Mount Sinai Community Foundation
- Assets
- $14.6m
- Revenue
- $91.4m
- Investments
- $848.9k
- Employees
- 446
- Location
- Chicago, IL
- Founding
- 07/1984
- Data as of
- 06/2022
- EIN
- 36-3305449
Organization Overview
Mount Sinai Community Foundation, operating under the name Sinai Medical Group, is located in Chicago, IL. The organization was established in 1984. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Sinai Medical Group employed 446 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sinai Medical Group 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 06/2022, Sinai Medical Group generated $91.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $120.2m during the year ending 06/2022. While expenses have increased by 0.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE HEALTH OF THE INDIVIDUALS AND COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERNAL MEDICINETHE SINAI MEDICAL GROUP DEPARTMENT OF MEDICINE PROVIDES SERVICES TO PATIENTS OF THE SINAI HEALTH SYSTEM THROUGH A FULL ARRAY OF MEDICAL SPECIALISTS INCLUDING THE MEDICAL SPECIALTIES OF CARDIOLOGY, DERMATOLOGY, ENDOCRINOLOGY, GASTROENTEROLOGY, GERIATRIC MEDICINE, NEPHROLOGY, NEUROLOGY, ONCOLOGY/HEMATOLOGY AND PULMONARY/CRITICAL CARE. THE DEPARTMENT PROVIDES CARE FOR INPATIENT ADMISSIONS IN ADDITION TO THE PROVISION OF OUTPATIENT DIALYSIS SERVICES, INTERVENTIONAL AND DIAGNOSTIC CARDIOLOGY SERVICES, AS WELL AS OUTPATIENT VISITS THROUGHOUT THE NETWORK OF NINE COMMUNITY-BASED CLINICS AND NINE HOSPITAL BASED CLINICS.
ANESTHESIA AND OTHERSTHE DEPARTMENT OF ANESTHESIA AT MOUNT SINAI HOSPITAL IS AN INTEGRAL PART OF THE SURGICAL SERVICES DEPARTMENT. ANESTHESIA SERVICES ARE PROVIDED BY A GROUP OF HIGHLY TRAINED ANESTHESIOLOGISTS AND CERTIFIED REGISTERED NURSE ANESTHETISTS SPECIFICALLY TRAINED IN ANESTHESIOLOGY PROVIDING GENERAL ANESTHESIA, REGIONAL ANESTHESIA, SEDATION AND PAIN MANAGEMENT PROCEDURES. WE COVER CASES INCLUDING OPEN HEART, NEUROSURGERY, NEONATAL, THORACIC AND PEDIATRIC.
SURGERYTHE SINAI MEDICAL GROUP DEPARTMENT OF SURGERY PROVIDES SERVICES TO PATIENTS OF SINAI HEALTH SYSTEM THROUGH A FULL ARRAY OF PEDIATRIC AND ADULT SURGICAL SPECIALISTS INCLUDING THE SURGICAL SPECIALTIES OF GENERAL SURGERY, HAND, NEUROLOGY, OPHTHALMOLOGY, ORTHOPEDIC, OTOLARYNGOLOGY, PEDIATRICS, PLASTICS, PODIATRY, THORACIC, TRAUMA, UROLOGY, NEUROSURGERY AND VASCULAR SURGERY. AS MOUNT SINAI HOSPITAL IS A LEVEL 1 TRAUMA PROVIDER, THE DEPARTMENT IS STAFFED TWENTY-FOUR HOURS PER DAY AND HAS NECESSARY TRAUMA CARE PROVIDERS ON DUTY AROUND THE CLOCK.
RADIOLOGYTHE SINAI MEDICAL GROUP DEPARTMENT OF RADIOLOGY PROVIDES RADIOLOGICAL SPECIALTY SERVICES RANGING FROM DIAGNOSTIC RADIOLOGY, GENERAL ULTRASOUND, VASCULAR ULTRASOUND, OB/GYN ULTRASOUND, INTERVENTIONAL RADIOLOGY, MAGNETIC RESONANCE, COMPUTED TOMOGRAPHY, MAMMOGRAPHY AND RADIATION THERAPY. THE DEPARTMENT ALSO OFFERS COMMUNITY-BASED CLINICAL SERVICES AT VARIOUS LOCATIONS. THE DEPARTMENT IS STAFFED TO FACILITATE TRAUMA CARE AT MOUNT SINAI HOSPITAL. THE DEPARTMENT ALSO OFFERS SERVICES IN PEDIATRICS, OB/GYNE, FAMILY MEDICINE, PSYCHIATRY, AND PATHOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Teitelbaum President & CEO (thru 12/2021) | OfficerTrustee | 2 | $0 |
Ngozi Ezike MD President & CEO (beg. 6/2022) | OfficerTrustee | 2 | $0 |
Vincent Williams Director & Chair | OfficerTrustee | 2 | $0 |
Kenneth Avner Director & Vice Chair | OfficerTrustee | 2 | $0 |
Brian Dolan Director & Treasurer | OfficerTrustee | 2 | $0 |
Leslie Mitchel Bond Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
University Of Illinois At Chicago Medical Services | 6/29/22 | $6,977,025 |
North American Partners In Anesthesia Anesthesia Services | 6/29/22 | $4,124,282 |
Crossroads Anesthesia Llc Anesthesiology Services | 6/29/22 | $1,029,769 |
Xtend Healthcare Advance Revenue Revenue Cycle Management | 6/29/22 | $3,338,747 |
Cook County Health And Hospital Medical Services | 6/29/22 | $733,333 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,728,005 |
| All other contributions, gifts, grants, and similar amounts not included above | $226,456 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,954,461 |
| Total Program Service Revenue | $84,854,688 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $436,819 |
| 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 | $91,424,643 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $68,115,937 |
| Pension plan accruals and contributions | $490,118 |
| Other employee benefits | $3,311,169 |
| Payroll taxes | $3,085,579 |
| Fees for services: Management | $76,618 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,184 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,875,906 |
| Advertising and promotion | $80,171 |
| Office expenses | $88,984 |
| Information technology | $19,587,668 |
| Royalties | $0 |
| Occupancy | $1,236,071 |
| Travel | $908 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,495 |
| Interest | $71,928 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,063,546 |
| Insurance | $4,476,682 |
| All other expenses | $204,530 |
| Total functional expenses | $120,152,305 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,703,925 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,251,841 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $61,607 |
| Net Land, buildings, and equipment | $1,971,749 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $848,949 |
| Investments—program-related | $210,000 |
| Intangible assets | $0 |
| Other assets | $1,579,675 |
| Total assets | $14,627,746 |
| Accounts payable and accrued expenses | $8,496,652 |
| Grants payable | $0 |
| Deferred revenue | $5,861 |
| 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 | $303,650 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $61,318,281 |
| Total liabilities | $70,124,444 |
| Net assets without donor restrictions | -$55,601,436 |
| Net assets with donor restrictions | $104,738 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $14,627,746 |