2017-08-09T15:26:24-05:00 2015-12-31 ERNST & YOUNG US LLP 5 TIMES SQUARE NEW YORK NY 100366530 990 2015-01-01 136171197 ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI % STEPHEN HARVEY ICAH 6466054002 ONE GUSTAVE L LEVY PLACE NEW YORK NY 10029 DON SCANLON EVP 6466054002 2017-08-09 true LAURA KIELCZEWSKI P00244342 2127733000 2015 2021-01-29 14:40:06Z X STEPHEN HARVEY One Gustave L Levy Place New York NY 10029 2096156221 false X http://WWW.ICAHN.MSSM.EDU X 1964 NY The School commits to dramatically advancing the art and science of medical care through an atmosphere of intense collaborative learning, social concern, and scholarly inquiry. 55 51 11131 525 2000 -13827 443648186 444248871 1182718603 1508806073 23525040 33217548 99151048 107983067 1749042877 2094255559 4326107 4977071 0 0 1248481511 1347509769 0 0 7979008 517239680 819550378 1770047298 2172037218 -21004421 -77781659 2308487928 2312466209 1189999147 1303528435 1118488781 1008937774 X SEE SCHEDULE O false false 1199785745 0 1092443700 ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI PROVIDES BASIC AND TERTIARY PHYSICIANS SERVICES TO PATIENTS ON AN ONGOING BASIS. 331593597 764171 122580010 ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI CONDUCTS RESEARCH IN THE AREAS OF BIOLOGICAL, SOCIAL AND PHYSICAL SCIENCES. FUNDAMENTAL AND APPLIED RESEARCH IS PRIMARILY ENTERED IN GEOGRAPHIC PROXIMITY TO CLINICAL FACILITIES. 292847921 4218400 303377250 ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI IS RESPONSIBLE FOR THE CERTIFICATION OF PHYSICIANS AT THE UNDERGRADUATE, GRADUATE AND POST-GRADUATE LEVELS AS WELL AS THE CERTIFICATION OF BIOMEDICAL SCIENTISTS AT THE GRADUATE LEVEL. 1824227263 true true false true false false false false false true true true false true true false false true true false true false true false true false false false true true true true false false false false true false false true false true true false false true true true true false false true 1799 0 true 11131 true true true true MX false false false true true false false false false X 55 51 true false false false true true true true true false false true true true true true true true true false NY X STEPHEN HARVEY 6466054002 150 E 42ND STREET 9TH FLOOR New York NY 10017 X PETER W MAY Chairman of board of trustees 2.0 14.0 X X 0 0 0 frederick A klingenstein honorary chairman/trustee 2.0 14.0 X X 0 0 0 DONALD J GOGEL SENIOR VICE CHAIRMAN/TRUSTEE 2.0 14.0 X X 0 0 0 MICHAEL MINIKES SNR VICE CHAIR/TREASURER/TRUST 2.0 14.0 X X 0 0 0 ROBERT E RUBIN SENIOR VICE CHAIRMAN/TRUSTEE 2.0 14.0 X X 0 0 0 JAMES W CRYSTAL vice chairman/trustee 2.0 14.0 X X 0 0 0 GLENN DUBIN VICE CHAIRMAN/TRUSTEE 2.0 14.0 X X 0 0 0 JOEL S EHRENKRANZ VICE CHAIRMAN/TRUSTEE 2.0 14.0 X X 0 0 0 ELLEN KATZ TRUSTEE 1.0 6.0 X 0 0 0 HENRY R KRAVIS VICE CHAIRMAN/TRUSTEE 2.0 14.0 X X 0 0 0 JOHN A LEVIN VICE CHAIRMAN/TRUSTEE 2.0 14.0 X X 0 0 0 ERIC MINDICH VICE CHAIRMAN/TRUSTEE 2.0 14.0 X X 0 0 0 ANDREW M SAUL VICE CHAIRMAN/TRUSTEE 2.0 15.0 X X 0 0 0 THOMAS W STRAUSS VICE CHAIRMAN/TRUSTEE 2.0 14.0 X X 0 0 0 THOMAS R BLOCK TRUSTEE 1.0 1.0 X 0 0 0 christopher w brody Trustee 1.0 1.0 X 0 0 0 CHARLES R BRONFMAN Trustee 1.0 0.0 X 0 0 0 JEAN C CRYSTAL Trustee 1.0 0.0 X 0 0 0 STEVEN G EINHORN Trustee 1.0 0.0 X 0 0 0 BLAINE V FOGG SEC/VICE CHAIRMAN/TRUSTEE 2.0 14.0 X X 0 0 0 RICHARD A FRIEDMAN VICE CHAIRMAN/TRUSTEE 2.0 14.0 X X 0 0 0 ARNE GLIMCHER Trustee 1.0 0.0 X 0 0 0 MICHAEL S GROSS Trustee (ex-officio) 1.0 1.0 X 0 0 0 VICKI PANZIER GROSS trustee (ex-officio) 1.0 1.0 X 0 0 0 GEORGE J GRUMBACH JR TRUSTEE 1.0 1.0 X 0 0 0 CARL C ICAHN TRUSTEE 1.0 0.0 X 0 0 0 LEWIS P JONES TRUSTEE 1.0 0.0 X 0 0 0 patricia s levinson trustee (ENDING SEPT 2015) 1.0 5.0 X 0 0 0 BERNARD W NUSSBAUM TRUSTEE 1.0 6.0 X 0 0 0 JUDITH O RUBIN TRUSTEE 1.0 6.0 X 0 0 0 STEPHEN L SCHWARTZ TRUSTEE 1.0 0.0 X 0 0 0 DANIEL H STERN TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL J URFIRER TRUSTEE 1.0 0.0 X 0 0 0 ROBERT FRIEDMAN TRUSTEE 1.0 0.0 X 0 0 0 robin neustein trustee (resigned ARPIL 2015) 1.0 0.0 X 0 0 0 ERIC M RUTTENBERG TRUSTEE 1.0 1.0 X 0 0 0 RICHARD RAVITCH VICE CHAIRMAN/TRUSTEE 2.0 14.0 X X 0 0 0 Gail GoldenIcahn TRUSTEE 1.0 0.0 X 0 0 0 BOBBIE ABRAMS TRUSTEE 1.0 4.0 X 0 0 0 LEON D BLACK TRUSTEE 1.0 0.0 X 0 0 0 TANVIR CHOUDHRI MD TRUSTEE (ex-officio) 1.0 0.0 X 0 0 0 EVA ANDERSSON DUBIN MD TRUSTEE 1.0 1.0 X 0 0 0 JAMES E FLYNN TRUSTEE 1.0 6.0 X 0 0 0 JEROME GOLDSTEIN TRUSTEE 1.0 4.0 X 0 0 0 RICHARD A GOLDSTEIN TRUSTEE 1.0 5.0 X 0 0 0 STEVE HOCHBERG SENIOR VICE CHAIRMAN/TRUSTEE 2.0 19.5 X X 0 0 0 BRAD KARP TRUSTEE 1.0 1.0 X 0 0 0 JAMES KEMPNER TRUSTEE 1.0 5.0 X 0 0 0 EUGENE MERCY JR TRUSTEE 1.0 6.0 X 0 0 0 ALICE NETTER TRUSTEE 1.0 5.0 X 0 0 0 LEWIS C PELL TRUSTEE 1.0 4.0 X 0 0 0 JOEL I PICKET VICE CHAIRMAN/TRUSTEE 2.0 14.0 X X 0 0 0 WILLIAM H WRIGHT II TRUSTEE 1.0 5.0 X 0 0 0 BONNIE M DAVIS MD TRUSTEE 1.0 1.0 X 0 0 0 JUDAH GRIBETZ TRUSTEE 1.0 7.0 X 0 0 0 HAMILTON JAMES TRUSTEE 1.0 1.0 X 0 0 0 ELIZABETH RIGHT TRUSTEE 1.0 1.0 X 0 0 0 Kenneth