2020-08-14T08:18:47-05:00 2019-09-30 861065772 Deloitte Tax LLP 695 Town Center Drive Suite 1000 Costa Mesa CA 92626 990 2018-10-01 330435954 The Scripps Research Institute SCRI 8587841000 10550 North Torrey Pines Road La Jolla CA 92037 Jared Machado Vice President, Finance/CFO 8587841000 2020-08-13 1 John Sadoff Jr P00540589 7144367100 74.138.49.181 2020-08-13 18:47:57 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 B457E39100F69F1025E0AC0752F4D60A204E3628 2018 2020-09-23 17:36:50Z Peter Schultz 10550 North Torrey Pines Road La Jolla CA 92037 472333694 0 X www.scripps.edu X 1924 CA TSRI conducts biomedical and biochemical research and postgraduate training programs. 18 16 2238 30 -430260 -460725 347588971 366278398 2371336 2851883 15706452 15672880 14463746 27380820 380130505 412183981 15511633 15022351 0 0 150123705 200866661 202426 52468 3951238 207270027 216656487 373107791 432597967 7022714 -20413986 791941824 962297107 149007980 281456307 642933844 680840800 X The Scripps Research Institute ("TSRI") performs high impact basic biomedical research, improves the human condition by fostering translation of its discoveries into useful products and engages in the highest quality graduate scientific education and post graduate scientific training. TSRI is known for its entrepreneurial environment and its emphasis in research relating to synthetic chemistry, the relationship between molecular structure and activity and chemical biology. 0 0 379098469 2851883 Groundbreaking scientific research is conducted at TSRI campuses in La Jolla, California, and Jupiter, Florida, supported by grants, contracts and fellowships from public and private institutes and individuals. TSRI's unique structure merges basic scientific studies in biology, chemistry and bioinformatics with translational science to produce the next generation of drugs and advances in digital and precision medicine. Scientific discoveries at TSRI seed joint drug discovery projects at Calibr, a division of TSRI, creating a pipeline of drug candidates that will impact patients for years to come. The Scripps Research Translational Institute, another division of TSRI, aims to individualize healthcare by leveraging the progress being made in human genomics and combining it with the power of wireless digital technologies and artificial intelligence. 26362834 15022351 TSRI is committed to educating, training and inspiring the scientists of tomorrow. The institute's Skaggs Graduate School of Chemical and Biological Sciences, ranked one of the ten best graduate programs in the country, empowers students to make high-impact discoveries at the interface of chemistry and biology. Students in the Skaggs Graduate School are immersed in intensive laboratory research from day one and pursue ambitious investigations across scientific disciplines. Graduates of the school become educators at top universities and research institutes, thought leaders within government departments and innovators at pharmaceutical and biotechnology companies. Postdoctoral associates arrive at TSRI from all over the globe, seeking to expand their knowledge and training by working alongside our world-renowned scientists. The Scripps Fellows program identifies individuals with an outstanding record of graduate research and moves them into their own laboratories, allowing them to leapfrog their postdoctoral years of study and begin pushing the frontiers of scientific discovery. 405461303 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 0 1 0 0 0 1 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 0 1 344 0 1 2238 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 X 18 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AL CA CO DC FL GA HI IL KS KY MA MD MI MN MS NC NH NJ NM NY OH OR PA RI SC TN UT VA WI WV X Jared Machado 8587841000 3301 North Torrey Pines Court La Jolla CA 92037 Peter G Schultz President/CEO 40.00 40.00 X X 835853 0 68467 Herbert Boyer end 022819 Director 1.00 0.00 X 0 0 0 Ronald Burkle Director 1.00 0.00 X 0 0 0 Gerald Chan Director 1.00 0.00 X 0 0 0 John D Diekman Board Chair 1.00 0.00 X 0 0 0 Mark Edwards Director 1.00 0.00 X 0 0 0 Peter C Farrell PhD D Sc Director 1.00 0.00 X 0 0 0 Isy Goldwasser Director 1.00 0.00 X 0 0 0 Benedict Gross Director 1.00 0.00 X 0 0 0 William R Hearst III Director 1.00 0.00 X 0 0 0 Sherry Lansing Director 1.00 0.00 X 0 