American Society Of Health-System Pharmacists
- Assets
- $168.2m
- Revenue
- $51.2m
- Investments
- $0.0
- Employees
- 240
- Location
- Bethesda, MD
- Founding
- 11/1984
- Data as of
- 05/2022
- EIN
- 52-0807628
Organization Overview
American Society Of Health-System Pharmacists is located in Bethesda, MD. The organization was established in 1984. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. As of 05/2022, American Society Of Health-System Pharmacists employed 240 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Society Of Health-System Pharmacists 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 05/2022, American Society Of Health-System Pharmacists generated $51.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $54.4m during the year ending 05/2022. While expenses have increased by 1.0% per year over the past 7 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 2015, American Society Of Health-System Pharmacists has awarded 44 individual grants totaling $3,710,049. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL SERVICES - ASHP IS AN ACCREDITED PROVIDER OF CONTINUING EDUCATION FOR PHARMACISTS, AND OTHER RELATED HEALTH CARE PERSONNEL. ASHP OFFERS ACCESS TO MULTIDISCIPLINARY PROFESSIONAL DEVELOPMENT CE ACTIVITIES FOR MEMBERS AND NONMEMBERS INCLUDING PHARMACISTS, PHARMACY TECHNICIANS, PHYSICIANS, NURSES, NURSE PRACTITIONERS, AND OTHER HEALTH CARE PROFESSIONALS. ACTIVITIES ARE AVAILABLE IN MANY DIFFERENT FORMATS SUCH AS WEB-BASED, PODCASTS, MULTIMEDIA, PRINT PUBLICATIONS, AND LIVE MEETINGS. THESE EDUCATIONAL SERVICES HELP TO MAINTAIN AND IMPROVE THE COMPETENCY OF PHARMACISTS AND OTHER HEALTH CARE PROFESSIONALS.
PUBLICATION SERVICES - ASHP DEVELOPS, MAINTAINS AND PUBLISHES A COMPREHENSIVE LIBRARY OF BOOKS AND MULTIMEDIA PRODUCTS DESIGNED TO MEET PROFESSIONAL NEEDS AND ADVANCE RATIONAL DRUG THERAPY IN HEALTH-SYSTEM PHARMACY SETTINGS. FURTHER, ASHP IS A SOURCE OF INFORMATION FOR SAFE AND EFFECTIVE DRUG THERAPY, PHARMACY PRACTICE, AND PHARMACY PRACTICE RESEARCH AND TECHNOLOGY. ASHP DEVELOPS OFFICIAL PROFESSIONAL POLICIES, IN THE FORM OF POLICY POSITIONS AND GUIDANCE DOCUMENTS (STATEMENTS AND GUIDELINES), IN ORDER TO ESTABLISH BEST PRACTICES AND PROVIDE GUIDANCE TO ASHP MEMBERS AND OTHER AUDIENCES IMPACTED BY HEALTH-SYSTEM PHARMACY PRACTICE.
MEMBERSHIP PROGRAMS - ACTIVITIES AND RESOURCES FOR MEMBERS INCLUDE CLINICAL RESEARCH AND PROFESSIONAL PUBLICATIONS INCLUDING A SUBSCRIPTION TO AJHP, WEEKLY E-NEWSLETTERS AND DAILY BRIEFINGS. THERE IS ORGANIZED REPRESENTATION AT THE FEDERAL LEVEL AND RELEVANT FEDERAL REGULATORY AGENCIES ABOUT LEGISLATION AND REGULATIONS THAT AFFECT PHARMACY PRACTICE, AND COMMUNICATION WITH THE PUBLIC ABOUT THE ROLE OF HEALTH-SYSTEM PHARMACISTS. MEMBERS ARE PROVIDED NETWORKING OPPORTUNITIES BY THEIR PARTICIPATION IN OUR COUNCILS, COMMITTEES, DISCUSSION GROUPS AND MENTOR EXCHANGE. OUR MEMBERS RECEIVE CURRENT PRACTICE TOOLS AND RESOURCES THROUGH OUR SPECIAL INTEREST SECTIONS AND FORUMS, EDUCATIONAL CONFERENCES, AND ONLINE RESOURCE CENTERS.
