Overview
What is St Vincent De Paul Exchange Store Inc?
St. Vincent de Paul Exchange Store Inc is a nonprofit organization situated in Fall River, Massachusetts, specifically at 1799 Pleasant Street. Their primary mission is to serve the impoverished and needy individuals within the Fall River Diocese, as part of the larger Society of St. Vincent de Paul's mission. They accomplish this by operating a thrift store, making merchandise available at minimal or no cost to local residents. The organization's thrift store operation aims to help those in need while furthering the Society's mission to assist the less fortunate. The nonprofit employs 16 individuals to carry out its charitable work.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Stars)
St. Vincent De Paul Exchange Store Inc has earned a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. The organization scored 80%, reflecting a comprehensive evaluation based solely on accountability metrics. This rating highlights the nonprofit's effective management of its financial resources and commitment to transparency.
The organization demonstrates strong governance practices, with a fully independent board comprising 10 members. Notably, there are no issues related to material diversion of assets, and they maintain an effective conflict of interest policy. Additionally, the charity consistently documents board meeting minutes, showcasing a commitment to accountability.
On the financial side, St. Vincent De Paul Exchange Store Inc has a favorable liabilities-to-assets ratio of 18.05% and allocates 100% of its expenses to program activities. While the rating is commendable, potential donors may want to look deeper into the organization's operational aspects to ensure alignment with their charitable goals.
This AI summary has been generated from information found on Charity Navigator.
Is St Vincent De Paul Exchange Store Inc legitimate?
St Vincent De Paul Exchange Store Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Vincent De Paul Exchange Store Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $20,306
Professional Fundraising Fees: $0
Other Salaries and Wages: $48,704
For more financial information, click here
What is the mission statement of St Vincent De Paul Exchange Store Inc?
St. Vincent De Paul Exchange Store Inc operates a thrift shop, making merchandise available at little or no cost to individuals living within the Diocese of Fall River. This initiative serves to further the mission of the Society of St. Vincent de Paul, which is dedicated to aiding the poor and needy. Thousands of individuals in need have been assisted through this organization's efforts. The thrift store provides essential items at affordable prices, allowing those in financial distress to meet their basic needs. This operation is a testament to St. Vincent De Paul Exchange Store Inc's commitment to its community and the less fortunate.
Who is the CEO of St Vincent De Paul Exchange Store Inc?
Cynthia Michaud is the Treasurer of St Vincent De Paul Exchange Store Inc.
What is the revenue of St Vincent De Paul Exchange Store Inc?
St Vincent De Paul Exchange Store Inc's revenue in 2022 was $112,548.
Who are the executives of St Vincent De Paul Exchange Store Inc and what are their salaries?
The average compensation at St Vincent De Paul Exchange Store Inc during 2022 was $4,313. There are 16 employees at St Vincent De Paul Exchange Store Inc.
Here are 5 key members and their salaries:
- Compensation: $6,606
- Related: $0
- Other: $0
- Compensation: $960
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for St Vincent De Paul Exchange Store Inc?
St Vincent De Paul Exchange Store Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of St Vincent De Paul Exchange Store Inc
St. Vincent De Paul Exchange Store Inc operates a thrift store with the mission of making merchandise available at little or no cost to individuals living within the Diocese of Fall River. This initiative is a part of the Society of St. Vincent De Paul's larger mission to serve the poor and needy. By providing affordable merchandise, St. Vincent De Paul Exchange Store Inc aims to support and assist thousands of impoverished individuals within the Diocese of Fall River. The organization's thrift store serves as a vital resource for those in need, contributing to their overall well-being and quality of life.
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Impact
October, 2024
St. Vincent De Paul Exchange Store Inc significantly impacts the community by operating a thrift store that provides essential merchandise at little or no cost to individuals in the Diocese of Fall River. This initiative directly supports thousands of individuals who are poor and needy, helping to alleviate their economic struggles and enhance their quality of life. By ensuring access to affordable goods, the store fosters a sense of dignity and empowerment among its patrons, allowing them to meet their basic needs without financial strain. This commitment to serving the underserved demonstrates a profound dedication to community welfare and social support, making a meaningful difference in the lives of many within Fall River, MA.
This information is meant to be a general summary of St Vincent De Paul Exchange Store Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $112,548
- Gross Receipts: $112,548
Assets and Liabilities:
- Total Assets: $164,841
- Total Liabilities: $29,769
- Net Assets: $135,072
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MERCHANDISE
Revenue
$112,548
Organization Details
Founding Year
2003
Principal Officer
Cynthia Michaud
Main Address
1799 PLEASANT STREET, FALL RIVER, MA, 02723
NTEE Category
Code: P29 - Human services
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