Nonprofit · EIN 42-1518875
IOWA PRESCRIPTION DRUG CORPORATION
Tax-exempt · GRIMES, IA 50111
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $28,994,750 | $22,637,975 | $6,356,775 | $23,971,294 | $707,608 | $23,263,686 |
| June 30, 2024 | 990 | $22,151,434 | $23,466,464 | -$1,315,030 | $17,490,642 | $603,175 | $16,887,467 |
| June 30, 2023 | 990 | $32,358,393 | $25,103,896 | $7,254,497 | $18,834,855 | $632,356 | $18,202,499 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $28,945,516
- of which government grants
- $672,470
- Program service revenue
- $36,322
- Investment income
- $12,912
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $207,775
- Other salaries and wages
- $452,800
- Salaries, compensation and benefits (total)
- $779,352
- Professional fundraising fees
- $0
- Legal fees
- $232
- Accounting fees
- $40,884
- Occupancy
- $100,721
- Travel
- $94
- Depreciation
- $91,730
- Program services (functional)
- $22,441,284
- Management and general (functional)
- $196,691
Balance sheet and other
- Total assets, start of year
- $17,490,642
- Total assets, end of year
- $23,971,294
- Total liabilities, end of year
- $707,608
- Net assets, end of year
- $23,263,686
- Land, buildings and equipment
- $175,066
- Net assets without donor restrictions
- $23,263,686
- Gross receipts
- $28,994,750
- Employees
- 15
- Volunteers
- 49
- Year formed
- 2001
- State of legal domicile
- IA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JON ROSMANN | CEO Officer | 40 | $207,775 |
| STEVE MULLENIX | PRESIDENT Trustee or director, Officer | 1.5 | $0 |
| M CHRISTINE NEWELL | VICE-PRESIDE Trustee or director, Officer | 1.5 | $0 |
| RAYMOND MEISTER | TREASURER Trustee or director, Officer | 1.5 | $0 |
| GARY GOODHALL | SECRETARY Trustee or director, Officer | 1.5 | $0 |
| RENAE CHESNUT | BOARD MEMBER Trustee or director | 1 | $0 |
| DENNIS FOLDEN | BOARD MEMBER Trustee or director | 1 | $0 |
| MAUREEN KEEHNLE | BOARD MEMBER Trustee or director | 1 | $0 |
| EDWIN MCINTOSH | BOARD MEMBER Trustee or director | 1 | $0 |
| SID RAMSEY | BOARD MEMEBR Trustee or director | 1 | $0 |
| JOSHUA REHMANN | BOARD MEMBER Trustee or director | 1 | $0 |
| JENNIFER PIELSTICKER STEGER | BOARD MEMEBR Trustee or director | 1 | $0 |
| FARAH TOWFIC | BOARD MEMEBR Trustee or director | 1 | $0 |
| BRAD TROM | BOARD MEMEBR Trustee or director | 1 | $0 |
| CHAD WORZ | BOARD MEMEBR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JON ROSMANN | CEO Officer | 40 | $164,470 |
| BERNARD SOROFMAN | PRESIDENT Trustee or director, Officer | 1.5 | $0 |
| M CHRISTINE NEWELL | VICE-PRESIDE Trustee or director, Officer | 1.5 | $0 |
| RAYMOND MEISTER | TREASURER Trustee or director, Officer | 1.5 | $0 |
| GARY GOODHALL | SECRETARY Trustee or director, Officer | 1.5 | $0 |
| RENAE CHESNUT | BOARD MEMBER Trustee or director | 1 | $0 |
| DENNIS FOLDEN | BOARD MEMBER Trustee or director | 1 | $0 |
| MAUREEN KEEHNLE | BOARD MEMBER Trustee or director | 1 | $0 |
| EDWIN MCINTOSH | BOARD MEMBER Trustee or director | 1 | $0 |
| STEVE MULLENIX | BOARD MEMBER Trustee or director | 1 | $0 |
| SID RAMSEY | BOARD MEMEBR Trustee or director | 1 | $0 |
| JOSHUA REHMANN | BOARD MEMBER Trustee or director | 1 | $0 |
| JENNIFER PIELSTICKER STEGER | BOARD MEMEBR Trustee or director | 1 | $0 |
| FARAH TOWFIC | BOARD MEMEBR Trustee or director | 1 | $0 |
| CHAD WORZ | BOARD MEMEBR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JON ROSMANN | CEO Officer | 40 | $159,302 |
| BERNARD SOROFMAN | PRESIDENT Trustee or director, Officer | 1.5 | $0 |
| M CHRISTINE NEWELL | VICE-PRESIDE Trustee or director, Officer | 1.5 | $0 |
| RAYMOND MEISTER | TREASURER Trustee or director, Officer | 1.5 | $0 |
| GARY GOODHALL | SECRETARY Trustee or director, Officer | 1.5 | $0 |
| RENAE CHESNUT | BOARD MEMBER Trustee or director | 1 | $0 |
| MAUREEN KEEHNLE | BOARD MEMBER Trustee or director | 1 | $0 |
| EDWIN MCINTOSH | BOARD MEMBER Trustee or director | 1 | $0 |
| STEVE MULLENIX | BOARD MEMBER Trustee or director | 1 | $0 |
| SID RAMSEY | BOARD MEMEBR Trustee or director | 1 | $0 |
| JOSHUA REHMANN | BOARD MEMBER Trustee or director | 1 | $0 |
| JENNIFER PIELSTICKER STEGER | BOARD MEMEBR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1500 SE 19TH ST STE 530, GRIMES, IA 50111-5282
- In care of
- % CAROL KUHLE
- Principal officer (990 for 2024)
- JON ROSMANN, 1500 SE 19TH ST STE 530, GRIMES, IA 50111
- Signed the 990
- JON ROSMANN, CEO
- Phone
- (515) 327-5405
- Website
- WWW.SAFENETRX.ORG
- Return prepared by
- COMMUNITY CPA & ASSOCIATES INC
Mission
TO SERVE THE PRESCRIPTION NEEDS OF MEDICALLY UNDERSERVED POPULATIONS THROUGH RESPONSIBLE COLLECTION AND DISTRIBUTION OF DONATED MEDICINES.
