2023-11-09T14:05:11-06:00 2022-12-31 ERNST & YOUNG US LLP One Manhattan West NEW YORK NY 10001 990 2022-01-01 830621846 ALBERT EINSTEIN COLLEGE OF MEDICINE % JAMES GERAGHTY ALBE 7184302000 1300 Morris Park Avenue Bronx NY 104611975 JAMES GERAGHTY CFO & AVP 7184302000 2023-11-09 true JAMES GERAGHTY 999009999 NICOLE M SOKOLOWSKI P01683199 2127733000 2 2022 2023-04-26 12:10:37Z Philip O Ozuah MDPhD 111 East 210th Street Bronx NY 104672401 404078335 false X einsteinmed.edu X 2018 NY To advance basic science, health-related and translational research in the public interest, train ethical compassionate physicians and facilitate medical education. 33 31 2652 152 124915 89545 253982783 284282811 104620321 105282516 7848162 2367218 5057994 6804052 371509260 398736597 22525700 23356918 0 0 252820141 270024860 0 0 5311050 184897941 197322785 460243782 490704563 -88734522 -91967966 1023925401 966644660 524996354 499989302 498929047 466655358 X TO ADVANCE BASIC SCIENCE, HEALTH-RELATED AND TRANSLATIONAL RESEARCH IN THE PUBLIC INTEREST, TRAIN ETHICAL COMPASSIONATE PHYSICIANS AND FACILITATE MEDICAL EDUCATION. false false 104359428 19442233 96100543 Medical Education: Albert Einstein College of Medicine is the University Hospital for Montefiore Health serving the 3.1 million people living in the New York City region and the Hudson Valley. The College is a premier, research-intensive medical school dedicated to leading biomedical investigation and the development of ethical and compassionate physicians and scientists. In 1955, Einstein was founded as the only medical institution upon which Albert Einstein bestowed the honor of his name. Our name stake, Albert Einstein, desired that a medical school bearing his name "welcome students of all races and creedssince the inception, the College has been committed to enrolling students who are racially, ethnically and socio-economically diverse. Since than, our alumni have ranked among the nation's foremost clinicians, biomedical scientists and medical educators. Einstein strengthened its ability to thrive as a premier academic institution in 2015 by aligning with Montefiore Medicine via a joint collaboration agreement. Building upon their decades-old partnership, Einstein and Montefiore are furthering the shared core missions of research excellence, outstanding medical education and improved human health. The College M.D. program prepares tomorrow's physicians to excel in both the science and the art of medicine by combining the pursuit of scientific excellence with compassionate and humanistic care and the social mission to improve the human health through engagement in our local, national and global communities. The open and supportive community at Einstein allows for innovation and for pushing the boundaries of what is known and what is practiced. We educate our students to be catalysts for social change. Among its pioneering educational initiatives, Einstein was one of the first major medical schools to integrate bedside experience with learning, bringing first-year students into contact with patients and linking classroom study to case experience. Einstein also led the way in developing bioethics as an accepted academic discipline in medical school curricula, and was the first private medical school in New York city to establish an academic department of family medicine and was the first to create a residency program in internal medicine with an emphasis on women's health. Einstein runs one of the largest residency and fellowship training programs in the medical profession through Montefiore Medical Center and a network of affiliates that includes hospitals and medical centers in metropolitan New York. Each year, for the last decade, well over 95 percent of our students have matched to residencies, with more than a third of students going into the primary-care specialties of internal medicine, pediatrics and family medicine. Our graduates also enter research programs focusing on a broad range of subjects, from traditional disease-oriented investigations in cancer, diabetes and infectious diseases to public health and global medicine. The Ph.D. program trains promising and passionate students to become the next generation of leading scientists. The collaborative culture at Einstein is at the heart of the program. Prospective students apply directly to the Ph.D. program rather than to a specific department, allowing them to explore many areas of research before choosing from among more than 200 laboratories in which to conduct their thesis work. Our interdisciplinary graduate curriculum is known for its high level of personalized mentoring and remarkable student achievement. Einstein's extraordinary graduate