Form990
Click to see attachment
Department of the TreasuryInternal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private
foundations)
MediumBullet Do not enter social security numbers on this form as it may be made public.
MediumBullet Information about Form 990 and its instructions is at www.IRS.gov/form990.
OMB No. 1545-0047
2015
Open to Public Inspection
A For the 2015 calendar year, or tax year beginning 01-01-2015 , and ending 12-31-2015
BCheck if applicable:
CName of organization
ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI
 
% STEPHEN HARVEY
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 province, country, and ZIP or foreign postal code
NEW YORK, NY10029
D Employer identification number

13-6171197
E Telephone number

G Gross receipts $ 2,096,156,221
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.ICAHN.MSSM.EDU
H(a)
Is this a group return for
subordinates?
H(b)
Are all subordinates
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: The School commits to dramatically advancing the art and science of medical care through an atmosphere of intense collaborative learning, social concern, and scholarly inquiry.
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a) ........ 3 55
4 Number of independent voting members of the governing body (Part VI, line 1b) ..... 4 51
5 Total number of individuals employed in calendar year 2015 (Part V, line 2a) ...... 5 11,131
6 Total number of volunteers (estimate if necessary) ............. 6 525
7a Total unrelated business revenue from Part VIII, column (C), line 12 ........ 7a 2,000
b Net unrelated business taxable income from Form 990-T, line 34 ......... 7b -13,827
Revenues Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 443,648,186 444,248,871
9 Program service revenue (Part VIII, line 2g) ......... 1,182,718,603 1,508,806,073
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 23,525,040 33,217,548
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 99,151,048 107,983,067
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12) 1,749,042,877 2,094,255,559
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 4,326,107 4,977,071
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) 1,248,481,511 1,347,509,769
16a Professional fundraising fees (Part IX, column (A), line 11e) ..... 0 0
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet7,979,008    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e).... 517,239,680 819,550,378
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 1,770,047,298 2,172,037,218
19 Revenue less expenses. Subtract line 18 from line 12....... -21,004,421 -77,781,659
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 2,308,487,928 2,312,466,209
21 Total liabilities (Part X, line 26)............. 1,189,999,147 1,303,528,435
22 Net assets or fund balances. Subtract line 21 from line 20..... 1,118,488,781 1,008,937,774
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 MediumBullet
Firm's EIN MediumBullet
Firm's address MediumBullet



Phone no.
May the IRS discuss this return with the preparer shown above? (see instructions) ..........
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y Form 990 (2015)
Form 990 (2015)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response or note to any line 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 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 $ 1,199,785,745 including grants of $ 0 ) (Revenue $ 1,092,443,700 )
ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI PROVIDES BASIC AND TERTIARY PHYSICIANS SERVICES TO PATIENTS ON AN ONGOING BASIS.
4b (Code:   ) (Expenses $ 331,593,597 including grants of $ 764,171 ) (Revenue $ 122,580,010 )
ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI CONDUCTS RESEARCH IN THE AREAS OF BIOLOGICAL, SOCIAL AND PHYSICAL SCIENCES. FUNDAMENTAL AND APPLIED RESEARCH IS PRIMARILY ENTERED IN GEOGRAPHIC PROXIMITY TO CLINICAL FACILITIES.
4c (Code:   ) (Expenses $ 292,847,921 including grants of $ 4,218,400 ) (Revenue $ 303,377,250 )
ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI 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.
4d Other program services (Describe in Schedule O.)
(Expenses $   including grants of $   ) (Revenue $   )
4e Total program service expensesMediumBullet1,824,227,263
Form 990 (2015)
Form 990 (2015)
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 (see instructions)? 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 IClick to see attachment.............
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part IIClick to see attachment..............
4
Yes
 
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 IIIClick to see attachment.................
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 for escrow or custodial account liability; 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, line 10?
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 VIIClick to see attachment.......
11b
Yes
 
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 VIIIClick 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 IXClick 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 XClick 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 XClick 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 and XII 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 and XII 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, Parts I and IV.........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 other assistance to or for any foreign organization? If “Yes,” complete Schedule F, Parts II and IV.....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 other assistance to or for foreign individuals? If “Yes,” complete Schedule F, Parts III and IV...Click to see attachment
16
Yes
 
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 I (see instructions) ....Click 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 hospital facilities? If "Yes," complete Schedule H....
20a
 
No
b
If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?
20b
 
 
Form 990 (2015)
Form 990 (2015)
Page 4
Part IV
Checklist of Required Schedules (continued)
21
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government 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 or other assistance to or for domestic individuals 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, line 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 lines 24b through 24d and complete Schedule K. If “No,” go to line 25a...............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), 501(c)(4), and 501(c)(29) 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
Did the organization report any amount on Part X, line 5, 6, or 22 for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons? 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
 
No
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 direct or indirect owner? If "Yes," complete Schedule L, Part IV... Click to see attachment
28c
 
No
29
Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M..Click 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
Yes
 
34
Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Part II, III, or IV, and Part 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 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Form 990 (2015)
Form 990 (2015)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response or note to any line in this Part V...........
Yes
No
1a
Enter the number reported in Box 3 of Form 1096 Enter -0- if not applicable ..
1a
1,799
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
11,131
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” to line 3b, 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, securities account, or other financial account)? ..
4a
Yes
 
b
If "Yes," enter the name of the foreign country: MediumBulletMX
See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).
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 as charitable contributions? ...
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.
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year? .........................
8
 
 
9a
Did the sponsoring organization make any taxable distributions under section 4966?...
9a
 
 
b
Did the sponsoring 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. See the instructions for additional information the organization must report on Schedule O.
13a
 
 
b
Enter the 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 amount of reserves on hand ............
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
No
b
If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O..
14b
 
 
Form 990 (2015)
Form 990 (2015)
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 or note to any line 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
1a
55
If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.
b
Enter the number of voting members included in line 1a, above, who are independent
1b
51
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
Yes
 
