Jefferson University Physicians

“The organization is an affiliate within 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's parent entity is thomas jefferson university ("tju"). This organization is a supporting organization of tju. Although this federal form 990 shows a minority of independent board members under the internal revenue service definition, the organization acts in a charitable tax-exempt manner for purposes of internal revenue code section 501(c)(3) and is ultimately controlled by tju, which is governed by a board whose majority is comprised of independent voting members.”

“The organization is an affiliate within 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 thomas jefferson university; 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.”

“The organization is an affiliate within 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") is an internal revenue code section 501(c)(3) tax-exempt organization and serves as the parent organization of the system. As the parent organization of the system tju provides various corporate related services for the benefit of various system entities; including this organization. These corporate services include, but are not limited to, executive, legal and risk management, compliance and governance, human resources and finance. Tju allocates a percentage of its total corporate related services costs to various system entities, including this organization, as reimbursement for these corporate related services. The reimbursement to tju is reflected as an expense for these organizations.”

“The governing documents of the organization were updated and amended during the year. The sole member/sole shareholder was changed from a related TJU/Jefferson Health IRC 501(C)(3) Tax-Exempt Organization to a different related TJU/Jefferson Health IRC 501(C)(3) Tax-Exempt Organization.”

“Jefferson medical group ("jmg") is the sole member of this organization. Tjuh system is the sole member of jmg. Thomas jefferson university ("tju") is the sole member of tjuh system. Accordingly, tju has the ultimate right to elect the members of this organization's board of trustees and has certain reserved powers as defined in this organization's bylaws.”

“The organization is an affiliate within 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 prior to filing with the internal revenue service ("irs"). As part of the tax return preparation process the organization 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 system 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 provided to the organization's governing body prior to filing with the irs. In addition, the form 990 was provided to the thomas jefferson university's finance, assurance & compliance committee and the cpa firm made a presentation to the committee regarding the system's forms 990 together with a healthcare industry tax update.”

“The organization is an affiliate within 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 conflict-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 respondent's 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 he or she 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 finance, assurance & 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 board's 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 an affiliate within 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. Thomas jefferson university's board of trustees has a compensation and human capital 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 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 committee's 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 committee's 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 institution's 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'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 governing body.”

“JOSEPH G. CACCHIONE, M.D., FACC and CRISTINA G. CAVALIERI, ESQ. are OFFICERs OF THIS ORGANIZATION'S GOVERNING BODY; AN UNCOMPENSATED POSITION. these individuals are EMPLOYED BY AND RECEIVE A FEDERAL FORM W-2 FROM THOMAS JEFFERSON UNIVERSITY; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION. their COMMON LAW EMPLOYER/EMPLOYEE RELATIONSHIP IS WITH THOMAS JEFFERSON UNIVERSITY. ACCORDINGLY, their REPORTABLE COMPENSATION, RETIREMENT/OTHER DEFERRED COMPENSATION AND NON-TAXABLE BENEFITS are REPORTED WITHIN CORE FORM, PART VII AND SCHEDULE J OF THE THOMAS JEFFERSON UNIVERSITY (EIN: 23-1352651) FEDERAL FORM 990 FOR THE YEAR ENDING JUNE 30, 2023. PLEASE REFER TO THE THOMAS JEFFERSON UNIVERSITY FEDERAL FORM 990 FOR THIS INFORMATION. H. RICHARD HAVERSTICK, JR., FROM JULY 2022 THROUGH october 2022, AND BRUCE A. MEYER, M.D., MBA, FROM JULY 2022 THROUGH NOVEMBER 2023, WERE VOTING MEMBERS/OFFICERS OF THE ORGANIZATION'S GOVERNING BODY; AN UNCOMPENSATED POSITION. Additionally, PETER L. DEANGELIS, JR., FROM JULY 2022 THROUGH APRIL 2023, WAS AN OFFICER OF THIS ORGANIZATION'S GOVERNING BODY; AN UNCOMPENSATED POSITION. THESE INDIVIDUALS WERE EMPLOYED BY AND RECEIVED A FEDERAL FORM W-2 FROM THOMAS JEFFERSON UNIVERSITY; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION. THEIR COMMON LAW EMPLOYER/EMPLOYEE RELATIONSHIP WAS WITH THOMAS JEFFERSON UNIVERSITY. ACCORDINGLY, THEIR RESPECTIVE REPORTABLE COMPENSATION, RETIREMENT/OTHER DEFERRED COMPENSATION AND NON-TAXABLE BENEFITS ARE REPORTED WITHIN CORE FORM, PART VII AND SCHEDULE J OF THE THOMAS JEFFERSON UNIVERSITY (EIN: 23-1352651) FEDERAL FORM 990 FOR THE YEAR ENDING JUNE 30, 2023. PLEASE REFER TO THE THOMAS JEFFERSON UNIVERSITY FEDERAL FORM 990 FOR THIS INFORMATION.”

