Nonprofit · EIN 81-0556499
RX FOUNDATION
Tax-exempt · HADLEY, MA 01035
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF (amended) | $19,348,251 | $3,930,513 | $15,417,738 | $57,058,935 | $0 | $57,058,935 |
| December 31, 2023 | 990-PF | $1,727,008 | $3,130,512 | -$1,403,504 | $41,820,351 | $0 | $41,820,351 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $15,000,000
- Dividends
- $686,377
- Interest
- $400,132
- Net gain from sales of assets
- $3,259,732
- Other income
- $2,010
Expenses
- Grants and similar amounts paid
- $2,915,000
- Compensation of officers, directors and key employees
- $111,839
- Salaries, compensation and benefits (total)
- $78,235
- Disbursements for charitable purposes
- $3,490,460
- Excise tax on investment income
- $54,789
Balance sheet and other
- Total assets, start of year
- $41,820,351
- Total assets, end of year
- $57,058,935
- Total liabilities, end of year
- $0
- Net assets, end of year
- $57,058,935
- Fair market value of assets
- $57,058,935
- Qualifying distributions
- $3,490,460
- Net investment income
- $4,319,491
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JENNIFER RILEY PO BOX 23, HADLEY, MA 010350023 | SECRETARY, EXECUTIVE DIRECTOR | 25 | $111,839 | $3,130 |
| MEGAN COOK PO BOX 23, HADLEY, MA 010350023 | PROGRAMS AND OPERATI Highest-paid employee | 25 | $71,216 | $2,031 |
| GEORGE HATCH PO BOX 23, HADLEY, MA 010350023 | TRUSTEE, PRESIDENT | 5 | $0 | $0 |
| WHITNEY HATCH PO BOX 23, HADLEY, MA 010350023 | TRUSTEE, TREASURER | 5 | $0 | $0 |
| CHRISTOPHER ANGELL PO BOX 23, HADLEY, MA 010350023 | TRUSTEE | 5 | $0 | $0 |
| HEIDI BEHFOROUZ MD PO BOX 23, HADLEY, MA 010350023 | TRUSTEE | 5 | $0 | $0 |
| DONALD M BERWICK MD MPP FRCP PO BOX 23, HADLEY, MA 010350023 | TRUSTEE | 5 | $0 | $0 |
| ANN HWANG MD PO BOX 23, HADLEY, MA 010350023 | TRUSTEE | 5 | $0 | $0 |
| MATTHEW LIANG MD MPH PO BOX 23, HADLEY, MA 010350023 | TRUSTEE | 5 | $0 | $0 |
| MICHELLE MORSE MD PO BOX 23, HADLEY, MA 010350023 | TRUSTEE | 5 | $0 | $0 |
990-PF for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JENNIFER RILEY PO BOX 23, HADLEY, MA 010350023 | SECRETARY, EXECUTIVE DIRECTOR | 25 | $98,600 | $2,634 |
| MEGAN COOK PO BOX 23, HADLEY, MA 010350023 | PROGRAMS AND OPERATI Highest-paid employee | 25 | $67,708 | $6,481 |
| GEORGE HATCH PO BOX 23, HADLEY, MA 010350023 | TRUSTEE, PRESIDENT | 5 | $0 | $0 |
| WHITNEY HATCH PO BOX 23, HADLEY, MA 010350023 | TRUSTEE, TREASURER | 5 | $0 | $0 |
| CHRISTOPHER ANGELL PO BOX 23, HADLEY, MA 010350023 | TRUSTEE | 5 | $0 | $0 |
| HEIDI BEHFOROUZ MD PO BOX 23, HADLEY, MA 010350023 | TRUSTEE | 5 | $0 | $0 |
| DONALD M BERWICK MD MPP FRCP PO BOX 23, HADLEY, MA 010350023 | TRUSTEE | 5 | $0 | $0 |
| ANN HWANG MD PO BOX 23, HADLEY, MA 010350023 | TRUSTEE | 5 | $0 | $0 |
| MATTHEW LIANG MD MPH PO BOX 23, HADLEY, MA 010350023 | TRUSTEE | 5 | $0 | $0 |
| MICHELLE MORSE MD PO BOX 23, HADLEY, MA 010350023 | TRUSTEE | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 23, HADLEY, MA 01035-0023
- In care of
- % FRANCIS W HATCH
- Signed the 990-PF
- JENNIFER RILEY, SECRETRARY
- Phone
- (617) 275-6415
- Website
- WWW.RXFOUNDATION.ORG
- Return prepared by
- PKF O'CONNOR DAVIES ADVISORY LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 81-0556499
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2002
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T21)
- Assets (IRS master file)
- $57,058,935
- Income (IRS master file)
- $22,094,611
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $19,348,251 | $3,930,513 | $57,058,935 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $1,727,008 | $3,130,512 | $41,820,351 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 81-0556499).
Questions about RX FOUNDATION
- What is the EIN of RX FOUNDATION?
- The employer identification number (EIN) of RX FOUNDATION is 81-0556499.
- Is RX FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to RX FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does RX FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of RX FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RX FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of RX FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 10 people; 2 received compensation from the organization, the highest $111,839 (JENNIFER RILEY, SECRETARY, EXECUTIVE DIRECTOR).
- How much revenue does RX FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $19,348,251, expenses of $3,930,513 and total assets of $57,058,935 at year end.
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