Cause IQ organization profile

AbbVie Patient Assistance Foundation

Form 990s | Financials | Vendors | Personnel | Peers

AbbVie Patient Assistance Foundation is a health finance organization based in North Chicago, IL that was founded in 2008. As of 2017 they had $1.7 billion in revenue and $88 million in assets.

The AbbVie Patient Assistance Foundation believes that people who need AbbVie medicines should be able to get them. The Foundation provides AbbVie medicines at no cost to people experiencing financial difficulties.

EIN:

26-1215559

City:

North Chicago

State:

Illinois

Metro:

Chicago-Naperville-Elgin, IL-IN-WI

Website:

abbvie.com

Phone:

800-222-6885

Founded:

2008

Type:

501(c)(3)

NTEE:

E83: Health care financing and insurance organizations

Revenue:

$1,753,453,665

Assets:

$88,262,620

Fiscal year end:

December

Revenue trends:

Asset trends:

Form 990s for AbbVie Patient Assistance Foundation

Fiscal year ending	Date received by IRS	Form	PDF link
2018-12	Jun 24, 2019	990PF	View PDF
2016-12	May 25, 2017	990PF	View PDF
2015-12	Jun 6, 2016	990PF	View PDF
2014-12	May 27, 2015	990PF	View PDF
2013-12	May 29, 2014	990PF	View PDF
...and two more Form 990 PDFs

Financials for AbbVie Patient Assistance Foundation

Field	2016	2015	% Change
Total grants, contributions, etc.	$1,753,452,961	$1,032,693,186	69.8%
Investment income and dividends	$704	$0	999%
Net rental income	$0	$0
Net gain from sale of non-inventory assets	$0
Gross sales of inventory	$0	$0
Miscellaneous revenues	$0	$0
Total revenues	$1,753,453,665	$1,032,693,186	69.8%

Field	2016	2015	% Change
Compensation of current officers, etc.	$0	$0
Non-officer salaries and wages	$0	$0
Pension/retirement accruals and contributions	$0	$0
Legal fees	$0	$0
Accounting fees	$0	$0
Other fee-for-service	$0	$0
Interest	$0	$0
Depreciation, amortization, etc.	$0	$0
Occupancy	$0	$0
Travel	$0	$0
Office expenses
Grants to all govts., orgs., and individuals	$1,721,444,218	$1,024,906,215	68.0%
All other expenses	$1,600,900	$2,554,721	-37.3%
Total expenses	$1,723,045,118	$1,027,460,936	67.7%

Field	2016	2015	% Change
Cash (non-interest-bearing)	$884,891	$1,433,054	-38.3%
Savings, short-term investments, etc.	$0	$0
Accounts receivable	$800,000	$0	999%
Pledges and grants receivable	$0	$0
Loans receivable from officers, directors, etc.	$0	$0
Notes and loans receivable	$0	$0
Inventories for use	$86,577,729	$51,482,014	68.2%
Prepaid expenses and deferred charges	$0	$0
Investments in government obligations	$0	$0
Investments in corporate stock	$0	$0
Investments in corporate bonds	$0	$0
Investments in land, buildings, and equipment	$0	$0
Investments in mortgage loans	$0	$0
Other types of investments	$0	$0
Buildings, equipment, etc. post-depreciation	$0	$0
Other assets	$0	$0
Total assets	$88,262,620	$52,915,068	66.8%

Field	2016	2015	% Change
Accounts payable and accrued expenses	$127,421	$420,666	-69.7%
Grants payable	$0	$0
Deferred revenue	$0	$0
Loans payable to officers and disqualified persons	$0	$0
Secured mortgages and notes payable to unrelated third parties	$0	$0
Other liabilities	$0	$0
Total liabilities	$127,421	$420,666	-69.7%

Vendors for AbbVie Patient Assistance Foundation

Vendor	Services	Amount paid	Date
Cliftonlarsonallen LLP	Tax accounting		2017-05-25
███ ██████ ███████ ██████ ██████████ ███	Program Administration	$1,569,388	2017-05-25
██████████████████ ███	Tax accounting		2015-05-27

