2013-11-13T11:58:32-06:00 2012-12-31 910189318 MOSS ADAMS LLP 101 SECOND STREET 9TH FLOOR SAN FRANCISCO CA 94105 990 2012-01-01 237203666 THE J DAVID GLADSTONE INSTITUTES JDAV 4157342000 1650 OWENS STREET SAN FRANCISCO CA 94158 JOHN WHITING 4157342000 2013-11-13 PATRICIA J MAYER P00188643 4159561500 2012 2016-02-24 21:20:13Z JOHN WHITING 1650 OWENS STREET SAN FRANCISCO CA 94158 134478566 0 X WWW.GLADSTONEINSTITUTES.ORG X 1972 CA 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. 3 0 485 85 9665 0 6305182 10796559 61538786 60457987 5521694 16356251 -152793 501637 73212869 88112434 0 0 0 0 37893472 40086918 150301 0 1589537 48594811 42834099 86638584 82921017 -13425715 5191417 319515917 311301015 166580662 155322409 152935255 155978606 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 21068992 19022931 THE INSTITUTE OF VIROLOGY AND IMMUNOLOGY FOCUSES ITS RESEARCH ON THE HUMAN IMMUNODEFICIENCY VIRUS (HIV) AND THE ACQUIRED IMMUNE DEFICIENCY SYNDROME (AIDS). 25186913 21029164 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. 17691258 15662471 THE INSTITUTE OF NEUROLOGICAL DISEASE FOCUSES ITS RESEARCH ON THE PATHOGENESIS OF ALZHEIMER'S AND OTHER MAJOR NEURODEGENERATIVE DISEASES. 5570276 4743421 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. 5570276 4743421 69517439 1 1 0 0 0 0 0 0 0 1 1 1 0 1 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 1 0 0 0 0 1 1 1 1 0 0 1 100 0 1 485 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 JOHN WHITING 4157342000 1650 OWENS STREET 120B SAN FRANCISCO CA 94158 ALBERT A DORMAN 40.00 X 475000 0 0 RICHARD D JONES 40.00 X 475000 0 0 ANDREW S GARB 40.00 X 475000 0 0 ROBERT S WILLIAMS 40.00 1.00 X 675624 0 81928 JOHN WHITING 40.00 1.00 X 320689 0 40945 DEEPAK SRIVASTAVA 40.00 X 506762 0 52845 WARNER GREENE 40.00 X 382710 0 50941 LENNART MUCKE 40.00 X 418354 0 44434 ERIC VERDIN 40.00 X 389691 0 52750 ROBERT MAHLEY 40.00 X 440298 0 50941 STEPHEN FREEDMAN 40.00 X 431801 0 38326 VINCENT E MOSELEY 40.00 10.00 X 286207 0 53353 VIRGINIA SAIFER 40.00 X 324497 0 34324 5601633 0 500787 47 0 1 0 BOZICEVIC FIELD & FRANCIS 1900 UNIVERSITY AVE 200 EAST PALO ALTO CA 94303 LEGAL SERVICES 400782 HOGAN LOVELLS US LLP 525 UNIVERSITY AVE 4TH FLOOR PALO ALTO CA 94301 LEGAL SERVICES 156520 MOSS-ADAMS LLP 9665 GRANITE RIDGE DRIVE 600 SAN DIEGO CA 92123 ACCOUNTING SERVICES 124975 3 10796559 12223 10796559 GOVERNMENT CONTRACTS 900099 40394636 40394636 OTHER GRANT INCOME 900099 18263527 18263527 LABORATORY INCOME 900099 1006424 1006424 INTELLECTUAL PROPERTY INCOME 900099 793400 793400 60457987 2904550 2904550 1347685 1066417 281268 281268 281268 58751416 45299715 13451701 13451701 13451701 OTHER REVENUE 900099 210704 210704 COMMONFUND SCHEDULES K-1 PASSTHRO 900099 9665 