2014-11-14T17:54:37-06:00 2014-06-30 910189318 MOSS ADAMS LLP 999 THIRD AVENUE SUITE 2800 SEATTLE WA 98104 990 2013-07-01 911019655 PUGET SOUND BLOOD CENTER AND PROGRAM PUGE 2062926500 921 TERRY AVENUE SEATTLE WA 981041256 ROBERT GLEASON CHIEF FINANCIAL OFFICER 2062926500 2014-11-10 1 WENDY CAMPOS P00448102 2063026500 2013 2015-11-30 17:44:51Z DR JAMES AUBUCHON 921 TERRY AVENUE SEATTLE WA 981041256 172030477 0 X WWW.PSBC.ORG X 1944 WA SAVING LIVES THROUGH RESEARCH, INNOVATION, EDUCATION AND EXCELLENCE IN BLOOD, MEDICAL AND LABORATORY SERVICES IN PARTNERSHIP WITH OUR COMMUNITY. 16 15 997 1825 0 0 1609433 1259917 147588876 159648812 2249485 1302786 713464 713493 152161258 162925008 322557 480806 0 0 64312361 63352071 0 0 797219 90409892 97688863 155044810 161521740 -2883552 1403268 129109846 132304821 54367061 53495276 74742785 78809545 SAVING LIVES THROUGH RESEARCH, INNOVATION, EDUCATION AND EXCELLENCE IN BLOOD, MEDICAL AND LABORATORY SERVICES IN PARTNERSHIP WITH OUR COMMUNITY. 0 0 132321184 69868 145883379 RECRUITS DONORS, COLLECTS, TESTS, PROCESSES AND FRACTIONATES WHOLE BLOOD AND COMPONENTS INTO TRANSFUSION READY PRODUCTS (WHOLE BLOOD, RED BLOOD CELLS, PLATELETS, PLASMA AND CRYOPRECIPITATE) FOR USE IN NEARLY 90 HOSPITALS IN THE PACIFIC NORTHWEST (WESTERN WASHINGTON AND OREGON). 12458511 410937 7680273 RESEARCH INSTITUTE COMPRISES 70 SCIENTISTS AND INVESTIGATIVE TEAMS ENGAGED IN CLINICAL AS WELL AS BASIC RESEARCH INTO BLOOD BIOLOGY, TRANSFUSION MEDICINE, BLOOD STORAGE, BLOOD DISORDERS (HEMOPHILIA) AND DISEASE (SICKLE CELL), THROMBOSIS DIAGNOSIS AND PREVENTION, CANCER TREATMENT AND ORGAN TRANSPLANTATION. THE FOCUS IS ON TRANSLATING SCIENTIFIC BREAKTHROUGHS FROM "BENCH TO BEDSIDE" TO IMPROVE PATIENT CARE. 144779695 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 1 1 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 104 0 1 997 1 0 0 0 0 0 1 1 0 0 0 0 X 16 15 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 0 WA X ROBERT GLEASON 2066896680 921 TERRY AVENUE SEATTLE WA 981041256 NANCY SCLATER BOARD CHAIR 1.00 X X 0 0 0 DR MEREDITH MATHEWS BOARD VICE CHAIR 1.00 X X 0 0 0 A KENT FISHER BOARD TRUSTEE 1.00 X 0 0 0 DAVID H KOSLOFF BOARD TRUSTEE 1.00 X 0 0 0 ERIC MENDELSOHN BOARD TRUSTEE 1.00 X 0 0 0 JANE A GROSS PHD BOARD TRUSTEE 1.00 X 0 0 0 KATERIE CHAPMAN BOARD TRUSTEE 1.00 X 0 0 0 MOHIT KATHURIA BOARD TRUSTEE 1.00 X 0 0 0 PENELOPE J LIE BOARD TRUSTEE 1.00 X 0 0 0 STEVE NICHOLES BOARD TRUSTEE 1.00 X 0 0 0 DR WILLIAM HAMMOND BOARD TRUSTEE 1.00 X 0 0 0 DEBORAH MILTER BOARD TRUSTEE 1.00 X 0 0 0 MARK QUEHRN BOARD TRUSTEE 1.00 X 0 0 0 ROBERT WALLACE BOARD TRUSTEE 1.00 X 0 0 0 GLENN WISEGARVER BOARD TRUSTEE 1.00 X 0 0 0 DR VICTOR COLLYMORE BOARD TRUSTEE 1.00 X 0 0 0 DR CONRAD LILES BOARD TRUSTEE 1.00 X 0 0 0 DR JAMES P AUBUCHON PRESIDENT/CEO 40.00 X X 862117 0 131942 ROBERT