Fresenius Medical Care Foundation Inc
- Assets
- $1.8m
- Revenue
- $921.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Waltham, MA
- Founding
- 05/2018
- Data as of
- 12/2023
- EIN
- 82-3971173
Organization Overview
Fresenius Medical Care Foundation Inc is located in Waltham, MA. The organization was established in 2018. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fresenius Medical Care Foundation 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 12/2023, Fresenius Medical Care Foundation Inc generated $921.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $811.6k during the year ending 12/2023. While expenses have increased by 6.9% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE LIVES BY RAISING AWARENESS OF KIDNEY DISEASE AND IGNITING THE ADVANCEMENT OF LIFE-SAVING SOLUTIONS, AND THROUGH OUR CARES FUND, TO SUPPORT ELIGIBLE EMPLOYEES IMPACTED BY UNFORESEEN EMERGENCY SITUATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRANSPLANT FUND - TO ENSURE EVERYONE WHO NEEDS A KIDNEY AND IS ABLE TO RECEIVE ONE DOES SO THROUGH TRANSPLANT.IN 2023, THE TRANSPLANT FUND HAD $34,736 OF IN-KIND SALARIES AND PROFESSIONAL SERVICES, WHICH ARE NOT REFLECTED IN PROGRAM EXPENSES.
CARES FUND - THE CARES FUND WAS CREATED TO SUPPORT ELIGIBLE EMPLOYEES IMPACTED BY UNFORESEEN EMERGENCY SITUATIONS.IN 2023, THE CARES FUND HAD $83,863 OF IN-KIND SALARIES AND PROFESSIONAL SERVICES, WHICH ARE NOT REFLECTED IN PROGRAM EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Sonnen Board Chair | OfficerTrustee | 0.1 | $0 |
William Valle Pres. & Board Member (until 12/2023) | OfficerTrustee | 0.1 | $0 |
Anne Gaeta Board Member | Trustee | 0.1 | $0 |
Thomas Brouillard Vice President | Officer | 0.1 | $0 |
Karen Gledhill Secretary (until 8/2023) | Officer | 0.1 | $0 |
Mark Fawcett Treasurer (until 8/2023) | Officer | 0.1 | $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 | $855,782 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $855,782 |
| Total Program Service Revenue | $0 |
| Investment income | $65,361 |
| 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 | $921,143 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $733,551 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,170 |
| Fees for services: Accounting | $63,440 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $166 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $7,260 |
| Total functional expenses | $811,587 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $331,631 |
| Savings and temporary cash investments | $1,403,530 |
| Pledges and grants receivable | $107,635 |
| 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 | $3,597 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,080 |
| Total assets | $1,847,473 |
| Accounts payable and accrued expenses | $3,848 |
| Grants payable | $172,954 |
| Deferred revenue | $10,000 |
| 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 | $186,802 |
| Net assets without donor restrictions | $1,546,385 |
| Net assets with donor restrictions | $114,286 |
| 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 | $1,847,473 |
Grants Awarded
Over the last fiscal year, Fresenius Medical Care Foundation Inc has awarded $733,551 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED NETWORK FOR ORGAN SHARING PURPOSE: ORGAN TRANSPORTATION, LOGISTICS AND TRACKING PROJECT | $96,585 |
EMERGENCY ASSISTANCE FOUNDATION INC PURPOSE: CARES FUND GRANT PROGRAM | $636,966 |