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Nonprofiteer
← GULF COAST REGIONAL BLOOD CENTER

Form 990 for tax year 2024

Filed by GULF COAST REGIONAL BLOOD CENTER.

Totals

Total revenue
$132,655,313
Total expenses
$124,342,216
Contributions and grants received
$526,131
Grants paid
$114,432
Program service revenue
$127,846,157
Investment income
$3,586,583
Other revenue
$696,442
Total assets, end of year
$185,978,097
Total liabilities, end of year
$19,692,988
Net assets or fund balances, end of year
$166,285,109
Program services expenses (Part IX)
$114,884,911
Management and general expenses
$9,457,305
Fundraising expenses
$0
Program service expenses (Part III)
$114,884,911

Program services were 92.4% 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.

  • 1f · All other contributions, gifts and grants

    $526,131

  • 1g · Noncash contributions included above

    $396,464

  • 2a · Program service revenue: BLOOD COMPONENT FEES

    total $107,560,977 · related or exempt $107,560,977

  • 2b · Program service revenue: LABORATORY SERVICES

    total $17,620,919 · related or exempt $17,620,919

  • 2c · Program service revenue: CELLULAR THERAPIES FEE

    total $2,664,261 · related or exempt $2,664,261

  • 3 · Investment income

    total $3,700,700 · excluded $3,700,700

  • 7a · Gross sales of assets other than inventory

    securities $4,587,121 · other assets $67,549

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

    securities $4,587,121 · other assets $181,666

  • 7c · Gain or loss

    securities $0 · other assets -$114,117

  • 7d · Net gain or loss

    total -$114,117 · excluded -$114,117

  • 11a · Other revenue: PURCHASE REBATES

    total $326,137 · excluded $326,137

  • 11b · Other revenue: 403B VESTED REFUND

    total $206,882 · excluded $206,882

  • 11c · Other revenue: TI REIMBURSEMENT

    total $148,050 · excluded $148,050

  • 11d · All other revenue

    total $15,373 · excluded $15,373

  • 11e · Other revenue, total

    $696,442

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $22,000 · program services $22,000

  • 2 · Grants to domestic individuals

    total $92,432 · program services $92,432

  • 5 · Compensation of officers, directors and key employees

    total $3,364,116 · program services $1,443,310 · management and general $1,920,806

  • 7 · Other salaries and wages

    total $49,753,870 · program services $46,089,166 · management and general $3,664,704

  • 8 · Pension plan contributions

    total $2,678,313 · program services $2,473,597 · management and general $204,716

  • 9 · Other employee benefits

    total $5,884,736 · program services $5,576,131 · management and general $308,605

  • 10 · Payroll taxes

    total $3,766,767 · program services $3,424,466 · management and general $342,301

  • 11b · Fees: legal

    total $230,214 · program services $300 · management and general $229,914

  • 11c · Fees: accounting

    total $94,320 · management and general $94,320

  • 11g · Fees: other

    total $93,118 · program services $57,827 · management and general $35,291

  • 12 · Advertising and promotion

    total $5,604,189 · program services $5,587,551 · management and general $16,638

  • 13 · Office expenses

    total $2,003,467 · program services $1,183,464 · management and general $820,003

  • 14 · Information technology

    total $2,462,854 · program services $2,112,408 · management and general $350,446

  • 16 · Occupancy

    total $2,907,571 · program services $2,484,078 · management and general $423,493

  • 17 · Travel

    total $927,975 · program services $908,782 · management and general $19,193

  • 19 · Conferences, conventions and meetings

    total $449,963 · program services $271,906 · management and general $178,057

  • 20 · Interest

    total $25,157 · program services $21,465 · management and general $3,692

  • 22 · Depreciation, depletion and amortization

    total $4,748,482 · program services $4,463,973 · management and general $284,509

  • 23 · Insurance

    total $2,660,325 · program services $2,562,730 · management and general $97,595

  • 24a · Other expenses: COLLECTION & LAB SUPPLY

    total $16,773,676 · program services $16,761,928 · management and general $11,748

  • 24b · Other expenses: REAGENTS

    total $10,808,335 · program services $10,808,335

  • 24c · Other expenses: BLOOD COMPONENT IMPORTS

    total $4,612,000 · program services $4,612,000

  • 24d · Other expenses: REPAIRS AND MAINTENANCE

    total $3,078,045 · program services $2,996,446 · management and general $81,599

  • 24e · All other expenses

    total $1,300,291 · program services $930,616 · management and general $369,675

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,769,464 · end of year $12,343,545

