2014-05-13T13:22:42-05:00 2013-06-30 ERNST & YOUNG US LLP 2100 ONE PPG PLACE PITTSBURGH PA 15222 990 2012-07-01 251562714 THE INSTITUTE FOR TRANSFUSION MEDICINE % MARK J GIAQUINTO INST 4122097300 FIVE PARKWAY CENTER 875 GREENTREE R Suite PITTSBURGH PA 15220 MARK J GIAQUINTO 2014-05-12 4126447800 2012 2015-11-30 17:44:51Z JAMES P COVERT 5 parkway cnt 875 greentree rd pittsburgh PA 15220 1513971 false 5645 X WWW.ITXM.ORG X 1987 PA TO PROVIDE BEST IN CLASS BLOOD PRODUCTS AND CLINICAL SERVICES TO MEET THE NEEDS OF THE HEALTHCARE COMMUNITY, PATIENTS AND OUR DONORS THROUGH ADVANCED TRANSFUSION MEDICINE PRACTICES. 17 16 179 0 0 585423 800120 0 632606 14764 38492 44800 0 644987 1471218 0 0 0 0 14749186 14502382 0 0 0 -14228984 -11625225 520202 2877157 124785 -1405939 32269102 24948337 50370178 73099713 -18101076 -48151376 X ITXM'S MISSION IS TO ENGAGE OUR BLOOD DONOR COMMUNITY, ADVANCE TRANSFUSION SCIENCE, AND TOUCH MORE PATIENTS WITH OUR CLINICAL EXPERTISE. ITXM'S VISION IS TO BE THE CHOICE OF BLOOD DONOR COMMUNITIES AND THE RECOGNIZED LEADER IN TRANSFUSION MEDICINE, IMPACTING PATIENT CARE AT THE HIGHEST LEVEL. ITXM'S MISSION AND VISION ARE SUPPORTED BY OUR SHARED BELIEFS AND STANDARDS OF BEHAVIOR OF INTEGRITY, ACCOUNTABILITY, EMPLOYEES, COMMITMENT, INSPIRING AND INFLUENTIAL. false false 398502 0 632606 THE INSTITUTE FOR TRANSFUSION MEDICINE (ITXM) IS THE "PARENT" ENTITY OF A HEALTH CARE SYSTEM DEDICATED TO PROVIDING BLOOD AND BLOOD-RELATED PRODUCTS AND SERVICES TO THE COMMUNITY. ITXM PROVIDES CERTAIN SERVICES FOR ITSELF AND FOR ITS AFFILIATED ORGANIZATIONS, INCLUDING ACCOUNTING, PURCHASING, HUMAN RESOURCES, QUALITY ASSURANCE, INFORMATION SYSTEMS, STRATEGIC PLANNING, EDUCATION, MAINTENANCE AND CORPORATE ADMINISTRTATION. THE CONSOLIDATION OF THESE SERVICES IN ONE ENTITY PROVIDES ECONOMIES OF SCALE AND EFFICIENCY SO AS TO IMPROVE THE DELIVERY OF COST EFFECTIVE HEALTH CARE TO THE COMMUNITY AT LARGE. ITXM PROVIDES TRAINING PROGRAMS FOR MEDICAL RESIDENTS AND FELLOWS IN THE AREAS OF TRANSFUSION MEDICINE AND COAGULATION. ITXM IS ALSO ACTIVELY INVOLVED IN RESEARCH. ITXM MEDICAL STAFF HOLD FEDERAL GRANTS AND PARTICIPATE IN IMPORTANT NATIONAL CLINICAL TRIALS IN BLOOD SAFETY, TRANSFUSION AND HEMOSTASIS. EDUCATING THE COMMUNITY IS ALSO A SERVICE PROVIDED BY ITXM. THROUGH AN ACTIVE SPEAKERS' BUREAU AND JOINT PROGRAMS WITH OTHER HEALTH CARE PROVIDERS, ITXM PRESENTS INFORMATION ON THE SAFETY OF BLOOD, BLOOD COMPONENT THERAPY, COAGULATION, THROMBOSIS AND OTHER PERTINENT TOPICS. SINCE IT IS ESTIMATED THAT TWO OUT OF FIVE PEOPLE WILL NEED A BLOOD TRANSFUSION AT SOME POINT IN THEIR LIVES, THESE EDUCATIONAL OPPORTUNITIES HELP CAREGIVERS, PATIENTS AND POTENTIAL RECIPIENTS OF THIS PRECIOUS RESOURCE UNDERSTAND THE BLOOD SUPPLY AND TRANSFUSION ISSUES AND ALLEVIATE SOME OF THE MISCONCEPTIONS RELATED TO TRANSFUSION MEDICINE. 