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Nonprofiteer
← NATIONAL ASSOCIATION OF CHAIN DRUG STORES INC

Form 990 for tax year 2022

Filed by NATIONAL ASSOCIATION OF CHAIN DRUG STORES INC.

Totals

Total revenue
$40,499,380
Total expenses
$34,802,999
Contributions and grants received
$10,000
Grants paid
$40,015
Program service revenue
$36,889,133
Investment income
$2,832,348
Other revenue
$767,899
Total assets, end of year
$97,504,027
Total liabilities, end of year
$33,413,842
Net assets or fund balances, end of year
$64,090,185
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 1e · Government grants (contributions)

    $10,000

  • 2a · Program service revenue: Advertising

    total $6,867 · unrelated business $6,867

  • 2b · Program service revenue: Conference/Trade Show

    total $25,414,801 · unrelated business $21,628 · excluded $25,393,173

  • 2c · Program service revenue: Legal/Coalition Support

    total $583,501 · related or exempt $583,501

  • 2d · Program service revenue: Membership Dues

    total $10,883,964 · related or exempt $10,883,964

  • 3 · Investment income

    total $2,290,769 · excluded $2,290,769

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

    total $0

  • 5 · Royalties

    total $14,345 · related or exempt $14,345

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $541,579

  • 7c · Gain or loss

    securities $541,579

  • 7d · Net gain or loss

    total $541,579 · excluded $541,579

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: Actuarial Gain on Retire Plan

    total $751,000 · excluded $751,000

  • 11b · Other revenue: Miscellaneous

    total $2,554 · excluded $2,554

  • 11e · Other revenue, total

    $753,554

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $40,015

  • 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 $6,497,271

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $7,378,821

  • 8 · Pension plan contributions

    total $812,703

  • 9 · Other employee benefits

    total $641,738

  • 10 · Payroll taxes

    total $606,500

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $1,207,287

  • 11c · Fees: accounting

    total $80,622

  • 11d · Fees: lobbying

    total $1,580,112

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $226,825

  • 11g · Fees: other

    total $33,415

  • 12 · Advertising and promotion

    total $139,605

  • 13 · Office expenses

    total $160,511

  • 14 · Information technology

    total $523,480

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $1,161,829

  • 17 · Travel

    total $321,374

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $10,507,145

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $229,656

  • 23 · Insurance

    total $282,338

  • 24a · Other expenses: Printing and Publications

    total $721,943

  • 24b · Other expenses: Credit Card and Bank fees

    total $526,802

  • 24c · Other expenses: Library Subs & Mbr Dues

    total $436,926

  • 24d · Other expenses: Tax Expense- 4720 Excise

    total $275,170

  • 24e · All other expenses

    total $410,911

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,925,659 · end of year $1,173,576

  • 2 · Savings and temporary cash investments

    beginning of year $8,121,571 · end of year $9,286,297

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $94,130 · end of year $599,056

  • 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 $1,383,988 · end of year $1,514,221

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

    $4,340,563

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

    $3,905,998

  • 10c · Land, buildings and equipment, net

    beginning of year $576,985 · end of year $434,565

  • 11 · Investments: publicly traded securities

    beginning of year $81,847,750 · end of year $72,834,520

  • 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

    beginning of year $3,578,627 · end of year $11,661,792

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,842,746 · end of year $5,567,198

  • 19 · Deferred revenue

    beginning of year $18,851,287 · end of year $17,633,640

  • 25 · Other liabilities

    end of year $10,213,004

  • 27 · Net assets without donor restrictions

    beginning of year $70,834,677 · end of year $64,090,185

Mission and programs · 2022

Mission

To advance the interests and objectives of the chain community pharmacy industry, by fostering its growth and promoting its role as a provider of healthcare services and consumer products.

  • ANNUAL MEETING - 2,000+ registrants. Directors and officers are elected. Key addresses by chairman of the board, president, and guest speakers. Provides attendees information regarding business, management, merchandising, operations, etc. Provides a forum for executive-level meetings between chain drug members and supplier partners.

  • CONFERENCES AND TRADE SHOWS - 4,000+ registrants. Two conferences held annually. Topics addressed include general merchandising trends, pharmacy and professional issues, health and wellness, and operational concerns of regional chain drug store retailers. Exhibit hall format with some general business sessions included.

  • FEDERAL AND STATE GOVERNMENT AFFAIRS PROGRAMS - Congressional relations program designed to communicate industry issues of concern to members of Congress; legislative and regulatory liaison designed to keep members informed on important legislative and regulatory developments. Similar program at the state government level.

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 AndersonFASAECAE

    President & CEO

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

    Schedule J breakdown matched by us

    Base
    $1,503,997
    Bonus
    $624,851
    Other
    $111,768
    Deferred
    $30,500
    Nontaxable benefits
    $16,456
    Filer's total
    $2,287,572

  • James A Whitman

    SVP Member Programs/Services

    Total calculated
    $1,224,339
    From this org
    $1,162,101
    From related orgs
    $0
    Other
    $62,238
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $708,646
    Bonus
    $356,763
    Other
    $96,692
    Deferred
    $30,500
    Nontaxable benefits
    $31,738
    Filer's total
    $1,224,339

  • Christopher P Krese

    SVP Congressional Relations & Com's

    Total calculated
    $805,839
    From this org
    $736,551
    From related orgs
    $0
    Other
    $69,288
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $614,816
    Bonus
    $127,463
    Other
    -$5,728
    Deferred
    $30,500
    Nontaxable benefits
    $38,788
    Filer's total
    $805,839

