Good Shepherd Medication Management FY2020 filing

Tax-deductible

Memphis, TN501(c)(3)Since 2014UnclassifiedEIN 46-3313048Revenue $2.6M in FY2020

On file with the IRSgoodshephealth.com266 S Cleveland St Ste 202, 38104-3505 · Memphis, TNTax-exempt since Jun 2014Publicly supported charity — 170(b)(1)(A)(vi)

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Good Shepherd Medication Management is a community pharmacy that stores, prepares, and dispenses medicinal preparations and/or prescriptions for a local patient population in accordance with federal and state law; counsel patients and caregivers (sometimes independent of the dispensing process); administer vaccinations; and provide other professional services associated with pharmaceutical care such as health screenings, consultative services with other health care providers, collaborative practice, disease state Management, and education classes.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
$16K 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 surplus $3.6M a year · 60% of revenue · last 5 filings
Worth a look: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$16K
to officers and key staff · 0.3% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<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
2
named funders · $150K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$511K
22% of total assets
Looks good: liabilities are 22% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 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
$2.6M
Spent
$4.7M
To programs
98%
Net assets
$1.8M
By yearFY2020–FY2024
Revenue
$2.6M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$2.6M
FY2021$1.9M
FY2022$2.3M
FY2023$815K
FY2024$23.0M
Expenses
$4.7M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$4.7M
FY2021$2.6M
FY2022$3.2M
FY2023$1.3M
FY2024$587K
Net assets
$1.8M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.8M
FY2021$1.1M
FY2022$242K
FY2023−$220K
FY2024$22.2M

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 Jun 2014.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $4.7M Management & general 1% · $26K Fundraising 1% · $50K

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

8 people listed on the 990; $16K paid to officers and key staff.

Part VII, Section A · reportable compensation
CEO/President
$16,000Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Chairman/Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Dr Philip J Baker$65,000$120,000$102,000$47,500$16,000

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 15aYes

Programs and updates

Provides medication management, vaccinations, and health education to the local community.

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Provided by the organization

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1 program · $4.7M · in their own filed words · FY2020
01

The prescription repository program accepts donated prescription medications from hospitals, nursing homes, and individuals and properly redispenses medications to uninsured individuals for a monthly subscription fee or free.

