Cedars-Sinai Health System is located in Los Angeles, CA. The organization was established in 2018. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cedars-Sinai Health System is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE FOR THE BENEFIT OF AND TO SUPPORT SPECIFIED NONPROFIT HEALTHCARE ORGANIZATIONS.
Describe the Organization's Program Activity:
CEDARS-SINAI HEALTH SYSTEM ("CSHS") WAS FORMED ON MAY 1, 2017 AND IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES. IT IS THE SOLE CORPORATE MEMBER OF CEDARS-SINAI MEDICAL CENTER AND TORRANCE HEALTH ASSOCIATION WHICH OFFICIALLY BECAME AFFILIATED ON FEBRUARY 1, 2018 UNDER CSHS. THE AFFILIATION FOCUSES ON NEW OPPORTUNITIES FOR COORDINATION OF CARE AND RESOURCES BETWEEN THE TWO ORGANIZATIONS AND JOINT PROGRAMS TO PROVIDE ACCESS TO MORE PEOPLE FOR NEEDED MEDICAL SERVICES AS WELL AS ACCESS TO CLINICAL TRIALS AND THE LATEST DEVELOPMENTS IN MEDICAL RESEARCH. (SEE SCHEDULE O FOR CONTINUATION)(CONTINUED)AMONG THE INITIAL AREAS FOR COLLABORATION ARE ADVANCED TREATMENTS FOR CANCER, HEART DISEASE, AND BRAIN DISORDERS. CEDARS-SINAI SPECIALISTS IN THESE AREAS WILL WORK WITH TORRANCE PHYSICIANS TO PROVIDE CLINICAL CONSULTATIONS FOR THEIR PATIENTS AND STREAMLINE PATIENT ACCESS TO CLINICAL TRIALS AND NEW TECHNOLOGIES.CSHS PROVIDES GOVERNANCE STRUCTURE AND SHARED RESOURCES IN ADDITION TO CERTAIN ESSENTIAL CHARITABLE AND HEALTH CARE SERVICES, INCLUDING MANAGEMENT SERVICES AND LONG-TERM STRATEGIC PLANNING.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Thomas M Priselac President/ceo | OfficerTrustee | 7 | $0 |
Wm Gregory Geiger Board Member/secretary | OfficerTrustee | 7 | $0 |
Edward M Prunchunas Treasurer | Officer | 7 | $0 |
Laura W Brill Board Member | Trustee | 2 | $0 |
Marc H Rapaport Board Member | Trustee | 2 | $0 |
Steven Romick Board Member | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $0 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $0 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $125,000 |
Total functional expenses | $125,000 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $749,150 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $625,507,703 |
Total assets | $626,256,853 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $1,000,000 |
Total liabilities | $1,000,000 |
Net assets without donor restrictions | $507,836,966 |
Net assets with donor restrictions | $117,419,887 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $626,256,853 |
Over the last fiscal year, we have identified 1 grants that Cedars-Sinai Health System has recieved totaling $1,000,000.
Awarding Organization | Amount |
---|---|
The Leandro P Rizzuto Foundation Boynton Beach, FL PURPOSE: RESEARCH GRANTS RELATED TO STEM CELL, CARDIOLOGY AND BARIATRICS. | $1,000,000 |
Organization Name | Assets | Revenue |
---|---|---|
Northbay Healthcare Corporation Fairfield, CA | $22,992,689 | $91,130,138 |
Emanate Health Covina, CA | $101,277,716 | $75,744,646 |
University Faculty Associates Inc Fresno, CA | $12,568,512 | $57,205,720 |
Memorialcare Select Health Plan Fountain Valley, CA | $15,275,269 | $35,512,863 |
Tmc Medical Network Tucson, AZ | $11,838,575 | $36,338,871 |
Huntington Medical Foundation Pasadena, CA | $17,195,320 | $36,939,841 |
The Fremont-Rideout Health Group Roseville, CA | $0 | $166,464 |
Community Health Systems Inc Moreno Valley, CA | $24,146,972 | $40,403,786 |
Familycare Inc Portland, OR | $129,470,681 | $28,007,500 |
Unihealth Foundation Los Angeles, CA | $305,493,581 | $27,122,356 |
Integrated Healthcare Association Oakland, CA | $19,146,201 | $24,103,136 |
Community Health Center Network Inc San Leandro, CA | $57,670,928 | $17,209,329 |