The Subsidiaries Of The Institute For Transfusion Medicine
- Assets
- $151.1m
- Revenue
- $181.3m
- Investments
- $140.5m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 03/2010
- Data as of
- 12/2019
- EIN
- 90-0593925
Organization Overview
The Subsidiaries Of The Institute For Transfusion Medicine is located in Pittsburgh, PA. The organization was established in 2010. According to its NTEE Classification (E61) the organization is classified as: Blood Banks, under the broad grouping of Health Care and related organizations. Subsidiaries Of The Institute For Transfusion Medicine 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 12/2019, Subsidiaries Of The Institute For Transfusion Medicine generated $181.3m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $159.1m during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Subsidiaries Of The Institute For Transfusion Medicine has awarded 32 individual grants totaling $16,800,045. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE BEST IN CLASS BLOOD PRODUCTS AND CLINICAL SERVICES TO MEET THE NEEDS OF THE HEALTHCARE COMMUNITY, PATIENTS & OUR DONORS THROUGH ADVANCED TRANSFUSION MEDICINE PRACTICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY PURPOSE OF CENTRAL BLOOD BANK AND LIFESOURCE IS TO PROMOTE PUBLIC PARTICIPATION IN A COMMUNITY-BASED BLOOD PROGRAM. A SUCCESSFUL BLOOD PROGRAM HELPS TO ASSURE AN ADEQUATE AND SAFE BLOOD SUPPLY TO THOSE MEMBERS OF THE COMMUNITY IN NEED. IN ADDITION TO HUMAN BLOOD COLLECTIONS, THE BLOOD BANKS ARE ACTIVELY INVOLVED WITH BONE MARROW AND APHERESIS TISSUE COLLECTIONS. DONOR COUNSELING IS ALSO AN IMPORTANT SERVICE PROVIDED TO THE DONATING PUBLIC.
CLINICAL SERVICES PROVIDES BLOOD AND BLOOD-RELATED DIAGNOSTIC TESTS AND PROCEDURES TO ENSURE THAT THE UNITS OF DONATED BLOOD ARE COMPATIBLE WITH SPECIFIC PATIENTS. ITXM DIAGNOSTICS PROVIDES TESTING SERVICES AND UNDERTAKES RESEARCH AND EDUCATIONAL ACTIVITIES WITH RESPECT TO BLEEDING AND CLOTTING DISORDERS AND PROVIDES THERAPEUTIC APHERESIS SERVICES.
THE HEMOPHILIA CENTER OF WESTERN PENNSYLVANIA PROVIDES MEDICAL SERVICES TO PERSONS WITH CONGENITAL BLEEDING AND CLOTTING DISORDERS AND WORKS TO DEVELOP AND SUPPORT EDUCATIONAL, RESEARCH AND THERAPEUTIC SERVICES. THEY OPERATE A 340B DRUG DISTRIBUTION PROGRAM WHICH PROVIDES FUNDS TO SUPPORT PERSONNEL, PERFORM OUTREACH CLINICS, ENHANCE COMMUNICATION VIA WEB SITE AND BROCHURES, IMPROVE BUSINESS OPERATIONS AND CLINICAL CARE THROUGH THE IMPLEMENTAION OF ELECTRONIC MEDICAL RECORDS, SUPPORT OTHER 501(C)(3) ORGANIZATIONS THAT PROVIDE EDUCATION AND CAMP OPPORTUNITIES FOR PATIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tanya Perry Itxm Cfo, Hcwp Dir/secy/treas | OfficerTrustee | 1 | $0 |
Jennifer Bou Hcwp Director/asst Secretary | OfficerTrustee | 1 | $0 |
Robert S Cole Chair | OfficerTrustee | 0 | $0 |
Patricia Abrego-Santuc Vice Chair | OfficerTrustee | 1 | $0 |
Edward Chu MD Hcwp Chair | OfficerTrustee | 1 | $0 |
Paul E Stander MD Secretary/treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Incept Corporation Telerecruitment Svcs | 6/29/17 | $1,202,157 |
Creative Testing Solutions Donor Testing | 6/29/17 | $12,410,850 |
Ait Worldwide Logistics Inc Shipping | 6/29/17 | $833,125 |
American Expediting Company Inc Shipping | 6/29/17 | $1,371,751 |
Summitt Facilities Management Facilities Mgmt Svcs | 6/29/17 | $1,026,706 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $176 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $280,442 |
| All other contributions, gifts, grants, and similar amounts not included above | $166,975 |
