Cedars-Sinai Health System
- Assets
- $626.3m
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 06/2018
- Data as of
- 06/2021
- EIN
- 30-0990905
Organization Overview
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
990
Mission & Program ActivityExcerpts From the 990 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:
Part 3 - Line 4a
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; TORRANCE HEALTH ASSOCIATION, WHICH OFFICIALLY BECAME AFFILIATED ON FEBRUARY 1, 2018 UNDER CSHS; AND PASADENA HOSPITAL ASSOCIATION LTD, WHICH OFFICIALLY BECAME AFFILIATED ON AUGUST 4, 2021 UNDER CSHS.(SEE SCHEDULE O FOR CONTINUATION)(CONTINUED)AREAS FOR COLLABORATION AMONG THE ORGANIZATIONS OF WHICH CSHS IS THE SOLE MEMBER INCLUDE ADVANCED TREATMENTS FOR CANCER, HEART DISEASE, AND BRAIN DISORDERS. CEDARS-SINAI SPECIALISTS IN THESE AREAS WILL WORK WITH PHYSICIANS AT CEDARS-SINAI MEDICAL CENTER, TORRANCE, AND NOW, AS DESCRIBED BELOW, HUNTINGTON HOSPITAL 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.PASADENA HOSPITAL ASSOCIATION LTD. ("PHA; DOING BUSINESS AS HUNTINGTON HOSPITAL) AFFILIATION:THE AFFILIATION WILL STRENGTHEN PHA'S LONG-TERM COMMITMENT TO PROVIDING AFFORDABLE, ACCESSIBLE, HIGH-QUALITY CARE TO THE SAN GABRIEL VALLEY, AND PROVIDES FOR A WIDE VARIETY OF COLLABORATIONS, AS WELL AS SHARING OF RESOURCES AND EXPERTISE. IN ADDITION, CSHS HAS COMMITTED TO INVESTMENT IN PHA IN MANY AREAS, INCLUDING ENTERPRISE INFORMATION TECHNOLOGY, EXPANDED AMBULATORY SERVICES AND ENHANCED PHYSICIAN DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas M Priselac President/ceo | OfficerTrustee | 7 | $0 |
Lori Morgan MD Board Member | Trustee | 2 | $0 |
Craig Leach Board Member | Trustee | 2 | $0 |
Peggy Miles MD Board Member | Trustee | 2 | $0 |
Laura W Brill Board Member | Trustee | 2 | $0 |
William H Collier Jr Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $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 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 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 | $0 |
| 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 |
| 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 | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $625,256,853 |