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Nonprofiteer
← MONTEFIORE EINSTEIN INC

Form 990 for tax year 2024

Filed by MONTEFIORE EINSTEIN INC.

Totals

Total revenue
$40,277,878
Total expenses
$41,331,263
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$40,277,878
Investment income
$0
Other revenue
$0
Total assets, end of year
$17,028,104
Total liabilities, end of year
$17,515,675
Net assets or fund balances, end of year
-$487,571
Program services expenses (Part IX)
$25,992,753
Management and general expenses
$15,338,510
Fundraising expenses
$0
Program service expenses (Part III)
$25,992,753

Program services were 62.9% 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.

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $40,277,878 · related or exempt $40,277,878

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $22,734,355 · program services $16,742,431 · management and general $5,991,924

  • 7 · Other salaries and wages

    total $6,621,769 · program services $3,113,556 · management and general $3,508,213

  • 8 · Pension plan contributions

    total $3,989,684 · program services $3,989,684

  • 9 · Other employee benefits

    total $2,187,358 · program services $1,028,496 · management and general $1,158,862

  • 11d · Fees: lobbying

    total $1,118,586 · program services $1,118,586

  • 11g · Fees: other

    total $5,200 · program services $0 · management and general $5,200 · fundraising $0

  • 24a · Other expenses: EXCISE TAX

    total $4,674,228 · management and general $4,674,228

  • 24b · Other expenses: FILING FEES

    total $58 · management and general $58

  • 24c · Other expenses: STATE TAX

    total $25 · management and general $25

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,031,641 · end of year $664,049

  • 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

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $13,067,183 · end of year $16,364,055

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,586,395 · end of year $14,051,542

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $3,464,133

  • 27 · Net assets without donor restrictions

    beginning of year -$487,571 · end of year -$487,571

Mission and programs · 2024

Mission

TO HEAL, TO TEACH, TO DISCOVER AND TO ADVANCE THE HEALTH OF THE COMMUNITIES WE SERVE. MONTEFIORE BUILDS UPON OUR RICH HISTORY OF MEDICAL INNOVATION AND COMMUNITY SERVICE TO IMPROVE THE LIVES OF THOSE IN OUR CARE. OUR MISSION IS EXEMPLIFIED IN OUR EXCEPTIONAL, COMPASSIONATE CARE AND DEDICATION TO IMPROVE THE WELL-BEING OF THOSE WE SERVE.

Activities or mission (Part I)

TO HEAL, TO TEACH, TO DISCOVER AND TO ADVANCE THE HEALTH OF THE COMMUNITIES WE SERVE.

  • MONTEFIORE EINSTEIN, INC. IS THE ORGANIZATIONAL PARENT OF THE MONTEFIORE HEALTH SYSTEM AND ALBERT EINSTEIN COLLEGE OF MEDICINE, EXEMPLIFYING THE NEXT STEP IN TRANSFORMATIVE CARE, SCIENCE AND EDUCATION. MONTEFIORE EINSTEIN OPERATES EXCLUSIVELY FOR THE CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES OF PROMOTING, FACILITATING AND ENHANCING THE DELIVERY OF QUALITY, EFFICIENT, EFFECTIVE AND ECONOMICAL HEALTH CARE AND RELATED SERVICES TO, AND IMPROVING AND ENHANCING THE GENERAL HEALTH AND WELL BEING OF, THE COMMUNITIES SERVED BY THE MONTEFIORE HEALTH SYSTEM.

    Expenses $25,992,753 · Revenue $40,277,878

As filed on the 2024 return.

