Blood Science Foundation
- Assets
- $54.7m
- Revenue
- $2.1m
- Investments
- $14.7m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 05/2017
- Data as of
- 12/2021
- EIN
- 25-1562715
Organization Overview
Blood Science Foundation is located in Pittsburgh, PA. The organization was established in 2017. According to its NTEE Classification (E61) the organization is classified as: Blood Banks, 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. Blood Science 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 12/2021, Blood Science Foundation generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (26.7%) each year. All expenses for the organization totaled $1.8m 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
VITALANT FOUNDATION SECURES AND STEWARDS CHARITABLE GIFTS TO SUPPORT VITALANT'S MISSION TO UNITE BLOOD AND BIOLOGICS DONORS, TALENT AND INNOVATION TO SAVE AND IMPROVE LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VITALANT FOUNDATION (FORMERLY KNOWN AS BLOOD SCIENCE FOUNDATION) PROVIDES FUNDING TO VITALANT TO SUPPORT THE MISSION OF THE ORGANIZATION, IN AN AMOUNT EQUALLY OR EXCEEDING THE DISTRIBUTABLE AMOUNT AS DESCRIBED IN TREASURY REGULATION 1.509(A)-4(I)(5)(II). THE FOUNDATION ALSO FUNDED A STUDY DURING THE PERIOD FOR $330,295.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Giaquinto President & Treasurer | OfficerTrustee | 40 | $0 |
Roger Oxendale Director & Chair | OfficerTrustee | 1 | $0 |
Shelley N Miscampbell Secretary | Officer | 40 | $0 |
Jim Schraith Director | Trustee | 1 | $0 |
Sunny Chico Director | Trustee | 1 | $0 |
Robert Ostrowski Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Campbell & Company Fundraising Project Consultant | 6/29/21 | $102,990 |
Elias Savion Advertising Marketing/public Relations/media Consult | 6/29/21 | $114,353 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $42,448 |
| Related organizations | $40,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $105,229 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $187,677 |
| Total Program Service Revenue | $0 |
| Investment income | $1,774,889 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $184,781 |
| Net Income from Fundraising Events | -$11,506 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,135,841 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,239,762 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $313,341 |
| Fees for services: Legal | $30,246 |
| Fees for services: Accounting | $39,577 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $2,348 |
| Fees for services: Investment Management | $27,061 |
| Fees for services: Other | $43,905 |
| Advertising and promotion | $67,157 |
| Office expenses | $15,439 |
| Information technology | $16,595 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,643 |
| 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 | $0 |
| Insurance | $1,320 |
| All other expenses | $0 |
| Total functional expenses | $1,810,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $198,725 |
| Savings and temporary cash investments | $294,245 |
| Pledges and grants receivable | $200 |
| 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 | $440 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $39,576,727 |
| Investments—other securities | $14,663,563 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $54,733,900 |
| Accounts payable and accrued expenses | $707,936 |
| 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 | $707,936 |
| Net assets without donor restrictions | $53,800,005 |
| Net assets with donor restrictions | $225,959 |
| 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 | $54,733,900 |
Grants Awarded
Over the last fiscal year, Blood Science Foundation has awarded $1,669,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Pittsburgh, PA PURPOSE: RESEARCH | $1,000,000 |
Pittsburgh, PA PURPOSE: RESEARCH | $388,000 |
Pittsburgh, PA PURPOSE: OPERATIONAL SUPPORT AND FELLOWSHIP | $111,000 |
Pittsburgh, PA PURPOSE: SICKLE CELL DISEASE RESEARCH | $95,000 |
Baltimore, MD PURPOSE: RESEARCH | $75,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Blood Science Foundation has recieved totaling $94,600.
| Awarding Organization | Amount |
|---|---|
Highmark Foundation Pittsburgh, PA PURPOSE: TO SUPPORT A COMMUNITY CAMPAIGN TO INCREASE DONORS BY DEBUNKING THE MYTHS AND FEARS SURROUNDING BLOOD DONATION. | $90,000 |
Edward B Dunlap Jr Foundation Canonsburg, PA PURPOSE: N/A | $2,500 |
Tippins Foundation Pittsburgh, PA PURPOSE: MEDICAL RESEARCH | $1,000 |
Gery And Sunny Chico Family Foundation Scottsdale, AZ PURPOSE: GENERAL FUND | $1,000 |
William J & Ann M Roll Foundation Northumberland, PA PURPOSE: RESEARCH | $100 |
Endowment Analysis
| Beg. Balance | $2,575 |
| Net Contributions | $596,021 |
| Other Expense | $279,817 |
| Ending Balance | $318,779 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Association Of Blood Banks Bethesda, MD | $24,237,461 | $17,845,261 |
Central Pennsylvania Blood Bank Hummelstown, PA | $15,323,088 | $15,845,054 |
Blood Bank Of Delmarva Inc Newark, DE | $0 | $12,947,614 |
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 |
Platelet Disorder Support Association Inc Brecksville, OH | $4,502,272 | $1,820,587 |
Childrens Cancer And Blood Foundation Inc New York, NY | $3,476,465 | $599,415 |