Skip to content
Nonprofiteer
← MT SINAI HEALTH CARE FOUNDATION

Form 990 for tax year 2022

Filed by MT SINAI HEALTH CARE FOUNDATION.

Totals

Total revenue
$2,656,320
Total expenses
$9,744,684
Contributions and grants received
$1,597,904
Grants paid
$7,851,180
Program service revenue
$0
Investment income
$1,058,416
Other revenue
$0
Total assets, end of year
$173,642,018
Total liabilities, end of year
$14,504,306
Net assets or fund balances, end of year
$159,137,712
Program services expenses (Part IX)
$9,029,673
Management and general expenses
$715,011
Fundraising expenses
$0
Program service expenses (Part III)
$9,029,673

Program services were 92.7% 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.

  • 1d · Related organizations

    $14,307

  • 1f · All other contributions, gifts and grants

    $1,583,597

  • 3 · Investment income

    total $2,886,797 · excluded $2,886,797

  • 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

  • 7a · Gross sales of assets other than inventory

    securities $32,522,737

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

    securities $34,351,118

  • 7c · Gain or loss

    securities -$1,828,381

  • 7d · Net gain or loss

    total -$1,828,381 · excluded -$1,828,381

  • 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

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,851,180 · program services $7,851,180

  • 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 $565,207 · program services $467,843 · management and general $97,364

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $427,131 · program services $307,534 · management and general $119,597

  • 8 · Pension plan contributions

    total $74,486 · program services $53,630 · management and general $20,856

  • 9 · Other employee benefits

    total $123,682 · program services $89,051 · management and general $34,631

  • 10 · Payroll taxes

    total $60,484 · program services $47,177 · management and general $13,307

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $2,931 · program services $2,110 · management and general $821

  • 11c · Fees: accounting

    total $48,043 · management and general $48,043

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $256,726 · management and general $256,726

  • 11g · Fees: other

    total $95,511 · program services $38,850 · management and general $56,661

  • 12 · Advertising and promotion

    total $270 · program services $194 · management and general $76

  • 13 · Office expenses

    total $22,318 · program services $16,069 · management and general $6,249

  • 14 · Information technology

    total $27,921 · program services $20,103 · management and general $7,818

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $51,494 · program services $37,076 · management and general $14,418

  • 17 · Travel

    total $21,182 · program services $15,251 · management and general $5,931

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $7,738 · program services $5,571 · management and general $2,167

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $44,251 · program services $31,861 · management and general $12,390

  • 23 · Insurance

    total $9,430 · program services $6,790 · management and general $2,640

  • 24a · Other expenses: ANNUAL MEETING

    total $37,778 · program services $27,200 · management and general $10,578

  • 24b · Other expenses: MEMBERSHIPS/PUBLICATIONS

    total $12,538 · program services $9,027 · management and general $3,511

  • 24c · Other expenses: BOARD EXPENSE

    total $4,383 · program services $3,156 · management and general $1,227

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,003,571 · end of year $88,016

  • 2 · Savings and temporary cash investments

    beginning of year $12,483,242 · end of year $10,576,644

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $4,644,281 · end of year $2,273,828

  • 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 $12,239

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

    $700,440

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

    $236,389

  • 10c · Land, buildings and equipment, net

    beginning of year $506,582 · end of year $464,051

  • 11 · Investments: publicly traded securities

    beginning of year $102,114,186 · end of year $106,073,648

  • 12 · Investments: other securities

    beginning of year $47,233,208 · end of year $53,237,363

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $416,950 · end of year $916,229

  • 17 · Accounts payable and accrued expenses

    beginning of year $462,325 · end of year $493,257

  • 18 · Grants payable

    beginning of year $7,100,251 · end of year $6,175,212

  • 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 $11,029,013 · end of year $7,341,123

  • 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 $494,714

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $67,186,822 · end of year $68,346,183

  • 28 · Net assets with donor restrictions

    beginning of year $82,623,609 · end of year $90,791,529

Mission and programs · 2022

Mission

TO SUPPORT THE JEWISH FEDERATION OF CLEVELAND BY ASSISTING GREATER CLEVELAND'S ORGANIZATIONS AND LEADERS TO IMPROVE THE HEALTH AND WELL BEING OF THE JEWISH AND GENERAL COMMUNITIES NOW AND FOR THE GENERATIONS TO FOLLOW.

