2019-08-12T10:27:29-05:00 2018-09-30 PricewaterhouseCoopers LLP 101 SEAPORT BLVD SUITE 500 BOSTON MA 02210 990 2017-10-01 951643307 CALIFORNIA INSTITUTE OF TECHNOLOGY % MATTHEW W BREWER CALI 6263956744 1200 EAST CALIFORNIA BLVD 234-6 PASADENA CA 91125 MATTHEW W BREWER CONTROLLER 6263956744 2019-08-08 true ERIN COUTURE P01390592 6175305000 167.68.125.77 04363820192245000015 2019-08-12 P 5A95944E62899E3A12D56A73575418A0C743858E 3336404C425FC5D94D995B9A40B339DB67595AA7 2017 2019-02-21 02:37:17Z DR THOMAS F ROSENBAUM 1200 EAST CALIFORNIA BLVD PASADENA CA 91125 4150454000 false X www.caltech.edu X 1891 CA SEE SCHEDULE O 72 65 11713 420 56023000 509166000 378769000 2526578000 2923389000 48659000 211564000 3984000 1859000 3088387000 3515581000 82392000 88216000 0 0 1434765000 1522798000 0 0 9580000 1518009000 1835024000 3035166000 3446038000 53221000 69543000 5417001000 5593996000 2376492000 2387966000 3040509000 3206030000 X SEE SCHEDULE O false false 379607000 88094000 195308000 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TRUSTEE 1.0 0.0 X 0 0 0 ANN STIMMLER JOHNSON TRUSTEE 1.0 0.0 X 0 0 0 G BRADFORD JONES TRUSTEE 1.0 0.0 X 0 0 0 PETER D KAUFMAN TRUSTEE 1.0 0.0 X 0 0 0 LOUISE KIRKBRIDE TRUSTEE 1.0 0.0 X 0 0 0 WALTER G KORTSCHAK TRUSTEE 1.0 0.0 X 0 0 0 KENT KRESA TRUSTEE 1.0 0.0 X 0 0 0 JON B KUTLER TRUSTEE 1.0 0.0 X 0 0 0 TAYLOR W LAWRENCE TRUSTEE 1.0 0.0 X 0 0 0 DAVID LI LEE CHAIR/TRUSTEE 1.0 0.0 X X 0 0 0 YORK LIAO TRUSTEE UNTIL 1/2018 1.0 0.0 X 0 0 0 ALEXANDER LIDOW TRUSTEE 1.0 0.0 X 0 0 0 RONALD K LINDE VICE CHAIR/TRUSTEE 1.0 0.0 X X 0 0 0 A MICHAEL LIPPER TRUSTEE 1.0 0.0 X 0 0 0 ANDREW N LIVERIS TRUSTEE 1.0 0.0 X 0 0 0 LI LU TRUSTEE AS OF 1/2018 1.0 0.0 X 0 0 0 SHIRLEY M MALCOM TRUSTEE 1.0 0.0 X 0 0 0 MICH J MATHEWS-SPRADLIN TRUSTEE 1.0 0.0 X 0 0 0 DEBORAH D MCWHINNEY TRUSTEE 1.0 0.0 X 0 0 0 ALEXANDER R MEHRAN SR TRUSTEE 1.0 0.0 X 0 0 0 RICHARD MERKIN TRUSTEE 1.0 0.0 X 0 0 0 KENNETH G MOORE TRUSTEE 1.0 0.0 X 0 0 0 PHILIP M NECHES TRUSTEE 1.0 0.0 X 0 0 0 PATRICK H NETTLES JR TRUSTEE 1.0 0.0 X 0 0 0 PETER NORTON TRUSTEE 1.0 0.0 X 0 0 0 RONALD L OLSON TRUSTEE 1.0 0.0 X 0 0 0 STEPHEN R ONDERDONK TRUSTEE 1.0 0.0 X 0 0 0 PEDRO J PIZARRO TRUSTEE AS OF 1/2018 1.0 0.0 X 0 0 0 DAVID EI PYOTT TRUSTEE AS OF 7/2018 1.0 0.0 X 0 0 0 WILLIAM H RASTETTER TRUSTEE UNTIL 2/2018 1.0 0.0 X 0 0 0 EDUARDO A REPETTO TRUSTEE 1.0 0.0 X 0 0 0 STEWART A RESNICK TRUSTEE 1.0 0.0 X 0 0 0 NELSON C RISING TRUSTEE 1.0 0.0 X 0 0 0 RICHARD H SCHELLER TRUSTEE 1.0 0.0 X 0 0 0 TIMOTHY L SLOAN TRUSTEE 1.0 0.0 X 0 0 0 MARC I STERN TRUSTEE UNTIL 10/2017 1.0 0.0 X 0 0 0 DONALD W TANG TRUSTEE 1.0 0.0 X 0 0 0 KEVIN M TAWEEL TRUSTEE 1.0 0.0 X 0 0 0 DAVID W THOMPSON TRUSTEE 1.0 0.0 X 0 0 0 CHARLES R TRIMBLE TRUSTEE 1.0 0.0 X 0 0 0 LEWIS W VAN AMERONGEN TRUSTEE 1.0 0.0 X 0 0 0 WALTER WEISMAN TRUSTEE 1.0 0.0 X 0 0 0 GAYLE E WILSON TRUSTEE 1.0 0.0 X 0 0 0 RICHMOND A WOLF TRUSTEE AS OF 7/2018 1.0 0.0 X 0 0 0 SUZANNE H WOOLSEY TRUSTEE 1.0 0.0 X 0 0 0 THOMAS F ROSENBAUM PRESIDENT/TRUSTEE 40.0 0.0 X X 1030396 0 115446 MATTHEW W BREWER CONTROLLER 40.0 0.0 X 258431 0 65464 DIANA JERGOVIC VP STRATEGY Implementation 40.0 0.0 X 366110 0 40553 BRIAN KEITH LEE VP FOR DEV & INSTIT. RELATIONS 40.0 0.0 X 646026 0 66672 MADELINE WAY LEE ASSISTANT TREASURER 32.0 0.0 X 148800 0 47139 SHARON E PATTERSON ASSOC. VP FOR FIN. & TREAS. 