Memorial Sloan-Kettering Cancer Center
- Assets
- $14.7b
- Revenue
- $7.5b
- Investments
- $2.3b
- Employees
- 25,365
- Location
- New York, NY
- Founding
- 01/1962
- Data as of
- 12/2023
- EIN
- 91-2154267
Organization Overview
Memorial Sloan-Kettering Cancer Center is located in New York, NY. The organization was established in 1962. According to its NTEE Classification (E24) the organization is classified as: Specialty Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2023, Memorial Sloan-Kettering Cancer Center employed 25,365 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 12/2023, Memorial Sloan-Kettering Cancer Center generated $7.5b in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $7.2b during the year ending 12/2023. While expenses have increased by 8.2% per year over the past 9 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 2021, Memorial Sloan-Kettering Cancer Center has awarded 22 individual grants totaling $595,230. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
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
SEE SCHEDULE O
SEE SCHEDULE O
SEE SCHEDULE O
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed SVP & Chief Risk Officer | OfficerTrustee | 50 | $1,136,118 |
Name Not Listed See Schedule O | OfficerTrustee | 11 | $0 |
Name Not Listed See Schedule O | OfficerTrustee | 12 | $0 |
Name Not Listed See Schedule O | OfficerTrustee | 6 | $0 |
Name Not Listed Chief Operating Officer (until 3/23) | OfficerTrustee | 50 | $4,698,854 |
Name Not Listed See Schedule O | OfficerTrustee | 16 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cannon Design Architecture Architecture | 12/30/23 | $23,119,690 |
Jgn Construction Corp Construction | 12/30/23 | $21,982,458 |
Lend Lease Us Construction Construction | 12/30/23 | $14,413,816 |
Varian Medical Systems Inc Construction | 12/30/23 | $12,409,706 |
Ge Precision Healthcare Llc Construction | 12/30/23 | $8,759,609 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,535,000 |
| Related organizations | $0 |
| Government grants | $274,390,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $452,657,000 |
| Noncash contributions included in lines 1a–1f | $17,891,697 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $730,582,000 |
| Total Program Service Revenue | $6,306,939,000 |
| Investment income | $83,401,066 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $66,273,000 |
| Net Rental Income | -$16,075,000 |
| Net Gain/Loss on Asset Sales | $223,503,000 |
| Net Income from Fundraising Events | -$650,607 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,462,624,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $307,199 |
| Grants and other assistance to domestic individuals. | $27,254,123 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $50,997,456 |
| Compensation of current officers, directors, key employees. | $4,916,763 |
| Compensation to disqualified persons | $401,206 |
| Other salaries and wages | $2,876,587,082 |
| Pension plan accruals and contributions | $178,318,260 |
| Other employee benefits | $422,966,075 |
| Payroll taxes | $182,547,732 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,762,872 |
| Fees for services: Accounting | $1,679,621 |
| Fees for services: Lobbying | $901,671 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,018,167 |
| Fees for services: Other | $154,506,551 |
| Advertising and promotion | $41,858,882 |
| Office expenses | $357,187,091 |
| Information technology | $132,541,449 |
| Royalties | $6,397,598 |
| Occupancy | $128,805,368 |
| Travel | $13,749,901 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,540,661 |
| Interest | $131,624,680 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $430,356,480 |
| Insurance | $34,762,445 |
| All other expenses | $0 |
| Total functional expenses | $7,188,709,398 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $675,870,000 |
| Savings and temporary cash investments | $1,077,070,000 |
| Pledges and grants receivable | $559,648,000 |
| Accounts receivable, net | $707,479,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $85,809,000 |
| Inventories for sale or use | $142,809,000 |
| Prepaid expenses and deferred charges | $503,305,000 |
| Net Land, buildings, and equipment | $4,494,401,000 |
| Investments—publicly traded securities | $4,043,625,000 |
| Investments—other securities | $2,255,698,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $113,771,000 |
| Total assets | $14,659,485,000 |
| Accounts payable and accrued expenses | $1,318,024,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $3,199,911,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $88,588,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $815,595,000 |
| Total liabilities | $5,422,118,000 |
| Net assets without donor restrictions | $7,491,133,000 |
| Net assets with donor restrictions | $1,746,234,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $14,659,485,000 |
Grants Awarded
Over the last fiscal year, Memorial Sloan-Kettering Cancer Center has awarded $227,230 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: CANCER AWARENESS | $95,000 |
LEUKEMIA AND LYMPHOMA SOCIETY PURPOSE: CANCER AWARENESS | $30,000 |
SUSAN G KOMEN PURPOSE: CANCER AWARENESS | $25,000 |
NYSCI STEM SPONSORSHIP PURPOSE: CANCER AWAERNESS | $20,000 |
QUEENS LONG ISLAND PRIDE PURPOSE: CANCER AWARENESS | $15,000 |
ARCHCARE PURPOSE: CANCER AWARENESS | $10,000 |