Form990
Click to see attachment
Department of the Treasury
Internal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung benefit trust or private foundation)

MediumBullet The organization may have to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0047
2011
Open to Public Inspection
A For the calendar year, or tax year beginning 01-01-2011 and ending 12-31-2011
BCheck if applicable:
CName of organization
Mount Sinai School of Medicine
 
Doing Business As
 
 
Number and street (or P.O. box if mail is not delivered to street address)
ONE GUSTAVE L LEVY PLACE
 
Room/suite
City or town, state or country, and ZIP + 4
NEW YORK, NY10029
D Employer identification number

13-6171197
E Telephone number

G Gross receipts $ 1,418,035,855
F Name and address of principal officer:
STEPHEN HARVEY
One Gustave L Levy Place
New York,NY10029
I
Tax-exempt status: (   ) LeftBullet (insert no.) or
J
Website:MediumBullet
http://www.mssm.edu
H(a)
Is this a group return for
affiliates?
H(b)
Are all affiliates included?
If "No," attach a list. (see instructions)
H(c)
Group exemption number MediumBullet  
K Form of organization:
 
L Year of formation: 1964
M State of legal domicile: NY
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: SEE SCHEDULE O
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a)..... 3 44
4 Number of independent voting members of the governing body (Part VI, line 1b) .... 4 40
5 Total number of individuals employed in calendar year 2011 (Part V, line 2a) ... 5 9,044
6 Total number of volunteers (estimate if necessary) .... 6 402
7a Total unrelated business revenue from Part VIII, column (C), line 12 .. 7a 44,664
b Net unrelated business taxable income from Form 990-T, line 34 .. 7b 43,664
Revenues; Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 100,098,215 110,794,747
9 Program service revenue (Part VIII, line 2g) ......... 1,160,415,449 1,229,368,295
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 31,914,784 25,537,993
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 54,264,789 51,431,520
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)................... 1,346,693,237 1,417,132,555
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 3,258,759 3,292,010
14 Benefits paid to or for members (Part IX, column (A), line 4)..... 0 0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 876,719,003 932,638,153
16a Professional fundraising fees (Part IX, column (A), line 11e)..... 0 0
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet5,899,978    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24f).... 436,774,457 475,728,704
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 1,316,752,219 1,411,658,867
19 Revenue less expenses. Subtract line 18 from line 12....... 29,941,018 5,473,688
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 1,910,982,925 2,079,179,877
21 Total liabilities (Part X, line 26)............. 979,152,330 1,161,967,728
22 Net assets or fund balances. Subtract line 21 from line 20..... 931,830,595 917,212,149
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
JumboBullet
Signature of officer Date
JumboBullet
Type or print name and title.
Paid preparer use only
Print/type preparer's name
 
Preparer's signature
Date
PTIN
Firm's name Right pointing arrowhead image

Firm's EIN Right pointing arrowhead image
Firm's address Right pointing arrowhead image



Phone no.
May the IRS discuss this return with the preparer shown above? See instructions .........bullet
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y
Form 990 (2011)
Form 990 (2011)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response to any question in this Part III .........
1
Briefly describe the organization’s mission: SEE SCHEDULE O
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? ....................
If “Yes,” describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program services? ..........................
If “Yes,” describe these changes on Schedule O.
4
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations and section 4947(a)(1) trusts are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $ 197,085,382 including grants of $ 3,292,010 ) (Revenue $ 169,479,751 )
MOUNT SINAI SCHOOL OF MEDICINE 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.
4b (Code:   ) (Expenses $ 288,640,697 including grants of $ 0 ) (Revenue $ 364,591,845 )
MOUNT SINAI SCHOOL OF MEDICINE CONDUCTS RESEARCH IN THE AREAS OF BIOLOGICAL, SOCIAL AND PHYSICAL SCIENCES. FUNDAMENTAL AND APPLIED RESEARCH IS PRIMARILY ENTERED IN GEOGRAPHIC PROXIMITY TO CLINICAL FACILITIES.
4c (Code:   ) (Expenses $ 709,672,609 including grants of $ 0 ) (Revenue $ 702,719,349 )
MOUNT SINAI SCHOOL OF MEDICINE PROVIDES BASIC AND TERTIARY PHYSICIANS SERVICES TO PATIENTS ON AN ONGOING BASIS.
4d Other program services (Describe in Schedule O.)
(Expenses $ 0 including grants of $ 0 ) (Revenue $ 0 )
4e Total program service expensesMediumBullet$ 1,195,398,688
Form 990 (2011)
Form 990 (2011)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If “Yes,” complete Schedule AClick to see attachment.....................
1
Yes
 
2
Is the organization required to complete Schedule B, Schedule of Contributors? Click to see attachment........
2
Yes
 
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If “Yes,” complete Schedule C, Part I..........
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities? If “Yes,” complete Schedule C,
Part II.........................
4
 
No
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If “Yes,” complete Schedule C, Part III........................
5
 
No
6
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If “Yes,” complete Schedule D, Part IClick to see attachment....................
6
 
No
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas or historic structures? If “Yes,” complete Schedule D, Part IIClick to see attachment...
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If “Yes,” complete Schedule D, Part III Click to see attachment....................
8
 
No
9
Did the organization report an amount in Part X, line 21; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If “Yes,”
complete Schedule D, Part IVClick to see attachment...................
9
 
No
10
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments? If “Yes,” complete Schedule D, Part VClick to see attachment
10
Yes
 
11
If the organization’s answer to any of the following questions is ‘Yes,’ then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable:
a
Did the organization report an amount for land, buildings, and equipment in Part X, line10? If “Yes,” complete Schedule D, Part VI.Click to see attachment
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VII.Click to see attachment
11b
 
No
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VIII.Click to see attachment
11c
 
No
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part IX.Click to see attachment
11d
Yes
 
e
Did the organization report an amount for other liabilities in Part X, line 25? If “Yes,” complete Schedule D, Part X.Click to see attachment
11e
Yes
 
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If “Yes,” complete Schedule D, Part X.Click to see attachment
11f
 
No
12a
Did the organization obtain separate, independent audited financial statements for the tax year?
If “Yes,” complete Schedule D, Parts XI, XII, and XIII Click to see attachment
12a
 
No
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If “Yes,” and if the organization answered ‘No’ to line 12a, then completing Schedule D, Parts XI, XII, and XIII is optional Click to see attachment
12b
Yes
 
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If “Yes,” complete Schedule EClick to see attachment
13
Yes
 
14a
Did the organization maintain an office, employees, or agents outside of the United States?....
14a
 
No
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States or aggregate foreign investments valued at $100,000 or more? If “Yes,” complete Schedule F, Part I......... Click to see attachment
14b
Yes
 
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or assistance to any organization or entity located outside the U.S.? If “Yes,” complete Schedule F, Part II.. Click to see attachment
15
 
No
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or assistance to individuals located outside the U.S.? If “Yes,” complete Schedule F, Part III.. Click to see attachment
16
 
No
17
Did the organization report a total of more than $15,000, of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If “Yes,” complete Schedule G, Part IClick to see attachment
17
 
No
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If “Yes,” complete Schedule G, Part II.......... Click to see attachment
18
Yes
 
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If “Yes,” complete Schedule G, Part III................... Click to see attachment
19
 
No
20a
Did the organization operate one or more hospitals? If “Yes,” complete Schedule H.....
20a
 
No
b
If “Yes” to line 20a, did the organization attach a copy of its audited financial statement to this return? Note. All Form 990 filers that operated one or more hospitals must attach audited financial statements.
20b
 
 
Form 990 (2011)
Form 990 (2011)
Page 4
Part IV
Checklist of Required Schedules (continued)
21
Did the organization report more than $5,000 of grants and other assistance to any government or organization in the United States on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II.. Click to see attachment
21
 
No
22
Did the organization report more than $5,000 of grants and other assistance to individuals in the United States on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III..... Click to see attachment
22
Yes
 
23
Did the organization answer “Yes” to Part VII, Section A, questions 3, 4, or 5, about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If “Yes,” complete Schedule J................ Click to see attachment
23
Yes
 
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer questions 24b–24d and complete Schedule K. If “No,” go to line 25................ Click to see attachment
24a
Yes
 
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
Yes
 
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds?......................
24c
 
No
d
Did the organization act as an “on behalf of” issuer for bonds outstanding at any time during the year?...
24d
 
No
25a
Section 501(c)(3) and 501(c)(4) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If “Yes,” complete Schedule L, Part I...... Click to see attachment
25a
 
No
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If “Yes,” complete Schedule L, Part I................ Click to see attachment
25b
 
No
26
Was a loan to or by a current or former officer, director, trustee, key employee, highly compensated employee, or disqualified person outstanding as of the end of the organization’s tax year? If “Yes,” complete Schedule L,
Part II......................... Click to see attachment
26
Yes
 
27
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons? If “Yes,” complete Schedule L, Part III......... Click to see attachment
27
 
No
28
Was the organization a party to a business transaction with one of the following parties? (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, or key employee? If “Yes,” complete Schedule L, Part IV ......................... Click to see attachment
28a
Yes
 
b
A family member of a current or former officer, director, trustee, or key employee? If “Yes,”
complete Schedule L, Part IV................... Click to see attachment
28b
Yes
 
c
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or owner? If “Yes,” complete Schedule L, Part IV.. Click to see attachment
28c
Yes
 
29
Did the organization receive more than $25,000 in non-cash contributions? If “Yes,” complete Schedule MClick to see attachment
29
Yes
 
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If “Yes,” complete Schedule M............ Click to see attachment
30
Yes
 
31
Did the organization liquidate, terminate, or dissolve and cease operations? If “Yes,” complete Schedule N,
Part I...........................
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If “Yes,” complete Schedule N, Part II.......................
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If “Yes,” complete Schedule R, Part I........ Click to see attachment
33
 
No
34
Was the organization related to any tax-exempt or taxable entity? If “Yes,” complete Schedule R, Parts II, III, IV, and V, line 1..................... Click to see attachment
34
Yes
 
35a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a
Yes
 
b
If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If “Yes,” complete Schedule R, Part V, line 2... Click to see attachment
35b
Yes
 
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If “Yes,” complete Schedule R, Part V, line 2........... Click to see attachment
36
 
No
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If “Yes,” complete Schedule R, Part VIClick to see attachment
37
 
No
38
Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11 and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Form 990 (2011)
Form 990 (2011)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response to any question in this Part V .........
Yes
No
1a
Enter the number reported in Box 3 of Form 1096. Enter -0- if not applicable. .......
1a
1,363
b
Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable.
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
Yes
 
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and Tax Statements filed for the calendar year ending with or within the year covered by this return .....................
2a
9,044
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?

Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file. (see instructions)
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?.............................
3a
Yes
 
b
If “Yes,” has it filed a Form 990-T for this year? If “No,” provide an explanation in Schedule O.....
3b
Yes
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account or securities account)?.......................
4a
 
No
b
If "Yes," enter the name of the foreign country: MediumBullet
See instructions for filing requirements for Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts.
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If “Yes” to line 5a or 5b, did the organization file Form 8886-T? ........
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible?..........
6a
 
No
b
If “Yes,” did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?........................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?....................
7a
Yes
 
b
If “Yes,” did the organization notify the donor of the value of the goods or services provided?.....
7b
Yes
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?...........................
7c
 
No
d
If “Yes,” indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?..........................
7e
 
No
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?..
7f
 
No
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?...................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?...............
7h
 
 
8
Sponsoring organizations maintaining donor advised funds and section 509(a)(3) supporting organizations. Did the supporting organization, or a donor advised fund maintained by a sponsoring organization, have excess business holdings at any time during the year?................
8
 
 
9
Sponsoring organizations maintaining donor advised funds.
a
Did the organization make any taxable distributions under section 4966?.........
9a
 
 
b
Did the organization make a distribution to a donor, donor advisor, or related person?......
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them) ........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If “Yes,” enter the amount of tax-exempt interest received or accrued during the year.
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state?
Note. All 501(c)(29) organizations must list in Schedule O each state in which they are licensed to issue qualified health plans, the amount of reserves required by each state, and the amount of reserves the organization allocated to each state.
13a
 
 
b
Enter the aggregate amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans.
13b
 
c
Enter the aggregate amount of reserves on hand.
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
 
b
If "Yes," has it filed a Form 720 to report these payments? If “No,” provide an explanation in Schedule O..
14b
 
 
Form 990 (2011)
Form 990 (2011)
Page 6
Part VI
Governance, Management, and Disclosure For each “Yes” response to lines 2 through 7b below, and for a “No” response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response to any question in this Part VI .........
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year
If the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.
1a
44
b
Enter the number of voting members included in line 1a, above, who are independent .................
1b
40
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
Yes
 
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed?
4
 
No
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Did the organization have members or stockholders? ................
6
 
No
7a
Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? .................
7a
 
No
b
Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ............
7b
 
No
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .........................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ..........
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If “Yes,” provide the names and addresses in Schedule O .....
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal
Revenue Code.)
Yes
No
10a
Did the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
If “Yes,” did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes? ....
10b
 
 
11a
Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form?
11a
Yes
 
b
Describe in Schedule O the process, if any, used by the organization to review the Form 990. .....
12a
Did the organization have a written conflict of interest policy? If “No,” go to line 13.......
12a
Yes
 
b
Were officers, directors or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ........................
12b
Yes
 
c
Did the organization regularly and consistently monitor and enforce compliance with the policy? If “Yes,” describe in Schedule O how this was done ....................
12c
Yes
 
13
Did the organization have a written whistleblower policy? ...............
13
Yes
 
14
Did the organization have a written document retention and destruction policy? .........
14
Yes
 
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
Yes
 
If "Yes," to line 15a or 15b, describe the process in Schedule O (see instructions).
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
 
