American Foundation For Pharmaceutical Education
- Assets
- $12.2m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 2
- Location
- Fairfax, VA
- Founding
- 01/1943
- Data as of
- 12/2021
- EIN
- 53-0214882
Organization Overview
American Foundation For Pharmaceutical Education is located in Fairfax, VA. The organization was established in 1943. As of 12/2021, American Foundation For Pharmaceutical Education employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Foundation For Pharmaceutical Education 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 12/2021, American Foundation For Pharmaceutical Education generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $771.3k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCE & SUPPORT PHARMACEUTICAL SCIENCES EDUCATION AT U.S. SCHOOLS AND COLLEGES OF PHARMACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRE-DOCTORAL FELLOWSHIP: TO ENCOURAGE OUTSTANDING PRE-DOCTORAL STUDENTS, WHO HAVE COMPLETED AT LEAST THREE SEMESTERS OF GRADUATE STUDY AND HAVE NOT MORE THAN THREE AND A HALF YEARS REMAINING, TO CONTINUE THEIR STUDIES AND EARN THE PH.D. IN THE PHARMACEUTICAL SCIENCES AT A U.S. SCHOOL OR COLLEGE OF PHARMACY. APPLICATIONS ARE ENCOURAGED FROM STUDENTS WITH THE FOLLOWING MAJORS: CLINICAL PHARMACEUTICAL SCIENCE, MEDICINAL/PHARMACEUTICAL CHEMISTRY, PHARMACEUTICAL SCIENCES, PHARMACEUTICS, PHARMACOECONOMICS & HEALTH OUTCOMES RESEARCH, PHARMACOGNOSY, PHARMACOKINETICS/METABOLISM, PHARMACOLOGY/TOXICOLOGY, PHARMACOTHERAPY & EXPERIMENTAL THERAPEUTICS, SOCIAL & ADMINISTRATIVE, PHARMACOGENOMICS/INFORMATICS AND BIOMEDICAL/NEURAL. SEE SCHEDULE O FOR CONTINUATION.
AFPE GATEWAY TO RESEARCH AWARDS: THE PURPOSE OF THE AFPE GATEWAY RESEARCH SCHOLARSHIP IS TO PROVIDE PRE-PROFESSIONAL DEGREE PHARMACY STUDENTS OR BACCALAUREATE DEGREE STUDENTS A SCHOLARSHIP SUPPORTING THEIR PARTICIPATION IN A FACULTY-MENTORED RESEARCH PROJECT. THE PROGRAM TEACHES STUDENTS TO LEARN TO IDENTIFY RELEVANT RESEARCH PROBLEMS; GENERATE A RESEARCH HYPOTHESIS; ANALYZE DATA, HOW TO INTERPRET AND USE RESEARCH RESULTS IN PRACTICE; LEARN TO EFFECTIVELY COMMUNICATE THE RESEARCH AND CLINICAL DATA TO MEDICAL PROFESSIONALS, PATIENTS, CAREGIVERS AND PEERS; DEVELOP PROBLEM SOLVING SKILLS; SHARPEN CRITICAL THINKING SKILLS; UNDERSTAND REGULATORY AND ETHICAL PRINCIPLES THAT IMPACT THE RESEARCH; AND WORK AS PART OF A TEAM. SEE SCHEDULE O FOR CONTINUATION.
FIRST-YEAR GRADUATE SCHOOL FELLOWSHIP: TO ENCOURAGE KAPPA EPSILON, PHI LAMBDA, AND RHO CHI MEMBERS TO PURSUE AN ADVANCED DEGREE IN A COLLEGE OF PHARMACY GRADUATE PROGRAM IN THE PHARMACEUTICAL SCIENCES.SEE SCHEDULE O FOR CONTINUATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellen L Woods President And Secretary | OfficerTrustee | 40 | $229,900 |
Michael Fauerbach Vice Chair | OfficerTrustee | 1 | $0 |
Calvin Knowlton Chair | OfficerTrustee | 1 | $0 |
John Couric Jr Treasurer | OfficerTrustee | 1 | $0 |
John Bentley Member | Trustee | 1 | $0 |
Karl Williams General Counsel | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $45,182 |
| All other contributions, gifts, grants, and similar amounts not included above | $371,628 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $416,810 |
| Total Program Service Revenue | $0 |
| Investment income | $238,181 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $425,190 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,084,776 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,000 |
| Grants and other assistance to domestic individuals. | $227,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $279,529 |
| Compensation of current officers, directors, key employees. | $18,690 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $73,842 |
| Pension plan accruals and contributions | $7,150 |
| Other employee benefits | $4,860 |
| Payroll taxes | $14,698 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $246 |
| Fees for services: Accounting | $13,539 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $50,056 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10,635 |
| Information technology | $15,049 |
| Royalties | $0 |
| Occupancy | $12,119 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $345 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $580 |
| Insurance | $2,070 |
| All other expenses | $9,042 |
| Total functional expenses | $771,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $246,205 |
| Savings and temporary cash investments | $50,959 |
| Pledges and grants receivable | $23,309 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,151 |
| Investments—publicly traded securities | $11,850,443 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,172,067 |
| Accounts payable and accrued expenses | $13,558 |
| Grants payable | $115,000 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $128,558 |
| Net assets without donor restrictions | $10,276,645 |
| Net assets with donor restrictions | $1,766,864 |
| 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 | $12,172,067 |
Grants Awarded
Over the last fiscal year, American Foundation For Pharmaceutical Education has awarded $50,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF IOWA PURPOSE: Homeopathy Grant | $30,000 |
Arlington, VA PURPOSE: Scholarship of Teaching and Learning (SOTL) Grant | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that American Foundation For Pharmaceutical Education has recieved totaling $58,525.
| Awarding Organization | Amount |
|---|---|
United States Pharmacopeial Convention Inc Rockville, MD PURPOSE: 2021 INNOVATIONS IN REG SCIENCE SPONSORSHIP | $15,000 |
American Pharmacists Association Washington, DC PURPOSE: FELLOWSHIP AWARD | $11,000 |
Pharmaceutical Research And Manufacturers Of America Fnd Inc Washington, DC PURPOSE: AFPE Pre doctoral fellowship | $11,000 |
American Society Of Health-System Pharmacists Research And Education Bethesda, MD PURPOSE: THE PURPOSE OF THE GRANT WAS 2021 SPONSORSHIP | $10,000 |
Association For Accessible Medicines Washington, DC PURPOSE: GENERAL CONTRIBUTION | $10,000 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $1,525 |
Endowment Analysis
| Beg. Balance | $5,572,308 |
| Earnings | $679,883 |
| Grants | $125,000 |
| Ending Balance | $6,127,191 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Unc Eshelman School Of Pharmacy Foundation Chapel Hill, NC | $75,903,052 | $1,667,474 |
Association Of Schools And Colleges Of Optometry Inc Rockville, MD | $10,188,844 | $3,105,165 |
Washington School Of Psychiatry Washington, DC | $1,374,504 | $923,839 |
American Foundation For Pharmaceutical Education Fairfax, VA | $12,172,067 | $1,084,776 |
Veterinary Bookstore Of Tennessee College Of Veterinary Medicine Knoxville, TN | $40,575 | $0 |