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Nonprofit · EIN 13-1740114

MONTEFIORE MEDICAL CENTER

Tax-exempt · TARRYTOWN, NY 10591

Financials

$5.1B$5B2023$5.9B$5.6B2024
Revenue Expenses · by fiscal year end
Financials of MONTEFIORE MEDICAL CENTER by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$5,908,041,192$5,619,420,589$288,620,603$4,988,192,084$5,045,748,871-$57,556,787
December 31, 2023990$5,057,497,655$5,003,322,926$54,174,729$4,597,467,871$4,766,124,678-$168,656,807
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$290,929,677
of which government grants
$233,717,508
Program service revenue
$5,521,175,096
Investment income
$76,019,276
Net rental income
-$1,959,950
Net gain from sales of assets
$28,809,042
Net income from fundraising events
-$900,713
Other revenue
$19,917,143

Expenses

Grants and similar amounts paid
$1,220,649
Other salaries and wages
$2,506,883,728
Salaries, compensation and benefits (total)
$3,290,408,391
Professional fundraising fees
$80,000
Legal fees
$10,153,360
Accounting fees
$1,119,807
Occupancy
$264,320,498
Travel
$9,832,988
Depreciation
$146,107,603
Program services (functional)
$5,038,812,719
Management and general (functional)
$572,328,254
Fundraising (functional)
$8,279,616