No
b
If “Yes,” did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
 
 
Section C. Disclosure
17
List the States with which a copy of this Form 990 is required to be filedMediumBullet
NY
18
Section 6104 requires an organization to make its Form 1023 (or 1024 if applicable), 990, and 990-T (501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how), the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.
20
State the name, physical address, and telephone number of the person who possesses the books and records of the organization: MediumBullet
STEPHEN HARVEY
633 3RD AVENUE 10TH FLOOR - BOX 45
New York,NY10017
(212) 731-3413
Form 990 (2011)
Form 990 (2011)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response to any question in this Part VII .........
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation, and current key employees. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highest
compensated employees; and former such persons.
Check this box if neither the organization nor any related organizations compensated any current or former officer, director, or trustee.
(A)
Name and Title 		(B)
Average hours per week (describe hours for related organizations in Schedule O) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; Officer; Key Employee; Highest compensated employee; Former;
(1) peter w may
Chairman of board of trustees
 10.0 X   X            
(2) frederick A klingenstein
honorary chairman/trustee
 10.0 X   X            
(3) alfred r stern
honorary chairman/trustee
 10.0 X   X            
(4) donald j gogel
senior vice chairman/trustee
 10.0 X   X            
(5) michael minikes
senior vice chairman/trustee
 10.0 X   X            
(6) robert e rubin
senior vice chairman/trustee
 10.0 X   X            
(7) james w crystal
vice chairman/trustee
 10.0 X   X            
(8) glenn dubin
vice chairman/trustee
 10.0 X   X            
(9) joel s ehrenkranz
vice chairman/trustee
 10.0 X   X            
(10) ellen katz
vice chair/secretary/trustee
 10.0 X   X            
(11) henry r kravis
vice chairman/trustee
 10.0 X   X            
(12) john a levin
vice chairman/trustee
 10.0 X   X            
(13) eric mindich
vice chairman/trustee
 10.0 X   X            
(14) Andrew m saul
vice chairman/trustee
 10.0 X   X            
(15) thomas w strauss
vice chairman/trustee
 10.0 X   X            
(16) edgar m cullman deceased 82811
honorary vice chairman/trustee
 10.0 X   X            
(17) thomas r block
treasurer/trustee
 10.0 X   X            
Form 990 (2011)
Form 990 (2011)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and Title 		(B)
Average hours per week (describe hours for related organizations in Schedule O) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; Officer; Key Employee; Highest compensated employee; Former;
(18) christopher w brody
Trustee
 5.0 X                
(19) charles r bronfman
Trustee
 5.0 X                
(20) cynthia colin
Trustee
 5.0 X                
(21) jean c crystal
Trustee
 5.0 X                
(22) steven g einhorn
Trustee
 5.0 X                
(23) blaine v fogg
Trustee
 5.0 X                
(24) richard a friedman
Trustee
 5.0 X                
(25) arne glimcher
Trustee
 5.0 X                
(26) clifford h goldsmith
Trustee
 5.0 X                
(27) Michael s gross
Trustee (ex-officio)
 5.0 X                
(28) vicki gross
trustee (ex-officio)
 5.0 X                
(29) george j grumbach jr
trustee
 5.0 X                
(30) andrew d heineman
trustee
 5.0 X                
(31) carl c icahn
trustee
 5.0 X                
(32) lewis p jones
trustee
 5.0 X                
(33) marc lasry
trustee
 5.0 X                
(34) patricia s levinson
trustee
 5.0 X                
(35) bernard w nussbaum
trustee
 5.0 X                
(36) judith O rubin
trustee
 5.0 X                
(37) stephen l schwartz
trustee
 5.0 X                
(38) daniel h stern
trustee
 5.0 X                
(39) michael j urfirer
trustee
 5.0 X                
(40) robert friedman
trustee
 5.0 X                
(41) robin neustein
trustee
 5.0 X                
(42) eric m ruttenberg
trustee
 5.0 X                
(43) dr scott H barnett
trustee (ex-officio)
 5.0 X                
(44) dr jephtha tausig-edwards
trustee (ex-officio)
 5.0 X                
(45) DR JEFFREY T LAITMAN
TRUSTEE
 5.0 X                
(46) RICHARD RAVITCH
VICE CHAIRMAN/TRUSTEE
 10.0 X   X            
(47) Kenneth L Davis MD
Chief Executive Officer
 27.5     X       1,278,022 1,278,022 54,270
(48) Dennis charney md 3
dean
 55.0     X       1,200,169 0 39,815
(49) michael macdonald esq
executive vp/general counsel
 27.5     X       454,165 454,165 56,824
(50) donald t scanlon
executive vp, bus & finance
 27.5     X       646,350 646,350 49,636
(51) jeffrey silberstein
exec vp,admin affairs,CAO,dean
 27.5     X       478,925 478,925 41,270
(52) stephen harvey
senior vp, CFO
 55.0     X       670,839 0 68,426
(53) mark kostegan fahp
senior vp, development
 38.5     X       579,226 248,240 42,420
(54) jane maksoud
senior vp,HR & labor relations
 29.1     X       362,297 321,282 55,550
(55) elana abraham 14
corporate treasurer
 14.0     X       0 228,440 48,763
(56) jessica moise
grants & contracts officer
 55.0     X       172,308 0 32,739
(57) john morrison phd23
dean, basic science & grads
 55.0     X       444,425 0 45,292
(58) jasmin moshirpur md
dean for queens hosp ctr
 55.0     X       571,867 0 60,967
(59) david muller md 2
dean for medical education
 55.0     X       452,791 0 42,800
(60) hugh sampson md 2
dean for translation biomed.
 55.0     X       470,909 0 38,137
(61) lynn kasner-morgan
associate dean for info resour
 55.0     X       223,678 0 48,176
(62) phyllis schnepf
Assoc dean edu & translational
 55.0     X       347,667 0 41,593
(63) Douglas Jabs MD MBA
senior vp/ceo
 55.0     X       882,149 0 43,516
(64) robert desnick md 2
dean, genomics & genetics
 55.0     X       363,006 0 54,545
(65) margaret pastuszko
vp, business planning
 27.5     X       301,309 301,309 47,488
(66) philip landrigan md 2
dean, global health
 55.0     X       462,660 0 48,700
(67) CONNIE C KLEPPER
SENIOR VP,BUSINESS DEVLP
 27.5     X       310,626 310,626 28,656
(68) frank cino
vp, audit services
 20.9       X     130,865 213,515 45,217
(69) jack nelson
senior vp & CIO
 7.2       X     72,752 486,878 21,265
(70) jane whitney
vp & chief compliance officer
 26.4       X     159,695 173,003 37,534
(71) mark babyatsky md
chairman/dept of medicine
 55.0       X     724,005 0 45,574
(72) KUMAR CHATANI
SENIOR VP, IT, & CIO
 7.2       X     34,389 230,139 2,450
(73) David B Samadi MD 6
chief of robotics
 55.0         X   5,802,766 0 40,695
(74) Samin Sharma MD 6
PRESIDENT, MS HEART NETWORK
 55.0         X   3,986,899 0 51,522
(75) Andrew Hecht MD 6
CO-CHIEF of SPINE SURGERY
 55.0         X   5,860,904 0 37,150
(76) SHEERAZ QURESHI MD 6
ASSISTANT PROFESSOR, SPINE
 55.0         X   3,626,688 0 36,042
(77) ARTHUR JENKINS III 6
ASST. PROF ORTHO & SPINE SURG
 55.0         X   3,035,964 0 41,286
(78) deborah Marin md 5
former officer
 16.5           X 162,303 255,853 35,422
(79) barry stimmel md 5
former officer
 46.3           X 199,910 35,771 51,666
(80) maureen milici 5
former officer
 55.0           X 309,474 0 47,647
1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)............MediumBullet 34,780,002 5,662,518 1,483,053
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organizationMediumBullet2,193
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If “Yes,” complete Schedule J for such individual .............
3
Yes
 
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If “Yes,” complete Schedule J for such individual...........................
4
Yes
 
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If “Yes,” complete Schedule J for such person .....
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
JONES DAY
222 EAST 41ST STREET
NEW YORK,NY100176702 		LEGAL FEES 4,414,852
SASM F LLP
PO BOX 1764
WHITE PLAINS,NY10602 		LEGAL FEES 1,801,899
WILLKIE FARR GALLAG
787 SEVENTH AVENUE
NEW YORK,NY100196099 		LEGAL FEES 886,592
MARSHALL GERSTEIN BORUN
233 SOUTH WACKER DRIVE
CHICAGO,IL60606 		LEGAL FEES 420,544
94 PLEASANT VIEW PRINTING
94 PLEASANT VIEW ROAD
PLEASANT VALLEY,NY12569 		PUBLISHING 347,578
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet19
Form 990 (2011)
Form 990 (2011)
Page 9
Part VIII
Statement of Revenue
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512, 513, or 514
Contributions, Gifts, Grants and Other Similar Amounts 1a Federated campaigns..1a  
b Membership dues....1b  
c Fundraising events....1c 2,983,747
d Related organizations...1d 14,341,583
e Government grants (contributions)1e 158,630
f All other contributions, gifts, grants, and
similar amounts not included above1f 		93,310,787
g Noncash contributions included in lines 1a-1f:$ 3,983,180
h Total. Add lines 1a-1f.......MediumBullet 110,794,747
Program Service Revenue Business Code
2a PATIENT CARE/LAB SERVICES 621,500 506,365,032 506,365,032    
b FEDERAL CONTRACTS 541,700 296,440,922 296,440,922    
c NYC HEALTH AND HOSP. CORP. 621,400 196,354,317 196,354,317    
d MOUNT SINAI HOSPITAL CARTS 561,000 136,731,642 136,731,642    
e PRIVATE CONTRACTS 541,700 68,150,923 68,150,923    
f All other program service revenue . 25,325,459 25,325,459    
g Total. Add lines 2a–2f........MediumBullet 1,229,368,295
Other Revenue 3 Investment income (including dividends, interest
and other similar amounts).....MediumBullet 5,181,749   -3,836 5,185,585
4 Income from investment of tax-exempt bond proceeds..MediumBullet 966,371     966,371
5 Royalties............MediumBullet 25,296,561     25,296,561
(i) Real (ii) Personal
6a Gross rents 8,051,106  
b Less: rental expenses    
c Rental income or (loss) 8,051,106  
d Net rental income or (loss).......MediumBullet 8,051,106     8,051,106
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory 19,389,873  
b Less: cost or other basis and sales expenses    
c Gain or (loss) 19,389,873  
d Net gain or (loss)..........MediumBullet 19,389,873     19,389,873
8a Gross income from fundraising events (not including
$ 2,983,747
of contributions reported on line 1c). See Part IV, line 18 ...
a 299,960
b Less: direct expenses ...b 903,300
c Net income or (loss) from fundraising events..MediumBullet -603,340   -603,340
9a Gross income from gaming activities.
See Part IV, line 19 ...
a  
b Less: direct expenses ...b  
c Net income or (loss) from gaming activities...MediumBullet 0      
10a Gross sales of inventory, less
returns and allowances .
a  
b Less: cost of goods sold ..b  
c Net income or (loss) from sales of inventory..MediumBullet 0      
Miscellaneous Revenue Business Code
11a AUX ENTERPRISES 812,930 2,599,986     2,599,986
b TUITION & RELATED FEES 900,099 5,508,384 5,508,384    
c MEDICAL EDUCATION 611,710 1,914,266 1,914,266    
d All other revenue .... 8,664,557   48,500 8,616,057
e Total. Add lines 11a–11d ......MediumBullet 18,687,193
12 Total revenue. See Instructions....MediumBullet 1,417,132,555 1,236,790,945 44,664 69,502,199
Form 990 (2011)
Form 990 (2011)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A) but are not required to complete columns (B), (C), and (D).
Check if Schedule O contains a response to any question in this Part IX. .........
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII. 		(A)
Total expenses 		(B)
Program service expenses 		(C)
Management and general expenses 		(D)
Fundraising expenses
1 Grants and other assistance to governments and organizations in the United States. See Part IV, line 21 0  
2 Grants and other assistance to individuals in the United States. See Part IV, line 22 3,292,010 3,292,010
3 Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16 0  
4 Benefits paid to or for members 0  
5 Compensation of current officers, directors, trustees, and key employees .... 12,531,638 2,461,277 9,179,159 891,202
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .... 0      
7 Other salaries and wages 740,589,246 701,732,177 36,430,157 2,426,912
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 27,308,652 25,577,073 1,618,930 112,649
9 Other employee benefits ....... 119,428,197 112,135,344 6,801,589 491,264
10 Payroll taxes ........... 32,780,420 29,331,989 3,216,994 231,437
11 Fees for services (non-employees):        
a Management ...... 21,144,934 19,308,931 1,466,612 369,391
b Legal ......... 11,745,009   11,733,517 11,492
c Accounting ........... 2,574,326   2,574,326  
d Lobbying ........... 0      
e Professional fundraising. See Part IV, line 17.. 0  
f Investment management fees ...... 1,688,560   1,688,560  
g Other .......... 5,751,961 3,404,087 2,130,778 217,096
12 Advertising and promotion .... 2,537,324 2,511,172 24,831 1,321
13 Office expenses ....... 51,791,501 47,444,189 4,210,793 136,519
14 Information technology ...... 2,256,455 984,585 1,221,891 49,979
15 Royalties .. 12,676,814   12,676,814  
16 Occupancy ........... 83,013,980 27,197,902 55,469,702 346,376
17 Travel ............ 3,130,515 2,890,855 224,071 15,589
18 Payments of travel or entertainment expenses for any federal, state, or local public officials ...... 0      
19 Conferences, conventions, and meetings .... 9,706,776 9,220,822 458,668 27,286
20 Interest ........... 12,436,624 144,861 12,291,763  
21 Payments to affiliates ....... 0      
22 Depreciation, depletion, and amortization ..... 52,914,873 27,239,756 25,661,175 13,942
23 Insurance .............. 32,926,338 16,980,604 15,945,734  
24 Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24f. If line 24f amount exceeds 10% of line 25, column (A) amount, list line 24f expenses on Schedule O.)
a MEDICAL SUPPLIES 127,997,352 127,948,731 48,621  
b PERIODICALS & PUBLISHING 4,324,506 1,172,611 2,872,177 279,718
c TUITION 3,297,610 2,054,304 1,243,306  
d INSTITUTIONAL DUES 484,205 274,891 209,314  
e
f All other expenses 33,329,041 32,090,517 960,719 277,805
25 Total functional expenses. Add lines 1 through 24f 1,411,658,867 1,195,398,688 210,360,201 5,899,978
26 Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here MediumBullet if following SOP 98-2 (ASC 958-720).        
Form 990 (2011)
Form 990 (2011)
Page 11
Part X Balance Sheet
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash—non-interest-bearing .......... 0 1 10,769,537
2 Savings and temporary cash investments ....... 117,400,961 2 107,892,293
3 Pledges and grants receivable, net ......... 105,984,721 3 106,789,584
4 Accounts receivable, net ......... 54,458,151 4 55,668,147
5 Receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
Schedule L .......... 1,835,017 5 1,753,514
6 Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B). Complete Part II of
Schedule L .......... 0 6 0
7 Notes and loans receivable, net ............. 49,277,279 7 56,927,141
8 Inventories for sale or use .............. 0 8 0
9 Prepaid expenses and deferred charges ............ 7,451,033 9 8,245,497
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 1,286,110,615
b Less: accumulated depreciation. ..... 10b 462,313,068 673,126,821 10c 823,797,547
11 Investments—publicly traded securities .......... 794,767,208 11 645,087,965
12 Investments—other securities. See Part IV, line 11 ...... 72,781,282 12 80,226,368
13 Investments—program-related. See Part IV, line 11 .. 25,340,524 13 24,458,675
14 Intangible assets ......... 0 14 0
15 Other assets. See Part IV, line 11 ........... 8,559,928 15 157,563,609
16 Total assets. Add lines 1 through 15 (must equal line 34)... 1,910,982,925 16 2,079,179,877
Liabilities 17 Accounts payable and accrued expenses . 110,301,746 17 102,421,863
18 Grants payable .......... 0 18 0
19 Deferred revenue .......... 56,578,060 19 61,827,521
20 Tax-exempt bond liabilities .......... 668,492,878 20 654,817,622
21 Escrow or custodial account liability. Complete Part IV of Schedule D.. 0 21 0
22 Payables to current and former officers, directors, trustees, key
employees, highest compensated employees, and disqualified
persons. Complete Part II of Schedule L.......... 0 22 0
23 Secured mortgages and notes payable to unrelated third parties .. 3,947,430 23 4,378,858
24 Unsecured notes and loans payable to unrelated third parties .... 0 24 0
25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D..... 139,832,216 25 338,521,864
26 Total liabilities. Add lines 17 through 25..... 979,152,330 26 1,161,967,728
Net Assets or Fund Balance Organizations that follow SFAS 117, check here MediumBullet and complete lines 27 through 29, and lines 33 and 34.
27 Unrestricted net assets ..... 343,627,914 27 331,996,012
28 Temporarily restricted net assets ..... 247,982,935 28 234,987,570
29 Permanently restricted net assets ..... 340,219,746 29 350,228,567
Organizations that do not follow SFAS 117, check here MediumBullet and complete lines 30 through 34.
30 Capital stock or trust principal, or current funds .....   30  
31 Paid-in or capital surplus, or land, building or equipment fund .....   31  
32 Retained earnings, endowment, accumulated income, or other funds   32  
33 Total net assets or fund balances ..... 931,830,595 33 917,212,149
34 Total liabilities and net assets/fund balances ..... 1,910,982,925 34 2,079,179,877
Form 990 (2011)
Form 990 (2011)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response to any question in this Part XI .........
1
Total revenue (must equal Part VIII, column (A), line 12) ...
1
1,417,132,555
2
Total expenses (must equal Part IX, column (A), line 25) ....
2
1,411,658,867
3
Revenue less expenses. Subtract line 2 from line 1 ...
3
5,473,688
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) ..
4
931,830,595
5
Other changes in net assets or fund balances (explain in Schedule O) ...
5
-20,092,134
6
Net assets or fund balances at end of year. Combine lines 3, 4, and 5 (must equal Part X, line 33, column (B)) ....
6
917,212,149
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response to any question in this Part XII .........
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?....
2a
 