398502 true true false false false false false false false false true true false true true false false true false 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 false false true true false false false true 59 0 true 179 true false false false false false false false false false false false false false X 17 16 false false true false true false false true true false true true true true true true true true true true false IL PA X MARK J GIAQUINTO 4122097302 5 PARKWAY CENTER 875 GREENTREE ROAD PITTSBURGH PA 15220 SUNNY CHICO 1.0 1.0 X 15500 ALAN J DEAN 1.0 1.0 X 14750 TWYLA L JOHNSON 1.0 1.0 X 9500 MICHAEL H JONES 1.0 1.0 X X 9500 PAT LAUGHLIN 1.0 1.0 X 10750 KATHY L MAYLE TOWNS BSNMNEDMBA 1.0 1.0 X 11750 DONALD J MCGRAW MD 1.0 1.0 X 12000 RICHARD D MCHUGH MD 1.0 1.0 X 14000 CHRISTOPHER D MURTAUGH 1.0 1.0 X 12000 PATRICIA PULIDO SANCHEZ 1.0 1.0 X 16500 RICHARD STOVER 1.0 1.0 X 12750 MATTHEW SUHEY 1.0 1.0 X 10250 PATRICIA ABREGO-SANTUCCI 1.0 1.0 X 1000 CHARLES H BRACKEN JR 1.0 1.0 X X 21250 JAMES R BERRY 0.5 1.5 X 0 ROBERT E CARDEN PHD 0.5 10.5 X 0 JAMES P COVERT 33.0 7.0 X X 632722 0 450450 LAURA KARET 1.5 0.5 X 6000 KAY BRAYMER PETERSON 1.5 0.5 X 7750 MARK J GIAQUINTO 33.0 7.0 X 309909 0 153610 DIANE MERKT 33.0 7.0 X 278249 0 140477 JAMES FITZGERALD 10.0 30.0 X 46259 2014 ROXANNE TATA 40.0 0.0 X 243701 0 255486 DAVID BERRY 40.0 0.0 X 244442 0 128444 ERIC SCHULTIES 40.0 0.0 X 234864 0 189722 KENT OESTREICH 40.0 0.0 X 171976 0 32847 KEIR JOSEPHSON 40.0 0.0 X 131283 0 25379 2478655 0 1378429 23 false true false COHEN GRIGSBY PC PO BOX 641014 PITTSBURGH PA 15264 LEGAL 562150 TOWERS WATSON PENNSYLVANIA INC 600 GRANT ST US STEEL TOWER SUITE PITTSBURGH PA 15219 ACTUARIAL SERVICES 440694 BUCHANAN INGERSOL ROONEY 301 GRANT ST 20TH FLOOR ONE OXFOR PITTSBURGH PA 15219 LEGAL SERVICES 217724 PW CAMPBELL CONTRACTING CO 109 ZETA DR PITTSBURGH PA 15238 CONTRACTORS 195949 DELOITTE TOUCHE LLP ONE PPG PLACE SUITE 2600 PITTSBURGH PA 15222 AUDIT/TAX SERVICES 174393 8 34824 731653 33643 800120 MANAGEMENT FEES TO AFFILIATES 900099 376347 376347 EQUIPMENT RENTAL TO AFFILIATES 900099 210587 210587 MISCELLANEOUS 900099 45672 45672 632606 41744 41744 0 0 0 0 0 39501 42753 -3252 -3252 -3252 0 0 0 0 1471218 632606 38492 0 0 0 0 2478655 2478655 0 8911100 8911100 1105825 1105825 1367941 1367941 638861 638861 0 1384628 1384628 245250 245250 0 0 0 1955639 1955639 63266 63266 674531 674531 897567 897567 0 1423407 1423407 653147 653147 0 98672 98672 1002088 1002088 0 1480682 1480682 60011 60011 EMPLOYEE RECRUIT/DUES/RECOG 243953 243953 LOSS ON JOINT VENTURE 442341 442341 ITXM SHARED SERVICES -22357152 -22357152 MISCELLANEOUS 106745 106745 2877157 398502 2478655 0 X 500 500 5793422 6616952 0 0 612413 1252697 0 0 0 0 0 0 0 0 1323205 854299 19677199 15955366 3904005 3721833 0 0 1178985 10783835 0 0 0 0 19456572 1718221 32269102 24948337 4920930 6202733 0 0 0 0 25985000 25450000 0 0 0 0 0 25000000 0 0 19464248 16446980 50370178 73099713 X -18101076 -48151376 0 0 0 0 -18101076 -48151376 32269102 