Civic Intelligence

Pharmacy Leadership & Education

EIN 58-2296988 • 501(c)3 • South Lyon, MI

Profile

The pharmacy leadership & education institute (plei) develops leaders among student pharmacists and pharmacists by conducting programs to improve leadership skills, to strengthen the profession, and thereby advance the public health. Plei takes a special interest in supporting and advancing the phi delta chi pharmacy fraternity's mission of developing pharmacy's future leaders.

PO Box 115South Lyon, MI 48178

n/A

Siviq Scores

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

Liabilities / Assets

18th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

19th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

86th percentile

40%

Higher net margin than 86% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

78th percentile

$9,980

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 10.9% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

62nd percentile

8.4%

Faster asset growth than 62% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

23rd percentile

-8.7%

Faster revenue growth than 23% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,539,758

Up $118,794 (+8.4%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$1,539,758

Up $118,794 (+8.4%) from 2023

Revenue

Down

$218,421

Down $20,850 (-8.7%) from 2023

Expenses

Up

$130,842

Up $44,346 (+51%) from 2023

Net Income

Down

$87,579

Down $65,196 (-43%) 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$0Assets 2010: $275,802Net Assets 2010: $275,8022010Assets 2011: $301,591Net Assets 2011: $301,5912011Assets 2012: $337,695Net Assets 2012: $337,6952012Assets 2013: $369,350Net Assets 2013: $369,3502013Assets 2014: $397,977Liabilities 2014: $02014Assets 2015: $425,331Net Assets 2015: $425,3312015Assets 2016: $519,474Liabilities 2016: $17,089Net Assets 2016: $502,3852016Assets 2017: $578,474Liabilities 2017: $0Net Assets 2017: $578,4742017Assets 2018: $587,660Liabilities 2018: $0Net Assets 2018: $587,6602018Assets 2019: $723,785Liabilities 2019: $88Net Assets 2019: $723,6972019Assets 2020: $1,167,665Liabilities 2020: $0Net Assets 2020: $1,167,6652020Assets 2021: $1,322,086Liabilities 2021: $0Net Assets 2021: $1,322,0862021Assets 2022: $1,167,073Liabilities 2022: $0Net Assets 2022: $1,167,0732022Assets 2023: $1,420,964Liabilities 2023: $0Net Assets 2023: $1,420,9642023Assets 2024: $1,539,758Liabilities 2024: $0Net Assets 2024: $1,539,7582024

Highlighted filing

2024

Assets$1,539,758
Liabilities$0
Net Assets$1,539,758

Operations Trend

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

$400K$300K$200K$100K$0Revenue 2010: $68,180Expenses 2010: $27,599Net Income 2010: $40,5812010Revenue 2011: $46,410Expenses 2011: $21,118Net Income 2011: $25,2922011Revenue 2012: $72,555Expenses 2012: $51,130Net Income 2012: $21,4252012Revenue 2013: $70,167Expenses 2013: $61,715Net Income 2013: $8,4522013Revenue 2014: $135,153Expenses 2014: $123,245Net Income 2014: $11,9082014Revenue 2015: $91,739Expenses 2015: $59,255Net Income 2015: $32,4842015Revenue 2016: $168,977Expenses 2016: $108,689Net Income 2016: $60,2882016Revenue 2017: $109,735Expenses 2017: $65,755Net Income 2017: $43,9802017Revenue 2018: $244,960Expenses 2018: $97,402Net Income 2018: $147,5582018Revenue 2019: $142,247Expenses 2019: $70,200Net Income 2019: $72,0472019Revenue 2020: $390,275Expenses 2020: $42,261Net Income 2020: $348,0142020Revenue 2021: $114,620Expenses 2021: $70,590Net Income 2021: $44,0302021Revenue 2022: $129,865Expenses 2022: $105,231Net Income 2022: $24,6342022Revenue 2023: $239,271Expenses 2023: $86,496Net Income 2023: $152,7752023Revenue 2024: $218,421Expenses 2024: $130,842Net Income 2024: $87,5792024

