2020-11-12T12:32:31-06:00 2019-12-31 Grant Thornton LLP 100 E Wisconsin Ave Milwaukee WI 53202 990 2019-01-01 381550001 Versiti Michigan Inc % JOANNA MCCOY VERS 6167742300 PO Box 1704 Grand Rapids MI 495011704 CHRIS MISKEL CEO 6308927055 2020-11-12 true Michelle L Weber P00556798 4142898200 65.26.236.111 39529020203175000002 2020-11-12 P 9B78095357A78499D8286BCD82111F39E51840A5 6098D55FF0E7CCF9C3E403A7CE8C578524A243B8 2019 2021-01-29 14:40:06Z Chris Miskel 638 N 18th Street Milwaukee WI 532332121 58152539 false X www.versiti.org X 1955 MI HELPING PEOPLE MAKE A LIFESAVING DIFFERENCE THROUGH BLOOD PRODUCTS AND SERVICE EXCELLENCE. 16 15 509 362 0 0 453226 393752 55299607 57226214 313516 420934 -3142 22794 56063207 58063694 0 75820 0 0 22976972 21858557 0 0 0 33737156 37191430 56714128 59125807 -650921 -1062113 34281735 33870208 5106361 4210048 29175374 29660160 X THE PURPOSE OF VERSITI MICHIGAN IS TO PROVIDE A SAFE AND ADEQUATE BLOOD SUPPLY AND BLOOD-RELATED SERVICES FOR THE COMMUNITIES SERVED BY HOSPITAL PARTNERS THROUGHOUT THE STATE. VERSITI MICHIGAN IS THE SOLE PROVIDER OF BLOOD FOR 61 HOSPITAL FACILITIES. THESE HOSPITALS INCLUDE MAJOR MEDICAL CENTERS (SECONDARY - AND TERTIARY-CARE TEACHING FACILITIES) SERVING POPULATIONS TOTALING MORE THAN 2.5 MILLION PEOPLE. VERSITI MICHIGAN SUPPORTS ANOTHER 23 HOSPITALS THROUGH SUPPLEMENTAL CONTRACTS. THROUGH DONOR CENTERES AND BLOOD DRIVES IN NORTHWEST, EAST-CENTRAL, WEST, SOUTHWEST AND SOUTHEAST MICHIGAN, VERSITI MICHIGAN RECRUITS AND COLLECTS BLOOD FROM VOLUNTEER DONORS TO ACHIEVE ITS LIFESAVING MISSION. ANNUALLY, VERSITI MICHIGAN COLLECTS APPROXIMATELY 148,000 UNITS OF BLOOD FROM VOLUNTEER BLOOD DONORS AND DISTRIBUTES 295,000 BLOOD COMPONENTS. false false 50177796 75820 57234864 FOR OVER 65 YEARS, VERSITI MICHIGAN HAS PROUDLY SERVED MICHIGAN HOSPITALS AS AN INDEPENDENT, COMMUNITY-BASED, NONPROFIT BLOOD CENTER. IN ADDITION TO BLOOD DONATION, VERSITI MICHIGAN ADMINISTERS A VARIETY OF KEY PROGRAMS AND SPECIALTY SERVICES THAT FURTHER OUR LIFESAVING MISSION. THESE SERVICES INCLUDE A NATIONALLY RECOGNIZED CENTER FOR THE NATIONAL MARROW DONOR PROGRAM, ONE OF ONLY 20 PUBLIC CORD BLOOD BANKS IN AMERICA, AND WE WORK ALONGSIDE LOCAL HOSPITALS TO DELIVER A NUMBER OF MEDICAL SERVICES AND THERAPEUTIC PROCEDURES. VERSITI MICHIGAN IS ALSO AFFILIATED WITH VERSITI, AN ORGANIZATION WHOSE MEMBERS SHARE RESOURCES AND EXPERTISE TO IMPROVE PATIENT OUTCOMES, AS WELL AS CONDUCT LEADING EDGE MEDICAL RESEARCH AND PROVIDE NATIONWIDE DIAGNOSTIC LAB SERVICES. TO LEARN MORE ABOUT THE PROGRAM SERVICES VERSITI MICHIGAN PROVIDES PLEASE SEE DETAILED DESCRIPTIONS BELOW: BLOOD DONATION: VOLUNTEER BLOOD DONORS GIVE BLOOD AT EIGHT PERMANENT DONOR CENTERS THROUGHOUT MICHIGAN AND AT BLOOD DRIVES HOSTED BY COMMUNITY ORGANIZATIONS AND BUSINESSES. EACH VERSITI MICHIGAN REGION ALSO OPERATES A SELF-CONTAINED BLOOD CENTER ON WHEELS. THESE "BLOOD BUSES" HELP EXPAND OUR REACH TO SMALL COMMUNITIES AND URBAN AREAS WHERE SPACE IS AT