Civic Intelligence

The Assistance Fund Inc

990 • Fiscal year 2017 • EIN 27-0270731

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 31, 2018

4700 Millenia Blvd Suite 410Orlando, FL 32839

(877) 245-4412

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

16th percentile

0.04x

Higher debt load relative to assets than 16% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Liabilities / Revenue

6th percentile

0.03x

Higher debt load relative to revenue than 6% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Net Margin

82nd percentile

24%

Higher net margin than 82% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Top Officer Pay

40th percentile

$394,172

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Asset Growth

96th percentile

50%

Faster asset growth than 96% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Revenue Growth

93rd percentile

78%

Faster revenue growth than 93% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Assets

Up

$123,481,487

Up $41,309,963 (+50%) from 2016

Net Assets

Up

$118,730,282

Up $40,766,921 (+52%) from 2016

Liabilities

Up

$4,751,205

Up $543,042 (+13%) from 2016

Revenue

Up

$165,100,555

Up $72,481,702 (+78%) from 2016

Expenses

Up

$125,594,966

Up $42,397,937 (+51%) from 2016

Net Income

Up

$39,505,589

Up $30,083,765 (+319%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600M$400M$200M$0Assets 2010: $9,298,338Liabilities 2010: $312,645Net Assets 2010: $8,985,6932010Assets 2012: $27,515,652Liabilities 2012: $282,916Net Assets 2012: $27,232,7362012Assets 2013: $49,284,598Liabilities 2013: $958,793Net Assets 2013: $48,325,8052013Assets 2014: $52,301,396Liabilities 2014: $1,263,056Net Assets 2014: $51,038,3402014Assets 2015: $70,633,947Liabilities 2015: $1,397,248Net Assets 2015: $69,236,6992015Assets 2016: $82,171,524Liabilities 2016: $4,208,163Net Assets 2016: $77,963,3612016Assets 2017: $123,481,487Liabilities 2017: $4,751,205Net Assets 2017: $118,730,2822017Assets 2018: $176,389,134Liabilities 2018: $6,504,457Net Assets 2018: $169,884,6772018Assets 2019: $330,085,994Liabilities 2019: $14,555,241Net Assets 2019: $315,530,7532019Assets 2020: $388,553,113Liabilities 2020: $17,264,685Net Assets 2020: $371,288,4282020Assets 2021: $376,112,089Liabilities 2021: $12,720,542Net Assets 2021: $363,391,5472021Assets 2022: $391,103,788Liabilities 2022: $11,748,050Net Assets 2022: $379,355,7382022Assets 2023: $363,685,624Liabilities 2023: $18,671,166Net Assets 2023: $345,014,4582023Assets 2024: $508,642,591Liabilities 2024: $14,193,582Net Assets 2024: $494,449,0092024

Highlighted filing

2017

Assets$123,481,487
Liabilities$4,751,205
Net Assets$118,730,282

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400M$200M$0-$200MExpenses 2010: $11,655,8272010Expenses 2012: $28,460,6382012Expenses 2013: $49,602,0552013Revenue 2014: $63,476,785Expenses 2014: $60,865,475Net Income 2014: $2,611,3102014Revenue 2015: $79,282,506Expenses 2015: $61,029,755Net Income 2015: $18,252,7512015Revenue 2016: $92,618,853Expenses 2016: $83,197,029Net Income 2016: $9,421,8242016Revenue 2017: $165,100,555Expenses 2017: $125,594,966Net Income 2017: $39,505,5892017Revenue 2018: $213,978,451Expenses 2018: $160,708,473Net Income 2018: $53,269,9782018Revenue 2019: $374,973,159Expenses 2019: $227,201,494Net Income 2019: $147,771,6652019Revenue 2020: $383,403,392Expenses 2020: $328,746,087Net Income 2020: $54,657,3052020Revenue 2021: $295,767,415Expenses 2021: $304,758,468Net Income 2021: -$8,991,0532021Revenue 2022: $288,357,934Expenses 2022: $269,288,161Net Income 2022: $19,069,7732022Revenue 2023: $278,965,875Expenses 2023: $314,463,857Net Income 2023: -$35,497,9822023Revenue 2024: $341,721,094Expenses 2024: $193,383,054Net Income 2024: $148,338,0402024

