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Institute For Transfusion Medicine

Organization summary

Organization summary might be incomplete or out of date

This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Health — General and Rehabilitative / Blood Supply Related (NTEE)

Summary charts: organization finances over time

Revenue
$5.37M (2019)

Expenses
$3.01M (2019)

Total Assets
$0 (2019)

Total Liabilities
$0 (2019)

Years with multiple filings
Source: Form 990 tax filings from 2011 to 2019

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,367,258
Expenses
$3,009,555
Net Income
$2,357,703
Net Assets
$0
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,351,512
43.8%
Program Services $0
Investment Income $1,364,600
25.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,651,146
30.8%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $0
Total Liabilities $0
Net Assets $0
Compensation
Key Employees and Officers Compensation Related Other
David Green (Director) $0 $732,803 $54,355
Bhavi Shah (General Counsel/Asst Secretary) $0 $403,388 $56,725
Tanya Perry (Cfo) $0 $402,285 $32,637
Charles Wilcox Iii (Division President) $0 $360,752 $36,349
Mark J Giaquinto (Former Secy/Treas, Pres. Bsf) $0 $308,362 $66,146
James R Schraith (Director) $0 $37,625 $0
Robert S Cole (Chair) $0 $36,000 $0
John S Lewis (Director) $0 $29,000 $0
Patricia Abrego Santuc (Vice Chair) $0 $27,250 $0
Sunny P Chico (Director) $0 $22,500 $0
Paul E Stander Md (Secretary/Treasurer) $0 $20,500 $0
Richard D Mchugh Md (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,569,227
Expenses
$867,745
Net Income
$7,701,482
Net Assets
-$23,292,723
Notable Sources of Revenue Percent of Total Revenue
Contributions $6,907,013
80.6%
Program Services $0
Investment Income $1,154,876
13.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $440,906
5.1%
Net Inventory Sales $0
Other Revenue $66,432
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $196,216
22.6%
Professional Fundraising Fees $0
Other Salaries and Wages $1,079,289
> 100%
Assets/Debt
Total Assets $53,858,965
Total Liabilities $77,151,688
Net Assets -$23,292,723
Compensation
Key Employees and Officers Compensation Related Other
Mark J Giaquinto (Former Secy/Treas) $204,562 $78,697 $48,580
Diane Merkt (Former Chief Compli Ofr) $196,216 $0 $0
Jeffrey Wahal (Dir, Hemophilia Operations) $97,846 $33,797 $23,678
Michele Tysarczyk (Sr. Director, Manufacturing) $82,225 $92,947 $10,072
Christine Mcclure (Manager, Product Inventory) $77,968 $24,065 $12,622
Kent Oestreich (Regional Vp Customer Acct Mgt) $16,251 $190,082 $8,176
George Dimopoulos (Regional Sales Rep Diagnostics) $2,223 $135,455 $17,406
Patricia Abrego Santucci (Vice Chair) $0 $23,000 $0
Sunny P Chico (Director) $0 $23,000 $0
Robert S Cole (Chair) $0 $33,875 $0
Michael H Jones (Director (Thru 11/18)) $0 $20,500 $0
John S Lewis (Director) $0 $37,000 $0
Richard D Mchugh Md (Director) $0 $0 $0
James R Schraith (Director) $0 $40,125 $0
Paul E Stander Md (Secy/Treas) $0 $23,500 $0
David Green (Director) $0 $690,754 $55,265
Tanya Perry (Cfo) $0 $347,293 $42,361
Bhavi Shah (Gen Counsl/Asst Secy) $0 $367,776 $36,748
Charles Wilcox Iii (Division President) $0 $349,623 $26,534

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$933,730
Expenses
$1,769,749
Net Income
-$836,019
Net Assets
-$27,126,153
Notable Sources of Revenue Percent of Total Revenue
Contributions $209,302
22.4%
Program Services $0
Investment Income $672,928
72.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $51,500
5.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $115,946
6.6%
Professional Fundraising Fees $0
Other Salaries and Wages $3,084,653
> 100%
Assets/Debt
Total Assets $55,886,659
Total Liabilities $83,012,812
Net Assets -$27,126,153

