2024-05-14T17:33:05+00:00 2023-06-30 346565596 ERNST & YOUNG US LLP 18101 VON KARMAN AVENUE IRVINE CA 92612 990 2022-07-01 953528452 Torrance Memorial Medical Center Health Care Foundation TORR 3105174688 3330 LOMITA BLVD TORRANCE CA 90505 MARK LURIE MD PRESIDENT 3105174688 2024-05-14 true MARK LURIE 999009999 Kara Adams P00023315 9497942300 2024-05-10 2022 2023-04-26 12:10:37Z MARK LURIE MD 3330 LOMITA BLVD TORRANCE CA 90505 35606478 false X TORRANCEMEMORIALFOUNDATION.ORG X 1980 CA TO RAISE FUNDS FOR TORRANCE MEMORIAL MEDICAL CENTER. 30 29 0 334 0 0 16699580 18812574 0 1270094 790132 0 17969674 19602706 15031450 16400000 0 0 0 638111 894835 904374 15926285 17304374 2043389 2298332 117777868 120986685 992402 997519 116785466 119989166 TO RAISE FUNDS FOR TORRANCE MEMORIAL MEDICAL CENTER. false false 16400000 16400000 0 ALL EXPENSES ARE RELATED TO THE ACTIVITIES OF SOLICITATION OF FUNDS AND RECEIVING CONTRIBUTIONS IN SUPPORT OF TORRANCE MEMORIAL MEDICAL CENTER. 16400000 true true false false false false false false true false false false true false true false true false false false false false false true true false true false false false false false false false false false false true false false false false true true true false false true 11 1 true 0 false false false false false true true false false false false false false false X 30 29 false false false false true true false true true false false true true true true false false false false false CA X CARI CARVER CONTROLLER 3103259110 3330 LOMITA BOULEVARD TORRANCE CA 90505 Greg Geiger Treasurer 1.0 9.0 X X 0 0 0 Heidi Hoffman MD Secretary 1.0 0 X X 0 0 0 Joseph Hohm CPA JD Officer 1.0 0 X X 0 0 0 Mark Lurie MD President 1.0 0.0 X X 0 66000 0 Michael Zislis Officer 1.0 0 X X 0 0 0 Patrick Theodora Officer 1.0 0 X X 0 0 0 Phil Pavesi Vice President 1.0 0 X X 0 0 0 Alan Goldstein BOARD MEMBER 1.0 0 X 0 0 0 Ann Zimmerman Board Member 1.0 0 X 0 0 0 Christy Abraham Board Member 1.0 0 X 0 0 0 Connie Lai ESQ Board Member 1.0 0 X 0 0 0 Eric Nakkim MD Board Member 1.0 0 X 0 0 0 George Graham Board Member (Part Year) 0.0 0 X 0 0 0 Gina Kirkpatrick Board Member 1.0 0 X 0 0 0 Harv Daniels Board Member 1.0 0 X 0 0 0 Janice Tecimer Board Member 1.0 0 X 0 0 0 John G Baker Board Member 1.0 0 X 0 0 0 Laurie McCarthy Board Member 1.0 0 X 0 0 0 Michael Rouse Board Member 1.0 0 X 0 0 0 Nadine Bobit Board Member 1.0 0 X 0 0 0 Patricia Sacks MD Board Member 1.0 0 X 0 0 0 Paul G Giuliano Board Member 1.0 0 X 0 0 0 Richard E Lucy Board Member 1.0 0 X 0 0 0 Richard Rounsavelle DDS Board Member 1.0 0 X 0 0 0 Rick Higgins Board Member (Part Year) 1.0 0 X 0 0 0 Russell Varon Board Member 1.0 0 X 0 0 0 Sam Sheth Board Member 1.0 0 X 0 0 0 Sam Sim Board Member 1.0 0 X 0 0 0 Song Cho Klein Board Member 1.0 0 X 0 0 0 Steven Spierer Board Member 1.0 0 X 0 0 0 Tom O'Hern Board Member 1.0 0 X 0 0 0 W David Mckinnie III Board Member 1.0 0 X 0 0 0 0 66000 0 0 false false false CHOURA EVENTS 540 