2019-08-14T10:36:02-05:00 2018-09-30 861065772 Deloitte Tax LLP 250 East Fifth Street Cincinnati OH 45202 990 2017-10-01 330435954 The Scripps Research Institute SCRI 8587841000 10550 North Torrey Pines Road La Jolla CA 92037 Jared Machado Vice President, Finance/CFO 8587849817 2019-08-13 1 Rebecca Lyons P01487105 5137847100 167.219.88.226 2019-08-13 16:59:33 ED P C6DE77DF7EAFCE64E84CE20962AB172FB6FF0A8D 76FF2A6BB2396675DA7FC3BECCB7F23E28595D91 2017 2019-02-21 02:37:17Z Peter Schultz 10550 North Torrey Pines Road La Jolla CA 92037 481651130 0 X www.scripps.edu X 1924 CA TSRI conducts biomedical and biochemical research and postgraduate training programs. 19 17 2295 40 -264853 -227490 315969113 347588971 2686122 2371336 13877916 15706452 8316387 14463746 340849538 380130505 15071691 15511633 0 0 156817945 150123705 115752 202426 2918379 194347048 207270027 366352436 373107791 -25502898 7022714 787833020 791941824 155708857 149007980 632124163 642933844 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 335569570 2371336 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. 20806731 15511633 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. 356376301 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 0 0 1 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 0 0 0 1 258 0 1 2295 1 1 1 0 0 0 0 1 1 0 0 0 0 0 X 19 17 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AR CA CO CT DC FL GA HI IL KS KY LA ME MD MA MI MN MS MO NV NH NJ NM NY NC ND OH OK OR PA RI SC TN TX UT VA WA WV WI X Jared Machado 8587841000 3301 North Torrey Pines Court La Jolla CA 92037 X Peter G Schultz President/CEO 40.00 40.00 X X 368514 285562 67321 Herbert Boyer Director 1.00 1.00 X 0 0 0 Ronald Burkle Director 1.00 1.00 X 0 0 0 Gerald Chan Director 1.00 1.00 X 0 0 0 John D Diekman Board Chair 1.00 1.00 X 0 0 0 Mark Edwards Director 1.00 1.00 X 0 0 0 Peter C Farrell PhD DSc Director 1.00 1.00 X 0 0 0 Isy Goldwasser Director 1.00 1.00 X 0 0 0 Benedict Gross start 92818 Director 1.00 1.00 X 0 0 0 William R Hearst III Director 1.00 1.00 X 0 0 0 Sherry Lansing start 50718 Director 1.00 1.00 X 0 0 0 Ge Li Director 1.00 1.00 X 0 0 0 Claudia S Luttrell Director 1.00 1.00 X 0 0 0 Joel S Marcus Director 1.00 1.00 X 0 0 0 John Martin start 50718 Director 1.00 1.00 X 0 0 0 Mark Pearson Director 1.00 1.00 X 0 0 0 Bernard Saint-Donat PhD Director 1.00 1.00 X 0 0 0 Paul R Schimmel end 92818 Director/Professor 40.00 1.00 X 44300 0 21185 Jeffery Kelly start 92818 Director/Professor 40.00 1.00 X 372693 0 66417 Christopher T Walsh Director 1.00 1.00 X 0 0 0 Douglas A Bingham Secretary/EVP of Scripps Florida 40.00 1.00 X 301788 0 60656 Jared M Machado Treasurer/CFO 40.00 1.00 X 273430 0 65619 Tamara L Barnas Asst Secretary 40.00 0.00 X 91344 0 23393 James R Williamson VP Rsch & Academic Affairs 40.00 0.00 X 396719 0 67188 Kaye I Wynne VP Sponsored Programs 40.00 0.00 X 310774 0 68598 Cary E Thomas CIO 40.00 0.00 X 259056 0 62677 Matthew S Tremblay COO 40.00 40.00 X 165056 216426 7823 Demetrios I Andrikos VP Legal & General Counsel 40.00 1.00 X 204878 0 32697 Eric Topol MD Professor/Exec VP 40.00 0.00 X 562819 0 39682 Ronald L Davis Professor 40.00 0.00 X 341083 0 70005 Richard A Lerner Professor 29.00 0.00 X 6918267 0 62025 Edward Roberts Professor 40.00 0.00 X 337871 0 68682 Karl B Sharpless Professor 38.00 0.00 X 352726 0 66688 Peter K Vogt Professor/Former Exec VP 40.00 0.00 X 315522 0 66558 Richard A King End 42017 Former COO 40.00 0.00 X 191228 0 5333 Jim C Paulson Professor/Former Interim President 40.00 0.00 X 303471 0 66108 12111539 501988 988655 265 1 1 1 Montage Marketing Group L Mercedita Roxa 5714 Aberdeen Rd Bethesda MD 20814 PMI-CP - Grassroots Engagement Support 525883 Hogan Lovells US LLP 600 Brickell Ave Suite 2700 Miami FL 33131 Legal Services 468138 Deloitte & Touche LLP PO BOX 844708 Dallas TX 752844708 Audit & Tax Services 457569 Kilpatrick Townsend & Stockton LLP 1100 Peach Street Suite 2800 Atlanta GA 30309 Legal Services 393556 Husch Blackwell LLP PO BOX 790379 St Louis MO 63179 Legal Services 335413 21 310327 267087711 80190933 5439791 347588971 Patent Office 900099 2371336 2371336 2371336 7312135 -264853 7576988 13199137 13199137 1354681 1420021 -65340 -65340 -65340 107301816 1145212 99489339 563372 7812477 581840 8394317 8394317 47893 310327 47893 0 Shared Svcs-Scripps He 900099 550990 550990 778959 778959 1329949 380130505 2371336 -264853 30435051 X 12180160 12180160 3331473 3331473 4642511 1205290 3437221 116872260 112989333 2456856 1426071 -8051840 -7610980 -354974 -85886 28552667 27102949 1270546 179172 8108107 