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Abraham J and Phyllis Katz Cord Blood Foundation

EIN 20-8376689 · Cleveland, OH

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak29 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE ORGANIZATION IS ADVANCING UMBILICAL CORD BLOOD CELL THERAPY TREATMENTS: SAVING LIVES, ENHANCING HEALTH, AND EXPANDING KNOWLEDGE ONE BIRTH AT A TIME.

Income
$4.4 million
Spending
$6.7 million
Spent on programs
89%
Reserves
0 months of spending
Largest source of income
fees for its services, 89%
Employees
51
Volunteers
8
Highest pay
$187,485, cord blood bank director

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 29 out of 100. Higher than 1% of charities in its peer group (medical research, $1m to $10m).

  • Reserves

    4 of 35

    Spendable reserves would cover -0.0 months of spending.

  • Debt

    10 of 20

    It owes 32% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 51% of income.

  • Income trend

    0 of 15

    Income fell 60% on the year before.

  • Spending floor

    15 of 15

    89% of spending went to programs and raising each dollar of donations cost 8 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 64% of charities in its peer group (medical research, $1m to $10m).

  • Independent board

    25 of 25

    8 of 9 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $4.4 million spent. THE ORGANIZATION HAS BEEN ESTABLISHED TO HARVEST, PROCESS, AND UTILIZE UMBILICAL CORD BLOOD ("UCB") STEM CELLS FOR CLINICAL TRANSPLANTATION, MEDICAL RESEARCH, AND DISTRIBUTION, AND TO PROVIDE EDUCATION TO PHYSICIANS AND THE PUBLIC AT LARGE ON ADVANCES IN THE UTILIZATION OF UCB-DERIVED STEM CELLS FOR THE TREATMENT OF CANCER AND OTHER DISEASES.
  2. $133,020 spent. BEGINNING IN 2014, THE FOUNDATION PERFORMED LABORATORY RESEARCH IN CELLULAR THERAPEUTICS WITH ALL RESEARCH PAUSED AS OF MARCH 2024.
  3. $720,014 spent. IN 2020, THE CORD BLOOD CENTER ESTABLISHED A CELL THERAPY INCUBATOR TO OFFER NEW TECHNOLOGIES FOR CELL PROCESSING AND DISTRIBUTE CORD BLOOD BASED PRODUCTS.
  4. $670,957 spent. NATIONAL CORD BLOOD NETWORK (NCBN) IS AN UNINCORPORATED ASSOCIATION OF MEDICAL PROVIDERS AND INSTITUTIONS WITH THE MISSION TO ESTABLISH CORD BLOOD TRANSPLANT AS A CURATIVE THERAPY FOR PATIENTS WITH HEMATOLOGIC MALIGNANCIES IN U.S. TRANSPLANT CENTERS.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since August 2007.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.