Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,705,687

• 1f · All other contributions, gifts and grants

  $1,535,134

• 2a · Program service revenue: CERTIFICATION

  total $11,048,332 · related or exempt $11,048,332

• 2b · Program service revenue: MEETINGS & EDUCATIONAL

  total $10,381,166 · related or exempt $10,381,166

• 2c · Program service revenue: PUBLICATIONS

  total $4,407,551 · related or exempt $4,407,551

• 2d · Program service revenue: MEMBERSHIP DUES

  total $3,140,041 · related or exempt $3,140,041

• 2e · Program service revenue: ADVERTISING

  total $2,174,122 · unrelated business $2,174,122

• 3 · Investment income

  total $1,977,860 · excluded $1,977,860

• 5 · Royalties

  total $782,441 · excluded $782,441

• 6a · Gross rents

  real property $9,153,337

• 6b · Less rental expenses

  real property $8,153,641

• 6c · Rental income or loss

  real property $999,696

• 6d · Net rental income or loss

  total $999,696 · unrelated business $999,696

• 7a · Gross sales of assets other than inventory

  securities $13,548,576

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

  securities $13,852,878

• 7c · Gain or loss

  securities -$304,302

• 7d · Net gain or loss

  total -$304,302 · excluded -$304,302

• 11a · Other revenue: GARAGE RENTAL INCOME

  total $822,248 · related or exempt $313,121 · unrelated business $509,127

• 11b · Other revenue: OTHER INVESTMENT INCOM

  total $620,000 · excluded $620,000

• 11c · Other revenue: TERRACE RENTAL INCOME

  total $540,430 · unrelated business $540,430

• 11d · All other revenue

  total $311,594 · related or exempt $50,000 · excluded $261,594

• 11e · Other revenue, total

  $2,294,272

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $897,931

• 3 · Grants to foreign organizations and individuals

  total $34,919

• 5 · Compensation of officers, directors and key employees

  total $3,052,704

• 7 · Other salaries and wages

  total $10,263,495

• 8 · Pension plan contributions

  total $475,389

• 9 · Other employee benefits

  total $1,252,890

• 10 · Payroll taxes

  total $928,883

• 11b · Fees: legal

  total $149,637

• 11c · Fees: accounting

  total $83,425

• 11f · Fees: investment management

  total $280,704

• 11g · Fees: other

  total $5,036,630

• 13 · Office expenses

  total $1,945,105

• 14 · Information technology

  total $1,987,061

• 16 · Occupancy

  total $32,069

• 17 · Travel

  total $1,325,745

• 19 · Conferences, conventions and meetings

  total $3,205,432

• 20 · Interest

  total $1,343,927

• 22 · Depreciation, depletion and amortization

  total $1,734,582

• 23 · Insurance

  total $301,068

• 24a · Other expenses: STRATEGIC OPPORTUNITY F

  total $679,209

• 24b · Other expenses: PUBLICATIONS & EDITORIA

  total $270,857

• 24c · Other expenses: INCOME TAX

  total $123,967

• 24d · Other expenses: PROFESSIONAL DUES & SUB

  total $91,155

• 24e · All other expenses

  total $1,311,359

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $398 · end of year $396

• 2 · Savings and temporary cash investments

  beginning of year $18,287,323 · end of year $16,246,227

• 4 · Accounts receivable

  beginning of year $7,995,912 · end of year $13,924,592

• 8 · Inventories for sale or use

  beginning of year $269,828 · end of year $166,377

• 9 · Prepaid expenses and deferred charges

  beginning of year $830,096 · end of year $940,553

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

  $118,748,494

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

  $62,811,832

• 10c · Land, buildings and equipment, net

  beginning of year $59,270,061 · end of year $55,936,662

• 11 · Investments: publicly traded securities

  beginning of year $58,020,760 · end of year $67,927,519

• 14 · Intangible assets

  beginning of year $258,464 · end of year $258,466

• 15 · Other assets

  beginning of year $2,548,235 · end of year $2,316,178

• 17 · Accounts payable and accrued expenses

  beginning of year $7,373,368 · end of year $5,615,738

• 19 · Deferred revenue

  beginning of year $4,598,921 · end of year $5,395,336

• 23 · Secured mortgages and notes payable

  beginning of year $108,584,639 · end of year $106,406,341

• 25 · Other liabilities

  beginning of year $997,498 · end of year $4,910,926

• 27 · Net assets without donor restrictions

  beginning of year $25,781,061 · end of year $35,241,060

• 28 · Net assets with donor restrictions

  beginning of year $145,590 · end of year $147,569

The filer's explanations (Part III)

PART I, LINE 1A

MR. HOGUE WAS PERMITTED AN ALLOWANCE FOR TRAVEL FOR HIS WIFE TO APHA ANNUAL MEETING; THESE AMOUNTS WERE NOT TREATED AS TAXABLE COMPENSATION.

PART I, LINE 4A

A SEVERANCE PAYMENT OF $683,465 WAS PAID TO SCOTT KNOER.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• 2200 C STREET LLC

  REAL ESTATE · DE · income $9,153,337 · assets $106,251,042

  Directly controlled by AMERICAN PHARMACISTS ASSOCIATION

• PHARMACY PROFILES LLC

  CREDENTIAL VERIFICATION · DC · income $1,072,599 · assets $1,898,599

  Directly controlled by AMERICAN PHARMACISTS ASSOCIATION

• THE APHA PHARMACY ADVANCEMENT LEGAL DEFENSE FUND LLC

  ADVOCACY EFFORTS · DC · income $0 · assets $147,495

  Directly controlled by AMERICAN PHARMACISTS ASSOCIATION