South Texas Blood & Tissue Center

“Classes of members or stockholders: biobridge global is the sole member of the corporation.”

“Documenting meetings or written actions undertaken by board: meetings held and written actions undertaken were documented in the minutes of the meetings of biobridge global's board of directors.”

“Process to review the form 990: the organization engages an outside accounting firm to prepare the form 990. Once prepared, the return is reviewed by the financial management staff from biobridge global, a related organization. A copy of the form 990 is provided to the executive committee of the board of directors of biobridge global prior to filing.”

“Compliance with conflict of interest policy: a copy of the organization's conflict of interest policy is provided annually to all officers, key employees and board of directors of biobridge global. In addition, questionnaires are given out on an annual basis to all officers, key employees and board of directors which cover business and family relationships and various activities that have occurred over the course of the year. Every attempt is made to ensure that all forms are returned. Individuals who fail to return the requested forms or provide incomplete information are contacted by the organization. In the event of a conflict of interest, the member subject to the conflict of interest must leave the discussion and voting on a transaction or arrangement that results in a conflict of interest. A committee of non-interested representatives shall be appointed to investigate alternatives to the proposed transaction or arrangement. The party with a conflict of interest is not permitted to advocate to other representatives prior to the vote. The committee is responsible for exercising due diligence in determining that the transaction is not more materially advantageous than a deal with a non-interested transaction.”

“Review of top management official's compensation: in determining the top management official's compensation, the organization relied on biobridge global's process to assist in compensation decisions. The process of determining the top management compensation is disclosed on their form 990.”

“Review of other officers' compensation: the organization relied on biobridge global's process to assist in compensation decisions. The process of determining other officers' compensation is disclosed on their form 990.”

“How documents are made available to the public: any documents subject to open record requirements are made available upon request.”

“ORGANIZATION'S MISSION: THE SOUTH TEXAS BLOOD & TISSUE CENTER SUPPLIES BLOOD TO MORE THAN 100 HOSPITALS IN SOUTH TEXAS AND SUPPORTS TISSUE, apheresis services, RESEARCH/NEW THERAPIES AND UMBILICAL CORD BLOOD/BIRTH TISSUE DONATIONS.”

“Significant changes to program services: on july 1, 2022, south texas blood & tissue center withdrew as the sole member of community labs, llc and ceased to be the sole member of the company. As result of the withdrawal, the sole membership interest was transferred to the albert & bessie mae kronkosky charitable foundation.”

“Other changes in net assets or fund balances: change in interest rate swap $ 1,780,290 transfer of interest in community labs, llc $ (8,948,736) equity transfer between related organizations $ (3,115,573) --------------- total $ (10,284,019)”