Amgen Safety Net Foundation
- Assets
- $300.0m
- Revenue
- $1.9b
- Investments
- $0.0
- Employees
- 0
- Location
- Thousand Oaks, CA
- Founding
- 08/2003
- Data as of
- 12/2021
- EIN
- 22-3850021
Organization Overview
Amgen Safety Net Foundation is located in Thousand Oaks, CA. The organization was established in 2003. According to its NTEE Classification (G51) the organization is classified as: Arthritis, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Amgen Safety Net Foundation 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, Amgen Safety Net Foundation generated $1.9b in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 64.1% each year . All expenses for the organization totaled $1.7b during the year ending 12/2021. While expenses have increased by 64.7% per year over the past 6 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY FUNCTION OF AMGEN SAFETY NET FOUNDATION ("ASNF") IS TO PROVIDE POOR, INDIGENT AND FINANCIALLY DISTRESSED PATIENTS WITH ACCESS TO CERTAIN PRESCRIPTION DRUG THERAPIES THAT THEY COULD NOT OTHERWISE AFFORD. THE PRESCRIPTION DRUGS THAT ASNF DISTRIBUTES ARE PRODUCTS PRODUCED BY AMGEN INC. AND ITS AFFILIATES. AMGEN INC. AND ITS AFFILIATES CONTRIBUTE ALL DRUG PRODUCTS TO ASNF AT NO COST. (AMGEN INC. IS A GLOBAL BIOTECHNOLOGY COMPANY THAT DISCOVERS, DEVELOPS, MANUFACTURES AND MARKETS HUMAN THERAPEUTICS BASED ON ADVANCES IN CELLULAR AND MOLECULAR BIOLOGY.) IN PARTICULAR ASNF DISTRIBUTES ARANESP, EPOGEN, NEULASTA, N-PLATE, NEUPOGEN, PROLIA, XGEVA, SENSIPAR, VECTIBIX, CORLANOR, REPATHA, BLINCYTO, KYPROLIS, IMLYGIC, ENBREL, PARSABIV, AIMOVIG, EVENITY, KANJINTI, MVASI, AVSOLA, RIABNI, LUMAKRAS, & OTEZLA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eduardo Cetlin President | 2 | $0 | |
W Blair Fields Vice President | 8 | $0 | |
Dennis Yai Secretary | 2 | $0 | |
Eileen Cui Treasurer | 2 | $0 | |
Elain Cleary Director | 1 | $0 | |
Andrea Robinson Asst. Secretary | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rxc Acquisition Company | 12/30/21 | $9,961,530 |
Kpmg | 12/30/21 | $233,852 |
Regalo Rx | 12/30/21 | $3,847,181 |
Ups | 12/30/21 | $3,014,489 |
360cx Llc | 12/30/21 | $265,126 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,910,039,859 |
| Interest on Savings | $2 |
| Dividends & Interest | $11,420 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,910,051,281 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $159 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,737,606,712 |
| Total operating and administrative expenses | $1,737,883,951 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,737,883,951 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $49,419,558 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $250,564,781 |
| Prepaid expenses and deferred charges | $2,220 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $685 |
| Total assets | $299,987,244 |
| Accounts payable and accrued expenses | $3,546,075 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,508,939 |
| Total liabilities | $5,055,014 |
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|---|---|---|
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The Right Hand Foundation Los Altos, CA | $1,783,188 | $274,469 |
Hip Sen Benevolent Association Daly City, CA | $3,455,020 | $229,714 |
Cancer Research And Treatment Institute Glendale, AZ | $19,804 | $83,184 |
Frances M Hamburger Phd Institute For Community Rheumatolo Los Angeles, CA | $302,167 | $56,606 |
Sierra Arthritis Foundation Irvine, CA | $4,706 | $14 |