2024-11-13T07:07:33-06:00 2023-12-31 871353108 EISNER ADVISORY GROUP LLC 733 THIRD AVENUE NEW YORK NY 100172703 990 2023-10-01 273037790 CHILD MIND MEDICAL PRACTICE PLLC CHIL 2123083118 215 EAST 50TH STREET NEW YORK NY 10022 MARYANA GELLER CHIEF FINANCIAL OFFICER 2123083118 2024-11-12 1 0 WILLIAM EPSTEIN P01307171 2129498700 2023 2024-10-15 13:58:12Z HAROLD KOPLEWICZ MD 215 EAST 50TH STREET NEW YORK NY 10022 8144084 0 X WWW.CHILDMIND.ORG X 2010 NY TRANSFORMING THE LIVES OF CHILDREN STRUGGLING WITH MENTAL HEALTH & LEARNING DISORDERS. 1 0 209 6 0 0 3871830 1414396 27608453 6537351 0 0 518204 192337 31998487 8144084 0 0 0 0 23353031 5878446 0 0 0 6794014 2160874 30147045 8039320 1851442 104764 6256324 6914522 6216422 6795673 39902 118849 X SEE SCHEDULE O 0 0 457911 510111 EDUCATION AND OUTREACH (SEE SCHEDULE O)EDUCATING THE PUBLIC: THE NY PRACTICE CREATES, PUBLISHES, AND OTHERWISE DISSEMINATES FREE EDUCATIONAL RESOURCES ABOUT MENTAL HEALTH AND HOW TO SUPPORT CHILDREN WHO HAVE MENTAL HEALTH DISORDERS AND CONDITIONS. FOR EXAMPLE, THE NY PRACTICE HAS CONTRIBUTED THE CLINICAL EXPERTISE THAT INFORMS DOZENS OF GUIDES ON CMI'S WEBSITE THAT COVER A WIDE VARIETY OF TOPICS RELATING TO MENTAL HEALTH, INCLUDING BASIC INFORMATION AND INFORMATION ABOUT THE PREVALENCE AND IDENTIFYING MARKERS OF CERTAIN DISORDERS AND CONDITIONS, COPING WITH DISTRESSING EVENTS AND TRAUMA, AND HOW TO SUPPORT PEOPLE WHO HAVE CERTAIN DISORDERS AND CONDITIONS. THE NY PRACTICE ALSO CONTRIBUTES THE CLINICAL EXPERTISE THAT INFORMS DOZENS OF ARTICLES ON CMI'S WEBSITE TO HELP FAMILIES AND EDUCATORS LEARN HOW TO SUPPORT PEOPLE WITH MENTAL HEALTH CONDITIONS, IMPROVE THEIR ACADEMIC PERFORMANCE, AND OTHERWISE ADDRESS A MULTITUDE OF CHALLENGES THAT CAN ARISE ON A DAY-TO-DAY BASIS.IN CONJUNCTION WITH CMI, THE NY PRACTICE ALSO CONDUCTS ONLINE AND IN-PERSON EDUCATIONAL PROGRAMS, INCLUDING LECTURES, TRAININGS, CLASSES, AND WORKSHOPS, ON TOPICS RELATING TO MENTAL HEALTH FOR PEOPLE WITH MENTAL HEALTH CONDITIONS AND THEIR FAMILIES, EDUCATORS, CAREGIVERS, AND OTHERS WHO WORK WITH PEOPLE WITH MENTAL HEALTH CONDITIONS, PEOPLE WHO HAVE EXPERIENCED TRAUMA, AND STUDENTS IN GENERAL.THE NY PRACTICE CONTRIBUTES EDUCATIONAL SERVICES THAT ARE REQUIRED FOR CMI'S SCHOOL AND COMMUNITY PROGRAMS, INCLUDING WORKSHOPS FOR TEACHERS AND PARENTS ON TOPICS LIKE STRESS MANAGEMENT, LEARNING SUPPORTS, BEHAVIOR MANAGEMENT, AND TRAUMA-INFORMED STUDENT SUPPORT, AS WELL AS TRAINING FOR SCHOOL COUNSELORS AND EDUCATORS TO DELIVER THE NY PRACTICE'S INTERVENTIONS INDEPENDENTLY.THE NY PRACTICE ALSO PROVIDES TUTORING AND REMEDIATION ON SCHOOL SUBJECTS AND EDUCATIONAL SKILLSETS, AND SCHOOL PLACEMENT CONSULTATIONS FOR STUDENTS WHO HAVE LEARNING AND DEVELOPMENT DISORDERS AND CONDITIONS.MEDIA AND PUBLIC OUTREACH: THE NY PRACTICE'S LICENSED THERAPISTS AND CLINICIANS AND BOARD-CERTIFIED PSYCHIATRISTS CONDUCT MEDIA APPEARANCES AND INTERVIEWS ON BEHALF OF CMI IN PRINT, ONLINE AND ON-AIR MEDIA OUTLETS SUCH AS NBC, ABC, CBS, AND CNN, AND ON TOPICS INCLUDING RESEARCH INTERPRETATION, PARENTING, AND SUICIDE PREVENTION. THE NY PRACTICE SPENDS APPROXIMATELY 5% OF THE NY PRACTICE'S ORGANIZATIONAL TIME AND RESOURCES ON MEDIA AND PUBLIC OUTREACH. THESE APPEARANCES, FOR WHICH THE NY PRACTICE IS NOT COMPENSATED AND WHICH HAVE REACHED MILLIONS OF VIEWERS AROUND THE WORLD, PROVIDE INVALUABLE SUPPORT FOR THE PUBLIC AWARENESS AND EDUCATIONAL COMPONENT OF CMI'S CHARITABLE PURPOSES BY HELPING TO DISSEMINATE EVIDENCE-BASED INFORMATION ABOUT CHILD AND ADOLESCENT MENTAL HEALTH CONDITIONS AND DISORDERS TO THE PUBLIC. 