Highlighted filing

2017

Revenue$165,100,555
Expenses$125,594,966
Net Income$39,505,589
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 31, 2018
Return Version
2017v2.3
Gross Receipts
$180,236,580
Mission and Program Overview

Mission

The assistance fund (taf) provides support and financial assistance for individuals diagnosed with specific chronic or critical illnesses who lack the financial means to cover the cost-sharing portions of their prescribed treatments and life-saving care. Taf's efforts are guided by the hope that one day no person will go without medication due to an inability to pay.

The creation of the assistance fund in 2009 was inspired by an all-too-common story of a patient at risk of not being able to afford the medicine she desperately needed. Our

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$4,400,688$95,536,450▲ $91,135,762
Cash and Non-Interest-Bearing Accounts$57,478,375$0▼ $57,478,375
Investments in Publicly Traded Securities$18,741,842$21,640,531▲ $2,898,689
Pledges and Grants Receivable$0$4,650,000▲ $4,650,000
Land, Buildings, and Equipment, Net$1,546,316$1,579,038▲ $32,722
Prepaid Expenses and Deferred Charges$171,872$70,741▼ $101,131
Accounts Receivable$0$4,727▲ $4,727
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$82,339,093$123,481,487▲ $41,142,394
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$3,477,003$3,787,090▲ $310,087
Accounts Payable and Accrued Expenses$844,713$964,115▲ $119,402
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$4,321,716$4,751,205▲ $429,489
Net Assets / Fund Balance
Temporarily Rstr Net Assets$65,626,525$99,895,065▲ $34,268,540
Unrestricted Net Assets$12,390,852$18,835,217▲ $6,444,365
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$78,017,377$118,730,282▲ $40,712,905
Total Liabilities and Net Assets / Fund Balance$82,339,093$123,481,487▲ $41,142,394

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,374,333$567,140$1,941,473
Leasehold Improvements$204,705$110,568$315,273
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gerald S LauriaVP of Business DevelopmentFT$201,995$192,177$394,172
Mark P McGreevyPresidentFT$224,792$87,772$296,872
Steven P AlseneCFOFT$164,247$8,755$188,694
Danielle VizcainoVP of OperationsFT$118,241$1,800$120,041

Board Members and Trustees

NameTitle
Lawrence HatchChairman, Board of Directors
Jeff MilfordBoard of Directors Member
John FraleyBoard of Directors Member
John HawleyBoard of Directors Member
Justin AronsonBoard of Directors Member
Vincent SchreiberBoard of Directors Member
John Gravitte JrDirector of Quality
Julie JudgeVP of Human Resources

Highest Paid Contractors

ContractorServicesLocationCompensation
Assist RXIt Consulting4700 Millenia Blvd Suite 550, Orlando, FL 32839$4,420,035
Hinkley Allen Snyder LLPLegal Svcs28 STATE ST, Boston, MA 02109$697,416
Nixon Peabody LLPLegal svcs1300 CLINTON SQUARE, Rochester, NY 14604$263,403
Ropes Gray LLPLegal Svcs800 BOYLSTON ST, Boston, MA 02199$260,257
Revenue and Support

Revenue Composition

Contributions and Grants
$163,074,220
Program Service Revenue
$0
Investment Income
$1,980,677
Other Revenue
$45,658
All Other Contributions
$163,074,220
Change in Net Assets
$39,505,589