experience produces independent biomedical scientists capable of carrying out significant scientific work to improve the health and well-being of humankind. Our Ph.D. program has more than 1,500 graduates employed in a wide range of scientific careers, both in academic and in nonacademic settings worldwide. The Medical Scientist Training Program (MSTP) (resulting in both M.D. and Ph.D. degrees) trains a diverse group of outstanding students as physician-scientists to become future leaders in academic medicine and medical research. Through Einstein's Global Health fellowship program, Einstein students are able to participate in clinical, public health or research experiences in developing nations to order to gain a deeper understanding of how economic and sociocultural factors influence the health of individuals and populations. These students provide much needed medical care and in the process acquire invaluable knowledge about diseases that are unique or especially prevalent in these nations. The Global Health Center boasts many initiatives worldwide, including clinical and research programs in Argentina, Brazil, Burundi, Cameroon, China, Congo, Ethiopia, Guatemala, Haiti, India, Kenya, Malawi, Mexico, Nigeria, Rwanda, South Africa, Uganda and Vietnam. The mission of the Global Health Center is to bring education, research and needed health services to the world, with the ultimate goal of reducing disparities in health and alleviating human suffering. Einstein has always had an interest in providing support for historically underrepresented students. We are committed to developing a broadly diverse cadre of clinicians, researchers and educators who can effectively promote health and address health disparities in our local community, around the nation and abroad. Our office of diversity enhancement aims to establish and maintain an environment that celebrates diversity; emphasizes professionalism and excellence; and promotes and nurtures future leaders in medicine and research. Einstein reaches out to students in the Bronx and beyond - particularly to students from underrepresented minorities - with a variety of programs designed to motivate these students in pursuing careers in Medicine, building self-confidence, advancing their leadership skills and fostering mentor relationships. 346569953 3914685 9181973 Research: While education is at the heart of Einstein's mission, it is biomedical research that drives the College of Medicine's growth. Over the past 60 years, Einstein has become a premier biomedical research institution in this region of New York City, with its scientific enterprise ranked consistently in the top 25 percent of medical schools receiving NIH funding in the last decade. Einstein is home to many NIH-funded research multidisciplinary research centers - in diabetes, intellectual and developmental disorders, aging, liver diseases, health disparities, HIV/AIDS, cardiovascular research, organ transplantation and cancer - and it also provides an extensive array of translational research cores, including tissue analysis; multiscale imaging; molecular design; and genetic and genomic, proteomic and human phenotyping. Our Strategic Plan focuses on areas where we can significantly advance science and improve human health. Our aim is to develop robust multidisciplinary research programs for adult and pediatric patients, with particular emphases in six areas: brain science; immunotherapeutics; obesity and metabolic disorders; cancer; healthcare delivery and clinical effectiveness; and RNA science and medicine. Concurrently we are advancing our Center for Experimental Therapeutics, providing researchers with resources to pursue promising experimental projects with the goal of discovering new and better therapies. Long a national leader in biomedical research support from the Federal government, Einstein received $202 million in funding from the National Institutes of Health during 2022. Much of our research is conducted in the Michael F. Price Center for Genetic and Translational Medicine/Harold and Muriel Block Research Pavilion, one of the newest, largest and "greenest" biomedical research facilities in the New York area. Einstein operates eight NIH Health & Human Services-designated centers: the Albert Einstein Cancer Center, Center for Aids research, Diabetes research center, the Harold and Muriel Block Institute for Clinical and Translational Research at Einstein and Montefiore (ICTR), Institute for Aging Research, the Marion Bessin Liver Research Center, New York Regional Center for Diabetes Translation Research, and the Rose F. Kennedy Intellectual and Developmental Disabilities Research Center. As an engine for