MOUNT SINAI MEDICAL CENTER INC: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- MOUNT SINAI MEDICAL CENTER INC (EIN 13-6271888)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-14
- IRS object ID
- 202423199349308012
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-14T12:21:07+00:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 346565596 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERNST & YOUNG US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE MANHATTAN WEST | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100018604 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 136271888 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE MOUNT SINAI MEDICAL CENTER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MOUN | BusinessNameControlTxt |
| Phone | 6466054095 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE GUSTAVE L LEVY PLACE | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10029 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | STEPHEN HARVEY | PersonNm |
| Person Title | EVP, SYSTEM CFO/CCS | PersonTitleTxt |
| Phone | 6466054002 | PhoneNum |
| Signature | 2024-11-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Nicole Sokolowski | PreparerPersonNm |
| PTIN | P01683199 | PTIN |
| Phone | 2127733000 | PhoneNum |
| Preparation | 2024-11-13 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
Principal Ofcr Business Name PrincipalOfcrBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | STEPHEN HARVEY | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE GUSTAVE L LEVY PLACE | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10029 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $1,001,000 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | N/A | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1967 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | THE MEDICAL CENTER SUPERVISES AND COORDINATES POLICIES AND FUNDRAISING ACTIVITIES AND ADMINISTERS INVESTMENTS FOR ENTITIES OF THE MOUNT SINAI HEALTH SYSTEM, INC. | ActivityOrMissionDesc |
| Voting Members Governing Body | 55 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 55 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | -$2,689,363 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $91,757 | PYContributionsGrantsAmt |
| CY Contributions Grants | $761,190 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $0 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,001,000 | CYInvestmentIncomeAmt |
| PY Other Revenue | $5,749,237 | PYOtherRevenueAmt |
| CY Other Revenue | -$761,190 | CYOtherRevenueAmt |
| PY Total Revenue | $5,840,994 | PYTotalRevenueAmt |
| CY Total Revenue | $1,001,000 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $0 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $30,000 | PYOtherExpensesAmt |
| CY Other Expenses | $462,722 | CYOtherExpensesAmt |
| PY Total Expenses | $30,000 | PYTotalExpensesAmt |
| CY Total Expenses | $462,722 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $5,810,994 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $538,278 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $2,341,344,251 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,528,989,179 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $2,326,381,046 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,514,025,974 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $14,963,205 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $14,963,205 | NetAssetsOrFundBalancesEOYAmt |
| Mission | PROVIDE FUNDRAISING, SUPPORT, AND MAINTAINS POOLED INVESTMENTS FOR ENTITIES OF THE MOUNT SINAI HEALTH SYSTEM, INC. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $0 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | THE MEDICAL CENTER IS A COMMON MEMBER OF AN INVESTMENT IN 8 EAST 102ND STREET MANAGER LLC. ALL EARNINGS RELATED TO THIS INVESTMENT ARE DISTRIBUTED TO ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI TO PROVIDE STRATEGIC SUPPORT. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $0 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | THE MEDICAL CENTER MAINTAINS INVESTMENTS IN A POOLED INVESTMENT PORTFOLIO FOR THE BENEFIT OF ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI, THE MOUNT SINAI HOSPITAL, MOUNT SINAI AUXILIARY BOARD, ST LUKE'S-ROOSEVELT HOSPITAL CENTER, BETH ISRAEL MEDICAL CENTER, NEW YORK EYE AND EAR INFIRMARY, AS WELL AS THE MEDICAL CENTER; COLLECTIVELY, THE MOUNT SINAI HEALTH SYSTEM. THE MOUNT SINAI HEALTH SYSTEM'S PERMANENTLY RESTRICTED ASSETS ARE HELD IN PERPETUITY, BUT THE INCOME DERIVED FROM THESE ASSETS CAN BE USED OR EXPENDED, IN PART OR IN ENTIRETY, FOR EITHER SPECIFIED OR UNSPECIFIED PURPOSES OF THE RESPECTIVE ENTITY, IN ACCORDANCE WITH MOUNT SINAI'S POLICIES AND PROCEDURES GOVERNING THE MANAGEMENT OF INSTITUTIONAL FUNDS. IN ACCORDANCE WITH THE MOUNT SINAI HEALTH SYSTEM'S INVESTMENT POOL AGREEMENT, THE BOOK INCOME EARNED FROM POOLED INVESTMENTS IS CONSOLIDATED IN THE SUPPORTED ENTITIES' RESPECTIVE STATEMENTS OF ACTIVITIES. THE MEDICAL CENTER'S BOOK INCOME DERIVED FROM IT'S PERMANENTLY RESTRICTED ASSETS IS USED TO SUPPORT EITHER SPECIFIED (GENERALLY, THE SCHOOL) OR UNSPECIFIED PURPOSES. THE INVESTMENTS MAINTAINED BY THE MEDICAL CENTER IN THE POOLED INVESTMENT PORTFOLIO MAY GENERATE UNRELATED BUSINESS TAXABLE INCOME ("UBIT"); IN THE EVENT UBTI IS ASSESSED TO THE MEDICAL CENTER, AS THE LEGALLY NAMED ENTITY ON THE INVESTMENT (TYPICALLY A K-1 STATEMENT), THE MEDICAL CENTER REPORTS ALL OF THE UBIT ON ITS 990T AND REMITS THE APPROPRIATE TAX LIABILITY ESTIMATES TO THE IRS AND SETTLES ANY INCOME TAX EXPENSE WITH THE IRS WHEN THE MEDICAL CENTER'S 990T IS FILED FOR THE CORRESPONDING TAX YEAR. THE MEDICAL CENTER ALLOCATES THE INCOME TAX EXPENSE TO THE ENTITIES OF THE HEALTH SYSTEM BASED ON THE EARNINGS DERIVED ON THEIR PRORATA SHARE OF THE INVESTMENT POOL IN ACCORDANCE WITH THE MOUNT SINAI HEALTH SYSTEM'S INVESTMENT POOL AGREEMENT; NONE OF THE OTHER ENTITIES ARE REQUIRED TO REPORT ANY UBIT FROM THE POOLED INVESTMENTS MAINTAINED BY THE MEDICAL CENTER UNDER THE MOUNT SINAI HEALTH SYSTEM INVESTMENT POOL AGREEMENT. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $0 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (true) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | false | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (true) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | Yes (true) | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (true) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 55 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 55 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (true) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | false | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | STEPHEN HARVEY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6466054002 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 150 E 42ND ST 9TH FLOOR | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10017 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (73 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| ANDREW M SAUL | ||||||||
| VICE CHAIRMAN/TRUSTEE | 2.0 | 14.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| BONNIE M DAVIS MD | ||||||||
| VICE CHAIRMAN/TRUSTEE | 2.0 | 14.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| BRAD KARP | ||||||||
| SECRETARY/TRUSTEE | 2.0 | 14.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| DONALD J GOGEL | ||||||||
| VICE CHAIRMAN/TRUSTEE | 2.0 | 14.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| HENRY R KRAVIS | ||||||||
| VICE CHAIRMAN/TRUSTEE | 2.0 | 14.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| HON ROBERT E RUBIN | ||||||||
| VICE CHAIRMAN/TRUSTEE | 2.0 | 14.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| JAMES S TISCH | ||||||||
| CO-CHAIRMEN | 2.0 | 14.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| JAMES W CRYSTAL | ||||||||
| VICE CHAIRMAN/TRUSTEE | 2.0 | 14.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| JEFF T BLAU | ||||||||
| VICE CHAIRMAN/TRUSTEE | 2.0 | 17.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| JOEL S EHRENKRANZ | ||||||||
| VICE CHAIRMAN/TRUSTEE | 2.0 | 14.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| JOHN A LEVIN | ||||||||
| VICE CHAIRMAN/TRUSTEE | 2.0 | 14.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| JUDITH O RUBIN | ||||||||
| VICE CHAIRMAN/TRUSTEE | 2.0 | 14.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| MICHAEL MINIKES | ||||||||
| VICE CHAIRMAN/TREASURER/TRUSTEE | 2.0 | 23.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| RICHARD A FRIEDMAN | ||||||||
| CO-CHAIRMEN | 2.0 | 14.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| RICHARD RAVITCH | ||||||||
| VICE CHAIRMAN/TRUSTEE (TERM END 6/23) | 2.0 | 17.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| STEVEN HOCHBERG | ||||||||
| VICE CHAIRMAN/TRUSTEE | 2.0 | 19.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| THOMAS W STRAUSS | ||||||||
| VICE CHAIRMAN/TRUSTEE | 2.0 | 14.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| ADAM SHAPIRO | ||||||||
| TRUSTEE | 1.0 | 1.0 | Yes (X) | $0 | $0 | $0 | ||
| ALEJANDRO SANTO DOMINGO | ||||||||
| TRUSTEE | 1.0 | 0.5 | Yes (X) | $0 | $0 | $0 | ||
| ANDREW M ALPER | ||||||||
| TRUSTEE | 1.0 | 5.0 | Yes (X) | $0 | $0 | $0 | ||
| ANTON LEVY | ||||||||
| TRUSTEE | 1.0 | 1.0 | Yes (X) | $0 | $0 | $0 | ||
| CAROLYN ROWAN | ||||||||
| TRUSTEE | 1.0 | 1.0 | Yes (X) | $0 | $0 | $0 | ||
| DANIEL A NEFF | ||||||||
| TRUSTEE | 1.0 | 1.0 | Yes (X) | $0 | $0 | $0 | ||
| DANIEL S LOEB | ||||||||
| TRUSTEE | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| DAVID M ZASLAV | ||||||||
| TRUSTEE | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| DAVID WINDREICH | ||||||||
| TRUSTEE | 1.0 | 5.0 | Yes (X) | $0 | $0 | $0 | ||
| DINA POWELL MCCORMICK | ||||||||
| TRUSTEE | 1.0 | 1.0 | Yes (X) | $0 | $0 | $0 | ||
| DOUG OSTROVER | ||||||||
| TRUSTEE | 1.0 | 1.0 | Yes (X) | $0 | $0 | $0 | ||
| EDITH W COOPER | ||||||||
| TRUSTEE | 1.0 | 1.0 | Yes (X) | $0 | $0 | $0 | ||
| ERIC J FRIEDMAN | ||||||||
| TRUSTEE | 1.0 | 6.0 | Yes (X) | $0 | $0 | $0 | ||
| ERIC M RUTTENBERG | ||||||||
| TRUSTEE | 1.0 | 1.0 | Yes (X) | $0 | $0 | $0 | ||
| ERIC S LANE | ||||||||
| TRUSTEE | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| ERIC WALDMAN | ||||||||
| TRUSTEE | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| EVA ANDERSSON DUBIN MD | ||||||||
| TRUSTEE | 1.0 | 1.0 | Yes (X) | $0 | $0 | $0 | ||
| GERALD J CARDINALE | ||||||||
| TRUSTEE | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| GLENN R AUGUST | ||||||||
| TRUSTEE | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| HAMILTON JAMES | ||||||||
| VICE CHAIRMAN/TRUSTEE | 2.0 | 14.0 | Yes (X) | $0 | $0 | $0 | ||
| HENRY CORNELL | ||||||||
| TRUSTEE | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| JOAN SOLOTAR | ||||||||
| TRUSTEE (AS OF 9/23) | 1.0 | 1.0 | Yes (X) | $0 | $0 | $0 | ||
| JOANNA SIRULNICK | ||||||||
| TRUSTEE (EX-OFFICIO) | 1.0 | 1.0 | Yes (X) | $0 | $0 | $0 | ||
| JOSEPH J PLUMERI | ||||||||
| TRUSTEE | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| JOSHUA NASH | ||||||||
| TRUSTEE | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| JOSHUA RUCH | ||||||||
| TRUSTEE | 1.0 | 1.0 | Yes (X) | $0 | $0 | $0 | ||
| KENNETH B MEHLMAN | ||||||||
| TRUSTEE | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| KIMBERLEY D HARRIS | ||||||||
| TRUSTEE | 1.0 | 6.0 | Yes (X) | $0 | $0 | $0 | ||
| LEE OLESKY | ||||||||
| TRUSTEE | 1.0 | 1.0 | Yes (X) | $0 | $0 | $0 | ||
| MARC S LIPSCHULTZ | ||||||||
| TRUSTEE | 1.0 | 5.0 | Yes (X) | $0 | $0 | $0 | ||
| MICHAEL KLEIN | ||||||||
| TRUSTEE | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| NATHAN HOFFMAN | ||||||||
| TRUSTEE | 1.0 | 1.0 | Yes (X) | $0 | $0 | $0 | ||
| NEIL S MITCHELL | ||||||||
| TRUSTEE (TERM END 3/23) | 1.0 | 0.5 | Yes (X) | $0 | $0 | $0 | ||
| NNAMDI OKIKE | ||||||||
| TRUSTEE | 1.0 | 1.0 | Yes (X) | $0 | $0 | $0 | ||
| PETER R ORSZAG | ||||||||
| TRUSTEE | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| RAQUEL K GILINSKI | ||||||||
| TRUSTEE | 1.0 | 1.0 | Yes (X) | $0 | $0 | $0 | ||
