The Blood Connection Incorporated
- Assets
- $101.9m
- Revenue
- $144.4m
- Investments
- $0.0
- Employees
- 1,558
- Location
- Piedmont, SC
- Founding
- 02/1978
- Data as of
- 08/2024
- EIN
- 57-0660489
Organization Overview
The Blood Connection Incorporated is located in Piedmont, SC. The organization was established in 1978. 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 08/2024, Blood Connection Incorporated employed 1,558 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blood Connection Incorporated 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 08/2024, Blood Connection Incorporated generated $144.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 16.3% each year . All expenses for the organization totaled $138.4m during the year ending 08/2024. While expenses have increased by 16.3% per year over the past 9 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE COMMUNITY BLOOD BANKING & TRANSFUSION MEDICINE AND CELLULAR TRANSPLANTATION SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O BLOOD DONOR PROGRAM: ALLOGENEIC WHOLE BLOOD DONOR PROGRAM: AFFORDS FREE OPPORTUNITY FOR PATRONS TO PARTICIPATE IN COMMUNITY SERVICE IN THE FORM OF VOLUNTARY WHOLE BLOOD DONATIONS. FOR DONORS - EARLY DETECTION & TREATMENT OPPORTUNITY FOR HIGH BLOOD PRESSURE, ANEMIA, ABNORMAL PULSE RATE AND OTHER ILLNESSES FOUND DURING BLOOD DONOR SCREENING. AUTOLOGOUS BLOOD PROGRAM: AFFORDS FREE OPPORTUNITY FOR PATIENTS TO PROVIDE THEIR OWN BLOOD IN ADVANCE OF MEDICAL TREATMENT. REDUCTION IN DEMAND ON COMMUNITY BLOOD SUPPLY, REDUCED RISK OF TRANSFUSION TRANSMITTED DISEASE. DIRECTED BLOOD DONOR PROGRAM: AFFORDS OPPORTUNITY FOR PATIENTS TO DESIGNATE DONORS OF THE BLOOD FOR THE PATIENTS TRANSFUSIONS. AUTOMATED COLLECTION APHERESIS (PLATELET, PLASMA & RBC) DONOR PROGRAM: AFFORDS FREE OPPORTUNITY FOR PATRONS TO PARTICIPATE IN COMMUNITY SERVICE IN THE FORM OF VOLUNTARY, AUTOMATED DONATIONS. THERAPEUTIC SERVICE PROGRAM: PROVIDES FREE THERAPEUTIC PHLEBOTOMY FOR PATIENTS WITH BLOOD DISORDERS SUCH A POLYCYTHEMIA AND HEMOCHROMATOSIS.
HEMATOPOIETIC PROGENITOR CELL PROCESSING SERVICES: PROVIDES CELLULAR THERAPY SERVICES INCLUDING PROCESSING, CRYOPRESERVATION, STORAGE, INFUSION PREPARATIONS FOR IMMUNOTHERAPY, AND TRANSPLANT FOR BOTH AUTOLOGOUS AND MATCHED RELATED TRANSPLANTS FOR MULTIPLE MYELOMA, NHL AND HODGKINIS LYMPHOMA. PROVIDES TRANSPLANT PRODUCT PREPARATION AND SHIPMENT PREPARATION TO AN OUTSIDE FACILITY UPON REQUEST. THE CRYOGENIC STORAGE SERVICES ARE PROVIDED FREE OF CHARGE FOR THE FIRST YEAR. GOALS: PROCESS 100% OF REQUESTS FOR PROCESSING AND INFUSIONS OF HEMATOPOIETIC PROGENITOR CELLS AND DONOR LYMPHOCYTES, OFFER SERVICES 24/7, PROVIDE SAME DAY TURNAROUND FOR CD34+ FLOW CYTOMETRY ANALYSIS, AND PRODUCE A PRODUCT PROVEN TO BE CAPABLE OF ENGRAFTMENT. CELLULAR THERAPY COLLECTION SERVICES: PROVIDES CELLULAR COLLECTION SERVICES FOR TWO HEALTHCARE PROVIDERS. ONE, A BIOTECHNOLOGY COMPANY (DENDREON) APPLIES ITS EXPERTISE IN ANTIGEN IDENTIFICATION, ENGINEERING AND CELL PROCESSING TO PRODUCE AN ACTIVE CELLULAR IMMUNOTHERAPY PRODUCT CALLED PROVENGE (SIPULEUCEL-T). PROVENGE IS INDICATED FOR TREATMENT OF ASYMPTOMATIC OR MINIMALLY SYMPTOMATIC METASTATIC CASTRATE RESISTANT PROSTATE CANCER. THE BLOOD CONNECTION COLLECTS MONONUCLEAR CELLS FROM PROSTATE CANCER PATIENTS DEEMED SUITABLE BY THEIR PHYSICIAN AND SCHEDULED BY DENDREON. POST COLLECTION, THE COLLECTED PRODUCT IS SHIPPED TO DENDREON FOR FURTHER TESTING AND PROCESSING; THE FINAL PRODUCT IS LATER TRANSFUSED BACK TO THE PATIENT AT THEIR TRANSFUSION CENTER. THE OTHER PROVIDER IS A CANCER TREATMENT INSTITUTE AFFILIATED WITH A LOCAL HOSPITAL SYSTEM. THE BLOOD CONNECTION COLLECTS CIRCULATING BONE MARROW CELLS FROM PATIENTS IN THE REMISSION PHASE OF CELLULAR CANCERS SUCH AS LEUKEMIA, LYMPHOMA, AND MYELOMA. THOSE COLLECTIONS, RICH IN HEMATOPOIETIC PROGENITOR CELLS, ARE THEN PROCESSED AS DESCRIBED ABOVE. ADDITIONAL PROGRAM EXPENSES INCLUDE INTEREST EXPENSES AND PROGRAM RELATED ADMINISTRATIVE EXPENSES.