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
Yes
 
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
Yes
 
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 this 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, address, and telephone number of the person who possesses the organization's books and records:
MediumBulletSTEPHEN HARVEY150 E 42ND STREET 9TH FLOOR   New York,NY10017 (646) 605-4002
Form 990 (2015)
Form 990 (2015)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response or note to any line 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. 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 organization compensated any current officer, director, or trustee.
(A)
Name and Title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(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; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(1) PETER W MAY......................................................................
Chairman of board of trustees
 2.0
.................
14.0 		X   X       0 0 0
(2) frederick A klingenstein......................................................................
honorary chairman/trustee
 2.0
.................
14.0 		X   X       0 0 0
(3) DONALD J GOGEL......................................................................
SENIOR VICE CHAIRMAN/TRUSTEE
 2.0
.................
14.0 		X   X       0 0 0
(4) MICHAEL MINIKES......................................................................
SNR VICE CHAIR/TREASURER/TRUST
 2.0
.................
14.0 		X   X       0 0 0
(5) ROBERT E RUBIN......................................................................
SENIOR VICE CHAIRMAN/TRUSTEE
 2.0
.................
14.0 		X   X       0 0 0
(6) JAMES W CRYSTAL......................................................................
vice chairman/trustee
 2.0
.................
14.0 		X   X       0 0 0
(7) GLENN DUBIN......................................................................
VICE CHAIRMAN/TRUSTEE
 2.0
.................
14.0 		X   X       0 0 0
(8) JOEL S EHRENKRANZ......................................................................
VICE CHAIRMAN/TRUSTEE
 2.0
.................
14.0 		X   X       0 0 0
(9) ELLEN KATZ......................................................................
TRUSTEE
 1.0
.................
6.0 		X           0 0 0
(10) HENRY R KRAVIS......................................................................
VICE CHAIRMAN/TRUSTEE
 2.0
.................
14.0 		X   X       0 0 0
(11) JOHN A LEVIN......................................................................
VICE CHAIRMAN/TRUSTEE
 2.0
.................
14.0 		X   X       0 0 0
(12) ERIC MINDICH......................................................................
VICE CHAIRMAN/TRUSTEE
 2.0
.................
14.0 		X   X       0 0 0
(13) ANDREW M SAUL......................................................................
VICE CHAIRMAN/TRUSTEE
 2.0
.................
15.0 		X   X       0 0 0
(14) THOMAS W STRAUSS......................................................................
VICE CHAIRMAN/TRUSTEE
 2.0
.................
14.0 		X   X       0 0 0
(15) THOMAS R BLOCK......................................................................
TRUSTEE
 1.0
.................
1.0 		X           0 0 0
(16) christopher w brody......................................................................
Trustee
 1.0
.................
1.0 		X           0 0 0
(17) CHARLES R BRONFMAN......................................................................
Trustee
 1.0
.................
0.0 		X           0 0 0
Form 990 (2015)
Form 990 (2015)
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 (list any hours for related organizations below dotted line) 		(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; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(18) JEAN C CRYSTAL........................................................................
Trustee
 1.0
.......................0.0 		X           0 0 0
(19) STEVEN G EINHORN........................................................................
Trustee
 1.0
.......................0.0 		X           0 0 0
(20) BLAINE V FOGG........................................................................
SEC/VICE CHAIRMAN/TRUSTEE
 2.0
.......................14.0 		X   X       0 0 0
(21) RICHARD A FRIEDMAN........................................................................
VICE CHAIRMAN/TRUSTEE
 2.0
.......................14.0 		X   X       0 0 0
(22) ARNE GLIMCHER........................................................................
Trustee
 1.0
.......................0.0 		X           0 0 0
(23) MICHAEL S GROSS........................................................................
Trustee (ex-officio)
 1.0
.......................1.0 		X           0 0 0
(24) VICKI PANZIER GROSS........................................................................
trustee (ex-officio)
 1.0
.......................1.0 		X           0 0 0
(25) GEORGE J GRUMBACH JR........................................................................
TRUSTEE
 1.0
.......................1.0 		X           0 0 0
(26) CARL C ICAHN........................................................................
TRUSTEE
 1.0
.......................0.0 		X           0 0 0
(27) LEWIS P JONES........................................................................
TRUSTEE
 1.0
.......................0.0 		X           0 0 0
(28) patricia s levinson........................................................................
trustee (ENDING SEPT 2015)
 1.0
.......................5.0 		X           0 0 0
(29) BERNARD W NUSSBAUM........................................................................
TRUSTEE
 1.0
.......................6.0 		X           0 0 0
(30) JUDITH O RUBIN........................................................................
TRUSTEE
 1.0
.......................6.0 		X           0 0 0
(31) STEPHEN L SCHWARTZ........................................................................
TRUSTEE
 1.0
.......................0.0 		X           0 0 0
(32) DANIEL H STERN........................................................................
TRUSTEE
 1.0
.......................0.0 		X           0 0 0
(33) MICHAEL J URFIRER........................................................................
TRUSTEE
 1.0
.......................0.0 		X           0 0 0
(34) ROBERT FRIEDMAN........................................................................
TRUSTEE
 1.0
.......................0.0 		X           0 0 0
(35) robin neustein........................................................................
trustee (resigned ARPIL 2015)
 1.0
.......................0.0 		X           0 0 0
(36) ERIC M RUTTENBERG........................................................................
TRUSTEE
 1.0
.......................1.0 		X           0 0 0
(37) RICHARD RAVITCH........................................................................
VICE CHAIRMAN/TRUSTEE
 2.0
.......................14.0 		X   X       0 0 0
(38) Gail GoldenIcahn........................................................................
TRUSTEE
 1.0
.......................0.0 		X           0 0 0
(39) BOBBIE ABRAMS........................................................................
TRUSTEE
 1.0
.......................4.0 		X           0 0 0
(40) LEON D BLACK........................................................................
TRUSTEE
 1.0
.......................0.0 		X           0 0 0
(41) TANVIR CHOUDHRI MD........................................................................
TRUSTEE (ex-officio)
 1.0
.......................0.0 		X           0 0 0
(42) EVA ANDERSSON DUBIN MD........................................................................
TRUSTEE
 1.0
.......................1.0 		X           0 0 0
(43) JAMES E FLYNN........................................................................
TRUSTEE
 1.0
.......................6.0 		X           0 0 0
(44) JEROME GOLDSTEIN........................................................................
TRUSTEE
 1.0
.......................4.0 		X           0 0 0
(45) RICHARD A GOLDSTEIN........................................................................
TRUSTEE
 1.0
.......................5.0 		X           0 0 0
(46) STEVE HOCHBERG........................................................................
SENIOR VICE CHAIRMAN/TRUSTEE
 2.0
.......................19.5 		X   X       0 0 0
(47) BRAD KARP........................................................................
TRUSTEE
 1.0
.......................1.0 		X           0 0 0
(48) JAMES KEMPNER........................................................................
TRUSTEE
 1.0
.......................5.0 		X           0 0 0
(49) EUGENE MERCY JR........................................................................
TRUSTEE
 1.0
.......................6.0 		X           0 0 0
(50) ALICE NETTER........................................................................
TRUSTEE
 1.0
.......................5.0 		X           0 0 0
(51) LEWIS C PELL........................................................................
TRUSTEE
 1.0
.......................4.0 		X           0 0 0
(52) JOEL I PICKET........................................................................
VICE CHAIRMAN/TRUSTEE
 2.0
.......................14.0 		X   X       0 0 0
(53) WILLIAM H WRIGHT II........................................................................
TRUSTEE
 1.0
.......................5.0 		X           0 0 0
(54) BONNIE M DAVIS MD........................................................................
TRUSTEE
 1.0
.......................1.0 		X           0 0 0
(55) JUDAH GRIBETZ........................................................................
TRUSTEE
 1.0
.......................7.0 		X           0 0 0
(56) HAMILTON JAMES........................................................................
TRUSTEE
 1.0
.......................1.0 		X           0 0 0
(57) ELIZABETH RIGHT........................................................................
TRUSTEE
 1.0
.......................1.0 		X           0 0 0
(58) Kenneth L Davis MD........................................................................
Chief Executive Officer
 15.0
.......................42.0 		    X       1,416,270 2,667,554 2,138,931
(59) Dennis Charney MD 1........................................................................
DEAN
 44.0
.......................15.0 		    X       1,433,952 358,488 45,727
(60) donald t scanlon........................................................................
EVP, FINANCE/CHIEF CORP. SRVCS
 15.0
.......................50.0 		    X       460,719 1,260,310 57,964
(61) jeffrey silberstein........................................................................
EVP, CHIEF OPERATING OFFICER
 15.0
.......................42.5 		    X       263,552 720,948 59,033
(62) stephen harvey........................................................................
SVP, CHIEF FINANCIAL OFFICER
 55.0
.......................1.0 		    X       656,580 0 71,517
(63) JAMES S TISCH........................................................................
SENIOR VICE CHAIRMAN
 2.0
.......................14.5 		    X       0 0 0
(64) margaret pastuszko........................................................................
EVP, SYSTEM CSIO
 16.0
.......................42.0 		    X       272,753 684,275 61,848
(65) KUMAR CHATANI........................................................................
EVP, SYSTEM CIO
 8.0
.......................48.5 		    X       109,522 620,622 47,318
(66) JEREMY BOAL MD........................................................................
EVP, SYSTEM CMO
 0.5
.......................59.0 		    X       0 1,160,878 57,938
(67) BETH ESSIG ESQ........................................................................
EVP, GENERAL COUNSEL
 13.21
.......................48.79 		    X       231,814 733,676 22,961
(68) ARTHUR KLEIN MD........................................................................
EVP, PRES OF HEALTH NETWORK
 0.5
.......................57.0 		    X       0 1,305,255 38,623
(69) SUSAN R CULLMAN........................................................................
VICE CHAIRMAN
 2.0
.......................14.0 		    X       0 0 0
(70) BURTON DRAYER MD........................................................................
EVP, CEO MS DOCTORS FPA
 41.0
.......................16.5 		    X       1,038,270 346,090 42,858
(71) frank cino........................................................................
SVP, SYSTEM CRO
 10.0
.......................46.0 		      X     94,713 408,545 51,554
(72) Samin Sharma MD........................................................................
PROFESSOR
 55.0
.......................0.0 		        X   4,641,263 0 42,625
(73) Andrew Hecht MD........................................................................
ASSISTANT PROFESSOR
 55.0
.......................0.0 		        X   11,025,770 0 50,283
(74) SHEERAZ QURESHI MD........................................................................
ASSOCIATE PROFESSOR
 55.0
.......................0.0 		        X   5,164,222 0 40,578
(75) DAVID ADAMS MD........................................................................
CHAIRMAN
 55.0
.......................0.5 		        X   5,538,714 0 49,442
(76) arthur jenkins iii md........................................................................
ASSOCIATE PROFESSOR
 55.0
.......................0.0 		        X   4,435,856 0 49,482
(77) michael macdonald 2........................................................................
former officer
 27.5
.......................28.0 		          X 410,910 410,910 0
(78) elana abraham 23........................................................................
former officer
 0.5
.......................33.5 		          X 0 251,245 50,550
(79) jane whitney 2........................................................................
former officer
 0.5
.......................18.5 		          X 0 204,338 13,270
1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)...........MediumBullet 37,194,880 11,133,134 2,992,502
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization MediumBullet3,438
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
PST SERVICES,
PO BOX 742526
ATLANTA,GA30374 		BILLING SERVICES 9,101,949
MEDSCAPE LLC,
12186 COLLECTIONS CENTER DRIVE
CHICAGO,IL60693 		REFERRAL SVCS 4,709,043
HEALTHSMART CARE MANAGEMENT,
PO BOX 842088
DALLAS,TX75284 		Management 3,153,861
Oxford University Innovation LTD,
EWERT HOUSE PLACE
OXFORD,ENGLANDOX2 7SG
UK 		Consultants 4,384,507
JOHNSON CONTROLS,
PO BOX 730068
DALLAS,TX753730068 		CONSULTANTS 2,140,506
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet247
Form 990 (2015)
Form 990 (2015)
Page 9
Part VIII
Statement of Revenue
Check if Schedule O contains a response or note to any line in this Part VIII .............
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512-514
Contributions, Gifts, GrantAmt and OtherAmt Similar Amounts 1a Federated campaigns..1a  
b Membership dues..1b  
c Fundraising events..1c 6,528,048
d Related organizations1d 40,717,655
e Government grants (contributions)1e 165,051
f All other contributions, gifts, grants, and similar amounts not included above1f 396,838,117
g Noncash contributions included in lines 1a-1f:$ 9,274,471
h Total.Add lines 1a-1f.......MediumBullet 444,248,871
Program Service RevenueAmt Business Code
2a PATIENT CARE/LAB SERVICES 621500 878,411,280 878,411,280    
b FEDERAL CONTRACTS 541700 74,644,245 74,644,245    
c NYC HEALTH AND HOSP. CORP. 621400 214,032,420 214,032,420    
d MOUNT SINAI HOSPITAL CARTS 561000 263,871,660 263,871,660    
e PRIVATE CONTRACTS 541700 47,935,765 47,935,765    
f All other program service revenue. 29,910,703 29,910,703    
g Total.Add lines 2a–2f.....MediumBullet 1,508,806,073
OtherAmt RevenueAmt 3 Investment income (including dividends, interest, and othersimilar amounts) ..........MediumBullet 7,779,823     7,779,823
4 Income from investment of tax-exempt bond proceedsMediumBullet 10,527     10,527
5 Royalties...........MediumBullet 52,823,595     52,823,595
(ii) Personal (i) Real
6a Gross rents   7,235,568
b Less: rental expenses    
c Rental income or (loss) 0 7,235,568
d Net rental income or (loss)......MediumBullet 7,235,568     7,235,568
(ii) Other (i) Securities
7a Gross amount from sales of assets other than inventory   25,427,198
b Less: cost or other basis and sales expenses    
c Gain or (loss)   25,427,198
d Net gain or (loss).....MediumBullet 25,427,198     25,427,198
8a Gross income from fundraising events (not including $ 6,528,048of contributions reported on line 1c). See Part IV, line 18 ....
a 601,985
b Less: direct expenses ...b 1,900,662
c Net income or (loss) from fundraising events..MediumBullet -1,298,677   -1,298,677
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      
Business Code Miscellaneous Revenue
11a MASTERS PROGRAM TUITION & RELATED FEES 900099 7,909,260 7,909,260    
b 8 EAST 102ND STREET MANAGER LLC 525990 1,147,738     1,147,738
c PARKING GARAGE 611710 2,429,530     2,429,530
d All other revenue .... 37,736,053 1,685,627 2,000 36,048,426
e Total. Add lines 11a–11d ...... MediumBullet 49,222,581
12 Total revenue. See Instructions......MediumBullet 2,094,255,559 1,518,400,960 2,000 131,603,728
Form 990 (2015)
Form 990 (2015)
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).Check if Schedule O contains a response or note to any line 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 domestic organizations and domestic governments. See Part IV, line 21 0  
2 Grants and other assistance to individuals in the United States. See Part IV, line 22 4,587,670 4,587,670
3 Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16 389,401 389,401
4 Benefits paid to or for members 0  
5 Compensation of current officers, directors, trustees, and key employees .... 6,931,431   6,568,573 362,858
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 1,139,415,865 1,069,580,514 65,798,782 4,036,569
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 40,905,145 37,252,575 3,406,129 246,441
9 Other employee benefits ....... 109,080,706 100,895,274 7,571,248 614,184
10 Payroll taxes ........... 51,176,622 45,817,732 5,000,345 358,545
11 Fees for services (non-employees):        
a Management ...... 36,701,764 32,488,326 3,882,850 330,588
b Legal ......... 7,676,800   7,624,899 51,901
c Accounting ........... 3,451,943   3,451,943  
d Lobbying ........... 431 431    
e Professional fundraising services. See Part IV, line 17 0  
f Investment management fees ...... 2,335,122   2,335,122  
g Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) 8,145,222 6,004,475 2,118,761 21,986
12 Advertising and promotion .... 6,253,727 5,692,324 561,403  
13 Office expenses ....... 72,126,899 68,734,354 3,062,968 329,577
14 Information technology ...... 18,390,055 5,383,591 12,879,704 126,760
15 Royalties .. 22,699,559 18 22,699,541  
16 Occupancy ........... 103,861,840 60,319,003 42,339,936 1,202,901
17 Travel ............ 2,733,674 2,050,686 671,917 11,071
18 Payments of travel or entertainment expenses for any federal, state, or local public officials . 0      
19 Conferences, conventions, and meetings .... 18,848,864 18,237,359 570,072 41,433
20 Interest ........... 28,519,050 134,282 28,384,768  
21 Payments to affiliates ....... 0      
22 Depreciation, depletion, and amortization .. 83,611,750 46,279,669 37,321,936 10,145
23 Insurance ... 34,222,605 33,398,858 823,747  
24 Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a COST OF REFINANCING DEBT 70,665,909   70,665,909  
b OFFCAMPUS PRACTICE PLAN OPER 67,675,050 67,675,050    
c SUBCONTRACTS PASS-THROUGH 61,934,630 61,934,630    
d MEDICAL SUPPLIES 22,680,691 18,989,870 3,690,821  
e All other expenses 147,014,793 138,381,171 8,399,573 234,049
25 Total functional expenses. Add lines 1 through 24e 2,172,037,218 1,824,227,263 339,830,947 7,979,008
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 (2015)
Form 990 (2015)
Page 11
Part X
Balance Sheet
Check if Schedule O contains a response or note to any line in this Part IX ..............
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash–non-interest-bearing ........ 7,679,611 1 17,077,629
2 Savings and temporary cash investments ......... 45,599,671 2 71,314,128
3 Pledges and grants receivable, net ...... 125,802,289 3 103,142,711
4 Accounts receivable, net ............. 77,516,996 4 100,681,668
5 Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L
1,500,000 5 1,500,000
6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
0 6 0
7 Notes and loans receivable, net .... 81,782,497 7 91,058,225
8 Inventories for sale or use ........ 0 8 0
9 Prepaid expenses and deferred charges ...... 5,605,270 9 4,201,566
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 1,714,075,876
b Less: accumulated depreciation 10b 751,965,747 957,017,553 10c 962,110,129
11 Investments—publicly traded securities . 0 11 0
12 Investments—other securities. See Part IV, line 11 ..... 822,036,643 12 770,249,641
13 Investments—program-related. See Part IV, line 11 .. 1,762,950 13 1,756,348
14 Intangible assets ............... 0 14 0
15 Other assets. See Part IV, line 11 ........... 182,184,448 15 189,374,164
16 Total assets. Add lines 1 through 15 (must equal line 34)... 2,308,487,928 16 2,312,466,209
Liabilities 17 Accounts payable and accrued expenses ..... 73,990,640 17 84,293,067
18 Grants payable ... 0 18 0
19 Deferred revenue ......... 65,633,806 19 45,391,775
20 Tax-exempt bond liabilities ......... 603,978,960 20 661,307,329
21 Escrow or custodial account liability. Complete Part IV of Schedule D 0 21 0
22 Loans and other 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 .. 23,014,984 23 22,078,269
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 423,380,757 25 490,457,995
26 Total liabilities. Add lines 17 through 25.. 1,189,999,147 26 1,303,528,435
Net Assets or Fund Balance Organizations that follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 27 through 29, and lines 33 and 34.
27 Unrestricted net assets 394,437,984 27 287,496,435
28 Temporarily restricted net assets ........... 329,917,579 28 319,818,627
29 Permanently restricted net assets 394,133,218 29 401,622,712
Organizations that do not follow SFAS 117 (ASC 958), 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 ........... 1,118,488,781 33 1,008,937,774
34 Total liabilities and net assets/fund balances ........ 2,308,487,928 34 2,312,466,209
Form 990 (2015)
Form 990 (2015)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response or note to any line in this Part XI ..............
1
Total revenue (must equal Part VIII, column (A), line 12) ............
1
2,094,255,559
2
Total expenses (must equal Part IX, column (A), line 25) ............
2
2,172,037,218
3
Revenue less expenses. Subtract line 2 from line 1 ..............
3
-77,781,659
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) ..
4
1,118,488,781
5
Net unrealized gains (losses) on investments ...............
5
-31,769,348
6
Donated services and use of facilities .................
6
 
7
Investment expenses .....................
7
 
8
Prior period adjustments .....................
8
 
9
Other changes in net assets or fund balances (explain in Schedule O) ........
9
 
10
Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 33, column (B))
10
1,008,937,774
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response or note to any line 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
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:
b
Were the organization’s financial statements audited by an independent accountant?
2b
Yes
 
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:
c
If "Yes," to line 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?
2c
Yes
 
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.
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 (2015)
Form 990 (2015)
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 Information about Schedule A (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2015
Open to Public
Inspection
Name of the organization
ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI
 
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
6
7
8
9
10
11
a
b
c
d
e
f
Enter the number of supported organizations ..............  

g
Provide the following information about the supported organization(s).
(i)Name of supported organization (ii) EIN (iii) Type of organization (described on lines 1- 9 above (see instructions)) (iv) Is the organization listed in your governing document? (v) Amount of monetary support (see instructions) (vi) Amount of other support (see instructions)
Yes No
Total      

For Paperwork Reduction Act Notice, see the Instructions for
Form 990 or 990-EZ.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2015

