Oklahoma Blood Institute is located in Oklahoma City, OK. The organization was established in 1977. 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 03/2022, Oklahoma Blood Institute employed 1,344 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oklahoma Blood Institute 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 03/2020, Oklahoma Blood Institute generated $117.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $114.3m during the year ending 03/2020. While expenses have increased by 5.1% per year over the past 6 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, Oklahoma Blood Institute has awarded 21 individual grants totaling $5,133,717. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO BE THE DONOR TO PATIENT LIFELINES BY MEETING BLOOD TRANSFUSION AND HEALTH CARE NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVICE FEES FOR BLOOD PRODUCTS: AS THE SIXTH LARGEST BLOOD CENTER IN THE U.S., OBI MANAGES 250,000 LIFE-SAVING DONATIONS IN THE REGION ANNUALLY. OUR COMPLEX TECHNOLOGICAL INFRASTRUCTURE AND RARE MEDICAL EXPERTISE ALLOWS OBI TO PROVIDE SAFE AND ADEQUATE BLOOD TO PATIENTS IN 244 AREA HOSPITALS. OUR RIGOROUS SAFETY MEASURES AND THE TIRELESS EFFORTS OF OUR MEDICAL AND LABORATORY STAFF ENSURE THE DONATED BLOOD IS SAFE AND AVAILABLE TO SAVE LIVES.
TESTING SERVICES: WHILE MANY BLOOD CENTERS OUTSOURCE THEIR TESTING, OBI MAINTAINS AN IN-HOUSE TESTING LABORATORY TO PROVIDE A RAPID RESPONSE TO PROCESSING UNITS. OBI'S TESTING LABORATORY IS AMONG THE MOST ADVANCED IN THE NATION, PROVIDING A WIDE SCOPE OF SAFETY TESTING FOR SEVERAL BLOOD-BORN CONDITIONS, LIKE HIV, HEPATITIS C, AND WEST NILE VIRUS, TO ENSURE BLOOD PRODUCTS ARE OF THE HIGHEST QUALITY TO BE TRANSFUSED INTO PATIENTS. IF ANY SAMPLE IS POSITIVE FOR THESE ISSUES, OUR STAFF WILL NOTIFY THE DONOR AND REFER THEM FOR ADDITIONAL TESTING AND TREATMENT. AFTER THE BLOOD SAMPLE HAS BEEN CLEARED, ADDITIONAL HEALTH SCREENING TESTING WILL BE PERFORMED. WE TEST THE CHOLESTEROL LEVEL OF EVERY DONOR AS PART OF OUR STANDARD DONATION PROCESS. IN THE FALL OF 2021, WE PILOTED AN ADDITIONAL TESTING PROTOCOL FOR A1C BLOOD SUGAR LEVELS AS AN EXTRA BENEFIT TO DONORS. IN ADDITION TO OUR ROUTINE TESTING OF UNITS FOR OUR HOSPITAL PARTNERS, WE ALSO WORK TOGETHER TO ASSIST OTHER BLOOD CENTERS, CLINICS, AND ORGAN DONATION ORGANIZATIONS WITH NEEDED TESTING. OUR LABORATORY'S CUTTING-EDGE TECHNOLOGY PROVIDES THESE CLIENTS WITH THE IMPECCABLY EFFICIENT TURNAROUND REQUIRED FOR HIGHLY SPECIALIZED BLOOD TESTING. MAINTAINING STRICT AABB-ACCREDITATION AND FDA-LICENSING STANDARDS, OUR LAB PROVIDES NUCLEIC ACID TESTING AND SEROLOGICAL AND VIRAL MARKER SCREENING TESTS, INCLUDING A WIDE RANGE OF SCREENING ASSAYS. CONFIRMATORY/SUPPLEMENTAL ASSAYS AND REFERRAL TESTING SERVICES ARE ALSO OFFERED. FOR MORE INFO, VISIT OBI.ORG/MEDICAL-PROFESSIONALS/LAB-TESTING-SERVICES.
PATIENT CARE REVENUE: THERAPEUTIC APHERESIS SERVICES FOR PATIENTS AT AREA HOSPITALS ARE PROVIDED BY SPECIALLY TRAINED REGISTERED NURSES UNDER THE DIRECTION OF TRANSFUSION MEDICINE PHYSICIANS. PATIENTS UNDERGO TREATMENTS THAT REMOVE HARMFUL PROTEINS, CHEMICALS OR CELLS IN THE BLOOD THAT CONTRIBUTE TO A VARIETY OF LIFE-THREATENING DISEASES OR TRANSPLANT COMPLICATIONS. BASED ON PATIENTS' CONDITIONS, SPECIFIC OFFENDING AGENTS OR COMPONENTS OF THE BLOOD ARE ISOLATED AND IRRADIATED OR REMOVED. AFTER THIS INTRICATE PROCESSING, PATIENTS RECEIVE THEIR TREATED BLOOD TO RESTORE HEALTH.
