Thomas Jefferson University

“The organization is the tax-exempt parent organization of thomas jefferson university/jefferson health; a comprehensive professional university and tax-exempt integrated healthcare delivery system ("system"), with a tripartite mission of education, research and patient care. The system utilizes a common paymaster for this organization and jefferson university physicians; a related internal revenue code section 501(c)(3) tax-exempt organization. In accordance with the internal revenue service form 990 regulations and instructions, the organization treats amounts paid by a common paymaster for services performed for the organization as if paid directly by the organization. Similarly, the organization treats amounts paid by a common paymaster for services performed for a related organization as if paid directly by the related organization.”

“Ira brind, esq., william a. Landman & robert s. Adelson, esq. - business relationship; john p. Silvestri & joseph maressa, jr. Esq. - business relationship; and austin a. Meehan, iii, pe & edward mckenna, iii - family relationship.”

“The organization is an internal revenue code section 501(c)(3) tax-exempt organization and serves as the parent organization of thomas jefferson university/jefferson health; a comprehensive professional university and tax-exempt integrated healthcare delivery system ("system"), with a tripartite mission of education, research and patient care. As the parent organization of the system thomas jefferson university provides various corporate related services for the benefit of various system entities. These corporate services, include, but are not limited to, executive, legal and risk management, compliance and governance, human resources and finance. Thomas jefferson university allocates a percentage of its total corporate related services costs to various system entities, and records revenue as reimbursement for these corporate related services.”

“The organization is the tax-exempt parent organization of thomas jefferson university/jefferson health; a comprehensive professional university and tax-exempt integrated healthcare delivery system ("system"), with a tripartite mission of education, research and patient care. The organization's federal form 990 was provided to each voting member of the organization's governing body, its board of trustees, prior to filing with the internal revenue service ("irs"). The organization's governing body has assumed the responsibility to oversee and coordinate the federal form 990 preparation, review and filing process. As part of the system's federal form 990 tax return preparation process the system hired a professional certified public accounting ("cpa") firm with experience and expertise in both healthcare and not-for-profit tax return preparation to prepare the federal form 990. The cpa firm's tax professionals worked closely with the system's finance personnel and various other individuals ("internal working group") to obtain the information needed in order to prepare a complete and accurate tax return. The cpa firm prepared a draft federal form 990 and furnished it to the system's internal working group for their review. The internal working group reviewed the draft federal form 990 and discussed questions and comments with the cpa firm. Revisions were made to the draft federal form 990 where necessary and a final draft was furnished by the cpa firm to the internal working group for final review. Following this review, the form 990 was then presented to the organization's audit, risk and compliance committee and provided to the organization's governing body prior to filing with the irs.”

“The organization is the tax-exempt parent organization of thomas jefferson university/jefferson health; a comprehensive professional university and tax-exempt integrated healthcare delivery system ("system"), with a tripartite mission of education, research and patient care. The system has a written conflict of interest policy with which all affiliates regularly monitor and enforce compliance. The conflict of interest policy governs conflict of interest disclosure and monitoring of all voting members of the system's board of trustees. The conflicts of interest policy is designed to assist the organization in evaluating arrangements, contracts or transactions that may benefit the private interest of a trustee, their family member(s), a member of a committee or subcommittee that exercises board-delegated powers of the university, or senior management. The policy is intended to supplement but not replace applicable state and federal laws governing nonprofit charitable corporations. In accordance with the conflict of interest policy, each voting member of the board of trustees must complete, at least annually, the system's conflict of interest disclosure process. The conflict of interest process includes distribution of an electronic disclosure to all persons who served as voting members of the board of trustees, members of senior management and key employees during the previous fiscal year. The disclosure form elicits information related to the respondents actual or potential interests and activities in which they engaged during the reporting period. The process also requires covered persons to disclose such information about their family members. In addition to attesting to the veracity of information contained within the disclosure, the voting member of the board of trustees must certify that they will abide by the system's conflicts of interest and other relevant policies and will disclose all interests and activities related to their ongoing service on the board of trustees. Members of senior management and individuals identified as key employees receive disclosure questions required of members of the board of trustees. All persons covered under the organization's board of trustees and employee-related conflict of interest policies maintain a continuing obligation to disclose all changes in interests, activities and relationships throughout the year. The system maintains all original disclosure forms and certifications in accordance with its record retention policy. The system also compiles and issues a comprehensive report of all actual or potential interests and activities reported during the board of trustees conflicts of interest disclosure process to the organization's executive committee of the board of trustees. Thereafter, the board of trustees itself or through delegation to the audit, risk and compliance committee, evaluates all actual or potential conflicts of interest to determine whether activities or arrangements require management, reduction, or elimination of certain interests, activities or relationships. When management of the identified conflict is required, the affected person(s), members of the boards executive committee, and certain members of executive management, receive notification of the requirements set forth in the management plan. Affected persons are expected to abide by the terms of the management plan, which may include, but may not be limited to, recusal from deliberations and voting when appropriate. In addition to the above-outlined internal reporting and evaluation of activities, transactions and relationships, all required disclosures in accordance with the internal revenue service's regulations and instructions are reported on the organization's federal form 990.”

