2013-01-30T17:38:14-06:00 2011-12-31 ERNST & YOUNG US LLP 111 MONUMENT CIRCLE STE 2600 INDIANAPOLIS IN 46204 990 2011-01-01 136171197 Mount Sinai School of Medicine % STEPHEN HARVEY MOUN 2127313413 ONE GUSTAVE L LEVY PLACE NEW YORK NY 10029 STEPHEN HARVEY 2013-01-30 3176817000 2011 2016-02-25 16:41:14Z STEPHEN HARVEY One Gustave L Levy Place New York NY 10029 1418035855 false X http://www.mssm.edu X 1964 NY SEE SCHEDULE O 44 40 9044 402 44664 43664 100098215 110794747 1160415449 1229368295 31914784 25537993 54264789 51431520 1346693237 1417132555 3258759 3292010 0 0 876719003 932638153 0 0 5899978 436774457 475728704 1316752219 1411658867 29941018 5473688 1910982925 2079179877 979152330 1161967728 931830595 917212149 X SEE SCHEDULE O false false 197085382 3292010 169479751 MOUNT SINAI SCHOOL OF MEDICINE IS RESPONSIBLE FOR THE CERTIFICATION OF PHYSICIANS AT THE UNDERGRADUATE, GRADUATE AND POST-GRADUATE LEVELS AS WELL AS THE CERTIFICATION OF BIOMEDICAL SCIENTISTS AT THE GRADUATE LEVEL. 288640697 0 364591845 MOUNT SINAI SCHOOL OF MEDICINE CONDUCTS RESEARCH IN THE AREAS OF BIOLOGICAL, SOCIAL AND PHYSICAL SCIENCES. FUNDAMENTAL AND APPLIED RESEARCH IS PRIMARILY ENTERED IN GEOGRAPHIC PROXIMITY TO CLINICAL FACILITIES. 709672609 0 702719349 MOUNT SINAI SCHOOL OF MEDICINE PROVIDES BASIC AND TERTIARY PHYSICIANS SERVICES TO PATIENTS ON AN ONGOING BASIS. 0 0 0 1195398688 true true false false false false false false false true true false false true true false false true true false true false false false true false false false true true true true false false false false true false true true true true true false false false true true true false false true 1363 0 true 9044 true true true false false false false true true false false false false X 44 40 true false false false false false false true true false false true true true true true true true true false NY X STEPHEN HARVEY 2127313413 633 3RD AVENUE 10TH FLOOR - BOX 45 New York NY 10017 X peter w may 10.0 X X frederick A klingenstein 10.0 X X alfred r stern 10.0 X X donald j gogel 10.0 X X michael minikes 10.0 X X robert e rubin 10.0 X X james w crystal 10.0 X X glenn dubin 10.0 X X joel s ehrenkranz 10.0 X X ellen katz 10.0 X X henry r kravis 10.0 X X john a levin 10.0 X X eric mindich 10.0 X X Andrew m saul 10.0 X X thomas w strauss 10.0 X X edgar m cullman deceased 82811 10.0 X X thomas r block 10.0 X X christopher w brody 5.0 X charles r bronfman 5.0 X cynthia colin 5.0 X jean c crystal 5.0 X steven g einhorn 5.0 X blaine v fogg 5.0 X richard a friedman 5.0 X arne glimcher 5.0 X clifford h goldsmith 5.0 X Michael s gross 5.0 X vicki gross 5.0 X george j grumbach jr 5.0 X andrew d heineman 5.0 X carl c icahn 5.0 X lewis p jones 5.0 X marc lasry 5.0 X patricia s levinson 5.0 X bernard w nussbaum 5.0 X judith O rubin 5.0 X stephen l schwartz 5.0 X daniel h stern 5.0 X michael j urfirer 5.0 X robert friedman 5.0 X robin neustein 5.0 X eric m ruttenberg 5.0 X dr scott H barnett 5.0 X dr jephtha tausig-edwards 5.0 X DR JEFFREY T LAITMAN 5.0 X RICHARD RAVITCH 10.0 X X Kenneth L Davis MD 27.5 X 1278022 1278022 54270 Dennis charney md 3 55.0 X 1200169 0 39815 michael macdonald esq 27.5 X 454165 454165 56824 donald t scanlon 27.5 X 646350 646350 49636 jeffrey silberstein 27.5 X 478925 478925 41270 stephen harvey 55.0 X 670839 0 68426 mark kostegan fahp 38.5 X 579226 248240 42420 jane maksoud 29.1 X 362297 321282 55550 elana abraham 14 14.0 X 0 228440 48763 jessica moise 55.0 X 172308 0 32739 john morrison phd23 55.0 X 444425 0 45292 jasmin moshirpur md 55.0 X 571867 0 60967 david muller md 2 55.0 X 452791 0 42800 hugh sampson md 2 55.0 X 470909 0 38137 lynn kasner-morgan 55.0 X 223678 0 48176 phyllis schnepf 55.0 X 347667 0 41593 Douglas Jabs MD MBA 55.0 X 882149 0 43516 robert desnick md 2 55.0 X 363006 0 54545 margaret pastuszko 27.5 X 301309 301309 47488 philip landrigan md 2 55.0 X 462660 0 48700 CONNIE C KLEPPER 27.5 X 310626 310626 28656 frank cino 20.9 X 130865 213515 45217 jack nelson 7.2 X 72752 486878 21265 jane whitney 26.4 X 159695 173003 37534 mark babyatsky md 55.0 X 724005 0 45574 KUMAR CHATANI 7.2 X 34389 230139 2450 David B Samadi MD 6 55.0 X 5802766 0 40695 Samin Sharma MD 6 55.0 X 3986899 0 51522 Andrew Hecht MD 6 55.0 X 5860904 0 37150 SHEERAZ QURESHI MD 6 55.0 X 3626688 0 36042 ARTHUR JENKINS III 6 55.0 X 3035964 0 41286 deborah Marin md 5 16.5 X 162303 255853 35422 barry stimmel md 5 46.3 X 199910 35771 51666 maureen milici 5 55.0 X 309474 0 47647 34780002 5662518 1483053 2193 true true false JONES DAY 222 EAST 41ST STREET NEW YORK NY 100176702 LEGAL FEES 4414852 SASM F LLP PO BOX 1764 WHITE PLAINS NY 10602 LEGAL FEES 1801899 WILLKIE FARR GALLAG 787 SEVENTH AVENUE NEW YORK NY 100196099 LEGAL FEES 886592 MARSHALL GERSTEIN BORUN 233 SOUTH WACKER DRIVE CHICAGO IL 60606 LEGAL FEES 420544 