Totals
- Total revenue
- $4,590,891,278
- Total expenses
- $4,653,244,153
- Contributions and grants received
- $186,385,585
- Grants paid
- $1,400,492
- Program service revenue
- $4,328,849,238
- Investment income
- $59,173,371
- Other revenue
- $16,483,084
- Total assets, end of year
- $4,574,684,802
- Total liabilities, end of year
- $4,708,503,188
- Net assets or fund balances, end of year
- -$133,818,386
- Program services expenses (Part IX)
- $4,159,153,558
- Management and general expenses
- $487,911,567
- Fundraising expenses
- $6,179,028
- Program service expenses (Part III)
- $4,159,153,558
Program services were 89.4% 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.
-
1a · Federated campaigns
$210,000
-
1c · Fundraising events
$2,492,139
-
1e · Government grants (contributions)
$149,481,824
-
1f · All other contributions, gifts and grants
$34,201,622
-
1g · Noncash contributions included above
$426,311
-
2a · Program service revenue: INPATIENT SERVICES
total $2,312,047,158 · related or exempt $2,312,047,158 · unrelated business $0 · excluded $0
-
2b · Program service revenue: OUTPATIENT SVCS INCLUDING HOME HEALTH
total $1,908,490,242 · related or exempt $1,901,546,590 · unrelated business $6,943,652 · excluded $0
-
2c · Program service revenue: INTERCOMPANY SHARED SERVICES
total $25,498,102 · related or exempt $25,498,102 · unrelated business $0 · excluded $0
-
2d · Program service revenue: RESEARCH CONTRACTS
total $24,815,123 · related or exempt $24,815,123 · unrelated business $0 · excluded $0
-
2e · Program service revenue: CARE MANAGEMENT HEALTH HOMES
total $16,161,542 · related or exempt $16,161,542 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $41,837,071 · related or exempt $39,408,956 · unrelated business $2,428,115 · excluded $0
-
3 · Investment income
total $37,024,899 · related or exempt $0 · unrelated business $1,603,181 · excluded $35,421,718
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $4,725,448
-
6b · Less rental expenses
real property $3,469,097
-
6c · Rental income or loss
real property $1,256,351 · personal property $0
-
6d · Net rental income or loss
total $1,256,351 · related or exempt $0 · unrelated business $0 · excluded $1,256,351
-
7a · Gross sales of assets other than inventory
securities $22,148,472
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $22,148,472
-
7d · Net gain or loss
total $22,148,472 · related or exempt $0 · unrelated business -$796,755 · excluded $22,945,227
-
8a · Fundraising events: gross income
$640,245
-
8a · Fundraising events: contributions included on line 1c
$2,492,139
-
8b · Fundraising events: direct expenses
$1,066,349
-
8c · Net income from fundraising events
total -$426,104 · unrelated business $0 · excluded -$426,104
-
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: PARKING INCOME
total $6,468,197 · related or exempt $0 · unrelated business $0 · excluded $6,468,197
-
11b · Other revenue: CAFETERIA & VENDING MACHINE INCOME
total $5,790,461 · related or exempt $0 · unrelated business $0 · excluded $5,790,461
-
11c · Other revenue: LATE FEES
total $1,152,678 · related or exempt $0 · unrelated business $0 · excluded $1,152,678
-
11d · All other revenue
total $2,241,501 · related or exempt $0 · unrelated business $483,252 · excluded $1,758,249
-
11e · Other revenue, total
$15,652,837
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,381,055 · program services $1,381,055
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $19,437 · program services $19,437
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $172,739 · program services $172,739 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $2,046,678,436 · program services $1,882,507,043 · management and general $160,988,432 · fundraising $3,182,961
-
8 · Pension plan contributions
total $163,794,821 · program services $150,273,188 · management and general $13,258,620 · fundraising $263,013
-
9 · Other employee benefits
total $352,668,846 · program services $323,553,735 · management and general $28,548,814 · fundraising $566,297
-
10 · Payroll taxes
total $152,048,967 · program services $139,497,953 · management and general $12,306,862 · fundraising $244,152
-
11a · Fees: management
total $12,283,991 · program services $12,283,991 · management and general $0 · fundraising $0
-
11b · Fees: legal
total $10,709,771 · program services $4,816,062 · management and general $5,893,709 · fundraising $0
-
11c · Fees: accounting
total $1,113,240 · program services $0 · management and general $1,113,240 · fundraising $0
-
11d · Fees: lobbying
total $826,346 · program services $826,346 · management and general $0 · fundraising $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $1,853,000 · program services $0 · management and general $1,853,000 · fundraising $0
-
11g · Fees: other
total $221,452,551 · program services $176,564,114 · management and general $44,264,288 · fundraising $624,149
-
12 · Advertising and promotion
total $31,415,158 · program services $801,122 · management and general $30,614,036 · fundraising $0