Schedule A (Form 990 or 990-EZ) 2015
Page 2
Part II
Support Schedule for Organizations Described in Sections 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) right arrow (a) 2011 (b) 2012 (c) 2013 (d) 2014 (e) 2015 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any unusual grants.) .... 110,794,747 143,059,000 173,606,651 443,648,186 444,248,871 1,315,357,455
2 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......           0
3 The value of services or facilities furnished by a governmental unit to the organization without charge..           0
4 Total. Add lines 1 through 3 110,794,747 143,059,000 173,606,651 443,648,186 444,248,871 1,315,357,455
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).. 105,958,123
6 Public support. Subtract line 5 from line 4. 1,209,399,332
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2011 (b) 2012 (c) 2013 (d) 2014 (e) 2015 (f) Total
7 Amounts from line 4.. 110,794,747 143,059,000 173,606,651 443,648,186 444,248,871 1,315,357,455
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... 39,499,623 93,179,273 56,201,341 60,788,661 67,849,513 317,518,411
9 Net income from unrelated business activities, whether or not the business is regularly carried on.. 44,664 401,828 159,639 201,942   808,073
10 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.)..           0
11 Total support. Add lines 7 through 10. 1,633,683,939
12
12
6,735,119,237
13
First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here........................................right arrow
Section C. Computation of Public Support Percentage
14
14
74.029 %
15
15
0 %
16a
b
17a
b
18
Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow
Schedule A (Form 990 or 990-EZ) 2015

Schedule A (Form 990 or 990-EZ) 2015
Page 3
Part III
Support Schedule for Organizations Described in Section 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) right arrow (a) 2011 (b) 2012 (c) 2013 (d) 2014 (e) 2015 (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) right arrow (a) 2011 (b) 2012 (c) 2013 (d) 2014 (e) 2015 (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 VI.) ..            
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) 2015

Schedule A (Form 990 or 990-EZ) 2015
Page 4
Part IV
Supporting Organizations
(Complete only if you checked a box on line 11 of Part I. If you checked 11a of Part I, complete Sections A and B. If you checked 11b of Part I, complete Sections A and C. If you checked 11c of Part I, complete Sections A, D, and E. If you checked 11d of Part I, complete Sections A and D, and complete Part V.)
Section A. All Supporting Organizations
Yes
No
1
Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.
1
 
 
2
Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).
2
 
 
3a
Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer (b) and (c) below.
3a
 
 
b
Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.
3b
 
 
c
Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.
3c
 
 
4a
Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked 11a or 11b in Part I, answer (b) and (c) below.
4a
 
 
b
Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations.
4b
 
 
c
Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.
4c
 
 
5a
Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer (b) and (c) below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed; (ii) the reasons for each such action; (iii) the authority under the organization's organizing document authorizing such action; and (iv) how the action was accomplished (such as by amendment to the organizing document).
5a
 
 
b
Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?
5b
 
 
c
Substitutions only. Was the substitution the result of an event beyond the organization's control?
5c
 
 
6
Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (i) its supported organizations, (ii) individuals that are part of the charitable class benefited by one or more of its supported organizations, or (iii) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.
6
 
 
7
Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in section 4958(c)(3)(C)), a family member of a substantial contributor, or a 35% controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990 or 990-EZ) .
7
 
 
8
Did the organization make a loan to a disqualified person (as defined in section 4958) not described in line 7? If “Yes,” complete Part I of Schedule L (Form 990 or 990-EZ).
8
 
 
9a
Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.
9a
 
 
b
Did one or more disqualified persons (as defined in line 9a) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.
9b
 
 
c
Did a disqualified person (as defined in line 9a) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.
9c
 
 
10a
Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer line 10b below.
10a
 
 
b
Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).
10b
 
 
Schedule A (Form 990 or 990-EZ) 2015

Schedule A (Form 990 or 990-EZ) 2015
Page 5
Part IV
Supporting Organizations (continued)
Yes
No
11
Has the organization accepted a gift or contribution from any of the following persons?
a
A person who directly or indirectly controls, either alone or together with persons described in (b) and (c) below, the governing body of a supported organization?
11a
 
 
b
A family member of a person described in (a) above?
11b
 
 
c
A 35% controlled entity of a person described in (a) or (b) above? If “Yes” to a, b, or c, provide detail in Part VI.
11c
 
 
Section B. Type I Supporting Organizations
Yes
No
1
Did the directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.
1
 
 
2
Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.
2
 
 
Section C. Type II Supporting Organizations
Yes
No
1
Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).
1
 
 
Section D. All Type III Supporting Organizations
Yes
No
1
Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (i) a written notice describing the type and amount of support provided during the prior tax year, (ii) a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?
1
 
 
2
Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).
2
 
 
3
By reason of the relationship described in (2), did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.
3
 
 
Section E. Type III Functionally-Integrated Supporting Organizations
1
Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):
a
b
c
2
Activities Test. Answer (a) and (b) below.
Yes
No
a
Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.
2a
 
 
b
Did the activities described in (a) constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.
2b
 
 
3
Parent of Supported Organizations. Answer (a) and (b) below.
a
Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations? Provide details in Part VI.
3a
 
 
b
Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI. the role played by the organization in this regard.
3b
 
 
Schedule A (Form 990 or 990-EZ) 2015

Schedule A (Form 990 or 990-EZ) 2015
Page 6
Part V
Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations
1
Section A - Adjusted Net Income (A) Prior Year (B) Current Year
(optional)
1 Net short-term capital gain 1    
2 Recoveries of prior-year distributions 2    
3 Other gross income (see instructions) 3    
4 Add lines 1 through 3 4    
5 Depreciation and depletion 5    
6 Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) 6    
7 Other expenses (see instructions) 7    
8 Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) 8    

Section B - Minimum Asset Amount (A) Prior Year (B) Current Year
(optional)
1 Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): 1
a Average monthly value of securities 1a    
b Average monthly cash balances 1b    
c Fair market value of other non-exempt-use assets 1c    
d Total (add lines 1a, 1b, and 1c) 1d    
e Discount claimed for blockage or other factors
(explain in detail in Part VI):  
2 Acquisition indebtedness applicable to non-exempt use assets 2    
3 Subtract line 2 from line 1d 3    
4 Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions). 4    
5 Net value of non-exempt-use assets (subtract line 4 from line 3) 5    
6 Multiply line 5 by .035 6    
7 Recoveries of prior-year distributions 7    
8 Minimum Asset Amount (add line 7 to line 6) 8    

Section C - Distributable Amount Current Year
1 Adjusted net income for prior year (from Section A, line 8, Column A) 1  
2 Enter 85% of line 1 2  
3 Minimum asset amount for prior year (from Section B, line 8, Column A) 3  
4 Enter greater of line 2 or line 3 4  
5 Income tax imposed in prior year 5  
6 Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) 6  
7
Schedule A (Form 990 or 990-EZ) 2015

Schedule A (Form 990 or 990-EZ) 2015
Page 7
Part V
Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations (continued)
Section D - Distributions Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes  
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in
excess of income from activity		  
3 Administrative expenses paid to accomplish exempt purposes of supported organizations  
4 Amounts paid to acquire exempt-use assets  
5 Qualified set-aside amounts (prior IRS approval required)  
6 Other distributions (describe in Part VI). See instructions  
7Total annual distributions. Add lines 1 through 6.  
8 Distributions to attentive supported organizations to which the organization is responsive (provide
details in Part VI). See instructions		  
9 Distributable amount for 2015 from Section C, line 6  
10 Line 8 amount divided by Line 9 amount  

Section E - Distribution Allocations (see instructions) (i)
Excess Distributions 		(ii)
Underdistributions
Pre-2015 		(iii)
Distributable
Amount for 2015
1 Distributable amount for 2015 from Section C, line
6 		 
2 Underdistributions, if any, for years prior to 2015
(reasonable cause required--see instructions)		  
3 Excess distributions carryover, if any, to 2015:
a
b
c
d From 2013.......  
e From 2014.......  
fTotal of lines 3a through e  
g Applied to underdistributions of prior years  
h Applied to 2015 distributable amount  
i Carryover from 2010 not applied (see
instructions)
j Remainder. Subtract lines 3g, 3h, and 3i from 3f.  
4Distributions for 2015 from Section D, line 7:
$  
a Applied to underdistributions of prior years  
b Applied to 2015 distributable amount  
c Remainder. Subtract lines 4a and 4b from 4.  
5 Remaining underdistributions for years prior to
2015, if any. Subtract lines 3g and 4a from line 2
(if amount greater than zero, see instructions)		  
6 Remaining underdistributions for 2015. Subtract
lines 3h and 4b from line 1 (if amount greater than
zero, see instructions)		  
7 Excess distributions carryover to 2016. Add lines
3j and 4c.		  
8 Breakdown of line 7:
a
b
c Excess from 2013.......  
d From 2014.......  
e From 2015.......  
Schedule A (Form 990 or 990-EZ) (2015)

Schedule A (Form 990 or 990-EZ) 2015
Page 8
Part VI
Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
 
Return Reference Explanation
Part II Icahn School of Medicine Mount Sinai (ISMMS)s IRS exemption determination letter classified ISMMS as a school described in sections 509(a)(1) and 170(b)(1)(A)(ii) of the Internal Revenue Code. ISMMS has continued to operate as a school, and accordingly has checked the box in Schedule A, Part I line 2. However, ISMMS has completed Schedule A Part II to demonstrate that it also meets the 33-1/3% support test under sections 509(a)(1) and 170(b)(1)(A)(vi), and therefore qualifies to use the special rule on Schedule B, Schedule of Contributors.
Schedule A (Form 990 or 990-EZ) 2015


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.
Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2015
Name of the organization
ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI
 
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 its Form 990PF, Part I, line 2, 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) (2015)
Schedule B (Form 990, 990-EZ, or 990-PF) (2015) Page 2
Name of organization
ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI
  		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


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

   
 
 

$  


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

   
 
 

$  


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

   
 
 

$  


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

   
 
 

$  


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

   
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
Page 3
Name of organization
ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI
  		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) (2015)
Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
Page 4
Name of organization
ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI
  		Employer identification number

13-6171197
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. 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) (2015)

Additional Data


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

Department of the Treasury
Internal Revenue Service
Political Campaign and Lobbying Activities

For Organizations Exempt From Income Tax Under section 501(c) and section 527
SchCMd Bullet Complete if the organization is described below. SchCMd Bullet Attach to Form 990 or Form 990-EZ.
SchCMd BulletInformation about Schedule C (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2015
Open to Public
Inspection
If the organization answered "Yes" on Form 990, Part IV, Line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then
Round Bullet Section 501(c)(3) organizations: Complete Parts I-A and B. Do not complete Part I-C.
Round Bullet Section 501(c) (other than section 501(c)(3)) organizations: Complete Parts I-A and C below. Do not complete Part I-B.
Round Bullet Section 527 organizations: Complete Part I-A only.
If the organization answered "Yes" on Form 990, Part IV, Line 4, or Form 990-EZ, Part VI, line 47 (Lobbying Activities), then
Round Bullet Section 501(c)(3) organizations that have filed Form 5768 (election under section 501(h)): Complete Part II-A. Do not complete Part II-B.
Round Bullet Section 501(c)(3) organizations that have NOT filed Form 5768 (election under section 501(h)): Complete Part II-B. Do not complete Part II-A.
If the organization answered "Yes" on Form 990, Part IV, Line 5 (Proxy Tax) (see separate instructions) or Form 990-EZ, Part V, line 35c (Proxy Tax) (see separate instructions), then
Round Bullet Section 501(c)(4), (5), or (6) organizations: Complete Part III.
Name of the organization
ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI
 
Employer identification number

13-6171197
Part I-A
Complete if the organization is exempt under section 501(c) or is a section 527 organization.

1
Provide a description of the organization’s direct and indirect political campaign activities in Part IV.
2
Political expenditures ......................................................................................................................SchCMd Bullet
$  
3
Volunteer hours .............................................................................................................................
 

Part I-B
Complete if the organization is exempt under section 501(c)(3).
1
Enter the amount of any excise tax incurred by the organization under section 4955 ................................SchCMd Bullet
$  
2
Enter the amount of any excise tax incurred by organization managers under section 4955 .......................SchCMd Bullet
$  
3
If the organization incurred a section 4955 tax, did it file Form 4720 for this year? .........................................
4a
Was a correction made? ......................................................................................................................
b
If "Yes," describe in Part IV.
Part I-C
Complete if the organization is exempt under section 501(c), except section 501(c)(3).
1
Enter the amount directly expended by the filing organization for section 527 exempt function activities ..... SchCMd Bullet
$  
2
Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt function activities ............................................................................................................................SchCMd Bullet

$  
3
Total exempt function expenditures. Add lines 1 and 2. Enter here and on Form 1120-POL, line 17b...........SchCMd Bullet

$  
4
Did the filing organization file Form 1120-POL for this year? ...................................................................
5
Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filing
organization made payments. For each organization listed, enter the amount paid from the filing organization’s funds. Also enter the amount of political contributions received that were promptly and directly delivered to a separate political organization, such as a separate segregated fund or a political action committee (PAC). If additional space is needed, provide information in Part IV.
(a) Name (b) Address (c) EIN (d) Amount paid from filing organization's funds. If none, enter -0-. (e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.
1
2
3
4
5
6
For Paperwork Reduction Act Notice, see the instructions for Form 990 or 990-EZ.
Cat. No. 50084S
Schedule C (Form 990 or 990-EZ) 2015

Schedule C (Form 990 or 990-EZ) 2015
Page 2
Part II-A
Complete if the organization is exempt under section 501(c)(3) and filed Form 5768 (election under section 501(h)).
A Check SchCMd Bulletexpenses, and share of excess lobbying expenditures).
B Check SchCMd Bullet
Limits on Lobbying Expenditures
(The term "expenditures" means amounts paid or incurred.) 		(a) Filing
organization's
totals 		(b) Affiliated group totals
1a Total lobbying expenditures to influence public opinion (grass roots lobbying) ...............................................    
b Total lobbying expenditures to influence a legislative body (direct lobbying) ...........................................    
c Total lobbying expenditures (add lines 1a and 1b) .......................................................................    
d Other exempt purpose expenditures .........................................................................................    
e Total exempt purpose expenditures (add lines 1c and 1d) ....................................................................    
f Lobbying nontaxable amount. Enter the amount from the following table in both
columns.		    
If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:
Not over $500,00020% of the amount on line 1e.
Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.
Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.
Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.
Over $17,000,000$1,000,000.
g Grassroots nontaxable amount (enter 25% of line 1f) ..........................................................................    
h Subtract line 1g from line 1a. If zero or less, enter -0-. ..........................................................................    
i Subtract line 1f from line 1c. If zero or less, enter -0-. ...........................................................................    
j If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting
section 4911 tax for this year? ..............................................................................................................

