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The Abraham J And Phyllis Katz Cord Blood Foundation

Cleveland Cord Blood Center

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 208376689 ✦ Cleveland, OH ✦ Designated as a 501(c)(3)

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Overview

What is The Abraham J And Phyllis Katz Cord Blood Foundation?

The Abraham J and Phyllis Katz Cord Blood Foundation is a nonprofit organization based in Cleveland, Ohio, operating under the name Cleveland Cord Blood Center. Their primary mission is to collect, process, and utilize umbilical cord blood (UCB) stem cells for clinical transplantation, medical research, and distribution. They aim to advance umbilical cord blood cell therapy treatments, improving lives, health, and expanding knowledge for each new birth. The foundation's core values include quality, collaboration, innovation, leadership, compassion, and integrity. They also aim to educate physicians and the public about the potential uses of UCB-derived stem cells in treating various diseases, such as cancer. With a team of 49 dedicated individuals, the foundation works towards their vision of a world where cord blood therapies can enhance quality of life for everyone.


Official website here: www.clevelandcordblood.org

Is The Abraham J And Phyllis Katz Cord Blood Foundation legitimate?

The Abraham J And Phyllis Katz Cord Blood Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Abraham J And Phyllis Katz Cord Blood Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $484,386
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,964,783

For more financial information, click here


Official website here: www.clevelandcordblood.org

What is the mission statement of The Abraham J And Phyllis Katz Cord Blood Foundation?

The Abraham J and Phyllis Katz Cord Blood Foundation aims to advance umbilical cord blood cell therapy treatments, with a vision of enhancing the quality of life for all. Their core values include quality, collaboration, innovation, leadership, compassion, and integrity. The organization collects, processes, and utilizes umbilical cord blood stem cells for clinical transplantation, medical research, and distribution. Their mission is to save lives, improve health, and expand knowledge in this field, one birth at a time. They also provide education to medical professionals and the general public about the utilization of umbilical cord-derived stem cells in the treatment of cancer and other diseases.


Official website here: www.clevelandcordblood.org

What is the revenue of The Abraham J And Phyllis Katz Cord Blood Foundation?

The Abraham J And Phyllis Katz Cord Blood Foundation's revenue in 2023 was $11,019,642.


Official website here: www.clevelandcordblood.org

Who are the executives of The Abraham J And Phyllis Katz Cord Blood Foundation and what are their salaries?

The average compensation at The Abraham J And Phyllis Katz Cord Blood Foundation during 2023 was $55,663. There are 44 employees and 7 volunteers at The Abraham J And Phyllis Katz Cord Blood Foundation.

Here are 10 key members and their salaries:


Bruce Goodman (Chairman, Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Woolf (Secretary, Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barbara Drobney (Treasurer, Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pamela Plott (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nancy Cook (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dawn Williams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alexander Katz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marcie Finney (Former Executive Director)
  • Compensation: $183,101
  • Related: $0
  • Other: $4,238
Wouter Van'T Hof (Cord Blood Bank Director)
  • Compensation: $178,477
  • Related: $0
  • Other: $9,008
Mary Laughlin (Medical Director)
  • Compensation: $122,808
  • Related: $0
  • Other: $762


Official website here: www.clevelandcordblood.org

Where can I find the form 990 for The Abraham J And Phyllis Katz Cord Blood Foundation?

The Abraham J And Phyllis Katz Cord Blood Foundation's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.clevelandcordblood.org

Learn more at the official website: www.clevelandcordblood.org

Mission Statement of The Abraham J And Phyllis Katz Cord Blood Foundation

The Abraham J and Phyllis Katz Cord Blood Foundation is committed to advancing umbilical cord blood cell therapy treatments. Their mission is threefold: saving lives, enhancing health, and expanding knowledge. They achieve this by harvesting, processing, and utilizing umbilical cord blood (UCB) stem cells for clinical transplantation, medical research, and distribution. The organization also aims to educate physicians and the public at large on the advancements in utilizing UCB-derived stem cells for the treatment of cancer and other diseases. By doing so, they aim to improve the quality of life for individuals worldwide, embodying their core values of quality, collaboration, innovation, leadership, compassion, and integrity.

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Impact




October, 2024

The Abraham J and Phyllis Katz Cord Blood Foundation significantly impacts the medical field by promoting the harvesting, processing, and utilization of umbilical cord blood stem cells for clinical applications. By advancing therapies related to cord blood, the foundation plays a crucial role in saving lives, enhancing health outcomes, and expanding medical knowledge.

Their commitment to education ensures that both physicians and the public are informed about the potential benefits of cord blood-derived stem cells in treating various diseases, including cancer. This dedication aligns with their vision of a world where cord blood therapies improve quality of life for everyone. Upholding core values such as quality, innovation, and compassion, the foundation stands out as a leader in the field, fostering collaborations that drive research and the adoption of life-saving treatments. This multi-faceted approach not only advances medical science but also cultivates a deeper understanding of the importance of umbilical cord blood in healthcare.




This information is meant to be a general summary of The Abraham J And Phyllis Katz Cord Blood Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$11,019,642 (2023)
Expenses
$6,939,127 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $44,187
  • Program Service Revenue: $4,047,931
  • Gross Receipts: $11,019,642

Assets and Liabilities:

  • Total Assets: $4,418,427
  • Total Liabilities: $2,327,320
  • Net Assets: $2,091,107

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

EARNED REVENUES - CLINICAL UCB

Revenue

$1,786,570

MISCELLANEOUS PROGRAM

Revenue

$612,068

EARNED REVENUES - RESEARCH UCB

Revenue

$561,625

HRSA CONTRACT

Revenue

$498,365

REIMBURSED SALARIES/EXPENSES

Revenue

$487,953

Organization Details

Founding Year

2006

Principal Officer

Wouter Van'T Hof

NTEE Category

Code: H30 - Medical research

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