-
13 · Office expenses
total $157,397,259 · program services $138,131,306 · management and general $19,134,209 · fundraising $131,744
-
14 · Information technology
total $212,253,672 · program services $162,980,102 · management and general $49,151,542 · fundraising $122,028
-
15 · Royalties
total $0
-
16 · Occupancy
total $243,116,008 · program services $224,038,880 · management and general $19,047,883 · fundraising $29,245
-
17 · Travel
total $8,562,128 · program services $7,332,465 · management and general $1,165,772 · fundraising $63,891
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $4,202,006 · program services $3,890,243 · management and general $308,382 · fundraising $3,381
-
20 · Interest
total $14,265,487 · program services $14,265,487 · management and general $0 · fundraising $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $147,540,003 · program services $140,120,848 · management and general $7,416,381 · fundraising $2,774
-
23 · Insurance
total $120,730,699 · program services $113,230,384 · management and general $7,500,315 · fundraising $0
-
24a · Other expenses: MEDICAL SUPPLIES
total $620,717,962 · program services $619,204,579 · management and general $1,513,062 · fundraising $321
-
24b · Other expenses: MEMBERSHIP DUES
total $49,083,253 · program services $31,308,291 · management and general $16,916,912 · fundraising $858,050
-
24c · Other expenses: BILLING & COLLECTION
total $23,177,056 · program services $0 · management and general $23,177,056 · fundraising $0
-
24d · Other expenses: SHARED SERVICES
total $17,695,194 · program services $28,568 · management and general $17,666,626 · fundraising $0
-
24e · All other expenses
total $38,085,068 · program services $11,925,620 · management and general $26,072,426 · fundraising $87,022
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $125,462 · end of year $129,738
-
2 · Savings and temporary cash investments
beginning of year $432,738,271 · end of year $237,026,891
-
3 · Pledges and grants receivable
beginning of year $30,404,100 · end of year $74,559,717
-
4 · Accounts receivable
beginning of year $296,718,460 · end of year $283,238,548
-
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 $425,830,376 · end of year $417,241,326
-
8 · Inventories for sale or use
beginning of year $35,932,973 · end of year $47,324,466
-
9 · Prepaid expenses and deferred charges
beginning of year $40,233,167 · end of year $24,938,493
-
10a · Land, buildings and equipment: cost or other basis
$3,749,518,984
-
10b · Land, buildings and equipment: accumulated depreciation
$2,664,534,453
-
10c · Land, buildings and equipment, net
beginning of year $1,131,957,862 · end of year $1,084,984,531
-
11 · Investments: publicly traded securities
beginning of year $1,285,208,698 · end of year $1,037,347,465
-
12 · Investments: other securities
beginning of year $436,675,473 · end of year $468,564,766
-
13 · Investments: program-related
beginning of year $18,479,753 · end of year $20,397,072
-
14 · Intangible assets
beginning of year $430,000 · end of year $430,000
-
15 · Other assets
beginning of year $839,939,411 · end of year $878,501,789
-
17 · Accounts payable and accrued expenses
beginning of year $852,356,604 · end of year $978,091,646
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $32,271,086 · end of year $23,102,289
-
20 · Tax-exempt bond liabilities
beginning of year $777,250,137 · end of year $763,861,238
-
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 $1,584,354,377 · end of year $1,572,053,781
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $1,608,166,234 · end of year $1,371,394,234
-
27 · Net assets without donor restrictions
beginning of year $19,572,902 · end of year -$236,160,887
-
28 · Net assets with donor restrictions
beginning of year $100,702,666 · end of year $102,342,501
Mission and programs · 2022
Mission
MISSION: TO HEAL, TO TEACH, TO DISCOVER AND TO ADVANCE THE HEALTH OF THE COMMUNITIES WE SERVE. VISION: TO BE A PREMIER ACADEMIC MEDICAL CENTER THAT TRANSFORMS HEALTH AND ENRICHES LIVES. VALUES: HUMANITY, INNOVATION, TEAMWORK, DIVERSITY AND EQUITY - OUR VALUES DEFINE OUR PHILOSOPHY OF CARE. THEY SHAPE OUR ACTIONS AND MOTIVATE AND INSPIRE US TO PURSUE EXCELLENCE AND ACHIEVE OUR GOALS. SINCE 1884, MONTEFIORE HAS CARED FOR THE CHRONICALLY ILL AND HAS MADE IT A PRIORITY TO IMPROVE THE QUALITY OF LIFE FOR UNDERSERVED POPULATIONS. THIS FOUNDING BELIEF IS THE CORNERSTONE OF OUR MISSION, VISION AND VALUES. MONTEFIORE'S MISSION IS ROOTED IN OUR ENDURING COMMITMENT TO PROVIDE ONE STANDARD OF EXCELLENT CARE TO ALL PATIENTS REGARDLESS OF THEIR BACKGROUNDS OR ABILITY TO PAY. MONTEFIORE, THE UNIVERSITY HOSPITAL FOR ALBERT EINSTEIN COLLEGE OF MEDICINE, COMBINES NATIONALLY-RENOWNED CLINICAL AND RESEARCH EXPERTISE WITH COMPASSIONATE, PATIENT-CENTERED CARE. BUILDING UPON OUR RICH HISTORY OF INNOVATION AN
Activities or mission (Part I)
TO HEAL, TO TEACH, TO DISCOVER AND TO ADVANCE THE HEALTH OF THE COMMUNITIES WE SERVE.
