Civic Intelligence

American Association of Pharmaceutical

EIN 52-1444968 • 501(c)3 • Arlington, VA

View Organization Page

Profile

AAPS advances the capacity of pharmaceutical scientists to develop products and therapies that improve global health.

2107 Wilson Boulevard 200Arlington, VA 22201-3042

www.aaps.org

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.65x

Higher debt load relative to assets than 82% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

79th percentile

0.87x

Higher debt load relative to revenue than 79% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

7th percentile

-39%

Higher net margin than 7% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

91st percentile

$525,758

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 6.8% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

4th percentile

-26%

Faster asset growth than 4% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

41st percentile

3.3%

Faster revenue growth than 41% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Down

$10,225,078

Down $3,679,954 (-26%) from 2023

Liabilities

Down

$6,665,982

Down $1,676,884 (-20%) from 2023

Net Assets

Down

$3,559,096

Down $2,003,070 (-36%) from 2023

Operations
Liabilities / Revenue79th percentileNet Margin7th percentile

Revenue

Up

$7,698,359

Up $243,485 (+3.3%) from 2023

Expenses

Up

$10,681,879

Up $412,585 (+4.0%) from 2023

Net Income

Down

-$2,983,520

Down $169,100 (-6.0%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth4th percentile

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

$30M$20M$10M$0Assets 2012: $19,852,813Liabilities 2012: $6,087,764Net Assets 2012: $13,765,0492012Assets 2013: $23,151,339Liabilities 2013: $7,854,917Net Assets 2013: $15,296,4222013Assets 2014: $24,615,216Liabilities 2014: $8,089,912Net Assets 2014: $16,525,3042014Assets 2015: $22,372,063Liabilities 2015: $7,734,455Net Assets 2015: $14,637,6082015Assets 2016: $22,529,584Liabilities 2016: $6,812,507Net Assets 2016: $15,717,0772016Assets 2017: $22,014,984Liabilities 2017: $6,675,365Net Assets 2017: $15,339,6192017Assets 2018: $20,814,128Liabilities 2018: $6,398,067Net Assets 2018: $14,416,0612018Assets 2019: $19,207,654Liabilities 2019: $5,543,456Net Assets 2019: $13,664,1982019Assets 2020: $17,366,761Liabilities 2020: $5,207,268Net Assets 2020: $12,159,4932020Assets 2021: $17,272,832Liabilities 2021: $5,227,522Net Assets 2021: $12,045,3102021Assets 2023: $13,905,032Liabilities 2023: $8,342,866Net Assets 2023: $5,562,1662023Assets 2024: $10,225,078Liabilities 2024: $6,665,982Net Assets 2024: $3,559,0962024

Highlighted filing

2024

Assets$10,225,078
Liabilities$6,665,982
Net Assets$3,559,096
Open 2024 Filing

Operations Trend

Revenue Growth41st percentile

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

$15M$10M$5.0M$0-$5.0MExpenses 2012: $12,078,8492012Revenue 2013: $678,174Expenses 2013: $2,085,715Net Income 2013: -$1,407,5412013Revenue 2014: $12,467,136Expenses 2014: $12,186,976Net Income 2014: $280,1602014Revenue 2015: $12,051,481Expenses 2015: $12,665,959Net Income 2015: -$614,4782015Revenue 2016: $11,376,081Expenses 2016: $11,584,295Net Income 2016: -$208,2142016Revenue 2017: $10,457,177Expenses 2017: $11,416,279Net Income 2017: -$959,1022017Revenue 2018: $9,765,317Expenses 2018: $11,005,393Net Income 2018: -$1,240,0762018Revenue 2019: $10,419,886Expenses 2019: $10,942,163Net Income 2019: -$522,2772019Revenue 2020: $8,815,157Expenses 2020: $9,455,739Net Income 2020: -$640,5822020Revenue 2021: $11,114,261Expenses 2021: $8,092,166Net Income 2021: $3,022,0952021Revenue 2023: $7,454,874Expenses 2023: $10,269,294Net Income 2023: -$2,814,4202023Revenue 2024: $7,698,359Expenses 2024: $10,681,879Net Income 2024: -$2,983,5202024

