Fojp Service Corporation

“Fojp's board is comprised of representatives of the mount sinai health system ("mt. Sinai"), montefiore medical center ("montefiore") and maimonides medical center ("maimonides"). Each of the hospitals is entitled, but not required, to elect three directors. In addition, each hospital shall be entitled to appoint one or more non-voting observers. The board must consist of at least 6 directors, which serve for one-year terms. Directors are elected at each annual hospital meeting and may serve consecutive terms. Form 990, part vi, section b, line 11: the tax return is prepared internally and a detailed review is performed by the cfo and vp of finance. A copy of the tax return is provided to the board of directors prior to filing. Ernst & young, llp reviews in detail the entire return. The audit committee and the executive committee are provided with a copy of the tax return, prior to filing. Form 990, part vi, section b, line 12c: fojp service corporation has a code of ethics/conflict of interest policy requiring all employees and board members to review and complete a notification of compliance form. Officers and directors are asked to acknowledge their compliance with the policy and/or disclose any potential conflicts each year. The forms are reviewed on behalf of the audit committee of the board of directors and any disclosed conflict of interests are reviewed and escalated as appropriate. Form 990, part vi, section b, line 15: fojp service corporation hired an independent compensation consultant to produce a salary survey in 2019. Fojp service corporation set compensation for senior management within the range of the going market rate for functionally comparable positions held by individuals with similar experience levels at similarly situated organizations. The documentation of the survey is maintained in fojp service corporation's records. The compensation committee reviews and approves the senior management's compensation. Fojp's conflict of interest policy would preclude any individuals having a conflict of interest from being involved in determining compensation. Form 990, part vi, section c, line 19: the company's governing documents, conflict of interest policies and financial statements may be available to members of the public. The form 990 is made available to the public without exception.”

“Fojp provides risk management and insurance services to certain of the beneficiary organizations of uja-federation of new york ("uja-federation"), all of which are 501(c)(3) institutions. These supported institutions include long-term care facilities, social service agencies, and hospitals. Fojp's risk management and insurance services are provided through the following programs: (i) professional and general liability insurance services for hospitals and their employed physicians that would otherwise have to be performed as internal activities by the hospitals; (ii) general liability and professional liability insurance services for the social service agencies that would otherwise have to be performed as internal activities by the social service agencies; (iii) group and individual entity commercial property and liability insurance services for all beneficiary organizations that would otherwise have to be performed as internal activities by the beneficiary organizations; and (iv) management and claims services for hospitals insurance company, inc. ("hic") a related organization, which is a new york domiciled insurance company that principally writes physician medical malpractice insurance that is controlled by the mount sinai hospital ("mt. Sinai"), beth israel medical center ("beth israel"), montefiore medical center ("montefiore") and maimonides medical center ("maimonides") as of 12/31/19 all of which are supported institutions of fojp.”

“Transfer from client institutions $3,252,408”

“FOJP Service Corporation 2019 990 return is being amended to check the "Final return" box on Form 990 ITEM B since it was the final return.”