Texas Pharmacy Association FY2020 filing

Not tax-deductible

Austin, TX501(c)(6)EIN 74-1018202

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Advance practice of Pharmacy to enhance the delivery of quality health care to all texans

$238K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $590K a year · 25% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$238K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
20 mo
of spending, in cash
Looks good: 19.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$602K
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.5M
Spent
$1.3M
Net assets
$2.9M
By yearFY2020–FY2024
Revenue
$2.5M
FY2020
Revenue by fiscal year
FY2020$2.5M
FY2021$2.5M
FY2022$2.2M
FY2023$2.3M
FY2024$2.4M
Expenses
$1.3M
FY2020
Expenses by fiscal year
FY2020$1.3M
FY2021$1.9M
FY2022$1.7M
FY2023$2.0M
FY2024$2.1M
Net assets
$2.9M
FY2020
Net assets by fiscal year
FY2020$2.9M
FY2021$3.6M
FY2022$3.9M
FY2023$4.4M
FY2024$4.7M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1944.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

14 people listed on the 990; $238K paid to officers and key staff.

Part VII, Section A · reportable compensation
CEO/Secretary
$237,559Pt VII · Sec A
President - Elect
$0Pt VII · Sec A
Immediate Past President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Debbie Garza$250,791$285,264$258,030$298,796$237,559
Sarah Mai Nguyen$121,460$123,211———
Roxann Dominguez$81,627————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Texas Pharmacy Association executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Improves pharmacy practice to ensure all Texans receive quality healthcare.

Provided by the organization

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3 programs · in their own filed words · FY2020
01

The association has an annual conference with 379 attendees including pharmacists, student pharmacists, and pharmacy technicians to provide continuing pharmacy education sessions on hot topics, emerging trends, and OPPORTUNITIES/CHALLENGES for the pharmacy profession.

Pt IX · col B
02

The association engages in advocacy at the state level and informs members of developments in regulatory and legislative matters affecting the pharmacy profession.

Pt IX · col B
03

The board of directors, councils and committees serve members by coordinating educational programs, public relations efforts and group affinity programs.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$8K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$2.5M
Ln 12
Fees for servicesLn 2g$1.4M
Gifts and grantsLn 1h$857K
Other incomeLn 4–11$276K
Money outPt IX
$1.3M
Ln 25
Owns and owesPt X
$2.9M
net assets · Ln 32
Cash and savingsLn 1–2$2.1M
Total assetsLn 16$3.5M
LiabilitiesLn 26$602K
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$857K
Fees for servicesLn 2g$1.4M
Investment incomeLn 3$20K
Other incomeLn 4–11$276K
Gains on assetsLn 7−$6K
Total revenueLn 12$2.5M
Assets in detailPt X, end of year
CashLn 1$1.5M
SavingsLn 2$555K
Cash and savings togetherLn 1–2$2.1M
InvestmentsLn 11–13$542K
Land, buildings, equipmentLn 10c$800K
Other assetsLn 15$1K
Total assetsLn 16$3.5M
LiabilitiesLn 26$602K
Net assetsLn 32$2.9M
OperationsPt I, VI
EmployeesI 512
VolunteersI 6100
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$596K$2.1M
InvestmentsLn 11–13$551K$542K
Land, buildings, equipmentLn 10c$816K$800K
Total assetsLn 16$2.1M$3.5M
LiabilitiesLn 26$514K$602K
Net assetsLn 32$1.6M$2.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$238K
Other salaries and wagesLn 7$526K
Other employee benefitsLn 9$1K
Legal feesLn 11b$36K
Accounting feesLn 11c$36K
Lobbying feesLn 11d$70K
Investment management feesLn 11f$6K
Other fees for servicesLn 11g$20K
Advertising and promotionLn 12$403
Office expensesLn 13$72K
Information technologyLn 14$30K
OccupancyLn 16$54K
TravelLn 17$5K
Conferences, conventions and meetingsLn 19$59K
InterestLn 20$19K
Depreciation, depletion and amortizationLn 22$27K
InsuranceLn 23$7K
Other expenses (24a–d)Ln 24$59K
All other expensesLn 24e$1K
Total functional expensesLn 25$1.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.4M$2.1M$212K$4.7M 990 PDF
FY2023 $2.3M$2.0M$375K$4.4M 990 PDF
FY2022 $2.2M$1.7M$501K$3.9M 990 PDF
FY2021 $2.5M$1.9M$608K$3.6M 990 PDF
FY2020 Viewing $2.5M$1.3M$1.3M$2.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $2,519,983 across 7 lines filed
VIII-1f All other contributions, gifts and grants$856,954
VIII-1h Total contributions, gifts and grants$856,954
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,103,397 · Unrelated business $75,971 · Excluded from tax $187,465$1,366,833
VIII-3 Investment incomeExcluded from tax $25,890$25,890
VIII-5 RoyaltiesExcluded from tax $276,047$276,047
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$5,741−$5,741
VIII-12 Total revenueRelated to mission $1,103,397 · Unrelated business $75,971 · Excluded from tax $483,661$2,519,983
Part IX · Statement of functional expenses $1,266,719 across 19 lines filed
IX-5 Pay of current officers, directors and key staff$237,889
IX-7 Other salaries and wages$525,753
IX-9 Other employee benefits$1,214
IX-11b Legal fees$36,446
IX-11c Accounting fees$36,120
IX-11d Lobbying fees$69,926
IX-11f Investment management fees$6,332
IX-11g Other fees for services$19,604
IX-12 Advertising and promotion$403
IX-13 Office expenses$72,317
IX-14 Information technology$29,587
IX-16 Occupancy$53,784
IX-17 Travel$5,433
IX-19 Conferences, conventions and meetings$59,480
IX-20 Interest$19,324
IX-22 Depreciation, depletion and amortization$26,543
IX-23 Insurance$6,769
IX-24 Other expenses (24a–d)$58,578
IX-24e All other expenses$1,217
IX-25 Total functional expenses$1,266,719
Part X · Balance sheet $3,532,026 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $591,566$1,499,548
X-2 Savings and temporary cash investmentsStart of year $4,550$554,632
X-4 Accounts receivableStart of year $93,659$118,236
X-9 Prepaid expenses and deferred chargesStart of year $61,041$16,789
X-10c Land, buildings and equipment, netStart of year $815,858$799,651
X-11 Publicly traded securitiesStart of year $542,433$531,755
X-12 Other securitiesStart of year $8,988$10,030
X-15 Other assetsStart of year $610$1,385
X-16 Total assetsStart of year $2,118,705$3,532,026
X-17 Accounts payable and accrued expensesStart of year $67,974$82,735
X-19 Deferred revenueStart of year $37,284$136,456
X-25 Other liabilitiesStart of year $23,357$7,572
X-26 Total liabilitiesStart of year $514,358$601,827
X-27 Net assets without donor restrictionsStart of year $1,604,347$2,930,199
X-32 Total net assets or fund balancesStart of year $1,604,347$2,930,199
X-33 Total liabilities and net assetsStart of year $2,118,705$3,532,026
Part XI · Reconciliation of net assets $2,930,199 net assets at year end
XI-1 Total revenue$2,519,983
XI-2 Total expenses$1,266,719
XI-3 Revenue less expenses$1,253,264
XI-4 Net assets at start of year$1,604,347
XI-5 Net unrealized gains (losses) on investments$72,588
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,930,199

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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