L Davis MD Chief Executive Officer 15.0 42.0 X 1416270 2667554 2138931 Dennis Charney MD 1 DEAN 44.0 15.0 X 1433952 358488 45727 donald t scanlon EVP, FINANCE/CHIEF CORP. SRVCS 15.0 50.0 X 460719 1260310 57964 jeffrey silberstein EVP, CHIEF OPERATING OFFICER 15.0 42.5 X 263552 720948 59033 stephen harvey SVP, CHIEF FINANCIAL OFFICER 55.0 1.0 X 656580 0 71517 JAMES S TISCH SENIOR VICE CHAIRMAN 2.0 14.5 X 0 0 0 margaret pastuszko EVP, SYSTEM CSIO 16.0 42.0 X 272753 684275 61848 KUMAR CHATANI EVP, SYSTEM CIO 8.0 48.5 X 109522 620622 47318 JEREMY BOAL MD EVP, SYSTEM CMO 0.5 59.0 X 0 1160878 57938 BETH ESSIG ESQ EVP, GENERAL COUNSEL 13.21 48.79 X 231814 733676 22961 ARTHUR KLEIN MD EVP, PRES OF HEALTH NETWORK 0.5 57.0 X 0 1305255 38623 SUSAN R CULLMAN VICE CHAIRMAN 2.0 14.0 X 0 0 0 BURTON DRAYER MD EVP, CEO MS DOCTORS FPA 41.0 16.5 X 1038270 346090 42858 frank cino SVP, SYSTEM CRO 10.0 46.0 X 94713 408545 51554 Samin Sharma MD PROFESSOR 55.0 0.0 X 4641263 0 42625 Andrew Hecht MD ASSISTANT PROFESSOR 55.0 0.0 X 11025770 0 50283 SHEERAZ QURESHI MD ASSOCIATE PROFESSOR 55.0 0.0 X 5164222 0 40578 DAVID ADAMS MD CHAIRMAN 55.0 0.5 X 5538714 0 49442 arthur jenkins iii md ASSOCIATE PROFESSOR 55.0 0.0 X 4435856 0 49482 michael macdonald 2 former officer 27.5 28.0 X 410910 410910 0 elana abraham 23 former officer 0.5 33.5 X 0 251245 50550 jane whitney 2 former officer 0.5 18.5 X 0 204338 13270 37194880 11133134 2992502 3438 true true false PST SERVICES PO BOX 742526 ATLANTA GA 30374 BILLING SERVICES 9101949 MEDSCAPE LLC 12186 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 REFERRAL SVCS 4709043 HEALTHSMART CARE MANAGEMENT PO BOX 842088 DALLAS TX 75284 Management 3153861 Oxford University Innovation LTD EWERT HOUSE PLACE OXFORD ENGLAND UK OX2 7SG Consultants 4384507 JOHNSON CONTROLS PO BOX 730068 DALLAS TX 753730068 CONSULTANTS 2140506 247 6528048 40717655 165051 396838117 9274471 444248871 PATIENT CARE/LAB SERVICES 621500 878411280 878411280 FEDERAL CONTRACTS 541700 74644245 74644245 NYC HEALTH AND HOSP. CORP. 621400 214032420 214032420 MOUNT SINAI HOSPITAL CARTS 561000 263871660 263871660 PRIVATE CONTRACTS 541700 47935765 47935765 29910703 29910703 1508806073 7779823 7779823 10527 10527 52823595 52823595 7235568 7235568 0 7235568 7235568 25427198 25427198 25427198 25427198 601985 6528048 1900662 -1298677 -1298677 0 0 MASTERS PROGRAM TUITION & RELATED FEES 900099 7909260 7909260 8 EAST 102ND STREET MANAGER LLC 525990 1147738 1147738 PARKING GARAGE 611710 2429530 2429530 37736053 1685627 2000 36048426 49222581 2094255559 1518400960 2000 131603728 0 4587670 4587670 389401 389401 0 6931431 6568573 362858 0 1139415865 1069580514 65798782 4036569 40905145 37252575 3406129 246441 109080706 100895274 7571248 614184 51176622 45817732 5000345 358545 36701764 32488326 3882850 330588 7676800 7624899 51901 3451943 3451943 431 431 0 2335122 2335122 8145222 6004475 2118761 21986 6253727 5692324 561403 72126899 68734354 3062968 329577 18390055 5383591 12879704 126760 22699559 18 22699541 103861840 60319003 42339936 1202901 2733674 2050686 671917 11071 0 18848864 18237359 570072 41433 28519050 134282 28384768 0 83611750 46279669 37321936 10145 34222605 33398858 823747 COST OF REFINANCING DEBT 70665909 70665909 OFFCAMPUS PRACTICE PLAN OPER 67675050 67675050 SUBCONTRACTS PASS-THROUGH 61934630 61934630 MEDICAL SUPPLIES 22680691 18989870 3690821 147014793 138381171 8399573 234049 2172037218 1824227263 339830947 7979008 7679611 17077629 45599671 71314128 125802289 103142711 77516996 100681668 1500000 1500000 0 0 81782497 91058225 0 0 5605270 4201566 1714075876 751965747 957017553 962110129 0 0 822036643 770249641 1762950 1756348 0 0 182184448 189374164 2308487928 2312466209 73990640 84293067 0 0 65633806 45391775 603978960 661307329 0 0 0 0 23014984 22078269 0 0 423380757 490457995 1189999147 1303528435 X 394437984 287496435 329917579 319818627 394133218 401622712 1118488781 1008937774 2308487928 2312466209 X -77781659 -31769348 X false true X true true true X 110794747 143059000 173606651 443648186 444248871 1315357455 0 0 110794747 143059000 173606651 443648186 444248871 1315357455 105958123 1209399332 39499623 93179273 56201341 60788661 67849513 317518411 44664 401828 159639 201942 808073 0 1633683939 6735119237 0.74029 0.00000 X Part II Icahn School of Medicine Mount Sinai (ISMMS)s IRS exemption determination letter classified ISMMS as a school described in sections 509(a)(1) and 170(b)(1)(A)(ii) of the Internal Revenue Code. ISMMS has continued to operate as a school, and accordingly has checked the box in Schedule A, Part I line 2. However, ISMMS has completed Schedule A Part II to demonstrate that it also meets the 33-1/3% support test under sections 509(a)(1) and 170(b)(1)(A)(vi), and therefore qualifies to use the special rule on Schedule B, Schedule of Contributors. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 431 431 false PART II-B, LINE 1I - OTHER ACTIVITIES ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI PAYS DUES TO A SECTION 501(C)4 ORGANIZATION, CLINICAL RESARCH FORUM, INC. APPROXIMATELY 4.9% OF THE DUES PAID IN 2015 WERE USED TOWARD LOBBYING ACTIVITIES. 