2024-11-14T15:32:23-06:00 2023-12-31 991856619 GRANT THORNTON ADVISORS LLC 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2023-01-01 461404597 THE ICAHN MEDICAL RESEARCH FOUNDATION C/O ICAHN ASSOCIATES HOLDING LLC ICAH 3054224000 16690 COLLINS AVE 12TH FLOOR SUNNY ISLES BEACH FL 33160 GREGORY BONYNE VP-TAXES 3054224000 2024-11-14 1 1 SCOTT THOMPSETT P00741490 2125990100 2023 2024-10-15 13:58:12Z CARL C ICAHN 16690 COLLINS AVE 12TH FLOOR SUNNY ISLES BEACH FL 33160 21749274 0 X N/A X 2012 DE TO CONDUCT MEDICAL RESEARCH WITH HOSPITALS TO TREAT/PREVENT DISEASE. 1 0 0 0 0 0 1889903 21747386 0 0 1105 1888 0 0 1891008 21749274 0 0 0 0 3248231 970336 0 0 0 10974400 3217625 14222631 4187961 -12331623 17561313 116319039 86080352 110203990 62403990 6115049 23676362 THE ICAHN MEDICAL RESEARCH FOUNDATION'S MISSION IS TO CONDUCT MEDICAL RESEARCH IN CONJUNCTION WITH ONE OR MORE HOSPITALS IN ORDER TO DISCOVER, DEVELOP, OR VERIFY KNOWLEDGE RELATING TO THE CAUSES, DIAGNOSIS, TREATMENT, PREVENTION, OR CONTROL OF DISEASE. 0 0 4131492 THE FOUNDATION DIRECTLY ENGAGES IN THE CONTINUOUS ACTIVE CONDUCT OF MEDICAL RESEARCH WITH MOUNT SINAI HOSPITAL. ALL OF THE FOUNDATION'S ACTIVITIES INVOLVE THE CONDUCT OF RESEARCH TO DISCOVER, DEVELOP, OR VERIFY KNOWLEDGE RELATING TO THE CAUSES, DIAGNOSIS, TREATMENT, PREVENTION OR CONTROL OF DISEASE. IN 2023, THE FOUNDATION DID NOT GENERATE REVENUE ASSOCIATED WITH THESE SERVICES. 4131492 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 1 0 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 DE NY X ROWELLA ASUNCION-GUMABONG 3054224000 16690 COLLINS AVE 12TH FLOOR SUNNY ISLES BEACH FL 33160 X CARL C ICAHN PRESIDENT, DIRECTOR 1.00 0.00 X X 0 0 0 GAIL GOLDEN-ICAHN VP, SECRETARY 1.00 0.00 X 0 0 0 JORDAN BLEZNICK VICE PRESIDENT/TAXES (THRU 04/23) 1.00 0.00 X 0 0 0 GREGORY L BONYNE VICE PRESIDENT/TAXES (AS OF 05/23) 1.00 0.00 X 0 0 0 ROWELLA ASUNCION-GUMABONG VP, TREASURER 1.00 0.00 X 0 0 0 JESSE LYNN VICE PRESIDENT 1.00 0.00 X 0 0 0 HUNTER GARY VICE PRESIDENT 1.00 0.00 X 0 0 0 SCHAHRAM AKBARIAN ICAHN SCHOLAR 40.00 0.00 X 141068 0 10932 141068 0 10932 1 0 1 0 0 21747386 21747386 1888 1888 21749274 0 0 1888 804784 804784 50441 50441 66250 66250 48861 48861 12974 12974 38281 38281 3029664 3029664 131492 131492 4111 4111 FILING FEES 760 760 OUTSIDE SERVICES 343 343 4187961 4131492 56469 0 11688 25049 67942 0 116056545 86003931 2815639 2764267 182864 51372 116319039 86080352 110203990 62403990 110203990 62403990 X -109941496 -62327569 116056545 86003931 6115049 23676362 116319039 86080352 17561313 0 X 0 1 X 0 0 X MOUNT SINAI HOSPITAL NEW YORK NY RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2815639 2764267 51372 51372 DUE TO ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI 62403990 62403990 X PART X, LINE 2: FIN 48 FOOTNOTE THE FOUNDATION FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE SECTION 501(C)(3), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE FOUNDATION HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE FOUNDATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. 