Pharmaceutical Care Management Association
- Assets
- $26.9m
- Revenue
- $61.7m
- Investments
- $0.0
- Employees
- 43
- Location
- Washington, DC
- Founding
- 00/0000
- Data as of
- 12/2023
- EIN
- 38-3676760
Organization Overview
Pharmaceutical Care Management Association, operating under the name Pcma, is located in Washington, DC. The organization was established in 0000. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Pcma employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pcma 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 12/2023, Pcma generated $61.7m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $62.3m during the year ending 12/2023. While expenses have increased by 14.3% 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.
Since 2022, Pcma has awarded 40 individual grants totaling $1,156,900. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE OTHE PHARMACEUTICAL CARE MANAGEMENT ASSOCIATION (PCMA) IS THE NATIONAL ASSOCIATION REPRESENTING AMERICA'S PHARMACY BENEFIT MANAGERS (PBMS). PBMS ADMINISTER PRESCRIPTION DRUG PLANS FOR MORE THAN 270 MILLION AMERICANS WHO HAVE HEALTH INSURANCE FROM A VARIETY OF SPONSORS INCLUDING: COMMERCIAL HEALTH PLANS, SELF-INSURED EMPLOYER PLANS, UNION PLANS, MEDICARE PART D PLANS, THE FEDERAL EMPLOYEES HEALTH BENEFITS PROGRAM (FEHBP), STATE GOVERNMENT EMPLOYEE PLANS, MANAGED MEDICAID PLANS, AND OTHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PCMA SHAPES PRO-PBM FEDERAL AND STATE LEGISLATIVE AND REGULATORY ENVIRONMENTS BY ADVANCING PCMA MEMBER COMPANY APPROVED POLICY PRIORITIES.
PCMA'S OBJECTIVE IS TO BUILD A FOUNDATIONAL UNDERSTANDING OF THE VALUE OF THE PBM INDUSTRY AMONG FEDERAL AND STATE POLICYMAKERS, THOUGHT LEADERS AND THE MEDIA.
PCMA'S GOAL IS TO DEEPEN THE PBM'S RELATIONSHIP WITH PATIENT GROUPS, HEALTHCARE PROVIDERS, PAYORS, DRUG MAKERS AND OTHER STAKEHOLDERS IN THE PHARMACEUTICAL SUPPLY CHAIN TO FIND AREAS OF ALIGNMENT THAT WILL BUILD STRATEGIES TO MITIGATE CONFLICTS AND BUILD POSITIVE RELATIONSHIPS BETWEEN INDUSTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Conway Director | Trustee | 1 | $0 |
Chris Dupaul Director | Trustee | 1 | $0 |
William Fleming Director | Trustee | 1 | $0 |
James Gartner Director | Trustee | 1 | $0 |
David Joyner Director | Trustee | 1 | $0 |
Mostafa Kamal Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Plus Communications Pr And Media Consultant/advertising | 12/30/23 | $9,342,465 |
Foley Hoag Llp Industry Legal Support | 12/30/23 | $1,235,966 |
Marriott Hotel Services Conferences | 12/30/23 | $942,995 |
Arizona Biltmore Resort & Hotel Conferences | 12/30/23 | $893,718 |
Kivvit Pr And Media Consultant/advertising | 12/30/23 | $720,218 |
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 | $60,878,729 |
| Investment income | $743,820 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $65,225 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $61,687,774 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $477,850 |
| 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. | $7,066,844 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,324,878 |
| Pension plan accruals and contributions | $1,340,462 |
| Other employee benefits | $1,094,022 |
| Payroll taxes | $730,007 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $323,651 |
| Fees for services: Accounting | $83,037 |
| Fees for services: Lobbying | $4,708,825 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,740 |
| Fees for services: Other | $11,730,685 |
| Advertising and promotion | $7,602,966 |
| Office expenses | $1,078,570 |
| Information technology | $262,421 |
| Royalties | $0 |
| Occupancy | $1,080,060 |
| Travel | $1,105,196 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,613,761 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $413,489 |
| Insurance | $58,279 |
| All other expenses | $0 |
| Total functional expenses | $62,339,506 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,345,935 |
| Savings and temporary cash investments | $10,342,063 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,991,484 |
| 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 | $826,089 |
| Net Land, buildings, and equipment | $666,622 |
| Investments—publicly traded securities | $748,417 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,027,071 |
| Total assets | $26,947,681 |
| Accounts payable and accrued expenses | $3,065,298 |
| Grants payable | $0 |
| Deferred revenue | $4,073,697 |
| 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 | $6,648,395 |
| Total liabilities | $13,787,390 |
| Net assets without donor restrictions | $13,160,291 |
| 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 | $26,947,681 |
Grants Awarded
Over the last fiscal year, Pharmaceutical Care Management Association has awarded $263,500 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
PCMA FOUNDATION PURPOSE: SUPPORT ACADEMIC RESEARCH ON MEDICAL CARE | $100,000 |
JOBS FIRST COALITION PURPOSE: POLITICAL GIVING | $50,000 |
FRIENDS OF RANDY FINE PURPOSE: POLITICAL GIVING | $20,000 |
CALIFORNIA DEMOCRATIC PARTY PURPOSE: POLITICAL GIVING | $15,000 |
COMMITTEE TO ELECT A REPUBLICAN SENATE PURPOSE: POLITICAL GIVING | $12,000 |
REPUBLICAN ASSEMBLY CAMPAIGN COMMITTEE PURPOSE: POLITICAL GIVING | $12,000 |