MT SINAI HEALTH CARE FOUNDATION Charity Report

Public IRS 990 nonprofit record

MT SINAI HEALTH CARE FOUNDATION

EIN 34-1777878 · Health Care (E112)

What they do

The Mt. Sinai Health Foundation Improves The Health of Greater Cleveland By Investing Resources, Convening, and Collaborating - With A Focus On: - Equitable Health Outcomes- Health of The Jewish Community- Academic Medicine and Bioscience - Health Policy

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $91.00 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 charity tells us what it is trying to do.

They name their leaders31 people are listed in the latest report.

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

Money made simple

132.64%of revenue went to mission work91.0% of expenses · Program services

$145.77spent for every $100 of revenueSpending was higher than revenue this year.

13.13%of revenue went to management and office costs9.0% of expenses

$20.02in assets for every $1 spent this yearSome assets cannot be spent right away.

0.5%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 $2,972,800 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $465,803 for MITCHELL BALK (PRESIDENT). 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$6,494,857

Mission workProgram services$8,614,759132.64% of revenue91.0% of expenses

ManagementOffice and general costs$852,89813.13% of revenue9.0% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$9,467,657145.77% 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: 91.0% mission · 9.0% management · 0.0% fundraisingTotal expenses: 145.77% of revenue

2023Expense mix: 86.0% mission · 14.0% management · 0.0% fundraisingTotal expenses: 118.20% of revenue

2022Expense mix: 92.7% mission · 7.3% management · 0.0% fundraisingTotal expenses: 366.85% of revenue

2021Expense mix: 91.8% mission · 8.2% management · 0.0% fundraisingTotal expenses: 159.90% of revenue

2020Expense mix: 91.9% mission · 8.1% management · 0.0% fundraisingTotal expenses: 25.50% of revenue

2019Expense mix: 92.2% mission · 7.8% management · 0.0% fundraisingTotal expenses: 215.02% of revenue

2018Expense mix: 91.6% mission · 8.4% management · 0.0% fundraisingTotal expenses: 135.55% of revenue

2017Expense mix: 92.4% mission · 7.6% management · 0.0% fundraisingTotal expenses: 69.75% of revenue

Money in and money out

Revenue$6,494,857

Expenses$9,467,657

Annual shortfall $2,972,800 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)$8,614,759 · 91.0% of expenses

Management and office costs$852,898 · 9.0% of expenses

See all reported dollar amounts

Revenue$6,494,857

Expenses$9,467,657

Assets$189,581,658

Income$27,158,065

Contributions$34,021

Mission work (program services)$8,614,759

Grants given$62,473,115

Average grant$112,971

Management and general$852,898

Executive compensation (total)$562,697

Stocks and bonds$119,261,036

Accounting fees$69,315

Investing fees$260,090

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

MITCHELL BALKPRESIDENT · 40 hrs/week $465,803Base $409,084 · Other $56,719

MELANIE GAVINFINANCIAL OFFICER · 40 hrs/week $133,178Base $109,656 · Other $23,522

DAN COHNVICE PRESIDENT UNTIL 7/24 · 40 hrs/week $121,332Base $108,630 · Other $12,702

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 (31)

MITCHELL BALKPRESIDENT

MELANIE GAVINFINANCIAL OFFICER

DAN COHNVICE PRESIDENT UNTIL 7/24

JEANNE K TOBINDIRECTOR

VICKIE JOHNSONDIRECTOR

THOMAS W ADLERDIRECTOR

SUSAN RATNERLIFE DIRECTOR

SUSAN HURWITZDIRECTOR

STEPHEN HOFFMANDIRECTOR

SHLOMO KOYFMAN MDDIRECTOR

SCOTT S COWENDIRECTOR

SCOTT M SIMONDIRECTOR

PETER GOLDEN JR MDDIRECTOR

MARIELY LUENGODIRECTOR

MARCY L SCHWARTZ MDDIRECTOR

JUDGE DAN A POLSTERLIFE DIRECTOR

JEREMY A PARISSECRETARY

ALAN ROSSKAMMDIRECTOR

JAMES A RATNERVICE-CHAIR

J DAVID HELLERTREASURER

IRA C KAPLANCHAIR

INDIA PIERCE LEEDIRECTOR

HALLIE BRAM KOGELSCHATZDIRECTOR

DARRELL L MCNAIRDIRECTOR

CHERYL L DAVISDIRECTOR

BRIAN ROTHSTEINVICE PRESIDENT AS OF 2/25

BRAD SCHLANGDIRECTOR

BETH W BRANDONDIRECTOR

BETH D ROSENBERGVICE-CHAIR

AUGUST NAPOLIDIRECTOR

AMY MAIN MORGENSTERNDIRECTOR

About this charity

Recognized since: January 1994
Location: 10501 EUCLID AVE SECOND FLOOR, CLEVELAND, OH 44106-2204
County: Cuyahoga
In care of: % MELANIE GAVIN
Primary officer: Mitchell Balk, President

How to reach them

WebsiteVisit the charity’s website Emailinfo@mtsinaifoundation.org Phone(216) 421-5500

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: RSM US LLP
NTEE classification: Health Care (E112)
IRS tax category: Other Grantmaking and Giving Services
Grant-giving organization: Yes