2013-11-13T18:44:20-06:00 2012-12-31 ERNST & YOUNG US LLP 111 MONUMENT CIRCLE INDIANAPOLIS IN 46204 990 2012-01-01 136171197 ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI % STEPHEN HARVEY ICAH 2127313413 ONE GUSTAVE L LEVY PLACE Suite NEW YORK NY 10029 STEPHEN HARVEY 2013-11-13 3176817000 2013-11-15 2012 2016-02-24 21:20:13Z STEPHEN HARVEY One Gustave L Levy Place New York NY 10029 1572652377 false X http://WWW.ICAHN.MSSM.EDU X 1964 NY SEE SCHEDULE O 44 37 9159 502 401828 362004 110794747 143059000 1229368295 1285196533 25537993 34781981 51431520 107746968 1417132555 1570784482 3292010 3169636 0 0 932638153 1014398886 0 0 6998788 475728704 474324050 1411658867 1491892572 5473688 78891910 2079179877 2206505880 1161967728 1171600354 917212149 1034905526 X SEE SCHEDULE O false false 226650850 3169636 187543492 ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI 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. 279259556 0 337457225 ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI CONDUCTS RESEARCH IN THE AREAS OF BIOLOGICAL, SOCIAL AND PHYSICAL SCIENCES. FUNDAMENTAL AND APPLIED RESEARCH IS PRIMARILY ENTERED IN GEOGRAPHIC PROXIMITY TO CLINICAL FACILITIES. 772739367 0 766833844 ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI PROVIDES BASIC AND TERTIARY PHYSICIANS SERVICES TO PATIENTS ON AN ONGOING BASIS. 1278649773 true true false false false false false false false true true true 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 false true true true true false false true true true true false false true 1349 0 true 9159 true true true false false false false true true false false false false X 44 37 true false true 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 peter w may 4.0 5.0 X X 0 0 0 frederick A klingenstein 4.0 5.0 X X 0 0 0 donald j gogel 4.0 5.0 X X 0 0 0 michael minikes 4.0 6.0 X X 0 0 0 robert e rubin 4.0 5.0 X X 0 0 0 james w crystal 4.0 5.0 X X 0 0 0 glenn dubin 4.0 5.0 X X 0 0 0 joel s ehrenkranz 4.0 5.0 X X 0 0 0 ellen katz 4.0 5.0 X X 0 0 0 henry r kravis 4.0 5.0 X X 0 0 0 john a levin 4.0 5.0 X X 0 0 0 eric mindich 4.0 5.0 X X 0 0 0 Andrew m saul 4.0 5.0 X X 0 0 0 thomas w strauss 4.0 5.0 X X 0 0 0 thomas r block 4.0 1.0 X X 0 0 0 christopher w brody 2.0 1.0 X 0 0 0 charles r bronfman 2.0 0.0 X 0 0 0 dr Andrew B Leibowitz 2.0 0.0 X 0 0 0 jean c crystal 2.0 0.0 X 0 0 0 steven g einhorn 2.0 0.0 X 0 0 0 blaine v fogg 2.0 4.0 X 0 0 0 richard a friedman 2.0 0.0 X 0 0 0 arne glimcher 2.0 0.0 X 0 0 0 clifford h goldsmith 2.0 6.0 X 0 0 0 Michael s gross 2.0 0.0 X 0 0 0 vicki gross 2.0 0.0 X 0 0 0 george j grumbach jr 2.0 1.0 X 0 0 0 andrew d heineman 2.0 3.0 X 0 0 0 carl c icahn 2.0 2.0 X 0 0 0 lewis p jones 2.0 2.0 X 0 0 0 marc lasry 2.0 0.0 X 0 0 0 patricia s levinson 2.0 2.0 X 0 0 0 bernard w nussbaum 2.0 3.0 X 0 0 0 judith O rubin 2.0 3.0 X 0 0 0 stephen l schwartz 2.0 2.0 X 0 0 0 daniel h stern 2.0 0.0 X 0 0 0 michael j urfirer 2.0 0.0 X 0 0 0 robert friedman 2.0 0.0 X 0 0 0 robin neustein 2.0 0.0 X 0 0 0 eric m ruttenberg 2.0 3.0 X 0 0 0 dr jephtha tausig-edwards 2.0 2.0 X 0 0 0 DR JEFFREY T LAITMAN 2.0 0.0 X 0 0 0 RICHARD RAVITCH 4.0 5.0 X X 0 0 0 Gail GoldenIcahn 2.0 1.0 X 0 0 0 Kenneth L Davis MD 26.5 28.5 X 1599911 1599911 57450 Dennis Charney MD 3 53.0 2.0 X 1483812 0 41835 michael macdonald esq 27.0 28.0 X 480777 480777 61658 donald t scanlon 26.0 29.0 X 786032 786032 52084 jeffrey silberstein 27.0 28.0 X 514147 514147 41572 stephen harvey 51.0 4.0 X 707935 0 69424 mark kostegan fahp 37.1 17.9 X 579138 248202 43526 jane maksoud 28.7 26.3 X 389319 345245 57157 elana abraham 14 13.5 41.5 X 0 242660 49393 jessica moise 55.0 0.0 X 176760 0 32624 john morrison phd23 55.0 0.0 X 467044 0 47259 jasmin moshirpur md 55.0 0.0 X 557387 0 65115 david muller md 2 55.0 0.0 X 454964 0 46437 hugh sampson md 2 55.0 0.0 X 497011 0 39432 phyllis schnepf 55.0 0.0 X 354279 0 40883 alfred r stern 4.0 5.0 X 0 0 0 JAMES S TISCH 4.0 5.0 X Douglas Jabs MD 54.0 1.0 X 864186 0 45591 robert desnickmdphd2 55.0 0.0 X 329109 0 56792 margaret pastuszko 27.0 28.0 X 332349 332349 49668 philip landrigan md2 55.0 0.0 X 453730 0 51251 CONNIE C KLEPPER 27.0 28.0 X 352556 352556 40926 frank cino 20.5 34.5 X 169920 277238 46018 jane whitney 25.9 29.1 X 168710 182770 39807 mark babyatsky md 55.0 0.0 X 477726 0 35886 KUMAR CHATANI 7.0 48.0 X 113012 756312 24547 BARABRA MURPHY MD 55.0 0.0 X 547009 0 47997 David B Samadi MD 6 55.0 0.0 X 7538001 0 42452 Samin Sharma MD 6 55.0 0.0 X 4751622 0 48075 Andrew Hecht MD 6 55.0 0.0 X 6831383 0 38812 SHEERAZ QURESHI MD 6 55.0 0.0 X 4754100 0 38670 ARTHUR JENKINS III 6 55.0 0.0 X 4329770 0 46567 deborah Marin md 5 16.5 38.5 X 123009 287023 36814 barry stimmel md 5 46.3 8.7 X 191058 