623664864 143208 2930494 4218400 27004140 0 595516026 612958108 11727999 29204522 3885433 26340332 0 623664864 531670431 16307076 90095177 3353876 21760700 0 612958108 476445598 19459396 57234168 3169636 18299095 0 531670431 480789605 14869779 -1660557 3292010 14261219 0 476445598 0.26000 0.67000 0.07000 false true true 11011897 11011897 1087505744 292406370 795099374 171990684 171990684 0 380075353 287568693 92506660 63492198 63492198 962110129 457B PLAN 42111750 F 8 EAST 102ND STREET -23166403 F POOLED INVESTMENTS 659260843 F ASSETS LIMITED AS TO USE 92043451 F 770249641 OTHER ASSETS 7323210 DUE FROM MRO 29632554 INSURANCE CLAIMS 152418400 189374164 0 ACCRUED INTEREST PAYABLE 11404866 FEDERAL LOAN CAPITAL ADVANCES 4746766 EMPLOYEE RELOCATION LOANS 63916451 POST RETIREMENT HLTH BENF OBLI 12260277 DUE TO RELATED ORGS NET 201535068 INSURANCE CLAIMS 152418400 457B PLAN 42111750 DUE TO NYCH&H CORP. 2064417 490457995 PART V, LINE 4 ENDOWED FUNDS: THE ENDOWED FUNDS' INTENDED USE IS TO GENERATE INCOME TO SUPPORT THE SCHOOL OF MEDICINE'S PROGRAM SERVICE FUNCTIONS AND OPERATIONS IN ACCORDANCE WITH THE MOUNT SINAI MEDICAL CENTER POOLED INVESTMENT POLICY. true true true true true true true false false false false false false false false true false true Part I, Line 3 INCLUDED IN THE STUDENT HANDBOOK WHICH IS DISTRIBUTED AND REVIEWED AT GRADUATION. ALSO IN THE SCHOOL CATALOGS. East Asia and the Pacific 0 0 Program Services CLINICAL 97197 Europe (Including Iceland and Greenland) 0 0 Program Services CLINICAL 169308 North America 0 0 Program Services CLINICAL 46964 Middle East and North Africa 0 0 Program Services CLINICAL 750 Europe (Including Iceland and Greenland) 0 0 Grantmaking INDIV. ASSISTANCE 72182 North America 0 0 Grantmaking INDIV. ASSISTANCE 1000 South America 0 0 Grantmaking INDIV. ASSISTANCE 2000 0 0 0 0 389401 389401 HONORARIUM EUROPE Europe (Including Iceland and Greenland) 5 4500 CHECK HONORARIUM NORTH AMERICA North America 1 1000 CHECK HONORARIUM SOUTH AMERICA South America 4 2000 CHECK STIPENDS EUROPE Europe (Including Iceland and Greenland) 33 67682 CHECK false false false false false false CRYSTAL PARTY 2869250 2597450 271800 338500 131546 1560 322109 DUBIN HTH GAL 2187863 2053388 134475 18600 132618 10418 282713 6 2072920 1877210 195710 109086 151512 106021 295979 7130033 6528048 601985 466186 415676 117999 900801 1900662 -1298677 true HONORARIUMS 128 146990 STIPENDS 202 222280 SCHOLARSHIPS 237 4218400 Part I, Line 2 ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI AWARDS SCHOLARSHIPS AS EITHER NEED-BASED OR MERIT-BASED AWARDS. TO AWARD OR ADMINISTER NEED-BASED SCHOLARSHIPS, THE DIRECTOR OF FINANCIAL AID FOLLOWS FEDERAL GUIDELINES STARTING WITH THE EVALUATION OF EACH STUDENT FOR "NEED" BASED ON FAFSA & NEED-ACCESS REPORTS. MERIT-BASED SCHOLARSHIPS ARE AWARDED BY COMMITTEES ESTABLISHED BY THE DEAN OF THE SCHOOL. ONCE AWARDEES ARE CHOSEN, THE SCHOLARSHIPS ARE AWARDED THROUGH THE DIRECTOR OF FINANCIAL AID. ELIGIBILITY FOR EACH ACADEMIC YEAR (SATISFACTORY ACADEMIC PROGRESS AND CURRENT ENROLLMENT) IS VERIFIED BY THE DIRECTOR PRIOR TO INITIAL DISBURSEMENT OF ANNUAL SCHOLARSHIPS AND ELIGIBILITY IS VERIFIED AGAIN FOR THE JANUARY TERM BEFORE SECOND TERM DISBURSEMENTS ARE MADE. X X X X true true false false false false false false false Kenneth L Davis MD Chief Executive Officer 832320 1567680 0 0 583950 1099874 728800 1372700 12981 24450 2158051 4064704 0 0 Dennis Charney MD 1 DEAN 800000 200000 320000 80000 313952 78488 21200 5300 15382 3845 1470534 367633 0 0 michael macdonald 2 former officer 410910 410910 0 0 0 0 0 0 0 0 410910 410910 0 0 donald t scanlon EVP, FINANCE/CHIEF CORP. SRVCS 275731 754269 90750 248250 94238 257791 7094 19406 8423 23041 476236 1302757 0 0 jeffrey silberstein EVP, CHIEF OPERATING OFFICER 183107 500893 58988 161362 21457 58693 7094 19406 8709 23824 279355 764178 0 0 stephen harvey SVP, CHIEF FINANCIAL OFFICER 456000 0 139668 0 60912 0 26500 0 45017 0 728097 0 0 0 elana abraham 23 former officer 0 249242 0 0 0 2003 0 20532 0 30018 0 301795 0 0 Samin Sharma MD PROFESSOR 212532 0 150000 0 4278731 0 21253 0 21372 0 4683888 0 0 0 Andrew Hecht MD ASSISTANT PROFESSOR 165699 0 0 0 10860071 0 16569 0 33714 0 11076053 0 0 0 frank cino SVP, SYSTEM CRO 72457 312543 20081 86619 2175 9383 3990 17210 5713 24641 104416 450396 0 0 jane whitney 2 former officer 0 203547 0 0 791 0 0 13270 0 217608 0 margaret pastuszko EVP, SYSTEM CSIO 189126 474474 81054 203346 2573 6455 6042 15158 11585 29063 290380 728496 0 0 KUMAR CHATANI EVP, SYSTEM CIO 67500 382500 17798 100853 24224 137269 3975 22525 3123 17695 116620 660842 0 0 SHEERAZ QURESHI MD ASSOCIATE PROFESSOR 144986 0 0 0 5019236 0 14498 0 26080 0 5204800 0 0 0 DAVID ADAMS MD CHAIRMAN 212097 0 729991 0 4596626 0 21209 0 28233 0 5588156 0 0 0 JEREMY BOAL MD EVP, SYSTEM CMO 0 774996 0 305000 0 80882 0 26500 0 31438 