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Nonprofiteer
← THE NEW YORK AND PRESBYTERIAN HOSPITAL

Form 990 for tax year 2023

Filed by THE NEW YORK AND PRESBYTERIAN HOSPITAL.

Totals

Total revenue
$10,254,512,111
Total expenses
$9,755,790,336
Contributions and grants received
$381,323,851
Grants paid
$150,423,669
Program service revenue
$9,450,328,861
Investment income
$300,773,471
Other revenue
$122,085,928
Total assets, end of year
$20,094,954,661
Total liabilities, end of year
$7,978,092,849
Net assets or fund balances, end of year
$12,116,861,812
Program services expenses (Part IX)
$8,145,487,302
Management and general expenses
$1,610,303,034
Fundraising expenses
$0
Program service expenses (Part III)
$8,145,487,302

Program services were 83.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $109,136,392

  • 1e · Government grants (contributions)

    $237,658,877

  • 1f · All other contributions, gifts and grants

    $34,528,582

  • 1g · Noncash contributions included above

    $5,712,816

  • 2a · Program service revenue: PATIENT REVENUE

    total $9,309,983,658 · related or exempt $9,305,045,272 · unrelated business $4,938,386

  • 2b · Program service revenue: RENTAL INCOME

    total $56,618,776 · related or exempt $56,618,776

  • 2c · Program service revenue: CONTRACT PHARMACY

    total $77,713,211 · related or exempt $77,713,211

  • 2d · Program service revenue: MISC. PATIENT RELATED REVENUE

    total $6,013,216 · related or exempt $6,013,216

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $35,798,101 · unrelated business $61,298 · excluded $35,736,803

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $10,873,370 · other assets $254,102,000

  • 7b · Less cost or other basis and sales expenses

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $10,873,370 · other assets $254,102,000

  • 7d · Net gain or loss

    total $264,975,370 · excluded $264,975,370

  • 11a · Other revenue: VENDOR REBATES

    total $45,679,332 · excluded $45,679,332

  • 11b · Other revenue: CAFETERIA & VENDING MACHINES

    total $13,182,496 · excluded $13,182,496

  • 11c · Other revenue: PROFESSIONAL FEE

    total $5,500,000 · related or exempt $5,500,000

  • 11d · All other revenue

    total $57,724,100 · related or exempt $0 · unrelated business $174,414 · excluded $57,549,686

  • 11e · Other revenue, total

    $122,085,928

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $142,729,745 · program services $142,729,745

  • 2 · Grants to domestic individuals

    total $7,692,672 · program services $7,692,672

  • 3 · Grants to foreign organizations and individuals

    total $1,252 · program services $1,252

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $57,403,376 · management and general $57,403,376

  • 7 · Other salaries and wages

    total $4,342,512,134 · program services $3,458,662,725 · management and general $883,849,409

  • 8 · Pension plan contributions

    total $50,077,401 · program services $39,884,941 · management and general $10,192,460

  • 9 · Other employee benefits

    total $687,419,399 · program services $547,506,093 · management and general $139,913,306

  • 10 · Payroll taxes

    total $277,732,784 · program services $221,204,685 · management and general $56,528,099

  • 11b · Fees: legal

    total $25,690,825 · management and general $25,690,825

  • 11c · Fees: accounting

    total $5,433,349 · management and general $5,433,349

  • 11d · Fees: lobbying

    total $1,331,606 · management and general $1,331,606

  • 11f · Fees: investment management

    total $5,674 · management and general $5,674

  • 11g · Fees: other

    total $868,720,643 · program services $710,432,351 · management and general $158,288,292 · fundraising $0

  • 12 · Advertising and promotion

    total $93,594,172 · program services $74,544,564 · management and general $19,049,608

  • 13 · Office expenses

    total $209,131,494 · program services $166,566,098 · management and general $42,565,396

  • 14 · Information technology

    total $142,754,155 · program services $113,698,813 · management and general $29,055,342

  • 16 · Occupancy

    total $173,397,160 · program services $140,379,912 · management and general $33,017,248

  • 17 · Travel

    total $7,069,513 · management and general $7,069,513

  • 19 · Conferences, conventions and meetings

    total $2,977,210 · management and general $2,977,210

  • 20 · Interest

    total $110,290,406 · program services $89,289,568 · management and general $21,000,838

  • 22 · Depreciation, depletion and amortization

    total $502,206,847 · program services $406,579,631 · management and general $95,627,216

  • 23 · Insurance

    total $486,374,664 · program services $483,971,372 · management and general $2,403,292

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $1,534,073,634 · program services $1,534,073,634

  • 24b · Other expenses: Membership/Dues/Accreditation

    total $10,382,424 · program services $8,269,246 · management and general $2,113,178

  • 24c · Other expenses: EXCISE TAX

    total $4,110,516 · management and general $4,110,516

  • 24d · Other expenses: UBIT TAXES

    total $1,243,330 · management and general $1,243,330

  • 24e · All other expenses

    total $11,433,951 · program services $0 · management and general $11,433,951 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $77,253,703 · end of year $80,298,915

  • 2 · Savings and temporary cash investments

    beginning of year $257,740,547 · end of year $535,464,955

  • 3 · Pledges and grants receivable

    beginning of year $19,375 · end of year $0

  • 4 · Accounts receivable

    beginning of year $1,165,530,442 · end of year $1,432,883,617

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $259,249,690 · end of year $277,616,408

