2015-08-13T12:40:23-05:00 2014-09-30 PricewaterhouseCoopers LLP 125 High Street Boston MA 02110 990 2013-10-01 951643307 California Institute of Technology % MATTHEW W BREWER CALI 6263956744 1200 E California Blvd Suite 117-15 Pasadena CA 91125 MATTHEW W BREWER CONTROLLER 6263956744 2015-08-12 true PRICEWATERHOUSECOOPERS LLP P01390592 6263956744 2013 2016-02-25 16:41:14Z DR THOMAS F ROSENBAUM 1200 E CALIFORNIA BLVD pasadena CA 91125 2970932000 false X www.caltech.edu X 1891 CA SEE SCHEDULE O 62 52 10265 514 21878000 371146000 382698000 1590743000 1772561000 114094000 124252000 40840000 16812000 2116823000 2296323000 76614000 71453000 0 0 1167739000 1200039000 0 0 14661000 862519000 988202000 2106872000 2259694000 9951000 36629000 4131634000 4166404000 1769070000 1649022000 2362564000 2517382000 X SEE SCHEDULE O false false 323086000 71333000 162454000 INSTRUCTION AND ACADEMIC SUPPORT AT THE CAMPUS. 251374000 22521000 ORGANIZED RESEARCH AT THE CAMPUS. 1560024000 1560024000 Sponsored research at the Jet Propulsion Laboratory. 30586000 120000 27562000 2165070000 true true false true false false false true true true true true false false true true true false true true true false true false false false false true true true true false false false false false true true false true true true false false false true true true false false false true X 2617 0 true 10265 true true true true CI SZ false false false false false false false false X 62 52 true false false false false false false true true false false true true true true true true true true true true CA IL X MATTHEW W BREWER 6263958818 1200 E CALIFORNIA BLVD pasadena CA 91125 X BARBARA M BARRETT TRUSTEE (SINCE 1/30/14) 1.0 X 0 0 0 GORDON M BINDER TRUSTEE 1.0 X Robert C Bonner Trustee 1.0 X LYNN A BOOTH TRUSTEE 1.0 X Brigitte M Bren Trustee 1.0 X John E Bryson Trustee 1.0 X Milton M Chang Trustee 1.0 X John S Chen Trustee 1.0 X WENCHI CHEN TRUSTEE 1.0 X PEGGY T CHERNG TRUSTEE 1.0 X Robert B Chess Trustee 1.0 X William H Davidow Trustee 1.0 X DAVID T DREIER Trustee 1.0 X Lounette M Dyer Trustee 1.0 X Thomas E Everhart TRUSTEE 1.0 X JOSHUA S FRIEDMAN Trustee 1.0 X William T Gross Trustee 1.0 X NARENDRA K GUPTA TRUSTEE 1.0 X B KIPLING HAGOPIAN TRUSTEE 1.0 X Frederick J Hameetman Trustee 1.0 X Shirley M Hufstedler Trustee 1.0 X MARIA D HUMMER-TUTTLE TRUSTEE 1.0 X Bobby R Inman Trustee 1.0 X Robert T Jenkins Trustee 1.0 X G BRADFORD JONES TRUSTEE 1.0 X Peter D Kaufman Trustee 1.0 X Louise Kirkbride Trustee 1.0 X WALTER G KORTSCHAK TRUSTEE 1.0 X Kent Kresa Trustee 1.0 X Jon B Kutler Trustee 1.0 X David LI Lee Trustee 1.0 X York Liao Trustee 1.0 X Alexander Lidow Trustee 1.0 X Ronald K Linde Trustee 1.0 X A Michael Lipper Trustee 1.0 X ANDREW N LIVERIS Trustee 1.0 X Shirley M Malcom Trustee 1.0 X Deborah D McWhinney Trustee 1.0 X Richard Merkin Trustee 1.0 X KENNETH G MOORE TRUSTEE 1.0 X Philip M Neches Trustee 1.0 X Patrick H Nettles Jr Trustee 1.0 X Peter Norton Trustee 1.0 X Ronald L Olson Trustee 1.0 X Stephen R Onderdonk Trustee 1.0 X Pedro J Pizarro Trustee 1.0 X Stewart A Resnick