Chan Soon-Shiong Nanthealth Foundation is located in El Segundo, CA. The organization was established in 2012. According to its NTEE Classification (H90) the organization is classified as: Medical Disciplines Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chan Soon-Shiong Nanthealth Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE SPECIFIC AND PRIMARY PURPOSE OF THIS ORGANIZATION IS TO ENGAGE IN THE CONTINUOUS ACTIVE CONDUCT OF MEDICAL RESEARCH IN CONJUNCTION WITH ONE OR MORE HOSPITALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS DIRECTLY ENGAGED IN THE CONTINUOUS ACTIVE CONDUCT OF MEDICAL RESEARCH IN CONJUNCTION WITH VARIOUS CLINICAL SETTINGS AND HOSPITALS. INITIALLY, THE ORGANIZATION WAS ENGAGED IN A JOINT EFFORT WITH PROVIDENCE SAINT JOHN'S HEALTH CENTER TO CONDUCT RESEARCH AND DEVELOPMENT OF PERSONALIZED MOLECULAR MEDICAL THERAPIES FOR THE TREATMENT OF UNMET MEDICAL NEEDS. CURRENTLY, THE ORGANIZATION IS ENGAGED IN JOINT EFFORTS WITH WINDBER HOSPITAL AND JOHNS HOPKINS UNIVERSITY TO CONDUCT PARALLEL RESEARCH AND DEVELOPMENT. THE ORGANIZATION PROVIDES FUNDING, DATA AND EXPERTISE AND PERFORMS SUPPORT SERVICES INCLUDING, WITHOUT LIMITATION, CUSTOM ENGINEERING, REGULATORY AND MEDICAL SUPPORT SERVICES FOR EACH PROJECT CONDUCTED THROUGH ITS JOINT EFFORTS WITH WINDBER HOSPITAL AND JOHNS HOPKINS UNIVERSITY. THE ORGANIZATION ALSO PLANS TO CONDUCT MEDICAL RESEARCH PROJECTS IN COLLABORATION WITH VARIOUS UNIVERSITIES, PARTICULARLY RESEARCH PROJECTS LED BY FACULTY OF THE UNIVERSITY OF CALIFORNIA AND PARTNER INSTITUTIONS. THE ORGANIZATION WILL ANNUALLY EXPEND FUNDS EQUAL TO 3.5% OR MORE OF THE FAIR MARKET VALUE OF ITS ENDOWMENT FOR THE CONTINUOUS CONDUCT OF MEDICAL RESEARCH OR WILL DEVOTE MORE THAN ONE HALF OF ITS ASSETS TO THE CONTINUOUS CONDUCT OF MEDICAL RESEARCH. THE ORGANIZATION HAS CONTRACTED WITH CHAN SOON-SHIONG INSTITUTE OF MOLECULAR MEDICINE AT WINDBER TO STUDY THE LONG-TERM EFFECTS OF COVID-19 IN BREAST CANCER PATIENTS. THE STUDY INVOLVES OVER 400 PARTICIPANTS. BREAST CANCER IS A COMMON CANCER IN WOMEN WITH 685,000 WORLDWIDE DEATHS IN THE YEAR 2020 ALONE. APPROXIMATELY 30% OF ALL NEW FEMALE CANCERS ARE BREAST CANCER. MANY OF THE ESTABLISHED RISK FACTORS ARE LINKED TO ESTROGENS. RISK IS INCREASED BY BEGINNING MENSTRUATION AT A YOUNG AGE, ENTERING MENOPAUSE LATER IN LIFE, AND OBESITY IN POSTMENOPAUSAL WOMEN. THE PHYSIOLOGICAL ENVIRONMENT THAT STIMULATES SOMATIC CELLS PROLIFERATION AND DIFFERENTIATION LEADING TO CARCINOMA ARE NOT WELL UNDERSTOOD. THE RELATIONSHIP BETWEEN INFLAMMATION AND CANCER IS EMERGING. INFLAMMATORY DISEASES INCREASE THE RISK OF DEVELOPING CANCER. PLASMA FROM PARTICIPANTS IN THE STUDY WHO HAD COVID-19 OR NOT WILL BE UTILIZED TO UNDERSTAND THE ANTI-INFLAMMATORY IMMUNE RESPONSE IN PATIENTS WITH PREVIOUS BREAST CANCER DIAGNOSIS AND COMPARE WITH PARTICIPANTS WITH NO PREVIOUS CANCER DIAGNOSIS (CONTROLS). THE HYPOTHESIS IS THAT THE INCREASED IMMUNE RESPONSE TO COVID-19 RESULTS IN A CHRONIC IMMUNE RESPONSE IN THE BREAST CHANGING THE MICROENVIRONMENT FROM AT TH1 RESPONSE TO A TH2 RESPONSE WHICH RESULTS IN MORE AGGRESSIVE BREAST CANCER. THE STUDY IS ONGOING AND SIGNIFICANT FINDINGS WILL BE PUBLISHED UPON COMPLETION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Phillip B Gordon Director Of Govt. Relations | Officer | 40 | $328,240 |
Patrick Soon-Shiong President, Director | OfficerTrustee | 1 | $0 |
Michele B Soon-Shiong Treasurer, Director | OfficerTrustee | 1 | $0 |
Leonard Shapiro Director, Secretary | OfficerTrustee | 0 | $0 |
Michael Sitrick Director | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Rodriguez Horii Choi Cafferata Legal | 6/29/18 | $238,989 |
Tichenor Thorp Architecture/design | 6/29/18 | $366,264 |
Cdw Direct Llc Equipment | 6/29/18 | $464,721 |
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 | $90,236 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$24,930 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $65,306 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $210,000 |
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. | $351,161 |
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 | $13,395 |
Fees for services: Management | $9,372 |
Fees for services: Legal | $17,889 |
Fees for services: Accounting | $17,532 |
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 | $83 |
Information technology | $6,457 |
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 | $15,164 |
Insurance | $71,830 |
All other expenses | $0 |
Total functional expenses | $716,071 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $182,034 |
Savings and temporary cash investments | $30,455 |
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 | $13,402 |
Net Land, buildings, and equipment | $30,830 |
Investments—publicly traded securities | $2,169,080 |
Investments—other securities | $20,857,750 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $23,283,551 |
Accounts payable and accrued expenses | $115,558 |
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 | $71,118 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $364 |
Total liabilities | $187,040 |
Net assets without donor restrictions | $23,096,511 |
Net assets with donor restrictions | $0 |
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 | $23,283,551 |
Over the last fiscal year, Chan Soon-Shiong Nanthealth Foundation has awarded $2,645,305 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
JOHNS HOPKINS UNIVERSITY PURPOSE: MEDICAL RESEARCH | $145,305 |
WINDBER RESEARCH INSTITUTE PURPOSE: RESEARCH ON MOLECULAR DIAGNOSTIC/PROGNOSTIC BIOMARKERS | $2,500,000 |