94 PLEASANT VIEW PRINTING 94 PLEASANT VIEW ROAD PLEASANT VALLEY NY 12569 PUBLISHING 347578 19 2983747 14341583 158630 93310787 3983180 110794747 PATIENT CARE/LAB SERVICES 621500 506365032 506365032 FEDERAL CONTRACTS 541700 296440922 296440922 NYC HEALTH AND HOSP. CORP. 621400 196354317 196354317 MOUNT SINAI HOSPITAL CARTS 561000 136731642 136731642 PRIVATE CONTRACTS 541700 68150923 68150923 25325459 25325459 1229368295 5181749 -3836 5185585 966371 966371 25296561 25296561 8051106 8051106 8051106 8051106 19389873 19389873 19389873 19389873 299960 2983747 903300 -603340 -603340 0 0 AUX ENTERPRISES 812930 2599986 2599986 TUITION & RELATED FEES 900099 5508384 5508384 MEDICAL EDUCATION 611710 1914266 1914266 8664557 48500 8616057 18687193 1417132555 1236790945 44664 69502199 0 3292010 3292010 0 0 12531638 2461277 9179159 891202 0 740589246 701732177 36430157 2426912 27308652 25577073 1618930 112649 119428197 112135344 6801589 491264 32780420 29331989 3216994 231437 21144934 19308931 1466612 369391 11745009 11733517 11492 2574326 2574326 0 0 1688560 1688560 5751961 3404087 2130778 217096 2537324 2511172 24831 1321 51791501 47444189 4210793 136519 2256455 984585 1221891 49979 12676814 12676814 83013980 27197902 55469702 346376 3130515 2890855 224071 15589 0 9706776 9220822 458668 27286 12436624 144861 12291763 0 52914873 27239756 25661175 13942 32926338 16980604 15945734 MEDICAL SUPPLIES 127997352 127948731 48621 PERIODICALS & PUBLISHING 4324506 1172611 2872177 279718 TUITION 3297610 2054304 1243306 INSTITUTIONAL DUES 484205 274891 209314 33329041 32090517 960719 277805 1411658867 1195398688 210360201 5899978 0 10769537 117400961 107892293 105984721 106789584 54458151 55668147 1835017 1753514 0 0 49277279 56927141 0 0 7451033 8245497 1286110615 462313068 673126821 823797547 794767208 645087965 72781282 80226368 25340524 24458675 0 0 8559928 157563609 1910982925 2079179877 110301746 102421863 0 0 56578060 61827521 668492878 654817622 0 0 0 0 3947430 4378858 0 0 139832216 338521864 979152330 1161967728 X 343627914 331996012 247982935 234987570 340219746 350228567 931830595 917212149 1910982925 2079179877 X 5473688 -20092134 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 443796176 12799049 3681286 3292010 12152079 0 444832422 410271532 12709531 40924143 3258759 16850271 0 443796176 340910611 10075212 79141366 3177378 16678279 0 410271532 467529733 21658885 -131632256 2071702 14574049 0 340910611 0.12000 0.74000 0.14000 false true true 11011897 11011897 489766283 160320911 329445372 171990684 144060526 27930158 244552484 157931631 86620853 368789267 0 368789267 823797547 OTHER ASSETS 4193956 DUE FROM NYCH&H CORP. 5356053 INSURANCE CLAIMS 145513600 DUE FROM NY GENOME CENTER 2500000 157563609 0 ACCRUED INTEREST PAYABLE 16328317 FEDERAL LOAN CAPITAL ADVANCES 4746766 EMPLOYEE RELOCATION LOAN PGM 33266343 POST RETIREMENT HLTH BENF OBLI 12939572 DUE TO RELATED ORGS NET 125727266 INSURANCE CLAIMS 145513600 338521864 1417132555 1411658867 5473688 -20092134 -1164568 -21256702 -15783014 1427540905 -20092134 33681612 13589478 1413951427 1688560 1492568 3181128 1417132555 1412136653 2166346 2166346 1409970307 1688560 1688560 1411658867 PART V, LINE 4 ENDOWED FUNDS THE ENDOWED FUNDS' INTENDED USE IS TO GENERATE INCOME TO SUPPORT THE SCHOOL OF MEDICINE'S PROGRAM SERVICE FUNCTIONS AND OPERATIONS IN ACCORDANCE WITH MOUNT SINAI MEDICAL CENTER POOLED INVESTMENT POLICY. PART XI, LINE 8 RECONCILIATION OF CHANGE IN NET ASSETS PER AUDITED FINANCIAL STATEMENTS DECREASE IN NET ASSETS OF THE MITRAL FOUNDATION OF $1,332,132 AND INCREASE IN NET ASSETS OF THE CHILDREN'S CENTER FOUNDATION OF $167,564 WHICH ARE INCLUDED IN THE CONSOLIDATED AUDITED FINANCIAL STATEMENT OF THE MOUNT SINAI SCHOOL OF MEDICINE. Part XII, Line 2D Reconciliation of revenue per audited financial statements revenue of the mitral foundation of $30,056, the children's center foundation of $970,722 which are included in the consolidated audited financial statement of the mount sinai school of medicine, investment return earned less than amounts allocated to operations of $32,906,855, and investment return recovery on permanently restricted net assets of (-226,021). Part XII, Line 4A REVENUES OF $1,688,560 USED TO COVER INVESTMENT FEES IS DRAWN FROM MOUNT SINAI SCHOOL OF MEDICINE'S INVESTMENT POOL AND NETTED AGAINST INTEREST AND DIVIDEND INCOME FROM INVESTMENTS. IT IS NOT RECORDED AS A REVENUE OR AN EXPENSE ON THE AUDITED FINANCIAL STATEMENTS. Part XII, Line 4B DISTRIBUTIONS FROM RELATED PARTIES NOT INCLUDED AS A CONTRIBUTION IN THE AUDITED FINANCIAL STATEMENT OF $1,492,568. Part XIII, Line 2D RECONCILIATION OF EXPENSES PER AUDITED FINANCIAL STATEMENTS EXPENSES OF THE MITRAL FOUNDATION OF $1,362,188, THE CHILDREN'S CENTER FOUNDATION OF $803,158, AND ROUNDING OF $1,000, WHICH ARE INCLUDED IN THE