2020-11-12T12:32:31-06:00 2019-12-31 Grant Thornton LLP 100 E Wisconsin Ave Milwaukee WI 53202 990 2019-01-01 454675354 Versiti Inc % PAUL MATSON VERS 4149335000 PO Box 2178 638 North 18th Street Milwaukee WI 532012178 CHRIS MISKEL President & CEO 4149335000 2020-11-12 true Michelle L Weber P00556798 4142898200 65.26.236.111 39529020203175000004 2020-11-12 P 8C3EBC4739DD587EB678E6BAA19856D793411320 6098D55FF0E7CCF9C3E403A7CE8C578524A243B8 2019 2021-01-29 14:40:06Z Chris Miskel 638 N 18th Street Milwaukee WI 532332121 22903576 false X www.versiti.org X 2012 WI SUPPORT CHARITABLE, SCIENTIFIC, & EDUCATIONAL PURPOSES OF THE BLOODCENTER AFFILIATES & OTHER SIMILAR ENTITIES ENGAGED IN BLOOD TRANSFUSION, SERVICES OR RESEARCH. 16 15 9 15 0 0 0 0 22776609 22770167 0 62514 0 31764 22776609 22864445 0 0 0 0 0 0 0 0 0 22776609 22905764 22776609 22905764 -41319 7341575 25190336 6991575 24840336 350000 350000 THE CORPORATION IS FORMED TO SUPPORT CHARITABLE, SCIENTIFIC, & EDUCATIONAL PURPOSES OF VERSITI WISCONSIN, INC., VERSITI ILLINOIS, INC., VERSITI MICHIGAN, INC., VERSITI INDIANA, INC., & OTHER SIMILAR ENTITIES ENGAGED IN BLOOD TRANSFUSION, SERVICES OR RESEARCH. false false 0 0 22770167 SUPPORT OF VERSITI WISCONSIN, INC., VERSITI ILLINOIS, INC., VERSITI MICHIGAN, INC. AND VERSITI INDIANA, INC. - BY PROVIDING VARIOUS CENTRALIZED MANAGEMENT AND ADMINISTRATIVE FUNCTIONS. 0 true false false true false false false false false false true false false false true true false true false false false false false false false false false false false true false false false false false false false false false false false false false true true true false false true 169 0 true 9 true false false false false false false false false false false false false X 16 15 false false false false false false false true true false false true true true true true true true true false X X PAUL MATSON 4149376349 638 N 18TH ST MILWAUKEE WI 53233 X CHRIS MISKEL PRESIDENT & CEO 1.0 54.0 X X 0 917606 41657 THOMAS ABSHIRE MD EVP MSI & CHIEF MED OFFICER 0.0 55.0 X 0 577401 24817 BRIAN BAUTISTA EVP & CHIEF OPERATING OFFICER 0.0 55.0 X 0 551346 41657 GILBERT C WHITE MD EVP OF RESEARCH - thru 6/19 0.0 55.0 X 0 500655 37934 GITESH DUBAL EVP & CHIEF MARKETING OFFICER 0.0 55.0 X 0 474548 41657 ANTHONY WATKINS EVP & CHIEF FINANCIAL OFFICER 0.0 55.0 X 0 474091 40559 JAMES WEIDNER EVP & CHIEF HR OFFICER 1.0 54.0 X 0 388000 41551 LYNNE BRIGGS VP & CHIEF INFORMATION OFFICER 0.0 55.0 X 0 333556 44457 BART REUTER EVP & GEN. COUNSEL-AS OF 1/19 0.0 55.0 X 0 317003 40545 BRADLEY PIETZ EVP & CHIEF INNOVATION OFFICER 0.0 55.0 X 0 306935 25901 