Rx Foundation
- Assets
- $41.8m
- Revenue
- $1.7m
- Investments
- $39.8m
- Employees
- 0
- Location
- Hadley, MA
- Founding
- 07/2002
- Data as of
- 12/2023
- 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 12/2023, Rx Foundation generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $3.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Rx Foundation has awarded 191 individual grants totaling $20,937,577. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RX PARTNERS NETWORK - THE RX FOUNDATION PROVIDES TRAINING, COACHING, AND COMMUNICATIONS OPPORTUNITIES FOR RX FOUNDATION GRANT RECIPIENTS AND CONNECTS GRANT PARTNERS DIRECTLY WITH CONTENT AND SKILL EXPERTS AND TECHNICAL ASSISTANCE ORGANIZATIONS. THE TARGETED COACHING PROGRAM INCLUDES FUNDING AND INTRODUCTIONS TO A ROSTER OF COACHES AND TECHNICAL ASSISTANCE PROVIDERS WHO WERE READY AND WILLING TO ENGAGE. THIS OPTIONAL PROGRAM GIVES GRANT PARTNERS A BOOST TO FOCUS ON GOALS THAT ARE ALIGNED WITH THE PURPOSE OF THE GRANT BUT MIGHT NOT HAVE BEEN ARTICULATED IN THEIR ORIGINAL PROPOSALS, AND TO MEET COACHES AND EXPERTS WHO WERE NOT ALREADY KNOWN TO THEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Hatch Trustee, President | 5 | $0 | |
Whitney Hatch Trustee, Treasurer | 5 | $0 | |
Christopher Angell Trustee | 5 | $0 | |
Heidi Behforouz MD Trustee | 5 | $0 | |
Donald M Berwick MD Mpp Frcp Trustee | 5 | $0 | |
Ann Hwang MD Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Powerlabs | 12/30/23 | $80,000 |
Pathstone | 12/30/23 | $73,760 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $147,038 |
| Dividends & Interest | $534,463 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,092,141 |
| Capital Gain Net Income | $1,090,909 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$46,634 |
| Total Revenue | $1,727,008 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $98,600 |
| Other employee salaries and wages | $67,708 |
| Pension plans, employee benefits | $25,146 |
| Interest | $825 |
| Taxes | $17,379 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $53,451 |
| Total operating and administrative expenses | $712,720 |
| Contributions, gifts, grants paid | $2,417,792 |
| Total expenses and disbursements | $3,130,512 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,028,090 |
| 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 | $35,329,833 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $41,820,351 |
| 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 $4,417,792 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
ALABAMA COALITION FOR IMMIGRANT JUSTICE PURPOSE: SUPPORTING EFFORTS TO BUILD AND SUSTAIN THE HEALTH AND RESILIENCY OF ACIJ'S COMMUNITY IN THE YEAR AHEAD. | $50,000 |
ALABAMA ARISE PURPOSE: SUPPORTING ARISE'S EFFORTS TO STRENGTHEN GRASSROOTS ORGANIZING AND COMMUNITY ENGAGEMENT TO WORK PROACTIVELY TOWARD POLICIES AND PRACTICES THAT WILL IMPROVE THE HEALTH AND WELL-BEING OF PEOPLE IN ALABAMA. | $75,000 |
ARAB COMMUNITY CENTER FOR ECONOMIC AND SOCIAL SERVICES (ACCESS) PURPOSE: FISCAL SPONSOR FOR THE NATIONAL NETWORK OF ARAB AMERICAN COMMUNITIES: CAPACITY-BUILDING AND INFRASTRUCTURE OF THE NATIONAL NETWORK FOR ARAB AMERICAN COMMUNITIES AND ITS MEMBERS TO ORGANIZE AND ADVOCATE FOR POLICIES THAT WILL IMPROVE THE HEALTH AND WELL-BEING OF ARAB AMERICAN PEOPLE IN THE UNITED STATES. | $150,000 |
BAY AREA WOMEN COALITION INC PURPOSE: SUPPORTING EFFORTS TO BUILD AND SUSTAIN THE HEALTH AND RESILIENCY OF BAY AREA WOMEN COALITION'S COMMUNITY IN THE YEAR AHEAD. | $25,000 |
COMMON COUNSEL FOUNDATION PURPOSE: FISCAL SPONSOR OF RISING MAJORITY: SUPPORTING RISING MAJORITY'S EFFORTS TO EXPAND THEIR COALITION AND SHARPEN THEIR ANALYSIS OF THE ROLE THAT HEALTH JUSTICE PLAYS IN THE BROADER PUSH FOR STRUCTURAL CHANGE. | $150,000 |
DOCTORS FOR AMERICA PURPOSE: FISCAL SPONSOR OF CIVIC HEALTH ALLIANCE: GENERAL OPERATING SUPPORT TO SUPPORT CAPACITY-BUILDING EFFORTS. | $65,000 |