New Mexico Pharmacists Association
- Assets
- $375.2k
- Revenue
- $381.1k
- Investments
- $2.5k
- Employees
- 3
- Location
- Albuquerque, NM
- Founding
- 03/1976
- Data as of
- 12/2022
- EIN
- 85-0096044
Organization Overview
New Mexico Pharmacists Association is located in Albuquerque, NM. The organization was established in 1976. 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 12/2022, New Mexico Pharmacists Association employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Mexico 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, New Mexico Pharmacists Association generated $381.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $320.5k 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
THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO PROMOTE, DEVELOP AND ENCOURAGE THE DISTRIBUTION OF PHARMACEUTICAL SERVICES, EDUCATION AND ADVOCACY FOR ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUING EDUCATION SEMINARS AND MEETINGS, PUBLICATIONS OF PROFESSIONAL LITERATURE FOR ITS MEMBERS, CODED DRUG MANUALS & PERIODIC UPDATES.
MONITORING AND ADVOCACY IN THE LEGISLATURE AND AT THE STATE BOARD OF PHARMACY. EDUCATING LEGISLATORS REGARDING THE IMPACT OF PROPOSED LEGISLATION. REPRESENTING THE INTERESTS OF PHARMACIES AND PHARMACISTS AT THE STATE LEGISLATURE AND STATE BOARD OF PHARMACY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Rick Harter Treasurer | OfficerTrustee | 3 | $0 |
Ashley Seyfarth Vice President | OfficerTrustee | 1 | $0 |
April Cross Imm Past President | OfficerTrustee | 1 | $0 |
R Dale Tinker Executive Director | OfficerTrustee | 50 | $121,106 |
Matt Munson President | OfficerTrustee | 1 | $0 |
Aaron Buffington Vice President | OfficerTrustee | 1 | $0 |
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 | $380,605 |
| Investment income | $346 |
| 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 | $105 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $381,056 |
| 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. | $121,106 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,234 |
| Pension plan accruals and contributions | $14,077 |
| Other employee benefits | $0 |
| Payroll taxes | $12,415 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,441 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,450 |
| Information technology | $4,536 |
| Royalties | $0 |
| Occupancy | $12,704 |
| Travel | $2,018 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $72,215 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,520 |
| Insurance | $3,416 |
| All other expenses | $1,491 |
| Total functional expenses | $320,461 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $142,601 |
| Savings and temporary cash investments | $183,790 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,899 |
| 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 | $3,529 |
| Net Land, buildings, and equipment | $2,688 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,500 |
| Investments—program-related | $29,224 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $375,231 |
| Accounts payable and accrued expenses | $45,237 |
| Grants payable | $0 |
| Deferred revenue | $43,064 |
| 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 | $88,301 |
| Net assets without donor restrictions | $0 |
| 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 | $286,930 |
| Total liabilities and net assets/fund balances | $375,231 |