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10
Jul

Executive Compensation at the Icahn School of Medicine at Mount Sinai

The Icahn School of Medicine at Mount Sinai (ISMMS) is a non-profit, tax-exempt 501 (c) (3) research medical school that is part of the Mount Sinai Health System, which includes eight hospitals in the New York City area. Key information about ISMMS include the following: Read more »

8
Jul

Executive Compensation at Mount Sinai Hospital

Mount Sinai Hospital (MSH) is part of the Mount Sinai Health System (MSHS) – a network of 8 hospitals and a medical school formed in 2013 when the operations of Mount Sinai Medical Center and Continuum Health Partners merged. MSHS is the controlling entity or the affiliated organization – both non-profit and for profit – in the network.  Headquartered in New York City, NY, MSHA has about 4,000 beds and 38,000 employees, with nearly 16,500 of them employed by the Mount Sinai Hospital.

Key information to know about Mount Sinai Hospital (MSH), as reported on the Form 990 (2017) submitted to the IRS includes: Read more »

6
Jul

Executive Compensation at Mercy Health (Cincinnati, OH)

Mercy Health is a non-profit, tax-exempt 501 (c) (3) healthcare provider in eight (8) regions (Cincinnati, Toledo, Youngstown, Springfield, Lima, Lorain, Northern Kentucky, and Paducah) in Ohio and Kentucky through 23 hospitals and hundreds of clinics, urgent care, and medical center locations. Although Mercy Health consists of dozens of affiliated and related organizations, the purpose of this post is the executive compensation as reported on the Form 990 (2017) submitted by Mercy Health to the IRS.  However, it is important to note the following information about Mercy Health: Read more »

4
Jul

Executive Compensation at the National Collegiate Athletic Association (NCAA)

The National Collegiate Athletic Association (NCAA) is a non-profit, tax-exempt 501 (c) (3) organization focused on college sports in the US. With 1,100 member colleges and universities in 102 athletic conferences across the country that participate in 90 championships in 24 sports in 3 divisions, the NCAA is a powerful and well financed organization.

The NCAA raised about $1.1 billion in 2017 – most of which came from from television rights (77%) and championships/National Invitation Tournament (10% of revenue) and investment income (10% of revenue). Expenses were nearly $1 billion with the 3 largest expense scholarships and grants ($586 million), championship expenses ($134 million), and compensation ($70 million). Read more »

2
Jul

How Revenue is Spent at the National Collegiate Athletic Association (NCAA)

The National Collegiate Athletic Association (NCAA) is the most well known non-profit, tax-exempt organization focused on college sports in the US. With 1,100 member colleges and universities  in 102 athletic conferences across the country that participate in 90 championships in 24 sports in 3 divisions, the NCAA is a powerful and well financed organization.

The NCAA raises about $1 billion annually ($1.1 billion in 2017; $1 billion in 2016) and it may surprise you to learn the number one source of revenue for this 501 (c) (3) is television rights fees (about 77% of revenue) followed by championships and the National Invitation Tournament (about 12% of revenue) and investment gains and income (10% of revenue). Read more »