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Nonprofiteer
← ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI

Form 990 for tax year 2023

Filed by ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI.

Totals

Total revenue
$4,161,269,921
Total expenses
$4,160,243,113
Contributions and grants received
$972,647,297
Grants paid
$10,365,992
Program services expenses (Part IX)
$3,719,613,059
Management and general expenses
$421,069,822
Fundraising expenses
$19,560,232
Program service expenses (Part III)
$3,719,613,059

Program services were 89.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ANDREW M SAUL

    VICE CHAIRMAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 14 related
  • BONNIE M DAVIS MD

    VICE CHAIRMAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 14 related
  • BRAD KARP

    SECRETARY/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 14 related
  • CARL C ICAHN

    VICE CHAIRMAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 14 related
  • DONALD J GOGEL

    VICE CHAIRMAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 14 related
  • ERIC MINDICH

    VICE CHAIRMAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 14 related
  • GLENN DUBIN

    VICE CHAIRMAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 14 related
  • HAMILTON JAMES

    VICE CHAIRMAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 14 related
  • HENRY P KRAVIS

    VICE CHAIRMAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 14 related
  • JAMES S TISCH

    CO-CHAIRMEN

    Total calculated
    $0
    Hours/week
    2 + 14 related
  • JAMES W CRYSTAL

    VICE CHAIRMAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 14 related
  • JOEL I PICKET

    VICE CHAIRMAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 17 related
  • JOEL S EHRENKRANZ

    VICE CHAIRMAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 14 related
  • JOHN A LEVIN

    VICE CHAIRMAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 14 related
  • JUDITH O RUBIN

    VICE CHAIRMAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 14 related
  • MICHAEL MINIKES

    VICE CHAIRMAN/TREASURER/TRUST

    Total calculated
    $0
    Hours/week
    2 + 23 related
  • RICHARD A FRIEDMAN

    CO-CHAIRMEN/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 14 related
  • RICHARD RAVITCH

    VICE CHAIRMAN/TRUSTEE (TERM END 6/23)

    Total calculated
    $0
    Hours/week
    2 + 17 related
  • ROBERT E RUBIN

    VICE CHAIRMAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 14 related
  • STEVEN HOCHBERG

    VICE CHAIRMAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 19 related
  • THOMAS W STRAUSS

    VICE CHAIRMAN/TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 14 related
  • ADAM SHAPIRO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • AMAZIAH HOWELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • AMY SCHULMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • ANTON LEVY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • ARNE GLIMCHER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • CAROLYN ROWAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • DANIEL A NEFF

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • DANIEL KATZ MD

    TRUSTEE EXOFFICIO

    Total calculated
    $735,562
    From this org
    $713,789
    From related orgs
    $0
    Other
    $21,773
    Hours/week
    43.5 + 16.5 related

    Schedule J breakdown matched by us

    Base
    $187,347
    Bonus
    $4,000
    Other
    $522,442
    Deferred
    $17,951
    Nontaxable benefits
    $3,822
    Filer's total
    $735,562
  • DAVID E WHEADON MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • DINA POWELL MCCORMICK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • DOUG OSTROVER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • EDITH W COOPER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • ERIC J FRIEDMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 6 related
  • ERIC M RUTTENBERG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • EVA ANDERSSON DUBIN MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • GAIL ICAHN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • JAMES KEMPNER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 5 related
  • JEAN C CRYSTAL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • JOAN SOLOTAR

    TRUSTEE (AS OF 9/23)

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • JOANNA SIRULNICK

    TRUSTEE (EX-OFFICIO)

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • JOSHUA RUCH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • KIMBERLEY D HARRIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 6 related
  • LEE OLESKY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • LEON D BLACK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • LEWIS C PELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • MICHAEL J URFIRER

    TRUSTEE (TERM END 3/23)

    Total calculated
    $0
    Hours/week
    1
  • MICHAEL S GROSS

    TRUSTEE (EX-OFFICIO)

