Overview
What is Iowa Prescription Drug Corporation?
The Iowa Prescription Drug Corporation, also known as Safenetrx, is a nonprofit organization based in Grimes, Iowa. Their mission is to serve the prescription needs of medically underserved populations by responsibly collecting and distributing donated medications. They focus on accumulated prescription medications that exist in long-term care and other medical settings. The donated medications undergo inspection by pharmacists and are subsequently distributed to clinics and pharmacies catering to uninsured and underinsured patients unable to afford essential drug therapies. The corporation employs a team of 13 individuals dedicated to making a difference in healthcare access for those in need.
Official website here: www.safenetrx.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Star rating)
The Iowa Prescription Drug Corporation has received a commendable Three-Star rating from Charity Navigator, primarily based on its strong performance in accountability and finance, scoring 85%. This high rating reflects effective management and transparency in its financial practices, which is significant for potential donors looking for trustworthiness in nonprofit organizations.
The organization shows exceptional strengths, particularly in its governance structure, with a completely independent board and no reported material diversion of assets. Additionally, the charity maintains high program expense ratios, indicating that a significant majority of funds go directly to its mission-related activities rather than administrative costs.
However, the organization faces a challenge in fundraising efficiency, with a notably low ratio. This suggests that while the charity is effective in its operations, it may struggle to generate funds relative to the cost of fundraising efforts. Addressing this aspect could enhance its overall financial sustainability and operational effectiveness in the long term.
This AI summary has been generated from information found on Charity Navigator.
Is Iowa Prescription Drug Corporation legitimate?
Iowa Prescription Drug Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Iowa Prescription Drug Corporation 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: $159,302
Professional Fundraising Fees: $0
Other Salaries and Wages: $398,157
For more financial information, click here
Official website here: www.safenetrx.org
What is the mission statement of Iowa Prescription Drug Corporation?
The Iowa Prescription Drug Corporation serves a vital role in addressing the prescription needs of medically underserved populations. Through their program, they collect unused prescription medications from long-term care facilities and other medical settings. By responsibly donating and distributing these medicines, they ensure they reach clinics and pharmacies catering to uninsured and underinsured patients who cannot afford necessary drug therapies. Pharmacists inspect the donated medications before distribution to ensure their safety and efficacy. The corporation's mission is to make a significant difference in the lives of those in need by providing essential medicines and improving overall health outcomes.
Official website here: www.safenetrx.org
Who is the CEO of Iowa Prescription Drug Corporation?
Jon Rosmann is the CEO of Iowa Prescription Drug Corporation The CEO's salary of Iowa Prescription Drug Corporation is $159,302 and their total compensation is $159,302.
Official website here: www.safenetrx.org
What is the revenue of Iowa Prescription Drug Corporation?
Iowa Prescription Drug Corporation's revenue in 2023 was $32,358,393.
Official website here: www.safenetrx.org
Who are the executives of Iowa Prescription Drug Corporation and what are their salaries?
The average compensation at Iowa Prescription Drug Corporation during 2023 was $50,678. There are 11 employees at Iowa Prescription Drug Corporation.
Here are 12 key members and their salaries (Iowa Prescription Drug Corporation's CEO's salary is $159,302 and their total compensation is $159,302):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $159,302
- Related: $0
- Other: $0
Official website here: www.safenetrx.org
Where can I find the form 990 for Iowa Prescription Drug Corporation?
Iowa Prescription Drug Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.safenetrx.org
Learn more at the official website: www.safenetrx.org
Mission Statement of Iowa Prescription Drug Corporation
Iowa Prescription Drug Corporation, a dedicated nonprofit entity, is committed to addressing the prescription needs of medically underserved populations. Through its mission, the organization collects and responsibly distributes donated medicines to ensure that those in need have access to essential drugs they cannot afford.
The program operates by gathering unused prescription medications that accumulate in long-term care and other medical settings. These donated medicines undergo thorough inspection by pharmacists before being distributed to clinics and pharmacies catering to uninsured and underinsured patients. By doing so, Iowa Prescription Drug Corporation bridges the gap in prescription access for individuals who are unable to afford necessary drug therapies.
The Iowa Prescription Drug Corporation functions as a drug donation repository. Its primary goal is to transform surplus medications into valuable resources for those most in need. By collecting and distributing donated prescription medications, the organization plays a vital role in improving health outcomes and promoting overall well-being within medically underserved communities.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Iowa Prescription Drug Corporation significantly impacts the health landscape by addressing the prescription needs of medically underserved populations. Through its drug donation repository program, it collects unused prescription medications from long-term care facilities and medical settings. These medications are then donated to SafeNetRx, where they undergo inspection by licensed pharmacists to ensure safety and efficacy.
The Corporation plays a crucial role in alleviating the burden of high medication costs for uninsured and underinsured patients. By distributing these vital medications to clinics and pharmacies that serve these populations, it helps improve access to necessary drug therapies, enhancing overall health outcomes in the community. This initiative not only reduces waste by repurposing unused medications but also supports individuals who might otherwise go without essential treatments, thereby fostering a healthier society.
This information is meant to be a general summary of Iowa Prescription Drug Corporation. 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 2023.
- Investment Income: $4,858
- Program Service Revenue: $23,271
- Gross Receipts: $32,358,393
Assets and Liabilities:
- Total Assets: $11,563,558
- Total Liabilities: $612,740
- Net Assets: $10,950,818
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PHARMACY PRESCRIPTION REVENUE
Revenue
$18,235
OTHER REVENUE-MEDICARE PART D
Revenue
$5,036
Organization Details
Founding Year
2001
Principal Officer
Jon Rosmann
Website
www.safenetrx.orgNTEE Category
Code: E80 - Health
If you are a representative of Iowa Prescription Drug Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.