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's 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 |
---|
Burton P. Drayer | Chief Executive Officer | $0 | 2023-06-20 |
David Reich | Chief Operating Officer | | 2023-06-20 |
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 |
Jeffrey Silberstein | Executive Vice President , System Chief Administrative Officer / Executive Vice President , Sys Chief Administration Officer | $0 | 2022-12-31 |
...and 31 more key personnel |
Financials for The Mount Sinai Medical Center
Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
---|
Total grants, contributions, etc. | $91,757 | $473,886 | -80.6% |
Program services | $0 | $0 | - |
Investment income and dividends | $0 | $0 | - |
Tax-exempt bond proceeds | $0 | $0 | - |
Royalty revenue | $0 | $0 | - |
Net rental income | $0 | $0 | - |
Net gain from sale of non-inventory assets | $0 | $0 | - |
Net income from fundraising events | $0 | $0 | - |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $5,749,237 | $13,824,459 | -58.4% |
Total revenues | $5,840,994 | $14,298,345 | -59.1% |
Organizations like The Mount Sinai Medical Center
Organization | Type | Location | Revenue |
---|
Sheppard and Enoch Pratt Foundation | 501(c)(3) | Baltimore, MD | $2,040,791 |
The Mclaren Foundation | 501(c)(3) | Flint, MI | $3,425,116 |
Masonic Family Health Foundation (MFHF) | 501(c)(3) | Oak Brook, IL | $1,601,516 |
TMC HealthCare | 501(c)(3) | Tucson, AZ | $3,344,698 |
Messiah Lifeways | 501(c)(3) | Mechanicsburg, PA | $6,063,155 |
Settlement & Housing Alternative Resources (SHARE) | 501(c)(3) | El Dorado, AR | $6,920,365 |
Catholic Health Initiatives Colorado Foundation | 501(c)(3) | Centennial, CO | $23,185,458 |
Friends of Yad Sarah | 501(c)(3) | New York, NY | $4,473,675 |
Nevada Rural Hospital Partners Foundation | 501(c)(3) | Reno, NV | $5,484,700 |
Cullen Trust For Health Care | 501(c)(3) | Houston, TX | $3,610,323 |
Data update history
January 24, 2024
Updated personnel
Identified 4 new personnel
January 23, 2024
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Grantmaking organizationsHealth organizationsHeadquarter / parent organizationsCharities
Issues
Health
Characteristics
LobbyingOperates internationallyState / local levelEndowed supportTax deductible donationsNo full-time employees
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
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