2023-05-15T17:54:12-05:00 2022-06-30 420714325 RSM US LLP 1861 INTERNATIONAL DRIVE SUITE 400 MCLEAN VA 22102 990 2021-07-01 361520710 NATIONAL COMMUNITY PHARMACISTS ASSOCIATION NATI 7036838200 100 DAINGERFIELD RD ALEXANDRIA VA 223142885 B DOUGLAS HOEY CEO 7036838200 2023-05-12 1 B DOUGLAS HOEY XXX-XX-XXXX FREDERICK LONGWOOD P00439715 7033366400 2023-05-12 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z B DOUGLAS HOEY 100 DAINGERFIELD RD ALEXANDRIA VA 223142885 31544373 0 X WWW.NCPA.ORG X 1898 VA DEDICATED TO THE CONTINUING GROWTH AND PROSPERITY OF INDEPENDENT COMMUNITY PHARMACY IN THE UNITED STATES. 9 9 72 120 683548 178384 2720047 3580791 4775050 10921591 3060683 3343243 1808929 1749452 12364709 19595077 127845 65014 0 0 7987680 7987681 0 0 0 4733343 9153093 12848868 17205788 -484159 2389289 135266748 137230570 7648150 5789049 127618598 131441521 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 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 50 0 1 72 1 1 1 0 0 0 1 1 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 0 1 1 1 1 0 0 X X STEPHEN ALBERT 7036838200 100 DAINGERFIELD RD ALEXANDRIA VA 223142885 BRIAN D CASWELL PRESIDENT 2.00 0.00 X X 42500 0 0 MICHELE M BELCHER PRESIDENT-ELECT 2.00 4.00 X X 30000 0 0 HUGH M CHANCY CHAIRMAN 2.00 4.00 X X 17500 0 0 JEFF CARSON TREASURER 2.00 4.00 X X 17500 0 0 LEA M WOLSONCROFT BOARD MEMBER 2.00 0.00 X 17500 0 0 JEFF S HARRELL BOARD MEMBER 2.00 0.00 X 17500 0 0 KRISTEN RIDDLE BOARD MEMBER 2.00 0.00 X 17500 0 0 CHRISTIAN TADRUS BOARD MEMBER 2.00 0.00 X 17500 0 0 BILL E OSBORN IMMEDIATE PAST PRESIDENT 2.00 0.00 X 17500 0 0 DOUGLAS HOEY CEO 40.00 4.00 X 574445 0 36426 PATRICK BERRYMAN COO 40.00 0.00 X 286018 0 34248 BEVERLY MARTIN SR. VP CHIEF OF STAFF 38.00 2.00 X 194230 10222 21841 STEPHEN ALBERT CFO 40.00 2.00 X 200853 0 10211 KURT PROCTOR SR. STRATEGIC INITITIVES 16.00 26.00 X 95921 143881 26792 KARRY LAVIOLETTE VP GOVERNMENT AFFAIRS 40.00 0.00 X 227910 0 12991 JOHN MOZLOOM VP OF PUBLIC RELATIONS 40.00 0.00 X 173841 0 28256 MATT SEILER VP & GENERAL COUNSEL 38.00 2.00 X 158304 8332 0 RONNA HAUSER SR. VP PHARMACY AFFAIRS 40.00 0.00 X 214856 0 34189 JOHN BECKNER SR. DIRECTOR OR STRATEGIC INIT 23.00 17.00 X 107062 79133 11362 ANNE CASSITY VP OF FEDERAL & STATE AFFAIRS 40.00 0.00 X 157939 0 14296 NINA DADGAR VP OF BUSINESS DEVELOPMENT 38.00 2.00 X 148895 7837 27425 GABRIEL TRAHAN SR. DIRECTOR OF STORE OPS (THRU 4/22) 8.00 32.00 X 30718 122872 23894 2765992 372277 281931 26 0 1 0 THE HERALD GROUP LLC 1800 M STREET STE 450 SOUTH WASHINGTON DC 20036 ADVERTISING SERVICES 3871500 OVATION 1033 DEMONBREUN ST SUITE 615 NASHVILLE TN 37203 CONVENTION SERVICES 366455 CHARLOTTE CONVENTION CENTER 501 SOUTH COLLEGE STREET CHARLOTTE NC 28202 CONVENTION SERVICES 305470 ROPES & GRAY LLP 2099 PENNSYLVANIA AVE NW WASHINGTON DC 20006 LEGAL SERVICES 288665 THE WESTIN CHARLOTTE 601 SOUTH COLLEGE STREET CHARLOTTE NC 28202 CONVENTION SERVICES 224420 10 1200000 2380791 3580791 COMMUNICATIONS 541800 4190151 3600750 589401 CONVENTION & MEETING 541900 3280036 1688641 1591395 MEMBERSHIP DUES 541900 3066079 3066079 PROF & STUDENT AFFAIRS 541900 238750 238750 LONG TERM CARE 541900 146575 146575 10921591 1440023 1440023 297046 297046 94147 0 94147 94147 94147 13852516 11908183 41113 1944333 -41113 1903220 1903220 MANAGEMENT FEE 900099 1300000 1300000 OTHER