Alabama Pharmaceutical Assn Scholarship Foundation
- Assets
- $259.3k
- Revenue
- $26.2k
- Investments
- $217.3k
- Employees
- 0
- Location
- Montgomery, AL
- Founding
- 09/1959
- Data as of
- 12/2022
- EIN
- 63-6049895
Organization Overview
Alabama Pharmaceutical Assn Scholarship Foundation is located in Montgomery, AL. The organization was established in 1959. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alabama Pharmaceutical Assn Scholarship Foundation 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, Alabama Pharmaceutical Assn Scholarship Foundation generated $26.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $10.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christy Garmon Chairperson | 0 | $0 | |
Darrell Craven Board Member | 0 | $0 | |
Audrey Newton Board Member | 0 | $0 | |
Dan Mcconaghy Secretary/tr | 0 | $0 | |
Stacy Giles Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $19,580 |
| Interest on Savings | $32 |
| Dividends & Interest | $3,720 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,854 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $26,186 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $38 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $55 |
| Total operating and administrative expenses | $2,772 |
| Contributions, gifts, grants paid | $7,500 |
| Total expenses and disbursements | $10,272 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $42,003 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $217,339 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $259,342 |
| Accounts payable and accrued expenses | $1,470 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,470 |
Grants Awarded
Over the last fiscal year, Alabama Pharmaceutical Assn Scholarship Foundation has awarded $7,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AUBURN UNIVERSITY PURPOSE: PHARMACY SCHOLARSHIPS | $5,000 |
SAMFORD UNIVERSITY PURPOSE: PHARMACY SCHOLARSHIPS | $2,500 |