Skip to content
Nonprofiteer
← CEDARS-SINAI MEDICAL CENTER

Form 990 for tax year 2022

Filed by CEDARS-SINAI MEDICAL CENTER.

Totals

Total revenue
$4,655,895,710
Total expenses
$4,157,965,052
Contributions and grants received
$366,171,602
Grants paid
$21,137,442
Program service revenue
$4,158,689,728
Investment income
$80,379,292
Other revenue
$50,655,088
Total assets, end of year
$11,195,401,380
Total liabilities, end of year
$3,320,261,875
Net assets or fund balances, end of year
$7,875,139,505
Program services expenses (Part IX)
$3,561,727,300
Management and general expenses
$576,771,359
Fundraising expenses
$19,466,393
Program service expenses (Part III)
$3,561,727,300

Program services were 85.7% 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

    $1,393,317

  • 1e · Government grants (contributions)

    $124,875,855

  • 1f · All other contributions, gifts and grants

    $239,902,430

  • 1g · Noncash contributions included above

    $37,676,487

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

    total $2,991,895,478 · related or exempt $2,991,895,478

  • 2b · Program service revenue: MEDICARE & MEDICAID

    total $949,449,167 · related or exempt $949,449,167

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

    total $146,274,298 · related or exempt $146,274,298

  • 2d · Program service revenue: PREMIUM REVENUE

    total $34,910,085 · related or exempt $34,910,085

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

    total $13,920,339 · related or exempt $13,920,339

  • 2f · All other program service revenue

    total $22,240,361 · related or exempt $22,240,361

  • 3 · Investment income

    total $71,998,709 · excluded $71,998,709

  • 5 · Royalties

    total $7,634,007 · excluded $7,634,007

  • 7a · Gross sales of assets other than inventory

    securities $8,380,583

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

    securities $0

  • 7c · Gain or loss

    securities $8,380,583

  • 7d · Net gain or loss

    total $8,380,583 · excluded $8,380,583

  • 8a · Fundraising events: gross income

    $511,400

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

    $1,393,317

  • 8b · Fundraising events: direct expenses

    $1,361,495

  • 8c · Net income from fundraising events

    total -$850,095 · excluded -$850,095

  • 11a · Other revenue: LABORATORY REVENUE

    total $26,055,305 · unrelated business $26,055,305

  • 11b · Other revenue: PARKING REVENUE

    total $12,368,678 · excluded $12,368,678

  • 11c · Other revenue: ADVISORY SERVICE REVENUE

    total $3,313,196 · unrelated business $3,313,196

  • 11d · All other revenue

    total $2,133,997 · unrelated business $2,133,997

  • 11e · Other revenue, total

    $43,871,176

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $21,117,442 · program services $21,117,442

  • 3 · Grants to foreign organizations and individuals

    total $20,000 · program services $20,000

  • 5 · Compensation of officers, directors and key employees

    total $21,276,617 · program services $11,470,309 · management and general $9,806,308

  • 6 · Compensation of disqualified persons

    total $995,598 · program services $995,598

  • 7 · Other salaries and wages

    total $1,621,053,580 · program services $1,428,080,792 · management and general $179,225,465 · fundraising $13,747,323

  • 8 · Pension plan contributions

    total $151,900,945 · program services $129,641,383 · management and general $22,259,562

  • 9 · Other employee benefits

    total $139,166,819 · program services $131,096,374 · management and general $4,057,521 · fundraising $4,012,924

  • 10 · Payroll taxes

    total $121,653,254 · program services $103,806,028 · management and general $17,847,226

  • 11a · Fees: management

    total $22,389,650 · program services $22,389,650

  • 11b · Fees: legal

    total $18,874,012 · program services $183,984 · management and general $18,690,028

  • 11c · Fees: accounting

    total $1,462,672 · program services $1,600 · management and general $1,461,072

  • 11d · Fees: lobbying

    total $1,387,465 · program services $1,387,465

  • 11e · Fees: professional fundraising services

    total $67,874 · fundraising $67,874

  • 11g · Fees: other

    total $311,033,258 · program services $226,853,861 · management and general $83,393,639 · fundraising $785,758

  • 12 · Advertising and promotion

    total $26,225,173 · program services $2,200,529 · management and general $24,024,644

