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        <OtherCompensation>19438</OtherCompensation>
      </Form990PartVIISectionA>
      <TotalReportableCompFromOrg>1369346</TotalReportableCompFromOrg>
      <TotalReportableCompFrmRltdOrgs>0</TotalReportableCompFrmRltdOrgs>
      <TotalOtherCompensation>177958</TotalOtherCompensation>
      <NumberIndividualsGT100K>10</NumberIndividualsGT100K>
      <FormersListed>0</FormersListed>
      <TotalCompGT150K>1</TotalCompGT150K>
      <CompensationFromOtherSources>0</CompensationFromOtherSources>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>NCS PEARSON INC</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>5601 GREEN VALLEY DRIVE</AddressLine1>
            <City>BLOOMINGTON</City>
            <State>MN</State>
            <ZIPCode>55437</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>TESTING ADMIN FEES</DescriptionOfServices>
        <Compensation>3641092</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>BARNES &amp; THORNBURG LLP</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>1 N WACKER DR STE 4400</AddressLine1>
            <City>CHICAGO</City>
            <State>IL</State>
            <ZIPCode>60606</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>LEGAL</DescriptionOfServices>
        <Compensation>219853</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NamePerson>LARRY KLEIN</NamePerson>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>1532 EAST NIGHTHAWK WAY</AddressLine1>
            <City>PHOENIX</City>
            <State>AZ</State>
            <ZIPCode>85048</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>CONSULTING</DescriptionOfServices>
        <Compensation>188612</Compensation>
      </ContractorCompensation>
      <NumberOfContractorsGT100K>3</NumberOfContractorsGT100K>
      <ProgramServiceRevenue>
        <Description>EXAMS &amp; ASSESSMENTS</Description>
        <BusinessCode>900099</BusinessCode>
        <TotalRevenueColumn>13680509</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>13680509</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>ACCREDITATIONS</Description>
        <BusinessCode>900099</BusinessCode>
        <TotalRevenueColumn>6499639</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>6499639</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>LICENSURE TRANSFERS</Description>
        <BusinessCode>900099</BusinessCode>
        <TotalRevenueColumn>2805150</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>2805150</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>MEETINGS &amp; EDUCATION</Description>
        <BusinessCode>900099</BusinessCode>
        <TotalRevenueColumn>186177</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>186177</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>SURVEY SPONSORS</Description>
        <BusinessCode>900099</BusinessCode>
        <TotalRevenueColumn>74330</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>74330</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <TotalOthProgramServiceRevenue>
        <TotalRevenueColumn>16250</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>16250</RelatedOrExemptFunctionIncome>
      </TotalOthProgramServiceRevenue>
      <TotalProgramServiceRevenue>23262055</TotalProgramServiceRevenue>
      <InvestmentIncome>
        <TotalRevenueColumn>758190</TotalRevenueColumn>
        <ExclusionAmount>758190</ExclusionAmount>
      </InvestmentIncome>
      <GrossAmountSalesAssets>
        <Securities>12562807</Securities>
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      <LessCostOthBasisSalesExpenses>
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      <GainOrLoss>
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      <NetGainOrLossInvestments>
        <TotalRevenueColumn>1469945</TotalRevenueColumn>
        <ExclusionAmount>1469945</ExclusionAmount>
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      <OtherRevenueMisc>
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        <TotalRevenueColumn>74018</TotalRevenueColumn>
        <ExclusionAmount>74018</ExclusionAmount>
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      <OtherRevenueMisc>
        <Description>APPLICATION FEES</Description>
        <BusinessCode>900099</BusinessCode>
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        <ExclusionAmount>5000</ExclusionAmount>
