Sharing Network Management Company Inc.

“The organization is the parent organization of the sharing network management company, inc. And subsidiaries ("network"); a tax-exempt healthcare related network. The organization's federal form 990 was provided to the organization's governing body, its board of trustees, prior to filing of the federal form 990 with the irs. As part of the tax return preparation process the organization hired a professional cpa firm with experience and expertise in both healthcare and not-for-profit tax return preparation to prepare the federal form 990. The cpa firm's tax professionals worked closely with the organization's finance personnel and various other individuals of the organization to obtain the information needed in order to prepare a complete and accurate tax return. The cpa firm prepared a draft federal form 990 and furnished it to the organization's finance personnel and other individuals for their review. The organization's finance personnel and other individuals reviewed the draft federal form 990 and discussed questions and comments with the cpa firm. Revisions were made to the draft federal form 990 where necessary and a final draft was furnished by the cpa firm to the organization's finance personnel and various other individuals for final review and approval prior to presentation of the federal form 990 to the organization's board of trustees prior to filing with the irs.”

“The organization is the parent organization of the sharing network management company, inc. And subsidiaries network ("network"). The organization and the network regularly monitor and enforce compliance with its conflict of interest policy. Annually all members of the board of trustees, officers and senior management personnel are required to review the existing conflict of interest policy and complete a questionnaire. The completed questionnaires are returned to the organization and the network's chief compliance officer for review. Thereafter, if applicable, the network's chief compliance officer prepares a summary of the completed questionnaires which contains information disclosed on an individual by individual basis. If applicable, the president/ceo and chief compliance officer present this summary to the organization's executive committee for their review and discussion.”

“The organization is an affiliate in a tax-exempt healthcare related network. This filing organization itself has no paid senior management personnel receiving compensation directly from this organization. Rather, key senior management personnel, including the president/chief executive officer are employed by the new jersey organ and tissue sharing network, inc. ("njotsn"); a related tax-exempt organization. The njotsn's board of trustees reviews and approves of the compensation and benefits of the organization's president/chief executive officer. The board of trustees reviews the "total compensation" of the president/chief executive officer. The review by the board of trustees is done on at least an annual basis and ensures that the "total compensation" is reasonable.the board of trustees relied upon appropriate comparable data; specifically the board of trustees obtained independent salary survey information and reviewed forms 990 of similar organizations throughout the united states. This included comparable geographic and demographic market data including but not limited to similarly sized organizations. The compensation and benefits of other individuals contained in this form 990 are reviewed annually by the president/chief executive officer with assistance from the organization's vice president of human resources in conjunction with each individual's job performance during the year and is based upon other objective factors designed to ensure that reasonable and fair market value compensation is paid by njotsn. Other objective factors include market survey data for comparable positions, individual goals and objectives, personnel reviews, evaluations, self-evaluations and performance feedback meetings. Njotsn maintains a performance management system for annual reviews; the performance management system tracks job descriptions, levels and highest and lowest compensation information for various positions and levels. The performace management system was implemented with the assistance of a major consulting firm with expertise in this area.”

“The organization's filed certificate of incorporation and any amendments can be obtained and reviewed through the state of new jersey department of the treasury.”

“Part vii and schedule j reflect certain board members and officers receiving compensation and benefits from this organization or a related organization. Please note this remuneration was for services rendered as full-time employees of the organization or a related organization and not for services rendered as a voting member or officer of this organization's board of trustees.”

“This organization is the parent organization in the sharing network management company, inc. And subsidiaries network ("network"); a tax-exempt healthcare related network. The network includes four not for-profit organizations. Certain board of trustee members, officers and/or directors listed on core form, part vii and schedule j of this form 990 may hold similar positions with both this organization and other affiliates within the network. The hours shown on this form, 990 for board members who receive no compensation for services rendered in a non-board capacity, represents the estimated hours devoted per week for this organization. To the extent these individuals serve as a member of the board of trustees of other related organizations in the network, their respective hours per week per organization are approximately the same as reflected in core form, part vii of this form 990. The hours reflected on part vii of this form 990, for board members who receive compensation for services rendered in a non-board capacity, paid officers and key employees, reflect total hours worked per week on behalf of the network; not solely this organization.”

“In august 2016, the financial accounting standards board ("fasb") issued accounting standards update ("asu") 2016-14, not-for-profit entities (topic 958) - presentation of financial statements of not-for-profit entities. Asu 2016-14 addresses the complexity and understandability of net asset classification, deficiencies in information about liquidity and availability of resources, and the lack of consistency in the type of information provided about expenses and investment return. Management has implemented asu 2016-14 and has adjusted the presentation in these financial statements accordingly. The asu has been applied retrospectively to all periods presented.”

“The taxpayer is the parent entity in a tax-exempt, healthcare related network. An independent cpa firm audited the consolidated financial statements of the taxpayer and all affiliates for the years ended december 31, 2018 and december 31, 2017; respectively and issued a consolidated financial statement with consolidating schedules by entity. An unmodified opinion was issued each year by the independent cpa firm. The new jersey organ and tissue sharing network, inc.'s finance committee assumes responsibility for oversight of the audit of its financial statements and the selection of an independent auditor.”