0 0 Ge Li Director 1.00 0.00 X 0 0 0 Claudia S Luttrell Director 1.00 0.00 X 0 0 0 Joel S Marcus Director 1.00 0.00 X 0 0 0 John Martin Director 1.00 0.00 X 0 0 0 Mark Pearson Director 1.00 0.00 X 0 0 0 Jeffrey Kelly Director/Professor 40.00 0.00 X 372639 0 67225 Bernard Saint-Donat PhD Director 1.00 0.00 X 0 0 0 Christopher T Walsh Director 1.00 0.00 X 0 0 0 Demetrios Andrikosstart 2719 Secretary/Legal & General Counsel 40.00 0.00 X 254992 0 57802 Tamara L Barnas end 2719 Assistant Secretary 40.00 0.00 X 100017 0 23973 Douglas A Binghamend 2719 Secretary/EVP of Scripps FL 40.00 0.00 X 300373 0 64112 Jared M Machado Treasurer/CFO 40.00 0.00 X 355152 0 71981 Matthew Tremblay Chief Operating Officer 40.00 0.00 X 462068 0 56451 Mary Wang start 2719 Assistant Secretary 40.00 0.00 X 113430 0 11229 James R Williamson VP Rsch & Academic Affairs 40.00 0.00 X 406268 0 68088 Eric Topol Professor/Exec VP 40.00 0.00 X 1046647 0 66612 Karl B Sharpless Professor 38.00 0.00 X 351983 0 67323 Kevin Eastwood Strategic Ptnrshp, Sr. Dir. 40.00 0.00 X 367624 0 45951 Steven Steinhubl Associate Professor 40.00 0.00 X 425120 0 46009 Travis S Young VP, Biologics 40.00 0.00 X 412774 0 21255 Richard A King End 42017 Former COO 40.00 0.00 X 325000 0 0 Jim C Paulson Professor/Former Interim President 40.00 0.00 X 302070 0 69332 Peter K Vogt Professor/Former Exec VP 40.00 0.00 X 315548 0 67198 Cary E Thomas CIO 40.00 0.00 X 262912 0 63996 Kaye I Wynne VP Sponsored Programs 40.00 0.00 X 805233 0 8195 7815703 0 945199 310 1 1 1 Wilson Sonsini Goodrich & Rosati PO Box 742866 Los Angeles CA 90074 Legal Services 1850910 Hogan Lovells US LLP 600 Brickell Ave Suite 2700 Miami FL 33131 Legal Services 1433235 Dorsey & Whitney LLP 50 South St Suite 1500 Minneapolis MN 55402 Legal Services 447603 Deloitte & Touche LLP PO Box 844708 Dallas TX 75284 Audit & Tax Services 378549 Cooley LLP 101 California St 5th floor San Francisco CA 94111 Legal Services 372043 27 485980 267122294 98670124 4041630 366278398 Patent Office 900099 2851883 2851883 2851883 8973734 -430260 9403994 26390739 26390739 1062209 1050525 11684 11684 11684 65628913 130470 56464890 2595347 9164023 -2464877 6699146 6699146 38951 485980 38951 0 Shared Svcs-Scripps He 900099 523938 523938 Miscellaneous Revenue 900099 454459 454459 978397 412183981 2851883 -430260 43483960 X 13030451 13030451 1991900 1991900 4032011 1472798 2559213 143278684 133837000 7468755 1972929 8382986 7755553 524284 103149 36487647 34047793 2107313 332541 8685333 8035271 543193 106869 59596 59596 52468 52468 98825860 96022814 2663930 139116 4001206 3367820 483788 149598 22654465 21025231 1573925 55309 4382688 4085861 171664 125163 1513716 1513716 31480693 31448863 9629 22201 3173421 2187190 115856 870375 Lab Supplies 29804726 27133082 2486510 185134 Utilities 13777896 13226508 47571 503817 Professional Services 10497622 7684733 2429795 383094 Rental Services -1050525 -1050525 -2464877 -2464877 432597967 405461303 23185426 3951238 14276794 82702358 57168704 68183652 727597 595679 2162031 852107 6486461 25068259 781399176 469945264 312313018 311453912 189677483 245761820 204146696 222581626 832857 4983040 4264837 791941824 962297107 46291700 49134538 32260013 131542625 33565017 30333402 14680000 39330000 22211250 31115742 149007980 281456307 X 407490389 456691979 152692169 128159790 82751286 95989031 642933844 680840800 791941824 962297107 X -20413986 -6156888 64477830 X 0 1 X 1 1 1 X Scripps Health La Jolla CA RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 59596 59596 0 Part II-B, Line 1: TSRI pays annual dues to the Association of Independent Research Institute (AIRI), Council for Global Immigration, and the National Association of College and University Business Officers (NACUBO), a portion of which is used for lobbying activities. TSRI also uses the services of KMarcus Research Group LLC for any governmental relations needs. TSRI does not participate in or intervene in (including the publishing or distributing of statements) any political campaign on behalf of (or in opposition to) any candidate for public office. 