Civic Intelligence

Minnesota Medication Repository Program DBA Roundtablerx

990 • Fiscal year 2023 • EIN 30-1248113

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 11, 2024

2112 Broadway NE St 230Minneapolis, MN 55413

(612) 584-4647

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$1,200,736

Up $904,928 (+306%) from 2022

Net Assets

Up

$969,398

Up $677,581 (+232%) from 2022

Liabilities

Up

$231,338

Up $227,347 (+5696%) from 2022

Revenue And Expenses

Revenue

Up

$1,625,463

Up $1,235,730 (+317%) from 2022

Expenses

Up

$947,882

Up $445,780 (+89%) from 2022

Net Income

Up

$677,581

Up $789,950 (+703%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2021: $133,550Liabilities 2021: $0Net Assets 2021: $133,5502021Assets 2022: $295,808Liabilities 2022: $3,991Net Assets 2022: $291,8172022Assets 2023: $1,200,736Liabilities 2023: $231,338Net Assets 2023: $969,3982023Assets 2024: $1,487,345Liabilities 2024: $282,629Net Assets 2024: $1,204,7162024

Highlighted filing

2023

Assets$1,200,736
Liabilities$231,338
Net Assets$969,398

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2021: $565,566Expenses 2021: $455,543Net Income 2021: $110,0232021Revenue 2022: $389,733Expenses 2022: $502,102Net Income 2022: -$112,3692022Revenue 2023: $1,625,463Expenses 2023: $947,882Net Income 2023: $677,5812023Revenue 2024: $1,514,393Expenses 2024: $1,279,075Net Income 2024: $235,3182024

Highlighted filing

2023

Revenue$1,625,463
Expenses$947,882
Net Income$677,581
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 11, 2024
Return Version
2023v5.1
Gross Receipts
$1,625,463
Mission and Program Overview

Mission

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.

Roundtablerx is minnesota's medication repository program. Our mission is to offer safe and afordable medication to minnesotans in need, provide continuity of care and reduce waste by redistributing unused medications.

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$193,627$929,543▲ $735,916
Cash and Non-Interest-Bearing Accounts$94,222$136,969▲ $42,747
Accounts Receivable$0$20,816▲ $20,816
Prepaid Expenses and Deferred Charges$7,959$6,282▼ $1,677
Total Assets$295,808$1,200,736▲ $904,928
Other Assets Total$0$107,126▲ $107,126
Liabilities
Deferred Revenue$0$112,336▲ $112,336
Other Liabilities$0$107,391▲ $107,391
Accounts Payable and Accrued Expenses$3,991$11,611▲ $7,620
Total Liabilities$3,991$231,338▲ $227,347
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$291,817$969,398▲ $677,581
Total Net Assets Fund Balance$291,817$969,398▲ $677,581
Total Liabilities and Net Assets / Fund Balance$295,808$1,200,736▲ $904,928

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$107,126--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rachel RockwellExecutive DirectorFT$140,192$475$140,667

Board Members and Trustees

NameTitle
Sarah DerrChair
Mary MaccarthyPast Chair
Daniel AckertDirector
Eva CarlsonDirector
Kristin TaylorDirector
Lily Rowan MahonDirector
Luqman LawalDirector
Marsha MillonigDirector
Norrie ThomasDirector
Stephen ParenteDirector
Tanner FuchsDirector
Andrew MorrowSecretary
Bruce ShmaltzTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,602,008
Program Service Revenue
$0
Investment Income
$163
Other Revenue
$23,292
All Other Contributions
$1,423,703
Change in Net Assets
$677,581

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Drugs and Medical Supplies550,562$1,411,865Fair Market Value (FMV)
Total Noncash Contributions550,562$1,411,865-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,625,463
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$21,716
Total Revenue per Audited Statements
$1,647,179
Total Revenue per Form 990
$1,625,463
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$744,247
Salaries, Compensation, and Employee Benefits$203,635
Total Fundraising Expense$4,044
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$123,844$14,019$2,804$140,667
Other Salaries and Wages$41,924$4,764$953$47,641
Occupancy$24,227--$24,227
Payroll Taxes$13,603$1,437$287$15,327
Insurance$4,083$5,433-$9,516
Fees for Services Other$2,906$3,805-$6,711
All Other Expenses$1,150$3,250-$4,400
Other Expenses$1,415$578-$1,993
Travel$1,367$59-$1,426
Total Functional Expenses$910,457$33,381$4,044$947,882

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$969,598
Expenses per Audited Statements$947,882
Total Expenses per Form 990$947,882
Expenses Not Reported on Form 990$21,716
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Right of Use Liability$107,391
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 4

Organization added several policies: gift contribution policy, whistleblower policy, volunteer & employee hipaa policy, bod term limit policy, bod attendance rule with termination policy, board member affirmation policy and compensation review of executive director policy.