| Noncash contributions included in lines 1a–1f | $152,580 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $447,593 |
| Total Program Service Revenue | $178,211,292 |
| Investment income | $3,350,496 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $28,275 |
| Net Gain/Loss on Asset Sales | -$979,741 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $181,317,847 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,088,800 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $52,216,721 |
| Fees for services: Legal | $12,030 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $7,200 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $302,335 |
| Fees for services: Other | $2,409,335 |
| Advertising and promotion | $853,534 |
| Office expenses | $4,015,047 |
| Information technology | $199,623 |
| Royalties | $0 |
| Occupancy | $5,622,847 |
| Travel | $2,224,234 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,608 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,369,053 |
| Insurance | $397,715 |
| All other expenses | $5,396,778 |
| Total functional expenses | $159,075,098 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $45,244 |
| Accounts receivable, net | $4,264,203 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,104,344 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $43,602 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $140,520,680 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,148,808 |
| Total assets | $151,126,881 |
| Accounts payable and accrued expenses | $58,961 |
| Grants payable | $1,018,723 |
| 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 | $4,933,394 |
| Total liabilities | $6,011,077 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $145,115,804 |
| 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 | $151,126,881 |
Grants Awarded
Over the last fiscal year, The Subsidiaries Of The Institute For Transfusion Medicine has awarded $1,088,800 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Pittsburgh, PA PURPOSE: ESTABLISH A HEMOSTASIS AND VASCULAR BIOLOGY INSTITUTE TO FURTHER BASIC AND CLINIC RESEARCH AND EDUCATION REGARDING BLOOD DISEASES | $936,800 |
Montclair, NJ PURPOSE: ENSURE WOMEN AND ADOLESCENT GIRLS WITH BLOOD DISORDERS ARE CORRECTLY DIAGNOSED AND OPTIMALLY TREATED AND MANAGED AT EVERY LIFE STAGE. | $125,000 |
Philadelphia, PA PURPOSE: SUPPORT THE ANNUAL EDUCATIONAL MEETING FOR FEDERALLY FUNDED HEMOPHILIA TREATMENT CENTERS. | $15,000 |
Midlothian, VA PURPOSE: PATIENT ASSISTANCE FOR INSURANCE PREMIUMS TO PATIENTS WITH CHRONIC DISEASES | $12,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Blood Center Inc New York, NY | $819,022,618 | $392,002,693 |
The Subsidiaries Of The Institute For Transfusion Medicine Pittsburgh, PA | $151,126,881 | $181,317,847 |
Hcsc Blood Center Allentown, PA | $19,286,704 | $28,821,551 |
American Association Of Blood Banks Bethesda, MD | $24,237,461 | $17,845,261 |
Central Pennsylvania Blood Bank Hummelstown, PA | $15,323,088 | $15,845,054 |
Blood Bank Of Delmarva Inc Newark, DE | $0 | $12,947,614 |
Community Blood Bank Of Erie County Erie, PA | $4,765,344 | $7,315,066 |
Williamsport Area Ambulance Service Cooperative Pittsburgh, PA | $2,645,116 | $6,256,971 |
Pocono Mountain Regional Emergency Medical Services Inc Tobyhanna, PA | $3,234,730 | $3,504,983 |
The Institute For Transfusion Medicine Pittsburgh, PA | $0 | $5,367,258 |
Brooklyn United Methodist Continuum Services Inc Brooklyn, NY | $2,535,884 | $1,632,294 |
Central Jersey Blood Center Inc Summit, NJ | $0 | $410,254 |