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • NATHAN HOFFMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • NNAMDI OKIKE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • RAQUEL K GILINSKI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • ROBERT FRIEDMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • SCOTT GOTTLIEB

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • STEPHEN L SCHWARTZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • THOMAS L KEMPNER JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • THOMAS R BLOCK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • VICKI PANZIER GROSS

    TRUSTEE (EX-OFFICIO)

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • WILLIAM C THOMPSON JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • WILLIAM H WRIGHT II

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 5 related
  • ZIBBY OWENS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • BETH ESSIG ESQ

    EVP, GENERAL COUNSEL

    Total calculated
    $1,878,171
    From this org
    $656,539
    From related orgs
    $1,166,167
    Other
    $55,465
    Hours/week
    19.6 + 40.4 related

    Schedule J breakdown matched by us

    Base
    $486,270 + $863,730 related
    Bonus
    $131,050 + $232,775 related
    Other
    $39,219 + $69,662 related
    Deferred
    $11,887 + $21,113 related
    Nontaxable benefits
    $8,092 + $14,373 related
    Filer's total
    $676,518 + $1,201,653 related
  • DENNIS CHARNEY MD (1)

    DEAN

    Total calculated
    $5,471,287
    From this org
    $1,932,206
    From related orgs
    $3,484,689
    Other
    $54,392
    Hours/week
    20.3 + 39.7 related

    Schedule J breakdown matched by us

    Base
    $392,370 + $707,630 related
    Bonus
    $109,864 + $198,136 related
    Other
    $1,429,972 + $2,578,923 related
    Deferred
    $11,771 + $21,229 related
    Nontaxable benefits
    $7,631 + $13,761 related
    Filer's total
    $1,951,608 + $3,519,679 related
  • ERIC LIUM

    EVP, MS INNOVATION PARTNERS

    Total calculated
    $1,359,133
    From this org
    $1,313,050
    From related orgs
    $0
    Other
    $46,083
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $700,000
    Bonus
    $578,775
    Other
    $34,275
    Deferred
    $33,000
    Nontaxable benefits
    $13,083
    Filer's total
    $1,359,133
  • JAMES NEARY

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 14 related
  • JEFF T BLAU

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 17 related
  • JEFFREY SILBERSTEIN

    EVP, SYSTEM CAO

    Total calculated
    $1,518,747
    From this org
    $534,570
    From related orgs
    $949,521
    Other
    $34,656
    Hours/week
    19.8 + 40.2 related

    Schedule J breakdown matched by us

    Base
    $371,726 + $660,274 related
    Bonus
    $97,074 + $172,426 related
    Other
    $65,770 + $116,821 related
    Deferred
    $11,887 + $21,113 related
    Nontaxable benefits
    $596 + $1,060 related
    Filer's total
    $547,053 + $971,694 related
  • JEREMY BOAL MD (END 122023)

    EVP, SYSTEM CHIEF CLINICAL OFF

    Total calculated
    $1,854,642
    From this org
    $629,636
    From related orgs
    $1,135,535
    Other
    $89,471
    Hours/week
    20.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $323,773 + $592,893 related
    Bonus
    $0
    Other
    $305,863 + $542,642 related
    Deferred
    $11,771 + $21,229 related
    Nontaxable benefits
    $20,143 + $36,328 related
    Filer's total
    $661,550 + $1,193,092 related
  • JOHN HESS

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 14 related
  • KELLY CASSANO DO

    EVP, SYS AMBULATORY OPERATION

    Total calculated
    $1,267,329
    From this org
    $710,856
    From related orgs
    $511,268
    Other
    $45,205
    Hours/week
    31.5 + 28.5 related

    Schedule J breakdown matched by us

    Base
    $465,460 + $384,540 related
    Bonus
    $125,441 + $103,634 related
    Other
    $119,955 + $23,094 related
    Deferred
    $18,071 + $14,929 related
    Nontaxable benefits
    $6,683 + $5,522 related
    Filer's total
    $735,610 + $531,719 related
  • KENNETH DAVIS MD