research collaboration, the NIH-funded ICTR has been a key factor in formally alligning Einstein and Montefiore with a shared mission. The ICTR is at the leading edge in comparative effectiveness, informatics, population health and lifespan research innovation. Our investment in research has translated into improved human health. Einstein's relationship with Montefiore supports a longstanding focus on bench-to-bedside research, through which discoveries in Einstein's laboratories lead to therapies and treatments for patients on an accelerated timetable. In the last decade, Einstein researchers were the first to show that low scores on a cancer-recurrence gene test may allow breast cancer patients to skip chemotherapy. We linked a child's abnormal breathing during sleep with behavioral, emotional and relationship troubles; discovered that slow walking speed plus memory complaints are predictors of dementia; created a prototype vaccine against tuberculosis that works better in animal models than the current TB vaccine; and discovered "longevity genes" in humans. Among our many ongoing initiatives are studies of healthcare-associated infections in children in ambulatory care settings and research on HIV eradication and the use of PrEP (pre-exposure prophylaxis) to reduce the risk of contracting HIV. Einstein is currently one of just four sites nationwide taking part in a large-scale study of the health status of the Hispanic/Latino community in the Bronx, supported by the NIH. 450929381 true true false true false false false true false true true true false true true false false true true false true true false false true false false true true true true false false false false false false false false false false true false false false false true true true true false true 511 0 true 2652 true true true false false false false true true false false false false true false X 33 31 true false false false true true true true true false false true true true true true true false true false NY X JAMES GERAGHTY 7184302398 1300 MORRIS PARK AVENUE Bronx NY 104611975 PHILIP O OZUAH MD PHD CEO/TRUSTEE 1.0 59.0 X X 0 9856588 49625 Gordon Tomaselli MD Marilyn & Stanley M. Katz Dean 49.0 1.0 X 1868132 0 53022 CHRISTOPHER PANCZNER ASSISTANT SECRETARY 1.0 59.0 X X 0 1857333 41124 Edward Chu MD Director, Cancer Center 50.0 0.0 X 857953 0 51143 Edward R Burns MD Executive Dean 50.0 0.0 X 717233 0 50745 Mark F Mehler Professor 50.0 0.0 X 609133 0 31080 Michael Lipton Professor 50.0 0.0 X 551609 0 53371 Amit Kumar Verma MBBS Professor 50.0 0.0 X 540155 0 51237 Michael B Prystowsky MD Professor 50.0 0.0 X 518504 0 49813 James Geraghty Chief Financial Officer & AVP 25.0 25.0 X 211348 293848 45194 Gregg T Tarquinio Assoc Dean, Admin & Finance 50.0 0.0 X 406136 0 32035 LINDA ALTMAN TRUSTEE 1.0 0.0 X 0 0 0 DIANE BELFER TRUSTEE (Passed January 2022) 1.0 0.0 X 0 0 0 BETTY FEINBERG TRUSTEE 1.0 0.0 X 0 0 0 ARTHUR N HERSHAFT TRUSTEE 1.0 0.0 X 0 0 0 MARILYN L KATZ TRUSTEE 1.0 0.0 X 0 0 0 STANLEY M KATZ TRUSTEE 1.0 0.0 X 0 0 0 ANDREW J LAUER TRUSTEE 1.0 0.0 X 0 0 0 ARNOLD S PENNER TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL F PRICE TRUSTEE (Passed March 2022) 1.0 0.0 X 0 0 0 MICHAEL A STOCKER MD TRUSTEE 1.0 2.25 X 0 0 0 DANIEL R TISHMAN TRUSTEE 1.0 2.25 X 0 0 0 SAMUEL G WEINBERG TRUSTEE 1.0 0.0 X 0 0 0 ZYGMUNT WILF TRUSTEE 1.0 0.0 X 0 0 0 BENJAMIN J WINTER TRUSTEE 1.0 0.0 X 0 0 0 RUTH L GOTTESMAN EDD Trustee/CHAIR 1.0 1.5 X X 0 0 0 IRA M MILLSTEIN SECRETARY/CHAIR EMERITUS 1.0 0.0 X X 0 0 0 ROBERT A BELFER TRUSTEE/CHAIR EMERITUS 1.0 0.0 X X 0 0 0 NATHAN GANTCHER TREASURER 1.0 1.5 X X 0 0 0 KAREN A MANDELBAUM TRUSTEE 1.0 0.0 X 0 0 0 ANDREA BAUMAN LUSTIG TRUSTEE 1.0 0.0 X 0 0 0 Jay B Abramson Trustee 1.0 2.5 X 0 0 0 Melissa Ceriale Trustee 1.0 3.0 X 0 0 0 Alisa R Doctoroff Trustee 1.0 3.0 X 0 0 0 Catherine M Klema Trustee 1.0 3.0 X 0 0 0 Stacey R Lane Trustee 1.0 2.0 X 0 0 0 Carol B Einiger Trustee 1.0 0.0 X 0 0 0 Susan H Fuhrman PhD Trustee 1.0 0.0 X 0 0 0 Buzzy Geduld Trustee 1.0 0.0 X 0 0 0 Leslie Morse Nelson Trustee 1.0 0.0 X 0 0 0 MARLA L SCHAEFER TRUSTEE 1.0 0.0 X 0 0 0 SARAH J SCHLESINGER MD TRUSTEE 1.0 0.0 X 0 0 0 ANDREW SOMMERS TRUSTEE 1.0 0.0 X 0 0 0 George P O'Garro Trustee (As of 12/15/22) 1.0 0.0 X 0 0 0 6280203 12007769 508389 486 false true false Securitas Security Services USA In 1412 Broadway NEW YORK NY 10018 Security Services 2683438 Cannon Mechanical Corp 75-17 Cooper Avenue GLENDALE NY 11385 Contracting services 2359086 SHI International Corp 290 Davidson Avenue SOMERSET NJ 08873 Software Maintenance 995200 Trane US Inc 3600 Pammel Creek Road LA CROSSE WI 54603 Equip. Maintenance 958748 STIGroup LTD 201 Rock Road GLEN ROCK NJ 07452 IT Consulting 