Lutheran Medical Center Community

“Description of the process used by management and/or governing body to review the form 990: 1. The organization's finance department gathers the supporting information based on the fiscal year's financial activity and prior year reporting. 2. The supporting information is provided to the organization's external tax advisor for review and comment. 3. The external tax advisor prepares a draft return which is then reviewed by the organization's finance department and the nyu langone health system's vice president of finance and chief financial officer for completeness and accuracy. This is an iterative process which may involve more than one review by the organization's external tax advisor. 4. The reviewed draft is presented to the nyu langone health system board of trustees' audit committee, as well as certain other officers for review. 5. Once approved by the audit committee, the form 990 is made available to the full board and then it is forward to the irs.”

“Lutheran medical center community foundation operates under the conflict of interest policy of its supported organization, nyu langone hospitals. All foundation board of directors members are expected to comply with nyu langone hospitals' conflict of interest policy. Each board member completes an annual questionnaire disclosing potential conflicts.”

“The taxpayer makes its form 990 and form 1023 available to the public by retaining a copy of each at its head offices at 150 55th street, brooklyn, ny 11220. Any individual requesting a copy of these documents is provided that copy on the same business day. The organization's form 990 is also available for public inspection on www.guidestar.org. The organization's financial statements and governing documents are available to the public upon request, and at management's discretion.”

“The organization operates under the whistleblower and document retention policy of its parent organization, nyu langone hospitals.”

“The organization's primary exempt purpose is to provide financial support to projects that promote the health of individuals residing in the community served by nyu langone hospitals (f/k/a nyu hospitals center).”

“The board approved mission is to support, benefit and promote the interests of nyu langone hospitals.”

“Lutheran medical center community foundation is included in a combined audited financial statement for the year ending august 31st, 2018. The combined financial statements are prepared in accordance with generally accepted accounting principles in the united states of america ("gaap"). The combined financial statements include the accounts of nyu langone hopsitals and all of its affiliated organizations. Per the instructions to the form 990, the organization is required to respond "yes" to part iv, question 12b if the organization is part of a consolidated financial statement. Since selecting "yes" to this question may be misconstrued, lutheran medical center community foundation is attaching this explanation to its form 990.”