4-Year Averaging Period Under section 501(h)
(Some organizations that made a section 501(h) election do not have to complete all of the five
columns below. See the separate instructions for lines 2a through 2f.)
Lobbying Expenditures During 4-Year Averaging Period
Calendar year (or fiscal year
beginning in) 		(a) 2012 (b) 2013 (c) 2014 (d) 2015 (e) Total
2a Lobbying nontaxable amount          
b Lobbying ceiling amount
(150% of line 2a, column(e)) 		 
c Total lobbying expenditures          
d Grassroots nontaxable amount          
e Grassroots ceiling amount
(150% of line 2d, column (e))		  
f Grassroots lobbying expenditures          
Schedule C (Form 990 or 990-EZ) 2015


Schedule C (Form 990 or 990-EZ) 2015
Page 3
Part II-B
Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768 (election under section 501(h)).
For each "Yes" response on lines 1a through 1i below, provide in Part IV a detailed description of the lobbying activity.
(a)
No
Yes
(b)
Amount
1
During the year, did the filing organization attempt to influence foreign, national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of:
a
Volunteers? ...........................................................................................................
 
No
b
Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ........
 
No
c
Media advertisements? ...................................................................................................
 
No
 
d
Mailings to members, legislators, or the public? .............................................................................
 
No
 
e
Publications, or published or broadcast statements? ...........................................................
 
No
 
f
Grants to other organizations for lobbying purposes? ..........................................................
 
No
 
g
Direct contact with legislators, their staffs, government officials, or a legislative body? .......................
 
No
 
h
Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ..................
 
No
 
i
Other activities? ...................................................................................................................
Yes
 
431
j
Total. Add lines 1c through 1i ....................................................................................................
431
2a
Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....
 
No
b
If "Yes," enter the amount of any tax incurred under section 4912 ...........................................
 
c
If "Yes," enter the amount of any tax incurred by organization managers under section 4912 ...................
 
d
If the filing organization incurred a section 4912 tax, did it file Form 4720 for this year? ........................
 
 
Part III-A
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6).
Yes
No
1
Were substantially all (90% or more) dues received nondeductible by members? ...............................................
1
 
 
2
Did the organization make only in-house lobbying expenditures of $2,000 or less? ............................................
2
 
 
3
Did the organization agree to carry over lobbying and political expenditures from the prior year? .................................
3
 
 
Part III-B
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6) and if either (a) BOTH Part III-A, lines 1 and 2, are answered "No" OR (b) Part III-A, line 3, is answered “Yes."
1
Dues, assessments and similar amounts from members ......................................................................
1
 
2
Section 162(e) nondeductible lobbying and political expenditures (do not include amounts of political expenses for which the section 527(f) tax was paid).
a
Current year .............................................................................................................................
2a
 
b
Carryover from last year ............................................................................................................
2b
 
c
Total ...........................................................................................................................................
2c
 
3
Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues .
3
 
4
If notices were sent and the amount on line 2c exceeds the amount on line 3, what portion of the excess does the organization agree to carryover to the reasonable estimate of nondeductible lobbying and political expenditure next year? ......................................................................................................................
4
 
5
Taxable amount of lobbying and political expenditures (see instructions) .........................................
5
 
Part IV
Supplemental Information
Provide the descriptions required for Part l-A, line 1; Part l-B, line 4; Part l-C, line 5; Part II-A (affiliated group list); Part II-A, lines 1 and 2 (see instructions), and Part ll-B, line 1. Also, complete this part for any additional information.
Return Reference Explanation
PART II-B, LINE 1I - OTHER ACTIVITIES ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI PAYS DUES TO A SECTION 501(C)4 ORGANIZATION, CLINICAL RESARCH FORUM, INC. APPROXIMATELY 4.9% OF THE DUES PAID IN 2015 WERE USED TOWARD LOBBYING ACTIVITIES.
Schedule C (Form 990 or 990EZ) 2015


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," on 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.
Information about Schedule D (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2015
Open to Public Inspection
Name of the organization
ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI
 
Employer identification number

13-6171197
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year ....    
2 Aggregate value of contributions to (during year)    
3 Aggregate value of 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" on 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, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet  
7
Amount of expenses incurred in monitoring, inspecting, handling of violations, 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 section 170(h)(4)(B)(ii)? .............................
9
In Part XIII, 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" on 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 XIII, 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)
Revenue included on 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
Revenue included on Form 990, Part VIII, line 1 ..........................SchDMd Bullet $  
b
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 52283D
Schedule D (Form 990) 2015

Schedule D (Form 990) 2015
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s acquisition, 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 XIII.
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" on 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 XIII 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, for escrow or custodial account liability?
b
If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ........
Part V
Endowment Funds. Complete if the organization answered "Yes" on 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 .... 623,664,864 612,958,108 531,670,431 476,445,598 480,789,605
b Contributions ... 143,208 11,727,999 16,307,076 19,459,396 14,869,779
c Net investment earnings, gains, and losses 2,930,494 29,204,522 90,095,177 57,234,168 -1,660,557
d Grants or scholarships ... 4,218,400 3,885,433 3,353,876 3,169,636 3,292,010
e Other expenditures for facilities
and programs ... 		27,004,140 26,340,332 21,760,700 18,299,095 14,261,219
f Administrative expenses .... 0 0 0 0 0
g End of year balance ...... 595,516,026 623,664,864 612,958,108 531,670,431 476,445,598
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment SchDMd Bullet26.000 %
b
Permanent endowment SchDMd Bullet67.000 %
c
Temporarily restricted endowment SchDMd Bullet7.000 %
The percentages on 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" on 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
Yes
 
4
Describe in Part XIII the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11a. 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   1,087,505,744 292,406,370 795,099,374
c Leasehold improvements   171,990,684 171,990,684 0
d Equipment ...   380,075,353 287,568,693 92,506,660
e Other ...   63,492,198   63,492,198
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..SchDMdBullet 962,110,129
Schedule D (Form 990) 2015

Schedule D (Form 990) 2015
Page 3
Part VII
Investments—Other Securities. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11b. 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    
(3)Other
(A) 457B PLAN 		42,111,750 F

(B) 8 EAST 102ND STREET 		-23,166,403 F

(C) POOLED INVESTMENTS 		659,260,843 F

(D) ASSETS LIMITED AS TO USE 		92,043,451 F
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)Small Bullet 770,249,641
Part VIII
Investments—Program Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.
(a) Description of investment (b) Book value (c) Method of valuation:
Cost or end-of-year market value
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)Small Bullet  
Part IX
Other Assets. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.
(a) Description (b) Book value
(1) OTHER ASSETS 7,323,210
(2) DUE FROM MRO 29,632,554
(3) INSURANCE CLAIMS 152,418,400
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........Small Bullet 189,374,164
Part X
Other Liabilities. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.
1.(a) Description of liability (b) Book value
(1) Federal income taxes 0
ACCRUED INTEREST PAYABLE 11,404,866
FEDERAL LOAN CAPITAL ADVANCES 4,746,766
EMPLOYEE RELOCATION LOANS 63,916,451
POST RETIREMENT HLTH BENF OBLI 12,260,277
DUE TO RELATED ORGS NET 201,535,068
INSURANCE CLAIMS 152,418,400
457B PLAN 42,111,750
DUE TO NYCH&H CORP. 2,064,417
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)Small Bullet 490,457,995
2. Liability for uncertain tax positions. In Part XIII, 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 (ASC 740). Check here if the text of the footnote has been provided in Part XIII
Schedule D (Form 990) 2015

Schedule D (Form 990) 2015
Page 4
Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1 Total revenue, gains, and other support per audited financial statements ....... 1  
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains (losses) on investments .... 2a  
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIII.) ............ 2d  
e Add lines 2a through 2d ..................... 2e  
3 Subtract line 2e from line 1.................. 3  
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  
b Other (Describe in Part XIII.) ........... 4b  
c Add lines 4a and 4b.................... 4c  
5 Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5  
Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1 Total expenses and losses per audited financial statements ........... 1  
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 XIII.) ............ 2d  
e Add lines 2a through 2d.................... 2e  
3 Subtract line 2e from line 1................... 3  
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  
b Other (Describe in Part XIII.) ............ 4b  
c Add lines 4a and 4b..................... 4c  
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5  

Part XIII
Supplemental Information
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, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.
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 THE MOUNT SINAI MEDICAL CENTER POOLED INVESTMENT POLICY.
Schedule D (Form 990) 2015


Additional Data


Software ID:  
Software Version:  




SCHEDULE E(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Schools

Right pointing arrow large imageComplete if the organization answered "Yes" on 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.
Right pointing arrow large image Information about Schedule E (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047 2015Open to Public Inspection
Name of the organization
ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI
 
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 or Form 990-EZ.
Cat. No. 50085D
Schedule E (Form 990 or 990-EZ) (2015)
Schedule E (Form 990 or 990EZ) (2015)
Page 2
Part II
Supplemental Information. Provide the explanations required by Part I, lines 3, 4d, 5h, 6b, and 7, as applicable. Also provide
any other additional information (see instructions).
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) (2015)
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.Right pointing arrow large image Information about Schedule F (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2015
Open to Public Inspection
Name of the organization
ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI
 
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. (The following Part I, line 3 table can be duplicated if additional space is needed.)
(a) Region (b) Number of offices in the region (c) Number of employees, agents, and independent contractors in region (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 and investments
in region
East Asia and the Pacific 0 0 Program Services CLINICAL 97,197
Europe (Including Iceland and Greenland) 0 0 Program Services CLINICAL 169,308
North America 0 0 Program Services CLINICAL 46,964
Middle East and North Africa 0 0 Program Services CLINICAL 750
Europe (Including Iceland and Greenland) 0 0 Grantmaking INDIV. ASSISTANCE 72,182
North America 0 0 Grantmaking INDIV. ASSISTANCE 1,000
South America 0 0 Grantmaking INDIV. ASSISTANCE 2,000
           
           
           
           
           
           
           
           
           
           
3a Sub-total ..... 0 0 389,401
b Total from continuation sheets to Part I ...      
c Totals (add lines 3a and 3b) 0 0 389,401
For Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2015
Schedule F (Form 990) 2015
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. Part II can be duplicated if additional space is needed.
1 (a) Name of organization (b) IRS code section
and EIN (if applicable)		 (a)(c) Region (b)(d) Purpose of
grant 		(e) Amount of
cash grant 		(f) Manner of
cash
disbursement 		(g) Amount
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) 2015
Schedule F (Form 990) 2015Page 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.
Part III can be duplicated 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)
HONORARIUM EUROPE Europe (Including Iceland and Greenland) 5 4,500 CHECK      
HONORARIUM NORTH AMERICA North America 1 1,000 CHECK      
HONORARIUM SOUTH AMERICA South America 4 2,000 CHECK      
STIPENDS EUROPE Europe (Including Iceland and Greenland) 33 67,682 CHECK      
               
               
               
               
               
               
               
               
               
               
               
               
               
               
Schedule F (Form 990) 2015
Schedule F (Form 990) 2015
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, Return by a U.S. Transferor of Property to a Foreign Corporation (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 separately file Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts, and/or Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Owner (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, Information 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 separately file Form 5713, International Boycott Report (see Instructions for Form 5713).. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Schedule F (Form 990) 2015
Schedule F (Form 990) 2015
Page 5
Part V
Supplemental Information
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).
ReturnReference Explanation
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
Schedule F (Form 990) 2015
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" on 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 arrowInformation about Schedule G (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2015
Open to Public Inspection
Name of the organization
ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI
 
Employer identification number

13-6171197
Part I
Fundraising Activities. Complete if the organization answered "Yes" on Form 990, Part IV, line 17.
Form 990-EZ filers are not required to complete this part.
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.


(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 contributions or has been notified it is exempt from registration or licensing.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 50083H
Schedule G (Form 990 or 990-EZ) 2015
Schedule G (Form 990 or 990-EZ) 2015
Page 2
Part II
Fundraising Events. Complete if the organization answered "Yes" on Form 990, Part IV, line 18, or reported more than $15,000 of fundraising event contributions and gross income on Form 990-EZ, lines 1 and 6b. List events with gross receipts greater than $5,000.




VerticalRevenue
(a) Event #1

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

DUBIN HTH GAL
(event type) 		(c) Other events

6
(total number) 		(d) Total events
(add col. (a) through col. (c))

1
Gross receipts . . . . .
2,869,250
2,187,863
2,072,920
7,130,033

2
Less: Contributions . . . .
2,597,450
2,053,388
1,877,210
6,528,048
3 Gross income (line 1 minus
line 2) . . . . . .
271,800
134,475
195,710
601,985



VerticalDirectExpenses
4 Cash prizes . . . . .        
5 Noncash prizes . . . .        
6 Rent/facility costs . . . . 338,500 18,600 109,086 466,186
7 Food and beverages . . . 131,546 132,618 151,512 415,676
8 Entertainment . . . . 1,560 10,418 106,021 117,999
9 Other direct expenses . . . 322,109 282,713 295,979 900,801
10 Direct expense summary. Add lines 4 through 9 in column (d) . . . . . . . . . . right arrow 1,900,662
11 Net income summary. Subtract line 10 from line 3, column (d). . . . . . . . . . right arrow -1,298,677
Part III
Gaming. Complete if the organization answered "Yes" on 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
Noncash prizes . . . .
 
