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Nonprofiteer
← NEEDYMEDS INC

Form 990 for tax year 2023

Filed by NEEDYMEDS INC.

Totals

Total revenue
$1,727,574
Total expenses
$1,670,773
Contributions and grants received
$24,549
Grants paid
$0
Program service revenue
$1,653,790
Investment income
$49,235
Other revenue
$0
Total assets, end of year
$1,012,223
Total liabilities, end of year
$320,586
Net assets or fund balances, end of year
$691,637
Program services expenses (Part IX)
$1,546,468
Management and general expenses
$119,082
Fundraising expenses
$5,223
Program service expenses (Part III)
$1,546,468

Program services were 92.6% 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

    $24,549

  • 2a · Program service revenue: PATIENT ASSISTANCE PROGRAMS

    total $1,650,790 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: SPONSORSHIP AND SYNDICATION REVENUE

    total $3,000 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $12,052 · unrelated business $0 · excluded $12,052

  • 7a · Gross sales of assets other than inventory

    securities $130,566

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

    securities $93,383

  • 7c · Gain or loss

    securities $37,183

  • 7d · Net gain or loss

    total $37,183 · related or exempt $0 · unrelated business $0 · excluded $37,183

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $68,538 · program services $62,824 · management and general $5,714 · fundraising $0

  • 7 · Other salaries and wages

    total $1,002,794 · program services $919,199 · management and general $83,595 · fundraising $0

  • 8 · Pension plan contributions

    total $16,695 · program services $15,526 · management and general $1,169 · fundraising $0

  • 9 · Other employee benefits

    total $53,352 · program services $49,618 · management and general $3,734 · fundraising $0

  • 10 · Payroll taxes

    total $91,537 · program services $85,129 · management and general $6,408 · fundraising $0

  • 11a · Fees: management

    total $4,081 · program services $0 · management and general $4,081 · fundraising $0

  • 11f · Fees: investment management

    total $3,488 · program services $0 · management and general $3,488 · fundraising $0

  • 13 · Office expenses

    total $49,322 · program services $45,869 · management and general $3,453 · fundraising $0

  • 14 · Information technology

    total $99,419 · program services $99,419 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $58,447 · program services $54,356 · management and general $4,091 · fundraising $0

  • 17 · Travel

    total $474 · program services $474 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $2,907 · program services $2,907 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $14,633 · program services $12,231 · management and general $2,402 · fundraising $0

  • 24a · Other expenses: FULFILLMENT SERVICES

    total $150,633 · program services $150,633 · management and general $0 · fundraising $0

  • 24b · Other expenses: TELEPHONE

    total $13,531 · program services $12,584 · management and general $947 · fundraising $0

  • 24c · Other expenses: PRINTING

    total $6,743 · program services $6,743 · management and general $0 · fundraising $0

  • 24d · Other expenses: BANK SERVICE CHARGES

    total $9,909 · program services $9,909 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $24,270 · program services $19,047 · management and general $0 · fundraising $5,223

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $47,137 · end of year $132,368

  • 4 · Accounts receivable

    beginning of year $100,539 · end of year $96,305

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,574 · end of year $5,281

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

    $570,185

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

    $168,703

  • 10c · Land, buildings and equipment, net

    beginning of year $306,310 · end of year $401,482

  • 11 · Investments: publicly traded securities

    beginning of year $412,237 · end of year $302,652

  • 15 · Other assets

    beginning of year $109,735 · end of year $74,135

  • 17 · Accounts payable and accrued expenses

    beginning of year $219,576 · end of year $222,325

  • 19 · Deferred revenue

    beginning of year $12,000 · end of year $24,126

  • 25 · Other liabilities

    beginning of year $109,735 · end of year $74,135

  • 27 · Net assets without donor restrictions

    beginning of year $642,221 · end of year $691,637

Mission and programs · 2023

Mission

NEEDYMEDS EDUCATES AND EMPOWERS THOSE SEEKING AFFORDABLE HEALTHCARE.

  • NEEDYMEDS, INC,PROVIDES INFORMATION THAT HELPS INDIVIDUALS FIND ASSISTANCE WITH MEDICINE AND HEALTHCARE COSTS. THE WEBSITE IS A COMPREHENSIVE, CURRENT AND EASILY ACCESSIBLE RESOURCES ON PROGRAMS INCLUDING BUT NOT LIMIDED TO: PHARMACEUTICAL PATIENT ASSISTANCE PROGRAMS, PROGRAMS THAT ASSIST BASED ON DIAGNOSIS; FREE/LOW COST/SLIDING SCALE CLINICS; MEDICATION DISCOUNT COUPONS; CAMPS, SCHOLARSHIPS AND RETREATS BASED ON DIAGNOSIS;AND STATE AND FEDERAL PROGRAMS. ACCESS TO ALL THE INFORMATION IS FREE AND ANONYMOUS. NEEDYMEDS, INC. ALSO OFFERS A FREE DRUG DISCOUNT CARD THAT PROVIDES SAVINGS OF UP TO 80% ON THE CASH PRICE OF PRESCRIPTION DRUGS, OVER-THE-COUNTER MEDICATIONS AND MEDICAL SUPPLIES WRITTEN AS A PRESCRIPTION AND PET PRESCRIPTION DRUGS PURCHASED AT THE PHARMACY. NEEDYMEDS ENDEAVORS TO EDUCATE ADVOCATES AND THE GENERAL PUBLIC ABOUT ALL OF THE POTENTIAL SAVINGS AVAILABLE,MEDICATION ADHERENCE AND PATIENT EMPOWERMENT.

    Expenses $1,546,468 · Revenue $1,653,790

As filed on the 2023 return.

Listed in Part VII

  • Ruth Rowe

    PRESIDENT

    Total calculated
    $71,506
    From this org
    $68,538
    From related orgs
    $0
    Other
    $2,968
    Hours/week
    40
  • Frederick Cowan

    CHAIR/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Donald Maier MD

    TREASURER/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Roberta Downey

    CLERK/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Julie Erickson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

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
11 November 2024
IRS schema version
2023v5.1
Source object
202403199349303035

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