2021-11-11T17:17:24-06:00 2020-12-31 366055558 GRANT THORNTON LLP 100 E WISCONSIN AVE MILWAUKEE WI 53202 990 2020-01-01 454675354 VERSITI INC VERS 4149335000 PO BOX 2178 638 NORTH 18TH STREET MILWAUKEE WI 532012178 CHRIS MISKEL PRESIDENT & CEO 4149335000 2021-11-10 1 CHRIS MISKEL MICHELLE L WEBER P00556798 4142898200 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z CHRIS MISKEL PO BOX 2178 638 NORTH 18TH STREET MILWAUKEE WI 532012178 21910900 0 X WWW.VERSITI.ORG X 2012 WI (SEE SCHEDULE O)VERSITI SUPPORTS CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES OF ITS AFFILIATES AND OTHER SIMILAR ENTITIES ENGAGED IN BLOOD TRANSFUSION, SERVICES AND RESEARCH. 16 15 8 15 0 0 0 0 22770167 21872073 62514 31036 31764 6460 22864445 21909569 0 0 0 0 0 0 0 0 0 22905764 21972152 22905764 21972152 -41319 -62583 25190336 34415361 24840336 34065361 350000 350000 VERSITI, INC. (VERSITI) SUPPORTS CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES OF ITS AFFILIATES AND OTHER SIMILAR ENTITIES ENGAGED IN BLOOD TRANSFUSION, SERVICES AND RESEARCH. 0 0 0 0 21872073 VERSITI SUPPORTS VERSITI WISCONSIN, VERSITI ILLINOIS, VERSITI MICHIGAN AND VERSITI INDIANA BY PROVIDING VARIOUS CENTRALIZED MANAGEMENT AND ADMINISTRATIVE FUNCTIONS. 1 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 179 0 1 8 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X PAUL MATSON 4149376349 638 N 18TH ST MILWAUKEE WI 53233 X CHRIS MISKEL PRESIDENT & CEO 1.00 54.00 X X 0 1019806 43085 THOMAS ABSHIRE MD EVP MSI & CHIEF MED OFFICER 0.00 55.00 X 0 671220 25280 BRIAN BAUTISTA EVP & CHIEF OPERATING OFFICER 0.00 55.00 X 0 647495 43085 BART REUTER EVP & GENERAL COUNSEL 1.00 54.00 X 0 588501 43640 ANTHONY WATKINS EVP & CHIEF FINANCIAL OFFICER 1.00 43.00 X 0 517599 36332 GITESH DUBAL EVP & CHIEF MARKETING OFFICER 0.00 55.00 X 0 483732 41028 JAMES WEIDNER EVP & CHIEF HR OFFICER 1.00 54.00 X 0 419706 38589 BRADLEY PIETZ EVP & CHIEF INNOVATION OFFICER 0.00 55.00 X 0 383777 43406 LYNNE BRIGGS VP & CHIEF INFORMATION OFFICER 0.00 55.00 X 0 373761 46219 MARGARET MCELLIGOTT VP & CHIEF QUALITY OFFICER 0.00 55.00 X 0 317440 37051 GILBERT C WHITE MD PRINCIPAL INVESTIGATOR 0.00 28.00 X 0 317144 29436 DALE KENT CHAIR 1.00 5.00 X X 0 0 0 THOMAS HAUSKE JR VICE CHAIR 1.00 4.00 X X 0 0 0 JAMES M RAUH SECRETARY 1.00 5.00 X X 0 0 0 JOHN PERRAS TREASURER 1.00 4.00 X X 0 0 0 CATHY BUCK BOARD MEMBER - THRU 5/2020 1.00 3.00 X 0 0 0 FRED GEILFUSS BOARD MEMBER; LEGAL ADVISOR 1.00 4.00 X 0 0 0 DAVID GINSBURG MD BOARD MEMBER 1.00 4.00 X 0 0 0 GAIL HANSON BOARD MEMBER 1.00 4.00 X 0 0 0 SHERRY HUSA BOARD MEMBER 1.00 4.00 X 0 0 0 ROBERT H MANEGOLD BOARD MEMBER 1.00 5.00 X 0 0 0 JEFFREY S MCDONALD BOARD MEMBER 1.00 4.00 X 0 0 0 RON MILLER BOARD MEMBER 1.00 4.00 X 0 0 0 MITCHELL G WATT BOARD MEMBER 1.00 4.00 X 0 0 0 GREG WESLEY BOARD MEMBER 1.00 4.00 X 0 0 0 L ALAN WHALEY BOARD MEMBER 1.00 4.00 X 0 0 0 PETER ZIEGLER BOARD MEMBER 1.00 5.00 X 0 0 0 0 5740181 427151 0 1 1 0 CERIDIAN PO BOX 772830 CHICAGO IL 60677 HR SOFTWARE SUPPORT 644617 ZS ASSOCIATES INC PO BOX 4543 CAROL STREAM IL 60197 