2022-11-14T10:56:25-06:00 2021-12-31 201717681 SOMERSET CPAS AND ADVISORS 3925 RIVER CROSSING PKWY STE 100 INDIANAPOLIS IN 46240 990 2021-01-01 352047838 INDIANA HEMOPHILIA & THROMBOSIS CENTER INC INDI 3178710000 8326 NAAB RD INDIANAPOLIS IN 462601920 NANCY HOARD EXECUTIVE DIRECTOR 3178710000 2022-11-11 1 NANCY HOARD 999009999 DAVID A BURNETT CPA CFP P00645058 3174722200 2022-11-11 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z AMY D SHAPIRO MD 8326 NAAB ROAD INDPLS IN 46260 207248125 0 X WWW.IHTC.ORG X 1998 IN THE INDIANA HEMOPHILIA & THROMBOSIS CENTER, INC. IS COMMITTED TO PROVIDING THE HIGHEST QUALITY COMPREHENSIVE SERVICES AND HOLISTIC CARE TO PATIENTS WITH BLEEDING, CLOTTING AND OTHER HEMATOLOGIC DISORDERS, AND TO THEIR FAMILIES. 12 8 219 0 0 36275 2329046 1154498 3358473 4413972 3154323 10219497 38890994 42921486 47732836 58709453 494876 4625251 0 0 26268672 28358421 0 0 104494 10408905 12407391 37172453 45391063 10560383 13318390 214767252 231660883 27018664 20731729 187748588 210929154 X THE INDIANA HEMOPHILIA AND THROMBOSIS CENTER, INC. IS COMMITTED TO PROVIDING THE HIGHEST QUALITY COMPREHENSIVE SERVICES AND HOLISTIC CARE TO PATIENTS WITH BLEEDING, CLOTTING AND OTHER HEMATOLOGIC DISORDERS, AND TO THEIR FAMILIES. 0 0 40535317 4625251 57554955 THE INDIANA HEMOPHILIA & THROMBOSIS CENTER, INC. (IHTC) IS INDIANA'S ONLY FEDERALLY RECOGNIZED COMPREHENSIVE HEMOPHILIA TREATMENT CENTER. IHTC IS A NON-PROFIT, TAX-EXEMPT ORGANIZATION WITH THE MISSION OF PROVIDING THE HIGHEST QUALITY COMPREHENSIVE SERVICES AND HOLISTIC CARE TO PATIENTS WITH BLEEDING, CLOTTING AND OTHER HEMATOLOGIC DISORDERS, AND TO THEIR FAMILIES. IHTC WAS ESTABLISHED IN 1998 AND SERVES BOTH PEDIATRIC AND ADULT PATIENTS THROUGHOUT THE ENTIRE STATE OF INDIANA. IHTC UTILIZES A MULTIDISCIPLINARY, COMPREHENSIVE APPROACH TO TREATING PATIENTS WITH COMPLEX MEDICAL PROBLEMS AND PARTICIPATES IN CLINICAL RESEARCH AND EDUCATION OF MEDICAL STUDENTS,RESIDENTS, FELLOWS, PATIENTS, FAMILIES, AND COMMUNITY MEMBERS. IHTC ENGAGES IN SIGNIFICANT OUTREACH ACTIVITIES THROUGHOUT INDIANA AND THE WORLD INCLUDING PARTICIPATION IN THE INDIANA UNIVERSITY SCHOOL OF MEDICINE-MOI UNIVERSITY SCHOOL OF MEDICINE PARTNERSHIP IN ELDORET, KENYA. 