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← NATIONAL ASSOCIATION OF CHAIN DRUG STORES FOUNDATION

Form 990 for tax year 2022

Filed by NATIONAL ASSOCIATION OF CHAIN DRUG STORES FOUNDATION.

Totals

Total revenue
$1,520,878
Total expenses
$1,407,831
Contributions and grants received
$1,459,300
Grants paid
$927,621
Program service revenue
$39,476
Investment income
$420,598
Other revenue
-$398,496
Total assets, end of year
$9,108,513
Total liabilities, end of year
$406,755
Net assets or fund balances, end of year
$8,701,758
Program services expenses (Part IX)
$1,192,183
Management and general expenses
$183,772
Fundraising expenses
$31,876
Program service expenses (Part III)
$1,192,183

Program services were 84.7% 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

    $1,357,300

  • 1f · All other contributions, gifts and grants

    $102,000

  • 2a · Program service revenue: Seminar/Online Training

    total $39,476 · related or exempt $39,476

  • 3 · Investment income

    total $317,272 · excluded $317,272

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $103,326

  • 7c · Gain or loss

    securities $103,326

  • 7d · Net gain or loss

    total $103,326 · excluded $103,326

  • 8a · Fundraising events: gross income

    $141,700

  • 8a · Fundraising events: contributions included on line 1c

    $1,357,300

  • 8b · Fundraising events: direct expenses

    $540,196

  • 8c · Net income from fundraising events

    total -$398,496 · excluded -$398,496

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $927,621 · program services $927,621

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $152,904 · program services $111,289 · management and general $18,285 · fundraising $23,330

  • 8 · Pension plan contributions

    total $14,522 · program services $11,733 · management and general $1,452 · fundraising $1,337

  • 9 · Other employee benefits

    total $1,152 · program services $922 · management and general $115 · fundraising $115

  • 10 · Payroll taxes

    total $7,377 · program services $5,901 · management and general $738 · fundraising $738

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $26,461 · management and general $26,461

  • 11c · Fees: accounting

    total $12,938 · management and general $12,938

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $32,814 · program services $32,000 · management and general $814

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $42,490 · program services $31,121 · management and general $5,013 · fundraising $6,356

  • 17 · Travel

    total $19,380 · program services $11,282 · management and general $8,098

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $101,001 · program services $47,070 · management and general $53,931

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: Bank & Investment Fees

    total $46,272 · management and general $46,272

  • 24b · Other expenses: Printing and Publications

    total $13,108 · program services $13,108

  • 24c · Other expenses: Miscellaneous

    total $9,655 · management and general $9,655

  • 24d · Other expenses: Postage and Shipping

    total $136 · program services $136

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $1,505,247 · end of year $1,789,003

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $165,975 · end of year $196,530

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $34,730 · end of year $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $8,992,998 · end of year $7,122,980

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $124,287 · end of year $406,755

  • 27 · Net assets without donor restrictions

    beginning of year $9,372,898 · end of year $7,869,143

  • 28 · Net assets with donor restrictions

    beginning of year $1,201,765 · end of year $832,615

Mission and programs · 2022

Mission

Enhanced engagement in ground-breaking research and educational initiatives that benefit patients, improves outcomes, and advances public health.

  • Research: The NACDS Foundation provides funding for projects that advance its mission to improve the health and wellness of those living in the U.S. through medication management and related interventions. Through grantmaking, it seeks to improve the health and welfare of patients. The NACDS Foundation funded 12 research grants in 2022.

    Expenses $646,274 · Grants $604,021

  • Education: The NACDS Foundation provides important scholarship contributions to Pharmacy Schools throughout the United States. 33 U.S. based pharmacy schools were awarded support in 2022. The pharmacy school awards are designated for the school's scholarship funds for students.The Foundation also offers education programs and resources for pharmacists, pharmacy schools, pharmacy students and the general public on public health issues.

    Expenses $266,065 · Grants $235,600

  • 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 $160,839

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Steven C Anderson FASAE CAE

    Chairman

    Total calculated
    $2,287,572
    From this org
    $0
    From related orgs
    $2,240,616
    Other
    $46,956
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    not reported + $1,503,997 related
    Bonus
    not reported + $624,851 related
    Other
    not reported + $111,768 related
    Deferred
    not reported + $30,500 related
    Nontaxable benefits
    not reported + $16,456 related
    Filer's total
    not reported + $2,287,572 related

  • David M Fitzsimmons

    Treasurer

    Total calculated
    $572,985
    From this org
    $0
    From related orgs
    $503,798
    Other
    $69,187
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    not reported + $399,254 related
    Bonus
    not reported + $87,450 related
    Other
    not reported + $17,094 related
    Deferred
    not reported + $30,500 related
    Nontaxable benefits
    not reported + $38,687 related
    Filer's total
    not reported + $572,985 related

  • Sara Roszak

    President

    Total calculated
    $528,051
    From this org
    $0
    From related orgs
    $456,984
    Other
    $71,067
    Hours/week
    15 + 25 related

    Schedule J breakdown matched by us

    Base
    not reported + $341,308 related
    Bonus
    not reported + $82,500 related
    Other
    not reported + $33,176 related
    Deferred
    not reported + $30,500 related
    Nontaxable benefits
    not reported + $40,567 related
    Filer's total
    not reported + $528,051 related

  • Kayla McFeely

    Secretary

    Total calculated
    $227,874
    From this org
    $0
    From related orgs
    $180,968
    Other
    $46,906
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    not reported + $158,921 related
    Bonus
    not reported + $17,741 related
    Other
    not reported + $4,306 related
    Deferred
    not reported + $16,729 related
    Nontaxable benefits
    not reported + $30,177 related
    Filer's total
    not reported + $227,874 related

  • Michael Bohling

    President

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Caton

    Director

    Total calculated
    $0
    Hours/week
    1

  • Maureen Cavanaugh

    Director

    Total calculated
    $0
    Hours/week
    1

  • Brad Cochran

    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

  • Lou Dallago

    Director

    Total calculated
    $0
    Hours/week
    1

  • Maureen Danielewicz

    Director

    Total calculated
    $0
    Hours/week
    1

  • Phillip Durocher

    Director

    Total calculated
    $0
    Hours/week
    1

  • Nikki Griffin

    Director

    Total calculated
    $0
    Hours/week
    1

  • Nimesh Jhaveri

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jacquelyn Madsen

    Director

    Total calculated
    $0
    Hours/week
    1

  • Barbara Poremba

    Director

    Total calculated
    $0
    Hours/week
    1

  • Robert Potter

    Director

    Total calculated
    $0
    Hours/week
    1

  • Anthony Provenzano

    Director

    Total calculated
    $0
    Hours/week
    1

  • George Rafferty

    Director

    Total calculated
    $0
    Hours/week
    1

  • Rina Shah

    Director

    Total calculated
    $0
    Hours/week
    1

  • William Simpson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Karen Staniforth

    Director

    Total calculated
    $0
    Hours/week
    1

  • Richard Stephens

    Director

    Total calculated
    $0
    Hours/week
    1

  • Terry Thomas

    Director

    Total calculated
    $0
    Hours/week
    1

  • Papatya Tankut

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kristin Williams

    Director

    Total calculated
    $0
    Hours/week
    1 + 38 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)

Part III, Additional Information
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
2022
Filed
8 November 2023
IRS schema version
2022v5.0
Source object
202313129349301336

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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