Civic Intelligence

Drug Takeback Solutions Foundation

EIN 85-1666391 • 501(c)3 • Winstonsalem, NC

Profile

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.

One West Fourth Street 500Winstonsalem, NC 27101

www.takebackfoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

99th percentile

3.33x

Higher debt load relative to assets than 99% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

93rd percentile

2.03x

Higher debt load relative to revenue than 93% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

6th percentile

-54%

Higher net margin than 6% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

51st percentile

$10,000

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

98th percentile

307%

Faster asset growth than 98% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

85th percentile

50%

Faster revenue growth than 85% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,886,055

Up $1,422,799 (+307%) from 2023

Liabilities

Up

$6,274,956

Up $3,026,397 (+93%) from 2023

Net Assets

Down

-$4,388,901

Down $1,603,598 (-58%) from 2023

Revenue

Up

$3,084,312

Up $1,029,063 (+50%) from 2023

Expenses

Down

$4,737,777

Down $247 (-0.0%) from 2023

Net Income

Up

-$1,653,465

Up $1,029,310 (+38%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0-$5.0MAssets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020Assets 2021: $10,669Liabilities 2021: $37,060Net Assets 2021: -$26,3912021Assets 2022: $66,569Liabilities 2022: $169,097Net Assets 2022: -$102,5282022Assets 2023: $463,256Liabilities 2023: $3,248,559Net Assets 2023: -$2,785,3032023Assets 2024: $1,886,055Liabilities 2024: $6,274,956Net Assets 2024: -$4,388,9012024

Highlighted filing

2024

Assets$1,886,055
Liabilities$6,274,956
Net Assets-$4,388,901

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2020: $0Expenses 2020: $0Net Income 2020: $02020Revenue 2021: $23,714Expenses 2021: $50,105Net Income 2021: -$26,3912021Revenue 2022: $826,693Expenses 2022: $902,830Net Income 2022: -$76,1372022Revenue 2023: $2,055,249Expenses 2023: $4,738,024Net Income 2023: -$2,682,7752023Revenue 2024: $3,084,312Expenses 2024: $4,737,777Net Income 2024: -$1,653,4652024

Highlighted filing

2024

Revenue$3,084,312
Expenses$4,737,777
Net Income-$1,653,465

Filings

Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$826,693
Mission and Program Overview

Mission

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 programs in u.s. States and jurisdictions that pass drug take-back or similar drug stewardship laws.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,955$39,677▲ $37,722
Accounts Receivable$8,714$26,892▲ $18,178
Total Assets$10,669$66,569▲ $55,900
Liabilities
Accounts Payable and Accrued Expenses$23,927$169,097▲ $145,170
Total Liabilities$23,927$169,097▲ $145,170
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-13,258$-102,528▼ $89,270
Total Net Assets Fund Balance$-13,258$-102,528▼ $89,270
Total Liabilities and Net Assets / Fund Balance$10,669$66,569▲ $55,900
Compensation and Service Providers

Employees

NameTitleBaseTotal
Robert CarterDirector$10,000$10,000
Susan JonesDirector$10,000$10,000

Board Members and Trustees

NameTitle
Chris SmithPresident
Joyce BallackDirector
Jon PierceSecretary
Lee SmithTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$15,000
Program Service Revenue
$811,671
Investment Income
$0
Other Revenue
$22
Change in Net Assets
$-76,137

Audited Revenue Reconciliation

Revenue per Audited Statements
$826,693
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,272,993
Total Revenue per Audited Statements
$2,099,686
Total Revenue per Form 990
$826,693
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$882,830
Salaries, Compensation, and Employee Benefits$20,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$779,238--$779,238
Fees for Services Legal-$70,269-$70,269
Fees for Services Accounting-$27,455-$27,455
Current Officers, Directors, Trustees, and Key Employees-$20,000-$20,000
Other Expenses-$5,868-$5,868
Total Functional Expenses$779,238$123,592$0$902,830

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,175,823
Expenses Not Reported on Form 990$1,272,993
Expenses per Audited Statements$902,830
Total Expenses per Form 990$902,830
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
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
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
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 B, Line 11B

The organization's administrative team reviews form 990 prior to filing.

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

Compliance is reviewed annually.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents available upon request.

Filing and Contact Details

Filer

Filer Name
Drug Takeback Solutions Foundation
EIN
85-1666391
Phone
3367703550
Address
ONE WEST FOURTH STREET 500, WINSTONSALEM, NC 27101

Signing Officer

Name
Lee Smith
Title
Treasurer
Phone
3367703550
Signed
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chris Smith
Formed
2021
Legal Domicile
De
Voting Board Members
3
Independent Board Members
1
Employees
0
Volunteers
5

Preparer

Firm
Bernard Robinson & Company Llp
Address
PO BOX 19608, GREENSBORO, NC 27419-9608
Preparer
John M Robinson
Phone
3362944494
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

During 2022, the organization began conducting its primary program service, which is to provide pharmaceutical manufacturers with a system for the collection, shipping, and destruction of unwanted medications in compliance with state and local requirements.

Form 990, Part IX, Line 11G

Contracted services: program service expenses 779,238. Management and general expenses 0. Fundraising expenses 0. Total expenses 779,238.

Financial Statement Notes

PART X, LINE 2:

The foundation, a nonprofit organization, is a tax-exempt organization under internal revenue code section 501(c)(3). However, certain activities not directly related to the foundation's tax-exempt purpose could be subject to taxation as unrelated business income. The foundation believes it has appropriate support for any tax positions taken, and does not have any uncertain tax positions that are material to the financial statements.

Raw XML Appendix385 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DURING 2022, THE ORGANIZATION BEGAN CONDUCTING ITS PRIMARY PROGRAM SERVICE, WHICH IS TO PROVIDE PHARMACEUTICAL MANUFACTURERS WITH A SYSTEM FOR THE COLLECTION, SHIPPING, AND DESTRUCTION OF UNWANTED MEDICATIONS IN COMPLIANCE WITH STATE AND LOCAL REQUIREMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S ADMINISTRATIVE TEAM REVIEWS FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPLIANCE IS REVIEWED ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 779,238. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 779,238.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
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IRS990ScheduleR/AssetSaleToOtherOrgInd00
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
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IRS990ScheduleR/PaidEmployeesSharingInd00
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IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
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IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
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IRS990/TotalAssetsEOYAmt066569
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IRS990/TotalAssetsGrp/EOYAmt066569
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt015000
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0123592
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0779238
IRS990/TotalFunctionalExpensesGrp/TotalAmt0902830
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IRS990/TotalLiabilitiesEOYAmt0169097
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IRS990/TotalLiabilitiesGrp/EOYAmt0169097
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-13258
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-102528
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0779238
IRS990/TotalProgramServiceRevenueAmt0811671
IRS990/TotalReportableCompFromOrgAmt020000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0811693
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0826693
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt066569
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IRS990/WebsiteAddressTxt0WWW.TAKEBACKFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LEE SMITH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03367703550
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DRUG TAKEBACK SOLUTIONS FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0DRUG
ReturnHeader/Filer/EIN0851666391
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ReturnHeader/Filer/USAddress/AddressLine1Txt0ONE WEST FOURTH STREET 500
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027101
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0560571159
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BERNARD ROBINSON & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 19608
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GREENSBORO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0274199608
ReturnHeader/PreparerPersonGrp/PhoneNum03362944494
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN M ROBINSON
ReturnHeader/ReturnTs02023-11-15T08:14:12-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0LEE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SMITH
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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