Icahn School of Medicine at Mount Sinai is a professional school based in New York, NY that was founded in 1964. As of 2019 they had $2.9 billion in revenue and $2.4 billion in assets.
The Icahn School of Medicine at Mount Sinai is an international leader in medical and scientific training, biomedical research, and patient care.
Previous legal names or variations of their name include: Mount Sinai School Of Medicine Of New York University.
EIN:
13-6171197
City:
State:
Metro:
Website:
Phone:
212-241-6500
Facebook:
Twitter:
Founded:
1964
Type:
501(c)(3)
NTEE:
Revenue:
$2,954,499,103
Assets:
$2,453,629,607
Employees:
13,023
Fiscal year end:
December
Program areas at Icahn School of Medicine at Mount Sinai
Icahn School of Medicine at Mount Sinai provides basic & tertiary physicians services and laboratory testing services to patients on an ongoing basis.
Icahn School of Medicine at Mount Sinai passionately advances education and is responsible for the certification of physicians at the undergraduate, graduate and post-graduate levels as well as the certification of biomedical scientists at the graduate level.
Icahn School of Medicine at Mount Sinai conducts research in the areas of biological, social and physical sciences. Fundamental and applied research is primarily entered in geographic proximity to clinical facilities.
Form 990s for Icahn School of Medicine at Mount Sinai
| Fiscal year ending | Date received by IRS | Form | PDF link |
|---|
| 2018-12 | Dec 13, 2019 | 990 | View PDF |
| 2017-12 | Feb 21, 2019 | 990 | View PDF |
| 2016-12 | Jan 18, 2018 | 990 | View PDF |
| 2015-12 | Oct 26, 2017 | 990 | View PDF |
| 2015-12 | Feb 22, 2017 | 990 | View PDF |
| ...and six more Form 990 PDFs |
Financials for Icahn School of Medicine at Mount Sinai
| Field | 2017 | 2016 | % Change |
|---|
| Federated campaigns | $0 | $0 | |
| Membership dues | $0 | $0 | |
| Fundraising event contributions | $6,857,012 | $5,342,765 | 28.3% |
| Related organizations | $84,702,691 | $29,183,806 | 190.2% |
| Government grants (contributions) | $171,845 | $162,471 | 5.8% |
| Normal grants, contributions, etc. | $493,251,493 | $429,923,488 | 14.7% |
| <em>Non-cash contributions included in above</em> | $5,631,929 | $5,877,828 | -4.2% |
| Total grants, contributions, etc. | $584,983,041 | $464,612,530 | 3.5% |
| Field | 2018 | 2017 | % Change |
|---|
| Total grants, contributions, etc. | $605,190,532 | $584,983,041 | 3.5% |
| Program services | $2,213,542,874 | $2,130,641,402 | 3.9% |
| Investment income and dividends | $7,211,974 | $6,820,548 | 5.7% |
| Tax-exempt bond proceeds | $1,228,668 | $591,500 | 107.7% |
| Royalty revenue | $28,554,343 | $16,128,721 | 77.0% |
| Net rental income | $1,038,825 | $994,717 | 4.4% |
| Net gain from sale of non-inventory assets | $36,026,568 | $33,643,782 | 7.1% |
| Net income from fundraising events | $-1,107,822 | $-1,037,696 | -6.8% |
| Net income from gaming activities | $0 | $0 | |
| Net income from sales of inventory | $0 | $0 | |
| Miscellaneous revenues | $62,813,141 | $62,329,714 | 0.8% |
| Total revenues | $2,954,499,103 | $2,835,095,729 | 4.2% |
| Field | 2018 | 2017 | % Change |
|---|
| Grants to govts. and orgs. in USA | $0 | $10,000,000 | -100% |
| Grants to individuals in USA | $6,242,559 | $6,252,408 | -0.2% |
| Grants to govts., orgs., and individuals outside USA | $94,850 | $57,000 | 66.4% |
| Benefits paid to or for members | $0 | $0 | |
| Compensation of current officers, etc. | $8,609,852 | $10,649,146 | -19.1% |
| Compensation not included above, to disqualified persons | $3,114,533 | $2,863,517 | 8.8% |
