National Association Of Chain Drug Stores Inc
- Assets
- $97.5m
- Revenue
- $40.5m
- Investments
- $0.0
- Employees
- 58
- Location
- Arlington, VA
- Founding
- 03/1997
- Data as of
- 12/2022
- EIN
- 13-5582579
Organization Overview
National Association Of Chain Drug Stores Inc is located in Arlington, VA. The organization was established in 1997. According to its NTEE Classification (F03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2022, National Association Of Chain Drug Stores Inc employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Association Of Chain Drug Stores Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, National Association Of Chain Drug Stores Inc generated $40.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $34.8m during the year ending 12/2022. While expenses have increased by 0.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, National Association Of Chain Drug Stores Inc has awarded 22 individual grants totaling $276,141. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE INTERESTS AND OBJECTIVES OF THE CHAIN COMMUNITY PHARMACY INDUSTRY, BY FOSTERING ITS GROWTH AND PROMOTING ITS ROLE AS A PROVIDER OF HEALTHCARE SERVICES AND CONSUMER PRODUCTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL MEETING - 2,000+ REGISTRANTS. DIRECTORS AND OFFICERS ARE ELECTED. KEY ADDRESSES BY CHAIRMAN OF THE BOARD, PRESIDENT, AND GUEST SPEAKERS. PROVIDES ATTENDEES INFORMATION REGARDING BUSINESS, MANAGEMENT, MERCHANDISING, OPERATIONS, ETC. PROVIDES A FORUM FOR EXECUTIVE-LEVEL MEETINGS BETWEEN CHAIN DRUG MEMBERS AND SUPPLIER PARTNERS.
CONFERENCES AND TRADE SHOWS - 4,000+ REGISTRANTS. TWO CONFERENCES HELD ANNUALLY. TOPICS ADDRESSED INCLUDE GENERAL MERCHANDISING TRENDS, PHARMACY AND PROFESSIONAL ISSUES, HEALTH AND WELLNESS, AND OPERATIONAL CONCERNS OF REGIONAL CHAIN DRUG STORE RETAILERS. EXHIBIT HALL FORMAT WITH SOME GENERAL BUSINESS SESSIONS INCLUDED.
FEDERAL AND STATE GOVERNMENT AFFAIRS PROGRAMS - CONGRESSIONAL RELATIONS PROGRAM DESIGNED TO COMMUNICATE INDUSTRY ISSUES OF CONCERN TO MEMBERS OF CONGRESS; LEGISLATIVE AND REGULATORY LIAISON DESIGNED TO KEEP MEMBERS INFORMED ON IMPORTANT LEGISLATIVE AND REGULATORY DEVELOPMENTS. SIMILAR PROGRAM AT THE STATE GOVERNMENT LEVEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven C Andersonfasaecae President & CEO | OfficerTrustee | 39 | $2,240,616 |
James A Whitman SVP Member Programs/services | 40 | $1,162,101 | |
Christopher P Krese SVP Congressional Relations & Com's | 40 | $736,551 | |
David M Fitzsimmons SVP Finance | Officer | 38 | $503,798 |
Christie Boutte SVP Reimb, Advocacy & Innovation | 40 | $493,855 | |
Sara Roszak SVP Health & Wellness Strategy | 25 | $456,984 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
1776 Wilson 2014 Llc Landlord | 12/30/22 | $933,414 |
Onstage Talent Group Entertainment | 12/30/22 | $1,044,348 |
Manatt Phelps & Phillips Llp Legal Fees | 12/30/22 | $580,606 |
Freeman Exhibit Hall Services | 12/30/22 | $969,248 |
Levy Restaurants Conference Food | 12/30/22 | $667,031 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,000 |
| Total Program Service Revenue | $36,889,133 |
| Investment income | $2,290,769 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $14,345 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $541,579 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $40,499,380 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $40,015 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $6,497,271 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,378,821 |
| Pension plan accruals and contributions | $812,703 |
| Other employee benefits | $641,738 |
| Payroll taxes | $606,500 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,207,287 |
| Fees for services: Accounting | $80,622 |
| Fees for services: Lobbying | $1,580,112 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $226,825 |
| Fees for services: Other | $33,415 |
| Advertising and promotion | $139,605 |
| Office expenses | $160,511 |
| Information technology | $523,480 |
| Royalties | $0 |
| Occupancy | $1,161,829 |
| Travel | $321,374 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,507,145 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $229,656 |
| Insurance | $282,338 |
| All other expenses | $410,911 |
| Total functional expenses | $34,802,999 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,173,576 |
| Savings and temporary cash investments | $9,286,297 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $599,056 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,514,221 |
| Net Land, buildings, and equipment | $434,565 |
| Investments—publicly traded securities | $72,834,520 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,661,792 |
| Total assets | $97,504,027 |
| Accounts payable and accrued expenses | $5,567,198 |
| Grants payable | $0 |
| Deferred revenue | $17,633,640 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,213,004 |
| Total liabilities | $33,413,842 |
| Net assets without donor restrictions | $64,090,185 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $97,504,027 |
Grants Awarded
Over the last fiscal year, National Association Of Chain Drug Stores Inc has awarded $32,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AMER SOCIETY OF ASSN EXECS PURPOSE: Support Annual Dinner | $17,000 |
GEORGE WASHINGTONS MT VERNON PURPOSE: Support Annual Dinner | $15,000 |