Trustee 1.0 X Nelson C Rising Trustee 1.0 X Stephen A Ross Trustee 1.0 X James F Rothenberg Trustee 1.0 X RICHARD H SCHELLER TRUSTEE 1.0 X Marc I Stern TRUSTEE 1.0 X Donald W Tang TRUSTEE 1.0 X KEVIN M TAWEEL Trustee 1.0 X DAVID W THOMPSON Trustee 1.0 X Charles R Trimble Trustee 1.0 X Lewis W van Amerongen Trustee 1.0 X Walter L Weisman Trustee 1.0 X Gayle E Wilson TRUSTEE 1.0 X RICHMOND A WOLF Trustee 1.0 X Suzanne H Woolsey TRUSTEE 1.0 X EDWARD M STOLPER PROV/INTRM PRES(UNTIL 6/30/14) 40.0 X X 631498 113216 THOMAS F ROSENBAUM PRES/TRUSTEE (SINCE 7/1/14) 40.0 X X MATTHEW W BREWER CONTROLLER 40.0 X 208171 38028 DEAN CURRIE VP FOR BUSINESS AND FINANCE 40.0 X 545806 63392 CHARLES ELACHI VP/DIR JET PROPULSION LAB 40.0 X 808400 53799 DIANA JERGOVIC VP STRATEGY IMPL(SINCE 7/1/14) 40.0 X BRIAN K LEE VP for Dev & INSTIT. RELATIONS 40.0 X 554918 60014 MADELINE WAY LEE Assistant Treasurer 32.0 X 141673 34346 JENNIFER THERESA LUM DEPUTY GENERAL COUNSEL 40.0 X 233437 55449 SHARON E PATTERSON Assoc. VP for fin. & treas. 40.0 X 325311 42302 SCOTT H RICHLAND Chief Investment Officer 40.0 X 571821 369822 ANNEILA I SARGENT vp for Student Affairs 40.0 X 323071 53119 VICTORIA D STRATMAN General Counsel 40.0 X 399262 56497 MARY L WEBSTER Secretary of board of trustees 40.0 X 226976 47460 LARRY D JAMES DEPUTY DIRECTOR, JPL 40.0 X 253317 17309 JAKOB VAN ZYL FAC ASSOC. & ASSOC DIR JPL 40.0 X 336496 51833 MICHAEL ASCHBACHER PROFESSOR/EMERITUS 40.0 X 841039 49264 JANET F BAER DIRECTOR, OLAR 40.0 X 438726 40128 JEAN-LOU A CHAMEAU PRESIDENT/EMERITUS 40.0 X 444420 30197 EDWARD STONE PROFESSOR OF PHYSICS 40.0 X 407180 57460 EUGENE L TATTINI FMR Deputy Dir, Jet Prop Lab 40.0 X 401045 34808 8092567 0 1268443 3904 false true false ITT CORPORATION 5009 CENTENNIAL BLVD COLORADO SPRINGS CO 809192401 OPERATING DSN 51915955 LOCKHEED MARTIN CORP 12257 S WADSWORTH LITTLETON CO 80125 AEROSPACE 73471047 RAYTHEON 2000 EAST EL SEGUNDO BLVD EL SEGUNDO CA 90245 AEROSPACE 21655394 NORTHROP GRUMMAN SYSTEMS CORPORATIO 1 SPACE PARK DRIVE REDONDO BEACH CA 902781001 AEROSPACE 48781246 LOCKHEED MARTIN INTEGRATED SYSTEMS 2339 ROUTE 70 WEST CHERRY HILL NJ 080023315 INSTITUTIONAL COMP. 26623783 5 259138000 123560000 15397000 382698000 JPL AND OTHER AWARDS 900099 1628630000 1628630000 STUDENT TUITION 611600 88279000 88279000 USE OF FACILITIES 900099 28090000 28090000 AUXILIARY ENTERPRISES 900099 27562000 9253000 4155000 14154000 1772561000 40461000 17686000 22775000 0 16350000 16350000 429000 4000 425000 0 425000 425000 757039000 1357000 674280000 325000 82759000 1032000 83791000 83791000 0 0 0 ADVERTISING AND FILMING 900099 37000 37000 37000 2296323000 125622000 21878000 1766125000 2279000 2279000 68963000 68963000 211000 211000 0 7224000 2863000 3703000 658000 5894000 4924000 853000 117000 924797000 887850000 29524000 7423000 89591000 86129000 2817000 645000 111874000 99148000 11740000 986000 60659000 57673000 2463000 523000 0 9774000 6389000 3385000 646000 646000 615000 615000 0 6966000 6966000 15224000 10546000 4101000 577000 264000 99000 130000 35000 289524000 283663000 