No
b
Were the organization’s financial statements audited by an independent accountant?........
2b
Yes
 
c
If “Yes,” to 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant? If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O. ...........................
2c
Yes
 
d
If “Yes” to line 2a or 2b, check a box below to indicate whether the financial statements for the year were issued on a separate basis, consolidated basis, or both:
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133? ................
3a
Yes
 
b
If “Yes,” did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits. ..
3b
Yes
 
Form 990 (2011)
Additional Data


Software ID:  
Software Version:  
Form 990, Special Condition Description:
Special Condition Description
SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service
Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section
4947(a)(1) nonexempt charitable trust.
right arrow Attach to Form 990 or Form 990-EZ. right arrow See separate instructions.
OMB No. 1545-0047
2011
Open to Public
Inspection
Name of the organization
Mount Sinai School of Medicine
 
Employer identification number

13-6171197
Part I
Reason for Public Charity Status (All organizations must complete this part.) See instructions
The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)
1
2
3
4
5
section 170(b)(1)(A)(iv). (Complete Part II.)
6
7
8
9
receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of
its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses
acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)
10
11
e
f
g
(i) a person who directly or indirectly controls, either alone or together with persons described in (ii)
Yes
No
and (iii) below, the governing body of the the supported organization? ................
11g(i)
 
 
(ii) a family member of a person described in (i) above? ......................
11g(ii)
 
 
(iii) a 35% controlled entity of a person described in (i) or (ii) above? ................
11g(iii)
 
 
h
(i)
Name of supported organization 		(ii)
EIN 		(iii)
Type of organization (described on lines 1- 9 above or IRC section (see instructions)) 		(iv)
Is the organization in col. (i) listed in your governing document? 		(v)
Did you notify the organization in col. (i) of your support? 		(vi)
Is the organization in col. (i) organized in the U.S.? 		(vii)
Amount of support?
Yes No Yes No Yes No
Total                  

For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2011
Schedule A (Form 990 or 990-EZ) 2011
Page 2
Part II
Support Schedule for Organizations Described in IRC 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization fails to qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year(or fiscal year beginning in) (a) 2007 (b) 2008 (c) 2009 (d) 2010 (e) 2011 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") ....            
2 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......            
3 The value of services or facilities furnished by a governmental unit to the organization without charge..            
4 Total. Add lines 1 through 3..            
5 The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f)..            
6 Public Support. Subtract line 5 from line 4.            
Section B. Total Support
Calendar year(or fiscal year beginning in) (a) 2007 (b) 2008 (c) 2009 (d) 2010 (e) 2011 (f) Total
7 Amounts from line 4..            
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..            
9 Net income from unrelated business activities, whether or not the business is regularly carried on..            
10 Other income. (Explain in Part IV.) Do not include gain or loss from the sale of capital assets..            
11 Total support (Add lines 7 through 10).            
12
12
 
13
Section C. Computation of Public Support Percentage
14
14
 
15
15
 
16a
b
17a
b
18
Schedule A (Form 990 or 990-EZ) 2011
Schedule A (Form 990 or 990-EZ) 2011
Page 3
Part III
Support Schedule for Organizations Described in IRC 509(a)(2)
(Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)
Section A. Public Support
Calendar year(or fiscal year beginning in) (a) 2007 (b) 2008 (c) 2009 (d) 2010 (e) 2011 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .            
2 Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose......            
3 Gross receipts from activities that are not an unrelated trade or business under section 513..            
4 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...            
5 The value of services or facilities furnished by a governmental unit to the organization without charge..            
6 Total. Add lines 1 through 5.            
7a Amounts included on lines 1, 2, and 3 received from disqualified persons...            
b Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.            
c Add lines 7a and 7b..            
8 Public Support (Subtract line 7c from line 6.)            
Section B. Total Support
Calendar year (or fiscal year beginning in) (a) 2007 (b) 2008 (c) 2009 (d) 2010 (e) 2011 (f) Total
9 Amounts from line 6...            
10a Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..            
b Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.            
c Add lines 10a and 10b.            
11 Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.            
12 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.)            
13 Total support (Add lines 9, 10c, 11 and 12.).            
14
Section C. Computation of Public Support Percentage
15
15
 
16
16
 
Section D. Computation of Investment Income Percentage
17
17
 
18
18
 
19a
b
20
Schedule A (Form 990 or 990-EZ) 2011
Schedule A (Form 990 or 990-EZ) 2011
Page 4
Part IV
Supplemental Information. Supplemental Information. Complete this part to provide the explanation required by Part II, line 10; Part II, line 17a or 17b; or Part III, line 12. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
 
Explanation
 
 
 
 
Schedule A (Form 990 or 990-EZ) 2011

Additional Data


Software ID:  
Software Version:  
Schedule B
(Form 990, 990-EZ,
or 990-PF)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors
Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
OMB No. 1545-0047
2011
Name of organization
Mount Sinai School of Medicine
 
Employer identification number

13-6171197
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ





Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......................... Arrow Bullet   $    
Caution. An Organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
Form 990-EZ or on Part I, line 2, of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2011)

Page 2
Schedule B (Form 990, 990-EZ, or 990-PF) (2011)
Name of organization
Mount Sinai School of Medicine
  		Employer identification number

13-6171197
Part I
Contributors (see Instructions). Use duplicate copies of Part I if additional space is needed.
     
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
RESTRICTED
RESTRICTED
 

     
RESTRICTED
RESTRICTED  
RESTRICTED, RESTRICTED   RESTRICTED

$RESTRICTED




(Complete Part II if there is a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is a noncash contribution.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2011)

Page 3
Schedule B (Form 990, 990-EZ, or 990-PF) (2011)
Name of organization
Mount Sinai School of Medicine
  		Employer identification number

13-6171197
Part II
Noncash Property (see Instructions). Use duplicate copies of Part II if additional space is needed.
     
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions). 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions). 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions). 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions). 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions). 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions). 		(d)
Date received
 
$    
Schedule B (Form 990, 990-EZ, or 990-PF) (2011)

Page 4
Schedule B (Form 990, 990-EZ, or 990-PF) (2011)
Name of organization
Mount Sinai School of Medicine
  		Employer identification number

13-6171197
Part III
Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
that total more than $1,000 for the year. Complete columns (a) through (e) and the following line entry.
For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet $  
Use duplicate copies of Part III if additional space is needed
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
Schedule B (Form 990, 990-EZ, or 990-PF) (2011)

Additional Data


Software ID:  
Software Version:  
SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
SchDMd Bullet Complete if the organization answered "Yes," to Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b
SchDMd Bullet Attach to Form 990. SchDMd Bullet See separate instructions.
OMB No. 1545-0047
2011
Open to Public Inspection
Name of the organization
Mount Sinai School of Medicine
 
Employer identification number

13-6171197
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" to Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year .......    
2 Aggregate contributions to (during year) ...    
3 Aggregate grants from (during year) ...    
4 Aggregate value at end of year .......    
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................
Part II
Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ....................... 2a  
b Total acreage restricted by conservation easements .................. 2b  
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register .................... 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during
the tax year SchDMd Bullet  
4
Number of states where property subject to conservation easement is located SchDMd Bullet  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and
enforcement of the conservation easements it holds? .............................
6
Staff and volunteer hours devoted to monitoring, inspecting and enforcing conservation easements during the year SchDMd Bullet  
7
Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet $  
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section
170(h)(4)(B)(i) and 170(h)(4)(B)(ii)? ....................................
9
In Part XIV, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" to Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works of
art, historical treasures, or other similar assets held for public exhibition, education or research in furtherance of public service,
provide, in Part XIV, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art,
historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service,
provide the following amounts relating to these items:
(i)
Revenues included in Form 990, Part VIII, line 1 ........................SchDMd Bullet $  
(ii)
Assets included in Form 990, Part X ..............................SchDMd Bullet $  
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 (ASC 958), relating to these items:
a
Revenues included in Form 990, Part VIII, line 1 ..........................SchDMd Bullet $  
b
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
For Privacy Act and Paperwork Reduction Act Notice, see the Intructions for Form 990
Cat. No. 52283D
Schedule D (Form 990) 2011

Schedule D (Form 990) 2011
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s accession and other records, check any of the following that are a significant use of its collection
items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIV.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?........
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" to Form 990,
Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b
If "Yes," explain the arrangement in Part XIV and complete the following table:
Amount
c Beginning balance ................................. 1c  
d Additions during the year .............................. 1d  
e Distributions during the year ............................. 1e  
f Ending balance ................................... 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21? .....................
b
If “Yes,” explain the arrangement in Part XIV.
Part V
Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10.
(a)Current Year (b)Prior Year (c)Two Years Back (d)Three Years Back (e)Four Years Back
1a Beginning of year balance .... 443,796,176 410,271,532 340,910,611 467,529,733
b Contributions ........ 12,799,049 12,709,531 10,075,212 21,658,885
c Net investment earnings, gains, and losses ... 3,681,286 40,924,143 79,141,366 -131,632,256
d Grants or scholarships ..... 3,292,010 3,258,759 3,177,378 2,071,702
e Other expenditures for facilities
and programs ........ 		12,152,079 16,850,271 16,678,279 14,574,049
f Administrative expenses .... 0 0 0 0
g End of year balance ...... 444,832,422 443,796,176 410,271,532 340,910,611
2
Provide the estimated percentage of the year end balance (line 1g) held as:
a
Board designated or quasi-endowment SchDMd Bullet12.000 %
b
Permanent endowment SchDMd Bullet74.000 %
c
Temporarily restricted endowment SchDMd Bullet14.000 %
The percentages in lines 2a, 2b, and 2c should equal 100%.
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) unrelated organizations ........................
3a(i)
 
No
(ii) related organizations ........................
3a(ii)
Yes
 
b
If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
Yes
 
4
Describe in Part XIV the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment. See Form 990, Part X, line 10.
Description of property (a) Cost or other basis (investment) (b)Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land .................   11,011,897 11,011,897
b Buildings ................   489,766,283 160,320,911 329,445,372
c Leasehold improvements ............   171,990,684 144,060,526 27,930,158
d Equipment ................   244,552,484 157,931,631 86,620,853
e Other .................   368,789,267 0 368,789,267
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......SchDMdBullet 823,797,547
Schedule D (Form 990) 2011

Schedule D (Form 990) 2011
Page 3
Part VII
Investments—Other Securities. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)		 (b)Book value (c) Method of valuation:
Cost or end-of-year market value
(1)Financial derivatives    
(2)Closely-held equity interests    
Other








Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)Small Bullet  
Part VIII
Investments—Program Related. See Form 990, Part X, line 13.
(a) Description of investment type (b) Book value (c) Method of valuation:
Cost or end-of-year market value








Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)Small Bullet  
Part IX
Other Assets. See Form 990, Part X, line 15.
(a) Description (b) Book value
(1) OTHER ASSETS 4,193,956
(2) DUE FROM NYCH&H CORP. 5,356,053
(3) INSURANCE CLAIMS 145,513,600
(4) DUE FROM NY GENOME CENTER 2,500,000





Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........Small Bullet 157,563,609
Part X
Other Liabilities. See Form 990, Part X, line 25.
1.(a) Description of Liability (b) Book value
Federal Income Taxes 0
ACCRUED INTEREST PAYABLE 16,328,317
FEDERAL LOAN CAPITAL ADVANCES 4,746,766
EMPLOYEE RELOCATION LOAN PGM 33,266,343
POST RETIREMENT HLTH BENF OBLI 12,939,572
DUE TO RELATED ORGS NET 125,727,266
INSURANCE CLAIMS 145,513,600



Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)Small Bullet 338,521,864
2. Fin 48 (ASC 740) Footnote. In Part XIV, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC740).
Schedule D (Form 990) 2011

Schedule D (Form 990) 2011
Page 4
Part XI Reconciliation of Change in Net Assets from Form 990 to Financial Statements
1 Total revenue (Form 990, Part VIII, column (A), line 12) .................... 1 1,417,132,555
2 Total expenses (Form 990, Part IX, column (A), line 25) ..................... 2 1,411,658,867
3 Excess or (deficit) for the year. Subtract line 2 from line 1 ............. 3 5,473,688
4 Net unrealized gains (losses) on investments .......................... 4 -20,092,134
5 Donated services and use of facilities ............................. 5  
6 Investment expenses ................................... 6  
7 Prior period adjustments .................................. 7  
8 Other (Describe in Part XIV.) ................................. 8 -1,164,568
9 Total adjustments (net). Add lines 4 through 8 ......................... 9 -21,256,702
10 Excess or (deficit) for the year per financial statements. Combine lines 3 and 9 ......... 10 -15,783,014
Part XII Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
1 Total revenue, gains, and other support per audited financial statements ....... 1 1,427,540,905
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains on investments .......... 2a -20,092,134
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIV.) ............ 2d 33,681,612
e Add lines 2a through 2d ..................... 2e 13,589,478
3 Subtract line 2e from line 1..................... 3 1,413,951,427
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a 1,688,560
b Other (Describe in Part XIV.) ........... 4b 1,492,568
c Add lines 4a and 4b....................... 4c 3,181,128
5 Total Revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5 1,417,132,555
Part XIII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
1 Total expenses and losses per audited financial statements ............. 1 1,412,136,653
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities .......... 2a  
b Prior year adjustments .............. 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIV.) ............ 2d 2,166,346
e Add lines 2a through 2d...................... 2e 2,166,346
3 Subtract line 2e from line 1..................... 3 1,409,970,307
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a 1,688,560
b Other (Describe in Part XIV.) ............ 4b  
c Add lines 4a and 4b....................... 4c 1,688,560
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5 1,411,658,867
Part XIV
Supplemental Information
Complete this part to provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X; Part XI, line 8; Part XII, lines 2d and 4b; and Part XIII, lines 2d and 4b. Also complete this part to provide any additional information.
Identifier Return Reference Explanation
PART V, LINE 4 ENDOWED FUNDS THE ENDOWED FUNDS' INTENDED USE IS TO GENERATE INCOME TO SUPPORT THE SCHOOL OF MEDICINE'S PROGRAM SERVICE FUNCTIONS AND OPERATIONS IN ACCORDANCE WITH MOUNT SINAI MEDICAL CENTER POOLED INVESTMENT POLICY.
PART XI, LINE 8 RECONCILIATION OF CHANGE IN NET ASSETS PER AUDITED FINANCIAL STATEMENTS DECREASE IN NET ASSETS OF THE MITRAL FOUNDATION OF $1,332,132 AND INCREASE IN NET ASSETS OF THE CHILDREN'S CENTER FOUNDATION OF $167,564 WHICH ARE INCLUDED IN THE CONSOLIDATED AUDITED FINANCIAL STATEMENT OF THE MOUNT SINAI SCHOOL OF MEDICINE. Part XII, Line 2D Reconciliation of revenue per audited financial statements revenue of the mitral foundation of $30,056, the children's center foundation of $970,722 which are included in the consolidated audited financial statement of the mount sinai school of medicine, investment return earned less than amounts allocated to operations of $32,906,855, and investment return recovery on permanently restricted net assets of (-226,021). Part XII, Line 4A REVENUES OF $1,688,560 USED TO COVER INVESTMENT FEES IS DRAWN FROM MOUNT SINAI SCHOOL OF MEDICINE'S INVESTMENT POOL AND NETTED AGAINST INTEREST AND DIVIDEND INCOME FROM INVESTMENTS. IT IS NOT RECORDED AS A REVENUE OR AN EXPENSE ON THE AUDITED FINANCIAL STATEMENTS. Part XII, Line 4B DISTRIBUTIONS FROM RELATED PARTIES NOT INCLUDED AS A CONTRIBUTION IN THE AUDITED FINANCIAL STATEMENT OF $1,492,568. Part XIII, Line 2D RECONCILIATION OF EXPENSES PER AUDITED FINANCIAL STATEMENTS EXPENSES OF THE MITRAL FOUNDATION OF $1,362,188, THE CHILDREN'S CENTER FOUNDATION OF $803,158, AND ROUNDING OF $1,000, WHICH ARE INCLUDED IN THE CONSOLIDATED AUDITED FINANCIAL STATEMENT OF THE MOUNT SINAI SCHOOL OF MEDICINE. Part XIII, Line 4A EXPENSES OF $1,688,560 USED TO COVER INVESTMENT FEES IS DRAWN FROM MOUNT SINAI SCHOOL OF MEDICINE'S INVESTMENT POOL AND NETTED AGAINST INTEREST AND DIVIDEND INCOME FROM INVESTMENTS. IT IS NOT RECORDED AS REVENUE OR AN EXPENSE ON THE AUDITED FINANCIAL STATEMENTS.
Schedule D (Form 990) 2011

