Memorial Sloan-Kettering Cancer Center

Organization 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 12/2021, Memorial Sloan-Kettering Cancer Center employed 29,732 individuals. This organization is a parent organization of 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 12/2020, Memorial Sloan-Kettering Cancer Center generated $1.1b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $1.1b during the year ending 12/2020. While expenses have increased by 8.3% per year over the past 6 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

2020

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 ANTI-THEFT DEVICES AND MAILROOM SERVICES.


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. PROSTATE CANCER CLINICAL TRIALS CONSORTIUM, LLC. (PCCTC): THE PROSTATE CANCER CLINICAL TRIALS CONSORTIUM (PCCTC) WAS INITIATED IN 2005 BY THE PROSTATE CANCER FOUNDATION (PCF) AND THE U.S. DEPARTMENT OF DEFENSE (DOD) PROSTATE CANCER RESEARCH PROGRAM (PCRP). ESTABLISHED AS AN INDEPENDENT ENTITY IN 2014, THE PCCTC, LLC IS NOW THE NATION'S PREMIER MULTICENTER CLINICAL RESEARCH ORGANIZATION SPECIALIZING IN CUTTING-EDGE PROSTATE CANCER RESEARCH. MSK IS THE SINGLE MEMBER OF THE PCCTC, WHO HAS ELECTED TO BE TREATED AS A DISREGARDED ENTITY OF MSK FOR TAX PURPOSES. THE COSTS SHOWN HERE FOR THE ABOVE PROGRAMS, ARE EXCLUSIVE OF FUNDRAISING ACTIVITIES, WHICH ARE REPORTED IN PART IX, COLUMN D. EXPENSES REVENUE CAFETERIA $ 4,362,921 $ 3,613,000 SOCIETY $ 2,624,067 $ 0 PCCTC $12,858,324 $14,914,000 TOTAL $19,845,312 $18,527,000


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.


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Board, Officers & Key Employees

Name (title)Compensation
Jason Klein
SVP & Chief Investment Officer
$2,731,258
Craig P Thompson MD
Board Mbr, President & CEO
$2,684,526
Michael Harrington
Evp & CFO
$1,774,641
Kathryn Martin
Evp & COO
$1,760,489
Philip Kantoff
Visiting Investigator
$1,484,778
Jorge Lopez ESQ
Evp & General Councel
$1,307,132

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Turner Construction
General Construction
$31,623,606
Accenture Llp
Consulting
$10,486,074
Jgn Construction Corp
General Construction
$10,146,701
Lend Lease Us Construction
General Construction
$8,221,785
Michael Anthony Contracting
General Construction
$5,129,938
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$1,785,895
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$40,504,878
Noncash contributions included in lines 1a–1f $6,081,744
Total Revenue from Contributions, Gifts, Grants & Similar$42,290,773
Total Program Service Revenue$897,928,000
Investment income $31,742,000
Tax Exempt Bond Proceeds $0
Royalties $2,302,000
Net Rental Income $0
Net Gain/Loss on Asset Sales $100,814,000
Net Income from Fundraising Events $312,001
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,112,023,774

Grants Recieved

Over the last fiscal year, we have identified 11 grants that Memorial Sloan-Kettering Cancer Center has recieved totaling $126,180.

Awarding OrganizationAmount
Reuben B Resnik And Helga M Resnik Foundation

Dallas, TX

PURPOSE: UNRESTRICTED GENERAL

$96,000
Allinder Anestis Family Charitable Fund Inc

Albany, NY

PURPOSE: GENERAL CHARITABLE PURPOSES

$10,000
Gene & Neddie Mae Elkus Family Foundation

Cincinnati, OH

PURPOSE: PROGRAM SUPPORT

$6,500
The Tibore Foundation

Wilmington, DE

PURPOSE: CHARITABLE EVENT

$5,000
Barbara Silver Levin Foundation Inc

Philadelphia, PA

PURPOSE: CHARITABLE

$3,500
Niamogue Foundation

Chicago, IL

PURPOSE: ANNUAL EVENT

$2,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$397,079,000
Earnings$934,000
Net Contributions$7,845,000
Ending Balance$405,858,000

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