40535317 1 1 0 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 44 0 1 219 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 12 8 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X X ERIC GRAY CPA INDIANA HEMOPHILIA & THROMBOSIS CENTER 3178710000 8326 NAAB ROAD INDIANAPOLIS IN 46260 AMY D SHAPIRO MD PRESIDENT/CEO, MEDICAL DIR 50.00 X X 905194 0 62333 ANNE GREIST MD DIRECTOR, MEDICAL DIRECTOR 50.00 X X 680209 0 55893 PHILLIP HIMELSTEIN CHAIRMAN/CONSULTANT 6.00 X 142500 0 0 RUSSELL SHERLOCK DIRECTOR 3.00 X 75500 0 0 EDWARD SCHMIDT SECRETARY/CONSULTANT 6.00 X 143000 0 0 LEAH MEYER AUSTIN DIRECTOR 3.00 X 57000 0 0 DENNIS CASEY DIRECTOR 3.00 X 60500 0 0 MICHAEL OESTREICHER DIRECTOR 3.00 X 57000 0 0 JENNIFER RHODES DIRECTOR 3.00 X 56000 0 0 PATRICIA ROE DIRECTOR 3.00 X 57000 0 0 HOLIDAY HART MCKIERNAN DIRECTOR 3.00 X 15417 0 0 JEFFERY MARTIN DIRECTOR 3.00 X 18833 0 0 NANCY HOARD EXECUTIVE DIRECTOR 45.00 X 500416 0 39659 ERIC GRAY DIR OF FINANCE & BUS OPS/C 45.00 X 384432 0 78059 KELLY MCCARTHY DIR OF MULTIDISCIPLINARY TEAMS & QUALITY ANALYTICS 45.00 X 258662 0 65034 CHRIS ROBERSON DIRECTOR OF MEDICAL PROGRA 45.00 X 286784 0 63955 JENNIFER MAAHS DIRECTOR OF CLINICAL CARE OPERATIONS 45.00 X 190774 0 22811 STEVAN MIZIMAKOSKI DIRECTOR OF PHARMACY OPERATIONS 45.00 X 166766 0 38170 JAY GADDY MD HEMATOLOGIST 45.00 X 491426 0 58033 DAVID HEDRICK MD HEMATOLOGIST 45.00 X 429807 0 79604 BRANDON HARDESTY MD HEMATOLOGIST 45.00 X 423616 0 79746 MAGDALENA LEWANDOWSKA MD HEMATOLOGIST 45.00 X 436351 0 37751 ANTHONY BETBADAL MD HEMATOLOGIST 45.00 X 388173 0 50419 6225360 0 731467 57 0 1 0 PIVOT POINT CONSULTING LLC 5410 MARYLAND WAY SUITE 460 BRENTWOOD TN 37027 IS CONSULTANTS 750234 SCRIBEAMERICA LLC PO BOX 417756 BOSTON MA 02241 SCRIBE SERVICES 299400 TIMBERLAKE MEDIA SERVICES INC 1556 PINE LAKE DR NAPERVILLE IL 60564 MEDIA CONSULTANT 262038 THE CHARTIS GROUP LLC DEPT 5925 CAROL STREAM IL 60122 CLINIC & LEADERSHIP CONSULTANT 240039 GLOVAL LLC 4460 RED DEER TRAIL BROOMFIELD CO 80020 MEDICAL WRITING 133075 5 920867 233631 1154498 PROGRAM SERVICE REVENUE 621110 4413972 4413972 4413972 4354132 4354132 22029943 250 16164828 0 5865115 250 5865365 5865365 175295330 132373844 42921486 42921486 58709453 57554955 0 0 4625251 4625251 4055987 2685792 1309064 61131 18214142 17698311 472468 43363 1675154 1575320 99834 3150133 3035644 114489 1263005 1173645 89360 216534 38025 178509 70150 70150 8423 8423 885060 885060 2363083 1528126 834957 254637 254637 723071 723071 976353 976353 450549 425519 25030 141810 141810 45033 45033 302282 290202 12080 588954 213929 375025 MEDICAL SUPPLIES & DRUG 1945857 1945857 CONTRACTUAL ADJUSTMENTS 1838812 1838812 PROGRAM EXPENSE 590577 590577 RESEARCH STUDY EXPENSE 204614 204614 801592 771003 30589 45391063 40535317 4751252 104494 9532845 10151971 779182 564688 35803850 