SEE SCHEDULE O BLOOD PROCESSING STORAGE AND DISTRIBUTION: PROVISION OF BLOOD COMPONENTS TO HEALTHCARE PROVIDERS: ON A FEE FOR SERVICE BASIS, PREPARATION AND DISTRIBUTION OF BLOOD COMPONENTS TO HOSPITALS, CLINICS, DIALYSIS CENTERS, BLOOD BANKS, AND BLOOD FRACTIONATORS. GOAL: PREPARE BLOOD COMPONENTS AND DISTRIBUTE ACCORDING TO NEEDS OF HEALTHCARE CLIENTS. MAINTAIN CONSISTENT (5-7 DAY SUPPLY) INVENTORY OF ALL TYPES UNITS OF PLASMA DISTRIBUTED FOR BLOOD DERIVATIVE PREPARATION. COST CONTAINMENT FOR HEALTHCARE OF BLOOD COMPONENTS, FOR HEALTHCARE CLIENTS, NUMBER OF PATIENT BENEFICIARIES, DERIVED HEALTH BENEFITS, LIVES SAVED.
SEE SCHEDULE O LABORATORY AND CELLULAR SERVICES: DONATED BLOOD TESTING PROGRAM: USES LABORATORY SEROLOGIC, CHEMISTRY, AND INFECTIOUS DISEASE ASSAYS TO ASSESS THE SUITABILITY OF DONATED BLOOD, PLATELETS AND PLASMA. FOR DONORS DETECTION OF INFECTIOUS DISEASE FOR WHICH DONOR MAY SEEK TREATMENT. POSITIVE PUBLIC HEALTH CONSEQUENCES OF DISEASE DETECTION, PARTNER NOTIFICATION, EXPOSURE CONTROL.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chairperson | OfficerTrustee | 2 | $0 |
Name Not Listed Secretary | OfficerTrustee | 2 | $0 |
Name Not Listed Vice Chair | OfficerTrustee | 2 | $0 |
Name Not Listed Trustee | Trustee | 2 | $0 |
Name Not Listed Trustee | Trustee | 2 | $0 |
Name Not Listed Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
It Synergistics Llc Software Services | 8/30/24 | $761,077 |
Cnp Technologies Technology Support Services | 8/30/24 | $329,231 |
Eagle Express Of Sc Llc Courier Service | 8/30/24 | $315,889 |
Baker Motor Company Of Summerville Llc Auto Dealership | 8/30/24 | $459,878 |
Health Aware Llc Marketing | 8/30/24 | $212,324 |
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 | $20,191 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,191 |
| Total Program Service Revenue | $143,925,563 |
| Investment income | $427,394 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,520 |
| Net Gain/Loss on Asset Sales | $60,905 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $144,446,573 |
| 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. | $2,751,990 |
| Compensation of current officers, directors, key employees. | $2,355,034 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $41,182,326 |
| Pension plan accruals and contributions | $2,178,392 |
| Other employee benefits | $4,512,322 |
| Payroll taxes | $3,168,762 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $98,652 |
| Fees for services: Accounting | $82,623 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $61,997 |
| Fees for services: Other | $3,984,971 |
| Advertising and promotion | $25,504,399 |
| Office expenses | $10,967,025 |
| Information technology | $652,852 |
| Royalties | $0 |
| Occupancy | $1,295,043 |
| Travel | $2,770,831 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,557 |
| Interest | $546,763 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,664,697 |
| Insurance | $1,468,215 |
| All other expenses | $0 |
| Total functional expenses | $138,430,065 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,000 |
| Savings and temporary cash investments | $6,446,101 |
| Pledges and grants receivable | $34,029 |
| Accounts receivable, net | $24,805,658 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $722,107 |
| Inventories for sale or use | $3,599,258 |
| Prepaid expenses and deferred charges | $2,603,612 |
| Net Land, buildings, and equipment | $42,515,112 |
| Investments—publicly traded securities | $10,192,907 |
| Investments—other securities | $0 |
| Investments—program-related | $462,045 |
| Intangible assets | $1 |
| Other assets | $10,567,568 |
| Total assets | $101,949,398 |
| Accounts payable and accrued expenses | $10,754,671 |
| Grants payable | $0 |
| Deferred revenue | $73,363 |
| 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 | $15,945,956 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,401,269 |
| Total liabilities | $37,175,259 |
| Net assets without donor restrictions | $64,740,110 |
| Net assets with donor restrictions | $34,029 |
| 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 | $101,949,398 |