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      <OtherRevenueMisc>
        <Description>NEWSLETTER</Description>
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      <MiscellaneousRevenue>
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        <ExclusionAmount>1856</ExclusionAmount>
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      <TotalRevenue>
        <TotalRevenueColumn>25572604</TotalRevenueColumn>
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        <UnrelatedBusinessRevenue>0</UnrelatedBusinessRevenue>
        <ExclusionAmount>2310549</ExclusionAmount>
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      <GrantsToDomesticOrgs>
        <Total>415689</Total>
        <ProgramServices>415689</ProgramServices>
      </GrantsToDomesticOrgs>
      <GrantsToDomesticIndividuals>
        <Total>3000</Total>
        <ProgramServices>3000</ProgramServices>
      </GrantsToDomesticIndividuals>
      <CompCurrentOfficersDirectors>
        <Total>591044</Total>
        <ManagementAndGeneral>591044</ManagementAndGeneral>
      </CompCurrentOfficersDirectors>
      <OtherSalariesAndWages>
        <Total>5735875</Total>
        <ProgramServices>3339264</ProgramServices>
        <ManagementAndGeneral>2396611</ManagementAndGeneral>
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      <PensionPlanContributions>
        <Total>564717</Total>
        <ProgramServices>319388</ProgramServices>
        <ManagementAndGeneral>245329</ManagementAndGeneral>
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      <OtherEmployeeBenefits>
        <Total>934197</Total>
        <ManagementAndGeneral>934197</ManagementAndGeneral>
      </OtherEmployeeBenefits>
      <PayrollTaxes>
        <Total>468875</Total>
        <ProgramServices>260837</ProgramServices>
        <ManagementAndGeneral>208038</ManagementAndGeneral>
      </PayrollTaxes>
      <FeesForServicesLegal>
        <Total>464965</Total>
        <ProgramServices>72847</ProgramServices>
        <ManagementAndGeneral>392118</ManagementAndGeneral>
      </FeesForServicesLegal>
      <FeesForServicesAccounting>
        <Total>17000</Total>
        <ManagementAndGeneral>17000</ManagementAndGeneral>
      </FeesForServicesAccounting>
      <FeesForServicesInvstMgmntFees>
        <Total>117674</Total>
        <ManagementAndGeneral>117674</ManagementAndGeneral>
      </FeesForServicesInvstMgmntFees>
      <FeesForServicesOther>
        <Total>4543169</Total>
        <ProgramServices>3899766</ProgramServices>
        <ManagementAndGeneral>643403</ManagementAndGeneral>
      </FeesForServicesOther>
      <Advertising>
        <Total>7865</Total>
        <ProgramServices>7865</ProgramServices>
      </Advertising>
      <OfficeExpenses>
        <Total>950190</Total>
        <ProgramServices>98436</ProgramServices>
        <ManagementAndGeneral>851754</ManagementAndGeneral>
      </OfficeExpenses>
      <InformationTechnology>
        <Total>297681</Total>
        <ProgramServices>9128</ProgramServices>
        <ManagementAndGeneral>288553</ManagementAndGeneral>
      </InformationTechnology>
      <Occupancy>
        <Total>185155</Total>
        <ProgramServices>7342</ProgramServices>
        <ManagementAndGeneral>177813</ManagementAndGeneral>
      </Occupancy>
      <Travel>
        <Total>590048</Total>
        <ProgramServices>535797</ProgramServices>
        <ManagementAndGeneral>54251</ManagementAndGeneral>
      </Travel>
      <ConferencesMeetings>
        <Total>650360</Total>
        <ProgramServices>423130</ProgramServices>
        <ManagementAndGeneral>227230</ManagementAndGeneral>
      </ConferencesMeetings>
      <Interest>
        <Total>1373</Total>
        <ManagementAndGeneral>1373</ManagementAndGeneral>
      </Interest>
      <DepreciationDepletion>
        <Total>701929</Total>
        <ManagementAndGeneral>701929</ManagementAndGeneral>
      </DepreciationDepletion>
      <Insurance>
        <Total>82059</Total>
        <ManagementAndGeneral>82059</ManagementAndGeneral>
      </Insurance>
      <OtherExpenses>
        <Description>ACCREDITATION COSTS</Description>
        <Total>907079</Total>
        <ProgramServices>907079</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>EXAM &amp; ASSESSMENT COSTS</Description>
        <Total>83519</Total>
