2025-11-17T22:34:47-06:00 2024-12-31 991856619 GRANT THORNTON ADVISORS LLC 2001 MARKET STREET SUITE 800 PHILADELPHIA PA 19103 990 2024-01-01 222629594 COOPER UNIVERSITY HEALTH CAPE REGIONAL INC COOP 6094632471 2 STONE HARBOR BOULEVARD CAPE MAY COURT HOUSE NJ 08210 JOHN SCIANNI CFO 6094632471 2025-11-17 1 0 RUSSLEE ARMSTRONG P00288383 2155614200 2024 2025-03-06 01:10:19Z X KEVIN O'DOWD 1 FEDERAL ST CAMDEN NJ 08103 1559766 0 X HTTPS://WWW.COOPERHEALTHCAPE.ORG/ X 1984 NJ TO CONTINUALLY DEVELOP AND OPERATE A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM. 15 13 0 13 0 0 0 0 0 0 60950 10 100877 1434841 161827 1434851 0 0 0 0 0 38122 0 0 0 11968 1173406 11968 1211528 149859 223323 66130182 77327604 3975756 3293395 62154426 74034209 X THE MISSION OF THE COOPER UNIVERSITY HEALTH CAPE REGIONAL, INC. IS TO CONTINUALLY DEVELOP AND OPERATE A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM WHICH INCLUDES COOPER UNIVERSITY HOSPITAL CAPE REGIONAL, INC.; AN INTERNAL REVENUE CODE SECTION 501(C)(3) TAX EXEMPT HOSPITAL ORGANIZATION THAT PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN, OR ABILITY TO PAY. 0 0 878534 0 FUNCTIONING AS THE TAX-EXEMPT PARENT ORGANIZATION OF A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM WHICH INCLUDES COOPER UNIVERSITY HOSPITAL CAPE REGIONAL, INC.; AN INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXMPT OPRGANIZATION THAT PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, SEX, NATIONAL ORIGIN, OR ABILITY TO PAY. 878534 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 9 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 15 13 0 0 1 0 1 1 1 1 1 0 0 0 1 1 1 1 1 0 0 0 NJ X JOHN SCIANNI 6094632471 2 STONE HARBOR BOULEVARD CAPE MAY COURT HOUSE NJ 08210 X JOANNE CARROCINO FACHE TRUSTEE - PRESIDENT/CEO CRMC 55.00 0.00 X X 0 1961352 99698 TOOBA FAYYAZ DO TRUSTEE - VP MEDICAL STAFF 55.00 0.00 X 0 472241 32197 RICHARD A MICHNER MD TRUSTEE 1.00 0.00 X 0 0 0 GARRY GILBERT CHAIRMAN - TRUSTEE 1.00 0.00 X X 0 0 0 ROBERT A FINEBERG ESQ VICE CHAIRMAN - TRUSTEE 1.00 0.00 X X 0 0 0 HENRY S BRZYSKI SECRETARY/TREASURER - TRUSTEE 1.00 0.00 X X 0 0 0 RALPH AUTUORE TRUSTEE 1.00 0.00 X 0 0 0 ELLEN KRAVET BURKE TRUSTEE 1.00 0.00 X 0 0 0 THOMAS F DIERKES DO TRUSTEE 1.00 0.00 X 0 0 0 MARY ANNE FRANCISCO RN TRUSTEE 1.00 0.00 X 0 0 0 HERBERT L HORNSBY JR TRUSTEE 1.00 0.00 X 0 0 0 PASTOR WILLIE JOHNSON JR TRUSTEE 1.00 0.00 X 0 0 0 SUZANNE WALTERS TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM WENZEL JR TRUSTEE 1.00 0.00 X 0 0 0 BILL YOH TRUSTEE 1.00 0.00 X 0 0 0 0 2433593 131895 0 0 1 0 0 10 10 1559756 124915 1434841 1434841 1434841 1434851 0 0 1434851 35667 26750 8917 2455 1841 614 55467 13866 41601 4755 1189 3566 2364 1773 591 194425 145819 48606 90880 68160 22720 496909 372682 124227 18684 14013 4671 LICENSE AND TAXES 307395 230546 76849 2527 1895 632 1211528 878534 332994 0 135020 233536 31443 0 4394 0 22608 8687 