Highlighted filing

2024

Revenue$7,698,359
Expenses$10,681,879
Net Income-$2,983,520
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,225,078
Liabilities
$6,665,982
Net assets
$3,559,096
Revenue
$7,698,359
Expenses
$10,681,879
Net income
-$2,983,520
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$10.2$6.67$3.56$7.70$10.7$2.98
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.9$8.34$5.56$7.45$10.3$2.81
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2021Detailed filing. Detailed filing data is available for this year.$17.3$5.23$12.0$11.1$8.09$3.02
2020Detailed filing. Detailed filing data is available for this year.$17.4$5.21$12.2$8.82$9.46$0.64
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.2$5.54$13.7$10.4$10.9$0.52
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.8$6.40$14.4$9.77$11.0$1.24
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.0$6.68$15.3$10.5$11.4$0.96
2016Detailed filing. Detailed filing data is available for this year.$22.5$6.81$15.7$11.4$11.6$0.21
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.4$7.73$14.6$12.1$12.7$0.61
2014Detailed filing. Detailed filing data is available for this year.$24.6$8.09$16.5$12.5$12.2$0.28
2013Summary only. Only limited summary data is available for this year.$23.2$7.85$15.3$0.68$2.09$1.41
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.9$6.09$13.8$12.1
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Aug 11, 2025
Return Version
2023v6.0
Gross Receipts
$13,657,390
Mission and Program Overview

Mission

AAPS advances the capacity of pharmaceutical scientists to develop products and therapies that improve global health.

To provide a forum for open exchange and dissemination of scientific knowledge.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,736,825$5,932,935▼ $803,890
Savings and Temporary Cash Investments$2,532,274$987,939▼ $1,544,335
Cash and Non-Interest-Bearing Accounts$513,259$892,657▲ $379,398
Land, Buildings, and Equipment, Net$802,085$721,127▼ $80,958
Prepaid Expenses and Deferred Charges$1,040,088$643,760▼ $396,328
Accounts Receivable$260,678$274,449▲ $13,771
Total Assets$13,905,032$10,225,078▼ $3,679,954
Other Assets Total$2,019,823$772,211▼ $1,247,612
Liabilities
Deferred Revenue$5,381,312$4,810,210▼ $571,102
Other Liabilities$2,549,449$1,381,965▼ $1,167,484
Accounts Payable and Accrued Expenses$412,105$473,807▲ $61,702
Total Liabilities$8,342,866$6,665,982▼ $1,676,884
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,299,599$3,295,511▼ $2,004,088
Net Assets With Donor Restrictions$262,567$263,585▲ $1,018
Total Net Assets Fund Balance$5,562,166$3,559,096▼ $2,003,070
Total Liabilities and Net Assets / Fund Balance$13,905,032$10,225,078▼ $3,679,954

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$330,307$829,667$1,159,974
Leasehold Improvements$376,448-$376,448
Equipment$14,372$87,371$101,743
Other Assets Org$492,429--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$197,532$0▲ $32,814-$228,214
2022$189,382$2,000▲ $20,310-$197,532
2021$255,647$4,776▼ $68,992-$189,382
2020$226,719-▲ $41,207-$255,647
2019$196,046$20,000▲ $10,673-$226,719
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tina Morris PhdExecutive DirectorFT$450,825$74,933$525,758
Erik Burns Sr Dir CorpEng. & Strategic BusinessFT$219,657$22,482$242,139
Joy DavisManaging DirectorFT$199,046$29,514$228,560
Sherry Martin-longIt DirectorFT$165,450$37,501$202,951
Stephanie DeasonControllerFT$149,639$33,793$183,432
Maria L BoxMembership & Communities DirectorFT$127,226$23,430$150,656
Stacey RoystonDigital Support DirectorFT$127,496$14,281$141,777
Stephenie ZvonkovichMeetings DirectorFT$120,022$19,569$139,591

Board Members and Trustees

NameTitle
Patrick J Sinko Phd RphImmediate Past President
Gopi Shankar Phd Mba FaapsPresident
Russell Weiner PhdPresident-elect
Aliasger Salem PhdMember-at-large
Amanda Hays PhdMember-at-large
Cindy Oksanen PhdMember-at-large
Nikoletta Fotaki Phd FaapsMember-at-large
Peter Swann Phd FaapsMember-at-large
Faye Vazvaei-smith MsMember-at-large Until 10/25/23
Lakshmi Amaravadi PhdMember-at-large Until 10/25/23
Tapan Das PhdTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
FreemanMeeting Event ServicesPO BOX 734596, Dallas, TX 75373$1,057,730
Marketing General INCMarketing Services625 N WASHINGTON ST SUITE 450, Alexandria, VA 22314$872,024
Orange County Convention CenterRental Space And Catering For Ps360 ConfPO BOX 691509, Orlando, FL 32819$212,225
National Trade Productions INCPs360 Exhibit ServicesPO BOX 744812, Atlanta, GA 30374$200,534
Springer NatureJournal Publishing233 SPRING STREET, New York, NY 10013$138,230
Revenue and Support

