TY 2022 Form 990 Schedule O

efile Public Visual Render ObjectId: 202303209349302185 - Submission: 2023-11-16 TIN: 54-1142544

SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
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Attach to Form 990 or 990-EZ.
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Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2022

Open to Public
Inspection

Name of the organization

VIRGINIA PHARMACEUTICAL ASSOCIATION
RESEARCH & EDUCATION FOUNDATION

Employer identification number

54-1142544

Return Reference	Explanation
FORM 990, PAGE 1, PART I, LINE 6	BOARD AND COMMITTEE MEMBERS ARE VOLUNTEERS.
FORM 990, PAGE 2, PART III, LINE 4D	THE MORGAN INSTITUTE PROVIDES EDUCATION AND INFORMATION TO CITIZENS, PUBLIC OFFICIALS AND PHARMACY PROFESSIONALS ON TOPICS RELATED TO HEALTHCARE, PUBLIC SERVICE AND ADVOCACY. THE PBM FUND PROVIDES EDUCATION TO PHARMACISTS AND THE PUBLIC ABOUT PHARMACY BENEFIT MANAGER PROGRAMS. SPEAKERS - PROVIDED ANNUAL LECTURES ON PHARMACY ISSUES TO PHARMACISTS. JOHN C SHILAN MEMORIAL FUND ESTABLISHED TO ADMINISTER AWARDS TO SELECTED YOUNG PHARMACISTS WHO HAVE DEMONSTRATED AN INTEREST IN ADDED CREDENTIALS THAT WILL ENABLE THEM TO PROVIDE SPECIALIZED PATIENT CARE SERVICES BASED ON ADDITIONAL KNOWLEDGE AND SKILL. RPHA SCHOLARSHIP - PROVIDES SCOLARSHIPS TO PHARMACY STUDENTS. ADDINGTON FUND - ADVANCES THE ENTREPRENEURIAL SPIRIT OF COMMUNITY PHARMACY. AIP - PROVIDES EDUCATION TO PHARMACY STUDENTS APPLICABLE TO SUCCESSFUL PHARMACY OPERATION. STUDENT LOANS - PROVIDE LOANS TO PHARMACY STUDENTS BASED ON NEED. PHARMACY AWARDS - PROVIDES FUNDING THROUGH AWARDS TO STUDEN PHARMACISTS TO ENCOURAGE AND REWARD PHARMACY EDUCATION ACHIEVEMENTS.
FORM 990, PAGE 6, PART VI, LINE 6	THE INDIVIDUALS COMPRISING THE VIRGINIA PHARMACISTS ASSOCIATION BOARD OF DIRECTORS ARE CONSIDERED MEMBERS OF THE FOUNDATION BECAUSE THEY ELECT THE MEMBERS OF THE FOUNDATION'S GOVERNING BODY, THUS PARTICIPATING IN THE ORGANIZATION'S GOVERNANCE AS DEFINED BY THE IRS.
FORM 990, PAGE 6, PART VI, LINE 7A	ALL MEMBERS OF THE BOARD OF TRUSTEES SHALL BE APPOINTED BY THE BOARD OF DIRECTORS OF THE VIRGINIA PHARMACISTS ASSOCIATION EXCEPT THE SECRETARY OF THE FOUNDATION WHO IS ALSO THE EXECUTIVE DIRECTOR OF THE ASSOCIATION.
FORM 990, PAGE 6, PART VI, LINE 11B	THE FORM 990 WILL BE MADE AVAILABLE TO THE FOUNDATION BOARD OF TRUSTEES AT THEIR NEXT MEETING (BEFORE FILING THE RETURN). THE SECRETARY OF THE FOUNDATION WILL PRESENT THE RETURN FOR REVIEW BY THE BOARD AT THAT TIME. UPON REVIEW AND ACCEPTANCE BY THE BOARD, THE FORM 990 IS FILED.
FORM 990, PAGE 6, PART VI, LINE 12C	AT THE BEGINNING OF THE CALENDAR YEAR, ALL BOARD MEMBERS COMPLETE A CONFLICT OF INTEREST STATEMENT. AT ALL FUTURE MEETINGS FOR THE YEAR, MEMBERS ARE REMINDED TO DECLARE ANY POTENTIAL CONFLICT THAT MIGHT ARISE DURING A MEETING.
FORM 990, PAGE 6, PART VI, LINE 19	GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
FORM 990, PART XI, LINE 9	CORRECTION OF AP AFTER 990 ISSUED -9,009

Return Reference

Explanation

FORM 990, PAGE 1, PART I, LINE 6

BOARD AND COMMITTEE MEMBERS ARE VOLUNTEERS.

