Bloodworks
- Assets
- $105.7m
- Revenue
- $185.8m
- Investments
- $0.0
- Employees
- 995
- Location
- Seattle, WA
- Founding
- 01/1980
- Data as of
- 06/2021
- EIN
- 91-1019655
Organization Overview
Bloodworks is located in Seattle, WA. The organization was established in 1980. 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 06/2021, Bloodworks employed 995 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bloodworks 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 06/2021, Bloodworks generated $185.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $173.5m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Bloodworks has awarded 51 individual grants totaling $5,748,756. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SAVING LIVES THROUGH RESEARCH, INNOVATION, EDUCATION & EXCELLENCE IN BLOOD, MEDICAL & LAB SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECRUIT DONORS, COLLECT, TEST, PROCESS AND FRACTIONATE WHOLE BLOOD AND COMPONENTS INTO TRANSFUSION READY PRODUCTS (WHOLE BLOOD, RED BLOOD CELLS, PLATELETS, PLASMA AND CRYOPRECIPITATE) FOR USE IN NEARLY 90 HOSPITALS, PRIMARILY LOCATED IN THE PACIFIC NORTHWEST.
WE ARE A RESEARCH INSTITUTE WITH OVER 75 YEARS OF RESEARCH AND DISCOVERIES. BLOODWORKS SCIENTISTS HAVE TRANSFORMED PATIENT CARE WITH BREAKTHROUGHS IN TRANSFUSION MEDICINE, BLOOD BIOLOGY, BLOOD STORAGE, CANCER THERAPIES, ORGAN TRANSPLANTATION, AND TREATMENT OF CLOTTING DISORDERS. BLOODWORKS' SCIENTISTS CAN BE FOUND IN MEDICAL SCHOOLS AND AT SCIENTIFIC FORUMS SHARING THE LATEST BLOOD SCIENCE WITH DOCTORS FROM AROUND THE REGION - AND AROUND THE WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Curt Bailey President & CEO | OfficerTrustee | 40 | $775,212 |
Barbara Konkle MD Chief Scientific Officer (thru 10/20) | Officer | 40 | $379,603 |
Rebecca Kruse-Jarres MD Medical Director | 40 | $359,147 | |
Jose Lopez MD Chief Scientific Officer | Officer | 40 | $340,138 |
Paul Warner PHD Ashi Medical Director | 40 | $331,075 | |
Kirsten Alcorn Co-Chief Medical Officer Med Svcs | Officer | 40 | $296,604 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Degree 37 Llc Consulting | 6/29/21 | $484,014 |
Seattle Pharmacy Relief Pllc Temporary Staffing | 6/29/21 | $436,869 |
Blood Bank Computer Systems Computer Software Hosting | 6/29/21 | $375,374 |
Alpha Media Llc Marketing | 6/29/21 | $363,000 |
Reliable Commercial Cleaning Inc Commercial Cleaning | 6/29/21 | $335,028 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $223,064 |
| Related organizations | $0 |
| Government grants | $15,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $817,500 |
| Noncash contributions included in lines 1a–1f | $11,003 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,055,564 |
| Total Program Service Revenue | $180,405,501 |
| Investment income | $474,056 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $766,888 |
| Net Gain/Loss on Asset Sales | $3,057,276 |
| Net Income from Fundraising Events | $1,741 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $185,761,026 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $245,551 |
| Grants and other assistance to domestic individuals. | $394,242 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,278,892 |
| Compensation of current officers, directors, key employees. | $1,595,100 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,699,380 |
| Pension plan accruals and contributions | $3,124,526 |
| Other employee benefits | $5,676,648 |
| Payroll taxes | $5,461,304 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $451,149 |
| Fees for services: Accounting | $144,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $8,000 |
