Connecticut Pharmaceutical Association
- Assets
- $223.3k
- Revenue
- $364.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Rocky Hill, CT
- Founding
- 02/1965
- Data as of
- 06/2022
- EIN
- 06-0787984
Organization Overview
Connecticut Pharmaceutical Association is located in Rocky Hill, CT. The organization was established in 1965. According to its NTEE Classification (A01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Connecticut Pharmaceutical Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Connecticut Pharmaceutical 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 06/2022, Connecticut Pharmaceutical Association generated $364.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $448.7k during the year ending 06/2022. 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 MISSION OF THE CONNECTICUT PHARMACISTS ASSOCIATION IS TO ADVANCE THE PRACTICE AND INTEREST OF PHARMACY IN THE STATE OF CONNECTICUT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THERE ARE APPROXIMATELY 1200 MEMBERS SERVED BY THE ASSOCIATION. THE ASSOCIATION KEEPS ITS MEMBERSHIP ABREAST OF CHANGES IN PHARMACY BY HOLDING CONVENTIONS, PUBLISHING A NEWSLETTER AND PROVIDING CONTINUING EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathan Tinker CEO | OfficerTrustee | 40 | $158,923 |
Julian Koruni 1st Vice Pre | OfficerTrustee | 1 | $0 |
Adam Krakowiak Treasurer | OfficerTrustee | 1 | $0 |
Rob Picone Immed Past P | OfficerTrustee | 1 | $0 |
Marissa Salvo President | OfficerTrustee | 1 | $0 |
Lydia Tran President-El | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $90,744 |
| 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 | $90,744 |
| Total Program Service Revenue | $228,069 |
| Investment income | $5,461 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,863 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $364,792 |
| 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. | $158,923 |
| Compensation of current officers, directors, key employees. | $15,892 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $59,747 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,879 |
| Payroll taxes | $18,139 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,320 |
| Fees for services: Lobbying | $50,742 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $11,476 |
| Information technology | $26,092 |
| Royalties | $0 |
| Occupancy | $8,574 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,025 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $892 |
| Insurance | $4,125 |
| All other expenses | $0 |
| Total functional expenses | $448,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,491 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,154 |
| 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 | $521 |
| Investments—publicly traded securities | $193,168 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $223,334 |
| Accounts payable and accrued expenses | $74,331 |
| 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 | $158,109 |
| Other liabilities | $8,073 |
| Total liabilities | $240,513 |
| 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 | -$17,179 |
| Total liabilities and net assets/fund balances | $223,334 |
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