Versiti INC: FY2020 Nonprofit Profile & Form 990 (EIN 45-4675354)

Revenue by fiscal year
FY2020	$21.9M
FY2021	$28.4M
FY2022	$30.2M
FY2023	$30.8M
FY2024	$33.8M

Expenses by fiscal year
FY2020	$22.0M
FY2021	$28.5M
FY2022	$29.6M
FY2023	$31.3M
FY2024	$34.0M

Net assets by fiscal year
FY2020	$350K
FY2021	$350K
FY2022	$350K
FY2023	$350K
FY2024	$350K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2012.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

100%

Management & general 100% · $22.0M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

27 people listed on the 990.

Part VII, Section A · reportable compensation

Chris Miskel

President & CEO

$0Pt VII · Sec A

Thomas Abshire MD

EVP Msi & Chief Med Officer

$0Pt VII · Sec A

Brian Bautista

EVP & Chief Operating Officer

$0Pt VII · Sec A

Bart Reuter

EVP & General Counsel

$0Pt VII · Sec A

Anthony Watkins

EVP & Chief Financial Officer

$0Pt VII · Sec A

Gitesh Dubal

EVP & Chief Marketing Officer

$0Pt VII · Sec A

James Weidner

EVP & Chief HR Officer

$0Pt VII · Sec A

Bradley Pietz

EVP & Chief Innovation Officer

$0Pt VII · Sec A

See Versiti INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports blood transfusion, services, and research for affiliates and similar entities.

Questions for Versiti INC

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Provided by the organization

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1 program · in their own filed words · FY2020

01

Versiti supports versiti wisconsin, versiti illinois, versiti michigan and versiti indiana by providing various centralized management and administrative functions.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2025

Kolaga Family Charitable TrustFY2025$2K

Total grants receivedfrom 1 funder$2K

Grants paid · 4 grants · $309K · 2021–2024

Unitemized GrantFY2024$132,500

Unitemized GrantFY2023$28,750

Unitemized GrantFY2022$105,000

Unitemized GrantFY2021$43,000

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$21.9M

Ln 12

Fees for servicesLn 2g$21.9M

Investment incomeLn 3$31K

Other incomeLn 4–11$6K

Money outPt IX

$22.0M

Ln 25

Managementcol C$22.0M

Owns and owesPt X

$350K

net assets · Ln 32

Cash and savingsLn 1–2$29.0M

Total assetsLn 16$34.4M

LiabilitiesLn 26$34.1M

PeoplePt VI, VII

27

listed · VII A

PaidVII A0

Voting boardVI 1a16

IndependentVI 1b15

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$21.9M

Investment incomeLn 3$31K

Other incomeLn 4–11$6K

Gains on assetsLn 7−$1K

Total revenueLn 12$21.9M

Assets in detailPt X, end of year

CashLn 1$29.0M

SavingsLn 2$0

Cash and savings togetherLn 1–2$29.0M

InvestmentsLn 11–13$925K

Land, buildings, equipmentLn 10c$2.0M

Other assetsLn 15$64K

Total assetsLn 16$34.4M

LiabilitiesLn 26$34.1M

Net assetsLn 32$350K

OperationsPt I, VI

EmployeesI 59

VolunteersI 616

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$20.7M	$29.0M
InvestmentsLn 11–13	$728K	$925K
Land, buildings, equipmentLn 10c	$1.0M	$2.0M
Total assetsLn 16	$25.2M	$34.4M
LiabilitiesLn 26	$24.8M	$34.1M
Net assetsLn 32	$350K	$350K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Legal feesLn 11b	$429K		$429K
Accounting feesLn 11c	$403K		$403K
Investment management feesLn 11f	$45K		$45K
Other fees for servicesLn 11g	$1.8M		$1.8M
Advertising and promotionLn 12	$746K		$746K
Office expensesLn 13	$8K		$8K
Information technologyLn 14	$1.5M		$1.5M
OccupancyLn 16	$5K		$5K
TravelLn 17	$161K		$161K
Conferences, conventions and meetingsLn 19	$8K		$8K
Depreciation, depletion and amortizationLn 22	$267K		$267K
InsuranceLn 23	$1.2M		$1.2M
Other expenses (24a–d)Ln 24	$15.3M		$15.3M
All other expensesLn 24e	$106K		$106K
Total functional expensesLn 25	$22.0M	$0	$22.0M	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$33.8M	$34.0M	−$281K	$350K	990 PDF
FY2023	$30.8M	$31.3M	−$438K	$350K	990 PDF
FY2022	$30.2M	$29.6M	$581K	$350K	990 PDF
FY2021	$28.4M	$28.5M	−$88K	$350K	990 PDF
FY2020 Viewing	$21.9M	$22.0M	−$63K	$350K	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2020 990 (6 parts)