-
Patient Care DOING MORE - It's how we created our history of firsts. It's why we developed the world's first transvenous cardiac pacemaker and performed the world's first coronary bypass. Doing more put us at the forefront of treating cancer with highly targeted therapies. It made us one of only a few hospitals in the U.S. performing surgeries on babies before they're born. It built one of the most active and successful transplant centers in the country. Doing more - It's how we are creating the future of healthcare. Established in 1884 as a hospital for patients with chronic illnesses, Montefiore is a full-service integrated healthcare delivery system serving a large and complex urban population, a distinguished academic medical center with renowned faculty, an innovative research center pioneering scientific breakthroughs and medical "firstsan exceptionally dedicated community partner with an unparalleled roster of innovative programs and services that address needs ranging far beyond medical care. Montefiore's mission is to heal, to teach, to discover and to advance the health of the communities it serves. To this mission Montefiore brings a unique synergy of strengths and resources. The Montefiore delivery system offers a full range of healthcare services (preventive, primary, specialty, acute and post acute) to the nearly 2 million residents of the Bronx, New York and nearby Westchester County. Montefiore also serves as a tertiary care referral center for patients across the metropolitan area, the nation and the world, and is known for advanced care in numerous specialties, including cardiology and cardiac surgery, cancer care, children's health, tissue and organ transplantation, women's health, surgery and surgical subspecialties. Montefiore combines its deep commitment to the community with nationally-renowned expertise to reach people at convenient locations. Through the Montefiore School Health Program (the largest and most comprehensive school-based health program in the country), Primary Care at Home programs, mobile medical and dental health vans and health education initiatives, Montefiore provides primary care services in non-traditional settings. Montefiore is increasingly recognized for its success in delivering high-quality care to a large urban community, harnessing the power of health information technology and using care management tools to improve quality, safety and outcomes while controlling costs. To help patients, especially those with chronic diseases, achieve a better quality of life and reduced hospitalizations, Montefiore goes beyond the fragmented fee-for-service payment system, assuming total responsibility for the quality and costs of care for some of its sickest patients. Through the Montefiore IPA, Inc. (MIPA), The Care Management Company, LLC (CMO) and Bronx Accountable Healthcare Network IPA, Inc., dba Montefiore Accountable Care Organization IPA (ACO), a global prepayment strategy is used to manage care over the continuum, including hospital care, rehabilitation, outpatient care, professional services, remote patient monitoring and other programs. At the center of the Medical system are six main campuses with a total of 1,558 licensed beds that provided over 78,700 inpatient admissions in 2022, including over 3,800 births and extensive ambulatory care services: - The 680 bed Henry and Lucy Moses Division; - the 421 bed Jack D. Weiler Hospital of Albert Einstein College of Medicine; - the 136 bed Children's Hospital at Montefiore, recognized as one of "America's Best Children's Hospitals" in U.S. News & World Report's rankings; - the 321 bed Wakefield Division (formerly the North Division renamed to reflect its anchor role in the community); - Montefiore Westchester Square (The former New York Westchester Square Hospital) operating as a Free standing Emergency Department and Ambulatory Surgery Facility; - The Montefiore Hutchinson Campus - The innovative "hospital without beds" providing world-class treatment with the latest technology and the best of multidisciplinary approach to care, enabling patients to be treated effectively and safely without hospitalization. Montefiore also operates extensive ambulatory care services connected by a robust health information technology system through a network of more than 175 locations - from community-based ambulatory care centers to school-based health centers to mobile clinics: - Montefiore's Emergency Departments, among the busiest in the nation, treats more than 286,000 patients annually; - The hospital based clinics provides over 430,000 visits a year; - The Physician practices provides more than 1.5 million office visits annually; - Montefiore Medical Group, a network with over 350 distinguished physicians supported by a dedicated team of nurses, health educators and other highly-qualified medical professionals, working at more than 20 community based locations throughout the Bronx and Westchester provides over 659,000 visits a year; - Montefiore Home Care Program provides over 205,000 visits each year to homebound patients; - The Montefiore School Health Program, the largest in the nation, with 31 school-based health centers serving more than 20,500 children annually; - The Montefiore Substance Abuse and Treatment Program operating multiple substance abuse treatment sites offering drug treatment and rehabilitation services and comprehensive primary care to recovering abusers in communities across the Bronx; - Targeted outreach services to at-risk populations including programs serving the homeless and victims of domestic violence, mothers at risk of premature birth, as well as services to homebound and/or fragile seniors in community-based settings throughout the Bronx. At the intersection of Albert Einstein College of Medicine and Montefiore are Centers of Excellence in Cancer Care, Cardiovascular services, the Children's hospital, transplantation and neurosciences. In these centers, renowned investigators and multidisciplinary clinical teams collaborate to develop and deliver the advanced, innovative care available only at premier academic medical centers