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Vitalant Foundation

Pittsburgh, PA   |  www.bloodsciencefoundation.org
GuideStar Charity Check

Vitalant Foundation

EIN: 25-1562715


Mission

Vitalant Foundation secures and stewards charitable gifts to support Vitalant's mission to unite blood and biologics donors, talent, and innovation to save and improve lives.

Ruling year info

2017

President & Treasurer

Mr. Mark J Giaquinto

Main address

875 Greentree Rd Parkway Ctr 5

Pittsburgh, PA 15220 USA

Show more contact info

EIN

25-1562715

Subject area info

Blood banks

Population served info

Children and youth

Adults

NTEE code info

Blood Supply Related (E61)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Affiliations

See related organizations info

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Vitalant Needs for 2023

-Blood-related disease and transfusion medicine research
-High School Scholarship Program
-Workforce Development
-Diversification of Blood Donor Base
-Elevating the blood donor experience
-Bloodmobile Funding
-E-Vehicle Project

Population(s) Served

Where we work

Financials

Vitalant Foundation
Fiscal year: Jan 01 - Dec 31
Financial documents
2022 FY22 Vitalant Audited Financials
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

38.07

Average of 36.25 over 7 years

Months of cash in 2022 info

SOURCE: IRS Form 990

2.2

Average of 2 over 7 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

0%

Average of 0% over 7 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Vitalant Foundation

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Vitalant Foundation

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Vitalant Foundation

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of Vitalant Foundation’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

* This organization changed its fiscal year accounting period in 2021. Please refer to its 2021 990s for more information.

Business model indicators

Profitability info 2018 2019 2020 2021 * 2022
Unrestricted surplus (deficit) before depreciation -$3,062,318 -$128,024 -$3,078,843 $7,045,036 -$53,751,945
As % of expenses -46.1% -4.1% -75.1% 175.0% -948.1%
Unrestricted surplus (deficit) after depreciation -$3,062,318 -$128,024 -$3,078,843 $7,045,036 -$53,751,945
As % of expenses -46.1% -4.1% -75.1% 175.0% -948.1%
Revenue composition info
Total revenue (unrestricted & restricted) $6,508,970 $2,213,472 $1,264,684 $2,346,202 $2,829,576
Total revenue, % change over prior year -52.9% -66.0% -42.9% 85.5% 20.6%
Program services revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 10.8% 75.6% 93.3% 45.5% 30.9%
Government grants 0.0% 0.0% 0.0% 0.0% 0.0%
All other grants and contributions 3.3% 23.3% 21.0% 7.9% 48.7%
Other revenue 86.0% 1.1% -14.2% 46.6% 20.4%
Expense composition info
Total expenses before depreciation $6,637,452 $3,091,700 $4,096,990 $4,025,186 $5,669,368
Total expenses, % change over prior year 129.6% -53.4% 32.5% -1.8% 40.8%
Personnel 0.0% 0.0% 0.0% 0.0% 0.0%
Professional fees 13.0% 28.7% 21.0% 20.5% 22.7%
Occupancy 0.0% 0.0% 0.0% 0.0% 0.0%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 85.7% 62.3% 72.7% 73.8% 61.3%
All other expenses 1.3% 9.1% 6.3% 5.7% 16.0%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $6,637,452 $3,091,700 $4,096,990 $4,025,186 $5,669,368
One month of savings $553,121 $257,642 $341,416 $335,432 $472,447
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $0 $0 $0 $0
Total full costs (estimated) $7,190,573 $3,349,342 $4,438,406 $4,360,618 $6,141,815

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 0.5 2.6 1.4 3.2 2.2
Months of cash and investments 80.8 181.1 133.0 159.1 96.0
Months of estimated liquid unrestricted net assets 91.0 194.9 138.0 161.5 0.1
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $266,348 $667,520 $474,391 $1,079,590 $1,049,491
Investments $44,439,045 $45,984,878 $44,935,692 $52,278,174 $44,316,830
Receivables $29,365 $4,237 $22,687 $32,917 $0
Gross land, buildings, equipment (LBE) $0 $0 $0 $0 $0
Accumulated depreciation (as a % of LBE) 0.0% 0.0% 0.0% 0.0% 0.0%
Liabilities (as a % of assets) 1.8% 2.0% 2.7% 1.3% 2.0%
Unrestricted net assets $50,334,648 $50,206,624 $47,127,781 $54,172,817 $48,060
Temporarily restricted net assets $2,575 $318,779 N/A N/A N/A
Permanently restricted net assets $0 $0 N/A N/A N/A
Total restricted net assets $2,575 $318,779 $242,947 $142,005 $44,402,949
Total net assets $50,337,223 $50,525,403 $47,370,728 $54,314,822 $44,451,009

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

President & Treasurer

Mr. Mark J Giaquinto

Number of employees

Source: IRS Form 990

Vitalant Foundation

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Vitalant Foundation

Board of directors
as of 02/20/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Roger Oxendale

Chuck Bracken

Jim Covert

Roger Oxendale

Russ York

Jim Schraith

Gordon Smith

Nancy Angus

Judy Murtha

Sunny Chico

Bob Ostrowski

Organizational demographics

SOURCE: Self-reported; last updated 8/16/2023

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

Disability

Contractors

Fiscal year ending

Professional fundraisers

Fiscal year ending

SOURCE: IRS Form 990 Schedule G

Solicitation activities
Gross receipts from fundraising
Retained by organization
Paid to fundraiser