Lifeflight Foundation

“On July 23, 2023, The LifeFlight Foundation (LFF) entered into an employee leasing agreement with LifeFlight of Maine LLC, through which LFF provides LifeFlight of Maine with marketing and fundraising support services. This employee leasing agreement replaced that which had been in place with Affiliated Healthcare Management (AHM) for the same subcontracted services. Pursuant to this agreement, the following compensation information is disclosed as follows: Kathleen O'Halloran, Executive Director of LFF, received $121,703 during calendar year 2023 as compensation and benefits from AFM for the services she provided (for the period 1/1/2023-7/22/2023). She received $74,890 during calendar year 2023 as compensation and benefits from LifeFlight of Maine for the services she provided (for the period 07/23/2023 -12/31/2023).”

“Prior to filing, the Form 990 is reviewed by the Executive Committee of the Board of Trustees.”

“The Organization monitors and enforces compliance with the conflict of interest policy by requiring all officers and trustees and employees to sign the policy annually.”

“The Executive Committee (the "Committee") of the Foundation Board of Trustees determines the Executive Director's ("Director") compensation on an annual basis within the parameters of a written contract with the Director and based upon discretionary factors as the Committee determines are appropriate.”

“The Organization makes its governing documents, conflict of interest policy and financial statements available upon request.”

“The Organization does not have employees. The Organization leases all employees.”

“The LifeFlight Foundation (LFF) supports LifeFlight of Maine (LOM) in the provision of emergent critical care medical services to patients needing specialized care throughout Maine and, under mutual aid, the other states of Northern New England. LOM provides services to critically ill and injured patients regardless of insurance coverage and ability to pay for the cost of medical care. LFF provides financial support for capital projects, such as: 1. Fleet acquisition and replacement parts; 2. Specialized medical equipment used on LOM helicopters, the airplane, and specialized ground vehicles; 3. Aviation infrastructure improvements such as hospital helipads, automated weather systems, runway cameras, and low-level instrument flight infrastructure; 4. Support for LifeFlight's education programs, such as the Critical Care Academy and high-fidelity medical simulation provided by LOM to physicians, physician extenders, nurses, paramedics, and emergency medical technicians throughout the state. 5. Temporary support (in most cases, up to three years) for new programs and positions. Additionally, the Foundation is responsible for all marketing and communication initiatives for both organizations.”

“Section 1.263(a)-3(n) Election: LifeFlight Foundation PO Box 859 Augusta, ME 04332 EIN 52-2377085 LifeFlight Foundation is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n).”

“Change In Value of Beneficial Interest in Funds Held by Others 71,317.”