MARGARET MCELLIGOTT VP & CHIEF QUALITY OFFICER 0.0 55.0 X 0 285239 36791 MAUREEN KWIECINSKI FORMER EVP & Gen. Counsel 0.0 0.0 X 0 294402 729 Colleen McCarthy Chief of Staff & VP Organ Don. 0.0 55.0 X 0 253469 38262 DALE KENT CHAIR 1.0 4.0 X X 0 0 0 L ALAN WHALEY VICE CHAIR 1.0 4.0 X X 0 0 0 MITCHELL G WATT SECRETARY 1.0 3.0 X X 0 0 0 JAMES M RAUH TREASURER 1.0 4.0 X X 0 0 0 CATHY BUCK BOARD MEMBER 1.0 3.0 X 0 0 0 FRED GEILFUSS BOARD MEMBER; LEGAL ADVISOR 1.0 3.0 X 0 0 0 DAVID GINSBURG MD BOARD MEMBER - AS OF 11/19 1.0 3.0 X 0 0 0 GAIL HANSON BOARD MEMBER - AS OF 11/19 1.0 3.0 X 0 0 0 THOMAS HAUSKE JR BOARD MEMBER 1.0 3.0 X 0 0 0 GREGORY LARKIN MD BOARD MEMBER 1.0 4.0 X 0 0 0 ROBERT H MANEGOLD BOARD MEMBER 1.0 4.0 X 0 0 0 JEFFREY S MCDONALD BOARD MEMBER 1.0 3.0 X 0 0 0 RON MILLER BOARD MEMBER - AS OF 1/19 1.0 3.0 X 0 0 0 JOHN PERRAS BOARD MEMBER 1.0 3.0 X 0 0 0 PETER ZIEGLER BOARD MEMBER 1.0 4.0 X 0 0 0 0 5674251 456517 0 true true false EMTEC CONSULTING SERVICES LLC 555 E LANCASTER AVENUE RADNOR PA 19087 SOFTWARE CONSULTANT 807768 CERIDIAN PO BOX 772830 CHICAGO IL 60677 HR SOFTWARE SUPPORT 568812 ORACLE AMERICA INC PO BOX 203448 DALLAS TX 75320 SOFTWARE CONSULTANT 495003 POBLOCKI SIGN COMPANY 922 S 70TH STREET MILWAUKEE WI 53214 MARKETING SIGNAGE 450572 GEIGER INC 660 SUNSET DR WAUKESHA WI 53186 MARKETING 438005 27 0 AFFILIATE FEES 561000 22770167 22770167 0 0 22770167 59458 59458 0 0 0 0 0 42187 39131 3056 3056 3056 0 0 0 0 0 0 0 0 0 CREDIT CARD REBATES 900099 31764 31764 31764 22864445 22770167 0 94278 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 312266 312266 534367 534367 0 0 75222 75222 1849763 0 1849763 0 4137538 4137538 10791 10791 1197242 1197242 0 40652 40652 387877 387877 0 73732 73732 0 0 102454 102454 467996 467996 SALARIES FOR RELATED ORGS 12686425 0 12686425 0 EMPLOYMENT 374339 0 374339 0 DUES & MEMBERSHIPS 342183 0 342183 0 DONOR COST 100429 0 100429 0 212488 212488 22905764 0 22905764 0 1776276 20666562 0 0 0 0 4453711 938045 0 0 0 0 0 0 0 0 17573 1838150 1228653 208751 485233 1019902 228666 377677 0 0 380116 350000 0 0 0 0 7341575 25190336 5595937 23080832 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1395638 1759504 6991575 24840336 X 350000 350000 0 0 350000 350000 7341575 25190336 -41319 41319 X false true X true false X X X 4 VERSITI WISCONSIN INC 390807235 7 true 0 10474277 VERSITI ILLINOIS INC 362179768 10 false 0 4098630 VERSITI MICHIGAN INC 381550001 10 false 0 4098630 VERSITI INDIANA INC 350991629 10 false 0 4098630 4 0 22770167 0.00000 false false false false false false false false false false false false false false false false Part