99581986 13237745 361209 1009226 112171714 69583647 29168940 888030 58631 99581986 72652489 3182125 2132475 8383442 69583647 69296085 3512735 1291236 1447567 72652489 65643081 5867557 -1511798 702755 69296085 0.14000 0.86000 0.00000 0 0 43350748 43350748 442511561 229579158 212932403 22462166 21487359 974807 267823543 215622823 52200720 5251158 3255924 1995234 311453912 Investment in Limited Partnerships 222581626 F 222581626 Pension Liability 25277223 Leases Scheduled Rent 5543151 Unitrust 295368 31115742 409542495 -6156888 3515402 -2641486 412183981 0 412183981 436113369 3515402 3515402 432597967 0 432597967 Part V, Line 4: Investment return from the endowments supports scientific projects consistent with the mission and principles of The Scripps Research Institute. Part XI, Line 2d - Other Adjustments: Rental Expenses Netted Against Rental Revenue 1,050,525. Loss on Disposal of Equipment 2,464,877. Part XII, Line 2d - Other Adjustments: Rental Expenses Netted Against Rental Revenue 1,050,525. Loss on Disposal of Equipment 2,464,877. 1 East Asia and the Pacific 0 0 Program Services Grants for Scientific Research 162000 Europe (Including Iceland & Greenland) 0 0 Program Services Grants for Scientific Research 985091 Middle East and North Africa 0 0 Program Services Grants for Scientific Research 111618 North America 0 0 Program Services Grants for Scientific Research 632837 Sub-Saharan Africa 0 0 Program Services Grants for Scientific Research 100354 Central America and the Caribbean 0 0 Investments 62103004 0 0 0 0 0 0 64094904 0 64094904 Middle East and North Africa Grants for Scientific Research 111618 Check FMV North America Grants for Scientific Research 162000 Check FMV Europe (Including Iceland & Greenland) Grants for Scientific Research 348615 Check FMV Europe (Including Iceland & Greenland) Grants for Scientific Research 52225 Check FMV East Asia and the Pacific Grants for Scientific Research 54000 Check FMV Europe (Including Iceland & Greenland) Grants for Scientific Research 25750 Check FMV North America Grants for Scientific Research 232223 Check FMV North America Grants for Scientific Research 238614 Check FMV Europe (Including Iceland & Greenland) Grants for Scientific Research 236160 Check FMV East Asia and the Pacific Grants for Scientific Research 108000 Check FMV Sub-Saharan Africa Grants for Scientific Research 100354 Electronic fund/wire transfer FMV Europe (Including Iceland & Greenland) Grants for Scientific Research 242091 Electronic fund/wire transfer FMV Europe (Including Iceland & Greenland) Grants for Scientific Research 80250 Electronic fund/wire transfer FMV 0 13 1 0 1 0 1 0 Part I, Line 2: TSRI monitors the amounts provided to the foreign organization by adherence to a grant contract and monitors detailed billing statements of research expenditures. Schedule F, Part IV: TSRI has less than 10% ownership in a foreign corporation during the tax year, and therefore, was not required to file Form 5471. X X X X X X 1 Ground Work Digital Westwood Blvd Suite 167 Los Angeles CA 90024 E-Philanthropy 0 4927 43863 -38936 KDD Philanthropy 11324 Shorepointe Court San Diego CA 92130 Philanthropy Consultant 0 0 8605 -8605 4927 52468 -47541 AK AL AR CA CO CT DC FL GA HI IL KS KY LA MA MD ME MI MN MO MS NC ND NH NJ NM NV NY OH OK OR PA RI SC TN TX UT VA WA WI WV Women For Cancer Research 239660 232120 7540 6640 900 BallenIsles Men's Golf 117362 107753 9609 9609 3 167909 146107 21802 19442 2360 524931 485980 38951 26082 12869 38951 0 Schedule G, Part I, line 2b, columns (III) and (V); The Ground Work Digital acted as digital fundraising consultants, which included an agency and all project fees. Also included were third party vendor fees, such as video production, digital campaigns, and travel. KDD Philanthropy consultant provided the following services on as request basis by the Philanthropy and Communication Department: readiness assessment, fundraising/leadership coaching, and strategy sessions. 1 0 0 Scholarships & Stipends, TSRI Graduate School 464 13030451 0 FMV Part I, Line 2: Graduate student stipends are processed via personnel action forms which are approved by the Graduate Office and Human Resources prior to being sent to the payroll office. Once approved, graduate students are set up in TSRI's payroll system and are dispersed on the 1st and 15th of each month. Monitoring is done via the interaction between the student and faculty advisor. As long as the student is progressing, she/he would continue to be paid. X X 1 1 X X X X 1 0 0 0 0 0 0 0 0 Peter G Schultz President/CEO 721175 0 79502 0 35176 0 55000 0 13467 0 904320 0 0 0 Jeffrey Kelly Director/Professor 