40.0 0.0 X 369706 0 58595 SCOTT H RICHLAND CHIEF INVESTMENT OFFICER 40.0 0.0 X 845322 0 713704 JOSEPH E SHEPHERD VP STUDENT AFFAIRS 40.0 0.0 X 323698 0 57885 VICTORIA D STRATMAN GENERAL COUNSEL 40.0 0.0 X 494806 0 67609 MARY L WEBSTER SECRETARY OF BOARD OF TRUSTEES 40.0 0.0 X 164681 0 41521 MARGARET A STEURBAUT VP ADMIN & CFO 40.0 0.0 X 644892 0 55561 MICHAEL M WATKINS VP & DIR, JPL 40.0 0.0 X 690170 0 49393 CAROL J SCHUIL EA TO PRES/ASST SEC 40.0 0.0 X 196352 0 46475 DAVID A TIRRELL PROVOST 40.0 0.0 X 407824 0 53857 LARRY DEAN JAMES DEPUTY DIRECTOR OF JPL 40.0 0.0 X 586814 0 43398 MARC J GOETTEL FMR ACTING DEP DIR/DEP CFO JPL 40.0 0.0 X 326801 0 57727 RENE FRADET DIRECTOR, CFO OF JPL 40.0 0.0 X 366743 0 118209 EDWARD M STOLPER PROFESSOR, FMR PROVOST 40.0 0.0 X 623233 0 54793 EDWARD C STONE Professor of Physics 40.0 0.0 X 467713 0 58877 PASY ISABELLA WANG SR DIR OF INVESTMENTS 40.0 0.0 X 520840 0 407660 B THOMAS SOIFER PROFESSOR OF PHYSICS, EMERITUS 40.0 0.0 X 938326 0 61409 LIHONG WANG BREN PROFESSOR OF ENGINEERING 40.0 0.0 X 546587 0 56095 CHARLES ELACHI FORMER DIRECTOR JPL 40.0 0.0 X 174930 0 0 JENNIFER THERESA LUM FMR ASSIST SEC/DEP GEN COUNSEL 40.0 0.0 X 293653 0 82774 ANNEILA I SARGENT FMR VP STDNT AFF/PROF ASTRON 40.0 0.0 X 310110 0 54308 JAKOB J VAN ZYL DIR FOR SOLAR SYSTEM EXPLOR 40.0 0.0 X 394400 0 52883 12137364 0 2528007 5246 true true false BALL AEROSPACE TECHNOLOGIES CORP 33306 COLLECTION CENTER DRIVE CHICAGO IL 609930333 AEROSPACE 166975240 APPLIED PHYSICS LABORATORY 11100 JOHNS HOPKINS ROAD LAUREL MD 207236099 RESEARCH & DEV 102088583 LOCKHEED MARTIN CORP 12257 S WADSWORTH BLVD LITTLETON CO 801258500 AEROSPACE 65977430 COLUMBUS TECHNOLOGIES AND SERVICES 1960 EAST GRAND AVE STE 100 EL SEGUNDO CA 90245 INFORMATION TECH 51087096 PERATON INC 12975 WORLDGATE DRIVE HERNDON VA 201706008 INFORMATION TECH 39396769 1138 256412000 122357000 43695309 378769000 JPL AND OTHER AWARDS 900099 2749228000 2749228000 STUDENT TUITION 611600 109050000 109050000 USE OF FACILITIES 900099 34477000 34477000 AUXILIARY ENTERPRISES 900099 30634000 11401000 4249000 14984000 2923389000 55639000 51350000 4289000 0 1392000 1392000 47000 4000 43000 0 43000 43000 789574000 1220000 633907000 962000 155667000 258000 155925000 155925000 0 0 0 0 0 0 0 0 0 ADVERTISING & FILMING 900099 424000 424000 424000 3515581000 2904156000 56023000 176633000 X 122000 122000 87811000 87811000 283000 283000 0 9154000 2907000 5515000 732000 3447000 2705000 598000 144000 1216352000 1173175000 33957000 9220000 118677000 114840000 2991000 846000 96305000 83720000 10124000 2461000 78863000 76061000 2204000 598000 0 16281000 5806000 10475000 1112000 1112000 405000 405000 0 9893000 9893000 24362000 19039000 4583000 740000 339000 197000 122000 20000 431222000 427326000 1319000 2577000 6740000 3553000 3099000 88000 143000 126000 17000 47017000 44251000 2275000 491000 41296000 40441000 504000 351000 0 13460000 12573000 568000 319000 46953000 46327000 490000 136000 0 69173000 65427000 2930000 816000 6075000 3984000 2091000 CONTRACT SERVICES 1137169000 1137169000 JPL POST EMPLYMNT OBLIGATION -6657000 -6657000 ENDOWMENT RECOVERY -9959000 -9959000 3446038000 3341186000 95272000 9580000 0 0 280503000 194985000 254240000 192228000 315490000 398694000 0 0 0 0 2878952 2756220 0 0 529996000 498251000 2008875000 1004755000 912604000 1004120000 1538360000 1527791000 1582929048 1775170780 0 0 0 0 0 0 5417001000 5593996000 606955000 662009000 0 0 34474000 35065000 195000000 195000000 92035000 91750000 0 0 0 0 1053898000 1046610000 394130000 357532000 2376492000 2387966000 X 555796000 583369000 857556000 907350000 1627157000 1715311000 3040509000 3206030000 5417001000 5593996000 X 69543000 91986000 3992000 X X false true X true true true X 