| SCOTT GOTTLIEB MD | ||||||||
| TRUSTEE | 1.0 | 1.0 | Yes (X) | $0 | $0 | $0 | ||
| THOMAS L KEMPNER JR | ||||||||
| TRUSTEE | 1.0 | 1.0 | Yes (X) | $0 | $0 | $0 | ||
| THOMAS R BLOCK | ||||||||
| TRUSTEE | 1.0 | 1.0 | Yes (X) | $0 | $0 | $0 | ||
| ZIBBY OWENS | ||||||||
| TRUSTEE | 1.0 | 1.0 | Yes (X) | $0 | $0 | $0 | ||
| BETH ESSIG (1) | ||||||||
| EVP, GENERAL COUNSEL | 0.5 | 59.5 | Yes (X) | $0 | $1,822,706 | $55,465 | ||
| CARL C ICAHN | ||||||||
| VICE CHAIRMAN | 2.0 | 14.0 | Yes (X) | $0 | $0 | $0 | ||
| DENNIS CHARNEY MD (1) (2) | ||||||||
| PRESIDENT, ACADEMIC AFFAIRS | 0.5 | 59.5 | Yes (X) | $0 | $5,416,895 | $54,392 | ||
| ERIC MINDICH | ||||||||
| VICE CHAIRMAN | 2.0 | 14.0 | Yes (X) | $0 | $0 | $0 | ||
| GLENN DUBIN | ||||||||
| VICE CHAIRMAN | 2.0 | 14.0 | Yes (X) | $0 | $0 | $0 | ||
| JAMES NEARY | ||||||||
| VICE CHAIRMAN | 2.0 | 14.0 | Yes (X) | $0 | $0 | $0 | ||
| JEFFREY SILBERSTEIN (1) | ||||||||
| EVP, SYSTEM CAO | 0.5 | 59.5 | Yes (X) | $0 | $1,484,091 | $34,656 | ||
| JEREMY BOAL (1) | ||||||||
| EVP, SYSTEM CHIEF CLINICAL OFF | 0.5 | 59.5 | Yes (X) | $0 | $1,765,171 | $89,471 | ||
| JOEL I PICKET | ||||||||
| VICE CHAIRMAN | 2.0 | 17.0 | Yes (X) | $0 | $0 | $0 | ||
| JOHN HESS | ||||||||
| VICE CHAIRMAN | 2.0 | 14.0 | Yes (X) | $0 | $0 | $0 | ||
| KENNETH DAVIS MD (1) | ||||||||
| PRESIDENT AND CEO | 0.5 | 59.5 | Yes (X) | $0 | $7,103,412 | $96,314 | ||
| MARGARET PASTUSZKO (1) | ||||||||
| PRESIDENT, SYSTEM COO | 0.5 | 59.5 | Yes (X) | $0 | $2,423,803 | $69,483 | ||
| MICHAEL PASTIER (1) | ||||||||
| SVP, CHIEF FINANCIAL OFFICER | 0.5 | 59.5 | Yes (X) | $0 | $1,389,710 | $83,500 | ||
| STEPHEN HARVEY (1) | ||||||||
| EVP, SYSTEM CFO | 0.5 | 59.5 | Yes (X) | $0 | $2,026,048 | $81,824 | ||
| SUSAN R CULLMAN | ||||||||
| VICE CHAIRMAN | 2.0 | 14.0 | Yes (X) | $0 | $0 | $0 | ||
| FRANK CINO (1) | ||||||||
| SVP, SYSTEM CHIEF RISK OFFICER | 0.5 | 59.5 | $0 | $766,371 | $57,618 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $24,198,207 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $622,723 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Related Organizations | $761,190 | RelatedOrganizationsAmt |
| Total Contributions | $761,190 | TotalContributionsAmt |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $0 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $73,000 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$2,689,363 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,762,363 | ExclusionAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
| Personal | $0 | PersonalAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $928,000 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $928,000 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $928,000 | TotalRevenueColumnAmt |
| Exclusion | $928,000 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | 8 EAST 102ND STREET MANAGER LLC TRANSFER | Desc |
| Business | 525990 | BusinessCd |
| Total Revenue Column | -$761,190 | TotalRevenueColumnAmt |
| Exclusion | -$761,190 | ExclusionAmt |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | -$761,190 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,001,000 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$2,689,363 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,929,173 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $71,000 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $71,000 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Other Expenses OtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | STATE TAX | Desc |
| Total | $391,722 | TotalAmt |
| Management And General | $391,722 | ManagementAndGeneralAmt |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $462,722 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $462,722 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $81,627,067 | BOYAmt |
| EOY | $125,566,948 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $0 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $0 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $351,595,092 | BOYAmt |
| EOY | $442,266,820 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,904,650,218 | BOYAmt |
| EOY | $1,958,449,868 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,471,874 | BOYAmt |
| EOY | $2,705,543 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,341,344,251 | BOYAmt |
| EOY | $2,528,989,179 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,326,381,046 | BOYAmt |
| EOY | $2,514,025,974 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,326,381,046 | BOYAmt |
| EOY | $2,514,025,974 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,963,205 | BOYAmt |
| EOY | $14,963,205 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,963,205 | BOYAmt |
| EOY | $14,963,205 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,341,344,251 | BOYAmt |
| EOY | $2,528,989,179 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $538,278 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $305,000 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$843,278 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | Yes (X) | SupportingOrganization509a3Ind |
| Supporting Org Type2 | Yes (X) | SupportingOrgType2Ind |
| IRS Written Determination | Yes (X) | IRSWrittenDeterminationInd |
| Supported Organizations | 5 | SupportedOrganizationsCnt |
Supported Org Information SupportedOrgInformationGrp (5 entries)
| EINEIN | Organization TypeOrganizationTypeCd | Governing Document ListedGoverningDocumentListedInd | SupportSupportAmt | Other SupportOtherSupportAmt |
|---|---|---|---|---|
| ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI | ||||
| 136171197 | 2 | Yes (true) | $0 | $0 |
| THE MOUNT SINAI HOSPITAL | ||||
| 131624096 | 3 | Yes (true) | $0 | $0 |
| BETH ISRAEL MEDICAL CENTER | ||||
| 135564934 | 3 | Yes (true) | $0 | $0 |
| ST LUKE'S-ROOSEVELT HOSPITAL CENTER | ||||
| 132997301 | 3 | Yes (true) | $0 | $0 |
| NEW YORK EYE AND EAR INFIRMARY | ||||
| 135562304 | 3 | Yes (true) | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supported Organizations Total | 5 | SupportedOrganizationsTotalCnt |
