New Jersey Hospital Association

“The members of this organization consist of representatives from hospitals within the state of New Jersey. The board of trustees is elected by the member hospitals.”

“This organization's federal Form 990 was provided to each voting member of the organization's governing body, its board of directors, prior to filing with the Internal Revenue Service ("IRS"). As part of the organization's federal Form 990 tax return preparation process the system hired a professional certified public accounting ("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 ("internal working group") 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 internal working group for review. The internal working group 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 internal working group for final review and approval. Following this review, the Form 990 was then provided to the new jersey hospital association's audit and compliance committee and subsequently made available to each voting member of the organization's governing body prior to filing with the IRS.”

“IN ACCORDANCE WITH THE New Jersey Hospital Association ("NJHA") "CODE OF CONDUCT", ALL EMPLOYEES ARE REQUIRED TO REPORT ANY "CONFLICT OF INTEREST" (WHICH INCLUDES FAMILIAL OR BUSINESS RELATIONSHIPS WITH OTHER NJHA EMPLOYEES) TO THE NJHA COMPLIANCE OFFICER AND THEIR SUPERVISOR. THIS IS DONE ON A "SELF DISCLOSURE INCIDENT REPORTING FORM". ALL EMPLOYEES ARE REQUIRED TO ACKNOWLEDGE THEIR UNDERSTANDING OF THIS POLICY, IN WRITING, ON AN ANNUAL BASIS AS PART OF THEIR ANNUAL REVIEW PROCESS. ALL EMPLOYEES MUST ALSO ATTEND A MANDATORY "COMPLIANCE TRAINING" SESSION ANNUALLY. ADDITIONALLY, TRUSTEES MUST ALSO COMPLETE A "CONFLICT OF INTEREST" FORM ANNUALLY, DISCLOSING ANY POTENTIAL CONFLICTS. NJHA ALSO USES A "1-800" HOTLINE FOR CODE OF CONDUCT VIOLATION REPORTING.”

“Outside compensation consultants routinely review total compensation for the ceo, cfo and other senior management personnel with the executive compensation committe. Other members of upper management are periodically reviewed and assessed using data obtained via published surveys, written employment contracts and other external market data, internal equity concerns and relative performance concerns and relative performance.”

“The organization's GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. IN ADDITION, 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.”

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

“This organization is an affiliate within new jersey hospital association ("the association"). 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 of the association. The hours shown on this form 990, for board members who receive no compensation for services rendered in a non-board capacity, represent 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 of the association, 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 association; not solely this organization.”

“Expenses incurred and revenue earned in providing strategic initiatives, communications and member services, center for partnership transforming health, contracted legal services, Q3 subcontract, hospital preparedness program cooperative agreement, and aspr covid-19 response grant.”

“Cathleen d. Bennett serves as the president and chief executive officer of the new jersey hospital association and njha healthcare business solutions, inc.; A related organization. Accordingly, her common law employer/employee relationship is with both the new jersey hospital association (ein: 21-0618622) and njha healthcare business solutions, inc. (ein: 22-2325161). The new jersey hospital association and njha healthcare business solutions, inc. Each filed a 2024 federal form 4720 which included a remittance of excise tax related to ms. Bennett's compensation in excess of $1m.”

“OTHER CHANGES IN NET ASSETS OR FUND BALANCE INCLUDE: - MINIMUM PENSION LIABILITY ADJUSTMENT - $393,763; and - EQUITY EARNINGS OF SUBSIDIARY - $1,559,277.”

“An independent cpa firm audited the consolidated financial statements of new jersey hospital association and affiliates for the years ended december 31, 2024 and december 31, 2023; 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 Hospital Association's audit and compliance committee assumes responsibility for the oversight of the audit of the financial statements and the selection of an independent auditor.”

“This organization engaged an independent accounting firm to prepare and issue an audit under the single audit act and omb circular a-133.”

“Description:other professional fees total fees:1739864”