911076 82 526478 20000000 219948556 43807777 1284776 284282811 STUDENT TUITION & FEES 611310 59656856 59656856 0 0 AFFILIATION AGREEMENTS 561000 36443687 36443687 0 0 RESEARCH CONTRACTS 541700 9181973 9181973 0 0 105282516 3905547 0 122550 3782997 0 3676293 0 0 3676293 2525297 4949558 -2424261 0 -2424261 0 0 -2424261 -1573107 40000 0 5222 -1573107 34778 -1538329 0 2365 -1540694 95230 526478 386958 -291728 0 -291728 0 0 0 0 0 0 WRITE OFF OF CLINICAL RESERVES 900099 2839854 0 0 2839854 STEAM & OTHER UTILITIES RECOVERY 900099 616974 0 0 616974 CAFETERIA & VENDING INCOME 722514 477041 0 0 477041 1909879 0 0 1909879 5843748 398736597 105282516 124915 9046355 35000 35000 19407233 19407233 3914685 3914685 0 3361249 941196 2420053 0 209493495 196136834 9940831 3415830 11827310 11333478 293692 200140 34092839 31706005 1836269 550565 11249967 10438857 629974 181136 0 2711761 1184357 1527404 0 1340771 93017 1247754 0 0 0 562932 0 562932 0 11698259 10317639 1072839 307781 128817 88451 37541 2825 3465161 2577554 791717 95890 13938426 2916895 10988341 33190 852838 852838 0 0 18176168 18175850 318 0 2781465 2714186 39279 28000 0 856492 834332 21256 904 15384137 14447780 936357 0 0 43230292 43230292 0 0 3296424 2377306 919118 0 SPONSORED RESEARCH 39699496 39699496 0 0 TECHNICAL SUPPLIES & SERVICES 20641690 20439494 201989 207 EDUCATION RESOURCES 5280155 4821416 458739 0 EQUIP RENTAL & MAINTENANCE 3888162 3880585 7577 0 9389339 8364605 530152 494582 490704563 450929381 34464132 5311050 28227535 32748023 15658338 11728695 61935993 68942077 0 0 0 0 0 0 24812065 26056008 0 0 5874281 10001395 649220113 251286768 410579018 397933345 117364530 124634945 234286588 175906534 0 0 17873295 16093424 107313758 102600214 1023925401 966644660 44724431 47160476 0 0 50646593 50060157 163208938 163208938 0 0 0 0 0 0 134133495 128339001 132282897 111220730 524996354 499989302 X 66143494 76794131 432785553 389861227 498929047 466655358 1023925401 966644660 X -91967966 -42849040 102543317 X false true X true true true X 0 249258220 252545122 253982783 284282811 1040068936 0 0 0 249258220 252545122 253982783 284282811 1040068936 0 1040068936 12271432 15579937 8110411 10107137 46068917 0 0 1086137853 434227108 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 5332 5332 false PART II-B, LINE 1I The other lobbying activities were for indirect cost for a percentage of membership dues paid by the College to national trade organizations used by these organizations for lobbying efforts. X X false 362293291 5051018 -35855967 4558415 11961642 314968285 353175181 4437225 19985571 4242899 11061787 362293291 334457977 2272057 32797038 4519701 11832190 353175181 308630704 4741802 38149665 4521756 12542438 334457977 0.00000 0.88270 0.11730 false false 52418000 52418000 483316842 198444516 284872326 113485271 52842252 60643019 397933345 ALTERNATIVE INVESTMENTS 171487840 F DUE TO ENDOWMENT PORTFOLIO 320201 C COLLECTIVE TRUSTS 2800000 F LIFE INS. ANNUITY CONTRACTS 1298493 F 175906534 FUNDS HELD BY BOND TRUSTEES 12904956 TRUSTS & SPLIT TRUST AGRMT. 5680045 DEFERRED COMP PLAN ASSETS 25530489 WORKERS COMP DEPOSIT 2926064 RIGHT OF USE OPER LEASE ASSETS 43157631 DUE FROM RELATED ORGANIZATIONS 12300186 OTHER 100843 102600214 0 WORKERS COMPENSATION LIABILITIES 710189 TRUSTS SPLIT AGREEMENT LIAB. 13498443 EMPLOYEE DEFERRED COMPENSATION 25530488 CAPITAL LEASE OBLIGATIONS 21872931 RIGHT OF USE OPER LEASE LIAB. 46356631 PENSION LIABILITES 1441754 ASSETS RETIREMENT OBLIGATIONS 1063112 OTHER 747182 111220730 Schedule D, Part III, Line 1A The organization's financial statements does not include a footnote describing its donated work of art. The College received most of its donated artwork when it was a division of Yeshiva University. This art work was transferred to the College along with substantially all of the assets and liabilities of the medical School when Einstein became an independent corporate entity pursuant to a joint collaboration agreement between Montefiore and Yeshiva University in September 2015. The art work is displayed on the college's campus and was last appraised at $1.6 million in 2016. Schedule D, Part III, Line 4 The organization's collection of donated artworks consist of nine paintings, five sculptures, an autograph of Albert Einstein, a R. Rauschenberg poster and a Johann Calcar drawing and most recently a monochromatic painting entitled Hero by Tamer Peretz honoring Montefiore's healthcare heroes during the COVID-19 pandemic. The donated artworks are displayed on the college campus and integrated into the daily life of Einstein, fostering a life-affirming, restorative and supportive environment for our students, faculty and staff. The collection can have the power to