2017-05-02T15:34:35-05:00 2016-09-30 050255779 SANSIVERI KIMBALL & CO LLP 50 HOLDEN STREET PROVIDENCE RI 02908 990 2015-10-01 050317817 RHODE ISLAND BLOOD CENTER RHOD 4014538360 405 PROMENADE STREET PROVIDENCE RI 02908 KENNETH ALLEN CHIEF FINANCIAL OFFICER 4014538519 2017-04-10 1 ELIZABETH RESENDES CPA P00533754 4013310500 2017-04-10 2015 2021-01-29 14:40:06Z LAWRENCE SMITH 405 PROMENADE STREET PROVIDENCE RI 02908 43698136 0 X WWW.RIBC.ORG X 1979 RI COLLECTION, TESTING & DISTRIB. OF BLOOD & BLOOD PRODUCTS FOR HOSPITALS IN RI & OTHER STATES. 16 13 393 87 0 0 15550 4898 38760980 40202793 981913 663736 -2277 105760 39756166 40977187 0 0 0 0 20674675 18022117 0 0 0 20259654 22812255 40934329 40834372 -1178163 142815 38903573 38990338 12962722 12689896 25940851 26300442 THE RHODE ISLAND BLOOD CENTER COLLECTS, TESTS, AND DISTRIBUTES BLOOD AND BLOOD PRODUCTS FOR HOSPITALS IN RHODE ISLAND WHILE ALSO SERVING CUSTOMERS IN VARIOUS STATES, PRINCIPALLY IN NEW ENGLAND. 0 0 34945047 40202793 COLLECTION, TESTING, AND DISTRIBUTION OF BLOOD AND BLOOD PRODUCTS FOR HOSPITALS IN RHODE ISLAND WHILE ALSO SERVING CUSTOMERS IN VARIOUS STATES, PRINCIPALLY IN NEW ENGLAND. 34945047 1 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 14 0 1 393 1 0 0 0 0 0 0 0 0 0 0 X 16 13 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X X KENNETH ALLEN CFO 4014538519 405 PROMENADE STREET PROVIDENCE RI 02908 LAWRENCE F SMITH PRESIDENT & CEO 40.00 X X 355222 0 105368 DARIUSZ STACHURSKI MD TRUSTEE 0.20 X 0 0 0 ALAN M LOTVIN MD TRUSTEE 0.20 X 0 0 0 CYNTHIA WYMAN TRUSTEE 0.20 X 0 0 0 JAMES MONIZ JR CPA TRUSTEE 0.20 X 0 0 0 JOSEPH SWEENEY MD TRUSTEE 0.20 X 0 0 0 SAMUEL CIOTOLA TRUSTEE 0.20 X 0 0 0 SANDRA L COLETTA TRUSTEE 0.20 X 0 0 0 STEPHEN J CARLOTTI TRUSTEE 0.20 X 0 0 0 WILLIAM P MCGILLIVRAY CPA TRUSTEE 0.20 X 0 0 0 NICHOLAS P DOMINICK JR TRUSTEE 0.20 X 0 0 0 ANDREW M RAUCCI TRUSTEE 0.20 X 0 0 0 CHRISTOPHER M LEHRACH MD MBA TRUSTEE 0.20 X 0 0 0 MARK A SHAW TRUSTEE, CHAIRMAN 0.20 X X 0 0 0 R STEPHEN MANTY CPA TRUSTEE, TREASURER 0.20 X X 0 0 0 CHARLES R REPPUCCI TRUSTEE, VICE CHAIRMAN 0.20 X X 0 0 0 KENNETH N ALLEN JR CHIEF FINANCIAL OFFICER 40.00 X 184125 0 26941 CAROLYN T YOUNG MD VP & CHIEF MEDICAL OFCR 40.00 X 290072 0 30525 SCOTT J ASADORIAN VP & CHIEF OPER OFFICER 40.00 X 261142 0 20837 DARLENE FOLAN VP QUALITY ASSURANCE 40.00 X 156981 0 25517 PATRICIA LANG DIR. PATIENT & CELL THERAP 40.00 X 125435 0 23643 MASSIMO MANGIOLA DIR. SPECIAL SERVICES 40.00 X 113752 0 6689 PAUL FOURNIER DIRECTOR OF ACCOUNTING 40.00 X 111323 0 19511 KATHRYN E MANCHESTER DIRECTOR OF IT 40.00 X 153205 0 15373 DAVID REYNOLDS SYSTEMS NETWORK MANAGER 40.00 X 115765 0 22758 1867022 0 297162 16 0 1 0 0 4898 4898 SALES-BLOOD/COMPONENTS 900099 31896954 31896954 LABORATORY & TEST SVCS 900099 7565547 7565547 RECOVERED PLASMA 900099 686569 686569 53723 53723 40202793 