        <ProgramServices>83519</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>FEES AND MEMBERSHIPS</Description>
        <Total>32073</Total>
        <ProgramServices>6415</ProgramServices>
        <ManagementAndGeneral>25658</ManagementAndGeneral>
      </OtherExpenses>
      <OtherExpenses>
        <Description>LICENSURE TRANSFER COST</Description>
        <Total>12008</Total>
        <ProgramServices>12008</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>GOVERNMENT AFFAIRS COST</Description>
        <Total>6002</Total>
        <ProgramServices>6002</ProgramServices>
      </OtherExpenses>
      <AllOtherExpenses>
        <Total>2646</Total>
        <ProgramServices>2646</ProgramServices>
      </AllOtherExpenses>
      <TotalFunctionalExpenses>
        <Total>18366192</Total>
        <ProgramServices>10410158</ProgramServices>
        <ManagementAndGeneral>7956034</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
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      <CashNonInterestBearing>
        <BOY>349762</BOY>
        <EOY>1464285</EOY>
      </CashNonInterestBearing>
      <SavingsAndTempCashInvestments>
        <BOY>15900386</BOY>
        <EOY>20837282</EOY>
      </SavingsAndTempCashInvestments>
      <AccountsReceivable>
        <BOY>312368</BOY>
        <EOY>637380</EOY>
      </AccountsReceivable>
      <PrepaidExpensesDeferredCharges>
        <BOY>270121</BOY>
        <EOY>320337</EOY>
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      <LandBuildingsEquipmentBasis>13850979</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>5166551</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
        <BOY>8207435</BOY>
        <EOY>8684428</EOY>
      </LandBuildingsEquipmentBasisNet>
      <InvestmentsPubTradedSecurities>
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        <EOY>19251887</EOY>
      </InvestmentsPubTradedSecurities>
      <InvestmentsOtherSecurities>
        <EOY>3980245</EOY>
      </InvestmentsOtherSecurities>
      <OtherAssetsTotal>
        <BOY>4793852</BOY>
        <EOY>4936952</EOY>
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      <TotalAssets>
        <BOY>50940445</BOY>
        <EOY>60112796</EOY>
      </TotalAssets>
      <AccountsPayableAccruedExpenses>
        <BOY>1489794</BOY>
        <EOY>1990311</EOY>
      </AccountsPayableAccruedExpenses>
      <DeferredRevenue>
        <BOY>3246425</BOY>
        <EOY>3685005</EOY>
      </DeferredRevenue>
      <OtherLiabilities>
        <BOY>697500</BOY>
        <EOY>775750</EOY>
      </OtherLiabilities>
      <TotalLiabilities>
        <BOY>5433719</BOY>
        <EOY>6451066</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>45506726</BOY>
        <EOY>53661730</EOY>
      </UnrestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>45506726</BOY>
        <EOY>53661730</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>50940445</BOY>
        <EOY>60112796</EOY>
      </TotalLiabNetAssetsFundBalances>
      <InfoInScheduleOPartXI>X</InfoInScheduleOPartXI>
      <ReconcilationRevenueExpenses>7206412</ReconcilationRevenueExpenses>
      <ReconcilationOtherChanges>948592</ReconcilationOtherChanges>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>0</AccountantCompileOrReview>
      <FSAudited>1</FSAudited>
      <AuditCommittee>1</AuditCommittee>
      <FinancialStatementConsolidated>X</FinancialStatementConsolidated>
      <FederalGrantAuditRequired>0</FederalGrantAuditRequired>
    </IRS990>
    <IRS990ScheduleA documentId="RetDoc1039100001">
      <PubliclySupportedOrg509a2>X</PubliclySupportedOrg509a2>
      <GiftsGrantsContribReceived509>
        <CurrentTaxYearMinus4Years>16750</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>16250</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>16250</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>16500</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>16250</CurrentTaxYear>
        <Total>82000</Total>
      </GiftsGrantsContribReceived509>
      <GrossReceiptsFromAdmissions>
        <CurrentTaxYearMinus4Years>15560281</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>17112901</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>19799246</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>25021886</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>23254201</CurrentTaxYear>
        <Total>100748515</Total>
      </GrossReceiptsFromAdmissions>
