American College Of Apothecaries Research & Education Foundation In
- Assets
- $877.7k
- Revenue
- $64.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Bartlett, TN
- Founding
- 11/1984
- Data as of
- 12/2022
- EIN
- 58-1395320
Organization Overview
American College Of Apothecaries Research & Education Foundation In is located in Bartlett, TN. The organization was established in 1984. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American College Of Apothecaries Research & Education Foundation In is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, American College Of Apothecaries Research & Education Foundation In generated $64.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $72.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION SERVES A THREE-FOLD PURPOSE: (1) TO PROMOTE THE PUBLIC WELFARE THROUGH DEVELOPMENT OF QUALITY SERVICES IN INSTITUTIONS PROVIDING HEALTH CARE; (2) TO ENCOURAGE AND CONDUCT RESEARCH TO IMPROVE HEALTH CARE PROVIDED TO THE PUBLIC; (3) TO ENCOURAGE HEALTH CARE PRACTITIONERS TO IMPROVE THE QUALITY AND AVAILABILITY OF SERVICES TO THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MAINTAINS A RESOURCE CENTER, WHICH SERVES AS INFORMATION FOR PHARMACISTS AND CONDUCTS TRAINING PROGRAMS IN A VARIETY OF RELATED FIELDS. THE FOUNDATION ALSO AWARDS SELECTED INDIVIDUALS WHO ARE CONDUCTING APPROPRIATE RESEARCH ON PHARMACEUTICAL AND HEALTH CARE ISSUES AND SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Mcelhiney Director | Trustee | 0 | $0 |
Marisol Lopez Director | Trustee | 0 | $0 |
Kim Ferguson Director | Trustee | 0 | $0 |
Natalie Young Director | Trustee | 0 | $0 |
Erica Wassack Director | Trustee | 0 | $0 |
Brenda Jensen Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $114,449 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $114,449 |
| Total Program Service Revenue | $2,871 |
| Investment income | -$54,724 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,844 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $64,440 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,105 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,340 |
| Office expenses | $861 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $184 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,796 |
| Insurance | $6,781 |
| All other expenses | $3,485 |
| Total functional expenses | $72,632 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,503 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,168 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $164,533 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $216,249 |
| Investments—publicly traded securities | $369,982 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $43,220 |
| Total assets | $877,655 |
| Accounts payable and accrued expenses | $345 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $83,521 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1 |
| Total liabilities | $83,867 |
| Net assets without donor restrictions | $433,932 |
| Net assets with donor restrictions | $359,856 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $877,655 |
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Springfield Dental Foundation Springfield, MO | $28,911 | $0 |
American College Of Apothecaries Research & Education Foundation In Bartlett, TN | $877,655 | $64,440 |
Virginia Society Of Ornithology Williamsburg, VA | $811,271 | $175,214 |