2015-11-16T13:48:05-06:00 2014-12-31 910189318 MOSS ADAMS LLP 4747 EXECUTIVE DRIVE SUITE 1300 SAN DIEGO CA 92121 990 2014-01-01 237203666 THE J DAVID GLADSTONE INSTITUTES JDAV 4157342000 1650 OWENS STREET SAN FRANCISCO CA 94158 VINCENT MOSELEY CFO AND VP, FINANCE 4157342000 2015-11-13 1 PATRICIA J MAYER P00188643 8586271400 2014 2016-04-25 22:37:26Z VINCENT MOSELEY 1650 OWENS STREET SAN FRANCISCO CA 94158 99774949 0 X WWW.GLADSTONEINSTITUTES.ORG X 1972 CA TO USE VISIONARY SCIENCE AND TECHNOLOGY TO OVERCOME MAJOR UNSOLVED DISEASES. 3 0 508 85 -220452 -220452 2914056 11855653 55917786 54795933 20941960 19787015 391084 -121152 80164886 86317449 0 0 0 0 40654911 40910459 0 0 1310893 38188068 40682703 78842979 81593162 1321907 4724287 292117051 287366861 137176462 132917509 154940589 154449352 X TO UNRAVEL THE BASICS OF BIOLOGY IN ORDER TO BETTER UNDERSTAND, PREVENT,TREAT AND CURE CARDIOVASCULAR, VIRAL AND NEUROLOGICAL CONDITIONS SUCH AS HEART FAILURE, HIV/AIDS AND ALZHEIMER'S DISEASE. 0 0 16291494 13104151 THE INSTITUTE OF VIROLOGY AND IMMUNOLOGY FOCUSES ITS RESEARCH ON THE HUMAN IMMUNODEFICIENCY VIRUS (HIV) AND THE ACQUIRED IMMUNE DEFICIENCY SYNDROME (AIDS), AND OTHER VIRAL DISEASES. 26220532 20061360 THE GLADSTONE INSTITUTE OF CARDIOVASCULAR DISEASE IS DEDICATED TO REDUCING THE SUFFERING AND LOSS OF LIFE CAUSED BY A HOST OF CARDIOVASCULAR DISEASES AND CONDITIONS INCLUDING HIGH BLOOD PRESSURE, CORONARY HEART DISEASE, CONGESTIVE HEART FAILURE, STROKE AND CONGENITAL HEART DEFECTS. 23107669 19216892 THE INSTITUTE OF NEUROLOGICAL DISEASE FOCUSES ITS RESEARCH ON THE PATHOGENESIS OF ALZHEIMER'S AND OTHER MAJOR NEURODEGENERATIVE DISEASES. 3426322 2413530 THE GLADSTONE CENTER FOR TRANSLATIONAL RESEARCH TAKES BASIC RESEARCH DISCOVERED IN GLADSTONE'S INSTITUTE OF CARDIOVASCULAR DISEASE, INSTITUTE OF VIROLOGY AND IMMUNOLOGY AND INSTITUTE OF NEUROLOGICAL DISEASE AND TRANSITIONS THEM INTO NEW PATIENT THERAPIES. 3426322 2413530 69046017 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 129 0 1 508 1 1 1 1 BD CJ NL 0 0 0 0 0 0 0 0 X 3 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X VINCENT MOSELEY 4157342000 1650 OWENS STREET SAN FRANCISCO CA 94158 ALBERT A DORMAN TRUSTEE 25.00 X 475000 0 0 RICHARD D JONES TRUSTEE 25.00 X 475000 0 0 ANDREW S GARB TRUSTEE 25.00 X 475000 0 0 ROBERT S WILLIAMS PRESIDENT 40.00 X 727580 0 106424 JOHN WHITING VP, CAO, CFO 40.00 X 345029 0 44989 DEEPAK SRIVASTAVA DIRECTOR 40.00 X 553925 0 57739 WARNER GREENE DIRECTOR 40.00 X 407519 0 52581 LENNART MUCKE DIRECTOR 40.00 X 448084 0 45456 ERIC VERDIN SENIOR INVESTIGATOR 40.00 X 376268 0 57618 ROBERT MAHLEY PRESIDENT EMERITUS 40.00 X 404135 0 52581 STEPHEN FREEDMAN VP FOR CORP LIAISON & VENT 40.00 