Martin & Edith Stein Hospice a Nj Nonprofit Corporation

“The oscar and ella wilf campus for senior living, inc. Is the sole member of the organization.”

“The president of the member has the right to appoint members of the board of trustees.”

“The member has board authority to act on behalf of the organization.”

“Once the draft 990 is reviewed and approved by the audit committee, every member of the board of trustees is provided with the 990 at least 7 days prior to the board meeting at which it will be reviewed and considered for acceptance. At that meeting, a full review and discussion, including responding to any questions a trustee may ask, takes place. If and when all participating trustees are comfortable with and understand the content of the 990, they are asked to pass a resolution to accept and file the 990 as presented.”

“Annually all officers, directors, trustees and key employees receive a conflict of interest policy to be reviewed and returned by january 31st. The president of the board and cfo review and bring any conflicts to the executive committee for consideration. The executive committee reviews all disclosed conflicts, makes a determination as to the potential significance of each conflict, and if necessary makes the decision of how to negate each conflict. An interested person may make a presentation at the governing board or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. The chairperson of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the governing board or committee shall determine whether the organization can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the organization's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it shall make its decision as to whether to enter into the transaction or arrangement.”

“Annually, the executive committee reviews the compensation package for the ceo, cao and the executive directors for each entity based upon compensation paid by comparable organizations for comparable positions. Also the professional service agreement for the consulting cfo is reviewed and renewed annually based upon comparable cfo salaries. This process is documented in the executive committee based upon recordings of those meetings. The process was last done in november 2016 for compensation adjustments effective on jan 1, 2017.”

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