Totals
- Total revenue
- $66,268,245
- Total expenses
- $66,548,836
- Contributions and grants received
- $66,141,844
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $181,917
- Other revenue
- -$55,516
- Total assets, end of year
- $13,080,650
- Total liabilities, end of year
- $1,710,998
- Net assets or fund balances, end of year
- $11,369,652
- Program services expenses (Part IX)
- $65,790,396
- Management and general expenses
- $396,396
- Fundraising expenses
- $362,044
- Program service expenses (Part III)
- $65,790,396
Program services were 98.9% 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.
-
1c · Fundraising events
$218,829
-
1e · Government grants (contributions)
$1,600,000
-
1f · All other contributions, gifts and grants
$64,323,015
-
1g · Noncash contributions included above
$62,481,976
-
3 · Investment income
total $181,917 · excluded $181,917
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$37,341
-
8a · Fundraising events: contributions included on line 1c
$218,829
-
8b · Fundraising events: direct expenses
$92,857
-
8c · Net income from fundraising events
total -$55,516 · excluded -$55,516
-
9c · Net income from gaming
total $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 $151,776 · program services $15,178 · management and general $121,421 · fundraising $15,177
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $2,466,471 · program services $2,105,602 · management and general $140,404 · fundraising $220,465
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $261,412 · program services $211,744 · management and general $26,141 · fundraising $23,527
-
10 · Payroll taxes
total $200,507 · program services $162,410 · management and general $20,051 · fundraising $18,046
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $80,894 · program services $52,581 · management and general $12,134 · fundraising $16,179
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $286,203 · program services $264,738 · management and general $14,310 · fundraising $7,155
-
17 · Travel
total $93,616 · program services $75,829 · management and general $9,362 · fundraising $8,425
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $85,053 · program services $68,042 · management and general $12,758 · fundraising $4,253
-
23 · Insurance
total $19,732 · program services $16,772 · management and general $1,973 · fundraising $987
-
24a · Other expenses: Pharmaceuticals - Donated
total $54,307,036 · program services $54,307,036
-
24b · Other expenses: Pharmaceuticals OTC - Donated
total $7,243,243 · program services $7,243,243
-
24c · Other expenses: Pharmaceuticals - Purchased
total $797,453 · program services $797,453
-
24d · Other expenses: Postage and Shipping
total $220,172 · program services $198,155 · management and general $4,403 · fundraising $17,614
-
24e · All other expenses
total $335,268 · program services $271,613 · management and general $33,439 · fundraising $30,216
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,043,505 · end of year $1,138,051
-
2 · Savings and temporary cash investments
beginning of year $2,383,397 · end of year $4,314,347
-
3 · Pledges and grants receivable
beginning of year $895,885 · end of year $550,268
-
4 · Accounts receivable
beginning of year $20,420 · end of year $36,491
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
beginning of year $4,631,327 · end of year $5,563,024
-
9 · Prepaid expenses and deferred charges
beginning of year $41,865 · end of year $59,601
-
10a · Land, buildings and equipment: cost or other basis
$774,332
-
10b · Land, buildings and equipment: accumulated depreciation
$453,500
-
10c · Land, buildings and equipment, net
beginning of year $380,826 · end of year $320,832
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $1,324,042 · end of year $1,098,036
-
17 · Accounts payable and accrued expenses
beginning of year $301,626 · end of year $267,584
-
19 · Deferred revenue
beginning of year $305,500 · end of year $207,000
-
25 · Other liabilities
beginning of year $1,463,898 · end of year $1,236,414
-
27 · Net assets without donor restrictions
beginning of year $10,958,848 · end of year $10,059,707
-
28 · Net assets with donor restrictions
beginning of year $691,395 · end of year $1,309,945
Mission and programs · 2023
Mission
NC MedAssist is a nonprofit pharmacy program providing access to lifesaving prescription medications, client support, advocacy and other services to poor, vulnerable, and uninsured North Carolina residents.
-
NC MedAssist is a nonprofit pharmacy program providing access to lifesaving prescription medications, patient support, advocacy and related services to poor, vulnerable, and uninsured North Carolina residents. Within the pharmacy program, the manufactures are pulling the donated name brand drugs from their free assistance programs. MedAssist must then pay for the generic alternative. Therefore, our costs are increasing dramatically.The Mobile Free Pharmacy (MFP) Medicine program receives donated OTC medicine from Second Harvest Food Bank of Metrolina. Over $7.2 Million in average retail cost of OTC medicine went out to low-income families this year. Studies show that for every $1 in value of OTC medicine spent, there is a $6 savings in health care costs prevented. The Transitional Jobs Program (TJP) is a paid work-based learning opportunity for individuals who are experiencing long term unemployment and/or barriers to employment. The program is intended to help increase the social, business and customer service skills o its participants so they can have a better chance to break through those barriers and find employment.
Expenses $65,790,396
As filed on the 2023 return.
Listed in Part VII
-
Dustin Allen
Chief Operating
- Total calculated
- $167,530
- From this org
- $161,614
- From related orgs
- $0
- Other
- $5,916
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $159,114
- Bonus
- $2,500
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $5,916
- Filer's total
- $167,530
-
Brenda Vass
CEO
- Total calculated
- $147,632
- From this org
- $141,716
- From related orgs
- $0
- Other
- $5,916
- Hours/week
- 40
-
Jennifer Drammer
Chief Devlopment
- Total calculated
- $112,686
- From this org
- $106,770
- From related orgs
- $0
- Other
- $5,916
- Hours/week
- 40
-
Nicole Dunn
Director
- Total calculated
- $0
- Hours/week
- 2
-
Ashley Riley JD
Imm. Past Chair
- Total calculated
- $0
- Hours/week
- 2
-
Kuldip Patel
Director
- Total calculated
- $0
- Hours/week
- 2
-
Kristy Skender CPA
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Kevin Kendrick
Chairman
- Total calculated
- $0
- Hours/week
- 2
-
Beth Susi MD
Director
- Total calculated
- $0
- Hours/week
- 2
-
Kayla McCann Marty JD
Director
- Total calculated
- $0
- Hours/week
- 2
-
Todd Wells
Vice Chair
- Total calculated
- $0
- Hours/week
- 2
-
Laura M Magennis
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Iris Phillips
HR Comm. Chair
- Total calculated
- $0
- Hours/week
- 2
-
Jay Vora
Pharmacy Commit
- Total calculated
- $0
- Hours/week
- 2
-
Patrick Easterling
Director
- Total calculated
- $0
- Hours/week
- 2
-
Julie Ghurtskaia PhD RN
Director
- Total calculated
- $0
- Hours/week
- 2
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
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.
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.
-
NC Medassist LLC
Non-profit pharmacy · NC
Directly controlled by MedAssist of Mecklenburg
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 20 January 2025
- IRS schema version
- 2023v6.0
- Source object
- 202510209349300001
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