HAWAII AVE TORRANCE CA 90503 CATERING 303950 VINCENT RIOS CREATIVE INC 4461 PACIFIC COAST HWY C204 Torrance CA 90505 PHOTOGRAPHY 303281 FOOD FETISH INC 10650 BURBANK BLVD NORTH HOLLYWOOD CA 91601 CATERING 203293 Paolucci Salling and Martin (Publicity) 422 Pacific Coast Hwy Hermosa Beach CA 90254 ADVERTISING 104043 4 897328 17915246 272681 18812574 0 0 0 0 0 809433 809433 0 0 14915149 14934450 -19301 0 -19301 -19301 1028627 897328 1066147 -37520 -37520 40695 3175 37520 37520 0 0 0 0 0 19602706 0 0 790132 16400000 16400000 372269 372269 48180 48180 0 0 0 0 209138 31371 177767 73013 11459 61554 175253 175253 SALES TAX EXPENSE 26521 26521 0 0 0 0 17304374 16400000 266263 638111 1230491 3324955 8227385 8534537 76393991 75442049 0 0 0 0 3000000 3000000 0 0 0 0 18446023 20372068 0 0 10479978 10313076 117777868 120986685 992402 997519 0 0 0 0 992402 997519 11571156 13025367 105214310 106963799 116785466 119989166 117777868 120986685 X 2298332 1567855 -662487 X false true X true false X 24652963 15727508 11488640 16699580 18812574 87381265 0 0 24652963 15727508 11488640 16699580 18812574 87381265 5826074 81555191 525201 374497 382383 383387 809433 2474901 0 0 0 0 0 0 0 89856166 0 0.9076 0.8869 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3225055 139609 180000 3184664 3222789 182266 180000 3225055 3161454 241335 180000 3222789 3254315 87139 180000 3161454 3310117 124198 180000 3254315 0.0 1.0 0.0 false false CHARITABLE REMAINDER TRUSTS 9997464 GIFT ANNUITIES 315612 10313076 0 X Schedule D, Part V, Line 4 Intended uses of endowment funds THE PURPOSE OF THE MCMILLEN ENDOWMENT ($3,000,000) IS TO SUPPORT THE OPERATIONAL EXPENSES OF THE TORRANCE MEMORIAL MEDICAL CENTER CHEMICAL DEPENDENCY UNIT. THE REMAINING ENDOWMENTS ($184,664) ARE COMPRISED OF SEVERAL CHARITABLE TRUSTS WHICH HAVE NOT, AS YET, BEEN DISTRIBUTED TO THE FOUNDATION. WHEN DISTRIBUTED, THE EARNINGS WILL BE AVAILABLE FOR ANY BOARD DESIGNATED RELATED PROJECTS. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote CEDARS-SINAI HEALTH SYSTEM CONSOLIDATED FINANCIAL STATEMENTS: THE HEALTH SYSTEM COMPLETED AN ANALYSIS OF ITS TAX POSITIONS, IN ACCORDANCE WITH ASC 740, INCOME TAXES, AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN. THE HEALTH SYSTEM HAS RECOGNIZED NO INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS. THE HEALTH SYSTEM IS SUBJECT TO ROUTINE AUDITS BY THE TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE HEALTH SYSTEM BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2019. FESTIVAL 1698784 768785 929999 462235 249172 256112 GOLF 227171 128543 98628 38028 33799 26801 0 1925955 897328 1028627 500263 282971 282913 1066147 -37520 40695 0 0 0 3175 false 40695 0 0 0 3175 3175 37520 CA true false true false 1.0 0.0 Laura Schenasi 3330 Lomita Blvd Torrance CA 90505 false LAURA SCHENASI 0 RECORD KEEPING X true 36625 Schedule G, Part III, Line 17 Distributions required under state law STATE=CALIFORNIA,MANDATORY DISTRIBUTION AMOUNT=36625; true