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
Personnel at The Mount Sinai Medical Center
Name | Title | Compensation | Date of data |
---|
Brendan Carr, MD, MA, MS | Chief Executive Officer of the Mount Sinai Health System | | 2024-09-21 |
Burton P. Drayer, MD, FACR, FANN | Chief Executive Officer of the Mount Sinai Doctors Faculty Practice , Dean for Clinical Affairs at the Icahn School of Medicine A | $0 | 2024-09-21 |
David Reich, MD | President and Chief Operating Officer of the Mount Sinai Hospital , President of Mount Sinai Queens , and Horace W Goldsmith Profe | | 2024-09-21 |
Michael Pastier | Senior Vice President , Finance / Senior Vice President , Chief Financial Officer | $0 | 2022-12-31 |
Frank Cino | Senior Vice President , System Chief Risk Officer / Senior Vice President - Systems Chief Risk Officer | $0 | 2022-12-31 |
...and 33 more key personnel |
Financials for The Mount Sinai Medical Center
Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
---|
Total grants, contributions, etc. | $761,190 | $91,757 | 729.6% |
Program services | $0 | $0 | - |
Investment income and dividends | $73,000 | $0 | 999% |
Tax-exempt bond proceeds | $0 | $0 | - |
Royalty revenue | $0 | $0 | - |
Net rental income | $0 | $0 | - |
Net gain from sale of non-inventory assets | $928,000 | $0 | 999% |
Net income from fundraising events | $0 | $0 | - |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $-761,190 | $5,749,237 | -113.2% |
Total revenues | $1,001,000 | $5,840,994 | -82.9% |
Organizations like The Mount Sinai Medical Center
Organization | Type | Location | Revenue |
---|
Masonic Family Health Foundation (MFHF) | 501(c)(3) | Oak Brook, IL | $1,601,516 |
Sheppard and Enoch Pratt Foundation | 501(c)(3) | Baltimore, MD | $1,480,070 |
The Mclaren Foundation | 501(c)(3) | Flint, MI | $3,162,880 |
Friends of Santa Rosa Foundation | 501(c)(3) | San Antonio, TX | $2,469,394 |
Carle Community Health Corporation | 501(c)(3) | Urbana, IL | $2,172,189 |
Cullen Trust For Health Care | 501(c)(3) | Houston, TX | $3,219,947 |
Blue Cross and Blue Shield of Michigan Foundation | 501(c)(3) | Detroit, MI | $1,121,426 |
Annabella R Jenkins Foundation | 501(c)(3) | Richmond, VA | $4,037,901 |
CHI St Alexius Health Dickinson Foundation | 501(c)(3) | Dickinson, ND | $559,398 |
Health World | 501(c)(3) | Saint Charles, IL | $659,955 |
Data update history
January 4, 2025
Posted financials
Added Form 990 for fiscal year 2023
September 21, 2024
Updated personnel
Identified 1 new personnel
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/Â
- 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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