Civic Intelligence

Biobridge Global

990 • Fiscal year 2017 • EIN 45-4765222

Jan 01, 2017 to Dec 31, 2017 • Filed on May 15, 2018

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

31st percentile

0.13x

Higher debt load relative to assets than 31% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Liabilities / Revenue

43rd percentile

0.32x

Higher debt load relative to revenue than 43% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Net Margin

79th percentile

21%

Higher net margin than 79% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Top Officer Pay

76th percentile

$603,950

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Asset Growth

5th percentile

-11%

Faster asset growth than 5% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Revenue Growth

52nd percentile

5.7%

Faster revenue growth than 52% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Assets

Down

$64,824,978

Down $8,252,576 (-11%) from 2016

Net Assets

Up

$56,611,262

Up $5,149,129 (+10%) from 2016

Liabilities

Down

$8,213,716

Down $13,401,705 (-62%) from 2016

Revenue

Up

$26,025,499

Up $1,402,318 (+5.7%) from 2016

Expenses

Down

$20,637,028

Down $272,951 (-1.3%) from 2016

Net Income

Up

$5,388,471

Up $1,675,269 (+45%) from 2016

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

2017

Assets$64,824,978
Liabilities$8,213,716
Net Assets$56,611,262

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

2017

Revenue$26,025,499
Expenses$20,637,028
Net Income$5,388,471
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 15, 2018
Return Version
2017v2.3
Gross Receipts
$32,262,127
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(bbg) is organized for the exclusive purpose of supporting, as the sole member, south texas blood & tissue center (stbtc), qualtex laboratories (see sch. O)

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$57,783,437$55,220,403▼ $2,563,034
Land, Buildings, and Equipment, Net$8,417,132$7,652,784▼ $764,348
Prepaid Expenses and Deferred Charges$1,198,457$1,027,208▼ $171,249
Investments Program Related$350,000$350,000→ $0
Savings and Temporary Cash Investments$559,653$231,623▼ $328,030
Other Notes and Loans Receivable, Net$172,099$213,135▲ $41,036
Accounts Receivable$3,515,862$79,528▼ $3,436,334
Cash and Non-Interest-Bearing Accounts$1,080,914$50,297▼ $1,030,617
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
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$73,077,554$64,824,978▼ $8,252,576
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$18,732,255$5,911,102▼ $12,821,153
Accounts Payable and Accrued Expenses$2,883,166$2,075,474▼ $807,692
Mortgage Notes Payable Secured by Investment Property$0$227,140▲ $227,140
Grants Payable$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$21,615,421$8,213,716▼ $13,401,705
Net Assets / Fund Balance
Unrestricted Net Assets$51,462,133$56,611,262▲ $5,149,129
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$51,462,133$56,611,262▲ $5,149,129
Total Liabilities and Net Assets / Fund Balance$73,077,554$64,824,978▼ $8,252,576

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,686,947$11,755,195$18,442,142
Other Land Buildings$389,947$1,732,588$2,122,535
Leasehold Improvements$575,890$656,186$1,232,076
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Linda Kay MyersFormer Dir/CEO (thru 12/2016)-$27,737$576,213$603,950
Martin J LandonEx-officio Dir/CEOFT$489,140$34,348$523,488
Rachel-louise BeddardMedical DirectorFT$244,167$57,785$301,952
Donna RespondekEvp/CFO (thru 06/2017)FT$144,687$142,571$287,258
John F Barnes IvVP Human ResourcesFT$189,301$35,664$224,965
Thomas Scott JonesVP Scientific AffairsFT$183,971$33,861$217,832
Donald YorkVP Information TechnologyFT$200,430$14,961$215,391
Thomas William JohnsonVP SalesFT$167,623$26,986$194,609
Richard JuarezExec. Dir., Project Perf MgmFT$160,737$26,246$186,983
John William YoungdaulSenior Director Financial PlanningFT$161,767$11,026$172,793
Samantha Gomez NgamsuntikulAssociate Medical DirectorPT$65,321$10,801$76,122
Glenn KuesSVP/CFO (eff. 12/2017)FT$11,031-$11,031

