Gift Of Life Inc
- Assets
- $14.4m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 32
- Location
- Rochester, MN
- Founding
- 06/1985
- Data as of
- 12/2023
- EIN
- 41-1495845
Organization Overview
Gift Of Life Inc, operating under the name Gift Of Life Transplant House, is located in Rochester, MN. The organization was established in 1985. According to its NTEE Classification (E86) the organization is classified as: Patient & Family Support, under the broad grouping of Health Care and related organizations. As of 12/2023, Gift Of Life Transplant House employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gift Of Life Transplant House 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, Gift Of Life Transplant House generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HIGH QUALITY, AFFORDABLE ACCOMMODATIONS TO TRANSPLANT PATIENTS AND THEIR CAREGIVERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AFFORDABLE LODGING FOR TRANSPLANT PATIENTS. THE GIFT OF LIFE PROVIDED LODGING FOR 4,275 GUESTS IN 2023. GUESTS HAVE A VARYING AVERAGE STAY BASED ON TYPE OF TRANSPLANT, RANGING FROM 2 WEEKS TO 6 MONTHS OR LONGER. GIFT OF LIFE HAS AN 84-BED FACILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cyle Erie President | OfficerTrustee | 0.75 | $0 |
Jesse Buhl Treasurer | OfficerTrustee | 0.75 | $0 |
David Liebow Secretary | OfficerTrustee | 0.75 | $0 |
Adrienne Pompeian Past President | Trustee | 0.75 | $0 |
Brian Sheehan Director | Trustee | 0.5 | $0 |
Arlene Bahr Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,917 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,538,043 |
| Noncash contributions included in lines 1a–1f | $25,906 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,540,960 |
| Total Program Service Revenue | $774,390 |
| Investment income | $157,087 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,905 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,475,343 |
| 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. | $89,764 |
| Compensation of current officers, directors, key employees. | $22,441 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $547,996 |
| Pension plan accruals and contributions | $8,372 |
| Other employee benefits | $33,714 |
| Payroll taxes | $51,146 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,063 |
| Fees for services: Accounting | $11,298 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,175 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20,263 |
| Office expenses | $91,867 |
| Information technology | $33,716 |
| Royalties | $0 |
| Occupancy | $434,888 |
| Travel | $1,232 |
| 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 | $375,531 |
| Insurance | $74,000 |
| All other expenses | $78,332 |
| Total functional expenses | $2,037,613 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $857,341 |
| Savings and temporary cash investments | $5,334,472 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,645 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,616 |
| Prepaid expenses and deferred charges | $36,511 |
| Net Land, buildings, and equipment | $7,222,675 |
| Investments—publicly traded securities | $931,470 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,399,730 |
| Accounts payable and accrued expenses | $163,912 |
| 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 | $163,912 |
| Net assets without donor restrictions | $11,822,421 |
| Net assets with donor restrictions | $2,413,397 |
| 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 | $14,399,730 |