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Nonprofiteer
← MOUNT SINAI HOSPITAL INSURANCE TRUST NO 1

Form 990 for tax year 2022

Filed by MOUNT SINAI HOSPITAL INSURANCE TRUST NO 1.

Totals

Total revenue
$17,053,348
Total expenses
$14,778,176
Contributions and grants received
$0
Grants paid
$0
Program services expenses (Part IX)
$14,778,176
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$14,778,176

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ALEXANDER A MENDEZ

    EXECUTIVE VP/CFO

    Total calculated
    $1,438,123
    From this org
    $0
    From related orgs
    $1,344,342
    Other
    $93,781
    Hours/week
    0.5 + 60.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $686,702 related
    Bonus
    $0 + $294,116 related
    Other
    $0 + $363,524 related
    Deferred
    $0 + $54,850 related
    Nontaxable benefits
    $0 + $38,931 related
    Filer's total
    $0 + $1,438,123 related

  • ARNOLD JAFFEE

    SENIOR VP/GEN COUNSEL

    Total calculated
    $415,424
    From this org
    $0
    From related orgs
    $327,928
    Other
    $87,496
    Hours/week
    0.5 + 61 related

    Schedule J breakdown matched by us

    Base
    $0 + $244,522 related
    Bonus
    $0 + $60,000 related
    Other
    $0 + $23,406 related
    Deferred
    $0 + $47,850 related
    Nontaxable benefits
    $0 + $39,646 related
    Filer's total
    $0 + $415,424 related

  • GINO SANTORIO

    PRESIDENT/CEO

    Total calculated
    $1,767,744
    From this org
    $0
    From related orgs
    $1,697,116
    Other
    $70,628
    Hours/week
    1 + 60.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,464,761 related
    Bonus
    $0 + $218,750 related
    Other
    $0 + $13,605 related
    Deferred
    $0 + $27,850 related
    Nontaxable benefits
    $0 + $42,778 related
    Filer's total
    $0 + $1,767,744 related

  • TRUIST BANK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • STEVEN D SONENREICH

    FORMER PRESIDENT/CEO

    Total calculated
    $1,079,388
    From this org
    $0
    From related orgs
    $1,005,929
    Other
    $73,459
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $845,517 related
    Bonus
    $0
    Other
    $0 + $160,412 related
    Deferred
    $0 + $47,500 related
    Nontaxable benefits
    $0 + $25,959 related
    Filer's total
    $0 + $1,079,388 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 — 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
THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR ARE EMPLOYED BY MOUNT SINAI MEDICAL CENTER OF FLORIDA, INC. (EIN: 59-0624424), A RELATED PARTY WHICH IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS A RESULT, THE ORGANIZATION RELIED ON THE METHODS OF ESTABLISHING COMPENSATION USED BY MOUNT SINAI MEDICAL CENTER OF FLORIDA, INC. THE FOLLOWING METHODS WERE USED TO ESTABLISH SUCH COMPENSATION: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - WRITTEN EMPLOYMENT CONTRACT - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202323189349300707

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