24948337 X -1405939 -20907 -18531505 -10091949 X false true X true true true X X false false false CENTRAL BLOOD BANK 251055312 09 true true true 0 LIFESOURCE BLOOD SERVICES 363492969 09 true true true 0 VIRGINIA BLOOD SERVICES 540959121 09 true true true 0 ITXM CLINICAL SERVICES 251839168 09 true true true 0 ITXM DIAGNOSTICS 030497690 09 true true true 0 BLOOD SCIENCE FOUNDATION 251562715 0 true true true 0 HEMOPHILIA CENTER OF WESTERN PENNSYLVANIA 251562716 03 true true true 0 7 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 52435 52435 0 655404 366954 288450 4320 1655143 1246362 413101 3474687 13835210 14289615 3020282 3721833 GEISINGER BLOOD CENTER -57130 F CREATIVE TESTING SOLUTIONS 9500000 F ITM HOLDINGS 1340965 F 10783835 WORKERS COMPENSATION TRUST FD 700653 BUILDING DEPOSITS 9500 BOND ISSUANCE FEES 458138 BIOKEY (DONOR ID LICENSES) 549930 1718221 0 DEFERRED PENSION COST 12267217 WORKERS' COMPENSATION RESERVE 691637 DUE TO AFFILIATES 3488126 16446980 X SCHEDULE D, PART X, LINE 2 THE INSTITUTE FOR TRANSFUSION MEDICINE RECEIVED A CONSOLIDATED AUDITED FINANCIAL STATEMENT FOR THE TAX YEAR ENDING JUNE 30, 2013 THAT WAS PREPARED IN ACCORDANCE WITH GAAP. A FIN 48 FOOTNOTE TO THE AUDITED FINANCIAL STATEMENTS DISCLOSED "ITXM'S CONSOLIDATED BALANCE SHEET DOES NOT INCLUDE ANY LIABILITIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS; FURTHER, ITXM HAS NO UNRECOGNIZED TAX BENEFITS." X true true X X X X X X false true false false false false false false false JAMES P COVERT 418753 0 213969 0 0 0 421618 0 28832 0 1083172 0 32476 0 MARK J GIAQUINTO 229888 0 80021 0 0 0 134670 0 18940 0 463519 0 16871 0 DIANE MERKT 206588 0 71661 0 0 0 129182 0 11295 0 418726 0 15871 0 ROXANNE TATA 178791 0 64910 0 0 0 226857 0 28629 0 499187 0 23356 0 DAVID BERRY 184000 0 60442 0 0 0 116901 0 11543 0 372886 0 16304 0 ERIC SCHULTIES 171217 0 63647 0 0 0 171177 0 18545 0 424586 0 7580 0 KENT OESTREICH 150432 0 18568 0 2976 0 15865 0 16982 0 204823 0 0 0 KEIR JOSEPHSON 100452 0 8608 0 22223 0 7991 0 17388 0 156662 0 0 0 PART I LINE 1A ITXM DOES NOT REIMBURSE FOR FIRST CLASS TRAVEL BUT SOMETIMES UPGRADES ARE MADE FOR BOARD MEMBERS AND SENIOR MANAGEMENT USING DISCOUNT OR FREQUENT FLIER COUPONS; EXECUTIVE/SOCIAL DUES ARE PAID FOR THE CEO AND CFO; AIRLINE AND EXECUTIVE CLUB DUES ARE PAID FOR SENIOR MANAGEMENT. PART I LINE 4B JAMES COVERT $386,724; MARK GIAQUINTO $110,005; DIANE MERKT $101,850; ROXANNE TATA $174,907; DAVID BERRY $90,935; ERIC SCHULTIES $149,802 PART II, B(II) DISCRETIONARY BONUSES ARE PAID TO SENIOR AND MIDDLE MANAGEMENT ACCORDING TO CRITERIA WHICH IS ESTABLISHED AT THE BEGINNING OF THE YEAR BY THE COMPENSATION COMMITTEE OF THE BOARD. THE CRITERIA INCLUDES THE ORGANIZATION'S OVERALL OPERATING AND FINANCIAL RESULTS ALONG WITH ACTIVITY AND QUALITY METRICS. A ILLINOIS FINANCE AUTHORITY 861091967 2010-07-29 26500000 BUILDING ACQUISITION AND IMPROVEME false false false B VIRGINIA BIOTECH