Needymeds Inc is located in Gloucester, MA. The organization was established in 2013. According to its NTEE Classification (E01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Health Care and related organizations. As of 12/2021, Needymeds Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Needymeds 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, Needymeds Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 1.9% 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
NEEDYMEDS EDUCATES AND EMPOWERS THOSE SEEKING AFFORDABLE HEALTHCARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEEDYMEDS, INC, PROVIDES INFORMATION THAT HELPS INDIVIDUALS FIND ASSISTANCE WITH MEDICINE AND HEALTHCARE COSTS. THE WEBSITE IS A COMPREHENSIVE, CURRENT AND EASILY ACCESSIBLE RESOURCES ON PROGRAMS INCLUDING BUT NOT LIMITED TO: PHARMACEUTICAL PATIENT ASSISTANCE PROGRAMS; PROGRAMS THAT ASSIST BASED ON DIAGNOSIS; FREE/LOW COST/SLIDING SCALE CLINICS; MEDICATION DISCOUNT COUPONS; CAMPS, SCHOLARSHIPS AND RETREATS BASED ON DIAGNOSIS; AND STATE AND FEDERAL PROGRAMS. ACCESS TO ALL THE INFORMATION IS FREE AND ANONYMOUS. NEEDYMEDS, INC. ALSO OFFERS A FREE DRUG DISCOUNT CARD THAT PROVIDES SAVINGS OF UP TO 80% ON THE CASH PRICE OF PRESCRIPTION DRUGS, OVER-THE-COUNTER MEDICATIONS AND MEDICAL SUPPLIES WRITTEN AS A PRESCRIPTION AND PET PRESCRIPTION DRUGS PURCHASED AT THE PHARMACY. NEEDYMEDS ENDEAVORS TO EDUCATE ADVOCATES AND THE GENERAL PUBLIC ABOUT ALL OF THE POTENTIAL SAVINGS AVAILABLE, MEDICATION ADHERENCE AND PATIENT EMPOWERMENT.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Richard Sagall MD President | Officer | 40 | $167,993 |
Frederick Cowan Chair/director | OfficerTrustee | 0.5 | $0 |
Gisele M Michel Vice-Chair/director | OfficerTrustee | 0.5 | $0 |
Donald Maier MD Treasurer/director | OfficerTrustee | 0.5 | $0 |
Roberta Downey Clerk/director | OfficerTrustee | 0.5 | $0 |
Julie Erickson Director | Trustee | 0.5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $237,637 |
All other contributions, gifts, grants, and similar amounts not included above | $8,548 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $246,185 |
Total Program Service Revenue | $1,754,932 |
Investment income | $78,679 |
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 | $2,079,796 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $2,800 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $170,993 |
Compensation of current officers, directors, key employees. | $14,760 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,175,108 |
Pension plan accruals and contributions | $23,918 |
Other employee benefits | $48,739 |
Payroll taxes | $111,336 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $14,871 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $59,111 |
Information technology | $110,944 |
Royalties | $0 |
Occupancy | $57,290 |
Travel | $1,312 |
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 | $11,410 |
Insurance | $10,778 |
All other expenses | $32,503 |
Total functional expenses | $2,021,634 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $116,641 |
Savings and temporary cash investments | $100 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $94,511 |
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 | $10,932 |
Net Land, buildings, and equipment | $129,603 |
Investments—publicly traded securities | $554,866 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $906,653 |
Accounts payable and accrued expenses | $190,300 |
Grants payable | $0 |
Deferred revenue | $17,000 |
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 | $207,300 |
Net assets without donor restrictions | $0 |
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 | $699,353 |
Total liabilities and net assets/fund balances | $906,653 |
Over the last fiscal year, we have identified 1 grants that Needymeds Inc has recieved totaling $5,411.
Awarding Organization | Amount |
---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $5,411 |
Organization Name | Assets | Revenue |
---|---|---|
Patientrightsadvocate Org Inc Newton, MA | $16,831,821 | $23,214,386 |
Health Leads Inc Boston, MA | $7,390,477 | $12,819,904 |
North Country Healthcare Inc Whitefield, NH | $3,297,109 | $7,107,750 |
National Latina Institute For Reproductive Justice New York, NY | $9,926,135 | $6,374,361 |
Health Care For All Inc Boston, MA | $7,303,569 | $5,595,389 |
Hospital Association Of Rhode Island Providence, RI | $1,648,804 | $2,589,217 |
New Hampshire Hospital Association Concord, NH | $4,512,482 | $2,616,289 |
Needymeds Inc Gloucester, MA | $906,653 | $2,079,796 |
Health Equity Solutions Inc Hartford, CT | $981,432 | $1,949,718 |
Planned Parenthood Empire State Acts Inc Albany, NY | $1,853,757 | $1,337,217 |
Alliance For Better Long Term Care Warwick, RI | $208,750 | $1,009,950 |
Planned Parenthood Advocacy Fund Inc Boston, MA | $812,124 | $699,803 |