Independent Blood And Tissue Services Of Florida Inc in Orlando, Florida (FL)

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Independent Blood And Tissue Services Of Florida Inc
Employer Identification Number (EIN)592898768
Name of OrganizationIndependent Blood And Tissue Services Of Florida Inc
Address8669 Commodity Circle, Orlando, FL 32819-9054
SubsectionCharitable Organization
Ruling Date05/1989
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period01/2012
Assets$1 to $9,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$1
Amount of Income$2,093,369
Form 990 Revenue Amount$434,048
National Taxonomy of Exempt Entities (NTEE)Health - General and Rehabilitative: Blood Supply Related


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Amount of income in 2012: $2,093,369
This organization: 

 $2,093,369
Other organizations performing similar types of work: 

 $53,168,021

Assets in 2012: $1
Independent Blood And Tissue Services Of Florida Inc: 

 $1
Other organizations performing similar types of work: 

 $40,846,230

Expenses in 2012: $107,320
This organization: 

 $107,320
Other organizations performing similar types of work: 

 $53,098,022

Income to expenses ratio in 2012: 19.5
Independent Blood And Tissue Services Of Florida Inc: 

 19.5
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2007: 99.3%
Independent Blood And Tissue Services Of Florida Inc: 

 99.3%
Other organizations performing similar types of work: 

 84.3%

Grants share in income in 2012: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 0.4%

Financial snapshot ($)