“The organization is the tax-exempt parent organization of thomas jefferson university/jefferson health; a comprehensive professional university and tax-exempt integrated healthcare delivery system ("system"), with a tripartite mission of education, research and patient care. The organization is committed to ensuring that its executive compensation program adheres to the highest standards of regulatory compliance and best practices in corporate governance. The organization's board of trustees has a compensation and human capital committee ("committee"). The committee has adopted a written executive compensation philosophy which is follows when it reviews and approves of the compensation and benefits of the system's executive compensation, including arrangements covering the president/ chief executive officer, senior executives and other key employees (including clinical department chairs and select faculty). The committee meets multiple times during the year and is comprised of individuals who are independent and do not have conflicts of interest with regard to the compensation arrangements that fall within its purview. The committees process is designed to satisfy the rebuttable presumption of reasonableness that is available under the intermediate sanctions law, and includes the review of comparability data and the contemporaneous substantiation of its deliberations and decisions. The committees decisions are made in accordance with system's compensation philosophy, which supports the objective of attracting, retaining and motivating talented individuals who have the appropriate experience and skills to achieve the institutions objectives. On an annual basis the committee reviews appropriate comparability data for similar institutions that reflect the mission, scope and complexity of the organization and its constituent entities. The committee engages qualified, independent consultants as needed to provide advice on compensation matters and to prepare the comparability data, which are reviewed by the committee in advance of making its decisions. The committee reviews and approves compensation for the president/chief executive officer and other senior executives based on market practices, an assessment of performance and other business judgment factors. The executive compensation includes incentive pay, pursuant to which executives are rewarded based on the achievement of the system, entity and individual performance goals that are established in advance of the performance period. These goals are linked to system's mission, strategic and operating objectives, and have predetermined weights. At the end of the year, the committee approves the resulting awards based on a review of performance achievements relative to the goals; in appropriate circumstances, other discretionary factors may be considered when incentives are determined. The committee makes a determination of the reasonableness of compensation and maintains minutes that document its deliberations and decisions.”

“The organization has issued tax-exempt bonds to finance various capital improvement projects and renovations. In conjunction with the issuance of these tax-exempt bonds, the organization's financial statements were included with the tax-exempt bond prospectus which was made available to the general public for review. In addition, the organization's filed certificate of incorporation and any amendments can be obtained and reviewed through the commonwealth of pennsylvania.”