| Non-officer salaries and wages | $1,816,891,151 | $1,709,275,626 | 6.3% |
| Pension/retirement accruals and contributions | $74,733,214 | $89,825,201 | -16.8% |
| Other employee benefits | $146,410,553 | $141,326,062 | 3.6% |
| Payroll taxes | $100,467,720 | $96,934,987 | 3.6% |
| Management fees | $38,891,498 | $39,536,783 | -1.6% |
| Legal fees | $8,338,264 | $11,146,290 | -25.2% |
| Accounting fees | $819,430 | $1,117,896 | -26.7% |
| Lobbying fees | $231 | $231 | |
| Pro. fundraising fees | $0 | $0 | |
| Investment mgmt fees | $3,313,366 | $2,927,110 | 13.2% |
| Other fee-for-service | $114,132,538 | $94,770,631 | 20.4% |
| Advertising and promotion | $6,898,697 | $7,614,101 | -9.4% |
| Office expenses | $29,500,356 | $27,817,284 | 6.1% |
| Information tech. expenses | $11,570,685 | $9,847,640 | 17.5% |
| Royalty expenses | $8,455,797 | $7,949,117 | 6.4% |
| Occupancy | $132,686,932 | $125,916,767 | 5.4% |
| Travel | $4,601,478 | $3,772,002 | 22.0% |
| Public official travel and entertainment | $0 | $0 | |
| Conferences, meetings, etc. | $17,653,129 | $16,824,042 | 4.9% |
| Interest | $22,240,642 | $23,696,434 | -6.1% |
| Payments to affiliates | $0 | $0 | |
| Depreciation, amortization, etc. | $89,418,626 | $86,628,300 | 3.2% |
| Insurance | $52,051,359 | $59,006,651 | -11.8% |
| All other expenses | $216,332,779 | $193,669,393 | 11.7% |
| Total expenses | $2,913,470,239 | $2,779,424,619 | 4.8% |
| Field | 2018 | 2017 | % Change |
|---|
| Cash (non-interest-bearing) | $17,624,377 | $18,165,064 | -3.0% |
| Savings, short-term investments, etc. | $136,579,610 | $115,653,572 | 18.1% |
| Pledges and grants receivable | $105,494,456 | $59,155,741 | 78.3% |
| Accounts receivable | $103,701,117 | $106,226,317 | -2.4% |
| Loans receivable from officers, directors, etc. | $1,500,000 | $1,500,000 | |
| Loans receivable from other disqualified persons | $0 | $0 | |
| Notes and loans receivable | $107,583,777 | $99,014,581 | 8.7% |
| Inventories for use | $0 | $0 | |
| Prepaid expenses and deferred charges | $3,213,086 | $2,591,317 | 24.0% |
| Buildings, equipment, etc. post-depreciation | $889,203,424 | $919,261,648 | -3.3% |
| Investments, publicly traded securities | $0 | $0 | |
| Investments, other securities | $853,976,524 | $890,251,126 | -4.1% |
| Investments, program-related | $10,324,684 | $10,976,861 | -5.9% |
| Intangible assets | $0 | $0 | |
| Other assets | $224,428,552 | $239,226,105 | -6.2% |
| Total assets | $2,453,629,607 | $2,462,022,332 | -0.3% |
| Field | 2018 | 2017 | % Change |
|---|
| Accounts payable and accrued expenses | $131,617,331 | $111,408,786 | 18.1% |
| Grants payable | $0 | $0 | |
| Deferred revenue | $101,475,129 | $98,892,902 | 2.6% |
| Tax-exempt bond liabilities | $586,350,224 | $609,353,484 | -3.8% |
| Escrow or custodial account liability | $0 | $0 | |
| Loans payable to officers and disqualified persons | $0 | $0 | |
| Secured mortgages and notes payable to unrelated third parties | $12,373,147 | $15,596,325 | -20.7% |
| Unsecured notes and loans payable to unrelated third parties | $0 | $0 | |
| Other liabilities | $580,986,512 | $546,812,920 | 6.2% |
| Total liabilities | $1,412,802,343 | $1,382,064,417 | 2.2% |
| Field | 2018 | 2017 | % Change |
|---|
| Unrestricted net assets | $231,309,136 | $303,183,712 | -23.7% |
| Temporarily restricted net assets | $395,178,270 | $368,306,945 | 7.3% |
| Permanently restricted net assets | $414,339,858 | $408,467,258 | 1.4% |
Vendors for Icahn School of Medicine at Mount Sinai
| Vendor | Services | Amount paid | Date |
|---|
| WordPress | Content management system software | | 2020-09-20 |