Listed in Part VII

  • Catherine Klema

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 3.3 related

  • Daniel R Tishman

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2.3 related

  • James M Butler

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 4.3 related

  • Philip O Ozuah MD PhD

    PRESIDENT & CEO

    Total calculated
    $16,690,037
    From this org
    $16,639,270
    From related orgs
    $0
    Other
    $50,767
    Hours/week
    2 + 58 related

    Schedule J breakdown matched by us

    Base
    $5,348,892
    Bonus
    $7,087,500
    Other
    $4,202,878
    Deferred
    $17,000
    Nontaxable benefits
    $33,767
    Filer's total
    $16,690,037

  • Alisa R Doctoroff

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 3 related

  • John Heffer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 1.3 related

  • Ruth L Gottesman EdD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 2.3 related

  • Christopher S Panczner

    ASSISTANT SECRETARY

    Total calculated
    $1,966,237
    From this org
    $1,918,564
    From related orgs
    $0
    Other
    $47,673
    Hours/week
    2 + 58 related

    Schedule J breakdown matched by us

    Base
    $931,566
    Bonus
    $277,093
    Other
    $709,905
    Deferred
    $17,000
    Nontaxable benefits
    $30,673
    Filer's total
    $1,966,237

  • Colleen Blye

    EXEC VP & CFO

    Total calculated
    $4,280,008
    From this org
    $4,248,644
    From related orgs
    $0
    Other
    $31,364
    Hours/week
    5 + 55 related

    Schedule J breakdown matched by us

    Base
    $1,972,255
    Bonus
    $1,189,650
    Other
    $1,086,739
    Deferred
    $17,000
    Nontaxable benefits
    $14,364
    Filer's total
    $4,280,008

  • Edward Pfleging

    SVP-FACILITIES AND REAL ESTATE

    Total calculated
    $1,913,810
    From this org
    $1,631,854
    From related orgs
    $0
    Other
    $281,956
    Hours/week
    0 + 60 related

    Schedule J breakdown matched by us

    Base
    $869,712
    Bonus
    $175,000
    Other
    $587,142
    Deferred
    $248,613
    Nontaxable benefits
    $33,343
    Filer's total
    $1,913,810

  • Evan Resnick

    VP - FINANCE

    Total calculated
    $1,056,567
    From this org
    $1,005,556
    From related orgs
    $0
    Other
    $51,011
    Hours/week
    2 + 58 related

    Schedule J breakdown matched by us

    Base
    $785,168
    Bonus
    $220,000
    Other
    $388
    Deferred
    $17,000
    Nontaxable benefits
    $34,011
    Filer's total
    $1,056,567

  • Gloria Kenny

    SYSTEM SVP & CHIEF HR OFFICER

    Total calculated
    $1,942,732
    From this org
    $1,607,742
    From related orgs
    $0
    Other
    $334,990
    Hours/week
    2 + 58 related

    Schedule J breakdown matched by us

    Base
    $1,127,079
    Bonus
    $458,550
    Other
    $22,113
    Deferred
    $334,289
    Nontaxable benefits
    $701
    Filer's total
    $1,942,732

  • Joseph Solmonese

    SVP-GOVT AFFAIRS & STRATEGIC COMMUNICATIONS

    Total calculated
    $724,838
    From this org
    $696,701
    From related orgs
    $0
    Other
    $28,137
    Hours/week
    2 + 58 related

    Schedule J breakdown matched by us

    Base
    $669,995
    Bonus
    $25,000
    Other
    $1,706
    Deferred
    $17,000
    Nontaxable benefits
    $11,137
    Filer's total
    $724,838

  • Kathleen Kearns

    SVP DEVELOPMENT & CPO

    Total calculated
    $780,793
    From this org
    $729,387
    From related orgs
    $0
    Other
    $51,406
    Hours/week
    0 + 60 related

    Schedule J breakdown matched by us

    Base
    $658,387
    Bonus
    $50,000
    Other
    $21,000
    Deferred
    $17,000
    Nontaxable benefits
    $34,406
    Filer's total
    $780,793

