Form 990 for tax year 2023
Filed by MEMORIAL SLOAN-KETTERING CANCER CENTER.
Totals
- Total revenue
- $1,670,357,000
- Total expenses
- $1,507,732,713
- Contributions and grants received
- $211,109,934
- Grants paid
- $0
- Program service revenue
- $1,273,993,000
- Investment income
- $215,146,000
- Other revenue
- -$29,891,934
- Total assets, end of year
- $8,540,897,000
- Total liabilities, end of year
- $4,125,786,000
- Net assets or fund balances, end of year
- $4,415,111,000
- Program services expenses (Part IX)
- $1,367,193,967
- Management and general expenses
- $60,718,134
- Fundraising expenses
- $79,820,612
- Program service expenses (Part III)
- $1,367,193,967
Program services were 90.7% 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.
-
1c · Fundraising events
$3,535,934
-
1e · Government grants (contributions)
$1,109,000
-
1f · All other contributions, gifts and grants
$206,465,000
-
1g · Noncash contributions included above
$6,461,350
-
2a · Program service revenue: SERVICES PROVIDED SEE NOTE A & ATTACH.1
total $1,269,227,000 · related or exempt $1,269,227,000
-
2b · Program service revenue: CAFETERIA
total $4,766,000 · related or exempt $4,766,000
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $68,631,000 · unrelated business $13,484,538 · excluded $55,146,462
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
securities $467,297,086
-
7b · Less cost or other basis and sales expenses
securities $320,782,086
-
7c · Gain or loss
securities $146,515,000 · other assets $0
-
7d · Net gain or loss
total $146,515,000 · excluded $146,515,000
-
8a · Fundraising events: gross income
$121,365
-
8a · Fundraising events: contributions included on line 1c
$3,535,934
-
8b · Fundraising events: direct expenses
$771,972
-
8c · Net income from fundraising events
total -$650,607 · excluded -$650,607
-
11a · Other revenue: INTERCORPORATE CORRECTION PY CONTRIB
total -$60,590,000 · related or exempt -$60,590,000
-
11b · Other revenue: FICA CREDIT & HEALTH WORK BONUS
total $10,491,000 · excluded $10,491,000
-
11c · Other revenue: VENDOR DISCOUNT
total $2,656,000 · excluded $2,656,000
-
11d · All other revenue
total $18,201,673 · related or exempt $0 · unrelated business $0 · excluded $18,201,673
-
11e · Other revenue, total
-$29,241,327
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $40,830,363 · program services $33,995,897 · management and general $4,803,114 · fundraising $2,031,352
-
7 · Other salaries and wages
total $581,915,146 · program services $536,482,174 · management and general $11,251,456 · fundraising $34,181,516
-
8 · Pension plan contributions
total $42,379,524 · program services $39,323,997 · management and general $1,106,660 · fundraising $1,948,867
-
9 · Other employee benefits
total $110,833,841 · program services $101,551,410 · management and general $2,214,769 · fundraising $7,067,662
-
10 · Payroll taxes
total $39,168,726 · program services $36,155,348 · management and general $1,015,842 · fundraising $1,997,536
-
11b · Fees: legal
total $14,200,477 · program services $11,715,574 · management and general $2,463,960 · fundraising $20,943
-
11c · Fees: accounting
total $1,596,974 · program services $1,580,410 · management and general $15,934 · fundraising $630
-
11d · Fees: lobbying
total $901,671 · program services $901,671
-
11f · Fees: investment management
total $10,018,167 · management and general $10,018,167
-
11g · Fees: other
total $105,833,394 · program services $92,010,481 · management and general $7,415,424 · fundraising $6,407,489
-
12 · Advertising and promotion
total $41,618,441 · program services $39,956,121 · fundraising $1,662,320
-
13 · Office expenses
total $162,445,143 · program services $129,918,345 · management and general $9,677,375 · fundraising $22,849,423
