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Form 990 for Fiscal Year Ending June 30, 2019

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Form 990 for Fiscal Year Ending June 30, 2019 PUBLIC DISCLOSURE COPY - STATE REGISTRATION NO. D 0035769 Return of Organization Exempt From Income Tax OMB No. 1545-0047 Form 990 Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations) 2018 Department of the Treasury | Do not enter social security numbers on this form as it may be made public. Open to Public Internal Revenue Service | Go to www.irs.gov/Form990 for instructions and the latest information. Inspection A For the 2018 calendar year, or tax year beginningJUL 1, 2018 and ending JUN 30, 2019 BCCheck if Name of organization D Employer identification number applicable: Address change CEDARS-SINAI MEDICAL CENTER Name change Doing business as 95-1644600 Initial return Number and street (or P.O. box if mail is not delivered to street address) Room/suite E Telephone number Final return/ 8700 BEVERLY BOULEVARD (310) 423-3277 termin- ated City or town, state or province, country, and ZIP or foreign postal code G Gross receipts $ 3,909,147,307. Amended return LOS ANGELES, CA 90048 H(a) Is this a group return Applica- tion F Name and address of principal officer:THOMAS M. PRISELACfor subordinates? ~~ Yes X No pending 8700 BEVERLY BLVD., L.A., CA 90048 H(b) Are all subordinates included? Yes No I Tax-exempt status: X 501(c)(3) 501(c) ()§ (insert no.) 4947(a)(1) or 527 If "No," attach a list. (see instructions) J Website: | WWW.CEDARS-SINAI.ORG H(c) Group exemption number | K Form of organization: XCorporation Trust Association Other | LMYear of formation: 1902 State of legal domicile: CA Part I Summary 1 Briefly describe the organization's mission or most significant activities: PROVIDING QUALITY HEALTHCARE IS OUR PRIORITY. WE ALSO IMPROVE HEALTH THROUGH BIOMEDICAL RESEARCH, 2 Check this box | if the organization discontinued its operations or disposed of more than 25% of its net assets. 3 Number of voting members of the governing body (Part VI, line 1a) ~~~~~~~~~~~~~~~~~~~~ 3 39 4 Number of independent voting members of the governing body (Part VI, line 1b) ~~~~~~~~~~~~~~ 4 28 5 Total number of individuals employed in calendar year 2018 (Part V, line 2a) ~~~~~~~~~~~~~~~~ 5 14805 6 Total number of volunteers (estimate if necessary) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 6 3548 7 a Total unrelated business revenue from Part VIII, column (C), line 12 ~~~~~~~~~~~~~~~~~~~~ 7a 30,410,661. Activities & Governance b Net unrelated business taxable income from Form 990-T, line 38 7b 0. Prior Year Current Year 8 Contributions and grants (Part VIII, line 1h) ~~~~~~~~~~~~~~~~~~~~~ 223,570,231. 213,483,256. 9 Program service revenue (Part VIII, line 2g) ~~~~~~~~~~~~~~~~~~~~~ 3,453,630,590. 3,407,039,453. 10 Investment income (Part VIII, column (A), lines 3, 4, and 7d) ~~~~~~~~~~~~~ 136,503,238. 216,690,769. Revenue 11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) ~~~~~~~~ 56,337,467. 71,392,426. 12 Total revenue - add lines 8 through 11 (must equal Part VIII, column (A), line 12) 3,870,041,526. 3,908,605,904. 13 Grants and similar amounts paid (Part IX, column (A), lines 1-3) ~~~~~~~~~~~ 7,201,863. 20,994,733. 14 Benefits paid to or for members (Part IX, column (A), line 4) ~~~~~~~~~~~~~ 0. 0. 15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5-10) ~~~ 1,657,159,900. 1,539,881,665. 16a Professional fundraising fees (Part IX, column (A), line 11e)~~~~~~~~~~~~~~ 77,722. 52,855. b Total fundraising expenses (Part IX, column (D), line 25) | 10,506,493. Expenses 17 Other expenses (Part IX, column (A), lines 11a-11d, 11f-24e) ~~~~~~~~~~~~~ 1,727,395,631. 1,626,459,799. 18 Total expenses. Add lines 13-17 (must equal Part IX, column (A), line 25) ~~~~~~~ 3,391,835,116. 3,187,389,052. 19 Revenue less expenses. Subtract line 18 from line 12 478,206,410. 721,216,852. Beginning of Current Year End of Year 20 Total assets (Part X, line 16) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 6,529,192,176. 6,970,113,839. 21 Total liabilities (Part X, line 26) ~~~~~~~~~~~~~~~~~~~~~~~~~~~ 2,050,493,274. 