A PREMIUM. SEE WWW.VERSITI.ORG FOR A COMPREHENSIVE LIST OF DONATION LOCATIONS. APHERESIS: SPECIAL EQUIPMENT MAKES IT POSSIBLE TO COLLECT ONE OR MORE SPECIFIC BLOOD COMPONENTS FROM A DONOR, WHILE RETURNING THE REMAINING COMPONENTS BACK TO THE DONOR. APHERESIS DONATIONS ALLOW A GREATER QUANTITY OF ONE COMPONENT TO BE DRAWN VERSUS A STANDARD WHOLE BLOOD DONATION. THESE LARGER COMPONENT-SPECIFIC DONATIONS HELP REDUCE THE NUMBER OF DONORS A PATIENT IS EXPOSED TO, WHICH IS PREFERRED BY MOST PHYSICIANS. ALSO, PATIENTS WITH DISEASES SUCH AS TTP, KIDNEY REJECTIONS, MYASTHENIA GRAVIS, SICKLE CELL DISEASE, OR LEUKEMIA CAN BE TREATED BY THE REMOVAL OF ONE OR MORE BLOOD COMPONENTS USING THERAPEUTIC APHERESIS TECHNOLOGY. VERSITI MICHIGAN STAFF AND EQUIPMENT TRAVEL TO GRAND RAPIDS AREA HOSPITALS TO PERFORM ROUGHLY 2,000 PROCEDURE'S ANNUALLY. MARROW/STEM CELL PROGRAM: IN THE PAST 30 YEARS, VERSITI MICHIGAN/VERSITI NMDP SERVICES HAS ESTABLISHED ONE OF THE PREMIER RECRUITMENT DONOR CENTER RECORDS IN THE UNITED STATES. VERSITI MICHIGAN/VERSITI ADDED MORE THAN 208,000 INDIVIDUALS WITH ADVANCED TISSUE TYPING TO THE REGISTRY OF POTENTIAL STEM CELL DONORS MAINTAINED BY THE BE THE MATCH REGISTRY (NATIONAL MARROW DONOR PROGRAM). IN 2010, THE DONOR CENTER RECEIVED THE DONOR MANAGEMENT RECOGNITION AWARD, A LIFETIME ACHIEVEMENT AWARD. NMDP SERVICES ALSO PROVIDES SUPPORT SERVICES FOR PATIENTS AND FAMILIES SEEKING COMPATIBLE STEM CELL DONORS. STEM CELL TRANSPLANTS REMAIN THE PRIMARY SOURCE OF HOPE FOR PATIENTS WITH CERTAIN KINDS OF LIFE-THREATENING DISEASES. VERSITI MICHIGAN HAS HELPED FACILITATE LIFESAVING STEM CELL TRANSPLANTS FOR OVER 1,250 PEOPLE AROUND THE WORLD. CORD BLOOD BANK/STEM CELL PROCESSING LABORATORY: VERSITI MICHIGAN CORD BLOOD BANK, THE FIRST OF ITS KIND IN MICHIGAN, HAS STORED CORD BLOODS FROM MORE THAN 4,000 UMBILICAL CORDS AND HAS DISTRIBUTED OVER 200 CORDS FOR TRANSPLANTS AROUND THE WORLD. CORD BLOOD IS RICH IN STEM CELLS AND CORD BLOOD TRANSPLANTATION IS FINDING APPLICATION IN CHILDREN AND ADULTS AROUND THE GLOBE SUFFERING FROM CERTAIN LIFE-THREATENING DISEASES. LOCAL AVAILABILITY OF STEM CELL COLLECTION, PROCESSING, STORAGE, AND PRE-TRANSPLANT PREPARATION SUPPORTS THE LOCAL TRANSPLANT PROGRAM'S ABILITY TO OFFER ADVANCED MEDICAL CARE. IT ALSO OFFERS INCREASED CONVENIENCE AND REDUCED STRESS FOR PATIENTS AND FAMILIES WHO PREVIOUSLY HAD TO TRAVEL LONG DISTANCES FOR TRANSPLANT SERVICES. CELLULAR THERAPY: AS PART OF EVER-CHANGING MEDICAL LANDSCAPE, VERSITI MICHIGAN SUPPORTS PERSONALIZED CELLULAR THERAPY TREATMENTS USED IN A NUMBER OF CANCERS AND OTHER LIFE-THREATENING DISEASES. FOR INSTANCE, VERSITI MICHIGAN COLLECTS CELLS FROM PROSTATE CANCER PATIENTS TO BE USED IN THE PREPARATION OF PERSONALIZED TREATMENTS. OTHER APPLICATIONS ARE ROUTINELY BEING RESEARCHED AND TRIALED IN HOPES OF GAINING FDA APPROVAL. VERSITI MICHIGAN ALSO COLLECTS PATIENT WHITE CELLS AND PROCESSES THEM WITH UV LIGHT TO HELP TREAT GRAFT VS. HOST DISEASE AND CUTANEOUS