35852 56248 maureen milici 5 55.0 0.0 X 190768 0 22781 lynn kasner-morgan5 55.0 0.0 X 120556 0 13110 41687090 6441074 1527861 2258 true true false JONES DAY 222 EAST 41ST STREET NEW YORK NY 100176702 LEGAL FEES 4291094 CAREMARK LLC PO BOX 840688 DALLAS TX 75284 PHARMACEUTICALS 3146098 WILLKIE FARR GALLAGHER 787 SEVENTH AVENUE NEW YORK NY 100196099 LEGAL FEES 541454 SASM F LLP PO BOX 1764 WHITE PLAINS NY 10602 LEGAL FEES 334136 MARSHALL GERSTEIN BORUN 233 SOUTH WACKER DRIVE CHICAGO IL 60606 LEGAL FEES 313485 22 6761916 16792715 169320 119335049 3209422 143059000 PATIENT CARE/LAB SERVICES 621500 564455735 564455735 FEDERAL CONTRACTS 541700 270684751 270684751 NYC HEALTH AND HOSP. CORP. 621400 202378109 202378109 MOUNT SINAI HOSPITAL CARTS 561000 154528725 154528725 PRIVATE CONTRACTS 541700 66772474 66772474 26376739 26376739 1285196533 5417925 364828 5053097 89882 89882 79985188 79985188 8051106 8051106 0 8051106 8051106 29274174 29274174 29274174 29274174 502218 6761916 1867895 -1365677 -1365677 0 0 MASTERS PROGRAM TUITION & RELATED FEES 900099 4891986 4891986 AUX ENTERPRISES 812930 2772578 2772578 MEDICAL EDUCATION 611710 1746042 1746042 11665745 37000 11628745 21076351 1570784482 1291834561 401828 135489093 0 3169636 3169636 0 0 13613371 2807051 9853994 952326 0 805062377 751731336 50413506 2917535 28785405 26706755 1943673 134977 131903430 123017435 8292156 593839 35034303 30756794 3988384 289125 23148115 21697957 1132383 317775 6051137 5826040 225097 2434951 2434951 0 0 1566375 1566375 5804095 3882241 1839749 82105 2788065 2691618 96447 43584398 41571448 1766005 246945 9710381 1268954 8375032 66395 27441727 15998545 11443182 83138252 33379388 49348153 410711 2588042 2068958 483281 35803 0 10638907 10087475 210735 340697 12177156 147164 12029992 0 56367151 28913322 27439412 14417 21203803 18434252 2769551 MEDICAL SUPPLIES 102118952 101981078 137874 PERIODICALS & PUBLISHING 4076210 1201014 2648639 226557 TUITION 2908757 1414704 1494053 HONORARIUMS 724265 712319 11946 55853311 55010329 698498 144484 1491892572 1278649773 206244011 6998788 10769537 12971068 107892293 66607631 106789584 119491656 55668147 69230168 1753514 1700000 0 0 56927141 69613573 0 0 8245497 8820355 1433974185 518544970 823797547 915429215 645087965 179412180 80226368 563005023 24458675 30172364 0 0 157563609 170052647 2079179877 2206505880 102421863 112138627 0 0 61827521 60550526 654817622 638466269 0 0 0 0 4378858 31469275 0 0 338521864 328975657 1161967728 1171600354 X 331996012 362351904 234987570 310021866 350228567 362531756 917212149 1034905526 2079179877 2206505880 X 78891910 37781972 1019495 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 444832422 16297655 47822776 3169636 18760494 487022723 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 0.14000 0.71000 0.15000 false true true 11011897 11011897 501101949 168680229 332421720 171990684 164628056 7362628 273884081 185236685 88647396 475985574 475985574 915429215 HEDGE FUNDS 452510026 F PRIVATE EQUITY INVESTMENTS 110494997 F 563005023 OTHER ASSETS 11380699 DUE FROM NYCH&H CORP. 10119148 INSURANCE CLAIMS 148552800 170052647 0 ACCRUED INTEREST PAYABLE 15961142 FEDERAL LOAN CAPITAL ADVANCES 4746766 EMPLOYEE RELOCATION LOAN PGM 44159564 POST RETIREMENT HLTH BENF OBLI 12965160 DUE TO RELATED ORGS NET 102590225 INSURANCE CLAIMS 148552800 328975657 1577531387 37781972 -29791561 7990411 1569540976 1566375 -322869 1243506 1570784482 1492741040 2414843 2414843 1490326197 1566375 1566375 1491892572 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 THE MOUNT SINAI MEDICAL CENTER POOLED INVESTMENT POLICY. PART XI, LINE 2D RECONCILIATION OF REVENUE PER AUDITED FINANCIAL STATEMENTS: REVENUE OF THE MITRAL FOUNDATION OF $1,906,816, THE CHILDREN'S CENTER FOUNDATION OF $650,713 WHICH ARE INCLUDED IN THE CONSOLIDATED AUDITED FINANCIAL STATEMENT OF ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI, INVESTMENT RETURN EARNED GREATER THAN AMOUNTS ALLOCATED TO OPERATIONS OF $34,339,000, AND EXPENSES NETTED FROM FUNDRAISING EVENTS OF $1,989,910. PART XII, LINE 4A RECONCILIATION OF REVENUE PER AUDITED FINANCIAL STATEMENTS: REVENUES OF $1,566,375 USED TO COVER INVESTMENT FEES ARE DRAWN FROM MOUNT SINAI'S INVESTMENT POOL. IT IS NOT RECORDED AS REVENUE OR EXPENSE ON THE AUDITED FINANCIAL STATEMENTS BECAUSE IT IS A COMPONENT OF TOTAL RETURN ON INVESTMENTS. PART XI, LINE 4B RECONCILIATION OF REVENUE PER AUDITED FINANCIAL STATEMENTS: DISTRIBUTIONS FROM RELATED PARTIES NOT INCLUDED AS A CONTRIBUTION IN THE AUDITED FINANCIAL STATEMENT OF $696,626 AND LOSS FROM 8 EAST 102ND STREET MANAGER LLC $1,019,495. PART XII, LINE 2D RECONCILIATION OF EXPENSES PER AUDITED FINANCIAL STATEMENTS: REFLECTS EXPENSES OF THE MITRAL FOUNDATION