Medicare Rights Center Inc
- Assets
- $4.7m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 37
- Location
- New York, NY
- Founding
- 04/1994
- Data as of
- 06/2022
- EIN
- 13-3505372
Organization Overview
Medicare Rights Center Inc is located in New York, NY. The organization was established in 1994. According to its NTEE Classification (E05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Health Care and related organizations. As of 06/2022, Medicare Rights Center Inc employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medicare Rights Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Medicare Rights Center Inc generated $4.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $3.6m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MEDICARE RIGHTS CENTER IS A NATIONAL, NONPROFIT CONSUMER SERVICE ORGANIZATION THAT WORKS TO ENSURE ACCESS TO AFFORDABLE HEALTH CARE FOR OLDER ADULTS AND PEOPLE WITH DISABILITIES THROUGH COUNSELING, ADVOCACY, EDUCATIONAL PROGRAMS, AND PUBLIC POLICY INITIATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HELPLINES: MEDICARE RIGHTS EXPERT STAFF AND VOLUNTEERS ANSWERED MORE THAN 27,000 QUESTIONS ON ITS MULTILINGUAL NATIONAL HELPLINE FOR PEOPLE WITH MEDICARE, THEIR FAMILIES, AND THE PROFESSIONALS SERVING THEM. AS PART OF THIS WORK, MEDICARE RIGHTS PROVIDED OVER 9,740 COUNSELING SESSIONS DEVOTED TO APPEALS AND OTHER MEDICARE-RELATED LEGAL ISSUES.
EDUCATIONAL OUTREACH: MEDICARE RIGHTS EXPERT PRINT AND ONLINE RESOURCES AND TRAININGS, PROVIDED THROUGH MEDICARE INTERACTIVE (WWW.MEDICAREINTERACTIVE.ORG), ANSWERED 2.6 MILLION MEDICARE QUESTIONS AND EMPOWERED PROFESSIONALS ACROSS THE COUNTRY TO BETTER SERVE THEIR OWN OLDER CLIENTS AND THOSE WITH DISABILITIES. AS PART OF THIS WORK, MEDICARE RIGHTS OFFERS ITS TRAINING AND CERTIFICATION SERVICES TO MEDICARE COUNSELORS NATIONALLY THROUGH THE STATE HEALTH INSURANCE ASSISTANCE PROGRAM (SHIP) TECHNICAL ASSISTANCE CENTER AND THE SENIOR MEDICARE PATROL RESOURCE CENTER.
ENROLLMENT SERVICES: MEDICARE RIGHTS SUBMITTED MORE THAN 1,760 MEDICARE COST-SAVING BENEFIT APPLICATIONS FOR ITS CLIENTS, SAVING ENROLLED INDIVIDUALS $7.8 MILLION IN OUT-OF-POCKET HEALTH CARE COSTS AND INCREASING THEIR ACCESS TO NEEDED CARE AND MEDICINES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frederic Riccardi President | Officer | 37.5 | $214,409 |
Marcin Bednarz Director Of It | 37.5 | $136,083 | |
Deane Beebe VP Of Outreach | 37.5 | $129,650 | |
Rachel Bennett VP Of Program Dev | 37.5 | $127,506 | |
Lindsey Copeland Fed Policy Dir | 37.5 | $125,253 | |
Kathy Chin Co-Chairperson | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $335,061 |
| Related organizations | $0 |
| Government grants | $1,818,786 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,110,344 |
| Noncash contributions included in lines 1a–1f | $1,127 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,264,191 |
| Total Program Service Revenue | $567,837 |
| Investment income | $36,611 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$11,884 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,027,841 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $246,438 |
| Compensation of current officers, directors, key employees. | $36,965 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,973,523 |
| Pension plan accruals and contributions | $64,074 |
| Other employee benefits | $375,845 |
| Payroll taxes | $170,133 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $38,397 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $90,580 |
| Advertising and promotion | $4,225 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $322,435 |
| Travel | $3,979 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,914 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,434 |
| Insurance | $20,105 |
| All other expenses | $67,454 |
| Total functional expenses | $3,603,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,056,523 |
| Savings and temporary cash investments | $2,031,749 |
| Pledges and grants receivable | $262,500 |
| Accounts receivable, net | $439,311 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $69,889 |
| Net Land, buildings, and equipment | $7,269 |
| Investments—publicly traded securities | $808,629 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,675,870 |
| Accounts payable and accrued expenses | $106,867 |
| Grants payable | $0 |
| Deferred revenue | $198,079 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $73,324 |
| Total liabilities | $378,270 |
| Net assets without donor restrictions | $3,966,767 |
| Net assets with donor restrictions | $330,833 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,675,870 |
Grants Recieved
Over the last fiscal year, we have identified 24 grants that Medicare Rights Center Inc has recieved totaling $901,753.
| Awarding Organization | Amount |
|---|---|
Community Service Society Of New York New York, NY PURPOSE: DIRECT SERVICE | $592,829 |
Altman Foundation New York, NY PURPOSE: TO SUPPORT BENEFICIARY-CENTERED COUNSELING, TRAINING/EDUCATION, AND ADVOCACY RELATED TO MEDICAID AND MEDICARE COVERAGE FOR NEW YORKERS WHO ARE DUALLY ELIGIBLE | $75,000 |
Aarp Washington, DC PURPOSE: Grant for Medicare and Medicaid educational resources and donation for online webinars | $61,500 |
New York State Health Foundation New York, NY PURPOSE: EMPOWERING NEW YORK MEDICARE BENEFICIARIES IN COMPLEX SITUATIONS | $37,249 |
Isaac H Tuttle Fund New York, NY PURPOSE: DIRECT SERVICE FOR LOW-INCOME NEW YORKERS WITH MEDICARE (NEW INITIATIVE) | $25,000 |
Impactassets Inc Bethesda, MD PURPOSE: GENERAL SUPPORT | $20,000 |
Endowment Analysis
| Beg. Balance | $871,331 |
| Earnings | -$139,006 |
| Net Contributions | $75,000 |
| Ending Balance | $807,325 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cbset Inc Lexington, MA | $14,994,473 | $24,232,593 |
Ibpat District Council No Ii Health Fund Wallingford, CT | $42,564,448 | $17,002,734 |
New York Academy Of Medicine New York, NY | $83,761,526 | $11,379,075 |
United Hospital Fund Of New York New York, NY | $118,804,052 | $10,406,800 |
District Council 1707 Health And Insurance Fund New York, NY | $11,584,860 | $8,948,840 |
Center For Health Care Strategies Inc Hamilton, NJ | $9,820,920 | $6,350,518 |
Massachusetts Health Data Consortium Inc Waltham, MA | $2,199,626 | $5,057,188 |
Drugs For Neglected Diseasesinitiative North America Inc New York, NY | $1,372,645 | $4,153,290 |
Medicare Rights Center Inc New York, NY | $4,675,870 | $4,027,841 |
St Lukes Institute For Health Science New York, NY | $2,576,536 | $2,898,052 |
Independent Health Foundation Buffalo, NY | $4,775,300 | $3,193,474 |
Foundation For Research Into Sexually Transmitted Diseases Inc New York, NY | $1,009,719 | $1,318,302 |