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← SUPPORTING INITIATIVES TO REDISTRIBUTE UNUSED MEDICINE-SIRUM

Form 990 for tax year 2024

Filed by SUPPORTING INITIATIVES TO REDISTRIBUTE UNUSED MEDICINE-SIRUM.

Totals

Total revenue
$29,049,476
Total expenses
$32,354,215
Contributions and grants received
$27,976,997
Grants paid
$0
Program service revenue
$555,291
Investment income
$498,736
Other revenue
$18,452
Total assets, end of year
$18,780,055
Total liabilities, end of year
$1,257,467
Net assets or fund balances, end of year
$17,522,588
Program services expenses (Part IX)
$31,447,879
Management and general expenses
$745,172
Fundraising expenses
$161,164
Program service expenses (Part III)
$31,447,879

Program services were 97.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $27,976,997

  • 1g · Noncash contributions included above

    $24,075,188

  • 2a · Program service revenue: PROGRAM SERVICE INCOME

    total $555,291 · related or exempt $555,291

  • 3 · Investment income

    total $455,780 · excluded $455,780

  • 6a · Gross rents

    real property $18,452

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $18,452

  • 6d · Net rental income or loss

    total $18,452 · related or exempt $18,452

  • 7a · Gross sales of assets other than inventory

    securities $5,583,221

  • 7b · Less cost or other basis and sales expenses

    securities $5,540,265

  • 7c · Gain or loss

    securities $42,956

  • 7d · Net gain or loss

    total $42,956 · excluded $42,956

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $798,686 · program services $686,871 · management and general $87,855 · fundraising $23,960

  • 7 · Other salaries and wages

    total $3,486,103 · program services $2,998,049 · management and general $383,471 · fundraising $104,583

  • 8 · Pension plan contributions

    total $110,843 · program services $95,325 · management and general $12,193 · fundraising $3,325

  • 9 · Other employee benefits

    total $270,462 · program services $232,598 · management and general $29,751 · fundraising $8,113

  • 10 · Payroll taxes

    total $298,893 · program services $257,049 · management and general $32,878 · fundraising $8,966

  • 11b · Fees: legal

    total $24,000 · program services $24,000

  • 11c · Fees: accounting

    total $68,886 · management and general $68,886

  • 11f · Fees: investment management

    total $14,413 · management and general $14,413

  • 11g · Fees: other

    total $958 · program services $958

  • 12 · Advertising and promotion

    total $33,153 · program services $33,153

  • 13 · Office expenses

    total $366,617 · program services $356,267 · management and general $10,306 · fundraising $44

  • 14 · Information technology

    total $338,688 · program services $333,818 · management and general $970 · fundraising $3,900

  • 16 · Occupancy

    total $531,414 · program services $510,157 · management and general $15,943 · fundraising $5,314

  • 17 · Travel

    total $82,926 · program services $54,967 · management and general $25,000 · fundraising $2,959

  • 22 · Depreciation, depletion and amortization

    total $522,297 · program services $522,297

  • 23 · Insurance

    total $19,579 · program services $10,250 · management and general $9,329

  • 24a · Other expenses: PHARMACEUTICAL/MEDICINE

    total $23,152,443 · program services $23,152,443

  • 24b · Other expenses: LOGISTICS & WAREHOUSE

    total $1,116,114 · program services $1,116,114

  • 24c · Other expenses: POSTAGE AND DELIVERY

    total $1,035,136 · program services $1,035,136

  • 24d · Other expenses: HIRING AND HR

    total $82,604 · program services $28,427 · management and general $54,177

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,703,417 · end of year $2,847,248

  • 2 · Savings and temporary cash investments

    beginning of year $3,009,405 · end of year $1,895,662

  • 3 · Pledges and grants receivable

    end of year $283,503

  • 4 · Accounts receivable

    beginning of year $1,468,875 · end of year $906,172

  • 8 · Inventories for sale or use

    beginning of year $2,833,598 · end of year $2,889,337

  • 9 · Prepaid expenses and deferred charges

    beginning of year $60,886 · end of year $61,873

  • 10a · Land, buildings and equipment: cost or other basis

    $1,950,544

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,113,592

  • 10c · Land, buildings and equipment, net

    beginning of year $1,195,866 · end of year $836,952

  • 11 · Investments: publicly traded securities

    beginning of year $10,030,204 · end of year $8,299,530

  • 15 · Other assets

    beginning of year $1,054,426 · end of year $759,778

  • 17 · Accounts payable and accrued expenses

    beginning of year $590,547 · end of year $513,848

  • 25 · Other liabilities

    beginning of year $1,060,573 · end of year $743,619

  • 27 · Net assets without donor restrictions

    beginning of year $18,604,837 · end of year $16,056,256

  • 28 · Net assets with donor restrictions

    beginning of year $2,100,720 · end of year $1,466,332

Mission and programs · 2024

Mission

TO STANDARDIZE AND STREAMLINE MEDICAL DONATIONS TO COMMUNITIES IN NEED, ENSURING OPTIMAL CORRDINATION AND EFFICIENCY.

