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← MAXAID

Form 990 for tax year 2023

Filed by MAXAID.

Totals

Total revenue
$311,110,506
Total expenses
$295,174,481
Contributions and grants received
$311,110,506
Grants paid
$288,941,066
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$136,816,838
Total liabilities, end of year
$1,501,014
Net assets or fund balances, end of year
$135,315,824
Program services expenses (Part IX)
$295,168,795
Management and general expenses
$5,686
Fundraising expenses
$0
Program service expenses (Part III)
$295,168,795

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.

  • 1f · All other contributions, gifts and grants

    $311,110,506

  • 1g · Noncash contributions included above

    $298,315,923

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $288,941,066 · program services $288,941,066

  • 11c · Fees: accounting

    total $5,601 · management and general $5,601

  • 11g · Fees: other

    total $6,226,874 · program services $6,226,874

  • 13 · Office expenses

    total $940 · program services $855 · management and general $85

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,288,387 · end of year $2,978,034

  • 3 · Pledges and grants receivable

    beginning of year $1,400,000 · end of year $3,010,000

  • 8 · Inventories for sale or use

    beginning of year $116,005,099 · end of year $130,527,544

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,089,405 · end of year $301,260

  • 17 · Accounts payable and accrued expenses

    beginning of year $977,381 · end of year $70,503

  • 25 · Other liabilities

    beginning of year $1,425,711 · end of year $1,430,511

  • 27 · Net assets without donor restrictions

    beginning of year $1,115,255 · end of year $584,113

  • 28 · Net assets with donor restrictions

    beginning of year $118,264,544 · end of year $134,731,711

Mission and programs · 2023

Mission

THE PRIMARY PURPOSE OF MAXAID IS TO CARRY OUT TREATMENT ACCESS SOLUTIONS FOR ONCOLOGY AND OTHER CRITICAL ILLNESS PRODUCTS IN LOW AND MIDDLE INCOME COUNTRIES IN SUPPORT OF THE MAX FOUNDATION'S MISSION.

Activities or mission (Part I)

MAXAID IS A 501(C)(3) NON-PROFIT SUBSIDIARY OF THE MAX FOUNDATION, SUPPORTING ITS MISSION TO ACCELERATE HEALTH EQUITY BY DELIVERING MEDICATION, TECHNOLOGY, AND SERVICES TO PATIENTS FACING CANCER AND OTHER CRITICAL ILLNESSES, FOCUSING OUR ENERGY ON THOSE NO ONE ELSE IS HELPING.

  • MAXAID HOSTS THE MAX FOUNDATION'S COLLABORATION WITH LEADING GLOBAL HEALTHCARE MANUFACTURERS, FOR HUMANITARIAN ACCESS TO CRITICAL MEDICINES UNDER THE UMBRELLA OF MAX ACCESS SOLUTIONS. WITHIN THIS PROGRAM, MEDICINES ARE PROCURED FROM DRUG MANUFACTURERS ANDCHANNELED TO INDIVIDUAL PATIENTS THROUGH THE MAX FOUNDATION'S NETWORK OF HEALTHCARE PROVIDERS AND TREATMENT CENTERS. THE COLLABORATIONS ENABLE THOUSANDS OF PATIENTS IN LOW- AND MIDDLE-INCOME COUNTRIES TO ACCESS MUCH NEEDED ONCOLOGY PRODUCTS THAT THEY WOULD NOT HAVE OTHERWISE BEEN ABLE TO ACCESS. ACCESS TO MEDICINES WAS ENABLED THROUGH THE MAX FOUNDATION'S PATIENT-CENTERED TREATMENT ACCESS MODEL CALLED MAX ACCESS SOLUTIONS.

    Expenses $295,168,795 · Grants $288,941,066

As filed on the 2023 return.

Listed in Part VII

  • Patricia Garcia-Gonzalez

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $338,030
    From this org
    $0
    From related orgs
    $311,492
    Other
    $26,538
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $270,912 related
    Bonus
    $0 + $40,580 related
    Other
    $0
    Deferred
    $0 + $8,390 related
    Nontaxable benefits
    $0 + $18,148 related
    Filer's total
    $0 + $338,030 related
  • Paula Boultbee

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2 + 5 related
  • Curt Malloy

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    2 + 5 related
  • Mika Matsuzaki

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 5 related
  • Jerald Jerry Radich MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 5 related
  • Susan Jerian

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 5 related
  • Mabel Woloj

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 5 related
  • Edgar Thomas

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 5 related
  • Maria Pia Rufulli

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 5 related
  • Patricia M Pearce

    CFO & VP, ADMINISTRATION (THRU 8/23)

    Total calculated
    $164,760
    From this org
    $0
    From related orgs
    $150,541
    Other
    $14,219
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $136,866 related
    Bonus
    $0
    Other
    $0 + $13,675 related
    Deferred
    $0 + $4,156 related
    Nontaxable benefits
    $0 + $10,063 related
    Filer's total
    $0 + $164,760 related
  • John Menapace

    CFO & VP, ADMINISTRATION (FROM 5/23)

    Total calculated
    $128,456
    From this org
    $0
    From related orgs
    $119,493
    Other
    $8,963
    Hours/week
    2 + 40 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

None.

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

The filer's explanations (Part III)

PART I, LINE 3
NO REVIEW OF COMPENSATION WAS REQUIRED SINCE NO OFFICERS WERE PAID BY THIS ORGANIZATION. A RELATED AND SUPPORTED ORGANIZATION, THE MAX FOUNDATION, PERFORMS THE ANNUAL REVIEW PROCESS FOR THESE INDIVIDUALS AS APPLICABLE. A WRITTEN CONTRACT AND BOARD APPROVAL ARE USED.

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.

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.

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.

Related corporations and trusts

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

  • THE MAX FOUNDATION SOUTH AFRICA TRUST

    T · TO SUPPORT THE MAX FOUNDATION · SF · controlled entity

    Directly controlled by MAX FOUNDATION

Provenance

Return type
form_990
Tax year
2023
Filed
14 August 2024
IRS schema version
2023v5.1
Source object
202442299349301144

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