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Nonprofiteer
← BIO BRIDGE

Form 990 for tax year 2022

Filed by BIO BRIDGE.

Totals

Total revenue
$36,640,731
Total expenses
$34,844,828
Contributions and grants received
$0
Grants paid
$368,509
Program service revenue
$35,567,036
Investment income
$904,293
Other revenue
$169,402
Total assets, end of year
$69,766,084
Total liabilities, end of year
$13,839,021
Net assets or fund balances, end of year
$55,927,063
Program services expenses (Part IX)
$34,844,828
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$34,844,828

Program services were 100.0% 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.

  • 2a · Program service revenue: SUPPORT AND ADMINISTRATIVE FEES

    total $35,567,036 · related or exempt $35,567,036

  • 3 · Investment income

    total $960,233 · excluded $960,233

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $50,338

  • 6b · Less rental expenses

    real property $41,027

  • 6c · Rental income or loss

    real property $9,311 · personal property $0

  • 6d · Net rental income or loss

    total $9,311 · excluded $9,311

  • 7a · Gross sales of assets other than inventory

    securities $33,731,731 · other assets $8,000

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

    securities $33,777,474 · other assets $18,197

  • 7c · Gain or loss

    securities -$45,743 · other assets -$10,197

  • 7d · Net gain or loss

    total -$55,940 · excluded -$55,940

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: PURCHASE REBATES

    total $57,960 · related or exempt $57,960

  • 11b · Other revenue: OTHER REVENUE

    total $102,131 · related or exempt $102,131

  • 11d · All other revenue

    total $102,131 · related or exempt $102,131

  • 11e · Other revenue, total

    $160,091

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $368,509 · program services $368,509

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $3,831,292 · program services $3,831,292

  • 6 · Compensation of disqualified persons

    total $0 · program services $0

  • 7 · Other salaries and wages

    total $17,184,062 · program services $16,927,075 · fundraising $256,987

  • 8 · Pension plan contributions

    total $770,019 · program services $770,019

  • 9 · Other employee benefits

    total $1,973,071 · program services $1,915,002 · fundraising $58,069

  • 10 · Payroll taxes

    total $1,155,428 · program services $1,155,428

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $123,104 · program services $123,104

  • 11c · Fees: accounting

    total $190,232 · program services $190,232

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $211,071 · program services $211,071

  • 11g · Fees: other

    total $1,213,452 · program services $1,213,452

  • 12 · Advertising and promotion

    total $326,957 · program services $326,957

  • 13 · Office expenses

    total $730,713 · program services $730,713

  • 14 · Information technology

    total $1,939,974 · program services $1,939,974

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $1,445,704 · program services $1,445,704

  • 17 · Travel

    total $254,038 · program services $254,038

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $47,102 · program services $47,102

  • 20 · Interest

    total $36,910 · program services $36,910

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $1,524,736 · program services $1,524,736

  • 23 · Insurance

    total $62,020 · program services $62,020

  • 24a · Other expenses: TESTING EXPENSES & SUPPLIES

    total $640,879 · program services $640,879

  • 24b · Other expenses: SERVICES PURCH. BY REL. ORG.

    total -$315,056 · fundraising -$315,056

  • 24c · Other expenses: EQUIPMENT MAINTENANCE

    total $323,366 · program services $323,366

  • 24d · Other expenses: OTHER EXPENSES

    total $807,245 · program services $807,245

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $448,183 · end of year $148,996

  • 2 · Savings and temporary cash investments

    beginning of year $1,578,534 · end of year $925,503

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $556,109 · end of year $225,200

  • 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 $351,797 · end of year $393,141

  • 8 · Inventories for sale or use

    beginning of year $1,290,067 · end of year $1,475,846

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,664,606 · end of year $2,177,060

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

    $31,152,238

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

    $18,393,946

  • 10c · Land, buildings and equipment, net

    beginning of year $11,866,178 · end of year $12,758,292

  • 11 · Investments: publicly traded securities

    beginning of year $47,542,587 · end of year $41,166,160

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $4,685,886 · end of year $7,844,781

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $2,573,417 · end of year $2,651,105

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,822,431 · end of year $8,130,273

  • 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 $1,830,744 · end of year $1,673,224

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $160,599 · end of year $4,035,524

  • 27 · Net assets without donor restrictions

    beginning of year $63,736,731 · end of year $55,920,826

  • 28 · Net assets with donor restrictions

    beginning of year $6,859 · end of year $6,237

Mission and programs · 2022

Mission

BIOBRIDGE GLOBAL IS ORGANIZED FOR THE EXCLUSIVE PURPOSE OF SUPPORTING, AS THE SOLE MEMBER, SOUTH TEXAS BLOOD & TISSUE CENTER (STBTC), QUALTEX LABORATORIES (QUALTEX), GENCURE, AND THE BLOOD & TISSUE CENTER FOUNDATION (THE FOUNDATION) - (SEE SCHEDULE O).

