Rhode Island Blood Center
- Assets
- $0.0
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 325
- Location
- Providence, RI
- Founding
- 05/1969
- Data as of
- 04/2019
- EIN
- 05-0317817
Organization Overview
Rhode Island Blood Center is located in Providence, RI. 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 04/2019, Rhode Island Blood Center employed 325 individuals. Rhode Island Blood Center 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 04/2019, Rhode Island Blood Center generated $5.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (32.9%) each year. All expenses for the organization totaled $5.6m during the year ending 04/2019. As we would expect to see with falling revenues, expenses have declined by (32.8%) per year over the past 5 years. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
COLLECTION, TESTING & DISTRIB. OF BLOOD & BLOOD PRODUCTS FOR HOSPITALS IN RI & OTHER STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECTION, TESTING, AND DISTRIBUTION OF BLOOD AND BLOOD PRODUCTS FOR HOSPITALS IN RHODE ISLAND WHILE ALSO SERVING CUSTOMERS IN VARIOUS STATES, PRINCIPALLY IN NEW ENGLAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn T Young MD Former VP & Chief Medical Ofcr | 0 | $154,550 | |
Lawrence F Smith Former CEO (through 1-31-2019) | 0 | $121,706 | |
Christopher Dhillyer MD President | OfficerTrustee | 2 | $0 |
Jordana G Schwartz Secretary | Officer | 2 | $0 |
Bernadette Tiso Assistant Secretary | Officer | 2 | $0 |
Elizabeth Mcquail CEO | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $5,638,925 |
| Investment income | $6,987 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,466 |
| Net Gain/Loss on Asset Sales | -$71,053 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,584,325 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,201,594 |
| Pension plan accruals and contributions | $41,688 |
| Other employee benefits | $321,192 |
| Payroll taxes | $100,414 |
| Fees for services: Management | $50,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $109,334 |
| Advertising and promotion | $5,756 |
| Office expenses | $44,007 |
| Information technology | $65,860 |
| Royalties | $0 |
| Occupancy | $100,148 |
| Travel | $20,391 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,248 |
| Interest | $30,208 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $109,878 |
| Insurance | $43,057 |
| All other expenses | $8,777 |
| Total functional expenses | $5,576,121 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Long Island Select Healthcare Inc Central Islip, NY | $8,265,975 | $21,062,448 |
Community Health Services Inc Hartford, CT | $18,052,778 | $22,284,451 |
Buffalo Hearing And Speech Center Inc Buffalo, NY | $11,534,063 | $22,101,908 |
North End Community Health Committee Inc Boston, MA | $13,909,978 | $23,903,077 |
Meeting House Lane Medical Practice Pc Southampton, NY | $4,403,097 | $19,403,178 |
Ryan-Chelsea Clinton Community Health Center New York, NY | $17,966,484 | $24,020,763 |
Our Lady Of Mercy Life Center Guilderland, NY | $13,584,598 | $18,367,817 |
Care Central Vna & Hospice Inc Gardner, MA | $22,239,473 | $19,675,412 |
Rockingham Visiting Nurse Association And Hospice Exeter, NH | $4,116,836 | $17,268,809 |
Lamprey Health Care Inc Newmarket, NH | $14,822,955 | $20,633,435 |
Rhode Island Hospital Foundation Providence, RI | $69,328,658 | $16,409,972 |
Episcopal Church Home Rochester, NY | $13,527,861 | $19,691,308 |