Balance sheet and other

Total assets, start of year
$4,597,467,871
Total assets, end of year
$4,988,192,084
Total liabilities, end of year
$5,045,748,871
Net assets, end of year
-$57,556,787
Land, buildings and equipment
$1,059,813,332
Publicly traded securities
$736,236,551
Net assets without donor restrictions
-$168,985,525
Net assets with donor restrictions
$111,428,738
Gross receipts
$5,916,610,122
Employees
23,310
Volunteers
2,433
Year formed
1884
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.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
PHILIP O OZUAH MD PHDPRESIDENT & CEO
Trustee or director, Officer
40.8$0$16,639,270$50,767
ROBERT MICHLER MDCHAIR-SURG/CARDIOTHORACIC SURG
Highest-paid employee
60$4,944,262$0$50,793
COLLEEN M BLYEEXEC VP & CFO
Officer
36.8$0$4,248,644$31,364
SUSAN GREEN-LORENZEN RNSYSTEM SENIOR VP-OPERATIONS
Key employee
44$0$3,093,931$24,250
EMAD ESKANDAR MDCHAIR-NEUROLOGICAL SURGERY
Highest-paid employee
60$2,005,276$0$48,274
CHRISTOPHER PANCZNERASST SEC.-SVP & GEN COUNSEL
Officer
35.7$0$1,918,564$47,673
JOSEPH DE ROSE MDDIR MIN INVASIVE ROBOTIC SURG
Highest-paid employee
60$1,701,228$0$46,354
DANIEL GOLDSTEIN MDVICE CHAIR-CARDIOTHORACIC SURG
Highest-paid employee
60$1,707,530$0$20,284
NEIL COBELLI MDCHAIR-DEPT. OF ORTHOPEDICS
Highest-paid employee
60$1,600,389$0$31,596
CATHERINE KLEMAVICE CHAIR
Trustee or director, Officer
0.8$0$0$0
EMANUEL CHIRICOTREASURER
Trustee or director, Officer
0.8$0$0$0
JAMES M BUTLERCHAIR
Trustee or director, Officer
1.5$0$0$0
ALAN N SUNATRUSTEE
Trustee or director
0.5$0$0$0
ALISA R DOCTOROFFTRUSTEE
Trustee or director
0.8$0$0$0
ALLEN M SPIEGEL MDTRUSTEE
Trustee or director
0.5$0$0$0
27 more people on this return
NameTitleHours / weekCompensation
BARRY S BLATTMANTRUSTEE
Trustee or director
0.8$0
BRUCE DONIGERTRUSTEE
Trustee or director
0.5$0
DANIEL R TISHMANTRUSTEE
Trustee or director
0.5$0
DAVID B KEIDANTRUSTEE
Trustee or director
0.5$0
DOUGLAS F EISENBERGTRUSTEE
Trustee or director
0.5$0
EDWIN H STERN IIITRUSTEE
Trustee or director
0.5$0
ELLEN BRESLOW NEWHOUSETRUSTEE
Trustee or director
0.5$0
GAYLE F ROBINSONTRUSTEE
Trustee or director
0.8$0
HELEN A JOHNSONTRUSTEE
Trustee or director
0.8$0
JAY B ABRAMSONTRUSTEE
Trustee or director
0.8$0
JENNIE EMILTRUSTEE
Trustee or director
0.8$0
JOEL BRAUNTRUSTEE
Trustee or director
0.5$0
JOHN HEFFERTRUSTEE
Trustee or director
0.5$0
JOHN P GUTFREUNDTRUSTEE
Trustee or director
0.5$0
JON W ROTENSTREICHTRUSTEE
Trustee or director
0.5$0
JONATHAN A LIPTONTRUSTEE
Trustee or director
0.5$0
LEWIS HENKINDTRUSTEE
Trustee or director
0.5$0
MARGARET S NATHANTRUSTEE
Trustee or director
0.5$0
MATTHEW H NORDTRUSTEE
Trustee or director
0.5$0
MELISSA CERIALETRUSTEE
Trustee or director
0.8$0
NATHAN GANTCHERTRUSTEE
Trustee or director
0.5$0
PATRICIA BAUMANTRUSTEE (DECEASED 3/26/2024)
Trustee or director
0.5$0
PATRICIA GREENTRUSTEE
Trustee or director
0.5$0
RONALD L MOELISTRUSTEE
Trustee or director
0.8$0
RUTH L GOTTESMAN EDDTRUSTEE
Trustee or director
0.5$0
STACEY R LANETRUSTEE
Trustee or director
0.5$0
THOMAS L HARRISONTRUSTEE
Trustee or director
0.5$0
990 for the year ended December 31, 2023: 45 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
PHILIP O OZUAH MD PHDPRESIDENT & CEO
Trustee or director, Officer
40.8$0$16,314,853$46,776
ROBERT MICHLER MDCHAIR-SURG/CARDIOTHORACIC SURG
Highest-paid employee
60$4,708,987$0$78,267
COLLEEN M BLYEEXEC VP & CFO
Officer
36.8$0$3,648,579$29,882
SUSAN GREEN-LORENZEN RNSYSTEM SENIOR VP-OPERATIONS
Key employee
44$0$2,712,654$46,906
EMAD ESKANDAR MDCHAIR-NEUROLOGICAL SURGERY
Highest-paid employee
60$2,348,686$0$75,732
CHRISTOPHER PANCZNERASST SEC.-SVP & GEN COUNSEL
Officer
35.7$0$1,826,063$46,882
JOSEPH DE ROSE MDDIR MIN INVASIVE ROBOTIC SURG
Highest-paid employee
60$1,707,686$0$45,563
DANIEL GOLDSTEIN MDVICE CHAIR-CARDIOTHORACIC SURG
Highest-paid employee
60$1,704,255$0$20,284
NEIL COBELLI MDCHAIR-DEPT. OF ORTHOPEDICS
Highest-paid employee
60$1,598,276$0$40,924
ALAN M KLEINSECRETARY (RESIGNED 12/31/2023)
Trustee or director, Officer
1$0$0$0
CATHERINE KLEMAVICE CHAIR
Trustee or director, Officer
1$0$0$0
EMANUEL CHIRICOTREASURER
Trustee or director, Officer
0.8$0$0$0
JAMES M BUTLERCHAIRMAN
Trustee or director, Officer
1.3$0$0$0
ALAN N SUNATRUSTEE
Trustee or director
0.5$0$0$0
ALISA R DOCTOROFFTRUSTEE
Trustee or director
0.8$0$0$0
ALLEN M SPIEGEL MDTRUSTEE
Trustee or director
0.5$0$0$0
BARRY S BLATTMANTRUSTEE
Trustee or director
0.8$0$0$0
BRUCE DONIGERTRUSTEE
Trustee or director
0.5$0$0$0
DANIEL R TISHMANTRUSTEE
Trustee or director
0.5$0$0$0
DAVID A TANNERTRUSTEE (RESIGNED 1/24/2023)
Trustee or director
0.5$0$0$0
DAVID B KEIDANTRUSTEE
Trustee or director
0.5$0$0$0
DOUGLAS F EISENBERGTRUSTEE
Trustee or director
0.5$0$0$0
EDWIN H STERN IIITRUSTEE
Trustee or director
0.5$0$0$0
ELLEN BRESLOW NEWHOUSETRUSTEE
Trustee or director
0.5$0$0$0
GAYLE F ROBINSONTRUSTEE
Trustee or director
0.8$0$0$0
HELEN A JOHNSONTRUSTEE
Trustee or director
0.8$0$0$0
JAY B ABRAMSONTRUSTEE
Trustee or director
0.8$0$0$0
JENNIE EMILTRUSTEE
Trustee or director
0.5$0$0$0
JOEL BRAUNTRUSTEE
Trustee or director
0.5$0$0$0
JOHN HEFFERTRUSTEE
Trustee or director
0.5$0$0$0
JOHN P GUTFREUNDTRUSTEE
Trustee or director
0.5$0$0$0
JON W ROTENSTREICHTRUSTEE
Trustee or director
0.5$0$0$0
JONATHAN A LIPTONTRUSTEE
Trustee or director
0.5$0$0$0
LEWIS HENKINDTRUSTEE
Trustee or director
0.5$0$0$0
MARGARET S NATHANTRUSTEE
Trustee or director
0.5$0$0$0
MATTHEW H NORDTRUSTEE
Trustee or director
0.5$0$0$0
MELISSA CERIALETRUSTEE
Trustee or director
0.8$0$0$0
MICHAEL A STOCKER MDTRUSTEE (RESIGNED 12/31/2023)
Trustee or director
0.8$0$0$0
NATHAN GANTCHERTRUSTEE
Trustee or director
0.5$0$0$0
PATRICIA BAUMANTRUSTEE (DECEASED 3/26/2024)
Trustee or director
0.5$0$0$0
PATRICIA GREENTRUSTEE
Trustee or director
0.5$0$0$0
RONALD L MOELISTRUSTEE
Trustee or director
0.8$0$0$0
RUTH L GOTTESMAN EDDTRUSTEE
Trustee or director
0.5$0$0$0
STACEY R LANETRUSTEE
Trustee or director
0.5$0$0$0
THOMAS L HARRISONTRUSTEE
Trustee or director
0.5$0$0$0

