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Nonprofiteer
← MOUNT SINAI AMBULATORY VENTURES INC

Form 990 for tax year 2023

Filed by MOUNT SINAI AMBULATORY VENTURES INC.

Totals

Total revenue
$4,609,587
Total expenses
$7,428
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$4,608,618
Investment income
$0
Other revenue
$969
Total assets, end of year
$66,184,339
Total liabilities, end of year
$124
Net assets or fund balances, end of year
$66,184,215
Program services expenses (Part IX)
$7,428
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$7,428

Program services were 100.0% 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.

  • 2a · Program service revenue: JOINT VENTURE REVENUE

    total $4,608,618 · related or exempt $4,608,618

  • 2f · All other program service revenue

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

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11a · Other revenue: MISCELLANEOUS

    total $969 · excluded $969

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $969

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $2,141 · program services $2,141

  • 22 · Depreciation, depletion and amortization

    total $2,227 · program services $2,227

  • 24a · Other expenses: Other Services

    total $3,060 · program services $3,060

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 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

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

    $846,739

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

    $825,548

  • 10c · Land, buildings and equipment, net

    beginning of year $23,418 · end of year $21,191

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $1,875,874 · end of year $1,875,874

  • 15 · Other assets

    beginning of year $59,687,646 · end of year $64,287,274

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,882 · end of year $124

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $61,582,056 · end of year $66,184,215

Mission and programs · 2023

Mission

Mount Sinai Ambulatory Ventures, Inc. is formed, and shall be operated, exclusively for the charitable purposes of benefitting, supporting and furthering the charitable, scientific, research and educational purposes of The Mount Sinai Hospital, Beth Israel Medical Center, The St. Luke's Roosevelt Hospital Center, and The New York Eye and Ear Infirmary (the "Hospitals"), and the Icahn School of Medicine at Mount Sinai (the "School").

Activities or mission (Part I)

THE PURPOSE OF MOUNT SINAI AMBULATORY VENTURES, INC IS TO OPERATE, MANAGE, OR OTHERWISE ADMINISTER, ONE OR MORE DIAGNOSTIC & TREATMENT CENTERS THROUGHOUT THE NY METRO AREA.

  • MOUNT SINAI AMBULATORY VENTURES, INC. PARTICIPATES IN SEVERAL JOINT VENTURES THAT OPERATE FREE STANDING AMBULATORY CARE FACILITIES.

    Expenses $7,428 · Revenue $4,609,587

As filed on the 2023 return.

Listed in Part VII

  • Brent Stackhouse

    TRUSTEE/PRESIDENT

    Total calculated
    $444,438
    From this org
    $0
    From related orgs
    $405,607
    Other
    $38,831
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $350,000 related
    Bonus
    $0 + $52,579 related
    Other
    $0 + $3,028 related
    Deferred
    $0 + $26,400 related
    Nontaxable benefits
    $0 + $12,431 related
    Filer's total
    $0 + $444,438 related

  • Kelly Cassano

    TRUSTEE/CHAIRMAN

    Total calculated
    $1,267,329
    From this org
    $0
    From related orgs
    $1,222,124
    Other
    $45,205
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $850,000 related
    Bonus
    $0 + $229,075 related
    Other
    $0 + $143,049 related
    Deferred
    $0 + $33,000 related
    Nontaxable benefits
    $0 + $12,205 related
    Filer's total
    $0 + $1,267,329 related

  • Michael Pastier

    TRUSTEE/TREASURER

    Total calculated
    $1,473,210
    From this org
    $0
    From related orgs
    $1,389,710
    Other
    $83,500
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $930,000 related
    Bonus
    $0 + $173,250 related
    Other
    $0 + $286,460 related
    Deferred
    $0 + $33,000 related
    Nontaxable benefits
    $0 + $50,500 related
    Filer's total
    $0 + $1,473,210 related

  • Denise B Prince

    TRUSTEE

    Total calculated
    $596,131
    From this org
    $0
    From related orgs
    $551,232
    Other
    $44,899
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $394,000 related
    Bonus
    $0 + $75,845 related
    Other
    $0 + $81,387 related
    Deferred
    $0 + $33,000 related
    Nontaxable benefits
    $0 + $11,899 related
    Filer's total
    $0 + $596,131 related

  • Jodi Cohen

    TRUSTEE

    Total calculated
    $980,168
    From this org
    $0
    From related orgs
    $904,146
    Other
    $76,022
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $715,000 related
    Bonus
    $0 + $165,165 related
    Other
    $0 + $23,981 related
    Deferred
    $0 + $33,000 related
    Nontaxable benefits
    $0 + $43,022 related
    Filer's total
    $0 + $980,168 related

  • Vicki Lopachin MD

    TRUSTEE

    Total calculated
    $1,238,566
    From this org
    $0
    From related orgs
    $1,185,535
    Other
    $53,031
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $900,000 related
    Bonus
    $0 + $207,900 related
    Other
    $0 + $77,635 related
    Deferred
    $0 + $33,000 related
    Nontaxable benefits
    $0 + $20,031 related
    Filer's total
    $0 + $1,238,566 related

  • Christopher Considine

    SECRETARY

    Total calculated
    $618,278
    From this org
    $0
    From related orgs
    $557,785
    Other
    $60,493
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $500,000 related
    Bonus
    $0 + $46,200 related
    Other
    $0 + $11,585 related
    Deferred
    $0 + $26,400 related
    Nontaxable benefits
    $0 + $34,093 related
    Filer's total
    $0 + $618,278 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)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE FOLLOWING METHODS ARE USED BY A RELATED ORGANIZATION TO ESTABLISH COMPENSATION OF THE LISTED OFFICERS/TRUSTEES: A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. SUPPLEMENTAL INFORMATION COMPENSATION FOOTNOTES: OFFICERS OF THE BOARD OF TRUSTEES HOURS REFLECT SERVICE TO ALL RELATED ORGANIZATIONS OF MOUNT SINAI HEALTH SYSTEM. OTHER REPORTABLE COMPENSATION FOR OFFICERS, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES AS IDENTIFIED IN THE FORM 990, PART VII, AND LISTED ON SCHEDULE J MAY INCLUDE VARIOUS TYPES OF SUPPLEMENTAL WAGES.
Schedule J, Part I PART VII, SECTION A & SCHEDULE J
(1) COMPENSATION AND BENEFITS ARE FUNDED FROM THE MOUNT SINAI HOSPITAL, ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI, BETH ISRAEL MEDICAL CENTER, ST. LUKE'S-ROOSEVELT HOSPITAL CENTER, AND/OR NEW YORK EYE AND EAR INFIRMARY.

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 corporations and trusts

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

  • Manhattan Management Services

    C Corporation · MGMT SERVICES · NY

    Directly controlled by SLR

  • SLR Management Services

    C Corporation · MGMT SERVICES · NY

    Directly controlled by SLR

  • MOUNT SINAI HC VENTURES INC

    C Corporation · HEALTH CARE · NY

    Directly controlled by BIMC HOLDCO

  • MSHS VACCINE COMPANY

    C Corporation · CLINICAL LAB · NY

    Directly controlled by ISMMS

  • KANTARO BIOSCIENCES LLC

    C Corporation · CLINICAL LAB · NY

    Directly controlled by ISMMS

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202423169349306242

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