Supporting Initiatives To Redistribute Unused Medicine-Sirum
- Assets
- $28.3m
- Revenue
- $36.8m
- Investments
- $0.0
- Employees
- 27
- Location
- Palo Alto, CA
- Founding
- 10/2011
- Data as of
- 12/2021
- EIN
- 27-1103057
Organization Overview
Supporting Initiatives To Redistribute Unused Medicine-Sirum is located in Palo Alto, CA. The organization was established in 2011. 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 12/2021, Supporting Initiatives To Redistribute Unused Medicine-Sirum employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Supporting Initiatives To Redistribute Unused Medicine-Sirum 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 12/2021, Supporting Initiatives To Redistribute Unused Medicine-Sirum generated $36.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 66.5% each year . All expenses for the organization totaled $32.2m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTING INITIATIVES TO REDISTRIBUTE UNUSED MEDICINE (SIRUM) STANDARDIZES AND STREAMLINES MEDICAL DONATIONS TO COMMUNITITES IN NEED, ENSURING OPTIMAL COORDINATION AND EFFICIENCY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SIRUM USES TECHNOLOGY TO CONNECT SURPLUS MEDICINE FROM INSTITUTIONS LIKE COMMERCIAL PHARMACIES AND HEALTH FACILITIES WITH SAFETY-NET PROVIDERS LIKE FREE CLINICS AND CHARITABLE PHARMACIES TO BENEFIT ILL AND/OR NEEDY INDIVIDUALS. LIKE A MATCH.COM FOR MEDICINE, WE CONNECT MEDICINE DONORS WITH THESE SAFETY-NET PROVIDERS AND COORDINATE THIRD PARTY LOGISTICS LIKE ITEMIZED DRUG MANIFESTS, TRACKING, AND SHIPPING. OUR WORK INCLUDES OPERATING A NON-PROFIT PHARMACY AND RETURNS PROCESSOR WHICH ARE UTILIZED WHEN NEEDED AS THIRD PARTY LOGISTICS PROVIDERS OFFERING WAREHOUSING AND DISTRIBUTION SERVICES FOR DONATED MEDICINE GOING TO INDIVIDUALS IN NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Wang Director | OfficerTrustee | 50 | $203,271 |
Adam Kircher Director | OfficerTrustee | 50 | $200,550 |
Kiah Williams Director | OfficerTrustee | 50 | $200,550 |
Michelle Branch JD PHD Member | Trustee | 1 | $0 |
Geraldine Maro PHD Member | Trustee | 1 | $0 |
Vishal Suluja Member | Trustee | 1 | $0 |
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 | $36,035,077 |
| Noncash contributions included in lines 1a–1f | $27,105,621 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,035,077 |
| Total Program Service Revenue | $583,590 |
| Investment income | $31,505 |
| 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 | $36,792,276 |
| 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. | $621,354 |
| Compensation of current officers, directors, key employees. | $81,364 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,419,247 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $118,997 |
| Payroll taxes | $152,215 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,330 |
| Fees for services: Accounting | $29,755 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $925,044 |
| Advertising and promotion | $5,407 |
| Office expenses | $115,002 |
| Information technology | $102,006 |
| Royalties | $0 |
| Occupancy | $95,223 |
| Travel | $26,904 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,471 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,463 |
| Insurance | $14,672 |
| All other expenses | $53,567 |
| Total functional expenses | $32,177,686 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,927,694 |
| Savings and temporary cash investments | $16,804,992 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,708,923 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,373,433 |
| Prepaid expenses and deferred charges | $36,250 |
| Net Land, buildings, and equipment | $365,030 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $45,347 |
| Total assets | $28,261,669 |
| Accounts payable and accrued expenses | $153,052 |
| 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 | $0 |
| Total liabilities | $153,052 |
| Net assets without donor restrictions | $22,255,781 |
| Net assets with donor restrictions | $5,852,836 |
| 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 | $28,261,669 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Supporting Initiatives To Redistribute Unused Medicine-Sirum has recieved totaling $2,357,925.
| Awarding Organization | Amount |
|---|---|
Hopewell Fund Washington, DC PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY | $1,200,000 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Health | $1,030,000 |
Ffwd San Francisco, CA PURPOSE: General Support | $102,713 |
Denver Foundation Denver, CO PURPOSE: ANNUAL SUPPORT | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $212 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Queen Emma Land Company Honolulu, HI | $818,713,914 | $96,602,419 |
Supporting Initiatives To Redistribute Unused Medicine-Sirum Palo Alto, CA | $28,261,669 | $36,792,276 |
M A C T Health Board Incorporated Angels Camp, CA | $53,645,952 | $30,568,229 |
On Lok Inc San Francisco, CA | $19,946,932 | $17,376,209 |
Community Health Alliance Of Pasadena Pasadena, CA | $18,827,487 | $24,947,791 |
Bestcare Treatment Services Inc Redmond, OR | $14,991,372 | $25,871,853 |
Another Joy Foundation 1 Las Vegas, NV | $385,078 | $10,750 |
Health Current Phoenix, AZ | $23,747,319 | $33,338,747 |
Futuro Health Sacramento, CA | $110,017,184 | $860,894 |
Weave Inc Sacramento, CA | $13,914,949 | $13,834,479 |
California Housing Foundation Redlands, CA | $127,602,722 | $11,460,522 |
Medic Alert Foundation United States Inc Turlock, CA | $13,450,917 | $8,673,816 |