I, Line G SUPPORTING ORGANIZATION VERSITI, INC. IS A SUPPORTING ORGANIZATION THAT IS OPERATED FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF VERSITI WISCONSIN, INC., VERSITI ILLINOIS, INC., VERSITI MICHIGAN, INC. AND VERSITI INDIANA, INC. SEE SCHEDULE A, PART I, LINE 11G CHART ON NEXT PAGE. Part IV, Section A, Line 1 LISTED IN GOVERNING DOCUMENTS VERSITI WISCONSIN, INC.; BY REFERENCE TO ITS FORMER NAME, IS LISTED BY NAME IN THE ARTICLES OF INCORPORATION. ALL OTHER SUPPORTED ORGANIZATIONS ARE DESIGNATED BY PURPOSE/CLASS AS PUBLICLY SUPPORTED ORGANIZATIONS AFFILIATED WITH VERSITI, INC. THAT ENGAGE IN BLOOD TRANSFUSION, SERVICES OR RESEARCH. Part IV, Section C, Line 1 CONTROL OR MANAGEMENT OF THE SUPPORTING ORGANIZATIONS WHILE THERE IS NOT A MAJORITY OVERLAP OF OFFICERS AND DIRECTORS, CONTROL OR MANAGEMENT OF THE SUPPORTING ORGANIZATIONS IS VESTED IN THE SAME PERSONS THAT CONTROL AND MANAGE THE SUPPORTED ORGANIZATIONS. false false false false false false false false true 951 951 false Part II-B, Line 1I OTHER ACTIVITES $951 OF THE DUES PAID TO AMERICA'S BLOOD CENTERS HAS BEEN ALLOCATED TO LOBBYING. 962574 208751 753823 266079 266079 1019902 0 ST LIABILITY: TERUMO AGREEMENT 285700 LT LIABILITY: TERUMO AGREEMENT 571500 ADDITIONAL INCENTIVES 524627 LONG TERM RETIREMENT LIABILITIES 377677 1759504 X PART X INCOME TAXES VERSITI, WISCONSIN, ILLINOIS, MICHIGAN, INDIANA AND THE FOUNDATION HAVE ALL RECEIVED TAX DETERMINATION LETTERS CONFIRMING THAT THE ORGANIZATIONS QUALIFY AS TAX-EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). THE ORGANIZATION FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. VERSITI, WISCONSIN, ILLINOIS, MICHIGAN, INDIANA AND THE FOUNDATION ARE EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(3), THOUGH THEY ARE SUBJECT TO TAX ON INCOME UNRELATED TO THEIR EXEMPT PURPOSES, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE IRC. THE ORGANIZATION HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. WISCONSIN AND THE FOUNDATION HAVE FILED FEDERAL AND STATE OF WISCONSIN INCOME TAX RETURNS TO REPORT UNRELATED BUSINESS INCOME THROUGH 2009 AND ARE NO LONGER SUBJECT TO TAX AUTHORITY EXAMINATIONS FOR YEARS PRIOR TO 2010 UNDER THE FEDERAL AND STATE STATUTE. MANAGEMENT HAS DETERMINED THAT THERE IS NO UNRELATED BUSINESS INCOME TO REPORT FOR WISCONSIN FOR 2010 THROUGH 2017, AND INCOME TAX RETURNS ARE NOT REQUIRED TO BE FILED; HOWEVER INCOME TAX RETURNS WERE FILED FOR 2018. THEREFORE, AS THE STATUTE OF LIMITATIONS WILL REMAIN OPEN FOR RETURNS NOT FILED, TAX YEARS 2010 THROUGH 2017, WILL REMAIN OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES. MANAGEMENT