  • 9 · Prepaid expenses and deferred charges

    beginning of year $311,212,838 · end of year $177,377,731

  • 10a · Land, buildings and equipment: cost or other basis

    $7,937,317,176

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,498,613,103

  • 10c · Land, buildings and equipment, net

    beginning of year $4,485,727,190 · end of year $4,438,704,073

  • 11 · Investments: publicly traded securities

    beginning of year $455,085,523 · end of year $441,338,520

  • 12 · Investments: other securities

    beginning of year $29,669,745 · end of year $87,157,800

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $11,022,983,774 · end of year $12,624,112,642

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,483,377,982 · end of year $1,727,730,391

  • 20 · Tax-exempt bond liabilities

    end of year $292,900,000

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $3,648,088,046 · end of year $3,315,515,007

  • 25 · Other liabilities

    beginning of year $2,282,314,559 · end of year $2,641,947,451

  • 27 · Net assets without donor restrictions

    beginning of year $8,063,057,125 · end of year $9,265,633,222

  • 28 · Net assets with donor restrictions

    beginning of year $2,587,635,115 · end of year $2,851,228,590

Mission and programs · 2023

Mission

TO BE A LEADER IN THE PROVISION OF WORLD CLASS PATIENT CARE, TEACHING, RESEARCH, AND SERVICE TO LOCAL, STATE, NATIONAL, AND INTERNATIONAL COMMUNITIES. NEWYORK-PRESBYTERIAN HOSPITAL IS ONE OF THE NATION'S MOST COMPREHENSIVE, INTEGRATED ACADEMIC HEALTH CARE DELIVERY SYSTEMS, DEDICATED TO PROVIDING THE HIGHEST QUALITY, MOST COMPASSIONATE CARE AND SERVICE TO PATIENTS IN THE NEW YORK METROPOLITAN AREA, NATIONALLY, AND THROUGHOUT THE GLOBE. IN COLLABORATION WITH TWO RENOWNED MEDICAL SCHOOLS, WEILL CORNELL MEDICINE AND COLUMBIA UNIVERSITY COLLEGE OF PHYSICIANS AND SURGEONS, NEWYORK PRESBYTERIAN HOSPITAL IS CONSISTENTLY RECOGNIZED AS A LEADER IN MEDICAL EDUCATION, GROUNDBREAKING RESEARCH, AND INNOVATIVE, PATIENT-CENTERED CLINICAL CARE.

Activities or mission (Part I)

TO BE A LEADER IN THE PROVISION OF WORLD CLASS PATIENT CARE, TEACHING, RESEARCH, AND SERVICE TO LOCAL, STATE, NATIONAL, AND INTERNATIONAL COMMUNITIES.

  • THE NEW YORK AND PRESBYTERIAN HOSPITAL PROVIDES QUALITY MEDICAL CARE REGARDLESS OF RACE, CREED, SEX, SEXUAL ORIENTATION, NATIONAL ORIGIN, HANDICAP, AGE, OR ABILITY TO PAY. ALTHOUGH REIMBURSEMENT FOR SERVICES RENDERED IS CRITICAL TO THE OPERATIONS AND STABILITY OF THE HOSPITAL, THE HOSPITAL RECOGNIZES THAT NOT ALL INDIVIDUALS POSSESS THE ABILITY TO PAY FOR ESSENTIAL MEDICAL SERVICES AND, FURTHERMORE, THE HOSPITAL'S MISSION IS TO SERVE THE COMMUNITY WITH RESPECT TO HEALTH CARE. THEREFORE, IN KEEPING WITH THE HOSPITAL'S COMMITMENT TO SERVE ALL MEMBERS OF THE COMMUNITY, THE HOSPITAL PROVIDES THE FOLLOWING: FREE AND REDUCED PRICE MEDICAL CARE (FINANCIAL ASSISTANCE/CHARITY CARE) TO THE INDIGENT; CARE TO PERSONS COVERED BY GOVERNMENTAL PROGRAMS AT BELOW-COST; SUBSIDIZED HEALTH SERVICES; AND HEALTH CARE ACTIVITIES, MEDICAL EDUCATION AND PROGRAMS TO SUPPORT THE COMMUNITY. COMMUNITY BENEFIT ACTIVITIES INCLUDE WELLNESS PROGRAMS, COMMUNITY EDUCATION PROGRAMS, HEALTH SCREENINGS, AND A BROAD VARIETY OF COMMUNITY SUPPORT SERVICES, HEALTH PROFESSIONAL EDUCATION, AND SUBSIDIZED HEALTH SERVICES. THE HOSPITAL HAD 163,017 DISCHARGES AND PROVIDED 1,236,116 OUTPATIENT VISITS (CLINIC - 709,291 EMERGENCY ROOM - 390,059) PLUS 136,766 AMBULATORY SURGERY PROCEDURES.

    Expenses $8,145,487,302 · Grants $150,423,669 · Revenue $9,450,890,475

As filed on the 2023 return.

