Memorial Sloan-Kettering Cancer Center

Memorial Sloan-Kettering Cancer Center Overview

Memorial Sloan-Kettering Cancer Center is located in New York, NY. The organization was established in 1962. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 12/2019, Memorial Sloan-Kettering Cancer Center employed 23,338 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes.

For the year ending 12/2019, Memorial Sloan-Kettering Cancer Center generated $999.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $992.6m during the year ending 12/2019. While expenses have increased by 7.2% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

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

Describe the Organization's Program Activity:

Part 3 - Line 4a

MEMORIAL SLOAN-KETTERING CANCER CENTER PROVIDES THE FOLLOWING SERVICES TO ITS AFFILIATED ORGANIZATIONS: FINANCIAL ADMINISTRATION, EXECUTIVE MANAGEMENT, HUMAN RESOURCES, FACILITY MANAGEMENT, GENERAL AND ENVIRONMENTAL SERVICES, PROCUREMENT, PUBLIC AFFAIRS, RESEARCH TECHNOLOGY MANAGEMENT, CORPORATE COMPLIANCE, INFORMATION SYSTEMS AND TECHNOLOGY, AND INVESTMENT MANAGEMENT. IN ADDITION, CERTAIN SERVICES ARE PROVIDED ON A REQUISITION BASIS INCLUDING FOOD AND DIETARY SERVICES, FACILITIES MANAGEMENT (LOCKSMITH, ELECTRICIAN, PLUMBING, PAINTING AND CARPENTRY, ETC.) MEDICAL LIBRARY, CONFERENCE PLANNING, OCCUPANCY OF LEASED SPACE, TRANSPORTATION, IMMIGRATION SERVICES, MEDICAL ILLUSTRATION, MOTION MEDIA, SECURITY SERVICES SUCH AS INSTALLING ANTITHEFT DEVICES AND MAILROOM SERVICES.


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.


CAFETERIA: THE CENTER OPERATES A CAFETERIA IN THE MAIN BUILDING COMPLEX WHERE VISITORS AND PATIENTS CAN PURCHASE MEALS AND SNACKS. SOCIETY OF MSKCC: THE SOCIETY OF MEMORIAL SLOAN-KETTERING CANCER CENTER, FOUNDED IN 1946, IS A VOLUNTEER ORGANIZATION DEDICATED TO PROMOTING THE WELL-BEING OF PATIENTS, SUPPORTING CANCER RESEARCH AND PROVIDING PUBLIC EDUCATION ON THE PREVENTION, EARLY DETECTION AND TREATMENT OF CANCER. THE COSTS SHOWN HERE ARE EXCLUSIVE OF FUNDRAISING ACTIVITIES, WHICH ARE REPORTED IN PART IX, COLUMN D. EXPENSE REVENUE CAFETERIA $ 9,169,820 $ 6,990,000 SOCIETY $ 4,017,055 $ 0 PCCTC $11,281,000 $13,744,000 TOTALS $24,467,875 $20,734,000


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Memorial Sloan-Kettering Cancer Center Board, Officers & Key Employees

Name (title)Compensation
Craig Thompson MD
Board Mbr, President & CEO
$5,507,075
Kathryn Martin
COO
$2,085,542
Jason Klein
SVP & Chief Investment Officer
$1,667,313
Michael P Gutnick
Evp & CFO Until 9/2019
$1,564,117
Jorge Lopez ESQ
Evp & General Councel
$1,541,870
Kenneth Manotti
VP Development
$1,313,758

Memorial Sloan-Kettering Cancer Center Vendors

Vendor Name (Service)Compensation
Turner Construction
General Construction
$130,568,969
Hunter Roberts Construction Gr Llc
General Construction
$28,401,902
Jgn Construction Corp
General Construction
$20,881,151
Lend Lease Us Construction
General Construction
$10,416,263
Worthington Energy
General Construction
$63,227,818
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$4,328,247
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$27,232,000
Noncash contributions included in lines 1a–1f $1,547,236
Total Revenue from Contributions, Gifts, Grants & Similar$31,560,247
Total Program Service Revenue$780,384,000
Investment income $55,236,000
Tax Exempt Bond Proceeds $1,502,000
Royalties $2,044,000
Net Rental Income $0
Net Gain/Loss on Asset Sales $100,612,000
Net Income from Fundraising Events -$760,011
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $999,167,000

Memorial Sloan-Kettering Cancer Center Grants Recieved

Over the last fiscal year, we have identified 54 grants that Memorial Sloan-Kettering Cancer Center has recieved totaling $5,622,549.

Awarding OrganizationAmount
Jewish Communal Fund

New York, NY

PURPOSE: General support

$1,652,643
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$579,712
Advancing Cancer Treatment

Moultonborough, NH

PURPOSE: RESEARCH

$504,021
Ambrose Monell Foundation

New York, NY

PURPOSE: TO THE CENTER FOR EPIGENETIC RESEARCH

$500,000
Ambrose Monell Foundation

New York, NY

PURPOSE: TO THE CENTER FOR EPIGENETIC RESEARCH

$500,000
Leukemia & Lymphoma Society Inc

Overland Park, KS

PURPOSE: RESEARCH GRANT

$484,600
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$385,622,000
Earnings$394,000
Net Contributions$10,435,000
Ending Balance$396,451,000

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