Civic Intelligence

Lifenet Foundation

EIN 54-2015370 • 501(c)3 • Virginia Beach, VA

Profile

The lifenet health foundation is a charitable organization that raises funds to support the donor family services program of lifenet health, awareness programs which promote the vital need for donation and r&d efforts surrounding transplantation.

1864 Concert DriveVirginia Beach, VA 23453

www.lifenethealth.org

Siviq Scores

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

Liabilities / Assets

61st percentile

0.14x

Higher debt load relative to assets than 61% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

88th percentile

0.98x

Higher debt load relative to revenue than 88% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

95th percentile

72%

Higher net margin than 95% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

85th percentile

31%

Faster asset growth than 85% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

91st percentile

87%

Faster revenue growth than 91% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,648,840

Up $629,486 (+31%) from 2023

Liabilities

Up

$367,939

Up $358,936 (+3987%) from 2023

Net Assets

Up

$2,280,901

Up $270,550 (+13%) from 2023

Revenue

Up

$374,374

Up $174,440 (+87%) from 2023

Expenses

Up

$103,824

Up $645 (+0.6%) from 2023

Net Income

Up

$270,550

Up $173,795 (+180%) from 2023

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $496,266Liabilities 2010: $92010Assets 2011: $560,589Liabilities 2011: $517Net Assets 2011: $560,0722011Assets 2012: $795,850Liabilities 2012: $143,505Net Assets 2012: $652,3452012Assets 2013: $659,810Liabilities 2013: $8,911Net Assets 2013: $650,8992013Assets 2014: $788,981Liabilities 2014: $2,464Net Assets 2014: $786,5172014Assets 2015: $899,728Liabilities 2015: $7,346Net Assets 2015: $892,3822015Assets 2016: $1,025,434Liabilities 2016: $66,372Net Assets 2016: $959,0622016Assets 2017: $1,898,976Liabilities 2017: $363,573Net Assets 2017: $1,535,4032017Assets 2018: $1,607,255Liabilities 2018: $18,413Net Assets 2018: $1,588,8422018Assets 2019: $1,962,994Liabilities 2019: $282,210Net Assets 2019: $1,680,7842019Assets 2020: $1,764,992Liabilities 2020: $65,544Net Assets 2020: $1,699,4482020Assets 2021: $1,766,197Liabilities 2021: $9,504Net Assets 2021: $1,756,6932021Assets 2022: $1,924,814Liabilities 2022: $11,218Net Assets 2022: $1,913,5962022Assets 2023: $2,019,354Liabilities 2023: $9,003Net Assets 2023: $2,010,3512023Assets 2024: $2,648,840Liabilities 2024: $367,939Net Assets 2024: $2,280,9012024

Highlighted filing

2024

Assets$2,648,840
Liabilities$367,939
Net Assets$2,280,901

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2010: $123,018Expenses 2010: $11,156Net Income 2010: $111,8622010Revenue 2011: $142,581Expenses 2011: $78,766Net Income 2011: $63,8152011Expenses 2012: $60,7102012Revenue 2013: $115,104Expenses 2013: $116,550Net Income 2013: -$1,4462013Revenue 2014: $182,272Expenses 2014: $46,654Net Income 2014: $135,6182014Revenue 2015: $109,300Expenses 2015: $3,435Net Income 2015: $105,8652015Revenue 2016: $90,767Expenses 2016: $24,087Net Income 2016: $66,6802016Revenue 2017: $196,737Expenses 2017: $120,069Net Income 2017: $76,6682017Revenue 2018: $155,210Expenses 2018: $101,771Net Income 2018: $53,4392018Revenue 2019: $304,417Expenses 2019: $212,475Net Income 2019: $91,9422019Revenue 2020: $109,022Expenses 2020: $90,358Net Income 2020: $18,6642020Revenue 2021: $178,018Expenses 2021: $120,773Net Income 2021: $57,2452021Revenue 2022: $293,196Expenses 2022: $136,293Net Income 2022: $156,9032022Revenue 2023: $199,934Expenses 2023: $103,179Net Income 2023: $96,7552023Revenue 2024: $374,374Expenses 2024: $103,824Net Income 2024: $270,5502024

