Medbank Foundation Incorporated
- Assets
- $248.3k
- Revenue
- $337.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Savannah, GA
- Founding
- 12/1995
- Data as of
- 12/2021
- EIN
- 58-2149978
Organization Overview
Medbank Foundation Incorporated is located in Savannah, GA. The organization was established in 1995. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medbank Foundation Incorporated 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, Medbank Foundation Incorporated generated $337.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $356.9k during the year ending 12/2021. 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
TO ASSIST CHRONICALLY ILL, UNINSURED, AND UNDERINSURED RESIDENTS IN OBTAINING PRESCRIPTION MEDICATIONS FREE-OF-CHARGE FROM PHARMACEUTICAL COMPANIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ASSIST MEDICALLY INDIGENT RESIDENTS OF THE GEORGIA COUNTIES OF BRYAN, BULLOCH, CHATHAM, EFFINGHAM, LIBERTY, LONG, AND MACINTOSH IN OBTAINING PRESCRIPTION MEDICATIONS. REFERRALS ARE ENROLLED IN DRUG MANUFACTURER ASSISTANCE PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pat Edwards Executive Director | OfficerTrustee | 40 | $54,238 |
Andrea Mckeever Board Chair | OfficerTrustee | 0 | $0 |
Rob Roberts Vice Chair | OfficerTrustee | 0 | $0 |
I William Drought III Director | Trustee | 0 | $0 |
Lester B Johnson III JD Secretary | Trustee | 0 | $0 |
Tammy Stokes Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $103,540 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $49,938 |
| All other contributions, gifts, grants, and similar amounts not included above | $184,063 |
| Noncash contributions included in lines 1a–1f | $35,637 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $337,541 |
| Total Program Service Revenue | $0 |
| 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 | $337,541 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $33,338 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $54,238 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $166,369 |
| Pension plan accruals and contributions | $31,238 |
| Other employee benefits | $0 |
| Payroll taxes | $15,985 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,809 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,694 |
| Office expenses | $14,258 |
| Information technology | $9,836 |
| Royalties | $0 |
| Occupancy | $3,727 |
| Travel | $4,487 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $136 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $884 |
| Insurance | $2,019 |
| All other expenses | $1,875 |
| Total functional expenses | $356,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $165,769 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $51,882 |
| Accounts receivable, net | $4,470 |
| 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 | $214 |
| Net Land, buildings, and equipment | $959 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,000 |
| Total assets | $248,294 |
| Accounts payable and accrued expenses | $10,864 |
| 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 | $27,500 |
| Total liabilities | $38,364 |
| Net assets without donor restrictions | $209,930 |
| 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 | $248,294 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Medbank Foundation Incorporated has recieved totaling $13,606.
| Awarding Organization | Amount |
|---|---|
The Savannah Community Foundation Inc Savannah, GA PURPOSE: FINANCIAL SUPPORT | $13,600 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $6 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Ancillary Services Inc Gray, GA | $30,792,192 | $79,626,521 |
Blue Ridge Healthcare Medical Group Inc Morganton, NC | $29,518,541 | $62,090,684 |
Tampa General Medical Group Inc Tampa, FL | $82,785,446 | $37,257,583 |
Kids Central Inc Wildwood, FL | $12,554,700 | $58,090,506 |
Rural Health Group Inc Roanoke Rapids, NC | $39,335,445 | $53,812,682 |
Partnership For Strong Families Inc Gainesville, FL | $5,636,786 | $39,153,981 |
Alliant Health Solutions Inc Atlanta, GA | $35,899,821 | $40,943,922 |
Community Based Care Of Brevard Inc Rockledge, FL | $5,543,285 | $34,911,244 |
Santafe Healthcare Inc Gainesville, FL | $36,635,812 | $16,853,066 |
Health Choice Network Inc Miami, FL | $25,593,946 | $21,697,553 |
Duke Integrated Network Inc Durham, NC | $2,381,377 | $12,476,427 |
Gulfside Healthcare Services Inc Land O Lakes, FL | $10,978,757 | $4,930,557 |