2024-09-26T15:23:49-05:00 2023-12-31 BDO USA 200 PARK AVENUE 38TH FLOOR NEW YORK NY 10166 990 2023-01-01 471442997 MEDICAL DEBT RESOLUTION INC % ALLISON SESSO MEDI 8446373328 28-07 JACKSON AVE 5TH FL LONG ISLAND CITY NY 11101 JOSE PENABAD Treasurer 8446373328 2024-09-09 true true Tara Cooke P01281186 2128858000 2024-07-31 2023 2024-08-08 14:25:15Z RIP MEDICAL DEBT ALLISON SESSO 28-07 JACKSON AVE 5TH FL LONG ISLAND CITY NY 11101 132520591 false X WWW.UNDUEMEDICALDEBT.ORG X 2014 NY to end medical debt 12 12 28 12 0 0 42362810 26290875 0 0 509218 2003926 0 0 42872028 28294801 0 0 0 0 1510428 2541819 1079000 1130095 1856621 9090199 18984874 11679627 22656788 31192401 5638013 88257653 95897379 968146 1850550 87289507 94046829 X THE MISSION OF THE ORGANIZATION IS TO END MEDICAL DEBT. (SEE SCHEDULE O) false false 17169050 0 0 MEDICAL DEBT RELIEF: LOCATE, ACQUIRE, AND ABOLISH, I.E. RELIEVE, MEDICAL DEBT FOR INDIVIDUALS EARNING 400% OR LESS THAN THE FEDERAL POVERTY LEVEL, OR HAVE A MEDICAL DEBT MORE THAN 5% OF ESTIMATED ANNUAL HOUSEHOLD GROSS INCOME. 606836 0 0 TECHNOLOGY INFRASTRUCTURE DEVELOPMENT PROGRAM: RESEARCH, DESIGN, AND DEVELOP TECHNOLOGIES TO DIRECTLY SUPPORT THE ORGANIZATION'S CORE MISSION OF LOCATING, ACQUIRING, AND ABOLISHING MEDICAL DEBT. 551740 0 0 COMMUNITY ENGAGEMENT, EDUCATION AND PUBLIC POLICY: EFFORTS TO RAISE PUBLIC AWARENESS OF THE ECONOMIC AND SOCIAL EFFECTS OF MEDICAL DEBT, STRATEGIC PARTNERSHIPS FOR FURTHERING COMMUNITY AWARENESS AND YOUTH ENGAGEMENT, AND INFORMING AND SUPPORTING PUBLIC POLICY EFFORTS TO ADDRESS SYSTEMIC CAUSES OF MEDICAL DEBT. 76433 0 0 MEDICAL DEBT RESEARCH 76433 0 0 18404059 true true false true false false false false false false true true false false false true true false false false false false false true false false false false false true false false false false false true true false true false false false false 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0.0 X 121904 0 14593 WILLIAM VON MUEFFLING BOARD CHAIR 1.0 0.0 X X 0 0 0 MICHELE MASUCCI VICE CHAIR 1.0 0.0 X X 0 0 0 JOSE PENABAD TREASURER 1.0 0.0 X X 0 0 0 TED SANN SECRETARY 1.0 0.0 X X 0 0 0 HAROLD ASHTON DIRECTOR 1.0 0.0 X 0 0 0 DR OXIRIS BARBOT DIRECTOR 1.0 0.0 X 0 0 0 ROBERT GOFF DIRECTOR 1.0 0.0 X 0 0 0 JON LINDSEY DIRECTOR 1.0 0.0 X 0 0 0 ELIZABETH MARINCOLA DIRECTOR 1.0 0.0 X 0 0 0 DR RAM RAJU DIRECTOR 1.0 0.0 X 0 0 0 MAGAN RAY DIRECTOR (THRU 11/2023) 1.0 0.0 X 0 0 0 JEFF SMEDSRUD DIRECTOR 1.0 0.0 X 0 0 0 JONATHAN WIGGS DIRECTOR 1.0 0.0 X 0 0 0 1624947 0 262855 9 false true false SANDRA DAVIS LLC DBA DONORLY 1460 BROADWAY NEW YORK NY 10036 FUNDRAISING COUNSEL 1130095 NIXON PEABODY 70 WEST MADISON SUITE 5200 CHICAGO IL 20005 LEGAL SERVICES 452635 SANDLER SEARCH 485 MADISON AVENUE 7TH FLOOR NEW YORK NY 10022 RECRUITMENT