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 06/2021, Cedars-Sinai Medical Center employed 17,096 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cedars-Sinai Medical Center 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 06/2021, Cedars-Sinai Medical Center generated $4.5b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $3.6b during the year ending 06/2021. While expenses have increased by 3.6% per year over the past 6 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 1,060 individual grants totaling $269,247,644. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
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:
CLINICAL CARE:CEDARS-SINAI IS A NONPROFIT ACADEMIC HEALTHCARE ORGANIZATION SERVING THE DIVERSE LOS ANGELES COMMUNITY AND BEYOND. WITH PIONEERING MEDICAL RESEARCH ACHIEVEMENTS, EDUCATION PROGRAMS DEFINING THE FUTURE OF HEALTHCARE, AND WIDE-RANGING COMMUNITY BENEFIT ACTIVITIES, CEDARS-SINAI IS SETTING NEW STANDARDS FOR QUALITY AND INNOVATION INPATIENT CARE.(SEE SCHEDULE O FOR CONTINUATION)(CONTINUED)IN FISCAL YEAR 2021, CEDARS-SINAI MEDICAL CENTER REPORTED 270,700 INPATIENT DAYS (APPROXIMATELY 740 PER DAY), AND 886,835 OUTPATIENT VISITS. THERE WERE 44,882 INPATIENT ADMISSIONS, AND 80,317 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 FISCAL YEAR 2021, CEDARS-SINAI PERFORMED 130 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 2021, CEDARS-SINAI CANCER SERVED 8,103 INPATIENTS AND 368,414 OUTPATIENTS AND DELIVERED 53,011 INFUSIONS.CEDARS-SINAI IS COMBATING THE COVID-19 PANDEMIC WITH GRIT, EXPERTISE AND COMMITMENT. CEDARS-SINAI'S CLINICIANS, LEADERSHIP, DONORS, PATIENTS AND PARTNERING ORGANIZATIONS BANDED TOGETHER TO CARE FOR THOSE WHO WERE ILL, LEARN MORE ABOUT THE DISEASE AND ITS WIDE-RANGING EFFECTS, AND SERVE THE NEIGHBORS IN NEED. TO ASSIST PATIENTS EXPERIENCING ONGOING COVID-19 SYMPTOMS, CEDARS-SINAI LAUNCHED THE MULTIDISCIPLINARY COVID-19 RECOVERY PROGRAM, WHICH PROVIDES A COMPREHENSIVE EVALUATION OF EACH PATIENT AND CONNECTS THEM TO APPROPRIATE SPECIALTY CARE, INCLUDING CARDIOLOGY, PULMONOLOGY, NEUROLOGY, AND PHYSICAL MEDICINE AND REHABILITATION. THE PROGRAM ALSO OFFERS AN OPPORTUNITY FOR CEDARS-SINAI RESEARCHERS TO LEARN MORE ABOUT PATIENTS WHO SUFFER DEBILITATING EFFECTS FOR MONTHS FOLLOWING THEIR INFECTION. MORE THAN 1,000 PATIENTS RECOVERING FROM COVID-19 HAVE BEEN SERVED SO FAR. THE PROGRAM WAS HONORED AS THE 2021 "BEST NEW PRODUCT OR SERVICE" BY THE LOS ANGELES BUSINESS JOURNAL.
RESEARCH:CEDARS-SINAI SCIENTISTS AND PHYSICIAN-RESEARCHERS WERE ENGAGED IN MORE THAN 2,300 ACTIVE RESEARCH PROJECTS AND 759 CLINICAL TRIALS 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 IN UNDERSERVED COMMUNITIES. CEDARS-SINAI PHYSICIAN SCIENTISTS PUBLISHED OVER 2,700 FACULTY PEER-REVIEWED PUBLICATIONS. (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 2021, CEDARS-SINAI PROVIDED $103,307,330 TOWARD RESEARCH PROJECTS, WHILE NIH AND OTHER GRANTS PROVIDED $152,569,623.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 2021, FOR EXAMPLE, CEDARS-SINAI HAD MORE THAN 100 ACTIVE COVID-19 RELATED RESEARCH PROJECTS THAT WERE UNDERWAY TO HELP UNDERSTAND THE CORONAVIRUS AND FIND EFFECTIVE TREATMENTS.
