Totals
- Total revenue
- $30,813,451
- Total expenses
- $31,251,412
- Contributions and grants received
- $0
- Grants paid
- $28,750
- Program service revenue
- $30,214,182
- Investment income
- $507,735
- Other revenue
- $91,534
- Total assets, end of year
- $35,556,690
- Total liabilities, end of year
- $35,206,690
- Net assets or fund balances, end of year
- $350,000
- Program services expenses (Part IX)
- $28,750
- Management and general expenses
- $31,222,662
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $28,750
Program services were 0.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: AFFILIATE FEES
total $30,214,182 · related or exempt $30,214,182
-
3 · Investment income
total $524,171 · excluded $524,171
-
7a · Gross sales of assets other than inventory
securities $100,000
-
7b · Less cost or other basis and sales expenses
securities $116,436
-
7c · Gain or loss
securities -$16,436
-
7d · Net gain or loss
total -$16,436 · excluded -$16,436
-
11a · Other revenue: CREDIT CARD REBATES
total $89,735 · excluded $89,735
-
11b · Other revenue: MISCELLANEOUS
total $1,799 · excluded $1,799
-
11e · Other revenue, total
$91,534
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $28,750 · program services $28,750
-
11b · Fees: legal
total $1,014,663 · management and general $1,014,663
-
11c · Fees: accounting
total $476,087 · management and general $476,087
-
11d · Fees: lobbying
total $106,310 · management and general $106,310
-
11f · Fees: investment management
total $52,983 · management and general $52,983
-
11g · Fees: other
total $1,479,744 · management and general $1,479,744
-
12 · Advertising and promotion
total $935,432 · management and general $935,432
-
13 · Office expenses
total $15,462 · management and general $15,462
-
14 · Information technology
total $2,783,198 · management and general $2,783,198
-
16 · Occupancy
total $8,202 · management and general $8,202
-
17 · Travel
total $353,876 · management and general $353,876
-
19 · Conferences, conventions and meetings
total $78,492 · management and general $78,492
-
22 · Depreciation, depletion and amortization
total $592,094 · management and general $592,094
-
23 · Insurance
total $2,078,873 · management and general $2,078,873
-
24a · Other expenses: SALARIES FOR REL ORGS
total $15,437,560 · management and general $15,437,560
-
24b · Other expenses: DONOR COST
total $2,878,131 · management and general $2,878,131
-
24c · Other expenses: EMPLOYMENT
total $1,089,096 · management and general $1,089,096
-
24d · Other expenses: VERSITI SERVICES ALLOC
total $984,247 · management and general $984,247
-
24e · All other expenses
total $858,212 · management and general $858,212
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $14,328,340 · end of year $19,137,819
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $6,787,054 · end of year $8,561,238
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $1,139,095
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $1,810,371 · end of year $1,523,386
-
10a · Land, buildings and equipment: cost or other basis
$3,437,040
-
10b · Land, buildings and equipment: accumulated depreciation
$2,146,456
-
10c · Land, buildings and equipment, net
beginning of year $1,617,136 · end of year $1,290,584
-
11 · Investments: publicly traded securities
beginning of year $2,598,527 · end of year $3,116,147
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $350,000 · end of year $350,000
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $229,000 · end of year $438,421
-
17 · Accounts payable and accrued expenses
beginning of year $24,902,598 · end of year $32,107,713
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $2,467,830 · end of year $3,098,977
-
27 · Net assets without donor restrictions
beginning of year $350,000 · end of year $350,000
Mission and programs · 2023
Mission
VERSITI, INC. (VERSITI) SUPPORTS CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES OF ITS AFFILIATES AND OTHER SIMILAR ENTITIES ENGAGED IN BLOOD TRANSFUSION, SERVICES AND RESEARCH.
Activities or mission (Part I)
(SEE SCHEDULE O)
-
VERSITI SUPPORTS VERSITI WISCONSIN, VERSITI ILLINOIS, VERSITI MICHIGAN AND VERSITI INDIANA BY PROVIDING VARIOUS CENTRALIZED MANAGEMENT AND ADMINISTRATIVE FUNCTIONS.
Expenses $28,750 · Grants $28,750 · Revenue $30,214,182
As filed on the 2023 return.
