Lifebanc

Organization Overview

Lifebanc is located in Cleveland, OH. The organization was established in 1986. According to its NTEE Classification (E65) the organization is classified as: Organ & Tissue Banks, under the broad grouping of Health Care and related organizations. As of 12/2021, Lifebanc employed 178 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lifebanc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Lifebanc generated $55.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $51.3m during the year ending 12/2021. While expenses have increased by 9.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SAVING AND HEALING LIVES THROUGH ORGAN, EYE AND TISSUE DONATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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. LIFEBANC SERVES NORTHEAST OHIO'S POPULATION OF OVER FOUR MILLION PEOPLE AND WORKS WITH 80 HOSPITALS IN A 20-COUNTY AREA. VOLUNTEERS AND STAFF WORK TO EDUCATE THE PUBLIC ABOUT ORGAN AND TISSUE DONATION, ENCOURAGE INDIVIDUALS TO DESIGNATE THEIR DONATION DECISION AND OFFER GRIEF SUPPORT SERVICES TO FAMILIES TOUCHED BY DONATION. LIFEBANC IS GOVERNED BY A VOLUNTEER BOARD OF DIRECTORS; COMPRISED OF COMMUNITY MEMBERS, CLINICIANS, RECIPIENTS AND DONOR FAMILY MEMBERS, WHO DRIVE (CONTINUED ON SCHEDULE O) ORGANIZATIONAL STRATEGY WITH THE VISION OF A FUTURE WHERE ORGAN, EYE AND TISSUE DONATION IS EMBRACED AS AN HONOR AND A PERSONAL RESPONSIBILITY. IN 2021, A RECORD NUMBER OF NORTHEAST OHIOANS GAVE THE GIFT OF LIFE THROUGH ORGAN DONATION (182) AND ADDITIONALLY, 926 GAVE THE GIFTS OF TISSUE AND EYE DONATION. THIS GENEROSITY RESULTED IN 502 ORGANS DONATED THAT SAVED THE LIVES OF 437 PEOPLE. THE AMOUNT OF PEOPLE SAVED BY ORGAN DONORS FROM NORTHEAST OHIO EACH YEAR HAS RISEN OVER 40% SINCE 2014. ORGANS FROM DONORS IN NORTHEAST OHIO WERE TRANSPLANTED TO RECIPIENTS IN NEARLY THREE DOZEN STATES AND THE DISTRICT OF COLUMBIA. MANY LIFE-SAVING AND HEALING PROCEDURES UTILIZE DONATED TISSUE. THE GIFTS OF TISSUE DONORS WILL SAVE THE LIVES OF BURN VICTIMS, REPAIR DAMAGED HEARTS, GIVE BACK MOBILITY AND RESTORE SIGHT TO TENS OF THOUSANDS OF PEOPLE. LIFEBANC PROVIDES EXTENSIVE CARE FOR THE FAMILIES OF DONORS THAT BEGINS AT THEIR FIRST MOMENT OF NEED AND EXTENDS FOR UP TO TWO YEARS PAST THE GIFTS OF THE DONATION. INCLUDED IS FREE GRIEF SUPPORT IN THE FORM OF INDIVIDUAL COUNSELING WITH A LICENSED THERAPIST, GROUP COUNSELING, AND HOST OF OTHER ACTIVITIES. IN 2021, LIFEBANC COMMUNICATED WITH 2,371 FAMILIES, PROVIDED 805 HOURS OF INDIVIDUAL COUNSELING, AND OFFERED FIVE 10-WEEK SUPPORT GROUPS AND FOUR ONE-TIME SEMINARS. LIFEBANC ALSO HELPS COORDINATE ANONYMOUS COMMUNICATION BETWEEN DONOR FAMILIES AND RECIPIENTS AND FACILITATED 541 COMMUNICATIONS IN 2021. DESPITE THE INCREASE IN ORGAN, EYE AND TISSUE DONORS THERE REMAINS A CRITICAL ORGAN SHORTAGE IN THE UNITED STATES. THERE ARE CURRENTLY OVER 106,000 PEOPLE WAITING FOR A LIFE-SAVING ORGAN TRANSPLANT ACROSS THE COUNTRY. THERE ARE MORE THAN 1,400 PEOPLE WAITING IN NORTHEAST OHIO ALONE. IN 2021, OVER 250 PEOPLE IN NORTHEAST OHIO EITHER DIED WAITING FOR AN ORGAN OR BECAME TOO SICK TO TRANSPLANT. THE BEST CHANCE THOSE STILL WAITING HAVE AT RECEIVING THE LIFE-SAVING TRANSPLANT THEY NEED IS BY INCREASING THE NUMBER OF PEOPLE WHO REGISTER THEIR WISHES TO BE AN ORGAN, EYE AND TISSUE DONOR. IN 2021, OVER 60,000 PEOPLE IN NORTHEAST OHIO REGISTERED FOR THE FIRST TIME ON THE OHIO DONOR REGISTRY. BEST CHANCE THOSE STILL WAITING HAVE AT RECEIVING THE LIFE-SAVING TRANSPLANT THEY NEED IS BY INCREASING THE NUMBER OF PEOPLE WHO REGISTER THEIR WISHES TO BE AN ORGAN, EYE AND TISSUE DONOR.


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.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
American Fdtn For Donation And Transplan
Import Services
$3,477,276
Cleveland Clinic Foundation
Hospital Services
$1,513,459
Gift Of Life Donor Program
Import Services
$1,658,033
Center For Organ Recovery & Ed
Import Services
$1,814,666
Gift Of Life- Michigan
Import Services
$4,314,750
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$5,267
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$353,121
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$358,388
Total Program Service Revenue$54,555,971
Investment income $347,824
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $171,502
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $55,677,520

Grants Recieved

Over the last fiscal year, we have identified 7 grants that Lifebanc has recieved totaling $68,845.

Awarding OrganizationAmount
Schwab Charitable Fund

San Francisco, CA

PURPOSE: HEALTH

$53,100
Smiley Family Charitable Foundation

Solon, OH

PURPOSE: GENERAL PURPOSE CHARITABLE GRANT

$5,000
Alben F Bates And Clara G Bates Foundation

Elmhurst, IL

PURPOSE: UNRESTRICTED

$4,500
Ge Foundation

Norwalk, CT

PURPOSE: MATCHING GIFTS

$2,768
Equitable Foundation Inc

New York, NY

PURPOSE: GENERAL SUPPORT

$2,000
The Fedeli Family Charitable Foundation

Independence, OH

PURPOSE: IN MEMORY OF LORI BUONCORE

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$3,228,476
Earnings$413,142
Net Contributions$500,000
Ending Balance$4,141,618

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