2013-01-30T15:35:02-06:00 2011-12-31 ERNST & YOUNG US LLP 111 MONUMENT CIRCLE STE 2600 INDIANAPOLIS IN 46204 990 2011-01-01 136271888 The Mount Sinai Medical Center % STEPHEN HARVEY MOUN 2127313413 One Gustave L Levy Place New York NY 10029 STEPHEN HARVEY 2013-01-30 3176817000 2011 2016-02-25 16:41:14Z STEPHEN HARVEY ONE GUSTAVE L LEVY PLACE NEW YORK NY 100296574 0 false X n/a X 1967 NY THE MEDICAL CENTER SUPERVISES AND COORDINATES POLICIES AND FUND-RAISING ACTIVITIES FOR THE MOUNT SINAI HOSPITAL AND MOUNT SINAI SCHOOL OF MEDICINE. 47 43 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 17098264 17006095 2135059 2042890 14963205 14963205 PROVIDE FUNDRAISING AND SUPPORT TO THE MOUNT SINAI SCHOOL OF MEDICINE AND THE MOUNT SINAI HOSPITAL. false false 0 0 0 THE MEDICAL CENTER MAINTAINS INVESTMENTS IN A POOLED INVESTMENT PORTFOLIO FOR THE BENEFIT OF MOUNT SINAI SCHOOL OF MEDICINE, THE MOUNT SINAI HOSPITAL, MOUNT SINAI AUXILIARY BOARD, AS WELL AS THE MEDICAL CENTER. THESE 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 (GENERALLY, THE SCHOOL) OR UNSPECIFIED PURPOSES. 0 0 0 0 true false false false false false false false true false true false false true false true false false false true false false false false false false false false true false false false false false true true true false false false false false true true false false false true 0 0 0 false false false false false false false false false false X 47 43 true false false false false false false true true false false true true true true true true false false false NY X STEPHEN HARVEY 2127313413 633 3RD AVENUE 10TH FLOOR - BOX 45 new york NY 10017 X PETER W MAY 10.0 X X FREDERICK A KLINGENSTEIN 10.0 X X ALFRED R STERN 10.0 X X DONALD J GOGEL 10.0 X X MICHAEL MINIKES 10.0 X X ROBERT E RUBIN 10.0 X X JAMES S TISCH 10.0 X X JAMES W CRYSTAL 10.0 X X GLENN DUBIN 10.0 X X JOEL S EHRENKRANZ 10.0 X X ELLEN KATZ 10.0 X X HENRY R KRAVIS 10.0 X X JOHN A LEVIN 10.0 X X ERIC MINDICH 10.0 X X ANDREW M SAUL 10.0 X X THOMAS W STRAUSS 10.0 X X EDGAR M CULLMAN deceased 82811 10.0 X X Thomas r block 10.0 X X ANDREW M ALPER 5.0 X CHRISTOPHER W BRODY 5.0 X dr BONNIE M DAVIS 5.0 X BLAINE V FOGG 5.0 X CLIFFORD H GOLDSMITH 5.0 X JUDAH GRIBETZ 5.0 X GEORGE J GRUMBACH jr 5.0 X CARLA HARRIS 5.0 X JOSHUA J HARRIS 5.0 X ANDREW D HEINEMAN 5.0 X JOHN D HOWARD 5.0 X MICHAEL KLEIN 5.0 X JOSHUA NASH 5.0 X BERNARD W NUSSBAUM 5.0 X JUDITH O RUBIN 5.0 X ERIC M RUTTENBERG 5.0 X joseph j plumeri 5.0 X DAVID WINDREICH 5.0 X eric waldman 5.0 X christopher j williams 5.0 X jeff t blau 5.0 X sonia e gardner 5.0 X eric s lane 5.0 X marc s lipschultz 5.0 X joseph c shenker 5.0 X david m zaslav 5.0 X richard Ravitch 10.0 X X