2012-05-02T12:04:39-05:00 2011-06-30 PricewaterhouseCoopers LLP 2001 MARKET ST SUITE 1700 PHILADELPHIA PA 19103 990 2010-07-01 204193243 EINSTEIN MEDICAL CENTER MONTGOMERY EINS 2154566760 5501 OLD YORK ROAD PHILADELPHIA PA 191413018 Mr Gerard Blaney 2012-04-27 true 2673303000 2010 2016-02-24 21:20:13Z BARRY FREEDMAN 5501 OLD YORK ROAD PHILADELPHIA PA 19141 2096920 false X www.einstein.edu X 2007 PA SEE STATEMENT 1 11 10 0 10 0 68256778 2094833 0 0 0 187 17191 1900 68273969 2096920 0 0 0 0 0 0 0 0 0 7977672 1448862 7977672 1448862 60296297 648058 386751918 397532355 322270531 332402910 64481387 65129445 X The Albert Einstein Healthcare Network is a not-for-profit corporation that controls related organizations in a health care delivery system serving the greater Delaware Valley through sole membership in those related organizations. The Albert Einstein Healthcare Network ("AEHN"), the parent company, together with its related member organizations, comprises the Albert Einstein Healthcare Network ("Network"). Einstein Medical Center Montgomery ("EMCM") is a controlled organization through AEHN. EMCM is constructing a new medical center to provide acute care services in a 146-bed hospital setting to residents in and around central Montgomery County. EMCM HAS, AS ITS PRINCIPAL PURPOSE, FURNISHING COMPREHENSIVE MEDICAL SERVICES, WHICH SERVICES SHALL INCLUDE NOT ONLY DIAGNOSTIC AND CURATIVE MEDICAL CARE, BUT ALSO SHALL INCLUDE, WITHOUT LIMITATION, PREVENTATIVE MEDICAL CARE, CARE OF THE CHRONICALLY ILL, REHABILITATION OF THE DISABLED AND SEMI-INVALID, DENTAL CARE, PSYCHIATRIC CARE, IMPROVED F false false 1445368 EMCM is a development stage company and to date has had no operations other than exploratory costs associated with site acquisition and strategic planning studies. Prior to the opening of the new hospital, the activities of EMCM include planning and developemnt of the new hospital, making decisions regarding the scope of clinical services, programs and facilities. Upon the opening of the new hospital, EMCM will be the operation of the new hospital and the health care facilities and services in Montgomery County. 1445368 true true false false false false false false false true true false false true false false true false false false false false false false false false false false true true false false false false false false false false false false false false false false false true false false false false true 0 0 true 0 false false false false false false false false false false X 11 10 false false false false true true true true true false false true true true true true true true true false PA WI X LEONARD WARREN 2154566760 5501 OLD YORK ROAD PHILADELPHIA PA 19141 RICHARD J BRAEMER ESQ 2.0 X 0 0 0 JOHN E F CORSON 2.0 X X 0 0 0 BARRY R FREEDMAN 2.0 X X 0 1668555 344548 ANDREW B CANTOR ESQ 2.0 X X 0 0 0 EUGENE W BUCKLEY 2.0 X 0 0 0 TIMOTHY M CASEY 2.0 X 0 4034928 75778 LEONARD I KORMAN 2.0 X 0 0 0 ROBERT P KRAUSS ESQ 2.0 X 0 0 0 ARTHUR L POWELL 2.0 X 0 0 0 RICHARD C SHEERR 2.0 X X 0 0 0 LEWIS I GANTMAN 2.0 X 0 0 0 PENNY J REZET ESQ 2.0 X 0 355485 77270 BRIAN K DERRICK 2.0 X 0 574966 89617 DIANE BENHAYON 2.0 X 0 87230 40369 0 6721164 627582 0 false true false GILBANE CONSTRUCTION CO 100 PENN SQUARE EAST STE 1040 PHILADELPHIA PA 19107 CONSTRUCTION 65840204 SAUL EWING LLP 3800 CENTRE SQUARE WEST 1500 MARKE PHILADELPHIA PA 191022186 LEGAL FEES 178756 GOLDMAN SACHS 85 Broad Street NEW YORK NY 10004 FINANCIAL 644629 KURT SALMON ASSOCIATES PO BOX 930916 ATLANTA GA 31193 Consultants 1486536 