and the seamless continuum of services that ensures an ideal patient experience. Montefiore Medical Center is guided by a mission to provide high quality care for all its patients, including those in our service area who lack health insurance coverage and who cannot pay for all or part of the essential care they receive. The Medical Center is committed to maintaining charity care policies that are consistent with its mission and values of advancing the health of the communities that it serves in providing one standard of excellent care to all patients regardless of their background or ability to pay. For more than 100 years, Montefiore has been a leader in innovations, new treatments, new procedures and new approaches to patient care that has produced stellar outcomes and helped to raise the bar for medical centers in the region and nationally. As Montefiore builds on this momentum and these accomplishments, we continue to strive to advance the practice of medicine and set the standards for excellence.
Expenses $3,630,945,953 · Revenue $4,085,980,001
-
Medical Education & Research Medical Education Montefiore is the University Hospital for Albert Einstein College of Medicine, one of the nation's premier institutions for medical education, basic research and clinical investigations. This strong alignment enables Montefiore to advance clinical and translational research results more rapidly to the bedside and to the medical community, and educate the next generation of physicians, healthcare leaders and investigators. In place are extensive training programs for medical students, residents and fellows. Through the second-largest medical residency program in the country, Montefiore provides postgraduate clinical training to more than 1,250 residents across 89 accredited residency and fellowship programs. Our progressive focus on comprehensive rather than fragmented care provides the ideal training ground for healthcare leaders of the future. To remain on the cutting-edge of training, we develop and expand programs that advance teamwork, communication and decision-making providing the doctors of tomorrow a unique opportunity for education and training in one of the most diverse urban areas in the country caring for a global population where the disease burden is high and the need for quality care is great. These programs, coupled with Montefiore's mission and vision draw residents from top medical schools who are particularly committed to increasing access to excellent care in an underserved population. Montefiore is dedicated to cultivating the ethical and professional development of all of its trainees. Montefiore's physicians are at the forefront of their fields, actively mentoring and cultivating a new generation of physicians and scientists committed to our mission and values of advancing the front line of health and leading the way in twenty-first century medicine and patient care. Montefiore training experience - clinically advanced and grounded in our organizational values of humanity, innovation, teamwork and equity - extends to all disciplines. On an average over 1,750 undergraduate and graduate nursing staff train at Montefiore as did hundreds of social workers, nutritionists and pharmacists. Montefiore training also extends beyond the graduate level. The Center for Continuing Medical Education (CCME) at Montefiore Medical Center and Albert Einstein College of Medicine, founded in 1976, is accredited by the Accreditation Council for Continuing Medical Education (ACCME). The Center has provided hundreds of CME activities and CME credits to thousands of practitioners. Recognizing the vital importance of developing and embracing innovative techniques and treatments, Montefiore is committed to the utilization of resources for the advancement of physicians' education and delivery of care. Research Montefiore's large biomedical and clinical research initiatives include inquiry into a range of medical and health care delivery issues, including basic research into the fundamental process of disease and its treatment in humans, clinical trials and related clinical research and research into the organization and management of health care services. Montefiore is among 38 academic medical centers nationwide, at that time, to be awarded the Prestigious clinical and translational science award (CTSA) by the National Institutes of Health (NIH). The National Institutes of Health, along with other Federal, State and other funding, supports research in such areas as Aids, Oncology, Pediatrics, Anesthesiology, Emergency Medicine, Neurology, Pathology, Social Medicine and other clinical programs. Montefiore and Einstein are aligned around shared goals, with special emphasis on advancing clinical and translational research to accelerate the pace at which new discoveries become the treatments and therapies of today. At the heart of Montefiore Medical Center's pioneering research initiatives is its unique partnership with Albeert Einstein College of Medicine. Since 1963, Montefiore has served as the University Hospital of Albert Einstein College of Medicine (Einstein), a powerful collaboration between two of the nation's preeminent medical institutions that fosters the creation of knowledge by attracting world-renowned leaders in their fields and promoting opportunities for basic translational and clinical research. This bond was strengthen further in 2015 when Montefiore assumed operational and financial control of the College and, more recently, when Montefiore Medicine Academic Health System, Inc., the parent organization of the Montefiore Health System, Inc., became the sole member of the College. Montefiore and Einstein together have successfully collaborated to secure a National Institute of Health funded $22.5 million clinical and translational Science award to create a research infrastructure to support and promote clinical and translational research. Montefiore researchers are currently involved in more than 500 clinical trials and research studies, helping to translate scientific breakthroughs into cutting edge diagnostics and innovative treatments.
