Appalachian College Of Pharmacy
- Assets
- $36.2m
- Revenue
- $7.7m
- Investments
- $9.9m
- Employees
- 75
- Location
- Oakwood, VA
- Founding
- 05/2004
- Data as of
- 06/2022
- EIN
- 26-0069167
Organization Overview
Appalachian College Of Pharmacy is located in Oakwood, VA. The organization was established in 2004. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, Appalachian College Of Pharmacy employed 75 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Appalachian College Of Pharmacy 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 06/2022, Appalachian College Of Pharmacy generated $7.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $7.2m during the year ending 06/2022. While expenses have increased by 0.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE APPALACHIAN COLLEGE OF PHARMACY, A COLLEGE OF HIGHER EDUCATION CONFERRING THE DOCTOR OF PHARMACY DEGREE, PROVIDES ACADEMIC, SCIENTIFIC, AND PROFESSIONAL PHARMACY EDUCATION TO ADDRESS THE HEALTH-RELATED NEEDS OF RURAL AND UNDER-SERVED COMMUNITIES, PARTICULARLY THOSE IN APPALACHIA, THROUGH EDUCATION, SERVICE, AND SCHOLARSHIP. THE PHILOSOPHY OF THE COLLEGE IS TO CULTIVATE A LEARNING COMMUNITY COMMITTED TO EDUCATION, COMMUNITY OUTREACH, AND THE PROFESSIONAL DEVELOPMENT OF PHARMACISTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF PHARMACY SCHOOL - SECONDARY EDUCATIONAL INSTITUTION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Mayhew Dean | Officer | 40 | $252,253 |
Marcy Henrick Asssitant Dean | 40 | $137,520 | |
Marvin Mcgeorge Assistant Dean | 40 | $133,259 | |
Craig Mullins Department Chair | 30 | $131,403 | |
Holli Harmon CFO | 40 | $129,759 | |
Richard Nichols Department Chair | 40 | $126,681 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $219,263 |
| All other contributions, gifts, grants, and similar amounts not included above | $390,532 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $609,795 |
| Total Program Service Revenue | $6,602,328 |
| Investment income | $377,642 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $7,728,362 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $168,500 |
| 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 | $377,790 |
| Other salaries and wages | $3,522,840 |
| Pension plan accruals and contributions | $272,250 |
| Other employee benefits | $430,068 |
| Payroll taxes | $302,777 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,103 |
| Fees for services: Accounting | $36,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $52,754 |
| Fees for services: Other | $0 |
| Advertising and promotion | $112,571 |
| Office expenses | $10,539 |
| Information technology | $139,396 |
| Royalties | $0 |
| Occupancy | $160,404 |
| Travel | $28,996 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $80,236 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $478,422 |
| Insurance | $73,320 |
| All other expenses | $97,093 |
| Total functional expenses | $7,227,192 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,588 |
| Savings and temporary cash investments | $10,335,909 |
| Pledges and grants receivable | $4,000,000 |
| Accounts receivable, net | $40,084 |
| 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 | $201,480 |
| Net Land, buildings, and equipment | $11,626,177 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $9,914,159 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $36,195,397 |
| Accounts payable and accrued expenses | $518,852 |
| Grants payable | $0 |
| Deferred revenue | $398,358 |
| 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 | $16,100 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $933,310 |
| Net assets without donor restrictions | $29,554,563 |
| Net assets with donor restrictions | $5,707,524 |
| 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 | $36,195,397 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Appalachian College Of Pharmacy has recieved totaling $164,000.
| Awarding Organization | Amount |
|---|---|
Horizon Foundation Inc Grundy, VA PURPOSE: SCHOLARSHIP | $151,000 |
William M Blankenship & Adam Justice Memorial Scholarship Fund Richmond, VA PURPOSE: SCHOLARSHIP | $10,000 |
Cvs Foundation Woonsocket, RI PURPOSE: SCHOLARSHIP GRANTS | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Morgan State University Foundation Incorporated Baltimore, MD | $141,263,372 | $14,542,251 |
American University Of Rome Washington, DC | $5,091,812 | $6,709,805 |
Crown College Powell, TN | $16,563,165 | $8,650,181 |
Appalachian College Of Pharmacy Oakwood, VA | $36,195,397 | $7,728,362 |
Austin Peay State University Foundation Clarksville, TN | $60,731,234 | $13,661,420 |
University Of Tennessee Research Foundation Knoxville, TN | $82,756,683 | $8,787,700 |
School Of Media And Journalism Foundation Of North Carolina Inc Chapel Hill, NC | $50,008,414 | $6,859,944 |
Virginia Commonwealth University Real Estate Foundation Richmond, VA | $95,872,198 | $7,982,693 |
Western Carolina University Foundation Cullowhee, NC | $76,335,154 | $7,286,676 |
Virginia University Of Lynchburg Inc Lynchburg, VA | $13,241,169 | $8,139,477 |
Skema Us Inc Raleigh, NC | $4,455,636 | $4,986,543 |
Radford University Foundation Inc Radford, VA | $119,642,152 | $17,210,656 |