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Nonprofiteer
← HOSPITAL FOR SPECIAL SURGERY FUND INC

Form 990 for tax year 2024

Filed by HOSPITAL FOR SPECIAL SURGERY FUND INC.

Totals

Total revenue
$34,292,189
Total expenses
$20,172,666
Contributions and grants received
$16,093,066
Grants paid
$4,780,088
Program service revenue
$11,774,202
Investment income
$8,897,029
Other revenue
-$2,472,108
Total assets, end of year
$158,548,598
Total liabilities, end of year
$37,857,905
Net assets or fund balances, end of year
$120,690,693
Program services expenses (Part IX)
$4,780,088
Management and general expenses
$2,379,807
Fundraising expenses
$13,012,771
Program service expenses (Part III)
$4,780,088

Program services were 23.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Bryan T Kelly

    President & CEO

    Total calculated
    $5,329,588
    From this org
    $784,443
    From related orgs
    $4,445,178
    Other
    $99,967
    Hours/week
    9 + 51 related

    Schedule J breakdown matched by us

    Base
    $405,479 + $2,297,715 related
    Bonus
    $366,889 + $2,079,036 related
    Other
    $12,075 + $68,427 related
    Deferred
    $4,658 + $26,393 related
    Nontaxable benefits
    $10,337 + $58,579 related
    Filer's total
    $799,438 + $4,530,150 related

  • Louis A Shapiro-Thru 2023

    Former President & CEO

    Total calculated
    $3,428,637
    From this org
    $0
    From related orgs
    $3,428,637
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0 + $1,260,000 related
    Other
    $0 + $2,168,637 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $3,428,637 related

  • Stacey L Malakoff

    EVP & Chief Financial Officer

    Total calculated
    $2,964,817
    From this org
    $86,162
    From related orgs
    $2,785,932
    Other
    $92,723
    Hours/week
    1.8 + 58.2 related

    Schedule J breakdown matched by us

    Base
    $47,499 + $1,535,811 related
    Bonus
    $35,231 + $1,139,140 related
    Other
    $3,432 + $110,981 related
    Deferred
    $932 + $30,119 related
    Nontaxable benefits
    $1,850 + $59,822 related
    Filer's total
    $88,944 + $2,875,873 related

  • Irene Koch

    EVP & Chief Legal Officer

    Total calculated
    $1,419,397
    From this org
    $68,644
    From related orgs
    $1,304,257
    Other
    $46,496
    Hours/week
    3 + 57 related

    Schedule J breakdown matched by us

    Base
    $42,943 + $815,923 related
    Bonus
    $23,780 + $451,826 related
    Other
    $1,921 + $36,508 related
    Deferred
    $1,294 + $24,581 related
    Nontaxable benefits
    $1,031 + $19,590 related
    Filer's total
    $70,969 + $1,348,428 related

  • Catherine Callagy

    SVP & Chief Develop. Officer

    Total calculated
    $1,178,095
    From this org
    $1,096,680
    From related orgs
    $0
    Other
    $81,415
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $570,421
    Bonus
    $459,914
    Other
    $66,345
    Deferred
    $25,875
    Nontaxable benefits
    $55,540
    Filer's total
    $1,178,095

  • Stavros Memtsoudis-JOIN 2024

    Member/Anesthesiologist

    Total calculated
    $672,928
    From this org
    $0
    From related orgs
    $590,658
    Other
    $82,270
    Hours/week
    0.2 + 28.45 related

    Schedule J breakdown matched by us

    Base
    $0 + $561,633 related
    Bonus
    $0 + $20,000 related
    Other
    $0 + $9,025 related
    Deferred
    $0 + $31,050 related
    Nontaxable benefits
    $0 + $51,220 related
    Filer's total
    $0 + $672,928 related

  • Andy Miller

    Member/Attending Physician

    Total calculated
    $590,717
    From this org
    $0
    From related orgs
    $555,487
    Other
    $35,230
    Hours/week
    0.2 + 49.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $485,170 related
    Bonus
    $0
    Other
    $0 + $70,317 related
    Deferred
    $0 + $31,050 related
    Nontaxable benefits
    $0 + $4,180 related
    Filer's total
    $0 + $590,717 related

  • Holly J Menzie

    VP, Development

    Total calculated
    $518,914
    From this org
    $467,704
    From related orgs
    $0
    Other
    $51,210
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $338,811
    Bonus
    $105,320
    Other
    $23,573
    Deferred
    $25,875
    Nontaxable benefits
    $25,335
    Filer's total
    $518,914

  • Caroline Hastings

    Assistant VP, Development

    Total calculated
    $435,918
    From this org
    $358,109
    From related orgs
    $0
    Other
    $77,809
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $272,662
    Bonus
    $85,000
    Other
    $447
    Deferred
    $22,154
    Nontaxable benefits
    $55,655
    Filer's total
    $435,918

