Form 990 for tax year 2024
Filed by NATIONAL ASSOCIATION OF CHAIN DRUG STORES FOUNDATION.
Totals
- Total revenue
- $1,777,202
- Total expenses
- $2,025,591
- Contributions and grants received
- $1,264,200
- Grants paid
- $1,439,767
- Program service revenue
- $46,905
- Investment income
- $724,334
- Other revenue
- -$258,237
- Total assets, end of year
- $9,417,996
- Total liabilities, end of year
- $199,049
- Net assets or fund balances, end of year
- $9,218,947
- Program services expenses (Part IX)
- $1,848,475
- Management and general expenses
- $156,880
- Fundraising expenses
- $20,236
- Program service expenses (Part III)
- $1,848,475
Program services were 91.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
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.
-
1c · Fundraising events
$1,156,700
-
1f · All other contributions, gifts and grants
$107,500
-
2a · Program service revenue: SEMINAR/ONLINE TRAININ
total $46,905 · related or exempt $46,905
-
3 · Investment income
total $315,392 · excluded $315,392
-
7a · Gross sales of assets other than inventory
securities $4,958,093
-
7b · Less cost or other basis and sales expenses
securities $4,549,151
-
7c · Gain or loss
securities $408,942
-
7d · Net gain or loss
total $408,942 · excluded $408,942
-
8a · Fundraising events: gross income
$161,500
-
8a · Fundraising events: contributions included on line 1c
$1,156,700
-
8b · Fundraising events: direct expenses
$419,737
-
8c · Net income from fundraising events
total -$258,237 · excluded -$258,237
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,439,767 · program services $1,439,767
-
7 · Other salaries and wages
total $170,118 · program services $139,349 · management and general $16,721 · fundraising $14,048
-
9 · Other employee benefits
total $31,358 · program services $25,221 · management and general $3,773 · fundraising $2,364
-
11b · Fees: legal
total $18,457 · management and general $18,457
-
11f · Fees: investment management
total $14,763 · management and general $14,763
-
11g · Fees: other
total $98,500 · program services $81,350 · management and general $17,150
-
13 · Office expenses
total $8,470 · program services $5,993 · management and general $2,463 · fundraising $14
-
16 · Occupancy
total $50,704 · program services $41,082 · management and general $5,812 · fundraising $3,810
-
17 · Travel
total $36,775 · program services $25,301 · management and general $11,474
-
19 · Conferences, conventions and meetings
total $122,945 · program services $90,087 · management and general $32,858
-
24a · Other expenses: BANK FEES
total $24,999 · program services $127 · management and general $24,872
-
24b · Other expenses: MISCELLANEOUS
total $8,735 · program services $198 · management and general $8,537
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $171,813 · end of year $287,894
-
2 · Savings and temporary cash investments
beginning of year $120,555 · end of year $0
-
4 · Accounts receivable
beginning of year $3,075 · end of year $54,192
-
11 · Investments: publicly traded securities
beginning of year $8,863,786 · end of year $5,560,905
-
12 · Investments: other securities
end of year $3,515,005
-
17 · Accounts payable and accrued expenses
beginning of year $82,102 · end of year $18,913
-
25 · Other liabilities
beginning of year $1 · end of year $180,136
-
27 · Net assets without donor restrictions
beginning of year $8,187,188 · end of year $8,261,835
-
28 · Net assets with donor restrictions
beginning of year $889,938 · end of year $957,112
Mission and programs · 2024
Mission
ENHANCED ENGAGEMENT IN GROUND-BREAKING RESEARCH AND EDUCATIONAL INITIATIVES THAT BENEFIT PATIENTS, IMPROVES OUTCOMES, AND ADVANCES PUBLIC HEALTH.
-
RESEARCH: THE NACDS FOUNDATION SUPPORTS IMPACTFUL, HEALTHCARE TRANSFORMATION RESEARCH PROJECTS THAT ADDRESS DISPARITIES AND IMPROVE HEALTH OUTCOMES ACROSS THE COUNTRY. BY PROVIDING RESEARCH GRANTS TO ACADEMIC INSTITUTIONS AND COMMUNITY PARTNERS, THE FOUNDATION SEEKS TO IMPROVE THE HEALTH AND WELLNESS OF COMMUNITIES. THE NACDS FOUNDATION FUNDED 7 RESEARCH GRANTS IN 2024.