-
14 · Information technology
total $123,069,320 · program services $112,986,833 · management and general $8,836,357 · fundraising $1,246,130
-
16 · Occupancy
total $36,633,240 · program services $35,887,402 · management and general $642,622 · fundraising $103,216
-
17 · Travel
total $2,540,465 · program services $2,205,466 · management and general $154,641 · fundraising $180,358
-
19 · Conferences, conventions and meetings
total $5,447,333 · program services $5,127,059 · management and general $37,173 · fundraising $283,101
-
20 · Interest
total $35,991,435 · program services $35,991,435
-
22 · Depreciation, depletion and amortization
total $120,571,540 · program services $120,210,060 · management and general $106,770 · fundraising $254,710
-
23 · Insurance
total $3,185,915 · program services $2,999,033 · management and general $26,142 · fundraising $160,740
-
24a · Other expenses: NET REQUISITIONED SERVICES
total $21,155,669 · program services $20,360,958 · management and general $794,711
-
24b · Other expenses: MED/SURG SUPPLIES
total $7,536,525 · program services $7,405,167 · management and general $131,358
-
24c · Other expenses: PHARMACEUTICALS
total $429,900 · program services $429,126 · management and general $774
-
24d · Other expenses: UBIT EXPENSE
total $4,885 · management and general $4,885
-
24e · All other expenses
total -$575,381 · program services $0 · management and general $0 · fundraising -$575,381
-
26 · Joint costs (an allocation of the lines above)
total $12,952,793 · program services $3,633,255 · fundraising $9,319,538
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $269,934,000 · end of year $553,103,000
-
2 · Savings and temporary cash investments
beginning of year $1,011,324,000 · end of year $881,428,000
-
3 · Pledges and grants receivable
beginning of year $155,736,000 · end of year $150,679,000
-
4 · Accounts receivable
end of year $93,819,000
-
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 $76,449,000 · end of year $85,809,000
-
8 · Inventories for sale or use
beginning of year $2,142,000 · end of year $2,484,000
-
9 · Prepaid expenses and deferred charges
beginning of year $579,222,000 · end of year $527,751,000
-
10a · Land, buildings and equipment: cost or other basis
$2,044,533,000
-
10b · Land, buildings and equipment: accumulated depreciation
$953,808,000
-
10c · Land, buildings and equipment, net
beginning of year $1,019,335,000 · end of year $1,090,725,000
-
11 · Investments: publicly traded securities
beginning of year $2,968,403,000 · end of year $3,309,131,000
-
12 · Investments: other securities
beginning of year $1,847,674,000 · end of year $1,845,968,000
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $589,307,000 · end of year $802,838,000
-
20 · Tax-exempt bond liabilities
beginning of year $1,922,836,000 · end of year $1,851,961,000
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $1,350,000,000 · end of year $1,350,000,000
-
25 · Other liabilities
beginning of year $557,544,000 · end of year $120,987,000
-
27 · Net assets without donor restrictions
beginning of year $3,155,396,000 · end of year $4,072,476,000
-
28 · Net assets with donor restrictions
beginning of year $355,136,000 · end of year $342,635,000
Mission and programs · 2023
Mission
MEMORIAL SLOAN-KETTERING CANCER CENTER IS DEDICATED TO THIS MISSION: LEADERSHIP IN THE PREVENTION, TREATMENT, AND CURE OF CANCER THROUGH EXCELLENCE, VISION, AND COST-EFFECTIVENESS IN PATIENT CARE, OUTREACH PROGRAMS, RESEARCH, AND EDUCATION.
Activities or mission (Part I)
LEADERSHIP IN THE PREVENTION, TREATMENT, AND CURE OF CANCER THROUGH EXCELLENCE, VISION, AND COST EFFECTIVENESS IN PATIENT CARE, OUTREACH PROGRAMS, RESEARCH, AND EDUCATION.
