2016-08-12T09:41:37-05:00 2015-12-31 Grant Thornton LLP 100 E Wisconsin Ave Milwaukee WI 53202 990 2015-01-01 390807235 BloodCenter of Wisconsin Inc % PAUL MATSON BLOO 4149335000 PO Box 2178 638 North 18th St Milwaukee WI 532012178 JACQUELYN FREDRICK PRESIDENT & CEO 4149335000 2016-08-14 true Daniel V Romano P00504182 4142898200 2016-08-10 2015 2016-12-15 16:53:06Z JACQUELYN FREDRICK 638 N 18th Street Milwaukee WI 532012178 220394095 false X WWW.BCW.EDU X 1947 WI RECRUITS BLOOD, STEM CELLS, ORGAN, TISSUE PROVIDES BLOOD, DIAGNOSTIC LAB TESTING, CLINICAL SERVICES, & SPECIALTY PHARMACEUTICALS. CONDUCTS RESEARCH. STRIVES TO PROTECT PUBLIC SAFETY. 21 19 1157 356 0 19235934 20381758 133578703 139398787 651734 923120 98063 337531 153564434 161041196 5288742 3361749 0 0 70796401 71389030 0 0 0 73267656 78215269 149352799 152966048 4211635 8075148 132993556 141088614 42791034 45658320 90202522 95430294 X RECRUITS BLOOD, STEM CELLS, ORGAN AND TISSUE DONATIONS. PROVIDES BLOOD, DIAGNOSTIC LAB TESTING, CLINICAL SERVICES & SPECIALTY PHARMACEUTICALS. CONDUCTS RESEARCH. STRIVES TO PROTECT PUBLIC SAFETY. false false 47175469 172949 58972180 BLOODCENTER OF WISCONSIN, INC. FULFILLS ITS TAX-EXEMPT PURPOSE BY RECRUITING VOLUNTEER BLOOD DONORS, COLLECTING, PROCESSING AND DISTRIBUTING BLOOD AND BLOOD COMPONENTS TO PROVIDE A SAFE AND STABLE SOURCE FOR CUSTOMERS AT THE 56 HOSPITALS AND OTHER BLOOD CENTERS WE SUPPLY. IN THE YEAR ENDED 2015, OVER 182,955 DONORS COLLECTED OVER 210,108 UNITS OF BLOOD TO PATIENTS IN NEED. 24569864 97800 28526882 BLOODCENTER OF WISCONSIN, INC. OPERATES THE COMPREHENSIVE CENTER FOR BLEEDING DISORDERS (CCBD), UNDER A FEDERAL SUBAWARD AGREEMENT OF THE SOCIAL SECURITY ACT. CCBD PROVIDES CRITICAL SERVICES TO BLEEDING & CLOTTING DISORDER PATIENTS & THEIR FAMILIES. AS A COVERED ENTITY UNDER THE FEDERAL 340B DRUG DISCOUNT PROGRAM, BCW IS ELIGIBLE TO ACCESS CERTAIN PHARMACEUTICALS AT DISCOUNTED PRICING. PHARMACEUTICAL NET INCOME IS PROGRAM INCOME & FUNDS ARE RESTRICTED TO ACTIVITIES & EXPENDITURES THAT FURTHER ELIGIBLE PROJECTS & PROGRAM OBJECTIVES, INCLUDING PATIENT CARE, EDUCATION, SUPPORT SERVICES, APPROVED GRANT RESEARCH & OTHER COSTS. 20451623 500 32966770 BLOODCENTER OF WISCONSIN, INC. FULFILLS ITS TAX-EXEMPT PURPOSE OF PROVIDING DIAGNOSTIC LABORATORY TESTING IN THE AREAS OF HISTOCOMPATIBILITY, TRANSPLANT SEQUENCING, MOLECULAR DIAGNOSTICS, CORE ISOLATION, PLATELET & NEUTROPHIL IMMUNOLOGY, HEMOSTASIS REFERENCE, IMMUNOHEMATOLOGY REFERENCE, TRANSFUSION SERVICES, MOLECULAR ONCOLOGY, RED CELL GENOTYPING AND GENOMICS. 23512809 3058000 0 blood research institute 10114363 11902649 Organ and tissue donation 6426109 7373937 medical services 40053281 3090500 19276586 132250237 true true false true false false false false false true true false false false true true false true false false false false false false false false false true false true true false false false false false false false false false false false false false false false true true true false false true 175 0 true 1157 true false false false false false false false false false false X 21 19 true false false false true true true true true false false true true true true true true true true false WI X X PAUL MATSON 4149376349 638 N 18TH STREET Milwaukee WI 532332121 X Jacquelyn Fredrick President & CEO 15.0 40.0 X X 876096 0 277928 Gilbert White MD Exec VP Research & Dir BRI 53.0 2.0 X X 574898 0 40681 Peter Ziegler Chair 1.0 3.0 X X 0 0 0 James M Rauh Vice Chair 1.0 2.0 X X 0 0 0 John D Oliverio Corporate Secretary 1.0 2.0 X X 0 0 0 Dale Kent Treasurer 1.0 2.0 X X 0 0 0 Richard Anderson MD Board Member - As of 4/2015 1.0 2.0 X 0 0 0 Alberta Darling Senator Board Member 1.0 1.0 X 0 0 0 Susan Edwards Board Member 1.0 1.0 X 0 0 0 Richard S Gallagher Board Member 1.0 3.0 X 0 0 0 Emery Harlan Board Member 1.0 1.0 X 0 0 0 Cathy Jacobson Board Member 1.0 1.0 X 0 0 0 Robert H Manegold Board Member 1.0 3.0 X 0 0 0 Jeffrey S McDonald Board Member - As of 4/2015 1.0 1.0 X 0 0 0 Joan M Prince PHD Board Member 1.0 1.0 X 0 0 0 Larry Rambo Board Member 1.0 1.0 X 0 0 0 Corey B Rubenstein Board Member - As of 4/2015 1.0 2.0 X 0 0 0 Johan Segerdahl Board Member 1.0 1.0 X 0 0 0 Paul Skalecki Board Member 1.0 1.0 X 0 0 0 Jeffrey Smith MD MMM Board Member 1.0 1.0 X 0 0 0 Peggy Troy Board Member 1.0 1.0 X 0 0 0 Thomas Abshire MD SR VP MSI & CMO 55.0 X 486033 0 22988 Ilke Panzer Sr VP Diagnostic Labs 55.0 X 416007 0 36360 James Mitchell Sr VP Blood Services 40.0 15.0 X 230524 85696 44432 Anthony Watkins Sr VP & CFO 35.0 20.0 X 280581 161418 45267 Maureen Kwiecinski Asst Corporate Secretary 38.0 17.0 X 285153 117891 43301 Lynne Briggs VP Information Svcs & CIO 39.0 16.0 X 215281 86487 58588 Sandi Lemons VP Human Resource Services 22.0 33.0 X 124266 179860 47338 Margaret McElligott VP Quality Services 36.0 19.0 X 167082 96123 61032 Peter Newman PHD VP Research & Assoc Dir BRI 55.0 X 357591 0 31969 Barbara Bryant VP Transfusion Medicine 55.0 X 344582 0 28146 Jerome Gottschall MD VP Medical Services 55.0 X 332562 0 36972 Mehraboon Irani MD Medical Dir of Therapeutic Svs 55.0 X 297078 0 37275 Robert R Montgomery MD Senior Investigator 55.0 X 291487 0 37989 5279221 727475 850266 96 false true false Medical College of Wisconsin 8701 watertown plank RD MILWAUKEE WI 53226 Medical Services 1412385 biomedical resource center 8701 watertown plank road MILWAUKEE WI 53226 Medical research 716289 Jigsaw LLC 710 n plankinton ave MILWAUKEE WI 53203 Marketing 710713 FROEDTERT HEALTH 9200 W Wisconsin Ave MILWAUKEE WI 53226 medical services 696830 ORGAN RECOVERY SYSTEMS INC 1 pierce place Suite 475W ITASCA IL 60143 Medical Services 507743 31 2518 6347698 11131002 2900540 20381758 BLOOD SERVICES 621500 58972180 58972180 DIAGNOSTIC LABORATORIES 621500 32966770 32966770 PHARMACY 621500 28526882 28526882 ORGAN AND TISSUE DONATION 621500 11902649 11902649 MEDICAL SERVICES 621500 7030306 7030306 139398787 647004 647004 0 0 30000 36100 -6100 0 -6100 -6100 59583244 9671 59315361 1438 267883 8233 276116 276116 0 0 0 PROCEEDS FROM SALE OF PROCEDURES 561000 180000 180000 BCA PATRONAGE REFUND 561000 98433 98433 INSURANCE PROCEEDS 900099 55000 55000 10198 10198 343631 161041196 139742418 917020 3361749 3361749 0 0 0 4225522 1839881 2385641 0 54482967 45854493 8628474 3537029 3063926 473103 5387076 4666515 720561 3756436 3253986 502450 0 136596 13046 123550 252032 252032 0 0 201433 201433 6969818 5753564 1216254 835084 570644 264440 1018882 824223 194659 1767793 976155 791638 72833 72833 5010253 3403793 1606460 757210 718838 38372 0 1439009 1200660 238349 109106 109106 0 5321072 3265324 2055748 465330 465330 MEDICAL LAB SUPPLIES 27146980 27140592 6388 PHARMACEUTICAL PRODUCTS 24109308 24109308 COST OF IMPORTS 690237 690237 MISCELLANEOUS EXPENSES 1912293 1470470 441823 152966048 132250237 20715811 0 33396023 193000 6220781 26279204 2524 0 22784853 25063158 0 0 0 0 0 0 6175958 6599963 1196169 1341207 104539465 64447166 41962080 40092299 21241919 41491533 0 0 0 0 0 0 13249 28250 132993556 141088614 26876201 29850289 0 0 0 0 4980000 4374824 0 0 0 0 0 0 0 0 10934833 11433207 42791034 45658320 X 90199998 95430294 2524 0 0 0 90202522 95430294 132993556 141088614 X 8075148 -1237664 -1609712 X false true X true true true X 19116752 16594248 17934403 19235934 20381758 93263095 0 0 19116752 16594248 17934403 19235934 20381758 93263095 27014136 66248959 773398 769884 707545 604827 677004 3532658 0 0 0 0 0 0 100000 0 0 0 0 100000 96895753 661583956 0.68371 0.69808 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 976 976 false OTHER ACTIVITIES Part II-B, Line 1I $976 OF THE DUES PAID TO THE ASSOCIATION OF ORGAN PROCUREMENT ORGANIZATIONS HAS BEEN ALLOCATED TO LOBBYING. 81135521 471114 -5788954 3416163 72401518 81439963 1466377 1316637 2937763 149693 81135521 74174152 362882 9536701 2460513 173259 81439963 65750649 478855 10026143 2081495 74174152 51493448 16417340 -287443 1872696 65750649 0.99171 0.00829 false true true 2705072 2705072 60483898 32541591 27942307 1839279 1617547 221732 36246277 27876413 8369864 3264939 2411615 853324 40092299 0 LONG-TERM PENSION OBLIGATIONS 11433207 11433207 X 158221687 -1237664 -1609712 -2847376 161069063 -27867 -27867 161041196 152993915 27867 27867 152966048 152966048 Part V ENDOWMENT FUNDS THE BOARD DESIGNATED ENDOWMENT FUNDS (HELD BY BLOODCENTER RESEARCH FOUNDATION) ARE DESIGNATED BY THE BOARD AS ENDOWMENT FUNDS TO ENSURE THE CONTINUING AVAILABILITY OF FUNDS FOR RESEARCH PURPOSES. THE PERMANENTLY RESTRICTED ENDOWMENT FUNDS (HELD BY BLOODCENTER RESEARCH FOUNDATION) WERE RECEIVED FROM THE WALTER SCHROEDER FOUNDATION, THE INCOME OF WHICH IS UNRESTRICTED. Part XI, Line 2d Reconciliation of Revenue Additional Minimum Pension Benefit $(1,609,712) Part XI, Line 4b Rental Activity Expenses $(36,100) Gain on Asset Sale $8,233 --------- Total $(27,867) Part XII, Line 2d Reconciliation of Expenses Rental Activity Expenses $36,100 Gain on Asset Sale $(8,233) -------- Total $27,867 PART X INCOME TAXES BloodCenter, Heartland 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 (the Code). 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 consolidated 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. BloodCenter, Heartland and the Foundation, while generally exempt from income tax, are subject to tax on income unrelated to their exempt purposes, unless that income is otherwise excluded by the Code. BloodCenter 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 2009 under the federal and state statute. Management has determined that there is no unrelated business income to report for BloodCenter or the Foundation for 2010 through 2015 and income tax returns are not required to be filed. 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. For the years ended December 31, 2015 and 2014, Heartland did not file any unrelated business income tax returns, therefore, tax years remain open for years in which an income tax return has not been filed. In years prior to 2014, Heartland filed both federal and state returns to report a zero amount of unrelated business income. Management has determined that there is no unrelated business income to report for Heartland in 2014 and income tax returns are not to be filed. Therefore, as the statute of limitations will remain open for returns not filed, tax year 2014 will remain open to audit for both federal and state purposes. 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, 2015 and 2014. true BLOODCENTER RESEARCH FOUNDATION INC 638 NORTH 18TH STREET MILWAUKEE WI 53233 391372542 501(c)(3) 3058000 Central indiana Regional blood center 3450 N Meridian St Indianapolis IN 46208 350991629 501(c)(3) 128000 Scholarship Fund GREAT LAKES HEMOPHILIA FOUNDATION INC 638 NORTH 18TH STREET MILWAUKEE WI 53233 237367636 501(C)(3) 97800 PATIENT FINANCIAL ASSISTANCE BE THE MATCH FOUNDATION 500 N 5th St MINNEAPOLIS MN 55401 411704734 501(C)(3) 22133 TYPING NATIONAL BLOOD FOUNDATION 8101 GLENBROOK ROAD BETHESDA MD 20814 362384118 501(C)(3) 25000 RESEARCH 5 Part I, Line 2 GRANTS BLOODCENTER OF WISCONSIN, INC. CONTINUES TO PROVIDE GRANT FUNDING TO BLOODCENTER RESEARCH FOUNDATION, INC. AND OTHER TAX-EXEMPT ORGANIZATIONS. THESE FUNDS WILL SUPPORT FUTURE BLOOD RESEARCH AND OTHER INITIATIVES TO SERVE MORE PATIENTS AND REDUCE OVERALL COSTS. MONITORING THE INVESTMENT OF THESE FUNDS, THE DISTRIBUTIONS AND WHAT THESE FUNDS ARE USED FOR IS COMPLETED BY LEADERSHIP OF BLOODCENTER. X true true X X X X X false true false false false false false true false Jacquelyn Fredrick President & CEO 579632 0 273266 0 23198 0 276016 0 1912 0 1154024 0 0 0 Gilbert White MD Exec VP Research & Dir BRI 471804 0 79359 0 23735 0 25387 0 15294 0 615579 0 0 0 Thomas Abshire MD SR VP MSI & CMO 415316 0 47519 0 23198 0 19576 0 3412 0 509021 0 0 0 Ilke Panzer Sr VP Diagnostic Labs 318370 0 78951 0 18686 0 16383 0 19977 0 452367 0 0 0 James Mitchell Sr VP Blood Services 212657 79054 17068 6345 799 297 14338 5330 18053 6711 262915 97737 0 0 Anthony Watkins Sr VP & CFO 209496 120523 61944 35636 9141 5259 13003 7481 15732 9051 309316 177950 0 0 Maureen Kwiecinski Asst Corporate Secretary 218089 90164 53885 22278 13179 5449 25435 10516 5200 2150 315788 130557 0 0 Lynne Briggs VP Information Svcs & CIO 173685 69776 39911 16034 1685 677 24616 9889 17181 6902 257078 103278 0 0 Sandi Lemons VP Human Resource Services 100543 145524 23372 33828 351 508 11508 16657 7834 11339 143608 207856 0 0 Margaret McElligott VP Quality Services 123071 70803 30657 17637 13354 7683 25430 14630 13313 7659 205825 118412 0 0 Peter Newman PHD VP Research & Assoc Dir BRI 295842 0 39118 0 22631 0 22882 9087 0 389560 0 0 0 Barbara Bryant VP Transfusion Medicine 314931 0 26623 0 3028 0 20107 0 8039 0 372728 0 0 0 Jerome Gottschall MD VP Medical Services 293994 0 15605 0 22963 0 20728 0 16244 0 369534 0 0 0 Mehraboon Irani MD Medical Dir of Therapeutic Svs 280301 0 14059 0 2718 0 18112 0 19163 0 334353 0 0 0 Robert R Montgomery MD Senior Investigator 260739 0 8341 0 22407 0 21507 0 16482 0 329476 0 0 0 PART I, LINE 1A BUSINESS CLUB DUES BLOODCENTER OF WISCONSIN, INC. PROVIDES BUSINESS CLUB MEMBERSHIPS FOR THE FOLLOWING EMPLOYEES: -JACQUELYN FREDRICK -GILBERT WHITE THE CLUB MEMBERSHIPS ARE NOT TREATED AS TAXABLE COMPENSATION. THE EMPLOYEES USE 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 REIMBURSE THE ENTITY FOR PERSONAL EXPENSES. PART I, LINE 4B SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN TO ENSURE BLOODCENTER OF WISCONSIN, INC. ACHIEVES ITS MISSION, IT IS ESSENTIAL TO ATTRACT LEADING EXPERTS IN TRANSFUSION MEDICINE, SCIENCE AND BUSINESS BY PAYING COMPETITIVE SALARIES AND BENEFITS. BLOODCENTER OF WISCONSIN, INC. BOARD OF DIRECTORS FOLLOWS NOT-FOR-PROFIT BEST PRACTICES BY HIRING AN INDEPENDENT COMPENSATION CONSULTANT TO ANNUALLY REVIEW THE OVERALL EXECUTIVE COMPENSATION PROGRAMS. JACQUELYN FREDRICK, CEO, PARTICIPATED IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP). THE AMOUNT DEFERRED DURING 2015 IN SERVICE OF THE SERP PLAN WAS $247,716. PART I, LINE 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 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. A WI Health Educational Facilities Authority (1994A) 391337855 2009-08-19 7145000 proceeds used to currently refund false false false A 2715000 0 7145000 0 0 0 0 0 0 0 0 0 1989 true false true true A 0 A false false false true true false 0 false 0 false false A true Sch K Part IV Line 2c Part IV, Line 2C Rebate Calculation A REBATE CALCULATION WAS LAST PERFORMED ON 7/29/2011 FOR THE WHEFA 1994A BOND. Part III, Line 4d Other Program Services BloodCenter of Wisconsin, Inc. fulfills its tax-exempt purpose in three ways: A. Blood research institute conducts research in vascular biology, immunobiology, transfusion medicine, hemostasis and stem cell biology. B. Organ and Tissue Donation combines procurement services and education to enhance the lives of patients and provides guidance to the families of potential donors. C. Medical Sciences Institute provides medical services including consultation with hospitals we serve, special patient services for patients with unique blood disorders including providing community education programs for medical professionals through routine lecture series and the specialist in blood banking programs. PART VI, SECTION A, LINE 2 Business Relationship DALE KENT AND PETER ZIEGLER HAVE A BUSINESS RELATIONSHIP. RICHARD GALLAGHER AND JOHAN SEGERDAHL HAVE A BUSINESS RELATIONSHIP. JOHN OLIVERIO AND CATHY JACOBSON HAVE A BUSINESS RELATIONSHIP. PART VI, SECTION A, Line 6 Members or Stockholders Versiti, INC. IS THE SOLE CORPORATE MEMBER. Part VI, SECTION A, Lines 7a and 7b Member or Stockholder Powers Versiti, INC. HAS RESERVE POWERS; INCLUDING THE ABILITY TO ELECT A MAJORITY OF DIRECTORS. PART VI, SECTION B, LINE 11B Form 990 Review BLOODCENTER OF WISCONSIN UTILIZES GRANT THORNTON LLP TO COMPLETE THE IRS FORM 990 AND RELATED SCHEDULES. FOLLOWING COMPLETION, THEY ARE REVIEWED BY THE CONTROLLER, SR. VICE PRESIDENT AND CFO AND THE PRESIDENT 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 BLOODCENTER OF WISCONSIN 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 BLOODCENTER OF WISCONSIN. WHETHER THEY RECEIVED COMPENSATION FROM ANY ORGANIZATION THAT SHARES COMMON OWNERSHIP OR CONTROL WITH BLOODCENTER OF WISCONSIN. 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 BLOODCENTER OF WISCONSIN. 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 and its affiliated blood centers 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 Versiti and the related entities that it supports, including BloodCenter of Wisconsin (BCW). 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 Committees minutes is also provided to the Versiti Board of Directors. Versiti and BCW have incentive programs 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/BCW CEO reviews the performance of each executive and the achievement of their individual goals and objectives. The Versiti/BCW 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. VIEWING IS DONE ON THE ORGANIZATION'S PREMISES. 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 salary presented for the President and CEO is reflective of total salary compensation for services to the filing organization and related affiliates. Part IX, Line 9 OTHER CHANGES IN NET ASSETS PENSION ADJUSTMENT (1,609,712) BloodCenter Research Foundation Inc PO Box 2178 638 North 18th Stree Milwaukee WI 53201 391372542 Supporting WI 501(c)(3) 11b BloodCenter true Versiti Inc PO Box 2178 638 North 18th Stree Milwaukee WI 53201 454675354 Supporting WI 501(c)(3) 11b NA false Aurora Area Blood Bank dba Heartland 1200 N Highland Avenue Aurora IL 60506 362179768 Blood IL 501(c)(3) 09 BloodCenter true Michigan Blood PO Box 1704 Grand Rapids MI 49501 381550001 Blood MI 501(c)(3) 09 Versiti false Central Indiana Regional Blood Center 3450 North Meridian Street Indianapolis IN 46208 350991629 blood IN 501(c)(3) 09 Versiti false false true true false false false false false false false false true true true true false true false false BLOODCENTER RESEARCH FOUNDATION INC B 3058000 FMV BLOODCENTER RESEARCH FOUNDATION INC C 6347698 FMV AURORA AREA BLOOD BANK DBA HEARTLAND L 3902896 FMV BLOODCENTER RESEARCH FOUNDATION INC N, Q 1048819 FMV