VIRGINIA PHARMACEUTICAL ASSOCIATION RESEARCH & EDUCATION FOUNDATION

EIN: 541142544 501(c)(3) Health Care

NORTH CHESTERFIELD, VA

Total Revenue
$35,819
Total Expenses
$49,775
Total Assets
$1,332,575
Net Assets
$1,308,929
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
VA
Principal Officer
JAMIE FISHER
Phone
8042854145
Tax Period
2024-05-01 to 2025-04-30

VIRGINIA PHARMACEUTICAL ASSOCIATION RESEARCH & EDUCATION FOUNDATION, founded in 1980, is a micro nonprofit in the Health Care sector that reported $36K in total revenue in fiscal year 2024. Revenue surged 75% from the prior year, signaling strong growth momentum. Expenses of $50K exceeded revenue, resulting in a 39% operating deficit.

Mission

TO PROMOTE THE HEALTH AND WELLNESS THROUGH DEVELOPMENT OF PHARMACIST- PROVIDED PATIENT CARE SERVICES; AND TO ENCOURAGE, PROVIDE FOR AND ENGAGE IN RESEARCH, EDUCATION AND THE ADVANCEMENT OF THE PROFESSION OF PHARMACY.

Program Service Accomplishments

Program 1
Expenses: $9,390

ADDINGTON VISION FUND - THIS FUND ADVANCES THE ENTREPRENEURIAL SPIRIT FOR COMMUNITY PHARMACY, AND STRIVES TO EMPOWER THE COMMUNITY PHARMACISTS WITH INNOVATIONS IN THE PRACTICE AND BUSINESS OF...

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ADDINGTON VISION FUND - THIS FUND ADVANCES THE ENTREPRENEURIAL SPIRIT FOR COMMUNITY PHARMACY, AND STRIVES TO EMPOWER THE COMMUNITY PHARMACISTS WITH INNOVATIONS IN THE PRACTICE AND BUSINESS OF PHARMACY TO HELP THEM THRIVE; EQUIP COMMUNITY PHARMACISTS FOR PATIENT-CENTERED CLINICAL SERVICES, INCLUDING PLANNING, PROVIDING, DOCUMENTING, AND BILLING; AND ENHANCE THE QUALITY OF CARE FOR ALL PATIENTS THROUGH THE APPROPRIATE, SAFE, EFFECTIVE USE OF MEDICATIONS THAT ARE USED CORRECTLY AND THE PROMOTION OF DESIRABLE HEALTH OUTCOMES AND WELLNESS. JOHN C. SHILAN FUND - THIS FUND WAS ESTABLISHED IN THE YEAR ENDED APRIL 30, 2013, IN MEMORY OF 2011 VIRGINIA COMMONWEALTH UNIVERSITY GRADUATE JOHN SHILAN. THE FUND PROVIDES A 1,000 AWARD TO A SELECTED YOUNG PHARMACIST WHO HAS DEMONSTRATED AN INTEREST IN ADDED CREDENTIALS THAT WILL ENABLE THEM TO PROVIDE SPECIALIZED PATIENT CARE SERVICES BASED ON ADDITIONAL KNOWLEDGE AND SKILL. RPHA SCHOLARSHIP FUND - THIS FUND FUNDS THE ROBERT G. WAMPLER/DANIEL A. HERBERT MEMORIAL SCHOLARSHIP WHICH IS AWARDED TO A PHARMACY STUDENT ENTERING THEIR SECOND YEAR OF PHARMACY SCHOOL AT MCV/VCU SCHOOL OF PHARMACY. THE RICHMOND PHARMACISTS ASSOCIATION BASES THE SELECTION PROCESS UPON A REVIEW OF THE FOLLOWING CANDIDATE QUALIFICATIONS-LEADERSHIP QUALITIES, INVOLVEMENT IN PHARMACY ORGANIZATIONS, EVIDENCE OF COMMUNITY SERVICE, ENTHUSIASM AND COMPASSION FOR THE PROFESSION, AND GOOD ACADEMIC STANDING.

Program 2
Expenses: $15,454 Revenue: $6,215

GENERAL FUND - ENABLES COLLABORATION IN PUBLIC HEALTH INITIATIVES HARVEY B. MORGAN INSTITUTE OF GOVERNMENT AND PUBLIC SERVICE - THIS FUND PROVIDES EDUCATION AND INFORMATION TO CITIZENS, PUBLIC...