317439 339678 RESEARCH (SEE SCHEDULE O)THE NY PRACTICE CONTRIBUTES CLINICAL SERVICES THAT ARE REQUIRED FOR CMI'S SCIENTIFIC RESEARCH RELATING TO MENTAL HEALTH, THE RESULTS OF WHICH ARE FREELY SHARED WITH THE GLOBAL SCIENTIFIC AND MEDICAL COMMUNITY. THIS SCIENTIFIC RESEARCH IS INTENDED TO HELP ACQUIRE A FULL PICTURE OF HOW THE HUMAN BRAIN MATURES AND FUNCTIONS THROUGHOUT LIFE AND TO DEVELOP SCIENTIFIC ADVANCEMENTS THAT FACILITATE THE TREATMENT, PREVENTION AND EARLY DETECTION OF MENTAL HEALTH CONDITIONS AND DISORDERS. FOR EXAMPLE, ONE PROJECT IS TO CREATE A NEUROIMAGING AND DNA DATABASE OF MORE THAN 10,000 CHILDREN AND ADOLESCENTS THAT IS SHARED FREELY WITH THE SCIENTIFIC COMMUNITY. THE PURPOSE OF THE DATABASE IS TO DISCOVER BIOLOGICAL MARKERS OF MENTAL HEALTH DISORDERS IN THE DEVELOPING BRAIN AND THEREBY ADVANCE THE STUDY OF CHILD AND ADOLESCENT MENTAL HEALTH CONDITIONS AND DISORDERS AND ACCELERATE THE DISCOVERY OF SCIENTIFIC BREAKTHROUGHS THAT WILL HELP PEOPLE WITH MENTAL HEALTH CONDITIONS AND DISORDERS. ANOTHER AREA OF RESEARCH INVOLVES BUILDING AND APPLYING TECHNOLOGIES, SUCH AS WEARABLE DEVICES, MOBILE APPS, AND ANALYTICS TOOLS, TO HELP DIAGNOSE, ASSESS, MONITOR, AND IMPROVE MENTAL HEALTH. 5015534 5767815 CLINICAL SERVICES AND CLINICIAN PROFESSIONAL DEVELOPMENT (SEE SCHEDULE O)THE NY PRACTICE PROVIDES CLINICAL SERVICES TO CHILDREN AND ADOLESCENTS WITH MENTAL HEALTH CONDITIONS AND DISORDERS AND THEIR FAMILIES, INCLUDING PROVIDING DIAGNOSTIC EVALUATIONS, SPECIALTY TREATMENT PROGRAMS FOR A WIDE VARIETY OF CONDITIONS AND DISORDERS (INCLUDING ADHD AND BEHAVIORAL DISORDERS, ANXIETY DISORDERS, AUTISM, LEARNING AND DEVELOPMENT DISORDERS, MOOD DISORDERS, AND TIC AND TOURETTE SYNDROME, AMONG OTHERS), AND PSYCHOPHARMACOLOGY CARE. THE NY PRACTICE SPENDS APPROXIMATELY 70% OF THE NY PRACTICE'S ORGANIZATIONAL TIME AND RESOURCES ON CLINICAL SERVICES. THE NY PRACTICE'S CLINICAL SERVICES FOR PATIENTS AND THEIR FAMILIES INCLUDE THERAPY, BEHAVIORAL AND EMOTIONAL SKILLS TRAINING, IN-SCHOOL SUPPORT SERVICES AND INTERVENTIONS (INCLUDING IN-CLASS OBSERVATIONS AND COACHING, CONSULTATIONS WITH TEACHERS, ESTABLISHING BEHAVIOR PLANS, AND OTHER SERVICES DESIGNED TO IMPROVE ACADEMIC OUTCOMES FOR CHILDREN WITH MENTAL HEALTH CONDITIONS AND DISORDERS), GROUP PROGRAMS (INCLUDING GROUP THERAPY, PEER-BASED TRAINING PROGRAMS, SUPPORT GROUPS, AND OTHER PEER-ORIENTED CLINICAL SERVICES), AND OTHER THERAPEUTIC AND BENEFICIAL SERVICES. THE NY PRACTICE TAILORS EACH PATIENT'S TREATMENT PLAN TO FIT THE PATIENT'S NEEDS AND THE NEEDS OF THE PATIENT'S FAMILY. POSTDOCTORAL FELLOWSHIP PROGRAM: THE NY PRACTICE CONDUCTS ONE-YEAR (PSYCHOLOGISTS) AND TWO-YEAR (NEUROPSYCHOLOGISTS) FULL-TIME POSTDOCTORAL FELLOWSHIPS TO PROVIDE PROFESSIONAL TRAINING AND PREPARE FELLOWS WHO HAVE DEGREES IN CLINICAL PSYCHOLOGY OR CLINICAL CHILD PSYCHOLOGY FOR SUCCESSFUL CAREERS IN CHILD AND ADOLESCENT PSYCHOLOGY. FELLOWS IN THE PROGRAM ARE SUPERVISED BY THE NY PRACTICE LICENSED THERAPISTS AND CLINICIANS AND BOARD-CERTIFIED PSYCHIATRISTS AND THEY PARTICIPATE IN A VARIETY OF LEARNING EXPERIENCES, INCLUDING ATTENDING MULTIDISCIPLINARY CASE CONFERENCES, PARTICIPATING IN CLINICAL MEETINGS WITH PATIENTS, SUPPORTING GROUP TREATMENT AND OTHER CLINICAL PROGRAMS, ATTENDING LECTURES AND OTHER EDUCATIONAL PROGRAMMING PROVIDED BY THE NY PRACTICE, GIVING EDUCATIONAL PRESENTATIONS AT SCHOOLS AND OTHER COMMUNITY-BASED ORGANIZATIONS, AUTHORING OR CO- AUTHORING EDUCATIONAL PAPERS, ARTICLES, AND GUIDES, AND OTHERWISE TRAINING UNDER THE NY PRACTICE'S LICENSED THERAPISTS AND CLINICIANS AND BOARD-CERTIFIED PSYCHIATRISTS. FELLOWS IN THE PROGRAM FULFILL POSTDOCTORAL CLINICAL HOURS AND RECEIVE THE SUPERVISION NEEDED FOR LICENSURE. ALL FELLOWS ARE PAID A SALARY AND FULL BENEFITS DURING THE PROGRAM.CLINICAL EXTERNSHIP PROGRAM: THE NY PRACTICE CONDUCTS YEAR-LONG, PART-TIME CLINICAL EXTERNSHIP PROGRAMS IN FIVE DIFFERENT SUBJECT AREAS FOR PSYCHOLOGY GRADUATE STUDENTS IN DOCTORAL PROGRAMS. THE SUBJECT AREAS ARE ADHD AND BEHAVIOR DISORDERS, ANXIETY DISORDERS, MOOD DISORDERS, NEUROPSYCHOLOGY, AND CLINICAL RESEARCH. DURING THE PROGRAM, EXTERNS ATTEND CLINICAL DIDACTIC SEMINARS, CLINICAL CASE CONFERENCES, EDUCATIONAL