OF $300,656, THE CHILDREN'S CENTER FOUNDATION OF $673,737, AND ROUNDING OF $1,000, WHICH ARE INCLUDED IN THE CONSOLIDATED AUDITED FINANCIAL STATEMENT OF THE ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI. ALSO INCLUDES FUNDRAISING EXPENSES OF $1,989,910 THAT WERE NETTED FROM REVENUE PER SCHEDULE D, PART XI, LINE 2D, AND VARIOUS PROGRAM SERVICE AND M&G RELATED EXPENSES FUNDED BY RELATED PARTIES OF $549,460. PART XII, LINE 4A RECONCILIATION OF EXPENSES PER AUDITED FINANCIAL STATEMENTS: EXPENSES OF $1,566,375 USED TO COVER INVESTMENT FEES ARE DRAWN FROM MOUNT SINAI'S INVESTMENT POOL. IT IS NOT RECORDED AS REVENUE OR EXPENSE ON THE AUDITED FINANCIAL STATEMENTS BECAUSE IT IS A COMPONENT OF TOTAL RETURN ON INVESTMENT 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 291025000 East Asia and the Pacific Program Services SUBCONTRACT 25009 Central America and the Caribbean Program Services SUBCONTRACT 16926 Middle East and North Africa Program Services SUBCONTRACT 268493 Europe (Including Iceland and Greenland) Program Services SUBCONTRACT 1634934 North America Program Services SUBCONTRACT 345128 South America Program Services SUBCONTRACT 47652 293363142 293363142 true false true false 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 STATEMENTS REPORTING AS POOLED INVESTMENTS WHILE PART IV REPORTS ON FOREIGN FILINGS FILED BY THE RESPECTIVE ORGANIZATION. CRYSTAL PARTY 2865011 2631811 233200 345000 194895 1560 208598 BREAST HTH GAL 2111153 2055733 55420 193853 95465 142204 9 2287970 2074372 213598 262981 62051 12933 348355 7264134 6761916 502218 801834 256946 109958 699157 1867895 -1365677 true Scholarships 222 3169636 N/A N/A Part I, Line 2 ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI 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 X X X false false false false false false false false false Kenneth L Davis MD 735500 735500 750000 750000 114411 114411 12500 12500 16225 16225 1628636 1628636 0 0 Dennis Charney MD 3 725000 0 408722 0 350090 0 25000 0 16835 0 1525647 0 0 0 michael macdonald esq 290500 290500 71309 71309 118968 118968 10000 10000 20829 20829 511606 511606 0 0 deborah Marin md 5 97500 227500 0 0 25509 59523 7500 17500 3544 8270 134053 312793 0 0 donald t scanlon 396000 396000 325000 325000 65032 65032 12500 12500 13542 13542 812074 812074 0 0 jeffrey silberstein 342000 342000 128369 128369 43778 43778 12500 12500 8286 8286 534933 534933 0 0 stephen harvey 456000 0 200000 0 51935 0 25000 0 44424 0 777359 0 0 0 mark kostegan fahp 350000 150000 147013 63006 82125 35196 17500 7500 12968 5558 609606 261260 0 0 jane maksoud 269240 238760 84800 75200 35279 31285 13250 11750 17043 15114 419612 372109 0 0 elana abraham 14 0 233248 0 7500 0 1912 0 19934 0 29459 0 292053 0 0 jessica moise 160680 0 15600 0 480 0 16068 0 16556 0 209384 0 0 0 john morrison phd23 212097 0 50000 0 204947 0 21210 0 26049 0 514303 0 0 0 jasmin moshirpur md 302285 0 0 0 255102 0 25000 0 40115 0 622502 0 0 0 david muller md 2 212097 0 100000 0 142867 0 21210 0 25227 0 501401 0 0 0 barry stimmel md 5 168386 31597 0 0 22672 4255 16838 3160 30522 5728 238418 44740 0 0 hugh sampson md 2 199983 0 100000 0 197028 0 19998 0 19434 0 536443 0 0 0 maureen milici 5 156436 0 14404 0 19928 0 8028 0 14753 0 213549 0 0 0 lynn kasner-morgan5 119262 0 0 0 1294 0 1917 0 11193 0 133666 0 0 0 phyllis schnepf 254410 0 75000 0 24869 0 25000 0 15883 0 395162 0 0 0 Douglas Jabs MD 212097 0 154361 0 497728 0 21210 0 24381 0 909777 0 0 0 David B Samadi MD 6 168537 0 0 0 7369464 0 16854 0 25598 0 7580453 0 0 0 Samin Sharma MD 6 212532 0 250000 0 4289090 0 21253 0 26822 0 4799697 0 0 0 Andrew Hecht MD 6 159562 0 0 0 6671821 0 15956 0 22856 0 6870195 0 0 0 frank cino 123690 201810 36860 60140 9370 15288 7600 12400 9887 16131 187407 305769 0 0 jane whitney 148320 160680 18045 19549 2345 2541 9600 10400 9507 10300 187817 203470 0 0 mark babyatsky md 155383 0 0 0 322343 0 15538 0 20348 0 513612 0 0 0 robert desnickmdphd2 207531 0 0 0 121578 0 20753 0 36039 0 385901 0 0 0 margaret pastuszko 216875 216875 115000 115000 474 474 10000 10000 14834 14834 357183 357183 0 0 philip landrigan md2 212097 0 50000 0 191633 0 21210 0 30041 0 504981 0 0 0 CONNIE C KLEPPER 213000 213000 121367 121367 18189 18189 10000 10000 10463 10463 373019 373019 0 0 KUMAR CHATANI 58500 391500 35154 235263 19358 129549 975 6525 2216 14831 116203 777668 0 0 SHEERAZ QURESHI MD 6 139617 0 0 0 4614483 0 13962 0 24708 0 4792770 0 0 0 ARTHUR JENKINS III 6 169147 0 0 0 4160623 0 16914 0 29653 0 4376337 0 0 0 BARABRA MURPHY MD 216904 0 34722 0 295383 0 21690 0 26307 0 595006 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, ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI, The Mount Sinai