2022-10-12T06:30:13-07:00 2021-12-31 990 2021-01-01 135582579 National Assn of Chain Drug Stores Inc NATI 7035493001 1776 Wilson Blvd 200 Arlington VA 22209 David M Fitzsimmons SVP, Finance & Admin 2022-10-12 David M Fitzsimmons 999009999 2 AAL1 IAL1 FAL1 2021 2022-09-23 18:48:47Z Steven C AndersonFASAECAEIOM 18011694 false X www.nacds.org X 1933 VA To advance the interests and objectives of the chain community pharmacy industry, by fostering its growth and promoting its role as a provider of healthcare services and consumer products. 23 23 64 50 20687 13218 0 30212068 12507985 2483536 5444552 357490 59157 33053094 18011694 46316 35300 0 19877214 17366823 0 0 10959470 9402322 30883000 26804445 2170094 -8792751 104384631 98528710 25294478 27694033 79090153 70834677 X To advance the interests and objectives of the chain community pharmacy industry, by fostering its growth and promoting its role as a provider of healthcare services and consumer products. false true ANNUAL MEETING - 2,000+ registrants. Directors and officers are elected. Key addresses by chairman of the board, president, and guest speakers. Provides attendees information regarding business, management, merchandising, operations, etc. Provides a forum for executive-level meetings between chain drug members and supplier partners. [Note: COVID-19 caused the meeting to be held virtually in 2021] CONFERENCES AND TRADE SHOWS - 5,000+ registrants. Two conferences held annually. Topics addressed include general merchandising trends, pharmacy and professional issues, health and wellness, and operational concerns of regional chain drug store retailers. Exhibit hall format with some general business sessions included. [Note: COVID-19 caused the meeting to be held virtually in 2021.] FEDERAL AND STATE GOVERNMENT AFFAIRS PROGRAMS - Congressional relations program designed to communicate industry issues of concern to members of Congress; legislative and regulatory liaison designed to keep members informed on important legislative and regulatory developments. Similar program at the state government level. false false true true false false false false false true false false false false true false false false false false false false false false false false true false true false false false false false false false false false false false true true true false true 60 0 true 64 true true true false false false true true false true false X 23 23 true false false false true true false true true false false true true true true true true true true true true X David M Fitzsimmons 7035493001 1776 Wilson Blvd STE 200 Arlington VA 222092516 Steven C AndersonFASAECAE President & CEO 39.00 1.00 X X 3966191 0 704881 James A Whitman SVP Member Programs/Services 40.00 0.00 1132470 0 67445 Christopher P Krese SVP Congressional Relations & Com's 40.00 0.00 693971 0 75947 Don L Bell SVP Legal Affairs/General Counsel 40.00 0.00 617909 0 30338 David M Fitzsimmons SVP Finance 38.00 2.00 X 570908 0 75696 Thomas O'Donnell SVP Government Affairs 40.00 0.00 499494 0 34392 Christie Boutte SVP Reimb, Advocacy & Innovation 40.00 0.00 454376 0 59760 Mary Ellen Kleiman VP Legal Affairs 40.00 0.00 426542 0 33266 Terrance Arth VP Member Programs 40.00 0.00 365939 0 73286 Michael Ayotte SVP Pharmacy Transform & Advocacy 40.00 0.00 381377 0 46609 Kevin Nicholson VP Regulatory Aff 40.00 0.00 357231 0 47699 Sara Roszak SVP Health & Wellness Strategy 25.00 15.00 325302 0 75254 Sandra Kay Guckian VP State Govt 40.00 0.00 307402 0 47166 Kathleen Jaeger SVP Pharmacy Care/President FDN 25.00 15.00 313269 0 37260 Dawn Worthington VP Human Resources 40.00 0.00 288845 0 44077 Colleen Lindholz Chair 5.00 0.00 X X 0 0 0 Brian Nightengale Vice Chair 5.00 0.00 X X 0 0 0 Lori Flees Treasurer 1.00 0.00 X X 0 0 0 Joseph Douglas Director 1.00 0.00 X 0 0 0 Randy Edeker Director 1.00 0.00 X 0 0 0 Lynne Fruth Director 1.00 0.00 X 0 0 0 Omer Gajial Director 1.00 0.00 X 0 0 0 Alex Gourlay Director 1.00 0.00 X 0 0 0 Mark Griffin Director 1.00 0.00 X 0 0 0 Kirk Kaminsky Director 1.00 0.00 X 0 0 0 Jocelyn Konrad Director 1.00 0.00 X 0 0 0 Chris Lane Director 1.00 0.00 X 0 0 0 Robert Narveson Director 1.00 0.00 X 0 0 0 Martin Otto Director 1.00 0.00 X 0 0 0 Craig Painter Director 1.00 