2011-11-12T10:03:38-06:00 2010-12-31 ERNST & YOUNG US LLP 111 MONUMENT CIRCLE SUITE 2600 INDIANAPOLIS IN 46204 990 2010-01-01 136271888 The Mount Sinai Medical Center MOUN 2127313413 One Gustave L Levy Place New York NY 10029 STEPHEN HARVEY 2011-11-11 3176817000 2010 2016-03-07 17:11:31Z 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. 40 34 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 19914615 17098264 4951410 2135059 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 supervises and coordinates policies and fund-raising activities for The Mount Sinai Hospital and Mount Sinai School of Medicine. 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 true 0 false true CJ BF false false false false false false false false X 40 34 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 ONE GUSTAVE L LEVY PLACE new york NY 100296574 X PETER W MAY 10.0 X X 0 0 0 FREDERICK A KLINGENSTEIN 10.0 X X 0 0 0 DONALD J GOGEL 10.0 X X 0 0 0 MICHAEL MINIKES 10.0 X X 0 0 0 ROBERT E RUBIN 10.0 X X 0 0 0 JAMES W CRYSTAL 10.0 X X 0 0 0 GLENN DUBIN 10.0 X X 0 0 0 JOEL S EHRENKRANZ 10.0 X X 0 0 0 ELLEN KATZ 10.0 X X 0 0 0 HENRY R KRAVIS 10.0 X X 0 0 0 JOHN A LEVIN 10.0 X X 0 0 0 ANDREW M SAUL 10.0 X X 0 0 0 THOMAS W STRAUSS 10.0 X X 0 0 0 EDGAR M CULLMAN 10.0 X X 0 0 0 Thomas r block 10.0 X X 0 0 0 MR ANDREW M ALPER 5.0 X 0 0 0 MR CHRISTOPHER W BRODY 5.0 X 0 0 0 DR BONNIE M DAVIS 5.0 X 0 0 0 MR BLAINE V FOGG 5.0 X 0 0 0 MR CLIFFORD H GOLDSMITH 5.0 X 0 0 0 MR JUDAH GRIBETZ 5.0 X 0 0 0 MR GEORGE J GRUMBACH jr 5.0 X 0 0 0 MS CARLA HARRIS 5.0 X 0 0 0 MR JOSHUA J HARRIS 5.0 X 0 0 0 MR ANDREW D HEINEMAN 5.0 X 0 0 0 MR JOHN D HOWARD 5.0 X 0 0 0 MR MICHAEL KLEIN 5.0 X 0 0 0 MR JOSHUA NASH 5.0 X 0 0 0 MR BERNARD W NUSSBAUM 5.0 X 0 0 0 MRS JUDITH O RUBIN 5.0 X 0 0 0 MR ERIC M RUTTENBERG 5.0 X 0 0 0 mr joseph j plumeri 5.0 X 0 0 0 MR DAVID WINDREICH 5.0 X 0 0 0 mr eric waldman 5.0 X 0 0 0 mr christopher j williams 5.0 X 0 0 0 mr jeff t blau 5.0 X 0 0 0 ms sonia e gardner 5.0 X 0 0 0 mr eric s lane 5.0 X 0 0 0 mr marc s lipschultz 5.0 X 0 0 0 mr joseph c shenker 5.0 X 0 0 0 mr david m zaslav 5.0 X 0 0 0 KENNETH L DAVIS MD 1 1.0 X 0 2551428 52352 DENNIS CHARNEY MD12 1.0 X 0 1196729 38755 BURTON DRAYER MD12 1.0 X 0 1002626 35546 WAYNE KEATHLEY 1 1.0 X 0 1198864 47510 MICHAEL MACDONALD 1 1.0 X 0 915176 50855 DONALD T SCANLON 1 1.0 X 0 1288454 48018 JEFFREY SILBERSTEIN 1 1.0 X 0 966992 40684 STEPHEN HARVEY 1 1.0 X 0 670062 67326 MARK KOSTEGAN FAHP 1 1.0 X 0 793180 40572 JANE MAKSOUD 1 1.0 X 0 681449 52758 IRA S NASH MD 1 1.0 X 0 563896 44492 JACK NELSON 1 1.0 X 0 645851 44884 MICHAEL PASTIER 1 1.0 X 0 621055 58835 douglas jabs mD12 1.0 X 0 797055 41900 ELANA ABRAHAM 1 1.0 X 0 246907 42052 ALFRED R STERN 10.0 X 0 0 0 JAMES S TISCH 10.0 X 0 0 0 ERIC MINDICH 10.0 X 0 0 0 Scott pittman 1 1.0 X 0 816127 47654 frank cino ms 1 1.0 X 0 364388 43600 margaret pastuszko 1 1.0 X 0 563952 46166 jane whitney 1 1.0 X 0 338572 37474 0 16222763 881433 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 18150534 15049805 1764081 2048459 19914615 17098264 4951410 2135059 4951410 2135059 X 14963205 14963205 14963205 14963205 19914615 17098264 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 14693205 14693205 0.00000 1.00000 0.00000 false false HEDGE FUNDS/PRI EQUITY INVEST 2048459 F 2048459 0 DUE TO MOUNT SINAI SCHOOL MED 2135059 2135059 0 0 0 0 Central America and the Caribbean Investments 6629095 6629095 6629095 false false false true true false X true false X X X