Mosholu Preservation Corporation

“The organization's chairman/director is not compensated by the organization or any related organization. All officers and non-independent directors are employed and paid by either montefiore einstein, inc. Or montefiore medical center. Montefiore einstein, inc. (which includes montefiore medical center) is committed to ensuring that its executive compensation program adheres to the highest standards of regulatory compliance and best corporate governance. The board of trustees has charged the compensation committee of the board (which is comprised of independent board members with no conflicts of interest in regards to executive compensation) with making all decisions related to compensation for officers and certain key employees of the health system. All decisions made by the compensation committee are appropriately and timely documented in in meeting minutes. The compensation committee's review process follows the intermediate sanctions guidelines for qualifying for the rebuttable presumption of reasonableness. The committee retains an independent compensation consultant to assist it with this process. Compensation levels are established considering data for comparable organizations, an assessment of management performance (including the services provided to the community), and other business judgment factors, consistent with montefiore's executive compensation philosophy. The committee's decisions are made in the best interest of montefiore and are intended to ensure the recruitment and retention of key executive talent, consistent with the market practices of other not-for-profit healthcare organizations of comparable scope, mission and complexity. On an annual basis, the committee provides the full board of directors with a description of the committee's review and approval process and its decisions.”

“Montefiore medical center has the authority to nominate a majority of the members of the governing body of mosholu preservation corporation.”

“The form 990 was prepared by the finance department of montefiore medical center. The form 990 was reviewed and approved by montefiore medical center's vice president - finance. An independent public accounting firm was engaged to review the form 990. Upon completion of the various reviews, the final form 990 was presented to the board of directors of mosholu preservation corpporation for final review and approval prior to filing.”

“The organization regularly and consistently monitors and enforces compliance with the conflict of interest policy by means of a survey that was developed by montefiore's counsel. Mosholu preservation corporation's board of directors adopted the policy of montefiore medical center. The policy stipulates that the general approach when a potential conflict of interest arises is to disclose the possible conflict to the compliance officer. The compliance officer will make every effort to provide guidance to permit resolution of any actual or potential conflicts of interest. The compliance officer will take appropriate actions, including advising mosholu preservation corporation's board of directors regarding particular conflicts of interest.”

“The conflict of interest policy, governing documents and financial statements are made available to the public upon request.”

“ALL OTHER REVENUE - Total Revenue: 72400, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 72400;”

“All employees are paid by montefiore medical center, ein 13-1740114, the common paymaster. Montefiore medical center issues all forms w-2 and files all federal employment tax returns relating to these individuals. Salaries are allocated to mosholu preservation corporation based on the individuals employed at this organization.”

“All employees benefit costs, including pension and payroll taxes, for the organization are charged to montefiore medical center. The medical center, in turn, assesses the organization for a composite rate based on salaries for all benefit costs. The organization's assessment for employee benefits is reflected on line 9, other employee benefits, of part ix that includes cost for both pension and payroll taxes.”