Deborah Cardiovascular Group P C

“Deborah cardiovascular group, p.c. Is an affiliate of the deborah heart and lung center ("dhlc"); a tax-exempt integrated healthcare delivery system. This organization is a supporting organization of dhlc, an internal revenue code section 501(c)(3) tax-exempt hospital. Although this federal form 990 shows no independent board of directors under the new internal revenue service definitions; this organization acts in a charitable tax-exempt manner for purposes of internal revenue code section 501(c)(3) and is controlled by dhlc; which is governed by a board whose majority is comprised of independent voting members.”

“Deborah heart and lung center ("dhlc") is the sole member of this organization which exists through a physician nominee agreement due to state of new jersey corporate practice of medicine prohibitions. Dhlc has the right to elect the members of this organization's board of trustees and has certain reserved power as defined in the organization's bylaws.”

“The organization's federal form 990 was provided to each voting member of its governing body (its board of trustees) prior to filing with the internal revenue service ("irs") and after presentation and review by the deborah heart and lung center's audit committee. As part of the organization's federal form 990 tax return preparation process, the organization hired a professional cpa firm with experience and expertise in both healthcare and not-for-profit tax return preparation to prepare the federal form 990. The cpa firm's tax professionals worked closely with the organization's finance personnel and internal working group of the organization to obtain the information needed in order to prepare a complete and accurate tax return. The cpa firm prepared a draft federal form 990 and furnished it to the organization's finance personnel and internal working group for their review. The organization's finance personnel and internal working group reviewed the draft federal form 990 and discussed questions and comments with the cpa firm. Revisions were made to the draft federal form 990 where necessary and a final draft was furnished by the cpa firm to the organization's finance personnel and internal working group for final review. Following this review, the final form 990 was presented to the members of the deborah heart and lung center audit committee for review and thereafter provided to each voting member of this organization's governing body prior to filing with the irs.”

“The organization regularly monitors and enforces compliance with its conflict of interest policy. Annually all members of the board of trustees and employed physicians are required to review the existing conflict of interest policy and complete a questionnaire. The completed questionnaires are returned to the organization's executive director for review. Thereafter, the executive director reviews the questionnaires and maintains records of completed questionnaires.”

“THE ORGANIZATION IS AN AFFILIATE OF THE DEBORAH HEART AND LUNG CENTER. CERTAIN OFFICERS AND EMPLOYEES OF DEBORAH MAY BE OFFICERS OR DIRECTORS OF THIS ORGANIZATION. No trustee or officer is paid a salary. However, for employed physicians and highly compensated employees, the DCG Board follows the Internal Revenue Service Guidelines for rebuttable presumption of reasonableness for purposes of IRS code section 4958 in its evaluation and decision-making. This process occurs annually and includes not only base compensation but also other direct and indirect compensation provided (including employee benefits). 1. THE COMPENSATION AND BENEFIT ARRANGEMENTS ARE APPROVED IN ADVANCE BY THE COMMITTEE, NONE OF WHOM HAVE A "CONFLICT OF INTEREST" WITH RESPECT TO THE COMPENSATION ARRANGEMENT; 2. THE COMMITTEE RELIES UPON APPROPRIATE COMPARABLE EXTERNAL AND INTERNAL COMPENSATION DATA PRIOR TO MAKING ITS DETERMINATION. THIS DATA IS UPDATED EACH YEAR BY UTILIZING GENERALLY PUBLISHED SURVEYS, DATA PROVIDED BY HEALTH CARE ASSOCIATIONS, AND INFORMATION GLEANED FROM NEWSPAPER ARTICLES AND OTHER SOURCES AND IS FURTHER SUPPLEMENTED BY PROFESSIONAL ORGANIZATIONS RETAINED FOR THIS PURPOSE NO LESS THEN EVERY THREE YEARS, AND REFLECTS COMPARABLE FACTORS, INCLUDING BUT NOT LIMITED TO GEOGRAPHY, BED SIZE, COMPLEXITY, REVENUE, ETC. 3. THE COMMITTEE DOCUMENTS THE BASIS FOR ITS DETERMINATIONS IN TIMELY, FORMAL MEETING MINUTES. THE COMPENSATION AND BENEFITS OF THE ONLY INDIVIDUAL CONTAINED IN THIS FORM 990, SCHEDULE J, IS REVIEWED BY THE RELATED ORGANIZATION AS IT IS THE PAYEE FOR THAT INDIVIDUAL'S SALARY. THIS IS REVIEWED BY THE VICE PRESIDENT OF HUMAN RESOURCES AND BENCHMARKED AGAINST THIRD PARTY SOURCES UPON CONTRACT RENEWAL OR AS OTHERWISE APPROPRIATE TO ENSURE THAT REASONABL AND FAIR MARKET VALUE COMPENSATION IS PAID BY THE CENTER.”

“The organization's filed certificate of incorporation and any amendments can be obtained and reviewed through the state of new jersey department of the treasury.”

“Part vii and schedule j reflect certain board members and officers receiving compensation and benefits from a related organization. Please note this remuneration was for services rendered as full-time employees of the related organization and not for services rendered as a voting member or officer of this organization's board of trustees.”

“This organization is part of deborah heart and lung center; a tax-exempt integrated healthcare delivery system ("system"). The system includes both for-profit and not for-profit organizations. Certain board of trustee members, officers and/or directors listed on core form, part vii and schedule j of this form 990 may hold similar positions with both this organization and other affiliates within the system. The hours reflected on part vii of this form 990, for board members who receive compensation for services rendered in a non-board capacity and paid officers, reflect total hours worked per week on behalf of the system; not solely this organization.”

“The organization was incorporated on november 1, 2002. Pursuant to state of new jersey corporate practice of medicine prohibition rules and regulations, the organization was structured as a for-profit corporation the shares of which are held in a nominee capacity. The organization filed a form 1120 annually from 2012 through the year ended december 31, 2014. During 2014 the organization amended certain of its organizational documents; its bylaws and certificate of incorporation, to reflect its true not for-profit stature. Accordingly, the organization filed a form 1023, application for recognition of exemption under section 501(c)(3) of the internal revenue code, requesting tax-exempt status. The internal revenue service approved the organization's form 1023 and granted it tax-exempt status as a supporting organization of deborah heart and lung center; a related internal revenue code section 501(c)(3) tax-exempt hospital. The organization is filing its initial form 990 for the year ended december 31, 2015.”