-
SEE SCHEDULE O
Expenses $1,324,320,315 · Revenue $1,208,637,000
-
SEE SCHEDULE O
Expenses $30,181,627 · Revenue $4,766,000
-
MSKCC PAYS FEES TO CORNELL MEDICAL CENTER AND OTHER MEDICAL INSTITUTIONS FOR STAFF TO FURTHER THEIR SCIENTIFIC EDUCATION. IN ADDITION, THE CENTER HOSTS A NUMBER OF SYMPOSIUMS, SOME OF WHICH ARE OPEN TO THE PUBLIC.
Expenses $12,692,025
As filed on the 2023 return.
Listed in Part VII
-
Selwyn Vickers MDSELWYN VICKERS MD
BOARD MEMBER, PRESIDENT AND CHIEF EXECUTIVE
- Total calculated
- $5,787,159
- From this org
- $5,489,537
- From related orgs
- $0
- Other
- $297,622
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $2,987,929
- Bonus
- $2,458,333
- Other
- $43,275
- Deferred
- $26,400
- Nontaxable benefits
- $271,222
- Filer's total
- $5,787,159
-
Alan SchnitzerALAN SCHNITZER
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Alexander T RobertsonALEXANDER T ROBERTSON
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Anthony B EvninANTHONY B EVNIN
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Benjamin W Heineman JrBENJAMIN W HEINEMAN JR
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Bruce C RatnerBRUCE C RATNER
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Clifton S RobbinsCLIFTON S ROBBINS
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Douglas A Warner IIIDOUGLAS A WARNER III
HONORARY CHAIR OF THE BOARD
- Total calculated
- $0
- Hours/week
- 5
-
Ellen V FutterELLEN V FUTTER
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Henry A FernandezHENRY A FERNANDEZ
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Ian CookIAN COOK
VICE CHAIR OF THE BOARD
- Total calculated
- $0
- Hours/week
- 5
-
James D Robinson IIIJAMES D ROBINSON III
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
James G NivenJAMES G NIVEN
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Jamie C NichollsJAMIE C NICHOLLS
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
John R StrangfeldJOHN R STRANGFELD
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Jonathan N GrayerJONATHAN N GRAYER
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Louis V Gerstner JrLOUIS V GERSTNER JR
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Margaret KeaneMARGARET KEANE
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Marie-Josee KravisMARIE-JOSEE KRAVIS
VICE CHAIR OF THE BOARD
- Total calculated
- $0
- Hours/week
- 5
-
Peter A WeinbergPETER A WEINBERG
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Peter J SolomonPETER J SOLOMON
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Richard BeattieRICHARD BEATTIE
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Richard N FosterRICHARD N FOSTER
Board Member (UNTIL 10/23)
- Total calculated
- $0
- Hours/week
- 2
-
Roger W FergusonROGER W FERGUSON
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Scott M StuartSCOTT M STUART
CHAIR OF THE BOARD
- Total calculated
- $0
- Hours/week
- 5
-
Stanley F DruckenmillerSTANLEY F DRUCKENMILLER
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Stephen C SherrillSTEPHEN C SHERRILL
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Stephen FriedmanSTEPHEN FRIEDMAN
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Virginia M RomettyVIRGINIA M ROMETTY
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
William E FordWILLIAM E FORD
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
William HelmanWILLIAM HELMAN
