Faith Community Pharmacy Inc
- Assets
- $973.9k
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 7
- Location
- Florence, KY
- Founding
- 06/2002
- Data as of
- 06/2021
- EIN
- 61-1378914
Organization Overview
Faith Community Pharmacy Inc is located in Florence, KY. The organization was established in 2002. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. As of 06/2021, Faith Community Pharmacy Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faith Community Pharmacy 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 06/2021, Faith Community Pharmacy Inc generated $2.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $3.0m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE NECESSARY MEDICATIONS AND PHARMACEUTICALS FREE OF CHARGE TO THOSE UNABLE TO PAY, WITHOUT REGARD TO RACE, CREED, OR NATIONAL ORIGIN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PHARMACY COLLECTS AND DISPENSES PHYSICIAN SAMPLE MEDICATIONS AS WELL AS OTHER MEDICATIONS ACQUIRED THROUGH CHARITABLE CONTRIBUTIONS. FROM JANUARY 1, 2021 TO JUNE 30, 2021, THE PHARMACY PROVIDED 853 CLIENTS WITH 13,896 TWO & THREE-MONTH PRESCRIPTIONS VALUED AT $2,317,971.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Broomall Executive Director | Officer | 40 | $41,200 |
Matthew Monday Treasurer | OfficerTrustee | 1 | $0 |
Jim Cahill Chair | OfficerTrustee | 1 | $0 |
Dr Todd Cook Secretary | OfficerTrustee | 1 | $0 |
Joan Wurtenberger Vice Chair | OfficerTrustee | 1 | $0 |
Bill Blewett Board Of Directors | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $730 |
| Related organizations | $0 |
| Government grants | $122,342 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,699,758 |
| Noncash contributions included in lines 1a–1f | $2,538,162 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,822,830 |
| Total Program Service Revenue | $0 |
| Investment income | $53 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $131 |
| Net Income from Fundraising Events | $28,236 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,852,601 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,317,971 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $41,200 |
| Compensation of current officers, directors, key employees. | $3,296 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $94,339 |
| Pension plan accruals and contributions | $4,424 |
| Other employee benefits | $0 |
| Payroll taxes | $8,877 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,261 |
| Advertising and promotion | $3,458 |
| Office expenses | $7,918 |
| Information technology | $17,427 |
| Royalties | $0 |
| Occupancy | $15,120 |
| Travel | $0 |
| 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 | $1,114 |
| Insurance | $10,007 |
| All other expenses | $1,869 |
| Total functional expenses | $3,043,505 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,985 |
| Savings and temporary cash investments | $18,879 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $390,165 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $12,177 |
| Investments—publicly traded securities | $519,709 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,000 |
| Total assets | $973,915 |
| Accounts payable and accrued expenses | $0 |
| 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 | $6,615 |
| Total liabilities | $6,615 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $967,300 |
| Total liabilities and net assets/fund balances | $973,915 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Faith Community Pharmacy Inc has recieved totaling $5,219,712.
| Awarding Organization | Amount |
|---|---|
Americares Foundation Inc Stamford, CT PURPOSE: ONGOING | $2,493,396 |
Americares Foundation Inc Stamford, CT PURPOSE: ONGOING | $2,493,396 |
Johnson Charitable Gift Fund Cincinnati, OH PURPOSE: DESIGNATED/GENERAL | $123,500 |
Horizon Community Funds Of Northern Kentucky Inc Covington, KY PURPOSE: General Support | $35,050 |
R C Durr Foundation Inc Covington, KY PURPOSE: GENERAL SUPPORT | $24,000 |
Marge & Charles J Schott Foundation Cincinnati, OH PURPOSE: GIVEN TO THE CHARITY'S GENERAL FUND TO BE USED AS THEY SEE FIT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ascension Wisconsin Laboratories Inc St Louis, MO | $6,280,554 | $20,897,909 |
New Vision Medical Laboratories Inc Lima, OH | $1,846,995 | $17,074,145 |
Matthew 25 Aids Services Inc Henderson, KY | $4,907,069 | $17,337,927 |
Vine International Inc Knoxville, TN | $268,672 | $13,371,180 |
Generations Health Association Inc Mcminnville, TN | $13,336,453 | $14,398,370 |
Providence Care Center Sandusky, OH | $35,231,908 | $13,828,823 |
Medwish International Cleveland, OH | $7,728,911 | $13,244,556 |
Kettering Affiliated Health Services Inc Miamisburg, OH | $6,710,130 | $7,749,875 |
Ohio Health Information Partnership Llc Hilliard, OH | $8,402,376 | $7,994,818 |
Alliancechicago Chicago, IL | $6,331,784 | $6,732,004 |
Monarch Lifeworks Shaker Heights, OH | $1,539,677 | $6,070,082 |
Arlington Free Clinic Inc Arlington, VA | $10,623,564 | $5,707,203 |