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 06/2022, Cedars-Sinai Medical Center employed 18,482 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 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $3.6b during the year ending 06/2021. While expenses have increased by 3.1% per year over the past 7 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 1,070 individual grants totaling $278,775,568. 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
990
Mission & Program ActivityExcerpts From the 990 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:
Part 3 - Line 4a
CLINICAL CARE:CEDARS-SINAI HAS BEEN NAMED THE #1 HOSPITAL IN CALIFORNIA AND #2 HOSPITAL IN THE NATION IN U.S. NEWS & WORLD REPORT'S "2022-2023 BEST HOSPITALS" RANKINGS AND PLACED AMONG THE VERY BEST IN 11 SPECIALTIES NATIONWIDE. AS SUCH, CEDARS-SINAI IS DEEPLY COMMITTED TO LEADERSHIP AND EXCELLENCE IN DELIVERING QUALITY PATIENT CARE FOR ALL, EXPANDING THE HORIZONS OF MEDICAL KNOWLEDGE THROUGH INNOVATIVE BIOMEDICAL RESEARCH, PROVIDING OUTSTANDING EDUCATION AND TRAINING FOR PHYSICIANS AND OTHER (SEE SCHEDULE O FOR CONTINUATION)(CONTINUED)HEALTHCARE PROFESSIONALS, IMPROVING THE HEALTH STATUS OF THE NEEDIEST IN ITS COMMUNITY, AND PARTNERING WITH DONORS AND ORGANIZATIONS TO SUPPORT THESE PILLARS OF ITS MISSION.IN FISCAL YEAR 2022, CEDARS-SINAI MEDICAL CENTER REPORTED 288,474 INPATIENT DAYS (APPROXIMATELY 790 PER DAY), AND 955,200 OUTPATIENT VISITS. THERE WERE 45,498 INPATIENT ADMISSIONS, AND 88,260 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 2022, CEDARS-SINAI PERFORMED 107 HEART TRANSPLANTS AND 73 LUNG 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 MORE HEART TRANSPLANTS THAN ANY OTHER HOSPITAL AS WELL AS NEWER TECHNOLOGIES TO TREAT ADVANCED HEART DISEASE. CEDARS-SINAI'S SERVICES FOR CANCER PATIENTS ARE SIMILARLY BROAD IN SCOPE AND SIZE. AT ANY GIVEN TIME, PATIENTS HAVE ACCESS TO APPROXIMATELY 200 CLINICAL TRIALS THROUGH CEDARS-SINAI CANCER. IN FISCAL YEAR 2022, CEDARS-SINAI'S ONCOLOGY EXPERTS TREATED 238,528 PATIENTS FOR OVER 60 TYPES OF CANCER AT MORE THAN 10 LOCATIONS THROUGHOUT GREATER LOS ANGELES.CEDARS-SINAI GUERIN CHILDREN'S, A NEW 26-BED FACILITY FOR ADVANCED PEDIATRIC CARE, OPENED IN SUMMER 2022, PROVIDING A SEAMLESS CONTINUUM OF PRIMARY AND SPECIALTY CARE FOR HOSPITALIZED PATIENTS AND OUTPATIENTS AS THEY GROW FROM NEWBORNS TO ADOLESCENTS TO ADULTS.
RESEARCH: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. (SEE SCHEDULE O FOR CONTINUATION)(CONTINUED)THIS PAST FISCAL YEAR, CEDARS-SINAI SCIENTISTS AND PHYSICIAN-RESEARCHERS WERE ENGAGED IN MORE THAN 2,000 ACTIVE RESEARCH PROJECTS AND 597 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 2,800 PEER-REVIEWED FACULTY PUBLICATIONS. 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 2022, CEDARS-SINAI'S TOTAL COST OF RESEARCH WAS $113,283,740, INCLUDING 190 NATIONAL INSTITUTES OF HEALTH GRANTS AND OTHER GRANTS TOTALING $148,516,119.
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 2022, CEDARS-SINAI'S NET COST OF PROVIDING THESE TRAINING PROGRAMS WAS $98,416,878.(SEE SCHEDULE O FOR CONTINUATION)(CONTINUED)CEDARS-SINAI OFFERS 15 RESIDENCY PROGRAMS AND 89 FELLOWSHIP PROGRAMS IN A VARIETY OF HIGHLY RANKED SPECIALTIES. IN FISCAL YEAR 2022, 23% OF INTERVIEWS FOR MEDICAL RESIDENCIES AT CEDARS-SINAI WERE OFFERED TO UNDERREPRESENTED STUDENTS, AND 17% OF THOSE CANDIDATES MATCHED IN ONE OF ITS PROGRAMS. SIXTEEN STUDENTS GRADUATED IN CEDARS-SINAI'S MASTER'S DEGREE PROGRAMS IN HEALTH DELIVERY SCIENCE AND MAGNETIC RESONANCE IMAGING, AND SIX MORE GRADUATED FROM CEDARS-SINAI'S PHD IN BIOMEDICAL SCIENCES PROGRAM. THE GERI AND RICHARD BRAWERMAN NURSING INSTITUTE WELCOMED A RECORD NUMBER OF NEW NURSES TO THE NEW-GRADUATE REGISTERED NURSE RESIDENCY PROGRAM, WHICH HELPS NURSES THROUGHOUT THEIR FIRST YEAR OF PROFESSIONAL PRACTICE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Thomas M Priselac President/ceo | OfficerTrustee | 65 | $5,159,849 |
Kimberly Gregory MD Staff Phys./board Member | Trustee | 60 | $587,575 |
Peggy Miles MD Staff Phys./board Member | Trustee | 60 | $405,283 |
Zuri Murrell MD Medical Director/board Member | Trustee | 8 | $25,926 |
Mohamed Mike Ahmar Board Member/secretary | OfficerTrustee | 5 | $0 |
Sonu Ahluwalia MD Board Member | Trustee | 5 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Aya Healthcare Inc Staffing Services | 6/29/22 | $75,129,109 |
Community Urgent Care Med Grp Urgent Care Medical Services | 6/29/22 | $19,865,149 |
Rubin Postaer And Associates Digital Marketing Services | 6/29/22 | $18,286,584 |
Cardiotek Perfusion Services Organ Transplant Services | 6/29/22 | $11,144,159 |
Dva Renal Healthcare Inc Hemodialysis Services | 6/29/22 | $15,620,075 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $485,370,389 |
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 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 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 | $0 |
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 |
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 | $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 | $6,178,661,353 |
Over the last fiscal year, Cedars-Sinai Medical Center has awarded $36,178,096 in support to 187 organizations.
Grant Recipient | Amount |
---|---|
A WINDOW BETWEEN WORLDS PURPOSE: GENERAL SUPPORT | $70,000 |
AFFORDABLE LIVING FOR THE AGING PURPOSE: COMMUNITY INITIATIVE GRANT | $200,000 |
AIRPORT MARINA COUNSELING SERVICE PURPOSE: GENERAL SUPPORT; INCREASED ACCESSIBILITY AND CAPACITY GRANT | $245,000 |
ALL PEOPLES COMMUNITY CENTER PURPOSE: COVID-19 RECOVERY GRANT | $20,000 |
ALZHEIMER'S GREATER LOS ANGELES PURPOSE: GENERAL SUPPORT | $10,000 |
AMANECER COMMUNITY COUNSELING SERVICE A NON-PROFIT CORPORATION PURPOSE: LEADERSHIP DEVELOPMENT AND EQUITABLE STAFFING GRANT | $140,000 |