X 357081 0 39797 STEPHEN FINKBEINER SR. INVESTIGATOR 40.00 X 325789 0 57681 ANN L CAROLLO VP OF PHILANTHROPY AND PUBLIC RELATIONS 40.00 X 305952 0 7168 5676362 0 522034 58 0 1 0 BOZICEVIC FIELD AND FRANCIS 1900 UNIVERSITY AVE SUITE 200 EAST PALO ALTO CA 94303 LEGAL SERVICES 276349 PROFECTUS PHARMA CONSULTING 1176 CLARK WAY SAN JOSE CA 95125 CONSULTING SERVICES 248075 BARNEY & BARNEY LLC PO BOX 87610 SAN DIEGO CA 921387610 INSURANCE SERVICES 220538 MOSS - ADAMS LLP 4747 EXECUTIVE DRIVE 1300 SAN DIEGO CA 92121 ACCOUNTING SERVICES 189465 ISIS SERVICES PO BOX 20466 TAMPA FL 33622 LAB TESTING SERVICES 135119 6 11855653 495345 11855653 GOVERNMENT CONTRACTS 900099 33709176 33709176 OTHER GRANT INCOME 900099 19092872 19092872 MISCELLANEOUS LABORATORY INCOME 900099 1096567 1096567 INTELLECTUAL PROPERTY INCOME 900099 897318 897318 54795933 3779912 3779912 1699173 1842453 -143280 -143280 -143280 20223933 7398217 11615047 0 8608886 7398217 16007103 16007103 OTHER REVENUE 900099 242580 242580 COMMONFUND SCHEDULES K-1 PASSTHRO 900099 -220452 -220452 22128 86317449 54795933 -220452 19886315 X 4214326 3485426 728900 27095152 20865623 5411856 817673 2760000 2265819 494181 4834965 3658827 937719 238419 2006016 1646837 359179 931278 769053 162225 156050 11000 145050 266229 266229 8674168 8211143 270705 192320 8057605 8050015 1934 5656 663873 662992 881 125000 125000 2602051 2300443 301308 300 1202518 1148610 32618 21290 5732387 5020415 711972 6474988 5632905 842083 973819 775225 198594 ANIMALS 3491062 3491062 TELEPHONE & COMMUNICATI 234380 220357 1955 12068 POSTAGE & DELIVERY 158314 152800 1655 3859 PRINTING & PUBLICATION 155459 149782 5677 783522 402683 368089 12750 81593162 69046017 11236252 1310893 3493911 7776091 1297488 11758620 15902881 15578494 2977569 1014160 2437500 2080000 26395781 24096691 3446058 468907 160959506 55916834 108432479 105042672 56510066 49423842 65706719 62608214 1405323 1338410 4111276 6180760 292117051 287366861 3331122 4521444 10147493 7182173 115210000 112520000 8487847 8693892 137176462 132917509 X 137487304 133427018 12453285 16022334 5000000 5000000 154940589 154449352 292117051 287366861 X 4724287 -5435976 220452 X 0 1 X 1 1 1 X SAN FRANCISCO GENERAL HOSPITAL SAN FRANCISCO CA RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17453285 10956337 7387288 21022334 19929812 2203938 4680465 17453285 13898717 10148795 4117700 19929812 12043203 4829571 2974057 13898717 7395422 7177855 319568 2849642 12043203 0.24000 0.76000 0 0 13546625 13546625 56205877 12687431 43518446 51465697 17709363 33756334 37333223 24316211 13017012 2408084 1203829 1204255 105042672 OTHER REAL ESTATE INVESTMENTS 853717 F OZ OVERSEAS FUND 52528 F PASSPORT OFFSHORE LTD 4621 F