Pharmacy Technician Certification Board
- Assets
- $27.8m
- Revenue
- $15.8m
- Investments
- $0.0
- Employees
- 29
- Location
- Washington, DC
- Founding
- 04/1996
- Data as of
- 12/2023
- EIN
- 52-1923733
Organization Overview
Pharmacy Technician Certification Board is located in Washington, DC. The organization was established in 1996. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Pharmacy Technician Certification Board employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pharmacy Technician Certification Board 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, Pharmacy Technician Certification Board generated $15.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $16.1m during the year ending 12/2023. While expenses have increased by 6.3% 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 2019, Pharmacy Technician Certification Board has awarded 46 individual grants totaling $18,635,399. 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
PTCB ADVANCES MEDICATION SAFETY BY CREDENTIALING TECHNICIANS WHO ARE QUALIFIED TO SUPPORT PHARMACISTS AND PATIENT CARE TEAMS IN ALL PRACTICE SETTINGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PHARMACY TECHNICIAN CERTIFICATION BOARD (PTCB) WAS ESTABLISHED IN JANUARY 1995 AND IS GOVERNED BY SIX ORGANIZATIONS: THE AMERICAN PHARMACISTS ASSOCIATION, THE AMERICAN SOCIETY OF HEALTH-SYSTEM PHARMACISTS ASSOCIATION, THE ILLINOIS COUNCIL OF HEALTH-SYSTEM PHARMACISTS, THE MICHIGAN PHARMACISTS ASSOCIATION, THE NATIONAL ASSOCIATION OF BOARDS OF PHARMACY, AND THE NATIONAL COMMUNITY PHARMACISTS ASSOCIATION. PTCB IS A NATIONAL CERTIFICATION PROGRAM THAT ENABLES PHARMACY TECHNICIANS TO WORK MORE EFFECTIVELY WITH PHARMACISTS TO OFFER SAFE AND EFFECTIVE PATIENT CARE AND SERVICE. PTCB DEVELOPS, MAINTAINS, PROMOTES AND ADMINISTERS A NATIONAL COMMISSION OF CERTIFYING AGENCIES (NCCA) ACCREDITED CERTIFICATION PROGRAM FOR PHARMACY TECHNICIANS. THE PTCB CPHT EXAMINATION WAS DEVELOPED BY PTCB TO DETERMINE WHETHER INDIVIDUALS HAVE MASTERED THE KNOWLEDGE AND SKILLS NECESSARY TO PRACTICE AS A PHARMACY TECHNICIAN. SINCE 1995, PTCB HAS CERTIFIED MORE THAN 813,000 PHARMACY TECHNICIANS THROUGH THE EXAM AND TRANSFER PROCESS. IN 2023, PTCB CERTIFIED 29,579 PHARMACY TECHNICIANS AND RE-CERTIFIED MORE THAN 121,000 PHARMACY TECHNICIANS.
IN 2017 PTCB CREATED THE CERTIFIED COMPOUNDED STERILE PRODUCTS TECHNICIAN (CSPT) EXAM PROGRAM. STERILE COMPOUNDING IS THE PREPARATION OF MEDICATIONS IN A STERILE ENVIRONMENT TO PREVENT CONTAMINATION. THROUGH THE CSPT PROGRAM, PTCB-CERTIFIED PHARMACY TECHNICIANS (CPHTS) HAVE THE OPPORTUNITY TO DEMONSTRATE THEIR SPECIALIZED KNOWLEDGE AND COMMITMENT TO MEDICATION SAFETY BY MEETING THE HIGH STANDARDS OF PTCB'S CSPT PROGRAM. AT THE END OF 2023, PTCB HAD CERTIFIED 1,527 CSPTS.
IN 2019, PTCB CREATED A PRODUCT LINE OF ASSESSMENT BASED CERTIFICATES FOR ADVANCED TECHNICIAN ROLES AND AN ADVANCED CERTIFIED PHARMACY TECHNICIAN (CPHT-ADVTM) DESIGNATION. THESE CERTIFICATES RECOGNIZE THE IMPORTANT CONTRIBUTIONS PHARMACY TECHNICIANS MAKE TO ADVANCE MEDICATION SAFETY. DURING 2023, 2,981 OF THE ASSESSMENT BASED CERTIFICATES WERE GRANTED AND PTCB HAD 1,686 ACTIVE CPHT-ADV CREDENTIAL HOLDERS AT THE END OF 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Schimmel Executive Director & CEO | OfficerTrustee | 40 | $282,699 |
Chris Crank Board Chair | OfficerTrustee | 4 | $0 |
Paul Abramowitz Board Vice Chair | OfficerTrustee | 4 | $0 |
Lemrey Al Carter Board Cert. Council Chair | Trustee | 4 | $0 |
Mark Glasper Board Treasurer | OfficerTrustee | 4 | $0 |
B Douglas Hoey At Large | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ncs Pearson Administer Exams | 12/30/23 | $2,563,829 |
Telecom Customer Services | 12/30/23 | $438,293 |
Cobalt Certification Management Database | 12/30/23 | $421,460 |
Scott Circle Communications Public Relations | 12/30/23 | $144,000 |
Click Dimensions Information Technology | 12/30/23 | $115,866 |
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 | $14,674,937 |
| Investment income | $934,332 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $685 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $39,502 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,773,383 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,982,904 |
| 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. | $1,501,836 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,866,250 |
| Pension plan accruals and contributions | $162,215 |
| Other employee benefits | $561,304 |
| Payroll taxes | $326,792 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $52,129 |
| Fees for services: Accounting | $25,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $111,442 |
| Fees for services: Other | $4,065,617 |
| Advertising and promotion | $40,956 |
| Office expenses | $367,102 |
| Information technology | $457,417 |
| Royalties | $0 |
| Occupancy | $151,739 |
| Travel | $303,291 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $56,498 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $440,024 |
| Insurance | $85,873 |
| All other expenses | $15,520 |
| Total functional expenses | $16,143,695 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,474,773 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $540,921 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $45,107 |
| Prepaid expenses and deferred charges | $325,171 |
| Net Land, buildings, and equipment | $993,453 |
| Investments—publicly traded securities | $24,431,156 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $27,810,581 |
| Accounts payable and accrued expenses | $1,449,910 |
| Grants payable | $4,920,000 |
| Deferred revenue | $681,185 |
| 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 | $82,961 |
| Total liabilities | $7,134,056 |
| Net assets without donor restrictions | $20,676,525 |
| 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 | $27,810,581 |
Grants Awarded
Over the last fiscal year, Pharmacy Technician Certification Board has awarded $4,977,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN PHARMACISTS ASSOCIATION PURPOSE: TO ADVANCE PHARMACY TECHNICIANS | $820,000 |
AMERICAN SOCIETY OF HEALTH SYSTEM PHARMACISTS PURPOSE: TO ADVANCE PHARMACY TECHNICIANS | $820,000 |
ILLINOIS COUNCIL OF HEALTH-SYSTEM PHARMACISTS PURPOSE: TO ADVANCE PHARMACY TECHNICIANS | $820,000 |
MICHIGAN PHARMACISTS ASSOCIATION PURPOSE: TO ADVANCE PHARMACY TECHNICIANS | $820,000 |
NATIONAL ASSOCIATION OF BOARDS OF PHARMACY PURPOSE: TO ADVANCE PHARMACY TECHNICIANS | $820,000 |
NATIONAL COMMUNITY PHARMACISTS ASSOCIATION (NCPA) PURPOSE: TO ADVANCE PHARMACY TECHNICIANS | $820,000 |