3571000 2290000 4807000 3126000 1646000 35000 128000 112000 16000 56643000 52355000 3810000 478000 36267000 35054000 649000 564000 0 6979000 6702000 233000 44000 25718000 25231000 401000 86000 0 67170000 66033000 937000 200000 6107000 4350000 1757000 CONTRACT SERVICES 589427000 589427000 JPL POST EMPLYMNT OBLIGATION -128057000 -128057000 2259694000 2165070000 79963000 14661000 X 0 0 206111000 173694000 77898000 92385000 216290000 239130000 350000 350000 0 0 507108 435000 0 0 559031000 456226000 1679867000 813161000 874288000 866706000 979434000 1074075000 1187108000 1263403000 0 0 0 0 30616892 0 4131634000 4166404000 408913000 462540000 0 0 34605000 44549000 275598000 275576000 83550000 90327000 0 0 0 0 451372000 406786000 515032000 369244000 1769070000 1649022000 X 665085000 708350000 725844000 750967000 971635000 1058065000 2362564000 2517382000 4131634000 4166404000 X 36629000 88824000 29365000 X false true X true true true X 398100000 411867000 415694000 371146000 382698000 1979505000 0 0 398100000 411867000 415694000 371146000 382698000 1979505000 0 1979505000 46735000 37271000 27421000 54294000 39554000 205275000 3567000 14868000 21878000 40313000 0 2225093000 8706842000 0.88963 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false true 490000 true 125000 false true 615000 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 INSTITUTE'S STAFF IN THE COURSE OF NECESSARY COMMUNICATIONS WITH GOVERNMENT OFFICIALS AND INFORMATIONAL PUBLIC EDUCATION ACTIVITIES, MAY FROM TIME TO TIME ENGAGE IN COMMUNICATION WHICH MAY BE CONSIDERED TO INFLUENCE LEGISLATION. TOTAL LOBBYING EXPENDITURES INCLUDE THE TOTAL OF ALL EXPENDITURES IN ALL ACCOUNTS THAT THE INSITUTE BELIEVES MAY POTENTIALLY HAVE ANY RELATIONSHIP TO LOBBYING. THIS AMOUNT INCLUDES ALL OFFICE BUDGET EXPENDITURES OF THE INSTITUTE'S OFFICE OF GOVERNMENT RELATIONS, OF WHICH ONLY A FRACTION IS EXPENDED FOR LOBBYING ACTIVITIES. THE INSTITUTE IS A MEMBER OF CERTAIN PROFESSIONAL AND ACADEMIC ORGAIZATIONS THAT HAVE REGISTERED TO LOBBY ON BEHALF OF MEMBERSHIP. ALTHOUGH A SMALL PORTION OF THE INSTITUE'S MEMBERSHIP DUES MAY BE USED FOR LOBBYING, THE AMOUNT IS IMMATERIAL. CALTECH'S MEMBERSHIP IN THESE ORGANIZATIONS IS FOR THE PURPOSE OF HAVING ACCESS TO THE MOST CURRENT INFORMATION ON GOVERNMENT AND BUSINESS DEVELOPMENTS AS THEY RELATE TO COLLEGES AND UNIVERSITIES AND NOT FOR ANY LOBBYING EFFORT. X X false false true X 1961311000 79637000 188312000 18546000 77786000 17198000 2115730000 1811497000 63352000 194690000 17756000 74748000 15724000 1961311000 1624331000 48421000 247221000 15692000 77320000 15464000 1811497000 1631959000 106064000 -10788000 13767000 75029000 14108000 1624331000 1507019000 81279000 151556000 15015000 73401000 19479000 1631959000 0.29950 0.69060 0.00990 false false 40817000 40817000 1023516000 399226000 624290000 553520000 413935000 139585000 62014000 62014000 866706000 ALTERNATIVE SECURITIES 675277000 F PRIVATE EQUITY 174412000 F REAL ASSETS 413714000 F 1263403000 0 ACCUMULATED POST RET. BENEFIT 369244000 369244000 X 2318418000 88824000 -66729000 22095000 