Listed in Part VII

  • STEVEN J CORWIN

    PRESIDENT & CEO/TRUSTEE

    Total calculated
    $14,550,784
    From this org
    $9,277,693
    From related orgs
    $0
    Other
    $5,273,091
    Hours/week
    39.7 + 20.3 related

    Schedule J breakdown matched by us

    Base
    $2,369,251
    Bonus
    $4,620,652
    Other
    $2,287,790
    Deferred
    $5,231,058
    Nontaxable benefits
    $42,033
    Filer's total
    $14,550,784
  • ABIGAIL BLACK ELBAUM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • ADAM SILVER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • ADEBAYO O OGUNLESI

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • ALEX GORSKY

    TRUSTEE (THRU 7/2023)

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • ALFRED F KELLY JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5 + 0.8 related
  • AMIE RATH NUTTALL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • ANDREW A DAVIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • ANDREW M SYNDER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • ANGELA M MILLS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • ANTHONY A TAMER

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • ANTHONY A YOSELOFF

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • BENNETT J GOODMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • BRIAN KELLY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • BRUCE ANTHONY BEAL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 0.8 related
  • CARYN SEIDMAN BECKER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • CHARLES KAYE

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    4 + 1.8 related
  • CHARLOTTE M FORD

    VICE CHAIRMAN-EMERITUS (THRU 7/2023)

    Total calculated
    $0
    Hours/week
    4 + 1.8 related
  • CHRISTINA MCINERNEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • CLARA WU TSAI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • DANIEL S OCH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • DAVID J GREENWALD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • DAVID LAUREN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • DAVID M SOLOMON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • DEANNA M MULLIGAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • DENNIS E GLAZER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2.8 related
  • ELIZABETH ALEXANDER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • ELIZABETH TISCH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 0.8 related
  • ELLEN R MARRAM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 0.8 related
  • FABIO MICHELASSI

    TRUSTEE (THRU 7/2023)

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • FAIZA J SAEED

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1.3 related
  • FRANK A BENNACK JR

    CHAIRMAN EMERITUS

    Total calculated
    $0
    Hours/week
    12 + 2.8 related
  • GABRIELLE BACON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 0.8 related
  • GLENN R FUHRMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • GREGORY K MONDRE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • H RODGIN COHEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • HARRISON T LEFRAK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1.1 related
  • HEIDI MESSER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • HERBERT PARDES

    EXECUTIVE VICE CHAIRMAN

    Total calculated
    $2,123,368
    From this org
    $2,123,368
    From related orgs
    $0
    Other
    $0
    Hours/week
    38.4 + 1.6 related

    Schedule J breakdown matched by us

    Base
    $2,087,186
    Bonus
    $0
    Other
    $36,182
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $2,123,368
  • HOLLY PETERSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 0.8 related
  • HUGH C HEMMINGS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • IVAN G SEIDENBERG

    VICE CHAIRMAN-EMERITUS

    Total calculated
    $0
    Hours/week
    6 + 1.3 related
  • JAMES M MCKIERNAN

    TRUSTEE (THRU 7/2023)

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • JAMES S GERTLER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • JEFFREY A HARRIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4 + 3 related
  • JEFFREY W GREENBERG

    VICE CHAIRMAN-EMERITUS

    Total calculated
    $0
    Hours/week
    4 + 1.3 related
  • JERRY I SPEYER

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    10 + 0.8 related
  • JESSICA BIBLIOWICZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 0.8 related
  • JOHN A THAIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 0.8 related
  • JOHN J MACK

    CHAIRMAN EMERITUS

    Total calculated
    $0
    Hours/week
    4 + 0.8 related
  • JOHN S WEINBERG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 0.8 related
  • JONATHAN M PURZAN

    TRUSTEE (THRU 7/2023)

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • JUSTIN G MUZINICH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • LEE S AINSLIE III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 0.8 related
  • LENARD B TESSLER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4 + 1.8 related
  • LEONARD A WILF

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 1.1 related
  • LISA R PERRY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 0.8 related
  • LISE HIMBERG EVANS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • LUIS A CANELA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 0.8 related
  • MARCOS A RODRIGUEZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • MARGARET L WOLFF

    TRUSTEE

    Total calculated
    $0
    Hours/week
    9 + 0.8 related
  • MARK SCHWARTZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • MARLENE HESS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • MAURICE R GREENBERG

    CHAIRMAN EMERITUS

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • MAYA L HARRIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • MICHAEL D TUSIANI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4 + 0.8 related
  • MICHAEL ESPOSITO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • MITCHELL L JACOBSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    6 + 0.8 related
  • NANCY MARKS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • NOEL R WALLACE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • OGDEN PHIPPS II

    TRUSTEE (THRU 7/2023)

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • OSCAR STRAUS SCHAFER

    TRUSTEE (THRU 7/2023)

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • PAMELA G CARLTON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4 + 0.8 related
  • PAMELA J CRAIG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • PETER A GEORGESCU

    VICE CHAIRMAN-EMERITUS

    Total calculated
    $0
    Hours/week
    4 + 0.8 related
  • PETER G LIVANOS

    TRUSTEE (THRU 7/2023)

    Total calculated
    $0
    Hours/week
    1 + 1.3 related
  • PETER S KALIKOW

    VICE CHAIRMAN-EMERITUS

    Total calculated
    $0
    Hours/week
    5 + 1.1 related
  • PHILIP MILSTEIN

    TRUSTEE (THRU 7/2023)

    Total calculated
    $0
    Hours/week
    1 + 1.1 related
  • PHILIPPE LAFFONT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • RAYMOND DALIO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • RAYMOND J MCGUIRE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 1.1 related
  • RICHARD C DRESDALE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2.8 related
  • ROB J SPEYER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 1.5 related
  • ROCHELLE B LAZARUS

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    5 + 1.3 related
  • ROGER C ALTMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 0.8 related
  • ROMAN MARTINEZ IV

    TRUSTEE (THRU 7/2023)

    Total calculated
    $0
    Hours/week
    3 + 2.3 related
  • RONAY A MENSCHEL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • RUSSELL LLOYD CARSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4 + 1.3 related
  • SARAH E NASH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    9 + 0.8 related
  • SEYMOUR STERNBERG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4 + 1.3 related
  • SHARMIN MOSSAVAR-RAHMANI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3 + 1.8 related
  • STEPHANIE ANNE COLEMAN

