Civic Intelligence

New England Organ Bank Inc

EIN 23-7024479 • 501(c)3 • Waltham, MA

Profile

Neob's mission is to save and enhance lives through organ and tissue donation. Neob's vision is to be a leader in the development and implementation of strategies to increase the life saving and life enhancing gifts of organ and tissue donation through effective relationships with our clinical partners, donor families and communities we serve.

60 First AvenueWaltham, MA 02451

www.neob.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

29th percentile

0.10x

Higher debt load relative to assets than 29% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

16th percentile

0.09x

Higher debt load relative to revenue than 16% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

63rd percentile

9.9%

Higher net margin than 63% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

70th percentile

$751,068

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

90th percentile

26%

Faster asset growth than 90% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

42nd percentile

5.4%

Faster revenue growth than 42% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Up

$86,378,416

Up $26,988,740 (+45%) from 2022

Liabilities

Up

$8,872,645

Up $6,393,148 (+258%) from 2022

Net Assets

Up

$77,505,771

Up $20,595,592 (+36%) from 2022

Revenue

Down

$99,433,812

Down $130,761 (-0.1%) from 2022

Expenses

Down

$89,581,439

Down $2,957,836 (-3.2%) from 2022

Net Income

Up

$9,852,373

Up $2,827,075 (+40%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100M$50M$0Assets 2010: $25,564,922Liabilities 2010: $6,597,432Net Assets 2010: $18,967,4902010Assets 2011: $24,939,962Liabilities 2011: $6,298,879Net Assets 2011: $18,641,0832011Assets 2012: $25,771,584Liabilities 2012: $5,937,930Net Assets 2012: $19,833,6542012Assets 2013: $27,928,700Liabilities 2013: $5,598,606Net Assets 2013: $22,330,0942013Assets 2014: $34,243,406Liabilities 2014: $9,501,239Net Assets 2014: $24,742,1672014Assets 2015: $32,846,156Liabilities 2015: $7,133,751Net Assets 2015: $25,712,4052015Assets 2016: $35,764,290Liabilities 2016: $7,364,443Net Assets 2016: $28,399,8472016Assets 2017: $35,558,017Liabilities 2017: $2,455,454Net Assets 2017: $33,102,5632017Assets 2018: $35,606,649Liabilities 2018: $2,259,714Net Assets 2018: $33,346,9352018Assets 2019: $39,954,130Liabilities 2019: $2,250,917Net Assets 2019: $37,703,2132019Assets 2021: $52,785,604Liabilities 2021: $47,000Net Assets 2021: $52,738,6042021Assets 2022: $59,389,676Liabilities 2022: $2,479,497Net Assets 2022: $56,910,1792022Assets 2024: $86,378,416Liabilities 2024: $8,872,645Net Assets 2024: $77,505,7712024

Highlighted filing

2024

Assets$86,378,416
Liabilities$8,872,645
Net Assets$77,505,771

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100M$50M$0Expenses 2010: $38,769,9122010Expenses 2011: $41,518,7592011Expenses 2012: $38,745,4082012Expenses 2013: $40,151,0272013Revenue 2014: $47,005,566Expenses 2014: $44,850,395Net Income 2014: $2,155,1712014Revenue 2015: $50,396,941Expenses 2015: $48,690,127Net Income 2015: $1,706,8142015Revenue 2016: $56,571,224Expenses 2016: $53,773,510Net Income 2016: $2,797,7142016Revenue 2017: $49,493,884Expenses 2017: $47,549,367Net Income 2017: $1,944,5172017Revenue 2018: $50,566,018Expenses 2018: $49,540,419Net Income 2018: $1,025,5992018Revenue 2019: $58,603,341Expenses 2019: $54,247,063Net Income 2019: $4,356,2782019Revenue 2021: $84,095,141Expenses 2021: $78,392,823Net Income 2021: $5,702,3182021Revenue 2022: $99,564,573Expenses 2022: $92,539,275Net Income 2022: $7,025,2982022Revenue 2024: $99,433,812Expenses 2024: $89,581,439Net Income 2024: $9,852,3732024

Highlighted filing

2024

Revenue$99,433,812
Expenses$89,581,439
Net Income$9,852,373

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$86.4$8.87$77.5$99.4$89.6$9.85
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$59.4$2.48$56.9$99.6$92.5$7.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$52.8$0.05$52.7$84.1$78.4$5.70
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$40.0$2.25$37.7$58.6$54.2$4.36
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.6$2.26$33.3$50.6$49.5$1.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.6$2.46$33.1$49.5$47.5$1.94
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.8$7.36$28.4$56.6$53.8$2.80
2015Detailed filing. Detailed filing data is available for this year.$32.8$7.13$25.7$50.4$48.7$1.71
2014Detailed filing. Detailed filing data is available for this year.$34.2$9.50$24.7$47.0$44.9$2.16
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.9$5.60$22.3$40.2
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.8$5.94$19.8$38.7
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.9$6.30$18.6$41.5
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.6$6.60$19.0$38.8
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 10, 2025
Return Version
2024v5.2
Gross Receipts
$105,559,417
Mission and Program Overview

Mission

Neob's mission is to save and enhance lives through organ and tissue donation. Neob's vision is to be a leader in the development and implementation of strategies to increase the life saving and life enhancing gifts of organ and tissue donation through effective relationships with our clinical partners, donor families and communities we serve.