382698000 481336000 534535000 509166000 378769000 2286504000 0 0 382698000 481336000 534535000 509166000 378769000 2286504000 82405876 2204098124 39554000 43670000 44415000 51450000 57078000 236167000 21878000 21878000 0 2544549000 11277907000 0.86620 0.86910 X false true false false false true 405000 true 199000 false true 604000 false LOBBYING ACTIVITY EXPLANATION SCHEDULE C, PART II-B 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 WHICH ATTEMPTS TO INFLUENCE LEGISLATION. FURTHER, THE INSTITUTES 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. 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 INSTITUTES MEMBERSHIP DUES MAY BE USED FOR LOBBYING, THE AMOUNT IS IMMATERIAL. CALTECHS 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 2638177000 160741000 257370000 26548000 95656000 27884000 2906200000 2251420000 184834000 343179000 25990000 92264000 23002000 2638177000 2114609000 106735000 160809000 20295000 90187000 20251000 2251420000 2115730000 159020000 -38909000 18755000 84276000 18201000 2114609000 1961311000 79637000 188312000 18546000 77786000 17198000 2115730000 0.23610 0.75590 0.00800 false false 40473000 40473000 1185654000 550715000 634939000 577410000 454040000 123370000 205338000 205338000 1004120000 3470000 F ALTERNATIVE SECURITIES 918528000 F PRIVATE EQUITY 444369000 F REAL ASSETS 408803780 F 1775170780 0 ACCUMULATED POST RET. BENEFIT 357532000 357532000 X 3546196000 91986000 -61371000 30615000 3515581000 3515581000 3369248000 3369248000 9893000 66897000 76790000 3446038000 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 CALTECH 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 INSTITUTES 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 INSTITUTES ENDOWMENT SPENDING POLICY INCLUDES A BOARD OF TRUSTEES-APPROVED ENDOWMENT SPENDING FORMULA WHICH TAKES INTO CONSIDERATION THE PRIOR YEARS 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 INCOME TAXES 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, 2018 AND 2017, THE INSTITUTE MAINTAINED A FULL VALUATION ALLOWANCE ON ITS IMMATERIAL DEFERRED TAX ASSETS, WHICH ARE PRIMARILY DUE TO TAX LOSSES FROM CERTAIN INVESTMENT ACTIVITIES. DUE TO UNCERTAINTIES SURROUNDING BOTH THE TIMING AND AMOUNTS OF POTENTIAL FUTURE NET TAXABLE INCOME, THE INSTITUTE HAS CONCLUDED THAT IT IS MORE LIKELY THAN NOT THAT THE INSTITUTE WILL NOT REALIZE THE DEFERRED TAX ASSETS. THE INSTITUTE HAS NO REPORTING REQUIREMENTS FOR UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED SEPTEMBER 30, 2018 AND 2017. THE FEDERAL TAX CUTS AND JOBS ACT ("TCJA") WAS SIGNED INTO LAW IN DECEMBER 2017. THE TCJA INCLUDES SEVERAL PROVISIONS WHICH MAY IMPACT THE INSTITUTE, INCLUDING AN EXCISE TAX ON NET INVESTMENT INCOME AND REVISED METHODS FOR CALCULATING UNRELATED BUSINESS INCOME, BOTH OF WHICH WILL BE EFFECTIVE IN THE INSTITUTES FISCAL YEAR ENDING SEPTEMBER 30, 2019. THE OVERALL IMPACT OF THE TCJA REMAINS UNCERTAIN AND THE FULL IMPACT OF THE TCJA WILL NOT BE KNOWN UNTIL FURTHER REGULATORY GUIDANCE IS PROVIDED TO ASSIST THE INSTITUTE WITH CALCULATING POTENTIAL INCOME TAX AND EXCISE TAX LIABILITIES AND EXPENSES. BASED ON ITS UNDERSTANDING OF THE TCJA AND AVAILABLE GUIDANCE, THE INSTITUTE HAD NO MATERIAL DEFERRED TAX LIABILITIES OR INCOME TAXES PAYABLE AT SEPTEMBER 30, 2018. SCHEDULE D, PART XI, LINE 2D RECLASSIFY FINANCIAL AID NETTED WITH TUITION ($66,897,000) CHANGES IN FAIR VALUE OF INTEREST RATE SWAP $15,419,000 INVESTMENT MANAGEMENT FEES ($9,893,000) --------------- TOTAL ($61,371,000) SCHEDULE D, PART XII, LINE 4B FINANCIAL AID