34803633 9955409 8279111 287278 393065 10590953 3013313 7817925 7577640 131044603 143721177 18128305 24571263 1417855 1598335 214767252 231660883 22129505 17852969 4889159 2878760 27018664 20731729 X 187498588 210749154 250000 180000 187748588 210929154 214767252 231660883 13318390 9862176 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10923 10923 45362705 45373628 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 26766 28944 8469 10923 75102 250000 250000 250000 250000 1000000 1500000 PART II-B, LINE 1: IHTC ENGAGED A LEGISLATIVE CONSULTANT TO COORDINATE AND CONDUCT MEETINGS WITH STATE LEGISLATORS REGARDING HEALTHCARE MATTERS IN THE STATE OF INDIANA AND THE ORGANIZATION'S MISSION. 553731 553731 8479853 1594502 6885351 1557369 1418811 138558 7577640 ANCHORAGE ILLIQUID OPPORTUNITY FUND VII LP 1340236 F ASIA ALTERNATIVE DELAWARE III 29538 F ASIA ALTERNATIVE DELAWARE V LP 70553 F ASIA ALTERNATIVE FUND III 792100 F ASIA ALTERNATIVE FUND V 896462 F BREAKWATER CREDIT OPPORTUNITIES FUND II LP 1046199 F BRIDGE MULTIFAMILY FUND IV 1307754 F BRIDGE MULTIFAMILY FUND V 797528 F BROOKFIELD FAIRFIELD VAMFIII 302449 F CANYON BALANCED FUND LP 1457682 F CID CAPITAL OPPORTUNITY FUND II LP 336021 F COLONY DISTRESSED CREDIT FUND II LP 31617 F COLONY DISTRESSED CREDIT FUND IV LP 706301 F CONTRARIAN EMERGING MARKETS FUND 813629 F CORRIDOR CAPITAL III LP 310636 F DYAL CAPITAL PARTNERS 269822 F ECP MEZZANINE OPPORTUNITIES FUND LP 234209 F ENERGY CAPITAL PARTNERS III 280522 F ENERGY CAPITAL PARTNERS IV 586266 F EVOKE GROWTH EQUITY FUND I, LP 1061277 F EVOKE INDUSTRIAL RE FUND II, LP 421101 F GSO PRIVATE INVESTORS OFFSHORE II 58102 F HIGHBRIDGE PRINCIPAL MEZZANINE PARTNERS III 825609 F HIGHBRIDGE PRINCIPAL MEZZANINE PARTNERS IV 2019, LP 1351951 F HPS MEZZANINE PRIVATE INVESTORS 172193 F JCR CAPITAL FUND III 146714 F JCR CAPITAL FUND IV 356339 F JCR CAPITAL FUND V 365250 F L CAPITAL ASIA 2 PRIVATE INVESTORS 117692 F MAINSAIL PARTNERS V LP 429428 F NEXUS SPECIAL SITUATIONS II LP 436741 F NEXUS SPECIAL SITUATIONS FUND III, LP 309303 F PROVIDENCE VII PRIVATE INVESTORS 491019 F RCP SECONDARY OPPORTUNITY FUND II 147846 F BRIDGE MULTIFAMILY & COMMERCIAL OFFICE FUND III 534298 F BAIN CAPITAL MIDDLE MARKET CREDIT 2014, LP 122495 F SOUTHWEST VALUE PARTNERS FUND XVII 1083627 F SOUTHWEST VALUE PARTNERS FUND XVIII 936420 F SOUTHWEST VALUE PARTNERS FUND XX 746689 F SOUTHWEST VALUE PARTNERS FUND XXI 349608 F SOUTHWEST VALUE PARTNERS FUND XXII 263158 F STARWOOD SOF IX PRIVATE INVESTORS 159078 F STARWOOD SOF X