Pharmacy Of Grace Inc
- Assets
- $805.6k
- Revenue
- $745.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Kansas City, KS
- Founding
- 02/2019
- Data as of
- 12/2022
- EIN
- 82-5372375
Organization Overview
Pharmacy Of Grace Inc is located in Kansas City, KS. The organization was established in 2019. As of 12/2022, Pharmacy Of Grace Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pharmacy Of Grace 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 12/2022, Pharmacy Of Grace Inc generated $745.0k in total revenue. All expenses for the organization totaled $386.3k during the year ending 12/2022. While expenses have increased by 142.8% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
(1) THE PURPOSE OF PHARMACY OF GRACE, INC. IS TO BREAK THE CYCLE OF HOMELESSNESS, POVERTY, SCHOOL ABSENTEE DAYS, AND UNEMPLOYMENT CAUSED BY UNMANAGED MEDICAL CONDITIONS. MANY CHRONIC MEDICAL CONDITIONS (SUCH AS HYPERTENSION, DIABETES, CONGESTIVE HEART FAILURE, ASTHMA, COPD, BI-POLAR, AND MIGRAINES) OFTEN GO UNMANAGED, WHICH EVENTUALLY CAN CAUSE PEOPLE TO SEEK COSTLY MEDICAL CARE AND POSSIBLE EMERGENCY HOSPITALIZATION. (2) THE MISSION OF PHARMACY OF GRACE IS TO IMPROVE ACCESS TO PRESCRIPTION MEDICATION FOR UNINSURED AND UNDERINSURED INDIVIDUALS AND TO INCREASE THE NUMBER OF PRESCRIPTION MEDICATIONS, MANY TIMES AT NO COST, AVAILABLE TO VULNERABLE POPULATIONS IN KANSAS. (3) OUR VISION IS FOR ALL PEOPLE, REGARDLESS OF AGE, RACE, NATIONAL ORIGIN, ETHNICITY, GENDER, RELIGION, DISABILITY OR SEXUAL ORIENTATION, TO HAVE AFFORDABLE AND SUSTAINABLE ACCESS TO PRESCRIPTION MEDICATIONS AND PHARMACY SERVICES THAT OPTIMIZE HEALTH IN OUR COMMUNITY. MOST OF ALL, WE WILL PROVIDE HOPE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF PHARMACY OF GRACE (POG) IS TO IMPROVE ACCESS TO PRESCRIPTION DRUGS FOR UNINSURED AND UNDERINSURED INDIVIDUALS AND TO INCREASE THE NUMBER OF PRESCRIPTION DRUGS AVAILABLE TO VULNERABLE POPULATIONS IN KANSAS. THIS IMPROVED ACCESS WILL HELP PHARMACY OF GRACE BREAK THE CYCLE OF HOMELESSNESS, POVERTY, SCHOOL ABSENTEE DAYS, AND UNEMPLOYMENT CAUSED BY UNMANAGED MEDICAL CONDITIONS. IN 2022, PHARMACY OF GRACE HELD ITS GRAND OPENING OF THE NEWLY RENOVATED SPACE LOCATED IN THE MERCY & TRUTH MEDICAL BUILDING. POG HIRED A PHARMACIST IN CHARGE, PHARMACY STAFF, AND BEGAN OPERATIONS ON JULY 18TH, 2022. BY THE END OF 2022, POG FULFILLED 932 PRESCRIPTIONS TO 217 PATIENTS THAT WERE 300% BELOW POVERTY LEVEL AS WELL AS 166 PRESCRIPTIONS TO 54 PATIENTS THAT WERE ABOVE 300% OF THE POVERTY LEVEL. PHARMACY OF GRACE SERVE ALL PEOPLE, REGARDLESS OF AGE, RACE, NATIONAL ORIGIN, ETHNICITY GENDER, RELIGION, DISABILITY OR SEXUAL ORIENTATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Fink Pharmacist In Charge | Officer | 40 | $158,635 |
John Yost Board Chair | OfficerTrustee | 40 | $0 |
Elizabeth Sutherlin Treasurer | OfficerTrustee | 40 | $0 |
Sara Yost Secretary | OfficerTrustee | 5 | $0 |
Michael Dunaway Director | Trustee | 5 | $0 |
Troy Ross Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $69,814 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $686,251 |
| Noncash contributions included in lines 1a–1f | $57,314 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $756,065 |
| Total Program Service Revenue | $1,500 |
| Investment income | $10 |
| 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 | -$12,569 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $745,006 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $206,840 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,954 |
| Payroll taxes | $15,609 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,439 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $348 |
| Advertising and promotion | $9,388 |
| Office expenses | $29,333 |
| Information technology | $5,390 |
| Royalties | $0 |
| Occupancy | $47,258 |
| Travel | $222 |
| 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 | $12,240 |
| Insurance | $4,406 |
| All other expenses | $0 |
| Total functional expenses | $386,307 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $210,386 |
| Savings and temporary cash investments | $9,610 |
| Pledges and grants receivable | $63,595 |
| Accounts receivable, net | $4,172 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,483 |
| Prepaid expenses and deferred charges | $11,057 |
| Net Land, buildings, and equipment | $305,538 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $181,795 |
| Total assets | $805,636 |
| Accounts payable and accrued expenses | $3,132 |
| 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 | $201,593 |
| Total liabilities | $204,725 |
| Net assets without donor restrictions | $502,323 |
| Net assets with donor restrictions | $98,588 |
| 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 | $805,636 |