Memorial Sloan-Kettering Cancer Center is located in New York, NY. The organization was established in 1962. 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 12/2021, Memorial Sloan-Kettering Cancer Center employed 29,732 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Memorial Sloan-Kettering Cancer Center 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 12/2021, Memorial Sloan-Kettering Cancer Center generated $6.9b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $6.1b during the year ending 12/2021. While expenses have increased by 8.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
LEADERSHIP IN THE PREVENTION, TREATMENT, AND CURE OF CANCER THROUGH EXCELLENCE, VISION , AND COST EFFECTIVENESS IN PATIENT CARE, OUTREACH PROGRAMS, RESEARCH, AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PATIENT CARE: MEMORIAL SLOAN-KETTERING CANCER CENTER EXPERTS HAVE ESTABLISHED STANDARDS OF CARE AND TREATMENT PROTOCOLS FOR EACH TYPE AND STAGE OF CANCER. OUR PHYSICIANS HAVE AN EXTRAORDINARY DEPTH AND BREADTH OF EXPERIENCE IN DIAGNOSING AND TREATING ALL FORMS OF THE DISEASE, FROM THE MOST COMMON TO THE VERY RARE. EACH YEAR, THEY TREAT MORE THAN 400 DIFFERENT SUBTYPES OF CANCER. THIS LEVEL OF SPECIALIZATION CAN HAVE AN OFTEN-DRAMATIC EFFECT ON A PATIENT'S CHANCES FOR A CURE OR CONTROL OF THEIR CANCER. WHILE WE ARE KNOWN FOR OUR ADVANCED, INNOVATIVE THERAPIES, OUR PHYSICIANS ARE EQUALLY WELL REGARDED FOR THEIR COMPASSION AND CONCERN. OUR DISEASE MANAGEMENT PROGRAM FEATURES 16 MULTIDISCIPLINARY CANCER TEAMS. PATIENTS ARE TREATED BY AS MANY DIFFERENT SPECIALISTS AS ARE NEEDED FOR THEIR PARTICULAR TYPE OF DISEASE, INCLUDING SURGEONS, MEDICAL ONCOLOGISTS, RADIATION ONCOLOGISTS, RADIOLOGISTS, PATHOLOGISTS, PSYCHIATRISTS, AND NURSES. OUR PATHOLOGISTS HAVE UNSURPASSED EXPERTISE IN USING ADVANCED METHODS TO ACCURATELY DIAGNOSE CANCER. BECAUSE OF THEIR SOLE FOCUS ON CANCER, OUR SURGEONS USE SURGICAL TECHNIQUES THAT PRESERVE FORM AND FUNCTION. OUR RADIATION ONCOLOGISTS ARE DEVELOPING AND PUTTING INTO CLINICAL PRACTICE LEADING-EDGE TECHNOLOGIES AND TECHNIQUES IN RADIATION THERAPY. IN ADDITION, THE CENTER OFFERS A FULL RANGE OF PROGRAMS TO HELP PATIENTS AND FAMILIES THROUGHOUT ALL PHASES OF TREATMENT, INCLUDING SUPPORT GROUPS, GENETIC COUNSELING, HELP MANAGING CANCER PAIN AND SYMPTOMS, REHABILITATION, INTEGRATIVE MEDICINE SERVICES, AND ASSISTANCE IN NAVIGATING LIFE AFTER TREATMENT. THROUGHOUT THE COVID-19 PANDEMIC, MSKCC HAS WORKED TO PROTECT AND ASSIST THE PUBLIC. IN THE SPRING OF 2020, MEMORIAL HOSPITAL ACCEPTED TRANSFERS OF COVID-POSITIVE CANCER PATIENTS FROM OTHER NEW YORK HOSPITALS TO FREE UP SPACE AT THOSE HOSPITALS AND PROVIDE SPECIALIZED CARE TO SUCH PATIENTS. SIMILARLY, MSKCC HAS UNDERTAKEN COVID-19 VACCINATION EFFORTS NOT JUST FOR ITS PATIENTS AND EMPLOYEES, BUT ALSO FOR COMMUNITY HEALTH CARE PARTNERS AND THE PUBLIC. SPECIFICALLY, MSKCC OPENED POP UP CLINICS AT LOCATIONS IN HARLEM AND BROOKLYN, AS WELL AS WORKING WITH NEW YORK CITY TO OPEN A PUBLIC VACCINATION SITE AT THE ABYSSINIAN BAPTIST CHURCH IN HARLEM, WHICH ADMINISTERED APPROXIMATELY 12,000 DOSES OVER THE COURSE OF ALMOST FOUR MONTHS.
