Newton Medical Center Foundation

“The following board members have a family relationship: Colleen and Jason Apter - Husband and wife.”

“The 2024 Form 990 filings for Newton Medical Center Foundation were prepared by the Finance Department and reviewed and signed by Ernst & Young LLP. The completed filings were reviewed by the Foundation's Chief Executive Officer and SVP-Chief Financial and Administrative Officer. Subsequently, they were presented to the Foundation's audit committee for review. All board members were invited to the audit committee meeting to take part in the detailed review. Upon finalization of the Form 990, all board members were provided a copy for their files. Form 990 was then filed with IRS after the review process.”

“Each "Interested Person" of the Foundation shall annually sign the conflict of interest disclosure statement which affirms that such person: A. Has received a copy of the conflict of interest policy or the applicable By-Laws, B. Has read and understands the policy, C. Has agreed to comply with the policy, D. Understands that the Foundation is a charitable organization and that in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes under Section 501(c)(3) or 501(c)(4) of the Internal Revenue Code. On the conflict of interest disclosure statement, all "interested persons" must detail all existing or potential conflicts of interest and file the form with the Chief Compliance Officer annually. Interim disclosures shall also be required as conflicts develop subsequent to the annual disclosures. To ensure the Foundation operates in a manner consistent with its charitable purposes and that it does not engage in activities that could jeopardize its status as an organization exempt from federal income tax, periodic reviews should be conducted by the Chief Compliance Officer. The periodic reviews shall, at a minimum, include the following subjects: A. Whether compensation agreements and benefits are reasonable and are the results of appropriate negotiations. B. Whether physician recruitment practices and other provider services result in inurement or impermissible private benefit. C. Whether partnership and joint venture agreements conform to written policies, are properly recorded, reflect reasonable payments for goods and services, further the Foundation's charitable purposes, and do not result in inurement or impermissible private benefit. D. Whether agreements to provide health care and agreements with other health care providers, employees, and third party payors further the Foundation's charitable purposes and do not result in inurement or impermissible private benefit.”

“The organization does not currently make its financial statements open to public disclosure but the statement of financial position is available by accessing the Form 990 from the website. The governing documents and conflict of interest policies are not currently made available to the public.”