Form 990 for tax year 2023
Filed by BEACON CHARITABLE PHARMACY INC.
Totals
- Total revenue
- $6,243,055
- Total expenses
- $5,352,148
- Contributions and grants received
- $6,050,945
- Grants paid
- $0
- Program service revenue
- $141,580
- Investment income
- $17,278
- Other revenue
- $33,252
- Total assets, end of year
- $1,635,616
- Total liabilities, end of year
- $32,821
- Net assets or fund balances, end of year
- $1,602,795
- Program services expenses (Part IX)
- $5,228,571
- Management and general expenses
- $114,008
- Fundraising expenses
- $9,569
- Program service expenses (Part III)
- $5,228,571
Program services were 97.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$21,500
-
1f · All other contributions, gifts and grants
$6,029,445
-
1g · Noncash contributions included above
$5,075,158
-
2a · Program service revenue: CLIENT FEES
total $141,580 · related or exempt $141,580
-
3 · Investment income
total $17,278 · related or exempt $17,278
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: MISCELLANEOUS
total $33,252 · related or exempt $33,252
-
11e · Other revenue, total
$33,252
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $151,442 · program services $130,674 · management and general $18,401 · fundraising $2,367
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $294,457 · program services $284,012 · management and general $8,353 · fundraising $2,092
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $14,866 · program services $13,825 · management and general $892 · fundraising $149
-
10 · Payroll taxes
total $33,437 · program services $31,097 · management and general $2,006 · fundraising $334
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $35,960 · program services $8,990 · management and general $26,970
-
11c · Fees: accounting
total $43,555 · program services $10,889 · management and general $32,666
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $35,043 · program services $30,487 · management and general $4,556
-
13 · Office expenses
total $14,600 · program services $9,224 · management and general $867 · fundraising $4,509
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $37,256 · program services $32,413 · management and general $4,843
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $18,703 · program services $16,272 · management and general $2,431
-
23 · Insurance
total $14,390 · program services $7,195 · management and general $7,195
-
24a · Other expenses: PRESCRIPTIONS FILLED
total $4,535,158 · program services $4,535,158
-
24b · Other expenses: PHARMACEUTICAL
total $69,005 · program services $69,005
-
24c · Other expenses: POSTAGE AND PRINTING
total $7,799 · program services $7,253 · management and general $467 · fundraising $79
-
24d · Other expenses: EDUCATION AND TRAVEL
total $8,279 · program services $8,279
-
24e · All other expenses
total $38,198 · program services $33,798 · management and general $4,361 · fundraising $39
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $310,528 · end of year $581,989
-
2 · Savings and temporary cash investments
beginning of year $310,615 · end of year $293,122
-
3 · Pledges and grants receivable
beginning of year $17,459 · end of year $0
-
4 · Accounts receivable
beginning of year $0 · end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $2,657 · end of year $322
-
10a · Land, buildings and equipment: cost or other basis
$730,598
-
10b · Land, buildings and equipment: accumulated depreciation
$43,965
-
10c · Land, buildings and equipment, net
beginning of year $52,453 · end of year $686,633
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $65,410 · end of year $73,550
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $38,150 · end of year $32,821
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $681,972 · end of year $1,186,493
-
28 · Net assets with donor restrictions
beginning of year $39,000 · end of year $416,302
Mission and programs · 2023
Mission
Provides access for the most vulnerable populations to pharmaceuticals and education through Beacon Charitable Pharmacy. Collaborates with other health care providers and community organizations to maximize resources and provide effective and efficient services. Beacon Charitable Pharmacy advocates, educates and cultivates services and funding to serve the medication needs of the community.
Activities or mission (Part I)
Provides access for the most vulnerable populations to pharmaceuticals and education. Advocates, educates and cultivates services to serve medications needs of the community.
-
To provide assistance for low income residents of Stark County to obtain prescription medication. In 2023, BCP dispensed 23,788 prescription medications to 809 unique patients. The medications had an average Wholesale Price (AWP) or value of $4,535,158.
Expenses $5,228,571 · Revenue $141,580
As filed on the 2023 return.
Listed in Part VII
-
William Hubert
Key Employee
- Total calculated
- $130,461
- From this org
- $130,461
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Carol Risaliti
Former Executive Director
- Total calculated
- $101,877
- From this org
- $101,877
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $101,877
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $101,877
-
Latrice Snodgrass
Executive Director
- Total calculated
- $49,565
- From this org
- $49,565
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Garret Brown
Director
- Total calculated
- $0
- Hours/week
- 1
-
Latoya Dickens Jones
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Jacqueline Bollas Caldwell
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
John Feucht
Director
- Total calculated
- $0
- Hours/week
- 1
-
Joe Chenevey
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jonathan Bishop
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kaylynn Horrigan
Director
- Total calculated
- $0
- Hours/week
- 1
-
Paul Witkowski
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jerry N Liliestedt
Director
- Total calculated
- $0
- Hours/week
- 1
-
Larry Marcus
Director
- Total calculated
- $0
- Hours/week
- 1
-
Lisa Oesch
Director
- Total calculated
- $0
- Hours/week
- 1
-
Richard Kress
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Steve Burger
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mandwel Patterson
President
- Total calculated
- $0
- Hours/week
- 1
-
Kyle Sobecki
Immediate Past President
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
None.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413209349312581
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