Bio Bridge
- Assets
- $72.6m
- Revenue
- $35.4m
- Investments
- $0.0
- Employees
- 223
- Location
- San Antonio, TX
- Founding
- 02/2013
- Data as of
- 12/2021
- EIN
- 45-4765222
Organization Overview
Bio Bridge is located in San Antonio, TX. The organization was established in 2013. According to its NTEE Classification (E02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Health Care and related organizations. As of 12/2023, Bio Bridge employed 223 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bio Bridge 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, Bio Bridge generated $35.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $31.9m during the year ending 12/2021. While expenses have increased by 7.1% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
BIOBRIDGE GLOBAL(BBG) IS ORGANIZED FOR THE EXCLUSIVE PURPOSE OF SUPPORTING, AS THE SOLE MEMBER, SOUTH TEXAS BLOOD & TISSUE CENTER(STBTC), QUALTEX LABORATORIES (SEE SCH.O)
Describe the Organization's Program Activity:
BIOBRIDGE GLOBAL IS ORGANIZED FOR THE EXCLUSIVE PURPOSE OF SUPPORTING, AS THE SOLE MEMBER, SOUTH TEXAS BLOOD & TISSUE CENTER (STBTC), QUALTEX LABORATORIES (QUALTEX), GENCURE, AND THE BLOOD & TISSUE CENTER FOUNDATION (THE FOUNDATION) BY PROVIDING SUPPORT AND ADMINISTRATIVE FUNCTIONS THAT PROMOTE AND SUPPORT THE CHARITABLE MISSION AND PURPOSES OF STBTC, QUALTEX, GENCURE, AND THE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martin Landon Ex-Officio Dir/ceo | OfficerTrustee | 49 | $993,227 |
William Richey Wyatt Svp/gen Counsel & Chief Comp | Officer | 50 | $432,244 |
Rachel-Louise Beddard Svp/chief Medical Officer | Officer | 50 | $352,564 |
Edward Carter III Svp/chief Commercial Officer | Officer | 50 | $363,836 |
Mark Edward Fite Svp, Coo, Qualtex | Officer | 1 | $0 |
Adrienne Mendoza Svp/coo, Stbtc (eff 04/22) | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Shi International Corp Equip & Sftw Maint | 12/30/22 | $743,903 |
Allied Universal Security Services Security | 12/30/22 | $518,164 |
Equip Enterprises Janitorial | 12/30/22 | $370,006 |
Mastercontrol Inc Software Maintenance | 12/30/22 | $362,185 |
Softway Solutions Inc Dba Culture Consulting | 12/30/22 | $223,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $156,277 |
| Investment income | $553,976 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$16,657 |
| Net Gain/Loss on Asset Sales | $555,968 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $35,430,455 |
| Statement of Expenses | |
|---|---|
| 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. | $3,283,504 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,798,906 |
| Pension plan accruals and contributions | $743,833 |
| Other employee benefits | $1,826,007 |
| Payroll taxes | $1,068,871 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $181,462 |
| Fees for services: Accounting | $164,540 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $202,486 |
| Fees for services: Other | $899,623 |
| Advertising and promotion | $221,775 |
| Office expenses | $691,376 |
| Information technology | $1,700,763 |
| Royalties | $0 |
| Occupancy | $1,596,321 |
| Travel | $164,921 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $40,795 |
| Interest | $47,953 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,665,473 |
| Insurance | $58,577 |
| All other expenses | $0 |
| Total functional expenses | $31,920,674 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $448,183 |
| Savings and temporary cash investments | $1,578,534 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $556,109 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $351,797 |
| Inventories for sale or use | $1,290,067 |
| Prepaid expenses and deferred charges | $1,664,606 |
| Investments—publicly traded securities | $47,542,587 |
| Investments—other securities | $0 |
| Investments—program-related | $4,685,886 |
| Intangible assets | $0 |
| Other assets | $2,573,417 |
| Total assets | $72,557,364 |
| Accounts payable and accrued expenses | $6,822,431 |
| 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 | $1,830,744 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $160,599 |
| Total liabilities | $8,813,774 |
| Net assets without donor restrictions | $63,736,731 |
| Net assets with donor restrictions | $6,859 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $63,743,590 |
Grants Awarded
Over the last fiscal year, Bio Bridge has awarded $368,509 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE BLOOD & TISSUE CENTER FOUNDATION PURPOSE: OPERATIONS | $358,368 |
UNITED WAY OF SAN ANTONIO PURPOSE: OPERATIONS | $10,141 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bio Bridge San Antonio, TX | $72,557,364 | $35,430,455 |
Methodist Family Health Inc Little Rock, AR | $16,586,255 | $12,843,812 |
New Mexico Primary Medical Care Albuquerque, NM | $7,634,038 | $5,970,463 |
Myhealth Access Network Inc Tulsa, OK | $3,372,566 | $6,546,807 |
Tejas Next Health Leander, TX | $1,888,869 | $5,719,902 |
His Centre Bulverde, TX | $5,249,160 | $2,313,723 |
Tejas Behaviorial Health Management Association Leander, TX | $1,625,437 | $1,832,066 |
Sooneverse Inc Oklahoma City, OK | $292,534 | $1,488,843 |
Golden Crescent Regional Advisory Council Victoria, TX | $343,537 | $498,051 |
504healthnet Metairie, LA | $280,187 | $396,004 |
Advanced Health Institute Inc Irving, TX | $23,557 | $299,488 |
Society Of Critical Care Medicine Houston, TX | $76,158 | $0 |
Austin State Hospital Volunteer Ser Vices Council Austin, TX | $368,458 | $0 |
AHSCentral Texas Inc Burleson, TX | $0 | -$847,507 |
Oklahoma Health Action Network Association Oklahoma City, OK | $3,468 | $29,025 |
Surgical Extraction Foundation Duncan, OK | $43,879 | $35,850 |
Summitone Enterprises Inc Albuquerque, NM | $0 | $0 |