Overview
What is Society Of St Vincent De Paul Charitable Pharmacy Of North Texas?
The Society of St. Vincent de Paul Charitable Pharmacy of North Texas, also known as St. Vincent de Paul Pharmacy, is a compassionate nonprofit organization based in Dallas, Texas. Established in 2018, it operates as a free-standing pharmacy that offers lifesaving medications to uninsured residents of the state, free of charge. With a team of eight dedicated employees, this pharmacy is the first of its kind in Texas and plays a crucial role in providing essential prescriptions to those in need. These medications, primarily used to manage chronic conditions like diabetes, asthma, and heart disease, enable individuals to maintain their health and improve their overall quality of life. By providing these essential medications, the organization helps bridge the gap for those who cannot afford them, ultimately reducing the burden on the healthcare system and contributing to better long-term health outcomes.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Star rating)
The Society Of St Vincent De Paul Charitable Pharmacy Of North Texas has received a commendable Four-Star rating from Charity Navigator, indicating strong performance in accountability and finance. The overall score of 95% reflects a high level of transparency and effective financial management. This rating is particularly significant as it highlights the organization's commitment to responsible stewardship of resources.
The nonprofit excels in several key areas, including having a fully independent board and a solid financial oversight structure. It has demonstrated excellent program expense efficiency, with 99.54% of its expenses directed towards programs, showcasing a focus on delivering services rather than on administrative costs. Additionally, the organization has no reported material diversion of assets, and it maintains robust policies regarding conflict of interest and whistleblower protections.
However, there is a noted limitation in fundraising efficiency, where the organization scores low with a ratio of $0.002. This suggests that while the organization is effective in its program delivery, there may be areas for improvement in how it raises funds. Overall, the Society of St Vincent De Paul Charitable Pharmacy is recognized for its strong governance and financial health, but it may benefit from a reevaluation of its fundraising strategies.
This AI summary has been generated from information found on Charity Navigator.
Is Society Of St Vincent De Paul Charitable Pharmacy Of North Texas legitimate?
Society Of St Vincent De Paul Charitable Pharmacy Of North Texas is a legitimate nonprofit organization registered as a 501(c)(3) entity. Society Of St Vincent De Paul Charitable Pharmacy Of North Texas 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $405,087
For more financial information, click here
What is the mission statement of Society Of St Vincent De Paul Charitable Pharmacy Of North Texas?
The Society of St. Vincent de Paul Charitable Pharmacy of North Texas strives to make a significant difference in the lives of lower-income, uninsured Texans by offering free health-sustaining prescription medications. This mission aims to help individuals maintain their chronic conditions, such as diabetes, asthma, and heart disease, allowing them to stabilize their employment, care for their families, and avoid falling deeper into poverty. By providing access to essential medications, the Pharmacy reduces the need for costly emergency services and contributes to a more sustainable healthcare system. In the year 2018 alone, the Pharmacy distributed over 80,500 prescriptions, totaling a remarkable value of $23,515,278, transforming the lives of those in need.
Who is the CEO of Society Of St Vincent De Paul Charitable Pharmacy Of North Texas?
Luis Gonzalez is the Board Member of Society Of St Vincent De Paul Charitable Pharmacy Of North Texas.
What is the revenue of Society Of St Vincent De Paul Charitable Pharmacy Of North Texas?
Society Of St Vincent De Paul Charitable Pharmacy Of North Texas's revenue in 2022 was $28,448,878.
Who are the executives of Society Of St Vincent De Paul Charitable Pharmacy Of North Texas and what are their salaries?
The average compensation at Society Of St Vincent De Paul Charitable Pharmacy Of North Texas during 2022 was $50,636. There are 8 employees and 14 volunteers at Society Of St Vincent De Paul Charitable Pharmacy Of North Texas.
Here are 10 key members and their salaries:
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- Related: $128,857
- Other: $13,724
- Compensation: $0
- Related: $14,280
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Society Of St Vincent De Paul Charitable Pharmacy Of North Texas?
Society Of St Vincent De Paul Charitable Pharmacy Of North Texas's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Society Of St Vincent De Paul Charitable Pharmacy Of North Texas
The Society of St. Vincent de Paul Charitable Pharmacy of North Texas is a mission-driven organization that strives to make a significant impact on the lives of lower-income, uninsured Texans by providing them with free health-sustaining prescription medications. This crucial initiative aims to ensure that individuals who cannot afford essential medications continue to manage their chronic conditions, such as diabetes, asthma, and heart disease.
By offering free prescription medications, the Society of St. Vincent de Paul Charitable Pharmacy of North Texas enables its recipients to sustain their health and maintain a steady employment. Moreover, it prevents the need for costly emergency services, which often become the primary healthcare solution for those unable to afford medication. The pharmacy is a beacon of hope, providing much-needed relief to those who would otherwise struggle to afford the necessary medications to manage their conditions.
In just a few short years, the Society of St. Vincent de Paul Charitable Pharmacy of North Texas has provided an impressive 80,544 prescriptions to eligible patients, totaling over $23.5 million in medications. This remarkable feat has transformed the lives of countless Texans, allowing them to focus on their wellbeing and lifting the financial burden of exorbitant medication costs. Through this essential service, the organization continues to empower individuals, contribute positively to the community, and ultimately, improve the overall healthcare landscape in Texas.
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Impact
October, 2024
The Society of St. Vincent De Paul Charitable Pharmacy of North Texas has made a significant impact on the lives of lower-income, uninsured Texans since its establishment in 2018. As the first free-standing pharmacy in Texas dedicated to providing lifesaving prescription medications at no cost, it addresses a critical need for those who cannot afford essential drugs to manage chronic health conditions such as diabetes, asthma, and heart disease.
By supplying over 80,544 prescriptions valued at more than $23 million, the pharmacy not only helps individuals maintain their health but also supports them in sustaining steady employment and caring for their families. This assistance plays a vital role in breaking the cycle of poverty, as individuals who have access to necessary medications are more likely to improve their overall well-being and productivity.
Furthermore, the pharmacy alleviates the burden on the healthcare system by reducing the need for unreimbursed emergency services, which often become the primary source of care for those without access to medication. Through its mission, the Society of St. Vincent De Paul Charitable Pharmacy enhances the quality of life for its patients, enabling them to lead healthier, more stable lives while promoting broader public health outcomes in the community.
This information is meant to be a general summary of Society Of St Vincent De Paul Charitable Pharmacy Of North Texas. 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: $3,000
- Gross Receipts: $28,448,878
Assets and Liabilities:
- Total Assets: $5,997,455
- Total Liabilities: $54,980
- Net Assets: $5,942,475
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Preceptor Fees
Revenue
$3,000
Organization Details
Founding Year
2017
Phone
(214) 520-0650Principal Officer
Luis Gonzalez
Main Address
3826 Gilbert Avenue, Dallas, TX, 75219
NTEE Category
Code: E60 - Health
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