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← VALENTIN FUSTER MT SINAI FOUNDATION FOR SCIENCE HEALTH & EMPOWERMENT

Form 990 for tax year 2024

Filed by VALENTIN FUSTER MT SINAI FOUNDATION FOR SCIENCE HEALTH & EMPOWERMENT.

Totals

Total revenue
$258,244
Total expenses
$218,260
Contributions and grants received
$258,244
Grants paid
$183,515
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$155,749
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$155,749
Program services expenses (Part IX)
$218,260
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$218,260

Program services were 100.0% 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.

  • 1f · All other contributions, gifts and grants

    $258,244

  • 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.

  • 1 · Grants to domestic organizations and governments

    total $183,515 · program services $183,515

  • 7 · Other salaries and wages

    total $2,414 · program services $2,414

  • 8 · Pension plan contributions

    total $119 · program services $119

  • 9 · Other employee benefits

    total $233 · program services $233

  • 10 · Payroll taxes

    total $166 · program services $166

  • 11a · Fees: management

    total $31,813 · program services $31,813

  • 11g · Fees: other

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

  • 24e · All other expenses

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

Balance sheet

Part X, book values.

  • 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 $115,765 · end of year $155,749

  • 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 $0

  • 28 · Net assets with donor restrictions

    beginning of year $115,765 · end of year $155,749

Mission and programs · 2024

Mission

THE VALENTIN FUSTER MOUNT SINAI FOUNDATION FOR SCIENCE, HEALTH AND EMPOWERMENT SEEKS TO IMPROVE DRAMATICALLY THE CARDIOVASCULAR HEALTH OF LOCAL AND GLOBAL COMMUNITIES THROUGH THE RESEARCH AND CLINICAL CARE PROGRAMS OF MOUNT SINAI HEART AND CARDIOVASCULAR INSTITUTE AT ITS SUPPORTED ORGANIZATIONS, ENHANCING COLLABORATIONS BOTH NATIONALLY AND INTERNATIONALLY. IN PARTICULAR, MOUNT SINAI HEART AND CARDIOVASCULAR INSTITUTE BRINGS TOGETHER RENOWNED PHYSICIANS, RESEARCHERS AND EDUCATORS FROM ACROSS THE GLOBE TO PROVIDE ADVANCED AND COMPASSIONATE CLINICAL CARE, TO CONDUCT RESEARCH INTO CARDIOVASCULAR HEALTH AND TREATMENT OF HEART DISEASE, INCLUDING CORONARY ARTERY DISEASE, ATHEROSCLEROSIS AND THROMBOSIS, AND TO STUDY WELLNESS AND PREVENTION.

Activities or mission (Part I)

SUPPORTING ORGANIZATION WITH THE PURPOSE TO SUPPORT MT. SINAI HEART'S EFFORTS AT THE MOUNT SINAI HOSPITAL & ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI.

  • THROUGH THE RESEARCH AND CLINICAL CARE PROGRAMS OF MOUNT SINAI HEART, THE VALENTIN FUSTER MT SINAI FOUNDATION FOR SCIENCE HEALTH & EMPOWERMENT SEEKS TO IMPROVE DRAMATICALLY THE CARDIOVASCULAR HEALTH OF LOCAL AND GLOBAL COMMUNITIES. SUPPORT IS TO BE PROVIDED FOR THE MOUNT SINAI HOSPITAL AND ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI WITH THE CHARITABLE, EDUCATIONAL AND SCIENTIFIC ACTIVITIES OF MOUNT SINAI HEART.

    Expenses $218,260 · Grants $183,515

As filed on the 2024 return.

Listed in Part VII

  • Andrew M Saul

    CHAIRMAN/DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 15 related

  • Dennis Charney 12

    VICE PRESIDENT & DEAN, ISMMS

    Total calculated
    $2,636,248
    From this org
    $0
    From related orgs
    $2,579,191
    Other
    $57,057
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,100,000 related
    Bonus
    $0 + $268,000 related
    Other
    $0 + $1,211,191 related
    Deferred
    $0 + $34,500 related
    Nontaxable benefits
    $0 + $22,557 related
    Filer's total
    $0 + $2,636,248 related

  • Mark Kostegan 1

    SECRETARY & CHIEF DEV. OFFICER

    Total calculated
    $1,593,589
    From this org
    $0
    From related orgs
    $1,532,974
    Other
    $60,615
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $846,000 related
    Bonus
    $0 + $509,000 related
    Other
    $0 + $177,974 related
    Deferred
    $0 + $34,500 related
    Nontaxable benefits
    $0 + $26,115 related
    Filer's total
    $0 + $1,593,589 related

  • Stephen Harvey 1

    TREASURER & CFO, MT SINAI

    Total calculated
    $2,057,140
    From this org
    $0
    From related orgs
    $1,972,048
    Other
    $85,092
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,200,000 related
    Bonus
    $0 + $340,025 related
    Other
    $0 + $432,023 related
    Deferred
    $0 + $34,500 related
    Nontaxable benefits
    $0 + $50,592 related
    Filer's total
    $0 + $2,057,140 related

  • Valentin Fuster

    PRESIDENT & DIRECTOR

    Total calculated
    $1,556,944
    From this org
    $0
    From related orgs
    $1,453,764
    Other
    $103,180
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $212,097 related
    Bonus
    $0 + $100,500 related
    Other
    $0 + $1,141,167 related
    Deferred
    $0 + $21,953 related
    Nontaxable benefits
    $0 + $81,227 related
    Filer's total
    $0 + $1,556,944 related

  • Alejandro Santo Domingo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Carles Vilarrubi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Daniel Kahneman

    DIRECTOR (TERM END MAY 2024)

    Total calculated
    $0
    Hours/week
    0.5

  • Javier Solana

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jo Carole Lauder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Julio Iglesias

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Nancy Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Neil S Mitchell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Pau Gasol

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Placido Domingo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Ronald S Lauder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part III 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) 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 YORK EYE AND EAR INFIRMARY. (2) EMPLOYEE HAS AN OUTSTANDING LOAN REFLECTED IN SCHEDULE L, PART II OF ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI FORM 990. 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 III SCHEDULE J, PART I, LINE 3
THE MOUNT SINAI HOSPITAL, A RELATED ORGANIZATION, ESTABLISHES EXECUTIVE COMPENSATION BY UTILIZING THE FOLLOWING METHODS: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEYS/STUDIES, AND APPROVAL BY THE BOARD/COMPENSATION COMMITTEE.
Schedule J, Part III 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

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.

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 corporations and trusts

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

  • MANHATTAN MANAGEMENT SERVICES

    C Corporation · MGMT SERVICES · NY

    Directly controlled by SLR

  • SLR MANAGEMENT SERVICES

    C Corporation · MGMT SERVICES · NY

    Directly controlled by SLR

  • MOUNT SINAI HC VENTURES

    C Corporation · HEALTH CARE MGMT · NY

    Directly controlled by BIMC HOLDCO

  • MSHS VACCINE COMPANY

    C Corporation · CLINICAL LAB · DE

    Directly controlled by ISMMS

  • KANTARO BIOSCIENCES LLC

    C Corporation · CLINICAL LAB · NY

    Directly controlled by ISMMS

  • PROHEALTH MOUNT SINAI MSO LLC

    C Corporation · MGMT SERVICES · NY

    Directly controlled by MS NETWORK

Provenance

Return type
form_990
Tax year
2024
Filed
15 November 2025
IRS schema version
2024v5.1
Source object
202543199349301899

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