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Nonprofiteer
← MOUNT SINAI CHILDRENS CENTER FOUNDATION INC

Form 990 for tax year 2024

Filed by MOUNT SINAI CHILDRENS CENTER FOUNDATION INC.

Totals

Total revenue
$779,031
Total expenses
$658,609
Contributions and grants received
$939,905
Grants paid
$407,944
Program service revenue
$0
Investment income
$0
Other revenue
-$160,874
Total assets, end of year
$1,752,854
Total liabilities, end of year
$460,823
Net assets or fund balances, end of year
$1,292,031
Program services expenses (Part IX)
$658,609
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$658,609

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.

  • 1c · Fundraising events

    $767,122

  • 1f · All other contributions, gifts and grants

    $172,783

  • 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

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: gross income

    $29,600

  • 8a · Fundraising events: contributions included on line 1c

    $767,122

  • 8b · Fundraising events: direct expenses

    $190,474

  • 8c · Net income from fundraising events

    total -$160,874 · excluded -$160,874

  • 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.

  • 1 · Grants to domestic organizations and governments

    total $407,944 · program services $407,944

  • 7 · Other salaries and wages

    total $190,855 · program services $190,855

  • 8 · Pension plan contributions

    total $13,694 · program services $13,694

  • 9 · Other employee benefits

    total $26,965 · program services $26,965

  • 10 · Payroll taxes

    total $19,151 · program services $19,151

  • 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.

  • 2 · Savings and temporary cash investments

    beginning of year $1,668,832 · end of year $1,752,854

  • 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 $0

  • 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 $497,223 · end of year $460,823

  • 27 · Net assets without donor restrictions

    beginning of year $1,171,609 · end of year $1,292,031

Mission and programs · 2024

Mission

FUNDING OF SPECIAL PROGRAMS FOR THE DEPARTMENT OF PEDIATRICS AT THE ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI.

  • FUNDING OF SPECIAL PROGRAMS FOR THE DEPARTMENT OF PEDIATRICS AT THE ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI AND THE MOUNT SINAI KRAVIS CHILDREN'S HOSPITAL UNDER THE MOUNT SINAI HEALTH SYSTEM, INCLUDING NON-HOSPITAL RELATED EQUIPMENT, RESEARCH, AMENITIES AND CHILD LIFE SERVICES.

    Expenses $658,609 · Grants $407,944

As filed on the 2024 return.

Listed in Part VII

  • Michael S Gross

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Vicki Panzier Gross

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Barry Joyce Cohen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Chris Mongeluzo Mark Zeller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Frederique Raymond Svider

    DIRECTOR (RESIGNED MAY 2024)

    Total calculated
    $0
    Hours/week
    0.5

  • Ira Jody Schwartz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jennifer Stan Parker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jonathan Elizabeth Lewinsohn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Madi Rothenberg and Ivan Karpov

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Marc Carolyn Rowan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Mark Jill Rachesky

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Nancy Chemtob

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Purnima Puri Rich Barrera

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Rebecca David Zwillinger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Samantha Igal Zakuto

    DIRECTOR (AS OF JAN 2024)

    Total calculated
    $0
    Hours/week
    0.5

  • Stuart Pamela Rothenberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Lisa Satlin 1

    PRES/CHAIR OF PEDS

    Total calculated
    $831,355
    From this org
    $0
    From related orgs
    $798,871
    Other
    $32,484
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $316,627 related
    Bonus
    $0
    Other
    $0 + $482,244 related
    Deferred
    $0 + $21,210 related
    Nontaxable benefits
    $0 + $11,274 related
    Filer's total
    $0 + $831,355 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)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE MOUNT SINAI HOSPITAL, A RELATED ORGANIZATION, ESTABLISHES EXECUTIVE COMPENSATION BY UTILIZING THE FOLLOWING METHODS: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEYS/STUDIES, AND APPROVAL BY THE BOARD/COMPENSATION COMMITTEE.
Schedule J, Part I PART VII, SECTION A & SCHEDULE J
COMPENSATION FOOTNOTES OFFICERS OF THE BOARDS OF TRUSTEES HOURS REFLECT SERVICE TO ALL RELATED ORGANIZATIONS OF MOUNT SINAI HEALTH SYSTEM, INC. (1)COMPENSATION AND BENEFITS ARE FUNDED FROM ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI. 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.
Schedule J, Part I LINES 6A & 6B
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.

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.

  • 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

    C Corporation · HEALTH CARE MGMT · NY

    Directly controlled by BIMC HOLDCO

  • MSHS VACCINE COMPANY dba CastleVax

    C Corporation · CLINICAL LAB · DE

    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
202503199349302215

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