Coastal Bend Blood Center
- Assets
- $25.0m
- Revenue
- $12.3m
- Investments
- $14.0m
- Employees
- 103
- Location
- Corpus Christi, TX
- Founding
- 03/1970
- Data as of
- 09/2023
- EIN
- 74-1653310
Organization Overview
Coastal Bend Blood Center is located in Corpus Christi, TX. The organization was established in 1970. 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, Coastal Bend Blood Center employed 103 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coastal Bend 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 09/2023, Coastal Bend Blood Center generated $12.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $11.2m during the year ending 09/2023. While expenses have increased by 2.0% 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
OPERATES BLOOD BANK
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BLOOD CENTER DRAWS, MAINTAINS AND PRESERVES BLOOD/BLOOD PRODUCTS FOR HEALTH CARE PROVIDERS IN NUECES/AREA COUNTIES IN TEXAS. THE BLOOD CENTER PROVIDED APPROXIMATELY 46,231 UNITS OF BLOOD PRODUCTS FOR THE YEAR ENDED 9-30-23.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rodney Senterfitt Immediate Past Chairman | Trustee | 2 | $0 |
Gordon E Landreth Trustee | Trustee | 2 | $0 |
Osbert Blow MD Vice-Chairman | Trustee | 2 | $0 |
Francoise Kieschnick Trustee | Trustee | 2 | $0 |
J Michael Neff MD Trustee | Trustee | 2 | $0 |
Laurie Sutor MD Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Creative Testing Solutions Testing Blood And Components | 9/29/20 | $466,422 |
Gulf Coast Regional Blood Center Testing Blood And Components | 9/29/20 | $786,093 |
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 | $436,115 |
| Noncash contributions included in lines 1a–1f | $384,255 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $436,115 |
| Total Program Service Revenue | $11,337,656 |
| Investment income | $554,072 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,262 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,347,075 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,766,526 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $231,150 |
| Advertising and promotion | $653,270 |
| Office expenses | $38,297 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $53,957 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $376,390 |
| Insurance | $170,360 |
| All other expenses | $401,456 |
| Total functional expenses | $11,179,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,153,100 |
| Savings and temporary cash investments | $1,334,293 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,582,332 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $292,277 |
| Prepaid expenses and deferred charges | $314,226 |
| Net Land, buildings, and equipment | $2,667,059 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $13,995,358 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $677,762 |
| Total assets | $25,016,407 |
| Accounts payable and accrued expenses | $1,076,779 |
| 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 | $0 |
| Total liabilities | $1,076,779 |
| Net assets without donor restrictions | $23,939,628 |
| 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 | $25,016,407 |
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 |
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 |
Oklahoma Mothers Milk Bank Inc Oklahoma City, OK | $1,040,178 | $541,694 |
Coffee Memorial Blood Center Foundation Amarillo, TX | $7,453,882 | $624,297 |
Northwest Oklahoma Blood Institute Enid, OK | $1,985,534 | -$70,834 |
Lifeshare Blood Centers Foundation Shreveport, LA | $9,764,051 | $266,065 |