Overview
What is Hawaii Cord Blood Bank?
Hawaii Cord Blood Bank is a nonprofit organization situated in Honolulu, Hawaii. Their primary mission is to enhance patient access to transplants by promoting the collection and public banking of umbilical cord blood from Hawaii's ethnically diverse population. By doing so, they aim to contribute to medical advancements and potentially save lives. The organization has a small workforce of three individuals dedicated to this cause.
Official website here: www.hcbb.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (73%)
The Hawaii Cord Blood Bank has received a two-star rating from Charity Navigator, indicating a need for improvement in certain areas of accountability and transparency. While the nonprofit boasts an impressive program expense ratio of 96.79%, highlighting its commitment to funding its programs, it falls short in financial transparency, as evidenced by a lack of financial statements and missing key policies such as a whistleblower and document retention policy.
Strengths of the organization include a fully independent board and a strong ratio of liabilities to assets, suggesting a healthy financial position. Additionally, the board meeting minutes are documented, which adds a level of transparency about governance. However, the absence of essential policies and financial disclosures raises concerns regarding oversight and accountability.
Overall, while the Hawaii Cord Blood Bank demonstrates a strong focus on its mission and effective program funding, its lack of transparency and certain governance policies may hinder trust among potential donors and stakeholders. Addressing these shortcomings could significantly enhance the organization's standing and effectiveness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Hawaii Cord Blood Bank legitimate?
Hawaii Cord Blood Bank is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hawaii Cord Blood Bank 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: $220,850
For more financial information, click here
Official website here: www.hcbb.org
What is the mission statement of Hawaii Cord Blood Bank?
The Hawaii Cord Blood Bank is committed to supporting measures aimed at enhancing patient access to transplants. This involves the collection and public banking of umbilical cord blood from Hawaii's ethnically diverse population. The bank's mission is to contribute to this cause, aiming to broaden the pool of available donors and increase the chances of successful transplants for a diverse range of patients. This initiative can potentially lead to significant advancements in medical treatments and patient care.
Official website here: www.hcbb.org
Who is the CEO of Hawaii Cord Blood Bank?
Randal Wada is the Board Chair/Director of Hawaii Cord Blood Bank.
Official website here: www.hcbb.org
What is the revenue of Hawaii Cord Blood Bank?
Hawaii Cord Blood Bank's revenue in 2023 was $622,662.
Official website here: www.hcbb.org
Who are the executives of Hawaii Cord Blood Bank and what are their salaries?
The average compensation at Hawaii Cord Blood Bank during 2023 was $73,617. There are 3 employees at Hawaii Cord Blood Bank.
Here are 10 key members and their salaries:
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- Related: $80,585
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Official website here: www.hcbb.org
Where can I find the form 990 for Hawaii Cord Blood Bank?
Hawaii Cord Blood Bank's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.hcbb.org
Learn more at the official website: www.hcbb.org
Mission Statement of Hawaii Cord Blood Bank
Hawaii Cord Blood Bank is dedicated to supporting initiatives aimed at enhancing patient access to transplants. A significant part of their mission involves the collection and public banking of umbilical cord blood from Hawaii's ethnically diverse population. This approach aims to broaden the availability of transplant options, particularly in light of the unique genetic makeup of the Hawaiian population. The bank's activities are centered around this objective, striving to make transplant procedures more accessible and inclusive for a varied patient base.
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Impact
July, 2024
Hawaii Cord Blood Bank plays a crucial role in enhancing patient access to transplants by collecting and publicly banking umbilical cord blood from Hawaii's ethnically diverse population. By facilitating the collection of this valuable resource, the organization contributes to potentially life-saving treatments for a wide range of patients in need. This impact is particularly significant given Hawaii's unique demographic composition, which makes the bank's efforts essential in supporting the healthcare needs of the local community and beyond.
This information is meant to be a general summary of Hawaii Cord Blood Bank. 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: $55,183
- Program Service Revenue: $144,620
- Gross Receipts: $3,766,509
Assets and Liabilities:
- Total Assets: $5,263,241
- Total Liabilities: $4,118
- Net Assets: $5,259,123
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NORTHWEST TISSUE CENTER
Revenue
$128,850
CAVENTA/STEMCELL
Revenue
$15,770
Organization Details
Founding Year
2000
Phone
(808) 983-2265Principal Officer
Randal Wada
Main Address
1319 PUNAHOU STREET, HONOLULU, HI, 96826
Website
www.hcbb.orgNTEE Category
Code: E61 - Health
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