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Nonprofiteer
← ALBERT EINSTEIN COLLEGE OF MEDICINE

Form 990 for tax year 2024

Filed by ALBERT EINSTEIN COLLEGE OF MEDICINE.

Totals

Total revenue
$1,476,385,707
Total expenses
$583,108,728
Contributions and grants received
$1,293,612,279
Grants paid
$50,101,238
Program service revenue
$113,391,108
Investment income
$62,279,730
Other revenue
$7,102,590
Total assets, end of year
$1,988,710,623
Total liabilities, end of year
$465,465,467
Net assets or fund balances, end of year
$1,523,245,156
Program services expenses (Part IX)
$542,088,604
Management and general expenses
$34,109,024
Fundraising expenses
$6,911,100
Program service expenses (Part III)
$542,088,604

Program services were 93.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • CHRISTOPHER S PANCZNER

    ASSISTANT SECRETARY

    Total calculated
    $1,937,197
    From this org
    $0
    From related orgs
    $1,918,564
    Other
    $18,633
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $951,566 related
    Bonus
    $0 + $277,093 related
    Other
    $0 + $689,905 related
    Deferred
    $0 + $17,000 related
    Nontaxable benefits
    $0 + $1,633 related
    Filer's total
    $0 + $1,937,197 related

  • IRA M MILLSTEIN

    SECRETARY/CHAIR EMERITUS (DECEASED 3/13/2024)

    Total calculated
    $0
    Hours/week
    1

  • NATHAN GANTCHER

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1.5 related

  • PHILIP O OZUAH MD PHD

    PRESIDENT & CEO

    Total calculated
    $16,660,997
    From this org
    $0
    From related orgs
    $16,639,270
    Other
    $21,727
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $5,348,892 related
    Bonus
    $0 + $7,087,500 related
    Other
    $0 + $4,202,878 related
    Deferred
    $0 + $17,000 related
    Nontaxable benefits
    $0 + $4,727 related
    Filer's total
    $0 + $16,660,997 related

  • ROBERT A BELFER

    TRUSTEE/CHAIR EMERITUS (RESIGNED 1/1/2024)

    Total calculated
    $0
    Hours/week
    1

  • RUTH L GOTTESMAN EDD

    TRUSTEE/CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1.5 related

  • ALISA R DOCTOROFF

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • ANDREA BAUMAN LUSTIG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ANDREW J LAUER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ANDREW SOMMERS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ARTHUR N HERSHAFT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BENJAMIN J WINTER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BETTY FEINBERG

    EMERITUS TRUSTEE (RESIGNED 11/11/2024)

    Total calculated
    $0
    Hours/week
    1

  • BUZZY GEDULD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CAROL B EINIGER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CATHERINE M KLEMA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • DANIEL R TISHMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2.3 related

  • GEORGE P O'GARRO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JAMES M BUTLER

    TRUSTEE (APPOINTED 12/18/2024)

    Total calculated
    $0
    Hours/week
    1

  • JAY B ABRAMSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2.5 related

  • KAREN A MANDELBAUM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LESLIE MORSE NELSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LINDA ALTMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARIA L SCHAEFER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARILYN L KATZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MELISSA CERIALE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • MICHAEL STERN

    TRUSTEE (APPOINTED 6/27/2024)

    Total calculated
    $0
    Hours/week
    1

  • RAJA M FLORES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SAMUEL G WEINBERG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SARAH J SCHLESINGER MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • STACEY R LANE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • STANLEY M KATZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • STUART SPODEK

    TRUSTEE (APPOINTED 3/21/2024)

    Total calculated
    $0
    Hours/week
    1

  • SUSAN H FUHRMAN PHD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ZYGMUNT WILF

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JAMES GERAGHTY

    CHIEF FINANCIAL OFFICER & AVP

    Total calculated
    $587,834
    From this org
    $539,473
    From related orgs
    $0
    Other
    $48,361
    Hours/week
    25 + 25 related

    Schedule J breakdown matched by us

    Base
    $432,889
    Bonus
    $105,000
    Other
    $1,584
    Deferred
    $21,375
    Nontaxable benefits
    $26,986
    Filer's total
    $587,834

  • YARON TOMER

    MARILYN & STANLEY M. KATZ DEAN

    Total calculated
    $1,352,579
    From this org
    $1,128,349
    From related orgs
    $0
    Other
    $224,230
    Hours/week
    49 + 1 related

    Schedule J breakdown matched by us

    Base
    $1,014,209
    Bonus
    $93,750
    Other
    $20,390
    Deferred
    $189,938
    Nontaxable benefits
    $34,292
    Filer's total
    $1,352,579

  • EDWARD R BURNS MD

    EXECUTIVE DEAN (RESIGNED 6/30/2024)