Activities or mission (Part I)

BIOBRIDGE GLOBAL(BBG) IS ORGANIZED FOR THE EXCLUSIVE PURPOSE OF SUPPORTING, AS THE SOLE MEMBER, SOUTH TEXAS BLOOD & TISSUE CENTER(STBTC), QUALTEX LABORATORIES (SEE SCH.O)

  • BIOBRIDGE GLOBAL IS ORGANIZED FOR THE EXCLUSIVE PURPOSE OF SUPPORTING, AS THE SOLE MEMBER, SOUTH TEXAS BLOOD & TISSUE CENTER (STBTC), QUALTEX LABORATORIES (QUALTEX), GENCURE, AND THE BLOOD & TISSUE CENTER FOUNDATION (THE FOUNDATION) BY PROVIDING SUPPORT AND ADMINISTRATIVE FUNCTIONS THAT PROMOTE AND SUPPORT THE CHARITABLE MISSION AND PURPOSES OF STBTC, QUALTEX, GENCURE, AND THE FOUNDATION.

    Expenses $34,844,828 · Grants $368,509 · Revenue $35,727,127

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Martin Landon

    EX-OFFICIO DIR/CEO

    Total calculated
    $1,034,587
    From this org
    $993,227
    From related orgs
    $0
    Other
    $41,360
    Hours/week
    49 + 1 related

    Schedule J breakdown matched by us

    Base
    $743,295
    Bonus
    $245,000
    Other
    $4,932
    Deferred
    $20,242
    Nontaxable benefits
    $21,118
    Filer's total
    $1,034,587
  • William Richey Wyatt

    SVP/GEN COUNSEL & CHIEF COMP

    Total calculated
    $478,719
    From this org
    $432,244
    From related orgs
    $0
    Other
    $46,475
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $345,058
    Bonus
    $83,960
    Other
    $3,226
    Deferred
    $18,676
    Nontaxable benefits
    $27,799
    Filer's total
    $478,719
  • Rachel-Louise Beddard

    SVP/CHIEF MEDICAL OFFICER

    Total calculated
    $402,969
    From this org
    $352,564
    From related orgs
    $0
    Other
    $50,405
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $281,586
    Bonus
    $67,752
    Other
    $3,226
    Deferred
    $15,661
    Nontaxable benefits
    $34,744
    Filer's total
    $402,969
  • Edward Carter III

    SVP/CHIEF COMMERCIAL OFFICER

    Total calculated
    $383,488
    From this org
    $363,836
    From related orgs
    $0
    Other
    $19,652
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $308,939
    Bonus
    $50,525
    Other
    $4,372
    Deferred
    $18,578
    Nontaxable benefits
    $1,074
    Filer's total
    $383,488
  • Mark Edward Fite

    SVP, COO, QUALTEX

    Total calculated
    $371,654
    From this org
    $0
    From related orgs
    $352,904
    Other
    $18,750
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    not reported + $286,797 related
    Bonus
    not reported + $61,075 related
    Other
    not reported + $5,032 related
    Deferred
    not reported + $17,752 related
    Nontaxable benefits
    not reported + $998 related
    Filer's total
    not reported + $371,654 related
  • Adrienne Mendoza

    SVP/COO, STBTC (EFF 04/22)

    Total calculated
    $326,551
    From this org
    $0
    From related orgs
    $299,073
    Other
    $27,478
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    not reported + $253,866 related
    Bonus
    not reported + $42,550 related
    Other
    not reported + $2,657 related
    Deferred
    not reported + $18,030 related
    Nontaxable benefits
    not reported + $9,448 related
    Filer's total
    not reported + $326,551 related
  • John F Barnes IV

    VP HUMAN RESOURCES & LEARNING

    Total calculated
    $306,672
    From this org
    $271,904
    From related orgs
    $0
    Other
    $34,768
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $227,501
    Bonus
    $39,751
    Other
    $4,652
    Deferred
    $14,921
    Nontaxable benefits
    $19,847
    Filer's total
    $306,672
  • Thomas Scott Jones

    VP SCIENTIFIC AFFAIRS

    Total calculated
    $304,305
    From this org
    $262,952
    From related orgs
    $0
    Other
    $41,353
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $221,471
    Bonus
    $37,704
    Other
    $3,777
    Deferred
    $15,257
    Nontaxable benefits
    $26,096
    Filer's total
    $304,305
  • Becky Cap

    SVP/BUS DEV (EFF 10/22)

    Total calculated
    $302,765
    From this org
    $49,976
    From related orgs
    $237,559
    Other
    $15,230
    Hours/week
    12.5 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $49,397 + $206,024 related
    Bonus
    $0 + $29,590 related
    Other
    $579 + $1,945 related
    Deferred
    $2,652 + $10,756 related
    Nontaxable benefits
    $403 + $1,419 related
    Filer's total
    $53,031 + $249,734 related
  • Glenn Kues

    SVP/CFO (THRU 06/22)

    Total calculated
    $296,784
    From this org
    $270,068
    From related orgs
    $0
    Other
    $26,716
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $192,390
    Bonus
    $75,000
    Other
    $2,678
    Deferred
    $14,340
    Nontaxable benefits
    $12,376
    Filer's total
    $296,784
  • John William Youngdahl

    SVP/CFO (EFF 07/22)

