Wisconsin Pharmacy Foundation INC

Tax-deductible

Madison, WI501(c)(3)EducationEIN 39-1817686Revenue $208K in FY2024

On file with the IRSpswi.org701 Heartland Trl, 53717-1916 · Madison, WITax-exempt since Jan 1997Supporting organization — 509(a)(3)

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Support professional education & research programs to advance the science & practice of Pharmacy.

501(c)(3) charity; gifts are tax-deductible.
51¢ of each $1 spent went to programs.
Run by 7 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
2 of 5
filings with a surplus
Average deficit $6K a year · 2% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
51%
of spending
Worth a look: 51% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 5.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$70K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$208K
-25% vs prior year
Spent
$311K
To programs
51%
Net assets
$1.5M
By yearFY2020–FY2024
Revenue
$208K
FY2024▼ -25%
Tap a bar for its year
Revenue by fiscal year
FY2020$316K
FY2021$251K
FY2022$270K
FY2023$278K
FY2024$208K
Expenses
$311K
FY2024▼ -11%
Tap a bar for its year
Expenses by fiscal year
FY2020$266K
FY2021$139K
FY2022$287K
FY2023$347K
FY2024$311K
Net assets
$1.5M
FY2024▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.6M
FY2021$1.7M
FY2022$1.5M
FY2023$1.5M
FY2024$1.5M

From the FY2024 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 Jan 1997.

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

Where the money goes

51 cents of each dollar spent went to programs.

Program services 51% · $160K Management & general 49% · $151K Fundraising 0% · $201

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Officer (from September)
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Wisconsin 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 pharmacy education and research to advance the science and practice of pharmacy.

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Provided by the organization

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1 program · $160K · in their own filed words · FY2024
01

The wisconsin pharmacy foundation is a non-profit, tax-exempt organization to support and pursue professional education and research programs to advance the science and practice of PHARMACY.WORKING in coordination with the pharmacy society of wisconsin, the foundation promotes innovation to accelerate the development of leaders and the…

$160Kprogram expense

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 · FY2023
Total grants receivedfrom 1 funder$25K
Grants paid · 3 grants · $28K · 2023–2024
Unitemized GrantFY2024$16,325
Unitemized GrantFY2024$6,215
Unitemized GrantFY2023$5,034

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$208K
Ln 12
Gifts and grantsLn 1h$100K
Investment incomeLn 3$87K
Other incomeLn 4–11$21K
Money outPt IX
$311K
Ln 25
Programscol B$160K
Managementcol C$151K
Fundraisingcol D$201
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$129K
Total assetsLn 16$1.5M
LiabilitiesLn 26$70K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$100K
Government grantsLn 1e$11K
Fundraising eventsLn 1c$1K
Investment incomeLn 3$87K
Other incomeLn 4–11$21K
Gains on assetsLn 7$23K
Total revenueLn 12$208K
Assets in detailPt X, end of year
SavingsLn 2$129K
Cash and savings togetherLn 1–2$129K
InvestmentsLn 11–13$1.2M
Land, buildings, equipmentLn 10c$4K
Other assetsLn 15$85K
Total assetsLn 16$1.5M
LiabilitiesLn 26$70K
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
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 FY24End FY24
Cash and savingsLn 1–2$155K$129K
InvestmentsLn 11–13$1.3M$1.2M
Land, buildings, equipmentLn 10c$6K$4K
Total assetsLn 16$1.5M$1.5M
LiabilitiesLn 26$31K$70K
Net assetsLn 32$1.5M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$23K$23K
Management feesLn 11a$101K$101K
Accounting feesLn 11c$10K$10K
Investment management feesLn 11f$9K$9K
Other fees for servicesLn 11g$36K$36K
Office expensesLn 13$2K$2K$635$111
Conferences, conventions and meetingsLn 19$128K$98K$30K
Depreciation, depletion and amortizationLn 22$2K$1K$450$90
All other expensesLn 24e$54$54
Total functional expensesLn 25$311K$160K$151K$201

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $208K$311K−$103K$1.5M 990 PDF
FY2023 $278K$347K−$69K$1.5M 990 PDF
FY2022 $270K$287K−$17K$1.5M 990 PDF
FY2021 $251K$139K$112K$1.7M 990 PDF
FY2020 $316K$266K$50K$1.6M 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 FY2024 990 (6 parts)
Part I · Summary $207,784 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $215,838$100,447
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $47,960$86,628
I-11 Other revenuePrior year $13,854$20,709
I-12 Total revenuePrior year $277,652$207,784
I-13 Grants and similar amounts paidPrior year $11,641$22,540
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 $335,388$288,039
I-18 Total expensesPrior year $347,029$310,579
I-19 Revenue less expensesPrior year −$69,377−$102,795
Part VI · Governance 8 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $207,784 across 8 lines filed
VIII-1c Fundraising events$1,050
VIII-1e Government grants$11,023
VIII-1f All other contributions, gifts and grants$88,374
VIII-1h Total contributions, gifts and grants$100,447
VIII-3 Investment incomeExcluded from tax $63,798$63,798
VIII-7 Net gain or loss on sales of assetsExcluded from tax $22,830$22,830
VIII-8 Net income from fundraising eventsExcluded from tax $20,709$20,709
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $107,337$207,784
Part IX · Statement of functional expenses $310,579 across 9 lines filed
IX-2 Grants to domestic individualsPrograms $22,540$22,540
IX-11a Management feesManagement $101,400$101,400
IX-11c Accounting feesManagement $9,680$9,680
IX-11f Investment management feesManagement $8,840$8,840
IX-11g Other fees for servicesPrograms $36,023$36,023
IX-13 Office expensesPrograms $1,560 · Management $635 · Fundraising $111$2,306
IX-19 Conferences, conventions and meetingsPrograms $98,199 · Management $29,737$127,936
IX-22 Depreciation, depletion and amortizationPrograms $1,260 · Management $450 · Fundraising $90$1,800
IX-24e All other expensesManagement $54$54
IX-25 Total functional expensesPrograms $159,582 · Management $150,796 · Fundraising $201$310,579
Part X · Balance sheet $1,542,051 assets, 17 lines filed
X-2 Savings and temporary cash investmentsStart of year $154,599$129,027
X-3 Pledges and grants receivableStart of year $30,712$0
X-4 Accounts receivableStart of year $274$0
X-9 Prepaid expenses and deferred chargesStart of year $15,382$134,591
X-10c Land, buildings and equipment, netStart of year $6,299$4,499
X-11 Publicly traded securitiesStart of year $1,241,207$1,188,693
X-12 Other securitiesStart of year $12,719$44
X-15 Other assetsStart of year $81,831$85,197
X-16 Total assetsStart of year $1,543,023$1,542,051
X-17 Accounts payable and accrued expensesStart of year $5,500$2,100
X-19 Deferred revenueStart of year $0$67,480
X-25 Other liabilitiesStart of year $25,453$189
X-26 Total liabilitiesStart of year $30,953$69,769
X-27 Net assets without donor restrictionsStart of year $1,127,516$1,073,074
X-28 Net assets with donor restrictionsStart of year $384,554$399,208
X-32 Total net assets or fund balancesStart of year $1,512,070$1,472,282
X-33 Total liabilities and net assetsStart of year $1,543,023$1,542,051
Part XI · Reconciliation of net assets $1,472,282 net assets at year end
XI-1 Total revenue$207,784
XI-2 Total expenses$310,579
XI-3 Revenue less expenses−$102,795
XI-4 Net assets at start of year$1,512,070
XI-5 Net unrealized gains (losses) on investments$63,007
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,472,282

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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