Revenue Composition

Contributions and Grants
$692,435
Program Service Revenue
$6,244,760
Investment Income
$105,247
Other Revenue
$655,917
All Other Contributions
$692,435
Change in Net Assets
$-2,983,520

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,665,430
Revenue Not Reported on Financial Statements
$32,929
Revenue Not Reported on Form 990
$1,034,137
Total Revenue per Audited Statements
$8,699,567
Total Revenue per Form 990
$7,698,359
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,764,323
Salaries, Compensation, and Employee Benefits$3,873,804
Grants and Similar Amounts Paid$43,752
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$3,444,070$5,935-$3,450,005
Other Salaries and Wages$1,486,143$574,739-$2,060,882
Current Officers, Directors, Trustees, and Key Employees$664,913$342,202-$1,007,115
Fees for Services Other$904,580$61,939-$966,519
Information Technology$486,648$31,051-$517,699
Other Employee Benefits$367,408$6,822-$374,230
Travel$300,911$8,717-$309,628
Occupancy$252,274$46,551-$298,825
Advertising$231,500$3,270-$234,770
Payroll Taxes$140,106$91,355-$231,461
Office Expenses$93,225$136,436-$229,661
Pension Plan Contributions$116,799$83,317-$200,116
Fees for Services Accounting$177,985$16,442-$194,427
Depreciation Depletion-$151,232-$151,232
Insurance$86,142$6,660-$92,802
Fees for Services Legal$13,852$22,018-$35,870
Fees for Service Investment Mgmnt Fees-$32,929-$32,929
Grants to Domestic Orgs$31,870--$31,870
Foreign Grants$7,500--$7,500
Other Expenses$2,159$2,957-$5,116
Grants to Domestic Individuals$4,382--$4,382
Total Functional Expenses$9,009,718$1,672,161$0$10,681,879

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$10,681,879
Expenses per Audited Statements$10,648,950
Total Expenses per Audited Statements$10,648,950
Expenses Not Reported on Financial Statements$32,929
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
1
Employees
27
Spending
$7,500

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (including Iceland & Greenland) - Albania, Andorra, Austria, BelgiumGrantmakingStudent Chapter Stipends00$2,500
North America - Canada and Mexico, But Not the United StatesGrantmakingStudent Chapter Stipends127$2,250
South Asia - Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal,GrantmakingStudent Chapter Stipends00$1,500
East Asia and the Pacific - Australia, Brunei, Burma, Cambodia,GrantmakingStudent Chapter Stipends00$1,250
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$1,342,544
Deferred Compensation Liability$30,511
Sublease Security Deposit$8,910
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“There are three classes of membership. Members: an individual who supports the objectives of the association and is willing to contribute to the achievement of those objectives. Fellows: a member deemed to have made a meritorious contribution to the advancement of science and elected by the executive council. Honorary members: an individual granted such status by the executive council. They have no voting rights and may not hold office”

Form 990, Part VI, Section A, Line 7A

“The president-elect, treasurer, and the at-large members of the board of directors shall be elected by the entire voting membership. A committee on nominations is selected from among members to nominate at least two candidates for president-elect, treasurer, and for each at-large member of the board of directors.”

Form 990, Part VI, Section A, Line 7B

“Each proposed amendment of the bylaws, with the advice of counsel and the approval of the executive council, shall be submitted by ballot to all association members entitled to vote. A proposed amendment of the bylaws shall become effective upon receiving two-thirds majority of votes cast.”

Form 990, Part VI, Section B, Line 11B

“A draft of the form 990 is reviewed by the aaps accounting manager, controller, and executive director, who signs the return. The draft copy is provided to the aaps audit committee and the aaps board of directors for review. Subsequent to all of these actions, the form 990 is filed.”

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

“The conflict-of-interest declaration is read, signed, and reviewed by all members of the governing body and key employees.”

Form 990, Part VI, Section B, Line 15

“The compensation review and all compensation changes for the executive director are made by the compensation committee, which is made up of officers of the board of directors. The review of the executive director is completed annually. Benchmark data from comparable organizations is made available to the compensation committee during the review. All other employee compensation decisions are made by the executive director based on benchmark data from asae and other comparable organizations.”

Form 990, Part VI, Section C, Line 19

“The governing documents and conflict of interest policy are available upon request. The financial statements are available upon request for the same period of disclosure as set forth in irs section 6104(d).”