Revenue for 2012

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$434,048
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$391,930
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$2,022
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$20,167
Gross rents (Real / Personal)$20,167 / $0
Less: rental expenses (Real / Personal)$0 / $0
Rental income or (loss) (Real / Personal)$20,167 / $0
Net gain from sales of assets other than inventory$19,929
Gross amount from sales of assets other than inventory (Securities / Other)$1,679,250 / $0
Less: cost or other basis and sales expenses (Securities / Other)$1,659,321 / $0
Gain or (loss) (Securities / Other)$19,929 / $0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2012)
Total functional expenses$107,320
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$107,320
Balance Sheet (for 2012)
Total assets$0
Total liabilities$0
Total net assets or fund balances$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$1,588,244$1,025,723$869,556$1,782,851$5,276,729$4,683,066$5,259,455$6,151,302
Contributions, gifts, grants, and similar amounts received$949,615$37,460$0$0$0$0$0$0
Contributions to donor advised funds$0$0
Direct public support$54,950$37,460$0$0$0$0$0$0
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$894,665$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$367,231$384,450$396,749$914,109$2,764,796$3,875,102$4,049,512$4,158,387
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$0$0$0$0$0$597,032$842,260$955,088
Dividends and interest from securities$271,398$388,342$330,729$342,752$400,882$0$0$0
Net rental income or (loss)$0$0$93,459$393,276$328,290$352,694$312,669$312,666
Gross rents$0$0$93,459$393,276$328,290$352,694$312,669$312,666
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$0$58,050$48,619$126,805$30,500$0$0$0
Gain or (loss) from sales of assets other than inventory$0$157,421$0$5,909$1,751,761$-141,762$55,014$725,161
Gross amount from sales of assets other than inventory$0$5,548,000$0$4,735,849$13,311,845$1,966,900$4,873,396$14,561,061
Less: cost or other basis and sales expenses$0$5,390,579$0$4,729,940$11,560,084$2,108,662$4,818,382$13,835,900
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$500$0$0$0
Total expenses$248,665$242,285$572,870$953,988$1,318,690$1,804,834$2,056,374$2,173,721
Program services$248,665$229,985$515,761$935,055$1,303,578$1,787,543$2,041,374$2,157,721
Management and general$0$12,300$57,109$18,933$15,112$17,291$15,000$16,000
Fundraising$0$0$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$9,942,588$14,018,693$15,995,164$16,065,692$21,780,818$27,979,292$34,260,972$36,479,483
Excess or (deficit) for the year$1,339,579$783,438$296,686$828,863$3,958,039$2,878,232$3,203,081$3,977,581
Net assets or fund balances at beginning of year$8,472,643$9,942,588$14,018,693$15,995,164$16,065,692$21,780,818$27,979,292$34,260,972
Other changes in net assets or fund balances$130,366$3,292,667$1,679,785$-758,335$1,757,087$3,320,242$3,078,599$-1,759,070
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$2,173,721$2,157,721$16,000$0
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$0$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$16,000$0$16,000$0
Legal fees$0$0$0$0
Supplies$0$0$0$0
Telephone$0$0$0$0
Postage and shipping$0$0$0$0
Occupancy$0$0$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$26,376$26,376$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$991,875$991,875$0$0
Depreciation, depletion, etc.$959,820$959,820$0$0
Other expenses not covered above$179,650$179,650$0$0
Balance Sheets
20002001200220032004200520062007
Total assets$13,932,346$14,318,693$31,850,795$31,910,106$48,144,081$51,925,512$57,857,037$59,690,831
Cash - non-interest-bearing$3,164$0$0$0$0$0$0$0
Savings and temporary cash investments$1,542$202,360$46,098$475,361$8,239,549$5,636,313$3,009,008$932,021
Accounts receivable less allowance for doubtful accounts$0$0$0$25,842$56,502$169,264$85,067$98,398
Pledges receivable less allowance for doubtful accounts$1,660,570$1,848,246$1,436,959$1,542,197$2,691$0$0$0
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$1,073,633$300,000$0$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$28,177$15,784$222,572$220,786$211,736$27,260$27,364$182,059
Investments - publicly-traded securities$24,461,449$29,926,863
Investments - other securities$5,038,121$6,381,526$11,978,502$7,480,208$18,309,485$14,859,017$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$0$0$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$4,956,380$5,469,162$18,099,239$22,151,392$21,311,294$30,433,800$29,483,541$28,523,721
Other assets, including program-related investments$1,170,759$101,615$67,425$14,320$12,824$799,858$790,608$27,769
Total liabilities$3,989,758$300,000$15,855,631$15,844,414$26,363,263$23,946,220$23,596,065$23,211,348
Accounts payable and accrued expenses$84$0$65,631$54,414$73,263$81,220$101,065$96,348
