2024-08-12T08:31:55-05:00 2023-09-30 PwC US Tax LLP 101 SEAPORT BLVD SUITE 500 BOSTON MA 02210 990 2022-10-01 951643307 CALIFORNIA INSTITUTE OF TECHNOLOGY % MATTHEW W BREWER CALI 6263956744 1200 EAST CALIFORNIA BLVD 234-6 PASADENA CA 91125 MATTHEW W BREWER CONTROLLER 6263956744 2024-08-07 true PAUL TANIS P01441612 6175305000 2024-08-02 2022 2024-08-08 14:25:15Z DR THOMAS F ROSENBAUM 1200 EAST CALIFORNIA BLVD PASADENA CA 91125 4779366000 false X www.caltech.edu X 1891 CA SEE SCHEDULE O 55 44 12365 641 26292000 0 556079000 682879000 2806546000 3061988000 251063000 101710000 2713000 86867000 3616401000 3933444000 117049000 121916000 0 0 1864641000 1951947000 0 0 8860000 1461253000 1630629000 3442943000 3704492000 173458000 228952000 6336115000 6938067000 2573948000 2640569000 3762167000 4297498000 X SEE SCHEDULE O false false 493107000 121795000 235357000 INSTRUCTION, SCHOLARSHIPS, FELLOWSHIPS, AND OTHER STUDENT AID 370123000 0 101407000 ORGANIZED RESEARCH AT THE CAMPUS. 2673772000 0 2673772000 SPONSORED RESEARCH AT THE JET PROPULSION LABORATORY. 46830000 121000 51452000 3583832000 true true false true false false false true true true true true false false true true true false true true true false true false false false false true true true true false false false false false false true false true true true false false false true true true true false false true 2415 0 true 12365 true true true true CI false false false false false false false false true true X 55 44 true false true false false false false true true false false false true true true true true true true false CA IL X MATTHEW W BREWER 6263958818 1200 EAST CALIFORNIA BLVD 234-6 pasadena CA 91125 X THOMAS F ROSENBAUM PRESIDENT AND TRUSTEE 40.0 0.0 X X 2218734 0 126827 SCOTT H RICHLAND CHIEF INVESTMENT OFFICER 40.0 0.0 X 998071 0 420992 LAURIE A LESHIN VP & DIRECTOR, JPL 40.0 0.0 X 1038067 0 43437 DEXTER A BAILEY VP ADV & ALUMNI RELATIONS 40.0 0.0 X 954104 0 93484 PASY I WANG SR MG DIR OF INVST UNTIL 9/22 40.0 0.0 X 861786 0 61418 DOUGLAS N MACBEAN SR MANAGING DIR. INVESTMENTS 40.0 0.0 X 755071 0 167680 LARRY D JAMES DEPUTY DIRECTOR, JPL 40.0 0.0 X 818215 0 57998 DAVID A TIRRELL PROVOST 40.0 0.0 X 777676 0 61785 JENNIFER T LUM GENERAL COUNSEL 40.0 0.0 X 662108 0 117986 KAREN L SISSON VP ADMIN & CFO UNTIL 7/23 40.0 0.0 X 700608 0 75383 ROBERT P KIRSHNER ASTRONOMY PROF & EXEC DIR, TIO 40.0 0.0 X 666513 0 36041 BRIAN CHEN MNG DIR, PVT INVEST UNTIL 4/23 40.0 0.0 X 516779 0 152082 ALISTAIR W THISTLETHWAITE MNG DIR, PUBLIC/ALT SECURITIES 40.0 0.0 X 525841 0 126471 CATHY A LIGHT SECRETARY, BOARD OF TRUSTEES 40.0 0.0 X 517189 0 79426 DIANA JERGOVIC VP STRATEGY IMPLEMENTATION 40.0 0.0 X 525244 0 46658 SHARON E PATTERSON ASSOC. VP FOR FIN & TREAS. 40.0 0.0 X 436911 0 65867 SAMMY A KAYALI CFO & DIR FOR LAB OPS INTEGRA. 40.0 0.0 X 413886 0 68788 MARC J GOETTEL FORMER DIR OF BUS OPS, JPL 40.0 0.0 X 350731 0 74664 MATTHEW W BREWER CONTROLLER 40.0 0.0 X 309273 0 71344 JOSEPH E SHEPHERD FORMER VP STUDENT AFFAIRS 40.0 0.0 X 301013 0 78368 KEVIN M GILMARTIN VP STUDENT AFFAIRS 40.0 0.0 X 311574 0 65707 MICHAEL M WATKINS FORMER VP & DIRECTOR, JPL 40.0 0.0 X 300444 0 59377 CAROL J SCHUIL FORMER EA TO PRES/ASST.SEC. 40.0 0.0 X 278062 0 61462 DEBORAH K RODDAY SR DIR/ASST. SEC 40.0 0.0 X 211329 0 42224 ARTURO AGUAYO ASSISTANT TREASURER 40.0 0.0 X 189809 0 60893 WILLIAM H AHMANSON TRUSTEE UNTIL 10/2022 2.0 0.0 X 0 0 0 SEAN BAILEY TRUSTEE 2.0 0.0 X 0 0 0 BARBARA M BARRETT TRUSTEE, VICE CHAIR 10.0 0.0 X X 0 0 0 REBECKA BELLDEGRUN SENIOR TRUSTEE 10.0 0.0 X 0 0 0 GORDON M BINDER SENIOR TRUSTEE UNTIL 10/2022 2.0 0.0 X 0 0 0 ROBERT C BONNER SENIOR TRUSTEE 10.0 0.0 X 0 0 0 LYNN A BOOTH SENIOR TRUSTEE 2.0 0.0 X 0 0 0 BRIGITTE M BREN TRUSTEE 2.12 0.0 X 0 0 0 MILTON M CHANG SENIOR TRUSTEE 2.0 0.0 X 0 0 0 JOHN S CHEN TRUSTEE UNTIL 10/2022 2.0 0.0 X 0 0 0 PEGGY T CHERNG SENIOR TRUSTEE 2.0 0.0 X 0 0 0 ROBERT B CHESS TRUSTEE 2.0 0.0 X 0 0 0 FRANCE A CORDOVA SENIOR TRUSTEE 4.0 0.0 X 0 0 0 WILLIAM H DAVIDOW SENIOR TRUSTEE 2.0 0.0 X 0 0 0 DAVID T DREIER TRUSTEE 2.0 0.0 X 0 0 0 LOUNETTE M DYER TRUSTEE UNTIL 8/2023 2.0 0.0 X 0 0 0 JOSHUA S FRIEDMAN TRUSTEE 2.0 0.0 X 0 0 0 WILLIAM T GROSS TRUSTEE 4.0 0.0 X 0 0 0 FREDERICK J HAMEETMAN SENIOR TRUSTEE 2.0 0.0 X 0 0 0 DAVID D HO TRUSTEE 1.0 0.0 X 0 0 0 MARIA D HUMMER-TUTTLE SENIOR TRUSTEE 2.0 0.0 X 0 0 0 BOBBY R INMAN SENIOR TRUSTEE 2.0 0.0 X 0 0 0 ROBERT T JENKINS SENIOR TRUSTEE 2.0 0.0 X 0 0 0 G BRADFORD JONES TRUSTEE 2.0 0.0 X 0 0 0 PETER D KAUFMAN TRUSTEE 2.0 0.0 X 0 0 0 MASSI JOSEPH KIANI TRUSTEE 2.0 0.0 X 0 0 0 LOUISE KIRKBRIDE TRUSTEE 4.0 0.0 X 0 0 0 WALTER G KORTSCHAK TRUSTEE 2.0 0.0 X 0 0 0 KENT KRESA SENIOR TRUSTEE 2.0 0.0 X 0 0 0 JON B KUTLER TRUSTEE 4.0 0.0 X 0 0 0 TAYLOR W LAWRENCE TRUSTEE 4.0 0.0 X 0 0 0 DAVID L LEE SENIOR TRUSTEE 5.0 0.0 X 0 0 0 A MICHAEL LIPPER SENIOR TRUSTEE 