EXTRACORPOREAL LIFE SUPPORT ORGANIZATION: Form 990, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- EXTRACORPOREAL LIFE SUPPORT ORGANIZATION (EIN 46-3994587)
- Tax period
- 2018-01-01 to 2018-12-31
- Filed
- 2019-07-30
- IRS object ID
- 201912119349301556
- Schema version
- 2018v3.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-07-30T16:24:44-05:00 | ReturnTs |
| Tax Period End | 2018-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 383393542 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PIETRASIUK KELLEY & KELLEY PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2395 S HURON PKWY STE 100 | AddressLine1Txt |
| City | ANN ARBOR | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 481045170 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2018-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 463994587 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EXTRACORPOREAL LIFE SUPPORT | BusinessNameLine1Txt |
| Business Name Line2 | ORGANIZATION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | EXTR | BusinessNameControlTxt |
| Phone | 7349986601 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2800 PLYMOUTH ROAD BDG 300 RM 303 | AddressLine1Txt |
| City | ANN ARBOR | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48109 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PETER RYCUS | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 7349986601 | PhoneNum |
| Signature | 2019-07-30 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | TODD T KELLEY | PreparerPersonNm |
| PTIN | P00158242 | PTIN |
| Phone | 7349718500 | PhoneNum |
| Preparation | 2019-07-30 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 64.88.174.3 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2019-07-30 | IPDt |
| IP Tm | 16:24:44 | IPTm |
| IP Timezone | CD | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | EE1F0A2E2E00556D93AB251CC226B4970FD376CE | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | A1927D0C7698CAB7071C996126C64D4BA56B7029 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990 IRS990
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ELSO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | PETER RYCUS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2800 PLYMOUTH ROAD | AddressLine1Txt |
| Address Line2 | BLDG 300 ROOM 303 | AddressLine2Txt |
| City | ANN ARBOR | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48109 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $2,875,826 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.ELSO.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2014 | FormationYr |
| Legal Domicile State | MI | LegalDomicileStateCd |
| Activity Or Mission | TO PROMOTE PUBLIC BENEFIT FROM BETTER PATIENT OUTCOMES THROUGH COLLABORATIVE EDUCATIONAL AND RESEARCH EFFORTS INCLUDING: MAINTENANCE OF A REGISTRY OF INFORMATION AND DATA FROM AND ABOUT CENTERS ACTIVE IN EXTRACORPOREAL LIFE SUPPORT AND THEIR PATIENTS FOR USE BY SCIENTISTS AND CLINICIANS IN AREAS RELATED TO EXTRACORPOREAL LIFE SUPPORT, AND PROVISION OF EDUCATIONAL AND TRAINING PROGRAMS AND INFORMATION ABOUT EXTRACORPOREAL LIFE SUPPORT FOR MEDICAL AND LAY COMMUNITIES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 6 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 6 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $2,093,838 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $2,413,259 | CYProgramServiceRevenueAmt |
| PY Investment Income | $2,760 | PYInvestmentIncomeAmt |
| CY Investment Income | $27,466 | CYInvestmentIncomeAmt |
| PY Other Revenue | $320,722 | PYOtherRevenueAmt |
| CY Other Revenue | $286,763 | CYOtherRevenueAmt |
| PY Total Revenue | $2,417,320 | PYTotalRevenueAmt |
| CY Total Revenue | $2,727,488 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $27,500 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $42,500 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| CY Salaries Comp Emp Bnft Paid | $48,000 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,733,357 | PYOtherExpensesAmt |