2296323000 2296323000 2200757000 2200757000 6966000 51971000 58937000 2259694000 FORM 990, 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. FORM 990, SCHEDULE D, PART III, LINE 4 CALTECH MAINTAINS A COLLECTION OF INSTITUTIONAL RECORDS, DOCUMENTs, ARTIFACTS, and SPECIMENS FOR HISTORICAL PRESERVATION, INSTRUCTION, AND SCHOLARLY RESEARCH. FORM 990, 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. FORM 990, SCHEDULE D, PART V, LINE 4 The Institute's endowment functions to provide income to support the Institute's mission of scientific research and education. Form 990, Schedule D, Part VII, Line 3(A) Alternative Securities include, but are not limited to, substantial INVESTMENT holdings that are illiquid and/or contain various redemption restrictions. FORM 990, 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, 2014 AND 2013, 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, 2014 AND 2013. FORM 990, SCHEDULE D, PART XI, LINE 2D RECLASSify FINANCIAL AID NETTED WITH TUITION ($51,971,000) CHANGES IN FAIR VALUE OF INTEREST RATE SWAP ($7,792,000) INVESTMENT EXPENSE ($6,966,000) TOTAL ($66,729,000) FORM 990, SCHEDULE D, PART XII, LINE 4B FINANCIAL AID EXPENSE $51,971,000 Total $51,971,000 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 Antarctica Program Services SCIENTIFIC RESEARCH 1439 Central America and the Caribbean Investments 542070544 Central America and the Caribbean Program Services SCIENTIFIC RESEARCH 132754 East Asia and the Pacific Investments 3232652 East Asia and the Pacific Program Services SCIENTIFIC RESEARCH 2454351 Europe (Including Iceland and Greenland) Investments 25834474 Europe (Including Iceland and Greenland) 2 15 Program Services SCIENTIFIC RESEARCH&ED 16626755 Middle East and North Africa Investments 503750 Middle East and North Africa Program Services SCIENTIFIC RESEARCH 248982 North America Investments 8118398 North America Program Services SCIENTIFIC RESEARCH 3522947 Russia and the Newly Independent States Investments 4474804 Russia and the Newly Independent States Program Services SCIENTIFIC RESEARCH 155368 South America Investments 38011381 South America Program Services SCIENTIFIC RESEARCH 363213 South Asia Program Services SCIENTIFIC RESEARCH 663670 Sub-Saharan Africa Investments 2065821 Sub-Saharan Africa Program Services SCIENTIFIC RESEARCH 99777 2 15 2 15 648481303 99777 648581080 STUDY ABROAD Europe (Including Iceland and Greenland) 22 211000 WIRE TRANS true false true true true true Form 990, 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. FORM 990, 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). FORM 990, 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. TMT OBSERVATORY CORPORATION 1111 S ARROYO PKWY PASADENA CA 91105 200988966 501(c)(3) 2159000 Scientific Collab. UNITED WAY GREATER LOS ANGELES 1150 S OLIVE ST SUITE T500 LOS ANGELES CA 90015 952274801 501(C)(3) 45000 DESIGNATED ASSISTANCE 3 0 STUDENT AID 1655 68963000 form 990, 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 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. TMT DEVELOPMENT