Liabilities / Assets
61st percentile
Higher debt load relative to assets than 61% of similar nonprofits.
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.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
61st percentile
Higher debt load relative to assets than 61% of similar nonprofits.
Liabilities / Revenue
88th percentile
Higher debt load relative to revenue than 88% of similar nonprofits.
Net Margin
95th percentile
Higher net margin than 95% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
85th percentile
Faster asset growth than 85% of similar nonprofits.
Revenue Growth
91st percentile
Faster revenue growth than 91% of similar nonprofits.
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
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
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
| Line | Beginning | End | Change |
|---|---|---|---|
| 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 |
| Name | Title |
|---|---|
| Mr Doug Wilson | Chair |
| Mr Rony Thomas | Board Member |
| Mr Gordon Berkstresser | Secretary |
| Mr J Philip Jones | Treasurer/CFO |
| Line Item | Amount |
|---|---|
| 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 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| 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 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Lifenet Health | Virginia Beach, VA | 501(c)(3) | Donor Family Services | $45,163 |
| Lifenet Health Northwest | Renton, WA | 501(c)(3) | Donor Family Services | $10,000 |
| Line Item | Amount |
|---|---|
| Fundraising Direct Expenses | $363,386 |
| Fundraising Gross Income | $235,815 |
| Professional Fundraising Fees | $0 |
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net 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 |
“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.”
“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.”
“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.”
“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.”
“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.”
“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.”
“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.”
“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.”
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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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | 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. |
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| IRS990ScheduleI/RecipientTable/CashGrantAmt | 1 | 10000 |
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| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 1 | 501(C)(3) |
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| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 0 | DONOR FAMILY SERVICES |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 1 | DONOR FAMILY SERVICES |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 0 | LIFENET HEALTH |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 1 | LIFENET HEALTH NORTHWEST |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 0 | 521273592 |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 1 | 800798511 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 0 | 1864 CONCERT DRIVE |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 1 | 501 SW 39TH STREET |
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| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 1 | RENTON |
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| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 1 | WA |
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| IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt | 0 | GRANT 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. |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 1 | MR DOUG WILSON |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 2 | MR J PHILIP JONES |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | BOARD MEMBER |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 1 | CHAIR |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 2 | TREASURER/CFO |
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| IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt | 0 | SUPPLEMENTAL 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/FormAndLineReferenceDesc | 0 | PART I, LINE 4B |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | 1 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART I, LINE 1: |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART III, LINE 1: |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION A, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION A, LINE 7B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART VI, SECTION C, LINE 19 |
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| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt | 0 | LIFENET HEALTH |
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