Alabama Pharmacy Association
- Assets
- $2.8m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 6
- Location
- Montgomery, AL
- Founding
- Data as of
- 12/2022
- EIN
- 63-0003995
Organization Overview
Alabama Pharmacy Association is located in Montgomery, AL. As of 12/2022, Alabama Pharmacy Association employed 6 individuals. Alabama Pharmacy Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Alabama Pharmacy Association generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $987.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 7 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
TO PROMOTE, DEFEND, AND EXPAND THE PHARMACEUTICAL PROFESSION AND ITS ESSENTIAL ROLE IN PATIENT CARE IN THE STATE OF ALABAMA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EDUCATIONAL PROGRAMS FOR PHARMACISTS WITHIN THE STATE OF ALABAMA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christy Garmon President | OfficerTrustee | 1 | $0 |
Darrell Craven President-El | OfficerTrustee | 1 | $0 |
Audrey Newton Vice-Preside | OfficerTrustee | 1 | $0 |
Dan Mcconaghy Treasurer | OfficerTrustee | 1 | $0 |
Stacy Giles Past-Preside | OfficerTrustee | 0.5 | $0 |
Wes Maddox Speaker Of T | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $84,316 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $84,316 |
| Total Program Service Revenue | $824,020 |
| Investment income | $12,840 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $62,120 |
| Net Gain/Loss on Asset Sales | $41,466 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,149,447 |
| 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. | $156,092 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $161,625 |
| Pension plan accruals and contributions | $3,634 |
| Other employee benefits | $11,490 |
| Payroll taxes | $15,961 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,028 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,260 |
| Fees for services: Other | $0 |
| Advertising and promotion | $995 |
| Office expenses | $31,188 |
| Information technology | $9,307 |
| Royalties | $0 |
| Occupancy | $18,561 |
| Travel | $22,618 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $219,530 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,616 |
| Insurance | $5,232 |
| All other expenses | $58,513 |
| Total functional expenses | $986,998 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,085,972 |
| Savings and temporary cash investments | $671,478 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $86,066 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $314,323 |
| Investments—publicly traded securities | $628,171 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,000 |
| Total assets | $2,792,010 |
| Accounts payable and accrued expenses | $13,105 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $13,105 |
| Net assets without donor restrictions | $2,770,612 |
| Net assets with donor restrictions | $8,293 |
| 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 | $2,792,010 |