Assistance Fund Inc
- Assets
- $376.1m
- Revenue
- $295.8m
- Investments
- $0.0
- Employees
- 108
- Location
- Orlando, FL
- Founding
- 11/2009
- Data as of
- 12/2021
- EIN
- 27-0270731
Organization Overview
Assistance Fund Inc is located in Orlando, FL. The organization was established in 2009. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. As of 12/2021, Assistance Fund Inc employed 108 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Assistance Fund 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, Assistance Fund Inc generated $295.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.0% each year . All expenses for the organization totaled $304.8m during the year ending 12/2021. While expenses have increased by 20.4% 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 PROVIDE UNDERINSURED PEOPLE LIVING WITH LIFE-THREATENING, CHRONIC, AND RARE DISEASES ACCESS TO CRITICAL TREATMENT THROUGH FINANCIAL ASSISTANCE, EDUCATION, AND ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSISTANCE FUND (TAF) IS AN INDEPENDENT CHARITABLE PATIENT ASSISTANCE ORGANIZATION THAT HELPS PATIENTS AND FAMILIES FACING HIGH MEDICAL OUT-OF-POCKET COSTS BY PROVIDING FINANCIAL ASSISTANCE FOR THEIR COPAYMENTS, COINSURANCE, DEDUCTIBLES, AND OTHER HEALTH-RELATED EXPENSES. IN 2021, TAF ASSISTED 55,194 PATIENTS IN ALL 50 STATES, WASHINGTON, DC, AND PUERTO RICO, AND OFFERED 72 DISEASE PROGRAMS. TAF'S IN-HOUSE CALL CENTER RECEIVED NEARLY 300,000 PHONE CALLS AND HANDLED MORE THAN 23,000 ONLINE CHATS. IN 2021, THE OPERATIONS TEAM UNDERTOOK SEVERAL QUALITY INITIATIVES TO ENHANCE OUR ANNUAL REENROLLMENT PROCESS AND OVERALL CALLER EXPERIENCE, INCLUDING IMPLEMENTING INNOVATIVE TECHNOLOGY TO REDUCE TELEPHONE HOLD TIMES AND PERMANENTLY EXPANDING CALL CENTER HOURS. THIS YEAR TAF PUBLISHED A COMPREHENSIVE CORPORATE COMPLIANCE PLAN AND LAUNCHED AN EMPLOYEE COMPLIANCE CHAMPIONS PROGRAM, BOTH OF WHICH SERVE TO FOSTER A CULTURE OF COMPLIANCE THROUGHOUT EVERY FACET OF OUR OPERATIONS. IN FALL 2021, THE ADVOCACY TEAM LAUNCHED ITS FIRST CAMPAIGN FROM OUR NEW ADVOCACY ACTION CENTER, ENCOURAGING TAF ADVOCATES TO CONTACT THEIR MEMBERS OF CONGRESS TO SUPPORT MEDICARE PART D REFORMS. AS A RESULT OF THE CAMPAIGN, TAF ADVOCATES SENT MORE THAN 1,000 LETTERS ACROSS ALL 50 STATES AND WASHINGTON, DC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Mcgreevy President | Officer | 40 | $386,019 |
Gerald Lauria VP Of Business Development | Officer | 40 | $326,670 |
Steven Alsene CFO | Officer | 40 | $283,260 |
Danielle Vizcaino VP Of Operations | Officer | 40 | $208,760 |
John D' Angelo VP Of Business Intelligence | Officer | 40 | $203,425 |
Judith Fox Sr. Dir Compliance & Med | Officer | 40 | $197,120 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alphascrip Inc Assistance Processor | 12/30/21 | $658,976 |
Hinckley Allen Snyder Llp Legal Services | 12/30/21 | $550,751 |
Salesforce Development Services | 12/30/21 | $529,960 |
Ayodia Llc Development Services | 12/30/21 | $533,000 |
Xtivia Inc Development Services | 12/30/21 | $520,905 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $293,276,162 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $293,276,162 |
| Total Program Service Revenue | $0 |
| Investment income | $2,129,075 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $337,187 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $295,767,415 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $290,285,128 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,529,781 |
| Compensation of current officers, directors, key employees. | $916,518 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,295,338 |
| Pension plan accruals and contributions | $234,391 |
| Other employee benefits | $1,594,576 |
| Payroll taxes | $389,788 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $648,006 |
| Fees for services: Accounting | $60,693 |
| Fees for services: Lobbying | $240,142 |
| Fees for services: Fundraising | $258,363 |
| Fees for services: Investment Management | $127,066 |
| Fees for services: Other | $292,844 |
| Advertising and promotion | $58,462 |
| Office expenses | $89,623 |
| Information technology | $2,080,586 |
| Royalties | $0 |
| Occupancy | $431,593 |
| Travel | $310,209 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,186 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $143,788 |
| Insurance | $33,124 |
| All other expenses | $0 |
| Total functional expenses | $304,758,468 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $315,708,788 |
| Pledges and grants receivable | $29,087,500 |
| 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 | $1,043,259 |
| Net Land, buildings, and equipment | $2,231,563 |
| Investments—publicly traded securities | $28,040,979 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $376,112,089 |
| Accounts payable and accrued expenses | $878,784 |
| 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 | $11,841,758 |
| Total liabilities | $12,720,542 |
| Net assets without donor restrictions | $66,683,632 |
| Net assets with donor restrictions | $296,707,915 |
| 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 | $376,112,089 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Assistance Fund Inc has recieved totaling $38,685.
| Awarding Organization | Amount |
|---|---|
Manuel And Maria Teixeira Family Foundation Inc Mountainside, NJ PURPOSE: DONATION | $25,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,591 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $6,050 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,044 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Assistance Fund Inc Orlando, FL | $376,112,089 | $295,767,415 |
Phoebe Physician Group Inc Albany, GA | $52,578,781 | $205,992,816 |
Uab Health System Managing Board Birmingham, AL | $293,178,635 | $80,834,759 |
Mental Health Resource Center Inc Jacksonville, FL | $17,037,695 | $42,078,397 |
Whole Family Health Center Inc Vero Beach, FL | $16,303,712 | $25,791,986 |
Catholic Health Services Inc Lauderdale Lakes, FL | $32,394,905 | $15,873,919 |
East Georgia Healthcare Center Inc Swainsboro, GA | $14,076,225 | $20,351,311 |
Gift Of Life Marrow Registry Inc Boca Raton, FL | $11,745,818 | $17,402,982 |
Alphanet Inc Coral Gables, FL | $39,001,005 | $15,148,611 |
Northwest Florida Comprehensive Services For Children Inc Birmingham, AL | $2,983,352 | $9,180,646 |
Etowah-Dekalb-Cherokee Mental Health Board Incorporated Attalla, AL | $3,418,084 | $6,908,412 |
Cornerstone Health Services Inc Tavares, FL | $1,008,192 | $4,602,022 |