194342 194342 130160 24400 105760 105760 105760 3165943 2640760 55789 525183 -55789 469394 469394 40977187 40202793 0 769496 1409610 1409610 12681293 11276543 1404750 418699 363308 55391 2539466 2181472 357994 973049 817329 155720 52161 52161 41260 41260 9000 9000 481411 116511 364900 389967 389967 616315 429743 186572 312723 142208 170515 997838 404806 593032 419867 393985 25882 45387 19046 26341 337850 337850 1363854 668306 695548 316449 316449 PRODUCTION 16167634 16147086 20548 SHIPPING 914089 829209 84880 EQUIP/FURN RENTAL/MAINT 240799 188057 52742 DUES AND FEES 54082 188052 -133970 51569 51569 40834372 34945047 5889325 0 3491683 2407837 5270248 5746947 1363646 1435200 528005 471918 28157418 11870686 17297533 16286732 10026116 11732653 837737 909051 88605 0 38903573 38990338 3860417 3797658 8320447 8044095 57375 48875 724483 799268 12962722 12689896 X 25940851 26300442 25940851 26300442 38903573 38990338 142815 216776 0 X X 0 1 X 1 0 X 170809 191020 104000 15550 4898 486277 44381944 44003911 42047341 38760980 40202791 209396967 44552753 44194931 42151341 38776530 40207689 209883244 0 0 0 209883244 180383 176760 189993 172830 324502 1044468 180383 176760 189993 172830 324502 1044468 44733136 44371691 42341334 38949360 40532191 210927712 0.99500 0.99580 0.00500 0.00420 X 0 0 0 0 0 0 1 0 0 1 9000 9000 0 PART II-B, LINE 1: IN 2016, RHODE ISLAND BLOOD CENTER UTILIZED A LOBBYIST TO MONITOR LEGISLATION ACTIVITY. 2443991 2443991 15796973 4163525 11633448 9164564 7244867 1919697 751890 462294 289596 16286732 DEFERRED COMPENSATION 799268 799268 X 41193963 216776 216776 40977187 0 40977187 40834372 0 40834372 0 40834372 PART X, LINE 2: RIBC EVALUATES ALL SIGNIFICANT TAX POSITIONS. AS OF SEPTEMBER 30, 2016, RIBC DOES NOT BELIEVE THAT THEY HAVE TAKEN ANY TAX POSITIONS THAT WOULD REQUIRE THE RECORDING OF ANY TAX LIABILITY NOR DOES IT BELIEVE THAT THERE ARE ANY UNREALIZED TAX BENEFITS THAT WOULD EITHER INCREASE OR DECREASE WITHIN THE NEXT TWELVE MONTHS. RIBC'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE APPROPRIATE TAXING JURISDICTIONS. AS OF SEPTEMBER 30, 2016, RIBC'S INCOME TAX RETURNS GENERALLY REMAIN OPEN FOR EXAMINATION FOR THREE YEARS FROM THE DATE FILED WITH EACH TAXING JURISDICTION. X X X X X X 0 1 0 0 0 0 0 0 0 LAWRENCE F SMITH PRESIDENT & CEO 355222 0 0 0 0 0 87535 0 17833 0 460590 0 0 0 KENNETH N ALLEN JR CHIEF FINANCIAL OFFICER 184125 0 0 0 0 0 9486 0 17455 0 211066 0 0 0 CAROLYN T YOUNG MD VP & CHIEF MEDICAL OFCR 290072 0 0 0 0 0 12750 0 17775 0 320597 0 0 0 SCOTT J ASADORIAN VP & CHIEF OPER OFFICER 261142 0 0 0 0 0 12750 0 8087 0 281979 0 0 0 DARLENE FOLAN VP QUALITY ASSURANCE 156981 0 0 0 0 0 8164 0 17353 0 182498 0 0 0 KATHRYN E MANCHESTER DIRECTOR OF IT 153205 0 0 0 0 0 7595 0 7778 0 168578 0 0 0 PART I, LINE 4B LAWRENCE F. SMITH (PRESIDENT & CEO)- SERP ACCRUAL FOR THE YEAR WAS $74,785. PART I, LINE 5 SENIOR MANAGEMENT AND CERTAIN HIGH-LEVEL EMPLOYEES PARTICIPATE IN A MANAGEMENT INCENTIVE PROGRAM UNDER WHICH COMPENSATION IS EARNED SUBJECT TO THE REALIZATION OF PERFORMANCE GOALS BASED ON FACTORS SUCH AS REVENUES, QUALITY CONTROL FACTORS AND OPERATING PROFITABILITY. HOWEVER, NO SUCH COMPENSATION WAS PAID OR ACCRUED IN THE CURRENT FISCAL YEAR. PART I, LINE 6 SEE COMMENT ON PART I, LINE 5, ABOVE. A RHODE ISLAND HEALTH AND EDUCATIONAL BUILDING CORPORATION 521300173 2012-06-29 9000000 CONSTRUCTION OF AN ADDITION & RENOVATION OF FACILITIES. 0 0 0 A 9000000 98450 8497647 403903 2014 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 1 0 0 0 0 0 1 A 0 SCHEDULE K, PART I, BOND ISSUES PROCEEDS FROM THE BOND WERE BE USED TO FINANCE THE ACQUISITION, CONSTRUCTION, EQUIPPING AND FURNISHING OF A 20,000 SQUARE FOOT ADDITION ADJACENT TO THE MAIN FACILITY. THE ADDITION HOUSES THE ORGANIZATION'S OPERATIONAL REGULATORY FUNCTIONS, INCLUDING LABORATORIES AND DISTRIBUTION FUNCTIONS. IN ADDITION, RENOVATIONS AND IMPROVEMENTS WERE MADE TO THE ORGANIZATION'S MAIN FACILITY LOCATED AT 405 PROMENADE ST, PROVIDENCE, RI. SCHEDULE K, PART II, LINE 11 THE PROCEEDS FROM THE BOND ISSUE WERE PROVIDED IN THE FORM OF A DRAW DOWN FACILITY FROM WHICH PROCEEDS COULD BE DRAWN DOWN UNTIL MARCH 29, 2014. ALL AMOUNTS DRAWN WERE USED FOR CAPITAL EXPENDITURES AND BOND ISSUANCE COSTS IN THE AMOUNTS AS DESCRIBED ABOVE. ON MARCH 29, 2014, THE DRAW DOWN FACILITY CONVERTED TO A LOAN PAYABLE REQUIRING PRINCIPAL AND INTEREST PAYMENTS. AT THE CONVERSION DATE, THE TOTAL OUTSTANDING BORROWINGS AMOUNTED TO $8,596,097. A PREPAYMENT WAS MADE ON THE BOND FOR THE BALANCE OF THE BOND ISSUE, $403,903. WILLIAM P MCGILLIVRAY CPA TRUSTEE 303328 WILLIAM P. MCGILLIVRAY IS AN OFFICER OF STARKWEATHER & SHEPLEY, WHICH SERVES AS INSURANCE BROKER TO THE ORGANIZATION. THE TRANSACTION AMOUNT PROVIDED ABOVE REPRESENTS PREMIUMS PAID FOR VARIOUS TYPES OF INSURANCE COVERAGE PURCHASED IN THE ORDINARY COURSE OF THE ORGANIZATION'S BUSINESS. 0 JAMES MONIZ JR CPA TRUSTEE 303328 JAMES MONIZ, JR. IS AN OFFICER OF STARKWEATHER & SHEPLEY, WHICH SERVES AS INSURANCE BROKER TO THE ORGANIZATION. THE TRANSACTION AMOUNT PROVIDED ABOVE REPRESENTS PREMIUMS PAID FOR VARIOUS TYPES OF INSURANCE COVERAGE PURCHASED IN THE ORDINARY COURSE OF THE ORGANIZATION'S BUSINESS. 0 CHARLES R REPPUCCI TRUSTEE, VICE CHAIRMAN 47945 CHARLES REPPUCCI HAS A FAMILY MEMBER (BROTHER-IN-LAW) WHO RECEIVES COMPENSATION FROM THE ORGANIZATION. 