Michigan Pharmacists Association
- Assets
- $7.5m
- Revenue
- $2.7m
- Investments
- $224.8k
- Employees
- 21
- Location
- Lansing, MI
- Founding
- 05/1994
- Data as of
- 12/2023
- 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 12/2023, Michigan Pharmacists Association employed 21 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 12/2023, Michigan Pharmacists Association generated $2.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $2.4m during the year ending 12/2023. While expenses have increased by 2.0% per year over the past 9 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
2023
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 |
|---|---|---|---|
Angela Faszczewski Director | Trustee | 5 | $0 |
Jamie Tharp Director | Trustee | 5 | $0 |
Ryan Greenley Director | Trustee | 5 | $0 |
John Clark Director | Trustee | 5 | $0 |
Maria Young Director | Trustee | 5 | $0 |
Ryan Moore Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $204,673 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,249 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $218,922 |
| Total Program Service Revenue | $2,114,530 |
| Investment income | $267,848 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,434 |
| Net Rental Income | $51,504 |
| Net Gain/Loss on Asset Sales | $50,854 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,708,092 |
| 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. | $209,345 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $882,456 |
| Pension plan accruals and contributions | $39,998 |
| Other employee benefits | $114,176 |
| Payroll taxes | $90,488 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,633 |
| Fees for services: Accounting | $26,837 |
| Fees for services: Lobbying | $16,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,590 |
| Fees for services: Other | $23,999 |
| Advertising and promotion | $1,033 |
| Office expenses | $141,043 |
| Information technology | $127,621 |
| Royalties | $0 |
| Occupancy | $129,941 |
| Travel | $169,290 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $126,377 |
| Interest | $23,095 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $132,541 |
| Insurance | $28,883 |
| All other expenses | $0 |
| Total functional expenses | $2,446,086 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $140,973 |
| Pledges and grants receivable | $820,000 |
| Accounts receivable, net | $202,384 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,120 |
| Prepaid expenses and deferred charges | $47,005 |
| Net Land, buildings, and equipment | $1,461,025 |
| Investments—publicly traded securities | $1,112,231 |
| Investments—other securities | $224,773 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,446,777 |
| Total assets | $7,457,388 |
| Accounts payable and accrued expenses | $79,475 |
| Grants payable | $0 |
| Deferred revenue | $268,006 |
| 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 | $243,421 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $590,902 |
| Net assets without donor restrictions | $6,845,806 |
| 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 | $7,457,388 |