FORM 990, PAGE 2, PART III, LINE 4D

THE MORGAN INSTITUTE PROVIDES EDUCATION AND INFORMATION TO CITIZENS, PUBLIC OFFICIALS AND PHARMACY PROFESSIONALS ON TOPICS RELATED TO HEALTHCARE, PUBLIC SERVICE AND ADVOCACY. THE PBM FUND PROVIDES EDUCATION TO PHARMACISTS AND THE PUBLIC ABOUT PHARMACY BENEFIT MANAGER PROGRAMS. SPEAKERS - PROVIDED ANNUAL LECTURES ON PHARMACY ISSUES TO PHARMACISTS. JOHN C SHILAN MEMORIAL FUND ESTABLISHED TO ADMINISTER AWARDS TO SELECTED YOUNG PHARMACISTS WHO HAVE DEMONSTRATED AN INTEREST IN ADDED CREDENTIALS THAT WILL ENABLE THEM TO PROVIDE SPECIALIZED PATIENT CARE SERVICES BASED ON ADDITIONAL KNOWLEDGE AND SKILL. RPHA SCHOLARSHIP - PROVIDES SCOLARSHIPS TO PHARMACY STUDENTS. ADDINGTON FUND - ADVANCES THE ENTREPRENEURIAL SPIRIT OF COMMUNITY PHARMACY. AIP - PROVIDES EDUCATION TO PHARMACY STUDENTS APPLICABLE TO SUCCESSFUL PHARMACY OPERATION. STUDENT LOANS - PROVIDE LOANS TO PHARMACY STUDENTS BASED ON NEED. PHARMACY AWARDS - PROVIDES FUNDING THROUGH AWARDS TO STUDEN PHARMACISTS TO ENCOURAGE AND REWARD PHARMACY EDUCATION ACHIEVEMENTS.

FORM 990, PAGE 6, PART VI, LINE 6

THE INDIVIDUALS COMPRISING THE VIRGINIA PHARMACISTS ASSOCIATION BOARD OF DIRECTORS ARE CONSIDERED MEMBERS OF THE FOUNDATION BECAUSE THEY ELECT THE MEMBERS OF THE FOUNDATION'S GOVERNING BODY, THUS PARTICIPATING IN THE ORGANIZATION'S GOVERNANCE AS DEFINED BY THE IRS.

FORM 990, PAGE 6, PART VI, LINE 7A

ALL MEMBERS OF THE BOARD OF TRUSTEES SHALL BE APPOINTED BY THE BOARD OF DIRECTORS OF THE VIRGINIA PHARMACISTS ASSOCIATION EXCEPT THE SECRETARY OF THE FOUNDATION WHO IS ALSO THE EXECUTIVE DIRECTOR OF THE ASSOCIATION.

FORM 990, PAGE 6, PART VI, LINE 11B

THE FORM 990 WILL BE MADE AVAILABLE TO THE FOUNDATION BOARD OF TRUSTEES AT THEIR NEXT MEETING (BEFORE FILING THE RETURN). THE SECRETARY OF THE FOUNDATION WILL PRESENT THE RETURN FOR REVIEW BY THE BOARD AT THAT TIME. UPON REVIEW AND ACCEPTANCE BY THE BOARD, THE FORM 990 IS FILED.

FORM 990, PAGE 6, PART VI, LINE 12C

AT THE BEGINNING OF THE CALENDAR YEAR, ALL BOARD MEMBERS COMPLETE A CONFLICT OF INTEREST STATEMENT. AT ALL FUTURE MEETINGS FOR THE YEAR, MEMBERS ARE REMINDED TO DECLARE ANY POTENTIAL CONFLICT THAT MIGHT ARISE DURING A MEETING.

FORM 990, PAGE 6, PART VI, LINE 19

GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.

FORM 990, PART XI, LINE 9

CORRECTION OF AP AFTER 990 ISSUED -9,009

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990) 2022

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