2024-05-15T13:07:46-05:00 2023-06-30 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2022-07-01 361520710 NATIONAL COMMUNITY PHARMACISTS ASSOCIATION NATI 7036838200 100 DAINGERFIELD ROAD ALEXANDRIA VA 223142885 B DOUGLAS HOEY CEO 7036838200 2024-05-15 1 B DOUGLAS HOEY 999009999 0 RICHARD J LOCASTRO CPA P00288314 3019519090 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z B DOUGLAS HOEY 100 DAINGERFIELD ROAD ALEXANDRIA VA 223142885 46217482 0 X WWW.NCPA.ORG X 1898 VA DEDICATED TO THE CONTINUING GROWTH AND PROSPERITY OF INDEPENDENT COMMUNITY PHARMACY IN THE UNITED STATES. 10 10 76 88 944524 329201 3580791 2458129 10921591 9686158 3343243 1035687 1749452 1006728 19595077 14186702 65014 26217 0 0 7987681 8111767 0 0 0 9153093 6737415 17205788 14875399 2389289 -688697 137230570 140682212 5789049 8741483 131441521 131940729 X NCPA PROTECTS AND PROMOTES THE INTERESTS OF INDEPENDENT PHARMACISTS WHOSE CURRENT AND FUTURE SUCCESS IS VITAL TO THEIR PATIENTS, THEIR COMMUNITIES, AND THE ENTIRE HEALTHCARE SYSTEM. 0 0 GOVERNMENT AFFAIRS: NCPA FIGHTS FOR THE INTERESTS OF INDEPENDENT COMMUNITY PHARMACISTS. ONE OF ITS MAIN ACTIVITIES IS EDUCATION. NCPA EDUCATES FEDERAL AND STATE POLICYMAKERS, HEALTH PLAN SPONSORS, HEALTH CARE PROVIDERS, THE NEWS MEDIA, THE PUBLIC, AND OTHER STAKEHOLDERS ABOUT THE IMPORTANT ROLE COMMUNITY PHARMACISTS PLAY IN AMERICA'S HEALTH CARE SYSTEM. NCPA ALSO ENGAGES ITS MEMBERS IN TRADITIONAL GRASSROOTS ACTIVITIES. WHEN NECESSARY, THE ASSOCIATION ADVANCES THE INTERESTS OF LOCAL PHARMACISTS THROUGH THE JUDICIAL SYSTEM AS WELL. NCPA MEMBERS ALSO BENEFIT FROM EXCLUSIVE, TIMELY UPDATES ON THE LATEST CONGRESSIONAL, STATE, AND REGULATORY CHANGES THAT AFFECT THEIR BUSINESSES. CONVENTION AND MEETINGS: NCPA ORGANIZES AN ANNUAL CONVENTION, WHICH IS THE PREEMINENT EDUCATIONAL, BUSINESS DEVELOPMENT, AND NETWORKING OPPORTUNITY FOR INDEPENDENT COMMUNITY PHARMACISTS. EVERY SPRING, NCPA ORGANIZES AND HOSTS ITS CONGRESSIONAL PHARMACY FLY-IN, DURING WHICH NCPA MEMBERS FROM AROUND THE COUNTRY FLY TO WASHINGTON, DC, TO MEET WITH THEIR FEDERAL REPRESENTATIVES ON KEY ISSUES. OTHER, REGIONAL EVENTS SUPPORTING AND PROMOTING INDEPENDENT PHARMACY OWNERSHIP AND GROWTH ARE HELD ACROSS THE COUNTRY THROUGHOUT THE YEAR. COMMUNICATIONS: PUBLISHES "AMERICA'S PHARMACIST" THE FLAGSHIP, MONTHLY PRINTED MAGAZINE FOR INDEPENDENT PHARMACISTS, AS WELL AS ELECTRONIC NEWSLETTERS, FAX COMMUNICATIONS, SOCIAL MEDIA COMMUNICATIONS, NCPA.ORG, AND OTHER MEMBER PUBLICATIONS AND RESOURCES. TO EDUCATE THE MEDIA, KEY STAKEHOLDERS, AND THE PUBLIC, NCPA CONDUCTS TRADITIONAL MEDIA OUTREACH, FEATURING PRESS RELEASES, EDITORIALS, AND LETTERS TO THE EDITOR, AS WELL AS