2018-08-15T13:33:21-05:00 2017-09-30 861065772 Deloitte Tax LLP 250 East Fifth Street Cincinnati OH 45202 990 2016-10-01 330435954 The Scripps Research Institute SCRI 8587841000 10550 North Torrey Pines Road La Jolla CA 92037 Jared Machado Chief Financial Officer 8587849817 2018-08-15 1 Rebecca Lyons P01487105 5137847100 2016 2022-09-23 18:48:47Z Peter Schultz 10550 North Torrey Pines Road La Jolla CA 92037 383049673 0 X www.scripps.edu X 1924 CA TSRI conducts biomedical and biochemical research and postgraduate training programs. 16 14 2347 50 166157 0 323083434 315969113 2855648 2686122 15991165 13877916 6658459 8316387 348588706 340849538 15779618 15071691 0 0 166464708 156817945 112867 115752 2142561 182330778 194347048 364687971 366352436 -16099265 -25502898 795642918 787833020 158641940 155708857 637000978 632124163 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 330163707 2686122 Research is conducted in La Jolla, California and Jupiter, Florida with grants, contracts and fellowships that are received from public and private institutions and individuals. These awards fund biomedical research and the development of answers to fundamental and important questions. We believe that the pursuit of basic knowledge in chemistry and biology will inevitably lead to beneficial results applicable to the human condition and treatment of disease. 19214765 15071691 TSRI recognizes that a robust education program is key to the success of its laboratory-based investigations, and offers both graduate and post-graduate education programs. Post-doctoral education programs include fellowships for focused and supervised training on problems that will become central to subsequent investigations as these young scientists begin their scientific careers. TSRI's graduate program seeks to create an individualized curriculum for students studying at the interface of biology and chemistry - areas of scientific inquiry for which The Scripps Research Institute has earned its reputation for excellence. Courses can be chosen for either focused or interdisciplinary studies. Opportunities to craft a research project and area of study that encompasses several laboratories outside of the student's mentor are not only available but encouraged. Accommodations are made to suit the student's sensibilities and obstacles are routinely overcome to keep the best interests of the students at the forefront of the program. 349378472 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 0 1 0 0 0 0 1 0 0 0 1 236 0 1 2347 1 1 1 0 0 0 0 1 1 0 0 0 0 0 X 16 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA CT FL IL NJ NY PA MD AL AR DC GA HI KS KY MA MI MN MS MO NC NH NM OR RI SC TN TX UT VA WV WI X Jared Machado 8587841000 3301 North Torrey Pines Court La Jolla CA 92037 Peter G Schultz PhD Vice Chair/President/CEO 24.00 0.00 X X 362229 0 65605 Herb Boyer start 101816 Director 1.00 0.00 X 0 0 0 Ron Burkle start 33117 Director 1.00 0.00 X 0 0 0 Gerald Chan start 101816 Director 1.00 0.00 X 0 0 0 John D Diekman start 13017 Board Chair 1.00 0.00 X 0 0 0 Mark Edwards start 100116 Director 1.00 0.00 X 0 0 0 Peter C Farrell PhD DSc Director 1.00 0.00 X 0 0 0 Richard A Gephardt Director (end 4/18/17) 1.00 0.00 X 0 0 0 Isy Goldwasser start 100116 Director 1.00 0.00 X 0 0 0 William R Hearst III Director (start 10/18/16) 1.00 0.00 X 0 0 0 Ge Li start 13017 Director 1.00 0.00 X 0 0 0 Claudia S Luttrell Director 1.00 0.00 X 0 0 0 Joel S Marcus start 51517 Director 1.00 0.00 X 0 0 0 Mark Pearson Director 1.00 0.00 X 0 0 0 Bernard Saint-Donat PhD Director 1.00 0.00 X 0 0 0 Paul Schimmel start 101816 Director/Professor 40.00 0.00 X 31129 0 18344 Christopher T Walsh Director (start 10/01/16) 1.00 0.00 X 0 0 0 Douglas A Bingham Secretary/COO 40.00 0.00 X 246707 0 58858 Jared M Machado Treasurer/CFO 40.00 0.00 X 225800 0 48792 Tamara L Barnas Asst Secretary 40.00 0.00 X 90997 0 22567 Richard A King Chief Operating Officer 40.00 0.00 X 289689 0 8978 Cary E Thomas Chief Information Officer 40.00 0.00 X 599458 0 38036 James R Williamson VP Academic Affairs 40.00 0.00 X 339947 0 65508 Kaye I Wynne VP Sponsored Programs 40.00 0.00 X 289795 0 66920 Ronald L Davis Chairman 40.00 0.00 X 394979 0 68276 Jeffery W Kelly Chairman 40.00 0.00 X 372696 0 64733 Richard A Lerner Professor 40.00 0.00 X 600538 0 64488 Edward Roberts Professor 40.00 0.00 X 335707 0 67250 Karl Barry Sharpless Professor 40.00 0.00 X 370631 0 65060 Steve A Kay Former President 20.00 0.00 X 462282 0 62014 Thomas E Northrup Secretary/General Counsel (end 12/4/15) 0.00 0.00 X 306260 0 0 Jim C Paulson Professor/Former Interim President 40.00 0.00 X 300912 0 66977 Peter K Vogt Professor/Former