Prescription Drug Assistance Foundation
- Assets
- $145.6k
- Revenue
- $204.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Spokane, WA
- Founding
- 10/2006
- Data as of
- 12/2021
- EIN
- 33-1134368
Organization Overview
Prescription Drug Assistance Foundation is located in Spokane, WA. The organization was established in 2006. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. As of 12/2021, Prescription Drug Assistance Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prescription Drug Assistance 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, Prescription Drug Assistance Foundation generated $204.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $189.6k during the year ending 12/2021. 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 LOW INCOME STATE RESIDENTS WITH PRESCRIPTION MEDICATIONS AT NO OR VERY LOW COSTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, THE FOUNDATION OBTAINED OVER $9,500,000 WORTH OF MEDICATIONS FOR PATIENTS THROUGHOUT THE STATE AT NO OR LOW COST. THIS REPRESENTS A ROI OF 28:1.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Armstrong Executive Director | Officer | 40 | $71,000 |
Emiliano Sanchez President | OfficerTrustee | 2 | $0 |
Karen Howe Treasurer | OfficerTrustee | 2 | $0 |
Tommy Tobin Director | Trustee | 1 | $0 |
Cathy Simchuk Director | Trustee | 1 | $0 |
Eric Lohnes Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $23,650 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $181,144 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $204,794 |
| Total Program Service Revenue | $0 |
| Investment income | $11 |
| 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 | $204,805 |
| 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. | $71,000 |
| Compensation of current officers, directors, key employees. | $7,100 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,567 |
| Pension plan accruals and contributions | $3,701 |
| Other employee benefits | $31,714 |
| Payroll taxes | $11,064 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,857 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $300 |
| Fees for services: Other | $0 |
| Advertising and promotion | $89 |
| Office expenses | $1,964 |
| Information technology | $155 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,380 |
| All other expenses | $0 |
| Total functional expenses | $189,630 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,461 |
| Savings and temporary cash investments | $1,503 |
| Pledges and grants receivable | $36,667 |
| 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 | $0 |
| 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 | $145,631 |
| Accounts payable and accrued expenses | -$1,350 |
| 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 | -$1,350 |
| Net assets without donor restrictions | $110,314 |
| Net assets with donor restrictions | $36,667 |
| 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 | $145,631 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Prescription Drug Assistance Foundation has recieved totaling $85,000.
| Awarding Organization | Amount |
|---|---|
Providence Health & Services Washington Renton, WA PURPOSE: OPERATIONAL SUPPORT | $60,000 |
Pharmaceutical Research And Manufacturers Of America Washington, DC PURPOSE: General Contribution | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Delta Dental Plan Of Idaho Inc Boise, ID | $87,689,036 | $77,341,867 |
Greater Oregon Behavioral Health Inc The Dalles, OR | $40,204,483 | $75,610,299 |
Agc Health Benefit Trust Fund Wilsonville, OR | $1,717,335 | $11,419,505 |
Project Access Now Portland, OR | $3,304,431 | $11,644,157 |
Cardea Services Seattle, WA | $4,317,520 | $8,115,813 |
Yanke Health Benefit Trust Boise, ID | $2,730,346 | $4,157,608 |
Reliance Ehealth Collaborative Medford, OR | $1,759,328 | $3,920,929 |
Lewis-Clark Valley Healthcare Foundation Lewiston, ID | $24,700,877 | $2,195,171 |
Joy Of It Inc Lake Oswego, OR | $354,854 | $1,248,539 |
Center For Integrated Care Seattle, WA | $722,970 | $850,494 |
Pierce County Community Resiliency Fund Tacoma, WA | $8,300,037 | $3,434,484 |
A Refuge Trauma Informed Therapies Spokane, WA | $106,129 | $432,272 |