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

“Certain individuals were reported as officers or key employees on the organization's prior year form 990, core form, part vii and schedule j, part ii. Upon a review of their respective duties, roles and responsibilities it was determined that these individuals do not satisfy the criteria to be an officer or key employee under (1) form 990 rules, regulations and instructions; (2) applicable state law; or (3) the organization's governing documents. Accordingly, these individuals have not been included on the organization's 2019 form 990 as either an officer, key employee or a former officer nor should have been reported on previous years forms 990. In addition, certain individuals were reported as officers on the organization's prior year form 990, core form, part vii and schedule j, part ii. Upon a review of their respective duties, roles and responsibilities it was determined that these individuals do not satisfy the criteria to be an officer under (1) form 990 rules, regulations and instructions; (2) applicable state law; or (3) the organization's bylaws. However, it was determined that these individuals satisfy the criteria to be classified as a key employee for form 990 reporting purposes. Accordingly, these individuals have been included on the organization's 2019 form 990 as a key employee. Prior years forms 990 were not amended with respect to the reclassifications outlined above.”

“Stephen k. Klasko, m.d., mba and bruce a. Meyer, m.d., mba are involved in the leadership and management of this organization on a full time basis. Dr. Klasko and dr. Meyer are employed and receive a form w-2 from this organization. Accordingly, their common law employer/employee relationship is with thomas jefferson university (ein: 23-1352651). Accordingly, this organization filed a 2019 federal form 4720 which included a remittance of excise tax related to each individual's compensation in excess of $1m. Laurence m. Merlis and kathleen kinslow, crna, mba are involved in the leadership and management of this organization on a full time basis. Mr. Merlis and ms. Kinslow are employed and receive a form w-2 from this organization and a related organization. The compensation received from a related organization for these individuals is as a result of their current year vesting in an internal revenue code section 457(f) plan (non qualified deferred compensation plan) as the amounts were no longer subject to a substantial risk of complete forfeiture. Accordingly, their common law employer/employee relationship is with thomas jefferson university (ein: 23-1352651). Therefore, this organization filed a 2019 federal form 4720 which included a remittance of excise tax related to each individual's compensation in excess of $1m. Michael b. Walsh is involved in the leadership and management of this organization on a full time basis. Although mr. Walsh receives a form w-2 from abington memorial hospital (ein: 23-1352152), his common law employer/employee relationship is with thomas jefferson university. Accordingly, this organization filed a 2019 federal form 4720 which included a remittance of excise tax related to mr. Walsh's compensation in excess of $1m. Peter l. Deangelis, jr., jeffrey stevens, elizabeth dale, ed.d., mpa, mark l. Tykocinski, m.d., cristina g. Cavalieri, esq., kathleen gallagher, john c. Ekarius and stephanie conners, mba, bsn, rn, are all employed by the organization. Accordingly, their common law employer/employee relationship is with thomas jefferson university (ein: 23-1352651). Thomas jefferson university did not file a 2019 form 4720 for any remittance of excise tax related to their compensation in excess of $1m because these individuals were not covered employees of thomas jefferson university and thus exempt from excise taxes as provided for under internal revenue code section 4960. James s. Harrop, m.d., robert h. Rosenwasser, m.d., jack jallo, m.d., and srinivas prasad, m.d. Are included within the organization's form 990, part vii. These individuals provide licensed medical services, as well as, non-clinical services and are employed by this organization as well as, a related organization within thomas jefferson university/jefferson health. During 2019, their employers were not required to file a form 4720 for any remittance of excise tax related to these individuals because the portion of their compensation attributable to non-clinical services was not in excess of $1m and thus exempt from excise taxes as provided for under internal revenue code section 4960.”

“The organization is the tax-exempt parent organization of thomas jefferson university/jefferson health; a comprehensive professional university and tax-exempt integrated healthcare delivery system ("system"), with a tripartite mission of education, research and patient care. The system includes both for-profit and not for-profit organizations. Certain board of trustee members, key employees 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 or key employees, reflect total hours worked per week on behalf of the system; not solely this organization.”