| CY Other Expenses | $1,830,130 | CYOtherExpensesAmt |
| PY Total Expenses | $1,760,857 | PYTotalExpensesAmt |
| CY Total Expenses | $1,920,630 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $656,463 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $806,858 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $2,798,992 | TotalAssetsBOYAmt |
| Total Assets EOY | $3,556,660 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $45,657 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $47,941 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $2,753,335 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $3,508,719 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | TO PROMOTE PUBLIC BENEFIT FROM BETTER PATIENT OUTCOMES THROUGH COLLABORATIVE EDUCATIONAL AND RESEARCH EFFORTS INCLUDING: MAINTENANCE OF A REGISTRY OF INFORMATION AND DATA FROM AND ABOUT CENTERS ACTIVE IN EXTRACORPOREAL LIFE SUPPORT AND THEIR PATIENTS FOR USE BY SCIENTISTS AND CLINICIANS IN AREAS RELATED TO EXTRACORPOREAL LIFE SUPPORT, AND PROVISION OF EDUCATIONAL AND TRAINING PROGRAMS AND INFORMATION ABOUT EXTRACORPOREAL LIFE SUPPORT FOR MEDICAL AND LAY COMMUNITIES. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $1,427,209 | ExpenseAmt |
| Desc | ELSO HOLDS AN ANNUAL MEETING WHICH TAKES PLACE IN SEPTEMBER AT VARIOUS VENUES THROUGHOUT THE UNITED STATES. PARTICIPANTS IN THE ANNUAL MEETING PURSUE NEW KNOWLEDGE THROUGH DISCUSSION AND PRESENTATIONS THAT DIRECTLY IMPACT THE MANAGEMENT AND CARE OF PATIENTS. DIDACTIC PRESENTATIONS, AS WELL AS RESEARCH AND CASE PRESENTATIONS ARE DISCUSSED TO ENHANCE THE AUDIENCE'S KNOWLEDGE IN THE AREAS OF RESPIRATORY AND/OR CARDIOVASCULAR FAILURE IN ADULTS AND CHILDREN. ELSO RUNS SPECIALIZED TRAINING COURSES 2-3 TIMES A YEAR AT VARIOUS LOCATIONS THROUGHOUT THE UNITED STATES. THE INTENSIVE FOUR DAY COURSE IS DESIGNED FOR PHYSICIANS AND SPECIALISTS CARING FOR PATIENTS WITH SEVERE ACUTE RESPIRATORY AND CARDIAC FAILURE WHO MAY BE CANDIDATES FOR EXTRACORPOREAL RESPIRATORY SUPPORT. ELSO PROVIDES GUIDELINES THAT ARE OPEN TO THE PUBLIC AND ARE AVAILABLE ON ELSO'S WEBSITE. THE GUIDELINES COMMITTEE MEETS A FEW TIMES A YEAR BOTH NATIONALLY AND INTERNATIONALLY. GUIDELINES ARE USED BY NEW AND EXISTING ELSO CENTERS TO DESIGN AND MAINTAIN THEIR ECMO PROGRAMS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $233,790 | ExpenseAmt |
| Grant | $42,500 | GrantAmt |
| Desc | THE ORGANIZATION MAINTAINS A REGISTRY OF, AT LEAST, USE OF EXTRACORPOREAL MEMBRANE OXYGENATION IN ACTIVE ELSO CENTERS. AS APPROPRIATE, REGISTRIES OF OTHER NOVEL FORMS OF ORGAN SYSTEM SUPPORT ARE WITHIN THE PURVIEW OF ELSO. REGISTRY DATA IS TO BE USED TO SUPPORT CLINICAL RESEARCH, SUPPORT REGULATORY AGENCIES, AND SUPPORT INDIVIDUAL ELSO CENTERS. ELSO PROVIDES EDUCATIONAL PROGRAMS FOR ACTIVE MEMBER CENTERS, AS WELL AS FOR THE BROADER MEDICAL AND LAY COMMUNITIES. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $1,660,999 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | false | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | Yes (true) | ForeignOfficeInd |
| Foreign Activities | Yes (true) | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 52 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 6 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 6 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | Yes (true) | LocalChaptersInd |
| Policies Reference Chapters | Yes (true) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MI | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PETER RYCUS | PersonNm |
| Phone | 7349986601 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2800 PLYMOUTH ROAD | AddressLine1Txt |
| Address Line2 | BLDG 300 ROOM 303 | AddressLine2Txt |
| City | ANN ARBOR | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48109 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| MARK OGINO MD | ||||||
| PRESIDENT | 8.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| MATTHEW PADEN MD | ||||||
| PRESIDENT EL | 4.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| DANIEL MICHAEL MCMULLAN MD | ||||||
