American Pharmacists Association Foundation

Organization Overview

American Pharmacists Association Foundation, operating under the name Apha Foundation, is located in Washington, DC. The organization was established in 1961. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Apha 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, Apha Foundation generated $7.6m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 24.0% each year . All expenses for the organization totaled $6.4m during the year ending 12/2023. While expenses have increased by 12.7% per year over the past 9 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE APHA FOUNDATION IS TO IMPROVE HEALTH BY INSPIRING PHILANTHROPY, RESEARCH AND INNOVATION THAT ADVANCES PHARMACISTS' PATIENT CARE SERVICES. THE APHA FOUNDATION LOOKS TO CREATE A NEW MEDICATION USE SYSTEM WHERE PATIENTS, PHARMACISTS, PHYSICIANS AND OTHER HEALTH CARE PROFESSIONALS COLLABORATE TO DRAMATICALLY IMPROVE THE COST EFFECTIVENESS AND QUALITY OF PATIENT HEALTH OUTCOMES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCIENCE AND RESEARCH - OUR RESEARCH PROJECTS ESTABLISH NEW MODELS OF PRACTICE FOR PHARMACISTS AND REDEFINE PATIENTS HEALTHCARE EXPERIENCE. WE CONNECT EACH PATIENT TO A PHARMACIST WHO EMPOWERS THEM TO BECOME SUCCESSFUL IN MANAGING HIS OR HER OWN HEALTH. OUR WORK VALIDATED THAT THE PHARMACISTS ARE ESSENTIAL TO HELPING PATIENTS ACHIEVE BETTER HEALTH OUTCOMES. THE FOUNDATION RESEARCH PROJECTS INCLUDE IMMUNIZATION REGISTRIES, DIABETES PATIENT CREDENTIALING, DIABETES PREVENTION, RAPID CYCLE INNOVATION, TRIGLYCERIDES AWARENESS AND IMPACT INSTITUTE.


AWARDS AND GRANTS - TO ENCOURAGE THE ENHANCEMENT OF PHARMACISTS SKILLS AND TO PROVIDE BETTER SERVICE TO THE PUBLIC IN THE AREA OF PHARMACEUTICAL CARE. THE FOUNDATION HAS THREE AWARD PROGRAMS: 1. INCENTIVE GRANTS - PROVIDES SEED FUNDING TO PHARMACISTS WHO WANT TO ESTABLISH OR SUPPORT ALREADY EXISTING PATIENT CARE SERVICES WITHIN THEIR PHARMACY PRACTICE.2. PINNACLE AWARDS - ANNUAL RECOGNITION PROGRAM FOR CONTRIBUTIONS TO HEALTHCARE QUALITY THROUGH THE MEDICATION USE PROCESS.3. STUDENT PHARMACISTS PROGRAM - RECOGNIZES STUDENTS WHO HELP SHAPE THE FUTURE OF THE PROFESSION.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Charles Cates Red Ruby Networks
Consulting
$350,000
Infinitera Inc
Technology Development Consulting
$238,171
Canton And Company Llc
Consulting
$304,408
Nicole Scovis Dba Clinical Pharmacy Inno
Consulting
$184,778
Mission Based Media Ltd
Media Production
$102,000
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$693,942
Government grants $1,654,611
All other contributions, gifts, grants, and similar amounts not included above$5,055,953
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$7,404,506
Total Program Service Revenue$0
Investment income $193,523
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $3,692
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,611,110

Grants Awarded

Over the last fiscal year, American Pharmacists Association Foundation has awarded $72,500 in support to 8 organizations.

Grant RecipientAmount

CHENEY OWL PHARMACY INC

PURPOSE: PROGRAM SUPPORT

$7,500

EL RIO SANTA CRUZ NHC INC

PURPOSE: PROGRAM SUPPORT

$12,000

KELLEY-ROSS & ASSOCIATES INC

PURPOSE: PROGRAM SUPPORT

$7,500

KIRK'S PHARMACY

PURPOSE: PROGRAM SUPPORT

$7,500

QUALITY FOOD CENTERS

PURPOSE: PROGRAM SUPPORT

$15,000

RELIANTRX

PURPOSE: PROGRAM SUPPORT

$7,500
View Grant Profile

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