EIN 59-0624424

Mount Sinai Medical Center (MSMC)

IRS 501(c) type
501(c)(3)
Num. employees
5,469
State
Year formed
1946
Most recent tax filings
2022-12-01
NTEE code, primary
Description
Mount Sinai Medical Center is the largest private independent not-for-profit teaching hospital in South Florida. Mount Sinai is the hospital of choice for those who seek the level of expertise and care that only a teaching hospital can offer.
Also known as...
Mount Sinai Medical Center of Florida
Total revenues
$968,566,028
2022
Total expenses
$932,653,422
2022
Total assets
$944,774,202
2022
Num. employees
5,469
2022

Program areas at MSMC

Safety net hospital operationsin 2022, Mount Sinai served 25,134 inpatient admissions, 260,158 outpatient admissions, 54,398 emergency care visits in its primary service area, 18,955 in its senior health target area of aventura and 36,572 in its hialeah free standing emergency department. Mount Sinai performed 13,848 surgeries meeting surgical care standards and welcomed 2,278 infants with healthy birth weights.
Physician network and access to careaccording to the 2017 update to the aamc-commissioned study of physician supply and demand, physician demand is projected to continue growing faster than the supply. (the complexities of physician supply and demand: projections from 2015 to 2030, ihs market, february 17, 2017) the state of Florida agency for healthcare, and the statewide medicaid residency program supported the teaching of specialty clinical providers. Mount Sinai provided both access to care and support for the teaching of 390 Medical students and 210 residents and fellows. Mount Sinai services 13 locations in two counties by providing 277,230 primary or specialty care visits. Mount Sinai has widened access to specialty care in Florida and the state medicaid program.
Teaching & researchin 2022, Mount Sinai retained its own teaching faculty and 13 accredited graduate Medical education programs, teaching 210 residents and fellows. Mount Sinai provided a teaching clinical environment for physicians to become board certified. Additionally, to meet the demands of the workforce, Mount Sinai taught 209 nursing students, 390 Medical students and 117 allied health students for health care careers. To supplement the academic environment in 2022, Mount Sinai had 157 research studies approved by a national review board or by a Mount Sinai institution peer review board. Mount Sinai had 110 cancer studies, 15 memory disorder, 12 cardiac, and 20 other studies.

Grants made by MSMC

GranteeGrant descriptionAmount
Miami Beach Community Health Center (MBCHC)Assist the City With Providing Primary Care$150,000

Who funds Mount Sinai Medical Center (MSMC)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Mount Sinai Medical Center FoundationGeneral Support$9,839,390
Florida Essential Healthcare Partnerships Foundation$6,726,082
The Gerald and Daphna Cramer FoundationCharitable$500,000
...and 20 more grants received totalling $18,132,315

Personnel at MSMC

NameTitleCompensation
Gino SantorioPresident and Chief Executive Officer$1,697,116
Angel PallinExecutive Vice President and Chief Operating Officer / Senior Vice President and Chief Operating Officer / Senior Vice President of Operations$614,195
Alexander MendezExecutive Vice President and Chief Financial Officer$1,344,342
Robert GoldszerSenior Vice President and Chief Marketing Officer$748,457
Thomas GilletteSenior Vice President and Chief Information Officer$597,034
...and 19 more key personnel

Financials for MSMC

RevenuesFYE 12/2022
Total grants, contributions, etc.$10,031,860
Program services$933,864,156
Investment income and dividends$3,602,855
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$-1,216,907
Net gain from sale of non-inventory assets$-531,610
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$22,815,674
Total revenues$968,566,028

Form 990s for MSMC

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-14990View PDF
2021-122022-11-14990View PDF
2020-122021-11-15990View PDF
2019-122021-03-31990View PDF
2018-122021-04-05990View PDF
...and 10 more Form 990s

Organizations like MSMC

OrganizationLocationRevenue
Meritus Medical CenterHagerstown, MD$563,370,299
Usc Arcadia HospitalArcadia, CA$305,970,356
Thomas Jefferson University HospitalPhiladelphia, PA$2,553,262,379
Hoag Memorial Hospital PresbyterianNewport Beach, CA$1,646,507,596
Sarah Bush Lincoln Health Center (SBLHC)Mattoon, IL$568,162,654
Sharp Memorial HospitalSan Diego, CA$1,539,570,652
Beth Israel Deaconess Medical Center (BIDMC)Boston, MA$2,688,941,672
Geisinger Community Medical CenterDanville, PA$473,462,016
St. Lukes Hospital of Kansas CityKansas City, MO$1,021,262,170
Essentia Health DuluthDuluth, MN$701,753,513
Data update history
May 19, 2024
Received grants
Identified 3 new grant, including a grant for $283,281 from Mitchell Wolfson SR Foundation
January 17, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 17, 2024
Updated personnel
Identified 8 new personnel
January 3, 2024
Used new vendors
Identified 3 new vendors, including , , and
December 31, 2023
Received grants
Identified 5 new grant, including a grant for $25,000 from Huffington Family Foundation
Nonprofit Types
HospitalsHealth organizationsHeadquarter / parent organizations
Issues
HealthDiseases and disorders
Characteristics
LobbyingOperates internationallyState / local levelReceives government fundingEndowed supportTax deductible donationsAccepts online donations
General information
Address
4300 Alton Rd
Miami Beach, FL 33140
Metro area
Miami-Fort Lauderdale-Pompano Beach, FL
County
Miami-Dade County, FL
Website URL
msmc.com/ 
Phone
(305) 676-6407
Facebook page
mountsinaimedicalcenter 
Twitter profile
@mountsinaimiami 
IRS details
EIN
59-0624424
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1946
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
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