0.00 X 0 0 0 Jim Peters Director 1.00 0.00 X 0 0 0 Jonathan Roberts Director 1.00 0.00 X 0 0 0 John Standley Director 1.00 0.00 X 0 0 0 Sharon Sternheim Director 1.00 0.00 X 0 0 0 Deborah Weitzman Director 1.00 0.00 X 0 0 0 Michael Wysong Director 1.00 0.00 X 0 0 0 10701226 1453076 48 true true false 1776 Wilson 2014 LLC 4601 N Fairfax Dr 1115 Arlington VA 22203 Landlord 1220786 Manatt Phelps & Phillips LLP 2019 Century Park East 1700 Los Angeles CA 90067 Legal Fees 308551 Find Freedom 118 Hamilton Ave Silver Spring MD 20901 Communications 285000 Reed Smith LLP 225 Fifth Ave Pittsburgh PA 15222 Legal Fees 205643 NVG LLC 1640 Rhode Island Ave 700 Washington DC 20036 Consulting 200000 22 0 Advertising 20687 20687 Conference/Trade Show 154400 154400 Legal/Coalition Support 673092 673092 Membership Dues 11659806 11659806 12507985 2299725 2299725 0 51926 51926 0 3144827 3144827 3144827 3144827 0 0 0 Miscellaneous 7231 7231 7231 18011694 15529651 20687 2461356 35300 0 0 0 9514602 0 5956935 498499 676737 720050 0 776479 75225 567737 0 243129 865286 218601 146651 520781 0 1209414 43653 0 2175248 0 0 219514 185455 Tax Expense- 4720 Excise 631987 Printing and Publications 624921 Library Subs & Mbr Dues 335623 Credit Card and Bank fees 253317 309301 26804445 0 0 0 1398735 2925659 17972011 8121571 0 500501 94130 0 0 0 0 1792194 1383988 4580557 4003572 785095 576985 78628485 81847750 0 0 0 3307610 3578627 104384631 98528710 10476055 8842746 14818423 18851287 25294478 27694033 X 79090153 70834677 79090153 70834677 104384631 98528710 X -8792751 537720 -445 X false true X true false 3000 3000 3000 true Gustavo Rivera for Senate 70 E 184th St Bronx NY 10468 272478542 2000 Friends of Malcolm Augustine 1215 E Fort Ave 106 Baltimore MD 21230 464156000 1000 false false false 11659806 4407801 4407801 4663922 Part I-A, Line 1 - Direct and Indirect Political Campaign Activities Corporate contributions made to candidates for state office, or to state political organizations.Taxpayer ID's containing x's in the list are SSN's. For security purposes, only the last 4 digits are used. 2106362 1672447 433915 1064923 929658 135265 1409272 1401467 7805 576985 X Part X : FIN48 Footnote Since the Taxpayer's consolidated audit includes its Foundation and Political Action Committee, the following is taken from the part of the footnote related to this taxpayer:Income taxes: The Association is generally exempt from income taxes on income under the provisions of Section 501(c)(6) of the Internal Revenue Code. Income from nonexempt functions is subject to unrelated business income tax. The Association had income tax expense, relating to advertising income, of $19,900 and $36,579 for the years ended December 31, 2021 and 2020, respectively. The Association follows the accounting standard on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the consolidated financial statements. Under this guidance, the Association may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. Management evaluated the Association's tax positions and concluded that the Association had taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance. true Amer Society of Assn Execs 1575 Eye St NW Washington DC 20005 530026940 501(c)(6) 12000 0 Actual Cost Support Annual Dinner George Washingtons Mt Vernon PO Box 110 Mt Vernon VA 22121 540564701 15000 0 Actual Cost Support Annual Dinner 1 1 Grantmaker's Description of How Grants are Used Taxpayer does not make formal grants, but may give to other 501(c) orgs as memorial contributions for industry members, or to support the annual dinners of local trade associations. X X X X true true X X X X X X true true false Christie Boutte SVP Reimb, Advocacy & Innovation 365116 75000 14260 29000 30760 514136 Christopher P Krese SVP Congressional Relations & Com's 587051 112500 -5580 29000 46947 769918 David M Fitzsimmons SVP Finance 380500 175000 15408 29000 46696 646604 Dawn Worthington VP Human Resources 235500 35063 18282 25500 18577 332922 Don L Bell SVP Legal Affairs/General Counsel 617909 30338 648247 James A Whitman SVP Member Programs/Services 692425 352197 87848 29000 38445 1199915 Kathleen Jaeger SVP Pharmacy Care/President FDN 302449 10820 22816 14444 350529 Kevin Nicholson VP Regulatory Aff 