irs program accomplishments · form 990 part iii · fy2024
What they reported doing
- #1 primary $960.71MICAHN SCHOOL OF MEDICINE AT MOUNT SINAI CONDUCTS RESEARCH IN THE AREAS OF BIOLOGICAL, SOCIAL AND PHYSICAL SCIENCES. FUNDAMENTAL AND APPLIED RESEARCH IS PRIMARILY ENTERED IN GEOGRAPHIC PROXIMITY TO CLINICAL FACILITIES.
- #2 $268.32MICAHN SCHOOL OF MEDICINE AT MOUNT SINAI PASSIONATELY ADVANCES EDUCATION AND IS RESPONSIBLE FOR THE CERTIFICATION OF PHYSICIANS AT THE UNDERGRADUATE, GRADUATE AND POST-GRADUATE LEVELS AS WELL AS THE CERTIFICATION OF BIOMEDICAL SCIENTISTS AT THE GRADUATE LEVEL.
named programs · 5 · from sources
What they call their work
Graduate School of Biomedical Sciences
Offers PhD, Master’s, MD-PhD, and dual degree programs focused on training biomedical scientists through research and mentorship.
MD Program
Medical education program training future physicians through a curriculum emphasizing science, social justice, and collaborative learning.
Medical Student Research Office (MSRO)
Facilitates research opportunities for medical students, including mentorship and guidance on research proposals and ethics.
Office of Postdoctoral Affairs
Supports postdoctoral fellows with professional development, mentoring resources, and career strategy services.
Residency and Fellowship Programs
Postgraduate clinical training programs across specialties including general surgery, gastroenterology, and complex family planning.
activities · 4 groups
What they do
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Biomedical Research and Innovation 1 activity
- Conducts biomedical and clinical researchPerforms fundamental and applied research in biological, social, and physical sciences, with a focus on clinical applications. Research areas include epilepsy, Alzheimer’s disease, lupus, AI in healthcare, and the gut-brain axis, often conducted through collaborations between researchers, clinicians, and students.
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Autoimmune Disease Research Funding 1 activity
- Establishes research centers and programs through philanthropic fundingUses major gifts, such as a $5 million donation, to establish specialized research centers like the Colton Center for Autoimmunity to advance precision medicine for autoimmune diseases.
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Medical Professional Education & Training 1 activity
- Provides medical and biomedical education and trainingOffers undergraduate, graduate, and post-graduate medical education through nationally recognized programs including MD, PhD, MD-PhD, and Master’s degrees. Programs emphasize collaborative learning, science application, and preparation for medical practice and research careers.
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Research and Scholarly Fellowship Support 1 activity
- Supports student and early-career research through fellowships and mentorshipProvides competitive fellowships such as the Sarnoff Fellowship to support independent student research in cardiovascular and other biomedical fields. Offers mentorship, research proposal guidance, and research day events to foster student engagement in research.
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financials · form 990 · fy2024
revenue
Total revenue$4.49B
Contributions & grants$1.05B23%
Program service revenue$3.16B70%
Investment income$137.20M3%
Other revenue$138.50M
expenses
Total expenses$4.44B
Program expenses89%
Admin / overhead11%
Fundraising0%
Salaries & benefits$3.30B
Grants paid out$12.26M
Largest expense lineCompensation
balance sheet
Total assets$4.26B
Cash$386.55M
Investments$1.51B
Liabilities$2.71B
Net assets$1.55B
Liquid reserves5.1 mo
3 years on record · 2020–2024 · YoY revenue +7.9%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 23
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| KENNETH DAVIS MD | Trustee and Former Officer | 2 | $7.50M |
| HANI SBITANY MD | PROFESSOR SURGERY | 60 | $6.79M |
| ANDREW HECHT MD | PROFESSOR ORTHO NEURO SURG | 60 | $6.18M |
| MARK SULTAN MD | PROFESSOR, SURGERY | 60 | $6.15M |
| DAVID ADAMS MD | CHAIRMAN CARDIOVASCULAR SURG | 60 | $6.05M |
| JORDAN JACOBS MD | ASSISTANT PROFESSOR, SURGERY | 60 | $5.69M |
| Brendan G Carr MD | CHIEF EXECUTIVE OFFICER (START 1/1/24) | 21 | $5.49M |
| DENNIS CHARNEY MD 1 | DEAN | 21 | $2.64M |
| MARGARET PASTUSZKO | System President & Chief Operating Officer | 19 | $2.36M |
| David L Reich MD | SYSTEM CHIEF CLINICAL OFFICER | 0 | $2.22M |
| STEPHEN HARVEY | EVP, SYSTEM CFO (END 12/31/24) | 19 | $2.06M |
| BETH ESSIG ESQ | EVP, GENERAL COUNSEL | 20 | $1.84M |
| JEREMY BOAL MD | FORMER OFFICER | 0 | $1.80M |
| JEFFREY SILBERSTEIN | EVP, SYSTEM CAO | 20 | $1.49M |
| ERIC LIUM | EVP, MS INNOVATION PARTNERS | 60 | $1.34M |
| KELLY CASSANO DO | EVP, SYS AMBULATORY OPERATION | 34 | $1.24M |
| EMMA PALMER | EVP, Chief of Staff & External Affairs | 21 | $853K |
| FRANK CINO | SVP, SYSTEM CHIEF RISK OFFICER | 21 | $807K |
| MATTHEW ROSAMOND | SVP, CHIEF FINANCIAL OFFICER | 60 | $797K |
| DANIEL KATZ MD | TRUSTEE EXOFFICIO | 44 | $755K |
| VINCENT TAMMARO | EVP, SYSTEM CFO (START 10/1/24) | 21 | $689K |
| BETH YAGODA | EVP, System Chief Administrative Officer | 21 | $583K |
| BURTON P DRAYER | FORMER OFFICER | 0 | $310K |
board members · 2
- ADAM SHAPIRO — TRUSTEE
- AMAZIAH HOWELL — TRUSTEE
relationships · 23
Who they work with
- American College of Cardiology Partner — Roxana Mehran, MD, faculty member at Icahn School of Medicine, named President of the American College of Cardiology.
