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Nonprofiteer
← CIVICA FOUNDATION

Form 990 for tax year 2024

Filed by CIVICA FOUNDATION.

Totals

Total revenue
$11,659,592
Total expenses
$49,548,092
Contributions and grants received
$10,805,327
Grants paid
$27,923,957
Program service revenue
$0
Investment income
$854,265
Other revenue
$0
Total assets, end of year
$11,481,697
Total liabilities, end of year
$15,920,156
Net assets or fund balances, end of year
-$4,438,459
Program services expenses (Part IX)
$49,548,092
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$49,548,092

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $9,700,000

  • 1f · All other contributions, gifts and grants

    $1,105,327

  • 3 · Investment income

    total $854,265 · excluded $854,265

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $27,923,957 · program services $27,923,957

  • 5 · Compensation of officers, directors and key employees

    total $745,227 · program services $745,227

  • 11b · Fees: legal

    total $563,706 · program services $563,706

  • 11c · Fees: accounting

    total $66 · program services $66

  • 11g · Fees: other

    total $9,561,306 · program services $9,561,306

  • 13 · Office expenses

    total $47,774 · program services $47,774

  • 14 · Information technology

    total $38,601 · program services $38,601

  • 16 · Occupancy

    total $41,086 · program services $41,086

  • 17 · Travel

    total $432,708 · program services $432,708

  • 19 · Conferences, conventions and meetings

    total $53,481 · program services $53,481

  • 20 · Interest

    total $137,339 · program services $137,339

  • 23 · Insurance

    total $18,633 · program services $18,633

  • 24a · Other expenses: REIMBURSED PERSONNEL CO

    total $6,387,269 · program services $6,387,269

  • 24b · Other expenses: STARTUP COSTS

    total $1,460,057 · program services $1,460,057

  • 24c · Other expenses: PRODUCT COSTS

    total $1,425,553 · program services $1,425,553

  • 24d · Other expenses: R&D EXPENSE

    total $504,579 · program services $504,579

  • 24e · All other expenses

    total $206,750 · program services $206,750

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $31,519,326 · end of year $4,964,659

  • 2 · Savings and temporary cash investments

    beginning of year $163,713 · end of year $171,527

  • 3 · Pledges and grants receivable

    beginning of year $4,075,000 · end of year $1,603,850

  • 10a · Land, buildings and equipment: cost or other basis

    $4,741,661

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $2,220,703 · end of year $4,741,661

  • 17 · Accounts payable and accrued expenses

    beginning of year $245,477 · end of year $1,763,269

  • 24 · Unsecured notes and loans payable

    end of year $9,057,012

  • 25 · Other liabilities

    beginning of year $4,283,224 · end of year $5,099,875

  • 27 · Net assets without donor restrictions

    beginning of year -$15,738,950 · end of year -$42,256,365

  • 28 · Net assets with donor restrictions

    beginning of year $49,188,991 · end of year $37,817,906

Mission and programs · 2024

Mission

ENSURE QUALITY GENERIC MEDICATIONS ARE AVAILABLE AND AFFORDABLE TO EVERYONE. THE FOUNDATION SEEKS BOLD PHILANTHROPIC PARTNERS WHO ARE: 1) PASSIONATE ABOUT IMPROVING AND SAVING THE LIVES OF MILLIONS OF PEOPLE ACROSS THE UNITED STATES, 2) COMMITTED TO BUILDING PATHWAYS TO RELIABLE DRUG ACCESS AND AFFORDABILITY AND 3) INSPIRED BY THE OPPORTUNITY TO INNOVATE FOR LIFE.

Activities or mission (Part I)

ENSURE QUALITY GENERIC MEDICATIONS ARE AVAILABLE AND AFFORDABLE TO EVERYONE.

  • ENSURE QUALITY GENERIC MEDICATIONS ARE AVAILABLE AND AFFORDABLE TO EVERYONE. THE FOUNDATION SEEKS BOLD PHILANTHROPIC PARTNERS WHO ARE: 1) PASSIONATE ABOUT IMPROVING AND SAVING THE LIVES OF MILLIONS OF PEOPLE ACROSS THE UNITED STATES, 2) COMMITTED TO BUILDING PATHWAYS TO RELIABLE DRUG ACCESS AND AFFORDABILITY AND 3) INSPIRED BY THE OPPORTUNITY TO INNOVATE FOR LIFE.

