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Nonprofiteer
← BLOODWORKS

Form 990 for tax year 2022

Filed by BLOODWORKS.

Totals

Total revenue
$154,247,401
Total expenses
$150,376,492
Contributions and grants received
$10,966,183
Grants paid
$610,064
Program service revenue
$141,976,529
Investment income
$643,850
Other revenue
$660,839
Total assets, end of year
$112,716,614
Total liabilities, end of year
$31,722,072
Net assets or fund balances, end of year
$80,994,542
Program services expenses (Part IX)
$127,763,306
Management and general expenses
$22,298,586
Fundraising expenses
$314,600
Program service expenses (Part III)
$127,763,306

Program services were 85.0% 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.

  • 1e · Government grants (contributions)

    $10,125,278

  • 1f · All other contributions, gifts and grants

    $840,905

  • 2a · Program service revenue: BLOOD AND LABORATORY SERVICE FEES

    total $115,336,157 · related or exempt $115,336,157

  • 2b · Program service revenue: BIOLOGICAL PRODUCT FEES

    total $12,766,187 · related or exempt $12,766,187

  • 2c · Program service revenue: RESEARCH REVENUE

    total $5,277,069 · related or exempt $5,277,069

  • 2d · Program service revenue: APHERESIS THERAPEUTIC FEES

    total $4,393,580 · related or exempt $4,393,580

  • 2e · Program service revenue: OTHER BLOOD BANK SERVICES

    total $2,026,480 · related or exempt $2,026,480

  • 2f · All other program service revenue

    total $2,177,056 · related or exempt $2,177,056

  • 3 · Investment income

    total $1,114,575 · excluded $1,114,575

  • 6a · Gross rents

    real property $1,646,683

  • 6b · Less rental expenses

    real property $985,844

  • 6c · Rental income or loss

    real property $660,839

  • 6d · Net rental income or loss

    total $660,839 · excluded $660,839

  • 7a · Gross sales of assets other than inventory

    securities $3,185,325 · other assets $82,000

  • 7b · Less cost or other basis and sales expenses

    securities $3,516,767 · other assets $221,283

  • 7c · Gain or loss

    securities -$331,442 · other assets -$139,283

  • 7d · Net gain or loss

    total -$470,725 · excluded -$470,725

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $178,074 · program services $178,074

  • 2 · Grants to domestic individuals

    total $431,990 · program services $431,990

  • 5 · Compensation of officers, directors and key employees

    total $4,133,507 · program services $2,654,950 · management and general $1,478,557

  • 7 · Other salaries and wages

    total $65,639,826 · program services $55,460,056 · management and general $9,961,602 · fundraising $218,168

  • 8 · Pension plan contributions

    total $3,646,149 · program services $3,113,588 · management and general $530,474 · fundraising $2,087

  • 9 · Other employee benefits

    total $6,853,598 · program services $5,760,398 · management and general $1,071,292 · fundraising $21,908

  • 10 · Payroll taxes

    total $5,705,978 · program services $4,806,588 · management and general $881,638 · fundraising $17,752

  • 11b · Fees: legal

    total $300,914 · management and general $300,914

  • 11c · Fees: accounting

    total $145,847 · management and general $145,847

  • 11f · Fees: investment management

    total $112,318 · management and general $112,318

  • 11g · Fees: other

    total $3,532,868 · program services $2,580,397 · management and general $951,346 · fundraising $1,125

  • 12 · Advertising and promotion

    total $3,433,804 · program services $3,401,112 · management and general $22,342 · fundraising $10,350

  • 13 · Office expenses

    total $4,015,118 · program services $1,926,911 · management and general $2,086,035 · fundraising $2,172

  • 14 · Information technology

    total $5,258,033 · program services $4,390,271 · management and general $851,633 · fundraising $16,129

  • 16 · Occupancy

    total $8,072,064 · program services $7,463,748 · management and general $596,790 · fundraising $11,526

  • 17 · Travel

    total $369,840 · program services $313,059 · management and general $56,781

  • 19 · Conferences, conventions and meetings

    total $284,336 · program services $118,247 · management and general $166,089

  • 20 · Interest

    total $70,260 · program services $30,584 · management and general $35,687 · fundraising $3,989

  • 22 · Depreciation, depletion and amortization

    total $5,737,198 · program services $3,291,171 · management and general $2,440,952 · fundraising $5,075

  • 23 · Insurance

    total $1,266,857 · program services $1,053,365 · management and general $209,447 · fundraising $4,045

  • 24a · Other expenses: DRUGS AND SUPPLIES

    total $28,694,341 · program services $28,694,341

  • 24b · Other expenses: TRANSPORTATION

    total $2,493,572 · program services $2,094,456 · management and general $398,842 · fundraising $274

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $15,800,704 · end of year $12,400,184

