Your donation attempt encountered a problem. Please refresh the page to try again.
You're faster than our page! Give the page a little longer to finish loading and try your donation again.
310 E 67TH ST
New York NY 10065-6275
New York NY | IRS ruling year: 1961 | EIN: 13-1949477
AS ONE OF THE MOST PREEMINENT AND COMPREHENSIVE BLOOD CENTERS IN THE WORLD, NYBC OPERATES UNDER A FOUR PART MISSION. FOR MORE INFORMATION, SEE SCH. O AND PART III, 4 ... (More)
AS ONE OF THE MOST PREEMINENT AND COMPREHENSIVE BLOOD CENTERS IN THE WORLD, NYBC OPERATES UNDER A FOUR PART MISSION. FOR MORE INFORMATION, SEE SCH. O AND PART III, 4A-C. (Less)
Great
This charity's score is 100%, earning it a Four-Star rating. If this organization aligns with your passions and values, you can give with confidence.
This overall score is calculated from multiple beacon scores: 90% Accountability & Finance, 10% Leadership & Adaptability. Learn more about our criteria and methodology.
We recognize that not all metrics and beacons equally predict a charity’s success. The percentage each beacon contributes to the organization’s overall rating depends on the number of beacons an organization has earned.
Use the tool below to select different beacons to see how the weighting shifts when only one, two, or three beacons are earned.
Rating histories are available for a growing number of rated organizations. Check back later to see if this organization has a rating history!
The IRS is significantly delayed in processing nonprofits' annual tax filings (Forms 990). As a result, the Accountability & Finance score for New York Blood Center Inc. is outdated and the overall rating may not be representative of its current operations. Please check with the charity directly for any questions you may have.
New York Blood Center Inc. has earned a 100% for the Accountability & Finance beacon. See the metrics below for more information.
This beacon provides an assessment of a charity's financial health (financial efficiency, sustainability, and trustworthiness) and its commitment to governance practices and policies.
This Accountability & Finance score represents IRS Form 990 data up until FY 2020, which is the most recent Form 990 currently available to us.
Learn more
Full Credit
Partial Credit
No Credit
Not ApplicableBoard Composition - 18/19 - 25/25 ptsBoard Composition - 18/19 - 25/25 pts
Charity Navigator looks for at least 3 board members, with more than 50% of those members identified as independent (not salaried).
The presence of an independent governing body is strongly recommended by many industry professionals to allow for full deliberation and diversity of thinking on governance and other organizational matters.
Source: IRS Form 990
Independent Audit or Financial Review - Audited - 20/20 ptsIndependent Audit or Financial Review - Audited - 20/20 pts
An Audit, Review, or Compilation provides important information about financial accountability and accuracy. Organizations are scored based on their Total Revenue Amount:
| Total Revenue Amount | Expectation to Receive Credit |
|---|---|
| $1 million or higher | Expected to complete an audit |
| $500,000 - $1 million | Expected to complete an audit, review, or compilation |
| Less than $500,000 | No expectation (removed from scoring methodology) |
Source: IRS Form 990
Conflict of Interest Policy - Listed - 3/3 ptsConflict of Interest Policy - Listed - 3/3 pts
Charity Navigator looks for the existence of a conflict of interest policy on the Form 990 as an accountability and transparency measure.
This policy protects the organization and by extension those it serves, when it is considering entering into a transaction that may benefit the private interest of an officer, director and/or key employee of the organization.
Source: IRS Form 990
Board Meeting Minutes - Documented - 3/3 ptsBoard Meeting Minutes - Documented - 3/3 pts
Charity Navigator looks to confirm on the Form 990 that the organization has this process in place as an accountability and transparency measure.
An official record of the events that take place during a board meeting ensures that a contemporaneous document exists for future reference.
Source: IRS Form 990
Document Retention and Destruction - Listed - 3/3 ptsDocument Retention and Destruction - Listed - 3/3 pts
Charity Navigator looks for the existence of a document retention and destruction policy per the Form 990 as an accountability and transparency measure.
This policy establishes guidelines for the handling, backing up, archiving and destruction of documents. These guidelines foster good record keeping procedures that promote data integrity.
Source: IRS Form 990
Whistleblower Policy - Listed - 3/3 ptsWhistleblower Policy - Listed - 3/3 pts
Charity Navigator looks for the existence of a whistleblower policy per the Form 990 as an accountability and transparency measure.
