THE MILKEN INSTITUTE: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- THE MILKEN INSTITUTE (EIN 95-4240775)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-11-11
- IRS object ID
- 201113159349304121
- Schema version
- 2010v3.4
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule F
- Schedule I
- Schedule J
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-11-11T19:02:56-06:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | YH ADVISORS INC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7777 CENTER AVENUE SUITE 405 | AddressLine1 |
| City | HUNTINGTON BEACH | City |
| State | CA | State |
| ZIP Code | 92647 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 954240775 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE MILKEN INSTITUTE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | MILK | NameControl |
| Phone | 3105704600 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1250 FOURTH STREET 2ND FLOOR | AddressLine1 |
| City | SANTA MONICA | City |
| State | CA | State |
| ZIP Code | 90401 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MICHAEL KLOWDEN | Name |
| Title | CEO AND PRES | Title |
| Phone | 3105704600 | Phone |
| Date Signed | 2011-11-15 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | BRIAN YACKER | Name |
| Phone | 3109822806 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | MICHAEL L KLOWDEN | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1250 FOURTH STREET 2ND FLOOR | AddressLine1 |
| City | SANTA MONICA | City |
| State | CA | State |
| ZIP Code | 90401 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 29166416 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.MILKENINSTITUTE.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1989 | YearFormation |
| State Legal Domicile | CA | StateLegalDomicile |
| Activity Or Mission Description | TO ADVANCE SOLUTIONS THAT CREATE JOBS, WIDEN ACCESS TO CAPITAL AND ENHANCE HEALTH. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 7 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 6 | NbrIndependentVotingMembers |
| Total Nbr Employees | 80 | TotalNbrEmployees |
| Total Nbr Volunteers | 15 | TotalNbrVolunteers |
| Total Gross UBI | -136440 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -136440 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 14397551 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 19523141 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 2455114 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 1532274 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 899647 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1116054 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 344146 | OtherRevenuePriorYear |
| Other Revenue Current Year | 385420 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 18096458 | TotalRevenuePriorYear |
| Total Revenue Current Year | 22556889 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 605200 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 100000 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 4492752 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 6376217 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 466408 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 8400986 | OtherExpensePriorYear |
| Other Expenses Current Year | 10835980 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 13498938 | TotalExpensesPriorYear |
| Total Expenses Current Year | 17312197 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 4597520 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 5244692 | RevenuesLessExpensesCY |
| Total Assets BOY | 40140714 | TotalAssetsBOY |
| Total Assets EOY | 48210278 | TotalAssetsEOY |
| Total Liabilities BOY | 2110442 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 3189745 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 38030272 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 45020533 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE MILKEN INSTITUTE IS A PUBLICLY SUPPORTED, NONPARTISAN AND INDEPENDENT THINK TANK. THE INSTITUTE'S MISSION IS TO IMPROVE LIVES BY ADVANCING INNOVATIVE ECONOMIC AND POLICY SOLUTIONS THAT CREATE JOBS, WIDEN ACCESS TO CAPITAL AND ENHANCE HEALTH. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 8579373 | Expense |