  • 13 · Office expenses

    total $44,947,225 · program services $35,981,363 · management and general $8,795,386 · fundraising $170,476

  • 14 · Information technology

    total $224,981,657 · program services $172,635,876 · management and general $52,345,781

  • 16 · Occupancy

    total $73,849,627 · program services $59,337,158 · management and general $14,508,935 · fundraising $3,534

  • 17 · Travel

    total $8,671,086 · program services $6,684,735 · management and general $1,873,698 · fundraising $112,653

  • 19 · Conferences, conventions and meetings

    total $3,545,663 · program services $1,510,966 · management and general $1,845,397 · fundraising $189,300

  • 20 · Interest

    total $58,565,376 · program services $23,613,128 · management and general $34,952,248

  • 22 · Depreciation, depletion and amortization

    total $220,431,176 · program services $190,258,238 · management and general $30,099,073 · fundraising $73,865

  • 23 · Insurance

    total $44,593,977 · program services $41,217,374 · management and general $3,361,630 · fundraising $14,973

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $609,821,489 · program services $608,975,757 · management and general $845,732

  • 24b · Other expenses: RESTRICTED FUND EXPENSE

    total $227,118,326 · program services $227,118,326

  • 24c · Other expenses: MISCELLANEOUS

    total $121,940,130 · program services $60,482,698 · management and general $61,386,752 · fundraising $70,680

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

    total $44,380,601 · program services $44,380,601

  • 24e · All other expenses

    total $16,494,360 · program services $10,286,065 · management and general $5,991,262 · fundraising $217,033

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $984,390,940 · end of year $1,786,271,890

  • 3 · Pledges and grants receivable

    beginning of year $285,665,907 · end of year $297,218,088

  • 4 · Accounts receivable

    beginning of year $789,346,681 · end of year $776,569,617

  • 5 · Loans and receivables from officers and key people

    beginning of year $2,475,230 · end of year $1,785,230

  • 7 · Other notes and loans receivable

    beginning of year $23,866,038 · end of year $72,778,135

  • 8 · Inventories for sale or use

    beginning of year $38,480,808 · end of year $42,108,167

  • 9 · Prepaid expenses and deferred charges

    beginning of year $76,004,164 · end of year $104,343,375

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

    $5,541,274,845

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

    $2,597,895,672

  • 10c · Land, buildings and equipment, net

    beginning of year $2,787,944,318 · end of year $2,943,379,173

  • 11 · Investments: publicly traded securities

    beginning of year $3,000,782,262 · end of year $3,041,396,835

  • 12 · Investments: other securities

    beginning of year $795,847,879 · end of year $1,037,832,089

  • 13 · Investments: program-related

    beginning of year $531,449,908 · end of year $588,177,468

  • 14 · Intangible assets

    beginning of year $46,462,150 · end of year $38,883,146

  • 15 · Other assets

    beginning of year $506,666,428 · end of year $464,658,167

  • 17 · Accounts payable and accrued expenses

    beginning of year $907,773,820 · end of year $866,314,865

  • 20 · Tax-exempt bond liabilities

    beginning of year $1,025,782,117 · end of year $977,536,138

  • 23 · Secured mortgages and notes payable

    beginning of year $82,040,483 · end of year $62,912,646

  • 25 · Other liabilities

    beginning of year $1,486,777,527 · end of year $1,413,498,226

  • 27 · Net assets without donor restrictions

    beginning of year $5,311,788,955 · end of year $6,773,818,896

  • 28 · Net assets with donor restrictions

    beginning of year $1,055,219,811 · end of year $1,101,320,609

Mission and programs · 2022

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 EQUITY AND 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.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $3,129,226,899 · Grants $19,332,467 · Revenue $3,962,335,184

