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Nonprofiteer
← CHAN SOON-SHIONG NANTHEALTH FOUNDATION

Form 990 for tax year 2022

Filed by CHAN SOON-SHIONG NANTHEALTH FOUNDATION.

Totals

Total revenue
$65,306
Total expenses
$716,071
Contributions and grants received
$0
Grants paid
$210,000
Program service revenue
$0
Investment income
$65,306
Other revenue
$0
Total assets, end of year
$23,283,551
Total liabilities, end of year
$187,040
Net assets or fund balances, end of year
$23,096,511
Program services expenses (Part IX)
$688,787
Management and general expenses
$27,284
Fundraising expenses
$0
Program service expenses (Part III)
$688,787

Program services were 96.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $90,236 · excluded $90,236

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $429,223

  • 7b · Less cost or other basis and sales expenses

    securities $454,153

  • 7c · Gain or loss

    securities -$24,930

  • 7d · Net gain or loss

    total -$24,930 · excluded -$24,930

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $210,000 · program services $210,000

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $351,161 · program services $351,161

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $13,395 · program services $13,395 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $9,372 · management and general $9,372

  • 11b · Fees: legal

    total $17,889 · program services $17,889 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $17,532 · management and general $17,532

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $83 · program services $83

  • 14 · Information technology

    total $6,457 · program services $6,457

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $15,164 · program services $15,164

  • 23 · Insurance

    total $71,830 · program services $71,830

  • 24a · Other expenses: PATENT EXPENSE

    total $2,010 · program services $2,010

  • 24b · Other expenses: STATE FILING FEES

    total $380 · management and general $380

  • 24c · Other expenses: CELLULAR PHONES

    total $798 · program services $798

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $16,525 · end of year $182,034

  • 2 · Savings and temporary cash investments

    beginning of year $342,152 · end of year $30,455

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,562 · end of year $13,402

  • 10a · Land, buildings and equipment: cost or other basis

    $77,986

  • 10b · Land, buildings and equipment: accumulated depreciation

    $47,156

  • 10c · Land, buildings and equipment, net

    beginning of year $45,994 · end of year $30,830

  • 11 · Investments: publicly traded securities

    beginning of year $2,548,269 · end of year $2,169,080

  • 12 · Investments: other securities

    beginning of year $20,857,750 · end of year $20,857,750

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $64,100 · end of year $115,558

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $17,290 · end of year $71,118

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,666 · end of year $364

  • 27 · Net assets without donor restrictions

    beginning of year $23,747,196 · end of year $23,096,511

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

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 WHICH ARE DESCRIBED IN SECTION 501(C)(3) OF THE CODE, ARE FEDERAL HOSPITALS, OR ARE INSTRUMENTALITIES OF A GOVERNMENTAL UNIT REFERRED TO IN SECTION 170(C)(1) OF THE CODE. THE ORGANIZATION IS DEDICATED TO RESEARCH AND TECHNOLOGY DEVELOPMENT IN PERSONALIZED MOLECULAR MEDICINE FOR THE TREATMENT OF UNMET MEDICAL NEEDS. PERSONALIZED MOLECULAR MEDICINE PROVIDES CUSTOMIZATION OF HEALTHCARE, WITH DECISIONS AND PRACTICES BEING TAILORED TO INDIVIDUAL PATIENTS AT THE MOLECULAR LEVEL.

Activities or mission (Part I)

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.

  • 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.

    Expenses $688,787 · Grants $210,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Phillip B Gordon

    DIRECTOR OF GOVT. RELATIONS

    Total calculated
    $371,440
    From this org
    $328,240
    From related orgs
    $0
    Other
    $43,200
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $328,240
    Bonus
    not reported
    Other
    not reported
    Deferred
    $27,000
    Nontaxable benefits
    $16,200
    Filer's total
    $371,440

  • Patrick Soon-Shiong

    PRESIDENT, DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michele B Soon-Shiong

    TREASURER, DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Leonard Shapiro

    DIRECTOR, SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Michael Sitrick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART II - COMPENSATION FROM RELATED ORGANIZATIONS
CURRENT AND FORMER DIRECTORS, OFFICERS, KEY EMPLOYEES AND HIGHEST COMPENSATED EMPLOYEES RECEIVED COMPENSATION FROM RELATED ORGANIZATIONS FOR SERVICES PERFORMED, UNRELATED TO THEIR WORK FOR CHAN SOON-SHIONG NANTHEALTH FOUNDATION. DETAILS OF SUCH COMPENSATION FROM RELATED ORGANIZATIONS ARE AVAILABLE UPON REQUEST.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CHAN SOON-SHIONG INSTITUTE OF MOLECULAR

    MED. RESEARCH · DE · assets $22,242

    Directly controlled by CSSNHF

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • MULTIPLE - DETAILS AVAILABLE

    DETAILS AVAIL · DE

    Directly controlled by NA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • MULTIPLE - DETAILS AVAILABLE

    C CORP · DETAILS AVAIL · DE

    Directly controlled by NA

  • MULTIPLE - DETAILS AVAILABLE

    TRUSTS · INVESTING · DE

    Directly controlled by NA

  • WINDBER PROFESSIONAL SERVICES

    C CORP · REAL ESTATE R · PA · 100% owned

    Directly controlled by WINDBER HOSPITA

Provenance

Return type
form_990
Tax year
2022
Filed
15 February 2024
IRS schema version
2022v5.0
Source object
202420549349301132

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