Overview
What is Minnesota Medication Repository Program?
The Minnesota Medication Repository Program, operated under the name RoundtableRx, is a nonprofit initiative based in Minneapolis, Minnesota. This program serves as a medication repository, receiving surplus medications from long-term care entities. It is led by a licensed pharmacist and supported by a team of volunteers, including pharmacist interns. The program allows the public to inspect and redistribute these medications to under-resourced patients in Minnesota through partnering clinics and pharmacies. By doing so, RoundtableRx aims to reduce medication waste, promote environmental sustainability, and ensure access to affordable and necessary medications for Minnesotans in need.
Official website here: www.roundtablerx.org
Is Minnesota Medication Repository Program legitimate?
Minnesota Medication Repository Program is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minnesota Medication Repository Program 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: $90,704
Professional Fundraising Fees: $0
Other Salaries and Wages: $26,018
For more financial information, click here
Official website here: www.roundtablerx.org
What is the mission statement of Minnesota Medication Repository Program?
The Minnesota Medication Repository Program, operated by RoundtableRX, is dedicated to providing safe and affordable medication to individuals in need within Minnesota. The program aims to ensure continuity of care and minimize waste by redistributing unused medications. By collaborating with long-term care entities and dispensing clinics, the repository offers surplus medications to under-resourced patients, thereby reducing medication disposal and having a positive environmental impact. The program, established in the latter half of 2020, is continuously building its infrastructure, refining business operations, and developing governance and financial structures.
Official website here: www.roundtablerx.org
Who is the CEO of Minnesota Medication Repository Program?
Sarah Derr is the Board Chair of Minnesota Medication Repository Program.
Official website here: www.roundtablerx.org
What is the revenue of Minnesota Medication Repository Program?
Minnesota Medication Repository Program's revenue in 2022 was $389,733.
Official website here: www.roundtablerx.org
Who are the executives of Minnesota Medication Repository Program and what are their salaries?
The average compensation at Minnesota Medication Repository Program during 2022 was $116,722. There is 1 employee and 42 volunteers at Minnesota Medication Repository Program.
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Official website here: www.roundtablerx.org
Where can I find the form 990 for Minnesota Medication Repository Program?
Minnesota Medication Repository Program's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.roundtablerx.org
Learn more at the official website: www.roundtablerx.org
Mission Statement of Minnesota Medication Repository Program
The Minnesota Medication Repository Program, known as RoundtableRX, operates with a mission to provide safe and affordable medication to Minnesotans in need. This mission is twofold, aiming to offer continuity of care and reduce waste by redistributing unused medications. The program achieves this by acting as a medication repository, receiving surplus medication from long-term care entities. It then allows under-resourced Minnesota patients to inspect and redeem these medications through dispensing clinics and pharmacy partners. By doing so, the program not only helps individuals in need but also reduces medication waste and positively impacts the environment. The Minnesota Medication Repository Program is run by a licensed pharmacist and a team of volunteer pharmacist pharmacy interns and other skilled volunteers, demonstrating its commitment to serving the community. Established in the latter half of 2020, the program has been building its infrastructure, fine-tuning its operations, and securing its financials, eventually receiving its first donation of medication in December of the same year.
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Impact
October, 2024
The Minnesota Medication Repository Program has made significant strides in addressing medication access and waste reduction among underserved populations. By redistributing surplus medications from long-term care facilities to those in need, the program ensures that individuals, particularly those facing financial hardships, can obtain essential medications safely and affordably.
This initiative not only enhances continuity of care for patients who might otherwise struggle to access required treatments but also plays a crucial role in minimizing medical waste. By repurposing unused medications, the program contributes to a more sustainable healthcare system and reduces the environmental impact associated with medication disposal.
Since its inception in late 2020, the program has developed a robust infrastructure, enlisting the support of licensed pharmacists and volunteers to facilitate the redistribution process. The collaboration with dispensing clinics and pharmacy partners further amplifies its reach, ensuring that vulnerable populations in Minnesota receive timely and effective healthcare solutions. Overall, the Minnesota Medication Repository Program exemplifies an effective model for improving health outcomes while promoting environmental sustainability.
This information is meant to be a general summary of Minnesota Medication Repository Program. 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: $131
- Gross Receipts: $394,829
Assets and Liabilities:
- Total Assets: $295,808
- Total Liabilities: $3,991
- Net Assets: $291,817
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Organization Details
Founding Year
2020
Phone
(612) 850-5349Principal Officer
Sarah Derr
Main Address
2112 Broadway NE St Suite 130, Minneapolis, MN, 55413
Website
www.roundtablerx.orgNTEE Category
Code: E19 - Health
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