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← VITALANT FOUNDATION

Form 990 for tax year 2022

Filed by VITALANT FOUNDATION.

Totals

Total revenue
$2,829,576
Total expenses
$5,669,368
Contributions and grants received
$1,377,844
Grants paid
$3,474,822
Program service revenue
$0
Investment income
$1,451,732
Other revenue
$0
Total assets, end of year
$45,366,321
Total liabilities, end of year
$915,312
Net assets or fund balances, end of year
$44,451,009
Program services expenses (Part IX)
$3,474,822
Management and general expenses
$1,657,848
Fundraising expenses
$536,698
Program service expenses (Part III)
$3,474,822

Program services were 61.3% 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.

  • 1c · Fundraising events

    $24,526

  • 1f · All other contributions, gifts and grants

    $1,353,318

  • 1g · Noncash contributions included above

    $744,500

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $873,782 · related or exempt $0 · unrelated business $0 · excluded $873,782

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $4,947,137

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

    securities $4,369,187

  • 7c · Gain or loss

    securities $577,950 · other assets $0

  • 7d · Net gain or loss

    total $577,950 · related or exempt $0 · unrelated business $0 · excluded $577,950

  • 8a · Fundraising events: gross income

    $46,504

  • 8a · Fundraising events: contributions included on line 1c

    $24,526

  • 8b · Fundraising events: direct expenses

    $46,504

  • 8c · Net income from fundraising events

    total $0 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,474,822 · program services $3,474,822

  • 11a · Fees: management

    total $899,656 · program services $0 · management and general $572,184 · fundraising $327,472

  • 11b · Fees: legal

    total $794 · program services $0 · management and general $794 · fundraising $0

  • 11c · Fees: accounting

    total $47,501 · program services $0 · management and general $47,501 · fundraising $0

  • 11f · Fees: investment management

    total $101,044 · program services $0 · management and general $101,044 · fundraising $0

  • 11g · Fees: other

    total $237,798 · program services $0 · management and general $63,284 · fundraising $174,514

  • 12 · Advertising and promotion

    total $32,423 · program services $0 · management and general $29,423 · fundraising $3,000

  • 13 · Office expenses

    total $8,934 · program services $0 · management and general $6,855 · fundraising $2,079

  • 14 · Information technology

    total $23,780 · program services $0 · management and general $7,299 · fundraising $16,481

  • 17 · Travel

    total $21,339 · program services $0 · management and general $13,738 · fundraising $7,601

  • 23 · Insurance

    total $3,967 · program services $0 · management and general $3,967 · fundraising $0

  • 24a · Other expenses: Overhead Allocated by Parent

    total $781,089 · program services $0 · management and general $781,089 · fundraising $0

  • 24b · Other expenses: Miscellaneous

    total $36,221 · program services $0 · management and general $30,670 · fundraising $5,551

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $198,725 · end of year $753,951

  • 2 · Savings and temporary cash investments

    beginning of year $294,245 · end of year $295,540

  • 3 · Pledges and grants receivable

    beginning of year $200

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $440

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $39,576,727 · end of year $33,800,253

  • 12 · Investments: other securities

    beginning of year $14,663,563 · end of year $10,516,577

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $707,936 · end of year $402,627

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $512,685

  • 27 · Net assets without donor restrictions

    beginning of year $53,800,005 · end of year $48,060

  • 28 · Net assets with donor restrictions

    beginning of year $225,959 · end of year $44,402,949

Mission and programs · 2022

Mission

VITALANT FOUNDATIION SECURES AND STEWARDS CHARITABLE GIFTS TO SUPPORT VITALANT'S MISSION TO UNITE BLOOD AND BIOLOGICS DONORS, TALENT AND INNOVATION TO SAVE AND IMPROVE LIVES.

Activities or mission (Part I)

VITALANT FOUNDATION SECURES AND STEWARDS CHARITABLE GIFTS TO SUPPORT VITALANT'S MISSION TO UNITE BLOOD AND BIOLOGICS DONORS, TALENT AND INNOVATION TO SAVE AND IMPROVE LIVES.

  • VITALANT FOUNDATION (FORMERLY KNOWN AS BLOOD SCIENCE FOUNDATION) PROVIDES FUNDING TO VITALANT TO SUPPORT THE MISSION OF THE ORGANIZATION. THE FOUNDATION ALSO FUNDED A STUDY DURING THE PERIOD FOR $669,685.