      <Total509>
        <CurrentTaxYearMinus4Years>15577031</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>17129151</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>19815496</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>25038386</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>23270451</CurrentTaxYear>
        <Total>100830515</Total>
      </Total509>
      <AmtsRecdFromDisqualPersons>
        <Total>0</Total>
      </AmtsRecdFromDisqualPersons>
      <AmtsFromSubstContributors>
        <Total>0</Total>
      </AmtsFromSubstContributors>
      <SupportFromDQPsEtc>
        <Total>0</Total>
      </SupportFromDQPsEtc>
      <PublicSupportTotal509>100830515</PublicSupportTotal509>
      <GrossInvestmentIncome509>
        <CurrentTaxYearMinus4Years>1360810</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>1311028</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>1449675</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>817557</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>758190</CurrentTaxYear>
        <Total>5697260</Total>
      </GrossInvestmentIncome509>
      <InvestmentIncomeAndUBTI>
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        <CurrentTaxYearMinus3Years>1311028</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>1449675</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>817557</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>758190</CurrentTaxYear>
        <Total>5697260</Total>
      </InvestmentIncomeAndUBTI>
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        <CurrentTaxYearMinus3Years>18440179</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>21265171</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>25855943</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>24028641</CurrentTaxYear>
        <Total>106527775</Total>
      </TotalSupportTotal>
      <PublicSupportPercentage509>0.94650</PublicSupportPercentage509>
      <PriorYearSupportPercentage>0.93520</PriorYearSupportPercentage>
      <InvestmentIncomePercentage>0.05350</InvestmentIncomePercentage>
      <PriorYrInvestIncomePercentage>0.06480</PriorYrInvestIncomePercentage>
      <ThirtyThreePercntTestsCY509>X</ThirtyThreePercntTestsCY509>
    </IRS990ScheduleA>
    <IRS990ScheduleD documentId="RetDoc1040000001">
      <Land>
        <OtherCostOrOtherBasis>2237244</OtherCostOrOtherBasis>
        <BookValue>2237244</BookValue>
      </Land>
      <Buildings>
        <OtherCostOrOtherBasis>4799590</OtherCostOrOtherBasis>
        <Depreciation>797783</Depreciation>
        <BookValue>4001807</BookValue>
      </Buildings>
      <Equipment>
        <OtherCostOrOtherBasis>6814145</OtherCostOrOtherBasis>
        <Depreciation>4368768</Depreciation>
        <BookValue>2445377</BookValue>
      </Equipment>
      <TotalOfBookValueLandBuildings>8684428</TotalOfBookValueLandBuildings>
      <OtherSecurities>
        <Description>PIMCO TOTAL RETURN A</Description>
        <BookValue>3980245</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <TotalOfBookValueSecurities>3980245</TotalOfBookValueSecurities>
      <OtherAssets>
        <Description>DISTRIBUTION RECEIVABLE FROM PTCB</Description>
        <BookValue>610000</BookValue>
      </OtherAssets>
      <OtherAssets>
        <Description>DUE FROM NABP FOUNDATION</Description>
        <BookValue>102700</BookValue>
      </OtherAssets>
      <OtherAssets>
        <Description>INVESTMENT IN PTCB</Description>
        <BookValue>4224252</BookValue>
      </OtherAssets>
      <TotalBookValueOtherAssets>4936952</TotalBookValueOtherAssets>
      <OtherLiabilities>
        <Description>DEFERRED COMPENSATION</Description>
        <Amount>775750</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>775750</TotalOfAmounts>
      <TotalRevenue>25572604</TotalRevenue>
      <TotalExpenses>18366192</TotalExpenses>
      <ExcessOrDeficitForYear>7206412</ExcessOrDeficitForYear>
      <NetUnrealizedGLOnInvestments>121156</NetUnrealizedGLOnInvestments>
      <OtherAmount>827436</OtherAmount>
      <TotalAdjustments>948592</TotalAdjustments>
      <ExcessOrDeficitPerFS>8155004</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>26928573</TotRevenueEtcAuditedFinclStmt>
      <NetUnrealizedGainsInvestments>121156</NetUnrealizedGainsInvestments>
      <OtherRevenues>1308831</OtherRevenues>