T-CELL LYMPHOMA. DNA/HLA LABORATORY: THIS LABORATORY USES SPECIAL TECHNIQUES TO CONDUCT TISSUE TYPING AT THE GENETIC CODE LEVEL TO EVALUATE DONOR-PATIENT COMPATIBILITY BEFORE TRANSPLANTATION. LOCAL AVAILABILITY OF THESE SERVICES HELPS DOCTORS RESPOND FASTER TO URGENT PATIENT NEEDS CAUSED BY AGGRESSIVE DISEASES. PATIENTS WITH TRANSFUSION/PREGNANCY-RELATED SENSITIVITIES ALSO BENEFIT FROM THE SERVICES OF THE DNA/HLA LABORATORY WHICH HELPS PHYSICIANS DIAGNOSE, TREAT AND FIND APPROPRIATE BLOOD PRODUCTS. THE DNA/HLA LABORATORY ALSO TYPES APHERESIS DONORS TO IDENTIFY LIFE-SAVING MATCHES FOR PATIENTS NEEDING COMPONENT TRANSFUSION. REFERENCE LABORATORY: PATIENTS WITH COMPLEX TRANSFUSION-RELATED SENSITIVITIES BENEFIT FROM THE SERVICES OF THE RED CELL REFERENCE LABORATORY, WHICH PROVIDES INFORMATION THAT HELPS PHYSICIANS DIAGNOSE AND TREAT COMPLICATED CASES AND FIND RARE BLOOD TYPES FOR TRANSFUSION. THESE PATIENTS OFTEN ARE CRITICALLY ILL AND MAY SUFFER SERIOUS COMPLICATIONS (INCLUDING DEATH) WITHOUT SPECIAL LABORATORY SERVICES TO HELP THEIR DOCTORS ASSESS THE RISKS OF TRANSFUSION REACTIONS AND DONOR/RECIPIENT INCOMPATIBILITIES. VOLUNTEERISM: VERSITI MICHIGAN OFFERS A WIDE VARIETY OF OPPORTUNITIES FOR COMMUNITY MEMBERS INTERESTED IN VOLUNTEERING THEIR TIME TO HELP THEIR COMMUNITY AND SUPPORT VERSITI MICHIGAN'S LIFESAVING MISSION. 50177796 true true false true false false false false false true true true false false true true false true false false false false false false true false false false false true false false false false false false false false true false false false false true false false false true 2 0 true 509 true false false false false false true true false false false false false false X 16 15 false false false false true true true true true false false true true true true true true true true false MI X JOANNA MCCOY 6308013147 1200 N HIGHLAND AVENUE AURORA IL 60506 X CHRIS MISKEL CEO 10.0 45.0 X X 165170 752436 41657 THOMAS ABSHIRE MD EVP MSI & CHIEF MED OFFICER 0.0 55.0 X 0 577401 24817 BRIAN BAUTISTA EVP & Chief Operating Officer 10.0 45.0 X 99242 452104 41657 GILBERT C WHITE MD EVP of Research - thru 6/19 0.0 55.0 X 0 500655 37934 GITESH DUBAL EVP & CHIEF MARKETING OFFICER 10.0 45.0 X 85418 389130 41657 ANTHONY WATKINS EVP & CHIEF FINANCIAL OFFICER 10.0 45.0 X 85337 388754 40559 JAMES WEIDNER EVP & CHIEF HR OFFICER 10.0 45.0 X 69840 318160 41551 LYNNE BRIGGS VP & CHIEF INFORMATION OFFICER 10.0 45.0 X 60040 273516 44457 LEEANN WIETEKAMP VP OF MEDICAL SERVICES 55.0 0.0 X 360934 0 11174 BART REUTER EVP & Gen.Counsel - as of 1/19 10.0 45.0 X 57061 259942 40545 BRADLEY PIETZ EVP & Chief Innovation Officer 10.0 45.0 X 55248 251687 25901 MARGARET MCELLIGOTT VP & CHIEF QUALITY OFFICER 10.0 45.0 X 51342 233897 36791 MAUREEN KWIECINSKI FORMER EVP & GEN. COUNSEL 0.0 0.0 X 52992 241410 729 COLLEEN MCCARTHY chief of staff & VP Organ Don. 10.0 45.0 X 45625 207844 38262 JALEAH L HAWKINS Associate Medical Director 55.0 0.0 X 