Overview
What is Lifeshare Blood Center Foundation?
Lifeshare Blood Center Foundation is a nonprofit organization situated in Shreveport, Louisiana, with an address on Linwood Avenue. Its primary purpose is to aid and support Lifeshare Blood Center, a community blood bank, through fundraising activities. The foundation sets aside the equivalent of 180 days' worth of operating funds, which can be utilized in times of emergencies, including natural disasters. This reserve is designated as "Area of Greatest Need," allowing the foundation to provide immediate assistance when needed. The Lifeshare Blood Center Foundation operates solely to support and benefit its affiliated community blood bank.
Is Lifeshare Blood Center Foundation legitimate?
Lifeshare Blood Center Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lifeshare Blood Center 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Lifeshare Blood Center Foundation?
The Lifeshare Blood Center Foundation serves solely to support and benefit the Lifeshare Blood Center, a community blood bank. Its mission is to aid the blood bank in securing operational funds, specifically enough to cover 180 days of operations, which are set aside as a reserve for emergency situations, including disasters, under the title of "Area of Greatest Need." This reserve is crucial in ensuring the blood bank can continue its vital work during times of crisis.
Who is the CEO of Lifeshare Blood Center Foundation?
Chad A Douglas is the Trustee of Lifeshare Blood Center Foundation. The CEO's salary of Lifeshare Blood Center Foundation is $0 and their total compensation is $623,725.
What is the revenue of Lifeshare Blood Center Foundation?
Lifeshare Blood Center Foundation's revenue in 2022 was $266,065.
Who are the executives of Lifeshare Blood Center Foundation and what are their salaries?
There 5 volunteers at Lifeshare Blood Center Foundation.
Here are 7 key members and their salaries (Lifeshare Blood Center Foundation's CEO's salary is $0 and their total compensation is $623,725):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $192,825
- Other: $23,616
- Compensation: $0
- Related: $577,055
- Other: $46,670
Where can I find the form 990 for Lifeshare Blood Center Foundation?
Lifeshare Blood Center Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lifeshare Blood Center Foundation
Lifeshare Blood Center Foundation exists solely to support and benefit Lifeshare Blood Center, a community blood bank. Its mission is to contribute to Lifeshare Blood Center's operations by securing funds for emergency situations, including disasters. This reserves an equivalent of six months of operating funds, which are designated as the 'Area of Greatest Need.' The Foundation assists Lifeshare Blood Center in its fundraising efforts, ensuring the community blood bank has the necessary resources to meet unexpected demands and continue its vital work.
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Impact
October, 2024
Lifeshare Blood Center Foundation plays a crucial role in securing the financial stability of Lifeshare Blood Center, ensuring it can continue to function effectively as a community blood bank. By generating the equivalent of 180 days’ worth of operating funds, the foundation maintains a reserve designated for the "area of greatest need," which can be accessed during emergencies such as natural disasters. This proactive approach bolsters the region's blood supply and enhances the community's readiness to respond to urgent medical situations, ultimately saving lives and providing vital support to local healthcare facilities. Its efforts not only secure the immediate needs of blood collection but also foster a sustainable model for community health and resilience.
This information is meant to be a general summary of Lifeshare Blood Center 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: $257,956
- Gross Receipts: $1,805,594
Assets and Liabilities:
- Total Assets: $9,764,051
- Total Liabilities: $0
- Net Assets: $9,764,051
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Organization Details
Founding Year
1999
Phone
(318) 222-7770Principal Officer
Chad A Douglas
Main Address
8910 LINWOOD AVENUE, SHREVEPORT, LA, 71106
NTEE Category
Code: E61 - Health
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