Drug Takeback Solutions Foundation

Tax-deductible

Winston Salem, NC501(c)(3)Health CareEIN 85-1666391Revenue $3.1M in FY2024

On file with the IRS1 W 4th St Ste 500, 27101-3971 · Winston Salem, NCTax-exempt since Apr 2021Publicly supported — 509(a)(2)

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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.

501(c)(3) charity; gifts are tax-deductible.
57¢ of each $1 spent went to programs.
$20K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average deficit $1.1M a year · 74% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
57%
of spending
Worth a look: 57% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$20K
to officers and key staff · 0.4% of spending
Top officer’s pay lower than 99% of similar orgs
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$6.3M
333% of total assets
Concern: liabilities are 333% of assets; over 80%.
Pt X · Ln 26
Independent board members
1
of 3 voting members
Worth a look: 1 of 3 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.1M
+50% vs prior year
Spent
$4.7M
To programs
57%
Net assets
−$4.4M
By yearFY2020–FY2024
Revenue
$3.1M
FY2024▲ +50%
Tap a bar for its year
Revenue by fiscal year
FY2020$0
FY2021$24K
FY2022$827K
FY2023$2.1M
FY2024$3.1M
Expenses
$4.7M
FY2024>-0.01%
Tap a bar for its year
Expenses by fiscal year
FY2020$0
FY2021Not on file
FY2022$903K
FY2023$4.7M
FY2024$4.7M
Net assets
−$4.4M
FY2024▼ -58%
Tap a bar for its year
Net assets by fiscal year
FY2020$0
FY2021−$26K
FY2022−$103K
FY2023−$2.8M
FY2024−$4.4M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

57 cents of each dollar spent went to programs.

Program services 57% · $2.7M Management & general 43% · $2.0M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990; $20K paid to officers and key staff.

Part VII, Section A · reportable compensation
$10,000Pt VII · Sec A
Director
$10,000Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Robert Carter’s $10K as Director is at the 1st percentile of top reported officer pay among 3128 $1–10M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Robert Carter$10,000$10,000$10,000$10,000
Susan Jones$10,000$10,000$10,000—
Bill Satterwhite———$5,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports drug manufacturers in planning and operating drug take-back and stewardship programs.

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Provided by the organization

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1 program · $2.7M · in their own filed words · FY2024
01

The organization provides pharmaceutical manufacturers with a system for the collection, shipping, and destruction of unwanted medications in compliance with state and local requirements.

$2.7Mprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.1M
Ln 12
Fees for servicesLn 2g$2.8M
Gifts and grantsLn 1h$300K
Money outPt IX
$4.7M
Ln 25
Programscol B$2.7M
Managementcol C$2.0M
Owns and owesPt X
−$4.4M
net assets · Ln 32
Cash and savingsLn 1–2$180K
Total assetsLn 16$1.9M
LiabilitiesLn 26$6.3M
PeoplePt VI, VII
6
listed · VII A
PaidVII A2
Voting boardVI 1a3
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$300K
Fees for servicesLn 2g$2.8M
Total revenueLn 12$3.1M
Assets in detailPt X, end of year
CashLn 1$180K
Cash and savings togetherLn 1–2$180K
Total assetsLn 16$1.9M
LiabilitiesLn 26$6.3M
Net assetsLn 32−$4.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$82K$180K
Total assetsLn 16$463K$1.9M
LiabilitiesLn 26$3.2M$6.3M
Net assetsLn 32−$2.8M−$4.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$20K$20K
Legal feesLn 11b$723K$723K
Accounting feesLn 11c$612K$612K
Lobbying feesLn 11d$296K$296K
Other fees for servicesLn 11g$3.1M$2.7M$380K
Other expenses (24a–d)Ln 24$7K$1K$5K
Total functional expensesLn 25$4.7M$2.7M$2.0M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $3.1M$4.7M−$1.7M−$4.4M 990 PDF
FY2023 $2.1M$4.7M−$2.7M−$2.8M 990 PDF
FY2022 $827K$903K−$76K−$103K 990 PDF
FY2021 $24K−$26K 990 PDF
FY2020 $0$0$0$0 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $3,084,312 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $175,000$300,000
I-9 Program service revenuePrior year $1,880,249$2,784,312
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $2,055,249$3,084,312
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $20,000$20,000
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,718,024$4,717,777
I-18 Total expensesPrior year $4,738,024$4,737,777
I-19 Revenue less expensesPrior year −$2,682,775−$1,653,465
Part VI · Governance 1 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members1
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $3,084,312 across 4 lines filed
VIII-1d Related organizations$300,000
VIII-1h Total contributions, gifts and grants$300,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,784,312$2,784,312
VIII-12 Total revenueRelated to mission $2,784,312 · Unrelated business $0 · Excluded from tax $0$3,084,312
Part IX · Statement of functional expenses $4,737,777 across 6 lines filed
IX-5 Pay of current officers, directors and key staffManagement $20,000$20,000
IX-11b Legal feesManagement $722,644$722,644
IX-11c Accounting feesManagement $611,500$611,500
IX-11d Lobbying feesManagement $296,200$296,200
IX-11g Other fees for servicesPrograms $2,700,782 · Management $380,071$3,080,853
IX-24 Other expenses (24a–d)Programs $1,096 · Management $5,484$6,580
IX-25 Total functional expensesPrograms $2,701,878 · Management $2,035,899 · Fundraising $0$4,737,777
Part X · Balance sheet $1,886,055 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $82,135$179,904
X-4 Accounts receivableStart of year $376,458$1,699,442
X-9 Prepaid expenses and deferred chargesStart of year $4,663$6,709
X-16 Total assetsStart of year $463,256$1,886,055
X-17 Accounts payable and accrued expensesStart of year $3,248,559$6,274,956
X-26 Total liabilitiesStart of year $3,248,559$6,274,956
X-27 Net assets without donor restrictionsStart of year −$2,785,303−$4,388,901
X-32 Total net assets or fund balancesStart of year −$2,785,303−$4,388,901
X-33 Total liabilities and net assetsStart of year $463,256$1,886,055
Part XI · Reconciliation of net assets −$4,388,901 net assets at year end
XI-1 Total revenue$3,084,312
XI-2 Total expenses$4,737,777
XI-3 Revenue less expenses−$1,653,465
XI-4 Net assets at start of year−$2,785,303
XI-8 Prior period adjustments$49,867
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$4,388,901

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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