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Nonprofiteer
← NATIONAL ASSOCIATION OF BOARDS OF PHARMACY

Form 990 for tax year 2023

Filed by NATIONAL ASSOCIATION OF BOARDS OF PHARMACY.

Totals

Total revenue
$44,643,981
Total expenses
$43,827,120
Contributions and grants received
$825,569
Grants paid
$10,150
Program service revenue
$37,294,026
Investment income
$3,184,610
Other revenue
$3,339,776
Total assets, end of year
$125,894,052
Total liabilities, end of year
$11,039,916
Net assets or fund balances, end of year
$114,854,136
Program services expenses (Part IX)
$28,505,207
Management and general expenses
$15,321,913
Fundraising expenses
$0
Program service expenses (Part III)
$28,505,207

Program services were 65.0% 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.

  • 1f · All other contributions, gifts and grants

    $825,569

  • 2a · Program service revenue: EXAMS AND ASSESSMENTS

    total $22,791,785 · related or exempt $22,791,785

  • 2b · Program service revenue: ACCREDITATIONS

    total $8,074,322 · related or exempt $8,074,322

  • 2c · Program service revenue: LICENSURE TRANSFERS

    total $5,422,636 · related or exempt $5,422,636

  • 2d · Program service revenue: OTHER PROGRAM REVENUE

    total $751,658 · related or exempt $751,658

  • 2e · Program service revenue: MEETINGS AND EDUCATION

    total $253,625 · related or exempt $253,625

  • 3 · Investment income

    total $2,958,210 · excluded $2,958,210

  • 5 · Royalties

    total $3,339,776 · excluded $3,339,776

  • 7a · Gross sales of assets other than inventory

    securities $49,806,968

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

    securities $49,580,568

  • 7c · Gain or loss

    securities $226,400

  • 7d · Net gain or loss

    total $226,400 · excluded $226,400

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,150 · program services $10,150

  • 5 · Compensation of officers, directors and key employees

    total $1,695,507 · program services $764,763 · management and general $930,744

  • 7 · Other salaries and wages

    total $17,253,088 · program services $10,083,694 · management and general $7,169,394

  • 8 · Pension plan contributions

    total $1,606,832 · program services $930,410 · management and general $676,422

  • 9 · Other employee benefits

    total $3,350,851 · program services $1,926,905 · management and general $1,423,946

  • 10 · Payroll taxes

    total $1,364,063 · program services $782,035 · management and general $582,028

  • 11b · Fees: legal

    total $1,247,699 · program services $114,981 · management and general $1,132,718

  • 11c · Fees: accounting

    total $42,100 · management and general $42,100

  • 11f · Fees: investment management

    total $358,438 · management and general $358,438

  • 11g · Fees: other

    total $9,033,634 · program services $8,831,066 · management and general $202,568

  • 12 · Advertising and promotion

    total $56,891 · program services $56,891

  • 13 · Office expenses

    total $259,363 · program services $153,798 · management and general $105,565

  • 14 · Information technology

    total $864,727 · program services $279,444 · management and general $585,283

  • 16 · Occupancy

    total $217,265 · program services $10,779 · management and general $206,486

  • 17 · Travel

    total $1,863,171 · program services $1,533,289 · management and general $329,882

  • 19 · Conferences, conventions and meetings

    total $650,573 · program services $556,693 · management and general $93,880

  • 22 · Depreciation, depletion and amortization

    total $1,202,775 · program services $694,872 · management and general $507,903

  • 23 · Insurance

    total $88,837 · program services $51,323 · management and general $37,514

  • 24a · Other expenses: SURVEY COST

    total $1,265,566 · program services $1,265,566

  • 24b · Other expenses: BANK AND CREDIT CARD FE

    total $846,399 · program services $2,959 · management and general $843,440

  • 24c · Other expenses: RECRUITMENT EXPENSE

    total $104,959 · management and general $104,959

  • 24d · Other expenses: BUILDING MAINTENANCE AN

    total $97,369 · program services $56,253 · management and general $41,116

  • 24e · All other expenses

    total $346,863 · program services $399,336 · management and general -$52,473

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,257,573 · end of year $614,644

  • 2 · Savings and temporary cash investments

    beginning of year $11,851,672 · end of year $3,316,514

  • 3 · Pledges and grants receivable

    beginning of year $620,000 · end of year $820,000

  • 4 · Accounts receivable

    beginning of year $1,690,980 · end of year $1,684,646

  • 7 · Other notes and loans receivable

    beginning of year $82,677 · end of year $58,768

  • 9 · Prepaid expenses and deferred charges

    beginning of year $652,316 · end of year $540,930

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

    $38,085,750

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

    $21,151,497

  • 10c · Land, buildings and equipment, net

    beginning of year $8,932,113 · end of year $16,934,253

  • 11 · Investments: publicly traded securities

    beginning of year $86,441,171 · end of year $98,408,208

  • 15 · Other assets

    beginning of year $3,332,295 · end of year $3,516,089

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,794,495 · end of year $5,820,445

