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MEMORIAL SLOAN-KETTERING CANCER CENTER

NEW YORK, NY · EIN 131924236 · Form 990 · FY2024 · NTEE E120 · Health Care · Very Large (>$50M)
revenue
$1.8B
expenses
$1.6B
net assets
$5.1B
employees
25,931
volunteers
394
program ratio
91%
mission · from form 990

LEADERSHIP IN THE PREVENTION, TREATMENT, AND CURE OF CANCER THROUGH EXCELLENCE, VISION, AND COST EFFECTIVENESS IN PATIENT CARE, OUTREACH PROGRAMS, RESEARCH, AND EDUCATION.

profile · synthesized from sources

Memorial Sloan-Kettering Cancer Center is a leading cancer treatment and research institution based in New York City. It provides comprehensive patient care, conducts cutting-edge oncology research, and offers education and outreach programs focused on cancer prevention, early detection, and treatment. The center also operates support services such as a patient and visitor cafeteria and a volunteer society to enhance patient well-being.

irs program accomplishments · form 990 part iii · fy2024

What they reported doing

  1. #1 primary $36.21M
    SEE SCHEDULE O
  2. #2 $16.90M
    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.
named programs · 5 · from sources

What they call their work

Cafeteria Services
Operates a cafeteria serving meals and snacks to patients, visitors, and staff within the main building complex
Cancer Research
Conducts laboratory and clinical research aimed at understanding, preventing, and curing cancer
Education and Training
Offers scientific education programs for medical staff and hosts symposia for professionals and the public
Patient Care and Treatment
Provides comprehensive cancer care including diagnosis, surgery, chemotherapy, and supportive services to patients at its New York facility
Society of MSKCC
Volunteer organization supporting patient well-being, funding research, and providing public education on cancer
activities · 3 groups

What they do

  • Nonprofit-Operated Cafés and Social Enterprises 1 activity
    • Operate cafeteria services for patients and visitors
      Provides meal and snack purchasing options through a cafeteria located in the main building complex, serving patients and visitors.
  • Cancer Awareness and Education Initiatives 1 activity
    • Support public cancer education programs
      Engages in public education on cancer prevention, early detection, and treatment through the Society of Memorial Sloan-Kettering Cancer Center, a volunteer organization.
  • Hospital and Medical Center Support 1 activity
    • Support staff scientific education and host symposiums
      Funds staff scientific education at Cornell Medical Center and other institutions, and hosts educational symposiums, some of which are open to the public.
financials · form 990 · fy2024
revenue
Total revenue$1.82B
Contributions & grants$230.54M13%
Program service revenue$1.33B73%
Investment income$299.74M16%
Other revenue$-37.98M
expenses
Total expenses$1.57B
Program expenses91%
Admin / overhead4%
Fundraising5%
Salaries & benefits$858.33M
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$9.18B
Cash$1.58B
Investments$5.43B
Liabilities$4.13B
Net assets$5.05B
Liquid reserves53.8 mo
3 years on record · 2020–2024 · YoY revenue +8.9%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 25
NameTitleHours/wkCompensation
SELWYN VICKERS MD Board member, President & CEO 50 $6.98M
MICHAEL HARRINGTON EVP & CHIEF FINANCIAL OFFICER 50 $2.60M
JASON KLEIN SVP & CHIEF INVESTMENT OFFICER 50 $2.36M
KENNETH MANOTTI SVP & CHIEF DEVELOPMENT OFFICER 50 $2.15M
ERIN MCDONOUGH EVP, MARKETING & COMMUNICATION OFFICER 50 $1.96M
JORGE LOPEZ ESQ EVP & GENERAL COUNSEL 50 $1.75M
DEBRA BERNS SVP & CHIEF RISK OFFICER 50 $1.72M
KATHRYN MARTIN FORMER CHIEF OPERATING OFFICER 0 $1.70M
REMY EVARD EVP, CHIEF DIGITAL OFFICER 50 $1.69M
GREGORY RASKIN VP TECHNOLOGY DEVELOPMENT 50 $1.46M
LAKISHA MACK EVP, CHIEF ADMINISTRATIVE OFFICER 50 $1.25M
TOMYA WATT FORMER EVP, INTERIM CHIEF HUMAN RESOURCES OFFICER 50 $1.23M
PETER STEINHERZ MD Attending 0 $1.19M
LARRY NORTON MD SVP-OFFICE OF HOSPITAL PRESIDENT 50 $1.16M
ANAEZE OFFODILE MD EVP, CHIEF STRATEGY OFFICER 50 $1.16M
EILENE DE ALBUQUERQUE DIRECTOR INVESTMENTS 50 $1.08M
CHARLES RUDIN DIRECTOR CANCER CENTER 0 $1.05M
CRAIG THOMPSON MD FORMER PRESIDENT & CEO 50 $991K
MARK SVENNINGSON FORMER VP, FINANCE 0 $800K
FREDRICK GROVES FORMER EVP HOSPITAL ADMINISTRATION 0 $711K
KERRY BESSEY FORMER SR VP/CHIEF HUMAN RESOURCES OFFICER 0 $689K
CAROLYN LEVINE ESQ VP, DEPUTY GENERAL COUNSEL & CORPORATE SECRETARY 50 $650K
John Lasky EVP, CHIEF PEOPLE OFFICER 50 $443K
ROXANNE TAYLOR FORMER MARKETING OFFICER 0 $239K
AMADOR CENTENO FORMER SVP FACILITIES MGMT & REAL ESTATE DEVELOPMENT 0 $234K
relationships · 1

Who they work with

  • Cornell Medical Center Partner — Pays fees to support staff scientific education
strategies · 1

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Integrated Cancer Care Model
    methodology: integrated_cancer_care
    By integrating patient care, research, education, and outreach within a single excellence-driven framework, MSK produces more effective cancer prevention, treatment, and cures because alignment across clinical and scientific domains accelerates innovation and improves outcomes.