2,115,698,893. Net Assets or Assets Net Fund Balances 22 Net assets or fund balances. Subtract line 21 from line 20 4,478,698,902. 4,854,414,946. Part II Signature Block Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge. Sign = Signature of officer COPY Date Here DAVID M. WRIGLEY, SVP, FINANCE & CFO = Type or print name and title Print/Type preparer's name Preparer'sPrePrPrereparpapara erer'er s signaturesigng aturee Date Check PTIN if Paid KARA ADAMS 07/14/20 self-employed P00023315 Preparer Firm's name 9 ERNST & YOUNG U.S. LLPFirm's EIN 9 34-6565596 Use Only Firm's address 9 18101 VON KARMAN AVENUE, SUITE 1700 IRVINE, CA 92612Phone no. (949) 794-2300 May the IRS discuss this return with the preparer shown above? (see instructions) X Yes No 832001 12-31-18 LHA For Paperwork Reduction Act Notice, see the separate instructions.Form 990 (2018) SEE SCHEDULE O FOR ORGANIZATION MISSION STATEMENT CONTINUATION Form 990 (2018) CEDARS-SINAI MEDICAL CENTER 95-1644600 Page 2 Part III Statement of Program Service Accomplishments Check if Schedule O contains a response or note to any line in this Part III X 1 Briefly describe the organization's mission: CEDARS-SINAI MEDICAL CENTER, A NONPROFIT, INDEPENDENT HEALTH CARE ORGANIZATION IS COMMITTED TO: (SEE SCHEDULE O FOR CONTINUATION) 2 Did the organization undertake any significant program services during the year which were not listed on the prior Form 990 or 990-EZ? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ YesX No If "Yes," describe these new services on Schedule O. 3 Did the organization cease conducting, or make significant changes in how it conducts, any program services?~~~~~~ YesX No If "Yes," describe these changes on Schedule O. 4 Describe the organization's program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported. 4a ()Code: ( Expenses $2,483,063,584. including grants of $ 16,450,421.)( Revenue $ 3,254,383,073. ) CLINICAL CARE: A NONPROFIT INSTITUTION FOUNDED BY THE COMMUNITY IN 1902, CEDARS-SINAI PROVIDES A WIDE SPECTRUM OF MEDICAL SERVICES, AND IS ONE OF THE LEADING SPECIALTY REFERRAL CENTERS FOR THE REGION. FROM ONGOING PRIMARY CARE TO HIGHLY SPECIALIZED CARE, CEDARS-SINAI SERVES PATIENTS FROM LOCAL COMMUNITIES, AS WELL AS FROM THROUGHOUT CALIFORNIA, THE NATION AND THE WORLD. (SEE SCHEDULE O FOR CONTINUATION) 4b ()Code: ( Expenses $233,966,047. including grants of $ 637,000.)( Revenue $ 140,436,567. ) RESEARCH: CEDARS-SINAI SCIENTISTS AND PHYSICIAN-RESEARCHERS WERE ENGAGED IN 2,145 ACTIVE RESEARCH PROJECTS 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. (SEE SCHEDULE O FOR CONTINUATION) 4c ()Code: ( Expenses $95,712,347. including grants of $ 3,907,312.)( Revenue $ 12,219,813. ) TRAINING FOR PHYSICIANS AND OTHER HEALTH PROFESSIONALS: WITH SEVERE PROJECTED SHORTAGES OF PHYSICIANS, NURSES AND OTHER HEALTH PROFESSIONALS FACING THE NATION, CEDARS-SINAI'S TRAINING AND EDUCATION PROGRAMS HAVE BECOME MORE IMPORTANT TO THE HEALTH OF THE NATION THAN EVER BEFORE. IN FISCAL YEAR 2019, CEDARS-SINAI'S NET COST OF PROVIDING THESE TRAINING PROGRAMS WAS $83,492,534. (SEE SCHEDULE O FOR CONTINUATION) 4d Other program services (Describe in Schedule O.) (Expenses $ including grants of $)( Revenue $ ) 4e Total program service expenses | 2,812,741,978. Form 990 (2018) 832002 12-31-18 SEE SCHEDULE O FOR CONTINUATION(S) 2 14160714 132332 2002 2018.06000 CEDARS-SINAI MEDICAL CENTER 2002___1 Form 990 (2018) CEDARS-SINAI MEDICAL CENTER 95-1644600 Page 3 Part IV Checklist of Required Schedules Yes No 1 Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule A~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 1 X 2 Is the organization required to complete Schedule B, Schedule of Contributors? ~~~~~~~~~~~~~~~~~~~~~~ 2 X 3 Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part I ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 3 X 4 Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 4 X 5 Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If "Yes," complete Schedule C, Part III ~~~~~~~~~~~~~~ 5 X 6 Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part I 6 X 7 Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic
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