Shore Rehabilitation Institute Inc

“Core form, part iii; line 1a joint partnership between meridian hospitals corporation and jfk johnson rehabilitation institute, shore rehabilitation institute ("sri") is a not-for-profit 40-bed, acute rehabilitation facility that offers a comprehensive range of inpatient and outpatient services. Effective january 1, 2018, hackensack meridian health and jfk health system (the networks of these members) statutorily merged resulting in a 100% ownership of sri within the new combined network. Located adjacent to ocean medical center in brick, nj, sri is fully accredited by the joint commission as an acute rehabilitation hospital, providing a broad spectrum of rehabilitation services.sri is recognized by the internal revenue service ("irs") as an internal revenue code 501(c)(3) tax-exempt organization. Pursuant to its charitable purposes, sri is devoted to the promotion of health through the establishment, maintenance and operation of comprehensive rehabilitation services to all individuals in a non-discriminatory manner regardless of race, color, creed, sex, national origin, religion or ability to pay. Moreover, sri operates consistently with the following criteria outlined in irs revenue ruling 69-545:1.sri provides comprehensive rehabilitative and related services to all individuals regardless of ability to pay, including charity care, self-pay, medicare and medicaid patients,2.sri maintains an open medical staff, with privileges available to all qualified physicians,3.control of sri rests with its board of trustees, which is comprised of independent civic leaders and other prominent members of the community, and4.surplus funds are used to improve the quality of patient care, expand and renovate facilities and advance rehabilitative services, programs and activities.the operations of sri, as shown through the factors outlined above and other information contained herein, clearly demonstrate that the use and control of the rehabilitation facility is for the benefit of the public and that no part of the income or net earnings of the organization inures to the benefit of any private individual nor is any private interest being served other than incidentally. Sri continues to demonstrate its ongoing and growing commitment to the community by providing rehabilitation services regardless of the ability to pay for the partial or full cost of the care delivered. Sri offers an experienced, energetic team of professionals determined to help patients achieve their highest level of function. This multi-disciplinary team provides a full continuum of rehabilitative care while individualizing treatment plans based on each patient's unique needs. Bringing together the latest in rehabilitation technology, with the expertise & care of our team, sri is committed to restoring your life back to you.our mission: to deliver safe care and the best patient experience in a healing environment to help individuals with disability attain optimal function and advocate for them in the communities we serve.our vision: we aspire to become the benchmark for patient experience, safety, quality and efficiency by adopting and refining best practices and improve access to rehabilitation in the communities we serve.our values: our values enable us to provide the very best experience to our patients, guests and each other "the sri way" and to fulfill our mission and advance towards our vision.we provide individualized rehabilitation services to adult and geriatric individuals with disability. Our services include but are not limited to, physiatry, pt, ot, speech pathology, rehabilitation nursing, therapeutic recreation, social work/case management, psychology, dietary and vocational services in an inpatient or an outpatient setting. We provide a variety of other physician specialties depending on the needs of our patients.sri provides patient care with an interdisciplinary approach and each member of the team plays an integral role in the planning and implementation o”

“The organization has jfk johnson rehabilitation institute (jri), a major component of jfk health system, as a 1/3 member and meridian hospitals corporation as a 2/3 member. Effective january 1, 2018, hackensack meridian health and jfk health system (the networks of these members) statutorily merged resulting in a 100% ownership of sri within the new combined network.”

“The directors are elected by a vote of the board at the annual meeting of the corporation. The director membership committee shall nominate a slate of directors to serve as officers to replace or re-elect those officers whose terms are ending. All board appointments are subject to approval by the members.”

“Certain decisions of the governing body of the organization are subject to approval by the members.”

“The form 990 is prepared by management in conjuction with the hmh tax department and reviewed by the members of jfk health and the senior vp of finance of hmh for the joint venture and the chairman of the sri board of trustees. Once the form 990 tax return is approved by these individuals, all board members are sent an e-mail with the form 990 tax return for their review and comments. At the end of the review period, and after any comments have been addressed, the form 990 tax return is finalized and filed.”

“Sri has adopted a conflict of interest policy similar to hmh's policy. The organization regularly monitors and enforces compliance with its conflict of interest policy. Annually all members of the board of trustees, managers and key employees of the organization are required to review the existing conflict of interest policy and complete a questionnaire with respect to any applicable transactions and relationships. The completed questionnaires are returned to sri's executive director office for review and maintained there.”

“The executive directors are employees of jfk health system and salary and fringe benefits are reimbursed from sri to jfk health system. Salary is approved by jfk health system rules as shown below. The jfk health system board of directors has duly appointed an executive compensation committee (the "committee") that is responsible for the review and approval of all compensation and benefits provided to executive management of the organization. The committee has adopted a written executive compensation philosophy statement and an executive compensation committee charter. The committee follows the procedures described in the philosophy statement and the charter when it reviews and approves the compensation and employee benefits provided to the organization's senior management.the committee's review analyzes every element of compensation, including current and deferred compensation, and benefits, including qualified and non-qualified benefits. The committee conducts its review and approval process at least annually, and approves compensation and benefits only to the extent that the committee has concluded that the total compensation and benefits constitutes no more than reasonable compensation. The committee consists entirely of independent members of the jfk health system board, the committee reviews in advance independent data showing the compensation provided by non-profit organizations for functionally similar positions, and the committee prepares a timely and thorough written record of its deliberations and conclusions. Assisting the committee is an outside compensation consultant along with outside legal counsel. As a result, the committee's review process is designed to satisfy the procedural criteria necessary to qualify for the rebuttable presumption of reasonableness under the federal income tax law intermediate sanctions rules.certain board members listed on core form, part vii receive compensation from meridian hospitals corporation. The committee of hmh, a tax-exempt integrated healthcare delivery network, is responsible for reviewing the executive compensation of the senior management and key employees of the network. The committee has adopted a written executive compensation philosophy, approved by the executive committee and governing body, which it follows when it reviews and approves compensation and benefits.the executive compensation philosophy recognizes the size and complexity of the healthcare network and the critical need to have and retain executives that consistently demonstrate superior levels of performance so that the health network can fulfill its charitable mission.the committee reviews the "total compensation" of the individuals, including both current and deferred compensation and all employee benefits, both qualified and non-qualified on at least an annual basis to ensure that the "total compensation" of each senior management and key employee is reasonable.to assist with the review, the committee engages the services of a nationally recognized independent consulting firm specializing in executive compensation for not-for-profit healthcare organizations, and receives regional market data for comparable organizations, a report summarizing such data, and an opinion letter relating to the reasonableness of each executive's total compensation and benefits. Additionally, a senior member of the consulting firm attends the committee's meetings to provide information and to respond to questions by the members of the committee.the independent committee utilizes the outside market data comparability and based upon the organization's performance, business judgment considerations, and the individual's performance establishes compensation for each individual. The comprehensive review process utilized by the committee qualifies for the rebuttable presumption under section 4958 of the internal revenue code of 1986:1.the compensation arrangement is approved in advance by an "authorized body" of the applicable tax”

“Please refer to response for form 990, part vi, section b; question 15a above.”

“Sri's financial statements and other public information are available upon request at the sri administrative office.”

“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 the related organization and not for services rendered as a voting member of this organization's board.”

“Line 9, changes in net assetsother changes in net assets or fund balances include:-distribution to members ($800,000).”

“The process has not changed since last year. Sri has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant.”