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Michigan Pharmacy Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 383122918 ✦ Lansing, MI ✦ Designated as a 501(c)(3)

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Overview

What is Michigan Pharmacy Foundation?

Michigan Pharmacy Foundation is a nonprofit organization situated in Lansing, Michigan. With a single employee, their primary focus is on advancing the field of pharmacy by promoting education, practice innovation, and research. They aim to enhance patient care and contribute to public health and education improvement. To achieve this, they provide research grants, pilot funds, and student grants, as well as educate interested parties through conferences, conventions, and meetings. The foundation's mission is to drive progress in pharmacy, utilizing education, innovative practices, and rigorous research to improve patient care.


Official website here: www.michiganpharmacists.org/foundation

What are the reviews and ratings of this charity?

Charity Navigator Rating: 97% (Four-Star out of Four Star Rating)

The Michigan Pharmacy Foundation has achieved an impressive 97% rating from Charity Navigator, reflecting a strong commitment to accountability and finance. This high score is derived entirely from the foundation's robust performance in financial governance, demonstrating effective management of its resources. The organization boasts a fully independent board, with all members adhering to best practices in governance.

Strengths highlighted include a perfect score for its board composition, material asset management, and various policies that ensure transparency and ethical conduct. With a program expense ratio of 72.17%, the foundation is focused on utilizing a significant portion of its resources directly for its programs, indicating a strong alignment with its mission.

There are no notable limitations in the data provided, further reinforcing the foundation's reputation for accountability and effective financial practices. Overall, the Michigan Pharmacy Foundation stands out as a well-managed organization committed to its objectives and the community it serves.


This AI summary has been generated from information found on Charity Navigator.

Is Michigan Pharmacy Foundation legitimate?

Michigan Pharmacy Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Michigan Pharmacy Foundation 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: $45,363
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.michiganpharmacists.org/foundation

What is the mission statement of Michigan Pharmacy Foundation?

The Michigan Pharmacy Foundation's mission is geared towards enhancing pharmacy practices by focusing on education, innovation, and research, all with a primary goal of improving patient care. This mission is designed to contribute positively to public health and education. The foundation achieves this by offering research grants, pilot funds, and student awards. Furthermore, they educate interested parties through various events such as conferences, conventions, and meetings.


Official website here: www.michiganpharmacists.org/foundation

Who is the CEO of Michigan Pharmacy Foundation?

Mark Glasper is the Trustee of Michigan Pharmacy Foundation.


Official website here: www.michiganpharmacists.org/foundation

What is the revenue of Michigan Pharmacy Foundation?

Michigan Pharmacy Foundation's revenue in 2022 was $50,016.


Official website here: www.michiganpharmacists.org/foundation

Who are the executives of Michigan Pharmacy Foundation and what are their salaries?

The average compensation at Michigan Pharmacy Foundation during 2022 was $45,363. There is 1 employee and 15 volunteers at Michigan Pharmacy Foundation.


Here are 15 key members and their salaries:


John Brubaker (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Gottschall (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Annette Rowe (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Denise Markstrom (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amy Adams (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Vander Linde (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Kadlec (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Crowe (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amy Smendik (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rox Gatia (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Maksym (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Margaret Peggy Malovrh (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Erickson (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Glasper (Secretary)
  • Compensation: $0
  • Related: $176,964
  • Other: $17,033
Rick Drabek (Executive Director (Started 3/2022))
  • Compensation: $38,846
  • Related: $0
  • Other: $878


Official website here: www.michiganpharmacists.org/foundation

Where can I find the form 990 for Michigan Pharmacy Foundation?

Michigan Pharmacy Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.michiganpharmacists.org/foundation

Learn more at the official website: www.michiganpharmacists.org/foundation

Mission Statement of Michigan Pharmacy Foundation

The Michigan Pharmacy Foundation, with a focus on advancing pharmacy, dedicates its efforts towards enhancing patient care through education, practice innovation, and research. The organization's mission is threefold, aiming to improve and promote public health and public education. It accomplishes this by providing research grants, pilot funds, and student grants, as well as educating interested parties through conferences, conventions, and meetings. This holistic approach to pharmacy advancement allows the Michigan Pharmacy Foundation to contribute significantly to the betterment of healthcare services and outcomes for the general public.

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Impact




August, 2024

Michigan Pharmacy Foundation's impact is centered on advancing pharmacy through education, practice innovation, and research focused on patient care. The foundation provides research grants, pilot funds, and student grants to support these endeavors. Additionally, they educate interested parties through conferences, conventions, and meetings. Overall, Michigan Pharmacy Foundation works towards the improvement and promotion of public health and public education, making a significant impact in the pharmacy field.




This information is meant to be a general summary of Michigan Pharmacy Foundation. 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.

Revenue
$50,016 (2022)
Expenses
$110,695 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$2,513
  • Gross Receipts: $152,004

Assets and Liabilities:

  • Total Assets: $802,836
  • Total Liabilities: $31,293
  • Net Assets: $771,543

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Organization Details

Founding Year

1992

Principal Officer

Mark Glasper

Main Address

408 KALAMAZOO PLAZA, LANSING, MI, 48933

NTEE Category

Code: T30Z - Philanthropy

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