Nonprofit · EIN 11-1635081
MAIMONIDES MEDICAL CENTER-
Tax-exempt · BROOKLYN, NY 11219
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,807,630,671 | $1,855,401,740 | -$47,771,069 | $1,951,547,415 | $1,712,866,827 | $238,680,588 |
| December 31, 2023 | 990 | $1,624,220,953 | $1,657,430,423 | -$33,209,470 | $1,741,180,827 | $1,448,782,134 | $292,398,693 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $157,800,271
- of which government grants
- $152,823,079
- Program service revenue
- $1,633,326,796
- Investment income
- $10,191,538
- Net gain from sales of assets
- $155,046
- Net income from fundraising events
- -$57,750
- Other revenue
- $6,312,066
Expenses
- Grants and similar amounts paid
- $2,242,063
- Compensation of officers, directors and key employees
- $8,855,599
- Other salaries and wages
- $863,869,302
- Salaries, compensation and benefits (total)
- $1,151,115,506
- Professional fundraising fees
- $0
- Legal fees
- $4,328,823
- Accounting fees
- $1,025,000
- Occupancy
- $63,013,383
- Travel
- $1,079,507
- Depreciation
- $62,294,714
- Program services (functional)
- $1,488,889,510
- Management and general (functional)
- $364,065,741
- Fundraising (functional)
- $2,446,489
Balance sheet and other
- Total assets, start of year
- $1,741,180,827
- Total assets, end of year
- $1,951,547,415
- Total liabilities, end of year
- $1,712,866,827
- Net assets, end of year
- $238,680,588
- Land, buildings and equipment
- $506,179,289
- Publicly traded securities
- $116,929,537
- Net assets without donor restrictions
- $233,982,329
- Net assets with donor restrictions
- $4,698,259
- Gross receipts
- $1,848,635,570
- Employees
- 8,119
- Volunteers
- 1,639
- Year formed
- 1947
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JACOB SHANI MD | CHAIR, CARDIOLOGY Highest-paid employee | 40 | $3,498,724 | $52,836 |
| PATRICK BORGEN MD | CHAIR, DEPARTMENT OF SURGERY Highest-paid employee | 40 | $1,992,061 | $66,239 |
| AMIT SCHWARTZ MD | DIRECTOR, NEUROSURGERY Highest-paid employee | 40 | $1,908,023 | $58,459 |
| ROBERT FRANKEL MD | DIR, INTERVENTIONAL CARDIOLOGY Highest-paid employee | 40 | $1,879,116 | $51,564 |
| JOSHUA KERSTEIN MD | ASSOC DIR, CLINICAL CARDIOLOGY Highest-paid employee | 40 | $1,860,102 | $66,592 |
| KENNETH GIBBS | PRESIDENT & CEO Trustee or director, Officer | 40 | $1,757,557 | $57,569 |
| JOHN MARSHALL MD | EVP, MEDICAL AFFAIRS Key employee | 40 | $1,423,434 | $67,422 |
| JUDY BACHMAN | EVP & COO Key employee | 40 | $1,350,002 | $11,617 |
| ROBERT PALERMO | EVP/CFO & ASSISTANT TREASURER Officer | 40 | $1,215,860 | $69,325 |
| LAURIE WEINSTEIN | EVP,CHIEF LEGAL OFFIC,ASST SEC Officer | 40 | $1,088,707 | $57,419 |
| DAVID COHEN MD | EVP,POP HEALTH& ACADEM AFFAIRS Key employee | 40 | $939,922 | $45,013 |
| ROBERT PRESS | FORMER EVP, MEDICAL AFFAIRS Former | 0 | $512,375 | $0 |
| MONICA GHITAN MD | MED STAFF PRESIDENT THRU 6/24 Trustee or director | 40 | $355,037 | $39,904 |
| JUAN KUPFERMAN MD | MED STAFF PRESIDENT AS OF 7/24 Trustee or director | 40 | $351,893 | $24,917 |
| MICHAEL ANTONIADES | FORMER EVP & COO Former | 0 | $180,000 | $0 |
27 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL ADDISON | TRUSTEE, TREASURER, VC Trustee or director, Officer | 0.5 | $0 |
| DONNA ASTION MD | TRUSTEE, VICE CHAIR Trustee or director, Officer | 0.5 | $0 |
| JOSEPH BRUNO | TRUSTEE Trustee or director | 0.5 | $0 |
| DAVID CASSATO MSGR | TRUSTEE Trustee or director | 0.5 | $0 |
| CHAIM FISCHER | TRUSTEE Trustee or director | 0.5 | $0 |
| ROBERT FORAN | TRUSTEE AS OF 9/24 Trustee or director | 0.5 | $0 |
| YEHOSHUA FRUCHTHANDLER | TRUSTEE Trustee or director | 0.5 | $0 |
| LOFTON HOLDER | TRUSTEE Trustee or director | 0.5 | $0 |
