Greater New York Hospital Foundation Inc

“The following individuals have a business relationship with each other in so far as the persons listed are officers, employees and/or directors of the foundation and also of gnyha management corporation, an entity taxed as a corporation: steven j corwin; kenneth gibbs; mitchell katz; philip ozuah; jeffrey farber; david perlstein; patrick o'shaughnessy; donald boyd; michael dowling; richard davis; robert grossman; selwyn vickers; brendan carr; bryan t kelly; timothy johnson; kenneth e raske; lee h perlman.”

“The sole member of the organization is the greater new york hospital association ("gnyha"), an organization exempt from income tax under internal revenue code section 501(c)(6).”

“As the organization's sole member, gnyha has the right to vote on the election of the members of the board of directors.”

“The sole member must approve the election of the board of directors and any other action requiring members' approval as a matter of law.”

“The organization's form 990 return was prepared by the organization's finance department and an independent accounting firm. The organization's audit and compliance committee, which comprises four members of the organization's board of directors, reviewed the draft return at a committee meeting. The final form 990 was provided to all members of the governing body by electronic means prior to the return being filed with the irs.”

“The organization administers an annual conflict of interest disclosure statement to executive employees, officers and directors of the organization. The audit & compliance committee is responsible for reviewing and monitoring any potential conflicts. Additionally the audit & compliance committee meets throughout the year to review ongoing administration and implementation of the conflict of interest policy. A member of the governing body who has a conflict is required to recuse himself or herself from any discussion relating to such conflict.”

“Compensation of the organization's executive director and other officers is established by the compensation committee of greater new york hospital association, whose members, likewise, also serve on the foundation's board of directors or as officers of the foundation. The association, as noted in form 990, part vi, line 7, is the foundation's sole voting member. Gnyha's compensation committee, composed of independent persons, reviewed and approved the compensation of the organization's officers. With respect to 2024 compensation and certain bonus arrangements, to assist and support the review and decision-making process, gnyha engaged an outside consultant to collect and analyze comparability data and other information and make recommendations to the compensation committee. The decisions as well as the decision-making process of the committee were documented contemporaneously. All officers' compensation and benefits are paid by a related organization, gnyha management corporation.”

“The foundation's form 990 is publicly available on various websites, including guidestar, propublica and irs.gov; its governing documents, conflict of interest policy, and financial statements are available in the foundation's main office and will be provided upon request in a timely manner.”

“The greater new york hospital foundation is the not-for-profit 501(c)(3) affiliate of the greater new york hospital association (gnyha), an organization exempt from income tax under irc section 501(c)(6). The foundation was created to assist healthcare providers in their delivery of services to the community, including patients and the public at large, all by such means as shall from time to time be found appropriate and as are lawful for a not-for-profit corporation, including, without limitation, the development of educational programs, the undertaking of quantitative analyses and other studies, the granting of financial aid and the creation of funds to provide recognition and/or financial support to individuals who deliver care and/or their families for extraordinary services rendered.”

“Scan me academy educational consulting: program service expenses 237,901. Total expenses 237,901.”