Robert Wood Johnson University Hospital Medical and Dental Staff

“The organization's federal form 990 was made available to each voting member of the organization's governing body (its board of trustees) prior to the filing with the internal revenue service ("irs"). In addition, the organization's board of trustees has assumed the responsibility to oversee and coordinate the federal form 990 preparation, review and filing process. As part of the tax return preparation process the organization hired aj santye & co., pa, a professional accounting firm with experience and expertise in both healthcare and not-for-profit tax return preparation, to prepare the federal form 990. The accounting firm's tax professionals worked closely with the organization's finance department and various other individuals of the organization to obtain the information needed in order to prepare a complete and accurate tax return. The accounting firm prepared a draft federal form 990 and furnished it to the organization's finance personnel and other individuals for their review. The organization's finance personnel and other individuals reviewed the draft federal form 990 and discussed questions and comments with the accounting firm. Revisions were made to the draft federal form 990 where necessary and a final draft was furnished by the accounting firm to the organization's finance personnel and various other individuals for final review and approval prior to presentation of the federal form 990 to each voting member of the organization's governing body.”

“The organization is affiliated with rwj barnabas health - somerset (rwjbh- s), which regularly monitors and enforces compliance with its conflict of interest policy. Annually, certain of this organization's members of the board of trustees and other key personnel are required to review the existing rwjuh-s conflict of interest policy and complete a questionnaire. The completed questionnaires are returned to rwjbh-s' vice president of legal affairs for review. Thereafter the vice president of legal affairs prepares a summary of the completed questionnaires which contains information disclosed on an individual-by-individual basis. This summary is then provided to rwjuh-s' president/chief executive officer for review. Thereafter, the president/chief executive officer of the organization presents this summary to rwjuh-s' audit and compliance committee of the board of trustees for its review and discussion.”

“The organization is affiliated with rwj barnabas health - somerset (rwjbh- s). This organization has no employed individuals and has no need to obtain employees. However, in the event the organization hires employees in the future, a formal compensation review and approval process will be put in place as follows. Rwjbh-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 the compensation and benefits of the organization'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 of the organization is reasonable. In 2020, the executive compensation committee was a recommending body to the board of trustees. The recommendations of the executive compensation committee were submitted for full approval by the board of trustees. The actions taken by the committee enable the organization 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, chief operating officer and chief financial 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 whom 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. The peer group of employers to be considered in measuring the competitiveness of the executive compensation program necessary to recruit and retain top executive talent consists of major teaching hospitals in the northeast region of the united states. The committee adequately documents 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 the other individuals contained in this form 990 is reviewed annually by the president/chief executive officer and senior staff with assistance from the 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 articles of association and any amendments can be obtained through the organization upon request.”

“To educate the rwj barnabas health - somerset (rwjbh-s) medical staff and to promote outstanding medical service and healthcare to the community. To support the charitable purposes, programs and activities of rwjuh-s, an internal revenue code section 501(c)(3)organization that provides medically necessary healthcare services to all individuals in a non-discriminatory manner regardless of race, color, creed, sex, national origin, religion or ability to pay.”

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