4.0 0.0 X 0 0 0 LI LU TRUSTEE 2.0 0.0 X 0 0 0 SHIRLEY M MALCOM SENIOR TRUSTEE 3.0 0.0 X 0 0 0 FARIBORZ MASEEH TRUSTEE 2.0 0.0 X 0 0 0 MICHELLE J MATHEWS-SPRADLIN TRUSTEE 2.0 0.0 X 0 0 0 DEBORAH D MCWHINNEY TRUSTEE 2.0 0.0 X 0 0 0 ALEXANDER R MEHRAN SR SENIOR TRUSTEE 2.0 0.0 X 0 0 0 RICHARD N MERKIN SENIOR TRUSTEE 2.0 0.0 X 0 0 0 KENNETH G MOORE TRUSTEE 2.0 0.0 X 0 0 0 MICHAEL G MULLEN SENIOR TRUSTEE UNTIL 10/2022 2.0 0.0 X 0 0 0 PRINEHA NARANG YOUNG ALUM. TRUSTEE AS OF 6/23 4.0 0.0 X 0 0 0 PETER NORTON SENIOR TRUSTEE 7.0 0.0 X 0 0 0 RONALD L OLSON SENIOR TRUSTEE 2.0 0.0 X 0 0 0 STEPHEN R ONDERDONK SENIOR TRUSTEE 2.0 0.0 X 0 0 0 PEDRO J PIZARRO TRUSTEE 4.0 0.0 X 0 0 0 DAVID E I PYOTT TRUSTEE 5.0 0.0 X 0 0 0 EDUARDO A REPETTO TRUSTEE 4.0 0.0 X 0 0 0 STEWART A RESNICK SENIOR TRUSTEE 2.0 0.0 X 0 0 0 RICHARD H SCHELLER TRUSTEE 1.0 0.0 X 0 0 0 AMY SCHULMAN TRUSTEE AS OF 6/2023 2.0 0.0 X 0 0 0 TIMOTHY J SLOAN TRUSTEE 4.0 0.0 X 0 0 0 MASON SMITH TRUSTEE 2.0 0.0 X 0 0 0 DAVID W THOMPSON TRUSTEE, CHAIR 10.0 0.0 X X 0 0 0 CHARLES R TRIMBLE SENIOR TRUSTEE 2.0 0.0 X 0 0 0 RICHMOND A WOLF TRUSTEE 2.0 0.0 X 0 0 0 SUZANNE H WOOLSEY SENIOR TRUSTEE UNTIL 9/2023 2.0 0.0 X 0 0 0 KNEELAND YOUNGBLOOD TRUSTEE 2.0 0.0 X 0 0 0 MARGARET A STEURBAUT INT VP ADMIN & CFO AS OF 7/23 40.0 0.0 X 0 0 0 15639038 0 2316362 6542 true true false APPLIED PHYSICS LABORATORY 11100 JOHNS HOPKINS ROAD LAUREL MD 207236099 RESEARCH & DEVELOP 100339940 BALL AEROSPACE TECHNOLOGIES CORP 33306 COLLECTION CENTER DRIVE CHICAGO IL 609930333 AEROSPACE 64822217 MANTECH ADVANCED SYSTEMS 12015 LEE JACKSON HIGHWAY FAIRFAX VA 220333300 INFORMATION TECH 58370652 PERATON INC 12975 WORLDGATE DRIVE HERNDON VA 201706008 INFORMATION TECH 53077804 RAYTHEON 2000 EAST EL SEGUNDO BLVD EL SEGUNDO CA 902450902 AEROSPACE 39547673 1059 323894000 358985000 9659000 682879000 JPL AND OTHER AWARDS 900099 2844187000 2844187000 STUDENT TUITION 611600 160806000 160806000 USE OF FACILITIES 900099 5543000 5543000 SALES AND SERVICES 900099 51452000 29149000 4640000 17663000 3061988000 57017000 21536000 35481000 0 2320000 2320000 286000 5000 281000 0 281000 281000 877618000 12992000 833658000 12259000 43960000 733000 44693000 44693000 0 0 0 0 0 0 0 0 0 ADVERTISING & FILMING 900099 116000 116000 OTHER GAINS 900099 84150000 84150000 84266000 3933444000 3039685000 26292000 184588000 X 121000 121000 121583000 121583000 212000 212000 0 0 12910000 3682000 6914000 2314000 3218000 2252000 788000 178000 1556297000 1506140000 39645000 10512000 147264000 142885000 3435000 944000 132383000 118545000 11228000 2610000 99875000 96650000 2550000 675000 0 0 0 0 17813000 5229000 12584000 0 1632000 0 1632000 0 424000 0 424000 0 0 18522000 0 18522000 0 27396000 21322000 4828000 1246000 409000 234000 159000 16000 414082000 411928000 340000 1814000 9000000 7886000 1090000 24000 295000 276000 18000 1000 82767000 73297000 9066000 404000 41430000 40399000 517000 514000 0 0 0 0 11378000 10925000 368000 85000 62389000 61679000 640000 70000 0 0 0 0 95745000 93333000 2175000 237000 7326000 7290000 36000 0 CONTRACT SERVICES 876639000 876639000 0 0 JPL POST EMPLYMNT OBLIGATION -18675000 -18675000 0 0 INTERNAL ALLOCATIONS 0 0 -5159000 5159000 ENDOWMENT RECOVERY -17943000 0 0 -17943000 3704492000 3583832000 111800000 8860000 X 0 0 239868000 275327000 147749000 327461000 311044000 359692000 0 0 0 0 1476410 1667116 0 0 502344000 521797000 2603805000 1379665000 1165563000 1224140000 1576240000 1674213000 2391830590 2553769884 0 0 0 0 0 0 6336115000 6938067000 592566000 616265000 0 0 70666000 132124000 195000000 195000000 84388000 84713000 0 0 0 0 1384561000 1421716000 246767000 190751000 2573948000 2640569000 X 528841000 706033000 3233326000 3591465000 3762167000 4297498000 6336115000 6938067000 X 228952000 318941000 -12562000 X X false true X true true true X 398568000 454711000 554641000 556079000 682879000 2646878000 0 0 398568000 454711000 554641000 556079000 682879000 2646878000 150363988 2496514012 62359000 31611000 46297000 30513000 38087000 208867000 0 0 0 0 0 84266000 84266000 2940011000 14463240000 0.84915 0.92048 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 424016 false false 424016 false LOBBYING ACTIVITY EXPLANATION SCHEDULE C, PART II-B, LINE 1 THE INSTITUTE RETAINS A CONSULTING FIRM TO MONITOR LEGISLATIVE DEVELOPMENTS AND TO COUNSEL IT ON GOVERNMENT RELATIONS MATTERS. THE CONSULTANT MAY ESTABLISH DIRECT CONTACT WITH LEGISLATORS, THEIR STAFFS, GOVERNMENT OFFICIALS, AND LEGISLATIVE BODIES AND ENGAGE IN COMMUNICATION WHICH MAY BE CONSIDERED COMMUNICATION THAT ATTEMPTS TO INFLUENCE LEGISLATION. FURTHER, THE INSTITUTE'S STAFF, IN THE COURSE OF NECESSARY COMMUNICATIONS WITH GOVERNMENT OFFICIALS AND INFORMATIONAL PUBLIC EDUCATION ACTIVITIES, MAY FROM TIME TO TIME ENGAGE IN COMMUNICATION WHICH MAY BE CONSIDERED TO INFLUENCE LEGISLATION. TOTAL LOBBYING