Additional Data


Software ID:  
Software Version:  




SCHEDULE E(Form 990 or 990-EZ)
Department of the TreasuryInternal Revenue Service
Schools
Right pointing arrow large imageComplete if the organization answered "Yes" to Form 990, Part IV, line 13,or Form 990-EZ, Part VI, line 48.Right pointing arrow large image Attach to Form 990 or Form 990-EZ.
OMB No. 1545-0047
2011
Open to Public Inspection
Name of the organization
Mount Sinai School of Medicine
 
Employer identification number

13-6171197
Part I
YES
NO
1
Does the organization have a racially nondiscriminatory policy toward students by statement in its charter, bylaws,
other governing instrument, or in a resolution of its governing body? ......................
1
Yes
 
2
Does the organization include a statement of its racially nondiscriminatory policy toward students in all its
brochures, catalogues, and other written communications with the public dealing with student admissions,
programs, and scholarships? ......................................
2
Yes
 
3
Has the organization publicized its racially nondiscriminatory policy through newspaper or broadcast media during
the period of solicitation for students, or during the registration period if it has no solicitation program, in a way
that makes the policy known to all parts of the general community it serves? If "Yes," please describe. If "No,"
please explain. If you need more space use Part II. .............................
3
Yes
 
 
4
Does the organization maintain the following?
a
Records indicating the racial composition of the student body, faculty, and administrative staff? ..........
4a
Yes
 
b
Records documenting that scholarships and other financial assistance are awarded on a racially nondiscriminatory
basis? ...............................................
4b
Yes
 
c
Copies of all catalogues, brochures, announcements, and other written communications to the public dealing
with student admissions, programs, and scholarships? ...........................
4c
Yes
 
d
Copies of all material used by the organization or on its behalf to solicit contributions? ..............
4d
Yes
 
If you answered "No" to any of the above, please explain. If you need more space, use Part II.
 
5
Does the organization discriminate by race in any way with respect to:
a
Students' rights or privileges? .....................................
5a
 
No
b
Admissions policies? .........................................
5b
 
No
c
Employment of faculty or administrative staff? ..............................
5c
 
No
d
Scholarships or other financial assistance? ................................
5d
 
No
e
Educational policies? .........................................
5e
 
No
f
Use of facilities? ...........................................
5f
 
No
g
Athletic programs? ..........................................
5g
 
No
h
Other extracurricular activities? .....................................
5h
 
No
If you answered "Yes" to any of the above, please explain. If you need more space, use Part II.
 
6a
Does the organization receive any financial aid or assistance from a governmental agency? ...........
6a
Yes
 
b
Has the organization's right to such aid ever been revoked or suspended? ...................
6b
 
No
If you answered "Yes" to either line 6a or line 6b, explain on Part II.
7
Does the organization certify that it has complied with the applicable requirements of sections 4.01 through 4.05
of Rev. Proc. 75-50, 1975-2 C.B. 587, covering racial nondiscrimination? If "No," explain on Part II.
7
Yes
 
Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50085D
Schedule E (Form 990 or 990-EZ) 2011
Schedule E (Form 990 or 990EZ) 2011
Page 2
Part II
Supplemental Information
Complete this part to provide the explanations required by Part I, lines 3, 4d, 5h, 6b, and 7, as applicable. Also complete this part to provide any other additional information (see instructions).
Identifier Return Reference Explanation
Part I, Line 3   INCLUDED IN THE STUDENT HANDBOOK WHICH IS DISTRIBUTED AND REVIEWED AT GRADUATION. ALSO IN THE SCHOOL CATALOGS.
Schedule E (Form 990 or 990-EZ) 2011
Additional Data


Software ID:  
Software Version:  
SCHEDULE F(Form 990)
Department of the Treasury
Internal Revenue Service
Statement of Activities Outside the United States
Right pointing arrow large image Complete if the organization answered "Yes" to Form 990,Part IV, line 14b, 15, or 16.Right pointing arrow large image Attach to Form 990. Right pointing arrow large image See separate instructions.
OMB No. 1545-0047
2011
Open to Public Inspection
Name of the organization
Mount Sinai School of Medicine
 
Employer identification number

13-6171197
Part I
General Information on Activities Outside the United States. Complete if the organization answered
“Yes” to Form 990, Part IV, line 14b.
1
For grantmakers. Does the organization maintain records to substantiate the amount of its grants
and other assistance, the grantees' eligibility for the grants or assistance, and the selection criteria used
to award the grants or assistance? ..............................
2
For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of its grants and other
assistance outside the United States.
3
Activites per Region. (Use Part V if additional space is needed.)
(a) Region (b) Number of offices in the region (c) Number of employees or agents in region or independent contractors (d) Activities conducted in region (by type) (e.g., fundraising, program services, investments, grants to recipients located in the region) (e) If activity listed in (d) is a program service, describe specific type of
service(s) in region		 (f) Total
expenditures for region/investments
in region
Central America and the Caribbean     Investments   268,332,000
East Asia and the Pacific     Program Services SUBCONTRACT 298,242
Europe (Including Iceland and Greenland)     Program Services SUBCONTRACT 2,486,195
Middle East and North Africa     Program Services SUBCONTRACT 482,337
North America     Program Services SUBCONTRACT 120,333
South Asia     Program Services SUBCONTRACT 25,775
Sub-Saharan Africa     Program Services SUBCONTRACT 18,285
           
           
           
           
           
           
           
           
           
           
3a Sub-total .....     271,763,167
b Total from continuation sheets to Part I ...      
c Totals (add lines 3a and 3b)     271,763,167
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2011
Schedule F (Form 990) 2011
Page 2
Part II
Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" to Form 990,
Part IV, line 15, for any recipient who received more than $5,000. Check this box if no one recipient received more than $5,000 ........ MediumBullet
Use Part V if additional space is needed.
1 (a) Name of organization (b) IRS code section
and EIN (if applicable)		 (c) Region (d) Purpose of
grant 		(e) Amount of
cash grant 		(f) Manner of
cash
disbursement 		(g) Amount of
of non-cash
assistance 		(h) Description
of non-cash
assistance 		(i) Method of
valuation
(book, FMV,
appraisal, other)
             
             
             
             
             
             
             
             
             
             
             
             
             
             
             
             
2
Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter .....MediumBullet
 
3
Enter total number of other organizations or entities ........................MediumBullet
 
Schedule F (Form 990) 2011
Schedule F (Form 990) 2011Page 3
Part III
Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 16.
Use Part V if additional space is needed.
(a) Type of grant or assistance (b) Region (c) Number of recipients (d) Amount of
cash grant 		(e) Manner of cash
disbursement 		(f) Amount of
non-cash
assistance 		(g) Description
of non-cash
assistance 		(h) Method of
valuation
(book, FMV,
appraisal, other)
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
Schedule F (Form 990) 2011
Schedule F (Form 990) 2011
Page 4
Part IV
Foreign Forms
1 Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 926 (see instructions for Form 926).................
2 Did the organization have an interest in a foreign trust during the tax year? If " Yes," the organization may be required to file Form 3520 and/or Form 3520-A. (see instructions for Forms 3520 and 3520-A)..........
3 Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 5471, Information Return of U.S. Persons with respect to Certain Foreign Corporations. (see instructions for Form 5471)..............................
4 Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If "Yes," the organization may be required to file Form 8621, Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see instructions for Form 8621)
5 Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865, Return of U.S. Persons with respect to Certain Foreign Partnerships. (see instructions for Form 8865)....................................
6 Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to file Form 5713, International Boycott Report (see instructions for Form 5713)................................................
Schedule F (Form 990) 2011
Schedule F (Form 990) 2011
Page 5
Part V
Supplemental Information
Complete this part to provide the information required by Part I, line 2 (monitoring of funds); Part I, line 3, column (f) (accounting method; amounts of investments vs. expenditures per region); Part II, line 1 (accounting method); Part III (accounting method); and Part III, column (c) (estimated number of recipients), as applicable. Also complete this part to provide any additional information (see instructions).
Identifier ReturnReference Explanation
SCHEDULE F, PARTS I & IV   PLEASE NOTE THAT THE INVESTMENT ACTIVITIES LISTED IN PART I ARE ALLOCATED TO AGREE TO THE AUDITED FINANCIAL STATEMENT REPORTING AS POOLED INVESTMENTS WHILE PART IV REPORTS ON FOREIGN FILINGS FILED BY THE RESPECTIVE ORGANIZATION.
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
Schedule F (Form 990) 2011
Additional Data


Software ID:  
Software Version:  



SCHEDULE G (Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Supplemental Information Regarding
Fundraising or Gaming Activities
Complete if the organization answered "Yes" to Form 990, Part IV, lines 17, 18, or 19,or if the organization entered more than $15,000 on Form 990-EZ, line 6a.right arrowAttach to Form 990 or Form 990-EZ. right arrowSee separate instructions.
OMB No. 1545-0047
2011
Open to Public Inspection
Name of the organization
Mount Sinai School of Medicine
 
Employer identification number

13-6171197
Part I
Fundraising Activities. Complete if the organization answered "Yes" to Form 990, Part IV, line 17.
1
Indicate whether the organization raised funds through any of the following activities. Check all that apply.
a e
b f
c g
d
2a
Did the organization have a written or oral agreement with any individual (including officers, directors, trustees
or key employees listed in Form 990, Part VII) or entity in connection with professional fundraising services?
b
If “Yes,” list the ten highest paid individuals or entities (fundraisers) pursuant to agreements under which the fundraiser is
to be compensated at least $5,000 by the organization. Form 990-EZ filers are not required to complete this table.
(i) Name and address of individual
or entity (fundraiser) 		(ii) Activity (iii) Did fundraiser have custody or control of contributions? (iv) Gross receipts
from activity 		(v) Amount paid to
(or retained by)
fundraiser listed in
col. (i) 		(vi) Amount paid to
(or retained by)
organization
Yes No
Total .................right arrow      
3
List all states in which the organization is registered or licensed to solicit funds or has been notified it is exempt from registration or licensing.
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50083H
Schedule G (Form 990 or 990-EZ) 2011
Schedule G (Form 990 or 990-EZ) 2011
Page 2
Part II
Fundraising Events. Complete if the organization answered "Yes" to Form 990, Part IV, line 18, or reported more than $15,000 on Form 990-EZ, line 6a. List events with gross receipts greater than $5,000.
(a) Event #1

CRYSTAL PARTY
(event type) 		(b) Event #2

BREAST HTH GALA
(event type) 		(c) Other Events

0
(total number) 		(d) Total Events
(Add col. (a) through col. (c))
VerticalRevenue 1 Gross receipts . . . 2,866,211 417,496   3,283,707
2 Less: Charitable
contributions . . . 		2,632,211 351,536   2,983,747
3 Gross income (line 1
minus line 2) . . . 		234,000 65,960   299,960
VerticalDirectExpenses 4 Cash prizes . . .        
5 Non-cash prizes . .        
6 Rent/facility costs . . 345,000     345,000
7 Food and beverages . . 227,060 87,930   314,990
8 Entertainment . . . 1,560 1,560   3,120
9 Other direct expenses . 203,452 36,738   240,190
10 Direct expense summary. Add lines 4 through 9 in column (d) ........... right arrow 903,300
11 Net income summary. Combine lines 3 and 10 in column (d)............ right arrow -603,340
Part III
Gaming. Complete if the organization answered "Yes" to Form 990, Part IV, line 19, or reported more than $15,000 on Form 990-EZ, line 6a.
VerticalRevenue (a) Bingo (b) Pull tabs/Instant
bingo/progressive bingo 		(c) Other gaming (d) Total gaming (Add col. (a) through col. (c))
1 Gross revenue . . . .        
VerticalDirectExpenses 2 Cash prizes . . . .        
3 Non-cash prizes . . .        
4 Rent/facility costs . . .        
5 Other direct expenses . .        
6 Volunteer labor . . .
 
 
 
7 Direct expense summary. Add lines 2 through 5 in column (d) ........... right arrow  
8 Net gaming income summary. Combine lines 1 and 7 in column (d) .......... right arrow  
9
Enter the state(s) in which the organization operates gaming activities:
a
Is the organization licensed to operate gaming activities in each of these states? ............
b
If "No," Explain:
 
10a
Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year? .....
b
If "Yes," Explain:
 
11
Does the organization operate gaming activities with nonmembers? .................
12
Is the organization a grantor, beneficiary or trustee of a trust or a member of a partnership or other entity
formed to administer charitable gaming? ..........................
Schedule G (Form 990 or 990-EZ) 2011
Schedule G (Form 990 or 990-EZ) 2011
Page 3
13
Indicate the percentage of gaming activity operated in:
a
The organization's facility ......................
13a
 
b
An outside facility ........................
13b
 
14
Provide the name and address of the person who prepares the organization's gaming/special events books and records:
Name right arrow
Address right arrow
15a
Does the organization have a contract with a third party from whom the organization receives gaming
revenue? ......................................
b
If "Yes," enter the amount of gaming revenue received by the organization right arrow $   and the
amount of gaming revenue retained by the third party right arrow $   .
c
If "Yes," enter name and address:
Name right arrow
Address right arrow
 
 
16
Gaming manager information:
Name right arrow
Gaming manager compensation right arrow $  
Description of services provided right arrow
 
17
Mandatory distributions:
a
Is the organization required under state law to make charitable distributions from the gaming proceeds to
retain the state gaming license? ............................
b
Enter the amount of distributions required under state law distributed to other exempt organizations or spent
in the organization's own exempt activities during the tax year right arrow$  
Part IV
Complete this part to provide additional information for responses to quuestion on Schedule G (see instructions.)
Identifier ReturnReference Explanation
Schedule G (Form 990 or 990-EZ) 2011
Additional Data


Software ID:  
Software Version:  
Schedule I
(Form 990)
Department of the Treasury
Internal Revenue Service
Grants and Other Assistance to Organizations,
Governments and Individuals in the United States
Complete if the organization answered "Yes," to Form 990, Part IV, line 21 or 22.
lBullet Attach to Form 990
OMB No. 1545-0047
2011
Open to Public
Inspection
Name of the organization
Mount Sinai School of Medicine
 
