New York Eye & Ear Infirmary
- Assets
- $165.4m
- Revenue
- $125.3m
- Investments
- $0.0
- Employees
- 760
- Location
- New York, NY
- Founding
- 07/1935
- Data as of
- 12/2022
- EIN
- 13-5562304
Organization Overview
New York Eye & Ear Infirmary, operating under the name NYEEI of Mount Sinai, is located in New York, NY. The organization was established in 1935. According to its NTEE Classification (E24) the organization is classified as: Specialty Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2022, NYEEI of Mount Sinai employed 760 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. NYEEI of Mount Sinai is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, NYEEI of Mount Sinai generated $125.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $144.6m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 8 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
TO PROVIDE PATIENT CARE AT THE HIGHEST QUALITY, MOST TECHNOLOGICALLY ADVANCED AND CONSISTENT MULTIDISCIPLINARY CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HIGHEST QUALITY, MOST TECHNOLOGICALLY ADVANCED AND CONSISTENT MULTIDISCIPLINARY CARE IN A SAFE AND COMFORTABLE ENVIRONMENT PROVIDING AN ONGOING SERIES OF LECTURES, SEMINARS AND HEALTH SCREENINGS; DEVELOPMENT OF HIGHLY QUALIFIED, WELL TRAINED PHYSICIANS/SURGEONS THROUGH PROGRAMS OF RESIDENCY TRAINING. NEW YORK EYE AND EAR INFIRMARY PROVIDED THE FOLLOWING SERVICES TO RESIDENTS OF ITS LOCAL COMMUNITY IN 2022: 341 INPATIENT DISCHARGES 17,877 AMBULATORY SURGERY VISITS 30,226 REFERRED AMBULATORY PROCEDURES INCLUDING 2,595 FOR THE SLEEP CENTERS AND 64,761 OUTPATIENT CLINIC VISITS. IN ADDITION, PLEASE REFERENCE WWW.NYEE.EDU FOR OUR CAPABILITIES REPORT AND COMMUNITY INFORMATION REPORT LOCATED UNDER THE GENERAL INFORMATION SECTION OF THE WEBSITE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Davis MD Chief Executive Officer | Officer | 1.06 | $129,333 |
Margaret Pastuszko Evp, System Chief Strategy Off | Officer | 1.07 | $48,859 |
Dennis Charney MD 1 President, Academic Affairs | Officer | 1.09 | $42,548 |
Stephen Harvey Evp, System CFO | Officer | 1.08 | $41,849 |
Jeremy Boal MD Evp, System Cmo | Officer | 1.1 | $35,485 |
Beth Essig ESQ Evp, General Counsel | Officer | 1.03 | $33,400 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Crothall Healthcare Solution Llc Management | 12/30/22 | $1,286,312 |
Triple Steel Enterprise Llc Professional Srvc | 12/30/22 | $367,019 |
Marmon Realty Group Professional Srvc | 12/30/22 | $906,927 |
Albin Gustafson Professional Srvc | 12/30/22 | $655,710 |
380 Second Llc Professional Srvc | 12/30/22 | $902,134 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $400,000 |
| Government grants | $1,155,579 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,100,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,655,579 |
| Total Program Service Revenue | $113,077,035 |
| Investment income | $451,629 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,223,952 |
| Net Gain/Loss on Asset Sales | $518,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $125,256,651 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,431,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,369,300 |
| Compensation of current officers, directors, key employees. | $1,173,312 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $55,380,105 |
| Pension plan accruals and contributions | -$1,053,771 |
| Other employee benefits | $12,326,841 |
| Payroll taxes | $3,177,843 |
| Fees for services: Management | $1,623,056 |
| Fees for services: Legal | $357,455 |
| Fees for services: Accounting | $51,663 |
| Fees for services: Lobbying | $28,038 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $203,419 |
| Fees for services: Other | $20,334,326 |
| Advertising and promotion | $569,845 |
| Office expenses | $4,040,673 |
| Information technology | $1,748,544 |
| Royalties | $0 |
| Occupancy | $8,994,795 |
| Travel | $67,528 |
| 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 | $8,064,034 |
| Insurance | $2,099,916 |
| All other expenses | $0 |
| Total functional expenses | $144,580,448 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $273,290 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $149,423 |
| Accounts receivable, net | $8,945,070 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,214,912 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $37,073,490 |
| Investments—publicly traded securities | $77,837,605 |
| Investments—other securities | $0 |
| Investments—program-related | $109,961 |
| Intangible assets | $0 |
| Other assets | $37,746,392 |
| Total assets | $165,350,143 |
| Accounts payable and accrued expenses | $9,858,421 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $50,933,796 |
| Total liabilities | $60,792,217 |
| Net assets without donor restrictions | $78,523,212 |
| Net assets with donor restrictions | $26,034,714 |
| 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 | $165,350,143 |