The Blood Center
- Assets
- $44.6m
- Revenue
- $26.3m
- Investments
- $0.0
- Employees
- 253
- Location
- New Orleans, LA
- Founding
- 11/1973
- Data as of
- 12/2023
- EIN
- 72-0725401
Organization Overview
The Blood Center is located in New Orleans, LA. The organization was established in 1973. 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 12/2023, Blood Center employed 253 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blood Center 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 12/2023, Blood Center generated $26.3m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $24.3m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 9 years. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
BLOOD AND COMPONENTS - THE BLOOD CENTER RECRUITS, COLLECTS, PROCESSES AND DISTRIBUTES BLOOD AND BLOOD COMPONENTS FOR OVER 40 HOSPITALS AND HEALTHCARE FACILITIES. THE BLOOD PRODUCTS ARE PROVIDED TO THE FACILITIES ON A FEE FOR SERVICE BASIS.
OTHER RELATED AREAS INCLUDED IN OTHER PROGRAM SERVICES IS THERAPEUTIC APHERESIS. THERAPEUTIC APHERESIS IS THE PROCESS OF REMOVING ABNORMAL OR PATHOLOGIC SUBSTANCES FROM A PATIENT'S BLOOD USING AUTOMATED BLOOD CELL SEPARATOR EQUIPMENT, WHILE RETURNING ALL OTHER BLOOD COMPONENTS. RED BLOOD CELLS, WHITE BLOOD CELLS, PLASMA, OR PLATELETS MAY BE SELECTIVELY REMOVED, AS REQUSTED BY THE PATIENT'S PHYSICIAN. EXAMPLES WOULD BE THE REMOVAL OF ABNORMAL RED BLOOD CELLS IN A SICKLE CELL ANEMIA PATIENT, LEUKEMIA CELLS PRIOR TO CHEMOTHERAPY, PLASMA IN PATIENTS WITH ABNORMAL ANTIBODY PRODUCTION OR PLATELETS IN PATIENTS WITH HIGH COUNTS AT RISK FOR STROKE. THE BLOOD CENTER NURSING STAFF, UNDER THE SUPERVISION OF THE MEDICAL DIRECTOR, BRINGS THE LATEST MOBILE THERAPEUTIC APHERESIS TECHNOLOGY DIRECTLY TO THE PATIENT'S BEDSIDE.
REFERENCE LAB - PROVIDES TRANSFUSION SERVICES (BLOOD CROSS MATCH AND ANTIBODY IDENTIFICATION) TO CLIENT HOSPITALS, TO ENSURE SAFE AND EFFECTIVE BLOOD AND BLOOD COMPONENTS FOR TRANSFUSION TO PATIENTS AT OVER 40 FACILITIES. THE REFERENCE LAB ALSO RESOLVES COMPLEX SEROLOGICAL CASES AND PROVIDES RARE BLOOD UNITS THROUGH THE AMERICAN RARE DONOR PROGRAM (ARDP).
OUTSIDE TESTING - THE BLOOD CENTER PROVIDES INFECTIOUS DISEASE TESTING TO DETERMINE THE SUITABILITY OF DONATED BLOOD, PLATELETS AND PLASMA. THIS TESTING IS PERFORMED FOR HOSPITALS AND OTHER HEALTH CARE ORGANIZATIONS LOCATED PRIMARILY IN LOUISIANA AND MISSISSIPPI.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William C Weales Director, President & CEO | OfficerTrustee | 50 | $433,556 |
Bryan Bode Director | Trustee | 1 | $0 |
Matthew French Director | Trustee | 1 | $0 |
Monique Bariel Carey Director | Trustee | 1 | $0 |
Paul Salles Director | Trustee | 1 | $0 |
John Stassi II Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
National Blood Testing Coop Lab Services | 12/30/23 | $2,002,215 |
Open Force Courier Services | 12/30/23 | $814,362 |
Gpi Software Support | 12/30/23 | $207,125 |
Invita Software Support | 12/30/23 | $181,034 |
Gulf South Coach Systems Llc Repair & Maintenance | 12/30/23 | $173,652 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,381 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,396 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,777 |
| Total Program Service Revenue | $25,482,430 |
| Investment income | $357,838 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,309,432 |
| 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. | $661,136 |
| Compensation of current officers, directors, key employees. | $132,348 |
| Compensation to disqualified persons | $7,611,896 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $229,986 |
| Other employee benefits | $1,284,855 |
| Payroll taxes | $633,792 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,518 |
| Fees for services: Accounting | $199,016 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $45,414 |
| Fees for services: Other | $2,691,175 |
| Advertising and promotion | $883,602 |
| Office expenses | $4,542,873 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $600,418 |
| Travel | $25,246 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,209 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,109,015 |
| Insurance | $1,009,738 |
| All other expenses | $0 |
| Total functional expenses | $24,264,365 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,229,033 |
| Savings and temporary cash investments | $1,327,457 |
| Pledges and grants receivable | $101,327 |
| Accounts receivable, net | $3,564,711 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $468,318 |
| Inventories for sale or use | $1,188,052 |
| Prepaid expenses and deferred charges | $561,731 |
| Net Land, buildings, and equipment | $11,885,596 |
| Investments—publicly traded securities | $18,678,819 |
| Investments—other securities | $0 |
| Investments—program-related | $490,058 |
| Intangible assets | $0 |
| Other assets | $1,146,858 |
| Total assets | $44,641,960 |
| Accounts payable and accrued expenses | $1,911,475 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $924,254 |
| Total liabilities | $2,835,729 |
| Net assets without donor restrictions | $41,806,231 |
| 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 | $44,641,960 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lifeshare Blood Center Shreveport, LA | $48,729,575 | $47,297,189 |
The Blood Center New Orleans, LA | $44,641,960 | $26,309,432 |
Mississippi Blood Services Inc Flowood, MS | $18,819,197 | $20,283,043 |
Gencure San Antonio, TX | $21,827,142 | $5,012,409 |
Coastal Bend Blood Center Corpus Christi, TX | $25,016,407 | $12,347,075 |
Texoma Regional Blood Center Sherman, TX | $3,528,545 | $2,946,304 |
The Blood & Tissue Center Foundation San Antonio, TX | $1,168,128 | $1,236,454 |
Alliance For Community Transfusion Services Llc Bedford, TX | $1,076,327 | $521,331 |
Coffee Memorial Blood Center Foundation Amarillo, TX | $7,453,882 | $624,297 |
Lifeshare Blood Centers Foundation Shreveport, LA | $9,764,051 | $266,065 |