Overview
What is Commonshare Inc?
Commonshare Inc, based in Henrico, Virginia, serves as a charitable pharmacy, dedicated to providing prescription medications to individuals living within the Commonwealth. The organization's primary focus is on assisting uninsured or underinsured individuals, as well as free clinics, federal qualified healthcare centers, and hospitals. Through their Medication Access (MA) program, they procure medications from wholesalers or non-profit partners and dispense them to eligible individuals at no cost or reduced prices. In response to the COVID-19 pandemic, Commonshare has stepped up to provide public health vaccinations through community clinics and partner facilities, continuing to support public health efforts by offering walk-in vaccinations at their pharmacy. Overall, Commonshare Inc is committed to improving healthcare access for those in need within Virginia.
Official website here: www.commonsharerx.org
Is Commonshare Inc legitimate?
Commonshare Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Commonshare 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: $29,100
Professional Fundraising Fees: $0
Other Salaries and Wages: $244,993
For more financial information, click here
Official website here: www.commonsharerx.org
What is the mission statement of Commonshare Inc?
Commonshare Inc is a charitable organization dedicated to providing prescription medications to individuals who are uninsured or underinsured, as well as to free clinics, federal qualified healthcare centers, and hospitals. Their primary mission is to ensure that everyone in need has access to essential medications. Through their Medication Access (MA) program, they procure medications from drug wholesalers and non-profit partners, and dispense them to eligible individuals at no cost or at a reduced price. In response to the COVID-19 public health emergency, Commonshare also launched vaccination clinics in the community and at partner clinics, and continues to assist with public health efforts by offering walk-in vaccinations at their pharmacy.
Official website here: www.commonsharerx.org
What is the revenue of Commonshare Inc?
Commonshare Inc's revenue in 2023 was $1,177,705.
Official website here: www.commonsharerx.org
Who are the executives of Commonshare Inc and what are their salaries?
The average compensation at Commonshare Inc during 2023 was $30,455. There are 9 employees and 5 volunteers at Commonshare Inc.
Here are 2 key members and their salaries:
- Compensation: $29,100
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.commonsharerx.org
Where can I find the form 990 for Commonshare Inc?
Commonshare Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.commonsharerx.org
Learn more at the official website: www.commonsharerx.org
Mission Statement of Commonshare Inc
Commonshare Inc, a charitable pharmacy, is dedicated to providing prescription medications to individuals residing in the Commonwealth of Virginia. The organization's primary mission is to support uninsured or underinsured individuals, as well as free clinics, federal qualified healthcare centers, and hospitals. Commonshare achieves this mission through two key programs: Medication Access (MA) and Public Health Vaccinations.
Under the Medication Access program, Commonshare procures medications from drug wholesalers or obtains donations from non-profit partners. These medications are then dispensed to eligible individuals with a valid prescription from referral sources, such as clinics, hospitals, and community-based physicians. The organization offers these medications either free of charge or at a reduced cost to those in need.
In response to the Public Health Emergency (PHE) caused by the COVID-19 pandemic, Commonshare has also initiated vaccination clinics in the community and at partner clinics. The organization continues to contribute to public health efforts by offering walk-in vaccinations at their pharmacy. In this way, Commonshare Inc is not only providing access to essential medications but also contributing to the overall health and well-being of the community.
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Impact
October, 2024
Commonshare Inc significantly enhances healthcare access for uninsured and underinsured individuals in Virginia. By operating as a charitable pharmacy, it ensures that people who might otherwise struggle to afford medications receive the prescriptions they need. The organization procures medications from drug wholesalers and manages donations from non-profit partners, allowing them to dispense these medications free of charge or at a reduced cost.
In addition to medication access, Commonshare actively contributes to public health initiatives, particularly in response to emergencies like the COVID-19 pandemic. By organizing vaccination clinics and providing walk-in vaccination services, they help safeguard community health and ensure that vulnerable populations are protected against infectious diseases. Their efforts not only improve individual health outcomes but also contribute to the overall well-being of the community, making a substantial impact on public health in the Commonwealth of Virginia.
This information is meant to be a general summary of Commonshare 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 2023.
- Investment Income: $35,500
- Program Service Revenue: $920,693
- Gross Receipts: $1,177,705
Assets and Liabilities:
- Total Assets: $126,067
- Total Liabilities: $71,568
- Net Assets: $54,499
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Pharmacy Service
Revenue
$920,693
Organization Details
Founding Year
2019
Principal Officer
William M Weimer Ii
Website
www.commonsharerx.orgNTEE Category
Code: E60 - Health
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