Civic Intelligence

Michigan Pharmacy Foundation

990 • Fiscal year 2015 • EIN 38-3122918

Jan 01, 2015 to Dec 31, 2015 • Filed on Jul 27, 2016

408 Kalamazoo PlazaLansing, MI 48933

(517) 377-0243

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

43rd percentile

0.02x

Higher debt load relative to assets than 43% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

67th percentile

0.13x

Higher debt load relative to revenue than 67% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

87th percentile

34%

Higher net margin than 87% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

40th percentile

-1.4%

Faster asset growth than 40% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

53rd percentile

4.7%

Faster revenue growth than 53% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Down

$624,234

Down $8,656 (-1.4%) from 2014

Net Assets

Down

$611,019

Down $18,315 (-2.9%) from 2014

Liabilities

Up

$13,215

Up $9,659 (+272%) from 2014

Revenue

Up

$100,497

Up $4,540 (+4.7%) from 2014

Expenses

Down

$66,313

Down $8,611 (-11%) from 2014

Net Income

Up

$34,184

Up $13,151 (+63%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2010: $619,581Liabilities 2010: $45,128Net Assets 2010: $574,4532010Assets 2011: $589,890Liabilities 2011: $23,412Net Assets 2011: $566,4782011Assets 2012: $572,367Liabilities 2012: $2,199Net Assets 2012: $570,1682012Assets 2013: $616,440Liabilities 2013: $4,681Net Assets 2013: $611,7592013Assets 2014: $632,890Liabilities 2014: $3,556Net Assets 2014: $629,3342014Assets 2015: $624,234Liabilities 2015: $13,215Net Assets 2015: $611,0192015Assets 2016: $674,653Liabilities 2016: $27,843Net Assets 2016: $646,8102016Assets 2017: $764,070Liabilities 2017: $27,522Net Assets 2017: $736,5482017Assets 2018: $708,627Liabilities 2018: $27,819Net Assets 2018: $680,8082018Assets 2019: $816,801Liabilities 2019: $23,327Net Assets 2019: $793,4742019Assets 2020: $896,786Liabilities 2020: $19,293Net Assets 2020: $877,4932020Assets 2021: $985,063Liabilities 2021: $15,990Net Assets 2021: $969,0732021Assets 2022: $802,836Liabilities 2022: $31,293Net Assets 2022: $771,5432022Assets 2023: $781,128Liabilities 2023: $12,678Net Assets 2023: $768,4502023Assets 2024: $769,427Liabilities 2024: $29,106Net Assets 2024: $740,3212024

Highlighted filing

2015

Assets$624,234
Liabilities$13,215
Net Assets$611,019

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200K$100K$0-$100KExpenses 2010: $108,1132010Expenses 2011: $102,2782011Expenses 2012: $74,5792012Revenue 2013: $76,607Expenses 2013: $73,857Net Income 2013: $2,7502013Revenue 2014: $95,957Expenses 2014: $74,924Net Income 2014: $21,0332014Revenue 2015: $100,497Expenses 2015: $66,313Net Income 2015: $34,1842015Revenue 2016: $83,623Expenses 2016: $67,246Net Income 2016: $16,3772016Revenue 2017: $117,236Expenses 2017: $62,984Net Income 2017: $54,2522017Revenue 2018: $101,807Expenses 2018: $64,940Net Income 2018: $36,8672018Revenue 2019: $93,382Expenses 2019: $68,170Net Income 2019: $25,2122019Revenue 2020: $77,382Expenses 2020: $56,287Net Income 2020: $21,0952020Revenue 2021: $105,119Expenses 2021: $64,653Net Income 2021: $40,4662021Revenue 2022: $50,016Expenses 2022: $110,695Net Income 2022: -$60,6792022Revenue 2023: $65,583Expenses 2023: $154,910Net Income 2023: -$89,3272023Revenue 2024: $199,105Expenses 2024: $171,260Net Income 2024: $27,8452024

Highlighted filing

2015

Revenue$100,497
Expenses$66,313
Net Income$34,184
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jul 27, 2016
Return Version
2015v2.1
Gross Receipts
$144,721
Mission and Program Overview