0 FORM 990, PART VI, SECTION A, LINE 1 LINE 1A EXCEPT AS PROVIDED BY APPLICABLE STATE LAW, THE ARTICLES OF INCORPORATION OF THE ORGANIZATION, OR BY FURTHER RESOLUTION OF A MAJORITY OF THE BOARD, THE ORGANIZATION'S EXECUTIVE COMMITTEE MAY EXERCISE THE FULL AUTHORITY OF THE BOARD, AS NEEDED, BETWEEN MEETINGS OF THE BOARD. SUCH EXECUTIVE COMMITTEE IS COMPOSED OF THE CHAIRPERSON AND VICE-CHAIRPERSON OF THE BOARD, THE PRESIDENT AND FIVE OTHER TRUSTEES OF THE ORGANIZATION. IN THE EVENT THAT ANY MEMBER OF THE EXECUTIVE COMMITTEE CEASES TO BE A TRUSTEE OF THE ORGANIZATION, HIS OR HER POSITION ON THE EXECUTIVE COMMITTEE SHALL BE DEEMED VACANT AND SHALL BE FILLED IN ACCORDANCE WITH THE BY-LAWS OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 2 CHARLES REPPUCCI IS AN OFFICER OF HINCKLEY, ALLEN & SNYDER LLP. STEPHEN CARLOTTI WAS A PARTNER AT HINCKLEY, ALLEN & SNYDER LLP DURING THE FISCAL YEAR. NICHOLAS DOMINICK IS AN OFFICER OR KEY EMPLOYEE OF LIFESPAN CORPORATION AND/OR ORGANIZATIONS THAT ARE ULTIMATELY CONTROLLED BY LIFESPAN CORPORATION. NICHOLAS DOMINICK AND JOSEPH SWEENEY ARE EMPLOYED BY ORGANIZATIONS THAT ARE ULTIMATELY CONTROLLED BY LIFESPAN CORPORATION. IN ADDITION, JOSEPH SWEENEY MAY BE AN OFFICER OR KEY EMPLOYEE OF SUCH EMPLOYER ORGANIZATIONS. CHARLES REPPUCCI IS A MEMBER OF THE GOVERNING BODY OF CARE NEW ENGLAND. SANDRA COLETTA IS AN OFFICER OR KEY EMPLOYEE OF CARE NEW ENGLAND AND/OR AN ORGANIZATION THAT IS ULTIMATELY CONTROLLED BY CARE NEW ENGLAND. LAWRENCE SMITH IS A MEMBER OF THE GOVERNING BODY OF BLOOD CENTERS OF AMERICA. FORM 990, PART VI, SECTION A, LINE 7A BOARD TRUSTEES THAT ARE "HOSPITAL DESIGNEES," DISTINGUISHED FROM TRUSTEES AT LARGE, ARE APPOINTED BY NON-GOVERNMENTAL HOSPITALS LICENSED IN THE STATE OF RHODE ISLAND THAT UTILIZE BLOOD BANKING SERVICES. PERSONS DESIGNATED TO SERVE AS HOSPITAL DESIGNEES OF THE ORGANIZATION SHALL BE EITHER EMPLOYEES OF THE DESIGNATING HOSPITAL OR MEMBERS OF THE GOVERNING BODY OF THE DESIGNATING HOSPITAL. EACH HOSPITAL DESIGNEE SERVES ON THE BOARD FOR ONE YEAR OR UNTIL A SUCCESSOR IS DESIGNATED AND HAS QUALIFIED. TRUSTEES AT LARGE ARE APPOINTED BY THE BOARD. THE NUMBER OF SUCH HOSPITAL DESIGNEES AND THE NUMBER OF OTHER BOARD MEMBERS SHALL BE AS NEARLY EQUAL IN NUMBER AS POSSIBLE; PROVIDED, THAT THE NUMBER OF TRUSTEES AT LARGE SHALL NOT EXCEED THE AGGREGATE NUMBER OF HOSPITAL DESIGNEES. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS DISTRIBUTED TO THE BOARD OF TRUSTEES OF THE ORGANIZATION PRIOR TO FILING. IN ADDITION, THE FORM 990 IS REVIEWED AND DISCUSSED BY THE ORGANIZATION'S AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION ANNUALLY DISTRIBUTES A CONFLICT OF INTEREST DISCLOSURE QUESTIONNAIRE TO ALL BOARD MEMBERS, OFFICERS, AND HIGH-LEVEL EMPLOYEES. A DESCRIPTION OF VARIOUS TYPES OF POTENTIAL CONFLICTS IS GIVEN AND RECIPIENTS ARE ASKED TO DISCLOSE FINANCIAL, PROFESSIONAL, AND PERSONAL CONFLICTS, IF ANY. DISCLOSURES MADE BY RECIPIENTS ARE REVIEWED BY MANAGEMENT, INCLUDING THE BOARD AND OUTSIDE COUNSEL, AS NEEDED. WHEN APPROPRIATE, THE BOARD MAY TAKE FURTHER ACTION TO ADDRESS THE CONFLICT, SUCH AS PROHIBITING A PERSON WITH A CONFLICT FROM VOTING ON CERTAIN ISSUES, OR OTHER APPROPRIATE