ACCREDITATION SERVICES - ASHP ACCREDITS PHARMACY RESIDENCY AND PHARMACY TECHNICIAN PROGRAMS. FURTHER, THIS SERVICE IS COMMITTED TO ASSISTING EXISTING RESIDENCIES REFINE THEIR PROGRAMS, HELPING PROSPECTIVE PROGRAMS WITH THE PROCESS OF SEEKING ACCREDITATION, AND ASSISTING PROSPECTIVE PHARMACY RESIDENTS TO GET THE INFORMATION NEEDED TO FIND THE BEST RESIDENCY PROGRAM FOR THEM. ACCREDITATION INVOLVES THE ACT OF GRANTING APPROVAL TO A POSTGRADUATE PHARMACY RESIDENCY PROGRAM AFTER THE PROGRAM HAS MET SET REQUIREMENTS AND HAS BEEN REVIEWED AND EVALUATED THROUGH A FORMAL PROCESS. POSTGRADUATE RESIDENCY PROGRAMS ARE CONSIDERED THE BEST SOURCE OF HIGHLY QUALIFIED CLINICAL PHARMACISTS. ASHP MAINTAINS A LONGSTANDING COMMITMENT TO WELL-BEING AND RESILIENCE ON BEHALF OF PATIENTS, PUBLIC HEALTH, OUR MEMBERS AND THE PHARMACY PROFESSION; INCLUDING THE WELL-BEING AMBASSADORS PROGRAM SUPPORTED THROUGH A GRANT BY THE HEALTH RESOURCES AND SERVICES ADMINISTRATION OF THE DEPARTMENT OF HEALTH AND HUMAN SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Svanaco Inc Website/ Software Support | 5/30/22 | $433,300 |
Mccreadie Group Inc Software Support | 5/30/22 | $387,215 |
Personify Inc Software Support | 5/30/22 | $379,765 |
Intrado Digital Media Llc Meeting Platform Services | 5/30/22 | $303,950 |
Speak Inc Meeting Speakers | 5/30/22 | $287,500 |
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 | $163,782 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $163,782 |
| Total Program Service Revenue | $42,362,363 |
| Investment income | $5,299 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $123,351 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,485,738 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $51,203,280 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $423,500 |
| 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. | $6,421,221 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,452,945 |
| Pension plan accruals and contributions | $1,988,541 |
| Other employee benefits | $1,893,253 |
| Payroll taxes | $1,853,161 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $85,980 |
| Fees for services: Accounting | $50,936 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $913,727 |
| Fees for services: Other | $240,849 |
| Advertising and promotion | $878,506 |
| Office expenses | $572,380 |
| Information technology | $1,550,699 |
| Royalties | $194,800 |
| Occupancy | $2,855,715 |
| Travel | $473,007 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,122,456 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,177,122 |
| Insurance | $332,611 |
| All other expenses | $321,607 |
| Total functional expenses | $54,379,917 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,416,328 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,511,013 |
| 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 | $2,568,777 |
| Net Land, buildings, and equipment | $4,644,130 |
| Investments—publicly traded securities | $150,517,838 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $561,115 |
| Total assets | $168,219,201 |
| Accounts payable and accrued expenses | $11,616,686 |
| Grants payable | $0 |
| Deferred revenue | $19,035,275 |
| 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 | $519,590 |
| Total liabilities | $31,171,551 |
| Net assets without donor restrictions | $137,047,650 |
| 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 | $168,219,201 |
Grants Awarded
Over the last fiscal year, American Society Of Health-System Pharmacists has awarded $423,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Bethesda, MD PURPOSE: The grant is provided to help fund general operating and program expenses | $363,500 |
Sioux Falls, SD PURPOSE: The grant is provided to the employers of the ASHP Presidential Officers, if requested, to offset support costs that the institution may incur during their election term. | $15,000 |
Minneapolis, MN PURPOSE: The grant is provided to the employers of the ASHP Presidential Officers, if requested, to offset support costs that the institution may incur during their election term. | $15,000 |
Salt Lake City, UT PURPOSE: The grant is provided to the employers of the ASHP Presidential Officers, if requested, to offset support costs that the institution may incur during their election term. | $15,000 |
Ann Arbor, MI PURPOSE: The grant is provided to the employers of the ASHP Presidential Officers, if requested, to offset support costs that the institution may incur during their election term. | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that American Society Of Health-System Pharmacists has recieved totaling $898,925.
| Awarding Organization | Amount |
|---|---|
Pharmacy Technician Certification Board Washington, DC PURPOSE: TO ADVANCE PHARMACY TECHNICIANS | $820,000 |
American Nurses Foundation Inc Silver Spring, MD PURPOSE: COLLABORATIVE RESEARCH GRANT | $47,500 |
American Society Of Health-System Pharmacists Research And Education Bethesda, MD PURPOSE: CLINICAL SKILL COMPETITION GRANT | $15,800 |
Oshkosh Area Community Foundation Corporation Oshkosh, WI PURPOSE: PROGRAM SUPPORT | $15,625 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Langhorne Physican Services Inc Langhorne, PA | $71,078,768 | $62,697,896 |
Association Of Public Health Laboratories Inc Silver Spring, MD | $22,041,513 | $89,928,640 |
American College Of Physicians Inc Philadelphia, PA | $166,251,470 | $66,810,188 |
American Society Of Health-System Pharmacists Bethesda, MD | $168,219,201 | $51,203,280 |
American Health Care Association And Subsidiary Washington, DC | $42,939,988 | $48,686,518 |
American Physical Therapy Association Alexandria, VA | $61,402,503 | $48,378,744 |
American College Of Obstetricians And Gynecologists Washington, DC | $106,112,762 | $64,499,818 |
American Pharmacists Association Washington, DC | $163,886,868 | $44,521,432 |
American Nurses Association Inc Silver Spring, MD | $72,047,526 | $33,274,226 |
National Association Of Childrens Hospital And Related Institutions Washington, DC | $129,313,033 | $43,392,577 |
Oncology Nursing Society Pittsburgh, PA | $48,820,451 | $29,142,020 |
American Society Of Nephrology Inc Washington, DC | $85,761,942 | $25,981,219 |