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-GonzalezPATRICIA 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 BoultbeePAULA BOULTBEE
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 2 + 5 related
-
Curt MalloyCURT MALLOY
BOARD TREASURER
- Total calculated
- $0
- Hours/week
- 2 + 5 related
-
Mika MatsuzakiMIKA MATSUZAKI
BOARD SECRETARY
- Total calculated
- $0
- Hours/week
- 2 + 5 related
-
Jerald Jerry Radich MDJERALD JERRY RADICH MD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2 + 5 related
-
Susan JerianSUSAN JERIAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2 + 5 related
-
Mabel WolojMABEL WOLOJ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2 + 5 related
-
Edgar ThomasEDGAR THOMAS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2 + 5 related
-
Maria Pia RufulliMARIA PIA RUFULLI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2 + 5 related
-
Patricia M PearcePATRICIA 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 MenapaceJOHN 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.
-
501(C)(3) · EXPAND HUMANITARIAN ACCESS TO TREATMENTS FOR CANCER · WA
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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