Overview
What is Mount Sinai Medical Center Foundation?
Mount Sinai Medical Center Foundation is a not-for-profit organization based in Miami Beach, Florida. Their primary mission is to raise funds for Mount Sinai Medical Center, a 501(c)(3) acute care teaching and research facility. The foundation's support enables the medical center to provide top-notch healthcare services to their diverse community, enhanced by teaching, research, charity care, and financial responsibility. With a team of eight employees, the foundation's commitment extends to ensuring Mount Sinai Medical Center in Florida delivers quality healthcare to its patients.
Official website here: www.msmcfoundation.org
What are the reviews and ratings of this charity?
92% rating from Charity Navigator indicates that Mount Sinai Medical Center Foundation has achieved a Four-Star out of Four Star rating, reflecting strong accountability and financial health. The organization demonstrates a solid commitment to transparency, with a board composed of 93% independent members and several policies in place to ensure ethical governance. The financial metrics are impressive, with a program expense ratio of 88.20% and minimal liabilities, suggesting that funds are effectively allocated towards mission-driven activities.
Despite the positive ratings, user reviews on Great Nonprofits highlight concerns regarding high executive compensation. Some donors feel that the level of pay for the executive director and board members is excessive and question the allocation of funds. This sentiment leads to skepticism about the foundation's operations, with some reviewers recommending direct donations to the hospital rather than through the foundation.
Overall, while the Mount Sinai Medical Center Foundation is recognized for its financial health and governance standards, concerns about executive compensation may impact public perception and trust.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Mount Sinai Medical Center Foundation legitimate?
Mount Sinai Medical Center Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mount Sinai Medical Center Foundation 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $628,721
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,155,020
For more financial information, click here
Official website here: www.msmcfoundation.org
What is the mission statement of Mount Sinai Medical Center Foundation?
The Mount Sinai Medical Center Foundation is dedicated to raising funds for a not-for-profit acute care teaching and research facility. This organization aims to enhance the provision of high-quality healthcare to a diverse community through its commitment to teaching, research, charity care, and financial responsibility. By raising funds, the foundation supports Mount Sinai Medical Center in its mission to provide top-tier healthcare services, ultimately improving the health and wellbeing of those it serves. The foundation's efforts are essential for the advancement of medical knowledge and the delivery of essential healthcare services to those in need.
Official website here: www.msmcfoundation.org
Who is the CEO of Mount Sinai Medical Center Foundation?
Gino Santorio is the Director, President/Ceo Msmc of Mount Sinai Medical Center Foundation. The CEO's salary of Mount Sinai Medical Center Foundation is $0 and their total compensation is $1,767,744.
Official website here: www.msmcfoundation.org
What is the revenue of Mount Sinai Medical Center Foundation?
Mount Sinai Medical Center Foundation's revenue in 2022 was $47,747,589.
Official website here: www.msmcfoundation.org
Who are the executives of Mount Sinai Medical Center Foundation and what are their salaries?
The average compensation at Mount Sinai Medical Center Foundation during 2022 was $222,968. There are 8 employees at Mount Sinai Medical Center Foundation.
Here are 33 key members and their salaries (Mount Sinai Medical Center Foundation's CEO's salary is $0 and their total compensation is $1,767,744):
- Compensation: $0
- Related: $1,697,116
- Other: $70,628
- Compensation: $0
- Related: $1,005,929
- Other: $73,459
- Compensation: $570,819
- Related: $0
- Other: $57,902
- Compensation: $256,597
- Related: $0
- Other: $11,761
- Compensation: $152,776
- Related: $0
- Other: $31,452
- Compensation: $149,156
- Related: $0
- Other: $31,009
- Compensation: $139,855
- Related: $0
- Other: $38,207
- Compensation: $0
- Related: $6,840
- Other: $0
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Official website here: www.msmcfoundation.org
Where can I find the form 990 for Mount Sinai Medical Center Foundation?
Mount Sinai Medical Center Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.msmcfoundation.org
Learn more at the official website: www.msmcfoundation.org
Mission Statement of Mount Sinai Medical Center Foundation
Mount Sinai Medical Center Foundation is a not-for-profit organization dedicated to raising funds for Mount Sinai Medical Center of Florida, a renowned acute care teaching and research facility. Its mission is geared towards enhancing the center's ability to offer high-quality healthcare to a diverse community through teaching, research, charity care, and financial responsibility.
The Foundation plays a crucial role in supporting Mount Sinai Medical Center, a 501(C)(3) organization, by providing capital and non-capital resources. This financial backing enables the medical center to continue its mission of delivering top-tier healthcare services to those in need. The Foundation's commitment to excellence extends beyond patient care, as it also prioritizes teaching and research to ensure the center remains at the forefront of medical advancements.
In addition to its fundraising efforts, Mount Sinai Medical Center Foundation is dedicated to charitable work and financial responsibility. By providing financial assistance to patients in need, the Foundation ensures that everyone, regardless of their financial situation, can access the essential healthcare services they require. This commitment to financial responsibility not only benefits individual patients but also contributes to the overall sustainability and success of the medical center.
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Impact
October, 2024
Mount Sinai Medical Center Foundation significantly impacts the community by raising funds to support the operations of Mount Sinai Medical Center of Florida, a leading acute care teaching and research facility. Through these efforts, the Foundation ensures that the medical center can provide high-quality healthcare services to a diverse population. This support enhances patient care through extensive teaching and research initiatives, fostering a culture of medical excellence and innovation.
Additionally, the Foundation plays a crucial role in facilitating charity care, ensuring that essential health services are accessible to individuals regardless of their financial circumstances. By prioritizing financial responsibility, the Foundation helps safeguard the sustainability of healthcare services in the region, ultimately contributing to the well-being of the community it serves.
This information is meant to be a general summary of Mount Sinai Medical Center Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,034,073
- Gross Receipts: $111,162,556
Assets and Liabilities:
- Total Assets: $397,671,758
- Total Liabilities: $2,521,453
- Net Assets: $395,150,305
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Organization Details
Founding Year
1976
Phone
(305) 674-2777Principal Officer
Gino Santorio
Main Address
4300 ALTON ROAD, MIAMI BEACH, FL, 33140
Website
www.msmcfoundation.orgNTEE Category
Code: E110 - Health
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