| Support Sum | $0 | SupportSumAmt |
| Other Support Sum | $0 | OtherSupportSumAmt |
Form990 Sch A Supporting Org Form990SchASupportingOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Listed By Name Governing Doc | Yes (true) | ListedByNameGoverningDocInd |
| Suprt Org No IRS Determination | false | SuprtOrgNoIRSDeterminationInd |
| Supported Org Section C456 | false | SupportedOrgSectionC456Ind |
| Supported Org Not Organized US | false | SupportedOrgNotOrganizedUSInd |
| Organization Change Suprt Org | false | OrganizationChangeSuprtOrgInd |
| Support Non Supported Org | false | SupportNonSupportedOrgInd |
| Payment Substantial Contribtr | false | PaymentSubstantialContribtrInd |
| Loan Disqualified Person | false | LoanDisqualifiedPersonInd |
| Controlled Disqualified Prsn | false | ControlledDisqualifiedPrsnInd |
| Disqualified Prsn Controll Int | false | DisqualifiedPrsnControllIntInd |
| Disqualified Prsn Ownr Int | false | DisqualifiedPrsnOwnrIntInd |
| Excess Business Holdings Rules | false | ExcessBusinessHoldingsRulesInd |
| Contribution Controller | false | ContributionControllerInd |
| Contribution Family | false | ContributionFamilyInd |
| Contribution35 Controlled | false | Contribution35ControlledInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Majority Dir Trst Supported Org | Yes (true) | MajorityDirTrstSupportedOrgInd |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule A, Part I, Line 12g | FormAndLineReferenceDesc |
| Explanation | MOUNT SINAI MEDICAL CENTER ("MSMC") HAS A TYPE II RELATIONSHIP WITH THE MAJORITY OF ITS SUPPORTED ORGANIZATIONS. IT ALSO HAS A TYPE III RELATIONSHIP WITH THE ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI. THE TWO ORGANIZATIONS MAINTAIN A CLOSE AND CONTINUOUS WORKING RELATIONSHIP, WITH THE ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI HAVING A SIGNIFICANT VOICE IN ITS PORTION OF MSMC'S INVESTMENTS AND ASSETS AND THE INCOME FROM THOSE ASSETS IS TREATED AS THE INCOME OF THE ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI. ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI ALSO HAS THE INFORMATION THAT A TYPE III SUPPORTING ORGANIZATION IS REQUIRED TO PROVIDE TO ITS SUPPORTED ORGANIZATIONS. THE CFO OF THE ICAHN SCHOOL OF MEDICINE IS ALSO AN OFFICER OF MSMC AND WAS AWARE OF THE AMOUNT AND TYPE OF SUPPORT PROVIDED BY MSMC, HAD A COPY OF MSMC'S FORM 990, AND HAD A COPY OF MSMC'S GOVERNING DOCUMENTS. THE CFO OF THE ICAHN SCHOOL OF MEDICINE WAS MADE AWARE OF THE REQUIRED INFORMATION BY A NOTICE WITH THAT INFORMATION SENT AS SOON AS THE MSMC 990 WAS COMPLETE. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $14,963,205 | BeginningYearBalanceAmt |
| End Year Balance | $14,963,205 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $14,963,205 | BeginningYearBalanceAmt |
| End Year Balance | $14,963,205 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $14,963,205 | BeginningYearBalanceAmt |
| End Year Balance | $14,963,205 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $14,963,205 | BeginningYearBalanceAmt |
| End Year Balance | $14,963,205 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $14,963,205 | BeginningYearBalanceAmt |
| End Year Balance | $14,963,205 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.0 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 1.0 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.0 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
Other Securities OtherSecuritiesGrp (2 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| HEDGE FUND | $1,126,152,516 | F |
| PRIVATE EQUITY | $832,297,352 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $1,958,449,868 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (10 entries)
| DescDesc | AmtAmt |
|---|---|
| DUE TO ISMMS | $955,648 |
| DUE TO MSH | $67,902 |
| SPLIT INTEREST AGREEMENT | $1,681,993 |
| POOLED INVESTMENTS HELD FOR ISMMS | $937,417,071 |
| POOLED INVESTMENTS HELD FOR MSH | $1,404,026,330 |
| POOLED INVESTMENTS HELD FOR MSA | $3,637,444 |
| POOLED INVESTMENTS HELD FOR SLR | $45,683,557 |
| POOLED INVESTMENTS HELD FOR BIMC | $22,037,044 |
| POOLED INVESTMENTS HELD FOR NYEE | $45,945,499 |
| POOLED INVESTMENTS HELD FOR SNCH | $52,573,486 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $2,514,025,974 | TotalLiabilityAmt |
| Other Revenue | $0 | OtherRevenueAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $0 | RevenueSubtotalAmt |
| Other Revenues Not Included | $1,001,000 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $1,001,000 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $1,001,000 | TotalRevenuePerForm990Amt |
| Other Expenses Included | $0 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $0 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $462,722 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $462,722 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $462,722 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule D, Part V, Line 4 Intended uses of endowment funds | THE MEDICAL CENTER'S ENDOWMENT FUNDS' INTENDED USE IS TO GENERATE INCOME FOR THE BENEFIT OF ITS SUPPORTED ORGANIZATIONS PER THE MEDICAL CENTER'S MISSION. IN 2023, ALL BOOK INVESTMENT INCOME, EXPENDITURES, AND SIMILAR ACTIVITY GENERATED BY THE MEDICAL CENTER'S ENDOWMENTS WERE DESIGNATED TO SUPPORT THE ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI AND ARE RECORDED ON THE SCHOOL'S BOOKS ACCORDINGLY. ALL UBTI GENERATED BY THE MOUNT SINAI HEALTH SYSTEMS'S POOLED INVESTMENTS IS REPORTED ON THE MEDICAL CENTER'S 990T OF THE CORRESPONDING TAX YEAR IN ACCORDANCE WITH THE MOUNT SINAI HEALTH SYSTEM'S INVESTMENT POOL AGREEMENT, FURTHER DESCRIBED IN FORM 990, PART III - PROGRAM SERVICE, LINE 4B. |
| Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements | INTEREST AND DIVIDEND INCOME - 73000 NET REALIZED GAINS AND LOSSES ON SALES OF SECURITIES - 928000 |
| Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements | STATE TAX - 391722 OTHER FEES AND EXPENSES - 71000 |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | Central America and the Caribbean | RegionTxt |
