Keck Medical Center Of Usc
- Assets
- $1.1b
- Revenue
- $861.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- Data as of
- 06/2021
- EIN
- 85-1644866
Organization Overview
Keck Medical Center Of Usc is located in Los Angeles, CA. According to its NTEE Classification (E20) the organization is classified as: Hospitals, 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. Keck Medical Center Of Usc 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH CARE SERVICES: TO ESTABLISH, EQUIP, MAINTAIN, AND OPERATE ONE OR MORE NONPROFIT HOSPITALS, INCLUDING KECK HOSPITAL OF USC AND USC NORRIS CANCER HOSPITAL, AS PART OF THE INTEGRATED HEALTH CARE SYSTEM OF THE UNIVERSITY OF SOUTHERN CALIFORNIA, KECK MEDICINE OF USC. CONTINUED IN SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rod Hanners Director/president | OfficerTrustee | 2 | $0 |
Stacy Bratcher Secretary Until 8/27/20 | Officer | 2 | $0 |
Chris Allen Treas Until 9/20, CFO 1/21 | Officer | 40 | $0 |
Eric Strucko Treasurer As Of 1/1/21 | Officer | 2 | $0 |
Jeannine Taylor Secretary As Of 1/1/21 | Officer | 2 | $0 |
Vaughn Starnes Director | Trustee | 50 | $0 |
Financial Statements
| 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 | $861,723,155 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$72,760 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $861,650,395 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $140,361 |
| 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. | $1,918,386 |
| Compensation of current officers, directors, key employees. | $1,918,386 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $252,134,587 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $80,784,784 |
| Payroll taxes | $18,980,457 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,456,851 |
| Fees for services: Accounting | $4,699,119 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $56,209,208 |
| Advertising and promotion | $4,865,913 |
| Office expenses | $1,634,525 |
| Information technology | $2,476,582 |
| Royalties | $0 |
| Occupancy | $20,773,948 |
| Travel | $76,250 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,356,596 |
| Payments to affiliates | $8,994,257 |
| Depreciation, depletion, and amortization | $30,807,206 |
| Insurance | -$2,499,402 |
| All other expenses | $77,889,717 |
| Total functional expenses | $850,211,644 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $313,380,132 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $49,224,710 |
| Prepaid expenses and deferred charges | $37,092,330 |
| Net Land, buildings, and equipment | $572,454,625 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $28,742,642 |
| Other assets | $125,963,278 |
| Total assets | $1,126,857,717 |
| Accounts payable and accrued expenses | $165,134,770 |
| Grants payable | $0 |
| Deferred revenue | $174,600,979 |
| 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 | $307,839,403 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $255,735,056 |
| Total liabilities | $903,310,208 |
| Net assets without donor restrictions | $223,547,509 |
| 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 | $1,126,857,717 |
Grants Awarded
Over the last fiscal year, Keck Medical Center Of Usc has awarded $135,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: GENERAL SUPPORT | $60,000 |
Los Angeles, CA PURPOSE: GENERAL SUPPORT | $30,000 |
Los Angeles, CA PURPOSE: GENERAL SUPPORT | $25,000 |
Los Angeles, CA PURPOSE: GENERAL SUPPORT | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Keck Medical Center Of Usc has recieved totaling $147,500.
| Awarding Organization | Amount |
|---|---|
Fairchild-Martindale Foundation Corona, CA PURPOSE: EDUCATIONAL PROGRAMS | $90,000 |
Acoustic Neuroma Association Cumming, GA PURPOSE: RESEARCH | $37,500 |
Henry W Bull Foundation Phoenix, AZ PURPOSE: CHARITABLE | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Prime Healthcare Foundation Inc Ontario, CA | $1,893,168,414 | $990,033,576 |
Salem Health Salem, OR | $1,797,165,433 | $888,127,204 |
Keck Medical Center Of Usc Los Angeles, CA | $1,126,857,717 | $861,650,395 |
Port City Operating Company Llc Rancho Cordova, CA | $716,107,160 | $692,763,447 |
Yuma Regional Medical Center Yuma, AZ | $1,228,382,728 | $741,860,053 |
The Hospital Committee For The Livermore-Pleasanton Areas Livermore, CA | $347,907,183 | $360,769,019 |
Wyoming Medical Center Inc Phoenix, AZ | $279,059,082 | $279,752,645 |
Cfhs Holdings Inc Marina Del Rey, CA | $147,959,387 | $136,116,103 |
Hayward Sisters Hospital Hayward, CA | $71,008,487 | $118,634,519 |
Siskiyou Hospital Inc Yreka, CA | $82,691,725 | $102,051,246 |
Usc Verdugo Hills Hospital Glendale, CA | $165,951,606 | $75,528,918 |
Saint Alphonsus Medical Center- Ontario Inc Ontario, OR | $100,480,171 | $82,404,925 |