2014-08-11T12:13:33-05:00 2013-09-30 PricewaterhouseCoopers LLP 125 High Street Boston MA 02110 990 2012-10-01 951643307 California Institute of Technology % MATTHEW W BREWER CALI 6263956744 1200 E California Blvd Suite 117-15 Pasadena CA 91125 MATTHEW W BREWER 6263956744 2014-08-11 true PRICEWATERHOUSECOOPERS LLP 6175305000 2012 2015-11-30 17:44:51Z DR THOMAS F ROSENBAUM 1200 E CALIFORNIA BLVD pasadena CA 91125 2823917000 false X www.caltech.edu X 1891 CA SEE SCHEDULE O 60 50 10262 514 14868000 415694000 371146000 1720747000 1590743000 93092000 114094000 21235000 40840000 2250768000 2116823000 73520000 76614000 0 0 1165658000 1167739000 0 0 12380000 1005864000 862519000 2245042000 2106872000 5726000 9951000 4115199000 4131634000 1934760000 1769070000 2180439000 2362564000 X SEE SCHEDULE O false false 336056000 76495000 153814000 INSTRUCTION AND ACADEMIC SUPPORT AT THE CAMPUS. 258327000 0 23741000 ORGANIZED RESEARCH AT THE CAMPUS. 1399531000 0 1399531000 Sponsored research at the Jet 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NARENDRA K GUPTA 1.0 X B KIPLING HAGOPIAN 1.0 X 0 0 0 Frederick J Hameetman 1.0 X Shirley M Hufstedler 1.0 X MARIA D HUMMER-TUTTLE 1.0 X Bobby R Inman 1.0 X Robert T Jenkins 1.0 X Peter D Kaufman 1.0 X Louise Kirkbride 1.0 X WALTER G KORTSCHAK 1.0 X Kent Kresa 1.0 X Jon B Kutler 1.0 X Louis J Lavigne Jr 1.0 X David L Lee 1.0 X York Liao 1.0 X Alexander Lidow 1.0 X Ronald K Linde 1.0 X A Michael Lipper 1.0 X ANDREW N LIVERIS 1.0 X Shirley M Malcom 1.0 X Deborah D McWhinney 1.0 X Richard N Merkin 1.0 X Philip M Neches 1.0 X Patrick H Nettles Jr 1.0 X Peter Norton 1.0 X Ronald L Olson 1.0 X Stephen R Onderdonk 1.0 X Pedro J Pizarro 1.0 X Stewart A Resnick 1.0 X Nelson C Rising 1.0 X Stephen A Ross 1.0 X James F Rothenberg 1.0 X Marc I Stern 1.0 X Donald W Tang 1.0 X KEVIN M TAWEEL 1.0 X DAVID W THOMPSON 1.0 X Charles R Trimble 1.0 X Lewis W van Amerongen 1.0 X Walter L Weisman 1.0 X Gayle E Wilson 1.0 X RICHMOND A WOLF 1.0 X Suzanne H Woolsey 1.0 X JEAN-LOU A CHAMEAU 40.0 X X 890184 104165 EDWARD M STOLPER 40.0 X X 519024 50082 MATTHEW W BREWER 40.0 X 210934 38621 DEAN CURRIE 40.0 X 529065 60930 CHARLES ELACHI 40.0 X 706770 52423 MADELINE WAY LEE 32.0 X 136455 35756 JENNIFER THERESA LUM 40.0 X 217145 62945 SHARON E PATTERSON 40.0 X 316539 39395 SCOTT H RICHLAND 40.0 X 464633 296348 ANNEILA I SARGENT 40.0 X 312485 60352 VICTORIA D STRATMAN 40.0 X 381405 59108 MARY L WEBSTER 40.0 X 219060 45757 BRIAN K LEE 40.0 X 641014 40881 EUGENE L TATTINI 40.0 X 477840 41679 JAKOB VAN ZYL 40.0 X 330580 48367 PETER B DERVAN 40.0 X 363731 64646 Firouz M Naderi 40.0 X 354476 48785 DAVID BALTIMORE 40.0 X 390300 62832 EDWARD STONE 40.0 X 398893 57676 COLIN CAMERER 40.0 X 353842 35687 8214375 0 1306435 3816 false true false ITT CORPORATION 5009 CENTENNIAL BLVD COLORADO SPRINGS CO 809192401 OPERATING DSN 55023073 LOCKHEED MARTIN CORP 12257 S WADSWORTH LITTLETON CO 80125 AEROSPACE 26053904 ADAPTIVE OPTICS ASSOCIATES INC TEN WILSON ROAD CAMBRIDGE MA 02138 AEROSPACE 22339465 NORTHROP GRUMMAN SYSTEMS CORPORATIO 1 SPACE PARK DRIVE REDONDO BEACH CA 902781001 AEROSPACE 33694556 LOCKHEED MARTIN INTEGRATED SYSTEMS 7375 executive place SEABROOK MD 207062278 INSTITUTIONAL COMP. 33614256 869 273653000 97493000 4807000 371146000 JPL AND OTHER AWARDS 900099 1468158000 1468158000 STUDENT TUITION 611600 86491000 86491000 USE OF FACILITIES 900099 22437000 22437000 AUXILIARY ENTERPRISES 900099 13657000 9566000 4091000 1590743000 38038000 10762000 27276000 0 26408000 26408000 610000 4000 606000 0 606000 606000 778349000 635000 702728000 200000 75621000 435000 76056000 76056000 0 0 17973000 4162000 13811000 13811000 ADVERTISING AND FILMING 900099 15000 15000 15000 2116823000 118494000 14868000 1612315000 7619000 7619000 68731000 68731000 264000 264000 0 0 7154000 2822000 3701000 631000 5396000 4184000 840000 