  • 3 · Pledges and grants receivable

    beginning of year $1,732,677 · end of year $1,376,608

  • 4 · Accounts receivable

    beginning of year $19,529,582 · end of year $16,926,048

  • 8 · Inventories for sale or use

    beginning of year $3,102,986 · end of year $3,139,975

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,326,785 · end of year $2,541,527

  • 10a · Land, buildings and equipment: cost or other basis

    $141,425,889

  • 10b · Land, buildings and equipment: accumulated depreciation

    $107,199,874

  • 10c · Land, buildings and equipment, net

    beginning of year $34,400,768 · end of year $34,226,015

  • 11 · Investments: publicly traded securities

    beginning of year $23,043,659 · end of year $25,790,711

  • 13 · Investments: program-related

    beginning of year $525,000 · end of year $525,000

  • 15 · Other assets

    beginning of year $0 · end of year $15,790,546

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,552,071 · end of year $15,510,456

  • 24 · Unsecured notes and loans payable

    beginning of year $10,000,000 · end of year $150,663

  • 25 · Other liabilities

    beginning of year $0 · end of year $16,060,953

  • 27 · Net assets without donor restrictions

    beginning of year $70,911,160 · end of year $76,538,172

  • 28 · Net assets with donor restrictions

    beginning of year $3,998,930 · end of year $4,456,370

Mission and programs · 2022

Mission

SAVING LIVES THROUGH RESEARCH, INNOVATION, EDUCATION AND EXCELLENCE IN BLOOD, MEDICAL AND LABORATORY SERVICES IN PARTNERSHIP WITH OUR COMMUNITY.

Activities or mission (Part I)

SAVING LIVES THROUGH RESEARCH, INNOVATION, EDUCATION & EXCELLENCE IN BLOOD, MEDICAL & LAB SERVICES.

  • 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.

    Expenses $118,879,784 · Revenue $136,699,460

  • 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.

    Expenses $8,883,522 · Grants $610,064 · Revenue $5,277,069

As filed on the 2022 return.

Listed in Part VII

  • Curt Bailey

    PRESIDENT & CEO

    Total calculated
    $847,111
    From this org
    $809,099
    From related orgs
    $0
    Other
    $38,012
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $648,307
    Bonus
    $152,366
    Other
    $8,426
    Deferred
    $12,200
    Nontaxable benefits
    $25,812
    Filer's total
    $847,111

  • Jose Lopez MD

    CHIEF SCIENTIFIC OFFICER

    Total calculated
    $429,277
    From this org
    $392,961
    From related orgs
    $0
    Other
    $36,316
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $372,230
    Bonus
    $19,143
    Other
    $1,588
    Deferred
    $27,450
    Nontaxable benefits
    $8,866
    Filer's total
    $429,277

  • Theresa Nester MD

    CO-CHIEF MEDICAL OFFICER MED SVCS

    Total calculated
    $398,679
    From this org
    $364,580
    From related orgs
    $0
    Other
    $34,099
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $316,839
    Bonus
    $47,261
    Other
    $480
    Deferred
    $27,450
    Nontaxable benefits
    $6,649
    Filer's total
    $398,679

  • Kirsten Alcorn MD

    CO-CHIEF MEDICAL OFFICER MED SVCS

    Total calculated
    $383,770
    From this org
    $357,180
    From related orgs
    $0
    Other
    $26,590
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $312,624
    Bonus
    $44,281
    Other
    $275
    Deferred
    $18,300
    Nontaxable benefits
    $8,290
    Filer's total
    $383,770

  • Robert Gleason

    TREASURER & CFO

    Total calculated
    $358,597
    From this org
    $307,293
    From related orgs
    $0
    Other
    $51,304
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $290,149
    Bonus
    $16,364
    Other
    $780
    Deferred
    $27,450
    Nontaxable benefits
    $23,854
    Filer's total
    $358,597

  • David Lin MD

    EXECUTIVE DIRECTOR

    Total calculated
    $345,963
    From this org
    $327,663
    From related orgs
    $0
    Other
    $18,300
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $303,225
    Bonus
    $23,958
    Other
    $480
    Deferred
    $18,300
    Nontaxable benefits
    $0
    Filer's total
    $345,963

  • Vicki Finson

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $321,292
    From this org
    $291,808
    From related orgs
    $0
    Other
    $29,484
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $243,303
    Bonus
    $47,725
    Other
    $780
    Deferred
    $11,844
    Nontaxable benefits
    $17,640
    Filer's total
    $321,292

  • Idoia Gimferrer

    ASHI MEDICAL DIRECTOR

    Total calculated
    $313,126
    From this org
    $270,783
    From related orgs
    $0
    Other
    $42,343
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $270,276
    Bonus
    $0
    Other
    $507
    Deferred
    $17,047
    Nontaxable benefits
    $25,296
    Filer's total
    $313,126