Glenn R August 5.0 X Andrew Borrok 5.0 X Peter R Orszag 5.0 X KENNETH L DAVIS MD 1 1.0 X 0 2556044 54270 DENNIS CHARNEY MD12 1.0 X 0 1200169 39815 BURTON DRAYER MD12 1.0 X 0 1005917 36596 WAYNE KEATHLEY 1 1.0 X 0 1234445 46452 MICHAEL MACDONALD 1 1.0 X 0 908330 56824 DONALD T SCANLON 1 1.0 X 0 1292700 49636 JEFFREY SILBERSTEIN 1 1.0 X 0 957850 41270 STEPHEN HARVEY 1 1.0 X 0 670839 68426 MARK KOSTEGAN FAHP 1 1.0 X 0 827466 42420 JANE MAKSOUD 1 1.0 X 0 683579 55550 IRA S NASH MD 1 1.0 X 0 546054 46073 JACK NELSON 1 1.0 X 0 559630 21265 MICHAEL PASTIER 1 1.0 X 0 621316 60452 douglas jabs mD1 1.0 X 0 882149 43516 ELANA ABRAHAM 1 1.0 X 0 228440 48763 Scott pittman 1 1.0 X 0 840515 49235 frank cino ms 1 1.0 X 0 344380 45217 margaret pastuszko 1 1.0 X 0 602618 47488 jane whitney 1 1.0 X 0 332698 37534 KUMAR CHATANI 1 1.0 X 0 264528 2450 Connie C Klepper 1 1.0 X 0 621252 28656 0 17180919 921908 0 false true false 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 15049805 14712977 2048459 2293118 0 0 0 0 0 0 17098264 17006095 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2135059 2042890 2135059 2042890 X 0 0 0 0 14963205 14963205 14963205 14963205 17098264 17006095 0 X false true true X false X X X X false false false MOUNT SINAI SCHOOL OF MEDICINE 136171197 02 true 0 THE MOUNT SINAI HOSPITAL 131624096 03 true 0 2 0 14963205 14963205 14963205 14963205 14963205 14963205 14693205 14693205 0.00000 1.00000 0.00000 false false PRIVATE EQUITY 2293118 F 2293118 0 DUE TO MOUNT SINAI SCHOOL MED 2042890 2042890 0 0 0 0 Part V Line 4 THE ENDOWMENT FUNDS INTENDED USE IS TO GENERATE INCOME FOR THE BENEFIT OF MOUNT SINAI SCHOOL OF MEDICINE, THE MOUNT SINAI HOSPITAL, MOUNT SINAI AUXILIARY BOARD, AS WELL AS THE MEDICAL CENTER. Central America and the Caribbean 0 0 Investments 7670000 0 0 0 0 7670000 7670000 false false false false false false SCHEDULE F, PARTS I & 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 FILED BY THE RESPECTIVE ORGANIZATION. false false false false false false false false false KENNETH L DAVIS MD 1 0 1045000 0 1260350 0 250694 0 24500 0 29770 0 2610314 0 0 DENNIS CHARNEY MD12 0 600000 0 280078 0 320091 0 24500 0 15315 0 1239984 0 0 BURTON DRAYER MD12 0 212097 0 0 0 793820 0 21210 0 15386 0 1042513 0 0 WAYNE KEATHLEY 1 0 694000 0 420116 0 120329 0 24500 0 21952 0 1280897 0 0 MICHAEL MACDONALD 1 0 581000 0 90000 0 237330 0 19600 0 37224 0 965154 0 0 DONALD T SCANLON 1 0 612000 0 606834 0 73866 0 24500 0 25136 0 1342336 0 0 JEFFREY SILBERSTEIN 1 0 624000 0 256738 0 77112 0 24500 0 16770 0 999120 0 0 STEPHEN HARVEY 1 0 456000 0 163379 0 51460 0 24500 0 43926 0 739265 0 0 MARK KOSTEGAN FAHP 1 0 500000 0 210019 0 117447 0 24500 0 17920 0 