Med Assist Premium Assistance
- Assets
- $136.0
- Revenue
- $2.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Frisco, TX
- Founding
- 09/2019
- Data as of
- 12/2022
- EIN
- 81-2096134
Organization Overview
Med Assist Premium Assistance is located in Frisco, TX. The organization was established in 2019. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Med Assist Premium Assistance 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 12/2022, Med Assist Premium Assistance generated $2.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.8%) each year. All expenses for the organization totaled $2.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
MED ASSIST PREMIUM ASSISTANCE'S PRIMARY CHARITABLE ACTIVITY IS PAYING THE MINIMAL ESSENTIAL COVERAGE PREMIUMS FOR QUALIFIED INDIVIDUALS, SO THAT EVEN THOSE THAT CANNOT AFFORD MINIMAL ESSENTIAL COVERAGE CAN HAVE IT.
MED ASSIST PREMIUM ASSISTANCE'S SECONDARY CHARITABLE PURPOSE IS TO PROVIDE HUMANITARIAN EFFORTS ACROSS THE GLOBE. HUMANITARIAN EFFORTS ARE PRIMARILY FOCUSED AROUND MEDICAL NECESSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheryl Cole Director | 2 | $0 | |
Thomas Cole Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,300 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,300 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,432 |
| Total operating and administrative expenses | $2,432 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,432 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $136 |
| 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 |