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    3 + 0.8 related
  • STEPHEN A SCHWARZMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • STEPHEN ROBERT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • STEVEN O NEWHOUSE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 0.8 related
  • STEVEN R SWARTZ

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    4 + 0.8 related
  • THASUNDA BROWN DUCKETT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • THEODORE V WELLS JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • VINCENT TESE

    TRUSTEE (THRU 7/2023)

    Total calculated
    $0
    Hours/week
    3 + 0.8 related
  • WILLIAM M LEWIS JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • WILLIAM P CAREY II

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • WILLIAM P LAUDER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.8 related
  • BRIAN DONLEY

    EVP & COO

    Total calculated
    $3,609,766
    From this org
    $3,551,334
    From related orgs
    $0
    Other
    $58,432
    Hours/week
    34.5 + 25.5 related

    Schedule J breakdown matched by us

    Base
    $1,798,323
    Bonus
    $1,450,000
    Other
    $303,011
    Deferred
    $0
    Nontaxable benefits
    $58,432
    Filer's total
    $3,609,766
  • JOHN V CAMPANO

    VP, SEN. COUNS. & CORP. SEC.

    Total calculated
    $669,131
    From this org
    $576,214
    From related orgs
    $0
    Other
    $92,917
    Hours/week
    46 + 14 related

    Schedule J breakdown matched by us

    Base
    $396,126
    Bonus
    $136,469
    Other
    $43,619
    Deferred
    $47,582
    Nontaxable benefits
    $45,335
    Filer's total
    $669,131
  • LAURA L FORESE

    EVP & COO

    Total calculated
    $7,682,481
    From this org
    $7,457,628
    From related orgs
    $0
    Other
    $224,853
    Hours/week
    34.5 + 25.5 related

    Schedule J breakdown matched by us

    Base
    $1,048,850
    Bonus
    $3,996,134
    Other
    $2,412,644
    Deferred
    $200,019
    Nontaxable benefits
    $24,834
    Filer's total
    $7,682,481
  • MARY BETH CLAUS

    GSVP, CLO & GENERAL COUNSEL

    Total calculated
    $2,407,480
    From this org
    $2,362,515
    From related orgs
    $0
    Other
    $44,965
    Hours/week
    48.7 + 11.3 related

    Schedule J breakdown matched by us

    Base
    $1,240,047
    Bonus
    $927,434
    Other
    $195,034
    Deferred
    $18,245
    Nontaxable benefits
    $26,720
    Filer's total
    $2,407,480
  • MARY BRAUNSDORF

    ASS'T CORP. SEC.

    Total calculated
    $193,350
    From this org
    $167,219
    From related orgs
    $0
    Other
    $26,131
    Hours/week
    27.5 + 7.5 related

    Schedule J breakdown matched by us

    Base
    $156,330
    Bonus
    $9,795
    Other
    $1,094
    Deferred
    $11,536
    Nontaxable benefits
    $14,595
    Filer's total
    $193,350
  • MELISSA E WELCH

    ASS'T CORP. SEC.

    Total calculated
    $231,016
    From this org
    $192,422
    From related orgs
    $0
    Other
    $38,594
    Hours/week
    28 + 7 related

    Schedule J breakdown matched by us

    Base
    $185,560
    Bonus
    $6,703
    Other
    $159
    Deferred
    $21,470
    Nontaxable benefits
    $17,124
    Filer's total
    $231,016
  • MICHAEL P BRESLIN

    GSVP, CFO & TREASURER

    Total calculated
    $2,705,003
    From this org
    $2,619,350
    From related orgs
    $0
    Other
    $85,653
    Hours/week
    40.5 + 19.5 related

    Schedule J breakdown matched by us

    Base
    $1,457,262
    Bonus
    $927,434
    Other
    $234,654
    Deferred
    $25,480
    Nontaxable benefits
    $60,173
    Filer's total
    $2,705,003
  • VANESSA MURPHY

    ASS'T CORP. SEC.

    Total calculated
    $338,458
    From this org
    $274,300
    From related orgs
    $0
    Other
    $64,158
    Hours/week
    33.5 + 1.5 related

    Schedule J breakdown matched by us

    Base
    $240,958
    Bonus
    $33,000
    Other
    $342
    Deferred
    $17,209
    Nontaxable benefits
    $46,949
    Filer's total
    $338,458
  • ANNE DINNEEN

    SVP - CHIEF INVEST OFFICER

    Total calculated
    $2,533,729
    From this org
    $2,465,115
    From related orgs
    $0
    Other
    $68,614
    Hours/week
    19 + 41 related

    Schedule J breakdown matched by us

    Base
    $1,488,805
    Bonus
    $750,000
    Other
    $226,310
    Deferred
    $11,006
    Nontaxable benefits
    $57,608
    Filer's total
    $2,533,729
  • DEEPA KUMARAIAH

    SVP & CHIEF MEDICAL OFFICER

    Total calculated
    $1,270,897
    From this org
    $1,191,470
    From related orgs
    $0
    Other
    $79,427
    Hours/week
    42.5 + 17.5 related

    Schedule J breakdown matched by us

    Base
    $666,305
    Bonus
    $420,304
    Other
    $104,861
    Deferred
    $27,233
    Nontaxable benefits
    $52,194
    Filer's total
    $1,270,897
  • DEVIKA MATHRANI

