Lifesouth Community Blood Centers Inc
- Assets
- $107.3m
- Revenue
- $139.9m
- Investments
- $0.0
- Employees
- 1,598
- Location
- Gainesville, FL
- Founding
- 02/1975
- Data as of
- 05/2024
- EIN
- 59-1545914
Organization Overview
Lifesouth Community Blood Centers Inc is located in Gainesville, FL. The organization was established in 1975. 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 05/2024, Lifesouth Community Blood Centers Inc employed 1,598 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lifesouth Community Blood Centers 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 05/2024, Lifesouth Community Blood Centers Inc generated $139.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $133.5m during the year ending 05/2024. While expenses have increased by 6.8% 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.
Since 2018, Lifesouth Community Blood Centers Inc has awarded 11 individual grants totaling $30,763,775. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO COLLECT VOLUNTEER BLOOD DONATIONS AND PROVIDE A SAFE AND ADEQUATE SUPPLY OF BLOOD COMPONENTS TO HOSPITALS IN OUR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIFESOUTH IS IN THE BUSINESS OF SAVING LIVES BY COLLECTING AND PROCESSING BLOOD AND BLOOD COMPONENTS FROM VOLUNTEER DONORS IN FLORIDA, GEORGIA AND ALABAMA. IT COLLECTED APPROXIMATELY 291,000 DONATIONS IN FY 2024. EACH UNIT COLLECTED IS TESTED TO FULFILL OUR MISSION OF PROVIDING AN ADEQUATE AND SAFE BLOOD SUPPLY TO MORE THAN 120 HOSPITALS IN THE THREE STATES. LIFESOUTH ALSO PROVIDES IMMUNOHEMATOLOGY, MOLECULAR, HISTOCOMPATIBILITY, AND OTHER ADVANCED LABORATORY SERVICES TO HOSPITALS, BLOOD CENTERS, AND INDUSTRY PARTNERS. LIFESOUTH'S LABORATORIES PROVIDED CLINICAL TESTING FOR ALMOST 13,000 PATIENT TESTING REQUESTS AND PROVIDED OVER 26,000 SPECIALTY BLOOD PRODUCTS FOR PATIENTS IN OUR COMMUNITIES. IN ADDITION, LIFESOUTH PERFORMED MORE THAN 1,600 THERAPEUTIC APHERESIS PROCEDURES FOR PATIENTS DURING THE YEAR. LIFESOUTH'S UMBILICAL CORD BANK PROVIDES UNITS FOR TRANSPLANTATION WORLDWIDE. IN 2024, LIFESOUTH SAFELY ADDED AND CRYOPRESERVED 296 NEW CORD BLOOD UNITS. IN ADDITION, LIFESOUTH OPERATES A MEDICAL TECHNOLOGY TRAINING PROGRAM. LIFESOUTH ALSO OPERATES A SPECIALIST IN BLOOD BANKING (SBB) CERTIFICATE PROGRAM WHICH IS AN INDEPENDENT EDUCATIONAL PROGRAM OFFERING TRAINING IN ALL ASPECTS OF BLOOD BANKING AND TRANSFUSION MEDICINE INCLUDING: BLOOD COLLECTION, PRODUCT MANUFACTURING, TRANSFUSION MEDICINE PRACTICE, IMMUNOHEMATOLOGY, SPECIALIZED LABORATORY TESTING, QUALITY SYSTEMS, PROCESS CONTROL, EDUCATION, AND MANAGEMENT. FINALLY, THE LIFESOUTH RESEARCH INSTITUTE REPRESENTS A CONCERTED EFFORT TO UTILITIZE OUR UNIQUE RESOURCES TO SUPPORT AND DEVELOP RESEARCH INITIATIVES THAT WILL CHANGE MODERN MEDICINE. WE ALSO STRIVE TO MAKE LIFESOUTH A CENTRAL POINT FOR DONORS TO CONTRIBUTE TO THEIR COMMUNITITES IN NEW AND EXCITING WAYS, ALLOWING THEM TO SAVE LIVES TODAY AND INTO THE FUTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly E Kinsell President & | Officer | 40 | $610,523 |
James D Pettyjohn Chief Op Off | Officer | 40 | $259,882 |
Christopher M Lough VP Medical S | Officer | 40 | $258,779 |
Daniel R Galasso CFO | Officer | 40 | $231,180 |
Matthew Montgomery Medical Dire | Officer | 40 | $198,953 |
Lori Masingil VP Of Qualit | Officer | 40 | $184,334 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
National Blood Testing Cooperative Ext Donor Testi | 5/30/24 | $9,649,908 |
Stack's Auto And Rv Repair Inc Bloodmobile Mfg | 5/30/24 | $692,989 |
University Air Center Air Courier | 5/30/24 | $473,009 |
Invita Healthcare Technologies Recruitment Svc | 5/30/24 | $452,421 |
Cayenne Creative Group Inc Donor Marketing | 5/30/24 | $324,386 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,681,596 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,549 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,689,145 |
| Total Program Service Revenue | $134,009,626 |
| Investment income | $2,642,339 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$311,228 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $139,873,500 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,685,000 |
| 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. | $1,827,020 |
| Compensation of current officers, directors, key employees. | $1,827,020 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,993,866 |
| Pension plan accruals and contributions | $2,133,860 |
| Other employee benefits | $4,275,715 |
| Payroll taxes | $3,473,119 |
| Fees for services: Management | $30,494 |
| Fees for services: Legal | $130,819 |
| Fees for services: Accounting | $128,839 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $584,400 |
| Advertising and promotion | $1,564,729 |
| Office expenses | $2,872,402 |
| Information technology | $2,184,936 |
| Royalties | $0 |
| Occupancy | $5,855,860 |
| Travel | $5,241,548 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,437 |
| Interest | $427,403 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,333,822 |
| Insurance | $1,556,522 |
| All other expenses | $860,587 |
| Total functional expenses | $133,473,604 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,800,698 |
| Savings and temporary cash investments | $56,508 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,838,445 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,433,301 |
| Prepaid expenses and deferred charges | $2,232,809 |
| Net Land, buildings, and equipment | $50,800,115 |
| Investments—publicly traded securities | $9,502,956 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $86,389 |
| Other assets | $16,581,133 |
| Total assets | $107,332,354 |
| Accounts payable and accrued expenses | $8,100,120 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $11,558,284 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,411,970 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,736,408 |
| Total liabilities | $27,806,782 |
| Net assets without donor restrictions | $79,525,572 |
| 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 | $107,332,354 |
Grants Awarded
Over the last fiscal year, Lifesouth Community Blood Centers Inc has awarded $4,685,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
LIFESOUTH COMMUNITY FOUNDATION INC PURPOSE: GENERAL SUPPORT | $400,000 |
COMMUNITY BLOOD HOLDINGS INC PURPOSE: GENERAL SUPPORT | $4,085,000 |
COMMUNITY BLOOD HOLDINGS INC PURPOSE: GENERAL SUPPORT | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oneblood Inc Orlando, FL | $476,148,031 | $397,472,893 |
Lifesouth Community Blood Centers Inc Gainesville, FL | $107,332,354 | $139,873,500 |
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 |