Ncpa Innovation Center
- Assets
- $545.0k
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- 02/2017
- Data as of
- 06/2022
- EIN
- 37-1841962
Organization Overview
Ncpa Innovation Center is located in Alexandria, VA. The organization was established in 2017. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ncpa Innovation Center 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, Ncpa Innovation Center generated $1.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $1.8m during the year ending 06/2022. While expenses have increased by 0.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE, FURTHER AND ADVANCE THE COMMON BUSINESS INTERESTS OF COMMUNITY PHARMACIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRACTICE TRANSFORMATION/EDUCATION OPPORTUNITIES - WHETHER YOU ARE A PHARMACY OWNER, STAFF PHARMACIST, OR PHARMACY TECHNICIAN, NCPA CAN HELP YOU MEET YOUR CONTINUING EDUCATION REQUIREMENTS THROUGH A MIX OF LIVE AND ONLINE CE ACTIVITIES.
CDC DPP - UTILIZE PHARMACIST AND PHARMACY TECHNICIANS TO RECRUIT AND ENROLL UNDERSERVED PATIENTS INTO THE NATIONAL DPP LIFESTYLE CHANGE PROGRAM THROUGH MEDICATION SYNCHRONIZATION, IMMUNIZATIONS, AND OTHER INNOVATIVE PATIENT CARE SERVICES.
OWNERSHIP WORKSHOP - THE NCPA INNOVATION CENTER OFFERS A PROVEN RESOURCE JUST FOR YOU: IT'S AN INTENSIVE THREE-DAY EVENT FOR PHARMACISTS CONSIDERING PHARMACY OWNERSHIP OR CURRENT OWNERS LOOKING TO POLISH THEIR MANAGEMENT SKILLS. IT'S A SOUP-TO-NUTS CRASH COURSE ON PHARMACY OWNERSHIP, WHETHER YOU'RE STARTING FROM THE GROUND UP, PURCHASING AN EXISTING STORE, OR EXPANDING TO BECOME A MULTI-STORE OWNER. OUR TEAM OF EXPERTS ANSWER THE NITTY-GRITTY QUESTIONS ABOUT THE LOAN APPROVAL PROCESS, LICENSURE AGREEMENTS, CREATING A START-UP CHECKLIST, WRITING A BUSINESS PLAN, DESIGNING AN EFFECTIVE STORE LAYOUT, AND MUCH MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Hoey Chairman | OfficerTrustee | 2 | $0 |
Kurt Proctor President | OfficerTrustee | 24 | $143,881 |
Amina Abubakar Trustee | Trustee | 2 | $0 |
Parmjit Pj Agarwal Trustee | Trustee | 2 | $0 |
Michele Belcher Trustee | Trustee | 2 | $0 |
Jeff Carson Trustee | Trustee | 2 | $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 | $61,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,000 |
| Total Program Service Revenue | $1,826,149 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $75 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,907,224 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,845 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,300,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,899 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $199,499 |
| Advertising and promotion | $0 |
| Office expenses | $13,771 |
| Information technology | $45,350 |
| Royalties | $18,650 |
| Occupancy | $0 |
| Travel | $15,655 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $120,953 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,785,483 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135,166 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $361,706 |
| 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 | $48,110 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $544,982 |
| Accounts payable and accrued expenses | $83,036 |
| Grants payable | $0 |
| Deferred revenue | $432,180 |
| 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 | $639,808 |
| Total liabilities | $1,155,024 |
| Net assets without donor restrictions | -$610,042 |
| 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 | $544,982 |