    SVP, CHIEF MARKETING & COMM OFFICER

    Total calculated
    $2,066,949
    From this org
    $2,037,796
    From related orgs
    $0
    Other
    $29,153
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $1,100,000
    Bonus
    $789,221
    Other
    $148,575
    Deferred
    $16,808
    Nontaxable benefits
    $12,345
    Filer's total
    $2,066,949
  • DOV N SCHWARTZBEN

    SVP - FINANCE

    Total calculated
    $2,430,085
    From this org
    $2,326,624
    From related orgs
    $0
    Other
    $103,461
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $898,535
    Bonus
    $814,632
    Other
    $613,457
    Deferred
    $47,688
    Nontaxable benefits
    $55,773
    Filer's total
    $2,430,085
  • EMME DELAND

    SVP-STRATEGY

    Total calculated
    $1,344,510
    From this org
    $1,173,496
    From related orgs
    $0
    Other
    $171,014
    Hours/week
    59.5 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $631,958
    Bonus
    $363,438
    Other
    $178,100
    Deferred
    $160,191
    Nontaxable benefits
    $10,823
    Filer's total
    $1,344,510
  • JOSEPH A IENUSO

    GSVP-FACIL & REAL ESTATE

    Total calculated
    $1,927,066
    From this org
    $1,858,069
    From related orgs
    $0
    Other
    $68,997
    Hours/week
    27.7 + 32.3 related

    Schedule J breakdown matched by us

    Base
    $941,273
    Bonus
    $756,295
    Other
    $160,501
    Deferred
    $23,453
    Nontaxable benefits
    $45,544
    Filer's total
    $1,927,066
  • JUAN MEJIA

    PRESIDENT METHODIST

    Total calculated
    $1,186,467
    From this org
    $1,111,336
    From related orgs
    $0
    Other
    $75,131
    Hours/week
    58.7 + 1.3 related

    Schedule J breakdown matched by us

    Base
    $651,117
    Bonus
    $356,352
    Other
    $103,867
    Deferred
    $41,801
    Nontaxable benefits
    $33,330
    Filer's total
    $1,186,467
  • KAREN WESTERVELT

    GSVP CHIEF OF REGUL. PLAN AND STRAT. INITIATIVES

    Total calculated
    $1,532,837
    From this org
    $1,466,445
    From related orgs
    $0
    Other
    $66,392
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $747,235
    Bonus
    $583,656
    Other
    $135,554
    Deferred
    $24,856
    Nontaxable benefits
    $41,536
    Filer's total
    $1,532,837
  • KERRY S DEWITT

    COS TO PRES AND CEO AND SVP COMM

    Total calculated
    $1,308,891
    From this org
    $1,251,116
    From related orgs
    $0
    Other
    $57,775
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $681,817
    Bonus
    $451,092
    Other
    $118,207
    Deferred
    $30,787
    Nontaxable benefits
    $26,988
    Filer's total
    $1,308,891
  • LAUREEN HILL

    Group SVP Chief Operating Officer

    Total calculated
    $2,363,928
    From this org
    $2,321,931
    From related orgs
    $0
    Other
    $41,997
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $881,271
    Bonus
    $934,362
    Other
    $506,298
    Deferred
    $1,302
    Nontaxable benefits
    $40,695
    Filer's total
    $2,363,928
  • MIRIAM RIKE

    SVP FINANCE

    Total calculated
    $1,229,582
    From this org
    $1,161,825
    From related orgs
    $0
    Other
    $67,757
    Hours/week
    17.5 + 42.5 related

    Schedule J breakdown matched by us

    Base
    $713,455
    Bonus
    $361,386
    Other
    $86,984
    Deferred
    $12,375
    Nontaxable benefits
    $55,382
    Filer's total
    $1,229,582
  • PARESH SHAH

    GSVP CHIEF OPERATING OFFICER

    Total calculated
    $1,772,835
    From this org
    $1,715,064
    From related orgs
    $0
    Other
    $57,771
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $1,016,897
    Bonus
    $665,000
    Other
    $33,167
    Deferred
    $0
    Nontaxable benefits
    $57,771
    Filer's total
    $1,772,835
  • PAUL J DUNPHEY

    SVP COO ALLEN & AMBULATORY CARE

    Total calculated
    $1,334,846
    From this org
    $1,226,482
    From related orgs
    $0
    Other
    $108,364
    Hours/week
    58 + 2 related

    Schedule J breakdown matched by us

    Base
    $696,800
    Bonus
    $429,653
    Other
    $100,029
    Deferred
    $53,605
    Nontaxable benefits
    $54,759
    Filer's total
    $1,334,846
  • PETER FLEISCHUT

    GSVP CHIEF INFO. AND TRANSFORMATION OFFICER

    Total calculated
    $1,779,024
    From this org
    $1,735,297
    From related orgs
    $0
    Other
    $43,727
    Hours/week
    58.5 + 1.5 related

    Schedule J breakdown matched by us

    Base
    $897,901
    Bonus
    $700,756
    Other
    $136,640
    Deferred
    $27,968
    Nontaxable benefits
    $15,759
    Filer's total
    $1,779,024
  • SHAUN E SMITH

    GSVP CHIEF PEOPLE AND CULTURE OFFICER

    Total calculated
    $1,771,705
    From this org
    $1,710,183
    From related orgs
    $0
    Other
    $61,522
    Hours/week
    58.5 + 1.5 related

    Schedule J breakdown matched by us

    Base
    $918,267
    Bonus
    $642,867
    Other
    $149,049
    Deferred
    $30,454
    Nontaxable benefits
    $31,068
    Filer's total
    $1,771,705
  • SHEILA KELLY