| EUGENE KEILIN | TRUSTEE & BOARD CHAIR Trustee or director, Officer | 0.5 | $0 |
| MORTIMER KLAUS | TRUSTEE Trustee or director | 0.5 | $0 |
| GEORGE LIU MD | TRUSTEE THRU 6/24 Trustee or director | 0.5 | $0 |
| ROBERT MACHINIST | TRUSTEE Trustee or director | 0.5 | $0 |
| DONALD MELTZER | TRUSTEE THRU 6/24 Trustee or director | 0.5 | $0 |
| FRANK NACCARATO | TRUSTEE & SECRETARY Trustee or director, Officer | 0.5 | $0 |
| ELIZA NG | TRUSTEE AS OF 9/24 Trustee or director | 0.5 | $0 |
| AZZAM OBEID | TRUSTEE Trustee or director | 0.5 | $0 |
| MARTIN PAYSON | TRUSTEE THRU 6/24 Trustee or director | 0.5 | $0 |
| PETER REBENWURZEL | TRUSTEE & VICE CHAIR Trustee or director, Officer | 0.5 | $0 |
| ERMINIA RIVERA | TRUSTEE & VICE CHAIR Trustee or director, Officer | 0.5 | $0 |
| ALEX ROVT PHD | TRUSTEE & VICE CHAIR THRU 6/24 Trustee or director, Officer | 0.5 | $0 |
| AMY SANDGRUND-FISHER | TRUSTEE AS OF 12/24 Trustee or director | 0.5 | $0 |
| MARY SINGH | TRUSTEE Trustee or director | 0.5 | $0 |
| DAVID SPIRA | TRUSTEE Trustee or director | 0.5 | $0 |
| AARON TWERSKI | TRUSTEE Trustee or director | 0.5 | $0 |
| MARTY WAISBROD | TRUSTEE Trustee or director | 0.5 | $0 |
| GEORGE WEINBERGER | TRUSTEE Trustee or director | 0.5 | $0 |
| MICHAEL ZIEGLER ESQ | TRUSTEE Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 44 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JACOB SHANI MD | CHAIR, CARDIOLOGY Highest-paid employee | 40 | $3,498,724 | $51,439 |
| DAVID EDELSTEIN MD | ORTHOPEDIC SURGERY Highest-paid employee | 40 | $2,100,285 | $64,576 |
| PATRICK I BORGEN MD | CHAIR, DEPT OF SURGERY Highest-paid employee | 40 | $1,991,826 | $64,576 |
| Joshua Kerstein MD | ASSOC DIR, CLINICAL CARDIOLOGY Highest-paid employee | 40 | $1,818,980 | $64,576 |
| KENNETH D GIBBS | PRESIDENT & CEO Trustee or director, Officer | 40 | $1,812,493 | $54,489 |
| GREG H RIBAKOVE MD | CHIEF CARDIOTHORACIC SURGERY Highest-paid employee | 40 | $1,794,058 | $51,439 |
| LAURIE E WEINSTEIN | EVP,CHIEF LEGAL OFFIC,ASST SEC Officer | 40 | $1,258,857 | $54,489 |
| JOHN MARSHALL MD | EVP,MEDICAL AFFAIRS AS OF 5/23 Key employee | 40 | $1,084,567 | $65,656 |
| DAVID I COHEN MD | EVP,POP HEALTH& ACADEM AFFAIRS Key employee | 40 | $970,153 | $42,552 |
| ROBERT PALERMO | EVP/CFO & ASST TREASURER Officer | 40 | $922,779 | $64,576 |
| ROBERT PRESS MD | EVP,MEDICAL AFFAIRS THRU 5/23 Key employee | 40 | $788,674 | $153,321 |
| JUDY BACHMAN | EVP/COO AS OF 2/23 Key employee | 40 | $755,289 | $25,165 |
| MICHAEL ANTONIADES | FORMER EVP & COO Former | 0 | $720,289 | $0 |
| MONICA GHITAN MD | MEDICAL STAFF PRESIDENT Trustee or director | 40 | $351,138 | $62,161 |
| PAUL ADDISON | TRUSTEE & TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| DONNA ASTION MD | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| RICHARD BARASCH | TRUSTEE THRU 8/23 Trustee or director | 0.5 | $0 | $0 |
| JOSEPH BRUNO | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| DAVID CASSATO MSGR | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| JEFFERY FENSTER | TRUSTEE THRU 6/23 Trustee or director | 0.5 | $0 | $0 |
| CHAIM FISCHER | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| YEHOSHUA FRUCHTHANDLER | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| JEREMY GLICK | TRUSTEE THRU 3/23 Trustee or director | 0.5 | $0 | $0 |
| JACK A HIDARY | TRUSTEE THRU 5/23 Trustee or director | 0.5 | $0 | $0 |
