American Association Of Pharmaceutical Scientists
- Assets
- $13.9m
- Revenue
- $7.5m
- Investments
- $0.0
- Employees
- 36
- Location
- Arlington, VA
- Founding
- 02/1991
- Data as of
- 09/2023
- 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 09/2023, Aaps employed 36 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 09/2023, Aaps generated $7.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $10.3m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 7 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
2023
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 FISCAL YEAR 2023, APPROXIMATELY 4,100 REGISTRANTS ATTENDED OUR 2022 PHARMSCI 360 EVENT IN BOSTON, MA. AAPS ALSO OFFERS E-LEARNING 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 FISCAL YEAR 2023, 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 PHARMSCI 360 CONFERENCE; THE NATIONAL BIOTECHNOLOGY CONFERENCE; AND 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 2023, THERE WERE MORE THAN 3.2 MILLION DOWNLOADS OF JOURNAL CONTENT. IN FISCAL YEAR 2023, AAPS AND ITS PUBLISHER ALSO PUBLISHED 10 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 Morris PHD Executive Director | OfficerTrustee | 37.5 | $450,968 |
Annette Bak PHD MBA Faaps Immediate Past President | OfficerTrustee | 5 | $0 |
Andrew M Vick PHD Immediate Past President-Until 10/22 | OfficerTrustee | 5 | $0 |
Patrick J Sinko PHD Rph President | OfficerTrustee | 5 | $0 |
Gopi Shankar PHD MBA Faaps President-Elect | OfficerTrustee | 5 | $0 |
Tapan Das PHD Treasurer | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Interstate Management Company Llc Aaf D Meeting Convention Center | 9/29/23 | $268,557 |
Marketing General Inc Marketing Services | 9/29/23 | $893,634 |
Freeman Meeting Event Services | 9/29/23 | $1,310,439 |
Cadmium Cd Llc Registration Services | 9/29/23 | $178,368 |
Pennsylvania Convention Center Meeting Convention Center | 9/29/23 | $166,509 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $80,744 |
| All other contributions, gifts, grants, and similar amounts not included above | $691,624 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $772,368 |
| Total Program Service Revenue | $5,877,119 |
| Investment income | $247,854 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $676,221 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$136,652 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,454,874 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $33,053 |
| Grants and other assistance to domestic individuals. | $18,354 |
| Grants and other assistance to Foreign Orgs/Individuals | $19,915 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $984,667 |
| Compensation of current officers, directors, key employees. | $290,288 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,292,138 |
| Pension plan accruals and contributions | $171,876 |
| Other employee benefits | $289,687 |
| Payroll taxes | $220,156 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,402 |
| Fees for services: Accounting | $35,162 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $39,815 |
| Fees for services: Other | $1,133,631 |
| Advertising and promotion | $185,253 |
| Office expenses | $236,908 |
| Information technology | $510,763 |
| Royalties | $0 |
| Occupancy | $292,721 |
| Travel | $261,338 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,143,302 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $127,337 |
| Insurance | $71,530 |
| All other expenses | $0 |
| Total functional expenses | $10,269,294 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $513,259 |
| Savings and temporary cash investments | $2,532,274 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $260,678 |
| 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 | $1,040,088 |
| Net Land, buildings, and equipment | $802,085 |
| Investments—publicly traded securities | $6,736,825 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,019,823 |
| Total assets | $13,905,032 |
| Accounts payable and accrued expenses | $412,105 |
| Grants payable | $0 |
| Deferred revenue | $5,381,312 |
| 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 | $2,549,449 |
| Total liabilities | $8,342,866 |
| Net assets without donor restrictions | $5,299,599 |
| Net assets with donor restrictions | $262,567 |
| 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 | $13,905,032 |
Grants Awarded
Over the last fiscal year, American Association Of Pharmaceutical Scientists has awarded $19,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FLORIDA A&M UNIVERSITY COLLEGE OF PHARMACY PURPOSE: Award | $7,000 |
UNIVERSITY OF ARKANSAS FOR MEDICAL SCIENCES COLLEGE OF PHARMACY PURPOSE: Award | $6,000 |
UNIVERSITY OF MISSOURI AT KANSAS CITY PHARMACY FOUNDATION PURPOSE: Award | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Association Of Colleges Of Pharmacy Arlington, VA | $14,813,125 | $11,309,569 |
American Association Of Pharmaceutical Scientists Arlington, VA | $13,905,032 | $7,454,874 |
American Pharmacists Association Foundation Washington, DC | $11,510,448 | $7,611,110 |
American Society For Pharmacology And Experimental Therapeutics Inc Rockville, MD | $29,344,018 | $4,463,274 |
American Society For Clinical Pharmacology & Therapeutics Alexandria, VA | $6,502,007 | $3,625,776 |
Josephs House Inc Financial Office Washington, DC | $1,600,096 | $1,682,667 |
Christian Pharmacists Fellowship International Bristol, TN | $1,123,356 | $460,501 |
Brighton Foundation Trust Cashiers, NC | $2,124,564 | $71,802 |
Virginia Pharmaceutical Assoc Research Education Foundation Inc North Chesterfield, VA | $1,256,509 | $60,077 |
Pharmacy Manpower Project Inc Arlington, VA | $86,101 | $0 |
International Society Of Regulatory Toxicology And Pharmacology Washington, DC | $78,418 | $0 |