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BBB Reliability Report for

MedAssist of Mecklenburg


This BBB Accredited Charity meets all 20 Standards for Charity Accountability.
BBB issues Charity Reports on all organizations, whether or not they are BBB accredited. If an organization is a BBB Accredited Charity, it is stated in this report.
Name: MedAssist of Mecklenburg
Phone: (704) 536-1790
Address: 601 E 5th St. Suite 350
Charlotte, NC 28202
Website: www.medassist.org
Report Creation Date: April 30, 2015
Report Expiration Date: April 30, 2017
Original Business Start Date: January 1997
Principal: Ms. Lori Giang, Director
Customer Contact: Ms. Lori Giang, Director
Entity: Corporation
Incorporated: January 1997, NC
Type of Business: Charity - Local

Additional DBA Names

NC MedAssist

Stated Purpose

MedAssist of Mecklenburg provides pharmaceutical assistance for low income citizens over the age of 18 in Mecklenburg County, North Carolina.


Evaluation Conclusions

This organization has been evaluated according to the 20 BBB Standards for Charity Accountability. This organization meets all those Standards and is a BBB Accredited Charity.


Programs

Total Program Expenses:$22,202,234

Governance

Chief Executive Officer:Lori Giang, Executive Director
Board Size:16
Paid Staff Size:36 Full Time.

Fund Raising

Method(s) Used:MedAssist of Mecklenburg's fundraising methods include direct and indirect public support, government contributions, and grants.


Tax Status

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.


Financial

According to MedAssist of Mecklenburg's IRS 990 for the year ended June 30, 2014:

Income
 Total Income:$22,953,291
 
Expenses  % of total
Expenses
% of total
Income
 Programs:$22,202,234 97.33%96.73%
 Fund Raising:$355,319 1.56%1.55%
 Administrative:$252,609 1.11%1.10%
 Other:$0 0.00%0.00%
 Total Expenses:$22,810,162
 
Excess of Income over Expenses$143,129
Ending Net Assets:$5,218,459
Total Assets$5,340,334
Total Liabilities$121,875

* Excess for the year indicates the portion of income remaining after expenses.


ID: 212374
Report as of August 29, 2015 09:08
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BBB Business Reviews are provided solely to assist you in exercising your own best judgment. Information in this BBB Business Review is believed reliable but not guaranteed as to accuracy.

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