196661 0 16048 HEIDI E SEITZ Manager of Donor Recruitment 55.0 0.0 X 133780 0 28544 ROBERT ELUSKIE DIRECTOR OF INFO TECHNOLOGY 55.0 0.0 X 121454 0 28342 SUSAN L STREET Account Representative 55.0 0.0 X 119298 0 14514 JULIE A FORMSMA Account Representative 55.0 0.0 X 114485 0 13409 JAMES WILSON PRESIDENT - DECEASED 4/19 55.0 0.0 X 110672 0 10316 DALE KENT CHAIR 1.0 4.0 X X 0 0 0 L ALAN WHALEY VICE CHAIR 1.0 4.0 X X 0 0 0 JAMES M RAUH TREASURER 1.0 4.0 X X 0 0 0 MITCHELL G WATT SECRETARY 1.0 3.0 X X 0 0 0 CATHY BUCK BOARD MEMBER 1.0 3.0 X 0 0 0 FRED GEILFUSS BOARD MEMBER; LEGAL ADVISOR 1.0 3.0 X 0 0 0 DAVID GINSBURG MD BOARD MEMBER - AS OF 11/19 1.0 3.0 X 0 0 0 GAIL HANSON BOARD MEMBER - AS OF 11/19 1.0 3.0 X 0 0 0 THOMAS HAUSKE JR BOARD MEMBER 1.0 3.0 X 0 0 0 GREGORY LARKIN MD BOARD MEMBER 1.0 4.0 X 0 0 0 ROBERT H MANEGOLD BOARD MEMBER 1.0 4.0 X 0 0 0 JEFFREY S MCDONALD BOARD MEMBER 1.0 3.0 X 0 0 0 RON MILLER BOARD MEMBER - AS OF 1/19 1.0 3.0 X 0 0 0 JOHN J PERRAS BOARD MEMBER 1.0 3.0 X 0 0 0 PETER ZIEGLER BOARD MEMBER 1.0 4.0 X 0 0 0 1984599 4846936 578864 17 true true false MEDSPEED LLC 655 WEST GRANDE AVENUE ELMHURST IL 60126 DELIVERY SERVICES 1570684 INCEPT CORPORATION 4150 BELDEN VILLAGE ST NW STE 205 CANTON OH 44718 Call Center Services 199995 BLU CLEANING 7900 LOGISTIC DRIVE Suite D ZEELAND MI 49464 Cleaning Services 196163 BLOOD BANK COMPUTER SYSTEMS 1002 15TH ST SW STE 120 AUBURN WA 98001 SOFTWARE SUPPORT 173731 A-1 ASPHALT INC 4634 DIVISION AVE WAYLAND MI 49348 Contractor 154998 12 11701 306907 75144 54853 393752 BLOOD SERVICES 621500 50188750 50188750 0 MEDICAL SERVICES 621500 4921703 4921703 0 DIAGNOSTIC LABORATORIES 621500 2115761 2115761 0 57226214 422471 422471 0 0 0 0 0 62563 600 64700 -2137 600 -1537 -1537 11694 11701 15315 -3621 -3621 10385 8830 1555 1555 0 0 0 PATRONAGE DIVIDENDS 900099 15930 0 15930 INSURANCE INTEREST 900099 8650 8650 0 MISCELLANEOUS 900099 280 0 280 24860 58063694 57234864 435078 75820 75820 0 0 0 1338166 1338166 0 15827847 14524199 1303648 819070 725514 93556 2725127 2337766 387361 1148347 967351 180996 0 897 897 0 0 0 2761 2761 7640690 7521718 118972 0 26306 26306 241889 219043 22846 424177 369454 54723 0 1674143 808357 865786 1053230 951885 101345 0 25101 22262 2839 0 0 1588444 1084127 504317 156170 156170 COST OF IMPORTED PRODUCTS 11823955 11823955 0 0 MEDICAL LAB SUPPLIES 6733455 6733455 0 VERSITI SERVICES ALLOCATION 4098630 621722 3476908 EQUIPMENT LEASE/MAINTENANCE 953403 652812 300591 0 748179 712050 36129 59125807 50177796 8948011 0 3454886 0 0 0 134120 0 5120576 7428044 0 0 0 0 0 270061 1153198 782016 579133 203490 32774388 22190708 10996982 10583680 0 0 12505510 14512723 0 0 0 0 337330 90194 34281735 33870208 5106361 4153788 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 56260 5106361 4210048 X 29044116 29524759 131258 135401 29175374 29660160 34281735 33870208 X -1062113 1616752 -69853 X false true X true false X 413021 490987 402706 453226 393752 2153692 46720288 55986833 