7664167 357454 86486 61997 61997 202426 202426 82244931 79310161 2613095 321675 3270152 2980257 141321 148574 21099534 20146238 896298 56998 3517449 3324984 91319 101146 1200591 1200591 31566074 31433071 133003 3149931 2568976 23306 557649 Lab Supplies 32496087 30983122 1385022 127943 Utilities 15113777 14584418 529359 Professional Services 14387685 12338254 1495647 553784 Disposal of Equipment 581840 581840 -1420021 -1420021 373107791 356376301 13813111 2918379 9731545 14276794 61447522 57168704 1070445 727597 2001009 2162031 3598817 6486461 773960513 461647495 312946198 312313018 248899120 189677483 133445871 204146696 14692493 4983040 787833020 791941824 45728376 46291700 29022695 32260013 36438422 33565017 15025000 14680000 29494364 22211250 155708857 149007980 X 410573438 407490389 167968379 152692169 53582346 82751286 632124163 642933844 787833020 791941824 X 7022714 3786960 7 X 0 1 X 1 1 1 X Scripps Health La Jolla CA 0 0 0 0 0 0 0 0 1 61997 61997 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. 69583647 29168940 888030 58631 99581986 72652489 3182125 2132475 8383442 69583647 69296085 3512735 1291236 1447567 72652489 65643081 5867557 -1511798 702755 69296085 65149149 323271 1679735 1509074 65643081 0.17000 0.83000 0 0 42906255 42906255 431589036 217246454 214342582 21299666 21133583 166083 272937086 220338881 52598205 5228470 2928577 2299893 312313018 Investment in Limited Partnerships 204146696 F 204146696 Pension Liability 16894237 Leases Schedule Rent 5020258 Unitrust 296755 22211250 Part V, Line 4: Investment return from the endowments supports scientific projects consistent with the mission and principles of The Scripps Research Institute. 1 East Asia and the Pacific 0 0 Program services Grants for scientific research 318812 Europe (including Iceland and Greenland) 0 0 Program services Grants for scientific research 1678354 Middle East and North Africa 0 0 Program services Grants for scientific research 227980 North America 0 0 Program services Grants for scientific research 1066766 Sub-Saharan Africa 0 0 Program services Grants for scientific research 39562 Central America & the Caribbean 0 0 Investments 76893453 0 0 0 0 0 0 80224927 0 80224927 East Asia and the Pacific Grants for scientific research 264812 Checks 0 FMV East Asia and the Pacific Grants for scientific research 54000 Checks 0 FMV Middle East and North Africa Grants for scientific research 227980 Checks 0 FMV Sub-Saharan Africa Grants for scientific research 39562 Electronic fund/wire transfer 0 FMV North America Grants for scientific research 270000 Checks 0 FMV North America Grants for scientific research 102848 Checks 0 FMV North America Grants for scientific research 27000 Checks 0 FMV North America Grants for scientific research 666918 Checks FMV Europe (including Iceland and Greenland) Grants for scientific research 45360 Checks 0 FMV Europe (including Iceland and Greenland) Grants for scientific research 659391 Checks 0 FMV Europe (including Iceland and Greenland) Grants for scientific research 22040 Checks 0 FMV Europe (including Iceland and Greenland) Grants for scientific research 60741 Checks 0 FMV Europe (including Iceland and Greenland) Grants for scientific research 129429 Electronic fund/wire transfer 0 FMV Europe (including Iceland and Greenland) Grants for scientific research 99350 Electronic fund/wire transfer 0 FMV Europe (including Iceland and Greenland) Grants for scientific research 415204 Checks FMV Europe (including Iceland and Greenland) Grants for scientific research 211198 Checks 0 FMV Europe (including Iceland and Greenland) Grants for scientific research 35640 Checks 0 FMV 0 17 1 0 1 0 0 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. TSRI has many scientists that travel around the world. Global travel is required by the scientists to attend various meetings and speak on their areas of specialty, as well as collaborate with scientists in foreign countries on subcontract activity. However, there are no offices outside of the U.S. or employees who reside outside of the U.S. 