Sackler School Of Medicine
- Assets
- $5.3m
- Revenue
- $8.3m
- Investments
- $0.0
- Employees
- 5
- Location
- New York, NY
- Founding
- 10/1978
- Data as of
- 09/2022
- EIN
- 13-2887929
Organization Overview
Sackler School Of Medicine is located in New York, NY. The organization was established in 1978. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 09/2022, Sackler School Of Medicine employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sackler School Of Medicine is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2022, Sackler School Of Medicine generated $8.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $8.3m during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MEDICAL EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF MEDICAL SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Lazar Edd Exec. Dean & Trustee | OfficerTrustee | 40 | $405,490 |
Louis Bernstein Trustee | Trustee | 1 | $0 |
Gerard J Igel MD Trustee | Trustee | 1 | $4,000 |
Richard S Sackler MD Trustee | Trustee | 1 | $0 |
Thomas F Tracy Jr MD Trustee | Trustee | 1 | $0 |
Deborah Axelrod MD Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Perkins Coie Llp Legal Fees | 9/29/22 | $258,703 |
Ssi (Us) Inc Dba Spencer Stuart Marketing | 9/29/22 | $165,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,770 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,770 |
| Total Program Service Revenue | $8,311,500 |
| Investment income | $1,608 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,334,270 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $413,490 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $381,304 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $45,080 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $241,639 |
| Fees for services: Accounting | $76,566 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $234,927 |
| Advertising and promotion | $28,596 |
| Office expenses | $67,053 |
| Information technology | $12,868 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $58,929 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,763 |
| Insurance | $216,443 |
| All other expenses | $51,104 |
| Total functional expenses | $8,347,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,382,969 |
| Savings and temporary cash investments | $535,533 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $282,252 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $84,177 |
| Net Land, buildings, and equipment | $27,015 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,311,946 |
| Accounts payable and accrued expenses | $112,147 |
| Grants payable | $0 |
| Deferred revenue | $2,371,702 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,707,373 |
| Total liabilities | $4,191,222 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $1,120,724 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,311,946 |