Mission
TO SERVE THE PRESCRIPTION NEEDS OF MEDICALLY UNDERSERVED POPULATIONS THROUGH RESPONSIBLE COLLECTION AND DISTRIBUTION OF DONATED MEDICINES.
Public Charity
IOWA PRESCRIPTION DRUG CORPORATION
IOWA PRESCRIPTION DRUG CORPORATION is a Public Charity headquartered in GRIMES, IA. Financial data from the 2025 filing: $29.0M revenue, $22.6M expenses, $24.0M total assets. 21 publicly reported grants to this organization, totaling roughly $489K, appear in IRS filings.
EIN: 421518875
GRIMES, IA
Health (General & Financing)
NTEE: E80
Latest filing: 2025
Total Revenue$29.0M
Total Expenses$22.6M
Total Assets$24.0M
Grant Records21
Funding Total$489K
Filing Years2021–2025
Where $100 goes at Iowa Prescription Drug Corporation
How Iowa Prescription Drug Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.
$99
Programs
the work itself
$1
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $99 for programs
$97
Drug donation repository
$1
Charitable pharmacy
$1
To operate a prescription drug program to reduce expenditures for prescription medication for iowa's uninsured and underinsured residents
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
SUPPORT A CERTIFIED PHARMACY TECHNICIAN TO STAFF THE DRUG DONATION REPOSITORY AND CHARITABLE PHARMACY IN ORDER TO PREPARE DONATED MEDICINE FOR STATEWIDE DISTRIBUTION.
$50,000
SAFENETRX - WHERE DONATED MEDICINE CHANGES LIVES
$10,000
PROGRAM SUPPORT
$10,000
MEDICATION DONATION PROGRAM
$9,786
SAFETY NET
$409,423
Showing up to 5 of 21 total records — full history available with membership.
Officers & Directors
BOARD MEMEBR
Brad Trom
BOARD MEMEBR
Chad Worz
BOARD MEMBER
Dennis Folden
BOARD MEMBER
Edwin Mcintosh
BOARD MEMEBR
Farah Towfic
SECRETARY
Gary Goodhall
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $29.0M | $22.6M | $24.0M |
| 2024 | $22.2M | $23.5M | $17.5M |
| 2023 | $32.4M | $25.1M | $18.8M |
| 2022 | $21.0M | $11.0M | $11.6M |
| 2021 | $8.9M | $8.9M | $1.3M |
Between 2021 and 2025, reported annual revenue grew from $8.9M to $29.0M (+225%), with total assets most recently reported at $24.0M.
Interactive year-over-year charts and full filing details available with membership.