Pharmacy Society Of Wisconsin
- Assets
- $4.6m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 16
- Location
- Madison, WI
- Founding
- 07/1941
- Data as of
- 12/2021
- EIN
- 39-0714490
Organization Overview
Pharmacy Society Of Wisconsin is located in Madison, WI. The organization was established in 1941. According to its NTEE Classification (F03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2021, Pharmacy Society Of Wisconsin employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pharmacy Society Of Wisconsin 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 12/2021, Pharmacy Society Of Wisconsin generated $2.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 7 years. 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
PROVIDE A UNIFIED VOICE, RESOURCES, & LEADERSHIP TO ADVANCE THE PHARMACY PROFESSION IN WI
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION - THE PHARMACY SOCIETY OF WISCONSIN PROVIDES MULTIPLE WAYS FOR PHARMACISTS AND PHARMACY TECHNICIANS TO COMPLETE THEIR REQUIRED CE TRAINING. IN ADDITION TO ONLINE CE COURSES, PSW ALSO OFFERS A WIDE RANGE OF PROFESSIONAL CONFERENCES FOR PHARMACY PROFESSIONALS TO NETWORK AND SHARE IDEAS WITH THEIR COLLEAGUES.
ADVOCACY - THE PHARMACY SOCIETY OF WISCONSIN IS A LOBBYING ORGANIZATION THAT PROMOTES THE WORK OF PHARMACY PROFESSIONALS AND THE ADVANCEMENT OF PHARMACY PRACTICE TO THE WISCONSIN STATE LEGISLATURE. MEMBERS HAVE THE OPPORTUNITY TO COMMUNICATE WITH THEIR LEGISLATORS BOTH IN-PERSON AND OVER EMAIL.
RESOURCES - THE PHARMACY SOCIETY OF WISCONSIN HAS COMPILED A LARGE LIBRARY OF PHARMACY RELATED RESOURCES TO ASSIST YOU IN YOUR DAY-TO-DAY PRACTICE AND BEYOND. RESOURCES INCLUDE; TOOLKITS & MANUALS, PRACTICE SPECIFIC INFORMATION, JOB NETWORK AND MUCH MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Sorum Executive Vice President & CEO | Officer | 40 | $196,357 |
Kari Trapskin VP Of Health Care Quality Initiatives | 40 | $111,735 | |
Ryan Miller Treasurer | OfficerTrustee | 1 | $0 |
Janet Fritsch President-Elect | OfficerTrustee | 1 | $0 |
Melissa Theesfeld Chair | OfficerTrustee | 1 | $0 |
Ellina Seckel President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $79,463 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $382,536 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,904 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $467,903 |
| Total Program Service Revenue | $1,344,764 |
| Investment income | $129,336 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $168,263 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $9,428 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,164,056 |
| 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. | $228,440 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $723,861 |
| Pension plan accruals and contributions | $12,141 |
| Other employee benefits | $66,118 |
| Payroll taxes | $63,989 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,336 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,921 |
| Fees for services: Other | $121,987 |
| Advertising and promotion | $0 |
| Office expenses | $100,043 |
| Information technology | $34,266 |
| Royalties | $0 |
| Occupancy | $25,991 |
| Travel | $6,950 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $256,004 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $60,288 |
| Insurance | $7,918 |
| All other expenses | $5,736 |
| Total functional expenses | $1,774,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,250 |
| Savings and temporary cash investments | $160,496 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $131,717 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,625 |
| Prepaid expenses and deferred charges | $71,241 |
| Net Land, buildings, and equipment | $924,515 |
| Investments—publicly traded securities | $3,292,189 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,590,033 |
| Accounts payable and accrued expenses | $222,719 |
| Grants payable | $0 |
| Deferred revenue | $185,662 |
| 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 | $408,381 |
| Net assets without donor restrictions | $4,181,652 |
| 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 | $4,590,033 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Pharmacy Society Of Wisconsin has recieved totaling $78,581.
| Awarding Organization | Amount |
|---|---|
United Way Of Dane County Inc Madison, WI PURPOSE: Program Operating Cost | $78,581 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Association For Behavior Analysis Inc Portage, MI | $13,291,391 | $4,611,745 |
Pharmacy Society Of Wisconsin Madison, WI | $4,590,033 | $2,164,056 |
Society Of Behavioral Medicine Inc Milwaukee, WI | $4,510,212 | $2,034,543 |
World Professional Association For Transgender Health Inc East Dundee, IL | $1,879,575 | $1,493,564 |
Alliance For The Advancement Of Infant Mental Health Southgate, MI | $745,330 | $1,095,179 |
Community Behavioral Healthcare Association Of Illinois Springfield, IL | $1,288,181 | $1,293,696 |
Alzheimers & Dementia Alliance Of Wi Inc Madison, WI | $809,258 | $1,270,775 |
International Positive Psychology Association Apple Valley, MN | $564,495 | $548,435 |
International Association Of Rehabilitation Professionals St Paul, MN | $564,719 | $700,842 |
Michigan Consortium For Healthcare Excellence Ann Arbor, MI | $200,492 | $539,752 |
Illinois Psychological Association Chicago, IL | $693,725 | $426,441 |
Illinois Psychiatric Society Buffalo Grove, IL | $418,449 | $316,954 |