New York Blood Center Inc
- Assets
- $819.0m
- Revenue
- $392.0m
- Investments
- $397.0m
- Employees
- 2,699
- Location
- New York, NY
- Founding
- 02/1961
- Data as of
- 12/2021
- EIN
- 13-1949477
Organization Overview
New York Blood Center Inc is located in New York, NY. The organization was established in 1961. 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 12/2021, New York Blood Center Inc employed 2,699 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York Blood Center 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 12/2021, New York Blood Center Inc generated $392.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $387.7m during the year ending 12/2021. While expenses have increased by 2.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
AS ONE OF THE MOST PREEMINENT AND COMPREHENSIVE BLOOD CENTERS IN THE WORLD, NEW YORK BLOOD CENTER OPERATES UNDER A FOUR-PART MISSION.SPECIFICALLY, NYBC EXISTS:- TO PROVIDE THE HIGHEST QUALITY BLOOD AND STEM CELL PRODUCTS AND RELATED MEDICAL AND CONSULTATIVE SERVICES TO HOSPITALS AND PATIENTS.- TO CONDUCT THE HIGHEST QUALITY, NOVEL AND INNOVATIVE RESEARCH IN THE FIELDS OF HEMATOLOGY, BLOOD BANKING AND TRANSFUSION MEDICINE, AND CELLULAR THERAPIES, THUS ADVANCING THESE FIELDS AND POSITIVELY IMPACTING THE PUBLIC HEALTH- TO DEVELOP PRODUCTS, TECHNOLOGIES, AND SERVICES IN THE FIELDS OF HEMATOLOGY, BLOOD BANKING, AND TRANSFUSION MEDICINE AND CELLULAR THERAPIES, WITH THE POTENTIAL TO HAVE WORLDWIDE HUMANITARIAN IMPACT- TO TRAIN THE NEXT GENERATION OF LEADERS IN EACH OF THESE FIELDS
Describe the Organization's Program Activity:
Part 3 - Line 4a
BLOOD SERVICES: THE COLLECTION AND PROCESSING OF BLOOD PRODUCTS,TESTING OF BLOOD SAMPLES AND THE DISTRIBUTION OF THESE PRODUCTS TOHOSPITALS IN THE REGIONS SERVED BY NYBCE DIVISIONS.
MEDICAL PROGRAMS: PROGRAMS INCLUDE (1) CLINICAL SERVICES(INCLUDING TRANSFUSION THERAPY SERVICES); (2) BONE MARROW PROGRAM;AND (3) HEMOPHILIA SERVICES CONSORTIUM.NATIONAL CORD BLOOD PROGRAM: THE COLLECTION, PROCESSING ANDSTORAGE OF CORD BLOOD UNITS AND THE DISTRIBUTION OF THESE UNITSFOR TREATMENT OR FOR RESEARCH PURPOSES.
RESEARCH PROGRAM: THE NEW YORK BLOOD CENTER OPERATES AWIDE-RANGING PROGRAM OF RESEARCH INTO THE PROPERTIES OF BLOOD ANDBLOOD RELATED DISEASES.
BLOOD SERVICES: THE COLLECTION AND PROCESSING OF BLOOD PRODUCTS,TESTING OF BLOOD SAMPLES AND THE DISTRIBUTION OF THESE PRODUCTS TOHOSPITALS IN THE REGIONS SERVED BY NYBCE DIVISIONS.
MEDICAL PROGRAMS: PROGRAMS INCLUDE (1) CLINICAL SERVICES(INCLUDING TRANSFUSION THERAPY SERVICES); (2) BONE MARROW PROGRAM;AND (3) HEMOPHILIA SERVICES CONSORTIUM.NATIONAL CORD BLOOD PROGRAM: THE COLLECTION, PROCESSING ANDSTORAGE OF CORD BLOOD UNITS AND THE DISTRIBUTION OF THESE UNITSFOR TREATMENT OR FOR RESEARCH PURPOSES.
