Novartis Patient Assistance Foundation in East Hanover, New Jersey (NJ)

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Novartis Patient Assistance Foundation
Employer Identification Number (EIN)262502555
Name of OrganizationNovartis Patient Assistance Foundation
In Care of NameAccounting Department
Address1 S Ridgedale Ave, East Hanover, NJ 07936-3142
SubsectionCharitable Organization
Ruling Date03/2010
DeductibilityContributions are deductible
FoundationPrivate operating foundation (other)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$10,000,000 to $49,999,999
Income$50,000,000 to greater
Filing Requirement990 - Not required to file (all other)
Asset Amount$32,501,913
Amount of Income$460,662,269
Form 990 Revenue Amount$345,394,640
National Taxonomy of Exempt Entities (NTEE)Health - General and Rehabilitative: Health Support Services


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Amount of income in 2013: $460,662,269 (it was $467,999,604 in 2012)
Novartis Patient Assistance Foundation: 

 $460,662,269
Other organizations performing similar types of work: 

 $120,401

Assets in 2013: $32,501,913 (it was $31,616,576 in 2012)
This organization: 

 $32,501,913
Other organizations performing similar types of work: 

 $72,612

Expenses in 2013: $459,776,932
This organization: 

 $459,776,932
Other organizations performing similar types of work: 

 $96,831

Income to expenses ratio in 2013: 1.0
This organization: 

 1.0
Other organizations performing similar types of work: 

 1.2

Grants share in income in 2013: 100.0%
This organization: 

 100.0%
Other organizations performing similar types of work: 

 99.2%

Financial snapshot ($)

