Hawaii Cord Blood Bank
- Assets
- $5.1m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 3
- Location
- Honolulu, HI
- Founding
- 07/2000
- Data as of
- 06/2022
- EIN
- 99-0349269
Organization Overview
Hawaii Cord Blood Bank is located in Honolulu, HI. The organization was established in 2000. 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 06/2022, Hawaii Cord Blood Bank employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hawaii Cord Blood Bank 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 06/2022, Hawaii Cord Blood Bank generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $386.5k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT MEASURES AIMED AT IMPROVING PATIENT ACCESS TO TRANSPLANT, INCLUDING THE COLLECTION AND PUBLIC BANKING OF UMBILICAL CORD BLOOD FROM HAWAII'S ETHNICALLY DIVERSE POPULATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT MEASURES AIMED AT IMPROVING PATIENT ACCESS TO TRANSPLANT, INCLUDING THE COLLECTION AND PUBLIC BANKING OF UMBILICAL CORD BLOOD FROM HAWAII'S ETHNICALLY DIVERSE POPULATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Simon Chang Board Chair/director | OfficerTrustee | 1 | $0 |
Clarissa Bueno Vice Board Chair/director | OfficerTrustee | 1 | $0 |
Robert Cooney Secretary/director | OfficerTrustee | 1 | $0 |
Jimmy Bennett Treasurer/director | OfficerTrustee | 1 | $0 |
Dr Randal K Wada President | Officer | 1 | $0 |
Nez Padilla Director | Trustee | 1 | $0 |
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 | $865,172 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $865,172 |
| Total Program Service Revenue | $171,797 |
| Investment income | $40,355 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,861 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,069,463 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $198,043 |
| Pension plan accruals and contributions | $4,932 |
| Other employee benefits | $31,488 |
| Payroll taxes | $21,230 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,229 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,319 |
| Advertising and promotion | $3,154 |
| Office expenses | $4,079 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,827 |
| All other expenses | $1,415 |
| Total functional expenses | $386,508 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $287,986 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,699,504 |
| Investments—other securities | $0 |
| Investments—program-related | $2,088,000 |
| Intangible assets | $0 |
| Other assets | $2,500 |
| Total assets | $5,077,990 |
| Accounts payable and accrued expenses | $4,932 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,932 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $5,073,058 |
| 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 | $5,077,990 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hawaii Cord Blood Bank has recieved totaling $11,959.
| Awarding Organization | Amount |
|---|---|
Friends Of Hawaii Charities Inc Honolulu, HI PURPOSE: SHIPPING OUR CORD BLOOD UNITS TO SEATTLE FOR PROCESSING AND STORAGE IS ONE OF OUR BIGGEST EXPENSE. THE $8,000 REQUEST FOR FUNDING WILL HELP WITH THE COST OF SHIPPING. | $11,524 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $435 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Blood Bank Of Hawaii Honolulu, HI | $23,636,921 | $21,436,743 |
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 |
Hawaii Cord Blood Bank Honolulu, HI | $5,077,990 | $1,069,463 |
Blood Bank Real Property Inc Honolulu, HI | $4,618,176 | $172,476 |
Coachella Valley Wellness Foundation Rancho Mirage, CA | $954,527 | $90,829 |
California Blood Bank Society Sacramento, CA | $107,377 | $0 |