  • 19 · Deferred revenue

    beginning of year $4,764,729 · end of year $5,013,122

  • 25 · Other liabilities

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

  • 27 · Net assets without donor restrictions

    beginning of year $104,547,475 · end of year $114,854,136

Mission and programs · 2023

Mission

NABP ASSISTS MEMBER BOARDS OF PHARMACY AND STATE JURISDICTIONS IN DEVELOPING, IMPLEMENTING AND ENFORCING UNIFORM STANDARDS FOR THE PURPOSE OF PROTECTING THE PUBLIC HEALTH, INCLUDING THE DEVELOPMENT OF PHARMACIST LICENSING EXAMINATIONS, ACCREDITATION IN PHARMACY, STATE LICENSING RECIPROCITY FOR PHARMACISTS, CURRICULUM OUTCOMES ASSESSMENT EXAMINATIONS AND ASSESSMENT TOOLS FOR LICENSURE AND REMEDIATION PURPOSES BY ITS MEMBER BOARDS, AS WELL AS MAINTENANCE OF THE PHARMACIST DISCIPLINARY CLEARINGHOUSE FOR LICENSES AND A CENTRALIZED REPOSITORY FOR CONTINUING PROFESSIONAL EDUCATION ACHIEVEMENT FOR PHARMACISTS AND TECHNICIANS.

Activities or mission (Part I)

NABP ASSISTS MEMBER BOARDS OF PHARMACY FOR THE PURPOSE OF PROTECTING THE PUBLIC HEALTH.

  • NABP EXAMINATION PROGRAMS INCLUDE THE NORTH AMERICAN PHARMACIST LICENSURE EXAMINATION ("NAPLEX"), THE MULTISTATE PHARMACY JURISPRUDENCE EXAMINATION ("MPJE"), THE FOREIGN PHARMACY GRADUATE EQUIVALENCY EXAMINATION ("FPGEE"), AS WELL AS PRACTICE EXAMINATIONS TO SUPPORT THE NAPLEX ("PRE-NAPLEX"), THE MULTISTATE PHARMACY JURISPRUDENCE EXAMINATION ("PRE-MPJE")AND THE FPGEE ("PRE-FPGEE"). DURING 2023, THERE WERE 17,894 ADMINISTRATIONS OF THE "NAPLEX" EXAM TO CANDIDATES FROM NUMEROUS SCHOOLS AND COLLEGES OF PHARMACY THROUGHOUT THE UNITED STATES; 32,770 ADMINISTRATIONS OF THE "MPJE" EXAM; AND 344 ADMINISTRATIONS OF THE "FPGEE" EXAM.

    Expenses $10,935,422 · Revenue $22,791,785

  • NABP ACCREDITATION PROGRAMS INCLUDE THE DURABLE MEDICAL EQUIPMENT, PROSTHETICS, ORTHOTICS, AND SUPPLIES ("DMEPOS"); THE DRUG DISTRIBUTOR ACCREDITATION PROGRAM ("DDA"); THE DIGITAL PHARMACY ACCREDITATION PROGRAM (DPA); SUPPLY CHAIN INSPECTION PROGRAM ("SCI"); VERIFIED PHARMACY PROGRAM ("VPP"); OTC MEDICAL DEVICE DISTRIBUTOR PROGRAM; DOTPHARMACY PROGRAM, COMMUNITY PHARMACY PROGRAM; AND SPECIALTY PHARMACY PROGRAM.

    Expenses $7,674,159 · Revenue $8,074,322

  • COMMUNICATIONS PROGRAMS INCLUDES PUBLICATIONS BOTH WRITTEN AND ELECTRONIC SUCH AS INNOVATIONS, THE NABP NEWSLETTER THAT FEATURE ARTICLES ABOUT THE PRACTICE OF PHARMACY AND REGULATORY ISSUES, UPDATES ON PROGRAMS ANDS SERVICES AND ASSOCIATION NEWS, ENEWS EMAIL IS NEWS DELIVERED TO A SUBSCRIBER'S INBOX INCLUDING THE LATEST NEWS ABOUT REGULATORY ISSUES, MEDICATION SAFETY, AND ONLINE PHARMACY SAFETY. MARKETING OUTREACH TO CONSUMERS REGARDING NABP PROGRAMS AND DRUG SAFETY ISSUES AND CUSTOMER ENGAGEMENT SERVICES WHICH ASSISTS THE ASSOCIATION USERS WITH ACCESSING INFORMATION.

    Expenses $1,526,666

  • NABP LICENSURE PROGRAMS INCLUDE THE ELECTRONIC LICENSURE TRANSFERPROGRAM ("ELTP").