| Fees for services: Investment Management | $139,493 |
| Fees for services: Other | $3,225,270 |
| Advertising and promotion | $2,130,863 |
| Office expenses | $3,209,690 |
| Information technology | $4,560,921 |
| Royalties | $0 |
| Occupancy | $6,887,844 |
| Travel | $43,578 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $210,838 |
| Interest | $27,824 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,113,992 |
| Insurance | $1,015,038 |
| All other expenses | $0 |
| Total functional expenses | $173,456,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,421,612 |
| Pledges and grants receivable | $1,514,184 |
| Accounts receivable, net | $15,936,089 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,887,556 |
| Prepaid expenses and deferred charges | $2,305,001 |
| Net Land, buildings, and equipment | $38,186,593 |
| Investments—publicly traded securities | $25,844,683 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $626,952 |
| Total assets | $105,722,670 |
| Accounts payable and accrued expenses | $15,451,520 |
| 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 | $10,000,000 |
| Other liabilities | $0 |
| Total liabilities | $25,451,520 |
| Net assets without donor restrictions | $75,585,608 |
| Net assets with donor restrictions | $4,685,542 |
| 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 | $105,722,670 |
Grants Awarded
Over the last fiscal year, Bloodworks has awarded $245,551 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF WASHINGTON PURPOSE: COMPREHENSIVE CHARACTERIZATION OF MISSENSE MUTANTS IN FACTOR IX | $92,840 |
UNIVERSITY OF WASHINGTON PURPOSE: MOLECULAR AND TRANSLATIONAL STUDIES IN HEMATOLOGIC DISORDERS | $51,863 |
Houston, TX PURPOSE: WILLEBRAND FACTOR IN TRAUMATIC BRAIN INJURY | $45,848 |
UNIVERSITY OF TEXAS PURPOSE: VON WILLEBRAND FACTOR IN PREGNANCY (VIP) STUDY | $11,000 |
Peoria, IL PURPOSE: VON WILLEBRAND FACTOR IN PREGNANCY (VIP) STUDY | $11,000 |
PENN STATE HERSHEY PURPOSE: VON WILLEBRAND FACTOR IN PREGNANCY (VIP) STUDY | $11,000 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Bloodworks has recieved totaling $435,475.
| Awarding Organization | Amount |
|---|---|
American Thrombosis And Hemostasisnetwork Inc Rochester, NY PURPOSE: DATA MANAGEMENT CAPACITY RESEARCH | $175,000 |
Hemostasis And Thrombosis Research Society Inc Milwaukee, WI PURPOSE: RESEARCH | $86,400 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $59,500 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $51,160 |
The Seattle Foundation Seattle, WA PURPOSE: TO PROVIDE GENERAL SUPPORT | $20,556 |
Swedish Health Services Renton, WA PURPOSE: SPONSORSHIP | $15,000 |
Endowment Analysis
| Beg. Balance | $3,357,519 |
| Earnings | $285,917 |
| Net Contributions | $12,000 |
| Other Expense | $282,528 |
| Ending Balance | $3,372,908 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Asante Medford, OR | $2,030,793,202 | $1,067,000,527 |
Camp Bowie Service Center Oakland, CA | $146,481,054 | $935,370,038 |
Childrens Hospital Of Orange County Orange, CA | $1,359,092,221 | $992,003,540 |
Adventist Health System-West Roseville, CA | $3,327,906,475 | $789,421,387 |
Prime Healthcare Foundation Inc Ontario, CA | $1,893,168,414 | $990,033,576 |
Loma Linda Mercantile Loma Linda, CA | $5,623,174 | $892,472,678 |
Grossmont Hospital Corporation San Diego, CA | $1,425,066,151 | $963,761,157 |
Salem Health Salem, OR | $1,797,165,433 | $888,127,204 |
Renown Regional Medical Center Reno, NV | $920,238,119 | $918,236,960 |
Sharp Health Plan San Diego, CA | $261,289,169 | $875,353,493 |
Keck Medical Center Of Usc Los Angeles, CA | $1,126,857,717 | $861,650,395 |
Seattle Cancer Care Alliance Seattle, WA | $1,535,470,671 | $940,996,725 |