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Nonprofiteer
← NATIONAL ASSOCIATION OF CHAIN DRUG STORES FOUNDATION

Form 990 for tax year 2023

Filed by NATIONAL ASSOCIATION OF CHAIN DRUG STORES FOUNDATION.

What the amendment changed

Compared with the return it replaced , filed 12 April 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$0 changed to $844,713
Total expenses
$0 changed to $1,437,618
Contributions and grants received
$0 changed to $1,065,100
Grants paid
$0 changed to $987,142
Program service revenue
$0 changed to $25,160
Investment income
$0 changed to $126,090
Other revenue
$0 changed to -$371,637
Total assets, end of year
$0 changed to $9,159,229
Total liabilities, end of year
$0 changed to $82,103
Net assets or fund balances, end of year
$0 changed to $9,077,126
Program services expenses
$0 changed to $1,267,885
Management and general expenses
$0 changed to $139,808
Fundraising expenses
$0 changed to $29,925
Program service expenses (Part III)
not reported changed to $1,267,885

Listed only on the earlier return

  • Barbara Poremba
  • Brad Cochran
  • Karen Staniforth
  • Maureen Danielewicz
  • Papatya Tankut
  • Phillip Durocher

Listed only on the later return

  • Amy McAnarney
  • Chad Riley
  • Lisa Paley
  • Marvin Vines
  • Naomi Duvall
  • Summer Kerley

Listed under a different title

  • Michael Bohling: President then Director

Totals

Total revenue
$844,713
Total expenses
$1,437,618
Contributions and grants received
$1,065,100
Grants paid
$987,142
Program service revenue
$25,160
Investment income
$126,090
Other revenue
-$371,637
Total assets, end of year
$9,159,229
Total liabilities, end of year
$82,103
Net assets or fund balances, end of year
$9,077,126
Program services expenses (Part IX)
$1,267,885
Management and general expenses
$139,808
Fundraising expenses
$29,925
Program service expenses (Part III)
$1,267,885

Program services were 88.2% 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

    $975,100

  • 1f · All other contributions, gifts and grants

    $90,000

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

    total $25,160 · related or exempt $25,160

  • 3 · Investment income

    total $262,394 · related or exempt $262,394

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

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

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

    securities $136,304

  • 7c · Gain or loss

    securities -$136,304

  • 7d · Net gain or loss

    total -$136,304 · excluded -$136,304

  • 8a · Fundraising events: gross income

    $291,100

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

    $975,100

  • 8b · Fundraising events: direct expenses

    $662,737

  • 8c · Net income from fundraising events

    total -$371,637

  • 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 $987,142 · program services $987,142

  • 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 $171,407 · program services $133,144 · management and general $16,721 · fundraising $21,542

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $30,334 · program services $22,570 · management and general $3,772 · fundraising $3,992

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $22,557 · management and general $22,557

  • 11c · Fees: accounting

    total $12,200 · management and general $12,200

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $13,053 · management and general $13,053

  • 11g · Fees: other

    total $16,721 · program services $15,872 · management and general $849

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $949 · program services $320 · management and general $629

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $44,075 · program services $33,871 · management and general $5,813 · fundraising $4,391

  • 17 · Travel

    total $26,442 · program services $14,968 · management and general $11,474

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $88,260 · program services $55,402 · management and general $32,858

  • 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 Fees

    total $22,775 · management and general $22,775

  • 24b · Other expenses: Miscellaneous

    total $9,992 · program services $1,455 · management and general $8,537

  • 24c · Other expenses: Printing and Publications

    total $5,275 · program services $3,128 · management and general $2,147

  • 24d · Other expenses: Credit Card Fees

    total $3,808 · management and general $3,808

  • 24e · All other expenses

    total -$17,372 · program services $13 · management and general -$17,385

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $171,813

  • 2 · Savings and temporary cash investments

    beginning of year $1,789,003 · end of year $120,555

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $196,530 · end of year $3,075

  • 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

    end of year $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $7,122,980 · end of year $8,863,786

  • 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 $406,755 · end of year $82,102

  • 25 · Other liabilities

    end of year $1

  • 27 · Net assets without donor restrictions

    beginning of year $7,869,143 · end of year $8,187,188

  • 28 · Net assets with donor restrictions

    beginning of year $832,615 · end of year $889,938

Mission and programs · 2023

Mission

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

  • Research: The NACDS Foundation supports impactful, healthcare transformation research projects that address disparities and improve health outcomes across the country. By providing research grants to academic institutions and community partners, the Foundation seeks to improve the health and wellness of communities. The NACDS Foundation funded 8 research grants in 2023.

    Expenses $712,908 · Grants $696,907

  • Education: The NACDS Foundation Scholarship program supports community-based learning experiences or other curriculum innovations that advance pharmacy education as well as increase diversity in pharmacy education. 33 U.S. based and ACPE accredited pharmacy schools were provided awards in 2023.The Foundation also offers educational programs and resources for pharmacists, pharmacy schools, and communities on public health issues.

    Expenses $225,002 · Grants $160,000 · Revenue $90,000

  • 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 $189,585

As filed on the 2023 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
    $2,405,819
    From this org
    $0
    From related orgs
    $2,335,583
    Other
    $70,236
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    not reported + $1,555,418 related
    Bonus
    not reported + $646,721 related
    Other
    not reported + $133,444 related
    Deferred
    not reported + $33,000 related
    Nontaxable benefits
    not reported + $37,236 related
    Filer's total
    not reported + $2,405,819 related

  • David M Fitzsimmons

    Treasurer

    Total calculated
    $592,755
    From this org
    $0
    From related orgs
    $521,936
    Other
    $70,819
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    not reported + $411,921 related
    Bonus
    not reported + $90,183 related
    Other
    not reported + $19,832 related
    Deferred
    not reported + $33,000 related
    Nontaxable benefits
    not reported + $37,819 related
    Filer's total
    not reported + $592,755 related

  • Sara Roszak

    President

    Total calculated
    $559,734
    From this org
    $0
    From related orgs
    $486,585
    Other
    $73,149
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    not reported + $364,831 related
    Bonus
    not reported + $85,078 related
    Other
    not reported + $36,676 related
    Deferred
    not reported + $33,000 related
    Nontaxable benefits
    not reported + $40,149 related
    Filer's total
    not reported + $559,734 related

  • Kayla McFeely

    Secretary

    Total calculated
    $248,869
    From this org
    $0
    From related orgs
    $200,656
    Other
    $48,213
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    not reported + $175,058 related
    Bonus
    not reported + $20,520 related
    Other
    not reported + $5,078 related
    Deferred
    not reported + $18,427 related
    Nontaxable benefits
    not reported + $29,786 related
    Filer's total
    not reported + $248,869 related

  • Michael Bohling

    Director

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Caton

    Director

    Total calculated
    $0
    Hours/week
    1

  • Maureen Cavanaugh

    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

  • Naomi Duvall

    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

  • Summer Kerley

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jacquelyn Madsen

    Director

    Total calculated
    $0
    Hours/week
    1

  • Amy McAnarney

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lisa Paley

    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

  • Chad Riley

    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

  • Richard Stephens

    Director

    Total calculated
    $0
    Hours/week
    1

  • Terry Thomas

    Director

    Total calculated
    $0
    Hours/week
    1

  • Marvin Vines

    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
2023
Filed
31 October 2024
IRS schema version
2023v5.1
Source object
202423059349302127

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

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