Vitalant Foundation
- Assets
- $45.4m
- Revenue
- $2.8m
- Investments
- $10.5m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 05/2017
- Data as of
- 12/2022
- EIN
- 25-1562715
Organization Overview
Vitalant Foundation is located in Pittsburgh, PA. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vitalant Foundation 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 12/2022, Vitalant Foundation generated $2.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (20.3%) each year. All expenses for the organization totaled $5.7m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
VITALANT FOUNDATION SECURES AND STEWARDS CHARITABLE GIFTS TO SUPPORT VITALANT'S MISSION TO UNITE BLOOD AND BIOLOGICS DONORS, TALENT AND INNOVATION TO SAVE AND IMPROVE LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VITALANT FOUNDATION (FORMERLY KNOWN AS BLOOD SCIENCE FOUNDATION) PROVIDES FUNDING TO VITALANT TO SUPPORT THE MISSION OF THE ORGANIZATION. THE FOUNDATION ALSO FUNDED A STUDY DURING THE PERIOD FOR $669,685.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director & Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director (thru 10/22) | Trustee | 1 | $0 |
Name Not Listed Director (eff 10/22) | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Campbell & Company Fundraising Project Consultant | 6/29/21 | $102,990 |
Elias Savion Advertising Marketing/public Relations/media Consult | 6/29/21 | $114,353 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $24,526 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,353,318 |
| Noncash contributions included in lines 1a–1f | $744,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,377,844 |
| Total Program Service Revenue | $0 |
| Investment income | $873,782 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $577,950 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,829,576 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,474,822 |
| 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 | $899,656 |
| Fees for services: Legal | $794 |
| Fees for services: Accounting | $47,501 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $101,044 |
| Fees for services: Other | $237,798 |
| Advertising and promotion | $32,423 |
| Office expenses | $8,934 |
| Information technology | $23,780 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $21,339 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,967 |
| All other expenses | $0 |
| Total functional expenses | $5,669,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $753,951 |
| Savings and temporary cash investments | $295,540 |
| 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 | $33,800,253 |
| Investments—other securities | $10,516,577 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $45,366,321 |
| Accounts payable and accrued expenses | $402,627 |
| 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 | $512,685 |
| Total liabilities | $915,312 |
| Net assets without donor restrictions | $48,060 |
| Net assets with donor restrictions | $44,402,949 |
| 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 | $45,366,321 |
Grants Awarded
Over the last fiscal year, Vitalant Foundation has awarded $3,465,332 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
VITALANT PURPOSE: OPERATIONAL SUPPORT | $3,437,127 |
MID-SOUTH FOOD BANK PURPOSE: FEED FAMILIES PROGRAM | $10,000 |
NATIONAL CIVIL RIGHTS MUSEUM PURPOSE: GIVE BACK PROGRAM | $10,000 |
SOUTH HILLS INTERFAITH MOVEMENT PURPOSE: GIVE BACK PROGRAM | $8,205 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Platelet Disorder Support Association Inc Brecksville, OH | $6,370,055 | $2,330,983 |
Childrens Cancer And Blood Foundation Inc New York, NY | $2,540,041 | $355,277 |
National Blood Foundation Research And Education Trust Fund Bethesda, MD | $0 | $476,525 |
The Society For The Advancement Of Blood Management Mt Royal, NJ | $412,577 | $686,348 |
Ohio Association Of Blood Banks Delaware, OH | $0 | $0 |