Lifechoice Donor Services Inc

“Management works with independent auditors to assist in preparation and review of the form 990 and required disclosures. Upon its completion it is reviewed in detail by management and is presented to the board of trustees before submission.”

“There is an annual conflict of interest process using a detailed disclosure form that must be completed by all board of trustee members, audit and finance committee members, officers and all employees. This process is overseen by the compliance officer.”

“There is an executive compensation committee which is a sub-committee of the board of trustees. On an annual basis, this committee is tasked with performing the annual review of the president & ceo. The president & ceo does have a written employment contract. The committee utilizes the services of independent compensation consultants who prepare a compensation survey and provides advice to the committee regarding compensation incentives and structures. This committee makes recommendations to the full board of trustees for determining incentive compensation in accordance with the employment contract. The consultants also assists in setting salary ranges in accordance with a market survey.”

“The organization's conflict of interest policy, governing documents and financial statements are available upon request.”

“Effective january 1, 2017, new england organ bank, inc. And lifechoice donor services, inc., the two federally-designated organ procurement organizations (opos) serving new england, joined together to form a new parent organization new england donor services, inc. (neds) a 501(c) (3) charitable organization. As of january 1, 2021, lcds was merged into neob. As a result of the merger, the designated service areas served by each opo were combined. Neds is the sole corporate member of neob. In addition to operating the opo, neds operates a tissue recovery agency. The financial statements for the two corporations, neds and neob, are presented on a consolidated basis while each of the organizations continues to file an individual irs form 990 in compliance with irs regulations.”

“Other changes to net assets and fund balances transfer to affiliates -$5,920,340.”