2024-02-09T10:55:55-06:00 2023-09-30 043138777 PKF JND PC 400 CROWN COLONY DRIVE SUITE 102 QUINCY MA 02169 990 2022-10-01 042104826 SOCIETY OF ST VINCENT DE PAUL SOCI 7813443100 18 CANTON STREET STOUGHTON MA 02072 ROBERT W SMITH PRESIDENT 7813443100 2024-02-01 1 ROBERT SMITH 999009999 0 AMANDA C WOLFE P01289269 6174220007 2024-02-01 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ROBERT W SMITH 18 CANTON STREET STOUGHTON MA 02072 8042569 0 X SVDPBOSTON.ORG X 1869 MA THE SOCIETY OF ST. VINCENT DE PAUL OFFERS TANGIBLE ASSISTANCE TO THOSE IN NEED ON A PERSON-TO-PERSON BASIS. IT IS THIS PERSONALIZED INVOLVEMENT THAT MAKES THE WORK OF THE SOCIETY UNIQUE. THIS AID MAY TAKE THE FORM OF INTERVENTION, CONSULTATION, OR OFTEN THROUGH DIRECT DOLLAR OR IN-KIND SERVICE. AN ESSENTIAL PRECEPT OF THE SOCIETY'S WORK IS TO PROVIDE HELP WHILE CONSCIENTIOUSLY MAINTAINING THE CONFIDENTIALITY AND DIGNITY OF THOSE WHO ARE SERVED. THE SOCIETY RECOGNIZES THAT IT MUST ASSUME, ALSO, A ROLE OF ADVOCACY FOR THOSE WHO ARE DEFENSELESS OR VOICELESS. SOME 12 MILLION PERSONS ARE HELPED ANNUALLY BY VINCENTIANS IN THE UNITED STATES. 16 16 88 2420 0 0 960422 854070 4844292 5321558 186163 160471 0 0 5990877 6336099 921710 1039134 0 0 2822463 2886858 0 0 0 1707194 1716960 5451367 5642952 539510 693147 14459247 17745484 2801355 4188230 11657892 13557254 X INSPIRED BY GOSPEL VALUES, THE SOCIETY OF ST. VINCENT DE PAUL, A CATHOLIC LAY ORGANIZATION, LEADS WOMEN AND MEN TO JOIN TOGETHER TO GROW SPIRITUALLY BY OFFERING PERSON-TO-PERSON SERVICE TO THOSE WHO ARE NEEDY AND SUFFERING IN THE TRADITION OF ITS FOUNDER, BLESSED FREDERIC OZANAM, AND PATRON, ST. VINCENT DE PAUL. 0 0 3448183 5272182 THE SOCIETY OPERATES SEVERAL THRIFT SHOPS IN THE GREATER BOSTON AREA WHICH PROCESS AND SELL DONATED CLOTHING AND HOUSEHOLD GOODS. IT SERVES THE POOR AND NEEDY BY MAKING CLOTHING AND HOUSEHOLD GOODS AVAILABLE AT NOMINAL PRICES IN ITS THRIFT SHOPS, BY EMPLOYING NEIGHBORHOOD PEOPLE TO OPERATE THE STORES, AND BY PROVIDING FUNDING FOR THE SOCIETY'S OTHER PROGRAMS. 274801 274801 THE SOCIETY PROVIDES RENTAL REIMBURSEMENT TO PERSONS IN NEED. (408 ASSISTED) 178759 178759 THE SOCIETY PROVIDES ASSISTANCE WITH GAS, ELECTRICITY, HOME HEATING OIL AND TELEPHONE BILLS (625 ASSISTED) 585574 585574 49376 OTHER CHARITABLE PROGRAMS INCLUDE: UPLIFT RELIEF AWARDS FOR MEMBER DISTRICTS, PRISON PROGRAM TO FAMILIES IN NEED, AS WELL AS DIRECT RELIEF ASSISTANCE TO INDIVIDUALS AND DISPLACED FAMILIES. (154 ASSISTED)PAROCHIAL SCHOOL TRUST SCHOLARSHIP PROGRAM PROVIDES FUNDING STUDENTS FROM NEEDY FAMILIES EACH YEAR TO ATTEND PAROCHIAL GRADE SCHOOL. (92 ASSISTED) 585574 585574 49376 4487317 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 163 0 88 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 1 1 0 1 1 0 1 1 1 1 0 MA X CHRISTOPHER G TRUDEAU 7813443100 18 CANTON STREET STOUGHTON MA 02072 ROBERT W SMITH PRESIDENT/DIRECTOR 2.00 X X 0 0 0 SUSAN CRUSOE VICE PRESIDENT/DIRECTOR 2.00 X X 0 0 0 