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Nonprofiteer
← MOUNT SINAI AMBULATORY VENTURES INC

Form 990 for tax year 2022

Filed by MOUNT SINAI AMBULATORY VENTURES INC.

Totals

Total revenue
$3,511,541
Total expenses
$4,431
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$3,509,793
Investment income
$0
Other revenue
$1,748
Total assets, end of year
$61,586,938
Total liabilities, end of year
$4,882
Net assets or fund balances, end of year
$61,582,056
Program services expenses (Part IX)
$4,431
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$4,431

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 $3,509,793 · related or exempt $3,509,793

  • 3 · Investment income

    total $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: MISCELLANEOUS

    total $1,748 · excluded $1,748

  • 11e · Other revenue, total

    $1,748

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $2,204 · program services $2,204

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

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

  • 23 · Insurance

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 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

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $1,107,161

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

    $1,083,743

  • 10c · Land, buildings and equipment, net

    beginning of year $25,646 · end of year $23,418

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

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

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $56,178,308 · end of year $59,687,646

  • 17 · Accounts payable and accrued expenses

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

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 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 $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    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 $58,074,946 · end of year $61,582,056

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

MOUNT SINAI AMBULATORY VENTURES, INC. WILL INVEST IN NEW, EXISTING, AND START-UP HEALTHCARE BUSINESSES THAT ARE FOCUSED ON POPULATION HEALTH MANAGEMENT. KEY CRITERIA FOR ASSESSING SUCH OPPORTUNITIES WILL BE THEIR ABILITY TO IMPROVE THE QUALITY OF CARE, DRIVE DOWN THE COST OF DELIVERING MEDICAL CARE, AND EXPAND AND IMPROVE THE ACCESS TO SERVICES FOR POPULATIONS WHICH HAVE BEEN HISTORICALLY DENIED SUCH EQUALITY.

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 $4,431 · Revenue $3,511,541

As filed on the 2022 return.

Listed in Part VII

  • Michael Pastier

    TRUSTEE/TREASURER

    Total calculated
    $1,512,622
    From this org
    $0
    From related orgs
    $1,431,552
    Other
    $81,070
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $930,000 related
    Bonus
    $0 + $209,925 related
    Other
    $0 + $291,627 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $50,570 related
    Filer's total
    $0 + $1,512,622 related

  • Kelly Cassano

    TRUSTEE/CHAIRMAN

    Total calculated
    $1,315,503
    From this org
    $0
    From related orgs
    $1,273,624
    Other
    $41,879
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $850,000 related
    Bonus
    $0 + $277,588 related
    Other
    $0 + $146,036 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $11,379 related
    Filer's total
    $0 + $1,315,503 related

  • Vicki Lopachin MD 1

    TRUSTEE

    Total calculated
    $1,285,012
    From this org
    $0
    From related orgs
    $1,230,747
    Other
    $54,265
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $900,000 related
    Bonus
    $0 + $251,910 related
    Other
    $0 + $78,837 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $23,765 related
    Filer's total
    $0 + $1,285,012 related

  • Jodi Cohen

    TRUSTEE

    Total calculated
    $876,688
    From this org
    $0
    From related orgs
    $812,074
    Other
    $64,614
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $700,000 related
    Bonus
    $0 + $108,924 related
    Other
    $0 + $3,150 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $34,114 related
    Filer's total
    $0 + $876,688 related

  • Denise B Prince

    TRUSTEE

    Total calculated
    $761,460
    From this org
    $0
    From related orgs
    $719,792
    Other
    $41,668
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $525,000 related
    Bonus
    $0 + $122,456 related
    Other
    $0 + $72,336 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $11,168 related
    Filer's total
    $0 + $761,460 related

  • Christopher Considine

    SECRETARY

    Total calculated
    $597,996
    From this org
    $0
    From related orgs
    $541,863
    Other
    $56,133
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $475,000 related
    Bonus
    $0 + $53,181 related
    Other
    $0 + $13,682 related
    Deferred
    $0 + $24,400 related
    Nontaxable benefits
    $0 + $31,733 related
    Filer's total
    $0 + $597,996 related

  • Brent Stackhouse 1

    TRUSTEE/PRESIDENT

    Total calculated
    $453,783
    From this org
    $0
    From related orgs
    $419,533
    Other
    $34,250
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $350,000 related
    Bonus
    $0 + $65,162 related
    Other
    $0 + $4,371 related
    Deferred
    $0 + $24,400 related
    Nontaxable benefits
    $0 + $9,850 related
    Filer's total
    $0 + $453,783 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 - METHODS TO ESTABLISH COMPENSATION BY RELATED ORGANIZATION
THE FOLLOWING METHODS ARE USED BY A RELATED ORGANIZATION TO ESTABLISH COMPENSATION OF THE CEO/EXECUTIVE DIRECTOR: 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.
PART VII, SECTION A & SCHEDULE J
COMPENSATION FOOTNOTES (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 · MGMT SERVICES · NY

    Directly controlled by SLR

  • SLR MANAGEMENT SERVICES

    C · MGMT SERVICES · NY

    Directly controlled by SLR

  • MOUNT SINAI HC VENTURES INC

    C · HEALTH CARE M · NY

    Directly controlled by BIMC HOLDCO

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202323189349306327

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