Harborpath Inc
- Assets
- $3.0m
- Revenue
- $12.4m
- Investments
- $0.0
- Employees
- 4
- Location
- Charlotte, NC
- Founding
- 03/2013
- Data as of
- 12/2023
- EIN
- 45-5174402
Organization Overview
Harborpath Inc is located in Charlotte, NC. The organization was established in 2013. According to its NTEE Classification (G81) the organization is classified as: AIDS, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2023, Harborpath Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harborpath 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 12/2023, Harborpath Inc generated $12.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $12.4m during the year ending 12/2023. While expenses have increased by 8.0% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
HARBORPATH'S MISSION IS TO PROVIDE A STREAMLINED PROCESS THAT ENSURES TIMELY ACCESS TO CRITICAL MEDICATIONS FOR UNINSURED PEOPLE LIVING WITH LIFE-THREATENING AND/OR CHRONIC CONDITIONS SUCH AS HIV/AIDS, HEPATITIS, AND OPIOID SUBSTANCE USE DISORDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HARBORPATH IS A SOUTH CAROLINA NONPROFIT CORPORATION THAT WILL CONDUCT PHARMACEUTICAL PROGRAMS CONSISTENT WITH THE EXEMPT PURPOSES LISTED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HARBORPATH WILL SERVE QUALIFIED LOW-INCOME UNINSURED INDIVIDUALS WITH LIFE-THREATENING AND/OR CHRONIC CONDITIONS SUCH AS HIV/AIDS, HEPATITIS, AND OPIOID SUBSTANCE USE DISORDERS THROUGHOUT THE UNITED STATES. HARBORPATH WILL PROVIDE A SEAMLESS SOLUTION TO DELIVER THERAPEUTIC MEDICATION AT NO COST - THROUGH A SIMPLIFIED ONE-STOP-SHOPPING PROCESS. HARBORPATH ENABLES THOSE PROVIDING CARE AND TREATMENT FOR HIV/AIDS, HEPATITIS, AND OPIOID SUBSTANCE USE DISORDERS TO FILL THE MEDICATION GAP FOR THE UNINSURED. THROUGH HARBORPATH'S PARTNERSHIPS WITH INDUSTRY LEADERS, THE ORGANIZATION WILL DIRECTLY IMPACT THE LIVES OF PATIENTS SUFFERING FROM HIV/AIDS, HEPATITIS, AND OPIOID SUBSTANCE USE DISORDERS AT THE COMMUNITY AND NATIONAL LEVELS. EXAMPLES OF THE PROGRAMS THAT WILL BE CONDUCTED BY HARBORPATH INCLUDE THE FOLLOWING: (1) MANAGE PATIENT ASSISTANCE PROGRAM ELIGIBILITY PROCESS ON BEHALF OF PHARMACEUTICAL COMPANIES, (2) DELIVER MEDICATIONS TO PATIENTS/PRESCRIBERS/CLIENTS. RECONNECT PATIENTS TO STATE FUNDED DRUG ASSISTANCE PROGRAMS WHEN POSSIBLE, AND (3) PROVIDE INFORMATION TO PEOPLE WHO ARE INELIGIBLE FOR HARBORPATH SERVICES REGARDING HOW THEY CAN ACCESS TREATMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Donna Sweet Chair | OfficerTrustee | 5 | $0 |
Murray C Penner Board Member | Trustee | 1 | $0 |
Corey Booker Board Member | Trustee | 1 | $0 |
Judith Feinberg Board Member | Trustee | 1 | $0 |
Paulette Heath Board Member | Trustee | 1 | $0 |
Greg Weaver Board Member | Trustee | 1 | $0 |
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 | $12,209,948 |
| Noncash contributions included in lines 1a–1f | $11,155,283 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,209,948 |
| Total Program Service Revenue | $185,393 |
| Investment income | $2,049 |
| 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 | $12,397,392 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $342,222 |
| Grants and other assistance to domestic individuals. | $11,236,551 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $156,732 |
| Compensation of current officers, directors, key employees. | $156,732 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $178,697 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,724 |
| Payroll taxes | $26,954 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,150 |
| Fees for services: Lobbying | $525 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $150,000 |
| Office expenses | $18,273 |
| Information technology | $149,554 |
| Royalties | $0 |
| Occupancy | $58,714 |
| Travel | $23,238 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,368 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $583 |
| Insurance | $12,906 |
| All other expenses | $0 |
| Total functional expenses | $12,403,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,681 |
| Savings and temporary cash investments | $283 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,992 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,777,819 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $417 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,952,192 |
| Accounts payable and accrued expenses | $301,392 |
| 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 | $99,432 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $144,789 |
| Total liabilities | $545,613 |
| Net assets without donor restrictions | $2,406,579 |
| Net assets with donor restrictions | $0 |
| 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 | $2,952,192 |
Grants Awarded
Over the last fiscal year, Harborpath Inc has awarded $342,222 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
COMMONWEALTH OF KENTUCKY PURPOSE: NARCAN RESCUE KITS PROVIDED TO VARIOUS STATE AGENCIES. | $49,342 |
STATE OF ARKANSAS PURPOSE: NARCAN RESCUE KITS PROVIDED TO VARIOUS STATE AGENCIES. | $232,880 |
POLICE ASSISTED ADDICTION AND RECOVERY INITIATIVE INC PURPOSE: TRAINING AND SUPPORT FOR POLICE-BASED ENTRY POINTS PROVIDED FOR TREATMENT AND RECOVERY OF OPIOD USE. | $60,000 |