Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $516,437

• 1f · All other contributions, gifts and grants

  $137

• 2a · Program service revenue: ORGAN ACQUISITION

  total $41,001,296 · related or exempt $41,001,296

• 2b · Program service revenue: TISSUE SERVICES

  total $4,789,380 · related or exempt $4,789,380

• 2c · Program service revenue: TISSUE RESEARCH

  total $260,862 · related or exempt $260,862

• 2d · Program service revenue: ORGAN RESEARCH

  total $127,740 · related or exempt $127,740

• 2e · Program service revenue: EYE BANK REVENUE

  total $96,996 · related or exempt $96,996

• 3 · Investment income

  total $133,146 · excluded $133,146

• 6a · Gross rents

  real property $19,971

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $19,971

• 6d · Net rental income or loss

  total $19,971 · excluded $19,971

• 7a · Gross sales of assets other than inventory

  securities $368,716

• 7b · Less cost or other basis and sales expenses

  securities $396,163

• 7c · Gain or loss

  securities -$27,447

• 7d · Net gain or loss

  total -$27,447 · excluded -$27,447

• 11a · Other revenue: PARTNERSHIP INCOME

  total -$1,587 · unrelated business -$1,568 · excluded -$19

• 11e · Other revenue, total

  -$1,587

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,840,947 · program services $1,218,708 · management and general $622,239

• 7 · Other salaries and wages

  total $17,184,401 · program services $11,378,514 · management and general $5,805,887

• 8 · Pension plan contributions

  total $661,501 · program services $436,590 · management and general $224,911

• 9 · Other employee benefits

  total $5,647,060 · program services $3,727,060 · management and general $1,920,000

• 10 · Payroll taxes

  total $1,344,695 · program services $887,499 · management and general $457,196

• 11b · Fees: legal

  total $269,471 · management and general $269,471

• 11c · Fees: accounting

  total $75,818 · management and general $75,818

• 11d · Fees: lobbying

  total $39,000 · management and general $39,000

• 11g · Fees: other

  total $979,498 · program services $297,666 · management and general $681,832

• 12 · Advertising and promotion

  total $162,545 · program services $81,341 · management and general $81,204

• 13 · Office expenses

  total $195,082 · program services $39,650 · management and general $155,432

• 14 · Information technology

  total $1,094,745 · program services $3,055 · management and general $1,091,690

• 16 · Occupancy

  total $744,547 · management and general $744,547

• 17 · Travel

  total $426,460 · program services $298,067 · management and general $128,393

• 20 · Interest

  total $502,109 · management and general $502,109

• 22 · Depreciation, depletion and amortization

  total $866,560 · program services $9,346 · management and general $857,214

• 23 · Insurance

  total $816,069 · management and general $816,069

• 24a · Other expenses: ORGAN PROCUREMENT

  total $9,977,550 · program services $9,977,550

• 24b · Other expenses: TISSUE PROCUREMENT

  total $1,289,274 · program services $1,289,274

• 24c · Other expenses: EQUIPMENT RENTAL AND MA

  total $443,075 · management and general $443,075

• 24d · Other expenses: TELEPHONE

  total $416,321 · management and general $416,321

• 24e · All other expenses

  total $991,819 · program services $465,531 · management and general $526,288

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $12,460,232 · end of year $9,246,038

• 4 · Accounts receivable

  beginning of year $6,453,671 · end of year $10,571,958

• 7 · Other notes and loans receivable

  beginning of year $4,420,932 · end of year $5,437,148

• 8 · Inventories for sale or use

  beginning of year $549,709 · end of year $660,966

• 9 · Prepaid expenses and deferred charges

  beginning of year $428,064 · end of year $416,235

• 10a · Land, buildings and equipment: cost or other basis

  $30,020,006

• 10b · Land, buildings and equipment: accumulated depreciation

  $5,730,238

• 10c · Land, buildings and equipment, net

  beginning of year $24,839,877 · end of year $24,289,768

• 11 · Investments: publicly traded securities

  beginning of year $1,520,216 · end of year $1,787,562

• 15 · Other assets

  beginning of year $135,088 · end of year $39,160

• 17 · Accounts payable and accrued expenses

  beginning of year $4,273,582 · end of year $5,129,782

• 19 · Deferred revenue

  beginning of year $350 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $15,405,674 · end of year $14,963,269

• 25 · Other liabilities

  beginning of year $137,157 · end of year $39,160

• 27 · Net assets without donor restrictions

  beginning of year $30,991,026 · end of year $32,316,624

The filer's explanations (Part III)

PART I, LINE 1A

DURING 2023 THE ORGANIZATION'S LONG STANDING CEO LEFT THE ORGANIZATION. THE ORGANIZATION BEGAN A SEARCH FOR HER REPLACEMENT AND ENAGAGED AN INTERIM CEO TO FILL THE ROLE DURING THE SEACH PERIOD. SINCE THE INTERIM CEO RESIDED OUT OF STATE, THE ORGANIZATION PROVIDED TEMPORARY HOUSING TO ALLOW HER TO BE NEAR THE ORGANIZATION'S HEADQUARTERS THROUGHOUT HER TENURE. THE ORGANIZATION DID NOT HAVE A HOUSING ALLOWANCE POLICY IN PLACE AT THE TIME BUT DID A SURVEY OF LOCAL PROPERTIES THAT WERE APPROPRIATE BOTH IN LOCATION TO THE FACILITES AND IN QUALITY. THE ORGANIZATION UTILIZED ITS CURRENT TRAVEL POLICY FOR ANY QUALIFYING REIMBURSEMENTS AND KEPT RECORDS DOCUMENTING THE NECESSITY OF THE EXPENSE.

PART I, LINE 4A

DURING 2023, THE CEO KELLY RANUM RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $500,755.