GLEASON TREASURER/CFO 40.00 X 211713 0 43437 ALEXA ZEPEDA SECRETARY 40.00 X 78063 0 17551 DAVID C FENNELL CHIEF OPERATING OFFICER 40.00 X 336104 0 17064 DR JOSE A LOPEZ CHIEF SCIENTIFIC OFFICER 40.00 X 305734 0 31052 JAMES G GORE CHIEF OPERATING OFFICER, RESEARCH 40.00 X 250568 0 23502 DR NEIL C JOSEPHSON PROGRAM DIRECTOR, HEMOPHILIA 40.00 X 204240 0 35642 SALLY J SULLIVAN CHIEF OF EMPLOYEE & COMM. RELATIONS 40.00 X 189595 0 28106 SANDRA E LINAUTS VICE PRESIDENT, BLOOD SERVICES 40.00 X 193248 0 30688 DR THERESA A NESTER MEDICAL DIRECTOR 40.00 X 244328 0 39307 KARYN L DENTON DIRECTOR, CLINICAL SERVICES 40.00 X 157714 0 27943 LINDA S BARNES CHIEF QUALITY OFFICER 40.00 X 177688 0 15623 DR YANYUN WU CHIEF MEDICAL OFFICER 40.00 X 158842 0 2756 DR BARBARA A KONKLE FULL MEMBER, CLINICAL RESEARCH 40.00 X 280387 0 23082 DR SHERRILL J SLICHTER DIRECTOR, PLATELET TRANSFUSION 40.00 X 292286 0 34813 DR THERESA GERNSHEIMER DIRECTOR, MEDICAL EDUCATION 40.00 X 264761 0 38148 DR JAMES C ZIMRING FULL MEMBER, RESEARCH 40.00 X 273555 0 24926 DR JING-FEI DONG FULL MEMBER, RESEARCH 40.00 X 202312 0 27974 4683255 0 593556 59 0 1 0 BN BUILDERS INC 2601 4TH AVE SUITE 350 SEATTLE WA 98121 CONSTRUCTION SERVICES 1254848 BLOOD BANK COMPUTER SYSTEMS 1002 15TH ST SUITE 120 AUBURN WA 98001 COMPUTER CONSULTING SERVICES 672426 OPENWORKS 4742 NORTH 24TH STREET SUITE 450 PHOENIX AZ 85016 JANITORIAL SERVICES 392412 AMERICAN ASSOCIATION OF BLOOD BANKS 8101 GLENBROOK ROAD BETHESDA MD 20814 CONSULTING SERVICES 383163 ABSHER CONSTRUCTION COMPANY 1001 SHAW ROAD PUYALLUP WA 98372 CONSTRUCTION SERVICES 366017 21 7468 635989 616460 59816 1259917 SERVICE FEES 541900 92559887 92559887 BLOOD DERIVATIVES 339110 50221249 50221249 RESEARCH REVENUE 541700 7680268 7680268 CTS MANAGEMENT AGREEME 531310 6072846 6072846 DELIVERY FEES 480000 791540 791540 2323022 2323022 159648812 1359181 1359181 1803020 1048192 754828 754828 754828 7755146 4364 7698631 117274 56515 -112910 -56395 -56395 212351 635989 241372 -29021 -29021 JOINT VENTURE INVESTME 621500 -12314 -12314 -12314 162925008 153563652 0 8101439 286404 286404 47478 47478 146924 146924 3961844 1426163 2535681 47152177 41211140 5489300 451737 3233831 2770614 441489 21728 4571837 3864340 665921 41576 4432382 3705500 687493 39389 130002 130002 455694 132662 323032 111996 111996 201580 201580 3149199 2361529 744433 43237 489842 109590 336534 43718 3324924 1803178 1521746 2840702 2348031 467903 24768 5522299 5171134 296197 54968 379308 293566 84915 827 248120 128419 117739 1962 867216 858015 9201 5754258 4954084 747513 52661 798451 762428 27919 8104 DRUGS & SUPPLIES 69790278 69790278 TRANSPORTATION 2361088 2202327 155418 3343 PROVISION FOR DOUBTFUL 1263906 1263906 161521740 144779695 15944826 797219 1000 815 3433855 7862267 1273430 1533704 22599172 20008722 2795165 2181735 1042211 