  • Alessandra T Garber

    Assistant VP, Development

    Total calculated
    $363,988
    From this org
    $329,314
    From related orgs
    $0
    Other
    $34,674
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $230,576
    Bonus
    $98,404
    Other
    $334
    Deferred
    $17,146
    Nontaxable benefits
    $17,528
    Filer's total
    $363,988

  • Ryan Bagley

    Assistant VP, Development

    Total calculated
    $344,458
    From this org
    $317,057
    From related orgs
    $0
    Other
    $27,401
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $290,860
    Bonus
    $25,901
    Other
    $296
    Deferred
    $22,201
    Nontaxable benefits
    $5,200
    Filer's total
    $344,458

  • Benjamin Neihart

    Exec Dir, Development

    Total calculated
    $323,731
    From this org
    $209,332
    From related orgs
    $69,778
    Other
    $44,621
    Hours/week
    45 + 15 related

    Schedule J breakdown matched by us

    Base
    $201,547 + $67,182 related
    Bonus
    $6,440 + $2,147 related
    Other
    $1,345 + $449 related
    Deferred
    $16,418 + $5,473 related
    Nontaxable benefits
    $17,047 + $5,683 related
    Filer's total
    $242,797 + $80,934 related

  • Andrew A Sama

    Member/Attending Physician

    Total calculated
    $248,846
    From this org
    $0
    From related orgs
    $163,533
    Other
    $85,313
    Hours/week
    0.2 + 21.4 related

    Schedule J breakdown matched by us

    Base
    $0 + $163,144 related
    Bonus
    $0
    Other
    $0 + $389 related
    Deferred
    $0 + $17,100 related
    Nontaxable benefits
    $0 + $68,213 related
    Filer's total
    $0 + $248,846 related