Medical Center 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 ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI Form 990. (4) A portion of this compensation and benefits is attributable to her services provided to ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI 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 ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI, ROYALTY PAYMENTS RECEIVED BY EMPLOYEES OF ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI IN CONNECTION WITH INVENTIONS HAVE NOT BEEN TAKEN INTO ACCOUNT. A DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000923 6499055E2 2010-11-16 103555357 REFUND 3/2/1994 BONDS false false false B DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000923 649905RV0 2009-11-05 365504331 CONSTRUCTION OF NEW BUILDING false false false C DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000923 649903VG3 2007-09-27 125878626 CONSTRUCTION, REFUND 6/7/00 BONDS false false false D DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000923 64983UVZ0 2003-09-24 67374538 REFUND 8/15/91 BONDS false false false A 10900000 0 103566283 0 0 0 1423864 0 0 0 102047648 94771 2010 true false true true B 0 0 367766087 29700353 52927234 0 4266417 0 0 277714915 3061796 95372 2012 false false false true C 3775000 0 127324433 9202644 2625921 0 1393905 1553000 0 97441776 15107187 0 2010 true false true true D 41120000 0 67390674 6746538 0 0 974546 2171000 0 0 57454945 43645 2003 true false true true A 0 B false false true true true true 0 false false false true C false false true true true true 0.00090 0.00090 false false false true D 0 A false true false false 0 false 0 true false B false true false false 0 false 0 true false C false true false false 0 false 0 true false D false true false false 0 false 0 true false A false B false C false D false SCHEDULE K SUPPLEMENTAL INFORMATION 0 BOND A: PART II, LINE 3: THE DIFFERENCE BETWEEN THE TOTAL PROCEEDS OF ISSUE AND ISSUE PRICE ON FORM 8038 IS EARNINGS OF $10,926. 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 HAVE BEEN DRAWN TO $0 AS OF JANUARY 2013. PART IV, LINE 7: DASNY, THE BOND ISSUER INDICATED IN PART I (COLUMN A), DIRECTS AND MONITORS INVESTMENTS AND TAKES SOLE RESPOBSIBILITY FOR COMPLIANCE WITH THE REQUIREMENTS OF SECTION 148. THE ORGANIZATION DOES NOT DIRECT THE INVESTMENT OF BOND PROCEEDS. PART V: WRITTEN PROCEDURES ARE LIMITED TO THE RESEARCH PROCEDURES CONCERNING ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI'S RESEARCH AGREEMENTS. THE ORGANIZATION IS AWARE THAT A VOLUNTARY CLOSING AGREEMENT PROGRAM IS AVAILABLE IF A VIOLATION OF THE FEDERAL TAX REQUIREMENTS, SHOULD THEY OCCUR, CANNOT BE CORRECTED THROUGH SELF-REMEDIATION UNDER APPLICABLE REGULATIONS. The organization is considering devising procedures to ensure that in the event federal tax violations occur that cannot be corrected through self-remediation, such violations will qualify for resolution through the voluntary closing agreement program. BOND B: PART II, LINE 3: THE DIFFERENCE BETWEEN THE TOTAL PROCEEDS OF ISSUE AND ISSUE PRICE ON FORM 8038 IS EARNINGS OF $2,261,756. 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 INTEREST EARNINGS. PART II, LINE 12: THE OTHER UNSPENT PROCEEDS HAVE BEEN DRAWN TO $0 AS OF APRIL 2013. PART III, LINE 3A & 3B: ALL MANAGEMENT CONTRACTS ARE COMPLIANT WITH IRS REVENUE PROCEDURE 97-13. PART III, LINE 3C & 3D: ALL RESEARCH AGREEMENTS ARE COMPLIANT WITH IRS REVENUE PROCEDURE 2007-47. PART III, LINE 9: ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI HAS WRITTEN PROCEDURES THAT ENSURE NONQUALIFIED USE IS COMPLIANT WITH REGULATIONS SECTIONS 1.141-12 AND 1.145-2 WITH REGARDS TO RESEARCH ARRANGEMENTS. ISMMS DOES NOT HAVE WRITTEN PROCEDURES ADDRESSING OTHER NONQUALFIED USE OF WHICH THERE IS NONE; HOWEVER, THE ORGANIZATION IS CONSIDERING DEVISING PROCEDURES TO ENSURE THAT IF ANY BONDS BECOME NONQUALIFIED, THEY WILL BE REMEDIATED IN ACCORDANCE WITH REGULATIONS SECTIONS 1.141-12 AND 1.145-2. PART IV, LINE 7: DASNY, THE BOND ISSUER INDICATED IN PART I (COLUMN A), DIRECTS AND MONITORS INVESTMENTS AND TAKES SOLE RESPOBSIBILITY FOR COMPLIANCE WITH THE REQUIREMENTS OF SECTION 148. THE ORGANIZATION DOES NOT DIRECT THE INVESTMENT OF BOND PROCEEDS. PART V: WRITTEN PROCEDURES ARE LIMITED TO THE RESEARCH PROCEDURES CONCERNING ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI'S RESEARCH AGREEMENTS. THE ORGANIZATION IS AWARE THAT A VOLUNTARY CLOSING AGREEMENT PROGRAM IS AVAILABLE IF A VIOLATION OF THE FEDERAL TAX REQUIREMENTS, SHOULD THEY OCCUR, CANNOT BE CORRECTED THROUGH SELF-REMEDIATION UNDER APPLICABLE REGULATIONS. The organization is considering devising procedures to ensure that in the event federal tax violations occur that cannot be corrected through self-remediation, such violations will qualify for resolution through the voluntary closing agreement program. BOND C: PART II, LINE 3: THE DIFFERENCE BETWEEN THE TOTAL PROCEEDS OF ISSUE AND ISSUE PRICE ON FORM 8038 IS EARNINGS OF $1,445,807. 