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Nonprofiteer
← MEDBANK FOUNDATION INCORPORATED

Form 990 for tax year 2023

Filed by MEDBANK FOUNDATION INCORPORATED.

Totals

Total revenue
$441,771
Total expenses
$406,237
Contributions and grants received
$362,759
Grants paid
$38,931
Program service revenue
$45,557
Investment income
$0
Other revenue
$33,455
Total assets, end of year
$224,398
Total liabilities, end of year
$10,308
Net assets or fund balances, end of year
$214,090
Program services expenses (Part IX)
$336,809
Management and general expenses
$46,797
Fundraising expenses
$22,631
Program service expenses (Part III)
$336,809

Program services were 82.9% 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.

  • 1a · Federated campaigns

    $71,500

  • 1e · Government grants (contributions)

    $291,259

  • 1g · Noncash contributions included above

    $110,677

  • 2a · Program service revenue: PROGRAM FEES

    total $45,557 · related or exempt $45,557

  • 8a · Fundraising events: gross income

    $4,695

  • 8b · Fundraising events: direct expenses

    $7,934

  • 8c · Net income from fundraising events

    total -$3,239 · excluded -$3,239

  • 11a · Other revenue: EMPLOYEE RETENTION TAX CREDIT

    total $36,694 · related or exempt $36,694

  • 11e · Other revenue, total

    $36,694

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $38,931 · program services $38,931

  • 5 · Compensation of officers, directors and key employees

    total $71,635 · program services $61,605 · management and general $5,015 · fundraising $5,015

  • 7 · Other salaries and wages

    total $131,960 · program services $113,486 · management and general $9,237 · fundraising $9,237

  • 9 · Other employee benefits

    total $20,759 · program services $17,853 · management and general $1,453 · fundraising $1,453

  • 10 · Payroll taxes

    total $15,788 · program services $13,578 · management and general $1,105 · fundraising $1,105

  • 11c · Fees: accounting

    total $19,675 · management and general $19,675

  • 12 · Advertising and promotion

    total $1,515 · fundraising $1,515

  • 13 · Office expenses

    total $1,256 · program services $1,082 · management and general $87 · fundraising $87

  • 14 · Information technology

    total $6,347 · program services $6,347

  • 16 · Occupancy

    total $72,863 · program services $65,688 · management and general $3,588 · fundraising $3,587

  • 17 · Travel

    total $8,055 · program services $8,055

  • 22 · Depreciation, depletion and amortization

    total $348 · program services $300 · management and general $24 · fundraising $24

  • 23 · Insurance

    total $5,065 · program services $1,368 · management and general $3,596 · fundraising $101

  • 24a · Other expenses: TELEPHONE AND INTERNET

    total $7,121 · program services $6,409 · management and general $356 · fundraising $356

  • 24b · Other expenses: MISCELLANEOUS

    total $2,874 · program services $948 · management and general $1,782 · fundraising $144

  • 24c · Other expenses: PROGRAM SUPPLIES

    total $1,077 · program services $1,077

  • 24d · Other expenses: MEMBERSHIPS DUES

    total $872 · management and general $872

  • 24e · All other expenses

    total $96 · program services $82 · management and general $7 · fundraising $7

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $117,625 · end of year $157,942

  • 3 · Pledges and grants receivable

    beginning of year $60,759 · end of year $56,072

  • 4 · Accounts receivable

    beginning of year $9,384 · end of year $8,782

  • 9 · Prepaid expenses and deferred charges

    beginning of year $166 · end of year $249

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

    $7,028

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

    $5,675

  • 10c · Land, buildings and equipment, net

    beginning of year $1,321 · end of year $1,353

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,699 · end of year $10,308

  • 27 · Net assets without donor restrictions

    beginning of year $178,556 · end of year $214,090

Mission and programs · 2023

Mission

MEDBANK, A NOT-FOR-PROFIT ENTERPRISE, STRIVES TO IMPROVE THE QUALITY-OF- LIFE AND COLLECTIVE HEALTH AND WELL-BEING OF THE COMMUNITIES IT SERVES. TO THAT END, THE ORGANIZATION PROVIDES ACCESS TO THE VITAL MEDICATIONS TO PATIENTS WHO, FOR A VARIETY OF SOCIOECONOMIC REASONS, OTHERWISE COULD NOT OBTAIN THEM.

Activities or mission (Part I)

TO ASSIST CHRONICALLY ILL, UNINSURED, AND UNDERINSURED RESIDENTS IN OBTAINING PRESCRIPTION MEDICATIONS FREE-OF-CHARGE FROM PHARMACEUTICAL COMPANIES.

  • TO ASSIST MEDICALLY INDIGENT RESIDENTS OF THE GEORGIA COUNTIES OF BRYAN, BULLOCH, CHATHAM, EFFINGHAM, LIBERTY, LONG AND MACINTOSH IN OBTAINING PRESCRIPTION MEDICATIONS. REFERRALS ARE ENROLLED IN DRUG MANUFACTURER ASSISTANCE PROGRAMS.

    Expenses $336,809 · Grants $38,931 · Revenue $38,931

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Pat Edwards

    EXECUTIVE DI

    Total calculated
    $71,634
    From this org
    $71,634
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Sister Patricia Baber

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carita Connor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Amber Dietrich

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • I William Drought III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lester B Johnson III JD

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Dr Anna Jackson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Jason McClune

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andrea McKeever

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Dr Lilia Macias Moriarity

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rob Roberts

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Liz Longshore Stephens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Scott Stevens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Jules Toraya

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Adam Walker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
31 October 2024
IRS schema version
2023v5.0
Source object
202443179349304829

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