SERVICES 154072 VERITE HEALTHCARE CONSULTING 28-07 JACKSON AVENUE FLOOR 5 LONG ISLAND CITY NY 11101 CONSULTING SERVICES 148789 JAMES F CAPALINO ASSOCIATES INC 233 BROADWAY SUITE 710 NEW YORK NY 10279 CONSULTING SERVICES 115734 7 3512079 22778796 26290875 0 2061575 0 2061575 0 0 0 0 0 104168141 104225790 -57649 -57649 -57649 0 0 0 0 0 0 0 0 0 0 28294801 0 2003926 0 0 0 0 1051428 545840 424568 81020 99000 99000 736574 384558 295607 56409 51484 26879 20662 3943 377405 197039 151463 28903 225928 117954 90671 17303 0 461710 267924 148036 45750 131696 131696 16622 16622 1130095 1130095 0 1590709 976260 446014 168435 33607 19502 10775 3330 342577 55076 222475 65026 488901 163704 71453 253744 0 119941 119941 64585 20196 42380 2009 0 6457 6457 0 0 238271 225770 11847 654 109520 109520 COST OF DEBT ABOLISHED 13898575 13898575 MAILING SERVICES 1481703 1481703 22656788 18404059 2396108 1856621 72617953 11389912 11266214 23971663 159331 448752 0 0 0 0 0 0 0 0 0 0 3373264 7085809 71576 45446 22738 26130 0 0 0 52156633 0 0 639155 813209 178998 5271 88257653 95897379 444334 584793 0 0 437692 1265757 0 0 0 0 0 0 0 0 0 0 86120 0 968146 1850550 X 79591769 82567389 7697738 11479440 87289507 94046829 88257653 95897379 5638013 1119309 X false true X true true true X 9891081 66152013 17097377 42362810 26290875 161794156 0 0 9891081 66152013 17097377 42362810 26290875 161794156 0 161794156 1153 6433 32240 510785 2061575 2612186 0 0 164406342 310051 0.98411 0.99611 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 16622 16622 20783545 20800167 1000000 250000 false 652793 1000000 1652793 2479190 14091 16622 30713 163198 250000 413198 619797 0 0 0 16622 Part II-A, Line 1b: THE AMOUNT INCURRED FOR LOBBYING WERE FOR DIRECT CONTACT WITH LEGISLATORS AND OTHER STATE OFFICIALS TO DETERMINE BUDGETARY APPROPRIATIONS THAT WOULD SUPPORT THE ORGANIZATION'S PROGRAMS, AS WELL AS FOR WORK RELATED TO SUPPORTING POLICY CHANGES IMPACTING MEDICAL DEBT. 71576 45446 26130 26130 INVESTMENTS 52156633 F 52156633 0 0 X 29936168 1119309 522058 1641367 28294801 28294801 23178846 522058 522058 22656788 22656788 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL, STATE, AND LOCAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, THEREFORE, HAS MADE NO PROVISION FOR INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS. UNDER GAAP, AN ORGANIZATION MUST RECOGNIZE THE TAX BENEFIT ASSOCIATED WITH TAX POSITIONS TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY A TAXING AUTHORITY. THE ORGANIZATION DOES NOT BELIEVE IT HAS TAKEN ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT HAS NOT RECORDED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE ORGANIZATION HAS FILED FOR AND RECEIVED INCOME TAX EXEMPTIONS IN THE JURISDICTIONS WHERE IT IS REQUIRED TO DO SO. ADDITIONALLY, THE ORGANIZATION HAS FILED INTERNAL REVENUE SERVICE (IRS) FORM 990 INFORMATION RETURNS, AS REQUIRED, AND ALL OTHER APPLICABLE RETURNS IN JURISDICTIONS WHERE SO REQUIRED. FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022, THERE WERE NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN THE STATEMENTS OF ACTIVITIES. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDIT BY A TAXING AUTHORITY. AS OF DECEMBER 31, 2023 AND 2022, THE ORGANIZATION WAS NOT SUBJECT TO ANY EXAMINATION BY A TAXING AUTHORITY. X X X X X X true SANDRA DAVIS LLC DBA DONORLY 1460 BROADWAY NEW YORK NY 10036 FUNDRAISING false 1130095 -1130095 1130095 -1130095 AL AK AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PW PA RI SC SD TN TX UT VT VA WA WV WI WY SCHEDULE G, PART I, LINE 2B (V): AS FUNDRAISING COUNSEL FOR THE ORGANIZATION, THE FIRM OF Sandra DAVIS, LLC DBA "DONORLY" PROVIDES A TEAM OF SKILLED PERSONNEL WHO MANAGE SUBSTANTIALLY ALL BACK-OFFICE ACTIVITIES ASSOCIATED WITH THE ORGANIZATION'S FUNDRAISING AND DEVELOPMENT FUNCTION, INCLUDING CAMPAIGN DEVELOPMENT AND EXECUTION, DONOR RESEARCH, GIFT ACKNOWLEDGEMENT, GRANT APPLICATIONS, DONOR MANAGEMENT SYSTEMS MAINTENANCE, IN ADDITION TO PROVIDING ADVICE ON HIGH LEVEL FUNDRAISING AND DEVELOPMENT STRATEGY. IN PERFORMING THESE FUNCTIONS, DONORLY IS EITHER DIRECTLY OR INDIRECTLY RESPONSIBLE FOR MOST REVENUE, EXCEPT IN-KIND AND GOVERNMENT GRANT REVENUE. WE HIRED A MAJOR GIFTS OFFICER MID-2023, BUT THERE WAS NO SUBSTANTIAL CHANGE TO OUR CONTRACT WITH DONORLY. WE ARE WINDING DOWN OUR CONTRACT WITH DONORLY IN 2024. X X X X X X false false false false false false false false false ALLISON SESSO CEO & PRESIDENT 300289 0 0 0 0 0 10605 0 15067 0 325961 0 0 0 RUTH LANDE VP HOSPITAL RELATIONS 256076 0 0 0 0 0 9158 0 39691 0 304925 0 0 0 DAVID REYNOLDS VP INFO SYSTEMS 213053 0 0 0 0 0 7753 0 23766 0 244572 0 0 0 PRISCILLA THOMAS-KEITH VP PROGRAM MGMT 168113 0 0 0 0 0 5477 0 35397 0 208987 0 0 0 EVA STAHL VP PUBLIC POLICY 151900 0 0 0 0 0 5338 0 600 0 157838 0 0 0 JANA KNAUEROVA VP FINANCE & ADMINISTRATION 144330 0 0 0 0 0 5250 0 32873 0 182453 0 0 0 CHARLES RUSSEK SR SOFTWARE DEVELOPER 140439 0 0 0 0 0 4225 0 35431 0 180095 0 0 0 DINI VON MUEFFLING CONSULTING FAMILY MEMBER OF CHAIRMAN 99000 CONSULTANT false PART IV, LINE 1, COLUMN B: THE OWNER OF DINI VON MUEFFLING CONSULTING IS A FAMILY MEMBER OF THE BOARD CHAIRMAN AND THE BOARD SECRETARY. X 30 193652 FMV X CRYPTOCURRENCY 5 991 FMV false true false FORM 990, PART III: MISSION OF MEDICAL DEBT RESOLUTION, INC., DBA RIP MEDICAL DEBT: A 501(C)(3) NONPROFIT WHOSE MISSION IS TO END MEDICAL DEBT AND BE: ** A SOURCE OF JUSTICE IN AN UNJUST HEALTHCARE FINANCE SYSTEM. OUR UNIQUE AND HIGHLY LEVERAGED DEBT ABOLISHMENT MODEL COMBINES THE GENEROSITY OF DONORS