Memorial Sloan-Kettering Cancer Center
- Assets
- $2.7m
- Revenue
- $8.1m
- Investments
- $0.0
- Employees
- 39
- Location
- New York, NY
- Founding
- 01/1962
- Data as of
- 12/2018
- EIN
- 02-0597827
Organization Overview
Memorial Sloan-Kettering Cancer Center is located in New York, NY. The organization was established in 1962. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 12/2021, Memorial Sloan-Kettering Cancer Center employed 39 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Memorial Sloan-Kettering Cancer Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2018, Memorial Sloan-Kettering Cancer Center generated $8.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (10.1%) each year. All expenses for the organization totaled $8.9m during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2018
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
CANCER PROGRAM - PROVIDED CANCER CARE AND TREATMENT TO THE UNDERSERVED POPULATION. THE TOTAL NUMBER OF VISITS WERE 9,791.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Henry Godfrey MD Breast Surgeon | 35 | $299,398 | |
Joseph Yoe MD Oncologist | 30 | $247,827 | |
Lewis J Kampel MD CEO | Officer | 17 | $179,500 |
Lisa Halkias-Thiesing Clinical Director | 35 | $150,736 | |
Joelle Wilson Compliance Officer | 35 | $147,385 | |
Yvette Forbes Controller | Officer | 35 | $121,888 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,000,000 |
| Government grants | $44,459 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,756,311 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,800,770 |
| Total Program Service Revenue | $4,293,345 |
| Investment income | $1,921 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,097,086 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $347,818 |
| Compensation of current officers, directors, key employees. | $62,151 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,964,735 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $144,164 |
| Payroll taxes | $193,527 |
| Fees for services: Management | $6,536 |
| Fees for services: Legal | $13,941 |
| Fees for services: Accounting | $42,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $56,730 |
| Office expenses | $66,464 |
| Information technology | $204,256 |
| Royalties | $0 |
| Occupancy | $448,107 |
| Travel | $1,504 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,345 |
| Insurance | $222,263 |
| All other expenses | $0 |
| Total functional expenses | $8,948,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,016,349 |
| Savings and temporary cash investments | $1,051,745 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $336,945 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $137,360 |
| Prepaid expenses and deferred charges | $61,923 |
| Net Land, buildings, and equipment | $9,780 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $46,293 |
| Total assets | $2,660,395 |
| Accounts payable and accrued expenses | $668,156 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $888,300 |
| Total liabilities | $1,556,456 |
| Unrestricted restricted net Assets | $885,725 |
| Temporarily restricted net Assets | $18,214 |
| Permanently restricted net Assets or current funds | $200,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $1,103,939 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Memorial Sloan-Kettering Cancer Center has recieved totaling $106,776.
| Awarding Organization | Amount |
|---|---|
National Breast Cancer Foundation Inc Frisco, TX PURPOSE: Patient Navigation | $106,276 |
Rita Morgan Charitable Foundation Inc North Miami Beach, FL PURPOSE: UNRESTRICTED | $500 |
Endowment Analysis
| Beg. Balance | $200,000 |
| Earnings | $186 |
| Admin Expense | $186 |
| Ending Balance | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Penn Comprehensive Health Services Mansfield, PA | $22,065,846 | $23,390,461 |
North End Community Health Committee Inc Boston, MA | $13,909,978 | $23,903,077 |
Meeting House Lane Medical Practice Pc Southampton, NY | $4,403,097 | $19,403,178 |
Samaritan Medical Practice Pc Watertown, NY | $8,374,909 | $9,985,737 |
Upstate Medical Anesthesiology Group Inc Syracuse, NY | $2,848,436 | $19,006,046 |
Mary M Gooley Hemophilia Center Inc Rochester, NY | $16,939,861 | $23,643,261 |
Community Lifeteam Inc Harrisburg, PA | $10,105,163 | $14,110,293 |
Coney Island Medical Practice Plan Pc Bronx, NY | $7,608,184 | $19,438,275 |
Flh Medical Pc Geneva, NY | $8,604,423 | $16,548,064 |
Community Health Center Of Cape Cod Inc Mashpee, MA | $18,908,636 | $20,126,644 |
National Harm Reduction Coalition New York, NY | $8,420,903 | $10,197,206 |
Betances Health Center New York, NY | $7,749,234 | $19,758,913 |