Address and contacts

Address (IRS master file)
555 S BROADWAY BLDG A, TARRYTOWN, NY 10591-6301
In care of
% EVAN RESNICK
Principal officer (990 for 2024)
PHILIP O OZUAH MD PHD, 111 EAST 210TH STREET, BRONX, NY 104672401
Signed the 990
COLLEEN BLYE, EXEC V.P. & C.F.O.
Phone
(914) 349-8455
Return prepared by
ERNST & YOUNG US LLP

Mission

MISSION: TO HEAL, TO TEACH, TO DISCOVER AND TO ADVANCE THE HEALTH OF THE COMMUNITIES WE SERVE. VISION: TO BE A PREMIER ACADEMIC MEDICAL CENTER THAT TRANSFORMS HEALTH AND ENRICHES LIVES. VALUES: HUMANITY, INNOVATION, TEAMWORK, DIVERSITY AND EQUITY - OUR VALUES DEFINE OUR PHILOSOPHY OF CARE. THEY SHAPE OUR ACTIONS AND MOTIVATE AND INSPIRE US TO PURSUE EXCELLENCE AND ACHIEVE OUR GOALS. SINCE 1884, MONTEFIORE HAS CARED FOR THE CHRONICALLY ILL AND HAS MADE IT A PRIORITY TO IMPROVE THE QUALITY OF LIFE FOR UNDERSERVED POPULATIONS. THIS FOUNDING BELIEF IS THE CORNERSTONE OF OUR MISSION, VISION AND VALUES. MONTEFIORE'S MISSION IS ROOTED IN OUR ENDURING COMMITMENT TO PROVIDE ONE STANDARD OF EXCELLENT CARE TO ALL PATIENTS REGARDLESS OF THEIR BACKGROUNDS OR ABILITY TO PAY. MONTEFIORE, THE UNIVERSITY HOSPITAL FOR ALBERT EINSTEIN COLLEGE OF MEDICINE, COMBINES NATIONALLY-RENOWNED CLINICAL AND RESEARCH EXPERTISE WITH COMPASSIONATE, PATIENT-CENTERED CARE.