  • Mortiz Stolla

    MEMBER, ASSISTANT

    Total calculated
    $299,949
    From this org
    $274,402
    From related orgs
    $0
    Other
    $25,547
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $273,922
    Bonus
    $0
    Other
    $480
    Deferred
    $16,681
    Nontaxable benefits
    $8,866
    Filer's total
    $299,949

  • Mark Destree

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $294,221
    From this org
    $252,211
    From related orgs
    $0
    Other
    $42,010
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $218,165
    Bonus
    $34,046
    Other
    $0
    Deferred
    $24,029
    Nontaxable benefits
    $17,981
    Filer's total
    $294,221

  • Sue Nixon

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $289,478
    From this org
    $264,275
    From related orgs
    $0
    Other
    $25,203
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $250,215
    Bonus
    $13,280
    Other
    $780
    Deferred
    $15,867
    Nontaxable benefits
    $9,336
    Filer's total
    $289,478

  • Aaron Posey

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $286,894
    From this org
    $265,042
    From related orgs
    $0
    Other
    $21,852
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $237,785
    Bonus
    $26,777
    Other
    $480
    Deferred
    $12,986
    Nontaxable benefits
    $8,866
    Filer's total
    $286,894

  • Christine Donatelli

    CHIEF QUALITY & COMPLIANCE OFFICER

    Total calculated
    $286,137
    From this org
    $252,185
    From related orgs
    $0
    Other
    $33,952
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $237,607
    Bonus
    $13,798
    Other
    $780
    Deferred
    $15,971
    Nontaxable benefits
    $17,981
    Filer's total
    $286,137

  • Vitaliana Conforti

    GENERAL COUNSEL

    Total calculated
    $282,788
    From this org
    $263,396
    From related orgs
    $0
    Other
    $19,392
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $250,206
    Bonus
    $12,410
    Other
    $780
    Deferred
    $10,526
    Nontaxable benefits
    $8,866
    Filer's total
    $282,788

  • Maxine Sellers

    SECRETARY

    Total calculated
    $106,666
    From this org
    $91,748
    From related orgs
    $0
    Other
    $14,918
    Hours/week
    40

  • Gene Farrell MBA

    BOARD TRUSTEE

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Christine Henningsgaard

    BOARD TRUSTEE

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Molly Firth

    BOARD CHAIR

    Total calculated
    $4,000
    From this org
    $4,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Trevor Gooby

    BOARD TRUSTEE

    Total calculated
    $4,000
    From this org
    $4,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Kirsten Aranda Schwab MBA

    BOARD TRUSTEE

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Sean W Sigmon

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Miho Dougherty MD MPH

    BOARD TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Joyce Jackson

    BOARD TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
THE BOARD DETERMINES ACHIEVEMENT AND APPROPRIATE PAYMENT FOR BONUSES DUE THE CEO, AS SPECIFIED IN HIS CONTRACT. ALL OTHER EMPLOYEE BONUSES, WHERE APPLICABLE, ARE STRUCTURED AND PAID BASED ON MANAGEMENT DETERMINATION OF ELIGIBILITY AND ACHIEVEMENT OF STATED GOALS. THE BOARD OF TRUSTEES COMPENSATION AND TALENT COMMITTEE PROVIDES OVERSIGHT AND GUIDANCE TO THE CEO IN HIS ADMINISTRATION OF EXECUTIVE TEAM INCENTIVE BONUSES. HUMAN RESOURCES REVIEWS AND MAINTAINS EMPLOYMENT AGREEMENTS (CEO) AND OFFER LETTERS (AT-WILL EMPLOYEES - ALL EXCEPT THE CEO).

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

  • UNIVERSITY OF WASHINGTON

    $59,053

    MOLECULAR AND TRANSLATIONAL STUDIES IN HEMATOLOGIC DISORDERS

  • UNIVERSITY OF WASHINGTON

    $32,662

    COMPREHENSIVE CHARACTERIZATION OF MISSENSE MUTANTS IN FACTOR IX

  • SWEDISH MEDICAL CENTER

    $32,614

    COLD-STORED PLATELETS TO TREAT BLEEDING IN CARDIAC SURGERY PATIENTS

  • BAYLOR COLLEGE OF MEDICINE

    $29,989

    WILLIBRAND FACTOR IN TRAUMATIC BRAIN INJURY

  • UNIVERSITY OF WISCONSIN-MADISON

    $10,755

    COMPREHENSIVE CHARACTERIZATION OF MISSENSE MUTANTS IN FACTOR IX

  • WA INSTITUTE FOR COAGULATION

    $7,800

    VON WILLIBRAND FACOTR IN PREGNANCY (VIP) STUDY

  • UNIVERSITY OF UTAH

    $5,200

    VON WILLEBRAND FACTOR IN PREGNANCY (VIP) STUDY

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.

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.

  • CHARITABLE REMAINDER TRUST (1)

    CHARITABLE TRUST · WA

Provenance

Return type
form_990
Tax year
2022
Filed
2 May 2024
IRS schema version
2022v5.0
Source object
202401249349301645

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