Academy Of Managed Care Pharmacy Foundation-A New Jersey Nonprofit
- Assets
- $2.2m
- Revenue
- $904.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- 12/2016
- Data as of
- 12/2021
- EIN
- 22-3107061
Organization Overview
Academy Of Managed Care Pharmacy Foundation-A New Jersey Nonprofit, operating under the name Amcp Foundation, is located in Alexandria, VA. The organization was established in 2016. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Amcp 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 12/2021, Amcp Foundation generated $904.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $757.0k during the year ending 12/2021. While expenses have increased by 1.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGTHEN MANAGED CARE PHARMACY BY INVESTING IN FUTURE-FOCUSED RESEARCH AND INSPIRING THE NEXT GENERATION TO IMPROVE PATIENT HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH OUR IMMERSIVE SUMMER INTERNSHIPS, STUDENT PHARMACISTS GAIN KNOWLEDGE OF HEALTH PLANS, PHARMACY BENEFIT MANAGEMENT COMPANIES, EMPLOYER SITES, THE BIOPHARMACEUTICAL INDUSTRY, NON-PROFIT ORGANIZATIONS AND OTHER GROUPS. IN 2021, EIGHT STUDENT PHARMACISTS COMPLETED 10-12 WEEK INTERNSHIPS IN PARTNERSHIP WITH THE AMCP FOUNDATION AND GRANTOR COMPANIES. THESE FUTURE LEADERS LEARNED ABOUT POPULATION HEALTH AND MANAGED CARE PHARMACY CONCEPTS SUCH AS FORMULARY MANAGEMENT, BENEFIT DESIGN, MEDICATION THERAPY MANAGEMENT AND ADHERENCE. ALL INTERNS COMPLETED A CAPSTONE RESEARCH PROJECT, WHICH INTRODUCED THEM TO EVIDENCE-BASED DECISION-MAKING METHODOLOGIES AND PRINCIPLES OF HEALTH OUTCOMES AND PHARMACOECONOMICS.
P&T COMPETITION: AMCP FOUNDATION'S NATIONAL PHARMACY & THERAPEUTIC (P&T) COMPETITION ATTRACTED 64 SCHOOLS AND COLLEGES OF PHARMACY. TEAMS OF STUDENT PHARMACISTS ANALYZED A CASE STUDY INVOLVING A DRUG PRODUCT DOSSIER, REQUIRING THE EVALUATION OF RESEARCH AND THE COMPLETION OF MULTIPLE WRITTEN COMPONENTS. THREE TEAMS WERE SELECTED TO COMPETE IN LIVE PRESENTATIONS HELD AT THE AMCP ANNUAL MEETING, WHERE THEY PRESENTED TO A PANEL OF JUDGES REPRESENTING A P&T COMMITTEE. THE GOAL, IN THIS ANNUAL COMPETITION, IS TO PROVIDE STUDENT PHARMACISTS A FIRSTHAND VIEW INTO THE COMPLEX PRACTICE OF MANAGING A FORMULARY AND AN OPPORTUNITY TO HONE A VARIETY OF ESSENTIAL SKILLS.
BEST POSTER COMPETITION: SINCE 2002, THIS PROGRAM HAS PROVIDED AN OPPORTUNITY FOR STUDENT PHARMACISTS AND NEW PRACTITIONERS TO DEMONSTRATE ANALYTIC EXPERTISE ALONG WITH PRESENTATION, POSTER DEVELOPMENT AND TECHNICAL SKILLS. FIVE AWARDEES WERE RECOGNIZED IN 2021 FOR SCIENTIFIC MERIT, METHODOLOGY AND VISUAL INTERPRETATION OF DATA.
OTHER PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Hurlburt President | OfficerTrustee | 1 | $0 |
Annesha White Pharmd Ms PHD Vice President | OfficerTrustee | 1 | $0 |
Alan J Arville ESQ Treasurer | OfficerTrustee | 1 | $0 |
Paula Eichenbrenner MBA Cae Secretary And Executive Director | OfficerTrustee | 37.5 | $0 |
Susan A Cantrell Rph Cae Board Chair | OfficerTrustee | 0.5 | $0 |
Mark Milligan Chief Financial Officer | Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $17,260 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $100,628 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $117,888 |
| Total Program Service Revenue | $575,230 |
| Investment income | $78,249 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $70,530 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $904,603 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,000 |
| 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 | $361,082 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $84,921 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,541 |
| Fees for services: Accounting | $7,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,115 |
| Fees for services: Other | $70,617 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $21,635 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $756,974 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $641,016 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $12,631 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,569,159 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,222,806 |
| Accounts payable and accrued expenses | $65,054 |
| Grants payable | $0 |
| Deferred revenue | $529,968 |
| 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 | $477,263 |
| Total liabilities | $1,072,285 |
| Net assets without donor restrictions | $1,150,521 |
| Net assets with donor restrictions | $0 |
| 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 | $2,222,806 |
Grants Awarded
Over the last fiscal year, Academy Of Managed Care Pharmacy Foundation-A New Jersey Nonprofit has awarded $22,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF CALIFORNIA SAN DIEGO STUDENT CHAPTER PURPOSE: P+T COMPETITION | $9,500 |
Los Angeles, CA PURPOSE: P+T COMPETITION | $7,000 |
UNIVERSITY OF CALIFORNIA SAN FRANCISCO PURPOSE: P+T COMPETITION | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Intrahealth International Inc Chapel Hill, NC | $25,698,138 | $95,131,742 |
Moses Cone Medical Services Inc Greensboro, NC | $66,450,127 | $85,429,043 |
Norton Properties Inc Louisville, KY | $374,509,086 | $60,233,665 |
West Virginia University Hospitals East Inc Martinsburg, WV | $676,755 | $63,515,006 |
Bricklayers And Allied Craftworkers International Health Fund Washington, DC | $54,125,903 | $67,880,287 |
Sheet Metal Workers National Health Fund Goodlettsville, TN | $59,855,607 | $61,652,205 |
Corvesta Inc Roanoke, VA | $82,180,783 | -$1,235,003 |
Inova Health System Foundation Fairfax, VA | $6,680,265,525 | $824,217,139 |
Carolina Medicorp Enterprises Llc Winston Salem, NC | $11,898,708 | $46,315,888 |
Childrens Health System Inc Norfolk, VA | $122,433,385 | $34,959,405 |
Fauquier Health Foundation Warrenton, VA | $249,193,841 | $9,571,718 |
Chesapeake Regional Medical Group Chesapeake, VA | $4,557,734 | $12,231,172 |