13961255 166748 15144495 13794507 1420595 45063 49326564 63290874 66130182 77327604 91071 88585 3230720 3017039 653965 187771 3975756 3293395 X 62154426 74034209 62154426 74034209 66130182 77327604 X 223323 -904260 12560720 X 0 1 X 1 0 X X 1 COOPER UNIVERSITY HOSPITAL CAPE REGIONAL INC 210662542 3 1 714619 0 1 714619 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 1 SCHEDULE A, PART IV, SECTION D, QUESTION 3: COOPER UNIVERSITY HEALTH CAPE REGIONAL, INC. ('CRHS') IS A SUPPORTING ORGANIZATION OF COOPER UNIVERSITY HOSPITAL CAPE REGIONAL, INC. ('CRMC'); AN ORGANIZATION RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A TAX-EXEMPT HOSPITAL UNDER INTERNAL REVENUE CODE 501(C)(3). IN ADDITION, THE BOARD OF TRUSTEES OF CRHS AND CRMC ARE IDENTICAL. ACCORDINGLY, ALL DECISIONS REGARDING CRHS' INVESTMENT POLICIES AND USE OF ITS INCOME OR ASSETS ARE MADE ON A JOINT BASIS AND ARE ON BEHALF OF AND APPLY TO BOTH CRHS AND CRMC. SCHEDULE A, PART IV, SECTION E, QUESTION 3A: COOPER UNIVERSITY HEALTH CAPE REGIONAL, INC. IS A SUPPORTING ORGANIZATION OF COOPER UNIVERSITY HOSPITAL CAPE REGIONAL, INC.; AN ORGANIZATION RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A TAX-EXEMPT HOSPITAL UNDER INTERNAL REVENUE CODE 501(C)(3). ARTICLE IV, SECTION 2 OF COOPER UNIVERSITY HOSPITAL CAPE REGIONAL'S AMENDED AND RESTATED BYLAWS PROVIDE THAT THE BOARD OF TRUSTEES OF COOPER UNIVERSITY HEALTH CAPE REGIONAL, INC. SHALL APPOINT THE BOARD OF TRUSTEE MEMBERS OF COOPER UNIVERSITY HOSPITAL CAPE REGIONAL, INC. SCHEDULE A, PART IV, SECTION E, QUESTION 3B: COOPER UNIVERSITY HEALTH CAPE REGIONAL, INC.'S ("CRHS") ORGANIZATIONAL DOCUMENTS CONFORM TO THE REQUIREMENTS OF TREASURY REGULATION 1.509(A)-4(C)(1) IN THAT CRHS' STATED PURPOSES ARE CONSISTENT WITH THOSE SET FORTH IN INTERNAL REVENUE CODE 509(A)(3)(A). MOREOVER, THERE ARE NO PROVISIONS WHICH EXPRESSLY EMPOWER CRHS TO ENGAGE IN ACTIVITIES WHICH ARE NOT IN FURTHERANCE OF SAID PURPOSES AND WHICH EMPOWER CRHS TO SUPPORT, OR OPERATE FOR THE BENEFIT OF, ANY OTHER ORGANIZATION OUTSIDE OF CRHS AND ITS HEALTHCARE SYSTEM, OR IN PARTICULAR, COOPER UNIVERSITY HOSPITAL CAPE REGIONAL, INC. ("CRMC"). ARTICLE II, SECTION I OF THE AMENDED AND RESTATED BYLAWS OF CRMC PROVIDES THAT THE SOLE MEMBER OF CRMC SHALL BE CRHS, A NEW JERSEY NONPROFIT CORPORATION, AND ITS CORPORATE SUCCESSORS BY MERGER, CONSOLIDATION OR OTHERWISE AND THAT THERE SHALL BE NO OTHER MEMBER OR CLASSES OF MEMBERSHIP WHATSOEVER. ARTICLE III, SECTION II OF THE AMENDED AND RESTATED BYLAWS OF CRMC PROVIDES THAT CRHS RESERVES CERTAIN RIGHTS AND POWERS IN ITS CAPACITY AS SOLE MEMBER OF CRMC UNLESS OTHERWISE STATED. THESE INCLUDE APPROVAL POWERS, JOINT INITIATORY POWERS, AND SOLE AND EXCLUSIVE INITIATORY POWERS. ARTICLE IV, SECTION 1 OF THE AMENDED AND RESTATED BYLAWS OF CRMC PROVIDES THAT ALL POWERS OF CRMC SHALL BE EXERCISED BY AND UNDER THE AUTHORITY OF THE BOARD OF TRUSTEES, AND THE PROPERTY, BUSINESS AND AFFAIRS OF CRMC SHALL BE MANAGED UNDER THE DIRECTION OF THE BOARD, SUBJECT, HOWEVER, TO SUCH POWERS AS ARE RESERVED TO CRHS, AS PROVIDED HEREIN. ARTICLE IV, SECTION 2 OF THE AMENDED AND RESTATED BYLAWS OF CRMC PROVIDES THAT THE BOARD OF CRHS SHALL APPOINT THE BOARD OF CRMC. PLEASE ALSO REFER TO OUR RESPONSE TO SCHEDULE A, PART IV, SECTION D, QUESTION 3 ABOVE. 