Audited Revenue Reconciliation

Revenue per Audited Statements
$165,100,555
Revenue Not Reported on Form 990
$1,207,316
Total Revenue per Audited Statements
$166,307,871
Total Revenue per Form 990
$165,100,555
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$118,115,882
Other Expenses$5,100,725
Salaries, Compensation, and Employee Benefits$2,378,359
Total Fundraising Expense$1,014,016
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$118,115,882--$118,115,882
Fees for Services Other$53,531$1,694,382$73,300$1,821,213
Fees for Services Management-$1,587,713-$1,587,713
Current Officers, Directors, Trustees, and Key Employees$220,939$394,519$338,187$953,645
Other Salaries and Wages$599,385$84,787$132,545$816,717
Depreciation Depletion$321,945$77,267$30,048$429,260
Other Employee Benefits$178,673$144,286$84,939$407,898
Office Expenses$82,918$184,862$20,502$288,282
Travel$18,590$136,963$94,425$249,978
Advertising-$69,578$147,298$216,876
Occupancy$114,102$24,178$10,408$148,688
Fees for Services Legal-$142,653$2,023$144,676
Payroll Taxes$55,460$40,404$31,326$127,190
Fees for Services Accounting$18,160$68,374-$86,534
Pension Plan Contributions$22,949$29,994$19,966$72,909
Fees for Service Investment Mgmnt Fees-$70,813-$70,813
Insurance-$18,305-$18,305
Other Expenses$-800$10,068$6,018$6,018
Total Functional Expenses$119,801,734$4,779,216$1,014,016$125,594,966

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$125,594,966
Total Expenses per Audited Statements$125,594,966
Total Expenses per Form 990$125,594,966
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Assist Rx IncSee Part VIt ServicesNo$4,420,035

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Claims Payable$3,607,640
Deferred Rent Liability$179,450
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION A, LINE 2:

Ada de la osa is the sister-in-law of vincent screiber.

FORM 990, PART VI, SECTION B, LINE 11:

The board of directors is provided with a copy of the completed form 990 prior to filing.

FORM 990, PART VI, SECTION B, LINE 12C:

The Secretary of the corporation shall distribute annually to all directors, officers and key employees (as identified by the corporation), a form soliciting the disclosure of all conflicts of interest, including specific information concerning the terms of any contract or transaction with the corporation and whether the process for approval set forth in this policy was used. Such disclosure form may require disclosure of other relationships that may not constitute an actual conflict of interest, but which are required to be disclosed in order for the corporation to comply with its annual reporting requirements. An employee of the corporation with a potential conflict of interest in a particular matter shall promptly and fully disclose the potential conflict to his supervisor. The employee shall thereafter refrain from participating in deliberations and discussion, as well as any decisions, relating to the matter and follow the direction of the supervisor as to how the corporation decisions which are the subject of the conflict will be determined. The board chair shall be responsible for determining the proper way for the corporation to handle corporation decisions which involve unresolved employee conflicts of interest. In making such determinations, the board Chair may consult with legal counsel. The board chair shall report to the board at least annually concerning employee conflicts of interest which have been disclosed and contracts and transactions involving employee conflicts which the board chair has approved.

FORM 990, PART VI, SECTION B, LINE 15:

It is the policy of the corporation to pay no more than reasonable compensation for personal services rendered to the corporation by officers and employees. The directors of the corporation shall not receive compensation for fulfilling their duties as directors, although directors may be reimbursed for actual out-of-pocket expenses which they incur in order to fulfill their duties as directors. Expenses of spouses will not be reimbursed by the corporation unless the expenses are necessary to achieve a corporation purpose.The board of directors must approve in advance the amount of all compensation for officers of the corporation. Before approving the compensation of an officer, the board shall determine that the total compensation to be provided by the corporation to the officer is reasonable in amount in light of the position, responsibility and qualification of the officer for the position held, including the result of an evaluation of the officer's prior performance for the corporation, if applicable. In making the determination, the board shall consider total compensation to include the salary and the value of all benefits provided by the corporation to the individual in payment for services. At the time of the discussion and decision concerning an officer's compensation, the officer should not be present in the meeting. The board shall obtain and consider appropriate data concerning comparable compensation paid to similar officers in like circumstances. The board shall set forth the basis for its decisions with respect to compensation in the minutes of the meeting at which the decisions are made, including the conclusions of the evaluation and the basis for determining that the individual's compensation was reasonable in light of the evaluation and the comparability data. For other key employees, compensation is determined by the executive director after review of comparability data, including a salary survey. The information gathered and factors considered in arriving at the compensation is documented in the employees' personnel file. This process is performed on an annual basis.