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 Sanky Communications Inc 599 11th Ave 6th Floor New York NY 100362110 E-Philanthropy 0 103804 68761 35043 Ground Work Digital LLC 907 Westwood Blvd Suite 167 Los Angeles CA 90024 E-Philanthropy 0 17459 133665 -116206 121263 202426 -81163 AL AR CA CO DC FL GA HI IL KS KY MD MA MI MN MS NH NJ NM NY NC OH OR PA RI SC TN UT VA WV WI Women For Cancer Research 247850 240150 7700 158 5847 1695 BallenIsles Men's Golf 61270 52770 8500 8500 2 49100 17407 31693 670 23848 7175 358220 310327 47893 158 670 29695 17370 47893 0 Schedule G, Part I, Line 2b, Column (v) The Sanky e-philanthropy program is a flat rate from 10/2017 - 3/2018, which includes the Sanky agency fee and all project fees. This includes all direct third-party vendor fees such as the merchant account for processing online contributions. The Ground Work Digital acted as new digital fundraising consultants from 3/2018-9/2018, which included an agency and all project fees. Also included were third party vendor fees, such as video production, digital campaigns, and travel. 1 Scholarships & Stipends, TSRI Graduate School 476 12180160 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, s/he would continue to be paid. X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 Peter G Schultz President/CEO 334811 285562 0 0 33703 0 54000 0 13321 0 435835 285562 0 0 Jeffery Kelly start 92818 Director/Professor 342006 0 0 0 30687 0 54000 0 12417 0 439110 0 0 0 Douglas A Bingham Secretary/EVP of Scripps Florida 239225 0 25002 0 37561 0 48710 0 11946 0 362444 0 0 0 Jared M Machado Treasurer/CFO 243718 0 18751 0 10961 0 48942 0 16677 0 339049 0 0 0 James R Williamson VP Rsch & Academic Affairs 347417 0 36001 0 13301 0 54000 0 13188 0 463907 0 0 0 Kaye I Wynne VP Sponsored Programs 256358 0 20979 0 33437 0 54000 0 14598 0 379372 0 0 0 Cary E Thomas CIO 216054 0 25002 0 18000 0 46998 0 15679 0 321733 0 0 0 Matthew S Tremblay COO 132556 124426 32500 92000 0 0 1250 6492 81 0 166387 222918 0 0 Demetrios I Andrikos VP Legal & General Counsel 203808 0 0 0 1070 0 15962 0 16735 0 237575 0 0 0 Eric Topol MD Professor/Exec VP 562819 0 0 0 0 0 27887 0 11795 0 602501 0 0 0 Ronald L Davis Professor 334057 0 0 0 7026 0 54000 0 16005 0 411088 0 0 0 Richard A Lerner Professor 415431 0 0 0 6502836 0 54000 0 8025 0 6980292 0 0 0 Edward Roberts Professor 330415 0 0 0 7456 0 54000 0 14682 0 406553 0 0 0 Karl B Sharpless Professor 343991 0 0 0 8735 0 54000 0 12688 0 419414 0 0 0 Peter K Vogt Professor/Former Exec VP 292746 0 0 0 22776 0 54000 0 12558 0 382080 0 0 0 Richard A King End 42017 Former COO 159869 0 0 0 31359 0 0 0 5333 0 196561 0 0 0 Jim C Paulson Professor/Former Interim President 278659 0 0 0 24812 0 54000 0 12108 0 369579 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. Part I, Line 4b Richard Lerner, M.D. participated in a non-qualified deferred compensation plan. Plan terminated 8/31/17 and payment was issued for $6,494,597. 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 2017, in exchange for these services, The Scripps Research Institute reimbursed the Scripps Medical Group $375,000. A California Infrastructure & Economic Development Bank 630304653 13034AMU1 2016-08-30 40511601 Refund and defease bonds previously issued for the 0 0 0 A 40511601 9030172 648704 31021457 2016 1 1 1 1 A 0 0 0 1 1 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 6/29/2000 and 2/23/2005. 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 Director - The Scripps Research Institute 5949096 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. 0 X 15 2439791 Cost or Selling Price X 1 3000000 Opinions of Experts 0 0 1 1 Part I, Column (b): Securities - Publicly traded - No. of contributions Real Estate - Residential - No. of items contributed Schedule M, Part II, Line 15b: TSRI received a real estate residential contribution appraised by Philip Tolles Appraisals, and it was valued at $3,000,000. Part I, Line 32b: Shares of stock gifted to TSRI are transferred into our brokerage account at Morgan Stanley Smith and Barney and they in turn sell the shares and wire the stock proceeds to TSRI. Form 990, Part VI, Section A, line 4 Effective 3/29/18, the Bylaws were amended to facilitate TSRI's merger with The California Institute for Biomedical Research, a 501(c)(3) not-for-profit biomedical research institute incorporated in California. Form 990, Part VI, Section B, line 11b On June 19, 2019, 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 Trustees 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 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 VII, Section B: TSRI patents many of its discoveries. For most of those discoveries, the cost of these patents is recovered from third parties pursuant to the terms of the underlying license. Form 990, Part IX, line 11g Purchase Services and Maintenance: Program service expenses 79,310,161. Management and general expenses 2,613,095. Fundraising expenses 321,675. Total expenses 82,244,931. Form 990, Part XI, line 9: Rounding 7. 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