Civic Intelligence

Kentucky Pharmacy Education & Research Foundation Inc

EIN 31-1012133 • 501(c)3 • Frankfort, KY

Profile

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.

96 C Michael Davenport BlvdFrankfort, KY 40601

www.kphanet.org/KPERF

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

73rd percentile

0.37x

Higher debt load relative to assets than 73% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

37th percentile

0.08x

Higher debt load relative to revenue than 37% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

49th percentile

4.0%

Higher net margin than 49% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

68th percentile

$179,379

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

64th percentile

9.1%

Faster asset growth than 64% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

23rd percentile

-8.5%

Faster revenue growth than 23% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,858,154

Up $155,358 (+9.1%) from 2023

Liabilities

Down

$692,837

Down $179,369 (-21%) from 2023

Net Assets

Up

$1,165,317

Up $334,727 (+40%) from 2023

Revenue

Down

$8,274,535

Down $766,869 (-8.5%) from 2023

Expenses

Down

$7,939,808

Down $742,718 (-8.6%) from 2023

Net Income

Down

$334,727

Down $24,151 (-6.7%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2019: $175,396Liabilities 2019: $216,301Net Assets 2019: -$40,9052019Assets 2020: $516,636Liabilities 2020: $490,521Net Assets 2020: $26,1152020Assets 2021: $611,145Liabilities 2021: $325,690Net Assets 2021: $285,4552021Assets 2022: $1,079,468Liabilities 2022: $607,756Net Assets 2022: $471,7122022Assets 2023: $1,702,796Liabilities 2023: $872,206Net Assets 2023: $830,5902023Assets 2024: $1,858,154Liabilities 2024: $692,837Net Assets 2024: $1,165,3172024

Highlighted filing

2024

Assets$1,858,154
Liabilities$692,837
Net Assets$1,165,317

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2019: $2,587,542Expenses 2019: $2,876,972Net Income 2019: -$289,4302019Revenue 2020: $3,082,351Expenses 2020: $3,015,331Net Income 2020: $67,0202020Revenue 2021: $5,496,404Expenses 2021: $5,237,064Net Income 2021: $259,3402021Revenue 2022: $6,039,566Expenses 2022: $5,853,309Net Income 2022: $186,2572022Revenue 2023: $9,041,404Expenses 2023: $8,682,526Net Income 2023: $358,8782023Revenue 2024: $8,274,535Expenses 2024: $7,939,808Net Income 2024: $334,7272024

Highlighted filing

2024

Revenue$8,274,535
Expenses$7,939,808
Net Income$334,727

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 30, 2025
Return Version
2024v5.0
Gross Receipts
$8,274,535
Mission and Program Overview

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.

Kentucky pharmacy education & research foundation is a nonprofit professional organization whose goals are to provide education accreditation and continuing education opportunities for kentucky pharmacists to meet their annual ce license requirements required by the commonwealth of kentucky, promote the profession of pharmacy, enhance the practice standards of the profession, and demonstrate the value of pharmacists services within the healthcare system. The foundation also oversees and administers various programs designed to provide pharmaceuticals and support services throughout kentucky in times of disasters and emergencies. In addition, the foundation provides services and supplies in conjunction with state and local agencies as part of the harm reduction program to fight the opioid abuse crisis.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,342,327$1,250,199▼ $92,128
Accounts Receivable$264,534$468,973▲ $204,439
Prepaid Expenses and Deferred Charges$41,276$92,601▲ $51,325
Land, Buildings, and Equipment, Net-$9,134-
Total Assets$1,702,796$1,858,154▲ $155,358
Other Assets Total$54,659$37,247▼ $17,412
Liabilities
Accounts Payable and Accrued Expenses$872,206$690,337▼ $181,869
Deferred Revenue-$2,500-
Total Liabilities$872,206$692,837▼ $179,369
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$568,535$899,215▲ $330,680
Net Assets With Donor Restrictions$262,055$266,102▲ $4,047
Total Net Assets Fund Balance$830,590$1,165,317▲ $334,727
Total Liabilities and Net Assets / Fund Balance$1,702,796$1,858,154▲ $155,358

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$9,134$1,447$10,581
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Ben MuddExecutive DiPT$179,379$179,379

Board Members and Trustees

NameTitle
Clark KebodeauxBoard Chair
Kyle HarrisPresident
Chad CorumDirector
Courtney KooglerDirector
Kevin LampingDirector
William Pat MattinglyDirector
Ben MuddExecutive Director
Sam WillettSecretary
Lakin MarrTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$7,497,276
Program Service Revenue
$571,333
Investment Income
$65,522
Other Revenue
$140,404
All Other Contributions
$3,808
Change in Net Assets
$334,727