inspire, to heal and uplift and bring out the creativeness of our students as well as serving to beautify our campus. Schedule D, Part V, Line 1a The beginning balance from three years back represents the amounts of the endowment fund on the books of Albert Einstein College of Medicine, Inc., EIN 47-2209056, (the college) at 12/31/2018. The organization merged with the college on January 1, 2019 to become the surviving entity of the merger. Schedule D, Part V, line 4 The College's endowment funds are used to support student scholarships and loans, academic chairs, instruction and training, educational programs, research and fellowships. true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 Diversity is in Einstein's DNA. Since its inception in 1953, Albert Einstein College of Medicine has supported a nondiscrimination policy regarding race, religion, creed, color, national origin, gender and sex. In recent years we have extended the policy to include age, disability, veteran or disabled status, marital status, sexual orientation and citizen status. One of the goals of the College's mission statement as publicized on our web site and in multiple program brochures of the College is To strive to maintain a culture of inclusion and standards of ethical behavior among faculty, staff and students. On our website we have devoted a section to diversity and inclusion where our policies on non-discrimination and anti-harassment are published. The College's non-discrimination policies are also in printed form that are given out to our students and employees. Einstein promotes respect. We embrace facts and reject stigma and discrimination. The college is joining with medical schools nationwide in developing strategic plans for promoting diversity as a core value and significant priority in medical education and biomedical sciences. Schedule E, Part I, Line 6A The organization receives research grants from the National Institute of health (NIH) and other government agencies. true East Asia and the Pacific 0 0 Grantmaking Research 632733 Sub-Saharan Africa 0 0 Grantmaking research 2436460 Europe (Including Iceland and Greenland) 0 0 Grantmaking Research 448326 North America 0 0 Grantmaking Research 166147 South Asia 0 0 Grantmaking Research 231019 Central America and the Caribbean 0 0 Investments 67855452 0 0 0 0 71770137 71770137 East Asia and the Pacific RESEARCH 172426 wire East Asia and the Pacific RESEARCH 56362 wire East Asia and the Pacific RESEARCH 313717 wire East Asia and the Pacific RESEARCH 90228 wire Europe (Including Iceland and Greenland) RESEARCH 168486 wire Europe (Including Iceland and Greenland) RESEARCH 11384 wire Europe (Including Iceland and Greenland) RESEARCH 6810 wire Europe (Including Iceland and Greenland) RESEARCH 23448 wire Europe (Including Iceland and Greenland) RESEARCH 189931 wire Europe (Including Iceland and Greenland) RESEARCH 30000 wire North America RESEARCH 120671 wire North America RESEARCH 39754 wire South Asia RESEARCH 98950 wire South Asia RESEARCH 132069 wire Sub-Saharan Africa RESEARCH 23180 wire Sub-Saharan Africa RESEARCH 60930 wire Sub-Saharan Africa RESEARCH 172735 wire Sub-Saharan Africa RESEARCH 125542 wire Sub-Saharan Africa RESEARCH 378828 wire Sub-Saharan Africa RESEARCH 1214981 wire Sub-Saharan Africa RESEARCH 27153 wire Sub-Saharan Africa RESEARCH 115173 wire Europe (Including Iceland and Greenland) Research 14835 wire North America Research 5722 wire Sub-Saharan Africa Research 86362 wire Sub-Saharan Africa Research 47454 wire Sub-Saharan Africa Research 161225 wire Sub-Saharan Africa Research 22896 wire 28 0 true false false false true false Schedule F, Part I, Line 2 The organization's procedures for monitoring the use of grant funds outside the United States includes regular financial reporting and analysis and review by College employees associated with the grant programs to confirm funds are being used in accordance with the awards. Research agreements are executed for all subrecipients awards. All subrecipient's financial statements and invoices are reviewed by the College Administrator for approval. In addition, an annual compliance check is performed by the College to ensure that funds are being used for their intended purposes. Schedule F, Part I, Line 6 The College holds foreign investments in the Caribbean. These are alternative investments stated at fair value as estimated in an unquoted market. Financial information used to evaluate alternative investments is provided by the respective investment manager or general partner and includes fair value valuations. Annual Luncheon 419860 397140 22720 0 0 355 40178 0 86045 Card Games 84723 69653 15070 0 0 7182 29032 0 7445 5 117125 