Cedars-Sinai Medical Center is located in Los Angeles, CA. The organization was established in 1964. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2020, Cedars-Sinai Medical Center employed 15,167 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, Cedars-Sinai Medical Center generated $3.8b in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $3.3b during the year ending 06/2020. While expenses have increased by 2.5% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Cedars-Sinai Medical Center has awarded 722 individual grants totaling $211,653,463. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING QUALITY HEALTHCARE IS OUR PRIORITY. WE ALSO IMPROVE HEALTH THROUGH BIOMEDICAL RESEARCH, EDUCATION AND COMMUNITY BENEFIT PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLINICAL CARE:A NONPROFIT INSTITUTION FOUNDED BY THE COMMUNITY IN 1902, CEDARS-SINAI PROVIDES A WIDE SPECTRUM OF MEDICAL SERVICES, AND IS ONE OF THE LEADING SPECIALTY REFERRAL CENTERS FOR THE REGION. FROM ONGOING PRIMARY CARE TO HIGHLY SPECIALIZED CARE, CEDARS-SINAI SERVES PATIENTS FROM LOCAL COMMUNITIES, AS WELL AS FROM THROUGHOUT CALIFORNIA, THE NATION AND THE WORLD.(SEE SCHEDULE O FOR CONTINUATION)(CONTINUED)IN FISCAL YEAR 2020, CEDARS-SINAI HAD 263,554 INPATIENT DAYS (APPROXIMATELY 722 PER DAY), AND 682,330 OUTPATIENT VISITS (APPROXIMATELY 1,870 PER DAY). THERE WERE 46,865 INPATIENT ADMISSIONS, AND 85,569 EMERGENCY DEPARTMENT VISITS. CEDARS-SINAI'S EMERGENCY DEPARTMENT SERVES THE ENTIRE REGION AS ONE OF ONLY FOUR REMAINING LEVEL I TRAUMA CENTERS IN LOS ANGELES COUNTY (AND THE ONLY ONE NOT OPERATED BY THE GOVERNMENT), WITH STAFFING AND TECHNOLOGY TO TREAT THE MOST SEVERELY INJURED ACCIDENT AND NATURAL DISASTER VICTIMS. AS ONE OF THE LARGEST ACADEMIC MEDICAL CENTERS IN THE WESTERN UNITED STATES, CEDARS-SINAI PROVIDES MANY HIGHLY SPECIALIZED SERVICES THAT ARE NOT AVAILABLE AT MOST OTHER HOSPITALS, AND WHICH REQUIRE A SIGNIFICANT INFRASTRUCTURE OF TECHNOLOGY AND EXPERT STAFFING. FOR EXAMPLE, IN CALENDAR YEAR 2020, CEDARS-SINAI PERFORMED 128 HEART TRANSPLANTS, AMONG THE MOST OF ANY HOSPITAL IN THE WORLD. PATIENTS WITH ADVANCED HEART DISEASE COME TO CEDARS-SINAI BECAUSE OF THE EXPERTISE OF ITS CARDIOLOGISTS AND CARDIAC SURGEONS, AND BECAUSE CEDARS-SINAI HAS THE INFRASTRUCTURE TO OFFER HEART TRANSPLANTS AS WELL AS NEWER TECHNOLOGIES TO TREAT ADVANCED HEART DISEASE. CEDARS-SINAI'S SERVICES FOR CANCER PATIENTS ARE SIMILARLY BROAD IN SCOPE AND SIZE. IN FISCAL YEAR 2020, CEDARS-SINAI CANCER SERVED 9,219 INPATIENTS AND 325,651 OUTPATIENTS, PERFORMED NEARLY 2,095 INPATIENT SURGERIES AND 3,869 OUTPATIENT SURGERIES, AND DELIVERED 57,642 INFUSIONS.CEDARS-SINAI