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Chan Soon-Shiong Nanthealth Foundation

Chan Soon-Shiong Nanthealth Foundation

El Segundo, CA
Tax ID27-3651366

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About this organization

Revenue

$254,616

Expenses

$9,152,816

Mission

THE SPECIFIC AND PRIMARY PURPOSE OF THIS ORGANIZATION IS TO ENGAGE IN THE CONTINUOUS ACTIVE CONDUCT OF MEDICAL RESEARCH IN CONJUNCTION WITH ONE OR MORE HOSPITALS.

About

THE ORGANIZATION IS DIRECTLY ENGAGED IN THE CONTINUOUS ACTIVE CONDUCT OF MEDICAL RESEARCH IN CONJUNCTION WITH VARIOUS CLINICAL SETTINGS AND HOSPITALS. INITIALLY, THE ORGANIZATION WAS ENGAGED IN A JOINT EFFORT WITH PROVIDENCE SAINT JOHN'S HEALTH CENTER TO CONDUCT RESEARCH AND DEVELOPMENT OF PERSONALIZED MOLECULAR MEDICAL THERAPIES FOR THE TREATMENT OF UNMET MEDICAL NEEDS. CURRENTLY, THE ORGANIZATION IS ENGAGED IN JOINT EFFORTS WITH WINDBER HOSPITAL AND JOHNS HOPKINS UNIVERSITY TO CONDUCT PARALLEL RESEARCH AND DEVELOPMENT. THE ORGANIZATION PROVIDES FUNDING, DATA AND EXPERTISE AND PERFORMS SUPPORT SERVICES INCLUDING, WITHOUT LIMITATION, CUSTOM ENGINEERING, REGULATORY AND MEDICAL SUPPORT SERVICES FOR EACH PROJECT CONDUCTED THROUGH ITS JOINT EFFORTS WITH WINDBER HOSPITAL AND JOHNS HOPKINS UNIVERSITY. THE ORGANIZATION ALSO PLANS TO CONDUCT MEDICAL RESEARCH PROJECTS IN COLLABORATION WITH VARIOUS UNIVERSITIES, PARTICULARLY RESEARCH PROJECTS LED BY FACULTY OF THE UNIVERSITY OF CALIFORNIA AND PARTNER INSTITUTIONS. THE ORGANIZATION WILL ANNUALLY EXPEND FUNDS EQUAL TO 3.5% OR MORE OF THE FAIR MARKET VALUE OF ITS ENDOWMENT FOR THE CONTINUOUS CONDUCT OF MEDICAL RESEARCH OR WILL DEVOTE MORE THAN ONE HALF OF ITS ASSETS TO THE CONTINUOUS CONDUCT OF MEDICAL RESEARCH.

Interesting data from their 2019 990 filing

The filing specifies the mission of the non-profit as “The specific and primary purpose of this organization is to engage in the continuous active conduct of medical research in conjunction with one or more hospitals which are described in section 501(c)(3) of the code, are federal hospitals, or are instrumentalities of a governmental unit referred to in section 170(c)(1) of the code. the organization is dedicated to research and technology development in personalized molecular medicine for the treatment of unmet medical needs. personalized molecular medicine provides customization of healthcare, with decisions and practices being tailored to individual patients at the molecular level.”.

When explaining its duties, they were described as: “The specific and primary purpose of this organization is to engage in the continuous active conduct of medical research in conjunction with one or more hospitals.”.

  • The state in which the non-profit is authorized to operate legally is DE.
  • According to the filing, the address of the non-profit for the year 2019 is 9920 JEFFERSON BOULEVARD, CULVER CITY, CA, 90232.
  • The non-profit has reported 18 employees on their form for the year 2019.
  • The non-profit has loans as of 2019.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor advised fund.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is between $250,000 and $500,000.
  • Revenue less expenses is -$8,898,200.
  • The compensation policy for the CEO of the organization is not based on a thorough evaluation and endorsement by an impartial entity.
  • The organization elects its board members.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has 2 independent voting members.
  • The organization was formed in 2010.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule B.
  • The organization is required to file Schedule J.
  • The organization is required to file Schedule O.
  • The organization pays $294,852 in salary, compensation, and benefits to its employees.
  • The organization pays $0 in fundraising expenses.
  • The organization has minutes of its meetings.
  • The organization has a written whistleblower policy.
  • The organization has a business related organization transaction.
  • The organization has grants to organizations.

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