$4.7Mprogram expense

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 2 funders$150K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$2.6M
Ln 12
Gifts and grantsLn 1h$2.0M
Fees for servicesLn 2g$519K
Money outPt IX
$4.7M
Ln 25
Programscol B$4.7M
Managementcol C$26K
Fundraisingcol D$50K
Owns and owesPt X
$1.8M
net assets · Ln 32
Cash and savingsLn 1–2$117K
Total assetsLn 16$2.3M
LiabilitiesLn 26$511K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.0M
Noncash giftsLn 1g$1.9M
Fees for servicesLn 2g$519K
Total revenueLn 12$2.6M
Assets in detailPt X, end of year
CashLn 1$117K
Cash and savings togetherLn 1–2$117K
Land, buildings, equipmentLn 10c$128K
Total assetsLn 16$2.3M
LiabilitiesLn 26$511K
Net assetsLn 32$1.8M
OperationsPt I, VI
EmployeesI 510
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$13K$117K
Land, buildings, equipmentLn 10c$153K$128K
Total assetsLn 16$4.5M$2.3M
LiabilitiesLn 26$515K$511K
Net assetsLn 32$4.0M$1.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$4.4M$4.4M
Pay of current officers, directors and key staffLn 5$16K$8K$8K
Other salaries and wagesLn 7$90K$90K
Payroll taxesLn 10$10K$8K$610$610
Management feesLn 11a$13K$13K
Legal feesLn 11b$7K$7K
Accounting feesLn 11c$30K$20K$10K
Other fees for servicesLn 11g$4K$4K
Advertising and promotionLn 12$42K$42K
Office expensesLn 13$19K$15K$3K
Information technologyLn 14$28K$24K$3K
OccupancyLn 16$12K$11K$1K
Conferences, conventions and meetingsLn 19$27K$27K
Depreciation, depletion and amortizationLn 22$25K$25K
InsuranceLn 23$953$953
Other expenses (24a–d)Ln 24$41K$41K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$4.7M$4.7M$26K$50K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $23.0M$587K$22.4M$22.2M 990 PDF
FY2023 $815K$1.3M−$450K−$220K 990 PDF
FY2022 $2.3M$3.2M−$828K$242K 990 PDF
FY2021 $1.9M$2.6M−$744K$1.1M 990 PDF
FY2020 Viewing $2.6M$4.7M−$2.2M$1.8M 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 FY2020 990 (6 parts)
Part I · Summary $2,559,042 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,462,193$2,040,294
I-9 Program service revenuePrior year $504,850$518,748
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $4,967,043$2,559,042
I-13 Grants and similar amounts paidPrior year $3,724,261$4,372,417
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $325,765$115,303
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $194,031$250,323
I-18 Total expensesPrior year $4,244,057$4,738,043
I-19 Revenue less expensesPrior year $722,986−$2,179,001
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,559,042 across 5 lines filed
VIII-1f All other contributions, gifts and grants$2,040,294
VIII-1g Noncash contributions (included above)$1,855,143
VIII-1h Total contributions, gifts and grants$2,040,294
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $518,748$518,748
VIII-12 Total revenueRelated to mission $518,748 · Unrelated business $0 · Excluded from tax $0$2,559,042
Part IX · Statement of functional expenses $4,738,043 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $4,372,417$4,372,417
IX-5 Pay of current officers, directors and key staffManagement $8,000 · Fundraising $8,000$16,000
IX-7 Other salaries and wagesPrograms $89,602$89,602
IX-10 Payroll taxesPrograms $8,481 · Management $610 · Fundraising $610$9,701
IX-11a Management feesPrograms $13,250$13,250
IX-11b Legal feesPrograms $7,205$7,205
IX-11c Accounting feesPrograms $19,540 · Management $10,137$29,677
IX-11g Other fees for servicesPrograms $4,203$4,203
IX-12 Advertising and promotionFundraising $41,832$41,832
IX-13 Office expensesPrograms $15,470 · Management $3,115$18,585
IX-14 Information technologyPrograms $24,418 · Management $3,485$27,903
IX-16 OccupancyPrograms $10,632 · Management $1,068$11,700
IX-19 Conferences, conventions and meetingsPrograms $27,035$27,035
IX-22 Depreciation, depletion and amortizationPrograms $25,470$25,470
IX-23 InsurancePrograms $953$953
IX-24 Other expenses (24a–d)Programs $41,309$41,309
IX-24e All other expensesPrograms $1,201$1,201
IX-25 Total functional expensesPrograms $4,661,186 · Management $26,415 · Fundraising $50,442$4,738,043
Part X · Balance sheet $2,325,879 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $12,962$116,732
X-4 Accounts receivableStart of year $791$1,079
X-8 Inventories for sale or useStart of year $4,341,298$2,080,299
X-10c Land, buildings and equipment, netStart of year $153,240$127,769
X-16 Total assetsStart of year $4,508,291$2,325,879
X-17 Accounts payable and accrued expensesStart of year $2,254$5,560
X-24 Unsecured notes and loans payableStart of year $250,000$250,000
X-25 Other liabilitiesStart of year $122,958$139,591
X-26 Total liabilitiesStart of year $514,668$511,257
X-27 Net assets without donor restrictionsStart of year $3,993,623$1,814,622
X-32 Total net assets or fund balancesStart of year $3,993,623$1,814,622
X-33 Total liabilities and net assetsStart of year $4,508,291$2,325,879
Part XI · Reconciliation of net assets $1,814,622 net assets at year end
XI-1 Total revenue$2,559,042
XI-2 Total expenses$4,738,043
XI-3 Revenue less expenses−$2,179,001
XI-4 Net assets at start of year$3,993,623
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,814,622

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

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