| Grants | 100000 | Grants |
| Description | RESEARCH: THE INSTITUTE PURSUES ITS MISSION THROUGH A RANGE OF RESEARCH AND PROGRAMMATIC ACTIVITIES, EVENTS AND CENTERS.THE CALIFORNIA CENTER MEASURES, EVALUATES AND ANALYZES CALIFORNIA'S ECONOMIC, DEMOGRAPHIC AND SOCIAL CONDITIONS AND TRENDS TO HELP BUSINESS AND GOVERNMENT LEADERS BUILD CALIFORNIA'S BUSINESS CAPACITY, ENCOURAGE INNOVATION, CREATE JOBS, ENSURE LONG-TERM PROSPERITY AND IMPROVE THE QUALITY OF LIFE FOR ALL CALIFORNIANS.FASTERCURES WORKS TO IMPROVE THE MEDICAL RESEARCH SYSTEM TO SPEED UP THE TIME IT TAKES TO GET IMPORTANT NEW MEDICINES FROM DISCOVERY TO PATIENTS. ITS MISSION IS TO ACCELERATE THE PROGRESS OF DISCOVERY AND DEVELOPMENT OF MEDICAL SOLUTIONS THROUGH PROGRAMS THAT EDUCATE STAKEHOLDERS, AMPLIFY BEST PRACTICES, AND CREATE OPPORTUNITIES FOR LEADERS ACROSS SECTORS TO COME TOGETHER AND AFFECT CHANGE. THE ISRAEL CENTER PROMOTES ISRAEL'S PATH TOWARD ECONOMIC INDEPENDENCE AND BROAD-BASED PROSPERITY. WORKING WITH GOVERNMENT OFFICIALS AND LEADERS IN THE BUSINESS, ACADEMIC AND SOCIAL SECTORS, IT FOCUSES ON CAPITAL MARKET DEVELOPMENT, FINANCIAL INNOVATION AND JOB CREATION TO SECURE A SUSTAINABLE FUTURE FOR ISRAEL.THE CENTER FOR A SUSTAINABLE ENERGY FUTURE FOCUSES ON ENHANCING ENERGY SECURITY BY DEVELOPING AND PROMOTING REALISTIC POLICIES THAT ATTRACT PRIVATE CAPITAL AND CREATE SMART SUSTAINABLE ENERGY SOLUTIONS. CSEF'S AIM IS ALSO TO ACCELERATE THE TRANSITION TO CLEANER RENEWABLE ENERGY SOURCES TO BUILD A MORE SUSTAINABLE GLOBAL ECONOMY. THE CENTER FOR FINANCIAL MARKETS BRINGS TOGETHER AND WORKS WITH POLICY MAKERS AND BUSINESS THOUGHT-LEADERS TO PROMOTE DEEPER UNDERSTANDING AND ANALYSIS OF MARKETS AND TO DEVELOP INNOVATIVE MARKET AND POLICY-BASED SOLUTIONS TO NATIONAL AND GLOBAL ECONOMIC CHALLENGES. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 6359634 | Expense |
| Revenue | 1515461 | Revenue |
| Description | CONFERENCES: THE MILKEN INSTITUTE ACTIVELY ENGAGES AND EDUCATES THE LEADERS IN BUSINESS, POLICY, PHILANTHROPY, MEDICINE AND ACADEMIA THROUGH FORUMS, WORKSHOPS, SEMINARS AND CONFERENCES RELATED TO ITS CHARITABLE PURPOSE. THESE INCLUDE: GLOBAL CONFERENCE, STATE OF THE STATE CONFERENCE, PARTNERING FOR CURES, FINANCIAL INNOVATION LABS AND FORUMS. THE SENIOR STAFF AND FELLOWS SPEAK REGULARLY AT EVENTS ACROSS THE UNITED STATES AND AROUND THE WORLD. THEY ARE AVAILABLE FOR SPEAKING AT CONFERENCES AND SEMINARS ON A VARIETY OF TOPICS. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 560415 | Expense |
| Revenue | 16813 | Revenue |
| Description | PUBLICATION: MILKEN INSTITUTE REVIEW - A QUARTERLY MAGAZINE THAT PROVIDES A FORUM FOR ANALYSIS AND COMMENTARY ON U.S. AND GLOBAL ECONOMIC POLICY AND PRACTICE. THE INSTITUTE ALSO PUBLISHES NUMEROUS RESEARCH REPORTS AND REPORTS ON THE OUTCOME OF ITS FINANCIAL INNOVATION LABS. ITS RESEARCHERS AND FELLOWS WRITE BOOKS AND MONOGRAPHS FOCUSED ON AREAS CONSISTENT WITH THE INSTITUTE'S MISSION. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 15499422 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 1 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 1 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 94 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 80 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 7 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 6 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | CA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | AL | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | AK | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | AZ | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | AR | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | CO | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | CT | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | FL | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | GA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | IL | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | KS | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | KY | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | LA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | ME | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MD | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MI | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MN | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MO | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NH | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NJ | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NM | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NY | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NC | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | ND | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | OH | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | OK | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | OR | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | PA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | RI | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | SC | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | TN | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | UT | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | VA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | WA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | DC | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | WV | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | WI | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KAMYAB HASHEMI-NEJAD | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 3105704612 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1250 FOURTH ST 2ND FL | AddressLine1 |
| City | SANTA MONICA | City |
| State | CA | State |
| ZIP Code | 90401 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (18 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| MICHAEL MILKEN | ||||||||
| CHAIRMAN | 15.00 | X | X | 0 | 0 | 0 | ||
| RALPH FINERMAN | ||||||||
| CFO/TREASURER | 2.00 | X | X | 0 | 0 | 0 | ||
| RICHARD SANDLER | ||||||||
| SECRETARY | 2.00 | X | X | 0 | 0 | 0 | ||
| LORI MILKEN | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| GREGORY MILKEN | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| LANCE MILKEN | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| MICHAEL L KLOWDEN | ||||||||
| PRESIDENT & CEO | 40.00 | X | X | 419861 | 0 | 11811 | ||
| KAMYAB HASHEMI-NEJAD | ||||||||
| DIRECTOR OF FINANCE | 40.00 | X | 150180 | 0 | 10517 | |||
| MARGARET ANDERSON | ||||||||
| EXEC DIR - FASTERCURES | 40.00 | 286649 | 0 | 10542 | X | |||
| ROSS DEVOL | ||||||||
| CHIEF RESEARCH OFFICER | 40.00 | 284835 | 0 | 10777 | X | |||
| GLENN YAGO | ||||||||
| VICE PRESIDENT | 40.00 | 253742 | 0 | 8964 | X | |||
| JARED CARNEY | ||||||||
| EXEC DIR - PROGRAM DEV & MARKETING | 40.00 | 231603 | 0 | 3720 | X | |||
| LEWIS SKIP RIMER | ||||||||
| EXEC DIR - PROGRAM & COMMUNITY | 40.00 | 156449 | 0 | 6571 | X | |||
| ELIZABETH ZEIDMAN | ||||||||
| DIR - RESEARCH FELLOWS | 40.00 | 149927 | 0 | 10086 | X | |||
| WAH PERRY WONG | ||||||||
| SENIOR ECONOMIST | 40.00 | 146906 | 0 | 8940 | X | |||
| MELISSA STEVENS | ||||||||
| DIR STRATEGIC INIT - FASTERCURES | 40.00 | 141372 | 0 | 9278 | X | |||
| PETER PASSELL | ||||||||
| EDITOR IN CHIEF - MILKEN INST REVIEW | 40.00 | 135405 | 0 | 9295 | X | |||
| CECILIA ARRADAZA | ||||||||
| DIR OF COMM - FASTERCURES | 40.00 | 134586 | 0 | 2238 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 2491515 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 102739 | TotalOtherCompensation |
| Number Individuals GT100 K | 14 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| VIDEO APPLICATIONS INC | |||||
| 14791 MYFORD ROAD | TUSTIN | CA | 92780 | AUDIO - VISUAL | 567137 |
| EXECPRO INFORMATION SERVICES | |||||
| 1250 FOURTH STREET | SANTA MONICA | CA | 90401 | INFORMATION TECHNOLOGY | 525425 |
| EXECPRO SERVICES INC | |||||
| 1250 FOURTH STREET | SANTA MONICA | CA | 90401 | OPERATION & ADMINISTRATION | 314280 |
| THE BAKER GROUP | |||||
| 6245 BISTOL PARKWAY STE 231 | CULVER CITY | CA | 90230 | EVENT CONSULTING | 132411 |
| LARRY YU | |||||
| PERSONAL ADDRESS | SOMERVILLE | MA | 02144 | PUBLICATION CONSULTANT | 107000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 7 | NumberOfContractorsGT100K |
| Government Grants | 59500 | GovernmentGrants |
| All Other Contributions | 19463641 | AllOtherContributions |
