Blood Bank Real Property Inc

“The organization has one member, blood bank of hawaii. Upon the dissolution of blood bank real property, inc., any remaining assets will be transferred to blood bank of hawaii or its successor or if not in existence at the time of dissolution, to another company then qualified as an exempt organization under internal revenue code section 501(c)(3).”

“The board of directors has delegated the review and approval of the form 990 to a form 990 review committee comprised of the president, vice-president and treasurer. A draft of the form 990 is initially reviewed by the vice-president before presenting to the review committee for approval. Subsequently, a copy of the form is sent to each member of the full board of directors for final review and approval prior to filing.”

“The conflict of interest policy applies to all covered persons (i.e. Board members and officers). Any actual or potential conflicts are disclosed via written communication to the board member/officer and the president. The procedure for addressing any conflicts of interest include, but is not limited to, the following: 1) the conflicting interest is fully disclosed to the president, however, if the president is in the conflict of interest, the conflicting interest is disclosed to the board; 2) the interested person responds to factual questions related to the substance of the transaction or arrangement being considered and shall subsequently leave the meeting; 3) the person with the conflict is recused from the discussion and approval of such transaction; 4) alternatives to the proposed transaction are investigated, competitive bids or comparable valuations are obtained.”

“The organization does not compensate its governing body including its officers and does not have any key employees.”

“UPON REQUEST.”

“Kim-anh t. Nguyen, vice president/director, devoted an average of 40 hours per week to blood bank of hawaii, a related organization.”

“This process has not changed from the prior year.”