Blood Bank Of Alaska Inc
- Assets
- $42.1m
- Revenue
- $10.4m
- Investments
- $0.0
- Employees
- 118
- Location
- Anchorage, AK
- Founding
- 11/1963
- Data as of
- 12/2022
- EIN
- 92-6002175
Organization Overview
Blood Bank Of Alaska Inc is located in Anchorage, AK. The organization was established in 1963. 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 12/2022, Blood Bank Of Alaska Inc employed 118 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blood Bank Of Alaska 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, Blood Bank Of Alaska Inc generated $10.4m 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 (8.9%) each year. All expenses for the organization totaled $12.2m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
DEDICATED TO SERVING THE ALASKAN COMMUNITY BY PROVIDING SAFE, PURE, AND POTENT BLOOD PRODUCTS AND LABORATORY SERVICES, WHILE MEETING HEALTH CARE NEEDS.
Describe the Organization's Program Activity:
THE BLOOD BANK OF ALASKA PROVIDES BLOOD PRODUCTS AND TESTING SERVICES TO HOSPITALS AND REGIONAL HEALTH CARE CENTERS THROUGHOUT THE STATE OF ALASKA USING THE COMMUNITY RESPONSIBILITY SYSTEM IN WHICH THERE IS NO CHARGE FOR NONPLACEMENT OF BLOOD BY A PATIENT/RECIPIENT. THE BLOOD BANK RECRUITS VOLUNTEER BLOOD DONORS TO ASSIST ALASKA HOSPITALS IN MAINTAINING AN ADEQUATE SUPPLY OF BLOOD PRODUCTS. THE BLOOD BANK ALSO FACILITATES REQUIRED BLOOD TESTING OF BLOOD PRODUCTS AND PROVIDES LABORATORY FUNCTIONS AND STORAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Scanlon CEO | Officer | 40 | $332,795 |
Janice Bruchhauser CFO | 40 | $121,178 | |
Melissa Nerad Director Of Quality Assurance | 40 | $119,433 | |
Marc Bond Chairman Of Board | OfficerTrustee | 1.5 | $0 |
Chris Mello Vice-Chairman Of Board | OfficerTrustee | 1.5 | $0 |
Chuck Coulson Board Treasurer | OfficerTrustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dr Megan Ritterak Lab Medicine Medical Service | 12/30/22 | $214,949 |
Ashere Chait Consulting Co Llc Marketing Services | 12/30/22 | $124,746 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $81,365 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $113,197 |
| Noncash contributions included in lines 1a–1f | $13,825 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $194,562 |
| Total Program Service Revenue | $10,241,477 |
| Investment income | $831 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$40,011 |
| Net Income from Gaming Activities | $16,733 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,440,598 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $1,124,854 |
| Compensation of current officers, directors, key employees. | $377,501 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,622,400 |
| Pension plan accruals and contributions | $89,372 |
| Other employee benefits | $456,795 |
| Payroll taxes | $293,174 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $71,162 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $63,455 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $601,345 |
| Advertising and promotion | $67,531 |
| Office expenses | $192,479 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $638,541 |
| Travel | $102,895 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,446 |
| Interest | $237,077 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,474,477 |
| Insurance | $184,466 |
| All other expenses | $837,047 |
| Total functional expenses | $12,226,732 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $497,646 |
| Savings and temporary cash investments | $538,121 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,194,724 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $284,162 |
| Prepaid expenses and deferred charges | $42,752 |
| Net Land, buildings, and equipment | $39,069,798 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $514,042 |
| Total assets | $42,141,245 |
| Accounts payable and accrued expenses | $596,762 |
| 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 | $4,493,650 |
| Other liabilities | $508,001 |
| Total liabilities | $5,598,413 |
| Net assets without donor restrictions | $36,542,832 |
| 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 | $42,141,245 |