Expenses for 2013

Analysis of Revenue and Expenses (for 2013)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$460,662,269$0$0
Contributions, gifts, grants, etc., received$460,662,269
Interest on savings and temporary cash investments$0
Dividends and interest from securities$0
Gross rents$0
Gross sales price for all assets$0
Gross profit from sales of goods$0
Other income$0
Total expenses and disbursements$459,776,932$0$0$459,776,932
Compensation of officers, directors, trustees, etc.$0
Pension plans, employee benefits$0
Legal fees$0
Accounting fees$0
Interest$0
Depreciation$0
Occupancy$0
Travel, conferences, and meetings$0
Printing and publications$0
Total operating and administrative expenses$6,795,116$0$6,795,116
Contributions, gifts, grants paid$452,981,816
Excess of revenue over expenses and disbursements$885,337
Net investment income$0
Adjusted net income$0
Balance Sheets
201120122013
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$23,278,108$23,278,108$31,616,576$31,616,576$32,501,913$32,501,913
Cash - non-interest-bearing$0$0$0
Investments-U.S. and state government obligations$0$0$0
Investments-corporate stock$0$0$0
Investments-corporate bonds$0$0$0
Investments-mortgage loans$0$0$0
Investments-other$0$0$0
Other assets$0$0
Total liabilities$1$0$0
Total liabilities and net assets/fund balances$23,278,108$31,616,576$32,501,913
Capital Gains and Losses for Tax on Investment Income
201120122013
Capital gain net income$0$0$0
Net capital loss$0$0$0
Excise Tax Based on Investment Income
201120122013
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNoNo
Tax based on investment income$0$0$0
Total credits and payments$0$0$0
Any penalty for underpayment of estimated tax$0$0$0
Tax due$0$0
Overpayment$0$0
Amount to be credited to next year's estimated tax$0$0$0
Statements Regarding Activities
201120122013
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?NoNoNo
Has the foundation engaged in any activities that have not previously been reported to the IRS?NoNo
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?NoNo
Has the foundation filed a tax return on Form 990-T for this year?NoNo
Was there a liquidation, termination, dissolution, or substantial contraction during the year?NoNoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?YesYes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?YesYesYes
Did any persons become substantial contributors during the tax year?NoNo
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?NoNo
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?YesYes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041NoNo
Statements Regarding Activities for Which Form 4720 May Be Required
201120122013
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?YesYesYes
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?NoNoNo
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNoNo
Agree to pay money or property to a government official?NoNoNo
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?NoNo
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?NoNo
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?NoNoNo
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?NoNo
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?NoNoNo
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?NoNoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNoNo
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?NoNo
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?NoNoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoNoNo
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?NoNoNo
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNoNo
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?NoNo
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
Minimum Investment Return
201120122013
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$0$0$0
Net value of noncharitable-use assets$0$0
Minimum investment return$0$0$0
Distributable Amount
201120122013
Distributable amount$0$0$0
Undistributed Income
201120122013
Distributable amount for this year$0$0$0
Undistributed income for this year. This amount must be distributed in the next year$0$0$0
Private Operating Foundations (for 2010 - 2013)
2013201220112010Total
The lesser of the adjusted net income or the minimum investment return$1$0$0$0$1
Qualifying distributions made directly for active conduct of exempt activities$460,662,269$467,999,604$338,808,892$262,208,346$1,529,679,111
Value of all assets$32,501,913$31,616,576$23,278,108$16,692,360$104,088,957
Value of assets qualifying under section 4942(j)(3)(B)(i)$32,501,913$31,616,576$23,278,108$16,692,360$104,088,957
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
Supplementary Information (for 2013)
Grants approved for future payment$0
Analysis of Income-Producing Activities (for 2013)
AmountRelated or exempt function income
Program service revenue
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$0$0
Dividends and interest from securities$0$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
CashNo
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Novartis Patient Assistance Foundation1 S Ridgedale Ave, East Hanover, NJ 07936-3142NJ2010-03$460,662,269
2Valley Physician Servcies Inc, The Valley Medical Group223 N Van Dien Ave, Ridgewood, NJ 07450-2726NJ2005-03$49,181,918
3Emergency Physicians Of Englewood Pc350 Engle St, Englewood, NJ 07631-1808NJ2014-07$6,831,512
4Visiting Nurse Association Of Somerset Hills200 Mount Airy Rd, Basking Ridge, NJ 07920-2313NJ1988-10$6,619,068
5Tri-County Cardiovascular Services Pc509 N Broad St, Woodbury, NJ 08096-1617NJ2013-12$3,426,810
6Physician Partners Of Englewood Pc350 Engle St, Englewood, NJ 07631-1808NJ2014-09$501,921
7Urban Healthcare Initiative Program Inc613 Park Ave, East Orange, NJ 07017-1905NJ2010-09$485,102
8Sharingvillage Cancer Survivor Groups Inc201 Dryden Rd, Bernardsville, NJ 07924-1108NJ2002-07$354,205
9Lfwk, Lifework A Nj Non Profit Org270 Industrial Way W, Eatontown, NJ 07724-2206NJ2013-08$245,342
10Richard Simon Center For Alzheimers IncPO BOX 238, Northfield, NJ 08225-0238NJ2014-08$201,689
11Reformed Mission Services Inc415 Boulevard, Pompton Plns, NJ 07444-1030NJ2012-04$162,544
12American Friends Of Hatzolah Beit Shemesh Inc400 South Lake Drive, Lakewood, NJ 08701NJ2006-07$135,349
13Survivors Of Cancer Inc1402 S Route 9 S 189, Cape May Court House, NJ 08210NJ2009-12$107,921
14Shrewsbury First Aid SquadPO BOX 262, Shrewsbury, NJ 07702-0262NJ2009-10$79,523
15Toms River First Aid Squad Inc11 Irons Street, Toms River, NJ 08754NJ1999-10$71,099
16Atlantic Highlands First Aid & Safety Squad Inc10 East Highland Avenue, Atlantic Highlands, NJ 07716NJ2009-11$58,041
17Gails Angels Foundation Inc56 N Spring Garden Ave, Nutley, NJ 07110NJ2008-03$43,016
18Central Jersey Health Information Exchange Project8 Old Bridge Turnpike, S River, NJ 08882-2400NJ2010-12$25,000
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Number of organizations performing similar types of work
Alaska5
Alabama22
Arkansas16
Arizona44
California308
Colorado68
Connecticut38
District of Columbia25
Delaware4
Florida178
Georgia92
Hawaii13
Iowa23
Idaho16
Illinois78
Indiana41
Kansas27
Kentucky17
Louisiana24
Massachusetts70
Maryland60
Maine15
Michigan88
Minnesota46
Missouri47
Mississippi17
Montana12
North Carolina96
North Dakota6
Nebraska17
New Hampshire14
New Jersey75
New Mexico14
Nevada27
New York169
Ohio87
Oklahoma26
Oregon41
Pennsylvania94
Rhode Island11
South Carolina42
South Dakota5
Tennessee50
Texas191
Utah19
Virginia70
Vermont9
Washington62
Wisconsin37
West Virginia14
Wyoming7
International9
Total2,586

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