National Association Of Specialty Pharmacy Inc
- Assets
- $2.8m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 6
- Location
- Washington, DC
- Founding
- 09/2014
- Data as of
- 12/2021
- EIN
- 46-0917764
Organization Overview
National Association Of Specialty Pharmacy Inc is located in Washington, DC. The organization was established in 2014. 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 12/2021, National Association Of Specialty Pharmacy Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Association Of Specialty Pharmacy 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 12/2021, National Association Of Specialty Pharmacy Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 8.5% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATIONAL PROGRAMS, CERTIFICATION CURRICULUM AND PROFESSIONAL NETWORKING FORUMS FOR HEALTHCARE PROFESSIONALS TO PROMOTE THE SAFE AND APPROPRIATE USE OF SPECIALTY MEDICATIONS AND IMPROVE CLINICAL AND ECONOMIC OUTCOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL MEETING - THE NASP ANNUAL MEETING & EXPO IS AN EDUCATION AND NETWORKING CONFERENCE FOR SPECIALTY PHARMACY PROFESSIONALS
MEMBERSHIP - NASP MEMBERS INCLUDE THE LEADING SPECIALTY PHARMACIES IN THE UNITED STATES AND OTHER ORGANIZATIONS AND INDIVIDUALS IN THE SPECIALTY PHARMACY INDUSTRY.
OTHER PROGRAMS INCLUDE:- EDUCATION- GOVERNMENT AFFAIRS- PAC- SPCB, SASP, SPECIAL PROJECTS, PUBLISHING, AND SCHOLARSHIP PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheila Arquette President & CEO | Officer | 40 | $257,534 |
Jo Ann Hyres Director, Corporate Operations | Officer | 40 | $166,277 |
Kyle Skiermont Chair | OfficerTrustee | 2 | $0 |
Erik Halstrom Secretary, Pac Treasurer | OfficerTrustee | 3 | $0 |
Michael T Einodshofer Immediate Past Chair | OfficerTrustee | 4 | $0 |
Mike Adloo Director | Trustee | 0.2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Proce Inc Ce & Program Management Services, Provid | 12/30/21 | $141,791 |
Powers Pyles Sutter & Verville Pc Government Relations Support | 12/30/21 | $497,000 |
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 | $25,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,000 |
| Total Program Service Revenue | $1,848,508 |
| Investment income | $339 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $48,017 |
| 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 | $1,938,780 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $10,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $439,740 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $204,706 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $732 |
| Payroll taxes | $41,608 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $91,589 |
| Fees for services: Accounting | $93,756 |
| Fees for services: Lobbying | $462,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $411,380 |
| Advertising and promotion | $10,003 |
| Office expenses | $19,648 |
| Information technology | $19,933 |
| Royalties | $0 |
| Occupancy | $1,117 |
| Travel | $13,386 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,982 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,366 |
| Insurance | $16,201 |
| All other expenses | $460 |
| Total functional expenses | $1,925,639 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,138,694 |
| Savings and temporary cash investments | $509,381 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,408 |
| 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 | $88,869 |
| Net Land, buildings, and equipment | $26,633 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,775,985 |
| Accounts payable and accrued expenses | $249,337 |
| Grants payable | $0 |
| Deferred revenue | $990,552 |
| 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 | $4,036 |
| Total liabilities | $1,243,925 |
| Net assets without donor restrictions | $1,532,060 |
| 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 | $2,775,985 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Drug Information Association Inc Washington, DC | $19,738,468 | $18,905,794 |
Community Health Accreditation Program Inc Arlington, VA | $22,682,316 | $18,320,268 |
Plasma Protein Therapeutics Association Annapolis, MD | $7,828,244 | $13,003,501 |
American Podiatric Medical Assoc Bethesda, MD | $21,176,179 | $13,540,711 |
Association Of Womens Health Obstetric And Neonatal Nurses Washington, DC | $13,892,759 | $13,409,366 |
Maryland Hospital Association Incorporated Elkridge, MD | $38,009,436 | $21,113,999 |
American Health Law Association Washington, DC | $23,085,368 | $9,214,718 |
Parenteral Drug Association Inc Bethesda, MD | $14,078,226 | $8,044,773 |
National Pharmaceutical Council Inc Washington, DC | $24,620,287 | $8,284,643 |
National Association Of Childrens Hospitals Inc Washington, DC | $18,366,386 | $8,000,690 |
National Association For Home Care Washington, DC | $12,583,003 | $7,979,825 |
National Minority Health Association Owings Mills, MD | $1,141,294 | $7,237,728 |