Mission

To advance pharmacy through education, practice innovation and research focused on patient care, for the improvement and promotion of public health and public education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$516,592$505,379▼ $11,213
Cash and Non-Interest-Bearing Accounts$79,053$94,073▲ $15,020
Land, Buildings, and Equipment, Net$5,144$0▼ $5,144
Accounts Receivable$4,000$4,600▲ $600
Pledges and Grants Receivable$7,229$3,429▼ $3,800
Total Assets$632,890$624,234▼ $8,656
Other Assets Total$20,872$16,753▼ $4,119
Liabilities
Deferred Revenue$1,300$11,190▲ $9,890
Accounts Payable and Accrued Expenses$2,256$2,025▼ $231
Total Liabilities$3,556$13,215▲ $9,659
Net Assets / Fund Balance
Unrestricted Net Assets$622,105$607,590▼ $14,515
Temporarily Rstr Net Assets$7,229$3,429▼ $3,800
Total Net Assets Fund Balance$629,334$611,019▼ $18,315
Total Liabilities and Net Assets / Fund Balance$632,890$624,234▼ $8,656

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$51,442$51,442
Other Securities$505,379--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$26,059
Program Service Revenue
$0
Investment Income
$44,174
Other Revenue
$30,264
All Other Contributions
$26,059
Change in Net Assets
$34,184

Audited Revenue Reconciliation

Revenue per Audited Statements
$100,497
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-14,498
Total Revenue per Audited Statements
$85,999
Total Revenue per Form 990
$100,497
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$39,078
Salaries, Compensation, and Employee Benefits$18,245
Grants and Similar Amounts Paid$8,990
Total Fundraising Expense$3,550
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$18,975-$18,975
Other Salaries and Wages$18,245--$18,245
Office Expenses$3,551$3,551$3,550$10,652
Grants to Domestic Individuals$8,000--$8,000
Depreciation Depletion-$5,144-$5,144
Conferences and Meetings$1,704--$1,704
Grants to Domestic Orgs$990--$990
Other Expenses$264--$264
Insurance-$48-$48
Total Functional Expenses$35,045$27,718$3,550$66,313

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$104,314
Expenses per Audited Statements$66,313
Total Expenses per Form 990$66,313
Expenses Not Reported on Form 990$38,001
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$66,918
Fundraising Direct Expenses$38,001
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Classic$28,770$28,770$6,965$21,805
Silent Auction$10,561$10,561$787$9,774
Total Events$66,918$66,918$38,001$28,917
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
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The audit committee receives a draft of the 990 prior to the tax return being filed.

Form 990, Part VI, Section B, Line 12C

Each year all members of the board are required to complete an updated conflict of interest disclosure statement. The statements are maintained for the year in the foundation's files. The forms are reviewed by the ceo and forwarded to legal counsel if a potential conflict is identified.

Form 990, Part VI, Section C, Line 19

All information is available upon request. Form 990 is also posted annually on guidestar's website. Michigan pharmacy foundation is licensed to solicit in the state of michigan and provides form 990 and audited financial statements to the michigan attorney general's office where it is public information.

Filing and Contact Details

Filer

Filer Name
Michigan Pharmacy Foundation
EIN
38-3122918
Phone
5173770243
Address
408 KALAMAZOO PLAZA, LANSING, MI 48933

Signing Officer

Name
Larry D Wagenknecht
Title
CEO
Phone
5173770243
Signed
2016-07-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Larry D Wagenknecht
Formed
1992
Legal Domicile
Mi
Voting Board Members
15
Independent Board Members
14
Employees
0
Volunteers
15

Preparer

Firm
Maner Costerisan Pc
Address
2425 E GRAND RIVER SUITE 1, LANSING, MI 48912-3291
Preparer
Edward L Williams Iii CPA
Phone
5173237500
Supplemental Narrative

Financial Statement Notes

PART III, LINE 4:

Michigan pharmacy foundation possesses historical collectibles related to the pharmacy profession. The collection includes antique storage cabinets, bookshelves, and apothecary cupboards, apothecary jars and pharmacy bottles, nineteenth century porcelain canisters, a whitehall tatum cast metal suppository-making machine, michigan drug company cased scale, a collection of 33 volumes of classic books and handbooks related to the trade, and other miscellaneous memorabilia related to the pharmacy industry. The collection preserves items of historical significance for future generations and serves as a representation of a past era of the pharmacy profession.

PART X, LINE 2:

In the preparation of tax returns, tax positions are taken based on interpretation of federal, state and local income tax laws. Management periodically reviews and evaluates the status of uncertain tax positions and makes estimates of amounts, including interest and penalties, ultimately due or owed. No amounts have been identified, or recorded, as uncertain tax positions. Federal, state and local tax returns generally remain open for examination by the various taxing authorities for a period of three to four years.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Special event expense 38,001.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Special event expense 38,001.

