Overview
What is Lifecenter Memorial Foundation?
The Lifecenter Memorial Foundation is a nonprofit organization situated in Cincinnati, Ohio (specifically at 615 Elsinore Place 400). Their primary objective is to generate funds to promote awareness of organ, eye, and tissue donations and transplantation. They accomplish this through various means, including annual donations and special events. Their mission is to support this cause in Southwestern Ohio, Northern Kentucky, and Southeastern Indiana, aiming to make a significant impact in the region.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement)
The Lifecenter Memorial Foundation has received a rating of two stars from Charity Navigator, indicating that the organization’s overall performance requires improvement. With a score of 71%, it demonstrates strength in several areas of governance and financial oversight, including having a majority of independent board members and a comprehensive audit and oversight committee. Additionally, there are no reported material diversions of assets, which highlights good financial integrity.
However, despite these strengths, the organization faces challenges in its program expense ratio, which is notably low at 51.82%. This figure suggests that a smaller portion of its expenses is allocated towards program activities compared to administrative or operational costs, which may raise concerns about the effectiveness and impact of the foundation's initiatives. Overall, while there are positive elements within its governance structure, the Lifecenter Memorial Foundation could benefit from enhancing its programmatic investments to improve its rating further.
This AI summary has been generated from information found on Charity Navigator.
Is Lifecenter Memorial Foundation legitimate?
Lifecenter Memorial Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lifecenter Memorial Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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For more financial information, click here
What is the mission statement of Lifecenter Memorial Foundation?
The Lifecenter Memorial Foundation's mission is centered around supporting organ, eye, and tissue donation and transplantation. They achieve this objective by raising funds within Southwestern Ohio, Northern Kentucky, and Southeastern Indiana. The funds raised are utilized to raise awareness about organ donations and transplantations, employing various methods such as annual giving and special events. The foundation's primary goal is to contribute to the cause of organ, eye, and tissue donation and transplantation, ultimately aiming to make a significant impact in the field.
Who is the CEO of Lifecenter Memorial Foundation?
Barry Massa is the Board Chair of Lifecenter Memorial Foundation.
What is the revenue of Lifecenter Memorial Foundation?
Lifecenter Memorial Foundation's revenue in 2022 was $652,125.
Who are the executives of Lifecenter Memorial Foundation and what are their salaries?
There 100 volunteers at Lifecenter Memorial Foundation.
Here are 17 key members and their salaries:
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- Related: $293,674
- Other: $73,727
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- Related: $133,560
- Other: $24,158
Where can I find the form 990 for Lifecenter Memorial Foundation?
Lifecenter Memorial Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lifecenter Memorial Foundation
The Lifecenter Memorial Foundation is committed to championing the cause of organ, eye, and tissue donation and transplantation in various regions. With a mission that extends to Southwestern Ohio, Northern Kentucky, and Southeastern Indiana, this nonprofit organization seeks to achieve its goal by raising funds. This financial support is instrumental in spreading awareness about organ, eye, and tissue donations and transplantations. The foundation employs various strategies to raise funds, including annual giving and special events. By doing so, it aims to contribute significantly to the life-saving procedures that rely on organ, eye, and tissue donations. Through its dedicated efforts, the Lifecenter Memorial Foundation strives to promote a culture of donation and transplantation, thereby offering hope and new possibilities to countless individuals in need.
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Impact
July, 2024
Lifecenter Memorial Foundation's impact includes supporting the cause of organ, eye, and tissue donation and transplantation in Southwestern Ohio, Northern Kentucky, and Southeastern Indiana through the raising of funds. Their efforts focus on raising awareness about the importance of organ donation and transplantation. By utilizing various fundraising mechanisms such as annual giving and special events, Lifecenter Memorial Foundation works to facilitate more opportunities for individuals to receive life-saving organ transplants.
This information is meant to be a general summary of Lifecenter Memorial Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $564,480
- Gross Receipts: $5,295,627
Assets and Liabilities:
- Total Assets: $16,298,357
- Total Liabilities: $33,714
- Net Assets: $16,264,643
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Organization Details
Founding Year
1981
Phone
(513) 558-5555Principal Officer
Barry Massa
Main Address
615 Elsinore Place 400, Cincinnati, OH, 45202
NTEE Category
Code: E652 - Health
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