Regalorx Inc
- Assets
- $2.6m
- Revenue
- $12.1m
- Investments
- $0.0
- Employees
- 156
- Location
- Lenexa, KS
- Founding
- 08/2019
- Data as of
- 12/2022
- EIN
- 83-3558266
Organization Overview
Regalorx Inc is located in Lenexa, KS. The organization was established in 2019. According to its NTEE Classification (E86) the organization is classified as: Patient & Family Support, under the broad grouping of Health Care and related organizations. As of 12/2022, Regalorx Inc employed 156 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Regalorx Inc 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 12/2022, Regalorx Inc generated $12.1m in total revenue. All expenses for the organization totaled $11.8m during the year ending 12/2022. While expenses have increased by 65.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
REGALORX, A 501(C)(3) NONPROFIT ORGANIZATION, PROVIDES HIGH-QUALITY PATIENT ASSISTANCE SERVICES TO PHARMACEUTICAL COMPANIES (OR THEIR FOUNDATIONS) FOR THEIR PATIENT ASSISTANCE FREE-DRUG PROGRAMS. OUR MISSION IS TO PROVIDE THE QUALITY OF CARE FOR THE PATIENT ASSISTANCE PROGRAM (PAP) PATIENTS AND PROVIDERS THAT REFLECTS POSITIVELY ON THE DONOR COMPANY AND DRAWS UPON THE HUMANITARIAN VALUES OF HEART TO HEART INTERNATIONAL, OUR RELATED MEDICAL HUMANITARIAN ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REGALORX IS A PROVIDER OF PATIENT ASSISTANCE SERVICES DESIGNED TO IMPROVE ACCESS TO CERTAIN DONATED MEDICINES AND DEVICES IN THE UNITED STATES AND TERRITORIES. PATIENTS WITH A VALID PRESCRIPTION AND WHO QUALIFY FOR A MANUFACTURER'S PROGRAM WILL RECEIVE THOSE PRODUCTS FROM A LICENSED PHARMACY. REGALORX CONNECTS PHILANTHROPIC MANUFACTURERS AND THEIR FOUNDATIONS WITH PATIENTS WHO QUALIFY FOR THEIR DONATED PRODUCTS. THE ORGANIZATION IS PAID BY THE MANUFACTURERS OR THEIR FOUNDATIONS TO OPERATE THEIR DONATED PRODUCT PROGRAMS WITHOUT CHARGE TO THE PATIENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Mitchum President & CEO | OfficerTrustee | 40 | $101,666 |
Larry Downey Chairman Of The Board | OfficerTrustee | 1 | $0 |
Denise Lynch Treasurer | OfficerTrustee | 1 | $0 |
Bob Lambrechts Secretary | OfficerTrustee | 1 | $0 |
Betsy Braham Member | Trustee | 1 | $0 |
Kim Carroll Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Medvantx Inc Pharmacy Management & Warehouse | 12/30/22 | $1,792,263 |
Broadpath Llc Contract Temp Labor | 12/30/22 | $521,380 |
Liveops Agent Services Llc Contract Temp Labor | 12/30/22 | $875,336 |
Five9 Inc Call Center Technology | 12/30/22 | $321,294 |
J&j Printing Letter & Application Printing And Mailin | 12/30/22 | $195,172 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $12,071,255 |
| Investment income | $58 |
| 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 | $12,071,338 |
| 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. | $511,991 |
| Compensation of current officers, directors, key employees. | $306,585 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,630,250 |
| Pension plan accruals and contributions | $138,455 |
| Other employee benefits | $610,975 |
| Payroll taxes | $402,624 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,319 |
| Fees for services: Accounting | $16,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,847,767 |
| Advertising and promotion | $0 |
| Office expenses | $351,778 |
| Information technology | $648,957 |
| Royalties | $0 |
| Occupancy | $50,593 |
| Travel | $19,415 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,212 |
| Interest | $183,727 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $100,761 |
| Insurance | $8,752 |
| All other expenses | $0 |
| Total functional expenses | $11,817,005 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,142 |
| Savings and temporary cash investments | $650,667 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,654,664 |
| 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 | $47,392 |
| Net Land, buildings, and equipment | $155,124 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,625,989 |
| Accounts payable and accrued expenses | $1,316,568 |
| 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 | $125,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $4,108,428 |
| Other liabilities | $583,813 |
| Total liabilities | $6,133,809 |
| Net assets without donor restrictions | -$3,507,820 |
| 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 | $2,625,989 |