Overview
What is Coffee Memorial Blood Center Foundation?
Coffee Memorial Blood Center Foundation is a nonprofit organization located in Amarillo, Texas, with an address at 7500 Wallace Blvd. The primary objective of this foundation is to support the Oklahoma Blood Institute, another nonprofit organization, by providing operational facilities. Additionally, the Coffee Memorial Blood Center Foundation funds research and public education initiatives, focusing on donor recruitment and the appropriate utilization of blood, blood products, and blood components. Their mission is to contribute to the understanding and promotion of these aspects, benefiting the general public.
Official website here: www.thegiftoflife.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star Rating.
The Coffee Memorial Blood Center Foundation has achieved a remarkable 94% overall score, reflecting its strong commitment to accountability and financial transparency. With a Four-Star rating, the organization demonstrates robust governance, highlighted by a fully independent board of directors and thorough oversight of financial statements. The lack of any material diversion of assets further underscores the foundation's integrity in managing its resources.
The strong performance in the accountability and finance beacon is backed by a high program expense ratio of 74.26%, indicating that a significant portion of its spending is directed towards its mission-related activities. Coupled with effective policies such as conflict of interest and whistleblower protections, the foundation has established a solid framework for ethical operations and responsible stewardship of funds.
While the organization shows impressive financial health, with a liabilities to assets ratio of 22.28%, ongoing transparency in operations and continued focus on program impact will be essential for maintaining this high standard. Overall, the Coffee Memorial Blood Center Foundation stands out for its commitment to ethical management and effective service delivery within the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Coffee Memorial Blood Center Foundation legitimate?
Coffee Memorial Blood Center Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Coffee Memorial Blood Center 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.
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Official website here: www.thegiftoflife.org
What is the mission statement of Coffee Memorial Blood Center Foundation?
The Coffee Memorial Blood Center Foundation plays a crucial role in supporting the Oklahoma Blood Institute by providing operational facilities. One of its primary objectives is to fund research and education aimed at enhancing public understanding regarding donor recruitment and the utilization of blood, blood products, and blood components. The foundation's mission is centered around fostering knowledge and awareness among the general public to promote the importance of blood donation and its application in medical treatments.
Official website here: www.thegiftoflife.org
Who is the CEO of Coffee Memorial Blood Center Foundation?
Brad Duggan is the Director of Coffee Memorial Blood Center Foundation.
Official website here: www.thegiftoflife.org
What is the revenue of Coffee Memorial Blood Center Foundation?
Coffee Memorial Blood Center Foundation's revenue in 2022 was $605,079.
Official website here: www.thegiftoflife.org
Who are the executives of Coffee Memorial Blood Center Foundation and what are their salaries?
Here are 10 key members and their salaries:
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Official website here: www.thegiftoflife.org
Where can I find the form 990 for Coffee Memorial Blood Center Foundation?
Coffee Memorial Blood Center Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thegiftoflife.org
Learn more at the official website: www.thegiftoflife.org
Mission Statement of Coffee Memorial Blood Center Foundation
The Coffee Memorial Blood Center Foundation plays a crucial role in supporting the Oklahoma Blood Institute, offering operational facilities for the non-profit organization. Beyond this, the foundation is dedicated to funding research and education on donor recruitment and the utilization of blood, blood products, and blood components. This mission aims to educate the general public, fostering a better understanding of the importance of blood donations and the potential uses of these vital components. Through its efforts, the Coffee Memorial Blood Center Foundation contributes significantly to the medical community, ensuring a steady supply of life-saving resources while increasing public awareness of their importance.
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Impact
July, 2024
Coffee Memorial Blood Center Foundation's impact is significant in providing the operating facilities for the Oklahoma Blood Institute and funding research and education for the general public regarding donor recruitment and the use of blood, blood products, and blood components. This work is crucial in supporting health initiatives and ensuring a stable blood supply for those in need.
This information is meant to be a general summary of Coffee Memorial Blood Center 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $167,914
- Program Service Revenue: $371,225
- Gross Receipts: $1,303,366
Assets and Liabilities:
- Total Assets: $7,138,781
- Total Liabilities: $1,873,964
- Net Assets: $5,264,817
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LEASE-OKLAHOMA BLOOD INST
Revenue
$334,305
DEVELOPMENT REVENUES
Revenue
$36,920
Organization Details
Founding Year
1949
Phone
(806) 358-4563Principal Officer
Brad Duggan
Main Address
7500 WALLACE BLVD, AMARILLO, TX, 791242149
Website
www.thegiftoflife.orgNTEE Category
Code: E61Z - Health
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