| Total Contributions | 19523141 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| GLOBAL CONFERENCE | 900099 | 1498460 | 1498460 |
| SPEAKING FEES | 900099 | 17000 | 17000 |
| PUBLICATIONS | 511190 | 16814 | 16814 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 1532274 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 695155 | TotalRevenueColumn |
| Unrelated Business Revenue | -136440 | UnrelatedBusinessRevenue |
| Exclusion | $831,595 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 374720 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 374720 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 374720 | TotalRevenueColumn |
| Exclusion | $374,720 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 7030426 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 6609527 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 420899 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 420899 | TotalRevenueColumn |
| Exclusion | $420,899 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MISCELLANEOUS | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 10700 | TotalRevenueColumn |
| Exclusion | $10,700 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 10700 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 22556889 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1532274 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | -136440 | UnrelatedBusinessRevenue |
| Exclusion | $1,637,914 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 100000 | Total |
| Program Services | 100000 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1846219 | Total |
| Program Services | 1664685 | ProgramServices |
| Management And General | 85465 | ManagementAndGeneral |
| Fundraising | 96069 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4120993 | Total |
| Program Services | 3715784 | ProgramServices |
| Management And General | 190771 | ManagementAndGeneral |
| Fundraising | 214438 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 31976 | Total |
| Program Services | 28832 | ProgramServices |
| Management And General | 1480 | ManagementAndGeneral |
| Fundraising | 1664 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15177 | Total |
| Program Services | 13684 | ProgramServices |
| Management And General | 703 | ManagementAndGeneral |
| Fundraising | 790 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 361852 | Total |
| Program Services | 326272 | ProgramServices |
| Management And General | 16751 | ManagementAndGeneral |
| Fundraising | 18829 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 36513 | Total |
| Management And General | 36513 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 101859 | Total |
| Management And General | 101859 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 22231 | Total |
| Management And General | 22231 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1687328 | Total |
| Program Services | 1518595 | ProgramServices |
| Management And General | 168733 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 61782 | Total |
| Management And General | 61782 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 224936 | Total |
| Program Services | 202442 | ProgramServices |
| Management And General | 15746 | ManagementAndGeneral |
| Fundraising | 6748 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 276721 | Total |
| Program Services | 249512 | ProgramServices |
| Management And General | 12810 | ManagementAndGeneral |
| Fundraising | 14399 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1727226 | Total |
| Program Services | 1554503 | ProgramServices |
| Management And General | 120906 | ManagementAndGeneral |
| Fundraising | 51817 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 816061 | Total |
| Program Services | 735820 | ProgramServices |
| Management And General | 37777 | ManagementAndGeneral |
| Fundraising | 42464 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3881768 | Total |
| Program Services | 3881768 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 368792 | Total |
| Program Services | 332530 | ProgramServices |
| Management And General | 17072 | ManagementAndGeneral |
| Fundraising | 19190 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 417310 | Total |