CELL THERAPY SERVICES 631464 ORACLE AMERICA INC PO BOX 203448 DALLAS TX 75320 SOFTWARE CONSULTING 414467 OMNISOURCE MARKETING GROUP 8925 N MERIDIAN ST 150 INDIANAPOLIS IN 46260 MARKETING 391949 ARLINGTON COMPUTER PRODUCTS LLC PO BOX 7002 CAROL STREAM IL 60197 SOFTWARE CONSULTING 345871 18 AFFILIATE FEES 561000 21872073 21872073 21872073 32367 32367 1331 -1331 -1331 -1331 CREDIT CARD REBATES 900099 6325 6325 PAYROLL GARNISHMENT FEES 900099 135 135 6460 21909569 21872073 0 37496 429137 429137 402582 402582 45000 45000 1763286 1763286 746090 746090 8445 8445 1538067 1538067 5126 5126 161100 161100 7772 7772 267116 267116 1231041 1231041 SALARIES FOR REL ORGS 14267052 14267052 EMPLOYMENT 379022 379022 DONOR COST 365302 365302 DUES & MEMBERSHIPS 249621 249621 106393 106393 21972152 0 21972152 0 20666562 29023547 0 0 0 0 938045 1065343 0 0 0 0 0 0 0 0 1838150 1293470 2521611 477618 1019902 2043993 377677 575008 0 0 350000 350000 0 0 0 64000 25190336 34415361 23080832 31692317 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1759504 2373044 24840336 34065361 X 350000 350000 350000 350000 25190336 34415361 -62583 62583 0 X 0 1 X 1 0 X X X 4 VERSITI WISCONSIN INC 390807235 7 1 0 9842433 VERSITI ILLINOIS INC 362179768 10 0 0 3565148 VERSITI MICHIGAN INC 381550001 10 0 0 4177566 VERSITI INDIANA INC 350991629 10 0 0 4286926 4 0 21872073 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PART I, LINE G: SUPPORTING ORGANIZATION VERSITI, INC. IS A SUPPORTING ORGANIZATION THAT IS OPERATED FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF VERSITI WISCONSIN, INC., VERSITI ILLINOIS, INC., VERSITI MICHIGAN, INC. AND VERSITI INDIANA, INC. SEE SCHEDULE A, PART I, LINE 11G CHART. PART IV, SECTION A, LINE 1: LISTED IN GOVERNING DOCUMENTS VERSITI WISCONSIN, INC.; BY REFERENCE TO ITS FORMER NAME, IS LISTED BY NAME IN THE ARTICLES OF INCORPORATION. ALL OTHER SUPPORTED ORGANIZATIONS ARE DESIGNATED BY PURPOSE/CLASS AS PUBLICLY SUPPORTED ORGANIZATIONS AFFILIATED WITH VERSITI, INC. THAT ENGAGE IN BLOOD TRANSFUSION, SERVICES OR RESEARCH. PART IV, SECTION C, LINE 1: CONTROL OR MANAGEMENT OF THE SUPPORTING ORGANIZATIONS WHILE THERE IS NOT A MAJORITY OVERLAP OF OFFICERS AND DIRECTORS, CONTROL OR MANAGEMENT OF THE SUPPORTING ORGANIZATIONS IS VESTED IN THE SAME PERSONS THAT CONTROL AND MANAGE THE SUPPORTED ORGANIZATIONS. 0 0 0 0 0 0 0 0 1 902 902 0 PART II-B, LINE 1: OTHER ACTIVITIES $902 OF THE DUES PAID TO AMERICA'S BLOOD CENTERS HAS BEEN ALLOCATED TO LOBBYING. 0 0 1313959 477618 836341 1207652 1207652 2043993 ST LIABILITY: TERUMO AGREEMENT 285700 LT LIABILITY: TERUMO AGREEMENT 285894 ADDITIONAL INCENTIVES 1213993 LONG TERM RETIREMENT LIABILITIES 587457 2373044 X PART X, LINE 2: INCOME TAXES VERSITI, WISCONSIN, ILLINOIS, MICHIGAN, INDIANA 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 (IRC). 