Albert Einstein College of Medicine

“Marilyn Katz and Stanley Katz, Trustees - Family relationship”

“The sole members of albert einstein college of medicine are montefiore einstein, inc. And yeshiva university. As of the college's accreditation date of march 4, 2019, yeshiva university's membership converted to an interest solely with authority to exercise yeshiva's limited consent rights.”

“Montefiore einstein, inc., the controlling member of the college, has the power to appoint and to remove the trustees of the albert einstein college of medicine board. The president of yeshiva university or a single individual designated in writing by the president is automatically appointed as a trustee of the college. Montefiore einstein, inc. Then has the authority to appoint the remaining members of the board.”

“Montefiore einstein, inc., the controlling member of the corporation, has the authority to: (i) amend, repeal restate or revise the bylaws or certificate of incorporation of the college; (ii) approve any changes to the purpose or mission of the college; (iii) approve a change in the not-for-profit status of the college; (iv) levy assessments or require capital contributions by the members of the college; (v) approve the liquidation or dissolution of the college; (vi) approve the disposition of the corporation by mergers, consolidation, change of membership, acquisitions or sale; and (vii) take any action with respect to those matters over which applicable accreditation authorities and/or governmental authorities require yeshiva to have an approval right. Yeshiva university membership interest converted automatically after the accreditation date to a membership interest solely with authority to exercise yeshiva's consent rights.”

“The form 990 was prepared by the montefiore's tax department working closely with albert einstein college of medicine's finance team and assisted by various departments throughout the health system. The return was reviewed by montefiore's vp of finance and the chief financial officer at the college. In addition, an independent public accounting firm was engaged to review the form 990. Upon completion of the various reviews, the form 990 was presented to the audit committee of the board of trustees for review and approval. Once approved by the audit committee, the form 990 was made available to all members of the board of trustees prior to filing.”

“Board members and key employees are required to disclose actual or potential conflicts of interest to the general counsel prior to engaging in any activity that may potentially result in a conflict of interest as well as answering an annual conflict of interest questionnaire. Any potential conflicts are reviewed by the general counsel and any concerns are presented to the dean of the college and the chair of the audit committee of the board of trustees to determine if an actual conflict exist and what actions, if any, are appropriate to prevent, manage and eliminate the identified conflict of interest.”

“The compensation of the organization's chief executive officer (paid by a related organization) and executive dean is determined by the compensation committee of the board of trustees of montefiore einstein, inc., the parent organization of the college. Montefiore einstein, inc. Is committed to ensuring that its executive compensation program adheres to the highest standards of regulatory compliance and best corporate governance. The board of trustees of the health system has charged the health system's compensation committee (which is comprised of independent board members with no conflicts of interest in regard to executive compensation) with making all decisions related to compensation for the college's top officers. All decisions made by the compensation committee are appropriately and timely documented in meeting minutes. The compensation committee's review process follows the intermediate sanction guidelines for qualifying the rebuttable presumption of reasonableness. The committee retains an independent compensation consultant to assist it with this process. Compensation levels are established considering data for comparable organizations, third parties salary surveys, form 990 disclosures, an assessment of management performance (including the services provided to the community), and other business judgement factors, consistent with montefiore's executive compensation philosophy. The committee's decisions are made in the best interest of the college and are intended to ensure the recruitment and retention of key executive talent, consistent with the market practices of other not-for-profit organizations of comparable scope, mission, complexity and location.”

“Governing documents and financial statements are made available to the public upon request. The conflict of interest policy is posted on the college's website.”

“- Total Revenue: 2956297, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 2956297;”

“WORKING CAPITAL SUBSIDY TRANSFERS - 120100000; SPLIT-INTEREST TRUST AGREEMENT CHANGE - -642326; NET RECOVERY ON CONTRIBUTION RECEIVABLE - 323859; Total - XXX-XX-XXXX;”

“During 2024, montefiore medical center made capital contributions of $120.1 million to the college, reported as other changes in net assets in part xi.”