Kentucky Pharmacy Education And Research Foundation Inc
- Assets
- $1.7m
- Revenue
- $9.0m
- Investments
- $0.0
- Employees
- 6
- Location
- Frankfort, KY
- Founding
- 09/1981
- Data as of
- 12/2023
- EIN
- 31-1012133
Organization Overview
Kentucky Pharmacy Education And Research Foundation Inc is located in Frankfort, KY. The organization was established in 1981. According to its NTEE Classification (B05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Education and related organizations. As of 12/2023, Kentucky Pharmacy Education And Research Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky Pharmacy Education And Research Foundation Inc 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 12/2023, Kentucky Pharmacy Education And Research Foundation Inc generated $9.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 28.4% each year . All expenses for the organization totaled $8.7m during the year ending 12/2023. While expenses have increased by 24.7% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
KENTUCKY PHARMACY EDUCATION & RESEARCH FOUNDATION IS A NONPROFIT PROFESSIONAL ORGANIZATION WHOSE GOALS ARE TO PROVIDE EDUCATION ACCREDITATION AND CONTINUING EDUCATION OPPORTUNITIES FOR KENTUCKY PHARMACISTS TO MEET THEIR ANNUAL CE LICENSE REQUIREMENTS REQUIRED BY THE COMMONWEALTH OF KENTUCKY, PROMOTE THE PROFESSION OF PHARMACY, ENHANCE THE PRACTICE STANDARDS OF THE PROFESSION, AND DEMONSTRATE THE VALUE OF PHARMACISTS SERVICES WITHIN THE HEALTHCARE SYSTEM. THE FOUNDATION ALSO OVERSEES AND ADMINISTERS VARIOUS PROGRAMS DESIGNED TO PROVIDE PHARMACEUTICALS AND SUPPORT SERVICES THROUGHOUT KENTUCKY IN TIMES OF DISASTERS AND EMERGENCIES. IN ADDITION, THE FOUNDATION PROVIDES SERVICES AND SUPPLIES IN CONJUNCTION WITH STATE AND LOCAL AGENCIES AS PART OF THE HARM REDUCTION PROGRAM TO FIGHT THE OPIOID ABUSE CRISIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION INSTITUTES, SPONSORS, ESTABLISHES, FOSTERS, AND PROMOTES, THROUGH THE USE OF ITS ASSETS AND INCOME, EDUCATION PROGRAMS AND RESEARCH PROJECTS IN THE FIELD OF PHARMACY, INCLUDING CAREER COUNSELING AND STUDENT ASSISTANCE, CONTINUING AND PROFESSIONAL DEVELOPMENT AND PUBLIC HEALTH EDUCATION AND ASSISTANCE.
A GRANT WAS OBTAINED TO DEVELOP AND IMPLEMENT A CENTRALIZED NALOXONE DISTRIBUTION PROGRAM IN PARTNERSHIP WITH COMMUNITY PHARMACIES AND UTILIZING THE MOBILE PHARMACY TO DISPENSE NALOXONE ATOMIZERS TO COMBAT OPIOID DEATHS IN KENTUCKY. AS A COMPANION TO THIS PROGRAM, THE DEPARTMENT OF PUBLIC HEALTH HAS INSTITUTED ADDITIONAL PROGRAMS TO ENGAGE PHARMACISTS ON STAFF TO ASSIST WITH EMERGENCY PREPAREDNESS IN KENTUCKY, AS WELL AS FOR NALOXONE TRAINING AND INVENTORY.
THE CENTER FOR EXCELLENCE WILL BE USED TO ENHANCE AND EXPAND THE PHARMACY PROFESSION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben Mudd Executive Di | Officer | $0 | |
Clark Kebodeaux Board Chair | Officer | 2 | $0 |
Lakin Marr Treasurer | Officer | 2 | $0 |
Brooke Hudspeth President | Officer | 2 | $0 |
Sam Willett Secretary | Officer | 2 | $0 |
Chad Corum Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,334,788 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,677 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,337,465 |
| Total Program Service Revenue | $500,138 |
| Investment income | $26,646 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,614 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,041,404 |
| 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 | $486,657 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $35,354 |
| Payroll taxes | $34,476 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,101 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,803 |
| Advertising and promotion | $0 |
| Office expenses | $77,129 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $19,983 |
| 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 | $5,888 |
| All other expenses | $274,032 |
| Total functional expenses | $8,682,526 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,342,327 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $264,534 |
| 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 | $41,276 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $54,659 |
| Total assets | $1,702,796 |
| Accounts payable and accrued expenses | $872,206 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $872,206 |
| Net assets without donor restrictions | $568,535 |
| Net assets with donor restrictions | $262,055 |
| 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 | $1,702,796 |