Skip to content
Nonprofiteer
← SACKLER SCHOOL OF MEDICINE

Form 990 for tax year 2022

Filed by SACKLER SCHOOL OF MEDICINE.

Totals

Total revenue
$7,983,206
Total expenses
$8,017,628
Contributions and grants received
$0
Grants paid
$5,000
Program service revenue
$7,971,841
Investment income
$8,672
Other revenue
$2,693
Total assets, end of year
$4,824,914
Total liabilities, end of year
$3,738,612
Net assets or fund balances, end of year
$1,086,302
Program services expenses (Part IX)
$8,017,628
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$8,017,628

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.

  • 2a · Program service revenue: Tuition

    total $7,971,741 · related or exempt $7,971,741

  • 2b · Program service revenue: Application fees

    total $100 · related or exempt $100

  • 3 · Investment income

    total $8,672 · related or exempt $8,672

  • 11a · Other revenue: Other income

    total $2,693 · related or exempt $2,693

  • 11e · Other revenue, total

    $2,693

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $5,000 · program services $5,000

  • 5 · Compensation of officers, directors and key employees

    total $550,523 · program services $550,523

  • 7 · Other salaries and wages

    total $230,009 · program services $230,009

  • 10 · Payroll taxes

    total $35,379 · program services $35,379

  • 11b · Fees: legal

    total $63,805 · program services $63,805

  • 11c · Fees: accounting

    total $58,740 · program services $58,740

  • 13 · Office expenses

    total $50,664 · program services $50,664

  • 14 · Information technology

    total $12,940 · program services $12,940

  • 17 · Travel

    total $53,496 · program services $53,496

  • 22 · Depreciation, depletion and amortization

    total $13,098 · program services $13,098

  • 23 · Insurance

    total $177,267 · program services $177,267

  • 24a · Other expenses: Tuition fees

    total $6,533,274 · program services $6,533,274

  • 24b · Other expenses: Malpractice insurance

    total $90,332 · program services $90,332

  • 24c · Other expenses: Elective fees

    total $72,479 · program services $72,479

  • 24d · Other expenses: Research expenses

    total $47,835 · program services $47,835

  • 24e · All other expenses

    total $22,787 · program services $22,787

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,382,969 · end of year $3,772,548

  • 2 · Savings and temporary cash investments

    beginning of year $535,533 · end of year $503,968

  • 4 · Accounts receivable

    beginning of year $282,252 · end of year $459,611

  • 9 · Prepaid expenses and deferred charges

    beginning of year $84,177 · end of year $74,580

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

    $186,857

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

    $172,650

  • 10c · Land, buildings and equipment, net

    beginning of year $27,015 · end of year $14,207

  • 17 · Accounts payable and accrued expenses

    beginning of year $112,147 · end of year $41,753

  • 19 · Deferred revenue

    beginning of year $2,371,702 · end of year $1,467,477

  • 25 · Other liabilities

    beginning of year $1,707,373 · end of year $2,229,382

  • 28 · Net assets with donor restrictions

    beginning of year $1,120,724 · end of year $1,086,302

Mission and programs · 2022

Mission

The Sackler School of Medicine's functions are to recruit and accept students to qualify for an MD degree. The organization maintains an administrative office in New York City which handles admissions and other functions for U.S. and Canadian students.

Activities or mission (Part I)

Medical Education

  • Operation of medical school.

    Expenses $8,017,628 · Grants $5,000 · Revenue $7,983,206

As filed on the 2022 return.

Listed in Part VII

  • Louis Bernstein

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Gerard J Igel MD

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Richard S Sackler MD

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Thomas F Tracy Jr MD

    Trustee

    Total calculated
    $13,500
    From this org
    $13,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Deborah Axelrod MD

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Arthur A Klein MD

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Alvin Rosenfeld MD

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Robin Abrams

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Stanley Schrem MD

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Steiner MD

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Ralph Synderman MD

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Borkan MD

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Michael Kassen

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Max Raskin

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Schor MD

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Stephen Lazar EdD

    Exec. Dean & Trustee

    Total calculated
    $479,321
    From this org
    $479,321
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $479,321
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $479,321

  • Joseph Drelich

    Treasurer

    Total calculated
    $57,702
    From this org
    $57,702
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

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

  • 3 · Written employment contract

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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
27 January 2025
IRS schema version
2022v5.0
Source object
202510479349300406

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.