DIGITAL AND VIDEO CONTENT FOR GRASSROOTS AND CONSUMER-FOCUSED OUTREACH. MEMBERSHIP SERVICES: IN ADDITION TO THE BENEFITS OF ADVOCACY ON BEHALF OF THE INDEPENDENT COMMUNITY PHARMACY COMMUNITY AS A WHOLE, NCPA MEMBERS RECEIVE A NUMBER OF EXCLUSIVE BENEFITS. NCPA ASSISTS COMMUNITY PHARMACISTS IN THE BUSINESS MANAGEMENT OF THEIR PRACTICES OFFERING PHARMACISTS EDUCATIONAL PROGRAMS, BEST PRACTICE TOOLS, AND PHARMACY SOLUTION INITIATIVES. THESE INCLUDE COLLEAGUE-TO-COLLEAGUE NETWORKING AND DISCUSSION OPPORTUNITIES FOCUSED ON LATEST INDUSTRY HOT TOPICS; LEADS ON BUYING, SELLING OR FINANCING THE PURCHASE OF AN INDEPENDENT PHARMACY; AND PROGRAMS (SIMPLIFY MY MEDS, DIGITAL PHARMACIST, FRONT END OVERHAUL, ULTA LABS, DISPOSE MY MEDS ETC. THAT HELP GROW A COMMUNITY PHARMACY'S AND SATISFY THEIR PATIENTS' HEALTH RELATED NEEDS. 0 1 1 1 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 37 0 1 76 1 1 1 0 0 0 1 1 0 0 0 X 10 10 0 0 0 0 1 1 1 1 1 0 0 1 1 0 1 1 1 1 0 0 X STEPHEN ALBERT 7036838200 100 DAINGERFIELD ROAD ALEXANDRIA VA 223142885 MICHELE M BELCHER PRESIDENT 2.00 4.00 X X 33000 0 0 HUGH M CHANCY PRESIDENT-ELECT 2.00 4.00 X X 33000 0 0 JEFF CARSON CHAIRMAN 2.00 4.00 X X 12000 0 0 LEA M WOLSONCROFT TREASURER 2.00 0.00 X X 20500 0 0 JEFF S HARRELL BOARD MEMBER 2.00 0.00 X 20500 0 0 KRISTEN RIDDLE BOARD MEMBER 2.00 0.00 X 20500 0 0 CHRISTIAN TADRUS BOARD MEMBER 2.00 0.00 X 20500 0 0 JUSTIN WILSON BOARD MEMBER 2.00 0.00 X 20500 0 0 JOHNATHAN MARQUESS BOARD MEMBER 2.00 0.00 X 2000 0 0 BRIAN D CASWELL IMMEDIATE PAST PRESIDENT 2.00 0.00 X 18500 0 0 B DOUGLAS HOEY CEO 40.00 4.00 X 604354 0 33229 PATRICK BERRYMAN COO 40.00 2.00 X 273578 0 31097 STEPHEN ALBERT SR VP & CFO 40.00 4.50 X 224437 0 11211 MATT SIELER GENERAL COUNSEL 40.00 2.00 X 295000 0 14103 KURT PROCTOR - SR VP STRAT INIT. & PRES. INNOVATION CENTER 40.00 4.00 X 260893 0 25371 BEVERLY MARTIN SR VP AND CHIEF OF STAFF 40.00 2.00 X 232049 0 22744 RONNA HAUSER SR VP POLICY AND PHARMACY AFFAIRS 40.00 0.00 X 228400 0 28874 ANNE CASSITY SR VP OF GOVERNMENT AFFAIRS 40.00 0.00 X 227607 0 16829 JOHN MOZLOOM VP OF PUBLIC AFFAIRS 40.00 2.00 X 197973 0 27559 JOHN BECKNER SR. DIR. STRATEGIC INITIATIVES 40.00 0.00 X 191993 0 8141 NINA DADGAR VP BUSINESS DEVELOPMENT 40.00 0.00 X 172873 0 24443 3110157 0 243601 25 0 1 0 LOEWS KANSAS CITY CONVENTION 1515 WYANDOTTE STREET KANSAS CITY MO 64108 CONVENTION SERVICES 386525 OVATION 1033 DEMONBREUN ST SUITE 615 NASHVILLE TN 37203 CONVENTION SERVICES 365654 LEO EVENTS LLC 150 3RD AVE SOUTH NASHVILLE TN 37201 CONVENTION SERVICES 254670 CAPITOL COUNSEL 700 13TH STREET NW 2ND FLOOR WASHINGTON DC 20005 LEGAL SERVICES 195000 DARTMOUTH PRINTING COMPANY INC PO BOX 842371 