869886 0 0 JANE MAKSOUD 1 0 461000 0 163379 0 59200 0 24500 0 31050 0 739129 0 0 IRA S NASH MD 1 0 400000 0 46467 0 99587 0 24500 0 21573 0 592127 0 0 JACK NELSON 1 0 333333 0 40000 0 186297 0 5555 0 15710 0 580895 0 0 MICHAEL PASTIER 1 0 421000 0 163379 0 36937 0 19600 0 40852 0 681768 0 0 douglas jabs mD1 0 212097 0 159135 0 510917 0 21210 0 22306 0 925665 0 0 ELANA ABRAHAM 1 0 226841 0 0 0 1599 0 19499 0 29264 0 277203 0 0 Scott pittman 1 0 550000 0 270000 0 20515 0 24500 0 24735 0 889750 0 0 frank cino ms 1 0 248333 0 93359 0 2688 0 19600 0 25617 0 389597 0 0 margaret pastuszko 1 0 391000 0 198198 0 13420 0 19600 0 27888 0 650106 0 0 jane whitney 1 0 241667 0 84554 0 6477 0 19334 0 18200 0 370232 0 0 KUMAR CHATANI 1 0 85385 0 154083 0 25060 0 0 0 2450 0 266978 0 0 Connie C Klepper 1 0 346834 0 242734 0 31684 0 19600 0 9056 0 649908 0 0 Part VII, Section A & Schedule J Compensation Footnotes Officer of the Boards of Trustees hours reflect service to either/or, or all, The Mount Sinai Hospital, Mount Sinai School of Medicine, The Mount Sinai Medical Center, Inc. and all related entities. (1) Compensation and benefits are funded from The Mount Sinai Hospital and/or Mount Sinai School of Medicine. (2) Employee has an outstanding loan reflected in Schedule L, Part II of Mount Sinai School of Medicine's Form 990. HESS CORPORATION JOHN HESS, TRUSTEE 15522255 SEE Part V false XO COMMUNICATIONS CARL ICAHN, TRUSTEE 796435 SEE Part V false OCH ZIFF CAPITAL MANAGEMENT DAVID WINDRECH, TRUSTEE 1057095 SEE Part V false DR ELISSA GRETZ FRIEDMAN Robert Friedman, trustee 71943 SEE Part V false DR IRWIN GRIBETZ Judah Gribetz, trustee 72459 SEE Part V false DR CAROLYN SICHER SUSAN CULLMAN/EDGAR, TRST 82311 SEE Part V false KIMBERLY HARRISON CLIFFORD GOLDSMITH,TRUSTE 105307 SEE Part V false US FOODSERVICE DONALD GOGEL, TRUSTEE 130435 SEE Part V false KAREN KOSTEGAN MARK KOSTEGAN, OFFICER 63300 SEE Part V false ETHYLIN WANE JABS DOUGLAS JABS, officer 212576 SEE Part V false FRANCESCO RAMIREZ MARGARET PASTUSZKO,office 254802 SEE Part V false BRIAN SCANLON DONALD SCANLON, officer 51772 SEE Part V false ASAF RABINOVITZ JOSEPH SHENKER, TRUSTEE 30804 SEE PART V false GARY B DAVIS DR. KENNETH DAVIS,OFFICER 29218 SEE PART V false SCHEDULE L, PART IV, COLUMN D BUSINESS TRANSACTIONS INVOLVING INTERESTED PARTIES NAME OF INTERESTED PERSON: US FOODSERVICE MOUNT SINAI PURCHASES A PORTION OF ITS FOOD FROM US FOODSERVICE. ALL SUCH PURCHASES ARE MADE UNDER A GROUP PURCHASING ORGANIZATION (GPO) ARRANGEMENT THAT HAS BEEN NEGOTIATED WITH US FOODSERVICE. THESE GPO PRICES ARE AVAILABLE TO MOUNT SINAI AND ALL OTHER MEMBERS OF THE LOCAL HEALTHCARE ASSOCIATION. MR. GOGEL IS THE CEO OF A