5010581 5010581 8881176 166310 8714866 67059 438 66621 2439 2439 13794507 INTERCOMPANY RECEIVABLES 63111962 PROJECT INTEREST 156468 RIGHT OF USE ASSETS 20434 OTHER RECEIVABLES 2010 63290874 CHO ACC AMORT - INTANGIBLES 113208 INTERCOMPANY PAYABLE 50058 LEASE LIABILITY CURRENT 20836 DUE FROM CAPE RADIOLOGY 3669 187771 X X X X X 0 1 0 0 0 0 1 0 0 JOANNE CARROCINO FACHE TRUSTEE - PRESIDENT/CEO CRMC 0 709595 0 0 0 1251757 0 77827 0 21871 0 2061050 0 1188572 TOOBA FAYYAZ DO TRUSTEE - VP MEDICAL STAFF 0 345848 0 126009 0 384 0 10350 0 21847 0 504438 0 0 PART I, LINE 4B DURING THE CALENDAR YEAR, AN OFFICER PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE INDIVIDUAL LISTED BELOW HAD A PORTION OF THE CONTRIBUTION VEST IN THE PLAN IN THE CURRENT YEAR. SUCH VESTED CONTRIBUTION IS REPORTED AS TAXABLE COMPENSATION ON SCHEDULE J, PART II, COLUMN B(III), OTHER REPORTABLE COMPENSATION. JOANNE CARROCINO FACHE $1,188,572 THE DEFERRED COMPENSATION AMOUNT REPORTED IN SCHEDULE J, PART II, COLUMN C FOR THE FOLLOWING INDIVIDUAL INCLUDES UNVESTED BENEFITS IN AN INTERNAL REVENUE CODE SECTION 457(F) PLAN (NON-QUALIFIED DEFERRED COMPENSATION PLAN) WHICH IS SUBJECT TO A SUBSTANTIAL RISK OF COMPLETE FORFEITURE. ACCORDINGLY, SHE MAY NEVER ACTUALLY RECEIVE THIS UNVESTED BENEFIT AMOUNT. THE AMOUNT OUTLINED HEREIN WAS NOT INCLUDED IN HER 2024 FORM W-2, BOX 5 AS TAXABLE MEDICARE WAGES: JOANNE CARROCINO, FACHE, $47,844. PART I, LINE 6 THE DEFERRED COMPENSATION AMOUNT REPORTED IN SCHEDULE J, PART II, COLUMN C MAY INCLUDE ADDITIONAL CONTRIBUTIONS MADE BY COOPER UNIVERSITY HOSPITAL CAPE REGIONAL, INC. ("CRMC"); A RELATED INTERNAL REVENUE CODE 501(C)(3) TAX-EXEMPT ORGANIZATION, TO EMPLOYEES THAT PARTICIPATE IN THE CRMC INTERNAL REVENUE CODE SECTION 403(B) DEFINED CONTRIBUTION RETIREMENT PLAN. ACCORDING TO ARTICLE 35 OF CRMC'S COLLECTIVE BARGAINING AGREEMENT, IF CRMC'S AUDITED INCOME FROM OPERATIONS AS REPORTED IN ITS AUDITED FINANCIAL STATEMENTS EXCEEDS CERTAIN THRESHOLDS OUTLINED IN THE COLLECTIVE BARGAINING AGREEMENT, CRMC WILL CONTRIBUTE ADDITIONAL FUNDS INTO EACH PARTICIPATING MEMBER'S INTERNAL REVENUE CODE SECTION 403(B) DEFINED CONTRIBUTION RETIREMENT PLAN ACCOUNT. PART I, LINE 7 CERTAIN INDIVIDUALS INCLUDED IN SCHEDULE J, PART II RECEIVED A BONUS DURING CALENDAR YEAR 2024. THESE AMOUNTS WERE INCLUDED IN COLUMN B(II) HEREIN AND IN EACH INDIVIDUAL'S 2024 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES. FORM 990, PAGE 1, BOX B, ORGANIZATION NAME CHANGE: EFFECTIVE JULY 1, 2024, THE FILING