CORPORATION COLLABORATES WITH THE INSTITUTE ON THE THIRTY METER TELESCOPE PROJECT. THE INSTITUTE MAKES AN ANNUAL DONATION (DESIGNATED ASSISTANCE) TO THE UNITED WAY OF GREATER LOS ANGELES. THE INSTITUTE ALLOWS THE CHILDREN'S CENTER AT CALTECH THE USE OF FACILITIES ON CAMPUS FREE OF CHARGE. THE CHILDREN'S CENTER IS AN UNRELATED NONPROFIT ORGANIZATION WHOSE MISSION IS TO PROVIDE CHILD CARE SERVICES TO PARENTS THAT LIVE IN THE VICINITY OF CALTECH OR ARE EMPLOYED BY CALTECH. INSTITUTE OFFICES MONITOR GRANTEES PERFORMANCE ACCORDING TO THEIR RESPECTIVE PROGRAM SERVICES GOALS AND/OR PURSUANT TO OTHER AGREEMENTS. FORM 990, SCHEDULE I, PART III, COLUMN (C) CASH GRANTS REPRESENT CREDIT ON ACCOUNTS. X X X true true X X X true true false false false false false true false MATTHEW W BREWER CONTROLLER 207808 363 23374 14654 246199 DEAN CURRIE VP FOR BUSINESS AND FINANCE 544906 900 39419 23973 609198 CHARLES ELACHI VP/DIR JET PROPULSION LAB 496517 293500 18383 39419 14380 862199 BRIAN K LEE VP for Dev & INSTIT. RELATIONS 482267 72651 39419 20595 614932 MADELINE WAY LEE Assistant Treasurer 141673 14224 20122 176019 JENNIFER THERESA LUM DEPUTY GENERAL COUNSEL 232968 469 28055 27394 288886 SHARON E PATTERSON Assoc. VP for fin. & treas. 315684 9627 29219 13083 367613 SCOTT H RICHLAND Chief Investment Officer 411654 140354 19813 324219 45603 941643 137981 ANNEILA I SARGENT vp for Student Affairs 322507 564 39419 13700 376190 EDWARD M STOLPER PROV/INTRM PRES(UNTIL 6/30/14) 613098 18400 104419 8797 744714 VICTORIA D STRATMAN General Counsel 381069 18193 39419 17078 455759 MARY L WEBSTER Secretary of board of trustees 210939 16037 34919 12541 274436 LARRY D JAMES DEPUTY DIRECTOR, JPL 136225 87929 29163 16425 884 270626 JAKOB VAN ZYL FAC ASSOC. & ASSOC DIR JPL 319454 17042 39419 12414 388329 MICHAEL ASCHBACHER PROFESSOR/EMERITUS 113266 727773 43133 6131 890303 JANET F BAER DIRECTOR, OLAR 231597 207129 32211 7917 478854 JEAN-LOU A CHAMEAU PRESIDENT/EMERITUS 435220 9200 19710 10487 474617 EDWARD STONE PROFESSOR OF PHYSICS 311823 95357 39419 18041 464640 EUGENE L TATTINI FMR Deputy Dir, Jet Prop Lab 288510 80960 31575 31377 3431 435853 form 990, schedule j, part i, line 1a 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 2013, two officers, two key employees, and one highest compensated employee received first class or charter travel benefits. Travel for business purposes is not included in taxable wages. TAX INDEMNIFICATION AND GROSS UP PAYMENTS: DURING calendar year 2013, ONE OFFICER AND ONE HIGHEST COMPENSATED EMPLOYEE RECEIVED TAX INDEMNIFICATION AND GROSS UP PAYMENTS. Housing Allowance: Housing allowances are provided to certain officers, key employees and highest compensated employees as part of the Institute's Salary Supplement Housing Program, which is governed by a written policy. During calendar year 2013, one officer and ONE KEY EMPLOYEE received housing allowance benefits. Payments under this program are included in taxable wages. RENTAL ALLOWANCE: RENTAL ALLOWANCES ARE PROVIDED TO CERTAIN OFFICERS AND HIGHEST COMPENSATED EMPLOYEES. THESE