Lifenet Foundation: Nonprofit Profile, Financials & Form 990 (EIN 54-2015370)

Revenue by fiscal year
FY2020	$109K
FY2021	$178K
FY2022	$293K
FY2023	$200K
FY2024	$374K

Expenses by fiscal year
FY2020	$90K
FY2021	$121K
FY2022	$136K
FY2023	$103K
FY2024	$104K

Net assets by fiscal year
FY2020	$1.7M
FY2021	$1.8M
FY2022	$1.9M
FY2023	$2.0M
FY2024	$2.3M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2001.

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

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $104K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation

Mr Doug Wilson

Chair

$0Pt VII · Sec A

Mr Rony Thomas

Board Member

$0Pt VII · Sec A

Mr J Philip Jones

Treasurer/CFO

$0Pt VII · Sec A

Mr Gordon Berkstresser

Secretary

$0Pt VII · Sec A

See Lifenet Foundation executive salaries →

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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 15aNo

Programs and updates

Provides grief services and public education materials to the general public.

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Provided by the organization

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1 program · $104K · in their own filed words · FY2024

01

Sponsored grief services and purchased public education materials for distribution to the general public.

$104Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid

Grants received · FY2024

Fidelity Investments Charitable Gift FundFY2024$21K

Total grants receivedfrom 1 funder$21K

Grants paid · 17 grants · $313K · 2020–2024

Lifenet HealthVA · FY2024$45,163

Lifenet Health NorthwestFY2024$10,000

Lifenet HealthVA · FY2023$20,158

Lifenet Health NorthwestFY2023$10,000

Florida Tissue Services INCVA · FY2023$9,625

Lifenet HealthVA · FY2022$54,880

Florida Tissue Services INCVA · FY2022$14,700

Lifenet Health NorthwestFY2022$11,700

The Sarah Michelle Peterson FoundationVA · FY2022$5,000

Lifenet HealthVA · FY2021$46,005

Lifenet Health NorthwestFY2021$9,400

Florida Tissue Services INCVA · FY2021$8,000

Lifenet HealthVA · FY2020$34,000

Bon Secours Memorial Regional Medical CenterFY2020$8,500

Centra Health INCVA · FY2020$8,500

Henrico's Doctors HospitalFY2020$8,500

Chippenham & Johnson-Willis Hospital INCFY2020$8,500

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$374K

Ln 12

Gifts and grantsLn 1h$435K

Investment incomeLn 3$67K

Money outPt IX

$104K

Ln 25

Programscol B$104K

Owns and owesPt X

$2.3M

net assets · Ln 32

Cash and savingsLn 1–2$2.6M

Total assetsLn 16$2.6M

LiabilitiesLn 26$368K

PeoplePt VI, VII

4

listed · VII A

PaidVII A0

Voting boardVI 1a4

IndependentVI 1b1

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$435K

Fundraising eventsLn 1c$345K

Investment incomeLn 3$67K

Total revenueLn 12$374K

Assets in detailPt X, end of year

CashLn 1$2.6M

Cash and savings togetherLn 1–2$2.6M

Total assetsLn 16$2.6M

LiabilitiesLn 26$368K

Net assetsLn 32$2.3M

OperationsPt I, VI

EmployeesI 50

VolunteersI 650

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$2.0M	$2.6M
Total assetsLn 16	$2.0M	$2.6M
LiabilitiesLn 26	$9K	$368K
Net assetsLn 32	$2.0M	$2.3M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$63K	$63K
Legal feesLn 11b	$300	$300
Advertising and promotionLn 12	$568	$568
Office expensesLn 13	$74	$74
TravelLn 17	$5K	$5K
InsuranceLn 23	$225	$225
Other expenses (24a–d)Ln 24	$35K	$35K
Total functional expensesLn 25	$104K	$104K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$374K	$104K	$271K	$2.3M	990 PDF
FY2023	$200K	$103K	$97K	$2.0M	990 PDF
FY2022	$293K	$136K	$157K	$1.9M	990 PDF
FY2021	$178K	$121K	$57K	$1.8M	990 PDF
FY2020	$109K	$90K	$19K	$1.7M	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 FY2024 990 (6 parts)

Part I · Summary $374,374 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $181,695$435,031

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $16,726$66,914

I-11 Other revenuePrior year $1,513−$127,571

I-12 Total revenuePrior year $199,934$374,374

I-13 Grants and similar amounts paidPrior year $47,783$63,163

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $55,396$40,661

I-18 Total expensesPrior year $103,179$103,824

I-19 Revenue less expensesPrior year $96,755$270,550

Part VI · Governance 1 of 4 board members independent, 1 to look at

VI-1a Voting members of the governing body4

VI-1b Independent voting members1

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $374,374 across 6 lines filed

VIII-1c Fundraising events$345,100

VIII-1f All other contributions, gifts and grants$89,931

VIII-1h Total contributions, gifts and grants$435,031

VIII-3 Investment incomeExcluded from tax $66,914$66,914

VIII-8 Net income from fundraising eventsExcluded from tax −$127,571−$127,571

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$60,657$374,374

Part IX · Statement of functional expenses $103,824 across 7 lines filed

IX-1 Grants to domestic organizationsPrograms $63,163$63,163

IX-11b Legal feesPrograms $300$300

IX-12 Advertising and promotionPrograms $568$568

IX-13 Office expensesPrograms $74$74

IX-17 TravelPrograms $4,657$4,657

IX-23 InsurancePrograms $225$225

IX-24 Other expenses (24a–d)Programs $34,837$34,837

IX-25 Total functional expensesPrograms $103,824 · Management $0 · Fundraising $0$103,824

Part X · Balance sheet $2,648,840 assets, 8 lines filed

X-1 Cash, non-interest-bearingStart of year $1,973,354$2,633,840

X-9 Prepaid expenses and deferred chargesStart of year $46,000$15,000

X-16 Total assetsStart of year $2,019,354$2,648,840

X-17 Accounts payable and accrued expensesStart of year $9,003$367,939

X-26 Total liabilitiesStart of year $9,003$367,939

X-27 Net assets without donor restrictionsStart of year $2,010,351$2,280,901

X-32 Total net assets or fund balancesStart of year $2,010,351$2,280,901

X-33 Total liabilities and net assetsStart of year $2,019,354$2,648,840

Part XI · Reconciliation of net assets $2,280,901 net assets at year end

XI-1 Total revenue$374,374

XI-2 Total expenses$103,824

XI-3 Revenue less expenses$270,550

XI-4 Net assets at start of year$2,010,351

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$2,280,901

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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Lifenet Foundation

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Lifenet Foundation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV