American Association Of Blood Banks
- Assets
- $30.9m
- Revenue
- $19.6m
- Investments
- $0.0
- Employees
- 72
- Location
- Bethesda, MD
- Founding
- 06/1949
- Data as of
- 12/2022
- EIN
- 36-2384118
Organization Overview
American Association Of Blood Banks, operating under the name Aabb, is located in Bethesda, MD. The organization was established in 1949. 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 12/2022, Aabb employed 72 individuals. This organization is the central organization for a national or regional group of organizations. Aabb 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, Aabb generated $19.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $21.0m during the year ending 12/2022. While expenses have increased by 0.8% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVING LIVES BY MAKING TRANSFUSION MEDICINE AND BIOTHERAPIES SAFE, AVAILABLE, AND EFFECTIVE WORLDWIDE.
Describe the Organization's Program Activity:
AABB CONSULTING SERVICES IS A LEADER IN PROVIDING EXPERTISE WORLDWIDE IN QUALITY MANAGEMENT AND PROCESS IMPROVEMENT SYSTEMS AND SOLUTIONS TO BLOOD, PLASMA AND TISSUE COLLECTION AND/OR MANAGEMENT FACILITIES, TRANSFUSION SERVICES, CLINICAL LABORATORIES, CELLULAR AND RELATEDBIOLOGICAL THERAPY FACILITIES.
COMMUNICATIONS AND ONLINE PUBLICATIONS:AABB IS THE PREMIER PUBLISHER FOR PUBLICATIONS IN THE BLOOD BANKING, CELLULAR THERAPIES AND TRANSFUSION MEDICINE FIELD. OUR HIGH QUALITY PUBLICATIONS AND PRACTICE STANDARDS ARE RELEVANT FOR TODAY'S HEALTHCARE PROFESSIONALS. AABB ADVANCES THE ACQUISITION, TRANSLATION, AND APPLICATION OF NEW KNOWLEDGE IN THE DISCIPLINES OF BASIC, CLINICAL, BEHAVIORAL, MANAGERIAL AND LABORATORY SCIENCES AS THEY APPLY TO TRANSFUSION MEDICINE, CELLULAR AND RELATED BIOLOGICAL THERAPIES THROUGH ITS SCHOLARLY JOURNAL, "TRANSFUSION". IN ADDITION, AABB INFORMS ITS MEMBERS THROUGH DAILY, WEEKLY, AND MONTHLY NEWSLETTERS, BULLETINS, MAGAZINES AND ONLINE PEER TO PEER INTEGRATION THROUGH THE AABB HUB.
ACCREDITATION & EDUCATION:AABB DEVELOPS STANDARDS AND GUIDANCE FOR VOLUNTARY COMPLIANCE AND ACCREDITATION PROCESSES. THESE DEFINE OPTIMAL PATIENT AND DONOR CARE IN TRANSFUSION MEDICINE AND CELLULAR THERAPIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dana V Devine President | OfficerTrustee | 4 | $0 |
Brian Gannon President-Elect | OfficerTrustee | 4 | $0 |
Aaron Tobian Vice President | OfficerTrustee | 3 | $0 |
Jose Cancelas Secretary | OfficerTrustee | 3 | $0 |
Delisa English Treasurer | OfficerTrustee | 4 | $0 |
David Green Past President | OfficerTrustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Designdata It Consulting | 12/30/22 | $307,875 |
Rose Financial Solutions Accounting | 12/30/22 | $221,664 |
Linda Barnes It Consulting | 12/30/22 | $180,981 |
Yash Pharmaceuticals Ltd Consulting | 12/30/22 | $199,235 |
Nextlogik It Consulting | 12/30/22 | $145,050 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,280 |
| All other contributions, gifts, grants, and similar amounts not included above | $341,645 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $342,925 |
| Total Program Service Revenue | $13,401,885 |
| Investment income | $270,628 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $598,808 |
| 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 | $1,041,912 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,556,158 |
| 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. | $1,538,856 |
| Compensation of current officers, directors, key employees. | $760,573 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,614,389 |
| Pension plan accruals and contributions | $477,050 |
| Other employee benefits | $0 |
| Payroll taxes | $519,073 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $95,369 |
| Fees for services: Accounting | $51,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $316,145 |
| Fees for services: Other | $5,964,813 |
| Advertising and promotion | $774 |
| Office expenses | $154,077 |
| Information technology | $469,764 |
| Royalties | $0 |
| Occupancy | $957,954 |
| Travel | $1,682,661 |
| 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 | $445,353 |
| Insurance | $365,595 |
| All other expenses | $0 |
| Total functional expenses | $21,043,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,229,864 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,190,006 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $401,016 |
| Prepaid expenses and deferred charges | $80,701 |
| Net Land, buildings, and equipment | $1,504,359 |
| Investments—publicly traded securities | $12,091,582 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,356,461 |
| Total assets | $30,853,989 |
| Accounts payable and accrued expenses | $7,379,380 |
| Grants payable | $0 |
| Deferred revenue | $6,016,001 |
| 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 | $4,159,900 |
| Other liabilities | $9,158,641 |
| Total liabilities | $26,713,922 |
| Net assets without donor restrictions | $4,140,067 |
| 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 | $30,853,989 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hcsc Blood Center Allentown, PA | $24,517,800 | $34,472,496 |
American Association Of Blood Banks Bethesda, MD | $30,853,989 | $19,556,158 |
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 |
National Blood Foundation Research And Education Trust Fund Bethesda, MD | $0 | $476,525 |
The Foundation For Americas Blood Centers Washington, DC | $1,876,713 | $23,484 |