      <RevenueNotRptdF990>1429987</RevenueNotRptdF990>
      <RevenueSubtotal>25498586</RevenueSubtotal>
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      <RevenueNotRptdOnFinStmt>74018</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>25572604</TotalRevenuePerForm990>
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      <ExpensesNotRptdF990>158820</ExpensesNotRptdF990>
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      <ExpensesNotRptdOnFinStmt>0</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>18366192</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIV>
        <Identifier>DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:</Identifier>
        <ReturnReference>PART X:</ReturnReference>
        <Explanation>THE ASSOCIATION HAS BEEN DETERMINED TO BE EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE ORGANIZATION IS NOT PRIVATE FOUNDATIONS WITHIN THE MEANING OF SECTION 509(A) OF THE INTERNAL REVENUE CODE. THE ASSOCIATION FILES FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX. THE ASSOCIATION'S RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE UNTIL THE APPLICABLE STATUTE OF LIMITATIONS EXPIRES.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>PART XI, LINE 8 - OTHER ADJUSTMENTS:</Identifier>
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      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>PART XII, LINE 2D - OTHER ADJUSTMENTS:</Identifier>
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      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>PART XII, LINE 4B - OTHER ADJUSTMENTS:</Identifier>
        <Explanation>REIMBURSEMENT FROM FOUNDATION 74,018.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>PART XIII, LINE 2D - OTHER ADJUSTMENTS:</Identifier>
        <Explanation>ELIMINATIONS FROM FINANCIAL STATEMENT CONSOLIDATION -417,394. NABP FOUNDATION EXPENSES AND LOSSES 650,232. REIMBURSEMENT FROM FOUNDATION -74,018.</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
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      <RecordsMaintained>1</RecordsMaintained>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>NATIONAL ASSOCIATION OF BOARDS OF PHARMACY FOUNDATION</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>1600 FEEHANVILLE</AddressLine1>
          <City>MT PROSPECT</City>
          <State>IL</State>
          <ZIPCode>60056</ZIPCode>
        </AddressUS>
        <EINOfRecipient>362677921</EINOfRecipient>
        <IRCSection>501(C)(3)</IRCSection>
        <AmountOfCashGrant>410161</AmountOfCashGrant>
        <MethodOfValuation>N/A</MethodOfValuation>
        <DescriptionOfNonCashAssistance>N/A</DescriptionOfNonCashAssistance>
        <PurposeOfGrant>TO FURTHER FOUNDATION'S MISSION OF EDUCATION AND VOLUNTARY COMPLIANCE WITH PHARMACY AND DRUG LAWS.</PurposeOfGrant>
      </RecipientTable>
      <TotalNbrOf501C3AndGovtGrants>1</TotalNbrOf501C3AndGovtGrants>
      <TotalNbrOfOtherOrganizations>0</TotalNbrOfOtherOrganizations>
      <Form990ScheduleIPartIV>
        <Identifier>PROCEDURE FOR MONITORING GRANTS IN THE U.S.:</Identifier>
        <ReturnReference>PART I, LINE 2:</ReturnReference>
        <Explanation>SCHEDULE I, PART I, LINE 2: NABP MONITORS THE GRANT BY REVIEWING FINANCIAL INFORMATION AND PROGRAM REPORTS PROVIDED BY THE FOUNDATION. NASP MAINTAINS SUFFICIENTS RECORDS OF THE FOUNDATION TO SUBSTANTIATE THE GRANT.</Explanation>
      </Form990ScheduleIPartIV>
    </IRS990ScheduleI>
    <IRS990ScheduleJ documentId="RetDoc1042400001">
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      <WrittenEmploymentContract>X</WrittenEmploymentContract>
      <CompensationSurvey>X</CompensationSurvey>
      <BoardOrCommitteeApproval>X</BoardOrCommitteeApproval>
      <SeverancePayment>0</SeverancePayment>
      <SupplementalNonqualRetirePlan>0</SupplementalNonqualRetirePlan>
      <EquityBasedCompArrangement>0</EquityBasedCompArrangement>
      <CompBasedOnRevenueOfFilingOrg>0</CompBasedOnRevenueOfFilingOrg>
      <CompBasedOnRevenueRelatedOrgs>0</CompBasedOnRevenueRelatedOrgs>
      <CompBasedNetEarningsFilingOrg>0</CompBasedNetEarningsFilingOrg>
      <CompBasedNetEarningsRelateOrgs>0</CompBasedNetEarningsRelateOrgs>
      <AnyNonFixedPayments>0</AnyNonFixedPayments>
      <InitialContractException>0</InitialContractException>
      <Form990ScheduleJPartII>
        <NamePerson>CARMEN CATIZONE</NamePerson>