| PAST PRESIDE | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| DANIEL BRODIE MD | ||||||
| TREASURER | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| GRAEME MACLAREN MD | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| ROBERT H BARTLETT MD | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| PETER RYCUS | ||||||
| EXECUTIVE DI | 30.00 | Yes (X) | $48,000 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $48,000 | TotalReportableCompFromOrgAmt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (2 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| INTERNET GLOBAL DATA SOLUTIONS CORP | |||||
| 6825 DIXIE HWY SUITE E | CLARKSTON | MI | 48346 | PROFESSIONAL | $278,591 |
| UNIVERSITY OF MICHIGAN | |||||
| 3003 S STATE STREET | ANN ARBOR | MI | 48109 | PROFESSIONAL | $244,004 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 2 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|
| MEMBERSHIP INCOME | $979,536 | $979,536 |
| ANNUAL MEETING | $678,158 | $678,158 |
| EDUCATION COURSES | $646,080 | $646,080 |
| AWARD OF EXCELLENCE | $109,485 | $109,485 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $2,413,259 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $23,904 | TotalRevenueColumnAmt |
| Exclusion | $23,904 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $25,000 | SecuritiesAmt |
| Other | $4,042 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $25,480 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$480 | SecuritiesAmt |
| Other | $4,042 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,562 | TotalRevenueColumnAmt |
| Exclusion | $3,562 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $408,287 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $122,858 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $285,429 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $285,429 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INCOME | Desc |
| Total Revenue Column | $1,334 | TotalRevenueColumnAmt |
| Exclusion | $1,334 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,334 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,727,488 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,698,688 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $28,800 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $35,000 | TotalAmt |
| Program Services | $35,000 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,500 | TotalAmt |
| Program Services | $7,500 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $48,000 | TotalAmt |
| Program Services | $43,200 | ProgramServicesAmt |
| Management And General | $4,800 | ManagementAndGeneralAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $212,594 | TotalAmt |
| Program Services | $191,335 | ProgramServicesAmt |
| Management And General | $21,259 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,093 | TotalAmt |
| Management And General | $21,093 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,249 | TotalAmt |
| Management And General | $6,249 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,653 | TotalAmt |
| Management And General | $2,653 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,615 | TotalAmt |
| Program Services | $22,615 | ProgramServicesAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,626 | TotalAmt |
| Management And General | $7,626 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $73,341 | TotalAmt |
| Program Services | $64,894 | ProgramServicesAmt |
| Management And General | $8,447 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $355,635 | TotalAmt |
| Program Services | $191,290 | ProgramServicesAmt |
| Management And General | $164,345 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,135 | TotalAmt |
| Management And General | $1,135 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,100,204 | TotalAmt |
| Program Services | $1,082,728 | ProgramServicesAmt |
| Management And General | $17,476 | ManagementAndGeneralAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,437 | TotalAmt |
| Program Services | $22,437 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,389 | TotalAmt |
