Pharmacists United For Truth And Transparency
- Assets
- $47.1k
- Revenue
- $215.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Winston Salem, NC
- Founding
- 03/2015
- Data as of
- 12/2021
- EIN
- 27-2430178
Organization Overview
Pharmacists United For Truth And Transparency is located in Winston Salem, NC. The organization was established in 2015. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., 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. Pharmacists United For Truth And Transparency 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, Pharmacists United For Truth And Transparency generated $215.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.4% each year . All expenses for the organization totaled $325.2k during the year ending 12/2021. While expenses have increased by 25.3% 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 SHARE INFORMATION AND HELP EDUCATE EMPLOYERS AND CONSUMERS ABOUT RISING MEDICATION COSTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SHARE INFORMATION AND HELP EDUCATE EMPLOYERS AND CONSUMERS ABOUT THE DANGERS OF PBM ANTI-COMPETITIVE TACTICS AND THEIR ROLE IN THE RISING COSTS OF PRESCRIPTION MEDICATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Monique Whitney Executive Director | Trustee | 30 | $99,150 |
Dawn Butterfield Vice President | Officer | 8 | $0 |
M Scott Newman President | Officer | 8 | $0 |
Lauren Young Treasurer | Officer | 8 | $0 |
Deborah Keaveny Director | Trustee | 5 | $0 |
Jeremy Counts Director | Trustee | 5 | $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 | $195,817 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $195,817 |
| Total Program Service Revenue | $19,300 |
| Investment income | $130 |
| 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 | $215,247 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,650 |
| Fees for services: Accounting | $5,821 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $174,637 |
| Advertising and promotion | $20,790 |
| Office expenses | $1,421 |
| Information technology | $1,238 |
| Royalties | $0 |
| Occupancy | $145 |
| Travel | $21,561 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,699 |
| Interest | $980 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $975 |
| All other expenses | $14,654 |
| Total functional expenses | $325,193 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,705 |
| Savings and temporary cash investments | $37,555 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $815 |
| Total assets | $47,075 |
| Accounts payable and accrued expenses | $7,612 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $149,458 |
| Other liabilities | $0 |
| Total liabilities | $157,070 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$110,995 |
| Total liabilities and net assets/fund balances | $47,075 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Pharmacists United For Truth And Transparency has recieved totaling $220.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $220 |
Peer Organizations
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|---|---|---|
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Carilion Clinic Roanoke, VA | $281,656,126 | $39,438,781 |
Scotland Regional Health Network Laurinburg, NC | $378,865 | $8,728,608 |
Phoebe Foundation Inc Albany, GA | $20,206,779 | $3,551,981 |
Alamance Community & Health Foundation Inc Greensboro, NC | $76,630,575 | $12,054,534 |
Americas Toothfairy National Childrens Oral Health Foundation Charlotte, NC | $1,145,106 | $1,236,275 |
Health Occupations Students Of America Inc Georgia Watkinsville, GA | $257,092 | $1,030,364 |
Walton County Health Care Foundation Inc Monroe, GA | $50,639,691 | $2,072,620 |
Numotion Foundation Brentwood, TN | $1,008,015 | $811,604 |
Medical Foundation Of Nashville Nashville, TN | $460,495 | $828,616 |
Northern Shenandoah Substance Abuse Coalition Winchester, VA | $744,422 | $769,395 |
Satilla Health Partners Inc Waycross, GA | $95,598,303 | $5,090,426 |