Society Of St Vincent Depaul Council Of Louisville
- Assets
- $13.7m
- Revenue
- $9.9m
- Investments
- $19.2k
- Employees
- 154
- Location
- Louisville, KY
- Founding
- 05/2019
- Data as of
- 09/2023
- EIN
- 61-0727110
Organization Overview
Society Of St Vincent Depaul Council Of Louisville, operating under the name St Vincent De Paul Louisville, is located in Louisville, KY. The organization was established in 2019. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 09/2023, St Vincent DE Paul Louisville employed 154 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. St Vincent DE Paul Louisville 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 Louisville generated $9.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $8.9m during the year ending 09/2023. While expenses have increased by 4.3% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE HOUSE, FEED, AND SUPPORT THOSE IN NEED WITH COMPASSION AND DIGNITY.
Describe the Organization's Program Activity:
OZANAM INN - SEE SCHEDULE O
OPEN HAND KITCHEN -ST. VINCENT DE PAUL LOUISVILLE OPERATES A COMMUNITY KITCHEN THATPROVIDES NOURISHING MEALS FOR LUNCH AND DINNER AT NO CHARGE TO ANYONE IN NEED. THE OPEN HAND KITCHEN RELIES ON GENEROUS DONORS FOR FOOD AND ON VOLUNTEERS TO SERVE MEALS. AN AVERAGE OF OVER 10,115 MEALS WERE SERVED EVERY MONTH, 121,382 TOTAL DURING THE FISCAL YEAR ENDING SEPTEMBER 30, 2023.FOOD PANTRY -ST. VINCENT DE PAUL LOUISVILLE OPERATES A FOOD PANTRY THAT SERVES OUR CLIENTS AND RESIDENTS IN THE SURROUNDING ZIP CODE TWICE A WEEK. OUR VOLUNTEERS RUN A FOOD BANK THAT ALLOWS PEOPLE TO GET GROCERIES AT NO CHARGE. IN 2023, OUR FOOD PANTRY SERVED AN AVERAGE OF 605 HOUSEHOLDS EACH MONTH, 7,263 TOTAL. THIS HELPED PREVENT FOOD INSECURITY AMONG THE ELDERLY AND FAMILIES WITH YOUNG CHILDREN. THE FAMILY SUCCESS CENTER -OPERATED BY ST. VINCENT DE PAUL LOUISVILLE, THE FAMILY SUCCESS CENTER PROVIDES YEAR-ROUND EDUCATIONAL AND SOCIAL DEVELOPMENT OPPORTUNITIES FOR AT-RISK CHILDREN WHO LIVE ON OUR CAMPUS AND IN THE SURROUNDING SMOKETOWN AND SHELBY PARK NEIGHBORHOODS. IN 2023, 25 CHILDREN REGISTERED FOR AFTER SCHOOL PROGRAMMING. OF THOSE, 85% MAINTAINED OR IMPROVED THEIR GRADES. THE 2023 SUMMER PROGRAM SERVED 26 CHILDREN.
SUPPORTIVE HOUSING PROGRAMS - SEE SCHEDULE O.
ST. VINCENT DE PAUL THRIFT STORES - SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Neill Council President | Trustee | 3 | $0 |
James U Smith Chair | Trustee | 1 | $0 |
Jeannie Donovan Vice Chair | Trustee | 1 | $0 |
John Hanks Treasurer | Trustee | 2 | $0 |
Dick Scherrer Secretary | Trustee | 1 | $0 |
G Campbell Barnum Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,730,926 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,558,962 |
| Noncash contributions included in lines 1a–1f | $848,259 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,289,888 |
| Total Program Service Revenue | $1,594,453 |
| Investment income | $62,945 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $574,838 |
| Net Income from Fundraising Events | $242,607 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,873,073 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $121,230 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $80,769 |
| Compensation of current officers, directors, key employees. | $32,308 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,629,461 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $385,444 |
| Payroll taxes | $285,691 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,208 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,321 |
| Fees for services: Other | $269,054 |
| Advertising and promotion | $33,359 |
| Office expenses | $126,701 |
| Information technology | $11,717 |
| Royalties | $0 |
| Occupancy | $2,277,191 |
| Travel | $119,948 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19,068 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $225,477 |
| Insurance | $64,355 |
| All other expenses | $69,083 |
| Total functional expenses | $8,873,434 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $776,786 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $528,585 |
| Accounts receivable, net | $2,099,615 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $212,095 |
| Prepaid expenses and deferred charges | $139,352 |
| Net Land, buildings, and equipment | $3,026,340 |
| Investments—publicly traded securities | $2,273,217 |
| Investments—other securities | $19,151 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,666,349 |
| Total assets | $13,741,490 |
| Accounts payable and accrued expenses | $523,365 |
| 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 | $47,563 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,841,014 |
| Total liabilities | $2,411,942 |
| Net assets without donor restrictions | $6,897,604 |
| Net assets with donor restrictions | $4,431,944 |
| 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 | $13,741,490 |
Grants Awarded
Over the last fiscal year, Society Of St Vincent Depaul Council Of Louisville has awarded $11,189 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FAMILY & CHILDREN'S PLACE PURPOSE: HUD CONTINUUM OF CARE PROGRAM - SUPPORTIVE HOUSING. | $4,205 |
VOLUNTEERS OF AMERICA PURPOSE: HUD CONTINUUM OF CARE PROGRAM - SUPPORTIVE HOUSING. | $5,271 |
HOUSE OF RUTH PURPOSE: HUD CONTINUUM OF CARE PROGRAM - SUPPORTIVE HOUSING. | $1,713 |