  • David M Fitzsimmons

    SVP Finance

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

    Schedule J breakdown matched by us

    Base
    $399,254
    Bonus
    $87,450
    Other
    $17,094
    Deferred
    $30,500
    Nontaxable benefits
    $38,687
    Filer's total
    $572,985

  • Christie Boutte

    SVP Reimb, Advocacy & Innovation

    Total calculated
    $550,476
    From this org
    $493,855
    From related orgs
    $0
    Other
    $56,621
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $392,669
    Bonus
    $85,800
    Other
    $15,386
    Deferred
    $30,500
    Nontaxable benefits
    $26,121
    Filer's total
    $550,476

  • Sara Roszak

    SVP Health & Wellness Strategy

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

    Schedule J breakdown matched by us

    Base
    $341,308
    Bonus
    $82,500
    Other
    $33,176
    Deferred
    $30,500
    Nontaxable benefits
    $40,567
    Filer's total
    $528,051

  • Michael Ayotte

    SVP Pharmacy Transform & Advocacy

    Total calculated
    $528,009
    From this org
    $464,318
    From related orgs
    $0
    Other
    $63,691
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $344,260
    Bonus
    $79,664
    Other
    $40,394
    Deferred
    $30,500
    Nontaxable benefits
    $33,191
    Filer's total
    $528,009

  • Mary Ellen Kleiman

    VP Legal Affairs

    Total calculated
    $472,177
    From this org
    $437,277
    From related orgs
    $0
    Other
    $34,900
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $365,047
    Bonus
    $50,695
    Other
    $21,535
    Deferred
    $30,500
    Nontaxable benefits
    $4,400
    Filer's total
    $472,177

  • Terrance Arth

    VP Member Programs

    Total calculated
    $451,586
    From this org
    $385,059
    From related orgs
    $0
    Other
    $66,527
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $316,377
    Bonus
    $50,000
    Other
    $18,682
    Deferred
    $30,500
    Nontaxable benefits
    $36,027
    Filer's total
    $451,586

  • Kevin Nicholson

    VP Regulatory Aff

    Total calculated
    $413,238
    From this org
    $366,548
    From related orgs
    $0
    Other
    $46,690
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $297,828
    Bonus
    $40,814
    Other
    $27,906
    Deferred
    $30,500
    Nontaxable benefits
    $16,190
    Filer's total
    $413,238

  • Sandra Kay Guckian

    VP State Govt

    Total calculated
    $363,802
    From this org
    $318,461
    From related orgs
    $0
    Other
    $45,341
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $254,832
    Bonus
    $37,183
    Other
    $26,446
    Deferred
    $28,183
    Nontaxable benefits
    $17,158
    Filer's total
    $363,802

  • William Tighe

    VP Federal Affairs

    Total calculated
    $363,414
    From this org
    $300,619
    From related orgs
    $0
    Other
    $62,795
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $256,947
    Bonus
    $37,125
    Other
    $6,547
    Deferred
    $26,735
    Nontaxable benefits
    $36,060
    Filer's total
    $363,414

  • Brian Nightengale

    Chair

    Total calculated
    $0
    Hours/week
    5

  • Andre Persaud

    Vice Chair

    Total calculated
    $0
    Hours/week
    5

  • Mike Wysong

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Brad Cochran

    Director

    Total calculated
    $0
    Hours/week
    1

  • Randy Edeker

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lynne Fruth

    Director

    Total calculated
    $0
    Hours/week
    1

  • Omer Gajial

    Director

    Total calculated
    $0
    Hours/week
    1

  • Rick Gates

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mark Griffin

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kevin Host

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sean Jackson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Nimesh Jhaveri

    Director

    Total calculated
    $0
    Hours/week
    1

  • Rick Keyes

    Director

    Total calculated
    $0
    Hours/week
    1

  • Colleen Lindholz

    Director

    Total calculated
    $0
    Hours/week
    1

  • Robert Narveson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Martin Otto

    Director

    Total calculated
    $0
    Hours/week
    1

  • Craig Painter

    Director

    Total calculated
    $0
    Hours/week
    1

  • Luke Rauch

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dain Rusk

    Director

    Total calculated
    $0
    Hours/week
    1

  • Karen Staniforth

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sharon Sternheim

    Director

    Total calculated
    $0
    Hours/week
    1

  • Debbie Weitzmann

    Director

    Total calculated
    $0
    Hours/week
    1

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

  • 1a · First-class or charter travel
  • 1a · Travel for companions
  • 1a · Tax indemnification and gross-up payments
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 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

The filer's explanations (Part III)

Part I, Line 1a: Relevant information in regards to selections on 1a.
Additional Information for Sch J, Part I Questions:First Class travel is allowed for the CEO for longer flights (per employment contract), and is used sparingly.Companion travel is rare, and when it does occur, it is included as taxable income on the employee's W-2, unless there is a bona fide business purpose.Health Club dues are reimbursed up to $250 per year and are included on the employee's W-2.

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.

  • NACDS Foundation Inc

    501(C)(3) · 501(C)(3) Supporting Organization · VA · controlled entity

    Directly controlled by National Assn of Chain Drug Stores Inc

  • NACDS Political Action Committee

    527 · Political Action Committee · VA · controlled entity

    Directly controlled by National Assn of Chain Drug Stores Inc

Provenance

Return type
form_990
Tax year
2022
Filed
8 November 2023
IRS schema version
2022v5.0
Source object
202313129349301521

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