Employer identification number
13-6171197
Part I
General Information on Grants and Assistance
1
Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ....................................
2
Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.
Part II
Grants and Other Assistance to Governments and Organizations in the United States. Complete if the organization answered "Yes" to
Form 990, Part IV, line 21 for any recipient that received more than $5,000. Check this box if no one recipient received more than $5,000. Use
Part IV and Schedule I-1 (Form 990) if additional space is needed ......................... lBullet
(a) Name and address of organization
or government		 (b) EIN (c) IRC Code section
if applicable		 (d) Amount of cash grant (e) Amount of non-cash
assistance		 (f) Method of valuation
(book, FMV, appraisal,
other)		 (g) Description of
non-cash assistance		 (h) Purpose of grant
or assistance






















2
Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image
 
3
Enter total number of other organizations listed in the line 1 table ......................... . Bullet Image
 
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) 2011

Schedule I (Form 990) 2011
Page 2
Part III
Grants and Other Assistance to Individuals in the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 22.
Use Schedule I-1 (Form 990) if additional space is needed.
(a)Type of grant or assistance (b)Number of
recipients		 (c)Amount of
cash grant		 (d)Amount of
non-cash assistance		 (e)Method of valuation (book,
FMV, appraisal, other)		 (f)Description of non-cash assistance
(1) Scholarships 233 3,292,010   N/A N/A













Part IV
Supplemental Information. Complete this part to provide the information required in Part I, line 2, and any other additional information.
Identifier Return Reference Explanation
Part I, Line 2   MOUNT SINAI SCHOOL OF MEDICINE AWARDS SCHOLARSHIPS AS EITHER NEED-BASED OR MERIT-BASED AWARDS. TO AWARD OR ADMINISTER NEED-BASED SCHOLARSHIPS, THE DIRECTOR OF FINANCIAL AID FOLLOWS FEDERAL GUIDELINES STARTING WITH THE EVALUATION OF EACH STUDENT FOR "NEED" BASED ON FAFSA & NEED-ACCESS REPORTS. MERIT-BASED SCHOLARSHIPS ARE AWARDED BY COMMITTEES ESTABLISHED BY THE DEAN OF THE SCHOOL. ONCE AWARDEES ARE CHOSEN, THE SCHOLARSHIPS ARE AWARDED THROUGH THE DIRECTOR OF FINANCIAL AID. ELIGIBILITY FOR EACH ACADEMIC YEAR (SATISFACTORY ACADEMIC PROGRESS AND CURRENT ENROLLMENT) IS VERIFIED BY THE DIRECTOR PRIOR TO INITIAL DISBURSEMENT OF ANNUAL SCHOLARSHIPS AND ELIGIBILITY IS VERIFIED AGAIN FOR THE JANUARY TERM BEFORE SECOND TERM DISBURSEMENTS ARE MADE.
Schedule I (Form 990) 2011


Additional Data


Software ID:  
Software Version:  


Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet Complete if the organization answered "Yes" to Form 990,
Part IV, question 23.
SchJMediumBullet Attach to Form 990. SchJMediumBullet See separate instructions.
OMB No. 1545-0047
2011
Open to Public Inspection
Name of the organization
Mount Sinai School of Medicine
 
Employer identification number

13-6171197
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed in Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all the expenses described above? If "No," complete Part III to explain....
1b
Yes
 
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
officers, directors, trustees, and the CEO/Executive Director, regarding the items checked in line 1a? ....
2
 
No
3
Indicate which, if any, of the following the organization uses to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
4
During the year, did any person listed in Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? ...............
4a
 
No
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? ........
4b
 
No
c
Participate in, or receive payment from, an equity-based compensation arrangement? ........
4c
 
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3) and 501(c)(4) organizations only must complete lines 5-9.
5
For persons listed in form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ...........................
5a
 
No
b
Any related organization? .........................
5b
 
No
If "Yes," to line 5a or 5b, describe in Part III.
6
For persons listed in form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization? ...........................
6a
 
No
b
Any related organization? .........................
6b
 
No
If "Yes," to line 6a or 6b, describe in Part III.
7
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............
7
 
No
8
Were any amounts reported in Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III .............................
8
 
No
9
If "Yes" to line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
 
 
For Privacy Act and Paperwork Reduction Act Notice, see the Intructions for Form 990
Cat. No. 50053T
Schedule J (Form 990) 2011

Schedule J (Form 990) 2011
Page 2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported in Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.

Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and column (E) for that individual.
(A) Name (B) Breakdown of W-2 and/or 1099-MISC compensation (C) Retirement and other deferred compensation (D) Nontaxable
benefits		 (E) Total of columns
(B)(i)-(D) 		(F) Compensation
reported as deferred
in prior Form 990
(i) Base compensation (ii) Bonus & incentive compensation (iii) Other reportable compensation
(1) Kenneth L Davis MD (i)
(ii)		 522,500
522,500 		630,175
630,175 		125,347
125,347 		12,250
12,250 		14,885
14,885 		1,305,157
1,305,157 		0
0
(2) Dennis charney md 3 (i)
(ii)		 600,000
0 		280,078
0 		320,091
0 		24,500
0 		15,315
0 		1,239,984
0 		0
0
(3) michael macdonald esq (i)
(ii)		 290,500
290,500 		45,000
45,000 		118,665
118,665 		9,800
9,800 		18,612
18,612 		482,577
482,577 		0
0
(4) deborah Marin md 5 (i)
(ii)		 97,500
227,500 		0
0 		64,803
28,353 		7,350
17,150 		3,277
7,645 		172,930
280,648 		0
0
(5) donald t scanlon (i)
(ii)		 306,000
306,000 		303,417
303,417 		36,933
36,933 		12,250
12,250 		12,568
12,568 		671,168
671,168 		0
0
(6) jeffrey silberstein (i)
(ii)		 312,000
312,000 		128,369
128,369 		38,556
38,556 		12,250
12,250 		8,385
8,385 		499,560
499,560 		0
0
(7) stephen harvey (i)
(ii)		 456,000
0 		163,379
0 		51,460
0 		24,500
0 		43,926
0 		739,265
0 		0
0
(8) mark kostegan fahp (i)
(ii)		 350,000
150,000 		147,013
63,006 		82,213
35,234 		17,150
7,350 		12,544
5,376 		608,920
260,966 		0
0
(9) jane maksoud (i)
(ii)		 244,330
216,670 		86,591
76,788 		31,376
27,824 		12,985
11,515 		16,456
14,594 		391,738
347,391 		0
0
(10) elana abraham 14 (i)
(ii)		 0
226,841 		0
0 		0
1,599 		0
19,499 		0
29,264 		0
277,203 		0
0
(11) jessica moise (i)
(ii)		 157,170
0 		9,445
0 		5,693
0 		15,717
0 		17,022
0 		205,047
0 		0
0
(12) john morrison phd23 (i)
(ii)		 212,097
0 		50,000
0 		182,328
0 		21,210
0 		24,082
0 		489,717
0 		0
0
(13) jasmin moshirpur md (i)
(ii)		 320,197
0 		0
0 		251,670
0 		24,500
0 		36,467
0 		632,834
0 		0
0
(14) david muller md 2 (i)
(ii)		 212,097
0 		100,000
0 		140,694
0 		21,210
0 		21,590
0 		495,591
0 		0
0
(15) barry stimmel md 5 (i)
(ii)		 163,871
30,750 		0
0 		36,039
5,021 		16,387
3,075 		27,116
5,088 		243,413
43,934 		0
0
(16) hugh sampson md 2 (i)
(ii)		 199,983
0 		75,000
0 		195,926
0 		19,998
0 		18,139
0 		509,046
0 		0
0
(17) maureen milici 5 (i)
(ii)		 235,573
0 		42,000
0 		31,901
0 		23,557
0 		24,090
0 		357,121
0 		0
0
(18) lynn kasner-morgan (i)
(ii)		 217,436
0 		0
0 		6,242
0 		23,000
0 		25,176
0 		271,854
0 		0
0
(19) phyllis schnepf (i)
(ii)		 248,852
0 		75,000
0 		23,815
0 		24,500
0 		17,093
0 		389,260
0 		0
0
(20) Douglas Jabs MD MBA (i)
(ii)		 212,097
0 		159,135
0 		510,917
0 		21,210
0 		22,306
0 		925,665
0 		0
0
(21) David B Samadi MD 6 (i)
(ii)		 168,537
0 		0
0 		5,634,229
0 		16,854
0 		23,841
0 		5,843,461
0 		0
0
(22) Samin Sharma MD 6 (i)
(ii)		 205,532
0 		350,000
0 		3,431,367
0 		20,553
0 		30,969
0 		4,038,421
0 		0
0
(23) Andrew Hecht MD 6 (i)
(ii)		 159,562
0 		0
0 		5,701,342
0 		15,956
0 		21,194
0 		5,898,054
0 		0
0
(24) frank cino (i)
(ii)		 94,367
153,966 		35,477
57,882 		1,021
1,667 		7,448
12,152 		9,734
15,883 		148,047
241,550 		0
0
(25) jack nelson (i)
(ii)		 43,333
290,000 		5,200
34,800 		24,219
162,078 		722
4,833 		2,042
13,668 		75,516
505,379 		0
0
(26) jane whitney (i)
(ii)		 116,000
125,667 		40,586
43,968 		3,109
3,368 		9,280
10,054 		8,736
9,464 		177,711
192,521 		0
0
(27) mark babyatsky md (i)
(ii)		 211,516
0 		100,000
0 		412,489
0 		21,151
0 		24,423
0 		769,579
0 		0
0
(28) robert desnick md 2 (i)
(ii)		 212,097
0 		 
0 		150,909
0 		21,210
0 		33,335
0 		417,551
0 		0
0
(29) margaret pastuszko (i)
(ii)		 195,500
195,500 		99,099
99,099 		6,710
6,710 		9,800
9,800 		13,944
13,944 		325,053
325,053 		0
0
(30) philip landrigan md 2 (i)
(ii)		 212,097
0 		50,000
0 		200,563
0 		21,210
0 		27,490
0 		511,360
0 		0
0
(31) CONNIE C KLEPPER (i)
(ii)		 173,417
173,417 		121,367
121,367 		15,842
15,842 		9,800
9,800 		4,528
4,528 		324,954
324,954 		0
0
(32) KUMAR CHATANI (i)
(ii)		 11,100
74,285 		20,031
134,052 		3,258
21,802 		0
0 		319
2,131 		34,708
232,270 		0
0
(33) SHEERAZ QURESHI MD 6 (i)
(ii)		 139,617
0 		0
0 		3,487,071
0 		13,962
0 		22,080
0 		3,662,730
0 		0
0
(34) ARTHUR JENKINS III 6 (i)
(ii)		 169,147
0 		0
0 		2,866,817
0 		16,914
0 		24,372
0 		3,077,250
0 		0
0
Schedule J (Form 990) 2011

Schedule J (Form 990) 2011
Page 3
Part III
Supplemental Information
Complete this part to provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4c, 5a, 5b, 6a, 6b, 7, and 8. Also complete this part for any additional information.
Identifier Return Reference Explanation
Part VII, Section A & Schedule J Compensation Footnotes Officers of the Boards of Trustees hours reflect service to either/or, or all, The Mount Sinai Hospital, Mount Sinai School of Medicine, The Mount Sinai Medical Center, Inc. and all related entities. (1) Compensation and benefits are funded from the Mount Sinai Hospital. (2) Compensation, benefits, and hours reflect total amounts for services performed for this position and all other responsibilites. (3) Employee has an outstanding loan reflected in Schedule L, Part II of Mount Sinai School of Medicine's Form 990. (4) A portion of this compensation and benefits is attributable to her services provided to Mount Sinai School of Medicine and The Mount Sinai Medical Center, Inc. (5) Compensation is attributed to current services as a non-officer. (6) IN DETERMINING THE FIVE HIGHEST PAID EMPLOYEES OF MOUNT SINAI SCHOOL OF MEDICINE, ROYALTY PAYMENTS RECEIVED BY EMPLOYEES OF MOUNT SINAI SCHOOL OF MEDICINE IN CONNECTION WITH INVENTIONS HAVE NOT BEEN TAKEN INTO ACCOUNT.
Schedule J, Part I, Line 1A Housing Allowance Dr. Kenneth Davis receives a taxable housing allowance from the Mount Sinai Hospital and Mount Sinai School of Medicine as it is expected that he live in close proximity to the institution given his role as the Chief Executive.
Schedule J (Form 990) 2011

Additional Data


Software ID:  
Software Version:  
Schedule K
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Information on Tax Exempt Bonds
SchKMediumBullet Complete if the organization answered "Yes" to Form 990, Part IV, line 24a. Provide descriptions,
explanations, and any additional information in Part VI.
SchKMediumBullet Attach to Form 990. SchKMediumBullet See separate instructions.
OMB No. 1545-0047
2011
Open to Public
Inspection
Name of the organization
Mount Sinai School of Medicine
 
Employer identification number
13-6171197
Part I
Bond Issues
(a) Issuer Name (b) Issuer EIN (c) CUSIP # (d) Date Issued (e) Issue Price (f) Description of Purpose (g) Defeased (h) On
Behalf of
Issuer 		(i) Pool
financing
Yes No Yes No Yes No
A DORMITORY AUTHORITY OF THE STATE OF NEW YORK
  		14-6000923 6499055E2 11-16-2010 103,555,357 REFUND 3/2/1994 BONDS   X   X   X
B DORMITORY AUTHORITY OF THE STATE OF NEW YORK
  		14-6000923 649905RVC 11-05-2009 365,504,331 CONSTRUCTION OF NEW BUILDING   X   X   X
C DORMITORY AUTHORITY OF THE STATE OF NEW YORK
  		14-6000923 649903VG3 09-27-2007 125,878,626 CONSTRUCTION, REFUND 6/7/00 BONDS   X   X   X
D DORMITORY AUTHORITY OF THE STATE OF NEW YORK
  		14-6000923 64983UVZ0 09-24-2003 67,374,538 REFUND 8/15/91 BONDS   X   X   X
Part II
Proceeds
A B C D
1 Amount of bonds retired . . . . . . . . . . . . . 3,695,000 0 2,935,000 34,310,000
2 Amount of bonds legally defeased . . . . . . . . . . 0 0 0 0
3 Total proceeds of issue . . . . . . . . . . . . . 103,566,177 368,625,586 127,314,815 67,381,558
4 Gross proceeds in reserve funds . . . . . . . . 0 29,706,422 9,203,768 6,750,254
5 Capitalized interest from proceeds . . . . . . . . . . 0 31,402,408 2,625,921 0
6 Proceeds in refunding escrows . . . . . . . . . . . 0 0 0 0
7 Issuance costs from proceeds . . . . . . . . . . . 1,386,469 4,266,417 1,393,905 974,546
8 Credit enhancement from proceeds . . . . . . . . . . 0 0 1,553,000 2,171,000
9 Working capital expenditures from proceeds . . . . . . . 0 0 0 0
10 Capital expenditures from proceeds . . . . . . . . . . 0 255,487,460 97,231,348 0
11 Other spent proceeds . . . . . . . . . . . 102,036,723 2,976,321 15,107,187 57,451,020
12 Other unspent proceeds . . . . . . . . . . . 132,165 44,825,305 210,404 43,613
13 Year of substantial completion . . . . . . . . . . . 2010 2012 2010 2003
Yes No Yes No Yes No Yes No
14 Were the bonds issued as part of a current refunding issue? . . . . X     X X   X  
15 Were the bonds issued as part of an advance refunding issue? . . . .   X   X   X   X
16 Has the final allocation of proceeds been made? . . . . . . X     X X   X  
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? . . . . . . . . . . . . . X   X   X   X  
Part III
Private Business Use
A B C D
Yes No Yes No Yes No Yes No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? . . . . . . .   X   X   X    
2 Are there any lease arrangements that may result in private business use of bond-financed property? . . . . . . . . .   X   X   X    
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50193E
Schedule K (Form 990) 2011
Schedule K (Form 990) 2011
Page 2
Part III
Private Business Use (Continued)
A B C D
Yes No Yes No Yes No Yes No
3a Are there any management or service contracts that may result in private business use of bond-financed property? . . . . . . . . .   X   X X      
b If ‘Yes’ to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property? . . . . .   X   X X      
c Are there any research agreements that may result in private business use of bond-financed property? . . . . . . . X   X   X      
d If ‘Yes’ to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property? . X   X   X      
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government . . SchKMediumBullet 0% 0% 0% 0%
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government . . . . . . . SchKMediumBullet   %   %   %   %
6 Total of lines 4 and 5 . . .. . . . . . . . . 0%   % 0%   %
7 Does the bond issue meet the private security or payment test? . . . X   X   X      
8 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under
Regulations sections 1.141-12 and 1.145-2?
X   X   X      
Part IV
Arbitrage
A B C D
Yes No Yes No Yes No Yes No
1 Has a Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate, been filed with respect to the bond issue? . . .   X   X   X   X
2 Is the bond issue a variable rate issue?   X   X   X   X
3a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?   X   X   X   X
b Name of provider . . . . . . . . 0
  		0
  		0
  		 
 
c Term of hedge . . . . . . . .        
d Was the hedge superintegrated? . . . .                
e Was a hedge terminated? . . . . .                
4a Were gross proceeds invested in a guaranteed investment contract (GIC)? . . . . . .   X   X   X   X
b Name of provider . . . . . . 0
  		0
  		0
  		0
 
c Term of GIC . . . . . . .        
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? . . . . . .                
5 Were any gross proceeds invested beyond an available temporary period? . . . . . . X     X X   X  
6 Did the bond issue qualify for an exception to rebate? .   X   X   X   X
7 Has the organization established written procedures to monitor the requirements of section 148? . . .   X   X   X   X
Schedule K (Form 990) 2011