This policy outlines procedures for handling employee complaints, as well as a confidential way for employees to report financial or other types of mismanagement.
Source: IRS Form 990
Website - Listed - 3/3 ptsWebsite - Listed - 3/3 pts
Charity Navigator looks for a website on the Form 990 as an accountability and transparency metric.
Nonprofits act in the public trust and reporting publicly on activities is an important component.
Source: IRS Form 990
Full CreditPartial CreditNo CreditNot ApplicableLiabilities to Assets Ratio - 17.73% - 15/15 ptsLiabilities to Assets Ratio - 17.73% - 15/15 pts
The Liabilities to Assets Ratio is determined by Total Liabilities divided by Total Assets (most recent 990). This ratio is an indicator of an organization’s solvency and/or long-term sustainability.
| Liabilities to Assets Ratio | Amount of Credit Received |
|---|---|
| Less than 50% | Full Credit |
| 50% - 59.9% | Partial Credit |
| 60% or more | No Credit |
Source: IRS Form 990
Program Expense Ratio - 90.41% - 25/25 ptsProgram Expense Ratio - 90.41% - 25/25 pts
The Program Expense Ratio is determined by Program Expenses divided by Total Expense (average of most recent three 990s). This measure reflects the percent of its total expenses a charity spends on the programs and services it exists to deliver.
| Program Expense Percentage | Amount of Credit Received |
|---|---|
| 70% or higher | Full Credit |
| 60% - 69.9% | Partial Credit |
| 50% - 59.9% | Zero Points for Program Expense Score |
| Below 50% | Zero Points for Both Program Expense AND Liabilities to Assets Scores |
Source: IRS Form 990
This chart displays the trend of revenue and expenses over the past several years for this organization, as reported on their IRS Form 990.
Presented here are up to five of this organization's highest compensated employees. This compensation data includes salary, cash bonuses, and expense accounts and is displayed exactly how it is reported to the IRS. The amounts do not include nontaxable benefits, deferred compensation, or other amounts not reported on Form W-2. In some cases, these amounts may include compensation from related organizations. Read the IRS policies for compensation reporting
Source: IRS Form 990 (page 7), filing year 2020
Below are some key data points from the Exempt Organization IRS Business Master File (BMF) for this organization. Learn more about the BMF on the IRS website
Activities:
Scientific research (diseases) (BMF activity code: 161)
Contact or sponsored scientific research for industry (BMF activity code: 180)
Other school related activities (BMF activity code: 059)
Foundation Status:
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi) (BMF foundation code: 15)
Affiliation:
Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations). (BMF affiliation code: 3)
The Form 990 is a document that nonprofit organizations file with the IRS annually. We leverage finance and accountability data from it to form Encompass ratings. Click here to search for this organization's Forms 990 on the IRS website (if any are available). Simply enter the organization's name (New York Blood Center Inc.) or EIN (131949477) in the 'Search Term' field.
This organization was impacted by COVID-19 in a way that effected their financial health in 2020. This normally would have reduced their star rating. Due to the unprecedented nature of the pandemic, we give charities such as this one the opportunity to share the story of COVID's impact on them, and doing this pauses our revision of their rating. Charities may submit their own pandemic responses through their nonprofit portal.
New York Blood Center Inc. reported being impacted by COVID-19 in the following ways:
Program Delivery
Fundraising Capacity
Revenue
Staffing
Administrative Capacity
Balance Sheet
How COVID-19 impacted the organization's operations financially:
New York Blood Center faced major challenges to maintain blood inventory and blood products consistent with our hospital client's needs as 75% percent of blood donations in the NY region are sourced from mobile blood drives hosted by schools, organizations, and businesses. As various communities, schools and businesses began taking precautions in response to the COVID-19 outbreak, NYBCe received notification of canceled blood drives, while proactively canceling drives for all of April and most in May, which naturally posed a significant threat to the blood supply. Because blood is perishable and the supply must constantly be replenished, it remains a critical component of emergency preparedness. The pandemic had a significant financial impact at a moment when its services could not be more crucial. NYBCe stretched its resources with increased and new costs in lab equipment, cleaning and disinfecting supplies, personal protective equipment, and donor recruitment outreach.