| Management And General | 417310 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| PRINTING & PUBLICATION | 815956 | 815956 | |
| RESEARCH | 359039 | 359039 | |
| TAXES & FEES | 35556 | 35556 | |
| BANK CHARGES | 2902 | 2902 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 17312197 | Total |
| Program Services | 15499422 | ProgramServices |
| Management And General | 1346367 | ManagementAndGeneral |
| Fundraising | 466408 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 543272 | BOY |
| EOY | 1179286 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2738932 | BOY |
| EOY | 2788260 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7030500 | BOY |
| EOY | 7606008 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 188011 | BOY |
| EOY | 133123 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 359003 | BOY |
| EOY | 221661 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 5684428 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 4905286 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1107952 | BOY |
| EOY | 779142 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 27680545 | BOY |
| EOY | 35492517 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 492499 | BOY |
| EOY | 10281 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 40140714 | BOY |
| EOY | 48210278 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1329223 | BOY |
| EOY | 2049700 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 781219 | BOY |
| EOY | 1140045 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2110442 | BOY |
| EOY | 3189745 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26873872 | BOY |
| EOY | 28610541 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11156400 | BOY |
| EOY | 16409992 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 38030272 | BOY |
| EOY | 45020533 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 40140714 | BOY |
| EOY | 48210278 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 5244692 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 1745569 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 8175667 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 17475781 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 16222962 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 14397551 | CurrentTaxYearMinus1Year |
| Current Tax Year | 19523141 | CurrentTaxYear |
| Total | 75795102 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 8175667 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 17475781 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 16222962 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 14397551 | CurrentTaxYearMinus1Year |
| Current Tax Year | 19523141 | CurrentTaxYear |
| Total | 75795102 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 25202887 | AmountsSubstContributorsTotal |
| Public Support Total170 | 50592215 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 420826 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 822346 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1727254 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 860988 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1206315 | CurrentTaxYear |
| Total | 5037729 | Total |
Net UBI NetUBI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 45918 | CurrentTaxYearMinus4Years |
| Total | 45918 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | 5497 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 65414 | CurrentTaxYearMinus1Year |
| Current Tax Year | 10700 | CurrentTaxYear |
| Total | 81611 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 80960360 | TotalSupport |
| Gross Receipts From Admissions Etc | 10333582 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.62490 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.65470 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3073138 | OtherCostOrOtherBasis |
| Depreciation | 2700507 | Depreciation |
| Book Value | 372631 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2109341 | OtherCostOrOtherBasis |
| Depreciation | 1735823 | Depreciation |
| Book Value | 373518 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 501949 | OtherCostOrOtherBasis |
| Depreciation | 468956 | Depreciation |