Form 990, Part VI, Section A, Line 8B

Committees did not make any decisions on behalf of the governing body in 2023.

Form 990, Part VI, Section B, Line 11B

Upon completion, it is reviewed by the executive director, the board chair and the treasurer before filinig with the irs. The final form is provided to all board members before being filed with the irs.

Form 990, Part VI, Section B, Line 12C

The organizations conflict of interest policy applies to all board members, officers, staff members, and members of the board committee with board-delegated powers as well as their immediate family members, including spouse or equivalent, children, and parents, and anyone who can influence the actions of the organization or has proprietary information concerning the organization. Disclosure in the organization should be made to the board of directors or board committee. The board of other duly constituted committee will then determine if a conflict-of-interest exists the individual for which the conflict lies will be excluded from all discussion and voting on any transaction involving the matter.

Form 990, Part VI, Section B, Line 15A

The board of directors annually obtains, reviews, and assimilates comparative compensation data. The board of directors shall consider the reasonableness and appropriateness of compensation and benefits in relation to the marketplace and comparative data.

Form 990, Part VI, Section C, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Minnesota Medication Repository Program
EIN
30-1248113
Phone
6125844647
Address
2112 BROADWAY NE ST 230, MINNEAPOLIS, MN 55413
Doing Business As
Roundtablerx

Signing Officer

Name
Rachel Rockwell
Title
Executive Director
Phone
6125844647
Signed
2024-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rachel Rockwell
Formed
2020
Legal Domicile
Mn
Voting Board Members
14
Independent Board Members
14
Employees
2
Volunteers
37

Preparer

Firm
Carpenter Evert & Associates Ltd
Address
7760 FRANCE AVE S SUITE 940, BLOOMINGTON, MN 55435
Preparer
Matt Pillsbury
Phone
9528310085
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IRS990/Desc0ROUNDTABLERX IS A LICENSED PHARMACY WHOLESALER WITH THE MINNESOTA BOARD OF PHARMACY. THE ORGANIZATION FUNCTIONS AS THE SOLE STATE-DESIGNATED MEDICATION REPOSITORY. IT IS OPERATED BY A LICENSED PHARMACIST AND SUPPORTED BY A TEAM OF VOLUNTEER PHARMACISTS, PHARMACY INTERNS AND OTHER SKILLED VOLUNTEERS. THE PROGRAM RECEIVES SURPLUS MEDICATION FROM LONG-TERM CARE ENTITIES AND THE PUBLIC THEN INSPECTS INVENTORIES AND REDISTRUBUTES THEM TO DESPENSING CLINICS AND PHARMACY PARTNERS FOR UNDER-RESOURCED MINNESOTA PATIENTS. THE PROGRAM REDUCES THE AMOUNT OF MEDICATION DISPOSED CREATING A POSITIVE ENVIROMENTAL IMPACT. THE PROGRAM STARTED IN THE SECOND HALF OF 2020, BUILDING ITS INFRASTRUCTURE, AND DEVELOPING ITS BUSINESSS OPERATION, GOVERNANCE AND FINANCES. IT RECEIVED ITS FIRST GIFT OF MEDICATION IN DECEMBER 2020.
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IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0953
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt04764
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt041924
IRS990/OtherSalariesAndWagesGrp/TotalAmt047641
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0287
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01437
IRS990/PayrollTaxesGrp/ProgramServicesAmt013603
IRS990/PayrollTaxesGrp/TotalAmt015327
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07959
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06282
IRS990/PrincipalOfficerNm0RACHEL ROCKWELL
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0394167
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0131
IRS990/PYOtherExpensesAmt0374161
IRS990/PYOtherRevenueAmt0-4565
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-112372
IRS990/PYSalariesCompEmpBnftPaidAmt0127944
IRS990/PYTotalExpensesAmt0502105
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0389733
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0677581
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01411865
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01623724
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0394167
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0457327
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0253485
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02728703
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0163
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt074
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0131
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0368
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt023292
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt01258
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0531
IRS990ScheduleA/OtherIncome170Grp/TotalAmt025081
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt02728703
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01623724
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0394167
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0457327
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0253485
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02728703
IRS990ScheduleA/TotalSupportAmt02754152
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt021716
IRS990ScheduleD/DonatedServicesUseFcltsAmt021716
IRS990ScheduleD/ExpensesNotReportedAmt021716
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0947882
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0107126
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RIGHT OF USE ASSET
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0107391
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RIGHT OF USE LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt021716
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01625463
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0107126
IRS990ScheduleD/TotalExpensesPerForm990Amt0947882
IRS990ScheduleD/TotalLiabilityAmt0107391
IRS990ScheduleD/TotalRevenuePerForm990Amt01625463
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01647179
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0969598
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/DrugsAndMedicalSuppliesGrp/ContributionCnt0550562
IRS990ScheduleM/DrugsAndMedicalSuppliesGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/DrugsAndMedicalSuppliesGrp/NonCashCheckboxInd0X
IRS990ScheduleM/DrugsAndMedicalSuppliesGrp/NoncashContributionsRptF990Amt01411865
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd01
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION ADDED SEVERAL POLICIES: GIFT CONTRIBUTION POLICY, WHISTLEBLOWER POLICY, VOLUNTEER & EMPLOYEE HIPAA POLICY, BOD TERM LIMIT POLICY, BOD ATTENDANCE RULE WITH TERMINATION POLICY, BOARD MEMBER AFFIRMATION POLICY AND COMPENSATION REVIEW OF EXECUTIVE DIRECTOR POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMMITTEES DID NOT MAKE ANY DECISIONS ON BEHALF OF THE GOVERNING BODY IN 2023.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON COMPLETION, IT IS REVIEWED BY THE EXECUTIVE DIRECTOR, THE BOARD CHAIR AND THE TREASURER BEFORE FILINIG WITH THE IRS. THE FINAL FORM IS PROVIDED TO ALL BOARD MEMBERS BEFORE BEING FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATIONS CONFLICT OF INTEREST POLICY APPLIES TO ALL BOARD MEMBERS, OFFICERS, STAFF MEMBERS, AND MEMBERS OF THE BOARD COMMITTEE WITH BOARD-DELEGATED POWERS AS WELL AS THEIR IMMEDIATE FAMILY MEMBERS, INCLUDING SPOUSE OR EQUIVALENT, CHILDREN, AND PARENTS, AND ANYONE WHO CAN INFLUENCE THE ACTIONS OF THE ORGANIZATION OR HAS PROPRIETARY INFORMATION CONCERNING THE ORGANIZATION. DISCLOSURE IN THE ORGANIZATION SHOULD BE MADE TO THE BOARD OF DIRECTORS OR BOARD COMMITTEE. THE BOARD OF OTHER DULY CONSTITUTED COMMITTEE WILL THEN DETERMINE IF A CONFLICT-OF-INTEREST EXISTS THE INDIVIDUAL FOR WHICH THE CONFLICT LIES WILL BE EXCLUDED FROM ALL DISCUSSION AND VOTING ON ANY TRANSACTION INVOLVING THE MATTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS ANNUALLY OBTAINS, REVIEWS, AND ASSIMILATES COMPARATIVE COMPENSATION DATA. THE BOARD OF DIRECTORS SHALL CONSIDER THE REASONABLENESS AND APPROPRIATENESS OF COMPENSATION AND BENEFITS IN RELATION TO THE MARKETPLACE AND COMPARATIVE DATA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0295808
IRS990/TotalAssetsEOYAmt01200736
IRS990/TotalAssetsGrp/BOYAmt0295808
IRS990/TotalAssetsGrp/EOYAmt01200736
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01602008
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt04044
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt033381
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0910457
IRS990/TotalFunctionalExpensesGrp/TotalAmt0947882
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03991
IRS990/TotalLiabilitiesEOYAmt0231338
IRS990/TotalLiabilitiesGrp/BOYAmt03991
IRS990/TotalLiabilitiesGrp/EOYAmt0231338
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0291817
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0969398
IRS990/TotalOtherCompensationAmt0475
IRS990/TotalProgramServiceExpensesAmt0910457

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