PRIVATE INVESTORS 119481 F THIRD POINT PARTNERS QUALIFIED LP 1956320 F 24571263 66633489 9862176 9862176 56771313 1938140 1938140 58709453 43452922 0 43452922 1938141 1938141 45391063 PART XI, LINE 4B - OTHER ADJUSTMENTS: ACCOUNT GROUPING DIFFERENCES ON FINANCIALS 1,938,140. PART XII, LINE 4B - OTHER ADJUSTMENTS: ACCOUNT GROUPING DIFFERENCES ON FINANCIALS AND ROUNDING 1,938,141. CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 15632876 0 0 0 0 0 0 15632876 0 15632876 1 0 1 1 1 0 PART III ACCOUNTING METHOD: 1 COMMUNITY HEALTH CLINIC 315 LEHMAN AVE STE C TOPEKA IN 46571 264463924 3 2400000 0 SEE PART IV THE MARTIN CENTER 3545 NORTH COLLEGE AVE INDIANAPOLIS IN 46205 237058960 3 113075 0 SEE PART IV PATIENT SERVICES INC PO BOX 5930 MIDLOTHIAN VA 23112 541596178 3 55000 0 SEE PART IV INDIANA UNIVERSITY - DEPT 78867 PO BOX 78000 DETROIT MI 482780867 356001673 3 78039 0 SEE PART IV REGENTS OF UNIVERSITY OF MICHIGAN 1500 EAST MEDICAL CENTER DR ANN ARBOR MI 481095718 386006309 3 106127 0 SEE PART IV NATIONAL HEMOPHILIA FOUNDATION 7 PENN PLAZA SUITE 1201 NEW YORK NY 10001 135641857 3 50000 0 SEE PART IV VERSITI BLOOD CENTER OF WISCONSIN PO BOX 78961 MILWAUKEE WI 532780961 390807235 3 31979 0 SEE PART IV HEMOPHILIA OF INDIANA 5170 E 65TH STREET SUITE 106 INDIANAPOLIS IN 46220 351278222 3 510531 0 SEE PART IV AMERICAN THROMBOSIS & HEMOSTASIS NETWORK 72 TREASURE LANE RIVERWOODS IL 60015 205244339 3 607500 0 SEE PART IV HEMOPHILIA FOUNDATION OF MICHIGAN 1921 WEST MICHIGAN AVE YPSILANTI MI 48197 381905673 3 630000 0 SEE PART IV LOUSIANA HEMOPHILIA FOUNDATION 3084 WESTFORK DR SUITE A BATON ROUGE LA 70816 510207472 3 30000 0 SEE PART IV CHILDREN'S MUSEUM OF INDIANAPOLIS 3000 NORTH MERIDIAN ST INDIANAPOLIS IN 46208 350867985 3 10000 0 SEE PART IV PART I, LINE 2: THE ORGANIZATION VERIFIES THE TAX EXEMPT STATUS OF THE ORGANIZATIONS REQUESTING ASSISTANCE. REQUESTING ORGANIZATIONS SUBMIT WRITTEN REQUESTS FOR FUNDING WHICH ARE REVIEWED BY MEMBERS OF MANAGEMENT. REQUESTING ORGANIZATIONS MUST PROVIDE AT LEAST ONE PROGRESS REPORT OUTLINING PROJECT ACHIEVEMENT AND USE OF FUNDS. PART ONE LINE TWO PURPOSE OF GRANT ASSISTANCE: COMMUNITY HEALTH CLINIC: CONTRACT FOR SERVICES TO PROVIDE MEDICAL AND DENTAL CARE FOR UNDERSERVED/VULNERABLE POPULATIONS WITHIN LOCAL COMMUNITY. AMOUNTS REPORTED INCLUDE MULTI-YEAR FUTURE COMMITMENTS OF SUPPORT SUBJECT TO ACHIEVEMENT OF GOALS AND OBJECTIVES FOR CONTRACT SERVICES. THE MARTIN CENTER: CONTRACT FOR SERVICES TO IMPLEMENT TRANSPORTATION AND ASSISTANCE INITIATIVES, FACILITATE