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Amador CentenoAMADOR CENTENO
SVP OF FACILITIES MANAGEMENT & REAL ESTATE DEVELOPMENT (UNTIL 10/23)
- Total calculated
- $1,093,745
- From this org
- $1,063,117
- From related orgs
- $0
- Other
- $30,628
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $651,000
- Bonus
- $217,500
- Other
- $194,617
- Deferred
- $26,400
- Nontaxable benefits
- $4,228
- Filer's total
- $1,093,745
-
Anaeze Offodile MDANAEZE OFFODILE MD
EVP, CHIEF STRATEGY OFFICER (EFF 5/23)
- Total calculated
- $580,514
- From this org
- $544,669
- From related orgs
- $0
- Other
- $35,845
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $468,838
- Bonus
- $75,000
- Other
- $831
- Deferred
- $26,400
- Nontaxable benefits
- $9,445
- Filer's total
- $580,514
-
Carolyn Levine EsqCAROLYN LEVINE ESQ
VP, DEPUTY GENERAL COUNSEL & CORPORATE SECRETARY
- Total calculated
- $631,137
- From this org
- $565,599
- From related orgs
- $0
- Other
- $65,538
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $463,342
- Bonus
- $92,458
- Other
- $9,799
- Deferred
- $26,400
- Nontaxable benefits
- $39,138
- Filer's total
- $631,137
-
Debra BernsDEBRA BERNS
SVP & CHIEF RISK OFFICER
- Total calculated
- $1,182,772
- From this org
- $1,136,118
- From related orgs
- $0
- Other
- $46,654
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $757,092
- Bonus
- $373,500
- Other
- $5,526
- Deferred
- $26,400
- Nontaxable benefits
- $20,254
- Filer's total
- $1,182,772
-
Erin McDonoughERIN MCDONOUGH
EVP, CHIEF MARKETING & COMMUNICATION OFFICER
- Total calculated
- $1,030,775
- From this org
- $985,689
- From related orgs
- $0
- Other
- $45,086
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $769,518
- Bonus
- $210,310
- Other
- $5,861
- Deferred
- $26,400
- Nontaxable benefits
- $18,686
- Filer's total
- $1,030,775
-
Jason KleinJASON KLEIN
SVP & CHIEF INVESTMENT OFFICER
- Total calculated
- $3,581,445
- From this org
- $3,498,969
- From related orgs
- $0
- Other
- $82,476
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $1,133,496
- Bonus
- $2,225,250
- Other
- $140,223
- Deferred
- $26,400
- Nontaxable benefits
- $56,076
- Filer's total
- $3,581,445
-
Jorge LopezJORGE LOPEZ
EVP & GENERAL COUNSEL
- Total calculated
- $1,590,578
- From this org
- $1,508,282
- From related orgs
- $0
- Other
- $82,296
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $986,585
- Bonus
- $499,614
- Other
- $22,083
- Deferred
- $26,400
- Nontaxable benefits
- $55,896
- Filer's total
- $1,590,578
-
Kathryn MartinKATHRYN MARTIN
CHIEF OPERATING OFFICER (UNTIL 3/23)
- Total calculated
- $4,762,491
- From this org
- $4,698,854
- From related orgs
- $0
- Other
- $63,637
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $531,356
- Bonus
- $3,043,618
- Other
- $1,123,880
- Deferred
- $26,400
- Nontaxable benefits
- $37,237
- Filer's total
- $4,762,491
-
Kenneth ManottiKENNETH MANOTTI
SVP, CHIEF DEVELOPMENT OFFICER
- Total calculated
- $1,991,902
- From this org
- $1,921,418
- From related orgs
- $0
- Other
- $70,484
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $922,339
- Bonus
- $967,794
- Other
- $31,285
- Deferred
- $26,400
- Nontaxable benefits
- $44,084
- Filer's total
- $1,991,902
-
Kerry BesseyKERRY BESSEY
SR VP/CHIEF HUMAN RESOURCES OFCR (UNTIL 3/23)
- Total calculated
- $1,782,170
- From this org
- $1,702,273
- From related orgs
- $0
- Other
- $79,897
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $730,628