    SVP CHIEF DEVELOPMENT OFFICER

    Total calculated
    $1,258,204
    From this org
    $1,188,104
    From related orgs
    $0
    Other
    $70,100
    Hours/week
    0 + 60 related

    Schedule J breakdown matched by us

    Base
    $718,785
    Bonus
    $354,373
    Other
    $114,946
    Deferred
    $16,603
    Nontaxable benefits
    $53,497
    Filer's total
    $1,258,204
  • SUSAN MASCITELLI

    SVP-PAT SVCS-LIASON TO BOARD

    Total calculated
    $1,866,942
    From this org
    $1,749,971
    From related orgs
    $0
    Other
    $116,971
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $745,867
    Bonus
    $840,916
    Other
    $163,188
    Deferred
    $95,726
    Nontaxable benefits
    $21,245
    Filer's total
    $1,866,942
  • TIFFANY SULLIVAN

    SVP/COO PHYSICIAN SERVICES

    Total calculated
    $1,209,083
    From this org
    $1,138,055
    From related orgs
    $0
    Other
    $71,028
    Hours/week
    59.5 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $668,185
    Bonus
    $362,193
    Other
    $107,677
    Deferred
    $17,269
    Nontaxable benefits
    $53,759
    Filer's total
    $1,209,083
  • WILHELMINA MANZANO

    GSVP & CHIEF NURSING OFFICER

    Total calculated
    $1,973,956
    From this org
    $1,896,785
    From related orgs
    $0
    Other
    $77,171
    Hours/week
    59 + 1 related

    Schedule J breakdown matched by us

    Base
    $871,367
    Bonus
    $643,854
    Other
    $381,564
    Deferred
    $49,541
    Nontaxable benefits
    $27,630
    Filer's total
    $1,973,956
  • WILLIAM J FARRELL

    SVP-FINANCE

    Total calculated
    $1,349,541
    From this org
    $1,241,751
    From related orgs
    $0
    Other
    $107,790
    Hours/week
    55.5 + 4.5 related

    Schedule J breakdown matched by us

    Base
    $715,206
    Bonus
    $419,205
    Other
    $107,340
    Deferred
    $52,253
    Nontaxable benefits
    $55,537
    Filer's total
    $1,349,541
  • JACLYN MUCARIA

    PRESIDENT QUEENS

    Total calculated
    $1,493,730
    From this org
    $1,338,804
    From related orgs
    $0
    Other
    $154,926
    Hours/week
    0 + 60 related

    Schedule J breakdown matched by us

    Base
    $758,751
    Bonus
    $426,255
    Other
    $153,798
    Deferred
    $118,315
    Nontaxable benefits
    $36,611
    Filer's total
    $1,493,730
  • PAUL N CASALE

    Executive Director NY Quality

    Total calculated
    $1,072,552
    From this org
    $1,016,963
    From related orgs
    $0
    Other
    $55,589
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $650,432
    Bonus
    $273,103
    Other
    $93,428
    Deferred
    $23,780
    Nontaxable benefits
    $31,809
    Filer's total
    $1,072,552
  • RICHARD EVANS

    SVP & CHIEF EXPERIENCE OFFICER

    Total calculated
    $1,137,742
    From this org
    $1,057,276
    From related orgs
    $0
    Other
    $80,466
    Hours/week
    57 + 3 related

    Schedule J breakdown matched by us

    Base
    $593,545
    Bonus
    $378,260
    Other
    $85,471
    Deferred
    $30,244
    Nontaxable benefits
    $50,222
    Filer's total
    $1,137,742
  • ROBERT GUIMENTO

    PRESIDENT METHODIST

    Total calculated
    $1,171,279
    From this org
    $1,105,752
    From related orgs
    $0
    Other
    $65,527
    Hours/week
    59 + 1 related

    Schedule J breakdown matched by us

    Base
    $420,745
    Bonus
    $331,700
    Other
    $353,307
    Deferred
    $40,407
    Nontaxable benefits
    $25,120
    Filer's total
    $1,171,279
  • STACEY PETROWER

    PRESIDENT HUDSON VALLEY

    Total calculated
    $1,056,972
    From this org
    $989,168
    From related orgs
    $0
    Other
    $67,804
    Hours/week
    0 + 60 related

    Schedule J breakdown matched by us

    Base
    $581,752
    Bonus
    $320,610
    Other
    $86,806
    Deferred
    $44,644
    Nontaxable benefits
    $23,160
    Filer's total
    $1,056,972
  • JENNINGS R ASKE

    FORMER KEY EMPLOYEE

    Total calculated
    $1,019,207
    From this org
    $945,691
    From related orgs
    $0
    Other
    $73,516
    Hours/week
    59 + 1 related

    Schedule J breakdown matched by us

    Base
    $547,955
    Bonus
    $333,865
    Other
    $63,871
    Deferred
    $24,581
    Nontaxable benefits
    $48,935
    Filer's total
    $1,019,207
  • SARAH L AVINS

    FORMER KEY EMPLOYEE

    Total calculated
    $210,388
    From this org
    $206,615
    From related orgs
    $0
    Other
    $3,773
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $206,615
    Deferred
    $3,773
    Nontaxable benefits
    $0
    Filer's total
    $210,388
  • WILLIAM LEE

    FORMER KEY EMPLOYEE

    Total calculated
    $666,336
    From this org
    $655,985
    From related orgs
    $0
    Other
    $10,351
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $655,985
    Deferred
    $0
    Nontaxable benefits
    $10,351
    Filer's total
    $666,336

