Virginia Pharmaceutical Association Inc
- Assets
- $910.2k
- Revenue
- $1.1m
- Investments
- $2.5k
- Employees
- 3
- Location
- North Chesterfield, VA
- Founding
- 08/1944
- Data as of
- 09/2023
- EIN
- 54-0420448
Organization Overview
Virginia Pharmaceutical Association Inc, operating under the name Virginia Pharmacy Association, is located in North Chesterfield, VA. The organization was established in 1944. According to its NTEE Classification (G01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 09/2023, Virginia Pharmacy Association employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Pharmacy 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 09/2023, Virginia Pharmacy Association generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $918.0k during the year ending 09/2023. While expenses have increased by 15.4% per year over the past 6 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
THE PURPOSE OF THE ASSOCIATION IS TO ASSURE THE VIABILITY AND VITALITY OF THE PROFESSION OF PHARMACY BY ADVOCATING FOR PHARMACISTS AND PHARMACY TECHNICIANS IN LEGISLATIVE, REGULATORY AND PUBLIC AFFAIRS. THE FOCUS OF ADVOCACY SHALL BE TO MAXIMIZE CONTRIBUTIONS OF THE PROFESSION TO PUBLIC HEALTH, AND PATIENT CARE AND TO INCREASE PUBLIC AWARENESS OF THE VALUE OF PHARMACY SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROFESSIONAL EDUCATION, LEADERSHIP AND DEVELOPMENT: TO ENHANCE THE PROFESSIONAL COMPETENCY AND QUALIFICATIONS OF PHARMACISTS AND PHARMACY TECHNICIAN ACROSS ALL PRACTICE SETTING THROUGH THE DEVELOPMENT OF CONTINUING EDUCATION PROGRAMS WITH A FOCUS ON INNOVATIVE PRACTICES AND OPPORTUNITIES FOR THE PROFESSION, LEADERSHIP OPPORTUNITIES, AND CAREER DEVELOPMENT PROCESSES. THIS IS ACHIEVED CURRENTLY WITH A THREE DAY CONVENTION AND TRADE SHOW THAT IS HELD ANNUALLY TO REVIEW ACTIVITIES OF ASSOCIATION AND TO PROVIDE EDUCATIONAL OPPORTUNITIES FOR PHARMACISTS AND PHARMACY TECHNICIANS TO IMPROVE THEIR PRACTICING ABILITY. IN ADDITION, THERE IS A TWO DAY CONFERENCE HELD ANNUALLY TO NOMINATE OFFICER AND DIRECTORS AND PROVIDE EDUCATIONAL UPDATES ON RELEVANT PRACTICE-BASED ISSUES TO IMPROVE THE KNOWLEDGE AND AWARENESS OF THE ATTENDEES.
LEGISLATIVE AND REGULATORY ADVOCACY: TO BE PROACTIVE IN MONITORING AND INFLUENCING LEGISLATION AND TO WORK WITH REGULATORY BODIES TO ENHANCE THE PRACTICE OF PHARMACY TO IMPROVE PATIENT CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leonard Edloe President | OfficerTrustee | 2 | $0 |
Leah Argie Imm Past Pre | OfficerTrustee | 1 | $0 |
Sharon Gatewood President El | Trustee | 1 | $0 |
Sam Silek Treasurer | OfficerTrustee | 2 | $0 |
Nicara Neely Secretary | OfficerTrustee | 1 | $0 |
Christina Barrille Former Ex. D | Officer | 40 | $132,002 |
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 | $756,252 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $756,252 |
| Total Program Service Revenue | $268,080 |
| Investment income | $7,893 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,641 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,079,095 |
| 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. | $136,904 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $174,536 |
| Pension plan accruals and contributions | $6,045 |
| Other employee benefits | $5,200 |
| Payroll taxes | $24,036 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,510 |
| Fees for services: Lobbying | $77,942 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,969 |
| Office expenses | $34,709 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,910 |
| Travel | $5,784 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $56,948 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,270 |
| Insurance | $4,530 |
| All other expenses | $1,611 |
| Total functional expenses | $918,018 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $602,671 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $156,047 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,451 |
| Investments—publicly traded securities | $147,039 |
| Investments—other securities | $2,500 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $500 |
| Total assets | $910,208 |
| Accounts payable and accrued expenses | $38,873 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $38,873 |
| Net assets without donor restrictions | $871,335 |
| 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 | $910,208 |