Msom Inc

“The sole member is meritus health, inc. (mhi), the parent. Mhi has the right to elect the members of the governing body and approve significant decisions of the governing body.”

“Candidates for the msom board are selected by the governance committee and presented to the mhi board by the chairman of the governance committee. Final election occurs through the mhi board.”

“Along with the election of governing members to the board, the mhi board (parent) also needs to review and approve the following before becoming effective and before the action is implemented: 1. Any merger, consolidation or dissolution of the corporation. 2. Annual business plan. 3. Annual budget. 4. Contractual obligations that meet any one of the following criteria: a. Fall outside the scope of the corporation's annual business plan. B. Require approval by external health and/or financial regulatory agency. C. Having the potential of adversely impacting the operation of any subsidiary of the member. 5. Any joint venture between the corporation and another person or entity that meets any one of the following criteria: a. Extends beyond the scope of the annual business plan of the corporation. B. Requires external approval by external health and/or financial regulatory agency. C. Has the potential of adversely impacting the operation of any subsidiary of the member. 6. Sales or transfers of all or substantially all of the assets of the corporation or sales or transfers of assets that meet with any one of the following criteria: a. Fall outside the scope of the corporation's annual business plan. B. Require approval by external health and/or financial regulatory agency. C. Has the potential of adversely impacting the operations of any subsidiary of the member. 7. Formation of a subsidiary. 8. Adoption and amendment of the mission and vision statements.”

“The form 990 was prepared by the finance department and reviewed by an independent accounting firm. A copy of the form 990 was provided to the audit and business integrity committee of the parent board. Acting under the authority of the parent board, the committee reviewed the form 990 prior to the submission for the form 990 to the internal revenue service. In addition, the form 990 was provided to all members of the board prior to filing with the irs.”

“An annual disclosure of interest is required for all officers, directors or trustees, and key employees. These disclosures are then reviewed against the accounts payable system to determine the amount of transactions with the organization. All disclosures and transactions are reviewed by the audit & business integrity committee. After this review, a copy of the disclosures, by board or committee, listing the type of involvement/transactions the entity has with the named disclosure, if any, are provided to the chair of the board or committee. Any director with a determined conflict is prohibited from participating in the board's discussions and decisions with regards to that transaction.”

“The organization does not have any paid employees. All compensation to officers and directors reported on part vii of the form 990 was paid pursuant to the policies and procedures of a related organization, meritus medical center, inc.”

“Governing documents, conflict of interest policy, and financial statements are available upon request. In addition, the annual audited financial statements are made public through the state of maryland charitable registration division.”

“The hours of the president, secretary, and treasurer were spent attending board and committee meetings. Compensation provided to these persons was for services provided in their capacity as officers/employees of mmc and affiliates, not in their capacity as directors. Additionally, the compensation that dr. Giffi and dr. Choudari receveived was for services as physicians.”

“To train physicians who will be socially responsible, professionally accomplished, and community oriented.”

“Msom offers a unique approach to student learning including the team-based learning (tbl) approach. Tbl's innovative methodology uses continuous active participation to fostering collaborative problem-solving skills. Medical students thrive in an environment that encourages teamwork, immediate feedback and the practical application of medical knowledge. Msom's curricular approach prepares students to become physicians, thought leaders and versatile team members. Tbl permeates every aspect of the curriculum, enhancing critical thinking, communication, and adaptability. The msom curriculum is aligned with the american osteopathic association (aoa) seven osteopathic core competencies for medical students. Under each of these competency domains, there are measurable curricular goals which, upon student attainment and completion, indicate competence in the domain. These curricular goals broadly shape and define the courses & clerkships within the 4-year msom curriculum. For each curricular goal, there are accompanying learning activities, whose purpose is to help students achieve the goal and learn course content. Each learning activity is guided by a set of specific, measurable learning objectives that state what the student will accomplish during the activity. Msom is preparing to accept its first class of students in the fall of 2025.”

“The filing organization has entered "0" on part v, line 1a and line 2a because the organization's 1099 and w-2 returns are filed by and under the name and ein of meritus medical center, inc., a related organization, under a shared services agreement.”

“Other: program service expenses 1,311,585. Management and general expenses 327,895. Fundraising expenses 0. Total expenses 1,639,480.”