| Management And General | $1,389 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER EXPENSES | Desc |
| Total | $3,159 | TotalAmt |
| Management And General | $3,159 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,920,630 | TotalAmt |
| Program Services | $1,660,999 | ProgramServicesAmt |
| Management And General | $259,631 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,279,147 | BOYAmt |
| EOY | $2,536,508 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,760 | BOYAmt |
| EOY | $45,924 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,061 | BOYAmt |
| EOY | $47,882 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $471,024 | BOYAmt |
| EOY | $926,346 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,798,992 | BOYAmt |
| EOY | $3,556,660 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,866 | BOYAmt |
| EOY | $34,150 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,791 | BOYAmt |
| EOY | $13,791 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $45,657 | BOYAmt |
| EOY | $47,941 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,753,335 | BOYAmt |
| EOY | $3,508,719 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,753,335 | BOYAmt |
| EOY | $3,508,719 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,798,992 | BOYAmt |
| EOY | $3,556,660 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $806,858 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$51,474 | NetUnrlzdGainsLossesInvstAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | false | FSAuditedInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $182,047 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,252,387 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,796,256 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,533,115 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,821,546 | CurrentTaxYearAmt |
| Total | $8,585,351 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $182,047 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,252,387 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,796,256 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,533,115 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,821,546 | CurrentTaxYearAmt |
| Total | $8,585,351 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $8,585,351 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | $8,135 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $23,904 | CurrentTaxYearAmt |
| Total | $32,039 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | $8,135 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $23,904 | CurrentTaxYearAmt |
| Total | $32,039 | TotalAmt |
Net Income From Other UBI NetIncomeFromOtherUBIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $852 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $173 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,911 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $334 | CurrentTaxYearAmt |
| Total | $6,270 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $182,047 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,253,239 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,796,429 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,546,161 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,845,784 | CurrentTaxYearAmt |
| Total | $8,623,660 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| First5 Years509 | Yes (X) | First5Years509Ind |
Schedule D IRS990ScheduleD
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| FUNDS DUE TO LAELSO | $7,428 |
| FUNDS DUE TO SWACELSO | $6,363 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $13,791 | TotalLiabilityAmt |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (2 entries)
| RegionRegionTxt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|
| EUROPE | 1 | RESEARCH GRANTS | ELSO REGISTRY | $2,500 |
| NORTH AMERICA | 1 | RESEARCH GRANTS | ELSO REGISTRY | $5,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Employees | 2 | SubtotalEmployeesCnt |
| Total Employee | 2 | TotalEmployeeCnt |
