Initiative For Medicines Access &knowledge I-Mak Inc
- Assets
- $1.8m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 5
- Location
- Lewes, DE
- Founding
- 08/2007
- Data as of
- 12/2021
- EIN
- 20-8559302
Organization Overview
Initiative For Medicines Access &knowledge I-Mak Inc is located in Lewes, DE. The organization was established in 2007. According to its NTEE Classification (I83) the organization is classified as: Public Interest Law, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2021, Initiative For Medicines Access &knowledge I-Mak Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Initiative For Medicines Access &knowledge I-Mak 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 12/2021, Initiative For Medicines Access &knowledge I-Mak Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 13.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD A MORE JUST AND EQUITABLE MEDICINES SYSTEM FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, I-MAK'S PUBLIC EDUCATION PROGRAM AIMED TO MAKE THE ROLE OF PATENTS CENTRAL IN THE DRUG PRICING CONVERSATION. I-MAK TESTIFIED IN A HEARING BY THE HOUSE COMMITTEE ON OVERSIGHT AND REFORM ON DRUG PRICING AND PATENTING PRACTICES, WHICH CULMINATED IN A CONGRESSIONAL REPORT THAT CITED I-MAK'S RESEARCH THROUGHOUT. WE USED COMMUNICATIONS AND STAKEHOLDER ENGAGEMENT TO REVEAL HOW STRUCTURAL INEQUITIES AT EVERY LEVEL OF THE MEDICINES SYSTEM - BROUGHT INTO SHARP FOCUS BY THE COVID-19 PANDEMIC - LEAD TO UNNECESSARY SUFFERING AND DEATH FOR MILLIONS OF PEOPLE WORLDWIDE. WE LAUNCHED OUR PARTICIPATORY CHANGEMAKING MODEL TO GENERATE NEW SOLUTIONS: BRINGING PEOPLE TOGETHER WHO ARE IDEOLOGICALLY, GEOGRAPHICALLY, AND SECTORALLY DIVERSE TO DISCUSS AND SHAPE THE FUTURE OF MEDICINES, STARTING WITH THE PATENT SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tahir Amin Co-Founder/co-Executive Director | OfficerTrustee | 40 | $137,500 |
Priti Krishtel Co-Founder/co-Executive Director | OfficerTrustee | 40 | $128,032 |
Monica Mehta Secretary | OfficerTrustee | 1 | $0 |
Renu Saini Board Vice Chair | OfficerTrustee | 1 | $0 |
Lara Galinksy Board Chair | OfficerTrustee | 1 | $0 |
Anne Lebleu Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $168,126 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,654,483 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,822,609 |
| Total Program Service Revenue | $33,305 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,855,914 |
| 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. | $289,906 |
| Compensation of current officers, directors, key employees. | $21,427 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $198,362 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,580 |
| Payroll taxes | $37,545 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,773 |
| Fees for services: Accounting | $116,522 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $213,728 |
| Advertising and promotion | $0 |
| Office expenses | $13,093 |
| Information technology | $14,677 |
| Royalties | $0 |
| Occupancy | $2,686 |
| Travel | $138 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $190,775 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $674 |
| Insurance | $2,732 |
| All other expenses | $274,122 |
| Total functional expenses | $1,371,313 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,540,343 |
| Savings and temporary cash investments | $5,022 |
| Pledges and grants receivable | $285,000 |
| Accounts receivable, net | $0 |
| 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 | $1,857 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,832,222 |
| Accounts payable and accrued expenses | $93,987 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $93,987 |
| Net assets without donor restrictions | $1,428,235 |
| Net assets with donor restrictions | $310,000 |
| 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 | $1,832,222 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Initiative For Medicines Access &knowledge I-Mak Inc has recieved totaling $1,772,317.
| Awarding Organization | Amount |
|---|---|
Laura And John Arnold Foundation Houston, TX PURPOSE: TO SUPPORT THE DEVELOPMENT OF AN OUTLINE OF STRATEGY AND POLICY RECOMMENDATIONS FOR FEDERAL PATENT REFORM. | $565,000 |
Ford Foundation New York, NY PURPOSE: GENERAL SUPPORT | $250,000 |
Economic Security Project Action Inc New York, NY PURPOSE: WE ARE IN A ONCE-IN-A-GENERATION MOMENT TO CREATE LONG-TERM STRUCTURAL CHANGE TO ADDRESS CORPORATE CONCENTRATION IN PATENTS, THE PHARMACEUTICAL INDUSTRY, AND BEYOND. THE SYNERGISTIC EFFECTS OF A DRUG PRICING CRISIS, A GLOBAL PANDEMIC, AND A RACIAL AWAKENING HAS PRIMED A PUBLIC DIRECTLY AFFECTED BY ACCESS TO MEDICINES/VACCINES FOR EQUITY AND POLITICIANS TO FUNDAMENTALLY SHIFT THE STRUCTURES THAT ALLOW CORPORATIONS TO EXTEND AND EXPAND THEIR MONOPOLIES. THE PURPOSE OF THIS GRANT IS TO CREATE THE ENVIRONMENT FOR STRUCTURAL CHANGE THAT PRIORITIZES EQUITY ACROSS OUR PATENT AND MEDICINES SYSTEMS BY UPLEVELING OUR COMMUNICATIONS, EDUCATION, AND PARTNERSHIP EFFORTS THAT HAVE BEEN KEY TO BUILDING POLITICAL SUPPORT - BOTH INSIDE THE HALLS OF CONGRESS AND BEYOND. WE WILL ACCOMPLISH THIS BY USING OUR NEARLY TWO DECADES OF EXPERIENCE IN DEEP ANALYTICAL RESEARCH AND STAKEHOLDER INFORMED COLLABORATION TO ACTIVATE KEY STAKEHOLDERS AND BE A VOICE IN THE MEDIA TO CENTER THE NATIONAL CONVERSATION ON EQUI | $225,000 |
Foundation To Promote Open Society New York, NY PURPOSE: TO PROVIDE GENERAL SUPPORT | $200,000 |
Jewish Community Foundation Of Southern Arizona Tucson, AZ PURPOSE: SUPPORT | $150,000 |
Foundation To Promote Open Society New York, NY PURPOSE: TO PROVIDE GENERAL SUPPORT | $125,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Legal Aid Society Inc Wilmington, DE | $4,484,753 | $6,404,383 |
Seniorlaw Center Philadelphia, PA | $2,159,079 | $4,174,831 |
Disability Rights New Jersey A New Jersey Nonprofit Corporation Trenton, NJ | $2,974,873 | $3,846,484 |
Public Justice Center Inc Baltimore, MD | $3,311,123 | $3,104,378 |
Homeless Advocacy Project Philadelphia, PA | $2,374,051 | $2,134,382 |
The Public Interest Law Center Philadelphia, PA | $4,801,262 | $2,191,927 |
Abolitionist Law Center Pittsburgh, PA | $2,949,531 | $3,543,117 |
Homeless Persons Representation Project Inc Baltimore, MD | $271,076 | $1,464,346 |
Initiative For Medicines Access &knowledge I-Mak Inc Lewes, DE | $1,832,222 | $1,855,914 |
Legal Clinic For The Disabled Inc Philadelphia, PA | $1,143,608 | $1,391,247 |
Community Environmental Legal Defense Fund Mercersburg, PA | $2,154,344 | $474,247 |
Civil Justice Inc Baltimore, MD | $545,549 | $787,435 |