HAS DETERMINED THAT THE FOUNDATION WILL BE FILING INCOME TAX RETURNS FOR TAX YEARS 2016 AND 2017. THEREFORE, AS THE STATUTE OF LIMITATIONS WILL REMAIN OPEN FOR RETURNS NOT FILED, TAX YEARS 2010 THROUGH 2015, WILL REMAIN OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES. MICHIGAN HAS NOT HISTORICALLY FILED ANY UNRELATED BUSINESS INCOME TAX RETURNS; THEREFORE, TAX YEARS REMAIN OPEN FOR YEARS IN WHICH AN INCOME TAX RETURN HAS NOT BEEN FILED; HOWEVER INCOME TAX RETURNS WERE FILED FOR 2018 BUT ARE NOT EXPECTED TO BE FILED FOR 2019. IN YEARS PRIOR TO 2014, ILLINOIS FILED BOTH FEDERAL AND STATE OF ILLINOIS INCOME TAX RETURNS TO REPORT A ZERO AMOUNT OF UNRELATED BUSINESS INCOME. MANAGEMENT HAS DETERMINED THAT THERE IS NO UNRELATED BUSINESS INCOME TO REPORT FOR ILLINOIS FOR TAX YEARS 2014 THROUGH 2017; HOWEVER INCOME TAX RETURNS WERE FILED FOR 2018 BUT ARE NOT EXPECTED TO BE FILED FOR 2019. THEREFORE, AS THE STATUTE OF LIMITATIONS WILL REMAIN OPEN FOR RETURNS NOT FILED, TAX YEARS 2014 THROUGH 2017, WILL REMAIN OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES. IN YEARS PRIOR TO 2014, INDIANA FILED FEDERAL UNRELATED BUSINESS INCOME TAX RETURNS TO REPORT A ZERO AMOUNT OF UNRELATED BUSINESS INCOME. IN 2014 THROUGH 2016, INDIANA FILED FEDERAL AND INDIANA RETURNS TO REPORT AN UNRELATED BUSINESS LOSS. IN 2017 AND 2018, INDIANA FILED INCOME TAX RETURNS TO REPORT A ZERO AMOUNT OF UNRELATED BUSINESS INCOME IN ORDER TO MAINTAIN THE PRIOR YEAR NET OPERATING LOSS. INDIANA IS EXPECTED TO FILE INCOME TAX RETURNS FOR 2019. THE STATUTE OF LIMITATIONS WILL REMAIN OPEN FOR BOTH FEDERAL AND STATE PURPOSES FOR ANY RETURNS NOT FILED. VERSITI HAS NOT FILED ANY UNRELATED BUSINESS INCOME TAX RETURNS; THEREFORE THE YEARS SINCE 2012, THE YEAR OF INCEPTION, ARE STILL OPEN TO EXAMINATION. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. SALUS HAS BEEN ORGANIZED AS A LIMITED LIABILITY COMPANY AND, ACCORDINGLY, IS NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES. ALL INCOME TAX ATTRIBUTES OF THE ENTITY ARE PASSED THROUGH TO ITS SOLE MEMBER, WISCONSIN. THE ENTITY IS INCLUDED IN THE CONSOLIDATED INFORMATION RETURN FILED BY VERSITI. CENETRON IS FORMED AS A LIMITED LIABILITY COMPANY AND HAS ELECTED TO BE TREATED AS A WHOLLY OWNED LLC THAT HAS ELECTED TO BE TREATED AS A C-CORPORATION FOR TAX PURPOSES AND SO IS SUBJECT TO FEDERAL AND STATE INCOME TAXES. INCOME TAXES ARE PROVIDED FOR THE TAX EFFECTS OF TRANSACTIONS REPORTED BY CENETRON AND CONSIST OF TAXES CURRENTLY DUE AND DEFERRED TAXES. DEFERRED TAXES ARE RECOGNIZED FOR DIFFERENCES BETWEEN THE BASIS OF ASSETS AND LIABILITIES FOR