9665 220369 88112434 60457987 9665 16848223 4000232 3286290 713942 26987742 20035747 5903011 1048984 2526036 2058940 467096 4764422 3558041 885428 320953 1808486 1497089 311397 702474 533410 169064 123283 188 123095 211732 211732 3400344 2781323 562402 56619 7981616 7973001 150 8465 515055 496665 18390 200000 200000 2416960 2095507 321453 1385594 1295418 20848 69328 6069502 5047281 1022221 6319854 5410020 909834 925082 735726 189356 SUBCONTRACTED RESEARCH 8319989 8319989 ANIMALS 2918017 2918017 OTHER EXPENSES 713291 674581 -4544 43254 PRINTING & PUBLICATION 249059 243104 1860 4095 382247 357102 5696 19449 82921017 69517439 11814041 1589537 5052660 6311703 6143882 3988172 12367958 16373749 1981663 3753085 3052500 2745000 9351101 12626650 1713574 1499580 155956109 43603534 116511457 112352575 87096811 68134521 53821781 55193615 1539150 1472236 20883380 26850129 319515917 311301015 6672663 5279277 7354538 7974420 120090000 117835000 25547737 16000000 6915724 8233712 166580662 155322409 X 139036538 136048794 8898717 14929812 5000000 5000000 152935255 155978606 319515917 311301015 X 5191417 -2138404 -9662 X 0 1 X 1 1 1 X SAN FRANCISCO GENERAL HOSPITAL SAN FRANCISCO CA RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13898717 10148795 4117700 19929812 12043203 4829571 2974057 13898717 7395422 7177855 319568 2849642 12043203 5895428 4479742 91225 3070973 7395422 7810494 1182034 3097100 5895428 0.00000 0.25000 0.75000 0 0 13546625 13546625 56043195 10018911 46024284 50962394 14015845 36946549 33039540 18625840 14413700 2364355 942938 1421417 112352575 OTHER REAL ESTATE INVESTMENTS 2169732 F IZUMI BIO 32000 F OZ OVERSEAS FUND 121557 F PASSPORT OFFSHORE LTD 1690304 F SANSAR CAPITAL 29022 F TACONIC OPPORTUNITY CI A 2713477 F FIR TREE INTL VALUE 4070038 F GMT BAY RESOURCE PARTNER OFFSHORE 1147308 F GLENVIEW CAPITAL PARTNERS 2365148 F SANKATY CR OPPORTUNITIES FUND LP 472418 F SANKATY CR OPPORTUNITIES FUND III 3060152 F MASON CAPITAL LTD 4152484 F HBK INVESTMENTS 3236541 F DAVIDSON KEMPNER 2779391 F VIKING GLOBAL INVESTORS 4809099 F OWL CREEK OVERSEAS FUND 4153313 F ARCHIPELAGO HLDGS LTD (WELLINGTON) 1809135 F MILLENIUM INTERNATIONAL LTD 5998141 F COMMONFUND CEP V 1402133 F LONE STAR FUND VI, LP 2588266 F COMMONFUND CEP VI 1098973 F VENTURE LENDING AND LEASING III 78372 F VISIUM GLOBAL OFFSHORE 2547611 F BAY RESOURCE PARTNERS OFFSHORE GMT 2200000 F PRIME FINANCE PARTNERS III 469000 F 55193615 457(B) PLAN ASSETS 773858 INVESTMENT IN GRE, LLC 26076271 26850129 457(B) TIAA-CREF PLAN LIABILITY 773858 ACCRUED PAYROLL LIABILITY 2347882 BOND INTEREST PAYABLE 1449282 BOND PREMIUM - MISSION BAY 425149 FLEXIBLE BENEFITS PAYABLE 92073 HEALTH CLAIMS RESERVE 230000 PENSION PAYABLE 2679896 POST-DOC PENSION PLAN PAYABLE 94800 REFUND CLEARING ACCOUNT 21501 TENANT SECURITY DEPOSITS 19271 KAISER 100000 8233712 X 102335820 -2138404 16374296 14235892 88099928 12507 12507 88112435 90836633 7918458 7918458 82918175 2842 2842 82921017 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE TEMPORARY RESTRICTED ENDOWMENT FUNDS HAVE BEEN RESTRICTED TO FUND SPECIFIC SCIENTIFIC RESEARCH PROJECTS WHICH RESEARCH WILL BE PERFORMED OVER THE NEXT FEW YEARS. THE PERMANENTLY RESTRICTED FUNDS EARNINGS WILL BE SPENT ON SCIENTIFIC RESEARCH AND ADMINISTRATION. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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 23701(D) 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, 2012 AND 2011, THE INSTITUTES HAD APPROXIMATELY $2,177,000 AND $2,187,000 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 2009 FOR ITS FEDERAL FILINGS AND FOR YEARS BEFORE 2008 FOR ITS STATE FILINGS. THE INSTITUTES HAD NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2012 AND 2011. PART XI, LINE 2D - OTHER ADJUSTMENTS: CONSOLIDATING ADJUSTMENT 15,307,877. RENTAL EXPENSE RECLASS 1,066,417. ROUNDING 2. PART XI, LINE 4B - OTHER ADJUSTMENTS: BOND INTEREST EXPENSE RELATED TO BOND RESERVE 2,842. COMMONFUND V K-1 UBIT ALLOCATION 10,663. COMMONFUND VI K-1 UBIT ALLOCATION -998. PART XII, LINE 2D - OTHER ADJUSTMENTS: CONSOLIDATING ADJUSTMENT 6,803,502. RENTAL EXPENSE RECLASS 1,066,417. TRANSFER 48,539. PART XII, LINE 4B - OTHER ADJUSTMENTS: BOND INTEREST EXPENSE RELATED TO BOND RESERVE 2,842. CENTRAL AMERICA AND THE CARIBBEAN - INVESTMENTS 42703658 EUROPE (INCLUDING ICELAND & GREENLAND) - INVESTMENTS 1714337 0 0 0 0 0 0 44417995 0 44417995 0 0 0 0 0 0 CENTRAL AMERICA / CARIBBEAN INVESTMENT BOOK VALUE END-OF-YEAR $42,132,265 INVESTMENT EXPENSE $571,393 TOTAL EXPENDITURE FOR AND INVESTMENTS IN REGION $42,703,658 EUROPE INVESTMENT BOOK VALUE END-OF-YEAR $1,690,304 INVESTMENT EXPENSE $24,033 TOTAL EXPENDITURE FOR AND INVESTMENTS IN REGION $1,714,337 X X X X X 1 0 0 0 0 0 0 1 0 ALBERT A DORMAN 475000 0 0 0 0 0 0 0 0 0 475000 0 0 0 RICHARD D JONES 475000 0 0 0 0 0 0 0 0 0 475000 0 0 0 ANDREW S GARB 475000 0 0 0 0 0 0 0 0 0 475000 0 0 0 ROBERT S WILLIAMS 641774 0 0 0 33850 0 37500 0 44428 0 757552 0 0 0 JOHN WHITING 320689 0 0 0 0 0 25000 0 15945 0 361634 0 0 0 DEEPAK SRIVASTAVA 400953 0 15000 0 90809 0 37500 0 15345 0 559607 0 0 0 WARNER GREENE 382710 0 0 0 0 0 37500 0 13441 0 433651 0 0 0 LENNART MUCKE 418354 0 0 0 0 0 37500 0 6934 0 462788 0 0 0 ERIC VERDIN 263670 0 26320 0 99701 0 37500 0 15250 0 442441 0 0 0 ROBERT MAHLEY 394298 0 46000 0 0 0 37500 0 13441 0 491239 0 0 0 STEPHEN FREEDMAN 332801 0 99000 0 0 0 25000 0 13326 0 470127 0 0 0 VINCENT E MOSELEY 248707 0 37500 0 0 0 37500 0 15853 0 339560 0 0 0 VIRGINIA