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Nonprofiteer
← NATIONAL ASSOCIATION OF CHAIN DRUG STORES INC

Form 990 for tax year 2024

Filed by NATIONAL ASSOCIATION OF CHAIN DRUG STORES INC.

Totals

Total revenue
$364,100,689
Total expenses
$44,684,975
Contributions and grants received
$0
Grants paid
$39,934
Program service revenue
$38,577,056
Investment income
$325,495,985
Other revenue
$27,648
Total assets, end of year
$623,210,740
Total liabilities, end of year
$34,365,700
Net assets or fund balances, end of year
$588,845,040
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 2a · Program service revenue: CONFERENCE/TRADESHOW

    total $27,405,731 · unrelated business $15,000 · excluded $27,390,731

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $10,762,073 · related or exempt $10,762,073

  • 2c · Program service revenue: LEGAL/COALITION SUPPOR

    total $374,486 · related or exempt $374,486

  • 2d · Program service revenue: ADVERTISING

    total $34,766 · unrelated business $34,766

  • 3 · Investment income

    total $66,925,111 · excluded $66,925,111

  • 5 · Royalties

    total $27,648 · excluded $27,648

  • 7a · Gross sales of assets other than inventory

    securities $253,822,852 · other assets $256,826,198

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

    securities $251,685,239 · other assets $392,937

  • 7c · Gain or loss

    securities $2,137,613 · other assets $256,433,261

  • 7d · Net gain or loss

    total $258,570,874 · excluded $258,570,874

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $39,934

  • 5 · Compensation of officers, directors and key employees

    total $8,060,560

  • 7 · Other salaries and wages

    total $8,417,764

  • 8 · Pension plan contributions

    total $840,053

  • 9 · Other employee benefits

    total $1,000,476

  • 10 · Payroll taxes

    total $724,069

  • 11b · Fees: legal

    total $1,481,909

  • 11c · Fees: accounting

    total $78,888

  • 11d · Fees: lobbying

    total $1,123,454

  • 11f · Fees: investment management

    total $261,691

  • 11g · Fees: other

    total $2,352,112

  • 12 · Advertising and promotion

    total $1,925,161

  • 13 · Office expenses

    total $399,048

  • 14 · Information technology

    total $827,805

  • 16 · Occupancy

    total $1,209,013

  • 17 · Travel

    total $566,163

  • 19 · Conferences, conventions and meetings

    total $12,788,520

  • 22 · Depreciation, depletion and amortization

    total $133,566

  • 23 · Insurance

    total $283,037

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

    total $695,366

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $634,827

  • 24c · Other expenses: TAX EXPENSE

    total $476,429

  • 24d · Other expenses: SPONSORSHIP/POLITICAL C

    total $156,050

  • 24e · All other expenses

    total $209,080

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,185,207 · end of year $2,073,389

  • 2 · Savings and temporary cash investments

    beginning of year $10,457,603 · end of year $330,837,451

  • 4 · Accounts receivable

    beginning of year $381,461 · end of year $1,590,181

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,804,186 · end of year $4,785,797

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

    $4,540,564

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

    $4,131,160

  • 10c · Land, buildings and equipment, net

    beginning of year $428,476 · end of year $409,404

  • 11 · Investments: publicly traded securities

    beginning of year $79,310,580 · end of year $79,684,648

  • 12 · Investments: other securities

    beginning of year $1,900,000 · end of year $195,229,607

  • 15 · Other assets

    beginning of year $9,254,581 · end of year $8,600,263

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,736,526 · end of year $6,583,673

  • 19 · Deferred revenue

    beginning of year $18,698,398 · end of year $19,751,344

  • 25 · Other liabilities

    beginning of year $9,214,673 · end of year $8,030,683

  • 27 · Net assets without donor restrictions

    beginning of year $71,072,497 · end of year $588,845,040

Mission and programs · 2024

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.

  • PHARMACY OPERATIONS AND PATIENT CARE PROGRAMS - VARIOUS PROGRAMS TO DEMONSTRATE AND COMMUNICATE THE VALUE OF PHARMACY SERVICES IN IMPROVING HEALTH OUTCOMES AND LOWERING OVERALL HEALTHCARE COSTS. INCLUDES WORKING WITH OTHER ALLIED TRADE ASSOCIATIONS AND STATE BOARDS OF PHARMACY TO ADDRESS PHARMACY PRACTICES AND PROFESSIONAL ISSUES WHICH AFFECT CHAIN DRUG STORE OPERATIONS. ALSO PROVIDE ONLINE EDUCATIONAL COURSES FORPHARMACISTS.OTHER PROGRAM SERVICES - VARIOUS OTHER SERVICES TO MEMBERS INCLUDING REGULATORY GUIDANCE ON INDUSTRY ISSUES, LEGAL SUPPORT ON INDUSTRY MATTERS, MEMBERSHIP DIRECTORY, PUBLIC RELATIONS AND COMMUNICATIONS, AND FRONT-END RETAIL SUPPORT.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • KEVIN HOST

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • RICK GATES

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • DAVID WARNER

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • BRAD COCHRAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RANDY EDEKER

    DIRECTOR (THRU 8/1/24)

    Total calculated
    $0
    Hours/week
    1

  • LYNNE FRUTH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • OMER GAJIAL

    DIRECTOR (THRU 9/1/24)

    Total calculated
    $0
    Hours/week
    1

  • JEREMY GOSCH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARK GRIFFIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SEAN JACKSON