EXPENDITURES INCLUDE THE TOTAL OF ALL EXPENDITURES IN ALL ACCOUNTS THAT THE INSTITUTE BELIEVES MAY POTENTIALLY HAVE ANY RELATIONSHIP TO LOBBYING. THIS AMOUNT INCLUDES ALL OFFICE BUDGET EXPENDITURES OF THE INSTITUTE'S OFFICE OF EXTERNAL RELATIONS THAT ARE EXPENDED FOR LOBBYING ACTIVITIES. THE INSTITUTE IS A MEMBER OF CERTAIN PROFESSIONAL AND ACADEMIC ORGANIZATIONS THAT HAVE REGISTERED TO LOBBY ON BEHALF OF MEMBERSHIP. ALTHOUGH A SMALL PORTION OF THE INSTITUTE'S MEMBERSHIP DUES MAY BE USED FOR LOBBYING, THE AMOUNT IS IMMATERIAL. THE INSTITUTE'S MEMBERSHIP IN THESE ORGANIZATIONS IS FOR THE PURPOSE OF HAVING ACCESS TO THE MOST CURRENT INFORMATION ON GOVERNMENT AND BUSINESS DEVELOPMENTS AS THEY RELATE TO COLLEGES AND UNIVERSITIES, AND NOT FOR ANY LOBBYING EFFORT. X X false false true X 3428503000 42120000 324476000 33415000 127732000 35168000 3598784000 4041566000 99535000 -533278000 30480000 114560000 34280000 3428503000 3100590000 111502000 1003390000 30026000 110022000 33868000 4041566000 2986660000 70073000 213522000 29172000 109185000 31308000 3100590000 2906200000 91270000 149358000 27576000 103105000 29487000 2986660000 0.20320 0.79000 0.00680 false false 38446000 38446000 1658447000 808507000 849940000 698084000 571158000 126926000 208828000 208828000 1224140000 ALTERNATIVE SECURITIES 1053327000 F PRIVATE EQUITY 945249000 F REAL ASSETS 555193884 F 2553769884 0 ACCUMULATED POST RET. BENEFIT 190751000 190751000 X 4116639000 318941000 -135746000 183195000 3933444000 3933444000 3576574000 3576574000 18523000 109395000 127918000 3704492000 SCHEDULE D, PART III, LINE 1A THE INSTITUTE DOES NOT CAPITALIZE ITS COLLECTION ITEMS. DUE TO THE IMMATERIALITY OF THE EFFECT OF COLLECTIONS PRACTICES ON ITS FINANCIAL STATEMENTS, THE INSTITUTE DOES NOT DISCLOSE ITS COLLECTIONS POLICIES. SCHEDULE D, PART III, LINE 4 THE INSTITUTE MAINTAINS A COLLECTION OF INSTITUTIONAL RECORDS, DOCUMENTS, ARTIFACTS, AND SPECIMENS FOR HISTORICAL PRESERVATION, INSTRUCTION, AND SCHOLARLY RESEARCH. SCHEDULE D, PART IV, LINE 2B THE INSTITUTE IS THE TRUSTEE OF DONOR ANNUITIES AND TRUST AGREEMENTS AND MANAGES CERTAIN INVESTMENT FUNDS FOR OTHERS, SUCH AS RELATED ORGANIZATIONS. SCHEDULE D, PART V, LINE 4 THE INSTITUTE'S ENDOWMENT IS COMPRISED OF DONOR-RESTRICTED AND BOARD-DESIGNATED FUNDS HELD FOR LONG-TERM INVESTMENT. THROUGH AN ANNUAL SPENDING ALLOCATION, THE ENDOWMENT SUPPORTS THE MISSION OF EDUCATION AND RESEARCH AND GENERAL OPERATING ACTIVITIES OF THE INSTITUTE. THE INSTITUTE'S ENDOWMENT SPENDING POLICY INCLUDES A BOARD OF TRUSTEES-APPROVED ENDOWMENT SPENDING FORMULA WHICH TAKES INTO CONSIDERATION THE PRIOR YEAR'S SPENDING, INFLATION FACTORS, AND ENDOWMENT GROWTH. THE INSTITUTE INVESTS ENDOWMENT ASSETS TARGETED TO EARN AN AVERAGE ANNUAL TOTAL RETURN THAT EXCEEDS INFLATION BY AT LEAST THE AMOUNT REQUIRED TO SUPPORT THE ENDOWMENT SPENDING. ALL ENDOWMENT ASSETS ARE HELD IN THE INVESTMENT POOL UNLESS SPECIAL CONSIDERATIONS OR DONOR STIPULATIONS REQUIRE THAT THEY BE INVESTED SEPARATELY. TOTAL RETURN INCLUDES BOTH CAPITAL APPRECIATION/DEPRECIATION (REALIZED AND UNREALIZED GAINS/LOSSES) AND INVESTMENT INCOME (INCLUDING INTEREST, DIVIDENDS, AND ROYALTIES). THE INSTITUTE TARGETS A DIVERSIFIED ASSET ALLOCATION, INCLUDING INVESTMENTS IN BOTH PUBLIC MARKETS AND IN ALTERNATIVE INVESTMENTS, WITHIN RISK CONSTRAINTS DEEMED TO BE PRUDENT. SCHEDULE D, PART VII, LINE 3A ALTERNATIVE SECURITIES INCLUDE, BUT ARE NOT LIMITED TO, SUBSTANTIAL INVESTMENT HOLDINGS THAT ARE ILLIQUID AND/OR CONTAIN VARIOUS REDEMPTION RESTRICTIONS. SCHEDULE D, PART X, LINE 2 THE INSTITUTE IS GENERALLY EXEMPT FROM FEDERAL TAXES ON INCOME RELATED TO ITS CHARITABLE PURPOSE UNDER THE PROVISIONS OF IRC SECTION 501(C)(3) AND FROM CALIFORNIA AND OTHER STATE INCOME TAXES UNDER CORRESPONDING STATE LAWS. THE INSTITUTE IS SUBJECT TO BOTH FEDERAL AND STATE INCOME TAXES ON INCOME FROM CERTAIN ACTIVITIES NOT SUBSTANTIALLY RELATED TO ITS EXEMPT PURPOSE. AT SEPTEMBER 30, 2023 AND 2022, THE INSTITUTE MAINTAINED A FULL VALUATION ALLOWANCE ON ITS DEFERRED TAX ASSETS. THE VALUATION ALLOWANCE REDUCED NET DEFERRED TAX ASSETS, WHICH ARE PRIMARILY DUE TO TAX LOSSES FROM CERTAIN INVESTMENT ACTIVITIES, TO A VALUE OF $0. BASED ON ITS ANALYSIS OF THE UNCERTAINTIES SURROUNDING BOTH THE TIMING AND AMOUNTS OF POTENTIAL FUTURE NET TAXABLE INCOME, THE INSTITUTE HAS ASSUMED THAT IT IS MORE LIKELY THAN NOT THAT THE INSTITUTE WILL NOT REALIZE THE DEFERRED TAX ASSETS. THE INSTITUTE HAS NOT PROVIDED FOR ANY UNCERTAIN TAX POSITIONS AT SEPTEMBER 30, 2023 AND 2022. THE INSTITUTE IS SUBJECT TO A FEDERAL EXCISE TAX ON NET INVESTMENT INCOME. THE INSTITUTE'S DEFERRED TAX LIABILITY RELATED TO THE EXCISE TAX WAS $10,947 AND $7,288 AT SEPTEMBER 30, 2023 AND 2022, RESPECTIVELY. SCHEDULE D, PART XI, LINE 2D RECLASSIFY FINANCIAL AID NETTED WITH TUITION (109,395,000) CHANGES IN FAIR