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

  • 1a · Discretionary spending account
  • 1b · Written policy on the line-1a expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 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 1a Discretionary spending account
THE ORGANIZATION PROVIDED SENIOR LEVEL EXECUTIVES WITH A $21,000 AUTOMOBILE ALLOWANCE. THIS ALLOWANCE WAS INCLUDED IN THEIR TAXABLE INCOME AND COLUMN B(III) OF PART II.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
THE COMPENSATION COMMITTEE REVIEWS AND APPROVES ALL THE FORMS OF COMPENSATION AND BENEFITS PROVIDED TO EACH EXECUTIVE WITH THE ASSISTANCE OF NATIONAL INDEPENDENT COMPENSATION CONSULTING FIRM. THE CONSULTING FIRM ASSISTS THE COMPENSATION COMMITTEE WITH ITS DECISION-MAKING PROCESS TO ENSURE EXECUTIVE COMPENSATION LEVELS ARE REASONABLE AND APPROPRIATE RELATIVE TO THOSE OF OTHER SIMILARLY SITUATED ORGANIZATIONS. THE COMPENSATION COMMITTEE IS COMPRISED OF INDEPENDENT MEMBERS OF THE BOARD OF TRUSTEES. BASE SALARIES IN COLUMN B(I) ARE DETERMINED BASED ON COMPETITIVE MARKET PRACTICES FOR POSITIONS WITH A COMPARABLE SCOPE OF RESPONSIBILITIES WITHIN A PEER GROUP OF SIMILARLY SITUATED HEALTH SYSTEMS. 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 QUALITY OF PATIENT CARE, PATIENT SATISFACTION, COMMUNITY SERVICES AND FINANCIAL PERFORMANCE. COMPENSATION IS AT RISK IF THE GOALS ESTABLISHED BY THE COMPENSATION COMMITTEE ARE NOT MET. OTHER REPORTABLE COMPENSATION IN COLUMN B(III) INCLUDES DISTRIBUTIONS FROM THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN. 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 BENEFITS 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 ORGANIZATION. POOLED SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN DISTRIBUTIONS PAID OUT IN 2024 AS TAXABLE INCOME: PHILIP O. OZUAH, M.D., PH.D. - $757,098; CHRISTOPHER PANCZNER - $667,198; COLLEEN BLYE - $1,011,335. THE ORGANIZATION ALSO FUNDS A SECOND DEFINED CONTRIBUTION SERP PLAN. TWO REPORTABLE INDIVIDUALS 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 WERE TWO DISTRIBUTIONS PAID OUT AS TAXABLE INCOME RELATED TO THE NONQUALIFYING DEFINED CONTRIBUTION SERP PLAN: PHILIP O. OZUAH, M.D., PH.D. - $3,307,500 AND EDWARD PFLEGING - $466,538 WHICH WAS BASED ON MULTIPLE YEARS OF SERVICE (SEE ABOVE FOR VESTING). UNVESTED CONTRIBUTIONS MADE TO THE PLAN FOR THE TWO PARTICIPATING OFFICERS IN 2024 WAS REPORTED AS DEFERRED COMPENSATION IN COLUMN (C) COMPENSATION: EDWARD PFLEGING - $231,613 AND GLORIA KENNY - $317,289.
Schedule J, Part I, Line 7 Non-fixed payments
PART OF THE ANNUAL INCENTIVE AWARDS IN COLUMN (B)(II) PAID BY THE ORGANIZATION TO PERSONS LISTED ON FORM 990, PART VII, SECTION A, LINE 1A WERE BASED ON COMPENSATION BOARD OR MANAGEMENT DISCRETION.

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.

