2025-11-11T13:43:50-06:00 2024-12-31 991856619 GRANT THORNTON ADVISORS LLC 53 STATE STREET SUITE 1600 BOSTON MA 02109 990 2024-01-01 454675354 VERSITI INC VERS 4149335000 PO BOX 2178 MILWAUKEE WI 532012178 CHRIS MISKEL PRESIDENT & CEO 4149335000 2025-11-11 1 1 ERIN COUTURE P01390592 6177237900 2024 2025-03-06 01:10:19Z CHRIS MISKEL PO BOX 2178 MILWAUKEE WI 532012178 33965576 0 X WWW.VERSITI.ORG X 2012 WI (SEE SCHEDULE O) 18 17 11 17 0 0 0 0 30214182 32698909 507735 823354 91534 243909 30813451 33766172 28750 132500 0 0 0 0 0 0 0 31222662 33914926 31251412 34047426 -437961 -281254 35556690 112462728 35206690 112112728 350000 350000 X 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 132500 132500 32698909 VERSITI, INC. SERVES AS THE PARENT ORGANIZATION COORDINATING BLOOD SERVICES, MEDICAL CARE, AND RESEARCH ACTIVITIES ACROSS A FIVE-STATE REGION TO ADVANCE PUBLIC HEALTH AND SAVE LIVES THROUGH COMPREHENSIVE BLOOD SCIENCE PROGRAMS. ROOTED IN ITS NONPROFIT MISSION, VERSITI PROVIDES STRATEGIC OVERSIGHT AND OPERATIONAL COORDINATION FOR BLOOD COLLECTION, DIAGNOSTIC TESTING, ORGAN PROCUREMENT, RESEARCH, AND SPECIALIZED MEDICAL SERVICES THROUGHOUT WISCONSIN, ILLINOIS, INDIANA, MICHIGAN, AND OHIO. VERSITI, INC. PROVIDES ESSENTIAL INFRASTRUCTURE INCLUDING INFORMATION TECHNOLOGY SYSTEMS, QUALITY ASSURANCE PROGRAMS, AND REGULATORY COMPLIANCE OVERSIGHT THAT ENABLE EFFICIENT OPERATIONS ACROSS ALL STATES AND SERVICE LINES. THE ORGANIZATION'S COMMITMENT TO ADVANCING BLOOD SCIENCE INCLUDES SUPPORT FOR (CONTINUED IN SCHEDULE O) RESEARCH INITIATIVES, CLINICAL TRIALS, AND EDUCATIONAL PROGRAMS THAT STRENGTHEN TRANSFUSION MEDICINE AND HEMATOLOGY. THROUGH INTEGRATED LEADERSHIP AND COORDINATED SERVICE DELIVERY, VERSITI, INC. STRENGTHENS REGIONAL BLOOD SUPPLY INFRASTRUCTURE WHILE ADVANCING MEDICAL CARE AND SCIENTIFIC DISCOVERY TO BENEFIT PATIENTS THROUGHOUT THE MIDWEST. 132500 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 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 311 0 1 11 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X DAWN HENSE 4149335000 638 N 18TH ST MILWAUKEE WI 53233 X CHRIS MISKEL PRESIDENT & CEO 1.00 54.00 X X 0 1622596 57669 FRED GEILFUSS CHAIR 1.00 5.00 X X 0 0 0 L ALAN WHALEY VICE CHAIR 1.00 4.00 X X 0 0 0 COREEN DICUS-JOHNSON JD SECRETARY 1.00 4.00 X X 0 0 0 RON MILLER TREASURER 1.00 4.00 X X 0 0 0 NICHOLAS BAUER BOARD MEMBER 1.00 4.00 X 0 0 0 DAVID GINSBURG MD BOARD MEMBER 1.00 4.00 X 0 0 0 CECELIA GORE BOARD MEMBER 1.00 4.00 X 0 0 0 GAIL HANSON BOARD MEMBER 1.00 4.00 X 0 0 0 THOMAS HAUSKE JR BOARD MEMBER 1.00 4.00 X 0 0 0 SHERRY HUSA BOARD MEMBER 1.00 4.00 X 0 0 0 DALE KENT 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 MAGGEY OPLINGER BOARD MEMBER 1.00 4.00 X 0 0 0 JOHN PERRAS BOARD MEMBER 1.00 4.00 X 0 0 0 KATHY