Lifeplan Ny Inc

“Lifeplan entered into a management services agreement with coordinated care alliance ny, inc. (ccany). Ccany is a management services company that, for form 990 purposes, is considered a related organization to lifeplan. As a result, the full compensation of applicable ccany staff is reported on the lifeplan form 990 vs just the portion allocated to lifeplan. Ccany was formed by lifeplan and advance care alliance of ny, inc. (acany) to provide executive, management, and all support functions for both lifeplan and acany as well as for itself. These services, which were performed by lifeplan were transferred to ccany on january 1, 2024. The services performed include, but are not limited to, executive management, finance, information technology, human resources, compliance, training, etc. Nicholas cappoletti received $530,867 in reportable compensation, $50,000 in performance incentive payments and $383,653 in other compensation during 2024 for services provided to lifeplan ny, inc. As chief executive officer. Nicholas cappoletti's retirement and deferred compensation from a related organization includes a one-time $312,743 expense for a supplemental nonqualified postretirement medical benefits plan. This amount reflects a 2024 plan amendment that resulted in the full vesting of benefits accrued from 2019 through 2024. There were no associated service costs, interest costs, or benefit payments. This non-cash accounting expense was recorded by the related organization and was not included in the 2024 management and general expenses charged to the reporting organization. Dean johnston received $329,807 in reportable compensation, $36,500 in performance incentive payments and $14,212 in other compensation during 2024 for services provided to lifeplan ny, inc. As evp chief administrative officer/chief financial officer.”

“The form 990 is distributed to the board. Lifeplan then holds for 5 business days for feedback or questions and then files the 990 with the internal revenue service.”

“The officers and board members sign a conflict of interest policy annually. Any personal remuneration or gain from the vendors or related parties is strictly forbidden. The compliance dperatment conducts an annual mandatory training for all employees as well.”

“The ceo has an employment contract that is reviewed every 3 years. A third-party consulting firm is utilized to perform a compensation study to assist the board with determining executive pay.”

“The organization makes its governing documents, conflict of interest policy, and form 990 filings available to the public upon request.”

“Professional fees: program service expenses 897,106. Management and general expenses 83,204. Fundraising expenses 0. Total expenses 980,310. Contracted services: program service expenses 5,308,322. Management and general expenses 4,044,924. Fundraising expenses 0. Total expenses 9,353,246.”

“The processes for the organization that assumes oversight of the audit has not changed from the prior year.”