Civic Intelligence

Biobridge Global

990 • Fiscal year 2014 • EIN 45-4765222

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 15, 2015

6211 Ih 10 WestSan Antonio, TX 78201

(210) 757-9505

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

28th percentile

0.11x

Higher debt load relative to assets than 28% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Liabilities / Revenue

40th percentile

0.31x

Higher debt load relative to revenue than 40% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Net Margin

53rd percentile

5.0%

Higher net margin than 53% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Top Officer Pay

85th percentile

$827,774

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Asset Growth

76th percentile

13%

Faster asset growth than 76% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Revenue Growth

99th percentile

409%

Faster revenue growth than 99% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Assets

Up

$54,308,482

Up $6,146,428 (+13%) from 2013

Net Assets

Up

$48,221,607

Up $2,309,593 (+5.0%) from 2013

Liabilities

Up

$6,086,875

Up $3,836,835 (+171%) from 2013

Revenue

Up

$19,589,293

Up $15,742,119 (+409%) from 2013

Expenses

Up

$18,608,805

Up $14,761,631 (+384%) from 2013

Net Income

Up

$980,488

Up $980,488 from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100M$50M$0Assets 2012: $1Liabilities 2012: $02012Assets 2013: $48,162,054Liabilities 2013: $2,250,040Net Assets 2013: $45,912,0142013Assets 2014: $54,308,482Liabilities 2014: $6,086,875Net Assets 2014: $48,221,6072014Assets 2015: $69,607,450Liabilities 2015: $21,793,253Net Assets 2015: $47,814,1972015Assets 2016: $73,077,554Liabilities 2016: $21,615,421Net Assets 2016: $51,462,1332016Assets 2017: $64,824,978Liabilities 2017: $8,213,716Net Assets 2017: $56,611,2622017Assets 2018: $58,953,278Liabilities 2018: $4,553,938Net Assets 2018: $54,399,3402018Assets 2019: $65,163,575Liabilities 2019: $6,907,477Net Assets 2019: $58,256,0982019Assets 2020: $70,894,449Liabilities 2020: $11,014,791Net Assets 2020: $59,879,6582020Assets 2021: $72,557,364Liabilities 2021: $8,813,774Net Assets 2021: $63,743,5902021Assets 2022: $69,766,084Liabilities 2022: $13,839,021Net Assets 2022: $55,927,0632022Assets 2023: $75,173,327Liabilities 2023: $21,269,815Net Assets 2023: $53,903,5122023Assets 2024: $83,238,285Liabilities 2024: $24,521,803Net Assets 2024: $58,716,4822024

Highlighted filing

2014

Assets$54,308,482
Liabilities$6,086,875
Net Assets$48,221,607

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0-$20MRevenue 2012: $0Expenses 2012: $0Net Income 2012: $02012Revenue 2013: $3,847,174Expenses 2013: $3,847,174Net Income 2013: $02013Revenue 2014: $19,589,293Expenses 2014: $18,608,805Net Income 2014: $980,4882014Revenue 2015: $20,919,597Expenses 2015: $19,725,803Net Income 2015: $1,193,7942015Revenue 2016: $24,623,181Expenses 2016: $20,909,979Net Income 2016: $3,713,2022016Revenue 2017: $26,025,499Expenses 2017: $20,637,028Net Income 2017: $5,388,4712017Revenue 2018: $29,878,904Expenses 2018: $22,541,414Net Income 2018: $7,337,4902018Revenue 2019: $27,210,328Expenses 2019: $27,068,715Net Income 2019: $141,6132019Revenue 2020: $30,301,028Expenses 2020: $30,935,950Net Income 2020: -$634,9222020Revenue 2021: $35,430,455Expenses 2021: $31,920,674Net Income 2021: $3,509,7812021Revenue 2022: $36,640,731Expenses 2022: $34,844,828Net Income 2022: $1,795,9032022Revenue 2023: $40,649,086Expenses 2023: $39,281,452Net Income 2023: $1,367,6342023Revenue 2024: $45,332,595Expenses 2024: $43,230,038Net Income 2024: $2,102,5572024

Highlighted filing

2014

Revenue$19,589,293
Expenses$18,608,805
Net Income$980,488
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 15, 2015
Return Version
2014v5.0
Gross Receipts
$19,633,166
Mission and Program Overview

Mission

Biobridge global is organized for the exclusive purpose of supporting, as the sole member, south texas blood & tissue center (stbtc), qualtex laboratories (qualtex), gencure, and the blood & tissue center foundation (the foundation) - (see schedule o).

