Lifelogics Inc
- Assets
- $2.4m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 0
- Location
- White Marsh, MD
- Founding
- 06/2007
- Data as of
- 12/2023
- EIN
- 20-4891909
Organization Overview
Lifelogics Inc is located in White Marsh, MD. The organization was established in 2007. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., 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. Lifelogics Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Lifelogics Inc generated $4.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $4.2m during the year ending 12/2023. While expenses have increased by 6.2% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIFELOGICS, INC. PROVIDES A RANGE OF INFORMATION TECHNOLOGY SERVICES TO THE ORGAN AND TISSUE RECOVERY COMMUNITY, INCLUDING SOFTWARE DEVELOPMENT, NETWORK MANAGEMENT, AND CONSULTING SERVICES. LIFELOGICS BUILDS CUSTOM APPLICATIONS FOR ORGAN PROCUREMENT ORGANIZATIONS, STATE DONOR REGISTRIES AND TISSUE PROCESSORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Bilsky Executive Director | 40 | $245,255 | |
Susan Stuart Chairman | 2 | $0 | |
Donna Bishop Vice Chairman | 2 | $0 | |
Peter Farstad Secretary/treasurer | 2 | $0 | |
Diane Brockmeier Member | 2 | $0 | |
Charlie Alexander Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,494 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,357,271 |
| Total Revenue | $4,364,765 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $279,335 |
| Other employee salaries and wages | $2,594,961 |
| Pension plans, employee benefits | $287,970 |
| Interest | $0 |
| Taxes | $208,158 |
| Depreciation | $117,765 |
| Occupancy | $55,786 |
| Travel, conferences, and meetings | $52,214 |
| Printing and publications | $0 |
| Other expenses | $558,990 |
| Total operating and administrative expenses | $4,238,620 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $4,238,620 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,465,849 |
| Net Accounts receivable | $557,547 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $44,816 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $327,042 |
| Other assets | $16,329 |
| Total assets | $2,411,583 |
| Accounts payable and accrued expenses | $204,850 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $13,560 |
| Total liabilities | $218,410 |
Grants Awarded
Over the last fiscal year, Lifelogics Inc has awarded $3,450 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
AVON BREAST CANCER CRUSADE PURPOSE: BREAST CANCER RESEARCH | $2,000 |
MT HERMON BAPTIST CHURCH FLEMING MEM FUND PURPOSE: GENERAL SUPPORT | $200 |
ORANGE UNITED METHODIST CHURCH PURPOSE: GENERAL SUPPORT | $100 |
TRANSPLANT GAMES OF AMERICA PURPOSE: GENERAL SUPPORT | $1,050 |
LIFE CHURCH MINISTRIES PURPOSE: GENERAL SUPPORT | $100 |