Mount Sinai Community Foundation

“DESCRIBE THE PROCESS USED BY MANAGEMENT &/OR GOVENING BODY TO REVIEW 990 The Form 990 information was initially provided by the finance staff with multi-disciplinary input from Public Affairs, Corporate Integrity and other appropriate staff of the organization. The Form 990 was then prepared by Ernst & Young, LLP and reviewed by senior finance staff and other members of senior leadership. Prior to the filing, the Form 990 was made available to the full board of directors.”

“DESCRIBE THE PROCESS TO MONITOR TRANSACTIONS FOR CONFLICTS OF INTEREST The Conflict of Interest Disclosure Form is completed and signed annually by all board members, employed physicians, management personnel as well as other employees who are in a position to influence purchasing decisions, affiliations or referrals, hiring decisions or contracts. The form is completed on appointment to the Board of Directors of Sinai Health system or any one of its entities, upon hire for any relevant job category or at the time of appointment to the Medical Staff. In addition to the annual filing of the form, an update is required to be filed any time there has been a change. Conflicts disclosed on the Conflict of Interest Disclosure Form are taken into consideration when making board committee assignments. In addition, individuals who have a conflict of interest must abstain from participating in decisions affecting the interested parties and make it clear why they are abstaining. If the potential for conflict of interest exists, employees and physicians are required to discuss the situation with management. Board Members of Sinai Health System or any of its entities should report potential conflicts to the Chief Integrity Officer who will review potential conflicts with the Sinai Health System Chief Executive Officer and Chairman of the Board of Directors.”

“Compensation Review & Approval Process - Officers & Key Employees Sinai Health System has an Executive Compensation Committee to support the organizational performance of Sinai Health System and its related entities through the alignment of executive compensation with system strategies and programs and ensure compliance with applicable law. The voting members of the Committee are independent members of the board of directors. The Committee meets twice annually or more frequently as circumstances require. The Committee establishes detailed goals annually for the President and CEO and other executives, and reviews performance against these goals on an annual basis. The Committee annually engages an outside, independent compensation consultant to benchmark the salaries and benefits of the organizations assistant vice presidents and above, as well as a few directors. Compensation is based on detailed written performance appraisals and external market data. In executive session, the Committee reviews the performance of the President and CEO, each element of compensation, data of compensation programs in effect for CEOs of comparable organizations, and conducts an annual review of CEO performance against established goals. The Committee maintains written minutes which are maintained in executive administration.”

“Governing Documents THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC Governing documents, conflict of interest and financial statements upon request and after review by management. Form 990, pART X, LINE 25 Other Liabilities THE OUTSTANDING BONDS PAYABLE REPORTED ON PART X, LINE 25 WERE PREVIOUSLY REPORTED ON PART X, LINE 20 IN THE PRIOR YEAR. THE BALANCE SHEET FOR THIS YEAR AND LAST YEAR HAVE BEEN UPDATED TO REFLECT THE FACT THAT THESE BONDS ARE NOT TAX EXEMPT.”

“Board Delegating Powers to Executive Committee The Executive Committee shall consist of the board chair, vice chair(s), secretary, treasurer and president. The executive committee shall have the power to transact regular business of the corporation during the period between meetings of the board, subject to any prior limitation imposed by the board or law. when action is taken by the executive committee, it will be reported to the board at the next meeting of the board.”

“FORM 1096 TRANSMITTAL OF U.S. INFORMATION RETURNS Sinai medical group ("smg") reported 0 on form 990, part v, question 1a AS IT IS NOT REQUIRED TO FILE FORM 1096, TRANSMITTAL OF U.S. INFORMATION RETURNS. ALL OF THE SMG'S ACCOUNTS PAYABLE REPORTABLE ON FORM 1096 ARE PAID BY SINAI HEALTH SYSTEM ("SHS"), WHICH ISSUES ALL FORMS 1099 AND THEN TRANSFERS THE EXPENSE TO SMG. THE COMPENSATION AMOUNTS REPORTED IN THIS 990 REFLECT THE AMOUNT TRANSFERRED TO THE CORPORATION FROM SHS. Form 990, Part VI, Line 6 DESCRIPTION OF CLASSES OF MEMBERS OR STOCKHOLDERS Sinai Health System (EIN 36-3166895) is the sole member of Sinai Community Foundation. Form 990, Part VI, Line 7a DESCRIPTION OF CLASSES OF PERSONS AND THE NATURE OF THEIR RIGHTS Board members are nominated by the Board Recruitment, Education, and Nominating committee of the sole corporate member, Sinai Health System, and elected by the members from among those persons approved for appointment by the sole corporate member. Form 990, Part VI, Line 7b DESCRibe CLASSES OF PERSONS, DECISIONS REQUIRING APPR & TYPE OF VOTING RIGHTS The sole corporate member has certain reserved powers over significant corporate actions, including matters such as appointment of corporate officers, amendment of governing documents, approval of a merger, consolidation or dissolution, approval of budgets and strategic plans, approval of independent certified public accountants for the organization, and approval of non-budgeted long-term debt. In addition to all of the rights, powers, functions and responsibilities required or allowed by the Corporations Articles of Incorporation and applicable law, the Sole Corporate Member, working closely with the Corporations Board of Directors, shall have the following rights and powers: (a)To amend the Articles of Incorporation and the Bylaws of the Corporation. (b)To approve, interpret or amend the Mission Statement, if any, of the Corporation. (c)To determine the Corporations compliance with the Corporations stated purposes and Mission Statement. (d)To elect the Corporations Directors from among those persons nominated by the Board Recruitment, Education and Nominating Committee of the Sole Corporate Member. (e)To remove a Director by a two-thirds vote of the Sole Corporate Members Board of Directors at any time. (f)To appoint the Chair, Vice Chair, President, Secretary and Treasurer of the Corporation from among those nominated by the Board Recruitment, Education and Nominating Committee of the Sole Corporate Member, and to remove any such officers at any time with or without cause. (g)To approve all plans of merger, consolidation, joint venture or affiliation with the Corporation. (h)To establish from time to time the 'corporate limits' referred to in these reserved powers, which may be expressed either as a dollar amount or as a percentage of a budget. (i)To approve annual operating budgets and multi-year capital budgets and strategic plans for the Corporation before expenditures pursuant to such budgets and plans may be made. Once the budgets are so approved, the Corporations Board of Directors may vary expenditures within the Corporate Limits. (j)To approve the non-budgeted sale, lease (capitalized or otherwise), exchange, mortgage, pledge or other disposition of property and assets of the Corporation in any one fiscal year which is in excess of the corporate limit. (k)To approve all non-budgeted contracts obligating the Corporation to expend or repay an amount in excess of the corporate limit. (l)To approve the creation or acquisition of majority-controlled or majority-owned subsidiaries or affiliates of the Corporation. (m)To approve the Corporations non-budgeted incurring of long-term debt or obligating its assets in excess of the corporate limit. (n)To approve the appointment of independent certified public accountants for the Corporation and its subsidiaries or affiliates. (o)To approve any voluntary dissolution and any liquidation of corporate assets. (p)To app”