Lost and Found Pharmacy INC FY2020 filing

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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.
2¢ of each $1 spent went to programs.
$27K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
2%
of spending
Concern: 2% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$27K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Concern: 0.3 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
$25K
25% of total assets
Looks good: liabilities are 25% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 6 voting members
Looks good: 4 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
Spent
$1.3M
To programs
2%
Net assets
$75K
By yearFY2020–FY2024
Revenue
$1.3M
FY2020
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
$1.3M
FY2020
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
$75K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$75K
FY2021$88K
FY2022$108K
FY2023$127K
FY2024$161K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Jan 2009.

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

Where the money goes

2 cents of each dollar spent went to programs.

Program services 2% · $27K Management & general 98% · $1.3M Fundraising 0% · $130

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

Something off? Claim to add context

Who runs it and what they're paid

6 people listed on the 990; $27K paid to officers and key staff.

Part VII, Section A · reportable compensation
Vice President
$18,525Pt VII · Sec A
President
$8,697Pt 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 →

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
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Helps uninsured and under-insured afford necessary pharmacy care.

Questions for Lost and Found Pharmacy INC

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2 programs · $27K · in their own filed words · FY2020
01

Financial Aid Program

Subsidies distributed on 335 prescriptions.

$27Kprogram expense
02

Health Information Seminars for Community Education

Four seminars served 259 people on the topics of CBD, Nutritional Supplements, Flu Vaccines, and High Blood Pressure. Due to Covid-19 restrictions, this program was placed on hold for 2020.

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 FY2020 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Other incomeLn 4–11$1.3M
Gifts and grantsLn 1h$37K
Money outPt IX
$1.3M
Ln 25
Programscol B$27K
Managementcol C$1.3M
Fundraisingcol D$130
Owns and owesPt X
$75K
net assets · Ln 32
Cash and savingsLn 1–2$33K
Total assetsLn 16$99K
LiabilitiesLn 26$25K
PeoplePt VI, VII
6
listed · VII A
PaidVII A2
Voting boardVI 1a6
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$37K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$5K
Other incomeLn 4–11$1.3M
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$33K
Cash and savings togetherLn 1–2$33K
Loans to officers and key peopleLn 5$25K
Inventories for sale or useLn 8$42K
Total assetsLn 16$99K
LiabilitiesLn 26$25K
Net assetsLn 32$75K
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 FY20End FY20
Cash and savingsLn 1–2$37K$33K
InvestmentsLn 11–13$0$0
Total assetsLn 16$99K$99K
LiabilitiesLn 26$25K$25K
Net assetsLn 32$75K$75K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$27K$27K
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$64K$0$64K$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$0$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$21K$0$21K$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$130$0$0$130
Office expensesLn 13$627$0$627$0
Information technologyLn 14$0$0$0$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$62K$0$62K$0
TravelLn 17$92$0$92$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$5K$5K$0
Other expenses (24a–d)Ln 24$215$0$215$0
All other expensesLn 24e$1.1M$1.1M$0
Total functional expensesLn 25$1.3M$27K$1.3M$130

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 10, 2025 $2.8M$2.9M−$50K$161K 990 PDF
FY2023Filed with the IRS Nov 11, 2024 $2.9M$3.0M−$96K$127K 990 PDF
FY2022Filed with the IRS Nov 11, 2023 $2.0M$2.1M−$20K$108K 990 PDF
FY2021Filed with the IRS Nov 12, 2022 $1.6M$1.6M$11K$88K 990 PDF
FY2020 ViewingFiled with the IRS Nov 8, 2021 $1.3M$1.3M−$2K$75K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $1,313,029 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $19,829$36,940
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $154,861$1,276,089
I-12 Total revenuePrior year $174,690$1,313,029
I-13 Grants and similar amounts paidPrior year $19,211$27,195
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $75,538$84,810
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $67,031$1,203,408
I-18 Total expensesPrior year $161,780$1,315,413
I-19 Revenue less expensesPrior year $12,910−$2,384
Part VI · Governance 4 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members4
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 $1,313,029 across 9 lines filed
Lines not itemized here account for $1,276,089 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$5,327
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$31,613
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$36,940
VIII-12 Total revenueRelated to mission $1,276,089 · Unrelated business $0 · Excluded from tax $0$1,313,029
Part IX · Statement of functional expenses $1,315,413 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $27,195$27,195
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 $64,036 · Fundraising $0$64,036
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $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 $20,774 · Fundraising $0$20,774
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 $130$130
IX-13 Office expensesPrograms $0 · Management $627 · Fundraising $0$627
IX-14 Information technologyPrograms $0 · Management $0 · Fundraising $0$0
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $0 · Management $62,146 · Fundraising $0$62,146
IX-17 TravelPrograms $0 · Management $92 · Fundraising $0$92
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 InsuranceManagement $5,427 · Fundraising $0$5,427
IX-24 Other expenses (24a–d)Programs $0 · Management $215 · Fundraising $0$215
IX-24e All other expensesManagement $1,134,771 · Fundraising $0$1,134,771
IX-25 Total functional expensesPrograms $27,195 · Management $1,288,088 · Fundraising $130$1,315,413
Part X · Balance sheet $99,283 assets, 29 lines filed
X-1 Cash, non-interest-bearingStart of year $37,051$32,534
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-5 Loans to officers and key peopleStart of year $24,650$24,650
X-6 Loans to other insidersStart of year $0$0
X-7 Notes and loans receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $37,582$42,099
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 $99,283$99,283
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-21 Escrow or custodial accountsStart of year $0$0
X-22 Loans from officers and insidersStart of year $24,650$24,650
X-23 Secured mortgages and notes payableStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-26 Total liabilitiesStart of year $24,650$24,650
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $74,633$74,633
X-32 Total net assets or fund balancesStart of year $74,633$74,633
X-33 Total liabilities and net assetsStart of year $99,283$99,283
Part XI · Reconciliation of net assets $74,633 net assets at year end
XI-1 Total revenue$1,313,029
XI-2 Total expenses$1,315,413
XI-3 Revenue less expenses−$2,384
XI-4 Net assets at start of year$74,633
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$2,384
XI-10 Net assets at end of year$74,633

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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