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Nonprofiteer
← CEDARS-SINAI MEDICAL CENTER

Form 990 for tax year 2023

Filed by CEDARS-SINAI MEDICAL CENTER.

Totals

Total revenue
$5,280,774,922
Total expenses
$4,513,878,834
Contributions and grants received
$413,938,063
Grants paid
$28,901,881
Program service revenue
$4,604,111,027
Investment income
$216,905,744
Other revenue
$45,820,088
Total assets, end of year
$12,381,804,412
Total liabilities, end of year
$3,459,815,318
Net assets or fund balances, end of year
$8,921,989,094
Program services expenses (Part IX)
$4,033,899,191
Management and general expenses
$460,216,900
Fundraising expenses
$19,762,743
Program service expenses (Part III)
$4,033,899,191

Program services were 89.4% 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.

  • 1c · Fundraising events

    $1,714,320

  • 1e · Government grants (contributions)

    $155,996,376

  • 1f · All other contributions, gifts and grants

    $256,227,367

  • 1g · Noncash contributions included above

    $4,878,172

  • 2a · Program service revenue: COMMERCIAL AND MANAGED CARE

    total $3,301,275,003 · related or exempt $3,301,275,003

  • 2b · Program service revenue: MEDICARE & MEDICAID

    total $1,091,520,041 · related or exempt $1,091,520,041

  • 2c · Program service revenue: SELF PAY AND OTHERS

    total $135,896,544 · related or exempt $135,896,544

  • 2d · Program service revenue: PREMIUM REVENUE

    total $36,945,304 · related or exempt $36,945,304

  • 2e · Program service revenue: OTHER HEALTH CARE REVENUE

    total $19,230,963 · related or exempt $19,230,963

  • 2f · All other program service revenue

    total $19,243,172 · related or exempt $19,243,172

  • 3 · Investment income

    total $172,911,298 · excluded $172,911,298

  • 5 · Royalties

    total $8,597,929 · excluded $8,597,929

  • 7a · Gross sales of assets other than inventory

    securities $43,994,446

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

    securities $0

  • 7c · Gain or loss

    securities $43,994,446

  • 7d · Net gain or loss

    total $43,994,446 · excluded $43,994,446

  • 8a · Fundraising events: gross income

    $282,135

  • 8a · Fundraising events: contributions included on line 1c

    $1,714,320

  • 8b · Fundraising events: direct expenses

    $844,667

  • 8c · Net income from fundraising events

    total -$562,532 · excluded -$562,532

  • 11a · Other revenue: LABORATORY REVENUE

    total $23,260,489 · unrelated business $23,260,489

  • 11b · Other revenue: PARKING REVENUE

    total $14,346,586 · excluded $14,346,586

  • 11c · Other revenue: ADVISORY SERVICE REVENUE

    total $3,334,122 · unrelated business $3,334,122

  • 11d · All other revenue

    total -$3,156,506 · unrelated business -$3,156,506

  • 11e · Other revenue, total

    $37,784,691

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $27,845,881 · program services $27,845,881

  • 3 · Grants to foreign organizations and individuals

    total $1,056,000 · program services $1,056,000

  • 5 · Compensation of officers, directors and key employees

    total $19,699,176 · program services $10,798,488 · management and general $8,900,688

  • 6 · Compensation of disqualified persons

    total $5,056,279 · program services $3,313,073 · management and general $1,743,206

  • 7 · Other salaries and wages

    total $1,781,570,992 · program services $1,605,083,011 · management and general $163,400,231 · fundraising $13,087,750

  • 8 · Pension plan contributions

    total $166,193,456 · program services $147,890,670 · management and general $18,302,786

  • 9 · Other employee benefits

    total $161,645,724 · program services $147,386,174 · management and general $10,565,048 · fundraising $3,694,502

  • 10 · Payroll taxes

    total $128,446,171 · program services $114,176,920 · management and general $14,269,251

  • 11a · Fees: management

    total $23,850,743 · program services $23,850,743

  • 11b · Fees: legal

    total $27,941,351 · program services $8,678,581 · management and general $19,262,770

  • 11c · Fees: accounting

    total $2,294,639 · program services $3,300 · management and general $2,291,339

  • 11d · Fees: lobbying

    total $1,288,244 · program services $1,288,244

  • 11g · Fees: other

    total $313,353,009 · program services $262,461,283 · management and general $49,740,935 · fundraising $1,150,791

