Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| Part VII, Section A, Column B - Hours for Related Organizations | Edith A. Rosato worked approximately 20 hrs per week for the NACDS Foundation, a related organization. David M. Fitzsimmons worked approximately 2 hrs per week for the NACDS Foundation. | |
| Page 1, Item G- Gross Receipts | Gross Receipts per item G on page 1 is higher than total revenue reported on page 1 line 12, because sales of investments are reported gross on item G, whereas they are reported only at the "gain or loss on the sale" amount on line 12.Transfers to/from the taxpayer's investment accounts and checking account have not been included in gross receipts.Taxpayer engages a professional investment advisor to manage Long-Term investments. The amount invested has been relatively constant in the $20-25 million range for several years. As the investment manager re-allocates among various mutual funds during the year, this shows as a "Gross Receipt" on Page 1- Item G, even though this is not technically a new receipt of outside money to the organization.Page 1, line 12 provides a more accurate total for the taxpayer's total receipts for the year. | |
| Balance Sheet - Other Assets Explanation | Included in Other Assets on the Balance Sheet is a $1.9 million investment in SureScripts,LLC. One aspect of SureScripts' business is transmission of electronic prescriptions. Taxpayer made an investment in SureScripts to help it initially get up and running. Taxpayer owns approximately 25% of SureScripts, but does not believe this constitutes control, given the current ownership structure. The investment is shown at original cost, less a valuation allowance. | |
| Form 990, Part VI, Line 19 | Form 990, Part VI, Line 19: Other Organization Documents Publicly Available | The taxpayer's governing documents, conflict of interest policy, and audited financial statements are available to the general public upon request. |
| Form 990, Part VI, Line 15b | Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees | Form 990 Executive Compensation:Q15a. Taxpayer has a Human Resources Committee of the Board of Directors for review, discussion and approval of the CEO's salary and annual performance-based bonus award. The CEO's compensation is benchmarked annually by an independent compensation analysis firm that uses appropriate comparable data, including 990's of other organizations and compensation studies. The data and analysis is provided to the Committee. Records of the process and the resulting determination are kept within the Committee meeting minutes.Q15b. Taxpayer uses comparable compensation data to benchmark other officers and key employees of the organization. An independent compensation analysis firm is utilized to routinely review and compare our established, board-approved compensation program with comparable organizations. The Human Resources Committee of the Board of Directors reviews and discusses compensation for officers and key employees. The President & CEO has the final authority on other officers and key employees compensation. Records of the process and the resulting determination are kept within the Committee meeting minutes. |
| Form 990, Part VI, Line 12c | Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts | The organization's conflict of interest policy requires directors and employees to notify the taxpayer of any conflicts. In order to monitor and enforce compliance with the policy, directors are reminded of the policy at every Board meeting and Executive Committee meeting, and directors and key employees are provided annually with a questionnaire regarding conflicts and a list of the taxpayers directors, key employees, and vendors, for purposes of determining if a conflict of interest exists. |
| Form 990, Part VI, Line 11 | Form 990, Part VI, Line 11: Form 990 Review Process | A copy of the form 990 is made available to the Directors for their review prior to filing. The Directors are instructed to contact the CFO or VP Finance if they have any questions regarding the return. After a reasonable period of time, the forms are filed if there are no further questions. |
| Form 990, Part VI, Line 6 | Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder | Classes of Membership- Membership in The Corporation is divided into three classes: Active, Associate, and International.Active Members- Any person, firm, or corporation engaged in operating for-profit retail drug stores or other for-profit community retail pharmacies shall be eligible for Active Membership in The Corporation, including operators of four or more for-profit retail drug stores or other for-profit community retail pharmacies that are subsidiaries of, owned by, or directly or indirectly controlled by a not-for-profit organization. Associate Members- Any person, firm, corporation, or organization actively engaged in supplying goods or services to the profession of pharmacy, the drug industry, retail drug stores or other for-profit community retail pharmacies shall be eligible for Associate Membership in The Corporation. International Members- Any person, firm, corporation, or organization located in and organized under the laws of a jurisdiction outside of the United States and engaged in operating for-profit retail drug stores or other for-profit community retail pharmacies or actively engaged in supplying goods or services to the profession of pharmacy, drug industry, retail drug stores or other for-profit community retail pharmacies shall be eligible for International Membership. |
| Form 990, Part VI, Line 2 | Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et | Business Relationships among the Board: In four instances, two board members represent the same member company: Walgreens- Gregory D. Wasson and Kermit Crawford, RPh; CVS/Caremark- Larry J. Merlo and Thomas M. Ryan; Rite Aid- Mary Sammons and John Standley; Wal-Mart- John Agwunobi, MD and Paul E. Beahm. |
| Form 990, Part III, Line 4d | Form 990, Part III, Line 4d : Other Program Services Description | OTHER PROGRAM SERVICES 4: PHARMACY OPERATIONS PROGRAMS - Various programs to communicate industry positions and views in areas of chain community pharmacy and health care. Liaison with other allied trade associations and state boards of pharmacy to address pharmacy practices and professional issues which affect chain drug store operations. OTHER PROGRAM SERVICES 5: OTHER PROGRAM SERVICES - Various other services to members including regulatory compliance on industry issues, membership directory, resource center, public relations and communications, and front-end retail technology. |
| Software ID: | 11000144 |
| Software Version: | 2011v1.2 |