CONSOLIDATED AUDITED FINANCIAL STATEMENT OF THE MOUNT SINAI SCHOOL OF MEDICINE. Part XIII, Line 4A EXPENSES OF $1,688,560 USED TO COVER INVESTMENT FEES IS DRAWN FROM MOUNT SINAI SCHOOL OF MEDICINE'S INVESTMENT POOL AND NETTED AGAINST INTEREST AND DIVIDEND INCOME FROM INVESTMENTS. IT IS NOT RECORDED AS REVENUE OR AN EXPENSE ON THE AUDITED FINANCIAL STATEMENTS. true true true true true true true false false false false false false false false true false true Part I, Line 3 INCLUDED IN THE STUDENT HANDBOOK WHICH IS DISTRIBUTED AND REVIEWED AT GRADUATION. ALSO IN THE SCHOOL CATALOGS. Central America and the Caribbean Investments 268332000 East Asia and the Pacific Program Services SUBCONTRACT 298242 Europe (Including Iceland and Greenland) Program Services SUBCONTRACT 2486195 Middle East and North Africa Program Services SUBCONTRACT 482337 North America Program Services SUBCONTRACT 120333 South Asia Program Services SUBCONTRACT 25775 Sub-Saharan Africa Program Services SUBCONTRACT 18285 271763167 271763167 true false false true true false SCHEDULE F, PARTS I & IV PLEASE NOTE THAT THE INVESTMENT ACTIVITIES LISTED IN PART I ARE ALLOCATED TO AGREE TO THE AUDITED FINANCIAL STATEMENT REPORTING AS POOLED INVESTMENTS WHILE PART IV REPORTS ON FOREIGN FILINGS FILED BY THE RESPECTIVE ORGANIZATION. CRYSTAL PARTY 2866211 2632211 234000 345000 227060 1560 203452 BREAST HTH GALA 417496 351536 65960 87930 1560 36738 0 3283707 2983747 299960 345000 314990 3120 240190 903300 -603340 true Scholarships 233 3292010 N/A N/A Part I, Line 2 MOUNT SINAI SCHOOL OF MEDICINE AWARDS SCHOLARSHIPS AS EITHER NEED-BASED OR MERIT-BASED AWARDS. TO AWARD OR ADMINISTER NEED-BASED SCHOLARSHIPS, THE DIRECTOR OF FINANCIAL AID FOLLOWS FEDERAL GUIDELINES STARTING WITH THE EVALUATION OF EACH STUDENT FOR "NEED" BASED ON FAFSA & NEED-ACCESS REPORTS. MERIT-BASED SCHOLARSHIPS ARE AWARDED BY COMMITTEES ESTABLISHED BY THE DEAN OF THE SCHOOL. ONCE AWARDEES ARE CHOSEN, THE SCHOLARSHIPS ARE AWARDED THROUGH THE DIRECTOR OF FINANCIAL AID. ELIGIBILITY FOR EACH ACADEMIC YEAR (SATISFACTORY ACADEMIC PROGRESS AND CURRENT ENROLLMENT) IS VERIFIED BY THE DIRECTOR PRIOR TO INITIAL DISBURSEMENT OF ANNUAL SCHOLARSHIPS AND ELIGIBILITY IS VERIFIED AGAIN FOR THE JANUARY TERM BEFORE SECOND TERM DISBURSEMENTS ARE MADE. X true false X X X X false false false false false false false false false Kenneth L Davis MD 522500 522500 630175 630175 125347 125347 12250 12250 14885 14885 1305157 1305157 0 0 Dennis charney md 3 600000 0 280078 0 320091 0 24500 0 15315 0 1239984 0 0 0 michael macdonald esq 290500 290500 45000 45000 118665 118665 9800 9800 18612 18612 482577 482577 0 0 deborah Marin md 5 97500 227500 0 0 64803 28353 7350 17150 3277 7645 172930 280648 0 0 donald t scanlon 306000 306000 303417 303417 36933 36933 12250 12250 12568 12568 671168 671168 0 0 jeffrey silberstein 312000 312000 128369 128369 38556 38556 12250 12250 8385 8385 499560 499560 0 0 stephen harvey 456000 0 163379 0 51460 0 24500 0 43926 0 739265 0 0 0 mark kostegan fahp 350000 150000 147013 63006 82213 35234 17150 7350 12544 5376 608920 260966 0 0 jane maksoud 244330 216670 86591 76788 31376 27824 12985 11515 16456 14594 391738 347391 0 0 elana abraham 14 0 226841 0 0 0 1599 0 19499 0 29264 0 277203 0 0 jessica moise 157170 0 9445 0 5693 0 15717 0 17022 0 205047 0 0 0 john morrison phd23 212097 0 50000 0 182328 0 21210 0 24082 0 489717 0 0 0 jasmin moshirpur md 320197 0 0 0 251670 0 24500 0 36467 0 632834 0 0 0 david muller md 2 212097 0 100000 0 140694 0 21210 0 21590 0 495591 0 0 0 barry stimmel md 5 163871 30750 0 0 36039 5021 16387 3075 27116 5088 243413 43934 0 0 hugh sampson md 2 199983 0 75000 0 195926 0 19998 0 18139 0 509046 0 0 0 maureen milici 5 235573 0 42000 0 31901 0 23557 0 24090 0 357121 0 0 0 lynn kasner-morgan 217436 0 0 0 6242 0 23000 0 25176 0 271854 0 0 0 phyllis schnepf 248852 0 75000 0 23815 0 24500 0 17093 0 389260 0 0 0 Douglas Jabs MD MBA 212097 0 159135 0 510917 0 21210 0 22306 0 925665 0 0 0 David B Samadi MD 6 168537 0 0 0 5634229 0 16854 0 23841 0 5843461 0 0 0 Samin Sharma MD 6 205532 0 350000 0 3431367 0 20553 0 30969 0 4038421 0 0 0 Andrew Hecht MD 6 159562 0 0 0 5701342 0 15956 0 21194 0 5898054 0 0 0 frank cino 94367 153966 35477 57882 1021 1667 7448 12152 9734 15883 148047 241550 0 0 jack nelson 43333 290000 5200 34800 24219 162078 722 4833 2042 13668 75516 505379 0 0 jane whitney 116000 125667 40586 43968 3109 3368 9280 10054 8736 9464 177711 192521 0 0 mark babyatsky md 211516 0 100000 0 412489 0 21151 0 24423 0 769579 0 0 0 robert desnick md 2 212097 0 0 150909 0 21210 0 33335 0 417551 0 0 0 margaret pastuszko 195500 195500 99099 99099 6710 6710 9800 9800 13944 13944 325053 325053 0 0 philip landrigan md 2 212097 0 50000 0 200563 0 21210 0 27490 0 511360 0 0 0 CONNIE C KLEPPER 173417 173417 121367 121367 