  • Patty Baker

    Member-Joined BOT 2024

    Total calculated
    $0
    Hours/week
    0.07 + 0.67 related

  • Daniel C Benton

    Member

    Total calculated
    $0
    Hours/week
    0.25 + 2.26 related

  • Herbert Black

    Member

    Total calculated
    $0
    Hours/week
    0.12 + 1.1 related

  • Michael C Brooks

    Member

    Total calculated
    $0
    Hours/week
    0.19 + 1.67 related

  • Kathryn Chenault

    Member

    Total calculated
    $0
    Hours/week
    0.14 + 1.27 related

  • Charles Coleman III

    Member

    Total calculated
    $0
    Hours/week
    0.16 + 1.39 related

  • Leslie Cornfeld

    Member

    Total calculated
    $0
    Hours/week
    0.2 + 1.76 related

  • Cynthia Foster Curry

    Member

    Total calculated
    $0
    Hours/week
    0.18 + 1.57 related

  • Anthony de Nicola

    Member

    Total calculated
    $0
    Hours/week
    0.18 + 1.58 related

  • James G Dinan

    Member

    Total calculated
    $0
    Hours/week
    0.19 + 1.74 related

  • Anne Ehrenkranz

    Member

    Total calculated
    $0
    Hours/week
    0.19 + 1.72 related

  • Michael Esposito

    Vice Chair

    Total calculated
    $0
    Hours/week
    0.4 + 3.56 related

  • Wayne AI Frederick

    Member

    Total calculated
    $0
    Hours/week
    0.15 + 1.37 related

  • Marina Kellen French

    Member

    Total calculated
    $0
    Hours/week
    0.18 + 1.63 related

  • Giammaria Giuliani

    Member

    Total calculated
    $0
    Hours/week
    0.22 + 1.93 related

  • Robert Goldstein

    Member

    Total calculated
    $0
    Hours/week
    0.14 + 1.27 related

  • Warren B Kanders

    Member

    Total calculated
    $0
    Hours/week
    0.16 + 1.45 related

  • Scott Kapnick

    Member

    Total calculated
    $0
    Hours/week
    0.2 + 1.77 related

  • Monica Keany

    Vice Chair

    Total calculated
    $0
    Hours/week
    0.68 + 6.07 related

  • Sacha Lainovic

    Member

    Total calculated
    $0
    Hours/week
    0.31 + 2.83 related

  • Richard Landgarten

    Member-Join BOT 2024

    Total calculated
    $0
    Hours/week
    0.02 + 0.17 related

  • Laurie Hodges Lapeyre

    Vice Chair

    Total calculated
    $0
    Hours/week
    0.67 + 5.99 related

  • Pablo Legorreta

    Member

    Total calculated
    $0
    Hours/week
    0.1 + 0.93 related

  • Lara R Lerner

    Member

    Total calculated
    $0
    Hours/week
    0.27 + 2.43 related

  • Kathy Leventhal

    Member

    Total calculated
    $0
    Hours/week
    0.19 + 1.67 related

  • Thomas H Lister

    Co-Chair

    Total calculated
    $0
    Hours/week
    2.12 + 19.06 related

  • Patrice Louvet

    Member

    Total calculated
    $0
    Hours/week
    0.17 + 1.51 related

  • Alan S MacDonald

    Member

    Total calculated
    $0
    Hours/week
    0.04 + 0.35 related

  • Celene Menschel

    Member

    Total calculated
    $0
    Hours/week
    0.19 + 1.67 related

  • Sarah E Nash

    Member

    Total calculated
    $0
    Hours/week
    0.12 + 1.12 related

  • Mary Kathryn Navab

    Member

    Total calculated
    $0
    Hours/week
    0.22 + 2.02 related

  • Terence M O'Toole

    Vice Chair

    Total calculated
    $0
    Hours/week
    0.5 + 4.46 related

  • Matthew H Peltz

    Member

    Total calculated
    $0
    Hours/week
    0.11 + 0.97 related

  • Steven Rattner

    Member

    Total calculated
    $0
    Hours/week
    0.17 + 1.48 related

  • Scott Rechler

    Member

    Total calculated
    $0
    Hours/week
    0.24 + 2.12 related

  • Edward Skyler

    Member

    Total calculated
    $0
    Hours/week
    0.15 + 1.31 related

  • Nicholas Somers

    Member-Join BOT 2024

    Total calculated
    $0
    Hours/week
    0.04 + 0.4 related

  • Jonathan Sobel

    Member

    Total calculated
    $0
    Hours/week
    0.21 + 1.9 related

  • Deirdre Stanley

    Member

    Total calculated
    $0
    Hours/week
    0.16 + 1.46 related

  • Robert K Steel

    Co-Chair

    Total calculated
    $0
    Hours/week
    1.57 + 14.1 related

  • Jonathan Tisch

    Member

    Total calculated
    $0
    Hours/week
    0.17 + 1.57 related

  • Frances Townsend

    Member

    Total calculated
    $0
    Hours/week
    0.11 + 1.01 related

  • Robin Vince

    Member

    Total calculated
    $0
    Hours/week
    0.12 + 1.1 related

  • Jeffrey Wilpon

    Member

    Total calculated
    $0
    Hours/week
    0.23 + 2.03 related

  • Ellen M Wright

    Member

    Total calculated
    $0
    Hours/week
    0.22 + 1.95 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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 5b · Pay contingent on a related organization's revenues
  • 6b · Pay contingent on a related organization's net earnings

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 6a · Pay contingent on this 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 4A
Louis A. Shapiro, Former President & Chief Executive Officer, received severance pay of $2,100,000, which are included in Schedule J, Part II, Column (B)(III). Severance payments began January 2024 and ended December 2024.
SCHEDULE J, PART I, LINE 5B
CERTAIN EMPLOYED PHYSICIANS LISTED ON PART VII, SECTION A, LINE 1A RECEIVE COMPENSATION IN PART, BASED ON PROFESSIONAL SERVICE REVENUE GENERATED FROM SERVICES THEY PERSONALLY PERFORMED IN THEIR INDIVIDUAL PRACTICES. IN 2024, NO PHYSICIAN WAS PAID COMPENSATION CONTINGENT UPON ORGANIZATION'S OVERALL REVENUE OR NET EARNINGS.
SCHEDULE J, PART I, LINE 6B
PERFORMANCE BASED INCENTIVE AWARDS ARE PAID TO OFFICERS AND KEY EMPLOYEES BASED ON A NUMBER OF IMPORTANT QUALITY, SATISFACTION EFFICIENCY, AND FINANCIAL MEASURES, OF WHICH ACHIEVING BUDGET IS A FACTOR.

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

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.

  • MEDICAL INDEMNITY ASSURANCE COMPANY LTD

    C corp · self-indemnity · CJ · 100% owned · share of income $42,443,930 · share of assets $177,627,629 · controlled entity

    Directly controlled by HSS FUND INC

  • HSS VENTURES

    C corp · hlth care service · NY · 100% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by HSS FUND INC

  • CHARITABLE REMAINDER TRUSTS (4)

    Trust · INVEST/CHARITy · NY

    Directly controlled by NA

  • POOLED INCOME FUND (1)

    Trust · INVEST/CHARITy · NY

    Directly controlled by NA

  • CHARITABLE GIFT ANNUITY (6)

    Trust · INVEST/CHARITy · NY

    Directly controlled by NA

  • CHARITABLE TRUST (3)

    Trust · INVEST/CHARITy

    Directly controlled by NA

  • HSS Physicians PA

    C corp · Medical Billing · NJ

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202513199349300701

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