0 1218816 0 0 BETH ESSIG ESQ EVP, GENERAL COUNSEL 216778 686088 13023 41217 2013 6371 5345 16915 168 533 237327 751124 0 0 ARTHUR KLEIN MD EVP, PRES OF HEALTH NETWORK 0 850000 0 390000 0 65255 0 26500 0 12123 0 1343878 0 0 arthur jenkins iii md ASSOCIATE PROFESSOR 186864 0 0 0 4248992 0 18686 0 30796 0 4485338 0 0 0 BURTON DRAYER MD EVP, CEO MS DOCTORS FPA 225000 75000 55935 18645 757335 252445 19875 6625 12268 4090 1070413 356805 0 0 Part VII, Section A & Schedule J Compensation Footnotes Officers of the Boards of Trustees hours reflect service to all related organizations of MOUNT SINAI HEALTH SYSTEM, INC. (1) Employee has an outstanding loan reflected in Schedule L, Part II of Icahn School of Medicine at Mount Sinai Form 990. (2) Compensation is attributed to current services as a Non-Officer. (3) Compensation and benefits are funded from The Mount Sinai Hospital. (4) Compensation, benefits and hours reflect total amounts for services performed for this position and all other responsibilities. Note: In determining the five highest paid employees of Icahn School of Medicine at Mount Sinai, royalty payments received by employees of Icahn School of Medicine at Mount Sinai in connection with inventions have not been taken into account. Schedule J Part 1 Line 4B The Chief Executive Officer is the sole participant in the organization's first and only supplemental executive retirement plan ("SERP") and earned unvested benefits of $2,075,000 during the initial partial year in 2015 which are reported on Schedule J Part II Col C. Benefits earned under the SERP are nonvested forms of deferred compensation that fund the employee's eventual retirement benefit. These benefits are provided in exchange for all the employee's years of service to the organization. The amounts are at risk and will not be paid unless and until the employee has provided substantial future services to the organization. Benefits under the SERP vest if the employee remains employed at the organization through January 1, 2018 and are forfeited on a pro rated basis if the employee is terminated for cause or by reason of death or disability by the organization or if the employee leaves the organization voluntarily prior to January 1, 2018. SCHEDULE J, PART I, LINE 4A SEVERANCE PAYMENTS MICHAEL MACDONALD $821,820 JANE WHITNEY $204,338 A DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000923 64990BQK2 2015-08-20 560835513 REFUND '07&'09 BONDS, CAPITAL PROJ false false false B DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000923 6499055E2 2010-11-16 103555357 REFUND 3/2/1994 BONDS false false false C DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000923 999999999 2012-12-20 27609791 TELP-FINANCE RESEARCH AND CLINICAL false false false A 0 0 560847693 0 0 0 3363364 0 0 928107 502383016 54173206 2018 false true false true B 34760000 0 103566283 0 0 0 1518634 0 0 0 102047649 0 1997 true false true true C 0 0 27609791 0 0 0 129958 0 0 25292991 0 2186842 2015 false false false true A false false true true true true 0 0.00033 0.00033 false false 0.00000 false false B 0 C false false true true true true 0.00413 0.00000 0.00413 false false false false A false true false false 0 false 0 false false B false true false false 0 false 0 true false C false true false false 0 false 0 true false A false B false C false SCHEDULE K - SUPPLEMENTAL INFORMATION BOND A: PART II, LINE 3: THE DIFFERENCE BETWEEN THE TOTAL PROCEEDS OF ISSUE AND ISSUE PRICE ON FORM 8038 IS EARNINGS OF $12,180. PART II, LINE 7: THE DIFFERENCE TO THE AMOUNT REPORTED ON FORM 8038, PART IV, LINE 26 IS UNSPENT ISSUANCE COSTS. PART III, LINE 3A & 3B: ALL MANAGEMENT CONTRACTS ARE COMPLIANT WITH IRS REVENUE PROCEDURE 97-13. PART III, LINE 3C & 3D: ALL RESEARCH AGREEMENTS ARE COMPLIANT WITH IRS REVENUE PROCEDURE 2007-47. PART III, LINE 9: ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI HAS WRITTEN PROCEDURES THAT ENSURE NONQUALIFIED USE IS COMPLIANT WITH REGULATIONS SECTIONS 1.141-12 AND 1.145-2 WITH REGARDS TO RESEARCH ARRANGEMENTS. ISMMS DOES NOT HAVE WRITTEN PROCEDURES ADDRESSING OTHER NONQUALIFIED USE OF WHICH THERE IS NONE; HOWEVER, THE ORGANIZATION HAS DETERMINED TO UNDERTAKE TO DEVISE PROCEDURES TO ENSURE THAT IF ANY BONDS BECOME NONQUALIFIED, THEY WILL BE REMEDIATED IN ACCORDANCE WITH REGULATIONS SECTIONS 1.141-12 AND 1.145-2. PART IV, LINE 7: DASNY, THE BOND ISSUER INDICATED IN PART I (COLUMN A), DIRECTS AND MONITORS INVESTMENTS AND TAKES SOLE RESPONSIBILITY FOR COMPLIANCE WITH THE REQUIREMENTS OF SECTION 148. THE ORGANIZATION DOES NOT DIRECT THE INVESTMENT OF BOND PROCEEDS. PART V: WRITTEN PROCEDURES ARE LIMITED TO THE RESEARCH PROCEDURES CONCERNING ICAHN SCHOOL OF MEDICINE AT MOUNT SINAIS RESEARCH AGREEMENTS. THE ORGANIZATION IS AWARE THAT A VOLUNTARY CLOSING AGREEMENT PROGRAM IS AVAILABLE IF VIOLATIONS, SHOULD THEY OCCUR, OF FEDERAL TAX REQUIREMENTS CANNOT BE CORRECTED THROUGH SELF-REMEDIATION UNDER APPLICABLE REGULATIONS. THE ORGANIZATION HAS DETERMINED TO UNDERTAKE