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Nonprofiteer
← MICHIGAN PHARMACISTS ASSOCIATION

Form 990 for tax year 2023

Filed by MICHIGAN PHARMACISTS ASSOCIATION.

Totals

Total revenue
$2,708,092
Total expenses
$2,446,086
Contributions and grants received
$218,922
Grants paid
$0
Program service revenue
$2,114,530
Investment income
$318,702
Other revenue
$55,938
Total assets, end of year
$7,457,388
Total liabilities, end of year
$590,902
Net assets or fund balances, end of year
$6,866,486
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $204,673

  • 1f · All other contributions, gifts and grants

    $14,249

  • 2a · Program service revenue: INCOME FROM INVESTEE

    total $972,416 · related or exempt $972,416

  • 2b · Program service revenue: PHARMACY CONTINUING ED

    total $717,752 · related or exempt $717,752

  • 2c · Program service revenue: MEMBERSHIP DUES

    total $309,436 · related or exempt $309,436

  • 2d · Program service revenue: PHARMACY CERT. TECH.

    total $69,230 · related or exempt $69,230

  • 2e · Program service revenue: ADMINISTRATIVE SERVICE

    total $19,119 · related or exempt $19,119

  • 2f · All other program service revenue

    total $26,577 · related or exempt $16,966 · unrelated business $9,611

  • 3 · Investment income

    total $267,848 · excluded $267,848

  • 5 · Royalties

    total $4,434 · excluded $4,434

  • 6a · Gross rents

    real property $66,430

  • 6b · Less rental expenses

    real property $14,926

  • 6c · Rental income or loss

    real property $51,504

  • 6d · Net rental income or loss

    total $51,504 · excluded $51,504

  • 7a · Gross sales of assets other than inventory

    securities $358,484

  • 7b · Less cost or other basis and sales expenses

    securities $307,630

  • 7c · Gain or loss

    securities $50,854

  • 7d · Net gain or loss

    total $50,854 · excluded $50,854

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $209,345

  • 7 · Other salaries and wages

    total $882,456

  • 8 · Pension plan contributions

    total $39,998

  • 9 · Other employee benefits

    total $114,176

  • 10 · Payroll taxes

    total $90,488

  • 11b · Fees: legal

    total $8,633

  • 11c · Fees: accounting

    total $26,837

  • 11d · Fees: lobbying

    total $16,000

  • 11f · Fees: investment management

    total $12,590

  • 11g · Fees: other

    total $23,999

  • 12 · Advertising and promotion

    total $1,033

  • 13 · Office expenses

    total $141,043

  • 14 · Information technology

    total $127,621

  • 16 · Occupancy

    total $129,941

  • 17 · Travel

    total $169,290

  • 19 · Conferences, conventions and meetings

    total $126,377

  • 20 · Interest

    total $23,095

  • 22 · Depreciation, depletion and amortization

    total $132,541

  • 23 · Insurance

    total $28,883

  • 24a · Other expenses: MEMBERSHIP & PROGRAM EX

    total $115,669

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $21,171

  • 24c · Other expenses: UBI TAX

    total $4,650

  • 24d · Other expenses: CITY TAX EXPENSE

    total $250

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $100 · end of year $100

  • 2 · Savings and temporary cash investments

    beginning of year $215,865 · end of year $140,973

  • 3 · Pledges and grants receivable

    beginning of year $620,000 · end of year $820,000

  • 4 · Accounts receivable

    beginning of year $255,233 · end of year $202,384

  • 8 · Inventories for sale or use

    beginning of year $11,041 · end of year $2,120

  • 9 · Prepaid expenses and deferred charges

    beginning of year $42,620 · end of year $47,005

  • 10a · Land, buildings and equipment: cost or other basis

    $2,652,698

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,191,673

  • 10c · Land, buildings and equipment, net

    beginning of year $1,514,048 · end of year $1,461,025

  • 11 · Investments: publicly traded securities

    beginning of year $932,208 · end of year $1,112,231

  • 12 · Investments: other securities

    beginning of year $224,773 · end of year $224,773

