Iowa Pharmacy Association
- Assets
- $1.3m
- Revenue
- $1.4m
- Investments
- $91.4k
- Employees
- 15
- Location
- Des Moines, IA
- Founding
- 01/1945
- Data as of
- 12/2021
- EIN
- 42-0333952
Organization Overview
Iowa Pharmacy Association is located in Des Moines, IA. The organization was established in 1945. As of 12/2021, Iowa Pharmacy Association employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iowa Pharmacy 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, Iowa Pharmacy Association generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.3%) 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
THE IOWA PHARMACY ASSOCIATION EMPOWERS THE PHARMACY PROFESSION TO IMPROVE HEALTH OUTCOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEGISLATIVE SUPPORT: IN 2021, IPA WORKED ON LEGISLATIVE PRIORITIES INCLUDING TEST AND TREAT STATEWIDE PROTOCOLS THAT ALLOW PHARMACISTS TO PERFORM POINT-OF-CARE TESTS AND PRESCRIBE APPROPRIATE TREATMENT FOR INFLUENZA, STREP AND COVID. IPA ALSO ADVOCATED FOR BROAD PHARMACIST COLLABORATIVE PRACTICE AUTHORITY AND DELEGATION OF IMMUNIZATION ADMINISTRATION TO CERTIFIED PHARMACY TECHNICIANS.
ANNUAL MEETING: APPROXIMATELY 174 PEOPLE ATTENDED THE IPA ANNUAL MEETING TO INSTALL OFFICERS, REPORT ON CURRENT AND PRIOR YEAR'S ACTIVITIES, DISCUSS TOPICS OF CURRENT INTEREST, ADOPT PROFESSIONAL POLICIES, AND RECOGNIZE ANNUAL AWARD RECIPIENTS.
PUBLICATIONS: DURING 2021, APPROXIMATELY 5,853 COPIES OF THE IPA'S QUARTERLY JOURNAL WERE DISTRIBUTED TO MEMBERS IN THE MAIL AND VIA E-MAIL. AN ANNUAL REPORT WAS PUBLISHED AND SENT TO THE IPA MEMBERSHIP. ALSO APPROXIMATELY 630 LAW MANUALS AND LAW UPDATES WERE DISTRIBUTED VIA THE ONLINE SUBSCRIPTION TO THE LAW AND INFORMATION RESOURCE CENTER ON OUR WEBSITE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kate Gainer Executive VP | Officer | 40 | $173,413 |
Diane Reist Chairman Of | OfficerTrustee | 2 | $0 |
Christopher Clayton President | OfficerTrustee | 2 | $0 |
Cheri Schmit President-El | OfficerTrustee | 2 | $0 |
Coralynn Trewet Treasurer | OfficerTrustee | 2 | $0 |
Connie Connolly Left Sept 2021 Past Chair O | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $128,562 |
| All other contributions, gifts, grants, and similar amounts not included above | $355,863 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $484,425 |
| Total Program Service Revenue | $559,489 |
| Investment income | $19,636 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $29,193 |
| 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 | $1,421,685 |
| 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. | $197,019 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $516,806 |
| Pension plan accruals and contributions | $15,159 |
| Other employee benefits | $29,861 |
| Payroll taxes | $54,903 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,900 |
| Fees for services: Lobbying | $36,259 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,153 |
| Fees for services: Other | $16,340 |
| Advertising and promotion | $8,754 |
| Office expenses | $88,932 |
| Information technology | $7,728 |
| Royalties | $0 |
| Occupancy | $24,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $84,653 |
| Interest | $1,385 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,942 |
| Insurance | $0 |
| All other expenses | $26,465 |
| Total functional expenses | $1,256,303 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $407,180 |
| Pledges and grants receivable | $128,562 |
| Accounts receivable, net | $94,870 |
| 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 | $119,954 |
| Net Land, buildings, and equipment | $25,971 |
| Investments—publicly traded securities | $404,252 |
| Investments—other securities | $91,415 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,272,304 |
| Accounts payable and accrued expenses | $62,152 |
| Grants payable | $0 |
| Deferred revenue | $217,074 |
| 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 | $152,217 |
| Other liabilities | $107,109 |
| Total liabilities | $538,552 |
| Net assets without donor restrictions | $733,752 |
| 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 | $1,272,304 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Iowa Pharmacy Association has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Rx Abuse Leadership Initiative Washington, DC PURPOSE: TO SUPPORT THE CAMPAIGN ADDRESSING THE CURRENT OPIOID CRISIS | $5,000 |
Pharmacy Technician Certification Board Washington, DC PURPOSE: TO ADVANCE PHARMACY TECHNICIANS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Botsford Continuing Care Corporation Southfield, MI | $28,554,348 | $16,692,642 |
Chicot Memorial Medical Center Lake Village, AR | $20,694,512 | $22,104,345 |
St Francis Medical Center Breckenridge, MN | $127,422,671 | $26,046,876 |
Family Healthcare Center Fargo, ND | $19,243,943 | $21,017,567 |
Aca-Cleveland Area Hospital Cleveland, OK | $13,002,465 | $20,101,760 |
Midmichigan Health Services Houghton Lake, MI | $14,679,039 | $20,215,598 |
Big Horn Hospital Association Hardin, MT | $27,628,151 | $22,821,306 |
Borgess Health Alliance Inc St Louis, MO | $46,781,570 | $6,896,966 |
Illinois Primary Health Care Association Springfield, IL | $11,577,545 | $20,459,063 |
Mountain Family Health Centers Glenwood Springs, CO | $12,157,748 | $21,955,122 |
Covenant Homecare Knoxville, TN | $2,451,607 | $17,855,047 |
Livingston Hospital And Healthcare Services Inc Salem, KY | $11,764,039 | $22,423,570 |