New England Organ Bank Inc
- Assets
- $52.8m
- Revenue
- $84.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Waltham, MA
- Founding
- 10/1969
- Data as of
- 12/2021
- EIN
- 23-7024479
Organization Overview
New England Organ Bank Inc is located in Waltham, MA. The organization was established in 1969. According to its NTEE Classification (E65) the organization is classified as: Organ & Tissue Banks, 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. New England Organ Bank 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 12/2021, New England Organ Bank Inc generated $84.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $78.4m during the year ending 12/2021. While expenses have increased by 5.5% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SAVE AND HEAL LIVES THROUGH ORGAN AND TISSUE DONATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGAN DONATION SERVICES PROGRAM AT NEW ENGLAND ORGAN BANK, INC. IS DESIGNED TO EFFECTIVELY COORDINATE AND MAXIMIZE THE DONATION OF ORGANS FOR TRANSPLANT IN NEW ENGLAND ORGAN BANK, INC.'S DESIGNATED SERVICE AREA. IN ORDER TO FULFILL THIS CORE MISSION AS AN ORGAN PROCUREMENT ORGANIZATION, COORDINATORS ARE AVAILABLE 24 HOURS A DAY TO RESPOND ONSITE AT HOSPITALS WITHIN NEW ENGLAND ORGAN BANK, INC.SERVICE AREA WHEN A POTENTIAL ORGAN DONOR HAS BEEN IDENTIFIED. THIS INCLUDES EVALUATING EVERY POTENTIAL ORGAN DONOR'S MEDICAL CONDITION, MAINTAINING CLINICAL SUPPORT THROUGHOUT THE ORGAN RECOVERY PROCESS, AND MANAGING THE COMPLEX LOGISTICS OF THE SURGICAL RECOVERY, PRESERVATION, PACKAGING, TRANSPORTATION AND APPROPRIATE ALLOCATION OF DONATED ORGANS TO RECIPIENTS. AS PART OF THIS SERVICE, COORDINATORS PROVIDE SUPPORT AND INFORMATION ABOUT DONATION TO FAMILIES. IF A PATIENT AUTHORIZED DONATION THROUGH A DONOR REGISTRY, THE COORDINATORS WORK WITH THE FAMILY TO CARRY-OUT THE PATIENT'S DECISION. IF THE PATIENT HAD NOT MADE A DONATION DECISION, THE COORDINATORS WORK WITH FAMILY TO OBTAIN AUTHORIZATION FOR DONATION. THE ORGAN DONATION SERVICES PROGRAM IS FOCUSED ON INCREASING THE NUMBER OF ORGANS AVAILABLE FOR TRANSPLANTATION BY INCREASING THE CONVERSION RATE OF POTENTIAL ORGAN DONORS TO ACTUAL ORGAN DONORS AND BY MAXIMIZING THE PLACEMENT OF ORGANS FOR TRANSPLANT. THE NEW ENGLAND ORGAN BANK, INC. SERVES FOURTEEN TRANSPLANT CENTERS. NEW ENGLAND ORGAN BANK, INC. ALLOCATES ORGANS FOR TRANSPLANT REGIONALLY AND NATIONALLY THROUGH OPTN NATIONAL SYSTEM. DURING 2021, 1,406 ORGANS WERE RECOVERED AND 1,176 ORGANS WERE TRANSPLANTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heung Bae Kim MD Chair & Trustee | OfficerTrustee | 1 | $0 |
Kevin Smith Vice Chair & Trustee | OfficerTrustee | 1 | $0 |
Janice Mayforth Asst. Secretary & Trustee | OfficerTrustee | 1 | $0 |
Fred Sorbo Treasurer & Trustee | OfficerTrustee | 1 | $0 |
Lindsay Martin Secretary & Trustee | OfficerTrustee | 1 | $0 |
Alexandera K Glazier ESQ President & CEO | Officer | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mgh Transplantation Associates Surgical And Professional Services | 6/29/16 | $317,250 |
Yale University School Of Medicine Surgical And Professional Services | 6/29/16 | $239,760 |
Harvard Medical Faculty Physicians Surgical And Professional Services | 6/29/16 | $163,250 |
Mgh Physicians Organization Surgical And Professional Services | 6/29/16 | $160,000 |
Mgh Surgical Associates Surgical And Professional Services | 6/29/16 | $156,440 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,508 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,508 |
| Total Program Service Revenue | $83,372,308 |
| Investment income | $168,458 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $550,867 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $84,095,141 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $43,974 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $234,720 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $322,407 |
| Insurance | $5,016 |
| All other expenses | $36,424,974 |
| Total functional expenses | $78,392,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,109,295 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,251 |
| Net Land, buildings, and equipment | $954,869 |
| Investments—publicly traded securities | $15,325,888 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,353,301 |
| Total assets | $52,785,604 |
| Accounts payable and accrued expenses | $47,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $47,000 |
| Net assets without donor restrictions | $52,735,977 |
| Net assets with donor restrictions | $2,627 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $52,785,604 |
Grants Awarded
Over the last fiscal year, New England Organ Bank Inc has awarded $179,296 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Somerville, MA PURPOSE: CLINICAL RESEARCH | $109,995 |
Somerville, MA PURPOSE: CLINICAL RESEARCH | $69,301 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that New England Organ Bank Inc has recieved totaling $12,146.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: HEALTH, GENERAL | $12,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $146 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New England Organ Bank Inc Waltham, MA | $52,785,604 | $84,095,141 |
Liveonny Inc Long Island City, NY | $77,564,344 | $55,146,510 |
Dkms New York, NY | $12,560,254 | $35,973,587 |
Upstate New York Transplant Services Inc Williamsville, NY | $36,879,412 | $32,055,147 |
Eye Bank For Sight Restoration Inc New York, NY | $85,574,058 | $10,301,397 |
Sight Conservation Of N E N Y Inc Albany, NY | $2,091,122 | $2,360,988 |
Organ Alliance Inc White Plains, NY | $534,247 | $1,314,396 |
New York Center For Liver Transplantation Inc Troy, NY | $455,603 | $525,688 |
Health Navigator Foundation Inc Bronx, NY | $88,512 | $281,151 |
Matchingdonors Com Inc Canton, MA | $1,243,463 | $217,464 |
Flood Sisters Kidney Foundation Chappaqua, NY | $59,750 | $0 |
A Gift Of Life The Heart And Lung Transplant Support Group Inc Trumbull, CT | $476,692 | -$90,936 |