Schedule K (Form 990) 2011
Page 3
Part V
Procedures To Undertake Corrective Action
Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations? . . . . . . . . . . . . . .
Part VI
Supplemental Information
Complete this part to provide additional information for responses to questions on Schedule K (see instructions).
Identifier Return Reference Explanation
SEE SCHEDULE O 0  
Schedule K (Form 990) 2011

Additional Data


Software ID:  
Software Version:  

Schedule L
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Transactions with Interested Persons
MediumBullet Complete if the organization answered
"Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c,
or Form 990-EZ, Part V lines 38a or 40b.
MediumBullet Attach to Form 990 or Form 990-EZ. MediumBulletSee separate instructions.
OMB No. 1545-0047
2011
Open to Public Inspection
Name of the organization
Mount Sinai School of Medicine
 
Employer identification number

13-6171197
Part I
Excess Benefit Transactions (section 501(c)(3) and section 501 (c)(4) organizations only).
Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.
1(a) Name of disqualified person (b) Description of transaction (c) Corrected?
Yes No





2
Enter the amount of tax imposed on the organization managers or disqualified persons during the year under section 4958. ......................... Bullet Image$
 
3
Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ....... Bullet Image$
 

Part II
Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 26, or Form 990-EZ, Part V, line 38a.
(a) Name of interested person and purpose (b) Loan to or from the organization? (c)Original principal amount (d)Balance due (e) In default? (f) Approved by board or committee? (g)Written agreement?
To From Yes No Yes No Yes No
(1) DAVID ADAMS
mortgage 		  X 1,000,000 1,000,000   No Yes   Yes  
(2) BURT DRAYER
mortgage 		  X 700,000 700,000   No Yes   Yes  
(3) THOMAS AHN
mortgage 		  X 137,500     No Yes   Yes  
(4) DARYL WILKERSON
mortgage 		  X 70,000 53,514   No Yes   Yes  
Total ...............Small Bullet $ 1,753,514
Part III
Grants or Assistance Benefitting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.
(a) Name of interested person (b)Relationship between interested person and the organization (c)Amount of grant or type of assistance
For Privacy Act and Paperwork Reduction Act Notice, see the
Instructions for Form 990 or 990-EZ.
Cat. No. 50056A
Schedule L (Form 990 or 990-EZ) 2011
Schedule L (Form 990 or 990-EZ) 2011
Page 2
Part IV
Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of transaction (d) Description of transaction (e) Sharing of organization's revenues?
Yes No
(1) HESS CORPORATION JOHN HESS, TRUSTEE 15,522,255 SEE PART V   No
(2) XO COMMUNICATIONS CARL ICAHN, TRUSTEE 796,435 SEE PART V   No
(3) ASAF RABINOVITZ JOSEPH SHENKER, TRUSTEE 30,804 SEE PART V   No
(4) DR IRWIN GRIBETZ JUDAH GRIBETZ, TRUSTEE 72,459 SEE PART V   No
(5) DR ELISSA GRETZ FRIEDMAN ROBERT FRIEDMAN, TRUSTEE 71,943 SEE PART V   No
(6) DR CAROLYN SICHER SUSAN CULLMAN/EDGAR, TRST 82,311 SEE PART V   No
(7) KIMBERLY HARRISON CLIFFORD GOLDSMITH, TRUST 105,307 SEE PART V   No
(8) US FOODSERVICE DONALD GOGEL, TRUSTEE 130,435 SEE PART V   No
(9) OCH ZIFF CAPITAL MANAGEMENT DAVID WINDREICH, TRUSTEE 1,057,095 SEE PART V   No
(10) KAREN KOSTEGAN MARK KOSTEGAN,OFFICER 63,300 SEE PART V   No
(11) ETHYLIM WANE JABS DOUGLAS JABS, officer 212,576 SEE PART V   No
(12) FRANCESCO RAMIREZ MARGARET PASTUSZKO,OFFICE 254,802 SEE PART V   No
(13) BRIAN SCANLON DONALD SCNALON, OFFICER 51,772 SEE PART V   No
(14) GARY B DAVIS DR. KENNETH DAVIS,OFFICER 29,218 SEE PART V   No
Part V
Supplemental Information
Complete this part to provide additional information for responses to questions on Schedule L (see instructions).
Identifier Return Reference Explanation
SCHEDULE L, PART IV, COLUMN D BUSINESS TRANSACTIONS INVOLVING INTERESTED PARTIES NAME OF INTERESTED PERSON: US FOODSERVICE MOUNT SINAI PURCHASES A PORTION OF ITS FOOD FROM US FOODSERVICE. ALL SUCH PURCHASES ARE MADE UNDER A GROUP PURCHASING ORGANIZATION (GPO) ARRANGEMENT THAT HAS BEEN NEGOTIATED WITH US FOODSERVICE. THESE GPO PRICES ARE AVAILABLE TO MOUNT SINAI AND ALL OTHER MEMBERS OF THE LOCAL HEALTHCARE ASSOCIATION. MR. GOGEL IS THE CEO OF A FIRM THAT IS INDIRECTLY A GREATER-THAN-35% OWNER OF US FOODSERVICE. NAME OF INTERESTED PERSON: HESS CORPORATION FOLLOWING AN OBJECTIVE, COMPETITIVE MULTI-PARTY BIDDING PROCESS, THE ORGANIZATION PURCHASED NATURAL GAS AND FUEL OIL FROM HESS CORPORATION. MR. HESS IS CHAIRMAN OF THE BOARD AND CHIEF EXECUTIVE OFFICER OF, AND HAS A FINANCIAL INTEREST IN, HESS CORPORATION. NAME OF INTERESTED PERSON: XO COMMUNICATION FOLLOWING AN EXTENSIVE RFP AND A MULTI-PARTY COMPETITIVE BIDDING PROCESS, AS WELL AS A REVIEW BY A SPECIAL BOARD COMMITTEE (WHICH DID NOT INCLUDE MR. ICAHN) OF THE ENGAGEMENT PROCESS, THE ORGANIZATION PURCHASED COMMUNICATIONS SERVICES FROM XO COMMUNICATIONS. MR. ICAHN IS A GREATER-THAN-35% OWNER OF XO COMMUNICATIONS. NAME OF INTERESTED PERSON: OCH ZIFF CAPITAL MANAGEMENT MR. WINDREICH IS A DIRECTOR OF OCH ZIFF CAPITAL MANAGEMENT ("OCH ZIFF"), WHICH MANAGES INVESTMENT CAPITAL FOR THE ORGANIZATION. MR. WINDREICH HAS NO INVOLVEMENT IN THE ORGANIZATION'S INVESTMENT DECISIONS OR ITS INVOLVEMENT WITH OCH ZIFF. THE FEES CHARGED BY OCH ZIFF TO THE ORGANIZATION ARE IN LINE WITH INDUSTRY STANDARDS AND ARE THE SAME AS THE FEES CHARGED TO OTHER INVESTORS IN THE SAME FUND. NAME OF INTERESTED PERSON: Dr. CAROLYN SICHER TRUSTEE SUSAN CULLMAN'S DAUGHTER (WHO IS ALSO TRUSTEE EDGAR CULLMAN, SR.'S GRANDDAUGHTER) IS EMPLOYED BY MOUNT SINAI SCHOOL OF MEDICINE. NEITHER MS. CULLMAN NOR MR. CULLMAN HAS ANY INVOLVEMENT IN DECISIONS RELATED TO HER EMPLOYMENT. NAME OF INTERESTED PERSON: Dr. ELISSA GRETZ FRIEDMAN TRUSTEE ROBERT FRIEDMAN'S WIFE IS EMPLOYED BY MOUNT SINAI SCHOOL OF MEDICINE. MR. FRIEDMAN HAS NO INVOLVEMENT IN DECISIONS RELATED TO HIS WIFE'S EMPLOYMENT. NAME OF INTERESTED PERSON: KIMBERLY HARRISON TRUSTEE CLIFFORD GOLDSMITH'S GRANDDAUGHTER IS EMPLOYED BY MOUNT SINAI SCHOOL OF MEDICINE. MR. GOLDSMITH HAS NO INVOLVEMENT IN DECISIONS RELATED TO HIS GRANDDAUGHTER'S EMPLOYMENT. NAME OF INTERESTED PERSON: Dr. IRWIN GRIBETZ TRUSTEE JUDAH GRIBETZ'S BROTHER IS EMPLOYED BY MOUNT SINAI SCHOOL OF MEDICINE. MR. GRIBETZ HAS NO INVOLVEMENT IN DECISIONS RELATED TO HIS BROTHER'S EMPLOYMENT. NAME OF INTERESTED PERSON: KAREN KOSTEGAN OFFICER MARK KOSTEGAN'S SPOUSE IS AN EMPLOYEE OF THE SCHOOL OF MEDICINE. MR. KOSTEGAN HAS NO INVOLVEMENT IN DECISIONS RELATED TO HIS WIFE'S EMPLOYMENT. NAME OF INTERESTED PERSON: BRIAN SCANLON OFFICER DONALD SCANLON'S SON IS AN EMPLOYEE OF THE HOSPITAL. MR. SCANLON HAS NO INVOLVEMENT IN DECISIONS RELATED TO HIS SON'S EMPLOYMENT. NAME OF INTERESTED PERSON: ETHYLIN WANE JABS officer DOUGLAS JABS' SPOUSE IS AN EMPLOYEE OF THE SCHOOL OF MEDICINE. MR. JABS HAS NO INVOLVEMENT IN DECISIONS RELATED TO HIS WIFE'S EMPLOYMENT. NAME OF INTERESTED PERSON: FRANCESCO RAMIREZ OFFICER MARGARET PASTUSZKO'S SPOUSE IS AN EMPLOYEE OF THE SCHOOL OF MEDICINE. MRS. PASTUSZKO HAS NO INVOLVEMENT IN DECISIONS RELATED TO HER HUSBAND'S EMPLOYMENT. NAME OF INTERESTED PERSON: ASAF RABINOVITZ TRUSTEE JOSEPH SHENKER'S SON-IN-LAW IS EMPLOYED BY MOUNT SINAI SCHOOL OF MEDICINE. MR. SHENKER HAS NO INVOLVEMENT IN DECISIONS RELATED TO HIS SON-IN-LAW'S EMPLOYMENT. NAME OF INTERESTED PERSON: Gary B. Davis Officer Dr. Kenneth Davis's brother is an employee of the Hospital. Dr. Davis has no involvement in decisions related to his brother's employment. *ALL REPORTED AMOUNTS REFLECT AGGREGATE 2011 SPENDING FOR THE MOUNT SINAI HOSPITAL, MOUNT SINAI SCHOOL OF MEDICINE OF NEW YORK UNIVERSITY, AND ALL RELATED ENTITIES AND ORGANIZATIONS.
Schedule L (Form 990 or 990-EZ) 2011

Additional Data


Software ID:  
Software Version:  




SCHEDULE M
(Form 990)

Department of the Treasury
Internal Revenue Service
NonCash Contributions
Right pointing arrow large imageComplete if the organization answered "Yes" on Form 990, Part IV, lines 29 or 30.
Right pointing arrow large image Attach to Form 990.
OMB No. 1545-0047
2011
Open to Public Inspection
Name of the organization
Mount Sinai School of Medicine
 
Employer identification number

13-6171197
Part I
Types of Property
(a)
Check if applicable 		(b)
Number of Contributions or items contributed 		(c)
Noncash contribution amounts reported on
Form 990, Part VIII, line 1g 		(d)
Method of determining
noncash contribution amounts
1 Art—Works of art .... X 12 10,000 RESALE VALUE
2 Art—Historical treasures .        
3 Art—Fractional interests ..        
4 Books and publications ..      
5 Clothing and household
goods ....... 		X 28,157 RESALE VALUE
6 Cars and other vehicles ..        
7 Boats and planes ....        
8 Intellectual property ...        
9 Securities—Publicly traded . X 48 3,837,102 RESALE VALUE
10 Securities—Closely held stock .        
11 Securities—Partnership, LLC,
or trust interests .... 		       
12 Securities—Miscellaneous ..        
13 Qualified conservation
contribution—Historic
structures ..... 		       
14 Qualified conservation
contribution—Other ... 		       
15 Real estate—Residential .        
16 Real estate—Commercial ..        
17 Real estate—Other ...        
18 Collectibles .....        
19 Food inventory ... X 12 8,892 RESALE VALUE
20 Drugs and medical supplies .        
21 Taxidermy ......        
22 Historical artifacts ....        
23 Scientific specimens ..        
24 Archeological artifacts ...        
25 Other Right pointing arrow large image ( BABY ACCESSORIES ) X 3 1,620 RESALE VALUE
26 Other Right pointing arrow large image ( BLOOMINGDALE'S BASKET ) X 1 500 resale value
27 Other Right pointing arrow large image ( BOAT CRUISE ) X 2 2,250 resale value
28 Other Right pointing arrow large image ( COSMETICS ) X 1 200 resale value
Other Right pointing arrow large image ( CUSHION ) X 1 400 resale value
Other Right pointing arrow large image ( ENTERTAINMENT ) X 24 27,771 resale value
Other Right pointing arrow large image ( GIFT CERTIFICATE ) X 8 2,685 resale value
Other Right pointing arrow large image ( HEALTH ) X 3 710 resale value
Other Right pointing arrow large image ( JEWELRY ) X 4 4,070 resale value
Other Right pointing arrow large image ( MEMORABILIA ) X 3 1,800 resale value
Other Right pointing arrow large image ( PHOTOGRAPHY ) X 19 17,350 resale value
Other Right pointing arrow large image ( TOUR ) X 4 700 RESALE VALUE
Other Right pointing arrow large image ( TOYS ) X 1 600 RESALE VALUE
Other Right pointing arrow large image ( VACATION ) X 12 37,348 RESALE VALUE
Other Right pointing arrow large image ( WHEELCHAIR ) X 1 975 RESALE VALUE
29
Number of Forms 8283 received by the organization during the tax year for contributions
for which the organization completed Form 8283, Part IV, Donee Acknowledgement ...
29
 
