Lifeflight Foundation
- Assets
- $10.6m
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Augusta, ME
- Founding
- 02/2003
- Data as of
- 06/2022
- EIN
- 52-2377085
Organization Overview
Lifeflight Foundation is located in Augusta, ME. The organization was established in 2003. According to its NTEE Classification (E62) the organization is classified as: Emergency Medical Services & Transport, 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. Lifeflight Foundation 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 06/2022, Lifeflight Foundation generated $7.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $3.0m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE LIFEFLIGHT FOUNDATION (LFF) SUPPORTS LIFEFLIGHT OF MAINE (LOM) IN THE PROVISION OF EMERGENT CRITICAL CARE MEDICAL SERVICES TO PATIENTS NEEDING SPECIALIZED CARE THROUGHOUT MAINE AND, UNDER MUTUAL AID, THE OTHER STATES OF NORTHERN NEW ENGLAND. LOM PROVIDES SERVICES TO CRITICALLY ILL AND INJURED PATIENTS REGARDLESS OF INSURANCE COVERAGE AND ABILITY TO PAY FOR THE COST OF MEDICAL CARE. LFF PROVIDES CAPITAL SUPPORT FOR:1. AIRCRAFT ACQUISITION AND REPLACEMENT PARTS;2. SPECIALIZED MEDICAL EQUIPMENT USED ON LOM HELICOPTERS, THE AIRPLANE, AND SPECIALIZED GROUND VEHICLES;3. EMERGENCY AVIATION INFRASTRUCTURE IMPROVEMENTS SUCH AS HOSPITAL HELIPADS, AUTOMATED WEATHER SYSTEMS, AND LOW-LEVEL INSTRUMENT FLIGHT INFRASTRUCTURE; AND,4. SUPPORT FOR LIFEFLIGHT'S EDUCATION PROGRAMS, SUCH AS THE CRITICAL CARE ACADEMY AND HIGH-FIDELITY MEDICAL SIMULATION PROVIDED BY LOM TO PHYSICIANS, PHYSICIAN EXTENDERS, NURSES, PARAMEDICS, AND EMERGENCY MEDICAL TECHNICIANS THROUGHOUT THE STATE.
Describe the Organization's Program Activity:
THE LFF SUPPORTS A WIDE RANGE OF CONTINUING MEDICAL AND SAFETY EDUCATION PROVIDED BY LIFEFLIGHT OF MAINE. THE CONTINUING MEDICAL EDUCATION AND SIMULATION PROGRAM IS USED BY HOSPITALS AND EMS AGENCIES THROUGHOUT MAINE TO IMPROVE THE CARE OF CRITICALLY ILL AND INJURED PATIENTS WITH A SPECIAL FOCUS ON CHILDREN.
THE LFF SUPPORTS THE SAFETY AND AVAILABILITY OF LOM SERVICES THROUGH A PRIVATE-PUBLIC PARTNERSHIP WITH THE STATE OF MAINE AND THE FEDERAL AVIATION ADMINISTRATION TO IMPROVE AIRPORTS, HOSPITAL HELIPADS, AUTOMATED WEATHER OBSERVATION SYSTEMS, WEATHER CAMERAS, AND INSTRUMENT FLIGHT PROCEDURES AND ROUTES.
IN FY2022, THE FOUNDATION SUPPORTED THE WORK OF LIFEFLIGHT OF MAINE IN THE FOLLOWING WAYS:- SECURED FULL FUNDING TO PURCHASE A THIRD, NEW HELICOPTER TO "COMPLETE THE FLEET" UPGRADE.- SECURED A RESTRICTED $1 M GIFT TO ESTABLISH THE ORGANIZATION'S FIRST ENDOWED FUND. - SECURED A LEAD GIFT FROM BANGOR SAVINGS BANK TO PURCHASED EQUIPMENT TO CREATE A SERIES OF INTERCONNECTED LEARNING AND SIMULATION LABS, ONE AT EACH LF BASE.- SECURED FUNDS TO PURCHASE A NEW VEHICLE FOR THE LOM INFRASTRUCTURE ENGINEER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel R Daigneault Chair | OfficerTrustee | 2.5 | $0 |
Zachary Brandwein Vice Chair | OfficerTrustee | 2 | $0 |
Richard J Marshuetz Treasurer | OfficerTrustee | 1 | $0 |
Mackenzie Lyman Secretary | OfficerTrustee | 0.5 | $0 |
Courtney Amos Director | Trustee | 0.5 | $0 |
David Berez Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Belfort Instrument Company Awos And Gps Installation | 6/29/15 | $260,993 |
Affiliated Healthcare Management Management Services | 6/29/15 | $225,286 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $367,999 |
| Related organizations | $0 |
| Government grants | $117,935 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,356,544 |
| Noncash contributions included in lines 1a–1f | $1,119,027 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,842,478 |
| Total Program Service Revenue | $794,221 |
| Investment income | $18,050 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$61,911 |
| Net Income from Gaming Activities | $1,606 |
| Net Income from Sales of Inventory | $7,434 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,601,878 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,802,354 |
| 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 | $794,221 |
| Fees for services: Legal | $1,164 |
| Fees for services: Accounting | $31,384 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $20,346 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $67,081 |
| Advertising and promotion | $71,562 |
| Office expenses | $63,638 |
| Information technology | $26,737 |
| Royalties | $0 |
| Occupancy | $58,077 |
| Travel | $4,613 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,283 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,403 |
| Insurance | $3,378 |
| All other expenses | $49,782 |
| Total functional expenses | $3,001,023 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $301,402 |
| Savings and temporary cash investments | $7,377,716 |
| Pledges and grants receivable | $1,508,446 |
| 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 | $8,833 |
| Net Land, buildings, and equipment | $1,662 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $28,163 |
| Other assets | $1,407,204 |
| Total assets | $10,633,426 |
| Accounts payable and accrued expenses | $61,181 |
| 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 | $422,715 |
| Total liabilities | $483,896 |
| Net assets without donor restrictions | $1,938,272 |
| Net assets with donor restrictions | $8,211,258 |
| 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 | $10,633,426 |