Lifebanc FY2021 filing

Tax-deductible

Cleveland, OH501(c)(3)Since 1986EIN 34-1525159

Saving and healing lives through organ, eye and tissue donation.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$1.6M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $2.6M a year · 4% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.6M
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $34K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$10.0M
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$55.7M
+9% vs prior year
Spent
$51.3M
To programs
90%
Net assets
$41.7M
By yearFY2020–FY2024
Revenue
$55.7M
FY2021▲ +9%
Revenue by fiscal year
FY2020$51.0M
FY2021$55.7M
FY2022$62.3M
FY2023$79.3M
FY2024$39.2M
Expenses
$51.3M
FY2021▲ +10%
Expenses by fiscal year
FY2020$46.8M
FY2021$51.3M
FY2022$60.5M
FY2023$76.7M
FY2024$39.4M
Net assets
$41.7M
FY2021▲ +19%
Net assets by fiscal year
FY2020$35.2M
FY2021$41.7M
FY2022$39.7M
FY2023$45.0M
FY2024$47.6M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1986.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $46.2M Management & general 10% · $4.9M Fundraising 0% · $189K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

26 people listed on the 990; $1.6M paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Executive Officer
$512,419Pt VII · Sec A
Chief Operations Officer
$228,342Pt VII · Sec A
Chief Quality Officer
$221,331Pt VII · Sec A
Chief Talent Officer
$203,848Pt VII · Sec A
Director of Finance
$187,769Pt VII · Sec A
Director of Information Technology
$158,992Pt VII · Sec A
Director of Organ Services
$136,932Pt VII · Sec A
Treasurer/Chair of Finance
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Gordon Bowen$954,610$596,448$511,699$512,419$510,188
Micah Davis$377,603$316,336$229,201——
Debra Cooper$297,316$254,916$237,738$221,331$224,863
Heather Mekesa$284,277——$228,342$227,235
Barbara Drobney$279,042$228,585$203,249$187,769$193,814
Donna Ferchill$263,022$195,727———
Jeannie Sureck$249,284$194,422———
Heather Makesa—$228,637———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Save and heal lives through organ, eye, and tissue donation.

Provided by the organization

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2 program services account for $46.2M of program spending, described in the organization's own filed words · FY2021.
01

Since 1986, lifebanc has been the northeast ohio nonprofit organization working to save and heal lives through organ and tissue donation. Lifebanc began as one of the original organ procurement organizations in the united states and is a leader in the field and a highly respected organization regionally and nationally.

$45.9Mprogram expense
02

Annually, lifebanc volunteers and staff educate more than 100,000 students and adults in an effort to provide accurate information, engage the public and increase the number of registered organ, eye and tissue donors. Lifebanc also provides bereavement support and services to families touched by donation.