Listed in Part VII
-
CHRIS MISKEL
PRESIDENT & CEO
- Total calculated
- $1,480,476
- From this org
- $0
- From related orgs
- $1,425,101
- Other
- $55,375
- Hours/week
- 1 + 54 related
Schedule J breakdown matched by us
- Base
- $0 + $767,497 related
- Bonus
- $0 + $633,934 related
- Other
- $0 + $23,670 related
- Deferred
- $0 + $22,500 related
- Nontaxable benefits
- $0 + $32,875 related
- Filer's total
- $0 + $1,480,476 related
-
FRED GEILFUSS
CHAIR; LEGAL ADVISOR
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
L ALAN WHALEY
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
SHERRY HUSA
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
RON MILLER
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
NICHOLAS BAUER
BOARD MEMBER - AS OF 3/23
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
COREEN DICUS-JOHNSON JD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
DAVID GINSBURG MD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
CECELIA GORE
BOARD MEMBER - AS OF 11/23
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
GAIL HANSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
THOMAS HAUSKE JR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
DALE KENT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
ROBERT H MANEGOLD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
JEFFREY S MCDONALD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
MAGGEY OPLINGER
BOARD MEMBER - AS OF 11/23
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
JOHN PERRAS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
KATHY THORNTON-BIAS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
GREG WESLEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
PETER ZIEGLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
BART REUTER
EVP & GENERAL COUNSEL
- Total calculated
- $785,165
- From this org
- $0
- From related orgs
- $720,940
- Other
- $64,225
- Hours/week
- 1 + 54 related
Schedule J breakdown matched by us
- Base
- $0 + $410,935 related
- Bonus
- $0 + $284,861 related
- Other
- $0 + $25,144 related
- Deferred
- $0 + $23,100 related
- Nontaxable benefits
- $0 + $41,125 related
- Filer's total
- $0 + $785,165 related
-
ANTHONY WATKINS
EVP & CHIEF FINANCIAL OFFICER
- Total calculated
- $781,954
- From this org
- $0
- From related orgs
- $741,823
- Other
- $40,131
- Hours/week
- 1 + 54 related
Schedule J breakdown matched by us
- Base
- $0 + $429,713 related
- Bonus
- $0 + $282,211 related
- Other
- $0 + $29,899 related
- Deferred
- $0 + $23,100 related
- Nontaxable benefits
- $0 + $17,031 related
- Filer's total
- $0 + $781,954 related
-
BRIAN BAUTISTA
EVP & CHIEF OPERATING OFFICER
- Total calculated
- $741,795
- From this org
- $0
- From related orgs
- $687,493
- Other
- $54,302
- Hours/week
- 1 + 54 related
Schedule J breakdown matched by us
- Base
- $0 + $453,692 related
- Bonus
- $0 + $212,281 related
- Other
- $0 + $21,520 related
- Deferred
- $0 + $19,816 related
- Nontaxable benefits
- $0 + $34,486 related
- Filer's total
- $0 + $741,795 related
-
MICHAEL DEININGER MD
EVP & CHIEF SCIENTIFIC OFFICER
- Total calculated
- $683,113
- From this org
- $0
- From related orgs
- $643,660
- Other
- $39,453
- Hours/week
- 1 + 54 related
Schedule J breakdown matched by us
- Base
- $0 + $506,108 related
- Bonus
- $0 + $109,160 related
- Other
- $0 + $28,392 related
- Deferred
- $0 + $16,625 related
- Nontaxable benefits
- $0 + $22,828 related
- Filer's total
- $0 + $683,113 related
-
GITESH DUBAL
EVP & CHIEF MARKETING OFFICER
- Total calculated
- $677,152
- From this org
- $0
- From related orgs
- $620,167
- Other
- $56,985
- Hours/week
- 1 + 54 related
Schedule J breakdown matched by us
- Base
- $0 + $370,731 related
- Bonus
- $0 + $225,766 related
- Other
- $0 + $23,670 related
- Deferred
- $0 + $22,500 related
- Nontaxable benefits
- $0 + $34,485 related
- Filer's total
- $0 + $677,152 related
-
BRADLEY PIETZ
EVP & CHIEF LABORATORY OFFICER
- Total calculated
- $616,384
- From this org
- $0
- From related orgs
- $553,405
- Other
- $62,979
- Hours/week
- 1 + 54 related
Schedule J breakdown matched by us
- Base
- $0 + $290,849 related
- Bonus
- $0 + $237,389 related
- Other
- $0 + $25,167 related
- Deferred
- $0 + $22,725 related
- Nontaxable benefits
- $0 + $40,254 related
- Filer's total
- $0 + $616,384 related
-
BARBARA BRYANT
EVP & CHIEF MEDICAL OFFICER
- Total calculated
- $571,871
- From this org
- $0
- From related orgs
- $546,023
- Other
- $25,848
- Hours/week