  • 2 · Savings and temporary cash investments

    beginning of year $12,734,494 · end of year $13,406,761

  • 4 · Accounts receivable

    beginning of year $17,735,742 · end of year $13,976,281

  • 8 · Inventories for sale or use

    beginning of year $6,691,339 · end of year $6,709,715

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,357,561 · end of year $2,212,572

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

    $99,497,503

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

    $60,773,868

  • 10c · Land, buildings and equipment, net

    beginning of year $34,520,926 · end of year $38,723,635

  • 11 · Investments: publicly traded securities

    beginning of year $80,256,728 · end of year $91,762,201

  • 15 · Other assets

    beginning of year $6,011,931 · end of year $6,843,387

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,501,073 · end of year $14,323,468

  • 19 · Deferred revenue

    beginning of year $241,964 · end of year $436,821

  • 25 · Other liabilities

    beginning of year $4,230,450 · end of year $4,932,699

  • 27 · Net assets without donor restrictions

    beginning of year $152,099,653 · end of year $166,275,876

  • 28 · Net assets with donor restrictions

    beginning of year $5,045 · end of year $9,233

Mission and programs · 2024

Mission

TO MAINTAIN AND SUPPORT A REGIONAL BLOOD SUPPLY TO SERVICE PRIMARILY THE NEEDS OF PATIENTS AND DONORS IN THE AREAS WE SERVE.

Activities or mission (Part I)

SEE SCHEDULE O. TO MAINTAIN AND SUPPORT A REGIONAL BLOOD SUPPLY TO SERVICE PRIMARILY THE NEEDS OF PATIENTS AND DONORS IN THE AREAS WE SERVE.

  • TRANSFUSION SERVICES - GULF COAST REGIONAL BLOOD CENTER ("THE BLOOD CENTER OR "GCB") COLLECTED OVER 323,000 UNITS OF BLOOD AND BLOOD COMPONENTS FROM VOLUNTARY DONORS. WE SHIPPED MORE THAN 358,000 UNITS TO AREA HOSPITALS AND SURGICAL CENTERS. IN 2024, GULF COAST REGIONAL BLOOD CENTER RECEIVED $435,150 OF IN-KIND CONTRIBUTIONS IN SUPPORT OF ITS PROGRAMS. THIS SUPPORT IS IN ADDITION TO THE $107,560,977 OF REVENUE SHOWN ABOVE.

    Expenses $96,656,275 · Grants $114,432 · Revenue $107,560,977

  • THE BLOOD CENTER PERFORMS 14 DIFFERENT TESTS ON EVERY UNIT OF BLOOD COLLECTED. OUR CONSULTATION AND REFERENCE LABORATORY SERVE AS A COMPATIBILITY TESTING SERVICE AND PROVIDES SUITABLE, SAFE AND EFFECTIVE BLOOD AND BLOOD COMPONENTS FOR TRANSFUSION TO PATIENTS IN OVER 100 FACILITIES. THE LABORATORY ALSO FUNCTIONS AS A REFERENCE LABORATORY FOR CLIENTS AND AREA HOSPITALS PERFORMING AND EVALUATING A WIDE VARIETY OF TESTS TO RESOLVE COMPLEX SEROLOGICAL PATIENT PROBLEMS. CONSULTATION AND REFERENCE ALSO REGISTERS RARE DONORS WITH THE AMERICAN RARE DONOR PROGRAM (ARDP) AND PROVIDES AND RECEIVES RARE UNITS THROUGH ARDP.

    Expenses $15,834,482 · Revenue $17,620,919

  • CELLULAR THERAPY SERVICES - THE BLOOD CENTER PERFORMS SPECIALIZED CELLULAR COLLECTIONS BY APHERESIS FOR PATIENTS WITH SPECIFIC TYPES OF CANCERS, INFECTIOUS DISEASES, AND AUTOIMMUNE DISORDERS. THE COLLECTED PRODUCTS ARE FURTHER MODIFIED BY BIOMEDICAL COMPANIES FOR REINFUSION TO THE PATIENTS AS A MEANS OF DISEASE TREATMENT OR DEVELOPMENT OF NOVEL THERAPEUTICS AND ADVANCED TREATMENT REGIMENS.

    Expenses $2,394,154 · Revenue $2,664,261

As filed on the 2024 return.