0 0 0 0 0 0 0 0 0 SCHAHRAM AKBARIAN ICAHN SCHOLAR 141068 0 0 0 0 0 6419 0 4513 0 152000 0 0 0 PART V, LINE 2A AS NOTED ON SCHEDULE A, THE ICAHN MEDICAL RESEARCH FOUNDATION (THE "FOUNDATION") IS A MEDICAL RESEARCH ORGANIZATION WHICH CONDUCTS MEDICAL RESEARCH IN CONJUNCTION WITH MOUNT SINAI HOSPITAL (THE "HOSPITAL"). THIS ARRANGEMENT IS SET FORTH IN THE COLLABORATION AGREEMENT BETWEEN THE FOUNDATION AND THE HOSPITAL, A COPY OF WHICH WAS PROVIDED TO THE IRS AS PART OF THE FOUNDATION'S APPLICATION FOR RECOGNITION OF TAX-EXEMPTION ON FORM 1023. IN ACCORDANCE WITH THE TERMS OF THE COLLABORATION AGREEMENT, ALL INDIVIDUALS WHO CONDUCT MEDICAL RESEARCH AS PART OF THE FOUNDATION'S EXEMPT ACTIVITIES ARE SIMULTANEOUS EMPLOYEES OF THE FOUNDATION AND THE HOSPITAL, INCLUDING THE INDIVIDUALS REPORTED ON PART VII OF THIS FORM 990. THE HOSPITAL PROCESSES AND PAYS ALL SUCH SIMULTANEOUS EMPLOYEES AND THEY RECEIVE THEIR W-2 FROM THE HOSPITAL. AS SUCH, THE FOUNDATION DOES NOT FILE A FORM W-3 FOR SUCH INDIVIDUALS (THEY ARE INCLUDED ON THE HOSPITAL'S FILING). IN 2023, 39 SIMULTANEOUS EMPLOYEES RECEIVED W-2S FROM THE HOSPITAL FOR SERVICES RENDERED TO THE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 1A THE FOUNDATION WAS FOUNDED BY MR. CARL C. ICAHN. HE IS THE SOLE DIRECTOR AND PRESIDENT OF THE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 2 MR. ICAHN HAS A FAMILY RELATIONSHIP WITH MRS. GOLDEN-ICAHN. MR. ICAHN ALSO HAS BUSINESS RELATIONSHIPS WITH MRS. GOLDEN-ICAHN, MR. BLEZNICK, MR. BONYNE, MRS. ASUNCION-GUMABONG, MR. LYNN AND MR. GARY. MRS. GOLDEN-ICAHN AND MR. GARY ARE ALSO IN A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCIAL STATEMENTS WERE AUDITED BY AN INDEPENDENT ACCOUNTING FIRM WHICH ALSO PREPARED THE FORM 990 PRIOR TO ITS COMPLETION AND FILING. THE FORM 990 IS PROVIDED TO THE DIRECTOR UPON THE COMPLETION OF THE INDEPENDENT AUDIT AND PRIOR TO FILING OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST AND DISCLOSURE POLICY REQUIRES THAT ANY INDIVIDUAL WHO HAS AUTHORITY TO MAKE DECISIONS ON BEHALF OF THE ORGANIZATION, SUCH AS A DIRECTOR, OFFICER, COMMITTEE MEMBER, OR EMPLOYEE, SHALL TAKE STEPS TO INFORM THE BOARD OF DIRECTORS OF ANY PERSONAL INTEREST HE OR SHE MAY HAVE IN A TRANSACTION OR CONTRACT BETWEEN THE ORGANIZATION AND A THIRD PARTY. THE BOARD WILL THEN DETERMINE WHETHER AN ACTUAL CONFLICT OF INTEREST EXISTS AND TAKE ACTION THAT THE BOARD DEEMS APPROPRIATE. THE INTERESTED PERSON MAY NOT VOTE ON THE TRANSACTION AND MAY NOT BE PRESENT WHEN THE BOARD MAKES ITS DETERMINATION OTHER THAN TO ANSWER QUESTIONS. EACH DIRECTOR, OFFICER, MEMBER OF A COMMITTEE OR THE BOARD, AND