ALLOWANCES ARE GOVERNED BY INDIVIDUAL WRITTEN AGREEMENTS WITH THE RESPECTIVE EMPLOYEES. DURING calendar year 2013, ONE OFFICER AND ONE HIGHEST COMPENSATED EMPLOYEE RECEIVED RENTAL ALLOWANCE BENEFITS THAT WERE GROSSED-UP FOR APPLICABLE TAXES AND INCLUDED IN TAXABLE WAGES. SCHEDULE J, PART I, LINE 4A SCHEDULE J, PART I, COLUMN B (III) INCLUDES COMPENSATION OF $710,032 PAID IN CALENDAR YEAR 2013 TO MICHAEL ASCHBACHER UNDER THE INSTITUTE'S EARLY RETIREMENT PLAN FOR FACULTY. FORM 990, 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 TO ASSIST WITH RECRUITMENT AND RETENTION OF EMPLOYEES FOR ITS INVESTMENT OFFICE. UNDER THE TERMS OF THE PLAN PARTICIPANTS ARE ELIGIBLE FOR CERTAIN AWARDS BASED ON THE PERFORMANCE OF THE INSTITUTE'S INVESTMENTS AS MEASURED BY CERTAIN QUANTITATIVE AND QUALITATIVE FACTORS. DEFERRED AWARDS EARNED IN 2013 ARE SCHEDULED TO BE PAID OVER THE NEXT FIVE CALENDAR YEARS. THE DEFERRED AMOUNTS ARE SUBJECT TO RISK OF FORFEITURE UNDER CERTAIN CONDITIONS, INCLUDING TERMINATION OF EMPLOYMENT BY THE INSTITUTE. DURING CALENDAR YEAR 2013, ONE OFFICER RECEIVED SUCH COMPENSATION. Terms and Conditions of Deferred compensation agreement for Interim President and Provost: IN CALENDAR YEAR 2013, THE CALIFORNIA INSTITUTE OF TECHNOLOGY SET ASIDE $65,000 IN AN INVESTMENT ACCOUNT AS PER A DEFERRED COMPENSATION AGREEMENT (457(F)) WITH THE INTERIM PRESIDENT & PROVOST. VESTING WILL OCCUR ON JANUARY 16, 2021, OR AT AN EARLIER DATE UNDER CERTAIN CONDITIONS DESCRIBED IN THE AGREEMENT. THE $65,000 AMOUNT IS INCLUDED IN SCHEDULE J, PART II, COLUMN C. Terms and Conditions of Deferred compensation agreement for Director of OLAR: IN CALENDAR YEAR 2006, THE CALIFORNIA INSTITUTE OF TECHNOLOGY SET ASIDE AN AMOUNT IN AN INVESTMENT ACCOUNT AS PER A DEFERRED COMPENSATION AGREEMENT (457(F)) WITH THE DIRECTOR OF OLAR. VESTING OCCURRED ON AUGUST 19, 2013. THE FULL AMOUNT, INVESTMENT AND EARNINGS IS PART OF THE TOTAL THAT APPEARS IN SCHEDULE J, PART II, COLUMN B(iii). form 990, 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 B(ii). SCOTT H. RICHLAND - CHIEF INVESTMENT OFFICER: 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 PROJ,REFUND SER 2003 false false false B CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 131078te6 2009-07-28 80696800 CONST,ACQ,IMPROVE VAR CAP PROJ false false false A 0 0 184062305 0 0 0 1340471 0 0 93471834 89250000 0 2010 false true true true B 0 0 80796565 0 0 0 992698 0 0 79803867 0 0 2010 false false true true A false true false true true 0.01500 0.00200 0.01700 false false false true B false true true true true true 0 false false false true A false false true true true true bank of NY mellon 30.3 false false true citigroup glbl trade 2. true false true B false false true true false false 0 false 0 false true A true B true COLUMN A: DIFFERENCE BETWEEN AMOUNT IN PART I, (E) AND PART II, 3 IS DUE TO INTEREST EARNED ON INVESTED PROCEEDS. PART I, LINE A(F) - THE ISSUE DATE OF THE SERIES 2003 BONDS IS 01/15/2003. PART IV, LINE 2C - THE REBATE COMPUTATION WAS PERFORMED AS OF JULY 1, 2012. COLUMN B: VARIANCE