Minnesota Society Of Health-System Pharmacists
- Assets
- $616.6k
- Revenue
- $241.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Minnetonka, MN
- Founding
- 06/1982
- Data as of
- 12/2021
- EIN
- 41-1401022
Organization Overview
Minnesota Society Of Health-System Pharmacists is located in Minnetonka, MN. The organization was established in 1982. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Society Of Health-System Pharmacists 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, Minnesota Society Of Health-System Pharmacists generated $241.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $255.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 7 years. 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 HELP PEOPLE ACHIEVE OPTIMAL HEALTH OUTCOMES THROUGH SUPPORT AND ADVANCEMENT OF THE PROFESSIONAL PRACTICE OF PHARMACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED FOUR VIRTUAL CONTINUING EDUCATION CONFERENCES FOR PHARMACISTS, TECHNICIANS, PHARMACY RESIDENTS AND STUDENTS IN 2021. THERE WERE 166 ATTENDEES AT THE ANNUAL CONFERENCE, 171 ATTENDEES AT THE NORTH STAR PHARMACY RESIDENTS CONFERENCE, 220 AT THE MIDYEAR CLINICAL MEETING, AND 57 AT THE PHARMACY TECHNICIAN CONFERENCE. MSHP HAS THREE TASK FORCES IN PLACE TO CARRY OUT THE BOARD'S STRATEGIC AGENDA INCLUDING: OPERATIONAL EXECUTIVE TASK FORCE, ADVOCACY & PRACTICE TASK FORCE, AND MEMBER VALUE TASK FORCE - ADVOCATE ON BEHALF OF HEALTH-SYSTEM PHARMACY MEMBERS REGARDING LEGISLATIVE AND REGULATORY ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Ditmore President | OfficerTrustee | 2 | $0 |
Garrett Schramm President Elect | OfficerTrustee | 1 | $0 |
Jessica Swearingen Past President | OfficerTrustee | 1 | $0 |
Mallory Snyder Treasurer | OfficerTrustee | 2 | $0 |
Megan Sandgren Secretary | OfficerTrustee | 1 | $0 |
Marcy Peterson Executive Director | Officer | 40 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $213,100 |
| Investment income | $21,524 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $7,065 |
| 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 | $241,689 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,750 |
| 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 | $123,444 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $20,250 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,546 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,651 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $72,802 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,172 |
| All other expenses | $0 |
| Total functional expenses | $255,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $111,586 |
| Savings and temporary cash investments | $504,091 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $875 |
| Total assets | $616,552 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $2,370 |
| Total liabilities | $2,370 |
| Net assets without donor restrictions | $614,182 |
| 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 | $616,552 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grand Itasca Clinic And Hospital Grand Rapids, MN | $71,663,098 | $103,118,780 |
Childrens Medical Group Inc Milwaukee, WI | $31,763,307 | $95,855,814 |
Wheaton Franciscan Healthcare-Franklin Inc Franklin, WI | $0 | $93,223,404 |
Oconto Hospital & Medical Center Inc Oconto, WI | $60,351,775 | $89,949,805 |
Tomah Memorial Hospital Inc Tomah, WI | $122,784,056 | $81,760,815 |
Deer River Health Care Center Inc Deer River, MN | $45,625,838 | $43,385,776 |
United Hospital District Inc Blue Earth, MN | $51,620,519 | $43,623,403 |
Centracare Health System Sauk Centre Sauk Centre, MN | $63,807,230 | $38,896,016 |
Essentia Health Moose Lake Moose Lake, MN | $67,296,296 | $51,236,732 |
Morgridge Institute For Researchinc Madison, WI | $39,159,232 | $31,260,275 |
Spooner Health System Inc Spooner, WI | $66,862,131 | $29,208,258 |
Avera Granite Falls Granite Falls, MN | $28,331,941 | $28,529,564 |