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 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. VERSITI, WISCONSIN, ILLINOIS, MICHIGAN, INDIANA AND THE FOUNDATION ARE EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(3), THOUGH THEY ARE SUBJECT TO TAX ON INCOME UNRELATED TO THEIR EXEMPT PURPOSES, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE IRC. THE ORGANIZATION HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE ORGANIZATION FILES FEDERAL AND STATE INCOME TAX RETURNS TO REPORT UNRELATED BUSINESS INCOME WHERE APPLICABLE, AND WITH FEW EXCEPTIONS, THOSE PERIODS GENERALLY REMAIN OPEN THREE YEARS FOR FEDERAL PURPOSES AND FOUR YEARS FOR STATE PURPOSES. THE STATUTE OF LIMITATIONS WILL REMAIN OPEN FOR ANY YEARS WHERE RETURNS WERE NOT FILED. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. SALUS HAS BEEN ORGANIZED AS A LIMITED LIABILITY COMPANY AND, ACCORDINGLY, IS NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES. ALL INCOME TAX ATTRIBUTES OF THE ENTITY ARE PASSED THROUGH TO ITS SOLE MEMBER, WISCONSIN. THE ENTITY IS INCLUDED IN THE CONSOLIDATED INFORMATION RETURN FILED BY VERSITI. CENETRON HAS BEEN ORGANIZED AS A WHOLLY OWNED LLC THAT HAS ELECTED TO BE TREATED AS A C-CORPORATION FOR TAX PURPOSES AND SO IS SUBJECT TO FEDERAL AND STATE INCOME TAXES. INCOME TAXES ARE PROVIDED FOR THE TAX EFFECTS OF TRANSACTIONS REPORTED BY CENETRON AND CONSIST OF TAXES CURRENTLY DUE AND DEFERRED TAXES. DEFERRED TAXES ARE RECOGNIZED FOR DIFFERENCES BETWEEN THE BASIS OF ASSETS AND LIABILITIES FOR FINANCIAL STATEMENT AND INCOME TAX PURPOSES. THE DIFFERENCES RELATE PRIMARILY TO INTANGIBLE ASSETS. THE DEFERRED TAX ASSETS AND LIABILITIES REPRESENT THE FUTURE TAX RETURN CONSEQUENCES OF THOSE DIFFERENCES, WHICH WILL EITHER BE TAXABLE OR DEDUCTIBLE WHEN THE ASSETS AND LIABILITIES ARE RECOVERED OR SETTLED. CENETRON IS SUBJECT TO TAXATION IN THE UNITED STATES AND THE STATE OF TEXAS. 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, 2020 AND 2019. X 1 1 X X X X X 0 0 0 0 1 0 1 1 0 CHRIS MISKEL PRESIDENT & CEO 0 681650 0 336686 0 1470 0 19500 0 23585 0 1062891 0 0 THOMAS ABSHIRE MD EVP MSI & CHIEF MED OFFICER 0 517993 0 146405 0 6822 0 22800 0 2480 0 696500 0 0 BRIAN BAUTISTA EVP & CHIEF OPERATING OFFICER 0 453048 0 192377 0 2070 0 19500 0 23585 0 690580 0 0 BART REUTER EVP & GENERAL COUNSEL 0 387440 0 198991 0 2070 0 19255 0 24385 0 632141 0 0 ANTHONY WATKINS EVP & CHIEF FINANCIAL OFFICER 0 371263 0 132173 0 14163 0 19950 0 16382 0 553931 0 0 GITESH DUBAL EVP & CHIEF MARKETING OFFICER 0 371352 0 110910 0 1470 0 17443 0 23585 0 524760 0 0 JAMES WEIDNER EVP & CHIEF HR OFFICER 0 313828 0 102259 0 3619 0 19950 0 18639 0 458295 0 0 BRADLEY PIETZ EVP & CHIEF INNOVATION OFFICER 0 287198 0 94723 0 1856 0 19209 0 24197 0 427183 0 0 LYNNE BRIGGS VP & CHIEF INFORMATION OFFICER 0 295391 0 73144 0 5226 0 22800 0 23419 0 419980 0 0 MARGARET MCELLIGOTT VP & CHIEF QUALITY OFFICER 0 255129 0 57138 0 5173 0 20835 0 16216 0 354491 0 0 GILBERT C WHITE MD PRINCIPAL INVESTIGATOR 0 202525 0 112095 0 2524 0 13500 0 15936 0 346580 0 0 PART I, LINE 1A BUSINESS CLUB DUES VERSITI, INC. PROVIDES BUSINESS CLUB MEMBERSHIPS FOR THE FOLLOWING EMPLOYEE: CHRIS MISKEL - $1,105 THE CLUB MEMBERSHIPS ARE NOT TREATED AS TAXABLE COMPENSATION. THE EMPLOYEE USES 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 REIMBURSES THE ENTITY FOR PERSONAL EXPENSES. PART I, LINES 5B, 6B AND 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 DETERMINED; IN PART, ON THE CONSOLIDATED REVENUE AND NET EARNINGS OF OPERATING DIVISIONS. 