Appalachian College Of Pharmacy
- Assets
- $34.7m
- Revenue
- $5.4m
- Investments
- $10.5m
- Employees
- 75
- Location
- Oakwood, VA
- Founding
- 05/2004
- Data as of
- 06/2023
- 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 06/2023, 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 06/2023, Appalachian College Of Pharmacy generated $5.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $7.7m during the year ending 06/2023. 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
2023
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 |
|---|---|---|---|
Lucius Ellsworth Trustee | Trustee | 1 | $0 |
Sherri Dawson Secretary | OfficerTrustee | 1 | $0 |
J Carroll Branham Trustee | Trustee | 1 | $0 |
Arthur Mullins Chair | OfficerTrustee | 1 | $0 |
Sue Cantrell MD Trustee | Trustee | 1 | $0 |
Scott Cole Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $304,590 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $304,590 |
| Total Program Service Revenue | $4,785,439 |
| Investment income | $412,165 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$232,221 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,403,157 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $279,753 |
| 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 | $396,974 |
| Other salaries and wages | $3,879,059 |
| Pension plan accruals and contributions | $311,795 |
| Other employee benefits | $449,025 |
| Payroll taxes | $318,718 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,607 |
| Fees for services: Accounting | $40,636 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $50,588 |
| Fees for services: Other | $0 |
| Advertising and promotion | $136,035 |
| Office expenses | $8,725 |
| Information technology | $148,049 |
| Royalties | $0 |
| Occupancy | $157,143 |
| Travel | $54,420 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $60,870 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $461,415 |
| Insurance | $87,045 |
| All other expenses | $78,728 |
| Total functional expenses | $7,665,943 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,618 |
| Savings and temporary cash investments | $8,390,744 |
| Pledges and grants receivable | $4,000,000 |
| Accounts receivable, net | $66,759 |
| 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 | $244,041 |
| Net Land, buildings, and equipment | $11,494,164 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $10,478,021 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $34,714,347 |
| Accounts payable and accrued expenses | $520,162 |
| Grants payable | $0 |
| Deferred revenue | $621,108 |
| 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 | $12,500 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,153,770 |
| Net assets without donor restrictions | $28,018,376 |
| Net assets with donor restrictions | $5,542,201 |
| 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 | $34,714,347 |