  • 12 · Advertising and promotion

    total $23,965,886 · program services $427,398 · management and general $23,525,328 · fundraising $13,160

  • 13 · Office expenses

    total $48,311,471 · program services $42,712,859 · management and general $5,435,393 · fundraising $163,219

  • 14 · Information technology

    total $237,075,322 · program services $204,310,494 · management and general $32,764,828

  • 15 · Royalties

    total $199,797 · program services $199,797

  • 16 · Occupancy

    total $68,129,392 · program services $59,308,447 · management and general $8,748,092 · fundraising $72,853

  • 17 · Travel

    total $7,875,784 · program services $6,479,803 · management and general $1,298,853 · fundraising $97,128

  • 19 · Conferences, conventions and meetings

    total $3,556,259 · program services $2,015,926 · management and general $840,828 · fundraising $699,505

  • 20 · Interest

    total $58,629,282 · program services $52,172,474 · management and general $6,456,808

  • 22 · Depreciation, depletion and amortization

    total $227,843,351 · program services $203,088,760 · management and general $24,644,681 · fundraising $109,910

  • 23 · Insurance

    total $76,508,078 · program services $74,000,757 · management and general $2,507,321

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $681,025,654 · program services $681,025,654

  • 24b · Other expenses: MEDI-CAL PROGRAM FEE

    total $169,416,589 · program services $169,416,589

  • 24c · Other expenses: MISCELLANEOUS

    total $136,008,790 · program services $76,296,122 · management and general $59,318,007 · fundraising $394,661

  • 24d · Other expenses: RESTRICTED FUND EXPENSE

    total $96,773,886 · program services $96,773,886

  • 24e · All other expenses

    total $18,317,628 · program services $11,837,857 · management and general $6,200,507 · fundraising $279,264

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,786,271,890 · end of year $1,429,281,459

  • 3 · Pledges and grants receivable

    beginning of year $297,218,088 · end of year $326,262,828

  • 4 · Accounts receivable

    beginning of year $776,569,617 · end of year $920,794,119

  • 5 · Loans and receivables from officers and key people

    beginning of year $1,785,230 · end of year $1,626,950

  • 7 · Other notes and loans receivable

    beginning of year $72,778,135 · end of year $92,976,244

  • 8 · Inventories for sale or use

    beginning of year $42,108,167 · end of year $40,908,070

  • 9 · Prepaid expenses and deferred charges

    beginning of year $104,343,375 · end of year $143,830,032

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

    $5,926,121,677

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

    $2,814,200,558

  • 10c · Land, buildings and equipment, net

    beginning of year $2,943,379,173 · end of year $3,111,921,119

  • 11 · Investments: publicly traded securities

    beginning of year $3,041,396,835 · end of year $4,075,879,226

  • 12 · Investments: other securities

    beginning of year $1,037,832,089 · end of year $920,109,281

  • 13 · Investments: program-related

    beginning of year $588,177,468 · end of year $691,133,666

  • 14 · Intangible assets

    beginning of year $38,883,146 · end of year $25,938,839

  • 15 · Other assets

    beginning of year $464,658,167 · end of year $601,142,579

  • 17 · Accounts payable and accrued expenses

    beginning of year $866,314,865 · end of year $1,012,291,172

  • 20 · Tax-exempt bond liabilities

    beginning of year $977,536,138 · end of year $927,930,863

  • 23 · Secured mortgages and notes payable

    beginning of year $62,912,646 · end of year $49,605,276

  • 25 · Other liabilities

    beginning of year $1,413,498,226 · end of year $1,469,988,007

  • 27 · Net assets without donor restrictions

    beginning of year $6,773,818,896 · end of year $7,778,396,515

  • 28 · Net assets with donor restrictions

    beginning of year $1,101,320,609 · end of year $1,143,592,579

Mission and programs · 2023

Mission

AS A LEADING ACADEMIC HEALTHCARE ORGANIZATION, OUR MISSION IS TO ELEVATE THE HEALTH STATUS OF THE COMMUNITIES WE SERVE.(SEE SCHEDULE O FOR CONTINUATION)(CONTINUED)-WE DELIVER EXCEPTIONAL HEALTHCARE ENHANCED BY RESEARCH AND EDUCATION-WE PRIORITIZE HIGH-QUALITY CARE FOR ALL WITH COMPASSION-WE TRANSFORM BIOMEDICAL DISCOVERIES AND INNOVATIONS FOR BETTER HEALTH-WE EDUCATE TOMORROW'S PHYSICIANS, NURSES, RESEARCHERS, AND HEALTHCARE PROFESSIONALSOUR MISSION IS FOUNDED IN THE JUDAIC TRADITION, WHICH INSPIRES OUR DEVOTION TO THE ART AND SCIENCE OF HEALING.