Highlighted filing

2024

Revenue$374,374
Expenses$103,824
Net Income$270,550

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.65$0.37$2.28$0.37$0.10$0.27
2023Detailed filing. Detailed filing data is available for this year.$2.02$0.01$2.01$0.20$0.10$0.10
2022Detailed filing. Detailed filing data is available for this year.$1.92$0.01$1.91$0.29$0.14$0.16
2021Detailed filing. Detailed filing data is available for this year.$1.77$0.01$1.76$0.18$0.12$0.06
2020Detailed filing. Detailed filing data is available for this year.$1.76$0.07$1.70$0.11$0.09$0.02
2019Detailed filing. Detailed filing data is available for this year.$1.96$0.28$1.68$0.30$0.21$0.09
2018Detailed filing. Detailed filing data is available for this year.$1.61$0.02$1.59$0.16$0.10$0.05
2017Detailed filing. Detailed filing data is available for this year.$1.90$0.36$1.54$0.20$0.12$0.08
2016Detailed filing. Detailed filing data is available for this year.$1.03$0.07$0.96$0.09$0.02$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.90$0.01$0.89$0.11$0.00$0.11
2014Detailed filing. Detailed filing data is available for this year.$0.79$0.00$0.79$0.18$0.05$0.14
2013Detailed filing. Detailed filing data is available for this year.$0.66$0.01$0.65$0.12$0.12$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.80$0.14$0.65$0.06
2011Summary only. Only limited summary data is available for this year.$0.56$0.00$0.56$0.14$0.08$0.06
2010Summary only. Only limited summary data is available for this year.$0.50$0.00$0.12$0.01$0.11
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 3, 2025
Return Version
2024v5.2
Gross Receipts
$737,760
Mission and Program Overview

Mission

The lifenet health foundation is a charitable organization that raises funds to support the donor family services program of lifenet health, awareness programs which promote the vital need for donation and r&d efforts surrounding transplantation.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,973,354$2,633,840▲ $660,486
Prepaid Expenses and Deferred Charges$46,000$15,000▼ $31,000
Total Assets$2,019,354$2,648,840▲ $629,486
Liabilities
Accounts Payable and Accrued Expenses$9,003$367,939▲ $358,936
Total Liabilities$9,003$367,939▲ $358,936
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,010,351$2,280,901▲ $270,550
Total Net Assets Fund Balance$2,010,351$2,280,901▲ $270,550
Total Liabilities and Net Assets / Fund Balance$2,019,354$2,648,840▲ $629,486
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mr Doug WilsonChair
Mr Rony ThomasBoard Member
Mr Gordon BerkstresserSecretary
Mr J Philip JonesTreasurer/CFO
Revenue and Support

Revenue Composition

Contributions and Grants
$435,031
Program Service Revenue
$0
Investment Income
$66,914
Other Revenue
$-127,571
All Other Contributions
$89,931
Change in Net Assets
$270,550
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$63,163
Other Expenses$40,661
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$63,163--$63,163
Other Expenses$34,837--$34,837
Travel$4,657--$4,657
Advertising$568--$568
Fees for Services Legal$300--$300
Insurance$225--$225
Office Expenses$74--$74
Total Functional Expenses$103,824$0$0$103,824
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Lifenet HealthVirginia Beach, VA501(c)(3)Donor Family Services$45,163
Lifenet Health NorthwestRenton, WA501(c)(3)Donor Family Services$10,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$363,386
Fundraising Gross Income$235,815
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Ldmf Gala$520,665$196,165$78,246$117,919
Golf Tournament$35,200$16,100$103$15,997
Total Events$580,915$235,815$363,386$-127,571
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

Members the sole member of the foundation is lifenet health, its parent organization. Lifenet health has the power to appoint, elect, and remove members of the foundation's governing body.

Form 990, Part VI, Section A, Line 7B

Member goverance reserved powers per the bylaws of the foundation, lifenet health has additional reserved powers including, but not limited to, matters concerning the purchase of real or personal property, the conduct of financial audits, the creation or acquisition of subsidiary organizations, and the amendment of the organizational documents.

Form 990, Part VI, Section B, Line 11B

990 review the company contracts with an independent accounting firm to complete the 990. The 990 is reviewed by the cfo and ceo prior to filing with the irs. The 990 is approved by the chairman of the board of directors as proxy for the full board per resolution of the board. Distribution of the 990 is transmitted to the full board before filing.