342000 0 0 0 30639 0 55000 0 12225 0 439864 0 0 0 Demetrios Andrikosstart 2719 Secretary/Legal & General Counsel 231103 0 22517 0 1372 0 41104 0 16698 0 312794 0 0 0 Douglas A Binghamend 2719 Secretary/EVP of Scripps FL 260310 0 0 0 40063 0 52864 0 11248 0 364485 0 0 0 Jared M Machado Treasurer/CFO 308905 0 35000 0 11247 0 55000 0 16981 0 427133 0 0 0 Matthew Tremblay Chief Operating Officer 399087 0 62981 0 0 0 44513 0 11938 0 518519 0 0 0 James R Williamson VP Rsch & Academic Affairs 356646 0 36001 0 13621 0 55000 0 13088 0 474356 0 0 0 Eric Topol Professor/Exec VP 1046647 0 0 0 0 0 55000 0 11612 0 1113259 0 0 0 Karl B Sharpless Professor 343290 0 0 0 8693 0 55000 0 12323 0 419306 0 0 0 Kevin Eastwood Strategic Ptnrshp, Sr. Dir. 298995 0 68629 0 0 0 31674 0 14277 0 413575 0 0 0 Steven Steinhubl Associate Professor 420543 0 0 0 4577 0 27500 0 18509 0 471129 0 0 0 Travis S Young VP, Biologics 191736 0 221038 0 0 0 8250 0 13005 0 434029 0 0 0 Richard A King End 42017 Former COO 0 0 0 0 325000 0 0 0 0 0 325000 0 0 0 Jim C Paulson Professor/Former Interim President 275509 0 0 0 26561 0 55000 0 14332 0 371402 0 0 0 Peter K Vogt Professor/Former Exec VP 292745 0 0 0 22803 0 55000 0 12198 0 382746 0 0 0 Cary E Thomas CIO 225661 0 18751 0 18500 0 50003 0 13993 0 326908 0 0 0 Kaye I Wynne VP Sponsored Programs 33145 0 0 0 772088 0 7101 0 1094 0 813428 0 0 0 Part I, Line 1a Business travel and first class travel. The Scripps Research Institute allows for business travel for certain key employees for long haul flights. In certain circumstances, business class service is not available on smaller aircraft. In those circumstances, TSRI allows first class travel. At times TSRI will relocate employees between campuses and will provide a housing allowance for a limited duration to assist with the transition, which was provided to Douglas A. Bingham, Executive Vice President of Scripps Florida. This was paid out based on an agreement with Mr. Bingham and not in accordance with a written policy. Part I, Line 4a The following individuals received severance payments: Richard A. King $325,000 Kaye I. Wynne $728,595 Other Information Related to Form 990, Part VII, Line 5: Eric Topol, M.D., received compensation from an unrelated organization, Scripps Clinic Medical Group, for services provided to The Scripps Research Institute. In 2018, in exchange for these services, The Scripps Research Institute reimbursed the Scripps Medical Group $750,000. A California Infrastructure & Economic Development Bank 630304653 13034AMU1 2016-08-30 40511601 See Part VI 0 0 0 A 6945000 40511601 7079218 648704 33072217 2016 1 1 1 1 A 0 0 0 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 Schedule K, Part I, Bond Issues: (a) Issue Name: California Infrastructure & Economic Development Bank (f) Description on Purpose: Refund and defease bonds previously issued for the benefit of the Institute on 06/29/2000 and and 02/23/2005. Schedule K, Part III, Line 3d: Overall private use isn't material and outside counsel would review any significant agreements. Schedule K, Part IV, Line 6: This question is being answered without regard to a yield-restricted advance refunding escrow financed with proceeds of the bonds. Joel S Marcus Member of the Board of Directors - The Scripps Research Institute 8611339 See Part V 0 Ge Li Member of the Board of Directors - The Scripps Research Institute 2766579 See Part V 0 Sch L, Part IV, Business Transactions Involving Interested Persons: (a) Name of Person: Joel S. Marcus(b) Relationship Between Interested Person and Organization: Member of the Board of Directors - The Scripps Research Institute(c) Amount of Transaction $8,611,339.(d) Description of Transaction: The Scripps Research Institute (TSRI) leases office and laboratory space building from Alexandria Real Estate (ARE). Joel S. Marcus is the Executive Chairman & Founder of ARE. Mr. Marcus was appointed to TSRI'S Board as of May 2017. Lease commenced in November 1997, at which time, the property was not owned by ARE and Mr. Marcus was not a member of TSRI'S Board.(e) Sharing of Organization Revenues? = No(a) Name of Person: Ge Li(b) Relationship Between Interested Person and Organization: Member of the Board of Directors - The Scripps Research Institute(c) Amount of Transaction $2,766,579.