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,274,535
Total Revenue per Audited Statements
$8,274,535
Total Revenue per Form 990
$8,274,535
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,286,894
Salaries, Compensation, and Employee Benefits$652,914
Total Fundraising Expense$5,042
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$486,271$44,483-$530,754
All Other Expenses$159,098$25,058-$184,156
Other Employee Benefits$37,438$47,128-$84,566
Other Expenses$25,864$45,126-$70,990
Payroll Taxes$34,443$3,151-$37,594
Fees for Services Legal-$32,591-$32,591
Office Expenses$12,867$3,340-$16,207
Travel$9,913$3,956-$13,869
Conferences and Meetings$10,010--$10,010
Fees for Services Other--$5,042$5,042
Insurance-$1,874-$1,874
Depreciation Depletion$652--$652
Total Functional Expenses$7,728,059$206,707$5,042$7,939,808

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,939,808
Total Expenses per Audited Statements$7,939,808
Total Expenses per Form 990$7,939,808
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$9,480
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7A

New board members are appointed by the current board members and the kpha board of directors.

Form 990, Page 6, Part VI, Line 11B

Board reviews and approves the 990 prior to filing

Form 990, Page 6, Part VI, Line 12C

Annually, the board reviews for any conflicts of interest and if applicable resolves them in accordance with foundation policy

Form 990, Page 6, Part VI, Line 19

Documents are available upon request

Filing and Contact Details

Filer

Filer Name
Kentucky Pharmacy Education &
EIN
31-1012133
Phone
5022227230
Address
96 C MICHAEL DAVENPORT BLVD, FRANKFORT, KY 40601

Signing Officer

Name
Ben Mudd
Title
Executive Director
Phone
5022272303
Signed
2025-07-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ben Mudd
Formed
1980
Legal Domicile
Ky
Voting Board Members
8
Independent Board Members
8
Employees
7

Preparer

Firm
Harrod & Associates
Address
2 HMB CIRCLE A, FRANKFORT, KY 40601-2351
Preparer
David R Harrod CPA
Phone
5026957300
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S 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.

Financial Statement Notes

Schedule D, Page 3, Part X

The foundation has implemented fasb asc 740-10-20 "accounting for uncertainty in income taxes." management believes the foundation has not taken any tax positions that are not more likely than not to be sustained upon examination. The foundation's form 990 for december 31, 2024 and 2023 may be subject to examination by the irs, generally for three years after filing.

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IRS990/ProgramServiceRevenueGrp/Desc0FACILITY FEES
IRS990/ProgramServiceRevenueGrp/Desc1CE FEES
IRS990/ProgramServiceRevenueGrp/Desc2REIMBURSEMENT INCOME
IRS990/ProgramServiceRevenueGrp/Desc3DISASTER RELIEF
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0520129
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt137728
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3351
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt137728
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt213125
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3351
IRS990/ProgSrvcAccomActy2Grp/Desc0A 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.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt07696475
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt08013597
IRS990/ProgSrvcAccomActy3Grp/Desc0THE CENTER FOR EXCELLENCE WILL BE USED TO ENHANCE AND EXPAND THE PHARMACY PROFESSION.
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IRS990/PYOtherRevenueAmt0177155
IRS990/PYProgramServiceRevenueAmt0500138
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IRS990/PYSalariesCompEmpBnftPaidAmt0556487
IRS990/PYTotalExpensesAmt08682526
IRS990/PYTotalRevenueAmt09041404
IRS990/ReconcilationRevenueExpnssAmt0334727
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IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt037728
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS 231 CREDIT CARD REBATES 120,000
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt08337465
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt05443029
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt029043197
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt01447
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt010581
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION HAS IMPLEMENTED FASB ASC 740-10-20 "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES." MANAGEMENT BELIEVES THE FOUNDATION HAS NOT TAKEN ANY TAX POSITIONS THAT ARE NOT MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. THE FOUNDATION'S FORM 990 FOR DECEMBER 31, 2024 AND 2023 MAY BE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER FILING.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalExpensesPerForm990Amt07939808
IRS990ScheduleD/TotalRevenuePerForm990Amt08274535
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt05225
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0BEN MUDD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0179379
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IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NEW BOARD MEMBERS ARE APPOINTED BY THE CURRENT BOARD MEMBERS AND THE KPHA BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD REVIEWS AND APPROVES THE 990 PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANNUALLY, THE BOARD REVIEWS FOR ANY CONFLICTS OF INTEREST AND IF APPLICABLE RESOLVES THEM IN ACCORDANCE WITH FOUNDATION POLICY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0KENTUCKY PHARMACIST ASSOCIATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0610246386
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C6
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0KY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0ASSOCIATIO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt096 C MICHAEL DAVENPORT DRIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0FRANKFORT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0KY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd040601
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IRS990ScheduleR/PaidEmployeesSharingInd0true
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IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
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IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt070990
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt18198
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt25618
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt3311973
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0REIMB KPHA EMPLOY TIME
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1REMBURSE KPHA ADMIN COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2LEASE OFFICE SPACE
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt3GRANT ADMINISTRATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0KY PHARMACISTS ASSOCIATION

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