Medassist Of Mecklenburg
- Assets
- $13.0m
- Revenue
- $71.4m
- Investments
- $0.0
- Employees
- 44
- Location
- Charlotte, NC
- Founding
- 08/1997
- Data as of
- 06/2022
- EIN
- 56-2018957
Organization Overview
Medassist Of Mecklenburg is located in Charlotte, NC. The organization was established in 1997. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, Medassist Of Mecklenburg employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medassist Of Mecklenburg 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, Medassist Of Mecklenburg generated $71.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $69.0m during the year ending 06/2022. While expenses have increased by 6.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
NC MEDASSIST IS A NONPROFIT PHARMACY PROGRAM PROVIDING ACCESS TO LIFESAVING PRESCRIPTION MEDICATIONS, CLIENT SUPPORT, ADVOCACY AND OTHER SERVICES TO POOR, VULNERABLE, AND UNINSURED NORTH CAROLINA RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NC MEDASSIST IS A NONPROFIT PHARMACY PROGRAM PROVIDING ACCESS TO LIFESAVING PRESCRIPTION MEDICATIONS, PATIENT SUPPORT, ADVOCACY AND RELATED SERVICES TO POOR, VULNERABLE, AND UNINSURED NORTH CAROLINA RESIDENTS. WITHIN THE PHARMACY PROGRAM, THE MANUFACTURES ARE PULLING THE DONATED NAME BRAND DRUGS FROM THEIR FREE ASSISTANCE PROGRAMS. MEDASSIST MUST THEN PAY FOR THE GENERIC ALTERNATIVE. THEREFORE, OUR COSTS ARE INCREASING DRAMATICALLY.THE MOBILE FREE PHARMACY (MFP) MEDICINE PROGRAM RECEIVES DONATED OTC MEDICINE FROM SECOND HARVEST FOOD BANK OF METROLINA. OVER $5.5 MILLION IN AVERAGE RETAIL COST OF OTC MEDICINE WENT OUT TO LOW-INCOME FAMILIES THIS YEAR. STUDIES SHOW THAT FOR EVERY $1 IN VALUE OF OTC MEDICINE SPENT, THERE IS A $6 SAVINGS IN HEALTH CARE COSTS PREVENTED. THE SENIOR CARE PROGRAM IS A PHARMACY RESOURCE FOR ADULTS 65 AND OVER OR MEDICARE ELIGIBLE DISABLED ADULTS. IF MEDICARE PART D PRESCRIPTION BENEFITS RUN OUT DURING THE YEAR, SENIORS CAN UTILIZE THE PROGRAM TO LEARN ABOUT OTHER MEDICINE OPTIONS FROM OUR PHARMACIST WHO IS AN EXPERT IN MEDICARE POLICIES.THE TRANSITIONAL JOBS PROGRAM (TJP) WAS CREATED IN 2018 WITH THE MISSION TO HIRE AND TRAIN INDIVIDUALS WHO HAVE HAD BARRIERS TO EMPLOYMENT THROUGH MATTERS SUCH AS PERSONAL CIRCUMSTANCES, FAMILY ISSUES, OR INCARCERATION.NC MEDASSIST HIRES THESE ASSOCIATES AS PAID TEMPORARY EMPLOYEES AS THEY DEVELOP JOB SKILLS AND BUILD THEIR RESUMES.THUS, GIVING THEM A BETTER CHANCE TO BREAK THROUG THOSE BARRIERS AND FIND EMPLOYMENT WHEN THEY COMPLETE THE 120-DAY PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dustin Allen Pharmacy Mgr | 40 | $146,771 | |
Lori Giang Executive Direc | Officer | 40 | $142,037 |
Andrea Rogers Pharmacist | 40 | $118,020 | |
Kayla Marty Secretary | OfficerTrustee | 2 | $0 |
Patrick Easterling Chairman | OfficerTrustee | 2 | $0 |
Nicole Dunn Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $218,795 |
| Membership dues | $0 |
| Fundraising events | $198,914 |
| Related organizations | $0 |
| Government grants | $2,726,228 |
| All other contributions, gifts, grants, and similar amounts not included above | $68,347,677 |
| Noncash contributions included in lines 1a–1f | $66,339,752 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $71,491,614 |
| Total Program Service Revenue | $0 |
| Investment income | $5,913 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$76,216 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $71,421,311 |
| 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. | $147,893 |
| Compensation of current officers, directors, key employees. | $133,104 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,792,674 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $129,598 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $118,647 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $288,113 |
| Travel | $124,775 |
| 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 | $50,505 |
| Insurance | $14,575 |
| All other expenses | $432,175 |
| Total functional expenses | $68,994,590 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,664,012 |
| Savings and temporary cash investments | $838,997 |
| Pledges and grants receivable | $496,244 |
| Accounts receivable, net | $24,897 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,543,553 |
| Prepaid expenses and deferred charges | $42,808 |
| Net Land, buildings, and equipment | $341,299 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,128 |
| Total assets | $12,976,938 |
| Accounts payable and accrued expenses | $198,276 |
| 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 | $198,276 |
| Net assets without donor restrictions | $11,887,150 |
| Net assets with donor restrictions | $891,512 |
| 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 | $12,976,938 |