RESEARCH: MEMORIAL SLOAN-KETTERING CANCER CENTER MAINTAINS ONE OF THE WORLD'S MOST DYNAMIC PROGRAMS OF CANCER RESEARCH. THE EXTRAORDINARY PATIENT CARE WE PROVIDE BENEFITS FROM OUR INNOVATIVE PROGRAMS IN BASIC, TRANSLATIONAL, AND CLINICAL RESEARCH. RESEARCH AT SLOAN-KETTERING INSTITUTE IS DEDICATED TO UNDERSTANDING THE BIOLOGY OF CANCER THROUGH PROGRAMS IN CELL BIOLOGY, GENETICS, BIOCHEMISTRY, MOLECULAR BIOLOGY, STRUCTURAL BIOLOGY, COMPUTATIONAL BIOLOGY, IMMUNOLOGY, AND THERAPEUTICS. INVESTIGATORS AT SLOAN-KETTERING INSTITUTE COLLABORATE WITH MEMORIAL HOSPITAL PHYSICIAN-SCIENTISTS, A PARTNERSHIP THAT HELPS SPEED IMPORTANT RESEARCH FINDINGS FROM THE LABORATORY TO THE BEDSIDE, IN A PROCESS KNOWN AS TRANSLATIONAL RESEARCH. MEMORIAL SLOAN-KETTERING CANCER CENTER ALSO ACTIVELY INITIATES AND PARTICIPATES IN CLINICAL TRIALS TO IDENTIFY MORE EFFECTIVE CANCER THERAPIES, AND OUR PHYSICIANS ARE CURRENTLY LEADING 1,159 CLINICAL TRIALS FOR PEDIATRIC AND ADULT CANCERS. THE HUMAN ONCOLOGY AND PATHOGENESIS PROGRAM (HOPP) IS A FURTHER EFFORT TO INCREASE INSTITUTIONAL RESEARCH STRENGTH IN AREAS IMPORTANT IN CONTEMPORARY TRANSLATIONAL RESEARCH. HOPP IS DESIGNED TO MELD EVEN MORE THOROUGHLY THE CULTURES OF BASIC BIOLOGIC SCIENCE AND CLINICAL ONCOLOGY, AUGMENTING THE WORK CONDUCTED IN THE LABORATORIES OF MEMORIAL SLOAN-KETTERING CANCER CENTER'S PHYSICIAN-SCIENTISTS.
