Lsa Pharmacy INC FY2022 filing

Tax-deductible

Salisbury, NC501(c)(3)Since 2004EIN 20-1457251

This page gets seen. Tell your story. Claim this org.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
$471K paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $795K a year · 9% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$471K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$250K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$8.0M
+7% vs prior year
Spent
$7.4M
To programs
95%
Net assets
$12.9M
By yearFY2020–FY2024
Revenue
$8.0M
FY2022▲ +7%
Revenue by fiscal year
FY2020$8.1M
FY2021$7.5M
FY2022$8.0M
FY2023$9.0M
FY2024$10.8M
FY2024$630K
Expenses
$7.4M
FY2022▲ +5%
Expenses by fiscal year
FY2020$7.1M
FY2021$7.1M
FY2022$7.4M
FY2023$8.3M
FY2024$9.6M
FY2024Not on file
Net assets
$12.9M
FY2022▲ +0.7%
Net assets by fiscal year
FY2020$12.1M
FY2021$12.8M
FY2022$12.9M
FY2023$13.8M
FY2024$16.0M
FY2024$17.6M

From the FY2022 Form 990 (year ending September 2022) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1988.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $7.0M Management & general 5% · $347K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

9 people listed on the 990; $471K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Pharmacist
$188,634Pt VII · Sec A
Pharmacist
$154,007Pt VII · Sec A
Pharmacist
$128,302Pt VII · Sec A
Chief Financial Officer
$0Pt VII · Sec A
CEO/President
$0Pt VII · Sec A
COO - Senior Services
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021
David L Beam$221,700$209,799———
David Beam——$204,396$188,634$182,288
James Fisher——$146,376$154,007$150,893
Jessica S Miller$141,133$136,962———
Jessica Miller——$130,882$128,302$136,258
Dalton L Bost$130,931$123,449———
James Allen Fisher$130,177$126,553———
Tonya Cross————$114,742

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Lsa Pharmacy INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Walks with and empowers all people, guided by faith.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $7.0M · in their own filed words · FY2021
01

Lsa, pharmacy, inc. (lsap) is an affiliate of lutheran services for the aging, inc., a social ministry of the evangelical lutheran church in america. Lsap provides pharmaceutical services to the seven lutheran nursing homes; lsa elms at tanglewood, inc.; and lutheran retirement center-salisbury, inc. (trinity oaks).