TRAINING FOR PHYSICIANS AND OTHER HEALTH PROFESSIONALS:FROM THE CLASSROOM TO THE CLINIC, FROM HIGH SCHOOLERS TO GRADUATE STUDENTS AND RESIDENTS, CEDARS-SINAI IS AN EPICENTER OF EDUCATION, MENTORING AND INSPIRATION FOR YOUNG PEOPLE AND FUTURE LEADERS. CEDARS-SINAI'S EDUCATIONAL MISSION IS KEY TO ENSURING A LEGACY OF HIGH-QUALITY SCIENCE AND PATIENT CARE FOR GENERATIONS TO COME. IN FISCAL YEAR 2021, CEDARS-SINAI'S NET COST OF PROVIDING THESE TRAINING PROGRAMS WAS $101,684,971.(SEE SCHEDULE O FOR CONTINUATION)(CONTINUED)619 MEDICAL STUDENTS WERE IN CLINICAL TEACHING ROTATIONS IN NEARLY 100 SPECIALTY AND SUBSPECIALTY AREAS AT CEDARS-SINAI IN FISCAL YEAR 2021. AT ITS NINTH ANNUAL COMMENCEMENT, THE GRADUATE SCHOOL OF BIOMEDICAL SCIENCES AWARDED 17 DOCTORAL AND 33 MASTER'S DEGREES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Thomas M Priselac President/ceo | OfficerTrustee | 65 | $4,777,520 |
Eduardo Marban MD Director-Heart Institute | 60 | $3,574,751 | |
Keith Black MD Chair-Neurosurgery | 60 | $3,360,156 | |
Rajendra Makkar MD Exec Director-Cardiac Interventional | 60 | $2,823,995 | |
Shlomo Melmed MD Chief Academic Officer | Officer | 60 | $2,619,362 |
Joanna Chikwe MD Chair, Cardiac Surgery | 60 | $2,499,401 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Bright Horizons Employee Family Care Services | 6/29/21 | $9,751,409 |
Community Urgent Care Med Grp Urgent Care Medical Services | 6/29/21 | $19,694,298 |
Aya Healthcare Inc Staffing Services | 6/29/21 | $9,909,838 |
Ntt Data Services Llc It Consulting Services | 6/29/21 | $7,778,499 |
Dva Renal Healthcare Inc Hemodialysis Services | 6/29/21 | $12,750,847 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $1,309,547 |
Related organizations | $0 |
Government grants | $203,485,563 |
All other contributions, gifts, grants, and similar amounts not included above | $280,575,279 |
Noncash contributions included in lines 1a–1f | $6,262,025 |
Total Revenue from Contributions, Gifts, Grants & Similar | $485,370,389 |
Total Program Service Revenue | $3,755,748,269 |
Investment income | $45,089,775 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $17,489,543 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $140,571,736 |
Net Income from Fundraising Events | -$56,749 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $4,483,301,756 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $31,064,584 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $86,303 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $16,159,473 |
Compensation of current officers, directors, key employees. | $8,263,085 |
Compensation to disqualified persons | $924,445 |
Other salaries and wages | $1,399,308,470 |
Pension plan accruals and contributions | $150,579,970 |
Other employee benefits | $137,934,987 |
Payroll taxes | $101,517,662 |
Fees for services: Management | $19,822,298 |
Fees for services: Legal | $27,791,411 |
Fees for services: Accounting | $1,411,663 |
Fees for services: Lobbying | $632,166 |
Fees for services: Fundraising | $74,929 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $300,949,310 |
Advertising and promotion | $17,836,146 |
Office expenses | $34,918,632 |
Information technology | $175,356,813 |
Royalties | $11,158,950 |
Occupancy | $67,732,544 |
Travel | $2,559,127 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $666,183 |
Interest | $29,551,662 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $179,563,373 |
Insurance | $35,602,651 |
All other expenses | $15,576,229 |
Total functional expenses | $3,624,372,141 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,078,614,881 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $272,406,370 |
Accounts receivable, net | $666,361,777 |
Loans from Officers, Directors, or Controlling Persons | $2,081,950 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $22,903,065 |
Inventories for sale or use | $40,591,397 |
Prepaid expenses and deferred charges | $46,711,731 |
Net Land, buildings, and equipment | $2,537,836,365 |
Investments—publicly traded securities | $2,604,236,959 |
Investments—other securities | $406,535,919 |
Investments—program-related | $217,542,746 |
Intangible assets | $54,041,153 |
Other assets | $533,240,882 |
Total assets | $8,483,105,195 |
Accounts payable and accrued expenses | $784,960,521 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $1,072,715,307 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $60,295,302 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $386,472,712 |
Total liabilities | $2,304,443,842 |
Net assets without donor restrictions | $5,241,503,300 |
Net assets with donor restrictions | $937,158,053 |
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 | $8,483,105,195 |
Over the last fiscal year, Cedars-Sinai Medical Center has awarded $30,944,009 in support to 161 organizations.
