Form 990 for tax year 2022
Filed by MALMONIDES RESEARCH AND DEVELOPMENT FOUNDATION.
Totals
- Total revenue
- $1,561,943
- Total expenses
- $854,686
- Contributions and grants received
- $10,000
- Grants paid
- $435,702
- Program services expenses (Part IX)
- $656,652
- Management and general expenses
- $198,034
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $656,652
Program services were 76.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
Patrick Borgen MD
PRESIDENT/MEDICAL DIR
- Total calculated
- $2,047,709
- From this org
- $0
- From related orgs
- $1,989,629
- Other
- $58,080
- Hours/week
- 0.5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $1,967,580 related
- Bonus
- $0
- Other
- $0 + $22,049 related
- Deferred
- $0 + $22,875 related
- Nontaxable benefits
- $0 + $35,205 related
- Filer's total
- $0 + $2,047,709 related
-
Kenneth Gibbs
DIRECTOR
- Total calculated
- $1,810,033
- From this org
- $0
- From related orgs
- $1,760,796
- Other
- $49,237
- Hours/week
- 0.5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $1,259,307 related
- Bonus
- $0
- Other
- $0 + $501,489 related
- Deferred
- $0 + $22,875 related
- Nontaxable benefits
- $0 + $26,362 related
- Filer's total
- $0 + $1,810,033 related
-
John Marshall MD
DIRECTOR
- Total calculated
- $1,201,127
- From this org
- $0
- From related orgs
- $1,141,922
- Other
- $59,205
- Hours/week
- 0.5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $1,027,648 related
- Bonus
- $0 + $62,500 related
- Other
- $0 + $51,774 related
- Deferred
- $0 + $22,875 related
- Nontaxable benefits
- $0 + $36,330 related
- Filer's total
- $0 + $1,201,127 related
-
David Cohen MD
DIRECTOR
- Total calculated
- $982,853
- From this org
- $0
- From related orgs
- $943,736
- Other
- $39,117
- Hours/week
- 0.5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $724,696 related
- Bonus
- $0
- Other
- $0 + $219,040 related
- Deferred
- $0 + $22,875 related
- Nontaxable benefits
- $0 + $16,242 related
- Filer's total
- $0 + $982,853 related
-
Laurie Weinstein
SECRETARY
- Total calculated
- $978,367
- From this org
- $0
- From related orgs
- $929,129
- Other
- $49,238
- Hours/week
- 0.5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $568,721 related
- Bonus
- $0 + $187,500 related
- Other
- $0 + $172,908 related
- Deferred
- $0 + $22,875 related
- Nontaxable benefits
- $0 + $26,363 related
- Filer's total
- $0 + $978,367 related
-
Anthony Kalloo MD
DIRECTOR
- Total calculated
- $860,382
- From this org
- $0
- From related orgs
- $825,315
- Other
- $35,067
- Hours/week
- 0.5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $726,243 related
- Bonus
- $0 + $75,000 related
- Other
- $0 + $24,072 related
- Deferred
- $0 + $22,875 related
- Nontaxable benefits
- $0 + $12,192 related
- Filer's total
- $0 + $860,382 related
-
Harry Adler MD
DIRECTOR
- Total calculated
- $829,050
- From this org
- $0
- From related orgs
- $781,062
- Other
- $47,988
- Hours/week
- 0.5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $759,771 related
- Bonus
- $0
- Other
- $0 + $21,291 related
- Deferred
- $0 + $22,875 related
- Nontaxable benefits
- $0 + $25,113 related
- Filer's total
- $0 + $829,050 related
-
Afshin Razi MD
DIRECTOR
- Total calculated
- $685,868
- From this org
- $0
- From related orgs
- $625,038
- Other
- $60,830
- Hours/week
- 0.5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $563,986 related
- Bonus
