Overview
What is Dak-Minn Blood Bank?
Dak-Minn Blood Bank is a nonprofit organization situated in Grand Forks, North Dakota, specifically at 3375 Demers Ave. Their primary mission revolves around acquiring, processing, and distributing blood and blood derivatives to various healthcare facilities. This service ensures that patients and institutions in need have an accessible and appropriate supply of blood components. The organization's ultimate goal is to support Altru Health System and other local healthcare facilities by providing and maintaining a safe and adequate blood supply.
Official website here: www.dakminnbloodbank.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating.
Dak-Minn Blood Bank has achieved an outstanding score of 97%, indicating a high level of accountability and financial health. The organization demonstrates strong governance with a fully independent board consisting of 10 members, and it has effectively implemented various policies to ensure transparency and integrity in its operations.
The organization excels in financial management, evidenced by a low liabilities to assets ratio of 3.30% and an impressive program expense ratio of 97.75%. This suggests that a significant portion of its funding is directed towards its programs and services rather than administrative costs.
While the overall ratings indicate a robust organization, it is essential for potential donors and supporters to remain informed about any future developments or changes in financial practices. Overall, Dak-Minn Blood Bank appears to operate with high standards of accountability and efficiency, making it a reliable choice for those looking to support blood donation initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Dak-Minn Blood Bank legitimate?
Dak-Minn Blood Bank is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dak-Minn Blood Bank 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.
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For more financial information, click here
Official website here: www.dakminnbloodbank.org
What is the mission statement of Dak-Minn Blood Bank?
Dak-Minn Blood Bank's mission is centered around providing and ensuring a secure supply of blood and its derivatives for healthcare facilities. This is done with the primary aim of making appropriate blood components readily available for patients who require them, specifically serving Altru Health System and other local medical centers. The bank is responsible for acquiring, processing, and distributing blood and its derivatives to these healthcare facilities, thereby contributing significantly to patient care.
Official website here: www.dakminnbloodbank.org
What is the revenue of Dak-Minn Blood Bank?
Dak-Minn Blood Bank's revenue in 2023 was $143,067.
Official website here: www.dakminnbloodbank.org
Who are the executives of Dak-Minn Blood Bank and what are their salaries?
Here are 12 key members and their salaries:
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- Related: $98,102
- Other: $7,341
Official website here: www.dakminnbloodbank.org
Where can I find the form 990 for Dak-Minn Blood Bank?
Dak-Minn Blood Bank's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.dakminnbloodbank.org
Learn more at the official website: www.dakminnbloodbank.org
Mission Statement of Dak-Minn Blood Bank
Dak-Minn Blood Bank, a vital organization, is dedicated to providing and maintaining a safe and sufficient blood supply for Altru Health System and local healthcare facilities. By acquiring, processing, and distributing blood and its derivatives, the bank ensures that patients in need have access to appropriate blood components. This mission is crucial in supporting healthcare facilities in their ability to provide lifesaving treatments to their patients. Dak-Minn Blood Bank's role in the community is to bridge the gap between blood donors and patients requiring transfusions, contributing significantly to the healthcare system's overall effectiveness.
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Impact
October, 2024
Dak-Minn Blood Bank plays a crucial role in healthcare by ensuring a safe and adequate blood supply for Altru Health System and local healthcare facilities in Grand Forks, ND. By acquiring, processing, and distributing blood and its derivatives, they directly support patients in need of transfusions and other blood-related treatments. Their mission is vital in maintaining the availability of appropriate blood components, which can be life-saving during medical emergencies, surgeries, and treatments for chronic conditions. The organization's impact goes beyond individual patients, as it strengthens the overall healthcare infrastructure and contributes to community health resilience.
This information is meant to be a general summary of Dak-Minn Blood Bank. 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 2023.
- Investment Income: $2,432
- Program Service Revenue: $140,435
- Gross Receipts: $143,067
Assets and Liabilities:
- Total Assets: $327,560
- Total Liabilities: $10,828
- Net Assets: $316,732
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BLOOD & BLOOD DERIVATI
Revenue
$140,435
Organization Details
Founding Year
1974
Principal Officer
Mike St Onge
Website
www.dakminnbloodbank.orgNTEE Category
Code: E60 - Health
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