Grant Recipient | Amount |
---|---|
Los Angeles, CA PURPOSE: GENERAL SUPPORT; COMMUNITY INITIATIVE GRANT; HEALTH AND WELLNESS GRANT | $5,798,750 |
Los Angeles, CA PURPOSE: HEALTH AND WELLNESS GRANT | $5,000,000 |
Los Angeles, CA PURPOSE: HOMELESSNESS AND HOUSING GRANT | $3,000,000 |
San Francisco, CA PURPOSE: GENERAL SUPPORT; AFFORDABLE HOUSING FOR SENIORS GRANT | $2,575,000 |
Los Angeles, CA PURPOSE: HEALTH AND WELLNESS GRANT; CIVIC ENGAGEMENT GRANT | $1,875,000 |
North Hollywood, CA PURPOSE: HOUSING GRANT | $850,000 |
Over the last fiscal year, we have identified 7 grants that Cedars-Sinai Medical Center has recieved totaling $359,012.
Awarding Organization | Amount |
---|---|
Kerlan-Jobe Orthopaedic Foundation Encino, CA PURPOSE: Medical research | $163,712 |
Margaret E Early Medical Research Tr Glendale, CA PURPOSE: MEDICAL GRANT | $75,000 |
Selkowitz Family Foundation Stamford, CT PURPOSE: HELP TO PROVIDE EXCELLENCE IN PATIENT CARE, MEDICAL RESEARCH, EDUCATION FOR HEALTH PROFESSIONALS AND COMMUNITY OUTREACH. | $62,000 |
Csp Family Foundation Summit, NJ PURPOSE: GENERAL | $25,000 |
Collingwood Foundation Los Angeles, CA PURPOSE: UNRESTRICTED OPERATIONAL SUPPORT | $20,000 |
George H Scanlon Foundation Okoboji, IA PURPOSE: GENERAL OPERATING BUDGET | $10,000 |
Beg. Balance | $923,370,443 |
Earnings | $206,650,800 |
Net Contributions | $64,822,110 |
Other Expense | $13,764,803 |
Ending Balance | $1,181,078,550 |
Organization Name | Assets | Revenue |
---|---|---|
Asante Medford, OR | $2,030,793,202 | $1,067,000,527 |
Grossmont Hospital Corporation San Diego, CA | $1,425,066,151 | $963,761,157 |
Renown Regional Medical Center Reno, NV | $920,238,119 | $918,236,960 |
Eisenhower Medical Center Rancho Mirage, CA | $1,388,654,538 | $887,259,076 |
Santa Barbara Cottage Hospital Santa Barbara, CA | $1,990,776,088 | $820,638,690 |
Pasadena Hospital Association Ltd Pasadena, CA | $1,315,158,731 | $740,897,251 |
Enloe Medical Center Chico, CA | $774,318,013 | $814,037,880 |
Torrance Memorial Medical Center Torrance, CA | $1,308,904,790 | $749,888,639 |
Pomona Valley Hospital Medical Center Pomona, CA | $766,840,577 | $699,695,626 |
Tucson Medical Center Tucson, AZ | $695,529,192 | $712,683,954 |
Sky Lakes Medical Center Inc Klamath Falls, OR | $459,854,725 | $667,970,427 |
Pih Health Hospital Whittier Whittier, CA | $1,422,637,395 | $696,894,160 |