Blood Systems Inc
- Assets
- $33.3m
- Revenue
- $98.2m
- Investments
- $0.0
- Employees
- 765
- Location
- Scottsdale, AZ
- Founding
- 10/2015
- Data as of
- 12/2018
- EIN
- 81-1084129
Organization Overview
Blood Systems Inc is located in Scottsdale, AZ. The organization was established in 2015. 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 12/2018, Blood Systems Inc employed 765 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Blood Systems 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 12/2018, Blood Systems Inc generated $98.2m in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $100.8m during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 3 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
BLOOD BANKING AND RESEARCH. SEE SCHEDULE O FOR MORE INFORMATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O FOR FURTHER DETAIL.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frederick Axelrod MD Trustee/ceo/pres/sec - Ls | Officer | 55 | $418,923 |
Dennis M Todd PHD President/ceo - Bcrbc | Officer | 55 | $397,248 |
Donald J Chaffin VP Chief Medical Officer - Ls | 45 | $308,847 | |
Scott A Miller VP Bus Dev/cfo - Ls | Officer | 45 | $255,704 |
Michael T Davenport Regional Director - Bcrbc | 45 | $192,771 | |
Kevin D Moore VP Operations - Ls | 45 | $175,021 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Creative Testing Solutions Blood Testing Svcs | 12/30/18 | $7,391,653 |
Merchants Building Maintenance Llc Maintenance Services | 12/30/18 | $260,743 |
Deliver-it Delivery Services | 12/30/18 | $221,796 |
Ups Delivery Services | 12/30/18 | $117,565 |
It Synergistics Llc It Consultant | 12/30/18 | $144,872 |
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 | $322,569 |
| Noncash contributions included in lines 1a–1f | $215,709 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $322,569 |
| Total Program Service Revenue | $97,336,067 |
| Investment income | $391,955 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $104,215 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $98,154,806 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $247,648 |
| 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. | $1,043,460 |
| Compensation of current officers, directors, key employees. | $1,043,460 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,420,598 |
| Pension plan accruals and contributions | $788,556 |
| Other employee benefits | $5,070,924 |
| Payroll taxes | $2,039,265 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,083,751 |
| Fees for services: Accounting | $32,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $89,903 |
| Fees for services: Other | $975,847 |
| Advertising and promotion | $282,325 |
| Office expenses | $2,581,654 |
| Information technology | $832,724 |
| Royalties | $0 |
| Occupancy | $2,706,856 |
| Travel | $1,997,677 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $427,163 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,383,419 |
| Insurance | $433,886 |
| All other expenses | $0 |
| Total functional expenses | $100,787,166 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,561,984 |
| Savings and temporary cash investments | $174,882 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,178,640 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $866,989 |
| Prepaid expenses and deferred charges | $133,121 |
| Net Land, buildings, and equipment | $11,845,852 |
| Investments—publicly traded securities | $11,062,822 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $482,447 |
| Total assets | $33,306,737 |
| Accounts payable and accrued expenses | $5,512,351 |
| 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 | $8,212,946 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $464,904 |
| Total liabilities | $14,190,201 |
| Unrestricted restricted net Assets | $19,116,536 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $19,116,536 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Blood Systems Inc has recieved totaling $400.
| Awarding Organization | Amount |
|---|---|
Intuit Foundation Mountain View, CA PURPOSE: MATCHING GIFTS | $400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vitalant Scottsdale, AZ | $765,654,359 | $836,631,426 |
Blood Systems Inc Scottsdale, AZ | $33,306,737 | $98,154,806 |
Blood Bank Of San Bernadino And Riverside Counties San Bernardino, CA | $38,616,037 | $63,602,711 |
San Diego Blood Bank San Diego, CA | $35,753,228 | $59,499,339 |
Central California Blood Center Fresno, CA | $43,110,818 | $26,859,582 |
Houchin Community Blood Bank Bakersfield, CA | $11,828,729 | $14,822,110 |
Northern California Community Blood Bank Eureka, CA | $4,285,239 | $5,461,229 |
International Council For Commonality In Blood Banking Auto San Bernardino, CA | $4,224,627 | $2,172,718 |
Houchin Community Foundation Bakersfield, CA | $14,670,410 | $277,041 |
Coachella Valley Wellness Foundation Rancho Mirage, CA | $954,527 | $90,829 |
California Blood Bank Society Sacramento, CA | $107,377 | $0 |
Give Liquid Gold Salt Lake City, UT | $2,138 | $0 |