55469278 55299607 57234864 270710870 0 0 0 47133309 56477820 55871984 55752833 57628616 272864562 0 20475467 27650583 27648190 26659495 26058716 128492451 20475467 27650583 27648190 26659495 26058716 128492451 144372111 400847 232168 385525 379218 422471 1820229 0 400847 232168 385525 379218 422471 1820229 0 13936 17684 20805 20571 38289 111285 47548092 56727672 56278314 56152622 58089376 274796076 0.52538 0.52099 0.00662 0.00710 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 216 216 false PART II-B, LINE 1 LOBBYING ACTIVITIES $216 OF THE DUES PAID TO AMERICA'S BLOOD CENTERS HAS BEEN ALLOCATED TO LOBBYING. 10150 10150 10150 10150 10150 10150 10150 10150 false true true 2546071 2546071 14189711 9906390 4283321 1031423 916419 115004 14251608 11273199 2978409 755576 94701 660875 10583680 MUTUAL FUNDS 14512723 F 14512723 0 LONG TERM RETIREMENT LIABILITIES 56260 56260 X 59646377 1616752 1616752 58029625 2761 31308 34069 58063694 59161591 38545 38545 59123046 2761 2761 59125807 Part V Endowments PER THE ENDOWMENT, THE REMAINING BALANCE OF $10,150 WAS RELEASED ACCORDING TO ITS RESTRICTIONS. IN ADDITION, THE FILING ORGANIZATION IS A BENEFICIARY OF THE VERSITI BLOOD RESEARCH INSTITUTE FOUNDATIONS ("VBRIF") ENDOWMENT AS A SUPPORTED ORGANIZATION. THE VBRIF BOARD DESIGNATED ENDOWMENT FUNDS ARE DESIGNATED BY THE BOARD AS ENDOWMENT FUNDS TO ENSURE THE CONTINUING AVAILABILITY OF FUNDS FOR RESEARCH PURPOSES. THE AMOUNT OF THE VBRIF TOTAL ENDOWMENT AS OF 12/31/2019 WAS $87,979,140 AND WAS ALL BOARD RESTRICTED. PART X 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. WISCONSIN 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 2010 UNDER THE FEDERAL AND STATE STATUTE. MANAGEMENT HAS DETERMINED THAT THERE IS NO UNRELATED BUSINESS INCOME TO REPORT FOR WISCONSIN FOR 2010 THROUGH 2017, AND INCOME TAX RETURNS ARE NOT REQUIRED TO BE FILED; HOWEVER INCOME TAX RETURNS WERE FILED FOR 2018. THEREFORE, AS THE STATUTE OF LIMITATIONS WILL REMAIN OPEN FOR RETURNS NOT FILED, TAX YEARS 2010 THROUGH 2017, WILL REMAIN OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES. MANAGEMENT HAS DETERMINED THAT THE FOUNDATION WILL BE FILING INCOME TAX RETURNS FOR TAX YEARS 2016 AND 2017. 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. MICHIGAN HAS NOT HISTORICALLY FILED ANY UNRELATED BUSINESS INCOME TAX RETURNS; THEREFORE, TAX YEARS REMAIN OPEN FOR YEARS IN WHICH AN INCOME TAX RETURN HAS NOT BEEN FILED; HOWEVER INCOME TAX RETURNS WERE FILED FOR 2018 BUT ARE NOT EXPECTED TO BE FILED FOR 2019. IN YEARS PRIOR TO 2014, ILLINOIS FILED BOTH FEDERAL AND STATE OF ILLINOIS INCOME TAX RETURNS TO REPORT A ZERO AMOUNT OF UNRELATED BUSINESS INCOME. MANAGEMENT HAS DETERMINED THAT THERE IS NO UNRELATED BUSINESS INCOME TO REPORT FOR ILLINOIS FOR TAX YEARS 2014 THROUGH 2017; HOWEVER INCOME TAX RETURNS WERE FILED FOR 2018 BUT ARE NOT EXPECTED TO BE FILED FOR 2019. THEREFORE, AS THE STATUTE OF LIMITATIONS WILL REMAIN OPEN FOR RETURNS NOT FILED, TAX YEARS 