Nonprofit · EIN 46-1404597
ICAHN MEDICAL RESEARCH FOUNDATION
Tax-exempt · SUNNY ISLES BEACH, FL 33160
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,027,792 | $7,880,771 | -$3,852,979 | $78,223,402 | $58,400,019 | $19,823,383 |
| December 31, 2023 | 990 | $21,749,274 | $4,187,961 | $17,561,313 | $86,080,352 | $62,403,990 | $23,676,362 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $4,025,190
- Program service revenue
- $0
- Investment income
- $2,602
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $1,064,630
- Salaries, compensation and benefits (total)
- $1,280,597
- Professional fundraising fees
- $0
- Legal fees
- $187
- Accounting fees
- $43,376
- Occupancy
- $6,515,432
- Depreciation
- $37,418
- Program services (functional)
- $7,833,447
- Management and general (functional)
- $47,324
Balance sheet and other
- Total assets, start of year
- $86,080,352
- Total assets, end of year
- $78,223,402
- Total liabilities, end of year
- $58,400,019
- Net assets, end of year
- $19,823,383
- Land, buildings and equipment
- $13,954
- Net assets without donor restrictions
- -$58,325,738
- Net assets with donor restrictions
- $78,149,121
- Gross receipts
- $4,027,792
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2012
- State of legal domicile
- DE
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 |
|---|---|---|---|---|
| SCHAHRAM AKBARIAN | ICAHN SCHOLAR Highest-paid employee | 40 | $182,722 | $14,933 |
| MANSI SAXENA | DIR., VACCINE & CELL THERAPY LAB Highest-paid employee | 40 | $103,762 | $14,254 |
| CARL C ICAHN | PRESIDENT, DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
| GAIL GOLDEN-ICAHN | VP, SECRETARY Officer | 1 | $0 | $0 |
| GREGORY L BONYNE | VICE PRESIDENT/TAXES Officer | 1 | $0 | $0 |
| ROWELLA ASUNCION-GUMABONG | VICE PRESIDENT/TREASURER Officer | 1 | $0 | $0 |
| JESSE LYNN | VICE PRESIDENT Officer | 1 | $0 | $0 |
| TED PAPAPOSTOLOU | VICE PRESIDENT (AS OF 07/2024) Officer | 1 | $0 | $0 |
| HUNTER GARY | VICE PRESIDENT (THRU 07/2024) Officer | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SCHAHRAM AKBARIAN | ICAHN SCHOLAR Highest-paid employee | 40 | $141,068 | $10,932 |
| CARL C ICAHN | PRESIDENT, DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
| GAIL GOLDEN-ICAHN | VP, SECRETARY Officer | 1 | $0 | $0 |
| JORDAN BLEZNICK | VICE PRESIDENT/TAXES (THRU 04/23) Officer | 1 | $0 | $0 |
| GREGORY L BONYNE | VICE PRESIDENT/TAXES (AS OF 05/23) Officer | 1 | $0 | $0 |
| ROWELLA ASUNCION-GUMABONG | VP, TREASURER Officer | 1 | $0 | $0 |
| JESSE LYNN | VICE PRESIDENT Officer | 1 | $0 | $0 |
| HUNTER GARY | VICE PRESIDENT Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 16690 COLLINS AVE 12TH FLOOR, SUNNY ISLES BEACH, FL 33160-5684
- In care of
- % IRENE MARCH
- Principal officer (990 for 2024)
- CARL C ICAHN, 16690 COLLINS AVE 12TH FLOOR, SUNNY ISLES BEACH, FL 33160
- Signed the 990
- GREGORY BONYNE, VP-TAXES
- Phone
- (305) 422-4000
- Return prepared by
- GRANT THORNTON ADVISORS LLC
Mission
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.
Program accomplishments
- 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 2024, THE FOUNDATION DID NOT GENERATE REVENUE ASSOCIATED WITH THESE SERVICES.Expenses $7,833,447
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
- 46-1404597
- 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
- 2013
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E05)
- Assets (IRS master file)
- $78,223,402
- Income (IRS master file)
- $4,027,792
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,027,792 | $7,880,771 | $78,223,402 | IRS |
| 990 | December 2023 | $21,749,274 | $4,187,961 | $86,080,352 | XML |
| 990 | December 2022 | $1,891,008 | $14,222,631 | $116,319,039 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 46-1404597).
Questions about ICAHN MEDICAL RESEARCH FOUNDATION
- What is the EIN of ICAHN MEDICAL RESEARCH FOUNDATION?
- The employer identification number (EIN) of ICAHN MEDICAL RESEARCH FOUNDATION is 46-1404597.
- Is ICAHN MEDICAL RESEARCH FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to ICAHN MEDICAL RESEARCH FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ICAHN MEDICAL RESEARCH FOUNDATION 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 ICAHN MEDICAL RESEARCH FOUNDATION 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 ICAHN MEDICAL RESEARCH FOUNDATION 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 ICAHN MEDICAL RESEARCH FOUNDATION?
- The 990 for the year ended December 31, 2024 names CARL C ICAHN.
- Who are the officers and directors of ICAHN MEDICAL RESEARCH FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 9 people; 2 received compensation from the organization, the highest $182,722 (SCHAHRAM AKBARIAN, ICAHN SCHOLAR).
- How much revenue does ICAHN MEDICAL RESEARCH FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,027,792, expenses of $7,880,771 and total assets of $78,223,402 at year end.
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