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Nonprofiteer
← MONTEFIORE EINSTEIN INC

Form 990 for tax year 2022

Filed by MONTEFIORE EINSTEIN INC.

Totals

Total revenue
$29,832,437
Total expenses
$30,418,015
Contributions and grants received
$0
Grants paid
$0
Program services expenses (Part IX)
$17,746,142
Management and general expenses
$12,671,873
Fundraising expenses
$0
Program service expenses (Part III)
$17,746,142

Program services were 58.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Philip O Ozuah MD PhD

    President & CEO

    Total calculated
    $9,906,213
    From this org
    $9,856,588
    From related orgs
    $0
    Other
    $49,625
    Hours/week
    2 + 58 related

    Schedule J breakdown matched by us

    Base
    $4,478,627
    Bonus
    $4,715,500
    Other
    $662,461
    Deferred
    $17,000
    Nontaxable benefits
    $32,625
    Filer's total
    $9,906,213

  • Colleen Blye

    Exec VP & CFO

    Total calculated
    $3,567,598
    From this org
    $3,537,630
    From related orgs
    $0
    Other
    $29,968
    Hours/week
    5 + 55 related

    Schedule J breakdown matched by us

    Base
    $1,644,082
    Bonus
    $1,081,500
    Other
    $812,048
    Deferred
    $17,000
    Nontaxable benefits
    $12,968
    Filer's total
    $3,567,598

  • CHRISTOPHER S PANCZNER

    ASSISTANT SECRETARY

    Total calculated
    $1,898,457
    From this org
    $1,857,333
    From related orgs
    $0
    Other
    $41,124
    Hours/week
    2 + 58 related

    Schedule J breakdown matched by us

    Base
    $954,591
    Bonus
    $310,000
    Other
    $592,742
    Deferred
    $17,000
    Nontaxable benefits
    $24,124
    Filer's total
    $1,898,457

  • Gloria Kenny

    System SVP & Chief HR Officer

    Total calculated
    $1,553,928
    From this org
    $1,284,072
    From related orgs
    $0
    Other
    $269,856
    Hours/week
    2 + 58 related

    Schedule J breakdown matched by us

    Base
    $928,238
    Bonus
    $333,800
    Other
    $22,034
    Deferred
    $269,160
    Nontaxable benefits
    $696
    Filer's total
    $1,553,928

  • Edward Pfleging

    SVP-Facilities and Real Estate

    Total calculated
    $1,347,831
    From this org
    $1,085,621
    From related orgs
    $0
    Other
    $262,210
    Hours/week
    0 + 60 related

    Schedule J breakdown matched by us

    Base
    $888,587
    Bonus
    $175,000
    Other
    $22,034
    Deferred
    $232,081
    Nontaxable benefits
    $30,129
    Filer's total
    $1,347,831

  • Evan Resnick

    VP - Finance

    Total calculated
    $1,147,814
    From this org
    $1,100,550
    From related orgs
    $0
    Other
    $47,264
    Hours/week
    2 + 58 related

    Schedule J breakdown matched by us

    Base
    $722,031
    Bonus
    $378,159
    Other
    $360
    Deferred
    $17,000
    Nontaxable benefits
    $30,264
    Filer's total
    $1,147,814

  • Jeffrey Short

    VP & Chief of Staff

    Total calculated
    $706,642
    From this org
    $659,378
    From related orgs
    $0
    Other
    $47,264
    Hours/week
    0 + 60 related

    Schedule J breakdown matched by us

    Base
    $359,378
    Bonus
    $300,000
    Other
    $0
    Deferred
    $17,000
    Nontaxable benefits
    $30,264
    Filer's total
    $706,642

  • Kathleen Keans

    SVP Development & CPO

    Total calculated
    $674,468
    From this org
    $626,854
    From related orgs
    $0
    Other
    $47,614
    Hours/week
    0 + 60 related

    Schedule J breakdown matched by us

    Base
    $605,854
    Bonus
    $0
    Other
    $21,000
    Deferred
    $17,000
    Nontaxable benefits
    $30,614
    Filer's total
    $674,468

  • JAY B ABRAMSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 3 related

  • JAMES M BUTLER

    Vice Chair

    Total calculated
    $0
    Hours/week
    0.5 + 3.75 related

  • MELISSA CERIALE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • NATHAN GANTCHER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25 + 2.25 related

  • JOHN HEFFER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.75 + 1.25 related

  • ALAN M KLEIN

    Secretary

    Total calculated
    $0
    Hours/week
    0.75 + 2.75 related

  • CATHERINE KLEMA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25 + 3.75 related

  • STACEY R LANE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.75 + 2.25 related

  • JONATHAN A LIPTON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25 + 1.25 related

  • MATTHEW H NORD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25 + 1.25 related

  • MICHAEL A STOCKER MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25 + 3 related

  • DAVID A TANNER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25 + 1.25 related

  • DANIEL R TISHMAN

    Chair

    Total calculated
    $0
    Hours/week
    1 + 2.25 related

  • Barry S Blattman

    Trustee

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • Alisa R Doctoroff

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Emanuel Chirico

    Treasurer

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • Ruth L Gottesman EdD

    Trustee

    Total calculated
    $0
    Hours/week
    0.25 + 2.25 related

  • GAYLE F ROBINSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 2 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 — 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 · 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)

Part I, Lines 3, 4B & Part II - Columns (B)(I), (II) and (III)
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 position with SIMILAR size 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 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 and paid out in 2022 as taxable income: Philip O. Ozuah, M.D., PH.D. - $632,224; Christopher Panczner - $558,708; Colleen Blye - $810,464. The Health System also funds a second defined contribution SERP plan. Two reportable individuals 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. There was no distributions for the reportable participates of the plan in 2022. Unvested contributions made to the plan in 2022 were reported in column (C) as deferred compensation for one of the participate: Edward Pfleging - $215,081. The other Participate, Philip Ozuah, M.D., Ph.D., unvested contributions was not reported as deferred compensation in column (C) since the benefits will be paid out before two and half months after year end.
Part I, Line 7
Part of the annual incentive awards in Column (B)(II) paid by the organization to persons listed on Form 990, part VII, Section A, Line 1A were based on compensation Board or 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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
8 November 2023
IRS schema version
2022v5.0
Source object
202323129349301332

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