59685 57440 0 0 7608 100710 19785 88618 621708 526478 95230 0 0 15145 169920 19785 182108 386958 -291728 true New York Stem Cell Foundation Inc 619 West 5th Street New York NY 10009 202905531 501(c)(3) 25000 Support American Liver Foundation PO Box 299 West Orange NJ 07052 362883000 501(c)(3) 10000 Support 2 0 Scholarships & fellowships 621 19407233 Schedule I, Part I, Line 2 The organization provides support to various charitable organizations as part of its mission to advance basic science, health-related and translational research and facilitate medical education. Contributions and sponsorships are made to deserving charitable organizations to support local community programs endeavors. Schedule I, Part III, Line I GRANTS AND ASSISTANCE TO DOMESTIC INDIVIDUALS REPRESENT STUDENT FINANCIAL AID, SCHOLARSHIPS AND FELLOWSHIPS, INCLUDING EMERGENCY STUDENT ASSISTANCE GRANTS. FINANCIAL AID IS AWARDED BASED UPON FINANCIAL NEED AND ACADEMIC ACHIEVEMENT. NEED BASED AID IS AWARDED BASED ON ELIGIBILITY DETERMINED BY THE US DEPARTMENT OF EDUCATION'S FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA). ACADEMIC BASED AID IS AWARDED BY THE DISTINGUISHED SCHOLARS COMMITTEE. BOTH FACULTY AND ENROLLMENT SERVICES ADMINISTRATORS COMPRISE THE COMMITTEE. X true false false true false false false false false true false CHRISTOPHER PANCZNER ASSISTANT SECRETARY 0 954591 0 310000 0 592742 0 17000 0 24124 0 1898457 0 0 PHILIP O OZUAH MD PHD CEO/TRUSTEE 0 4478627 0 4715500 0 662461 0 17000 0 32625 0 9906213 0 0 Gordon Tomaselli MD Marilyn & Stanley M. Katz Dean 885654 0 225000 0 757478 0 19875 0 33147 0 1921154 0 0 0 Edward R Burns MD Executive Dean 712907 0 0 0 4326 0 19875 0 30870 0 767978 0 0 0 James Geraghty Chief Financial Officer & AVP 210556 210556 0 82500 792 792 9937 9937 12660 12660 233945 316445 0 0 Mark F Mehler Professor 606085 0 0 0 3048 0 19875 0 11205 0 640213 0 0 0 Michael Lipton Professor 511664 0 32086 0 7859 0 19875 0 33496 0 604980 0 0 0 Michael B Prystowsky MD Professor 515456 0 0 0 3048 0 19875 0 29938 0 568317 0 0 0 Gregg T Tarquinio Assoc Dean, Admin & Finance 384040 0 1156 0 20940 0 19875 0 12160 0 438171 0 0 0 Edward Chu MD Director, Cancer Center 787369 0 0 0 70584 0 19875 0 31268 0 909096 0 0 0 Amit Kumar Verma MBBS Professor 539603 0 0 0 552 0 19875 0 31362 0 591392 0 0 0 SCHEDULE J, PART I, LINE 1A The college provided an officer with a $200,000 housing allowance to supplement the cost of a residence near the college. This allowance was included in his taxable income and column b(iii) of Part II. Schedule J, Part I, line 2 The officer was provided a fixed housing allowance that did not require substantiation of expenses. SCHEDULE J, PART I, LINE 3 The Montefiore Compensation Committee reviews and approves all forms of compensation and benefits provided to the college's CEO with the assistance of a national independent compensation consulting firm. The consulting firm assists the Compensation Committee with its decision-making process to ensure executive compensation levels are reasonable and appropriate relative to those of other similar organizations. Base salaries in Column B(i) are determined based on competitive market practices for comparable positions with similar sized organizations and scope of responsibilities. Bonus and incentive compensation in Column B (ii) is based on the achievement of performance goals. The executives' compensation program has a significant pay-at-risk component to ensure the alignment of pay and organizational performance. Goals are are set in advance in areas such as research productivity, quality of education, community services and financial performance. Compensation is at risk if the goals established by the Compensation Committee are not met. SCHEDULE J, PART I, LINE 4B As it relates to a supplemental nonqualified retirement plan for two reported trustees of the college's Board compensated by Montefiore Medicine Academic Health System, Inc. and the Dean/CEO of the organization whose compensation is determined by the Montefiore Medicine Academic Health System's Board: In a manner designed to qualify for the "rebuttable presumption of reasonableness" the Compensation Committee of Montefiore Board of Trustees expressly reviewed and approved these retirement benefit arrangements for these senior executives in a manner that qualified under the intermediate sanctions rules of the Federal tax law, and in recognition of (a) the executives' years of service to the organization and (b) the significant contributions to enhancing the ability of the organization to achieve its charitable mission in a manner consistent with financial solvency. Accordingly, this benefit should be viewed as applying to