    DIRECTOR (THRU 10/1/24)

    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

  • ANDRE PERSAUD

    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

  • MIKE STIGERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JIM TSIPAKIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MIKE WYSONG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JENNI ZILKA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEVEN C ANDERSON FASAE CAE IOM

    PRESIDENT & CEO

    Total calculated
    $3,110,519
    From this org
    $3,025,333
    From related orgs
    $0
    Other
    $85,186
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $1,734,850
    Bonus
    $1,266,122
    Other
    $24,361
    Deferred
    $57,500
    Nontaxable benefits
    $123,023
    Filer's total
    $3,205,856

  • DAVID FITZSIMMONS

    SVP FINANCE

    Total calculated
    $652,388
    From this org
    $587,602
    From related orgs
    $0
    Other
    $64,786
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $440,754
    Bonus
    $142,888
    Other
    $3,960
    Deferred
    $34,500
    Nontaxable benefits
    $40,922
    Filer's total
    $663,024

  • JAMES WHITMAN

    SVP MEMBER PROGRAMS/SERVICES

    Total calculated
    $1,264,196
    From this org
    $1,180,998
    From related orgs
    $0
    Other
    $83,198
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $795,902
    Bonus
    $373,971
    Other
    $11,125
    Deferred
    $57,500
    Nontaxable benefits
    $35,374
    Filer's total
    $1,273,872

  • CHRISTIE BOUTTE

    SVP REIMB, ADVOCACY & INNOVATION

    Total calculated
    $881,728
    From this org
    $828,212
    From related orgs
    $0
    Other
    $53,516
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $432,184
    Bonus
    $395,218
    Other
    $810
    Deferred
    $34,500
    Nontaxable benefits
    $26,987
    Filer's total
    $889,699

  • CHRIS KRESE

    SVP CONGRESSIONAL RELATIONS

    Total calculated
    $846,855
    From this org
    $778,065
    From related orgs
    $0
    Other
    $68,790
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $641,434
    Bonus
    $135,389
    Other
    $1,242
    Deferred
    $34,500
    Nontaxable benefits
    $45,026
    Filer's total
    $857,591

  • MICHAEL AYOTTE

    SVP PHARMACY TRANSFROM & ADVOC

    Total calculated
    $562,879
    From this org
    $491,181
    From related orgs
    $0
    Other
    $71,698
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $399,704
    Bonus
    $84,618
    Other
    $6,859
    Deferred
    $46,000
    Nontaxable benefits
    $34,761
    Filer's total
    $571,942

  • SARA ROSZAK

    SVP HEALTH & WELLNESS STRATEGY

    Total calculated
    $588,098
    From this org
    $501,212
    From related orgs
    $0
    Other
    $86,886
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $413,095
    Bonus
    $87,631
    Other
    $486
    Deferred
    $56,000
    Nontaxable benefits
    $41,365
    Filer's total
    $598,577

  • KEVIN NICHOLSON

    VP REGULATORY AFF

    Total calculated
    $446,383
    From this org
    $387,160
    From related orgs
    $0
    Other
    $59,223
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $337,209
    Bonus
    $47,629
    Other
    $2,322
    Deferred
    $34,449
    Nontaxable benefits
    $33,520
    Filer's total
    $455,129

  • TERRENCE ARTH

    VP MEMBER PROGRAMS

    Total calculated
    $488,440
    From this org
    $426,254
    From related orgs
    $0
    Other
    $62,186
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $352,395
    Bonus
    $67,000
    Other
    $6,859
    Deferred
    $34,500
    Nontaxable benefits
    $38,290
    Filer's total
    $499,044

  • SANDRA KAY GUCKIAN

    VP STATE GOVT

    Total calculated
    $382,662
    From this org
    $339,531
    From related orgs
    $0
    Other
    $43,131
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $294,005
    Bonus
    $43,204
    Other
    $2,322
    Deferred
    $29,890
    Nontaxable benefits
    $19,311
    Filer's total
    $388,732

  • WILLIAM TIGHE

    VP FEDERAL AFFAIRS

    Total calculated
    $408,460
    From this org
    $349,969
    From related orgs
    $0
    Other
    $58,491
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $303,878
    Bonus
    $45,281
    Other
    $810
    Deferred
    $30,805
    Nontaxable benefits
    $38,076
    Filer's total
    $418,850

  • HEIDI ECKER

    VP GOV, POLITICAL & DIGITAL ENG

    Total calculated
    $359,421
    From this org
    $305,645
    From related orgs
    $0
    Other
    $53,776
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $266,476
    Bonus
    $37,927
    Other
    $1,242
    Deferred
    $27,431
    Nontaxable benefits
    $33,381
    Filer's total
    $366,457

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 · 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
ADDITIONAL INFORMATION FOR SCH J, PART I QUESTIONS: FIRST CLASS TRAVEL IS ALLOWED FOR THE CEO FOR LONGER FLIGHTS (PER EMPLOYMENT CONTRACT). COMPANION TRAVEL FOR CEO AND SVP MEMBER PROGRAMS IS ALLOWED FOR TAXPAYER'S OWN CONFERENCES, AS THERE IS A BONA FIDE PURPOSE FOR ATTENDANCE. AS SUCH, PAYMENTS FOR CEO'S COMPANION TRAVEL ARE NOT GROSSED UP. HEALTH CLUB DUES ARE REIMBURSED UP TO $300 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
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202533149349305398

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