SANSAR CAPITAL 30452 F TACONIC OPPORTUNITY CI A 3120268 F FIR TREE INTL VALUE 4672179 F GLENVIEW CAPITAL PARTNERS 3869925 F SANKATY CR OPPORTUNITIES FUND LP 139921 F SANKATY CR OPPORTUNITIES FUND III 1386791 F MASON CAPITAL LTD 4384943 F HBK INVESTMENTS 3582842 F DAVIDSON KEMPNER 3197878 F VIKING GLOBAL INVESTORS 6686108 F OWL CREEK OVERSEAS FUND 338396 F ARCHIPELAGO HLDGS LTD (WELLINGTON) 2233678 F MILLENIUM INTERNATIONAL LTD 7621642 F COMMONFUND CEP V 991065 F LONE STAR FUND VI, LP 1278923 F COMMONFUND CEP VI 830102 F VENTURE LENDING AND LEASING III 89748 F VISIUM GLOBAL OFFSHORE 2979827 F PRIME FINANCE PARTNERS III 1670000 F PRIMEXX ENERGY OPPORTUNITY FUND, LP 9962428 F KKR INCOME & GROWTH FUND 459741 F HOPLITE OFFSHORE FUND 2170491 F 62608214 457(B) TIAA-CREF PLAN LIABILITY 1163536 ACCRUED PAYROLL LIABILITY 2636344 BOND INTEREST PAYABLE 1413364 BOND PREMIUM - MISSION BAY 89686 FLEXIBLE BENEFITS PAYABLE 121521 HEALTH CLAIMS RESERVE 160000 PENSION PAYABLE 2834643 POST-DOC PENSION PLAN PAYABLE 112805 KAISER 100000 OTHER REFUND CLEARING 21439 OTHER TENANT DEPOSIT PAYABLE 40554 8693892 X 111929923 -5435976 30828511 25392535 86537388 -219940 -219940 86317448 88729123 7135961 7135961 81593162 0 81593162 PART V, LINE 4: THE TEMPORARILY RESTRICTED ENDOWMENT FUNDS HAVE BEEN RESTRICTED TO FUND SPECIFIC SCIENTIFIC RESEARCH PROJECTS. RESEARCH WILL BE PERFORMED ON THESE PROJECTS OVER THE NEXT FEW YEARS. PERMANENTLY RESTRICTED FUND EARNINGS WILL BE SPENT ON SCIENTIFIC RESEARCH AND ADMINISTRATION. PART X, LINE 2: THE INSTITUTES HAS BEEN GRANTED EXEMPTION FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE. THE INSTITUTES IS SUBJECT TO UNRELATED BUSINESS INCOME TAX ON CERTAIN RENTAL TRANSACTIONS AND INCOME FROM ALTERNATIVE INVESTMENTS. FOR THE YEARS ENDED DECEMBER 31, 2014 AND 2013, THE INSTITUTES HAD APPROXIMATELY $2,176,000 AND $2,175,000 OF CUMULATIVE TAXABLE LOSSES, RESPECTIVELY. SINCE MANAGEMENT BELIEVES IT IS UNLIKELY THERE WILL BE FUTURE INCOME TO OFFSET THESE LOSSES, A VALUATION ALLOWANCE HAS BEEN REFLECTED AGAINST THE FULL BALANCE. THE INSTITUTES FILES AN EXEMPT ORGANIZATION RETURN AND APPLICABLE UNRELATED BUSINESS INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND WITH THE FRANCHISE TAX BOARD IN THE STATE OF CALIFORNIA. THE INSTITUTES IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY TAXING AUTHORITIES FOR YEARS BEFORE 2011 FOR ITS FEDERAL FILINGS AND FOR YEARS BEFORE 2010 FOR ITS STATE FILINGS. THE INSTITUTES HAD NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2014 AND 2013. PART XI, LINE 2D - OTHER ADJUSTMENTS: CONSOLIDATING ADJUSTMENT 28,986,058. RENTAL EXPENSE RECLASS 1,842,453. PART XI, LINE 4B - OTHER ADJUSTMENTS: UBIT ALLOCATION FROM