15842 15842 9800 9800 4528 4528 324954 324954 0 0 KUMAR CHATANI 11100 74285 20031 134052 3258 21802 0 0 319 2131 34708 232270 0 0 SHEERAZ QURESHI MD 6 139617 0 0 0 3487071 0 13962 0 22080 0 3662730 0 0 0 ARTHUR JENKINS III 6 169147 0 0 0 2866817 0 16914 0 24372 0 3077250 0 0 0 Part VII, Section A & Schedule J Compensation Footnotes Officers of the Boards of Trustees hours reflect service to either/or, or all, The Mount Sinai Hospital, Mount Sinai School of Medicine, The Mount Sinai Medical Center, Inc. and all related entities. (1) Compensation and benefits are funded from the Mount Sinai Hospital. (2) Compensation, benefits, and hours reflect total amounts for services performed for this position and all other responsibilites. (3) Employee has an outstanding loan reflected in Schedule L, Part II of Mount Sinai School of Medicine's Form 990. (4) A portion of this compensation and benefits is attributable to her services provided to Mount Sinai School of Medicine and The Mount Sinai Medical Center, Inc. (5) Compensation is attributed to current services as a non-officer. (6) IN DETERMINING THE FIVE HIGHEST PAID EMPLOYEES OF MOUNT SINAI SCHOOL OF MEDICINE, ROYALTY PAYMENTS RECEIVED BY EMPLOYEES OF MOUNT SINAI SCHOOL OF MEDICINE IN CONNECTION WITH INVENTIONS HAVE NOT BEEN TAKEN INTO ACCOUNT. Schedule J, Part I, Line 1A Housing Allowance Dr. Kenneth Davis receives a taxable housing allowance from the Mount Sinai Hospital and Mount Sinai School of Medicine as it is expected that he live in close proximity to the institution given his role as the Chief Executive. DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000923 6499055E2 2010-11-16 103555357 REFUND 3/2/1994 BONDS false false false DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000923 649905RVC 2009-11-05 365504331 CONSTRUCTION OF NEW BUILDING false false false DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000923 649903VG3 2007-09-27 125878626 CONSTRUCTION, REFUND 6/7/00 BONDS false false false DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000923 64983UVZ0 2003-09-24 67374538 REFUND 8/15/91 BONDS false false false 3695000 0 103566177 0 0 0 1386469 0 0 0 102036723 132165 2010 true false true true 0 0 368625586 29706422 31402408 0 4266417 0 0 255487460 2976321 44825305 2012 false false false true 2935000 0 127314815 9203768 2625921 0 1393905 1553000 0 97231348 15107187 210404 2010 true false true true 34310000 0 67381558 6750254 0 0 974546 2171000 0 0 57451020 43613 2003 true false true true 0 false false false false true true 0 true false false true true true true 0.00090 0.00090 true 0 false false false 0 false 0 true false false false false 0 false 0 false false false false false 0 false 0 true false false false false 0 false 0 true false X SEE SCHEDULE O 0 DAVID ADAMS mortgage X 1000000 1000000 false true true BURT DRAYER mortgage X 700000 700000 false true true THOMAS AHN mortgage X 137500 false true true DARYL WILKERSON mortgage X 70000 53514 false true true 1753514 HESS CORPORATION JOHN HESS, TRUSTEE 15522255 SEE PART V false XO COMMUNICATIONS CARL ICAHN, TRUSTEE 796435 SEE PART V false ASAF RABINOVITZ JOSEPH SHENKER, TRUSTEE 30804 SEE PART V false DR IRWIN GRIBETZ JUDAH GRIBETZ, TRUSTEE 72459 SEE PART V false DR ELISSA GRETZ FRIEDMAN ROBERT FRIEDMAN, TRUSTEE 71943 SEE PART V false DR CAROLYN SICHER SUSAN CULLMAN/EDGAR, TRST 82311 SEE PART V false KIMBERLY HARRISON CLIFFORD GOLDSMITH, TRUST 105307 SEE PART V false US FOODSERVICE DONALD GOGEL, TRUSTEE 130435 SEE PART V false OCH ZIFF CAPITAL MANAGEMENT DAVID WINDREICH, TRUSTEE 1057095 SEE PART V false KAREN KOSTEGAN MARK KOSTEGAN,OFFICER 63300 SEE PART V false ETHYLIM WANE JABS DOUGLAS JABS, officer 212576 SEE PART V false FRANCESCO RAMIREZ MARGARET PASTUSZKO,OFFICE 254802 SEE PART V false BRIAN SCANLON DONALD SCNALON, OFFICER 51772 SEE PART V false GARY B DAVIS DR. KENNETH DAVIS,OFFICER 29218 SEE PART V false SCHEDULE L, PART IV, COLUMN D BUSINESS TRANSACTIONS INVOLVING INTERESTED PARTIES NAME OF INTERESTED PERSON: US FOODSERVICE MOUNT SINAI PURCHASES A PORTION OF ITS FOOD FROM US FOODSERVICE. ALL SUCH PURCHASES ARE MADE UNDER A GROUP PURCHASING ORGANIZATION (GPO) ARRANGEMENT THAT HAS BEEN NEGOTIATED WITH US FOODSERVICE. THESE GPO PRICES ARE AVAILABLE TO MOUNT SINAI AND ALL OTHER MEMBERS OF THE LOCAL HEALTHCARE ASSOCIATION. MR. GOGEL IS THE CEO OF A FIRM THAT IS INDIRECTLY A GREATER-THAN-35% OWNER OF US FOODSERVICE. NAME OF INTERESTED PERSON: HESS CORPORATION FOLLOWING AN OBJECTIVE, COMPETITIVE MULTI-PARTY BIDDING PROCESS, THE ORGANIZATION PURCHASED NATURAL GAS AND FUEL OIL FROM HESS CORPORATION. MR. HESS IS CHAIRMAN OF THE BOARD AND CHIEF EXECUTIVE OFFICER OF, AND HAS A FINANCIAL INTEREST IN, HESS CORPORATION. NAME OF INTERESTED PERSON: XO COMMUNICATION FOLLOWING AN EXTENSIVE RFP AND A MULTI-PARTY COMPETITIVE