$274Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$34K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$55.7M
Ln 12
Fees for servicesLn 2g$54.6M
Other incomeLn 4–11$415K
Gifts and grantsLn 1h$358K
Money outPt IX
$51.3M
Ln 25
Programscol B$46.2M
Managementcol C$4.9M
Fundraisingcol D$189K
Owns and owesPt X
$41.7M
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$51.7M
LiabilitiesLn 26$10.0M
PeoplePt VI, VII
26
listed · VII A
PaidVII A7
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$358K
Fundraising eventsLn 1c$5K
Fees for servicesLn 2g$54.6M
Investment incomeLn 3$348K
Other incomeLn 4–11$415K
Total revenueLn 12$55.7M
Assets in detailPt X, end of year
CashLn 1$1.4M
SavingsLn 2$88K
Cash and savings togetherLn 1–2$1.5M
InvestmentsLn 11–13$27.3M
Land, buildings, equipmentLn 10c$12.0M
Total assetsLn 16$51.7M
LiabilitiesLn 26$10.0M
Net assetsLn 32$41.7M
OperationsPt I, VI
EmployeesI 5178
VolunteersI 6125
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$2.0M$1.5M
InvestmentsLn 11–13$20.6M$27.3M
Land, buildings, equipmentLn 10c$12.4M$12.0M
Total assetsLn 16$44.6M$51.7M
LiabilitiesLn 26$9.4M$10.0M
Net assetsLn 32$35.2M$41.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$763K$599K$164K
Other salaries and wagesLn 7$8.7M$6.8M$1.8M$39K
Pension plan contributionsLn 8$597K$414K$181K$1K
Other employee benefitsLn 9$1.9M$1.5M$408K$5K
Payroll taxesLn 10$774K$628K$142K$5K
Legal feesLn 11b$12K$12K
Lobbying feesLn 11d$22K$22K
Investment management feesLn 11f$97K$97K
Other fees for servicesLn 11g$372K$200K$151K$20K
Office expensesLn 13$189K$85K$103K$265
Information technologyLn 14$776K$20K$739K$18K
OccupancyLn 16$127K$79K$47K$423
Conferences, conventions and meetingsLn 19$38K$16K$23K
InterestLn 20$199K$124K$74K$662
Depreciation, depletion and amortizationLn 22$528K$330K$197K$2K
InsuranceLn 23$392K$392K
Other expenses (24a–d)Ln 24$35.1M$35.0M$92K$8K
All other expensesLn 24e$756K$405K$261K$91K
Total functional expensesLn 25$51.3M$46.2M$4.9M$189K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $39.2M$39.4M−$142K$47.6M 990 PDF
FY2023 $79.3M$76.7M$2.6M$45.0M 990 PDF
FY2022 $62.3M$60.5M$1.8M$39.7M 990 PDF
FY2021 Viewing $55.7M$51.3M$4.3M$41.7M 990 PDF
FY2020 $51.0M$46.8M$4.2M$35.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $55,677,520 across 8 lines filed
VIII-1c Fundraising events$5,267
VIII-1f All other contributions, gifts and grants$353,121
VIII-1h Total contributions, gifts and grants$358,388
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $54,555,971$54,555,971
VIII-3 Investment incomeExcluded from tax $347,824$347,824
VIII-8 Net income from fundraising eventsExcluded from tax $171,502$171,502
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $243,835$243,835
VIII-12 Total revenueRelated to mission $54,799,806 · Unrelated business $0 · Excluded from tax $519,326$55,677,520
Part IX · Statement of functional expenses $51,349,885 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $599,068 · Management $164,156$763,224
IX-7 Other salaries and wagesPrograms $6,791,932 · Management $1,835,740 · Fundraising $38,611$8,666,283
IX-8 Pension plan contributionsPrograms $414,454 · Management $180,824 · Fundraising $1,297$596,575
IX-9 Other employee benefitsPrograms $1,531,222 · Management $407,900 · Fundraising $5,031$1,944,153
IX-10 Payroll taxesPrograms $627,501 · Management $141,751 · Fundraising $4,791$774,043
IX-11b Legal feesManagement $11,710$11,710
IX-11d Lobbying feesManagement $21,600$21,600
IX-11f Investment management feesManagement $97,203$97,203
IX-11g Other fees for servicesPrograms $200,409 · Management $151,458 · Fundraising $19,870$371,737
IX-13 Office expensesPrograms $85,162 · Management $103,450 · Fundraising $265$188,877
IX-14 Information technologyPrograms $19,521 · Management $738,596 · Fundraising $18,052$776,169
IX-16 OccupancyPrograms $79,391 · Management $47,306 · Fundraising $423$127,120
IX-19 Conferences, conventions and meetingsPrograms $15,678 · Management $22,686$38,364
IX-20 InterestPrograms $124,147 · Management $73,974 · Fundraising $662$198,783
IX-22 Depreciation, depletion and amortizationPrograms $329,954 · Management $196,606 · Fundraising $1,759$528,319
IX-23 InsuranceManagement $391,979$391,979
IX-24 Other expenses (24a–d)Programs $34,997,670 · Management $92,316 · Fundraising $7,780$35,097,766
IX-24e All other expensesPrograms $404,693 · Management $260,713 · Fundraising $90,574$755,980
IX-25 Total functional expensesPrograms $46,220,802 · Management $4,939,968 · Fundraising $189,115$51,349,885
Part X · Balance sheet $51,744,175 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $1,924,403$1,430,132
X-2 Savings and temporary cash investmentsStart of year $79,944$87,920
X-4 Accounts receivableStart of year $8,731,481$10,093,302
X-8 Inventories for sale or useStart of year $312,857$344,758
X-9 Prepaid expenses and deferred chargesStart of year $484,175$477,004
X-10c Land, buildings and equipment, netStart of year $12,434,383$11,991,187
X-11 Publicly traded securitiesStart of year $17,403,782$23,178,254
X-12 Other securitiesStart of year $3,228,476$4,141,618
X-16 Total assetsStart of year $44,599,501$51,744,175
X-17 Accounts payable and accrued expensesStart of year $3,757,694$5,044,309
X-25 Other liabilitiesStart of year $496,621$247,449
X-26 Total liabilitiesStart of year $9,413,645$10,043,838
X-27 Net assets without donor restrictionsStart of year $35,085,856$41,700,337
X-28 Net assets with donor restrictionsStart of year $100,000$0
X-32 Total net assets or fund balancesStart of year $35,185,856$41,700,337
X-33 Total liabilities and net assetsStart of year $44,599,501$51,744,175
Part XI · Reconciliation of net assets $41,700,337 net assets at year end
XI-1 Total revenue$55,677,520
XI-2 Total expenses$51,349,885
XI-3 Revenue less expenses$4,327,635
XI-4 Net assets at start of year$35,185,856
XI-5 Net unrealized gains (losses) on investments$1,937,674
XI-9 Other changes in net assets$249,172
XI-10 Net assets at end of year$41,700,337

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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