Society Of St Vincent De Paul Charitable Pharmacy Of North Texas
- Assets
- $5.6m
- Revenue
- $29.9m
- Investments
- $0.0
- Employees
- 10
- Location
- Dallas, TX
- Founding
- 04/2009
- Data as of
- 09/2023
- EIN
- 26-3273175
Organization Overview
Society Of St Vincent De Paul Charitable Pharmacy Of North Texas, operating under the name St Vincent de Paul Pharmacy, is located in Dallas, TX. The organization was established in 2009. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. As of 09/2023, St Vincent DE Paul Pharmacy employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Vincent DE Paul Pharmacy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, St Vincent DE Paul Pharmacy generated $29.9m in total revenue. All expenses for the organization totaled $30.3m during the year ending 09/2023. While expenses have increased by 101.2% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FREE HEALTH-SUSTAINING PRESCRIPTION MEDICATIONS TO LOWER-INCOME, UNINSURED TEXANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ST. VINCENT DE PAUL PHARMACY, WHICH OPENED IN 2018, IS THE FIRST FREE-STANDING PHARMACY IN THE STATE OF TEXAS THAT PROVIDES LIFESAVING MEDICATIONS TO THE UNINSURED FREE OF CHARGE. MANY RESIDENTS OF TEXAS CANNOT AFFORD THE NECESSARY PRESCRIPTION MEDICATIONS TO MAINTAIN THEIR CHRONIC, TREATABLE CONDITIONS LIKE DIABETES, ASTHMA AND HEART DISEASE. THE INABILITY TO SUSTAIN HEALTH AFFECTS THE ABILITY TO MAINTAIN STEADY EMPLOYMENT, CARE FOR FAMILY AND ESCAPE POVERTY. IT ALSO CONTRIBUTES TO INCREASED COSTS ACROSS THE HEALTH CARE SYSTEM AS UNREIMBURSED EMERGENCY SERVICES BECOME PRIMARY HEALTH CARE FOR THOSE WHO CANNOT AFFORD MEDICATION. WE EXIST TO SERVE THOSE WHO CANNOT AFFORD TO SUSTAIN THEIR HEALTH. THE PHARMACY PROVIDED 103,119 30-DAY EQUIVALENT PRESCRIPTIONS TO 3,863 UNIQUE PATIENTS FREE OF CHARGE WITH A TOTAL VALUE OF $29,328,159 (AVERAGE WHOLESALE PRICING VALUATION METHOD).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Luis Gonzalez Board Member | Trustee | 16 | $0 |
Sean Myers Board President | OfficerTrustee | 4 | $0 |
Henry Hermann Board Treasurer | OfficerTrustee | 2 | $0 |
Brian O'boyle Board Member | Trustee | 8 | $0 |
Joseph M Manogue Board Member | Trustee | 3 | $0 |
Tony Ruggeri Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $500 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $20,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,907,379 |
| Noncash contributions included in lines 1a–1f | $28,906,601 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,927,879 |
| Total Program Service Revenue | $9,829 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,937,708 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,250 |
| Grants and other assistance to domestic individuals. | $29,384,232 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $472,462 |
| Pension plan accruals and contributions | $7,511 |
| Other employee benefits | $60,131 |
| Payroll taxes | $35,959 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,301 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,835 |
| Advertising and promotion | $0 |
| Office expenses | $247,491 |
| Information technology | $32,267 |
| Royalties | $0 |
| Occupancy | $18,508 |
| Travel | $5,113 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,725 |
| Insurance | $14,625 |
| All other expenses | $0 |
| Total functional expenses | $30,343,410 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $522,993 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $93,001 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $24,099 |
| Inventories for sale or use | $4,644,841 |
| Prepaid expenses and deferred charges | $14,342 |
| Net Land, buildings, and equipment | $283,963 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $48,431 |
| Total assets | $5,631,670 |
| Accounts payable and accrued expenses | $65,415 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $29,481 |
| Total liabilities | $94,896 |
| Net assets without donor restrictions | $5,445,440 |
| Net assets with donor restrictions | $91,334 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,631,670 |
Grants Awarded
Over the last fiscal year, Society Of St Vincent De Paul Charitable Pharmacy Of North Texas has awarded $110,321 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SOCIETY OF ST VINCENT DE PAUL DIOCESAN COUNCIL OF DALLAS INC PURPOSE: Pharmacy shared services and solidarity dues. | $90,321 |
HOPE CLINIC OF GARLAND PURPOSE: SVDP/Hope Clinic of Garland Prescription Assistance and Collaborative Study | $20,000 |