BIDDING PROCESS, AS WELL AS A REVIEW BY A SPECIAL BOARD COMMITTEE (WHICH DID NOT INCLUDE MR. ICAHN) OF THE ENGAGEMENT PROCESS, THE ORGANIZATION PURCHASED COMMUNICATIONS SERVICES FROM XO COMMUNICATIONS. MR. ICAHN IS A GREATER-THAN-35% OWNER OF XO COMMUNICATIONS. NAME OF INTERESTED PERSON: OCH ZIFF CAPITAL MANAGEMENT MR. WINDREICH IS A DIRECTOR OF OCH ZIFF CAPITAL MANAGEMENT ("OCH ZIFF"), WHICH MANAGES INVESTMENT CAPITAL FOR THE ORGANIZATION. MR. WINDREICH HAS NO INVOLVEMENT IN THE ORGANIZATION'S INVESTMENT DECISIONS OR ITS INVOLVEMENT WITH OCH ZIFF. THE FEES CHARGED BY OCH ZIFF TO THE ORGANIZATION ARE IN LINE WITH INDUSTRY STANDARDS AND ARE THE SAME AS THE FEES CHARGED TO OTHER INVESTORS IN THE SAME FUND. NAME OF INTERESTED PERSON: Dr. CAROLYN SICHER TRUSTEE SUSAN CULLMAN'S DAUGHTER (WHO IS ALSO TRUSTEE EDGAR CULLMAN, SR.'S GRANDDAUGHTER) IS EMPLOYED BY MOUNT SINAI SCHOOL OF MEDICINE. NEITHER MS. CULLMAN NOR MR. CULLMAN HAS ANY INVOLVEMENT IN DECISIONS RELATED TO HER EMPLOYMENT. NAME OF INTERESTED PERSON: Dr. ELISSA GRETZ FRIEDMAN TRUSTEE ROBERT FRIEDMAN'S WIFE IS EMPLOYED BY MOUNT SINAI SCHOOL OF MEDICINE. MR. FRIEDMAN HAS NO INVOLVEMENT IN DECISIONS RELATED TO HIS WIFE'S EMPLOYMENT. NAME OF INTERESTED PERSON: KIMBERLY HARRISON TRUSTEE CLIFFORD GOLDSMITH'S GRANDDAUGHTER IS EMPLOYED BY MOUNT SINAI SCHOOL OF MEDICINE. MR. GOLDSMITH HAS NO INVOLVEMENT IN DECISIONS RELATED TO HIS GRANDDAUGHTER'S EMPLOYMENT. NAME OF INTERESTED PERSON: Dr. IRWIN GRIBETZ TRUSTEE JUDAH GRIBETZ'S BROTHER IS EMPLOYED BY MOUNT SINAI SCHOOL OF MEDICINE. MR. GRIBETZ HAS NO INVOLVEMENT IN DECISIONS RELATED TO HIS BROTHER'S EMPLOYMENT. NAME OF INTERESTED PERSON: KAREN KOSTEGAN OFFICER MARK KOSTEGAN'S SPOUSE IS AN EMPLOYEE OF THE SCHOOL OF MEDICINE. MR. KOSTEGAN HAS NO INVOLVEMENT IN DECISIONS RELATED TO HIS WIFE'S EMPLOYMENT. NAME OF INTERESTED PERSON: BRIAN SCANLON OFFICER DONALD SCANLON'S SON IS AN EMPLOYEE OF THE HOSPITAL. MR. SCANLON HAS NO INVOLVEMENT IN DECISIONS RELATED TO HIS SON'S EMPLOYMENT. NAME OF INTERESTED PERSON: ETHYLIN WANE JABS officer DOUGLAS JABS' SPOUSE IS AN EMPLOYEE OF THE SCHOOL OF MEDICINE. MR. JABS HAS NO INVOLVEMENT IN DECISIONS RELATED TO HIS WIFE'S EMPLOYMENT. NAME OF INTERESTED PERSON: FRANCESCO RAMIREZ OFFICER MARGARET PASTUSZKO'S SPOUSE IS AN EMPLOYEE OF THE SCHOOL OF MEDICINE. MRS. PASTUSZKO HAS NO INVOLVEMENT IN DECISIONS RELATED TO HER HUSBAND'S EMPLOYMENT. NAME OF INTERESTED PERSON: ASAF RABINOVITZ TRUSTEE JOSEPH SHENKER'S SON-IN-LAW IS EMPLOYED BY MOUNT SINAI SCHOOL OF MEDICINE. MR. SHENKER HAS NO INVOLVEMENT IN DECISIONS RELATED TO HIS SON-IN-LAW'S EMPLOYMENT. NAME OF INTERESTED PERSON: Gary B. Davis Officer Dr. Kenneth Davis's brother is an employee of the Hospital. Dr. Davis has no involvement in decisions related to his brother's employment. *ALL REPORTED AMOUNTS REFLECT AGGREGATE 2011 SPENDING FOR THE MOUNT SINAI HOSPITAL, MOUNT SINAI SCHOOL OF MEDICINE OF NEW YORK UNIVERSITY, AND ALL RELATED ENTITIES AND ORGANIZATIONS. X 12 10000 RESALE VALUE X 28157 RESALE VALUE X 48 3837102 RESALE VALUE X 12 8892 RESALE VALUE X BABY ACCESSORIES 3 1620 RESALE VALUE X BLOOMINGDALE'S BASKET 1 500 resale value X BOAT CRUISE 2 2250 resale value X COSMETICS 1 200 resale value X CUSHION 1 400 resale value X ENTERTAINMENT 24 27771 resale value X GIFT CERTIFICATE 8 2685 resale value X HEALTH 3 710 resale value X JEWELRY 4 4070 resale value X MEMORABILIA 3 1800 resale value X PHOTOGRAPHY 19 17350 resale value X TOUR 4 700 RESALE VALUE X TOYS 1 600 RESALE VALUE X VACATION 12 37348 RESALE VALUE X WHEELCHAIR 1 975 RESALE VALUE false true true SCHEDULE M, PART I, LINE 9 25,000 SHARES OF ESTEE LAUDER (EL) VALUED AT $2,831,500. 8,400 SHARES OF LEUCADIA CORP. (LUK) VALUED AT $198,324. 3,000 SHARES OF CENTURYLINK (CTL) VALUED AT $108,570. 632 SHARES OF PRECISION CASTPARTS (PCP) VALUED AT $100,488. 1,250 SHARES OF ROWAN COMPANIES, INC. (RDC) VALUED AT $50,700. 310 SHARES OF PRECISION CASTPARTS (PCP) VALUED AT $50,514.50 293 SHARES OF PRECISION CASTPARTS CORP COM NPV (PCP) VALUED AT $50,460.46 327 SHARES OF PRECISION CASTPARTS (PCP) VALUED AT $50,279.52 700 SHARES OF VALEANT PHARMACEUTICALS (VRX) VALUED AT $29,211. 1,040 SHARES OF AEROPOSTALE (ARO) VALUED AT $27,081.60 1,400 SHARES OF GENERAL ELECTRIC COMPANY (GE) VALUED AT $26,166. 295 SHARES OF VANGUARD SMALL CAP GROWTH (VBK) VALUED AT $25,673.85 155 SHARES OF PRECISON CASTPARTS (PCP) VALUED AT $25,495.95 160 SHARES OF PRECISON CASTPARTS (PCP) VALUED AT $25,316.80 124 SHARES OF PRECISION CASTPARTS (PCP) VALUED AT $20,396.76 92 SHARES OF PRESICION CASTPARTS (PCP) VALUED AT $15,171.72 341 SHARES OF MSCI ASIA PACIFIC EX-JAPAN (EPP) VALUED AT $14,983.54 80 SHARES OF INTERNATIONAL BUS MACH CORP (IBM) VALUED AT $14,677.60 200 SHARES OF CABOT OIL & GAS (COG) VALUED AT $14,626. 