National Association Of Chain Drug Stores Foundation
- Assets
- $10.7m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Arlington, VA
- Founding
- 03/2006
- Data as of
- 12/2021
- EIN
- 51-0144922
Organization Overview
National Association Of Chain Drug Stores Foundation is located in Arlington, VA. The organization was established in 2006. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, 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. National Association Of Chain Drug Stores Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, National Association Of Chain Drug Stores Foundation generated $2.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, National Association Of Chain Drug Stores Foundation has awarded 92 individual grants totaling $4,803,591. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ENHANCED ENGAGEMENT IN GROUND-BREAKING RESEARCH AND EDUCATIONAL INITIATIVES THAT BENEFIT PATIENTS, IMPROVES OUTCOMES, AND ADVANCES PUBLIC HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH: THE NACDS FOUNDATION PROVIDES FUNDING FOR PROJECTS THAT ADVANCE ITS MISSION TO IMPROVE THE HEALTH AND WELLNESS OF THOSE LIVING IN THE U.S. THROUGH MEDICATION MANAGEMENT AND RELATED INTERVENTIONS. THROUGH GRANTMAKING, IT SEEKS TO IMPROVE THE HEALTH AND WELFARE OF PATIENTS. THE NACDS FOUNDATION FUNDED 4 RESEARCH GRANTS IN 2021.
CHARITABLE OUTREACH: THE NACDS FOUNDATION GIVES PRIORITY TO THOSE CHARITABLE ORGANIZATIONS WHERE MEDICATION INITIATIVES AND RELATED RESEARCH CAN HAVE A POSITIVE IMPACT ON THE HEALTH OF PATIENTS. THE LARGEST SHARE OF ITS ANNUAL CONTRIBUTIONS BUDGET IS ALLOCATED TO PROGRAMS THAT ADDRESS THE HEALTH NEEDS OF PATIENTS, AND CHARITABLE COMMUNITY OUTREACH INITIATIVES. IN 2021, THE NACDS FOUNDATION DONATED OR PROVIDED GRANTS TO 5 CHARITABLE ORGANIZATIONS.
PROGRAMS STAFFING: THE SUPPORTED ORGANIZATION - NATIONAL ASSOCIATION OF CHAIN DRUG STORES, INC., PROVIDES STAFF TO THE TAXPAYER TO ADMINISTER THE TAXPAYER'S CHARITABLE GIVING, SCHOLARSHIP AWARDS, RESEARCH, AND OTHER PROGRAMS. THE TAXPAYER REIMBURSES THE SUPPORTED ORGANIZATION FOR THE COST OF THIS STAFF TIME UNDER THE TERMS OF A SERVICES AGREEMENT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven C Anderson Fasae Cae Chairman | OfficerTrustee | 1 | $0 |
Kathleen Jaeger President | Officer | 15 | $0 |
Sara Roszak President | Officer | 15 | $0 |
David M Fitzsimmons Treasurer | Officer | 2 | $0 |
Kala Shankle Secretary | Officer | 1 | $0 |
Eileen Howard Boone Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Leading Authorities Speaker Fee | 12/30/19 | $185,178 |
Leavitt Partners Llc Research & Consulting | 12/30/19 | $135,935 |
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 | $1,278,533 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,278,533 |
| Total Program Service Revenue | $42,411 |
| Investment income | $347,025 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $737,155 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,405,124 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $591,932 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $214,031 |
| Pension plan accruals and contributions | $25,684 |
| Other employee benefits | $2,098 |
| Payroll taxes | $12,841 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,777 |
| Fees for services: Accounting | $12,560 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $300 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,093 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,307 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,130,730 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,505,247 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $165,975 |
| 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 | $34,730 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $8,992,998 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,698,950 |
| Accounts payable and accrued expenses | $124,287 |
| 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 | $0 |
| Total liabilities | $124,287 |
| Net assets without donor restrictions | $9,372,898 |
| Net assets with donor restrictions | $1,201,765 |
| 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 | $10,698,950 |
Grants Awarded
Over the last fiscal year, National Association Of Chain Drug Stores Foundation has awarded $584,432 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
Chapel Hill, NC PURPOSE: Scholarship Awards | $150,000 |
Pittsburgh, PA PURPOSE: Scholarship Awards | $104,763 |
Pullman, WA | | $68,069 |
Arlington, VA PURPOSE: Children's Health | $50,000 |
UNIVERSITY OF MINNESOTA PURPOSE: Scholarship Awards | $50,000 |
ALZHEIMERS ASSOCIATION PURPOSE: Health research initiatives | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that National Association Of Chain Drug Stores Foundation has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Rite Aid Healthy Futures Camp Hill, PA PURPOSE: SUPPORT THE LOCAL HEALTH AND WELLNESS PROGRAM | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Medical Group Association Inc Alexandria, VA | $19,689,445 | $10,462,815 |
National Association Of Counties Research Foundation Washington, DC | $4,701,784 | $7,841,848 |
Disability In Alexandria, VA | $11,237,053 | $8,690,736 |
American Exploration & Production Council Inc Washington, DC | $3,854,447 | $3,454,624 |
Wake Forest Innovation Quarter Management Co Winstonsalem, NC | $76,176 | $0 |
Felix E Martin Jr Foundation Inc Louisville, KY | $76,641,628 | $5,817,946 |
Umb Health Sciences Research Park Corporation Baltimore, MD | $16,268,947 | $1,917,755 |
Appalachian Community Capital Corporation Christiansburg, VA | $27,470,921 | $2,186,125 |
Business Council Washington, DC | $16,313,197 | $5,445,513 |
Responsible Business Alliance Foundation Alexandria, VA | $1,775,206 | $1,733,955 |
Massanetta Springs Inc Harrisonburg, VA | $9,619,068 | $2,786,663 |
Commodity Market Council Washington, DC | $947,159 | $1,056,049 |