Interventional Orthopedics Foundation

“Pursuant to section 3 02(b) of the bylaws of the foundation, directors will be appointed by the board of directors of regenerative sciences, llc in conjunction with each annual meeting of the foundation's board of directors. Furthermore, the board of directors of regenerative sciences, llc may remove, with or without cause, an appointed director of the foundation per section 3 03(b) of the aforementioned bylaws.”

“The executive director and the accountant will review form 990 before it is filed.”

“The board will authorize and oversee an annual review of the administration of the conflict of interest policy. The review shall consider the level of compliance with the policy, the continuing suitability of the policy, and whether the policy should be modified and improved.”

“The compensation of the executive director will be determined by the board, or by an officer or committee to which such authority has been delegated by the board except as provided in the corporation's conflict of interest policy. The compensation of all other staff and officers will be as determined by the executive director. After consultation with the board to the extent reasonably feasible, the person(s) determining compensation will (1) obtain data on the compensation of officers holding similar positions of authority within comparable organizations, (2) set the compensation based on such data and an evaluation of the officer's performance and experience as related to the requirements of the position, and (3) document the basis for the determination, including the comparison data used, the requirements of the position and the evaluation of the officer's performance and experience. No payment of compensation will be made in any manner to result in the imposition of any liability under section 4958 of the internal revenue code”

“The governing documents, conflict of interest policy and financial statements are made available to the public through the foundation's website www.interventionalorthopedics.org”

“The wounded warrior program and academic fellowship grant funding initiatives ceased operations as of december 31, 2017. The patient database registry program ceased operations in april 2017.”

“Honorarium: program service expenses 80,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 80,000. Contract services: program service expenses 29,674. Management and general expenses 0. Fundraising expenses 0. Total expenses 29,674. Payroll services: program service expenses 0. Management and general expenses 2,691. Fundraising expenses 0. Total expenses 2,691. Professional fees: program service expenses 18,896. Management and general expenses 0. Fundraising expenses 0. Total expenses 18,896.”