990 for the year ended December 31, 2024

Program accomplishments

  • PATIENT CARE DOING MORE - IT'S HOW WE CREATED OUR HISTORY OF FIRSTS. IT'S WHY WE DEVELOPED THE WORLD'S FIRST TRANSVENOUS CARDIAC PACEMAKER AND PERFORMED THE WORLD'S FIRST CORONARY BYPASS. DOING MORE PUT US AT THE FOREFRONT OF TREATING CANCER WITH HIGHLY TARGETED THERAPIES. IT MADE US ONE OF ONLY A FEW HOSPITALS IN THE U.S. PERFORMING SURGERIES ON BABIES BEFORE THEY'RE BORN. IT BUILT ONE OF THE MOST ACTIVE AND SUCCESSFUL TRANSPLANT CENTERS IN THE COUNTRY. DOING MORE - IT'S HOW WE ARE CREATING THE FUTURE OF HEALTHCARE. ESTABLISHED IN 1884 AS A HOSPITAL FOR PATIENTS WITH CHRONIC ILLNESSES, MONTEFIORE IS A FULL-SERVICE INTEGRATED HEALTHCARE DELIVERY SYSTEM SERVING A LARGE AND COMPLEX URBAN POPULATION, A DISTINGUISHED ACADEMIC MEDICAL CENTER WITH RENOWNED FACULTY, AN INNOVATIVE RESEARCH CENTER PIONEERING SCIENTIFIC BREAKTHROUGHS AND MEDICAL "FIRSTS AN EXCEPTIONALLY DEDICATED COMMUNITY PARTNER WITH AN UNPARALLELED ROSTER OF INNOVATIVE PROGRAMS AND SERVICES THAT ADDRESS NEEDS RANGING FAR BEYOND MEDICAL CARE. MONTEFIORE'S MISSION IS TO HEAL, TO TEACH, TO DISCOVER AND TO ADVANCE THE HEALTH OF THE COMMUNITIES IT SERVES. TO THIS MISSION MONTEFIORE BRINGS A UNIQUE SYNERGY OF STRENGTHS AND RESOURCES. THE MONTEFIORE DELIVERY SYSTEM OFFERS A FULL RANGE OF HEALTHCARE SERVICES (PREVENTIVE, PRIMARY, SPECIALTY, ACUTE AND POST ACUTE) TO THE NEARLY 2 MILLION RESIDENTS OF THE BRONX, NEW YORK AND NEARBY WESTCHESTER COUNTY. MONTEFIORE ALSO SERVES AS A TERTIARY CARE REFERRAL CENTER FOR PATIENTS ACROSS THE METROPOLITAN AREA, THE NATION AND THE WORLD, AND IS KNOWN FOR ADVANCED CARE IN NUMEROUS SPECIALTIES, INCLUDING CARDIOLOGY AND CARDIAC SURGERY, CANCER CARE, CHILDREN'S HEALTH, TISSUE AND ORGAN TRANSPLANTATION, WOMEN'S HEALTH, SURGERY AND SURGICAL SUBSPECIALTIES. MONTEFIORE COMBINES ITS DEEP COMMITMENT TO THE COMMUNITY WITH NATIONALLY RENOWNED EXPERTISE TO REACH PEOPLE AT CONVENIENT LOCATIONS. THROUGH THE MONTEFIORE SCHOOL HEALTH PROGRAM (THE LARGEST AND MOST COMPREHENSIVE SCHOOL-BASED HEALTH PROGRAM IN THE COUNTRY), PRIMARY CARE AT HOME PROGRAMS, MOBILE MEDICAL AND DENTAL HEALTH VANS AND HEALTH EDUCATION INITIATIVES, MONTEFIORE PROVIDES PRIMARY CARE SERVICES IN NON-TRADITIONAL SETTINGS. MONTEFIORE IS INCREASINGLY RECOGNIZED FOR ITS SUCCESS IN DELIVERING HIGH-QUALITY CARE TO A LARGE URBAN COMMUNITY, HARNESSING THE POWER OF HEALTH INFORMATION TECHNOLOGY AND USING CARE MANAGEMENT TOOLS TO IMPROVE QUALITY, SAFETY AND OUTCOMES WHILE CONTROLLING COSTS. TO HELP PATIENTS, ESPECIALLY THOSE WITH CHRONIC DISEASES, ACHIEVE A BETTER QUALITY OF LIFE AND REDUCED HOSPITALIZATIONS, MONTEFIORE GOES BEYOND THE FRAGMENTED FEE-FOR-SERVICE PAYMENT SYSTEM, ASSUMING TOTAL RESPONSIBILITY FOR THE QUALITY AND COSTS OF CARE FOR SOME OF ITS SICKEST PATIENTS. THROUGH THE MONTEFIORE IPA, INC. (MIPA), THE CARE MANAGEMENT COMPANY, LLC (CMO) AND BRONX ACCOUNTABLE HEALTHCARE NETWORK IPA, INC., DBA MONTEFIORE ACCOUNTABLE CARE ORGANIZATION IPA (ACO), A GLOBAL PREPAYMENT STRATEGY IS USED TO MANAGE CARE OVER THE CONTINUUM, INCLUDING HOSPITAL CARE, REHABILITATION, OUTPATIENT CARE, PROFESSIONAL SERVICES, REMOTE PATIENT MONITORING AND OTHER PROGRAMS. AT THE CENTER OF THE MEDICAL SYSTEM ARE SIX MAIN CAMPUSES WITH A TOTAL OF 1,558 LICENSED BEDS THAT PROVIDED OVER 80,234 INPATIENT ADMISSIONS IN 2024, INCLUDING OVER 3,500 BIRTHS AND EXTENSIVE AMBULATORY CARE SERVICES: - THE 680 BED HENRY AND LUCY MOSES DIVISION; - THE 421 BED JACK D. WEILER HOSPITAL OF ALBERT EINSTEIN COLLEGE OF MEDICINE; - THE 136 BED CHILDREN'S HOSPITAL AT MONTEFIORE, RECOGNIZED AS ONE OF "AMERICA'S BEST CHILDREN'S HOSPITALS" IN U.S. NEWS & WORLD REPORT'S RANKINGS; - THE 321 BED WAKEFIELD DIVISION (FORMERLY THE NORTH DIVISION RENAMED TO REFLECT ITS ANCHOR ROLE IN THE COMMUNITY); - MONTEFIORE WESTCHESTER SQUARE (THE FORMER NEW YORK