LECTURES, AND EXTERN GROUP MEETINGS THAT ARE CONDUCTED AND LED BY THE NY PRACTICE. EXTERN TRAINING DIFFERS DEPENDING ON THE SUBJECT AREA BUT GENERALLY INCLUDES TRAINING WITH RESPECT TO DIAGNOSTIC ASSESSMENTS, WRITING, TREATMENT STRATEGIES AND RECOMMENDATIONS, AND RESEARCH. EXTERNS IN THE PROGRAMS ARE SUPERVISED BY THE NY PRACTICE'S LICENSED THERAPISTS AND CLINICIANS AND BOARD-CERTIFIED PSYCHIATRISTS.INTERNSHIP PROGRAM: THE NY PRACTICE CONDUCTS A SUMMER INTERNSHIP PROGRAM FOR UNDERGRADUATE STUDENTS WHO ARE INTERESTED IN CAREERS IN CHILD MENTAL HEALTH, MEDICINE, EDUCATION AND SPECIAL EDUCATION, PUBLIC HEALTH, NEUROSCIENCE, AND OTHER RELATED AREAS. THE INTERNSHIP PROVIDES STUDENTS WITH EXPERIENCE WORKING IN THE NY PRACTICE'S OUTPATIENT CLINICAL PRACTICE, LEARNING ABOUT EVIDENCE-BASED TREATMENTS FOR ADHD AND BEHAVIOR DISORDERS, ANXIETY DISORDERS, MOOD DISORDERS, LEARNING AND DEVELOPMENT, AND OTHER PSYCHIATRIC DISORDERS. DURING THE INTERNSHIP, INTERNS SHADOW THE NY PRACTICE'S LICENSED THERAPISTS AND CLINICIANS AND BOARD-CERTIFIED PSYCHIATRISTS, CONDUCT AND OTHERWISE PARTICIPATE IN RESEARCH PROJECTS, ATTEND EDUCATIONAL LECTURES, WORKSHOPS AND SEMINARS CONDUCTED BY THE NY PRACTICE, AND OTHERWISE SUPPORT THE NY PRACTICE AND ITS STAFF.SOCIAL WORK TRAINING PROGRAM: THE NY PRACTICE PROVIDES SUPERVISION AND TRAINING FOR LICENSED MASTERS SOCIAL WORKERS (LMSW) TO BECOME LICENSED CLINICAL SOCIAL WORKERS (LCSW). SOCIAL WORKERS IN THE PROGRAM ARE SUPERVISED BY THE NY PRACTICE LICENSED THERAPISTS AND CLINICIANS AND BOARD-CERTIFIED PSYCHIATRISTS, AND THEY PARTICIPATE IN A VARIETY OF LEARNING EXPERIENCES, INCLUDING ATTENDING MULTIDISCIPLINARY CASE CONFERENCES, PARTICIPATING IN CLINICAL MEETINGS WITH PATIENTS, SUPPORTING GROUP TREATMENT AND OTHER CLINICAL PROGRAMS, ATTENDING LECTURES AND OTHER EDUCATIONAL PROGRAMMING PROVIDED BY THE NY PRACTICE, GIVING EDUCATIONAL PRESENTATIONS AT SCHOOLS AND OTHER COMMUNITY-BASED ORGANIZATIONS, AUTHORING OR CO-AUTHORING EDUCATIONAL PAPERS, ARTICLES, AND GUIDES, AND OTHERWISE TRAINING UNDER THE NY PRACTICE'S LICENSED THERAPISTS AND CLINICIANS AND BOARD-CERTIFIED PSYCHIATRISTS. SOCIAL WORKERS IN THE PROGRAM FULFILL THE REQUIRED CLINICAL HOURS AND RECEIVE THE SUPERVISION NEEDED FOR LICENSURE. ALL SOCIAL WORKERS ARE PAID A SALARY AND FULL BENEFITS DURING THE PROGRAM.VISITING PROFESSOR LECTURE SERIES: THE NY PRACTICE INVITES LEADERS IN THE FIELD OF CHILD AND ADOLESCENT MENTAL HEALTH TO TALK ABOUT THE LATEST RESEARCH AND TREATMENT PROTOCOLS. ALL EVENTS ARE OPEN TO THE PUBLIC AND CONTINUING MEDICAL EDUCATION (CME) CREDITS FOR PSYCHIATRISTS AND CONTINUING EDUCATION (CE) CREDITS FOR PSYCHOLOGISTS ARE AVAILABLE TO REGISTERED COURSE PARTICIPANTS. 88652 97544 TRAINING PROGRAMS THE NY PRACTICE CONTRIBUTES CLINICAL EXPERTISE THAT INFORMS THE CHILD AND ADOLESCENT MENTAL HEALTH INITIATIVE, A PROGRAM TO HELP ENHANCE CHILD AND ADOLESCENT MENTAL HEALTH CARE CAPACITY AND STRENGTHEN THE INFRASTRUCTURE FOR THE PREVENTION, ASSESSMENT, AND TREATMENT OF MENTAL HEALTH STRUGGLES FACED BY CHILDREN AND ADOLESCENTS IN GREECE. THIS IS A NATIONWIDE "TRAIN-THE-TRAINER" PROGRAM THAT WILL BE SUPPLEMENTED BY FREE RESOURCES FOR HEALTHCARE PROFESSIONALS AND THE GENERAL PUBLIC. 88652 97544 5879536 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 X 45 0 209 1 0 0 0 0 0 0 0 0 0 0 1 0 X 1 0 1 0 0 0 1 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 NY X MARYANA GELLER CFO 2123083118 215 EAST 50TH STREET NEW YORK NY 10022 HAROLD KOPLEWICZ MD CEO, MEDICAL DIRECTOR, PSY 20.00 40.00 X X 488474 1594200 890308 MARY CORCORAN EXECUTIVE DIRECTOR 1.00 40.00 X 0 547638 49555 AMIE CLANCY CHIEF ADMINISTRATIVE OFFICER 1.00 40.00 X 0 306170 20614 MARYANA GELLER CHIEF FINANCIAL OFFICER 1.00 40.00 X 0 296795 65738 KATHLEYA CHOTIROS SECRETARY, GENERAL COUNSEL 1.00 40.00 X 0 204170 36802 MATTHEW CRUGER PHD CLINICAL DIRECTOR 