        <BaseCompensationFilingOrg>491496</BaseCompensationFilingOrg>
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        <NamePerson>PAUL JONES</NamePerson>
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      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NamePerson>CARMEN CATIZONE</NamePerson>
        </NameOfInterestedPerson>
        <Relationship>CARMEN CATIZONE IS A GOVERNOR OF PTCB AND THE EXECUTIVE DIRECTOR OF NABP.</Relationship>
        <AmountOfTransaction>714459</AmountOfTransaction>
        <DescriptionOfTransaction>NAPB HAS A NONCONTROLLING INVESTMENT INTEREST IN PTCB (A TAX EXEMPT ORGANIZATION UNDER SECTION 501(C)(6)), FROM WHICH NABP RECEIVES DISTRIBUTIONS FROM PTCB'S NET EARNINGS. NABP RECORDS ITS INVESTMENT AT CARRYING VALUE, SUBJECT TO INVESTMENT INCREASES OR DECREASES BASED ON THE NET EARNINGS OR LOSSES OF PTCB.</DescriptionOfTransaction>
        <SharingOfRevenues>0</SharingOfRevenues>
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    </IRS990ScheduleL>
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      <GeneralExplanation>
        <Identifier>FORM 990, PART VI, SECTION A, LINE 6</Identifier>
        <Explanation>NABP MEMBERSHIP IS COMPOSED OF BOTH ACTIVE MEMBERS AND ASSOCIATE MEMBERS. THE 54 ACTIVE MEMBERS INCLUDE THE 50 UNITED STATES STATE BOARDS OF PHARMACY AND THE BOARDS IN THE FOUR JURISDICTIONS OF DISTRICT OF COLUMBIA, GUAM, PUERTO RICO, AND THE VIRGIN ISLANDS. ASSOCIATE MEMBERS INCLUDE EIGHT CANADIAN PROVINCES, TWO AUSTRALIAN TERRITORIES, AND NEW ZEALAND.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>FORM 990, PART VI, SECTION A, LINE 7A</Identifier>
        <Explanation>MEMBERS OF THE GOVERNING BODY ARE ELECTED BY THE ACTIVE MEMBERS OF THE ASSOCIATION AT AN ANNUAL MEETING.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>FORM 990, PART VI, SECTION B, LINE 11</Identifier>
        <Explanation>THE ORGANIZATION PROVIDES COPIES OF THE INFORMATION RETURN TO ITS TREASURER FOR HIS/HER REVIEW. IN ADDITION, THE BOARD MEMBERS ARE NOTIFIED THAT THE INFORMATION RETURNS ARE AVAILABLE FOR THEIR REVIEW IF THEY DESIRE.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 12C</ReturnReference>
        <Explanation>THE CONFLICT OF INTEREST POLICY IS PRINTED AND INCLUDED WITH ALL MEETING MATERIALS. AT THE START OF A MEETING, THE CHAIRPERSON BRINGS THE POLICY TO THE ATTENTION OF THE COMMITTEE MEMBERS FOR ASSURANCE THAT THE POLICY IS BEING FOLLOWED.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 15</ReturnReference>
        <Explanation>CONSULTANTS ARE PERIODICALLY HIRED TO COMPLETE A FULL COMPENSATION ANALYSIS. IN YEARS WHERE A COMPENSATION STUDY IS NOT PREPARED, COMPARABLES ARE OBTAINED THROUGH ASSOCIATION SOURCES TO ENSURE THAT COMPENSATION LEVELS ARE WITHIN THE REGIONAL NORMS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>NABP'S CONSTITUION AND BYLAWS ARE AVAILABLE ON ITS WEBSITE. THE CONFLICT OF INTEREST POLICY IS GENERALLY NOT AVAILABLE TO THE PUBLIC. FINANCIAL STATEMENTS ARE MADE AVAILABLE TO NABP MEMBER BOARDS UPON REQUEST. THE FORM 990 IS MADE AVAILABLE TO THE PUBLIC UPON REQUEST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>CHANGES IN NET ASSETS OR FUND BALANCES:</Identifier>
        <ReturnReference>FORM 990, PART XI, LINE 5:</ReturnReference>
        <Explanation>NET UNREALIZED GAINS ON INVESTMENTS: 121,156. INVESTMENT GAIN ON PTCB - NET 827,436. TOTAL TO FORM 990, PART XI, LINE 5: 948,592.</Explanation>
      </GeneralExplanation>
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          <BusinessNameLine1>NATIONAL ASSOCIATION OF BOARDS OF PHARMACY FOUNDATION</BusinessNameLine1>
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          <AddressLine1>1600 FEEHANVILLE</AddressLine1>
          <City>MT PROSPECT</City>
          <State>IL</State>
          <ZIPCode>60056</ZIPCode>
        </AddressUS>
        <EIN>362677921</EIN>
        <PrimaryActivities>CONTINUING EDUCATION AND VOLUNTARY COMPLIANCE WITH PHARMACY AND DRUG LAWS.</PrimaryActivities>
        <LegalDomicileState>IL</LegalDomicileState>
        <ExemptCodeSection>501(C)(3)</ExemptCodeSection>
        <PublicCharityStatus>509(A)(2)</PublicCharityStatus>
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          <BusinessNameLine1>NATIONAL ASSOCIATION OF BOARDS OF PHARMACY</BusinessNameLine1>
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