To save and heal lives through organ and tissue donation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$16,619,725$24,073,902▲ $7,454,177
Cash and Non-Interest-Bearing Accounts$13,424,137$13,916,364▲ $492,227
Prepaid Expenses and Deferred Charges$56,235$68,735▲ $12,500
Land, Buildings, and Equipment, Net$351,567$51,858▼ $299,709
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$68,345,734$86,378,416▲ $18,032,682
Other Assets Total$37,894,070$48,267,557▲ $10,373,487
Liabilities
Other Liabilities$1,917,667$8,872,645▲ $6,954,978
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$1,917,667$8,872,645▲ $6,954,978
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$66,428,067$77,505,771▲ $11,077,704
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$66,428,067$77,505,771▲ $11,077,704
Total Liabilities and Net Assets / Fund Balance$68,345,734$86,378,416▲ $18,032,682

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$32,342$4,077,203$4,109,545
Equipment$15,020$544,357$559,377
Other Land Buildings$4,496$384,658$389,154
Other Assets Org$472,708--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kevin SmithChair & Trustee
Alexandra K Glazier EsqPresident & CEO
Lindsay MartinVice Chair & Trustee
Janice MayforthAsst. Treasurer & Trustee
Valerie FleishmanSecretary & Trustee
Frederick SorboTreasurer & Trustee
David TrullTrustee
Heung Bae Kim MdTrustee
Hon Geoffrey CrawfordTrustee
I Glenn Cohen JdTrustee
Judith PepeTrustee
Khalilah Brown-deanTrustee
Marisol FelicianoTrustee
Mary GallagherTrustee
Robert SkinnerTrustee
Sunil Eappen MdTrustee
Dara L WashburnChief Financial Officer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$97,654,731
Investment Income
$1,779,081
Other Revenue
$0
Change in Net Assets
$9,852,373
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$89,581,439
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$24,789,787$55,000-$24,844,787
Other Expenses$7,508,322$0$0$7,508,322
Depreciation Depletion-$299,709-$299,709
Occupancy$33,877$248,907-$282,784
Fees for Service Investment Mgmnt Fees-$58,009-$58,009
Office Expenses-$1,000-$1,000
Total Functional Expenses$74,499,940$15,081,499$0$89,581,439
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$8,872,645
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION B, LINE 11B:

Management works with independent auditors to assist in preparation and review of the form 990 and required disclosures. Upon its completion it is reviewed in detail by management and is presented to the board of trustees before submission.

FORM 990, PART VI, SECTION B, LINE 12C:

There is an annual conflict of interest process using a detailed disclosure form that must be completed by all board of trustee members, audit and finance committee members, officers and all employees. This process is overseen by the compliance officer.

FORM 990, PART VI, SECTION B, LINE 15A:

There is an executive compensation committee which is a sub-committee of the board of trustees. On an annual basis, this committee is tasked with performing the annual review of the president & ceo. The president & ceo does have a written employment contract. The committee utilizes the services of independent compensation consultants who prepare a compensation survey and provides advice to the committee regarding compensation incentives and structures. This committee makes recommendations to the full board of trustees for determining incentive compensation in accordance with the employment contract. The consultants also assists in setting salary ranges in accordance with a market survey.

FORM 990, PART VI, SECTION B, LINE 18:

The organization's form 990 is available to the public upon request.

FORM 990, PART VI, SECTION C, LINE 19:

The organization's conflict of interest policy, governing documents and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
New England Organ Bank Inc
EIN
23-7024479
In Care Of
% DARA L WASHBURN
Phone
8004466362
Address
60 First Avenue, Waltham, MA 02451

Signing Officer

Name
Alexandra Glazier
Title
President & CEO
Phone
8004466362
Signed
2025-10-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alexandra Glazier
Formed
1968
Legal Domicile
Ma
Voting Board Members
15
Independent Board Members
14
Employees
0
Volunteers
1,000

Preparer

Firm
Bdo USA
Address
ONE INTERNATIONAL PLACE, BOSTON, MA 02110
Preparer
Brian Vigneault
Phone
6174220700
Supplemental Narrative

Additional Explanations

GENERAL STATEMENT:

New england donor services, inc. (neds) is the sole corporate member of new england organ bank, inc. (neob), an organ procurement organization (opo). The financial statements for the two corporations, neds and neob, are presented on a consolidated basis while each of the organizations continues to file an individual irs form 990 in compliance with irs regulations.