Listed in Part VII

  • ELIZABETH A HARTWELL

    CMO

    Total calculated
    $529,596
    From this org
    $493,039
    From related orgs
    $0
    Other
    $36,557
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $451,712
    Bonus
    $29,382
    Other
    $11,945
    Deferred
    $31,050
    Nontaxable benefits
    $5,507
    Filer's total
    $529,596

  • NIKHIL NAYAK

    PRESIDENT/CEO

    Total calculated
    $627,948
    From this org
    $597,816
    From related orgs
    $0
    Other
    $30,132
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $479,681
    Bonus
    $0
    Other
    $118,135
    Deferred
    $30,000
    Nontaxable benefits
    $132
    Filer's total
    $627,948

  • BRIAN G GANNON

    PRESIDENT/CEO - JAN 2024

    Total calculated
    $148,477
    From this org
    $144,424
    From related orgs
    $0
    Other
    $4,053
    Hours/week
    2

  • KHUSH NARIMAN

    TRUSTEE - MARCH TO DEC 2024

    Total calculated
    $0
    Hours/week
    1

  • FELICITY MACK MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • R PATRICK WOOD MD

    TRUSTEE - JAN TO NOV 2024

    Total calculated
    $0
    Hours/week
    1

  • CHAD WILSON MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RICK TOWNSEND

    TRUSTEE - JAN TO MARCH 2024

    Total calculated
    $0
    Hours/week
    1

  • AMY L NELSON JD CTFA

    TRUSTEE - JAN TO JULY 2024

    Total calculated
    $0
    Hours/week
    1

  • SEAN MURPHY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • HATTIE E HENDERSON MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BRYAN COTTON MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BRAD BUSLER

    SECRETARY - MARCH TO DEC 2024

    Total calculated
    $0
    Hours/week
    1

  • JEANNA BAMBURG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • EVAN G PIVALIZZA MD

    SECRETARY - JAN TO MARCH 2024

    Total calculated
    $0
    Hours/week
    1

  • RANDY PRYOR

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • HENRY NOEY

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • GREG BERNICA

    TRUSTEE - MARCH TO DEC 2024

    Total calculated
    $0
    Hours/week
    1

  • ELIZABETH TORRES MD

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • MARC D LEWIS

    VP-OPERATIONS

    Total calculated
    $366,124
    From this org
    $315,132
    From related orgs
    $0
    Other
    $50,992
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $290,163
    Bonus
    $23,032
    Other
    $1,937
    Deferred
    $26,601
    Nontaxable benefits
    $24,391
    Filer's total
    $366,124

  • THERESA L PINA

    VP-OPERATIONS

    Total calculated
    $358,225
    From this org
    $321,289
    From related orgs
    $0
    Other
    $36,936
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $297,067
    Bonus
    $23,032
    Other
    $1,190
    Deferred
    $26,601
    Nontaxable benefits
    $10,335
    Filer's total
    $358,225

  • ERIC EATON

    CFO

    Total calculated
    $420,032
    From this org
    $377,985
    From related orgs
    $0
    Other
    $42,047
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $349,084
    Bonus
    $25,547
    Other
    $3,354
    Deferred
    $31,712
    Nontaxable benefits
    $10,335
    Filer's total
    $420,032

  • MICHELE D WALKER

    DIR. DC ADMIN

    Total calculated
    $165,189
    From this org
    $157,937
    From related orgs
    $0
    Other
    $7,252
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $151,485
    Bonus
    $5,274
    Other
    $1,178
    Deferred
    $0
    Nontaxable benefits
    $7,252
    Filer's total
    $165,189

  • JAMIE R NOBLES

    DIR. FACILITIES ADMIN

    Total calculated
    $181,924
    From this org
    $161,143
    From related orgs
    $0
    Other
    $20,781
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $155,401
    Bonus
    $5,168
    Other
    $574
    Deferred
    $13,521
    Nontaxable benefits
    $7,260
    Filer's total
    $181,924

  • CHERI J JENNINGS

    DIR. TECH SERVICES

    Total calculated
    $187,485
    From this org
    $167,513
    From related orgs
    $0
    Other
    $19,972
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $155,385
    Bonus
    $5,466
    Other
    $6,662
    Deferred
    $14,465
    Nontaxable benefits
    $5,507
    Filer's total
    $187,485

  • KEVIN P SHIPLEY

    ASSOCIATE VP, COMMUNITY ENG - 7/1/24

    Total calculated
    $199,966
    From this org
    $178,395
    From related orgs
    $0
    Other
    $21,571
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $172,179
    Bonus
    $5,630
    Other
    $586
    Deferred
    $14,318
    Nontaxable benefits
    $7,253
    Filer's total
    $199,966

