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Nonprofiteer
← CARE CONTINUUM VENTURES INC

Form 990 for tax year 2024

Filed by CARE CONTINUUM VENTURES INC.

Totals

Total revenue
-$449,655
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
-$449,655
Other revenue
$0
Total assets, end of year
$4,777,192
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$4,777,192
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$0

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.

  • 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

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

    securities $449,655

  • 7c · Gain or loss

    securities -$449,655 · other assets $0

  • 7d · Net gain or loss

    total -$449,655 · related or exempt -$449,655

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

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

  • 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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $4,246,847 · end of year $4,777,192

  • 15 · Other assets

    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

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $4,246,847 · end of year $4,777,192

Mission and programs · 2024

Mission

SEE SCHEDULE O

Activities or mission (Part I)

TO PERFORM THE FUNCTIONS OF OR CARRY OUT THE CHARITABLE PURPOSES OF BETH ISRAEL MEDICAL CENTER, THE MOUNT SINAI HOSPITAL, THE NEW YORK EYE AND EAR INFIRMARY THE ST. LUKE'S-ROOSEVELT HOSPITAL CENTER, SOUTH NASSAU COMMUNITIES HOSPITAL, ICHAN SCHOOL OF MEDICINE AT MOUNT SINAI, AND ANY HOSPITALS THAT, IN THE FUTURE, BECOME MEMBERS OF THE HEALTH SYSTEM.

  • THE PRIMARY MISSION OF CARE CONTINUUM VENTURES, INC. IS TO PERFORM THE FUNCTIONS OF, OR CARRY OUT THE CHARITABLE PURPOSES OF BETH ISRAEL MEDICAL CENTER, THE MOUNT SINAI HOSPITAL, THE NEW YORK EYE AND EAR INFIRMARY, THE ST. LUKE'S-ROOSEVELT HOSPITAL CENTER, SOUTH NASSAU COMMUNITIES HOSPITAL, ICHAN SCHOOL OF MEDICINE AT MOUNT SINAI, AND ANY HOSPITALS THAT, IN THE FUTURE, BECOME MEMBERS OF THE HEALTH SYSTEM KNOWN AS THE MOUNT SINAI HEALTH SYSTEM.

    Revenue -$449,655

As filed on the 2024 return.

Listed in Part VII

  • David Reich MD

    DIRECTOR

    Total calculated
    $2,220,809
    From this org
    $0
    From related orgs
    $2,154,844
    Other
    $65,965
    Hours/week
    0.5 + 59.5 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

  • Margaret Pastuszko

    DIRECTOR

    Total calculated
    $2,362,925
    From this org
    $0
    From related orgs
    $2,290,081
    Other
    $72,844
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,750,000 related
    Bonus
    $0 + $410,375 related
    Other
    $0 + $129,706 related
    Deferred
    $0 + $34,500 related
    Nontaxable benefits
    $0 + $38,344 related
    Filer's total
    $0 + $2,362,925 related

  • Jeremy Boal MD

    FORMER DIRECTOR (END 12/23)

    Total calculated
    $1,852,841
    From this org
    $0
    From related orgs
    $1,795,629
    Other
    $57,212

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $1,795,629 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $57,212 related
    Filer's total
    $0 + $1,852,841 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

  • 4a · Severance or change-of-control payment

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
  • 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 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, INC. OTHER REPORTABLE COMPENSATION FOR OFFICERS AS IDENTIFIED IN THE FORM 990, PART VII, AND LISTED ON SCHEDULE J MAY INCLUDE VARIOUS TYPES OF SUPPLEMENTAL WAGES.
Schedule J, Part I, Line 4a Severance or change-of-control payment
JEREMY BOAL RECEIVED $1,795,629 OF SEVERANCE PAYMENTS DURING 2024.
Schedule J, Part I PART VII, SECTION A & SCHEDULE J COMPENSATION FOOTNOTES
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
2024
Filed
15 November 2025
IRS schema version
2024v5.1
Source object
202543199349302074

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