- Center for Comparative Medicine and Surgery Partner — Provides training and guidance on animal use and care in research.
- Fuster Heart Hospital Partner — Provides advanced cardiac clinical training opportunities for nursing students.
- Grants and Contracts Office Partner — Supports postdoctoral fellows with grant and contract management.
- Institutional Animal Care and Use Committee (IACUC) Government — Oversees compliance with policies and procedures for animal use in research.
- Lupus Research Alliance Funder — Samira Asgari, PhD, faculty member at Icahn School of Medicine, awarded the Lupus Innovation Award to support her research on viral infections and lupus severity.
- Mount Sinai Government — Primary health system affiliate for the Icahn School of Medicine at Mount Sinai
- Mount Sinai Partner — Collaborates with Mount Sinai in establishing centers and advancing medical research and care.
- Mount Sinai Health System Partner — Collaborates with medical professionals across the Mount Sinai Health System for resident and fellow training.
- Mount Sinai Innovation Partners Partner — Handles technology transfer and commercialization of research discoveries.
- Mount Sinai Phillips School of Nursing Partner — Collaborates on nursing education programs within the Mount Sinai Health System.
- Mount Sinai Phillips School of Nursing Partner — Collaborates on nursing education with guaranteed placement within the Mount Sinai health system.
- National Science Foundation Government — Awarded the NSF CAREER Award to support early-career faculty research.
- National Science Foundation Government — Diego Chowell, PhD, faculty member at Icahn School of Medicine, received the NSF CAREER Award, a prestigious honor for early-career faculty.
- New York Academy of Medicine Partner — Recognizes faculty contributions in cardiovascular medicine.
- New York Academy of Medicine Partner — Valentin Fuster, MD, PhD, faculty member at Icahn School of Medicine, recognized by the New York Academy of Medicine for contributions to cardiovascular medicine.
- Office for Professional Engagement and Development Partner — Delivers professional development programs and engagement opportunities for postdoctoral fellows.
- Office of Career Services and Strategy Partner — Offers career development resources and strategic planning support for postdoctoral fellows.
- Ombuds Office Partner — Provides conflict resolution and support services for postdoctoral fellows.
- Phillips School of Nursing Partner — Collaborates with the Phillips School of Nursing on education initiatives and anniversary celebrations.
- Program for the Protection of Human Subjects and Institutional Review Board Government — Ensures ethical conduct and regulatory compliance in human subjects research.
- Sarnoff Cardiovascular Research Foundation Funder — Provides the Sarnoff Fellowship to Icahn School of Medicine students, supporting independent cardiovascular research projects.
- Sarnoff Cardiovascular Research Foundation Partner — Funds cardiovascular research fellowships for Icahn School of Medicine students.
strategies · 5
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.
- Collaborative Learning and Interdisciplinary Researchmethodology: collaborative_learning_and_scholarly_inquiryBy fostering collaborative learning environments and interdisciplinary research communities, the institution enhances innovation and knowledge application in medical education and discovery, because diverse expertise and shared inquiry produce more robust scientific and clinical outcomes.
- Health as a Human Right Frameworkmethodology: health-as-a-human-rightBy integrating the principle that health is a human right across curriculum, research, and services, the institution shapes equitable medical practice and education, because anchoring training and inquiry in ethical and social justice principles produces more socially accountable physicians and research.
- Innovation-Driven Biomedical Discoverymethodology: innovation-driven biomedical researchBy promoting bold thinking within disciplined scientific frameworks and fostering cultures of radical discovery, the institution accelerates biomedical progress, because high-risk, high-reward innovation combined with rigorous methodology drives transformative advances in science and patient care.
- Personalized and Data-Driven Medicinemethodology: personalized-medicineBy integrating clinical and biological data sciences through expert collaboration, the institution develops personalized, data-driven standards of care, because combining multidimensional data with clinical insight enables more precise diagnosis, treatment, and prevention strategies.
- Translational Research Modelmethodology: translational_research_modelBy locating research activities in close geographic and operational proximity to clinical facilities, scientific discoveries are more rapidly integrated into patient care, because physical and institutional integration reduces barriers between bench and bedside.