American Society Of Consultant Pharmacists Inc
- Assets
- $5.6m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 28
- Location
- Alexandria, VA
- Founding
- 05/1976
- Data as of
- 09/2023
- EIN
- 52-0942322
Organization Overview
American Society Of Consultant Pharmacists Inc, operating under the name Ascp, is located in Alexandria, VA. The organization was established in 1976. 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 09/2023, Ascp employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ascp 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 09/2023, Ascp generated $5.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $5.3m during the year ending 09/2023. While expenses have increased by 1.0% 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
PROMOTE HEALTHY AGING BY EMPOWERING PHARMACISTS WITH EDUCATION, RESOURCES, AND INNOVATIVE OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBER SERVICES: THIS PROGRAM CONSISTS OF ACTIVITIES TO PROMOTE AND IMPROVE PHARMACY PRACTICE IN HEALTH CARE INSTITUTIONS, LONG-TERM FACILITIES, ASSISTED LIVING, HOME AND COMMUNITY SETTINGS AND OTHER SENIOR CARE SETTINGS AS A SERVICE TO ASCP'S MEMBERS. THIS PROGRAM ALSO INCLUDES PRODUCTION OF PUBLICATIONS WHICH PERTAIN TO CONSULTANT PHARMACY THAT ARE PUBLISHED AS A SERVICE TO MEMBERS AND NONMEMBERS OF THE SOCIETY.
RESEARCH AND EDUCATION PROJECTS: THIS PROGRAM CONSISTS OF ACTIVITIES SUCH AS DEVELOPING NEW EDUCATIONAL PROGRAMS, PROMOTING THE VALUE OF SENIOR CARE AND CONSULTANT PHARMACY SERVICES AND ENABLING CONTINUED INNOVATION.
MEETINGS AND CONFERENCES: THIS PROGRAM CONSISTS OF MEETINGS AND CONFERENCES HELD FOR THE EDUCATION AND PROFESSIONAL DEVELOPMENT OF MEMBERS.
ADVOCACY: THIS PROGRAM CONSISTS OF GOVERNMENTAL RELATIONS ACTIVITIES THAT FOCUS ON INCREASING MEDICATION ACCESSIBILITY MAKING MEDICATIONS MORE AFFORDABLE AND EDUCATING LAWMAKERS ON THE CRITICAL MANAGEMENT SERVICES THAT ASCP'S MEMBERS PROVIDE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Fearon Chairman (thru 11/2022) | OfficerTrustee | 1 | $0 |
Hedva Levy Chairman (as Of 11/2022) | OfficerTrustee | 1 | $0 |
Jeanne Manzi President (as Of 11/2022) | OfficerTrustee | 1 | $0 |
Deborah Milito President-Elect (as Of 11/2022) | OfficerTrustee | 1 | $0 |
Rolf Schrader Treasurer | OfficerTrustee | 1 | $0 |
Rob Accetta Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Quincy Cfo Llc Accounting Services | 9/29/19 | $163,251 |
J Spargo & Associates Inc Meetings Managements Services | 9/29/19 | $105,412 |
Insight Therapeutics Editorial Services | 9/29/19 | $108,904 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $50,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,524,654 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,574,654 |
| Total Program Service Revenue | $3,790,069 |
| Investment income | $88,047 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $30,974 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,525,983 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $19,126 |
| Grants and other assistance to domestic individuals. | $9,053 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $359,658 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,019,610 |
| Pension plan accruals and contributions | $68,804 |
| Other employee benefits | $131,037 |
| Payroll taxes | $157,216 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,593 |
| Fees for services: Accounting | $34,540 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,877 |
| Fees for services: Other | $932,220 |
| Advertising and promotion | $0 |
| Office expenses | $125,240 |
| Information technology | $158,597 |
| Royalties | $0 |
| Occupancy | $121,830 |
| Travel | $252,915 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $648,494 |
| Interest | $3,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,165 |
| Insurance | $43,303 |
| All other expenses | $5,045 |
| Total functional expenses | $5,341,139 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,415,970 |
| Pledges and grants receivable | $469,616 |
| Accounts receivable, net | $102,474 |
| 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 | $187,126 |
| Net Land, buildings, and equipment | $51,593 |
| Investments—publicly traded securities | $3,036,785 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $372,170 |
| Total assets | $5,635,734 |
| Accounts payable and accrued expenses | $392,067 |
| Grants payable | $0 |
| Deferred revenue | $1,865,370 |
| 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 | $609,623 |
| Total liabilities | $2,867,060 |
| Net assets without donor restrictions | $2,650,652 |
| Net assets with donor restrictions | $118,022 |
| 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 | $5,635,734 |