K-1'S -220,452. BOND INTEREST EXPENSE RELATED TO BOND RESERVE 512. PART XII, LINE 2D - OTHER ADJUSTMENTS: CONSOLIDATING ADJUSTMENT 5,294,020. RENTAL EXPENSE RECLASS 1,842,453. BOND INTEREST EXPENSE RELATED TO BOND RESERVE -512. CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 45594498 EUROPE (INCLUDING ICELAND & GREENLAND) INVESTMENTS 20187 0 0 0 0 0 0 45614685 0 45614685 0 0 0 0 0 0 PART I, LINE 3: METHOD OF ACCOUNTING IS ACCRUAL BASIS SCHEDULE F, PART I: CENTRAL AMERICA AND THE CARIBBEAN INVESTMENT BOOK VALUE END-OF-YEAR $44,941,159 INVESTMENT EXPENSE $653,339 TOTAL EXPENDITURE FOR AND INVESTMENTS IN REGION $45,594,498 EUROPE (INCLUDING ICELAND AND GREENLAND) INVESTMENT BOOK VALUE END-OF-YEAR $4,621 INVESTMENT EXPENSE $15,566 TOTAL EXPENDITURE FOR AND INVESTMENTS IN REGION $20,187 X X 1 1 X X X X 0 0 0 0 0 0 0 1 0 ALBERT A DORMAN TRUSTEE 475000 0 0 0 0 0 0 0 0 0 475000 0 0 0 RICHARD D JONES TRUSTEE 475000 0 0 0 0 0 0 0 0 0 475000 0 0 0 ANDREW S GARB TRUSTEE 475000 0 0 0 0 0 0 0 0 0 475000 0 0 0 ROBERT S WILLIAMS PRESIDENT 727580 0 0 0 0 0 38250 0 68174 0 834004 0 0 0 JOHN WHITING VP, CAO, CFO 345029 0 0 0 0 0 25500 0 19489 0 390018 0 0 0 DEEPAK SRIVASTAVA DIRECTOR 431807 0 30000 0 92118 0 38250 0 19489 0 611664 0 0 0 WARNER GREENE DIRECTOR 407519 0 0 0 0 0 38250 0 14331 0 460100 0 0 0 LENNART MUCKE DIRECTOR 448084 0 0 0 0 0 38250 0 7206 0 493540 0 0 0 ERIC VERDIN SENIOR INVESTIGATOR 245884 0 35000 0 95384 0 38250 0 19368 0 433886 0 0 0 ROBERT MAHLEY PRESIDENT EMERITUS 404135 0 0 0 0 0 38250 0 14331 0 456716 0 0 0 STEPHEN FREEDMAN VP FOR CORP LIAISON & VENT 349513 0 7568 0 0 0 25500 0 14297 0 396878 0 0 0 STEPHEN FINKBEINER SR. INVESTIGATOR 285789 0 40000 0 0 0 38250 0 19431 0 383470 0 0 0 ANN L CAROLLO VP OF PHILANTHROPY AND PUBLIC RELATI 305952 0 0 0 0 0 0 0 7168 0 313120 0 0 0 PART I, LINE 1A FIRST CLASS TRAVEL- THE INSTITUTE HAS A POLICY FOR LONGER FLIGHTS AND ALLOWS UPGRADES FOR EMPLOYEES, WHICH MAY INCLUDE FIRST CLASS TRAVEL. TAX INDEMNIFICATION & GROSS UP PAYMENTS- PRINCIPAL REDUCTION RELATING TO RELOCATION LOANS PROVIDED TO DEEPAK SRIVASTAVA AND ERIC VERDIN ARE GROSSED UP AND INCLUDED AS TAXABLE COMPENSATION. PART I, LINE 7 NONDISCRETIONARY BONUS PAYMENTS WERE PAID BASED ON PERSONS MEETING GOALS SET BY AND APPROVED BY TRUSTEES. A CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK 630304653 13034AAK6 2011-11-16 105414814 REFUNDING BONDS 0 0 0 A 105414814 1379008 99035806 5000000 2004 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 DEEPAK SRIVASTAVA KEY EMPLOYEE HOUSING X 790000 430000 0 1 1 ROBERT S WILLIAMS PRESIDENT HOUSING X 2000000 1350000 0 1 1 ERIC VERDIN HIGHLY COMPENSATED EMPLOYEE HOUSING X 500000 300000 0 1 1 2080000 X 1 495345 