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$0$0$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$600,000$300,000$15,790,000$15,790,000$15,790,000$23,865,000$23,495,000$23,115,000
Mortgages and other notes payable$0$0$0$0$0$0$0$0
Other liabilities$3,389,674$0$0$0$10,500,000$0$0$0
Total liabilities and net assets/fund balances$13,932,346$14,318,693$31,850,795$31,910,106$48,144,081$51,925,512$57,857,037$59,690,831
Total net assets or fund balances$9,942,588$14,018,693$15,995,164$16,065,692$21,780,818$27,979,292$34,260,972$36,479,483
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$0$0$0$0$0$4,683,066$5,259,455$6,151,302
Total revenue, gains, and other support per audited financial statements$0$0$0$0$0$303,123$2,600,572$1,838,498
Other expenses$0$0$0$0$0$198,803$1,390,629$-154,417
Net unrealized gains on investments$0$0$0$0$0$0$1,390,629$-154,417
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$198,803$0$0
Other revenue$0$0$0$0$0$4,578,746$4,049,512$4,158,387
Investment expenses$0$0$0$0$0$703,644$0$0
Other$0$0$0$0$0$3,875,102$4,049,512$4,158,387
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$0$0$0$0$0$1,804,834$2,056,374$2,173,721
Total expenses and losses per audited financial statements$0$0$0$0$0$-2,972,715$-1,993,138$-1,984,666
Other revenue$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other expenses$0$0$0$0$0$4,777,549$4,049,512$4,158,387
Investment expenses$0$0$0$0$0$703,644$0$0
Other$0$0$0$0$0$4,073,905$4,049,512$4,158,387
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings45
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?Yes
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?Yes
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$1,992,915$4,158,387
Program service revenue
Program service revenue 1000000$000$0$4,158,387
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$955,088$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$0Income exempt from debt-financed (section 514) provisions because at least 85% of the use of the property is for the organization's exempt purposes (Note: This code is only for income from the 15% or less non-exempt purpose use.) (section 514(b)(1)(A))$312,666$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$725,161$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isNot controlled by disqualified persons/supports non private foundation
Type of supporting organizationType I
Information about the supported organizations
Employer identification number (EIN)Name of organizationType of organizationIs the supported organization listed in the supporting organization's governing documents?Amount of support
590668473Floridas Blood Centers IncYes$1,263,102
593088930Central Florida Tissue Bank IncYes$413,551
Total$1,676,653
Support Schedule
19992000200120022003200420052006
Total$0$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Blood Systems Inc6210 E Oak St, Scottsdale, AZ 85257-1101AZ1975-06$535,286,487
2Oneblood Inc8669 Commodity Circle, Orlando, FL 32819-9054FL1994-01$480,604,968
3New York Blood Center Inc310 E 67th St, New York, NY 10065-6275NY1961-02$407,263,669
4Bloodworks921 Tmy Avenue, Seattle, WA 98104WA1980-01$172,030,477
5Bloodcenter Of Wisconsin Inc638 N 18th St, Milwaukee, WI 53233-2121WI1994-07$162,999,136
6Carter Bloodcare2205 Highway 121, Bedford, TX 76021-5950TX1964-12$152,331,882
7Gulf Coast Regional Blood Center1400 La Concha Ln, Houston, TX 77054-1802TX1975-04$115,776,522
8Bloodsource Inc10536 Peter Amccuen Blvd, Sacramento, CA 95655CA1951-10$95,151,719
9Community Blood Centers Of South Florida Inc1700 N State Road 7, Lauderhill, FL 33313-5006FL1977-10$88,299,650
10Innovative Blood Resources737 Pelham Blvd, Saint Paul, MN 55114-1739MN1949-12$66,238,805
11Central Indiana Regional Blood Center3450 N Meridian St, Indianapolis, IN 46208-4437IN1954-03$63,517,887
12South Texas Blood & Tissue Center6211 Ih 10 W, San Antonio, TX 78201-2023TX1975-06$62,327,816
13Blood Bank Of San Bernardino And Riverside Counties IncPO BOX 1429, Sn Bernrdno, CA 92402-1429CA1952-04$61,464,587
14Institute For Transfusion Medicine, Central Blood Bank875 Greentree Road, Pittsburgh, PA 15220-3508PA2010-03$53,168,021
15Rhode Island Blood Center405 Promenade St, Providence, RI 02908-4811RI1969-05$44,201,847
16Blood Bank Of Delmarva Inc100 Hygeia Dr, Newark, DE 19713-2047DE1980-08$41,195,243
17Blood Connection Incorporated1099 Bracken Rd, Piedmont, SC 29673-9644SC1978-02$36,021,879
18The Blood Center2609 Canal St, New Orleans, LA 70119-6409LA1973-11$31,264,003
19Independent Blood And Tissue Services Of Florida Inc8669 Commodity Circle, Orlando, FL 32819-9054FL1989-05$2,093,369
20First Coast Blood Alliance Inc7595 Centurion Pkwy, Jacksonville, FL 32256-0518FL1943-02$661,758
Number of organizations performing similar types of work
Arizona1
California3
District of Columbia1
Delaware1
Florida4
Hawaii1
Iowa1
Illinois1
Indiana1
Louisiana1
Maryland1
Minnesota1
New York1
Pennsylvania1
Rhode Island1
South Carolina1
Tennessee1
Texas3
Washington1
Wisconsin1
Total27

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