Activities or mission (Part I)

PROVIDING QUALITY HEALTHCARE IS OUR PRIORITY. WE ALSO IMPROVE HEALTH THROUGH BIOMEDICAL RESEARCH, EDUCATION AND COMMUNITY BENEFIT PROGRAMS.

  • CLINICAL CARE:CEDARS-SINAI IS RENOWNED FOR A PIONEERING AND CREATIVE SPIRIT THAT DRIVES CHANGE. THIS YEAR, THAT ENDLESS QUEST FOR INNOVATION FUELED BREAKTHROUGHS AND INSPIRED NEW GENERATIONS OF HEALTHCARE LEADERS. WITH A GROWING NETWORK THAT NOW EXTENDS THROUGHOUT LOS ANGELES AND FAR BEYOND, CEDARS-SINAI'S IMPACT CONTINUES TO BROADEN EVEN AS IT REMAINS DEEPLY ROOTED IN THIS COMMUNITY. (SEE SCHEDULE O FOR CONTINUATION)(CONTINUED)IN FISCAL YEAR 2024, CEDARS-SINAI MEDICAL CENTER REPORTED 296,716 INPATIENT DAYS AND 938,702 OUTPATIENT VISITS. OTHER VOLUME MEASURES INCLUDE 45,147 INPATIENT ADMISSIONS , AND 85,709 EMERGENCY DEPARTMENT VISITS . 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. SURGEONS AT THE CEDARS-SINAI SPINE CENTER PIONEERED A MINIMALLY INVASIVE SPINE PROCEDURE TO ELIMINATE DEBILITATING PAIN WITHOUT CAUSING TRAUMA TO THE SPINE, HELPING PATIENTS RECOVER QUICKER. THE AORTIC SURVEILLANCE CLINIC OFFERS EVALUATION AND MONITORING OF PATIENTS WITH ENLARGED AORTAS, OR AORTIC ANEURYSMS, WHO MAY NOT NEED SURGERY. THE CLINIC IS THE NEWEST OFFERING FROM THE DEDICATED AORTIC PROGRAM IN THE SMIDT HEART INSTITUTE AT CEDARS-SINAI. PHYSICIANS IN THE SMIDT HEART INSTITUTE AT CEDARS-SINAI HAVE PIONEERED A CATHETER-BASED APPROACH TO TREAT PATIENTS WITH TRICUSPID VALVE DISEASE, FOLLOWING U.S. FOOD AND DRUG ADMINISTRATION APPROVAL, AND HAVE PERFORMED MORE THAN 100 MINIMALLY INVASIVE VALVE REPLACEMENTS. WOMEN WITH COMPLEX PREGNANCIES OR WHO ENCOUNTER COMPLICATIONS THAT REQUIRE SPECIALIZED CARE FOR THEMSELVES OR THEIR UNBORN CHILD RECEIVE EXPERT CARE THROUGH THE MEDICAL CENTER'S HIGH-RISK PERINATAL PROGRAM.CEDARS-SINAI IS DEVELOPING AN ALL-INCLUSIVE HUB FOR CLINICAL TRIALS THAT ENCOMPASSES THERAPEUTIC DEVELOPMENT, FUNDING, TESTING AND DATA MANAGEMENT TO REACH PATIENTS WITH POTENTIAL BREAKTHROUGHS MORE QUICKLY, EFFICIENTLY, AND SAFELY.

