American Association Of Pharmaceutical Scientists
- Assets
- $17.3m
- Revenue
- $11.1m
- Investments
- $0.0
- Employees
- 31
- Location
- Arlington, VA
- Founding
- 02/1991
- Data as of
- 09/2021
- EIN
- 52-1444968
Organization Overview
American Association Of Pharmaceutical Scientists, operating under the name Aaps, is located in Arlington, VA. The organization was established in 1991. As of 09/2021, Aaps employed 31 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Aaps 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 09/2021, Aaps generated $11.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $8.1m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (5.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A FORUM FOR OPEN EXCHANGE AND DISSEMINATION OF SCIENTIFIC KNOWLEDGE.
Describe the Organization's Program Activity:
EDUCATIONAL PROGRAMS:AAPS PROVIDES ITS MEMBERS WITH A BROAD AND EVOLVING ARRAY OF EDUCATIONAL PROGRAMS. FOR FY21, APPROXIMATELY 2,100 REGISTRANTS ATTENDED OUR 2020 VIRTUAL ANNUAL MEETING. AAPS ALSO OFFERS ELEARNING OPPORTUNITIES THROUGH ITS ONLINE EDUCATION PROGRAM.
MEMBERSHIP PROGRAMS:AAPS KEEPS MEMBERS UPDATED ON THE LATEST INFORMATION RELATED TO THE PHARMACEUTICAL SCIENCES; PROVIDES OPPORTUNITIES FOR PHARMACEUTICAL SCIENTISTS TO SHARE THEIR SCIENCE; AND BUILDS THE COMMUNITY OF PHARMACEUTICAL SCIENTISTS IN ORDER TO ADVANCE THE DEVELOPMENT OF DRUGS AND THERAPIES THAT IMPROVE GLOBAL HEALTH. IN FY21, THE FOLLOWING PRODUCTS AND SERVICES WERE AVAILABLE TO MEMBERS: THE OPPORTUNITY TO BECOME PART OF A NUMBER OF SCIENTIFIC COMMUNITIES TO COLLABORATE AND SHARE THEIR SCIENCE; THE ANNUAL MEETING, A MEETING OF 4,000+ PHARMACEUTICAL SCIENTISTS FOR THE PURPOSES OF SHARING THEIR SCIENCE; A HALF-DOZEN WORKSHOPS FOCUSED ON SPECIFIC SCIENTIFIC CONTENT.
PUBLICATIONS:AAPS AND ITS PUBLISHER PRODUCE 4 PEER-REVIEWED RESEARCH JOURNALS, PROVIDED TO ALL AAPS MEMBERS AND TO OVER 8,000 ORGANIZATIONS WORLDWIDE. IN 2021, THERE WERE MORE THAN 2.2 MILLION DOWNLOADS OF JOURNAL CONTENT. IN FY21, AAPS AND ITS PUBLISHER ALSO PUBLISHED 6 SCIENTIFIC BOOKS TOTAL IN 2 BOOK SERIES, AVAILABLE ONLINE BY CHAPTER OR FULL BOOK AND IN PRINT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tina S Morris PHD Executive Director (as Of 04/20) | OfficerTrustee | 37.5 | $340,175 |
Erik Burns Sr Dir. Corp. Engagement & Strategic Business | Officer | 37.5 | $194,973 |
Sherry Martin-Long It Director | 37.5 | $152,115 | |
Joy Davis Managing Director | 37.5 | $148,824 | |
Catherine Abbott Publications & Communications Director | 37.5 | $121,750 | |
Maria Box Membership & Communities Director | 37.5 | $115,551 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Suntrust Bank Banking And Credit Card Processing | 9/29/21 | $371,683 |
Kane Construction Leasehold Improvements | 9/29/21 | $309,181 |
Marketing General Incorporated Marketing Services | 9/29/21 | $930,490 |
Carefirst Bcbs Health Insurance | 9/29/21 | $295,506 |
Freeman Ps360 Event Services | 9/29/21 | $270,436 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $892,446 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,917 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $902,363 |
| Total Program Service Revenue | $3,688,500 |
| Investment income | $242,223 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $678,712 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,573,771 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,114,261 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $42,889 |
| Grants and other assistance to domestic individuals. | $12,305 |
| Grants and other assistance to Foreign Orgs/Individuals | $9,170 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $827,117 |
| Compensation of current officers, directors, key employees. | $487,999 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,144,640 |
| Pension plan accruals and contributions | $186,596 |
| Other employee benefits | $342,870 |
| Payroll taxes | $200,140 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,114 |
| Fees for services: Accounting | $109,998 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $51,619 |
| Fees for services: Other | $727,635 |
| Advertising and promotion | $120,622 |
| Office expenses | $174,879 |
| Information technology | $243,980 |
| Royalties | $404 |
| Occupancy | $295,294 |
| Travel | $16,609 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,666,025 |
| Interest | $2,654 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $253,153 |
| Insurance | $40,813 |
| All other expenses | $0 |
| Total functional expenses | $8,092,166 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $675,228 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $92,430 |
| 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 | $742,295 |
| Net Land, buildings, and equipment | $1,003,849 |
| Investments—publicly traded securities | $14,525,408 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $233,622 |
| Total assets | $17,272,832 |
| Accounts payable and accrued expenses | $416,057 |
| Grants payable | $0 |
| Deferred revenue | $3,817,085 |
| 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 | $994,380 |
| Total liabilities | $5,227,522 |
| Net assets without donor restrictions | $11,789,663 |
| Net assets with donor restrictions | $255,647 |
| 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 | $17,272,832 |
Grants Awarded
Over the last fiscal year, American Association Of Pharmaceutical Scientists has awarded $19,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Tallahassee, FL PURPOSE: Award | $7,000 |
Kansas City, MO PURPOSE: Award | $6,000 |
UNIVERSITY OF ARKANSAS FOR MEDICAL SCIENCES COLLEGE OF PHARMACY PURPOSE: Award | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American Association Of Pharmaceutical Scientists has recieved totaling $12,374.
| Awarding Organization | Amount |
|---|---|
United States Pharmacopeial Convention Inc Rockville, MD PURPOSE: Annual Dinner | $12,374 |
Endowment Analysis
| Beg. Balance | $226,719 |
| Earnings | $41,207 |
| Admin Expense | $454 |
| Grants | $11,825 |
| Ending Balance | $255,647 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Association Of Colleges Of Pharmacy Arlington, VA | $14,816,007 | $11,822,520 |
American Association Of Pharmaceutical Scientists Arlington, VA | $17,272,832 | $11,114,261 |
American Society For Pharmacology And Experimental Therapeutics Inc Rockville, MD | $33,893,150 | $7,613,751 |
American Society For Clinical Pharmacology & Therapeutics Alexandria, VA | $5,298,284 | $2,105,682 |
American Pharmacists Association Foundation Washington, DC | $7,176,985 | $2,699,027 |
Josephs House Inc Financial Office Washington, DC | $1,561,380 | $1,670,495 |
Brighton Foundation Trust Cashiers, NC | $2,210,753 | $39,151 |
Christian Pharmacists Fellowship International Bristol, TN | $699,298 | $151,079 |
Virginia Pharmaceutical Assoc Research Education Foundation Inc North Chesterfield, VA | $1,278,081 | $50,734 |
Pharmacy Manpower Project Inc Arlington, VA | $104,674 | $0 |
International Society Of Regulatory Toxicology And Pharmacology Washington, DC | $78,418 | $0 |