    Expenses $49,548,092 · Grants $27,923,957

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • SHELLEY LYFORD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DANIEL LILJENQUIST

    DIRECTOR AND CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • RICHARD FIGEROUA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARK GHALY

    DIRECTOR (THRU 10/24)

    Total calculated
    $0
    Hours/week
    1

  • DAVID FLOOD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GLEN TULLMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • AARON KOWALSKI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NED MCCOY

    DIRECTOR/CIVICARX CEO

    Total calculated
    $1,367,161
    From this org
    $131,818
    From related orgs
    $1,186,359
    Other
    $48,984
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $64,908 + $584,168 related
    Bonus
    $66,910 + $602,191 related
    Other
    $0
    Deferred
    $1,380 + $12,420 related
    Nontaxable benefits
    $3,641 + $32,766 related
    Filer's total
    $136,839 + $1,231,545 related

  • LOU FIERENS

    DIRECTOR AND CHAIR (THRU NOV 24)

    Total calculated
    $0
    Hours/week
    2

  • BRENDON MCCARTHY

    DIRECTOR (FROM THE MONTH OF NOV)

    Total calculated
    $0
    Hours/week
    1

  • EAMON FITZMAURICE

    CHIEF FINANCIAL OFFICER

    Total calculated
    $943,747
    From this org
    $89,161
    From related orgs
    $802,446
    Other
    $52,140
    Hours/week
    4 + 24 related

    Schedule J breakdown matched by us

    Base
    $41,436 + $372,921 related
    Bonus
    $47,725 + $429,525 related
    Other
    $0
    Deferred
    $1,380 + $12,420 related
    Nontaxable benefits
    $3,911 + $35,205 related
    Filer's total
    $94,452 + $850,071 related

  • JENNIFER SPALDING

    GENERAL COUNSEL

    Total calculated
    $929,303
    From this org
    $44,905
    From related orgs
    $853,202
    Other
    $31,196
    Hours/week
    2 + 26 related

    Schedule J breakdown matched by us

    Base
    $21,043 + $399,814 related
    Bonus
    $23,862 + $453,388 related
    Other
    $0
    Deferred
    $690 + $13,110 related
    Nontaxable benefits
    $891 + $16,920 related
    Filer's total
    $46,486 + $883,232 related

  • ALLAN COUKELL

    CHIEF GOVT. AFFAIRS/PUBLIC POLICY OFFICER

    Total calculated
    $606,547
    From this org
    $135,474
    From related orgs
    $406,420
    Other
    $64,653
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $92,465 + $277,394 related
    Bonus
    $43,009 + $129,026 related
    Other
    $0
    Deferred
    $3,450 + $10,350 related
    Nontaxable benefits
    $12,907 + $38,722 related
    Filer's total
    $151,831 + $455,492 related

  • LAURA SILDON

    EXECUTIVE DIRECTOR (THRU 9/24)

    Total calculated
    $315,015
    From this org
    $271,082
    From related orgs
    $0
    Other
    $43,933
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,587
    Bonus
    $55,095
    Other
    $36,400
    Deferred
    $9,283
    Nontaxable benefits
    $35,254
    Filer's total
    $315,619

  • DONNA GULBINSKI

    CHIEF QUALITY & REGULATORY AFFAIRS

    Total calculated
    $943,718
    From this org
    $88,796
    From related orgs
    $799,163
    Other
    $55,759
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $41,071 + $369,638 related
    Bonus
    $47,725 + $429,525 related
    Other
    $0
    Deferred
    $1,380 + $12,420 related
    Nontaxable benefits
    $4,315 + $38,835 related
    Filer's total
    $94,491 + $850,418 related

  • DEBBI FORD

    CHIEF COMMUNICATIONS (THRU OCT '24)

    Total calculated
    $858,585
    From this org
    $242,932
    From related orgs
    $566,840
    Other
    $48,813
    Hours/week
    12 + 28 related

    Schedule J breakdown matched by us

    Base
    $99,757 + $232,765 related
    Bonus
    $143,175 + $334,075 related
    Other
    $0
    Deferred
    $4,021 + $9,383 related
    Nontaxable benefits
    $10,804 + $25,209 related
    Filer's total
    $257,757 + $601,432 related

  • KRISTOPHER WEIDLING

    CHIEF HUMAN RESOURCES

    Total calculated
    $950,642
    From this org
    $44,256
    From related orgs
    $840,861
    Other
    $65,525
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $20,393 + $387,473 related
    Bonus
    $23,863 + $453,388 related
    Other
    $0
    Deferred
    $686 + $13,027 related
    Nontaxable benefits
    $2,629 + $49,950 related
    Filer's total
    $47,571 + $903,838 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION IS PAID BY CIVICA, INC., A RELATED ORGANIZATION. CIVICA, INC. USES THE FOLLOWING METHODS TO DETERMINE COMPENSATION: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
PART I, LINE 7
THERE ARE DISCRETIONARY BONUSES THAT ARE AWARDED AND DETERMINED BY THE COMPENSATION COMMITTEE. THE BONUSES ARE BASED UPON OVERALL BUSINESS ACCOMPLISHMENTS COMPARED TO THE GOALS SET BY THE ORGANIZATION. BONUSES ARE PAID THROUGH CIVICA, INC.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2025
IRS schema version
2024v5.1
Source object
202531359349308443

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