Biobridge global is organized for the exclusive purpose of supporting, as the sole managing member, south texas blood & tissue center (stbtc), qualtex laboratories (see sch. O)

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$32,618,841$34,925,768▲ $2,306,927
Savings and Temporary Cash Investments$9,326,578$9,327,564▲ $986
Land, Buildings, and Equipment, Net$3,929,347$6,042,702▲ $2,113,355
Cash and Non-Interest-Bearing Accounts$331,995$2,842,858▲ $2,510,863
Prepaid Expenses and Deferred Charges$653,373$762,727▲ $109,354
Other Notes and Loans Receivable, Net$0$56,863▲ $56,863
Accounts Receivable$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$48,162,054$54,308,482▲ $6,146,428
Other Assets Total$1,301,920$350,000▼ $951,920
Liabilities
Other Liabilities$0$3,573,192▲ $3,573,192
Accounts Payable and Accrued Expenses$2,250,040$2,513,683▲ $263,643
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$2,250,040$6,086,875▲ $3,836,835
Net Assets / Fund Balance
Unrestricted Net Assets$45,912,014$48,221,607▲ $2,309,593
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$45,912,014$48,221,607▲ $2,309,593
Total Liabilities and Net Assets / Fund Balance$48,162,054$54,308,482▲ $6,146,428

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,139,087$9,270,664$14,409,751
Other Land Buildings$288,666$1,678,017$1,966,683
Leasehold Improvements$614,949$505,064$1,120,013
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Linda Kay MyersEx-officio Director / CEOFT$349,520$365,754$715,274
Norman D KalminCEO Emeritus & Medical DirectorFT$300,719$160,482$461,201
Donna Marie RespondekExecutive VP/CFOFT$199,038$94,339$293,377
Rachel-louise BeddardMedical DirectorFT$200,593$74,426$275,019
Mark GagerVP of Strategy/technologyFT$160,222$85,362$245,584
Sandra Faye MunozEXEC. VP HR (Thru Feb/2014)FT$62,233$164,286$226,519
Sean ThompsonVP Business DevelopmentFT$141,277$49,014$190,291
Darrin C GannawayCIO (Thru April/2014)FT$75,025$98,691$173,716
Rebecca Ann MadereVP Human ResourcesFT$130,749$41,969$172,718
Carmen DavilaVP Corporate CommunicationsFT$101,283$57,394$158,677
Patricia CappelliVP Regulatory/Medical AffairsFT$95,715$15,708$111,423

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
The Hackett Group IncSAP Consulting SVSPO BOX 741197, Atlanta, GA 30374-1197$701,715
Strategy Management Institute LLCProfessional SVS225 80th St, Virginia Beach, VA 23451$556,435
The Kreager Law FirmLegal Services7373 Broadway 500, San Antonio, TX 78209$289,766
CDW Computer Centers IncSoftware/Equ. Maint.75 Remittance Dr Suite 1515, Chicago, IL 60675-1515$280,536
American Building MaintenanceBuilding MaintenancePO BOX 951864, Dallas, TX 75395-1864$239,056
Revenue and Support

Revenue Composition

Contributions and Grants
$3,824
Program Service Revenue
$18,583,132
Investment Income
$989,614
Other Revenue
$12,723
All Other Contributions
$3,075
Change in Net Assets
$980,488