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. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW VERSITI, INC. UTILIZES GRANT THORNTON LLP TO COMPLETE THE IRS FORM 990 AND RELATED SCHEDULES. FOLLOWING COMPLETION, THEY ARE REVIEWED BY THE CONTROLLER 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. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY VERSITI, INC. 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 THE ORGANIZATION. WHETHER THEY RECEIVED COMPENSATION FROM ANY ORGANIZATION THAT SHARES COMMON OWNERSHIP OR CONTROL WITH THE ORGANIZATION. 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 THE ORGANIZATION. 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. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS VERSITI, INC. DIRECTLY COMPENSATES 8 OF ITS EMPLOYEES/OFFICERS. THESE OFFICERS PROVIDE SERVICES TO THE SUPPORTED ORGANIZATIONS, SUBJECT TO THE ORGANIZATION'S COST ALLOCATIONS. VERSITI AND ITS AFFILIATES 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 THE ORGANIZATION. 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/OR 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 COMMITTEE'S MINUTES IS ALSO PROVIDED TO THE VERSITI BOARD OF DIRECTORS. VERSITI HAS AN INCENTIVE PROGRAM 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 CEO REVIEWS THE PERFORMANCE OF EACH EXECUTIVE AND THE ACHIEVEMENT OF THEIR INDIVIDUAL GOALS AND OBJECTIVES. THE VERSITI 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 FORM 990, 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 DURING NORMAL BUSINESS HOURS AND AT THE ORGANIZATION'S LOCATION. 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 PRESIDENT AND CEO HOURS REPORTED BY THE FILING ORGANIZATION ARE REFLECTIVE OF HOURS SPENT ON SUPERVISION OF THE AFFILIATE GROUP. VERSITI WISCONSIN INC PO BOX 2178 638 N 18TH ST MILWAUKEE WI 53201 390807235 BLOOD WI 501(C)(3) LINE 7 VERSITI 1 VERSITI BLOOD RESEARCH INSTITUTE FNDN PO BOX 2178 638 N 18TH ST MILWAUKEE WI 53201 391372542 SUPPORT WI 501(C)(3) LINE 12B, II VERSITI 1 VERSITI ILLINOIS INC 1200 N HIGHLAND AVE AURORA IL 60506 362179768 BLOOD IL 501(C)(3) LINE 10 VERSITI 1 VERSITI MICHIGAN INC 1036 FULLER AVE NE GRAND RAPIDS MI 49503 381550001 BLOOD MI 501(C)(3) LINE 10 VERSITI 1 VERSITI INDIANA INC 3450 N MERIDIAN ST INDIANAPOLIS IN 46208 350991629 BLOOD IN 501(C)(3) LINE 10 VERSITI 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0 VERSITI WISCONSIN INC L 9842433 FMV VERSITI INDIANA INC L 4286926 FMV VERSITI MICHIGAN INC L 4177566 FMV VERSITI ILLINOIS INC L 3565148 FMV PART V, LINES 1N, 1O, & 1P: TRANSACTIONS WITH RELATED ORGANIZATIONS VERSITI, INC. SHARES FACILITIES, EQUIPMENT, AND PAID EMPLOYEES AND REIMBURSES RELATED ORGANIZATIONS FOR EXPENSES; HOWEVER, THE EXACT DOLLAR AMOUNT OF SUPPORT PROVIDED IS NOT READILY DETERMINABLE.