Rwjbh Medical Group PC

“The organization is an affiliate within rwjbarnabas health; a tax-exempt integrated healthcare delivery system ('system"). As reflected on core form, part i, lines 3 and 4 and also in part vi, lines 1a and 1b, there is one voting member on the board of trustees as of december 31, 2024. This voting member is not independent due to the fact that he is employed by an affiliate within the system and receives compensation in his role. Although this federal form 990 shows no independent board of trustees under the internal revenue service definitions; this organization acts in a charitable tax-exempt manner for purposes of internal revenue code section 501(c)(3) and its various corporate agreements ensure that the organization is responsive to and ultimately controlled by rwj barnabas health, inc.; which is governed by a board whose majority is comprised of independent voting members.”

“This organization is an affiliate within RWJBarnabas Health; a tax-exempt integrated healthcare delivery system ("system") which includes RWJBH Corporate Services, Inc. ("RWJBH CS"). RWJBH CS is an internal revenue code section 501(c)(3) tax-exempt organization and serves the system. RWJBH CS 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. RWJBH CS 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 RWJBH CS is reflected as an expense for this organization. This organization is an affiliate within RWJBarnabas Health; a tax-exempt integrated healthcare delivery system ("system") which includes Barnabas Health Medical Group, P.C. ("BHMG"). BHMG is an internal revenue code section 501(c)(3) tax-exempt organization. BHMG leases employees to this organization and provides various management services to this organization. The reimbursement to BHMG is reflected as an expense by this organization.”

“The State of New Jersey corporate practice of medicine rules and regulations require that a licensed physician must be the legal owner of a professional medical corporation. The sole shareholder of RWJBH MEDICAL GROUP, P.C. ("RWJBH MG") is Ruric C. Anderson, M.D. Dr. Anderson is the Executive Vice President, Chief Medical and Quality Officer of rwjbarnabas health; a tax-exempt integrated healthcare delivery system ("system"). Rwj barnabas health, inc. ("RWJ BH") is the tax-exempt parent entity of the system. Dr. Anderson owns the shares of RWJBH MG as a nominee owner for the benefit of RWJ BH. The various corporate agreements including RWJBH MG's Certificate of Incorporation, Bylaws and Option and Indemnification Agreement ensure that RWJBH MG is responsive to and ultimately controlled by RWJ BH and the system's tax-exempt Hospitals for tax and governance purposes.”

“The organization is an affiliate within rwjbarnabas health; a tax-exempt integrated healthcare delivery system ("system"). Rwj barnabas health, inc. Is the tax-exempt parent entity of the system. In addition, the rwj barnabas health, inc. Audit committee assumed the responsibility to oversee and coordinate the federal form 990 preparation, review and filing process for all tax-exempt affiliates within the system. As part of the organization's federal form 990 tax return preparation process, the system 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 organization's finance personnel and system individuals including executive vice president/general counsel, executive vice president/chief financial officer, executive vice president/compliance and audit and various other 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 organization's internal working group for review. The organization's 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 organization's internal working group for final review and approval prior to filing with the internal revenue service.”

“The organization has a written conflict of interest policy with which it regularly monitors and enforces compliance. This conflict of interest policy requires that a conflict of interest form consistent with best governance practices and internal revenue service guidelines be circulated to officers, trustees and key employees annually. In a situation in which a trustee discloses an interest that could give rise to a conflict, the trustee's potential conflict is referred to the system's corporate nominating and governance committee which evaluates the conflict and its potential impact on the trustee's participation on the board or on certain issues which may come before the board. As appropriate the committee will take action to address the conflict.”