Expenses $1,083,662 · Grants $1,109,767
-
EDUCATION: THE NACDS FOUNDATION SCHOLARSHIP PROGRAM SUPPORTS COMMUNITY-BASED LEARNING EXPERIENCES OR OTHER CURRICULUM INNOVATIONS THAT ADVANCE PHARMACY EDUCATION AS WELL AS INCREASE DIVERSITY IN PHARMACY EDUCATION. 34 U.S. BASED AND ACPE ACCREDITED PHARMACY SCHOOLS WERE PROVIDED AWARDS IN 2024.THE FOUNDATION ALSO OFFERS EDUCATIONAL PROGRAMS AND RESOURCES FOR PHARMACISTS, PHARMACY SCHOOLS, AND COMMUNITIES ON PUBLIC HEALTH ISSUES.
Expenses $260,470 · Grants $190,000 · Revenue $46,905
-
PROGRAMS STAFFING: THE SUPPORTED ORGANIZATION - NATIONAL ASSOCIATION OF CHAIN DRUG STORES, INC., PROVIDES STAFF TO THE TAXPAYER TO ADMINISTER THE TAXPAYER'S CHARITABLE GIVING, SCHOLARSHIP AWARDS, RESEARCH, AND OTHER PROGRAMS. THE TAXPAYER REIMBURSES THE SUPPORTED ORGANIZATION FOR THE COST OF THIS STAFF TIME UNDER THE TERMS OF A SERVICES AGREEMENT.
Expenses $211,041
-
CHARITABLE OUTREACH: THE NACDS FOUNDATION REMAINS STEADFAST IN ITS COMMITMENT TO STRATEGIC FUNDING OF CHARITABLE ORGANIZATIONS WITH COLLABORATIVE AND PUBLIC HEALTH FOCUSED MISSIONS THAT AIM TO ADVANCE HEALTHCARE ACCESS, OUTCOMES, AND EQUITY. IN 2024, THE NACDS FOUNDATION PROVIDED SUPPORT TO 8 CHARITABLE ORGANIZATIONS.
Expenses $140,000 · Grants $140,000
-
CONSUMER & PATIENT PROGRAMS: THE NACDS FOUNDATION DEVELOPS AND SUPPORTS EDUCATIONAL PROGRAMS AND INITIATIVES THAT FOCUS ON MEDICATION SAFETY AND ADHERENCE, AND SUPPORTS PATIENT HEALTH AND WELLNESS.PROGRAM AWARENESS CAMPAIGN
Expenses $153,302
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Parmjit AgarwalPARMJIT AGARWAL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael AignerMICHAEL AIGNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Claire BiermaasCLAIRE BIERMAAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael BohlingMICHAEL BOHLING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth CatonELIZABETH CATON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Maureen CavanaughMAUREEN CAVANAUGH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Janice CooneyJANICE COONEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brent CottenBRENT COTTEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Teri CowardTERI COWARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Naomi DuvallNAOMI DUVALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nikki GriffinNIKKI GRIFFIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeff HoffmanJEFF HOFFMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Laverne HuntLAVERNE HUNT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Summer KerleySUMMER KERLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Crystal LennartzCRYSTAL LENNARTZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Amy McAnarneyAMY MCANARNEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jackie MorseJACKIE MORSE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Angie NelsonANGIE NELSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lisa PaleyLISA PALEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robert Potter Thru 0824ROBERT POTTER THRU 0824
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Anthony ProvenzanoANTHONY PROVENZANO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chad RileyCHAD RILEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rina ShahRINA SHAH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
William Simpson Thru 0824WILLIAM SIMPSON THRU 0824
