Lifenet Health

Organization Overview

Lifenet Health is located in Virginia Beach, VA. The organization was established in 2000. 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, Lifenet Health employed 1,330 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lifenet Health 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, Lifenet Health generated $455.4m 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 $434.7m during the year ending 12/2021. While expenses have increased by 8.8% 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.

Since 2014, Lifenet Health has awarded 20 individual grants totaling $593,128. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROCESSING AND DISTRIBUTION OF HUMAN ALLOGRAFT TISSUE FOR TRANSPLANTATION.


ORGAN RECOVERY AND TRANSPLANTATION SERVICES.


ORGAN AND TISSUE CALL CENTER SERVICES.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Depuy Orthopaedics Inc
Product Representation
$67,175,889
Arthrex Inc
Product Representation
$29,103,798
Avid Medical Inc
Medical Supplies
$7,572,589
Medline Industries Inc
Medical Supplies
$5,412,675
Federal Express Corporation
Freight
$5,396,386
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$55,405
Government grants $58,322
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$113,727
Total Program Service Revenue$451,696,733
Investment income $1,626,632
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,162,584
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $455,372,311

Grants Awarded

Over the last fiscal year, Lifenet Health has awarded $76,000 in support to 2 organizations.

Grant RecipientAmount

UNITED WAY OF SOUTH HAMPTON ROADS

Org PageRecipient Profile

Norfolk, VA

PURPOSE: Virginia Beach Tragedy Fund

$70,000

OLD DOMINION UNIVERSITY

PURPOSE: Education

$6,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Lifenet Health has recieved totaling $55,005.

Awarding OrganizationAmount
Lifenet Foundation

Virginia Beach, VA

PURPOSE: DONOR FAMILY SERVICES

$46,005
Road Runners Club Of America

Lynchburg, VA

PURPOSE: TO PROMOTE RUNNING FOR YOUTH

$9,000
View Grant Recipient Profile

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