Blood Centers of the Pacific

“The executive committee shall be composed of one (1) or more individual(s) appointed by the member, two (2) or more members appointed by the board, and the president and chief executive officer of the corporation. All members of the executive committee shall be members of the board. The executive committee shall have the following responsibilities: - act on behalf of the board between meetings; - advise board on all significant matters of corporate business; - ensure that orders and resolutions of the board are carried through; - and establish executive compensation and when appropriate, determines/approves bonuses and other compensation packages for executive staff. Form 990, part vi, lines 6 the sole corporate member of blood centers of the pacific (bcp) is blood systems, inc. (bsi), a related tax-exempt organization.”

“As the sole corporate member, bsi can elect two members of the bcp board of directors and can accept or refuse individuals nominated by the bcp nominating committee.”

“In addition to the rights and powers afforded to bsi as the corporate member pursuant to california law, bsi has the following reserved rights: (a) accept or refuse individuals nominated by the nominating committee to serve on the board of directors of the corporation in accordance with section 6.3 of the bylaws; (b) appoint two (2) members of the board of directors and continually appoint such members' replacements to ensure that at all times the board of directors includes at least two (2) members appointed directly by the member; (c) hire and terminate the president and chief executive officer of the corporation; (d) approve the mission statement of the corporation; (e) approve amendments to the articles of incorporation and bylaws of the corporation; (f) approve any merger, joint venture, partnership, affiliation, or sale or purchase of assets to which the corporation is a party, which is not in the regular course of business of the corporation; (g) approve the formation of any subsidiary or affiliate of the corporation; (h) approve the annual capital and operating budgets of the corporation; (i) approve the corporation's incurrence or refinancing of debt in excess of $100,000, in the aggregate, in any fiscal year; and (j) select the independent financial accountants/auditors of the corporation.”

“A copy of the draft form 990 and schedules is supplied to all board members for their review and commentary prior to filing with the irs. An educational presentation is made to the finance and investment committee, which includes the chairman, vice chairman, secretary/treasurer, and five other members of the board to highlight key disclosures and information. In conjunction with this presentation, the finance and investment committee closely reviews the return and provides any questions/comments to management. After all comments/questions are addressed, the committee approves the return for filing and ernst & young, the paid preparer, incorporates any changes into the finalized return. The final draft form 990 is provided to the entire voting board prior to filing.”

“Each year, the board of trustees and senior management are requested to sign and return a conflict of interest form to company counsel. Any conflicts disclosed are discussed in executive session with the board and resolved. In addition, in preparation for the form 990 filing, the trustees, officers and key employees identified are required to respond to a comprehensive conflict of interest and family relationship questionnaire. Any conflicts disclosed are discussed with the board and disclosed appropriately on the form 990.”

“Bcp employs a multi-faceted approach and many resources in determining the compensation of its ceo. Bcp hr, in conjunction with bsi (its parent), utilizes independent compensation consultants as well as regional compensation and market surveys to obtain baseline data. Finally, bcp's executive committee, along with the hr director, reviews all of the data presented from internal and external sources to ascertain the appropriate and market-competitive compensation. The deliberations around compensation decisions are discussed annually at the may executive sessions. The minutes for these executive sessions are maintained by the board.”

“Bcp employs a multi-faceted approach and many resources in determining the compensation of its key employees. Bcp hr, in conjunction with blood systems, inc. (its parent), utilizes independent compensation consultants as well as regional compensation and market surveys to obtain baseline data. Finally, bcp's ceo, coo and hr director, review all of the data presented from internal and external sources to ascertain the appropriate market-competitive compensation. The deliberations around compensation decisions are discussed annually at the may executive sessions. The minutes for these executive sessions are maintained by the board.”

“As a non-profit organization, form 990 is available in its entirety to any individual or business that desires to examine it. All requests for review have been handled expeditiously to ensure that the requestors receive their desired information in a timely manner. The form 990 for current and past years is also posted on guidestar for organizations to access. The governing documents and conflict of interest policy are not made available to the public.”

“BLOOD CENTERS OF THE PACIFIC (BCP) VOLUNTEERS PROVIDE VITAL SUPPORT FOR PATIENTS. NOT ONLY DO VOLUNTEERS PROVIDE DIRECT SERVICES TO BLOOD DONORS, BUT VOLUNTEERS ALSO PLAY A CRITICAL ROLE IN SUPPORTING A VARIETY OF OUR OPERATIONS. BCP VOLUNTEERS WORK AT A DONATION CENTER OR BLOOD DRIVES, SERVE REFRESHMENTS AND MONITOR DONORS AFTER THEY HAVE GIVEN BLOOD, DELIVER BLOOD COMPONENTS TO LOCAL HOSPITALS, PROVIDE ADMINISTRATIVE SUPPORT, AND PROVIDE CLERICAL AND SOME TECHNICAL SUPPORT IN VARIOUS RESEARCH DEPARTMENTS. FORM 990, PART III, LINE 3 and FORM 990, PART VI, LINE 4 On January 1, 2016, Blood Systems, Inc. acquired BloodSource, INC., a California non-profit blood banking organization that is exempt from federal taxes under IRS Section 501(c)(3) located in Sacramento, California. Concurrent with this transaction, Blood Centers of the Pacific was merged into BloodSource, INC. and Blood Systems, Inc. became the sole corporate member of BloodSource, INC.”

“Pension expenses other than periodic cost $ (1,499,222) transfer of net assets due to merger $(24,535,225) ------------ total $(26,034,447) ============”