EXPENSES ($66,897,000) --------------- TOTAL ($66,897,000) true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 THE INSTITUTE'S RACIALLY NONDISCRIMINATORY POLICY IS CONTAINED IN THE MINUTES OF THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES OF FEBRUARY 1976. THE STATEMENT OF THIS POLICY OR REFERENCE THERETO APPEARS IN ALL OF THE INSTITUTE'S CATALOGS, BROCHURES, AND OTHER WRITTEN COMMUNICATIONS WITH THE PUBLIC DEALING WITH STUDENT ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS. THE INSTITUTE SATISFIED THE PUBLICATIONS REQUIREMENT BY VIRTUE OF ITS COMPLIANCE WITH SECTION 4.02 AS PROVIDED IN SECTION 4.03-2(B). SCHEDULE E, 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 Investments 1017820226 Central America and the Caribbean Program Services SCIENTIFIC RESEARCH 81365 East Asia and the Pacific Investments 4529326 East Asia and the Pacific Program Services SCIENTIFIC RESEARCH 2382652 Europe (Including Iceland and Greenland) Investments 62332927 Europe (Including Iceland and Greenland) 2 14 Program Services SCIENTIFIC RESEARCH 52596216 Middle East and North Africa Investments 1179420 Middle East and North Africa Program Services SCIENTIFIC RESEARCH 339680 North America Investments 4884998 North America Program Services SCIENTIFIC RESEARCH 3107940 Russia and the Newly Independent States Investments 2031277 Russia and the Newly Independent States Program Services SCIENTIFIC RESEARCH 60792 South America Investments 7708991 South America Program Services SCIENTIFIC RESEARCH 867630 Sub-Saharan Africa Investments 1657810 Sub-Saharan Africa Program Services SCIENTIFIC RESEARCH 80193 2 14 2 14 1161661443 1161661443 STUDY ABROAD Europe (Including Iceland and Greenland) 33 204000 WIRE TRANSFR STUDY ABROAD East Asia and the Pacific 5 79000 WIRE TRANSFR 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 ORGANIZATION 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 ORGANIZATION'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 T500 LOS ANGELES LOS ANGELES CA 90015 952274801 501(C)(3) 47000 DESIGNATED ASSISTANCE 2 STUDENT AID 1696 87811000 SCHEDULE I, PART I, LINE 2 THE INSTITUTE'S GRANTS AND ASSISTANCE WITHIN THE UNITED STATES CONSISTS PRIMARILY OF SCHOLARSHIPS AND FELLOWSHIPS AWARDED TO STUDENTS. STUDENTS ARE SELECTED FOR SCHOLARSHIPS AND FELLOWSHIPS BASED ON ACADEMIC ACHIEVEMENT, FINANCIAL NEED, 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 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 X true true X X X true true false false false false false true true true MATTHEW W BREWER CONTROLLER 257991 0 0 0 440 0 30550 0 34914 0 323895 0 0 0 CHARLES ELACHI FORMER DIRECTOR JPL 174930 0 0 0 0 0 0 0 0 0 174930 0 0 0 DIANA JERGOVIC VP STRATEGY Implementation 365534 0 0 0 576 0 30550 0 10003 0 406663 0 0 0 BRIAN KEITH LEE VP FOR DEV & INSTIT. RELATIONS 545940 0 0 0 100086 0 41350 0 25322 0 712698 0 0 0 MADELINE WAY LEE ASSISTANT TREASURER 148800 0 0 0 0 0 15476 0 31663 0 195939 0 0 0 JENNIFER THERESA LUM FMR ASSIST SEC/DEP GEN COUNSEL 275067 0 0 0 18586 0 41350 0 41424 0 376427 0 0 0 SHARON E PATTERSON ASSOC. VP FOR FIN. & TREAS. 