Drug Takeback Solutions Foundation
- Assets
- $66.6k
- Revenue
- $826.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Winstonsalem, NC
- Founding
- Data as of
- 12/2022
- EIN
- 85-1666391
Organization Overview
Drug Takeback Solutions Foundation is located in Winstonsalem, NC. According to its NTEE Classification (E70) the organization is classified as: Public Health, 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. Drug Takeback Solutions Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION, AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"), CARRIES ON VARIOUS CHARITABLE AND EDUCATIONAL PROGRAMS AND ACTIVITIES SUPPORTING ITS PRIMARY MISSION TO REPRESENT PERSONS THAT MANUFACTURE DRUGS (BOTH PRESCRIPTION AND NONPRESCRIPTION, BRANDED AND GENERIC), HERBAL REMEDIES, DRUG PRODUCTS, BIOLOGICS, MEDICAL DEVICES, AND ANY OTHER SIMILAR PRODUCTS TO PLAN AND OPERATE DRUG TAKE-BACK PROGRAMS AND SIMILAR DRUG STEWARDSHIP LAWS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES PHARMACEUTICAL MANUFACTURERS WITH A SYSTEM FOR THE COLLECTION, SHIPPING, AND DESTRUCTION OF UNWANTED MEDICATIONS IN COMPLIANCE WITH STATE AND LOCAL REQUIREMENTS.DURING 2022, 647 DRUG LINERS IN OREGON WERE RETURNED FOR 15,118.07 POUNDS, AND 1,783 DRUG LINERS WERE RETURNED IN CALIFORNIA FOR 58,613.75 POUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Carter Director | Trustee | 1 | $10,000 |
Susan Jones Director | Trustee | 1 | $10,000 |
Joyce Ballack Director | Trustee | 1 | $0 |
Chris Smith President | Officer | 1 | $0 |
Lee Smith Treasurer | Officer | 1 | $0 |
Jon Pierce Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $15,000 |
| 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 | $15,000 |
| Total Program Service Revenue | $811,671 |
| Investment income | $0 |
| 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 | $826,693 |
| 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. | $20,000 |
| Compensation of current officers, directors, key employees. | $20,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $70,269 |
| Fees for services: Accounting | $27,455 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $779,238 |
| 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 | $5,868 |
| Total functional expenses | $902,830 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,677 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,892 |
| 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 | $66,569 |
| Accounts payable and accrued expenses | $169,097 |
| 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 | $169,097 |
| Net assets without donor restrictions | -$102,528 |
| 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 | $66,569 |