Expenses $433,525,584 · Grants $116,783 · Revenue $236,326,188
-
Community Services Services to the community are an explicit and essential component of Montefiore's mission and one of its most valued traditions. The Medical Center has a long history of reaching beyond the walls of its hospitals to identify and meet the needs of its community and has been a national leader in organizing and expanding community-based services. Montefiore's commitment to the community has required a multifaceted, continually evolving response, in which the unique capacities of the academic medical center are mobilized to improve the lives of the people and the communities served-not just medically, but socially, economically and environmentally, wherever and whenever resources can make a difference. The Medical Center has maintained and expanded its range of community services, reaching out to and serving un-met health needs, including those with poor access to comprehensive primary care, at-risk and hard to reach children and their families, underserved and at-risk senior citizens, those affected by cancer, those affected by the continuing HIV epidemic in the Bronx, persons with or at-risk for tuberculosis infection, persons affected with problems of substance abuse, the homeless, adults and children with limited access to primary dental care and those affected by chronic health care diseases such as congestive heart failure, diabetes and asthma. Embracing its social responsibility to the community, Montefiore is nationally known as a pioneer in programs that are tailored to the specific needs of the community. Montefiore has been in the vanguard of intervention to combat such conditions as HIV disease, tuberculosis and lead poisoning prevention. Montefiore has sharpened the focus on such issues as childhood obesity, diabetes, improving community access to fresh, healthy foods at green markets and reducing healthcare disparities. Montefiore is aligning components of the delivery system to help improve public outcomes and building behavioral and population-based research to identify best practices. The community served by Montefiore, by several measures, faces many challenges. It is ranked the poorest urban county in the country, leads the nation in rates of diabetes and obesity and other chronic conditions and leads New York City in a host of significant markers: people in "fair or poor health", low birth weight, teen pregnancy, children in poverty, disabled individuals and families living below the poverty line. Montefiore is continuously working to help the community maintain a sense of security and economic stability, as well as to improve such quality-of-life fundamentals as education and affordable housing. Montefiore seeks to advance life in the Bronx beyond the traditional bounds of healthcare, by leading development efforts, promoting safe and productive neighborhoods and taking a leadership role in community business development. Montefiore is an advocate and partner with our neighbors in the Bronx, helping to sustain the community that sustains us.
Expenses $94,682,021 · Grants $1,283,709 · Revenue $6,543,049
As filed on the 2022 return.
Listed in Part VII
-
PHILIP O OZUAH MD PHD
President & CEO
- Total calculated
- $9,906,213
- From this org
- $0
- From related orgs
- $9,856,588
- Other
- $49,625
- Hours/week
- 40.8 + 19.2 related
Schedule J breakdown matched by us
- Base
- $0 + $4,478,627 related
- Bonus
- $0 + $4,715,500 related
- Other
- $0 + $662,461 related
- Deferred
- $0 + $17,000 related
- Nontaxable benefits
- $0 + $32,625 related
- Filer's total
- $0 + $9,906,213 related
-
ROBERT MICHLER MD
CHAIR-Surg/Cardiothoracic Surg
- Total calculated
- $4,535,236
- From this org
- $4,485,357
- From related orgs
- $0
- Other
- $49,879
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $4,482,309
- Bonus
- $0
- Other
- $3,048
- Deferred
- $17,000
- Nontaxable benefits
- $32,879
- Filer's total
- $4,535,236
-
COLLEEN M BLYE
Exec VP & CFO
- Total calculated
- $3,567,598
- From this org
- $0
- From related orgs
- $3,537,630
- Other
- $29,968
- Hours/week
- 36.8 + 23.2 related
Schedule J breakdown matched by us
- Base
- $0 + $1,644,082 related
- Bonus
- $0 + $1,081,500 related
- Other
- $0 + $812,048 related
- Deferred
- $0 + $17,000 related
- Nontaxable benefits
- $0 + $12,968 related
- Filer's total
- $0 + $3,567,598 related
-
SUSAN GREEN-LORENZEN RN
System Senior VP-Operations
- Total calculated
- $2,575,364
- From this org
- $0
- From related orgs
- $2,528,339
- Other
- $47,025
- Hours/week
- 44 + 16 related
Schedule J breakdown matched by us
- Base
- $0 + $1,158,456 related
- Bonus
- $0 + $475,900 related
- Other
- $0 + $893,983 related
- Deferred
- $0 + $17,000 related
- Nontaxable benefits
- $0 + $30,025 related
- Filer's total
- $0 + $2,575,364 related
-
Emad Eskandar MD
Chair-Neurological Surgery
- Total calculated
- $2,036,913
- From this org
- $1,989,186
- From related orgs
- $0
- Other
- $47,727
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $1,988,154
- Bonus
- $0
- Other
- $1,032
- Deferred
- $17,000
- Nontaxable benefits