357706 0 0 0 12000 0 30550 0 28045 0 428301 0 0 0 SCOTT H RICHLAND CHIEF INVESTMENT OFFICER 522182 0 305140 0 18000 0 672850 0 40854 0 1559026 0 281908 0 ANNEILA I SARGENT FMR VP STDNT AFF/PROF ASTRON 309510 0 0 0 600 0 41350 0 12958 0 364418 0 0 0 JOSEPH E SHEPHERD VP STUDENT AFFAIRS 323172 0 0 0 526 0 41350 0 16535 0 381583 0 0 0 EDWARD M STOLPER PROFESSOR, FMR PROVOST 604657 0 0 0 18576 0 41350 0 13443 0 678026 0 0 0 VICTORIA D STRATMAN GENERAL COUNSEL 476230 0 0 0 18576 0 41350 0 26259 0 562415 0 0 0 MARY L WEBSTER SECRETARY OF BOARD OF TRUSTEES 148759 0 0 0 15922 0 23282 0 18239 0 206202 0 0 0 LARRY DEAN JAMES DEPUTY DIRECTOR OF JPL 444942 0 108445 0 33427 0 41350 0 2048 0 630212 0 0 0 THOMAS F ROSENBAUM PRESIDENT/TRUSTEE 1029820 0 0 0 576 0 41350 0 74096 0 1145842 0 0 0 JAKOB J VAN ZYL DIR FOR SOLAR SYSTEM EXPLOR 368449 0 7500 0 18451 0 41350 0 11533 0 447283 0 0 0 MARGARET A STEURBAUT VP ADMIN & CFO 605826 0 0 0 39066 0 41350 0 14211 0 700453 0 0 0 MICHAEL M WATKINS VP & DIR, JPL 481594 0 190000 0 18576 0 35950 0 13443 0 739563 0 0 0 CAROL J SCHUIL EA TO PRES/ASST SEC 195969 0 0 0 383 0 29065 0 17410 0 242827 0 0 0 MARC J GOETTEL FMR ACTING DEP DIR/DEP CFO JPL 300714 0 7500 0 18587 0 41350 0 16377 0 384528 0 0 0 EDWARD C STONE Professor of Physics 337163 0 0 0 130550 0 41350 0 17527 0 526590 0 0 0 PASY ISABELLA WANG SR DIR OF INVESTMENTS 315638 0 186545 0 18657 0 370549 0 37111 0 928500 0 176417 0 DAVID A TIRRELL PROVOST 407824 0 0 0 0 0 41350 0 12507 0 461681 0 0 0 RENE FRADET DIRECTOR, CFO OF JPL 355895 0 10000 0 848 0 41350 0 76859 0 484952 0 0 0 B THOMAS SOIFER PROFESSOR OF PHYSICS, EMERITUS 121629 0 0 0 816697 0 45419 0 15990 0 999735 0 0 0 LIHONG WANG BREN PROFESSOR OF ENGINEERING 261858 0 250000 0 34729 0 28004 0 28091 0 602682 0 0 0 SCHEDULE J, PART I, LINE IA FIRST CLASS TRAVEL: PURSUANT TO A WRITTEN POLICY, FIRST CLASS OR BUSINESS CLASS TRAVEL IS PERMITTED FOR CERTAIN EMPLOYEES UNDER CERTAIN CIRCUMSTANCES FOR BUSINESS PURPOSES. DURING CALENDAR YEAR 2017, THREE OFFICERS, TWO KEY EMPLOYEES, ONE FORMER OFFICER AND ONE FORMER KEY EMPLOYEE RECEIVED FIRST CLASS OR CHARTER TRAVEL BENEFITS. TRAVEL FOR BUSINESS PURPOSES IS NOT INCLUDED IN TAXABLE WAGES. PERSONAL FINANCIAL SERVICES: PURSUANT TO A WRITTEN POLICY, THE INSTITUTE PERMITS REIMBURSEMENT, TO OFFICERS AND FACULTY, FOR THE COST OF PERSONAL FINANCIAL SERVICES. DURING THE CALENDAR YEAR 2017, ONE HIGHEST COMPENSATED INDIVIDUAL RECEIVED REIMBURSEMENT FOR THE USE OF PERSONAL FINANCIAL SERVICES. TAX INDEMNIFICATION AND GROSS UP PAYMENTS: DURING CALENDAR YEAR 2017, 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 2017, TWO OFFICERS, ONE KEY EMPLOYEE, AND TWO HIGHEST COMPENSATED EMPLOYEES RECEIVED HOUSING ALLOWANCE BENEFITS. PAYMENTS UNDER THIS PROGRAM ARE INCLUDED IN TAXABLE WAGES. 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 I, COLUMN (D) INCLUDE $43,724, AN ESTIMATE OF THE ANNUAL RENTAL VALUE OF THE PERSONAL SPACE OCCUPIED IN THAT RESIDENCE. SCHEDULE J, PART I, LINE 4A SCHEDULE J, PART I, COLUMN B (III) INCLUDES COMPENSATION PAID IN CALENDAR 2017 UNDER THE INSTITUTES EARLY RETIREMENT PLAN FOR FACULTY. THERE WAS ONE EARLY RETIREE, B. THOMAS SOIFER. DR. SOIFERS COMPENSATION AMOUNT WAS $798,007. SCHEDULE J, PART I, LINE 4B TERMS AND CONDITIONS OF DEFERRED PERFORMANCE COMPENSATION PLAN 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 ON THE PERFORMANCE OF THE INSTITUTE'S INVESTMENT OFFICE EACH CALENDAR YEAR, AS MEASURED BY CERTAIN QUANTITATIVE AND QUALITATIVE FACTORS. DURING CALENDAR YEAR 2017, TWO INDIVIDUALS REPORTED IN SCHEDULE J, SCOTT RICHLAND and PASY WANG, RECEIVED SUCH COMPENSATION. 