Qualtex Laboratories
- Assets
- $74.8m
- Revenue
- $123.9m
- Investments
- $0.0
- Employees
- 177
- Location
- San Antonio, TX
- Founding
- 05/2007
- Data as of
- 12/2021
- EIN
- 20-8429619
Organization Overview
Qualtex Laboratories is located in San Antonio, TX. The organization was established in 2007. 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, Qualtex Laboratories employed 177 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Qualtex Laboratories 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, Qualtex Laboratories generated $123.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $122.7m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
QUALTEX IS DEDICATED TO SUPPORTING GLOBAL PUBLIC SAFETY WITH THE TIMELY DELIVERY OF HIGH-QUALITY TESTING SERVICES FOR PATIENTS, DONORS, AND REGULATED BIOLOGICAL PRODUCTS.
Describe the Organization's Program Activity:
QUALTEX LABORATORIES, A SUBSIDIARY OF BIOBRIDGE GLOBAL, IS FOCUSED ON SUPPORTING GLOBAL PUBLIC SAFETY AT ITS TEXAS AND GEORGIA LOCATIONS BY PROVIDING ADVANCED BIOLOGIC TESTING SERVICES FOR WHOLE BLOOD AND PLASMA AS WELL AS FOR OTHER HUMAN CELLS, TISSUE AND CELLULAR- AND TISSUE-BASED PRODUCTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Alan Lindenbaum Manager Inside Sales | 50 | $205,176 | |
Jose Raul Garcia Vice President, Sales | 50 | $203,959 | |
Edward Carter III COO (thru 06/2021) | Officer | 25 | $177,863 |
Chesinta Voma Director Clinical Laboratory | 50 | $148,908 | |
Delia Teresa Sanchez-Watkins Director, Laboratory Services | 50 | $141,305 | |
Promise Rene Trevino Corporate Account Executive | 50 | $139,215 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Abbott Laboratories Equip And Softw Main | 12/30/21 | $2,250,474 |
Ellkay Consulting | 12/30/21 | $968,395 |
Medsharps Waste Disposal | 12/30/21 | $186,877 |
Starlims Corporation Software Maint. | 12/30/21 | $176,949 |
Coldchain Technology Services Llc Sample Collections | 12/30/21 | $597,041 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $121,194,269 |
| Investment income | $437,931 |
| 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 | $123,906,915 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,000 |
| 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. | $346,652 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,236,330 |
| Pension plan accruals and contributions | $410,508 |
| Other employee benefits | $798,124 |
| Payroll taxes | $653,703 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $148,320 |
| Advertising and promotion | $12,297 |
| Office expenses | $801,760 |
| Information technology | $1,669,179 |
| Royalties | $0 |
| Occupancy | $2,426,710 |
| Travel | $47,829 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,652 |
| Interest | $328,644 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,214,393 |
| Insurance | $115,005 |
| All other expenses | -$146,766 |
| Total functional expenses | $122,688,808 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,935,969 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,758,268 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $33,681 |
| Inventories for sale or use | $4,061,933 |
| Prepaid expenses and deferred charges | $662,729 |
| Net Land, buildings, and equipment | $29,890,257 |
| Investments—publicly traded securities | $21,056,165 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,390,121 |
| Total assets | $74,789,123 |
| Accounts payable and accrued expenses | $10,284,598 |
| 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 | $12,566,813 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,863 |
| Total liabilities | $22,859,274 |
| Net assets without donor restrictions | $51,929,849 |
| 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 | $74,789,123 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carter Bloodcare Bedford, TX | $86,713,198 | $136,887,496 |
Qualtex Laboratories San Antonio, TX | $74,789,123 | $123,906,915 |
Oklahoma Blood Institute Oklahoma City, OK | $76,132,218 | $117,823,998 |
South Texas Blood & Tissue Center San Antonio, TX | $60,738,995 | $131,841,355 |
Gulf Coast Regional Blood Center Houston, TX | $143,740,289 | $118,093,258 |
Lifegift Organ Donation Center Houston, TX | $85,558,914 | $82,767,277 |
We Are Blood Austin, TX | $45,026,171 | $52,375,039 |
Lifeshare Blood Center Shreveport, LA | $48,760,940 | $43,868,545 |
The Blood Center New Orleans, LA | $41,493,296 | $29,196,381 |
Gencure San Antonio, TX | $25,453,948 | $11,678,298 |
Coastal Bend Blood Center Corpus Christi, TX | $23,138,757 | $12,101,189 |
Texoma Regional Blood Center Sherman, TX | $3,469,277 | $3,259,302 |