MOUNT SINAI MEDICAL CENTER FOUNDATION INC

MIAMI BEACH, FL, 33140-2948 (305) 674-2777 Est. 1976 EIN 59-1711400
E110 - Health Care 990 - Public charity return 501(c)(3)
msmcfoundation.org

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.

Giving Portfolio

Total Grants
5
Total Giving
$86.8M
Recipients
5
Years Active
2018 - 2024
Avg grant: $17,366,665 Median: $14,653,230

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
20241$14.7M $14.7M01
20231$16.5M $16.5M01
20221$9.8M $9.8M01
20201$9.7M $9.7M01
20181$36.1M $36.1M10

Sectors Funded

Health Care
5

Top States

Florida
5

Grantee Size Profile

Over $50M
5

Top Grantees

Grants Awarded · 5 grants

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Financials

Total Revenue
$76,547,259
Total Expenses
$22,604,049
Net Assets
$569,453,924
11 employees
From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve
10+ years Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↓ 8.2%
Expenses ↓ 20.1%
Revenue Sources
Contributions 63.9% Investment 36.1%
Expense Breakdown
Program 90.1% Management 7.3% Fundraising 2.6%

Officers & Trustees (40)

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Filing History (5 filings)

YearRevenueExpensesNet Assets
2024 990 - Public charity return
Jan 1, 2024 to Dec 31, 2024
$76,547,259 ↓$22,604,049$569,453,924
2023 990 - Public charity return
Jan 1, 2023 to Dec 31, 2023
$83,418,563 ↑$28,283,287$491,980,490
2022 990 - Public charity return
Jan 1, 2022 to Dec 31, 2022
$47,747,589 ↑$15,672,927$395,150,305
2020 990 - Public charity return
Jan 1, 2020 to Dec 31, 2020
$31,867,759 ↓$15,213,536$324,693,216
2018 990 - Public charity return
Jan 1, 2018 to Dec 31, 2018
$49,096,353 $41,979,938$257,074,901

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EIN: 59-1711400 · Source: IRS Form 990 e-file data