We Are Blood
- Assets
- $45.0m
- Revenue
- $52.4m
- Investments
- $0.0
- Employees
- 288
- Location
- Austin, TX
- Founding
- 11/2017
- Data as of
- 12/2020
- EIN
- 74-1366292
Organization Overview
We Are Blood is located in Austin, TX. 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. As of 12/2021, We Are Blood employed 288 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. We Are Blood 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, We Are Blood generated $52.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $48.8m during the year ending 12/2020. While expenses have increased by 10.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1
Describe the Organization's Program Activity:
Part 3 - Line 4a
BLOOD SERVICES: IN ORDER TO ASSURE A SAFE AND ADEQUATE SUPPLY OFDONATED BLOOD FOR THE TRANSFUSION NEEDS OF CENTRAL TEXAS HOSPITALS, THE CENTER SOLICITS VOLUNTEER BLOOD DONORS AND PROVIDES FOR THE COLLECTION, TESTING, PROCESSING, STORAGE AND DISTRIBUTION OF BLOOD AND BLOOD COMPONENTS.
TISSUE SERVICES: THE CENTER PROVIDES FOR THE ETHICAL CONSENT, RECOVERY AND TESTING OF DONATED HUMAN TISSUE, AND FOR THE STORAGE AND DISTRIBUTION OF PROCESSED TISSUE ALLOGRAFTS FOR USE IN ORTHOPEDIC, CARDIOVASCULAR, NEUROLOGICAL AND OTHER SURGICAL PROCEDURES. IT ALSO PROVIDES FOLLOW UP GRIEF SUPPORT SERVICES FOR TISSUE DONOR FAMILIES.
RENTAL SERVICES:
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marshall Cothran President/ceo | Officer | 40 | $392,604 |
Jeff Cox COO Tissue | Officer | 40 | $251,630 |
Arlin Hall CFO | Officer | 40 | $246,816 |
Marian Garrard Evp/coo Blood | Officer | 40 | $241,740 |
Cari Unger Chief Quality Officer | Officer | 40 | $164,743 |
Sarah Finnegan Chief People Officer | Officer | 40 | $152,596 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
National Blood Testing Cooperative Blood Testing | 12/30/21 | $2,264,859 |
Federal Express Delivery Services | 12/30/21 | $131,593 |
Techonpurpose It Support | 12/30/21 | $123,138 |
Star Delivery Service Of Austin Delivery Of Blood Products | 12/30/21 | $160,956 |
Invita Healthcare Technologies Computer Support | 12/30/21 | $142,142 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $460,242 |
| All other contributions, gifts, grants, and similar amounts not included above | $78,693 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $538,935 |
| Total Program Service Revenue | $50,422,501 |
| Investment income | $220,463 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $340,279 |
| Net Gain/Loss on Asset Sales | -$54,163 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $52,375,039 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $1,411,456 |
| Compensation of current officers, directors, key employees. | $316,893 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,140,763 |
| Pension plan accruals and contributions | $579,167 |
| Other employee benefits | $1,896,816 |
| Payroll taxes | $841,112 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $43,431 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $544,466 |
| Advertising and promotion | $429,264 |
| Office expenses | $0 |
| Information technology | $415,443 |
| Royalties | $0 |
| Occupancy | $236,912 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $300,626 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $867,358 |
| Insurance | $288,439 |
| All other expenses | $2,215,629 |
| Total functional expenses | $48,798,999 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $750 |
| Savings and temporary cash investments | $9,168,079 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,240,938 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $450,258 |
| Inventories for sale or use | $535,570 |
| Prepaid expenses and deferred charges | $423,044 |
| Net Land, buildings, and equipment | $15,474,962 |
| Investments—publicly traded securities | $10,108,269 |
| Investments—other securities | $0 |
| Investments—program-related | $562,173 |
| Intangible assets | $0 |
| Other assets | $62,128 |
| Total assets | $45,026,171 |
| Accounts payable and accrued expenses | $7,336,621 |
| Grants payable | $0 |
| Deferred revenue | $1,418 |
| 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 | $12,998,555 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $20,336,594 |
| Net assets without donor restrictions | $24,615,862 |
| Net assets with donor restrictions | $73,715 |
| 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 | $45,026,171 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that We Are Blood has recieved totaling $67,918.
| Awarding Organization | Amount |
|---|---|
St Davids Foundation Austin, TX PURPOSE: HEALTH ACCESS GRANT | $55,767 |
Sherlock Foundation Weston, CT PURPOSE: GENERAL CHARITABLE PURPOSES | $12,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $151 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Qualtex Laboratories San Antonio, TX | $74,789,123 | $123,906,915 |
Oklahoma Blood Institute Oklahoma City, OK | $76,132,218 | $117,823,998 |
South Texas Blood & Tissue Center San Antonio, TX | $60,738,995 | $131,841,355 |
Gulf Coast Regional Blood Center Houston, TX | $143,740,289 | $118,093,258 |
Lifegift Organ Donation Center Houston, TX | $85,558,914 | $82,767,277 |
We Are Blood Austin, TX | $45,026,171 | $52,375,039 |
Lifeshare Blood Center Shreveport, LA | $48,760,940 | $43,868,545 |
The Blood Center New Orleans, LA | $41,493,296 | $29,196,381 |
Gencure San Antonio, TX | $25,453,948 | $11,678,298 |
Coastal Bend Blood Center Corpus Christi, TX | $23,138,757 | $12,101,189 |
Texoma Regional Blood Center Sherman, TX | $3,469,277 | $3,259,302 |
The Blood & Tissue Center Foundation San Antonio, TX | $824,644 | $805,133 |