50% OF THE AWARDS UNDER THE PLAN ARE PAID DURING THE CALENDAR YEAR SUBSEQUENT TO THE END OF THE PERFORMANCE MEASUREMENT PERIOD WHILE THE REMAINING 50% OF EACH YEAR'S AWARD IS DEFERRED AND PAID IN THREE OR FOUR ANNUAL INSTALLMENTS. MR. RICHLAND AND MS. WANGS INDIVIDUAL AMOUNTS IN COLUMN B(II), "BONUS AND INCENTIVE COMPENSATION" COMPRISE PLAN CASH AMOUNTS PAID DURING CALENDAR YEAR 2017 WHICH REPRESENTS THE AGGREGATE OF 50% OF EACH EMPLOYEES RESPECTIVE AWARD FOR CALENDAR YEAR 2016 AND INSTALLMENTS FROM AMOUNTS DEFERRED FROM 2012-2015. THE AMOUNTS SHOWN UNDER COLUMN C, "DEFERRED COMPENSATION," FOR MR. RICHLAND AND MS. WANG CONSIST OF $36,850 AND $30,549, RESPECTIVELY, IN EMPLOYER CONTRIBUTIONS TO A DEFINED CONTRIBUTION RETIREMENT PLAN (UNRELATED TO THE PERFORMANCE COMPENSATION PLAN) PLUS $636,000 AND $340,000, RESPECTIVELY, REPRESENTING THE GROSS AMOUNT OF MR. RICHLANDS AND MS. WANGS INDIVDUAL CALENDAR YEAR 2017 PLAN AWARDS. THOSE AWARDS WILL BE PAID (ALONG WITH, OR NET OF, ANY INVESTMENT EARNINGS OR LOSSES) DURING CALENDAR YEARS 2018 - 2021. DEFERRED AMOUNTS UNDER THE PLAN ARE SUBJECT TO RISK OF FORFEITURE UNDER CERTAIN CIRCUMSTANCES AS DESCRIBED IN THE PLAN. TERMS AND CONDITIONS OF DEFERRED COMPENSATION AGREEMENT FOR THE FORMER PROVOST, DR. EDWARD M. STOLPER: IN CALENDAR YEAR 2013, THE INSTITUTE ENTERED INTO A DEFERRED COMPENSATION AGREEMENT WITH DR. STOLPER. PER THE TERMS OF THE AGREEMENT A TOTAL OF $165,000 WAS SET ASIDE OVER 2 YEARS (2013 AND 2014). NO AMOUNTS WERE VESTED OR PAID IN THE CURRENT REPORTING PERIOD. FORM 990, SCHEDULE J, PART I, LINES 8 AND 9 DR. DAVID A. TIRRELL - PROVOST DR. TIRRELL'S EMPLOYMENT CONTRACT DESCRIBES HIS INITIAL COMPENSATION AND BENEFITS SCHEDULE J, PART II, LINE 7 CERTAIN INDIVIDUALS LISTED IN PART I 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 (BII). SCOTT H. RICHLAND - CHIEF INVESTMENT OFFICER AND PASY ISABELLA WANG SENIOR DIRECTOR OF INVESTMENTS: THE INSTITUTE OFFERS INCENTIVE COMPENSATION TO CERTAIN INVESTMENT PROFESSIONALS BASED UPON THE INSTITUTE'S INVESTMENT PERFORMANCE. SEE RESPONSE TO QUESTION 4B ABOVE. A CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130178EZ5 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 0.01400 0.00000 0.01400 false false 0.00000 false true A false false true true true true BANK OF NY MELLON 30.3 false false true CITIGROUP GLOBAL TRA 2. true false true A true COLUMN A: DIFFERENCE BETWEEN AMOUNT IN PART I(E) AND PART II, lINE 3 IS DUE TO INTEREST EARNED ON INVESTED PROCEEDS. PART I (F) - THE ISSUE DATE OF THE SERIES 2003 BONDS IS 01/15/2003. PART IV, LINE 2C - THE REBATE COMPUTATION WAS PERFORMED ON AUGUST 20, 2012, FOR THE COMPUTATION PERIOD ENDING ON JULY 1, 2012. 0 PEDRO J PIZARRO TRUSTEE 134000 FAMILY MEMBER EMPLOYED BY CIT false THOMAS F ROSENBAUM PRESIDENT/TRUSTEE 296000 FAMILY MEMBER EMPLOYED BY CIT false SHIRLEY M MALCOM TRUSTEE 200000 FAMILY MEMBERS EMPLOYED BY CIT false STEPHEN ONDERDONK TRUSTEE 360000 FAMILY MEMBERS EMPLOYED BY CIT false EDWARD M STOLPER FORMER PROVOST 166000 FAMILY MEMBER EMPLOYED BY CIT false VICTORIA D STRATMAN GENERAL COUNSEL 122000 FAMILY MEMBER EMPLOYED BY CIT false MARY L WEBSTER SECRETARY 139000 FAMILY MEMBER EMPLOYED BY CIT false GLENAIR INC SEE PART V 825000 SEE PART V false CANYON CAPITAL ADVISORS LLC SEE PART V 1581024 SEE PART V false HIMALAYA CAPITAL MANAGEMENTLP SEE PART V 2143473 SEE PART V false IONSPACE INC SEE PART V 240000 SEE PART V false SCHEDULE L, PART IV NAME OF PERSON: GLENAIR, INC. ("GLENAIR") RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: PETER D. KAUFMAN, A TRUSTEE OF THE INSTITUTE, IS ALSO CHAIRMAN AND CHIEF EXECUTIVE OFFICER OF GLENAIR. AMOUNT OF TRANSACTION: AGGREGATE $825,000 FOR THE YEAR ENDED SEPTEMBER 30, 2018. DESCRIPTION OF TRANSACTION: 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. MR. KAUFMAN DID NOT PARTICIPATE IN AND WAS EXCLUDED FROM THE