years of service for the Montefiore Health System. Required Pooled Supplemental Executive Retirement Plan distribution to two Board members and executives of Montefiore Medicine Academic Health System, Inc.: Philip Ozuah, M.D., Ph.D. - $632,224; Christopher Panczner - $558,708. Vested supplemental Retirement Plan distribution to the organization's CEO: Gordon F. Tomaselli, M.D. - $533,430. The Health System also funds a second defined contribution SERP plan. An officer of the organization currently participates in this plan. Contributions are at a fixed percentage of base salary or total cash compensation (base salary plus annual incentive award). A notional balance is developed for each participant that is the total of contributions less distributions (interest is not accrued). On January 1 following the third, sixth and ninth anniversaries of each participant's participation date, 50% of the remaining SERP account becomes vested and is paid out if the participant is employed on that date. On January 1 following the twelfth anniversary of each participant's participation date, the remainder of the SERP account becomes fully vested and is paid out. If a participant reaches age 65 before their twelfth anniversary of their participation date, their SERP account balance will become fully vested on the later of the first of the month following their 65th birthday or the third anniversary of their participation date. SERP account balances will also become fully vested upon the earliest of death or disability while employed by Montefiore, involuntary termination without cause or if Montefiore chooses to terminate the plan. During 2022, there were no distributions from the plan for the participating officer. Since the 2022 contribution accrual will be paid out prior to March 15, 2023, there was no deferred compensation from this plan reported in column (C) for the participating officer, Philip O. Ozuah, M.D., PH.D. Schedule J, Part I, Line 7 Part of the annual incentive awards in column (B)(II) paid by the organization to one of its officers was based on the compensation Board discretion. A BUILD NYC RESOURCE CORPORATION 454040561 12008ELT1 2016-01-28 175000000 REFUND TAXABLE ISSUE(9/9/15) false false false A 10090000 0 175000000 12904956 0 0 0 0 0 0 175000000 0 2016 false true true true A false true false true false 0.02080 0.00000 0.02080 false false false true A false false false true false false 0 false 0 false true A true SCHEDULE K, PART II, COLUMN A, LINE 3 tHE TOTAL PROCEEDS DO NOT EQUAL THE SUMMATION OF LINES 4-12 DUE TO TRANSFERRED OR REPLACEMENT PROCEEDS IN LINE 4. SCHEDULE K, PART IV, LINE 1C THE REBATE COMPUTATION WAS PERFORMED 2/1/2021. X 9 1230520 current market value X Research Equip. 1 54256 Market Value 0 false true false Schedule M, Part I, Line 9 The organization received nine separate gifts of stock during 2022 recorded as contributions in Part VIII Statement of Revenue. An additional nine gifts of stock ($1,193,143) was received in the tax year for payment on pledges previously recognized as contributions at the present value in the year that the pledge was made. Schedule M, Part i, Line 25 The organization received donated Research equipment from a new hire who came aboard with his own equipment that was donated to the College. FORM 990, PART VI, SECTION A, LINE 2 Trustees Marilyn Katz and Stanley Katz and trustees Diane Belfer and Robert A. Belfer have a family relationship. Diane Belfer was on the Board up to her passing in January 2022. FORM 990, PART VI, SECTION A, LINE 6 The sole members of Albert Einstein College of Medicine are Montefiore Medicine Academic Health System, Inc. and Yeshiva University. As of the College's accreditation date of March 4, 2019, Yeshiva's membership converted to an interest solely with authority to exercise Yeshiva's limited consent rights. FORM 990, PART VI SECTION A, LINE 7A Montefiore Medicine Academic Health System, the controlling member of the College, has the power to appoint and to remove the Trustees of the Albert Einstein College of Medicine Board. The President of Yeshiva or a single individual designated in writing by the President is automatically appointed as a trustee of the college. Montefiore Medicine than has the authority to appoint the remaining members of the Board. FORM 990, PART VI, SECTION A, LINE 7B Montefiore Medicine Academic Health System, Inc., the controlling member of the Corporation, has the authority to: (i) amend, repeal restate or revise the bylaws or Certificate of incorporation of the College; (ii) approve any changes to the purpose or mission of the college; (iii) approve a change in the not-for-profit status of the college; (iv) levy assessments