MEASURES DEEMED NECESSARY TO PROTECT THE BEST INTERESTS OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD APPOINTS A COMPENSATION COMMITTEE COMPRISED OF THREE TO FIVE TRUSTEES, NONE OF WHOM HAVE AN UNDISCLOSED CONFLICT OF INTEREST WITH RESPECT TO THE DISCHARGE OF THEIR DUTIES ON BEHALF OF THE COMPENSATION COMMITTEE. IN THE EVENT THAT ANY MEMBER OF THE COMPENSATION COMMITTEE CEASES TO BE A TRUSTEE, HIS OR HER POSITION ON THE COMPENSATION COMMITTEE SHALL BE DEEMED VACANT AND SHALL BE FILLED IN ACCORDANCE WITH THE BY-LAWS OF THE ORGANIZATION. THE COMPENSATION COMMITTEE'S DUTIES INCLUDE PERIODICALLY REVIEWING THE ORGANIZATION'S EXECUTIVE COMPENSATION PHILOSOPHY AND PLAN AND MAKING RECOMMENDATIONS AS APPROPRIATE, ANNUALLY RECOMMENDING WRITTEN PERFORMANCE GOALS AND OBJECTIVES FOR THE PRESIDENT AND CHIEF EXECUTIVE OFFICER, ANNUALLY CONDUCTING A WRITTEN PERFORMANCE REVIEW OF THE PRESIDENT AND CHIEF EXECUTIVE OFFICER, ANNUALLY ESTABLISHING THE PRESIDENT AND CHIEF EXECUTIVE OFFICER'S COMPENSATION (INCLUDING PERFORMANCE OR OTHER BONUSES, IF ANY), AND ANNUALLY APPROVING THE COMPENSATION OF OTHER KEY EXECUTIVES. THE COMPENSATION OF THE PRESIDENT AND CHIEF EXECUTIVE OFFICER SHALL BE BASED ON A WRITTEN REVIEW OF THE PRESIDENT AND CHIEF EXECUTIVE OFFICER'S PERFORMANCE, THE ORGANIZATION'S EXECUTIVE COMPENSATION PLAN, A RECENT SALARY SURVEY OF POSITIONS COMPARABLE TO THAT OF THE ORGANIZATION'S PRESIDENT AND CHIEF EXECUTIVE OFFICER, AND SUCH OTHER FACTORS AS THE COMPENSATION COMMITTEE DETERMINES TO BE IN THE ORGANIZATION'S INTEREST. IN ADDITION, THE COMPENSATION COMMITTEE PERIODICALLY ENGAGES A COMPENSATION CONSULTANT TO PROVIDE ADVICE REGARDING THE COMPENSATION OF THE PRESIDENT AND CHIEF EXECUTIVE OFFICER. THE COMPENSATION COMMITTEE SHALL PROVIDE TO THE BOARD A REPORT DETAILING THE COMPENSATION (INCLUDING PERFORMANCE AND OTHER BONUSES, IF ANY) SET FOR THE PRESIDENT AND CHIEF EXECUTIVE OFFICER AND THE REASONS THEREFOR. THE COMPENSATION COMMITTEE ALSO REVIEWS AND APPROVES PRESIDENT AND CHIEF EXECUTIVE OFFICER SALARY RECOMMENDATIONS FOR THE POSITIONS OF (I) VICE PRESIDENT AND CHIEF OPERATING OFFICER; (II) CHIEF FINANCIAL OFFICER; AND (III) VICE PRESIDENT AND CHIEF MEDICAL OFFICER OF THE ORGANIZATION. OTHER DUTIES OF THE COMPENSATION COMMITTEE INCLUDE REVIEW AND APPROVAL THE OVERALL COMPENSATION POLICY INCLUDING THE BONUS PLANS OF THE ORGANIZATION AND PROVISION OF OVERSIGHT REGARDING ALL RETIREMENT AND PENSION PLANS CURRENTLY IN PLACE AND WHICH MAY BE IN PLACE FROM TIME TO TIME. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC WHERE REQUIRED BY APPLICABLE LAW AND WHEN DEEMED APPROPRIATE BY THE ORGANIZATION. FORM 990, PART XII, ITEM 2C THE PROCESS OF THE AUDIT COMMITTEE REVIEW OF AUDITED FINANCIAL STATEMENTS AND SELECTION OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT HAS NOT CHANGED FROM PRIOR YEARS.