Part I · Summary $21,909,569 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $22,770,167$21,872,073

I-10 Investment incomePrior year $62,514$31,036

I-11 Other revenuePrior year $31,764$6,460

I-12 Total revenuePrior year $22,864,445$21,909,569

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $22,905,764$21,972,152

I-18 Total expensesPrior year $22,905,764$21,972,152

I-19 Revenue less expensesPrior year −$41,319−$62,583

Part VI · Governance 15 of 16 board members independent, no flags

VI-1a Voting members of the governing body16

VI-1b Independent voting members15

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $21,909,569 across 5 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $21,872,073$21,872,073

VIII-3 Investment incomeExcluded from tax $32,367$32,367

VIII-7 Net gain or loss on sales of assetsExcluded from tax −$1,331−$1,331

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $6,460$6,460

VIII-12 Total revenueRelated to mission $21,872,073 · Unrelated business $0 · Excluded from tax $37,496$21,909,569

Part IX · Statement of functional expenses $21,972,152 across 14 lines filed

IX-11b Legal feesManagement $429,137$429,137

IX-11c Accounting feesManagement $402,582$402,582

IX-11f Investment management feesManagement $45,000$45,000

IX-11g Other fees for servicesManagement $1,763,286$1,763,286

IX-12 Advertising and promotionManagement $746,090$746,090

IX-13 Office expensesManagement $8,445$8,445

IX-14 Information technologyManagement $1,538,067$1,538,067

IX-16 OccupancyManagement $5,126$5,126

IX-17 TravelManagement $161,100$161,100

IX-19 Conferences, conventions and meetingsManagement $7,772$7,772

IX-22 Depreciation, depletion and amortizationManagement $267,116$267,116

IX-23 InsuranceManagement $1,231,041$1,231,041

IX-24 Other expenses (24a–d)Management $15,260,997$15,260,997

IX-24e All other expensesManagement $106,393$106,393

IX-25 Total functional expensesPrograms $0 · Management $21,972,152 · Fundraising $0$21,972,152

Part X · Balance sheet $34,415,361 assets, 23 lines filed

X-1 Cash, non-interest-bearingStart of year $20,666,562$29,023,547

X-2 Savings and temporary cash investmentsStart of year $0$0

X-3 Pledges and grants receivableStart of year $0$0

X-4 Accounts receivableStart of year $938,045$1,065,343

X-8 Inventories for sale or useStart of year $0$0

X-9 Prepaid expenses and deferred chargesStart of year $1,838,150$1,293,470

X-10c Land, buildings and equipment, netStart of year $1,019,902$2,043,993

X-11 Publicly traded securitiesStart of year $377,677$575,008

X-12 Other securitiesStart of year $0$0

X-13 Program-related investmentsStart of year $350,000$350,000

X-14 Intangible assetsStart of year $0$0

X-15 Other assetsStart of year $0$64,000

X-16 Total assetsStart of year $25,190,336$34,415,361

X-17 Accounts payable and accrued expensesStart of year $23,080,832$31,692,317

X-18 Grants payableStart of year $0$0

X-19 Deferred revenueStart of year $0$0

X-20 Tax-exempt bond liabilitiesStart of year $0$0

X-24 Unsecured notes and loans payableStart of year $0$0

X-25 Other liabilitiesStart of year $1,759,504$2,373,044

X-26 Total liabilitiesStart of year $24,840,336$34,065,361

X-27 Net assets without donor restrictionsStart of year $350,000$350,000

X-32 Total net assets or fund balancesStart of year $350,000$350,000

X-33 Total liabilities and net assetsStart of year $25,190,336$34,415,361

Part XI · Reconciliation of net assets $350,000 net assets at year end

XI-1 Total revenue$21,909,569

XI-2 Total expenses$21,972,152

XI-3 Revenue less expenses−$62,583

XI-4 Net assets at start of year$350,000

XI-5 Net unrealized gains (losses) on investments$62,583

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$350,000

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Versiti INC FY2020 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Versiti INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV