2011-11-01T15:05:33-05:00 2010-12-31 RSM MCGLADREY INC 8000 TOWERS CRESCENT DR STE 500 VIENNA VA 221826205 990 2010-01-01 521006053 ADVANCED MEDICAL TECHNOLOGY ASSOCIATION ADVA 2027838700 701 PENNSYLVANIA AVENUE NW NO 800 WASHINGTON DC 200042654 KENNETH MENDEZ 2027838700 2011-10-31 1 JAMES P SWEENEY CPA 7033366400 2010 2016-03-07 17:11:31Z ADVAMED STEPHEN J UBL 701 PENNSYLVANIA AVENUE NW NO 800 WASHINGTON DC 200042654 27642013 0 X WWW.ADVAMED.ORG X 1974 DE TO REPRESENT THE INTERESTS OF MANUFACTURERS OF VARIOUS MEDICAL DEVICES, DIAGNOSTIC PRODUCTS, AND MEDICAL INFORMATION SYSTEMS. 38 38 85 0 0 0 0 0 25120443 26957008 26526 8756 461150 676249 25608119 27642013 123000 112500 0 0 13156252 14679431 0 0 0 12289781 12698692 25569033 27490623 39086 151390 11828040 13007687 6122553 7150810 5705487 5856877 X ADVAMED ADVOCATES FOR A LEGAL, REGULATORY, AND ECONOMIC ENVIRONMENT THAT ADVANCES GLOBAL HEALTH CARE BY ASSURING WORLDWIDE PATIENT ACCESS TO THE BENEFITS OF MEDICAL TECHNOLOGY. WE PROMOTE POLICIES THAT FOSTER THE HIGHEST ETHICAL STANDARDS, RAPID APPROVAL OF SAFE AND EFFECTIVE PRODUCTS, ADEQUATE REIMBURSEMENT, AND ACCESS TO INTERNATIONAL MARKETS. 0 0 MEETINGS-THE ASSOCIATION PROVIDES A FORUM FOR THE EXCHANGE OF CURRENT INFORMATION TO THOSE IN THE HEALTH INDUSTRY. THERE WERE MORE THAN 5,226 ATTENDEES AT OVER 221 MEETINGS AND MEMBER EVENTS HELD DURING 2010. THESE INCLUDED BOARD AND COMMITTEE MEETINGS, TRAINING SESSIONS, AND A CONFERENCE AND EXHIBITION. THE ASSOCIATION PUBLISHES DOCUMENTS ON SPECIFIC ISSUES AND TOPICS WHICH ARE MADE AVAILABLE TO THE MEMBERSHIP AT LARGE VIA THE COMPANY WEBSITE AND OTHER VARIOUS COMMUNICATIONS. OUR CONSULTANTS IN JAPAN AND CHINA REPRESENT ADVAMED IN OUR INDUSTRY'S LARGEST OVERSEAS MARKETS, ATTENDING MEETINGS WITH GOVERNMENT OFFICIALS AND INDUSTRY COMMITTEE MEETINGS. THEY PROVIDE REAL-TIME INFORMATION AND SAVE ADVAMED STAFF TIME AND MONEY IN REDUCING THE TRIPS TO JAPAN AND CHINA. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 0 1 0 1 1 1 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 81 0 1 85 1 0 1 JA 0 0 0 0 X 38 38 0 0 1 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X JENNIFER BRANDELY 2027838700 701 PENSYLVANIA AVE NW STE 800 WASHINGTON DC 200042654 MR MICHAEL MUSSALLEM 1.00 X 0 0 0 MR JAMES V MAZZO 1.00 X 0 0 0 MR JOE ALMEIDA 1.00 X 0 0 0 MR CHRISTOPHER BEGLEY 1.00 X 0 0 0 MR ANTHONY P BIHL 1.00 X 0 0 0 MR JEFFREY BINDER 1.00 X 0 0 0 MR KEVIN BUEHLER 1.00 X 0 0 0 MS CATHERINE BURZIK 1.00 X 0 0 0 MR ROBERT M DAVIS 1.00 X 0 0 0 MR JOSEPH DEVIVO 1.00 X 0 0 0 MR DAVID DVORAK 1.00 X 0 0 0 MR STUART ESSIG 1.00 X 0 0 0 MR VINCENT A FORLENZA 1.00 X 0 0 0 MR ALEX GORSKY 1.00 X 0 0 0 MR JOHN GREISCH 1.00 X 0 0 0 MR TIMOTHY E GUERTIN 1.00 X 0 0 0 MR WILLIAM HAWKINS 1.00 X 0 0 0 MR ALAN HERBERT 1.00 X 0 0 0 MR THOMAS HOOK 1.00 X 0 0 0 MR DAVID I JOHNSON 1.00 X 0 0 0 MR KAZUAKI KITABATAKI 1.00 X 0 0 0 MR LESTER KNIGHT 1.00 X 0 0 0 MR MICHAEL A LYNCH 1.00 X 0 0 0 MR STEPHEN P MACMILLAN 1.00 X 0 0 0 MR ALAN MAIN 1.00 X 0 0 0 MR MICHAEL R MINOGUE 1.00 X 0 0 0 MR CAROLL H NEUBAUER 1.00 X 0 0 0 MR DANIEL O'DAY 1.00 X 0 0 0 MR DAVID PEREZ 1.00 X 0 0 0 MR DONALD POGORZELSKI 1.00 X 0 0 0 MR TIMOTHY PRATT 1.00 X 0 0 0 MR STUART A RANDLE 1.00 X 0 0 0 MR TIMOTHY RING 1.00 X 0 0 0 MR WALTER M ROSEBROUGH 1.00 X 0 0 0 MR STEVE RUSCKOWSKI 1.00 X 0 0 0 MR BRAD SAUER 1.00 X 0 0 0 MS JULIE A SHIMER 1.00 X 0 0 0 MR DWIGHT WINSTEAD 1.00 X 0 0 0 STEPHEN J UBL 40.00 X 1189171 0 70340 CHRISTOPHER L WHITE 40.00 X 509339 0 39671 BENITA HARRISON 40.00 X 171631 0 23737 KENNETH MENDEZ 40.00 X 424735 0 39671 MARTYN HOWGILL 40.00 X 439826 0 37703 RALPH IVES 40.00 X 373939 0 45146 ANN-MARIE LYNCH 40.00 X 454798 0 45146 ANDREW FISH 40.00 X 195982 0 4594 DAVID NEXON 40.00 X 612379 0 45146 JANET TRUNZO 40.00 X 368556 0 36521 FRANK WILTON 40.00 X 277785 0 39061 STEVEN BROTMAN 40.00 X 289327 0 25566 PHILIP AGRESS 40.00 X 240574 0 42658 TERESA LEE 40.00 X 223438 0 26737 BRETT LOPER 40.00 X 482661 0 55521 MICHAEL MCGARRY 40.00 X 230169 0 42310 MICHAELANGELO INFURNARI 40.00 X 212585 0 31291 JULIE COHEN 40.00 X 207333 0 34005 WANDA MOEBIUS 40.00 X 212795 0 26646 ELIZABETH PIKA SHARP 40.00 X 238824 0 28785 ELIZABETH KEGLER 40.00 X 220820 0 44739 7576667 0 784994 35 0 1 0 NEIMAND COLLABORATIVE INC 1025 VERMONT AVENUE NW STE 830 WASHINGTON DC 20005 CONSULTING/ MONTHLY RETAINER 638185 KORN FERRY INTERNATIONAL 1700 K STREET NW STE 700 WASHINGTON DC 20006 CONSULTING/ MONTHLY RETAINER 350425 ALBRIGHT STONEBRIDGE GROUP LLC 555 13TH ST NW STE 300 WEST WASHINGTON DC 20004 CONSULTING/ MONTHLY RETAINER 323347 HEALTH POLICY ALTERNATIVES INC 400 NORTH CAPITAL STREET NW STE WASHINGTON DC 20001 CONSULTING/ MONTHLY RETAINER 271250 TARPLIN DOWNS & YOUNG LLC 1212 NEW YORK AVENUE NW STE 1050 WASHINGTON DC 20005 CONSULTING/ MONTHLY RETAINER 270000 26 MEMBERSHIP DUES 900099 25070228 25070228 SEMINARS 611430 1724277 1724277 SPECIAL PROJECTS 900099 146694 146694 PUBLICATION 511190 15809 15809 26957008 8756 8756 611180 611180 OTHER INCOME 900099 53069 53069 ADMIN. FEES REVENUE 900099 12000 12000 65069 27642013 26969008 0 673005 87500 25000 7123571 5900707 344222 716725 594206 515060 53200 1482048 5231209 18505 718984 209346 1411888 986869 1175259 456880 59168 DUES & SUBSCRIPTION 274049 OTHER EXPENSES 75764 TRAINING 30463 27490623 1565 1358 7442383 9423052 851669 181154 1275 464536 396275 4666864 2647637 2180933 2019227 763408 875022 123546 110324 11828040 13007687 2892919 3982544 2938745 2904231 290889 264035 6122553 7150810 X 5705487 5856877 5705487 5856877 11828040 13007687 151390 0 X X 0 1 1 X 0 0 0 0 25216922 1482048 1482048 1765185 -283137 2221256 934969 1286287 1695130 1381890 313240 750478 330778 419700 2019227 DEFERRED ASSESSMENTS 264035 264035 27642013 27490623 151390 0 151390 28256578 614565 614565 27642013 0 27642013 30603192 3112569 3112569 27490623 0 27490623 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: ADVAMED COMPLIES WITH THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, ADVAMED MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. ADVAMED HAD NO SUCH POSITIONS RECORDED IN THE FINANCIAL STATEMENTS AT DECEMBER 31, 2010. GENERALLY, ADVAMED IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX POSITIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2007. PART XII, LINE 2D - OTHER ADJUSTMENTS: INHEALTH REVENUE IN CONSOLIDATING FINANCIAL STATEMENTS 454,571. ADVAMED PAC REVENUE IN CONSOLIDATING FINANCIAL STATEMENTS 159,994. PART XIII, LINE 2D - OTHER ADJUSTMENTS: INHEALTH EXPENSE IN CONSOLIDATING FINANCIAL STATEMENTS 2,952,379. ADVAMED PAC EXPENSE IN CONSOLIDATING FINANCIAL STATEMENTS 160,190. 1 EAST ASIA AND THE PACIFIC 2 2 PROGRAM SERVICES OUR CONSULTANTS IN TOKYO AND BEIJING MEET WITH GOVERNMENT AND INDUSTRY OFFICIALS FOR MEDICAL DEVICE INDUSTRY COVERAGE IN JAPAN AND CHINA ON BEHALF. 246420 EAST ASIA AND THE PACIFIC GRANTMAKING 25000 2 0 2 271420 0 271420 EAST ASIA AND THE PACIFIC PROGRAM SERVICES 25000 WIRE TRANSFER 1 0 0 0 0 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: ADVAMED BUDGETS ANNUALLY FOR CHARITABLE DONATIONS AND OTHER CHARITABLE GIVING THAT IS CLOSELY ALIGNED WITH ITS STRATEGIC PLAN AND MISSION. IN ADDITION, ADVAMED MAY IDENTIFY CAUSES THROUGHOUT THE YEAR THAT MAY REQUIRE REPURPOSING OF FUNDS FROM ANOTHER EXPENSE CATEGORY TO SUPPORT CERTAIN MEDICAL DEVICE ISSUES OR MEMBERSHIP INITIATIVES. ALL SUCH SPENDING IS PROCESSED THROUGH ADVAMED'S PURCHASE ORDER SYSTEM, WHICH REQUIRES SEVERAL LEVELS OF EXECUTIVE APPROVAL BEFORE ANY FUNDING IS MADE. 1 ALLIANCE FOR AGING RESEARCH 2021 K ST NW STE 305 WASHINGTON DC 20036 541379174 501(C)(3) 9000 PROGRAM SUPPORT AMERICAN FRIENDS OF HEBREW UNIVERSITY ONE BATTERY PARK PLAZA NEW YORK NY 10004 131568923 501(C)(3) 5000 PROGRAM SUPPORT DAVID A WINSTON HEALTH POLICY FELLOWSHIP 2000 14TH ST N STE 780 ARLINGTON VA 22201 521492039 501(C)(3) 5000 PROGRAM SUPPORT JUVENILE DIABETES RESEARCH FOUNDATION CAPITOL CHAPTER 1400 K STREET NW STE 725 WASHINGTON DC 20005 231907729 501(C)(3) 6000 PROGRAM SUPPORT NATIONAL HEALTH COUNCIL INC 1730 M ST NW STE 500 WASHINGTON DC 20036 131624107 501(C)(3) 7000 PROGRAM SUPPORT NATIONAL PRESS FOUNDATION 1211 CONNECTICUT AVE NW STE 310 WASHINGTON DC 20036 521069481 501(C)(3) 6000 PROGRAM SUPPORT SPINA BIFIDA ASSOCIATION OF AMERICA 4590 MACARTHUR BLVD NW STE 250 WASHINGTON DC 20007 581342181 501(C)(3) 7500 PROGRAM SUPPORT SUDDEN CARDIAC ARREST ASSOCIATION 1133 CONNECTICUT AVE NW 11TH FL WASHINGTON DC 20036 202413593 501(C)(3) 5000 PROGRAM SUPPORT THE SOCIETY FOR THE ADVANCEMENT OF WOMEN'S HEALTH RESEARCH INC 1025 CONNECTICUT AVENUE NW STE 701 WASHINGTON DC 20036 521694732 501(C)(3) 10000 PROGRAM SUPPORT THE AIDS INSTITUTE 17 DAVID BLVD STE 403 TAMPA FL 33606 650380952 501(C)(3) 5000 PROGRAM SUPPORT WOMENHEART 818 18TH STREET NW STE 930 WASHINGTON DC 20006 522148006 501(C)(3) 5000 PROGRAM SUPPORT PARKINSON'S ACTION NETWORK 1025 VERMONT AVENUE NW 1120 WASHINGTON DC 20005 943172675 501(C)(3) 7000 PROGRAM SUPPORT WASHINGTON LEGAL FOUNDATION 2009 MASSACHUSETTS AVENUE NW WASHINGTON DC 20036 521071570 501(C)(3) 10000 PROGRAM SUPPORT 13 0 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: ADVAMED BUDGETS ANNUALLY FOR CHARITABLE DONATIONS AND OTHER CHARITABLE GIVING THAT IS CLOSELY ALIGNED WITH ITS STRATEGIC PLAN AND MISSION. IN ADDITION, ADVAMED MAY IDENTIFY CAUSES THROUGHOUT THE YEAR THAT MAY REQUIRE REPURPOSING OF FUNDS FROM ANOTHER EXPENSE CATEGORY TO SUPPORT CERTAIN MEDICAL DEVICE ISSUES OR MEMBERSHIP INITIATIVES. ALL SUCH SPENDING IS PROCESSED THROUGH ADVAMED'S PURCHASE ORDER SYSTEM, WHICH REQUIRES SEVERAL LEVELS OF EXECUTIVE APPROVAL BEFORE ANY FUNDING IS MADE. X X 1 1 X X X X 1 0 0 STEPHEN J UBL 897385 0 267300 0 24486 0 45146 0 30594 0 1264911 0 0 0 CHRISTOPHER L WHITE 433329 0 75200 0 810 0 28646 0 11680 0 549665 0 0 0 BENITA HARRISON 114254 0 11375 0 46002 0 18273 0 5870 0 195774 0 0 0 KENNETH MENDEZ 359200 0 64725 0 810 0 28646 0 11680 0 465061 0 0 0 MARTYN HOWGILL 378536 0 60000 0 1290 0 28646 0 9711 0 478183 0 0 0 RALPH IVES 323675 0 46700 0 3564 0 45146 0 654 0 419739 0 0 0 ANN-MARIE LYNCH 388550 0 66100 0 148 0 45146 0 654 0 500598 0 0 0 ANDREW FISH 170757 0 25000 0 225 0 0 0 4867 0 200849 0 0 0 DAVID NEXON 517890 0 90925 0 3564 0 45146 0 654 0 658179 0 0 0 JANET TRUNZO 318292 0 46700 0 3564 0 28646 0 8530 0 405732 0 0 0 FRANK WILTON 235094 0 41900 0 791 0 28036 0 11679 0 317500 0 0 0 STEVEN BROTMAN 263675 0 24500 0 1152 0 14541 0 11680 0 315548 0 0 0 PHILIP AGRESS 224864 0 13600 0 2110 0 42658 0 654 0 283886 0 0 0 TERESA LEE 209396 0 13575 0 467 0 24768 0 2623 0 250829 0 0 0 BRETT LOPER 409675 0 72500 0 486 0 44496 0 11679 0 538836 0 0 0 MICHAEL MCGARRY 182514 0 47250 0 405 0 36797 0 5840 0 272806 0 0 0 MICHAELANGELO INFURNARI 187135 0 25000 0 450 0 20266 0 11679 0 244530 0 0 0 JULIE COHEN 188150 0 18775 0 408 0 22980 0 11680 0 241993 0 0 0 WANDA MOEBIUS 193842 0 18550 0 403 0 22708 0 4592 0 240095 0 0 0 ELIZABETH PIKA SHARP 216943 0 21500 0 381 0 24847 0 4592 0 268263 0 0 0 ELIZABETH KEGLER 201477 0 18975 0 368 0 40801 0 4592 0 266213 0 0 0 PART I, LINE 1A FIRST CLASS TRAVEL IS AUTHORIZED ONLY IN EXCEPTIONAL CIRCUMSTANCES, SUCH AS WHEN IT IS NECESSARY TO TAKE A SPECIFIC FLIGHT WHERE BUSINESS OR COACH CLASS IS NOT AVAILABLE, AND MUST FIRST HAVE PRIOR WRITTEN APPROVAL BY DEPARTMENT HEADS AND ADVAMED'S PRESIDENT. OTHER EXPENSES INCURRED BY THE TRAVELER FOR TRAVEL OUTSIDE THE DEFINITION OF A BUSINESS TRIP, INCLUDING EXPENSES FOR FAMILY MEMBERS TRAVELING WITH THE EMPLOYEE, ARE ALSO THE RESPONSIBILITY OF THE TRAVELER AND NOT ADVAMED. SUCH EXPENSES ARE KEPT SEPARATE FROM REIMBURSABLE BUSINESS EXPENDITURES. PERSONAL TRAVEL FOR FAMILY MEMBERS/FRIENDS MAY BE BOOKED THROUGH ADVAMED'S TRAVEL AGENCY BUT ARE IDENTIFIED SEPARATELY AND BILLED DIRECTLY TO THE EMPLOYEE. DUE TO THE FREQUENT TRAVEL SCHEDULE AND DEMANDS ON TIME REQUIRED BY THE POSITION, THE PRESIDENT OF ADVAMED MAY TRAVEL BUSINESS CLASS ON ALL INTERNATIONAL FLIGHTS AND FOR TRAVEL OVER 4 HOURS, WHERE SUCH SEATING IS AVAILABLE. SPOUSE'S TRAVEL WILL BE REIMBURSED ONLY WHERE SPOUSE'S ATTENDANCE IS REQUIRED FOR BUSINESS PURPOSES. TRAVEL IS NOT INCLUDED IN TAXABLE INCOME. ADVAMED'S CEO RECEIVED NONTAXABLE SOCIAL CLUB DUES AT THE AMOUNT OF $5,400 DURING 2010. PART I, LINE 4A BENITA HARRISON RECEIVED A SEVERANCE PAYMENT OF $46,002. THIS IS RELATED TO HER SEPARATION FROM THE ORGANIZATION AND IT SATISFIES THE LEGAL RELEASE OF CLAIMS SHE MAY HAVE CONSIDERED BRINGING AGAINST THE ORGANIZATION. CHRISTOPHER L WHITE COMPUTER LOAN X 1913 1275 0 0 1 1275 FORM 990, PART VI, SECTION A, LINE 4 THREE AMENDMENTS WERE MADE TO THE BYLAWS IN 2010. (1) ONE ADDITIONAL MEMBER WAS ADDED TO THE EXECUTIVE COMMITTEE; (2) A CHANGE WAS MADE RELATED TO THE COMPOSITION OF THE BOARD OF DIRECTORS TO ENSURE PROPER REPRESENTATION OF THE MEMBERSHIP; (3) A CHANGE WAS MADE RELATED TO THE NOTICE PERIOD REQUIRED FOR SPECIAL MEETINGS OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 6 THE ASSOCIATION HAS TWO CLASSES OF MEMBERSHIPS - ACTIVE AND ASSOCIATE. ANY FIRM OR CORPORATION WHICH, THROUGH ITSELF OR THROUGH ANY OF ITS SUBSIDIARIES OR DIVISIONS, IS SIGNIFICANTLY ENGAGED IN THE MANUFACTURE OF AND/OR THE RESEARCH WITH THE INTENT TO MANUFACTURE MEDICAL DEVICES, DIAGNOSTIC PRODUCTS AND/OR HEALTH CARE INFORMATION SYSTEMS WITHIN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS, SHALL BE ELIGIBLE FOR ACTIVE MEMBERSHIP. ANY COMPANY OR ORGANIZATION MAY BE ELIGIBLE AS AN ASSOCIATE MEMBER, IN ACCORDANCE WITH SUCH RULES AND REGULATIONS AS THE BOARD OF DIRECTORS OF THE ASSOCIATION MAY ADOPT ESTABLISHING A CLASS OR CLASSES OF ASSOCIATE MEMBERS AND DETERMINING ELIGIBILITY FOR MEMBERSHIP IN SUCH CLASS OR CLASSES. ASSOCIATE MEMBERS MAY PARTICIPATE IN SUCH AFFAIRS OF THE ASSOCIATION AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A EACH ACTIVE MEMBER IN GOOD STANDING SHALL BE ENTITLED TO ONE VOTE ON ANY QUESTION COMING BEFORE THE GENERAL MEMBERSHIP, INCLUDING THE ELECTION OF THE BOARD OF DIRECTORS ANNUALLY. THE BOARD NOMINATING COMMITTEE PRESENTS A PROPOSED SLATE OF DIRECTORS AND HEADS OF COMMITTEES BI-ANNUALLY TO THE MEMBERSHIP FOR VOTE. EACH ACTIVE MEMBER SHALL, IN WRITING, DESIGNATE ITS OFFICIAL REPRESENTATIVE TO VOTE AND REPRESENT THAT MEMBER IN ALL OF THE AFFAIRS OF THE ASSOCIATION, INCLUDING THE HOLDING OF OFFICE. FORM 990, PART VI, SECTION A, LINE 7B EACH ACTIVE MEMBER IN GOOD STANDING SHALL BE ENTITLED TO ONE VOTE ON ANY QUESTION COMING BEFORE THE GENERAL MEMBERSHIP. EACH ACTIVE MEMBER SHALL, IN WRITING, DESIGNATE ITS OFFICIAL REPRESENTATIVE TO VOTE AND REPRESENT THAT MEMBER IN ALL OF THE AFFAIRS OF THE ASSOCIATION, INCLUDING THE HOLDING OF OFFICE. SUCH OFFICIAL REPRESENTATIVE SHALL BE THE CHIEF EXECUTIVE OFFICER OR CHIEF OPERATING OFFICER OF THE MEMBER OR SUCH OTHER SENIOR OPERATING OFFICER AS THE CHIEF EXECUTIVE OFFICER MAY DESIGNATE. FORM 990, PART VI, SECTION B, LINE 11 AT ITS MEETING IN DECEMBER 2008, THE BOARD OF DIRECTORS RESOLVED TO DELEGATE ITS AUTHORITY FOR THE REVIEW AND APPROVAL OF THE FORM 990 TO THE BOARD COMMITTEE ON FINANCE, AUDIT AND COMPENSATION (FAC). THE FAC REVIEWS AND APPROVES THE 990 FILING BEFORE IT IS MADE WITH THE IRS. THE DRAFT OF THE FORM 990 IS MADE AVAILABLE FOR REVIEW BY ALL BOARD MEMBERS ON THE BOARD OF DIRECTORS SECTION OF ADVAMED'S WEBSITE PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ADVAMED HAS IN PLACE A CONFLICT OF INTEREST POLICY THAT IS MONITORED REGULARLY. EXCERPTS FROM THE POLICY RELATED TO THIS QUESTION ARE SHOWN BELOW: THE CONFLICT OF INTEREST POLICY OF ADVAMED: (1) DEFINES CONFLICTS OF INTEREST; (2) IDENTIFIES CLASSES OF INDIVIDUALS WITHIN THE ASSOCIATION COVERED BY THIS POLICY; (3) FACILITATES DISCLOSURE OF INFORMATION THAT MAY HELP IDENTIFY CONFLICTS OF INTEREST; AND (4) SPECIFIES PROCEDURES TO BE FOLLOWED IN MANAGING CONFLICTS OF INTEREST. 1. A CONFLICT OF INTEREST ARISES WHEN A PERSON IN A POSITION OF AUTHORITY OVER THE ASSOCIATION MAY BENEFIT FINANCIALLY FROM A DECISION HE OR SHE COULD MAKE IN THAT CAPACITY, INCLUDING INDIRECT BENEFITS SUCH AS TO FAMILY MEMBERS OR BUSINESSES WITH WHICH THE PERSON IS CLOSELY ASSOCIATED. ADVAMED'S POLICY IS FOCUSED UPON MATERIAL FINANCIAL INTEREST OF, OR BENEFIT TO, SUCH PERSONS. 2. PERSONS COVERED BY THIS POLICY ARE THE ASSOCIATION'S STAFF OFFICERS, DIRECTORS, CHIEF EXECUTIVE OFFICER, AND CHIEF ADMINISTRATIVE OFFICER. 3. PERSONS COVERED BY THIS POLICY ANNUALLY DISCLOSE TO THE GENERAL COUNSEL ON A FORM PROVIDED BY THE ASSOCIATION THEIR INTERESTS THAT COULD GIVE RISE TO CONFLICTS OF INTEREST, SUCH AS A LIST OF FAMILY MEMBERS, SUBSTANTIAL BUSINESS OR INVESTMENT HOLDINGS, AND OTHER TRANSACTIONS OR AFFILIATIONS WITH BUSINESSES AND OTHER ORGANIZATIONS OR THOSE OF FAMILY MEMBERS. 4. FOR EACH INTEREST DISCLOSED TO THE GENERAL COUNSEL, THE GENERAL COUNSEL WILL DETERMINE WHETHER TO: (A) TAKE NO ACTION; (B) ASSURE FULL DISCLOSURE TO THE BOARD OF DIRECTORS AND OTHER INDIVIDUALS COVERED BY THIS POLICY; (C) ASK THE PERSON TO RECUSE FROM PARTICIPATION IN RELATED DISCUSSIONS OR DECISIONS WITHIN THE ASSOCIATION; OR (D) ASK THE PERSON TO RESIGN FROM HIS OR HER POSITION IN THE ASSOCIATION OR, IF THE PERSON REFUSES TO RESIGN, BECOME SUBJECT TO POSSIBLE REMOVAL IN ACCORDANCE WITH THE ASSOCIATION'S REMOVAL PROCEDURES. THE ASSOCIATION'S CHIEF ADMINISTRATIVE OFFICER AND VICE PRESIDENT OF FINANCE WILL MONITOR PROPOSED OR ONGOING TRANSACTIONS FOR CONFLICTS OF INTEREST AND DISCLOSE THEM TO THE CHAIRMAN OF THE BOARD OF DIRECTORS IN ORDER TO DEAL WITH POTENTIAL OR ACTUAL CONFLICTS, WHETHER DISCOVERED BEFORE OR AFTER THE TRANSACTION HAS OCCURRED. INTERESTS IN MEMBER COMPANIES: AT TIMES, ADVAMED STAFF AND/OR DIRECTORS MAY BE AWARE OF THE SIGNIFICANT AMOUNT OF INTEREST GENERATED IN CONNECTION WITH NEW PRODUCT DEVELOPMENT, SALES AND PROFITS, PRODUCT REGULATORY STATUS, AND ACQUISITIONS IN THE HEALTH CARE TECHNOLOGY INDUSTRY. THUS, ANYONE IN POSSESSION OF MATERIAL INFORMATION NOT GENERALLY AVAILABLE TO THE INVESTING PUBLIC MUST, IN ORDER TO COMPLY WITH THIS POLICY, EITHER DISCLOSE THAT KNOWLEDGE OR REFRAIN FROM TRADING IN THE STOCK. IN ADDITION, THE PURCHASE OF STOCK IN MEMBER COMPANIES CAN LEAD TO THE APPEARANCE THAT A MEMBER OF THE STAFF AND/OR BOARD OF DIRECTORS IS FAVORING THE INTERESTS OF THAT COMPANY BECAUSE OF SUCH FINANCIAL INTEREST. EVEN IF THERE IS NO ACTUAL CONFLICT OF INTEREST, THE APPEARANCE OF IMPROPRIETY MUST BE