Minnesota Medication Repository Program
- Assets
- $133.6k
- Revenue
- $565.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Minneapolis, MN
- Founding
- Data as of
- 12/2021
- 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. 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 12/2021, RoundtableRx generated $565.6k in total revenue. All expenses for the organization totaled $455.5k during the year ending 12/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ROUNDTABLERX IS MINNESOTA'S MEDICATION REPOSITORY. OUR MISSION IS TO OFFER SAFE AND AFFORDABLE 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 WHOLESALE PHARMACY WITH THE MINNESOTA BOARD OF PHARMACY. THE ORGANIZATION FUNCTIONS AS THE SOLE STATE-CREATED MEDICATION REPOSITORY. IT IS OPERATED BY A LICENSED PHARMACIST AND SUPPORTED BY A TEAM OF VOLUNTEER PHARMACIST PHARMACY INTERNS AND OTHER SKILLED VOLUNTEERS. THE PROGRAM RECEIVES SURPLUS MEDICATION FROM LONG-TERM CARE ENTITIES, AND THE PUBLIC THEN INSPECTS INVENTORIES AND REDISTRIBUTES THEM TO DISPENSING CLINICS AND PHARMACY PARTNERS FUR UNDER-RESOURCED MINNESOTA PATIENTS. THE PROGRAM REDUCES THE AMOUNT OF MEDICATION DISPOSED CREATING A POSITIVE ENVIRONMENTAL IMPACT. THE PROGRAM STARTED IN THE SECOND HALF OF 2020, BUILDING ITS INFRASTRUCTURE, AND DEVELOPING ITS BUSINESS OPERATIONS, 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 Board Chair | Officer | 3 | $0 |
Bruce Schmaltz Treasurer | Officer | 3 | $0 |
Andrew Morrow Secretary | Officer | 3 | $0 |
Lily Rowan Mahon Executive Director | Officer | 10 | $0 |
Eva Carlson Board Member | Trustee | 1 | $0 |
Luqman Lawal Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $14,860 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $551,725 |
| Noncash contributions included in lines 1a–1f | $364,264 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $566,585 |
| Total Program Service Revenue | $0 |
| Investment income | $74 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,093 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $565,566 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,526 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,130 |
| Payroll taxes | $4,892 |
| 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 | $4,140 |
| Advertising and promotion | $0 |
| Office expenses | $1,292 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,573 |
| 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 | $7,026 |
| All other expenses | $0 |
| Total functional expenses | $455,543 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,550 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $133,550 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $133,550 |
| 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 | $133,550 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Minnesota Medication Repository Program has recieved totaling $265,000.
| Awarding Organization | Amount |
|---|---|
Bush Foundation St Paul, MN PURPOSE: TO DEVELOP MINNESOTA'S FIRST PRESCRIPTION MEDICATION REPOSITORY PROGRAM AND MAKE IT ACCESSIBLE TO COMMUNITIES WITH THE GREATEST NEEDS | $108,000 |
Bush Foundation St Paul, MN PURPOSE: TO DEVELOP MINNESOTA'S FIRST PRESCRIPTION MEDICATION REPOSITORY PROGRAM AND MAKE IT ACCESSIBLE TO COMMUNITIES WITH THE GREATEST NEEDS | $100,000 |
Otto Bremer Trust St Paul, MN PURPOSE: GENERAL OPERATIONS | $50,000 |
Twin Cities Medical Society Foundation Roseville, MN PURPOSE: PROVIDING LOW OR NO-COST PRESCRIPTIONS TO PATIENTS IN NEED, INCLUDING RESPONSIBLE MEDICATION DESTRUCTION AND MEDICATION SHIPPING COSTS. | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Critical Access Group Duluth, MN | $0 | $1,435,391 |
Medical College Of Wisconson Affiliated Hospitals Inc Milwaukee, WI | $6,525,600 | $83,100,377 |
D&t Facility Management Company St Paul, MN | $0 | $9,375,360 |
Nuway Alliance Minneapolis, MN | $20,306,360 | $15,942,429 |
Central Iowa Health Properties Corporation Des Moines, IA | $56,150,433 | $5,306,089 |
Otto Schoitz Foundation Waterloo, IA | $68,331,413 | $12,915,755 |
Mbp Facility Llc Minneapolis, MN | $33,492,901 | $0 |
Wilderness Health Two Harbors, MN | $1,715,347 | $1,435,030 |
Twin City Christian Homes Inc Richfield, MN | $3,874,216 | $436,963 |
Minnesota Medication Repository Program Minneapolis, MN | $133,550 | $565,566 |
Deuel County Memorial Hospital Clear Lake, SD | $3,885,999 | $273,743 |
Towner County Hospital Authority Cando, ND | $5,364,276 | $3,599,010 |