SAIFER 137795 0 18000 0 168702 0 25000 0 9324 0 358821 0 0 0 PART I, LINE 4A SEVERANCE PAYMENTS WERE MADE TO THE CHIEF DEVELOPMENT OFFICER. PART I, LINE 7 NONDISCRETIONARY BONUS PAYMENTS WERE PAID BASED ON PERSON'S 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 0 1 0 0 0 0 0 0 A 0 PART V: THE ORGANIZATION IS IN THE PROCESS OF FINALIZING WRITTEN POST ISSUANCE BOND PROCEDURES TO ENSURE THAT VIOLATIONS OF FEDERAL TAX REQUIREMENTS ARE TIMELY IDENTIFIED AND CORRECTED THROUGH THE VCAP PROGRAM IF SELF-REMEDIATION IS NOT AVAILABLE UNDER APPLICABLE REGULATIONS. IN ADDITION THE ORGANIZATION IS FINALIZING WRITTEN BOND PROCEDURES TO MONITOR THE REQUIREMENTS OF SECTION 148. DEEPAK SRIVASTAVA RELOCATION/HOUSING X 660000 545000 0 1 1 ROBERT S WILLIAMS RELOCATION/HOUSING X 2000000 1800000 0 1 1 ERIC VERDIN RELOCATION/HOUSING X 500000 400000 0 1 1 2745000 ROBERT S WILLIAMS BOARD MEMBER AT BRISTOL-MEYERS SQUIBB COMPANY 2205118 PATENT COSTS AND RESEARCH FUNDING 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 FORM 990, PART VI, 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 2012 REPORT WAS COMPLETED 10/16/12. THE PRESIDENT AND DIRECTORS' COMPENSATION IS APPROVED BY UNIVERSITY OF CALIFORNIA SAN FRANCISCO VICE DEAN EACH YEAR. 2012 SALARIES WERE APPROVED ON 2/8/12. 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 13, 2013. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: K-1 UBIT INCOME ALLOCATION -9,665. ROUNDING 3. STATEMENT WITH RESPECT TO COMPENSATION: STATEMENT REGARDING COMPENSATION TO CERTAIN BOARD MEMBERS AND OFFICERS OF RELATED EXEMPT ORGANIZATION. ALL COMPENSATION IS PAID BY THE J.DAVID GLADSTONE INSTITUTE INCLUDING TIME ALLOCATED TO THE RELATED EXEMPT ORGANIZATION GLADSTONE FOUNDATION. GLE-I LLC 1650 OWENS STREET SAN FRANCISCO CA 94158 330935568 REAL ESTATE CA N/A GLADSTONE FOUNDATION 1650 OWENS STREET SAN FRANCISCO CA 94158 800688001 FUNDRAISING CA 509(A)(1) 7 N/A 0 EASTSIDE APARTMENT INVESTORS LLC 18375 VENTURA BLVD STE 611 TARZANA CA 91356 208203242 REAL ESTATE CA GRE LLC 0 0 EASTSIDE LAND LLC 18375 VENTURA BLVD STE 611 TARZANA CA 91356 208378369 REAL ESTATE CA N/A 0 0 FOOTHILL LAND PARTNERS LLC 18375 VENTURA BLVD STE 611 TARZANA CA 91356 261606094 REAL ESTATE CA GRE LLC 0 0 14040 FOOTHILL MEZZ LLC 18375 VENTURA BLVD STE 611 TARZANA CA 91356 261870665 REAL ESTATE CA N/A 0 0 SUNSET TRIANGLE INVESTORS LLC 17530 VENTURA BLVD STE 201 ENCINO CA 91316 300756705 REAL ESTATE CA GRE LLC 0 0 GRE LLC 1650 OWENS STREET SAN FRANCISCO CA 94158 260331566 REIT DE N/A C -723049 63808823 0.99000 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 1 0 0 GLADSTONE FOUNDATION 50000 O ADMINISTRATIVE SUPPORT FOR FUNDRA GRE LLC Q REIMBURSEMENT OF EXPESNES I/C ACC GRE LLC - DIVIDEND F 925000 CASH