Cedars Sinai Intellectual Property

“Cedars-sinai medical center is the sole corporate member of cedars sinai intellectual property company.”

“Cedars-sinai medical center, as the sole corporate member, elects individuals to the board of directors of cedars sinai intellectual property company.”

“Cedars-sinai medical center's approval is required before cedars sinai intellectual property company can do any of the following: change its mission, vision, and values; change its corporate structure in a manner that would affect tax-exempt status; voluntarily dissolve; incur material indebtedness; sell real property; execute material contracts not already set forth in an approved budget; and certain other material corporate actions.”

“The organization's form 990 undergoes a comprehensive review process that includes a big four accounting firm and the organization's president, along with its sole member's executive vice-president of finance/chief financial officer, vice president of finance/associate chief financial officer, and the chief legal officer. The president provided a completed copy of the form 990 to each director and officer of the organization. Each director and officer had several days to review and ask questions before this form was filed.”

“The conflict of interest policy is a board-approved policy. Conflict reporting is required through the office of the president/ceo, who reports to the board on coi-related matters. The policy applies to the organization's directors, officers, committee members, and other individuals who have or are granted the authority to vote at board or committee meetings of the organization. These individuals are required to complete an annual conflict of interest disclosure questionnaire and provide disclosure of activities undertaken between annual disclosures. Conflict of interest questionnaires are distributed annually and the office of the president or his/her designee follows up with any person who does not complete and return the questionnaire in a timely manner. All disclosures made are reviewed by the vice president of corporate integrity for completeness and to identify actual or potential conflicts of interest. The vice president of corporate integrity works with the office of the president or his/her designee to perform any necessary diligence and identify strategies for managing any identified conflicts. Management generally involves separation of the interested person from any involvement, management or decision-making with respect to the matter giving rise to the conflict, disclosure to the board of directors, and other actions to ensure the identified conflict is sufficiently addressed in a manner that ensures that the transaction that gives rise to the conflict is fair and reasonable to the organization and consistent with fair market value. In the case of a board member with an identified conflict, that board member is precluded from participating in any deliberations or decisions regarding the transaction that gives rise to the conflict.”

“The organization's audited consolidated financial statements are attached to its corporate member's form 990. The conflict of interest policy and governing documents are not available to the public.”

“Transfer from affiliates 21,602,594.”

“The organization's financial statements were audited on a consolidated basis with its sole corporate member's parent organization for fiscal year ended june 30, 2024. The oversight of the audit was performed by cedars-sinai medical center's audit committee.”