Lifeshare Blood Center
- Assets
- $48.7m
- Revenue
- $47.3m
- Investments
- $650.7k
- Employees
- 604
- Location
- Shreveport, LA
- Founding
- 09/1958
- Data as of
- 12/2021
- EIN
- 72-0511367
Organization Overview
Lifeshare Blood Center is located in Shreveport, LA. The organization was established in 1958. According to its NTEE Classification (E61) the organization is classified as: Blood Banks, under the broad grouping of Health Care and related organizations. As of 12/2022, Lifeshare Blood Center employed 604 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lifeshare Blood Center 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, Lifeshare Blood Center generated $47.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $42.4m during the year ending 12/2021. 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
THE MISSION OF LIFESHARE BLOOD CENTER IS TO CONNECT DONORS AND THE LIVES THEY IMPACT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECT, PROCESS, AND DISTRIBUTE VOLUNTARILY DONATED BLOOD COMPONENTS FOR USE BY PATIENTS. PERFORM APHERESIS, LABORATORY AND SCIENTIFIC SUPPORT SERVICES RELATED TO PROVISION OF BLOOD COMPONENTS FOR USE BY PATIENTS.CONDUCT PUBLIC EDUCATION AND AWARENESS PROGRAMS FOR THE PURPOSE OF RECRUITING VOLUNTEER BLOOD DONORS.
LIFESHARE CELLULAR SERVICES: HOME TO THREE STATE-OF-THE-ART CLEAN ROOMS, RATED ISO 8, 7, AND 6, WITH A BIOSAFETY LAMINAR FLOW HOOD RATED ISO 5. OUR TEAMS ISOLATE, EXPAND, AND FREEZE HUMAN PLACENTAL MESENCHYMAL STROMAL/STEM CELLS (MSC), AS WELL AS HUMAN UMBILICAL CORD ENDOTHELIAL CELLS (HUVEC) AND AMNION.
PELICAN PLASMA: COLLECT PLASMA - THE MOST LIQUID PORTION OF YOUR BLOOD THAT HELPS TRANSPORT NUTRIENTS, ENZYMES, WASTE AND OTHER MATTER THROUGHOUT YOUR BODY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
O Michael Harris Trustee | Trustee | 2 | $0 |
Margaret Wallace Trustee | Trustee | 2 | $0 |
William Hankins Trustee | Trustee | 2 | $0 |
John Matessino Trustee | Trustee | 2 | $0 |
John Vanhoose Trustee | Trustee | 2 | $0 |
Verni Howard Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Storer Equipment Equipment Maintenance Services | 12/30/22 | $297,868 |
National Blood Testing Cooperative Blood Testing Services | 12/30/22 | $3,944,726 |
Asap Express Delivery Delivery Services | 12/30/22 | $260,086 |
Intercity Carriers Llc Delivery Services | 12/30/22 | $184,449 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,973,076 |
| Investment income | $237,226 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $197,404 |
| Net Gain/Loss on Asset Sales | $194,140 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $51,484 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $47,297,189 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $111,059 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,071,523 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,498,067 |
| Pension plan accruals and contributions | $709,625 |
| Other employee benefits | $3,543,407 |
| Payroll taxes | $1,179,860 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $170,838 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,226 |
| Fees for services: Other | $0 |
| Advertising and promotion | $196,097 |
| Office expenses | $168,845 |
| Information technology | $202,988 |
| Royalties | $0 |
| Occupancy | $98,010 |
| Travel | $172,812 |
| 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 | $2,127,773 |
| Insurance | $625,733 |
| All other expenses | $0 |
| Total functional expenses | $42,357,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,914,844 |
| Savings and temporary cash investments | $1,082,380 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,966,448 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,101,137 |
| Inventories for sale or use | $1,285,773 |
| Prepaid expenses and deferred charges | $746,820 |
| Investments—publicly traded securities | $7,758,790 |
| Investments—other securities | $650,717 |
| Investments—program-related | $0 |
| Intangible assets | $700,000 |
| Other assets | $847,791 |
| Total assets | $48,729,575 |
| Accounts payable and accrued expenses | $3,062,384 |
| 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 | $1,102,225 |
| Total liabilities | $4,164,609 |
| Net assets without donor restrictions | $44,564,966 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $44,564,966 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Qualtex Laboratories San Antonio, TX | $74,789,123 | $123,906,915 |
Gulf Coast Regional Blood Center Houston, TX | $143,740,289 | $118,093,258 |
South Texas Blood & Tissue Center San Antonio, TX | $49,876,428 | $96,309,531 |
Lifegift Organ Donation Center Houston, TX | $89,424,842 | $94,078,178 |
We Are Blood Austin, TX | $58,920,421 | $55,515,400 |
Lifeshare Blood Center Shreveport, LA | $48,729,575 | $47,297,189 |
The Blood Center New Orleans, LA | $44,641,960 | $26,309,432 |
Mississippi Blood Services Inc Flowood, MS | $18,819,197 | $20,283,043 |
Gencure San Antonio, TX | $21,827,142 | $5,012,409 |
Coastal Bend Blood Center Corpus Christi, TX | $25,016,407 | $12,347,075 |
Texoma Regional Blood Center Sherman, TX | $3,528,545 | $2,946,304 |
The Blood & Tissue Center Foundation San Antonio, TX | $1,168,128 | $1,236,454 |
Alliance For Community Transfusion Services Llc Bedford, TX | $1,076,327 | $521,331 |
Coffee Memorial Blood Center Foundation Amarillo, TX | $7,453,882 | $624,297 |
Lifeshare Blood Centers Foundation Shreveport, LA | $9,764,051 | $266,065 |