Patients For Affordable Drugs
- Assets
- $525.3k
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 13
- Location
- Washington, DC
- Founding
- 04/2017
- Data as of
- 12/2022
- EIN
- 81-4011501
Organization Overview
Patients For Affordable Drugs is located in Washington, DC. The organization was established in 2017. According to its NTEE Classification (E01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Health Care and related organizations. As of 12/2022, Patients For Affordable Drugs employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Patients For Affordable Drugs is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF PATIENTS FOR AFFORDABLE DRUGS IS TO PROMOTE HEALTH BY RAISING THE VOICES OF PATIENTS AND THEIR FAMILIES ON THE CAUSES OF HIGH DRUG PRICES AND TO HELP EDUCATE THEM ABOUT HOW THEY CAN BE A PART OF THE DISCUSSION AND WORK TO MAKE REFORMS TO THE US SYSTEM OF DRUG PRICING IN THE PRIVATE AND PUBLIC SECTORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL PROGRAM: THE GENERAL PROGRAM CONSISTS OF BUILDING A PATIENT-CENTERED COALITION THAT IS FINANCIALLY INDEPENDENT FROM ANY PHARMACEUTICAL INDUSTRY SUPPORT WITH A MISSION TO EDUCATE THE PUBLIC, PATIENTS, AND KEY STAKEHOLDERS ABOUT BOTH THE REAL-LIFE CHALLENGES THAT PATIENTS FACE UNDER THE CURRENT DRUG DEVELOPMENT AND PRICING FRAMEWORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy Chew Chief Operating Officer | Officer | 40 | $166,097 |
Lucy Westerfield Deputy Executive Director | Officer | 40 | $167,798 |
Sarah Kaminer Bourland Legislative Director | Officer | 40 | $153,533 |
Merith Basey Executive Director | Officer | 40 | $72,934 |
David Mitchell President/founder | OfficerTrustee | 40 | $0 |
Cal Laroche Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,453,409 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,453,409 |
| Total Program Service Revenue | $0 |
| Investment income | $54 |
| 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 | $2,028,313 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $599,034 |
| Compensation of current officers, directors, key employees. | $31,285 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $526,854 |
| Pension plan accruals and contributions | $29,757 |
| Other employee benefits | $36,480 |
| Payroll taxes | $84,351 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,084 |
| Fees for services: Accounting | $9,204 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $67,152 |
| Advertising and promotion | $0 |
| Office expenses | $45,529 |
| Information technology | $131,967 |
| Royalties | $0 |
| Occupancy | $55,742 |
| Travel | $3,547 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,845 |
| Insurance | $7,430 |
| All other expenses | $0 |
| Total functional expenses | $1,808,372 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $339,736 |
| Savings and temporary cash investments | $53,717 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $85,279 |
| 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 | $43,066 |
| Net Land, buildings, and equipment | $3,518 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $525,316 |
| Accounts payable and accrued expenses | $61,303 |
| 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 | $61,303 |
| Net assets without donor restrictions | $464,013 |
| 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 | $525,316 |