Audited Revenue Reconciliation

Revenue per Audited Statements
$19,614,384
Revenue Not Reported on Financial Statements
$-25,091
Revenue Not Reported on Form 990
$1,329,105
Other Revenue Adjustments
$-25,091
Total Revenue per Audited Statements
$20,943,489
Total Revenue per Form 990
$19,589,293
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$12,222,485
Other Expenses$6,386,320
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$8,237,575-$64,437$8,302,012
Occupancy$2,299,486--$2,299,486
Current Officers, Directors, Trustees, and Key Employees$1,944,639--$1,944,639
Other Employee Benefits$936,919-$3,793$940,712
Fees for Services Other$938,790--$938,790
Information Technology$893,753--$893,753
Depreciation Depletion$827,942--$827,942
Payroll Taxes$648,994-$4,739$653,733
Office Expenses$387,819--$387,819
Pension Plan Contributions$377,723-$3,666$381,389
Conferences and Meetings$165,052--$165,052
Travel$151,599--$151,599
Fees for Services Legal$140,648--$140,648
Advertising$132,878--$132,878
Other Expenses$67,120-$-76,635$67,120
Fees for Services Accounting$51,357--$51,357
Insurance$47,563--$47,563
All Other Expenses$38,369--$38,369
Total Functional Expenses$18,608,805$0$0$18,608,805

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$18,633,896
Expenses per Audited Statements$18,608,805
Total Expenses per Form 990$18,608,805
Expenses Not Reported on Form 990$25,091
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Intercompany Payable$3,573,192
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Line 9 - Mailing Address

Sandra munoz - 26014 choctaw trail, san antonio, tx 78260 darrin gannaway - 2706 wonderview dr, san antonio, tx 78230 norman d. Kalmin - 440 winfield glen court, atlanta, ga 30342

Part VI, Line 11B - Process to Review the Form 990

THE ORGANIZATION ENGAGES AN OUTSIDE ACCOUNTING FIRM TO PREPARE THE FORM 990. ONCE PREPARED, THE RETURN IS REVIEWED BY FINANCIAL MANAGEMENT STAFF PRIOR TO FILING THE RETURN. A copy of the Form 990 is provided to THE BOARD OF DIRECTORS PRIOR TO FILING.

Part VI, Line 12C - Compliance With Conflict of Interest Policy

A copy of the organization's conflict of interest policy is provided annually to all officers and board of directors. In addition, questionnaires are given out on an annual basis to all officers and board of directors which cover business and family relationships and various activities that have occurred over the course of the year. Every attempt is made to ensure that all forms are returned. Individuals who fail to return the requested forms or provide incomplete information are contacted by the organization.

Part VI, Line 15A - Review of Ceo/top Mgmt Official Compensation

Upon hire BIOBRIDGE GLOBAL RELIED UPON AN INDEPENDENT COMPENSATION REPORT FROM A NATIONAL COMPENSATION CONSULTING FIRM. THE REPORT STUDIED COMPARABLE ORGANIZATIONS AND PROVIDED DETAILED APPENDICES OF COMPARABLE ORGANIZATIONS' COMPENSATION OF CEO'S IN SUPPORT OF THEIR ANALYSIS. THE INDEPENDENT CONSULTANT'S REPORT IS REVIEWED BY THE COMPENSATION COMMITTEE OF THE ORGANIZATION'S BOARD OF DIRECTORS AND SUBMITTED TO THE BOARD FOR APPROVAL. The CEO's compensation is evaluated annually by the board's compensation committee.

PART VI, LINE 15B - REVIEW OF OTHER OFFICER'S COMPENSATION

Biobridge global obtained a compensation report from an independent compensation consulting firm. Their review is based on compensation surveys, compensation packages offered by similar organizations in our peer group, and market competitive analyses.

Part VI, Question 11A - Form 990 Provided to Governing Board

THE FORM 990 IS DISTRIBUTED TO THE ENTIRE BOARD OF DIRECTORS prior to filing the return.

Part VI,Question 16B-Policy to evaluate arrangements with taxable entities

The organization has not established written procedures but is committed to ensuring that any arrangements entered into safeguard the organization's exempt status. TelaBio Net, LLC is made up of members all of whom are exempt organization's within the meaning of Section 501(c)(3) of the Internal Revenue Code of 1986, as amended. TelaBio Net uses its best efforts to assure that any actions taken will not cause a loss of exempt status of any of its members.

Part VI, Line 19 - How Documents Are Made Available to Public

UPON REQUEST.

Part VI, Line 1B - VOTING MEMBER OF THE BOARD OF DIRECTORS NOT INDEPENDENT

One member of the board of directors is not deemed independent because she received compensation as an officer of the organization.

