Teva Cares Foundation
- Assets
- $7.9m
- Revenue
- $35.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Parsippany, NJ
- Founding
- 09/2010
- Data as of
- 12/2022
- EIN
- 26-3977456
Organization Overview
Teva Cares Foundation is located in Parsippany, NJ. The organization was established in 2010. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Teva Cares 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 12/2022, Teva Cares Foundation generated $35.5m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $32.6m during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES PRESCRIPTION DRUGS AT NO COST TO QUALIFYING INDIVIDUALS UNDER A PATIENT ASSISTANCE PROGRAM EXPENSE INCLUDE DRUGS AND A SERVICE TO ADMINISTER THE PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Baeder Director | 1 | $0 | |
Tom Rainey Director | 1 | $0 | |
Carol Richardson Director And President | 1 | $0 | |
Brian Sharkey Director And Vice Chair | 1 | $0 | |
Marc Eida Director | 1 | $0 | |
Susan Larijani Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $35,461,866 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| 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 | $35,461,866 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $789,790 |
| Total operating and administrative expenses | $4,017,420 |
| Contributions, gifts, grants paid | $28,578,797 |
| Total expenses and disbursements | $32,596,217 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $272,421 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $7,586,896 |
| Total assets | $7,859,317 |
| Accounts payable and accrued expenses | $531,500 |
| 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 | $0 |
| Total liabilities | $531,500 |