Versiti Illinois Inc

Organization Overview

Versiti Illinois Inc, operating under the name Heartland Blood Centers, is located in Aurora, IL. The organization was established in 1945. 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, Heartland Blood Centers employed 596 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heartland Blood Centers 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, Heartland Blood Centers generated $60.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $56.6m during the year ending 12/2021. While expenses have increased by 1.8% 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

(SEE SCHEDULE O) VERSITI ILLINOIS, INC. (VERSITI ILLINOIS) IS A BLOOD HEALTH INNOVATOR WHO ENHANCES LIVES THROUGH DISCOVERY, DIAGNOSIS AND TREATMENT. VERSITI EXPANDS THE FRONTIERS OF PATIENT HEALTH THROUGH THE INTEGRATION OF SCIENCE, MEDICINE AND SERVICE.

Describe the Organization's Program Activity:

VERSITI RECRUITS VOLUNTEER BLOOD DONORS, COLLECTS, PROCESSES AND DISTRIBUTES BLOOD AND BLOOD COMPONENTS TO PROVIDE A SAFE AND RELIABLE SUPPLY OF BLOOD FOR HOSPITALS AND OTHER BLOOD CENTERS SERVED. DURING 2021, THERE WERE 139,015 BLOOD UNITS COLLECTED.VERSITI PROVIDES CLINICAL DIAGNOSTIC TESTING SERVICES TO HOSPITALS, PHYSICIAN OFFICES AND OTHER REFERENCE LABORATORIES. DURING 2021, 25,142 TESTS WERE PERFORMED.


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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$26,432
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$26,432
Total Program Service Revenue$58,720,857
Investment income $958,804
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $489,777
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $60,198,808

Grants Awarded

Over the last fiscal year, Versiti Illinois Inc has awarded $360,000 in support to 3 organizations.

Grant RecipientAmount

NORTHWESTERN UNIVERSITY

Org PageRecipient Profile

Evanston, IL

PURPOSE: Research

$225,000

BLOODCENTER OF WISCONSIN INC

Org PageRecipient Profile

Milwaukee, WI

PURPOSE: Research

$100,000

THE LEUKEMIA & LYMPHOMA SOCIETY INC

Org PageRecipient Profile

Rye Brook, NY

PURPOSE: Research

$35,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Versiti Illinois Inc has recieved totaling $35,461.

Awarding OrganizationAmount
Columbia University In The City Of New York

New York, NY

PURPOSE: Research

$35,461
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$99,612,019
Earnings$16,077,669
Net Contributions$1,371,435
Other Expense$4,159,834
Ending Balance$112,901,289

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