National Regenerative Medicine Foundation

“The restated bylaws of the filing organization call for a board of directors of not less than 5 nor more than 9. One director is designated as the principal investigator and is specifically named in the bylaws as dr. Atala, who serves until his resignation, death or removal. Four directors are to be appointed by wake forest university health sciences (wfuhs), or its ceo. Wfuhs is a tax exempt educational organization exempt under irc section 501(c)(3). Up to four directors ("regenmed directors") are to be appointed by the corporation's board, shall be working in the regenerative medicine field, but shall not be employed by wfuhs or be a board member of wfuhs or a wfuhs affiliate organization. As of the end of its fiscal year, the board consisted of the designated principal investigator and the four wfuhs directors.”

“The filing organization's board of directors receives a copy of the form 990 with sufficient time to permit review, comment, and questions prior to its filing. If modifications are required following such review and comment, the revised form 990 is redistributed prior to its filing with the irs, along with a report noting the modifications.”

“The organization requires its officers and directors to disclose conflicts of interest annually, and as they arise. Any items disclosed are reviewed and managed in accordance with the organization's policy on conflicts of interest.”

“The organization pays no compensation to officers or directors for their effort devoted to the filing organization. All compensation paid to officers was paid by related organizations, wake forest university health sciences ("wfuhs") or wake forest university ("wfu"), for their service as employees of such related organizations. The senior executive compensation committee of the wake forest university baptist medical center ("wfubmc") board (acting, pursuant to a delegation, on behalf of wfuhs (which entity has the right under the filing organization's bylaws to appoint the majority of the filing organization's board members) with respect to a filing organization officer and director employed by wfuhs) is responsible for reviewing and approving such filing organization officer and director's compensation. Another filing organization officer and director is compensated by related organization wfu (the parent of wfuhs); his compensation is reviewed and approved in accordance with that related organization's similar procedures calling for compensation committee review and approval. Both committees use independent compensation consultants, compensation surveys, and studies to determine the appropriateness of each such officer's compensation.”

“The organization's articles of incorporation are available to the public on request and are available on the website of the north carolina secretary of state. The organization's bylaws are not published, but provisions from the bylaws are included as necessary in the organization's policies, and are attached to the form 1023 filed for the organization with the irs, which is publicly available. The conflict of interest policy and financial statements are available to the public on request.”

“J. Reid morgan filing org 0.1 related org 30.9 unrelated org 9.0 terry g. Williams filing org 0.1 related org 3.7 unrelated org 36.2 julie m. Watson filing org 0.5 related org 19.5 anthony atala, m.d. Filing org 0.5 related org 39.5 terry l. Hales, jr. Filing org 0.1 related org 39.9 a medical center integration agreement ("mcia") was originally entered into in 2010 among four parties: wake forest university ("wfu"), wake forest university health sciences ("wfuhs"), wake forest university baptist medical center ("wfubmc"), and north carolina baptist hospital ("ncbh"). Pursuant to the terms of the original mcia, the operation of wfuhs and ncbh, and all of the respective subsidiaries of each, is delegated to wfubmc. Additionally, the corporate officers of wfubmc generally serve as the corporate officers of wfuhs and ncbh. The mcia was revised and restated in 2020 to delegate oversight and management authority over wfubmc to atrium health, inc. ("ahi"). Certain directors and/or corporate officers of wfuhs, ncbh, & wfubmc also serve as directors or corporate officers of ahi. Wfu and wfuhs are organizations related to the filing organization. Ncbh, wfubmc, and ahi are organizations unrelated to the filing organization. Thus, certain directors and officers of the filing organization devote hours to related organizations (wfu & wfuhs) and unrelated organizations (wfubmc, ncbh, and ahi) as shown in the breakdown of hours above.”