Teva Cares Foundation
- Assets
- $5.4m
- Revenue
- $27.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Parsippany, NJ
- Founding
- 09/2010
- Data as of
- 12/2021
- 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 12/2021, Teva Cares Foundation generated $27.5m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $28.7m during the year ending 12/2021. While expenses have increased by 2.2% per year over the past 4 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
PROVIDES PRESCRIPTION DRUGS AT NO COST TO QUALIFYING INDIVIDUALS UNDER A PATIENT ASSISTANCE PROGRAM EXPENSE INCLUDE DRUGSS AND A SERVICE TO ADMINISTER THE PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Shanahan Director And Officer | 1 | $0 | |
Dave Loughery Director | 1 | $0 | |
Christine Baeder Director | 1 | $0 | |
Tom Rainey Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $27,543,240 |
| 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 | $27,543,240 |
| 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 | $161,337 |
| Total operating and administrative expenses | $2,895,503 |
| Contributions, gifts, grants paid | $25,760,338 |
| Total expenses and disbursements | $28,655,841 |
| 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 | $5,112,557 |
| Total assets | $5,384,978 |
| Accounts payable and accrued expenses | $922,809 |
| 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 | $922,809 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Teva Cares Foundation has recieved totaling $14,499.
| Awarding Organization | Amount |
|---|---|
Aaep Foundation Inc Lexington, KY PURPOSE: GRANT TO FURTHER EQUINE PROMOTION | $14,499 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Valley Physician Servcies Inc Ridgewood, NJ | $110,045,746 | $118,274,692 |
Garnet Health Doctors Pc Middletown, NY | $50,171,701 | $81,156,131 |
The Westchester Medical Practice Pc Yorktown Heights, NY | $21,408,961 | $63,027,165 |
Hr Physician Services Huntingdon Valley, PA | $97,551,934 | $52,907,501 |
Evercare Choice Inc Newburgh, NY | $7,909,897 | $57,811,239 |
Behavioral Health Of Cambria County Johnstown, PA | $13,438,306 | $53,814,603 |
Lakeville Surgery Pc Westbury, NY | $0 | $24,920,784 |
Extraordinary Home Care Bayside, NY | $10,125,734 | $37,003,889 |
Person Directed Supports Inc Whitehall, PA | $7,470,318 | $33,920,174 |
Teva Cares Foundation Parsippany, NJ | $5,384,978 | $27,543,240 |
Visiting Nurse Association Of Somerset Hills Basking Ridge, NJ | $6,955,740 | $5,235,670 |
Mercy Flight Inc Buffalo, NY | $49,278,322 | $26,481,483 |