Innovative Blood Resources

“The executive committee is composed of the chair, vice chair, secretary, treasurer and other director(s) designated by the board of directors to serve on the executive committee. The executive committee has the authority of the board of directors in the management of the business of the organization between meetings of the board of directors, monitors the activities of the standing committees of the corporation and assists in improving processes where appropriate, and at all times is subject to the control and direction of the board of directors.”

“The form 990 will be reviewed and approved by the finance committee of the board of directors. Once approved by the finance committee, the form 990 is shared with the board of directors prior to filing.”

“Directors and officers must disclose all conflicts of interest and must annually complete and return to the nominating and governance committee the questionnaire which is a part of the organization's conflict of interest policy. Whenever in the course of events a director's or officer's circumstances change, so that he or she knows or has reason to know that an actual or potential conflict of interest may arise, such director or officer shall promptly disclose the potential conflict to the nominating and governance committee. The director or officer shall not participate in, take any action upon, or vote upon such matters until the question of the existence of the conflict of interest has been determined by the nominating and governance committee. When a conflict of interest does in fact exist under the definition set forth above, the person with the conflict of interest shall not be counted for determining the presence of a quorum, even when permitted by law and shall not participate in any way in, or be present during, the deliberations and decision-making vote with respect to the matter. Nevertheless, the interested party shall have an opportunity to provide factual information about the matter. The minutes of the meeting should reflect that the director or officer having a conflict disclosed such interest and abstained voting on the matter and that a quorum was present for such action.”

“The human resources committee of the board of directors, composed entirely of independent persons, oversees executive compensation and, in doing so, retains an external party to conduct an independent market survey on a regular basis (every 2 - 3 years). The process included review and approval by independent persons, comparability data and contemporaneous substantiation in 2012 for the ceo, d. Berglund; cfo, j. Buske; vp of medical & quality affairs, j. Gorlin; vp of client services, j. Petersen; and associate medical director, e. Perry.”

“The organization does not make its governing documents, conflict of interest policy or financial statements open to the public.”

“Effective december 31, 2013, innovative blood resources agreed to sell it's parentage line of operations.”

“Loss on impairment of fixed assets -738,810. Increase in fmv of fixed assets upon affiliation 3,130,346. Adjustment of net assets upon affiliation 233,549.”