Icahn School Of Medicine At Mount Sinai

Organization Overview

Icahn School Of Medicine At Mount Sinai is located in New York, NY. The organization was established in 1964. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 12/2021, Icahn School Of Medicine At Mount Sinai employed 14,433 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Icahn School Of Medicine At Mount Sinai 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 12/2021, Icahn School Of Medicine At Mount Sinai generated $3.7b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $3.6b during the year ending 12/2021. While expenses have increased by 7.3% per year over the past 7 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 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE SCHOOL COMMITS TO DRAMATICALLY ADVANCING THE ART AND SCIENCE OF MEDICAL CARE THROUGH AN ATMOSPHERE OF INTENSE COLLABORATIVE LEARNING, SOCIAL CONCERN, AND SCHOLARLY INQUIRY.

Describe the Organization's Program Activity:

ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI PROVIDES BASIC & TERTIARY PHYSICIANS SERVICES AND LABORATORY TESTING SERVICES TO PATIENTS ON AN ONGOING BASIS.


ICAHN 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.


ICAHN 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.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Change Healthcare Llc
Billing Services
$12,215,656
Mitchell Giurgola Architect Llp
Architects
$4,299,352
Vrp Of Ny Pa
Physician Services
$2,677,420
Hellmuth Obata Kassabaum Pc
Architects
$2,576,353
Ogden Cap Properties Llc
Real Estate Agent
$2,102,885
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$6,250,290
Related organizations$170,227,312
Government grants $30,940,332
All other contributions, gifts, grants, and similar amounts not included above$639,767,396
Noncash contributions included in lines 1a–1f $21,079,025
Total Revenue from Contributions, Gifts, Grants & Similar$847,185,330
Total Program Service Revenue$2,595,347,519
Investment income $8,255,838
Tax Exempt Bond Proceeds $7,736
Royalties $22,287,419
Net Rental Income $21,365
Net Gain/Loss on Asset Sales $133,038,396
Net Income from Fundraising Events -$400,731
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,694,495,688

Grants Awarded

Over the last fiscal year, Icahn School Of Medicine At Mount Sinai has awarded $947,772 in support to 2 organizations.

Grant RecipientAmount

THE MOUNT SINAI HOSPITAL

Org PageRecipient Profile

New York, NY

PURPOSE: FUNDING EQUITY LOSS

$473,886

THE MOUNT SINAI MEDICAL CENTER

Org PageRecipient Profile

New York, NY

PURPOSE: FUNDING EQUITY LOSS

$473,886
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Icahn School Of Medicine At Mount Sinai has recieved totaling $1,090,000.

Awarding OrganizationAmount
Peter Schub Foundation

New York, NY

PURPOSE: FOR RESEARCH EFFORTS STUDYING POST-TRAUMATIC STRESS DISORDER (PTSD)

$1,000,000
Gray Foundation

Cohoes, NY

PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION.

$50,000
Cure For Ibd

Basking Ridge, NJ

PURPOSE: RESEARCH

$15,000
David L Klein Jr Foundation

King Of Prussia, PA

PURPOSE: OPERATING SUPPORT

$15,000
Gray Foundation

Cohoes, NY

PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION.

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$754,013,772
Earnings$96,738,870
Net Contributions-$5,347,771
Other Expense$8,986,648
Grants$8,198,604
Ending Balance$828,219,619

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