Filing and Contact Details

Filer

Filer Name
American Association of Pharmaceutical
EIN
52-1444968
Phone
7032432800
Address
2107 WILSON BOULEVARD 200, ARLINGTON, VA 22201-3042
Doing Business As
Aaps

Signing Officer

Name
Tina Morris Phd
Title
Executive Director
Phone
7032432800
Signed
2025-08-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tina Morris Phd
Formed
1986
Legal Domicile
Dc
Voting Board Members
10
Independent Board Members
9
Employees
35
Volunteers
1,700

Preparer

Firm
Cbiz Advisors LLC
Address
1899 L STREET NW 850, WASHINGTON, DC 20036
Preparer
Aaron M Fox
Phone
2022274000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Impairment loss on property and equipment -127,106. Impairment loss on rou asset -154,729.”

Financial Statement Notes

PART V, LINE 4:

“The intended uses of the organization's endowment fund are awards and travelships to conferences.”

PART X, LINE 2:

“The association performed an evaluation of uncertainty in income taxes for the years ended september 30, 2024 and 2023, and determined that there are no matters that would require recognition in the financial statements or that may have any effect on its tax-exempt status.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Impairment loss on property & equipment -91,645. Impairment loss on rou assets -136,503.”

Raw XML AppendixShowing 400 of 863 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
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IRS990/CreditCounselingInd00
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IRS990/ElectionOfBoardMembersInd01
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IRS990/ForeignActivitiesInd01
IRS990/ForeignFinancialAccountInd00
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IRS990/ForeignOfficeInd01
IRS990/Form8282PropertyDisposedOfInd00
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IRS990/Form990PartVIISectionAGrp/PersonNm2PATRICK J SINKO PHD RPH
IRS990/Form990PartVIISectionAGrp/PersonNm3GOPI SHANKAR PHD MBA FAAPS
IRS990/Form990PartVIISectionAGrp/PersonNm4RUSSELL WEINER PHD
IRS990/Form990PartVIISectionAGrp/PersonNm5LAKSHMI AMARAVADI PHD
IRS990/Form990PartVIISectionAGrp/PersonNm6NIKOLETTA FOTAKI PHD FAAPS
IRS990/Form990PartVIISectionAGrp/PersonNm7AMANDA HAYS PHD
IRS990/Form990PartVIISectionAGrp/PersonNm8CINDY OKSANEN PHD
IRS990/Form990PartVIISectionAGrp/PersonNm9ALIASGER SALEM PHD
IRS990/Form990PartVIISectionAGrp/PersonNm10PETER SWANN PHD FAAPS
IRS990/Form990PartVIISectionAGrp/PersonNm11FAYE VAZVAEI-SMITH MS
IRS990/Form990PartVIISectionAGrp/PersonNm12ERIK BURNS SR DIR CORP
IRS990/Form990PartVIISectionAGrp/PersonNm13JOY DAVIS
IRS990/Form990PartVIISectionAGrp/PersonNm14SHERRY MARTIN-LONG
IRS990/Form990PartVIISectionAGrp/PersonNm15STEPHANIE DEASON
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IRS990/Form990PartVIISectionAGrp/PersonNm17STEPHENIE ZVONKOVICH
IRS990/Form990PartVIISectionAGrp/PersonNm18STACEY ROYSTON
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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2IMMEDIATE PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4PRESIDENT-ELECT
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER-AT-LARGE UNTIL 10/25/23
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER-AT-LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER-AT-LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt8MEMBER-AT-LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt9MEMBER-AT-LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt10MEMBER-AT-LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt11MEMBER-AT-LARGE UNTIL 10/25/23
IRS990/Form990PartVIISectionAGrp/TitleTxt12ENG. & STRATEGIC BUSINESS
IRS990/Form990PartVIISectionAGrp/TitleTxt13MANAGING DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14IT DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15CONTROLLER
IRS990/Form990PartVIISectionAGrp/TitleTxt16MEMBERSHIP & COMMUNITIES DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17MEETINGS DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIGITAL SUPPORT DIRECTOR
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IRS990/Form990TFiledInd01
IRS990/FormationYr01986
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IRS990/FSAuditedInd01
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IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/GroupReturnForAffiliatesInd00
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IRS990/IndoorTanningServicesInd00
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IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0AAPS ADVANCES THE CAPACITY OF PHARMACEUTICAL SCIENTISTS TO DEVELOP PRODUCTS AND THERAPIES THAT IMPROVE GLOBAL HEALTH.
IRS990/MoreThan5000KToIndividualsInd00
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IRS990/ProgramServiceRevenueGrp/BusinessCd4541800
IRS990/ProgramServiceRevenueGrp/Desc0REGISTRATIONS/EXHIBITS
IRS990/ProgramServiceRevenueGrp/Desc1MEMBERSHIP DUES

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