Raritan Bay Healthcare Foundation Inc

“Raritan bay health services corporation ("rbhsc") is the sole member of this organization. Rbhsc 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.”

“Please refer to the response for part vi, line 6 above.”

“Please refer to the response for part vi, line 6 above.”

“The organization is an affiliate within raritan bay health services corporation and affiliates ("system"); a tax-exempt integrated healthcare delivery system which includes raritan bay medical center ("rbmc"). Raritan bay health services corporation is the tax-exempt parent entity of the system. The organization's finance personnel prepared and reviewed the federal form 990. The organization's federal form 990 was then provided to and made available to each voting member of the organization's governing body prior to filing of the federal form 990 with the internal revenue service. The organization's governing body is its board of directors. The organization's board of directors has assumed the responsibility to oversee, review and approve of the federal form 990, including the preparation, review and filing process.as of january 1, 2016, raritan bay health services corporation became an affiliate of meridian health system, inc. ("mhs"); a tax-exempt integrated healthcare delivery system. Mhs was the tax-exempt parent of the system. In may 2015, mhs signed a definitive agreement with hackensack university health network ("network") to merge both parent organizations; creating one integrated healthcare delivery system known as hackensack meridian health, inc. ("hmh"), to better meet the needs of many new jersey communities. That merger became effective upon the receipt of regulatory approvals on july 1, 2016.this organization's federal form 990 was provided to each member of hmh's compliance and audit committee for review and approval.”

“The organization is an affiliate within raritan bay health services corporation and affiliates; a tax-exempt integrated healthcare delivery system ("system"). 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 questionnaire. The completed questionnaires are returned to the organization and the system's senior vice president/general counsel for review. Thereafter the system's senior vice president/general counsel prepares a summary of the completed questionnaires which contains information disclosed on an individual by individual basis and presents this summary to the organization's governance committee for its review and discussion.”

“The organization is an affiliate within raritan bay health services corporation and affiliates; a tax-exempt integrated healthcare delivery system ("system") which includes raritan bay medical center ("rbmc"). Raritan bay health services corporation is the tax-exempt parent entity of the system. This filing organization itself has no paid senior management personnel receiving compensation directly from this organization. Rather, key senior management personnel including, but not limited to, the president/chief executive officer and chief operating officer, are employed by rbmc, the tax-exempt hospital within the healthcare system. However, the compensation and benefits of this individual is shown on this tax return because he is also a board member of this organization. Accordingly, rbmc's board of trustees has an executive 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 organization's senior management, including the president/chief executive officer and chief operating 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 rbmc is reasonable.the actions taken by the committee enable rbmc 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. 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; and3.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, # 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.”

“Please refer to the response for part vi, line 15a above.”

“The organization's filed certificate of incorporation and any amendments can be obtained and reviewed through the state of new jersey department of the treasury.”

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

“An independent cpa firm audited the financial statements of the organization for the years ended december 31, 2015 and 2014; respectively. The independent cpa firm issued an unqualified opinion both years. The organization's board of trustees has assumed responsibility for the oversight of the audit of the financial statements and the selection of an independent auditor.”