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Nonprofiteer
← THE NEW YORK EYE AND EAR INFIRMARY

Form 990 for tax year 2024

Filed by THE NEW YORK EYE AND EAR INFIRMARY.

Totals

Total revenue
$112,583,464
Total expenses
$139,305,982
Contributions and grants received
$1,674,302
Grants paid
$1,292,000
Program service revenue
$103,193,239
Investment income
$3,332,396
Other revenue
$4,383,527
Total assets, end of year
$153,229,065
Total liabilities, end of year
$91,144,909
Net assets or fund balances, end of year
$62,084,156
Program services expenses (Part IX)
$124,371,954
Management and general expenses
$14,806,501
Fundraising expenses
$127,527
Program service expenses (Part III)
$124,371,954

Program services were 89.3% 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.

  • 1f · All other contributions, gifts and grants

    $1,674,302

  • 1g · Noncash contributions included above

    $12,060

  • 2a · Program service revenue: NET PATIENT SERVICES

    total $103,193,239 · related or exempt $103,193,239

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $476,807 · excluded $476,807

  • 6a · Gross rents

    real property $3,043,980

  • 6c · Rental income or loss

    real property $3,043,980 · personal property $0

  • 6d · Net rental income or loss

    total $3,043,980 · excluded $3,043,980

  • 7a · Gross sales of assets other than inventory

    securities $3,112,000

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

    securities $0

  • 7c · Gain or loss

    securities $3,112,000 · other assets $0

  • 7d · Net gain or loss

    total $2,855,589 · excluded $2,855,589

  • 11a · Other revenue: Other Physician Services

    total $1,013,946 · related or exempt $1,013,946

  • 11b · Other revenue: Cafeteria

    total $53,085 · related or exempt $53,085

  • 11c · Other revenue: Other

    total $272,516 · related or exempt $272,516

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $1,339,547

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,292,000 · program services $1,292,000

  • 5 · Compensation of officers, directors and key employees

    total $1,169,034 · program services $178,478 · management and general $980,805 · fundraising $9,751

  • 7 · Other salaries and wages

    total $47,942,966 · program services $42,119,414 · management and general $5,743,556 · fundraising $79,996

  • 8 · Pension plan contributions

    total $4,341,355 · program services $3,814,018 · management and general $520,093 · fundraising $7,244

  • 9 · Other employee benefits

    total $12,662,502 · program services $11,124,409 · management and general $1,516,965 · fundraising $21,128

  • 10 · Payroll taxes

    total $3,255,143 · program services $2,859,747 · management and general $389,965 · fundraising $5,431

  • 11a · Fees: management

    total $4,725,753 · program services $4,158,663 · management and general $567,090

  • 11b · Fees: legal

    total $325,362 · management and general $325,362

  • 11c · Fees: accounting

    total $317 · management and general $317

  • 11f · Fees: investment management

    total $9,283 · management and general $9,283

  • 11g · Fees: other

    total $12,466,614 · program services $10,819,774 · management and general $1,646,840 · fundraising $0

  • 12 · Advertising and promotion

    total $273,716 · program services $240,870 · management and general $32,846

  • 13 · Office expenses

    total $2,575,677 · program services $2,267,159 · management and general $308,510 · fundraising $8

  • 14 · Information technology

    total $2,298,006 · program services $2,018,871 · management and general $275,301 · fundraising $3,834

  • 16 · Occupancy

    total $6,489,323 · program services $5,710,604 · management and general $778,719

  • 17 · Travel

    total $80,843 · program services $71,023 · management and general $9,685 · fundraising $135

  • 19 · Conferences, conventions and meetings

    total $52,492 · program services $46,193 · management and general $6,299

  • 22 · Depreciation, depletion and amortization

    total $7,853,465 · program services $6,491,674 · management and general $1,361,791

