Michigan Pharmacists Association
- Assets
- $7.2m
- Revenue
- $2.5m
- Investments
- $224.8k
- Employees
- 27
- Location
- Lansing, MI
- Founding
- 05/1994
- Data as of
- 12/2021
- EIN
- 38-0830740
Organization Overview
Michigan Pharmacists Association is located in Lansing, MI. The organization was established in 1994. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2021, Michigan Pharmacists Association employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michigan 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 12/2021, Michigan Pharmacists Association generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $2.3m during the year ending 12/2021. While expenses have increased by 1.4% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO REPRESENT THE PHARMACY PROFESSION FOR ADVANCING PUBLIC HEALTH AND PATIENT CARE IN MI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ADVANCE PUBLIC HEALTH AND PATIENT CARE AND THE INTERESTS OF THE PHARMACY PROFESSION. SERVES APPROXIMATELY 3,500 PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dianne Malburg COO (ended May 2021) | Officer | 36.25 | $234,664 |
Mark Glasper Chief Executive Officer | OfficerTrustee | 36.25 | $172,515 |
Ronald Devers Agency Manager | 36.25 | $155,824 | |
Farah Jalloul Director Of Prof. Developm | 36.25 | $140,491 | |
Mike Crowe President-Elect | Officer | 5 | $0 |
Katie Axford Speaker | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $425,008 |
| 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 | $425,008 |
| Total Program Service Revenue | $1,934,207 |
| Investment income | $4,473 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $12,746 |
| Net Rental Income | $13,580 |
| Net Gain/Loss on Asset Sales | $142,528 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,532,542 |
| 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. | $440,378 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $587,069 |
| Pension plan accruals and contributions | $20,265 |
| Other employee benefits | $44,169 |
| Payroll taxes | $91,222 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,441 |
| Fees for services: Accounting | $90,590 |
| Fees for services: Lobbying | $56,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $42,113 |
| Fees for services: Other | $599 |
| Advertising and promotion | $0 |
| Office expenses | $182,679 |
| Information technology | $12,324 |
| Royalties | $0 |
| Occupancy | $108,267 |
| Travel | $41,697 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $39,124 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $86,729 |
| Insurance | $54,967 |
| All other expenses | $2,116 |
| Total functional expenses | $2,260,333 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $262,415 |
| Pledges and grants receivable | $820,000 |
| Accounts receivable, net | $223,093 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,838 |
| Prepaid expenses and deferred charges | $59,297 |
| Net Land, buildings, and equipment | $1,500,687 |
| Investments—publicly traded securities | $1,144,387 |
| Investments—other securities | $224,773 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,983,868 |
| Total assets | $7,222,458 |
| Accounts payable and accrued expenses | $142,706 |
| Grants payable | $0 |
| Deferred revenue | $311,468 |
| 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 | $454,174 |
| Net assets without donor restrictions | $6,747,604 |
| Net assets with donor restrictions | $20,680 |
| 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 | $7,222,458 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Michigan Pharmacists Association has recieved totaling $820,000.
| Awarding Organization | Amount |
|---|---|
Pharmacy Technician Certification Board Washington, DC PURPOSE: TO ADVANCE PHARMACY TECHNICIANS | $820,000 |
Endowment Analysis
| Beg. Balance | $35,797 |
| Earnings | $1,491 |
| Net Contributions | $29,955 |
| Grants | $3,000 |
| Ending Balance | $64,243 |