RESEARCH PARTNERSHIP AUTHORITY 541726850 2013-06-12 20000000 PURCHASE OF VA BLOOD SERVICES & PY false false false A 1050000 0 26500000 0 619078 0 375000 0 0 18760901 7364099 0 2011 true false true true B 0 0 20000000 0 0 0 0 0 0 15195000 4805000 0 2013 true false true true A false true true true true true 0.00000 0.00000 0.00000 false false false false B false true true true true true 0.00000 0.00000 0.00000 false false false false A false true true true false 0 false 0 false false B false true true true false 0 false 0 false false A false B false PART III, LINE 9 0 ITXM REVIEWS ALL SALES OF PROPERTY FOR TAX-EXEMPT BOND IMPLICATIONS AND WRITTEN PROCEDURES REGARDING REMEDIATION PROCEDURES CONSISTENT WITH PART IV, LINE 7 0 ITXM BELIEVES THAT THE REQUIREMENTS OF SECTION 148 ARE BEING MET AND WRITTEN PROCEDURES WILL BE IMPLEMENTED. PART V 0 ITXM BELIEVES THAT THERE HAVE BEEN NO VIOLATIONS OF FEDERAL TAX REQUIREMENTS WITH RESPECT TO ITS TAX-EXEMPT BONDS AND WRITTEN PROCEDURES REGARDING THE CORRECTION OF SUCH VIOLATIONS THROUGH SELF-REMEDIATION AND THE VOLUNTARY CLOSING AGREEMENT PROGRAM WILL BE IMPLEMENTED. PART VI, SECTION A, LINE 4 EFFECTIVE DECEMBER 7, 2012, THE INSTITUTE FOR TRANSFUSION MEDICINE, VIRGINIA BLOOD SERVICES AND THE VBS GROUP (NOW KNOWN AS VIRGINIA BLOOD FOUNDATION) ENTERED INTO A TRANSACTION WHERE THE INSTITUTE FOR TRANSFUSION MEDICINE BECAME THE SOLE CORPORATE MEMBER OF VIRGINIA BLOOD SERVICES, THEREBY ACQUIRING ALL CORPORATE MEMBERSHIP RIGHTS, TITLE AND INTEREST. THE BYLAWS OF ITXM WERE AMENDED AND RESTATED TO INCLUDE THAT FOR THE NEXT THREE YEARS, TWO REPRESENTATIVES FROM THE COMMUNITY SERVICED BY VBS WILL BE INCLUDED ON THE ITXM BOARD OF DIRECTORS. THESE TWO INDIVIDUALS SHALL BE NOMINATED BY THE VB FOUNDATION AND APPROVED BY THE BOARD OF DIRECTORS OF ITXM. SUCH INDIVIDUALS MUST MEET THE SAME QUALIFICATIONS AS OTHER BOARD MEMBERS AS DETERMINED BY THE GOVERNANCE AND NOMINATING COMMITTEE, AND SHALL BE SUBJECT TO ALL NOMINATIONS, ELECTION OR APPOINTMENT, APPLICABLE TERM LENGTH, REMOVAL PROVISIONS AND COMMITTEE ELIGIBILITY REQUIREMENTS OF THE ARTICLES OF INCORPORATION AND THESE BYLAWS NOT INCONSISTENT WITH THIS SECTION. PART VI, SECTION B, LINE 11 THE 990 IS COMPLETED BY MANAGEMENT AND IS REVIEWED BY AN EXTERNAL, INDEPENDENT ACCOUNTING FIRM. THE AUDIT AND FINANCE COMMITTEE, WITH THE ASSISTANCE OF MANAGMENT, REVIEWS THE 990 IN DETAIL AND THEN IT IS SENT TO THE FULL BOARD FOR THEIR REVIEW PRIOR TO FILING. PART VI, SECTION B, LINE 12C ALL DIRECTORS, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO SUBMIT A FORM ANNUALLY DISCLOSING ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST. THE FORMS ARE REVIEWED BY THE GOVERNANCE COMMITTEE WHICH THEN DETERMINES WHETHER A CONFILCT EXISTS. ANY PERSON DEEMED TO HAVE A CONFLICT DURING THE YEAR IS PROHIBITED FROM PARTICIPATING IN DELIBERATIONS AND DECISIONS REGARDING CONFLICTED TRANSACTIONS. PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS RETAINS AN INDEPENDENT, THIRD-PARTY COMPENSATION CONSULTANT TO ANNUALLY REVIEW AND ANALYZE THE MARKET COMPETITIVENESS, REASONABLENESS AND APPROPRIATENESS OF EXECUTIVE PAY AT ITXM. THIS ANALYSIS INCLUDES EXECUTIVES REPORTING DIRECTLY TO THE CEO AND EMPLOYEES WHOSE BASE SALARIES EXCEED THE LOWEST PAID DIRECT REPORT TO THE CEO. AT THE REQUEST OF THE COMPENSATION COMMITTEE, THE COMPENSATION CONSULTANT CONDUCTS AN ANNUAL COMPETITIVE ANALYSIS THAT FOCUSES ON BASE PAY, SHORT-TERM INCENTIVE PAY AND LONG-TERM INCENTIVE PAY AND CONDUCTS A TOTAL COMPENSATION ANALYSIS INCLUSIVE OF INDIRECT COMPENSATION AND OTHER NON-CASH COMPENSATION ELEMENTS EVERY THREE TO FIVE YEARS DEPENDING ON REGULATORY, LEGISLATIVE AND EXTERNAL ACTIONS AND TRENDS. THE COMPETITIVE ANALYSES ARE CONDUCTED ACCORDING TO A BOARD-APPROVED EXECUTIVE COMPENSATION STRATEGY AND MARKET ANALYSIS METHODOLOGY. THIS PROCESS WAS COMPLETED IN 2013. PART VI, SECTION C LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. PART XI, LINE 8 THE PRIOR PERIOD ADJUSTMENT RELATES TO CONSOLIDATING THE INTERCOMPANY RECEIVABLE OR INTERCOMPANY PAYABLE BALANCES OF THE SUBSIDIARIES OF THE INSTITUTE FOR TRANSFUSION MEDICINE (ITXM), WHICH ARE ALL SECTION 501(C)(3) TAX EXEMPT ORGANIZATIONS, INTO THE ITXM FUND BALANCE. PART XI, LINE 9 PURCHASE OF VIRGINIA BLOOD SERVICES ($15,327,839) PENSION LIABILITY ADJUSTMENT 5,235,890 TOTAL PART XI, LINE 9 ($10,091,949) OTHER FEES FOR SERVICES FOR NON-EMPLOYEES FORM 990 PART IX LINE 11G DESCRIPTION:MEDICAL TECHNICAL TOTAL FEES:1912 OTHER FEES FOR SERVICES FOR NON-EMPLOYEES FORM 990 PART IX LINE 11G DESCRIPTION:CONSULTING TOTAL FEES:1520137 OTHER FEES FOR SERVICES FOR NON-EMPLOYEES FORM 990 PART IX LINE 11G DESCRIPTION:TEMPORARY HELP TOTAL FEES:119555 OTHER FEES FOR SERVICES FOR NON-EMPLOYEES FORM 990 PART IX LINE 11G DESCRIPTION:OTHER TOTAL FEES:314035 LIFESOURCE GEISINGER BLOOD CENTER 317 ENTERPRISE WAY PITTSTON PA 18640 364718005 BLOOD BANK PA ITXM RELATED -442341 686970 false 0 true 0.51000 ITM HOLDINGS LTD 5 PARKWAY CENTER 875 GREENTREE RD PITTSBURGH PA 15220 251736459 INVESTMENT SUBSID PA C CORP 0 0 1.00000 true TXM CONSULTING 5 PARKWAY CENTER 875 GREENTREE ROAD PITTSBURGH PA 15220 251736461 CONSULTING PA C CORP 0 0 1.00000 true false true false false false false false false false true true true false false false false false true true LIFESOURCE GEISINGER BLOOD J 210587 FMV LIFESOURCE GEISINGER BLOOD B 295800 FMV CENTRAL BLOOD BANK K 692284 FMV BLOOD SCIENCE FOUNDATION R 975000 FMV VIRGINIA BLOOD SERVICES R 1500000 FMV ITXM DIAGNOSTICS S 330136 FMV GEISINGER BLOOD CENTER L 290810 FMV HEMOPHILIA CENTER OF WESTERN PA L 85537 FMV CENTRAL BLOOD BANK L 5210882 FMV LIFESOURCE L 9734020 FMV ITXM CLINICAL SERVICES L 5076399 FMV ITXM DIAGNOSTICS L 2245851 FMV BLOOD SCIENCE FOUNDATION L 90000 FMV PART IV ITXM IS IN THE PROCESS OF DISOLVING ITM HOLDINGS LTD AND ITS SUBSIDIARY, TXM CONSULTING.