Highlighted filing

2024

Revenue$218,421
Expenses$130,842
Net Income$87,579

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.54$0.00$1.54$0.22$0.13$0.09
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.42$0.00$1.42$0.24$0.09$0.15
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.17$0.00$1.17$0.13$0.11$0.02
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.32$0.00$1.32$0.11$0.07$0.04
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.17$0.00$1.17$0.39$0.04$0.35
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.72$0.00$0.72$0.14$0.07$0.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.59$0.00$0.59$0.24$0.10$0.15
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$0.00$0.58$0.11$0.07$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.52$0.02$0.50$0.17$0.11$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.43$0.43$0.09$0.06$0.03
2014Summary only. Only limited summary data is available for this year.$0.40$0.00$0.14$0.12$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.37$0.37$0.07$0.06$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.34$0.34$0.07$0.05$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.30$0.30$0.05$0.02$0.03
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.28$0.28$0.07$0.03$0.04
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 23, 2023
Return Version
2022v5.0
Gross Receipts
$129,865
Mission and Program Overview

Mission

The pharmacy leadership & education institute (plei) develops leaders among student pharmacists and pharmacists by conducting programs to improve leadership skills, to strengthen the profession, and thereby advance the public health. Plei takes a special interest in supporting and advancing the phi delta chi pharmacy fraternity's mission of developing pharmacy's future leaders.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,249,287$1,119,447▼ $129,840
Cash and Non-Interest-Bearing Accounts$33,551$38,377▲ $4,826
Savings and Temporary Cash Investments$39,248$9,249▼ $29,999
Total Assets$1,322,086$1,167,073▼ $155,013
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,322,086$1,167,073▼ $155,013
Total Net Assets Fund Balance$1,322,086$1,167,073▼ $155,013
Total Liabilities and Net Assets / Fund Balance$1,322,086$1,167,073▼ $155,013

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$1,249,287$69,111▼ $147,069$20,739$1,119,447
2021$1,139,904$36,378▲ $133,056$28,034$1,249,287
2020$700,384$336,997▲ $117,500-$1,139,904
2019$551,174$88,199▲ $78,887$4,762$700,384
2018$563,109$58,350▼ $56,880-$551,174
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Michael NegreteBoard MemberPT$13,534$13,534
Nancy AlvarezBoard Member-$5,979$5,979
Gary RedfeatherFormer Board-$1,850$1,850

Board Members and Trustees

NameTitle
John GrabensteinChairman
Amy ValdezBoard Member
Andrea BourqueBoard Member
Dennis B WorthenBoard Member
Emanuel GeorgeBoard Member
Kenny WalkupBoard Member
Kevin AndersonBoard Member
Macary MarciniakBoard Member
Michael MoneBoard Member
Mike HeathBoard Member
Traci K ThompsonBoard Member
Jo BonassoFormer Board
Ralph SaroyanCFO
Ron CoreyExecutive Di
Revenue and Support

Revenue Composition

Contributions and Grants
$39,895
Program Service Revenue
$57,391
Investment Income
$32,579
Other Revenue
$0
All Other Contributions
$39,895
Change in Net Assets
$24,634
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$63,968
Salaries, Compensation, and Employee Benefits$21,363
Grants and Similar Amounts Paid$19,900
Total Fundraising Expense$69
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$21,363--$21,363
Grants to Domestic Individuals$19,900--$19,900
Fees for Services Management-$13,000-$13,000
Fees for Service Investment Mgmnt Fees-$11,243-$11,243
Fees for Services Accounting-$3,000-$3,000
Travel$1,877--$1,877
Insurance-$1,594-$1,594
Office Expenses-$1,558-$1,558
Other Expenses$22,876$1,229-$1,229
Information Technology-$969-$969
All Other Expenses$505$-84$69$490
Advertising-$61-$61
Total Functional Expenses$66,521$38,641$69$105,231
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
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

During the year ended december 31, 2022, the organization outsourced its management duties to jorwalk management. The organization paid 13,000 for these services during the year.

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

The form 990 is reviewed by the executive director prior to filing.

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

Each member of the board or member of any committee shall annually sign a statement which affirms such person: 1) has received a copy of the conflict of interest policy 2) has read and understands the policy 3) has agreed to comply with the policy 4) understands plei is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.