RESEARCH PROGRAM: THE NEW YORK BLOOD CENTER OPERATES AWIDE-RANGING PROGRAM OF RESEARCH INTO THE PROPERTIES OF BLOOD ANDBLOOD RELATED DISEASES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Hillyer President & Chief Executive Officer | OfficerTrustee | 50 | $1,981,392 |
Elizabeth Mcquail Evp - Ops & Manufacturing/coo | Officer | 50 | $826,488 |
Joseph Mohr Chief Financial And Business Officer | Officer | 50 | $553,073 |
Robert Purvis Chief Of Staff | Officer | 50 | $509,624 |
Betsy Jett SVP - Chief Qual & Regulatory Officer | Officer | 50 | $466,046 |
Jordana Schwartz SVP - General Counsel/secretary | Officer | 50 | $465,763 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Atos It Solutions And Service It Services | 12/30/21 | $2,688,919 |
Dougherty Clifford & Wadsworth Corporat Marketing Services | 12/30/21 | $2,665,100 |
Crossroads Courier Messenger | 12/30/21 | $2,079,112 |
Markham And Stein Unlimited Marketing Services | 12/30/21 | $1,803,490 |
Incept Corporation Blood Donor Marketing | 12/30/21 | $3,209,776 |
Atos It Solutions And Service It Services | 12/30/21 | $2,688,919 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,351,347 |
| All other contributions, gifts, grants, and similar amounts not included above | $416,382 |
| Noncash contributions included in lines 1a–1f | $59,905 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,767,729 |
| Total Program Service Revenue | $376,487,315 |
| Investment income | $451,718 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $961,506 |
| Net Gain/Loss on Asset Sales | $1,334,425 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $392,002,693 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,694 |
| Grants and other assistance to domestic individuals. | $71,324 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $9,431,808 |
| Compensation of current officers, directors, key employees. | $8,299,991 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $104,814,198 |
| Pension plan accruals and contributions | $4,184,170 |
| Other employee benefits | $25,822,675 |
| Payroll taxes | $7,625,034 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,377,048 |
| Fees for services: Accounting | $241,922 |
| Fees for services: Lobbying | $664,413 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,197,203 |
| Fees for services: Other | $6,813,741 |
| Advertising and promotion | $1,624,458 |
| Office expenses | $685,578 |
| Information technology | $6,943,275 |
| Royalties | $0 |
| Occupancy | $12,321,155 |
| Travel | $748,179 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $655,751 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,369,236 |
| Insurance | $2,873,132 |
| All other expenses | $12,345,655 |
| Total functional expenses | $387,704,513 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,043,932 |
| Savings and temporary cash investments | $638,260 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $68,618,283 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $34,983,628 |
| Prepaid expenses and deferred charges | $5,122,267 |
| Net Land, buildings, and equipment | $95,480,765 |
| Investments—publicly traded securities | $1,110,391 |
| Investments—other securities | $397,038,436 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $148,986,656 |
| Total assets | $819,022,618 |
| Accounts payable and accrued expenses | $55,213,705 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $7,027,086 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,275,208 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $151,586,671 |
| Total liabilities | $221,102,670 |
| Net assets without donor restrictions | $597,287,659 |
| Net assets with donor restrictions | $632,289 |
| 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 | $819,022,618 |
Grants Awarded
Over the last fiscal year, New York Blood Center Inc has awarded $46,400 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Bethesda, MD PURPOSE: general support | $25,000 |
New York, NY PURPOSE: general support | $15,000 |
Seal Beach, CA PURPOSE: general support | $6,400 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that New York Blood Center Inc has recieved totaling $2,685,258.
| Awarding Organization | Amount |
|---|---|
Fred Hutchinson Cancer Research Center Seattle, WA PURPOSE: VACCINE AND INFECTIOUS DISEASE | $2,620,597 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $17,026 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $16,325 |
Monique Weil-Caulier Tr New York, NY PURPOSE: MEDICAL RESEARCH | $15,000 |
Lincoln Community Foundation Inc Lincoln, NE PURPOSE: GENERAL SUPPORT | $12,790 |
Quentin J Kennedy Foundation Tenafly, NJ PURPOSE: CHARITABLE | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Blood Center Inc New York, NY | $819,022,618 | $392,002,693 |
The Subsidiaries Of The Institute For Transfusion Medicine Pittsburgh, PA | $151,126,881 | $181,317,847 |
Hcsc Blood Center Allentown, PA | $19,286,704 | $28,821,551 |
Central Pennsylvania Blood Bank Hummelstown, PA | $15,323,088 | $15,845,054 |
Community Blood Bank Of Erie County Erie, PA | $4,765,344 | $7,315,066 |
Williamsport Area Ambulance Service Cooperative Pittsburgh, PA | $2,645,116 | $6,256,971 |
Pocono Mountain Regional Emergency Medical Services Inc Tobyhanna, PA | $3,234,730 | $3,504,983 |
The Institute For Transfusion Medicine Pittsburgh, PA | $0 | $5,367,258 |
Brooklyn United Methodist Continuum Services Inc Brooklyn, NY | $2,535,884 | $1,632,294 |
Central Jersey Blood Center Inc Summit, NJ | $0 | $410,254 |
Blood Science Foundation Pittsburgh, PA | $54,733,900 | $2,135,841 |
Childrens Cancer And Blood Foundation Inc New York, NY | $3,476,465 | $599,415 |