Yes
No
30a
During the year, did the organization receive by contribution any property reported in Part I, lines 1-28 that it
must hold for at least three years from the date of the initial contribution, and which is not required to be used
for exempt purposes for the entire holding period? ..................
30a
 
No
b
If "Yes," describe the arrangement in Part II.
31
Does the organization have a gift acceptance policy that requires the review of any non-standard contributions?
31
Yes
 
32a
Does the organization hire or use third parties or related organizations to solicit, process, or sell noncash
contributions? ............................
32a
Yes
 
b
If "Yes," describe in Part II.
33
If the organization did not report revenues in column (c) for a type of property for which column (a) is checked,
describe in Part II.
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 51227J
Schedule M (Form 990) 2011
Schedule M (Form 990) 2011
Page 2
Part II
Supplemental Information. Complete this part to provide the information required by Part I, lines 30b,
32b, and 33 and whether the organization is reporting in Part I, column (b) the number of contributions, the number of items received, or a combination of both. Also complete this part for any additional information.
Identifier Return Reference Explanation
SCHEDULE M, PART I, LINE 9   25,000 SHARES OF ESTEE LAUDER (EL) VALUED AT $2,831,500. 8,400 SHARES OF LEUCADIA CORP. (LUK) VALUED AT $198,324. 3,000 SHARES OF CENTURYLINK (CTL) VALUED AT $108,570. 632 SHARES OF PRECISION CASTPARTS (PCP) VALUED AT $100,488. 1,250 SHARES OF ROWAN COMPANIES, INC. (RDC) VALUED AT $50,700. 310 SHARES OF PRECISION CASTPARTS (PCP) VALUED AT $50,514.50 293 SHARES OF PRECISION CASTPARTS CORP COM NPV (PCP) VALUED AT $50,460.46 327 SHARES OF PRECISION CASTPARTS (PCP) VALUED AT $50,279.52 700 SHARES OF VALEANT PHARMACEUTICALS (VRX) VALUED AT $29,211. 1,040 SHARES OF AEROPOSTALE (ARO) VALUED AT $27,081.60 1,400 SHARES OF GENERAL ELECTRIC COMPANY (GE) VALUED AT $26,166. 295 SHARES OF VANGUARD SMALL CAP GROWTH (VBK) VALUED AT $25,673.85 155 SHARES OF PRECISON CASTPARTS (PCP) VALUED AT $25,495.95 160 SHARES OF PRECISON CASTPARTS (PCP) VALUED AT $25,316.80 124 SHARES OF PRECISION CASTPARTS (PCP) VALUED AT $20,396.76 92 SHARES OF PRESICION CASTPARTS (PCP) VALUED AT $15,171.72 341 SHARES OF MSCI ASIA PACIFIC EX-JAPAN (EPP) VALUED AT $14,983.54 80 SHARES OF INTERNATIONAL BUS MACH CORP (IBM) VALUED AT $14,677.60 200 SHARES OF CABOT OIL & GAS (COG) VALUED AT $14,626. 126 SHARES OF MCDONALD'S (MCD) VALUED AT $12,326.58 160 SHARES OF PHILIP MORRIS (PM) VALUED AT $12,208. 179 SHARES OF COCA COLA (KO) VALUED AT $12,091.45 119 SHARES OF CHEVRON CORP (CVX) VALUED AT $11,949.98 420 SHARES OF ALTRIA GROUP (MO) VALUED AT $10,210.20 29 SHARES OF APPLE (AAPL) VALUED AT $10,203.07 185 SHARES OF VANGUARD DIVIDEND (VIG) VALUED AT $10,093.60 1,265 SHARES OF AGIC CONVERTIBLE & INCOME FUND II (NCZ) VALUED AT $9,968.20 830 SHARES OF SAPIENT CORP. (SAPE) VALUED AT $9,918.50 750 SHARES OF H & E EQUIPMENT SERVICES (HEES) VALUED AT $9,877.50 220 SHARES OF LEGGETT & PLATT INC. (LEG) VALUED AT $5,110.60 66 SHARES OF GENERAL DYNAMICS CORP (GD) VALUED AT $5,092.56 106 SHARES OF BARRICK GOLD CORP (ABX) VALUED AT $5,077.40 237 SHARES OF GENERAL ELECTRIC CO (GE) VALUED AT $5,057.58 26 SHARES OF IBM (IBM) VALUED AT $5,004.22 60 SHARES OF JOHNSON & JOHNSON (JNJ) VALUED AT $3,504. 73 SHARES OF GRIFFIN LAND AND NURSERIES (GRIF) VALUED AT $2,208.98 78 SHARES OF AT&T (T) VALUED AT $2,162.94 45 SHARES OF BP AMOCO (BP) VALUED AT $2,101.05 55 SHARES OF ONEX CORP SUB VTG (ONEX) VALUED AT $2,096.05 19 SHARES OF CHEVRON (CVX) VALUED AT $1,986.26 10 SHARES OF IBM (IBM) VALUED AT $1,812.70 27 SHARES OF PEPSICO (PEP) VALUED AT $1,796.85 2,213 SHARES OF JOHNSON AND JOHNSON (JNJ) VALUED AT $1,528.97 45 SHARES OF NORTHERN OIL & GAS (NOG) VALUED AT $1,060.2 30 SHARES OF WALGREEN CO (WAG) VALUED AT $1,026. 9 SHARES OF ESTEE LAUDER (EL) VALUED AT $957.60 5 SHARES OF PRAXAIR (PX) VALUED AT $524.75 25 SHARES OF PFIZER (PFE) VALUED AT $509.25
SCHEDULE M, PART I, LINE 32B   NON-CASH DONATIONS ARE RESOLD THROUGH OUTSIDE AUCTION HOUSES.
Schedule M (Form 990) 2011
Additional Data


Software ID:  
Software Version:  
SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
OMB No. 1545-0047
2011
Open to Public
Inspection
Name of the organization
Mount Sinai School of Medicine
 
Employer identification number

13-6171197
Identifier Return Reference Explanation
PART I, LINE 1 & PART III, LINE 1 ORGANIZATION MISSION STATEMENT MOUNT SINAI SCHOOL OF MEDICINE COMMITS TO THE ADVANCEMENT OF THE ART AND SCIENCE OF MEDICINE THROUGH CLINICAL EXCELLENCE. THIS CENTRAL MISSION CONSISTS OF QUALITY PATIENT CARE AND TEACHING CONDUCTED IN AN ATMOSPHERE OF SOCIAL CONCERN AND SCHOLARLY INQUIRY INTO THE NATURE, CAUSATION, PREVENTION AND TREATMENT OF HUMAN DISEASE. PART I, LINE 5 NUMBER OF EMPLOYEES ALL EMPLOYEES OF THE HOSPITAL AND MOUNT SINAI SCHOOL OF MEDICINE, INCLUDING THOSE WHO PROVIDE SERVICES AT ELMHURST HOSPITAL CENTER AND QUEENS HOSPITAL CENTER, UTILIZE A COMMON PAYMASTER UNDER THE HOSPITAL'S TAX IDENTIFICATION NUMBER. THE TOTAL NUMBER OF EMPLOYEES REPORTED UNDER THE HOSPITAL TAX IDENTIFICATION NUMBER IS 21,220. THE NUMBER OF DIRECT SCHOOL EMPLOYEES IS 9,044.
PART VI, SECTION A, LINE 2 FAMILY/BUSINESS RELATIONSHIPS TRUSTEES LEON BLACK AND JOSHUA HARRIS ARE MANAGING PARTNERS OF THE SAME FIRM. TRUSTEES JAMES CRYSTAL AND JEAN CRYSTAL ARE MARRIED TO EACH OTHER. TRUSTEES EDGAR CULLMAN, JR. AND SUSAN CULLMAN ARE SIBLINGS. TRUSTEE EDGAR CULLMAN, SR. (DECEASED) WAS THE FATHER OF TRUSTEES SUSAN CULLMAN AND EDGAR CULLMAN, JR. TRUSTEES EDGAR CULLMAN, SR. AND EDGAR CULLMAN, JR. BOTH HAD OWNERSHIP INTERESTS IN THE SAME FIRM. TRUSTEE BONNIE DAVIS, M.D. IS MARRIED TO KENNETH DAVIS, M.D., WHO IS PRESIDENT AND CHIEF EXECUTIVE OFFICER OF THE MOUNT SINAI MEDICAL CENTER. TRUSTEES SONIA GARDNER AND MARC LASRY ARE SIBLINGS AND ARE ALSO CO-OWNERS OF THE SAME FIRM. TRUSTEES MICHAEL GROSS AND VICKI GROSS ARE MARRIED TO EACH OTHER. TRUSTEE MARC LIPSCHULTZ IS A MEMBER OF A FIRM OF WHICH TRUSTEE HENRY KRAVIS IS CO-CEO. TRUSTEES JUDITH RUBIN AND HON. ROBERT RUBIN ARE MARRIED TO EACH OTHER. TRUSTEES PETER COHEN AND TOM STRAUSS ARE OFFICERS OF THE SAME FIRM.
PART VI, SECTION B, LINE 11B FORM 990 PROVIDED TO GOVERNING BODY THE FINANCE DEPARTMENT GATHERED THE RELEVANT INFORMATION AND PREPARED THE TAX RETURNS *OUR OUTSIDE AUDITORS, ERNST & YOUNG, PARTICIPATED IN THE PREPARATION OF, AND REVIEWED, ALL TAX RETURNS. *A QUESTIONNAIRE WAS CIRCULATED TO ALL TRUSTEES (I.E., DIRECTORS), OFFICERS AND KEY EMPLOYEES IN ORDER TO ELICIT THE INFORMATION REQUIRED TO BE REPORTED ON THE TAX RETURNS. *THE TRUSTEE CONFLICTS OF INTEREST REVIEW COMMITTEE REVIEWED THE RESPONSES PROVIDED BY TRUSTEES AND CERTAIN OFFICERS IN THE QUESTIONNAIRES AND ASSESSED ADDITIONAL PERTINENT FACTS GATHERED BY THE INSTITUTION IN ORDER TO EVALUATE THE APPLICABILITY OF IRS REPORTING REQUIREMENTS. THE REVIEW COMMITTEE THEN DETERMINED THE APPROPRIATE TRUSTEE (AND CERTAIN OFFICER) DISCLOSURES THAT SHOULD BE MADE ON FORM 990 BASED ON THE RECOMMENDATIONS OF THE FINANCE DEPARTMENT, THE GENERAL COUNSEL'S OFFICE AND THE COMPLIANCE DEPARTMENT. THESE RECOMMENDATIONS WERE REVIEWED AND APPROVED BY E&Y. THE SAME PROCESS WAS CONDUCTED BY THE FINANCE DEPARTMENT, THE GENERAL COUNSEL'S OFFICE, THE COMPLIANCE DEPARTMENT AND E&Y WITH RESPECT TO THE QUESTIONNAIRES SUBMITTED BY OTHER OFFICERS AND KEY EMPLOYEES *THE AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD OF TRUSTEES CONDUCTED A REVIEW OF THE ENTIRE TAX RETURN, WITH THE PARTICIPATION OF E&Y, THE FINANCE DEPARTMENT, AND THE GENERAL COUNSEL'S OFFICE. THE AUDIT COMMITTEE APPROVED THE TAX RETURNS AS PRESENTED. *THE AUDIT COMMITTEE'S REPORT OF ITS REVIEW OF THE TAX RETURNS AND ITS RECOMMENDATION TO FILE THE RETURNS WERE PRESENTED TO, AND ACCEPTED BY, THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES (THE "EXECUTIVE COMMITTEE"). *IN ADDITION TO AUTHORIZING THE FILING OF THE TAX RETURNS, THE EXECUTIVE COMMITTEE DIRECTED THAT THE RETURNS, WHICH WILL BE FILED ON OR BEFORE NOVEMBER 15, 2012, BE PROVIDED TO ALL TRUSTEES VIA THE TRUSTEES' CONFIDENTIAL WEBSITE, AND THOSE RETURNS WERE SO PROVIDED BEFORE BEING FILED.
PART VI, SECTION B, LINE 12C MONITORING & ENFORCING COMPLIANCE WITH THE POLICY COMPLIANCE WITH THE ORGANIZATION'S BUSINESS CONFLICTS OF INTEREST POLICY (THE "POLICY") IS REQUIRED OF TRUSTEES, EMPLOYEES, MEDICAL STAFF AND NON-EMPLOYEE MEMBERS OF INSTITUTIONAL COMMITTEES AND INCLUDES AN ONGOING DUTY TO DISCLOSE POTENTIAL CONFLICTS. COMPLIANCE WITH THE POLICY IS MONITORED AND ENFORCED REGULARLY AND CONSISTENTLY. ALL DISCLOSURES WITH THE POTENTIAL FOR CONFLICT ARE REVIEWED BY AN APPROPRIATE COMMITTEE WHERE THEY ARE CAREFULLY EVALUATED. WHEN APPROPRIATE, A PLAN, WHICH MAY INVOLVE MEASURES INCLUDING, BUT NOT LIMITED TO, RECUSAL FROM PARTICIPATING IN AFFECTED TRANSACTIONS, IS DEVELOPED TO MANAGE THE POTENTIAL CONFLICT.
PART VI, SECTION B, LINES 15A & 15B PROCESS FOR DETERMINATION OF COMPENSATION THE COMPENSATION, EMPLOYEE BENEFITS AND EMPLOYEE RELATIONS COMMITTEE OF THE BOARDS OF TRUSTEES (THE "COMPENSATION COMMITTEE") DETERMINES THE COMPENSATION FOR THE CEO AND REVIEWS AND MODIFIES OR APPROVES THE CEO'S RECOMMENDATIONS FOR COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES, INCLUDING PHYSICIAN LEADERS, WHO ARE OR MAY BE "DISQUALIFIED PERSONS" AS THAT TERM IS DEFINED IN IRC SECTION 4958. THE COMPENSATION COMMITTEES' OPERATING PROCEDURES ARE DESIGNED TO ENSURE THAT THE COMPENSATION OF ALL SUCH OFFICERS AND KEY EMPLOYEES IS REASONABLE (I.E. THE VALUE OF SERVICES IS THE AMOUNT THAT WOULD ORDINARILY BE PAID FOR LIKE SERVICES BY LIKE ENTERPRISES UNDER LIKE CIRCUMSTANCES), AND TO FOLLOW THE SPECIFIC STEPS OUTLINED IN THE IRC REGULATIONS FOR ESTABLISHING THE PRESUMPTION OF REASONABLENESS. THE COMPENSATION COMMITTEE CONSISTS EXCLUSIVELY OF INDEPENDENT TRUSTEES WITHOUT ANY CONFLICT OF INTEREST (AS DEFINED IN THE APPLICABLE IRC REGULATIONS) WITH REGARD TO THE COMPENSATION ARRANGEMENTS BEING REVIEWED OR APPROVED. THE COMPENSATION COMMITTEE SELECTS AND ENGAGES AN INDEPENDENT, QUALIFIED COMPENSATION CONSULTANT WHICH PERFORMS SUCH VALUATIONS ON A REGULAR BASIS TO PROVIDE APPROPRIATE COMPARABILITY DATA. COMPARABILITY DATA INCLUDES, BUT IS NOT LIMITED TO, COMPENSATION LEVELS PAID BY SIMILARLY SITUATED ORGANIZATIONS, BOTH TAXABLE AND TAX-EXEMPT, FOR FUNCTIONALLY COMPARABLE POSITIONS; THE AVAILABILITY OF SIMILAR SERVICES IN THE GEOGRAPHIC AREA; CURRENT COMPENSATION SURVEYS COMPILED BY INDEPENDENT FIRMS; AND ACTUAL WRITTEN OFFERS FROM SIMILAR INSTITUTIONS COMPETING FOR THE SERVICES OF THE DISQUALIFIED PERSON. THE COMPENSATION COMMITTEE REVIEWS AND EVALUATES THE COMPARABILITY DATA AND ANY ANALYSIS PROVIDED BY THE CONSULTANT AND DECIDES WHETHER TO RELY ON THE DATA PROVIDED. FOR THE CEO, THE COMMITTEE THEN DETERMINES AN APPROPRIATE LEVEL OF TOTAL COMPENSATION IN RELATION TO THE COMPARABILITY DATA. FOR THE OTHER EXECUTIVES AND KEY EMPLOYEES, THE COMMITTEE ALSO REVIEWS THE POSITION DESCRIPTION, THE CREDENTIALS OF THE INCUMBENT OR THE CANDIDATE FOR THE POSITION, AND THE CEO'S RECOMMENDATION, IN RELATION TO THE COMPARABILITY DATA, AND DECIDES WHETHER TO APPROVE THE RECOMMENDED COMPENSATION OR TO MODIFY IT. THE COMPENSATION COMMITTEE DISCUSSES AND VOTES ON THE COMPENSATION ARRANGEMENTS FOR THE EXECUTIVE STAFF IN EXECUTIVE SESSION (I.E. WITHOUT STAFF PRESENT). THE COMPENSATION COMMITTEE CONTEMPORANEOUSLY DOCUMENTS IN WRITTEN MINUTES ITS DECISIONS, THE PROCESS USED IN REACHING THE DECISIONS, THE COMPARABILITY DATA RELIED ON IN MAKING THE DECISIONS, AND THE COMPENSATION COMMITTEE'S RATIONALE FOR THE DECISIONS (WHEN ONE IS CALLED FOR).
PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC THE ORGANIZATION MAKES ITS BUSINESS CONFLICTS OF INTEREST POLICY AVAILABLE ON ITS WEBSITE (WWW.MOUNTSINAI.ORG) AND MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
PART VII, LINE 2 EMPLOYEES WHO RECEIVED MORE THAN $100,000 IN COMPENSATION DIRECT SCHOOL EMPLOYEES WHO RECEIVE MORE THAN $100,000 TOTAL 2,193. THIS EXCLUDES EMPLOYEES OF THE OTHER ENTITIES FOR WHICH THE HOSPITAL OPERATES AS THE PAYMASTER AS DESCRIBED IN THE SCHEDULE O EXPLANATION FOR IRS FORM 990, CORE FORM PART I, LINE 5.
PART XI, LINE 5 OTHER CHANGES IN NET ASSETS OR FUND BALANCES UNREALIZED LOSS ON INVESTMENTS - (20,092,134)
PART VII, SECTION A AVERAGE HOURS DEVOTED TO RELATED ORGANIZATIONS *Connie C. Klepper - 27.5 hours with MSH and 1 hour with MSMC *Deborah Marin, M.D. - 38.5 hours with MSH *Donald T. Scanlon - 27.5 hours with MSH, 1 hour with MSMC Realty, 1 hour with MSMC RES REALTY, and 1 hour with MSMC *Frank Cino - 34.1 hours with MSH and 1 hour with MSMC *Jack Nelson - 47.8 hours with MSH and 1 hour with MSMC *Jane Maksoud - 25.9 hours with MSH and 1 hour with MSMC *Jane Whitney - 28.6 hours with MSH 1 hour with MSMC *Jeffrey Silberstein, MBA - 27.5 hours with MSH and 1 hour with MSMC *Kenneth L. Davis, M.D. - 27.5 hours with MSH, 1 hour with MSMC Realty, and 1 hour with MSMC *Kumar Chatani - 47.8 hours with MSH and 1 hour with MSMC *Mark Kostegan FAHP - 16.5 hours with MSH, 1 hour with MSMC, and 1 hour with Mitral Foundation *Michael Macdonald - 27.5 hours with MSH and 1 hour with MSMC *Elena Abraham - 41 hours with MSH and 1 hour with MSMC *Margaret Pastuszko - 27.5 hours with MSH and 1 hour with MSMC *BARRY STIMMEL - 8.7 HOURS WITH MSH *DENNIS CHARNEY - 1 HOUR WITH MSMC AND 1 HOUR WITH MITRAL FOUNDATION
Schedule K   BOND A: PART II, LINE 3: THE DIFFERENCE BETWEEN THE TOTAL PROCEEDS OF ISSUE AND ISSUE PRICE ON FORM 8038 IS NET EARNINGS OF $10,820. PART II, LINE 7: ANY DIFFERENCE BETWEEN THE AMOUNT REPORTED ON SCHEDULE K AND THE AMOUNT REPORTED ON FORM 8038, PART IV, LINE 24 IS UNSPENT ISSUANCE COSTS FROM PROCEEDS WHICH HAS BEEN REPORTED ON PART II, LINE 12 OF SCHEDULE K. PART II, LINE 12: THE OTHER UNSPENT PROCEEDS CONSISTS OF ISSUANCE COSTS THAT WERE UNREIMBURSED AND WILL CONTINUE DECREASE IN 2012. BOND B: PART II, LINE 3: THE DIFFERENCE BETWEEN THE TOTAL PROCEEDS OF ISSUE AND ISSUE PRICE ON FORM 8038 IS NET EARNINGS OF $3,121,255. PART II, LINE 4: ANY DIFFERENCE BETWEEN GROSS PROCEEDS ON RESERVE FUNDS AND THE AMOUNT REPORTED ON FORM 8038, PART IV, LINE 26 IS CUMULATIVE NET INTEREST EARNINGS. PART II, LINE 12: THE OTHER UNSPENT PROCEEDS WILL CONTINUE DECREASE AS THE YEAR OF SUBSTANTIAL COMPLETION APPROACHES. BOND C: PART II, LINE 3: THE DIFFERENCE BETWEEN THE TOTAL PROCEEDS OF ISSUE AND ISSUE PRICE ON FORM 8038 IS NET EARNINGS OF $1,436,189. PART II, LINE 4: ANY DIFFERENCE BETWEEN GROSS PROCEEDS ON RESERVE FUNDS AND THE AMOUNT REPORTED ON FORM 8038, PART IV, LINE 26 IS CUMULATIVE NET INTEREST EARNINGS. PART II, LINE 12: THE OTHER UNSPENT PROCEEDS WILL DECREASE TO ZERO BY 2012 YEAR END. BOND D: PART II, LINE 3: THE DIFFERENCE BETWEEN THE TOTAL PROCEEDS OF ISSUE AND ISSUE PRICE ON FORM 8038 IS NET EARNINGS OF $7,020. PART II, LINE 4: ANY DIFFERENCE BETWEEN GROSS PROCEEDS ON RESERVE FUNDS AND THE AMOUNT REPORTED ON FORM 8038, PART IV, LINE 26 IS CUMULATIVE NET INTEREST EARNINGS. PART II, LINE 12: THIS AMOUNT IS UNDER DISCUSSION AMONGST OUR BOND COUNSEL AND WILL BE DRAWN DOWN FOLLOWING THESE DISCUSSIONS.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2011