STAFF CONTINUES TO PRESENT A UNITED FRONT AGAINST THE DEADLY VIRUS AS THEY SPEED THE SEARCH FOR NEW TREATMENTS AND PROVIDE COMPASSIONATE CARE TO PATIENTS FIGHTING COVID-19. IN FISCAL YEAR 2020, CEDARS-SINAI TREATED MORE THAN 2,000 COVID-19 PATIENTS. FROM ER NURSES TO PHARMACISTS, CARDIOLOGISTS TO PULMONOLOGISTS, JANITORS TO INVESTIGATORS - CEDARS-SINAI FRONTLINE WORKERS ARE CONFRONTING THE PANDEMIC TOGETHER. CEDARS-SINAI RAISED OVER $10 MILLION TOWARD COVID-19 RAPID RESPONSE AND GAVE OUT GRANTS TOTALING MORE THAN $4 MILLION TO LOCAL ORGANIZATIONS THAT ARE ADDRESSING ACCESS TO CARE, EMERGENCY RELIEF AND FOOD INSECURITY DURING THE PANDEMIC.THOUSANDS OF ANGELENOS DEPEND ON CEDARS-SINAI'S EXTENSIVE NETWORK OF COMMUNITY HEALTH PARTNERSHIPS AND PROGRAMS. DURING THIS CRUCIAL TIME, CEDARS-SINAI COMMUNITY HEALTH TEAMS HAVE PIVOTED TO SUPPORT LOCAL COVID-19 RELIEF EFFORTS. COACH FOR KIDS - A PROGRAM OF THE CEDARS-SINAI MAXINE DUNITZ CHILDREN'S HEALTH CENTER - HAS SHIFTED TO FOCUS ON VACCINATIONS FOR CHILDREN UNDER AGE 2 TO AVOID PREVENTABLE DISEASE OUTBREAKS AS WELL AS HELPING PROVIDE FREE BREAKFASTS IN WATTS. AND CEDARS-SINAI'S SHARE & CARE ART THERAPY PROGRAM HAS EXPANDED SERVICES TO LOS ANGELES UNIFIED SCHOOL DISTRICT (LAUSD) FAMILIES BY PROVIDING ONLINE MENTAL HEALTH SEMINARS.
RESEARCH:CEDARS-SINAI SCIENTISTS AND PHYSICIAN-RESEARCHERS WERE ENGAGED IN MORE THAN 2,000 ACTIVE RESEARCH PROJECTS AIMED AT ADVANCING NEW TREATMENTS FOR PATIENTS SUFFERING FROM HEART DISEASE, BRAIN DISORDERS, CANCERS AND INNUMERABLE OTHER CONDITIONS. CEDARS-SINAI IS ALSO PIONEERING RESEARCH THAT IMPROVES THE QUALITY AND EFFICIENCY OF HEALTHCARE DELIVERY. (SEE SCHEDULE O FOR CONTINUATION)(CONTINUED)WHILE SOME OF THESE RESEARCH PROJECTS ARE FUNDED IN PART OR IN WHOLE BY FUNDS FROM THE NATIONAL INSTITUTES OF HEALTH OR OTHER GOVERNMENT AGENCIES, MANY ARE FUNDED BY CEDARS-SINAI, ESPECIALLY SEED GRANTS TO SUPPORT INNOVATIVE NEW RESEARCH. IN FISCAL YEAR 2020, CEDARS-SINAI PROVIDED $99,213,981 TOWARD RESEARCH PROJECTS, WHILE NIH AND OTHER GRANTS PROVIDED $149,493,048.IN CEDARS-SINAI LABORATORIES AND CLINICS, INVESTIGATORS DEVELOP AND TEST NEW IDEAS, EXPLORE THE GENETIC UNDERPINNINGS OF DISEASE, REALIZE THE POTENTIAL OF STEM CELLS, LEVERAGE TECHNOLOGY, AND ASSESS HOW GENDER AND METABOLISM AFFECT HEALTH. CEDARS-SINAI PUSHES FORWARD THE FRONTIERS OF BIOMEDICAL KNOWLEDGE TO PIONEER PRECISION THERAPIES, NOVEL DIAGNOSTIC TOOLS AND SOPHISTICATED NEW SURGICAL TECHNIQUES TO ENHANCE THE LIVES OF MEN, WOMEN AND CHILDREN WORLDWIDE. IN FISCAL YEAR 2020, FOR EXAMPLE, CEDARS-SINAI HAD NEARLY 100 ACTIVE COVID-19 RELATED RESEARCH PROJECTS TO HELP END THE GLOBAL PANDEMIC.