X false false false false false false false false false KENNETH L DAVIS MD 1 0 1045000 0 1255500 0 250928 0 24500 0 27852 0 2603780 0 0 DENNIS CHARNEY MD12 0 600000 0 279000 0 317729 0 24500 0 14255 0 1235484 0 0 BURTON DRAYER MD12 212097 0 0 0 790529 0 21210 0 14336 0 1038172 0 0 WAYNE KEATHLEY 1 0 694000 0 400000 0 104864 0 24500 0 23010 0 1246374 0 0 MICHAEL MACDONALD 1 0 581000 0 90000 0 244176 0 19600 0 31255 0 966031 0 0 DONALD T SCANLON 1 0 612000 0 604500 0 71954 0 24500 0 23518 0 1336472 0 0 JEFFREY SILBERSTEIN 1 0 624000 0 265750 0 77242 0 24500 0 16184 0 1007676 0 0 STEPHEN HARVEY 1 0 456000 0 162750 0 51312 0 24500 0 42826 0 737388 0 0 MARK KOSTEGAN FAHP 1 0 500000 0 175000 0 118180 0 24500 0 16072 0 833752 0 0 JANE MAKSOUD 1 0 461000 0 162751 0 57698 0 24500 0 28258 0 734207 0 0 IRA S NASH MD 1 0 400000 0 51000 0 112896 0 24500 0 19992 0 608388 0 0 JACK NELSON 1 0 333333 0 115000 0 197518 0 24500 0 20384 0 690735 0 0 MICHAEL PASTIER 1 0 421000 0 162750 0 37305 0 19600 0 39235 0 679890 0 0 douglas jabs mD12 0 212097 0 75000 0 509958 0 21210 0 20690 0 838955 0 0 ELANA ABRAHAM 1 0 241921 0 3435 0 1551 0 19354 0 22698 0 288959 0 0 Scott pittman 1 0 550000 0 250000 0 16127 0 24500 0 23154 0 863781 0 0 frank cino ms 1 0 248333 0 113000 0 3055 0 19600 0 24000 0 407988 0 0 margaret pastuszko 1 0 391000 0 159713 0 13239 0 19600 0 26566 0 610118 0 0 jane whitney 1 0 241667 0 90456 0 6449 0 19334 0 18140 0 376046 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. SCHEDULE J, PART I, LINE 1A HOUSING ALLOWANCE DR. KENNETH DAVIS RECEIVES A TAXABLE HOUSING ALLOWANCE FROM THE MOUNT SINAI HOSPITAL AND MOUNT SINAI SCHOOL OF MEDICINE AS IT IS EXPECTED THAT HE LIVE IN CLOSE PROXIMITY TO THE INSTITUTION GIVEN HIS ROLE AS THE CHIEF EXECUTIVE. HESS CORPORATION JOHN HESS, TRUSTEE 22692660 SEE Part V false XO COMMUNICATIONS CARL ICAHN, TRUSTEE 862430 SEE Part V false OCH ZIFF CAPITAL MANAGEMENT DAVID WINDRECH, TRUSTEE 1851055 SEE Part V false DR ELISSA GRETZ FRIEDMAN Robert Friedman, trustee 118017 SEE Part V false DR IRWIN GRIBETZ Judah Gribetz, trustee 72438 SEE Part V false Universal Hospital Service Inc Mr. John Howard, trustee 127742 SEE Part V false DR CAROLYN SICHER SUSAN & EDGAR CULLMAN 88408 SEE Part V false KIMBERLY HARRISON CLIFFORD GOLDSMITH,TRUSTE 86177 SEE Part V false US FOODSERVICE DONALD GOGEL, TRUSTEE 286351 SEE Part V false KAREN KOSTEGAN MARK KOSTEGAN, OFFICER 63940 SEE Part V false ETHYLIN WANE JABS DOUGLAS JABS, KEY EMPLOY 212576 SEE Part V false FRANCESCO RAMIREZ MARGARET PASTUSZKO, KE 255001 SEE Part V false BRIAN SCANLON DONALD SCANLON, KE 51518 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, electricity 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 the chairman 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: UNIVERSAL HOSPITAL SERVICE, INC. TRUSTEE JOHN HOWARD IS A DIRECTOR OF UNIVERSAL HOSPITAL SERVICE, INC. WHICH DOES BUSINESS WITH THE MOUNT SINAI HOSPITAL FOLLOWING AN OBJECTIVE, COMPETITIVE MULTI-PARTY BIDDING PROCESS. NAME OF INTERESTED PERSON: 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: 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: 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: ETHYLIN WANE JABS KEY EMPLOYEE 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 KEY EMPLOYEE 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: Brian Scanlon Key Employee Donald Scanlons son is an employee of the Hospital. Mr. Scanlon has no involvement in the decisions related