LIFEBANC

Financials

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

Address and contacts

Address (IRS master file)

4775 RICHMOND RD, CLEVELAND, OH 44128-5919

In care of

% BARBARA DROBNEY

Principal officer (990 for 2024)

JOSHUA MYERS, 4775 RICHMOND ROAD, CLEVELAND, OH 441285919

Signed the 990

JOSHUA MYERS, CHIEF FINANCIAL OFFICER

Phone

(216) 752-5433

Website

WWW.LIFEBANC.ORG

Return prepared by

CIUNI & PANICHI INC

Mission

MISSION: LIFEBANC SAVES AND HEALS LIVES.VISION: PURSUING A FUTURE WHERE ORGAN, EYE AND TISSUE DONATION IS EMBRACED AS AN HONOR AND A PERSONAL RESPONSIBILITY.VALUES: SERVICE, TEAMWORK, INTEGRITY, COMMITMENT, INNOVATION, QUALITY.

Program accomplishments

• 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 2024, 184 NORTHEAST OHIOANS GAVE THE GIFT OF LIFE THROUGH ORGAN DONATION AND ADDITIIONALLY 924 GAVE THE GIFTS OF TISSUE AND 594 GAVE THE GIFT OF EYE DONATION. THIS GENEROSITY RESULTED IN 548 ORGANS DONATED THAT SAVED THE LIVES OF 561 PEOPLE. THE AMOUNT OF PEOPLE SAVED BY ORGAN DONORS FROM NORTHEAST OHIO EACH YEAR HAS RISEN OVER 350% 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 2024, LIFEBANC COMMUNICATED WITH 2,500 FAMILIES, PROVIDED EXTENSIVE HOURS OF INDIVIDUAL COUNSELING, AND OFFERED A VARIETY OF 10-WEEK SUPPORT GROUPS AND MULTIPLE ONE-TIME SEMINARS. LIFEBANC ALSO HELPS COORDINATE ANONYMOUS COMMUNICATION BETWEEN DONOR FAMILIES AND RECIPIENTS AND FACILITATED THOUSANDS OF CORRESPONDENCES/UPDATES. DESPITE THE INCREASE IN ORGAN, EYE AND TISSUE DONORS THERE REMAINS A CRITICAL ORGAN SHORTAGE IN THE UNITED STATES. THERE ARE CURRENTLY OVER 110,000 PEOPLE WAITING FOR A LIFE-SAVING ORGAN TRANSPLANT ACROSS THE COUNTRY. THERE MORE THAN 1,300 PEOPLE WAITING IN NORTHEAST OHIO ALONE. IN 2024, OVER 200 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 2024, 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.
  Expenses $30,690,851 · revenue $37,719,701
• 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.
  Expenses $392,338

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

IRS record

EIN

34-1525159

Tax-exempt status

501(c)(3): Charitable, religious, educational or scientific organization

Foundation status

Publicly supported organization (509(a)(2))

Donations deductible (Pub 78)

Public charity, 50% deduction limit

Exempt since

1986

Accounting year ends

December

Files

Form 990 or 990-EZ

Assets (IRS master file)

$56,068,248

Income (IRS master file)

$39,315,361

Filing history

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 34-1525159).

Questions about LIFEBANC

What is the EIN of LIFEBANC?

The employer identification number (EIN) of LIFEBANC is 34-1525159.

Is LIFEBANC tax-exempt?

Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.

Are donations to LIFEBANC tax-deductible?

Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).

Which annual return does LIFEBANC file?

Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.

When is the next return of LIFEBANC due?

The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.

When did LIFEBANC last file with the IRS?

The latest return in the IRS public files is the 990 for the year ended December 2024.

Who is the principal officer of LIFEBANC?

The 990 for the year ended December 31, 2024 names JOSHUA MYERS.

Who are the officers and directors of LIFEBANC?

The 990 for the year ended December 31, 2024 lists 25 people; 7 received compensation from the organization, the highest $954,610 (GORDON BOWEN, CHIEF EXECUTIVE OFFICER).

How much revenue does LIFEBANC have?

On its 990 for the year ended December 31, 2024 it reported revenue of $39,226,937, expenses of $39,369,011 and total assets of $56,068,248 at year end.

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