Program accomplishments
- DRUG DONATION REPOSITORY - THE PURPOSE OF THIS PROGRAM IS TO COLLECT UNUSED PRESCRIPTION MEDICATIONS THAT ACCUMULATE IN LONG-TERM CARE AND OTHER MEDICAL SETTINGS. THE UNUSED PRESCRIPTION MEDICATIONS ARE DONATED TO SAFENETRX, INSPECTED BY PHARMACISTS, AND DISTRIBUTED TO CLINICS AND PHARMACIES THAT CARE FOR UNINSURED AND UNDERINSURED PATIENTS THAT CANNOT AFFORD NEEDED DRUG THERAPIES.Expenses $22,279,071
- CHARITABLE PHARMACY - THE PURPOSE OF THIS PROGRAM IS TO PROVIDE PHARMACY SERVICES TO UNDERSERVED PATIENTS THAT CANNOT AFFORD NEEDED DRUG THERAPIES. THE CHARITABLE PHARMACY FILLS PRESCRIPTIONS FROM AN INVENTORY OF DONATED MEDICINE RECEIVED FROM THE DRUG DONATION REPOSITORY.Expenses $162,213
- TO OPERATE A PRESCRIPTION DRUG PROGRAM TO REDUCE EXPENDITURES FOR PRESCRIPTION MEDICATION FOR IOWA'S UNINSURED AND UNDERINSURED RESIDENTS
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 42-1518875
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2003
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E80)
- Assets (IRS master file)
- $23,971,294
- Income (IRS master file)
- $28,994,750
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $28,994,750 | $22,637,975 | $23,971,294 | IRS |
| 990 | June 2024 | $22,151,434 | $23,466,464 | $17,490,642 | IRS |
| 990 | June 2023 | $32,358,393 | $25,103,896 | $18,834,855 | XML |
| 990 | June 2022 | $21,000,324 | $11,045,369 | $11,563,558 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 42-1518875).
Questions about IOWA PRESCRIPTION DRUG CORPORATION
- What is the EIN of IOWA PRESCRIPTION DRUG CORPORATION?
- The employer identification number (EIN) of IOWA PRESCRIPTION DRUG CORPORATION is 42-1518875.
- Is IOWA PRESCRIPTION DRUG CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to IOWA PRESCRIPTION DRUG CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IOWA PRESCRIPTION DRUG CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of IOWA PRESCRIPTION DRUG CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IOWA PRESCRIPTION DRUG CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of IOWA PRESCRIPTION DRUG CORPORATION?
- The 990 for the year ended June 30, 2025 names JON ROSMANN.
- Who are the officers and directors of IOWA PRESCRIPTION DRUG CORPORATION?
- The 990 for the year ended June 30, 2025 lists 15 people; 1 received compensation from the organization, the highest $207,775 (JON ROSMANN, CEO).
- How much revenue does IOWA PRESCRIPTION DRUG CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $28,994,750, expenses of $22,637,975 and total assets of $23,971,294 at year end.
Other nonprofits in GRIMES
- INFORMED CHOICE IOWA FREEDOM NETWORK EIN 85-3722660 · last filed 990-N for 2025
- IOWA SPECIAL OLYMPICS INC EIN 51-0176029 · last filed 990 for 2025
- ASSOCIATED BUILDERS & CONTRACTORS OF IOWA EIN 42-1029016 · last filed 990 for 2025
- ASSOCIATED BUILDERS & CONTRACTORS OF IOWA TRUST EIN 42-6339442 · last filed 990 for 2025
- DES MOINES YOUTH HOCKEY ASSOCIATION INC EIN 72-1571027 · last filed 990 for 2025
- STUDIO ARTS COLLEGE INTERNATIONAL INC EIN 42-1073614 · last filed 990 for 2025
- KID STATION AT HERITAGE EIN 82-1583920 · last filed 990 for 2025
- GRIMES AREA CHAMBER OF COMMERCE EIN 42-1445531 · last filed 990 for 2025