National Community Pharmacists Association

“Part vi, section a, line 1 the governing body, the board of directors (board), is comprised of nine voting members. The budget committee consisted of seven members, four of whom were members of the board. The budget committee is responsible for reviewing management's proposed operating budget for the upcoming fiscal year, as well as the review of fiscal policies and procedures. The budget committee reports its findings and recommendations to the board. The audit committee, comprised of six members of the board, is responsible for the selection of the association's external auditors, reviewing the external audit with the auditors and management, reviewing and approving the results of the audit and report thereto (including required communications) with the external auditors, and reporting the results of such meetings to the board. The compensation committee (consisting of four members of the board) meets annually to review the employment agreement and compensation of the association's ceo. The investment review committee consisted of five members of the board along with the ceo and vp of finance. It is charged with reviewing the association's investment portfolio in conjunction with the professional investment advisor to ensure it is in compliance with the association's investment policy and to make any recommendations of changes to policy to the board.”

“Part vi, section a, line 6 & 7a the membership of this organization shall consist of the following members with the right to vote and hold office: 1) active members - any licensed pharmacist engaged in the actual ownership or management of an independent community pharmacy. Active members are entitled to all privileges, including the right to vote and hold office. 2) student members - any student of an accredited college of pharmacy, upon written application to the association, may be accepted as a student member, and shall be entitled to such privileges as shall be determined by the board of directors. 3) past presidents of the association. 4) non-pharmacist owners of independent pharmacies have the right to vote, but not hold office. 5) membership classes that exist but do not possess the right to vote or hold office are affiliated state association members, independent pharmacy organizations, sustaining members, pharmacy technician members, corporate members and honorary members.”

“Part vi, section b, line 11b the form 990 will be prepared by an accounting firm and reviewed by management. An electronic copy of the draft form 990 will be provided to the board of directors for comments and clarification, if any. Form 990 will be filed with the irs shortly thereafter.”

“Part vi, section b, line 12c each board of directors member is required to execute a conflict of interest notification and filing annually. All association contracts are reviewed by the ceo, coo, vp of finance, svp-chief of staff and general counsel for potential conflicts prior to execution.”

“Part vi, section b, line 15a the compensation committee (consisting of four members of the board of directors) meets annually each january to review the employment agreement and annual calendar-year compensation of the ceo based on the information from compensation surveys.”

“Part vi, section c, line 19 the association does not make its governing documents, conflict of interest policy, and financial statements available to the public.”

“Part xi, line 9 $12,935,010 represents income reported under the equity method for book purposes for the year ended june 30, 2014 .”

“PART III, LINE 4D Membership Services: In addition to the benefits of advocacy on behalf of the independent community pharmacy community as a whole, NCPA members receive a number of exclusive benefits. Under the auspices of its Management Institute, NCPA assists community pharmacists in the business management of their practices offering pharmacists educational programs, best practice tools, and ownership initiatives. These include colleague-to-colleague networking and discussion opportunities focused on latest industry hot topics; leads on buying, selling or financing the purchase of an independent pharmacy; and programs (Simplify My Meds, Digital Pharmacist powered by RxWiki, Front End Overhaul, Dispose My Meds, etc.) that help grow a community pharmacys business and satisfy their patients health-related needs.”