Overview
What is Lost And Found Pharmacy Inc?
Lost And Found Pharmacy Inc, located at 11555 Frankstown Road, Pittsburgh, PA 15235, is a nonprofit organization dedicated to offering financial aid to individuals who are uninsured or under-insured, specifically focusing on assisting those in the "Medicare Gap." This assistance is primarily provided in the form of subsidies on prescriptions. The organization's mission is to alleviate the financial burden of pharmacy care for this vulnerable population, thereby contributing to their overall well-being. With a team of 10 employees, Lost And Found Pharmacy Inc is committed to making essential healthcare more accessible for those in need.
Official website here: www.lostandfoundrx.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 41%
Lost And Found Pharmacy Inc has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial management. The organization shows strong governance with a high percentage of independent board members and established policies, but it lacks transparency in financial reporting, with no financial statements available. Additionally, its program expense ratio is notably low, suggesting that funds may not be directed effectively towards its charitable mission.
User feedback from GreatNonprofits paints a more positive picture of the organization’s impact on the community. A client served by Lost And Found Pharmacy praised its ability to provide affordable medications, often at lower prices than standard copays. The pharmacy also features a soda fountain that contributes to a patient care fund and offers engaging community activities like story time and board game nights, enhancing its social role.
Despite the positive feedback from users, the significant deficiencies indicated by the Charity Navigator rating raise questions about the organization's overall financial health and operational transparency. Potential donors and supporters should consider these factors carefully when engaging with Lost And Found Pharmacy Inc.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Lost And Found Pharmacy Inc legitimate?
Lost And Found Pharmacy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lost And Found Pharmacy Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $43,007
Professional Fundraising Fees: $0
Other Salaries and Wages: $90,436
For more financial information, click here
Official website here: www.lostandfoundrx.com
What is the mission statement of Lost And Found Pharmacy Inc?
Lost and Found Pharmacy Inc's mission is centered around offering financial aid for pharmacy care to individuals who are uninsured or underinsured, with a particular focus on those falling into the "Medicare Gap." Their mission is carried out through the distribution of subsidies on prescriptions, aiming to provide much-needed assistance to these populations. The pharmacy's activities are geared towards alleviating the financial burden associated with pharmaceutical needs for those lacking adequate insurance coverage.
Official website here: www.lostandfoundrx.com
Who is the CEO of Lost And Found Pharmacy Inc?
Sean Parsons is the Vice President of Lost And Found Pharmacy Inc.
Official website here: www.lostandfoundrx.com
What is the revenue of Lost And Found Pharmacy Inc?
Lost And Found Pharmacy Inc's revenue in 2022 was $2,039,765.
Official website here: www.lostandfoundrx.com
Who are the executives of Lost And Found Pharmacy Inc and what are their salaries?
The average compensation at Lost And Found Pharmacy Inc during 2022 was $13,344. There are 10 employees and 8 volunteers at Lost And Found Pharmacy Inc.
Here are 6 key members and their salaries:
- Compensation: $29,775
- Related: $0
- Other: $0
- Compensation: $13,232
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.lostandfoundrx.com
Where can I find the form 990 for Lost And Found Pharmacy Inc?
Lost And Found Pharmacy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lostandfoundrx.com
Learn more at the official website: www.lostandfoundrx.com
Mission Statement of Lost And Found Pharmacy Inc
Lost and Found Pharmacy Inc is committed to a noble mission: providing financial aid for pharmacy care to individuals who are uninsured or under-insured, with a particular focus on those falling into the 'Medicare Gap.' This nonprofit organization strives to bridge the gap in healthcare accessibility by distributing subsidies directly on prescriptions, thereby making essential medication more affordable for those in need. By offering this financial assistance, Lost and Found Pharmacy Inc plays a crucial role in ensuring that no one is denied necessary medication due to lack of insurance coverage or insufficient coverage.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Lost And Found Pharmacy Inc significantly impacts the health and well-being of uninsured and under-insured individuals in the Pittsburgh area. By providing financial assistance for pharmacy care, the organization ensures that essential medications are accessible to those who might otherwise go without. Their financial aid program offers subsidies on prescriptions, alleviating the burden of medication costs for vulnerable populations, particularly adults who fall into the "Medicare Gap."
This initiative not only promotes better health outcomes by facilitating medication adherence but also serves to reduce the financial stress associated with healthcare expenses. By addressing the barriers to obtaining necessary prescriptions, Lost And Found Pharmacy Inc plays a critical role in enhancing overall community health and supporting individuals in their battle against illness. Through its services, the organization fosters a healthier, more equitable society by ensuring that everyone has the opportunity to receive the pharmacy care they need.
This information is meant to be a general summary of Lost And Found Pharmacy Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $2,039,765
Assets and Liabilities:
- Total Assets: $132,708
- Total Liabilities: $24,650
- Net Assets: $108,058
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2007
Phone
(412) 243-1369Principal Officer
Sean Parsons
Main Address
11555 Frankstown Road, Pittsburgh, PA, 15235
Website
www.lostandfoundrx.comNTEE Category
Code: E90 - Health
If you are a representative of Lost And Found Pharmacy Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.