    Expenses $1,521,995 · Revenue $5,422,636

  • MEMBERSHIP SERVICES INCLUDE A SERIES OF INTERACTIVE FORUMS AVAILABLE TO MEMBER BOARD OF PHARMACY EXECUTIVES, INSPECTORS, AND LEGAL COUNSEL TO MEET AND DISCUSS IMPORTANT ISSUES FACING THEIR JURISDICTIONS. MEMBERSHIP SERVICES ALSO INCLUDES OUTREACH BY NABP STAFF TO THE MEMBERBOARDS TO ASSIST THE MEMBERS IN THEIR MISSIONS TO PROTECT THE PUBLIC HEALTH THROUGH RESEARCH AND BEST PRACTICES MODELS AND SUPPORT SERVICES WHEN NEEDED.

    Expenses $1,684,117 · Revenue $16,250

  • Expenses $5,162,848 · Grants $10,150 · Revenue $989,033

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
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Lenora S Newsome

    PRESIDENT

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

  • Jeffrey J Mesaros

    PRESIDENT-ELECT

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

  • Bradley S Hamilton

    TREASURER

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

  • Stacey Ranucci

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Janet Getzey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Traci Collier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Steven W Schierholt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Shane R Wendel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Deborah C Mack

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Nicole L Chopski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Kamlesh Gandhi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Lemrey Al Carter

    EXECUTIVE DIRECTOR/SECRETARY

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

    Schedule J breakdown matched by us

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

  • Therese Ertler

    CHIEF FINANCIAL OFFICER

    Total calculated
    $208,013
    From this org
    $175,915
    From related orgs
    $0
    Other
    $32,098
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $168,915
    Bonus
    $7,000
    Other
    $0
    Deferred
    $21,087
    Nontaxable benefits
    $11,011
    Filer's total
    $208,013

  • Lawrence Strass

    CHIEF FINANCIAL OFFICER

    Total calculated
    $182,189
    From this org
    $150,929
    From related orgs
    $0
    Other
    $31,260
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $150,929
    Bonus
    $0
    Other
    $0
    Deferred
    $19,707
    Nontaxable benefits
    $11,553
    Filer's total
    $182,189

  • William J Cover

    ASSOCIATE EXECUTIVE DIRECTOR

    Total calculated
    $321,824
    From this org
    $263,714
    From related orgs
    $0
    Other
    $58,110
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $253,792
    Bonus
    $9,922
    Other
    $0
    Deferred
    $32,510
    Nontaxable benefits
    $25,600
    Filer's total
    $321,824

  • Patricia Milazzo

    ASSOCIATE EXECUTIVE DIRECTOR

    Total calculated
    $313,554
    From this org
    $261,710
    From related orgs
    $0
    Other
    $51,844
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $251,703
    Bonus
    $10,007
    Other
    $0
    Deferred
    $35,403
    Nontaxable benefits
    $16,441
    Filer's total
    $313,554

  • Melissa Becker

    ASSOCIATE EXECUTIVE DIRECTOR

    Total calculated
    $293,480
    From this org
    $241,788
    From related orgs
    $0
    Other
    $51,692
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $233,104
    Bonus
    $8,684
    Other
    $0
    Deferred
    $30,725
    Nontaxable benefits
    $20,967
    Filer's total
    $293,480

  • Joshua M Bolin

    ASSOCIATE EXECUTIVE DIRECTOR

    Total calculated
    $335,645
    From this org
    $273,853
    From related orgs
    $0
    Other
    $61,792
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $260,854
    Bonus
    $12,999
    Other
    $0
    Deferred
    $36,117
    Nontaxable benefits
    $25,675
    Filer's total
    $335,645

  • M Gibbons

    ASSOCIATE EXECUTIVE DIRECTOR

    Total calculated
    $281,636
    From this org
    $233,010
    From related orgs
    $0
    Other
    $48,626
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $223,069
    Bonus
    $9,941
    Other
    $0
    Deferred
    $30,923
    Nontaxable benefits
    $17,703
    Filer's total
    $281,636

  • Praseed Thapparambil

    CHIEF TECHNOLOGY OFFICER

    Total calculated
    $290,015
    From this org
    $232,524
    From related orgs
    $0
    Other
    $57,491
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $222,253
    Bonus
    $10,271
    Other
    $0
    Deferred
    $31,950
    Nontaxable benefits
    $25,541
    Filer's total
    $290,015

  • Robert Cowan

    BUSINESS DEVELOPMENT OFFICER

    Total calculated
    $251,668
    From this org
    $206,204
    From related orgs
    $0
    Other
    $45,464
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $194,131
    Bonus
    $12,073
    Other
    $0
    Deferred
    $27,814
    Nontaxable benefits
    $17,650
    Filer's total
    $251,668

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

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

No itemized grants to organizations 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
202402489349300905

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