Overview
What is St Vincent De Paul Stores?
St. Vincent de Paul Stores is a nonprofit organization based in Cincinnati, Ohio, with a total workforce of 689 employees. Their mission, inspired by gospel values, is to create a more just world by fostering personal relationships and providing essential services to those in need. They achieve this through the operation of a warehouse and eight stores where they sell and distribute donated clothing, furniture, and other household items to the underprivileged. In July 2020, they opened an outlet store to sell such items by the pound. Their activities aim to alleviate immediate needs while creating lasting relationships and promoting growth in holiness.
Official website here: www.svdpcincinnati.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
St Vincent De Paul Stores demonstrates a strong commitment to accountability and financial transparency, reflected in its impressive 97% rating. This rating is derived entirely from its Accountability & Finance score, which highlights the organization's thorough governance practices, such as having a fully independent board and robust financial oversight mechanisms. The charity has no reported material diversion of assets, showcasing its integrity in managing funds.
The organization's financial health is also noteworthy, with a program expense ratio of 94.56%, indicating that the majority of its expenses directly support its mission. Additionally, it maintains a low fundraising efficiency ratio, meaning that it is effective in raising funds relative to the amount spent on fundraising activities. This efficiency is a strong indicator of the charity's ability to maximize resources for its programs.
Overall, St Vincent De Paul Stores stands out for its reliable governance practices and financial acumen, making it a trustworthy option for donors looking to support a nonprofit with a clear mission and responsible management.
This AI summary has been generated from information found on Charity Navigator.
Is St Vincent De Paul Stores legitimate?
St Vincent De Paul Stores is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Vincent De Paul Stores 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: $146,822
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,180,451
For more financial information, click here
Official website here: www.svdpcincinnati.org
What is the mission statement of St Vincent De Paul Stores?
St. Vincent de Paul Stores is a network of neighbors, inspired by gospel values, growing in holiness and working towards building a more just world. They achieve this through personal relationships and service to people in need. The organization operates a warehouse and eight stores where donated clothing, furniture, and household items are sold and distributed to those who require them. In July 2020, an outlet store was added that sells these items by the pound. By providing essential items to those in need, St. Vincent de Paul Stores aim to create a more equitable community and strengthen the bonds between individuals.
Official website here: www.svdpcincinnati.org
What is the revenue of St Vincent De Paul Stores?
St Vincent De Paul Stores's revenue in 2023 was $18,061,577.
Official website here: www.svdpcincinnati.org
Who are the executives of St Vincent De Paul Stores and what are their salaries?
The average compensation at St Vincent De Paul Stores during 2023 was $14,829. There are 629 employees and 156 volunteers at St Vincent De Paul Stores.
Here are 26 key members and their salaries:
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- Other: $24,336
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- Other: $15,202
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Official website here: www.svdpcincinnati.org
Where can I find the form 990 for St Vincent De Paul Stores?
St Vincent De Paul Stores's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.svdpcincinnati.org
Learn more at the official website: www.svdpcincinnati.org
Mission Statement of St Vincent De Paul Stores
St. Vincent De Paul Stores, a network of neighbors inspired by gospel values, strive to build a more just world through personal relationships and service to those in need. Their mission is rooted in growing in holiness as they connect with people experiencing hardships.
In practice, St. Vincent De Paul Stores operate a warehouse and eight retail locations where donated clothing, furniture, and household items are sold and distributed to individuals and families in need. The organization's commitment to service extends beyond sales, as they opened an outlet store in July 2020 where donated items are sold by the pound. By engaging in these activities, St. Vincent De Paul Stores foster meaningful connections and provide essential resources to those who require assistance.
Through their work, St. Vincent De Paul Stores contribute to the betterment of their community by addressing the needs of those who are struggling. As they uphold their gospel values and dedicate themselves to growing in holiness, their impact extends far beyond the sale of second-hand items. The organization's unwavering commitment to personal relationships and service to people in need makes St. Vincent De Paul Stores a vital resource and beacon of hope for those seeking support.
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Impact
October, 2024
St. Vincent De Paul Stores has a significant impact on the community by providing essential resources to individuals and families in need. Operating a warehouse and eight stores in Cincinnati, the organization distributes donated clothing, furniture, and household items, directly aiding those facing economic hardships. This initiative not only supplies necessary goods but also fosters personal relationships, creating a supportive network among neighbors.
With the opening of an outlet store in July 2020, St. Vincent De Paul further expands its reach by offering items at affordable prices by weight, making essential items accessible to a broader audience. The commitment to service and justice empowers individuals, helping them regain stability and dignity in their lives. Through these efforts, St. Vincent De Paul Stores builds a more just world, inspired by shared values and a sense of community.
This information is meant to be a general summary of St Vincent De Paul Stores. 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 2023.
- Investment Income: $200,091
- Gross Receipts: $28,086,787
Assets and Liabilities:
- Total Assets: $15,320,384
- Total Liabilities: $571,877
- Net Assets: $14,748,507
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Organization Details
Founding Year
1938
Principal Officer
Brad Mcmonigle
Website
www.svdpcincinnati.orgNTEE Category
Code: P200 - Human services
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