How COVID-19 impacted the organization's delivery of programs:
NYBCe had taken measures to protect its mobile staff to ensure that they continue to serve its stakeholders during the challenging COVID-19 outbreak. The safety and well-being of its staff and donors continued to be paramount during the "reopen" period, so NYBCe initiated an inter-departmental task force to plan for continuing operations while addressing safety across all operational areas: Blood collection sites: Blood donations were limited to brick-and-mortar donor centers; mobile drives were canceled. Donations by appointment only to maintain social distancing. Manufacturing, Distribution, and Laboratory sites: Staggered shifts for social distancing Suspension of non-critical on-site projects Issuing NYBC credentials affirming essential worker status Updating SOPs to include new government mandates and industry guidelines
How this organization adapted to changing conditions caused by COVID-19:
In NYBCe's initial weeks of stabilization, significant efforts were made organization-wide to ensure the safety of staff, donors, and blood supply which included the following: Encouraging everyone to follow standard guidelines for infection control Communicating internally and externally about the importance of healthy donors scheduling donation appointments. Engaging with media to encourage people to continue donating and to reassure them that donating blood is safe. Encouraging our hospital clients to leverage their existing blood inventory and make adjustments to their standing orders to contribute to helping the center maintain a safe level over the next few months. All Staff and Corporate Offices: Work from home for all non-essential staff Suspension of all business travel Re-evaluation of benefits, i.e. unused mass transit and childcare expense accounts Collaboration with unions to ensure compliance with agreements and update where appropriate
Innovations the organization intends to continue permanently after the pandemic:
Strong leadership, unity, and dedication, and expertise of our workforce has been critical to maintaining the quality, consistency, and morale of the organization. NYBCe's research include years of work in virology, and immunology, as well as test and device development, positioning us to offer major and rapid contributions to the fight against COVID-19. NYBCe strategically found ways to continue operations under new restrictions and pivot our expertise and resources to areas of urgent need. NYBCe leveraged existing partnerships working together in the development of the use of convalescent plasma for critically ill COVID-19 patients, as well as major government agencies and research organizations to develop vaccine candidates, antibody testing and research, and a new research endeavor strengthening understanding of the disease. Leverage existing relationships with vendors and key customers to keep costs at a minimum and make use of new/enhanced support resources.
Not Currently Scored
New York Blood Center Inc. cannot currently be evaluated by our Impact & Results methodology because either (A) it is eligible, but we have not yet received data; (B) we have not yet developed an algorithm to estimate its programmatic impact; (C) its programs are not direct services; or (D) it is not heavily reliant on contributions from individual donors.
Note: The absence of a score does not indicate a positive or negative assessment, it only indicates that we have not yet evaluated the organization.
Learn More
New York Blood Center Inc. reported its three largest programs on its FY 2020 Form 990 as:
Spent in most recent FY
Percent of program expenses
BLOOD SERVICES: THE COLLECTION AND PROCESSING OF BLOOD PRODUCTS, TESTING OF BLOOD SAMPLES AND THE DISTRIBUTION OF THESE PRODUCTS TO HOSPITALS IN THE GREATER NY AREA FOR TRANSFUSIONS TO PATIENTS.
Spent in most recent FY
Percent of program expenses
MEDICAL PROGRAMS: PROGRAMS INCLUDE (1) CLINICAL SERVICES (INCLUDING TRANSFUSION THERAPY SERVICES); (2) BONE MARROW PROGRAM; AND (3) HEMOPHILIA SERVICES CONSORTIUM. NATIONAL CORD BLOOD PROGRAM: THE COL ... (More)
MEDICAL PROGRAMS: PROGRAMS INCLUDE (1) CLINICAL SERVICES (INCLUDING TRANSFUSION THERAPY SERVICES); (2) BONE MARROW PROGRAM; AND (3) HEMOPHILIA SERVICES CONSORTIUM. NATIONAL CORD BLOOD PROGRAM: THE COLLECTION, PROCESSING AND STORAGE OF CORD BLOOD UNITS AND (Less)
Spent in most recent FY
Percent of program expenses
RESEARCH PROGRAM: THE NEW YORK BLOOD CENTER OPERATES A WIDE-RANGING PROGRAM OF RESEARCH INTO THE PROPERTIES OF BLOOD AND BLOOD RELATED DISEASES.
New York Blood Center Inc. cannot currently be evaluated by our Culture & Community methodology because we have not received data from the charity regarding its Constituent Feedback or Equity Practices strategies.
Note: The absence of a score does not indicate a positive or negative assessment, it only indicates that we have not yet evaluated the organization.
Learn More
New York Blood Center Inc. has earned a 100% for the Leadership & Adaptability beacon. See the metrics below for more information.
