The Society For The Advancement Of Blood Management
- Assets
- $412.6k
- Revenue
- $686.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Mt Royal, NJ
- Founding
- 05/2006
- Data as of
- 12/2023
- EIN
- 20-1842126
Organization Overview
The Society For The Advancement Of Blood Management is located in Mt Royal, NJ. The organization was established in 2006. According to its NTEE Classification (E61) the organization is classified as: Blood Banks, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Society For The Advancement Of Blood Management 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 12/2023, Society For The Advancement Of Blood Management generated $686.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $660.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVING PATIENT OUTCOMES THROUGH OPTIMAL BLOOD MANAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH THE POSITIVE IMPACT OF INNOVATIVE PATIENT BLOOD MANAGEMENT PROGRAMS. EDUCATE HEALTHCARE PROFESSIONALS AND EDUCATE THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Burns MD President | OfficerTrustee | 2 | $0 |
Linda Shore-Lesserson MD President Elect | OfficerTrustee | 2 | $0 |
Sherri Ozawa RN Immediate Past President | OfficerTrustee | 2 | $0 |
Prakesh Patel Secretary | OfficerTrustee | 2 | $0 |
Rebecca Rock RN Treasurer | OfficerTrustee | 2 | $0 |
David Faraoni MD PHD At-Large Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gaylord Opryland Resort Conventio Conference | 12/30/23 | $130,731 |
Talley Management Group Inc Mgmt Services | 12/30/23 | $231,327 |
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 | $155,753 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $155,753 |
| Total Program Service Revenue | $525,451 |
| Investment income | $4,444 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $686,348 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $190,000 |
| Fees for services: Legal | $4,991 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,959 |
| Advertising and promotion | $2,000 |
| Office expenses | $12,498 |
| Information technology | $21,536 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $247,450 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,997 |
| All other expenses | $0 |
| Total functional expenses | $660,548 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,772 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,150 |
| 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 | $26,845 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $240,810 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $412,577 |
| Accounts payable and accrued expenses | $35,794 |
| Grants payable | $0 |
| Deferred revenue | $33,345 |
| 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 | $69,139 |
| Net assets without donor restrictions | $343,438 |
| 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 | $412,577 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hcsc Blood Center Allentown, PA | $24,517,800 | $34,472,496 |
Central Pennsylvania Blood Bank Hummelstown, PA | $20,939,073 | $18,687,264 |
Community Blood Bank Of Erie County Erie, PA | $4,870,500 | $7,467,527 |
Williamsport Area Ambulance Service Cooperative Pittsburgh, PA | $2,228,443 | $6,221,582 |
Vitalant Foundation Pittsburgh, PA | $45,366,321 | $2,829,576 |
Pocono Mountain Regional Emergency Medical Services Inc Tobyhanna, PA | $2,750,656 | $3,892,437 |
The Institute For Transfusion Medicine Pittsburgh, PA | $0 | $5,367,258 |
Brooklyn United Methodist Continuum Services Inc Brooklyn, NY | $2,259,217 | $1,658,539 |
Central Jersey Blood Center Inc Summit, NJ | $0 | $410,254 |
Childrens Cancer And Blood Foundation Inc New York, NY | $2,540,041 | $355,277 |
The Society For The Advancement Of Blood Management Mt Royal, NJ | $412,577 | $686,348 |