AVOIDED. NO EMPLOYEE OF THE ASSOCIATION OR MEMBER OF ITS BOARD OF DIRECTORS, EITHER IN HIS OR HER OWN NAME, OR IN THE NAME OF HIS OR HER SPOUSE OR CHILDREN, MAY PURCHASE STOCK IN ANY MEMBER COMPANY WITHOUT ADVISING THE ASSOCIATION PRESIDENT OF SUCH OWNERSHIP OR CONTEMPLATED OWNERSHIP. IN 2010, ADVAMED REQUIRED EMPLOYEES AND DIRECTORS TO SUBMIT AN ANNUAL FINANCIAL DISCLOSURE STATEMENT TO THE GENERAL COUNSEL REGARDING HOLDINGS IN MEMBER COMPANIES. AFTER REVIEW OF THE COMPLETED FORMS BY THE GENERAL COUNSEL, POTENTIAL CONFLICTS ARE REPORTED TO THE PRESIDENT, WHO REPORTS ANY SUCH DISCLOSURES TO THE CHAIRMAN OF THE BOARD OF DIRECTORS. INTERESTS IN ENTITIES DOING BUSINESS WITH ADVAMED: IN THE COURSE OF ITS DAY-TO-DAY OPERATIONS, ADVAMED CONTRACTS WITH NUMEROUS FIRMS THAT PROVIDE GOODS AND SERVICES. IT IS IMPORTANT THAT THESE FIRMS ARE CHOSEN FOR BUSINESS PURPOSES AND NOT BECAUSE THEY ARE INAPPROPRIATELY FAVORED BY ADVAMED EMPLOYEES OR DIRECTORS WHO MAY HAVE A FINANCIAL INTEREST IN PARTICULAR TRANSACTIONS. ACCORDINGLY, ADVAMED EMPLOYEES AND DIRECTORS MUST DISCLOSE, ON AN ONGOING BASIS, ANY FINANCIAL INTEREST IN A COMPANY WITH WHICH ADVAMED CONTRACTS, OR IS CONSIDERING. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS INCLUDES ALL OF THESE ELEMENTS: (1) REVIEW AND APPROVAL BY THE BOARD COMMITTEE ON FINANCE, AUDIT AND COMPENSATION OF THE ASSOCIATION; (2) USE OF DATA AS TO COMPARABLE COMPENSATION; AND (3) CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING. 1. REVIEW AND APPROVAL. THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED BY THE BOARD COMMITTEE ON FINANCE, AUDIT AND COMPENSATION OF THE ASSOCIATION, PROVIDED THAT PERSONS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL. 2. USE OF DATA AS TO COMPARABLE COMPENSATION. THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED USING DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. 3. CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING. THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST. FORM 990, PART XII, LINE 2C THE PROCESS FOR OVERSEEING THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT THAT AUDITED THE FINANCIAL STATEMENTS HAS BEEN CONSISTENT WITH PRIOR YEARS. INSTITUTE FOR HEALTH TECHNOLOGY STUDIES 1319 F STREET NW STE 900 WASHINGTON DC 20004 522281033 PROVIDE SUPPORT FOR MEDICAL DEVICE RESEARCH DC 501(C)(3) LINE 11A, I N/A 0 ADVANCED MEDICAL TECHNOLOGY ASSOCIATION POLITICAL ACTION COMMITTEE 701 PENNSYLVANIA AVENUE NW STE 800 WASHINGTON DC 20004 POLITICAL ACTION COMMITTEE DC 527 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 INSTITUTE FOR HEALTH TECHNOLOGY STUDIES P 77015 CASH