Nonprofit · EIN 59-1830065
MOUNT SINAI HOSPITAL INSURANCE TRUST NO 1
Tax-exempt · MIAMI BEACH, FL 33140
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $47,019,813 | $46,995,922 | $23,891 | $2,480,191 | $0 | $2,480,191 |
| December 31, 2023 | 990 | $16,076,918 | $16,139,929 | -$63,011 | $2,456,300 | $0 | $2,456,300 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $46,950,000
- Investment income
- $69,813
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $2,956,158
- Program services (functional)
- $46,995,922
Balance sheet and other
- Total assets, start of year
- $2,456,300
- Total assets, end of year
- $2,480,191
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,480,191
- Net assets without donor restrictions
- $2,480,191
- Gross receipts
- $47,019,813
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1988
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| GINO SANTORIO | PRESIDENT/CEO Trustee or director, Officer | 1 | $0 | $2,457,810 | $77,682 |
| ALEXANDER A MENDEZ | EXECUTIVE VP/CFO Trustee or director, Officer | 0.5 | $0 | $1,642,889 | $105,452 |
| ARNOLD JAFFEE | SENIOR VP/GEN COUNSEL Trustee or director | 0.5 | $0 | $708,802 | $103,697 |
| STEVEN D SONENREICH | FORMER PRESIDENT/CEO Former | 0 | $0 | $187,500 | $0 |
| TRUIST BANK | TRUSTEE Institutional trustee | 0 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| GINO SANTORIO | PRESIDENT/CEO Trustee or director, Officer | 1 | $0 | $1,860,277 | $74,144 |
| ALEXANDER A MENDEZ | EXECUTIVE VP/CFO Trustee or director, Officer | 0.5 | $0 | $1,366,300 | $100,266 |
| STEVEN D SONENREICH | FORMER PRESIDENT/CEO Former | 0 | $0 | $1,084,684 | $0 |
| ARNOLD JAFFEE | SENIOR VP/GEN COUNSEL Trustee or director | 0.5 | $0 | $617,375 | $100,336 |
| TRUIST BANK | TRUSTEE Institutional trustee | 0 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4300 ALTON RD, MIAMI BEACH, FL 33140-2948
- In care of
- % CITY NATIONAL BANK TRUST DEPT
- Principal officer (990 for 2024)
- GINO SANTORIO, 4300 ALTON ROAD, MIAMI BEACH, FL 33140
- Signed the 990
- ALEXANDER MENDEZ, EXECUTIVE VP/CFO
- Phone
- (305) 674-2121
- Website
- WWW.MSMC.COM
- Return prepared by
- DELOITTE TAX LLP
Mission
MT. SINAI MEDICAL CENTER INSURANCE TRUST IS A SELF-INSURANCE TRUST THAT HAS BEEN SET UP TO COVER MALPRACTICE AND GENERAL LIABILITY CLAIMS FILED AGAINST MT. SINAI MEDICAL CENTER OF FLORIDA, INC.
Program accomplishments
- MT. SINAI MEDICAL CENTER INSURANCE TRUST IS A SELF-INSURANCE TRUST THAT HAS BEEN SET UP TO COVER MALPRACTICE AND GENERAL LIABILITY CLAIMS FILED AGAINST MT. SINAI MEDICAL CENTER OF FLORIDA, INC.Expenses $46,995,922 · revenue $46,950,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 59-1830065
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1978
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mutual and membership benefit (Y20Z)
- Assets (IRS master file)
- $2,480,191
- Income (IRS master file)
- $47,019,813
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $47,019,813 | $46,995,922 | $2,480,191 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $16,076,918 | $16,139,929 | $2,456,300 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $17,053,348 | $14,778,176 | $2,519,311 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 59-1830065).
Questions about MOUNT SINAI HOSPITAL INSURANCE TRUST NO 1
- What is the EIN of MOUNT SINAI HOSPITAL INSURANCE TRUST NO 1?
- The employer identification number (EIN) of MOUNT SINAI HOSPITAL INSURANCE TRUST NO 1 is 59-1830065.
- Is MOUNT SINAI HOSPITAL INSURANCE TRUST NO 1 tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1978.
- Are donations to MOUNT SINAI HOSPITAL INSURANCE TRUST NO 1 tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does MOUNT SINAI HOSPITAL INSURANCE TRUST NO 1 file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MOUNT SINAI HOSPITAL INSURANCE TRUST NO 1 due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MOUNT SINAI HOSPITAL INSURANCE TRUST NO 1 last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MOUNT SINAI HOSPITAL INSURANCE TRUST NO 1?
- The 990 for the year ended December 31, 2024 names GINO SANTORIO.
- Who are the officers and directors of MOUNT SINAI HOSPITAL INSURANCE TRUST NO 1?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does MOUNT SINAI HOSPITAL INSURANCE TRUST NO 1 have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $47,019,813, expenses of $46,995,922 and total assets of $2,480,191 at year end.
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