    Total calculated
    $292,136
    From this org
    $259,219
    From related orgs
    $0
    Other
    $32,917
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $235,496
    Bonus
    $22,000
    Other
    $1,723
    Deferred
    $15,826
    Nontaxable benefits
    $17,091
    Filer's total
    $292,136
  • Jose Murillo

    VP INFORMATION TECHNOLOGY

    Total calculated
    $290,521
    From this org
    $244,922
    From related orgs
    $0
    Other
    $45,599
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $213,803
    Bonus
    $29,000
    Other
    $2,119
    Deferred
    $15,354
    Nontaxable benefits
    $30,245
    Filer's total
    $290,521
  • Granville Betton

    SR VP TALENT & PERFORMANCE

    Total calculated
    $287,768
    From this org
    $252,504
    From related orgs
    $0
    Other
    $35,264
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $200,696
    Bonus
    $47,447
    Other
    $4,361
    Deferred
    $13,273
    Nontaxable benefits
    $21,991
    Filer's total
    $287,768
  • Sophie Bardy

    VP MARKETING

    Total calculated
    $269,168
    From this org
    $241,801
    From related orgs
    $0
    Other
    $27,367
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $203,108
    Bonus
    $35,682
    Other
    $3,011
    Deferred
    $15,113
    Nontaxable benefits
    $12,254
    Filer's total
    $269,168
  • Christopher Johnson

    VP SUPPLY CHAIN & SUPPORT SERV

    Total calculated
    $265,984
    From this org
    $226,622
    From related orgs
    $0
    Other
    $39,362
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $201,463
    Bonus
    $22,500
    Other
    $2,659
    Deferred
    $13,206
    Nontaxable benefits
    $26,156
    Filer's total
    $265,984
  • Elizabeth Waltman

    SVP/COO STBTC (THRU 03/22)

    Total calculated
    $226,375
    From this org
    $0
    From related orgs
    $212,290
    Other
    $14,085
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    not reported + $121,614 related
    Bonus
    not reported + $88,415 related
    Other
    not reported + $2,261 related
    Deferred
    not reported + $10,038 related
    Nontaxable benefits
    not reported + $4,047 related
    Filer's total
    not reported + $226,375 related
  • Emmanuel Alejandro Casasola

    EXECUTIVE DIRECTOR, GLOBAL QUA

    Total calculated
    $224,576
    From this org
    $205,101
    From related orgs
    $0
    Other
    $19,475
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $183,025
    Bonus
    $20,729
    Other
    $1,347
    Deferred
    $9,442
    Nontaxable benefits
    $10,033
    Filer's total
    $224,576
  • Benjamin Lopez

    SR DIR., FINANCE & ACCOUNTING

    Total calculated
    $219,247
    From this org
    $203,867
    From related orgs
    $0
    Other
    $15,380
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $183,199
    Bonus
    $18,500
    Other
    $2,168
    Deferred
    $6,651
    Nontaxable benefits
    $8,729
    Filer's total
    $219,247
  • Charles J Lerner MD Fshea

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Steven R Brook JD

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Al Rajwani

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Donald H Jenkins MD Facs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Gabriele Niederauer PhD

    CHAIR - ELECT/SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • J Charlene Davis PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • James Rosenblatt JD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jeannie Frazier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jenna Saucedo-Herrera

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John Feik

    DIRECTOR EMERITUS

    Total calculated
    $0
    Hours/week
    1
  • Kenneth Gindy JD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kenneth P Trevett JD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Michael Kreager JD

    CHAIR EMERITUS/ASST SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Randi Brosterman Hutchens

    VICE-CHAIR & TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Thomas M McNish MD

    DIRECTOR

    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 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4c · Equity-based compensation arrangement
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 4C
EQUITY-BASED COMPENSATION PLAN: DURING 2018, THE ORGANIZATION ENTERED INTO A LONG-TERM DEFERRED COMPENSATION PLAN WITH THE CHIEF EXECUTIVE OFFICER (CEO). PURSUANT TO THE PLAN, THE CEO IS ENTITLED TO COMPENSATION BASED UPON THE INCREASE IN MARKET VALUE OF THE ORGANIZATION AS DEFINED IN THE AGREEMENT, SUBJECT TO CERTAIN LIMITS RELATED TO CUMULATIVE CASH FLOW. BASED UPON THE ORGANIZATION'S CALCULATED MARKET VALUE AS OF DECEMBER 31, 2022 AND 2021, NO DEFERRED COMPENSATION AMOUNTS WERE INCURRED DURING THE YEAR.
SCHEDULE J, PART I, LINE 6A
COMPENSATION CONTINGENT ON ORGANIZATION'S EARNINGS: BIOBRIDGE GLOBAL OFFERS AN INCENTIVE COMPENSATION PLAN THAT IS DEPENDENT ON ACHIEVING VARIOUS MEASURES. ONE OF THE MEASURES IS THAT BIOBRIDGE'S CONSOLIDATED FINANCIAL RESULTS MUST MEET OR EXCEED ITS BOARD APPROVED BUDGET.

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
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202313199349315006

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