Maxaid EIN 35-2577906

Maxaid FY2020 filing

EIN  35-2577906 Supporting organization Seattle, WA Founded 2016
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Verified accurate 7/4/26 · see original filing: IRS
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Size
$100M+
What they do
Increases global access to cancer treatment, care, and support.
Leadership
Patricia Garcia-Gonzalez · Chief Executive Officer
Money in and out
$521.8M revenue, $439.4M expenses
Bottom line
+16% net inflow

Increases global access to cancer treatment, care, and support. For fiscal year 2020 it reported $521.8M in revenue, $439.4M in expenses, and $191.0M in net assets.Pt I

Money in and out · FY2020
Total revenue
$521.8M
Pt VIII · Ln 12
Total expenses
$439.4M
Pt IX · Ln 25
Net assets
$191.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $82.4M
Where spending went · Part IX cols B–D
Program services $1.00 Management & general $0.00
Net inflow
+16%
revenue over expenses, this year
Pass-through gifts
100%
of revenue from contributions
Program spending
100%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$521.8M
FY2020
Expenses
$439.4M
FY2020
Total assets
$193.3M
FY2020
Total liabilities
$2.3M
FY2020
Total revenue
$521.8M
Pt VIII · Ln 12
Total expenses
$439.4M
Pt IX · Ln 25
Net assets
$191.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$82.4M
Total assetsPt X · Ln 16$193.3M
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

1 program service account for $439.4M of program spending, described in the organization's own filed words · FY2020.
01

Maxaid hosts the max foundation's collaboration with five leading global healthcare manufacturers for humanitarian access to eight critical medicines under the umbrella of max access solutions.

$439.4Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMaxaid
EINHdr · item D35-2577906
Principal addressHdr · item CSeattle, WA
WebsiteHdr · item Jwww.maxaid.org
Year of formationHdr · item L2016
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFDiseases & Disorders (G19)
Ruling yearIRS BMFMar 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chief Executive Officer
$0Pt VII · Sec A
Chief Financial Officer
$0Pt VII · Sec A
Board President
$0Pt VII · Sec A
Board Vice President
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
See Maxaid executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants100%$521.8M
Total revenueLn 12$521.8M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00 Management & general $0.00
Program services100%$439.4M
Management & general$6K
Total functional expensesLn 25$439.4M

Balance Sheet

Part X · end of year
CashLn 1$965K
Total assetsLn 16$193.3M
Total liabilitiesLn 26$2.3M
Total net assetsLn 32$191.0M
Months of cash on handcomputed0.0

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $965K · Operating expenses (Pt IX) $439.4M · Less non-cash grants $512.4M · Cash operating expenses/yr $-73.0M
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $439.4M · Total expenses $439.4M
100%
Management & General
Management & general $6K · Total expenses $439.4M
0%
Fundraising
Fundraising $0 · Total expenses $439.4M
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $521.8M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $521.8M · Total revenue $521.8M
100%
Government reliance
Government grants — · Total revenue $521.8M
Earned-income share
Program service revenue $0 · Total revenue $521.8M
0%
Investment reliance
Investment income $0 · Total revenue $521.8M
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $439.4M
0%
Growth & trend
Revenue growth (YoY)
This year $521.8M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $191.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $521.8M · Expenses $439.4M
+16%
Liabilities-to-Assets
Total liabilities — · Total assets $193.3M
Net-asset ratio
Net assets $191.0M · Total assets $193.3M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $193.3M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Patricia Garcia-Gonzalez · Reported title CHIEF EXECUTIVE OFFICER · Highest reported compensation $0 · Total expenses $439.4M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $439.4M
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Accounting fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$200K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$309.1M revenue · ⤓ 990 PDF
FY2023$311.1M revenue · ⤓ 990 PDF
FY2022$317.9M revenue · ⤓ 990 PDF
FY2021$455.6M revenue · ⤓ 990 PDF
FY2020$521.8M revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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