TO DEVISE PROCEDURES TO ENSURE THAT IN THE EVENT FEDERAL TAX VIOLATIONS OCCUR THAT CANNOT BE CORRECTED THROUGH SELF-REMEDIATION, SUCH VIOLATIONS WILL QUALIFY FOR RESOLUTION THROUGH THE VOLUNTARY CLOSING AGREEMENT PROGRAM. BOND B: PART II, LINE 3: THE DIFFERENCE BETWEEN THE TOTAL PROCEEDS OF ISSUE AND ISSUE PRICE ON FORM 8038 IS EARNINGS OF $10,926. PART IV, LINE 2C: THE REBATE COMPUTATION SHOWING THAT NO REBATE WAS DUE FOR THIS BOND WAS LAST PERFORMED ON 12/31/2014. PART IV, LINE 7: DASNY, THE BOND ISSUER INDICATED IN PART I (COLUMN A), DIRECTS AND MONITORS INVESTMENTS AND TAKES SOLE RESPONSIBILITY FOR COMPLIANCE WITH THE REQUIREMENTS OF SECTION 148. THE ORGANIZATION DOES NOT DIRECT THE INVESTMENT OF BOND PROCEEDS. PART V: WRITTEN PROCEDURES ARE LIMITED TO THE RESEARCH PROCEDURES CONCERNING ICAHN SCHOOL OF MEDICINE AT MOUNT SINAIS RESEARCH AGREEMENTS. THE ORGANIZATION IS AWARE THAT A VOLUNTARY CLOSING AGREEMENT PROGRAM IS AVAILABLE IF VIOLATIONS, SHOULD THEY OCCUR, OF FEDERAL TAX REQUIREMENTS CANNOT BE CORRECTED THROUGH SELF-REMEDIATION UNDER APPLICABLE REGULATIONS. THE ORGANIZATION HAS DETERMINED TO UNDERTAKE TO DEVISE PROCEDURES TO ENSURE THAT IN THE EVENT FEDERAL TAX VIOLATIONS OCCUR THAT CANNOT BE CORRECTED THROUGH SELF-REMEDIATION, SUCH VIOLATIONS WILL QUALIFY FOR RESOLUTION THROUGH THE VOLUNTARY CLOSING AGREEMENT PROGRAM. BOND C: PART III, LINE 3A & 3B: ALL MANAGEMENT CONTRACTS ARE COMPLIANT WITH IRS REVENUE PROCEDURE 97-13. PART III, LINE 3C & 3D: ALL RESEARCH AGREEMENTS ARE COMPLIANT WITH IRS REVENUE PROCEDURE 2007-47. PART III, LINE 9: ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI HAS WRITTEN PROCEDURES THAT ENSURE NONQUALIFIED USE IS COMPLIANT WITH REGULATIONS SECTIONS 1.141-12 AND 1.145-2 WITH REGARDS TO RESEARCH ARRANGEMENTS. ISMMS DOES NOT HAVE WRITTEN PROCEDURES ADDRESSING OTHER NONQUALIFIED USE OF WHICH THERE IS NONE; HOWEVER, THE ORGANIZATION HAS DETERMINED TO UNDERTAKE TO DEVISE PROCEDURES TO ENSURE THAT IF ANY BONDS BECOME NONQUALIFIED, THEY WILL BE REMEDIATED IN ACCORDANCE WITH REGULATIONS SECTIONS 1.141-12 AND 1.145-2. PART IV, LINE 7: DASNY, THE BOND ISSUER INDICATED IN PART I (COLUMN A), DIRECTS AND MONITORS INVESTMENTS AND TAKES SOLE RESPONSIBILITY FOR COMPLIANCE WITH THE REQUIREMENTS OF SECTION 148. THE ORGANIZATION DOES NOT DIRECT THE INVESTMENT OF BOND PROCEEDS. PART V: WRITTEN PROCEDURES ARE LIMITED TO THE RESEARCH PROCEDURES CONCERNING ICAHN SCHOOL OF MEDICINE AT MOUNT SINAIS RESEARCH AGREEMENTS. THE ORGANIZATION IS AWARE THAT A VOLUNTARY CLOSING AGREEMENT PROGRAM IS AVAILABLE IF VIOLATIONS, SHOULD THEY OCCUR, OF FEDERAL TAX REQUIREMENTS CANNOT BE CORRECTED THROUGH SELF-REMEDIATION UNDER APPLICABLE REGULATIONS. THE ORGANIZATION HAS DETERMINED TO UNDERTAKE TO DEVISE PROCEDURES TO ENSURE THAT IN THE EVENT FEDERAL TAX VIOLATIONS OCCUR THAT CANNOT BE CORRECTED THROUGH SELF-REMEDIATION, SUCH VIOLATIONS WILL QUALIFY FOR RESOLUTION THROUGH THE VOLUNTARY CLOSING AGREEMENT PROGRAM. DAVID ADAMS OFFICER MORTGAGE X 1000000 1000000 false true true DENNIS CHARNEY OFFICER MORTGAGE X 500000 500000 false true true 1500000 GARY B DAVIS FAMILY MEMBER OF OFFICER 167606 SEE PART V false ELISSA G FRIEDMAN FAMILY MEMBER OF TRUSTEE 76291 SEE PART V false MARGARET RUTTENBERG FAMILY MEMBER OF TRUSTEE 100704 SEE PART V false JULIA HART FAMILY MEMBER OF TRUSTEE 47765 SEE PART V false IRWIN GRIBETZ FAMILY MEMBER OF TRUSTEE 74945 SEE PART V false ALEX CHARNEY FAMILY MEMBER OF OFFICER 32684 SEE PART V false Schedule L, Part IV, Column D BUSINESS TRANSACTIONS INVOLVING INTERESTED PARTIES: NAME OF INTERESTED PERSON: GARY B. DAVIS OFFICER KENNETH DAVIS HAS A FAMILY RELATIONSHIP WITH GARY B. DAVIS WHO IS EMPLOYED BY ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI. NAME OF INTERESTED PERSON: ELISSA G. FRIEDMAN TRUSTEE ROBERT FRIEDMAN HAS A FAMILY RELATIONSHIP WITH ELISSA G. FRIEDMAN WHO IS EMPLOYED BY ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI. NAME OF INTERESTED PERSON: MARGARET RUTTENBERG TRUSTEE ERIC RUTTENBERG HAS A FAMILY RELATIONSHIP WITH MARGARET RUTTENBERG WHO IS EMPLOYED BY ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI. NAME OF INTERESTED PERSON: JULIA HART TRUSTEE STEPHEN SCHWARTZ HAS A FAMILY RELATIONSHIP WITH JULIA HART WHO IS EMPLOYED BY ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI. NAME OF INTERESTED PERSON: IRWIN GRIBETZ TRUSTEE JUDAH GRIBETZ, HAS A FAMILY RELATIONSHIP WITH IRWIN BRIBETZ WHO IS EMPLOYED BY ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI. NAME OF INTERESTED PERSON: ALEX CHARNEY OFFICER DENNIS CHARNEY HAS A FAMILY RELATIONSHIP WITH ALEX CHARNEY WHO IS EMPLOYEED BY ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI. X 6 134840 RESALE VALUE X 1400 RESALE VALUE X 5225 RESALE VALUE X 110 9015307 RESALE VALUE X 1 174 RESALE VALUE X TOYS 5 957 RESALE VALUE X DINING & ENTERTAINMENT 4 9632 RESALE VALUE X ELECTRONICS 1 1300 RESALE VALUE X FLOWER 2 5174 RESALE VALUE X GIFT BASKET 9 73367 RESALE VALUE X GIFT CERTIFICATE 2 800 RESALE VALUE X VACATION 