Torrance Memorial Medical Center 3330 Lomita Blvd Torrance CA 90505 951644042 501(C)(3) 16400000 SUPPORT TMMC 1 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. TORRANCE MEMORIAL MEDICAL HEALTH CARE FOUNDATION HAS BEEN ESTABLISHED TO RAISE FUNDS FOR THE PURPOSE OF SUPPORTING TORRANCE MEMORIAL MEDICAL CENTER AND TORRANCE HEALTH ASSOCIATION. MONTHLY, THE FOUNDATION REVIEWS CONTRIBUTIONS AND DONATIONS RECEIVED AND ACCOUNTS FOR FUNDS BEING HELD FOR VARIOUS PROGRAM SUPPORT AND CAPITAL NEEDS OF THE MEDICAL CENTER AND TORRANCE HEALTH ASSOCIATION, IN CONJUNCTION WITH DONOR RESTRICTIONS. TWICE EACH YEAR, THE FOUNDATION IDENTIFIES PROGRAM NEEDS AND FUNDS AVAILABLE FOR TRANSFER TO THE MEDICAL CENTER AND TORRANCE HEALTHASSOCIATION. THIS PROCESS INCLUDES ACCEPTING REQUESTS FROM VARIOUS DEPARTMENTS EXPENDITURES THAT REQUIRE FUNDING, IDENTIFYING MEDICAL CENTER PROGRAMS OR CAPITAL EXPENDITURES THAT REQUIRE FUNDING, AND REVIEW OF DONOR INTENTIONS AND POSSIBLE RESTRICTIONS ON EXISTING FUNDS BEING HELD. BASED ON THE FOREGOING CRITERIA, THE FOUNDATION COMPILES A LIST OF PROGRAMS AND CAPITAL PROJECTS TO BE FUNDED. THE MEDICAL CENTER FINANCE DEPARTMENT REVIEWS THE LIST AND ENSURES THAT ADEQUATE RECORDS EXIST TO SUPPORT THE FUND TRANSFERS. THE TRANSFER REQUEST IS THEN PRESENTED TO THE FOUNDATION'S BOARD OF DIRECTORS FOR APPROVAL. UPON APPROVAL, FUNDS ARE TRANSFERRED TO THE MEDICAL CENTER AND TORRANCE HEALTH ASSOCIATION. THE FINANCE DEPARTMENT ENSURES THAT FUNDS ARE DIRECTED TO THE APPROPRIATE DEPARTMENT OR PROJECT IN ACCORDANCE WITH THE FOUNDATION'S INSTRUCTIONS. DURING FY 06/23, THE WERE NO GRANTS MADE TO THA. X 1 41270 Market value X 128 72080 Market value X TICKETS 51 63661 Market value X TRAVEL PACKAGE 24 48020 Market value X CHRISTMAS TREES 24 47650 Market value 0 false true false Schedule M, Part I THE AMOUNT IN PART I COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. Form 990, Part VI, Line 6 Classes of members or stockholders TORRANCE HEALTH ASSOCIATION IS THE SOLE CORPORATE MEMBER OF TORRANCE MEMORIAL MEDICAL CENTER HEALTH CARE FOUNDATION. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body THE SOLE CORPORATE MEMBER, TORRANCE HEALTH ASSOCIATION, HAS THE RIGHT TO ELECT THE MEMBERS OF THE FOUNDATION'S BOARD OF DIRECTORS. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 WAS PREPARED BY THE ORGANIZATION'S FINANCE DEPARTMENT ALONG WITH OUR TAX ADVISORS. THE FORM 990 WAS THEN REVIEWED BY SENIOR MANAGEMENT. AFTER THE FINAL REVIEW IS COMPLETE, AN OFFICER OF THE ORGANIZATION SIGNS THE FORM 990. THE FORM 990 IS SENT OUT ELECTRONICALLY FOR REVIEW BY THE BOARD OF DIRECTORS. Form 990, Part VI, Line 12c Conflict of interest policy THE FOLLOWING PROCESS FOR MONITORING & ENFORCING THE CONFLICT OF INTEREST POLICY HAS BEEN ENACTED: ANNUALLY, THE FOUNDATION SENDS ALL THE TRUSTEES AND OFFICERS A COPY OF THE FOUNDATION'S CONFLICT OF INTEREST POLICY AND CONFLICT OF INTEREST QUESTIONNAIRE. ALL TRUSTEES AND OFFICERS ARE