40.00 0.00 X 450851 0 29081 ROY BOORADY MD PSYCHIATRIST 65.00 0.00 X 1581312 0 34244 NATALIE WEDER MD PSYCHIATRIST 55.00 0.00 X 1088900 0 34708 PAUL MITRANI MD PHD MEDICAL DIRECTOR, PSYCHIATRIST 55.00 0.00 X 890741 0 25901 ALI SARPER TASKIRAN MD PSYCHIATRIST 50.00 0.00 X 840269 0 45832 PAMELYNN ESPERANZA MD PSYCHIATRIST 60.00 0.00 X 1450380 0 79171 6790927 2948973 1311954 49 0 1 0 DOLP 825 PROPERTIES II LLC ONE BRYANT PARK 49TH FL NEW YORK NY 10036 CONSTRUCTION OF OFFICE SPACE 1171481 STUDIO OFFICE SOLUTIONS LLC 321 W 44TH ST STE 1003 NEW YORK NY 10036 OFFICE FURNITURE AND INSTALLATION 772170 NEXTGEN HEALTHCARE 18111 VON KARMAN AVENUE SUITE 600 IRVINE CA 92612 EMR SOFTWARE & CONSULTING SVCS 541538 WIRE WORKS BUSINESS SYSTEMS INC 155 SULLIVAN LANE WESTBURY NY 11590 AUDIO VISUAL AND TELECOMMUNICATIONS 462110 FRIED FRANK HARRIS SHRIVER & JACOBSON LL ONE NEW YORK PLAZA NEW YORK NY 10004 LEGAL SERVICES 279443 11 1414396 1414396 PATIENT SERVICE REVENU 621300 5578018 5578018 GRANT SUBCONTRACT 621300 959333 959333 6537351 ADMINISTRATIVE SERVICE 900099 189797 189797 OTHER REVENUE 900099 2540 2540 192337 8144084 6729688 0 0 X 341610 193752 147858 4856945 4171394 685551 90979 76904 14075 341485 293517 47968 247427 196192 51235 9017 9017 48983 48983 871372 196861 674511 546 546 62974 26217 36757 255219 133033 122186 570610 342769 227841 19152 12520 6632 6781 3757 3024 29622 17789 11833 42204 17608 24596 BANK & CREDIT CARD FEES 142871 141107 1764 STAFF DEVELOPMENT 46369 33402 12967 EXCISE TAXES 31999 31999 SUPPLIES 20140 20140 3015 2574 441 8039320 5879536 2159784 0 568199 395185 848748 1014118 653613 445697 4162509 209640 1887543 3952869 2298221 1106653 6256324 6914522 3224472 2259440 369382 401408 2622568 4134825 6216422 6795673 X 39902 118849 39902 118849 6256324 6914522 X 104764 -25817 X 0 1 X 1 0 X 3871830 1414396 5286226 2819692 23324192 27608453 6537351 60289688 2819692 23324192 31480283 7951747 65575914 0 0 0 65575914 177465 1082098 518204 192337 1970104 2997157 24406290 31998487 8144084 67546018 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: ADMINISTRATIVE SERVICES - 2020 AMOUNT: $ 157,573. 2021 AMOUNT: $ 926,005. 2022 AMOUNT: $ 816,301. 2023 AMOUNT: $ 189,797. OTHER REVENUE - 2020 AMOUNT: $ 19,892. 2021 AMOUNT: $ 44,236. 2022 AMOUNT: $ 6,903. 2023 AMOUNT: $ 2,540. GAIN ON LEASE EXIT ACTIVITY - 2021 AMOUNT: $ 111,857. 2022 AMOUNT: $ -305,000. PART III SECTION B LINE 14 CHILD MIND MEDICAL PRACTICE, PLLC RECEIVED A FAVORABLE DETERMINATION LETTER FOR TAX EXEMPT STATUS UNDER SECTION 501 (C) (3) OF THE INTERNAL REVENUE CODE IN MARCH 2022, EFFECTIVE JULY 31, 2021. ALSO, THE 2020 AND 2023 FORM 990 REPRESENTED SHORT YEAR RETURNS COVERING THE PERIODS FROM OCTOBER 1, 2023 TO DECEMBER 31, 2023 AND AUGUST 1, 2021 TO SEPTEMBER 30, 2021, RESPECTIVELY. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2434487 6340 2428147 1728022 203300 1524722 3952869 DUE FROM AFFILIATED ORGANIZATIONS - CA PRACTICE (SEE SCHEDULE L PART V) 411695 DUE FROM AFFILIATED ORGANIZATIONS - CMI (SEE SCHEDULE R) 694958 1106653 DUE TO AFFILIATED ORGANIZATION - CMI (SEE SCHEDULE R) 4134825 4134825 X 8144084 0 8144084 0 8144084 8065137 25817 25817 8039320 0 8039320 PART X, LINE 2: CHILD MIND MEDICAL PRACTICE, PLLC (THE "NEW YORK PRACTICE") IS SUBJECT TO THE PROVISIONS OF THE FASB ASC TOPIC 740, INCOME TAXES, AS IT RELATES TO ACCOUNTING AND REPORTING FOR UNCERTAINTY IN INCOME TAXES. BECAUSE OF THE NEW YORK PRACTICE'S GENERAL TAX-EXEMPT STATUS, ASC TOPIC 740 HAS NOT HAD, AND IS NOT ANTICIPATED TO HAVE, A MATERIAL IMPACT ON THE NEW YORK PRACTICE'S FINANCIAL STATEMENTS. PART XII, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT EXPENSES 25,817. X X 0 1 X X X X X X 0 1 0 0 0 0 0 1 0 HAROLD KOPLEWICZ MD CEO, MEDICAL DIRECTOR, PSY 488474 569765 0 1000000 0 24435 0 843005 0 47303 488474 2484508 0 0 ROY BOORADY MD PSYCHIATRIST 1581312 0 0 