Skip to content
Nonprofiteer
← NATIONAL ASSOCIATION OF BOARDS OF PHARMACY FOUNDATION INC

Form 990 for tax year 2023

Filed by NATIONAL ASSOCIATION OF BOARDS OF PHARMACY FOUNDATION INC.

Totals

Total revenue
$270,733
Total expenses
$600,124
Contributions and grants received
$49,206
Grants paid
$108,682
Program service revenue
$137,637
Investment income
$83,890
Other revenue
$0
Total assets, end of year
$5,670,351
Total liabilities, end of year
$940,936
Net assets or fund balances, end of year
$4,729,415
Program services expenses (Part IX)
$447,221
Management and general expenses
$152,903
Fundraising expenses
$0
Program service expenses (Part III)
$447,221

Program services were 74.5% 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.

  • 1f · All other contributions, gifts and grants

    $49,206

  • 2a · Program service revenue: NABPLAW SUBSCRIPTIONS

    total $125,177 · related or exempt $125,177

  • 2b · Program service revenue: STATE NEWSLETTERS

    total $12,460 · related or exempt $12,460

  • 3 · Investment income

    total $122,789 · excluded $122,789

  • 7a · Gross sales of assets other than inventory

    securities $4,547,528

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

    securities $4,586,427

  • 7c · Gain or loss

    securities -$38,899

  • 7d · Net gain or loss

    total -$38,899 · excluded -$38,899

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $108,682 · program services $108,682

  • 7 · Other salaries and wages

    total $225,639 · program services $165,837 · management and general $59,802

  • 8 · Pension plan contributions

    total $20,674 · program services $16,714 · management and general $3,960

  • 9 · Other employee benefits

    total $48,613 · program services $46,525 · management and general $2,088

  • 10 · Payroll taxes

    total $15,593 · program services $13,484 · management and general $2,109

  • 11c · Fees: accounting

    total $2,500 · management and general $2,500

  • 11f · Fees: investment management

    total $26,458 · management and general $26,458

  • 13 · Office expenses

    total $54,286 · program services $53,517 · management and general $769

  • 14 · Information technology

    total $42,462 · program services $42,462

  • 17 · Travel

    total $52,980 · management and general $52,980

  • 22 · Depreciation, depletion and amortization

    total $1,667 · management and general $1,667

  • 24a · Other expenses: DUES AND MEMBERSHIP

    total $570 · management and general $570

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $29,381 · end of year $116,468

  • 2 · Savings and temporary cash investments

    beginning of year $25,048 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $754,098 · end of year $206,349

  • 4 · Accounts receivable

    beginning of year $43,032 · end of year $16,520

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,917 · end of year $11,390

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

    $48,888

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

    $13,117

  • 10c · Land, buildings and equipment, net

    beginning of year $10,000 · end of year $35,771

  • 11 · Investments: publicly traded securities

    beginning of year $3,915,076 · end of year $4,467,052

  • 15 · Other assets

    beginning of year $635,900 · end of year $816,801

  • 17 · Accounts payable and accrued expenses

    beginning of year $121,947 · end of year $22,105

  • 19 · Deferred revenue

    beginning of year $101,433 · end of year $102,030

  • 21 · Escrow or custodial account liability

    beginning of year $635,900 · end of year $816,801

  • 27 · Net assets without donor restrictions

    beginning of year $4,564,172 · end of year $4,729,415

Mission and programs · 2023

Mission

THE NABP FOUNDATION ESTABLISHES CONTINUING EDUCATION PROGRAMS TO INFORM, EDUCATE AND INSTRUCT PHARMACY BOARD MEMBERS AND STAFF, DRUG LAW ENFORCEMENT AGENTS, LEGAL COUNSEL FOR THE BOARDS, AND PHARMACISTS AND OTHER HEALTH PROFESSIONALS. THE NABP FOUNDATION PROMOTES VOLUNTARY COMPLIANCE WITH PHARMACY AND DRUG LAWS BY HEALTH PROFESSIONALS AND ASSISTS PHARMACY BOARD MEMBERS IN MEETING THEIR RESPONSIBILITIES.

Activities or mission (Part I)

THE NABP FOUNDATION ESTABLISHES CONTINUING EDUCATION PROGRAMS.

  • THE NABP FOUNDATION SUPPORTS A COMPREHENSIVE, NATIONAL DATABANK OF STATE PHARMACY LAWS AND REGULATIONS, KNOWN AS NABPLAW. NABPLAW'S POWERFUL ONLINE SEARCH CAPABILITIES ALLOW USERS TO RESEARCH SUBJECTS ONE STATE AT A TIME OR ACROSS ALL FIFTY STATES AND THE DISTRICT OF COLUMBIA.

    Expenses $348,271 · Grants $108,682 · Revenue $125,177

  • TOGETHER WITH THE STATE BOARDS OF PHARMACY, THE NABP FOUNDATION ACTS ON MATTERS OF COMMON CONCERN AFFECTING THE PUBLIC HEALTH THROUGH THE PRODUCTION AND DISSEMINATION OF QUARTERLY "STATE NEWSLETTERS", WHICH PROVIDE PHARMACISTS WITH VITAL INFORMATION ABOUT THEIR STATE PHARMACY LAWS AND BOARD OF PHARMACY REGULATIONS. IN ADDDITION, THE QUARTERLY "NATIONAL PHARMACY COMPLIANCE NEWS" PROVIDES IMPORTANT NEWS AND ALERTS FROM THE FDA, DEA, HHS & CPSC, AS WELL AS CURRENT NATIONAL DEVELOPMENTS AFFECTING PHARMACY PRACTICE.

    Expenses $98,950 · Revenue $12,460

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • REGINALD DILLIARD

    CHAIRMAN

    Total calculated
    $5,000
    From this org
    $0
    From related orgs
    $5,000
    Other
    $0
    Hours/week
    3 + 3 related

  • LENORA S NEWSOME

    PRESIDENT

    Total calculated
    $8,000
    From this org
    $0
    From related orgs
    $8,000
    Other
    $0
    Hours/week
    5 + 3 related

  • JEFFREY J MESAROS

    PRESIDENT-ELECT

    Total calculated
    $5,000
    From this org
    $0
    From related orgs
    $5,000
    Other
    $0
    Hours/week
    3 + 3 related

  • NICOLE L CHOPSKI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • BRADLEY S HAMILTON

    TREASURER

    Total calculated
    $5,000
    From this org
    $0
    From related orgs
    $5,000
    Other
    $0
    Hours/week
    1 + 3 related

  • TRACI COLLIER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • JANET GETZEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • SHANE R WENDEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • STACEY RANUCCI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • KAMLISH GANDHI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • DEBORAH C MACK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • STEVEN W SCHIERHOLT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • LEMREY AL CARTER

    EXECUTIVE DIRECTOR/SECRETA

    Total calculated
    $646,927
    From this org
    $0
    From related orgs
    $578,340
    Other
    $68,587
    Hours/week
    3 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $561,802 related
    Bonus
    $0 + $16,538 related
    Other
    $0
    Deferred
    $0 + $39,600 related
    Nontaxable benefits
    $0 + $28,987 related
    Filer's total
    $0 + $646,927 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

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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

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
2023
Filed
30 August 2024
IRS schema version
2023v5.1
Source object
202422489349300407

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.