THORNTON-BIAS BOARD MEMBER - THRU 6/24 1.00 4.00 X 0 0 0 GREG WESLEY BOARD MEMBER 1.00 4.00 X 0 0 0 PETER ZIEGLER BOARD MEMBER 1.00 4.00 X 0 0 0 BRIAN BAUTISTA EVP & CHIEF OPERATING OFFICER 1.00 54.00 X 0 812765 53592 GITESH DUBAL EVP & CHIEF MKTG. OFF. - THRU 4/24 1.00 54.00 X 0 407060 23781 ANTHONY WATKINS EVP&CFO-THRU 3/24;BUS DEV-AS OF 3/24 1.00 54.00 X 0 748711 29876 JAMES WEIDNER EVP & CHIEF HR OFFICER 1.00 54.00 X 0 571602 56792 LYNNE BRIGGS VP & CHIEF INFORMATION OFFICER 1.00 54.00 X 0 481866 52622 BART REUTER EVP & GENERAL COUNSEL 1.00 54.00 X 0 861600 66046 BRADLEY PIETZ EVP & CHIEF LABORATORY OFFICER 1.00 54.00 X 0 600915 65430 JESSICA DROUILLARD VP & CHIEF QUALITY OFFICER 1.00 54.00 X 0 276037 18905 MICHAEL DEININGER MD EVP & CHIEF SCIENTIFIC OFFICER 1.00 54.00 X 0 670610 39231 BARBARA BRYANT EVP & CHIEF MED. OFF. - THRU 8/24 1.00 54.00 X 0 447822 25848 GRETCHEN JAMESON EVP & CHIEF MKTG. OFF. - AS OF 4/24 1.00 54.00 X 0 220415 15013 DEREK TYUS EVP & CHIEF FINANCIAL OFF. - AS 3/24 1.00 54.00 X 0 452304 48353 MATTHEW ANDERSON MD EVP & CHIEF MED. OFF. - AS OF 7/24 1.00 54.00 X 0 471868 65850 0 8646171 619008 0 0 1 0 CERIDIAN PO BOX 772830 CHICAGO IL 60677 SOFTWARE SUPPORT 938546 ORACLE AMERICA INC PO BOX 203448 DALLAS TX 75320 SOFTWARE SUPPORT 655054 FOLEY & LARDNER LLP 777 E WISCONSIN AVE MILWAUKEE WI 53202 LEGAL SERVICES 596281 COR WELLNESS INC PO BOX 286 SUSSEX WI 53089 EMPLOYEE WELLNESS 427055 HIRERIGHT LLC PO BOX 847891 DALLAS TX 75284 EMPLOYMENT SERVICES 423005 20 AFFILIATE FEES 561000 32698909 32698909 32698909 749602 749602 257133 16023 199404 0 57729 16023 73752 73752 CREDIT CARD REBATES 900099 243892 243892 INSURANCE INTEREST 900099 17 17 243909 33766172 32698909 0 1067263 132500 132500 219165 219165 560002 560002 125970 125970 79355 79355 1672430 1672430 1393797 1393797 30786 30786 3149699 3149699 229383 229383 382103 382103 141786 141786 4960 4960 527293 527293 2451878 2451878 SALARIES FOR REL ORGS 16466270 16466270 DONOR COST 3370810 3370810 VERSITI SERVICES ALLOC 1253138 1253138 EMPLOYMENT 1251146 1251146 604955 604955 34047426 132500 33914926 0 19137819 32347036 0 0 0 0 8561238 15867744 0 0 0 0 1139095 1165505 0 0 1523386 2906207 5630009 2657726 1290584 2972283 3116147 56415532 0 0 350000 350000 0 0 438421 438421 35556690 112462728 32107713 46547608 0 0 0 0 0 60632368 0 0 0 0 0 0 0 0 3098977 4932752 35206690 112112728 X 350000 350000 350000 350000 35556690 112462728 -281254 281254 0 X 0 1 X 1 0 X X X 4 VERSITI WISCONSIN INC 390807235 7 1 0 14387520 VERSITI ILLINOIS INC 362179768 10 0 0 5558816 VERSITI MICHIGAN INC 381550001 10 0 0 6540039 VERSITI INDIANA INC 350991629 10 0 0 6212535 4 0 32698910 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 PART I, LINE 12G: 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 12G 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. 