BETWEEN AMOUNTS SHOWN IN PART I, (E) AND PART II, 3 IS DUE TO INTEREST EARNED ON INVESTED PROCEEDS. PART IV, LINE 2C - THE REBATE COMPUTATION WAS PERFORMED AS OF SEPTEMBER 30, 2011. DEAN W CURRIE VP FOR BUS AND FIN RELOCATION LOAN X 350000 350000 false true true 350000 149300 SEE PART V SEE PART V ROBERT BONNER TRUSTEE 44300 FAMILY MEMBER EMPLOYED BY CIT false THOMAS F ROSENBAUM PRESIDENT/TRUSTEE 68000 FAMILY MEMBER EMPLOYED BY CIT false STEVEN ONDERDONK TRUSTEE 287600 FAMILY MEMBERS EMPLOYED BY CIT false PEDRO J PIZARRO TRUSTEE 114000 FAMILY MEMBER EMPLOYED BY CIT false EDWARD M STOLPER PRO/INT PR(UNTIL 6/30/14) 150100 FAMILY MEMBER EMPLOYED BY CIT false VICTORIA D STRATMAN GENERAL COUNSEL 70300 FAMILY MEMBER EMPLOYED BY CIT false MARY L WEBSTER SECRETARY 105700 FAMILY MEMBER EMPLOYED BY CIT false DR SHIRLEY M MALCOM TRUSTEE 61300 FAMILY MEMBER EMPLOYED BY CIT false ORBITAL SCIENCES CORPORATION SEE PART V 16967450 SEE PART V false GLENAIR INC SEE PART V 362885 SEE PART V false DOW CHEMICAL CO SEE PART V 2034735 SEE PART V false CANYON CAPITAL ADVISORS LLC SEE PART V 4499651 SEE PART V false PART III, LINE 1 FAMILY MEMBERS OF INTERESTED PERSONS RECEIVING GRADUATE FELLOWSHIPS WHILE ATTENDING CALTECH. PART IV BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS Name of Person: ORBITAL SCIENCES CORPORATION ("ORBITAL") Relationship between Interested Person and Organization: DAVID W. THOMPSON, A TRUSTEE OF THE INSTITUTE IS ALSO CO-FOUNDER, CHAIRMAN, CEO AND PRESIDENT OF ORBITAL. Amount of Transaction: AGGREGATE $16,967,450 FOR THE YEAR ENDED SEPTEMBER 30, 2014. Description of Transaction: Orbital is a U.S. based company that specializes in the manufacturing and launch of satellites and is an industry leader in small and medium class space and rocket systems. In connection with certain space missions managed by the Institute for which NASA provides funding, the Institute has procured space hardware from Orbital in the normal course of business, at arm's length and in accordance with Institute procurement policies and procedures. Mr. Thompson did not participate in and was excluded from the Institute's deliberations and decisions with respect to these procurements. 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 $362,885 FOR THE YEAR ENDED SEPTEMBER 30, 2014. 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 ARMS 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: DOW CHEMICAL CO. ("DOW") RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: ANDREW N. LIVERIS, A TRUSTEE OF THE INSTITUTE, IS CHAIRMAN AND CHIEF EXECUTIVE OFFICER OF DOW. AMOUNT OF TRANSACTION: EXPENDITURES UNDER RESEARCH GRANTS OF $2,034,735 FOR THE YEAR ENDED SEPTEMBER 30, 2014. DESCRIPTION OF TRANSACTION: DOW IS A LEADING GLOBAL CHEMICAL COMPANY. DOW PROVIDES RESEARCH GRANTS TO THE INSTITUTE THAT MEET THE IRS DEFINITION OF BUSINESS TRANSACTIONS. THE GRANT AGREEMENTS PREDATE MR. LIVERIS' TENURE AS A TRUSTEE OF THE INSTITUTE. 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, CO-CHAIRMAN AND CO-CEO OF CANYON. AMOUNT OF TRANSACTION: MANAGEMENT FEES AND EXPENSES OF $4,499,651. 