    Total calculated
    $769,496
    From this org
    $717,408
    From related orgs
    $0
    Other
    $52,088
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $695,382
    Bonus
    $0
    Other
    $22,026
    Deferred
    $21,375
    Nontaxable benefits
    $30,713
    Filer's total
    $769,496

  • JENNIFER GARNER

    SENIOR ASSOCIATE DEAN

    Total calculated
    $514,818
    From this org
    $460,081
    From related orgs
    $0
    Other
    $54,737
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $434,605
    Bonus
    $25,000
    Other
    $476
    Deferred
    $21,375
    Nontaxable benefits
    $33,362
    Filer's total
    $514,818

  • MARLA KELLER

    EXECUTIVE DEAN (EFFECTIVE 7/1/2024)

    Total calculated
    $707,089
    From this org
    $655,257
    From related orgs
    $0
    Other
    $51,832
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $536,359
    Bonus
    $25,000
    Other
    $93,898
    Deferred
    $21,375
    Nontaxable benefits
    $30,457
    Filer's total
    $707,089

  • AMIT VERMA

    PROFESSOR/INTRIM CHAIR, ONCOLOGY

    Total calculated
    $681,940
    From this org
    $636,034
    From related orgs
    $0
    Other
    $45,906
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $602,149
    Bonus
    $33,333
    Other
    $552
    Deferred
    $21,375
    Nontaxable benefits
    $24,531
    Filer's total
    $681,940

  • EDWARD CHU MD

    DIRECTOR, CANCER CENTER

    Total calculated
    $966,530
    From this org
    $913,198
    From related orgs
    $0
    Other
    $53,332
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $778,308
    Bonus
    $8,071
    Other
    $126,819
    Deferred
    $21,375
    Nontaxable benefits
    $31,957
    Filer's total
    $966,530

  • MICHAEL B PRYSTOWSKY MD

    PROFESSOR

    Total calculated
    $696,413
    From this org
    $644,410
    From related orgs
    $0
    Other
    $52,003
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $514,466
    Bonus
    $125,000
    Other
    $4,944
    Deferred
    $21,375
    Nontaxable benefits
    $30,628
    Filer's total
    $696,413

  • NITIN OHRI

    PROFESSOR

    Total calculated
    $669,037
    From this org
    $645,843
    From related orgs
    $0
    Other
    $23,194
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $508,414
    Bonus
    $137,189
    Other
    $240
    Deferred
    $21,375
    Nontaxable benefits
    $1,819
    Filer's total
    $669,037

  • SUZANNE MURPHY

    ASSOC. DEAN, STRATEGIC PARTNERSHIPS AND EXTERNAL AFFAIRS

    Total calculated
    $780,820
    From this org
    $724,124
    From related orgs
    $0
    Other
    $56,696
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $503,781
    Bonus
    $204,399
    Other
    $15,944
    Deferred
    $21,375
    Nontaxable benefits
    $35,321
    Filer's total
    $780,820

