According to the Memorial Sloan Kettering Cancer Center (the Center) 2022 tax filing, the Center reports re: Compensation, Supplemental Information (IRS Form 990, Schedule J, Part III): Regarding severance payments to officers, directors, trustees, key employees and highest compensated employees (Schedule J, Part I, Line 4a): "Phillip Kantoff [M.D.], Chairman Attending $1,250,040 terminated in 2021. Roxanne Taylor, SVP, Chief Marketing & Communications Officer $179,567 terminated 2022[.]" Regarding participating in or receiving payment from a supplemental nonqualified retirement plan (Schedule J, Part I, Line 4b): "Jason Klein was paid $2,980,253 as part of a deferred compensation agreement." Regarding nonfixed payments to officers, directors, trustees, key employees and highest compensated employees (Schedule J, Part I, Line 7): "Incentive pay is provided to officers and key employees based on their achievement of pre-determined goals relating to quality of care, patient safety, operational efficiency and financial performance. The compensation committee of the Board authorizes all executive bonuses and incentive plans on an annual basis." Regarding amounts paid or accrued pursuant to a contract that was subject to the initial contract exception described in Regulations section 53.4958-4(a)(3) (Schedule J, Part I, Line 8): "An employment contract was entered into and signed prior to employment."
The Center reports "Bonus & incentive compensation" payments to 24 individuals in 2022. The three highest amounts reported are as follows (IRS Form 990, Schedule J, Part II): (1) Craig B. Thompson MD, President & CEO: $6,080,000, with reported total compensation of $8,120,960. (2) Jason Klein, SVP-Chief Investment Officer, $2,530,000 with reported total compensation of $6,884,047.
(3) Mark Bilsky MD, Attending-Neurosurgery : $1,500,000, with reported total compensation of $3,411,996.
In addition, the Center reports that 21 individuals received "Bonus & incentive compensation" payments in 2022 in amounts ranging from $50,000 to $1,171,000 (IRS Form 990, Schedule J, Part II). |
According to the Memorial Sloan Kettering Cancer Center (the Institute or the Center) 2022 tax filing, the Center reports re: Business Transactions Involving Interested Persons (IRS Form 990, Schedule L, Parts IV & V): "1. Dr. Craig Thompson was the President of the institution until September 2022. His spouse, Dr. Tullia Lindsten, is a laboratory member for Sloan-Kettering Institute for cancer research. Her compensation, for 2022 was $318,446. 2. Dr. Lisa Deangelis is the [physician-in-chief] of the Organization. In such a capacity, she is a 75% owner of Memorial Medical Care PC (MMPC). MMPC is a section 501(c)(3) tax-exempt captive medical group. MMPC operates a facility in Brooklyn where patients have access to a wide range of services, including advanced imaging, [state-of-the-art] therapies, cutting-edge clinical trials, and a multidisciplinary team of specialists. The amount reported in Part IV, $541,000, is the net costs for such services in 2022. 3. Scott Stuart is a board member of Memorial Hospital, his daughter, Jessica Stuart, is an instructor at Memorial Hospital. Her compensation for 2022 was $21,411. The individuals listed were not a party to the transactions. There is no sharing of the Institute's revenue. The purchase of goods and services by the institution were made in the ordinary course of the provider's business, at commercially available rates normally charged to others." [NOTE: As previously reported in the Center's 2019 IRS Form 990, Lisa DeAngelis M.D. was the Physician-in-Chief and Chief Medical Officer of the Organization. As of at least 12/31/2019 she was also 75% owner of Memorial Medical Care PC.]
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