Lifeserve Blood Center

“The 990 is prepared and reviewed by an independent accounting firm and then it is reviewed by the cfo. Both the finance committee of the board and the board will review and discuss the completed form 990 before it is filed. Any questions or comments related to its preparation will be documented by accounting staff and forwarded to the independent accounting firm preparing the return for revision and reconciliation. After the review has been completed and any changes have been made, the full board receives a copy before it is filed.”

“Board members and senior leadership annually review and sign the conflict of interest policy. All significant transactions are reviewed by management, or the board if appropriate, to ensure compliance. If a conflict arises, after exercising due diligence, the board would determine whether lifeserve blood center can obtain with reasonable efforts an arrangement with a person or entity that does not give rise to a conflict. If a more advantageous arrangement is not possible, a decision is made by a majority vote of the disinterested directors.”

“The board of directors has a human resource committee. The responsibilities of the hr committee are defined in a committee charter. These responsibilites include determination of ceo compensation and compensation philosophy. A consulting firm was hired to establish ranges based on market compensation of comparable organizations. The consulting firm provided this information to the hr committee. The comparability data used included other blood centers, other non-profits and other regional organizations. The determination of executive salary ranges was documented in a summary report created by the consultant, as well as in hr committee and board minutes. The ceo salary range is evaluated every 3-4 years by hiring a consulting firm to assess the market range. The last market evaluation was performed in the second and third quarters of 2022 for implementation in the fourth quarter of 2022. The placement of the ceo within the range was done based on recommendations from the compensation consulting firm. The ceo's performance is reviewed by the hr committee. The hr recommendation for salary increase is taken to the full board for approval.”

“Every 3 years a compensation consultant is hired to conduct a market evaluation for all positions in the organization. Other blood centers, non-profits and regional organizations were used to establish the salary ranges. The lifeserve compensation philosophy is market based. Our goal is to provide fair compensation based on the market salary for the position. The market evaluation was used to create a salary range for all employees in the organization. Employees are placed in the range based on experience and performance. An employees' ability to advance in the salary range is based on performance. Merit increases are determined by placement in the range and budget. The complete market analysis was most recently performed in the second and third quarters of 2022 and was implemented in the fourth quarter of 2022.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Celluar Therapy - Total Revenue: 16946, Related or Exempt Function Revenue: 16946, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Therapeutic Procedures - Total Revenue: 490749, Related or Exempt Function Revenue: 490749, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Red Cell Exchange - Total Revenue: 32200, Related or Exempt Function Revenue: 32200, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Source Plasma - Total Revenue: 16305, Related or Exempt Function Revenue: , Unrelated Business Revenue: 16305, Revenue Excluded from Tax Under Sections 512, 513, or 514: ;”

“(Expenses $ 13,718,849 including grants of $ 0)(Revenue $ 0) QUALITY: THE QUALITY DEPARTMENT AT LIFESERVE BLOOD CENTER IS RESPONSIBLE FOR ENSURING THE SAFETY AND QUALITY OF THE BLOOD AND BLOOD PRODUCTS COLLECTED, TESTED AND DISTRIBUTED TO CUSTOMERS. THE FUNCTION OF THIS AREA OF THE COMPANY IS TO ENSURE THAT ALL EMPLOYEES AND VENDORS ARE WORKING WITHIN GUIDELINES AND STANDARD OPERATING PROCEDURES SET BY REGULATORY AGENCIES SUCH AS THE FDA (FOOD AND DRUG ADMINISTRATION) AND AABB (ASSOCIATION FOR THE ADVANCEMENT OF BLOOD & BIOTHERAPIES). ADDITIONALLY, THIS AREA IS RESPONSIBLE FOR HANDLING ALL TRAINING PROGRAMS FOR LIFESERVE BLOOD CENTER STAFF TO ENSURE PROPER COMPETENCY TO PERFORM VITAL JOB FUNCTIONS. THE QUALITY DEPARTMENT ALSO LEADS THE ORGANIZATION'S PROCESS IMPROVEMENT EFFORTS, ENSURING EFFICIENT AND EFFECTIVE OPERATIONS. EXPENSE $928,299. INCLUDING GRANTS OF $ 0. REVENUE $ 0. FLEET, FACILITIES AND PURCHASING: THE FLEET, FACILITIES AND PURCHASING DEPARTMENT AT LIFESERVE BLOOD CENTER IS RESPONSIBLE FOR FURNISHING THE OPERATIONS DEPARTMENT WITH THE VEHICLES AND FACILITIES USED TO COLLECT BLOOD PRODUCTS AT BOTH MOBILE AND FIXED SITE OPERATIONS. THIS IS ACHIEVED THROUGH A COMBINATION OF LARGE BUSES, VANS, AND TRAILERS TO ACCOMMODATE THE DONATION PROCESS, AS WELL AS FIXED SITE LOCATIONS ACROSS THE REGION, WHERE DONORS CAN COME AND MAKE THEIR LIFE-SAVING BLOOD DONATION. THIS DEPARTMENT IS ALSO RESPONSIBLE FOR PURCHASING ALL SUPPLIES FOR THE ORGANIZATION. EXPENSES $3,725,394. INCLUDING GRANTS OF $ 0. REVENUE $ 0. PUBLIC RELATIONS AND MARKETING: THE PUBLIC RELATIONS AND MARKETING DEPARTMENT IS RESPONSIBLE FOR ALL MARKETING, PUBLIC RELATIONS AND COMMUNICATION EFFORTS NEEDED TO ENGAGE INDIVIDUALS TO BECOME BLOOD DONORS. THIS DEPARTMENT IS ALSO RESPONSIBLE FOR ENSURING A POSITIVE COMMUNITY IMAGE THROUGH VISIBILITY EVENTS AND BRAND AWARENESS EFFORTS. ADDITIONALLY, THIS AREA OF THE ORGANIZATION ALSO HANDLES AND/OR PERFORMS ALL MEDIA OUTREACH. AS A PART OF THE PUBLIC RELATIONS AND MARKETING DEPARTMENT, LIFESERVE BLOOD CENTER MANAGES A VOLUNTEER OUTREACH PROGRAM SPECIFICALLY GEARED TOWARD ENGAGING VOLUNTEERS TO PERFORM A WIDE VARIETY OF OPERATIONAL TASKS AND FUNCTIONS FOR THE ORGANIZATION. THESE UNPAID INDIVIDUALS HELP TRANSPORT BLOOD TO AND FROM HOSPITALS, PERFORM FILING AND/OR CLERICAL DUTIES AS WELL AS HELP ENSURE SUPPLIES ARE PACKED AND RECEIVED APPROPRIATELY. THIS OUTREACH PROGRAM IS EXTREMELY VITAL TO THE OPERATION OF THE ORGANIZATION BY PROVIDING ADDITIONAL RESOURCES WITHOUT INCURRING EXTRA EXPENSE. EXPENSE $1,964,907. INCLUDING GRANTS OF $ 0. REVENUE $ 0.”