Community Pharmacy Foundation
- Assets
- $18.9m
- Revenue
- $3.1m
- Investments
- $774.8k
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 04/2001
- Data as of
- 12/2023
- EIN
- 36-4346799
Organization Overview
Community Pharmacy Foundation is located in Chicago, IL. The organization was established in 2001. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Pharmacy Foundation is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Community Pharmacy Foundation generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $2.0m during the year ending 12/2023. While expenses have increased by 12.1% per year over the past 6 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.
Since 2022, Community Pharmacy Foundation has awarded 40 individual grants totaling $1,534,757. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT RESEARCH TO INVESTIGATE PHARMACEUTICAL PRICING PRACTICES.DEVELOP TOOLS AND PRACTICES THAT WILL HELP COMMUNITY PHARMACISTS MEET THE NEEDS OF THEIR PATIENTS. DEVELOP PUBLIC EDUCATION TOOLS THAT WILL HELP PATIENTS BECOME AWARE OF, UNDERSTAND, AND USE SERVICES THAT ARE OFFERED BY COMMUNITY PHARMACIST. ESTABLISH A LIBRARY RELEVANT TO THE NEEDS OF THE COMMUNITY PHARMACISTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT PAID TO COMMON BUSINESS INTEREST ORGANIZATION - CPESN USA
GRANT PAID TO COMMON BUSINESS INTEREST ORGANIZATION - GREATER APPALACHIAN TRANSFORMATION
GRANT PAID TO COMMON BUSINESS INTEREST ORGANIZATION - CPESN WISCONSIN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Garrelts Maclean President | Trustee | 1 | $2,250 |
Randy Myers Director | Trustee | 1 | $3,000 |
Dorinda Martin Vice President | Trustee | 1 | $3,000 |
Matthew Osterhaus Secretary Treasurer | Trustee | 1 | $3,000 |
Steven Simenson Director | Trustee | 1 | $3,000 |
Kelly Brock Executive Director | Trustee | 40 | $139,535 |
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 | $2,000,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,000,000 |
| Total Program Service Revenue | $0 |
| Investment income | $691,178 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $367,083 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,053,595 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,568,671 |
| 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. | $162,785 |
| Compensation of current officers, directors, key employees. | $162,785 |
| 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 | $5,496 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $101,540 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $103,159 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,030,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,170,130 |
| 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 | $15,911,015 |
| Investments—other securities | $774,751 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,855,896 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $18,855,896 |
| 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 | $18,855,896 |
Grants Awarded
Over the last fiscal year, Community Pharmacy Foundation has awarded $1,534,757 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF PITTSBURG | | | $58,126 |
JPWC LLC | | | $75,038 |
CPESN USA | | | $215,154 |
NASPA | | | $12,500 |
SEGURIDAD INC | | | $29,500 |
PHARMACY SOCIETY OF WISCONSIN | | | $29,000 |