Foundation for Morristown Medical Center

“As per the bylaws, each of the entities has one "member", that being Atlantic Health System, Inc. There are no other members or classes of membership whatsoever as indicated in the bylaws. Atlantic Health System, Inc. is the sole member of this organization. Atlantic Health System, Inc. has the right to elect the members of this organization's board of trustees and has certain reserved powers as outlined in the organiztion's bylaws.”

“Atlantic Health System, Inc. is the only "member" that wholly owns the Foundation for Morristown Medical Center. As a result, Atlantic Health System, Inc. may elect the members of the governing bodies for each of the entities.”

“Atlantic Health System, Inc. is the only "member" that wholly owns the Foundation for Morristown Medical Center. As a result, Atlantic Health System, Inc. approves the decisions of the governing bodies.”

“The final draft of the Form 990 was distributed to the "Accounting Sub-Committee" for their review. The "Accounting Sub-Committee" will then present the Form 990 to the Financial Oversight Committee who will then present the Form 990 to the Board of Directors.”

“We require disclosure of potential conflicts. This policy governs all personnel at Atlantic, including Board Members. Additionally, the Board Committee members must fill out annual disclosures with specific questions regarding potential conflicts. For potential conflicts involving employees, conflicts involving business relationships require prior disclosure and approval by the Compliance Officer (General Counsel). Conflicts involving Board members require approval from the Compliance Officer and the head of the Audit Committee, who may refer those conflicts to the Compliance Committee of the Board. Restrictions are fact-dependent, but may include recusal from deliberations regarding subject matter affected by the conflict.”

“A review of officer compensation by an independent 3rd party (Sullivan-Cotter)is completed every year. The most recent survey was conducted in 2024. Officers reviewed include: EVP, Chief Administrative Officer EVP, Chief Business and Strategy Officer EVP, Chief Clinical Officer EVP, Chief Health System Officer EVP, Chief Information and Digital Transformation Officer EVP, Chief Physician Executive EVP, General Counsel President and Chief Executive Officer - AHS SVP, Chief Financial Officer SVP, CNE/President, MMC SVP, AHS/President, CMC SVP, AHS/President, OMC SVP, AHS/President, Western Region VP, Ambulatory Services and Network Development VP, Chief Marketing Officer VP, Chief Medical Officer, ACO VP, Chief Quality and Patient Safety Officer VP, Chief Risk Officer VP, Chief Strategy Officer VP, COO Atlantic Medical Group VP, Corporate Legal Services VP, Facilities Management and Real Estate VP, Finance VP, Government & Public Affairs VP, Information Technology VP, Insurance Networks VP, Integrated Care VP, Physician Enterprise Strategy VP, Revenue Cycle VP, Talen Management and Chief Diversity and Inclusive Officer VP, Workforce Experience VP, Research On behalf of Atlantic Health, Sullivan Cotter conducts an annual total compensation survey based on appropriate comparability data for like positions in like organizations. The results of the survey are presented to the Executive Committee of the board which documents the findings and recommendations in committee minutes. Compensation for key physicians is determined by soliciting salary data from published sources. These salary recommendations are then approved by the Executive Committee of the board.”

“Currently the Foundation for Morristown Medical Center retains copies of the filed Form 990 for the last three years and Form 1023 with the most senior management's assistant. Public disclosure of these Form 990 can be made at any time at each of the organization's sites. In addition, the Form 990 is posted on the website "www.foundationcenter.org and "guidestar.org".”

“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 polices are not currently made available to the public.”

“Beneficial Interest in Charitable Remainder Unitrust 425,004.”