American Foundation for Pharmaceutical Education

EIN: 530214882 501(c)(3) Education

Fairfax, VA

Total Revenue
$642,222
Total Expenses
$812,418
Total Assets
$11,320,542
Net Assets
$11,195,476
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1942
Legal Domicile
NY
Principal Officer
Ellen L Woods
Phone
5714040471
Tax Period
2024-01-01 to 2024-12-31

American Foundation for Pharmaceutical Education, founded in 1942, is a small nonprofit in the Education sector that reported $642K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $812K exceeded revenue, resulting in a 27% operating deficit.

Mission

To advance and support pharmaceutical sciences education at U.S. schools and colleges. See Schedule O for full mission.

Program Service Accomplishments

Program 1
Expenses: $461,408

Pre-Doctoral Fellowship: To encourage outstanding pre-doctoral students, who have completed at least three semesters of graduate study and have not more than three and a half years remaining, to...

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Pre-Doctoral Fellowship: To encourage outstanding pre-doctoral students, who have completed at least three semesters of graduate study and have not more than three and a half years remaining, to continue their studies and earn the Ph.D. in the pharmaceutical sciences at a U.S. school or college of pharmacy. Applications are encouraged from students with the following majors: Clinical Pharmaceutical Science, Medicinal/Pharmaceutical Chemistry, Pharmaceutical Sciences, Pharmaceutics, Pharmacoeconomics & Health Outcomes Research, Pharmacognosy, Pharmacokinetics/Metabolism, Pharmacology/Toxicology, Pharmacotherapy & Experimental Therapeutics, Social & Administrative, Pharmacogenomics/Informatics and Biomedical/Neural. See Schedule O for continuation.

Program 2
Expenses: $79,260

AFPE Gateway to Research Awards: The purpose of the AFPE Gateway Research Scholarship is to provide pre-professional degree pharmacy students or baccalaureate degree students a scholarship supporting...

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AFPE Gateway to Research Awards: The purpose of the AFPE Gateway Research Scholarship is to provide pre-professional degree pharmacy students or baccalaureate degree students a scholarship supporting their participation in a faculty-mentored research project. The program teaches students to learn to identify relevant research problems; generate a research hypothesis; analyze data, how to interpret and use research results in practice; learn to effectively communicate the research and clinical data to medical professionals, patients, caregivers and peers; develop problem solving skills; sharpen critical thinking skills; understand regulatory and ethical principles that impact the research; and work as part of a team. See Schedule O for continuation.

Program 3
Expenses: $100,520

Other Awards: AACP Social and Administrative Sciences (SAS) Section Summer Research Exchange Mentorship Program: The SAS Research Exchange Mentorship Program is intended to foster interest in...

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Other Awards: AACP Social and Administrative Sciences (SAS) Section Summer Research Exchange Mentorship Program: The SAS Research Exchange Mentorship Program is intended to foster interest in research and SAS-related graduate education among student pharmacists. The program is open to P1-P3 students, who complete a research experience with a SAS faculty member outside their home institution, building their professional network and skills for residency, fellowship, and further graduate studies.See Schedule O for continuation.

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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 $275,696
Program Service Revenue $0
Investment Income $351,670
Other Revenue $14,856
TOTAL REVENUE $642,222

Expense Breakdown

Grants Paid $283,138
Salaries & Benefits $410,840
Fundraising Expenses $58,465
Program Expenses $641,188
Other Expenses $118,440
TOTAL EXPENSES $812,418

Year-over-Year Comparison

2024 2023 Change
Revenue $642,222 $580,057 +0.1%
Expenses $812,418 $800,062 +0.0%
Net Income $-170,196 $-220,005 -0.2%
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
17
Independent Members
16
Employees
2
Volunteers
18

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
4
$289,335
Total Directors
18
$289,335
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ellen L Woods President and Secretary 40.00
Officer Director
$241,395 $47,940 $289,335
Calvin Knowlton Chair 1.00
Officer Director
$0 $0 $0
Lucinda Maine Vice Chair 1.00
Officer Director
$0 $0 $0
John Couric Treasurer 1.00
Officer Director
$0 $0 $0
Karl Williams General Counsel 1.00
Director
$0 $0 $0
Mike Bailey Member 1.00
Director
$0 $0 $0
John Bentley Member 1.00
Director
$0 $0 $0
J Lyle Bootman Member 1.00
Director
$0 $0 $0
Craig Cox Member 1.00
Director
$0 $0 $0
Rob DiCenzo Member 1.00
Director
$0 $0 $0
Joe DiPiro Member 1.00
Director
$0 $0 $0
Carol Gloff Member 1.00
Director
$0 $0 $0
David Gregory Member 1.00
Director
$0 $0 $0
Anandi Law Member 1.00
Director
$0 $0 $0
Shawna Reagan Member 1.00
Director
$0 $0 $0
Peter Swaan Member 1.00
Director
$0 $0 $0
Lee Vermeulen Member 1.00
Director
$0 $0 $0
Robin Zavod Member 1.00
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 $642,222 $812,418 $11,320,542 $-170,196
2023 $580,057 $800,062 $10,710,645 $-220,005
2022 $508,090 $791,702 $9,801,168 $-283,612
2021 $1,084,776 $771,260 $12,172,067 $313,516
2020 $655,181 $796,370 $11,111,257 $-141,189
2019 $1,057,262 $914,460 $10,752,672 $142,802
2018 $1,977,232 $885,968 $9,462,967 $1,091,264
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