WESTCHESTER SQUARE HOSPITAL) OPERATING AS A FREE-STANDING EMERGENCY DEPARTMENT AND AMBULATORY SURGERY FACILITY; - THE MONTEFIORE HUTCHINSON CAMPUS - THE INNOVATIVE "HOSPITAL WITHOUT BEDS" PROVIDING WORLD-CLASS TREATMENT WITH THE LATEST TECHNOLOGY AND THE BEST OF MULTIDISCIPLINARY APPROACH TO CARE, ENABLING PATIENTS TO BE TREATED EFFECTIVELY AND SAFELY WITHOUT HOSPITALIZATION. MONTEFIORE ALSO OPERATES EXTENSIVE AMBULATORY CARE SERVICES CONNECTED BY A ROBUST HEALTH INFORMATION TECHNOLOGY SYSTEM THROUGH A NETWORK OF MORE THAN 175 LOCATIONS - FROM COMMUNITY-BASED AMBULATORY CARE CENTERS TO SCHOOL-BASED HEALTH CENTERS TO MOBILE CLINICS: - MONTEFIORE'S EMERGENCY DEPARTMENTS, AMONG THE BUSIEST IN THE NATION, TREATS MORE THAN 272,000 PATIENTS ANNUALLY; - THE HOSPITAL BASED CLINICS PROVIDES OVER 485,000 VISITS A YEAR; - PHYSICIAN PRACTICES PROVIDES MORE THAN 617,000 OFFICE VISITS ANNUALLY; - MONTEFIORE MEDICAL GROUP, A NETWORK WITH OVER 350 DISTINGUISHED PHYSICIANS SUPPORTED BY A DEDICATED TEAM OF NURSES, HEALTH EDUCATORS AND OTHER HIGHLY QUALIFIED MEDICAL PROFESSIONALS, WORKING AT MORE THAN 20 COMMUNITY BASED LOCATIONS THROUGHOUT THE BRONX AND WESTCHESTER PROVIDES OVER 617,000 VISITS A YEAR; - MONTEFIORE HOME CARE PROGRAM PROVIDES OVER 205,000 VISITS EACH YEAR TO HOMEBOUND PATIENTS; - THE MONTEFIORE SCHOOL HEALTH PROGRAM, THE LARGEST IN THE NATION, WITH 31 SCHOOL-BASED HEALTH CENTERS SERVING MORE THAN 94,000 CHILDREN ANNUALLY; - THE MONTEFIORE SUBSTANCE ABUSE AND TREATMENT PROGRAM OPERATING MULTIPLE SUBSTANCE ABUSE TREATMENT SITES OFFERING DRUG TREATMENT AND REHABILITATION SERVICES AND COMPREHENSIVE PRIMARY CARE TO RECOVERING ABUSERS IN COMMUNITIES ACROSS THE BRONX; - TARGETED OUTREACH SERVICES TO AT-RISK POPULATIONS INCLUDING PROGRAMS SERVING THE HOMELESS AND VICTIMS OF DOMESTIC VIOLENCE, MOTHERS AT RISK OF PREMATURE BIRTH, AS WELL AS SERVICES TO HOMEBOUND AND/OR FRAGILE SENIORS IN COMMUNITY-BASED SETTINGS THROUGHOUT THE BRONX. AT THE INTERSECTION OF ALBERT EINSTEIN COLLEGE OF MEDICINE AND MONTEFIORE ARE CENTERS OF EXCELLENCE IN CANCER CARE, CARDIOVASCULAR SERVICES, THE CHILDREN'S HOSPITAL, TRANSPLANTATION AND NEUROSCIENCES. IN THESE CENTERS, RENOWNED INVESTIGATORS AND MULTIDISCIPLINARY CLINICAL TEAMS COLLABORATE TO DEVELOP AND DELIVER THE ADVANCED, INNOVATIVE CARE AVAILABLE ONLY AT PREMIER ACADEMIC MEDICAL CENTERS AND THE SEAMLESS CONTINUUM OF SERVICES THAT ENSURES AN IDEAL PATIENT EXPERIENCE. MONTEFIORE MEDICAL CENTER IS GUIDED BY A MISSION TO PROVIDE HIGH QUALITY CARE FOR ALL ITS PATIENTS, INCLUDING THOSE IN OUR SERVICE AREA WHO LACKS HEALTH INSURANCE COVERAGE AND WHO CANNOT PAY FOR ALL OR PART OF THE ESSENTIAL CARE THEY RECEIVE. THE MEDICAL CENTER IS COMMITTED TO MAINTAINING CHARITY CARE POLICIES THAT ARE CONSISTENT WITH ITS MISSION AND VALUES OF ADVANCING THE HEALTH OF THE COMMUNITIES THAT IT SERVES IN PROVIDING ONE STANDARD OF EXCELLENT CARE TO ALL PATIENTS REGARDLESS OF THEIR BACKGROUND OR ABILITY TO PAY. FOR MORE THAN 100 YEARS, MONTEFIORE HAS BEEN A LEADER IN INNOVATIONS, NEW TREATMENTS, NEW PROCEDURES AND NEW APPROACHES TO PATIENT CARE THAT HAS PRODUCED STELLAR OUTCOMES AND HELPED TO RAISE THE BAR FOR MEDICAL CENTERS IN THE REGION AND NATIONALLY. AS MONTEFIORE BUILDS ON THIS MOMENTUM AND THESE ACCOMPLISHMENTS, WE CONTINUE TO STRIVE TO ADVANCE THE PRACTICE OF MEDICINE AND SET THE STANDARDS FOR EXCELLENCE.
    Expenses $4,402,906,996 · revenue $5,282,144,036
