Addison Gilbert Society Inc.

“Management prepared the irs form 990 along with independent tax consultants who sign the return as a paid preparer. Prior to the filing date, a draft of the irs form 990 was provided to the entire board of trustees via a secured website. In addition, the final form 990 was provided to the entire board of trustees via the same secured website.”

“All officers, trustees, key employees, physicians, and management employees at all levels, are required to complete an annual conflict of interest disclosure form. The lhs corporate compliance department monitors and reviews each disclosure for compliance with the conflict of interest policy. The corporate compliance department monitors conflicts of interest through disclosure software, training, and individual reviews with physicians, key employees, and managers. Depending on the conflict of interest, a person could be asked to not participate in decisions made on behalf of the lahey hospital and medical center; a person may be told they cannot be a principal investigator on a research study; a person may be told that they cannot perform the task that creates the conflict; a person could be asked to remove themselves from a committee.”

“Lahey health system, inc. And affiliates have written document retention and destruction policy known as the "retention of administrative and clinical documents". The policies, procedures, and standards are monitored, managed, and revised by the records management steering committee. The revised "retention of administrative and clinical documents" policy was approved by the medical practice and utilization committee on july 26 2012.”

“Independent members of the board of trustees comprise the compensation committee. The committee sets the compensation and benefits for the ceo and also reviews and approves recommendations for the compensation and benefits for disqualified individuals and others. The committee seeks the advice of external compensation consultants. Comparability data is provided, analyzed, and documented by the external consultants. The lahey executive vice president of human resource operations provides the committee with any requested information. The committee met several times this year.”

“The organization negotiates arrangements to include terms and safeguards to ensure that the organization's exempt status is protected. From a legal perspective, in-house legal counsel, with the input of external legal counsel, reviews all proposed joint venture and partnership agreements. From a financial perspective, lahey's finance management team reviews all proposed joint venture and partnership agreements. Both reviews take place before lahey hospital & medical center enters into any such agreements.”

“The organization's governing documents and audited financial statements are available to the public upon request. The organization's conflict of interest policy and other compliance policies are made available to the public via the organization's website. In addition, the organization presents financial information to the public as an attachment to its massachusetts office of the attorney general form pc.”

“Lahey clinic foundation, inc. And its related organizations do not compensate any trustee in their capacity as a trustee. All compensation paid is for work performed in the employee's job title, which is listed on form 990, part vii, directly following the title of "trustee.”

“Compensation, benefit, and pension expenses for officers, trustees, and key employees of lahey clinic foundation, inc. Are paid by lahey clinic foundation, inc. As the parent company of lahey clinic hospital, inc., and lahey clinic, inc., lahey clinic foundation, inc. Allocates a significant portion of the aforementioned expenses to its affiliates. The affiliates then reimburse lahey clinic foundation, inc.”

“Lahey health shared services, inc. ("lhss") compensate (processes payment) all independent contractors (vendors) on behalf of the lahey health system, inc. Family of organizations. Under its tax id number, lhss issues form 1099 to the independent contractors. In addition, it submits the same information to the internal revenue service. The lahey health system, inc. Family of organizations reimburses lhss for all vendor payments made either directly or indirectly on their behalf.”

“Lahey clinic hospital, inc., a related organization, is in contact with federal and state legislators regarding health care reform issues that would potentially have an impact on the organization and its related organizations.”

“The organization's financial statements did not report a liability for uncertain tax positions under fin 48.”

“Grants and contributions $(513,967) changes in temporary and permanent net assets $(502,132) total changes in net assets $(1,016,099)”