2014 THROUGH 2017, WILL REMAIN OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES. IN YEARS PRIOR TO 2014, INDIANA FILED FEDERAL UNRELATED BUSINESS INCOME TAX RETURNS TO REPORT A ZERO AMOUNT OF UNRELATED BUSINESS INCOME. IN 2014 THROUGH 2016, INDIANA FILED FEDERAL AND INDIANA RETURNS TO REPORT AN UNRELATED BUSINESS LOSS. IN 2017 AND 2018, INDIANA FILED INCOME TAX RETURNS TO REPORT A ZERO AMOUNT OF UNRELATED BUSINESS INCOME IN ORDER TO MAINTAIN THE PRIOR YEAR NET OPERATING LOSS. INDIANA IS EXPECTED TO FILE INCOME TAX RETURNS FOR 2019. THE STATUTE OF LIMITATIONS WILL REMAIN OPEN FOR BOTH FEDERAL AND STATE PURPOSES FOR ANY RETURNS NOT FILED. VERSITI HAS NOT FILED ANY UNRELATED BUSINESS INCOME TAX RETURNS; THEREFORE THE YEARS SINCE 2012, THE YEAR OF INCEPTION, ARE STILL OPEN TO EXAMINATION. 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 IS FORMED AS A LIMITED LIABILITY COMPANY AND HAS ELECTED TO BE TREATED 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 RELATED PRIMARILY TO INVENTORY, PROPERTY AND EQUIPMENT, INTANGIBLE ASSETS AND ACCRUED LIABILITIES. 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 VARIOUS CERTAIN, LIMITED STATE JURISDICTIONS. 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, 2019 AND 2018. Part XI, Line 4B Other Changes to Revenue Gain on Sale of Fixed Assets Reported with Revenue $ 600 Fundraising Expenses Reported with Revenue $ (15,315) Gaming Expenses Reported with Revenue $ (8,830) Donated Gifts Reported for Tax Not Book $ 54,853 --------- TOTAL $ 31,308 Part XII, Line 2D Other Changes to EXPENSES Gain on Sale of Fixed Assets Reported with Revenue $ (600) Fundraising Expenses Reported with Revenue $ 15,315 Gaming Expenses Reported with Revenue $ 8,830 BAD DEBT RESERVE ADJUSTMENT $ 15,000 --------- TOTAL $ 38,545 GOLF OUTING 23395 11701 11694 720 8538 4340 1717 0 23395 11701 11694 720 8538 4340 1717 15315 -3621 X true true X X X X true false false false true false true true false CHRIS MISKEL CEO 114370 521016 50580 230420 220 1000 3528 16072 3970 18087 172668 786595 0 0 LEEANN WIETEKAMP VP OF MEDICAL SERVICES 344539 0 0 0 16395 0 3061 0 8113 0 372108 0 0 0 BRIAN BAUTISTA EVP & Chief Operating Officer 76462 348327 22523 102604 257 1173 3528 16072 3970 18087 106740 486263 0 0 JAMES WEIDNER EVP & CHIEF HR OFFICER 52256 238055 16972 77317 612 2788 3509 15985 3970 18087 77319 352232 0 0 GITESH DUBAL EVP & CHIEF MARKETING OFFICER 62626 285298 22641 103143 151 689 3528 16072 3970 18087 92916 423289 0 0 ANTHONY WATKINS EVP & CHIEF FINANCIAL OFFICER 70767 322383 13795 62843 775 3528 3528 16072 3773 17186 92638 422012 0 0 MARGARET MCELLIGOTT VP & CHIEF QUALITY OFFICER 42998 195882 7226 32919 1118 5096 3837 17482 2785 12687 57964 264066 0 0 LYNNE BRIGGS VP & CHIEF INFORMATION OFFICER 49716 226484 9716 44263 608 2769 4032 18368 3970 18087 68042 309971 0 0 GILBERT C WHITE MD EVP of Research - thru 6/19 0 412806 0 82238 0 5611 0 22400 0 15534 0 538589 0 0 THOMAS ABSHIRE MD EVP MSI & CHIEF