BOSTON MA 02241 PRINTING SERVICES 188839 10 364000 2094129 2458129 CONVENTION & MEETINGS 900099 4026731 2190047 1836684 MEMBERSHIP DUES 900099 2963950 2963950 MANAGEMENT FEE 900099 1300000 1300000 COMMUNICATIONS 900099 972740 217500 755240 PROF & STUDENT AFFAIRS 900099 211535 211535 211202 211202 9686158 1542596 1542596 174690 174690 604878 0 604878 604878 189284 415594 31523871 32030780 -506909 -506909 -506909 OTHER INCOME 900099 227160 227160 227160 14186702 7094234 944524 3689815 20467 5750 2223252 4865991 205227 370222 447075 242251 44500 129562 774943 235525 454711 452956 998503 348189 1779398 176004 373610 127836 UBI TAX 84632 CREDIT CARD FEES 137673 ORGANIZATIONAL DUES 133671 SUBS & PUBS 99865 143586 14875399 529 288245 976314 2226371 388742 601401 773555 1010816 10315101 3930632 6693241 6384469 35747313 30467526 91100950 95171687 1549926 4531697 137230570 140682212 1301587 1406503 3238244 3070302 202238 1046980 4264678 5789049 8741483 X 131441521 131940729 131441521 131940729 137230570 140682212 X -688697 2119049 -152462 -778682 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 NCPA PAC 100 DAINGERFIELD ROAD ALEXANDRIA VA 22314 521495857 0 3640 0 0 1 2963950 1476425 2223759 3700184 2371160 1329021 0 1800000 1800000 6000000 2812500 3187500 1463782 450082 1013700 530084 330138 199946 521235 337912 183323 6384469 95151755 C REAL ESTATE INVESTMENTS 19932 F 95171687 DEFERRED COMPENSATION 1283282 DUE TO AFFILIATES 88335 OPERATING LEASE LIABILITY 2893061 4264678 X PART X, LINE 2: FOR THE YEARS ENDED JUNE 30, 2023 AND 2022, THE ASSOCIATION HAS DOCUMENTED ITS CONSIDERATION OF FASB ASC 740-10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES AND HAS DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. 1 INDEPENDENT PHARMACIST OF THE YEAR 1 1000 WILLARD B. SIMMONS AWARD 1 1000 NCPA CHAPTER OF THE YEAR AWARDS 4 3750 PART I, LINE 2: NCPA MAINTAINS POLICIES AND PROCEDURES THAT ARE ADHERED TO BY ITS GRANTS TEAM THAT ENSURE COMPLIANCE BY THE DIRECT GRANTS STAFF WITH OVERSIGHT FROM THEIR SUPERVISORS IN ADDITION TO THE ACCOUNTING AND FINANCE DEPARTMENT. X X X X 0 0 0 B DOUGLAS HOEY CEO 604354 0 0 0 0 0 15649 0 17580 0 637583 0 0 0 MATT SIELER GENERAL COUNSEL 295000 0 0 0 0 0 14103 0 0 0 309103 0 0 0 PATRICK BERRYMAN COO 273578 0 0 0 0 0 13517 0 17580 0 304675 0 0 0 KURT PROCTOR - SR VP STRAT INIT. & PRES. INNOVATION CENTER 260893 0 0 0 0 0 12662 0 12709 0 286264 0 0 0 RONNA HAUSER SR VP POLICY AND PHARMACY AFFAIRS 228400 0 0 0 0 0 11294 0 17580 0 257274 0 0 0 BEVERLY MARTIN SR VP AND CHIEF OF STAFF 232049 0 0 0 0 0 10035 0 12709 0 254793 0 0 0 ANNE CASSITY SR VP OF GOVERNMENT AFFAIRS 227607 0 0 0 0 0 10762 0 6067 0 244436 0 0 