126 SHARES OF MCDONALD'S (MCD) VALUED AT $12,326.58 160 SHARES OF PHILIP MORRIS (PM) VALUED AT $12,208. 179 SHARES OF COCA COLA (KO) VALUED AT $12,091.45 119 SHARES OF CHEVRON CORP (CVX) VALUED AT $11,949.98 420 SHARES OF ALTRIA GROUP (MO) VALUED AT $10,210.20 29 SHARES OF APPLE (AAPL) VALUED AT $10,203.07 185 SHARES OF VANGUARD DIVIDEND (VIG) VALUED AT $10,093.60 1,265 SHARES OF AGIC CONVERTIBLE & INCOME FUND II (NCZ) VALUED AT $9,968.20 830 SHARES OF SAPIENT CORP. (SAPE) VALUED AT $9,918.50 750 SHARES OF H & E EQUIPMENT SERVICES (HEES) VALUED AT $9,877.50 220 SHARES OF LEGGETT & PLATT INC. (LEG) VALUED AT $5,110.60 66 SHARES OF GENERAL DYNAMICS CORP (GD) VALUED AT $5,092.56 106 SHARES OF BARRICK GOLD CORP (ABX) VALUED AT $5,077.40 237 SHARES OF GENERAL ELECTRIC CO (GE) VALUED AT $5,057.58 26 SHARES OF IBM (IBM) VALUED AT $5,004.22 60 SHARES OF JOHNSON & JOHNSON (JNJ) VALUED AT $3,504. 73 SHARES OF GRIFFIN LAND AND NURSERIES (GRIF) VALUED AT $2,208.98 78 SHARES OF AT&T (T) VALUED AT $2,162.94 45 SHARES OF BP AMOCO (BP) VALUED AT $2,101.05 55 SHARES OF ONEX CORP SUB VTG (ONEX) VALUED AT $2,096.05 19 SHARES OF CHEVRON (CVX) VALUED AT $1,986.26 10 SHARES OF IBM (IBM) VALUED AT $1,812.70 27 SHARES OF PEPSICO (PEP) VALUED AT $1,796.85 2,213 SHARES OF JOHNSON AND JOHNSON (JNJ) VALUED AT $1,528.97 45 SHARES OF NORTHERN OIL & GAS (NOG) VALUED AT $1,060.2 30 SHARES OF WALGREEN CO (WAG) VALUED AT $1,026. 9 SHARES OF ESTEE LAUDER (EL) VALUED AT $957.60 5 SHARES OF PRAXAIR (PX) VALUED AT $524.75 25 SHARES OF PFIZER (PFE) VALUED AT $509.25 SCHEDULE M, PART I, LINE 32B NON-CASH DONATIONS ARE RESOLD THROUGH OUTSIDE AUCTION HOUSES. PART I, LINE 1 & PART III, LINE 1 ORGANIZATION MISSION STATEMENT MOUNT SINAI SCHOOL OF MEDICINE COMMITS TO THE ADVANCEMENT OF THE ART AND SCIENCE OF MEDICINE THROUGH CLINICAL EXCELLENCE. THIS CENTRAL MISSION CONSISTS OF QUALITY PATIENT CARE AND TEACHING CONDUCTED IN AN ATMOSPHERE OF SOCIAL CONCERN AND SCHOLARLY INQUIRY INTO THE NATURE, CAUSATION, PREVENTION AND TREATMENT OF HUMAN DISEASE. PART I, LINE 5 NUMBER OF EMPLOYEES ALL EMPLOYEES OF THE HOSPITAL AND MOUNT SINAI SCHOOL OF MEDICINE, INCLUDING THOSE WHO PROVIDE SERVICES AT ELMHURST HOSPITAL CENTER AND QUEENS HOSPITAL CENTER, UTILIZE A COMMON PAYMASTER UNDER THE HOSPITAL'S TAX IDENTIFICATION NUMBER. THE TOTAL NUMBER OF EMPLOYEES REPORTED UNDER THE HOSPITAL TAX IDENTIFICATION NUMBER IS 21,220. THE NUMBER OF DIRECT SCHOOL EMPLOYEES IS 9,044. PART VI, SECTION A, LINE 2 FAMILY/BUSINESS RELATIONSHIPS TRUSTEES LEON BLACK AND JOSHUA HARRIS ARE MANAGING PARTNERS OF THE SAME FIRM. TRUSTEES JAMES CRYSTAL AND JEAN CRYSTAL ARE MARRIED TO EACH OTHER. TRUSTEES EDGAR CULLMAN, JR. AND SUSAN CULLMAN ARE SIBLINGS. TRUSTEE EDGAR CULLMAN, SR. (DECEASED) WAS THE FATHER OF TRUSTEES SUSAN CULLMAN AND EDGAR CULLMAN, JR. TRUSTEES EDGAR CULLMAN, SR. AND EDGAR CULLMAN, JR. BOTH HAD OWNERSHIP INTERESTS IN THE SAME FIRM. TRUSTEE BONNIE DAVIS, M.D. IS MARRIED TO KENNETH DAVIS, M.D., WHO IS PRESIDENT AND CHIEF EXECUTIVE OFFICER OF THE MOUNT SINAI MEDICAL CENTER. TRUSTEES SONIA GARDNER AND MARC LASRY ARE SIBLINGS AND ARE ALSO CO-OWNERS OF THE SAME FIRM. TRUSTEES MICHAEL GROSS AND VICKI GROSS ARE MARRIED TO EACH OTHER. TRUSTEE MARC LIPSCHULTZ IS A MEMBER OF A FIRM OF WHICH TRUSTEE HENRY KRAVIS IS CO-CEO. TRUSTEES JUDITH RUBIN AND HON. ROBERT RUBIN ARE MARRIED TO EACH OTHER. TRUSTEES PETER COHEN AND TOM STRAUSS ARE OFFICERS OF THE SAME FIRM. PART VI, SECTION B, LINE 11B FORM 990 PROVIDED TO GOVERNING BODY THE FINANCE DEPARTMENT GATHERED THE RELEVANT INFORMATION AND PREPARED THE TAX RETURNS *OUR OUTSIDE AUDITORS, ERNST & YOUNG, PARTICIPATED IN THE PREPARATION OF, AND REVIEWED, ALL TAX RETURNS. *A QUESTIONNAIRE WAS CIRCULATED TO ALL TRUSTEES (I.E., DIRECTORS), OFFICERS AND KEY EMPLOYEES IN ORDER TO ELICIT THE INFORMATION REQUIRED TO BE REPORTED ON THE TAX RETURNS. *THE TRUSTEE CONFLICTS OF INTEREST REVIEW COMMITTEE REVIEWED THE RESPONSES PROVIDED BY TRUSTEES AND CERTAIN OFFICERS IN THE QUESTIONNAIRES AND ASSESSED ADDITIONAL PERTINENT FACTS GATHERED BY THE INSTITUTION IN ORDER TO EVALUATE THE APPLICABILITY OF IRS REPORTING REQUIREMENTS. THE REVIEW COMMITTEE THEN DETERMINED THE APPROPRIATE TRUSTEE (AND CERTAIN OFFICER) DISCLOSURES THAT SHOULD BE MADE ON FORM 990 BASED ON THE RECOMMENDATIONS OF THE FINANCE DEPARTMENT, THE GENERAL COUNSEL'S OFFICE AND THE COMPLIANCE DEPARTMENT. THESE RECOMMENDATIONS WERE REVIEWED AND APPROVED BY E&Y. THE SAME PROCESS WAS CONDUCTED BY THE FINANCE DEPARTMENT, THE GENERAL COUNSEL'S OFFICE, THE COMPLIANCE DEPARTMENT AND E&Y WITH RESPECT TO THE QUESTIONNAIRES SUBMITTED BY OTHER OFFICERS AND KEY EMPLOYEES *THE AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD OF TRUSTEES CONDUCTED A REVIEW OF THE ENTIRE TAX RETURN, WITH THE PARTICIPATION OF E&Y, THE FINANCE DEPARTMENT, AND THE GENERAL COUNSEL'S OFFICE. THE AUDIT