MAIMONIDES MEDICAL CENTER Charity Report

Public IRS 990 nonprofit record

MAIMONIDES MEDICAL CENTER

EIN 11-1635081 · Health Care (E220)

What they do

SEE SCHEDULE O

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $80.20 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe explanation is very short. Ask what work they really do.

They name their leaders42 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

82.37%of revenue went to mission work80.2% of expenses · Program services

0.14%of revenue went to fundraising0.1% of expenses

$102.64spent for every $100 of revenueSpending was higher than revenue this year.

20.14%of revenue went to management and office costs19.6% of expenses

$1.05in assets for every $1 spent this yearSome assets cannot be spent right away.

8.7%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $47,771,069 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $3,551,560 for JACOB SHANI MD (CHAIR, CARDIOLOGY). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,807,630,671

Mission workProgram services$1,488,889,51082.37% of revenue80.2% of expenses

ManagementOffice and general costs$364,065,74120.14% of revenue19.6% of expenses

FundraisingAsking for donations$2,446,4890.14% of revenue0.1% of expenses

Total expenses$1,855,401,740102.64% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 80.2% mission · 19.6% management · 0.1% fundraisingTotal expenses: 102.64% of revenue

2023Expense mix: 79.2% mission · 20.7% management · 0.1% fundraisingTotal expenses: 102.04% of revenue

2022Expense mix: 78.6% mission · 21.3% management · 0.2% fundraisingTotal expenses: 104.50% of revenue

2021Expense mix: 79.9% mission · 20.0% management · 0.1% fundraisingTotal expenses: 112.50% of revenue

2020Expense mix: 84.9% mission · 15.0% management · 0.1% fundraisingTotal expenses: 97.88% of revenue

2019Expense mix: 84.8% mission · 15.1% management · 0.1% fundraisingTotal expenses: 99.42% of revenue

2018Expense mix: 83.5% mission · 16.4% management · 0.1% fundraisingTotal expenses: 91.92% of revenue

2017Expense mix: 83.2% mission · 16.7% management · 0.1% fundraisingTotal expenses: 99.89% of revenue

Money in and money out

Revenue$1,807,630,671

Expenses$1,855,401,740

Annual shortfall $47,771,069 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,488,889,510 · 80.2% of expenses

Management and office costs$364,065,741 · 19.6% of expenses

Fundraising$2,446,489 · 0.1% of expenses

See all reported dollar amounts

Revenue$1,807,630,671

Expenses$1,855,401,740

Assets$1,951,547,415

Income$1,848,635,570

Contributions$157,800,271

Mission work (program services)$1,488,889,510

Fundraising$2,446,489

Grants given$2,894,147

Average grant$17,540

Management and general$364,065,741

Executive compensation (total)$4,193,862

Stocks and bonds$116,929,537

Accounting fees$1,025,000

Investing fees$30,912

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

JACOB SHANI MDCHAIR, CARDIOLOGY · 40 hrs/week $3,551,560Base $3,498,724 · Other $52,836

PATRICK BORGEN MDCHAIR, DEPARTMENT OF SURGERY · 40 hrs/week $2,058,300Base $1,992,061 · Other $66,239

AMIT SCHWARTZ MDDIRECTOR, NEUROSURGERY · 40 hrs/week $1,966,482Base $1,908,023 · Other $58,459

ROBERT FRANKEL MDDIR, INTERVENTIONAL CARDIOLOGY · 40 hrs/week $1,930,680Base $1,879,116 · Other $51,564

JOSHUA KERSTEIN MDASSOC DIR, CLINICAL CARDIOLOGY · 40 hrs/week $1,926,694Base $1,860,102 · Other $66,592

KENNETH GIBBSPRESIDENT & CEO · 40 hrs/week $1,815,126Base $1,757,557 · Other $57,569

JOHN MARSHALL MDEVP, MEDICAL AFFAIRS · 40 hrs/week $1,490,856Base $1,423,434 · Other $67,422

