Civic Intelligence

Michigan Pharmacy Foundation

990 • Fiscal year 2016 • EIN 38-3122918

Jan 01, 2016 to Dec 31, 2016 • Filed on Aug 21, 2017

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

50th percentile

0.04x

Higher debt load relative to assets than 50% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

80th percentile

0.33x

Higher debt load relative to revenue than 80% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

78th percentile

20%

Higher net margin than 78% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

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.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

66th percentile

8.1%

Faster asset growth than 66% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

19th percentile

-17%

Faster revenue growth than 19% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Up

$674,653

Up $50,419 (+8.1%) from 2015

Net Assets

Up

$646,810

Up $35,791 (+5.9%) from 2015

Liabilities

Up

$27,843

Up $14,628 (+111%) from 2015

Revenue

Down

$83,623

Down $16,874 (-17%) from 2015

Expenses

Up

$67,246

Up $933 (+1.4%) from 2015

Net Income

Down

$16,377

Down $17,807 (-52%) from 2015

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

2016

Assets$674,653
Liabilities$27,843
Net Assets$646,810

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

2016

Revenue$83,623
Expenses$67,246
Net Income$16,377
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Aug 21, 2017
Return Version
2016v3.0
Gross Receipts
$121,570
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$505,379$532,373▲ $26,994
Cash and Non-Interest-Bearing Accounts$94,073$114,796▲ $20,723
Accounts Receivable$4,600$8,950▲ $4,350
Pledges and Grants Receivable$3,429$2,729▼ $700
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$624,234$674,653▲ $50,419
Other Assets Total$16,753$15,805▼ $948
Liabilities
Deferred Revenue$11,190$24,795▲ $13,605
Accounts Payable and Accrued Expenses$2,025$3,048▲ $1,023
Total Liabilities$13,215$27,843▲ $14,628
Net Assets / Fund Balance
Unrestricted Net Assets$607,590$644,081▲ $36,491
Temporarily Rstr Net Assets$3,429$2,729▼ $700
Total Net Assets Fund Balance$611,019$646,810▲ $35,791
Total Liabilities and Net Assets / Fund Balance$624,234$674,653▲ $50,419

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$51,442$51,442
Other Securities$532,373--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$26,079
Program Service Revenue
$0
Investment Income
$11,192
Other Revenue
$46,352
All Other Contributions
$26,079
Change in Net Assets
$16,377

Audited Revenue Reconciliation

Revenue per Audited Statements
$83,623
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$54,112
Total Revenue per Audited Statements
$137,735
Total Revenue per Form 990
$83,623
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$38,511
Salaries, Compensation, and Employee Benefits$18,245
Grants and Similar Amounts Paid$10,490
Total Fundraising Expense$4,131
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$4,132$4,131$4,131$12,394
Grants to Domestic Individuals$7,500--$7,500
Conferences and Meetings$3,188--$3,188
Grants to Domestic Orgs$2,990--$2,990
Other Expenses$1,163--$1,163
Total Functional Expenses$40,009$23,106$4,131$67,246

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$101,944
Expenses per Audited Statements$67,246
Total Expenses per Form 990$67,246
Expenses Not Reported on Form 990$34,698
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$69,995
Fundraising Direct Expenses$34,698
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Classic$26,030$26,030$5,086$20,944
Adopt a Student$13,920$13,920$12,030$1,890
Total Events$69,995$69,995$34,698$35,297
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 11B

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
2017-08-21
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 34,698.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Special event expense 34,698.

Raw XML AppendixShowing 400 of 508 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/OfficeExpensesGrp/ManagementAndGeneralAmt04131
IRS990/OfficeExpensesGrp/ProgramServicesAmt04132
IRS990/OfficeExpensesGrp/TotalAmt012394
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt016753
IRS990/OtherAssetsTotalGrp/EOYAmt015805
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0SPONSORSHIP, DONATION,
IRS990/OtherExpensesGrp/Desc1PRINTING EXPENSE
IRS990/OtherExpensesGrp/ProgramServicesAmt02791
IRS990/OtherExpensesGrp/ProgramServicesAmt11163
IRS990/OtherExpensesGrp/TotalAmt02791
IRS990/OtherExpensesGrp/TotalAmt11163
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt011055
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt011055
IRS990/OtherRevenueTotalAmt011055
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt018245
IRS990/OtherSalariesAndWagesGrp/TotalAmt018245
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt03429
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt02729
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0LARRY D WAGENKNECHT
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt026059
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt08990
IRS990/PYInvestmentIncomeAmt044174
IRS990/PYOtherExpensesAmt039078
IRS990/PYOtherRevenueAmt030264
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt034184
IRS990/PYSalariesCompEmpBnftPaidAmt018245
IRS990/PYTotalExpensesAmt066313
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0100497
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt016377
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt096074
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt026079
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt026059
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt026710
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt024510
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt028449
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0131807
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt07740
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt08164
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt09499
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt05750
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt08280
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt039433
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0332442
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt011055
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt01347
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt02680
IRS990ScheduleA/OtherIncome170Grp/TotalAmt015082
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.70740
IRS990ScheduleA/PublicSupportPY170Pct00.63840
IRS990ScheduleA/PublicSupportTotal170Amt0131807
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt026079
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt026059
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt026710
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt024510
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt028449
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0131807
IRS990ScheduleA/TotalSupportAmt0186322
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/CollectionUsedPreservationInd0X
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt051442
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt051442
IRS990ScheduleD/ExpensesNotReportedAmt034698
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt067246
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt019414
IRS990ScheduleD/OtherExpensesIncludedAmt034698
IRS990ScheduleD/OtherRevenueAmt034698
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0532373
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/RevenueNotReportedAmt054112
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt083623
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 34,698.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3SPECIAL EVENT EXPENSE 34,698.
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/TotalBookValueSecuritiesAmt0532373
IRS990ScheduleD/TotalExpensesPerForm990Amt067246
IRS990ScheduleD/TotalRevenuePerForm990Amt083623
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0137735
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0101944
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt034698
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF CLASSIC
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0ADOPT A STUDENT
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt026030
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt013920
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt030045
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt069995
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt026030
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt013920
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt030045
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt069995
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt035297
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt017582
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt034698
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt05086
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt012030
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt03
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt07500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0GRANTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt03
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 11B
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
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0380830740
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO REPRESENT THE PHARMACY PROFESSION FOR ADVANCING PUBLIC HEALTH AND PATIENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0408 KALAMAZOO PLAZA

Document Assets

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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