Inland Northwest Blood Center

“Effective november 27, 2016 inland northwest blood center ("inbc") merged into blood systems, inc. ("bsi"). As a result of the merger, inbc transferred all its assets to bsi. Inbc continues to operate services and programs as previously, now as an integral part of the operations of bsi. Form 990, part iii, line 4d other program services consist of sales of derivatives and other program activities.”

“The executive committee has the power and authority to transact all business of inland northwest blood center (inbc) between board meetings, unless prohibited by law or the articles of incorporation. The executive committee consists of (1) the immediate past chair of the board, (2) chair of the board, (3) vice-chair, (3) secretary, (4) treasurer, and (5) one additional board member appointed by the chair. Form 990, part vi, line 6 blood systems, inc. (bsi) is the sole corporate member of inland northwest blood center. Form 990, part vi, line 7a bsi, as the sole corporate member of inbc, may recommend election of a member to the inbc board of directors. Inbc must make one seat on the board of directors available to bsi.”

“Bsi, as the sole corporate member of inbc, has the following reserved rights: a) bsi reserves the right of final approval of the following actions, but the inbc board will have primary responsibility for the following areas: 1) nomination of members of the inbc board. 2) establishment of goals and monitoring and evaluating the performance of the inbc president and ceo. 3) development of the inbc strategic plan. 4) preparation and adoption of the annual inbc operating and capital budget. B) bsi reserves the right of final approval of the following actions and inbc will give advance notice prior to taking any of the following actions: 1) changes to the inbc mission statement. 2) changes to the inbc articles of incorporation. 3) changes to the inbc bylaws. 4) establishment of any joint ventures, mergers, partnerships, subsidiaries and affiliations between inbc and any other organization. 5) decisions related to the hiring and termination of the inbc president and ceo. 6) approving the incurrence or refinancing of debt of inbc in excess of $100,000 in the aggregate, other than in the ordinary course of business. 7) approving any sale of inbc assets in excess of $100,000 in the aggregate, other than in the ordinary course of business. C) bsi reserves the right to select the inbc independent auditors (external and internal).”

“The board of trustees terminated with the dissolution of the entity. The cfo and president/ceo of the organization into which the entity was merged (blood systems, inc.) reviewed the draft final form 990 and all schedules prior to filing with the irs.”

“Directors, trustees and key employees are required to annually review and sign off on the conflict of interest policy and complete a form describing any situations that could result in a conflict of interest. The board chair reviews all the conflict of interest statements and these are maintained with the board records.”

“THE COMPENSATION AND BENEFITS OF INBC'S PRESIDENT AND CEO are DEVELOPED BY THE PERSONNEL AND EXECUTIVE COMMITTEE OF THE INBC BOARD OF DIRECTORS FOLLOWING INBC'S EXECUTIVE COMPENSATION AND BENEFITS PHILOSOPHY AND ARE APPROVED BY THE FULL BOARD OF DIRECTORS. THE PROGRAM IS DESIGNED TO BE COMPETITIVE WITH OTHER HIGH-QUALITY BLOOD CENTERS OF SIMILAR SIZE AND COMPLEXITY FROM ACROSS THE COUNTRY, INCLUDING THE NORTHWEST REGION OF THE UNITED STATES, AND TO REFLECT THE MEDIAN (50%) OF THE PEER GROUP. TOTAL COMPENSATION COMPONENTS INCLUDE BASE SALARIES, VARIABLE INCENTIVE PAY AND BENEFITS POSITIONED AT THE MEDIAN OF THE PEER GROUP. BASE SALARIES ARE REVIEWED AND APPROVED ANNUALLY BY THE BOARD OF DIRECTORS. SALARY RANGE ADJUSTMENTS ARE BASED ON THE VALUE EACH POSITION CONTRIBUTES TO INBC AND RECOGNITION OF THE LEVEL OF ACCOUNTABILITY, CONTRIBUTION AND EXPERIENCE REQUIRED FOR EACH POSITION. THE COMPENSATION REVIEW PROCESS WAS LAST COMPLETED IN THE FALL OF 2015.”

“Governing documents, conflict of interest policy and financial statements are made available to the general public upon request.”

“TRANSFER OF NET ASSETS to BSI DUE TO MERGER $(18,348,670)”