2011-11-10T12:18:22-06:00 2010-12-31 TATE AND TRYON 2021 L STREET NW SUITE 400 WASHINGTON DC 20036 990 2010-01-01 526039142 AMERICAN PHARMACISTS ASSOCIATION FOUNDATION AMER 2026284410 2215 CONSTITUTION AVE NW WASHINGTON DC 20037 MINDY D SMITH 2026284410 2011-11-10 1 DEBORAH G KOSNETT 2022932200 2010 2016-03-07 17:11:31Z APHA FOUNDATION MINDY D SMITH 2215 CONSTITUTION AVE NW WASHINGTON DC 20037 2161100 0 X WWW.APHAFOUNDATION.ORG X 1953 DC TO ADVANCE THE SCIENCE OF PHARMACY AND PHARMACEUTICAL EDUCATION, FOR STUDY AND RESEARCH, AND FOR THE PROMOTION OF PUBLIC HEALTH. 9 8 0 50 0 0 1042936 1562291 66156 161345 -125528 65784 0 0 983564 1789420 55555 55205 0 0 805061 636594 0 0 137361 1613772 875415 2474388 1567214 -1490824 222206 6521005 8319380 710643 2163208 5810362 6156172 X THE AMERICAN PHARMACISTS ASSOCIATION FOUNDATION WAS CREATED IN 1953 TO ACCEPT BEQUESTS AND GIFTS FROM VARIOUS SOURCES TO BE USED FOR THE ADVANCEMENT OF THE SCIENCE OF PHARMACY AND PHARMACEUTICAL EDUCATION, FOR STUDY AND RESEARCH, FOR THE PUBLICATION OF SCIENTIFIC INFORMATION, AND FOR THE IMPROVEMENT AND PROMOTION OF PUBLIC HEALTH THROUGH THE DISSEMINATION OF INFORMATION. 0 0 570124 14000 161345 SCIENCE AND RESEARCH - TO FOSTER RESEARCH THAT ESTABLISHES NEW MODELS OF PRACTICE FOR PHARMACISTS AND REDEFINES PATIENT CARE IN PHARMACY PRACTICE. THE FOUNDATION RESEARCH PROJECTS INCLUDE DIABETES TEN CITY CHALLENGE, PROJECT IMPACT: DIABETES, PROJECT IMPACT: HYPERTENSION, AND PATIENT SELF MANAGEMENT PROGRAM : DIABETES. 125571 41205 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 SCHOLARSHIP PROGRAM - RECOGNIZES STUDENTS WHO HELP SHAPE THE FUTURE OF THE PROFESSION. 33906 LIBRARY AND ARCHIVES- - TO MAINTAIN AN INFORMATION RESOURCES CENTER FOR THE PROFESSION AND THE PUBLIC TO USE FOR THE ADVANCEMENT OF PHARMACY RESEARCH AND SCIENCE. 729601 1 1 0 0 0 0 1 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 19 0 1 0 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 1 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X JOSEPH JANELA 2026284410 2215 CONSTITUTION AVE NW WASHINGTON DC 20037 WENDY FRIEDIG 2.00 X 0 0 0 ADELE PIETRANTONI 2.00 X 0 0 0 MARK CZIRAKY 2.00 X 0 0 0 DAN LUCE 2.00 X 0 0 0 DAVID SCHULKE 2.00 X 0 0 0 DENNIS HELLING 2.00 X X 0 0 0 LAURA GORDON 2.00 X X 0 0 0 EUGENE LUTZ 2.00 X X 0 0 0 THOMAS MENIGHAN 2.00 X X 0 479765 29221 WILLIAM ELLIS 40.00 X 161725 0 18553 ELIZABETH KEYES 5.00 X 5000 213910 26213 BENJAMIN BLUML 40.00 X 147065 0 23782 313790 693675 97769 2 0 1 0 INNOVATION FOCUS 11 EAST CHESTNUT STREET LANCASTER PA 17062 CONSULTING SERVICES 150000 1 1562291 1562291 CONSULTING SERVICES 900099 161345 161345 161345 52635 52635 384829 371680 13149 13149 13149 1789420 161345 0 65784 55205 55205 353928 131919 209935 12074 195975 12825 160398 22752 4068 -1910 4931 1047 50646 6197 41168 3281 31977 8057 21798 2122 16046 16046 25955 6540 19415 14590 14590 357751 289309 35981 32461 100582 54862 20834 24886 -49801 -49801 597 597 55828 24494 26777 4557 52837 34927 6015 11895 76366 76366 10991 9743 1248 OVERHEAD 