Overview
What is Supporting Initiatives To Redistribute Unused Medicine - Sirum?
Supporting Initiatives To Redistribute Unused Medicine, or Sirum, is a Palo Alto, California-based nonprofit organization. They focus on connecting surplus medicine from institutions, such as commercial pharmacies and healthcare facilities, with safety-net providers like free clinics and charitable pharmacies. This process is akin to a "match.com for medicine," enabling medicine donors to efficiently reach those in need. Sirum not only connects donors and recipients but also coordinates third-party logistics like drug manifests, tracking, and shipping. Additionally, they operate a not-for-profit pharmacy and returns processor, which functions as third-party logistics providers offering warehousing and distribution services for donated medicine. Their mission is to standardize and streamline medical donations to communities in need, ensuring optimal coordination and efficiency. With a team of 27 employees, Sirum plays a crucial role in ensuring unused medication reaches those who require it most.
Official website here: www.sirum.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 92%, Four-Star out of Four Star rating.
Supporting Initiatives To Redistribute Unused Medicine - Sirum has achieved a strong 92% rating from Charity Navigator, reflecting robust accountability and financial practices. The organization has an exemplary program expense ratio of 99.42%, indicating that nearly all funds are directed toward its mission of redistributing unused medicine, which is a significant strength. The charity also scores highly on financial oversight aspects, with no material diversion of assets or loans to/from officers.
However, the organization faces some limitations, particularly in board independence. While 57% of its board members are independent, the size of the independent board is relatively small with only four members, which may pose risks related to governance. Despite these concerns, Sirum maintains a clear commitment to transparency and sound financial management, evidenced by strong scores in various accountability measures, including having robust conflict of interest and whistleblower policies.
This AI summary has been generated from information found on Charity Navigator.
Is Supporting Initiatives To Redistribute Unused Medicine - Sirum legitimate?
Supporting Initiatives To Redistribute Unused Medicine - Sirum is a legitimate nonprofit organization registered as a 501(c)(3) entity. Supporting Initiatives To Redistribute Unused Medicine - Sirum 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: $647,108
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,471,192
For more financial information, click here
Official website here: www.sirum.org
What is the mission statement of Supporting Initiatives To Redistribute Unused Medicine - Sirum?
Supporting Initiatives To Redistribute Unused Medicine, known as Sirum, aims to standardize and streamline the process of donating excess medical supplies to communities in need. By leveraging technology, Sirum efficiently connects surplus medicine from institutions like commercial pharmacies and healthcare facilities with safety-net providers, such as free clinics and charitable pharmacies. The organization acts like a matchmaker for medicine, facilitating coordination between donors and recipients and managing third-party logistics, including drug manifests, tracking, and shipping. Sirum's mission is to optimize the donation and distribution process, ensuring that unneeded medicine reaches those who require it most. The organization operates a not-for-profit pharmacy and returns processor to serve as third-party logistics providers, offering warehousing and distribution services for donated medicine intended for individuals in need.
Official website here: www.sirum.org
Who is the CEO of Supporting Initiatives To Redistribute Unused Medicine - Sirum?
Adam Kircher is the Director of Supporting Initiatives To Redistribute Unused Medicine - Sirum.
Official website here: www.sirum.org
What is the revenue of Supporting Initiatives To Redistribute Unused Medicine - Sirum?
Supporting Initiatives To Redistribute Unused Medicine - Sirum's revenue in 2022 was $33,807,072.
Official website here: www.sirum.org
Who are the executives of Supporting Initiatives To Redistribute Unused Medicine - Sirum and what are their salaries?
The average compensation at Supporting Initiatives To Redistribute Unused Medicine - Sirum during 2022 was $115,493. There are 27 employees at Supporting Initiatives To Redistribute Unused Medicine - Sirum.
Here are 7 key members and their salaries:
- Compensation: $222,000
- Related: $0
- Other: $12,958
- Compensation: $220,000
- Related: $0
- Other: $10,234
- Compensation: $205,108
- Related: $0
- Other: $10,045
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.sirum.org
Where can I find the form 990 for Supporting Initiatives To Redistribute Unused Medicine - Sirum?
Supporting Initiatives To Redistribute Unused Medicine - Sirum's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sirum.org
Learn more at the official website: www.sirum.org
Mission Statement of Supporting Initiatives To Redistribute Unused Medicine - Sirum
Sirum, a nonprofit organization, aims to standardize and streamline the process of donating excess medicine from commercial pharmacies and healthcare facilities to communities in need. By optimizing coordination and efficiency, Sirum ensures that donated medicines reach their intended recipients effectively. The organization functions like a match.com for medicine, linking medicine donors with safety-net providers such as free clinics and charitable pharmacies. Sirum facilitates the connection and manages logistics, including drug manifests, tracking, and shipping, to make the donation process smooth and seamless. Sirum's activities extend beyond just coordinating donations; the organization also operates a not-for-profit pharmacy and returns processor. These entities serve as third-party logistics providers, offering warehousing and distribution services for donated medicines destined for individuals in need. By harnessing technology and leveraging its extensive network, Sirum successfully bridges the gap between medicine donors and those in need, ensuring that valuable resources make a significant impact on the health and well-being of underserved communities.
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Impact
October, 2024
Supporting Initiatives To Redistribute Unused Medicine - Sirum streamlines the process of donating surplus medicine, addressing critical needs in healthcare by efficiently connecting donors with safety-net providers. By leveraging technology, it acts as a matchmaking platform that links commercial pharmacies and health facilities with free clinics and charitable pharmacies, ensuring that unused medications reach those who need them most—such as low-income individuals and underserved communities.
Through its coordinated logistics efforts, Sirum standardizes and optimizes the donation process, enhancing transparency and accountability. This includes managing itemized drug manifests and overseeing tracking and shipping of donated medicines, improving the overall efficiency of distributing vital medications.
Additionally, Sirum operates a not-for-profit pharmacy and offers return processing to ensure that donated medicine is stored and distributed effectively. This approach not only reduces waste but also amplifies access to necessary medications for individuals facing health challenges. Overall, Sirum's impact lies in its ability to transform surplus medicine into a lifeline for vulnerable populations, thereby contributing to better health outcomes and more equitable healthcare access.
This information is meant to be a general summary of Supporting Initiatives To Redistribute Unused Medicine - Sirum. 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: $242,032
- Program Service Revenue: $528,446
- Gross Receipts: $38,507,814
Assets and Liabilities:
- Total Assets: $27,290,299
- Total Liabilities: $1,479,439
- Net Assets: $25,810,860
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE INCOME
Revenue
$528,446
Organization Details
Founding Year
2009
Phone
(650) 488-7434Principal Officer
Adam Kircher
Main Address
3000 EL CAMINO REAL BLDG 4 200, PALO ALTO, CA, 94306
Website
www.sirum.orgNTEE Category
Code: E60 - Health
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