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Nonprofit · EIN 59-1711400

MOUNT SINAI MEDICAL CENTER FOUNDATION INC

Tax-exempt · MIAMI BEACH, FL 33140

Financials

$83.4M$28.3M2023$76.5M$22.6M2024
Revenue Expenses · by fiscal year end
Financials of MOUNT SINAI MEDICAL CENTER FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$76,547,259$22,604,049$53,943,210$569,968,654$514,730$569,453,924
December 31, 2023990$83,418,563$28,283,287$55,135,276$492,637,947$657,457$491,980,490
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$48,931,837
Program service revenue
$0
Investment income
$27,615,422
Net gain from sales of assets
$18,289,738
Other revenue
$0

Expenses

Grants and similar amounts paid
$14,711,230
Compensation of officers, directors and key employees
$546,964
Other salaries and wages
$1,096,457
Salaries, compensation and benefits (total)
$1,917,439
Professional fundraising fees
$0
Legal fees
$5,333
Accounting fees
$105,195
Program services (functional)
$20,359,934
Management and general (functional)
$1,647,922
Fundraising (functional)
$596,193

Balance sheet and other

Total assets, start of year
$492,637,947
Total assets, end of year
$569,968,654
Total liabilities, end of year
$514,730
Net assets, end of year
$569,453,924
Publicly traded securities
$349,768,604
Net assets without donor restrictions
$307,551,000
Net assets with donor restrictions
$261,902,924
Gross receipts
$180,274,490
Employees
11
Volunteers
0
Year formed
1976
State of legal domicile
FL