Form 990, Part VI, Section B, Line 12C

Conflict of interest policy the foundation adopts the policies of lifenet health - the foundation does not have separate policies specific to the entity. The foundation adopted lifenet health's conflict of interest policy (ga-120-011) designed to protect the company's interest when it is entering or contemplating entry into a transaction that might benefit the interest of its members. The policy covers all interested persons who are defined as any principal officer, board member, employee and their immediate family, and third parties that are involved in the decision making process and has a direct or indirect financial interest. Upon commencement and annually thereafter, officers and key employees must complete a "conflict of interest questionnaire and update whenever employee affiliations change. After disclosure of the financial interest, the compliance officer will investigate and determine the final actions necessary to address the conflict. Form 990, part vi, line 13: whistleblower policy the company has a whistleblower policy (ga-120-012) designed to promote and enable employees to raise issues internally before seeking resolution outside of the organization.

Form 990, Part VI, Section C, Line 19

Public disclosure of financial statements, etc. The company does not make its audited financial statements, conflict of interest policy or governing documents available to the public.

Filing and Contact Details

Filer

Filer Name
Lifenet Foundation
EIN
54-2015370
Phone
7574644761
Address
1864 CONCERT DRIVE, VIRGINIA BEACH, VA 23453

Signing Officer

Name
J Philip Jones
Title
Treasurer
Phone
7574644761
Signed
2025-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rony Thomas
Formed
1990
Legal Domicile
Va
Voting Board Members
4
Independent Board Members
1
Employees
0
Volunteers
122

Preparer

Firm
Kpmg Llp
Address
8350 BROAD STREET SUITE 900, MCLEAN, VA 22102
Preparer
Brian Kearns
Phone
7032868000
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 1:

The lifenet health foundation is a 501(c)3 charitable organization that is dedicated to raising funds for donor family support programs, public and professional awareness campaigns that promote the vital need for donation, and research and development efforts surrounding transplantation. Grants provide support for networking events for donor families, public and healthcare professional training and awareness of organ and tissue donation, and funding vital biomedical research in the field of transplantation. In 2024, the lifenet health foundation hosted a gala, 5k walk/run, golf classic tournament, and employee contribution campaign that funded community education for hospital memorials, numerous donor family networking events and programs to assist donor families through the grieving and healing process of losing their loved one.

FORM 990, PART III, LINE 1:

The lifenet health foundation is a 501(c)3 charitable organization that is dedicated to raising funds for donor family support programs, public and professional awareness campaigns that promote the vital need for donation, and research and development efforts surrounding transplantation. Grants provide support for networking events for donor families, public and healthcare professional training and awareness of organ and tissue donation, and funding vital biomedical research in the field of transplantation. In 2024, the lifenet health foundation hosted a gala, 5k walk/run, golf classic tournament, and employee contribution campaign that funded community education for hospital memorials, numerous donor family networking events and programs to assist donor families through the grieving and healing process of losing their loved one.

Financial Statement Notes

PART X, LINE 2:

The company applies the provisions of fasb asc topic 740, income taxes, in accounting for uncertainty in income taxes. Asc topic 740 provides guidance on when tax positions are recognized in an entity's financial statements and how the values of these positions are determined. There is currently no impact on the consolidated financial statements as a result of the application of asc topic 740.

