Lifeshare Blood Centers Foundation
- Assets
- $11.3m
- Revenue
- $758.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Shreveport, LA
- Founding
- 07/1999
- Data as of
- 12/2021
- EIN
- 72-1442539
Organization Overview
Lifeshare Blood Centers Foundation is located in Shreveport, LA. The organization was established in 1999. According to its NTEE Classification (E61) the organization is classified as: Blood Banks, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lifeshare Blood Centers Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LIFESHARE BLOOD CENTER FOUNDATION OPERATES SOLELY FOR THE BENEFIT AND SUPPORT OF LIFESHARE BLOOD CENTER, A COMMUNITY BLOOD BANK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SECURES WITH THE ASSISTANCE OF LIFESHARE BLOOD CENTER'S FUND DEVELOPMENT ACTIVITIES, THE EQUIVALENT OF 180 DAYS OF OPERATING FUNDS TO BE HELD IN RESERVE AND DESIGNATED AS "AREA OF GREATEST NEED" AVAILABLE FOR EMERGENCIES INCLUDING DISASTERS.
PROVISIONS NECESSARY TO SUPPORT PROGRAM AND CAPITAL EXPENDITURES TO ENSURE UNINTERRUPTED BLOOD COLLECTION, PROCESSING, STORAGE AND DISTRIBUTION OF BLOOD PRODUCTS AND RELATED SERVICES.
SUPPORT BLOOD DONOR PROGRAMS THROUGH PROVISIONS NEEDED TO FOSTER BLOOD DONOR EDUCATION AND RECRUITMENT AND TO ENCOURAGE BLOOD COLLECTIONS FROM VOLUNTEER BLOOD DONORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Matessino Chair | OfficerTrustee | 2 | $0 |
Carrie Hrisafi-Josan Secretary/treasurer | Officer | 5 | $0 |
Chad A Douglas President & CEO | Officer | 5 | $0 |
Merrilee Leatherman Trustee | Trustee | 2 | $0 |
William Hankins Trustee | Trustee | 2 | $0 |
Walter Sanchez Ex Officio | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,599 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,599 |
| Total Program Service Revenue | $0 |
| Investment income | $328,422 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $419,913 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $758,934 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $541 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $58,986 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $59,527 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $522,247 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,517 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,101,137 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $9,630,795 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,904 |
| Total assets | $11,282,600 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $11,266,696 |
| Net assets with donor restrictions | $15,904 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $11,282,600 |
Endowment Analysis
| Beg. Balance | $14,913 |
| Earnings | $1,635 |
| Admin Expense | $103 |
| Grants | $541 |
| Ending Balance | $15,904 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texoma Regional Blood Center Sherman, TX | $3,469,277 | $3,259,302 |
The Blood & Tissue Center Foundation San Antonio, TX | $824,644 | $805,133 |
Alliance For Community Transfusion Services Llc Bedford, TX | $1,059,125 | $581,241 |
Coffee Memorial Blood Center Foundation Amarillo, TX | $7,797,326 | $578,918 |
Lifeshare Blood Centers Foundation Shreveport, LA | $11,282,600 | $758,934 |