Versiti Wisconsin Inc

Organization Overview

Versiti Wisconsin Inc is located in Milwaukee, WI. The organization was established in 1994. 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, Versiti Wisconsin Inc employed 1,234 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Versiti Wisconsin 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 12/2020, Versiti Wisconsin Inc generated $186.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $186.2m during the year ending 12/2020. While expenses have increased by 3.3% per year over the past 6 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.

Since 2014, Versiti Wisconsin Inc has awarded 32 individual grants totaling $41,735,174. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

(SEE SCHEDULE O) VERSITI WISCONSIN, INC. (VERSITI WISCONSIN) IS A BLOOD HEALTH INNOVATOR WHO ENHANCES LIVES THROUGH DISCOVERY, DIAGNOSIS AND TREATMENT. VERSITI EXPANDS THE FRONTIERS OF PATIENT HEALTH THROUGH THE INTEGRATION OF SCIENCE, MEDICINE AND SERVICE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

VERSITI RECRUITS VOLUNTEER BLOOD DONORS, COLLECTS, PROCESSES AND DISTRIBUTES BLOOD AND BLOOD COMPONENTS TO PROVIDE A SAFE AND RELIABLE SUPPLY OF BLOOD FOR HOSPITALS AND OTHER BLOOD CENTERS SERVED. DURING 2021, 163,084 BLOOD UNITS WERE COLLECTED.


VERSITI RESEARCH ADVANCES THE SCIENTIFIC AND MEDICAL UNDERSTANDING OF BLOOD BIOLOGY AND BLOOD DISEASE TO IMPROVE HEALTH. DURING 2021, VERSITI HAD 37 INVESTIGATORS.


VERSITI OPERATES THE COMPREHENSIVE CENTER FOR BLEEDING DISORDERS (CCBD), UNDER A FEDERAL SUBAWARD AGREEMENT OF THE SOCIAL SECURITY ACT. CCBD PROVIDES CRITICAL SERVICES TO BLEEDING AND CLOTTING DISORDER PATIENTS AND THEIR FAMILIES. AS A COVERED ENTITY UNDER THE FEDERAL 340B DRUG DISCOUNT PROGRAM, VERSITI IS ELIGIBLE TO ACCESS CERTAIN SPECIALTY PHARMACEUTICALS AT DISCOUNTED PRICING. PHARMACEUTICAL NET INCOME IS PROGRAM INCOME AND FUNDS ARE RESTRICTED TO ACTIVITIES AND EXPENDITURES THAT FURTHER ELIGIBLE PROJECTS AND PROGRAM OBJECTIVES; INCLUDING PATIENT CARE, EDUCATION, SUPPORT SERVICES, APPROVED GRANT RESEARCH AND OTHER COSTS. VERSITI PROVIDES THESE SPECIALTY PHARMACY PRODUCTS TO HOME CARE PATIENTS AND HOSPITAL SYSTEMS. DURING 2021, 16,494 VIALS OF SPECIALTY PHARMACY PRODUCTS WERE PROVIDED.


A. VERSITI WISCONSIN, INC. (VERSITI) PROVIDES CLINICAL DIAGNOSTIC TESTING SERVICES TO HOSPITALS, PHYSICIAN OFFICES AND OTHER REFERENCE LABORATORIES. DURING 2021, 126,311 TESTS WERE PERFORMED.B. VERSITI ORGAN AND TISSUE DONATION COMBINES PROCUREMENT SERVICES AND EDUCATION TO ENHANCE THE LIVES OF PATIENTS AND PROVIDES GUIDANCE TO THE FAMILIES OF POTENTIAL DONORS. DURING 2021, 305 ORGANS WERE TRANSPLANTED AND 559 MUSKULOSKELETAL DONORS WERE SEEN.C. VERSITI MEDICAL SERVICES PROVIDES MEDICAL AND THERAPEUTIC SERVICES IN PARTNERSHIP WITH LOCAL HOSPITALS. DURING 2021, 3,509 THERAPEUTIC PROCEDURES WERE PERFORMED.D. VERSITI DONOR TESTING LABORATORY PROVIDES INFECTIOUS DISEASE TESTING TO DETERMINE DONOR SUITABILITY AND PRODUCT SAFETY FOR VERSITI AFFILIATES AND OTHER BLOOD CENTER PARTNERS.THE COMBINED TOTALS FOR DIAGNOSTIC LABORATORY, ORGAN AND TISSUE DONATION, MEDICAL SERVICES, AND DONOR TESTING LABORATORY ARE SUMMARIZED BELOW.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Cerner Corporation
Software Support
$749,373
Bmw Expeditors Inc
Delivery Services
$261,935
Clean Power Llc
Cleaning Services
$383,781
Invita Healthcare Technologies
Software Technology
$198,906
Medical College Of Wisconsin Inc
Physician Services
$593,476
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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$7,881,629
Government grants $16,526,642
All other contributions, gifts, grants, and similar amounts not included above$2,239,661
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$26,647,932
Total Program Service Revenue$157,815,223
Investment income $1,834,351
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$7,053
Net Gain/Loss on Asset Sales $434,861
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $186,827,160

Grants Awarded

Over the last fiscal year, Versiti Wisconsin Inc has awarded $12,025,100 in support to 3 organizations.

Grant RecipientAmount

VERSITI BLOOD RESEARCH INSTITUTE FOUNDATION INC

Org PageRecipient Profile

Milwaukee, WI

PURPOSE: RESEARCH

$11,915,000

GREAT LAKES HEMOPHILIA FOUNDATION INC

Org PageRecipient Profile

Milwaukee, WI

PURPOSE: PATIENT FINANCIAL ASSISTANCE

$102,100

UNIVERSITY OF WASHINGTON

PURPOSE: ANNUAL EDUCATION SUMMIT

$8,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Versiti Wisconsin Inc has recieved totaling $1,000.

Awarding OrganizationAmount
Dudley And Constance Godfrey Foundation Inc

Milwaukee, WI

PURPOSE: SCIENTIFIC

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$99,612,019
Earnings$16,077,669
Net Contributions$1,371,435
Other Expense$4,159,834
Ending Balance$112,901,289

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