3 1700 RESALE VALUE X ACCESSORIES 1 595 RESALE VALUE X LAB EQUIPMENT 1 5000 RESALE VALUE X SPORTS TICKETS 3 5580 RESALE VALUE X EVENTS & PROGRAMS 3 8084 RESALE VALUE X WINE 4 5336 RESALE VALUE false true true SCHEDULE M, PART I, LINE 9 * 57,500 SHARES OF ESTEE LAUDER VALUED AT $5,000,000 * 5,100 SHARES OF GOLDMAN SACHS VALUED AT $940,573 * 540,000 SHARES OF MORGAN STANLEY GLOBAL VALUED AT $495,242 * 900 SHARES OF SIGMA-ALDRICH VALUED AT $124,614 * 488 SHARES OF PRECISION CASTPARTS VALUED AT $100,626 * 2,044 SHARES OF TWITTER VALUED AT $100,013 * 540,000 SHARES OF MORGAN STANLEY GLOBAL VALUED AT $100,000 * 5,000 SHARES OF INTERXION HLDG VALUED AT $100,000 * 910 SHARES OF ASML HOLDING NV VALUED AT $99,800 * 740 SHARES OF INTERNATIONAL BUSINESS VALUED AT $99,663 * 740 SHARES OF INTERNATIONAL BUSINESS VALUED AT $99,663 * 1,992 SHARES OF NIELSEN VALUED AT $89,979 * 5,277 SHARES OF JPMORGAN LARGE CAP CORE VALUED AT $69,922 * 78 SHARES OF ALPHABET INC VALUED AT $59,830 * 4,000 SHARES OF INTERXION VALUED AT $57,680 * 997 SHARES OF CANTEL MEDICAL CORP VALUED AT $53,808 * 1,000 SHARES OF ATMOS ENERGY CORP VALUED AT $53,204 * 472 SHARES OF FACEBOOK VALUED AT $50,428 * 217 SHARES OF PRECISION CASTPARTS VALUED AT $50,303 * 885 SHARES OF CBS CORPORATION CL B VALUED AT $50,233 * 820 SHARES OF CBS CORPORATION CL B VALUED AT $50,217 * 883 SHARES OF CBS CORPORATION CL B VALUED AT $50,207 * 1,375 SHARES OF ORACLE CORP VALUED AT $50,160 * 1,700 SHARES OF CRAY INC. VALUED AT $50,000 * 4,000 SHARES OF INTERXION VALUED AT $50,000 * 243 SHARES OF GOLDMAN SACHS VALUED AT $48,182 * 990 SHARES OF US BANCORP VALUED AT $42,125 * 600 SHARES OF BRISTOL-MYERS SQUIBB VALUED AT $41,460 * 5,000 SHARES OF INTERXION HLDG VALUED AT $39,200 * 163 SHARES OF PRECISION CASTPARTS VALUED AT $37,785 * 900 SHARES OF YAHOO VALUED AT $29,669 * 240 SHARES OF CORE LABORATORIES VALUED AT $26,400 * 300 SHARES OF EXPRESS SCRIPTS VALUED AT $25,896 * 352 SHARES OF TARGET CORP VALUED AT $25,879 * 110 SHARES OF PRECISION CASTPARTS VALUED AT $25,515 * 110 SHARES OF PRECISION CASTPARTS VALUED AT $25,413 * 993 SHARES OF JOHNSON OUTDOORS INC. VALUED AT $25,123 * 2,297 SHARES OF TECHNOLOGY SELECT VALUED AT $25,066 * 2,297 SHARES OF TECHNOLOGY SELECT VALUED AT $25,066 * 2,297 SHARES OF TECHNOLOGY SELECT VALUED AT $25,066 * 2,297 SHARES OF TECHNOLOGY SELECT VALUED AT $25,066 * 220 SHARES OF MCDONALD'S CORP VALUED AT $25,049 * 922 SHARES OF EMC CORP VALUED AT $25,042 * 335 SHARES OF DUKE ENERGY VALUED AT $25,000 * 463 SHARES OF ROYAL BANK OF CANADA VALUED AT $24,766 * 170 SHARES OF INTERNATIONAL BUSINESS VALUED AT $23,055 * 139 SHARES OF AMGEN, INC. VALUED AT $22,901 * 185 SHARES OF LANCASTER COLONY CORP. VALUED AT $21,081 * 37 SHARES OF TRANSDIGM GROUP INC VALUED AT $15,279 * 262 SHARES OF AMERICAN INTERNATIONAL GROUP VALUED AT $15,104 * 111 SHARES OF INTERNATIONAL BUSINESS VALUED AT $14,949 * 245 SHARES OF HEALTHSOUTH CORP VALUED AT $10,996 * 45 SHARES OF PRECISION CASTPARTS VALUED AT $10,391 * 145 SHARES OF CONSTELLATION BRANDS VALUED AT $10,304 * 145 SHARES OF CONSTELLATION BRANDS VALUED AT $10,304 * 80 SHARES OF AMERIPRISE FINANCIAL INC VALUED AT $10,262 * 40 SHARES OF SPDR S&P MIDECAP 400 VALUED AT $10,247 * 74 SHARES OF INTERNATIONAL BUSINESS MACHINES VALUED AT $10,132 * 83 SHARES OF CHUBB CORP VALUED AT $10,108 * 88 SHARES OF APPLE INC VALUED AT $10,102 * 80 SHARES OF APPLE INC. VALUED AT $10,034 * 175 SHARES OF BARON ASSET RETAIL (BARAX) VALUED AT $10,029 * 96 SHARES OF TARGA RESOURCES CORP. VALUED AT $10,027 * 3,550 SHARES OF GRIFFIN LAND & NURSERIES VALUED AT $10,000 * 4,000 SHARES OF INTERXION VALUED AT $10,000 * 133 SHARES OF EXXON MOBIL CORP VALUED AT $9,996 * 1,000 SHARES OF ATMOS ENERGY CORP VALUED AT $8,726 * 23 SHARES OF PRECISION CASTPARTS CORP VALUED AT $5,278 * 43 SHARES OF UNITEDHEALTH GROUP VALUED AT $5,169 * 44 SHARES OF UNITED HEALTH GROUP INC-CS VALUED AT $5,164 * 50 SHARES OF CVS HEALTH VALUED AT $5,129 * 30 SHARES OF PALO ALTO NETWORK VALUED AT $5,065 * 45 SHARES OF VANGUARD SMALL-CAP EFT VALUED AT $5,065 * 45 SHARES OF TRAVELERS COS VALUED AT $5,052 * 104 SHARES OF NEXTERA ENERGY VALUED AT $5,051 * 50 SHARES OF PEPSICO INC. VALUED AT $5,027 * 35 SHARES OF GENERAL DYNAMICS VALUED AT $4,942 * 108 SHARES OF REYNOLDS AMERICAN INC VALUED AT $4,925 * 40 SHARES OF VANGUARD MID-CAP EFT VALUED AT $4,866 * 16 SHARES OF LOCKHEAD MARTIN CORP VALUED AT $3,456 * 30 SHARES OF MOODY'S CORP. VALUED AT $2,989 * 34 SHARES OF NESTLE SA VALUED AT $2,560 * 591 SHARES OF WALT DISNEY VALUED AT $2,549 * 25 SHARES OF UNITED PARCELS VALUED AT $2,535 * 85 SHARES OF GENERAL ELECTRIC VALUED AT $2,522 * 16 SHARES OF ILLUMINA INC VALUED AT $2,512 * 245 SHARES OF WENDY'S VALUED AT $2,511 * 22 SHARES OF PEPSICO INC VALUED AT $2,214 * 22 SHARES OF EXXON MOBIL VALUED AT $1,971 * 1,700 SHARES OF CRAY INC. VALUED AT $1,493 * 21 SHARES OF TIME WARNER INC. VALUED AT $1,373 * 10 SHARES OF IBM VALUED AT $1,365 * 23 SHARES OF SIX FLAGS ENTERTAINMENT VALUED AT $1,182 * 22 SHARES OF EQT