American Pharmacists Association Foundation

“The apha foundation board of directors approved an amendment to the apha foundation bylaws increasing the board size from 10 directors to include "up to 15 directors." this amendment does not change the existing number of 7 elected board members, who are elected to serve by the apha foundation members. Instead, this amendment increases the number of appointed board members from 2 up to 6 appointed director positions, who can be either non-pharmacists (public members) or pharmacists. The one other additional appointed position shall be filled by a student representative from the american pharmacists association's academy of student pharmacists (apha-asp). In addition, the chief executive officer & executive vice president of the american pharmacists association continues to serve as secretary on the apha foundation board for a total of up to 15 directors. Apha foundation board amended the bylaws to allow for future recruitment of candidates, either public or pharmacist members, who have necessary qualities and talents as identified by the board to drive the public mission of the organization forward as a 501(c)(3) charitable organization.”

“A donor may become a member of the foundation by making a $25 contribution.”

“The executive committee of the board of directors reviews the form 990 before it is filed.”

“The conflict of interest policy is reviewed and signed by all the board of directors annually. The foundation executive director reviews any business transactions (compensation/services rendered) with board members and this information, if any, is disclosed to the foundation's legal counsel. Legal counsel discloses this information during the executive session review of the board of directors meetings.”

“Top management official: the foundation board of directors approves the top management official's employment contract. The compensation in the employment contract was determined through comparability analysis conducted by an independent consultant. Other officers and key employees: compensation is determined through a yearly comparability analysis conducted by an independent consultant (or in those instances when vacancies occur). Compensation increases are approved by the foundation ceo.”

“The organization makes its articles of incorporation, bylaws, conflict of interest policy, and audited financial statements available to the public upon request.”

“Project management: program service expenses 4,979. Management and general expenses -10. Fundraising expenses 208. Total expenses 5,177. Consulting fees: program service expenses 353,425. Management and general expenses -675. Fundraising expenses 14,738. Total expenses 367,488. Other professional fees: program service expenses 427,318. Management and general expenses -815. Fundraising expenses 17,818. Total expenses 444,321.”

“Oversight of audit has not changed from prior year.”