TRAINING FOR PHYSICIANS AND OTHER HEALTH PROFESSIONALS:WITH SEVERE PROJECTED SHORTAGES OF PHYSICIANS, NURSES AND OTHER HEALTH PROFESSIONALS FACING THE NATION, CEDARS-SINAI'S TRAINING AND EDUCATION PROGRAMS HAVE BECOME MORE IMPORTANT TO THE HEALTH OF THE NATION THAN EVER BEFORE. IN FISCAL YEAR 2020, CEDARS-SINAI'S NET COST OF PROVIDING THESE TRAINING PROGRAMS WAS $73,517,685.(SEE SCHEDULE O FOR CONTINUATION)(CONTINUED)THERE WERE 300 MEDICAL RESIDENTS AND 149 FELLOWS TRAINED IN SPECIALTY AND SUBSPECIALTY AREAS AT CEDARS-SINAI IN FISCAL YEAR 2020. THE GRADUATE SCHOOL OF BIOMEDICAL SCIENCES BESTOWED A RECORD NUMBER OF ADVANCED DEGREES AT ITS EIGHTH ANNUAL COMMENCEMENT. FIVE DOCTORAL AND 24 MASTER'S DEGREES WERE AWARDED, BRINGING THE TOTAL NUMBER TO 94 SINCE THE PROGRAM'S FIRST COMMENCEMENT IN 2013.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Thomas M Priselac President/ceo | OfficerTrustee | 65 | $4,571,241 |
Eduardo Marban MD Director-Heart Institute | 60 | $3,759,190 | |
Keith Black MD Chair-Neurosurgery | 60 | $3,247,878 | |
Rajendra Makkar MD Exec Director-Cardiac Interventional | 60 | $2,656,754 | |
Edward M Prunchunas Chief Financial Officer | Officer | 60 | $2,569,881 |
Shlomo Melmed MD Chief Academic Officer | Officer | 60 | $2,525,247 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Community Urgent Care Med Grp Urgent Care Medical Services | 6/29/20 | $19,461,117 |
Dva Renal Healthcare Inc Hemodialysis Services | 6/29/20 | $12,561,412 |
Cross Country Staffing Inc Patient-care Staffing Services | 6/29/20 | $8,702,617 |
Ntt Data Services Llc It Consulting Services | 6/29/20 | $7,566,515 |
Abm Parking Service Parking Services | 6/29/20 | $7,221,923 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $654,889 |
Related organizations | $0 |
Government grants | $200,197,756 |
All other contributions, gifts, grants, and similar amounts not included above | $180,844,759 |
Noncash contributions included in lines 1a–1f | $13,674,295 |
Total Revenue from Contributions, Gifts, Grants & Similar | $381,697,404 |
Total Program Service Revenue | $3,301,918,165 |
Investment income | $16,371,823 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $28,474,284 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $7,912,284 |
Net Income from Fundraising Events | $10,170 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,778,033,612 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $26,833,122 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $9,007 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $17,638,266 |
Compensation of current officers, directors, key employees. | $7,727,439 |
Compensation to disqualified persons | $1,500,381 |
Other salaries and wages | $1,293,077,355 |
Pension plan accruals and contributions | $137,783,589 |
Other employee benefits | $122,040,113 |
Payroll taxes | $93,988,780 |
Fees for services: Management | $19,341,750 |
Fees for services: Legal | $24,705,544 |
Fees for services: Accounting | $1,242,812 |
Fees for services: Lobbying | $637,530 |
Fees for services: Fundraising | $40,643 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $240,555,302 |
Advertising and promotion | $8,403,902 |
Office expenses | $35,190,366 |
Information technology | $167,913,166 |
Royalties | $5,666,752 |
Occupancy | $81,405,957 |
Travel | $4,966,468 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $2,300,330 |
Interest | $26,105,399 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $169,882,265 |
Insurance | $33,584,477 |
All other expenses | $14,283,743 |
Total functional expenses | $3,308,261,916 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,145,156,781 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $169,900,815 |
Accounts receivable, net | $527,124,137 |
Loans from Officers, Directors, or Controlling Persons | $2,044,110 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $17,566,730 |
Inventories for sale or use | $41,550,807 |
Prepaid expenses and deferred charges | $40,249,627 |
Net Land, buildings, and equipment | $2,481,352,329 |
Investments—publicly traded securities | $1,849,795,444 |
Investments—other securities | $416,033,662 |
Investments—program-related | $132,330,073 |
Intangible assets | $100,632,003 |
Other assets | $600,077,443 |
Total assets | $7,523,813,961 |
Accounts payable and accrued expenses | $736,987,290 |
Grants payable | $0 |
Deferred revenue | $853,366 |
Tax-exempt bond liabilities | $1,118,343,942 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $68,708,794 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $467,351,187 |
Total liabilities | $2,392,244,579 |
Net assets without donor restrictions | $4,351,423,231 |
Net assets with donor restrictions | $780,146,151 |
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 | $7,523,813,961 |
Over the last fiscal year, Cedars-Sinai Medical Center has awarded $26,650,172 in support to 177 organizations.