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 INTEREST EARNINGS. PART III, LINE 3A & 3B: ALL MANAGEMENT CONTRACTS ARE COMPLIANT WITH IRS REVENUE PROCEDURE 97-13. PART III, LINE 3C & 3D: ALL RESEARCH AGREEMENTS ARE COMPLIANT WITH IRS REVENUE PROCEDURE 2007-47. PART III, LINE 9: ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI HAS WRITTEN PROCEDURES THAT ENSURE NONQUALIFIED USE IS COMPLIANT WITH REGULATIONS SECTIONS 1.141-12 AND 1.145-2 WITH REGARDS TO RESEARCH ARRANGEMENTS. ISMMS DOES NOT HAVE WRITTEN PROCEDURES ADDRESSING OTHER NONQUALFIED USE OF WHICH THERE IS NONE; HOWEVER, THE ORGANIZATION IS CONSIDERING DEVISING PROCEDURES TO ENSURE THAT IF ANY BONDS BECOME NONQUALIFIED, THEY WILL BE REMEDIATED IN ACCORDANCE WITH REGULATIONS SECTIONS 1.141-12 AND 1.145-2. PART IV, LINE 2C: THE REBATE COMPUTATION SHOWING THAT NO REBATE WAS DUE FOR THIS BOND WAS LAST PERFORMED ON 12/31/2012. PART IV, LINE 7: DASNY, THE BOND ISSUER INDICATED IN PART I (COLUMN A), DIRECTS AND MONITORS INVESTMENTS AND TAKES SOLE RESPONSIBILITY FOR COMPLIANCE WITH THE REQUIREMENTS OF SECTION 148. THE ORGANIZATION DOES NOT DIRECT THE INVESTMENT OF BOND PROCEEDS. PART V: WRITTEN PROCEDURES ARE LIMITED TO THE RESEARCH PROCEDURES CONCERNING ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI'S RESEARCH AGREEMENTS. THE ORGANIZATION IS AWARE THAT A VOLUNTARY CLOSING AGREEMENT PROGRAM IS AVAILABLE IF A VIOLATION OF THE FEDERAL TAX REQUIREMENTS, SHOULD THEY OCCUR, CANNOT BE CORRECTED THROUGH SELF-REMEDIATION UNDER APPLICABLE REGULATIONS. The organization is considering devising procedures to ensure that in the event federal tax violations occur that cannot be corrected through self-remediation, such violations will qualify for resolution through the voluntary closing agreement program. BOND D: PART II, LINE 3: THE DIFFERENCE BETWEEN THE TOTAL PROCEEDS OF ISSUE AND ISSUE PRICE ON FORM 8038 IS EARNINGS OF $16,136. 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 INTEREST EARNINGS. PART II, LINE 12: THE OTHER UNSPENT PROCEEDS HAVE BEEN DRAWN TO $0 AS OF FEBRUARY 2013. PART IV, LINE 2C: THE REBATE COMPUTATION SHOWING THAT NO REBATE WAS DUE FOR THIS BOND WAS LAST PERFORMED ON 12/31/2012. PART IV, LINE 7: DASNY, THE BOND ISSUER INDICATED IN PART I (COLUMN A), DIRECTS AND MONITORS INVESTMENTS AND TAKES RESPONSIBILITY FOR COMPLIANCE WITH THE REQUIREMENTS OF SECTION 148. THE ORGANIZATION DOES NOT DIRECT THE INVESTMENT OF BOND PROCEEDS. PART V: WRITTEN PROCEDURES ARE LIMITED TO THE RESEARCH PROCEDURES CONCERNING ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI'S RESEARCH AGREEMENTS. THE ORGANIZATION IS AWARE THAT A VOLUNTARY CLOSING AGREEMENT PROGRAM IS AVAILABLE IF A VIOLATION OF THE FEDERAL TAX REQUIREMENTS, SHOULD THEY OCCUR, CANNOT BE CORRECTED THROUGH SELF-REMEDIATION UNDER APPLICABLE REGULATIONS. The organization is considering devising procedures to ensure that in the event federal tax violations occur that cannot be corrected through self-remediation, such violations will qualify for resolution through the voluntary closing agreement program. DAVID ADAMS OFFICER mortgage X 1000000 1000000 false true true BURT DRAYER OFFICER mortgage X 700000 700000 false true true DARYL WILKERSON FMR OFFICER mortgage X 53514 0 false true true 1700000 HESS CORPORATION JOHN HESS, TRUSTEE 20525024 SEE PART V false XO COMMUNICATIONS CARL ICAHN, TRUSTEE 865613 SEE PART V false DR CAROLYN SICHER SUSAN CULLMAN, TRUSTEE 28928 SEE PART V false DR ELISSA GRETZ FRIEDMAN ROBERT FRIEDMAN, TRUSTEE 15058 SEE PART V false DR IRWIN GRIBETZ JUDAH GRIBETZ, TRUSTEE 72720 SEE PART V false KIMBERLY HARRISON CLIFFORD GOLDSMITH, TRUST 106119 SEE PART V false US FOODS GOGEL & KRAVIS, TRUSTEES 826420 SEE PART V false OCH ZIFF CAPITAL MANAGEMENT DAVID WINDREICH, TRUSTEE 3392610 SEE PART V false KAREN KOSTEGAN MARK KOSTEGAN, OFFICER 41519 SEE PART V false ETHYLIM WANE JABS DOUGLAS JABS, officer 190464 SEE PART V false BRIAN SCANLON DONALD SCANLON, OFFICER 53981 SEE PART V false GARY B DAVIS DR. KENNETH DAVIS,OFFICER 147725 SEE PART V false AVENUE CAPITAL GARDNER & LARSY, TRUSTEES 230295 SEE PART V false RELATED MANAGEMENT COMPANY LP JEFF BLAU, TRUSTEE 2029382 SEE PART V false MARGARET RUTTENBERG ERIC RUTTENBERG, TRUSTEE 23733 SEE PART V false SCHEDULE L, PART IV, COLUMN D BUSINESS TRANSACTIONS INVOLVING INTERESTED PARTIES. NAME OF INTERESTED PERSON: US FOODS: MOUNT SINAI PURCHASES A PORTION OF ITS FOOD FROM US