Foundation for Blood Research
- Assets
- $0.0
- Revenue
- $605.0k
- Investments
- $0.0
- Employees
- 15
- Location
- Portland, ME
- Founding
- Data as of
- 01/2017
- EIN
- 23-7346415
Organization Overview
Foundation for Blood Research is located in Portland, ME. As of 01/2017, Foundation for Blood Research employed 15 individuals. Foundation for Blood Research 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 01/2017, Foundation for Blood Research generated $605.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (42.1%) each year. All expenses for the organization totaled $956.9k during the year ending 01/2017. As we would expect to see with falling revenues, expenses have declined by (37.1%) per year over the past 2 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
BLOOD RESEARCH
Describe the Organization's Program Activity:
Part 3 - Line 4a
LABORATORY: COMPUTER BASED ANALYSIS PUBLIC HEALTH PROGRAM ANALYSIS POPULATION SCREENING CLINICAL TESTINGDURING JANUARY 2017 THE FOUNDATION FOR BLOOD RESEARCH CEASED OPERATIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
M Jane Sheehan ESQ President | Officer | 32 | $225,540 |
Deborah Sykes Ms Finance Director | 40 | $153,721 | |
Tom Ledue Laboratory Director | 40 | $100,327 | |
Arthur Anderson Board Chairman | OfficerTrustee | 2 | $0 |
Holly L Bulger Treasurer | OfficerTrustee | 2 | $0 |
Dennis Eagleson Board Member | Trustee | 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 | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $604,978 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $604,978 |
| 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. | $507,049 |
| Compensation of current officers, directors, key employees. | $177,467 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $130,552 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $95,455 |
| Payroll taxes | $40,009 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,761 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $119,301 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,879 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,528 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $38,329 |
| All other expenses | $0 |
| Total functional expenses | $956,863 |
| 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 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Foundation for Blood Research has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Maine Technology Institute Brunswick, ME PURPOSE: Screen Test for Arsenic in Water | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Urs Federal Support Services Inc Veba Trust Welfare Benefits Plan Boston, MA | $7,183,166 | $100,020,557 |
Baystate Wing Hospital Corporation Palmer, MA | $104,408,982 | $97,206,592 |
Actblue Civics Inc Somerville, MA | $9,393,713 | $97,519,174 |
Common Wealth Clinical Alliance Inc Boston, MA | $145,104,803 | $101,479,734 |
Whitehead Institute For Biomedical Research Cambridge, MA | $896,132,656 | $97,603,749 |
Joslin Diabetes Center Inc Boston, MA | $107,556,453 | $76,953,905 |
South Middlesex Opportunity Council Inc Framingham, MA | $58,219,671 | $100,623,342 |
Oxfam-America Inc Boston, MA | $98,567,095 | $108,365,278 |
Dana Farber Mass General Brigham Cancer Care Inc Boston, MA | $42,647,489 | $95,186,368 |
Brattleboro Memorial Hospital Brattleboro, VT | $104,110,921 | $94,984,604 |
Brockton Area Multi-Services Inc Brockton, MA | $53,527,033 | $98,602,137 |
North Country Hospital & Health Center,inc Newport, VT | $120,716,878 | $102,074,097 |