KEY EMPLOYEE MUST SIGN ANNUALLY A STATEMENT AFFIRMING THAT HE OR SHE HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST AND DISCLOSURE POLICY, HAS READ AND UNDERSTANDS IT, AND HAS AGREED TO COMPLY WITH IT. FORM 990, PART VI, SECTION B, LINE 15 AS DESCRIBED ON SCHEDULE O, PART V, LINE 2A, THE COMPENSATION OF JOINT EMPLOYEES OF THE FOUNDATION AND THE HOSPITAL IS PAID BY THE HOSPITAL. THE HOSPITAL DETERMINES SUCH COMPENSATION IN ACCORDANCE WITH ITS STANDARD REVIEW AND OVERSIGHT PROCEDURES, INCLUDING REVIEW BY THE COMPENSATION, EMPLOYEE BENEFITS AND EMPLOYEE RELATIONS COMMITTEE OF THE BOARD OF TRUSTEES OF THE ICAHN SCHOOL OF MEDICINE AT MT. SINAI. FORM 990, PART VI, SECTION C, LINE 19 FORM 990 WILL BE POSTED ON WWW.GUIDESTAR.ORG. THE FOUNDATION WILL REVIEW THE WEBSITE TO VERIFY THE PRESENCE AND ACCURATE POSTING OF ITS FORM 990. THE FOUNDATION DOES NOT MAKE ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. THE FOUNDATION'S FINANCIAL STATEMENTS WILL BE AVAILABLE UPON REQUEST. PART VII AND SCHEDULE J THE COMPENSATION REPORTED ON PART VII AND SCHEDULE J REPRESENTS COMPENSATION FOR SERVICES PROVIDED TO THE FOUNDATION. THE EMPLOYEES RECEIVE THEIR FORMS W-2 FROM MOUNT SINAI HOSPITAL. ICAHN INST MED RES AT MT SINAI LLC 16690 COLLINS AVE 12TH FLOOR SUNNY ISLE BEACH FL 33160 364746548 RESEARCH DE 0 47858754 IMRF ICAHN ENTERPRISES LP (AND SUB) 16690 COLLINS AVE 12TH FLOOR SUNNY ISLES BEACH FL 33160 BUS. OP & INV DE N/A N/A 0 0 ICAHN ASSOCIATES HOLDINGS LLC 16690 COLLINS AVE 12TH FLOOR SUNNY ISLES BEACH FL 33160 133135018 BUS. OP & INV DE N/A 0 STARFIRE HOLDING CORPORATION 16690 COLLINS AVE 12TH FLOOR SUNNY ISLES BEACH FL 33160 133135018 BUS. OP & INV DE N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SCHEDULE R, PARTS III & IV ICAHN ASSOCIATES HOLDING, LLC IS A DISREGARDED ENTITY OF STARFIRE HOLDING CORPORATION ("STARFIRE"), WHICH IS CONTROLLED BY CARL C. ICAHN, THE DIRECTOR AND PRESIDENT OF THE FOUNDATION. THE OFFICERS OF THE FOUNDATION (GAIL GOLDEN-ICAHN, JORDAN BLEZNICK (THRU 04/23), GREGORY L. BONYNE (AS OF 05/23), ROWELLA ASUNCION-GUMABONG, JESSE LYNN, AND HUNTER GARY) ARE EMPLOYEES OF ICAHN ASSOCIATES HOLDING, LLC OR AN AFFILIATE. ICAHN ASSOCIATES HOLDING LLC PROVIDES SERVICES AND FACILITIES TO THE FOUNDATION AT NO COST. THERE ARE NO TRANSFERS OF CASH OR PROPERTY AND NO BUSINESS TRANSACTIONS BETWEEN THE FOUNDATION AND ICAHN ASSOCIATES HOLDING, LLC, OR ITS AFFILIATES, OR BETWEEN THE FOUNDATION AND STARFIRE. CARL C. ICAHN, THE DIRECTOR AND PRESIDENT OF THE FOUNDATION, IS ONE OF THE MOST WELL-KNOWN AND INFLUENTIAL INVESTORS IN AMERICA AND IN THAT CAPACITY, EITHER DIRECTLY OR INDIRECTLY OWNS OR HAS A CONTROLLING POSITION IN VARIOUS ENTITIES TAXABLE AS PARTNERSHIPS OR AS CORPORATIONS, INCLUDING ICAHN ENTERPRISES LP. NONE OF THESE ENTITIES HAS ANY RELATIONSHIP TO OR TRANSACTIONS WITH THE FOUNDATION.