AN ANNUAL PATIENT EDUCATION CONFERENCE AND PROVIDE SOCIAL SERVICES. PATIENT SERVICES, INC: CONTRACT FOR SERVICES TO PROVIDE ASSISTANCE TO HEMOPHILIA PATIENTS IN THE FEDERAL HEMOPHILIA TREATMENT CENTER COVERED REGION. INDIANA UNIVERSITY - DEPT 78867: SUPPORT FOR HEMATOLOGY FELLOWSHIP PROGRAM. REGENTS OF UNIVERSITY OF MICHIGAN: SUPPORT FOR HEMATOLOGY FELLOWSHIP PROGRAM. NATIONAL HEMOPHILIA FOUNDATION: PROGRAM SUPPORT FOR SOCIAL WORK AND PHYSICAL THERAPY WORKING GROUPS. VERSITI BLOOD CENTER OF WISCONSIN: PROGRAM SUPPORT FOR CLINICAL RESEARCHER. HEMOPHILIA OF INDIANA: CONTRACT FOR SERVICES TO PROVIDE STAFF SUPPORT, PATIENT ASSISTANCE AND SERVICES, ADVOCACY, MEMBERSHIP AND PROGRAM SUPPORT. AMOUNTS REPORTED INCLUDE MULTI-YEAR FUTURE COMMITMENTS OF SUPPORT SUBJECT TO ACHIEVEMENT OF GOALS AND OBJECTIVES FOR CONTRACT SERVICES. AMERICAN THROMBOSIS & HEMOSTASIS NETWORK: CONTRACT FOR SERVICES TO PROVIDE SUPPORT FOR PROGRAMS TO EXPAND DATA MANAGEMENT CAPACITY AT HEMOPHILIA TREATMENT CENTERS. AMOUNTS REPORTED INCLUDE MULTI-YEAR FUTURE COMMITMENTS OF SUPPORT SUBJECT TO ACHIEVEMENT OF GOALS AND OBJECTIVES FOR CONTRACT SERVICES. HEMOPHILIA FOUNDATION OF MICHIGAN: CONTRACT FOR SERVICES TO PROVIDE SUPPORT FOR THE ANNUAL HEMOPHILIA TREATMENT CENTER REGIONAL MEETING, REGIONAL PROGRAMS AND SERVICES AND STAFF. AMOUNTS REPORTED INCLUDE MULTI-YEAR FUTURE COMMITMENTS OF SUPPORT SUBJECT TO ACHIEVEMENT OF GOALS AND OBJECTIVES FOR CONTRACT SERVICES. LOUISIANA HEMOPHILIA FOUNDATION: PROGRAM SUPPORT FOR HURRICANE RELIEF FUND. CHILDREN'S MUSEUM OF INDIANAPOLIS: EXHIBIT SPONSORSHIP HHT FOUNDATION INTERNATIONAL, INC.: EVENT SPONSORSHIP X 1 1 X X X X X X 0 0 0 0 0 0 0 1 0 AMY D SHAPIRO MD PRESIDENT/CEO, MEDICAL DIR 596913 0 206300 0 101981 0 35591 0 26742 0 967527 0 0 0 ANNE GREIST MD DIRECTOR, MEDICAL DIRECTOR 500950 0 173800 0 5459 0 35591 0 20302 0 736102 0 0 0 JAY GADDY MD HEMATOLOGIST 484215 0 5000 0 2211 0 35591 0 22442 0 549459 0 0 0 NANCY HOARD EXECUTIVE DIRECTOR 350761 0 130700 0 18955 0 35591 0 4068 0 540075 0 0 0 DAVID HEDRICK MD HEMATOLOGIST 348717 0 79300 0 1790 0 35591 0 44013 0 509411 0 0 0 BRANDON HARDESTY MD HEMATOLOGIST 360326 0 61500 0 1790 0 35591 0 44155 0 503362 0 0 0 MAGDALENA LEWANDOWSKA MD HEMATOLOGIST 356100 0 78000 0 2251 0 35591 0 2160 0 474102 0 0 0 ERIC GRAY DIR OF FINANCE & BUS OPS/C 288379 0 82500 0 13553 0 35591 0 42468 0 462491 0 0 0 ANTHONY BETBADAL MD HEMATOLOGIST 316116 0 70300 0 1757 0 35591 0 14828 0 438592 0 0 0 CHRIS ROBERSON DIRECTOR OF MEDICAL PROGRA 225824 0 50100 