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

  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
AS IT RELATES TO A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN FOR TWO REPORTED TRUSTEES OF THE COLLEGE'S BOARD COMPENSATED BY MONTEFIORE MEDICINE ACADEMIC HEALTH SYSTEM, INC. AND THE DEAN/CEO OF THE ORGANIZATION WHOSE COMPENSATION IS DETERMINED BY THE MONTEFIORE MEDICINE ACADEMIC HEALTH SYSTEM'S BOARD: IN A MANNER DESIGNED TO QUALIFY FOR THE "REBUTTABLE PRESUMPTION OF REASONABLENESS" THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES EXPRESSLY REVIEWED AND APPROVED ALL COMPENSATION AND BENEFIT ARRANGEMENTS, INCLUDING THESE RETIREMENT BENEFIT ARRANGEMENTS FOR SENIOR EXECUTIVES IN A MANNER THAT QUALIFIED UNDER THE INTERMEDIATE SANCTIONS RULES OF THE FEDERAL TAX LAW, AND IN RECOGNITION OF (A) THE EXECUTIVES' YEARS OF SERVICE TO THE ORGANIZATION AND (B) THE SIGNIFICANT CONTRIBUTIONS TO ENHANCING THE ABILITY OF THE ORGANIZATION TO ACHIEVE ITS CHARITABLE MISSION IN A MANNER CONSISTENT WITH FINANCIAL SOLVENCY. ACCORDINGLY, THIS BENEFIT SHOULD BE VIEWED AS APPLYING TO YEARS OF SERVICE FOR THE MONTEFIORE HEALTH SYSTEM. REQUIRED POOLED SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN DISTRIBUTIONS PAID TO TWO BOARD MEMBERS AND EXECUTIVES OF MONTEFIORE MEDICINE ACADEMIC HEALTH SYSTEM, INC.: PHILIP O. OZUAH, M.D., PH.D. - $757,098; CHRISTOPHER PANCZNER - $667,198; THE HEALTH SYSTEM ALSO FUNDS A SECOND DEFINED CONTRIBUTION SERP PLAN. AN OFFICER OF THE ORGANIZATION CURRENTLY PARTICIPATES IN THIS PLAN. CONTRIBUTIONS ARE AT A FIXED PERCENTAGE OF BASE SALARY OR TOTAL CASH COMPENSATION (BASE SALARY PLUS ANNUAL INCENTIVE AWARD). A NOTIONAL BALANCE IS DEVELOPED FOR EACH PARTICIPANT THAT IS THE TOTAL OF CONTRIBUTIONS LESS DISTRIBUTIONS (INTEREST IS NOT ACCRUED). ON JANUARY 1 FOLLOWING THE THIRD, SIXTH AND NINTH ANNIVERSARIES OF EACH PARTICIPANT'S PARTICIPATION DATE, 50% OF THE REMAINING SERP ACCOUNT BECOMES VESTED AND IS PAID OUT IF THE PARTICIPANT IS EMPLOYED ON THAT DATE. ON JANUARY 1 FOLLOWING THE TWELFTH ANNIVERSARY OF EACH PARTICIPANT'S PARTICIPATION DATE, THE REMAINDER OF THE SERP ACCOUNT BECOMES FULLY VESTED AND IS PAID OUT. IF A PARTICIPANT REACHES AGE 65 BEFORE THEIR TWELFTH ANNIVERSARY OF THEIR PARTICIPATION DATE, THEIR SERP ACCOUNT BALANCE WILL BECOME FULLY VESTED ON THE LATER OF THE FIRST OF THE MONTH FOLLOWING THEIR 65TH BIRTHDAY OR THE THIRD ANNIVERSARY OF THEIR PARTICIPATION DATE. SERP ACCOUNT BALANCES WILL ALSO BECOME FULLY VESTED UPON THE EARLIEST OF DEATH OR DISABILITY WHILE EMPLOYED BY MONTEFIORE, INVOLUNTARY TERMINATION WITHOUT CAUSE OR IF MONTEFIORE CHOOSES TO TERMINATE THE PLAN. THERE WAS ONE DISTRIBUTION PAID OUT AS TAXABLE INCOME RELATED TO THE NONQUALIFYING DEFINED CONTRIBUTION SERP PLAN: PHILIP O. OZUAH, M.D., PH.D. - $3,307,500.
Schedule J, Part I, Line 7 Non-fixed payments
PART OF THE ANNUAL INCENTIVE AWARDS IN COLUMN B(II) PAID BY THE ORGANIZATION TO ONE OF ITS OFFICERS WAS BASED ON THE COMPENSATION BOARD DISCRETION.
Schedule J, Part I, Line 3
THE MONTEFIORE COMPENSATION COMMITTEE REVIEWS AND APPROVES ALL FORMS OF COMPENSATION AND BENEFITS PROVIDED TO THE DEAN WITH THE ASSISTANCE OF A NATIONAL INDEPENDENT COMPENSATION CONSULTING FIRM. THE CONSULTING FIRM ASSISTS THE COMPENSATION COMMITTEE WITH ITS DECISION-MAKING PROCESS TO ENSURE THE EXECUTIVE COMPENSATION LEVELS ARE REASONABLE AND APPROPRIATE RELATIVE TO THOSE OF OTHER SIMILAR ORGANIZATIONS. BASE SALARIES IN COLUMN B(I) ARE DETERMINED BASED ON COMPETITIVE MARKET PRACTICES FOR COMPARABLE POSITIONS WITH SIMILAR SIZED ORGANIZATIONS AND SCOPE OF RESPONSIBILITIES. BONUS AND INCENTIVE COMPENSATION IN COLUMN B(II) IS BASED ON THE ACHIEVEMENT OF PERFORMANCE GOALS. THE EXECUTIVES' COMPENSATION PROGRAM HAS A SIGNIFICANT PAY-AT-RISK COMPONENT TO ENSURE THE ALIGNMENT OF PAY AND ORGANIZATIONAL PERFORMANCE. GOALS ARE SET IN ADVANCE IN AREAS SUCH AS RESEARCH PRODUCTIVITY, QUALITY OF EDUCATION, COMMUNITY SERVICES AND FINANCIAL PERFORMANCE. COMPENSATION IS AT RISK IF THE GOALS ESTABLISHED BY THE COMPENSATION COMMITTEE ARE NOT MET.

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

No itemized grants to organizations 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 partnerships

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

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.1
Source object
202533189349307348

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