0 1 0 0 0 0 0 0 1 156543 156543 0 PART II-B, LINE 1: OTHER ACTIVITIES $956 OF THE DUES PAID TO AMERICA'S BLOOD CENTERS AND $125,014 OF LEGAL EXPENSES PAID WERE ALLOCATED TO LOBBYING ACTIVITIES. ADDITIONALLY, $30,573 OF GENERAL COUNSEL'S COMPENSATION WAS ALLOCATED TO LOBBYING ACTIVITIES. THE LOBBYING EXPENSES PAID ARE FOR THE BENEFIT OF ITS SUPPORTED ORGANIZATIONS. 49650 2483 47167 3824226 2630930 1193296 1756133 24313 1731820 2972283 ADDITIONAL INCENTIVES 2137649 LEASE LIABILITY 1463738 LONG TERM RETIREMENT LIABILITIES 1331365 4932752 X 33952048 281254 281254 33670794 79355 16023 95378 33766172 33952048 -16023 -16023 33968071 79355 79355 34047426 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. THE ORGANIZATION RECOGNIZES, IF NECESSARY, INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN THE PROVISION FOR INCOME TAXES. THERE WERE NO MATERIAL INTEREST OR PENALTIES RELATED TO INCOME TAXES THAT HAVE BEEN ACCRUED OR RECOGNIZED AS OF AND FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023. PART XI, LINE 4B - OTHER ADJUSTMENTS: GAIN ON DISPOSITION OF FIXED ASSETS 16,023. PART XII, LINE 2D - OTHER ADJUSTMENTS: GAIN ON DISPOSITION OF FIXED ASSETS -16,023. 1 SCHOLARSHIPS 27 132500 PART I, LINE 2: PROCEDURE FOR MONITORING USE OF GRANT FUNDS INSIDE U.S. VERSITI 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 X 1 1 X X X X X 0 0 0 0 1 0 1 1 0 CHRIS MISKEL PRESIDENT & CEO 0 797098 0 800704 0 24794 0 24151 0 33518 0 1680265 0 0 BART REUTER EVP & GENERAL COUNSEL 0 430545 0 405410 0 25645 0 24151 0 41895 0 927646 0 0 BRIAN BAUTISTA EVP & CHIEF OPERATING OFFICER 0 465757 0 325136 0 21872 0 18366 0 35226 0 866357 0 0 ANTHONY WATKINS EVP&CFO-THRU 3/24;BUS DEV-AS OF 3/24 0 327282 0 354500 0 66929 0 24151 0 5725 0 778587 0 0 MICHAEL DEININGER MD EVP & CHIEF SCIENTIFIC OFFICER 0 523564 0 118100 0 28946 0 15884 0 23347 0 709841 0 0 BRADLEY PIETZ EVP & CHIEF LABORATORY OFFICER 0 307410 0 267730 0 25775 0 23951 0 41479 0 666345 0 0 JAMES WEIDNER EVP & CHIEF HR OFFICER 0 318635 0 227627 0 25340 0 24151 0 32641 0 628394 0 0 MATTHEW ANDERSON MD EVP & CHIEF MED. 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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. A WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 391337855 NONEAVAIL 2024-08-22 61755385 VERSITI BLOOD RESEARCH INSTITUTE FACILITY 0 0 0 A 61755385 372100 8471448 52911837 0 0 0 1 A 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 PART II, LINE 3 TOTAL PROCEEDS OF ISSUE INCLUDES INVESTMENT EARNINGS OF $755,383. FORM 990, PART I, LINE 1 VERSITI SUPPORTS CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES OF ITS AFFILIATES AND OTHER SIMILAR ENTITIES ENGAGED IN BLOOD TRANSFUSION, SERVICES AND RESEARCH. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW VERSITI, INC. UTILIZES GRANT THORNTON TO COMPLETE THE IRS FORM 990 AND RELATED SCHEDULES. FOLLOWING COMPLETION, THEY ARE REVIEWED BY THE ORGANIZATION'S MANAGEMENT. THE DRAFT FORMS ARE THEN REVIEWED BY THE AUDIT AND COMPLIANCE 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 11 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 EXECUTIVE 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 EXECUTIVE COMMITTEE DOES NOT INCLUDE MEMBERS OF MANAGEMENT. TO ENSURE THAT THE COMMITTEE IS COMPRISED 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 EXECUTIVE 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 EXECUTIVE COMMITTEE ANNUALLY IN ACCORDANCE WITH THE VERSITI REASONABLENESS REVIEW POLICY. IN ORDER TO ASSESS THE REASONABLENESS OF EXECUTIVE COMPENSATION ARRANGEMENTS, THE EXECUTIVE COMMITTEE OBTAINS AND REVIEWS APPROPRIATE COMPARABILITY DATA COLLECTED BY THE HUMAN RESOURCE DEPARTMENT AND/OR A QUALIFIED INDEPENDENT COMPENSATION CONSULTANT. THE EXECUTIVE 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 EXECUTIVE COMMITTEE'S REVIEW, RECOMMENDATIONS AND APPROVALS ARE DOCUMENTED CONCURRENTLY IN THE COMMITTEE MINUTES, WHICH ARE SUBSEQUENTLY REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE AS REASONABLE, ACCURATE AND COMPLETE. THE COMMITTEE CHAIR VERBALLY COMMUNICATES TO THE VERSITI BOARD OF DIRECTORS A CONFIRMATION OF COMPENSATION REASONABLENESS AND THE OVERALL DUE DILIGENCE PROCESS. VERSITI HAS AN INCENTIVE PROGRAM FOR EXECUTIVES, DIRECTORS, MANAGEMENT, INVESTIGATORS AND STAFF DESCRIBED IN DETAILED WRITTEN POLICIES APPROVED BY THE EXECUTIVE COMMITTEE ANNUALLY. EVALUATION AND COMPENSATION REVIEW -CEO - EACH YEAR, THE EXECUTIVE 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 - THE BOARD OF DIRECTORS HAS DELAGATED TO THE VERSITI CEO THE PERFORMANCE ASSESSMENT AND COMPENSATION DECISIONS FOR HIS/HER TEAM AND LEADERS ELIGIBLE FOR THE VERSITI LEADERSHIP INCENTIVE PLAN. DURING THE MAY MEETING, THE EXECUTIVE COMMITTEE REVIEWS THE INCENTIVES (SHORT AND LONG-TERM) PAYOUTS AND MERIT INCREASES ASSIGNED TO THE EXECUTIVE TEAM AS PART OF THE ANNUAL COMPENSATION REASONABILITY REVIEW CONDUCTED BY AON CONSULTANTS. THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES THE SALARY INCREASES AND INCENTIVE PAYOUTS OF THE CEO BEFORE PAYMENT. 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-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 CENETRON DIAGNOSTICS LLC 2111 W BRAKER LANE SUITE 300 AUSTIN TX 78758 742760677 LABS & TRIALS TX N/A C 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0 VERSITI WISCONSIN INC L 14387520 FMV VERSITI ILLINOIS INC L 5558816 FMV VERSITI MICHIGAN INC L 6540039 FMV VERSITI INDIANA INC L 6212535 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.