  • RESEARCH:IN FISCAL YEAR 2023, CEDARS-SINAI'S TOTAL COST OF RESEARCH WAS $136,890,994 , INCLUDING 386 NATIONAL INSTITUTES OF HEALTH GRANTS AND OTHER GRANTS TOTALING $180,898,056 . WITH A FIVE-YEAR $11.2 MILLION NATIONAL CANCER INSTITUTE GRANT, CEDARS-SINAI CANCER INVESTIGATORS INTENSIFIED THEIR RESEARCH ON HOW BIOLOGICAL DIFFERENCES BETWEEN MEN AND WOMEN AFFECT BLADDER CANCER, (SEE SCHEDULE O FOR CONTINUATION)(CONTINUED)WITH THE GOAL OF SHAPING THERAPIES TO IMPROVE PATIENT OUTCOMES. NEUROSURGEONS AT CEDARS-SINAI IDENTIFIED AN IMMUNE CELL SUBTYPE IN THE RETINA THAT IS LINKED TO CHANGES CAUSED BY ALZHEIMER'S DISEASE-AND POTENTIALLY NUMEROUS EYE DISORDERS.A STUDY BY INVESTIGATORS IN THE CEDARS-SINAI DEPARTMENT OF OBSTETRICS AND GYNECOLOGY FOUND THAT BLACK AND LATINA PATIENTS ARE SIGNIFICANTLY LESS LIKELY THAN WHITE PATIENTS TO UNDERGO MINIMALLY INVASIVE SURGERY FOR UTERINE FIBROIDS. FURTHER RESEARCH IS ONGOING TO IDENTIFY PATHWAYS FOR ALL WOMEN TO HAVE EQUAL ACCESS TO HIGH-QUALITY, EVIDENCE-BASED CARE.NEW ANALYSES FROM THE SMIDT HEART INSTITUTE FOUND THAT DEATHS FROM HEART ATTACKS ROSE DURING COVID-19 SURGES-MOST SIGNIFICANTLY FOR THOSE WHO ARE BETWEEN 25 AND 44 YEARS OLD-REVERSING A PRE-PANDEMIC TREND OF DECLINING DEATHS DUE TO CARDIAC ARRESTS.A BLOOD TEST DISCOVERED BY CEDARS-SINAI INVESTIGATORS CAN NOW IDENTIFY PREGNANT WOMEN AT RISK OF DEVELOPING THE LIFE-THREATENING BLOOD PRESSURE DISORDER PREECLAMPSIA. THE TEST HAS BEEN APPROVED BY THE U.S. FOOD AND DRUG ADMINISTRATION.

    Expenses $310,415,180 · Grants $374,750 · Revenue $180,898,056

  • TRAINING FOR PHYSICIANS AND OTHER HEALTH PROFESSIONALS:IN FISCAL YEAR 2023, CEDARS-SINAI'S NET COST OF PROVIDING THESE TRAINING PROGRAMS WAS $106,628,733. GRADUATE SCHOOL ENROLLMENT IN CEDARS-SINAI'S MASTER'S IN HEALTH DELIVERY SCIENCE, MASTER'S IN MAGNETIC RESONANCE IN MEDICINE AND PHD PROGRAMS CONTINUES TO GROW. TWENTY-NINE STUDENTS GRADUATED FROM THESE PROGRAMS IN FY23.(SEE SCHEDULE O FOR CONTINUATION)(CONTINUED)CEDARS-SINAI'S NEW DIVERSITY, EQUITY AND INCLUSION AMBASSADORS PROGRAM ENGAGED RESIDENTS FROM HISTORICALLY MARGINALIZED GROUPS THROUGH MENTORSHIP, OUTREACH AND EDUCATION. IN FY23, MORE THAN 100 APPLICANTS VIED FOR EACH AVAILABLE RESIDENCY SPOT AT CEDARS-SINAI, AND CEDARS-SINAI INTERVIEWED THE MOST DIVERSE GROUP OF CANDIDATES EVER.THE WOMEN'S GUILD SIMULATION CENTER FOR ADVANCED CLINICAL SKILLS CELEBRATED ITS 10TH ANNIVERSARY. OVER THE PAST DECADE, THE CENTER HAS HELPED 150,000 HEALTH PROFESSIONALS-AND THOUSANDS OF STUDENTS-LEARN NEW TECHNIQUES, IMPROVE EXISTING PRACTICES AND HEIGHTEN TEAM PERFORMANCE. MORE THAN 1,000 PEOPLE TRAIN IN THE CENTER EACH MONTH.THE INNOVATIVE DIVERSITY, EQUITY AND INCLUSION TRANSITION TO PRACTICE PROGRAM AT CEDARS-SINAI SUPPORTED PROMISING NURSES WHO HAVE EXPERIENCE, BUT NOT IN AN INPATIENT SETTING. THE PROGRAM HAS PROVIDED MENTORSHIP TO MORE THAN 30 NURSES TO DATE, ADVANCING THEM TO NEW LEVELS OF EXPERTISE WHILE ALSO HELPING TO ADDRESS A NATIONAL NURSING SHORTAGE.EIGHTY-FOUR PERCENT OF NEUROSURGERY RESIDENCY APPLICANTS IN THE U.S. APPLIED FOR ONE OF TWO SPOTS AVAILABLE AT CEDARS-SINAI, WHILE 502 APPLICANTS SOUGHT ONE OF ITS FIVE NEUROLOGY RESIDENCY SLOTS.CEDARS-SINAI FACULTY PROVIDED EXTENSIVE, HIGHLY COMPETITIVE MEDICAL TRAINING PROGRAMS FOR PHYSICIANS AND HEALTH PROFESSIONALS IN 88 SPECIALTY AND SUBSPECIALTY AREAS. NEW PROGRAMS IN PEDIATRICS AND NEUROCRITICAL CARE WERE APPROVED BY THE ACCREDITATION COUNCIL FOR GRADUATE MEDICAL EDUCATION (ACGME).