  • MEDICAL EDUCATION & RESEARCH MEDICAL EDUCATION MONTEFIORE IS THE UNIVERSITY HOSPITAL FOR ALBERT EINSTEIN COLLEGE OF MEDICINE, ONE OF THE NATION'S PREMIER INSTITUTIONS FOR MEDICAL EDUCATION, BASIC RESEARCH AND CLINICAL INVESTIGATIONS. THIS STRONG ALIGNMENT ENABLES MONTEFIORE TO ADVANCE CLINICAL AND TRANSLATIONAL RESEARCH RESULTS MORE RAPIDLY TO THE BEDSIDE AND TO THE MEDICAL COMMUNITY, AND EDUCATE THE NEXT GENERATION OF PHYSICIANS, HEALTHCARE LEADERS AND INVESTIGATORS. IN PLACE ARE EXTENSIVE TRAINING PROGRAMS FOR MEDICAL STUDENTS, RESIDENTS AND FELLOWS. THROUGH THE SECOND-LARGEST MEDICAL RESIDENCY PROGRAM IN THE COUNTRY, MONTEFIORE PROVIDES POSTGRADUATE CLINICAL TRAINING TO MORE THAN 1,250 RESIDENTS ACROSS 89 ACCREDITED RESIDENCY AND FELLOWSHIP PROGRAMS. OUR PROGRESSIVE FOCUS ON COMPREHENSIVE RATHER THAN FRAGMENTED CARE PROVIDES THE IDEAL TRAINING GROUND FOR HEALTHCARE LEADERS OF THE FUTURE. TO REMAIN ON THE CUTTING-EDGE OF TRAINING, WE DEVELOP AND EXPAND PROGRAMS THAT ADVANCE TEAMWORK, COMMUNICATION AND DECISION-MAKING PROVIDING THE DOCTORS OF TOMORROW A UNIQUE OPPORTUNITY FOR EDUCATION AND TRAINING IN ONE OF THE MOST DIVERSE URBAN AREAS IN THE COUNTRY CARING FOR A GLOBAL POPULATION WHERE THE DISEASE BURDEN IS HIGH AND THE NEED FOR QUALITY CARE IS GREAT. THESE PROGRAMS, COUPLED WITH MONTEFIORE'S MISSION AND VISION DRAW RESIDENTS FROM TOP MEDICAL SCHOOLS WHO ARE PARTICULARLY COMMITTED TO INCREASING ACCESS TO EXCELLENT CARE IN UNDERSERVED POPULATION. MONTEFIORE IS DEDICATED TO CULTIVATING ETHICAL AND PROFESSIONAL DEVELOPMENT OF ALL OF ITS TRAINEES. MONTEFIORE'S PHYSICIANS ARE AT THE FOREFRONT OF THEIR FIELDS, ACTIVELY MENTORING AND CULTIVATING A NEW GENERATION OF PHYSICIANS AND SCIENTISTS COMMITTED TO OUR MISSION AND VALUES OF ADVANCING THE FRONT LINE OF HEALTH AND LEADING THE WAY IN TWENTY-FIRST CENTURY MEDICINE AND PATIENT CARE. MONTEFIORE TRAINING EXPERIENCE CLINICALLY ADVANCED AND GROUNDED IN OUR ORGANIZATIONAL VALUES OF HUMANITY, INNOVATION, TEAMWORK AND EQUITY - EXTENDS TO ALL DISCIPLINES. ON AN AVERAGE OVER 1,750 UNDERGRADUATE AND GRADUATE NURSING STAFF TRAIN AT MONTEFIORE AS DID HUNDREDS OF SOCIAL WORKERS, NUTRITIONISTS AND PHARMACISTS. MONTEFIORE TRAINING ALSO EXTENDS BEYOND THE GRADUATE LEVEL. THE CENTER FOR CONTINUING MEDICAL EDUCATION (CCME) AT MONTEFIORE MEDICAL CENTER AND ALBERT EINSTEIN COLLEGE OF MEDICINE, FOUNDED IN 1976, IS ACCREDITED BY THE ACCREDITATION COUNCIL FOR CONTINUING MEDICAL EDUCATION (ACCME). THE CENTER HAS PROVIDED HUNDREDS OF CME ACTIVITIES AND CME CREDITS TO THOUSANDS OF PRACTITIONERS. RECOGNIZING THE VITAL IMPORTANCE OF DEVELOPING AND EMBRACING INNOVATIVE TECHNIQUES AND TREATMENTS, MONTEFIORE IS COMMITTED TO THE UTILIZATION OF RESOURCES FOR THE ADVANCEMENT OF PHYSICIANS' EDUCATION AND DELIVERY OF CARE. RESEARCH MONTEFIORE'S LARGE BIOMEDICAL AND CLINICAL RESEARCH INITIATIVES INCLUDE INQUIRY INTO A RANGE OF MEDICAL AND HEALTH CARE DELIVERY ISSUES, INCLUDING BASIC RESEARCH INTO THE FUNDAMENTAL PROCESS OF DISEASE AND ITS TREATMENT IN HUMANS, CLINICAL TRIALS AND RELATED CLINICAL RESEARCH AND RESEARCH INTO THE ORGANIZATION AND MANAGEMENT OF HEALTH CARE SERVICES. MONTEFIORE IS AMONG 38 ACADEMIC MEDICAL CENTERS NATIONWIDE, AT THAT TIME, TO BE AWARDED THE PRESTIGIOUS CLINICAL AND TRANSLATIONAL SCIENCE AWARD (CTSA) BY THE NATIONAL INSTITUTES OF HEALTH (NIH). THE NATIONAL INSTITUTES OF HEALTH, ALONG WITH OTHER FEDERAL, STATE AND OTHER FUNDING, SUPPORTS RESEARCH IN SUCH AREAS AS AIDS, ONCOLOGY, PEDIATRICS, ANESTHESIOLOGY, EMERGENCY MEDICINE, NEUROLOGY, PATHOLOGY, SOCIAL MEDICINE AND OTHER CLINICAL PROGRAMS. MONTEFIORE AND EINSTEIN ARE ALIGNED AROUND SHARED GOALS, WITH SPECIAL EMPHASIS ON ADVANCING CLINICAL AND TRANSLATIONAL RESEARCH TO ACCELERATE THE PACE AT WHICH NEW DISCOVERIES BECOME THE TREATMENTS AND THERAPIES OF TODAY. AT THE HEART OF MONTEFIORE MEDICAL CENTER'S PIONEERING RESEARCH INITIATIVES IS ITS UNIQUE PARTNERSHIP WITH ALBERT EINSTEIN COLLEGE OF MEDICINE. SINCE 1963, MONTEFIORE HAS SERVED AS THE UNIVERSITY HOSPITAL OF ALBERT EINSTEIN COLLEGE OF MEDICINE (EINSTEIN), A POWERFUL COLLABORATION BETWEEN TWO OF THE NATION'S PREEMINENT MEDICAL INSTITUTIONS THAT FOSTERS THE CREATION OF KNOWLEDGE BY ATTRACTING WORLD-RENOWNED LEADERS IN THEIR FIELDS AND PROMOTING OPPORTUNITIES FOR BASIC TRANSLATIONAL AND CLINICAL RESEARCH. THIS