2020-11-12T12:32:51-06:00 2019-12-31 Grant Thornton LLP 100 E WISCONSIN AVE MILWAUKEE WI 53202 990 2019-01-01 362179768 Versiti Illinois Inc % JOANNA MCCOY VERS 6308927055 1200 N Highland Avenue Aurora IL 60506 CHRIS MISKEL CEO 6308927055 2020-11-12 true MICHELLE L WEBER P00556798 4142898200 65.26.236.111 39529020203175000006 2020-11-12 P 9B78095357A78499D8286BCD82111F39E51840A5 6098D55FF0E7CCF9C3E403A7CE8C578524A243B8 2019 2021-01-29 14:40:06Z Chris Miskel 638 N 18th Street Milwaukee WI 532332121 51238955 false X www.versiti.org X 1943 IL TO SERVE HOSPITALS BY RECRUITING VOLUNTEER DONORS, COLLECTING, PROCESSING, TESTING, AND DISTRIBUTING BLOOD AND BLOOD COMPONENTS. 16 15 454 15 0 0 6653 3637 51111157 49736838 1024270 1083706 134680 283773 52276760 51107954 81522 117094 0 0 21608495 19536498 0 0 0 30015693 31676281 51705710 51329873 571050 -221919 51988055 55435935 5256724 4943290 46731331 50492645 X WE ARE BLOOD HEALTH INNOVATORS WHO ENHANCE LIVES THRU DISCOVERY, DIAGNOSIS, AND TREATMENT. OUR MISSION IS TO PROVIDE AND MAINTAIN AN ADEQUATE SUPPLY OF BLOOD AND BLOOD PRODUCTS FOR AREA HOSPITALS TO DRAW UPON IN ORDER TO MEET THE ANTICIPATED AND ACTUAL NEEDS OF PATIENTS. false false 43196965 117094 50002930 COLLECT, TEST, PROCESS AND DISTRIBUTE BLOOD AND BLOOD COMPONENTS TO OVER 67 AREA HOSPITALS. VERSITI ILLINOIS WORKS TOWARD COLLECTING 141,000 UNITS OF BLOOD AND DISTRIBUTING 206,000 BLOOD COMPONENTS ANNUALLY. 43196965 true false false true false false false false false true true true false false true true false true false false false false false false false false false false true true false false false false false false false false false false false false false true false false false true 0 0 true 454 true false false false false false false 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 IL X JOANNA MCCOY 6308013147 1200 N HIGHLAND AVE 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 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 ANN LIETZ Exec Dir Business Development 55.0 0.0 X 260422 0 23639 DANA KNIGHT DIRECTOR OF QUALITY ASSURANCE 55.0 0.0 X 148246 0 14865 JOANNA MCCOY CONTROLLER 55.0 0.0 X 145971 0 17070 SHELLEY M WHITSEY-MIT Regional Mgr Donor Recruitment 55.0 0.0 X 111830 0 20167 JESSICA S DROUILLARD Director, IR Lab Operations 55.0 0.0 X 113606 0 9196 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 MITCHELL G WATT SECRETARY 1.0 3.0 X X 0 0 0 JAMES M RAUH TREASURER 1.0 4.0 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 PERRAS BOARD MEMBER 1.0 3.0 X 0 0 0 PETER ZIEGLER BOARD MEMBER 1.0 4.0 X 0 0 0 1607390 4846936 541454 11 true true false MedSpeed LLC 655 West Grand Avenue ELMHURST IL 60126 Delivery Services 2271029 LAMKA ENTERPRISES INC 8700 CRYSTAL SPRINGS RD WOODSTOCK IL 60098 Contractor 230394 Reef Services of Illinois 2020 N California Avenue Suite 7-2 CHICAGO IL 60647 contractor 201585 Hematerra Technologies 135 2nd Avenue North JACKSONVILLE FL 32250 software support 177674 Incept 4150 BELDEN VILLAGE ST NW STE 205 CANTON OH 44718 call center services 162385 14 3637 3637 BLOOD SERVICES 621500 46859933 46859933 0 0 DIAGNOSTIC LABORATORIES 621500 2876905 2876905 0 0 49736838 1075932 1075932 0 0 0 0 0 133973 126199 7774 7774 7774 0 0 0 0 0 0 43601 4802 38799 38799 EARNED DISCOUNTS 621500 198687 198687 RISK RETENTION REFUND 621500 28606 28606 PATRONAGE DIVIDENDS 900099 14681 0 0 14681 3000 0 3000 244974 51107954 50002930 0 1101387 51976 51976 65118 65118 0 0 845070 845070 0 14454797 