REQUIRED TO SIGN A STATEMENT THAT THEY HAVE RECEIVED AND READ THE CONFLICT OF INTEREST POLICY. ADDITIONALLY, THEY ARE ALSO REQUIRED TO COMPLETE, SIGN AND SUBMIT CONFLICT OF INTEREST QUESTIONNAIRE. THE QUESTIONNAIRE INQUIRES AS TO ALL RELATIONSHIPS WHICH MIGHT CREATE, OR BE THOUGHT TO CREATE CONFLICTS OF INTEREST FOR ALL INDIVIDUALS CONCERNED WITH CONDUCTING, TRANSACTING OR APPROVING THE BUSINESS MATTERS OF THE FOUNDATION. ONCE THE CONFLICT OF INTEREST QUESTIONNAIRES HAVE BEEN RECEIVED BACK FROM THE OFFICERS AND TRUSTEES, THEY ARE REVIEWED AND SUMMARIZED BY THE FOUNDATION'S EXECUTIVE VICE PRESIDENT FOR PRESENTATION TO THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE REPORTS ANY CONFLICTS TO THE BOARD OF TRUSTEES WITH THE RECOMMENDATION AS TO THE RESOLUTION OF THE CONFLICT THAT MAY IMPEDE THE INDEPENDENCE OF THE BOARD COMMITTEE. Form 990, Part VI, Line 19 Required documents available to the public FEDERAL TAX LAWS DO NOT MANDATE THAT THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS BE MADE AVAILABLE FOR PUBLIC INSPECTION. THE ARTICLES OF INCORPORATION ARE AVAILABLE FROM THE SECRETARY OF THE STATE. Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT - -662487; TORRANCE MEMORIAL MEDICAL CENTER 3330 LOMITA BLVD TORRANCE CA 90505 951644042 HOSPITAL CA 501(c)(3) 3 tha true TORRANCE HEALTH ASSOCIATION 3330 LOMITA BLVD TORRANCE CA 90505 330073515 HEALTH SRVCS CA 501(c)(3) Type II CSHS true CEDARS-SINAI MEDICAL CENTER 8700 BEVERLY BOULEVARD LOS ANGELES CA 90048 951644600 HOSPITAL CA 501(c)(3) 3 CSHS true CEDARS-SINAI MEDICAL CARE FOUNDATION 6500 WILSHIRE BLVD 15TH FLOOR LOS ANGELES CA 90048 954457756 FUNDRAISING CA 501(c)(3) Type I CSMC true CALIFORNIA HEART CENTER FOUNDATION 8670 WILSHIRE BLVD STE 301 BEVERLY HILLS CA 90211 954772979 RESEARCH CA 501(c)(3) 7 CSMC true KERLAN-JOBE ORTHOPAEDIC FOUNDATION 6801 PARK TERRANCE LOS ANGELES CA 90045 954707606 RESEARCH CA 501(c)(3) 7 CSMCF true SANTA MONICA ORTHO & SPORTS MED RSCH FDN 2020 SANTA MONICA BLVD 4TH FLR SANTA MONICA CA 90404 954789926 RESEARCH CA 501(c)(3) PF CSMCF true CFHS HOLDINGS INC 4650 LINCOLN BLVD MARINA DEL REY CA 90292 201645949 HEALTHCARE CA 501(c)(3) 3 CSMC true CEDAR-SINAI HEALTH SYSTEM 8700 BEVERLY BOULEVARD LOS ANGELES CA 90048 300990905 HEALTHCARE CA 501(c)(3) Type III-FI NA false CEDARS SINAI INTELLECTUAL PROPERTY CO 8700 BEVERLY BLVD LOS ANGELES CA 90048 871097792 HEALTHCARE CA 501(c)(3) Type I CSMC true PASADENA HOSPITAL ASSOCIATION LTD 100 WEST CALIFORNIA BLVD PASADENA CA 91105 951544035 HEALTH SERVICES CA 501(c)(3) 3 CSHS true HUNTINGTON MEDICAL FOUNDATION 100 WEST CALIFORNIA BLVD PASADENA CA 91105 954434428 HEALTH SERVICES CA 501(c)(3) 3 PHA true CEDARS SINAI HEALTH VENTURES 8721 BEVERLY BLVD LOS ANGELES CA 90048 883506667 MANAGEMENT OF HEALTH SERVICES CA 501(c)(3) Type I CSMC true 3565 DEL AMO ASSOCIATES 5017 CARMEN STREET TORRANCE CA 90503 330554737 RENT REAL ESTATE CA NA N/A false false TORRANCE MEMORIAL SURG CTR LLC 23560 