“The organization is an affiliate within rwjbarnabas health; a tax-exempt integrated healthcare delivery system which includes rwj barnabas health, inc. ("rwj bh"); a related internal revenue code section 501(c)(3) tax-exempt organization. Rwj bh's board of trustees maintains an executive compensation 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 rwj bh's senior management. The committee also reviews the compensation and benefits of other officers and key employees of rwjbarnabas health; including, without limitation, the chief executive officers of the rwjbarnabas health hospitals and medical centers. The committee, which is required by the corporation's bylaws to be comprised solely of independent trustees, seeks guidance and substantiation from a nationally recognized compensation consultant. The committee reviews the "total compensation" of the individuals which is intended to include both current and deferred compensation and all employee benefits, both qualified and non-qualified. The committee's review is done on at least an annual basis and ensures that the "total compensation" of senior management of the organization is reasonable. The actions taken by the committee enable the organization to receive the rebuttable presumption of reasonableness for purposes of internal revenue code section 4958 with respect to the total compensation of certain members of the senior management team. The three factors which must be satisfied in order to receive the rebuttable presumption of reasonableness are the following: 1. The compensation arrangement is approved in advance by an "authorized body" of the applicable tax-exempt organization which is composed entirely of individuals who do not have a "conflict of interest" with respect to the compensation arrangement; 2. The authorized body obtained and relied upon "appropriate data as to comparability" prior to making its determination; and 3. The authorized body "adequately documented the basis for its determination" concurrently with making that determination. The committee is comprised of members of the board of trustees each of who are independent and are free from any conflicts of interest. The committee relied upon appropriate comparable data; specifically the committee obtained a written compensation study from an independent firm which specializes in the review of hospital and healthcare system executive compensation and benefits throughout the united states. This study used comparable geographic and demographic market data including, but not limited to, similarly sized healthcare systems and hospitals, # of licensed beds and net patient service revenue. The committee adequately documented the basis for its determination through the timely preparation of written minutes of the compensation committee meetings during which the executive compensation and benefits was reviewed and subsequently approved. The actions outlined above with respect to the committee and the establishment of the rebuttable presumption of reasonableness applies to certain rwj bh senior management personnel. The compensation and benefits of certain other individuals contained in this form 990, where applicable, are reviewed annually by the rwjbarnabas health president/chief executive officer with assistance from the organization's human resources department in conjunction with the individual's job performance during the year and is based upon other objective factors designed to ensure that reasonable and fair market value compensation is paid by the organization. Other objective factors include market survey data for comparable positions, individual goals and objectives, personnel reviews, evaluations, self-evaluations and performance feedback meetings.”

“Rwjbarnabas health maintains a written policy to ensure that any joint venture entered into by a rwjbarnabas health tax-exempt entity with a for-profit participant is reviewed and followed so as to evaluate its participation under applicable federal tax law, and to ensure that the organization takes steps to safeguard the organization's exempt status with respect to such arrangements.”

“The organization's filed certificate of incorporation and any amendments can be obtained and reviewed through the state of new jersey department of the treasury.”

“Core form, part vii and schedule j reflects both the current and retired trustee - president receiving compensation and benefits from a related organization. Please note this remuneration was for services rendered as a full-time employee of the related organization and not for services rendered as a voting member or officer of this organization's board of trustees.”

“This organization is an affiliate within rwjbarnabas health; a tax-exempt integrated healthcare delivery system ("system"). Both the current and retired trustee-president 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 reflected on part vii of this form 990, for the current and retired trustee-president who received compensation for services rendered in a non-board capacity, reflect the total hours worked per week on behalf of rwjbarnabas health; not solely this organization.”

“Ruric C. Anderson, M.D. is the nominee owner of RWJBH Medical Group, P.C. solely due to State of New Jersey corporate practice of medicine prohibition rules and regulations. Dr. Anderson is not involved with RWJBH Medical Group, P.C. in any other capacity; he provides no services to or for RWJBH Medical Group, P.C. and is not involved in the management of RWJBH Medical Group, P.C. Dr. Anderson is employed by a related organization within RWJBarnabas Health. Accordingly, his common law employer/employee relationship is with Barnabas Health Medical Group, P.C. (EIN: 22-3316007). Barnabas Health Medical Group, P.C. filed a 2024 Federal Form 4720 which included a remittance of excise tax related to Dr. Anderson's compensation in excess of $1M.”

“Other changes in net assets or fund balance includes: - investment in program service related revenue entities - $90,456,424.”

“The organization is an affiliate within rwjbarnabas health, a tax-exempt integrated healthcare delivery system ("system"). The system's tax-exempt parent entity is rwj barnabas health, inc. An independent cpa firm audited the consolidated financial statements of rwj barnabas health, inc. And all affiliates within the system for the years ended december 31, 2024 and december 31, 2023; respectively. The audited consolidated financial statements contain consolidating schedules on an entity by entity basis for the rwjbarnabas health hospitals and certain other affiliates. The independent cpa firm issued an unmodified opinion with respect to the audited consolidated financial statements. The rwj barnabas health, inc. Audit committee has assumed responsibility for the oversight of the audit of the consolidated financial statements and the selection of an independent auditor.”