- Bonus
- $945,368
- Other
- $26,277
- Deferred
- $26,400
- Nontaxable benefits
- $53,497
- Filer's total
- $1,782,170
-
Lakisha MackLAKISHA MACK
EVP, CHIEF ADMINISTRATIVE OFFICER (EFF 3/23)
- Total calculated
- $674,180
- From this org
- $616,975
- From related orgs
- $0
- Other
- $57,205
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $565,561
- Bonus
- $50,000
- Other
- $1,414
- Deferred
- $26,400
- Nontaxable benefits
- $30,805
- Filer's total
- $674,180
-
Mark SvenningsonMARK SVENNINGSON
VP, FINANCE (UNTIL 2/23)
- Total calculated
- $1,781,759
- From this org
- $1,766,755
- From related orgs
- $0
- Other
- $15,004
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $163,792
- Bonus
- $1,600,000
- Other
- $2,963
- Deferred
- $8,939
- Nontaxable benefits
- $6,065
- Filer's total
- $1,781,759
-
Michael HarringtonMICHAEL HARRINGTON
EVP & CHIEF FINANCIAL OFFICER
- Total calculated
- $2,398,770
- From this org
- $2,334,269
- From related orgs
- $0
- Other
- $64,501
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $1,487,308
- Bonus
- $822,841
- Other
- $24,120
- Deferred
- $26,400
- Nontaxable benefits
- $38,101
- Filer's total
- $2,398,770
-
Remy EvardREMY EVARD
EVP, CHIEF DIGITAL OFFICER
- Total calculated
- $1,661,374
- From this org
- $1,589,476
- From related orgs
- $0
- Other
- $71,898
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $810,042
- Bonus
- $745,000
- Other
- $34,434
- Deferred
- $26,400
- Nontaxable benefits
- $45,498
- Filer's total
- $1,661,374
-
Tomya WattTOMYA WATT
EVP, INTERIM CHIEF HUMAN RESOURCES OFFICER (EFF 3/23)
- Total calculated
- $969,550
- From this org
- $898,519
- From related orgs
- $0
- Other
- $71,031
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $635,327
- Bonus
- $258,419
- Other
- $4,773
- Deferred
- $26,400
- Nontaxable benefits
- $44,631
- Filer's total
- $969,550
-
Gregory RaskinGREGORY RASKIN
VP TECHNOLOGY DEVELOPMENT
- Total calculated
- $1,165,789
- From this org
- $1,086,845
- From related orgs
- $0
- Other
- $78,944
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $650,254
- Bonus
- $294,600
- Other
- $141,991
- Deferred
- $26,400
- Nontaxable benefits
- $52,544
- Filer's total
- $1,165,789
-
Nirschl NovisiNIRSCHL NOVISI
DIRECTOR INVESTMENTS
- Total calculated
- $1,164,711
- From this org
- $1,083,540
- From related orgs
- $0
- Other
- $81,171
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $505,417
- Bonus
- $578,123
- Other
- $0
- Deferred
- $26,400
- Nontaxable benefits
- $54,771
- Filer's total
- $1,164,711
-
Steven KaelSTEVEN KAEL
DIRECTOR INVESTMENTS
- Total calculated
- $1,195,499
- From this org
- $1,125,083
- From related orgs
- $0
- Other
- $70,416
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $969,701
- Bonus
- $154,500
- Other
- $882
- Deferred
- $26,400
- Nontaxable benefits
- $44,016
- Filer's total
- $1,195,499
-
Thomas BarberTHOMAS BARBER
Deputy Physician in Chief
- Total calculated
- $1,113,137
- From this org
- $1,056,958
- From related orgs
- $0
- Other
- $56,179
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $95,751
- Bonus
- $150,000
- Other
- $811,207
- Deferred
- $20,839
- Nontaxable benefits
- $35,340
- Filer's total
- $1,113,137
-
Wendy PerchickWENDY PERCHICK
SVP STRATEGIC PLANNING
- Total calculated
- $1,521,718
- From this org
- $1,502,475
- From related orgs
- $0
- Other
- $19,243
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $400,977
- Bonus
- $400,000
