Senior Pharmassist Inc
- Assets
- $2.6m
- Revenue
- $1.3m
- Investments
- $222.1k
- Employees
- 11
- Location
- Durham, NC
- Founding
- 09/1998
- Data as of
- 06/2023
- EIN
- 56-2084639
Organization Overview
Senior Pharmassist Inc is located in Durham, NC. The organization was established in 1998. According to its NTEE Classification (E70) the organization is classified as: Public Health, under the broad grouping of Health Care and related organizations. As of 06/2023, Senior Pharmassist Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Senior Pharmassist 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 06/2023, Senior Pharmassist Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $993.9k during the year ending 06/2023. While expenses have increased by 4.2% 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
SENIOR PHARMASSIST HELPS OLDER ADULTS OBTAIN AND BETTER MANAGE NEEDED MEDICATIONS AND PROVIDES TAILORED HEALTH EDUCATION, MEDICARE INSURANCE COUNSELING, COMMUNITY REFERRALS AND ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SENIOR PHARMASSIST HELPED 2,077 INDIVIDUALS IN THE FY ENDED JUNE 30, 3023. WE PROVIDED COMPREHENSIVE SERVICES TO 511 ADULTS 60 AND OLDER IN DURHAM WITH INCOMES BELOW 300 OF THE FPL. THEY BENEFITED FROM MEDICATION THERAPY MANAGEMENT WITH OUR CLINICAL PHARMACISTS TRAINED IN GERIATRICS, MEDICARE INSURANCE COUNSELING, AND TAILORED COMMUNITY REFERRALS TO SUPPORT INDEPENDENCE. OUR DIRECT FINANCIAL ASSISTANCE AS A SECONDARY DRUG COVERAGE HELPED 353 INDIVIDUALS. WE PROVIDED FACE-TO-FACE MEDICARE INSURANCE COUNSELING TO AN ADDITIONAL 967 MEDICARE BENEFICIARIES. ALSO, 598 INDIVIDUALS RECEIVED TAILORED REFERRALS TO COMMUNITY PROGRAMS, PRIMARILY FOR MEDICATION ASSISTANCE, FOOD, OR OTHER FINANCIAL ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gina Upchurch Executive Director | OfficerTrustee | 40 | $110,406 |
Rebecca Reyes Vice President | OfficerTrustee | 2 | $0 |
Cheryl Brewer Director | Trustee | 1 | $0 |
Alice Dillard Director | Trustee | 1 | $0 |
Mary-Jo Keenan Secretary | OfficerTrustee | 2 | $0 |
Meri-Li Douglas Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $22,209 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $629,380 |
| All other contributions, gifts, grants, and similar amounts not included above | $534,585 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,186,174 |
| Total Program Service Revenue | $59,048 |
| Investment income | $103,458 |
| 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 | $1,349,747 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $79,661 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $110,406 |
| Compensation of current officers, directors, key employees. | $22,082 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $523,018 |
| Pension plan accruals and contributions | $13,658 |
| Other employee benefits | $44,861 |
| Payroll taxes | $47,814 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,214 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,080 |
| Fees for services: Other | $34,099 |
| Advertising and promotion | $13,049 |
| Office expenses | $28,883 |
| Information technology | $20,140 |
| Royalties | $0 |
| Occupancy | $35,503 |
| Travel | $213 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,638 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,472 |
| Insurance | $6,268 |
| All other expenses | $0 |
| Total functional expenses | $993,929 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38 |
| Savings and temporary cash investments | $846,809 |
| 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 | $0 |
| Net Land, buildings, and equipment | $5,277 |
| Investments—publicly traded securities | $1,566,232 |
| Investments—other securities | $222,142 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,738 |
| Total assets | $2,643,236 |
| Accounts payable and accrued expenses | $316 |
| 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 | $316 |
| Net assets without donor restrictions | $2,642,920 |
| 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 | $2,643,236 |
Grants Awarded
Over the last fiscal year, Senior Pharmassist Inc has awarded $38,449 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
EL CENTRO HISPANO INC | | | $10,357 |
DURHAM CONGREGATIONS IN ACTION | | | $13,206 |
PROJECT ACCESS OF DURHAM COUNTY | | | $14,886 |