 
 
 

4
Rent/facility costs . . . .
 
 
 
 

5
Other direct expenses . . .
322,109
282,713
295,979
900,801


6

Volunteer labor . . . .
%
%
%


7
Direct expense summary. Add lines 2 through 5 in column (d) . . . . . . . . . . right arrow
 

8
Net gaming income summary. Subtract line 7 from line 1, column (d). . . . . . . . . right arrow
 

9
Enter the state(s) in which the organization conducts gaming activities:
a
Is the organization licensed to conduct 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:
 
Schedule G (Form 990 or 990-EZ) 2015
Schedule G (Form 990 or 990-EZ) 2015
Page 3
11
Does the organization conduct 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? . . . . . . . . . . . . . . . . .
13
Indicate the percentage of gaming activity conducted in:
a
The organization's facility . . . . . . . . . . . . . . . . . .
13a
%
b
An outside facility . . . . . . . . . . . . . . . . . . . .
13b
%
14
Enter 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 of the third party:
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
Supplemental Information. Provide the explanations required by Part I, line 2b, columns (iii) and (v); and Part III, lines 9, 9b, 10b, 15b, 15c, 16, and 17b, as applicable. Also complete this part to provide any additional information (see instructions).
Return Reference Explanation
Schedule G (Form 990 or 990-EZ) 2015
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," on Form 990, Part IV, line 21 or 22.
lBullet Attach to Form 990.
lBullet Information about Schedule I (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2015
Open to Public
Inspection
Name of the organization
ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI
 
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 Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" on Form 990, Part IV, line 21, for any recipient
that received more than $5,000. Part II can be duplicated if additional space is needed.
(a) Name and address of organization
or government		 (b) EIN (c) IRC 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
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
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 Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) 2015

Schedule I (Form 990) 2015
Page 2
Part III
Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" on Form 990, Part IV, line 22.
Part III can be duplicated 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) HONORARIUMS 128 146,990      
(2) STIPENDS 202 222,280      
(3) SCHOLARSHIPS 237 4,218,400      
(3)
(4)
(5)
(6)
(7)
Part IV
Supplemental Information. Provide the information required in Part I, line 2, Part III, column (b), and any other additional information.
Return Reference Explanation
Part I, Line 2 ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI 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) 2015



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" on Form 990, Part IV, line 23.
SchJMediumBullet Attach to Form 990.
SchJMediumBullet Information about Schedule J (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2015
Open to Public Inspection
Name of the organization
ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI
 
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 on 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 of the expenses described above? If "No," complete Part III to explain .........
1b
 
 
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked in line 1a? ..
2
 
 
3
Indicate which, if any, of the following the filing organization used 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 on 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
Yes
 
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........
4b
Yes
 
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), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.
5
For persons listed on 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," on line 5a or 5b, describe in Part III.
6
For persons listed on 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," on line 6a or 6b, describe in Part III.
7
For persons listed on 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 on 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" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
 
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) 2015

Schedule J (Form 990) 2015
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 on 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 (E) amounts for that individual.
(A) Name and Title (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 in column(B) reported as deferred on prior Form 990
(i) Base compensation (ii) Bonus & incentive compensation (iii) Other reportable compensation
1Kenneth L Davis MDChief Executive Officer (i)

(ii)		 832,320
-------------
1,567,680 		0
-------------
0 		583,950
-------------
1,099,874 		728,800
-------------
1,372,700 		12,981
-------------
24,450 		2,158,051
-------------
4,064,704 		0
-------------
0
2Dennis Charney MD 1DEAN (i)

(ii)		 800,000
-------------
200,000 		320,000
-------------
80,000 		313,952
-------------
78,488 		21,200
-------------
5,300 		15,382
-------------
3,845 		1,470,534
-------------
367,633 		0
-------------
0
3michael macdonald 2former officer (i)

(ii)		 410,910
-------------
410,910 		0
-------------
0 		0
-------------
0 		0
-------------
0 		0
-------------
0 		410,910
-------------
410,910 		0
-------------
0
4donald t scanlonEVP, FINANCE/CHIEF CORP. SRVCS (i)

(ii)		 275,731
-------------
754,269 		90,750
-------------
248,250 		94,238
-------------
257,791 		7,094
-------------
19,406 		8,423
-------------
23,041 		476,236
-------------
1,302,757 		0
-------------
0
5jeffrey silbersteinEVP, CHIEF OPERATING OFFICER (i)

(ii)		 183,107
-------------
500,893 		58,988
-------------
161,362 		21,457
-------------
58,693 		7,094
-------------
19,406 		8,709
-------------
23,824 		279,355
-------------
764,178 		0
-------------
0
6stephen harveySVP, CHIEF FINANCIAL OFFICER (i)

(ii)		 456,000
-------------
0 		139,668
-------------
0 		60,912
-------------
0 		26,500
-------------
0 		45,017
-------------
0 		728,097
-------------
0 		0
-------------
0
7elana abraham 23former officer (i)

(ii)		 0
-------------
249,242 		0
-------------
0 		0
-------------
2,003 		0
-------------
20,532 		0
-------------
30,018 		0
-------------
301,795 		0
-------------
0
8Samin Sharma MDPROFESSOR (i)

(ii)		 212,532
-------------
0 		150,000
-------------
0 		4,278,731
-------------
0 		21,253
-------------
0 		21,372
-------------
0 		4,683,888
-------------
0 		0
-------------
0
9Andrew Hecht MDASSISTANT PROFESSOR (i)

(ii)		 165,699
-------------
0 		0
-------------
0 		10,860,071
-------------
0 		16,569
-------------
0 		33,714
-------------
0 		11,076,053
-------------
0 		0
-------------
0
10frank cinoSVP, SYSTEM CRO (i)

(ii)		 72,457
-------------
312,543 		20,081
-------------
86,619 		2,175
-------------
9,383 		3,990
-------------
17,210 		5,713
-------------
24,641 		104,416
-------------
450,396 		0
-------------
0
11jane whitney 2former officer (i)

(ii)		 0
-------------
203,547 		0
-------------
  		0
-------------
791 		0
-------------
  		0
-------------
13,270 		0
-------------
217,608 		0
-------------
 
12margaret pastuszkoEVP, SYSTEM CSIO (i)

(ii)		 189,126
-------------
474,474 		81,054
-------------
203,346 		2,573
-------------
6,455 		6,042
-------------
15,158 		11,585
-------------
29,063 		290,380
-------------
728,496 		0
-------------
0
13KUMAR CHATANIEVP, SYSTEM CIO (i)

(ii)		 67,500
-------------
382,500 		17,798
-------------
100,853 		24,224
-------------
137,269 		3,975
-------------
22,525 		3,123
-------------
17,695 		116,620
-------------
660,842 		0
-------------
0
14SHEERAZ QURESHI MDASSOCIATE PROFESSOR (i)

(ii)		 144,986
-------------
0 		0
-------------
0 		5,019,236
-------------
0 		14,498
-------------
0 		26,080
-------------
0 		5,204,800
-------------
0 		0
-------------
0
15DAVID ADAMS MDCHAIRMAN (i)

(ii)		 212,097
-------------
0 		729,991
-------------
0 		4,596,626
-------------
0 		21,209
-------------
0 		28,233
-------------
0 		5,588,156
-------------
0 		0
-------------
0
16JEREMY BOAL MDEVP, SYSTEM CMO (i)

(ii)		 0
-------------
774,996 		0
-------------
305,000 		0
-------------
80,882 		0
-------------
26,500 		0
-------------
31,438 		0
-------------
1,218,816 		0
-------------
0
17BETH ESSIG ESQEVP, GENERAL COUNSEL (i)

(ii)		 216,778
-------------
686,088 		13,023
-------------
41,217 		2,013
-------------
6,371 		5,345
-------------
16,915 		168
-------------
533 		237,327
-------------
751,124 		0
-------------
0
18ARTHUR KLEIN MDEVP, PRES OF HEALTH NETWORK (i)

(ii)		 0
-------------
850,000 		0
-------------
390,000 		0
-------------
65,255 		0
-------------
26,500 		0
-------------
12,123 		0
-------------
1,343,878 		0
-------------
0
19arthur jenkins iii mdASSOCIATE PROFESSOR (i)

(ii)		 186,864
-------------
0 		0
-------------
0 		4,248,992
-------------
0 		18,686
-------------
0 		30,796
-------------
0 		4,485,338
-------------
0 		0
-------------
0
20BURTON DRAYER MDEVP, CEO MS DOCTORS FPA (i)

(ii)		 225,000
-------------
75,000 		55,935
-------------
18,645 		757,335
-------------
252,445 		19,875
-------------
6,625 		12,268
-------------
4,090 		1,070,413
-------------
356,805 		0
-------------
0
Schedule J (Form 990) 2015

Schedule J (Form 990) 2015
Page 3
Part III
Supplemental Information
Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.
Return Reference Explanation
Part VII, Section A & Schedule J Compensation Footnotes Officers of the Boards of Trustees hours reflect service to all related organizations of MOUNT SINAI HEALTH SYSTEM, INC. (1) Employee has an outstanding loan reflected in Schedule L, Part II of Icahn School of Medicine at Mount Sinai Form 990. (2) Compensation is attributed to current services as a Non-Officer. (3) Compensation and benefits are funded from The Mount Sinai Hospital. (4) Compensation, benefits and hours reflect total amounts for services performed for this position and all other responsibilities. Note: In determining the five highest paid employees of Icahn School of Medicine at Mount Sinai, royalty payments received by employees of Icahn School of Medicine at Mount Sinai in connection with inventions have not been taken into account. Schedule J Part 1 Line 4B The Chief Executive Officer is the sole participant in the organization's first and only supplemental executive retirement plan ("SERP") and earned unvested benefits of $2,075,000 during the initial partial year in 2015 which are reported on Schedule J Part II Col C. Benefits earned under the SERP are nonvested forms of deferred compensation that fund the employee's eventual retirement benefit. These benefits are provided in exchange for all the employee's years of service to the organization. The amounts are at risk and will not be paid unless and until the employee has provided substantial future services to the organization. Benefits under the SERP vest if the employee remains employed at the organization through January 1, 2018 and are forfeited on a pro rated basis if the employee is terminated for cause or by reason of death or disability by the organization or if the employee leaves the organization voluntarily prior to January 1, 2018.
SCHEDULE J, PART I, LINE 4A SEVERANCE PAYMENTS MICHAEL MACDONALD $821,820 JANE WHITNEY $204,338
Schedule J (Form 990) 2015
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.
SchKMediumBulletInformation about Schedule K (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2015
Open to Public
Inspection
Name of the organization
ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI
 
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 64990BQK2 08-20-2015 560,835,513 REFUND '07&'09 BONDS, CAPITAL PROJ   X   X   X
B 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
C DORMITORY AUTHORITY OF THE STATE OF NEW YORK
  		14-6000923 999999999 12-20-2012 27,609,791 TELP-FINANCE RESEARCH AND CLINICAL   X   X   X
Part II
Proceeds
A B C D
1 Amount of bonds retired .................. 0 34,760,000 0  
2 Amount of bonds legally defeased .............. 0 0 0  
3 Total proceeds of issue .................. 560,847,693 103,566,283 27,609,791  
4 Gross proceeds in reserve funds ............. 0 0 0  
5 Capitalized interest from proceeds ............. 0 0 0  
6 Proceeds in refunding escrows ............... 0 0 0  
7 Issuance costs from proceeds ............... 3,363,364 1,518,634 129,958  
8 Credit enhancement from proceeds ............. 0 0 0  
9 Working capital expenditures from proceeds ............. 0 0 0  
10 Capital expenditures from proceeds ............. 928,107 0 25,292,991  
11 Other spent proceeds ............. 502,383,016 102,047,649 0  
12 Other unspent proceeds ............. 54,173,206 0 2,186,842  
13 Year of substantial completion ............. 2018 1997 2015
Yes No Yes No Yes No Yes No
14 Were the bonds issued as part of a current refunding issue? ....   X X     X    
15 Were the bonds issued as part of an advance refunding issue? ..... X     X   X    
16 Has the final allocation of proceeds been made? ..........   X X     X    
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? .................. 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    
2 Are there any lease arrangements that may result in private business use of bond-financed property? ...............   X       X    
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50193E
Schedule K (Form 990) 2015

Schedule K (Form 990) 2015
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      
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      
c Are there any research agreements that may result in private business use of bond-financed property? ............. 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      
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 % 0.413 %  
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 0.033 %   0 %  
6 Total of lines 4 and 5 ............. 0.033 %   0.413 %  
7 Does the bond issue meet the private security or payment test? ...   X       X    
8a Has there been a sale or disposition of any of the bond-financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?.............   X       X    
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of. .. 0 %      
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? .............   X       X    
9 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    
Part IV
Arbitrage
A B C D
Yes No Yes No Yes No Yes No
1 Has the issuer filed Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate? ...   X   X   X    
2 If "No" to line 1, did the following apply? ....
a Rebate not due yet? ....... X       X      
b Exception to rebate? ........                
c No rebate due? .........     X          
If "Yes" to line 2c, provide in Part VI the date the rebate
computation was performed ......
3 Is the bond issue a variable rate issue? .....   X   X   X    
4a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?   X   X   X    
b Name of provider .......... 0
  		0
  		0
  		 
 
c Term of hedge .........        
d Was the hedge superintegrated? ......                
e Was the hedge terminated? ........                
Schedule K (Form 990) 2015