FINANCIAL STATEMENT AND INCOME TAX PURPOSES. THE DIFFERENCES RELATED PRIMARILY TO INVENTORY, PROPERTY AND EQUIPMENT, INTANGIBLE ASSETS AND ACCRUED LIABILITIES. THE DEFERRED TAX ASSETS AND LIABILITIES REPRESENT THE FUTURE TAX RETURN CONSEQUENCES OF THOSE DIFFERENCES, WHICH WILL EITHER BE TAXABLE OR DEDUCTIBLE WHEN THE ASSETS AND LIABILITIES ARE RECOVERED OR SETTLED. CENETRON IS SUBJECT TO TAXATION IN THE UNITED STATES AND VARIOUS CERTAIN, LIMITED STATE JURISDICTIONS. THE ORGANIZATION RECOGNIZES, IF NECESSARY, INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN THE PROVISION FOR INCOME TAXES. THERE WERE NO INTEREST OR PENALTIES RELATED TO INCOME TAXES THAT HAVE BEEN ACCRUED OR RECOGNIZED AS OF AND FOR THE YEARS ENDED DECEMBER 31, 2019 AND 2018. X true true X X X X true false false false true false true true false CHRIS MISKEL PRESIDENT & CEO 0 635386 0 281000 0 1220 0 19600 0 22057 0 959263 0 0 GILBERT C WHITE MD EVP OF RESEARCH - thru 6/19 0 412806 0 82238 0 5611 0 22400 0 15534 0 538589 0 0 THOMAS ABSHIRE MD EVP MSI & CHIEF MED OFFICER 0 486567 0 84012 0 6822 0 22400 0 2417 0 602218 0 0 ANTHONY WATKINS EVP & CHIEF FINANCIAL OFFICER 0 393150 0 76638 0 4303 0 19600 0 20959 0 514650 0 0 GITESH DUBAL EVP & CHIEF MARKETING OFFICER 0 347924 0 125784 0 840 0 19600 0 22057 0 516205 0 0 JAMES WEIDNER EVP & CHIEF HR OFFICER 0 290311 0 94289 0 3400 0 19494 0 22057 0 429551 0 0 LYNNE BRIGGS VP & CHIEF INFORMATION OFFICER 0 276200 0 53979 0 3377 0 22400 0 22057 0 378013 0 0 BRIAN BAUTISTA EVP & CHIEF OPERATING OFFICER 0 424789 0 125127 0 1430 0 19600 0 22057 0 593003 0 0 MARGARET MCELLIGOTT VP & CHIEF QUALITY OFFICER 0 238880 0 40145 0 6214 0 21319 0 15472 0 322030 0 0 BRADLEY PIETZ EVP & CHIEF INNOVATION OFFICER 0 275326 0 30041 0 1568 0 17212 0 8689 0 332836 0 0 MAUREEN KWIECINSKI FORMER EVP & Gen. Counsel 0 0 0 33923 0 260479 0 0 0 729 0 295131 0 0 BART REUTER EVP & GEN. COUNSEL-AS OF 1/19 0 315427 0 0 0 1576 0 19469 0 21076 0 357548 0 0 Colleen McCarthy Chief of Staff & VP Organ Don. 0 225027 0 27654 0 788 0 16205 0 22057 0 291731 0 0 Part I, Line 1a BUSINESS CLUB DUES VERSITI, INC. PROVIDES BUSINESS CLUB MEMBERSHIPS FOR THE FOLLOWING EMPLOYEE: CHRIS MISKEL - $1,105 THE CLUB MEMBERSHIPS ARE NOT TREATED AS TAXABLE COMPENSATION. THE EMPLOYEE USES THESE MEMBERSHIPS FOR BUSINESS MEETINGS OFF SITE AND BUSINESS LUNCHES/DINNERS. ANY PERSONAL EXPENSES INCURRED AT THE CLUB ARE PAID FOR DIRECTLY BY THE EMPLOYEES OR THE EMPLOYEES REIMBURSES THE ENTITY FOR PERSONAL EXPENSES. Part I, Line 4a SEVERANCE PAYMENTS AN INDIVIDUAL LEFT THE ORGANIZATION IN 2018. THE INDIVIDUAL RECEIVED SEVERANCE IN 