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 7B THE SUPERIOR COURT OF CALIFORNIA'S APPROVAL IS REQUIRED FOR THE ELECTION AND REMOVAL OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 AND ITS RELATED SCHEDULES WERE GIVEN TO THE TRUSTEES FOR REVIEW AND APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE J. DAVID GLADSTONE INSTITUTES REQUIRES THAT EACH OFFICER, DIRECTOR, TRUSTEE AND KEY EMPLOYEE COMPLETE A CONFLICT OF INTEREST REPORT AND REPORT ANY CONFLICT HE/SHE MAY HAVE. ANY CONFLICTS THAT ARISE DURING THE YEAR ARE REQUIRED TO BE REPORTED TO THE EXECUTIVE DIRECTOR AND THE TRUSTEES IMMEDIATELY. IN THE EVENT THAT A CONFLICT DOES ARISE THAT INDIVIDUAL IS PROHIBITED FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS IN THAT TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE ATTORNEY GENERAL FOR THE STATE OF CALIFORNIA IS ADVISED OF TRUSTEE COMPENSATION AND THE STATE OF CALIFORNIA SUPERIOR COURT REVIEWS AND APPROVES THE COMPENSATION. AN EXECUTIVE COMPENSATION REPORT IS COMPLETED EACH YEAR BY AN INDEPENDENT CONSULTING FIRM FROM SALARY SURVEYS, NON-PROFIT FORM 990'S AND OTHER SOURCES ON ORGANIZATIONS THAT ARE COMPARABLE IN SIZE AND COMPLEXITY TO THE INSTITUTES. THE 2014 REPORT WAS COMPLETED 1/14/15. THE PRESIDENT AND DIRECTORS' COMPENSATION IS APPROVED BY THE UNIVERSITY OF CALIFORNIA, SAN FRANCISCO VICE DEAN EACH YEAR. 2014 SALARIES WERE APPROVED ON 2/16/14. THE INSTITUTES' PRESIDENT AND EXECUTIVE DIRECTOR UTILIZE SIMILAR RESOURCES AS GUIDELINES WHEN APPROVING COMPENSATION FOR THE INSTITUTES' KEY EMPLOYEES, OTHER OFFICERS AND DIRECT REPORTS. COMPENSATION WAS LAST APPROVED ON JANUARY 14, 2014. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND ORGANIZATIONAL DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTANT SERVICES AND EXPENSES: PROGRAM SERVICE EXPENSES 933,162. MANAGEMENT AND GENERAL EXPENSES 270,705. FUNDRAISING EXPENSES 192,320. TOTAL EXPENSES 1,396,187. BANKING FEES: PROGRAM SERVICE EXPENSES 5,533. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,533. HONORARIA: PROGRAM SERVICE EXPENSES 50,850. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 50,850. TEMP AGENCY LABOR: PROGRAM SERVICE EXPENSES 168,121. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 168,121. OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 1,110,920. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,110,920. SERVICE CONTRACTS: PROGRAM SERVICE EXPENSES 1,165,216. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,165,216. : PROGRAM SERVICE EXPENSES 4,777,341. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,777,341. FORM 990, PART XI, LINE 9: K-1 UBIT INCOME ALLOCATION 220,452. 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