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $7,199,726
    From this org
    $2,533,787
    From related orgs
    $4,569,625
    Other
    $96,314
    Hours/week
    20.7 + 39.3 related

    Schedule J breakdown matched by us

    Base
    $1,319,790 + $2,380,210 related
    Bonus
    $535,050 + $964,950 related
    Other
    $678,947 + $1,224,465 related
    Deferred
    $11,771 + $21,229 related
    Nontaxable benefits
    $22,584 + $40,730 related
    Filer's total
    $2,568,142 + $4,631,584 related
  • MARGARET PASTUSZKO

    PRESIDENT & SYSTEM COO

    Total calculated
    $2,493,286
    From this org
    $864,571
    From related orgs
    $1,559,232
    Other
    $69,483
    Hours/week
    19.3 + 40.7 related

    Schedule J breakdown matched by us

    Base
    $624,225 + $1,125,775 related
    Bonus
    $168,229 + $303,396 related
    Other
    $72,117 + $130,061 related
    Deferred
    $11,771 + $21,229 related
    Nontaxable benefits
    $13,013 + $23,470 related
    Filer's total
    $889,355 + $1,603,931 related
  • MATTHEW ROSAMOND

    SVP, CHIEF FINANCIAL OFFICER

    Total calculated
    $812,538
    From this org
    $746,723
    From related orgs
    $0
    Other
    $65,815
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $595,000
    Bonus
    $137,445
    Other
    $14,278
    Deferred
    $33,000
    Nontaxable benefits
    $32,815
    Filer's total
    $812,538
  • STEPHEN HARVEY

    EVP, SYSTEM CFO

    Total calculated
    $2,107,872
    From this org
    $729,782
    From related orgs
    $1,296,266
    Other
    $81,824
    Hours/week
    18.7 + 41.3 related

    Schedule J breakdown matched by us

    Base
    $432,240 + $767,760 related
    Bonus
    $140,757 + $250,018 related
    Other
    $156,785 + $278,488 related
    Deferred
    $11,887 + $21,113 related
    Nontaxable benefits
    $17,586 + $31,238 related
    Filer's total
    $759,255 + $1,348,617 related
  • SUSAN R CULLMAN

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 14 related
  • FRANK CINO

    SVP, SYSTEM CHIEF RISK OFFICER

    Total calculated
    $823,989
    From this org
    $276,047
    From related orgs
    $490,324
    Other
    $57,618
    Hours/week
    20.9 + 39.1 related

    Schedule J breakdown matched by us

    Base
    $216,120 + $383,880 related
    Bonus
    $49,924 + $88,676 related
    Other
    $10,003 + $17,768 related
    Deferred
    $11,887 + $21,113 related
    Nontaxable benefits
    $8,867 + $15,751 related
    Filer's total
    $296,801 + $527,188 related
  • ANDREW HECHT MD

    PROFESSOR ORTHO NEURO SURG

    Total calculated
    $8,847,766
    From this org
    $8,800,355
    From related orgs
    $0
    Other
    $47,411
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $159,561
    Bonus
    $0
    Other
    $8,640,794
    Deferred
    $15,956
    Nontaxable benefits
    $31,455
    Filer's total
    $8,847,766
  • DAVID ADAMS MD

    CHAIRMAN CARDIOVASCULAR SURG

    Total calculated
    $6,696,865
    From this org
    $6,643,574
    From related orgs
    $0
    Other
    $53,291
    Hours/week
    59.5 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $212,097
    Bonus
    $650,000
    Other
    $5,781,477
    Deferred
    $21,209
    Nontaxable benefits
    $32,082
    Filer's total
    $6,696,865
  • HANI SBITANY MD