MED OFFICER 0 486567 0 84012 0 6822 0 22400 0 2417 0 602218 0 0 BRADLEY PIETZ EVP & Chief Innovation Officer 49559 225767 5407 24634 282 1286 3098 14114 1564 7125 59910 272926 0 0 COLLEEN MCCARTHY chief of staff & VP Organ Don. 40505 184522 4978 22676 142 646 2917 13288 3970 18087 52512 239219 0 0 BART REUTER EVP & Gen.Counsel - as of 1/19 56777 258650 0 0 284 1292 3504 15965 3794 17282 64359 293189 0 0 JALEAH L HAWKINS Associate Medical Director 195724 0 0 0 937 0 7935 0 8113 0 212709 0 0 0 HEIDI E SEITZ Manager of Donor Recruitment 71490 0 61536 0 754 0 5829 0 22715 0 162324 0 0 0 MAUREEN KWIECINSKI FORMER EVP & GEN. COUNSEL 0 0 6106 27817 46886 213593 0 0 131 598 53123 242008 0 0 Part I, Line 1A CHARTER TRAVEL VERSITI MICHIGAN CHARTERED AN AIRPLANE FOR ALL OF ITS DIRECTORS and one of its officers, Bart Reuter, FOR THE 2019 BOARD MEETING. THE CHARTERED TRAVEL EXPENSES ARE NOT TREATED AS TAXABLE COMPENSATION. Part I, Line 4A Severance Payments AN INDIVIDUAL LEFT THE ORGANIZATION IN 2018. THE INDIVIDUAL RECEIVED SEVERANCE IN 2019, WHICH IS INCLUDED ON SCHEDULE J, PART II. DUE TO A CONFIDENTIALITY AGREEMENT, NEITHER THE NAME NOR THE AMOUNT WILL BE LISTED. 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 EARNING 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. X Fair Vouchers 1782 38413 FMV X Raffle Items 28 8730 FMV X Casino Vouchers 257 4390 FMV X Gift Cards 200 2000 FMV X Laughfest Buttons 800 800 FMV X Sporting Game Tickets 20 320 FMV X Laughfest Tickets 6 200 FMV false false false Part VI, Section A, Line 6 MEMBERS OR STOCKHOLDERS VERSITI, INC. (A 501(C)(3) ORGANIZATION) IS THE SOLE VOTING 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 VERSITI MICHIGAN 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 REVISED 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 VERSITI MICHIGAN MAINTAINS A WRITTEN CONFLICT OF INTEREST POLICY. ON AN ANNUAL BASIS, CURENT DIRECTORS AND OFFICERS ARE ASKED TO COMPLETE A DISCLOSURE FORM BASED ON IRE 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. Part VI, Section B, Lines 15a and 15B COMPENSATION PROCESS 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 VERSITI MICHIGAN. OTHER THAN THE VERSITI PRESIDENT & 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 OR VERSITI MICHIGAN 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 VERSITI MICHIGAN 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. THE COMPENSATION COMMITTEE ASSESSES THE REASONABLENESS OF EXECUTIVE COMPENSATION ARRANGEMENTS AFTER IT OBTAINS AND REVIEWS APPROPRIATE DATA FOR COMPARABILITY FROM THE HUMAN RESOURCE DEPARTMENT AND AN 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. VERSITI AND VERISITI MICHIGAN HAVE INCENTIVE PROGRAMS FOR THE CHIEF EXECUTIVE OFFICER AND OTHER CORPORATE OFFICERS DESCRIBED IN DETAILED WRITTEN POLICIES APPROVED BY THE COMPENSATION COMMITTEE ANNUALLY. EVALUATION AND COMPENSATION REVIEW -CEO - EACH YEAR, THE EXECUTIVE/COMPENSATION COMMITTEE EVALUATES THE