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← MOUNT SINAI HOSPITAL FOUNDATION INC

Form 990 for tax year 2023

Filed by MOUNT SINAI HOSPITAL FOUNDATION INC.

Totals

Total revenue
$239,930
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$239,930
Total assets, end of year
$3,595,824
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$3,595,824
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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.

  • 6a · Gross rents

    real property $527,425

  • 6b · Less rental expenses

    real property $287,495

  • 6c · Rental income or loss

    real property $239,930

  • 6d · Net rental income or loss

    total $239,930 · excluded $239,930

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,021 · end of year $0

  • 4 · Accounts receivable

    beginning of year $829,983 · end of year $1,070,934

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

    $8,721,844

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

    $6,196,954

  • 10c · Land, buildings and equipment, net

    beginning of year $2,524,890 · end of year $2,524,890

  • 27 · Net assets without donor restrictions

    beginning of year $3,355,894 · end of year $3,595,824

Mission and programs · 2023

Mission

WE, MOUNT SINAI HOSPITAL FOUNDATION, INC. TRINITY HEALTH OF NEW ENGLAND CORPORATION, INC. AND TRINITY HEALTH, SERVE TOGETHER IN THE SPIRIT OF THE GOSPEL AS A COMPASSIONATE AND TRANSFORMING HEALING PRESENCE WITHIN OUR COMMUNITIES.

Activities or mission (Part I)

OWN AND OPERATE HEALTH CENTER (SEE SCHEDULE O)THE FOUNDATION'S PRIMARY PURPOSE IS TO SUPPORT HEALTH CENTER SAINT FRANCIS HOSPITAL AND MEDICAL CENTER BY OWNING AND RENTING A HEALTH CENTER WHICH IS OPEN TO THE PUBLIC, PRIMARILY FOR LOW AND MODERATE INCOME RESIDENTS OF HARTFORD, CONNECTICUT.

  • THE FOUNDATION'S PRIMARY PURPOSE IS TO SUPPORT SAINT FRANCIS HOSPITAL AND MEDICAL CENTER BY OWNING AND RENTING A HEALTH CENTER WHICH IS OPEN TO THE PUBLIC, PRIMARILY FOR LOW AND MODERATE INCOME RESIDENTS OF HARTFORD, CONNECTICUT.

As filed on the 2023 return.

Listed in Part VII

  • HENRY S SCHERER JR

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • ROBERT B BRUNER

    PRESIDENT (UNTIL 2/2024)

    Total calculated
    $0
    Hours/week
    2

  • SAMUEL P COOLEY

    DIRECTOR (UNTIL 7/2024)

    Total calculated
    $0
    Hours/week
    2

  • MONTEZ CARTER

    PRESIDENT/CEO

    Total calculated
    $1,638,045
    From this org
    $0
    From related orgs
    $1,367,293
    Other
    $270,752
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $820,976 related
    Bonus
    $0 + $371,250 related
    Other
    $0 + $175,067 related
    Deferred
    $0 + $233,475 related
    Nontaxable benefits
    $0 + $37,277 related
    Filer's total
    $0 + $1,638,045 related

  • JENNIFER SCHNEIDER

    FORMER CFO

    Total calculated
    $966,813
    From this org
    $0
    From related orgs
    $578,473
    Other
    $388,340
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $321,533 related
    Bonus
    $0 + $105,570 related
    Other
    $0 + $151,370 related
    Deferred
    $0 + $352,675 related
    Nontaxable benefits
    $0 + $35,665 related
    Filer's total
    $0 + $966,813 related

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
A RELATED ORGANIZATION USED THE FOLLOWING METHODS TO DETERMINE COMPENSATION: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS - WRITTEN EMPLOYMENT CONTRACT - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
PART I, LINE 4A-B:
THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE PAYMENTS IN CALENDAR 2023. THESE AMOUNTS ARE INCLUDED IN COLUMN B(III) OF SCHEDULE J, PART II: JENNIFER SCHNEIDER - $89,329 IN ADDITION, COLUMN C OF SCHEDULE J, PART II INCLUDES THE FOLLOWING SEVERANCE AMOUNT, WHICH WAS UNPAID AS OF 12/31/23: JENNIFER SCHNEIDER - $337,825 (PAID IN 2024) THE FOLLOWING ARE PARTICIPANTS IN A TRINITY HEALTH SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) IN 2023. THE PLAN PROVIDES RETIREMENT BENEFITS TO CERTAIN TRINITY HEALTH EXECUTIVES SUBJECT TO MEETING SPECIFIED VESTING AND EMPLOYMENT DATE REQUIREMENTS. PARTICIPANTS' VESTED BENEFITS WERE PAID OUT IN 2023, AND THEIR NON-VESTED BENEFITS FOR 2023 WERE ACCRUED. THE FOLLOWING PAYOUTS FOR 2023 FOR THE PLAN ARE INCLUDED IN COLUMN B(III) OF SCHEDULE J, PART II: MONTEZ CARTER - $73,923 JENNIFER SCHNEIDER - $50,566 COLUMN F OF SCHEDULE J, PART II INCLUDES THE PORTION OF THESE AMOUNTS THAT WERE REPORTED AS DEFERRED COMPENSATION IN PRIOR YEARS. THE FOLLOWING ACCRUALS FOR 2023 ARE INCLUDED IN COLUMN C OF SCHEDULE J, PART II: MONTEZ CARTER - $213,675

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

No itemized grants to organizations on this return.

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2023
Filed
13 August 2025
IRS schema version
2023v6.0
Source object
202532259349302818

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