Activities or mission (Part I)

HEALTH GRANT MAKER AND SUPPORTING ORGANIZATION TO THE JEWISH FEDERATION OF CLEVELAND (THE FEDERATION).

  • TO ENGAGE IN GRANT MAKING TO SUPPORT AND CARRY OUT THE PURPOSES OF THE JEWISH FEDERATION OF CLEVELAND, BY ENCOURAGING ACTIVITIES DESIGNED TO IMPROVE THE HEALTH STATUS OF THE RESIDENTS OF GREATER CLEVELAND, OH.

    Expenses $9,029,673 · Grants $7,851,180

As filed on the 2022 return.

Listed in Part VII

  • MITCHELL BALK

    PRESIDENT

    Total calculated
    $440,342
    From this org
    $372,346
    From related orgs
    $0
    Other
    $67,996
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $347,335
    Bonus
    $25,011
    Other
    $0
    Deferred
    $44,440
    Nontaxable benefits
    $23,556
    Filer's total
    $440,342

  • DAN COHN

    VICE PRESIDENT

    Total calculated
    $186,095
    From this org
    $167,525
    From related orgs
    $0
    Other
    $18,570
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,275
    Bonus
    $12,250
    Other
    $0
    Deferred
    $12,375
    Nontaxable benefits
    $6,195
    Filer's total
    $186,095

  • IRA C KAPLAN

    CHAIR

    Total calculated
    $0
    Hours/week
    8 + 0.6 related

  • JAMES A RATNER

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    2 + 0.8 related

  • BETH D ROSENBERG

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    2 + 0.7 related

  • J DAVID HELLER

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 1.2 related

  • JEREMY A PARIS

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • THOMAS W ADLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 0.3 related

  • RICHARD J BOGOMOLNY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BETH W BRANDON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1.6 related

  • SCOTT S COWEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CHERYL L DAVIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1.1 related

  • PETER GOLDEN JR MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KENNETH G HOCHMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 0.3 related

  • STEVE HOFFMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 0.8 related

  • SUSAN HURWITZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1.6 related

  • SHLOMO KOYFMAN MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • INDIA PIERCE LEE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MAIRELY LUENGO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 0.7 related

  • DARRELL L MCNAIR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • AMY MAIN MORGENSTERN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1.8 related

  • AUGUST NAPOLI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ALAN ROSSKAMM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 0.3 related

  • MARCY L SCHWARTZ MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 0.8 related

  • WALTER S SCHWARTZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SCOTT M SIMON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1.6 related

  • JEANNE K TOBIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1.2 related

  • JUDGE DAN A POLSTER

    LIFE DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1.8 related

  • SUSAN RATNER

    LIFE DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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 4B:
MITCHELL BALK HAS $16,500 CONTRIBUTED BY THE FOUNDATION INTO HIS DEFFERED COMPENSATION ACCOUNT.

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

The 10 largest by cash amount. The API serves every itemized grant.

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • CLEVELAND FEDERATION PE I LLC

    EXCLUDED FROM TAX · INVESTMENTS · OH · 15% owned · share of income $728,704 · share of assets $4,122,348

    Directly controlled by SEE PART VII

  • CLEVELAND FEDERATION PE II LLC

    EXCLUDED FROM TAX · INVESTMENTS · OH · 12.57% owned · share of income $11,199 · share of assets $4,682,801

    Directly controlled by SEE PART VII

Provenance

Return type
form_990
Tax year
2022
Filed
10 April 2024
IRS schema version
2022v5.0
Source object
202431219349302113

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.