1100049 117206128 68930190 50172975 48275938 37426038 41401585 9350000 9050000 1016000 890006 129109846 132304821 20405922 21576006 756106 1091219 24720000 23930000 8485033 6898051 54367061 53495276 X 72900959 77724213 1407522 647628 434304 437704 74742785 78809545 129109846 132304821 X 1403268 2651178 12314 X X 0 1 X 1 1 1 X 6242609 7189946 6913549 1609433 1670472 23626009 144542592 148393694 150260881 147588876 158851257 749637300 478187 599351 1077538 150785201 155583640 157174430 149676496 161121080 774340847 37867 21762 39465 54169 72760 226023 0 37867 21762 39465 54169 72760 226023 774114824 783090 1037671 1399319 2574831 3162201 8957112 783090 1037671 1399319 2574831 3162201 8957112 151568291 156621311 158573749 152251327 164283281 783297959 0.98830 0.99180 0.01140 0.00790 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 471984 3400 43322 35416 2261 481029 459879 9143 25153 19274 2917 471984 315629 175802 -4010 23893 3649 459879 269940 3100 59721 15560 1572 315629 260919 900 8121 269940 0.00000 1.00000 0.00000 0 0 2496213 2496213 43263716 20704179 22559537 18755173 11587426 7167747 49358855 36365968 12992887 3332171 272617 3059554 48275938 INVESTMENT IN CTS 9000000 C INVESTMENT IN HEMEXCEL 50000 C 9050000 X 166444054 2470259 3400 2473659 163970395 201580 -1246967 -1045387 162925008 162377298 3400 1054552 1057952 161319346 201580 814 202394 161521740 PART V, LINE 4: INTENDED USE OF ENDOWMENT FUND EARNINGS IS FOR MEDICAL RESEARCH AS WELL AS AN ANNUAL LECTURE SERIES. PART X, LINE 2: PSBC IS EXEMPT FROM FEDERAL INCOME TAX AS AN ENTITY DESCRIBED IN INTERNAL REVENUE CODE (IRC) SECTION 501(C)(3) EXCEPT TO THE EXTENT OF UNRELATED BUSINESS TAXABLE INCOME AS DEFINED UNDER IRC SECTIONS 511 THROUGH 515. PSBC DID NOT INCUR UNRELATED BUSINESS INCOME TAX FOR THE YEAR ENDED JUNE 30, 2014 AND 2013. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR FEDERAL INCOME TAX IN THE ACCOMPANYING FINANCIAL STATEMENTS. PSBC FOLLOWS THE PROVISIONS OF AUTHORITATIVE GUIDANCE RELATING TO ACCOUNTING FOR UNCERTAIN TAX POSITIONS. PSBC RECOGNIZES THE TAX BENEFIT FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY THE TAX AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT IS MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. PSBC RECOGNIZES INTEREST AND PENALTIES RELATED TO INCOME TAX MATTERS IN INCOME TAX EXPENSE. AS OF JUNE 30, 2014 AND 2013, PSBC IS UNAWARE OF ANY UNCERTAIN TAX POSITIONS REQUIRING ACCRUAL. PSBC IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY TAXING AUTHORITIES FOR YEARS BEFORE 2011 FOR ITS FEDERAL AND STATE TAX FILINGS. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING FEES NETTED WITH FUNDRAISING REVENUE -187,274. RENTAL EXPENSES NETTED WITH RENTAL REVENUE -1,048,193. JOINT VENTURE INVESTMENT BOOK/TAX ADJUSTMENT -12,314. DISCONTINUED OPS NETTED WITH EXPENSES 814. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING FEES NETTED WITH FUNDRAISING REVENUE 187,274. RENTAL EXPENSES NETTED WITH RENTAL REVENUE 1,048,193. UNREALIZED GAIN OR LOSS ON SWAPS/SERP -180,915. PART XII, LINE 4B - OTHER ADJUSTMENTS: DISCONTINUED OPS CLASSIFIED AS EXPENSE 814. 1 NORTH AMERICA - CANADA AND MEXICO 0 0 GRANTMAKING 146924 0 0 0 0 0 0 146924 0 146924 NORTH AMERICA - CANADA AND MEXICO CLINICAL TRIAL 118420 CHECK PAYMENT 0 NORTH AMERICA - CANADA AND MEXICO CLINICAL TRIAL 28504 CHECK PAYMENT 0 2 0 0 0 0 0 0 0 PART I, LINE 2: PROCEDURES FOR MONITORING THE USE OF GRANTS AND OTHER ASSISTANCE OUTSIDE THE UNITED STATES INCLUDE REVIEW OF THE SUBRECIPIENT'S FINANCIAL AUDIT AND FOLLOW UP, IF NEEDED, ON ANY FINDINGS. ADDITIONALLY, THERE IS A PROCESS TO REVIEW GENERAL LEDGERS AND WORK CLOSELY WITH THE FINANCIAL DEPARTMENT OF THE SUBRECIPIENT TO ENSURE THAT EXPENSES, INCLUDING SALARY EFFORTS, ARE REASONABLE, PRUDENT, WITHIN THE TERMS OF THE AGREEMENT AND COMPLIANT WITH FEDERAL GUIDELINES. PART I, LINE 3: CHECK PAYMENT FACES FOR LIFE 542875 433429 109446 54098 13513 65452 35172 GOLF GETS IN YOUR BLOOD 219153 139200 79953 29080 16845 20566 2 86312 63360 22952 2688 3958 848340 635989 212351 54098 45281 82297 59696 241372 -29021 1 THE UNIVERSITY OF WASHINGTON 4333 BROOKLYN AVE NE SEATTLE WA 98195 916001537 115(1) 82585 BLOOD RESEARCH SWEDISH RESEARCH INSTITUTE 500 17TH AVE CHERRY HILL PROFESSION L BLDG SUITE 303 SEATTLE WA 98122 910433740 501(C)(3) 36093 BLOOD RESEARCH FRED HUTCHINSON CANCER RESEARCH CENTER 1100 FAIRVIEW AVE N SEATTLE WA 98109 237156071 501(C)(3) 15660 BLOOD RESEARCH BLEEDING DISORDER FOUNDATION OF WA 8659 FIRDALE AVE NORTH EDMONDS WA 98020 916068857 501(C)(3) 69868 BLOOD RESEARCH WILLIAM MARSH RICE UNIVERSITY 6100 MAIN STREET MS70 HOUSTON TX 77005 741109620 501(C)(3) 18723 BLOOD RESEARCH UNIVERSITY OF COLORADO 1800 GRANT STREET SUITE 600 DENVER CO 80203 846000555 501(C)(3) 20194 BLOOD RESEARCH THE UNIVERSITY OF VIRGINIA 1001 NORTH EMMET STREET CHARLOTTESVILLE VA 229044202 546001796 501(C)(3) 43281 BLOOD RESEARCH 7 0 RESEARCH PARTICIPANTS FOR BLOOD STUDIES 100 47478 0 PART I, LINE 2: MONITORING/REVIEW/PROCEDURES: PRIOR TO ISSUING A SUBAWARD, PSBC REVIEWS THE ENTITY ON WWW.SAM.GOV FOR DEBARMENT OR SUSPENSION FROM RECEIVING FEDERAL FUNDS AND CONFIRMS THE CCR STANDING OF THE ENTITY. GRANT AND CONTRACTS SPECIALIST REVIEWS THIS INFORMATION ANNUALLY. IN ADDITION, PSBC RECEIVES AND REVIEWS THE ANNUAL OMB A-133 AUDIT FOR OUR SUBRECIPIENTS AND ADDRESSES ANY FINDINGS FROM THE AUDIT. THE SUBAWARD IDENTIFIES THE MAXIMUM AMOUNT OF AWARD AND PSBC STAFF VERIFIES THAT THE PAYMENTS DO NOT EXCEED THIS AMOUNT. SUBRECIPIENTS ARE SELECTED BASED ON THE NEEDS OF THE AWARD AND WHICH ORGANIZATION IS ABLE TO BEST PARTNER WITH THE PRINCIPAL