| Subtotal Spent | $7,500 | SubtotalSpentAmt |
| Total Spent | $7,500 | TotalSpentAmt |
| Transfer To Foreign Corp | false | TransferToForeignCorpInd |
| Interest In Foreign Trust | false | InterestInForeignTrustInd |
| Foreign Corp Ownership | false | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | false | PassiveForeignInvestmestCoInd |
| Foreign Partnership | false | ForeignPartnershipInd |
| Boycott Countries | false | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE F, PAGE 1, PART I, LINE 2 | THE RESEARCHER IS REQUIRED TO PRESENT THEIR FINDINGS AT THE ANNUAL ELSO MEETING AND THE RESULTS MUST BE SUBMITTED FOR PUBLICATION WITHIN ONE YEAR OF RECEIVING THE GRANT. |
| SCHEDULE F, PAGE 1, PART I, LINE 3 | EUROPE 2,500 0 NORTH AMERICA 5,000 0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | TO PROMOTE PUBLIC BENEFIT FROM BETTER PATIENT OUTCOMES THROUGH COLLABORATIVE EDUCATIONAL AND RESEARCH EFFORTS INCLUDING: MAINTENANCE OF A REGISTRY OF INFORMATION AND DATA FROM AND ABOUT CENTERS ACTIVE IN EXTRACORPOREAL LIFE SUPPORT AND THEIR PATIENTS FOR USE BY SCIENTISTS AND CLINICIANS IN AREAS RELATED TO EXTRACORPOREAL LIFE SUPPORT, AND PROVISION OF EDUCATIONAL AND TRAINING PROGRAMS AND INFORMATION ABOUT EXTRACORPOREAL LIFE SUPPORT FOR MEDICAL AND LAY COMMUNITIES. |
| FORM 990, PAGE 2, PART III, LINE 4A | ELSO HOLDS AN ANNUAL MEETING WHICH TAKES PLACE IN SEPTEMBER AT VARIOUS VENUES THROUGHOUT THE UNITED STATES. PARTICIPANTS IN THE ANNUAL MEETING PURSUE NEW KNOWLEDGE THROUGH DISCUSSION AND PRESENTATIONS THAT DIRECTLY IMPACT THE MANAGEMENT AND CARE OF PATIENTS. DIDACTIC PRESENTATIONS, AS WELL AS RESEARCH AND CASE PRESENTATIONS ARE DISCUSSED TO ENHANCE THE AUDIENCE'S KNOWLEDGE IN THE AREAS OF RESPIRATORY AND/OR CARDIOVASCULAR FAILURE IN ADULTS AND CHILDREN. ELSO RUNS SPECIALIZED TRAINING COURSES 2-3 TIMES A YEAR AT VARIOUS LOCATIONS THROUGHOUT THE UNITED STATES. THE INTENSIVE FOUR DAY COURSE IS DESIGNED FOR PHYSICIANS AND SPECIALISTS CARING FOR PATIENTS WITH SEVERE ACUTE RESPIRATORY AND CARDIAC FAILURE WHO MAY BE CANDIDATES FOR EXTRACORPOREAL RESPIRATORY SUPPORT. ELSO PROVIDES GUIDELINES THAT ARE OPEN TO THE PUBLIC AND ARE AVAILABLE ON ELSO'S WEBSITE. THE GUIDELINES COMMITTEE MEETS A FEW TIMES A YEAR BOTH NATIONALLY AND INTERNATIONALLY. GUIDELINES ARE USED BY NEW AND EXISTING ELSO CENTERS TO DESIGN AND MAINTAIN THEIR ECMO PROGRAMS. |
| FORM 990, PAGE 6, PART VI, LINE 6 | INSTITUTIONAL MEMBERSHIP A) EACH EXTRACORPOREAL LIFE SUPPORT PROGRAM THAT CONTRIBUTES CASES TO ELSO REGISTRY (A "LIMITED DATA SET" FROM PARTICIPATING CENTERS USEFUL FOR QUALITY ASSURANCE PURPOSES) IS CONSIDERED TO BE AN ACTIVE "INSTITUTIONAL MEMBER" OF ELSO. ACTIVE STATUS OF AN INSTITUTIONAL MEMBER IS MAINTAINED FOR AS LONG AS THE INSTITUTIONAL MEMBER REGULARLY CONTRIBUTES CASES TO THE REGISTRY AND PAYS ITS DUES. AN INSTITUTIONAL MEMBER IS INACTIVE IF IT HAS NOT REPORTED ANY CASES TO THE REGISTRY FOR PERIOD OF TWELVE CONSECUTIVE MONTHS, OR IF ITS DUES ARE IN ARREARS FOR MORE THAN SIX MONTHS. B) IN ANY ACTION OF ELSO, WHICH IS TO BE DETERMINED BY VOTE OF THE INSTITUTIONAL MEMBERS, EACH INSTITUTIONAL MEMBER SHALL HAVE ONE VOTE. THE VOTING REPRESENTATIVE SHALL BE THE INSTITUTION MEMBER'S ECLS PROGRAM DIRECTOR OR HIS OR HER DESIGNEE. C) EACH ACTIVE INSTITUTIONAL MEMBER MAY DESIGNATE AS MANY INDIVIDUAL REPRESENTATIVES AS IT WISHES TO PARTICIPATE IN THE VARIOUS ACTIVITIES OF ELSO. INACTIVE INSTITUTIONAL MEMBERS AND THEIR INDIVIDUAL REPRESENTATIVES MAY NOT PARTICIPATE IN THE ACTIVITIES OF ELSO. CORPORATE MEMBERSHIP A) "CORPORATE MEMBERSHIP" MAY BE HELD BY CORPORATIONS WHO ARE ACTIVE IN RESEARCH AND DEVELOPMENT OF EXTRACORPOREAL DEVICES, DRUGS, AND TECHNIQUES. B) EACH CORPORATE MEMBER MAY DESIGNATE AS MANY INDIVIDUAL REPRESENTATIVES AS IT WISHES TO PARTICIPATE IN THE VARIOUS ACTIVITIES OF THE ORGANIZATION. C) CORPORATE MEMBERS SHALL NOT VOTE AND MAY NOT ATTEND STEERING COMMITTEE MEETINGS EXCEPT BY SPECIAL INVITATION OF THE STEERING COMMITTEE. INDIVIDUAL MEMBERSHIP A) INTERESTED INDIVIDUALS WHO ARE RESEARCH SCIENTISTS OR MEMBERS OF REGULATORY OR PUBLIC HEALTH INSTITUTIONS THAT ARE NOT AFFILIATED WITH AN ACTIVE INSTITUTIONAL MEMBER OR CORPORATE MEMBER ARE ELIGIBLE FOR "INDIVIDUAL MEMBERSHIP" B) INDIVIDUAL MEMBERS MAY PARTICIPATE IN ALL THE ACTIVITIES OF ELSO C) INDIVIDUAL MEMBERS SHALL NOT VOTE AND MAY NOT ATTEND STEERING COMMITTEE MEETINGS EXCEPT BY SPECIAL INVITATION OF THE STEERING COMMITTEE. D) APPLICATION FOR INDIVIDUAL MEMBERSHIP MUST BE SPONSORED BY AN INSTITUTIONAL MEMBER AND BE REVIEWED AND APPROVED BY THE STEERING COMMITTEE. |
