Arkanasas Pharmacist Association
- Assets
- $3.3m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 8
- Location
- Little Rock, AR
- Founding
- 09/1944
- Data as of
- 12/2019
- EIN
- 71-0005345
Organization Overview
Arkanasas Pharmacist Association is located in Little Rock, AR. The organization was established in 1944. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2018, Arkanasas Pharmacist Association employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arkanasas Pharmacist Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2019, Arkanasas Pharmacist Association generated $1.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $1.1m during the year ending 12/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
APA STRIVES TO FURTHER THE PROFESSIONAL ADVANCEMENT OF PHARMACISTS, ADVOCATE THE VALUE OF PHARMACY, SAFEGUARD THE HEALTH & WELL-BEING OF EVERY ARKANSAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVING THE NEEDS OF APPROXIMATELY 2300 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Scott Pace Executive Director & COO | Officer | 40 | $142,045 |
Richard Hanry Treasurer | OfficerTrustee | 2 | $0 |
Dean Watts President-Elect | OfficerTrustee | 2 | $0 |
Lynn Crouse Past President | OfficerTrustee | 2 | $0 |
Stephen Carroll President | OfficerTrustee | 4 | $0 |
Kristen Riddle Vice President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $167,672 |
| Investment income | $451,515 |
| 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 | $1,550,084 |
| Statement of Expenses | |
|---|---|
| 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. | $160,469 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $279,780 |
| Pension plan accruals and contributions | $19,750 |
| Other employee benefits | $51,339 |
| Payroll taxes | $42,756 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37,483 |
| Fees for services: Accounting | $16,985 |
| Fees for services: Lobbying | $61,990 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,512 |
| Fees for services: Other | $74,304 |
| Advertising and promotion | $0 |
| Office expenses | $68,302 |
| Information technology | $3,142 |
| Royalties | $0 |
| Occupancy | $39,528 |
| Travel | $4,552 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $160,452 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,287 |
| Insurance | $6,087 |
| All other expenses | $0 |
| Total functional expenses | $1,078,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $236,358 |
| Savings and temporary cash investments | $320,274 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $2,496,424 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $375 |
| Total assets | $3,269,988 |
| Accounts payable and accrued expenses | $13,149 |
| 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 | $86,993 |
| Total liabilities | $100,142 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $3,169,846 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Arkanasas Pharmacist Association has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Petit Jean Youth Foundation Inc Morrilton, AR PURPOSE: PROGRAM SERVICES | $20,000 |
Petit Jean Youth Foundation Inc Morrilton, AR PURPOSE: PROGRAM SERVICES | $20,000 |
National Community Pharmacists Association Alexandria, VA PURPOSE: SPONSORSHIP | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Circuit Events Local Organizing Committee Austin, TX | $5,758,250 | $14,482,431 |
American Productivity & Quality Center Inc Houston, TX | $30,940,165 | $18,224,607 |
Dallas Tourism Public Improvement District Corporation Dallas, TX | $29,263,170 | $10,147,188 |
Better Business Bureau Of North Central Texas Inc Dallas, TX | $3,812,795 | $6,541,958 |
Arkansas Capital Corporation Little Rock, AR | $35,717,433 | $8,371,701 |
Open Compute Project Foundation Austin, TX | $5,357,330 | $7,132,647 |
San Antonio Tourism Public Improvement District Corporation San Antonio, TX | $8,579,205 | $6,386,484 |
William A Lawson Institute For Peace & Prosperity Houston, TX | $12,461,470 | $3,692,985 |
Dottie System Inc Baton Rouge, LA | $4,069,603 | $4,084,315 |
Oklahoma Alliance For Manufacturing Excellence Inc Tulsa, OK | $2,792,871 | $3,651,596 |
Better Business Bureau Of Nashville Middle Tennessee Inc Nashville, TN | $1,542,443 | $3,414,512 |
La Fe Preparatory School Inc El Paso, TX | $1,712,513 | $2,611,735 |