Overview
What is Regalorx Inc?
Regalorx Inc, a 501(C)(3) nonprofit organization located in Lenexa, Kansas, focuses on improving access to certain donated medicines and devices in the United States and territories. By connecting pharmaceutical companies and their foundations with patients who qualify for their donated products, Regalorx acts as an intermediary, ensuring high-quality patient assistance services that reflect positively on the donor company. With a mission rooted in humanitarian values, Regalorx operates with a team of 156 employees and facilitates the distribution of donated products from licensed pharmacies to patients with valid prescriptions. The organization's primary goal is to provide exceptional care for Patient Assistance Program (PAP) patients and providers, aligning with the compassionate mission of Heart to Heart International, its related medical humanitarian organization.
Official website here: www.regalorx.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81% (Three-Star out of Four Star rating).
Regalorx Inc has received a Three-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance with a score of 81%. The organization demonstrates solid governance, featuring a board that is entirely independent, with 80% of its members being independent. It also scores well in areas such as financial oversight, material diversion of assets, and various policies related to transparency.
While the organization excels in many financial metrics, its liabilities to assets ratio is a significant point of concern, sitting at 233.58%, which may indicate financial strain. Additionally, the nonprofit did not post its tax form on its website, which can affect transparency. Overall, Regalorx Inc shows a commendable level of accountability but must address its financial liabilities to enhance its stability and trustworthiness further.
This AI summary has been generated from information found on Charity Navigator.
Is Regalorx Inc legitimate?
Regalorx Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Regalorx Inc 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: $511,991
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,630,250
For more financial information, click here
Official website here: www.regalorx.org
What is the mission statement of Regalorx Inc?
Regalorx Inc, a 501(C)(3) nonprofit organization, offers top-notch patient assistance services to pharmaceutical companies or their foundations, supporting their free-drug programs. Their mission is geared towards delivering exceptional care to patients in Patient Assistance Programs (PAP). This standard of care reflects positively on the donor company. Drawing inspiration from Heart to Heart International, their related medical humanitarian organization, Regalorx Inc's humanitarian values underpin their commitment to this cause. They focus on ensuring the well-being of both PAP patients and providers, ultimately contributing to a positive image for the donor company.
Official website here: www.regalorx.org
Who is the CEO of Regalorx Inc?
Larry Downey is the Chairman Of The Board of Regalorx Inc. The CEO's salary of Regalorx Inc is $101,666 and their total compensation is $119,415.
Official website here: www.regalorx.org
What is the revenue of Regalorx Inc?
Regalorx Inc's revenue in 2022 was $12,071,338.
Official website here: www.regalorx.org
Who are the executives of Regalorx Inc and what are their salaries?
The average compensation at Regalorx Inc during 2022 was $32,963. There are 156 employees and 8 volunteers at Regalorx Inc.
Here are 16 key members and their salaries (Regalorx Inc's CEO's salary is $101,666 and their total compensation is $119,415):
- Compensation: $101,666
- Related: $0
- Other: $17,749
- 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: $172,133
- Other: $9,225
- 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: $192,759
- Related: $0
- Other: $12,648
- Compensation: $165,063
- Related: $0
- Other: $22,107
- Compensation: $118,357
- Related: $0
- Other: $19,475
- Compensation: $124,038
- Related: $0
- Other: $11,175
- Compensation: $110,263
- Related: $0
- Other: $18,923
- Compensation: $105,525
- Related: $0
- Other: $21,900
Official website here: www.regalorx.org
Where can I find the form 990 for Regalorx Inc?
Regalorx Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.regalorx.org
Learn more at the official website: www.regalorx.org
Mission Statement of Regalorx Inc
Regalorx Inc, a 501(c)(3) nonprofit organization, is dedicated to offering top-notch patient assistance services for pharmaceutical companies or their foundations, supporting their patient assistance free-drug programs. The mission of Regalorx is multifaceted. It aims to deliver exceptional care for the Patient Assistance Program (PAP) patients and providers, reflecting positively on the donor company. The organization also draws inspiration from the humanitarian values of Heart to Heart International, its related medical humanitarian organization.
Regalorx plays a significant role in enhancing the quality of care provided to PAP patients and their healthcare providers. By offering these services, Regalorx upholds the reputation of the donor companies and contributes to their philanthropic efforts. The humanitarian values expressed by Heart to Heart International resonate within Regalorx, as it strives to make a difference in people's lives through its patient assistance programs. By focusing on the needs of those in need, Regalorx contributes to the overall health and well-being of its clients, ensuring that everyone receives the care they deserve.
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
Regalorx Inc significantly enhances access to essential medicines and medical devices for patients in the United States and its territories. By facilitating high-quality patient assistance services, Regalorx connects eligible patients with pharmaceutical companies and their foundations, ensuring they receive necessary medications without financial burden. For patients with valid prescriptions, Regalorx simplifies the process of accessing donated products through licensed pharmacies, effectively bridging the gap between philanthropic manufacturers and those in need.
The organization operates patient assistance programs aimed at improving the quality of care provided to patients. By ensuring a seamless experience, Regalorx not only supports patients but also reflects positively on the pharmaceutical companies involved. Its commitment to quality care and humanitarian values aligns with the mission of its related medical humanitarian organization, Heart to Heart International.
In this way, Regalorx Inc plays a vital role in promoting health equity, enabling better health outcomes for underserved populations and enhancing the public perception of donor companies through responsible and compassionate patient assistance programs.
This information is meant to be a general summary of Regalorx Inc. 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: $58
- Program Service Revenue: $12,071,255
- Gross Receipts: $12,071,338
Assets and Liabilities:
- Total Assets: $2,625,989
- Total Liabilities: $6,133,809
- Net Assets: -$3,507,820
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.
PROGRAM ASSISTANCE
Revenue
$12,071,255
Organization Details
Founding Year
2019
Phone
(913) 764-5200Principal Officer
Larry Downey
Main Address
11550 RENNER BLVD, LENEXA, KS, 66219
Website
www.regalorx.orgNTEE Category
Code: E86 - Health
If you are a representative of Regalorx Inc 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.