2023-07-25T16:08:57-05:00
2022-12-31
BDO USA PA
100 PARK AVENUE
NEW YORK
NY
100175001
990
2022-01-01
471442997
MEDICAL DEBT RESOLUTION INC
% ALLISON SESSO
MEDI
8446373328
28-07 JACKSON AVE 5TH FL
LONG ISLAND CITY
NY
11101
JOSE PENABAD
Treasurer
8446373328
2023-07-21
true
JOSE
PENABAD
999009999
Tara Cooke
P01281186
2128858000
3
2022
2023-04-26 12:10:37Z
RIP MEDICAL DEBT
ALLISON SESSO
28-07 JACKSON AVE 5TH FL
LONG ISLAND CITY
NY
11101
42951867
false
X
WWW.RIPMEDICALDEBT.ORG
X
2014
NY
to end medical debt
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The mission of the Organization is to end medical debt. (See schedule O)
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MEDICAL DEBT RELIEF: LOCATE, ACQUIRE, AND ABOLISH, I.E. RELIEVE, MEDICAL DEBT FOR INDIVIDUALS EARNING 400% OR LESS THAN THE FEDERAL POVERTY LEVEL (RAISED FROM 200% IN MARCH 2022), OR HAVE A MEDICAL DEBT MORE THAN 5% OF ESTIMATED ANNUAL HOUSEHOLD GROSS INCOME.
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TECHNOLOGY INFRASTRUCTURE DEVELOPMENT PROGRAM: RESEARCH, DESIGN, AND DEVELOP TECHNOLOGIES TO DIRECTLY SUPPORT THE ORGANIZATION'S CORE MISSION OF LOCATING, ACQUIRING, AND ABOLISHING MEDICAL DEBT.
341915
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EDUCATION AND PUBLIC POLICY: ENGAGE IN EFFORTS TO RAISE PUBLIC AWARENESS OF THE ECONOMIC AND SOCIAL EFFECTS OF MEDICAL DEBT. INFORM AND SUPPORT PUBLIC POLICY EFFORTS TO ADDRESS SYSTEMIC CAUSES OF MEDICAL DEBT.
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ALLISON SESSO
8446373328
28-07 JACKSON AVE 5TH FL
LONG ISLAND CITY
NY
11101
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ALLISON SESSO
CEO & PRESIDENT
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0.0
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RUTH LANDE
VP HOSPITAL RELATIONS
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0.0
X
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DAVID REYNOLDS
VP INFO SYSTEMS
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0.0
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PRISCILLA THOMAS-KEITH
VP PROGRAM MANAGEMENT
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CHARLES RUSSEK
SENIOR SOFTWARE DEVELOPER
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JANA KNAUEROVA
VP FINANCE & ADMINISTRATION
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MIKEL BURROUGHS
DIRECTOR MILITARY DEBT ACQ.
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Eva Stahl
VP Public Policy
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CRAIG ANTICO
DEBT OPERATIONS CONSULTANT
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WILLIAM VON MUEFFLING
DIRECTOR & BOARD CHAIR
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MICHELE MASUCCI
DIRECTOR & VICE CHAIR
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JOSE PENABAD
DIRECTOR & TREASURER
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TED SANN
DIRECTOR & SECRETARY
1.0
0.0
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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
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0.0
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0
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ELIZABETH MARINCOLA
DIRECTOR
1.0
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DR RAM RAJU
DIRECTOR
1.0
0.0
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MAGAN RAY
DIRECTOR
1.0
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JEFF SMEDSRUD
DIRECTOR
1.0
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JONATHAN WIGGS
DIRECTOR (FROM 12/2022)
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SANDRA DAVIS LLC DBA DONORLY
1460 BROADWAY
NEW YORK
NY
10036
FUNDRAISING COUNSEL
1079000
APPTION CORPORATION
1600 SCOTT STREET SUITE 400
OTTAWA
ONTARIO
CA
K1Y4N7
IT Consulting
210000
SCALE OF CHANGE LLC
1110 VERMONT AVENUE NW SUITE 300
WASHINGTON
DC
20005
FUNDRAISING SERVICES
192909
NIXON PEABODY
70 WEST MADISON SUITE 5200
CHICAGO
IL
60602
LEGAL SERVICES
174323
VERITE HEALTHCARE CONSULTING
28-07 JACKSON AVENUE FLOOR 5
LONG ISLAND CITY
NY
11101
CONSULTING SERVICES
152500
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MAILING SERVICES
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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.
