Lifeserve Blood Center
- Assets
- $80.7m
- Revenue
- $54.4m
- Investments
- $0.0
- Employees
- 477
- Location
- Des Moines, IA
- Founding
- 05/2010
- Data as of
- 12/2021
- EIN
- 27-2092557
Organization Overview
Lifeserve Blood Center is located in Des Moines, IA. The organization was established in 2010. 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, Lifeserve Blood Center employed 477 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lifeserve 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 12/2021, Lifeserve Blood Center generated $54.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $39.0m during the year ending 12/2021. While expenses have increased by 0.2% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE SAVE LIVES IN PARTNERSHIP WITH THE COMMUNITIES WE SERVE BY PROVIDING HIGH QUALITY BLOOD.
Describe the Organization's Program Activity:
SEE SCHEDULE O
SEE SCHEDULE O
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacy Sime President And CEO | Officer | 40 | $305,496 |
Cheryl Ritter Chief Financial Officer | Officer | 40 | $219,287 |
Dr Keith Alex Smith Medical Director | Officer | 40 | $213,731 |
Christine Hayes Chief Operating Officer | 40 | $213,337 | |
Daniel Downs It Director | 40 | $134,184 | |
Anjeanette Barto Director Of Donor Services | 40 | $118,638 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
One Neck It Solution It Service & Support | 12/30/21 | $1,114,051 |
Poe Enterprises Of Iowa Blood Delivery | 12/30/21 | $455,733 |
National Blood Testing Cooperative Blood Testing | 12/30/21 | $364,289 |
Capital Express Blood Delivery | 12/30/21 | $336,939 |
Accurate Commercial Construction Service | 12/30/21 | $437,507 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,796,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,579 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,809,679 |
| Total Program Service Revenue | $49,301,433 |
| Investment income | $850,968 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,037,504 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $54,407,994 |
| 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. | $833,472 |
| Compensation of current officers, directors, key employees. | $482,785 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,911,962 |
| Pension plan accruals and contributions | $378,654 |
| Other employee benefits | $1,858,267 |
| Payroll taxes | $1,024,125 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,720 |
| Fees for services: Accounting | $52,952 |
| Fees for services: Lobbying | $9,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $125,354 |
| Fees for services: Other | $670,273 |
| Advertising and promotion | $322,590 |
| Office expenses | $509,051 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,488,756 |
| Travel | $793,509 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,076 |
| Interest | $264 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,990,372 |
| Insurance | $460,982 |
| All other expenses | $91,513 |
| Total functional expenses | $38,972,652 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,471,955 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,729,999 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $363,096 |
| Inventories for sale or use | $1,119,849 |
| Prepaid expenses and deferred charges | $1,550,542 |
| Net Land, buildings, and equipment | $12,473,593 |
| Investments—publicly traded securities | $55,655,858 |
| Investments—other securities | $0 |
| Investments—program-related | $1,338,940 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $80,703,832 |
| Accounts payable and accrued expenses | $2,508,044 |
| Grants payable | $0 |
| Deferred revenue | $142,857 |
| 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 | $2,650,901 |
| Net assets without donor restrictions | $78,052,931 |
| 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 | $80,703,832 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lifeserve Blood Center has recieved totaling $280.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $280 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Impactlife Davenport, IA | $53,227,230 | $87,660,123 |
Innovative Blood Resources St Paul, MN | $46,399,796 | $62,700,542 |
Versiti Illinois Inc Aurora, IL | $67,173,441 | $60,198,808 |
Lifeserve Blood Center Des Moines, IA | $80,703,832 | $54,407,994 |
Community Blood Center Inc Appleton, WI | $38,245,245 | $21,183,323 |
Community Blood Center Of The Ozarks Springfield, MO | $29,264,230 | $16,189,941 |
Northern Illinois Blood Bank Inc Rockford, IL | $10,413,345 | $13,769,569 |
Blood Center Of Northcentral Wisconsin Inc Wausau, WI | $5,598,313 | $2,668,833 |
American Donor Services Inc Cottage Grove, MN | $2,480,593 | $2,191,857 |
Hemophilia Of Iowa Inc Des Moines, IA | $412,563 | $133,363 |
Comprehensive Bleeding Disorders Center Dunlap, IL | $815,639 | $0 |
Educational & Scientific Fdtn Of The Ill State Medical Society Inc Chicago, IL | $2,232,227 | $652,981 |