4 2094833 2094833 0 187 187 0 0 1900 1900 1900 1900 0 0 0 0 0 2096920 2087 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1358421 1358421 0 0 0 0 0 0 86947 86947 0 0 0 0 3494 0 3494 0 0 0 0 0 1448862 1445368 3494 0 55723 34021 175000 175000 10776091 12182421 113341544 49646821 113341544 326098283 271798369 1000 386751918 397532355 124599 4461 316878766 322638567 5267166 9759882 322270531 332402910 X 64481387 65129445 64481387 65129445 386751918 397532355 648058 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 113342544 113342544 113342544 0 AEHN PARENT LOAN PAYABLE 453833 DUE TO AFFILIATES 2170540 LOAN PAYABLE 7135509 9759882 SCHEDULE D, PART XIV, FIN 48 DISCLOSURE NO ADJUSTMENTS TO THE FINANCIAL STATEMENTS WERE REQUIRED AS A RESULT OF THE IMPLEMENTATION OF FIN 48. X X X X X X false true false false false false false true false BARRY R FREEDMAN 0 831976 0 165000 0 671579 0 319336 0 25212 0 2013103 0 365159 PENNY J REZET ESQ 0 267175 0 58531 0 29779 0 53178 0 24092 0 432755 0 27500 BRIAN K DERRICK 0 376704 0 80305 0 117957 0 63696 0 25921 0 664583 0 39250 TIMOTHY M CASEY 0 665045 0 292229 0 3077654 0 0 75778 0 4110706 0 SCHEDULE J, PART I, LINE 4b Barry Freedman and Susan Bernini participate in a 457 (F) supplemental Non qualified retirement plan. Barry Freedman received $365,000 from such plan. SCHEDULE J, PART I, LINE 7 The organization has in place a Pay for Performance Plan where certain executives may earn a percentage of such individual executive's base salary, depending upon whether he or she achieves individual goals set in advance and whether the organization meets a financial performance threshold. The actual payment made depends upon whether all or a portion of the goals have been achieved in the time frame specified. The decision as to whether incentive compensation is awarded to the eligible executives is made by the compensation committee. MONTGOMERY CTY INDUSTRIAL DEV AUTHORITY 232245125 613609YL4 2010-06-23 316517788 FINANCE CORP COSTS FOR ACUTE HOSP false false false 316517788 24396418 2591239 12344748 3675317 57781065 216516515 2012 false false false true false false false false false 0.00000 0.00000 0.00000 true false false false true See Part V true false true PART IV 4b and C: The portion of proceeds placed in the Project Fund - Mortgage Account are invested in a GIC provided by the Royal Bank of Canada with a term of 2.8 years. The portion of the proceeds placed in a Debt Service Reserve Fund are invested in a GIC provided by Berkshire Hathaway with a term of 28.1 years. FORM 990, PART VI, SECTION A, LINES 6, 7A AND 7B As per the Articles of Incorporation, the sole member IS ALBERT EINSTEIN HEALTHCARE NETWORK, a PA nonprofit corporation. As SOLE member, ALBERT EINSTEIN HEALTHCARE NETWORK holds certain powers of election and approval in connection with the governing body. These powers are presented in detail in the ORGANIZATIONs governing documents which the ORGANIZATION makes available to the public upon request. FORM 990, PART VI, SECTION A, LINE 11A The Form 990 is prepared in connection with Albert Einstein Healthcare Network's independent accounting firm, PricewaterhouseCoopers LLP and is reviewed internally by Albert Einstein Healthcare Network management. The Form 990 is then provided to the Audit Committee of the Governing Body for review and approval before filing. FORM 990, PART VI, SECTION B, LINE 12C In accordance with Organization Policy, each member of the Board of Trustees, all Key employees and officers are required to complete a