INVESTIGATOR. X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 DR JAMES P AUBUCHON PRESIDENT/CEO 608112 0 25000 0 229005 0 113850 0 18092 0 994059 0 0 0 ROBERT GLEASON TREASURER/CFO 210753 0 0 0 960 0 16587 0 26850 0 255150 0 0 0 DAVID C FENNELL CHIEF OPERATING OFFICER 334868 0 0 0 1236 0 12750 0 4314 0 353168 0 0 0 DR JOSE A LOPEZ CHIEF SCIENTIFIC OFFICER 305074 0 0 0 660 0 17850 0 13202 0 336786 0 0 0 JAMES G GORE CHIEF OPERATING OFFICER, RESEARCH 214332 0 35000 0 1236 0 12582 0 10920 0 274070 0 0 0 DR NEIL C JOSEPHSON PROGRAM DIRECTOR, HEMOPHILIA 203820 0 0 0 420 0 20726 0 14916 0 239882 0 0 0 SALLY J SULLIVAN CHIEF OF EMPLOYEE & COMM. RELATIONS 189151 0 0 0 444 0 18990 0 9116 0 217701 0 0 0 SANDRA E LINAUTS VICE PRESIDENT, BLOOD SERVICES 192288 0 0 0 960 0 19923 0 10765 0 223936 0 0 0 DR THERESA A NESTER MEDICAL DIRECTOR 223704 0 20000 0 624 0 24976 0 14331 0 283635 0 0 0 KARYN L DENTON DIRECTOR, CLINICAL SERVICES 156754 0 0 0 960 0 8094 0 19849 0 185657 0 0 0 LINDA S BARNES CHIEF QUALITY OFFICER 167376 0 10000 0 312 0 0 0 15623 0 193311 0 0 0 DR YANYUN WU CHIEF MEDICAL OFFICER 133842 0 25000 0 0 0 0 0 2756 0 161598 0 0 0 DR BARBARA A KONKLE FULL MEMBER, CLINICAL RESEARCH 279427 0 0 0 960 0 12750 0 10332 0 303469 0 0 0 DR SHERRILL J SLICHTER DIRECTOR, PLATELET TRANSFUSION 289670 0 0 0 2616 0 25500 0 9313 0 327099 0 0 0 DR THERESA GERNSHEIMER DIRECTOR, MEDICAL EDUCATION 263571 0 0 0 1190 0 25500 0 12648 0 302909 0 0 0 DR JAMES C ZIMRING FULL MEMBER, RESEARCH 273291 0 0 0 264 0 11468 0 13458 0 298481 0 0 0 DR JING-FEI DONG FULL MEMBER, RESEARCH 201868 0 0 0 444 0 10558 0 17416 0 230286 0 0 0 PART I, LINE 1A FIRST CLASS TRAVEL IS PROVIDED TO THE PRESIDENT UNDER VERY SPECIFIC AND APPROVED CIRCUMSTANCES. SOCIAL CLUB DUES WERE PROVIDED FOR THE PRESIDENT. SOCIAL CLUBS ARE USED FOR BUSINESS RELATED MEETINGS. PART I, LINE 4B SCHEDULE I, PART I, LINE 4B: PUGET SOUND BLOOD CENTER HAS A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN ESTABLISHED TO PROVIDE ADDITIONAL RETIREMENT COMPENSATION TO DR. JAMES AUBUCHON, PRESIDENT AND CEO. AMOUNTS ARE ACCRUED ON AN ANNUAL BASIS, WITH A CORRESPONDING LIABILITY RECORDED IN THE FINANCIAL STATEMENTS. FOR THE CURRENT YEAR, $96,000 WAS ACCRUED. A WA ECONOMIC DEVELOPMENT FINANCE AUTHORITY 911493002 939758CW6 2008-08-14 27625000 PURCHASE AND RENOVATION OF RENTON, WA FACILITY 0 0 0 A 27625000 361737 27263263 2009 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 1 1 1 0 0 0 0 A 0 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: WA ECONOMIC DEVELOPMENT FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 05/30/2014 X 2 5719 FAIR VALUE X AUCTION ITEMS 241 54098 FAIR VALUE 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE AMENDED. THE AMENDMENTS WERE ADOPTED ON JUNE 13, 2014 AFTER A VOTE BY THE BOARD OF TRUSTEES. UPDATES WERE MADE TO THE TRUSTEES SECTION TO