| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 3 | HEALTHCARE SUPPLY CHAIN ASSOCIATION (HSCA) HAS ENTERED INTO A MANAGEMENT CONTRACT WITH VENN STRATEGIES. THE BOARD OF DIRECTORS OVERSEES OPERATIONS HANDLED BY VENN STRATEGIES. HSCA PAID $447,939 TO VENN STRATEGIES FOR THE PRESIDENT/CEO'S ROLE, AND $122,025 FOR THE EXECUTIVE DIRECTOR'S ROLE WITH THE ORGANIZATION. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION HAS REGULAR MEMBERS AND HONORARY MEMBERS. A REGULAR MEMBER SHALL BE AN ORGANIZATION ENGAGED IN THE ESTABLISHMENT OF GROUP PURCHASING CONTRACTS FOR THE ACQUISITION OF PRODUCTS AND SERVICES FOR OWNED, MEMBER OR AFFILIATED HEALTH PROVIDER ORGANIZATIONS. HONORARY MEMBERSHIP SHALL BE COMPRISED OF PERSONS OR ORGANIZATIONS THAT THE ASSOCIATION RECOGNIZES AS HAVING RENDERED SPECIAL SERVICE TO GROUP PURCHASING ACTIVITIES, TO THE INDUSTRY OR TO THE ASSOCIATION. ONLY REGULAR MEMBERS HAVE VOTING RIGHTS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE ORGANIZATION HAS MEMBERS WHO ELECT THE MEMBERS OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION A, LINE 7B | DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY THE MEMBERS WHO ELECTED THEM. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS REVIEWED BY THE CEO BEFORE IT IS SIGNED AND FILED WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE BOARD OF DIRECTORS ARE GIVEN A CHANCE TO DISCLOSE CONFLICTS OF INTERESTS AT THE BEGINNING OF EACH BOARD MEETING. THE BOARD CHAIR MONITORS COMPLIANCE WITH THE POLICY. |
| FORM 990, PART VI, SECTION C, LINE 19 | THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART IX, LINE 11G | CONSULTING 776,672. |
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