Raw XML AppendixShowing 400 of 506 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt028917
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-52499
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt03550
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03551
IRS990/OfficeExpensesGrp/ProgramServicesAmt03551
IRS990/OfficeExpensesGrp/TotalAmt010652
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt020872
IRS990/OtherAssetsTotalGrp/EOYAmt016753
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0SPONSORSHIP, DONATION,
IRS990/OtherExpensesGrp/Desc1PRINTING EXPENSE
IRS990/OtherExpensesGrp/ProgramServicesAmt02291
IRS990/OtherExpensesGrp/ProgramServicesAmt1264
IRS990/OtherExpensesGrp/TotalAmt02291
IRS990/OtherExpensesGrp/TotalAmt1264
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt01347
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01347
IRS990/OtherRevenueTotalAmt01347
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt018245
IRS990/OtherSalariesAndWagesGrp/TotalAmt018245
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt07229
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt03429
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0LARRY D WAGENKNECHT
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt026710
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt08990
IRS990/PYInvestmentIncomeAmt028333
IRS990/PYOtherExpensesAmt048134
IRS990/PYOtherRevenueAmt040914
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt021033
IRS990/PYSalariesCompEmpBnftPaidAmt017800
IRS990/PYTotalExpensesAmt074924
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt095957
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt034184
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0100497
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt026059
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt026710
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt024510
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt028449
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt042910
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0148638
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt08164
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt09499
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt05750
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt08280
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt08414
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt040107
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0302453
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt01347
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt02680
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt010600
IRS990ScheduleA/OtherIncome170Grp/TotalAmt014627
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.63840
IRS990ScheduleA/PublicSupportPY170Pct00.59630
IRS990ScheduleA/PublicSupportTotal170Amt0129839
IRS990ScheduleA/SubstantialContributorsTotAmt018799
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt026059
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt026710
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt024510
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt028449
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt042910
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0148638
IRS990ScheduleA/TotalSupportAmt0203372
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/CollectionUsedPreservationInd0X
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt051442
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt051442
IRS990ScheduleD/ExpensesNotReportedAmt038001
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt066313
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-52499
IRS990ScheduleD/OtherExpensesIncludedAmt038001
IRS990ScheduleD/OtherRevenueAmt038001
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0505379
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/RevenueNotReportedAmt0-14498
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0100497
IRS990ScheduleD/SolicitedAssetsSaleInd00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MICHIGAN PHARMACY FOUNDATION POSSESSES HISTORICAL COLLECTIBLES RELATED TO THE PHARMACY PROFESSION. THE COLLECTION INCLUDES ANTIQUE STORAGE CABINETS, BOOKSHELVES, AND APOTHECARY CUPBOARDS, APOTHECARY JARS AND PHARMACY BOTTLES, NINETEENTH CENTURY PORCELAIN CANISTERS, A WHITEHALL TATUM CAST METAL SUPPOSITORY-MAKING MACHINE, MICHIGAN DRUG COMPANY CASED SCALE, A COLLECTION OF 33 VOLUMES OF CLASSIC BOOKS AND HANDBOOKS RELATED TO THE TRADE, AND OTHER MISCELLANEOUS MEMORABILIA RELATED TO THE PHARMACY INDUSTRY. THE COLLECTION PRESERVES ITEMS OF HISTORICAL SIGNIFICANCE FOR FUTURE GENERATIONS AND SERVES AS A REPRESENTATION OF A PAST ERA OF THE PHARMACY PROFESSION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1IN THE PREPARATION OF TAX RETURNS, TAX POSITIONS ARE TAKEN BASED ON INTERPRETATION OF FEDERAL, STATE AND LOCAL INCOME TAX LAWS. MANAGEMENT PERIODICALLY REVIEWS AND EVALUATES THE STATUS OF UNCERTAIN TAX POSITIONS AND MAKES ESTIMATES OF AMOUNTS, INCLUDING INTEREST AND PENALTIES, ULTIMATELY DUE OR OWED. NO AMOUNTS HAVE BEEN IDENTIFIED, OR RECORDED, AS UNCERTAIN TAX POSITIONS. FEDERAL, STATE AND LOCAL TAX RETURNS GENERALLY REMAIN OPEN FOR EXAMINATION BY THE VARIOUS TAXING AUTHORITIES FOR A PERIOD OF THREE TO FOUR YEARS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SPECIAL EVENT EXPENSE 38,001.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3SPECIAL EVENT EXPENSE 38,001.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt0505379
IRS990ScheduleD/TotalExpensesPerForm990Amt066313
IRS990ScheduleD/TotalRevenuePerForm990Amt0100497
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt085999
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0104314
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt038001
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF CLASSIC
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0SILENT AUCTION
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt028770
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt010561
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt027587
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt066918
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt028770
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt010561
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt027587
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt066918
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt028917
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt030249
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt038001
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt06965
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt0787
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt02
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt08000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0GRANTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt04
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0MPF ACCEPTS GRANT APPLICATIONS FROM INDIVIDUAL PHARMACY PROFESSIONALS, INCLUDING STUDENTS AND RESIDENTS, PHARMACY ORGANIZATIONS, COLLEGES OF PHARMACY AND PHARMACY BUSINESSES WHOSE DESIRE IS TO OBTAIN FUNDING FOR A PROJECT THAT PROMOTES THE MISSION OF MPF. APPLICATIONS WILL BE REVIEWED BY THE MPF STAFF FOR COMPLETENESS AND THEN SUBMITTED TO THE MPF BOARD OF TRUSTEES FOR FUNDING CONSIDERATION. GRANT REQUESTS MAY BE FULLY OR PARTIALLY FUNDED OR DENIED. A SITE VISIT OR INTERVIEW MAY BE SCHEDULED BEFORE A FINAL DECISION IS MADE. IN SOME CASES, APPLICANTS MAY BE REQUESTED TO PROVIDE ADDITIONAL INFORMATION. WHEN ADDITIONAL INFORMATION IS REQUESTED, THE APPLICANT WILL BE GRANTED 30 DAYS TO RESPOND TO THE REQUEST FOR ADDITIONAL INFORMATION. GRANTEES WILL BE REQUIRED TO SUBMIT AN INTERIM AND FINAL REPORT. IN ADDITION, GRANTEES WILL BE REQUESTED TO ATTEND AN EVENT TO PRESENT PROGRAM OUTCOMES OR COMMUNICATE THE VALUE OF THE GRANT PROGRAM TO PROSPECTIVE APPLICANTS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE AUDIT COMMITTEE RECEIVES A DRAFT OF THE 990 PRIOR TO THE TAX RETURN BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH YEAR ALL MEMBERS OF THE BOARD ARE REQUIRED TO COMPLETE AN UPDATED CONFLICT OF INTEREST DISCLOSURE STATEMENT. THE STATEMENTS ARE MAINTAINED FOR THE YEAR IN THE FOUNDATION'S FILES. THE FORMS ARE REVIEWED BY THE CEO AND FORWARDED TO LEGAL COUNSEL IF A POTENTIAL CONFLICT IS IDENTIFIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL INFORMATION IS AVAILABLE UPON REQUEST. FORM 990 IS ALSO POSTED ANNUALLY ON GUIDESTAR'S WEBSITE. MICHIGAN PHARMACY FOUNDATION IS LICENSED TO SOLICIT IN THE STATE OF MICHIGAN AND PROVIDES FORM 990 AND AUDITED FINANCIAL STATEMENTS TO THE MICHIGAN ATTORNEY GENERAL'S OFFICE WHERE IT IS PUBLIC INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MICHIGAN PHARMACISTS ASSOCIATION

