Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $44,713,516

• 1g · Noncash contributions included above

  $29,170

• 3 · Investment income

  total $5,839,817 · excluded $5,839,817

• 7a · Gross sales of assets other than inventory

  securities $60,609,223

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

  securities $63,414,967

• 7c · Gain or loss

  securities -$2,805,744

• 7d · Net gain or loss

  total -$2,805,744 · excluded -$2,805,744

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $9,839,390 · program services $9,839,390

• 2 · Grants to domestic individuals

  total $48,000 · program services $48,000

• 5 · Compensation of officers, directors and key employees

  total $628,721 · program services $41,871 · management and general $586,850

• 7 · Other salaries and wages

  total $1,155,020 · program services $745,133 · fundraising $409,887

• 9 · Other employee benefits

  total $245,807 · program services $137,843 · management and general $49,653 · fundraising $58,311

• 11b · Fees: legal

  total $43,655 · management and general $43,655

• 11c · Fees: accounting

  total $104,750 · management and general $104,750

• 12 · Advertising and promotion

  total $5,782 · program services $2,096 · management and general $2,891 · fundraising $795

• 13 · Office expenses

  total $41,413 · program services $15,012 · management and general $20,707 · fundraising $5,694

• 23 · Insurance

  total $159,621 · management and general $159,621

• 24a · Other expenses: BAD DEBT EXPENSE

  total $2,614,707 · program services $2,614,707

• 24b · Other expenses: CONSULTING AGREEMENTS

  total $375,636 · program services $136,168 · management and general $187,818 · fundraising $51,650

• 24c · Other expenses: BROCHURES

  total $28,526 · program services $10,341 · management and general $14,263 · fundraising $3,922

• 24d · Other expenses: FOOD & ENTERTAINMENT

  total -$2,192 · program services -$492 · management and general -$1,800 · fundraising $100

• 24e · All other expenses

  total $384,091 · program services $89,837 · management and general $265,625 · fundraising $28,629

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $6,109,720 · end of year $5,794,447

• 3 · Pledges and grants receivable

  beginning of year $118,906,938 · end of year $139,840,119

• 7 · Other notes and loans receivable

  beginning of year $32,741,417 · end of year $30,920,903

• 9 · Prepaid expenses and deferred charges

  beginning of year $0 · end of year $645

• 11 · Investments: publicly traded securities

  beginning of year $217,492,998 · end of year $215,702,732

• 13 · Investments: program-related

  beginning of year $31,206 · end of year $31,206

• 15 · Other assets

  beginning of year $6,591,552 · end of year $5,381,706

• 17 · Accounts payable and accrued expenses

  beginning of year $371,380 · end of year $175,950

• 19 · Deferred revenue

  beginning of year $49,267 · end of year $2,000,000

• 25 · Other liabilities

  beginning of year $0 · end of year $345,503

• 27 · Net assets without donor restrictions

  beginning of year $197,644,184 · end of year $192,476,000

• 28 · Net assets with donor restrictions

  beginning of year $183,809,000 · end of year $202,674,305

The filer's explanations (Part III)

PART I, LINE 1A

GROSS-UP PAYMENTS FOR DISABILITY INSURANCE POLICIES AND LIFE INSURANCE POLICIES WERE PROVIDED TO ONE OFFICER. SUCH AMOUNTS WERE TREATED AS TAXABLE COMPENSATION AND INCLUDED IN THE W-2 WAGES FOR SUCH EMPLOYEES.

PART I, LINE 1B

THE DECISION-MAKING PROCESS FOR THE GROSS-UP PAYMENTS MADE PURSUANT TO THE LIFE INSURANCE AND DISABILITY POLICIES FOLLOWED THE SAME COMPENSATION PROCESS OUTLINED IN THE DISCLOSURE FOR FORM 990, PART VI, LINE 15, INCLUDING APPROVAL BY THE COMPENSATION COMMITTEE AND REVIEW BY AN INDEPENDENT CONSULTANT. APPROVAL FOR THE GROSS-UP PAYMENTS IS ALSO OUTLINED IN THE PLAN DOCUMENTS.

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 THAT HAS BEEN RECOGNIZED AS TAX EXEMPT AS AN ORGANIZATION DESCRIBED IN 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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• RIGHT CHOICE MANAGEMENT SERVICES INC

  S · MGMT SERVICES · FL

• MT SINAI MED CTR OF FL GUARANTEE CORP

  C · INSURANCE · CJ