Lane Thomas Foundation
- Assets
- $6.0m
- Revenue
- $377.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Omaha, NE
- Founding
- 06/2017
- Data as of
- 12/2023
- EIN
- 81-4544601
Organization Overview
Lane Thomas Foundation is located in Omaha, NE. The organization was established in 2017. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, 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. Lane Thomas 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 12/2023, Lane Thomas Foundation generated $377.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (27.4%) each year. All expenses for the organization totaled $203.9k 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
THE LANE THOMAS FOUNDATION PROVIDES FINANCIAL SUPPORT TO FAMILIES WITH CHILDREN IN NEED OF LIFE-SAVING TRANSPLANTS. THE FOUNDATION ALSO FOCUSES ON RAISING AWARENESS ABOUT THE CRITICAL NEED FOR PEDIATRIC ORGAN DONATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LANE THOMAS FOUNDATION WORKS TO IMPROVE PUBLIC AWARENESS AND UNDERSTANDING FOR INCREASED PEDIATRIC ORGAN DONATION TO ULTIMATELY SAVE CHILDREN'S LIVES. THE FOUNDATION PROVIDED INFORMATION AND EDUCATION AT DONOR EVENTS AND PROVIDES INFORMATION REGARDING THE NEED FOR PEDIATRIC ORGAN DONATIONS ON ITS WEBSITE AND SOCIAL PAGES. THE FOUNDATION ALSO LAUNCHED A NATIONAL PUBLIC SERVICE ANNOUNCEMENT VIDEO AS PART OF THEIR KEEP LOVE ALIVE CAMPAIGN.
THE LANE THOMAS FOUNDATION PROVIDED $72,161 IN NON-MEDICAL FINANCIAL ASSISTANCE TO SUPPORT 22 FAMILIES OF CHILDREN UNDERGOING SOLID ORGAN OR BONE MARROW TRANSPLANTS, ALLOWING THE PARENTS TO FOCUS ON THEIR CHILD WHILE KEEPING THE FAMILY TOGETHER. FAMILIES OFTEN MUST TRAVEL FROM OUT OF STATE TO OBTAIN LIFE-SAVING MEDICAL SERVICES. THEY INCUR DUPLICATE LIVING EXPENSES WHILE THEY ARE AWAY FROM THEIR HOME AND OFTEN MUST LEAVE THEIR JOB DUE TO EXTENDED PERIODS OF TIME THEY MUST SPEND IN OMAHA. THE LANE THOMAS FOUNDATION ASSISTS THE FAMILIES WITH EXPENSES AT HOME (MORTGAGE/RENT, AUTO PAYMENT, AUTO INSURANCE, CELL PHONE, UTILITIES) WHILE THE CHILD IS IN THE HOSPITAL DURING THEIR TRANSPLANT JOURNEY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Graves Chairman | OfficerTrustee | 40 | $0 |
Melissa Graves Vice Chairman | OfficerTrustee | 20 | $0 |
Mark Conrad Treasurer | OfficerTrustee | 2 | $0 |
Dr Jeffrey Gold Board Member | Trustee | 1 | $0 |
Dr Joann Schaefer Board Member | Trustee | 1 | $0 |
Patrick Gottsch Board Member | 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 | $210,387 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $210,387 |
| Total Program Service Revenue | $0 |
| Investment income | $166,783 |
| 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 | $377,170 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $72,161 |
| 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 | $6,411 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $490 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,036 |
| Fees for services: Accounting | $3,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,028 |
| Advertising and promotion | $9,641 |
| Office expenses | $384 |
| Information technology | $2,868 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $93,468 |
| Insurance | $2,137 |
| All other expenses | $0 |
| Total functional expenses | $203,887 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $128,198 |
| Pledges and grants receivable | $58,400 |
| 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 | $3,105 |
| Net Land, buildings, and equipment | $8,211 |
| Investments—publicly traded securities | $5,766,157 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,964,071 |
| Accounts payable and accrued expenses | $5,126 |
| 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 | $5,126 |
| Net assets without donor restrictions | $5,958,945 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,964,071 |