COMMITTEE APPROVED THE TAX RETURNS AS PRESENTED. *THE AUDIT COMMITTEE'S REPORT OF ITS REVIEW OF THE TAX RETURNS AND ITS RECOMMENDATION TO FILE THE RETURNS WERE PRESENTED TO, AND ACCEPTED BY, THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES (THE "EXECUTIVE COMMITTEE"). *IN ADDITION TO AUTHORIZING THE FILING OF THE TAX RETURNS, THE EXECUTIVE COMMITTEE DIRECTED THAT THE RETURNS, WHICH WILL BE FILED ON OR BEFORE NOVEMBER 15, 2012, BE PROVIDED TO ALL TRUSTEES VIA THE TRUSTEES' CONFIDENTIAL WEBSITE, AND THOSE RETURNS WERE SO PROVIDED BEFORE BEING FILED. PART VI, SECTION B, LINE 12C MONITORING & ENFORCING COMPLIANCE WITH THE POLICY COMPLIANCE WITH THE ORGANIZATION'S BUSINESS CONFLICTS OF INTEREST POLICY (THE "POLICY") IS REQUIRED OF TRUSTEES, EMPLOYEES, MEDICAL STAFF AND NON-EMPLOYEE MEMBERS OF INSTITUTIONAL COMMITTEES AND INCLUDES AN ONGOING DUTY TO DISCLOSE POTENTIAL CONFLICTS. COMPLIANCE WITH THE POLICY IS MONITORED AND ENFORCED REGULARLY AND CONSISTENTLY. ALL DISCLOSURES WITH THE POTENTIAL FOR CONFLICT ARE REVIEWED BY AN APPROPRIATE COMMITTEE WHERE THEY ARE CAREFULLY EVALUATED. WHEN APPROPRIATE, A PLAN, WHICH MAY INVOLVE MEASURES INCLUDING, BUT NOT LIMITED TO, RECUSAL FROM PARTICIPATING IN AFFECTED TRANSACTIONS, IS DEVELOPED TO MANAGE THE POTENTIAL CONFLICT. PART VI, SECTION B, LINES 15A & 15B PROCESS FOR DETERMINATION OF COMPENSATION THE COMPENSATION, EMPLOYEE BENEFITS AND EMPLOYEE RELATIONS COMMITTEE OF THE BOARDS OF TRUSTEES (THE "COMPENSATION COMMITTEE") DETERMINES THE COMPENSATION FOR THE CEO AND REVIEWS AND MODIFIES OR APPROVES THE CEO'S RECOMMENDATIONS FOR COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES, INCLUDING PHYSICIAN LEADERS, WHO ARE OR MAY BE "DISQUALIFIED PERSONS" AS THAT TERM IS DEFINED IN IRC SECTION 4958. THE COMPENSATION COMMITTEES' OPERATING PROCEDURES ARE DESIGNED TO ENSURE THAT THE COMPENSATION OF ALL SUCH OFFICERS AND KEY EMPLOYEES IS REASONABLE (I.E. THE VALUE OF SERVICES IS THE AMOUNT THAT WOULD ORDINARILY BE PAID FOR LIKE SERVICES BY LIKE ENTERPRISES UNDER LIKE CIRCUMSTANCES), AND TO FOLLOW THE SPECIFIC STEPS OUTLINED IN THE IRC REGULATIONS FOR ESTABLISHING THE PRESUMPTION OF REASONABLENESS. THE COMPENSATION COMMITTEE CONSISTS EXCLUSIVELY OF INDEPENDENT TRUSTEES WITHOUT ANY CONFLICT OF INTEREST (AS DEFINED IN THE APPLICABLE IRC REGULATIONS) WITH REGARD TO THE COMPENSATION ARRANGEMENTS BEING REVIEWED OR APPROVED. THE COMPENSATION COMMITTEE SELECTS AND ENGAGES AN INDEPENDENT, QUALIFIED COMPENSATION CONSULTANT WHICH PERFORMS SUCH VALUATIONS ON A REGULAR BASIS TO PROVIDE APPROPRIATE COMPARABILITY DATA. COMPARABILITY DATA INCLUDES, BUT IS NOT LIMITED TO, COMPENSATION LEVELS PAID BY SIMILARLY SITUATED ORGANIZATIONS, BOTH TAXABLE AND TAX-EXEMPT, FOR FUNCTIONALLY COMPARABLE POSITIONS; THE AVAILABILITY OF SIMILAR SERVICES IN THE GEOGRAPHIC AREA; CURRENT COMPENSATION SURVEYS COMPILED BY INDEPENDENT FIRMS; AND ACTUAL WRITTEN OFFERS FROM SIMILAR INSTITUTIONS COMPETING FOR THE SERVICES OF THE DISQUALIFIED PERSON. THE COMPENSATION COMMITTEE REVIEWS AND EVALUATES THE COMPARABILITY DATA AND ANY ANALYSIS PROVIDED BY THE CONSULTANT AND DECIDES WHETHER TO RELY ON THE DATA PROVIDED. FOR THE CEO, THE COMMITTEE THEN DETERMINES AN APPROPRIATE LEVEL OF TOTAL COMPENSATION IN RELATION TO THE COMPARABILITY DATA. FOR THE OTHER EXECUTIVES AND KEY EMPLOYEES, THE COMMITTEE ALSO REVIEWS THE POSITION DESCRIPTION, THE CREDENTIALS OF THE INCUMBENT OR THE CANDIDATE FOR THE POSITION, AND THE CEO'S RECOMMENDATION, IN RELATION TO THE COMPARABILITY DATA, AND DECIDES WHETHER TO APPROVE THE RECOMMENDED COMPENSATION OR TO MODIFY IT. THE COMPENSATION COMMITTEE DISCUSSES AND VOTES ON THE COMPENSATION ARRANGEMENTS FOR THE EXECUTIVE STAFF IN EXECUTIVE SESSION (I.E. WITHOUT STAFF PRESENT). THE COMPENSATION COMMITTEE CONTEMPORANEOUSLY DOCUMENTS IN WRITTEN MINUTES ITS DECISIONS, THE PROCESS USED IN REACHING THE DECISIONS, THE COMPARABILITY DATA RELIED ON IN MAKING THE DECISIONS, AND THE COMPENSATION COMMITTEE'S RATIONALE FOR THE DECISIONS (WHEN ONE IS CALLED FOR). PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC THE ORGANIZATION MAKES ITS BUSINESS CONFLICTS OF INTEREST POLICY AVAILABLE ON ITS WEBSITE (WWW.MOUNTSINAI.ORG) AND MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. PART VII, LINE 2 EMPLOYEES WHO RECEIVED MORE THAN $100,000 IN COMPENSATION DIRECT SCHOOL EMPLOYEES WHO RECEIVE MORE THAN $100,000 TOTAL 2,193. THIS EXCLUDES EMPLOYEES OF THE OTHER ENTITIES FOR WHICH THE HOSPITAL OPERATES AS THE PAYMASTER AS DESCRIBED IN THE SCHEDULE O EXPLANATION FOR IRS FORM 990, CORE FORM PART I, LINE 5. PART XI, LINE 5 OTHER CHANGES IN NET ASSETS OR FUND BALANCES UNREALIZED LOSS ON INVESTMENTS - (20,092,134) PART VII, SECTION A AVERAGE HOURS DEVOTED TO RELATED ORGANIZATIONS *Connie C. Klepper - 27.5 hours with MSH and 1 hour with MSMC *Deborah