2019, WHICH IS INCLUDED ON SCHEDULE J, PART II. DUE TO A CONFIDENTIALITY AGREEMENT, NEITHER THE NAME NOR THE AMOUNT WILL BE LISTED. Part I, Lines 5b, 6b and 7 NON-FIXED PAYMENTS INCENTIVE PAYOUT OPPORTUNITIES, BASED ON PERCENTAGE OF BASE PAY RATE, ARE AVAILABLE TO CERTAIN EMPLOYEES OF THE FILING ORGANIZATION. WHILE LEVELS OF THE INCENTIVE PAYOUT OPPORTUNITY ARE FIXED AND DETERMINED PERCENTAGES OF BASE COMPENSATION; THE INCENTIVE PAYOUT IS DETERMINED; IN PART, ON THE CONSOLIDATED REVENUE AND NET EARNINGS OF OPERATING DIVISIONS. THE INCENTIVE PAYOUT IS SUBJECT TO THE REVIEW OF ACCOMPLISHMENTS / OBJECTIVES AND THE ULTIMATE DETERMINATION OF INCENTIVE COMPENSATION IS SUBJECT TO PRESIDENT / CEO AND EXECUTIVE COMMITTEE OF THE BOARD APPROVAL. Part VI, SECTION B, Line 11b FORM 990 REVIEW VERSITI, INC. UTILIZES GRANT THORNTON LLP TO COMPLETE THE IRS FORM 990 AND RELATED SCHEDULES. FOLLOWING COMPLETION, THEY ARE REVIEWED BY THE CONTROLLER AND CEO. THE DRAFT FORMS ARE THEN REVIEWED BY THE COMPLIANCE AND AUDIT COMMITTEE PRIOR TO SUBMISSION TO THE IRS. THE FULL BOARD IS PROVIDED A COPY OF THE FORM 990 PRIOR TO FILING. Part VI, SECTION B, Line 12c CONFLICT OF INTEREST POLICY VERSITI, INC. MAINTAINS A WRITTEN CONFLICT OF INTEREST POLICY. ON AN ANNUAL BASIS, CURRENT DIRECTORS AND OFFICERS ARE ASKED TO COMPLETE A DISCLOSURE FORM BASED ON IRS REQUIREMENTS THAT INCLUDES THE FOLLOWING: WHETHER THEY HAVE ANY DIRECT OR INDIRECT RELATIONSHIP EITHER THROUGH BUSINESS OR FAMILY MEMBER WITH THE ORGANIZATION. WHETHER THEY RECEIVED COMPENSATION FROM ANY ORGANIZATION THAT SHARES COMMON OWNERSHIP OR CONTROL WITH THE ORGANIZATION. WHETHER THEY HAVE SERVED AS AN OFFICER, DIRECTOR, KEY EMPLOYEE, PARTNER OR MEMBER OF AN ENTITY (OR SHAREHOLDER OF A PROFESSIONAL CORPORATION) DOING BUSINESS WITH THE ORGANIZATION. THESE ANSWERS ARE ACCUMULATED, SUMMARIZED AND EVALUATED BY MANAGEMENT TO DETERMINE IF ANY CONFLICTS EXIST. IDENTIFIED CONFLICTS ARE ADDRESSED IN ACCORDANCE WITH THE WRITTEN POLICY. Part VI, SECTION B, Lines 15a and 15b COMPENSATION PROCESS VERSITI, INC. DIRECTLY COMPENSATES 10 OF ITS EMPLOYEES/OFFICERS. THESE 10 OFFICERS PROVIDE SERVICES TO THE SUPPORTED ORGANIZATIONS, PER A FORMAL COST REIMBURSEMENT AGREEMENT. VERSITI AND ITS AFFILIATES GREATLY VALUE THE GENEROUS CONTRIBUTIONS OF THE INDIVIDUALS AND ORGANIZATIONS THAT SUPPORT OUR MISSION WITHIN THE COMMUNITY WE SERVE. IN ORDER TO ENSURE PROPER STEWARDSHIP OF OUR CHARITABLE RESOURCES, VERSITI AND ITS AFFILIATES FOLLOW A FORMALIZED PROCESS TO CONFIRM THAT COMPENSATION PROVIDED TO OUR EXECUTIVE LEADERSHIP TEAM IS FAIR, REASONABLE, AND NOT EXCESSIVE WHEN COMPARED