National Blood Foundation Research and Education Trust Fund

Nonprofit profile at a glance

EIN
522059102
IRS 990 coverage
2009–2022
Forms available
Form 990 2022
Location
Bethesda, MD, USA
Phone
3019076977
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Blood Supply Related

Reported finances

Revenue
$476,525
Expenses
$843,167
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • DEBRA BENAVRAM (CEO)

Highest reported compensation

  • DEBRA BENAVRAM (CEO): $681,424 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The nbfret's purposes are to engage in the following activities as a supporting organization of the american association of blood banks, a public 501(c)(3) charitable organization ("aabb"): (i) to fund research, education, and training in all aspects of blood banking; transfusion medicine; hematopoietic, cellular, and gene therapies; and tissue transplantation; (ii) to encourage the voluntary donation of blood and other tissues and organs through education, dissemination of public information and research; (iii) to encourage through research and education the most appropriate use of blood and blood derivatives; (iv) to improve the quality of transfusions by encouraging education and research regarding the appropriate means of ensuring the safest transfusions possible; and (v) to actively support research and education through its own programs and work with other organizations in areas of research and education in blood banking.

What it reported doing in 2022

In july of each year, a "request for proposals notice is issued for the scientific research grant program, in the fields of transfusion medicine, cellular therapies and patient blood management. Applications are accepted from july through december 1st. In october, the grant program is marketed during the aabb annual meeting and it offers cme credits for attendees to the grant recipients' lecture and luncheon where three prior grant recipients present their research. Based upon the research project areas submitted, the grant review committee chair develops the committee to ensure that the committee consists of the expertise needed to review the submitted research. The application review process begins at the first of the year.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 96% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 68
  • Accountability: 90
  • Sustainability: 6
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 92.4%; rating input score 92
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: 4 of 8 controls in place; rating input score 50
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Pass
    • Conducts field audits: Limited
    • May suspend future funding: Limited
    • Requires financial reports: Pass
    • Conducts site visits: Limited
    • Requires grant agreements: Pass
    • May require repayment: Limited
  • Grant itemization coverage: 100%; rating input score 100; 81st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -76.9%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 1.3%; rating input score 38; 38th percentile among comparable filings

Growth

  • Program expense growth: 6.6% per year; rating input score 100; 63rd percentile among comparable filings
  • Revenue growth: -4.4% per year; rating input score 0; 14th percentile among comparable filings
  • Asset growth: 1.2% per year; rating input score 100; 32nd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 92.4% of spending went to programs
  • Governance: 9 of 9 board members independent · 6 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $779K in reported program spending
  • Leadership: top reported pay $681K · 10 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 22 of 22 current checks pass
  • Schedules: 9 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 12 filing years from 2009 to 2022
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: 5 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Sustainability: Operating margin scored 3/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • Moderate — Sustainability: Officer compensation ratio scored 38/100.