LORRAINE ADAMS SECRETARY/DIRECTOR 2.00 X X 0 0 0 THEODORE VANDER ELS TREASURER/DIRECTOR 2.00 X X 0 0 0 MICHAEL BOUDREAU DIRECTOR 2.00 X 0 0 0 VINCENT DONOVAN DIRECTOR 2.00 X 0 0 0 DAVID DRISCOLL DIRECTOR 2.00 X 0 0 0 MICHAEL G DUFFLEY DIRECTOR 2.00 X 0 0 0 WILLIAM LAPIERRE DIRECTOR 2.00 X 0 0 0 RONALD H NIX DIRECTOR 2.00 X 0 0 0 KAREN O'BRIEN DIRECTOR 2.00 X 0 0 0 REV WILLIAM C PALLADINO DIRECTOR 2.00 X 0 0 0 CATHERINE SCLAFANI DIRECTOR 2.00 X 0 0 0 MARILYN SHAW DIRECTOR 2.00 X 0 0 0 LISA STEPANSKI DIRECTOR 2.00 X 0 0 0 JOSEPH TIERNO DIRECTOR 2.00 X 0 0 0 CHRISTOPHER G TRUDEAU EXECUTIVE DIRECTOR/CEO 40.00 X 174288 0 39896 LORI A MALCOM DIRECTOR RETAIL OPERATIONS 40.00 X 116682 0 33340 290970 0 73236 2 0 1 0 0 239578 614492 854070 SALES - DONATED GARMENTS 458000 5272182 5272182 MISCELLANEOUS 900099 49376 49376 5321558 178973 178973 1687968 1706470 -18502 -18502 -18502 6336099 5321558 0 160471 126303 126303 912831 912831 220570 110285 110285 2262846 1823853 438993 61972 40183 21789 107122 47818 59304 234348 179836 54512 55642 55642 42869 42869 45892 1973 43919 199055 33364 165691 13245 13245 273567 258805 14762 73059 5897 67162 32418 4443 27975 6383 297 6086 243317 243317 202421 171804 30617 STORE EXPENSES 272917 272917 VEHICLE EXPENSE 149440 149440 RUBBISH REMOVAL 94459 94459 OUTSIDE LABOR 8046 7351 695 4230 2141 2089 5642952 4487317 1155635 0 205489 152145 1002 537333 30667 177591 110661 107379 19596 16037 7634920 3360709 4102385 4274211 9989447 12114214 366224 0 350 14459247 17745484 276810 460565 2520522 3361098 4023 366567 2801355 4188230 X 9890874 11453242 1767018 2104012 11657892 13557254 14459247 17745484 693147 1206215 0 X X 0 1 X 1 0 X 404884 484839 166340 200822 614492 1871377 3635459 2471513 4147612 4844292 5395905 20494781 4040343 2956352 4313952 5045114 6010397 22366158 0 194162 293284 25819 513265 194162 293284 25819 513265 21852893 126572 129436 104113 164117 178973 703211 126572 129436 104113 164117 178973 703211 4166915 3085788 4418065 5209231 6189370 23069369 0.94730 0.94280 0.03050 0.03180 X SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: DESCRIPTION: EMPLOYEE RETENTION CREDIT DATE: 08/15/23 AMOUNT: 239578. DESCRIPTION: PAYCHECK PROTECTION PROGRAM FORGIVENSS PAYMENTS DATE: 11/10/21 AMOUNT: 390100. DESCRIPTION: PAYCHECK PROTECTION PROGRAM FORGIVENSS PAYMENTS DATE: 05/03/22 AMOUNT: 369500. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 2288641 23344 405969 2717954 2683836 24810 -420005 2288641 2456877 226959 2683836 2391610 203267 138000 2456877 2377835 52500 144980 182208 1497 2391610 0.22590 0.26000 0.51410 0 0 940800 940800 5936230 3053926 2882304 14009 13189 820 193986 191839 2147 549895 101755 448140 4274211 FINANCE LEASE LIABILITY 24640 OPERATING LEASE LIABILITIES 341927 366567 X 7499445 1206215 1206215 6293230 42869 42869 6336099 5600083 0 5600083 42869 42869 5642952 PART IV, LINE 2B: GATE OF HEAVEN CONFERENCE: $3,010,633 PURSUANT TO AN AGREEMENT BETWEEN THE SOCIETY AND