| Offices | 0 | OfficesCnt |
| Employee | 0 | EmployeeCnt |
| Type Of Activities Conducted | Investments | TypeOfActivitiesConductedTxt |
| Region Total Expenditures | $1,092,230,786 | RegionTotalExpendituresAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $1,092,230,786 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $1,092,230,786 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (true) | TransferToForeignCorpInd |
| Interest In Foreign Trust | false | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (true) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (true) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (true) | ForeignPartnershipInd |
| Boycott Countries | false | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements | FormAndLineReferenceDesc |
| Explanation | CENTRAL AMERICA AND THE CARIBBEAN-Accrual | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (9 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KENNETH DAVIS MD (1) | ||||||||||||||
| PRESIDENT AND CEO | $0 | $3,700,000 | $0 | $1,500,000 | $0 | $1,903,412 | $0 | $33,000 | $0 | $63,314 | $0 | $7,199,726 | $0 | $0 |
| DENNIS CHARNEY MD (1) (2) | ||||||||||||||
| PRESIDENT, ACADEMIC AFFAIRS | $0 | $1,100,000 | $0 | $308,000 | $0 | $4,008,895 | $0 | $33,000 | $0 | $21,392 | $0 | $5,471,287 | $0 | $0 |
| MARGARET PASTUSZKO (1) | ||||||||||||||
| PRESIDENT, SYSTEM COO | $0 | $1,750,000 | $0 | $471,625 | $0 | $202,178 | $0 | $33,000 | $0 | $36,483 | $0 | $2,493,286 | $0 | $0 |
| JEREMY BOAL (1) | ||||||||||||||
| EVP, SYSTEM CHIEF CLINICAL OFF | $0 | $1,065,549 | $0 | $0 | $0 | $699,622 | $0 | $33,000 | $0 | $56,471 | $0 | $1,854,642 | $0 | $0 |
| BETH ESSIG (1) | ||||||||||||||
| EVP, GENERAL COUNSEL | $0 | $1,350,000 | $0 | $363,825 | $0 | $108,881 | $0 | $33,000 | $0 | $22,465 | $0 | $1,878,171 | $0 | $0 |
| STEPHEN HARVEY (1) | ||||||||||||||
| EVP, SYSTEM CFO | $0 | $1,200,000 | $0 | $390,775 | $0 | $435,273 | $0 | $33,000 | $0 | $48,824 | $0 | $2,107,872 | $0 | $0 |
| JEFFREY SILBERSTEIN (1) | ||||||||||||||
| EVP, SYSTEM CAO | $0 | $1,032,000 | $0 | $269,500 | $0 | $182,591 | $0 | $33,000 | $0 | $1,656 | $0 | $1,518,747 | $0 | $0 |
| MICHAEL PASTIER (1) | ||||||||||||||
| SVP, CHIEF FINANCIAL OFFICER | $0 | $930,000 | $0 | $173,250 | $0 | $286,460 | $0 | $33,000 | $0 | $50,500 | $0 | $1,473,210 | $0 | $0 |
| FRANK CINO (1) | ||||||||||||||
| SVP, SYSTEM CHIEF RISK OFFICER | $0 | $600,000 | $0 | $138,600 | $0 | $27,771 | $0 | $33,000 | $0 | $24,618 | $0 | $823,989 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART VII, SECTION A & SCHEDULE J | FormAndLineReferenceDesc |
| Explanation | COMPENSATION FOOTNOTES OFFICERS OF THE BOARDS OF TRUSTEES HOURS REFLECT SERVICE TO ALL RELATED ORGANIZATIONS OF MOUNT SINAI HEALTH SYSTEM, INC. (1) COMPENSATION AND BENEFITS ARE FUNDED FROM THE MOUNT SINAI HOSPITAL AND/OR ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI. (2) EMPLOYEE HAS AN OUTSTANDING LOAN REFLECTED IN SCHEDULE L, PART II OF ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI'S FORM 990. (3) OTHER REPORTABLE COMPENSATION FOR OFFICERS, KEY EMPLOYEES, AND HIGHESTCOMPENSATED EMPLOYEES AS IDENTIFIED IN THE FORM 990, PART VII, AND LISTED ON SCHEDULE J MAY INCLUDE VARIOUS TYPES OF SUPPLEMENTAL WAGES. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (13 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part I, Line 5 | EMPLOYEES OF THE MOUNT SINAI HOSPITAL AND ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI, INCLUDING THOSE WHO PROVIDE SERVICES AT ELMHURST HOSPITAL CENTER AND QUEENS HOSPITAL CENTER, UTILIZE A COMMON PAYMASTER UNDER THE HOSPITAL'S TAX IDENTIFICATION NUMBER. THE TOTAL NUMBER OF EMPLOYEES REPORTED UNDER THE HOSPITAL TAX IDENTIFICATION NUMBER IS 35,835. THE MEDICAL CENTER DOES NOT HAVE ANY EMPLOYEES AND RECEIVES SERVICES FROM EMPLOYEES OF ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI AND THE MOUNT SINAI HOSPITAL. |
| Form 990, Part IV, Line 12a | THE ORGANIZATION OBTAINED SEPARATE AUDITED FINANCIALS FOR ITS BALANCE SHEET. ALL OF THE MEDICAL CENTER'S NET ASSETS ARE PERMANENTLY RESTRICTED AND INVESTMENT INCOME PERTAINING TO THE INVESTMENTS HELD FOR THE MEDICAL CENTER IS FOR THE BENEFIT OF CERTAIN OF ITS AFFILIATES AND IS RECOGNIZED BY THE RESPECTIVE AFFILIATE. THERE WERE NO OTHER SOURCES OF INCOME AND EXPENSES, OTHER THAN RELATED PARTY ACTIVITIES REFLECTED ON FORM 990 PARTS VIII AND IX, AND THEREFORE, STATEMENT OF ACTIVITIES AND CHANGES IN NET ASSETS AND CASH FLOWS ARE NOT PRESENTED IN ITS AUDITED FINANCIAL STATEMENTS. THE ORGANIZATION'S SOURCES OF INCOME AND EXPENSES ARE INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS OF ITS AFFILIATES. |
| Form 990, Part VI, Line 15 PROCESS FOR DETERMINATION OF COMPENSATION | THE COMPENSATION, EMPLOYEE BENEFITS AND EMPLOYEE RELATIONS COMMITTEE OF THE BOARD OF TRUSTEES (THE "COMPENSATION COMMITTEE") DETERMINES THE COMPENSATION FOR THE CEO AND OTHER EXECUTIVES, INCLUDING PHYSICIAN LEADERS, WHO ARE OR MAY BE "DISQUALIFIED PERSONS" AS THAT TERM IS DEFINED IN IRC SECTION 4958. THE COMPENSATION COMMITTEE ALSO REVIEWS THE COMPENSATION OF OTHER SENIOR AND/OR HIGHLY COMPENSATED PERSONNEL. THE COMPENSATION COMMITTEES' OPERATING PROCEDURES ARE DESIGNED TO ENSURE THAT THE COMPENSATION OF ALL SUCH OFFICERS AND KEY EMPLOYEES IS REASONABLE (I.E. THE VALUE OF SERVICES IS THE AMOUNT THAT WOULD ORDINARILY BE PAID FOR LIKE SERVICES BY LIKE ENTERPRISES UNDER LIKE CIRCUMSTANCES), AND WITH RESPECT TO "DISQUALIFIED PERSONS" TO FOLLOW THE SPECIFIC STEPS OUTLINED IN THE IRC REGULATIONS FOR ESTABLISHING THE REBUTTABLE PRESUMPTION OF REASONABLENESS THAT A TRANSACTION IS NOT AN EXCESS BENEFIT TRANSACTION. THE COMPENSATION COMMITTEE CONSISTS EXCLUSIVELY OF INDEPENDENT TRUSTEES WITHOUT ANY CONFLICT OF INTEREST (AS DEFINED IN THE APPLICABLE IRC REGULATIONS) WITH REGARD TO THE COMPENSATION ARRANGEMENTS BEING REVIEWED OR APPROVED. THE ABSENCE OF ANY CONFLICT OF INTEREST WITH RESPECT TO ITEMS ON THAT MEETING'S AGENDA IS CONFIRMED AT THE BEGINNING OF EACH MEETING OF THE COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE SELECTS AND ENGAGES AN INDEPENDENT, QUALIFIED COMPENSATION CONSULTANT WHICH PERFORMS SUCH VALUATIONS ON A REGULAR BASIS TO PROVIDE APPROPRIATE COMPARABILITY DATA. COMPARABILITY DATA INCLUDES, BUT IS NOT LIMITED TO, COMPENSATION LEVELS PAID BY SIMILARLY SITUATED ORGANIZATIONS, BOTH TAXABLE AND TAX-EXEMPT, FOR FUNCTIONALLY COMPARABLE POSITIONS; THE AVAILABILITY OF SIMILAR SERVICES IN MOUNT SINAI'S GEOGRAPHIC AREA; CURRENT COMPENSATION SURVEYS COMPILED BY INDEPENDENT FIRMS; CUSTOMIZED SURVEYS IN SPECIFIC CIRCUMSTANCES, AND ACTUAL WRITTEN OFFERS FROM SIMILAR INSTITUTIONS COMPETING FOR THE SERVICES OF THE DISQUALIFIED PERSON. THE SOURCES OF THE COMPARABILITY DATA USED BY THE COMPENSATION CONSULTANT ARE PROVIDED TO THE COMPENSATION COMMITTEE. IN APPROPRIATE CIRCUMSTANCES FORMAL WRITTEN OPINIONS ARE OBTAINED FROM THE COMPENSATION CONSULTANT. WITH RESPECT TO "EXECUTIVES" AS THEY ARE DEFINED IN THE POLICY WHICH INCLUDES ALL OF THE INSTITUTION'S "DISQUALIFIED PERSONS," THE COMPENSATION COMMITTEE RECEIVES AND REVIEWS THE COMPARABILITY DATA AND ANY ANALYSIS PROVIDED BY THE COMPENSATION CONSULTANT, AS WELL AS INFORMATION PROVIDED BY MANAGEMENT, OR IN THE CASE OF THE CEO, BY THE CHAIRMAN OF THE BOARDS OF TRUSTEES, INCLUDING INFORMATION ABOUT THE INDIVIDUAL'S PERFORMANCE, AND FOR NEW EMPLOYEES, THE INDIVIDUAL'S JOB DESCRIPTION. WHEN A WRITTEN OPINION IS OBTAINED FROM THE COMPENSATION CONSULTANT, THAT WRITTEN OPINION IS ALSO REVIEWED BY THE COMPENSATION COMMITTEE. AFTER CONSIDERING ALL OF THE FACTS, THE COMPENSATION COMMITTEE THEN DETERMINES THE APPROPRIATE COMPENSATION IN RELATION TO THE COMPARABILITY DATA AND IN LIGHT OF THE WRITTEN OPINION, RECOMMENDATIONS OF THE COMPENSATION CONSULTANT. AS MORE FULLY SET FORTH IN THE COMPENSATION COMMITTEE'S OPERATING GUIDELINES, THE COMPENSATION COMMITTEE ALSO REVIEWS THE COMPENSATION ARRANGEMENTS FOR THOSE OTHER SENIOR MANAGEMENT AND/OR HIGHLY COMPENSATED PERSONNEL WHO ARE NOT "EXECUTIVES." THE COMPENSATION COMMITTEE IS PROVIDED DETAILS OF THE COMPENSATION ARRANGEMENT OF THE INDIVIDUAL'S JOB AND JOB PERFORMANCE, THE BENCHMARK(S) USED AND, IN CERTAIN CASES, A DESCRIPTION OF THE ROLE OF THE COMPENSATION CONSULTANT AND A BRIEF DESCRIPTION OF WHY THE ARRANGEMENT IS APPROPRIATE. THE COMPENSATION COMMITTEE CONTEMPORANEOUSLY DOCUMENTS IN WRITTEN MINUTES THE TERMS OF THE TRANSACTION THAT WAS APPROVED AND THE DATE IT WAS APPROVED; THE MEMBERS OF THE COMPENSATION COMMITTEE WHO WERE PRESENT; THE DISCUSSION AT THE COMPENSATION COMMITTEE MEETING; THE COMPARABILITY DATA AND ANY OTHER INFORMATION OBTAINED AND RELIED ON; HOW THE COMPARABILITY DATA WAS OBTAINED; AND THE COMPENSATION COMMITTEE'S BASIS FOR THE DECISIONS, IF THE APPROVED COMPENSATION IS OUTSIDE THE RANGE OF COMPARABILITY DATA. THESE MINUTES ARE PREPARED BEFORE THE LATER OF THE NEXT MEETING OF THE COMPENSATION COMMITTEE OR 60 DAYS AFTER THE FINAL ACTIONS OF THE COMPENSATION COMMITTEE ARE TAKEN WITH RESPECT TO THE COMPENSATION DECISIONS MADE. THE MINUTES ARE REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE WITHIN A REASONABLE TIME THEREAFTER. |
| Form 990, Part VI, Line 2 Family/business relationships amongst interested persons | TRUSTEE BONNIE DAVIS, M.D. AND OFFICER KENNETH DAVIS, M.D. - Family relationship, TRUSTEES JUDITH RUBIN AND ROBERT E. RUBIN - Family relationship, TRUSTEES ANDREW ALPER AND PETER ORSZAG - Business relationship, TRUSTEES ANTON LEVY AND ROBERT RUBIN - Business relationship, TRUSTEES GLENN AUGUST AND MICHAEL KLEIN - Business relationship, TRUSTEES HENRY KRAVIS AND KENNETH MEHLMAN - Business relationship, TRUSTEES HENRY KRAVIS AND JOSEPH PLUMERI - Business relationship, TRUSTEES KIMBERLEY HARRIS AND RICHARD FRIEDMAN - Business relationship, TRUSTEES DOUG OSTROVER AND MARC LIPSCHULTZ - Business relationship |
| Form 990, Part VI, Line 6 Classes of members or stockholders | MOUNT SINAI HEALTH SYSTEM, INC. IS THE SOLE MEMBER OF THE ORGANIZATION. |
| Form 990, Part VI, Line 7a Members or stockholders electing members of governing body | THE MEMBER HAS THE POWER TO ELECT THE MEMBERS OF THE GOVERNING BODY OF THE ORGANIZATION. |
| Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders | THE MEMBER HAS THE POWER TO ELECT THE MEMBERS OF THE GOVERNING BODY OF THE ORGANIZATION. IN ADDITION, THE BOARD OF TRUSTEES OF THE ORGANIZATION CANNOT AMEND THE BYLAWS WITHOUT THE CONSENT OF THE MEMBER IF SUCH AMENDMENT REMOVED ANY POWERS OF THE MEMBER. |
| Form 990, Part VI, Line 11b Review of form 990 by governing body | FORM 990 PROVIDED TO GOVERNING BODY THE FINANCE DEPARTMENT GATHERED THE RELEVANT INFORMATION AND PREPARED THE TAX RETURNS - THE TAX DEPARTMENT OF OUR OUTSIDE AUDITORS, ERNST & YOUNG (EY), PARTICIPATED IN THE PREPARATION OF, AND REVIEWED, ALL TAX RETURNS. - A QUESTIONNAIRE WAS CIRCULATED TO ALL TRUSTEES (I.E., DIRECTORS), OFFICERS AND KEY EMPLOYEES IN ORDER TO ELICIT THE INFORMATION REQUIRED TO BE REPORTED ON THE TAX RETURNS. - THE TRUSTEE CONFLICTS OF INTEREST REVIEW COMMITTEE REVIEWED THE RESPONSES PROVIDED BY TRUSTEES AND CERTAIN OFFICERS IN THE QUESTIONNAIRES AND ASSESSED ADDITIONAL PERTINENT FACTS GATHERED BY THE INSTITUTION IN ORDER TO EVALUATE THE APPLICABILITY OF IRS REPORTING REQUIREMENTS. THE REVIEW COMMITTEE THEN DETERMINED THE APPROPRIATE TRUSTEE (AND CERTAIN OFFICER) DISCLOSURES THAT SHOULD BE MADE ON FORM 990 BASED ON THE RECOMMENDATIONS OF THE FINANCE DEPARTMENT, THE GENERAL COUNSEL'S OFFICE AND THE AUDIT AND COMPLIANCE DEPARTMENT. THE SAME PROCESS WAS CONDUCTED BY THE FINANCE DEPARTMENT, THE GENERAL COUNSEL'S OFFICE, THE AUDIT AND COMPLIANCE DEPARTMENT AND EY WITH RESPECT TO THE QUESTIONNAIRES SUBMITTED BY OTHER OFFICERS AND KEY EMPLOYEES. - THE AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD OF TRUSTEES CONDUCTED A REVIEW OF THE TAX RETURN, WITH THE PARTICIPATION OF EY, THE FINANCE DEPARTMENT, THE GENERAL COUNSEL'S OFFICE, AND THE AUDIT AND COMPLIANCE DEPARTMENT. THE AUDIT COMMITTEE APPROVED THE TAX RETURNS AS PRESENTED. - THE AUDIT COMMITTEE'S REPORT OF ITS REVIEW OF THE TAX RETURNS AND ITS RECOMMENDATION TO FILE THE RETURNS WERE PRESENTED TO, AND ACCEPTED BY, THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES (THE EXECUTIVE COMMITTEE). - IN ADDITION TO AUTHORIZING THE FILING OF THE TAX RETURNS, THE EXECUTIVE COMMITTEE DIRECTED THAT THE RETURNS, WHICH WILL BE FILED ON OR BEFORE NOVEMBER 15, 2024, BE PROVIDED TO ALL TRUSTEES VIA THE TRUSTEES' CONFIDENTIAL WEBSITE, AND THOSE RETURNS WERE SO PROVIDED BEFORE BEING FILED. |