  • 23 · Insurance

    total $2,339,151 · program services $2,058,453 · management and general $280,698

  • 24a · Other expenses: Supplies

    total $28,716,514 · program services $28,716,514

  • 24b · Other expenses: Dietary

    total $436,466 · program services $384,090 · management and general $52,376

  • 24e · All other expenses

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

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,805,291 · end of year $5,918,190

  • 3 · Pledges and grants receivable

    beginning of year $149,423 · end of year $149,423

  • 4 · Accounts receivable

    beginning of year $10,262,772 · end of year $12,008,090

  • 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 $3,394,086 · end of year $3,326,537

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

    $258,604,703

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

    $221,398,316

  • 10c · Land, buildings and equipment, net

    beginning of year $35,636,508 · end of year $37,206,387

  • 11 · Investments: publicly traded securities

    beginning of year $58,147,473 · end of year $65,285,989

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $31,805,619 · end of year $29,334,449

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,213,842 · end of year $16,144,634

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $47,559,821 · end of year $75,000,275

  • 27 · Net assets without donor restrictions

    beginning of year $61,380,554 · end of year $37,425,156

  • 28 · Net assets with donor restrictions

    beginning of year $25,046,955 · end of year $24,659,000

Mission and programs · 2024

Mission

TO PROVIDE PATIENT CARE AT THE HIGHEST QUALITY, MOST TECHNOLOGICALLY ADVANCED AND CONSISTENT MULTIDISCIPLINARY CARE IN AN ENVIRONMENT WHERE THE SAFETY, DIGNITY AND COMFORT OF EACH PATIENT ARE PARAMOUNT. IN DELIVERING PATIENT CARE, NEW YORK EYE AND EAR INFIRMARY WILL STRIVE TO PROVIDE AN ERROR-FREE ENVIRONMENT.

Activities or mission (Part I)

TO PROVIDE PATIENT CARE AT THE HIGHEST QUALITY, MOST TECHNOLOGICALLY ADVANCED AND CONSISTENT MULTIDISCIPLINARY CARE.

  • THE HIGHEST QUALITY, MOST TECHNOLOGICALLY ADVANCED AND CONSISTENT MULTIDISCIPLINARY CARE IN A SAFE AND COMFORTABLE ENVIRONMENT PROVIDING AN ONGOING SERIES OF LECTURES, SEMINARS AND HEALTH SCREENINGS; DEVELOPMENT OF HIGHLY QUALIFIED, WELL TRAINED PHYSICIANS/SURGEONS THROUGH PROGRAMS OF RESIDENCY TRAINING. NEW YORK EYE AND EAR INFIRMARY PROVIDED THE FOLLOWING SERVICES TO RESIDENTS OF ITS LOCAL COMMUNITY IN 2024: 304 INPATIENT DISCHARGES 14,529 AMBULATORY SURGERY VISITS 25,824 REFERRED AMBULATORY PROCEDURES INCLUDING 2,588 FOR THE SLEEP CENTERS AND 66,942 OUTPATIENT CLINIC VISITS. IN ADDITION, PLEASE REFERENCE WWW.NYEE.EDU FOR OUR CAPABILITIES REPORT AND COMMUNITY INFORMATION REPORT LOCATED UNDER THE GENERAL INFORMATION SECTION OF THE WEBSITE.

    Expenses $124,371,954 · Grants $1,292,000 · Revenue $104,532,786

As filed on the 2024 return.

Listed in Part VII

  • ANDREW SAUL

    VICE CHAIRMAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 17 related
  • BRAD KARP

    SECRETARY/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 16 related
  • DONALD J GOGEL

    VICE CHAIRMAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 16 related
  • ERIC MINDICH

    VICE CHAIRMAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 16 related
  • JAMES NEARY

    VICE CHAIRMAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 16 related
  • JAMES S TISCH

    CO-CHAIRMEN OF BOARD/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 16 related
  • JEFF T BLAU

    VICE CHAIRMAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 16 related
  • JOEL I PICKET