Form 990, Page 6, Part VI, Line 19

Documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Pharmacy Leadership & Education
EIN
58-2296988
Phone
8779299590
Address
PO BOX 115, SOUTH LYON, MI 48178

Signing Officer

Name
Ron Corey
Title
Executive Director
Phone
9738845757
Signed
2023-10-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ron Corey
Formed
2001
Legal Domicile
Ga
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
25

Preparer

Firm
Cole Newton & Duran Cpas
Address
33762 SCHOOLCRAFT RD, LIVONIA, MI 48150
Preparer
Gretchen Stuart CPA
Phone
7344272030
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The pharmacy leadership & education institute (plei) develops leaders among student pharmacists and pharmacists by conducting programs to improve leadership skills, to strengthen the profession, and thereby advance the public health. Plei takes a special interest in supporting and advancing the phi delta chi pharmacy fraternity's mission of developing pharmacy's future leaders.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The endowment funds are intended to be used to support future scholarships and awards for student pharmacists and pharmacists.

Raw XML AppendixShowing 400 of 473 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
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IRS990/ForeignFinancialAccountInd0false
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1CFO
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IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
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IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0969
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IRS990/MissionDesc0THE PHARMACY LEADERSHIP & EDUCATION INSTITUTE (PLEI) DEVELOPS LEADERS AMONG STUDENT PHARMACISTS AND PHARMACISTS BY CONDUCTING PROGRAMS TO IMPROVE LEADERSHIP SKILLS, TO STRENGTHEN THE PROFESSION, AND THEREBY ADVANCE THE PUBLIC HEALTH. PLEI TAKES A SPECIAL INTEREST IN SUPPORTING AND ADVANCING THE PHI DELTA CHI PHARMACY FRATERNITY'S MISSION OF DEVELOPING PHARMACY'S FUTURE LEADERS.
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IRS990/OtherExpensesGrp/Desc2ONLINE SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3CREDIT CARD PROCESSING
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11974
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21229
IRS990/OtherExpensesGrp/ProgramServicesAmt022876
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IRS990/OtherExpensesGrp/TotalAmt21974
IRS990/OtherExpensesGrp/TotalAmt31229
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IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM INCOME
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IRS990/ProgSrvcAccomActy2Grp/Desc0SALE OF EDUCATIONAL TEXTBOOKS AND SLIDES FOR PHARMACY STUDENTS.
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IRS990ScheduleA/PublicSupportPY170Pct00.47990
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt071369
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0358859
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt068726
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt058430
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0597279
IRS990ScheduleA/TotalSupportAmt0704015
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt069111
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01119447
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt019900
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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt04762
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt04783
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IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ENDOWMENT FUNDS ARE INTENDED TO BE USED TO SUPPORT FUTURE SCHOLARSHIPS AND AWARDS FOR STUDENT PHARMACISTS AND PHARMACISTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt040
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PHARMACY LEADERSHIP & EDUCATION INSTITUTE (PLEI) DEVELOPS LEADERS AMONG STUDENT PHARMACISTS AND PHARMACISTS BY CONDUCTING PROGRAMS TO IMPROVE LEADERSHIP SKILLS, TO STRENGTHEN THE PROFESSION, AND THEREBY ADVANCE THE PUBLIC HEALTH. PLEI TAKES A SPECIAL INTEREST IN SUPPORTING AND ADVANCING THE PHI DELTA CHI PHARMACY FRATERNITY'S MISSION OF DEVELOPING PHARMACY'S FUTURE LEADERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DURING THE YEAR ENDED DECEMBER 31, 2022, THE ORGANIZATION OUTSOURCED ITS MANAGEMENT DUTIES TO JORWALK MANAGEMENT. THE ORGANIZATION PAID 13,000 FOR THESE SERVICES DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EACH MEMBER OF THE BOARD OR MEMBER OF ANY COMMITTEE SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: 1) HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY 2) HAS READ AND UNDERSTANDS THE POLICY 3) HAS AGREED TO COMPLY WITH THE POLICY 4) UNDERSTANDS PLEI IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
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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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false

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