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← IOWA PHARMACY ASSOCIATION

Form 990 for tax year 2024

Filed by IOWA PHARMACY ASSOCIATION.

Totals

Total revenue
$2,035,714
Total expenses
$1,580,184
Contributions and grants received
$15,328
Grants paid
$0
Program service revenue
$1,528,687
Investment income
$389,757
Other revenue
$101,942
Total assets, end of year
$1,705,678
Total liabilities, end of year
$714,900
Net assets or fund balances, end of year
$990,778
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.

  • 1f · All other contributions, gifts and grants

    $15,328

  • 2a · Program service revenue: Membership dues

    total $381,916 · related or exempt $381,916

  • 2b · Program service revenue: Publications

    total $79,442 · related or exempt $79,442

  • 2c · Program service revenue: Conferences

    total $296,373 · related or exempt $296,373

  • 2d · Program service revenue: Sponsor and parnership income

    total $353,222 · related or exempt $353,222

  • 2e · Program service revenue: Program grants

    total $417,734 · related or exempt $417,734

  • 3 · Investment income

    total $387,718 · excluded $387,718

  • 7a · Gross sales of assets other than inventory

    other assets $30,905

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

    other assets $28,866

  • 7c · Gain or loss

    other assets $2,039

  • 7d · Net gain or loss

    total $2,039

  • 11a · Other revenue: Management services

    total $96,111

  • 11b · Other revenue: Other Revenue

    total $5,831

  • 11e · Other revenue, total

    $101,942

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 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 $216,663

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $493,093

  • 8 · Pension plan contributions

    total $13,070

  • 9 · Other employee benefits

    total $13,128

  • 10 · Payroll taxes

    total $53,823

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $60,000

  • 11c · Fees: accounting

    total $33,051

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $3,712

  • 11g · Fees: other

    total $11,869

  • 12 · Advertising and promotion

    total $1,494

  • 13 · Office expenses

    total $16,896

  • 14 · Information technology

    total $49,378

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $59,155

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $404,110

  • 20 · Interest

    total $46

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $14,439

  • 23 · Insurance

    total $5,304

  • 24a · Other expenses: CPE Accreditation

    total $423

  • 24b · Other expenses: Grant project expenses

    total $51,799

  • 24c · Other expenses: Publications

    total $44,801

  • 24d · Other expenses: Recognition and awards

    total $4,832

  • 24e · All other expenses

    total $29,098

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $100 · end of year $13

  • 2 · Savings and temporary cash investments

    beginning of year $236,026 · end of year $475,436

  • 4 · Accounts receivable

    beginning of year $81,792 · end of year $87,510

  • 9 · Prepaid expenses and deferred charges

    beginning of year $108,769 · end of year $36,625

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

    $119,419

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

    $82,775

  • 10c · Land, buildings and equipment, net

    beginning of year $15,788 · end of year $36,644

  • 11 · Investments: publicly traded securities

    beginning of year $549,962 · end of year $954,186

  • 12 · Investments: other securities

    beginning of year $70,228 · end of year $5,804

  • 15 · Other assets

    end of year $109,460

  • 17 · Accounts payable and accrued expenses

    beginning of year $157,126 · end of year $113,325

  • 19 · Deferred revenue

    beginning of year $243,866 · end of year $257,820

  • 25 · Other liabilities

    beginning of year $163,465 · end of year $343,755

  • 27 · Net assets without donor restrictions

    beginning of year $498,208 · end of year $990,778

Mission and programs · 2024

Mission

Preserve and advance the interests of the profession of pharmacy and to serve the professional needs of member pharmacists, pharmacy technicians, student pharmacists, and pharmacy owners.

Activities or mission (Part I)

The Iowa Pharmacy Association empowers the pharmacy profession to improve health outcomes.

  • Legislative support In 2023 the IPA advocated for legislation to modernize the Iowa pharmacy practice act and to increase PBM pharmacy benefits managers regulation and enforcement in Iowa.

As filed on the 2024 return.

Listed in Part VII

  • Kate Gainer

    Executive VP CEO

    Total calculated
    $216,633
    From this org
    $184,056
    From related orgs
    $0
    Other
    $32,577
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,036
    Bonus
    not reported
    Other
    not reported
    Deferred
    $5,701
    Nontaxable benefits
    $20,896
    Filer's total
    $216,633

  • John Hamiel

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Jim Hoehns

    President

    Total calculated
    $0
    Hours/week
    1

  • Wes Pilkington

    President-Elect

    Total calculated
    $0
    Hours/week
    1

  • Kristin Meyer

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Laura Knockel

    Speaker of the House

    Total calculated
    $0
    Hours/week
    1

  • Ryan Jacobsen

    Vice Speaker of the House

    Total calculated
    $0
    Hours/week
    1

  • Kelly Kent

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Natalie Hunter

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Helen Eddy

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Wendy Kinne

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Brett Faine

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Cory Garvin

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Andrew Stessman

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Betsie Frey

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mike Pursel

    Honorary President

    Total calculated
    $0
    Hours/week
    1

  • Connie Bentrott

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Kelly Anderson

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Sabrina Renner

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Stacy Johnson

    Trustee

    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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • PNI Inc

    C Corp · Facilities · IA · 100% owned · share of income $363,444 · controlled entity

    Directly controlled by Iowa Pharmacy Foundation

Provenance

Return type
form_990
Tax year
2024
Filed
5 November 2025
IRS schema version
2024v5.2
Source object
202543179349306274

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