ORGANIZATION, PREVIOUSLY KNOWN AS CAPE REGIONAL HEALTH SYSTEM, INC. EFFECTUATED A NAME CHANGE TO COOPER UNIVERSITY HEALTH CAPE REGIONAL, INC. (CAPE REGIONAL HEALTH) WHEN IT BECAME A PART OF THE COOPER HEALTH SYSTEM, INC. A NEW JERSEY NON-PROFIT HEALTH SYSTEM (DBA: COOPER UNIVERSITY HEALTH CARE) ("COOPER") EIN: 21-0634462. COOPER IS NOW THE SOLE MEMBER OF CAPE REGIONAL HEALTH. FORM 990, PART VI, SECTION A, LINE 4 EFFECTIVE JULY 1, 2024, THE FILING ORGANIZATION, PREVIOUSLY KNOWN AS CAPE REGIONAL HEALTH SYSTEM, INC. EFFECTUATED A NAME CHANGE TO COOPER UNIVERSITY HEALTH CAPE REGIONAL, INC. (CAPE REGIONAL HEALTH) WHEN IT BECAME A PART OF THE COOPER HEALTH SYSTEM, INC. A NEW JERSEY NON-PROFIT HEALTH SYSTEM (DBA: COOPER UNIVERSITY HEALTH CARE) ("COOPER") EIN: 21-0634462. AS A RESULT OF THE MEMBER SUBSTITUTION, THE BYLAWS WERE UPDATED. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THE FILING ORGANIZATION IS THE COOPER HEALTH SYSTEM, INC. A NEW JERSEY NON-PROFIT HEALTH SYSTEM (DBA: COOPER UNIVERSITY HEALTH CARE). FORM 990, PART VI, SECTION A, LINE 7A THE SOLE MEMBER OF THE FILING ORGANIZATION IS THE COOPER HEALTH SYSTEM, INC. A NEW JERSEY NON-PROFIT HEALTH SYSTEM (DBA: COOPER UNIVERSITY HEALTH CARE). FORM 990, PART VI, SECTION A, LINE 7B THE SOLE MEMBER OF THE FILING ORGANIZATION IS THE COOPER HEALTH SYSTEM, INC. A NEW JERSEY NON-PROFIT HEALTH SYSTEM (DBA: COOPER UNIVERSITY HEALTH CARE). FORM 990, PART VI, SECTION B, LINE 11B THIS ORGANIZATION IS THE TAX-EXEMPT PARENT ENTITY OF COOPER UNIVERSITY HEALTH CAPE REGIONAL, INC. AND AFFILIATES ("SYSTEM"); A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM WHICH INCLUDES COOPER UNIVERSITY HOSPITAL CAPE REGIONAL, INC. THIS ORGANIZATION HAS AN EXECUTIVE COMMITTEE ("COMMITTEE"). THE ORGANIZATION'S FEDERAL FORM 990 WAS MADE AVAILABLE TO THE COMMITTEE, PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE ("IRS"). THE COOPER UNIVERSITY HEALTH CAPE REGIONAL, INC. COMMITTEE HAS ASSUMED THE RESPONSIBILITY TO OVERSEE AND COORDINATE THE FEDERAL FORM 990 PREPARATION, REVIEW AND FILING PROCESS FOR ALL TAX-EXEMPT AFFILIATES OF THE SYSTEM. AS PART OF THE ORGANIZATION'S FEDERAL FORM 990 TAX RETURN PREPARATION PROCESS THE ORGANIZATION HIRED A PROFESSIONAL FIRM WITH EXPERIENCE AND EXPERTISE IN BOTH HEALTHCARE AND NOT-FOR-PROFIT TAX RETURN PREPARATION TO PREPARE THE FEDERAL FORM 990. THE FIRM'S TAX PROFESSIONALS WORKED CLOSELY WITH THE ORGANIZATION'S FINANCE PERSONNEL AND SYSTEM INDIVIDUALS ("INTERNAL WORKING GROUP") TO OBTAIN THE INFORMATION NEEDED IN ORDER TO PREPARE A COMPLETE AND ACCURATE TAX RETURN. THE 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 FIRM. REVISIONS WERE MADE TO THE DRAFT FEDERAL FORM 990 WHERE NECESSARY AND A FINAL DRAFT WAS FURNISHED BY THE FIRM TO THE ORGANIZATION'S INTERNAL WORKING GROUP FOR FINAL REVIEW AND APPROVAL. FOLLOWING THIS REVIEW, THE FORM 990 WAS THEN PRESENTED TO THE SYSTEM'S COMMITTEE, PRIOR