13229467 1225330 740318 673667 66651 2462542 2170705 291837 1033771 898223 135548 0 13467 4000 9467 0 0 0 6964 6964 8206786 8084007 122779 0 134110 34110 100000 224153 207475 16678 507427 384107 123320 0 1848672 1097958 750714 555589 481883 73706 0 10321 8869 1452 0 0 1175919 647573 528346 131044 131044 COST OF IMPORTED PRODUCTS 10290951 10290951 0 0 VERSITI SERVICES ALLOCATION 4098630 621722 3476908 MEDICAL LAB SUPPLIES 3060838 3060838 0 0 DONOR COST 757802 757802 653608 426514 227094 51329873 43196965 8132908 0 1000 0 4828478 0 0 0 5975704 9500162 0 0 0 0 416043 436269 1879174 2000841 590460 139272 28273505 21564222 6769346 6709283 31321110 0 0 36441268 0 0 0 0 206740 208840 51988055 55435935 5106142 4789478 0 0 0 0 0 0 0 0 0 0 0 0 0 0 150582 153812 5256724 4943290 X 46731331 50492645 0 0 46731331 50492645 51988055 55435935 X -221919 4004170 -20937 X false true X true false X 1060 1527 2590 6653 3637 15467 49573861 51410124 53103939 51247872 50007732 255343528 0 0 0 49574921 51411651 53106529 51254525 50011369 255358995 0 0 0 0 0 0 5636817 4418127 4016266 5335972 5006469 24413651 5636817 4418127 4016266 5335972 5006469 24413651 230945344 346203 466528 761450 937136 1075932 3587249 0 346203 466528 761450 937136 1075932 3587249 0 364 3693 384 421 17681 22543 49921488 51881872 53868363 52192082 51104982 258968787 0.89179 0.88101 0.01385 0.01125 X 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. 77632272 2512261 14163049 4314900 89992682 86045725 301738 -4472887 4242304 77632272 76439806 2294914 11411375 4100370 86045725 72401518 793676 7045041 3800429 76439806 0.97760 0.02240 false true true 425219 425219 14588125 10565683 4022442 285186 33272 251914 10459091 8967210 1491881 2515884 1998057 517827 6709283 MUTUAL FUNDS 36441268 F 36441268 0 LONG TERM RETIRMENT LIABILITIES 153812 153812 X 54882669 4004170 4802 4008972 50873697 6964 227293 234257 51107954 51121355 25739 25739 51095616 6964 227293 234257 51329873 PART V ENDOWMENTS THE FILING ORGANIZATION IS A BENEFICIARY OF THE VERSITI BLOOD RESEARCH INSTITUTE FOUNDATION'S ("VBRIF") ENDOWMENT AS A SUPPORTED ORGANIZATION. THE BOARD DESIGNATED ENDOWMENT FUNDS ARE DESIGNATED BY THE BOARD AS ENDOWMENT FUNDS TO ENSURE THE CONTINUING AVAILABILITY OF FUNDS FOR RESEARCH PURPOSES. 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 2D OTHER ADJUSTMENTS TO REVENUE COST OF GOODS SOLD 4,802 PART XI, LINE 4B OTHER ADJUSTMENTS TO REVENUE EARNED DISCOUNTS 198,687 RISK RETENTION REFUND 28,606 -------- TOTAL 227,293 PART XII, LINE 2D OTHER ADJUSTMENTS TO EXPENSES COST OF GOODS SOLD 4,802 BAD DEBT RESERVE ADJUSTMENT 20,937 -------- TOTAL 25,739 PART XII, LINE 4B OTHER ADJUSTMENTS TO EXPENSES EARNED DISCOUNTS 198,687 RISK RETENTION REFUND 28,606 -------- TOTAL 227,293 true SCHOLARSHIPS 12 65118 PART I, LINE 2 PROCEDURE FOR MONITORING USE OF GRANT FUNDS INSIDE U.S. From time to time, VERSITI ILLINOIS PROVIDES GRANT ASSISTANCE TO VERSITI WISCONSIN, INC. AND OTHER 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 THE LEADERSHIP OF VERSITI. ADDITIONALLY, THE FOLLOWING ORGANIZATION OFFERS SCHOLARSHIPS TO EMPLOYEES AND COMMUNITY MEMBERS IF CERTAIN CRITERIA ARE MET. THE SCHOLARSHIPS ARE SENT TO THE COLLEGE OR UNIVERSITY WHERE THE STUDENT IS ENROLLED. 