EDUCATION: EDUCATION IS A VITAL PART OF MEMORIAL SLOAN-KETTERING CANCER CENTER'S MISSION. OUR TRAINING PROGRAMS PREPARE PHYSICIANS AND SCIENTISTS FOR CAREERS IN THE BIOMEDICAL SCIENCES. OUR COLLABORATIONS WITH THE ROCKEFELLER UNIVERSITY, CORNELL UNIVERSITY, AND WEILL MEDICAL COLLEGE OF CORNELL UNIVERSITY OFFER PHD PROGRAMS IN CHEMICAL BIOLOGY, COMPUTATIONAL BIOLOGY AND MEDICINE, AND THE MEDICAL SCIENCES. THE CENTER ALSO PARTNERS WITH WEILL MEDICAL COLLEGE AND THE ROCKEFELLER UNIVERSITY TO OFFER A MD/PHD DEGREE FOR ASPIRING PHYSICIAN-SCIENTISTS. THE CENTER HAS A PHD PROGRAM IN CANCER BIOLOGY THROUGH ITS LOUIS V. GERSTNER, JR. GRADUATE SCHOOL OF BIOMEDICAL SCIENCES. THIS NOVEL PROGRAM HAS BEEN ENROLLING STUDENTS SINCE 2006 AND TRAINS BASIC LABORATORY SCIENTISTS TO WORK IN RESEARCH AREAS DIRECTLY RELEVANT TO CANCER AND OTHER HUMAN DISEASES. WE ALSO OFFER POSTGRADUATE CLINICAL FELLOWSHIPS TO TRAIN PHYSICIANS WHO SEEK SPECIAL EXPERTISE IN A PARTICULAR TYPE OF CANCER AND POSTGRADUATE RESEARCH FELLOWSHIPS THAT PROVIDE PHYSICIANS AND SCIENTISTS WITH ADVANCED LABORATORY RESEARCH TRAINING. WITH FACULTY APPOINTMENTS AT THE WEILL MEDICAL COLLEGE OF CORNELL UNIVERSITY, OUR CLINICAL STAFF ALSO TRAIN RESIDENTS AND MEDICAL STUDENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jason Klein Svp-Chief Investment Officer | Officer | 50 | $2,731,258 |
Craig B Thompson MD President & CEO | OfficerTrustee | 50 | $2,684,526 |
Babak Mehrara MD Chief Attending-Surgery | 50 | $2,570,007 | |
Jeffrey Drebin MD Chairman Attending-Surgery | 50 | $2,400,718 | |
Joseph Disa MD Attending Plastic Surgery | 50 | $2,128,227 | |
Robert Kurtz MD Attending | 50 | $2,024,064 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Turner Construction General Construction | 12/30/21 | $31,623,606 |
Jgn Construction Corp General Construction | 12/30/21 | $10,146,701 |
Lend Lease Us Construction General Construction | 12/30/21 | $8,221,785 |
Accenture Llp Consulting | 12/30/21 | $10,486,074 |
Michael Anthony Contracting General Construction | 12/30/21 | $5,129,938 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $232,119,000 |
All other contributions, gifts, grants, and similar amounts not included above | $585,361,000 |
Noncash contributions included in lines 1a–1f | $7,364,296 |
Total Revenue from Contributions, Gifts, Grants & Similar | $817,480,000 |
Total Program Service Revenue | $5,422,024,000 |
Investment income | $30,917,000 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $127,752,000 |
Net Rental Income | -$8,275,000 |
Net Gain/Loss on Asset Sales | $503,571,000 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $6,930,810,000 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $180,500 |
Grants and other assistance to domestic individuals. | $21,258,000 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $25,849,417 |
Compensation of current officers, directors, key employees. | $3,762,294 |
Compensation to disqualified persons | $911,327 |
Other salaries and wages | $2,589,059,204 |
Pension plan accruals and contributions | $168,702,498 |
Other employee benefits | $370,194,887 |
Payroll taxes | $160,087,681 |
Fees for services: Management | $0 |
Fees for services: Legal | $13,759,606 |
Fees for services: Accounting | $1,264,882 |
Fees for services: Lobbying | $935,326 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $9,337,887 |
Fees for services: Other | $111,371,563 |
Advertising and promotion | $34,957,211 |
Office expenses | $325,513,898 |
Information technology | $104,725,460 |
Royalties | $13,571,828 |
Occupancy | $130,465,337 |
Travel | $1,752,091 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $10,001,459 |
Interest | $112,663,490 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $422,308,691 |
Insurance | $54,593,768 |
All other expenses | $0 |
Total functional expenses | $6,144,357,000 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $197,290,000 |
Savings and temporary cash investments | $1,324,503,000 |
Pledges and grants receivable | $510,406,000 |
Accounts receivable, net | $623,746,000 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $100,000 |
Notes and loans receivable | $55,017,000 |
Inventories for sale or use | $126,425,000 |
Prepaid expenses and deferred charges | $456,894,000 |
Net Land, buildings, and equipment | $4,412,330,000 |
Investments—publicly traded securities | $4,665,943,000 |
Investments—other securities | $2,504,522,000 |
Investments—program-related | $8,549,000 |
Intangible assets | $0 |
Other assets | $55,527,000 |
Total assets | $14,941,252,000 |
Accounts payable and accrued expenses | $1,229,458,000 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $1,151,455,000 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $2,001,615,000 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $733,882,000 |
Total liabilities | $5,116,410,000 |
Net assets without donor restrictions | $8,106,650,000 |
Net assets with donor restrictions | $1,718,192,000 |
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 | $14,941,252,000 |
Over the last fiscal year, Memorial Sloan-Kettering Cancer Center has awarded $178,000 in support to 6 organizations.