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GENERAL FUND - ENABLES COLLABORATION IN PUBLIC HEALTH INITIATIVES HARVEY B. MORGAN INSTITUTE OF GOVERNMENT AND PUBLIC SERVICE - THIS FUND PROVIDES EDUCATION AND INFORMATION TO CITIZENS, PUBLIC OFFICIALS, AND PHARMACY PROFESSIONALS ON TOPICS RELATED TO HEALTHCARE, AND ADMINISTERS THE STUDENT AWARDS PROGRAM, WHICH FUNDS VARIOUS ANNUAL AWARDS PRESENTED BY THE FOUNDATION.

Program 3
Expenses: $6,796

CARL E. BAIN MEMORIAL VIRGINIA PHARMACISTS AIDING PHARMACISTS FUND - THIS FUND ASSISTS IMPAIRED MEMBERS OF THE PHARMACY COMMUNITY AND THEIR FAMILIES THROUGH TREATMENT AND RECOVERY AND BACK INTO THE...

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CARL E. BAIN MEMORIAL VIRGINIA PHARMACISTS AIDING PHARMACISTS FUND - THIS FUND ASSISTS IMPAIRED MEMBERS OF THE PHARMACY COMMUNITY AND THEIR FAMILIES THROUGH TREATMENT AND RECOVERY AND BACK INTO THE PRACTICE OF PHARMACY. ADDITIONALLY, THE FUND PROVIDES EDUCATIONAL PROGRAMS TO PHARMACISTS, PHARMACY TECHNICIANS, AND PHARMACY STUDENTS REGARDING PRESCRIPTION DRUG ABUSE RISKS.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $16,333
Program Service Revenue $6,215
Investment Income $18,156
Other Revenue $-4,885
TOTAL REVENUE $35,819

Expense Breakdown

Grants Paid $18,280
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $31,640
Other Expenses $31,495
TOTAL EXPENSES $49,775

Year-over-Year Comparison

2024 2023 Change
Revenue $35,819 $20,476 +0.7%
Expenses $49,775 $59,843 -0.2%
Net Income $-13,956 $-39,367 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
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
3
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHNNY MOORE PRESIDENT N/A
Officer Director
$0 $0 $0
CHARLES TARASIDIS TRUSTEE N/A
Director
$0 $0 $0
S RUTHERFOORD ROSE TRUSTEE N/A
Director
$0 $0 $0
MEREDY AYERS TRUSTEE N/A
Director
$0 $0 $0
RALPH SMALL TRUSTEE N/A
Director
$0 $0 $0
DAVE MCCLELLAN TRUSTEE N/A
Director
$0 $0 $0
WILLIE LAMAR TRUSTEE N/A
Director
$0 $0 $0
EMPSY MUNDEN TRUSTEE N/A
Director
$0 $0 $0
CHRIS JONES TRUSTEE N/A
Director
$0 $0 $0
AL ROBERTS TRUSTEE N/A
Director
$0 $0 $0
JOHN BECKNER TRUSTEE N/A
Director
$0 $0 $0
TIM ROBERTSON TRUSTEE N/A
Director
$0 $0 $0
ADRIAN WILSON TRUSTEE N/A
Director
$0 $0 $0
TIM LUCAS TRUSTEE N/A
Director
$0 $0 $0
CYNTHIA COFFEY TRUSTEE N/A
Director
$0 $0 $0
PRESTON HALE TRUSTEE N/A
Director
$0 $0 $0
TERRI POWERS TREASURER N/A
Officer Director
$0 $0 $0
JAMIE FISHER SECRETARY N/A
Officer
$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
2025 $35,819 $49,775 $1,332,575 $-13,956
2023 $60,077 $74,733 $1,256,509 $-14,656
2022 $50,734 $64,770 $1,278,081 $-14,036
2021 $246,368 $78,374 $1,351,913 $167,994
2020 $153,283 $86,341 $1,132,483 $66,942
2019 $77,610 $79,699 $1,153,511 $-2,089
2018 $69,920 $83,870 $1,136,550 $-13,950
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