Part VIII, Line 2A - Form 990 Statement of Revenue

BIOBRIDGE Global's REVENUES ARE DERIVED FROM THE SUPPORT AND ADMINISTRATIVE SERVICES PROVIDED TO ITS RELATED ORGANIZATIONS.

Filing and Contact Details

Filer

Filer Name
Biobridge Global
EIN
45-4765222
In Care Of
% BENJAMIN LOPEZ
Phone
2107579505
Address
6211 IH 10 WEST, SAN ANTONIO, TX 78201

Signing Officer

Name
Donna Respondek
Title
Executive VP/CFO
Phone
2107579505
Signed
2015-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Linda K Myers
Formed
2012
Legal Domicile
TX
Voting Board Members
11
Independent Board Members
10
Employees
171
Volunteers
13

Preparer

Firm
Bkd Llp
Address
10001 REUNION PLACE SUITE 400, SAN ANTONIO, TX 78216-4137
Preparer
John R Bruce CPA
Phone
2103419400
Supplemental Narrative

Additional Explanations

PART I, LINE 1 - ORGANIZATION'S MISSION

BIOBRIDGE GLOBAL (BBG) IS ORGANIZED FOR THE EXCLUSIVE PURPOSE OF SUPPORTING, AS THE SOLE MEMBER, SOUTH TEXAS BLOOD & TISSUE CENTER (STBTC), QUALTEX LABORATORIES (QUALTEX), GENCURE, AND THE BLOOD & TISSUE Center FOUNDATION (THE FOUNDATION) BY PROVIDING SUPPORT AND ADMINISTRATIVE FUNCTIONS THAT PROMOTE AND SUPPORT THE CHARITABLE MISSION AND PURPOSES OF STBTC, QUALTEX, GENCURE, AND THE FOUNDATION (EACH OF WHICH IS A 501(C)(3) ORGANIZATION).

Financial Statement Notes

Schedule D, Part X, Question 2 - Asc 740 Footnote

Management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.

Schedule D, Part XI, Line 4B- Amounts Included on Form 990, not on line 1

Rental Expenses <$25,091>

Schedule D, Part XII, Line 2D- Amounts included in Line 1, not on Form 990

Rental Expenses $25,091

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IRS990/Form990PartVIISectionAGrp/TitleTxt0EX-OFFICIO DIRECTOR / CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11CEO EMERITUS & MEDICAL DIR.
IRS990/Form990PartVIISectionAGrp/TitleTxt12EXECUTIVE VP/CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt13EXEC. VP HR (Thru Feb/2014)
IRS990/Form990PartVIISectionAGrp/TitleTxt14VP OF STRATEGY/TECHNOLOGY
IRS990/Form990PartVIISectionAGrp/TitleTxt15CIO (Thru April/2014)
IRS990/Form990PartVIISectionAGrp/TitleTxt16MEDICAL DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17VP BUSINESS DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt18VP HUMAN RESOURCES
IRS990/Form990PartVIISectionAGrp/TitleTxt19VP CORPORATE COMMUNICATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt20VP Regulatory/Medical Affairs
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$83.2$24.5$58.7$45.3$43.2$2.10
2023Summary only. Only limited summary data is available for this year.$75.2$21.3$53.9$40.6$39.3$1.37
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$69.8$13.8$55.9$36.6$34.8$1.80
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$72.6$8.81$63.7$35.4$31.9$3.51
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$70.9$11.0$59.9$30.3$30.9$0.63
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$65.2$6.91$58.3$27.2$27.1$0.14
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$59.0$4.55$54.4$29.9$22.5$7.34
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$64.8$8.21$56.6$26.0$20.6$5.39
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$73.1$21.6$51.5$24.6$20.9$3.71
2015Detailed filing. Detailed filing data is available for this year.$69.6$21.8$47.8$20.9$19.7$1.19
2014Detailed filing. Detailed filing data is available for this year.$54.3$6.09$48.2$19.6$18.6$0.98
2013Summary only. Only limited summary data is available for this year.$48.2$2.25$45.9$3.85$3.85$0.00
2012Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2014 filings • 501(c)3 • $50M-$100M nonprofits