    VICE CHAIRMAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 16 related
  • JOEL S EHRENKRANZ

    VICE CHAIRMAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 16 related
  • JOHN A LEVIN

    VICE CHAIRMAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 16 related
  • JOHN B HESS

    VICE CHAIRMAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 16 related
  • JUDITH O RUBIN

    VICE CHAIRMAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 16 related
  • MICHAEL MINIKES

    VICE CHAIR/TRUSTEE/TREASURE

    Total calculated
    $0
    Hours/week
    2 + 22 related
  • RICHARD A FRIEDMAN

    CO-CHAIRMEN OF BOARD

    Total calculated
    $0
    Hours/week
    2 + 16 related
  • STEVEN HOCHBERG

    VICE CHAIRMAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 19 related
  • SUSAN R CULLMAN

    VICE CHAIRMAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 16 related
  • THOMAS W STRAUSS

    VICE CHAIRMAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 17 related
  • ANDREW M ALPER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 6 related
  • DAVID WINDREICH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 6 related
  • EDGAR M CULLMAN JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 5 related
  • ERIC FRIEDMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 7 related
  • FRANK BISIGNANO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 5 related
  • JAMES KEMPNER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 6 related
  • KENNETH DAVIS MD

    Trustee and Former Officer

    Total calculated
    $7,503,060
    From this org
    $88,860
    From related orgs
    $7,316,131
    Other
    $98,069
    Hours/week
    2 + 16 related

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $88,860 + $7,316,131 related
    Deferred
    $0
    Nontaxable benefits
    $1,177 + $96,892 related
    Filer's total
    $90,037 + $7,413,023 related
  • KIMBERLEY HARRIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 7 related
  • MARC S LIPSCHULTZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 6 related
  • ROBERT F SAVAGE JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 5 related
  • WILLIAM H WRIGHT II

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 6 related
  • BETH ESSIG ESQ

    EVP, GENERAL COUNSEL

    Total calculated
    $1,840,832
    From this org
    $21,393
    From related orgs
    $1,761,331
    Other
    $58,108
    Hours/week
    0.7 + 59.4 related

    Schedule J breakdown matched by us

    Base
    $16,200 + $1,333,800 related
    Bonus
    $3,799 + $312,776 related
    Other
    $1,394 + $114,755 related
    Deferred
    $414 + $34,086 related
    Nontaxable benefits
    $283 + $23,325 related
    Filer's total
    $22,090 + $1,818,742 related
  • BETH YAGODA

    EVP, System Chief Administrative Officer

    Total calculated
    $582,785
    From this org
    $6,688
    From related orgs
    $550,636
    Other
    $25,461
    Hours/week
    0.7 + 59.3 related

    Schedule J breakdown matched by us

    Base
    $5,100 + $419,900 related
    Bonus
    $1,196 + $98,466 related
    Other
    $392 + $32,270 related
    Deferred
    $277 + $22,796 related
    Nontaxable benefits
    $29 + $2,359 related
    Filer's total
    $6,994 + $575,791 related
  • BONNIE M DAVIS MD

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 16 related
  • Brendan Carr 1 MD

    CHIEF EXECUTIVE OFFICER (START 1/1/24)

    Total calculated
    $5,489,914
    From this org
    $65,309
    From related orgs
    $5,377,132
    Other
    $47,473
    Hours/week
    0.7 + 59.3 related

    Schedule J breakdown matched by us

    Base
    $48,121 + $3,961,932 related
    Bonus
    $12,840 + $1,057,160 related
    Other
    $4,348 + $358,040 related
    Deferred
    $414 + $34,086 related
    Nontaxable benefits
    $156 + $12,817 related
    Filer's total
    $65,879 + $5,424,035 related
  • CARL ICAHN

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 16 related
  • DAVID REICH MD

