Overview
What is Innovative Transfusion Medicine Inc?
Innovative Transfusion Medicine Inc, a 501(c)(3) charitable organization based in Coral Springs, Florida, is dedicated to enhancing community health. This nonprofit organization specializes in the recruitment, collection, processing, and distribution of blood and blood products to cater to the local population's needs. Through their work and research, Innovative Transfusion Medicine Inc aims to contribute positively to the community's wellbeing, utilizing blood and blood products as their primary tools. The organization houses a team of 96 dedicated individuals who are committed to this mission.
Official website here: www.itmblood.org/
What are the reviews and ratings of this charity?
**: Charity Navigator Rating 70% (Two-Star out of Four Stars )**ar Rating)**
Innovative Transfusion Medicine Inc has received a Two-Star rating from Charity Navigator, primarily based on their Accountability & Finance score of 70%. This rating suggests that while the organization shows some strengths in financial management and transparency, there are significant concerns regarding its governance structure, notably the lack of independent board members and a weak overall board composition. These gaps could affect the organization's long-term sustainability and effectiveness in fulfilling its mission.
The charity demonstrates strong accountability in certain areas, such as having whistleblower and conflict of interest policies in place, along with a high program expense ratio of 96.31%. This indicates that they prioritize their programmatic work. However, the absence of independent board oversight and low scores in several governance metrics points to potential vulnerabilities in their operational integrity.
There are currently no user reviews available from GreatNonprofits, which limits the insight into constituent experiences and stakeholder sentiment regarding the organization. Overall, while Innovative Transfusion Medicine Inc displays competence in some financial practices, there are notable governance and evaluation limitations that prospective donors and supporters should consider.
This AI summary has been generated from information found on Charity Navigator.
Is Innovative Transfusion Medicine Inc legitimate?
Innovative Transfusion Medicine Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Innovative Transfusion Medicine 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: $174,064
Professional Fundraising Fees: $0
Other Salaries and Wages: $937,596
For more financial information, click here
Official website here: www.itmblood.org/
What is the mission statement of Innovative Transfusion Medicine Inc?
Innovative Transfusion Medicine Inc, as a charitable organization, is dedicated to enhancing the health of communities through their work and research with blood and blood products. Their mission involves recruiting, collecting, processing, and distributing these essential resources to cater to the needs of the community. Their primary goal is to improve community health through rigorous research and application of blood and blood products.
Official website here: www.itmblood.org/
Who is the CEO of Innovative Transfusion Medicine Inc?
Robert Mckie is the Chief Financial Officer of Innovative Transfusion Medicine Inc.
Official website here: www.itmblood.org/
What is the revenue of Innovative Transfusion Medicine Inc?
Innovative Transfusion Medicine Inc's revenue in 2022 was $7,069,661.
Official website here: www.itmblood.org/
Who are the executives of Innovative Transfusion Medicine Inc and what are their salaries?
The average compensation at Innovative Transfusion Medicine Inc during 2022 was $11,580. There are 96 employees and 50 volunteers at Innovative Transfusion Medicine Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $60,000
- Compensation: $59,000
- Related: $0
- Other: $0
- Compensation: $55,064
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.itmblood.org/
Where can I find the form 990 for Innovative Transfusion Medicine Inc?
Innovative Transfusion Medicine Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.itmblood.org/
Learn more at the official website: www.itmblood.org/
Mission Statement of Innovative Transfusion Medicine Inc
Innovative Transfusion Medicine Inc, a Florida-based charitable organization as per the Internal Revenue Code (IRC) section 501(C)(3), is dedicated to enhancing the health of the community through its work and research with blood and blood products. This nonprofit organization is committed to recruiting, collecting, processing, and distributing blood and blood products to meet the demands of the community. By doing so, Innovative Transfusion Medicine Inc seeks to improve the health of the community it serves.
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Impact
July, 2024
Innovative Transfusion Medicine Inc's impact is significant as it works tirelessly to improve the health of the community through its research and provision of blood and blood products. By focusing on recruitment, collection, processing, and distribution of these vital resources, ITM plays a crucial role in meeting the community's needs. Through this work, ITM contributes directly to saving lives and enhancing the well-being of individuals who rely on blood transfusions for various medical treatments. Its dedication to advancing healthcare in Coral Springs, Florida, and beyond underscores the organization's commitment to making a positive impact on the health and well-being of the community.
This information is meant to be a general summary of Innovative Transfusion Medicine 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: $537
- Program Service Revenue: $7,069,124
- Gross Receipts: $7,069,661
Assets and Liabilities:
- Total Assets: $6,363,122
- Total Liabilities: $2,034,636
- Net Assets: $4,328,486
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRANSFUSION
Revenue
$3,363,643
RED BLOOD CELL
Revenue
$2,632,736
COVID CONVALESCENT PLASMA
Revenue
$1,069,975
OTHER
Revenue
$2,770
Organization Details
Founding Year
2018
Phone
(954) 531-6335Principal Officer
Robert Mckie
Main Address
4200 NW 120th Ave, Coral Springs, FL, 33065
Website
www.itmblood.org/NTEE Category
Code: E61 - Health
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