CORPORATION VALUED AT $1,062 * 32 SHARES OF PFIZER VALUED AT $1,040 * 335 SHARES OF DUKE ENERGY VALUED AT $1,026 * 15 SHARES OF JPMORGAN CHASE VALUED AT $995 * 50 SHARES OF ISLE OF CAPRI CASINOS INC. VALUED AT $964 * 30 SHARES OF BLACKSTONE GROUP VALUED AT $924 * 5 SHARES OF TIME WARNER CABLE VALUED AT $917 * 1,200 SHARES OF ZIOPHARM ONCOLOGY VALUED AT $728 * 114 SHARES OF FRONTIER COMMUNICATION VALUED AT $577 * 6 SHARES OF SEMPRA ENERGY VALUED AT $572 * 6 SHARES OF UNITED TECHNOLOGIES VALUED AT $564 * 16 SHARES OF PFIZER VALUED AT $532 * 4,400 SHARES OF EXLSERVICE HOLDINGS INC. VALUED AT $179 * 4,400 SHARES OF EXLSERVICE HOLDINGS INC. VALUED AT $179 * 139 SHARES OF AMGEN, INC. VALUED AT $53 * 23 SHARES OF SIX FLAGS ENTERTAINMENT VALUED AT $39 * 2 SHARES OF TIME INC VALUED AT $31 SCHEDULE M, PART I, LINE 32B NON-CASH DONATIONS ARE RESOLD THROUGH OUTSIDE AUCTION HOUSES. REASON FOR AMENDED RETURN The return for the calendar year ended December 31, 2015 is being amended by the taxpayer to correct compensation reported in Part VII and Schedule J as follows: Part VII, Section A compensation was amended for one individual Schedule J, Part I, Line 4b - answer changed to YES Schedule J, Part II compensation detail was amended for one individual Schedule J, Part III Part I, Line 4b narrative was amended for one individual FORM 990, Supplemental Information PART I, LINE 5 NUMBER OF EMPLOYEES Employees of The Mount Sinai Hospital and The Icahn School of Medicine at Mount Sinai, including employees providing 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 Mount Sinai Hospital's tax identification number with the common paymaster system is 25,249 individuals. The total number of employees reported under the Schools tax identification number is 36 individuals. The number of direct School employees is 11,131 individuals. PART III, LINE 1 ORGANIZATION MISSION STATEMENT ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI COMMITS TO THE ADVANCEMENT OF THE ART AND SCIENCE OF MEDICINE THROUGH CLINICAL EXCELLENCE. THIS CENTRAL MISSION CONSISTS OF QUALITY PATIENT CARE AND TEACHING CONDUCTED IN AN ATMOSPHERE OF SOCIAL CONCERN AND SCHOLARLY INQUIRY INTO THE NATURE, CAUSATION, PREVENTION AND TREATMENT OF HUMAN DISEASE. PART VI, SECTION A, LINE 2 FAMILY/BUSINESS RELATIONSHIPS *Emeritus Trustees have no vote on the Icahn School of Medicine at Mount Sinais Board. *Officer Frederick Klingenstein and Trustee Jo Carole Lauder are Emeritus Board Members and are therefore non-voting members of the board. *Trustees Robin Neustein and Patricia S. Levinson no longer served on the Icahn School of Medicine at Mount Sinais Board as of December 31, 2015 and no longer hold a vote. *Trustees James and Jean Crystal have a family relationship. *Trustees Glenn Dubin and Eric Ruttenberg have a business relationship. *Trustees Judith and Robert E. Rubin have a family relationship. *Trustee Bonnie Davis, MD and Officer Kenneth Davis, MD have a family relationship. *Trustees Glenn Dubin and Eva Andersson Dubin, MD have a family relationship. *Trustees Steve Hochberg and James Flynn have a business relationship. *Trustees Donald Gogel and Henry Kravis have a business relationship. *Trustees Gail Golden-Icahn and Carl Icahn have a family relationship. *Trustees Michael Gross and Steve Hochberg have a business relationship. PART VI, SECTION A, LINE 6 Mount Sinai Health System, Inc. is the Sole Member of the organization. PART VI, SECTION A, LINE 7A The Member has the power to elect the members of the governing body of the organization. PART VI, SECTION A, LINE 7B 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. PART VI, SECTION B, LINE 11B 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 Counsels office and the Audit and Compliance Department. These recommendations were reviewed and approved by EY. The same process was conducted by the Finance Department, the General Counsels 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 entire tax return, with the participation of EY, the Finance Department, the General Counsels office, and the Audit and Compliance Department. The Audit Committee approved the tax returns as presented. * The Audit Committees 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, 2016, be provided to all trustees via the trustees confidential website, and those returns were so provided before being filed. PART VI, SECTION B, LINE 12C Monitoring & enforcing compliance with the policy Compliance with the Organizations 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. PART VI, SECTION B, LINES 15A & 15B 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 meetings 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 Sinais 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 institutions 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 Board of Trustees, including information about the individuals performance, and for new employees, the individuals 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 Committees 