    Expenses $3,493,300,986 · Grants $25,925,979 · Revenue $4,323,355,267

  • RESEARCH:USING MOLECULAR TWIN TECHNOLOGY-A UNIQUE PRECISION MEDICINE AND ARTIFICIAL INTELLIGENCE TOOL DEVELOPED AT CEDARS-SINAI-CEDARS-SINAI CANCER INVESTIGATORS IDENTIFIED BIOMARKERS FOR PREDICTING PANCREATIC CANCER SURVIVAL MORE ACCURATELY THAN CURRENT STANDARDS OF TESTING. THEIR RESEARCH, PUBLISHED IN NATURE CANCER, DEMONSTRATES THE VIABILITY OF A TOOL THAT CAN BE USED TO STUDY ANY TUMOR TYPE AND COULD ONE DAY GUIDE AND IMPROVE TREATMENT FOR ALL CANCER PATIENTS.(SEE SCHEDULE O FOR CONTINUATION)(CONTINUED)THREE NEW STUDIES BY CEDARS-SINAI INVESTIGATORS HAVE DEEPENED ITS KNOWLEDGE ABOUT THE EYE-BRAIN CONNECTION, WHICH COULD ENABLE EARLIER DIAGNOSIS OF ALZHEIMER'S DISEASE-A KEY FACTOR IN DEVELOPING EFFECTIVE TREATMENTS.CEDARS-SINAI GUERIN CHILDREN'S NEWLY ESTABLISHED DEVELOPMENTAL BIOLOGY AND REGENERATIVE PEDIATRICS CENTER BRINGS TOGETHER INVESTIGATORS STUDYING CELLULAR PROCESSES IN DEVELOPMENT AND RENEWAL.CEDARS-SINAI RESEARCHERS HAVE DISCOVERED WHICH BRAIN CELLS ARE RESPONSIBLE FOR THE STORAGE OF INFORMATION IN SHORT-TERM MEMORY, WHICH IS VITAL FOR PERFORMING TASKS AND MAKING DECISIONS. THE TEAM ALSO DEFINED THE ROLE OF THESE CELLS IN RETAINING A MEMORY ONCE IT IS FORMED, THE DISRUPTION OF WHICH IS ASSOCIATED WITH CONDITIONS SUCH AS ALZHEIMER'S DISEASE AND ATTENTION-DEFICIT/HYPERACTIVITY DISORDER. UNDERSTANDING HOW WORKING MEMORY IS CONTROLLED WILL BE FUNDAMENTAL TO DEVELOPING NEW TREATMENTS FOR THESE AND OTHER NEUROLOGICAL CONDITIONS.

    Expenses $407,032,629 · Grants $319,750 · Revenue $264,175,270

  • TRAINING FOR PHYSICIANS AND OTHER HEALTH PROFESSIONALS:IN FISCAL YEAR 2024, CEDARS-SINAI'S NET COST OF PROVIDING THESE TRAINING PROGRAMS WAS $116,985,086. AMONG CEDARS-SINAI'S CLINICAL NURSES, 94% HAVE A BSN OR HIGHER DEGREE, WITH 19% HAVING EARNED MASTER'S OR DOCTORAL DEGREES AND 81% HOLDING A SPECIALTY CERTIFICATION. THIS YEAR ALSO MARKS THE 30TH ANNIVERSARY OF NURSING RESEARCH AT CEDARS-SINAI THROUGH THE GERI AND RICHARD BRAWERMAN (SEE SCHEDULE O FOR CONTINUATION)(CONTINUED)NURSING INSTITUTE, WHICH MAINTAINS A ROBUST, ACCREDITED NEW-GRADUATE RN RESIDENCY PROGRAM. CEDARS-SINAI IS ONE OF ONLY 17 ORGANIZATIONS WORLDWIDE TO ACHIEVE SIX MAGNET DESIGNATIONS FOR NURSING EXCELLENCE, PLACING CEDARS-SINAI AMONG AN EXCLUSIVE COHORT OF LESS THAN 1% OF HOSPITALS WORLDWIDE.CEDARS-SINAI'S NEXT GENERATION HEALTHCARE PATHWAYS INSPIRES, EDUCATES, AND EMPOWERS LOCAL HIGH SCHOOL AND COLLEGE STUDENTS WHILE CREATING A PIPELINE FOR A HEALTHCARE WORKFORCE THAT REFLECTS THE COMMUNITY WE SERVE.CEDARS-SINAI'S DISCOVERY-TO-DEVELOPMENT PIPELINE TRANSLATES THE CANCER BIOLOGY PROGRAM'S LABORATORY BREAKTHROUGHS INTO CLINICAL TREATMENTS AND CURES. IN JUST FIVE YEARS, THE PROGRAM'S TEAM HAS ADDED TO THE GLOBAL ANTI-CANCER KNOWLEDGE BASE BY GENERATING MORE THAN 378 PEER-REVIEWED PUBLICATIONS AND TRAINING THE NEXT GENERATION OF PHYSICIAN-SCIENTISTS.CEDARS-SINAI'S HIGHLY COMPETITIVE MEDICAL TRAINING PROGRAMS COMPRISE 16 RESIDENCIES AND 72 FELLOWSHIPS-INCLUDING THE RELAUNCHED PEDIATRIC RESIDENCY TRAINING PROGRAM. ENROLLMENT IN CEDARS-SINAI'S MASTER'S DEGREE PROGRAMS AND PHD PROGRAMS CONTINUES TO GROW. IN ADDITION, ITS CONTINUING MEDICAL EDUCATION PROGRAM EARNED JOINT ACCREDITATION WITH COMMENDATION, THE HIGHEST LEVEL ATTAINABLE.