Disregarded entities

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

  • MONTEFIORE APPLICATIONS LLC

    INACTIVE · NY · income $0 · assets $0

    Directly controlled by MMAHS

  • PALM TECHNOLOGIES LLC

    INACTIVE · NY · income $0 · assets $0

    Directly controlled by MMAHS

Related corporations and trusts

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

  • UNIVERSITY BEHAVIORAL ASSOCIATES INC

    C Corporation · MGMT SERVICES · NY · controlled entity

    Directly controlled by NA

  • THE MONTEFIORE IPA INC

    C Corporation · INTEG PROVR ASSOC · NY · controlled entity

    Directly controlled by NA

  • MMC GI HOLDINGS EAST INC

    C Corporation · HOLDING COMPANY · NY · controlled entity

    Directly controlled by NA

  • MMC GI HOLDINGS WEST INC

    C Corporation · HOLDING COMPANY · NY · controlled entity

    Directly controlled by NA

  • MONTEFIORE BEHAVIORAL CARE IPA NO 1 INC

    C Corporation · INTEG PROVR ASSOC · NY · controlled entity

    Directly controlled by NA

  • BRONX ACCOUNTABLE CARE NETWORK IPA INC

    C Corporation · INTEG PROVR ASSOC · NY · controlled entity

    Directly controlled by NA

  • MONTEFIORE CONSOLIDATED VENTURES INC

    C Corporation · HOLDING COMPANY · NY · controlled entity

    Directly controlled by NA

  • MONTEFIORE INSURANCE COMPANY INC

    C Corporation · INACTIVE · NY · controlled entity

    Directly controlled by NA

  • HUDSON VALLEY IPA INC

    C Corporation · INTEG PROVR ASSOC · NY · controlled entity

    Directly controlled by NA

  • MONTEFIORE INNOVATIONS INC

    C Corporation · HOLDING COMPANY · NY · controlled entity

    Directly controlled by NA

  • HIGHLAND MEDICAL PC

    C Corporation · HEALTHCARE SERV. · NY · controlled entity

    Directly controlled by NA

  • WHITE PLAINS MEDICAL DIAGNOSTIC SVCS PC

    C Corporation · HEALTHCARE SERV · NY · controlled entity

    Directly controlled by NA

  • CANCER AND BLOOD MEDICAL SERV OF NY PC

    C Corporation · HEALTHCARE SERV. · NY · controlled entity

    Directly controlled by NA

  • DAVIS AVENUE CORP

    C Corporation · PROPERTY HOLDING · NY · controlled entity

    Directly controlled by NA

  • WHITE PLAINS MANAGEMENT CO INc

    C Corporation · PROPERTY HOLDING · NY · controlled entity

    Directly controlled by NA

  • WPHC BUILDING CORP

    C Corporation · PROPERTY HOLDING · NY · controlled entity

    Directly controlled by NA

  • WHITE PLAINS MEDICAL SERVICES PC

    C Corporation · HEALTHCARE SERV · NY · controlled entity

    Directly controlled by NA

  • WHITE PLAINS PHYSICIAN SERVICES PC

    C Corporation · HEALTHCARE SERV. · NY · controlled entity

    Directly controlled by NA

  • CHARITABLE REMAINDER TRUST (4)

    Trust · CHAR REMR TRUST · NY · controlled entity

    Directly controlled by NA

  • CRHT ACQUISITION INC

    C Corporation · HOLDING COMPANY · NY · controlled entity

    Directly controlled by NA

  • QUANTUM BIOTHERAPEUTICS LLC

    C Corporation · INACTIVE · NY · controlled entity

    Directly controlled by NA

  • WHITE PLAINS PHYSICIAN MEDICAL SERV PC

    C Corporation · INACTIVE · NY · controlled entity

    Directly controlled by NA

  • EAST POST ROAD MEDICAL SERVICES PC

    C Corporation · HEALTHCARE SERV. · NY · controlled entity

    Directly controlled by NA

  • EAST POST ROAD PHYSICIAN SERV PC

    C Corporation · INACTIVE · NY · controlled entity

    Directly controlled by NA

  • DAVIS AVENUE MEDICAL SERVICES PC

    C Corporation · INACTIVE · NY · controlled entity

    Directly controlled by NA

  • WPH HOLDINGS INC

    C Corporation · HOLDING COMPANY · NY · controlled entity

    Directly controlled by NA

  • INNOVATOR ACQUISITION CORP

    C Corporation · HOLDING COMPANY · NY · controlled entity

    Directly controlled by NA

  • PY DEVELOPMENT CORP

    C Corporation · REIT · NY · controlled entity

    Directly controlled by NA

  • SPECIALTY SURGEONS OF CONNECTICUT PC

    C Corporation · HEALTHCARE SERV. · CT · controlled entity

    Directly controlled by NA

  • CMO THE CARE MANAGEMENT COMPANY LLC

    C Corporation · CARE MANAGMENT · NY · controlled entity

    Directly controlled by NA

  • Hudson River Medical Practice PLLC

    C Corporation · HEALTHCARE SERV. · NY · controlled entity

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.1
Source object
202523179349310137

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