Cape Regional Health System Inc

“Effective july 1, 2024, the filing organization, previously known as cape regional health system, inc. Effectuated a name change to cooper university health cape regional, inc. (cape regional health) when it 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. As a result of the member substitution, the bylaws were updated.”

“The sole member of the filing organization is the cooper health system, inc. A new jersey non-profit health system (dba: cooper university health care).”

“The sole member of the filing organization is the cooper health system, inc. A new jersey non-profit health system (dba: cooper university health care).”

“The sole member of the filing organization is the cooper health system, inc. A new jersey non-profit health system (dba: cooper university health care).”

“This organization is the tax-exempt parent entity of cooper university health cape regional, inc. And affiliates ("system"); a tax-exempt integrated healthcare delivery system which includes cooper university hospital cape regional, inc. This organization has an executive committee ("committee"). The organization's federal form 990 was made available to the committee, prior to filing with the internal revenue service ("irs"). The cooper university health 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 firm with experience and expertise in both healthcare and not-for-profit tax return preparation to prepare the federal form 990. The 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 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 firm. Revisions were made to the draft federal form 990 where necessary and a final draft was furnished by the 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 the irs.”

“The organization is the tax-exempt parent entity of cooper university health cape regional, inc. And affiliates ("system"); a tax-exempt integrated healthcare delivery system which includes cooper university hospital cape regional, inc. The organization and the system regularly monitor and enforce 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 questionaire. The completed questionnaires are returned to the organization and the system's president/chief executive officer for review. Thereafter the president/chief executive officer prepares a summary of the completed questionnaires which contains information disclosed on an individual-by-individual basis, if applicable, for review by the organization's board of trustees.”

“The organization is the tax-exempt parent entity of cooper university health cape regional, inc. And affiliates ("system"); a tax-exempt integrated healthcare delivery system which includes cooper university hospital cape regional, inc. This filing organization itself has no paid senior management personnel receiving compensation directly from this organization. Rather, key senior management personnel, including the president/chief executive officer are employed by the tax-exempt hospital within the healthcare system. However, the compensation and benefits of the chief executive officer, is shown on this tax return because she is also a board member of this organization. Accordingly, the organization'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 of the compensation and benefits of the hospital's senior management, including the president/chief executive 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 is reasonable. The actions taken by the committee enable the hospital to receive the rebuttable presumption of reasonableness for purposes of internal revenue code section 4958 with respect to the total compensation of certain members of the senior management team, including the president/chief executive 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 health care 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, 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. 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.”

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

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

“The organization is the tax-exempt parent entity of cooper university health cape regional, inc., and affiliates; a tax-exempt integrated healthcare delivery system which includes cooper university hospital cape regional, inc. ("system"). The system includes both for-profit and not-for-profit organizations. 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, reflect total hours worked per week on behalf of cooper university health cape regional, inc., and affiliates, not solely this organization.”

“Effective july 1, 2024, the filing organization, previously known as cape regional health system, inc. Effectuated a name change to cooper university health cape regional, inc. (cape regional health) when it 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 cape regional health.”

“Transfer from cooper university hospital cape regional, inc. 7,030,000. Other changes in net assets 5,530,720.”