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 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 LYNNE BRIGGS VP & CHIEF INFORMATION OFFICER 49716 226484 9716 44263 608 2769 4032 18368 3970 18087 68042 309971 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 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 DANA KNIGHT DIRECTOR OF QUALITY ASSURANCE 138480 0 8612 0 1154 0 7299 0 7566 0 163111 0 0 0 JOANNA MCCOY CONTROLLER 130365 0 14095 0 1511 0 9507 0 7563 0 163041 0 0 0 MAUREEN KWIECINSKI FORMER EVP & GEN. COUNSEL 0 0 6106 27817 46886 213593 0 0 131 598 53123 242008 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 ANN LIETZ Exec Dir Business Development 257551 0 0 0 2871 0 15565 0 8074 0 284061 0 0 0 Part I, Line 1A CHARTER TRAVEL VERSITI ILLINOIS 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 PAYMENT 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 DETRMINED; 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. PART VI, SECTION A, LINE 6 MEMBERS OR STOCKHOLDERS VERSITI, INC. (A 501(C)(3) ORGANIZATION) 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 11 FORM 990 REVIEW VERSITI ILLINOIS 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. PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY VERSITI ILLINOIS 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. 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 ILLINOIS. 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 ILLINOIS 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 ILLINOIS 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 VERSITI ILLINOIS 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 ILLINOIS 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 ILLINOIS CEO REVIEWS THE PERFORMANCE AND THE ACHIEVEMENT OF INDIVIDUAL GOALS AND OBJECTIVES OF EACH VERSITI/VERSITI ILLINOIS CORPORATE OFFICER. THE VERSITI/VERSITI ILLINOIS 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 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST 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. PART XI, LINE 9 OTHER CHANGES IN NET ASSETS BAD DEBT RESERVE ADJUSTMENT (20,937) FORM 990 PART IX LINE 11G DESCRIPTION:DONOR TESTING TOTAL FEES:4924279 FORM 990 PART IX LINE 11G DESCRIPTION:PURCHASED SERVICES TOTAL FEES:2652691 FORM 990 PART IX LINE 11G DESCRIPTION:CUSTOMER TESTING TOTAL FEES:222075 FORM 990 PART IX LINE 11G DESCRIPTION:TEMPORARY HELP TOTAL FEES:146692 FORM 990 PART IX LINE 11G DESCRIPTION:SHIPPING & TRANSPORTATION TOTAL FEES:157932 FORM 990 PART IX LINE 11G DESCRIPTION:RECORD STORAGE TOTAL FEES:24318 FORM 990 PART IX LINE 11G DESCRIPTION:CONSULTING SERVICES TOTAL FEES:23372 FORM 990 PART IX LINE 11G DESCRIPTION:LICENSES, PERMITS, & HOSP FEES TOTAL FEES:18391 FORM 990 PART IX LINE 11G DESCRIPTION:CREDIT CARD FEES TOTAL FEES:16751 FORM 990 PART IX LINE 11G DESCRIPTION:OUTSIDE LAB SERVICE TOTAL FEES:10020 FORM 990 PART IX LINE 11G DESCRIPTION:EDUCATION TOTAL FEES:4531 FORM 990 PART IX LINE 11G DESCRIPTION:NN-MARKETING PRINTING COSTS TOTAL FEES:4130 FORM 990 PART IX LINE 11G DESCRIPTION:MEDICAL REPORTS TOTAL FEES:798 FORM 990 PART IX LINE 11G DESCRIPTION:BANK ACCOUNT FEES TOTAL FEES:714 FORM 990 PART IX LINE 11G DESCRIPTION:PUBLICATION SERVICES TOTAL FEES:92 VERSITI INC PO BOX 2178 638 N 18TH ST MILWAUKEE WI 53201 454675354 SUPPORTING WI 501(c)(3) 12B NA false VERSITI WISCONSIN INC PO BOX 2178 638 N 18TH ST MILWAUKEE WI 53201 390807235 BLOOD WI 501(c)(3) 07 VERSITI false VERSITI MICHIGAN INC PO BOX 1704 GRAND RAPIDS MI 49501 381550001 BLOOD MI 501(c)(3) 10 VERSITI false VERSITI BLOOD RESEARCH INSTITUTE FNDN PO BOX 2178 638 NORTH 18TH MILWAUKEE WI 53201 391372542 SUPPORTING WI 501(c)(3) 12B 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