Better Medicare Alliance Inc
- Assets
- $6.9m
- Revenue
- $26.1m
- Investments
- $0.0
- Employees
- 12
- Location
- Washington, DC
- Founding
- 01/2016
- Data as of
- 12/2023
- EIN
- 47-4633356
Organization Overview
Better Medicare Alliance Inc is located in Washington, DC. The organization was established in 2016. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Better Medicare Alliance Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Better Medicare Alliance Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Better Medicare Alliance Inc generated $26.1m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 27.4% each year . All expenses for the organization totaled $28.9m during the year ending 12/2023. 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
BMA IS THE LEADING COALITION OF PROVIDERS, COMMUNITY-BASED ORGANIZATIONS, EMPLOYERS, HEALTH PLANS, AGING SERVICE AGENCIES, ADVOCATES, RETIREE ORGANIZATIONS, AND BENEFICIARIES WHO SUPPORT MEDICARE ADVANTAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, BMA ISSUED SEVEN NEW POLICY RECOMMENDATIONS TO STRENGTHEN MEDICARE ADVANTAGE (MA). WE SPEARHEADED ADVOCACY EFFORTS THAT ACHIEVED RECORD BIPARTISAN, BICAMERAL CONGRESSIONAL SUPPORT FOR MA, COMMISSIONED AND PRESENTED CRUCIAL RESEARCH, AND HOSTED TIMELY EDUCATIONAL PROGRAMS THROUGHOUT THE YEAR. WE EXPANDED AND DEEPENED ENGAGEMENT AMONG BMAS 200+ ALLIES, AND WE BOOSTED GRASSROOTS ACTIVATION NATIONWIDE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary E Donahue President CEO & Secretary | OfficerTrustee | 40 | $842,500 |
Christopher Long SVP Government Affairs | 40 | $512,458 | |
Gierer Greg VP Policy And Research | 40 | $259,025 | |
Robin A Goracke Chief Of Staff | 40 | $219,880 | |
Kaitlyn Saal-Ridpath Director Of Policy & Research | 40 | $197,297 | |
Kristen Voyvodich Director Of Operations | 40 | $118,749 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Plus Communications Llc Communications | 12/30/23 | $2,030,661 |
Avalere Health Healthcare Consult | 12/30/23 | $1,166,413 |
The Morning Consult Llc Business Intel | 12/30/23 | $170,000 |
Chcg Llc Consulting | 12/30/23 | $180,000 |
Convene Eventsupport | 12/30/23 | $287,488 |
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 | $26,081,962 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,081,962 |
| Total Program Service Revenue | $0 |
| Investment income | $22,252 |
| 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 | $26,104,214 |
| 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. | $902,500 |
| Compensation of current officers, directors, key employees. | $164,645 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,455,497 |
| Pension plan accruals and contributions | $71,536 |
| Other employee benefits | $75,754 |
| Payroll taxes | $113,540 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $73,423 |
| Fees for services: Accounting | $68,378 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,774,643 |
| Advertising and promotion | $17,834,268 |
| Office expenses | $84,003 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $303,120 |
| Travel | $17,398 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,178,017 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,221 |
| Insurance | $9,051 |
| All other expenses | $1,925,000 |
| Total functional expenses | $28,902,349 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,854,901 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $255,061 |
| Net Land, buildings, and equipment | $26,174 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,791,693 |
| Total assets | $6,927,829 |
| Accounts payable and accrued expenses | $1,105,899 |
| 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 | $849,368 |
| Total liabilities | $1,955,267 |
| Net assets without donor restrictions | $4,972,562 |
| 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 | $6,927,829 |