Lost and Found Pharmacy INC

Tax-deductible

Pittsburgh, PA501(c)(3)Health CareEIN 26-1467655Revenue $2.8M in FY2024

On file with the IRSlostandfoundrx.com11555 Frankstown Rd, 15235-3172 · Pittsburgh, PATax-exempt since Jan 2009Publicly supported — 509(a)(2)

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To provide financial assistance for pharmacy care to the uninsured and under-insured.

501(c)(3) charity; gifts are tax-deductible.
1¢ of each $1 spent went to programs.
Run by 10 volunteers and 15 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
1 of 5
filings with a surplus
Average deficit $31K a year · 1% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
1%
of spending
Concern: 1% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$37K
to officers and key staff · 1% of spending
Top officer’s pay lower than 98% of similar orgs
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $14K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 7 voting members
Looks good: 5 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.8M
-1% vs prior year
Spent
$2.9M
To programs
1%
Net assets
$161K
By yearFY2020–FY2024
Revenue
$2.8M
FY2024▼ -1%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.3M
FY2021$1.6M
FY2022$2.0M
FY2023$2.9M
FY2024$2.8M
Expenses
$2.9M
FY2024▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.3M
FY2021$1.6M
FY2022$2.1M
FY2023$3.0M
FY2024$2.9M
Net assets
$161K
FY2024▲ +26%
Tap a bar for its year
Net assets by fiscal year
FY2020$75K
FY2021$88K
FY2022$108K
FY2023$127K
FY2024$161K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2009.

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

Where the money goes

1 cents of each dollar spent went to programs.

Program services 1% · $36K Management & general 99% · $2.8M

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

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Who runs it and what they're paid

7 people listed on the 990; $37K paid to officers and key staff.

Part VII, Section A · reportable compensation
Vice President
$25,823Pt VII · Sec A
President
$11,476Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Shannon Parsons’s $26K as Vice President is at the 2nd percentile of top reported officer pay among 3128 $1–10M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2022FY2021FY2020
Shannon Parsons$25,823$29,775$21,795$18,525
Sean Parsons$11,476$13,232$9,333$8,697

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 Lost and Found Pharmacy INC executive salaries →

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps uninsured and under-insured afford necessary pharmacy care.

Questions for Lost and Found Pharmacy INC

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Provided by the organization

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2 programs · $36K · in their own filed words · FY2024
01

Financial Aid Program

Subsidies distributed on prescriptions.

$36Kprogram expense
02

Health Education Seminars

Lost and Found Pharmacy provided blood pressure screenings at a community senior fair, and seminars on topics including nutrition and vaccines were conducted in conjunction with the local senior center. These events involved 3 volunteers and supplies were donated.

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 3 funders$14K
See all 3 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.8M
Ln 12
Other incomeLn 4–11$2.8M
Gifts and grantsLn 1h$36K
Money outPt IX
$2.9M
Ln 25
Programscol B$36K
Managementcol C$2.8M
Owns and owesPt X
$161K
net assets · Ln 32
Cash and savingsLn 1–2$43K
Total assetsLn 16$161K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$36K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$4K
Other incomeLn 4–11$2.8M
Total revenueLn 12$2.8M
Assets in detailPt X, end of year
CashLn 1$43K
SavingsLn 2$0
Cash and savings togetherLn 1–2$43K
InvestmentsLn 11–13$0
Other assetsLn 15$0
Total assetsLn 16$161K
LiabilitiesLn 26$0
Net assetsLn 32$161K
OperationsPt I, VI
EmployeesI 515
VolunteersI 610
Fiscal year endsHeaderDecember
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$56K$43K
InvestmentsLn 11–13$0$0
Total assetsLn 16$127K$161K
LiabilitiesLn 26$0$0
Net assetsLn 32$127K$161K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$36K$36K
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$135K$0$135K$0
Pay of disqualified personsLn 6$0$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$42K$0$42K$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$0$0$0$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$0$0$0$0
Office expensesLn 13$0$0$0$0
Information technologyLn 14$0$0$0$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$75K$0$75K$0
TravelLn 17$0$0$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$9K$0$9K$0
All other expensesLn 24e$2.6M$0$2.6M$0
Total functional expensesLn 25$2.9M$36K$2.8M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.8M$2.9M−$50K$161K 990 PDF
FY2023 $2.9M$3.0M−$96K$127K 990 PDF
FY2022 $2.0M$2.1M−$20K$108K 990 PDF
FY2021 $1.6M$1.6M$11K$88K 990 PDF
FY2020 $1.3M$1.3M−$2K$75K 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 (6 parts)
Part I · Summary $2,831,856 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $80,653$36,437
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $2,787,339$2,795,419
I-12 Total revenuePrior year $2,867,992$2,831,856
I-13 Grants and similar amounts paidPrior year $55,427$36,437
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $196,108$177,767
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,711,963$2,667,529
I-18 Total expensesPrior year $2,963,498$2,881,733
I-19 Revenue less expensesPrior year −$95,506−$49,877
Part VI · Governance 5 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,831,856 across 13 lines filed
Lines not itemized here account for $2,795,419 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$3,682
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$32,755
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$36,437
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $2,795,419 · Unrelated business $0 · Excluded from tax $0$2,831,856
Part IX · Statement of functional expenses $2,881,733 across 29 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $36,437$36,437
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $135,476 · Fundraising $0$135,476
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $0 · Management $42,291 · Fundraising $0$42,291
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$0
IX-13 Office expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-14 Information technologyPrograms $0 · Management $0 · Fundraising $0$0
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $0 · Management $74,680 · Fundraising $0$74,680
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$0
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $0 · Management $8,530 · Fundraising $0$8,530
IX-24e All other expensesPrograms $0 · Management $2,584,319 · Fundraising $0$2,584,319
IX-25 Total functional expensesPrograms $36,437 · Management $2,845,296 · Fundraising $0$2,881,733
Part X · Balance sheet $160,735 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $56,248$43,212
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $71,199$117,523
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $127,447$160,735
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $127,447$160,735
X-33 Total liabilities and net assetsStart of year $127,447$160,735
Part XI · Reconciliation of net assets $160,735 net assets at year end
XI-1 Total revenue$2,831,856
XI-2 Total expenses$2,881,733
XI-3 Revenue less expenses−$49,877
XI-4 Net assets at start of year$127,447
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$83,165
XI-10 Net assets at end of year$160,735

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

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