“John P. Mordach was appointed as the chief financial officer of Thomas Jefferson University/Jefferson Health effective March 30, 2023. Taxable compensation reported on core form, part VII and Schedule J is derived from 2022 forms W-2. Accordingly, his compensation is not reported on part VII and Schedule J since he did not start receiving compensation until 2023. Mr. Mordach is still displayed on part VII since he serves as an officer on the board of trustees for the year ending June 30, 2023. Baligh R. Yehia, M.D. was appointed as the president of Jefferson Health effective January 17, 2023. Taxable compensation reported on core form, part VII and Schedule J is derived from 2022 forms W-2. Accordingly, his compensation is not reported on part VII and Schedule J since he did not start receiving compensation until 2023. dr. Yehia is still displayed on part VII since he serves as director on the board of directors for the year ending June 30, 2023.”

“The organization is an affiliate within 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's parent entity is thomas jefferson university ("tju"). Certain board members 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, reflect total hours worked per week on behalf of the system; not solely this organization.”

“Jefferson university physicians ("jup") is a premier, patient-focused academic multispecialty physician practice consisting of the full-time faculty of sidney kimmel medical college at tju. Jup promotes the health and well-being of the community by preventing and treating diseases, training the physicians of the future, and performing clinical and scientific research exclusively in support of the charitable mission of tju. Since 1968, jup has enabled tju's medical faculty to treat patients while conducting and supporting the educational and research activities of tju. This organization carries out its charitable mission of education, research and heathcare through multiple medical departments and specialties, spanning allergy and immunology, cancer, cardiovascular, children's health, dermatology, digestive and liver diseases, emergency medicine, infectious disease, internal medicine, neuroscience, ophthalmology, orthopedics, otolaryngology, primary care, pulmonary, surgery transplants, urology, weight management, and women's health. Jup treats approximately 1m patients annually. In addition, jup performs and oversees extensive community activities, including free health screenings, education, support groups and professional services at health clinics treating the poor, the homeless, individuals with mental health and substance abuse problems, and other medically underserved populations. Many of jup's patient care, research and educational activities are conducted through tju's centers and institutes, including the cardeza foundation for hematologic research, the vickie and jack farber institute for neuroscience, the jefferson clinical research institute, the jane and leonard korman respiratory institute, the marcus institute of integrative health, the center for translational medicine, the daniel baugh institute for functional genomics/computational biology, the jefferson vaccine center, the nicoletti kidney transplant center, and the sidney kimmel cancer center. The vickie and jack farber institute for neuroscience specializes in treating and researching brain and spine disorders through the jefferson hospital for neuroscience, the weinberg als center and the jefferson neuroscience network. As one of 69 national cancer institute-designated u.s. Cancer centers, the sidney kimmel cancer center provides patients the latest developments in cancer research, technology and treatment. This state-of-the-art cancer treatment includes the brain tumor center, the breast care center, the neu center for supportive medicine and cancer survivorship, and the sidney kimmel cancer network. By delivering compassionate care and transformative medicine, jup's unified approach to developing healthcare solutions enables it to be responsive to the changing needs of the general public with the goal of improving lives.”