    Expenses $133,565,576 · Grants $2,656,152 · Revenue $16,580,490

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Thomas M Priselac

    PRESIDENT/CEO

    Total calculated
    $8,808,801
    From this org
    $7,559,774
    From related orgs
    $0
    Other
    $1,249,027
    Hours/week
    58 + 9 related

    Schedule J breakdown matched by us

    Base
    $2,463,228
    Bonus
    $3,478,690
    Other
    $1,617,856
    Deferred
    $1,229,126
    Nontaxable benefits
    $19,901
    Filer's total
    $8,808,801

  • Steven Romick

    VICE CHAIR/SECRETARY/BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5 + 2 related

  • John Bendheim

    SECRETARY/BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Sonu Ahluwalia MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Mohamed Mike Ahmar

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4 + 2 related

  • Monique Araya MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Laura W Brill

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4 + 2 related

  • Marc Edelstein MD

    CHIEF OF STAFF/BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Ari Engelberg

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Abby Feinman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4 + 2 related

  • Jose E Feliciano

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Laura Livingston Fox

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Johanna Fuentes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Kimberly Gregory MD MPH

    STAFF PHYS./BOARD MEMBER

    Total calculated
    $744,410
    From this org
    $672,292
    From related orgs
    $0
    Other
    $72,118
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $508,117
    Bonus
    $103,640
    Other
    $60,535
    Deferred
    $46,200
    Nontaxable benefits
    $25,918
    Filer's total
    $744,410

  • Vera Guerin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Eric Holoman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • David B Kaplan

    CHAIR/VICE CHAIR/BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5 + 3 related

  • Irene Kim MD

    STAFF PHYS./BOARD MEMBER

    Total calculated
    $1,205,876
    From this org
    $1,147,994
    From related orgs
    $0
    Other
    $57,882
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $840,715
    Bonus
    $205,463
    Other
    $101,816
    Deferred
    $34,242
    Nontaxable benefits
    $23,640
    Filer's total
    $1,205,876

  • Michelle Kittleson MD PhD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Thomas J Leanse Esq

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4 + 3 related

  • David B Lee MD MPH MBA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Debra Lee Esq

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Jose De Jesus Legaspi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • James M Lippman

    CHAIR/BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5 + 5 related

  • Joshua Lobel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Peggy Miles MD

    STAFF PHYS./BOARD MEMBER

    Total calculated
    $470,047
    From this org
    $421,321
    From related orgs
    $0
    Other
    $48,726
    Hours/week
    50 + 2 related

    Schedule J breakdown matched by us

    Base
    $326,127
    Bonus
    $70,752
    Other
    $24,442
    Deferred
    $40,900
    Nontaxable benefits
    $7,826
    Filer's total
    $470,047

  • Zuri Murrell MD

    MEDICAL DIRECTOR/BOARD MEMBER

    Total calculated
    $28,779
    From this org
    $27,941
    From related orgs
    $0
    Other
    $838
    Hours/week
    7

  • Julie B Platt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Lawrence B Platt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4 + 3 related

  • Susan Rabizadeh MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4 + 1 related

  • Marc H Rapaport

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4 + 3 related

  • David Rhew MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Kenneth Samet Fache

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Gina Sanchez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Adam Selkowitz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Mark S Siegel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4 + 2 related

  • G Gabrielle Gabi Starr PhD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Emmeline Widjaja

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Jay Wintrob

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Clement Yang MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • David M Wrigley

    CHIEF FINANCIAL OFFICER

    Total calculated
    $3,198,667
    From this org
    $2,858,771
    From related orgs
    $0
    Other
    $339,896
    Hours/week
    55 + 11 related

    Schedule J breakdown matched by us

    Base
    $969,498
    Bonus
    $1,107,948
    Other
    $781,325
    Deferred
    $314,509
    Nontaxable benefits
    $25,387
    Filer's total
    $3,198,667

