Mississippi Valley Regional Blood Center

“Prior to filing the form 990 with the internal revenue service, the form 990 is provided electronically to impactlife's board members. In addition, rsm us llp, the accounting firm that prepares impactlife's return, meets with the audit and business support committee to review the form 990 prior to filing the tax return.”

“The board of directors sign a confidentiality and conflict disclosure statement annually following the annual meeting. The board approved the conflict policy that defines conflicts and the policy is reviewed annually. The director who believes they have a conflict reports that on the form and is responsible for self-identifying if a vote is taken where they should abstain or declare a conflict. Any other board director can raise concern about someone else having a conflict. This process is included in the new board director orientation class. Conflicts usually limit voting rights but also may result in the director being asked to leave the board room during conversations related to the issue where there is a conflict. Board minutes reflect any declared conflict.”

“The executive committee serves as the compensation committee for the board of directors in determining the compensation of the chief executive officer. The executive committee is provided the abc national survey of chief executive officer, medical director, and chief operating officer each year to review for setting compensation. The survey includes all independent blood centers in the united states. In 2024, the board also commissioned an outside compensation consultant who conducted extensive surveys of similar operations for all job categories within impactlife, including the chief executive officer position. The executive committee presents the recommendation for compensation to the full board in executive session. The full board votes on the chief executive officer's compensation. All review and discussion is documented in minutes of committee or board minutes. The compensation as reported was determined in december 2023.”

“Impactlife makes its governing documents, audited financial statements, and conflict of interest policy available to the public upon request in the same time and manner as other disclosures required under internal revenue code section 6104.”

“Impactlife is the primary provider of blood products and services to more than 120 hospitals in illinois, iowa, missouri and wisconsin. Impactlife works together with generous blood donors throughout the impactlife service region to fulfill its mission to save lives by providing blood products and services to communities in need. Impactlife's headquarters is in davenport, iowa, where its testing, processing and primary distribution center handles more than 230,000 blood components each year. Since its founding in 1974, impactlife has collected more than 5 million units of blood from volunteer donors and has served millions of patients throughout the region and through national resource sharing programs. In 2024, volunteer blood donors provided more than 195,000 donations to impactlife. These donations were collected at the blood center's 22 fixed site donor centers and at more than 3,500 mobile blood drives held through the service region. Impactlife has provided life-saving blood products and services to hospitals in the our region for more than 50 years. In 2024, the impactlife service region included hospitals in southwestern and central wisconsin, western, central and northwestern illinois, eastern and southeastern iowa and in eastern and central missouri. Impactlife's staff routinely lead tours of the blood center and provide informal programs on blood and blood donation throughout our service region.”

“Book/tax difference in partnership income -65,818.”

“A committee, which meets on a quarterly basis, engages the independent accountants to perform the audit. In addition, they meet with the auditors to go over the audit report and management letter. This process has not changed from the prior reporting year.”