WITH DEBT INDUSTRY EXPERTISE TO PRODUCE A HIGH VOLUME OF DEBT RELIEF RETURN, MITIGATING SIGNIFICANT FINANCIAL AND MENTAL DISTRESS FOR MILLIONS OF PEOPLE. ** A UNIQUE SOLUTION FOR PATIENT-CENTERED HEALTH CARE PROVIDERS. BY PARTNERING WITH US, HEALTH CARE SYSTEMS CAN STRENGTHEN INDIVIDUALS AND COMMUNITIES BY RELIEVING DORMANT, UNCOLLECTIBLE, AND DAMAGING BAD DEBTS AND CAN IDENTIFY OPPORTUNITIES TO REFINE THEIR FINANCIAL ASSISTANCE PROGRAMS TO BETTER SERVE THEIR COMMUNITIES. ** A MORAL FORCE OF SYSTEMIC CHANGE. OUR WORK BRINGS ATTENTION TO THE RANGE OF NEGATIVE IMPACTS CAUSED BY MEDICAL DEBT AND A DEEPER UNDERSTANDING OF ITS CAUSES. THESE EFFORTS SUPPORT PROGRESS TOWARD A MORE COMPASSIONATE, TRANSPARENT, EQUITABLE AND AFFORDABLE HEALTHCARE SYSTEM. WHO IS RIP MEDICAL DEBT? WE ARE A NOT-FOR-PROFIT, NATIONAL CHARITY THAT RAISES FUNDS FROM DONORS AND USES THOSE FUNDS TO ACQUIRE AND ABOLISH MEDICAL DEBT. SINCE OUR FOUNDING IN 2014 (AS MEDICAL DEBT RESOLUTION, INC.), WE HAVE ABOLISHED NEARLY $12 BILLION OF MEDICAL DEBT AND HELPED MORE THAN 7 MILLION PEOPLE. WHAT IS THE GOAL OF RIP MEDICAL DEBT? RIP MEDICAL DEBT SEEKS TO HELP FAMILIES AND INDIVIDUALS BURDENED BY MEDICAL DEBT BY ACQUIRING AND ABOLISHING THESE DEBTS. BY CANCELLING THESE DEBTS, WE BRING FINANCIAL RELIEF TO FAMILIES AND REDUCE RELATED STRESS. THIS THEN IMPROVES THE HEALTH OF PATIENTS, FAMILIES, AND COMMUNITIES. OVER THE COURSE OF THE ORGANIZATION'S GROWTH, ITS VISION HAS EXPANDED TO ADDRESS THE ROOT CAUSES OF MEDICAL DEBT AND SEEKS TO TRANSFORM THE HEALTHCARE SYSTEM TO MAKE DEBT RELIEF UNNECESSARY IN THE FUTURE. WHY WE DO THIS WORK? MEDICAL DEBT OFTEN RESULTS FROM UNPLANNED AND UNEXPECTED ILLNESSES AND ACCIDENTS. ABOUT ONE THIRD OF ADULTS IN THE UNITED STATES HAVE DIFFICULTY PAYING THEIR HEALTH CARE BILLS. IN MANY AREAS AND FOR MANY REASONS, PEOPLE REMAIN UNINSURED AND THOSE WHO ARE INSURED OFTEN RECEIVE EXPENSIVE BILLS AFTER RECEIVING CARE. MEDICAL DEBT IS THE LEADING CAUSE OF BANKRUPTCY IN THE UNITED STATES. WE DO THIS WORK TO RELIEVE THE BURDEN OF MEDICAL DEBT, TO PREVENT PEOPLE FROM SKIPPING OR DELAYING MEDICAL CARE BECAUSE OF COST-RELATED CONCERNS, AND TO SUPPORT PEOPLE LIVING HEALTHIER LIVES. PEOPLE, HELPING PEOPLE WE DEPEND ON DONATIONS AND GRANTS FROM INDIVIDUALS, CORPORATIONS, CHARITABLE ORGANIZATIONS AND GOVERNMENT TO SUPPORT US IN OUR MISSION AND PURPOSE TO END MEDICAL DEBT. In May 2024, the organization changed their doing business name to "Undue Medical Debt". TO LEARN MORE ABOUT UNDUE MEDICAL DEBT, PLEASE VISIT US AT HTTPS://WWW.UNDUEMEDICALDEBT.ORG/. FORM 990, PART III, LINE 4D: SUPPORTING RESEARCH AND SURVEY ACTIVITIES STUDYING THE ECONOMIC AND SOCIAL EFFECTS OF MEDICAL DEBT AND MEDICAL DEBT RELIEF, AND HIGHLIGHTING PERSONAL STORIES AND COMMON THEMES FROM