Overview
What is Beacon Charitable Pharmacy Inc?
Beacon Charitable Pharmacy Inc, situated in Canton, Ohio, is a compassionate nonprofit organization dedicated to assisting low-income residents of Stark County in obtaining necessary prescription medication. In 2022, the pharmacy dispensed over 24,000 prescriptions to approximately 5,000 individuals, totaling an estimated value of $4.2 million. The organization's mission encompasses two main aspects: firstly, providing continuous access to pharmaceuticals and related educational resources through the Beacon Charitable Pharmacy, and secondly, collaborating with healthcare providers and community organizations to optimize resources and deliver efficient services. By doing so, the organization ensures that clients receive their medications on a yearly basis, as long as they continue to qualify for the program. In addition, the organization advocates, educates, and works tirelessly to secure funding and services that cater to the medication requirements of the community.
Official website here: www.beaconpharmacy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78% - Three-Star out of Four Star Rating
Beacon Charitable Pharmacy Inc has achieved a Three-Star rating from Charity Navigator, indicating a fair level of accountability and financial health. The organization scores particularly well in areas such as board independence, conflict of interest policies, and documentation of board meeting minutes, showcasing a commitment to governance and transparency.
However, while the charity excels in many financial metrics, it faces challenges in fundraising efficiency, receiving a notably low score in this category. This could suggest that the organization may need to enhance its fundraising strategies to ensure sustainability and growth. Additionally, the working capital ratio is relatively low, indicating potential liquidity issues that could impact its operations.
Overall, while the charity demonstrates strong governance practices and effective management of its assets, it may need to focus on improving its fundraising efforts to enhance its financial stability in the long run.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Beacon Charitable Pharmacy Inc?
100% of 7 reviewers on Facebook recommend this charity. Here is a summary of their reviews:
The support provided by Beacon Charitable Pharmacy Inc has been described as life-changing, particularly for individuals struggling with economic challenges. Reviewers express gratitude for the assistance received, highlighting the impact of the pharmacy's services on their health and well-being.
Many emphasize the importance of education and advocacy in navigating the healthcare system, indicating that the nonprofit delivers on its promises to assist their clients. Overall, the sentiment is highly positive, with participants feeling empowered and supported in their healthcare journey.
This AI summary has been generated from reviews found on Facebook.
Is Beacon Charitable Pharmacy Inc legitimate?
Beacon Charitable Pharmacy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beacon Charitable Pharmacy 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: $206,449
Professional Fundraising Fees: $0
Other Salaries and Wages: $211,634
For more financial information, click here
Official website here: www.beaconpharmacy.org
What is the mission statement of Beacon Charitable Pharmacy Inc?
Beacon Charitable Pharmacy Inc's mission is centered around serving the most vulnerable populations by providing them with access to essential pharmaceuticals and relevant education. They achieve this through their Beacon Charitable Pharmacy, which operates on a yearly renewal basis for eligible clients. Additionally, the organization collaborates with various healthcare providers and community organizations to optimize resources and deliver efficient services. Their objective is to advocate, educate, and cultivate funding to cater to the medication needs of their community.
Official website here: www.beaconpharmacy.org
Who is the CEO of Beacon Charitable Pharmacy Inc?
Latrice Snodgrass is the Director of Beacon Charitable Pharmacy Inc.
Official website here: www.beaconpharmacy.org
What is the revenue of Beacon Charitable Pharmacy Inc?
Beacon Charitable Pharmacy Inc's revenue in 2022 was $4,854,004.
Official website here: www.beaconpharmacy.org
Who are the executives of Beacon Charitable Pharmacy Inc and what are their salaries?
The average compensation at Beacon Charitable Pharmacy Inc during 2022 was $29,863. There are 14 employees and 50 volunteers at Beacon Charitable Pharmacy Inc.
Here are 17 key members and their salaries:
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Official website here: www.beaconpharmacy.org
Where can I find the form 990 for Beacon Charitable Pharmacy Inc?
Beacon Charitable Pharmacy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.beaconpharmacy.org
Learn more at the official website: www.beaconpharmacy.org
Mission Statement of Beacon Charitable Pharmacy Inc
Beacon Charitable Pharmacy Inc is dedicated to ensuring that the most vulnerable populations have access to essential pharmaceuticals and education. The organization achieves this goal by operating the Beacon Charitable Pharmacy, which provides continuous medication supplies for a year, renewable based on eligibility. Beyond providing pharmaceuticals, Beacon Charitable Pharmacy Inc also collaborates with other healthcare providers and community organizations to optimize resources and deliver efficient services. This collaboration aims to enhance the effectiveness of the services offered, ultimately serving the medication needs of the community at large. Furthermore, the organization actively advocates, educates, and works to secure funding to sustain its mission and serve the medication requirements of the community.
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Impact
August, 2024
Beacon Charitable Pharmacy Inc's impact is profound in providing crucial access to pharmaceuticals and education for the most vulnerable populations in Stark County. Through their Beacon Charitable Pharmacy, they dispensed 24,309 prescription medications for 4,986 individual patient visits in 2022, with a total value exceeding $4.2 million. This direct assistance helps low-income residents obtain essential prescription medication, ensuring they can manage their health effectively. By collaborating with healthcare providers and community organizations, Beacon Charitable Pharmacy maximizes resources to offer efficient and effective services to those in need. Their advocacy, education, and dedication to securing services and funding play a vital role in addressing medication needs within the community, making a significant impact on the well-being of individuals in Stark County.
This information is meant to be a general summary of Beacon Charitable Pharmacy 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.
- Investment Income: $12,119
- Program Service Revenue: $118,943
- Gross Receipts: $4,854,004
Assets and Liabilities:
- Total Assets: $759,122
- Total Liabilities: $38,150
- Net Assets: $720,972
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Client fees
Revenue
$118,943
Organization Details
Founding Year
2006
Phone
(330) 445-1086Principal Officer
Latrice Snodgrass
Main Address
408 9th St SW 1450, Canton, OH, 447074714
Website
www.beaconpharmacy.orgNTEE Category
Code: E60 - Health
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