| LOFTON HOLDER | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| EUGENE KEILIN | TRUSTEE & BOARD CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| MORTIMER N KLAUS | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| GEORGE LIU MD | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| ROBERT MACHINIST | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| DONALD MELTZER | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| FRANK NACCARATO | TRUSTEE & SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| AZZAM OBEID | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| MARTIN PAYSON | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| TREVOR PRICE | TRUSTEE THRU 9/23 Trustee or director | 0.5 | $0 | $0 |
| PETER REBENWURZEL | TRUSTEE & VICE CHAIR Trustee or director | 0.5 | $0 | $0 |
| ERMINIA RIVERA | TRUSTEE & VICE CHAIR Trustee or director | 0.5 | $0 | $0 |
| ALEX ROVT PHD | TRUSTEE & VICE CHAIR Trustee or director | 0.5 | $0 | $0 |
| AVI SCHRON | TRUSTEE THRU 6/23 Trustee or director | 0.5 | $0 | $0 |
| MARY SINGH | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| DAVID SPIRA | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| AARON D TWERSKI | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| MARTY WAISBROD | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| GEORGE WEINBERGER | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| MICHAEL L ZIEGLER ESQ | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4802 10TH AVE, BROOKLYN, NY 11219-2916
- In care of
- % ROBERT PALERMO EVP & CFO
- Principal officer (990 for 2024)
- KENNETH GIBBS, 4802 TENTH AVENUE, BROOKLYN, NY 11219
- Signed the 990
- ROBERT PALERMO, EVP,CFO & ASST TREAS
- Phone
- (718) 283-3900
- Website
- WWW.MAIMO.ORG
- Return prepared by
- PwC US Tax LLP
Mission
SEE SCHEDULE O
Program accomplishments
- INPATIENT SERVICES. THIS IS FURTHER DESCRIBED IN SCHEDULE O.Expenses $1,004,359,631 · revenue $860,920,994
- EMERGENCY SERVICES. THIS IS FURTHER DESCRIBED IN SCHEDULE O.Expenses $138,934,630 · revenue $72,802,959
- MATERNITY SERVICES. THIS IS FURTHER DESCRIBED IN SCHEDULE O.Expenses $91,953,252 · revenue $54,372,326
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 11-1635081
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Hospital or medical research organization
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1949
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E220)
- Assets (IRS master file)
- $1,951,547,415
- Income (IRS master file)
- $1,848,635,570
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,807,630,671 | $1,855,401,740 | $1,951,547,415 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $1,624,220,953 | $1,657,430,423 | $1,741,180,827 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $1,451,215,166 | $1,516,482,116 | $1,708,014,796 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 11-1635081).
Questions about MAIMONIDES MEDICAL CENTER-
- What is the EIN of MAIMONIDES MEDICAL CENTER-?
- The employer identification number (EIN) of MAIMONIDES MEDICAL CENTER- is 11-1635081.
- Is MAIMONIDES MEDICAL CENTER- tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1949.
- Are donations to MAIMONIDES MEDICAL CENTER- tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MAIMONIDES MEDICAL CENTER- file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MAIMONIDES MEDICAL CENTER- due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MAIMONIDES MEDICAL CENTER- last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MAIMONIDES MEDICAL CENTER-?
- The 990 for the year ended December 31, 2024 names KENNETH GIBBS.
- Who are the officers and directors of MAIMONIDES MEDICAL CENTER-?
- The 990 for the year ended December 31, 2024 lists 42 people; 15 received compensation from the organization, the highest $3,498,724 (JACOB SHANI MD, CHAIR, CARDIOLOGY).
- How much revenue does MAIMONIDES MEDICAL CENTER- have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,807,630,671, expenses of $1,855,401,740 and total assets of $1,951,547,415 at year end.
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