| █████ ███ █████ ██ ███ | Tax accounting; Audit accounting | | 2019-09-30 |
| ██████ ███ | Software | | 2019-09-20 |
| ███████ ███ ██████ ███ | Legal | $3,152,133 | 2017-12-01 |
| ███ █████████ █████ ███ | It Consultant | $2,704,791 | 2017-12-01 |
| ██████ ██████████ | Billing Services | $10,622,838 | 2017-12-01 |
| ████ | Consultants | $2,631,370 | 2017-12-01 |
| ████████ ███ | Lab Testing | $2,908,700 | 2017-12-01 |
Personnel at Icahn School of Medicine at Mount Sinai
| Name | Title | Compensation | Most recent data |
|---|
| Burton P. Drayer | Dean for Clinical Affairs / Executive Vice President , Chief Executive Officer MS Doctors Fpa | $1.1 million | Sept. 22, 2019 |
| Kenneth Davis | President and Chief Executive Officer , Mount Sinai Health System | $4.1 million | Sept. 22, 2019 |
| ███████ ███████████ | Executive Vice President , Chief Operating Officer | $373,412 | July 2, 2019 |
| ███████ ██████ | Senior Vice President for Finance / Senior Vice President and Chief Financial Officer | $728,087 | Sept. 22, 2019 |
| ███████ ██ ███████ | Chief Program Officer , Office for Diversity and Inclusion | - | Sept. 22, 2019 |
| ███████ ███████ ███████ | Chief of General Surgery | - | Sept. 22, 2019 |
| █████ ███████ | Dean for Information Technology / Executive Vice President , System Chief Information Officer | $133,604 | Sept. 22, 2019 |
| ███████ ██████ | Dean for Clinical Integration and Population Health | $936,930 | Sept. 22, 2019 |
| █████ ██████ | Dean for Medical Education | - | Sept. 22, 2019 |
| ██████ ██ ████████ | Dean for Cancer Innovation / Board Member | - | Sept. 22, 2019 |
| ...and 19 more key personnel |
Peer graduate and professional schools
| | Name | Type | Revenue | Location |
|---|
| 1 | Baylor College of Medicine (BCM) | 501(c)(3) | $1.9 billion | Houston, TX |
| 2 | Saint Johns University (SJU) | 501(c)(3) | $781 million | Jamaica, NY |
| 3 | Columbia University | 501(c)(3) | $5.8 billion | New York, NY |
| 4 | Fordham University | 501(c)(3) | $873 million | Bronx, NY |
| 5 | New York University (NYU) | 501(c)(3) | $7.7 billion | New York, NY |
| 6 | Drexel University | 501(c)(3) | $1.3 billion | Philadelphia, PA |
| 7 | University of Delaware (UD) | 501(c)(3) | $1.3 billion | Newark, DE |
| 8 | Rice University | 501(c)(3) | $1.0 billion | Houston, TX |
| 9 | California Institute of Technology | 501(c)(3) | $3.5 billion | Pasadena, CA |
| 10 | Northeastern University (NU) | 501(c)(3) | $1.6 billion | Boston, MA |
| 11 | Massachusetts Institute of Technology (MIT) | 501(c)(3) | $4.4 billion | Cambridge, MA |
| 12 | University of Notre Dame | 501(c)(3) | $2.1 billion | Notre Dame, IN |
| 13 | University of Dayton (UD) | 501(c)(3) | $774 million | Dayton, OH |
| 14 | Northwestern University | 501(c)(3) | $3.1 billion | Evanston, IL |
| 15 | University of Cambridge | 501(c)(3) | $2.4 billion | United Kingdom, |
| 16 | Brown University | 501(c)(3) | $1.3 billion | Providence, RI |
| 17 | Trustees of Boston University | 501(c)(3) | $2.5 billion | Boston, MA |
| 18 | Tufts University | 501(c)(3) | $1.1 billion | Somerville, MA |
| 19 | University of Southern California (USC) | 501(c)(3) | $5.6 billion | Los Angeles, CA |
| 20 | Stanford University | 501(c)(3) | $7.2 billion | Redwood City, CA |
| 21 | Texas Christian University (TCU) | 501(c)(3) | $848 million | Fort Worth, TX |
| 22 | Liberty University | 501(c)(3) | $1.1 billion | Lynchburg, VA |
| 23 | Emory University | 501(c)(3) | $4.5 billion | Atlanta, GA |
| 24 | Baylor University (BU) | 501(c)(3) | $1.0 billion | Waco, TX |
| 25 | University of Miami (UM) | 501(c)(3) | $3.7 billion | Coral Gables, FL |