FOODS. ALL SUCH PURCHASES ARE MADE UNDER A GROUP PURCHASING ORGANIZATION (GPO) ARRANGEMENT THAT HAS BEEN NEGOTIATED WITH US FOODS. THESE GPO PRICES ARE AVAILABLE TO MOUNT SINAI AND ALL OTHER MEMBERS OF THE LOCAL HEALTHCARE ASSOCIATION. MR. GOGEL AND MR. KRAVIS ARE CEOS OF FIRMS THAT ARE INDIRECTLY A GREATER-THAN-35% OWNER OF US FOODS. NEITHER MR. GOGEL NOR MR. KRAVIS WERE INVOLVED IN DECISIONS RELATED TO THE ORGANIZATION'S PURCHASES FROM U.S. FOODS. NAME OF INTERESTED PERSON: HESS CORPORATION: FOLLOWING AN OBJECTIVE, COMPETITIVE MULTI-PARTY BIDDING PROCESS (IN WHICH MR. HESS WAS UNINVOLVED), THE ORGANIZATION PURCHASED NATURAL GAS AND FUEL OIL FROM HESS CORPORATION. MR. HESS IS CHIEF EXECUTIVE OFFICER OF, AND HAS A FINANCIAL INTEREST IN, HESS CORPORATION AND REMAINS UNINVOLVED IN THE ORGANIZATION'S DECISIONS RELATED TO HESS CORPORATION. NAME OF INTERESTED PERSON: XO COMMUNICATIONS: 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. MR. ICAHN REMAINS UNINVOLVED IN THE ORGANIZATION'S DECISIONS RELATED TO 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: AVENUE CAPITAL: TRUSTEES SONIA GARDNER AND MARC LASRY ARE 100% OWNERS OF AVENUE CAPITAL WHICH MANAGED INVESTMENT CAPITAL FOR THE ORGANIZATION DURING CALENDAR YEAR 2012. THE FEES CHARGED BY AVENUE CAPITAL TO THE ORGANIZATION ARE IN LINE WITH INDUSTRY STANDARDS AND ARE THE SAME AS THE FEES CHARGED TO OTHER INVESTORS IN THE SAME FUND. NEITHER MS. GARDNER NOR MR. LASRY WERE INVOLVED IN THE ORGANIZATION'S DECISIONS RELATED TO AVENUE CAPITAL. NAME OF INTERESTED PERSON: RELATED MANAGEMENT COMPANY, L.P.: 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. BLAU) OF THE ENGAGEMENT PROCESS, THE ORGANIZATION PURCHASED CONSULTING AND MANAGEMENT SERVICES FROM RELATED MANAGEMENT COMPANY, L.P. ("RMC"). MR. BLAU IS A DIRECTOR OF RMC. MR. BLAU REMAINS UNINVOLVED IN THE ORGANIZATION'S DECISIONS REGARDING RELATED MANAGEMENT COMPANY, L.P. NAME OF INTERESTED PERSON: CAROLYN SICHER: TRUSTEE SUSAN CULLMAN'S DAUGHTER IS EMPLOYED BY THE ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI. MS. CULLMAN HAS NO INVOLVEMENT IN DECISIONS RELATED TO HER EMPLOYMENT. NAME OF INTERESTED PERSON: ELISSA GRETZ FRIEDMAN: TRUSTEE ROBERT FRIEDMAN'S WIFE IS EMPLOYED BY THE ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI. 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 THE ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI. MR. GOLDSMITH HAS NO INVOLVEMENT IN DECISIONS RELATED TO HIS GRANDDAUGHTER'S EMPLOYMENT. NAME OF INTERESTED PERSON: IRWIN GRIBETZ: TRUSTEE JUDAH GRIBETZ'S BROTHER IS EMPLOYED BY THE ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI. 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 ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI. MR. KOSTEGAN HAS NO INVOLVEMENT IN DECISIONS RELATED TO HIS WIFE'S EMPLOYMENT. NAME OF INTERESTED PERSON: ETHYLIN WANE JABS: KEY EMPLOYEE DOUGLAS JABS' SPOUSE IS AN EMPLOYEE OF THE ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI. MR. JABS 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 MOUNT SINAI HOSPITAL. MR. SCANLON HAS NO INVOLVEMENT IN DECISIONS RELATED TO HIS SON'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. NAME OF INTERESTED PERSON: MARGARET RUTTENBERG: TRUSTEE ERIC RUTTENBERG'S SISTER-IN-LAW IS AN EMPLOYEE OF THE ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI. MR. RUTTENBERG HAS NO INVOLVEMENT IN DECISIONS RELATED TO HIS SISTER-IN-LAW'S EMPLOYMENT. *ALL REPORTED AMOUNTS REFLECT AGGREGATE 2012 SPENDING FOR THE MOUNT SINAI HOSPITAL, ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI, THE MOUNT SINAI MEDICAL CENTER, INC., AND ALL RELATED ENTITIES AND ORGANIZATIONS. HOSPITAL, ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI, THE MOUNT SINAI MEDICAL CENTER, INC., AND ALL RELATED ENTITIES AND ORGANIZATIONS. X 9 31625 RESALE VALUE X 2095 RESALE VALUE X 73 3074489 RESALE VALUE X CANDLE SET 1 425 resale value X COSMETICS 6 3080 resale value X CUSHION 1 600 resale value X ENTERTAINMENT 9 4710 resale value X FOOD 17 10856 resale value X GIFT CARD 22 4770 resale value X JEWELRY 3 1730 resale value X MEMORABILIA 11 7575 resale value X PURSE 4 1956 resale value X SPORTS TICKETS 10 10990 RESALE VALUE X STROLLER 2 1055 RESALE VALUE X TOUR 8 4970 RESALE VALUE X VACATION 17 46820 RESALE VALUE X WINE 3 1676 RESALE VALUE false true true SCHEDULE M, PART I, LINE 9 1,112 SHARES OF PHILLIP MORRIS (PM) VALUED AT $99,468 1,200 SHARES OF GENERAL ELECTRIC (GE) VALUED AT $25,032 1,337 SHARES OF CBS CORP (CBS) VALUED AT $49,883 1,343 SHARES OF CBS CORP (CBS) VALUED AT $49,839 1,413 SHARES OF CBS CORP. (CBS) VALUED AT $50,331 1,505 SHARES OF CBS CORPORATION CLASS B (CBS) VALUED AT $50,147 1,617 SHARES OF CHASE CORP (CCF) VALUED AT $30,028 10 SHARES OF LYONDELLBASELL INDUSTRIES (LYB) VALUED AT $534 10,000 SHARES OF INTERXION HOLDING (INXN) VALUED AT $153,000 100 SHARES OF ARCHER DANIELS MIDLAND (ADM) VALUED AT $2,795 112 SHARES OF AMGEN (AMGN) VALUED AT $10,027 12,000 SHARES OF INTERXION HOLDING (INXN) VALUED AT $259,440 120 SHARES OF FRANKLIN RESOURCES (BEN) VALUED AT $15,205 13 SHARES OF COCA COLA FEMSA (KOF) VALUED AT $1,882 142 SHARES OF WELLS FARGO (WFC) VALUED AT $5,023 145 SHARES OF ROYAL DUTCH SHELL (RDSA) VALUED AT $10,075 150 SHARES OF PRECISION CASTPARTS (PCP) VALUED AT $25,190 154 SHARES OF PRECISION CASTPARTS (PCP) VALUED AT $25,298 172 SHARES OF VANGUARD INDEX FUND (VIG) VALUED AT $10,083 18 SHARES OF MCGRAW-HILL (MHP) VALUED AT $1,003 2,200 SHARES OF INTERXION (INXN) VALUED AT $49,808 2,200 SHARES OF SPLIT (Split) VALUED AT Split 2,300 SHARES OF COGNIZANT TECHNOLOGY (CTSH) VALUED AT $167,141 2,810 SHARES OF CBS CORPORATION CL B (CBS) VALUED AT $100,317 2,817 SHARES OF ALTRIA GROUP (MO) VALUED AT $94,313 20 SHARES OF AMERICAN EXPRESS (AXP) VALUED AT $1,168 20 SHARES OF EBAY (EBAY) VALUED AT $1,003 200 SHARES OF ALTRIA GROUP (MO) VALUED AT $6,682 210 SHARES OF MATTHEW PACIFIC TIGER FUND (MIPTX) VALUED AT $4,367 23 SHARES OF JPMORGAN CHASE (JPM) VALUED AT $1,009 230 SHARES OF GENERAL ELECTRIC (GE) VALUED AT $4,982 242 SHARES OF ONEOK, INC. (OKE) VALUED AT $20,040 250 SHARES OF NIKE, INC. (NKE) VALUED AT $26,898 26 SHARES OF IBM (IBM) VALUED AT $5,001 265 SHARES OF INTERNATIONAL BUSINESS MACHINE (IBM) VALUED AT $50,944 285 SHARES OF IDEXX LABORATORIES, INC. (IDEX) VALUED AT $25,684 295 SHARES OF PRECISION CASTPARTS (PCP) VALUED AT $50,383 295 SHARES OF PRECISION CASTPARTS (PCP) VALUED AT $50,788 297 SHARES OF PRECISION CASTPARTS (PCP) VALUED AT $50,306 299 SHARES OF WELLS FARGO (WFC) VALUED AT $9,747 3,000 SHARES OF INTERXION HLDG (INXN) VALUED AT $52,980 30 SHARES OF FLOWSERVE CORP (FLS) VALUED AT $4,356 30 SHARES OF JOHNSON & JOHNSON (JNJ) VALUED AT $2,089 30 SHARES OF M&T (MTB) VALUED AT $2,942 311 SHARES OF PRECISION CASTPARTS (PCP) VALUED AT $50,254 32 SHARES OF NEXTERA ENERGY (NEE) VALUED AT $1,892 33 SHARES OF SIX FLAGS (SIX) VALUED AT $2,008 338 SHARES OF JPMORGAN TAX AWARE EQUITY FUND (JPESX) VALUED AT $6,037 349 SHARES OF ONEOK (OKE) VALUED AT $15,321 376 SHARES OF CBS CORP (CBS) VALUED AT $14,029 385 SHARES OF CAL-MAINE FOODS (CALM) VALUED AT $17,660 4,525 SHARES OF SPDR (SPY) VALUED AT $616,667 40 SHARES OF APPLE (AAPL) VALUED AT $20,859 48 SHARES OF GENERAL ELECTRIC (GE) VALUED AT $1,044 5 SHARES OF APPLE (AAPL) VALUED AT $2,623 5,200 SHARES OF INTERXION (INXN) VALUED AT $98,176 505 SHARES OF POWERSHARES DB MULTI AGRICULTURE FUND (DBA) VALUED AT $15,094 536 SHARES OF CBS CORP (CBS) VALUED AT $19,998 561 SHARES OF SEMEN GRESIK (PSGT) VALUED AT $18,193 565 SHARES OF PHILIP MORRIS INTERNATIONAL (PM) VALUED AT $49,669 6 SHARES OF PRAXAIR (PX) VALUED AT $654 61 SHARES OF PRECISION CASTPARTS (PCP) VALUED AT $10,066 662 SHARES OF CBS CORP (CBS) VALUED AT $24,699 676 SHARES OF COMCAST (CMCSA) (CMCS) VALUED AT $19,983 7,600 SHARES OF ISHARE MSCI (EFA) VALUED AT $392,236 80 SHARES OF PFIZER (PFE) VALUED AT $1,990 9 SHARES OF CHEVRON CORP (CVX) VALUED AT $991 93 SHARES OF COMPANIA CERVECERIAS (CCU) VALUED AT $7,326 987 SHARES OF JPM GROWTH ADVANTAGE SELECT (JGAS) VALUED AT $9,793 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 ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI 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 MOUNT SINAI HOSPITAL AND ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI, 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 21,829. THE NUMBER OF DIRECT SCHOOL EMPLOYEES IS 9,159. 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 CARL ICAHN AND GAIL GOLDEN-ICAHN ARE MARRIED TO EACH OTHER AND MRS. GOLDEN-ICAHN IS AN EMPLOYEE OF AN ORGANIZATION OF WHICH MR. ICAHN IS A DIRECTOR. TRUSTEES EDGAR CULLMAN, JR. AND SUSAN CULLMAN ARE SIBLINGS. 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. TRUSTEES DONALD GOGEL AND HENRY KRAVIS ARE CEO'S OF FIRMS THAT ARE EACH INDIRECTLY A GREATER-THAN 35% OWNER OF US FOODS. PART VI, SECTION A, LINE 4 FORM 990 CHANGES TO GOVERNING DOCUMENTS THE SCHOOL'S NAME CHANGE WAS OFFICIALLY APPROVED BY THE UNIVERSITY OF THE STATE OF NEW YORK EDUCATION DEPARTMENT'S BOARD OF REGENTS AT THEIR MEETING OF DECEMBER 11, 2012. THE AMENDED CHARTER REFLECTING THE NAME CHANGE OF MOUNT SINAI SCHOOL OF MEDICINE TO ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI WAS SENT TO THE IRS AND PROCESSED AND APPROVED BY THE FEDERAL GOVERNMENT AS OF AUGUST 2, 2013. 