Cape Regional Medical Center Inc

“Cooper university health cape regional, inc. Is the sole member of this organization. Cooper university health cape regional, inc. Has the right to elect the members of this organization's board of trustees and has certain reserved powers as defined in this organization's bylaws.”

“Cooper university health cape regional, inc. Is the sole member of this organization. Cooper university health cape regional, inc. Has the right to elect the members of this organization's board of trustees and has certain reserved powers as defined in this organization's bylaws.”

“Cooper university health cape regional, inc. Is the sole member of this organization. Cooper university health cape regional, inc. Has the right to elect the members of this organization's board of trustees and has certain reserved powers as defined in this organization's bylaws.”

“The organization is an affiliate within cooper university hospital cape regional, inc. And affiliates; a tax-exempt integrated healthcare delivery system ("system"). Cooper university hospital cape regional, inc. Is the tax-exempt parent entity of the system. Cooper university hospital cape regional, inc. Has an executive committee ("committee"). This organization's federal form 990 was made available to the committee, prior to filing with the internal revenue service ("irs"). The cooper university hospital cape regional, inc. Committee has assumed the responsibility to oversee and coordinate the federal form 990 preparation, review and filing process for all tax-exempt affiliates of the system. As part of the organization's federal form 990 tax return preparation process the organization hired a professional services firm with experience and expertise in both healthcare and not-for-profit tax return preparation to prepare the federal form 990. The professional services firm's tax professionals worked closely with the organization's finance personnel and system individuals ("internal working group") to obtain the information needed in order to prepare a complete and accurate tax return. The the professional services firm prepared a draft federal form 990 and furnished it to the organization's internal working group for review. The organization's internal working group reviewed the draft federal form 990 and discussed questions and comments with the the professional services firm. Revisions were made to the draft federal form 990 where necessary and a final draft was furnished by the the professional services firm to the organization's internal working group for final review and approval. Following this review, the form 990 was then presented to the system's committee, prior to filing with the irs.”

“The filing organization is the parent entity in the cooper health system. The organization regularly monitors and enforces compliance with its conflict-of-interest policy. Included within the annual conflict of interest questionnaire, required of all members of the board of trustees, officers, and senior management, is an attestation that they have reviewed the existing conflict of interest policy. In addition, in the past, a separate questionnaire was issued to address questions from the irs form 990. For tax year 2024, the organization piloted a questionnaire which incorporated questions from the irs form 990 into the annual conflict of interest questionnaire, rather than requesting trustees, officers and key employees to complete separate questionnaires. The completed questionnaire is returned to the compliance office and reviewed by the compliance and legal departments. Responses, including potential for risk, is presented annually to the audit/ethics & compliance committee of the cooper board of trustees for their review, discussion and concurrence. Potential or actual disclosures during the year, which rise to the level of audit/ethics review, are brought to their attention no later than quarterly by the general counsel. A special meeting of audit/ethics would be held should it be necessary. Any person with a conflict is advised to, and expected to, recuse themselves from any discussion, deliberation and determination regarding the conflicted transaction. This recusal is reflected in the meeting minutes.”

“The organization is an affiliate within cooper university hospital cape regional, inc. And affiliates; a tax-exempt integrated healthcare delivery system ("system"). Cooper university hospital cape regional, inc. Is the tax-exempt parent entity of the system. Cooper university hospital cape regional, inc's board of trustees has an executive evaluation and 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 cooper university hospital cape regional, inc.'s senior management, including the president/chief executive officer and vice president of finance/chief financial officer. The committee reviews the "total compensation" of the individuals which is intended to include both current and deferred compensation 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" of senior management of the organization is reasonable. The actions taken by the committee enable the organization to receive the rebuttable presumption of reasonableness for purposes of internal revenue code 4958 with respect to the total compensation of certain members of the senior management team, including the resident/chief executive officer and vice president of finance/chief financial officer. The three factors which must be satisfied in order to receive the rebuttable presumption of reasonableness are the following: 1. The compensation arrangement is approved in advance by an "authorized body" of the applicable tax-exempt organization which is composed entirely of individuals who do not have a "conflict of interest" with respect to the compensation arrangement; 2. The authorized body obtained and relied upon "appropriate data as to comparability" prior to making its determination; and 3. The authorized body "adequately documented the basis for its determination" concurrently with making that determination. The committee is comprised of members of the board of trustees each of who are independent and are free from any conflicts of interest. The committee relied upon appropriate comparable data; specifically the committee obtained a written compensation study from an independent firm which specializes in the reviewing of hospital and healthcare system executive compensation and benefits throughout the united states. This study used comparable geographic and demographic market data including but not limited to similar sized hospitals, number of licensed beds and net patient service revenue. The committee adequately documented its basis for its determination through the timely preparation of written minutes of the compensation committee meetings during which the executive compensation and benefits was reviewed and subsequently approved. The actions outlined above with respect to the committee and the establishment of the rebuttable presumption of reasonableness only applies to certain senior management personnel including, but not limited to, the president/chief executive officer and vice president of finance/chief financial officer. The compensation and benefits of certain other individuals contained in this form 990 are reviewed annually by the president/chief executive officer with assistance from organization's human resources department in conjunction with the 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.”

“Pursuant to state of new jersey p.l. 2019, chapter 513, (which was effective on july 21, 2020), and amended p.l. 2008, chapter 58 (c.26:2h-5.1b), this organization has posted on its website a copy of this internal revenue service (irs) form 990 and all schedules and supporting documentation required to be submitted to the irs in conjunction with the form 990 with the exception of those schedules not open for public inspection. Said form 990 was posted by the organization after filing its form 990 with the irs.”

“The organization's filed certificate of incorporation and any amendments, bylaws, and conflict of interest policy can be viewed on the organization's website.”

“The organization is an affiliate within cooper university health cape regional, inc. And affiliates; a tax-exempt integrated healthcare delivery system ("system"). Cape regional health system, inc. Is the tax-exempt parent entity of the system. Certain board of trustee members and officers 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 system. 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 in the system, 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 core form, 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 cooper university health cape regional, inc. And affiliates; not solely this organization.”

“Form 990, general information: effective july 1, 2024, the filing organization's sole member, cooper university health cape regional, inc., previously known as cape regional health system, inc., and its affiliates became a part of the cooper health system, inc. A new jersey non-profit health system (dba: cooper university health care) ("cooper") ein: 21-0634462. Cooper is now the sole member of cooper university health cape regional, inc.”

“Net assets released from donor restriction for operations -5,308,911. Net asset transfer -8,326,754. Net asset transfer 2,935,423. Contributions for capital acquisitions 4,633,523. Change in pension benefit obligation 256,482. Net periodic pension cost and settlement charge -55,716. Unrestricted na entry for acquisition 67,944,656. Restricted na entry for acquisition 2,935,422. Operating fund balance account 1,296,754. Other changes in net assets 5,112,269.”

“The organization is an affiliate within cooper university health cape regional, inc. And affiliates; a tax-exempt integrated healthcare delivery system ("system"). As a result of federal awards received, the organization was included in a system wide consolidated audit as set forth in the uniform guidance, 2 c.f.r., part 200, subpart f. The system engaged an independent accounting firm to prepare and issue the uniform guidance audit.”