  • Bryan Croft

    CHIEF OPERATING OFFICER

    Total calculated
    $1,756,104
    From this org
    $1,635,422
    From related orgs
    $0
    Other
    $120,682
    Hours/week
    55 + 2 related

    Schedule J breakdown matched by us

    Base
    $816,612
    Bonus
    $375,730
    Other
    $443,080
    Deferred
    $89,704
    Nontaxable benefits
    $30,978
    Filer's total
    $1,756,104

  • Shlomo Melmed MD

    CHIEF ACADEMIC OFFICER

    Total calculated
    $4,249,450
    From this org
    $3,647,188
    From related orgs
    $0
    Other
    $602,262
    Hours/week
    55 + 2 related

    Schedule J breakdown matched by us

    Base
    $1,475,120
    Bonus
    $1,423,165
    Other
    $748,903
    Deferred
    $583,900
    Nontaxable benefits
    $18,362
    Filer's total
    $4,249,450

  • Eduardo Marban MD

    EXEC DIRECTOR-HEART INSTITUTE

    Total calculated
    $5,390,749
    From this org
    $5,100,494
    From related orgs
    $0
    Other
    $290,255
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $3,001,472
    Bonus
    $579,688
    Other
    $1,519,334
    Deferred
    $264,703
    Nontaxable benefits
    $25,552
    Filer's total
    $5,390,749

  • Keith Black MD

    CHAIR-NEUROSURGERY

    Total calculated
    $4,033,031
    From this org
    $3,784,903
    From related orgs
    $0
    Other
    $248,128
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $2,471,160
    Bonus
    $577,692
    Other
    $736,051
    Deferred
    $222,502
    Nontaxable benefits
    $25,626
    Filer's total
    $4,033,031

  • Rajendra Makkar MD

    EXEC DIRECTOR-CARDIAC INTERVENTIONAL

    Total calculated
    $3,923,343
    From this org
    $3,739,602
    From related orgs
    $0
    Other
    $183,741
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,412,467
    Bonus
    $1,228,659
    Other
    $1,098,476
    Deferred
    $150,297
    Nontaxable benefits
    $33,444
    Filer's total
    $3,923,343

  • Joanna Chikwe MD

    CHAIR-CARDIAC SURGERY

    Total calculated
    $3,281,310
    From this org
    $3,126,964
    From related orgs
    $0
    Other
    $154,346
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $2,052,273
    Bonus
    $572,494
    Other
    $502,197
    Deferred
    $135,331
    Nontaxable benefits
    $19,015
    Filer's total
    $3,281,310

  • Bruce Gewertz MD

    EXEC VICE DEAN-CLINICAL SYS DEV

    Total calculated
    $3,324,157
    From this org
    $2,902,936
    From related orgs
    $0
    Other
    $421,221
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $2,166,822
    Bonus
    $469,237
    Other
    $266,877
    Deferred
    $392,698
    Nontaxable benefits
    $28,523
    Filer's total
    $3,324,157

  • Edward M Prunchunas

    FORMER OFFICER

    Total calculated
    $1,698,851
    From this org
    $1,424,344
    From related orgs
    $0
    Other
    $274,507
    Hours/week
    18 + 2 related

    Schedule J breakdown matched by us

    Base
    $337,638
    Bonus
    $1,000,000
    Other
    $86,706
    Deferred
    $263,975
    Nontaxable benefits
    $10,532
    Filer's total
    $1,698,851

  • Jeffrey Smith MD JD Mmm

    FORMER KEY EMPLOYEE

    Total calculated
    $2,462,824
    From this org
    $2,449,560
    From related orgs
    $0
    Other
    $13,264
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $579,229
    Bonus
    $591,985
    Other
    $1,278,346
    Deferred
    $942
    Nontaxable benefits
    $12,322
    Filer's total
    $2,462,824

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

  • 1a · First-class or charter travel
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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)

