Rx Foundation
- Assets
- $50.8m
- Revenue
- $6.1m
- Investments
- $49.0m
- Employees
- 0
- Location
- Hadley, MA
- Founding
- 07/2002
- Data as of
- 12/2021
- EIN
- 81-0556499
Organization Overview
Rx Foundation is located in Hadley, MA. The organization was established in 2002. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rx Foundation 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, Rx Foundation generated $6.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 43.8% each year . All expenses for the organization totaled $3.8m during the year ending 12/2021. While expenses have increased by 6.2% per year over the past 4 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.
Since 2019, Rx Foundation has awarded 115 individual grants totaling $12,549,337. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Riley Secretary | 25 | $85,300 | |
George Hatch Trustee, President | 5 | $0 | |
Heidi Behforouz MD Trustee | 5 | $0 | |
Donald M Berwick MD Mpp Frcp Trustee | 5 | $0 | |
Whitney Hatch Trustee, Treasurer | 5 | $0 | |
Christopher Angell Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pathstone | 12/30/21 | $95,013 |
Powerlabs | 12/30/21 | $60,000 |
Generation Im Global Equity Fund Llc | 12/30/21 | $50,685 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $175 |
| Dividends & Interest | $510,338 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,447,512 |
| Capital Gain Net Income | $5,447,512 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $126,028 |
| Total Revenue | $6,084,053 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $85,300 |
| Other employee salaries and wages | $17,647 |
| Pension plans, employee benefits | $11,731 |
| Interest | $0 |
| Taxes | $78,837 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,379 |
| Total operating and administrative expenses | $606,416 |
| Contributions, gifts, grants paid | $3,150,065 |
| Total expenses and disbursements | $3,756,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,800,116 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $41,569,298 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $50,754,617 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Rx Foundation has awarded $3,732,313 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: CONTRIBUTIONS TO THE RX FOUNDATION DONOR ADVISED FUND. | $303,209 |
COMMUNITY SOLUTIONS PURPOSE: HEALTHCARE AND HOMELESSNESS PILOT IN PARTNERSHIP WITH IHI, FOUR HEALTH SYSTEMS, AND SEVEN BUILT FOR ZERO COMMUNITIES ACROSS THE US. | $250,000 |
ALABAMA ARISE PURPOSE: BUILDING CAPACITY FOR HEALTH ADVOCACY IN ALABAMA. | $150,000 |
Boston, MA PURPOSE: BUILDING CAPACITY FOR HEALTH ADVOCACY IN APPALACHIA. | $150,000 |
St Louis, MO PURPOSE: BUILDING CAPACITY FOR HEALTH ADVOCACY IN MISSOURI. | $150,000 |
Washington, DC PURPOSE: FISCAL SPONSOR FOR GRANT TO CIVIC HEALTH ALLIANCE: SUPPORTING THE CIVIC HEALTH COMPACT. | $150,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rx Foundation has recieved totaling $16,115.
| Awarding Organization | Amount |
|---|---|
The Healing Trust Nashville, TN PURPOSE: TO FURTHER THE EXEMPT PURPOSES OF THE ORGANIZATION. | $16,115 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Interlaken Foundation Inc NEW YORk, NY | $351,082,390 | $62,213,890 |
Massmutual Foundation Inc Springfield, MA | $16,295,000 | $8,380,000 |
Brooklyn Community Foundation Brooklyn, NY | $117,862,940 | $42,787,989 |
The@macmillan Family Foundation Inc New York, NY | $313,323,783 | $55,336,840 |
Foundation For Opioid Response Efforts New York, NY | $121,364,686 | $9,522,193 |
Friends Of Ahavat Shalom Inc Monsey, NY | $3,129,424 | $10,586,531 |
Barnett & Annalee Newman Foundation Tr New York, NY | $11,118,262 | $1,105,539 |
Lone Pine Foundation Inc Greenwich, CT | $70,601,962 | $14,308,044 |
Citizen Of Burma Award Organization Inc Jackson Heights, NY | $195,993 | $9,716,460 |
Cullen Foundation Buffalo, NY | $115,865,929 | $16,357,498 |
Fiduciary Charitable Foundation Boston, MA | $117,480,981 | $103,573,534 |
Danoff Fam Private Charitable Foundation Tr Albany, NY | $116,755,274 | $33,799,667 |