0 10860 0 35591 0 28364 0 350739 0 0 0 KELLY MCCARTHY DIR OF MULTIDISCIPLINARY TEAMS & QUA 209213 0 46200 0 3249 0 32164 0 32870 0 323696 0 0 0 JENNIFER MAAHS DIRECTOR OF CLINICAL CARE OPERATIONS 159754 0 30900 0 120 0 22811 0 0 0 213585 0 0 0 STEVAN MIZIMAKOSKI DIRECTOR OF PHARMACY OPERATIONS 159513 0 5000 0 2253 0 0 0 38170 0 204936 0 0 0 PART I, LINE 7 THE EMPLOYEES LISTED ON SCHEDULE J, PART II ARE ELIGIBLE TO PARTICIPATE IN IHTC'S INCENTIVE COMPENSATION PLAN. IHTC DEVELOPED ITS COMPENSATION PLAN IN CONJUNCTION WITH AN INDEPENDENT CONSULTANT. IN ADDITION, THE PLAN WAS APPROVED BY THE INDEPENDENT COMPENSATION COMMITTEE AND BOARD OF DIRECTORS. IN ADOPTING ITS INCENTIVE BASED COMPENSATION PLAN, IHTC (TOGETHER WITH AN INDEPENDENT CONSULTANT, ITS EXTERNAL LEGAL COUNSEL, AND THE COMPENSATION COMMITTEE) CONSIDERED AND APPLIED THE PROVISIONS OF CODE SECTION 4958 AND THE CORRESPONDING TREASURY REGULATIONS TO ENSURE THAT ITS COMPENSATION DECISIONS REFLECT ARMS' LENGTH, FAIR MARKET TERMS. IHTC PROVIDES FOR DIRECTOR AND OFFICER FIRST CLASS TRAVEL FOR FLIGHTS IN EXCESS OF THREE HOURS AND MAINTAINS A WRITTEN POLICY ACCORDINGLY. FORM 990, PART VI, SECTION A, LINE 2 MESSRS. HIMELSTEIN AND SHERLOCK HAVE A BUSINESS RELATIONSHIP. MESSRS. HIMELSTEIN AND OESTREICHER HAVE A BUSINESS RELATIONSHIP. MESSRS. HIMELSTEIN, SHERLOCK, AND OESTREICHER HAVE A BUSINESS RELATIONSHIP. MESSRS. SHERLOCK AND MARTIN HAVE A BUSINESS RELATIONSHIP. NONE OF THESE BUSINESS RELATIONSHIPS CONDUCTS BUSINESS WITH IHTC. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990: FORM 990 IS REVIEWED AND REVISED AS NECESSARY, BY MANAGEMENT STAFF, CORPORATE COUNSEL AND FINANCE COMMITTEE AND ANY CHANGES ARE INCORPORATED PRIOR TO FILING. FORM 990 ALONG WITH MANAGEMENT'S RECOMMENDATION FOR APPROVAL IS THEN PRESENTED TO THE FULL BOARD OF DIRECTORS, WHOM REVIEWS THE FORM AND IF THEY APPROVE THE FORM IS SIGNED AND FILED. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT OF CONFLICTS POLICY IHTC HAS ADOPTED A CONFLICT OF INTEREST POLICY THAT REQUIRES DIRECTORS, OFFICERS AND KEY EMPLOYEES TO SUBMIT AN ANNUAL CONFLICT OF INTEREST DISCLOSURE. THE ANNUAL DISCLOSURE REQUIRES DIRECTORS, OFFICERS AND KEY EMPLOYEES TO DISCLOSE, IN WRITING, ANY KNOWN FINANCIAL INTEREST THAT THE INDIVIDUAL (TOGETHER WITH FAMILY MEMBERS) HAS IN ANY BUSINESS ENTITY THAT TRANSACTS BUSINESS WITH IHTC. IN ADDITION, DIRECTORS, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO IMMEDIATELY DISCLOSE ANY POSSIBLE CONFLICT OF INTEREST THAT ARISES MID-YEAR IN RELATION