Faith Community Pharmacy Inc
- Assets
- $2.2m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 8
- Location
- Newport, KY
- Founding
- 06/2002
- Data as of
- 06/2024
- EIN
- 61-1378914
Organization Overview
Faith Community Pharmacy Inc is located in Newport, KY. The organization was established in 2002. 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 06/2024, Faith Community Pharmacy Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faith Community Pharmacy Inc 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 06/2024, Faith Community Pharmacy Inc generated $5.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $4.6m during the year ending 06/2024. While expenses have increased by 2.7% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF FAITH COMMUNITY PHARMACY IS TO PROVIDE FREE MEDICATIONS FOR CHRONIC ILLNESSES TO PEOPLE IN OUR COMMUNITY WHO CANNOT AFFORD THEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PHARMACY COLLECTS AND DISPENSES DONATED AND PURCHASED MEDICATIONS. FROM JULY 1, 2023 TO JUNE 20, 2024, THE PHARMACY PROVIDED 934 PATIENTS WITH 21,897 THREE-MONT PRESCRIPTIONS VALUED AT $3,600,333.93.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Monday Board Chair (7/1 To 12/31/23) | OfficerTrustee | 1 | $0 |
Kelly Epplen Pharmd Vicechair(7/1-12/23)boardchair1/1-6/24 | OfficerTrustee | 1 | $0 |
Bridget Go Treas(7/1-12/23)vice Chair(1/1-6/24 | OfficerTrustee | 1 | $0 |
Kate Brandy Treasurer (1/1 To 6/30/2024) | OfficerTrustee | 1 | $0 |
Erin Proctor Secretary (7/1/23 To 6/30/24) | OfficerTrustee | 1 | $0 |
Gaby Batshoun Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $23,875 |
| Related organizations | $0 |
| Government grants | $172,583 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,449,613 |
| Noncash contributions included in lines 1a–1f | $4,947,726 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,646,071 |
| Total Program Service Revenue | $8,000 |
| Investment income | $1,717 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,012 |
| Net Income from Fundraising Events | $118,869 |
| Net Income from Gaming Activities | $7,290 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,782,665 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,600,334 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $93,730 |
| Compensation of current officers, directors, key employees. | $7,673 |
| Compensation to disqualified persons | $265,750 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $8,884 |
| Other employee benefits | $1,899 |
| Payroll taxes | $27,688 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,450 |
| Advertising and promotion | $0 |
| Office expenses | $12,937 |
| Information technology | $34,794 |
| Royalties | $0 |
| Occupancy | $36,191 |
| Travel | $45 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,254 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,884 |
| Insurance | $19,708 |
| All other expenses | $2,257 |
| Total functional expenses | $4,610,069 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,615 |
| Savings and temporary cash investments | $222,964 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,280,762 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $41,242 |
| Investments—publicly traded securities | $571,353 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,672 |
| Total assets | $2,193,608 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $45,587 |
| 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 | $12,449 |
| Total liabilities | $58,036 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $2,135,572 |
| Total liabilities and net assets/fund balances | $2,193,608 |