| FORM 990, PAGE 6, PART VI, LINE 7A | THE OFFICERS AND OTHER BOARD MEMBERS WILL BE ELECTED ANNUALLY BY AN ELECTRONIC VOTE FROM A SLATE OF NOMINEES FOR OPEN POSITIONS PROVIDED BY THE STEERING COMMITTEE. EACH ACTIVE INSTITUTIONAL MEMBER SHALL HAVE ONE VOTE. THE NOMINEES RECEIVING THE MAJORITY OF VOTES FOR EACH VACANT OFFICE SHALL BE ELECTED. THE RESULTS OF THE ELECTION WILL BE REPORTED BY THE THEN SERVING BOARD CHAIRPERSON AT THE NEXT ANNUAL MEETING OF ELSO FOLLOWING THE ELECTION. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS. ONCE THE BOARD APPROVES THE FORM 990 IS SIGNED AND SUBMITTED. |
| FORM 990, PAGE 6, PART VI, LINE 12C | IN THE EVENT THAT THE BOARD SHOULD ESTABLISH THAT A PROPOSED TRANSACTION OR ARRANGEMENT ESTABLISHES A CONFLICT OF INTEREST, THE BOARD SHALL THEN PROCEED WITH THE FOLLOWING ACTIONS: A)ANY INTERESTED INDIVIDUAL MAY RENDER A REQUEST OR REPORT AT THE BOARD MEETING, BUT UPON COMPLETION OF SAID REQUEST OR REPORT THE INDIVIDUAL SHALL BE EXCUSED WHILE THE BOARD DISCUSSES THE INFORMATION AND/OR MATERIAL PRESENTED, AND THEN VOTES ON THE TRANSACTION OR ARRANGEMENT PROPOSED INVOLVING THE POSSIBLE CONFLICT OF INTEREST. B)THE CHAIRPERSON OF THE BOARD SHALL, IF DEEMED NECESSARY AND APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. C)AFTER EXERCISING DUE DILIGENCE, THE BOARD SHALL DETERMINE WHETHER ELSO CAN OBTAIN WILL REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. D)IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE BOARD SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN ELSO'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION ARRANGEMENT IN CONFORMITY WITH THIS DETERMINATION. SHOULD THE BOARD HAVE REASONABLE CAUSE TO BELIEVE AN INTERESTED PERSON HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, THE BOARD SHALL THEN INFORM THE INTERESTED PERSON OF THE BASIS FOR SUCH BELIEF AND AFFORD THE INTERESTED PERSON AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE INTERESTED PERSON'S EXPLANATION AND AFTER MAKING FURTHER INVESTIGATION AS MAY BE WARRANTED IN CONSIDERATION OF THE CIRCUMSTANCES, THE BOARD DETERMINES THE INTERESTED PERSON INTENTIONALLY FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. ALL MINUTES OF THE BOARD MEETINGS, WHEN APPLICABLE, SHALL CONTAIN THE FOLLOWING INFORMATION: A)THE NAMES OF ALL THE PERSONS WHO DISCLOSED OR OTHERWISE WERE FOUND TO HAVE A FINANCIAL INTEREST IN CONNECTION WITH AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE NATURE OF THE FINANCIAL INTEREST, ANY ACTION TAKEN TO DETERMINE WHETHER A CONFLICT OF INTEREST WAS PRESENT, AND THE BOARD'S DECISION AS TO WHETHER A CONFLICT OF INTEREST IN FACT EXISTED. B)THE NAMES OF THE PERSONS WHO WERE PRESENT FOR DISCUSSIONS AND VOTES RELATING TO THE TRANSACTION OR ARRANGEMENT, THE CONTENT OF THE DISCUSSIONS, INCLUDING ANY ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT, AND A RECORD OF ANY VOTES TAKEN IN CONNECTION WITH THE PROCEEDINGS. |
| FORM 990, PAGE 6, PART VI, LINE 15A | IN DETERMINING THE COMPENSATION OF TOP OFFICIALS, FIRST A MARKET RESEARCH IS CONDUCTED FOR COMPARABLE SALARIES. THE RESULTS OF THE MARKET RESEARCH ARE REVIEWED BY THE STEERING COMMITTEE WHICH THEN MAKES A RECOMMENDATION FOR COMPENSATION TO THE BOARD FOR APPROVAL. |
| FORM 990, PAGE 6, PART VI, LINE 19 | ELSO SHALL KEEP AT ITS PRINCIPAL OFFICE A COPY OF ITS FEDERAL TAX EXEMPTION APPLICATION AND ITS ANNUAL INFORMATION RETURNS FOR THREE YEARS FROM THEIR DATE OF FILING, WHICH SHALL BE OPEN TO PUBLIC INSPECTION AND COPYING TO THE EXTENT REQUIRED BY LAW. |
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