TO A PROPOSED TRANSACTION. THE CONFLICT OF INTEREST POLICY REQUIRES THAT ANY INDIVIDUAL WITH A CONFLICT BE RECUSED FROM THE DECISIONMAKING PROCESS, THAT INDEPENDENT DIRECTORS OR COMMITTEE MEMBERS DETERMINE THAT THE PROPOSED TRANSACTION IS IN THE BEST INTERESTS OF IHTC, AND THE TRANSACTION MUST BE APPROVED BY A VOTE OF THE INDEPENDENT DIRECTORS OR COMMITTEE MEMBERS WITHOUT THE PARTICIPATION OF ANY INTERESTED INDIVIDUAL. THE ANNUAL CONFLICT DISCLOSURE STATEMENTS ARE SUBMITTED TO, AND REVIEWED BY, IHTC'S CEO OR COO. IN ADDITION, THE EXECUTIVE STAFF AND LEGAL STAFF ARE RESPONSIBLE FOR MONITORING ANY POSSIBLE CONFLICT TRANSACTIONS THAT ARISE AND MANAGING THEM TO ENSURE THAT ALL TRANSACTIONS REPRESENT ARMS' LENGTH, FAIR MARKET VALUE TERMS FOR THE BENEFIT OF IHTC. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR TOP OFFICIAL IHTC HAS ADOPTED AN EXECUTIVE COMPENSATION AND INTERMEDIATE SANCTIONS POLICY THAT APPLIES TO IHTC'S DIRECTORS,OFFICERS, AND KEY EMPLOYEES. THE PURPOSE OF THE POLICY IS TO ENSURE THAT IHTC'S COMPENSATION ARRANGEMENTS WITH RELATED PARTIES ARE EVALUATED AND ENTERED AT ARMS' LENGTH AND THAT ANY COMPENSATION THAT IS PAID TO A RELATED PARTY IS REASONABLE AND REFLECTS FAIR MARKET VALUE. THE POLICY ENCOURAGES THE APPLICATION OF THE REBUTTABLE PRESUMPTION STANDARD OF CODE SECTION 4958 AND THE RELATED TREASURY REGULATIONS BY (A) EXCLUDING ANY INTERESTED PARTY FROM THE DECISION-MAKING PROCESS; (B) REQUIRING DISINTERESTED BOARD OR COMMITTEE MEMBERS TO OBTAIN AND RELY UPON COMPARABILITY DATA WHEN SETTING THE PROPOSED COMPENSATION TERMS; (C) REQUIRING APPROVAL OF THE TRANSACTION IN ADVANCE BY DISINTERESTED DIRECTORS OR COMMITTEE MEMBERS; AND (D) REQUIRING CONTEMPORANEOUS DOCUMENTATION (I.E., MINUTES) REFLECTING THE DECISION AND THE PROCESS BY WHICH IT WAS MADE. IHTC RETAINS AN INDEPENDENT CONSULTANT TO CONDUCT AN ANNUAL STUDY AND PROVIDE COMPARATIVE SALARY MARKET DATA FOR THE CONSIDERATION OF IHTC'S COMPENSATION COMMITTEE. IHTC ALSO RETAINS OUTSIDE LEGAL COUNSEL TO ENSURE THAT ITS PROCESSES AND PROCEDURES RELATING TO COMPENSATION DECISIONS IS IN COMPLIANCE WITH ITS EXECUTIVE COMPENSATION AND INTERMEDIATE SANCTIONS POLICY. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION: SOME OF THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE ON ANOTHER ORGANIZATION'S WEBSITE. THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS OUTLINED WITHIN SCHEDULE O OF THIS FILING. NO OTHER DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC EXCEPT OTHERWISE PROVIDED BY LAW.