Board Members and Trustees

NameTitle
Michael KreagerChair/general Counsel
Michael D BeldonVice Chair
Blanca C Molina MdDirector
Charles J Lerner Md FsheaDirector
Kenneth Ken GindyDirector
Kenneth P Trevett JdDirector
Randi Brosterman HutchensDirector
Steven R BrookDirector
Gabriele Niederauer PhdDirector (eff. 04/2017)
Elizabeth WaltmanCOO Blood Operations
Becky CapCOO Gencure
Edward Carter IiiCOO Qualtex
John FeikSecretary
Darryl G Waldron PhdTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Mavagi EnterprisesJanitorial5726 WEST HAUSMAN RD STE 115B, San Antonio, TX 78249$292,500
Gartner INCConsulting12651 GATEWAY BLVD, Ft Myers, FL 33913$152,485
Cdw Computer Centers INCEquip & Software R&m75 REMITTANCE DR SUITE 1515, Chicago, IL 60675-1515$148,640
Service Mechanical Group LLCEquip & Bldg R&m11011 WYE ST, San Antonio, TX 78217$136,513
Cisco Systems Capital CorporationEquip Maintenance170 WEST TASMAN DRIVE, San Jose, CA 95134$107,402
Revenue and Support

Revenue Composition

Contributions and Grants
$250
Program Service Revenue
$20,653,131
Investment Income
$5,388,471
Other Revenue
$-16,353
Change in Net Assets
$5,388,471

Audited Revenue Reconciliation

Revenue per Audited Statements
$26,311,401
Revenue Not Reported on Financial Statements
$-285,902
Revenue Not Reported on Form 990
$-239,342
Other Revenue Adjustments
$-285,902
Total Revenue per Audited Statements
$26,072,059
Total Revenue per Form 990
$26,025,499
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$13,643,192
Other Expenses$6,993,836
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$9,377,066-$162,530$9,539,596
Occupancy$2,281,074--$2,281,074
Current Officers, Directors, Trustees, and Key Employees$1,982,746--$1,982,746
Depreciation Depletion$1,777,339--$1,777,339
Information Technology$1,390,389--$1,390,389
Other Employee Benefits$1,015,013-$7,105$1,022,118
Payroll Taxes$766,575-$11,627$778,202
Fees for Services Other$395,534--$395,534
Pension Plan Contributions$317,580-$2,950$320,530
Office Expenses$302,173--$302,173
Advertising$251,832--$251,832
All Other Expenses$193,266--$193,266
Travel$111,336--$111,336
Other Expenses$284,747-$-184,212$0
Fees for Services Accounting$64,155--$64,155
Insurance$52,306--$52,306
Conferences and Meetings$38,017--$38,017
Fees for Services Legal$33,504--$33,504
Interest$2,376--$2,376
Total Functional Expenses$20,637,028$0$0$20,637,028

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$20,922,930
Expenses per Audited Statements$20,637,028
Total Expenses per Form 990$20,637,028
Expenses Not Reported on Form 990$285,902
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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$5,911,102
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

Form 990, Part VI, Section A, Line 1B - Voting Members of the

Board not independent: one member of the board of directors is not deemed independent because he received compensation as an officer of the organization. One officer of the board of directors is not deemed independent due to the receipt of payments for services rendered to an entity related to this officer. All transactions were conducted at arms-length.

FORM 990, PART VI, SECTION A, LINE 9 - MAILING ADDRESS:

Linda kay myers, 108 happy trail, shavano park, tx 78231 donna respondek, 9219 serene creek, san antonio, tx 78230 thomas william johnson, 13401 montview drive, austin, tx 78732

Form 990, Part VI, Section B, 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 executive committee of the board of directors prior to filing.

Form 990, Part VI, Section B, 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.

Form 990, Part VI, Section B, Line 15A - Review of Ceo/top

Management official's 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. The review is documented in the meeting minutes of the board.

Form 990, Part VI, Section B, Line 15B - Review of Other

Officer's compensation: biobridge global utilizes an independent compensation consulting firm, compensation surveys, compensation packages offered by similar organizations in our peer group, and/or market competitive analyses.

Form 990, Part VI, Section B, Line 16B - Policy for Arrangements

With taxable entities: the organization has not established written procedures but is committed to ensuring that any arrangements entered into sageguard the organization's exempt status. Blood centers of america is made up of members, all of whom are exempt organizations within the meaning of section 501(c)(3) of the internal revenue code of 1986, as amended.

Form 990, Part VI, Section C, Line 19 - How Documents Are Made

Available to public: any documents subject to open record requirements are made available upon request.

FORM 990, 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
Glenn Kues
Title
SVP, CFO
Phone
2107579505
Signed
2018-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Martin J Landon
Formed
2012
Legal Domicile
TX
Voting Board Members
12
Independent Board Members
10
Employees
180
Volunteers
23

Preparer

Firm
Bkd Llp
Address
10001 REUNION PLACE SUITE 400, SAN ANTONIO, TX 78216-4137
Preparer
Edward Del Conte CPA
Phone
2103419400
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 1 & PART III, 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, LINE 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 $(285,902)

Schedule D, Part XII, Line 2D - Amounts Included on Line 1 Not on

Form 990: rental expenses $ 285,902

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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
2017Detailed filing. Detailed filing data is available for this year.$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