    ASSOCIATE PROFESSOR SURGERY

    Total calculated
    $8,583,093
    From this org
    $8,541,551
    From related orgs
    $0
    Other
    $41,542
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $89,752
    Bonus
    $0
    Other
    $8,451,799
    Deferred
    $8,975
    Nontaxable benefits
    $32,567
    Filer's total
    $8,583,093
  • JORDAN JACOBS MD

    ASSISTANT PROFESSOR, SURGERY

    Total calculated
    $6,171,231
    From this org
    $6,127,936
    From related orgs
    $0
    Other
    $43,295
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $89,752
    Bonus
    $0
    Other
    $6,038,184
    Deferred
    $8,975
    Nontaxable benefits
    $34,320
    Filer's total
    $6,171,231
  • MARK SULTAN MD

    PROFESSOR, SURGERY

    Total calculated
    $5,598,737
    From this org
    $5,564,377
    From related orgs
    $0
    Other
    $34,360
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $139,615
    Bonus
    $0
    Other
    $5,424,762
    Deferred
    $13,961
    Nontaxable benefits
    $20,399
    Filer's total
    $5,598,737
  • ARTHUR KLEIN MD

    FORMER OFFICER

    Total calculated
    $600,000
    From this org
    $0
    From related orgs
    $600,000
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $600,000 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $600,000 related
  • BURTON P DRAYER

    FORMER OFFICER

    Total calculated
    $789,004
    From this org
    $562,301
    From related orgs
    $187,434
    Other
    $39,269
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $135,000 + $45,000 related
    Bonus
    $0
    Other
    $427,301 + $142,434 related
    Deferred
    $13,500 + $4,500 related
    Nontaxable benefits
    $15,952 + $5,317 related
    Filer's total
    $591,753 + $197,251 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 — 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

  • 1a · First-class or charter travel
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 6a · Pay contingent on this organization's net earnings
  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a First-class or charter travel
From time to time when appropriate, officers of Mount Sinai Hospital traveled first class. All such travel was evaluated to confirm it had appropriate business purposes, and whether any portion of it should be included in taxable income.
Schedule J, Part I, Line 4a Severance or change-of-control payment
ARTHUR KLEIN RECEIVED $600,000 OF SEVERANCE PAYMENTS DURING 2023. JEREMY BOAL RECEIVED $148,883 OF SEVERANCE PAYMENTS DURING 2023.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
THE DEAN, DR. DENNIS CHARNEY, WAS THE SOLE PARTICPANT IN THE ORGANIZATION'S SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN ("SERP") AND WAS PAID OUT HIS ONE TIME SERP PAYMENT OF $3,000,000 IN 2023. THE BENEFITS EARNED UNDER THE SERP ARE DESIGNED TO FUND THE DEAN'S EVENTUAL RETIREMENT. THE DEAN HAS WORKED AT MOUNT SINAI FOR 20 YEARS; 17 YEARS AS DEAN.
Schedule J, Part I, Line 6a Compensation contingent on net earnings of the organization
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.
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) EMPLOYEE HAS AN OUTSTANDING LOAN REFLECTED IN SCHEDULE L, PART II OF ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI FORM 990. (2) OTHER REPORTABLE COMPENSATION FOR TRUSTEES, 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. THEY RELATE PRIMARILY TO PERSONALLY PERFORMED CLINICAL SERVICES RENDERED WHILE PARTICIPATING IN THE SCHOOL'S FACULTY PRACTICE PLAN, AND MAY ALSO INCLUDE COMPENSATION FOR ADMINISTRATIVE RESPONSIBILITY & OVERSIGHT, AND/OR RESEARCH ACTIVITIES & INITIATIVES. NOTE: IN DETERMINING THE FIVE HIGHEST PAID EMPLOYEES OF ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI, ROYALTY PAYMENTS RECEIVED BY EMPLOYEES OF ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI IN CONNECTION WITH INVENTIONS HAVE NOT BEEN TAKEN INTO 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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202423169349306452

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