“Thomas jefferson university is the tax-exempt parent organization of thomas jefferson university/jefferson health; a comprehensive professional university and tax-exempt integrated healthcare delivery system ("system"), with a tripartite mission of education, research and patient care. Thomas jefferson university is the sole corporate member or stockholder of various not for-profit and for-profit entities. The internal revenue service ("irs") has recognized thomas jefferson university as a tax-exempt organization under internal revenue code section 501(c)(3). Thomas jefferson university ("tju") was first incorporated under the name jefferson medical college of philadelphia by a special act of the pennsylvania general assembly in 1838. Tju is the tax-exempt parent organization of jefferson/jefferson health; a comprehensive professional university and tax-exempt integrated healthcare delivery system ("system"), with a tripartite mission of education, research and patient care. Thomas jefferson university is the sole corporate member or stockholder of various not for-profit and for-profit entities. The internal revenue service ("irs") has recognized thomas jefferson university as a tax-exempt organization under internal revenue code section 501(c)(3). Today, tju is an innovative health sciences university that conducts research and offers undergraduate and graduate instruction through the sidney kimmel medical college at thomas jefferson university ("skmc") as well as the jefferson colleges of nursing, pharmacy, health professions, population health, rehabilitation sciences and life sciences. Tju's educational programs are fully accredited and it educates over 4,000 students annually. Tju educates medical students, nurses, scientists, physician's assistants, technicians, pharmacists, occupational and physical therapists, population health experts, and other healthcare professionals to provide healthcare services and to conduct cutting-edge scientific and medical research in the cure and prevention of diseases. Tju also conducts clinical and statistical research, studies, and experiments to improve current disease prevention and treatment knowledge and techniques. Tju dedicates itself to collaborative, transdisciplinary and inter-professional approaches to learning that offer a vibrant and expandable platform for education. Through this unique model, we are preparing our students for current and yet-to-be-imagined careers setting tomorrow's standards by breaking today's. University mission: we are a university with preeminence in transdisciplinary, experiential professional education, research and discovery, delivering exceptional value for 21st century students with excellence in architecture, business, design, engineering, fashion & textiles, health, science and social science infused with the liberal arts. Enterprise mission: we improve lives. Enterprise vision: reimagining health, education and discovery to create unparalleled value. Commitment to diversity & equity: we are reimagining diversity and inclusion to promote and cultivate an inclusive environment that celebrates the differences and similarities of our patients, families, students, workforce and the communities we serve to achieve an equitable culture. Current activities ================== tju conducts research and offers undergraduate and graduate education through the sidney kimmel medical college as well as the jefferson colleges of nursing, pharmacy, health professions, population health, rehabilitation sciences and life sciences. Sidney kimmel medical college at thomas jefferson university (skmc) ------------------------------------------------------------------- skmc was originally known as the jefferson medical college, which was founded in 1824. Skmc has awarded more than 31,000 medical degrees and has more living graduates than any other private medical school in the nation. It offers both undergraduate medical education programs and innovative joint degree”

“Jefferson college of health professions --------------------------------------- the jefferson college of health professions (jchp) is committed to educating healthcare professionals of the highest quality and ethical standards for contemporary practice in the global community. The college, representing interprofessional programs across the health professions, offers natural opportunities for students to develop professional behaviors within a community of learners. Jchp offers degrees ranging from a bachelor of science through clinical doctorate across several academic departments and institute: counseling & behavioral health disaster medicine & management health sciences medical imaging & radiation sciences medical laboratory sciences & biotechnology midwifery & women's health nutritional sciences physician assistant studies institute of emerging health professions jefferson college of population health -------------------------------------- tju established the jefferson college of population health ("jcph") in 2003 to provide graduate education that prepares leaders with global vision to examine the social determinants of health and to evaluate, develop and implement health policies and systems that will improve the health of populations and enhance the quality of life. Originally formed in 1990 as the office of health policy and clinical outcomes, jchp prepares healthcare providers for the challenges of a dynamic healthcare environment. The increasing complexity of healthcare and its importance to the national economy established the need and demand for professionals and researchers well-versed and prepared to assume leadership roles. In addition, the complexity and scope of the industry required that research and education be addressed comprehensively and holistically from the perspective of population health: health outcomes and their distribution within the population, the determinants that influence this distribution, and the policies and interventions that impact these determinants. Jcph seeks to create conditions that promote health, prevent adverse events, and improve outcomes. Population health builds on public health foundations by: - connecting prevention, wellness and behavioral health science with healthcare delivery, quality and safety, disease prevention/management and economic issues of value and risk all in the service of a specific population, be it a city, provider's practice, employee group, hospital's primary service area or age group; - identifying socio-economic and cultural factors that determine the health of populations and developing policies that address the impact of these determinants; - applying epidemiology and biostatistics in new ways to model disease states, map their incidence and predict their impact; and - using data analysis to design social and community interventions and new models of healthcare delivery that stress care coordination and ease of accessibility. Jefferson college of rehabilitation sciences -------------------------------------------- jefferson college of rehabilitation sciences brings together occupational therapy, physical therapy, athletic training, speech and language pathology. Our goal is to provide programs that are unique in terms of educating students to provide high-quality care that will integrate people back into their communities. The college of rehabilitation sciences is proud to be home to two programs ranked by u.s. News & world report: occupational therapy and the department of physical therapy. Both programs offer students opportunities to participate in research, clinical, and educational experiences. The college is committed to becoming a recognized leader in innovative educational, clinical and research programs. Future plans for the college include establishing departments of rehabilitation sciences and technology, speech and language pathology and outcomes measurement, as well as divisions for the study of cognition, assistive technology, and human”