  • RONDA PERGUSON

    DIR. HOSPITAL SERVICES

    Total calculated
    $179,150
    From this org
    $159,093
    From related orgs
    $0
    Other
    $20,057
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $150,720
    Bonus
    $5,087
    Other
    $3,286
    Deferred
    $12,938
    Nontaxable benefits
    $7,119
    Filer's total
    $179,150

  • JULIE BARBARY

    DIR. BUSINESS OPS

    Total calculated
    $187,180
    From this org
    $177,018
    From related orgs
    $0
    Other
    $10,162
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $169,864
    Bonus
    $5,885
    Other
    $1,269
    Deferred
    $10,162
    Nontaxable benefits
    $0
    Filer's total
    $187,180

  • SHARON L GARCIA

    ASSOCATE VP, QUALITY SVC - 7/1/24

    Total calculated
    $200,486
    From this org
    $177,641
    From related orgs
    $0
    Other
    $22,845
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $169,525
    Bonus
    $5,638
    Other
    $2,478
    Deferred
    $15,587
    Nontaxable benefits
    $7,258
    Filer's total
    $200,486

  • CONNIE FOLAND

    DIR. HR/RISK MGMT/E&T

    Total calculated
    $222,184
    From this org
    $198,280
    From related orgs
    $0
    Other
    $23,904
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $184,030
    Bonus
    $6,431
    Other
    $7,819
    Deferred
    $16,777
    Nontaxable benefits
    $7,127
    Filer's total
    $222,184

  • BARTON R BLOCK

    ASSOCIATE VP MIS

    Total calculated
    $238,685
    From this org
    $219,461
    From related orgs
    $0
    Other
    $19,224
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $210,551
    Bonus
    $7,277
    Other
    $1,633
    Deferred
    $19,224
    Nontaxable benefits
    $0
    Filer's total
    $238,685

  • DANIEL A WELDER

    MEDICAL DIRECTOR

    Total calculated
    $259,388
    From this org
    $252,164
    From related orgs
    $0
    Other
    $7,224
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $247,337
    Bonus
    $4,125
    Other
    $702
    Deferred
    $0
    Nontaxable benefits
    $7,224
    Filer's total
    $259,388

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 · Tax indemnification and gross-up payments
  • 1b · Written policy on the line-1a expenses
  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 6a · Pay contingent on this organization's net earnings

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
GROSS UP PAYMENTS ARE PROVIDED ON RELOCATION FOR THE CEO.
PART I, LINE 3
ALL EXECUTIVE COMPENSATION IS REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE AND THE BOARD. COMPENSATION AMOUNTS ARE DETERMINED BASED ON INDEPENDENT SURVEYS AND COMPARABLE DATA TO ORGANIZATIONS OUR SIZE FOR NON-PROFITS, OTHER BLOOD CENTERS, AND GENERAL INDUSTRY. THIS PROCESS WAS LAST UNDERTAKEN IN DECEMBER 2024. ALL OTHER MANAGEMENT POSITIONS' (DIRECTORS) COMPENSATION ARE BASED ON COMPENSATION REVIEWS PERFORMED BY OUR HUMAN RESOURCES DEPARTMENT. THE HR DEPARTMENT OBTAINS INDEPENDENT SURVEYS FOR THESE POSITIONS AND OTHER COMPARABLE DATA TO DETERMINE THEIR RECOMMENDATION OF THE COMPENSATION. ALL SALARY RECOMMENDATIONS ARE REVIEWED AND APPROVED BY THE EXECUTIVES. THIS PROCESS WAS LAST UNDERTAKEN IN DECEMBER 2024.
PART I, LINE 4B
THE CEO PARTICIPATES IN AN EXECUTIVE DEFERRED COMPENSATION (457F) NONVESTED PLAN. NONQUALIFIED CONTRIBUTIONS TO THE PLAN FOR THE CEO NIKHIL NAYAK FOR 2024 WAS $30,000.
PART I, LINE 6
ALL EMPLOYEES PARTICIPATE IN A BONUS PLAN THAT IS DEPENDENT ON ACHIEVING COMPANY-WIDE GOALS. ONE GOAL IS TIED TO NET REVENUES OVER EXPENSES. PAYOUT PERCENTAGES FOR EXECUTIVES ARE SET BY THE COMPENSATION COMMITTEE AND ARE APPROVED BY THE COMPENSATION COMMITTEE AND BOARD PRIOR TO PAYMENT FOR ALL EXECUTIVES.

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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202503189349313365

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