Schedule K (Form 990) 2015
Page 3
Part IV
Arbitrage (Continued)
A B C D
Yes No Yes No Yes No Yes No
5a Were gross proceeds invested in a guaranteed investment contract (GIC)?   X   X   X    
b Name of provider .......... 0
  		0
  		0
  		 
 
c Term of GIC .........        
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? ........                
6 Were any gross proceeds invested beyond an available temporary period?   X X   X      
7 Has the organization established written procedures to monitor the requirements of section 148? ...   X   X   X    
Part V
Procedures To Undertake Corrective Action
A B C D
Yes No Yes No Yes No Yes No
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?   X   X   X    
Part VI
Supplemental Information. Provide additional information for responses to questions on Schedule K (see instructions).
Return Reference Explanation
SCHEDULE K - SUPPLEMENTAL INFORMATION BOND A: PART II, LINE 3: THE DIFFERENCE BETWEEN THE TOTAL PROCEEDS OF ISSUE AND ISSUE PRICE ON FORM 8038 IS EARNINGS OF $12,180. PART II, LINE 7: THE DIFFERENCE TO THE AMOUNT REPORTED ON FORM 8038, PART IV, LINE 26 IS UNSPENT ISSUANCE COSTS. PART III, LINE 3A & 3B: ALL MANAGEMENT CONTRACTS ARE COMPLIANT WITH IRS REVENUE PROCEDURE 97-13. PART III, LINE 3C & 3D: ALL RESEARCH AGREEMENTS ARE COMPLIANT WITH IRS REVENUE PROCEDURE 2007-47. PART III, LINE 9: ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI HAS WRITTEN PROCEDURES THAT ENSURE NONQUALIFIED USE IS COMPLIANT WITH REGULATIONS SECTIONS 1.141-12 AND 1.145-2 WITH REGARDS TO RESEARCH ARRANGEMENTS. ISMMS DOES NOT HAVE WRITTEN PROCEDURES ADDRESSING OTHER NONQUALIFIED USE OF WHICH THERE IS NONE; HOWEVER, THE ORGANIZATION HAS DETERMINED TO UNDERTAKE TO DEVISE PROCEDURES TO ENSURE THAT IF ANY BONDS BECOME NONQUALIFIED, THEY WILL BE REMEDIATED IN ACCORDANCE WITH REGULATIONS SECTIONS 1.141-12 AND 1.145-2. PART IV, LINE 7: DASNY, THE BOND ISSUER INDICATED IN PART I (COLUMN A), DIRECTS AND MONITORS INVESTMENTS AND TAKES SOLE RESPONSIBILITY FOR COMPLIANCE WITH THE REQUIREMENTS OF SECTION 148. THE ORGANIZATION DOES NOT DIRECT THE INVESTMENT OF BOND PROCEEDS. PART V: WRITTEN PROCEDURES ARE LIMITED TO THE RESEARCH PROCEDURES CONCERNING ICAHN SCHOOL OF MEDICINE AT MOUNT SINAIS RESEARCH AGREEMENTS. THE ORGANIZATION IS AWARE THAT A VOLUNTARY CLOSING AGREEMENT PROGRAM IS AVAILABLE IF VIOLATIONS, SHOULD THEY OCCUR, OF FEDERAL TAX REQUIREMENTS CANNOT BE CORRECTED THROUGH SELF-REMEDIATION UNDER APPLICABLE REGULATIONS. THE ORGANIZATION HAS DETERMINED TO UNDERTAKE TO DEVISE PROCEDURES TO ENSURE THAT IN THE EVENT FEDERAL TAX VIOLATIONS OCCUR THAT CANNOT BE CORRECTED THROUGH SELF-REMEDIATION, SUCH VIOLATIONS WILL QUALIFY FOR RESOLUTION THROUGH THE VOLUNTARY CLOSING AGREEMENT PROGRAM. BOND B: PART II, LINE 3: THE DIFFERENCE BETWEEN THE TOTAL PROCEEDS OF ISSUE AND ISSUE PRICE ON FORM 8038 IS EARNINGS OF $10,926. PART IV, LINE 2C: THE REBATE COMPUTATION SHOWING THAT NO REBATE WAS DUE FOR THIS BOND WAS LAST PERFORMED ON 12/31/2014. PART IV, LINE 7: DASNY, THE BOND ISSUER INDICATED IN PART I (COLUMN A), DIRECTS AND MONITORS INVESTMENTS AND TAKES SOLE RESPONSIBILITY FOR COMPLIANCE WITH THE REQUIREMENTS OF SECTION 148. THE ORGANIZATION DOES NOT DIRECT THE INVESTMENT OF BOND PROCEEDS. PART V: WRITTEN PROCEDURES ARE LIMITED TO THE RESEARCH PROCEDURES CONCERNING ICAHN SCHOOL OF MEDICINE AT MOUNT SINAIS RESEARCH AGREEMENTS. THE ORGANIZATION IS AWARE THAT A VOLUNTARY CLOSING AGREEMENT PROGRAM IS AVAILABLE IF VIOLATIONS, SHOULD THEY OCCUR, OF FEDERAL TAX REQUIREMENTS CANNOT BE CORRECTED THROUGH SELF-REMEDIATION UNDER APPLICABLE REGULATIONS. THE ORGANIZATION HAS DETERMINED TO UNDERTAKE TO DEVISE PROCEDURES TO ENSURE THAT IN THE EVENT FEDERAL TAX VIOLATIONS OCCUR THAT CANNOT BE CORRECTED THROUGH SELF-REMEDIATION, SUCH VIOLATIONS WILL QUALIFY FOR RESOLUTION THROUGH THE VOLUNTARY CLOSING AGREEMENT PROGRAM. BOND C: PART III, LINE 3A & 3B: ALL MANAGEMENT CONTRACTS ARE COMPLIANT WITH IRS REVENUE PROCEDURE 97-13. PART III, LINE 3C & 3D: ALL RESEARCH AGREEMENTS ARE COMPLIANT WITH IRS REVENUE PROCEDURE 2007-47. PART III, LINE 9: ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI HAS WRITTEN PROCEDURES THAT ENSURE NONQUALIFIED USE IS COMPLIANT WITH REGULATIONS SECTIONS 1.141-12 AND 1.145-2 WITH REGARDS TO RESEARCH ARRANGEMENTS. ISMMS DOES NOT HAVE WRITTEN PROCEDURES ADDRESSING OTHER NONQUALIFIED USE OF WHICH THERE IS NONE; HOWEVER, THE ORGANIZATION HAS DETERMINED TO UNDERTAKE TO DEVISE PROCEDURES TO ENSURE THAT IF ANY BONDS BECOME NONQUALIFIED, THEY WILL BE REMEDIATED IN ACCORDANCE WITH REGULATIONS SECTIONS 1.141-12 AND 1.145-2. PART IV, LINE 7: DASNY, THE BOND ISSUER INDICATED IN PART I (COLUMN A), DIRECTS AND MONITORS INVESTMENTS AND TAKES SOLE RESPONSIBILITY FOR COMPLIANCE WITH THE REQUIREMENTS OF SECTION 148. THE ORGANIZATION DOES NOT DIRECT THE INVESTMENT OF BOND PROCEEDS. PART V: WRITTEN PROCEDURES ARE LIMITED TO THE RESEARCH PROCEDURES CONCERNING ICAHN SCHOOL OF MEDICINE AT MOUNT SINAIS RESEARCH AGREEMENTS. THE ORGANIZATION IS AWARE THAT A VOLUNTARY CLOSING AGREEMENT PROGRAM IS AVAILABLE IF VIOLATIONS, SHOULD THEY OCCUR, OF FEDERAL TAX REQUIREMENTS CANNOT BE CORRECTED THROUGH SELF-REMEDIATION UNDER APPLICABLE REGULATIONS. THE ORGANIZATION HAS DETERMINED TO UNDERTAKE TO DEVISE PROCEDURES TO ENSURE THAT IN THE EVENT FEDERAL TAX VIOLATIONS OCCUR THAT CANNOT BE CORRECTED THROUGH SELF-REMEDIATION, SUCH VIOLATIONS WILL QUALIFY FOR RESOLUTION THROUGH THE VOLUNTARY CLOSING AGREEMENT PROGRAM.
Schedule K (Form 990) 2015

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, line 38a or 40b.
MediumBullet Attach to Form 990 or Form 990-EZ.
MediumBulletInformation about Schedule L (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2015
Open to Public Inspection
Name of the organization
ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI
 
Employer identification number

13-6171197
Part I
Excess Benefit Transactions (section 501(c)(3), section 501(c)(4), and 501(c)(29) 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) Relationship between disqualified person and organization (c) Description of transaction (d) Corrected?
Yes No
2
Enter the amount of tax incurred by 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-EZ, Part V, line 38a, or Form 990, Part IV, line 26; or if the organization reported an amount on Form 990, Part X, line 5, 6, or 22
(a) Name of interested person (b) Relationship with organization (c) Purpose of loan (d) Loan to or from the organization? (e)Original principal amount (f)Balance due (g) In default? (h) Approved by board or committee? (i)Written agreement?
To From Yes No Yes No Yes No
(1) DAVID ADAMS OFFICER MORTGAGE   X 1,000,000 1,000,000   No Yes   Yes  
(2) DENNIS CHARNEY OFFICER MORTGAGE   X 500,000 500,000   No Yes   Yes  
Total ...............Small Bullet $ 1,500,000
Part III
Grants or Assistance Benefiting 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 assistance (d) Type of assistance (e) Purpose of assistance
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 50056A
Schedule L (Form 990 or 990-EZ) 2015
Schedule L (Form 990 or 990-EZ) 2015
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) GARY B DAVIS FAMILY MEMBER OF OFFICER 167,606 SEE PART V   No
(2) ELISSA G FRIEDMAN FAMILY MEMBER OF TRUSTEE 76,291 SEE PART V   No
(3) MARGARET RUTTENBERG FAMILY MEMBER OF TRUSTEE 100,704 SEE PART V   No
(4) JULIA HART FAMILY MEMBER OF TRUSTEE 47,765 SEE PART V   No
(5) IRWIN GRIBETZ FAMILY MEMBER OF TRUSTEE 74,945 SEE PART V   No
(6) ALEX CHARNEY FAMILY MEMBER OF OFFICER 32,684 SEE PART V   No
Part V
Supplemental Information
Provide additional information for responses to questions on Schedule L (see instructions).
Return Reference Explanation
Schedule L, Part IV, Column D BUSINESS TRANSACTIONS INVOLVING INTERESTED PARTIES: NAME OF INTERESTED PERSON: GARY B. DAVIS OFFICER KENNETH DAVIS HAS A FAMILY RELATIONSHIP WITH GARY B. DAVIS WHO IS EMPLOYED BY ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI. NAME OF INTERESTED PERSON: ELISSA G. FRIEDMAN TRUSTEE ROBERT FRIEDMAN HAS A FAMILY RELATIONSHIP WITH ELISSA G. FRIEDMAN WHO IS EMPLOYED BY ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI. NAME OF INTERESTED PERSON: MARGARET RUTTENBERG TRUSTEE ERIC RUTTENBERG HAS A FAMILY RELATIONSHIP WITH MARGARET RUTTENBERG WHO IS EMPLOYED BY ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI. NAME OF INTERESTED PERSON: JULIA HART TRUSTEE STEPHEN SCHWARTZ HAS A FAMILY RELATIONSHIP WITH JULIA HART WHO IS EMPLOYED BY ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI. NAME OF INTERESTED PERSON: IRWIN GRIBETZ TRUSTEE JUDAH GRIBETZ, HAS A FAMILY RELATIONSHIP WITH IRWIN BRIBETZ WHO IS EMPLOYED BY ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI. NAME OF INTERESTED PERSON: ALEX CHARNEY OFFICER DENNIS CHARNEY HAS A FAMILY RELATIONSHIP WITH ALEX CHARNEY WHO IS EMPLOYEED BY ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI.
Schedule L (Form 990 or 990-EZ) 2015


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 organizations answered "Yes" on Form 990, Part IV, lines 29 or 30.
Right pointing arrow large image Attach to Form 990.
Right pointing arrow large imageInformation about Schedule M (Form 990) and its instructions is at www.irs.gov/form990
OMB No. 1545-0047
2015
Open to Public Inspection
Name of the organization
ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI
 
