American Friends Of Sheba Medical Center Inc
- Assets
- $16.9m
- Revenue
- $27.3m
- Investments
- $0.0
- Employees
- 11
- Location
- Los Angeles, CA
- Founding
- 10/1970
- Data as of
- 12/2022
- EIN
- 23-7076117
Organization Overview
American Friends Of Sheba Medical Center Inc is located in Los Angeles, CA. The organization was established in 1970. According to its NTEE Classification (G90) the organization is classified as: Medical Disciplines, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2022, American Friends Of Sheba Medical Center Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Friends Of Sheba Medical Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, American Friends Of Sheba Medical Center Inc generated $27.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 48.9% each year . All expenses for the organization totaled $22.2m during the year ending 12/2022. While expenses have increased by 49.1% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
AFSMC RAISES FUNDS TO SUPPORT SHEBA MEDICAL CENTER, ONE OF THE TOP TEN HOSPITALS IN THE WORLD.THROUGHOUT THE YEARS, AMERICAN FRIENDS OF SHEBA MEDICAL CENTER HAS SHOWN INCREDIBLE DEDICATION TO THE INNOVATIVE AND INTEGRATED MEDICAL CARE THAT SHEBA MEDICAL CENTER PROVIDES TO EACH AND EVERY PATIENT. OUR PARTNERSHIP HELPS SHEBA TO DELIVER THE HIGHEST STANDARDS OF MEDICINE, RESEARCH, AND TECHNOLOGY BENEFITTING ISRAEL AND THE ENTIRE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1. AFSMC GIVEN $500K FOR THE UKRAINE FIELD HOSPITAL.IN RESPONSE TO THE WAR IN UKRAINE, ISRAEL MADE THE DECISION TO PUT A FIELD HOSPITAL INTO UKRAINE AND PUT SHEBA MEDICAL CENTER IN CHARGE OF IT. 2. $1.85M COMMITMENT FOR STEM CELL PROCESSING CENTER AND DNA/RNA CLINICAL UNITSHEBA RECEIVED A COMMITTMENT FROM A FOUNDATION THAT BEGAN GIVING HEAVILY TO MEDICAL CAUSES TO CONTRIBUTE $1.85M OVER TWO YEARS. $1,000,000 TOWARD SHEBA'S NATIONAL STEM CELL PROCESSING CENTER AND $865,000 TOWARD ESTABLISHING THE DNA AND RNA CLINICAL UNIT. BOTH OF THESE CONTRIBUTIONS WILL ALLOW SHEBA TO MAKE MEANINGFUL STEPS FORWARD IN THOSE AREAS.3. $11M IS CONTRIBUTED TOWARD THE NEW ONCOLOGY HOSPITALSHEBA IS A WORLD LEADER IN MANY ASPECTS OF CANCER TREATMENT. DR. TALIA GOLAN IS AN INTERNATIONALLY KNOWN NAME IN PANCREATIC CANCER AND THE BRCA MUTATION. SHEBA ALSO HAS BEEN A LEADER IN FREEZING CANCER CELLS IN BREAST AND PROSTATE CANCER, AMONG OTHER TREATMENTS. HOWEVER, THE CURRENT ONCOLOGY BUILDING IS NOT UP TO THE NEEDS OF THE PROGRAM AND PATIENTS AND THE MEDICAL CENTER IS ERECTIVE A MAJOR NEW BUILDING TO HOUSE ALL CANCER TREATMENT, RADIATION THERAPY, SCREENING, ETC. SHEBA SECURED FUNDING IN THE AMOUNT OF $11M IN 2022 TO HELP COVER THE COSTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Pulver Board Chair | OfficerTrustee | 1 | $0 |
Shoshana Djavaheri-Zar Board Vice -Chair | OfficerTrustee | 1 | $0 |
Mira Bar-Mashiah Treasurer | OfficerTrustee | 1 | $0 |
Ruth Steinberger Secretary | OfficerTrustee | 1 | $0 |
Yariv Ben-Ari Director | Trustee | 1 | $0 |
Luisa Cannella Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,034,290 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,636,887 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,671,177 |
| Total Program Service Revenue | $0 |
| Investment income | $1,204 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$561,285 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,311,096 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $566,188 |
| Grants and other assistance to domestic individuals. | $385,358 |
| Grants and other assistance to Foreign Orgs/Individuals | $18,285,037 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $294,585 |
| Compensation of current officers, directors, key employees. | $85,430 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,196,898 |
| Pension plan accruals and contributions | $33,710 |
| Other employee benefits | $54,970 |
| Payroll taxes | $96,538 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $140,871 |
| Fees for services: Accounting | $191,656 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $452,030 |
| Advertising and promotion | $226,703 |
| Office expenses | $71,837 |
| Information technology | $76,094 |
| Royalties | $0 |
| Occupancy | $31,430 |
| Travel | $81,633 |
| 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 | $2,048 |
| Insurance | $34,263 |
| All other expenses | $0 |
| Total functional expenses | $22,221,849 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,687,545 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $14,982,824 |
| 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 | $42,670 |
| Net Land, buildings, and equipment | $9,810 |
| Investments—publicly traded securities | $51,680 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $106,716 |
| Total assets | $16,881,245 |
| Accounts payable and accrued expenses | $788,332 |
| Grants payable | $0 |
| Deferred revenue | $25,000 |
| 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 | $108,800 |
| Total liabilities | $922,132 |
| Net assets without donor restrictions | $833,716 |
| Net assets with donor restrictions | $15,125,397 |
| 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 | $16,881,245 |
Grants Awarded
Over the last fiscal year, American Friends Of Sheba Medical Center Inc has awarded $566,188 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MITZHAV FOR UKRAINE INC PURPOSE: TRUCK TRAILER PURCHASE | $60,000 |
LIBERTY SCIENCE CENTER PURPOSE: COLLABORATION AGREEMENT | $500,000 |
CHARITABLE FUND KVITNAH PURPOSE: CHARITABLE EXPENSES | $6,188 |