- $30,727
- Filer's total
- $2,036,913
-
Christopher Panczner
Asst Sec.-SVP & Gen Counsel
- Total calculated
- $1,898,457
- From this org
- $0
- From related orgs
- $1,857,333
- Other
- $41,124
- Hours/week
- 35.7 + 24.3 related
Schedule J breakdown matched by us
- Base
- $0 + $954,591 related
- Bonus
- $0 + $310,000 related
- Other
- $0 + $592,742 related
- Deferred
- $0 + $17,000 related
- Nontaxable benefits
- $0 + $24,124 related
- Filer's total
- $0 + $1,898,457 related
-
Joseph De Rose MD
Dir Min Invasive Robotic Surg
- Total calculated
- $1,690,796
- From this org
- $1,645,547
- From related orgs
- $0
- Other
- $45,249
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $1,538,047
- Bonus
- $107,500
- Other
- $0
- Deferred
- $17,000
- Nontaxable benefits
- $28,249
- Filer's total
- $1,690,796
-
Daniel Goldstein MD
Vice Chair-Cardiothoracic Surg
- Total calculated
- $1,674,228
- From this org
- $1,654,244
- From related orgs
- $0
- Other
- $19,984
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $1,545,712
- Bonus
- $107,500
- Other
- $1,032
- Deferred
- $17,000
- Nontaxable benefits
- $2,984
- Filer's total
- $1,674,228
-
NEIL COBELLI MD
CHAIR-DEPT. OF ORTHOPEDICS
- Total calculated
- $1,628,169
- From this org
- $1,597,535
- From related orgs
- $0
- Other
- $30,634
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $1,093,209
- Bonus
- $500,000
- Other
- $4,326
- Deferred
- $17,000
- Nontaxable benefits
- $13,634
- Filer's total
- $1,628,169
-
JAY B ABRAMSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.75 + 2.75 related
-
PATRICIA BAUMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 0.75 related
-
JAMES M BUTLER
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1.25 + 3 related
-
BRUCE DONIGER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 0.75 related
-
RUTH L GOTTESMAN EdD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 2 related
-
PATRICIA GREEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 0.75 related
-
THOMAS L HARRISON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 0.75 related
-
JOHN HEFFER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 1.5 related
-
LEWIS HENKIND
Trustee
- Total calculated
- $0
- Hours/week
- 0.5 + 1.75 related
-
HELEN A JOHNSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.75 + 0.75 related
-
DAVID B KEIDAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 0.75 related
-
ALAN M KLEIN
Secretary
- Total calculated
- $0
- Hours/week
- 1 + 2.5 related
-
STACEY R LANE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 2.5 related
-
JAY B LANGNER
TRUSTEE (retired 6/30/22)
- Total calculated
- $0
- Hours/week
- 0.5 + 0.75 related
-
MARGARET S NATHAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 0.75 related
-
GAYLE F ROBINSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.75 + 1.75 related
-
JON W ROTENSTREICH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 0.75 related
-
EDWIN H STERN III
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 0.75 related
-
DAVID A TANNER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
JENNIE EMIL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 0.75 related
-
Nathan Gantcher
Trustee
- Total calculated
- $0
- Hours/week
- 0.5 + 2 related
-
Catherine Klema
Vice Chair
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Melissa Ceriale
Trustee
- Total calculated
- $0
- Hours/week
- 0.75 + 3.25 related
-
BARRY S BLATTMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.75 + 1.75 related
-
MATTHEW H NORD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
MICHAEL A STOCKER MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.75 + 2.5 related
-
JOEL BRAUN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 0.75 related
-
EMANUEL CHIRICO
TREASURER
- Total calculated
- $0
- Hours/week
- 0.75 + 1.75 related
-
ALISA R DOCTOROFF
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.75 + 3.25 related
-
JOHN P GUTFREUND
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 0.75 related
-
RONALD L MOELIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.75 + 1.25 related
-
ALAN N SUNA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 0.75 related
-
DANIEL R TISHMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 2.75 related
-
ELLEN BRESLOW NEWHOUSE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 0.75 related
-
DOUGLAS F EISENBERG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 0.75 related
-
ALLEN M SPIEGEL MD
TRUSTEE (APPOINTED 6/30/22)
- Total calculated
- $0
- Hours/week
- 0.5 + 0.75 related
-
JONATHAN A LIPTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 1 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, 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 · First-class or charter travel
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing 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
- 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
- One officer traveled first class as provided for under Medical center policy. All such travel was for Medical Center business purposes, accordingly, the cost of such travel was not included in his taxable income.
