Combined Coordinating Council Inc

“As an organization described in irc sections 501(c)(3) and 501(e), the combined coordinating council (ccc) is organized and operated on a cooperative basis. Any net earnings are reflected as due to its member hospitals on the basis of services performed for them. As of the end of each taxable year, ccc holds certain funds for the accounts of others. These amounts represent amounts received by ccc in its capacity as an agent for its member hospitals. Such funds paid to the council are utilized to pay the member hospitals' program expenses.”

“The council is exempt from federal income taxes, pursuant to section 501(c)(3) of the internal revenue code. The council is also exempt from state income taxes. The council is subject to the provisions of the fasb's accounting standards codification ("asc") topic 740, income taxes relating to accounting and reporting for uncertainty in income taxes, which sets forth a threshold for financial statement recognition, measurement and disclosure of a tax position taken, or expected to be taken, on a tax return. Such guidance requires the council to determine whether a tax position of the council is more likely than not to be sustained upon examination by applicable taxing authority based on technical merits of the position. Examples of tax positions include the tax-exempt status of the council and various positions related to the potential sources of unrelated business taxable income. The tax benefits recognized in the financial statements from a tax position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. There were no unrecognized tax benefits identified or recorded as liabilities for fiscal years 2025 and 2024.”

“The council bills the member hospitals a management fee based on expected utilization of council personnel. The cumulative difference between all management fees, net of amounts reserved for uncollectible receivables, plus interest, and miscellaneous income and over/under operating expenses incurred is recorded as due to/from hospitals. In its capacity as trustee, the council bills the ccc self-insurance trust and the long island college hospital medical malpractice trust for administrative services that it provides. Administrative services of $361,318 and $319,202 for the years ended june 30, 2025 and 2024 were recorded as management fees in the accompanying statement of activities, respectively.”