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
GINO SANTORIODIRECTOR, PRESIDENT/CEO MS
Trustee or director
0.5$0$2,457,810$77,682
MAX SKLARVICE PRESIDENT
Trustee or director, Officer
60$508,075$0$38,889
MICHAEL MILBERGCHIEF DEV. OFF./DIRECTOR
Former
60$312,860$0$0
DENA WILLMANAVP OF DEVELOPMENT
Highest-paid employee
60$179,282$0$34,772
MICHAEL MOWATTAVP OF DEVELOPMENT
Highest-paid employee
60$178,201$0$31,475
MIA OLSEN GLASSBERGAVP OF DEVELOPMENT
Highest-paid employee
60$178,474$0$22,382
STEVEN D SONENREICHFORMER DIRECTOR
Former
0$0$187,500$0
ELISE LIPOFF MAYEROPERATIONS DIRECTOR
Highest-paid employee
60$113,492$0$56,952
DR ANTONIO FERNANDEZPRESIDENT
Trustee or director, Officer
0.5$0$1,800$0
IAN BEHARDIRECTOR
Trustee or director
0.5$0$0$0
RICHARD BRESSLERDIRECTOR (AS OF 1/24)
Trustee or director
0.5$0$0$0
TOGG DAGRESDIRECTOR (AS OF 1/24)
Trustee or director
0.5$0$0$0
DAVID DEUTCHDIRECTOR
Trustee or director
0.5$0$0$0
NATHALIE DOOBINDIRECTOR (AS OF 1/24)
Trustee or director
0.5$0$0$0
MICK DUCHONDIRECTOR
Trustee or director
0.5$0$0$0
25 more people on this return
NameTitleHours / weekCompensation
NORMAN S EDELCUPDIRECTOR/SECRETARY
Trustee or director, Officer
0.5$0
BONNIE LITMAN GATOFDIRECTOR (AS OF 1/24)
Trustee or director
0.5$0
BARTON S GOLDBERGDIRECTOR
Trustee or director
0.5$0
MICHAEL S GOLDBERGDIRECTOR
Trustee or director
0.5$0
JAY GOLDMANDIRECTOR
Trustee or director
0.5$0
JESSICA HILDEBRANDTDIRECTOR (AS OF 1/24)
Trustee or director
0.5$0
MARK H HILDEBRANDTDIRECTOR
Trustee or director
0.5$0
SHEILA HOLLODIRECTOR
Trustee or director
0.5$0
JEFFREY B KINDLERDIRECTOR
Trustee or director
0.5$0
R LEE KRELSTEINDIRECTOR
Trustee or director
0.5$0
JORDAN LEVYDIRECTOR
Trustee or director
0.5$0
WARREN LICHTENSTEINDIRECTOR (AS OF 1/24)
Trustee or director
0.5$0
PAMELA LIEBMANVICE PRESIDENT/DIRECTOR
Trustee or director, Officer
0.5$0
JASON LOEBDIRECTOR
Trustee or director
0.5$0
JAY PARKERDIRECTOR
Trustee or director
0.5$0
STEVEN PRICEDIRECTOR (AS OF 1/24)
Trustee or director
0.5$0
MARK REVITZDIRECTOR
Trustee or director
0.5$0
MARC ROBERTSDIRECTOR
Trustee or director
0.5$0
ADAM ROSENFELDDIRECTOR
Trustee or director
0.5$0
MELISSA RUBINDIRECTOR
Trustee or director
0.5$0
IRA SAFERSTEINDIRECTOR
Trustee or director
0.5$0
PAUL STEVEN SINGERMANDIRECTOR (AS OF 1/24)
Trustee or director
0.5$0
BARRY SKOLNICKCHAIRMAN/DIRECTOR
Trustee or director
0.5$0
JENNIFER CHAPLIN TOLKINDIRECTOR (AS OF 1/24)
Trustee or director
0.5$0
PERRY WEITZDIRECTOR
Trustee or director
0.5$0
990 for the year ended December 31, 2023: 40 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
GINO SANTORIODIRECTOR, PRESIDENT/CEO MSMC
Trustee or director
0.5$0$1,860,277$74,144
STEVEN D SONENREICHFORMER DIRECTOR
Former
0$0$1,084,684$0
MICHAEL MILBERGCHIEF DEV. OFF./DIRECTOR (END 3/23)
Trustee or director, Officer
60$525,562$0$13,906
MAX SKLARVICE PRESIDENT
Trustee or director, Officer
60$435,262$0$16,052
MICHAEL MOWATTAVP OF DEVELOPMENT
Highest-paid employee
60$174,601$0$34,183
DENA WILLMANAVP OF DEVELOPMENT
Highest-paid employee
60$170,958$0$37,485
MIA OLSEN GLASSBERGAVP OF DEVELOPMENT
Highest-paid employee
60$136,103$0$20,924
IAN BEHARDIRECTOR (AS OF 1/23)
Trustee or director
0.5$0$0$0
KATE BLOOMDIRECTOR (AS OF 1/23)
Trustee or director
0.5$0$0$0
BARRY BRODSKYDIRECTOR
Trustee or director
0.5$0$0$0
DAVID DEUTCHDIRECTOR
Trustee or director
0.5$0$0$0
BETH DOZORETZDIRECTOR (AS OF 1/23)
Trustee or director
0.5$0$0$0
MICK DUCHONDIRECTOR
Trustee or director
0.5$0$0$0
NORMAN S EDELCUPDIRECTOR
Trustee or director
0.5$0$0$0
LISA GERSHDIRECTOR (AS OF 1/23)
Trustee or director
0.5$0$0$0
BARTON S GOLDBERGDIRECTOR
Trustee or director
0.5$0$0$0
MICHAEL S GOLDBERGDIRECTOR
Trustee or director
0.5$0$0$0
JAY GOLDMANDIRECTOR
Trustee or director
0.5$0$0$0
MARK H HILDEBRANDTDIRECTOR
Trustee or director
0.5$0$0$0
JEFFREY B KINDLERDIRECTOR (AS OF 1/23)
Trustee or director
0.5$0$0$0
R LEE KRELSTEINDIRECTOR (AS OF 1/23)
Trustee or director
0.5$0$0$0
MARICRUZ LATNERDIRECTOR
Trustee or director
0.5$0$0$0
CAROLINE BIERBAUM LEFRAKDIRECTOR (END 1/23)
Trustee or director
0.5$0$0$0
JORDAN LEVYDIRECTOR
Trustee or director
0.5$0$0$0
JASON LOEBDIRECTOR
Trustee or director
0.5$0$0$0
ROBERT MITZMANDIRECTOR
Trustee or director
0.5$0$0$0
STANLEY O'NEALDIRECTOR
Trustee or director
0.5$0$0$0
JAY PARKERDIRECTOR
Trustee or director
0.5$0$0$0
MARK REVITZDIRECTOR
Trustee or director
0.5$0$0$0
MARC ROBERTSDIRECTOR (AS OF 1/23)
Trustee or director
0.5$0$0$0
ADAM ROSENFELDDIRECTOR
Trustee or director
0.5$0$0$0
MELISSA RUBINDIRECTOR
Trustee or director
0.5$0$0$0
IRA SAFERSTEINDIRECTOR
Trustee or director
0.5$0$0$0
BARRY SKOLNICKCHAIRMAN/DIRECTOR
Trustee or director
0.5$0$0$0
STEPHEN TEMESDIRECTOR
Trustee or director
0.5$0$0$0
JOSHUA WALLACKDIRECTOR (AS OF 1/23)
Trustee or director
0.5$0$0$0
PERRY WEITZDIRECTOR (AS OF 1/23)
Trustee or director
0.5$0$0$0
DR ANTONIO FERNANDEZPRESIDENT (AS OF 1/23)
Trustee or director, Officer
0.5$0$0$0
SHEILA HOLLOSECRETARY/DIRECTOR
Trustee or director, Officer
0.5$0$0$0
PAMELA LIEBMANVICE PRESIDENT/DIRECTOR (AS OF 1/23)
Trustee or director, Officer
0.5$0$0$0