372000 885605000 858406000 21783000 5416000 87619000 84891000 2264000 464000 125468000 110522000 14197000 749000 56497000 53803000 2289000 405000 0 0 12871000 6753000 6118000 979000 0 979000 490000 0 490000 0 5753000 0 5753000 19414000 14083000 4301000 1030000 371000 197000 147000 27000 281534000 276867000 2679000 1988000 4079000 2460000 1618000 1000 1729000 1696000 33000 51969000 48992000 2582000 395000 31106000 30113000 638000 355000 0 0 7070000 6580000 444000 46000 25854000 25381000 404000 69000 0 0 67407000 64452000 2523000 432000 6454000 4556000 1898000 CONTRACT SERVICES 490222000 490222000 JPL POST EMPLYMNT OBLIGATION -144783000 -144783000 2106872000 2018811000 75681000 12380000 X 0 0 145422000 206111000 83602000 77898000 221076000 216290000 350000 350000 0 0 559052 507108 0 0 674039000 559031000 1627494000 753206000 873768000 874288000 884598000 979434000 1200908000 1187108000 0 0 0 0 30876948 30616892 4115199000 4131634000 452452000 408913000 0 0 30328000 34605000 275621000 275598000 79505000 83550000 0 0 0 0 433950000 451372000 662904000 515032000 1934760000 1769070000 X 589949000 665085000 686637000 725844000 903853000 971635000 2180439000 2362564000 4115199000 4131634000 X 9951000 132648000 39526000 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false true 490000 true 150000 false true 640000 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 INSTITUTE 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 ORGANIZATIONS THAT HAVE REGISTERED TO LOBBY ON BEHALF OF MEMBERSHIP. ALTHOUGH A SMALL PORTION OF THE INSTITUTE'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 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 1659458000 75041000 -125638000 19010000 82832000 1507019000 0.30020 0.68520 0.01460 false false 40817000 40817000 987256000 363693000 623563000 539015000 389513000 149502000 60406000 60406000 874288000 ALTERNATIVE SECURITIES 651642000 F PRIVATE EQUITY 196644000 F REAL ASSETS 338822000 F 1187108000 0 ACCUMULATED POST RET. BENEFIT 515032000 515032000 X 2196604000 132648000 -57029000 75619000 2120985000 -4162000 -4162000 2116823000 2054005000 8558000 8558000 2045447000 5753000 55672000 61425000 2106872000 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 UNDER THE PROVISIONS OF INTERNAL REVENUE CODE ("IRC") SECTION 501(C)(3). THE INSTITUTE IS ALSO GENERALLY EXEMPT FROM PAYMENT OF CALIFORNIA STATE INCOME, GIFT, ESTATE, AND INHERITANCE TAXES. THE INSTITUTE HAS NO REPORTING REQUIREMENTS FOR UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED SEPTEMBER 30, 2013 AND 2012. FORM 990, SCHEDULE D, PART XI, LINE 2D RECLASSify FINANCIAL AID NETTED WITH TUITION ($51,276,000) INVESTMENT EXPENSE ($5,753,000) TOTAL ($57,029,000) FORM 990, SCHEDULE D, PART XI, LINE 4B COST OF GOODS SOLD ($8,558,000) RECLASSification OF INTERNAL SALES $4,396,000 Total ($4,162,000) FORM 990, SCHEDULE D, PART XII, LINE 2D COST OF GOODS SOLD $8,558,000 FORM 990, SCHEDULE D, PART XII, LINE 4B RECLASSification of INTERNAL SALES $4,396,000 FINANCIAL AID EXPENSE $51,276,000 Total $55,672,000 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. Antarctica Program Services SCIENTIFIC RESEARCH 12591 Central America and the Caribbean Investments 524516951 Central America and the Caribbean Program Services SCIENTIFIC RESEARCH 99931 East Asia and the Pacific Investments 3086852 East Asia and the Pacific Program Services SCI. RESEARCH & EDU 3086148 Europe (Including Iceland and Greenland) Investments 106544556 Europe (Including Iceland and Greenland) 2 19 Program Services SCI. RESEARCH & EDU 17107884 Middle East and North Africa Investments 543526 Middle East and North Africa Program Services SCIENTIFIC RESEARCH 222833 North America Investments 8389018 North America Program Services SCIENTIFIC RESEARCH 2470392 Russia and the Newly Independent States Investments 4263645 Russia and the Newly Independent States Program Services SCIENTIFIC RESEARCH 56985 South America Investments 42141916 South America Program Services SCIENTIFIC RESEARCH 633224 South Asia Program Services SCIENTIFIC RESEARCH 642039 Sub-Saharan Africa Investments 1720344 Sub-Saharan Africa Program Services SCIENTIFIC RESEARCH 39753 2 19 2 19 715538835 39753 715578588 STUDY ABROAD East Asia and the Pacific 1 20000 WIRE TRANS STUDY ABROAD Europe (Including Iceland and Greenland) 27 244000 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). 