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1a · Housing allowance or residence for personal use
  • 1a · Personal services (maid, chauffeur, chef)
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a First-class or charter travel
The travel policy states that: employees who travel by air will be reimbursed for economy accommodations on regularly scheduled commercial carriers; SVPs and above and employees with SVP approval are permitted to fly business or first class for international flights or flights exceeding 4 hours. In so far as necessary, the New York and Presbyterian Hospital records any applicable items as taxable compensation to the individual(s) as required by the internal revenue code.
Schedule J, Part I, Line 1a Housing allowance or residence for personal use
THE NEW YORK AND PRESBYTERIAN HOSPITAL SUPPLIES MONTHLY HOUSING ALLOWANCE TO CERTAIN EXECUTIVES DUE TO THE EXTENT AND NATURE OF THEIR RESPONSIBILITIES. TWO executives reported on Part VII, Section A received this benefit and it was treated as taxable compensation to them.
Schedule J, Part I, Line 1a Personal services
THE NEW YORK AND PRESBYTERIAN HOSPITAL SUPPLIES TRANSPORTATION TO CERTAIN EXECUTIVES DUE TO THE EXTENT AND NATURE OF THEIR RESPONSIBILITIES ACROSS VARIOUS PHYSICAL LOCATIONS. IN SO FAR AS NECESSARY, THE NEW YORK AND PRESBYTERIAN HOSPITAL RECORDS ANY APPLICABLE ITEMS AS TAXABLE COMPENSATION TO THE INDIVIDUAL(S) AS REQUIRED BY THE INTERNAL REVENUE CODE.
Schedule J, Part I, Line 4a Severance or change-of-control payment
LAURA FORESE RECEIVED $923,077 IN SEVERANCE PAY. SARAH AVINS RECEIVED $206,615 IN SEVERANCE PAY. LAUREEN HILL RECEIVED $341,346 IN SEVERANCE PAY. WILLIAM LEE RECEIVED $657,692 IN SEVERANCE PAY. ROBERT GUIMENTO RECEIVED $264,035 IN SEVERANCE PAY.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: STEVEN CORWIN : $577,589 LAURA FORESE : $190,533 SUSAN MASCITELLI : $43,198 EMME DELAND : $112,459 JACLYN MUCARIA : $70,491 SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN AS REPORTED ON THE W-2: STEVEN CORWIN : $1,354,877 LAURA FORESE : $1,093,848 HERBERT PARDES : $36,182 EMME DELAND : $88,348 WILHELMINA MANZANO : $238,906 SUSAN MASCITELLI : $35,584 DOV SCHWARTZBEN : $471,824 JACLYN MUCARIA : $55,436
Schedule J, Part I, Line 7 Non-fixed payments
SEE SCHEDULE O PART VI, SECTION B, LINE 15 A & B - COMPENSATION PROCESS FOR AN EXPLANATION OF ANNUAL INCENTIVE PLAN PAYMENTS.
Schedule J, Part I PART VII & SCHEDULE J SUPPLEMENTAL INFORMATION
THE OFFICERS AND KEY EMPLOYEES IDENTIFIED IN PART VII ARE RESPONSIBLE FOR EXECUTING THE MISSION AND MANAGEMENT OF THE NEW YORK AND PRESBYTERIAN HOSPITAL (NYP) AND ITS AFFILIATED ENTITIES. COMPENSATION FOR 2023 OF THESE UPPER LEVEL EXECUTIVES INCLUDES THE PAYOUT OF AN ANNUAL INCENTIVE PLAN AND A LONG-TERM INCENTIVE PLAN. THIS PERFORMANCE ORIENTED PROGRAM CONDITIONS PAYMENTS UPON THE ACHIEVEMENT OF MULTIPLE INDIVIDUAL AND GROUP PERFORMANCE MEASURES. MEASURES TO MONITOR PERFORMANCE INCLUDE: OPERATIONAL AND FINANCIAL STRENGTH, PATIENT QUALITY AND SAFETY, PATIENT SATISFACTION, ADVANCEMENT OF PATIENT CARE, AND PEOPLE DEVELOPMENT AND PARTNERSHIP. INCENTIVE AWARDS MAY ONLY BE GRANTED IF THE ORGANIZATION ACHIEVES A FINANCIAL SURPLUS. EVEN IF ALL RELEVANT PERFORMANCE MEASUREMENTS ARE ACHIEVED, THE NYP BOARD OF TRUSTEES RETAINS FULL DISCRETION TO MAKE OR NOT MAKE ANY INCENTIVE AWARDS, OR TO REDUCE THE AMOUNT OF ANY INCENTIVE AWARD. THIS INITIATIVE IS CRITICAL TO ASSURING THAT NYP HAS THE REQUISITE LEADERSHIP TO CREATE AND MANAGE A HIGHLY MOTIVATED AND ENGAGED WORKFORCE, TO DRIVE SUPERIOR PERFORMANCE THROUGHOUT THE ORGANIZATION AND TO ACHIEVE TOP TIER MEDICAL CENTER STATUS. AS A SEPARATE MATTER, DUE TO RESTRICTIONS IMPOSED BY THE INTERNAL REVENUE CODE, UPPER LEVEL EXECUTIVES ARE LIMITED IN THE AMOUNT OF BENEFITS RECEIVED UNDER A TAX-QUALIFIED RETIREMENT PLAN. LIKE MANY EMPLOYERS, NYP SUPPLEMENTS THESE EXECUTIVES' PENSION BENEFITS THROUGH A SUPPLEMENTAL ("NONQUALIFIED") RETIREMENT PLAN. THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) IS SUBJECT TO A MULTI-YEAR VESTING REQUIREMENT (COMMENCING) AFTER FIVE YEARS OF PARTICIPATION IN THE SERP, IN PRORATED AMOUNTS THROUGH AGE 65) WHICH PLACES AN EXECUTIVE'S SUPPLEMENTAL RETIREMENT BENEFIT AT RISK OF FORFEITURE IF THE VESTING REQUIREMENTS ARE NOT SATISFIED. ONCE VESTED, HOWEVER, PROVISIONS OF THE INTERNAL REVENUE CODE REQUIRE THAT THE VESTED EXECUTIVE INCLUDE IN CURRENT INCOME THE VALUE OF HIS OR HER VESTED SUPPLEMENTAL RETIREMENT BENEFIT. NOTWITHSTANDING THE LEGAL REQUIREMENT TO RECOGNIZE THE VESTED VALUE OF THE SUPPLEMENTAL RETIREMENT BENEFIT AS CURRENT INCOME, THE SUPPLEMENTAL RETIREMENT BENEFIT WILL NOT BE DISTRIBUTED TO THE EXECUTIVE UNTIL THE EXECUTIVE ACTUALLY RETIRES FROM NYP (ALTHOUGH, AS PERMITTED BY THE INTERNAL REVENUE CODE, THE SUPPLEMENTAL RETIREMENT PLAN WILL EFFECT A DISTRIBUTION OF AN AMOUNT NECESSARY TO SATISFY THE EXECUTIVE'S TAX LIABILITY RESULTING FROM THE INCOME RECOGNITION UPON VESTING). AS NOTED, THIS SUPPLEMENTAL RETIREMENT BENEFIT WILL NOT BE DISTRIBUTED TO THE EXECUTIVE UNTIL THE EXECUTIVE ACTUALLY RETIRES FROM NYP. THERE ARE CONSTANTLY CHANGING LEGAL, TAX, ACCOUNTING, AND PUBLIC DISCLOSURE RULES FOR A SERP (SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN) IN NOT-FOR-PROFIT ORGANIZATIONS. THE EXECUTIVE COMPENSATION COMMITTEE CONTINUOUSLY MONITORS THESE CHANGES AND INCORPORATES ANY CHANGES INTO THE OVERALL SERP PLAN DESIGN. AS IN PAST YEARS, THE EXECUTIVE COMPENSATION COMMITTEE OF NYP REQUIRES A THIRD PARTY TO COMPLETE A REVIEW OF THE ORGANIZATION'S COMPENSATION PROGRAM TO ENSURE ITS EFFECTIVENESS IN TERMS OF GOVERNMENT REGULATIONS, MARKET CONDITIONS AND THE NEED TO CONTINUALLY ELEVATE ORGANIZATIONAL PERFORMANCE. THE REPORT ALSO SERVES TO MEET THE REGULATORY OBLIGATIONS TO ENSURE THAT ALL ELEMENTS OF THE EXECUTIVE COMPENSATION PROGRAMS ARE REASONABLE. EACH OF THE OFFICERS AND KEY EMPLOYEES LISTED DEVOTES AN AVERAGE OF SIXTY HOURS PER WEEK TO PERFORM HIS OR HER RESPONSIBILITIES FOR THE REPORTING ENTITY AND OTHER RELATED ORGANIZATIONS IN THE AGGREGATE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • NYP PROGRAMS INC