Marin, M.D. - 38.5 hours with MSH *Donald T. Scanlon - 27.5 hours with MSH, 1 hour with MSMC Realty, 1 hour with MSMC RES REALTY, and 1 hour with MSMC *Frank Cino - 34.1 hours with MSH and 1 hour with MSMC *Jack Nelson - 47.8 hours with MSH and 1 hour with MSMC *Jane Maksoud - 25.9 hours with MSH and 1 hour with MSMC *Jane Whitney - 28.6 hours with MSH 1 hour with MSMC *Jeffrey Silberstein, MBA - 27.5 hours with MSH and 1 hour with MSMC *Kenneth L. Davis, M.D. - 27.5 hours with MSH, 1 hour with MSMC Realty, and 1 hour with MSMC *Kumar Chatani - 47.8 hours with MSH and 1 hour with MSMC *Mark Kostegan FAHP - 16.5 hours with MSH, 1 hour with MSMC, and 1 hour with Mitral Foundation *Michael Macdonald - 27.5 hours with MSH and 1 hour with MSMC *Elena Abraham - 41 hours with MSH and 1 hour with MSMC *Margaret Pastuszko - 27.5 hours with MSH and 1 hour with MSMC *BARRY STIMMEL - 8.7 HOURS WITH MSH *DENNIS CHARNEY - 1 HOUR WITH MSMC AND 1 HOUR WITH MITRAL FOUNDATION Schedule K BOND A: PART II, LINE 3: THE DIFFERENCE BETWEEN THE TOTAL PROCEEDS OF ISSUE AND ISSUE PRICE ON FORM 8038 IS NET EARNINGS OF $10,820. PART II, LINE 7: ANY DIFFERENCE BETWEEN THE AMOUNT REPORTED ON SCHEDULE K AND THE AMOUNT REPORTED ON FORM 8038, PART IV, LINE 24 IS UNSPENT ISSUANCE COSTS FROM PROCEEDS WHICH HAS BEEN REPORTED ON PART II, LINE 12 OF SCHEDULE K. PART II, LINE 12: THE OTHER UNSPENT PROCEEDS CONSISTS OF ISSUANCE COSTS THAT WERE UNREIMBURSED AND WILL CONTINUE DECREASE IN 2012. BOND B: PART II, LINE 3: THE DIFFERENCE BETWEEN THE TOTAL PROCEEDS OF ISSUE AND ISSUE PRICE ON FORM 8038 IS NET EARNINGS OF $3,121,255. PART II, LINE 4: ANY DIFFERENCE BETWEEN GROSS PROCEEDS ON RESERVE FUNDS AND THE AMOUNT REPORTED ON FORM 8038, PART IV, LINE 26 IS CUMULATIVE NET INTEREST EARNINGS. PART II, LINE 12: THE OTHER UNSPENT PROCEEDS WILL CONTINUE DECREASE AS THE YEAR OF SUBSTANTIAL COMPLETION APPROACHES. BOND C: PART II, LINE 3: THE DIFFERENCE BETWEEN THE TOTAL PROCEEDS OF ISSUE AND ISSUE PRICE ON FORM 8038 IS NET EARNINGS OF $1,436,189. PART II, LINE 4: ANY DIFFERENCE BETWEEN GROSS PROCEEDS ON RESERVE FUNDS AND THE AMOUNT REPORTED ON FORM 8038, PART IV, LINE 26 IS CUMULATIVE NET INTEREST EARNINGS. PART II, LINE 12: THE OTHER UNSPENT PROCEEDS WILL DECREASE TO ZERO BY 2012 YEAR END. BOND D: PART II, LINE 3: THE DIFFERENCE BETWEEN THE TOTAL PROCEEDS OF ISSUE AND ISSUE PRICE ON FORM 8038 IS NET EARNINGS OF $7,020. PART II, LINE 4: ANY DIFFERENCE BETWEEN GROSS PROCEEDS ON RESERVE FUNDS AND THE AMOUNT REPORTED ON FORM 8038, PART IV, LINE 26 IS CUMULATIVE NET INTEREST EARNINGS. PART II, LINE 12: THIS AMOUNT IS UNDER DISCUSSION AMONGST OUR BOND COUNSEL AND WILL BE DRAWN DOWN FOLLOWING THESE DISCUSSIONS. THE MOUNT SINAI HOSPITAL ONE GUSTAVE L LEVEY PLACE NEW YORK NY 10029 131624096 HOSPITAL NY 501(C)(3) 3 na false THE MOUNT SINAI MEDICAL CENTER INC ONE GUSTAVE L LEVY PLACE NEW YORK NY 10029 136271888 SUPPORT NY 501(C)(3) 11 type II na false MSMC REALTY CORPORATION ONE GUSTAVE L LEVY PLACE NEW YORK NY 10029 133852596 REAL ESTATE NY 501(C)(3) 11 type I SEE PART VII true MSMC RESIDENTIAL REALTY LLC 1425 MADISON AVENUE NEW YORK NY 10029 200244426 REAL ESTATE NY 501(C)(3) 11 type I SEE PART VII true MOUNT SINAI CHILDREN'S CTR FOUNDATION ONE GUSTAVE L LEVY PLACE NEW YORK NY 10029 223059294 SUPPORT NY 501(C)(3) 11 type I MSSM true MITRAL FOUNDATION 1190 5TH AVENUE NEW YORK NY 10017 800468600 SUPPORT NY 501(C)(3) 11 type I MSSM true MOUNT SINAI DIAGNOSTIC & TREATMENT CTR ONE GUSTAVE L LEVY PLACE NEW YORK NY 10029 450537391 DIAG CLINIC NY 501(C)(3) 3 MSSM true MSMC RESIDENTIAL REALTY MANAGERS INC 1425 MADISON AVENUE NEW YORK NY 10029 201289396 MANAGEMENT NY 501(C)(3) 11 TYPE I SEE PART VII true false false true false true false false false true false false false true true true true false true THE MOUNT SINAI HOSPITAL c 11750623 COST THE MOUNT SINAI HOSPITAL E 1079671 COST THE MOUNT SINAI HOSPITAL I 8051106 COST THE MOUNT SINAI HOSPITAL M 19040232 COST THE MOUNT SINAI HOSPITAL N 20629991 COST THE MOUNT SINAI HOSPITAL P 142812916 COST THE MOUNT SINAI HOSPITAL O 839263414 COST MSMC RESIDENTIAL REALTY LLC C 410873 COST MSMC REALTY CORPORATION C 469377 COST MITRAL FOUNDATION C 1310710 COST MOUNT SINAI CHILDREN'S CENTER FOUNDATION C 400000 COST PART II, LINE 5, COLUMN F DIRECT CONTROLLING ENTITY THE MOUNT SINAI SCHOOL OF MEDICINE, THE MOUNT SINAI HOSPITAL, AND THE MOUNT SINAI MEDICAL CENTER ARE ALL MEMBERS OF THE ENTITY. PART II, LINE 6, COLUMN F DIRECT CONTROLLING ENTITY THE MOUNT SINAI SCHOOL OF MEDICINE, THE MOUNT SINAI HOSPITAL, THE MSMC REALTY CORP. AND THE MSMC RESIDENTIAL REALTY MANAGER LLC ARE ALL MEMBERS OF THIS ENTITY. PART II, LINE 8, COLUMN F DIRECT CONTROLLING ENTITY THE MOUNT SINAI SCHOOL OF MEDICINE, THE MOUNT SINAI HOSPITAL, AND THE MSMC REALTY CORPORATION ARE ALL MEMBERS OF THIS ENTITY.