American Donor Services Inc
- Assets
- $2.3m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Cottage Grove, MN
- Founding
- 02/2004
- Data as of
- 12/2022
- EIN
- 74-3091942
Organization Overview
American Donor Services Inc is located in Cottage Grove, MN. The organization was established in 2004. According to its NTEE Classification (E61) the organization is classified as: Blood Banks, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Donor Services 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 12/2022, American Donor Services Inc generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMPLETED HUMAN TISSUE RECOVERY PROCEDURES FOR TISSUES DONATED FOR TRANSPLANT: MUSCULOSKELETAL, SKIN, CARDIOVASCULAR, AND RESEARCH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Haliburton Executive Director | 50 | $197,304 | |
Will Brooke Chairman | 4 | $7,500 | |
Gary Alberts Director | 3 | $7,500 | |
Lance Lerner Director | 3 | $7,500 | |
Mitch Godfrey Secretary | 3 | $7,500 | |
Kevin L Noyes Staff | 40 | $119,129 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,803 |
| Dividends & Interest | $7 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$7,270 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,625,350 |
| Total Revenue | $1,621,890 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $227,304 |
| Other employee salaries and wages | $828,744 |
| Pension plans, employee benefits | $33,498 |
| Interest | $0 |
| Taxes | $75,356 |
| Depreciation | $42,270 |
| Occupancy | $19,300 |
| Travel, conferences, and meetings | $3,065 |
| Printing and publications | $2,931 |
| Other expenses | $530,186 |
| Total operating and administrative expenses | $1,829,551 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,829,551 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $867,888 |
| Savings and temporary cash investments | $942,709 |
| Net Accounts receivable | $325,656 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $122,733 |
| Other assets | $61,271 |
| Total assets | $2,320,257 |
| Accounts payable and accrued expenses | $36,815 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $36,815 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Blood Center Of Northcentral Wisconsin Inc Wausau, WI | $5,589,265 | $3,775,847 |
American Donor Services Inc Cottage Grove, MN | $2,320,257 | $1,621,890 |
Hemophilia Of Iowa Inc Des Moines, IA | $421,465 | $189,415 |
Dak-Minn Blood Bank Grand Forks, ND | $327,560 | $129,379 |
Blood Banks Association Of New York State Inc St Paul, MN | $56,136 | $0 |