| Form 990, Part VI, Line 12c Conflict of interest policy | MONITORING & ENFORCING COMPLIANCE WITH CONFLICTS OF INTEREST POLICY COMPLIANCE WITH THE ORGANIZATION'S BUSINESS CONFLICTS OF INTEREST POLICY (THE POLICY) IS REQUIRED OF TRUSTEES, EMPLOYEES, MEDICAL STAFF AND NON-EMPLOYEE MEMBERS OF INSTITUTIONAL COMMITTEES AND INCLUDES AN ONGOING DUTY TO DISCLOSE POTENTIAL CONFLICTS. COMPLIANCE WITH THE POLICY IS MONITORED AND ENFORCED REGULARLY AND CONSISTENTLY. ALL DISCLOSURES WITH THE POTENTIAL FOR CONFLICT ARE REVIEWED BY AN APPROPRIATE COMMITTEE WHERE THEY ARE CAREFULLY EVALUATED. WHEN APPROPRIATE, A PLAN, WHICH MAY INVOLVE MEASURES INCLUDING, BUT NOT LIMITED TO, RECUSAL FROM PARTICIPATING IN AFFECTED TRANSACTIONS, IS DEVELOPED TO MANAGE THE POTENTIAL CONFLICT. |
| Form 990, Part VI, Line 19 Required documents available to the public | GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC THE ORGANIZATION MAKES ITS BUSINESS CONFLICTS OF INTEREST POLICY AVAILABLE ON ITS WEBSITE (WWW.MOUNTSINAI.ORG) AND MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. |
| Form 990, Part IX, Line 11g Other Fees | OTHER FEES AND EXPENSES - Total Expense: 71000, Program Service Expense: , Management and General Expenses: 71000, Fundraising Expenses: ; |
| Form 990, Part XI, Line 9 Other changes in net assets or fund balances | BOOK TO TAX DIFFERENCE RESULTING FROM UBTI GENERATED THROUGH PARTNERSHIP INVESTMENTS - -843278; |
| Schedule F, Part I PARTS IV | PLEASE NOTE THAT THE INVESTMENT ACTIVITIES LISTED IN PART I ARE ALLOCATED TO AGREE TO THE AUDITED FINANCIAL STATEMENT REPORTING AS POOLED INVESTMENTS WHILE PART IV REPORTS ON FOREIGN FILINGS ARE FILED BY THE RESPECTIVE ORGANIZATION. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (32 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| THE MOUNT SINAI HOSPITAL | ||||||||||
| ONE GUSTAVE L LEVY PLACE | NEW YORK | NY | 10029 | 131624096 | HOSPITAL | NY | 501(c)(3) | 3 | MSHG | Yes (true) |
| MITRAL FOUNDATION | ||||||||||
| 1190 FIFTH AVENUE | NEW YORK | NY | 10029 | 800468600 | RESEARCH | NY | 501(c)(3) | Type I | ISMMS | Yes (true) |
| THE MOUNT SINAI CHILDREN'S CENTER FND | ||||||||||
| ONE GUSTAVE L LEVY PLACE | NEW YORK | NY | 10029 | 223059294 | SUPPORT | NY | 501(c)(3) | Type I | ISMMS | Yes (true) |
| MSMC REALTY CORPORATION | ||||||||||
| ONE GUSTAVE L LEVY PLACE | NEW YORK | NY | 10029 | 133852596 | REAL ESTATE | NY | 501(c)(3) | Type I | SEE PART VII | Yes (true) |
| MSMC RESIDENTIAL REALTY LLC | ||||||||||
| 1425 MADISON AVENUE | NEW YORK | NY | 10029 | 200244426 | REAL ESTATE | NY | 501(c)(3) | Type I | SEE PART VII | Yes (true) |
| MSMC RESIDENTIAL REALTY MANAGER INC | ||||||||||
| ONE GUSTAVE L LEVY PLACE | NEW YORK | NY | 10029 | 201289396 | MGMT | NY | 501(c)(3) | Type II | SEE PART VII | Yes (true) |
| VALENTIN FUSTER MT SINAI FND SCI HLTH | ||||||||||
| ONE GUSTAVE L LEVY PLACE | NEW YORK | NY | 10029 | 800952088 | SUPPORT | NY | 501(c)(3) | Type I | ISMMS | Yes (true) |
| MOUNT SINAI HEALTH SYSTEM INC | ||||||||||
| ONE GUSTAVE L LEVY PLACE | NEW YORK | NY | 10029 | 464248304 | HOLDING CO | NY | 501(c)(3) | Type II | NA | false |
| MOUNT SINAI HOSPITALS GROUP INC | ||||||||||
| ONE GUSTAVE L LEVY PLACE | NEW YORK | NY | 10029 | 464242915 | HOLDING CO | NY | 501(c)(3) | Type II | MSHS | Yes (true) |
| ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI | ||||||||||
| ONE GUSTAVE L LEVY PLACE | NEW YORK | NY | 10029 | 136171197 | SCHOOL | NY | 501(c)(3) | 2 | MSHS | Yes (true) |
| CONTINUUM HEALTH PARTNERS INC | ||||||||||
| 150 EAST 42ND STREET | NEW YORK | NY | 10017 | 133939476 | HOLDING CO | NY | 501(c)(3) | Type I | NA | false |
| BIMC HOLDING CORPORATION | ||||||||||
| FIRST AVENUE AT 16TH STREET | NEW YORK | NY | 10003 | 133444730 | HOLDING CO | NY | 501(c)(3) | Type I | BIMC | Yes (true) |
| MOUNT SINAI AMBULATORY VENTURES INC | ||||||||||
| 150 EAST 42ND STREET | NEW YORK | NY | 10017 | 133838460 | SURGICENTER | NY | 501(c)(3) | 3 | MSHS | Yes (true) |
| BI NURSING HOME COMPANY | ||||||||||
| 327 EAST 17TH STREET | NEW YORK | NY | 10003 | 133627753 | NURSING HOME | NY | 501(c)(3) | 3 | BIMC HOLDCO | Yes (true) |
| EAST 17TH STREET PROPERTIES INC | ||||||||||
| 150 EAST 42ND STREET | NEW YORK | NY | 10017 | 133547502 | REAL ESTATE | NY | 501(c)(3) | 10 | BIMC HOLDCO | Yes (true) |
| THE LONG ISLAND COLLEGE HOSPITAL | ||||||||||
| 150 EAST 42ND STREET | NEW YORK | NY | 10017 | 111018985 | HOSPITAL | NY | 501(c)(3) | 3 | CHP | false |
| ST LUKE'S-ROOSEVELT HOSPITAL CENTER | ||||||||||
| 1111 AMSTERDAM AVENUE | NEW YORK | NY | 10025 | 132997301 | HOSPITAL | NY | 501(c)(3) | 3 | MSHG | Yes (true) |
| AUGUSTUS & JAMES CORPORATION | ||||||||||
| 150 EAST 42ND STREET | NEW YORK | NY | 10017 | 133392851 | REAL ESTATE | NY | 501(c)(3) | Type I | SLR | Yes (true) |
| ST LUKE'S-ROOSEVELT INSTITUTE FOR HEALTH | ||||||||||
| 1111 AMSTERDAM AVENUE | NEW YORK | NY | 10025 | 132914343 | RESEARCH | NY | 501(c)(3) | 4 | SLR | Yes (true) |
| NEW YORK EYE AND EAR INFIRMARY | ||||||||||
| 310 EAST 14TH STREET | NEW YORK | NY | 10003 | 135562304 | HOSPITAL | NY | 501(c)(3) | 3 | MSHG | Yes (true) |
| NEW YORK EYE & EAR INFIRMARY FNDN | ||||||||||
| 310 EAST 14TH STREET | NEW YORK | NY | 10003 | 134012469 | PRIVATE FDN | NY | 501(c)(3) | NYEE | Yes (true) | |
| NYEEI HOUSING COMPANY INC | ||||||||||
| 317-327 EAST 13TH STREET | NEW YORK | NY | 10003 | 311696826 | REAL ESTATE | NY | 501(c)(2) | NYEE | Yes (true) | |
| BETH ISRAEL MEDICAL CENTER FDN INC | ||||||||||
| 150 EAST 42ND STREET | NEW YORK | NY | 10017 | 300571387 | FUNDRAISING | NY | 501(c)(3) | 7 | BIMC | Yes (true) |
| ST LUKE'S-ROOSEVELT HOSPITAL CENTER FDN | ||||||||||