PART I, LINE 1A
THE ORGANIZATION'S TRAVEL POLICY CONTAINS A PROVISION THAT ALLOWS FLYING FIRST CLASS FOR ANY ONE-WAY FLIGHT THAT IS LONGER THAN EIGHT HOURS. EXCEPTIONS REQUIRE SENIOR EXECUTIVE APPROVAL. THE OFFICERS, DIRECTORS, KEY EMPLOYEES AND HIGHEST-COMPENSATED EMPLOYEES HAVE, FROM TIME TO TIME, FLOWN FIRST CLASS AS ALLOWED BY THE TRAVEL POLICY.
PART I, LINES 4A-B
THERE ARE TWO NONQUALIFIED DEFERRED COMPENSATION PLANS IN WHICH ONE OR MORE OF THE LISTED PERSONS PARTICIPATE. THE FIRST PLAN IS A DEFERRED COMPENSATION PLAN. THIS IS A "GRANDFATHERED" TRADITIONAL DEFINED BENEFIT PLAN (NO NEW PARTICIPANTS HAVE BEEN ADDED SINCE 1986). THE BENEFIT FORMULA IS A PERCENTAGE OF THE HIGHEST FIVE YEARS AVERAGE ANNUAL SALARY TIMES THE NUMBER OF YEARS OF ELIGIBLE SERVICE, WITH A MAXIMUM CREDITED SERVICE OF 30 YEARS. THE SECOND PLAN IS A SUPPLEMENTAL RETIREMENT ALLOWANCE THAT IS PAYABLE DIRECTLY TO THE PARTICIPANTS EACH QUARTER. THE BENEFIT FORMULA FOR THIS PLAN HAS ANNUAL CONTRIBUTIONS THAT ARE EITHER A PERCENTAGE OF SALARY, OR ARE DESIGNED TO FUND A PERCENTAGE OF THE ESTIMATED FINAL 5-YEAR AVERAGE SALARY. CERTAIN INDIVIDUALS ALSO RECEIVED PAYOUTS FROM AMOUNTS ACCRUED IN PRIOR YEARS. IN ADDITION, SIX INDIVIDUALS HAVE RETENTION INCENTIVES WHICH HAD CLIFF-VESTING DATES DURING CALENDAR YEAR 2023. THE FOLLOWING OFFICERS, DIRECTORS, KEY EMPLOYEES AND HIGHEST-COMPENSATED EMPLOYEES RECEIVED PAYMENTS DURING THE YEAR ENDED DECEMBER 31, 2023 RELATED TO THE PLANS REFERENCED ABOVE. THESE PAYMENTS ARE INCLUDED IN SCHEDULE J, PART II AND ARE NOT INCREMENTAL PAYMENTS. IN ADDITION, ONE EMPLOYEE RECEIVED SEVERANCE PAYMENT. KEITH BLACK, MD 721,038 JOANNA CHIKWE, MD 422,120 BRYAN CROFT 441,756 BRUCE GEWERTZ, MD 254,104 KIMBERLY GREGORY, MD, MPH 58,336 IRENE KIM, MD 86,318 RAJENDRA MAKKAR, MD 1,097,945 EDUARDO MARBAN, MD 1,445,186 SHLOMO MELMED, MD 716,931 PEGGY MILES, MD 20,867 THOMAS M. PRISELAC 1,468,376 EDWARD M. PRUNCHUNAS 77,282 JEFFREY SMITH, MD, JD, MMM 1,232,967 DAVID M. WRIGLEY 780,160

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

  • PCX SYSTEMS LLC

    HOSPITAL BILLING · DE · income $75,882 · assets $0

    Directly controlled by CEDARS-SINAI MEDICAL CENTER

  • RECS LLC

    HOLDING COMPANY · DE · income $0 · assets $0

    Directly controlled by CEDARS-SINAI MEDICAL CENTER

  • BEVERLY HILLS TECHNICAL IMAGING LLC

    HOLDING COMPANY · CA · income $2,252,693 · assets $0

    Directly controlled by CEDARS-SINAI MEDICAL CENTER

  • 8701-8709 BEVERLY LLC

    HOLDING COMPANY · CA · income $378,432 · assets $13,100,179

    Directly controlled by CEDARS-SINAI MEDICAL CENTER

  • 3400 LOMITA SOUTH LLC

    HOLDING COMPANY · CA · income $2,212,496 · assets $32,912,462

    Directly controlled by CEDARS-SINAI MEDICAL CENTER

  • 3440 LOMITA NORTH LLC

    HOLDING COMPANY · CA · income $2,407,644 · assets $39,343,958

    Directly controlled by CEDARS-SINAI MEDICAL CENTER

Related partnerships

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

  • ENDOSCOPY CENTER OF SANTA MONICA LLC

    RELATED · ENDOSCOPIES AND THE RELATED PROCEDURES · CA · 57.5% owned · share of income $766,610 · share of assets $3,195,992 · general or managing partner