    SYSTEM CHIEF CLINICAL OFFICER

    Total calculated
    $2,220,809
    From this org
    $0
    From related orgs
    $2,154,844
    Other
    $65,965
    Hours/week
    0 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,700,000 related
    Bonus
    $0 + $300,160 related
    Other
    $0 + $154,684 related
    Deferred
    $0 + $34,500 related
    Nontaxable benefits
    $0 + $31,465 related
    Filer's total
    $0 + $2,220,809 related
  • DENNIS CHARNEY 1 MD

    PRESIDENT, ACADEMIC AFFAIRS

    Total calculated
    $2,636,248
    From this org
    $30,950
    From related orgs
    $2,548,241
    Other
    $57,057
    Hours/week
    0.7 + 59.3 related

    Schedule J breakdown matched by us

    Base
    $13,200 + $1,086,800 related
    Bonus
    $3,216 + $264,784 related
    Other
    $14,534 + $1,196,657 related
    Deferred
    $414 + $34,086 related
    Nontaxable benefits
    $271 + $22,286 related
    Filer's total
    $31,635 + $2,604,613 related
  • EMMA PALMER

    EVP, Chief of Staff & External Affairs

    Total calculated
    $862,567
    From this org
    $9,497
    From related orgs
    $781,912
    Other
    $71,158
    Hours/week
    0.7 + 59.3 related

    Schedule J breakdown matched by us

    Base
    $7,650 + $629,850 related
    Bonus
    $1,709 + $140,666 related
    Other
    $138 + $11,396 related
    Deferred
    $414 + $34,086 related
    Nontaxable benefits
    $440 + $36,218 related
    Filer's total
    $10,351 + $852,216 related
  • GLENN DUBIN

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 16 related
  • HAMILTON JAMES

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 16 related
  • HENRY R KRAVIS

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 16 related
  • HON ROBERT E RUBIN

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 16 related
  • JAMES TSAI MD

    PRESIDENT

    Total calculated
    $1,489,233
    From this org
    $850,798
    From related orgs
    $567,199
    Other
    $71,236
    Hours/week
    36 + 24 related

    Schedule J breakdown matched by us

    Base
    $540,000 + $360,000 related
    Bonus
    $126,630 + $84,420 related
    Other
    $184,168 + $122,779 related
    Deferred
    $20,700 + $13,800 related
    Nontaxable benefits
    $20,890 + $15,846 related
    Filer's total
    $892,388 + $596,845 related
  • JAMES W CRYSTAL

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 16 related
  • JEFFREY SILBERSTEIN

    EVP, SYSTEM CAO

    Total calculated
    $1,492,681
    From this org
    $8,739
    From related orgs
    $1,447,766
    Other
    $36,176
    Hours/week
    0.7 + 59.3 related

    Schedule J breakdown matched by us

    Base
    $6,192 + $1,025,808 related
    Bonus
    $1,407 + $233,093 related
    Other
    $1,140 + $188,865 related
    Deferred
    $207 + $34,293 related
    Nontaxable benefits
    $10 + $1,666 related
    Filer's total
    $8,956 + $1,483,725 related
  • KELLY CASSANO DO

    EVP, SYS AMBULATORY OPERATION

    Total calculated
    $1,240,197
    From this org
    $31,044
    From related orgs
    $1,161,803
    Other
    $47,350
    Hours/week
    1.6 + 58.4 related

    Schedule J breakdown matched by us

    Base
    $23,970 + $826,030 related
    Bonus
    $5,621 + $193,704 related
    Other
    $1,453 + $142,069 related
    Deferred
    $973 + $33,527 related
    Nontaxable benefits
    $362 + $12,488 related
    Filer's total
    $32,379 + $1,207,818 related
  • MARGARET PASTUSZKO

    System President & Chief Operating Officer

    Total calculated
    $2,362,925
    From this org
    $27,481
    From related orgs
    $2,262,600
    Other
    $72,844
    Hours/week
    0.7 + 59.4 related