FIRM THAT IS INDIRECTLY A GREATER-THAN-35% OWNER OF US FOODSERVICE. NAME OF INTERESTED PERSON: HESS CORPORATION FOLLOWING AN OBJECTIVE, COMPETITIVE MULTI-PARTY BIDDING PROCESS, THE ORGANIZATION PURCHASED NATURAL GAS AND FUEL OIL FROM HESS CORPORATION. MR. HESS IS CHAIRMAN OF THE BOARD AND CHIEF EXECUTIVE OFFICER OF, AND HAS A FINANCIAL INTEREST IN, HESS CORPORATION. NAME OF INTERESTED PERSON: XO COMMUNICATION FOLLOWING AN EXTENSIVE RFP AND A MULTI-PARTY COMPETITIVE BIDDING PROCESS, AS WELL AS A REVIEW BY A SPECIAL BOARD COMMITTEE (WHICH DID NOT INCLUDE MR. ICAHN) OF THE ENGAGEMENT PROCESS, THE ORGANIZATION PURCHASED COMMUNICATIONS SERVICES FROM XO COMMUNICATIONS. MR. ICAHN IS A GREATER-THAN-35% OWNER OF XO COMMUNICATIONS. NAME OF INTERESTED PERSON: OCH ZIFF CAPITAL MANAGEMENT MR. WINDREICH IS A DIRECTOR OF OCH ZIFF CAPITAL MANAGEMENT ("OCH ZIFF"), WHICH MANAGES INVESTMENT CAPITAL FOR THE ORGANIZATION. MR. WINDREICH HAS NO INVOLVEMENT IN THE ORGANIZATION'S INVESTMENT DECISIONS OR ITS INVOLVEMENT WITH OCH ZIFF. THE FEES CHARGED BY OCH ZIFF TO THE ORGANIZATION ARE IN LINE WITH INDUSTRY STANDARDS AND ARE THE SAME AS THE FEES CHARGED TO OTHER INVESTORS IN THE SAME FUND. NAME OF INTERESTED PERSON: DR. CAROLYN SICHER TRUSTEE SUSAN CULLMAN'S DAUGHTER (WHO IS ALSO TRUSTEE EDGAR CULLMAN, SR.'S GRANDDAUGHTER) IS EMPLOYED BY MOUNT SINAI SCHOOL OF MEDICINE. NEITHER MS. CULLMAN NOR MR. CULLMAN HAS ANY INVOLVEMENT IN DECISIONS RELATED TO HER EMPLOYMENT. NAME OF INTERESTED PERSON: DR. ELISSA GRETZ FRIEDMAN TRUSTEE ROBERT FRIEDMAN'S WIFE IS EMPLOYED BY MOUNT SINAI SCHOOL OF MEDICINE. MR. FRIEDMAN HAS NO INVOLVEMENT IN DECISIONS RELATED TO HIS WIFE'S EMPLOYMENT. NAME OF INTERESTED PERSON: KIMBERLY HARRISON TRUSTEE CLIFFORD GOLDSMITH'S GRANDDAUGHTER IS EMPLOYED BY MOUNT SINAI SCHOOL OF MEDICINE. MR. GOLDSMITH HAS NO INVOLVEMENT IN DECISIONS RELATED TO HIS GRANDDAUGHTER'S EMPLOYMENT. NAME OF INTERESTED PERSON: DR. IRWIN GRIBETZ TRUSTEE JUDAH GRIBETZ'S BROTHER IS EMPLOYED BY MOUNT SINAI SCHOOL OF MEDICINE. MR. GRIBETZ HAS NO INVOLVEMENT IN DECISIONS RELATED TO HIS BROTHER'S EMPLOYMENT. NAME OF INTERESTED PERSON: KAREN KOSTEGAN OFFICER MARK KOSTEGAN'S SPOUSE IS AN EMPLOYEE OF THE SCHOOL OF MEDICINE. MR. KOSTEGAN HAS NO INVOLVEMENT IN DECISIONS RELATED TO HIS WIFE'S EMPLOYMENT. NAME OF INTERESTED PERSON: BRIAN SCANLON OFFICER DONALD SCANLON'S SON IS AN EMPLOYEE OF THE HOSPITAL. MR. SCANLON HAS NO INVOLVEMENT IN DECISIONS RELATED TO HIS SON'S EMPLOYMENT. NAME OF INTERESTED PERSON: ETHYLIN WANE JABS OFFICER DOUGLAS JABS' SPOUSE IS AN EMPLOYEE OF THE SCHOOL OF MEDICINE. MR. JABS HAS NO INVOLVEMENT IN DECISIONS RELATED TO HIS WIFE'S EMPLOYMENT. NAME OF INTERESTED PERSON: FRANCESCO RAMIREZ OFFICER MARGARET PASTUSZKO'S SPOUSE IS AN EMPLOYEE OF THE SCHOOL OF MEDICINE. MRS. PASTUSZKO HAS NO INVOLVEMENT IN DECISIONS RELATED TO HER HUSBAND'S EMPLOYMENT. NAME OF INTERESTED PERSON: ASAF RABINOVITZ TRUSTEE JOSEPH SHENKER'S SON-IN-LAW IS EMPLOYED BY MOUNT SINAI SCHOOL OF MEDICINE. MR. SHENKER HAS NO INVOLVEMENT IN DECISIONS RELATED TO HIS SON-IN-LAW'S EMPLOYMENT. NAME OF INTERESTED PERSON: Gary B. Davis Officer Dr. Kenneth Davis's brother is an employee of the Hospital. Dr. Davis has no involvement in decisions related to his brother's employment. *ALL REPORTED AMOUNTS REFLECT AGGREGATE 2011 SPENDING FOR THE MOUNT SINAI HOSPITAL, MOUNT SINAI SCHOOL OF MEDICINE OF NEW YORK UNIVERSITY, AND ALL RELATED ENTITIES AND ORGANIZATIONS. FORM 990, PART I, LINE 5 NUMBER OF EMPLOYEES ALL EMPLOYEES OF THE HOSPITAL AND MOUNT SINAI SCHOOL OF MEDICINE, 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 21,220. THE MEDICAL CENTER DOES NOT HAVE ANY EMPLOYEES AND RECEIVES SERVICES FROM EMPLOYEES OF THE MOUNT SINAI SCHOOL AND OF MEDICINE AND THE MOUNT SINAI HOSPITAL. FORM 990, PART VI, SECTION A, LINE 2 FAMILY/BUSINESS RELATIONSHIPS TRUSTEES LEON BLACK AND JOSHUA HARRIS ARE MANAGING PARTNERS OF THE SAME FIRM. TRUSTEES JAMES CRYSTAL AND JEAN CRYSTAL ARE MARRIED TO EACH OTHER. TRUSTEES EDGAR CULLMAN, JR. AND SUSAN CULLMAN ARE SIBLINGS. TRUSTEE EDGAR CULLMAN, SR. (DECEASED) WAS THE FATHER OF TRUSTEES SUSAN CULLMAN AND EDGAR CULLMAN, JR. TRUSTEES EDGAR CULLMAN, SR. AND EDGAR CULLMAN, JR. BOTH HAD OWNERSHIP INTERESTS IN THE SAME FIRM. TRUSTEE BONNIE DAVIS, M.D. IS MARRIED TO KENNETH DAVIS, M.D., WHO IS PRESIDENT AND CHIEF EXECUTIVE OFFICER OF THE MOUNT SINAI MEDICAL CENTER. TRUSTEES SONIA GARDNER AND MARC LASRY ARE SIBLINGS AND ARE ALSO CO-OWNERS OF THE SAME FIRM. TRUSTEES MICHAEL GROSS AND VICKI GROSS ARE MARRIED TO EACH OTHER. TRUSTEE MARC LIPSCHULTZ IS A MEMBER OF A FIRM OF WHICH TRUSTEE HENRY KRAVIS IS CO-CEO. TRUSTEES JUDITH RUBIN AND HON. ROBERT RUBIN ARE MARRIED TO EACH OTHER. TRUSTEES PETER COHEN AND TOM STRAUSS ARE OFFICERS OF THE SAME FIRM. OF THE SAME FIRM. FORM 990, PART VI, SECTION B, LINE 11A FORM 990 PROVIDED TO GOVERNING BODY THE FINANCE DEPARTMENT GATHERED THE RELEVANT INFORMATION AND PREPARED THE TAX RETURNS *OUR OUTSIDE AUDITORS, ERNST & YOUNG, 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 COMPLIANCE DEPARTMENT. THESE RECOMMENDATIONS WERE REVIEWED AND APPROVED BY E&Y. THE SAME PROCESS WAS CONDUCTED BY THE FINANCE DEPARTMENT, THE GENERAL COUNSEL'S OFFICE, THE COMPLIANCE DEPARTMENT AND E&Y 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 E&Y, THE FINANCE DEPARTMENT, AND THE GENERAL COUNSEL'S OFFICE. 