Personnel at AbbVie Patient Assistance Foundation

Name	Title	Compensation	Most recent data
Richard A. Gonzalez	Chairman of the Board and Chief Executive Officer	-	Jan. 27, 2021
Robert A. Michael	Executive Vice President, Chief Financial Officer	-	Jan. 27, 2021
███████ ██ ████████	Executive Vice President, Chief Human Resources Officer	-	Jan. 27, 2021
█████ ██ █████████	Executive Vice President, Chief Strategy Officer	-	Jan. 27, 2021
██████ █████	Vice Chairman, Chief Commercial Officer	-	Jan. 27, 2021
█████ ██ ██████████	Vice Chairman, External Affairs and Chief Legal Officer	-	Jan. 27, 2021
███ ██ ██████████	Chief Equity Officer	-	Jan. 27, 2021
█████ ████████████████ █████	Executive Vice President, Operations	-	Jan. 27, 2021
██████ █████	Senior Vice President, Abbvie, and President, Global Allergan Aesthetics	-	Jan. 27, 2021
...and one more key personnel

Peer health care financing and insurance organizations

	Name	Type	Revenue	Location
1	Merck Patient Assistance Program	501(c)(3)	$1.2 billion	Kenilworth, NJ
2	Pfizer Patient Assistance Foundation	501(c)(3)	$1.1 billion	New York, NY
3	Lilly Cares Foundation	501(c)(3)	$827 million	Indianapolis, IN
4	Bristol-Myers Squibb Patient Assistance Foundation (BMSPAF)	501(c)(3)	$1.0 billion	Lawrenceville, NJ
5	Novartis Patient Assistance Foundation (NPAF)	501(c)(3)	$1.3 billion	East Hanover, NJ
6	Sanofi Foundation for North America	501(c)(3)	$581 million	Bridgewater, NJ
7	Johnson and Johnson Patient Assistance Foundation	501(c)(3)	$1.7 billion	New Brunswick, NJ
8	HealthWell Foundation	501(c)(3)	$488 million	Germantown, MD
9	Boehringer Ingelheim GmbH	501(c)(3)	$544 million	Ridgefield, CT
10	Amgen Safety Net Foundation	501(c)(3)	$1.1 billion	Thousand Oaks, CA
11	Healthfirst PHSP	501(c)(3)	$8.1 billion	New York, NY
12	Optima Health	501(c)(3)	$2.3 billion	Norfolk, VA
13	CareSource Management Group Co	501(c)(3)	$1.6 billion	Dayton, OH
14	Elderplan	501(c)(3)	$1.0 billion	Brooklyn, NY
15	Commonwealth Care Alliance (CCA)	501(c)(3)	$1.2 billion	Boston, MA
16	Scripps Health Plan Services (SHPS)	501(c)(3)	$751 million	San Diego, CA
17	Harvard Pilgrim Health Care	501(c)(3)	$1.9 billion	Wellesley, MA
18	CareSource Indiana	501(c)(3)	$795 million	Indianapolis, IN
19	CareOregon	501(c)(3)	$1.1 billion	Portland, OR
20	Boston Medical Center HealthNet Plan	501(c)(3)	$2.6 billion	Charlestown, MA
21	Fallon Health	501(c)(3)	$1.5 billion	Worcester, MA
22	Neighborhood Health Plan of Rhode Island (NHPRI)	501(c)(3)	$1.3 billion	Smithfield, RI
23	Group Health Plan	501(c)(3)	$1.9 billion	Minneapolis, MN
24	MetroPlus Health Plan	501(c)(3)	$3.1 billion	New York, NY
25	Fidelis Legacy Plan	501(c)(3)	$8.6 billion	New York, NY

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Cause IQ organization profile

AbbVie Patient Assistance Foundation

Form 990s for AbbVie Patient Assistance Foundation

Financials for AbbVie Patient Assistance Foundation

Vendors for AbbVie Patient Assistance Foundation

Personnel at AbbVie Patient Assistance Foundation

Peer health care financing and insurance organizations

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