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The Mount Sinai Hospital

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 131624096 ✦ New york, NY ✦ Designated as a 501(c)(3)

Overview

What is The Mount Sinai Hospital?

The Mount Sinai Hospital, located in New York City, is a leading healthcare provider committed to delivering quality medical services to all individuals, regardless of their background or ability to pay. They prioritize providing significant amounts of uncompensated care through sliding fee schedules for uninsured and under-insured patients. The hospital's charity care policy ensures access to healthcare for those in need, carefully assessing their financial situation. The hospital's estimated charity care costs were $42.2 million and $45.5 million for 2022 and 2021, respectively. Funds from the New York State Indigent Care Pool help offset these costs. For patients who do not qualify for sliding scale fees, uncollected balances are categorized as bad debts. The Mount Sinai Hospital serves the East Harlem community, which is designated as a medically underserved area, and offers a wide range of programs and services including primary care, AIDS care, cardiovascular health, cancer treatment, maternal and infant health, geriatrics, and adolescent health, among others. Their mission is centered on clinical excellence, patient care, teaching, and scholarly inquiry into the causes, prevention, and treatment of human disease.


Official website here: www.mountsinai.org

Is The Mount Sinai Hospital legitimate?

The Mount Sinai Hospital is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Mount Sinai Hospital submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $11,607,567
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,318,352,588

For more financial information, click here


Official website here: www.mountsinai.org

What is the mission statement of The Mount Sinai Hospital?

The Mount Sinai Hospital is dedicated to delivering top-notch patient care and advancing medical knowledge through education, research, and community outreach. Its central mission involves providing high-quality healthcare with a strong emphasis on compassion and scholarly inquiry. The hospital caters to all individuals, irrespective of their race, creed, sex, national origin, or ability to pay. Despite relying on reimbursement for services, the hospital recognizes the need to provide uncompensated care to those in need, offering sliding fee schedules for the underinsured and uninsured who qualify. The hospital's total uncompensated care costs due to bad debts totaled $111.7 million in 2022 and $83.6 million in 2021. The Mount Sinai Hospital serves as the primary healthcare provider for a medically underserved area, offering a wide array of programs and services, including primary care, AIDS support, cardiovascular health, cancer treatment, maternal and infant health, geriatrics, and ambulatory sensitive conditions care, among others.


Official website here: www.mountsinai.org

Who is the CEO of The Mount Sinai Hospital?

Stephen Harvey is the Chief Executive Officer of The Mount Sinai Hospital. The CEO's salary of The Mount Sinai Hospital is $2,542,406 and their total compensation is $6,896,381.


Official website here: www.mountsinai.org

What is the revenue of The Mount Sinai Hospital?

The Mount Sinai Hospital's revenue in 2022 was $3,709,594,465.


Official website here: www.mountsinai.org

Who are the executives of The Mount Sinai Hospital and what are their salaries?

The average compensation at The Mount Sinai Hospital during 2022 was $65,603. There are 20,273 employees and 786 volunteers at The Mount Sinai Hospital.

Here are 61 key members and their salaries (The Mount Sinai Hospital's CEO's salary is $2,542,406 and their total compensation is $6,896,381):

    Kenneth Davis Md (Chief Executive Officer)
  • Compensation: $2,542,406
  • Related: $4,264,570
  • Other: $89,405

    • Samin Sharma Md (Professor, Cardiology)
  • Compensation: $1,062,112
  • Related: $4,046,385
  • Other: $40,857

    • Margaret Pastuszko (President & System Coo)
  • Compensation: $960,458
  • Related: $1,611,050
  • Other: $64,512

    • Dennis Charney Md 1 (President, Academic Affairs)
  • Compensation: $836,411
  • Related: $1,402,976
  • Other: $50,417

    • Scott Pittman (Sr Vp Sys Chief Investment Off)
  • Compensation: $1,205,110
  • Related: $1,015,881
  • Other: $62,920

    • Stephen Harvey (Evp, System Cfo)
  • Compensation: $760,257
  • Related: $1,353,328
  • Other: $77,093

    • David L Reich Md (President And Coo)
  • Compensation: $2,047,394
  • Related: $0
  • Other: $57,621

    • Jeremy Boal Md (Evp, System Chief Clinical Off)
  • Compensation: $697,568
  • Related: $1,170,084
  • Other: $87,355

    • Beth Essig Esq (Evp, General Counsel)
  • Compensation: $606,764
  • Related: $1,080,097
  • Other: $51,704

    • Arthur Klein Md (Evp, President Of Health Ntwk)
  • Compensation: $980,061
  • Related: $658,563
  • Other: $41,771

    • Jeffrey Silberstein (Evp, System Cao)
  • Compensation: $546,021
  • Related: $971,970
  • Other: $32,107

    • Michael Pastier (Svp, Chief Financial Officer)
  • Compensation: $803,816
  • Related: $627,736
  • Other: $81,070

    • Burton P Drayer (Former Officer)
  • Compensation: $0
  • Related: $1,455,900
  • Other: $51,827

    • Kelly Cassano Do (Evp, Sys Ambulatory Operation)
  • Compensation: $261,843
  • Related: $1,011,761
  • Other: $41,879

    • Shirish Huprikar (Professor, Infectious Disease)
  • Compensation: $832,092
  • Related: $11,815
  • Other: $63,714

