Abbvie Patient Assistance Foundation
- Assets
- $3.3m
- Revenue
- $139.0m
- Investments
- $0.0
- Employees
- 0
- Location
- North Chicago, IL
- Founding
- 05/2008
- Data as of
- 12/2020
- EIN
- 26-1215559
Abbvie Patient Assistance Foundation Overview
Abbvie Patient Assistance Foundation is located in North Chicago, IL. The organization was established in 2008. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2020, Abbvie Patient Assistance Foundation generated $139.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (63.3%) each year. All expenses for the organization totaled $141.2m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (62.9%) per year over the past 2 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE PHARMACEUTICAL CARE AT NO CHARGE TO ELIGIBLE INDIVIDUALS.
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Abbvie Patient Assistance Foundation Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Walsh President & Director | 1 | $0 | |
Thad Smith Vice Presdient & Director | 10 | $0 | |
Timothy Kolenda Treasurer | 1 | $0 | |
Wayne Klintworth Assistant Treasurer | 0.5 | $0 | |
Steve Scrogham Secretary | 1 | $0 | |
Puneet Arora Assistant Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $138,949,384 |
| Interest on Savings | $4,241 |
| 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 | $138,953,625 |
| 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 | $2,845,097 |
| Total operating and administrative expenses | $2,845,097 |
| Contributions, gifts, grants paid | $138,386,781 |
| Total expenses and disbursements | $141,231,878 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,951,116 |
| 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 | $1,351,072 |
| 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 | $3,302,188 |
| Accounts payable and accrued expenses | $488,596 |
| 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 | $488,596 |
Abbvie Patient Assistance Foundation Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lilly Endowment Inc Indianapolis, IN | $21,002,095,929 | $929,189,401 |
John D & Catherine T Macarthur Foundation Chicago, IL | $7,208,352,632 | $595,397,688 |
Abbvie Patient Assistance Foundation North Chicago, IL | $3,302,188 | $138,953,625 |
Lumina Foundation For Education Inc Indianapolis, IN | $1,274,092,392 | $124,890,321 |
Grainger Foundation Inc Lake Forest, IL | $173,157,729 | $10,585,156 |
Fulk Family Foundation Inc Chicago, IL | $0 | $12,792,339 |
Enterprise Holdings Foundation Clayton, MO | $382,656,366 | $81,414,813 |
Hall Family Foundation Kansas City, MO | $881,677,518 | $43,313,571 |
Caterpillar Foundation Peoria, IL | $93,606,659 | $54,411,827 |
Allstate Foundation Northbrook, IL | $133,045,947 | $53,226,668 |
Pritzker Foundation Chicago, IL | $403,405,415 | $26,713,176 |
Innovative Services Inc Green Bay, WI | $6,449,629 | $33,122,222 |
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