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← VALENTIN FUSTER MT SINAI FOUNDATION FOR SCIENCE HEALTH & EMPOWERMENT

Form 990 for tax year 2023

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

Totals

Total revenue
$1,000,551
Total expenses
$886,383
Contributions and grants received
$1,000,551
Grants paid
$834,100
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$115,765
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$115,765
Program services expenses (Part IX)
$886,383
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$886,383

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ANDREW M SAUL

    CHAIRMAN/DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 15 related

  • DENNIS CHARNEY (1)(2)

    VICE PRESIDENT & DEAN, ISMMS

    Total calculated
    $5,471,287
    From this org
    $0
    From related orgs
    $5,416,895
    Other
    $54,392
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,100,000 related
    Bonus
    $0 + $308,000 related
    Other
    $0 + $4,008,895 related
    Deferred
    $0 + $33,000 related
    Nontaxable benefits
    $0 + $21,392 related
    Filer's total
    $0 + $5,471,287 related

  • MARK KOSTEGAN (1)

    SECRETARY & CHIEF DEV. OFFICER

    Total calculated
    $1,183,233
    From this org
    $0
    From related orgs
    $1,125,387
    Other
    $57,846
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $800,000 related
    Bonus
    $0 + $154,000 related
    Other
    $0 + $171,387 related
    Deferred
    $0 + $33,000 related
    Nontaxable benefits
    $0 + $24,846 related
    Filer's total
    $0 + $1,183,233 related

  • STEPHEN HARVEY (1)

    TREASURER & CFO, MT SINAI

    Total calculated
    $2,107,872
    From this org
    $0
    From related orgs
    $2,026,048
    Other
    $81,824
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,200,000 related
    Bonus
    $0 + $390,775 related
    Other
    $0 + $435,273 related
    Deferred
    $0 + $33,000 related
    Nontaxable benefits
    $0 + $48,824 related
    Filer's total
    $0 + $2,107,872 related

  • VALENTIN FUSTER

    PRESIDENT & DIRECTOR

    Total calculated
    $1,536,454
    From this org
    $0
    From related orgs
    $1,469,119
    Other
    $67,335
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $212,097 related
    Bonus
    $0 + $115,500 related
    Other
    $0 + $1,141,522 related
    Deferred
    $0 + $21,209 related
    Nontaxable benefits
    $0 + $46,126 related
    Filer's total
    $0 + $1,536,454 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

    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

  • 4b · Supplemental nonqualified retirement plan

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
THE DEAN, DR. DENNIS CHARNEY, WAS THE SOLE PARTICPANT IN THE ORGANIZATION'S SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN ("SERP") AND WAS PAID OUT HIS ONE TIME SERP PAYMENT OF $3,000,000 IN 2023. THE BENEFITS EARNED UNDER THE SERP ARE DESIGNED TO FUND THE DEAN'S EVENTUAL RETIREMENT. THE DEAN HAS WORKED AT MOUNT SINAI FOR 20 YEARS; 17 YEARS AS DEAN.
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 COMENSATION 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.

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202443179349308144

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