KENTUCKY PHARMACY EDUCATION & RESEARCH FOUNDATION INC

EIN: 311012133 501(c)(3)

FRANKFORT, KY

Total Revenue
$8,274,535
Total Expenses
$7,939,808
Total Assets
$1,858,154
Net Assets
$1,165,317
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
KY
Principal Officer
BEN MUDD
Phone
5022227230
Tax Period
2024-01-01 to 2024-12-31

KENTUCKY PHARMACY EDUCATION & RESEARCH FOUNDATION INC, founded in 1980, is a community nonprofit that reported $8.3M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $7.9M left a modest 4% surplus.

Mission

THE KENTUCKY PHARMACISTS EDUCATION & RESEARCH FOUNDATION'S MISSION IS TO ADVANCE THE PHARMACY PROFESSION BY NETWORKING OPPORTUNITIES, PROVIDING EDUCATIONAL ACCREDIDATION AND CONTINUING EDUCATION OPPORTUNITIES FOR KENTUCKY PHARMACISTS TO MEET THEIR ANNUAL CE LICENSE REQUIREMENTS WHICH ARE MANDATED BY THE COMMONWEALTH OF KENTUCKY.

Program Service Accomplishments

Program 1
Expenses: $31,584 Revenue: $37,728

THE FOUNDATION INSTITUTES, SPONSORS, ESTABLISHES, FOSTERS, AND PROMOTES, THROUGH THE USE OF ITS ASSETS AND INCOME, EDUCATION PROGRAMS AND RESEARCH PROJECTS IN THE FIELD OF PHARMACY, INCLUDING CAREER...

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THE FOUNDATION INSTITUTES, SPONSORS, ESTABLISHES, FOSTERS, AND PROMOTES, THROUGH THE USE OF ITS ASSETS AND INCOME, EDUCATION PROGRAMS AND RESEARCH PROJECTS IN THE FIELD OF PHARMACY, INCLUDING CAREER COUNSELING AND STUDENT ASSISTANCE, CONTINUING AND PROFESSIONAL DEVELOPMENT AND PUBLIC HEALTH EDUCATION AND ASSISTANCE.

Program 2
Expenses: $7,696,475 Revenue: $8,013,597

A GRANT WAS OBTAINED TO DEVELOP AND IMPLEMENT A CENTRALIZED NALOXONE DISTRIBUTION PROGRAM IN PARTNERSHIP WITH COMMUNITY PHARMACIES AND UTILIZING THE MOBILE PHARMACY TO DISPENSE NALOXONE ATOMIZERS TO...

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A GRANT WAS OBTAINED TO DEVELOP AND IMPLEMENT A CENTRALIZED NALOXONE DISTRIBUTION PROGRAM IN PARTNERSHIP WITH COMMUNITY PHARMACIES AND UTILIZING THE MOBILE PHARMACY TO DISPENSE NALOXONE ATOMIZERS TO COMBAT OPIOID DEATHS IN KENTUCKY. AS A COMPANION TO THIS PROGRAM, THE DEPARTMENT OF PUBLIC HEALTH HAS INSTITUTED ADDITIONAL PROGRAMS TO ENGAGE PHARMACISTS ON STAFF TO ASSIST WITH EMERGENCY PREPAREDNESS IN KENTUCKY, AS WELL AS FOR NALOXONE TRAINING AND INVENTORY.

Program 3
Revenue: $2,135

THE CENTER FOR EXCELLENCE WILL BE USED TO ENHANCE AND EXPAND THE PHARMACY PROFESSION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,497,276
Program Service Revenue $571,333
Investment Income $65,522
Other Revenue $140,404
TOTAL REVENUE $8,274,535

Expense Breakdown

Grants Paid $0
Salaries & Benefits $652,914
Fundraising Expenses $5,042
Program Expenses $7,728,059
Other Expenses $7,286,894
TOTAL EXPENSES $7,939,808

Year-over-Year Comparison

2024 2023 Change
Revenue $8,274,535 $9,041,404 -0.1%
Expenses $7,939,808 $8,682,526 -0.1%
Net Income $334,727 $358,878 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
8
Employees
7
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$179,379
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BEN MUDD EXECUTIVE DI 10.00
Officer
$0 $5,225 $179,379
CLARK KEBODEAUX BOARD CHAIR 2.00
Officer
$0 $0 $0
LAKIN MARR TREASURER 2.00
Officer
$0 $0 $0
KYLE HARRIS PRESIDENT 2.00
Officer
$0 $0 $0
SAM WILLETT SECRETARY 2.00
Officer
$0 $0 $0
CHAD CORUM DIRECTOR 2.00
Director
$0 $0 $0
KEVIN LAMPING DIRECTOR 2.00
Director
$0 $0 $0
COURTNEY KOOGLER DIRECTOR 2.00
Director
$0 $0 $0
WILLIAM PAT MATTINGLY DIRECTOR 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $8,274,535 $7,939,808 $1,858,154 $334,727
2023 $9,041,404 $8,682,526 $1,702,796 $358,878
2022 $6,039,566 $5,853,309 $1,079,468 $186,257
2021 $5,496,404 $5,237,064 $611,145 $259,340
2020 $3,082,351 $3,015,331 $516,636 $67,020
2019 $2,587,542 $2,876,972 $175,396 $-289,430
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