- Other
- $701,498
- Deferred
- $2,380
- Nontaxable benefits
- $16,863
- Filer's total
- $1,521,718
-
Craig Thompson MDCRAIG THOMPSON MD
FORMER PRESIDENT & CEO
- Total calculated
- $2,091,783
- From this org
- $0
- From related orgs
- $2,021,713
- Other
- $70,070
- Hours/week
- 0 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $702,433 related
- Bonus
- $0 + $1,138,583 related
- Other
- $0 + $180,697 related
- Deferred
- $0 + $26,400 related
- Nontaxable benefits
- $0 + $43,670 related
- Filer's total
- $0 + $2,091,783 related
-
Roxanne TaylorROXANNE TAYLOR
Former Officer
- Total calculated
- $1,077,404
- From this org
- $1,077,404
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $299,279
- Other
- $778,125
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $1,077,404
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
- 1a · Housing allowance or residence for personal use
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4a · Severance or change-of-control payment
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
- 9 · Followed the rebuttable-presumption procedure
Answered no
- 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
The filer's explanations (Part III)
- Schedule J, Part I, Line 1a First-class or charter travel
- BUSINESS OR FIRST-CLASS TRAVEL IS ALLOWED FOR FLIGHTS GREATER THAN SIX CONTINUOUS HOURS FOR ANY EMPLOYEE NOT FUNDED BY FEDERAL GRANTS. EXCEPTIONS TO THE SIX HOUR RULE ARE REVIEWED ON AN INDIVIDUAL BASIS. ALL TRAVEL MUST BE APPROVED BEFORE ANY ARRANGEMENTS ARE MADE. MSKCC HAS AN ACCOUNTABLE TRAVEL POLICY AND THEREFORE, DOES NOT INCLUDE TRAVEL AS TAXABLE COMPENSATION. THE DUTIES TO BE PERFORMED BY OUR PRESIDENT REQUIRE HIM TO BE ON CALL AND TO PERFORM DUTIES AS AND WHEN APPROPRIATE DURING HIS OFF-DUTY PERIODS AS WELL AS DURING NORMAL OFFICE HOURS. AN EMPLOYMENT CONTRACT REQUIRES OUR PRESIDENT TO LIVE IN THE OFFICIAL RESIDENCE OWNED AND MAINTAINED BY THE INSTITUTION. THE CONTRACT REQUIRES OUR PRESIDENT TO USE THE RESIDENCE FOR INSTITUTIONAL PURPOSES, INCLUDING, BUT NOT LIMITED TO, MEETINGS WITH STAFF, DONORS AND POTENTIAL DONORS, VISITING PROFESSORS AND SCIENTISTS, AND OTHER PERSONS INVOLVED WITH THE AFFAIRS OF THE INSTITUTION, CONFIDENTIAL INTERVIEWS WITH MEMBERS AND PROSPECTIVE MEMBERS OF THE STAFF; AND FOR OTHER INSTITUTIONAL ACTIVITIES CONDUCTED DURING AND OUTSIDE OF NORMAL OFFICE HOURS. THE COST IS REPORTED AS COMPENSATION ON FORM 990 AND IS EXCLUDED FROM TAXABLE COMPENSATION IN ACCORDANCE WITH CODE SECTION 119.
- Schedule J, Part I, Line 4a Severance or change-of-control payment
- INCLUDED IN FORM 990 IS SEVERANCE PAY FOR: KATHRYN MARTIN $1,117,022 ROXANNE TAYLOR $778,125. THOMAS BARBER $754,182. WENDY PERCHICK $700,543. FREDRICK GROVES $591,588. AMADOR CENTENO $153,365. MARGARET BURKE $132,180
- Schedule J, Part I, Line 7 Non-fixed payments
- INCENTIVE PAY IS PROVIDED TO OFFICERS AND KEY EMPLOYEES BASED ON THEIR ACHIEVEMENT OF PRE-DETERMINED GOALS RELATING TO QUALITY OF CARE, PATIENT SAFETY, OPERATIONAL EFFICIENCY AND FINANCIAL PERFORMANCE. THE COMPENSATION COMMITTEE OF THE BOARD AUTHORIZES ALL EXECUTIVE BONUSES AND INCENTIVE PLANS ON AN ANNUAL BASIS. IN ADDITION, AS WELL AS AN OVERALL AUTHORIZATION AND APPROVAL FOR KEY EMPLOYEES AND OTHER MANAGEMENT INCLUDING PROFESSIONAL AND OTHER STAFF BY SETTING THE BONUS POOL IN CONJUNCTION WITH THE INPUT FROM HUMAN RESOURCES. STAFF BONUSES ARE IMPACTED BY ANNUAL MERIT REVIEW PROCESS.