0 0 0 10000 0 24244 0 1615556 0 0 0 PAMELYNN ESPERANZA MD PSYCHIATRIST 1450380 0 0 0 0 0 0 0 79171 0 1529551 0 0 0 NATALIE WEDER MD PSYCHIATRIST 1088900 0 0 0 0 0 10000 0 24708 0 1123608 0 0 0 PAUL MITRANI MD PHD MEDICAL DIRECTOR, PSYCHIATRIST 887151 0 0 0 3590 0 10000 0 15901 0 916642 0 0 0 ALI SARPER TASKIRAN MD PSYCHIATRIST 840269 0 0 0 0 0 3126 0 42706 0 886101 0 0 0 MARY CORCORAN EXECUTIVE DIRECTOR 0 443134 0 100000 0 4504 0 10000 0 39555 0 597193 0 0 MATTHEW CRUGER PHD CLINICAL DIRECTOR 450851 0 0 0 0 0 10000 0 19081 0 479932 0 0 0 MARYANA GELLER CHIEF FINANCIAL OFFICER 0 293969 0 0 0 2826 0 10000 0 55738 0 362533 0 0 AMIE CLANCY CHIEF ADMINISTRATIVE OFFICER 0 306170 0 0 0 0 0 10000 0 10614 0 326784 0 0 KATHLEYA CHOTIROS SECRETARY, GENERAL COUNSEL 0 204170 0 0 0 0 0 10000 0 26802 0 240972 0 0 PART I, LINE 1A PAUL MITRANI, MD, PHD, MEDICAL DIRECTOR AND PSYCHIATRIST, RECEIVED FINANCIAL PLANNING SERVICES PAID BY THE NEW YORK PRACTICE. THIS BENEFIT WAS GROSSED-UP BY THE NEW YORK PRACTICE TO COVER EMPLOYEE PAYROLL TAXES AND TREATED AS TAXABLE COMPENSATION. PART I, LINE 1B THE CEO DETERMINED THE NEW YORK PRACTICE WOULD PROVIDE SUCH BENEFITS AFTER REVIEWING THE PLAN'S SERVICES AND COSTS. PART I, LINE 3 THE NEW YORK PRACTICE HAS ADOPTED A WRITTEN EXECUTIVE COMPENSATION REVIEW POLICY, WHICH IT FOLLOWS WHEN APPROVING THE COMPENSATION AND BENEFITS OF THE CHIEF EXECUTIVE OFFICER. THE CHIEF EXECUTIVE OFFICER'S COMPENSATION IS REVIEWED EVERY TWO TO THREE YEARS BY AN INDEPENDENT CONSULTANT, QUALIFIED TO REVIEW SIMILAR POSITIONS IN COMPARABLE NON-PROFIT ORGANIZATIONS. THE NEW YORK PRACTICE HAS ALSO ENGAGED A COMPENSATION CONSULTANT TO ASSESS THE REASONABLENESS OF THE COMPENSATION PROVIDED TO THE NEW YORK PRACTICE'S HIGHEST PAID EMPLOYEES, INCLUDING PSYCHIATRISTS. PART I, LINE 4B HAROLD KOPLEWICZ, MD, CEO, PARTICIPATES IN A 457(F) PLAN WITH A RELATED ORGANIZATION AS AGREED UPON IN HIS EMPLOYMENT AGREEMENT. IN 2023, THE RELATED ORGANIZATION, CMI, CONTRIBUTED $67,530 TO THE PLAN. CONTRIBUTIONS FROM CMI FULLY VEST AFTER ONE YEAR. PART I, LINE 7 CERTAIN CLINICIANS PROVIDING SERVICES TO PATIENTS OF THE NY PRACTICE ARE ELIGIBLE TO RECEIVE VARIABLE PAY OR INCENTIVES. PAYMENT OF SUCH REWARDS IS CONDITIONED ON THE ACHIEVEMENT OF FINANCIAL TARGETS RELATING TO COLLECTIONS FOR SERVICES. THE AMOUNTS PAID REPRESENT ONLY A LIMITED PORTION OF THE TOTAL COLLECTED; THE REMAINDER ENSURES THAT THE NY PRACTICE ACHIEVES A LEVEL OF REVENUE THAT WILL SUPPORT ITS OPERATIONS AND INVEST IN ENHANCING ITS OPERATIONS AND MEASURING PATIENT OUTCOMES CHILD MIND MEDICAL PRACTICE PC SEE PART V SEE PART V 0 HAROLD KOPLEWICZ MD SEE PART V SEE PART V 0 PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS (A) INTERESTED PERSON: HAROLD KOPLEWICZ, MD(B) ENTITIES: CHILD MIND MEDICAL PRACTICE, PC (THE "CA PRACTICE")(C) RELATIONSHIP: HAROLD KOPLEWICZ, MD , THE SOLE MEMBER OF CHILD MIND MEDICAL PRACTICE, PLLC (THE "NY PRACTICE"), IS ALSO THE SOLE SHAREHOLDER OF THE CA PRACTICE. THE CA PRACTICE WAS FORMED TO PROVIDE CLINICAL CARE AND TREATMENT TO CHILDREN AND ADOLESCENTS AND TO PERFORM CERTAIN ACTIVITIES RELATED TO CMI'S MISSION, WHICH UNDER APPLICABLE STATE LAW CMI IS NOT PERMITTED TO PERFORM AND WHICH ARE CRITICAL TO CMI'S MISSION TO TRANSFORM THE LIVES OF CHILDREN AND FAMILIES STRUGGLING WITH MENTAL HEALTH AND LEARNING DISORDERS.(D) TRANSACTIONS:(1) SERVICES AGREEMENT. PURSUANT TO A MUTUAL SERVICES AGREEMENT BETWEEN THE NY PRACTICE AND THE CA PRACTICE, THE NY PRACTICE PROVIDES CERTAIN SERVICES TO THE CA PRACTICE FOR WHICH THE CA PRACTICE COMPENSATES THE NY PRACTICE. CONSISTENT WITH THE NY PRACTICE'S INTERNAL POLICIES AND PROCEDURES, THIS COMPENSATION IS BASED ON THE ACTUAL COST OF PROVIDING THE SERVICES. THE CA PRACTICE'S PAYMENT OBLIGATIONS TO THE NY PRACTICE FOR SERVICES PROVIDED UNDER THIS SERVICE AGREEMENT IS CURRENTLY REFLECTED AS A RECEIVABLE ON THE NY PRACTICE'S FINANCIAL STATEMENTS IN THE AMOUNT OF $411,695 AS INCLUDED IN PART X OF THIS FORM 990.