TO OTHER EXECUTIVES. THIS PROCESS ALSO HELPS US ENSURE THAT OUR COMPENSATION PROGRAM SUPPORTS THE RETENTION OF EXPERIENCED, HIGHLY-QUALIFIED EXECUTIVES WHO ARE COMMITTED TO OUR MISSION. THE COMPENSATION COMMITTEE OF THE VERSITI BOARD OF DIRECTORS, ACTING IN ITS CAPACITY AS THE COMPENSATION COMMITTEE, SETS AND MONITORS THE COMPENSATION PHILOSOPHY FOR THE ORGANIZATION. OTHER THAN THE VERSITI PRESIDENT AND CHIEF EXECUTIVE OFFICER, THE COMPENSATION COMMITTEE DOES NOT INCLUDE MEMBERS OF MANAGEMENT AND IS COMPRISED ENTIRELY OF INDIVIDUALS WHO DO NOT HAVE A CONFLICT OF INTEREST WITH RESPECT TO VERSITI COMPENSATION ARRANGEMENTS. THE VERSITI PRESIDENT AND CHIEF EXECUTIVE OFFICER RECUSES HER/HIMSELF FROM ALL DISCUSSIONS AND APPROVALS RELATED TO HER/HIS COMPENSATION. THE VERSITI COMPENSATION COMMITTEE REVIEWS EXECUTIVE COMPENSATION ARRANGEMENTS TO ENSURE SUCH ARRANGEMENTS ARE FAIR, REASONABLE, AND NOT EXCESSIVE WHEN COMPARED TO SIMILARLY-SITUATED EXECUTIVES. EXECUTIVE COMPENSATION ARRANGEMENTS ARE REVIEWED FOR REASONABLENESS AND APPROVED BY THE COMPENSATION COMMITTEE ANNUALLY IN ACCORDANCE WITH THE VERSITI REASONABLENESS REVIEW POLICY. IN ORDER TO ASSESS THE REASONABLENESS OF EXECUTIVE COMPENSATION ARRANGEMENTS, THE COMPENSATION COMMITTEE OBTAINS AND REVIEWS APPROPRIATE COMPARABILITY DATA COLLECTED BY THE HUMAN RESOURCE DEPARTMENT AND A QUALIFIED INDEPENDENT COMPENSATION CONSULTANT. THE COMPENSATION COMMITTEE ENGAGES A QUALIFIED INDEPENDENT COMPENSATION CONSULTANT ANNUALLY. THE INDEPENDENT CONSULTANT PERFORMS AN ANALYSIS OF COMPENSATION LEVELS AT REGIONAL AND NATIONAL ORGANIZATIONS OF COMPARABLE SIZE, SCOPE AND STRUCTURE; AND PROVIDES THE COMMITTEE WITH COMPREHENSIVE DATA ON THE AVAILABILITY OF SIMILAR SERVICES WITHIN THE GEOGRAPHIC AREA, COMPENSATION SURVEYS, WRITTEN OFFERS FROM SIMILAR INSTITUTIONS, AND OTHER INFORMATION RELEVANT TO COMPARABILITY OF COMPENSATION. THE COMPENSATION COMMITTEE'S REVIEW, RECOMMENDATIONS AND APPROVALS ARE DOCUMENTED CONCURRENTLY IN THE COMMITTEE MINUTES, WHICH ARE SUBSEQUENTLY REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE AS REASONABLE, ACCURATE AND COMPLETE. A COPY OF THE COMPENSATION COMMITTEE'S MINUTES IS ALSO PROVIDED TO THE VERSITI BOARD OF DIRECTORS. VERSITI HAS AN INCENTIVE PROGRAM FOR EXECUTIVES, DIRECTORS, MANAGEMENT, INVESTIGATORS AND STAFF DESCRIBED IN DETAILED WRITTEN POLICIES APPROVED BY THE COMPENSATION COMMITTEE ANNUALLY. EVALUATION AND COMPENSATION REVIEW -CEO - EACH YEAR, THE EXECUTIVE/COMPENSATION COMMITTEE EVALUATES THE CEO'S PERFORMANCE AGAINST ESTABLISHED OBJECTIVES, DETERMINES INCENTIVE PAYMENT AND MERIT INCREASE BASED UPON