Monmouth Ocean Hospital Serv Corp

“The organizaton has member hospitals.”

“The organizations's member hospitals may elect board members.”

“The Organization distributes a copy of the 990 to all board members prior to filing with the IRS.”

“Monoc's written policy and procedure manual requires all employees to avoid and disclose real and perceived conflicts of interest between the employees and their responsibilities to monoc, and includes disclosure of business relationships between monoc and family members of employees. Monoc's president makes determinations, based on the facts of each individual situation, whether an employees's particular outside activity or relationship constitutes a potential conflict. The written policy specifies certain activities which are pre-determined to be conflicts,and sets for the procedure for submitting other activities and employment for consideration by the president. Further, accepting gifts from persons or entites seeking business with monoc are prohibited. A committee reviews the conflict of interest policy annually.”

“The compensation committee of the board of directors engages a third part to do a comparative study every few years to evaluate the compensation level of the president/CEO. The last study issued a comparison to nine industries companies, and was thoroughly reviewed by the compensation committee and met the rebuttable presumption of reasonableness. A compensation package is reviewed each year and voted on and approved by the compensation committee. The Chairman of the Board and/or President/CEO have ultimate discretion and authority for all other employees.”

“The organization does not make its governing documents and conflict of interest policy available to the public.the organization's financial statements are available to the public upon request.”

“The board of directors was provided an electronic copy of the form 990 for review prior to filing the return.”

“Advanced life support calls involve paramedics, with advanced training, treating the most serious 911 emergency ambulance service calls. Also provided charity care to patients who met certain criteria without charge or at amounts less than established rates. In 2020 0 calls were provided at no charge or reduced charges due to the lack of insurance coverage of the patient and the inability to pay for these services. Total estimated costs incurred under the charity care policy amounted to $0 in 2021.”

“The organization ceased operations on 4/1/2020.”