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Nonprofiteer
← LIFESHARE BLOOD CENTERS FOUNDATION

Form 990 for tax year 2024

Filed by LIFESHARE BLOOD CENTERS FOUNDATION.

Totals

Total revenue
$592,549
Total expenses
$105,263
Contributions and grants received
$8,834
Grants paid
$598
Program service revenue
$0
Investment income
$593,896
Other revenue
-$10,181
Total assets, end of year
$26,058,058
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$26,058,058
Program services expenses (Part IX)
$598
Management and general expenses
$104,665
Fundraising expenses
$0
Program service expenses (Part III)
$598

Program services were 0.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $8,834

  • 3 · Investment income

    total $493,647 · excluded $493,647

  • 7a · Gross sales of assets other than inventory

    securities $225,583

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

    securities $125,334

  • 7c · Gain or loss

    securities $100,249

  • 7d · Net gain or loss

    total $100,249 · excluded $100,249

  • 11a · Other revenue: INVESTMENT IN BP REAL

    total -$10,181 · unrelated business -$10,181

  • 11e · Other revenue, total

    -$10,181

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $598 · program services $598

  • 11f · Fees: investment management

    total $104,665 · management and general $104,665

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $574,117 · end of year $1,360,889

  • 2 · Savings and temporary cash investments

    end of year $125,000

  • 4 · Accounts receivable

    beginning of year $23,568 · end of year $76,374

  • 7 · Other notes and loans receivable

    beginning of year $672,625 · end of year $458,334

  • 11 · Investments: publicly traded securities

    beginning of year $9,761,572 · end of year $24,021,409

  • 15 · Other assets

    beginning of year $15,223 · end of year $16,052

  • 27 · Net assets without donor restrictions

    beginning of year $11,031,882 · end of year $26,042,006

  • 28 · Net assets with donor restrictions

    beginning of year $15,223 · end of year $16,052

Mission and programs · 2024

Mission

LIFESHARE BLOOD CENTER FOUNDATION OPERATES SOLELY FOR THE BENEFIT AND SUPPORT OF LIFESHARE BLOOD CENTER, A COMMUNITY BLOOD BANK.

  • SECURE 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.

    Expenses $598 · Grants $598

As filed on the 2024 return.

Listed in Part VII

  • John Matessino

    EX-OFFICIO

    Total calculated
    $0
    Hours/week
    2

  • William Hankins

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Merrilee Leatherman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • C Louis Ray

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Tom Simms III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Chad A Douglas

    PRESIDENT & CEO

    Total calculated
    $746,327
    From this org
    $0
    From related orgs
    $697,644
    Other
    $48,683
    Hours/week
    5

    Schedule J breakdown matched by us

    Base
    $0 + $697,644 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $35,893 related
    Nontaxable benefits
    $0 + $12,790 related
    Filer's total
    $0 + $746,327 related

  • Carrie Hrisafi-Josan

    SECRETARY/TREASURER

    Total calculated
    $266,894
    From this org
    $0
    From related orgs
    $228,680
    Other
    $38,214
    Hours/week
    5

    Schedule J breakdown matched by us

    Base
    $0 + $228,680 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,976 related
    Nontaxable benefits
    $0 + $25,238 related
    Filer's total
    $0 + $266,894 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
LIFESHARE BLOOD CENTER, A RELATED ORGANIZATION USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION OF THE CEO (SHARED EMPLOYEE): COMPENSATION COMMITTEE, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OF COMPENSATION COMMITTEE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
17 December 2025
IRS schema version
2024v5.2
Source object
202543519349300924

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