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Nonprofiteer
← VERSITI BLOOD RESEARCH INSTITUTE FOUNDATION INC

Form 990 for tax year 2024

Filed by VERSITI BLOOD RESEARCH INSTITUTE FOUNDATION INC.

Totals

Total revenue
$17,317,531
Total expenses
$12,431,033
Contributions and grants received
$7,583,828
Grants paid
$10,774,042
Program service revenue
$0
Investment income
$9,242,860
Other revenue
$490,843
Total assets, end of year
$142,624,739
Total liabilities, end of year
$808,137
Net assets or fund balances, end of year
$141,816,602
Program services expenses (Part IX)
$10,774,042
Management and general expenses
$676,145
Fundraising expenses
$980,846
Program service expenses (Part III)
$10,774,042

Program services were 86.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • CHRIS MISKEL

    PRESIDENT & CEO

    Total calculated
    $1,680,265
    From this org
    $0
    From related orgs
    $1,622,596
    Other
    $57,669
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $797,098 related
    Bonus
    $0 + $800,704 related
    Other
    $0 + $24,794 related
    Deferred
    $0 + $24,151 related
    Nontaxable benefits
    $0 + $33,518 related
    Filer's total
    $0 + $1,680,265 related

  • JULIA SYBURG

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DIXON BENZ II

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ANDY ANDERSON MD

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • GUY CRANE

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • SAM BRADT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LOUISE CROWLEY

    BOARD MEMBER - THRU 10/24

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM CROWLEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JASON DVORAK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • FRED GEILFUSS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • EMERY HARLAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KATHY KLEIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROBERT H MANEGOLD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • ABHISHEK PULAKANTI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOHN R RAYMOND SR MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOHAN SEGERDAHL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SUZY STEMPER

    BOARD MEMBER - THRU 8/24

    Total calculated
    $0
    Hours/week
    1

  • BART REUTER

    EVP & GENERAL COUNSEL

    Total calculated
    $927,646
    From this org
    $0
    From related orgs
    $861,600
    Other
    $66,046
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $430,545 related
    Bonus
    $0 + $405,410 related
    Other
    $0 + $25,645 related
    Deferred
    $0 + $24,151 related
    Nontaxable benefits
    $0 + $41,895 related
    Filer's total
    $0 + $927,646 related

  • ANTHONY WATKINS

    EVP&CFO-THRU 3/24;BUS DEV-AS OF 3/24

    Total calculated
    $778,587
    From this org
    $0
    From related orgs
    $748,711
    Other
    $29,876
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $327,282 related
    Bonus
    $0 + $354,500 related
    Other
    $0 + $66,929 related
    Deferred
    $0 + $24,151 related
    Nontaxable benefits
    $0 + $5,725 related
    Filer's total
    $0 + $778,587 related

  • MICHAEL DEININGER MD

    EVP & CHIEF SCIENTIFIC OFFICER

    Total calculated
    $709,841
    From this org
    $33,530
    From related orgs
    $637,080
    Other
    $39,231
    Hours/week
    3 + 52 related

    Schedule J breakdown matched by us

    Base
    $26,178 + $497,386 related
    Bonus
    $5,905 + $112,195 related
    Other
    $1,447 + $27,499 related
    Deferred
    $794 + $15,090 related
    Nontaxable benefits
    $1,167 + $22,180 related
    Filer's total
    $35,491 + $674,350 related

  • BARBARA BRYANT

    EVP & CHIEF MED. OFF. - THRU 8/24

    Total calculated
    $473,670
    From this org
    $0
    From related orgs
    $447,822
    Other
    $25,848
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $328,620 related
    Bonus
    $0 + $101,700 related
    Other
    $0 + $17,502 related
    Deferred
    $0 + $23,946 related
    Nontaxable benefits
    $0 + $1,902 related
    Filer's total
    $0 + $473,670 related

  • KELLEY MCCASKILL

    VP OF PHILANTHROPY

    Total calculated
    $219,271
    From this org
    $182,039
    From related orgs
    $0
    Other
    $37,232
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $169,752
    Bonus
    $11,100
    Other
    $1,187
    Deferred
    $12,429
    Nontaxable benefits
    $24,803
    Filer's total
    $219,271

  • MATTHEW ANDERSON MD

    EVP & CHIEF MED. OFF. - AS OF 7/24

    Total calculated
    $537,718
    From this org
    $0
    From related orgs
    $471,868
    Other
    $65,850
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $403,926 related
    Bonus
    $0 + $65,100 related
    Other
    $0 + $2,842 related
    Deferred
    $0 + $24,150 related
    Nontaxable benefits
    $0 + $41,700 related
    Filer's total
    $0 + $537,718 related