98068 3167 94901 0 BAD DEBT EXPENSE 66095 -2376 30 68441 DUES AND SUBSCRIPTIONS 30187 30187 0 0 OTHER EXPENSE 15002 -2351 15473 1880 PROFESSIONAL DUES AND S 4015 2183 1314 518 306 306 1567214 729601 700252 137361 67355 3041906 4139557 1837430 1461436 13529 166604 1012 1012 377424 353011 100780 24413 1458993 2209530 0 316828 6521005 8319380 126101 96180 146039 2067028 438503 0 710643 2163208 X 2097856 2958553 3416206 2651319 296300 546300 5810362 6156172 6521005 8319380 X 222206 123604 X X 0 1 1 X 0 X 1646823 4850947 1612684 1042936 1562291 10715681 1646823 4850947 1612684 1042936 1562291 10715681 5073200 5642481 227070 277475 237503 76280 52635 870963 11586644 0.48700 0.46060 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 330134 250000 43691 2001 621824 326744 4790 1400 330134 442008 831 -111596 4500 326743 0.00000 0.88000 0.12000 0 0 377424 353011 24413 24413 1789420 1567214 222206 123604 123604 345810 1898434 123604 123604 1774830 14590 14590 1789420 1552624 0 1552624 14590 14590 1567214 PART III, LINE 1A: THE FOUNDATION ACQUIRED AN ART COLLECTION WITH AN APPRAISED VALUE OF APPROXIMATELY $1,300,000 THROUGH A DONOR CONTRIBUTION IN A PRIOR YEAR. THE COLLECTION WAS RECEIVED WITH A PERMANENT DONOR RESTRICTION THAT THE COLLECTION CANNOT AND SHOULD NOT BE SOLD. IN 2009, THE FOUNDATION COMMISSIONED TWO BRONZE SCULPTURES WHICH DEPICT THE ROLES OF PHARMACISTS. THE COST TO CREATE THESE SCULPTURES WAS APPROXIMATELY $120,000. THE FOUNDATION'S COLLECTIONS ARE HELD FOR PUBLIC EXHIBITION, ARE CARED FOR AND PRESERVED, AND PROCEEDS FROM DE-ACCESSIONS OR INSURANCE RECOVERIES FOR LOST OR DAMAGED COLLECTION ITEMS ARE DESIGNATED FOR FUTURE COLLECTION ACQUISITIONS. UNDER AUTHORITATIVE GUIDANCE ISSUED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB), THE FOUNDATION HAS THE OPTION OR NOT CAPITALIZING ITS COLLECTIONS. THE FOUNDATION HAS ELECTED NOT TO CAPITALIZE ITS COLLECTIONS, AND ACCORDINGLY, THESE COLLECTIONS ARE NOT RECOGNIZED AS ASSETS IN THE ACCOMPANYING STATEMENTS OF FINANCIAL POSITION. PURCHASE OF COLLECTION ITEMS ARE RECOGNIZED AS REDUCTION IN UNRESTRICTED NET ASSETS IN THE PERIOD OF ACQUISITION. PART III, LINE 4: THE ART COLLECTION, TITLED "GREAT MOMENTS IN PHARMACY," PROVIDES A PICTORIAL HISTORY OF PHARMACY FROM EARLY CIVILIZATION UNTIL THE 1950'S THROUGH A SERIES OF 40 PAINTINGS PAINTED BY THE ARTIST ROBERT THOM. THE FOUNDATION'S ARTICLES OF INCORPORATION STATE THAT "THE PARTICULAR BUSINESS AND OBJECTS OF SAID CORPORATION SHALL BE TO RECEIVE GIFTS, BEQUESTS AND DEVICES OR PROPERTY AND OTHERWISE TO ACQUIRE PROPERTY, REAL AND PERSONAL, OF WHATSOEVER NATURE AND WHERESOEVER THE SAME MAY BE SITUATE TO BE USED EXCLUSIVELY FOR THE ADVANCEMENT OF THE SCIENCE OF PHARMACY AND PHARMACEUTICAL EDUCATION...". THE DISPLAY OF THIS COLLECTION FURTHERS THE FOUNDATION'S EDUCATIONAL PURPOSES AS IT IS AVAILABLE TO ALL VISITORS TO THE BUILDINGS. REPRODUCTION RIGHTS TO THE IMAGES HAVE BEEN GRANTED FOR USE IN TEXT BOOKS AND OTHER SCHOLARLY BOOKS. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE FOUNDATION'S PERMANENTLY RESTRICTED NET ASSETS ARE USED TO GENERATE REVENUE TO SUPPORT THE ONGOING MANAGEMENT AND ADMINISTRATION OF THESE PROGRAMS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE FOUNDATION BELIEVES THAT IS HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND THEREFORE, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE FOUNDATION BELIEVES IT IS NO LONGER SUBJECT TO FEDERAL, STATE, AND LOCAL INCOME TAX EXAMINATIONS BY TAXING AUTHORITIES FOR TAX YEARS BEGINNING BEFORE 2007. 1 HONORARIA AND AWARDS 24 19000 FMV INCENTIVE GRANTS 21 26240 FMV SCHOLARSHIPS 10 9965 FMV PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: SCHOLARSHIPS AND/OR GRANTS ARE AWARDED BASED ON MERIT. APPLICATIONS ARE APPROVED BY THE BOARD OF DIRECTORS. X X X 0 0 0 0 0 0 0 0 0 THOMAS MENIGHAN 0 446827 0 22909 0 10029 0 19600 0 13652 0 513017 0 0 WILLIAM ELLIS 161367 0 0 0 358 0 13176 0 7117 0 182018 0 0 0 ELIZABETH KEYES 5000 190572 0 22909 0 429 0 14064 0 14207 5000 242181 0 0 BENJAMIN BLUML 146645 0 0 0 420 0 11710 0 12780 0 171555 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 THE FOUNDATIONS BYLAWS WERE REVISED TO: -- TO STIPULATE THAT 7 OF THE DIRECTORS MUST BE ELECTED PHARMACISTS AND 2 MUST BE APPOINTED NON-PHARMACISTS. -- TO CHANGE THE METHOD OF ELECTING DIRECTORS: THE FOUNDATION'S MEMBERS, RATHER THAN THE BOARD OF DIRECTORS, SHALL ELECT NEW DIRECTORS. THE BOARD OF DIRECTORS WILL CONTINUE TO APPOINT THE NON-ELECTED DIRECTORS. -- TO MAKE MINOR CHANGES IN THE METHOD OF FILLING BOARD VACANCIES. -- TO ALLOW FOR ELECTRONIC VOTING. -- TO ELIMINATE THE POWERS OF THE BOARD OF DIRECTORS WITH REGARD TO INSERTION OF MOST PROPOSED BYLAWS AMENDMENTS, IN BETWEEN MEMBER MEETINGS. FORM 990, PART VI, SECTION A, LINE 6 A DONOR MAY BECOME A MEMBER OF THE FOUNDATION BY MAKING A $25 CONTRIBUTION. FORM 990, PART VI, SECTION B, LINE 11 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED AND SIGNED BY ALL THE BOARD OF DIRECTORS ANNUALLY. THE FOUNDATION EXECUTIVE DIRECTOR REVIEWS ANY BUSINESS TRANSACTIONS (COMPENSATION/SERVICES RENDERED) WITH BOARD MEMBERS AND THIS INFORMATION, IF ANY, IS DISCLOSED TO THE FOUNDATION'S LEGAL COUNSEL. LEGAL COUNSEL DISCLOSES THIS INFORMATION DURING THE EXECUTIVE SESSION REVIEW OF THE BOARD OF DIRECTORS MEETINGS. FORM 990, PART VI, SECTION B, LINE 15A TOP MANAGEMENT OFFICIAL: THE FOUNDATION BOARD OF DIRECTORS APPROVES THE TOP MANAGEMENT OFFICIAL'S EMPLOYMENT CONTRACT. THE COMPENSATION IN THE EMPLOYMENT CONTRACT WAS DETERMINED THROUGH COMPARABILITY ANALYSIS CONDUCTED BY AN INDEPENDENT CONSULTANT. OTHER OFFICERS AND KEY EMPLOYEES: COMPENSATION IS DETERMINED THROUGH A YEARLY COMPARABILITY ANALYSIS CONDUCTED BY AN INDEPENDENT CONSULTANT (OR IN THOSE INSTANCES WHEN VACANCIES OCCUR). COMPENSATION INCREASES ARE APPROVED BY THE FOUNDATION CEO. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS ARTICLES OF INCORPORATION, BYLAWS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 123,604. FORM 990, PART XI, LINE 2C OVERSIGHT OF AUDIT HAS NOT CHANGED FROM PRIOR YEAR.