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) 7500000 Scientific Collab. UNITED WAY GREATER LOS ANGELES 1150 S OLIVE ST SUITE T500 LOS ANGELES CA 90015 952274801 501(C)(3) 44000 DESIGNATED ASSISTANCE 3 STUDENT AID 1649 68731000 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 THE GRANTEE'S 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 X true true X X X false true false false false false false true true true JEAN-LOU A CHAMEAU 872284 0 17900 38724 65441 994349 0 MATTHEW W BREWER 202694 7896 344 22074 16547 249555 0 DEAN CURRIE 523232 0 5833 38724 22206 589995 0 PETER B DERVAN 313109 50000 622 38724 25922 428377 0 CHARLES ELACHI 482512 206400 17858 38724 13699 759193 0 MADELINE WAY LEE 136455 0 0 14023 21733 172211 0 JENNIFER THERESA LUM 216690 0 455 27242 35703 280090 0 SHARON E PATTERSON 298744 0 17795 28724 10671 355934 0 SCOTT H RICHLAND 368846 71923 23864 268724 27624 760981 71923 ANNEILA I SARGENT 311931 0 554 38724 21628 372837 0 EDWARD M STOLPER 501162 0 17862 38724 11358 569106 0 VICTORIA D STRATMAN 360114 0 21291 38724 20384 440513 0 MARY L WEBSTER 203038 0 16022 33684 12073 264817 0 Firouz M Naderi 328879 8000 17597 38724 10061 403261 0 EUGENE L TATTINI 381723 78936 17181 38724 2955 519519 0 DAVID BALTIMORE 350184 0 40116 38724 24108 453132 0 BRIAN K LEE 353813 200000 87201 27377 13504 681895 0 JAKOB VAN ZYL 310080 4000 16500 37058 11309 378947 0 EDWARD STONE 305082 0 93811 38724 18952 456569 0 COLIN CAMERER 336842 0 17000 28724 6963 389529 0 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 fiscal year 2013, five officers, one key employee, and one highest compensated employee received first class or charter travel benefits. Travel for business purposes is not included in taxable wages. Companion Travel: Pursuant to the individual's employment agreement and a written policy, spouses of certain senior officers are permitted to travel with the officer for business purposes. During fiscal year 2013, one officer received companion first class or charter travel benefits. Spousal travel for business purposes is not included in taxable wages. Tax idemnification and gross up payments: During fiscal year 2013, one officer and one highest compensated employee received tax idemnification and gross up payments. Housing Allowance: Housing allowances are provided to certain officers and highest compensated employees as part of the Institute's Salary Supplement Housing Program, which is governed by a written policy. During fiscal year 2013, two officers 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 $46,279 as an estimate of the value of the personal space occupied in that residence. 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 FISCAL YEAR 2013, ONE OFFICER RECEIVED RENTAL ALLOWANCE BENEFITS THAT WERE GROSSED-UP FOR APPLICABLE TAXES AND INCLUDED IN TAXABLE WAGES. 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 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. THE DEFERRED AMOUNTS ARE SUBJECT TO RISK OF FORFEITURE IF THE INDIVIDUAL IS NOT EMPLOYED BY THE INSTITUTE AS OF THE DATE ESTABLISHED FOR PAYMENT. During fiscal year 2013, one officer received such compensation. FORM 990, SCHEDULE J, PART I, LINES 8 AND 9 Brian K. Lee Vice President For Development and Institute Relations Mr. Lees Employment Contract Describes His Initial Compensation and Benefits. 