This beacon provides an assessment of the organization's leadership capacity, strategic thinking and planning, and ability to innovate or respond to changes in constituent demand/need or other relevant social and economic conditions to achieve the organization's mission.
Learn more
Full CreditPartial CreditNo CreditNot ApplicableMission - 10/10 ptsMission - 10/10 pts
The nonprofit organization presents evidence of strategic thinking through articulating the organization's mission
AS ONE OF THE MOST PREEMINENT AND COMPREHENSIVE BLOOD CENTERS IN THE WORLD, NYBC OPERATES UNDER A FOUR PART MISSION. FOR MORE INFORMATION, SEE SCH. O AND PART III, 4A-C.
Vision - 10/10 ptsVision - 10/10 pts
The nonprofit organization presents evidence of strategic thinking through articulating the organization’s vision.
As one of the most preeminent and comprehensive blood centers in the world, New York Blood Center operates under a four-part mission. Specifically, NYBC exists: To provide the highest quality blood and stem cell products and related medical and consultative services to hospitals and patients primarily in the greater New York metropolitan area To conduct the highest quality, novel and innovative research in the fields of hematology, blood banking and transfusion medicine, and cellular therapies, thus advancing these fields and positively impacting the public health To develop products, technologies, and services in the fields of hematology, blood banking, and transfusion medicine and cellular therapies, with the potential to have worldwide humanitarian impact To train the next generation of leaders in each of these fields
Source: Nonprofit submitted responses
Goals - 20/20 ptsGoals - 20/20 pts
The nonprofit organization presents evidence of strategic thinking and goal setting through sharing their most important strategic goals.
Goal One: To reach a stable blood inventory collection levels of 3-5 days
Goal Type: Focus on core programs to achieve mission and scale back on programs not seen as core.
Goal Two: To increase the level of community blood drives back to normal levels, NYBC is still 25% below pre-pandemic levels
Goal Type: New program(s) based on observed changes in needs among our constituencies/communities served.
Goal Three: To increase the visits of first-time blood donors which are still down 33% since the pandemic
Goal Type: Grow, expand, scale or increase access to the existing programs and services.
Leadership Development - 15/15 ptsLeadership Development - 15/15 pts
The nonprofit provides evidence of investment in leadership development
Over the past year, NYBC has been investing in further developing educational programs such as the High School Scholarship Program, the Bloodstock® Scholarship Program, and the Little Doctor’s Program®, which all share a common goal, to work with local youth to demonstrate the importance of volunteerism and community service. Additional programs that provide the national youth community with exposure to world-renown scientists and to a multitude of scientific careers, consist of internship opportunities for undergraduate and graduate medical students, and free accredited transfusion modules.
Mobilizing for Mission - 15/15 ptsMobilizing for Mission - 15/15 pts
The nonprofit provides evidence of leadership through focusing externally and mobilizing resources for the mission.
Strategic Partnerships
Networks of Collective Impact Efforts
Thought Leadership
Raising Awareness
Community Building
Policy Advocacy
Through NYBCe's talented and passionate force, NYBC works with millions of individuals, thousands of educational institutions, hundreds of religious institutions, and hundreds of corporate partners for the greater good, where ideas and actions have merged to create lasting, lifesaving collaborations. NYBCe works these organizations to run blood drives, many of which have not returned since the pandemic. The strength of our endeavors is directly connected to the power of these partnerships and are catalysts for innovation.
Adaptability Story - 30/30 ptsAdaptability Story - 30/30 pts
The nonprofit has an opportunity to tell the story of how the organization adapted to tremendous external changes in the last year.
NYBCe serves our changing community and therefore adjusts in many different areas of the organization. We look at staffing needs and how needs may be different. We are using a variety of communication channels to drive traffic. We partner with various communities to lend their voice in amplifying our message and mission. We adjust schedules, times of collections, and where and how people reach us. We look for additional funding opportunities, further research needs, and needs of staff. NYBCe is developing programs engaging youth in learning about blood, and careers in the field. We continue to create new programs and ideas on how to recruit blood donors.
Impact & Results
Accountability & Finance
Culture & Community
Leadership & Adaptability
The Giving Basket is having some issues. If you wish to donate, please refresh the page. If the problem persists contact us.
Cart ID: Not Assigned
The Giving Basket is having some issues. If you wish to donate, please refresh the page. If the problem persists contact us.
Cart ID: Not Assigned
