Newyork-Presbyterianbrooklyn Methodist

“NYP community programs, inc., a new york not for profit corporation, is the sole member of the Newyork-presbyterian/brooklyn methodist hospital.”

“THE MEMBER HAS THE RIGHT TO APPOINT THE BOARD OF Directors, PURSUANT TO THE bylaws. IN ADDITION TO THOSE RIGHTS POWERS AND AUTHORITY VESTED IN THE MEMBER, IN ITS CAPACITY AS THE SOLE MEMBER OF THE CORPORATION, BY THE BYLAWS OF THE CORPORATION AND BY NON PROFIT CORPORATE LAW (NPCL) AND OTHER APPLICABLE LAW, THE MEMBER IN ITS CAPACITY AS THE ESTABLISHED CO-OPERATOR OF THE CORPORATION LICENSED UNDER ARTICLE 28 OF THE NEW YORK STATE PUBLIC HEALTH LAW, SHALL HAVE THE FOLLOWING RIGHTS, POWERS AND AUTHORITY RELATIVE TO THE CORPORATION. SUCH POWERS INCLUDE ADAPTION/APPROVAL OF; OPERATING BUDGET, OPERATING POLICIES, INDEBTEDNESS, CONTRACTS, ETC.”

“Finance coordinated and completed all of the information required for form 990 accessing various resources including legal, human resources, development, and other departments as needed. Senior finance executives complete a review of the return in conjunction with Ernst & Young U.S. LLP, paid preparer, prior to submission to the chairman of the Audit and Corporate Compliance Subcommittee of the NYPH System Strategy Committee. The chairman of the Audit and Corporate Compliance Subcommittee of the NYPH System Strategy Committee conducts a detailed review. Upon completion of the audit chairman's review and approval, the 990 is made available to the governing body preceding the filing. NewYork-Presbyterian/Brooklyn Methodist Hospital files the 990 upon final approval.”

“NewYork-Presbyterian/Brooklyn Methodist adheres to a conflict of interest (coi) policy that was approved by the audit and corporate compliance committee of the board of trustees. The policy states in part: "Each Board Member, Officer or Key Person of a New York-Presbyterian Organization shall complete a conflict of interest questionnaire prior to becoming a Board Member, Officer or Key Person of the New York-Presbyterian Organization and annually thereafter." The policy also states that "each Board Member, Officer, or Key Person shall promptly advise the Chief Executive Officer of the New York and Presbyterian Hospital, or his or her designee, of any changes to the information provided in that individual's last completed conflict of interest questionnaire." The Chief Executive Officer of the New York and Presbyterian Hospital, or his or her designee, shall review all completed questionnaires and all subsequent advice of changes and shall take such action as is deemed appropriate to eliminate potentials for conflicts of interest, including such steps as reassignment of responsibilities or establishment of protective arrangements. All disclosures of interests in completed questionnaires or subsequent advice, unless clearly irrelevant or immaterial, shall be compiled and reported by management to the Audit and Corporate Compliance Committee, together, in each case, with response or recommendation of management. The Audit and Corporate Compliance Committee shall determine whether the reported resolution of issues raised by the disclosures is satisfactory and, if not, shall require such further action as it deems appropriate.”

“Compensation decisions for the President and officer not paid by the organization was determined by a related organization following that organization's compensation policy. The organizations President and officer have no influence over the compensation process performed by the related organization. Compensation decisions for the Key employees and officers compensated by the organization was reviewed and approved by the Board of Directors of NYP Community Programs, Inc.(board). The board members are independent of the hospital and its management team and there are no conflicts of interest. The board is responsible for overseeing executive compensation policies and practices, and for setting and approving compensation for the hospitals senior management. The board members have engaged an independent third-party expert to provide objective advice and relevant industry and marketplace benchmarks for compensation. The board assesses total compensation for senior management. All senior management compensation is approved by the board without input or voting participation by persons whose compensation is being approved or by any other individual with a conflict of interest.”

“External requests for our governing documents, conflict of interest policy, and financial statements are reviewed for validity. These requests are then granted if deemed appropriate.”

“Change in minimum pension liability: $9,397,666. Equity in income on alternative investment: $2,245,247. Investment return of captive insurance companies: $33,384,868. Total = $45,027,511.”