RECIPIENTS OF OUR MEDICAL DEBT RELIEF WORK. THIS IS DONE IN AN EFFORT TO REMOVE THE STIGMA ASSOCIATED WITH, AND BETTER UNDERSTAND THE IMPACTS OF MEDICAL DEBT. FORM 990, PART VI, SECTION A, LINE 2: TED SANN, DIRECTOR AND SECRETARY, IS THE BROTHER-IN-LAW OF WILLIAM VON MUEFFLING, DIRECTOR AND BOARD CHAIR. FORM 990, PART VI, SECTION A, LINE 4: THE BYLAWS WERE AMENDED IN DECEMBER 2023. BOARD MEMBER TERMS WERE ESTABLISHED, INCLUDING THE ADDITION OF A MAXIMUM TERM LENGTH EACH BOARD MEMBER MAY SERVE. IN ADDITION, OTHER TYPES OF NON-VOTING BOARD MEMBERS/COMMITTEES WERE ESTABLISHED. FORM 990, PART VI, SECTION B, LINE 11B: A COMPLETE COPY OF THIS FORM 990 HAS BEEN REVIEWED BY BOTH THE AUDIT COMMITTEE AND THE FULL BOARD OF DIRECTORS PRIOR TO FILING. THIS PROCESS IS PRESCRIBED IN THE CHARTER OF THE ORGANIZATION'S AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C: THE ORGANIZATION ENFORCES THE CONFLICT OF INTEREST POLICY BY MONITORING KNOWN RELATIONSHIPS, QUESTIONNAIRES, AND NOTING ANY CHANGES IN DISCLOSED INFORMATION. ANY CONFLICT IS REVIEWED BY THE BOARD BEFORE A DECISION IS MADE AS TO WHETHER TO APPROVE THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15: CEO COMPENSATION IS DETERMINED BY THE INDEPENDENT MEMBERS OF THE BOARD IN ACCORDANCE WITH WRITTEN POLICY, AND INFORMED BY A REPORT OF INDEPENDENT COMPENSATION CONSULTANTS, INCLUDING MARKET SURVEYS, AND OTHER INDEPENDENT RESEARCH. PROCESS FOR DETERMINING COMPENSATION OF OFFICERS AND OTHER KEY EMPLOYEES: IN 2023, THE COMPENSATION OF THE CEO WAS DETERMINED BY THE COMPENSATION COMMITTEE IN ACCORDANCE WITH WRITTEN POLICY, INFORMED BY INDEPENDENT RESEARCH INCLUDING MARKET SURVEYS AND 990 COMPENSATION DATA OF SIMILAR NONPROFIT ORGANIZATIONS. THE COMPENSATION OF OTHER OFFICERS AND OTHER KEY EMPLOYEES WAS DETERMINED BY INDEPENDENT RESEARCH, INCLUDING MARKET SURVEYS. COMPENSATION COMMITTEE: IN 2020, THE BOARD ESTABLISHED A NEW COMPENSATION COMMITTEE, COMPRISED OF AT LEAST THREE (3) INDEPENDENT DIRECTORS, WITH RESPONSIBILITY FOR ADVISING THE INDEPENDENT MEMBERS OF THE BOARD IN SETTING THE COMPENSATION OF THE ORGANIZATION'S CEO, OFFICERS, AND OTHER KEY EMPLOYEES. CURRENTLY THE NUMBER OF PERSONS SERVING ON THE COMPENSATION COMMITTEE IS FOUR (4). FORM 990, PART VI, SECTION C, LINE 19: THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. WHERE REQUIRED, THE ORGANIZATION ALSO FURNISHES THESE DOCUMENTS TO STATE AUTHORITIES. FORM 990, PART IX, LINE 24A: DETAILS OF COST OF DEBT ABOLISHED: PURCHASES - DEBT PORTFOLIOS: $15,453,205 DEBT ACQUISITION CONSULTING & ANALYSIS FEES: $ 174,724 PURCHASES - DEBT PLATFORM FEES: $ 100,186 PURCHASES - ANALYTICAL DATA: $ 516,059 PURCHASES - DIRECT LABOR: $ 1,074,417 DE/(IN)CREASE IN DEFERRED DEBT COSTS: $(3,420,015) TOTAL COST OF DEBT ABOLISHED: $13,898,575