Gulf Coast Regional Blood Center
- Assets
- $143.7m
- Revenue
- $118.1m
- Investments
- $0.0
- Employees
- 853
- Location
- Houston, TX
- Founding
- 04/1975
- Data as of
- 12/2021
- EIN
- 74-1809687
Organization Overview
Gulf Coast Regional Blood Center is located in Houston, TX. 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 12/2021, Gulf Coast Regional Blood Center employed 853 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gulf Coast Regional 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 12/2021, Gulf Coast Regional Blood Center generated $118.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $101.7m during the year ending 12/2021. While expenses have increased by 1.8% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO MAINTAIN AND SUPPORT A REGIONAL BLOOD SUPPLY TO SERVICE PRIMARILY THE NEEDS OF PATIENTS AND DONORS IN THE AREAS WE SERVE.
Describe the Organization's Program Activity:
TRANSFUSION SERVICES - GULF COAST REGIONAL BLOOD CENTER ("THE BLOOD CENTER OR "GCRBC") COLLECTED OVER 325,000 UNITS OF BLOOD AND BLOOD COMPONENTS FROM VOLUNTARY DONORS. WE SHIPPED MORE THAN 360,000 UNITS TO AREA HOSPITALS AND SURGICAL CENTERS. IN 2021, GULF COAST REGIONAL BLOOD CENTER RECEIVED $353,515 OF IN-KIND CONTRIBUTIONS IN SUPPORT OF ITS PROGRAMS. THIS SUPPORT IS IN ADDITION TO THE $98,990,100 OF REVENUE SHOWN ABOVE.
THE BLOOD CENTER PERFORMS 14 DIFFERENT TESTS ON EVERY UNIT OF BLOOD COLLECTED. OUR CONSULTATION AND REFERENCE LABORATORY SERVE AS A COMPATIBILITY TESTING SERVICE AND PROVIDES SUITABLE, SAFE AND EFFECTIVE BLOOD AND BLOOD COMPONENTS FOR TRANSFUSION TO PATIENTS IN OVER 100 FACILITIES. THE LABORATORY ALSO FUNCTIONS AS A REFERENCE LABORATORY FOR CLIENTS AND AREA HOSPITALS PERFORMING AND EVALUATING A WIDE VARIETY OF TESTS TO RESOLVE COMPLEX SEROLOGICAL PATIENT PROBLEMS. CONSULTATION AND REFERENCE ALSO REGISTERS RARE DONORS WITH THE AMERICAN RARE DONOR PROGRAM (ARDP) AND PROVIDES AND RECEIVES RARE UNITS THROUGH ARDP.
CELLULAR THERAPY SERVICES - THE BLOOD CENTER PERFORMS SPECIALIZED CELLULAR COLLECTIONS BY APHERESIS FOR PATIENTS WITH SPECIFIC TYPES OF CANCERS, INFECTIOUS DISEASES, AND AUTOIMMUNE DISORDERS. THE COLLECTED PRODUCTS ARE FURTHER MODIFIED BY BIOMEDICAL COMPANIES FOR REINFUSION TO THE PATIENTS AS A MEANS OF DISEASE TREATMENT OR DEVELOPMENT OF NOVEL THERAPEUTICS AND ADVANCED TREATMENT REGIMENS.
THE NATIONAL MARROW DONOR PROGRAM (NMDP) WAS TO EDUCATE AND REGISTER DONORS FOR THE NMDP REGISTRY, TO PROMOTE THE AWARENESS OF THE LIFE SAVING NEED FOR MARROW AND PERIPHERAL BLOOD DONATIONS FROM ADULT DONORS TO PATIENTS AWAITING TRANSPLANT, AND TO RAISE FUNDS FOR DONOR TESTING, TYPING AND RECRUITMENT. THE PROGRAM WAS TERMED IN MAY 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian G Gannon President And CEO | OfficerTrustee | 50 | $635,837 |
Susan N Rossmann MD PHD Cmo | OfficerTrustee | 50 | $429,130 |
Eric Eaton CFO | Officer | 50 | $304,267 |
Theresa L Pina Vp-Operations | Officer | 50 | $265,449 |
Marc D Lewis Vp-Operations | Officer | 50 | $261,034 |
Marsha F Bertholf Associate VP Medical | Officer | 50 | $208,115 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
First Choice Messengers Inc Courier Services | 12/30/21 | $580,457 |
Carter Bloodcare Recruiting Services | 12/30/21 | $622,446 |
The Reserves Network Inc Staffing Services | 12/30/21 | $413,503 |
Rite-way Janitorial Services Janitorial Services | 12/30/21 | $351,475 |
Sense Corp Consulting Services | 12/30/21 | $409,115 |
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 | $178,659 |
| Noncash contributions included in lines 1a–1f | $121,156 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $178,659 |
| Total Program Service Revenue | $114,687,760 |
| Investment income | $1,423,542 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$34,716 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $118,093,258 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,415 |
| Grants and other assistance to domestic individuals. | $44,254 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,652,314 |
| Compensation of current officers, directors, key employees. | $1,729,633 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,407,290 |
| Pension plan accruals and contributions | $2,437,951 |
| Other employee benefits | $4,375,361 |
| Payroll taxes | $2,944,283 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $65,509 |
| Fees for services: Accounting | $90,360 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $792,773 |
| Advertising and promotion | $4,627,629 |
| Office expenses | $1,509,527 |
| Information technology | $1,711,137 |
| Royalties | $0 |
| Occupancy | $2,655,390 |
| Travel | $652,332 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $223,242 |
| Interest | $8,494 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,358,178 |
| Insurance | $1,653,517 |
| All other expenses | $467,615 |
| Total functional expenses | $101,661,297 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,249,497 |
| Savings and temporary cash investments | $2,225,343 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,211,657 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,558,035 |
| Prepaid expenses and deferred charges | $1,720,451 |
| Net Land, buildings, and equipment | $25,813,452 |
| Investments—publicly traded securities | $72,250,482 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,711,372 |
| Total assets | $143,740,289 |
| Accounts payable and accrued expenses | $10,914,011 |
| Grants payable | $0 |
| Deferred revenue | $328,119 |
| 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 | $11,242,130 |
| Net assets without donor restrictions | $132,498,159 |
| 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 | $143,740,289 |
Grants Awarded
Over the last fiscal year, Gulf Coast Regional Blood Center has awarded $20,415 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
West Warwick, RI PURPOSE: BLOOD COLLECTION PROMOTION | $10,415 |
Houston, TX PURPOSE: ANNUAL FUNDRAISING GALA SUPPORT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Gulf Coast Regional Blood Center has recieved totaling $6,213.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $6,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $200 |
Celanese Foundation Irving, TX PURPOSE: CHARITABLE CONTRIBUTION | $13 |
Peer Organizations
| 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 |
Lifeshare Blood Center Shreveport, LA | $48,760,940 | $43,868,545 |
The Blood Center New Orleans, LA | $41,493,296 | $29,196,381 |
Gencure San Antonio, TX | $25,453,948 | $11,678,298 |
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 |