(d) Description of Transaction: California Institute for BioMedical Research (CALIBR) a division of The Scripps Research Institute (TSRI) has contracts with outside parties for outsourced research services. Ge Li is the Chairman and Chief Executive Officer at Wuxi Companies which is one of the contracted parties to provide outsourced research services. CALIBR began working with Wuxi in 2013, at which time Mr. Li was not a member of TSRI or CALIBR's Board. Wuxi Companies and TSRI or Calibr do not share revenue.(e) Sharing of Organization Revenues? = No X 12 4041630 Cost or Selling Price 0 0 1 1 Part I, Column (b): Securities - Publicly traded - No. of contributions Part I, Line 32b: Shares of stock gifted to TSRI are transferred into our brokerage account at Morgan Stanley and they in turn sell the shares and wire proceeds to TSRI. Form 990, Part VI, Section B, line 11b On June 17, 2020, the Audit Committee reviewed a draft of the Form 990 (including all supplemental schedules). This review included a presentation of the statements by the Chief Financial Officer with particular emphasis on disclosures about governance and about transactions with interested persons. The 990 will be provided to the full Board of Directors prior to filing. Form 990, Part VI, Section B, line 12c TSRI'S Conflict of Interest Policies and Procedures apply to members of the Board of Directors, officers, key personnel, and their family members (altogether covered individuals) to protect the interests of TSRI when it is contemplating entering into a transaction or arrangement that could: 1) Benefit the private interest of a covered individual within the meaning of Treasury Regulation Section 1.501(c)(3)-1(d)(1)(ii), 2) Result in a possible excess benefit transaction within the meaning of Section 4958(c) of the Internal Revenue Code of 1986, as amended; or 3) Be a self-dealing transaction within the meaning of Section 5233 of the California Corporations Code (the "Corporations Code"). TSRI's policies and procedures are intended to supplement, but not replace, any state and federal laws governing actual, potential, or apparent conflict of interest applicable to TSRI. Disclosure documents responsive to TSRI's policies are annually submitted by covered individuals, and are reviewed by TSRI administration for pertinent relationships. Any transactions or arrangements involving covered individuals that fall within the scope of the policies are then subject to review and consideration by non-conflicted Board of Director members, with conflicted members being recused from any debate and vote to approve or disapprove. Form 990, Part VI, Section B, line 15 The compensation of the CEO and certain other key executives was reviewed and approved by the Board of Directors. This review was based, in part, on analysis performed by the Human Resources department, and included data from outside consultants or internally-conducted research. On an ongoing basis, executives may participate in the normal annual salary increase program, which is based on a recommendation from the Human Resources department based on market research. Any unusual or potentially non-qualified compensation would be reviewed by outside counsel for any tax compliance issues. Form 990, Part VI, Section C, line 19 Governing documents and Conflict of Interest Policies are not available to the public at this time. The financial statements are filed with the State of Florida by The Scripps Florida Funding Corporation. The statements are provided to bond holders through TSRI's dissemination agent. The annual information return is provided upon request. Form 990, Part IX, line 11g Purchase Services and Maintenance: Program service expenses 96,022,814. Management and general expenses 2,663,930. Fundraising expenses 139,116. Total expenses 98,825,860. Form 990, Part XI, line 9: Calibr Fund Balance 64,477,830. STRIDE LLC 10550 North Torrey Pines Rd La Jolla CA 92037 825129385 Facilitate Basic Research CA 220500 21000 The Scripps Research Institute Calm Therapeutics Inc 10550 North Torrey Pines Rd La Jolla CA 92037 825375039 Research DE The Scripps Research Institute C -149375 319167 0.62020 1 Biosurf Inc 10550 North Torrey Pines Rd La Jolla CA 92037 825117568 Research DE The Scripps Research Institute C -273 700 0.60600 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 Calm Therapeutics Inc C 735000 Cash Method Calm Therapeutics Inc L 241500 Cash Method