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 6 134,840 RESALE VALUE
2 Art—Historical treasures .        
3 Art—Fractional interests ..        
4 Books and publications .. X 1,400 RESALE VALUE
5 Clothing and household
goods ....... 		X 5,225 RESALE VALUE
6 Cars and other vehicles ..        
7 Boats and planes ....        
8 Intellectual property ...        
9 Securities—Publicly traded . X 110 9,015,307 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 1 174 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 ( TOYS ) X 5 957 RESALE VALUE
26 Other Right pointing arrow large image ( DINING & ENTERTAINMENT ) X 4 9,632 RESALE VALUE
27 Other Right pointing arrow large image ( ELECTRONICS ) X 1 1,300 RESALE VALUE
28 Other Right pointing arrow large image ( FLOWER ) X 2 5,174 RESALE VALUE
Other Right pointing arrow large image ( GIFT BASKET ) X 9 73,367 RESALE VALUE
Other Right pointing arrow large image ( GIFT CERTIFICATE ) X 2 800 RESALE VALUE
Other Right pointing arrow large image ( VACATION ) X 3 1,700 RESALE VALUE
Other Right pointing arrow large image ( ACCESSORIES ) X 1 595 RESALE VALUE
Other Right pointing arrow large image ( LAB EQUIPMENT ) X 1 5,000 RESALE VALUE
Other Right pointing arrow large image ( SPORTS TICKETS ) X 3 5,580 RESALE VALUE
Other Right pointing arrow large image ( EVENTS & PROGRAMS ) X 3 8,084 RESALE VALUE
Other Right pointing arrow large image ( WINE ) X 4 5,336 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 through 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 an amount in column (c) for a type of property for which column (a) is checked,
describe in Part II.
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 51227J
Schedule M (Form 990) (2015)
Schedule M (Form 990) (2015)
Page 2
Part II
Supplemental Information. 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.
Return Reference Explanation
SCHEDULE M, PART I, LINE 9 * 57,500 SHARES OF ESTEE LAUDER VALUED AT $5,000,000 * 5,100 SHARES OF GOLDMAN SACHS VALUED AT $940,573 * 540,000 SHARES OF MORGAN STANLEY GLOBAL VALUED AT $495,242 * 900 SHARES OF SIGMA-ALDRICH VALUED AT $124,614 * 488 SHARES OF PRECISION CASTPARTS VALUED AT $100,626 * 2,044 SHARES OF TWITTER VALUED AT $100,013 * 540,000 SHARES OF MORGAN STANLEY GLOBAL VALUED AT $100,000 * 5,000 SHARES OF INTERXION HLDG VALUED AT $100,000 * 910 SHARES OF ASML HOLDING NV VALUED AT $99,800 * 740 SHARES OF INTERNATIONAL BUSINESS VALUED AT $99,663 * 740 SHARES OF INTERNATIONAL BUSINESS VALUED AT $99,663 * 1,992 SHARES OF NIELSEN VALUED AT $89,979 * 5,277 SHARES OF JPMORGAN LARGE CAP CORE VALUED AT $69,922 * 78 SHARES OF ALPHABET INC VALUED AT $59,830 * 4,000 SHARES OF INTERXION VALUED AT $57,680 * 997 SHARES OF CANTEL MEDICAL CORP VALUED AT $53,808 * 1,000 SHARES OF ATMOS ENERGY CORP VALUED AT $53,204 * 472 SHARES OF FACEBOOK VALUED AT $50,428 * 217 SHARES OF PRECISION CASTPARTS VALUED AT $50,303 * 885 SHARES OF CBS CORPORATION CL B VALUED AT $50,233 * 820 SHARES OF CBS CORPORATION CL B VALUED AT $50,217 * 883 SHARES OF CBS CORPORATION CL B VALUED AT $50,207 * 1,375 SHARES OF ORACLE CORP VALUED AT $50,160 * 1,700 SHARES OF CRAY INC. VALUED AT $50,000 * 4,000 SHARES OF INTERXION VALUED AT $50,000 * 243 SHARES OF GOLDMAN SACHS VALUED AT $48,182 * 990 SHARES OF US BANCORP VALUED AT $42,125 * 600 SHARES OF BRISTOL-MYERS SQUIBB VALUED AT $41,460 * 5,000 SHARES OF INTERXION HLDG VALUED AT $39,200 * 163 SHARES OF PRECISION CASTPARTS VALUED AT $37,785 * 900 SHARES OF YAHOO VALUED AT $29,669 * 240 SHARES OF CORE LABORATORIES VALUED AT $26,400 * 300 SHARES OF EXPRESS SCRIPTS VALUED AT $25,896 * 352 SHARES OF TARGET CORP VALUED AT $25,879 * 110 SHARES OF PRECISION CASTPARTS VALUED AT $25,515 * 110 SHARES OF PRECISION CASTPARTS VALUED AT $25,413 * 993 SHARES OF JOHNSON OUTDOORS INC. VALUED AT $25,123 * 2,297 SHARES OF TECHNOLOGY SELECT VALUED AT $25,066 * 2,297 SHARES OF TECHNOLOGY SELECT VALUED AT $25,066 * 2,297 SHARES OF TECHNOLOGY SELECT VALUED AT $25,066 * 2,297 SHARES OF TECHNOLOGY SELECT VALUED AT $25,066 * 220 SHARES OF MCDONALD'S CORP VALUED AT $25,049 * 922 SHARES OF EMC CORP VALUED AT $25,042 * 335 SHARES OF DUKE ENERGY VALUED AT $25,000 * 463 SHARES OF ROYAL BANK OF CANADA VALUED AT $24,766 * 170 SHARES OF INTERNATIONAL BUSINESS VALUED AT $23,055 * 139 SHARES OF AMGEN, INC. VALUED AT $22,901 * 185 SHARES OF LANCASTER COLONY CORP. VALUED AT $21,081 * 37 SHARES OF TRANSDIGM GROUP INC VALUED AT $15,279 * 262 SHARES OF AMERICAN INTERNATIONAL GROUP VALUED AT $15,104 * 111 SHARES OF INTERNATIONAL BUSINESS VALUED AT $14,949 * 245 SHARES OF HEALTHSOUTH CORP VALUED AT $10,996 * 45 SHARES OF PRECISION CASTPARTS VALUED AT $10,391 * 145 SHARES OF CONSTELLATION BRANDS VALUED AT $10,304 * 145 SHARES OF CONSTELLATION BRANDS VALUED AT $10,304 * 80 SHARES OF AMERIPRISE FINANCIAL INC VALUED AT $10,262 * 40 SHARES OF SPDR S&P MIDECAP 400 VALUED AT $10,247 * 74 SHARES OF INTERNATIONAL BUSINESS MACHINES VALUED AT $10,132 * 83 SHARES OF CHUBB CORP VALUED AT $10,108 * 88 SHARES OF APPLE INC VALUED AT $10,102 * 80 SHARES OF APPLE INC. VALUED AT $10,034 * 175 SHARES OF BARON ASSET RETAIL (BARAX) VALUED AT $10,029 * 96 SHARES OF TARGA RESOURCES CORP. VALUED AT $10,027 * 3,550 SHARES OF GRIFFIN LAND & NURSERIES VALUED AT $10,000 * 4,000 SHARES OF INTERXION VALUED AT $10,000 * 133 SHARES OF EXXON MOBIL CORP VALUED AT $9,996 * 1,000 SHARES OF ATMOS ENERGY CORP VALUED AT $8,726 * 23 SHARES OF PRECISION CASTPARTS CORP VALUED AT $5,278 * 43 SHARES OF UNITEDHEALTH GROUP VALUED AT $5,169 * 44 SHARES OF UNITED HEALTH GROUP INC-CS VALUED AT $5,164 * 50 SHARES OF CVS HEALTH VALUED AT $5,129 * 30 SHARES OF PALO ALTO NETWORK VALUED AT $5,065 * 45 SHARES OF VANGUARD SMALL-CAP EFT VALUED AT $5,065 * 45 SHARES OF TRAVELERS COS VALUED AT $5,052 * 104 SHARES OF NEXTERA ENERGY VALUED AT $5,051 * 50 SHARES OF PEPSICO INC. VALUED AT $5,027 * 35 SHARES OF GENERAL DYNAMICS VALUED AT $4,942 * 108 SHARES OF REYNOLDS AMERICAN INC VALUED AT $4,925 * 40 SHARES OF VANGUARD MID-CAP EFT VALUED AT $4,866 * 16 SHARES OF LOCKHEAD MARTIN CORP VALUED AT $3,456 * 30 SHARES OF MOODY'S CORP. VALUED AT $2,989 * 34 SHARES OF NESTLE SA VALUED AT $2,560 * 591 SHARES OF WALT DISNEY VALUED AT $2,549 * 25 SHARES OF UNITED PARCELS VALUED AT $2,535 * 85 SHARES OF GENERAL ELECTRIC VALUED AT $2,522 * 16 SHARES OF ILLUMINA INC VALUED AT $2,512 * 245 SHARES OF WENDY'S VALUED AT $2,511 * 22 SHARES OF PEPSICO INC VALUED AT $2,214 * 22 SHARES OF EXXON MOBIL VALUED AT $1,971 * 1,700 SHARES OF CRAY INC. VALUED AT $1,493 * 21 SHARES OF TIME WARNER INC. VALUED AT $1,373 * 10 SHARES OF IBM VALUED AT $1,365 * 23 SHARES OF SIX FLAGS ENTERTAINMENT VALUED AT $1,182 * 22 SHARES OF EQT CORPORATION VALUED AT $1,062 * 32 SHARES OF PFIZER VALUED AT $1,040 * 335 SHARES OF DUKE ENERGY VALUED AT $1,026 * 15 SHARES OF JPMORGAN CHASE VALUED AT $995 * 50 SHARES OF ISLE OF CAPRI CASINOS INC. VALUED AT $964 * 30 SHARES OF BLACKSTONE GROUP VALUED AT $924 * 5 SHARES OF TIME WARNER CABLE VALUED AT $917 * 1,200 SHARES OF ZIOPHARM ONCOLOGY VALUED AT $728 * 114 SHARES OF FRONTIER COMMUNICATION VALUED AT $577 * 6 SHARES OF SEMPRA ENERGY VALUED AT $572 * 6 SHARES OF UNITED TECHNOLOGIES VALUED AT $564 * 16 SHARES OF PFIZER VALUED AT $532 * 4,400 SHARES OF EXLSERVICE HOLDINGS INC. VALUED AT $179 * 4,400 SHARES OF EXLSERVICE HOLDINGS INC. VALUED AT $179 * 139 SHARES OF AMGEN, INC. VALUED AT $53 * 23 SHARES OF SIX FLAGS ENTERTAINMENT VALUED AT $39 * 2 SHARES OF TIME INC VALUED AT $31
SCHEDULE M, PART I, LINE 32B NON-CASH DONATIONS ARE RESOLD THROUGH OUTSIDE AUCTION HOUSES.
Schedule M (Form 990) (2015)

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 990-EZ or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.
OMB No. 1545-0047
2015
Open to Public
Inspection
Name of the organization
ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI
 
Employer identification number

13-6171197
Return Reference Explanation
REASON FOR AMENDED RETURN The return for the calendar year ended December 31, 2015 is being amended by the taxpayer to correct compensation reported in Part VII and Schedule J as follows: Part VII, Section A compensation was amended for one individual Schedule J, Part I, Line 4b - answer changed to YES Schedule J, Part II compensation detail was amended for one individual Schedule J, Part III Part I, Line 4b narrative was amended for one individual FORM 990, Supplemental Information PART I, LINE 5 NUMBER OF EMPLOYEES Employees of The Mount Sinai Hospital and The Icahn School of Medicine at Mount Sinai, including employees providing 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 Mount Sinai Hospital's tax identification number with the common paymaster system is 25,249 individuals. The total number of employees reported under the Schools tax identification number is 36 individuals. The number of direct School employees is 11,131 individuals. PART III, LINE 1 ORGANIZATION MISSION STATEMENT ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI 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 VI, SECTION A, LINE 2 FAMILY/BUSINESS RELATIONSHIPS *Emeritus Trustees have no vote on the Icahn School of Medicine at Mount Sinais Board. *Officer Frederick Klingenstein and Trustee Jo Carole Lauder are Emeritus Board Members and are therefore non-voting members of the board. *Trustees Robin Neustein and Patricia S. Levinson no longer served on the Icahn School of Medicine at Mount Sinais Board as of December 31, 2015 and no longer hold a vote. *Trustees James and Jean Crystal have a family relationship. *Trustees Glenn Dubin and Eric Ruttenberg have a business relationship. *Trustees Judith and Robert E. Rubin have a family relationship. *Trustee Bonnie Davis, MD and Officer Kenneth Davis, MD have a family relationship. *Trustees Glenn Dubin and Eva Andersson Dubin, MD have a family relationship. *Trustees Steve Hochberg and James Flynn have a business relationship. *Trustees Donald Gogel and Henry Kravis have a business relationship. *Trustees Gail Golden-Icahn and Carl Icahn have a family relationship. *Trustees Michael Gross and Steve Hochberg have a business relationship.
PART VI, SECTION A, LINE 6 Mount Sinai Health System, Inc. is the Sole Member of the organization.
PART VI, SECTION A, LINE 7A The Member has the power to elect the members of the governing body of the organization.
PART VI, SECTION A, LINE 7B The Member has the power to elect the members of the governing body of the organization. In addition, the Board of Trustees of the organization cannot amend the bylaws without the consent of the Member if such amendment removed any powers of the Member.
PART VI, SECTION B, LINE 11B FORM 990 PROVIDED TO GOVERNING BODY The Finance Department gathered the relevant information and prepared the tax returns. * The Tax department of our outside auditors, Ernst & Young (EY), 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 Counsels office and the Audit and Compliance Department. These recommendations were reviewed and approved by EY. The same process was conducted by the Finance Department, the General Counsels office, the Audit and Compliance Department and EY 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 EY, the Finance Department, the General Counsels office, and the Audit and Compliance Department. The Audit Committee approved the tax returns as presented. * The Audit Committees 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, 2016, 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 Organizations 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 Board of Trustees (the Compensation Committee) determines the compensation for the CEO and other executives, including physician leaders, who are or may be disqualified persons as that term is defined in IRC Section 4958. The Compensation Committee also reviews the compensation of other senior and/or highly compensated personnel. 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 with respect to disqualified persons to follow the specific steps outlined in the IRC regulations for establishing the rebuttable presumption of reasonableness that a transaction is not an excess benefit transaction. 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 absence of any conflict of interest with respect to items on that meetings agenda is confirmed at the beginning of each meeting of the Compensation Committee. 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 Mount Sinais geographic area; current compensation surveys compiled by independent firms; customized surveys in specific circumstances, and actual written offers from similar institutions competing for the services of the disqualified person. The sources of the comparability data used by the compensation consultant are provided to the Compensation Committee. In appropriate circumstances formal written opinions are obtained from the Compensation Consultant. With respect to Executives as they are defined in the policy which includes all of the institutions disqualified persons, the Compensation Committee receives and reviews the comparability data and any analysis provided by the Compensation Consultant, as well as information provided by management, or in the case of the CEO, by the Chairman of the Board of Trustees, including information about the individuals performance, and for new employees, the individuals job description. When a written opinion is obtained from the Compensation Consultant, that written opinion is also reviewed by the Compensation Committee. After considering all of the facts, the Compensation Committee then determines the appropriate compensation in relation to the comparability data and in light of the written opinion, recommendations of the Compensation Consultant. As more fully set forth in the Compensation Committees Operating Guidelines, the Compensation Committee also reviews the compensation arrangements for those other senior management and/or highly compensated personnel who are not Executives. The Compensation Committee is provided details of the compensation arrangement of the individuals job and job performance, the benchmark(s) used and, in certain cases, a description of the role of the Compensation Consultant and a brief description of why the arrangement is appropriate. The Compensation Committee contemporaneously documents in written minutes the terms of the transaction that was approved and the date it was approved; the members of the Compensation Committee who were present; the discussion at the Compensation Committee meeting; the comparability data and any other information obtained and relied on; how the comparability data was obtained; and the Compensation Committees basis for the decisions, if the approved compensation is outside the range of comparability data. These minutes are prepared before the later of the next meeting of the Compensation Committee or 60 days after the final actions of the Compensation Committee are taken with respect to the compensation decisions made. The minutes are reviewed and approved by the Compensation Committee within a reasonable time thereafter.
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 3,438. 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.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2015