Form 990 Part IX Line 24 - Other Expenses

Description:medical supplies total expenses:6305866 program services:6305866 management and general:fundraising:

Form 990 Part IX Line 24 - Other Expenses

Description:alloc. Of other shared sv total expenses:5965109 program services:5965109 management and general:fundraising:

Form 990 Part IX Line 24 - Other Expenses

Description:transportation total expenses:4690890 program services:4690890 management and general:fundraising:

Form 990 Part IX Line 24 - Other Expenses

Description:professional fees total expenses:3831094 program services:3831094 management and general:fundraising:

Form 990 Part IX Line 24 - Other Expenses

Description:donor testing total expenses:3050490 program services:3050490 management and general:fundraising:

Form 990 Part IX Line 24 - Other Expenses

Description:tissue typing services total expenses:946338 program services:946338 management and general:fundraising:

Form 990 Part IX Line 24 - Other Expenses

Description:dues and memberships total expenses:55000 program services:management and general:55000 fundraising:

Financial Statement Notes

SCHEDULE D, PART X, LINE 2:

New england organ bank, inc. Is a not-for-profit corporation that has been recognized as tax-exempt pursuant to section 501(c)(3) of the internal revenue code (the "code") and is exempt from federal income taxes on related income pursuant to section 501(a) of the code. The organization is classified as a public charity. Under asc 740, an organization must recognize the financial statement effects of a tax position taken for tax return purposes when it is more likely than not that the position will not be sustained upon examination by a taxing authority. The organization does not believe it has taken any material uncertain tax positions, and accordingly, it has not recorded any liability for unrecognized tax benefits. The organization has filed for and received income tax exemptions in the jurisdictions where it is required to do so. Additionally, the organization has filed all applicable returns in jurisdictions where so required. For the years ended december 31, 2024, and 2023, there were no interest or penalties recorded or included in the consolidated statements of operations.

Raw XML AppendixShowing 400 of 679 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0TO SAVE AND HEAL LIVES THROUGH ORGAN AND TISSUE DONATION.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt055000
IRS990/AllOtherExpensesGrp/ProgramServicesAmt024789787
IRS990/AllOtherExpensesGrp/TotalAmt024844787
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IRS990/Desc0THE ORGAN DONATION SERVICES PROGRAM AT NEW ENGLAND ORGAN BANK, INC. IS DESIGNED TO EFFECTIVELY COORDINATE AND MAXIMIZE THE DONATION OF ORGANS FOR TRANSPLANT IN NEW ENGLAND ORGAN BANK, INC'S DESIGNATED SERVICE AREA. IN ORDER TO FULFILL THIS CORE MISSION AS AN ORGAN PROCUREMENT ORGANIZATION, COORDINATORS ARE AVAILABLE 24 HOURS A DAY TO RESPOND ONSITE AT HOSPITALS WITHIN NEW ENGLAND ORGAN BANK, INC. SERVICE AREA WHEN A POTENTIAL ORGAN DONOR HAS BEEN REFERRED AND IDENTIFIED. THIS INCLUDES EVALUATING EVERY POTENTIAL ORGAN DONOR'S SUITABILITY FOR ORGAN DONATION, OBTAINING AUTHORIZATION FROM, OR DISCLOSING A DONOR'S REGISTERED STATUS TO, THE DONOR LEGAL NEXT OF KIN, MAINTAINING CLINICAL SUPPORT THROUGHOUT THE ORGAN RECOVERY PROCESS, AND MANAGING THE COMPLEX LOGISTICS OF THE SURGICAL RECOVERY, PRESERVATION, PACKAGING, TRANSPORTATION AND APPROPRIATE ALLOCATION OF DONATED ORGANS TO RECIPIENTS. AS PART OF THIS SERVICE, COORDINATORS PROVIDE SUPPORT AND INFORMATION ABOUT DONATION TO FAMILIES. IF A PATIENT AUTHORIZED DONATION THROUGH A DONOR REGISTRY, THE COORDINATORS WORK WITH THE FAMILY TO CARRY-OUT THE PATIENT'S DECISION. IF THE PATIENT HAD NOT MADE A DONATION DECISION, THE COORDINATORS WORK WITH FAMILY TO OBTAIN AUTHORIZATION FOR DONATION. THE ORGAN DONATION SERVICES PROGRAM IS FOCUSED ON INCREASING THE NUMBER OF ORGANS AVAILABLE FOR TRANSPLANTATION BY INCREASING THE CONVERSION RATE OF POTENTIAL ORGAN DONORS TO ACTUAL ORGAN DONORS AND BY MAXIMIZING THE PLACEMENT OF ORGANS FOR TRANSPLANT. THE NEW ENGLAND ORGAN BANK, INC. SERVES FOURTEEN TRANSPLANT CENTERS. NEW ENGLAND ORGAN BANK, INC. ALLOCATES ORGANS FOR TRANSPLANT REGIONALLY AND NATIONALLY THROUGH OPTN NATIONAL SYSTEM. DURING 2024, THERE WERE 648 ORGAN DONORS, 2,027 ORGANS WERE RECOVERED, AND 1,570 ORGANS WERE TRANSPLANTED.
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