Overview
What is Versiti Inc?
Versiti Inc is a nonprofit organization headquartered in Milwaukee, Wisconsin. It provides centralized management and administrative functions for its affiliates, Versiti Wisconsin, Versiti Illinois, Versiti Michigan, and Versiti Indiana. Their mission encompasses charitable, scientific, and educational purposes, focusing on the fields of blood transfusion, services, and research. With a staff of nine individuals, Versiti Inc supports and strengthens its affiliates' efforts in these areas.
Official website here: www.versiti.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 56%, One-Star out of Four Star rating.
Versiti Inc. has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its financial practices and overall accountability. While the organization has a remarkably independent board, with 93% of its members being independent, and has established comprehensive policies for conflict of interest and whistleblower protections, its financial management raises red flags.
The charity's financial statements reflect a concerning liabilities to assets ratio of 98.73%, suggesting that it may be overly burdened with liabilities compared to its assets. Additionally, the low program expense ratio of 0.18% implies that a minimal portion of its expenditures is allocated to its actual programs, which may impact its effectiveness and mission fulfillment.
Despite some strong governance indicators, such as a well-structured audit and oversight committee, the lack of transparency in financial reporting, highlighted by the missing tax forms on its website, contributes to the overall low score. Prospective donors and stakeholders should consider these limitations when evaluating the organization's reliability and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Versiti Inc legitimate?
Versiti Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Versiti 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.versiti.org
What is the mission statement of Versiti Inc?
Versiti Inc supports the charitable, scientific, and educational endeavors of affiliated organizations and entities involved in blood transfusion, services, and research. The company plays a crucial role in providing centralized management and administrative functions to enhance the accomplishments of these entities. Versiti's mission is geared towards contributing to the advancement of the field through the collective efforts of various organizations engaged in similar pursuits.
Official website here: www.versiti.org
Who is the CEO of Versiti Inc?
Chris Miskel is the CEO of Versiti Inc The CEO's salary of Versiti Inc is $0 and their total compensation is $1,480,476.
Official website here: www.versiti.org
What is the revenue of Versiti Inc?
Versiti Inc's revenue in 2023 was $30,813,451.
Official website here: www.versiti.org
Who are the executives of Versiti Inc and what are their salaries?
There are 10 employees and 18 volunteers at Versiti Inc.
Here are 30 key members and their salaries (Versiti Inc's CEO's salary is $0 and their total compensation is $1,480,476):
- Compensation: $0
- Related: $1,425,101
- Other: $55,375
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- Other: $0
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- Other: $0
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- Compensation: $0
- Related: $720,940
- Other: $64,225
- Compensation: $0
- Related: $741,823
- Other: $40,131
- Compensation: $0
- Related: $687,493
- Other: $54,302
- Compensation: $0
- Related: $643,660
- Other: $39,453
- Compensation: $0
- Related: $620,167
- Other: $56,985
- Compensation: $0
- Related: $553,405
- Other: $62,979
- Compensation: $0
- Related: $546,023
- Other: $25,848
- Compensation: $0
- Related: $509,607
- Other: $54,653
- Compensation: $0
- Related: $521,280
- Other: $42,405
- Compensation: $0
- Related: $474,099
- Other: $50,984
- Compensation: $0
- Related: $165,284
- Other: $12,988
Official website here: www.versiti.org
Where can I find the form 990 for Versiti Inc?
Versiti Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.versiti.org
Learn more at the official website: www.versiti.org
Mission Statement of Versiti Inc
Versiti Inc, a supportive organization, is dedicated to furthering the charitable, scientific, and educational pursuits of its affiliates and similar entities specializing in blood transfusion, services, and research. By providing centralized management and administrative functions, Versiti plays a pivotal role in strengthening the missions of Versiti Wisconsin, Versiti Illinois, Versiti Michigan, and Versiti Indiana. Through its unwavering commitment, Versiti fosters growth and advancements in the fields of blood transfusion and related domains.
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Impact
October, 2024
Versiti Inc plays a vital role in enhancing blood transfusion services and advancing related research. By providing centralized management and administrative support to its affiliates—Versiti Wisconsin, Versiti Illinois, Versiti Michigan, and Versiti Indiana—it ensures that these organizations operate efficiently and effectively. This collaboration supports critical initiatives in health care, ultimately improving patient outcomes through better access to blood products and innovative research.
Versiti’s commitment to charitable, scientific, and educational purposes strengthens its impact on the community. By fostering advancements in blood transfusion practices and promoting educational programs, Versiti helps to address public health needs and raises awareness about the importance of blood donation. Its efforts contribute significantly to the overall effectiveness of blood services in the Midwest, ultimately saving lives and enhancing the quality of patient care.
This information is meant to be a general summary of Versiti 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 2023.
- Investment Income: $524,171
- Program Service Revenue: $30,214,182
- Gross Receipts: $30,929,887
Assets and Liabilities:
- Total Assets: $27,720,428
- Total Liabilities: $27,370,428
- Net Assets: $350,000
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AFFILIATE FEES
Revenue
$30,214,182
Organization Details
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