Mt Sinai Health Care Foundation

Organization Overview

Mt Sinai Health Care Foundation is located in Cleveland, OH. The organization was established in 1994. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 06/2021, Mt Sinai Health Care Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mt Sinai Health Care Foundation 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 06/2021, Mt Sinai Health Care Foundation generated $29.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 48.8% each year . All expenses for the organization totaled $7.6m during the year ending 06/2021. While expenses have increased by 4.2% 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.

Since 2016, Mt Sinai Health Care Foundation has awarded 333 individual grants totaling $37,424,397. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

HEALTH GRANT MAKER AND SUPPORTING ORGANIZATION TO THE JEWISH FEDERATION OF CLEVELAND (THE FEDERATION).

Describe the Organization's Program Activity:

TO ENGAGE IN GRANT MAKING TO SUPPORT AND CARRY OUT THE PURPOSES OF THE JEWISH FEDERATION OF CLEVELAND, BY ENCOURAGING ACTIVITIE DESIGNED TO IMPROVE THE HEALTH STATUS OF THE RESIDENTS OF GREATER CLEVELAND, OH.


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Board, Officers & Key Employees

Name (title)Compensation
Mitchell Balk
President
$338,326
Daniel Cohn
Vice President
$150,696
Ira C Kaplan
Vice-Chair
$0
Julie Adler Raskind
Vice-Chair
$0
Kim Meisel Pesses
Secretary
$0
Dan A Polster
Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$84,999
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$777,404
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$862,403
Total Program Service Revenue$0
Investment income $4,417,046
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $24,612,440
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $29,891,889

Grants Awarded

Over the last fiscal year, Mt Sinai Health Care Foundation has awarded $6,013,102 in support to 42 organizations.

Grant RecipientAmount

JEWISH FEDERATION OF CLEVELAND

Org PageRecipient Profile

Cleveland, OH

PURPOSE: SEE PART IV

$2,495,785

Cleveland, OH

PURPOSE: SEE PART IV

$900,000

THE CLEVELAND FOUNDATION

Org PageRecipient Profile

Cleveland, OH

PURPOSE: SEE PART IV

$250,000

Cleveland, OH

PURPOSE: SEE PART IV

$200,000

ENTERPRISE COMMUNITY PARTNERS

Org PageRecipient Profile

Columbia, MD

PURPOSE: SEE PART IV

$150,000

Columbus, OH

PURPOSE: SEE PART IV

$150,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 10 grants that Mt Sinai Health Care Foundation has recieved totaling $5,075,164.

Awarding OrganizationAmount
Jack Joseph And Morton Mandel Foundation

Cleveland, OH

PURPOSE: PROJECT SUPPORT

$1,000,000
Jack Joseph And Morton Mandel Foundation

Cleveland, OH

PURPOSE: PROJECT SUPPORT

$1,000,000
Jack Joseph And Morton Mandel Foundation

Cleveland, OH

PURPOSE: PROJECT SUPPORT

$1,000,000
Jack Joseph And Morton Mandel Foundation

Cleveland, OH

PURPOSE: PROJECT SUPPORT

$1,000,000
Cleveland Foundation

Cleveland, OH

PURPOSE: SUPPORT THE WORK OF THE VACCINE COMMUNICATIONS TASK FORCE TO OVERSEE THE IMPLEMENTATION OF COMMUNITY-WIDE RESEARCH, STRATEGY, AND MEDIA RELATIONS FOR AWARENESS AND EDUCATION OF THE COVID-19 VACCINE FOR HIGH-RISK AND VULNERABLE POPULATIONS.

$946,500
Dr Hans And Betty Rubin Memorial Fund

Brooklyn, OH

PURPOSE: Support of an Opthomolagy program

$63,664
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$14,620,426
Earnings$4,564,657
Other Expense$267,840
Ending Balance$18,917,243

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