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 individuals 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 Committees 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. PART VI, SECTION C, LINE 19 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. PART VII, LINE 2 Employees who received more than $100,000 in compensation Direct School employees who receive more than $100,000 total 3,438. This excludes employees of the other entities for which the Hospital operates as the paymaster as described in the Schedule O explanation for IRS Form 990, Core Form Part I, Line 5. MOUNT SINAI CARE LLC 1 GUSTAVE LEVY PLACE BOX 1061 NEW YORK NY 10029 454492275 ACCT CARE ORG NY 0 0 ISMMS THE MOUNT SINAI MEDICAL CENTER INC ONE GUSTAVE L LEVY PLACE NEW YORK NY 10029 136271888 SUPPORT NY 501(C)(3) 11 TYPE II MSHS true THE MOUNT SINAI HOSPITAL ONE GUSTAVE L LEVY PLACE NEW YORK NY 10029 131624096 HOSPITAL NY 501(C)(3) 3 MSHG true MITRAL FOUNDATION 1190 FIFTH AVENUE NEW YORK NY 10029 800468600 RESEARCH NY 501(C)(3) 11 TYPE I ISMMS true THE MOUNT SINAI CHILDREN'S CENTER FND ONE GUSTAVE L LEVY PLACE NEW YORK NY 10029 223059294 SUPPORT NY 501(C)(3) 11 TYPE I ISMMS true MSMC REALTY CORPORATION ONE GUSTAVE L LEVY PLACE NEW YORK NY 10029 133852596 REAL ESTATE NY 501(C)(3) 11 TYPE I SEE PART VII true MSMC RESIDENTIAL REALTY LLC 1425 MADISON AVENUE NEW YORK NY 10029 200244426 REAL ESTATE NY 501(C)(3) 11 TYPE I SEE PART VII true MOUNT SINAI DIAG & TREATMENT CENTER ONE GUSTAVE L LEVY PLACE NEW YORK NY 10029 450537391 DIAG CLINIC NY 501(C)(3) 3 MSH true MSMC RESIDENTIAL REALTY 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true EAST 17TH STREET PROPERTIES INC 150 EAST 42ND STREET NEW YORK NY 10017 133547502 REAL ESTATE NY 501(C)(3) 9 BIMC HOLDCO 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 true AUGUSTUS & JAMES CORPORATION 150 EAST 42ND STREET NEW YORK NY 10017 133392851 REAL ESTATE NY 501(C)(3) 11 TYPE II SLR true ST LUKE'S-ROOSEVELT INSTITUTE FOR HEALTH 1111 AMSTERDAM AVENUE NEW YORK NY 10025 132914343 RESEARCH NY 501(C)(3) 4 SLR true NEW YORK EYE AND EAR INFIRMARY 310 EAST 14TH STREET NEW YORK NY 10003 135562304 HOSPITAL NY 501(C)(3) 3 MSHG true NEW YORK EYE & EAR INFIRMARY FNDN 310 EAST 14TH STREET NEW YORK NY 10003 134012469 PRIVATE FDN NY 501(C)(3) PF NYEE true NYEEI HOUSING COMPANY INC 317-327 EAST 13TH STREET NEW YORK NY 10003 311696826 REAL ESTATE NY 501(C)(2) N/A NYEE true BETH ISRAEL MEDICAL CENTER FDN INC 150 EAST 42ND STREET NEW YORK NY 10017 300571387 FUNDRAISING NY 501(C)(3) 7 BIMC true ST LUKE'S-ROOSEVELT HOSPITAL CENTER FDN 150 EAST 42ND STREET NEW YORK NY 10017 300571390 FUNDRAISING NY 501(C)(3) 7 SLR true BETH ISRAEL MEDICAL CENTER FIRST AVENUE AT 16TH STREET NEW YORK NY 10003 135564934 HOSPITAL NY 501(C)(3) 3 MSHG true GREATER METROPOLITAN IPA II 150 EAST 42ND STREET NEW YORK NY 10017 133977019 INACTIVE NY BIMCSLR c false GREATER METROPOLITAN IPA V 150 EAST 42ND STREET NEW YORK NY 10017 134141695 INACTIVE NY BIMCSLR c false MANHATTAN MANAGEMENT SERVICES 1780 BROADWAY 7TH FL NEW YORK NY 10019 133618543 MGMT SERVICES NY SLR c false SLR MANAGEMENT SERVICES 150 EAST 42ND STREET NEW YORK NY 10017 133853145 MGMT SERVICES NY SLR c false WEST CARE MEDICAL PC 150 EAST 42ND STREET NEW YORK NY 10017 133811203 INACTIVE NY SLR c false Mount Sinai HC Ventures 150 EAST 42ND STREET NEW YORK NY 10017 460953126 HEALTH CARE MGMT NY BIMC HOLDCO c false Mount Sinai Genomics Inc 1425 Madison Ave New York NY 10029 475349024 CLINICAL LAB DE ISMMS C 0 0 1.00000 true false false true false false false false false true true false false true true true true true false true THE MOUNT SINAI HOSPITAL C 36200636 COST THE MOUNT SINAI MEDICAL CENTER INC S 1147739 COST THE MOUNT SINAI HOSPITAL J 7235568 COST THE MOUNT SINAI HOSPITAL N 12597768 COST THE MOUNT SINAI HOSPITAL O 23977709 COST THE MOUNT SINAI HOSPITAL P 1265156000 COST THE MOUNT SINAI HOSPITAL Q 226909125 COST THE MOUNT SINAI MEDICAL CENTER INC I 2817000 COST THE MOUNT SINAI HOSPITAL S 1147739 COST THE MOUNT SINAI HOSPITAL I 2817000 COST MOUNT SINAI CHILDREN'S CENTER FOUNDATION INC O 137960 COST MOUNT SINAI CHILDREN'S CENTER FOUNDATION INC C 333318 COST MITRAL FOUNDATION O 302592 COST MITRAL FOUNDATION C 277749 COST MOUNT SINAI ST LUKE'S-ROOSEVELT Q 12897767 COST MOUNT SINAI BETH ISRAEL Q 17149995 COST MOUNT SINAI BETH ISRAEL Q 530969 COST VALENTIN FUSTER MT SINAI FND SCI HLTH C 758137 COST THE MOUNT SINAI MEDICAL CENTER INC I 58249038 FMV THE MOUNT SINAI HOSPITAL C 213000 FMV THE MOUNT SINAI HOSPITAL C 262284 COST MSMC REALTY CORPORATION C 175996 COST MSMC RESIDENTIAL REALTY LLC C 201057 COST PART II, LINE 5, COLUMN F - MSMC REALTY CORPORATION DIRECT CONTROLLING ENTITY ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI, THE MOUNT SINAI HOSPITAL AND MOUNT SINAI MEDICAL CENTER ARE ALL MEMBERS OF THIS ENTITY. PART II, LINE 6, COLUMN F - 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. PART II, LINE 1, COLUMN F - 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.