Overview
What is Arkansas Pharmacy Foundation?
The Arkansas Pharmacy Foundation is a nonprofit organization situated in Little Rock, Arkansas, specifically at 417 South Victory. Its primary mission is to support and foster the profession of pharmacy within the state. This support involves donations for rebuilding facilities for the Arkansas Pharmacy Association and making loan repayments to the same association. The foundation's activities are geared towards promoting the pharmacy profession in Arkansas, contributing to its growth and development.
Official website here: www.arpharmacists.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement)
The Arkansas Pharmacy Foundation has received a two-star rating from Charity Navigator, indicating a need for improvement in certain areas despite a strong score in accountability and finance. The organization scored 73% overall, with notable strengths including a fully independent board and a low liabilities to assets ratio of just 0.04%. Additionally, it maintains a high program expense ratio of 79.62%, reflecting a commitment to its mission-driven activities.
However, the foundation faces significant limitations, particularly in the transparency of its financial disclosures. It has not provided financial statements, and important policies such as a whistleblower policy and document retention guidelines are missing. Furthermore, the absence of its tax form on the nonprofit's website raises concerns about accessibility to critical financial information for stakeholders.
Overall, while the Arkansas Pharmacy Foundation demonstrates strong accountability practices, the gaps in transparency and policy implementation highlight areas that require attention to enhance its credibility and effectiveness within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Arkansas Pharmacy Foundation legitimate?
Arkansas Pharmacy Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arkansas 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:
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For more financial information, click here
Official website here: www.arpharmacists.org
What is the mission statement of Arkansas Pharmacy Foundation?
The Arkansas Pharmacy Foundation's mission is centered around promoting the profession of pharmacy within the state. This is achieved through various means, with the primary focus being on fostering the growth and development of the pharmacy field in Arkansas. The organization's activities are geared towards advancing the pharmacy profession, with a notable contribution made towards rebuilding facilities for the Arkansas Pharmacy Association and providing funds for loan repayment.
Official website here: www.arpharmacists.org
Who is the CEO of Arkansas Pharmacy Foundation?
John Vinson is the Director of Arkansas Pharmacy Foundation. The CEO's salary of Arkansas Pharmacy Foundation is $0 and their total compensation is $0.
Official website here: www.arpharmacists.org
What is the revenue of Arkansas Pharmacy Foundation?
Arkansas Pharmacy Foundation's revenue in 2022 was $564,759.
Official website here: www.arpharmacists.org
Who are the executives of Arkansas Pharmacy Foundation and what are their salaries?
Here are 25 key members and their salaries (Arkansas Pharmacy Foundation's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.arpharmacists.org
Where can I find the form 990 for Arkansas Pharmacy Foundation?
Arkansas Pharmacy Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.arpharmacists.org
Learn more at the official website: www.arpharmacists.org
Mission Statement of Arkansas Pharmacy Foundation
Arkansas Pharmacy Foundation, a notable entity, is committed to elevating the profession of pharmacy within the state. Its mission is centered around promoting the pharmacy profession in Arkansas, striving to make significant contributions in this field. The organization's activities are geared towards achieving this goal, ultimately benefiting the pharmacy community in the state. The Arkansas Pharmacy Association receives funds raised by the Foundation, which are utilized for reconstructing their facilities. Furthermore, the Foundation also transfers funds to the Arkansas Pharmacy Association for loan repayment purposes. By supporting the pharmacy profession in such a manner, the Arkansas Pharmacy Foundation plays a crucial role in fostering growth and development within the field of pharmacy in Arkansas.
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Impact
July, 2024
The Arkansas Pharmacy Foundation has a significant impact on the profession of pharmacy in Arkansas. It promotes the development and advancement of pharmacy practice in the state through initiatives such as rebuilding facilities for the Arkansas Pharmacy Association and providing loans for repayment. Additionally, the foundation plays a crucial role in offering continuing education opportunities to 40 Arkansas pharmacists, ensuring that they stay updated on the latest practices and advancements in the field. Through these efforts, the Arkansas Pharmacy Foundation actively contributes to the growth and excellence of the pharmacy profession in the state.
This information is meant to be a general summary of Arkansas 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $700
- Program Service Revenue: $263,907
- Gross Receipts: $581,819
Assets and Liabilities:
- Total Assets: $460,287
- Total Liabilities: $217
- Net Assets: $460,070
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTINUING EDUCATION
Revenue
$4,760
APF BUILDING FUND
Revenue
$196,610
MINORITY GRANT
Revenue
$62,537
Organization Details
Founding Year
1997
Phone
(501) 372-5250Principal Officer
John Vinson
Main Address
417 SOUTH VICTORY, LITTLE ROCK, AR, 72201
Website
www.arpharmacists.orgNTEE Category
Code: E66Z - Health
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