    Expenses $122,085,221 · Grants $1,430,225 · Revenue $15,456,488

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Thomas M Priselac

    PRESIDENT/CEO

    Total calculated
    $6,625,477
    From this org
    $5,857,203
    From related orgs
    $0
    Other
    $768,274
    Hours/week
    58 + 9 related

    Schedule J breakdown matched by us

    Base
    $2,281,516
    Bonus
    $2,201,607
    Other
    $1,374,080
    Deferred
    $740,266
    Nontaxable benefits
    $28,008
    Filer's total
    $6,625,477

  • Steven Romick

    BOARD MEMBER/SECRETARY

    Total calculated
    $0
    Hours/week
    5 + 2 related

  • Mohamed Mike Ahmar

    BOARD MEMBER/SECRETARY

    Total calculated
    $0
    Hours/week
    5 + 2 related

  • Sonu Ahluwalia MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Monique Araya MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • John Bendheim

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4 + 1 related

  • Laura W Brill

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4 + 2 related

  • Dale Cochran

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Marc Edelstein MD

    CHIEF OF STAFF/BOARD MEMBE

    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

  • Jose E Feliciano

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Laura Livington Fox

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Johanna Fuentes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Russell Goldsmith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Mark S Greenfield

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Kimberly Gregory MD MPH

    STAFF PHYS./BOARD MEMBER

    Total calculated
    $696,119
    From this org
    $628,728
    From related orgs
    $0
    Other
    $67,391
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $477,947
    Bonus
    $88,742
    Other
    $62,039
    Deferred
    $42,700
    Nontaxable benefits
    $24,691
    Filer's total
    $696,119

  • Vera Guerin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Eric Holoman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • David B Kaplan

    BOARD MEMBER/VICE CHAIR

    Total calculated
    $0
    Hours/week
    5 + 2 related

  • Jeffrey Katzenberg

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • 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

    BOARD MEMBER/CHAIRMAN

    Total calculated
    $0
    Hours/week
    5 + 3 related

  • Joshua Lobel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Peggy Miles MD

    STAFF PHYS./BOARD MEMBER

    Total calculated
    $475,526
    From this org
    $437,027
    From related orgs
    $0
    Other
    $38,499
    Hours/week
    50 + 2 related

    Schedule J breakdown matched by us

    Base
    $343,790
    Bonus
    $69,252
    Other
    $23,985
    Deferred
    $31,150
    Nontaxable benefits
    $7,349
    Filer's total
    $475,526

  • Zuri Murrell MD

    MEDICAL DIRECTOR/BOARD MEM

    Total calculated
    $28,537
    From this org
    $27,706
    From related orgs
    $0
    Other
    $831
    Hours/week
    8

  • Lawrence B Platt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4 + 3 related

  • Marc H Rapaport

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4 + 3 related

  • David Sadkin

    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
    $2,190,213
    From this org
    $1,947,870
    From related orgs
    $0
    Other
    $242,343
    Hours/week
    55 + 11 related

    Schedule J breakdown matched by us

    Base
    $842,159
    Bonus
    $398,603
    Other
    $707,108
    Deferred
    $214,265
    Nontaxable benefits
    $28,078
    Filer's total
    $2,190,213

