Accreditation Council For Pharmacy Education
- Assets
- $15.2m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 18
- Location
- Chicago, IL
- Founding
- 11/1941
- Data as of
- 12/2023
- EIN
- 36-2123871
Organization Overview
Accreditation Council For Pharmacy Education is located in Chicago, IL. The organization was established in 1941. According to its NTEE Classification (G19) the organization is classified as: Support N.E.C., under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2023, Accreditation Council For Pharmacy Education employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Accreditation Council For Pharmacy Education 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, Accreditation Council For Pharmacy Education generated $6.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $5.5m during the year ending 12/2023. While expenses have increased by 4.7% per year over the past 8 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
ACCREDITATION OF PROFESSIONAL DEGREE PROGRAMS OF SCHOOLS OF PHARMACY AND ACCREDITATION OF PROVIDERS OF CONTINUING PHARMACEUTICAL EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROFESSIONAL DOCTOR OF PHARMACY ACCREDITATION PROGRAM OVERSEES THE ACCREDITATION AND PREACCREDITATION OF PROFESSIONAL DEGREE PROGRAMS IN PHARMACY LEADING TO THE DEGREE OF DOCTOR OF PHARMACY AT COLLEGES AND UNIVERSITIES WITHIN THE UNITED STATES, INCLUDING THOSE PROGRAMS OFFERED VIA DISTANCE EDUCATION. REVENUES GENERATED BY THE PROGRAM ARE DERIVED FROM SCHOOL ASSESSMENT AND ANNUAL SUSTAINING FEES.
PHARMACY TECHNICIAN EDUCATION ACCREDITATION COLLABORATION (PTAC) & ILLINOIS APPRENTICESHIP GRANT (IAG)
THE CONTINUING EDUCATION PROVIDER ACCREDITATION PROGRAM IS DESIGNED TO ASSURE PHARMACISTS, BOARDS OF PHARMACY, AND OTHER PHARMACY COLLEAGUES OF THE QUALITY, UNIFORMITY AND DEPENDABILITY OF CONTINUING PHARMACY EDUCATION PROGRAMS. RELATED TO CONTINUING EDUCATION IS CONTINUING PROFESSIONAL DEVELOPMENT WHICH IS A SELF-DIRECTED, ONGOING, SYSTEMIC APPROACH TO LIFELONG LEARNING. REVENUES GENERATED BY THE PROGRAM ARE DERIVED FROM ANNUAL PROVIDER PARTICIPATION FEES.
THE INTERNATIONAL SERVICES PROGRAM OFFERS PROFESSIONAL DEGREE PROGRAM ACCREDITATION, CONSULTATION AND TRAINING TO STAKEHOLDERS AROUND THE WORLD WHO SEEK GUIDANCE RELATED TO QUALITY ASSURANCE AND ADVANCEMENT OF PHARMACY EDUCATION OUTSIDE OF THE UNITED STATES. REVENUES GENERATED BY THE PROGRAM ARE DERIVED FROM ANNUAL FEES AND ON-SITE EVALUATION AND CONSULTATION FEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President - As Of 1/28/2023 | OfficerTrustee | 1 | $0 |
Name Not Listed Vice President - As Of 1/28/2023 | OfficerTrustee | 1 | $0 |
Name Not Listed President - Left Role As Of 1/28/2023 | OfficerTrustee | 1 | $0 |
Name Not Listed Treasurer - Assumed Role As Of 01/28/2023 | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Faegre Drinker Biddle & Reath Llp Office Of Attorneys Providing Legal Counsel. | 12/30/23 | $344,358 |
Rwk Services Information Technology Management And Consulting Services | 12/30/23 | $218,860 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $390 |
| All other contributions, gifts, grants, and similar amounts not included above | $259,200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $259,590 |
| Total Program Service Revenue | $6,031,000 |
| Investment income | $252,033 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$8,211 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,534,455 |
| 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. | $417,425 |
| Compensation of current officers, directors, key employees. | $284,482 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,991,728 |
| Pension plan accruals and contributions | $157,897 |
| Other employee benefits | $167,183 |
| Payroll taxes | $153,742 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $350,396 |
| Fees for services: Accounting | $49,910 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $80,816 |
| Advertising and promotion | $0 |
| Office expenses | $152,205 |
| Information technology | $222,350 |
| Royalties | $0 |
| Occupancy | $673,343 |
| Travel | $263,394 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $335,894 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $302,992 |
| Insurance | $74,359 |
| All other expenses | $11,719 |
| Total functional expenses | $5,548,918 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,926,365 |
| Savings and temporary cash investments | $2,730,682 |
| 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 | $513,696 |
| Net Land, buildings, and equipment | $3,027,911 |
| Investments—publicly traded securities | $6,926,164 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $72,016 |
| Total assets | $15,196,834 |
| Accounts payable and accrued expenses | $4,800 |
| Grants payable | $0 |
| Deferred revenue | $5,578,922 |
| 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 | $5,583,722 |
| Net assets without donor restrictions | $9,613,112 |
| 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 | $15,196,834 |