Rx Drug Access Partnership
- Assets
- $1.3m
- Revenue
- $746.2k
- Investments
- $0.0
- Employees
- 7
- Location
- Richmond, VA
- Founding
- 02/2004
- Data as of
- 06/2023
- EIN
- 57-1186937
Organization Overview
Rx Drug Access Partnership, operating under the name Rx Partnership, is located in Richmond, VA. The organization was established in 2004. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. As of 06/2023, Rx Partnership employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rx Partnership 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 06/2023, Rx Partnership generated $746.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $694.9k during the year ending 06/2023. While expenses have increased by 7.8% per year over the past 8 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
RX PARTNERSHIP IS A PUBLIC/PRIVATE PARTNERSHIP WHICH EXISTS TO INCREASE ACCESS TO ESSENTIAL MEDICATION FOR VIRGINIA'S VULNERABLE POPULATIONS AND SERVE AS A RESOURCE TO THE ORGANIZATIONS THAT SUPPORT THESE POPULATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RX PARTNERSHIP COORDINATES FREE MEDICATION FROM PHARMACEUTICAL COMPANIES AND ARRANGES FOR DISTRIBUTION DIRECTLY TO NONPROFIT, LICENSED PHARMACIES WHICH IT CREDENTIALS AND MONITORS. RX PARTNERHIP ALSO SUPPORTS MEDICATION DELIVERY TO CLINICS WITHOUT A LICENSED PHARMACY. IN FISCAL YEAR 2023, RX PARTNERSHIP PROVIDED ITS 30 CLINIC PARTNERS WITH ACCESS TO FREE MEDICATION TO SUPPORT OVER 8,342 UNINSURED VIRGINIANS. BRAND AND GENERIC MEDICATIONS OBTAINED THROUGH THE RX PARTNERSHIP PROGRAM FILLED NEARLY 51,000 PRESCRIPTIONS WITH A VALUE OF MORE THAN 15.3 MILLION. THESE MEDICATIONS TREAT CHRONIC ILLNESSES SUCH AS ASTHMA, DIABETES, HYPERTENSION, AND DEPRESSION. FOR EVERY DOLLAR DONATED TO RX PARTNERSHIP, 22 IN PRESCRPTION VALUE WAS DELIVERED TO CLINIC PATIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Yarcich Executive Di | Officer | 40 | $130,689 |
Kerri Musselman Chair | OfficerTrustee | 1 | $0 |
Dourina Petersen Vice-Chair | OfficerTrustee | 1 | $0 |
Shawn Nelson Treasurer | OfficerTrustee | 1 | $0 |
Linda Hines Secretary | OfficerTrustee | 1 | $0 |
Christine Bryant Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $159,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $508,963 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $668,463 |
| Total Program Service Revenue | $67,542 |
| Investment income | $16,830 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,067 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $746,153 |
| 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. | $147,036 |
| Compensation of current officers, directors, key employees. | $29,407 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $161,580 |
| Pension plan accruals and contributions | $11,525 |
| Other employee benefits | $19,257 |
| Payroll taxes | $22,677 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $9,750 |
| Fees for services: Investment Management | $3,263 |
| Fees for services: Other | $79,476 |
| Advertising and promotion | $9,508 |
| Office expenses | $31,453 |
| Information technology | $44,047 |
| Royalties | $0 |
| Occupancy | $20,564 |
| Travel | $1,985 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,261 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,157 |
| Insurance | $3,185 |
| All other expenses | $0 |
| Total functional expenses | $694,909 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,586 |
| Savings and temporary cash investments | $356,191 |
| Pledges and grants receivable | $174,740 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $831 |
| Investments—publicly traded securities | $690,256 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $38,289 |
| Total assets | $1,342,893 |
| Accounts payable and accrued expenses | $67,030 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $38,862 |
| Total liabilities | $105,892 |
| Net assets without donor restrictions | $1,192,001 |
| Net assets with donor restrictions | $45,000 |
| 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 | $1,342,893 |