Minnesota Medication Repository Program
- Assets
- $1.2m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 2
- Location
- Minneapolis, MN
- Founding
- Data as of
- 12/2023
- EIN
- 30-1248113
Organization Overview
Minnesota Medication Repository Program, operating under the name Roundtablerx, is located in Minneapolis, MN. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., under the broad grouping of Health Care and related organizations. As of 12/2023, Roundtablerx employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Roundtablerx is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Roundtablerx generated $1.6m in total revenue. All expenses for the organization totaled $947.9k during the year ending 12/2023. While expenses have increased by 145.9% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ROUNDTABLERX IS MINNESOTA'S MEDICATION REPOSITORY PROGRAM. OUR MISSION IS TO OFFER SAFE AND AFORDABLE MEDICATION TO MINNESOTANS IN NEED, PROVIDE CONTINUITY OF CARE AND REDUCE WASTE BY REDISTRIBUTING UNUSED MEDICATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ROUNDTABLERX IS A LICENSED PHARMACY WHOLESALER WITH THE MINNESOTA BOARD OF PHARMACY. THE ORGANIZATION FUNCTIONS AS THE SOLE STATE-DESIGNATED MEDICATION REPOSITORY. IT IS OPERATED BY A LICENSED PHARMACIST AND SUPPORTED BY A TEAM OF VOLUNTEER PHARMACISTS, PHARMACY INTERNS AND OTHER SKILLED VOLUNTEERS. THE PROGRAM RECEIVES SURPLUS MEDICATION FROM LONG-TERM CARE ENTITIES AND THE PUBLIC THEN INSPECTS INVENTORIES AND REDISTRUBUTES THEM TO DESPENSING CLINICS AND PHARMACY PARTNERS FOR UNDER-RESOURCED MINNESOTA PATIENTS. THE PROGRAM REDUCES THE AMOUNT OF MEDICATION DISPOSED CREATING A POSITIVE ENVIROMENTAL IMPACT. THE PROGRAM STARTED IN THE SECOND HALF OF 2020, BUILDING ITS INFRASTRUCTURE, AND DEVELOPING ITS BUSINESSS OPERATION, GOVERNANCE AND FINANCES. IT RECEIVED ITS FIRST GIFT OF MEDICATION IN DECEMBER 2020.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Maccarthy Past Chair | Trustee | 2 | $0 |
Andrew Morrow Secretary | OfficerTrustee | 2 | $0 |
Bruce Shmaltz Treasurer | OfficerTrustee | 2 | $0 |
Lily Rowan Mahon Director | Trustee | 2 | $0 |
Eva Carlson Director | Trustee | 2 | $0 |
Tanner Fuchs Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $178,305 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,423,703 |
| Noncash contributions included in lines 1a–1f | $1,411,865 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,602,008 |
| Total Program Service Revenue | $0 |
| Investment income | $163 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,625,463 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $140,667 |
| Compensation of current officers, directors, key employees. | $14,019 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,641 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,327 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,711 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,227 |
| Travel | $1,426 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,516 |
| All other expenses | $4,400 |
| Total functional expenses | $947,882 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,969 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,816 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $929,543 |
| Prepaid expenses and deferred charges | $6,282 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $107,126 |
| Total assets | $1,200,736 |
| Accounts payable and accrued expenses | $11,611 |
| Grants payable | $0 |
| Deferred revenue | $112,336 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $107,391 |
| Total liabilities | $231,338 |
| Net assets without donor restrictions | $969,398 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,200,736 |