  • Jeffrey Smith MD JD Mmm

    CHIEF OPERATING OFFICER

    Total calculated
    $2,045,344
    From this org
    $1,990,073
    From related orgs
    $0
    Other
    $55,271
    Hours/week
    55 + 2 related

    Schedule J breakdown matched by us

    Base
    $1,051,823
    Bonus
    $570,998
    Other
    $367,252
    Deferred
    $17,125
    Nontaxable benefits
    $38,146
    Filer's total
    $2,045,344

  • Bryan Croft

    CHIEF OPERATING OFFICER

    Total calculated
    $1,538,120
    From this org
    $1,429,270
    From related orgs
    $0
    Other
    $108,850
    Hours/week
    55 + 2 related

    Schedule J breakdown matched by us

    Base
    $665,472
    Bonus
    $340,817
    Other
    $422,981
    Deferred
    $66,620
    Nontaxable benefits
    $42,230
    Filer's total
    $1,538,120

  • Shlomo Melmed MD

    CHIEF ACADEMIC OFFICER

    Total calculated
    $3,622,979
    From this org
    $2,965,359
    From related orgs
    $0
    Other
    $657,620
    Hours/week
    55 + 2 related

    Schedule J breakdown matched by us

    Base
    $1,412,823
    Bonus
    $822,784
    Other
    $729,752
    Deferred
    $631,150
    Nontaxable benefits
    $26,470
    Filer's total
    $3,622,979

  • Eduardo Marban MD

    EXEC DIRECTOR-HEART INSTITUTE

    Total calculated
    $3,863,897
    From this org
    $3,771,428
    From related orgs
    $0
    Other
    $92,469
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $2,447,723
    Bonus
    $560,731
    Other
    $762,974
    Deferred
    $64,760
    Nontaxable benefits
    $27,709
    Filer's total
    $3,863,897

  • Keith Black MD

    CHAIR-NEUROSURGERY

    Total calculated
    $3,577,979
    From this org
    $3,671,423
    From related orgs
    $0
    Other
    -$93,444
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $2,383,276
    Bonus
    $559,768
    Other
    $728,379
    Deferred
    -$126,250
    Nontaxable benefits
    $32,806
    Filer's total
    $3,577,979

  • Joanna Chikwe MD

    CHAIR-CARDIAC SURGERY

    Total calculated
    $3,057,457
    From this org
    $2,934,192
    From related orgs
    $0
    Other
    $123,265
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,956,690
    Bonus
    $476,963
    Other
    $500,539
    Deferred
    $105,610
    Nontaxable benefits
    $17,655
    Filer's total
    $3,057,457

  • Rajendra Makkar MD

    EXEC DIRECTOR-CARDIAC INTERVENTIONAL

    Total calculated
    $2,909,120
    From this org
    $2,919,634
    From related orgs
    $0
    Other
    -$10,514
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,357,082
    Bonus
    $1,168,844
    Other
    $393,708
    Deferred
    -$42,173
    Nontaxable benefits
    $31,659
    Filer's total
    $2,909,120

  • Bruce Gewertz MD

    VICE DEAN-CLINICAL SYS DEV & FAC AFF

    Total calculated
    $2,638,271
    From this org
    $2,596,952
    From related orgs
    $0
    Other
    $41,319
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,909,181
    Bonus
    $422,201
    Other
    $265,570
    Deferred
    $5,898
    Nontaxable benefits
    $35,421
    Filer's total
    $2,638,271

  • Edward M Prunchunas

    FORMER OFFICER

    Total calculated
    $2,891,173
    From this org
    $2,734,586
    From related orgs
    $0
    Other
    $156,587
    Hours/week
    45 + 2 related

    Schedule J breakdown matched by us

    Base
    $978,626
    Bonus
    $582,201
    Other
    $1,173,759
    Deferred
    $142,603
    Nontaxable benefits
    $13,984
    Filer's total
    $2,891,173