$7.0Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$8.0M
Ln 12
Fees for servicesLn 2g$7.7M
Gifts and grantsLn 1h$269K
Investment incomeLn 3$68K
Money outPt IX
$7.4M
Ln 25
Programscol B$7.0M
Managementcol C$347K
Owns and owesPt X
$12.9M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$13.2M
LiabilitiesLn 26$250K
PeoplePt VI, VII
9
listed · VII A
PaidVII A3
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$269K
Government grantsLn 1e$269K
Fees for servicesLn 2g$7.7M
Investment incomeLn 3$68K
Other incomeLn 4–11$3
Gains on assetsLn 7$669
Total revenueLn 12$8.0M
Assets in detailPt X, end of year
CashLn 1$1.4M
Cash and savings togetherLn 1–2$1.4M
InvestmentsLn 11–13$2.3M
Land, buildings, equipmentLn 10c$48K
Other assetsLn 15$8.6M
Total assetsLn 16$13.2M
LiabilitiesLn 26$250K
Net assetsLn 32$12.9M
OperationsPt I, VI
EmployeesI 533
VolunteersI 60
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$794K$1.4M
InvestmentsLn 11–13$2.8M$2.3M
Land, buildings, equipmentLn 10c$46K$48K
Total assetsLn 16$13.1M$13.2M
LiabilitiesLn 26$235K$250K
Net assetsLn 32$12.8M$12.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1.6M$1.6M
Pension plan contributionsLn 8$20K$20K
Other employee benefitsLn 9$161K$161K
Payroll taxesLn 10$109K$109K
Management feesLn 11a$340K$340K
Legal feesLn 11b$704$704
Accounting feesLn 11c$2K$2K
Investment management feesLn 11f$3K$3K
Other fees for servicesLn 11g$197K$197K
Office expensesLn 13$255K$254K$943
Information technologyLn 14$25K$25K
OccupancyLn 16$81K$81K
TravelLn 17$2K$2K
InterestLn 20$297$297
Depreciation, depletion and amortizationLn 22$11K$11K
InsuranceLn 23$14K$14K
Other expenses (24a–d)Ln 24$4.6M$4.6M
Total functional expensesLn 25$7.4M$7.0M$347K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $10.8M$9.6M$1.2M$16.0M 990 PDF
FY2023 $9.0M$8.3M$621K$13.8M 990 PDF
FY2022 Viewing $8.0M$7.4M$644K$12.9M 990 PDF
FY2021 $7.5M$7.1M$482K$12.8M 990 PDF
FY2020 $8.1M$7.1M$1.0M$12.1M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $8,035,790 across 7 lines filed
VIII-1e Government grants$268,900
VIII-1h Total contributions, gifts and grants$268,900
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,698,853$7,698,853
VIII-3 Investment incomeExcluded from tax $67,365$67,365
VIII-7 Net gain or loss on sales of assetsExcluded from tax $669$669
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $3$3
VIII-12 Total revenueRelated to mission $7,698,853 · Unrelated business $0 · Excluded from tax $68,037$8,035,790
Part IX · Statement of functional expenses $7,392,131 across 17 lines filed
IX-7 Other salaries and wagesPrograms $1,585,623$1,585,623
IX-8 Pension plan contributionsPrograms $20,431$20,431
IX-9 Other employee benefitsPrograms $160,971$160,971
IX-10 Payroll taxesPrograms $108,849$108,849
IX-11a Management feesManagement $339,520$339,520
IX-11b Legal feesManagement $704$704
IX-11c Accounting feesManagement $2,500$2,500
IX-11f Investment management feesManagement $3,248$3,248
IX-11g Other fees for servicesPrograms $197,093$197,093
IX-13 Office expensesPrograms $254,135 · Management $943$255,078
IX-14 Information technologyPrograms $24,632$24,632
IX-16 OccupancyPrograms $81,168$81,168
IX-17 TravelPrograms $1,973$1,973
IX-20 InterestPrograms $297$297
IX-22 Depreciation, depletion and amortizationPrograms $11,341$11,341
IX-23 InsurancePrograms $13,863$13,863
IX-24 Other expenses (24a–d)Programs $4,584,840$4,584,840
IX-25 Total functional expensesPrograms $7,045,216 · Management $346,915 · Fundraising $0$7,392,131
Part X · Balance sheet $13,181,625 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $794,462$1,413,101
X-4 Accounts receivableStart of year $349,953$355,766
X-8 Inventories for sale or useStart of year $550,002$516,478
X-9 Prepaid expenses and deferred chargesStart of year −$218−$218
X-10c Land, buildings and equipment, netStart of year $45,527$48,148
X-11 Publicly traded securitiesStart of year $2,787,561$2,297,568
X-15 Other assetsStart of year $8,550,695$8,550,782
X-16 Total assetsStart of year $13,077,982$13,181,625
X-17 Accounts payable and accrued expensesStart of year $228,930$243,964
X-20 Tax-exempt bond liabilitiesStart of year $6,080$5,808
X-26 Total liabilitiesStart of year $235,010$249,772
X-27 Net assets without donor restrictionsStart of year $12,842,972$12,931,853
X-32 Total net assets or fund balancesStart of year $12,842,972$12,931,853
X-33 Total liabilities and net assetsStart of year $13,077,982$13,181,625
Part XI · Reconciliation of net assets $12,931,853 net assets at year end
XI-1 Total revenue$8,035,790
XI-2 Total expenses$7,392,131
XI-3 Revenue less expenses$643,659
XI-4 Net assets at start of year$12,842,972
XI-5 Net unrealized gains (losses) on investments−$554,778
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$12,931,853

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.