INCOME 900099 58259 58259 1358259 19595077 10040795 683548 5289943 54054 10960 2455530 4612943 176465 302097 440646 379581 33292 146433 749999 3800805 589760 326608 383879 267272 1607526 16572 387323 113801 UBI TAX 66670 ORGANIZATIONAL DUES 123718 SUBSCRIPTIONS 104063 OUTSOURCED PERSONNEL 15678 40113 17205788 230 529 2973261 976314 755738 388742 620775 773555 10250263 3557022 7043388 6693241 40490593 35747313 81316841 91100950 2065922 1549926 135266748 137230570 2625830 1301587 3132436 3238244 594046 202238 1295838 1046980 7648150 5789049 X 127618598 131441521 127618598 131441521 135266748 137230570 X 2389289 -8409842 3 9843473 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 NCPA PAC 100 DAINGERFIELD ROAD ALEXANDRIA VA 22314 521495857 0 3890 0 0 1 3066079 3313513 749893 4063406 1839647 2223759 0 PART I-A, LINE 1: THE ORGANIZATION MADE A CONTRIBUTION TO A POLITICAL CAMPAIGN 1800000 1800000 6000000 2662500 3337500 1463782 310214 1153568 503486 280445 223041 482995 303863 179132 6693241 90463499 C CERTIFICATES OF DEPOSIT 637451 F 91100950 DEFERRED COMPENSATION 1046796 INTEREST RATE SWAP 184 1046980 1 INDEPENDENT PHARMACIST OF THE YEAR 1 1000 NCPA CHAPTER OF THE YEAR AWARDS 4 3750 SCHOLARSHIP INDEPENDENT PHARMACY 2 1000 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 DOUGLAS HOEY CEO 574157 0 0 0 288 0 14500 0 21926 0 610871 0 0 0 PATRICK BERRYMAN COO 285502 0 0 0 516 0 14172 0 20716 0 320906 0 0 0 KURT PROCTOR SR. STRATEGIC INITITIVES 95591 143386 0 0 330 495 4970 7454 5747 8621 106638 159956 0 0 RONNA HAUSER SR. VP PHARMACY AFFAIRS 214669 0 0 0 187 0 10486 0 23703 0 249045 0 0 0 KARRY LAVIOLETTE VP GOVERNMENT AFFAIRS 227723 0 0 0 187 0 6754 0 6409 0 241073 0 0 0 BEVERLY MARTIN SR. VP CHIEF OF STAFF 192722 10143 0 0 1508 79 8349 439 12400 653 214979 11314 0 0 STEPHEN ALBERT CFO 200337 0 0 0 516 0 10211 0 5000 0 216064 0 0 0 JOHN MOZLOOM VP OF PUBLIC RELATIONS 173325 0 0 0 516 0 9080 0 19176 0 202097 0 0 0 JOHN BECKNER SR. DIRECTOR OR STRATEGIC INIT 106186 78485 0 0 876 648 5096 3766 1437 1062 113595 83961 0 0 NINA DADGAR VP OF BUSINESS DEVELOPMENT 148631 7823 0 0 264 14 7837 412 22290 1173 179022 9422 0 0 GABRIEL TRAHAN SR. DIRECTOR OF STORE OPS (THRU 4/22 30441 121765 0 0 277 1107 1538 6154 3240 12961 35496 141987 0 0 MATT SEILER VP & GENERAL COUNSEL 158197 8326 0 0 107 6 0 0 9500 500 167804 8832 0 0 ANNE CASSITY VP OF FEDERAL & STATE AFFAIRS 157759 0 0 0 180 0 8058 0 6238 0 172235 0 0 0 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 EIGHT MEMBERS, FIVE OF WHOM WERE MEMBERS OF THE BOARD AND THREE 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 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 DRAFT FORM 990 WILL BE PROVIDED TO THE BOARD OF DIRECTORS FOR COMMENTS AND CLARIFICATION, IF ANY. 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. 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. 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 XI, LINE 9: $115,427 AND $9,728,046 REPRESENT INCOME REPORTED UNDER THE EQUITY METHOD FOR BOOK PURPOSES FOR YEAR ENDED 6/30/2022. THERE WAS NO CASH DISTRIBUTION TO NCPA FROM ITS EQUITY INTEREST IN CPESN, OR SURESCRIPTS OTHER CHANGES IN NET ASSETS - 990 9,843,473. FORM 990, PART XII, LINE 2C: THE AUDIT OVERSIGHT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 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