Virtua Surgical Group Pa

“Section b, line 14 the organization maintains a written document retention policy.”

“John m. Matsinger,do is the sole shareholder of vsg.”

“The sole shareholder elects the board.”

“The chairs of the various board committees of virtua surgical group present their recommendations on significant matters to the full virtua surgical group, p.a. Board of trustees for their approval.”

“The form 990 is reviewed by in-house counsel, external tax consultants, and the board of trustees. A final copy of form 990 is provided to the board prior to filing.”

“Virtua surgical group p.a. Adopts the policies of virtua health, inc. Regarding monitoring and enforcing a conflict-of-interest policy. Virtua surgical group p.a., requires each trustee, officer, key employees and member of a committee with board-delegated powers shall annually sign a statement in which they agree to comply with the conflict-of-interest policy. The board of trustees is responsible for ensuring that periodic reviews of operations are conducted so that the organization operates in a manner consistent with its charitable purposes and does not engage in activities that could jeopardize its status as an organization exempt from federal income tax. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of his or her financial interest and must be given the opportunity to disclose all material facts to the trustees and members of committees with board-delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining trustees or committee members shall decide if a conflict of interest exists.”

“Virtua surgical group, p.a. Does not compensate its executives, but rather, the executives receive compensation from virtua health, inc (ein 22-3524939) and virtua medical group (ein 27-1348772), a related entity. See schedule j, part iii (reference to schedule j, part i, line 3) for a description of the manner in which virtua health, inc. Utilizes to determine the compensation paid to the executives.”

“The organization's governing documents and conflict of interest policy were not made available to the public. Financial statements are available through the repository websites emma (electronic municipal market access system) and dac (digital assurance certification), or upon request.”

“Each officer is compensated by virtua health, inc. (ein 22-3524939) and virtua medical group (ein 27-1348772), a related organization. Some officers devote 40 hours a week to virtua health, inc. The amount of time devoted to related organizations is dependent upon their involvement in those organizations. As a result, the total average hours per week for each officer and key employees may vary.”

“All accounts payable transactions are paid by virtua - west jersey health system, inc. (21-0634532)”

“Part viii, part ix, and part x: in march 2016, vsg merged with virtua medical group (ein: 27-1348772) and has ceased operations. Therefore the 2017 revenue, expenses, and assets are much lower than in prior years.”

“Net asset transfer to virtua - west jersey health system, inc.: $-255,168 net asset transfer from other affiliates: $32,724”