CRENSHAW BLVD STE 104 TORRANCE CA 90505 465259260 OUTPAT SURG S CA NA N/A false false ENDOSCOPY CTR OF SANTA MONICA 12400 WILSHIRE BLVD STE 100 LOS ANGELES CA 90025 113652210 ENDOSCOPY CA NA N/A false false ISS ASC HOLDINGS LLC 27271 LAS RAMBLAS STE 350 MISSION VIEJO CA 92691 471890805 HEALTHCARE CA NA N/A false false INTL SPINE THOPEDIC INST 8500 W 110TH ST OVERLAND PARK KS 66210 263738893 SPINE/ORTHOPEDIC DE NA N/A false false CS-BH ASC HOLDINGS LLC 450 N ROXBURY DR STE 602 BEVERLY HILLS CA 90210 812246488 HOLDING COMPANY CA NA N/A false false 90210 ASC VENTURE LLC 450 N ROXBURY DR STE 602 BEVERLY HILLS CA 90210 134341801 AMB.SURGERY CNTR CA NA N/A false false SANTA MONICA IMAGING GROUP LLC 200 N ROBERTSON BLVD 101 BEVERLY HILLS CA 90211 820760657 IMAGING CENTER CA NA N/A false false HUNTINGTON AMBULATORY SURGERY CENTER LLC 525 S FAIR OAKS AVE NO 380 PASADENA CA 91105 273922007 AMBULATORY SURGERY CENTER CA NA N/A false false ABCENTRA LLC 2390 CRENSHAW BLVD 202 TORRANCE CA 90501 202327127 RESEARCH AND DEVELOPMENT DE NA N/A false false TIA-CEDARS MANAGEMENT SERVICES ORGANIZATION LLC 548 MARKET ST SUITE 45295 SAN FRANCISCO CA 94104 884206382 INVESTMENT IN HEALTHCARE SERVICES CA NA N/A false false K-HEALTH-CEDARS-MANAGEMENT SERVICES ORGANIZATION LLC 6500 WILSHIRE BLVD 19TH FLOOR LOS ANGELES CA 90048 932305005 HEALTH MANAGEMENT SERVICES CA CSMC Related false false OPTIMATRIX HEALTH SOLUTIONS INC 8700 BEVERLY BLVD LOS ANGELES CA 90048 954522779 INACTIVE CA NA C Corporation true OTOHARMOMICS CORPORATION PO BOX 272 WILMINGTON DE 19899 461119421 INACTIVE DE NA C Corporation true CHARITABLE REMAINDER TRUST (23) 3330 LOMITA BLVD TORRANCE CA 90505 RT CA NA Trust false GRAVIDAS DIAGNOSTICS INC 8721 BEVERLY BLVD LOS ANGELES CA 90048 872085657 MEDICAL EQUIPMENT AND SUPPLIES MANUFACTURING DE CEDARS SINAI INTELLECTUAL PROPERTY CO C Corporation true CONGRESS SERVICES CORPORATION 100 WEST CALIFORNIA BLVD PASADENA CA 91105 953978299 MANAGEMENT SERVICES CA NA C Corporation true CORONET VENTURES (SINGAPORE) PTE LTD 112 ROBINSON ROAD 04-02 ROBINSON SN 068902 HEALTHCARE AND BIOMEDICAL INNOVATION INVESTMENTS SN CSMC C Corporation true THIRD STREET INSURANCE COMPANY (SAC) LTD PO BOX HM 1024 HAMILTON HM DX BD 981578749 CAPTIVE INSURANCE BD NA C Corporation true TRIAN PARTNERS II LTD LANDMARK SQUARE WEST BAY ROAD PO BOX GRAND CAYMAN CJ KY19006 INVESTMENTS CJ CSMC C Corporation true LIQUID LOAN OPPOORTUNITIES FUND LP PO BOX 309 UGLAND HOUSE GRAND CAYMAN CJ KY11104 980693063 INVESTMENTS CJ CSMC C Corporation true false true false true false false false false false false false true true true true false false true TORRANCE MEMORIAL MEDICAL CENTER B 16400000 ACTUAL TORRANCE HEALTH ASSOCIATION D 3000000 ACTUAL TORRANCE MEMORIAL MEDICAL CENTER O 1398096 ACTUAL TORRANCE MEMORIAL MEDICAL CENTER L 903777 ACTUAL TORRANCE HEALTH ASSOCIATION S 180000 ACTUAL TORRANCE MEMORIAL MEDICAL CENTER N 157944 ACTUAL Torrance Memorial Medical Center P 114690 ACTUAL