    • Cameron Hernandez (Executive Director & Coo Mshq)
  • Compensation: $832,331
  • Related: $0
  • Other: $61,967

    • Jonathan Kyriacou (Chief Operating Officer)
  • Compensation: $794,993
  • Related: $0
  • Other: $36,126

    • Frank Cino (Svp, System Chief Risk Officer)
  • Compensation: $241,321
  • Related: $429,574
  • Other: $52,869

    • Susan R Cullman (Vice Chairman/Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joel S Ehrenkranz (Vice Chairman/Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard A Friedman (Co-Chairman Of Board/Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Donald J Gogel (Vice Chairman/Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steven Hochberg (Vice Chairman/Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John A Levin (Vice Chairman/Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Eric Mindich (Vice Chairman/Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Minikes (Vice Chair/Treasurer/Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joel I Picket (Vice Chairman/Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard Ravitch (Vice Chairman/Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Judith O Rubin (Vice Chairman/Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thomas W Strauss (Vice Chairman/Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James S Tisch (Co-Chairman Of Board/Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrew M Alper (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Frank Bisignano (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeff T Blau (Vice Chairman/Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Henry M Calderon (Trustee (End Mar 2022))
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Edgar M Cullman Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David S Gottesman (Trustee (End Sep 2022))
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John B Hess (Vice Chairman/Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Kempner (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marc S Lipschultz (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Neary (Vice Chairman/Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alice Netter (Trustee (End Jul 2022))
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bernard W Nussbaum (Trustee (End Mar 2022))
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lewis Pell (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert F Savage Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Windreich (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John S Winkleman (Trustee (End Mar 2022))
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William H Wright Ii (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Zimmerman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brad Karp (Secretary/Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Eric Friedman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kimberley Harris (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrew Saul (Vice Chairman/Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Denise Saul (Trustee (End 3/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James W Crystal (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bonnie M Davis Md (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Glenn Dubin (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Henry R Kravis (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Hon Robert E Rubin (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carl Icahn (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Hamilton James (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.mountsinai.org

    Where can I find the form 990 for The Mount Sinai Hospital?

    The The Mount Sinai Hospital’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.mountsinai.org

    Learn more at the official website: www.mountsinai.org

    Mission Statement of The Mount Sinai Hospital

    The Mount Sinai Hospital, a leading medical institution, is dedicated to delivering compassionate patient care and advancing medicine through education, research, and outreach. Committed to the advancement of the art and science of medicine, the hospital prioritizes high-quality patient care and teaching in an atmosphere of scholarly inquiry and social concern.

    Mount Sinai is renowned for its mission to provide essential medical services to individuals, irrespective of their race, creed, sex, national origin, disability, age, or inability to pay. The hospital understands that not all individuals possess the financial capacity to access necessary medical care and education, and as a result, it provides significant amounts of uncompensated patient care. The hospital's charity care policy ensures the provision of quality healthcare to the community, carefully considering each patient's ability to pay.

    The Mount Sinai Hospital's charity care policy includes sliding fee schedules for uninsured and under-insured patients who qualify based on income tests. The hospital obtains and uses additional financial information for those who have not supplied the necessary information to determine their eligibility for charity care and financial aid. The hospital's estimated charity care costs were $42.2 million in 2022 and $45.5 million in 2021, covering the direct and indirect costs of providing charity care services. The hospital also receives funds from the New York State Indigent Care Pool to offset these costs.

    Mount Sinai is a significant provider of healthcare services to the East Harlem community, which is one of the poorest in the New York City region and has been designated as a medically underserved area. The hospital offers a wide range of programs and services to meet the diverse needs of the community, including primary care, AIDS treatment, cardiovascular health, cancer treatment, maternal and infant health, geriatrics, and ambulatory sensitive conditions such as asthma and diabetes. Additionally, the hospital provides adolescent health services, youth education, and volunteer opportunities.

    Impact

    This information is meant to be a general summary of The Mount Sinai Hospital. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, April 13, 2024

    The impact of The Mount Sinai Hospital is significant, particularly in the diverse communities it serves, such as the East Harlem area of New York City. Mount Sinai Hospital provides compassionate patient care and advanced medicine, aiming to improve the health and well-being of individuals regardless of their ability to pay. The hospital's charity care policy ensures that those in need receive quality healthcare services, even if they cannot afford them. In 2022, the estimated cost of charity care provided by The Mount Sinai Hospital was $42.2 million, reflecting its commitment to serving the community.

    In addition to providing essential medical services, Mount Sinai Hospital offers a wide range of programs and services tailored to the specific needs of the community. These include primary care, AIDS treatment, cardiovascular health services, cancer treatment, maternal and infant health services, geriatrics, and programs for adolescent and youth health. By addressing the healthcare needs of underserved communities like East Harlem, The Mount Sinai Hospital plays a crucial role in promoting health equity and improving the overall well-being of the population it serves.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $24,596,260
  • Program Service Revenue: $3,244,127,592
  • Gross Receipts: $3,709,681,487

    • Assets and Liabilities:
  • Total Assets: $6,009,433,106
  • Total Liabilities: $3,278,712,106
  • Net Assets: $2,730,721,000
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    NET PATIENT SERVICE

    Revenue

    $3,244,127,592

    Organization Details

    Founding Year

    1852

    Principal Officer

    Stephen Harvey

    Main Address

    ONE GUSTAVE L LEVY PLACE, NEW YORK, NY, 100296574

    NTEE Category

    Code: E22 - Health