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,382,308
Expenses
$1,308,590
Net Income
$73,718
Net Assets
-$8,568,199
Notable Sources of Revenue Percent of Total Revenue
Contributions $547,254
39.6%
Program Services $120,394
8.7%
Investment Income $551,090
39.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$58
Net Inventory Sales $0
Other Revenue $163,628
11.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,303,517
99.6%
Professional Fundraising Fees $0
Other Salaries and Wages $10,583,876
> 100%
Assets/Debt
Total Assets $73,144,095
Total Liabilities $81,712,294
Net Assets -$8,568,199
Compensation
Key Employees and Officers Compensation Related Other
James P Covert (President & Ceo (Thru 2/17)) $614,575 $0 $241,787
Mark J Giaquinto (Secretary/Treas (Thru 2/17)) $311,510 $0 $115,275
Diane Merkt (Chief Compli Ofr (Thru 4/17)) $256,432 $0 $96,599
Roxanne Tata (Vice President (Thru 5/17)) $217,519 $0 $135,107
Eric Schulties (Vice President (Thru 6/17)) $212,606 $0 $94,437
Kent Oestreich (Regional Vp Customer Acct Mgt) $191,119 $0 $36,633
Charles Laclair (Executive Director, Finance) $149,707 $0 $19,184
Christine Pappas (Director, Marketing) $147,674 $0 $24,414
Charles H Bracken Jr (Director (Thru 2/17)) $15,000 $0 $0
Christopher D Murtaugh (Chair (Thru 2/17)) $14,250 $0 $0
Patricia Pulido Sanchez (Director (Thru 2/17)) $14,000 $0 $0
Richard D Mchugh Md (Director) $13,500 $0 $0
Patricia Abrego Santucci (Vice Chair (Eff 3/17)) $13,500 $0 $0
Michael H Jones (Chair(thru 2/17)dir (Eff 3/17)) $12,750 $0 $0
Donald J Mcgraw Md (Director (Thru 2/17)) $12,750 $0 $0
Alan J Dean (Director (Thru 1/17)) $11,250 $0 $0
Sunny Chico (Director) $9,250 $0 $0
Matthew Suhey (Director (Thru 2/17)) $4,750 $0 $0
Jack Bryan (Ex Officio Non Voting Director) $0 $0 $0
Robert Cole (Chair (Eff 3/17)) $0 $21,500 $0
J Daniel Connor (Director (3/17 Thru 5/17)) $0 $834,094 $40,083
John Lewis (Director (Eff 3/17)) $0 $47,250 $0
James Schraith (Director (Eff 3/17)) $0 $21,500 $0
Paul Stander Md (Secy/Treas (Eff 3/17)) $0 $17,500 $0
David Green (Director (Eff 5/17)) $0 $514,557 $31,561