INSTITUTE'S DELIBERATIONS AND DECISIONS WITH RESPECT TO THESE PROCUREMENTS. NAME OF PERSON: CANYON CAPITAL ADVISORS LLC ("CANYON") RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: JOSHUA S. FRIEDMAN, A TRUSTEE OF THE INSTITUTE, IS ALSO A FOUNDING PARTNER, COCHAIRMAN AND CO-CEO OF CANYON. AMOUNT OF TRANSACTION: MANAGEMENT FEES AND EXPENSES OF $1,581,024. DESCRIPTION OF TRANSACTION: THE INSTITUTE IS AN INVESTOR IN TWO FUNDS MANAGED BY CANYON. THE INVESTMENT WITH CANYON ("THE TRANSACTION") WAS MADE DURING THE INSTITUTE'S FISCAL YEAR 2012 AFTER AN INDEPENDENT COMMITTEE OF TRUSTEES CONSIDERED THE TRANSACTION IN ACCORDANCE WITH INSTITUTE POLICY AND DETERMINED THAT: THE TRANSACTION WAS FAIR AND REASONABLE AS TO THE INSTITUTE AND THE ECONOMIC BENEFIT PROVIDED BY THE INSTITUTE DID NOT EXCEED THE FAIR MARKET VALUE OF THE CONSIDERATION RECEIVED BY THE INSTITUTE; THE TRANSACTION WAS ENTERED INTO SOLELY FOR THE BENEFIT OF THE INSTITUTE; AND THE INSTITUTE COULD NOT HAVE OBTAINED A MORE ADVANTAGEOUS ARRANGEMENT WITH REASONABLE EFFORT UNDER THE CIRCUMSTANCES. DURING THE YEAR ENDING SEPTEMBER 30, 2018, THE INSTITUTE'S INVESTMENTS IN CANYON FUNDS INCURRED $1,581,024 IN MANAGEMENT FEES AND EXPENSES. AS OF SEPTEMBER 30, 2018 ACCRUED AND UNPAID MANAGEMENT FEES AND EXPENSES TOTALED $186,722. AS OF SEPTEMBER 30, 2018, CANYON HAD TOTAL ASSETS UNDER MANAGEMENT OF APPROXIMATELY $25 BILLION. NAME OF PERSON: HIMALAYA CAPITAL MANAGEMENT, LLC ("HIMALAYA") RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: LI LU, A TRUSTEE OF THE INSTITUTE, IS ALSO THE FOUNDER AND CHAIRMAN OF HIMALAYA. AMOUNT OF TRANSACTION: MANAGEMENT FEES, PERFORMANCE FEES AND EXPENSES OF $2,143,472.79. DESCRIPTION OF TRANSACTION: THE INSTITUTE HAS BEEN AN INVESTOR IN A FUND MANAGED BY HIMALAYA SINCE SEPTEMBER 2014. MR. LU DID NOT JOIN THE INSTITUTE'S BOARD OF TRUSTEES UNTIL JULY 2018. THE INVESTMENT WAS ENTERED INTO SOLELY FOR THE BENEFIT OF THE INSTITUTE WITHOUT REGARD TO ANY POSSIBILTIY OF MR. LU JOINING THE BOARD IN THE FUTURE. DURING THE YEAR ENDING SEPTEMBER 30, 2018, THE INSTITUTE'S INVESTMENTS IN HIMALAYA INCURRED $2,143,472.79 IN MANAGEMENT FEES, PERFORMANCE FEES AND EXPENSES. AS OF SEPTEMBER 30, 2018 ACCRUED AND UNPAID MANAGEMENT FEES, PERFORMANCE FEES AND EXPENSES TOTALED $0. AS OF SEPTEMBER 30, 2018, HIMALAYA HAD TOTAL ASSETS UNDER MANAGEMENT OF APPROXIMATELY $9 BILLION. NAME OF PERSON: IONSPACE, INC. RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: DR. CHARLES ELACHI, A FORMER OFFICER OF THE INSTITUTE, IS THE CHIEF EXECUTIVE OFFICER OF IONSPACE. AMOUNT OF TRANSACTION: FEES OF $240,000 DESCRIPTION OF TRANSACTION: CALTECH CONTRACTED WITH IONSPACE TO PROVIDE CERTAIN TECHNICAL AND SCIENTIFIC SUPPORT SERVICES TO JPL IN SUPPORT OF THE CLOSEOUT AND DATA ANALYSIS PHASES OF ONE OF JPL'S DEEP SPACE MISSIONS. THE AWARD WAS BASED ON NASA'S SELECTION OF DR. ELACHI AS A SCIENCE TEAM LEAD FOR THE CASSINI PROJECT. X 84 43569480 hi-lo avg X EQUIPMENT 3 125829 INVENTORY&PLACE MARK 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 32A 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 $40,562,000) (REVENUE $29,916,000) AUXILIARY ENTERPRISES IN SUPPORT OF INSTITUTE'S MISSION CALTECH Y ALLOCATION (GRANTS $75,000) CASH ALLOCATION TO RELATED ORGANIZATION SUPPORTING INSTITUTE'S MISSION UNITED WAY GREATER LOS ANGELES ALLOCATION (GRANTS $47,000) CASH ALLOCATION TO MATCH EMPLOYEE CONTRIBUTIONS TO UNITED WAY. 