VERSITI/VERSITI MICHIGAN 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. -OTHER CORPORATE OFFICERS - EACH YEAR, THE VERSITI/VERSITI MICHIGAN CEO REVIEWS THE PERFORMANCE AND THE ACHIEVEMENT OF INDIVIDUAL GOALS AND OBJECTIVES OF EACH VERSITI/VERSITI MICHIGAN CORPORATE OFFICER. THE VERSITI/VERSITI MICHIGAN CEO PRESENTS HIS/HER RECOMMENDATIONS TO THE COMPENSATION COMMITTEE, WHICH REVIEWS AND APPROVES RECOMMENDED COMPENSATION RANGES, AND APPROVES FINAL SALARY AND INCENTIVE PAYMENTS. CORPORATE OFFICERS ARE POSITIONED WITHIN THE APPROPRIATE SALARY RANGE BASED UPON: -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 VERSITI MICHIGAN MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. 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. Part XI, Line 9 Other Changes in Net Assets Noncash contributions not reported on books ($54,853) BAD DEBT RESERVE ADJUSTMENT ($15,000) --------- TOTAL ($69,853) FORM 990 PART IX LINE 11G DESCRIPTION:DONOR TESTING TOTAL FEES:5284705 FORM 990 PART IX LINE 11G DESCRIPTION:PURCHASED SERVICES TOTAL FEES:1884269 FORM 990 PART IX LINE 11G DESCRIPTION:CUSTOMER TESTING TOTAL FEES:152095 FORM 990 PART IX LINE 11G DESCRIPTION:SHIPPING & TRANSPORTATION TOTAL FEES:99806 FORM 990 PART IX LINE 11G DESCRIPTION:SHIPPING SUPPLIES TOTAL FEES:66249 FORM 990 PART IX LINE 11G DESCRIPTION:LICENSES, PERMITS, & HOSP FEES TOTAL FEES:43622 FORM 990 PART IX LINE 11G DESCRIPTION:US POSTAL SERVICE TOTAL FEES:26416 FORM 990 PART IX LINE 11G DESCRIPTION:OUTSIDE LAB SERVICE TOTAL FEES:25045 FORM 990 PART IX LINE 11G DESCRIPTION:RECORD STORAGE TOTAL FEES:14577 FORM 990 PART IX LINE 11G DESCRIPTION:OTHER PURCHASE SERV AFFILIATES TOTAL FEES:12785 FORM 990 PART IX LINE 11G DESCRIPTION:MEDICAL REPORTS TOTAL FEES:9515 FORM 990 PART IX LINE 11G DESCRIPTION:CONSULTING SERVICES TOTAL FEES:8858 FORM 990 PART IX LINE 11G DESCRIPTION:EDUCATION TOTAL FEES:6781 FORM 990 PART IX LINE 11G DESCRIPTION:NN-MARKETING PRINTING COSTS TOTAL FEES:5061 FORM 990 PART IX LINE 11G DESCRIPTION:BANK ACCOUNT FEES TOTAL FEES:588 FORM 990 PART IX LINE 11G DESCRIPTION:PUBLICATION SERVICES TOTAL FEES:260 FORM 990 PART IX LINE 11G DESCRIPTION:OUTSIDE CORE LAB CHARGES TOTAL FEES:120 FORM 990 PART IX LINE 11G DESCRIPTION:LAB TOTAL FEES:54 FORM 990 PART IX LINE 11G DESCRIPTION:LAUNDRY COSTS TOTAL FEES:-116 VERSITI WISCONSIN INC PO Box 2178 638 N 18TH ST MILWAUKEE WI 53201 390807235 BLOOD WI 501(C)(3) 07 VERSITI false VERSITI RESEARCH INSTITUTE FNDN PO Box 2178 638 N 18TH ST MILWAUKEE WI 53201 391372542 SUPPORTING WI 501(C)(3) 12B VERSITI false VERSITI INC PO Box 2178 638 N 18TH ST MILWAUKEE WI 53201 454675354 SUPPORTING WI 501(C)(3) 12B NA false VERSITI ILLINOIS INC 1200 N HIGHLAND AVE AURORA IL 60506 362179768 BLOOD IL 501(C)(3) 10 VERSITI false VERSITI INDIANA INC 3450 N MERIDIAN ST INDIANAPOLIS IN 46208 350991629 BLOOD IN 501(C)(3) 10 VERSITI false false false false false false false false false false false false true true false true true true true true