  • DEREK TYUS

    EVP & CHIEF FINANCIAL OFF. - AS 3/24

    Total calculated
    $500,657
    From this org
    $0
    From related orgs
    $452,304
    Other
    $48,353
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $329,247 related
    Bonus
    $0 + $120,000 related
    Other
    $0 + $3,057 related
    Deferred
    $0 + $23,693 related
    Nontaxable benefits
    $0 + $24,660 related
    Filer's total
    $0 + $500,657 related

  • JOHN MABRY

    DIRECTOR TECH TRANSFER

    Total calculated
    $254,414
    From this org
    $199,236
    From related orgs
    $0
    Other
    $55,178
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $176,651
    Bonus
    $21,371
    Other
    $1,214
    Deferred
    $13,229
    Nontaxable benefits
    $41,949
    Filer's total
    $254,414

  • ALBERTO G HUERTA

    DIRECTOR FDN DEVELOPMENT

    Total calculated
    $125,364
    From this org
    $110,578
    From related orgs
    $0
    Other
    $14,786
    Hours/week
    55

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

  • 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
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
TOP MANAGEMENT'S COMPENSATION VBRIF DOES NOT DIRECTLY COMPENSATE ITS EMPLOYEES OR OFFICERS; INSTEAD VBRIF RELIES ON ITS RELATED ENTITIES, VERSITI WISCONSIN, INC. AND VERSITI, INC., TO FACILITATE COMPENSATION OF VBRIF EMPLOYEES AND OFFICERS. VERSITI AND ITS AFFILIATED BLOOD CENTERS GREATLY VALUE THE GENEROUS CONTRIBUTIONS OF THE INDIVIDUALS AND ORGANIZATIONS THAT SUPPORT OUR MISSION WITHIN THE COMMUNITY WE SERVE. IN ORDER TO ENSURE PROPER STEWARDSHIP OF OUR CHARITABLE RESOURCES, VERSITI AND ITS AFFILIATES FOLLOW A FORMALIZED PROCESS TO CONFIRM THAT COMPENSATION PROVIDED TO OUR EXECUTIVE LEADERSHIP TEAM IS FAIR, REASONABLE, AND NOT EXCESSIVE WHEN COMPARED TO OTHER EXECUTIVES. THIS PROCESS ALSO HELPS US ENSURE THAT OUR COMPENSATION PROGRAM SUPPORTS THE RETENTION OF EXPERIENCED HIGHLY-QUALIFIED EXECUTIVES WHO ARE COMMITTED TO OUR MISSION. THE EXECUTIVE COMMITTEE OF THE VERSITI BOARD OF DIRECTORS, ACTING IN ITS CAPACITY AS THE COMPENSATION COMMITTEE, SETS AND MONITORS THE COMPENSATION PHILOSOPHY FOR VERSITI AND THE RELATED ENTITIES THAT IT SUPPORTS, INCLUDING VBRIF. OTHER THAN THE VERSITI PRESIDENT AND CHIEF EXECUTIVE OFFICER, THE EXECUTIVE COMMITTEE DOES NOT INCLUDE MEMBERS OF MANAGEMENT. TO ENSURE THAT THE COMMITTEE IS COMPRISED OF INDIVIDUALS WHO DO NOT HAVE A CONFLICT OF INTEREST WITH RESPECT TO VERSITI COMPENSATION ARRANGEMENTS, THE VERSITI PRESIDENT AND CHIEF EXECUTIVE OFFICER RECUSES HER/HIMSELF FROM ALL DISCUSSIONS AND APPROVALS RELATED TO HER/HIS COMPENSATION. THE VERSITI EXECUTIVE COMMITTEE REVIEWS EXECUTIVE COMPENSATION ARRANGEMENTS TO ENSURE SUCH ARRANGEMENTS ARE FAIR, REASONABLE, AND NOT EXCESSIVE WHEN COMPARED TO SIMILARLY-SITUATED EXECUTIVES. EXECUTIVE COMPENSATION ARRANGEMENTS ARE REVIEWED FOR REASONABLENESS AND APPROVED BY THE EXECUTIVE COMMITTEE ANNUALLY IN ACCORDANCE WITH THE VERSITI