- $0 + $40,000 related
- Other
- $0 + $21,052 related
- Deferred
- $0 + $22,875 related
- Nontaxable benefits
- $0 + $37,955 related
- Filer's total
- $0 + $685,868 related
-
Jeffrey Avner MD
DIRECTOR
- Total calculated
- $642,362
- From this org
- $0
- From related orgs
- $595,514
- Other
- $46,848
- Hours/week
- 0.5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $522,638 related
- Bonus
- $0 + $50,000 related
- Other
- $0 + $22,876 related
- Deferred
- $0 + $22,875 related
- Nontaxable benefits
- $0 + $23,973 related
- Filer's total
- $0 + $642,362 related
-
Ariel Schulman MD
DIRECTOR
- Total calculated
- $527,406
- From this org
- $0
- From related orgs
- $494,989
- Other
- $32,417
- Hours/week
- 0.5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $474,249 related
- Bonus
- $0
- Other
- $0 + $20,740 related
- Deferred
- $0 + $22,875 related
- Nontaxable benefits
- $0 + $9,542 related
- Filer's total
- $0 + $527,406 related
-
Sergei Motov MD
DIRECTOR
- Total calculated
- $473,388
- From this org
- $0
- From related orgs
- $415,308
- Other
- $58,080
- Hours/week
- 0.5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $414,948 related
- Bonus
- $0
- Other
- $0 + $360 related
- Deferred
- $0 + $22,875 related
- Nontaxable benefits
- $0 + $35,205 related
- Filer's total
- $0 + $473,388 related
-
Edmund Schmidt
DIRECTOR
- Total calculated
- $369,766
- From this org
- $0
- From related orgs
- $308,986
- Other
- $60,780
- Hours/week
- 0.5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $292,979 related
- Bonus
- $0
- Other
- $0 + $16,007 related
- Deferred
- $0 + $22,875 related
- Nontaxable benefits
- $0 + $37,905 related
- Filer's total
- $0 + $369,766 related
-
Monica Ghitan MD
DIRECTOR
- Total calculated
- $325,008
- From this org
- $0
- From related orgs
- $267,946
- Other
- $57,062
- Hours/week
- 0.5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $266,914 related
- Bonus
- $0
- Other
- $0 + $1,032 related
- Deferred
- $0 + $21,857 related
- Nontaxable benefits
- $0 + $35,205 related
- Filer's total
- $0 + $325,008 related
-
Yu Shai Lin MD
DIRECTOR
- Total calculated
- $296,891
- From this org
- $0
- From related orgs
- $236,591
- Other
- $60,300
- Hours/week
- 0.5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $236,039 related
- Bonus
- $0
- Other
- $0 + $552 related
- Deferred
- $0 + $22,875 related
- Nontaxable benefits
- $0 + $37,425 related
- Filer's total
- $0 + $296,891 related
-
Edward Fitzpatrick MD
DIRECTOR THRU 6/30/22
- Total calculated
- $254,772
- From this org
- $0
- From related orgs
- $254,772
- Other
- $0
- Hours/week
- 0.5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $254,772 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $254,772 related
-
Joyce Leahy
FORMER DIRECTOR/OFFICER
- Total calculated
- $195,741
- From this org
- $0
- From related orgs
- $192,622
- Other
- $3,119
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $0 + $192,622 related
- Deferred
- $0
- Nontaxable benefits
- $0 + $3,119 related
- Filer's total
- $0 + $195,741 related
-
Steven Eisenstadt
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0.5
-
Robert Machinist
Vice President
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Donna Astion MD
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Marvin Eisenstadt
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jacob Solome MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Chaskie Rosenberg