TO FILING THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION IS THE TAX-EXEMPT PARENT ENTITY OF COOPER UNIVERSITY HEALTH CAPE REGIONAL, INC. AND AFFILIATES ("SYSTEM"); A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM WHICH INCLUDES COOPER UNIVERSITY HOSPITAL CAPE REGIONAL, INC. THE ORGANIZATION AND THE SYSTEM REGULARLY MONITOR AND ENFORCE COMPLIANCE WITH ITS CONFLICT-OF-INTEREST POLICY. ANNUALLY ALL MEMBERS OF THE BOARD OF TRUSTEES, OFFICERS AND SENIOR MANAGEMENT PERSONNEL ARE REQUIRED TO REVIEW THE EXISTING CONFLICT OF INTEREST POLICY AND COMPLETE A QUESTIONAIRE. THE COMPLETED QUESTIONNAIRES ARE RETURNED TO THE ORGANIZATION AND THE SYSTEM'S PRESIDENT/CHIEF EXECUTIVE OFFICER FOR REVIEW. THEREAFTER THE PRESIDENT/CHIEF EXECUTIVE OFFICER PREPARES A SUMMARY OF THE COMPLETED QUESTIONNAIRES WHICH CONTAINS INFORMATION DISCLOSED ON AN INDIVIDUAL-BY-INDIVIDUAL BASIS, IF APPLICABLE, FOR REVIEW BY THE ORGANIZATION'S BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION IS THE TAX-EXEMPT PARENT ENTITY OF COOPER UNIVERSITY HEALTH CAPE REGIONAL, INC. AND AFFILIATES ("SYSTEM"); A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM WHICH INCLUDES COOPER UNIVERSITY HOSPITAL CAPE REGIONAL, INC. THIS FILING ORGANIZATION ITSELF HAS NO PAID SENIOR MANAGEMENT PERSONNEL RECEIVING COMPENSATION DIRECTLY FROM THIS ORGANIZATION. RATHER, KEY SENIOR MANAGEMENT PERSONNEL, INCLUDING THE PRESIDENT/CHIEF EXECUTIVE OFFICER ARE EMPLOYED BY THE TAX-EXEMPT HOSPITAL WITHIN THE HEALTHCARE SYSTEM. HOWEVER, THE COMPENSATION AND BENEFITS OF THE CHIEF EXECUTIVE OFFICER, IS SHOWN ON THIS TAX RETURN BECAUSE SHE IS ALSO A BOARD MEMBER OF THIS ORGANIZATION. ACCORDINGLY, THE ORGANIZATION'S BOARD OF TRUSTEES HAS AN EXECUTIVE EVALUATION AND 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 THE HOSPITAL'S SENIOR MANAGEMENT, INCLUDING THE PRESIDENT/CHIEF EXECUTIVE OFFICER. 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 IS REASONABLE. THE ACTIONS TAKEN BY THE COMMITTEE ENABLE THE HOSPITAL 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, INCLUDING THE PRESIDENT/CHIEF EXECUTIVE OFFICER. 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 REVIEWING OF HOSPITAL AND HEALTH CARE SYSTEM EXECUTIVE COMPENSATION AND BENEFITS THROUGHOUT THE UNITED STATES. THIS STUDY USED COMPARABLE GEOGRAPHIC AND DEMOGRAPHIC MARKET DATA INCLUDING BUT NOT LIMITED TO SIMILAR SIZED HOSPITALS, OF LICENSED BEDS AND NET PATIENT SERVICE REVENUE. THE COMMITTEE ADEQUATELY DOCUMENTED ITS 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 ONLY APPLIES TO CERTAIN SENIOR MANAGEMENT PERSONNEL INCLUDING, BUT NOT LIMITED TO, THE PRESIDENT/CHIEF EXECUTIVE OFFICER. THE COMPENSATION AND BENEFITS OF CERTAIN OTHER INDIVIDUALS CONTAINED IN THIS FORM 990 ARE REVIEWED ANNUALLY BY THE PRESIDENT/CHIEF EXECUTIVE OFFICER WITH ASSISTANCE FROM 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. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FILED CERTIFICATE OF INCORPORATION AND ANY AMENDMENTS, BYLAWS, AND CONFLICT OF INTEREST POLICY CAN BE VIEWED ON THE ORGANIZATION'S WEBSITE. PART VII AND SCHEDULE J: CORE FORM, PART VII AND SCHEDULE J REFLECT CERTAIN BOARD MEMBERS RECEIVING COMPENSATION AND BENEFITS FROM A RELATED ORGANIZATION. PLEASE NOTE THIS REMUNERATION WAS FOR SERVICES RENDERED AS FULL-TIME EMPLOYEES OF RELATED ORGANIZATION AND NOT FOR SERVICES RENDERED AS A VOTING MEMBER OF THIS ORGANIZATION'S BOARD OF TRUSTEES. PART VII, SECTION A, COLUMN B: THE ORGANIZATION IS THE TAX-EXEMPT PARENT ENTITY OF COOPER UNIVERSITY HEALTH CAPE REGIONAL, INC., AND AFFILIATES; A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM WHICH INCLUDES COOPER UNIVERSITY HOSPITAL CAPE REGIONAL, INC. ("SYSTEM"). THE SYSTEM INCLUDES BOTH FOR-PROFIT AND NOT-FOR-PROFIT ORGANIZATIONS. CERTAIN BOARD OF TRUSTEE MEMBERS AND OFFICERS 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 SHOWN ON THIS FORM 990, FOR BOARD MEMBERS WHO RECEIVE NO COMPENSATION FOR SERVICES RENDERED IN A NON-BOARD CAPACITY, REPRESENT THE ESTIMATED HOURS DEVOTED PER WEEK FOR THIS ORGANIZATION. TO THE EXTENT THESE INDIVIDUALS SERVE AS A MEMBER OF THE BOARD OF TRUSTEES OF OTHER RELATED ORGANIZATIONS IN THE SYSTEM, THEIR RESPECTIVE HOURS PER WEEK PER ORGANIZATION ARE APPROXIMATELY THE SAME AS REFLECTED IN CORE FORM, PART VII OF THIS FORM 990. THE HOURS REFLECTED ON CORE FORM, PART VII OF THIS FORM 990, FOR BOARD MEMBERS WHO RECEIVE COMPENSATION FOR SERVICES RENDERED IN A NON-BOARD CAPACITY, PAID OFFICERS, REFLECT TOTAL HOURS WORKED PER WEEK ON BEHALF OF COOPER UNIVERSITY HEALTH CAPE REGIONAL, INC., AND AFFILIATES, NOT SOLELY THIS ORGANIZATION. FORM 990, PART XI, LINE 9: TRANSFER FROM COOPER UNIVERSITY HOSPITAL CAPE REGIONAL, INC. 7,030,000. OTHER CHANGES IN NET ASSETS 5,530,720. CAPE REGIONAL HOLDINGS LLC 2 STONE HARBOR BLVD CAPE MAY COURT HOUSE NJ 08210 452206617 REAL ESTATE NJ 736622 77210727 CRHS COOPER MEDICAL SERVICES INC 1 FEDERAL ST SUITE NW2-400 CAMDEN NJ 08103 223832149 HEALTH SVCS NJ 501(C)(3) LINE 11 CH SYSTEM 0 THE COOPER FOUNDATION 1 FEDERAL ST SUITE NW2-400 CAMDEN NJ 08103 222213715 SUPPORT CHS NJ 501(C)(3) LINE 7 CH SYSTEM 0 COOPER UNIVERSITY HOSPITAL CAPE REGIONAL INC 2 STONE HARBOR BOULEVARD CAPE MAY COURT HOUSE NJ 08210 210662542 HEALTHCARE NJ 501(C)(3) LINE 3 CRHS 1 THE COOPER HLTH SYS - WRKRS COMP TRUST 1 FEDERAL ST SUITE NW2-400 CAMDEN NJ 08103 226409235 SUPPORT CHS NJ 501(C)(3) LINE 11 CH SYSTEM 0 COOPER CANCER CENTER INC 1 FEDERAL ST SUITE NW2-400 CAMDEN NJ 08103 460943572 HEALTH SVCS NJ 501(C)(3) LINE 11 CH SYSTEM 0 COOPER GYN ONCOLOGY ASSOCIATION PC 1 FEDERAL ST SUITE NW2-400 CAMDEN NJ 08103 223427282 PHYSICIAN PRACTICES NJ 501(C)(3) LINE 10 CH SYSTEM 0 COOPER PEDIATRICS PC 1 FEDERAL ST SUITE NW2-400 CAMDEN NJ 08103 222965846 PHYSICIAN 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