CLARIFY THE PROCESS TO OCCUR SHOULD THERE BE BOARD VACANCIES. ADDITIONALLY, SECTIONS WERE ADDED RELATED TO ONE VOTING AND ONE NON-VOTING SEAT ON THE BOARD FOR MEMBERS OF THE OREGON ADVISORY COUNCIL. CLARIFICATIONS WERE MADE RELATED TO WHEN ELECTED TERMS BEGIN FOR BOARD MEMBERS AS WELL AS THE NUMBER OF DAYS BY WHICH WRITTEN NOTICE NEEDS TO BE GIVEN FOR MEETINGS. A QUALITY ADVOCACY COMMITTEE WAS ADDED TO THE BOARD COMMITTEES SECTION. ADDITIONALLY, CHANGES WERE MADE TO THE NUMBER OF DAYS BY WHICH MAIL VOTES NEED TO BE RECEIVED FOR APPROVAL OF AMENDMENTS AND CLARIFICATION WAS MADE RELATED TO WHEN THE PRESIDENT/CEO MUST PRESENT THE AUDITED FINANCIAL STATEMENTS TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 11 INTERNALLY, DATA FOR THE FORM 990 IS PREPARED BY THE ACCOUNTING REPORTING MANAGER AND REVIEWED BY THE CONTROLLER AND THE CHIEF FINANCIAL OFFICER. THE FORM 990 IS THEN PREPARED BY OUR CPA FIRM. EXTERNAL REVIEW CONSISTS OF THE FORM 990 BEING POSTED TO THE BOARD OF TRUSTEE WEBSITE, AND THE BOARD MEMBERS ARE EMAILED A LINK TO THIS PASSWORD PROTECTED SITE SO THAT THE FORM 990 CAN BE REVIEWED. FORM 990, PART VI, SECTION B, LINE 12C PSBC HAS ALL HUMAN RESOURCE POLICIES (INCLUDING CONFLICT OF INTEREST) ONLINE AND ACCESSIBLE. ANY CHANGES ARE HIGHLIGHTED AND SENT TO ALL EMPLOYEES. UPON HIRE AND UPON MAJOR POLICY CHANGES, EMPLOYEE SIGNS ACKNOWLEDGEMENT FORM TO EVIDENCE THAT SHE/HE IS RESPONSIBLE TO READ AND BECOME ACQUAINTED WITH THE POLICIES. ANNUALLY BOARD MEMBERS MUST SIGN A FORM AND DISCLOSE CONFLICTS OF INTEREST. THESE ARE REVIEWED BY THE BOARD CHAIR AND PRESIDENT. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD REVIEWS AND APPROVES THE PRESIDENT'S COMPENSATION BASED ON RESEARCH OF OTHER COMPARABLE ORGANIZATIONS AND INDUSTRY STANDARDS PERFORMED BY A COMPENSATION CONSULTING FIRM. IN 2014 AN OUTSIDE CONSULTING FIRM PROVIDED TRENDS IN BOTH PERFORMANCE INCREASES AND BONUSES FOR CEOS. THE BOARD USED THIS INFORMAITON IN THE PRESIDENT'S COMPENSATION REVIEW. KEY EMPLOYEES' AND OFFICERS' SALARIES ARE REVIEWED AGAINST MARKET DATA WITH CONSIDERATION OF INTERNAL EQUITY. MARKET DATA INCLUDES ANNUAL SURVEY FROM INDUSTRY ASSOCIATION AND COMPARISON TO ADDITIONAL REGIONAL AND NATIONAL MARKET DATA APPROXIMATELY EVERY TWO TO THREE YEARS. IN ADDITION, MEDICAL STAFF SALARIES ARE REVIEWED AGAINST UNIVERSITY RANGES FOR PHYSICIANS OF LIKE SPECIALTIES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: JOINT VENTURE LOSS 12,314. FORM 990, PART XII, LINE 2C THERE HAS BEEN NO CHANGE TO HOW THE COMMITTEE REVIEWS THE FINANCIAL STATEMENTS. NATIONAL BLOOD COLLABORATIVE LLC 737 PELHAM BLVD SAINT PAUL MN 551141739 455601065 BLOOD CENTER MANAGEMENT SERVICES MN N/A RELATED -7067 0 1 0.20000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 HEMEXCEL PURCHASING ALLIANCE LLC B 50000 CAPITAL CONTRIBUTION