Additional Data


Software ID:  
Software Version:  
SCHEDULE R
(Form 990)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
MediumBulletComplete if the organization answered "Yes" to Form 990, Part IV, line 33, 34, 35, 36, or 37.
MediumBulletAttach to Form 990. MediumBullet See separate instructions.

OMB No. 1545-0047
2011
Open to Public Inspection
Name of the organization
Mount Sinai School of Medicine
 
Employer identification number

13-6171197
Part I
Identification of Disregarded Entities (Complete if the organization answered "Yes" on Form 990, Part IV, line 33.)
(a)
Name, address, and EIN of disregarded entity


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Total income
(e)
End-of-year assets


 		(f)
Direct controlling
entity

















Part II
Identification of Related Tax-Exempt Organizations (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.)
(a)
Name, address, and EIN of related organization


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Exempt Code section
(e)
Public charity status
(if section 501(c)(3))

 		(f)
Direct controlling
entity

 		(g)
Section 512(b)(13) controlled organization
Yes No
(1) THE MOUNT SINAI HOSPITAL

ONE GUSTAVE L LEVEY PLACE

NEW YORK,NY10029
13-1624096 		HOSPITAL NY 501(C)(3) 3 na
 
 
No
(2) THE MOUNT SINAI MEDICAL CENTER INC

ONE GUSTAVE L LEVY PLACE

NEW YORK,NY10029
13-6271888 		SUPPORT NY 501(C)(3) 11 type II na
 
 
No
(3) MSMC REALTY CORPORATION

ONE GUSTAVE L LEVY PLACE

NEW YORK,NY10029
13-3852596 		REAL ESTATE NY 501(C)(3) 11 type I SEE PART VII
 
Yes
 
(4) MSMC RESIDENTIAL REALTY LLC

1425 MADISON AVENUE

NEW YORK,NY10029
20-0244426 		REAL ESTATE NY 501(C)(3) 11 type I SEE PART VII
 
Yes
 
(5) MOUNT SINAI CHILDREN'S CTR FOUNDATION

ONE GUSTAVE L LEVY PLACE

NEW YORK,NY10029
22-3059294 		SUPPORT NY 501(C)(3) 11 type I MSSM
 
Yes
 
(6) MITRAL FOUNDATION

1190 5TH AVENUE

NEW YORK,NY10017
80-0468600 		SUPPORT NY 501(C)(3) 11 type I MSSM
 
Yes
 
(7) MOUNT SINAI DIAGNOSTIC & TREATMENT CTR

ONE GUSTAVE L LEVY PLACE

NEW YORK,NY10029
45-0537391 		DIAG CLINIC NY 501(C)(3) 3 MSSM
 
Yes
 
(8) MSMC RESIDENTIAL REALTY MANAGERS INC

1425 MADISON AVENUE

NEW YORK,NY10029
20-1289396 		MANAGEMENT NY 501(C)(3) 11 TYPE I SEE PART VII
 
Yes
 
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2011
Schedule R (Form 990) 2011
Page 2
Part III
Identification of Related Organizations Taxable as a Partnership (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year.)
(a)
Name, address, and EIN of
related organization



 		(b)
Primary activity




 		(c)
Legal
domicile
(state or foreign
country)


 		(d)
Direct controlling
entity



 		(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)

(f)
Share of total income




 		(g)
Share of end-of-year
assets



 		(h)
Disproprtionate allocations?




 		(i)
Code V—UBI
amount in box 20 of
Schedule K-1
(Form 1065)
 		(j)
General or
managing
partner?



 		(k)
Percentage
ownership
Yes No Yes No












Part IV
Identification of Related Organizations Taxable as a Corporation or Trust (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.)
(a)
Name, address, and EIN of related organization



 		(b)
Primary activity



 		(c)
Legal domicile
(state or
foreign
country)
 		(d)
Direct controlling
entity


 		(e)
Type of entity
(C corp, S corp,
or trust)

 		(f)
Share of total income



 		(g)
Share of
end-of-year
assets

 		(h)
Percentage
ownership












Schedule R (Form 990) 2011
Schedule R (Form 990) 2011
Page 3
Part V
Transactions With Related Organizations (Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35, 35A, or 36.)
Note. Complete line 1 if any entity is listed in Parts II, III or IV.
Yes
No
1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a Receipt of (i) interest (ii) annuities (iii) royalties (iv) rent from a controlled entity . . . . . . . . . . . . . . . . . . . . . . .
1a
 
No
b Gift, grant, or capital contribution to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1b
 
No
c Gift, grant, or capital contribution from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1c
Yes
 
d Loans or loan guarantees to or for related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1d
 
No
e Loans or loan guarantees by related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1e
Yes
 
f Sale of assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1f
 
No
g Purchase of assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1g
 
No
h Exchange of assets with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1h
 
No
i Lease of facilities, equipment, or other assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1i
Yes
 
j Lease of facilities, equipment, or other assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . .
1j
 
No
k Performance of services or membership or fundraising solicitations for related organization(s) . . . . . . . . . . . . . . . . . . . .
1k
 
No
l Performance of services or membership or fundraising solicitations by related organization(s) . . . . . . . . . . . . . . . . . . . .
1l
 
No
m Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) . . . . . . . . . . . . . . . . . . . . .
1m
Yes
 
n Sharing of paid employees with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1n
Yes
 
o Reimbursement paid to related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1o
Yes
 
p Reimbursement paid by related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1p
Yes
 
q Other transfer of cash or property to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1q
 
No
r Other transfer of cash or property from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1r
Yes
 
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of other organization 		(b)
Transaction
type(a-r) 		(c)
Amount involved 		(d)
Method of determining amount involved
(1) THE MOUNT SINAI HOSPITAL

 c 11,750,623 COST
(2) THE MOUNT SINAI HOSPITAL

 E 1,079,671 COST
(3) THE MOUNT SINAI HOSPITAL

 I 8,051,106 COST
(4) THE MOUNT SINAI HOSPITAL

 M 19,040,232 COST
(5) THE MOUNT SINAI HOSPITAL

 N 20,629,991 COST
(6) THE MOUNT SINAI HOSPITAL

 P 142,812,916 COST
(7) THE MOUNT SINAI HOSPITAL

 O 839,263,414 COST
(8) MSMC RESIDENTIAL REALTY LLC

 C 410,873 COST
(9) MSMC REALTY CORPORATION

 C 469,377 COST
(10) MITRAL FOUNDATION

 C 1,310,710 COST
(11) MOUNT SINAI CHILDREN'S CENTER FOUNDATION

 C 400,000 COST
Schedule R (Form 990) 2011
Schedule R (Form 990) 2011
Page 4
Part VI
Unrelated Organizations Taxable as a Partnership (Complete if the organization answered "Yes" on Form 990, Part IV, line 37.)
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity 		(b)
Primary activity 		(c)
Legal domicile
(state or foreign
country) 		(d)
Predominant income(related, unrelated, excluded from tax under sections 512-514)

(e)
Are all
partners
section
501(c)(3)
organizations? 		(f)
Share of total income




 		(g)
Share of
end-of-year
assets 		(h)
Disproprtionate allocations? 		(i)
Code V—UBI
amount in box
20 of Schedule K-1
(Form 1065) 		(j)
General or
managing
partner? 		(k)
Percentage
ownership
Yes No Yes No Yes No






























Schedule R (Form 990) 2011
Schedule R (Form 990) 2011
Page 5
Part VII
Supplemental Information
Complete this part to provide additional information for responses to questions on Schedule R (see instructions).
Identifier Return Reference Explanation
PART II, LINE 5, COLUMN F DIRECT CONTROLLING ENTITY THE MOUNT SINAI SCHOOL OF MEDICINE, THE MOUNT SINAI HOSPITAL, AND THE MOUNT SINAI MEDICAL CENTER ARE ALL MEMBERS OF THE ENTITY.
PART II, LINE 6, COLUMN F DIRECT CONTROLLING ENTITY THE MOUNT SINAI SCHOOL OF MEDICINE, THE MOUNT SINAI HOSPITAL, THE MSMC REALTY CORP. AND THE MSMC RESIDENTIAL REALTY MANAGER LLC ARE ALL MEMBERS OF THIS ENTITY. PART II, LINE 8, COLUMN F DIRECT CONTROLLING ENTITY THE MOUNT SINAI SCHOOL OF MEDICINE, THE MOUNT SINAI HOSPITAL, AND THE MSMC REALTY CORPORATION ARE ALL MEMBERS OF THIS ENTITY.
Additional Data


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