EIN 13-6271888

The Mount Sinai Medical Center

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
1967
Most recent tax filings
2023-12-01
Description
The Mount Sinai Medical Center supervises and coordinates policies, fundraises, and manages investments for entities in the Mount Sinai Health System.
Total revenues
$1,001,000
2023
Total expenses
$462,722
2023
Total assets
$2,528,989,179
2023
Num. employees
0
2023

Program areas at The Mount Sinai Medical Center

The Medical Center is a common member of an investment in 8 east 102nd street manager llc. All earnings related to this investment are distributed to icahn school of medicine at Mount Sinai to provide strategic support.
The Medical Center maintains investments in a pooled investment portfolio for The benefit of icahn school of medicine at Mount Sinai, The Mount Sinai hospital, Mount Sinai auxiliary board, st luke's-roosevelt hospital Center, beth israel Medical Center, new york eye and ear infirmary, as well as The Medical Center; collectively, The Mount Sinai health system. The Mount Sinai health system's 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 or unspecified purposes of The respective entity, in accordance with Mount Sinai's policies and procedures governing The management of institutional funds. In accordance with The Mount Sinai health system's investment pool agreement, The book income earned from pooled investments is consolidated in The supported entities' respective statements of activities. The Medical Center's book income derived from it's permanently restricted assets is used to support either specified (generally, The school) or unspecified purposes. The investments maintained by The Medical Center in The pooled investment portfolio may generate unrelated business taxable income ("ubit"); in The event ubti is assessed to The Medical Center, as The legally named entity on The investment (typically a k-1 statement), The Medical Center reports all of The ubit on its 990t and remits The appropriate tax liability estimates to The irs and settles any income tax expense with The irs when The Medical Center's 990t is filed for The corresponding tax year. The Medical Center allocates The income tax expense to The entities of The health system based on The earnings derived on their prorata share of The investment pool in accordance with The Mount Sinai health system's investment pool agreement; none of The other entities are required to report any ubit from The pooled investments maintained by The Medical Center under The Mount Sinai health system investment pool agreement.

Who funds The Mount Sinai Medical Center

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Icahn School of Medicine at Mount SinaiFunding Equity Loss$761,190
Blavatnik Family FoundationSupport for Medical Research$500,000
Passfield Hall FoundationUnrestricted$264,990
...and 30 more grants received totalling $3,106,577

Personnel at The Mount Sinai Medical Center

NameTitleCompensation
Brendan Carr, MD, MA, MSChief Executive Officer of the Mount Sinai Health System
Burton P. Drayer, MD, FACR, FANNChief Executive Officer of the Mount Sinai Doctors Faculty Practice , Dean for Clinical Affairs at the Icahn School of Medicine A$0
David Reich, MDPresident and Chief Operating Officer of the Mount Sinai Hospital , President of Mount Sinai Queens , and Horace W Goldsmith Profe
Michael PastierSenior Vice President , Finance / Senior Vice President , Chief Financial Officer$0
Frank CinoSenior Vice President , System Chief Risk Officer / Senior Vice President - Systems Chief Risk Officer$0
...and 33 more key personnel

Financials for The Mount Sinai Medical Center

RevenuesFYE 12/2023
Total grants, contributions, etc.$761,190
Program services$0
Investment income and dividends$73,000
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$928,000
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$-761,190
Total revenues$1,001,000

Form 990s for The Mount Sinai Medical Center

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-14990View PDF
2022-122023-11-13990View PDF
2021-122022-11-10990View PDF
2020-122021-12-21990View PDF
2019-122021-02-26990View PDF
...and 12 more Form 990s
Data update history
January 4, 2025
Posted financials
Added Form 990 for fiscal year 2023
October 20, 2024
Received grants
Identified 5 new grant, including a grant for $264,990 from Passfield Hall Foundation
September 21, 2024
Updated personnel
Identified 1 new personnel
July 15, 2024
Received grants
Identified 5 new grant, including a grant for $257,000 from Uja-Federation of New York
May 18, 2024
Received grants
Identified 5 new grant, including a grant for $120,048 from Pediatric Cancer Foundation
Nonprofit Types
Grantmaking organizationsHealth organizationsHeadquarter / parent organizationsCharities
Issues
Health
Characteristics
LobbyingOperates internationallyState / local levelEndowed supportTax deductible donationsNo full-time employeesAccepts 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/ 
Phone
(646) 605-4095
IRS details
EIN
13-6271888
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1967
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
E12: Health Care Fund Raising and Fund Distribution
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Central organization
California AB-488 details
AB 488 status
May Not Operate or Solicit for Charitable Purposes
Charity Registration status
Delinquent
FTB status revoked
Not revoked
AG Registration Number
CT0266359
FTB Entity ID
8201677
AB 488 data last updated ("as-of") date
2024-12-31
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