Johns Hopkins Pharmaquip Inc
- Assets
- $73.3m
- Revenue
- $128.2m
- Investments
- $35.3m
- Employees
- 663
- Location
- Baltimore, MD
- Founding
- 02/1994
- Data as of
- 06/2022
- EIN
- 52-1450994
Organization Overview
Johns Hopkins Pharmaquip Inc is located in Baltimore, MD. The organization was established in 1994. According to its NTEE Classification (E50) the organization is classified as: Rehabilitative Care, under the broad grouping of Health Care and related organizations. As of 06/2022, Johns Hopkins Pharmaquip Inc employed 663 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Johns Hopkins Pharmaquip 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 06/2022, Johns Hopkins Pharmaquip Inc generated $128.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $126.2m during the year ending 06/2022. While expenses have increased by 3.2% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE DURABLE MEDICAL EQUIPMENT AND PHARMACY SERVICES TO SUPPORT IN HOME PATIENTS.
Describe the Organization's Program Activity:
DISCHARGE PHARMACY SERVICES: THE PURPOSE OF JOHNS HOPKINS PHARMAQUIP, INC. IS TO PROVIDE OUTPATIENT MEDICATIONS TO PATIENTS OF JOHNS HOPKINS INSTITUTIONS IN A MANNER THAT IS COORDINATED BY PHARMACY SPECIALISTS WITH PHYSICIANS AND OTHER PATIENT CARE PROVIDERS. THE SERVICES PROVIDED INCLUDE PATIENT COUNSELING, INSURANCE AUTHORIZATION AND ASSISTANCE WITH OBTAINING DISCOUNTED OR FREE MEDICATIONS FROM MANUFACTURERS.
HME: THE PURPOSE OF JOHNS HOPKINS PHARMAQUIP, INC. IS TO PROVIDE MEDICAL SUPPLIES, DURABLE MEDICAL EQUIPMENT, OXYGEN AND RESPIRATORY EQUIPMENT AND SERVICES TO PATIENTS. THE SERVICE INCLUDES DELIVERY AND SET UP OF ALL EQUIPMENT. REGULAR FOLLOW UP WITH PHONE AND IN-HOME CONSULATIONS ASSESS THE PATIENT'S HEALTH AND MAINTAIN THE EQUIPMENT. JOHNS HOPKINS PHARMAQUIP, INC. SERVES PATIENTS COVERED BY MEDICARE, MEDICAID AND COMMERCIAL INSURERS.
THE PURPOSE OF JOHNS HOPKINS PHARMAQUIP, INC. IS TO PROVIDE EQUIPMENT, MEDICATION AND EXPERT NURSING CARE TO ASSIST PATIENTS AND THEIR FAMILIES IN ADMINISTERING INTRAVENOUS MEDICATIONS. ADMINISTRATION SETTINGS INCLUDE THE PATIENT'S HOME OR ALTERNATE INFUSION SITES. REGISTERED NURSES ARE ALL HIGHLY SKILLED. JOHNS HOPKINS PHARMAQUIP, INC., PROVIDES SERVICES TO PATIENTS COVERED BY MEDICARE, MEDICAID AND COMMERCIAL INSURANCE PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary G Myers President/trustee | OfficerTrustee | 15 | $0 |
Kevin W Sowers Msn RN Faan Chairman/trustee | Trustee | 1 | $0 |
Mohammed Shafeeq Ahmed MD Trustee | Trustee | 1 | $0 |
Richard G Bennett MD Trustee | Trustee | 1 | $0 |
Mark Marcantano Trustee | Trustee | 1 | $0 |
Scott Berkowitz MD Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Moon Corporation Inc Dba Speedy Courier Courier Service | 6/29/22 | $2,133,442 |
Central Admixture Pharmacy Pharmacy Services | 6/29/22 | $2,163,533 |
Shipment Trackers Inc Delivery Services | 6/29/22 | $1,786,281 |
United Parcel Service Inc Delivery Services | 6/29/22 | $789,624 |
Resmed Corp Dba Brightree Llc Consulting | 6/29/22 | $445,453 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $199,403 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $199,403 |
| Total Program Service Revenue | $116,292,727 |
| Investment income | $0 |
| 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 | $128,163,099 |
| 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. | $270,800 |
| Compensation of current officers, directors, key employees. | $270,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $41,426,602 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,360,260 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $2,177 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,818,027 |
| Advertising and promotion | $1,200 |
| Office expenses | $4,571,844 |
| Information technology | $1,945,756 |
| Royalties | $0 |
| Occupancy | $976,804 |
| Travel | $1,017,580 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $40,801 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $418,469 |
| Insurance | $182,472 |
| All other expenses | $3,750 |
| Total functional expenses | $126,194,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,520 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,629,249 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,013,005 |
| Prepaid expenses and deferred charges | $43,140 |
| Net Land, buildings, and equipment | $828,324 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $35,316,696 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,472,601 |
| Total assets | $73,348,535 |
| Accounts payable and accrued expenses | $11,256,050 |
| 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 | $3,262,404 |
| Total liabilities | $14,518,454 |
| Net assets without donor restrictions | $58,830,081 |
| 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 | $73,348,535 |