VALUE OF INTEREST RATE SWAP 10,114,000 ENDOWMENT RECOVERY (17,942,000) INVESTMENT MANAGEMENT FEES (18,523,000) -------------- TOTAL (135,746,000) ============== SCHEDULE D, PART XII, LINE 4B FINANCIAL AID EXPENSES 109,395,000 ------------ TOTAL 109,395,000 ============ true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 THE INSTITUTE CUSTOMARILY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS ON A NATIONWIDE AND WORLDWIDE BASIS AND FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY. THE INSTITUTE HAS INCLUDED A STATEMENT OF ITS RACIALLY NONDISCRIMINATORY POLICY ON ITS PRIMARY PUBLICLY ACCESSIBLE INTERNET HOMEPAGE AT ALL TIMES DURING THE TAXABLE YEAR. SCHEDULE 3, PART I, LINE 6A THE INSTITUTE RECEIVES GRANTS AND ENTERS INTO CONTRACTS WITH VARIOUS AGENCIES OF THE U.S. GOVERNMENT, THE STATE OF CALIFORNIA, AND LOCAL GOVERNMENT UNITS FOR RESEARCH, TRAINING, AND STUDENT AID. true Central America and the Caribbean 0 0 Investments 1309628844 Central America and the Caribbean 0 0 Program Services SCIENTIFIC RESEARCH 987849 East Asia and the Pacific 0 0 Investments 5580471 East Asia and the Pacific 0 0 Program Services SCIENTIFIC RESEARCH 4131955 Europe (Including Iceland and Greenland) 0 0 Investments 151435710 Europe (Including Iceland and Greenland) 4 8 Program Services SCIENTIFIC RESEARCH 58446674 Middle East and North Africa 0 0 Investments 2754991 Middle East and North Africa 0 0 Program Services SCIENTIFIC RESEARCH 350921 North America 0 0 Investments 4566083 North America 0 0 Program Services SCIENTIFIC RESEARCH 4323075 Russia and the Newly Independent States 0 0 Investments 603610 Russia and the Newly Independent States 0 0 Program Services SCIENTIFIC RESEARCH 5365 South America 0 0 Investments 4409301 South America 0 0 Program Services SCIENTIFIC RESEARCH 255739 South Asia 0 0 Investments 786914 South Asia 1 4 Program Services SCIENTIFIC RESEARCH 3184260 Sub-Saharan Africa 0 0 Investments 3938517 Sub-Saharan Africa 0 0 Program Services SCIENTIFIC RESEARCH 1008727 5 12 0 0 5 12 1555390279 1008727 1556399006 STUDY ABROAD Europe (Including Iceland and Greenland) 22 212395 WIRE TRANSFE true false true true true true SCHEDULE F, PART I, LINES 1 AND 2 RECORDS FOR THE INSTITUTE'S STUDY ABROAD PROGRAM ARE MAINTAINED BY THE OFFICE OF FELLOWSHIPS ADVISING AND STUDY ABROAD. THIS OFFICE IS RESPONSIBLE FOR MONITORING THE USE OF FUNDS UNDER ESTABLISHED GUIDELINES. SCHEDULE F, PART I, LINE 3 THE INSTITUTE IS ABLE TO IDENTIFY EXPENDITURES THROUGH ITS BOOKS AND RECORDS. EXPENDITURES FOR ALL PROGRAM SERVICES ARE MADE AT FAIR VALUE WITH THE OBJECTIVE OF OBTAINING THE BEST RATES AVAILABLE. THE INSTITUTE'S INVESTMENT OFFICE IS RESPONSIBLE FOR ALL FOREIGN AND DOMESTIC INVESTMENTS. ALL INVESTMENTS ARE MADE AT FAIR MARKET VALUE (FMV). SCHEDULE F, PARTS I & III EXPENDITURES PER REGION ARE REPORTED ON AN ACCRUAL BASIS, WHICH IS THE METHOD USED TO ACCOUNT FOR THEM IN THE INSTITUTE'S BOOKS AND RECORDS. true CALTECH Y 1200 E CALIFORNIA BLVD PASADENA CA 91125 951684790 501(C)(3) 75000 ASSIST RELATED ORG. UNITED WAY GREATER LOS ANGELES 1150 S OLIVE ST LOS ANGELES CA 90015 952274801 501(C)(3) 46000 DESIGNATED ASSISTANCE 2 STUDENT AID 1881 121583000 SCHEDULE I, PART I, LINE 2 THE INSTITUTE'S GRANTS AND ASSISTANCE WITHIN THE UNITED STATES CONSIST PRIMARILY OF SCHOLARSHIPS AND FELLOWSHIPS AWARDED TO STUDENTS. STUDENTS ARE SELECTED FOR SCHOLARSHIPS AND FELLOWSHIPS BASED ON ACADEMIC ACHIEVEMENT, FINANCIAL NEEDS, AND SIMILAR STANDARDS. VARIOUS INSTITUTE OFFICES MONITOR ELIGIBILITY AND SATISFACTORY ACADEMIC PROGRESS BY GRANTEES. THE INSTITUTE MAKES AN ANNUAL $75,000 GRANT TO THE CALTECH Y. IN ADDITION, THE INSTITUTE ALLOWS THE CALTECH Y THE USE OF FACILITIES ON CAMPUS FREE OF CHARGE. THE CALTECH Y IS A RELATED ORGANIZATION WHOSE MISSION IS TO SUPPORT THE STUDENTS OF CALTECH THROUGH VARIOUS ACTIVITIES. THE INSTITUTE ALSO MAKES AN ANNUAL DONATION (DESIGNATED ASSISTANCE) TO THE UNITED WAY OF GREATER LOS ANGELES. INSTITUTE OFFICES MONITOR THE GRANTEES' PERFORMANCE ACCORDING TO THEIR RESPECTIVE PROGRAM SERVICES GOALS AND / OR PURSUANT TO OTHER AGREEMENTS. SCHEDULE I, PART III COLUMN (C) CASH GRANTS REPRESENT CREDIT ON ACCOUNTS. X X X true true X X X false true false false false false false true true true THOMAS F ROSENBAUM PRESIDENT AND TRUSTEE 1468208 0 750000 0 526 0 46521 0 80306 0 2345561 0 0 0 SCOTT H RICHLAND CHIEF INVESTMENT OFFICER 599301 0 378270 0 20500 0 389421 0 31571 0 1419063 0 0 0 LAURIE A LESHIN VP & DIRECTOR, JPL 532381 0 351407 0 154279 0 23150 0 20287 0 1081504 0 0 0 DEXTER A BAILEY VP ADV & ALUMNI RELATIONS 661598 0 200000 0 92506 0 34321 0 59163 0 1047588 0 0 0 PASY I WANG SR MG DIR OF INVST UNTIL 9/22 292349 0 533881 0 35556 0 29151 0 32267 0 923204 0 298881 0 DOUGLAS N MACBEAN SR MANAGING DIR. INVESTMENTS 384148 0 350423 0 20500 0 136821 0 30859 0 922751 0 57260 0 LARRY D JAMES DEPUTY DIRECTOR, JPL 578960 0 218755 0 20500 0 46521 0 11477 0 876213 0 0 0 DAVID A TIRRELL PROVOST 777676 0 0 0 0 0 46521 0 15264 0 839461 0 0 0 JENNIFER T LUM GENERAL COUNSEL 640999 0 0 0 21109 0 46521 0 71465 0 780094 0 0 0 KAREN L SISSON VP ADMIN & CFO UNTIL 7/23 700608 0 0 0 0 0 46521 0 28862 0 775991 0 0 0 ROBERT P KIRSHNER ASTRONOMY PROF & EXEC DIR, TIO 481010 0 100000 0 85503 0 23150 0 12891 0 702554 0 0 0 BRIAN CHEN MNG DIR, PVT INVEST UNTIL 4/23 341087 0 175692 0 0 0 112071 0 40011 0 668861 0 0 0 ALISTAIR W THISTLETHWAITE MNG DIR, PUBLIC/ALT SECURITIES 334399 0 175692 0 15750 0 112071 0 14400 0 652312 0 0 0 CATHY A LIGHT SECRETARY, BOARD OF TRUSTEES 428880 0 0 0 88309 0 46521 0 32905 0 596615 0 0 0 DIANA JERGOVIC VP STRATEGY IMPLEMENTATION 524718 0 0 0 526 0 34321 0 12337 0 571902 0 0 0 SHARON E PATTERSON ASSOC. VP FOR FIN & TREAS. 424911 0 0 0 12000 0 46521 0 19346 0 502778 0 0 0 SAMMY A KAYALI CFO & DIR FOR LAB OPS INTEGRA. 380360 0 12500 0 21026 0 46521 0 22267 0 482674 0 0 0 MARC J GOETTEL FORMER DIR OF BUS OPS, JPL 322731 0 7500 0 20500 0 46521 0 28143 0 425395 0 0 0 MATTHEW W BREWER CONTROLLER 308806 0 0 0 467 0 34321 0 37023 0 380617 0 0 0 JOSEPH E SHEPHERD FORMER VP STUDENT AFFAIRS 300469 0 0 0 544 0 46521 0 31847 0 379381 0 0 0 KEVIN M GILMARTIN VP STUDENT AFFAIRS 311022 0 0 0 552 0 46521 0 19186 0 377281 0 0 0 MICHAEL M WATKINS FORMER VP & DIRECTOR, JPL 279416 0 0 0 21028 0 46116 0 13261 0 359821 0 0 0 CAROL J SCHUIL FORMER EA TO PRES/ASST.SEC. 277618 0 0 0 444 0 37971 0 23491 0 339524 0 0 0 DEBORAH K RODDAY SR DIR/ASST. SEC 210957 0 0 0 372 0 30271 0 11953 0 253553 0 0 0 ARTURO AGUAYO ASSISTANT TREASURER 189455 0 0 0 354 0 20032 0 40861 0 250702 0 0 0 SCHEDULE J, PART I, LINE 1A FIRST CLASS TRAVEL: PURSUANT TO A WRITTEN POLICY, FIRST CLASS OR BUSINESS TRAVEL IS PERMITTED FOR CERTAIN EMPLOYEES UNDER CERTAIN CIRCUMSTANCES FOR BUSINESS PURPOSES. DURING CALENDAR YEAR 2022, TWO OFFICERS AND TWO HIGHEST COMPENSATED EMPLOYEES RECEIVED FIRST CLASS OR CHARTER TRAVEL BENEFITS. TRAVEL FOR BUSINESS PURPOSES IS NOT INCLUDED IN TAXABLE WAGES. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS: DURING CALENDAR YEAR 2022, ONE OFFICER AND ONE HIGHEST COMPENSATED EMPLOYEE RECEIVED TAX INDEMNIFICATION AND GROSS-UP PAYMENTS. HOUSING ALLOWANCE: HOUSING ALLOWANCES ARE PROVIDED TO CERTAIN OFFICERS, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES AS PART OF THE INSTITUTE'S SALARY SUPPLEMENT HOUSING PROGRAM, WHICH IS GOVERNED BY A WRITTEN POLICY. DURING CALENDAR YEAR 2022, THREE OFFICERS RECEIVED HOUSING ALLOWANCE BENEFITS. PAYMENTS UNDER THIS PROGRAM ARE INCLUDED IN TAXABLE WAGES. ADDITIONALLY, THE PRESIDENT OCCUPIES AN INSTITUTE-OWNED RESIDENCE ON ITS CAMPUS AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE INSTITUTE. THE PRESIDENT'S NONTAXABLE BENEFITS IN SCHEDULE J, PART II, COLUMN (D) INCLUDE $64,771, WHICH IS AN ESTIMATE OF THE ANNUAL RENTAL VALUE OF THE PERSONAL SPACE OCCUPIED IN THAT RESIDENCE. SCHEDULE J, PART I, LINE 4B TERMS AND CONDITIONS OF PERFORMANCE COMPENSATION PLANS FOR INVESTMENT PROFESSIONALS: IN 2011, THE INSTITUTE ESTABLISHED A PERFORMANCE COMPENSATION PLAN ("PLAN") TO ASSIST WITH RECRUITMENT AND RETENTION FOR ITS INVESTMENT OFFICE. UNDER THE TERMS OF THE PLAN, PARTICIPANTS ARE ELIGIBLE FOR CERTAIN AWARDS BASED UPON THE PERFORMANCE OF THE INSTITUTE'S INVESTMENT OFFICE EACH CALENDAR YEAR, AS MEASURED BY CERTAIN QUANTITATIVE AND QUALITATIVE FACTORS. IN 2017, THE PLAN WAS SPLIT INTO TWO SEPARATE PERFORMANCE COMPENSATION PLANS, ONE FOR THE CHIEF INVESTMENT OFFICER AND ONE FOR THE INVESTMENT OFFICE STAFF. DURING CALENDAR YEAR 2022, FIVE INDIVIDUALS REPORTED IN SCHEDULE J - SCOTT RICHLAND, PASY WANG, DOUGLAS MACBEAN, ALISTAIR THISTLETHWAITE AND BRIAN CHEN - RECEIVED SUCH COMPENSATION. SCOTT RICHLAND PARTICIPATES IN THE CHIEF INVESTMENT OFFICER PERFORMANCE COMPENSATION PLAN, WHILE PASY WANG, DOUGLAS MACBEAN, ALISTAIR THISTLETHWAITE AND BRIAN CHEN PARTICIPATE IN THE INVESTMENT OFFICE STAFF PERFORMANCE COMPENSATION PLAN. UNDER BOTH PLANS, 50% OF THE AWARDS ARE PAID AFTER THE CONCLUSION OF THE PLAN YEAR (WHICH COINCIDES WITH THE CALENDAR YEAR), WHILE THE REMAINING 50% OF EACH YEAR'S AWARD IS DEFERRED, VESTS AND IS PAID IN THREE ANNUAL INSTALLMENTS, AS ADJUSTED BY THE POSITIVE OR NEGATIVE PERFORMANCE OF THE ENDOWMENT EACH YEAR. UNDER CERTAIN CIRCUMSTANCES, SUBJECT TO A MINIMUM NUMBER OF YEARS OF PARTICIPATION IN THE PLAN, PREVIOUSLY DEFERRED, BUT UNVESTED, AMOUNTS MAY BE PAID TO THE PARTICIPANT BASED UPON THEIR AGE AND LENGTH OF SERVICE ("SPECIAL VESTING"). NO SUCH SPECIAL VESTING OCCURRED IN 2022. FOR PASY WANG, DOUGLAS MACBEAN, ALISTAIR THISTLETHWAITE AND BRIAN CHEN, THE INDIVIDUAL AMOUNTS IN COLUMN B(II) (BONUS AND INCENTIVE COMPENSATION) COMPRISE PLAN CASH AMOUNTS PAID PURSUANT TO THE PLAN DURING CALENDAR YEAR 2022 AND REPRESENT THE AGGREGATE OF 50% OF EACH EMPLOYEE'S RESPECTIVE AWARD FROM CALENDAR YEAR 2021, AS WELL AS INSTALLMENTS OF AMOUNTS DEFERRED FROM PLAN YEARS 2018-2020. SCOTT RICHLAND, HOWEVER, HAD VESTED IN ALL OUTSTANDING DEFERRED AWARDS EFFECTIVE JANUARY 1, 2021 THROUGH SPECIAL VESTING. THEREFORE, THE INDIVIDUAL AMOUNT REPORTED FOR SCOTT RICHLAND IN COLUMN B(II) (BONUS AND INCENTIVE COMPENSATION) ONLY INCLUDES 50% OF HIS AWARD EARNED IN CALENDAR YEAR 2021 AND PAID IN CALENDAR YEAR 2022. FOR SCOTT RICHLAND, DOUGLAS MACBEAN, ALISTAIR THISTLETHWAITE AND BRIAN CHEN, AMOUNTS IN COLUMN C (RETIREMENT AND OTHER DEFERRED COMPENSATION) INCLUDE DEFERRED INCENTIVE COMPENSATION AWARDS EARNED IN CALENDAR YEAR 2022 THAT ARE SUBJECT TO FORFEITURE UNDER CERTAIN CIRCUMSTANCES. SUCH AMOUNTS WOULD BE PAID IN INSTALLMENTS, ALONG WITH ANY PRIOR YEARS' DEFERRALS, IN CALENDAR YEAR 2023 AND BEYOND. FOR PASY WANG, COLUMN C (RETIREMENT AND OTHER DEFERRED COMPENSATION) DOES NOT INCLUDE ANY DEFERRED INCENTIVE COMPENSATION AWARDS BECAUSE, DUE TO HER RESIGNATION FROM THE INSTITUTE DURING CALENDAR YEAR 2022, SHE FORFEITED HER ELIGIBILITY TO RECEIVE HER 2022 AWARD, AS WELL AS ALL PRIOR YEARS' REMAINING DEFERRALS. SCHEDULE J, PART I, LINE 7 CERTAIN INDIVIDUALS LISTED IN PART II OF SCHEDULE J RECEIVED BONUSES IN RECOGNITION OF EXCELLENT JOB PERFORMANCE OR AS A NEGOTIATED PAYMENT AT THE BEGINNING OF AN EMPLOYMENT ARRANGEMENT. BONUS RECIPIENTS' NAMES AND AMOUNTS PAID ARE SHOWN IN SCHEDULE J, PART II, COLUMN B(II) (BONUS AND INCENTIVE COMPENSATION). SCOTT RICHLAND (CHIEF INVESTMENT OFFICER), PASY WANG (FORMER SENIOR MANAGING DIRECTOR, INVESTMENTS), DOUGLAS MACBEAN (SENIOR MANAGING DIRECTOR, INVESTMENTS), ALISTAIR THISTLETHWAITE (MANAGING DIRECTOR, PUBLIC AND ALTERNATIVE SECURITIES) AND BRIAN CHEN (MANAGING DIRECTOR, PRIVATE INVESTMENTS): THE INSTITUTE OFFERS PERFORMANCE-BASED COMPENSATION TO CERTAIN INVESTMENT PROFESSIONALS BASED UPON THE INSTITUTE'S INVESTMENT PERFORMANCE AND OTHER FACTORS. SEE RESPONSE TO LINE 4B ABOVE. SCHEDULE J, PART I, LINE 8 LAURIE LESHIN (VP & DIRECTOR, JPL) AND ROBERT KIRSHNER (ASTRONOMY PROFESSOR & EXECUTIVE DIRECTOR, TIO) BOTH RECEIVED FIXED AMOUNTS UNDER INITIAL CONTRACT EXCEPTIONS. A CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 13017BEZ5 2006-07-12 165000000 FIN VAR CAP PROJECTS REFUND SER 03 false false false A 0 0 184062305 0 0 0 1340471 0 0 93471835 89250000 0 2010 false true true true A false true false true true 0.00900 0.00100 0.01000 false false true A false false true true true true THE BANK OF NEW YORK 30.3 false false true CITIGROUP GLOBAL TRA 2. true false true A true COLUMN A: PART I (F) - BOND PROCEEDS WERE ISSUED TO FINANCE VARIOUS CAPITAL PROJECTS AND REFUND THE SERIES 2003 BONDS (ISSUED ON 01/15/2003). PART II, LINE 3 - THE TOTAL PROCEEDS SHOWN IN PART II, LINE 3 DIFFERS FROM THE ISSUE PRICE SHOWN IN PART I, (E) DUE TO INTEREST EARNINGS ON INVESTED PROCEEDS. PART III, LINE 7 - AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE SECURITY OR PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY OR PAYMENT TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE REPORTED IN PART III, LINE 6 IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. PART IV, LINE 2C - THE REBATE COMPUTATION WAS PERFORMED ON AUGUST 20, 2012, FOR THE COMPUTATION PERIOD ENDING ON JULY 1, 2012. NA N/A 60657 SCHOLARSHIPS EDUCATION Pedro Pizarro TRUSTEE 167673 FAM. MEMBER(S) EMPLOYED BY CIT false THOMAS ROSENBAUM OFFICER & TRUSTEE 352934 FAM. MEMBER(S) EMPLOYED BY CIT false SHIRLEY MALCOM TRUSTEE 521906 FAM. MEMBER(S) EMPLOYED BY CIT false STEPHEN ONDERDONK TRUSTEE 516072 FAM. MEMBER(S) EMPLOYED BY CIT false CAROL SCHUIL EA TO PRES/ASST SEC 96592 FAM. MEMBER(S) EMPLOYED BY CIT false SEAN BAILEY TRUSTEE 101460 FAM. MEMBER(S) EMPLOYED BY CIT false JON KUTLER TRUSTEE 133579 FAM. MEMBER(S) EMPLOYED BY CIT false GLENAIR INC SEE PART V 2458781 SEE PART V false THE WONDERFUL COMPANY LLC SEE PART V 60989857 SEE PART V false CANYON CAPITAL ADVISORS LLC SEE PART V 166864 SEE PART V false HIMALAYA CAPITAL MANAGEMENT LP SEE PART V 102897 SEE PART V false SCHEDULE L, PART III, LINE 1 PER THE IRS INSTRUCTIONS FOR SCHEDULE L, AND DUE TO STUDENT PRIVACY CONSIDERATIONS, INTERESTED PERSONS AND THEIR FAMILY MEMBERS TO WHOM THE INSTITUTE PROVIDES SCHOLARSHIPS, FELLOWSHIPS, AND SIMILAR FINANCIAL ASSISTANCE ARE NOT IDENTIFIED. SCHEDULE L, PART IV NAME OF PERSON: GLENAIR, INC. ("GLENAIR") RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: GLENAIR IS A 35%-OR-GREATER CONTROLLED ENTITY OF PETER D. KAUFMAN, WHO IS CHAIRMAN AND CEO OF GLENAIR, AS WELL AS A TRUSTEE OF THE INSTITUTE. AMOUNT OF TRANSACTIONS: AGGREGATE $2,458,781 FOR THE YEAR ENDED SEPTEMBER 30, 2023. DESCRIPTION OF TRANSACTIONS: GLENAIR IS A U.S.-BASED COMPANY THAT SPECIALIZES IN THE MANUFACTURING OF ELECTRONIC COMPONENTS. THE INSTITUTE HAS PROCURED COMPONENTS FROM GLENAIR IN THE NORMAL COURSE OF BUSINESS, AT ARM'S LENGTH, AND IN ACCORDANCE WITH INSTITUTE PROCUREMENT POLICIES AND PROCEDURES. SCHEDULE L, PART IV NAME OF PERSON: THE WONDERFUL COMPANY, LLC ("TWC") RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: TWC IS A 35%-OR-GREATER CONTROLLED ENTITY OF STEWART A. RESNICK, WHO IS CHAIRMAN AND PRESIDENT OF TWC, AS WELL AS A TRUSTEE OF THE INSTITUTE. AMOUNT OF TRANSACTIONS: AGGREGATE $60,989,857 FOR THE YEAR ENDED SEPTEMBER 30, 2023. DESCRIPTION OF TRANSACTIONS: TWC IS A U.S.-BASED, PRIVATELY HELD COMPANY THAT PRODUCES AND MARKETS A WIDE RANGE OF AGRICULTURAL PRODUCTS AND FUNDS VARIOUS ENVIRONMENTAL SUSTAINABILITY EFFORTS. PURSUANT TO A SPONSORED RESEARCH AGREEMENT, TWC FUNDED RESEARCH AND DEVELOPMENT AT THE INSTITUTE IN THE AREAS OF SOLAR SCIENCE, WATER AND ENVIRONMENTAL RESOURCES, ECOLOGICAL ENGINEERING, AND RELATED FIELDS. THIS AGREEMENT WAS ENTERED INTO ON STANDARD TERMS FOR SUCH INSTITUTE AGREEMENTS. SCHEDULE L, PART IV NAME OF PERSON: CANYON CAPITAL ADVISORS, LLC ("CANYON") RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: CANYON IS A 35%-OR-GREATER CONTROLLED ENTITY OF JOSHUA S. FRIEDMAN, WHO IS A FOUNDING PARTNER, CO-CHAIRMAN, AND CO-CEO OF CANYON, AS WELL AS A TRUSTEE OF THE INSTITUTE. AMOUNT OF TRANSACTION: MANAGEMENT FEES, PERFORMANCE FEES, AND EXPENSES OF $166,864 FOR THE YEAR ENDED SEPTEMBER 30, 2023. DESCRIPTION OF TRANSACTION: THE INSTITUTE IS AN INVESTOR IN TWO FUNDS MANAGED BY CANYON. THE INVESTMENT WITH CANYON WAS MADE DURING THE INSTITUTE'S FISCAL YEAR 2012. THE TRANSACTIONS WERE ENTERED INTO AT ARM'S LENGTH AFTER AN INDEPENDENT COMMITTEE OF TRUSTEES CONSIDERED THE TRANSACTION IN ACCORDANCE WITH INSTITUTE POLICY. DURING THE YEAR ENDED SEPTEMBER 30, 2023, THE INSTITUTE'S INVESTMENTS IN CANYON FUNDS INCURRED $166,864 IN MANAGEMENT FEES, PERFORMANCE FEES, AND EXPENSES. AS OF SEPTEMBER 30, 2023, ACCRUED AND UNPAID MANAGEMENT FEES, PERFORMANCE FEES, AND EXPENSES TOTALED $0. AS OF SEPTEMBER 30, 2023, CANYON HAD TOTAL ASSETS UNDER MANAGEMENT OF APPROXIMATELY $25 BILLION. SCHEDULE L, PART IV NAME OF PERSON: HIMALAYA CAPITAL MANAGEMENT, LLC ("HIMALAYA") RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: HIMALAYA IS A 35%-OR-GREATER CONTROLLED ENTITY OF LI LU, WHO IS FOUNDER AND CHAIRMAN OF HIMALAYA, AS WELL AS A TRUSTEE OF THE INSTITUTE. AMOUNT OF TRANSACTION: MANAGEMENT FEES, PERFORMANCE FEES, AND EXPENSES OF $102,897 FOR THE YEAR ENDED SEPTEMBER 30, 2023. DESCRIPTION OF TRANSACTION: THE INSTITUTE IS AN INVESTOR IN ONE FUND MANAGED BY HIMALAYA. THE INVESTMENT WITH HIMALAYA WAS MADE DURING THE INSTITUTE'S FISCAL YEAR 2014. THE TRANSACTION WAS ENTERED INTO AT ARM'S LENGTH AFTER AN INDEPENDENT COMMITTEE OF TRUSTEES CONSIDERED THE TRANSACTION IN ACCORDANCE WITH INSTITUTE POLICY. DURING THE YEAR ENDED SEPTEMBER 30, 2023, THE INSTITUTE'S INVESTMENTS IN HIMALAYA FUNDS INCURRED $102,897 IN MANAGEMENT FEES, PERFORMANCE FEES, AND EXPENSES. AS OF SEPTEMBER 30, 2023, ACCRUED AND UNPAID MANAGEMENT FEES, PERFORMANCE FEES, AND EXPENSES TOTALED $0. AS OF SEPTEMBER 30, 2023, HIMALAYA HAD TOTAL ASSETS UNDER MANAGEMENT OF APPROXIMATELY $12.9 BILLION. X 683000 APPRAISAL X 68 8139000 HI-LO AVERAGE X EQUIPMENT 18 837000 INVENTORY&PLACE MARK 1 false true true SCHEDULE M, PART I CONTRIBUTION AMOUNTS ARE PRESENTED ON THE ACCRUAL BASIS CONSISTENT WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, AND THEREFORE MAY PRODUCE DIFFERENT RESULTS FROM COMPUTATIONS USING IRS-REQUIRED METHODOLOGY APPLICABLE TO DONORS. SCHEDULE M, PART I, COLUMN (B) AMOUNTS IN THIS COLUMN REFLECT THE NUMBER OF CONTRIBUTORS. SCHEDULE M, PART I, LINE 25 EQUIPMENT DONATED FOR RESEARCH AND INSTRUCTION. SCHEDULE M, PART I, LINE 32B THE INSTITUTE MAY UTILIZE THIRD PARTY BROKERS TO SELL SECURITIES AND REAL ESTATE. FORM 990, PART I AND III, LINE 1 THE MISSION OF THE CALIFORNIA INSTITUTE OF TECHNOLOGY ("THE INSTITUTE"CALTECH") IS TO EXPAND HUMAN KNOWLEDGE AND BENEFIT SOCIETY THROUGH RESEARCH INTEGRATED WITH EDUCATION. WE INVESTIGATE THE MOST CHALLENGING, FUNDAMENTAL PROBLEMS IN SCIENCE AND TECHNOLOGY IN A SINGULARLY COLLEGIAL, INTERDISCIPLINARY ATMOSPHERE, WHILE EDUCATING OUTSTANDING STUDENTS TO BECOME CREATIVE MEMBERS OF SOCIETY. FORM 990, PART I, LINE 6 THE NUMBER IDENTIFIED IS BASED ON A REASONABLE ESTIMATE. FORM 990, PART III, LINE 4D AUXILIARY ENTERPRISES (EXPENSES $46,830,000 AND REVENUES $51,452,000) AUXILIARY ENTERPRISES IN SUPPORT OF THE INSTITUTE'S MISSION (CALTECH Y ALLOCATION) - GRANTS $75,000 CASH ALLOCATION TO RELATED ORGANIZATION SUPPORTING INSTITUTE'S MISSION (UNITED WAY GREATER LOS ANGELES) TO MATCH EMPLOYEE CONTRIBUTIONS TO UNITED WAY - GRANTS $46,000 FORM 990, PART IV, LINE 6 THE INSTITUTE HAS NO SEPARATE FUNDS OR ACCOUNTS WHERE DONORS HAVE THE