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" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
MediumBulletAttach to Form 990.
MediumBullet Information about Schedule R (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047
2015
Open to Public Inspection
Name of the organization
ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI
 
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 (if applicable) 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
(1) MOUNT SINAI CARE LLC
1 GUSTAVE LEVY PLACE BOX 1061
NEW YORK,NY10029
45-4492275 		ACCT CARE ORG NY 0 0 ISMMS
 










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 entity?
Yes No
(1)THE MOUNT SINAI MEDICAL CENTER INC
ONE GUSTAVE L LEVY PLACE

NEW YORK,NY10029
13-6271888 		SUPPORT NY 501(C)(3) 11 TYPE II MSHS
 
Yes
 
(2)THE MOUNT SINAI HOSPITAL
ONE GUSTAVE L LEVY PLACE

NEW YORK,NY10029
13-1624096 		HOSPITAL NY 501(C)(3) 3 MSHG
 
Yes
 
(3)MITRAL FOUNDATION
1190 FIFTH AVENUE

NEW YORK,NY10029
80-0468600 		RESEARCH NY 501(C)(3) 11 TYPE I ISMMS
 
Yes
 
(4)THE MOUNT SINAI CHILDREN'S CENTER FND
ONE GUSTAVE L LEVY PLACE

NEW YORK,NY10029
22-3059294 		SUPPORT NY 501(C)(3) 11 TYPE I ISMMS
 
Yes
 
(5)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
 
(6)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
 
(7)MOUNT SINAI DIAG & TREATMENT CENTER
ONE GUSTAVE L LEVY PLACE

NEW YORK,NY10029
45-0537391 		DIAG CLINIC NY 501(C)(3) 3 MSH
 
Yes
 
(8)MSMC RESIDENTIAL REALTY MANAGER INC
ONE GUSTAVE L LEVY PLACE

NEW YORK,NY10029
20-1289396 		MGMT NY 501(C)(3) 11 TYPE II SEE PART VII
 
Yes
 
(9)VALENTIN FUSTER MT SINAI FND SCI HLTH
ONE GUSTAVE L LEVY PLACE

NEW YORK,NY10029
80-0952088 		SUPPORT NY 501(C)(3) 11 TYPE I ISMMS & MSH
 
Yes
 
(10)MOUNT SINAI HEALTH SYSTEM INC
ONE GUSTAVE L LEVY PLACE

NEW YORK,NY10029
46-4248304 		HOLDING CO NY 501(C)(3) 11 TYPE II NA
 
 
No
(11)MOUNT SINAI HOSPITAL GROUP INC
ONE GUSTAVE L LEVY PLACE

NEW YORK,NY10029
46-4242915 		HOLDING CO NY 501(C)(3) 11 TYPE II MSHS
 
Yes
 
(12)CONTINUUM HEALTH PARTNERS INC
150 EAST 42ND STREET

NEW YORK,NY10017
13-3939476 		HOLDING CO NY 501(C)(3) 11 TYPE I NA
 
 
No
(13)BIMC HOLDING CORPORATION
FIRST AVENUE AT 16TH STREET

NEW YORK,NY10003
13-3444730 		HOLDING CO NY 501(C)(3) 11 TYPE I BIMC
 
Yes
 
(14)BETH ISRAEL AMBULATORY CARE SERVICES
150 EAST 42ND STREET

NEW YORK,NY10017
13-3838460 		SURGICENTER NY 501(C)(3) 3 BIMC HOLDCO
 
Yes
 
(15)BI NURSING HOME COMPANY
327 EAST 17TH STREET

NEW YORK,NY10003
13-3627753 		NURSING HOME NY 501(C)(3) 3 BIMC HOLDCO
 
Yes
 
(16)EAST 17TH STREET PROPERTIES INC
150 EAST 42ND STREET

NEW YORK,NY10017
13-3547502 		REAL ESTATE NY 501(C)(3) 9 BIMC HOLDCO
 
Yes
 
(17)THE LONG ISLAND COLLEGE HOSPITAL
150 EAST 42ND STREET

NEW YORK,NY10017
11-1018985 		HOSPITAL NY 501(C)(3) 3 CHP
 
 
No
(18)ST LUKE'S-ROOSEVELT HOSPITAL CENTER
1111 AMSTERDAM AVENUE

NEW YORK,NY10025
13-2997301 		HOSPITAL NY 501(C)(3) 3 MSHG
 
Yes
 
(19)AUGUSTUS & JAMES CORPORATION
150 EAST 42ND STREET

NEW YORK,NY10017
13-3392851 		REAL ESTATE NY 501(C)(3) 11 TYPE II SLR
 
Yes
 
(20)ST LUKE'S-ROOSEVELT INSTITUTE FOR HEALTH
1111 AMSTERDAM AVENUE

NEW YORK,NY10025
13-2914343 		RESEARCH NY 501(C)(3) 4 SLR
 
Yes
 
(21)NEW YORK EYE AND EAR INFIRMARY
310 EAST 14TH STREET

NEW YORK,NY10003
13-5562304 		HOSPITAL NY 501(C)(3) 3 MSHG
 
Yes
 
(22)NEW YORK EYE & EAR INFIRMARY FNDN
310 EAST 14TH STREET

NEW YORK,NY10003
13-4012469 		PRIVATE FDN NY 501(C)(3) PF NYEE
 
Yes
 
(23)NYEEI HOUSING COMPANY INC
317-327 EAST 13TH STREET

NEW YORK,NY10003
31-1696826 		REAL ESTATE NY 501(C)(2) N/A NYEE
 
Yes
 
(24)BETH ISRAEL MEDICAL CENTER FDN INC
150 EAST 42ND STREET

NEW YORK,NY10017
30-0571387 		FUNDRAISING NY 501(C)(3) 7 BIMC
 
Yes
 
(25)ST LUKE'S-ROOSEVELT HOSPITAL CENTER FDN
150 EAST 42ND STREET

NEW YORK,NY10017
30-0571390 		FUNDRAISING NY 501(C)(3) 7 SLR
 
Yes
 
(26)BETH ISRAEL MEDICAL CENTER
FIRST AVENUE AT 16TH STREET

NEW YORK,NY10003
13-5564934 		HOSPITAL NY 501(C)(3) 3 MSHG
 
Yes
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2015
Schedule R (Form 990) 2015
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
 		(i)
Section 512(b)(13) controlled entity?
Yes No
(1) GREATER METROPOLITAN IPA II

150 EAST 42ND STREET
NEW YORK,NY10017
13-3977019 		INACTIVE NY BIMCSLR
  		c         No
(2) GREATER METROPOLITAN IPA V

150 EAST 42ND STREET
NEW YORK,NY10017
13-4141695 		INACTIVE NY BIMCSLR
  		c         No
(3) MANHATTAN MANAGEMENT SERVICES

1780 BROADWAY 7TH FL
NEW YORK,NY10019
13-3618543 		MGMT SERVICES NY SLR
  		c         No
(4) SLR MANAGEMENT SERVICES

150 EAST 42ND STREET
NEW YORK,NY10017
13-3853145 		MGMT SERVICES NY SLR
  		c         No
(5) WEST CARE MEDICAL PC

150 EAST 42ND STREET
NEW YORK,NY10017
13-3811203 		INACTIVE NY SLR
  		c         No
(6) Mount Sinai HC Ventures

150 EAST 42ND STREET
NEW YORK,NY10017
46-0953126 		HEALTH CARE MGMT NY BIMC HOLDCO
  		c         No
(7) Mount Sinai Genomics Inc

1425 Madison Ave
New York,NY10029
47-5349024 		CLINICAL LAB DE ISMMS
  		C 0 0 100.000 % Yes  
Schedule R (Form 990) 2015
Schedule R (Form 990) 2015
Page 3
Part V
Transactions With Related Organizations Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.
Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.
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, or (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
 
No
f Dividends from related organization(s) ............................
1f
 
No
g Sale of assets to related organization(s) ............................
1g
 
No
h Purchase of assets from related organization(s) ............................
1h
 
No
i Exchange of assets with related organization(s) ............................
1i
Yes
 
j Lease of facilities, equipment, or other assets to related organization(s) .......................
1j
Yes
 
k Lease of facilities, equipment, or other assets from related organization(s) ......................
1k
 
No
l Performance of services or membership or fundraising solicitations for related organization(s) .....................
1l
 
No
m Performance of services or membership or fundraising solicitations by related organization(s) .................
1m
Yes
 
n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................
1n
Yes
 
o Sharing of paid employees with related organization(s) ............................
1o
Yes
 
p Reimbursement paid to related organization(s) for expenses ............................
1p
Yes
 
q Reimbursement paid by related organization(s) for expenses ............................
1q
Yes
 
r Other transfer of cash or property to related organization(s) ............................
1r
 
No
s Other transfer of cash or property from related organization(s) ............................
1s
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 related organization 		(b)
Transaction
type (a-s) 		(c)
Amount involved 		(d)
Method of determining amount involved
(1) THE MOUNT SINAI HOSPITAL

 C 36,200,636 COST
(2) THE MOUNT SINAI MEDICAL CENTER INC

 S 1,147,739 COST
(3) THE MOUNT SINAI HOSPITAL

 J 7,235,568 COST
(4) THE MOUNT SINAI HOSPITAL

 N 12,597,768 COST
(5) THE MOUNT SINAI HOSPITAL

 O 23,977,709 COST
(6) THE MOUNT SINAI HOSPITAL

 P 1,265,156,000 COST
(7) THE MOUNT SINAI HOSPITAL

 Q 226,909,125 COST
(8) THE MOUNT SINAI MEDICAL CENTER INC

 I 2,817,000 COST
(9) THE MOUNT SINAI HOSPITAL

 S 1,147,739 COST
(10) THE MOUNT SINAI HOSPITAL

 I 2,817,000 COST
(11) MOUNT SINAI CHILDREN'S CENTER FOUNDATION INC

 O 137,960 COST
(12) MOUNT SINAI CHILDREN'S CENTER FOUNDATION INC

 C 333,318 COST
(13) MITRAL FOUNDATION

 O 302,592 COST
(14) MITRAL FOUNDATION

 C 277,749 COST
(15) MOUNT SINAI ST LUKE'S-ROOSEVELT

 Q 12,897,767 COST
(16) MOUNT SINAI BETH ISRAEL

 Q 17,149,995 COST
(17) MOUNT SINAI BETH ISRAEL

 Q 530,969 COST
(18) VALENTIN FUSTER MT SINAI FND SCI HLTH

 C 758,137 COST
(19) THE MOUNT SINAI MEDICAL CENTER INC

 I 58,249,038 FMV
(20) THE MOUNT SINAI HOSPITAL

 C 213,000 FMV
(21) THE MOUNT SINAI HOSPITAL

 C 262,284 COST
(22) MSMC REALTY CORPORATION

 C 175,996 COST
(23) MSMC RESIDENTIAL REALTY LLC

 C 201,057 COST
Schedule R (Form 990) 2015
Schedule R (Form 990) 2015
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) 2015
Schedule R (Form 990) 2015
Page 5
Part VII
Supplemental Information
Provide additional information for responses to questions on Schedule R (see instructions).
Return Reference Explanation
PART II, LINE 5, COLUMN F - MSMC REALTY CORPORATION DIRECT CONTROLLING ENTITY ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI, THE MOUNT SINAI HOSPITAL AND MOUNT SINAI MEDICAL CENTER ARE ALL MEMBERS OF THIS ENTITY.
PART II, LINE 6, COLUMN F - MSMC RESIDENTIAL REALTY LLC DIRECT CONTROLLING ENTITY ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI, THE MOUNT SINAI HOSPITAL, THE MSMC REALTY CORPORATION AND THE MSMC RESIDENTIAL REALTY MANAGER, INC. ARE ALL MEMBERS OF THIS ENTITY.
PART II, LINE 1, COLUMN F - MSMC RESIDENTIAL REALTY MANAGER, INC DIRECT CONTROLLING ENTITY ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI, THE MOUNT SINAI HOSPITAL AND THE MSMC REALTY CORPORATION ARE ALL MEMBERS OF THIS ENTITY.
Schedule R (Form 990) 2015

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