    Expenses $3,474,822 · Grants $3,474,822

As filed on the 2022 return.

Listed in Part VII

  • Roger Oxendale

    DIRECTOR & CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Charles Bracken

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gayle Tissue

    DIRECTOR (THRU 10/22)

    Total calculated
    $0
    Hours/week
    1

  • Gordon Smith

    DIRECTOR (EFF 10/22)

    Total calculated
    $0
    Hours/week
    1

  • James Covert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James T Schraith

    DIRECTOR

    Total calculated
    $84,516
    From this org
    $0
    From related orgs
    $84,516
    Other
    $0
    Hours/week
    1 + 4 related

  • Judy Murtha

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kathy Humphrey PhD

    DIRECTOR (THRU 10/22)

    Total calculated
    $0
    Hours/week
    1

  • Nancy Angus

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Ostrowski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Russ York

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sunny Chico

    DIRECTOR

    Total calculated
    $44,125
    From this org
    $0
    From related orgs
    $44,125
    Other
    $0
    Hours/week
    1 + 2 related

  • Bhavi Shah

    SECRETARY & GENERAL COUNSEL (EFF 01/22)

    Total calculated
    $732,253
    From this org
    $0
    From related orgs
    $662,580
    Other
    $69,673
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $424,738 related
    Bonus
    $0 + $226,465 related
    Other
    $0 + $11,377 related
    Deferred
    $0 + $20,500 related
    Nontaxable benefits
    $0 + $49,173 related
    Filer's total
    $0 + $732,253 related

  • Mark Giaquinto

    PRESIDENT & TREASURER

    Total calculated
    $376,894
    From this org
    $0
    From related orgs
    $317,145
    Other
    $59,749
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $315,045 related
    Bonus
    $0
    Other
    $0 + $2,100 related
    Deferred
    $0 + $16,242 related
    Nontaxable benefits
    $0 + $43,507 related
    Filer's total
    $0 + $376,894 related

  • Maureen Musselman

    Chief Financial Officer

    Total calculated
    $647,034
    From this org
    $0
    From related orgs
    $598,658
    Other
    $48,376
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $389,732 related
    Bonus
    $0 + $196,524 related
    Other
    $0 + $12,402 related
    Deferred
    $0 + $27,000 related
    Nontaxable benefits
    $0 + $21,376 related
    Filer's total
    $0 + $647,034 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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
  • 6a · Pay contingent on this organization's net earnings
  • 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)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
ALL COMPENSATION IS DETERMINED AND PAID BY VITALANT, A RELATED TAX -EXEMPT ORGANIZATION.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
CERTAIN INDIVIDULAS PARTICIPATE IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN. NO PAYMENTS FROM THIS PLAN WERE MADE IN 2022. THIS PLAN WAS FROZEN AS OF DECEMBER 31, 2011. THE ORGANIZATION HAS A 457(F) WITH MARK GIAQUINTO AS A PARTICIPANT. THE FUND WAS FROZEN SINCE 2017 WHEN THE MERGER WITH ITXM OCCURRED. NO FUNDS WERE CONTRIBUTED DURING YEAR 2022. PARTICIPANTS BECOME VESTED IN THE PLAN ONCE THEY ARE EMPLOYED BY THE ORGANIZATION AS OF DECEMBER 31ST OF THE YEAR THEY TURN AGE 62.
Schedule J, Part I, Line 7
VITALANT HAS AN INCENTIVE PLAN FOR MANAGEMENT AND EXECUTIVES. AWARDS UNDER THE PROGRAM ARE AT THE DISCRETION OF THE BOARD OF TRUSTEES. THE PLAN MEASURES PERFORMANCE AGAINST MULTIPLE METRICS WHICH CARRY VARIOUS WEIGHTINGS, THE MOST HEAVILY WEIGHTED BEING QUALITY, SAFETY AND CUSTOMER SERVICE. TO ASSURE FINANCIAL STABILITY OF THE COMPANY, ONE OF THE METRICS IS ALSO A MEASUREMENT OF NET MARGIN, FINANCIAL PERFORMANCE AS A PERCENT OF REVENUES.

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.

  • VITALANT

    501(c)(3) · BLOOD BANK · AZ

    Directly controlled by NA

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.

  • CANYON STATE INSURANCE COMPANY

    C Corporation · CAPTIVE INSURANCE · CJ · controlled entity

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2022
Filed
2 November 2023
IRS schema version
2022v5.0
Source object
202303069349300105

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