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Nonprofiteer
← MEDICAL DEBT RESOLUTION INC

Form 990 for tax year 2022

Filed by MEDICAL DEBT RESOLUTION INC.

Totals

Total revenue
$42,872,028
Total expenses
$11,679,627
Contributions and grants received
$42,362,810
Grants paid
$0
Program service revenue
$0
Investment income
$509,218
Other revenue
$0
Total assets, end of year
$88,257,653
Total liabilities, end of year
$968,146
Net assets or fund balances, end of year
$87,289,507
Program services expenses (Part IX)
$8,614,880
Management and general expenses
$1,441,783
Fundraising expenses
$1,622,964
Program service expenses (Part III)
$8,614,880

Program services were 73.8% 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)

    $230,089

  • 1f · All other contributions, gifts and grants

    $42,132,721

  • 1g · Noncash contributions included above

    $83,447

  • 3 · Investment income

    total $510,785 · excluded $510,785

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    other assets $78,272

  • 7b · Less cost or other basis and sales expenses

    other assets $79,839

  • 7c · Gain or loss

    other assets -$1,567

  • 7d · Net gain or loss

    total -$1,567 · excluded -$1,567

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $822,171 · program services $480,759 · management and general $296,639 · fundraising $44,773

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $347,554 · program services $203,229 · management and general $125,398 · fundraising $18,927

  • 8 · Pension plan contributions

    total $34,087 · program services $19,932 · management and general $12,299 · fundraising $1,856

  • 9 · Other employee benefits

    total $145,789 · program services $85,249 · management and general $52,600 · fundraising $7,940

  • 10 · Payroll taxes

    total $160,827 · program services $94,043 · management and general $58,026 · fundraising $8,758

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $272,306 · program services $224,917 · management and general $47,389

  • 11c · Fees: accounting

    total $78,963 · management and general $78,963

  • 11d · Fees: lobbying

    total $10,061 · program services $10,061

  • 11e · Fees: professional fundraising services

    total $1,079,000 · fundraising $1,079,000

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $1,328,361 · program services $607,791 · management and general $390,124 · fundraising $330,446

  • 12 · Advertising and promotion

    total $18,100 · program services $500 · fundraising $17,600

  • 13 · Office expenses

    total $201,072 · program services $21,652 · management and general $116,691 · fundraising $62,729

  • 14 · Information technology

    total $233,885 · program services $126,798 · management and general $57,890 · fundraising $49,197

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $116,773 · program services $3,000 · management and general $113,773

  • 17 · Travel

    total $48,611 · program services $22,373 · management and general $24,500 · fundraising $1,738

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $9,930 · program services $9,930

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $161,617 · program services $151,071 · management and general $10,546

  • 23 · Insurance

    total $56,945 · management and general $56,945

  • 24a · Other expenses: COST OF DEBT ABOLISHED

    total $5,866,860 · program services $5,866,860

  • 24b · Other expenses: MAILING SERVICES

    total $686,715 · program services $686,715

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $15,327,967 · end of year $72,617,953

  • 2 · Savings and temporary cash investments

    beginning of year $38,792,789 · end of year $11,266,214

  • 3 · Pledges and grants receivable

    beginning of year $258,352 · end of year $159,331

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,346,698 · end of year $3,373,264

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

    $53,104

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

    $30,366

  • 10c · Land, buildings and equipment, net

    beginning of year $23,175 · end of year $22,738

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $469,238 · end of year $639,155

  • 15 · Other assets

    beginning of year $286,566 · end of year $178,998

  • 17 · Accounts payable and accrued expenses

    beginning of year $216,952 · end of year $444,334

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $437,692

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $190,727 · end of year $86,120

  • 27 · Net assets without donor restrictions

    beginning of year $50,434,168 · end of year $79,591,769

  • 28 · Net assets with donor restrictions

    beginning of year $5,662,938 · end of year $7,697,738

Mission and programs · 2022

Mission

The mission of the Organization is to end medical debt. (See schedule O)

Activities or mission (Part I)

to end medical debt

  • MEDICAL DEBT RELIEF: LOCATE, ACQUIRE, AND ABOLISH, I.E. RELIEVE, MEDICAL DEBT FOR INDIVIDUALS EARNING 400% OR LESS THAN THE FEDERAL POVERTY LEVEL (RAISED FROM 200% IN MARCH 2022), OR HAVE A MEDICAL DEBT MORE THAN 5% OF ESTIMATED ANNUAL HOUSEHOLD GROSS INCOME.