THESE OTHER PROGRAM SERVICES ARE BLOOD PRODUCT DERIVATIVES. DERIVATIVES ARE A PRODUCT MANUFACTURED FROM A RAW MATERIAL BYPRODUCT OF BLOOD COLLECTION. OBI COLLECTS THIS MATERIAL, WHICH IS UNUSABLE FOR BLOOD TRANSFUSION, AND DISTRIBUTES THIS BYPRODUCT TO PLASMA MANUFACTURERS WHICH, IN TURN, USE IT IN THE PRODUCTION OF A BIOLOGICAL DRUG. ASSOCIATED REVENUE FOR THIS PROGRAM IS $445,116. OTHER MISCELLANEOUS REVENUE IN THE AMOUNT OF $2,568,704 COMES FROM OTHER SOURCES DIRECTLY RELATED TO THE TAX-EXEMPT PURPOSE OF THE ORGANIZATION. OBI MANAGES THE LIFE -SAVING BLOOD DONATIONS OF MORE THAN 210,000 PEOPLE IN THE REGION EACH YEAR. SOME 250,000 UNITS OF BLOOD ARE EVENTUALLY DELIVERED TO PATIENTS IN MORE THAN 240 HOSPITALS AND AIR AMBULANCE SERVICES ACROSS THE REGION, BUT NOT BEFORE UNDERGOING AN IMMENSE AMOUNT OF FDA-REGULATED PROCESSING AND TESTING FOR DONOR AND RECIPIENT SAFETY. VOLUNTEER BLOOD DONORS GIVE WHAT CAN'T BE CREATED AND PROVIDED FROM ANY OTHER MEANS. OBI RECRUITS DONORS, PROVIDES SKILLED MEDICAL STAFF, TECHNOLOGY, AND FACILITIES TO COLLECT BLOOD FROM DONORS. LAB PROFESSIONALS UNDER THE MEDICAL SUPERVISION OF PHYSICIANS PREPARE THE BLOOD FOR TRANSFUSION AND ADMINISTER 15 SAFETY TESTS. ALL MUST BE DONE WITH UTMOST URGENCY AND AROUND THE CLOCK SINCE BLOOD HAS A VERY LIMITED TIME FOR USE. OBI ADMINISTERS FIVE LAYERS OF SAFETY PROCEDURES - BLOOD DONOR ELIGIBILITY STANDARDS, INDIVIDUAL SCREENING, LABORATORY TESTING, CONFIDENTIAL EXCLUSION OF DONATIONS AND DONOR RECORD CHECKS. EXTENSIVE COMPLIANCE AND TECHNICAL TENURE ARE REQUIRED TO GET BLOOD FROM A DONOR TO A PATIENT. BLOOD CENTERS ALSO WORK CLOSELY WITH GOVERNMENT AGENCIES AND OTHER ENTITIES ON QUALITY CONTROL AND TRACKING. AN ENTIRE TEAM MANAGES THE SUPPLY LOGISTICS WITH EACH HOSPITAL SERVED SO THEY HAVE THE RIGHT BLOOD AT THE RIGHT TIME FOR PATIENTS. THIS CAN FLUCTUATE GREATLY, EVEN WITHIN A FEW HOURS. COURIERS TRAVEL MORE THAN SIX MILLION MILES EACH YEAR TO TRANSPORT DONATED BLOOD TO CENTRAL LABS AND HOSPITALS WITH ACCURACY AND EFFICIENCY, LEAVING NO NEED UNMET, REGARDLESS OF THE SITUATION OR TRAVEL CONDITIONS. HOSPITALS AND PATIENTS ARE NOT CHARGED FOR THE DONATED BLOOD ITSELF. EXPENSES ARE RECOVERED THROUGH A SERVICE FEE FOR EMPLOYEE WAGES, FUEL, VEHICLES, ADVANCED TESTING EQUIPMENT AND BLOOD PROCESSING AS SUMMARIZED ABOVE. OBI'S FEES AND QUALITY HAVE MADE IT THE CHOSEN, SOLE SUPPLIER FOR ALL OKLAHOMA CITY AREA HOSPITALS AND OTHERS ACROSS THE STATE AND REGION. IT REQUIRES 24/7, 365 DAYS-A-YEAR STAFFING AND OPERATIONS, MUCH LIKE AREA HOSPITALS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
John B Armitage MD President/ceo/medical Director | OfficerTrustee | 50 | $742,599 |
Randall Stark Cfo/treasurer | Officer | 50 | $306,974 |
Kim J Van Antwerpen Chief Operations Officer | Officer | 50 | $289,883 |
Michael Stevenson MD Medical Director | Officer | 50 | $274,437 |
Tuan Le MD Chief Medical Officer - End 8/20/21 | Officer | 50 | $268,793 |
Debra Smith MD PHD Medical Director | Officer | 50 | $261,170 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Caston Construction Construction Contractor | 3/30/22 | $2,179,560 |
Blue Cross And Blue Shield Of Oklahoma Benefits Administration | 3/30/22 | $1,384,986 |
United Mechanical Facility Maintenance | 3/30/22 | $417,287 |
Level 3 Communications Telecommunications Services | 3/30/22 | $292,760 |
Standley Systems Copier Rental/service | 3/30/22 | $334,867 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $932,743 |
