The Institute For Transfusion Medicine

Organization Overview

The Institute For Transfusion Medicine is located in Pittsburgh, PA. The organization was established in 2010. According to its NTEE Classification (E61) the organization is classified as: Blood Banks, under the broad grouping of Health Care and related organizations. Institute For Transfusion Medicine 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 12/2019, Institute For Transfusion Medicine generated $5.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 31.1% each year . All expenses for the organization totaled $3.0m during the year ending 12/2019. While expenses have increased by 2.9% per year over the past 5 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE BEST IN CLASS BLOOD PRODUCTS AND CLINICAL SERVICES TO MEET THE NEEDS OF THE HEALTHCARE COMMUNITY, PATIENTS & OUR DONORS THROUGH ADVANCED TRANSFUSION MEDICINE PRACTICES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE INSTITUTE FOR TRANSFUSION MEDICINE (ITXM) IS THE "PARENT" ENTITY OF A HEALTH CARE SYSTEM DEDICATED TO PROVIDING BLOOD AND BLOOD-RELATED PRODUCTS AND SERVICES TO THE COMMUNITY. ITXM PROVIDES CERTAIN SERVICES FOR ITSELF AND FOR ITS AFFILIATED ORGANIZATIONS, INCLUDING ACCOUNTING, PURCHASING, HUMAN RESOURCES, QUALITY ASSURANCE, INFORMATION SYSTEMS, STRATEGIC PLANNING, EDUCATION, MAINTENANCE AND CORPORATE ADMINISTRTATION. THE CONSOLIDATION OF THESE SERVICES IN ONE ENTITY PROVIDES ECONOMIES OF SCALE AND EFFICIENCY SO AS TO IMPROVE THE DELIVERY OF COST EFFECTIVE HEALTH CARE TO THE COMMUNITY AT LARGE. ITXM PROVIDES TRAINING PROGRAMS FOR MEDICAL RESIDENTS AND FELLOWS IN THE AREAS OF TRANSFUSION MEDICINE AND COAGULATION. ITXM IS ALSO INVOLVED IN RESEARCH. ITXM MEDICAL STAFF PARTICIPATE IN IMPORTANT NATIONAL CLINICAL TRIALS IN BLOOD SAFETY, TRANSFUSION AND HEMOSTASIS. EDUCATING THE COMMUNITY IS ALSO A SERVICE PROVIDED BY ITXM. THROUGH AN ACTIVE SPEAKERS' BUREAU AND JOINT PROGRAMS WITH OTHER HEALTH CARE PROVIDERS, ITXM PRESENTS INFORMATION ON THE SAFETY OF BLOOD, BLOOD COMPONENT THERAPY, COAGULATION, THROMBOSIS AND OTHER PERTINENT TOPICS. SINCE IT IS ESTIMATED THAT TWO OUT OF FIVE PEOPLE WILL NEED A BLOOD TRANSFUSION AT SOME POINT IN THEIR LIVES, THESE EDUCATIONAL OPPORTUNITIES HELP CAREGIVERS, PATIENTS AND POTENTIAL RECIPIENTS OF THIS PRECIOUS RESOURCE UNDERSTAND THE BLOOD SUPPLY AND TRANSFUSION ISSUES AND ALLEVIATE SOME OF THE MISCONCEPTIONS RELATED TO TRANSFUSION MEDICINE.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Upp-department Of Pathology
Physician Services
$1,195,476
Nixon Peabody Llc
Legal Services
$478,796
Synergy Management Consultants Llc
Business Mgmt Consul
$1,171,251
University Of Pittsburgh
Research Personnel
$419,830
Summit Systems Integration Llc
Software Integration
$419,353
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$2,115,491
Government grants $236,021
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$2,351,512
Total Program Service Revenue$0
Investment income $1,364,600
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,651,146
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,367,258

Grants Awarded

Over the last fiscal year, The Institute For Transfusion Medicine has awarded $2,300,468 in support to 4 organizations.

Grant RecipientAmount

UNIVERSITY OF PITTSBURGH-DEPT OF MEDICINE

Org PageRecipient Profile

Pittsburgh, PA

PURPOSE: ESTABLISH A HEMOSTASIS CLINIC

$1,500,000

ALLEGHENY-SINGER RESEARCH INSTITUTE

Org PageRecipient Profile

Pittsburgh, PA

PURPOSE: BLOOD PRODUCT RESEARCH STUDY

$499,956

UNIVERSITY OF VIRGINIA

Org PageRecipient Profile

Charlottesville, VA

PURPOSE: TRANSFUSION SAFETY OFFICER

$215,000

UPMC-UNIVERSITY OF PGH PHY

PURPOSE: SICKLE CELL TREATMENT

$85,512
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that The Institute For Transfusion Medicine has recieved totaling $111,000.

Awarding OrganizationAmount
Blood Science Foundation

Pittsburgh, PA

PURPOSE: OPERATIONAL SUPPORT AND FELLOWSHIP

$111,000
View Grant Recipient Profile

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