  • SIRUM USES TECHNOLOGY TO CONNECT SURPLUS MEDICINE FROM INSTITUTIONSLIKE COMMERCIAL PHARMACIES AND HEALTH FACILITIES WITH SAFETY-NETPROVIDERS LIKE FREE CLINICS AND CHARITABLE PHARMACIES TO BENEFIT ILLAND/OR NEEDED INDIVIDUALS. LIKE A MATCH.COM FOR MEDICINE, THEORGANIZATION CONNECTS MEDICINE DONORS WITH THESE SAFETY-NET PROVIDERSAND COORDINATES THIRD PARTY LOGISTICS LIKE ITEMIZED DRUG MANIFESTS,TRACKING AND SHIPPING. ACTIVITIES INCLUDE OPERATING NOT-FOR-PROFITPHARMACIES AND RETURNS PROCESSORS, WHICH ARE UTILIZED WHEN NEEDED ASTHIRD PARTY LOGISTICS PROVIDERS OFFERING WAREHOUSING AND DISTRIBUTIONSERVICES FOR DONATED MEDICINE GOING TO INDIVIDUALS IN NEED.

    Expenses $31,447,879 · Revenue $573,743

As filed on the 2024 return.

Listed in Part VII

  • Adam Kircher

    CO-FOUNDER

    Total calculated
    $266,635
    From this org
    $246,767
    From related orgs
    $0
    Other
    $19,868
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $246,767
    Bonus
    $0
    Other
    $0
    Deferred
    $10,000
    Nontaxable benefits
    $9,868
    Filer's total
    $266,635

  • Kiah Williams

    CO-FOUNDER

    Total calculated
    $266,635
    From this org
    $246,767
    From related orgs
    $0
    Other
    $19,868
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $246,767
    Bonus
    $0
    Other
    $0
    Deferred
    $10,000
    Nontaxable benefits
    $9,868
    Filer's total
    $266,635

  • George Wang

    CO-FOUNDER

    Total calculated
    $265,416
    From this org
    $253,108
    From related orgs
    $0
    Other
    $12,308
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $253,108
    Bonus
    $0
    Other
    $0
    Deferred
    $10,124
    Nontaxable benefits
    $2,184
    Filer's total
    $265,416

  • Michelle Branch

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rebecca Turner

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Geraldine Maro

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Andrew Ladd

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Benjamin Edward Brown

    ENGINEER #1

    Total calculated
    $207,553
    From this org
    $189,916
    From related orgs
    $0
    Other
    $17,637
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $189,916
    Bonus
    $0
    Other
    $0
    Deferred
    $7,962
    Nontaxable benefits
    $9,675
    Filer's total
    $207,553

  • Nathan Jovin

    FOUNDING ENGINEER

    Total calculated
    $218,005
    From this org
    $188,283
    From related orgs
    $0
    Other
    $29,722
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $188,283
    Bonus
    $0
    Other
    $0
    Deferred
    $7,028
    Nontaxable benefits
    $22,694
    Filer's total
    $218,005

  • Thomas Sweeting

    SENIOR ENGINEER

    Total calculated
    $183,710
    From this org
    $167,592
    From related orgs
    $0
    Other
    $16,118
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,592
    Bonus
    $0
    Other
    $0
    Deferred
    $6,705
    Nontaxable benefits
    $9,413
    Filer's total
    $183,710

  • Zachary Parmley

    SENIOR ENGINEER

    Total calculated
    $176,793
    From this org
    $163,921
    From related orgs
    $0
    Other
    $12,872
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,921
    Bonus
    $0
    Other
    $0
    Deferred
    $4,834
    Nontaxable benefits
    $8,038
    Filer's total
    $176,793

  • Fiona Santolucito

    CHIEF OF STAFF, OPERATIONS

    Total calculated
    $162,321
    From this org
    $147,385
    From related orgs
    $0
    Other
    $14,936
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,385
    Bonus
    $0
    Other
    $0
    Deferred
    $5,719
    Nontaxable benefits
    $9,217
    Filer's total
    $162,321

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CHARITABLE RETURNS

    RETURN PROCESSOR · GA · income $23,593,298 · assets $6,269,630

    Directly controlled by SIRUM

  • 120 GOOD PILL PHARMACY LLC

    PHARMACY · GA · income $10,000 · assets $12,597

    Directly controlled by SURPLUS RX

  • SURPLUS RX

    HOLDING COMPANY · CA · income $10,000 · assets $79,083

    Directly controlled by SIRUM

  • SIRUM US LLC

    US OPERATIONS · DE · income $1,406,510 · assets $637,530

    Directly controlled by SURPLUS RX

  • SIRUM CA LLC

    CALIFORNIA OPERATIONS · CA · income $426,710 · assets $338,668

    Directly controlled by SURPLUS RX

  • GOOD PILL PHARMACY LLC

    PHARMACY · GA · income $965,211 · assets $450,615

    Directly controlled by SURPLUS RX

  • RX REPOSITORY LLC

    RETURNS PROCESSOR · GA · income $2,500,000 · assets $172,285

    Directly controlled by SURPLUS RX

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202523219349327202

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