Lsa Therapy INC FY2023 filing

Tax-deductible

Salisbury, NC501(c)(3)Since 2013EIN 46-1886488

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501(c)(3) charity; gifts are tax-deductible.
Status: IRS Pub. 78

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FY2023 · 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 $929K a year · 100% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% 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
$783K
-56% vs prior year
Spent
$0
Net assets
$5.3M
By yearFY2020–FY2024
Revenue
$783K
FY2023▼ -56%
Revenue by fiscal year
FY2020$501K
FY2021$785K
FY2022$1.8M
FY2023$783K
FY2024$807K
FY2024$1.1M
Expenses
$0
FY2023▼ -100%
Expenses by fiscal year
FY2020$0
FY2021$0
FY2022$14K
FY2023$0
FY2024$1K
FY2024$1K
Net assets
$5.3M
FY2023▲ +17%
Net assets by fiscal year
FY2020$2.0M
FY2021$2.8M
FY2022$4.5M
FY2023$5.3M
FY2024$6.1M
FY2024$7.2M

From the FY2023 Form 990 (year ending September 2023) · see the original

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You’re viewing the FY2023 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

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
CEO/President
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Chief Financial Officer
$0Pt VII · Sec A
Chief Operating Officer
$0Pt VII · Sec A
See Lsa Therapy 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides support and walks alongside those in need, guided by faith.

Provided by the organization

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

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1 program service, described in the organization's own filed words · FY2022.
01

Lsa therapy, inc. Is an equity investor in trinity rehab, LLC (ein 46-1529622), a therapy company that provides therapy to all lutheran services carolinas facilities.

Pt IX · col B

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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 FY2023 990, line by line.

1The main four
Money inPt VIII
$783K
Ln 12
Fees for servicesLn 2g$783K
Money outPt IX
$0
Ln 25
Owns and owesPt X
$5.3M
net assets · Ln 32
Cash and savingsLn 1–2$165K
Total assetsLn 16$5.3M
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$783K
Total revenueLn 12$783K
Assets in detailPt X, end of year
CashLn 1$165K
Cash and savings togetherLn 1–2$165K
InvestmentsLn 11–13$543K
Other assetsLn 15$4.6M
Total assetsLn 16$5.3M
LiabilitiesLn 26$0
Net assetsLn 32$5.3M
OperationsPt I, VI
EmployeesI 50
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 FY23End FY23
Cash and savingsLn 1–2$165K
InvestmentsLn 11–13$317K$543K
Total assetsLn 16$4.5M$5.3M
LiabilitiesLn 26$0$0
Net assetsLn 32$4.5M$5.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Total functional expensesLn 25$0$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $807K$1K$806K$6.1M 990 PDF
FY2023 Viewing $783K$0$783K$5.3M 990 PDF
FY2022 $1.8M$14K$1.8M$4.5M 990 PDF
FY2021 $785K$0$785K$2.8M 990 PDF
FY2020 $501K$0$501K$2.0M 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $783,450 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $783,450$783,450
VIII-12 Total revenueRelated to mission $783,450 · Unrelated business $0 · Excluded from tax $0$783,450
Part IX · Statement of functional expenses $0 across 0 lines filed
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$0
Part X · Balance sheet $5,321,431 assets, 8 lines filed
X-1 Cash, non-interest-bearing$165,000
X-12 Other securitiesStart of year $317,275$543,073
X-15 Other assetsStart of year $4,220,706$4,613,358
X-16 Total assetsStart of year $4,537,981$5,321,431
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $4,537,981$5,321,431
X-32 Total net assets or fund balancesStart of year $4,537,981$5,321,431
X-33 Total liabilities and net assetsStart of year $4,537,981$5,321,431
Part XI · Reconciliation of net assets $5,321,431 net assets at year end
XI-1 Total revenue$783,450
XI-2 Total expenses$0
XI-3 Revenue less expenses$783,450
XI-4 Net assets at start of year$4,537,981
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,321,431

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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