“Jefferson vaccine center: jefferson medical college established the jefferson vaccine center ("jvc") in 2007 with the goal of combining and further enhancing the existing interest and expertise at tju in the area of vaccine research for infectious diseases and cancer. Jvc combines and utilizes research effort in immunology, microbial pathogenesis and tumor immunology. The mission of the jvc is to strengthen the basic and translational research at tju in vaccinology and therapeutics by establishing cutting edge research programs in vaccinomics and building a nationally and internationally known center of excellence. Daniel baugh institute for functional genomics/computational biology: the daniel baugh institute for functional genomics/computational biology, part of tju's department of pathology, anatomy and cell biology, provides an interdisciplinary base for research and education in the rapidly evolving fields of integrative modeling and computational analysis of the dynamics of biological systems. The institute focuses on the development of mammalian systems biology to study the multi-scale regulatory networks in the context of adaptation in central autonomic control circuits, dysfunction of cardio-respiratory regulation, alcoholic liver disease and liver repair, and stem cell differentiation. In order to study intra- and inter-cellular networks, tju employs genomic and other "omic" technologies to acquire datasets suitable for analyses to identify variables and relationships that provide a basis for modeling and simulation of multi-scale system dynamics. Tju develops bioinformatics tools to improve the ability to derive networks, pathways and relationships subserving cellular processes. Tju brings principles of control and systems theory as well as probabilistic/statistical techniques to bear on the analysis of biological processes. The future ========== tju's forward-looking educational programs include its institute of emerging health professions, which provides innovative and unique education and training to fill future career and certification gaps in healthcare practice and delivery. In a world where rapid change is the norm, employers are seeking graduates who are ready for whats happening right now and for what will come next. Tju's distinctive, active, collaborative, real-world approach is exactly what students need to gain that kind of competitive advantage. Tju works to connect disciplines and establishes creative, collaborative, real-world learning environments for its students. By working on transdisciplinary teams at tju, students gain a broader understanding of differing perspectives and develop critical decision-making skills. Built for a future that has yet to be defined, tju is crossing disciplines to bring unrivaled innovation and discovery to higher education. Through boundary-breaking collaboration, research and hands-on, experiential learning, tju equips graduates with leadership and analytical skills shaped for an accelerated job market. Tju is reshaping education for the 21st century. Tju is similarly forward-looking in its research programs. Through its jane and leonard korman respiratory institute jefferson health & national jewish health, tju is focused on basic and translational research by recruiting a lung biologist whose research is expected to enhance methods of detecting and treating a variety of lung diseases in the exam room. In addition, a medical oncologist will focus on bringing clinical trials and the newest advances in molecular therapeutics and personalized medicine to patients. At the forefront of academic medicine, tju is using its center for translational medicine to create a new culture of collaboration and cooperation between basic science investigators and physicians. The center bridges basic scientific discoveries with physicians' needs for their patients. The center emphasizes cutting-edge basic molecular biomedical research and its translation into the most efficient and tail”

