Lifebox Foundation Inc
- Assets
- $2.3m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 5
- Location
- Brooklyn, NY
- Founding
- 09/2013
- Data as of
- 03/2022
- EIN
- 46-2266526
Organization Overview
Lifebox Foundation Inc is located in Brooklyn, NY. The organization was established in 2013. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 03/2022, Lifebox Foundation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lifebox Foundation 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 03/2022, Lifebox Foundation Inc generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.3% each year . All expenses for the organization totaled $2.5m during the year ending 03/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE SAFETY OF HEALTHCARE IN LOW AND MIDDLE-INCOME COUNTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PRESERVE AND PROTECT THE HEALTH OF PATIENTS WORLDWIDE BY PROVIDING PULSE OXIMETERS AND TRAINING TO HOSPITALS AND HEALTHCARE FACILITIES IN LOW AND MIDDLE-INCOME COUNTRIES.
TO ENCOURAGE AND FACILITATE RESEARCH OF UNSAFE HEALTHCARE AND PATIENT SAFETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristina Torgeson CEO | Officer | 40 | $177,610 |
Pauline Philip Dbe President | OfficerTrustee | 1 | $0 |
Alexander Hannenberg MD Secretary/clerk | OfficerTrustee | 1 | $0 |
Jason Yeung Treasurer | OfficerTrustee | 1 | $0 |
Kristine Stave Assistant Treasurer | Officer | 10 | $0 |
Faye Evans MD Director | Trustee | 1 | $0 |
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 | $3,325,105 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,325,105 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,325,105 |
| 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. | $198,941 |
| Compensation of current officers, directors, key employees. | $17,678 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $660,172 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,794 |
| Payroll taxes | $28,181 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $70,259 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,118 |
| Travel | $20,071 |
| 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 | $0 |
| Insurance | $6,425 |
| All other expenses | $0 |
| Total functional expenses | $2,454,533 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,192,225 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $67,262 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,259,487 |
| Accounts payable and accrued expenses | $31,109 |
| Grants payable | $0 |
| Deferred revenue | $444,197 |
| 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 | $193,873 |
| Total liabilities | $669,179 |
| Net assets without donor restrictions | $603,092 |
| Net assets with donor restrictions | $987,216 |
| 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 | $2,259,487 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Lifebox Foundation Inc has recieved totaling $69,486.
| Awarding Organization | Amount |
|---|---|
Bernard And Anne Spitzer Charitable Tr New York, NY PURPOSE: GENERAL PURPOSE | $50,000 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: MEDICAL / PUBLIC SERVICES | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $9,486 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Partnership Schools New York, NY | $64,379,139 | $24,282,663 |
Feeding Pennsylvania Lemoyne, PA | $10,818,120 | $21,841,545 |
Royal College Of Art Usa Inc New York, NY | $1,933,182 | $14,916,047 |
Imago Dei Fund Boston, MA | $57,020,766 | $29,637,241 |
Boston Charitable Trust Fund Boston, MA | $1,173,216 | $4,494,143 |
Nfa Foundation Inc Norwich, CT | $77,129,817 | $5,415,738 |
American Friends Of B Nai Levy Foundation Brooklyn, NY | $493,786 | $13,431,000 |
Rf Catalytic Capital Inc New York, NY | $241,603,034 | $246,273,218 |
University Of Pittsburgh And Upmc Medical And Health Sciences Fdn Pittsburgh, PA | $0 | $12,874,250 |
Freedom Fund Brooklyn, NY | $51,719,352 | $51,201,158 |
American Friends Of Leket Israel Inc Teaneck, NJ | $3,165,709 | $12,922,662 |
Provision Ministry Inc Westborough, MA | $833,220 | $12,247,682 |