- Schedule J, Part I, Line 8 Payments on contract that is subject to the initial contract exception
- AN EMPLOYMENT CONTRACT WAS ENTERED INTO AND SIGNED PRIOR TO EMPLOYMENT.
- Schedule J, Part II
- Craig Thompson, MD was the President & CEO until September 2022. Since then, he became a Research Member of Sloan Kettering Institute for Cancer Research. His compensation includes a bonus earned in 2022 but paid in 2023.
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.
-
501(c)(3) · CANCER CARE · NY · controlled entity
Directly controlled by MSKCC
-
TRI-INSTITUTIONAL THERAPEUTIS DISCOVERY
501(c)(3) · MEDICAL RESEARCH EDUCATION · DE
Directly controlled by NA
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.
-
PROSTATE CANCER CLINICAL TRIAL
CANCER CARE · DE · income $239,752 · assets $22,297,784
Directly controlled by MSKCC
-
MSK ABC LLC
MSK Event Services · NY · income $0 · assets $0
Directly controlled by MSKCC
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
MSKCC REGIONAL NETWORK
Related · HEALTH CARE · NY · 100% owned · share of income $13,178,586 · general or managing partner
Directly controlled by MEM
-
MEMORIAL RADIATION ONCOLOGY GROUP
Related · HEALTH CARE · NY · 100% owned · share of income $49,043,708 · general or managing partner
Directly controlled by MEM
-
MEMORIAL DEVELOPMENTAL CHEMO GROUP
Related · HEALTH CARE · NY · 100% owned · share of income $6,178,380 · general or managing partner
Directly controlled by MEM
-
MEMORIAL MEDICAL CONSULTATION GROUP
Related · HEALTH CARE · NY · 100% owned · share of income $11,194,995 · general or managing partner
Directly controlled by MEM
-
MEMORIAL CARDIOPULMONARY GROUP
Related · HEALTH CARE · NY · 100% owned · share of income $6,763,548 · general or managing partner
Directly controlled by MEM
-
MEMORIAL CLINICAL PHYSIOLOGY GROUP
Related · HEALTH CARE · NY · 100% owned · share of income $2,128,419 · general or managing partner
Directly controlled by MEM
-
MEMORIAL GASTROENTEROLOGY GROUP
Related · HEALTH CARE · NY · 100% owned · share of income $11,850,057 · general or managing partner
Directly controlled by MEM
-
MEMORIAL HEMATOLOGYLYMPHOMA GROUP
Related · HEALTH CARE · NY · 100% owned · share of income $25,830,818 · general or managing partner
Directly controlled by MEM
-
MEMORIAL SOLID TUMOR GROUP
Related · HEALTH CARE · NY · 100% owned · share of income $50,183,466 · general or managing partner
Directly controlled by MEM
-
MEMORIAL NUCLEAR MEDICINE GROUP
Related · HEALTH CARE · NY · 100% owned · share of income $10,548,704 · general or managing partner
Directly controlled by MEM
-
MEMORIAL DERMATOLOGY GROUP
Related · HEALTH CARE · NY · 100% owned · share of income $9,205,807 · general or managing partner
Directly controlled by MEM
-
MEMORIAL INFECTIOUS DISEASE GROUP
Related · HEALTH CARE · NY · 100% owned · share of income $3,222,314 · general or managing partner
Directly controlled by MEM
-
MEMORIAL ENDOCRINE GROUP
Related · HEALTH CARE · NY · 100% owned · share of income $5,267,417 · general or managing partner
Directly controlled by MEM
-
MEMORIAL PULMONARY FUNCTION GROUP
Related · HEALTH CARE · NY · 100% owned · share of income $5,324,252 · general or managing partner
Directly controlled by MEM
-
MEMORIAL PEDIATRICS GROUP
Related · HEALTH CARE · NY · 100% owned · share of income $10,982,058 · general or managing partner
Directly controlled by MEM
-
MEMORIAL PATHOLOGY GROUP