- Schedule J, Part I, Lines 3, 4b & Part II - Columns (B)(i), (ii) and (iii)
- As it relates to compensation from Montefiore Medicine Academic Health System, Inc. and Montefiore Health System, Inc. for all officers and key employees: The Compensation Committee reviews and approves all forms of compensation and benefits provided to each executive with the assistance of a 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 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 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 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 based on multiple years of service: Susan Green-Lorenzen, R.N. - $871,397; Philip O. Ozuah, M.D., PH.D. - $632,224; Christopher Panczner - $558,708; Colleen Blye - $810,464. The Health System also funds a nonqualifying 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. During 2022, there were no distributions from the plan to the participating officer. Unvested accrued contributions made to the plan in 2022 were not reported as deferred compensation in column (C) for this officer (Philip Ozuah, M.D., Ph.D.) since the accrual will be paid out no later than two and a half months after year end.
- Schedule J, Part II - Compensation from related organizations
- All officers and key employees of Montefiore Medical Center are paid by either Montefiore Medicine Academic Health System, Inc., the parent company of Montefiore Health System, Inc. or Montefiore Health System, Inc., the parent of Montefiore Medical Center. The organization, in turn, reimburses the health systems for its expenses through the membership fees that are assessed for each of the benefitting entities.
- Schedule J, Part I, Line 7
- The annual incentive award in column (B)(II) paid to three of the organization five highest compensated individuals was based on 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
-
Albert Einstein College of Medicine
$122,000,000
operating subsidies
-
$110,000
Sponsorship
-
sponsorship
-
UNIVERSITY OF MARYLAND AT BALTIMORE
$103,106
SUBRECIPIENT GRANT
-
SPONSORSHIP
-
$50,000
SPONSORSHIP
-
$50,000
SPONSORSHIP
-
$50,000
Sponsorship
-
$40,000
sponsorship
-
$37,000
SPONSORSHIP
The 10 largest by cash amount. The API serves every itemized grant.
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.
-
501(c)(3) · real estate · NY · controlled entity
Directly controlled by MMC
-
501(c)(2) · staff housing · NY · controlled entity
Directly controlled by MMC
-
Montefiore Hosp Housing Section II Inc
501(c)(2) · staff housing · NY · controlled entity
Directly controlled by MMC
-
Mosholu Preservation Corporation
501(c)(3) · Community Ser · NY · controlled entity
Directly controlled by MMC
-
501(c)(3) · PARENT · NY · controlled entity
Directly controlled by MMAHS
-
Montefiore New Rochelle Hospital
501(c)(3) · Hospital · NY · controlled entity
Directly controlled by MHS
-
Montefiore Mount Vernon Hospital
501(c)(3) · Hospital · NY · controlled entity
Directly controlled by MHS
-
501(c)(3) · Nursing Home · NY · controlled entity
Directly controlled by MHS
-
501(c)(3) · Inactive · NY · controlled entity
Directly controlled by MMAHS
-
MONTEFIORE MEDICINE ACADEMIC HEALTH SYST
501(C)(3) · System Parent · NY · controlled entity
Directly controlled by NA
-
501(C)(3) · HOSPITAL · NY · controlled entity
Directly controlled by MHS
-
White Plains Hospital Medical Center
501(c)(3) · Hospital · NY · controlled entity
Directly controlled by MHS
-
501(C)(2) · Student Hous · NY · controlled entity
Directly controlled by AECOM
-
Montefiore CERC Operations Inc
501(c)(3) · Rehab Center · NY · controlled entity
Directly controlled by MMC
-
White Plains Hospital Ctr Fdn Inc
501(c)(3) · FUNDRAISING · NY · controlled entity
Directly controlled by WPHMC
-
Montefiore Nyack Hospital Foundation
501(c)(3) · FUNDRAISING · NY · controlled entity
Directly controlled by Nyack Hosp
-
The Winifred Masterson Burke Rehab Hosp
501(c)(3) · Rehab Hosp · NY · controlled entity
Directly controlled by MHS
-
501(c)(3) · Hospital · NY · controlled entity
Directly controlled by MHS
-
501(c)(3) · Healthcare · NY · controlled entity
Directly controlled by SLCH
-
Hudson Vista Physician Services PC
501(c)(3) · Healthcare · NY · controlled entity
Directly controlled by SLCH