  • 15 · Other assets

    beginning of year $3,294,361 · end of year $3,446,777

  • 17 · Accounts payable and accrued expenses

    beginning of year $155,978 · end of year $79,475

  • 19 · Deferred revenue

    beginning of year $241,370 · end of year $268,006

  • 23 · Secured mortgages and notes payable

    beginning of year $243,421 · end of year $243,421

  • 27 · Net assets without donor restrictions

    beginning of year $6,448,800 · end of year $6,845,806

  • 28 · Net assets with donor restrictions

    beginning of year $20,680 · end of year $20,680

Mission and programs · 2023

Mission

TO ENCOURAGE AND SUPPORT ITS MEMBERS AS PROFESSIONALS RESPONSIBLE FOR THE DELIVERY OF PATIENT-FOCUSED CARE.

Activities or mission (Part I)

TO REPRESENT THE PHARMACY PROFESSION FOR ADVANCING PUBLIC HEALTH AND PATIENT CARE IN MI.

  • TO ADVANCE PUBLIC HEALTH AND PATIENT CARE AND THE INTERESTS OF THE PHARMACY PROFESSION. SERVES APPROXIMATELY 3,500 PARTICIPANTS.

As filed on the 2023 return.

Listed in Part VII

  • Angela Faszczewski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Jamie Tharp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Ryan Greenley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • John Clark

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Maria Young

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Ryan Moore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Michelle Sahr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Sarah Lerchenfeldt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Ryan Bickel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Mark Glasper

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $209,345
    From this org
    $181,331
    From related orgs
    $0
    Other
    $28,014
    Hours/week
    36.25 + 1 related

    Schedule J breakdown matched by us

    Base
    $181,331
    Bonus
    $0
    Other
    $0
    Deferred
    $7,513
    Nontaxable benefits
    $20,501
    Filer's total
    $209,345

  • Robin Curtis

    VICE SPEAKER

    Total calculated
    $0
    Hours/week
    5

  • Katie Axford

    SPEAKER

    Total calculated
    $0
    Hours/week
    5

  • Mike Crowe

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Marc Guzzardo

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Sarah Hill

    PRESIDENT-ELECT

    Total calculated
    $0
    Hours/week
    5

  • Hope Broxterman

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Ronald Devers

    AGENCY MANAGER

    Total calculated
    $173,548
    From this org
    $163,069
    From related orgs
    $0
    Other
    $10,479
    Hours/week
    36.25

    Schedule J breakdown matched by us

    Base
    $163,069
    Bonus
    $0
    Other
    $0
    Deferred
    $6,523
    Nontaxable benefits
    $3,956
    Filer's total
    $173,548

  • Farah Jalloul

    DIRECTOR OF PROF. DEVELOPMENT

    Total calculated
    $154,627
    From this org
    $140,779
    From related orgs
    $0
    Other
    $13,848
    Hours/week
    36.25

    Schedule J breakdown matched by us

    Base
    $140,779
    Bonus
    $0
    Other
    $0
    Deferred
    $5,631
    Nontaxable benefits
    $8,217
    Filer's total
    $154,627

  • Bryan Freeman

    CHIEF STRATEGY DIRECTOR

    Total calculated
    $112,243
    From this org
    $107,926
    From related orgs
    $0
    Other
    $4,317
    Hours/week
    36.25

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • MICHIGAN PHARMACY FOUNDATION

    501(C)(3) · ADVANCE PHARMACY THROUGH EDUCATION & RESEARCH FOCUSED ON PATIENT CARE · MI

    Directly controlled by MICHIGAN PHARMACISTS ASSOCIATION

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • PHARMACY SERVICES INC

    C · BUSINESS SERVICES · MI · 100% owned · share of income $387,165 · share of assets $1,480,137

    Directly controlled by MICHIGAN PHARMACISTS ASSOCIATION

Provenance

Return type
form_990
Tax year
2023
Filed
21 October 2024
IRS schema version
2023v5.1
Source object
202442969349301409

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