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Lifenet Health

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 521273592 ✦ Virginia beach, VA ✦ Designated as a 501(c)(3)

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

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.

Here 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 1,574 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):

    Mr Rony Thomas (Ceo) [Trustee/Director]
  • Compensation: $2,728,809
  • Related: $0
  • Other: $165,852

    • Mr Doug Wilson (Executive Vp)
  • Compensation: $768,009
  • Related: $0
  • Other: $164,271

    • Mr Alan Bortnick (Svp, Administration)
  • Compensation: $551,200
  • Related: $0
  • Other: $157,417

    • Mr Darrell Jessee (Chief Commercial Officer)
  • Compensation: $527,030
  • Related: $0
  • Other: $164,701

    • Mr Daniel Osborne (Chief Growth Officer)
  • Compensation: $531,598
  • Related: $0
  • Other: $155,067

    • Mr Michael Poole (Evp, Global Operations)
  • Compensation: $554,491
  • Related: $0
  • Other: $130,955

    • Mr Jingsong Chen (Chief Technology Officer)
  • Compensation: $461,305
  • Related: $0
  • Other: $139,504

    • Mr Michael Plew (Svp, Quality & Rc)
  • Compensation: $541,688
  • Related: $0
  • Other: $56,401

    • Mr J Philip Jones (Vp/Secretary/Cfo)
  • Compensation: $69,749
  • Related: $0
  • Other: $1,966

    • Dr John Herre (Chairman) [Trustee/Director]
  • Compensation: $27,500
  • Related: $0
  • Other: $0

    • Dr Gerald Bowers (Director)
  • Compensation: $15,000
  • Related: $0
  • Other: $0

    • Dr John Cardea (Vice Chairman) [Trustee/Director]
  • Compensation: $15,000
  • Related: $0
  • Other: $0

    • Rev Jonathan Barton (Director)
  • Compensation: $15,000
  • Related: $0
  • Other: $0

    • Mrs Linda Cross (Director)
  • Compensation: $15,000
  • Related: $0
  • Other: $0

    • Dr Mark Reynolds (Director)
  • Compensation: $15,000
  • Related: $0
  • Other: $0

    • Dr William Greer (Director)
  • Compensation: $15,000
  • Related: $0
  • Other: $0

    • Dr Lenneal Henderson (Director)
  • Compensation: $15,000
  • Related: $0
  • Other: $0

    • Dr Lee Riley (Vice Chairman) [Trustee/Director]
  • Compensation: $15,000
  • Related: $0
  • Other: $0

    • Dr Adam Landsman (Director)
  • Compensation: $15,000
  • Related: $0
  • Other: $0

    • Dr Kevin Bonner (Director)
  • Compensation: $15,000
  • Related: $0
  • Other: $0

    • Mrs Yvonne Wild (Director)
  • Compensation: $15,000
  • Related: $0
  • Other: $0

    • Mr F Blair Wimbush (Director)
  • Compensation: $15,000
  • Related: $0
  • Other: $0

    • Mrs Ann Lange (Director)
  • Compensation: $8,000
  • Related: $0
  • Other: $0


  • Official website here: www.lifenethealth.org

    Where can I find the form 990 for Lifenet Health?

    The 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.

    Impact

    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.




    Thursday, August 15, 2024

    Lifenet Health's impact is significant in the medical field as it provides allografts for use in various surgical disciplines, facilitates organ donation and transplantation, and supplies donated cells and tissues for biomedical research. The organization plays a crucial role in saving lives and improving health outcomes through its programs that involve processing and distributing human allograft tissue for transplantation.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    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
  • 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

    Principal Officer

    Rony Thomas

    Main Address

    1864 CONCERT DRIVE, VIRGINIA BEACH, VA, 23453

    NTEE Category

    Code: E65 - Health

    If you are a representative of Lifenet Health and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.