Overview
What is Kentucky Pharmacy Education & Research Foundation Inc?
Kentucky Pharmacy Education & Research Foundation Inc, headquartered in Frankfort, Kentucky, is a nonprofit organization dedicated to supporting the field of pharmacy. Its primary mission is to advance the pharmacy profession through networking opportunities, educational accreditation, and continuous education programs. By offering these services, the foundation assists Kentucky pharmacists in meeting their annual continuing education license requirements, as mandated by the Commonwealth of Kentucky. Beyond this, the foundation also engages in research projects and career counseling for students, promoting professional development and public health education. With a team of eight dedicated individuals, the Kentucky Pharmacy Education & Research Foundation plays a significant role in fostering growth and excellence within the pharmacy sector in Kentucky.
Official website here: www.kphanet.org/education
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91% (Four-Star out of Four Star Rating)
The Kentucky Pharmacy Education & Research Foundation Inc has achieved a notable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The charity scored 91% overall, which is entirely attributed to its excellent stewardship of financial resources, showcasing a commitment to transparency and responsibility in its operations.
One of the key strengths of the organization is its governance structure. It boasts a fully independent board of directors, with a complete score of 100% for independent members. The foundation also has robust audit and oversight practices, as evidenced by perfect scores in several governance-related areas, including conflict of interest and whistleblower policies.
While the financial health indicators are largely positive, the liabilities to assets ratio of 56.30% suggests that there is some level of debt relative to its assets. However, this is balanced by an impressive program expense ratio of 97.73%, indicating that a significant majority of the funds are directed towards its programs and mission-related activities. Overall, the foundation demonstrates a strong commitment to its financial responsibilities and effective governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Kentucky Pharmacy Education & Research Foundation Inc legitimate?
Kentucky Pharmacy Education & Research Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kentucky Pharmacy Education & Research Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $447,563
For more financial information, click here
Official website here: www.kphanet.org/education
What is the mission statement of Kentucky Pharmacy Education & Research Foundation Inc?
The Kentucky Pharmacy Education & Research Foundation's mission is to advance the pharmacy profession. They achieve this goal by offering networking opportunities and providing educational accreditation and continuing education opportunities to meet the annual CE license requirements, which are mandated by the Commonwealth of Kentucky. The foundation supports various educational programs and research projects in the field of pharmacy, including career counseling, student assistance, continuing and professional development, and public health education and assistance.
Official website here: www.kphanet.org/education
Who is the CEO of Kentucky Pharmacy Education & Research Foundation Inc?
Ben Mudd is the Executive Di of Kentucky Pharmacy Education & Research Foundation Inc.
Official website here: www.kphanet.org/education
What is the revenue of Kentucky Pharmacy Education & Research Foundation Inc?
Kentucky Pharmacy Education & Research Foundation Inc's revenue in 2022 was $6,039,566.
Official website here: www.kphanet.org/education
Who are the executives of Kentucky Pharmacy Education & Research Foundation Inc and what are their salaries?
The average compensation at Kentucky Pharmacy Education & Research Foundation Inc during 2022 was $55,945. There are 8 employees at Kentucky Pharmacy Education & Research Foundation Inc.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $162,811
- Other: $13,019
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.kphanet.org/education
Where can I find the form 990 for Kentucky Pharmacy Education & Research Foundation Inc?
Kentucky Pharmacy Education & Research Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kphanet.org/education
Learn more at the official website: www.kphanet.org/education
Mission Statement of Kentucky Pharmacy Education & Research Foundation Inc
The Kentucky Pharmacy Education & Research Foundation, in its mission, aims to bolster the pharmacy profession by facilitating networking opportunities and offering educational accreditation and continuous education programs. These initiatives are designed to help Kentucky pharmacists meet their annual Continuing Education (CE) license requirements, which are mandated by the Commonwealth of Kentucky. The foundation's activities extend beyond this, as it also sponsors, establishes, fosters, and promotes educational programs and research projects in the field of pharmacy. This encompasses career counseling and student assistance, continuing and professional development, and public health education and assistance.
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Impact
October, 2024
The Kentucky Pharmacy Education & Research Foundation Inc. plays a crucial role in enhancing the pharmacy profession in Kentucky. By providing educational accreditation and a variety of continuing education opportunities, it ensures that pharmacists meet their annual continuing education license requirements mandated by the state. This commitment not only supports professional growth but also promotes high standards of practice within the pharmacy community.
Additionally, the foundation fosters educational programs and research projects that address various aspects of pharmacy, ranging from career counseling and student assistance to professional development and public health education. By advancing knowledge and skills among pharmacists, it ultimately contributes to improved healthcare outcomes and public health initiatives across the state. The networking opportunities facilitated by the foundation further strengthen the professional ties within the pharmacy community, fostering collaboration and the sharing of best practices. Overall, the foundation's efforts are instrumental in advancing the pharmacy profession and enhancing the quality of care provided to patients in Kentucky.
This information is meant to be a general summary of Kentucky Pharmacy Education & Research Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $465,931
- Gross Receipts: $6,039,566
Assets and Liabilities:
- Total Assets: $1,079,468
- Total Liabilities: $607,756
- Net Assets: $471,712
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FACILITY FEES
Revenue
$435,263
CE FEES
Revenue
$27,818
ANNUAL MEETING
Revenue
$2,850
Organization Details
Founding Year
1980
Phone
(502) 222-7230Principal Officer
Ben Mudd
Main Address
96 C MICHAEL DAVENPORT BLVD, FRANKFORT, KY, 40601
Website
www.kphanet.org/educationNTEE Category
Code: B05 - Education
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