Virginia Pharmaceutical Assoc Research Education Foundation Inc
- Assets
- $1.3m
- Revenue
- $60.1k
- Investments
- $0.0
- Employees
- 0
- Location
- North Chesterfield, VA
- Founding
- 08/1981
- Data as of
- 04/2023
- EIN
- 54-1142544
Organization Overview
Virginia Pharmaceutical Assoc Research Education Foundation Inc is located in North Chesterfield, VA. The organization was established in 1981. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Pharmaceutical Assoc Research Education Foundation Inc 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 04/2023, Virginia Pharmaceutical Assoc Research Education Foundation Inc generated $60.1k 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 (3.8%) each year. All expenses for the organization totaled $74.7k during the year ending 04/2023. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 7 years. 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
TO PROMOTE THE HEALTH AND WELLNESS THROUGH DEVELOPMENT OF PHARMACIST- PROVIDED PATIENT CARE SERVICES; AND TO ENCOURAGE, PROVIDE FOR AND ENGAGE IN RESEARCH, EDUCATION AND THE ADVANCEMENT OF THE PROFESSION OF PHARMACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PHARMACY CARE - SUPPORTS PROGRAMS RELATED TO RESEARCH, EDUCATION AND IMPLEMENTATION OF PHARMACEUTICAL CARE WITHIN THE COMMUNITY PRACTICE OF PHARMACY. INCLUDED IN ITS PROGRAMS ARE OFFERINGS OF IMMUNIZATION AND CPR CLASSES.
THE MORGAN INSTITUTE PROVIDES EDUCATION AND INFORMATION TO CITIZENS, PUBLIC OFFICIALS AND PHARMACY PROFESSIONALS ON TOPICS RELATED TO HEALTHCARE, PUBLIC SERVICE AND ADVOCACY. THE PBM FUND PROVIDES EDUCATION TO PHARMACISTS AND THE PUBLIC ABOUT PHARMACY BENEFIT MANAGER PROGRAMS. SPEAKERS - PROVIDED ANNUAL LECTURES ON PHARMACY ISSUES TO PHARMACISTS. JOHN C SHILAN MEMORIAL FUND ESTABLISHED TO ADMINISTER AWARDS TO SELECTED YOUNG PHARMACISTS WHO HAVE DEMONSTRATED AN INTEREST IN ADDED CREDENTIALS THAT WILL ENABLE THEM TO PROVIDE SPECIALIZED PATIENT CARE SERVICES BASED ON ADDITIONAL KNOWLEDGE AND SKILL. RPHA SCHOLARSHIP - PROVIDES SCOLARSHIPS TO PHARMACY STUDENTS. ADDINGTON FUND - ADVANCES THE ENTREPRENEURIAL SPIRIT OF COMMUNITY PHARMACY. AIP - PROVIDES EDUCATION TO PHARMACY STUDENTS APPLICABLE TO SUCCESSFUL PHARMACY OPERATION. STUDENT LOANS - PROVIDE LOANS TO PHARMACY STUDENTS BASED ON NEED. PHARMACY AWARDS - PROVIDES FUNDING THROUGH AWARDS TO STUDEN PHARMACISTS TO ENCOURAGE AND REWARD PHARMACY EDUCATION ACHIEVEMENTS.
UNRESTRICTED FUND - ENABLES COLLABORATION IN PUBLIC HEALTH INITIATIVES
PHARMACY AID - PROVIDE EDUCATIONAL ASSISTANCE TO IMPAIRED MEMBERS OF THE PHARMACY COMMUNITY AND THEIR FAMILIES THROUGH TREATMENT AND RECOVERY AND BACK INTO THE PRACTICE OF PHARMACY. ADDITIONALLY, THE FUND PROVIDES EDUCATIONAL PROGRAMS TO PHARMACISTS, PHARMACY TECHNICIANS AND PHARMACY STUDENTS REGARDING PRESCRIPTION DRUG ABUSE RISKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Thomas President | OfficerTrustee | $0 | |
S Rutherfoord Rose Trustee | Trustee | $0 | |
Christina Barrille Secretary | OfficerTrustee | $0 | |
Al Schalow Jr Trustee | Trustee | $0 | |
Ralph Small Trustee | Trustee | $0 | |
Johnny Moore Trustee | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $34,355 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,355 |
| Total Program Service Revenue | $28,859 |
| Investment income | $12,395 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$10,503 |
| Net Gain/Loss on Asset Sales | -$8,630 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $60,077 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,545 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $978 |
| Fees for services: Accounting | $7,760 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,015 |
| Fees for services: Other | $0 |
| Advertising and promotion | $500 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $5,474 |
| Total functional expenses | $74,733 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,875 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $785 |
| 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 | $1,286 |
| Net Land, buildings, and equipment | $490,506 |
| Investments—publicly traded securities | $644,057 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,256,509 |
| Accounts payable and accrued expenses | $8,661 |
| Grants payable | $0 |
| 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 | $8,661 |
| Net assets without donor restrictions | $1,113,473 |
| Net assets with donor restrictions | $134,375 |
| 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 | $1,256,509 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |