Overview
What is Cedars Sinai Intellectual Property Company?
Cedars Sinai Intellectual Property Company (CSIP) is a charitable organization based in Los Angeles, California, formed on May 14, 2021. CSIP's primary mission is to support Cedars-Sinai Medical Center (CSMC) by managing and licensing intellectual property assets derived from its research activities. The company educates CSMC faculty and research staff about intellectual property protection principles, captures new technologies and discoveries, and evaluates their potential for further development into products or services that could positively impact health or healthcare delivery. CSIP also develops and maintains a network of researchers and technology professionals, identifies commercial partners, advises and invests in early-stage companies, and manages relationships with licensees and companies in its investment portfolio.
What are the reviews and ratings of this charity?
The Cedars Sinai Intellectual Property Company is currently not rated by Charity Navigator due to insufficient data for their various evaluation metrics. The organization requires additional electronically-filed IRS Form 990 data to be eligible for a comprehensive Charity Navigator rating. The absence of a rating does not reflect negatively or positively on the organization but indicates a lack of available evaluative data.
Without a rating, the Cedars Sinai Intellectual Property Company's strengths and weaknesses are not clearly defined by Charity Navigator's typical assessment areas like Accountability & Finance, Impact & Measurement, and Leadership & Adaptability. While there is compensation data for key personnel showing substantial salaries, this information only provides a partial view of the organization’s financial operations and leadership framework.
There are no user reviews available on GreatNonprofits to provide additional insights into the public perception or specific experiences with the Cedars Sinai Intellectual Property Company. Consequently, potential stakeholders and donors may want to gather further information through alternative sources or direct engagement with the organization to understand its impact and operations better.
This AI summary has been generated from information found on Charity Navigator.
Is Cedars Sinai Intellectual Property Company legitimate?
Cedars Sinai Intellectual Property Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cedars Sinai Intellectual Property Company submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Cedars Sinai Intellectual Property Company?
The Cedars Sinai Intellectual Property Company (CSIP) exists to support Cedars-Sinai Medical Center (CSMC) through the management of its intellectual property. CSIP is a charitable organization dedicated to benefiting CSMC. Its primary purpose is to manage and license intellectual property assets that stem from CSMC's research activities. This includes the development of early-stage companies that license and develop CSMC's intellectual property. CSIP operates exclusively for charitable purposes and contributes to the growth and advancement of CSMC.
Who is the CEO of Cedars Sinai Intellectual Property Company?
James D Laur is the Secretary And Director of Cedars Sinai Intellectual Property Company.
What is the revenue of Cedars Sinai Intellectual Property Company?
Cedars Sinai Intellectual Property Company's revenue in 2022 was $16,082,219.
Who are the executives of Cedars Sinai Intellectual Property Company and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $2,846,170
- Other: $741,936
- Compensation: $0
- Related: $2,430,502
- Other: $180,416
- Compensation: $0
- Related: $1,816,687
- Other: $103,394
- Compensation: $0
- Related: $1,048,297
- Other: -$77,782
- Compensation: $0
- Related: $280,039
- Other: $5,416
Where can I find the form 990 for Cedars Sinai Intellectual Property Company?
Cedars Sinai Intellectual Property Company's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cedars Sinai Intellectual Property Company
Cedars Sinai Intellectual Property Company (CSIP), a charitable organization, is dedicated to supporting Cedars-Sinai Medical Center (CSMC) by managing and licensing its intellectual property derived from the medical center's research activities. CSIP's primary objective is to benefit CSMC through the development of early-stage companies that license and develop CSMC intellectual property. This mission is exclusively for charitable purposes, and CSIP's unique role ensures that the medical center maximizes the potential value of its research discoveries. By managing and licensing these assets, CSIP furthers CSMC's mission to improve patient care and advance medical knowledge. CSIP's initiatives are essential to CSMC, as they facilitate the commercialization of research breakthroughs and help bridge the gap between lab discoveries and market applications. This approach allows CSMC to continue investing in groundbreaking research while generating revenue to support its ongoing operations and enhance its patient care services.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Cedars Sinai Intellectual Property Company (CSIP) significantly enhances the innovation landscape within Cedars-Sinai Medical Center by facilitating the management and licensing of its intellectual property assets. Formed in 2021, CSIP plays a crucial role in educating faculty and research staff about the fundamentals of intellectual property protection, ensuring that valuable discoveries are appropriately secured.
By capturing new technologies and evaluating their potential, CSIP actively fosters advancements that can lead to impactful products and services addressing unmet health needs and improving healthcare delivery. The organization supports the further development of these technologies, transforming initial research into viable solutions that benefit the broader community.
CSIP also cultivates a robust network of researchers and technology professionals in both academia and the industry, promoting collaboration to advance early-stage biomedical discoveries. Identifying and partnering with commercial entities enables CSIP to license intellectual property effectively and drive the growth of new companies focused on developing these innovations.
Moreover, CSIP invests in early-stage companies that align with its mission, advising them while managing relationships with licensees. This multifaceted approach not only amplifies the impact of Cedars-Sinai's research endeavors but also positions the medical center as a leader in medical advancement and public health benefit.
This information is meant to be a general summary of Cedars Sinai Intellectual Property Company. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $16,082,219
Assets and Liabilities:
- Total Assets: $136,009,425
- Total Liabilities: $7,961,763
- Net Assets: $128,047,662
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2021
Phone
(310) 423-3277Principal Officer
James D Laur
Main Address
8700 BEVERLY BOULEVARD, LOS ANGELES, CA, 90048
NTEE Category
Code: H99 - Medical research
If you are a representative of Cedars Sinai Intellectual Property Company and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.