THE GATE OF HEAVEN CONFERENCE (THE "CONFERENCE"),THE SOCIETY HAS AGREED TO HOLD, MANAGE, INVEST AND ADMINISTER THE BEQUEST OF JOSEPH G. O'MARA IN ACCORDANCE WITH APPLICABLE FIDUCIARY STANDARDS. A SEPARATE ACCOUNT HAS BEEN ESTABLISHED IN THE NAME OF JOSEPH J. AND ETHEL M. O'MARA. ON AN ANNUAL BASIS, THE SOCIETY SHALL AUGMENT THE ACCOUNT WITH ONE-HALF OF THE NET INCOME OF THE ACCOUNT. THE SOCIETY SHALL DISBURSE THE OTHER ONE-HALF OF THE NET INCOME TO THE CONFERENCE FOR DISBURSEMENT TO ALLEVIATE POVERTY AMONG MEMBERS OF THE PARISH AS SPECIFIED IN THE WILL. THE INCOME DISTRIBUTION CALCULATED IS $115,511 FOR FISCAL 2020, $143,809 FOR FISCAL 2021, $64,168 FOR FISCAL 2022, AND $37,093 FOR FISCAL 2023. A PAYMENT OF $59,900 WAS MADE IN FISCAL 2022, LEAVING AN UNPAID BALANCE OF $300,681 AS OF SEPTEMBER 30, 2023. AT ANY TIME IN THE FUTURE, THE CONFERENCE MAY, BY A TWO-THIRDS VOTE OF ALL ITS MEMBERS, RESCIND THIS AGREEMENT AND TAKE POSSESSION OF THE ACCOUNT. SOCIETY OF ST. VINCENT DE PAUL OF ST. PETER'S ROMAN CATHOLIC CHURCH: $326,269 IN FISCAL 2023, THE SOCIETY RECEIVED FUNDS IN THE AMOUNT OF $320,101 FROM THE ROBERT J. O'LEARY TRUST. THE BENEFICIARY OF THE ROBERT J. O'LEARY TRUST WAS THE SOCIETY OF ST. VINCENT DE PAUL OF ST. PETER'S ROMAN CATHOLIC CHURCH, CONCORD AVENUE, CAMBRIDGE MASSACHUSETTS. ST. PETER'S ROMAN CATHOLIC CHURCH WAS NOT IN GOOD STANDING AS OF THE DATE OF THE DISTRIBUTION AND THE FUNDS WERE SENT TO THE SOCIETY. THE SOCIETY INVESTED THE FUNDS INTO TWO CERTIFICATE OF DEPOSIT ACCOUNTS. THE SOCIETY WILL DISTRIBUTE THE FUNDS TO ST. PETER'S ROMAN CATHOLIC CHURCH UPON THEIR REQUEST. OTHER FUNDS HELD BY THE SOCIETY FOR THE BENEFIT OF OTHERS: $24,196 PART V, LINE 4: THE SOCIETY'S ENDOWMENT CONSISTS OF APPROXIMATELY 23 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT ASSETS COMPRISE DONOR-RESTRICTED ENDOWMENT FUNDS, AND FUNDS DESIGNATED BY THE BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENTS. AS REQUIRED BY GAAP, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE SOCIETY'S INVESTMENT POLICY, AS APPROVED BY THE BOARD OF DIRECTORS, IS BASED ON THE GOAL OF OBTAINING A RATE OF TOTAL RETURN IN EXCESS OF THE RATE OF INFLATION OVER AN ECONOMIC CYCLE. ASSETS ARE TO BE MANAGED WITH THE PRIMARY OBJECTIVE BEING GROWTH AND PRESERVATION OF CAPITAL. THE PORTFOLIO WILL BE MANAGED WITH BROAD ASSET ALLOCATION GUIDELINES SUFFICIENT TO BEST MEET THE INVESTMENT GOAL. THE ENDOWMENT ASSETS HAVE BEEN INVESTED APPROXIMATELY 50% IN EQUITIES AND 50% IN FIXED INCOME INSTRUMENTS CONSISTENT WITH THE GUIDELINES OF THE U.S. CONFERENCE OF CATHOLIC BISHOPS. EQUITY SECURITIES ARE INTENDED TO PRODUCE RESULTS THAT EXCEED THE PRICE AND YIELD RESULTS OF THE S&P 500 INDEX WHILE ASSUMING A MODERATE LEVEL OF INVESTMENT RISK AND FIXED INCOME INSTRUMENTS ARE COMPARED TO THE BARCLAY'S INTERMEDIATE GOVERNMENT CREDIT INDEX. THE SOCIETY EXPECTS ITS ENDOWMENT FUNDS TO PROVIDE AN AVERAGE RATE OF RETURN OF APPROXIMATELY 4 TO 8 PERCENT ANNUALLY OVER TIME. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VARY FROM THIS AMOUNT. PART X, LINE 2: THE INCOME TAXES TOPIC OF THE FASB ACCOUNTING STANDARDS CODIFICATION PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. MANAGEMENT OF THE SOCIETY HAS EVALUATED ITS UNCERTAIN TAX POSITIONS AND RELATED INCOME TAX CONTINGENCIES AND DOES NOT BELIEVE THAT ANY MATERIAL UNCERTAIN TAX POSITIONS EXIST. 1 BROCKTON DISTRICT MEMBER DISTRICT OF SVDP 18 CANTON STREET STOUGHTON MA 02072 042104826 501 (C) (3) 10000 0 CLIENT AID BOSTON CENTRAL DISTRICT MEMBER DISTRICT OF SVDP 18 CANTON STREET STOUGHTON MA 02072 042104826 501 (C) (3) 10000 0 CLIENT AID HOLY CROSS DISTRICT MEMBER DISTRICT OF SVDP 18 CANTON STREET STOUGHTON MA 02072 042104826 501 (C) (3) 10000 0 CLEINT AID DISASTER SERVICES CORPORATION - SVDP USA 320 DEKER DR STE 100 IRVING TX 75062 820658251 501 (C) (3) 10000 0 DISASTER RELIEF SALEM DISTRICT MEMBER DISTRICT OF SVDP 18 CANTON STREET STOUGHTON MA 02072 042104826 501 (C) (3) 10000 0 CLIENT AID LAWRENCE DISTRICT MEMBER DISTRICT OF SVDP 18 CANTON STREET STOUGHTON MA 02072 042104826 501 (C) (3) 15000 0 CLIENT AID OSCAR ROMERO - CANTON MEMBER DISTRICT OF SVDP 18 CANTON STREET STOUGHTON MA 02072 042104826 501 (C) (3) 17256 0 CLIENT AID 7 0 PAROCHIAL TUITION PROGRAM 92 136500 FLATLEY UTILITY PROGRAM 625 178759 GENERAL RELIEF 100 12351 SCATTERED HOUSING (DISPLACED FAMILIES) 78 48820 RENTAL REIMBURSEMENT 408 274801 PRISON PROGRAM 76 67510 USED FURNITURE & DIAPERS 1750 172731 FOOD PANTRY 500 21359 PART I, LINE 2: THE COUNCIL REQUIRES A DETAILED REPORT DETAILING INDIVIDUAL CLIENT AID EXPENDED BY DISTRICTS BEFORE THE DISTRICTS RECEIVED ADDITIONAL FUNDING. X X 0 0 0 0 0 0 0 0 0 CHRISTOPHER G TRUDEAU EXECUTIVE DIRECTOR/CEO 171230 0 3058 0 0 0 13601 0 26295 0 214184 0 0 0 LORI A MALCOM DIRECTOR RETAIL OPERATIONS 114480 0 2202 0 0 0 9158 0 24182 0 150022 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B DRAFT FORM 990 IS REVIEWED AND APPROVED BY THE PRESIDENT AND TREASURER OF THE SOCIETY BEFORE ITS SIGNED AND FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE EXECUTIVE DIRECTOR AND CFO IS DETERMINED BY THE PRESIDENTS REVIEW, WHICH IS THEN VOTED ON BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE AUDITED FINANCIAL STATEMENTS, FORM 990 AND MA FORM PC FILED WITH THE ATTORNEY GENERAL'S OFFICE ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. HOWEVER, THE SOCIETY'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT AVAILABLE TO THE PUBLIC. FORM 990 PART XII LINE 2C: THE PRESIDENT AND TREASURER OF THE SOCIETY ASSUME THE RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED DURING THE TAX YEAR. 151 MEMBER CONFERENCES LOCATED THROUGHOUT MASSACHUSETTS SAME AS THE SOCIETY-18 CANTON ST STOUGHTON MA 02072 HOME VISITATION OF THE POOR, SICK AND NEEDY BY A TEAM OF VINCENTIANS MA 501(C)(3) 509(A)(2) N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MEMBER DISTRICTCONFERENCES IN GREATER BOSTON AREA B 116303 FMV