or require capital contributions by the members of the College; (v) approve the liquidation or dissolution of the College; (vi) approve the disposition of the corporation by mergers, consolidation, change of membership, acquisitions or sale; and (vii) take any action with respect to those matters over which applicable accreditation authorities and/or governmental authorities require Yeshiva to have an approval right. Yeshiva University membership interest converted automatically after the accreditation date to a membership interest solely with authority to exercise Yeshiva's consent rights. FORM 990, PART VI, SECTION B,LINE 11B The Form 990 was prepared by the Montefiore's Tax department working closely with Albert Einstein College of Medicine's finance team and assisted by various departments throughout the Health System. The return was reviewed by Montefiore's VP of Finance and the Chief Financial Officer at the College. In addition, An independent Public Accounting firm was engaged to review the Form 990. Upon Completion of the various reviews, the Form 990 was presented to the Audit Committee of the Board of Trustees for review and approval. Once approved by the Audit Committee, the Form 990 was made available to all members of the Board of Trustees prior to filing. FORM 990, PART VI, SECTION B, LINE 12C Board members and key employees are required to disclose actual or potential conflicts of interest to the general counsel prior to engaging in any activity that may potentially result in a conflict of interest as well as answering an annual conflict of interest questionnaire. Any potential conflicts are reviewed by the general counsel and any concerns are presented to the dean of the college and the chair of the audit committee of the Board of Trustees to determine if an actual conflict exist and what actions, if any, are appropriate to prevent, manage and eliminate the identified conflict of interest. FORM 990, PART VI, SECTION B, LINEs 15A & 15B The compensation of the organization's Chief Executive Officer (paid by a related organization) and Executive Dean is determined by the Compensation Committee of the Board of Trustees of Montefiore Medicine Academic Health System, Inc., the parent organization of the college. Montefiore Medicine Academic Health System is committed to ensuring that its executive compensation program adheres to the highest standards of regulatory compliance and best corporate governance. The Board of Trustees of the Health System has charged the Health System's Compensation Committee (which is comprised of independent Board members with no conflicts of interest in regards to executive compensation) with making all decisions related to compensation for the College's top officers. All decisions made by the Compensation Committee are appropriately and timely documented in meeting minutes. The compensation committee's review process follows the intermediate Sanctions guidelines for qualifying for the rebuttable presumption of reasonableness. The Committee retains an independent Compensation consultant to assist it with this process. Compensation levels are established considering data for comparable organizations, third parties salary surveys, Form 990 disclosures, an assessment of management performance (including the services provided to the community), and other business judgement factors, consistent with Montefiore's executive compensation philosophy. The Committee's decisions are made in the best interest of the College, and are intended to ensure the recruitment and retention of key executive talent, consistent with the market practices of other not-for-profit organizations of comparable scope, mission, complexity and location. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMEMTS ARE MADE AVAILABLE TO THE public upon REQUEST. THE CONFLICT OF INTEREST POLICY IS POSTED ON THE COLLEGE'S website. FORM 990, PART XI, LINE 9 The other increase in net assets of $102.543 million was due mainly to a related party $102.0 million working capital subsidy transfers and a $0.543 million increase in the value of the College's split-interest trust agreements. Schedule B, Part I, Donation No. 1 During 2022, Montefiore Medical Center made budgeted capital contributions of $20.0 million to the College in accordance with an agreement to provide operational subsidies to the organization. An additional $102.0 million in unbudgeted working capital subsidies, reported as Other Change in net assets in Part XI, was also made as part of a 2018 commitment agreement by the Medical center to provide financial support as necessary to meet the operational needs of the College. 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