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
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
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 6b · Pay contingent on a related organization's net earnings
Answered no
- 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
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- SCHEDULE J SUPPLEMENTAL INFORMATION
- PART I, LINE 4A - OF THE LISTED PERSONS IN FORM 990 PART VII, SECTION A, THE FOLLOWING INDIVIDUAL RECEIVED SEVERANCE PAY DURING CALENDAR YEAR 2022: JOYCE LEAHY $152,394 Maimonides Research and Development Foundation did not pay severance. The severance was paid by Maimonides Medical Center, the related organization. PART I, LINE 4B - THE FOLLOWING PERSONS PARTICIPATED IN A 457(F) SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: DAVID COHEN, KENNETH GIBBS, JOHN MARSHALL, LAURIE WEINSTEIN, JOYCE LEAHY AND EDMUND SCHMIDT THE MAIMONIDES MEDICAL CENTER SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN FOR CHIEF EXECUTIVE OFFICER AND EXECUTIVE VICE PRESIDENTS (THE "SERP PLAN"), AS AMENDED FROM TIME TO TIME, WAS EFFECTIVE AS OF JANUARY 1, 2012. TO PARTICIPATE, AN EMPLOYEE MUST HOLD THE TITLE OF CEO OR EVP, BE A KEY EMPLOYEE WITHIN THE MEANING OF THE INTERNAL REVENUE CODE AND BE DESIGNATED AS A PARTICIPANT BY THE COMPENSATION COMMITTEE OF THE BOARD. THE SERP PLAN PROVIDES FOR AN ANNUAL EMPLOYER ACCRUED CONTRIBUTION OF 20% OF BASE SALARY FOR THAT CALENDAR YEAR INCLUDING INTEREST OF 4.5%. THE PARTICIPANT MUST BE AN ELIGIBLE EMPLOYEE ON THE LAST DAY OF THE CALENDAR YEAR TO ACCRUE THE CONTRIBUTION FOR THAT YEAR. THE SERP PLAN PROVIDES THAT THE MEDICAL CENTER'S COMPENSATION COMMITTEE MAY APPROVE AN ANNUAL SUPPLEMENTAL SERP CONTRIBUTION FOR THE CEO UP TO 10% OF BASE SALARY FOR EACH PLAN YEAR AFTER 2017. THE COMPENSATION COMMITTEE APPROVED A SUPPLEMENTAL 10% CONTRIBUTION FOR THE CEO FOR THE YEARS 2018 THROUGH 2022. IN ACCORDANCE WITH TERMS OF THE SERP PLAN, VESTED BENEFITS WERE PAID OUT IN 2022 TO THE FOLLOWING PARTICIPANTS. KENNETH GIBBS - $398,380 DAVID COHEN - $157,334 LAURIE WEINSTEIN - $125,400 THE AMOUNT OF SUPPLEMENTAL NONQUALIFIED DEFERRED COMPENSATION IS INCLUDED IN THE COMPENSATION AMOUNT DISCLOSED IN PART II, COLUMN (B)(III). THE COMPENSATION COMMITTEE OF THE BOARD REVIEWED AND APPROVED ALL PAYMENTS IN ADVANCEAND CONDUCTED ITS REVIEW AND APPROVAL PROCESS IN A MANNER INTENDED TO QUALIFY FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER SECTION 4958 OF THE INTERNAL REVENUE CODE. Maimonides Research and Development Foundation did not pay compensation or benefits. The compensation or benefits were paid by Maimonides Medical Center, the related organization. PART I, LINE 6B - THE RELATED ORGANIZATION PAYS, PURSUANT TO INDIVIDUAL EMPLOYMENT CONTRACT AGREEMENTS, A PORTION OF FACULTY PRACTICE EARNINGS, NET OF EXPENSES.
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
-
$435,702
MEDICAL RESEARCH
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.
-
501(C)(3) · HOSPITAL · NY
Directly controlled by MHRI
-
MAIMONIDES HEALTH RESOURCES INC
501(C)(3) · SUPPORT ORG · NY
Directly controlled by NA
-
NEW YORK COMMUNITY HOSPITAL OF BROOKLYN
501(C)(3) · HOSPITAL · NY
Directly controlled by MMC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 9 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323179349309377
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