Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1980.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
83 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
26 people listed on the 990; $4.7M paid to officers and key staff.
Curt Bailey’s $974K as President & CEO is at the 52nd percentile of top reported officer pay among 1747 $100M+ health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Dr James Aubuchon | — | — | — | — | — | $1,075,608 |
| Curt Bailey | $974,485 | $968,288 | $809,099 | $765,282 | $775,212 | $361,425 |
| Vicki Finson | — | $460,283 | $291,808 | $279,218 | $264,750 | — |
| Jose Lopez MD | $429,395 | $408,542 | $392,961 | $362,984 | $340,138 | $317,168 |
| David Lin MD | $294,942 | $424,462 | $327,663 | $294,122 | $273,076 | — |
| Yanyun Wu MD | — | — | — | — | $146,571 | $416,355 |
| Theresa Nester MD | $395,202 | $394,120 | $364,580 | $338,626 | $282,671 | $247,722 |
| Kirsten Alcorn MD | $393,470 | $391,803 | $357,180 | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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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
Improves health by researching, innovating, and providing excellent blood, medical, and lab services.
Questions for Bloodworks
Your first name shows with your question. Bloodworks answers here, for everyone.
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Recruit donors, collect, test, process and fractionate whole blood and components into transfusion ready products (whole blood, red blood cells, platelets, plasma and cryoprecipitate) for use in nearly 90 hospitals, primarily located in the pacific northwest.
We are a research institute with over 75 years of research and discoveries. Bloodworks scientists have transformed patient care with breakthroughs in transfusion medicine, blood biology, blood storage, cancer therapies, organ transplantation, and treatment of clotting disorders.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $18.4M | $15.8M |
| InvestmentsLn 11–13 | $25.8M | $23.6M |
| Land, buildings, equipmentLn 10c | $38.2M | $34.4M |
| Total assetsLn 16 | $105.7M | $100.5M |
| LiabilitiesLn 26 | $25.5M | $25.6M |
| Net assetsLn 32 | $80.3M | $74.9M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $460K | $460K | ||
| Grants to domestic individualsLn 2 | $438K | $438K | ||
| Pay of current officers, directors and key staffLn 5 | $3.7M | $2.1M | $1.6M | |
| Pay of disqualified personsLn 6 | $70K | $70K | ||
| Other salaries and wagesLn 7 | $57.6M | $47.9M | $9.4M | $194K |
| Pension plan contributionsLn 8 | $3.6M | $3.0M | $615K | $6K |
| Other employee benefitsLn 9 | $6.0M | $4.9M | $1.1M | $19K |
| Payroll taxesLn 10 | $5.0M | $4.1M | $825K | $15K |
| Legal feesLn 11b | $248K | $248K | ||
| Accounting feesLn 11c | $82K | $82K | ||
| Professional fundraising feesLn 11e | $14K | $14K | ||
| Investment management feesLn 11f | $119K | $119K | ||
| Other fees for servicesLn 11g | $3.4M | $2.3M | $1.1M | |
| Advertising and promotionLn 12 | $2.5M | $2.3M | $185K | $12K |
| Office expensesLn 13 | $3.3M | $1.6M | $1.7M | |
| Information technologyLn 14 | $4.6M | $3.7M | $813K | $14K |
| OccupancyLn 16 | $7.4M | $6.0M | $1.4M | $25K |
| TravelLn 17 | $161K | $124K | $37K | |
| Conferences, conventions and meetingsLn 19 | $189K | $84K | $104K | |
| InterestLn 20 | $131K | $125K | $6K | |
| Depreciation, depletion and amortizationLn 22 | $6.1M | $3.4M | $2.7M | $13K |
| InsuranceLn 23 | $1.2M | $1.0M | $225K | $4K |
| Other expenses (24a–d)Ln 24 | $29.9M | $29.6M | $302K | |
| Total functional expensesLn 25 | $136.4M | $113.3M | $22.8M | $324K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $167.5M | $165.1M | $2.5M | $89.0M | 990 PDF |
| FY2024 | $159.8M | $160.0M | −$220K | $83.5M | 990 PDF |
| FY2023 | $154.2M | $150.4M | $3.9M | $81.0M | 990 PDF |
| FY2022 Viewing | $134.3M | $136.4M | −$2.1M | $74.9M | 990 PDF |
| FY2021 | $185.8M | $173.5M | $12.3M | $80.3M | 990 PDF |
| FY2020 | $198.4M | $214.0M | −$15.5M | $69.8M | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $134,313,338 revenue, 12 lines filed
Part VI · Governance 9 of 10 board members independent, no flags
Part VIII · Statement of revenue $134,313,338 across 10 lines filed
Part IX · Statement of functional expenses $136,370,220 across 23 lines filed
Part X · Balance sheet $100,462,161 assets, 17 lines filed
Part XI · Reconciliation of net assets $74,910,090 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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