Ifpw Foundation
- Assets
- $215.9k
- Revenue
- $212.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Manassas, VA
- Founding
- 07/2014
- Data as of
- 12/2023
- EIN
- 46-1554531
Organization Overview
Ifpw Foundation is located in Manassas, VA. The organization was established in 2014. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Ifpw Foundation 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, Ifpw Foundation generated $212.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (12.8%) each year. All expenses for the organization totaled $265.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (19.3%) per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTS ORGANIZATIONS AND INITIATIVES THAT IMPROVE THE AVAILABILITY OF VACCINES, MEDICINES AND OTHER HEALTHCARE PRODUCTS TO THOSE IN NEED WORLDWIDE THROUGH A VARIETY OF EDUCATIONAL AND CHARITABLE ACTIVITIES, INCLUDING THOSE FOCUSED ON PHARMACEUTICAL SUPPLY CHAIN IMPROVEMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES STRATEGIC CONSULTATION AND IMPLEMENTATION SUPPORT TO GAVI ALLIANCE, GLOBAL FUND, AND USAID FOR THE IMPLEMENTATION OF AN EXECUTIVE LEADERSHIP PROGRAM, STEP 2.0 LEADERSHIP, WHICH PROVIDES ONLINE AND FACE-TO-FACE TRAINING TO PUBLIC HEALTH SUPPLY CHAIN MANAGERS AND PERSONNEL TO HELP THEM IMPROVE EFFICIENCY AND PERFORMANCE. COURSES ARE FOCUSED ON PRIORITY DONORS' COUNTRIES AND WERE OFFERED PREDOMINANTLY IN SUB-SAHARAN AFRICA WITH A SELF-INITIATED COURSE IN UGANDA.
SUPPORTS FIGHT THE FAKES ALLIANCE, A SWISS ASSOCIATION, IN RAISING AWARENESS AROUND THE ISSUE OF COUNTERFEIT, FALSIFIED, AND SUBSTANDARD MEDICINES AND THE DANGERS THEY POSE TO PATIENTS WORLDWIDE. FINANCIAL DUES ARE PAID WHICH ALLOWS A RELATED ORGANIZATION, INTERNATIONAL FEDERATION OF PHARMACEUTICAL WHOLESALERS, INC. (IFPW), TO SERVE ON THE EXECUTIVE BOARD OF THE ASSOCIATION AND PROVIDE STRATEGIC DIRECTION TO THE ALLIANCE'S PROGRAMS AND EFFORTS. DUES ALSO SUPPORT THE SECRETARIAT, WHOSE FUNCTIONS ARE PERFORMED BY A PUBLIC AFFAIRS AGENCY LOCATED IN BELGIUM.
SUPPORT THE AFRICAN PHARMACEUTICAL DISTRIBUTION ASSOCIATION (APDA), BASED IN MOROCCO, TO HELP THIS PAN-AFRICAN GROUP REALIZE ITS POTENTIAL TO SERVE AS A STRONG PLATFORM FOR INFORMATION EXCHANGES AND THE DEVELOPMENT OF THE PRIVATE SECTOR FOR MEDICINES ON THE CONTINENT. AS IT IS FURTHER ESTABLISHED, APDA WILL ADVOCATE FOR IMPROVEMENTS IN ACCESS TO MEDICINES, SAFER AND MORE SECURE MEDICINES SUPPLY CHAINS, TO INCREASE LOCALIZED MANUFACTURING AND FOR GREATER PUBLIC-PRIVATE PARTNERSHIPS IN HEALTHCARE SYSTEMS. IFPW FOUNDATION SERVES AS AN ADVISOR TO THE APDA BOARD AND ITS VARIOUS COMMITTEES. IT ALSO LEVERAGES THE EXPERIENCES AND RESOURCES OF IFPW-MEMBER COMPANIES THAT ARE WILLING TO HELP STRENGTHEN AFRICAN MARKETS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ornella Barra Trustee | Trustee | 0 | $0 |
Elias Solomon Nader Vice Chairman | OfficerTrustee | 0 | $0 |
Jean Marc Leccia Trustee | Trustee | 0 | $0 |
Brian Tyler Trustee | Trustee | 0 | $0 |
Mark Parrish President | OfficerTrustee | 2 | $0 |
Christopher Goetz Executive VP | OfficerTrustee | 10 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $207,635 |
| Investment income | $4,651 |
| 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 | $212,286 |
| 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 | $42,600 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $189 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $17,273 |
| 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 | $400 |
| All other expenses | $0 |
| Total functional expenses | $265,013 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135,817 |
| Savings and temporary cash investments | $80,048 |
| 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 | $0 |
| Total assets | $215,865 |
| Accounts payable and accrued expenses | $85,164 |
| Grants payable | $0 |
| Deferred revenue | $58,464 |
| 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 | $143,628 |
| Net assets without donor restrictions | $0 |
| 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 | $72,237 |
| Total liabilities and net assets/fund balances | $215,865 |