Raw XML AppendixShowing 400 of 533 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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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0175731
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt02219
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IRS990ScheduleA/InvestmentIncomeCYPct00.04280
IRS990ScheduleA/InvestmentIncomePYPct00.01300
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.95720
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02012400
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COMPANY APPLIES THE PROVISIONS OF FASB ASC TOPIC 740, INCOME TAXES, IN ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. ASC TOPIC 740 PROVIDES GUIDANCE ON WHEN TAX POSITIONS ARE RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND HOW THE VALUES OF THESE POSITIONS ARE DETERMINED. THERE IS CURRENTLY NO IMPACT ON THE CONSOLIDATED FINANCIAL STATEMENTS AS A RESULT OF THE APPLICATION OF ASC TOPIC 740.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
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IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt019100
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt01500
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IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt018800
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt018800
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0LDMF GALA
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0GOLF TOURNAMENT
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IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt09107
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageOtherEventsAmt0159
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt025050
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0580915
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0196165
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt016100
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt023550
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0235815
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-127571
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt0634
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IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
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IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt08320
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt058340
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt045163
IRS990ScheduleI/RecipientTable/CashGrantAmt110000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0DONOR FAMILY SERVICES
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1DONOR FAMILY SERVICES
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0LIFENET HEALTH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1LIFENET HEALTH NORTHWEST
IRS990ScheduleI/RecipientTable/RecipientEIN0521273592
IRS990ScheduleI/RecipientTable/RecipientEIN1800798511
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01864 CONCERT DRIVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1501 SW 39TH STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0VIRGINIA BEACH
IRS990ScheduleI/RecipientTable/USAddress/CityNm1RENTON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1WA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd023453
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd198057
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANT MONITORING GRANTS ARE SUBMITTED BY THE REQUESTOR TO THE CHAIRMAN OF THE LIFENET HEALTH FOUNDATION FOR INCLUSION ON THE FOUNDATION'S AGENDA. THE GRANTS ARE EVALUATED BY THE FOUNDATION TO DETERMINE ALLIANCE TO THE MISSION AND FOR ANTICIPATED BENEFIT AND PURPOSE. DETERMINATION OF APPROVAL OR REJECTION IS RECORDED IN THE MINUTES OF THE FOUNDATION AND COMMUNICATED TO THE REQUESTOR BY THE SECRETARY OF THE FOUNDATION.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
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IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt1193316
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt2133000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt01129919
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1548573
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt2218740
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt29364
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MR RONY THOMAS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1MR DOUG WILSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2MR J PHILIP JONES
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0BOARD MEMBER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CHAIR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2TREASURER/CFO