to his sons employment. *ALL REPORTED AMOUNTS REFLECT AGGREGATE 2010 SPENDING FOR THE MOUNT SINAI HOSPITAL, MOUNT SINAI SCHOOL OF MEDICINE, AND ALL RELATED ENTITIES AND ORGANIZATIONS. Supplemental Information PART I, LINE 5 NUMBER OF EMPLOYEES MOUNT SINAI HOSPITAL OPERATES ALL PAYROLLS FOR RELATED ENTITIES AND ALL SALARIES ARE ALLOCATED BACK TO THE SEPARATE ENTITIES AND REPORTED AS IF PAID DIRECTLY BY THEM. THE HOSPITAL, MOUNT SINAI SCHOOL OF MEDICINE, ELMHURST HOSPITAL CENTER AND QUEENS HOSPITAL CENTER UTILIZE A COMMON PAYMASTER UNDER THE HOSPITAL'S TAX IDENTIFICATION NUMBER, WHICH ON A COMBINED BASIS COVERS 20,541 INDIVIDUALS. MEDICAL CENTER DOES NOT HAVE ANY EMPLOYEES AND RECEIVES SERVICES FROM EMPLOYEES OF MOUNT SINAI SCHOOL of MEDICINE AND the MOUNT SINAI HOSPITAL. 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. WAS THE FATHER OF TRUSTEES SUSAN CULLMAN AND EDGAR CULLMAN, JR. *TRUSTEES EDGAR CULLMAN, SR. AND EDGAR CULLMAN, JR. WERE MANAGING MEMBERS OF 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. *TRUSTEE BLAINE FOGG IS A MEMBER OF THE BOARD OF DIRECTORS OF A CORPORATION OF WHICH TRUSTEE HARVEY BLAU IS CHAIRMAN OF THE BOARD. *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. PART VI, SECTION B, LINE 11b 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 Counsels 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 Counsels office, the Compliance Department and E&Y with respect to the questionnaires submitted by 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, THE GENERAL COUNSEL'S OFFICE, AND THE AUDIT AND COMPLIANCE COMMITTEE APPROVED THE TAX RETURNS AS PRESENTED. *THE AUDIT AND COMPLIANCE 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, 2011, 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 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. PART VI, SECTION B, LINE 15A & 15B 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). 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, 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 *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 Resi 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 *Jeffrey 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 - 38.5 hours with MSSM and 27.5 hours with MSH *Mark Kostegan, FAHP - 16.5 hours with MSH and 38.5 hours with MSSM *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 Resi Realty *Stephen Harvey - 55 hours with MSSM, 1 hour with MSMC Realty, and 1 hour with MSMC Resi Realty *Wayne Keathley - 55 hours with MSH and 1 hour with Mitral Foundation *Scott Pittman - 55 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 THE MOUNT SINAI HOSPITAL ONE GUSTAVE L LEVY PLACE NEW YORK NY 10029 131624096 HOSPITAL NY 501(c)(3) 3 NA Mitral Foundation 1190 fifth avenue new york NY 10029 800468600 research NY 501(C)(3) 11 type 1 MSSM the children's center foundation one gustave l levy place new york NY 10029 223059294 support NY 501(C)(3) 11 type 1 MSSM msmc realty corp one gustave l levy place new york NY 10029 133852596 real estate NY 501(c)(3) 11 type 1 see part vii msmc residential realty llc 1425 madison avenue new york NY 10029 200244426 real estate NY 501(C)(3) 11 type 1 see part vii mount sinai diagnostic & treatment cente one gustave l levy place new york NY 10029 450537391 diag clinic NY 501(C)(3) 3 MSH msmc residential realty mgmt 1425 madison avenue new york NY 10029 201289396 management NY 501(C)(3) 11 type 1 see part vii 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.