Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,457,872

• 1f · All other contributions, gifts and grants

  $10,377,363

• 1g · Noncash contributions included above

  $25,924

• 2a · Program service revenue: PATIENT SERVICE REVENUE

  total $866,798,055 · related or exempt $866,798,055

• 2b · Program service revenue: TUITION FEES / NURSING SCHOOL

  total $9,652,320 · related or exempt $9,652,320

• 3 · Investment income

  total $6,118,956 · excluded $6,118,956

• 4 · Income from investment of tax-exempt bond proceeds

  total $0

• 5 · Royalties

  total $0

• 6a · Gross rents

  real property $1,991,160

• 6c · Rental income or loss

  real property $1,991,160 · personal property $0

• 6d · Net rental income or loss

  total $1,991,160 · excluded $1,991,160

• 7a · Gross sales of assets other than inventory

  securities $153,577 · other assets $375,275

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

  other assets $113,989

• 7c · Gain or loss

  securities $153,577 · other assets $261,286

• 7d · Net gain or loss

  total $414,863 · excluded $414,863

• 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

• 11a · Other revenue: CONTRACT PHARMACY REVENUE

  total $71,691,137 · related or exempt $71,691,137

• 11b · Other revenue: DRUG STUDIES & RESEARCH

  total $12,529,121 · related or exempt $12,529,121

• 11c · Other revenue: METHADONE MAINTENANCE TREATMENT PROGRAM

  total $9,574,065 · related or exempt $9,574,065

• 11d · All other revenue

  total $33,439,801 · related or exempt $33,439,801

• 11e · Other revenue, total

  $127,234,124

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $8,689,000 · program services $8,689,000

• 2 · Grants to domestic individuals

  total $677,793 · program services $677,793

• 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 $4,030,133 · management and general $3,938,755 · fundraising $91,378

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $381,339,054 · program services $318,688,568 · management and general $62,650,486

• 8 · Pension plan contributions

  total $33,844,226 · program services $29,444,477 · management and general $4,399,749

• 9 · Other employee benefits

  total $84,417,509 · program services $73,443,233 · management and general $10,974,276

• 10 · Payroll taxes

  total $32,313,506 · program services $28,112,750 · management and general $4,200,756

• 11a · Fees: management

  total $2,034,856 · program services $2,034,856

• 11b · Fees: legal

  total $1,269,998 · program services $32,676 · management and general $1,237,322

• 11c · Fees: accounting

  total $30,000 · management and general $30,000

• 11d · Fees: lobbying

  total $0

• 11e · Fees: professional fundraising services

  total $0

• 11f · Fees: investment management

  total $157,587 · management and general $157,587

• 11g · Fees: other

  total $211,090,933 · program services $211,090,933

• 12 · Advertising and promotion

  total $0

• 13 · Office expenses

  total $36,756,003 · program services $29,368,377 · management and general $7,387,626

• 14 · Information technology

  total $17,626,097 · program services $17,626,097

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $37,416,706 · program services $34,449,507 · management and general $2,967,199

• 17 · Travel

  total $1,312,239 · program services $1,312,239

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $163,354 · program services $163,354

• 20 · Interest

  total $10,799,106 · program services $9,179,240 · management and general $1,619,866

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $71,599,582 · program services $71,599,582

• 23 · Insurance

  total $16,568,914 · program services $16,568,914

• 24a · Other expenses: MEDICAL SUPPLIES

  total $166,717,489 · program services $166,717,489

• 24b · Other expenses: BAD DEBT EXPENSE

  total $54,203,173 · program services $54,203,173

• 24c · Other expenses: PATIENT FOOD/NOURISHMENT

  total $3,266,169 · program services $3,266,169

• 24d · Other expenses: DUES

  total $519,344 · program services $519,344

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $113,355,385 · end of year $50,767,458

• 2 · Savings and temporary cash investments

  beginning of year $0 · end of year $0

• 3 · Pledges and grants receivable

  beginning of year $21,150,365 · end of year $12,507,785

• 4 · Accounts receivable

  beginning of year $74,743,889 · end of year $91,944,830

• 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 $8,839,164 · end of year $9,896,451

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,165,108 · end of year $1,974,031

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

  $2,359,622,798

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

  $1,630,676,954

• 10c · Land, buildings and equipment, net

  beginning of year $629,198,360 · end of year $728,945,844

• 11 · Investments: publicly traded securities

  beginning of year $36,578,707 · end of year $8,171,060

• 12 · Investments: other securities

  beginning of year $21,066,997 · end of year $16,837,407

• 13 · Investments: program-related

  beginning of year $59,125,315 · end of year $33,218,745

• 14 · Intangible assets

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $313,017,591 · end of year $310,599,977

• 17 · Accounts payable and accrued expenses

  beginning of year $147,319,221 · end of year $161,527,212

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 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 $0 · end of year $0

• 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 $0

• 25 · Other liabilities

  beginning of year $1,256,897,548 · end of year $1,402,866,703

• 27 · Net assets without donor restrictions

  beginning of year -$159,923,617 · end of year -$335,257,270

• 28 · Net assets with donor restrictions

  beginning of year $34,947,729 · end of year $35,726,943

The filer's explanations (Part III)

COMPENSATION FOOTNOTES PART VII, SCHEDULE J

PART VII, SECTION A & SCHEDULE J COMPENSATION FOOTNOTES OFFICERS OF THE BOARD OF TRUSTEES HOURS REFLECT SERVICE TO ALL RELATED ORGANIZATIONS OF MOUNT SINAI HEALTH SYSTEM. (1) EMPLOYEE HAS AN OUTSTANDING LOAN REFLECTED IN SCHEDULE L, PART II OF ICHAN SCHOOL OF MEDICINE AT MOUNT SINIAI'S FORM 990 (2) COMPENSATION AND BENEFITS ARE FUNDED FROM THE MOUNT SINAI HOSPITAL, ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI, BETH ISRAEL MEDICAL CENTER, ST. LUKE'S-ROOSEVELT HOSPITAL CENTER, AND/OR NEW YOUR EYE AND EAR INFIRMARY. 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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• BETH ISRAEL COMPREHENSIVE CANCER CENTER

  CANCER CENTER · NY · income $0 · assets $0

  Directly controlled by BIMC

• NEW 171 WEST 79TH OWNERSHIP LLC

  REAL ESTATE · NY · income $0 · assets $1,950,000

  Directly controlled by BIMC

Related corporations and trusts

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

• MANHATTAN MANAGEMENT SERVICES

  C · MGMT SERVICES · NY

  Directly controlled by SLR

• SLR MANAGEMENT SERVICES

  C · MGMT SERVICES · NY

  Directly controlled by SLR

• MOUNT SINAI HC VENTURES INC

  C · HEALTH CARE MGMT · NY

  Directly controlled by BIMC HOLDCO