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OPERATING LEASE LIABILITY
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PART X, LINE 2:
The Organization is exempt from federal, state, and local income taxes under Section 501(c)(3) of the Code and, therefore, has made no provision for income taxes in the accompanying financial statements. Under U.S. 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 IRS Form 990 information returns, as required, and all other applicable returns in jurisdictions where so required. For the year ended December 31, 2022, there were no interest or penalties recorded or included in the statement of activities. The Organization is subject to routine audit by a taxing authority. As of December 31, 2022, the Organization was not subject to any examination by a taxing authority.
X
X
X
X
X
true
Sandra Davis LLC dba Donorly
1460 BROADWAY
NEW YORK
NY
10036
FUNDRAISING
false
1079000
-1079000
1079000
-1079000
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AK
AZ
AR
CA
CO
CT
DE
DC
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HI
ID
IL
IN
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KY
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MD
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MN
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NH
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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 VIRTUALLY ALL REVENUE, EXCEPT IN-KIND REVENUE.
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X
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ALLISON SESSO
CEO & PRESIDENT
290193
0
0
0
0
0
10279
0
12704
0
313176
0
0
0
RUTH LANDE
VP HOSPITAL RELATIONS
246893
0
15000
0
0
0
9293
0
20433
0
291619
0
0
0
DAVID REYNOLDS
VP INFO SYSTEMS
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0
0
0
0
0
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0
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0
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0
0
0
PRISCILLA THOMAS-KEITH
VP PROGRAM MANAGEMENT
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0
0
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0
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0
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0
0
0
CRAIG ANTICO
DEBT OPERATIONS CONSULTANT
34365
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SCHEDULE J, PART I, LINE 7:
RUTH LANDE, NEW VP HOSPITAL RELATIONS, RECEIVED A SECOND PORTION OF HER SIGN-ON BONUS IN MARCH 2022.
DINI VON MUEFFLING CONSULTING
Family Member of CHAIRMAN
99000
consultant
false
CRAIG J ANTICO
Former Officer/Director
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consulting services
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24
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FMV
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CRYPTOCURRENCY
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FMV
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FORM 990, PART III:
MISSION OF MEDICAL DEBT RESOLUTION, INC., DBA "RIP MEDICAL DEBT": RIP MEDICAL DEBT IS 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 $8.8 billion of medical debt and helped more than 5.5 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. 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 in paying their health care bills. In many areas and for many reasons, people remain uninsured and those who are insured 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 fears, and to support people living healthier lives. People, helping people We depend on donations from individuals, corporations, charitable organizations and government to support us in our mission and purpose. To learn more about RIP Medical Debt, please visit us at https://www.ripmedicaldebt.org/.
FORM 990, PART III, LINE 4D:
MEDICAL DEBT RESEARCH: SUPPORT RESEARCH AND SURVEY ACTIVITIES STUDYING THE ECONOMIC AND SOCIAL EFFECTS OF MEDICAL DEBT AND MEDICAL DEBT RELIEF. IN AN EFFORT TO BREAK THE STIGMA AND BETTER UNDERSTAND THE IMPACTS OF MEDICAL DEBT, WE HIGHLIGHT THE PERSONAL STORIES AND COMMON THEMES OF INDIVIDUALS WHO HAVE HAD THEIR DEBT RELIEVED THROUGH OUR EFFORTS.
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 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 2022, THE COMPENSATION OF OFFICERS AND KEY EMPLOYEES WAS DETERMINED BY THE INDEPENDENT MEMBERS OF THE BOARD IN ACCORDANCE WITH WRITTEN POLICY INFORMED, WHERE APPROPRIATE BY A REPORT OF INDEPENDENT COMPENSATION CONSULTANTS AND OTHER 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 EXECUTIVE DIRECTOR, 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: $5,965,330 PURCHASES - DEBT ANALYSIS FEES: $ 12,321 DEBT ACQUISITION CONSULTING FEES: $ 232,365 PURCHASES - DEBT PLATFORM FEES: $ 78,244 PURCHASES - ANALYTICAL DATA: $ 564,722 Purchases - Direct Labor: $ 935,567 DE/(IN)CREASE IN DEFERRED DEBT COSTS: $(1,921,689) TOTAL COST OF DEBT ABOLISHED: $5,866,860
FORM 990 PART IX LINE 11G
DESCRIPTION:CONTRACTORS & CONSULTANTS TOTAL FEES:1328361