-
St Luke's Cornwall Health System Inc
501(c)(3) · Holding Comp · NY · controlled entity
Directly controlled by MHS
-
St Luke's Cornwall Health System Fdn
501(c)(3) · Fundraising · NY · controlled entity
Directly controlled by SLCHS
-
MONTEFIORE MED ACAD HLTH SYS SELF INS TR
501(C)(3) · INS TRUST · NY · controlled entity
Directly controlled by MMAHS
-
ALBERT EINSTEIN COLLEGE OF MEDICINE
501(C)(3) · MED COLLEGE · NY · controlled entity
Directly controlled by MMAHS
-
Montefiore Community Services Inc
501(C)(3) · Healthcare · NY · controlled entity
Directly controlled by MMC
-
MONTEFIORE EINSTEIN ADVANCED CARE
501(C)(3) · HEALTHCARE · NY · controlled entity
Directly controlled by MHS
-
501(C)(4) · INACTIVE · NY · controlled entity
Directly controlled by MHS
-
501(C)(3) · Garage · NY · controlled entity
Directly controlled by Nyack Hosp
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 Proton Acquisition LLC
Proton Ther · NY · income $0 · assets $7,016,009
Directly controlled by MMC
-
MONTEFIORE HUDSON VALLEY COLLABORATIVE
Perform Prov · NY · income $14,315,019 · assets $216,415
Directly controlled by MMC
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
c corp · Integ Provr Assoc · NY · controlled entity
Directly controlled by NA
-
c corp · holding company · NY · controlled entity
Directly controlled by NA
-
c corp · holding company · NY · controlled entity
Directly controlled by NA
-
Montefiore Behavioral Care IPA No 1 inc
c corp · Integ provr assoc · NY · controlled entity
Directly controlled by NA
-
BRONX ACCOUNTABLE Care Network IPA Inc
C CORP · Integ Provr Assoc · NY · controlled entity
Directly controlled by NA
-
MONTEFIORE CONSOLIDATED VENTURES INC
C CORP · holding company · NY · controlled entity
Directly controlled by NA
-
MONTEFIORE INSURANCE COMPANY INC
C CORP · Inactive · NY · controlled entity
Directly controlled by na
-
C CORP · INTEG PROVR Assoc · NY · controlled entity
Directly controlled by NA
-
C CORP · HOLDING COMPANY · NY · controlled entity
Directly controlled by na
-
C CORP · Healthcare Serv. · NY · controlled entity
Directly controlled by NA
-
WHITE PLAINS MEDICAL DIAGNOSTIC SERV PC
C CORP · Healthcare Serv. · NY · controlled entity
Directly controlled by NA
-
CANCER & BLOOD MEDICAL SERV of NY PC
C CORP · Healthcare Serv. · NY · controlled entity
Directly controlled by NA
-
C CORP · Property holding · NY · controlled entity
Directly controlled by na
-
WHITE PLAINS MANAGEMENT CO INC
C CORP · Property holding · NY · controlled entity
Directly controlled by na
-
C CORP · Property holding · NY · controlled entity
Directly controlled by NA
-
UNIVERSITY BEHAVIORAL ASSOCIATES INC
C CORP · Management Serv. · NY · controlled entity
Directly controlled by NA
-
White Plains Medical Services PC
C Corp · Healthcare Serv. · NY · controlled entity
Directly controlled by na
-
White Plains Physician Services PC
c corp · Healthcare Serv. · NY · controlled entity
Directly controlled by na
-
Charitable Remainder Trust (4)
Trust · Char Remr Trust · NY · controlled entity
Directly controlled by na
-
C CORP · HOLDING COMPANY · NY · controlled entity
Directly controlled by NA
-
C CORP · INACTIVE · NY · controlled entity
Directly controlled by NA
-
WHITE PLAINS PHYSICIAN MEDICAL SERV PC
C CORP · INACTIVE · NY · controlled entity
Directly controlled by NA
-
EAST POST ROAD MEDICAL SERVICES PC
C CORP · Healthcare Serv. · NY · controlled entity
Directly controlled by NA
-
EAST POST ROAD PHYSICIAN SERV PC
C CORP · INACTIVE · NY · controlled entity
Directly controlled by NA
-
DAVIS AVENUE MEDICAL SERVICES PC
C CORP · INACTIVE · NY · controlled entity
Directly controlled by NA
-
C CORP · holding company · NY · controlled entity
Directly controlled by NA
-
C corp · holding company · NY · controlled entity
Directly controlled by NA
-
REIT · REIT · NY · controlled entity
Directly controlled by NA
-
Specialty Surgeons of Connecticut PC
C CORP · Healthcare Serv. · CT · controlled entity
Directly controlled by NA
-
CMO The Care Management Company LLC
C Corp · Care Management · NY · controlled entity
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343179349311564
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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