Minnesota Pharmacists Association is located in Minneapolis, MN. The organization was established in 1944. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Pharmacists Association 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, Minnesota Pharmacists Association generated $427.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $459.6k during the year ending 12/2022. 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
SERVING MINNESOTA PHARMACISTS TO ADVANCE PATIENT CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL MEETING - FOSTERS AND DEVELOPS THE PROFESSION OF PHARMACY.
MEMBER SERVICES AND ACTIVITIES - SUPPORTS MEMBERS IN THE PHARMACY PROFESSION.
MINNESOTA PHARMACISTS PUBLICATION - ENHANCES COMMUNICATION WITH MEMBERS.
CONTINUING EDUCATION - FOSTERS AND DEVELOPS THE PROFESSION OF PHARMACY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ann Byre President | OfficerTrustee | 1 | $0 |
Rebecca Pickler President-Elect | OfficerTrustee | 1 | $0 |
Joe Dvorak Secretary/treasurer | OfficerTrustee | 1 | $0 |
Allyson Schlichte Past President | Trustee | 1 | $0 |
Nick Boreen Speaker Of The House | Trustee | 1 | $0 |
Sean Stewart Vice Speaker Of The House | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $104,481 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $5,000 |
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 | $109,481 |
Total Program Service Revenue | $316,755 |
Investment income | $927 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $427,163 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $162,434 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $118,331 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $2,189 |
Fees for services: Lobbying | $34,188 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $5,276 |
Office expenses | $3,932 |
Information technology | $13,575 |
Royalties | $0 |
Occupancy | $5,526 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $48,878 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,352 |
Insurance | $4,935 |
All other expenses | $14,162 |
Total functional expenses | $459,645 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $9,259 |
Savings and temporary cash investments | $26,369 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $19,985 |
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 | $1,873 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $57,486 |
Accounts payable and accrued expenses | $2,710 |
Grants payable | $0 |
Deferred revenue | $27,437 |
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 | $0 |
Total liabilities | $30,147 |
Net assets without donor restrictions | $27,339 |
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 | $57,486 |