Texas Pharmacy Foundation INC FY2020 filing

Tax-deductible

Austin, TX501(c)(3)EIN 23-7100717Revenue $57K in FY2020

On file with the IRStexaspharmacy.org3200 Steck Ave Ste 370, 78757-8034 · Austin, TXTax-exempt since Mar 1971Supporting organization — 509(a)(3)

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To support the charitable and educational activities of Texas Pharmacy association.

501(c)(3) charity; gifts are tax-deductible.
33¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $32K a year · 42% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
33%
of spending
Concern: 33% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
27 mo
of spending, in cash
Looks good: 27.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $500
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 15 voting members
Looks good: 14 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$57K
Spent
$37K
To programs
33%
Net assets
$645K
By yearFY2020–FY2024
Revenue
$57K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$57K
FY2021$77K
FY2022$85K
FY2023$64K
FY2024$106K
Expenses
$37K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$37K
FY2021$47K
FY2022$48K
FY2023$43K
FY2024$52K
Net assets
$645K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$645K
FY2021$732K
FY2022$666K
FY2023$760K
FY2024$871K

From the FY2020 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1971.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

33 cents of each dollar spent went to programs.

Program services 33% · $12K Management & general 67% · $25K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Immediate Past Chair
$0Pt VII · Sec A
President/CEO
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Texas Pharmacy Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports charitable and educational pharmacy programs in Texas.

Questions for Texas Pharmacy Foundation INC

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Provided by the organization

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3 programs · $12K · in their own filed words · FY2020
01

Awards scholarships to encourage students to pursue or advance a career in pharmacy

$12Kprogram expense
02

Maintenance of a permanent museum dedicated to the history of the profession of pharmacy in texas

Pt IX · col B
03

Disaster relief fund

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$500
Grants paid · 5 grants · $99K · 2020–2024
Unitemized GrantFY2024$20,700
Unitemized GrantFY2023$19,700
Unitemized GrantFY2022$23,200
Unitemized GrantFY2021$23,000
Unitemized GrantFY2020$12,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$57K
Ln 12
Gifts and grantsLn 1h$32K
Investment incomeLn 3$20K
Other incomeLn 4–11$5K
Money outPt IX
$37K
Ln 25
Programscol B$12K
Managementcol C$25K
Owns and owesPt X
$645K
net assets · Ln 32
Cash and savingsLn 1–2$83K
Total assetsLn 16$645K
LiabilitiesLn 26$0
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$32K
Investment incomeLn 3$20K
Other incomeLn 4–11$5K
Gains on assetsLn 7$669
Total revenueLn 12$57K
Assets in detailPt X, end of year
CashLn 1$69K
SavingsLn 2$14K
Cash and savings togetherLn 1–2$83K
InvestmentsLn 11–13$549K
Land, buildings, equipmentLn 10c$11K
Other assetsLn 15$1K
Total assetsLn 16$645K
LiabilitiesLn 26$0
Net assetsLn 32$645K
OperationsPt I, VI
EmployeesI 50
VolunteersI 630
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$37K$83K
InvestmentsLn 11–13$386K$549K
Land, buildings, equipmentLn 10c$11K$11K
Total assetsLn 16$587K$645K
LiabilitiesLn 26$0$0
Net assetsLn 32$587K$645K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$12K$12K
Management feesLn 11a$17K$17K
Accounting feesLn 11c$8K$8K
Investment management feesLn 11f$50$50
Advertising and promotionLn 12$188$188
Total functional expensesLn 25$37K$12K$25K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $106K$52K$54K$871K 990 PDF
FY2023 $64K$43K$20K$760K 990 PDF
FY2022 $85K$48K$37K$666K 990 PDF
FY2021 $77K$47K$30K$732K 990 PDF
FY2020 Viewing $57K$37K$20K$645K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $57,000 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $32,394$31,632
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $23,005$20,308
I-11 Other revenuePrior year $1,027$5,060
I-12 Total revenuePrior year $56,426$57,000
I-13 Grants and similar amounts paidPrior year $12,025$12,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $22,134$24,663
I-18 Total expensesPrior year $34,159$36,663
I-19 Revenue less expensesPrior year $22,267$20,337
Part VI · Governance 14 of 15 board members independent, 1 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members14
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $57,000 across 6 lines filed
VIII-1f All other contributions, gifts and grants$31,632
VIII-1h Total contributions, gifts and grants$31,632
VIII-3 Investment incomeExcluded from tax $19,639$19,639
VIII-7 Net gain or loss on sales of assetsExcluded from tax $669$669
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $5,060$5,060
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $25,368$57,000
Part IX · Statement of functional expenses $36,663 across 5 lines filed
IX-2 Grants to domestic individualsPrograms $12,000$12,000
IX-11a Management feesManagement $16,620$16,620
IX-11c Accounting feesManagement $7,805$7,805
IX-11f Investment management feesManagement $50$50
IX-12 Advertising and promotionManagement $188$188
IX-25 Total functional expensesPrograms $12,000 · Management $24,663 · Fundraising $0$36,663
Part X · Balance sheet $644,932 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $22,937$69,369
X-2 Savings and temporary cash investmentsStart of year $13,848$13,990
X-3 Pledges and grants receivableStart of year $2,200$0
X-10c Land, buildings and equipment, netStart of year $11,393$11,393
X-11 Publicly traded securitiesStart of year $385,853$549,103
X-15 Other assetsStart of year $150,646$1,077
X-16 Total assetsStart of year $586,877$644,932
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $298,292$321,887
X-28 Net assets with donor restrictionsStart of year $288,585$323,045
X-32 Total net assets or fund balancesStart of year $586,877$644,932
X-33 Total liabilities and net assetsStart of year $586,877$644,932
Part XI · Reconciliation of net assets $644,932 net assets at year end
XI-1 Total revenue$57,000
XI-2 Total expenses$36,663
XI-3 Revenue less expenses$20,337
XI-4 Net assets at start of year$586,877
XI-5 Net unrealized gains (losses) on investments$37,718
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$644,932

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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