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IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN THE FOLLOWING INDIVIDUALS RECEIVED A PAYOUT FROM A NONQUALIFIED RETIREMENT PLAN IN 2024. THE AMOUNT WAS INCLUDED IN THEIR W-2 WAGES. RONY THOMAS $212,360 DOUG WILSON $186,777 THE FOLLOWING INDIVIDUALS HAD AMOUNTS DEFERRED INTO A NONQUALIFIED RETIREMENT PLAN IN 2024: RONY THOMAS $500,000 J. PHILIP JONES $175,000 DOUG WILSON $175,000
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 4B
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE LIFENET HEALTH FOUNDATION IS A 501(C)3 CHARITABLE ORGANIZATION THAT IS DEDICATED TO RAISING FUNDS FOR DONOR FAMILY SUPPORT PROGRAMS, PUBLIC AND PROFESSIONAL AWARENESS CAMPAIGNS THAT PROMOTE THE VITAL NEED FOR DONATION, AND RESEARCH AND DEVELOPMENT EFFORTS SURROUNDING TRANSPLANTATION. GRANTS PROVIDE SUPPORT FOR NETWORKING EVENTS FOR DONOR FAMILIES, PUBLIC AND HEALTHCARE PROFESSIONAL TRAINING AND AWARENESS OF ORGAN AND TISSUE DONATION, AND FUNDING VITAL BIOMEDICAL RESEARCH IN THE FIELD OF TRANSPLANTATION. IN 2024, THE LIFENET HEALTH FOUNDATION HOSTED A GALA, 5K WALK/RUN, GOLF CLASSIC TOURNAMENT, AND EMPLOYEE CONTRIBUTION CAMPAIGN THAT FUNDED COMMUNITY EDUCATION FOR HOSPITAL MEMORIALS, NUMEROUS DONOR FAMILY NETWORKING EVENTS AND PROGRAMS TO ASSIST DONOR FAMILIES THROUGH THE GRIEVING AND HEALING PROCESS OF LOSING THEIR LOVED ONE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE LIFENET HEALTH FOUNDATION IS A 501(C)3 CHARITABLE ORGANIZATION THAT IS DEDICATED TO RAISING FUNDS FOR DONOR FAMILY SUPPORT PROGRAMS, PUBLIC AND PROFESSIONAL AWARENESS CAMPAIGNS THAT PROMOTE THE VITAL NEED FOR DONATION, AND RESEARCH AND DEVELOPMENT EFFORTS SURROUNDING TRANSPLANTATION. GRANTS PROVIDE SUPPORT FOR NETWORKING EVENTS FOR DONOR FAMILIES, PUBLIC AND HEALTHCARE PROFESSIONAL TRAINING AND AWARENESS OF ORGAN AND TISSUE DONATION, AND FUNDING VITAL BIOMEDICAL RESEARCH IN THE FIELD OF TRANSPLANTATION. IN 2024, THE LIFENET HEALTH FOUNDATION HOSTED A GALA, 5K WALK/RUN, GOLF CLASSIC TOURNAMENT, AND EMPLOYEE CONTRIBUTION CAMPAIGN THAT FUNDED COMMUNITY EDUCATION FOR HOSPITAL MEMORIALS, NUMEROUS DONOR FAMILY NETWORKING EVENTS AND PROGRAMS TO ASSIST DONOR FAMILIES THROUGH THE GRIEVING AND HEALING PROCESS OF LOSING THEIR LOVED ONE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS THE SOLE MEMBER OF THE FOUNDATION IS LIFENET HEALTH, ITS PARENT ORGANIZATION. LIFENET HEALTH HAS THE POWER TO APPOINT, ELECT, AND REMOVE MEMBERS OF THE FOUNDATION'S GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MEMBER GOVERANCE RESERVED POWERS PER THE BYLAWS OF THE FOUNDATION, LIFENET HEALTH HAS ADDITIONAL RESERVED POWERS INCLUDING, BUT NOT LIMITED TO, MATTERS CONCERNING THE PURCHASE OF REAL OR PERSONAL PROPERTY, THE CONDUCT OF FINANCIAL AUDITS, THE CREATION OR ACQUISITION OF SUBSIDIARY ORGANIZATIONS, AND THE AMENDMENT OF THE ORGANIZATIONAL DOCUMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4990 REVIEW THE COMPANY CONTRACTS WITH AN INDEPENDENT ACCOUNTING FIRM TO COMPLETE THE 990. THE 990 IS REVIEWED BY THE CFO AND CEO PRIOR TO FILING WITH THE IRS. THE 990 IS APPROVED BY THE CHAIRMAN OF THE BOARD OF DIRECTORS AS PROXY FOR THE FULL BOARD PER RESOLUTION OF THE BOARD. DISTRIBUTION OF THE 990 IS TRANSMITTED TO THE FULL BOARD BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONFLICT OF INTEREST POLICY THE FOUNDATION ADOPTS THE POLICIES OF LIFENET HEALTH - THE FOUNDATION DOES NOT HAVE SEPARATE POLICIES SPECIFIC TO THE ENTITY. THE FOUNDATION ADOPTED LIFENET HEALTH'S CONFLICT OF INTEREST POLICY (GA-120-011) DESIGNED TO PROTECT THE COMPANY'S INTEREST WHEN IT IS ENTERING OR CONTEMPLATING ENTRY INTO A TRANSACTION THAT MIGHT BENEFIT THE INTEREST OF ITS MEMBERS. THE POLICY COVERS ALL INTERESTED PERSONS WHO ARE DEFINED AS ANY PRINCIPAL OFFICER, BOARD MEMBER, EMPLOYEE AND THEIR IMMEDIATE FAMILY, AND THIRD PARTIES THAT ARE INVOLVED IN THE DECISION MAKING PROCESS AND HAS A DIRECT OR INDIRECT FINANCIAL INTEREST. UPON COMMENCEMENT AND ANNUALLY THEREAFTER, OFFICERS AND KEY EMPLOYEES MUST COMPLETE A "CONFLICT OF INTEREST QUESTIONNAIRE AND UPDATE WHENEVER EMPLOYEE AFFILIATIONS CHANGE. AFTER DISCLOSURE OF THE FINANCIAL INTEREST, THE COMPLIANCE OFFICER WILL INVESTIGATE AND DETERMINE THE FINAL ACTIONS NECESSARY TO ADDRESS THE CONFLICT. FORM 990, PART VI, LINE 13: WHISTLEBLOWER POLICY THE COMPANY HAS A WHISTLEBLOWER POLICY (GA-120-012) DESIGNED TO PROMOTE AND ENABLE EMPLOYEES TO RAISE ISSUES INTERNALLY BEFORE SEEKING RESOLUTION OUTSIDE OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PUBLIC DISCLOSURE OF FINANCIAL STATEMENTS, ETC. THE COMPANY DOES NOT MAKE ITS AUDITED FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY OR GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART I, LINE 1:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART III, LINE 1:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0LIFENET HEALTH

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