Academy Of Managed Care Pharmacy A New Jersey Nonprofit Corporation
- Assets
- $25.2m
- Revenue
- $19.5m
- Investments
- $0.0
- Employees
- 77
- Location
- Alexandria, VA
- Founding
- 11/1999
- Data as of
- 12/2022
- EIN
- 22-3020486
Organization Overview
Academy Of Managed Care Pharmacy A New Jersey Nonprofit Corporation, operating under the name Amcp, is located in Alexandria, VA. The organization was established in 1999. According to its NTEE Classification (U20) the organization is classified as: General Science, under the broad grouping of Science & Technology and related organizations. As of 12/2022, Amcp employed 77 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Amcp 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, Amcp generated $19.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $20.5m during the year ending 12/2022. While expenses have increased by 7.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE PATIENT HEALTH BY ENSURING ACCESS TO HIGH-QUALITY, COST-EFFECTIVE MEDICATIONS AND OTHER THERAPIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMCP HOSTS TWO NATIONAL MEETINGS A YEAR; AMCP NEXUS AND THE AMCP MANAGED CARE & SPECIALTY PHARMACY ANNUAL MEETING. THESE PREMIER EVENTS ARE DEDICATED TO BRINGING THE MANY FACETS OF MANAGED CARE PHARMACY TOGETHER TO SHARE AND LEARN THE LATEST IN MANAGED CARE PHARMACY AND BE BETTER PREPARED TO MEET THE NEEDS AND SHAPE THE FUTURE. AMCP'S MEETINGS ALSO PROVIDE NUMEROUS OPPORTUNITIES FOR NETWORKING WITH COLLEAGUES AND VENDORS.
AMCP IS A RECOGNIZED LEADER IN MANAGED CARE CONTINUING PHARMACY EDUCATION. AMCP'S OFFERINGS INCLUDE CONTINUING PHARMACY EDUCATION LEARNING ACTIVITIES THAT PROVIDE MANAGED CARE PHARMACISTS WITH THE KNOWLEDGE AND SKILLS NECESSARY TO ACQUIRE, MAINTAIN, AND ENHANCE PROFESSIONAL COMPETENCE. AMCP LEARN, OUR ONLINE LEARNING CENTER, PROVIDES CONTENT ON A WIDE VARIETY OF ISSUES AND DISEASES DESIGNED SPECIFICALLY FOR MANAGED CARE PHARMACY PROFESSIONALS.INDIVIDUAL MEMBERSHIP SERVICES - MEMBERS BENEFIT FROM SERVICES PROVIDED BY THE ORGANIZATION, INCLUDING THE FOLLOWING: CONTINUING EDUCATION, NEWSLETTERS AND CAREER REFERRALS, PUBLICATIONS AND WEBINARS.CORPORATE MEMBERSHIP SERVICES - COMPLIMENTARY REGISTRATIONS TO AMCP MEETING, SPONSORSHIP OPPORTUNITIES, WEBINAR HOSTING, LIST RENTALS, DISCOUNTS ON EXHIBITOR FEES, LIMITED FREE AMCP MEMBERSHIPS (INCLUDES ALL INDIVIDUAL MEMBER BENEFITS).
AMCP ADVOCATES FOR BETTER PATIENT OUTCOMES AND THE ISSUES THAT ARE IMPORTANT TO MANAGED CARE PHARMACY AND OUR MEMBERS THROUGH LEGISLATIVE AND REGULATORY ADVOCACY. AMCP BRINGS TOGETHER DIVERSE STAKEHOLDERS THROUGH OUR PARTNERSHIP FORUMS ON KEY ISSUES TO FORMULATE STRATEGIES ON HOW TO ANSWER THE TOUGH QUESTIONS AND DEVELOP STRATEGIES TO MOVE FORWARD.
AMCP ENSURES OUR MEMBERS HAVE THE SKILLS AND KNOWLEDGE THEY NEED THROUGHOUT THE YEAR. THE JOURNAL OF MANAGED CARE & SPECIALTY PHARMACY (JMCP), AMCP'S JOURNAL, PUBLISHES PEER-REVIEWED ORIGINAL RESEARCH MANUSCRIPTS, SUBJECT REVIEWS, AND OTHER CONTENT INTENDED TO ADVANCE THE USE OF THE SCIENTIFIC METHOD, INCLUDING THE INTERPRETATION OF RESEARCH FINDINGS IN MANAGED CARE PHARMACY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deb Curry President | OfficerTrustee | 1 | $0 |
James R Hopsicker President-Elect | OfficerTrustee | 1 | $0 |
Paul Jeffrey Past President | OfficerTrustee | 1 | $0 |
Christina J Barrington Treasurer | OfficerTrustee | 1 | $0 |
Maribeth M Bettarelli Director | Trustee | 1 | $0 |
Jessica Daw Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Freeman Audio Visual Consulting | 12/30/22 | $871,574 |
Marriott International Consulting | 12/30/22 | $639,083 |
Harvard Pilgrim Health Care Inc Consulting | 12/30/22 | $284,381 |
Jayne Somes-schloesser Consulting | 12/30/22 | $321,012 |
Dartmouth Printing Company Consulting | 12/30/22 | $260,031 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $19,303,883 |
| Investment income | $489,072 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $13,788 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$418,984 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,535,762 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $19,565 |
| 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. | $1,211,804 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,003,231 |
| Pension plan accruals and contributions | $446,760 |
| Other employee benefits | $550,000 |
| Payroll taxes | $462,395 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $79,200 |
| Fees for services: Accounting | $47,500 |
| Fees for services: Lobbying | $210,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,474 |
| Fees for services: Other | $4,265,877 |
| Advertising and promotion | $67,500 |
| Office expenses | $1,600,362 |
| Information technology | $754,446 |
| Royalties | $0 |
| Occupancy | $399,564 |
| Travel | $525,903 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,943,155 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $630,000 |
| Insurance | $115,800 |
| All other expenses | $0 |
| Total functional expenses | $20,536,090 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,841,583 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,666,910 |
| 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 | $823,593 |
| Net Land, buildings, and equipment | $1,665,518 |
| Investments—publicly traded securities | $12,665,769 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,555,140 |
| Total assets | $25,218,513 |
| Accounts payable and accrued expenses | $2,986,050 |
| Grants payable | $0 |
| Deferred revenue | $3,055,957 |
| 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 | $2,832,971 |
| Total liabilities | $8,874,978 |
| Net assets without donor restrictions | $16,343,535 |
| 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 | $25,218,513 |