    Schedule J breakdown matched by us

    Base
    $21,000 + $1,729,000 related
    Bonus
    $4,925 + $405,450 related
    Other
    $1,556 + $128,150 related
    Deferred
    $414 + $34,086 related
    Nontaxable benefits
    $460 + $37,884 related
    Filer's total
    $28,355 + $2,334,570 related
  • MICHAEL PASTIER

    SVP, CHIEF FINANCIAL OFFICER

    Total calculated
    $1,456,454
    From this org
    $25,721
    From related orgs
    $1,342,442
    Other
    $88,291
    Hours/week
    1.1 + 59 related

    Schedule J breakdown matched by us

    Base
    $17,484 + $912,516 related
    Bonus
    $2,834 + $147,916 related
    Other
    $5,403 + $282,010 related
    Deferred
    $649 + $33,851 related
    Nontaxable benefits
    $1,011 + $52,780 related
    Filer's total
    $27,381 + $1,429,073 related
  • STEPHEN HARVEY

    EVP, SYSTEM CFO (END 12/31/24)

    Total calculated
    $2,057,140
    From this org
    $23,665
    From related orgs
    $1,948,383
    Other
    $85,092
    Hours/week
    0.6 + 59.4 related

    Schedule J breakdown matched by us

    Base
    $14,400 + $1,185,600 related
    Bonus
    $4,080 + $335,945 related
    Other
    $5,185 + $426,838 related
    Deferred
    $396 + $34,104 related
    Nontaxable benefits
    $607 + $49,985 related
    Filer's total
    $24,668 + $2,032,472 related
  • VINCENT TAMMARO

    EVP, SYSTEM CFO (START 10/1/24)

    Total calculated
    $689,052
    From this org
    $8,149
    From related orgs
    $670,912
    Other
    $9,991
    Hours/week
    0.7 + 59.3 related

    Schedule J breakdown matched by us

    Base
    $5,850 + $481,650 related
    Bonus
    $1,463 + $120,412 related
    Other
    $836 + $68,850 related
    Deferred
    $0
    Nontaxable benefits
    $120 + $9,871 related
    Filer's total
    $8,269 + $680,783 related
  • FRANK CINO

    SVP, SYSTEM CHIEF RISK OFFICER

    Total calculated
    $807,419
    From this org
    $8,968
    From related orgs
    $738,361
    Other
    $60,090
    Hours/week
    0.7 + 59.3 related

    Schedule J breakdown matched by us

    Base
    $7,200 + $592,800 related
    Bonus
    $1,447 + $119,153 related
    Other
    $321 + $26,408 related
    Deferred
    $414 + $34,086 related
    Nontaxable benefits
    $307 + $25,283 related
    Filer's total
    $9,689 + $797,730 related
  • Aleksandr Lemberskiy

    CT Technologist

    Total calculated
    $189,037
    From this org
    $189,037
    From related orgs
    $0
    Other
    $0
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $111,644
    Bonus
    $0
    Other
    $77,393
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $189,037
  • Eugene Harrison

    Associate Director

    Total calculated
    $210,632
    From this org
    $187,676
    From related orgs
    $0
    Other
    $22,956
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $180,959
    Bonus
    $6,475
    Other
    $242
    Deferred
    $10,062
    Nontaxable benefits
    $12,894
    Filer's total
    $210,632
  • KULWANTI BHAGWANDIN

    Senior Nurse Manager

    Total calculated
    $395,465
    From this org
    $360,885
    From related orgs
    $0
    Other
    $34,580
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $172,524
    Bonus
    $1,340
    Other
    $187,021
    Deferred
    $10,795
    Nontaxable benefits
    $23,785
    Filer's total
    $395,465
  • Oh Jung

    Registered Professional Nurse

    Total calculated
    $179,994
    From this org
    $174,724
    From related orgs
    $0
    Other
    $5,270
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $123,393
    Bonus
    $0
    Other
    $51,331
    Deferred
    $0
    Nontaxable benefits
    $5,270
    Filer's total
    $179,994
  • Pedro Vasquez