    Directly controlled by CEDARS-SINAI MEDICAL CENTER

  • ISS ASC HOLDINGS LLC

    RELATED · INVESTMENT IN HEALTHCARE SERVICES · CA · 83.82% owned · share of income $3,389,733 · share of assets $22,658,430

    Directly controlled by CEDARS-SINAI MEDICAL CENTER

  • INTERNATIONAL SPINE & ORTHOPEDIC INSTITUTE LLC

    RELATED · SPINE AND ORTHOPEDIC INSTITUTE · DE · 82.37% owned · share of income -$376,946 · share of assets $8,654,439

    Directly controlled by CEDARS-SINAI MEDICAL CENTER

  • SANTA MONICA IMAGING GROUP LLC

    RELATED · IMAGING CENTER · CA · 51% owned · share of income $3,239,320 · share of assets $29,954,345

    Directly controlled by CEDARS-SINAI MEDICAL CENTER

  • CS-BH ASC HOLDINGS LLC

    RELATED · HOLDING COMPANY · CA · 85% owned · share of income $3,929,816 · share of assets $16,463,044

    Directly controlled by CEDARS-SINAI MEDICAL CENTER

  • TORRANCE MEMORIAL SURGICAL CENTER LLC I

    OUTPATIENT SURGICAL SERVICES · CA

  • 3565 DEL AMO ASSOCIATES A CALIFORNIA LIMITED PARTNERSHIP

    RENTAL REAL ESTATE · CA

  • 90210 ASC VENTURE LLC

    AMBULATORY SURGERY CENTER · CA

  • HUNTINGTON AMBULATORY SURGERY CENTER LLC

    AMBULATORY SURGERY CENTER · CA

  • ABCENTRA LLC

    RELATED · RESEARCH AND DEVELOPMENT · DE · 69.44% owned · share of income -$1,165,768 · share of assets $8,420,977

    Directly controlled by CEDARS-SINAI MEDICAL CENTER

  • TIA-CEDARS MANAGEMENT SERVICES ORGANIZATION LLC

    RELATED · INVESTMENT IN HEALTHCARE SERVICES · CA · 60% owned · share of income -$5,957,737 · share of assets $17,251,711

    Directly controlled by CEDARS-SINAI MEDICAL CENTER

  • K HEALTH-CEDARS MANAGEMENT SERVICES ORGANIZATION LLC

    RELATED · HEALTHCARE MANAGEMENT SERVICES · CA · 51% owned · share of income -$1,891,815 · share of assets $3,224,260

    Directly controlled by CEDARS-SINAI MEDICAL CENTER

  • PASADENA ASC VENTURE LLC

    RELATED · HOLDING COMPANY FOR AMBULATORY SURGERY CENTERS · CA · 51% owned

    Directly controlled by CEDARS-SINAI MEDICAL CENTER

Related corporations and trusts

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

  • OPTIMATRIX HEALTH SOLUTIONS INC

    C · INACTIVE · CA · 100% owned · controlled entity

    Directly controlled by CEDARS-SINAI MEDICAL CENTER

  • OTOHARMONICS CORPORATION

    C · INACTIVE · DE · 91.3% owned · share of income $205,425 · controlled entity

    Directly controlled by CEDARS-SINAI MEDICAL CENTER

  • CHARITABLE REMAINDER TRUSTS (CRAT-5 CRUT-5)

    T · TRUST · CA

  • CHARITABLE LEAD TRUSTS (1)

    T · TRUST · CA

  • CONGRESS SERVICES CORPORATION

    C · MANAGEMENT SERVICES · CA · controlled entity

  • GRAVIDAS DIAGNOSTICS INC

    C · MEDICAL EQUIPMENT AND SUPPLIES MANUFACTURING · DE · controlled entity

  • THIRD STREET INSURANCE COMPANY (SAC) LTD

    C · CAPTIVE INSURANCE · BD · controlled entity

  • LIQUID LOAN OPPORTUNITIES FUND LP

    C · INVESTMENTS · CJ · 59.21% owned · share of assets $25,958,684 · controlled entity

    Directly controlled by CEDARS-SINAI MEDICAL CENTER

  • CORONET VENTURES (SINGAPORE) PTE LTD

    C · HEALTHCARE AND BIOMEDICAL INNOVATION INVESTMENTS · SN · controlled entity

  • CEDARS-SINAI UK LTD

    C · CLINIC OPERATOR · UK · 100% owned · controlled entity

    Directly controlled by CEDARS-SINAI MEDICAL CENTER

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202511339349309551

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.