Overview
What is Kentucky Blood Center Inc?
Kentucky Blood Center Inc, located in Lexington, Kentucky, is a nonprofit organization dedicated to providing a safe and plentiful supply of life-saving blood and blood components to approximately seventy hospitals and clinics in central and eastern Kentucky. With a staff of 325 employees, they oversee the collection, processing, and distribution of these essential items. Their mission extends beyond blood donations, as they strive to be an integral and valued partner in the healthcare arena, supporting their local communities.
Official website here: www.kybloodcenter.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Kentucky Blood Center Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. The charity's score indicates strong governance practices, with 95% of its board members being independent and a comprehensive audit and oversight committee in place. The organization demonstrates a commitment to transparency, evidenced by the listing of its website on tax forms and the existence of essential policies such as conflict of interest and whistleblower protections.
Financially, the Kentucky Blood Center Inc shows a robust structure, with a program expense ratio of 86.85%, indicating that the majority of its resources are directed towards its mission. The liabilities to assets ratio stands at a low 5.50%, highlighting fiscal responsibility and stability. Additionally, the organization has no reported material diversion of assets, which further underscores its integrity and sound management.
While the data reflects significant strengths, it is important for potential donors and supporters to remain informed about ongoing operational practices and program impacts. Overall, the organization appears to be effectively managing its resources and governance, making it a trustworthy option for contributions in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Kentucky Blood Center Inc legitimate?
Kentucky Blood Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kentucky Blood Center 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: $929,533
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,987,117
For more financial information, click here
Official website here: www.kybloodcenter.org
What is the mission statement of Kentucky Blood Center Inc?
Kentucky Blood Center Inc is dedicated to ensuring a steady supply of safe blood and blood components for the hospitals they serve. Their mission goes beyond just blood collection and distribution; they aim to support their local communities by being an integral part of the healthcare arena. The organization, which collects and processes these essential items, provides them to approximately seventy hospitals and clinics in central and eastern Kentucky.
Official website here: www.kybloodcenter.org
Who is the CEO of Kentucky Blood Center Inc?
William Reed is the CEO of Kentucky Blood Center Inc The CEO's salary of Kentucky Blood Center Inc is $439,105 and their total compensation is $497,264.
Official website here: www.kybloodcenter.org
What is the revenue of Kentucky Blood Center Inc?
Kentucky Blood Center Inc's revenue in 2023 was $34,451,047.
Official website here: www.kybloodcenter.org
Who are the executives of Kentucky Blood Center Inc and what are their salaries?
The average compensation at Kentucky Blood Center Inc during 2023 was $37,768. There are 342 employees and 20 volunteers at Kentucky Blood Center Inc.
Here are 28 key members and their salaries (Kentucky Blood Center Inc's CEO's salary is $439,105 and their total compensation is $497,264):
- Compensation: $439,105
- Related: $0
- Other: $58,159
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- Compensation: $179,367
- Related: $0
- Other: $39,348
- Compensation: $79,841
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- Other: $18,725
- Compensation: $146,667
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- Other: $15,787
- Compensation: $138,966
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- Other: $15,550
- Compensation: $143,603
- Related: $0
- Other: $15,115
- Compensation: $126,763
- Related: $0
- Other: $32,208
- Compensation: $127,013
- Related: $0
- Other: $20,586
Official website here: www.kybloodcenter.org
Where can I find the form 990 for Kentucky Blood Center Inc?
Kentucky Blood Center Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.kybloodcenter.org
Learn more at the official website: www.kybloodcenter.org
Mission Statement of Kentucky Blood Center Inc
Kentucky Blood Center Inc: A Crucial Partner in Ensuring a Safe Blood Supply
Kentucky Blood Center Inc is a dedicated organization with a mission to provide a safe and plentiful supply of life-giving blood to the hospitals it serves. By being an integral part of the healthcare arena, the center supports its local communities in every possible way.
In the heart of its operations lies the collection and distribution of blood and blood components. Approximately seventy hospitals and clinics in central and eastern Kentucky receive these essential items from Kentucky Blood Center Inc. The organization meticulously collects, processes, and distributes these items to ensure their quality and safety.
The Center's primary goal is to make a difference in people's lives by addressing the critical need for blood. This mission is driven by the organization's commitment to saving lives and being a trusted partner in the healthcare community. By ensuring that hospitals have access to a steady supply of blood and blood components, Kentucky Blood Center Inc ultimately contributes to enhanced patient care and improved health outcomes.
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Impact
October, 2024
Kentucky Blood Center Inc plays a crucial role in the healthcare ecosystem of central and eastern Kentucky by coordinating the collection and distribution of blood and blood components. Operating from its base in Lexington, the organization ensures that approximately seventy hospitals and clinics have access to safe and abundant supplies of blood essential for various medical treatments and emergencies.
The center not only collects and processes blood but also works closely with the local communities to support their healthcare needs. Its mission emphasizes a commitment to public health, providing life-saving resources that are vital for surgeries, trauma care, and various medical procedures, thereby making it an integral partner in the well-being of the region. Through its efforts, Kentucky Blood Center Inc enhances the quality of care available to patients and fosters a sense of community engagement and responsibility towards health and wellness.
This information is meant to be a general summary of Kentucky Blood Center 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: $845,309
- Program Service Revenue: $33,290,692
- Gross Receipts: $34,616,517
Assets and Liabilities:
- Total Assets: $45,140,825
- Total Liabilities: $2,535,059
- Net Assets: $42,605,766
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BLOOD & BLOOD COMPONENT
Revenue
$28,211,459
SERVICE FEES
Revenue
$3,203,002
RECOVERED PLASMA FEES
Revenue
$1,916,508
INCOME/LOSS - P-SHIP
Revenue
-$40,277
Organization Details
Founding Year
1968
Principal Officer
William Reed
Website
www.kybloodcenter.orgNTEE Category
Code: E61Z - Health
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