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,387,790
Expenses
$2,613,490
Net Income
-$1,225,700
Net Assets
-$62,406,558
Notable Sources of Revenue Percent of Total Revenue
Contributions $912,554
65.8%
Program Services $201,172
14.5%
Investment Income $270,943
19.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $3,121
0.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,601,279
61.3%
Professional Fundraising Fees $0
Other Salaries and Wages $10,490,488
> 100%
Assets/Debt
Total Assets $19,459,803
Total Liabilities $81,866,361
Net Assets -$62,406,558
Compensation
Key Employees and Officers Compensation Related Other
James P Covert (President & Ceo) $618,396 $0 $168,793
Mark J Giaquinto (Secretary/Treasurer) $347,462 $0 $88,256
Diane Merkt (Chief Admin & Compliance Ofr) $281,622 $0 $71,452
Roxanne Tata (Vice President) $253,115 $0 $94,427
Eric Schulties (Vice President) $241,972 $0 $57,437
James Fitzgerald (Chief Operating Officer) $169,299 $0 -$3,224
Charles Laclair (Executive Director, Finance) $152,056 $0 $16,416
Christine Pappas (Director, Marketing) $138,775 $0 $26,385
Kent Oestreich (Regional Vp Customer Acct Mgt) $125,908 $58,663 $29,327
Christopher D Murtaugh (Chair) $23,000 $0 $0
Charles H Bracken Jr (Director) $21,500 $4,500 $0
Richard D Mchugh Md (Director) $18,000 $0 $0
Patricia Pulido Sanchez (Director) $18,000 $0 $0
Sunny Chico (Director) $17,000 $0 $0
Patricia Abrego Santucci (Director) $17,000 $0 $0
Alan J Dean (Director) $15,000 $4,500 $0
Twyla L Johnson (Director (Through 04/16)) $15,000 $0 $0
Michael H Jones (Vice Chairman) $14,000 $0 $0
Donald J Mcgraw Md (Director) $14,000 $0 $0
Richard Stover (Vice Chair(thru 9/15)/Director) $12,000 $5,750 $0
Jack Bryan (Director) $0 $0 $0
Matthew Suhey (Director (Effective 06/16)) $0 $8,250 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,754,800
Expenses
$2,770,949
Net Income
-$1,016,149
Net Assets
-$56,136,651
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,279,599
72.9%
Program Services $342,230
19.5%
Investment Income $133,404
7.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$433
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $2,220,114
80.1%
Professional Fundraising Fees $0
Other Salaries and Wages $9,902,087
> 100%
Assets/Debt
Total Assets $25,470,622
Total Liabilities $81,607,273
Net Assets -$56,136,651
Compensation
Key Employees and Officers Compensation Related Other
James P Covert (President & Ceo) $788,353 $0 $205,814
James Fitzgerald (Chief Operating Officer) $472,774 $0 $64,779
Mark J Giaquinto (Secretary/Treasurer) $411,478 $0 $98,050
David Berry (Vice President) $363,865 $0 $24,795
Diane Merkt (Chief Admin & Compliance Ofr) $335,509 $0 $84,480
Roxanne Tata (Vice President) $289,029 $0 $113,952
Eric Schulties (Vice President) $278,214 $0 $73,771
Kent Oestreich (Regional Vp Customer Acct Mgt) $176,175 $0 $30,444
Charles Laclair (Executive Director, Finance) $145,428 $0 $15,548
Christopher D Murtaugh (Chair (Effective 10/14)) $23,500 $0 $0
Charles H Bracken Jr (Chair(through 10/14)/Director) $23,500 $3,000 $0
Sunny Chico (Director) $21,000 $0 $0
Richard D Mchugh Md (Director) $19,500 $0 $0
Patricia Pulido Sanchez (Director) $19,500 $0 $0
Alan J Dean (Director) $19,000 $1,500 $0
Patricia Abrego Santucci (Director) $17,750 $0 $0
Richard Stover (Director) $17,500 $1,500 $0
Michael H Jones (Vice Chairman) $14,500 $0 $0
Donald J Mcgraw Md (Director) $14,000 $0 $0
Twyla L Johnson (Director) $13,500 $0 $0
James R Berry (Director (Through 10/14)) $3,000 $0 $0
Jack Bryan (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,786,326
Expenses
$3,370,881
Net Income
-$1,584,555
Net Assets
-$55,418,953
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,457,002
81.6%
Program Services $315,852
17.7%
Investment Income $14,157
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$685
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,688,154
50.1%
Professional Fundraising Fees $0
Other Salaries and Wages $12,466,660
> 100%
Assets/Debt
Total Assets $23,996,491
Total Liabilities $79,415,444
Net Assets -$55,418,953
Compensation
Key Employees and Officers Compensation Related Other
James P Covert (President & Ceo) $517,914 $0 $75,703
James Fitzgerald (Chief Operating Officer) $326,886 $0 $50,800
Mark J Giaquinto (Secretary/Treasurer) $302,293 $0 $50,450
Diane Merkt (Chief Admin & Compliance Ofr) $239,061 $0 $35,252
David Berry (Vice President) $217,771 $0 $33,694
Roxanne Tata (Vice President) $207,269 $0 $35,035
Eric Schulties (Vice President) $204,391 $0 $29,498
Kent Oestreich (Regional Vp Customer Acct Mgt) $162,680 $0 $23,420
Charles Laclair (Executive Director, Finance) $133,983 $0 $13,104
Charles H Bracken Jr (Chairman) $33,250 $0 $0
Richard Stover (Director) $32,250 $0 $0
Alan J Dean (Director) $28,750 $0 $0
Sunny Chico (Director) $22,250 $0 $0
Christopher D Murtaugh (Director) $21,750 $0 $0
Patricia Pulido Sanchez (Director) $21,750 $0 $0
Richard D Mchugh Md (Director) $20,250 $0 $0
Donald J Mcgraw Md (Director) $19,250 $0 $0
Pat Laughlin (Director (Through 06/19/14)) $16,750 $0 $0
Matthew Suhey (Director (Through 10/13)) $15,250 $0 $0
Michael H Jones (Vice Chairman) $14,750 $0 $0
Patricia Abrego Santucci (Director) $13,750 $0 $0
Twyla L Johnson (Director) $12,750 $0 $0
Kathy L Mayle Towns Bsnmnedmba (Director (Through 10/13)) $11,750 $0 $0
James R Berry (Director) $10,000 $0 $0
Robert E Carden Phd (Director (Through 02/14)) $7,500 $893,320 $1,240

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,471,218
Expenses
$2,877,157
Net Income
-$1,405,939
Net Assets
-$48,151,376
Notable Sources of Revenue Percent of Total Revenue
Contributions $800,120
54.4%
Program Services $632,606
43.0%
Investment Income $41,744
2.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$3,252
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $2,478,655
86.1%
Professional Fundraising Fees $0
Other Salaries and Wages $8,911,100
> 100%
Assets/Debt
Total Assets $24,948,337
Total Liabilities $73,099,713
Net Assets -$48,151,376

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$644,987
Expenses
$520,202
Net Income
$124,785
Net Assets
-$18,101,076
Notable Sources of Revenue Percent of Total Revenue
Contributions $585,423
90.8%
Program Services $0
Investment Income $17,422
2.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$2,658
Net Inventory Sales $0
Other Revenue $44,800
6.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,525,943
> 100%
Professional Fundraising Fees $0
Other Salaries and Wages $10,380,054
> 100%
Assets/Debt
Total Assets $32,269,102
Total Liabilities $50,370,178
Net Assets -$18,101,076

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$440,036
Expenses
$628,049
Net Income
-$188,013
Net Assets
-$9,619,863
Notable Sources of Revenue Percent of Total Revenue
Contributions $355,416
80.8%
Program Services $0
Investment Income $36,261
8.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$1,720
Net Inventory Sales $0
Other Revenue $50,079
11.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,364,115
> 100%
Professional Fundraising Fees $0
Other Salaries and Wages $11,238,581
> 100%
Assets/Debt
Total Assets $29,117,389
Total Liabilities $38,737,252
Net Assets -$9,619,863

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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