Grant Recipient | Amount |
---|---|
Los Angeles, CA PURPOSE: GENERAL SUPPORT; HOMELESSNESS AND HOUSING GRANT | $6,100,000 |
Los Angeles, CA PURPOSE: AFFORDABLE HOUSING GRANT; COMMUNITY BENEFIT GRANT | $3,125,000 |
Los Angeles, CA PURPOSE: TRAINING AND EDUCATION GRANT; COVID-19 RELIEF GRANT | $1,160,000 |
San Francisco, CA PURPOSE: HEALTH AND WELLNESS GRANT; RESEARCH STUDY GRANT | $1,130,000 |
Los Angeles, CA PURPOSE: COMMUNITY BENEFIT GRANT; GENERAL SUPPORT | $1,035,000 |
Los Angeles, CA PURPOSE: HEALTH AND WELLNESS GRANT; COVID-19 RELIEF GRANT | $550,000 |
Over the last fiscal year, we have identified 40 grants that Cedars-Sinai Medical Center has recieved totaling $1,792,169.
Awarding Organization | Amount |
---|---|
Nancy Ann Mellen Foundation East Haven, CT PURPOSE: UNRESTRICTED | $200,000 |
Pasadena Community Foundation Pasadena, CA PURPOSE: Oncology Fellowship Program | $200,000 |
Esper A Petersen Foundation Grayslake, IL PURPOSE: PROVIDE AFFORDABLE HEALTH CARE | $135,000 |
Esper A Petersen Foundation Grayslake, IL PURPOSE: PROVIDE AFFORDABLE HEALTH CARE | $135,000 |
Direct Relief Santa Barbara, CA PURPOSE: SUPPORT TO US CLINICS & HEALTH CENTERS FOR LOW-INCOME, UNINSURED PATIENTS | $128,201 |
Direct Relief Santa Barbara, CA PURPOSE: SUPPORT TO US CLINICS & HEALTH CENTERS FOR LOW-INCOME, UNINSURED PATIENTS | $128,201 |
Beg. Balance | $867,508,124 |
Earnings | $32,119,212 |
Net Contributions | $36,483,139 |
Other Expense | $12,740,032 |
Ending Balance | $923,370,443 |
Organization Name | Assets | Revenue |
---|---|---|
Renown Regional Medical Center Reno, NV | $920,238,119 | $918,236,960 |
Asante Medford, OR | $1,867,375,413 | $928,596,728 |
St Charles Health System Inc Bend, OR | $1,206,976,077 | $1,002,139,054 |
Eisenhower Medical Center Rancho Mirage, CA | $1,388,654,538 | $887,259,076 |
Grossmont Hospital Corporation San Diego, CA | $1,311,443,464 | $859,537,675 |
Santa Barbara Cottage Hospital Santa Barbara, CA | $1,817,093,511 | $837,598,218 |
Pasadena Hospital Association Ltd Pasadena, CA | $1,232,829,063 | $694,154,841 |
Torrance Memorial Medical Center Torrance, CA | $1,300,118,916 | $710,062,691 |
Enloe Medical Center Chico, CA | $693,760,224 | $675,267,384 |
Sky Lakes Medical Center Inc Klamath Falls, OR | $416,863,008 | $679,891,837 |
Pomona Valley Hospital Medical Center Pomona, CA | $712,754,800 | $677,656,158 |
Pih Health Hospital Whittier Whittier, CA | $1,422,637,395 | $696,894,160 |