Lsa Pharmacy INC FY2024 filing

Tax-deductible

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

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
$597K paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · 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
$597K
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
7 mo
of spending, in cash
Looks good: 7.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$241K
1% of total assets
Looks good: liabilities are 1% 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
$10.8M
+20% vs prior year
Spent
$9.6M
To programs
95%
Net assets
$16.0M
By yearFY2020–FY2024
Revenue
$10.8M
FY2024▲ +20%
Revenue by fiscal year
FY2020$8.1M
FY2021$7.5M
FY2022$8.0M
FY2023$9.0M
FY2024$10.8M
FY2024$630K
Expenses
$9.6M
FY2024▲ +14%
Expenses by fiscal year
FY2020$7.1M
FY2021$7.1M
FY2022$7.4M
FY2023$8.3M
FY2024$9.6M
FY2024Not on file
Net assets
$16.0M
FY2024▲ +16%
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 FY2024 Form 990 (year ending September 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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% · $9.0M Management & general 5% · $515K

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

Who runs it and what they're paid

10 people listed on the 990; $597K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Pharmacist - Manager
$209,799Pt VII · Sec A
$136,962Pt VII · Sec A
$126,553Pt VII · Sec A
Pharmacist
$123,449Pt VII · Sec A
Chief Financial Officer
$0Pt VII · Sec A
President/CEO
$0Pt VII · Sec A
Chief Operating Officer
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A

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

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

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.

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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

This section is blank until Lsa Pharmacy INC claims this page.

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1 program service account for $9.0M of program spending, described in the organization's own filed words · FY2023.
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).

$9.0Mprogram expense

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Funders

Who pays for it.

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

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$10.8M
Ln 12
Fees for servicesLn 2g$10.6M
Investment incomeLn 3$148K
Other incomeLn 4–11$1K
Money outPt IX
$9.6M
Ln 25
Programscol B$9.0M
Managementcol C$515K
Owns and owesPt X
$16.0M
net assets · Ln 32
Cash and savingsLn 1–2$5.7M
Total assetsLn 16$16.2M
LiabilitiesLn 26$241K
PeoplePt VI, VII
10
listed · VII A
PaidVII A4
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$10.6M
Investment incomeLn 3$148K
Other incomeLn 4–11$1K
Gains on assetsLn 7$1K
Total revenueLn 12$10.8M
Assets in detailPt X, end of year
CashLn 1$5.7M
Cash and savings togetherLn 1–2$5.7M
InvestmentsLn 11–13$7.8M
Land, buildings, equipmentLn 10c$168K
Other assetsLn 15$1.4M
Total assetsLn 16$16.2M
LiabilitiesLn 26$241K
Net assetsLn 32$16.0M
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 FY24End FY24
Cash and savingsLn 1–2$1.8M$5.7M
InvestmentsLn 11–13$2.6M$7.8M
Land, buildings, equipmentLn 10c$202K$168K
Total assetsLn 16$14.2M$16.2M
LiabilitiesLn 26$365K$241K
Net assetsLn 32$13.8M$16.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1.8M$1.8M
Pension plan contributionsLn 8$23K$23K
Other employee benefitsLn 9$165K$165K
Payroll taxesLn 10$125K$125K
Management feesLn 11a$501K$501K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$2K$2K
Investment management feesLn 11f$7K$7K
Other fees for servicesLn 11g$274K$274K$0$0
Office expensesLn 13$387K$386K$549
Information technologyLn 14$50K$50K
OccupancyLn 16$84K$84K
TravelLn 17$902$902
InterestLn 20$218$218
Depreciation, depletion and amortizationLn 22$32K$32K
InsuranceLn 23$11K$11K
Other expenses (24a–d)Ln 24$6.1M$6.1M
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$9.6M$9.0M$515K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $10.8M$9.6M$1.2M$16.0M 990 PDF
FY2023 $9.0M$8.3M$621K$13.8M 990 PDF
FY2022 $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

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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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $10,779,264 across 6 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $10,630,451$10,630,451
VIII-3 Investment incomeExcluded from tax $146,483$146,483
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,195$1,195
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,135$1,135
VIII-12 Total revenueRelated to mission $10,630,451 · Unrelated business $0 · Excluded from tax $148,813$10,779,264
Part IX · Statement of functional expenses $9,550,861 across 18 lines filed
IX-7 Other salaries and wagesPrograms $1,760,783$1,760,783
IX-8 Pension plan contributionsPrograms $22,631$22,631
IX-9 Other employee benefitsPrograms $165,241$165,241
IX-10 Payroll taxesPrograms $124,529$124,529
IX-11a Management feesManagement $501,061$501,061
IX-11b Legal feesManagement $3,675$3,675
IX-11c Accounting feesManagement $2,500$2,500
IX-11f Investment management feesManagement $7,042$7,042
IX-11g Other fees for servicesPrograms $274,136 · Management $0 · Fundraising $0$274,136
IX-13 Office expensesPrograms $386,067 · Management $549$386,616
IX-14 Information technologyPrograms $49,967$49,967
IX-16 OccupancyPrograms $84,375$84,375
IX-17 TravelPrograms $902$902
IX-20 InterestPrograms $218$218
IX-22 Depreciation, depletion and amortizationPrograms $32,170$32,170
IX-23 InsurancePrograms $11,405$11,405
IX-24 Other expenses (24a–d)Programs $6,123,610$6,123,610
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $9,036,034 · Management $514,827 · Fundraising $0$9,550,861
Part X · Balance sheet $16,195,775 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $1,801,928$5,693,773
X-4 Accounts receivableStart of year $336,906$446,858
X-8 Inventories for sale or useStart of year $652,416$725,240
X-9 Prepaid expenses and deferred chargesStart of year $2,055−$218
X-10c Land, buildings and equipment, netStart of year $201,836$168,251
X-11 Publicly traded securitiesStart of year $2,606,015$7,790,297
X-15 Other assetsStart of year $8,562,782$1,371,574
X-16 Total assetsStart of year $14,163,938$16,195,775
X-17 Accounts payable and accrued expensesStart of year $359,361$235,981
X-20 Tax-exempt bond liabilitiesStart of year $5,474$5,128
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $364,835$241,109
X-27 Net assets without donor restrictionsStart of year $13,799,103$15,954,666
X-32 Total net assets or fund balancesStart of year $13,799,103$15,954,666
X-33 Total liabilities and net assetsStart of year $14,163,938$16,195,775
Part XI · Reconciliation of net assets $15,954,666 net assets at year end
XI-1 Total revenue$10,779,264
XI-2 Total expenses$9,550,861
XI-3 Revenue less expenses$1,228,403
XI-4 Net assets at start of year$13,799,103
XI-5 Net unrealized gains (losses) on investments$927,160
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$15,954,666

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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