“Jefferson enterprise ==================== we are 34,500+ people reimagining health care, education and discovery. We are many things, but every day all of us are dedicated to one thing: improving lives. The system includes fourteen hospitals, seven urgent care centers, and 25 testing and imaging centers located throughout philadelphia, bucks and montgomery counties in pennsylvania and camden and gloucester counties in new jersey. Outpatient and community-based services are delivered through a network of owned and affiliated physician practices, satellite medical and surgical centers, outpatient laboratories and radiology centers. Together, jefferson health has 32,000+ employees, 6,300 physicians and practitioners, 7,900 nurses, 2,600 faculty and 2,100 volunteers and is the second largest employer in philadelphia. During fy20, many strategic administrative, merger/acquisitions and changes were greatly affected by the covid-19 pandemic. The sudden appearance of a novel coronavirus was a call to action, a summons to do what we were born for: to help, to heal, to care for our community. During the peak of the surge, jefferson health had 7,000 discharges of non-covid patients without any evidence of virus transmission. That's how safe we were. Among our 15,000 clinical employees and physicians, we had less than 1 percent contract the virus. That's substantially less than any other frontline system. Our hospitals were among the few to let loved ones be present for births, and for deaths, allowing families to be at the bedside of even covid-positive patients. The partnership strengthens the enterprise's ability to care for the communities we serve. In addition, jefferson's unique governance structure continues as a combined board with equal representation from jefferson, abington, jefferson health - northeast and kennedy. Additionally, in fy20, jefferson health continued in its commitment to pursue its definitive agreement with einstein healthcare network ("ehn") of philadelphia and montgomery county, pennsylvania. The proposed merger to create an 18 hospital health system is awaiting state and federal government approvals. While, thomas jefferson university, jefferson health, temple university and temple health entered into an agreement to conduct due diligence and negotiate the sale of fox chase cancer center to jefferson and temple's interest in health partners plan (hpp) the acquisition did not move forward as a result of the pandemic. Our values: the behaviors our employees demonstrate daily to patients and their fellow staff enable jefferson to continue achieve its mission. Jefferson's values define who we are as an organization, what we stand for, and how we continue the work of helping others that began here nearly two centuries ago. These values are (1) put people first: service-minded, respectful & embraces diversity; (2) be bold & think differently: innovative, courageous & solution-oriented; and (3) do the right thing: safety-focused, integrity & accountability jefferson university hospitals and thomas jefferson university are partners in providing excellent clinical and compassionate care for our patients in the philadelphia region, educating the health professionals of tomorrow in a variety of disciplines and discovering new knowledge that will define the future of clinical care. Jefferson ranks as 16th best hospital on u.s. News & world report's honor roll list. We continue to top the list of hospitals in pennsylvania (3rd) and the philadelphia metro area (2nd) in u.s. News & world report's annual listing of the best hospitals and specialties. Jefferson also stands out as among the best in 9 specialty areas: - orthopedics - cancer - ear, nose & throat - gastroenterology & gi surgery- nephrology - neurology & neurosurgery - ophthalmology - diabetes & endocrinology - geriatrics - pulmonology a different year ---------------- coming together: our covid response included planning and preparation - even before the first pos”

“The organization is the tax-exempt parent organization of thomas jefferson university/jefferson health; a comprehensive professional university and tax-exempt integrated healthcare delivery system ("system"), with a tripartite mission of education, research and patient care. Thomas jefferson university ("tju") utilizes several single member limited liability companies ("llc's") to hold, manage and invest all of the systems investments through a pooled income approach. The assets and income reported on schedule r part i of this form 990 for these llcs represents total assets and income for all entities in the pooled income funds and investments. At year-end tju allocates a percentage of the assets of these llcs to its related entities which records the respective values on their balance sheets at year-end. Thus tjus year-end assets on its balance sheet is lower than the total assets reported on schedule r, part i.”

