Commonshare Inc
- Assets
- $126.1k
- Revenue
- $421.2k
- Investments
- $0.0
- Employees
- 11
- Location
- Henrico, VA
- Founding
- Data as of
- 12/2022
- EIN
- 84-2490661
Organization Overview
Commonshare Inc is located in Henrico, VA. 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 12/2022, Commonshare Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Commonshare 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, Commonshare Inc generated $421.2k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $351.7k during the year ending 12/2022. While expenses have increased by 2.3% per year over the past 2 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
COMMONSHARE IS A CHARITABLE PHARMACY PROVIDING ACCESS TO PRESCRIPTION MEDICATIONS TO INDIVIDUALS THAT RESIDE IN THE COMMONWEALTH OF VIRGINIA. THE PRIMARY MISSION FOCUS IS TO ASSIST UNINSURED OR UNDERINSURED INDIVIDUALS, FREE CLINICS, FEDERAL QUALIFIED HEALTHCARE CENTERS, AND HOSPITALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
(1) MEDICATION ACCESS (MA): THROUGH OUR MA PROGRAM, WE PROCURE MEDICATIONS FROM DRUG WHOLESALERS OR DONATED MEDICATION FROM NON-PROFIT PARTNERS. WE DISPENSE THESE MEDICATIONS TO INDIVIDUALS LIVING IN THE COMMONWEALTH OF VIRGINIA WITH A VALID PRESCRIPTION FROM REFERRAL SOURCE CLINICS, HOSPITALS, AND COMMUNITY-BASED PHYSICIANS EITHER FREE OR AT OR BELOW COST. (2) PUBLIC HEALTH VACCINATIONS: IN RESPONSE TO THE PUBLIC HEALTH EMERGENCY (PHE) DUE TO THE COVID-19 PANDEMIC COMMONSHARE RESPONDED WITH VACCINATION CLINICS IN THE COMMUNITY AND AT PARTNER CLINICS. WE ARE CONTINUING TO ASSIST WITH PUBLIC HEALTH EFFORTS OFFERING WALK-IN VACCINATIONS AT THE PHARMACY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William M Weimer II Executive Director & Board Member | OfficerTrustee | 10 | $4,723 |
Vincent E Jackson Chairman Of Board | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,643 |
| All other contributions, gifts, grants, and similar amounts not included above | $110,253 |
| Noncash contributions included in lines 1a–1f | $61,280 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $119,896 |
| Total Program Service Revenue | $265,823 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $35,500 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $421,219 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $159,124 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,723 |
| Compensation of current officers, directors, key employees. | $2,361 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $179,730 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $8,073 |
| Total functional expenses | $351,650 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,824 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $100,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $18,243 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $126,067 |
| Accounts payable and accrued expenses | $27,800 |
| 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 | $43,768 |
| Other liabilities | $0 |
| Total liabilities | $71,568 |
| Net assets without donor restrictions | $54,499 |
| 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 | $126,067 |