FORM 990, PART VI, SECTION C, LINE 19:

There shall be kept at the office of the corporation: (1) correct and complete books and records of account; (2) minutes of the proceedings of the board of directors and the executive committee; (3) a current list of the directors and officers of the corporation and their residence addresses; (4) a copy of these by-laws; (5) a copy of the corporation's application for recognition of exemption with the internal revenue service; and (6) copies of the past three (3) years' information returns to the internal revenue service. Any of the books, minutes and records of the corporation may be in written form or in any other form capable of being converted into written form within a reasonable time. The organization's governing documents and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
The Assistance Fund Inc
EIN
27-0270731
In Care Of
% STEVE ALSENE
Phone
8772454412
Address
4700 Millenia Blvd Suite 410, Orlando, FL 32839

Signing Officer

Name
Mark Mcgreevy
Title
President
Phone
8772454412
Signed
2018-10-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Mcgreevy
Formed
2009
Legal Domicile
De
Voting Board Members
8
Independent Board Members
8
Employees
36
Volunteers
36

Preparer

Firm
Bdo USA Llp
Address
201 S Orange Ave Suite 800, Orlando, FL 32801
Preparer
Anne McHugh CPA
Phone
4078416930
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:

Vision is to see the day when no person goes without medication due to an inability to pay. Until then, we exist so that patients (like you) don't have to miss taking your medication because of costs.

Financial Statement Notes

PART X, LINE 2:

The Organization identifies and evaluates uncertain tax positions, if any, and recognizes the impact of uncertain tax positions for which there is a less than more-likely-than-not probability of the position being upheld when reviewed by the relevant taxing authority. Such positions are deemed to be unrecognized tax benefits and a corresponding liability is established on the statement of financial position. The Organization has not recognized a liability for uncertain tax positions. If there were an unrecognized tax benefit, the Organization would recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses. The Organization's remaining open tax years subject to examination by the Internal Revenue Service generally remain open for three years from the date of filing.

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IRS990/Desc0The Assistance Fund secured and disbursed funding for medical-related expenses for adults and children diagnosed with specific chronic diseases or life threatening illnesses. Resources were distributed from multiple disease-specific funds to support copays for their prescribed medications and life saving therapies. Through our in-house call center, with a leading technology platform and best-in-class patient advocates, we are able to quickly and efficiently respond to patient requests for assistance.
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$509$14.2$494$342$193$148
2023Detailed filing. Detailed filing data is available for this year.$364$18.7$345$279$314$35.5
2022Detailed filing. Detailed filing data is available for this year.$391$11.7$379$288$269$19.1
2021Detailed filing. Detailed filing data is available for this year.$376$12.7$363$296$305$8.99
2020Detailed filing. Detailed filing data is available for this year.$389$17.3$371$383$329$54.7
2019Detailed filing. Detailed filing data is available for this year.$330$14.6$316$375$227$148
2018Detailed filing. Detailed filing data is available for this year.$176$6.50$170$214$161$53.3
2017Detailed filing. Detailed filing data is available for this year.$123$4.75$119$165$126$39.5
2016Detailed filing. Detailed filing data is available for this year.$82.2$4.21$78.0$92.6$83.2$9.42
2015Detailed filing. Detailed filing data is available for this year.$70.6$1.40$69.2$79.3$61.0$18.3
2014Detailed filing. Detailed filing data is available for this year.$52.3$1.26$51.0$63.5$60.9$2.61
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$49.3$0.96$48.3$49.6
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.5$0.28$27.2$28.5
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.30$0.31$8.99$11.7