American College Of Apothecaries Research & Education Foundation In
- Assets
- $858.6k
- Revenue
- $202.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 11/1984
- Data as of
- 12/2021
- EIN
- 58-1395320
Organization Overview
American College Of Apothecaries Research & Education Foundation In is located in Memphis, TN. The organization was established in 1984. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American College Of Apothecaries Research & Education Foundation In 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 College Of Apothecaries Research & Education Foundation In generated $202.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $129.9k during the year ending 12/2021. While expenses have increased by 2.2% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION SERVES A THRE-FOLD PURPOSE: (1)TO PROMOTE THE PUBLIC WEFARE THROUGH DEVELOPMENT OF QUALITY SERVICES IN INSTITUTIONS PROVIDING HEALTH CARE; (2) TO ENCOURAGE AND CONDUCT RESEARCH TO IMPROVE HEALTH CARE PROVIDED TO THE PUBLIC; (3)TO ENCOURAGE HEALTH CARE PRACTITIONERS TO IMPROVE THE QUALITY AND AVAILABILITY OF SERVICES TO THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
THE FOUNDATON MAINTAINS A RESOURCE CENTER, WHICH SERVES AS INFORMATION FOR PHARMACISTS AND CONDUTCS TREAINING PROGRAMS IN A VARIETY OF RELATED FIELDS. THE FOUNDATION ALOSO AWARDS TO SELECTED INDIVIDUALS WHO ARE CONDUCTING APPROPRIATE RESEARCH ON PHARMACEUTICAL AND HEALTH CARE ISSUES AND SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dixie Leikach President | OfficerTrustee | 1 | $0 |
David Stahlberger Treasurer | OfficerTrustee | 1 | $0 |
Dana Easton Director Of Finance | Officer | 15 | $0 |
Terry Bondurant Secretary | Officer | 40 | $0 |
Randy Car Director | Trustee | 0 | $0 |
Calvin Freedman Director | Trustee | 0 | $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 | $130,340 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $130,340 |
| Total Program Service Revenue | $29,600 |
| Investment income | $35,346 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $202,486 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $3,333 |
| Fees for services: Accounting | $2,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,798 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,500 |
| Office expenses | $0 |
| Information technology | $888 |
| Royalties | $0 |
| Occupancy | $4,912 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,091 |
| Interest | $6,712 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,664 |
| Insurance | $7,014 |
| All other expenses | $86,020 |
| Total functional expenses | $129,882 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,549 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $131,960 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $227,045 |
| Investments—publicly traded securities | $327,813 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $43,220 |
| Total assets | $858,587 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $1,397 |
| 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 | $115,163 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $116,560 |
| Net assets without donor restrictions | $382,171 |
| Net assets with donor restrictions | $359,856 |
| 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 | $858,587 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American College Of Apothecaries Research & Education Foundation In has recieved totaling $50.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Congress Of Rehabilitation Medicine Reston, VA | $2,004,694 | $3,907,420 |
American Board Of Nuclear Medicine Inc St Louis, MO | $4,831,116 | $1,105,690 |
Arkansas State Dental Association Sherwood, AR | $1,753,738 | $524,258 |
American Academy Of Clinical Toxicology Mclean, VA | $968,910 | $469,498 |
American Association Of Clinical Anatomists Inc Lagrange, GA | $1,011,793 | $341,028 |
Southeastern Society Of Pedodontists Richmond, VA | $795,492 | $308,759 |
American Academy Of Audiology Foundation Reston, VA | $968,349 | $147,081 |
American College Of Apothecaries Research & Education Foundation In Memphis, TN | $858,587 | $202,486 |
Springfield Dental Foundation Springfield, MO | $28,807 | $0 |
Virginia Society Of Ornithology Williamsburg, VA | $610,989 | $474,390 |