0 STEPHEN ALBERT SR VP & CFO 224437 0 0 0 0 0 11211 0 0 0 235648 0 0 0 JOHN MOZLOOM VP OF PUBLIC AFFAIRS 197973 0 0 0 0 0 9979 0 17580 0 225532 0 0 0 JOHN BECKNER SR. DIR. STRATEGIC INITIATIVES 191993 0 0 0 0 0 8141 0 0 0 200134 0 0 0 NINA DADGAR VP BUSINESS DEVELOPMENT 172873 0 0 0 0 0 11734 0 12709 0 197316 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERSHIP OF THIS ORGANIZATION SHALL CONSIST OF THE FOLLOWING MEMBERS: 1) ACTIVE MEMBERS - ANY LICENSED PHARMACIST ENGAGED IN THE ACTUAL OWNERSHIP OR MANAGEMENT OF AN INDEPENDENT COMMUNITY PHARMACY. ACTIVE MEMBERS ARE ENTITLED TO ALL PRIVILEGES, INCLUDING THE RIGHT TO VOTE AND HOLD OFFICE. 2) STUDENT MEMBERS - ANY STUDENT OF AN ACCREDITED COLLEGE OF PHARMACY, UPON WRITTEN APPLICATION TO THE ASSOCIATION, MAY BE ACCEPTED AS A STUDENT MEMBER, AND SHALL BE ENTITLED TO SUCH PRIVILEGES AS SHALL BE DETERMINED BY THE BOARD OF DIRECTORS. 3) PAST PRESIDENTS OF THE ASSOCIATION SHALL BE ENTITLED TO ALL THE PRIVILEGES OF ACTIVE MEMBERS EXCEPT THAT THEY SHALL NOT BE ELIGIBLE FOR NOMINATION OR ELECTION AS A MEMBER OF THE BOARD OF DIRECTORS. 4) NON-PHARMACIST OWNERS OF INDEPENDENT PHARMACIES HAVE THE RIGHT TO VOTE, BUT NOT HOLD OFFICE. 5) MEMBERSHIP CLASSES THAT EXIST BUT DO NOT POSSESS THE RIGHT TO VOTE OR HOLD OFFICE ARE ASSOCIATE MEMBERS, AFFILIATED STATE ASSOCIATION MEMBERS, INDEPENDENT PHARMACY ORGANIZATIONS, SUSTAINING MEMBERS, PHARMACY TECHNICIAN MEMBERS, CORPORATE MEMBERS AND HONORARY MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE HOUSE OF DELEGATES, WHO ARE ACTIVE MEMBERS OF THE ASSOCIATION, ELECT BY MAJORITY VOTE THE MEMBERS OF THE THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B A TWO-THIRDS MAJORITY VOTE OF THE ACCREDITED DELEGATES PRESENT AND VOTING IS REQUIRED FOR RATIFICATION OF PROPOSED AMENDMENTS TO THE BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE PREPARED BY AN ACCOUNTING FIRM AND REVIEWED BY MANAGEMENT. AN ELECTRONIC COPY OF THE FORM 990 WILL BE PROVIDED TO THE BOARD OF DIRECTORS FOR COMMENTS AND CLARIFICATION, IF ANY. THE FORM 990 WILL BE FILED WITH THE IRS SHORTLY THEREAFTER. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD OF DIRECTORS MEMBER IS REQUIRED TO EXECUTE A CONFLICT OF INTEREST NOTIFICATION AND FILING ANNUALLY. ALL ASSOCIATION CONTRACTS ARE REVIEWED BY THE CEO, COO, CFO, SVP-CHIEF OF STAFF AND GENERAL COUNSEL FOR POTENTIAL CONFLICTS PRIOR TO EXECUTION. WHEN ENCOUNTERING POTENTIAL CONFLICTS OF INTEREST, BOARD MEMBERS IDENTIFY THE POTENTIAL CONFLICT AND, AS REQUIRED, REMOVE THEMSELVES FROM ALL DISCUSSIONS AND VOTING ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION COMMITTEE (CONSISTING OF FIVE MEMBERS OF THE BOARD OF