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Richard StephensRICHARD STEPHENS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marvin VinesMARVIN VINES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kristin Williams Thru 0824KRISTIN WILLIAMS THRU 0824
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Shellie WinelandSHELLIE WINELAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steven C Anderson Fasae CaeSTEVEN C ANDERSON FASAE CAE
CHAIRMAN
- Total calculated
- $3,110,519
- From this org
- $0
- From related orgs
- $3,025,333
- Other
- $85,186
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $1,734,850 related
- Bonus
- $0 + $1,266,122 related
- Other
- $0 + $24,361 related
- Deferred
- $0 + $57,500 related
- Nontaxable benefits
- $0 + $123,023 related
- Filer's total
- $0 + $3,205,856 related
-
David M FitzsimmonsDAVID M FITZSIMMONS
TREASURER
- Total calculated
- $652,388
- From this org
- $0
- From related orgs
- $587,602
- Other
- $64,786
- Hours/week
- 2 + 38 related
Schedule J breakdown matched by us
- Base
- $0 + $440,754 related
- Bonus
- $0 + $142,888 related
- Other
- $0 + $3,960 related
- Deferred
- $0 + $34,500 related
- Nontaxable benefits
- $0 + $40,922 related
- Filer's total
- $0 + $663,024 related
-
Sara RoszakSARA ROSZAK
PRESIDENT
- Total calculated
- $588,098
- From this org
- $0
- From related orgs
- $501,212
- Other
- $86,886
- Hours/week
- 10 + 30 related
Schedule J breakdown matched by us
- Base
- $0 + $413,095 related
- Bonus
- $0 + $87,631 related
- Other
- $0 + $486 related
- Deferred
- $0 + $56,000 related
- Nontaxable benefits
- $0 + $41,365 related
- Filer's total
- $0 + $598,577 related
-
Kayla McFeelyKAYLA MCFEELY
SECRETARY
- Total calculated
- $296,326
- From this org
- $0
- From related orgs
- $250,712
- Other
- $45,614
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $211,338 related
- Bonus
- $0 + $33,063 related
- Other
- $0 + $6,311 related
- Deferred
- $0 + $22,245 related
- Nontaxable benefits
- $0 + $31,415 related
- Filer's total
- $0 + $304,372 related
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
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- SCHEDULE J PART III
- THE FOUNDATION'S TOP MANAGEMENT OFFICIAL IS AN EMPLOYEE OF THE SUPPORTED ORGANIZATION, THE NATIONAL ASSOCIATION OF CHAIN DRUG STORES (NACDS), WHOSE TIME WORKED FOR THE FOUNDATION IS REIMBURSED AT COST BY THE FOUNDATION UNDER A SERVICES AGREEMENT. NACDS ESTABLISHES THE COMPENSATION OF THIS OFFICIAL THROUGH THE USE OF AN INDEPENDENT COMPENSATION CONSULTANT AND COMPENSATION SURVEYS. THE HUMAN RESOURCES COMMITTEE OF THE NACDS BOARD ADMINISTERS AND APPROVES THE COMPENSATION OF ALL OFFICERS WHO WORK ON FOUNDATION MATTERS.
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
-
$400,000
HEALTHCARE RESEARCH GRANT
-
HEALTHCARE RESEARCH GRANT
-
HEALTHCARE RESEARCH GRANT
-
UNIVERSITY PHYSICIANS & SURGEONS INC
$100,000
HEALTHCARE RESEARCH GRANT
-
HEALTHCARE RESEARCH GRANT
-
$50,000
PHILANTHROPIC CONTRIBUTION
-
$47,850
HEALTHCARE RESEARCH GRANT
-
STATE UNIVERSITY OF IOWA
$34,000
HEALTHCARE RESEARCH GRANT
-
$25,000
PHILANTHROPIC CONTRIBUTION
-
AUBURN UNIVERSITY HARRISON SCHOOL OF PHARMACY
$25,000
EDUCATIONAL SCHOLARSHIP
The 10 largest by cash amount. The API serves every itemized grant.
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.
-
NATIONAL ASSN CHAIN DRUG STORES INC
501(C)(6) · TRADE ASSOCIATION · VA
-
NACDS POLITICAL ACTION COMMITTE
527 · POLITICAL ACTION COMMITTEE · VA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 10 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202513149349304706
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.