291000 39625 26606 29000 18699 404930 Mary Ellen Kleiman VP Legal Affairs 356251 49219 21072 29000 4266 459808 Michael Ayotte SVP Pharmacy Transform & Advocacy 291308 64453 25616 29000 17609 427986 Sandra Kay Guckian VP State Govt 249000 32656 25746 27500 19666 354568 Sara Roszak SVP Health & Wellness Strategy 237981 56250 31071 27698 47556 400556 Steven C AndersonFASAECAE President & CEO 1456545 2415470 94176 669452 35429 4671072 1174000 Terrance Arth VP Member Programs 306500 40750 18689 29000 44286 439225 Thomas O'Donnell SVP Government Affairs 495677 3817 7405 26987 533886 Part I, Line 1a: Relevant information in regards to selections on 1a. Additional Information for Sch J, Part I Questions:First Class travel is allowed for the CEO for longer flights (per employment contract), and is used sparingly.Companion travel is rare, and when it does occur, it is included as taxable income on the employee's W-2, unless there is a bona fide business purpose.Tax gross up is used when paying a deferred comp. payment from the Supplemental Executive Retirement Plan.Health Club dues are reimbursed up to $250 per year and are included on the employee's W-2. Form 990, Part III, Line 3: Ceased Conducting or Significant Changes To Services As a result of the continuing COVID-19 pandemic in 2021, all Meetings and Conferences were held virtually, as opposed to in-person. This was a one-time exception, and Meetings and Conferences should return to in-person events in 2022. Form 990, Part III, Line 4d: Other Program Services Description OTHER PROGRAM SERVICES 4: PHARMACY OPERATIONS AND PATIENT CARE PROGRAMS - Various programs to demonstrate and communicate the value of pharmacy services in improving health outcomes and lowering overall healthcare costs. Includes working with other allied trade associations and state boards of pharmacy to address pharmacy practices and professional issues which affect chain drug store operations. Also provide online educational courses for pharmacists. OTHER PROGRAM SERVICES 5: OTHER PROGRAM SERVICES - Various other services to members including regulatory guidance on industry issues, legal support on industry matters, membership directory, public relations and communications, and front-end retail support. Form 990, Part VI, Line 1a: Explanation of Delegated Broad Authority to Committee The NACDS Executive Committee has the authority to act on behalf of the NACDS Board between board meetings. This authority is granted in the taxpayer's bylaws. Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et Business Relationships among the Board: In three instances, two board members represented the same member company: Walgreens- Alex Gourlay and John Standley; Rite Aid- Jim Peters and Jocelyn Konrad; Walmart- Lori Flees and John McDowell. Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder Classes of Membership- Membership in The Corporation is divided into three classes: Active, Associate, and International.Active Members- Any person, firm, or corporation engaged in operating for-profit retail drug stores or other for-profit community retail pharmacies shall be eligible for Active Membership in The Corporation, including operators of four or more for-profit retail drug stores or other for-profit community retail pharmacies that are subsidiaries of, owned by, or directly or indirectly controlled by a not-for-profit organization. Associate Members- Any person, firm, corporation, or organization actively engaged in supplying goods or services to the profession of pharmacy, the drug industry, retail drug stores or other for-profit community retail pharmacies shall be eligible for Associate Membership in The Corporation. International Members- Any person, firm, corporation, or organization located in and organized under the laws of a jurisdiction outside of the United States and engaged in operating for-profit retail drug stores or other for-profit community retail pharmacies or actively engaged in supplying goods or services to the profession of pharmacy, drug industry, retail drug stores or other for-profit community retail pharmacies shall be eligible for International Membership. Form 990, Part VI, Line 11b: Form 990 Review Process A copy of the form 990 is made available to the Directors for their review prior to filing. The Directors are instructed to contact the SVP Finance if they have any questions regarding the return. After a reasonable period of time, the forms are filed if there are no further questions. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts The organization's conflict of interest policies require officers, directors and employees to notify the taxpayer of any conflicts. In order to monitor and enforce compliance with the policy, directors are reminded of the policy at every Board meeting and Executive Committee meeting. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees Form 990 Executive Compensation:Q15a. Taxpayer has a Human Resources Committee of the Board of Directors for review, discussion and approval of the CEO's salary and annual performance-based bonus award. The CEO's compensation is benchmarked annually by an independent compensation analysis firm that uses appropriate comparable data from other organizations of similar size and geographic location, including 990's of other organizations and compensation studies. The data and analysis is provided to the Committee. Records of the process and the resulting determination are kept within the Committee meeting minutes.Q15b. Taxpayer uses comparable compensation data to benchmark other officers and key employees of the organization. An independent compensation analysis firm is utilized to routinely review and compare our established, board-approved compensation program with comparable organizations of similar size and geographic region. The Human Resources Committee of the Board of Directors reviews and discusses compensation for officers and key employees. The President & CEO has the final authority on other officers and key employees compensation. Records of the process and the resulting determination are kept within the Committee meeting minutes. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available The taxpayer's governing documents, conflict of interest policy, and audited financial statements are available to the general public upon request. Other Changes In Net Assets Or Fund Balances - Other Decreases Misc Adjustment = -$445 Balance Sheet - Other Assets Explanation Included in Other Assets on the Balance Sheet is a $1.9 million investment in Surescripts,LLC. One aspect of Surescripts' business is transmission of electronic prescriptions. Taxpayer made an investment in Surescripts to help it initially get started. Taxpayer owns approximately 25% of Surescripts, but does not exercise significant control over Surescripts operations. The investment is shown at original cost, less a valuation allowance. Part VII, Section A, Column B - Hours for Related Organizations Kathleen Jaeger spent approximately 15 hrs per week supporting NACDS Foundation- a related organization, as President of the NACDS Foundation. Sara Roszak became President of the Foundation in June 2021 and spent approximately 15 hours per week on Foundation matters. David M. Fitzsimmons spent approximately 2 hrs per week on NACDS Foundation administration. Steven C. Anderson spent approximately one hour per week overseeing Foundation activities as Chairman of the NACDS Foundation. NACDS Foundation Inc 1776 Wilson Blvd Suite 200 Arlington VA 22209 510144922 501(C)(3) Supporting Organization VA 501(C)(3) Type 1 Supporting National Assn of Chain Drug Stores Inc true NACDS Political Action Committee 1776 Wilson Blvd Suite 200 Arlington VA 22209 541603961 Political Action Committee VA 527 National Assn of Chain Drug Stores Inc true false false false false false false false false false false false false false true true false true false false NACDS Foundation Inc n 32181 Actual Cost NACDS Foundation Inc o 255203 Actual Cost NACDS Foundation Inc q 53387 Actual Cost Relationship with Other Orgs Taxpayer and another 501(c)(6) org. each appoint 50% of the Board of a 3rd 501(c)(6) org.- The Institute for the Advancement of Community Pharmacy, Inc. (Tax ID# 54-1924721). Though this does not qualify under the Sch. R definition of control, taxpayer and the other 501(c)(6) support this 3rd organization by reimbursing its operating expenses, and by providing staff support free of charge.