Overview
What is Lifenet Health?
Lifenet Health is a Virginia Beach, VA-based non-profit organization, founded in 1982, dedicated to the provision of allografts for various surgical fields. They facilitate organ donation and transplantation, and offer donated cells and tissues for biomedical research. The organization's primary activity includes the processing and distribution of human allograft tissue.
Official website here: www.lifenethealth.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Lifenet Health has earned a Four-Star rating from Charity Navigator, reflecting exceptional performance in accountability and finance. The overall score of 96% is based entirely on their strong financial practices, demonstrating a commitment to transparency and responsible management of resources. Key indicators include a 93% independent board and high scores for various accountability measures, suggesting a well-governed organization.
The organization shows notable strengths in its financial health, with a program expense ratio of 84.51%, meaning a significant portion of its expenditures directly support its mission. Additionally, Lifenet Health maintains rigorous oversight with policies in place for conflict of interest, whistleblower protection, and asset management, all contributing to its robust governance framework.
While the data showcases many strengths, it is essential to continue monitoring for any changes in financial practices or governance structures. However, the current ratings and policies in place position Lifenet Health as a reliable nonprofit dedicated to its mission and accountable to its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Lifenet Health legitimate?
Lifenet Health is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lifenet Health 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $4,816,813
Professional Fundraising Fees: $0
Other Salaries and Wages: $110,305,685
For more financial information, click here
Official website here: www.lifenethealth.org
What is the mission statement of Lifenet Health?
Lifenet Health, a non-profit organization founded in 1982, is dedicated to the provision of allografts for various surgical disciplines and facilitating organ donation and transplantation. They also contribute donated cells and tissues for biomedical research. The organization's primary activity involves the processing and distribution of human allograft tissue for transplantation purposes. Lifenet Health aims to enhance the quality of life and health outcomes for individuals through its programs and services. By providing essential tissue resources, they contribute significantly to the medical community and the healthcare system as a whole.
Official website here: www.lifenethealth.org
Who is the CEO of Lifenet Health?
Rony Thomas is the Principal Officer of Lifenet Health. The CEO's salary of Lifenet Health is $2,728,809 and their total compensation is $2,894,661.
Official website here: www.lifenethealth.org
What is the revenue of Lifenet Health?
Lifenet Health's revenue in 2022 was $456,633,012.
Official website here: www.lifenethealth.org
Who are the executives of Lifenet Health and what are their salaries?
The average compensation at Lifenet Health during 2022 was $73,140. There are 1574 employees and 500 volunteers at Lifenet Health.
Here are 23 key members and their salaries (Lifenet Health's CEO's salary is $2,728,809 and their total compensation is $2,894,661):
- Compensation: $2,728,809
- Related: $0
- Other: $165,852
- Compensation: $27,500
- Related: $0
- Other: $0
- Compensation: $15,000
- Related: $0
- Other: $0
- Compensation: $15,000
- Related: $0
- Other: $0
- Compensation: $15,000
- Related: $0
- Other: $0
- Compensation: $15,000
- Related: $0
- Other: $0
- Compensation: $15,000
- Related: $0
- Other: $0
- Compensation: $15,000
- Related: $0
- Other: $0
- Compensation: $15,000
- Related: $0
- Other: $0
- Compensation: $15,000
- Related: $0
- Other: $0
- Compensation: $15,000
- Related: $0
- Other: $0
- Compensation: $8,000
- Related: $0
- Other: $0
- Compensation: $15,000
- Related: $0
- Other: $0
- Compensation: $15,000
- Related: $0
- Other: $0
- Compensation: $15,000
- Related: $0
- Other: $0
- Compensation: $527,030
- Related: $0
- Other: $164,701
- Compensation: $69,749
- Related: $0
- Other: $1,966
- Compensation: $768,009
- Related: $0
- Other: $164,271
- Compensation: $554,491
- Related: $0
- Other: $130,955
- Compensation: $551,200
- Related: $0
- Other: $157,417
- Compensation: $531,598
- Related: $0
- Other: $155,067
- Compensation: $541,688
- Related: $0
- Other: $56,401
- Compensation: $461,305
- Related: $0
- Other: $139,504
Official website here: www.lifenethealth.org
Where can I find the form 990 for Lifenet Health?
Lifenet Health's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lifenethealth.org
Learn more at the official website: www.lifenethealth.org
Mission Statement of Lifenet Health
Lifenet Health, a non-profit life sciences organization established in 1982, is dedicated to making a significant impact in various surgical disciplines. The organization specializes in providing allografts for transplantation, promoting organ donation, and contributing donated cells and tissues for biomedical research. Lifenet Health's primary focus is on the processing and distribution of human allograft tissue for surgical purposes.
By facilitating organ donation and transplantation, Lifenet Health plays a vital role in saving lives and improving the health outcomes of recipients. The organization's efforts extend beyond medical procedures, as it also contributes to scientific research by providing donated cells and tissues. Lifenet Health's commitment to enhancing human health is a testament to its mission and the difference it makes in people's lives.
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Impact
October, 2024
Lifenet Health significantly impacts the medical field by providing allografts for various surgical disciplines, enhancing patient care through tissue transplantation. Established in 1982, this organization facilitates organ donation and transplantation, playing a crucial role in saving lives. Furthermore, it contributes to biomedical research by supplying donated cells and tissues, advancing scientific understanding and innovation. Based in Virginia Beach, VA, Lifenet Health's commitment to processing and distributing human allograft tissue supports healthcare professionals in delivering effective treatments, ultimately improving patient outcomes across diverse medical procedures.
This information is meant to be a general summary of Lifenet Health. 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: $89,811
- Program Service Revenue: $455,648,801
- Gross Receipts: $521,120,425
Assets and Liabilities:
- Total Assets: $551,891,048
- Total Liabilities: $189,315,779
- Net Assets: $362,575,269
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TISSUE PROCESSING
Revenue
$425,677,601
ORGAN PROCUREMENT
Revenue
$29,529,480
DONOR CENTER
Revenue
$441,720
Organization Details
Founding Year
1982
Phone
(757) 464-4761Principal Officer
Rony Thomas
Main Address
1864 CONCERT DRIVE, VIRGINIA BEACH, VA, 23453
Website
www.lifenethealth.orgNTEE Category
Code: E65 - Health
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