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Nonprofiteer
← HARBORPATH INC

Form 990 for tax year 2023

Filed by HARBORPATH INC.

Totals

Total revenue
$12,397,392
Total expenses
$12,403,952
Contributions and grants received
$12,209,948
Grants paid
$11,578,773
Program service revenue
$185,393
Investment income
$2,049
Other revenue
$2
Total assets, end of year
$2,952,192
Total liabilities, end of year
$545,613
Net assets or fund balances, end of year
$2,406,579
Program services expenses (Part IX)
$12,078,176
Management and general expenses
$325,048
Fundraising expenses
$728
Program service expenses (Part III)
$12,078,176

Program services were 97.4% 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.

  • 1f · All other contributions, gifts and grants

    $12,209,948

  • 1g · Noncash contributions included above

    $11,155,283

  • 2a · Program service revenue: PRESCRIPTION FEE INCOME

    total $180,131 · related or exempt $180,131

  • 2b · Program service revenue: SERVICE INCOME

    total $5,262 · related or exempt $5,262

  • 3 · Investment income

    total $2,049 · excluded $2,049

  • 11a · Other revenue: MISCELLANEOUS

    total $2 · related or exempt $2

  • 11e · Other revenue, total

    $2

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $342,222 · program services $342,222

  • 2 · Grants to domestic individuals

    total $11,236,551 · program services $11,236,551

  • 5 · Compensation of officers, directors and key employees

    total $156,732 · management and general $156,732

  • 7 · Other salaries and wages

    total $178,697 · program services $178,697

  • 9 · Other employee benefits

    total $6,724 · management and general $6,724

  • 10 · Payroll taxes

    total $26,954 · management and general $26,954

  • 11c · Fees: accounting

    total $14,150 · management and general $14,150

  • 11d · Fees: lobbying

    total $525 · management and general $525

  • 12 · Advertising and promotion

    total $150,000 · program services $150,000

  • 13 · Office expenses

    total $18,273 · program services $11,465 · management and general $6,808

  • 14 · Information technology

    total $149,554 · program services $148,826 · fundraising $728

  • 16 · Occupancy

    total $58,714 · management and general $58,714

  • 17 · Travel

    total $23,238 · program services $10,415 · management and general $12,823

  • 20 · Interest

    total $15,368 · management and general $15,368

  • 22 · Depreciation, depletion and amortization

    total $583 · management and general $583

  • 23 · Insurance

    total $12,906 · management and general $12,906

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $9,289 · management and general $9,289

  • 24b · Other expenses: MISCELLANEOUS

    total $3,472 · management and general $3,472

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,205 · end of year $151,681

  • 2 · Savings and temporary cash investments

    beginning of year $282 · end of year $283

  • 4 · Accounts receivable

    beginning of year $49,306 · end of year $21,992

  • 8 · Inventories for sale or use

    beginning of year $2,751,051 · end of year $2,777,819

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,795 · end of year $0

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

    $46,434

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

    $46,017

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $417

  • 17 · Accounts payable and accrued expenses

    beginning of year $242,485 · end of year $301,392

  • 23 · Secured mortgages and notes payable

    beginning of year $66,173 · end of year $99,432

  • 25 · Other liabilities

    beginning of year $84,842 · end of year $144,789

  • 27 · Net assets without donor restrictions

    beginning of year $2,413,139 · end of year $2,406,579

Mission and programs · 2023

Mission

HARBORPATH'S MISSION IS TO PROVIDE A STREAMLINED PROCESS THAT ENSURES TIMELY ACCESS TO CRITICAL MEDICATIONS FOR UNINSURED PEOPLE LIVING WITH LIFE-THREATENING AND/OR CHRONIC CONDITIONS SUCH AS HIV/AIDS, HEPATITIS, AND OPIOID SUBSTANCE USE DISORDERS.

