Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $1,252,350

• 2a · Program service revenue: Tissue Processing

  total $258,986,202 · related or exempt $258,986,202

• 2b · Program service revenue: Blood Processing

  total $24,778,679 · related or exempt $24,778,679

• 3 · Investment income

  total $6,073,463 · excluded $6,073,463

• 6a · Gross rents

  real property $111,520

• 6b · Less rental expenses

  real property $109,856

• 6c · Rental income or loss

  real property $1,664

• 6d · Net rental income or loss

  total $1,664 · excluded $1,664

• 7a · Gross sales of assets other than inventory

  securities $32,195,002 · other assets $18,000,000

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

  securities $34,165,063 · other assets $6,867,264

• 7c · Gain or loss

  securities -$1,970,061 · other assets $11,132,736

• 7d · Net gain or loss

  total $9,162,675 · excluded $9,162,675

• 11a · Other revenue: Income (Loss) from JRF

  total $2,389,535 · related or exempt $2,389,535

• 11b · Other revenue: Miscellaneous Income

  total $346,805 · excluded $346,805

• 11e · Other revenue, total

  $2,736,340

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $3,968,429 · program services $2,791,683 · management and general $1,176,746

• 6 · Compensation of disqualified persons

  total $406,333 · management and general $406,333

• 7 · Other salaries and wages

  total $73,051,362 · program services $51,389,673 · management and general $21,661,689

• 8 · Pension plan contributions

  total $3,889,687 · program services $2,736,290 · management and general $1,153,397

• 9 · Other employee benefits

  total $12,473,265 · program services $8,774,607 · management and general $3,698,658

• 10 · Payroll taxes

  total $5,130,934 · program services $3,609,474 · management and general $1,521,460

• 11a · Fees: management

  total $897,531 · management and general $897,531

• 11b · Fees: legal

  total $955,340 · management and general $955,340

• 11c · Fees: accounting

  total $751,436 · management and general $751,436

• 11g · Fees: other

  total $174,287 · management and general $174,287

• 12 · Advertising and promotion

  total $1,518,050 · program services $132,519 · management and general $1,385,531

• 13 · Office expenses

  total $2,539,124 · program services $1,299,780 · management and general $1,239,344

• 14 · Information technology

  total $2,298,265 · program services $403,268 · management and general $1,894,997

• 16 · Occupancy

  total $3,102,852 · program services $2,231,012 · management and general $871,840

• 17 · Travel

  total $1,139,549 · program services $308,166 · management and general $831,383

• 19 · Conferences, conventions and meetings

  total $630,640 · program services $15,586 · management and general $615,054

• 20 · Interest

  total $3,063,867 · program services $3,063,867

• 22 · Depreciation, depletion and amortization

  total $6,603,754 · program services $5,335,136 · management and general $1,268,618

• 23 · Insurance

  total $1,780,817 · program services $406,074 · management and general $1,374,743

• 24a · Other expenses: Tissue Expense

  total $109,998,100 · program services $109,921,215 · management and general $76,885

• 24b · Other expenses: Freight and Delivery

  total $9,297,161 · program services $6,502,727 · management and general $2,794,434

• 24c · Other expenses: Repairs & Maintenance

  total $6,677,761 · program services $5,738,163 · management and general $939,598

• 24d · Other expenses: Contracted Processing

  total $4,914,316 · program services $4,914,280 · management and general $36

• 24e · All other expenses

  total $11,686,797 · program services $8,443,244 · management and general $3,243,553

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $376 · end of year $376

• 2 · Savings and temporary cash investments

  beginning of year $37,979,390 · end of year $44,505,292

• 4 · Accounts receivable

  beginning of year $37,437,733 · end of year $41,659,844

• 8 · Inventories for sale or use

  beginning of year $108,687,388 · end of year $121,199,026

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,360,130 · end of year $1,366,963

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

  $214,262,931

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

  $70,409,484

• 10c · Land, buildings and equipment, net

  beginning of year $137,801,196 · end of year $143,853,447

• 11 · Investments: publicly traded securities

  beginning of year $120,843,184 · end of year $162,078,042

• 12 · Investments: other securities

  beginning of year $2,912,681 · end of year $5,302,216

• 14 · Intangible assets

  beginning of year $16,757 · end of year $14,878,925

• 15 · Other assets

  beginning of year $3,768,359 · end of year $6,723,020

• 17 · Accounts payable and accrued expenses

  beginning of year $49,872,096 · end of year $54,950,804

• 19 · Deferred revenue

  beginning of year $6,412,079 · end of year $10,308,788

• 20 · Tax-exempt bond liabilities

  beginning of year $14,419,650 · end of year $81,684,267

• 24 · Unsecured notes and loans payable

  beginning of year $32,525,112 · end of year $0

• 25 · Other liabilities

  beginning of year $3,786,900 · end of year $4,009,407

• 27 · Net assets without donor restrictions

  beginning of year $344,791,357 · end of year $390,613,885

The filer's explanations (Part III)

Part I, Line 3

Aon conducted a compensation survey and the CEO's compensation is approved by the Personnel Committee.

Part I, Line 4a

Severance payments during 2024 include: Dr. David Smith - $403,333. These payments are reported as taxable compensation on Part II, column (B)(iii).

Part I, Line 5

CBC/CTS accrues and pays bonus compensation for its employees contingent on annual goals directly related to revenue and net operating income. These annual goals are prepared as a part of the annual budget process. Any bonuses earned against these goals are paid in February or March each year.

Part I, Line 6

CBC/CTS accrues and pays bonus compensation for its employees contingent on annual goals directly related to revenue and net operating income. These annual goals are prepared as a part of the annual budget process. Any bonuses earned against these goals are paid in February or March each year.

Part I, Line 7

Some discretionary bonuses may be paid at the direction of the CEO as well.