Bi Nursing Home Company

“The organization has a single corporate member, bimc holding corporation, which is a not-for-profit corporation.”

“The sole corporate member elects the governing body of the organization.”

“The member must approve any amendments to the bylaws of the organization.”

“The finance department gathered the relevant information and prepared the tax returns. The tax department of our outside auditors, ernst & young (ey), participated in the preparation of, and reviewed, all tax returns. A questionnaire was circulated to all trustees, directors, officers and key employees in order to elicit the information required to be reported on the tax returns. The trustee conflicts of interest review committee reviewed the responses provided by trustees and certain officers in the questionnaires and assessed additional pertinent facts gathered by the institution in order to evaluate the applicability of irs reporting requirements. The review committee then determined the appropriate trustee (and certain officer disclosures that should be made on form 990 based on the recommendations of the finance department, the general counsel's office and the audit and compliance department. These recommendations were reviewed and approved by ey. The same process was conducted by the finance department, the general counsel's office, the audit and compliance department and ey with respect to the questionnaires submitted by other officers and key employees. The audit and compliance committee of the board of trustees conducted a review of the entire tax return, with the participation of ey, the finance department, the general counsel's office, and the audit and compliance department. The audit committee approved the tax returns as presented. The audit committee's report of its review of the tax returns and its recommendation to file the returns were presented to, and accepted by, the executive committee of the board of trustees (the "executive committee"). In addition to authorizing the filing of the tax returns, the executive committee directed that the returns, which will be filed on or before november 15, 2024, be provided to all trustees via the trustees' confidential website, and those returns were so provided before being filed.”

“Compliance with the organization's business conflicts of interest policy (the "policy") is required of trustees, employees, medical staff and non-employee members of institutional committees and includes an ongoing duty to disclose potential conflicts. Compliance with the policy is monitored and enforced regularly and consistently. All disclosures with the potential for conflict are reviewed by an appropriate committee where they are carefully evaluated. When appropriate, a plan, which may involve measures including, but not limited to, recusal from participating in affected transactions, is developed to manage the potential conflict.”

“The organization makes its business conflicts of interest policy available on its website (www.mountsinai.org) and makes its governing documents and financial statements available upon request.”