  • HARBORPATH IS A SOUTH CAROLINA NONPROFIT CORPORATION THAT WILL CONDUCT PHARMACEUTICAL PROGRAMS CONSISTENT WITH THE EXEMPT PURPOSES LISTED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HARBORPATH WILL SERVE QUALIFIED LOW-INCOME UNINSURED INDIVIDUALS WITH LIFE-THREATENING AND/OR CHRONIC CONDITIONS SUCH AS HIV/AIDS, HEPATITIS, AND OPIOID SUBSTANCE USE DISORDERS THROUGHOUT THE UNITED STATES. HARBORPATH WILL PROVIDE A SEAMLESS SOLUTION TO DELIVER THERAPEUTIC MEDICATION AT NO COST - THROUGH A SIMPLIFIED ONE-STOP-SHOPPING PROCESS. HARBORPATH ENABLES THOSE PROVIDING CARE AND TREATMENT FOR HIV/AIDS, HEPATITIS, AND OPIOID SUBSTANCE USE DISORDERS TO FILL THE MEDICATION GAP FOR THE UNINSURED. THROUGH HARBORPATH'S PARTNERSHIPS WITH INDUSTRY LEADERS, THE ORGANIZATION WILL DIRECTLY IMPACT THE LIVES OF PATIENTS SUFFERING FROM HIV/AIDS, HEPATITIS, AND OPIOID SUBSTANCE USE DISORDERS AT THE COMMUNITY AND NATIONAL LEVELS. EXAMPLES OF THE PROGRAMS THAT WILL BE CONDUCTED BY HARBORPATH INCLUDE THE FOLLOWING: (1) MANAGE PATIENT ASSISTANCE PROGRAM ELIGIBILITY PROCESS ON BEHALF OF PHARMACEUTICAL COMPANIES, (2) DELIVER MEDICATIONS TO PATIENTS/PRESCRIBERS/CLIENTS. RECONNECT PATIENTS TO STATE FUNDED DRUG ASSISTANCE PROGRAMS WHEN POSSIBLE, AND (3) PROVIDE INFORMATION TO PEOPLE WHO ARE INELIGIBLE FOR HARBORPATH SERVICES REGARDING HOW THEY CAN ACCESS TREATMENT.

    Expenses $12,078,176 · Grants $11,578,773 · Revenue $185,395

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

Listed in Part VII

  • DR DONNA SWEET

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • MURRAY C PENNER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • COREY BOOKER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JUDITH FEINBERG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PAULETTE HEATH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GREG WEAVER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KEN TROGDON

    PRESIDENT

    Total calculated
    $156,732
    From this org
    $150,108
    From related orgs
    $0
    Other
    $6,624
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,108
    Bonus
    $0
    Other
    $0
    Deferred
    $4,500
    Nontaxable benefits
    $2,124
    Filer's total
    $156,732

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 · Independent compensation consultant

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

  • POLICE ASSISTED ADDICTION AND RECOVERY INITIATIVE INC

    $60,000

    TRAINING AND SUPPORT FOR POLICE-BASED ENTRY POINTS PROVIDED FOR TREATMENT AND RECOVERY OF OPIOD USE.

  • COMMONWEALTH OF KENTUCKY

    $0

    NARCAN RESCUE KITS PROVIDED TO VARIOUS STATE AGENCIES.

  • STATE OF ARKANSAS

    $0

    NARCAN RESCUE KITS PROVIDED TO VARIOUS STATE AGENCIES.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • PATHWAYS TO HEALTH LLC

    SUPPORT HARBORPATH, INC. IN ITS SUPPORT OF LOW-INCOME, UNINSURED PATIENTS. · NC · income $0 · assets $0

    Directly controlled by HARBORPATH INC

  • HARBORPATH ACCESS FOUNDATION

    FUND/SUPPORT WORKS OF HARBORPATH AND SUBSIDIARIES; MEET NEEDS OF UNINSURED. · NC · income $0 · assets $0

    Directly controlled by HARBORPATH INC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • HARBORPATH DIRECT INC

    C · TO PROMOTE AND PROVIDE FOR THE USE OF PHARMACEUTICAL TREATMENTS. · NC · 100% owned · share of income $178,056 · share of assets $159,957 · controlled entity

    Directly controlled by HARBORPATH INC

Provenance

Return type
form_990
Tax year
2023
Filed
17 October 2024
IRS schema version
2023v5.1
Source object
202402959349300105

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