RIGHT EITHER TO PROVIDE ADVICE ON THE INVESTMENT OF AMOUNTS IN THE FUNDS OR TO PROVIDE ADVICE ON DISTRIBUTION OF SUCH FUNDS OUTSIDE THE INSTITUTE. FORM 990, PART VI, LINE 2 TRUSTEES JOSHUA S. FRIEDMAN AND DR. REBECKA BELLDEGRUN - BUSINESS RELATIONSHIP TRUSTEES JOSHUA S. FRIEDMAN AND RICHARD N. MERKIN - BUSINESS RELATIONSHIP TRUSTEES JOSHUA S. FRIEDMAN AND WALTER G. KORTSCHAK - BUSINESS RELATIONSHIP TRUSTEES LI LU AND WALTER G. KORTSCHAK - BUSINESS RELATIONSHIP TRUSTEES LYNN A. BOOTH AND KENT KRESA - FAMILY RELATIONSHIP TRUSTEES WILLIAM T. GROSS AND WALTER G. KORTSCHAK - BUSINESS RELATIONSHIP FORM 990, PART VI, LINE 4 IN OCTOBER 2022, PROPOSED REVISIONS TO THE INSTITUTE'S BYLAWS WERE PRESENTED TO AND APPROVED BY THE INSTITUTE'S BOARD OF TRUSTEES. AMONG THESE CHANGES WAS THE ADDITION OF A LIMIT ON THE NUMBER OF TRUSTEES ON THE BOARD TO 60, AS WELL AS THE REMOVAL OF THE OFFICE OF SENIOR TRUSTEE (UPON THE EXPIRATION OF THE TERM OF THE LAST SERVING CURRENT SENIOR TRUSTEE). ADDITIONALLY, RATHER THAN BEING ELECTED BY THE BOARD, CORPORATE OFFICERS OF THE INSTITUTE SHALL BE DESIGNATED BY THE INSTITUTE'S PRESIDENT IN CONSULTATION WITH THE BOARD. ALSO, SEVERAL STANDING COMMITTEES' NAMES WERE REVISED ACCORDINGLY TO REFLECT THESE UPDATES. FORM 990, PART VI, LINE 11B THE INSTITUTE PREPARED FORM 990 WITH THE ASSISTANCE OF A PAID PREPARER. A DRAFT OF THE FORM 990, EXCLUDING THE NAME OF AN ANONYMOUS DONOR, WAS PRESENTED TO THE AUDIT, COMPLIANCE, AND RISK COMMITTEE FOR REVIEW AND COMMENT. A FINAL COPY OF THE FORM 990, EXCLUDING THE NAME OF AN ANONYMOUS DONOR, WAS PROVIDED TO EACH MEMBER OF THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. OTHER THAN THE NAME OF AN ANONYMOUS DONOR, NO OTHER INFORMATION WAS REDACTED FROM THE DRAFT AND FINAL COPIES OF THE FORM 990 PROVIDED TO BOARD MEMBERS. AN OFFICER OF THE INSTITUTE AND ITS PAID PREPARER, RESPECTIVELY, SIGN THE FINAL FORM 990. FORM 990, PART VI, LINE 12C EACH TRUSTEE AND OFFICER IS REQUIRED TO COMPLETE ANNUALLY A CONFLICT OF INTEREST QUESTIONNAIRE DISCLOSING POTENTIAL OR ACTUAL CONFLICTS. TRUSTEES, OFFICERS, AND KEY EMPLOYEES ARE ALSO REQUIRED TO DISCLOSE IN WRITING POTENTIAL AND ACTUAL CONFLICTS ON AN ONGOING BASIS THROUGHOUT THE YEAR. ALL CONFLICTS ARE RESOLVED IN ACCORDANCE WITH THE INSTITUTE'S WRITTEN CONFLICT OF INTEREST POLICIES. FORM 990, PART VI, LINES 15A AND 15B THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES NORMALLY REVIEWS AT LEAST ANNUALLY THE COMPENSATION OF OFFICERS AND CERTAIN EMPLOYEES, INCLUDING KEY EMPLOYEES OF THE INSTITUTE. THE EXECUTIVE COMPENSATION COMMITTEE REVIEWS COMPARABILITY DATA FROM RELEVANT SURVEYS. THE DELIBERATIONS ARE CONTEMPORANEOUSLY DOCUMENTED IN THE COMMITTEE'S MINUTES. FORM 990, PART VI, LINE 19 THE INSTITUTE'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART VII, COLUMN B ESTIMATES OF TRUSTEES' TIME DEVOTED TO INSTITUTE BUSINESS ARE BASED ON FIGURES PROVIDED BY TRUSTEES THEMSELVES OR GENERAL INSTITUTE ESTIMATES BASED ON TRUSTEES' COMMITTEE ASSIGNMENTS. TIME DEVOTED TO INSTITUTE BUSINESS BY OFFICERS, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES MAY SUBSTANTIALLY EXCEED THE ESTIMATES PROVIDED ON A REGULAR BASIS. FORM 990, PART IX, LINE 24C THE INSTITUTE RECOVERS FROM ITS ENDOWMENT INVESTMENT POOL A PORTION OF THE COSTS OF RAISING AND STEWARDING ENDOWMENTS. SUCH ENDOWMENT RECOVERY IS APPLIED AGAINST FUNDRAISING EXPENSE. THE RESULTING REDUCTION IN ENDOWMENT NET ASSETS IS REFLECTED IN OTHER CHANGES IN NET ASSETS OR FUND BALANCES ON FORM 990, PART XI, LINE 9. FORM 990, PART X, LINE 11 INVESTMENTS - PUBLICLY TRADED SECURITIES INCLUDE, BUT ARE NOT LIMITED TO, INVESTMENTS HELD DIRECTLY OR IN FUNDS AND MANAGED ACCOUNTS FOR WHICH THE UNDERLYING SECURITIES ARE PRIMARILY PUBLICLY TRADED, ALTHOUGH CERTAIN RESTRICTIONS ON THE LIQUIDITY OF SOME OF THESE HOLDINGS MAY EXIST. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS OR FUND BALANCES CHANGES IN POSTEMPLOYMENT BENEFIT OBLIGATION $ 4,375,000 ENDOWMENT RECOVERY ($ 17,943,000) LOSS ON DISPOSAL OF PROPERTY ($ 657,000) CHANGES IN FAIR VALUE OF INTEREST RATE SWAP $ 10,114,000 CHANGE IN EXCISE TAX LIABILITY ($ 8,451,000) ---------------- TOTAL ($ 12,562,000) ================ FORM 990, PART XII, LINE 1 IN ACCORDANCE WITH IRS INSTRUCTIONS, FORM 990 AND ALL SCHEDULES THEREIN (WITH THE EXCEPTION OF REQUIRED CALENDAR-YEAR REPORTING FOR COMPENSATION) HAVE BEEN COMPLETED ON THE ACCRUAL BASIS CONSISTENT WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. 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THE CALTECH ALUMNI ASSOCIATION IS A RELATED ORGANIZATION WHOSE MISSION IS TO PROVIDE EDUCATIONAL AND OTHER PROGRAMS FOR CALTECH ALUMNI AND STUDENTS. ADDITIONALLY, THE INSTITUTE PROVIDES DIRECT ADMINISTRATIVE SUPPORT, FOR A DE MINIMIS fee, TO THE TOM AND VALLEY KNUDSEN FOUNDATION, A RELATED PHILANTHROPIC FOUNDATION.