EIN 13-1624096

Mount Sinai Hospital

IRS 501(c) type
501(c)(3)
Num. employees
20,273
Year formed
1852
Most recent tax filings
2022-12-01
NTEE code, primary
Description
To provide excellent patient care, educate physicians and scientists, support innovative research, disseminate knowledge and promote the good health of the community.
Total revenues
$3,709,594,465
2022
Total expenses
$3,605,031,101
2022
Total assets
$6,009,433,106
2022
Num. employees
20,273
2022

Program areas at Mount Sinai Hospital

The Mount Sinai Hospital provides quality medical healthcare regardless of race, creed, sex, national origin, handicap, age, or ability to pay. Although reimbursement for services rendered is critical to the operation and stability of the Mount Sinai Hospital, it is recognized that not all individuals possess the ability to purchase essential medical services and healthcare education. As a matter of policy, the Hospital provides significant amounts of partially or totally uncompensated patient care. For accounting purposes, such uncompensated care is treated either as charity care or bad debt expense. The Hospital's charity care policy ensures the provision of quality health care to the community served while carefully considering the ability of the patient to pay. The policy has sliding fee schedules for inpatient, ambulatory and emergency services provided to the uninsured and under-insured patients who qualify. Patients are eligible for the charity care fee schedule if they meet certain income tests. Furthermore, as part of its charity care and financial aid policy, the Hospital obtains and uses additional financial information for uninsured or under-insured patients who have not supplied the requisite information to qualify for charity care. The additional information obtained is used by the Hospital to determine whether to qualify patients for charity care and/or financial aid in accordance with the Hospital's policies. For accounting and disclosure purposes, charity care is considered to be the difference between the Hospital's customary charges and the sliding charity care fee schedule rates. Since payment of this difference is not sought, charity care allowances are not reported as revenue. The Hospital's estimated costs for charity care were $42.2 million and $45.5 million for 2022 and 2021, respectively. The cost of charity includes the direct and indirect cost of providing charity care services. The cost is estimated by utilizing a ratio of cost to gross charges applied to the gross uncompensated charges associated with providing charity care. Funds received from the New York State Indigent Care Pool to offset charity services provided totaled approximately $26.4 million and $13.3 million for the years ended December 31, 2022 and 2021, respectively. The charity care component of the indigent care pool payments is estimated utilizing a ratio of charity care charges to total charity care and bad debt charges applied to the indigent care pool reimbursement and excludes amounts designated for teaching programs. Additionally, patients who do not qualify for sliding scale fees and all uninsured inpatients who do not qualify for Medicaid assistance are billed at the Hospital's rates. Uncollected balances for these patients are categorized as bad debts. Total uncompensated care as a result of bad debts for all patient services approximated $111.7 million in 2022 and $83.6 million in 2021. The Mount Sinai Hospital is the primary health care provider for the East Harlem Area of New York City. East Harlem is one of the poorest communities in the New York City region, and has been designated as a medically underserved area. A wide variety of programs and services are currently provided for the community which include: -Primary care -AIDS -Cardiovascular health -Cancer treatment -Maternal and infant health -Geriatrics -Ambulatory sensitive conditions (Asthma and Diabetes) -Adolescent health -Youth education -Volunteer services

Grants made by Mount Sinai Hospital

GranteeGrant descriptionAmount
Icahn School of Medicine at Mount SinaiFund Physician Practice Project$79,923,334
Icahn School of Medicine at Mount SinaiFund Strategic Projects$35,002,000
Mount SinaiFund Operating Loss$27,384,383
...and 3 more grants made

Who funds Mount Sinai Hospital

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Jewish Communal FundIn Furtherance of Grantee's Tax-Exempt Purpose$7,352,495
Thomas L. Kempner Jr FoundationTo Be Used Solely To Support the Pediatric Cardiac Intensive Care Unit, A Priority Program Under the President's Strategic Initiative Fund, As Recommended By Kenneth L. Davis, MD, President and Chief Executive Officer of the Mount Sinai Health System.$2,000,000
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$1,464,407
...and 70 more grants received totalling $15,550,005

Personnel at Mount Sinai Hospital

NameTitleCompensation
Brendan CarrChief Executive Officer
Cameron HernandezExecutive Director and Chief Operating Officer MSHQ$832,331
Margaret PastuszkoPresident and Chief Operating Officer$960,458
Michael PastierSenior Vice President , Chief Financial Officer$803,816
David A. FeinbergSenior Vice President , Chief Marketing and Communications Officer
...and 44 more key personnel

Financials for Mount Sinai Hospital

RevenuesFYE 12/2022
Total grants, contributions, etc.$94,101,513
Program services$3,244,127,592
Investment income and dividends$8,774,260
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$15,822,000
Net income from fundraising events$-45,172
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$346,814,272
Total revenues$3,709,594,465

Form 990s for Mount Sinai Hospital

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-09990View PDF
2021-122022-11-07990View PDF
2020-122021-11-14990View PDF
2019-122021-03-02990View PDF
2018-122020-01-03990View PDF
...and 11 more Form 990s

Organizations like Mount Sinai Hospital

OrganizationLocationRevenue
MaineHealth (MMC)Portland, ME$3,690,471,384
Hartford HospitalHartford, CT$2,582,241,968
Ochsner Medical CenterNew Orleans, LA$5,075,999,430
Boston Medical Center Corporation (BMC)Boston, MA$2,380,282,356
Maimonides Medical CenterBrooklyn, NY$1,451,215,166
Beth Israel Deaconess Medical Center (BIDMC)Boston, MA$2,688,941,672
Atrium Health Wake Forest Baptist MeWinstonsalem, NC$2,499,734,301
Sharp Memorial HospitalSan Diego, CA$1,539,570,652
St. Lukes Hospital of Kansas CityKansas City, MO$1,021,262,170
Tampa General Hospital (TGH)Tampa, FL$2,356,345,813
Data update history
May 18, 2024
Received grants
Identified 26 new grant, including a grant for $7,352,495 from Jewish Communal Fund
January 22, 2024
Updated personnel
Identified 4 new personnel
January 20, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 20, 2024
Updated personnel
Identified 1 new personnel
November 27, 2023
Received grants
Identified 10 new grant, including a grant for $360,000 from Rockefeller Philanthropy Advisors (RPA)
Nonprofit Types
Grantmaking organizationsHospitalsHealth organizationsHeadquarter / parent organizations
Issues
Health
Characteristics
LobbyingFundraising eventsOperates internationallyState / local levelReceives government fundingEndowed supportCommunity engagement / volunteeringTax deductible donationsAccepts online donations
General information
Address
1 Gustave L Levy Pl
New York, NY 10029
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
New York County, NY
Website URL
mountsinai.org/locations/mount-sinai?utm_source=yext&utm_medium=local_listing&utm_campaign=mountsinai 
Phone
(212) 241-6500
Facebook page
mountsinainyc 
Twitter profile
@mountsinainyc 
IRS details
EIN
13-1624096
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1852
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
E22: Hospital, General
NAICS code, primary
622: Hospitals
Parent/child status
Central organization
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Exempt
FTB status revoked
Not revoked
AG Registration Number
CT0209242
FTB Entity ID
None yet
AB 488 data last updated ("as-of") date
2024-10-16
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