National Association of Boards of Pharmacy

Nonprofit profile at a glance

EIN
361520565
IRS 990 coverage
2010–2025
Official website data refreshed
Sep 2026
Forms available
Form 990 2025, Form 990-T 2022
Location
Mount Prospect, IL, USA
Phone
8473914406
Rating
69
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$50,561,636
Expenses
$48,516,908
Assets
$144,630,419
Liabilities
$10,961,921

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

20 people listed

Executive titles in this filing

  • BRADLEY S HAMILTON (PRESIDENT)
  • NICOLE L CHOPSKI (PRESIDENT-ELECT)
  • LEMREY AL CARTER (EXECUTIVE DIRECTOR/SECRETARY)
  • PATRICIA MILAZZO (ASSOCIATE EXECUTIVE DIRECTOR)
  • MELISSA BECKER (ASSOCIATE EXECUTIVE DIRECTOR)
  • JOSHUA M BOLIN (ASSOCIATE EXECUTIVE DIRECTOR)

Highest reported compensation

  • LEMREY AL CARTER (EXECUTIVE DIRECTOR/SECRETARY): $767,461 total reported compensation
  • JOSHUA M BOLIN (ASSOCIATE EXECUTIVE DIRECTOR): $448,178 total reported compensation
  • PATRICIA MILAZZO (ASSOCIATE EXECUTIVE DIRECTOR): $359,121 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

NABP is dedicated to protecting the public health through innovation and collaboration.

What it reported doing in 2025

Nabp examination programs include the north american pharmacist licensure examination ("naplex"), the multistate pharmacy jurisprudence examination ("mpje"), the foreign pharmacy graduate equivalency examination ("fpgee"), as well as practice examinations to support the naplex ("pre-naplex"), the multistate pharmacy jurisprudence examination ("pre-mpje") and the fpgee ("pre-fpgee"). During 2025, there were 15,347 administrations of the "naplex" exam to candidates from numerous schools and colleges of pharmacy throughout the united states; 28,384 administrations of the "mpje" exam; and 558 administrations of the "fpgee" exam.

Operating model

Revenue model
Other-operating. 90% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 56
  • Transparency & Controls: 65
  • Accountability: 95
  • Sustainability: 55
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 63.3%; rating input score 63
  • Program expense ratio: 63.3%; rating input score 63
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 66th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 65th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 4%; rating input score 51; 51st percentile among comparable filings
  • Total-asset coverage ratio: 2.98; rating input score 68; 68th percentile among comparable filings
  • Liabilities to assets ratio: 0.08; rating input score 79; 79th percentile among comparable filings
  • Officer compensation ratio: 6.5%; rating input score 12; 12th percentile among comparable filings

Growth

  • Program expense growth: 5.2% per year; rating input score 100; 41st percentile among comparable filings
  • Revenue growth: 5.1% per year; rating input score 100; 43rd percentile among comparable filings
  • Asset growth: 5.3% per year; rating input score 100; 38th percentile among comparable filings

Details

  • What they do: 5 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 63.3% of revenue deployed · 63.3% of spending went to programs
  • Governance: 12 of 12 board members independent · 8 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $30.7M in reported program spending
  • Leadership: top reported pay $767K · 20 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $7M reported
  • Consistency: 34 of 34 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 15 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Money network: 12 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Sustainability: Operating margin scored 51/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • High — Sustainability: Officer compensation ratio scored 12/100.