DIRECTORS) MEETS ANNUALLY EACH JANUARY TO REVIEW THE EMPLOYMENT AGREEMENT AND ANNUAL CALENDAR-YEAR COMPENSATION OF THE CEO BASED ON THE INFORMATION FROM COMPENSATION SURVEYS. THE LAST COMPENSATION REVIEW TOOK PLACE JANUARY 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART VI, SECTION A, LINE 1A: THE GOVERNING BODY, THE BOARD OF DIRECTORS (BOARD), IS COMPRISED OF NINE VOTING MEMBERS. THE BUDGET COMMITTEE CONSISTED OF SEVEN MEMBERS, FIVE OF WHOM WERE MEMBERS OF THE BOARD AND TWO OF WHOM WERE PAST PRESIDENTS. THE BUDGET COMMITTEE IS RESPONSIBLE FOR REVIEWING MANAGEMENT'S PROPOSED OPERATING BUDGET FOR THE UPCOMING FISCAL YEAR, AS WELL AS THE REVIEW OF FISCAL POLICIES AND PROCEDURES. THE BUDGET COMMITTEE REPORTS ITS FINDINGS AND RECOMMENDATIONS TO THE BOARD. THE AUDIT COMMITTEE, COMPRISED OF FIVE MEMBERS, THREE OF WHOM WERE MEMBERS OF THE BOARD AND TWO OF WHOM WERE PAST PRESIDENTS, IS RESPONSIBLE FOR THE SELECTION OF THE ASSOCIATION'S EXTERNAL AUDITORS, REVIEWING THE EXTERNAL AUDIT WITH THE AUDITORS AND MANAGEMENT, REVIEWING AND APPROVING THE RESULTS OF THE AUDIT AND REPORT THERETO (INCLUDING REQUIRED COMMUNICATIONS) WITH THE EXTERNAL AUDITORS, AND REPORTING THE RESULTS OF SUCH MEETINGS TO THE BOARD. THE COMPENSATION COMMITTEE (CONSISTING OF FIVE MEMBERS OF THE BOARD) MEETS ANNUALLY TO REVIEW THE EMPLOYMENT AGREEMENT AND COMPENSATION OF THE ASSOCIATION'S CEO. THE INVESTMENT REVIEW COMMITTEE CONSISTED OF SIX MEMBERS, FIVE OF WHOM WERE MEMBERS OF THE BOARD AND ONE OF WHOM WAS A PAST PRESIDENT, ALONG WITH THE CEO AND CFO. IT IS CHARGED WITH REVIEWING THE ASSOCIATION'S INVESTMENT PORTFOLIO IN CONJUNCTION WITH THE PROFESSIONAL INVESTMENT ADVISOR TO ENSURE IT IS IN COMPLIANCE WITH THE ASSOCIATION'S INVESTMENT POLICY AND TO MAKE ANY RECOMMENDATIONS OF CHANGES TO POLICY TO THE BOARD. FORM 990, PART XI, LINE 9: $(163,644) AND $1,848,759 REPRESENT INCOME REPORTED UNDER THE EQUITY METHOD FOR BOOK PURPOSES FOR THE YEAR ENDED JUNE 30, 2023. THERE WAS NO CASH DISTRIBUTION TO NCPA FROM ITS EQUITY INTEREST IN CPESN OR SURESCRIPTS. -2,012,403. GAIN ON TERMINATION OF SUBLEASE 1,233,721. NCPA ENTERPRISES LLC 100 DAINGERFIELD ROAD ALEXANDRIA VA 22314 832666287 ADMINISTRATIVE SERVICES VA 1649315 3700874 NCPA NCPA-PAC 100 DAINGERFIELD ROAD ALEXANDRIA VA 22314 521495857 POLITICAL VA 527 NCPA 1 NCPA INNOVATION CENTER 100 DAINGERFIELD ROAD ALEXANDRIA VA 22314 371841962 EDUCATION VA 501(C)(6) NCPA 1 NCPA INNOVATION CENTER SERVICES 100 DAINGERFIELD ROAD ALEXANDRIA VA 22314 811609354 EDUCATION VA 501(C)(3) LINE 7 NCPA 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 1 NCPA INNOVATION CENTER L 1300000 ACTUAL COST NCPA INNOVATION CENTER Q 248169 ACTUAL COST