BOND WAS STRENGTHEN FURTHER IN 2015 WHEN MONTEFIORE ASSUMED OPERATIONAL AND FINANCIAL CONTROL OF THE COLLEGE AND, MORE RECENTLY, WHEN MONTEFIORE EINSTEIN, INC., THE PARENT ORGANIZATION OF THE MONTEFIORE HEALTH SYSTEM, INC., BECAME THE SOLE MEMBER OF THE COLLEGE. MONTEFIORE AND EINSTEIN TOGETHER HAVE SUCCESSFULLY COLLABORATED TO SECURE A NATIONAL INSTITUTE OF HEALTH FUNDED $22.5 MILLION CLINICAL AND TRANSLATIONAL SCIENCE AWARD TO CREATE A RESEARCH INFRASTRUCTURE TO SUPPORT AND PROMOTE CLINICAL AND TRANSLATIONAL RESEARCH. MONTEFIORE RESEARCHERS ARE CURRENTLY INVOLVED IN MORE THAN 500 CLINICAL TRIALS AND RESEARCH STUDIES, HELPING TO TRANSLATE SCIENTIFIC BREAKTHROUGHS INTO CUTTING EDGE DIAGNOSTICS AND INNOVATIVE TREATMENTS.
    Expenses $569,193,043 · grants $878,664 · revenue $239,031,060
  • COMMUNITY SERVICES SERVICES TO THE COMMUNITY ARE AN EXPLICIT AND ESSENTIAL COMPONENT OF MONTEFIORE'S MISSION AND ONE OF ITS MOST VALUED TRADITIONS. THE MEDICAL CENTER HAS A LONG HISTORY OF REACHING BEYOND THE WALLS OF ITS HOSPITALS TO IDENTIFY AND MEET THE NEEDS OF ITS COMMUNITY AND HAS BEEN A NATIONAL LEADER IN ORGANIZING AND EXPANDING COMMUNITY-BASED SERVICES. MONTEFIORE'S COMMITMENT TO THE COMMUNITY HAS REQUIRED A MULTIFACETED, CONTINUALLY EVOLVING RESPONSE, IN WHICH THE UNIQUE CAPACITIES OF THE ACADEMIC MEDICAL CENTER ARE MOBILIZED TO IMPROVE THE LIVES OF THE PEOPLE AND THE COMMUNITIES SERVED-NOT JUST MEDICALLY, BUT SOCIALLY, ECONOMICALLY AND ENVIRONMENTALLY, WHEREVER AND WHENEVER RESOURCES CAN MAKE A DIFFERENCE. THE MEDICAL CENTER HAS MAINTAINED AND EXPANDED ITS RANGE OF COMMUNITY SERVICES, REACHING OUT TO AND SERVING UN-MET HEALTH NEEDS, INCLUDING THOSE WITH POOR ACCESS TO COMPREHENSIVE PRIMARY CARE, AT-RISK AND HARD TO REACH CHILDREN AND THEIR FAMILIES, UNDERSERVED AND AT-RISK SENIOR CITIZENS, THOSE AFFECTED BY CANCER, THOSE AFFECTED BY THE CONTINUING HIV EPIDEMIC IN THE BRONX, PERSONS WITH OR AT-RISK FOR TUBERCULOSIS INFECTION, PERSONS AFFECTED WITH PROBLEMS OF SUBSTANCE ABUSE, THE HOMELESS, ADULTS AND CHILDREN WITH LIMITED ACCESS TO PRIMARY DENTAL CARE AND THOSE AFFECTED BY CHRONIC HEALTH CARE DISEASES SUCH AS CONGESTIVE HEART FAILURE, DIABETES AND ASTHMA. EMBRACING ITS SOCIAL RESPONSIBILITY TO THE COMMUNITY, MONTEFIORE IS NATIONALLY KNOWN AS A PIONEER IN PROGRAMS THAT ARE TAILORED TO THE SPECIFIC NEEDS OF THE COMMUNITY. MONTEFIORE HAS BEEN IN THE VANGUARD OF INTERVENTION TO COMBAT SUCH CONDITIONS AS HIV DISEASE, TUBERCULOSIS AND LEAD POISONING PREVENTION. MONTEFIORE HAS SHARPENED THE FOCUS ON SUCH ISSUES AS CHILDHOOD OBESITY, DIABETES, IMPROVING COMMUNITY ACCESS TO FRESH, HEALTHY FOODS AT GREEN MARKETS AND REDUCING HEALTHCARE DISPARITIES. MONTEFIORE IS ALIGNING COMPONENTS OF THE DELIVERY SYSTEM TO HELP IMPROVE PUBLIC OUTCOMES AND BUILDING BEHAVIORAL AND POPULATION-BASED RESEARCH TO IDENTIFY BEST PRACTICES. THE COMMUNITY SERVED BY MONTEFIORE, BY SEVERAL MEASURES, FACES MANY CHALLENGES. IT IS RANKED THE POOREST URBAN COUNTY IN THE COUNTRY, LEADS THE NATION IN RATES OF DIABETES AND OBESITY AND OTHER CHRONIC CONDITIONS AND LEADS NEW YORK CITY IN A HOST OF SIGNIFICANT MARKERS: PEOPLE IN "FAIR OR POOR HEALTH", LOW BIRTH WEIGHT, TEEN PREGNANCY, CHILDREN IN POVERTY, DISABLED INDIVIDUALS AND FAMILIES LIVING BELOW THE POVERTY LINE. MONTEFIORE IS CONTINUOUSLY WORKING TO HELP THE COMMUNITY MAINTAIN A SENSE OF SECURITY AND ECONOMIC STABILITY, AS WELL AS TO IMPROVE SUCH QUALITY-OF-LIFE FUNDAMENTALS AS EDUCATION AND AFFORDABLE HOUSING. MONTEFIORE SEEKS ADVANCE LIFE IN THE BRONX BEYOND THE TRADITIONAL BOUNDS OF HEALTHCARE, BY LEADING DEVELOPMENT EFFORTS, PROMOTING SAFE AND PRODUCTIVE NEIGHBORHOODS AND TAKING A LEADERSHIP ROLE IN COMMUNITY BUSINESS DEVELOPMENT. MONTEFIORE IS AN ADVOCATE AND PARTNER WITH OUR NEIGHBORS IN THE BRONX, HELPING TO SUSTAIN THE COMMUNITY THAT SUSTAINS US.
    Expenses $66,712,680 · grants $341,985

