Iowa Prescription Drug Corporation
Also known as Safenetrx
Iowa Prescription Drug Corporation reported $29.0 million in revenue and $22.6 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $99.13 went to program services, $0.87 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 99.8% of the total. The highest compensation it reported for one person was $207,775 (CEO). 1 person received more than $100,000 in reportable compensation. Revenue rose 234% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $23MFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $29MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 99.1% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 0.9% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 99.8% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 2.3% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.1% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $207,775 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.92% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 1 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 12.3 | 6.6 |
| Independent voting board members Part VI 1a–1b | 14 of 14 | 88.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseDrug 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
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
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here1 people received more than $100,000 in reportable compensation from Iowa Prescription Drug Corporation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $208K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b14 · 14 independent
- Audited financial statements Part XII 2bNo
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 515
- Volunteers Part I, line 649
Private foundation grants it received
1 private foundation reported grants to Iowa Prescription Drug Corporation totaling $131 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Iowa Prescription Drug Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Iowa Prescription Drug Corporation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Iowa Prescription Drug Corporation spent in FY2025, $99.13 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Barnesville Hospital AssociationBarnesville, OH · revenue $29M · programs 81.3% · 2024
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- Promedica Physician GroupToledo, OH · revenue $29M · programs 0.8% · 2024
- Supporting Initiatives to Redistribute Unused Medicine - SirumPalo Alto, CA · revenue $29M · programs 97.2% · 2024
- Central California Blood CenterFresno, CA · revenue $29M · programs 84.2% · FY2025
Questions people ask
How much of Iowa Prescription Drug Corporation's spending goes to programs?
In the fiscal year ending June 30, 2025, Iowa Prescription Drug Corporation reported that 99.1% of its $22.6 million in expenses went to program services, 0.9% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Iowa Prescription Drug Corporation pay its top executive?
The largest total compensation Iowa Prescription Drug Corporation reported for one person in the fiscal year ending June 30, 2025 was $207,775, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Iowa Prescription Drug Corporation get its money?
Of $29.0 million in revenue in the fiscal year ending June 30, 2025, 99.8% came from contributions and grants (including 2.3% from government grants) and 0.1% from program service revenue (Form 990, Part VIII).
Is Iowa Prescription Drug Corporation a registered charity?
The IRS lists EIN 42-1518875 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202601339349308715 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202521359349315132 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202401369349316830 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331359349319813 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231369349317528 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202131379349311398 · read the filing
All filings for EIN 42-1518875: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.