| Book Value | 32993 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 779142 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (2 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| INVESTMENTS | 19595648 | F |
| INVESTMENTS IN FMF REALTY CORP | 15896869 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 35492517 | TotalOfBookValueSecurities |
| Total Revenue | 22556889 | TotalRevenue |
| Total Expenses | 17312197 | TotalExpenses |
| Excess Or Deficit For Year | 5244692 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 1745569 | NetUnrealizedGLOnInvestments |
| Total Adjustments | 1745569 | TotalAdjustments |
| Excess Or Deficit Per FS | 6990261 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 24280227 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 1745569 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | 1745569 | RevenueNotRptdF990 |
| Revenue Subtotal | 22534658 | RevenueSubtotal |
| Investment Expenses Not Included | 22231 | InvestmentExpensesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 22231 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 22556889 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 17289966 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 17289966 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 22231 | InvestmentExpensesNotIncluded2 |
| Expenses Not Rptd On Fin Stmt | 22231 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 17312197 | TotalExpensesPerForm990 |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 1 | GrantRecordsMaintained |
Accts Actvs Out US Table AcctsActvsOutUSTable (6 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|---|
| NORTH AMERICA | 0 | 0 | PROGRAM SERVICES | DEVELOPMENT | 1542 |
| EAST ASIA AND THE PACIFIC | 0 | 0 | PROGRAM SERVICES | DEVELOPMENT | 16715 |
| MIDDLE EAST AND NORTH AFRICA | 0 | 0 | PROGRAM SERVICES | RESEARCH & FINANCIAL INNOVATION LABS | 71324 |
| MIDDLE EAST AND NORTH AFRICA - | 0 | 16 | GRANTS TO RECIPIENT LOCATED IN REGION | GRANT TO SUPPORT FELLOWS PROGRAM LOCATED IN THE REGION | 300000 |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | PROGRAM SERVICES | FINANCIAL INNOVATION LABS & DEVELOPMENT | 152061 |
| RUSSIA & THE NEWLY INDEPENDENT STATES | 0 | 0 | PROGRAM SERVICES | DEVELOPMENT | 59646 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Employees | 16 | SubtotalNumberOfEmployees |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Employees | 16 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 601288 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 601288 | TotalAmountSpent |
Grants To Orgs Outside US GrantsToOrgsOutsideUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | MIDDLE EAST AND NORTH AFRICA | Region |
| Purpose Of Grant | GRANT TO SUPPORT FELLOWS | PurposeOfGrant |
| Amount Of Cash Grant | 300000 | AmountOfCashGrant |
| Manner Of Cash Disbursement | WIRE TRANSFER | MannerOfCashDisbursement |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of501c3 Orgs | 1 | TotalNumberOf501c3Orgs |
| Total Number Of Other Orgs | 0 | TotalNumberOfOtherOrgs |
| Transfer To Foreign Corp | 0 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 0 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: | SCHEDULE F, PART I, LINE 2: GRANTS ARE PROVIDED TO THE FOREIGN ORGANIZATION TO SUPPORT RESEARCH FELLOWS WITHIN A PROGRAM THAT IS JOINTLY AFFILIATED WITH THE FOREIGN ENTITY AND THE MILKEN INSTITUTE. THE MILKEN INSTITUTE PARTNERS WITH THIS ENTITY IN CONDUCTING THE FELLOWS PROGRAM. A DIRECTOR FROM THE MILKEN INSTITUTE AFFILIATED WITH THE FELLOWSHIP PROGRAM TRAVELS TO THE FOREIGN REGION FOR APPROXIMATELY SIX MONTHS OF THE YEAR TO DIRECT AND MONITOR THE PROGRAM AND ENSURE THAT FUNDS ARE BEING SPENT PROPERLY. |
| METHOD USED TO ACCCOUNT FOR EXPENDITURES: | SCHEDULE F, PART I, LINE 3: A DIRECTOR FROM THE MILKEN INSTITUTE IS RESPONSIBLE FOR SUPERVISING THE FELLOWS. THE DIRECTOR SPENDS APPROXIMATELY HALF OF HIS TIME WORKING ON SITE IN THE FOREIGN COUNTRY WITH THE ORGANIZATION. THERE, HE SUPERVISES THE PROGRAM AND THE 15 PARTICIPATING FELLOWS. ON AN ANNUAL BASIS, THE FELLOWS PROVIDE REPORTS AND WRITE UPS FOR THEIR ECONOMIC BASED RESEARCH CONDUCTED IN THE SPECIFIC FOREIGN COUNTRY. THE DIRECTOR REVIEWS THE RESEARCH AND ITS FINDINGS AND WILL COMMUNICATE WITH THE FELLOWS TO DISCUSS THEIR EXPERIENCES. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY OF CHICAGO | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5801 S ELLIS AVENUE | AddressLine1 |