Related · HEALTH CARE · NY · 100% owned · share of income $58,649,582 · general or managing partner
Directly controlled by MEM
-
MEMORIAL ANESTHESIOLOGY GROUP
Related · HEALTH CARE · NY · 100% owned · share of income $68,171,831 · general or managing partner
Directly controlled by MEM
-
MSKCC RADIOLOGY GROUP
Related · HEALTH CARE · NY · 100% owned · share of income $96,011,282 · general or managing partner
Directly controlled by MEM
-
MEMORIAL NEUROLOGY GROUP
Related · HEALTH CARE · NY · 100% owned · share of income $15,689,212 · general or managing partner
Directly controlled by MEM
-
MEMORIAL PSYCHIATRY GROUP
Related · HEALTH CARE · NY · 100% owned · share of income $5,692,461 · general or managing partner
Directly controlled by MEM
-
MSKCC SURGERY GROUP
Related · HEALTH CARE · NY · 100% owned · share of income $194,327,254 · general or managing partner
Directly controlled by MEM
-
MEMORIAL SLOAN-KETTERING CANCER CENTER SUFFOLK AT HAUPPAUGE
Related · HEALTH CARE · NY · 100% owned · share of income $5,951,539 · general or managing partner
Directly controlled by MEM
-
MSK HARRISON
Related · HEALTH CARE · NY · 100% owned · share of income $17,557,107 · general or managing partner
Directly controlled by MEM
-
MSK MONMOUTH
Related · HEALTH CARE · NY · 100% owned · share of income $31,489,174 · general or managing partner
Directly controlled by MEM
-
MSK SURGERY NJ
Related · HEALTH CARE · NY · 100% owned · share of income $235,323 · general or managing partner
Directly controlled by MEM
-
MSKCC CLINICAL PRACTICE PLAN
Related · HEALTH CARE · NY · 100% owned · share of income $13,858,368 · general or managing partner
Directly controlled by MEM
-
MSKCC INTEGRATIVE MEDICINE GROUP
Related · HEALTH CARE · NY · 100% owned · share of income $2,301,652 · general or managing partner
Directly controlled by MEM
-
MEMORIAL SLOAN-KETTERING CANCER CENTER AT BASKING RIDGE NEW JERSEY
Related · HEALTH CARE · NY · 100% owned · share of income $23,973,402 · general or managing partner
Directly controlled by MEM
-
MSK BERGEN
Related · HEALTH CARE · NY · 100% owned · share of income $24,012,636 · general or managing partner
Directly controlled by MEM
-
MSK NASSAU
Related · HEALTH CARE · NY · 100% owned · share of income $10,298,990 · general or managing partner
Directly controlled by MEM
-
MEMORIAL URGENT CARE GROUP
Related · HEALTH CARE · NY · 100% owned · share of income $8,215,420 · general or managing partner
Directly controlled by MEM
-
MEMORIAL CLINICAL GENETICS GROUP
Related · HEALTH CARE · NY · 100% owned · share of income $1,134,069 · general or managing partner
Directly controlled by MEM
-
BTS LIQUIDATING LLC
Excluded · INVESTMENTS · NY · 80% owned · share of income -$28,286 · share of assets $100,138
Directly controlled by MSK
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
CHARITABLE REMAINDER TRUSTS (158)
Trust · CHARITABLE REMAINDER TRUSTS · NY
Directly controlled by NA
-
TWO SIGMA US ALL CAP
C Corporation · INVESTMENT · CJ · 100% owned · share of income $27,624,342 · share of assets $118,140,305 · controlled entity
Directly controlled by MSK
-
AXAR OFFSHORE FUND LT
C Corporation · INVESTMENT · CJ · 80.35% owned · share of income $1,008,741 · share of assets $49,326,155 · controlled entity
Directly controlled by MSK
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433199349316733
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