Kentucky Blood Center Inc
- Assets
- $45.9m
- Revenue
- $36.3m
- Investments
- $631.3k
- Employees
- 325
- Location
- Lexington, KY
- Founding
- 02/1969
- Data as of
- 06/2021
- EIN
- 61-6058138
Organization Overview
Kentucky Blood Center Inc is located in Lexington, KY. The organization was established in 1969. 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 06/2022, Kentucky Blood Center Inc employed 325 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky Blood Center 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 06/2021, Kentucky Blood Center Inc generated $36.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $34.5m during the year ending 06/2021. While expenses have increased by 4.6% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO COORDINATE THE COLLECTION AND DISTRIBUTION OF BLOOD AND BLOOD COMPONENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION, A BLOOD BANK LOCATED IN LEXINGTON KENTUCKY, PROVIDES BLOOD AND BLOOD COMPONENTS TO APPROXIMATELY SEVENTY HOSPITALS AND CLINICS LOCATED IN CENTRAL AND EASTERN KENTUCKY. IT COLLECTS, PROCESSES AND DISTRIBUTES THESE ITEMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Reed President/ceo | OfficerTrustee | 40 | $427,062 |
Dennis Williams Medical Director | Trustee | 40 | $0 |
Gregory Robbins MD Chairman | Trustee | 0.3 | $0 |
David Bensema MD Vice Chairman | Trustee | 0.3 | $0 |
Harvie Wilkinson Director | Trustee | 0.3 | $0 |
Christine Meece MD Director | Trustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
National Blood Testing Cooperative Testing Services | 6/29/22 | $2,795,113 |
Ky Medical Services Foundation Medical Director Services | 6/29/22 | $224,787 |
Velox Express Inc Courier | 6/29/22 | $358,806 |
Bbcs Software Maintenance | 6/29/22 | $165,650 |
Beeline Courier Service Courier | 6/29/22 | $140,533 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,059 |
| Investment income | $332,156 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $190,737 |
| Net Gain/Loss on Asset Sales | $27,693 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,301,055 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $12,800 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $793,029 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,709,847 |
| Pension plan accruals and contributions | $780,346 |
| Other employee benefits | $1,239,530 |
| Payroll taxes | $837,255 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,238 |
| Fees for services: Accounting | $135,173 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,661 |
| Fees for services: Other | $311,554 |
| Advertising and promotion | $890,668 |
| Office expenses | $982,499 |
| Information technology | $396,220 |
| Royalties | $0 |
| Occupancy | $1,005,855 |
| Travel | $167,861 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,074 |
| Interest | $22,375 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,271,074 |
| Insurance | $321,954 |
| All other expenses | $0 |
| Total functional expenses | $34,484,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $25,015,631 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,569,241 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,802,544 |
| Prepaid expenses and deferred charges | $295,646 |
| Investments—publicly traded securities | $368,632 |
| Investments—other securities | $631,277 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $45,903,202 |
| Accounts payable and accrued expenses | $2,580,949 |
| Grants payable | $0 |
| Deferred revenue | $7,255 |
| 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 | $2,395,000 |
| Total liabilities | $4,983,204 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $40,919,998 |