- 1 + 54 related
Schedule J breakdown matched by us
- Base
- $0 + $509,725 related
- Bonus
- $0 + $18,210 related
- Other
- $0 + $18,088 related
- Deferred
- $0 + $23,100 related
- Nontaxable benefits
- $0 + $2,748 related
- Filer's total
- $0 + $571,871 related
-
JAMES WEIDNER
EVP & CHIEF HR OFFICER
- Total calculated
- $564,260
- From this org
- $0
- From related orgs
- $509,607
- Other
- $54,653
- Hours/week
- 1 + 54 related
Schedule J breakdown matched by us
- Base
- $0 + $309,770 related
- Bonus
- $0 + $174,444 related
- Other
- $0 + $25,393 related
- Deferred
- $0 + $23,100 related
- Nontaxable benefits
- $0 + $31,553 related
- Filer's total
- $0 + $564,260 related
-
ALEXANDRA PIEPER
VP & CHIEF QLT OFF - THRU 10/23
- Total calculated
- $563,685
- From this org
- $0
- From related orgs
- $521,280
- Other
- $42,405
- Hours/week
- 1 + 54 related
Schedule J breakdown matched by us
- Base
- $0 + $213,792 related
- Bonus
- $0 + $78,750 related
- Other
- $0 + $228,738 related
- Deferred
- $0 + $16,155 related
- Nontaxable benefits
- $0 + $26,250 related
- Filer's total
- $0 + $563,685 related
-
LYNNE BRIGGS
VP & CHIEF INFORMATION OFFICER
- Total calculated
- $525,083
- From this org
- $0
- From related orgs
- $474,099
- Other
- $50,984
- Hours/week
- 1 + 54 related
Schedule J breakdown matched by us
- Base
- $0 + $314,287 related
- Bonus
- $0 + $153,005 related
- Other
- $0 + $6,807 related
- Deferred
- $0 + $25,751 related
- Nontaxable benefits
- $0 + $25,233 related
- Filer's total
- $0 + $525,083 related
-
JESSICA DROUILLARD
VP & CHIEF QLT OFF - AS OF 10/23
- Total calculated
- $178,272
- From this org
- $0
- From related orgs
- $165,284
- Other
- $12,988
- Hours/week
- 1 + 54 related
Schedule J breakdown matched by us
- Base
- $0 + $149,995 related
- Bonus
- $0 + $14,400 related
- Other
- $0 + $889 related
- Deferred
- $0 + $10,176 related
- Nontaxable benefits
- $0 + $2,812 related
- Filer's total
- $0 + $178,272 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · First-class or charter travel
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4a · Severance or change-of-control payment
- 5b · Pay contingent on a related organization's revenues
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
Answered no
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 1A
- CHARTER TRAVEL VERSITI, INC. PAID FOR A CHARTERED FLIGHT FOR ONE LISTED INDIVIDUAL FOR BUSINESS PURPOSES. THE CHARTER TRAVEL IS NOT TREATED AS TAXABLE COMPENSATION. BUSINESS CLUB DUES VERSITI, INC. PROVIDES BUSINESS CLUB MEMBERSHIPS FOR THE FOLLOWING EMPLOYEE: CHRIS MISKEL - $22,961. THE CLUB MEMBERSHIPS ARE NOT TREATED AS TAXABLE COMPENSATION. THE EMPLOYEE USES THESE MEMBERSHIPS FOR BUSINESS MEETINGS OFF SITE AND BUSINESS LUNCHES/DINNERS. ANY PERSONAL EXPENSES INCURRED AT THE CLUB ARE PAID FOR DIRECTLY BY THE EMPLOYEES OR THE EMPLOYEES REIMBURSES THE ENTITY FOR PERSONAL EXPENSES.
- PART I, LINE 4A
- SEVERANCE PAYMENT AN INDIVIDUAL RECEIVED A SEVERANCE PAYMENT. THE SEVERANCE IS INCLUDED IN COMPENSATION IN SCHEDULE J, PART II, COLUMN (B)(III).
- PART I, LINES 5B, 6B AND 7:
- NON-FIXED PAYMENTS INCENTIVE PAYOUT OPPORTUNITIES, BASED ON PERCENTAGE OF BASE PAY RATE, ARE AVAILABLE TO CERTAIN EMPLOYEES OF THE FILING ORGANIZATION. WHILE LEVELS OF THE INCENTIVE PAYOUT OPPORTUNITY ARE FIXED AND DETERMINED PERCENTAGES OF BASE COMPENSATION, THE INCENTIVE PAYOUT IS DETERMINED, IN PART, ON THE CONSOLIDATED REVENUE AND NET EARNINGS OF OPERATING DIVISIONS. THE INCENTIVE PAYOUT IS SUBJECT TO THE REVIEW OF ACCOMPLISHMENTS/OBJECTIVES AND THE ULTIMATE DETERMINATION OF INCENTIVE COMPENSATION IS SUBJECT TO PRESIDENT/CEO AND EXECUTIVE COMMITTEE OF THE BOARD APPROVAL.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · BLOOD · WI · controlled entity
Directly controlled by VERSITI
-
VERSITI BLOOD RESEARCH INSTITUTE FNDN
501(C)(3) · SUPPORT · WI · controlled entity
Directly controlled by VERSITI
-
501(C)(3) · BLOOD · IL · controlled entity
Directly controlled by VERSITI
-
501(C)(3) · BLOOD · MI · controlled entity
Directly controlled by VERSITI
-
501(C)(3) · BLOOD · IN · controlled entity
Directly controlled by VERSITI
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
C · LABS & TRIALS · TX
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 28 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403039349301130
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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