(2) BOARD OVERSIGHT OF RELATIONSHIP AND TRANSACTIONS:AS NOTED ABOVE, DR. KOPLEWICZ IS THE SOLE MEMBER OF THE NY PRACTICE AND THE SOLE SHAREHOLDER OF THE CA PRACTICE. ACCORDINGLY, THE TRANSACTIONS AMONG THE NY PRACTICE AND THE CA PRACTICE, INCLUDING THE AGREEMENT DESCRIBED ABOVE, WERE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS OF CMI. FURTHERMORE, THE AUDIT & FINANCE COMMITTEE OF THE BOARD OF DIRECTORS OF CMI OVERSEES THE ONGOING RELATIONSHIP AMONG CMI, THE NY PRACTICE AND THE CA PRACTICE IN ACCORDANCE WITH CMI'S CONFLICT OF INTEREST AND DISCLOSURE POLICY. FORM 990, PART III, LINE 1 CHILD MIND MEDICAL PRACTICE, PLLC (THE "NY PRACTICE") IS A PHYSICIAN PRACTICE ENTITY AFFILIATED WITH CHILD MIND INSTITUTE, INC. ("CMI"), A SECTION 501(C)(3) ORGANIZATION. BOTH THE NY PRACTICE AND CMI ARE LOCATED IN NEW YORK, NEW YORK. CMI'S CHARITABLE PURPOSE IS TO (I) PROVIDE PHYSICIANS, EDUCATORS, MENTAL HEALTH PROFESSIONALS, AND PARENTS WITH THE PROGRAMS, TOOLS, AND KNOWLEDGE NEEDED TO PROMOTE THE MENTAL HEALTH OF THE CHILDREN AND ADOLESCENTS THAT THEY SERVE, AND (II) CONDUCT AND SUPPORT RESEARCH PROGRAMS THAT ADVANCE THE SCIENTIFIC KNOWLEDGE, PREVENTION, AND TREATMENT OF CRITICAL MENTAL HEALTH PROBLEMS FACING CHILDREN AND ADOLESCENTS. A FUNDAMENTAL COMPONENT OF CMI'S CHARITABLE PURPOSES IS TO PROVIDE CHILDREN, ADOLESCENTS, AND THEIR FAMILIES WITH ACCESS TO CLINICAL SERVICES AND TO CONDUCT RESEARCH IN FURTHERANCE OF ADVANCING BRAIN SCIENCE, PRIMARILY AIMED AT DEVELOPING INNOVATIVE EFFECTIVE EVIDENCE-BASED TREATMENTS AND EXPERT DIAGNOSIS TO IMPROVE THE MENTAL HEALTH OF CHILDREN AND ADOLESCENTS. IN SUPPORT OF CMI'S CHARITABLE PURPOSES, THE NY PRACTICE EMPLOYS LICENSED THERAPISTS AND CLINICIANS AND BOARD CERTIFIED PSYCHIATRISTS AND (I) PROVIDES CLINICAL SERVICES TO CHILDREN AND ADOLESCENTS WITH PSYCHIATRIC, PSYCHOLOGICAL, LEARNING, EMOTIONAL, AND BEHAVIORAL (COLLECTIVELY, "MENTAL HEALTH") CONDITIONS AND DISORDERS AND THEIR FAMILIES, (II) CONDUCTS EDUCATIONAL PROGRAMMING TO EDUCATE THE PUBLIC, INCLUDING TEACHERS, HEALTHCARE PROVIDERS, AND OTHERS, ABOUT MENTAL HEALTH CONDITIONS AND DISORDERS, (III) CONDUCTS MEDICAL AND SCIENTIFIC RESEARCH RELATING TO MENTAL HEALTH CONDITIONS AND DISORDERS AND FREELY SHARES THE RESULTS WITH THE GLOBAL SCIENTIFIC AND MEDICAL COMMUNITY, AND (IV) OTHERWISE SUPPORTS CMI'S CHARITABLE PURPOSES, INCLUDING THROUGH MEDIA APPEARANCES AND OTHER PUBLIC OUTREACH. FORM 990, PART V, LINE 15 AND PART VII LINE 1 THE COMPENSATION NOTED ON PART VII TO PSYCHIATRISTS IS PAID FOR THE PERFORMANCE OF MEDICAL SERVICES BY LICENSED MEDICAL PROFESSIONALS AND IS NOT SUBJECT TO SECTION 4960 TAX ON PAYMENT OF MORE THAN $1,000,000 IN REMUNERATION OR EXCESS PARACHUTE PAYMENTS IN ACCORDANCE WITH SECTIONS 4960(C) (3) (B) AND (C) (5) (C) (III). FORM 990, PART VI, SECTION A, LINE 2 ALL OFFICERS ARE ALSO EMPLOYEES OF CHILD MIND INSTITUTE, INC. ("CMI"). FORM 990, PART VI, SECTION A, LINE 6 DR. HAROLD KOPLEWICZ IS THE SOLE MEMBER OF CHILD MIND MEDICAL PRACTICE, PLLC. FORM 990, PART VI, SECTION A, LINE 8B THE NY PRACTICE DOES NOT HAVE A BOARD OF DIRECTORS OR ANY COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B THE NY PRACTICE'S FORM 990 IS PREPARED BY AN OUTSIDE TAX PREPARER BASED ON INFORMATION PROVIDED BY THE ORGANIZATION'S FINANCE STAFF. THE DRAFT FORM 990 IS THEN REVIEWED BY THE NY PRACTICE'S GENERAL COUNSEL AND OUTSIDE COUNSEL. PRIOR TO FILING THE FORM 990 WITH THE IRS, A COPY IS SHARED WITH THE SOLE MEMBER AND ALL MEMBERS OF CMI'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE NEW YORK PRACTICE'S CONFLICT OF INTEREST AND DISCLOSURE POLICY REQUIRES MEMBERS AND OFFICERS TO DISCLOSE POTENTIAL AND ACTUAL CONFLICTS AND TO RECUSE THEMSELVES FROM DELIBERATIONS AND VOTES ON MATTERS THAT INVOLVE A