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
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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, LINE 4B
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, FIVE INDIVIDUALS HAVE RETENTION INCENTIVES WHICH HAD CLIFF-VESTING DATES DURING CALENDAR YEAR 2022. THE FOLLOWING OFFICERS, DIRECTORS, KEY EMPLOYEES AND HIGHEST-COMPENSATED EMPLOYEES RECEIVED PAYMENTS DURING THE YEAR ENDED DECEMBER 31, 2022 RELATED TO THE PLANS REFERENCED ABOVE. THESE PAYMENTS ARE INCLUDED IN SCHEDULE J, PART II AND ARE NOT INCREMENTAL PAYMENTS. KEITH BLACK, MD 714,466 JOANNA CHIKWE, MD 419,933 BRYAN CROFT 380,603 BRUCE GEWERTZ, MD 254,104 KIMBERLY GREGORY, MD, MPH 60,112 RAJENDRA MAKKAR, MD 393,215 EDUARDO MARBAN, MD 623,698 SHLOMO MELMED, MD 713,092 PEGGY MILES, MD 20,501 THOMAS M. PRISELAC 1,234,854 EDWARD M. PRUNCHUNAS 849,453 JEFFREY SMITH, MD, JD, MMM 276,553 DAVID M. WRIGLEY 653,109 PART II, COLUMN C: THE NEGATIVE AMOUNTS IN SCHEDULE J PART II COLUMN C ARE RELATED TO A DECREASE IN ACTUARIAL VALUE OF THE ACCRUED BENEFITS OF A DEFERRED COMPENSATION PLAN.

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 $80,008 · 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 $13,315,169 · assets $21,983,885

    Directly controlled by CEDARS-SINAI MEDICAL CENTER

  • 8701-8709 BEVERLY LLC

    HOLDING COMPANY · CA · income $442,200 · assets $13,267,640

    Directly controlled by CEDARS-SINAI MEDICAL CENTER

  • 3400 LOMITA SOUTH LLC

    HOLDING COMPANY · CA · income $2,109,144 · assets $32,587,574

    Directly controlled by CEDARS-SINAI MEDICAL CENTER

  • 3440 LOMITA NORTH LLC

    HOLDING COMPANY · CA · income $3,082,000 · assets $39,268,544

    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 $873,883 · share of assets $3,968,018 · 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 $2,210,723 · share of assets $20,930,322

    Directly controlled by CEDARS-SINAI MEDICAL CENTER

  • INTERNATIONAL SPINE & ORTHOPEDIC INSTITUTE LLC

    RELATED · SPINE AND ORTHOPEDIC INSTITUTE · DE · 64.48% owned · share of income -$292,379 · share of assets $9,984,913

    Directly controlled by CEDARS-SINAI MEDICAL CENTER

  • SANTA MONICA IMAGING GROUP LLC

    RELATED · IMAGING CENTER · CA · 65% owned · share of income $1,817,683 · share of assets $5,421,111

    Directly controlled by CEDARS-SINAI MEDICAL CENTER

  • CS-BH ASC HOLDINGS LLC

    RELATED · HOLDING COMPANY · CA · 85% owned · share of income $3,469,262 · share of assets $14,309,195

    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 · 60.19% owned · share of income -$753,355 · share of assets $10,307,095

    Directly controlled by CEDARS-SINAI MEDICAL CENTER

  • TIA-CEDARS MANAGEMENT SERVICES ORGANIZATION LLC

    RELATED · INVESTMENT IN HEALTHCARE SERVICES · CA · 60% owned · share of income -$59,947 · share of assets $20,882,687

    Directly controlled by CEDARS-SINAI MEDICAL CENTER

  • K HEALTH-CEDARS MANAGEMENT SERVICES ORGANIZATION LLC

    RELATED · HEALTHCARE MANAGEMENT SERVICES · 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 assets $333,559 · controlled entity

    Directly controlled by CEDARS-SINAI MEDICAL CENTER

  • CHARITABLE REMAINDER TRUSTS (CRAT-5 CRUT-3)

    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

  • TRIAN PARTNERS II LTD

    C · INVESTMENTS · CJ · 62.11% owned · share of assets $34,311,847 · controlled entity

    Directly controlled by CEDARS-SINAI MEDICAL CENTER

  • LIQUID LOAN OPPORTUNITIES FUND LP

    C · INVESTMENTS · CJ · 59.28% owned · share of assets $23,132,540 · controlled entity

    Directly controlled by CEDARS-SINAI MEDICAL CENTER

  • CORONET VENTURES (SINGAPORE) PTE LTD

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

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202401359349311770

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.