    Expenses $7,777,434

  • TECHNOLOGY INFRASTRUCTURE DEVELOPMENT PROGRAM: RESEARCH, DESIGN, AND DEVELOP TECHNOLOGIES TO DIRECTLY SUPPORT THE ORGANIZATION'S CORE MISSION OF LOCATING, ACQUIRING, AND ABOLISHING MEDICAL DEBT.

    Expenses $438,673

  • EDUCATION AND PUBLIC POLICY: ENGAGE IN EFFORTS TO RAISE PUBLIC AWARENESS OF THE ECONOMIC AND SOCIAL EFFECTS OF MEDICAL DEBT. INFORM AND SUPPORT PUBLIC POLICY EFFORTS TO ADDRESS SYSTEMIC CAUSES OF MEDICAL DEBT.

    Expenses $341,915

  • MEDICAL DEBT RESEARCH

    Expenses $56,858

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Allison Sesso

    CEO & PRESIDENT

    Total calculated
    $313,176
    From this org
    $290,193
    From related orgs
    $0
    Other
    $22,983
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $290,193
    Bonus
    $0
    Other
    $0
    Deferred
    $10,279
    Nontaxable benefits
    $12,704
    Filer's total
    $313,176
  • Ruth Lande

    VP HOSPITAL RELATIONS

    Total calculated
    $291,619
    From this org
    $261,893
    From related orgs
    $0
    Other
    $29,726
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $246,893
    Bonus
    $15,000
    Other
    $0
    Deferred
    $9,293
    Nontaxable benefits
    $20,433
    Filer's total
    $291,619
  • David Reynolds

    VP INFO SYSTEMS

    Total calculated
    $217,376
    From this org
    $200,587
    From related orgs
    $0
    Other
    $16,789
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,587
    Bonus
    $0
    Other
    $0
    Deferred
    $7,039
    Nontaxable benefits
    $9,750
    Filer's total
    $217,376
  • Priscilla Thomas-Keith

    VP PROGRAM MANAGEMENT

    Total calculated
    $180,906
    From this org
    $153,183
    From related orgs
    $0
    Other
    $27,723
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,183
    Bonus
    $0
    Other
    $0
    Deferred
    $5,744
    Nontaxable benefits
    $21,979
    Filer's total
    $180,906
  • Charles Russek

    SENIOR SOFTWARE DEVELOPER

    Total calculated
    $145,519
    From this org
    $133,802
    From related orgs
    $0
    Other
    $11,717
    Hours/week
    40
  • Jana Knauerova

    VP FINANCE & ADMINISTRATION

    Total calculated
    $140,270
    From this org
    $117,891
    From related orgs
    $0
    Other
    $22,379
    Hours/week
    40
  • Mikel Burroughs

    DIRECTOR MILITARY DEBT ACQ.

    Total calculated
    $124,900
    From this org
    $122,500
    From related orgs
    $0
    Other
    $2,400
    Hours/week
    40
  • Eva Stahl

    VP Public Policy

    Total calculated
    $124,718
    From this org
    $120,150
    From related orgs
    $0
    Other
    $4,568
    Hours/week
    40
  • Craig Antico

    DEBT OPERATIONS CONSULTANT

    Total calculated
    $34,365
    From this org
    $34,365
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $34,365
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $34,365
  • William Von Mueffling

    DIRECTOR & BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Michele Masucci

    DIRECTOR & VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Jose Penabad

    DIRECTOR & TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Ted Sann

    DIRECTOR & SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Harold Ashton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dr Oxiris Barbot

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Robert Goff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jon Lindsey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Elizabeth Marincola

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dr Ram Raju

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Magan Ray

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jeff Smedsrud

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jonathan Wiggs

    DIRECTOR (FROM 12/2022)

    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. 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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 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)

SCHEDULE J, PART I, LINE 7:
RUTH LANDE, NEW VP HOSPITAL RELATIONS, RECEIVED A SECOND PORTION OF HER SIGN-ON BONUS IN MARCH 2022.

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
21 July 2023
IRS schema version
2022v5.0
Source object
202332069349301283

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