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Nonprofiteer
← NATIONAL ASSOCIATION OF CHAIN DRUG STORES FOUNDATION

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 Agarwal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Michael Aigner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Claire Biermaas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Michael Bohling

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Elizabeth Caton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Maureen Cavanaugh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Janice Cooney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Brent Cotten

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Teri Coward

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Naomi Duvall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Nikki Griffin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jeff Hoffman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Laverne Hunt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Summer Kerley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Crystal Lennartz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Amy McAnarney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jackie Morse

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Angie Nelson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Lisa Paley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Robert Potter Thru 0824

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Anthony Provenzano

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Chad Riley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Rina Shah

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • William Simpson Thru 0824

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Richard Stephens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Marvin Vines

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kristin Williams Thru 0824

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Shellie Wineland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Steven 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 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 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 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

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.

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.

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