Overview
What is Greater Metropolitan Community Blood Service Inc?
Greater Metropolitan Community Blood Service Inc, located in Yonkers, New York, operates as a nonprofit organization with a primary focus on the sale of blood. This entity acquires blood through both purchases and donations from various groups. The obtained blood is then sold, with service charges, primarily to hospitals. These hospitals, in turn, distribute the blood to those in need. The organization employs a team of 29 individuals, contributing to the provision of this essential resource.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64%, earning a Two-Star out of Four Star rating.
Greater Metropolitan Community Blood Service Inc has received a two-star rating from Charity Navigator, indicating concerns regarding its overall accountability and financial transparency. While the organization has a high program expense ratio of 100%, showing that all funds are directed toward its services, significant deficiencies in financial reporting and governance practices have been noted. The lack of financial statements, a missing tax form on its website, and absent policies for whistleblower protection and document retention reflect areas needing improvement.
The organization demonstrates a commitment to accountability through the presence of an independent board, with 66% of its members being independent. However, the size of the independent board is notably small, which may limit diverse perspectives in governance. The lack of publicly available financial documents raises questions about the organization's transparency, which is critical for donor trust and engagement.
Despite its strong program expense ratio, the overall financial and governance concerns highlighted by the missing documents and policies could undermine the organization's credibility. Stakeholders may want to seek clarification on these issues to ensure confidence in the nonprofit's operations and its effective use of funds.
This AI summary has been generated from information found on Charity Navigator.
Is Greater Metropolitan Community Blood Service Inc legitimate?
Greater Metropolitan Community Blood Service Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Metropolitan Community Blood Service Inc 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: $1,311,380
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,948,640
For more financial information, click here
What is the mission statement of Greater Metropolitan Community Blood Service Inc?
Greater Metropolitan Community Blood Service Inc's primary role is to act as a blood bank, purchasing and also accepting donations of blood from various groups. This organization then sells the blood, charging service fees, primarily to hospitals. These hospitals, in turn, distribute the blood to those in need. The mission of Greater Metropolitan Community Blood Service Inc is centered around providing a vital resource, ensuring the availability of blood for those in need, by facilitating the sale of donated blood.
Who is the CEO of Greater Metropolitan Community Blood Service Inc?
Laura Petitti is the Treasurer of Greater Metropolitan Community Blood Service Inc.
What is the revenue of Greater Metropolitan Community Blood Service Inc?
Greater Metropolitan Community Blood Service Inc's revenue in 2022 was $4,551,830.
Who are the executives of Greater Metropolitan Community Blood Service Inc and what are their salaries?
The average compensation at Greater Metropolitan Community Blood Service Inc during 2022 was $146,897. There are 29 employees at Greater Metropolitan Community Blood Service Inc.
Here are 3 key members and their salaries:
- Compensation: $649,900
- Related: $0
- Other: $53,892
- Compensation: $513,000
- Related: $0
- Other: $36,696
- Compensation: $148,480
- Related: $0
- Other: $36,696
Where can I find the form 990 for Greater Metropolitan Community Blood Service Inc?
Greater Metropolitan Community Blood Service Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Greater Metropolitan Community Blood Service Inc
Greater Metropolitan Community Blood Service Inc, as a blood bank, plays a vital role in the medical community. Its mission, in simple terms, is to collect, store, and distribute blood. This is achieved through a unique approach. The organization purchases blood from donor groups and also receives donations directly. Once acquired, the blood is then sold to hospitals at a service charge. These hospitals, in turn, distribute the blood to those in need, ensuring that it reaches individuals who require it for various medical procedures and emergencies. This process allows Greater Metropolitan Community Blood Service Inc to provide a lifesaving resource to the community, bridging the gap between blood donors and recipients. By serving as a mediator, the organization ensures that the blood supply is maintained and that hospitals can efficiently meet the demands of their patients.
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Impact
October, 2024
Greater Metropolitan Community Blood Service Inc plays a crucial role in the healthcare ecosystem by facilitating the collection, processing, and distribution of blood to hospitals in need. By sourcing blood from both donations and purchases, this organization ensures a steady supply of vital resources for medical procedures and emergency care.
Operating in Yonkers, NY, the organization focuses on maintaining high standards of safety and quality in blood handling, thereby positively impacting patient outcomes in the region. Its mission revolves around addressing the critical need for blood in hospitals, where it can be distributed to patients who require transfusions due to surgery, trauma, or medical conditions.
Through its service charge model, Greater Metropolitan Community Blood Service Inc sustains its operations while making blood available to healthcare providers, ultimately aiming to improve community health and welfare. The organization's commitment to community improvement is evident in its efforts to bridge the gap between blood availability and hospital demand, ensuring that those in need receive timely and efficient medical intervention.
This information is meant to be a general summary of Greater Metropolitan Community Blood Service Inc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$4,718,293
- Gross Receipts: $75,633,145
Assets and Liabilities:
- Total Assets: $66,123,197
- Total Liabilities: $175,197
- Net Assets: $65,948,000
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Organization Details
Phone
(914) 237-0000Principal Officer
Laura Petitti
Main Address
1150 Yonkers Avenue, Yonkers, NY, 10704
NTEE Category
Code: S80 - Community improvement
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