Exec VP 40.00 0.00 X 315508 0 64878 Donna J Weston Treasurer/CFO (end 12/26/15) 0.00 0.00 X 834147 0 0 6769411 0 917284 258 1 1 0 Hogan Lovells US LLP 600 Brickell Ave Suite 2700 Miami FL 33131 Legal Services 479522 Deloitte & Touche LLP 655 W Broadway Suite 700 San Diego CA 92101 Audit & Tax Services 468957 Schwegman Lundberg Woessner 1600 TCF Tower 121 S 8th Street Minneapolis MN 554022818 Legal Services 369766 Olson & Cepuritis Ltd 20 N Upper Wacker Drive Chicago IL 60606 Legal Services 269123 Kilpatrick Townsend & Stockton Two Embarcadero Center Suite 1900 San Francisco CA 94111 Legal Services 265795 12 416164 250093081 65459868 106359 315969113 Patent Office 900099 2686122 2686122 2686122 6111090 166157 5944933 7235630 7235630 1445786 1567863 -122077 -122077 -122077 46853756 1473878 39783924 776884 7069832 696994 7766826 7766826 71464 416164 71464 0 Shared Svcs-Scripps He 900099 526692 526692 676142 676142 1202834 340849538 2686122 166157 22028146 X 11340328 11340328 3731363 3731363 2861354 996361 1864993 119325099 113584968 4900976 839155 -1394462 -1315039 -70659 -8764 27939390 27045667 812875 80848 8086564 7625988 409756 50820 184542 184542 115752 115752 76107083 73140405 2601733 364945 3055775 2749945 120172 185658 19018299 18089354 864355 64590 3330598 3244286 53645 32667 1244780 1244780 31289185 31158622 130563 3534458 2855421 9865 669172 Lab Supplies 32317897 30676614 1363295 277988 Utilities 14235728 13727890 0 507838 Professional Services 10899473 8599984 1900397 399092 Rental Expenses -1567763 -1567763 696993 696993 366352436 349378472 14831403 2142561 14021087 9731545 57035550 61447522 1902608 1070445 2328571 2001009 3956181 3598817 757834731 444888533 320822541 312946198 244099543 248899120 132298000 133445871 19178837 14692493 795642918 787833020 34400809 45728376 27550871 29022695 40460119 36438422 15445000 15025000 40785141 29494364 158641940 155708857 X 409912387 410573438 176688370 167968379 50400221 53582346 637000978 632124163 795642918 787833020 X -25502898 20626070 13 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 184542 184542 0 Part II-B, Line 1: TSRI pays annual dues to the Association of Independent Research Institutes (AIRI), the California Biomedical Research Association, BioFlorida, and the National Association of Biomedical Research (NABR), a portion of which is used for lobbying activities. TSRI also uses the services of KMarcus Research Group LLC and Southern Strategy Group for 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. 72652489 3182125 2132475 8383442 69583647 69296085 3512735 1291236 1447567 72652489 65643081 5867557 -1511798 702755 69296085 65149149 323271 1679735 1509074 65643081 63414527 252501 2154224 672103 65149149 0.23000 0.77000 0 0 42645590 42645590 420870510 203658466 217212044 21299666 20330064 969602 268963770 218178117 50785653 4055195 2721886 1333309 312946198 Investment in Limited Partnerships 133445871 F 133445871 Pension Liability 24723194 Leases Scheduled Rent 4224202 Unitrust 546968 29494364 362346377 20626070 870769 21496839 340849538 0 340849538 367223207 870771 870771 366352436 0 366352436 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 1,567,762. Gain on Disposal of Equipment -696,993. Part XII, Line 2d - Other Adjustments: Rental Expenses Netted Against Rental Revenue 1,567,764. Gain on Disposal of Equipment -696,993. 1 East Asia and the Pacific 0 0 Program services Laboratory for TSRI scientists & students 1382540 Europe (including Iceland and Greenland) 0 0 Program services Laboratory for TSRI scientists & students 1693601 North America 0 0 Program services Laboratory for TSRI scientists & students 571896 Middle East and North Africa 0 0 Program services Laboratory for TSRI scientists & students 83328 Central America & the Caribbean 0 0 Investments 76408302 0 0 0 0 0 0 80139667 0 80139667 East Asia and the Pacific Laboratory for TSRI scientists and students 1283131 Electronic fund/wire transfer 0 FMV East Asia and the Pacific Laboratory for TSRI scientists and students 99409 Electronic fund/wire transfer 0 FMV Middle East and North Africa Laboratory for TSRI scientists and students 83328 Electronic fund/wire transfer 0 FMV North America Laboratory for TSRI scientists and students 21779 Electronic fund/wire transfer 0 FMV North America Laboratory for TSRI scientists and students 245466 Electronic fund/wire transfer 0 FMV North America Laboratory for TSRI scientists and students 304650 Electronic fund/wire transfer FMV Europe (including Iceland and Greenland) Laboratory for TSRI scientists and students 166784 Electronic fund/wire transfer 0 FMV Europe (including Iceland and Greenland) Laboratory for TSRI