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 THOMAS E. EVERHART AND PETER NORTON - BUSINESS RELATIONSHIP 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 B. KIPLING HAGOPIAN - BUSINESS RELATIONSHIP TRUSTEES KENT KRESA AND B. KIPLING HAGOPIAN BUSINESS RELATIONSHIP TRUSTEES RICHARD N. MERKIN AND DONALD W. TANG - BUSINESS RELATIONSHIP TRUSTEES LYNN A. BOOTH AND KENT KRESA - FAMILY RELATIONSHIP FORM 990, PART VI, LINE 11B THE INSTITUTE PREPARED FORM 990 WITH THE ASSISTANCE OF A PAID PREPARER. A DRAFT OF THE FORM 990 IS PRESENTED TO THE AUDIT AND COMPLIANCE COMMITTEE FOR REVIEW AND COMMENT. A FINAL COPY OF THE FORM 990 IS PROVIDED TO EACH MEMBER OF THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. 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 ALSO ARE 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, LINE 15A, 15B THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES NORMALLY REVIEWS ON AN ANNUAL BASIS 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 THE INSTITUTE HAS ESTIMATED THAT TRUSTEES DEVOTE, ON AVERAGE, AT LEAST ONE HOUR OF TIME PER WEEK. CERTAIN BOARD MEMBERS' TIME DEVOTED TO INSTITUTE BUSINESS MAY SUBSTANTIALLY EXCEED THIS ESTIMATE ON A REGULAR BASIS. 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 A PORTION OF THE COSTS OF RAISING AND STEWARDING ENDOWMENTS FROM ITS ENDOWMENT INVESTMENT POOL. ENDOWMENT RECOVERY REPRESENTS AMOUNTS APPLIED AGAINST CURRENT FUNDRAISING COSTS FROM THE ENDOWMENT. 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 OBLIGATIONS $ 772,000 ENDOWMENT RECOVERY ($ 9,959,000) LOSS ON DISPOSAL OF PROPERTY ($ 2,240,000) CHANGES IN FAIR VALUE OF INTEREST RATE SWAP $15,419,000 ------------- TOTAL ($ 3,992,000) 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. CIT MICROPROBE HOLDINGS LLC 1200 E CALIFORNIA BLVD PASADENA CA 91125 205217981 HOLDING CO. NV 19175 1657000 CIT WILSON AVENUE INVESTMENTS LLC 1200 E CALIFORNIA BLVD PASADENA CA 91125 461712999 HOLDING CO. DE 0 0 CIT WILSON HEC LLC 551 S WILSON AVE MAILCODE 2-42 PASADENA CA 91125 364849057 HOLDING CO CA 0 14369000 CIT CALTECH Y 1201 E CALIFORNIA BLVD PASADENA CA 91125 951684790 RECREATION CA 501(C)(3) 12,3,FI NA false ALUMNI ASSOCIATION OF CALTECH 345 S HILL AVE PASADENA CA 91125 956047395 ALUMNI CA 501(C)(3) 12,TYPE 1 NA false TOM AND VALLEY KNUDSEN FDN C/O CALTECH GIFT PLANNING PASADENA CA 91125 956031188 SUPPORT ORG CA 501(C)(3) 12,TYPE 1 NA false VARAGON FUND I LP 301 COMMERCE STREET SUITE 2040 FORT WORTH TX 76102 811640281 INVESTMENTS TX CALTECH RELATED 7273042 173416980 false 3488966 false 0.59128 CRAT (3) CHARITABLE TR CA CALTECH TRUST true CRUT (112) CHARITABLE TR CA CALTECH TRUST true HYDRA-ELECTRIC CO 3151 KENWOOD STREET BURBANK CA 91505 951914801 AEROSPACE CA WILSON HEC C CORP 0 14369000 1.00000 true false false false false false false false false true false true false true true false false true true VARAGON FUND I LP R 20497970 FMV VARAGON FUND I LP S 9122068 FMV SCHEDULE R, PART V, LINE 1L THE INSTITUTE ALLOWS THE CALTECH ALUMNI ASSOCIATION THE USE OF FACILITIES ON CAMPUS FREE OF CHARGE. THE CALTECH ALUMNI ASSOCIATION IS A RELATED ORGANIZATION WHOSE MISSION IS TO PROVIDE EDUCATIONAL AND OTHER PROGRAMS FOR CALTECH ALUMNI AND STUDENTS. THE INSTITUTE PROVIDES DIRECT ADMINISTRATIVE SUPPORT FREE OF CHARGE TO BOTH THE TOM AND VALLEY KNUDSEN FOUNDATION, A RELATED PHILANTHROPIC FOUNDATION, AND THE CALIFORNIA INSTITUTE OF TECHNOLOGY RETIREE MEDICAL PLAN FOR JPL RETIREES VEBA TRUST, A VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION ORGANIZED BY THE INSTITUTE THAT OPERATES IN CONJUNCTION WITH AN INSTITUTE-SPONSORED POSTRETIREMENT BENEFIT PLAN FOR JPL RETIREES.