Cumberland Pharma Foundation
- Assets
- $164.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 04/2019
- Data as of
- 12/2020
- EIN
- 82-3749040
Organization Overview
Cumberland Pharma Foundation is located in Nashville, TN. The organization was established in 2019. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cumberland Pharma 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 12/2020, Cumberland Pharma Foundation generated $58.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (18.4%) each year. All expenses for the organization totaled $37.8k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (24.1%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
THE FOUNDATION PROVIDES ONGOING SUPPORT TO VARIOUS NON-PROFIT ORGANIZATIONS WHOSEACTIVITIES ALIGN WITH CUMBERLAND PHARMACEUTICALS, INC. MISSION TO IMPROVE THE OVERALL QUALITY OF PATIENT CARE AND ADDRESS UNMET MEDICAL NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Bonner President | 1 | $0 | |
Todd Anthony Director | 1 | $0 | |
Shayla Simpson Vice President | 1 | $0 | |
Byron Kaelin Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,724 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $62 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $58,786 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $800 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $10 |
| Total expenses | $37,810 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $13,687 |
| Other assets | $0 |
| Total assets | $164,187 |
| Total liabilities | $0 |
| Net assets or fund balances | $164,187 |