| 150 EAST 42ND STREET | NEW YORK | NY | 10017 | 300571390 | FUNDRAISING | NY | 501(c)(3) | 7 | SLR | Yes (true) |
| BETH ISRAEL MEDICAL CENTER | ||||||||||
| FIRST AVENUE AT 16TH STREET | NEW YORK | NY | 10003 | 135564934 | HOSPITAL | NY | 501(c)(3) | 3 | MSHG | Yes (true) |
| MOUNT SINAI HEALTH PARTNERS PC | ||||||||||
| 150 EAST 42ND STREET 5TH FLR | NEW YORK | NY | 10017 | 812057452 | HEALTHCARE | NY | 501(c)(3) | 10 | MSH | Yes (true) |
| SOUTH NASSAU COMMUNITIES HOSPITAL INC | ||||||||||
| ONE HEALTHY WAY | OCEANSIDE | NY | 11572 | 111352310 | HOSPITAL | NY | 501(c)(3) | 3 | MSHG | false |
| MOUNT SINAI SELF INSURANCE TRUST | ||||||||||
| 150 EAST 42ND STREET | NEW YORK | NY | 10017 | 823994798 | SUPPORT | NY | 501(c)(3) | Type II | MSHS | false |
| EAST 98TH STREET COMMUNITY SERVICES INC | ||||||||||
| ONE GUSTAVE L LEVY PLACE | NEW YORK | NY | 10029 | 822536805 | AMB SRGY CNTR | NY | 501(c)(3) | 3 | MSHS | Yes (true) |
| BACHMANN-STRAUSS DYSTONIA FOUNDATION INC | ||||||||||
| ONE GUSTAVE L LEVY PLACE | NEW YORK | NY | 10017 | 133804248 | FUNDRAISING | NY | 501(c)(3) | 7 | MSHS | Yes (true) |
| CARE CONTINUUM VENTURES INC | ||||||||||
| ONE GUSTAVE L LEVY PLACE | NEW YORK | NY | 10029 | 863155355 | SUPPORT | NY | 501(c)(3) | Type II | MSHS | Yes (true) |
| MSS HEALTH PC | ||||||||||
| 150 EAST 42ND STREET 5E-32 | NEW YORK | NY | 10017 | 862530666 | HEALTHCARE | NJ | 501(c)(3) | 10 | MSH | Yes (true) |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MONASHEES CO-INVESTMENT FUND LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 635 CAMPBELL TECHNOLOGY PARKWAY | AddressLine1Txt |
| City | CAMPBELL | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95008 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 881362594 | EIN |
| Primary Activities | INVESTMENTS | PrimaryActivitiesTxt |
| Legal Domicile State | CA | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MSMC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Predominant Income Type | N/A | PredominantIncomeTypeTxt |
| Share Of Total Income | $0 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $3,384,902 | ShareOfEOYAssetsAmt |
| Disproportionate Allocations | false | DisproportionateAllocationsInd |
| UBI Code V | $0 | UBICodeVAmt |
| General Or Managing Partner | false | GeneralOrManagingPartnerInd |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (7 entries)
| Address Line1USAddress/AddressLine1Txt | Address Line2USAddress/AddressLine2Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | Controlled OrganizationControlledOrganizationInd | Address Line1ForeignAddress/AddressLine1Txt | CityForeignAddress/CityNm | Province Or StateForeignAddress/ProvinceOrStateNm | CountryForeignAddress/CountryCd | Foreign PostalForeignAddress/ForeignPostalCd | Legal Domicile Foreign CountryLegalDomicileForeignCountryCd | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MANHATTAN MANAGEMENT SERVICES | ||||||||||||||||||
| 1780 BROADWAY | 7TH FL | NEW YORK | NY | 10019 | 133618543 | MGMT SERVICES | NY | SLR | C Corporation | false | ||||||||
| SLR MANAGEMENT SERVICES | ||||||||||||||||||
| 150 EAST 42ND STREET | NEW YORK | NY | 10017 | 133853145 | MGMT SERVICES | NY | SLR | C Corporation | false | |||||||||
| MOUNT SINAI HC VENTURES | ||||||||||||||||||
| 150 EAST 42ND STREET | NEW YORK | NY | 10017 | 460953126 | HEALTH CARE MGMT | NY | BIMC HOLDCO | C Corporation | false | |||||||||
| MSHS VACCINE COMPANY dba CastleVax | ||||||||||||||||||
| 1209 ORANGE STREET | WILMINGTON | DE | 19801 | 874250003 | CLINICAL LAB | DE | ISMMS | C Corporation | false | |||||||||
| KANTARO BIOSCIENCES LLC | ||||||||||||||||||
| 1460 BROADWAY | NEW YORK | NY | 10036 | 851089445 | CLINICAL LAB | NY | ISMMS | C Corporation | false | |||||||||
| PROHEALTH MOUNT SINAI MSO LLC | ||||||||||||||||||
| 2322 30TH AVE | ASTORIA | NY | 111023255 | 844995364 | MGMT SERVICES | NY | MS NETWORK | C Corporation | false | |||||||||
| ACCOLADE PARTNERS DIGITAL EVOLUTION FEEDER LP | ||||||||||||||||||
| 981642598 | INVESTMENTS | MSMC | C Corporation | false | 190 ELGIN AVENUE | GEORGE TOWN | GRAND CAYMAN | CJ | KY19001 | CJ | $0 | $0 | ||||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | Yes (true) | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (true) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (true) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (true) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (true) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (true) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (9 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI | ||
| S | $761,190 | COST |
| ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI | ||
| I | $534,125 | COST |
| ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI | ||
| I | $71,379,210 | FMV |
| THE MOUNT SINAI HOSPITAL | ||
| I | $61,295,065 | FMV |
| THE MOUNT SINAI HOSPITAL | ||
| I | $652,098 | FMV |
| ST LUKE'S-ROOSEVELT HOSPITAL CENTER | ||
| I | $250,063 | FMV |
| BETH ISRAEL MEDICAL CENTER | ||
| I | $22,758 | FMV |
| NEW YORK EYE & EAR INFIRMARY FOUNDATION | ||
| I | $3,505,036 | FMV |
| SOUTH NASSAU COMMUNITIES HOSPITAL | ||
| I | $52,573,486 | FMV |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule R, Part II, Column (f) LINE 4 - MSMC REALTY CORPORATION | DIRECT CONTROLLING ENTITY ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI, THE MOUNT SINAI HOSPITAL AND THE MOUNT SINAI MEDICAL CENTER ARE ALL MEMBERS OF THIS ENTITY. |
| Schedule R, Part II, Column (f) LINE 5 - MSMC RESIDENTIAL REALTY LLC | DIRECT CONTROLLING ENTITY ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI, THE MOUNT SINAI HOSPITAL, THE MSMC REALTY CORPORATION AND THE MSMC RESIDENTIAL REALTY MANAGER, INC. ARE ALL MEMBERS OF THIS ENTITY. |
| Schedule R, Part II, Column (f) LINE 6 - MSMC RESIDENTIAL REALTY MANAGER, INC | DIRECT CONTROLLING ENTITY ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI, THE MOUNT SINAI HOSPITAL AND THE MSMC REALTY CORPORATION ARE ALL MEMBERS OF THIS ENTITY. |
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