Overview
What is Medicines360?
Medicines360 is a nonprofit pharmaceutical organization situated in San Francisco, California. Dedicated to addressing unmet needs, they specialize in developing innovative, affordable, and sustainable medicines and devices, particularly focusing on women's reproductive health. After obtaining NDA approval for their IUD product, Liletta, in 2015, Medicines360 has been distributing it through commercial partnerships. The organization has continued conducting clinical trials beyond the initial approval for the product and continues working on developing other medical products related to women's reproductive health. Their mission is to expand access to these treatments for all women in need.
Official website here: www.medicines360.org
What are the reviews and ratings of this charity?
Medicines360 has earned a commendable Four-Star out of Four Star rating from Charity Navigator, with an overall score of 94%. This high rating signifies strong accountability and financial health, as indicated by a low liabilities to assets ratio of 5.14% and a program expense ratio of 78.45%. These figures reflect the organization's commitment to effectively utilizing its funds for programmatic efforts.
The organization boasts an impressive board structure with a majority of independent members and rigorous oversight through its Audit and Oversight Committee. Additionally, Medicines360 has implemented policies addressing conflicts of interest and whistleblower protections, which enhance its transparency and governance practices. However, there is a noted absence of scoring in the Impact & Measurement category, and limited information on Leadership & Adaptability could be considered a gap in their reporting.
While user reviews from GreatNonprofits are not available for Medicines360, the organization demonstrates robust financial management and governance, which are critical strengths while they work on further enhancing impact measurement and community leadership aspects. Overall, the organization reflects a solid reputation in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Medicines360 legitimate?
Medicines360 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Medicines360 submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $2,840,377
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,887,562
For more financial information, click here
Official website here: www.medicines360.org
What is the mission statement of Medicines360?
Medicines360, a non-profit pharmaceutical organization, is dedicated to addressing the unmet needs of women by developing innovative, affordable, and sustainable medicines and devices. Their mission is focused on addressing unique health concerns, particularly within women's reproductive health. They received approval for their IUD product Liletta in 2015 and have continued clinical trials beyond the initial approval. Medicines360 also continues developing other medical products related to women's health and works to expand access to these solutions for all women in need.
Official website here: www.medicines360.org
Who is the CEO of Medicines360?
Andrea Olariu is the Principal Officer of Medicines360. The CEO's salary of Medicines360 is $620,956 and their total compensation is $686,348.
Official website here: www.medicines360.org
What is the revenue of Medicines360?
Medicines360's revenue in 2022 was $10,933,921.
Official website here: www.medicines360.org
Who are the executives of Medicines360 and what are their salaries?
The average compensation at Medicines360 during 2022 was $174,559. There are 50 employees at Medicines360.
Here are 16 key members and their salaries (Medicines360's CEO's salary is $620,956 and their total compensation is $686,348):
- Compensation: $620,956
- Related: $0
- Other: $65,392
- Compensation: $60,000
- Related: $0
- Other: $0
- Compensation: $40,000
- Related: $0
- Other: $0
- Compensation: $40,000
- Related: $0
- Other: $0
- Compensation: $40,000
- Related: $0
- Other: $0
- Compensation: $40,000
- Related: $0
- Other: $0
- Compensation: $40,000
- Related: $0
- Other: $0
- Compensation: $442,703
- Related: $33,707
- Other: $21,377
- Compensation: $415,245
- Related: $31,566
- Other: $37,524
- Compensation: $560,808
- Related: $0
- Other: $15,218
- Compensation: $345,292
- Related: $203,525
- Other: $96,427
- Compensation: $256,407
- Related: $171,984
- Other: $54,952
- Compensation: $317,256
- Related: $115,490
- Other: $31,064
- Compensation: $349,690
- Related: $0
- Other: $68,775
- Compensation: $316,881
- Related: $0
- Other: $31,147
- Compensation: $292,956
- Related: $0
- Other: $40,396
Official website here: www.medicines360.org
Where can I find the form 990 for Medicines360?
Medicines360's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.medicines360.org
Learn more at the official website: www.medicines360.org
Mission Statement of Medicines360
Medicines360, a non-profit pharmaceutical organization, is dedicated to addressing the unmet needs of women by developing innovative, affordable, and sustainable medicines and devices. Their mission is to address the specific health concerns of women, focusing on creating medications and devices that cater to their unique needs. Medicines360 has made significant strides in this area, as evidenced by their NDA approval for the IUD product Liletta in 2015. Since then, Liletta has been distributed through Medicines360's commercial partner. The organization continues to conduct clinical trials beyond the initial approval for Liletta and is also engaged in developing other medical products related to women's reproductive health. Furthermore, Medicines360 is committed to expanding access to these essential medicines and devices for all women in need.
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Impact
October, 2024
Medicines360 addresses unmet needs in women's healthcare by developing innovative, affordable, and sustainable medicines and medical devices. Their significant impact is highlighted by the successful launch of Liletta, an intrauterine device (IUD) approved by the FDA in 2015, aimed at providing effective contraceptive options. Since its approval, Liletta has been distributed through commercial partnerships, improving access to this essential reproductive health product.
Moreover, Medicines360 is dedicated to advancing women's health through ongoing clinical trials and the development of additional medical products. Their commitment to expanding access means that more women can receive the reproductive healthcare they need, fostering better health outcomes and empowering women through increased control over their reproductive choices. Overall, Medicines360 plays a crucial role in transforming women's healthcare by focusing on innovation and accessibility.
This information is meant to be a general summary of Medicines360. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $132,747
- Gross Receipts: $43,024,866
Assets and Liabilities:
- Total Assets: $65,028,349
- Total Liabilities: $5,787,561
- Net Assets: $59,240,788
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Organization Details
Founding Year
2009
Phone
(415) 951-8700Principal Officer
Andrea Olariu
Main Address
49 STEVENSON STREET 1100, SAN FRANCISCO, CA, 94105
Website
www.medicines360.orgNTEE Category
Code: H99 - Medical research
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