    C Corporation · HEALTHCARE · NY · controlled entity

    Directly controlled by NYP FOUNDATION

  • NYP SERVICES INC

    C Corporation · HEALTHCARE · NY · controlled entity

    Directly controlled by NYP FOUNDATION

  • NEW YORK-PRESBYTERIAN GLOBAL INC

    C Corporation · INACTIVE · NY · controlled entity

    Directly controlled by NYP FOUNDATION

  • HARKNESS HALL CLUB INC

    C Corporation · INACTIVE · NY · 100% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by NYP HOSPITAL

  • VERNON HILLS MEDICAL PRACTICE PC

    C Corporation · INACTIVE · NY · 100% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by NYP HOSPITAL

  • NYP GLOBAL SERVICES INC

    C Corporation · INACTIVE · NY · controlled entity

    Directly controlled by NYP FUND INC

  • HUDSON VALLEY VENTURES INC

    C Corporation · INACTIVE · NY · controlled entity

    Directly controlled by WESTCHESTER PUT

  • AC VENTURES INC

    C Corporation · REAL ESTATE · NY · controlled entity

    Directly controlled by WESTCHESTER PUT

  • KNOWA VENTURES INC

    C Corporation · INACTIVE · NY · controlled entity

    Directly controlled by WESTCHESTER PUT

  • MSO OF KINGS COUNTY LLC

    C Corporation · EMPLOY/STAFFING · NY · 100% owned · share of income $624,650 · share of assets $74,840 · controlled entity

    Directly controlled by NYP Hospital

  • LC SERVICES CORPORATION

    C Corporation · INACTIVE · NY · controlled entity

    Directly controlled by LAWRENCE CARE

  • NETWORK INSURANCE COMPANY LTD

    C Corporation · REINSURANCE · BD

    Directly controlled by NYP SYSTEMS INC

  • CRT SURGICAL ASSOCIATES PC

    C Corporation · INACTIVE · NY · controlled entity

    Directly controlled by NYPQUEENS

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202413189349304986

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