    Certified Surgical Technician

    Total calculated
    $180,069
    From this org
    $177,969
    From related orgs
    $0
    Other
    $2,100
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $105,771
    Bonus
    $0
    Other
    $72,198
    Deferred
    $0
    Nontaxable benefits
    $2,100
    Filer's total
    $180,069
  • BURTON P DRAYER

    FORMER OFFICER

    Total calculated
    $310,000
    From this org
    $0
    From related orgs
    $310,000
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $75,000 related
    Bonus
    $0
    Other
    $0 + $235,000 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $310,000 related
  • JEREMY BOAL MD

    Former officer

    Total calculated
    $1,852,841
    From this org
    $21,548
    From related orgs
    $1,774,081
    Other
    $57,212
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $21,548 + $1,774,081 related
    Deferred
    $0
    Nontaxable benefits
    $687 + $56,525 related
    Filer's total
    $22,235 + $1,830,606 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
  • 6a · Pay contingent on this organization's net earnings
  • 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
  • 5b · Pay contingent on a related organization's revenues
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 4a Severance or change-of-control payment
DR. JEREMY BOAL RECEIVED $1,795,629 OF SEVERANCE PAYMENTS DURING 2024. DR. KENNETH DAVIS RECEIVED $7,404,991 OF SEVERANCE PAYMENTS DURING 2024.
Schedule J, Part I, Line 6a Compensation contingent on net earnings of the organization
THE MOUNT SINAI HOSPITAL, A RELATED ORGANIZATION, ANSWERED YES TO QUESTIONS 6A AND 6B IN SCHEDULE J AS THE INSTITUTION UTILIZES AN INCENTIVE BASED BONUS PROGRAM FOR CERTAIN EMPLOYEES, INCLUDING SEVERAL OF THOSE EMPLOYEES LISTED IN SCHEDULE J. NET EARNINGS IS ONE OF SEVERAL METRICS UTILIZED BY THE INSTITUTION IN THE ANNUAL BONUS CALCULATION. OTHER METRICS UTILIZED IN THE INCENTIVE COMPENSATION MODEL INCLUDE THE ORGANIZATION'S PERFORMANCE ON THE JCAHO HOSPITAL CORE MEASURES, PATIENT SATISFACTION SCORES, AND OTHER ORGANIZATIONAL GOALS SUCH AS LENGTH OF STAY INITIATIVES. INDIVIDUALS THAT HAVE RESPONSIBILITIES IN RELATED ORGANIZATIONS TO THE HOSPITAL MAY HAVE INCENTIVES BASED ON THE PERFORMANCE OF THESE ORGANIZATIONS AS WELL AS THAT OF THE HOSPITAL. ORGANIZATIONS TO THE HOSPITAL MAY HAVE INCENTIVES BASED ON THE PERFORMANCE OF THESE ORGANIZATIONS AS WELL AS THAT OF THE HOSPITAL.
Schedule J, Part I, Line 6b Compensation contingent on net earnings of a related organization
THE HOSPITAL MAY HAVE INCENTIVES BASED ON THE PERFORMANCE OF THESE ORGANIZATIONS AS WELL AS THAT OF THE HOSPITAL.
Schedule J, Part I SECTION A
Dr. Davis receives no compensation for his service as a trustee. Reported amounts represent severance related to his prior role as Chief Executive Officer.
Schedule J, Part III
OFFICERS OF THE BOARD OF TRUSTEES HOURS REFLECT SERVICE TO ALL RELATED ORGANIZATIONS OF MOUNT SINAI HEALTH SYSTEM, INC. (1) EMPLOYEE HAS AN OUTSTANDING LOAN REFLECTED IN SCHEDULE L, PART II OF THE ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI FORM 990. 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.

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 corporations and trusts

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

Provenance

Return type
form_990
Tax year
2024
Filed
15 November 2025
IRS schema version
2024v5.1
Source object
202513199349303051

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