Public Charity

VERSITI MICHIGAN INC

VERSITI MICHIGAN INC is a Public Charity headquartered in GRAND RAPIDS, MI. Financial data from the 2024 filing: $74.8M revenue, $69.6M expenses, $49.4M total assets. 2 publicly reported grants to this organization, totaling roughly $10K, appear in IRS filings.

EIN: 381550001 GRAND RAPIDS, MI Blood Banks NTEE: E61 Latest filing: 2024
Total Revenue$74.8M
Total Expenses$69.6M
Total Assets$49.4M
Grant Records2
Funding Total$10K
Filing Years2019–2024

Mission

VERSITI MICHIGAN, INC. (VERSITI) IS A BLOOD HEALTH INNOVATOR WHICH ENHANCES LIVES THROUGH DISCOVERY, DIAGNOSIS AND TREATMENT. VERSITI EXPANDS THE FRONTIERS OF PATIENT HEALTH THROUGH THE INTEGRATION OF SCIENCE, MEDICINE AND SERVICE.

Where $100 goes at Versiti Michigan Inc

How Versiti Michigan Inc divides every $100 it spends, from its own Form 990 filings, averaged across 6 years.

$85 Programs the work itself
$15 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $85 for programs

$85
Versiti Michigan recruits volunteer blood donors and collects, processes, and distributes blood products as part of its mission to provide a safe and reliable blood supply for hospitals…
All program spending · Reported in the filing: 1,947 procedures
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

EVP&CFO-THRU 3/24;BUS DEV-AS OF 3/24 Anthony Watkins
EVP & CHIEF MED. OFF. - THRU 8/24 Barbara Bryant
EVP & GENERAL COUNSEL Bart Reuter
EVP & CHIEF LABORATORY OFFICER Bradley Pietz
EVP & CHIEF OPERATING OFFICER Brian Bautista
BOARD MEMBER Cecelia Gore

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$10,014 2 grants

Financial Trends

Year Revenue Expenses Assets
2024 $74.8M $69.6M $49.4M
2023 $69.0M $65.4M $44.7M
2022 $65.2M $63.9M $40.6M
2020 $59.9M $58.6M $38.4M
2019 $58.1M $59.1M $33.9M

Between 2019 and 2024, reported annual revenue grew from $58.1M to $74.8M (+29%), with total assets most recently reported at $49.4M.

Interactive year-over-year charts and full filing details available with membership.

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