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
13-1740114
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
1938
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E220)
Assets (IRS master file)
$4,988,192,084
Income (IRS master file)
$5,916,610,122

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$5,908,041,192$5,619,420,589$4,988,192,084XML
990-TDecember 2024–––IRS
990December 2023$5,057,497,655$5,003,322,926$4,597,467,871XML
990-TDecember 2023–––IRS
990December 2022$4,590,891,278$4,653,244,153$4,574,684,802IRS
990-TDecember 2022–––IRS
990December 2021–––IRS
990-TDecember 2021–––IRS
990December 2020–––IRS
990-TDecember 2020–––IRS
990December 2018–––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 13-1740114).

Questions about MONTEFIORE MEDICAL CENTER

What is the EIN of MONTEFIORE MEDICAL CENTER?
The employer identification number (EIN) of MONTEFIORE MEDICAL CENTER is 13-1740114.
Is MONTEFIORE MEDICAL CENTER tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1938.
Are donations to MONTEFIORE MEDICAL CENTER tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MONTEFIORE 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 MONTEFIORE 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 MONTEFIORE 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 MONTEFIORE MEDICAL CENTER?
The 990 for the year ended December 31, 2024 names PHILIP O OZUAH MD PHD.
Who are the officers and directors of MONTEFIORE MEDICAL CENTER?
The 990 for the year ended December 31, 2024 lists 42 people; 5 received compensation from the organization.
How much revenue does MONTEFIORE MEDICAL CENTER have?
On its 990 for the year ended December 31, 2024 it reported revenue of $5,908,041,192, expenses of $5,619,420,589 and total assets of $4,988,192,084 at year end.

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