Novartis Patient Assistance Foundation
- Assets
- $159.7m
- Revenue
- $2.5b
- Investments
- $0.0
- Employees
- 0
- Location
- East Hanover, NJ
- Founding
- 03/2010
- Data as of
- 12/2021
- EIN
- 26-2502555
Organization Overview
Novartis Patient Assistance Foundation is located in East Hanover, NJ. The organization was established in 2010. 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. Novartis 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 12/2021, Novartis Patient Assistance Foundation generated $2.5b in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 45.3% each year . All expenses for the organization totaled $2.6b during the year ending 12/2021. While expenses have increased by 47.4% per year over the past 4 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
DELIVERY OF LIFE SUSTAINING MEDICATIONS TO CLINICS AND APPROXIMATELY 127,000 QUALIFYING FINANCIALLY NEEDY PATIENTS WHO LACK INSURANCE COVERAGE THROUGH PATIENT ASSISTANCE CONTRACTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexis Meyers Director | 1 | $0 | |
Patricia Sestak Assistant Treasurer | 1 | $0 | |
Tracy Furey Director | 1 | $0 | |
Tom Kendris President | 1 | $0 | |
Christian Klee Treasurer/cfo | 1 | $0 | |
Leigh Anne Leas Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Acariahealth Pharmacy Inc | 12/30/21 | $149,630 |
Mckeson Specialty Az | 12/30/21 | $43,471,296 |
Caremetrx | 12/30/21 | $103,314 |
Ups | 12/30/21 | $10,940,902 |
Conduent-inventiv Patient Access Solutions | 12/30/21 | $148,220 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,545,619,786 |
| 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 | $2,545,619,786 |
| 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 | $54,885,862 |
| Total operating and administrative expenses | $54,885,862 |
| Contributions, gifts, grants paid | $2,545,119,431 |
| Total expenses and disbursements | $2,600,005,293 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $159,715,829 |
| 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 | $159,715,829 |
| 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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northwell Health Laboratories Westbury, NY | $332,816,944 | $824,844,482 |
Musculoskeletal Transplant Foundation Inc Edison, NJ | $265,715,338 | $411,628,718 |
Bayer Us Patient Assistance Foundation Whippany, NJ | $119,661,025 | $360,939,161 |
Catholic Managed Long Term Care Inc New York, NY | $69,408,204 | $356,229,491 |
Temple Faculty Practice Plan Inc Philadelphia, PA | $117,460,054 | $341,896,672 |
North Shore-Lij Anesthesiology Pc Westbury, NY | $33,422,603 | $196,131,623 |
Health Quest Systems Inc Poughkeepsie, NY | $299,235,129 | $128,637,142 |
Weill Cornell Imaging At New York-Presbyterian New York, NY | $260,757,185 | $189,735,932 |
Valley Physician Servcies Inc Ridgewood, NJ | $110,045,746 | $118,274,692 |
Garnet Health Doctors Pc Middletown, NY | $50,171,701 | $81,156,131 |
The Westchester Medical Practice Pc Yorktown Heights, NY | $21,408,961 | $63,027,165 |
Hr Physician Services Huntingdon Valley, PA | $97,551,934 | $52,907,501 |