PERFORMANCE AND MARKET DATA PROVIDED BY THE THIRD PARTY COMPENSATION CONSULTANT, AND WORKS WITH THE CEO TO ESTABLISH OBJECTIVES FOR THE NEXT YEAR. -EXECUTIVES - EACH YEAR, THE VERSITI CEO REVIEWS THE PERFORMANCE OF EACH EXECUTIVE AND THE ACHIEVEMENT OF THEIR INDIVIDUAL GOALS AND OBJECTIVES. THE VERSITI CEO PRESENTS HIS/HER RECOMMENDATIONS TO THE COMPENSATION COMMITTEE, WHICH REVIEWS AND APPROVES RECOMMENDED COMPENSATION RANGES, AND APPROVES FINAL SALARY AND INCENTIVE PAYMENTS. EXECUTIVES ARE POSITIONED WITHIN THE APPROPRIATE SALARY RANGE BASED UPON THE: -EXECUTIVE'S KNOWLEDGE, COMPETENCIES, AND EXPERIENCE, -PERFORMANCE OF THE EXECUTIVE'S AREAS OF RESPONSIBILITY, -THE EXECUTIVE'S CONTRIBUTION TO OVERALL PERFORMANCE, -THE IMPORTANCE OF RETAINING THE EXECUTIVE, -INTERNAL EQUITY CONSIDERATIONS, -THE FINANCIAL RESOURCES AVAILABLE, AND -EXECUTIVE BASE SALARY INCREASES PROVIDED IN THE COMPETITIVE MARKET Part VI, section c, Line 19 ORGANIZATION'S DOCUMENTS OPEN TO THE PUBLIC THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST TO THE PUBLIC DURING NORMAL BUSINESS HOURS AND AT THE ORGANIZATION'S LOCATION. Part VII AVERAGE HOURS THE HOURS LISTED ON FORM 990, PART VII ARE REPRESENTATIVE OF AN AVERAGE FOR THE OFFICERS AND EXECUTIVE TEAM. EACH INDIVIDUAL PERSON'S WEEKLY TALLY MAY BE GREATER OR LESSER PER WEEK BASED ON THEIR INDIVIDUAL ROLES AND RESPONSIBILITIES WITHIN THE FILING ORGANIZATION AND RELATED PARTIES. THE PRESIDENT AND CEO HOURS REPORTED BY THE FILING ORGANIZATION ARE REFLECTIVE OF HOURS SPENT ON SUPERVISION OF THE AFFILIATE GROUP. VERSITI WISCONSIN INC PO Box 2178 638 N 18th St MILWAUKEE WI 53201 390807235 BLOOD WI 501(c)(3) 07 VERSITI true VERSITI BLOOD RESEARCH INSTITUTE FNDN PO Box 2178 638 N 18TH ST MILWAUKEE WI 53201 391372542 SUPPORT WI 501(c)(3) 12B VERSITI true VERSITI ILLINOIS INC 1200 N HIGHLAND AVE AURORA IL 60506 362179768 BLOOD IL 501(c)(3) 10 VERSITI true VERSITI MICHIGAN INC PO BOX 1704 GRAND RAPIDS MI 49501 381550001 BLOOD MI 501(c)(3) 10 VERSITI true VERSITI INDIANA INC 3450 N MERIDIAN ST INDIANAPOLIS IN 46208 350991629 BLOOD IN 501(c)(3) 10 VERSITI true false false false false false false false false false false false true false true true true false false false VERSITI WISCONSIN INC L 10474277 FMV VERSITI ILLINOIS INC L 4098630 FMV VERSITI MICHIGAN INC L 4098630 FMV VERSITI INDIANA INC L 4098630 FMV PART V, LINES 1N, 1O, & 1P TRANSACTIONS WITH RELATED ORGANIZATIONS VERSITI, INC. SHARES FACILITIES, EQUIPMENT, AND PAID EMPLOYEES AND REIMBURSES RELATED ORGANIZATIONS FOR EXPENSES; HOWEVER, THE EXACT DOLLAR AMOUNT OF SUPPORT PROVIDED IS NOT READILY DETERMINABLE.