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We were affiliated to the Saint Vincent’s Hospital until 2010 before the hospital was closed and Beth Israel took over the center. Beth Israel is part of the Continuum Health Partners Corporation, a nonprofit organization which operates a network of hospitals in New York. It provides primary care services and specialty treatments to patients. Apart from offering the aforementioned services, the company also offers services to patients in group and private practice settings and ambulatory centers.
Continuum Health Partners Inc. was founded in 1997 by Beth Israel and Saint Luke’s –Roosevelt Hospital. A few years later, Long Island College Hospital and New York Eye and Ear infirmary joined the network. According to its website, it has a $2.1 billion budget and its hospital delivers inpatient care with a capacity of 3,100 certified beds distributed in seven major hospitals facilities in Manhattan and Brooklyn. Continuum Health Partners files an IRS form 990, which is the tax document that allows the IRS and the public to evaluate nonprofit organizations and how they operate.
Continuum Health Partners Corporation is a nonprofit organization that can be analyzed by reviewing its mission, tax exemption status, established board of trustees, policies and compensations. A nonprofit organization’s is required to have a mission that benefits the community, society or the world. According to Renz and Associates’ The Jossey-Bass Handbook, “a nonprofit organization is an unofficial government agency and it is not a business seeking to make profit” (2010, p35). Continuum qualifies as a nonprofit organization because it has a mission to benefit society by providing medical services.
According to the organization’s website, “Continuum’s goal is to ensure that each facility is equipped with the resources needed to provide the best care in a compassionate and friendly environment.” The organization states that it is well equipped to identify and respond to the health related needs of the population that it serves, especially in Manhattan and Brooklyn. Continuum Health Partner’s main objective is to improve health and health care in the various communities that it serves.
In general, it is a network of hospitals that work together to coordinate and deliver a broad spectrum of services to the community. Organizations that claim to be not-for-profit are eligible for tax exemptions. The Internal Revenue Service (IRS) code states that if an organization qualifies for the exemption, it is required to file form 1023 of the Internal Revenue Service. Even though, tax-exempt nonprofit organizations do not pay federal taxes, they do have to file a form with the IRS which allows them to maintain their tax-exempt status.
There are over seventy categories of tax-exempt nonprofit organizations registered in the federal tax law. Continuum Health Partners is registered in line with section 501(c) of the tax law which means that it is an American tax-exempt, nonprofit organization or association. In addition, Continuum is registered as under section 501(c) 3 of the same laws and therefore is a corporation that aims at promoting health. “Tax exemption is provided for a variety of organizations, which are described in section 501(c) 3 of the Internal Revenue Code (Continuum Health Partners, 2009).
Exemption is available for cooperative hospital
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