Address and contacts

Address (IRS master file)
4300 ALTON RD, MIAMI BEACH, FL 33140-2948
Mailing address (990-N for 2021)
4300 Alton Road, Miami Beach FL 33140
Principal officer (990 for 2024)
GINO SANTORIO, 4300 ALTON ROAD, MIAMI BEACH, FL 33140
Principal officer (990-N for 2021)
Ethridge Darlene, 659 Lake Rd, Atkins AR 72823
Signed the 990
ALEXANDER MENDEZ, EXECUTIVE VP/CFO
Phone
(305) 674-2777
Return prepared by
DELOITTE TAX LLP

Mission

TO RAISE FUNDS TO SUPPORT MOUNT SINAI MEDICAL CENTER OF FLORIDA, INC., A NOT-FOR-PROFIT ACUTE CARE TEACHING AND RESEARCH FACILITY, SO THAT IT MAY PROVIDE HIGH QUALITY HEALTH CARE TO OUR DIVERSE COMMUNITY ENHANCED THROUGH TEACHING, RESEARCH, CHARITY CARE AND FINANCIAL RESPONSIBILITY.

990 for the year ended December 31, 2024

Program accomplishments

  • THE FOUNDATION RAISES FUNDS FOR MOUNT SINAI MEDICAL CENTER, A 501(C)(3) ORGANIZATION, FOR CAPITAL AND NON-CAPITAL PURPOSES.
    Expenses $20,359,934 · grants $14,711,230

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
59-1711400
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1979
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E110)
Assets (IRS master file)
$569,968,654
Income (IRS master file)
$180,274,490

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$76,547,259$22,604,049$569,968,654IRS
990-TDecember 2024–––IRS
990December 2023$83,418,563$28,283,287$492,637,947XML
990-TDecember 2023–––IRS
990December 2022$47,747,589$15,672,927$397,671,758IRS
990-TDecember 2022–––IRS
990-N for 2021
Officer: Ethridge Darlene
December 31, 2021≤ $50,000 receipts––e-Postcard
990December 2021–––IRS
990-TDecember 2021–––IRS
990December 2020–––IRS
990-TDecember 2020–––IRS
990December 2018–––IRS
990December 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 59-1711400).

Questions about MOUNT SINAI MEDICAL CENTER FOUNDATION INC

What is the EIN of MOUNT SINAI MEDICAL CENTER FOUNDATION INC?
The employer identification number (EIN) of MOUNT SINAI MEDICAL CENTER FOUNDATION INC is 59-1711400.
Is MOUNT SINAI MEDICAL CENTER FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1979.
Are donations to MOUNT SINAI MEDICAL CENTER FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MOUNT SINAI MEDICAL CENTER FOUNDATION INC 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 MOUNT SINAI MEDICAL CENTER FOUNDATION INC 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 MOUNT SINAI MEDICAL CENTER FOUNDATION INC 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 MOUNT SINAI MEDICAL CENTER FOUNDATION INC?
The 990 for the year ended December 31, 2024 names GINO SANTORIO.
Who are the officers and directors of MOUNT SINAI MEDICAL CENTER FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 40 people; 6 received compensation from the organization.
How much revenue does MOUNT SINAI MEDICAL CENTER FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $76,547,259, expenses of $22,604,049 and total assets of $569,968,654 at year end.

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