REASONABLENESS REVIEW POLICY. IN ORDER TO ASSESS THE REASONABLENESS OF EXECUTIVE COMPENSATION ARRANGEMENTS, THE EXECUTIVE COMMITTEE OBTAINS AND REVIEWS APPROPRIATE COMPARABILITY DATA COLLECTED BY THE HUMAN RESOURCE DEPARTMENT AND/OR A QUALIFIED INDEPENDENT COMPENSATION CONSULTANT. THE EXECUTIVE COMMITTEE ENGAGES A QUALIFIED INDEPENDENT COMPENSATION CONSULTANT ANNUALLY. THE INDEPENDENT CONSULTANT PERFORMS AN ANALYSIS OF COMPENSATION LEVELS AT REGIONAL AND NATIONAL ORGANIZATIONS OF COMPARABLE SIZE, SCOPE AND STRUCTURE; AND PROVIDES THE COMMITTEE WITH COMPREHENSIVE DATA ON THE AVAILABILITY OF SIMILAR SERVICES WITHIN THE GEOGRAPHIC AREA, COMPENSATION SURVEYS, WRITTEN OFFERS FROM SIMILAR INSTITUTIONS, AND OTHER INFORMATION RELEVANT TO COMPARABILITY OF COMPENSATION. THE EXECUTIVE COMMITTEE'S REVIEW, RECOMMENDATIONS AND APPROVALS ARE DOCUMENTED CONCURRENTLY IN THE COMMITTEE MINUTES, WHICH ARE SUBSEQUENTLY REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE AS REASONABLE, ACCURATE AND COMPLETE. THE COMMITTEE CHAIR VERBALLY COMMUNICATES TO THE VERSITI BOARD OF DIRECTORS A CONFIRMATION OF COMPENSATION REASONABLENESS AND TEH OVERALL DUE DILIGENCE PROCESS. VERSITI AND VERSITI WISCONSIN HAVE INCENTIVE PROGRAMS FOR EXECUTIVES, DIRECTORS, MANAGEMENT, INVESTIGATORS AND STAFF DESCRIBED IN DETAILED WRITTEN POLICIES APPROVED BY THE EXECUTIVE COMMITTEE ANNUALLY. EVALUATION AND COMPENSATION REVIEW -CEO - EACH YEAR, THE EXECUTIVE COMMITTEE EVALUATES THE CEO'S PERFORMANCE AGAINST ESTABLISHED OBJECTIVES, DETERMINES INCENTIVE PAYMENT AND MERIT INCREASE BASED UPON PERFORMANCE AND MARKET DATA PROVIDED BY THE THIRD PARTY COMPENSATION CONSULTANT, AND WORKS WITH THE CEO TO ESTABLISH OBJECTIVES FOR THE NEXT YEAR. -EXECUTIVES - THE BOARD OF DIRECTORS HAS DELAGATED TO THE VERSITI/VERSITI WISCONSIN CEO THE PERFORMANCE ASSESSMENT AND COMPENSATION DECISIONS FOR HIS/HER TEAM AND LEADERS ELIGIBLE FOR THE VERSITI LEADERSHIP INCENTIVE PLAN. DURING THE MAY MEETING, THE EXECUTIVE COMMITTEE REVIEWS THE INCENTIVES (SHORT AND LONG-TERM) PAYOUTS AND MERIT INCREASES ASSIGNED TO THE EXECUTIVE TEAM AS PART OF THE ANNUAL COMPENSATION REASONABILITY REVIEW CONDUCTED BY AON CONSULTANTS. THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES THE SALARY INCREASES AND INCENTIVE PAYOUTS OF THE CEO BEFORE PAYMENT. EXECUTIVES ARE POSITIONED WITHIN THE APPROPRIATE SALARY RANGE BASED UPON THE: -EXECUTIVE'S KNOWLEDGE, COMPETENCIES, AND EXPERIENCE, -PERFORMANCE OF THE EXECUTIVE'S AREAS OF RESPONSIBILITY, -THE EXECUTIVE'S CONTRIBUTION TO OVERALL PERFORMANCE -THE IMPORTANCE OF RETAINING THE EXECUTIVE, -INTERNAL EQUITY CONSIDERATIONS, -THE FINANCIAL RESOURCES AVAILABLE, AND -EXECUTIVE BASE SALARY INCREASES PROVIDED IN THE COMPETITIVE MARKET
PART I, LINES 5A, 5B, 6A, 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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
11 November 2025
IRS schema version
2024v5.2
Source object
202533159349304563

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