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 (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 130178TE6 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 0.01400 0.00400 0.01800 false false false true B false true true true true true 0 false false false true A false false true true true true THE BANK OF NEW YORK 30.3 false false true CITIGROUP GLOBAL TRA 2. true false true B false false true true false false 0 false 0 false true A true B true COLUMN A: 0 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: 0 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 112155 SEE PART V SEE PART V ROBERT BONNER TRUSTEE 31697 FAMILY MEMBER EMPLOYED BY CIT false JEAN-LOU A CHAMEAU PRESIDENT (UNTIL 6/30/13) 90666 FAMILY MEMBER EMPLOYED BY CIT false PETER DERVAN FMR VP DEV AND INST REL 397835 FAMILY MEMBER EMPLOYED BY CIT false STEVEN ONDERDONK TRUSTEE 213149 FAMILY MEMBERS EMPLOYED BY CIT false PEDRO J PIZARRO TRUSTEE 111992 FAMILY MEMBER EMPLOYED BY CIT false EDWARD M STOLPER PRO/INT PRES(SINCE7/1/13) 143857 FAMILY MEMBER EMPLOYED BY CIT false VICTORIA D STRATMAN GENERAL COUNSEL 65959 FAMILY MEMBER EMPLOYED BY CIT false MARY L WEBSTER SECRETARY 91006 FAMILY MEMBER EMPLOYED BY CIT false DR SHIRLEY M MALCOM TRUSTEE 31089 FAMILY MEMBER EMPLOYED BY CIT false ORBITAL SCIENCES CORPORATION SEE PART V 16789518 SEE PART V false GLENAIR INC SEE PART V 315184 SEE PART V false DOW CHEMICAL CO SEE PART V 2919134 SEE PART V false CANYON CAPITAL ADVISORS LLC SEE PART V 4187758 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 $16,789,518 FOR THE YEAR ENDED SEPTEMBER 30, 2013. 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 $315,184 FOR THE YEAR ENDED SEPTEMBER 30, 2013. 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 $2,919,134 FOR THE YEAR ENDED SEPTEMBER 30, 2013. 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 $4,187,758. DESCRIPTION OF TRANSACTION: THE INSTITUTE IS AN INVESTOR IN A FUND MANAGED BY CANYON. THE INVESTMENT WAS MADE DURING THE INSTITUTE'S FISCAL 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. THE TOTAL OF FEES AND EXPENSES PAID TO CANYON FROM THE INSTITUTE'S INVESTMENT IN THE CANYON STRUCTURED ASSETS FUND BETWEEN 10/1/2012 AND 9/30/2013 WAS $895,893. AS OF SEPTEMBER 30, 2013, A FURTHER $3,291,865 IN FEES AND EXPENSES WAS ACCRUED BY CANYON BUT UNPAID. AS OF SEPTEMBER 30, 2013, CANYON HAD TOTAL ASSETS UNDER MANAGEMENT OF APPROXIMATELY $24 BILLION. X 75000 INVENTORY&PLACE MARK X 57 3087000 hi-lo avg X 2 1285000 APPRAISAL X 5 5000 RETAIL & PLACE MARK X EQUIPMENT 5 354000 INVENTORY&PLACE MARK X MISCELLANEOUS 2 1000 RETAIL&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 $24,897,000) (REVENUE $13,657,000) 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 $44,000) 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 Dr. William H. Davidow - Business Relationship Trustees Dr. Thomas E. Everhart and Peter Norton - Business Relationship TRUSTEES JOSHUA S. FRIEDMAN AND B. KIPLING HAGOPIAN - BUSINESS RELATIONSHIP Trustees James F. Rothenberg and Dr. Richmond A. Wolf - Business Relationship TRUSTEES DONALD W. TANG AND Dr. DAVID L. LEE - BUSINESS RELATIONSHIP TRUSTEES DR. MILTON M. CHANG AND Dr. DAVID L. LEE - BUSINESS RELATIONSHIP TRUSTEES DR. PEGGY T. CHERNG AND Dr. DAVID L. LEE - BUSINESS RELATIONSHIP TRUSTEES DR. RICHARD MERKIN, MD AND Dr. DAVID L. 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 XI, Line 9 Other Changes in Net Assets or Fund Balances Changes in Postemployment Benefit Obligations $41,284,000 LOSS ON DISPOSAL OF PROPERTY ($1,758,000) TOTAL $39,526,000 CIT MICROPROBE HOLDINGS LLC 1200 E CALIFORNIA BLVD PASADENA CA 91125 205217981 HOLDING CO. NV -102000 1518000 CIT WILSON AVENUE INVESTMENTS LLC 515 SOUTH FIGUEROA ST 9TH FLOOR LOS ANGELES CA 90017 461712999 HOLDING CO. 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