CONFLICT. THE NEW YORK PRACTICE OBTAINS A SIGNED CONFLICT OF INTEREST DISCLOSURE FORM FROM EACH MEMBER, OFFICER, AND KEY EMPLOYEE ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE NY PRACTICE HAS ADOPTED A WRITTEN EXECUTIVE COMPENSATION REVIEW POLICY, WHICH CMI'S BOARD OF DIRECTORS FOLLOWS WHEN APPROVING THE COMPENSATION AND BENEFITS OF THE CEO. THE CEO'S COMPENSATION IS REVIEWED EVERY TWO TO THREE YEARS BY AN INDEPENDENT CONSULTANT, QUALIFIED TO REVIEW SIMILAR POSITIONS IN COMPARABLE NON-PROFIT ORGANIZATIONS. EACH YEAR, THE COMPENSATION COMMITTEE OF CMI'S BOARD OF DIRECTORS, WHICH IS COMPOSED OF NON-INTERESTED MEMBERS, REVIEWS THE INDEPENDENT CONSULTANT'S REPORT, INCLUDING APPROPRIATE COMPARABILITY DATA, AND MAKES A DETERMINATION ABOUT THE CEO'S ANNUAL COMPENSATION BASED ON ALL RELEVANT FACTORS, ENSURING THAT THE COMPENSATION IS REASONABLE. THE COMMITTEE REVIEWS THE CEO'S TOTAL COMPENSATION, WHICH INCLUDES BOTH CURRENT COMPENSATION AND ALL EMPLOYEE BENEFITS, BOTH QUALIFIED AND NON-QUALIFIED. THE COMMITTEE'S DELIBERATIONS AND DECISIONS ARE DOCUMENTED CONTEMPORANEOUSLY IN THE COMMITTEE'S MINUTES AND RETAINED IN THE ORGANIZATION'S RECORDS. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF ORGANIZATIONAL DOCUMENTS: THE NY PRACTICE'S FORMS 990, AUDITED FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST AND DISCLOSURE POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 123,108. MANAGEMENT AND GENERAL EXPENSES 157,389. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 280,497. ADMINISTRATIVE SERVICES FROM AFFILIATED ORGANIZATION: PROGRAM SERVICE EXPENSES 73,753. MANAGEMENT AND GENERAL EXPENSES 517,122. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 590,875. FORM 990, PART XI, LINE 9: BAD DEBT EXPENSE -25,817. CHILD MIND INSTITUTE INC 215 EAST 50TH STREET NEW YORK NY 10022 800478843 CHILDREN'S MENTAL HEALTH NY 501(C)(3) LINE 7 N/A 0 0 0 1 0 0 0 0 0 0 0 1 1 1 1 0 1 1 0 0 FORM 990, SCHEDULE R PART V TRANSACTIONS: (1) FORMATION. UNDER APPLICABLE STATE LAW, ONLY PERSONS WHO ARE LICENSED TO PRACTICE MEDICINE MAY HOLD AN OWNERSHIP INTEREST IN AN ENTITY FORMED TO PROVIDE CLINICAL CARE AND TREATMENT. CMI, AS A NEW YORK NOT-FOR-PROFIT CORPORATION, IS THEREFORE NOT PERMITTED TO HOLD AN OWNERSHIP INTEREST IN THE CHILD MIND MEDICAL PRACTICE, PLLC (THE "NY PRACTICE"). IN FURTHERANCE OF CMI'S MISSION, TO PROTECT CMI'S INTERESTS, TO SUPPORT CLINICAL AND RESEARCH ACTIVITIES CONDUCTED BY THE PRACTICE, AND TO COMPLY WITH THE FOREGOING OWNERSHIP REQUIREMENT, DR. KOPLEWICZ, A PHYSICIAN LICENSED IN NEW YORK AND CALIFORNIA, IS THE SOLE MEMBER OF THE NY PRACTICE. (2) THE MEMBERSHIP INTERESTS IN THE NY PRACTICE HAVE BEEN STRUCTURED SO THAT NO MEMBER CAN RECEIVE, OR OTHERWISE REALIZE, ANY ECONOMIC BENEFIT FROM HOLDING THESE MEMBERSHIP INTERESTS OR FROM THE SALE OR OTHER DISPOSITION THEREOF. THE MEMBER HAS ENTERED INTO A BUY-SELL AGREEMENT WITH THE NY PRACTICE PURSUANT TO WHICH HE HAS AGREED NOT TO SELL HIS INTERESTS TO ANY PARTY OTHER THAN THE NY PRACTICE, WHICH MAY RE-PURCHASE HIS INTERESTS FOR AN AMOUNT NOT TO EXCEED THE NOMINAL AMOUNT THAT THE MEMBER PAID TO ACQUIRE THEM. FURTHER, THE NY PRACTICE'S ARTICLES OF ORGANIZATION PROVIDE THAT THE NY PRACTICE IS TO BE OPERATED SOLELY FOR CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES IN FURTHERANCE AND SUPPORT OF CMI'S MISSION TO THE EXTENT NOT INCONSISTENT WITH RELEVANT NEW YORK LAW. NONE OF THE NY PRACTICE'S ASSETS, NET EARNINGS, INCOME OR PROFIT MAY BE DISTRIBUTED TO ANY MEMBER, MANAGER, OFFICER OR EMPLOYEE OF THE NY PRACTICE OR OTHER PRIVATE PERSON, AND IF THE NY PRACTICE IS EVER DISSOLVED, ITS ASSETS AND PROPERTY MUST BE DISTRIBUTED TO A CHARITABLE ORGANIZATION QUALIFYING FOR EXEMPTION FROM TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. CMI, THE NY PRACTICE, AND ITS MEMBER HAVE ALSO ENTERED INTO AN AFFILIATION AGREEMENT PROVIDING THAT THE