THE INSTITUTE FOR TRANSFUSION MEDICINE Charity Report

Public IRS 990 nonprofit record

THE INSTITUTE FOR TRANSFUSION MEDICINE

EIN 25-1562714 · Blood Supply Related

What they do

ITXMS MISSION is to PROVIDE BEST IN CLASS BLOOD PRODUCTS and CLINICAL SERVICES to MEET THE NEEDS of THE HEALTHCARE COMMUNITY, PATIENTS and OUR DONORS THROUGH ADVANCED TRANSFUSION MEDICINE PRACTICES. ITXMS VISION is to BE THE PREMIER PROVIDER of BLOOD TRANSFUSION PRACTICES BY DELIVERING INNOVATIVE INDUSTRY LEADING SOLUTIONS THAT ENSURE THE HIGHEST QUALITY PRODUCTS and SERVICES, OPERATING EFFICIENCIES, DONOR SATISFACTON and IMPROVED PATIENT CARE RESULTING IN THE ACHIEVEMENT of OUR MISSION. ITXMS MISSION and VISION ARE SUPPORTED BY OUR VALUES of STEWARDSHIP, INTEGRITY, ACCOUNTABILITY, RESPECT, EXCELLENCE and INNOVATION.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $97.90 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2019The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders12 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

54.90%of revenue went to mission work97.9% of expenses · Program services

$56.07spent for every $100 of revenueRevenue covered expenses this year.

1.17%of revenue went to management and office costs2.1% of expenses

43.8%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $66,146 for MARK J GIAQUINTO (FORMER SECY/TREAS, PRES. BSF). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2019

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$5,367,258

Mission workProgram services$2,946,77254.90% of revenue97.9% of expenses

ManagementOffice and general costs$62,7831.17% of revenue2.1% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$2,357,70343.93% of revenueShown in gray on the chart

Total expenses$3,009,55556.07% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2019CurrentExpense mix: 97.9% mission · 2.1% management · 0.0% fundraisingTotal expenses: 56.07% of revenue

2018Expense mix: 71.2% mission · 28.8% management · 0.0% fundraisingTotal expenses: 10.13% of revenue

2016Expense mix: 0.0% mission · 100.0% management · 0.0% fundraisingTotal expenses: 94.67% of revenue

2015Expense mix: 38.5% mission · 61.5% management · 0.0% fundraisingTotal expenses: 188.32% of revenue

Money in and money out

Revenue$5,367,258

Expenses$3,009,555

Annual surplus $2,357,703 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$2,946,772 · 97.9% of expenses

Management and office costs$62,783 · 2.1% of expenses

See all reported dollar amounts

Revenue$5,367,258

Expenses$3,009,555

Income$8,569,227

Contributions$2,351,512

Mission work (program services)$2,946,772

Grants given$3,800,468

Average grant$760,094

Management and general$62,783

Executive compensation (total)$196,216

Accounting fees-$4,347

Investing fees$62,783

People

Leadership and board

Tax year 2019

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

MARK J GIAQUINTOFORMER SECY/TREAS, PRES. BSF $66,146Base · Other $66,146

BHAVI SHAHGENERAL COUNSEL/ASST SECRETARY · 1 hrs/week $56,725Base · Other $56,725

DAVID GREENDIRECTOR · 1 hrs/week $54,355Base · Other $54,355

CHARLES WILCOX IIIDIVISION PRESIDENT · 5 hrs/week $36,349Base · Other $36,349

TANYA PERRYCFO · 1 hrs/week $32,637Base · Other $32,637

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (12)

MARK J GIAQUINTOFORMER SECY/TREAS, PRES. BSF

BHAVI SHAHGENERAL COUNSEL/ASST SECRETARY

DAVID GREENDIRECTOR

CHARLES WILCOX IIIDIVISION PRESIDENT

TANYA PERRYCFO

JAMES R SCHRAITHDIRECTOR

JOHN S LEWISDIRECTOR

PATRICIA ABREGO-SANTUCVICE CHAIR

PAUL E STANDER MDSECRETARY/TREASURER

RICHARD D MCHUGH MDDIRECTOR

ROBERT S COLECHAIR

SUNNY P CHICODIRECTOR

About this charity

Location: 875 GREENTREE RD PC5, PITTSBURGH, PA 15220
County: Allegheny
In care of: BHAVI SHAH
Primary officer: BHAVI SHAH, GEN COUNSEL/ASST SEC

How to reach them

WebsiteVisit the charity’s website Phone(412) 209-7300 Officer phone(480) 675-5503

Filing and classification

Latest tax year: 2019
Tax period began: January 1, 2019
Return type: 990
Tax preparer: ERNST & YOUNG US LLP
IRS tax category: Blood Supply Related
Grant-giving organization: Yes