Suncoast Communities Blood Bank Inc
- Assets
- $20.7m
- Revenue
- $17.3m
- Investments
- $672.0k
- Employees
- 182
- Location
- Bradenton, FL
- Founding
- 01/1969
- Data as of
- 09/2023
- EIN
- 59-0873275
Organization Overview
Suncoast Communities Blood Bank Inc is located in Bradenton, FL. The organization was established in 1969. 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 09/2023, Suncoast Communities Blood Bank Inc employed 182 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Suncoast Communities Blood Bank Inc 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 09/2023, Suncoast Communities Blood Bank Inc generated $17.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $16.8m during the year ending 09/2023. While expenses have increased by 3.6% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUNCOAST COMMUNITIES BLOOD BANK IS PRIVILEDGED TO BRING PEOPLE TOGETHER TO SAVE LIVES THROUGH INNOVATIVE BLOOD SERVICES AND THERAPIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUNCOAST COMMUNITIES BLOOD BANK (SCBB) PROVIDES A RELIABLE SUPPLY OF QUALITY BLOOD PRODUCTS AND SERVICES TO 10 HOSPITALS AND HEALTH CENTERS IN FOUR COUNTIES. IN FISCAL YEAR 2023, SUNCOAST COMMUNITIES BLOOD BANK COLLECTED 32,991 UNITS OF ALLOGENEIC RED BLOOD CELLS AND 7,580 UNITS OF PLATLETS FROM 17,656 DONORS. OVER THE COURSE OF THE YEAR, SUNCOAST COMMUNITIES BLOOD BANK SUPPLIED OVER 43,319 BLOOD PRODUCTS TO THE PATIENTS IN LOCAL HOSPITALS. THIRTEEN TESTS (11 FOR INFECTIOUS DISEASES) ARE PERFORMED ON EACH UNIT OF DONATED BLOOD PRODUCTS. IN ADDITION, SCBB PARTICIPATES IN MONONUCLEAR CELLULAR THERAPY, A TREATMENT PROGRAM FOR LATE STAGE PROSTATE CANCER. SUNCOAST COMMUNITIES BLOOD BANK IS FULLY-ACCREDITED BY THE AABB (FORMERLY THE AMERICAN ASSOCIATION OF BLOOD BANKS), EXCEEDS ALL STANDARDS SET FORTH BY THE FDA (FOOD AND DRUG ADMINISTRATION) AND IS CERTIFIED BY CLIA (CLINICAL LABORATORY IMPROVEMENT AMENDMENTS). WE ARE PROUD OF THESE ACCREDITATIONS AND CERTIFICATIONS BECAUSE IT MEANS THAT OUR BLOOD BANK RANKS AMONG THE BEST IN THE NATION WHEN IT COMES TO QUALITY AND SAFETY.SUNCOAST ADDED A CONVALESCENT PLASMA PROGRAM IN APRIL 2020. THIS WAS IN RESPONSE TO COVID AND THE NEED FOR THIS PLASMA TO TREAT COVID PATIENTS.SUNCOAST ALSO BECAME ONE OF THE NATIONAL SURGE SUPPLY CENTERS (SSC) FOR THE US TO STORE CONVALESCENT PLASMA (CCP) FROM OTHER BLOOD CENTERS IN THE US AND SHIP THESE UNITS TO HOSPITALS OR BLOOD CENTERS IN NEED ACROSSS THE US.SUNCOAST CREATED A NEW BLOOD DONOR PROGRAM CALLED THE CONCIERGE "AT HOME" DONOR PROGRAM WHERE WE DROVE A MINI VEHICLE TO THE DONOR'S HOUSE SO THEY COULD DONATE WITHOUT LEAVING THEIR PREMISES. WE ACQUIRED 3 VEHICLES AND A SMALL TEAM TO OVERSEE THIS NEW PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debbie Douglas Vice President | OfficerTrustee | 3 | $0 |
Brian Leidel Treasurer | OfficerTrustee | 3 | $0 |
Caroline Strickland Secretary | OfficerTrustee | 3 | $0 |
Steve Branham Past President | Trustee | 3 | $0 |
Teresa Koncick Past President | Trustee | 4 | $0 |
Jamey Dodson President | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,159,987 |
| All other contributions, gifts, grants, and similar amounts not included above | $655,910 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,815,897 |
| Total Program Service Revenue | $14,307,190 |
| Investment income | $94,935 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $97,042 |
| Net Gain/Loss on Asset Sales | -$15,978 |
| Net Income from Fundraising Events | $3,706 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,274,572 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $29,281 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $716,254 |
| Compensation of current officers, directors, key employees. | $43,335 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,657,320 |
| Pension plan accruals and contributions | $100,014 |
| Other employee benefits | $670,889 |
| Payroll taxes | $448,501 |
| Fees for services: Management | $75,720 |
| Fees for services: Legal | $21,915 |
| Fees for services: Accounting | $10,876 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $165,137 |
| Advertising and promotion | $110,192 |
| Office expenses | $388,645 |
| Information technology | $348,545 |
| Royalties | $0 |
| Occupancy | $533,320 |
| Travel | $207,274 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $73,018 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $733,516 |
| Insurance | $196,134 |
| All other expenses | $181,951 |
| Total functional expenses | $16,784,504 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,816,610 |
| Savings and temporary cash investments | $1,736,418 |
| Pledges and grants receivable | $166,667 |
| Accounts receivable, net | $1,673,637 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,405 |
| Prepaid expenses and deferred charges | $1,104,915 |
| Net Land, buildings, and equipment | $10,575,060 |
| Investments—publicly traded securities | $2,659,954 |
| Investments—other securities | $671,989 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $274,137 |
| Total assets | $20,690,792 |
| Accounts payable and accrued expenses | $1,435,483 |
| Grants payable | $0 |
| Deferred revenue | $126,098 |
| 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 | $3,678,018 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $122,107 |
| Total liabilities | $5,361,706 |
| Net assets without donor restrictions | $15,329,086 |
| 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 | $20,690,792 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Suncoast Communities Blood Bank Inc Bradenton, FL | $20,690,792 | $17,274,572 |
Walter L Shepeard Community Blood Center Inc Augusta, GA | $11,763,697 | $12,263,078 |
Innovative Transfusion Medicine Non Profit Inc Coral Springs, FL | $6,363,122 | $7,069,661 |
Florida Hemophilia Association Inc Fort Lauderdale, FL | $1,101,334 | $436,536 |
Lloyd-Goodwin Foundation Inc Suwanee, GA | $306,518 | $19,927 |