JUDY BACHMANEVP & COO · 40 hrs/week $1,361,619Base $1,350,002 · Other $11,617

ROBERT PALERMOEVP/CFO & ASSISTANT TREASURER · 40 hrs/week $1,285,185Base $1,215,860 · Other $69,325

LAURIE WEINSTEINEVP,CHIEF LEGAL OFFIC,ASST SEC · 40 hrs/week $1,146,126Base $1,088,707 · Other $57,419

DAVID COHEN MDEVP,POP HEALTH& ACADEM AFFAIRS · 40 hrs/week $984,935Base $939,922 · Other $45,013

ROBERT PRESSFORMER EVP, MEDICAL AFFAIRS $512,375

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (42)

JACOB SHANI MDCHAIR, CARDIOLOGY

PATRICK BORGEN MDCHAIR, DEPARTMENT OF SURGERY

AMIT SCHWARTZ MDDIRECTOR, NEUROSURGERY

ROBERT FRANKEL MDDIR, INTERVENTIONAL CARDIOLOGY

JOSHUA KERSTEIN MDASSOC DIR, CLINICAL CARDIOLOGY

KENNETH GIBBSPRESIDENT & CEO

JOHN MARSHALL MDEVP, MEDICAL AFFAIRS

JUDY BACHMANEVP & COO

ROBERT PALERMOEVP/CFO & ASSISTANT TREASURER

LAURIE WEINSTEINEVP,CHIEF LEGAL OFFIC,ASST SEC

DAVID COHEN MDEVP,POP HEALTH& ACADEM AFFAIRS

ROBERT PRESSFORMER EVP, MEDICAL AFFAIRS

MONICA GHITAN MDMED STAFF PRESIDENT THRU 6/24

JUAN KUPFERMAN MDMED STAFF PRESIDENT AS OF 7/24

MICHAEL ANTONIADESFORMER EVP & COO

MARTIN PAYSONTRUSTEE THRU 6/24

MARTY WAISBRODTRUSTEE

YEHOSHUA FRUCHTHANDLERTRUSTEE

MARY SINGHTRUSTEE

MICHAEL ZIEGLER ESQTRUSTEE

MORTIMER KLAUSTRUSTEE

PAUL ADDISONTRUSTEE, TREASURER, VC

PETER REBENWURZELTRUSTEE & VICE CHAIR

ROBERT FORANTRUSTEE AS OF 9/24

ROBERT MACHINISTTRUSTEE

AARON TWERSKITRUSTEE

LOFTON HOLDERTRUSTEE

JOSEPH BRUNOTRUSTEE

GEORGE LIU MDTRUSTEE THRU 6/24

GEORGE WEINBERGERTRUSTEE

FRANK NACCARATOTRUSTEE & SECRETARY

EUGENE KEILINTRUSTEE & BOARD CHAIR

ERMINIA RIVERATRUSTEE & VICE CHAIR

ELIZA NGTRUSTEE AS OF 9/24

DONNA ASTION MDTRUSTEE, VICE CHAIR

DONALD MELTZERTRUSTEE THRU 6/24

DAVID CASSATO MSGRTRUSTEE

DAVID SPIRATRUSTEE

CHAIM FISCHERTRUSTEE

AZZAM OBEIDTRUSTEE

AMY SANDGRUND-FISHERTRUSTEE AS OF 12/24

ALEX ROVT PHDTRUSTEE & VICE CHAIR THRU 6/24

About this charity

Recognized since: January 1949
Location: 4802 10TH AVE, BROOKLYN, NY 11219-2916
County: Kings
In care of: % ROBERT PALERMO EVP & CFO
Primary officer: ROBERT PALERMO, EVP,CFO & ASST TREAS

How to reach them

WebsiteVisit the charity’s website Phone(718) 283-3900

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: PWC US TAX LLP
NTEE classification: Health Care (E220)
IRS tax category: General Medical and Surgical Hospitals
Grant-giving organization: Yes