Bacharach Institute for Rehabilitation

“Philip j. Perskie, esq. And roy goldberg - family relationship.”

“The organization's federal form 990 was provided to each voting member of its governing body (its board of trustees) prior to filing with the internal revenue service ("irs"). As part of the tax return preparation process the organization 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 of the organization ("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 organization's internal working group for their review. The organization's 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 organization's internal working group for final review and approval prior to presentation of the federal form 990 to organization's board of trustees and filing with the irs.”

“The organization regularly monitors and enforces 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 distributed by the president/chief executive officer. The completed questionnaires are returned to the president/chief executive officer for review. The president/chief executive officer discusses the completed forms with the executive committee of the board which then reports to the board of trustees, where necessary.”

“The organization's board of trustees appoints a compensation committee ("committee"). The committee has adopted a written executive compensation philosophy which it follows when it reviews and approves the compensation and benefits of the organization's senior management personnel. The compensation committee reviews the "total compensation" of the president/chief executive officer. The "total compensation" is intended to include both current and deferred compensation (if any) and all employee benefits, both qualified and non-qualified. The committee's review is done on at least an annual basis and ensures that the "total compensation" is reasonable. The compensation committee relied upon appropriate comparable data; specifically, the compensation committee obtained independent salary survey information furnished by an independent consultant 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 rehabilitation facilities, # of licensed beds and net patient service revenue. The compensation and benefits of all other individuals contained in this form 990 are reviewed annually by the president/chief executive officer with assistance from the organization's chief operating officer/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 the organization. Other objective factors include market survey data for comparable positions, individual goals and objectives, personnel reviews, evaluations, self-evaluations and performance feedback meetings.”

“Form 990 is available on guidestar.org.”

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

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

“Change in net assets of brh endownment 1,498,469.”

“The organization has prepared its financial statements on the liquidation basis of accounting effective january 1, 2023. Under this method, revenues are recorded when earned and expenses are recorded when liabilities are incurred. Revenues and expenses expected to be incurred in liquidation are recorded when there is a reasonable basis for their estimation.”