Bayer Us Patient Assistance Foundation
- Assets
- $183.5m
- Revenue
- $972.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Whippany, NJ
- Founding
- 08/2014
- Data as of
- 12/2023
- EIN
- 90-0918808
Organization Overview
Bayer Us Patient Assistance Foundation is located in Whippany, NJ. The organization was established in 2014. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bayer Us Patient Assistance 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, Bayer Us Patient Assistance Foundation generated $972.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $923.9m during the year ending 12/2023. While expenses have increased by 22.3% per year over the past 5 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR THE YEAR ENDED 12/31/2023, THE FOUNDATION DISTRIBUTED FREE OF CHARGE A VARIETY OF PHARMACEUTICAL PRODUCTS
PRODUCT DISTRIBUTION COSTS
VARIOUS PROFESSIONAL & MISCELLANOUS OPERATING COSTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael J Mcdonald Chair | 0 | $0 | |
Theresa Natalicchio Director | 0 | $0 | |
Richard K Heller Vice President Tax | 0 | $0 | |
Richard Liner Secretary | 0 | $0 | |
Keith R Abrams Assistant Secretary | 0 | $0 | |
Albert Mitchell President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $972,454,116 |
| 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 | $972,454,116 |
| 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 | $4,801 |
| Other expenses | $8,685,440 |
| Total operating and administrative expenses | $8,691,304 |
| Contributions, gifts, grants paid | $915,173,087 |
| Total expenses and disbursements | $923,864,391 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $198,492 |
| 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 | $183,259,745 |
| 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 | $183,458,237 |
| 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 |