Maisha Meds Inc
- Assets
- $2.1m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 8
- Location
- Walnut Creek, CA
- Founding
- 06/2017
- Data as of
- 12/2021
- EIN
- 81-4618222
Organization Overview
Maisha Meds Inc is located in Walnut Creek, CA. The organization was established in 2017. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Maisha Meds Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maisha Meds Inc 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, Maisha Meds Inc generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 64.2% each year . All expenses for the organization totaled $2.9m 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
THE ORGANIZATION'S MISSION IS TO IMPROVE HEALTHCARE QUALITY IN DEVELOPING COUNTRIES AND CURRENTLY PROVIDE SUPPORT TO PROGRAMS IN KENYA, AND TO LEVERAGE TECHNOLOGY TO IMPROVE PATIENT ACCESS TO AFFORDABLE, HIGH-QUALITY, AND APPROPRIATE MEDICINES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE'RE WORKING TO MAKE QUALITY MEDICINES AFFORDABLE FOR THE 2.5 BILLION PATIENTS WORLDWIDE WHO ACCESS PRIMARY HEALTH CARE AT THEIR LOCAL DRUG SHOP. NOT LONG AGO, WE STARTED AN APP THAT TRACKED MEDICATION SALES AND INVENTORY AT THESE DRUG SHOPS AND CLINICS. NOW WE ARE MOVING INTO MEDICATION SUPPLY CHAINS, PARTNERING WITH SUPPLIERS TO ENSURE THAT EFFECTIVE MEDICINES ARE STOCKED IN PHARMACIES ACROSS EAST AFRICA, AND THAT THEY HAVE THE WORKING CAPITAL TO OPTIMIZE THEIR SHOPS. OUR SOFTWARE IS USED BY HUNDREDS OF PHARMACIES IN AFRICA TO SUPPORT HUNDREDS OF THOUSANDS OF PATIENTS EACH YEAR. FOR THE PEOPLE WHO USE OUR SOFTWARE, IT REPRESENTS A WAY OF TRACKING BUSINESS DECISIONS AND ACCESSING DEALS AND WORKING CAPITAL. FOR PATIENTS, WE HELP STRENGTHEN SUPPLY CHAINS AND ENSURE THAT THE MEDICINE THEY BUY WILL BE AFFORDABLE AND CONSISTENTLY HIGH QUALITY, IN A SETTING WHERE 1 IN 10 PRODUCTS IS COUNTERFEIT OR SUBSTANDARD. MAISHA MEDS SCALED TO OVER 200 PHARMACIES AND LAUNCHED A DIGITAL ORDERING PLATFORM FOR RESTOCKING MEDICINE FROM HIGH QUALITY SUPPLIERS, AND BEGAN BUILDING A STRATEGY FOR REIMBURSING FOR MEDICINES FROM PHARMACIES IN RURAL AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jing Cheng Chief Technology Officer | Officer | 40 | $128,626 |
Jessica Vernon Co-Founder & CEO | OfficerTrustee | 40 | $120,650 |
Amrita Ahuja Chair | OfficerTrustee | 5 | $0 |
Nicholas Singer Secretary | OfficerTrustee | 5 | $0 |
Amanda Glassman Director | Trustee | 5 | $0 |
Catherine Howell Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Miti Health Limited Software Technology | 12/30/21 | $1,072,068 |
University Of California Berkeley Software Technology | 12/30/21 | $120,932 |
Kemri Software Technology | 12/30/21 | $154,000 |
Vyxer Research Management Software Technology | 12/30/21 | $126,217 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $425,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,723,190 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,149,090 |
| 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 | $3,149,090 |
| 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. | $249,276 |
| Compensation of current officers, directors, key employees. | $12,065 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $406,307 |
| Pension plan accruals and contributions | $23,146 |
| Other employee benefits | $44,132 |
| Payroll taxes | $50,152 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,427 |
| Fees for services: Accounting | $39,346 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,887,600 |
| Advertising and promotion | $0 |
| Office expenses | $47,023 |
| Information technology | $98,878 |
| Royalties | $0 |
| Occupancy | $20,285 |
| Travel | $49,987 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,358 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,928,917 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $346,965 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,796,648 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,143,613 |
| Accounts payable and accrued expenses | $67,542 |
| 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 | $67,542 |
| Net assets without donor restrictions | -$31,862 |
| Net assets with donor restrictions | $2,107,933 |
| 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 | $2,143,613 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Maisha Meds Inc has recieved totaling $270,475.
| Awarding Organization | Amount |
|---|---|
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: MALARIA | $260,475 |
National Philanthropic Tr Jenkintown, PA PURPOSE: INTERNATIONAL | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Transfair Usa Oakland, CA | $19,057,567 | $24,006,067 |
Hope Worldwide Ltd San Diego, CA | $8,639,959 | $19,582,305 |
World Emergency Relief San Dimas, CA | $1,123,706 | $17,740,144 |
Rippleworks Inc Redwood City, CA | $1,127,548,161 | $34,942,704 |
Project Concern International San Diego, CA | $10,331,948 | $12,210,235 |
Muso Inc San Francisco, CA | $26,014,068 | $28,737,104 |
Surgical Eye Expeditions International Inc Santa Barbara, CA | $14,555,876 | $8,599,014 |
Volunteers For Interamerican Development Assistance Berkeley, CA | $167,273 | $11,297,919 |
Id Insight Inc San Francisco, CA | $38,189,012 | $28,897,820 |
Seva Foundation Berkeley, CA | $35,516,078 | $12,363,938 |
Peking University Education Foundation Usa San Mateo, CA | $72,899,671 | $11,690,196 |
Camfed U S A Foundation San Francisco, CA | $36,300,793 | $18,741,639 |