Overview
What is Bloodworks?
Bloodworks is a Seattle-based nonprofit organization with a workforce of 973 employees. Their primary mission is to recruit, collect, test, process, and fractionate whole blood and its components into transfusion-ready products, which are used in nearly 90 hospitals, predominantly located in the Pacific Northwest. Their efforts save lives and contribute to research, innovation, education, and excellence within the fields of blood, medical, and laboratory services.
Official website here: www.bloodworksnw.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% - Four-Star out of Four Star rating on Charity Navigator.
Bloodworks has achieved a remarkable score of 96%, reflecting strong performance in accountability and finance. This high rating indicates that the organization demonstrates a commitment to transparency and responsible financial practices, which is crucial for maintaining donor trust and support. The score is derived entirely from its accountability metrics, showcasing the charity's focus on effective governance.
The organization has an independent board composed of 88% independent members, which contributes to its overall governance strength. Additionally, Bloodworks has received full points in critical areas such as audit oversight, conflict of interest policies, and financial management, indicating a robust operational framework. These strengths highlight the charity's dedication to ethical practices and sound financial health, with a program expense ratio of 85.14% signifying that a significant portion of its budget directly supports its mission.
While the data does not reveal any significant limitations or concerns, the focus on accountability and finance suggests that Bloodworks prioritizes operational sustainability and transparency. This approach is essential for building long-term relationships with stakeholders and ensuring the organization can effectively carry out its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Bloodworks legitimate?
Bloodworks is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bloodworks 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: $4,380,914
Professional Fundraising Fees: $0
Other Salaries and Wages: $70,228,621
For more financial information, click here
Official website here: www.bloodworksnw.org
What is the mission statement of Bloodworks?
Bloodworks is dedicated to saving lives through advanced research, innovation, education, and excellence in blood, medical, and laboratory services. In partnership with their community, they strive to make a significant impact by recruiting donors, collecting, testing, processing, and fractionating whole blood and its components into transfusion-ready products. These products, including whole blood, red blood cells, platelets, plasma, and cryoprecipitate, are utilized in nearly ninety hospitals, primarily located in the Pacific Northwest. Their mission encompasses providing essential blood services to improve patient outcomes and ultimately, contribute to prolonging lives.
Official website here: www.bloodworksnw.org
Who is the CEO of Bloodworks?
Curt Bailey is the CEO of Bloodworks The CEO's salary of Bloodworks is $968,288 and their total compensation is $1,007,300.
Official website here: www.bloodworksnw.org
What is the revenue of Bloodworks?
Bloodworks's revenue in 2024 was $159,823,247.
Official website here: www.bloodworksnw.org
Who are the executives of Bloodworks and what are their salaries?
The average compensation at Bloodworks during 2024 was $74,238. There are 1005 employees and 314 volunteers at Bloodworks.
Here are 26 key members and their salaries (Bloodworks's CEO's salary is $968,288 and their total compensation is $1,007,300):
- Compensation: $968,288
- Related: $0
- Other: $39,012
- Compensation: $460,283
- Related: $0
- Other: $16,474
- Compensation: $408,542
- Related: $0
- Other: $38,566
- Compensation: $424,462
- Related: $0
- Other: $19,800
- Compensation: $394,120
- Related: $0
- Other: $38,566
- Compensation: $391,803
- Related: $0
- Other: $28,666
- Compensation: $353,586
- Related: $0
- Other: $53,554
- Compensation: $311,183
- Related: $0
- Other: $27,843
- Compensation: $294,444
- Related: $0
- Other: $41,349
- Compensation: $285,256
- Related: $0
- Other: $43,238
- Compensation: $294,829
- Related: $0
- Other: $26,385
- Compensation: $279,410
- Related: $0
- Other: $35,207
- Compensation: $270,050
- Related: $0
- Other: $43,615
- Compensation: $272,252
- Related: $0
- Other: $35,183
- Compensation: $95,880
- Related: $0
- Other: $15,201
- Compensation: $8,000
- Related: $0
- Other: $0
- Compensation: $8,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $6,000
- Related: $0
- Other: $0
- Compensation: $4,000
- Related: $0
- Other: $0
- Compensation: $2,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.bloodworksnw.org
Where can I find the form 990 for Bloodworks?
Bloodworks's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.bloodworksnw.org
Learn more at the official website: www.bloodworksnw.org
Mission Statement of Bloodworks
Bloodworks, a leading nonprofit organization, is dedicated to saving lives through research, innovation, education, and excellence in blood, medical, and laboratory services. The mission of Bloodworks is multifaceted, encompassing various aspects of the healthcare industry.
In collaboration with the community, Bloodworks strives to make a difference by recruiting donors, collecting, testing, processing, and fractionating whole blood and its components into transfusion-ready products. These products include whole blood, red blood cells, platelets, plasma, and cryoprecipitate, which are essential for nearly 90 hospitals, primarily located in the Pacific Northwest.
Bloodworks' commitment extends beyond the collection and distribution of blood products. The organization invests in research to advance medical knowledge and improve patient care. By fostering innovation, Bloodworks ensures the delivery of cutting-edge solutions that meet the evolving needs of the healthcare sector.
Education is another essential component of Bloodworks' mission. The organization prioritizes spreading awareness about the importance of blood donation and the impact it has on saving lives. This comprehensive approach to making a difference is what sets Bloodworks apart and underscores its unwavering dedication to saving lives through its research, innovation, education, and excellence in blood, medical, and laboratory services.
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Impact
October, 2024
Bloodworks plays a vital role in enhancing the health and well-being of communities, particularly in the Pacific Northwest. By recruiting donors and collecting, testing, and processing blood, it transforms whole blood into life-saving products like red blood cells, platelets, plasma, and cryoprecipitate. These products are essential for medical treatments and emergency care in nearly 90 hospitals, ensuring that patients receive timely and safe transfusions.
Through its commitment to research, innovation, and education, Bloodworks continually improves the quality and efficiency of its services, making significant strides in medical and laboratory practices. This dedication not only ensures the availability of critical blood products but also fosters a culture of excellence in healthcare. The organization serves as a crucial bridge between donors and those in need, illustrating the profound impact that community involvement and scientific advancement can have on saving lives.
This information is meant to be a general summary of Bloodworks. 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 2024.
- Investment Income: $800,374
- Program Service Revenue: $157,050,934
- Gross Receipts: $164,192,632
Assets and Liabilities:
- Total Assets: $100,462,161
- Total Liabilities: $25,552,071
- Net Assets: $74,910,090
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BLOOD AND LABORATORY SERVICE FEES
Revenue
$126,687,328
BIOLOGICAL PRODUCT FEES
Revenue
$11,873,224
RESEARCH REVENUE
Revenue
$8,997,509
APHERESIS THERAPEUTIC FEES
Revenue
$5,447,937
OTHER BLOOD BANK SERVICES
Revenue
$2,059,180
Organization Details
Founding Year
1944
Principal Officer
Curt Bailey
Website
www.bloodworksnw.orgNTEE Category
Code: E610 - Health
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