“The organization is the tax-exempt parent organization of thomas jefferson university/jefferson health; a comprehensive professional university and tax-exempt integrated healthcare delivery system ("system"), with a tripartite mission of education, research and patient care. The system has a number of outstanding long-term obligated group debt liabilities, including the following bond issuances: - pennsylvania higher educational facilities authority series 2012; - pennsylvania higher educational facilities authority series 2012a; - pennsylvania higher educational facilities authority series 2015a; - pennsylvania higher educational facilities authority series 2015b; - pennsylvania higher educational facilities authority series 2015c-g; - pennsylvania higher educational facilities authority series 2015h; - philadelphia authority for industrial development series 2017a; - philadelphia authority for industrial development series 2017b; - philadelphia authority for industrial development series 2017c; - montgomery county higher education and health authority series 2018a, - montgomery county higher education and health authority series 2018b; - montgomery county higher education and health authority series 2018c; - montgomery county higher education and health authority series 2018d; and - montgomery county higher education and health authority series 2019a. The bonds outlined above and various other long-term borrowings are allocated by thomas jefferson university; the tax-exempt parent of the system and sole member of various tax-exempt affiliates within the system, to the following system member hospitals and certain other affiliates. The balance sheet of these respective member hospitals and certain other affiliates reflects a tju obligated group liability. Accordingly, this tju obligated group liability is reflected on the balance sheet of the following subsidiary organizations: - thomas jefferson university hospitals, ein: 23-2829095 - tjuh system, ein: 26-3026795 - jefferson university physicians, ein: 23-2809585 - abington health, ein: 27-1243803 - abington health foundation, ein: 23-2188052 - abington memorial hospital, ein: 23-1352152 - lansdale hospital corporation, ein: 26-3359979 - jefferson health - northeast, ein: 23-0596940 - jefferson health - northeast system, ein: 23-2239131 - philadelphia university, ein: 23-1352294 - kennedy university hospital, inc., ein: 22-1773439 - kennedy health system, inc., ein: 22-2442036 - magee rehabilitation hospital, ein: 23-1476328 schedule k was prepared on a consolidated basis and is included on this organization's federal form 990, schedule k.”

“Other changes in net assets or fund balance include: - net assets released from restrictions - $30,217,996; - change in interest rate swap contracts - ($16,659,872); - reclassification of net assets - ($815,500); - net assets released from restriction used for purchase of pp&e - $2,858,141; - change in net pension liability - ($111,871,102); - distributions to non-controlling interests - ($509); - jeffcare alliance, llc beginning net asset transfer - ($18,594,763); - other changes in unrestricted net assets - ($25,000); - change in value of external trusts (donor restricted) - ($1,199,379); - net assets released from restrictions (donor restricted) - ($33,076,111); - change in value of split interest agreements (donor restricted) - ($73,367); - reclassification of net assets (donor restricted) - $615,500; - other changes in net assets (donor restricted) - $512,000.”

“The organization is the tax-exempt parent organization of thomas jefferson university/jefferson health; a comprehensive professional university and tax-exempt integrated healthcare delivery system ("system"), with a tripartite mission of education, research and patient care. An independent certified public accounting ("cpa") firm audited the consolidated financial statements of the system for the fiscal years ended june 30, 2020 and june 30, 2019; respectively and issued a consolidated audited financial statement. An unmodified opinion was issued each year by the independent cpa firm. The organization's audit, risk and compliance committee has assumed responsibility for the oversight of the audit of the consolidated financial statements, which includes the selection of an independent auditor.”

“The organization is the tax-exempt parent organization of thomas jefferson university/jefferson health; a comprehensive professional university and tax-exempt integrated healthcare delivery system ("system"), with a tripartite mission of education, research and patient care. The system engaged an independent accounting firm to prepare and issue a system wide consolidated audit under the single audit act and omb circular a-133.”

“Description:outside services total fees:98259095”

“Description:consulting services total fees:63648910”

“Description:contracted services total fees:5756494”

“Description:professional services total fees:3912739”

“Description:billing & collection fees total fees:11270004”

“Description:physician services total fees:3903”

“Description:transcription services total fees:13469”