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 AUDIT AND 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 AUDIT AND 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, THE GENERAL COUNSEL'S OFFICE, AND THE AUDIT AND COMPLIANCE DEPARTMENT. 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, 2013, 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 REBUTTABLE PRESUMPTION OF REASONABLENESS THAT A TRANSACTION IS NOT AN EXCESS BENEFIT TRANSACTION. 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 ABSENCE OF ANY CONFLICT OF INTEREST WITH RESPECT TO ITEMS ON THAT MEETING'S AGENDA IS CONFIRMED AT THE BEGINNING OF EACH MEETING OF THE COMPENSATION COMMITTEE. 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 MOUNT SINAI'S GEOGRAPHIC AREA; CURRENT COMPENSATION SURVEYS COMPILED BY INDEPENDENT FIRMS; CUSTOMIZED SURVEYS IN SPECIFIC CIRCUMSTANCES, AND ACTUAL WRITTEN OFFERS FROM SIMILAR INSTITUTIONS COMPETING FOR THE SERVICES OF THE DISQUALIFIED PERSON. THE SOURCES OF THE COMPARABILITY DATA USED BY THE COMPENSATION CONSULTANT ARE PROVIDED TO THE COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE RECEIVES AND REVIEWS THE COMPARABILITY DATA AND ANY ANALYSIS PROVIDED BY THE CONSULTANT, AS WELL AS INFORMATION PROVIDED BY MANAGEMENT OR, IN THE CASE OF THE CEO, BY THE CHAIRMAN OF THE BOARD OF TRUSTEES, INCLUDING INFORMATION ABOUT THE CEO'S PERFORMANCE. 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, AN INCUMBENT'S PERFORMANCE APPRAISAL, AND THE CEO'S (OR CHAIRMAN OF THE BOARD'S, WITH RESPECT TO THE CEO) 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 CEO, CFO AND OTHER SENIOR EXECUTIVE STAFF MEMBERS IN EXECUTIVE SESSION. THE COMPENSATION COMMITTEE CONTEMPORANEOUSLY DOCUMENTS IN WRITTEN MINUTES THE TERMS OF THE TRANSACTION THAT WAS APPROVED AND THE DATE IT WAS APPROVED; THE MEMBERS OF THE COMPENSATION COMMITTEE WHO WERE PRESENT DURING DEBATE ON THE TRANSACTION THAT WAS APPROVED AND THOSE WHO VOTED ON IT; THE COMPARABILITY DATA AND INFORMATION FROM MANAGEMENT OBTAINED AND RELIED ON, AND HOW THE COMPARABILITY DATA WAS OBTAINED; AND THE COMPENSATION COMMITTEE'S BASIS FOR THE DECISIONS, IF THE APPROVED COMPENSATION IS OUTSIDE THE RANGE OF COMPARABILITY DATA. THESE MINUTES ARE PREPARED BEFORE THE LATER OF THE NEXT MEETING OF THE COMPENSATION COMMITTEE OR 60 DAYS AFTER THE FINAL ACTIONS OF THE COMPENSATION COMMITTEE ARE TAKEN WITH RESPECT TO THE COMPENSATION DECISIONS MADE. THE MINUTES ARE REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE WITHIN A REASONABLE TIME THEREAFTER. 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 2,258. 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 9 OTHER CHANGES IN NET ASSETS OR FUND BALANCES 8 EAST 102ND STREET MANAGER LLC: $1,019,495 MOUNT SINAI CARE LLC 1 GUSTAVE LEVY PLACE NEW YORK NY 10029 454492275 ACCT CARE ORG NY 0 0 ISMMS THE MOUNT SINAI MEDICAL CENTER INC ONE GUSTAVE L LEVEY PLACE NEW YORK NY 10029 136271888 SUPPORT NY 501(C)(3) 11 TYPE II na false THE MOUNT SINAI HOSPITAL ONE GUSTAVE L LEVY PLACE NEW YORK NY 10029 131624096 HOSPITAL NY 501(C)(3) 3 na false MITRAL FOUNDATION 1190 FIFTH AVENUE NEW YORK NY 10029 800468600 RESEARCH NY 501(C)(3) 11 type I ISMMS true THE CHILDREN'S CENTER FOUNDATION ONE GUSTAVE L LEVY PLACE NEW YORK NY 10029 223059294 SUPPORT NY 501(C)(3) 11 type I ISMMS true 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 DIAGNOSTIC & TREATMENT CTR ONE GUSTAVE L LEVY PLACE NEW YORK NY 10029 450537391 DIAG CLINIC NY 501(C)(3) 3 MSH true MSMC RESIDENTIAL REALTY MANAGER INC 1425 MADISON AVENUE NEW YORK NY 10029 201289396 Real Est Mgmt NY 501(C)(3) 11 TYPE I SEE PART VII true false false true true false false true false true true false false true true false true true false true THE MOUNT SINAI HOSPITAL P 896106814 COST THE MOUNT SINAI HOSPITAL Q 163036250 COST THE MOUNT SINAI HOSPITAL G 49175533 COST THE MOUNT SINAI HOSPITAL N 21684809 COST THE MOUNT SINAI HOSPITAL C 16096089 COST THE MOUNT SINAI HOSPITAL M 12248249 COST THE MOUNT SINAI HOSPITAL J 8051106 COST THE MOUNT SINAI HOSPITAL D 4748162 COST THE MOUNT SINAI MEDICAL CENTER INC I 1990573 FMV MOUNT SINAI CHILDREN'S CENTER FOUNDATION inc C 303930 COST MITRAL FOUNDATION C 245530 COST THE MOUNT SINAI HOSPITAL C 60374 COST MOUNT SINAI CHILDREN'S CENTER FOUNDATION inc N 208249 COST PART II, LINE 5, COLUMN F DIRECT CONTROLLING ENTITY ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI, 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 ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI, THE MOUNT SINAI HOSPITAL, THE MSMC REALTY CORP. AND THE MSMC RESIDENTIAL REALTY MANAGER, INC. ARE ALL MEMBERS OF THIS ENTITY. PART II, LINE 8, COLUMN F DIRECT CONTROLLING ENTITY ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI, THE MOUNT SINAI HOSPITAL, AND THE MSMC REALTY CORPORATION ARE ALL MEMBERS OF THIS ENTITY.