Needymeds Inc in Gloucester, Massachusetts (MA)
Table of contents:
| Needymeds Inc | |
| Employer Identification Number (EIN) | 752982439 |
| Name of Organization | Needymeds Inc |
| In Care of Name | Richard Sagall |
| Address | PO BOX 219, Gloucester, MA 01931-0219 |
| Subsection | Charitable Organization |
| Ruling Date | 06/2003 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2011 |
| Assets | $500,000 to $999,999 |
| Income | $10,000,000 to $49,999,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $504,587 |
| Amount of Income | $31,927,257 |
| Form 990 Revenue Amount | $31,927,257 |
| National Taxonomy of Exempt Entities (NTEE) | Health - General and Rehabilitative: Alliance/Advocacy Organizations |
Non-representatives - add comments:
Amount of income in 2011: $31,927,257 (it was $3,185,660 in 2010)
| This organization: | $31,927,257 |
| Other organizations performing similar types of work: | $123,263 |
Assets in 2011: $504,587 (it was $347,683 in 2010)
| This organization: | $504,587 |
| Other organizations performing similar types of work: | $66,103 |
Expenses in 2011: $31,729,932
| This organization: | $31,729,932 |
| Other organizations performing similar types of work: | $148,716 |
Income to expenses ratio in 2011: 1.0
| This organization: | 1.0 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2011: 99.2%
| Needymeds Inc: | 99.2% |
| Other organizations performing similar types of work: | 79.0% |
Revenue for 2011
Support schedule
| Statements Regarding Other IRS Filings and Tax Compliance (for 2011) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Gross income from members or shareholders | $0 |
| Gross income from other sources | $0 |
| Statement of Revenue (for 2011) | |
| Total revenue | $31,927,257 |
| Contributions, Gifts, Grants and Other Similar Amounts | $31,676,959 |
| Program Service Revenue | $0 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $3,252 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental income | $0 |
| Net gain from sales of assets other than inventory | $0 |
| Net income from fundraising events | $0 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $247,046 |
| Gross sales of inventory, less returns and allowances | $247,046 |
| Less: cost of goods sold | $0 |
| Miscellaneous Revenue | $0 |
| Statement of Functional Expenses (for 2011) | |
| Total functional expenses | $31,729,932 |
| Compensation of current officers, directors, trustees, and key employees | $92,323 |
| Other salaries and wages | $0 |
| Payroll taxes | $41,144 |
| Professional fundraising services | $0 |
| Other | $31,596,465 |
| Balance Sheet (for 2011) | |
| Total assets | $504,587 |
| Total liabilities | $174,803 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $0 |
| Unsecured notes and loans payable to unrelated third parties | $0 |
| Other | $174,803 |
| Total net assets or fund balances | $329,784 |
| Retained earnings, endowment, accumulated income, or other funds | $329,784 |
| Reason for Public Charity Status (for 2011) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011) | |
| 2007 - 2011 Total | |
|---|---|
| Total Support | $113,498,221 |
| Gifts, grants, contributions, and membership fees received | $113,482,287 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $15,934 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Needymeds Inc | PO BOX 219, Gloucester, MA 01931-0219 | MA | 2003-06 | $31,927,257 |
| 2 | Health Leads Inc | 2 Oliver St 10th Flr, Boston, MA 02109-4901 | MA | 2003-07 | $25,697,813 |
| 3 | Wake County Medical Society Community Health Foundation Inc | Community Health Foundation, Raleigh, NC 27607 | NC | 2000-08 | $12,346,537 |
| 4 | Heritage Action For America | 214 Massachusetts Ave Ne No 400, Washington, DC 20002-4958 | DC | 2010-08 | $8,819,317 |
| 5 | National Reach Coalition Inc | 610 N Bullard Street, Silver City, NM 88061 | NM | 2010-05 | $4,949,930 |
| 6 | Wellness Council Of Arizona Inc | 1670 N Kolb Rd Ste 246, Tucson, AZ 85715-4942 | AZ | 2007-11 | $1,299,388 |
| 7 | Needymeds Inc | PO BOX 219, Gloucester, MA 01931-0219 | MA | 2013-08 | $1,278,814 |
| 8 | Public Sector Solutions For Americas Health Care Future | 625 Liberty Ave Ste 3200, Pittsburgh, PA 15222-5757 | PA | 2008-12 | $1,139,318 |
| 9 | Central Oregon Health Council | PO BOX 6689, Bend, OR 97708-6689 | OR | 2013-11 | $936,157 |
| 10 | Conservatives For Patients Rights Action Fund | C/O Cathy Gellatly 568 9th Street S, Naples, FL 34102 | FL | 2009-06 | $771,887 |
| 11 | Rural Health Innovation Collaborative Inc | 1606 N 7th St, Terre Haute, IN 47804-2706 | IN | 2010-04 | $757,194 |
| 12 | Partnership For Healthcareexcellence Inc | 1135 Tremont St Ste 420, Roxbury Xing, MA 02120-2140 | MA | 2007-06 | $410,928 |
| 13 | Advocates For Integrative Medicine Inc | Po Box 782, Pembroke, MA 02359 | MA | 2001-11 | $0 |
| 14 | Friends And Family Fighting Als | 45 River Rd, Winthrop, MA 02152-3113 | MA | 2014-07 | $0 |
| 15 | Hampshire County Partnership To Improve End Of Life Care Inc | P O Box 41, Northampton, MA 01061 | MA | 2007-03 | $0 |
| 16 | International Student Bioethics Initiative, Isbi | PO BOX 230149, Boston, MA 02123-0149 | MA | 2002-05 | $0 |
| 17 | Massachusetts Advocates For Nursing Home Reform | Pob 560224, Medford, MA 02156 | MA | 2007-04 | $0 |
| 18 | Massachusetts Association Of Community Health Inc | 40 Court Street 10th Floor, Boston, MA 02108 | MA | 2001-08 | $0 |
| 19 | Massachusetts Patient Advocacy Alliance Foundation Inc | 8 Woodside Ave, Jamaica Plain, MA 02130-2920 | MA | 2015-01 | $0 |
| 20 | South Coast Bikeway Alliance | 88 Broadway, Taunton, MA 02780 | MA | 2014-09 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 347 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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