scientists and students 80250 Electronic fund/wire transfer 0 FMV Europe (including Iceland and Greenland) Laboratory for TSRI scientists and students 82982 Electronic fund/wire transfer 0 FMV Europe (including Iceland and Greenland) Laboratory for TSRI scientists and students 692495 Electronic fund/wire transfer 0 FMV Europe (including Iceland and Greenland) Laboratory for TSRI scientists and students 529426 Electronic fund/wire transfer 0 FMV Europe (including Iceland and Greenland) Laboratory for TSRI scientists and students 57915 Electronic fund/wire transfer 0 FMV Europe (including Iceland and Greenland) Laboratory for TSRI scientists and students 83748 Electronic fund/wire transfer FMV 0 13 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 for the lab provided for use of the TSRI researcher and monitors detailed billing statements for student 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. It is not feasible to gather the detailed information regarding expenditures for Part I. 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 6tth Floor New York NY 100362110 E-Philanthropy 0 146194 115752 30442 146194 115752 30442 CA CT DC ME ND NV OK RI SC UT WA WI Women For Cancer Research 224343 213221 11122 9540 1582 BallenIsles Men's Club 95692 82294 13398 3906 9492 3 167593 120649 46944 37881 9063 487628 416164 71464 51327 9063 11074 71464 0 PART I, LINE 2B, COLUMN (V): The Sanky E-Philanthropy Program is a flat rate, which includes the Sanky agency fee and all of the project fees. This includes all direct third-party vendor fees such as the merchant account for processing online contributions. 1 Scholarships & Stipends, TSRI Graduate School 459 11340328 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 1 1 X X X X 1 1 0 0 0 0 0 0 0 Peter G Schultz PhD Vice Chair/President/CEO 331641 0 0 0 30588 0 53000 0 12605 0 427834 0 0 0 Douglas A Bingham Secretary/COO 236651 0 0 0 10056 0 48093 0 10765 0 305565 0 0 0 Jared M Machado Treasurer/CFO 215375 0 0 0 10425 0 33450 0 15342 0 274592 0 0 0 Richard A King Chief Operating Officer 266515 0 0 0 23174 0 0 0 8978 0 298667 0 0 0 Cary E Thomas Chief Information Officer 186858 0 0 0 412600 0 25668 0 12368 0 637494 0 0 0 James R Williamson VP Academic Affairs 326652 0 0 0 13295 0 53000 0 12508 0 405455 0 0 0 Kaye I Wynne VP Sponsored Programs 256358 0 0 0 33437 0 53000 0 13920 0 356715 0 0 0 Ronald L Davis Chairman 334107 0 0 0 60872 0 53000 0 15276 0 463255 0 0 0 Jeffery W Kelly Chairman 342009 0 0 0 30687 0 53000 0 11733 0 437429 0 0 0 Richard A Lerner Professor 588654 0 0 0 11884 0 53000 0 11488 0 665026 0 0 0 Edward Roberts Professor 330167 0 0 0 5540 0 53000 0 14250 0 402957 0 0 0 Karl Barry Sharpless Professor 361534 0 0 0 9097 0 53000 0 12060 0 435691 0 0 0 Steve A Kay Former President 386388 0 65385 0 10509 0 53000 0 9014 0 524296 0 0 0 Thomas E Northrup Secretary/General Counsel (end 12/4/ 0 0 0 0 306260 0 0 0 0 0 306260 0 0 0 Jim C Paulson Professor/Former Interim President 276109 0 0 0 24803 0 53000 0 13977 0 367889 0 0 0 Peter K Vogt Professor/Former Exec VP 292746 0 0 0 22762 0 53000 0 11878 0 380386 0 0 0 Donna J Weston Treasurer/CFO (end 12/26/15) 0 0 0 0 834147 0 0 0 0 0 834147 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. Part I, Lines 4a-b Severance Payments: Cary E. Thomas - $412,600 Thomas E. Northrup - $306,260 Donna J. Weston - $834,147 Part I, Line 4b: Richard Lerner, M.D. participated in a non-qualified deferred compensation plan. Plan terminated 8/31/17. 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 9338907 648704 30610696 2016 1 1 1 1 A 0 0 0 1 1 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 II, Column A: Issuance-$40,511,601 Refunded-($30,610,696) Defeasance-($9,338,907) Actual Issuance Costs Paid- ($648,704) 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 the bonds. X 10 106359 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 Salomon Smith Barney and they in turn sell the shares and wire the stock proceeds to TSRI. 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 VI, Section B, line 11b On June 20, 2018, 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 and approved by the Board of Directors. 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 available on the TSRI web-site and 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 73,140,405. Management and general expenses 2,601,733. Fundraising expenses 364,945. Total expenses 76,107,083. Form 990, Part XI, line 9: Rounding 13. The Scripps Florida Inc 130 Scripps Way 4B2 Jupiter FL 334585284 475487399 Fundraising FL 501(c)(3) Line 12a, I The Scripps Research Institute 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0