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.69$0.29$7.40$1.99$1.71$0.28
2023Detailed filing. Detailed filing data is available for this year.$7.81$0.13$7.68$0.66$1.55$0.89
2022Detailed filing. Detailed filing data is available for this year.$8.03$0.31$7.72$0.50$1.11$0.61
2021Detailed filing. Detailed filing data is available for this year.$9.85$0.16$9.69$1.05$0.65$0.40
2020Detailed filing. Detailed filing data is available for this year.$8.97$0.19$8.77$0.77$0.56$0.21
2019Detailed filing. Detailed filing data is available for this year.$8.17$0.23$7.93$0.93$0.68$0.25
2018Detailed filing. Detailed filing data is available for this year.$7.09$0.28$6.81$1.02$0.65$0.37
2017Detailed filing. Detailed filing data is available for this year.$7.64$0.28$7.37$1.17$0.63$0.54
2016Detailed filing. Detailed filing data is available for this year.$6.75$0.28$6.47$0.84$0.67$0.16
2015Detailed filing. Detailed filing data is available for this year.$6.24$0.13$6.11$1.00$0.66$0.34
2014Detailed filing. Detailed filing data is available for this year.$6.33$0.04$6.29$0.96$0.75$0.21
2013Detailed filing. Detailed filing data is available for this year.$6.16$0.05$6.12$0.77$0.74$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.72$0.02$5.70$0.75
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.90$0.23$5.66$1.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.20$0.45$5.74$1.08