“SRINIVAS PRASAD, M.D., MS, JACK JALLO, M.D., PH.D., ROBERT H. ROSENWASSER, M.D., JAMES S. HARROP, M.D. AND JOSHUA HELLER, M.D. ARE INCLUDED WITHIN THE ORGANIZATION'S FEDERAL FORM 990, PART VII AND SCHEDULE J. THESE INDIVIDUALS ARE EMPLOYED PHYSICIANS PROVIDING LICENSED MEDICAL SERVICES, AS WELL AS NON-CLINICAL SERVICES, AND ARE EMPLOYED BY THIS ORGANIZATION AND/OR A RELATED TAX-EXEMPT ORGANIZATION WITHIN THOMAS JEFFERSON UNIVERSITY/JEFFERSON HEALTH. DURING 2022, THEIR RESPECTIVE EMPLOYERS WERE NOT REQUIRED TO FILE A FEDERAL FORM 4720 FOR ANY REMITTANCE OF EXCISE TAX RELATED TO EACH INDIVIDUAL'S COMPENSATION BECAUSE THE PORTION OF THEIR COMPENSATION ATTRIBUTABLE TO NON-CLINICAL SERVICES WAS NOT IN EXCESS OF $1M AND THUS EXEMPT FROM EXCISE TAX AS PROVIDED FOR UNDER INTERNAL REVENUE CODE SECTION 4960. EDMUND PRIBITKIN, M.D., MBA is the president of Jefferson Medical Group, the direct controlling entity and sole member of Jefferson University Physicians. Dr. Pribitkin is also EMPLOYED by this organization as a PHYSICIAN PROVIDING LICENSED MEDICAL SERVICES. During 2022, this organization filed a 2022 federal form 4720 which included a remittance of excise tax related to his compensation attributable to non-clinical services in excess of $1M. FROM JULY 2022 THROUGH october 2022, h. richard haverstick, jr. WAS a voting member/officer of the organization's governing body; an uncompensated position. MR. Haverstick WAS employed and receiveD a Federal Form W-2 from thomas jefferson university; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION. Accordingly, His common law employer/employee relationship WAs with Thomas Jefferson University (EIN: 23-1352651). Thomas Jefferson University did not file a 2022 Federal Form 4720 for any remittance of excise tax related to His compensation in excess of $1M because HE wAS not A covered employee of Thomas Jefferson University and thus exempt from excise tax as provided for under Internal Revenue Code Section 4960. CRISTINA G. CAVALIERI, ESQ. IS AN OFFICER OF THIS ORGANIZATION'S GOVERNING BODY; AN UNCOMPENSATED POSITION. SHE IS EMPLOYED BY AND RECEIVES A FEDERAL FORM W-2 FROM THOMAS JEFFERSON UNIVERSITY; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION. HER COMMON LAW EMPLOYER/EMPLOYEE RELATIONSHIP IS WITH THOMAS JEFFERSON UNIVERSITY. ACCORDINGLY, THOMAS JEFFERSON UNIVERSITY FILED A 2022 FEDERAL FORM 4720 WHICH INCLUDED A REMITTANCE OF EXCISE TAX RELATED TO HER COMPENSATION IN EXCESS OF $1M. FROM JULY 2022 THROUGH NOVEMBER 2022, BRUCE A. MEYER, M.D., MBA WAS A VOTING MEMBER/OFFICER OF THE ORGANIZATION'S GOVERNING BODY; AN UNCOMPENSATED POSITION. ADDITIONALLY, FROM JULY 2022 THROUGH APRIL 2023, PETER L. DEANGELIS, JR. WAS AN OFFICER OF THE ORGANIZATION'S GOVERNING BODY; AN UNCOMPENSATED POSITION. THESE INDIVIDUALS WERE EMPLOYED BY AND RECEIVED A FEDERAL FORM W-2 FROM THOMAS JEFFERSON UNIVERSITY; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION. THEIR COMMON LAW EMPLOYER/EMPLOYEE RELATIONSHIP WAS WITH THOMAS JEFFERSON UNIVERSITY (EIN: 23-1352651). ACCORDINGLY, THOMAS JEFFERSON UNIVERSITY FILED A 2022 FEDERAL FORM 4720 WHICH INCLUDED A REMITTANCE OF EXCISE TAX RELATED TO EACH INDIVIDUAL'S COMPENSATION IN EXCESS OF $1M.”

“OTHER CHANGES IN NET ASSETS OR FUND BALANCE INCLUDE: - NET ASSETS RELEASED FROM RESTRICTION - $968,705; and - EQUITY TRANSFERS FROM RELATED ORGANIZATIONS - $244,000.”

“The organization is an affiliate within 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's parent entity is thomas jefferson university ("tju"). An independent certified public accounting ("cpa") firm audited the consolidated financial statements of the system for the fiscal years ended june 30, 2023 and june 30, 2022; respectively and issued a consolidated audited financial statement. An unmodified opinion was issued each year by the independent cpa firm. Thomas jefferson university's finance, assurance & compliance committee has assumed responsibility for the oversight of the audit of the consolidated financial statements, which includes the selection of an independent auditor.”