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, 2012, BE PROVIDED TO ALL TRUSTEES VIA THE TRUSTEES' CONFIDENTIAL WEBSITE, AND THOSE RETURNS WERE SO PROVIDED BEFORE BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C MONITORING & ENFORCING COMPLIANCE WITH THE 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, SECTION B, LINES 15A & 15 B PROCESS FOR DETERMINATION OF COMPENSATION THE COMPENSATION, EMPLOYEE BENEFITS AND EMPLOYEE RELATIONS COMMITTEE OF THE BOARDS OF TRUSTEES (THE "COMPENSATION COMMITTEE") DETERMINES THE COMPENSATION FOR THE CEO AND REVIEWS AND MODIFIES OR APPROVES THE CEO'S RECOMMENDATIONS FOR COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES, INCLUDING PHYSICIAN LEADERS, WHO ARE OR MAY BE "DISQUALIFIED PERSONS" AS THAT TERM IS DEFINED IN IRC SECTION 4958. 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 TO FOLLOW THE SPECIFIC STEPS OUTLINED IN THE IRC REGULATIONS FOR ESTABLISHING THE PRESUMPTION OF REASONABLENESS. 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 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 THE GEOGRAPHIC AREA; CURRENT COMPENSATION SURVEYS COMPILED BY INDEPENDENT FIRMS; AND ACTUAL WRITTEN OFFERS FROM SIMILAR INSTITUTIONS COMPETING FOR THE SERVICES OF THE DISQUALIFIED PERSON. THE COMPENSATION COMMITTEE REVIEWS AND EVALUATES THE COMPARABILITY DATA AND ANY ANALYSIS PROVIDED BY THE CONSULTANT AND DECIDES WHETHER TO RELY ON THE DATA PROVIDED. FOR THE CEO, THE COMMITTEE THEN DETERMINES AN APPROPRIATE LEVEL OF TOTAL COMPENSATION IN RELATION TO THE COMPARABILITY DATA. FOR THE OTHER EXECUTIVES AND KEY EMPLOYEES, THE COMMITTEE ALSO REVIEWS THE POSITION DESCRIPTION, THE CREDENTIALS OF THE INCUMBENT OR THE CANDIDATE FOR THE POSITION, AND THE CEO'S RECOMMENDATION, IN RELATION TO THE COMPARABILITY DATA, AND DECIDES WHETHER TO APPROVE THE RECOMMENDED COMPENSATION OR TO MODIFY IT. THE COMPENSATION COMMITTEE DISCUSSES AND VOTES ON THE COMPENSATION ARRANGEMENTS FOR THE EXECUTIVE STAFF IN EXECUTIVE SESSION (I.E. WITHOUT STAFF PRESENT). THE COMPENSATION COMMITTEE CONTEMPORANEOUSLY DOCUMENTS IN WRITTEN MINUTES ITS DECISIONS, THE PROCESS USED IN REACHING THE DECISIONS, THE COMPARABILITY DATA RELIED ON IN MAKING THE DECISIONS, AND THE COMPENSATION COMMITTEE'S RATIONALE FOR THE DECISIONS (WHEN ONE IS CALLED FOR). FORM 990, 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. FORM 990, PART VII, SECTION A AVERAGE HOURS DEVOTED TO RELATED ORGANIZATIONS *BURTON P. DRAYER, M.D. - 5 HOURS WITH MSH AND 55 HOURS WITH MSSM *DENNIS S. CHARNEY, M.D. - 55 HOURS WITH MSSM and 1 hour with mitral foundation. *DOUGLAS JABS, M.D. - 55 HOURS WITH MSSM *DONALD T. SCANLON - 27.5 HOURS WITH MSH, 27.5 HOURS WITH MSSM, 1 HOUR WITH MSMC