Joint Restoration Foundation Inc.

“The organization has two corporate members: allosource, an illinois 501(c)(3) not-for-profit corporation, and community blood center, d/b/a community tissue services, an ohio 501(c)(3) not-for-profit corporation. Each member has the exclusive power to elect and to remove, with or without cause, two voting directors.”

“Each corporate member has the exclusive power to elect and to remove, with or without cause, two voting directors.”

“The organization does not have any committees acting on behalf of the governing body. If, however, such committees would be created, the meetings held or written actions undertaken would be contemporaneously documented.”

“The form 990 is provided to and reviewed by key officers of the organization. Subsequent to this review, both outside counsel and the chief compliance officer of allosource, an affiliated organization, are engaged to review and comment on both description and numeric content. The board then reviews the form 990 in detail and makes recommendations to management on content.”

“The organization monitors compliance by reviewing annual statements. Any conflict of interest situation must be disclosed to the board of directors immediately if the conflict involves an interested person; such interested person is defined as an officer, director, key employee, or member of a committee of the joint restoration foundation. An interested person must disclose at all times any financial interest and all material facts. Following such disclosure, the interested person shall leave a meeting while the determination of a conflict of interest is discussed and voted upon. The remaining directors shall decide if a conflict of interest exists, and such person will be required to refrain from participating in any discussion or action concerning such conflicted situation. Annually, all interested persons of joint restoration foundation are asked to complete and execute a disclosure statement.”

“During the tax year the compensation for joint restoration foundation's executive director was reviewed and approved by the board of directors.”

“The governing documents are made available for public inspection at the organization's office in centennial, colorado, along with the organization's exemption application, form 1023. The conflict of interest policy is not made available for public inspection. The financial statements are audited by independent accountants. The financial statements include the statement of revenue and expenses and balance sheet, and are reported on the organization's form 990 in parts viii, ix, and x, and schedule d. The form 990 and schedules are made available upon request at the office of the organization in centennial, colorado.”

“The organization does not have a committee separate from its governing body that assumes responsibility for oversight of the audit. This function lies with the board of directors. This process has not changed from prior tax years.”