National Association Of Boards Of Pharmacy
- Assets
- $125.9m
- Revenue
- $44.6m
- Investments
- $0.0
- Employees
- 221
- Location
- Mount Prospect, IL
- Founding
- 08/1985
- Data as of
- 12/2023
- EIN
- 36-1520565
Organization Overview
National Association Of Boards Of Pharmacy is located in Mount Prospect, IL. The organization was established in 1985. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. As of 12/2023, National Association Of Boards Of Pharmacy employed 221 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Association Of Boards Of Pharmacy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, National Association Of Boards Of Pharmacy generated $44.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $43.8m during the year ending 12/2023. While expenses have increased by 4.3% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
NABP ASSISTS MEMBER BOARDS OF PHARMACY FOR THE PURPOSE OF PROTECTING THE PUBLIC HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NABP EXAMINATION PROGRAMS INCLUDE THE NORTH AMERICAN PHARMACIST LICENSURE EXAMINATION ("NAPLEX"), THE MULTISTATE PHARMACY JURISPRUDENCE EXAMINATION ("MPJE"), THE FOREIGN PHARMACY GRADUATE EQUIVALENCY EXAMINATION ("FPGEE"), AS WELL AS PRACTICE EXAMINATIONS TO SUPPORT THE NAPLEX ("PRE-NAPLEX"), THE MULTISTATE PHARMACY JURISPRUDENCE EXAMINATION ("PRE-MPJE")AND THE FPGEE ("PRE-FPGEE"). DURING 2023, THERE WERE 17,894 ADMINISTRATIONS OF THE "NAPLEX" EXAM TO CANDIDATES FROM NUMEROUS SCHOOLS AND COLLEGES OF PHARMACY THROUGHOUT THE UNITED STATES; 32,770 ADMINISTRATIONS OF THE "MPJE" EXAM; AND 344 ADMINISTRATIONS OF THE "FPGEE" EXAM.
NABP ACCREDITATION PROGRAMS INCLUDE THE DURABLE MEDICAL EQUIPMENT, PROSTHETICS, ORTHOTICS, AND SUPPLIES ("DMEPOS"); THE DRUG DISTRIBUTOR ACCREDITATION PROGRAM ("DDA"); THE DIGITAL PHARMACY ACCREDITATION PROGRAM (DPA); SUPPLY CHAIN INSPECTION PROGRAM ("SCI"); VERIFIED PHARMACY PROGRAM ("VPP"); OTC MEDICAL DEVICE DISTRIBUTOR PROGRAM; DOTPHARMACY PROGRAM, COMMUNITY PHARMACY PROGRAM; AND SPECIALTY PHARMACY PROGRAM.
COMMUNICATIONS PROGRAMS INCLUDES PUBLICATIONS BOTH WRITTEN AND ELECTRONIC SUCH AS INNOVATIONS, THE NABP NEWSLETTER THAT FEATURE ARTICLES ABOUT THE PRACTICE OF PHARMACY AND REGULATORY ISSUES, UPDATES ON PROGRAMS ANDS SERVICES AND ASSOCIATION NEWS, ENEWS EMAIL IS NEWS DELIVERED TO A SUBSCRIBER'S INBOX INCLUDING THE LATEST NEWS ABOUT REGULATORY ISSUES, MEDICATION SAFETY, AND ONLINE PHARMACY SAFETY. MARKETING OUTREACH TO CONSUMERS REGARDING NABP PROGRAMS AND DRUG SAFETY ISSUES AND CUSTOMER ENGAGEMENT SERVICES WHICH ASSISTS THE ASSOCIATION USERS WITH ACCESSING INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reginald Dilliard Chairman | OfficerTrustee | 3 | $5,000 |
Lenora S Newsome President | OfficerTrustee | 5 | $8,000 |
Jeffrey J Mesaros President-Elect | OfficerTrustee | 3 | $5,000 |
Bradley S Hamilton Treasurer | OfficerTrustee | 3 | $5,000 |
Stacey Ranucci Director | Trustee | 3 | $0 |
Janet Getzey Director | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Baker Botts Llp Legal Services | 12/30/23 | $705,776 |
Infonetworks Llc Consulting Services | 12/30/23 | $780,000 |
Barnes & Thornburg Llp Legal Services | 12/30/23 | $613,872 |
Ten Count Consulting Llc Consulting Services | 12/30/23 | $447,666 |
Faegre Drinker Biddle & Reath Llp Legal And Consulting Services | 12/30/23 | $300,457 |
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 | $825,569 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $825,569 |
| Total Program Service Revenue | $37,294,026 |
| Investment income | $2,958,210 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,339,776 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $226,400 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $44,643,981 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,150 |
| 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. | $1,695,507 |
| Compensation of current officers, directors, key employees. | $930,744 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,253,088 |
| Pension plan accruals and contributions | $1,606,832 |
| Other employee benefits | $3,350,851 |
| Payroll taxes | $1,364,063 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,247,699 |
| Fees for services: Accounting | $42,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $358,438 |
| Fees for services: Other | $9,033,634 |
| Advertising and promotion | $56,891 |
| Office expenses | $259,363 |
| Information technology | $864,727 |
| Royalties | $0 |
| Occupancy | $217,265 |
| Travel | $1,863,171 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $650,573 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,202,775 |
| Insurance | $88,837 |
| All other expenses | $346,863 |
| Total functional expenses | $43,827,120 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $614,644 |
| Savings and temporary cash investments | $3,316,514 |
| Pledges and grants receivable | $820,000 |
| Accounts receivable, net | $1,684,646 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $58,768 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $540,930 |
| Net Land, buildings, and equipment | $16,934,253 |
| Investments—publicly traded securities | $98,408,208 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,516,089 |
| Total assets | $125,894,052 |
| Accounts payable and accrued expenses | $5,820,445 |
| Grants payable | $0 |
| Deferred revenue | $5,013,122 |
| 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 | $206,349 |
| Total liabilities | $11,039,916 |
| Net assets without donor restrictions | $114,854,136 |
| 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 | $125,894,052 |