Investment income | $158,420 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $81,978 |
Net Gain/Loss on Asset Sales | $954,802 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $117,823,998 |
Statement of Expenses | |
---|---|
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. | $2,709,660 |
Compensation to disqualified persons | $83,213 |
Other salaries and wages | $44,537,615 |
Pension plan accruals and contributions | $701,510 |
Other employee benefits | $11,223,226 |
Payroll taxes | $3,407,788 |
Fees for services: Management | $0 |
Fees for services: Legal | $20,068 |
Fees for services: Accounting | $107,813 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $11,119 |
Fees for services: Other | $686,587 |
Advertising and promotion | $685,752 |
Office expenses | $482,142 |
Information technology | $1,272,903 |
Royalties | $0 |
Occupancy | $3,312,323 |
Travel | $384,872 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $211,322 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $4,942,921 |
Insurance | $274,722 |
All other expenses | $0 |
Total functional expenses | $114,320,892 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,967 |
Savings and temporary cash investments | $20,831,860 |
Pledges and grants receivable | $50,000 |
Accounts receivable, net | $15,581,896 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $598,894 |
Inventories for sale or use | $4,893,326 |
Prepaid expenses and deferred charges | $1,538,067 |
Investments—publicly traded securities | $39,949 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $2,164,937 |
Other assets | $2,644,792 |
Total assets | $76,132,218 |
Accounts payable and accrued expenses | $13,318,373 |
Grants payable | $368,276 |
Deferred revenue | $3,316,071 |
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 | $7,596,538 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $1,358,010 |
Total liabilities | $25,957,268 |
Net assets without donor restrictions | $0 |
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 |
Total liabilities and net assets/fund balances | $50,174,950 |
Over the last fiscal year, Oklahoma Blood Institute has awarded $113,054 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
GLOBAL BLOOD FUND PURPOSE: GENERAL SUPPORT - SEE PART IV | $83,054 |
Oklahoma City, OK PURPOSE: FORWARD OKLAHOMA CITY PROGRAM - SEE PART IV | $22,500 |
Oklahoma City, OK PURPOSE: GENERAL SUPPORT - SEE PART IV | $7,500 |
Over the last fiscal year, we have identified 1 grants that Oklahoma Blood Institute has recieved totaling $69.
Awarding Organization | Amount |
---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $69 |
Organization Name | Assets | Revenue |
---|---|---|
Carter Bloodcare Bedford, TX | $86,713,198 | $136,887,496 |
Qualtex Laboratories San Antonio, TX | $74,789,123 | $123,906,915 |
Oklahoma Blood Institute Oklahoma City, OK | $76,132,218 | $117,823,998 |
South Texas Blood & Tissue Center San Antonio, TX | $60,738,995 | $131,841,355 |
Gulf Coast Regional Blood Center Houston, TX | $143,740,289 | $118,093,258 |
Lifegift Organ Donation Center Houston, TX | $85,558,914 | $82,767,277 |
We Are Blood Austin, TX | $45,026,171 | $52,375,039 |
Gencure San Antonio, TX | $25,453,948 | $11,678,298 |
Community Blood Center Of The Ozarks Springfield, MO | $29,264,230 | $16,189,941 |
Coastal Bend Blood Center Corpus Christi, TX | $23,138,757 | $12,101,189 |
Texoma Regional Blood Center Sherman, TX | $3,469,277 | $3,259,302 |
The Blood & Tissue Center Foundation San Antonio, TX | $824,644 | $805,133 |