Grant Recipient | Amount |
---|---|
Kennesaw, GA PURPOSE: CANCER AWARENESS | $70,000 |
Rye Brook, NY PURPOSE: CANCER AWARENESS | $45,000 |
White Plains, NY PURPOSE: CANCER AWARENESS | $25,000 |
Dallas, TX PURPOSE: CANCER AWARENESS | $20,000 |
LONG ISLAND NETS PURPOSE: CANCER AWARENESS | $10,000 |
White Plains, NY PURPOSE: CANCER AWARENESS | $8,000 |
Over the last fiscal year, we have identified 13 grants that Memorial Sloan-Kettering Cancer Center has recieved totaling $7,189,194.
Awarding Organization | Amount |
---|---|
St Louis Community Foundation Incorporated St Louis, MO PURPOSE: HEALTH | $4,655,500 |
Parker Institute For Cancer Immunotherapy San Francisco, CA PURPOSE: SUPPORT RESEARCH IN FIELD OF CANCER IMMUNOTHERAPY | $797,242 |
Cold Spring Harbor Laboratory Cold Spring Harbor, NY PURPOSE: RESEARCH | $542,546 |
Cold Spring Harbor Laboratory Cold Spring Harbor, NY PURPOSE: RESEARCH | $542,546 |
Cookies For Kids Cancer Califon, NJ PURPOSE: PED. CANCER RESEARCH | $162,500 |
The Honorable Tina Brozman Foundation Inc New York, NY PURPOSE: Early detection of ovarian cancer | $150,000 |
Beg. Balance | $1,228,619,000 |
Earnings | $3,089,000 |
Net Contributions | $96,214,000 |
Ending Balance | $1,327,922,000 |
Organization Name | Assets | Revenue |
---|---|---|
Connecticut Childrens Medical Center Hartford, CT | $576,292,525 | $449,106,821 |
The American Oncologic Hospital Philadelphia, PA | $214,267,027 | $267,396,349 |
Deborah Heart & Lung Center Browns Mills, NJ | $167,226,252 | $229,369,314 |
Childrens Medical Center Boston, MA | $4,378,412,245 | $224,711,683 |
New York Eye & Ear Infirmary New York, NY | $185,735,136 | $146,385,598 |
Calvary Hospital Inc Bronx, NY | $108,684,200 | $129,369,000 |
Hospital For Special Care New Britain, CT | $171,909,845 | $122,480,911 |
Elizabeth Seton Pediatric Center Yonkers, NY | $164,173,178 | $115,663,526 |
Saint Marys Hospital For Children Inc Bayside, NY | $163,358,524 | $102,313,252 |
Blythedale Childrens Hospital Valhalla, NY | $271,989,720 | $102,411,458 |
Gaylord Hospital Inc Wallingford, CT | $128,915,259 | $93,864,811 |
Good Shepherd Rehabilitation Hosp Allentown, PA | $57,653,412 | $80,489,930 |