REALTY, AND 1 HOUR WITH MSMC RESIDENTIAL REALTY *ELANA ABRAHAM - 41 HOURS WITH MSH AND 14 HOURS WITH MSSM *FRANK CINO - 20.9 HOURS WITH MSSM AND 34.1 HOURS WITH MSH *IRA NASH, M.D. - 55 HOURS WITH MSH *JACK NELSON - 47.8 HOURS WITH MSH AND 7.2 HOURS WITH MSSM *JANE MAKSOUD - 25.9 HOURS WITH MSH AND 29.1 HOURS WITH MSSM *JANE WHITNEY - 26.4 HOURS WITH MSSM AND 28.6 HOURS WITH MSH *JEFF SILBERSTEIN, MBA - 27.5 HOURS WITH MSH AND 27.5 HOURS WITH MSSM *KENNETH L. DAVIS, M.D. - 27.5 HOURS WITH MSH, 27.5 HOURS WITH MSSM, AND 1 HOUR WITH MSMC REALTY *MARGARET PASTUSZKO - 27.5 HOURS WITH MSSM AND 27.5 HOURS WITH MSH *MARK KOSTEGAN, FAHP - 16.5 HOURS WITH MSH, 38.5 HOURS WITH MSSM and 1 hour with mitral foundation. *MICHAEL MACDONALD - 27.5 HOURS WITH MSH AND 27.5 HOURS WITH MSSM *MICHAEL PASTIER - 55 HOURS WITH MSH, 5 HOURS WITH MSDTC, AND 1 HOUR WITH MSMC RESIDENTIAL REALTY *STEPHEN HARVEY - 55 HOURS WITH MSSM, 1 HOUR WITH MSMC REALTY, 1 HOUR WITH RESIDENTIAL REALTY and 1 hour with mitral foundation. *WAYNE KEATHLEY - 55 HOURS WITH MSH AND 1 HOUR WITH MITRAL FOUNDATION *SCOTT PITTMAN - 55 HOURS WITH MSSM *Connie C. Klepper - 27.5 HOURS WITH MSH, 27.5 HOURS WITH MSSM *Kumar Chatani - 47.8 HOURS WITH MSH AND 7.2 HOURS WITH MSSM MOUNT SINAI SCHOOL OF MEDICINE ONE GUSTAVE L LEVY PLACE NEW YORK NY 10029 136171197 SCHOOL NY 501(C)(3) 2 NA false THE MOUNT SINAI HOSPITAL ONE GUSTAVE L LEVY PLACE NEW YORK NY 10029 131624096 HOSPITAL NY 501(C)(3) 3 NA false Mitral Foundation 1190 fifth avenue new york NY 10029 800468600 research NY 501(C)(3) 11 type I MSSM true the children's center foundation one gustave l levy place new york NY 10029 223059294 support NY 501(C)(3) 11 type I MSSM true msmc realty corp 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 mT sinai diagnostic & treatment centeR one gustave l levy place new york NY 10029 450537391 diag clinic NY 501(C)(3) 3 MSH true msmc residential realty mgmt 1425 madison avenue new york NY 10029 201289396 management NY 501(C)(3) 11 type I see part vii true false false false false false false false false false false false false false false false false false false Part ii, line 5, column f direct controlling entity the mount sinai school of medicine, the mount sinai hospital, and the mount sinai medical center are all members of this entity. Part ii, line 6, column f direct controlling entity the mount sinai school of medicine, the mount sinai hospital, the msmc realty corp, and the msmc residential realty manager llc are all members of this entity. Part ii, line 8, column f direct controlling entity the mount sinai school of medicine, the mount sinai hospital, and the msmc realty corp are all members of this entity.