Texas Pharmacy Association FY2021 filing

Not tax-deductible

Austin, TX501(c)(6)EIN 74-1018202Revenue $2.5M in FY2021

On file with the IRStexaspharmacy.org3200 Steck Ave Ste 370, 78757-8034 · Austin, TXTax-exempt since Dec 1944

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

$299K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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FY2021 · 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
$299K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
17 mo
of spending, in cash
Looks good: 16.9 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
$521K
13% of total assets
Looks good: liabilities are 13% 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
-1% vs prior year
Spent
$1.9M
Net assets
$3.6M
By yearFY2020–FY2024
Revenue
$2.5M
FY2021▼ -1%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.5M
FY2021$2.5M
FY2022$2.2M
FY2023$2.3M
FY2024$2.4M
Expenses
$1.9M
FY2021▲ +49%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.3M
FY2021$1.9M
FY2022$1.7M
FY2023$2.0M
FY2024$2.1M
Net assets
$3.6M
FY2021▲ +23%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.9M
FY2021$3.6M
FY2022$3.9M
FY2023$4.4M
FY2024$4.7M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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; $299K paid to officers and key staff.

Part VII, Section A · reportable compensation
CEO/Secretary
$298,796Pt 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
President
$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.

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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.

Questions for Texas Pharmacy Association

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Provided by the organization

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3 programs · in their own filed words · FY2021
01

The association has an annual conference with 296 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$2.5M
Ln 12
Fees for servicesLn 2g$2.0M
Other incomeLn 4–11$274K
Gifts and grantsLn 1h$193K
Money outPt IX
$1.9M
Ln 25
Owns and owesPt X
$3.6M
net assets · Ln 32
Cash and savingsLn 1–2$2.6M
Total assetsLn 16$4.1M
LiabilitiesLn 26$521K
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$193K
Government grantsLn 1e$119K
Fees for servicesLn 2g$2.0M
Investment incomeLn 3$50K
Other incomeLn 4–11$274K
Gains on assetsLn 7$17K
Total revenueLn 12$2.5M
Assets in detailPt X, end of year
CashLn 1$2.1M
SavingsLn 2$555K
Cash and savings togetherLn 1–2$2.6M
InvestmentsLn 11–13$534K
Land, buildings, equipmentLn 10c$774K
Other assetsLn 15$0
Total assetsLn 16$4.1M
LiabilitiesLn 26$521K
Net assetsLn 32$3.6M
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 FY21End FY21
Cash and savingsLn 1–2$2.1M$2.6M
InvestmentsLn 11–13$542K$534K
Land, buildings, equipmentLn 10c$800K$774K
Total assetsLn 16$3.5M$4.1M
LiabilitiesLn 26$602K$521K
Net assetsLn 32$2.9M$3.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$299K
Other salaries and wagesLn 7$516K
Pension plan contributionsLn 8$13K
Other employee benefitsLn 9$530
Legal feesLn 11b$175
Accounting feesLn 11c$22K
Lobbying feesLn 11d$427K
Investment management feesLn 11f$18K
Other fees for servicesLn 11g$22K
Advertising and promotionLn 12$9K
Office expensesLn 13$66K
Information technologyLn 14$30K
OccupancyLn 16$65K
TravelLn 17$423
Conferences, conventions and meetingsLn 19$291K
InterestLn 20$15K
Depreciation, depletion and amortizationLn 22$26K
InsuranceLn 23$7K
Other expenses (24a–d)Ln 24$55K
Total functional expensesLn 25$1.9M

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 Viewing $2.5M$1.9M$608K$3.6M 990 PDF
FY2020 $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 FY2021 990 (6 parts)
Part I · Summary $2,489,721 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $856,954$192,750
I-9 Program service revenuePrior year $1,366,833$1,973,135
I-10 Investment incomePrior year $20,149$49,721
I-11 Other revenuePrior year $276,047$274,115
I-12 Total revenuePrior year $2,519,983$2,489,721
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $764,856$828,998
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $501,863$1,052,946
I-18 Total expensesPrior year $1,266,719$1,881,944
I-19 Revenue less expensesPrior year $1,253,264$607,777
Part VI · Governance 13 of 13 board members independent, no flags
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,489,721 across 9 lines filed
VIII-1e Government grants$118,700
VIII-1f All other contributions, gifts and grants$74,050
VIII-1h Total contributions, gifts and grants$192,750
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,409,321 · Unrelated business $63,860 · Excluded from tax $499,954$1,973,135
VIII-3 Investment incomeExcluded from tax $33,177$33,177
VIII-5 RoyaltiesExcluded from tax $270,360$270,360
VIII-7 Net gain or loss on sales of assetsExcluded from tax $16,544$16,544
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,755$3,755
VIII-12 Total revenueRelated to mission $1,413,076 · Unrelated business $63,860 · Excluded from tax $820,035$2,489,721
Part IX · Statement of functional expenses $1,881,944 across 19 lines filed
IX-5 Pay of current officers, directors and key staff$299,126
IX-7 Other salaries and wages$516,103
IX-8 Pension plan contributions$13,239
IX-9 Other employee benefits$530
IX-11b Legal fees$175
IX-11c Accounting fees$22,010
IX-11d Lobbying fees$426,612
IX-11f Investment management fees$17,862
IX-11g Other fees for services$21,664
IX-12 Advertising and promotion$9,046
IX-13 Office expenses$65,996
IX-14 Information technology$29,790
IX-16 Occupancy$65,394
IX-17 Travel$423
IX-19 Conferences, conventions and meetings$291,118
IX-20 Interest$14,564
IX-22 Depreciation, depletion and amortization$26,121
IX-23 Insurance$6,826
IX-24 Other expenses (24a–d)$55,345
IX-25 Total functional expenses$1,881,944
Part X · Balance sheet $4,115,676 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $1,499,548$2,090,854
X-2 Savings and temporary cash investmentsStart of year $554,632$554,723
X-4 Accounts receivableStart of year $118,236$147,118
X-9 Prepaid expenses and deferred chargesStart of year $16,789$15,468
X-10c Land, buildings and equipment, netStart of year $799,651$773,530
X-11 Publicly traded securitiesStart of year $531,755$523,953
X-12 Other securitiesStart of year $10,030$10,030
X-15 Other assetsStart of year $1,385$0
X-16 Total assetsStart of year $3,532,026$4,115,676
X-17 Accounts payable and accrued expensesStart of year $82,735$74,982
X-19 Deferred revenueStart of year $136,456$96,125
X-25 Other liabilitiesStart of year $7,572$11,397
X-26 Total liabilitiesStart of year $601,827$521,150
X-27 Net assets without donor restrictionsStart of year $2,930,199$3,594,526
X-32 Total net assets or fund balancesStart of year $2,930,199$3,594,526
X-33 Total liabilities and net assetsStart of year $3,532,026$4,115,676
Part XI · Reconciliation of net assets $3,594,526 net assets at year end
XI-1 Total revenue$2,489,721
XI-2 Total expenses$1,881,944
XI-3 Revenue less expenses$607,777
XI-4 Net assets at start of year$2,930,199
XI-5 Net unrealized gains (losses) on investments$56,550
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,594,526

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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