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, 2014, THE INSTITUTE'S INVESTMENTS IN CANYON FUNDS INCURRED $4,499,651 IN MANAGEMENT FEES AND EXPENSES. AS OF SEPTEMBER 30, 2014 ACCRUED AND UNPAID MANAGEMENT FEES AND EXPENSES TOTALED $4,292,171. AS OF SEPTEMBER 30, 2014, CANYON HAD TOTAL ASSETS UNDER MANAGEMENT OF APPROXIMATELY $24 BILLION. X 2000 INVENTORY&PLACE MARK X 70 14057000 hi-lo avg X 1 2000 RETAIL & PLACE MARK X EQUIPMENT 2 1336000 INVENTORY&PLACE MARK false true true FORM 990, SCHEDULE M, part i, column(B) amounts In this column reflect THE number of contributors. FORM 990, SCHEDULE M, LINE 25 EQUIPMENT DONATED FOR RESEARCH AND INSTRUCTION. FORM 990, SCHEDULE M, LINE 26 MISCELLANEOUS EXPENSE: POSTAGE, TRAVEL, PRINTING, OTHER. FORM 990, SCHEDULE M, LINE 32A THE INSTITUTE MAY UTILIZE THIRD PARTY BROKERS TO SELL SECURITIES AND REAL ESTATE. FORM 990, PARTS I AND III, LINE 1 The mission of the California Institute of Technology ("The Institute" or "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 $30,586,000) (REVENUE $27,562,000) 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 $45,000) 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 Robert B. Chess and William H. Davidow - Business Relationship Trustees Thomas E. Everhart and Peter Norton - Business Relationship TRUSTEES JOSHUA S. FRIEDMAN AND B. KIPLING HAGOPIAN - BUSINESS RELATIONSHIP Trustees James F. Rothenberg and Richmond A. Wolf - Business Relationship TRUSTEES DONALD W. TANG AND DAVID LI LEE - BUSINESS RELATIONSHIP FORM 990, PART VI, LINE 11a The Institute prepares 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 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. Key employees 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. 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 X, LINE 15 OTHER ASSETS, WHICH CONSIST PRIMARILY OF REAL ESTATE INVESTMENTS, WERE RECLASSIFIED FROM PART X, LINE 15, "OTHER ASSETS" TO PART X, LINE 12, "INVESTMENTS-OTHER SECURITIES" FOR THE YEAR ENDED SEPTEMBER 30, 2014. Form 990, Part XI, Line 9 Other Changes in Net Assets or Fund Balances Changes in Postemployment Benefit Obligations $40,627,000 LOSS ON DISPOSAL OF PROPERTY ($3,470,000) CHANGES IN FAIR VALUE OF INTEREST RATE SWAP ($7,792,000) TOTAL $29,365,000 CIT MICROPROBE HOLDINGS LLC 1200 E CALIFORNIA BLVD PASADENA CA 91125 205217981 HOLDING CO. NV 139000 1518000 CIT WILSON AVENUE INVESTMENTS LLC 515 SOUTH FIGUEROA ST 9TH FLOOR LOS ANGELES CA 90017 461712999 HOLDING CO. DE 0 1500000 CIT CALTECH Y 1201 E CALIFORNIA BLVD PASADENA CA 91125 951684790 recreation CA 501(C)(3) 11,3,fi NA false ALUMNI ASSOCIATION OF CALTECH 345 S HILL AVE PASADENA CA 91125 956047395 alumni CA 501(C)(3) 11,type 1 NA false TOM AND VALLEY KNUDSEN FDN C/O CALTECH GIFT PLANNING PASADENA CA 91125 956031188 support org CA 501(C)(3) 11,type 1 NA false CRAT (6) CHARITABLE TR CA CALTECH TRUST false CRUT (121) CHARITABLE TR CA CALTECH TRUST false false true true false false false false false false true false false false true true false false false false