Versiti Inc

“Form 990 review versiti, inc. Utilizes grant thornton llp to complete the irs form 990 and related schedules. Following completion, they are reviewed by the organization's management. The draft forms are then reviewed by the audit and compliance committee prior to submission to the irs. The full board is provided a copy of the form 990 prior to filing.”

“Conflict of interest policy versiti, inc. Maintains a written conflict of interest policy. On an annual basis, current directors and officers are asked to complete a disclosure form based on irs requirements that includes the following: whether they have any direct or indirect relationship either through business or family member with the organization. Whether they received compensation from any organization that shares common ownership or control with the organization. Whether they have served as an officer, director, key employee, partner or member of an entity (or shareholder of a professional corporation) doing business with the organization. These answers are accumulated, summarized and evaluated by management to determine if any conflicts exist. Identified conflicts are addressed in accordance with the written policy.”

“Compensation process versiti, inc. Directly compensates 9 of its employees/officers. These officers provide services to the supported organizations, subject to the organization's cost allocations. Versiti and its affiliates greatly value the generous contributions of the individuals and organizations that support our mission within the community we serve. In order to ensure proper stewardship of our charitable resources, versiti and its affiliates follow a formalized process to confirm that compensation provided to our executive leadership team is fair, reasonable, and not excessive when compared to other executives. This process also helps us ensure that our compensation program supports the retention of experienced, highly-qualified executives who are committed to our mission. The executive committee of the versiti board of directors, acting in its capacity as the compensation committee, sets and monitors the compensation philosophy for the organization. Other than the versiti president and chief executive officer, the executive committee does not include members of management. To ensure that the committee is comprised of individuals who do not have a conflict of interest with respect to versiti compensation arrangements, one member of the committee recuses himself from discussions and approvals related to compensation; in addition, the versiti president and chief executive officer recuses her/himself from all discussions and approvals related to her/his compensation. The versiti executive committee reviews executive compensation arrangements to ensure such arrangements are fair, reasonable, and not excessive when compared to similarly-situated executives. Executive compensation arrangements are reviewed for reasonableness and approved by the executive committee annually in accordance with the versiti reasonableness review policy. In order to assess the reasonableness of executive compensation arrangements, the executive committee obtains and reviews appropriate comparability data collected by the human resource department and/or a qualified independent compensation consultant. The executive committee engages a qualified independent compensation consultant annually. The independent consultant performs an analysis of compensation levels at regional and national organizations of comparable size, scope and structure; and provides the committee with comprehensive data on the availability of similar services within the geographic area, compensation surveys, written offers from similar institutions, and other information relevant to comparability of compensation. The executive committee's review, recommendations and approvals are documented concurrently in the committee minutes, which are subsequently reviewed and approved by the executive committee as reasonable, accurate and complete. The committee chair verbally communicates to the versiti board of directors a confirmation of compensation reasonableness and the overall due diligence process. Versiti has an incentive program for executives, directors, management, investigators and staff described in detailed written policies approved by the executive committee annually. Evaluation and compensation review -ceo - each year, the executive committee evaluates the ceo's performance against established objectives, determines incentive payment and merit increase based upon performance and market data provided by the third party compensation consultant, and works with the ceo to establish objectives for the next year. -executives - the board of directors has delagated to the versiti ceo the performance assessment and compensation decisions for his/her team and leaders eligible for the versiti leadership incentive plan. During the may meeting, the executive committee reviews the incentives (short and long-term) payouts and merit increases assigned to the executive team as part of the annual compensation reasonability review conducted by aon consultants. The executive committee reviews an”

“Organization's documents open to the public the organization makes its governing documents, conflict of interest policy, and financial statements available upon request to the public during normal business hours and at the organization's location.”

“Average hours the hours listed on form 990, part vii are representative of an average for the officers and executive team. Each individual person's weekly tally may be greater or lesser per week based on their individual roles and responsibilities within the filing organization and related parties. The president and ceo hours reported by the filing organization are reflective of hours spent on supervision of the affiliate group.”