comprehensive conflict of interest disclosure for review by the Governance Committee of the Board of Trustees. Any actual or potential conflicts of interest are discussed and resolved in accordance with specific guidelines and reported to the Board of Trustees. FORM 990, PART VI, SECTION B, LINE 15 The Board of Trustees of Albert Einstein Healthcare Network, the sole member of Einstein Medical center montgomery, is responsible for compensation matters and has delegated the responsibility for compensation to the compensation committee of the AEHN Board of trustees. Independent members of the Compensation Committee review and approve the compensation for the CEO and all other officers and key employees of EINSTEIN MEDICAL CENTER MONTGOMERY. The Compensation Committee requires that one or more independent compensation experts review the compensation of all such persons to determine that such compensation is appropriate and reasonable and such independent expert uses applicable comparability data. The Committee reviews the reports of the independent experts in detail and documents the data reviewed, the deliberation and discussion contemporaneously. FORM 990, PART VI, SECTION C, LINE 19 The organization makes its governing documents, conflict of interest policy, and financial statements available upon request. FORM 990, PART VII, SECTION A, COLUMN B The officers devote their time to all of the organizations within Albert Einstein healthcare network. As such, the total hours worked by the officers, across all of the organizations, cumulatively represent their full-time employment status. ALBERT EINSTEIN HEALTHCARE NETWORK 5501 OLD YORK ROAD PHILADELPHIA PA 19141 232290323 HEALTHCARE PA 501(c)(3) 11B NA ALBERT EINSTEIN MEDICAL CENTER 5501 OLD YORK ROAD PHILADELPHIA PA 19141 231396794 HEALTHCARE PA 501(C)(3) 3 AEHN EINSTEIN PRACTICE PLAN INC 5501 OLD YORK ROAD PHILADELPHIA PA 19141 232664784 HEALTHCARE PA 501(C)(3) 11A AEHN EINSTEIN COMMUNITY HEALTH ASSOCIATES 5501 OLD YORK ROAD PHILADELPHIA PA 19141 232760086 HEALTHCARE PA 501(C)(3) 11A AEHN BELMONT CENTER FOR COMP TREATMENT 4200 MONUMENT ROAD PHILADELPHIA PA 19131 231352200 HEALTHCARE PA 501(c)(3) 3 AEHN GHMC MANAGEMENT INC 5501 OLD YORK ROAD PHILADELPHIA PA 19141 232225809 HEALTHCARE PA 501(C)(3) 11A AEHN FRIENDS OF MOSS REHAB 12th Streets Tabor Road Philadelphia PA 19141 222483287 HEALTHCARE PA 501(C)(3) 11A AEHN MONTGOMERY HOSPITAL 1301 Powell St Norristown PA 19401 231352193 HEALTHCARE PA 501(C)(3) 3 AEHN MONTGOMERY HEALTH FOUNDATION 1330 Powell St Norristown PA 19401 222456265 HOSP SUPPORT PA 501(C)(3) 11B AEHN FORNANCE PHYSICIAN SERVICES INC 1330 Powell St STE 509 Norristown PA 19401 232275991 HEALTHCARE PA 501(C)(3) 11A AEHN MONTGOMERY HOSPITAL WORKERS COMPENSATION 1301 Powell St Norristown PA 19401 232351775 HEALTHCARE PA 501(C)(3) 11A AEHN BROADLINE RISK RETENTION GROUP 100 Bank Street Burlington VT 05401 272583356 INSURANCE VT 501(C)(3) 11A AEHN MONTGOMERY HOSPITAL SELF INSURED TRUST 1301 Powell Street Norristown PA 19401 556151681 INSURANCE PA 501(C)(3) 11A AEHN EINSTEIN HEALTHCARE SYSTEMS INC 101 Olney Avenue Philadelphia PA 19120 232314938 Holding Company PA AEHN C corp 3785 1490502 1.00000 REHAB VENTURES INC 1200 W Tabor Road Philadelphia PA 19141 232619394 Holding Company PA AEMC C corp -1927 1847905 1.00000 CMMC INC 15 W Wood Street Norristown PA 19401 232256479 RENTAL PROPERTIES PA AEHN C Corp 444210 1295767 1.00000 false false true false false false false false false false false false false false false false false false