MEMBER HOLDS HIS INTERESTS IN THE NY PRACTICE SOLELY FOR THE BENEFIT OF CMI AND CMI HAS THE RIGHT, IN ITS SOLE DISCRETION, TO FORCE THE TRANSFER OF A MEMBER'S INTERESTS IN THE NY PRACTICE TO ANOTHER LICENSED PHYSICIAN. (3) RESTRICTED GRANT AGREEMENT. TO FACILITATE THE FORMATION OF THE NY PRACTICE AND THE CONDUCT BY THE PRACTICE OF CLINICAL AND RESEARCH ACTIVITIES THAT FURTHER CMI'S MISSION, CMI ENTERED INTO A RESTRICTED GRANT AGREEMENT WITH THE NY PRACTICE PURSUANT TO WHICH CMI AGREED TO MAKE SPECIAL PURPOSE RESTRICTED GRANTS UP TO THE AGGREGATE AMOUNT OF $2,440,000. THE AGREEMENT WAS AMENDED TO ALLOW FOR FURTHER GRANTS FOR EXPENSES RELATED TO THE RELOCATION OF CMMP'S NY HEADQUARTERS (APPROX. $5M) AND CERTAIN INFRASTRUCTURE UPGRADES ($752,000). THE RESTRICTED GRANT AGREEMENT PROVIDES, AMONG OTHER THINGS, THAT: (X) THE NY PRACTICE IS REQUIRED TO OPERATE IN A MANNER THAT IS, AND LIMITS ITS ACTIVITIES TO THOSE THAT ARE, CONSISTENT WITH AND FURTHER THE MISSION OF CMI; (Y) THE GRANTS MUST BE USED BY THE NY PRACTICE EXCLUSIVELY IN CONNECTION WITH THE CONDUCT OF ACTIVITIES THAT FURTHER AND SUPPORT CMI'S MISSION; AND (Z) THE NY PRACTICE MUST OBSERVE VARIOUS REPORTING, BUDGETARY AND OTHER FINANCIAL REQUIREMENTS AND ENGAGE AUDITORS ACCEPTABLE TO CMI. IF THE NY PRACTICE FAILS TO OBSERVE THE REQUIREMENTS OF THE RESTRICTED GRANT AGREEMENT, THE AGREEMENT MAY BE TERMINATED, IN WHICH CASE UNSPENT FUNDS MUST BE RETURNED TO CMI AND DAMAGES MAY BE DUE. (4) SERVICES AGREEMENT. PURSUANT TO AN ADMINISTRATIVE SERVICES AGREEMENT BETWEEN CMI AND THE NY PRACTICE, CMI PROVIDES CERTAIN SERVICES TO THE NY PRACTICE. THE AGREEMENT PROVIDES FOR COMPENSATION BY THE NY PRACTICE FOR SUCH SERVICES, WHICH AMOUNTS MAY BE OFFSET BY CERTAIN SERVICES PROVIDED BY THE NY PRACTICE TO CMI. IN ADDITION, THE AGREEMENT SETS FORTH THAT THE TWO PARTIES WILL SHARE THE COST OF OFFICE SPACE RENT AND EXPENSES RELATED TO THE RELOCATION OF THEIR SHARED NY HEADQUARTERS. CONSISTENT WITH INTERNAL POLICIES AND PROCEDURES, THE PARTIES COMPENSATE EACH OTHER BASED ON ACTUAL EXPENSES INCURRED. THE PRACTICE'S PAYMENT OBLIGATIONS TO CMI FOR SERVICES PROVIDED UNDER THIS AGREEMENT IS CURRENTLY REFLECTED AS A PAYABLE ON THE NY PRACTICE'S FINANCIAL STATEMENTS IN THE AMOUNT OF $4,134,825, AS REFLECTED IN PART X OF THIS FORM 990. (5) LICENSE AGREEMENT. PURSUANT TO A LICENSE AGREEMENT BETWEEN CMI AND THE NY PRACTICE, CMI GRANTED A ROYALTY-FREE LICENSE TO USE CERTAIN OF ITS TRADEMARKS AND DOMAIN NAMES TO THE NY PRACTICE SUBJECT TO CERTAIN TERMS AND CONDITIONS, INCLUDING CMI'S RIGHT TO TERMINATE THE LICENSE AGREEMENT IN THE EVENT OF THE BREACH OF THE TERMS AND CONDITIONS OF THE RESTRICTED GRANT AGREEMENT. (6) GRANT SERVICES AGREEMENT. PURSUANT TO A GRANT SERVICES AGREEMENT BETWEEN CMI AND THE NY PRACTICE, CMI ENGAGES THE NY PRACTICE TO PROVIDE CERTAIN SERVICES REQUIRED BY CONTRIBUTIONS OR GRANTS THAT CMI HAS RECEIVED AND WHICH CMI IS UNABLE TO PROVIDE. CMI DISCLOSES TO ITS DONORS AND GRANTORS THAT SERVICES WILL BE SUB-CONTRACTED TO THE NY PRACTICES TO SATISTY THE REQUIREMENTS OF THE DONATION OR GRANT. FOR THE PERIOD OCTOBER 1, 2023 TO DECEMBER 31, 2023, AMOUNTS PAID BY THE NY PRACTICE PURSUANT TO THE GRANT SERVICES AGREEMENT IN PERFORMANCE OF THESE REQUIREMENTS AMOUNTED TO $959,333, INCLUDED UNDER GRANT SUBCONTRACT REVENUE IN PART VIII OF THIS FORM 990. (7) BOARD OVERSIGHT OF RELATIONSHIP AND TRANSACTIONS: AS NOTED ABOVE, DR. KOPLEWICZ IS THE PRESIDENT OF CMI AND THE SOLE MEMBER OF THE NY PRACTICE. ACCORDINGLY, THE TRANSACTIONS BETWEEN CMI AND THE NY PRACTICE, INCLUDING THE AGREEMENTS DESCRIBED ABOVE, WERE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS OF CMI. FURTHERMORE, THE AUDIT & FINANCE COMMITTEE OF THE BOARD OF DIRECTORS OF CMI OVERSEES THE ONGOING RELATIONSHIP BETWEEN CMI AND THE NY PRACTICE IN ACCORDANCE WITH CMI'S CONFLICT OF INTEREST AND DISCLOSURE POLICY.