| City | CHICAGO | City |
| State | IL | State |
| ZIP Code | 60637 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 362177139 | EINOfRecipient |
| IRC Section | 501(C)(3) | IRCSection |
| Amount Of Cash Grant | 100000 | AmountOfCashGrant |
| Purpose Of Grant | FOR ODYSSEY SCHOLARSHIP CHALLENGE, A PROGRAM THAT SUPPORTS CURRENT AND INCOMING STUDENTS FROM LOW TO MIDDLE INCOME FAMILIES | PurposeOfGrant |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 0 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: GRANTS ARE PROVIDED TO OTHER PUBLIC CHARITIES THAT THE MILKEN INSTITUTE HAS BUILT STRONG RELATIONSHIPS WITH THAT SUPPORT GROWTH AND INNOVATION. ALL ENTITIES PROVIDE A PROPOSAL TO THE MILKEN INSTITUTE THAT DEMONSTRATES HOW THE FUNDS WILL HELP IMPROVE SOCIAL AND ECONOMIC CONDITIONS OF PEOPLE WITHIN THE UNITED STATES AND AROUND THE WORLD. FUNDS PROVIDED ARE ONLY TO BE USED FOR THE PROPOSED PURPOSE, AND THE MILKEN INSTITUTE DOES FOLLOW UP WITH RECIPIENTS TO ENSURE PROPER USAGE OF THE FUNDS AND ASSESS IMPACT. THE GRANT MADE IN 2010 TO THE UNIVERSITY OF CHICAGO IS PART OF THE A 3-YEAR PLEDGE BY THE MILKEN INSTITUTE. THE UNIVERSITY OF CHICAGO ENSURED THAT ALL APPLICANTS FOR THE SCHOLARSHIP PROGRAM WERE QUALIFIED INDIVIDUALS WHO MET THE ECONOMIC REQUIREMENTS. THE UNIVERSITY OF CHICAGO APPLIES THE AMOUNTS FROM THE GRANT TO STUDENTS' TUITION, TO REDUCE THE NEED FOR FINANCIAL AID AND LOANS. THE SCHOOL MONITORS THAT STUDENTS MEET THE FINANCIAL CRITERIA AND GRADE REQUIREMENTS OF THE SCHOLARSHIP. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (10 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MICHAEL L KLOWDEN | |||||||||||||
| 384861 | 0 | 35000 | 0 | 0 | 0 | 2450 | 0 | 9361 | 0 | 431672 | 0 | 0 | 0 |
| KAMYAB HASHEMI-NEJAD | |||||||||||||
| 145180 | 0 | 5000 | 0 | 0 | 0 | 1583 | 0 | 8934 | 0 | 160697 | 0 | 0 | 0 |
| MARGARET ANDERSON | |||||||||||||
| 241649 | 0 | 45000 | 0 | 0 | 0 | 1852 | 0 | 8690 | 0 | 297191 | 0 | 0 | 0 |
| ROSS DEVOL | |||||||||||||
| 239835 | 0 | 45000 | 0 | 0 | 0 | 2450 | 0 | 8327 | 0 | 295612 | 0 | 0 | 0 |
| GLENN YAGO | |||||||||||||
| 238742 | 0 | 15000 | 0 | 0 | 0 | 0 | 0 | 8964 | 0 | 262706 | 0 | 0 | 0 |
| JARED CARNEY | |||||||||||||
| 191603 | 0 | 40000 | 0 | 0 | 0 | 2317 | 0 | 1403 | 0 | 235323 | 0 | 0 | 0 |
| LEWIS SKIP RIMER | |||||||||||||
| 146449 | 0 | 10000 | 0 | 0 | 0 | 0 | 0 | 6571 | 0 | 163020 | 0 | 0 | 0 |
| ELIZABETH ZEIDMAN | |||||||||||||
| 149927 | 0 | 0 | 0 | 0 | 0 | 1543 | 0 | 8543 | 0 | 160013 | 0 | 0 | 0 |
| WAH PERRY WONG | |||||||||||||
| 146906 | 0 | 0 | 0 | 0 | 0 | 1542 | 0 | 7398 | 0 | 155846 | 0 | 0 | 0 |
| MELISSA STEVENS | |||||||||||||
| 141372 | 0 | 0 | 0 | 0 | 0 | 1421 | 0 | 7857 | 0 | 150650 | 0 | 0 | 0 |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 48000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | DETERMINED BY DONOR | MethodOfDeterminingRevenues |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 6006008 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | MARKET VALUE | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | THE FOLLOWING BOARD MEMBERS HAVE FAMILY RELATIONSHIPS: MICHAEL MILKEN, LORI MILKEN, GREGORY MILKEN, AND LANCE MILKEN. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE DIRECTOR OF FINANCE AND ONE BOARD MEMBER (CFO) WILL REVIEW THE RETURN IN DETAIL AND HAVE THE ABILITY TO ASK THE PREPARERS ANY QUESTIONS OR MAKE ANY CHANGES DEEMED NECESSARY. AFTER AN ADDITIONAL REVIEW BY THE CEO AND COO, THE FINAL VERSION OF THE FORM 990 IS EMAILED TO ALL THE BOARD MEMBERS FOR THEIR REVIEW BEFORE IT IS ULTIMATELY SIGNED BY THE CEO AND SENT TO THE IRS. | |
| AN ANNUAL DISCLOSURE QUESTIONNAIRE FOR IDENTIFYING CONFLICTS IS CIRCULATED TO ALL THE BOARD MEMBERS TO REVIEW, COMPLETE AND SIGN. THE DIRECTOR OF FINANCE MONITORS AND KEEPS TRACK OF ALL THE COMPLETED QUESTIONNAIRES. IF A POTENTIAL CONFLICT OF INTEREST ARISES, ALL DETAILS REGARDING THE POTENTIAL CONFLICT ARE DISCLOSED TO THE BOARD. THE BOARD, EXCLUDING ANY INTERESTED PERSON, WILL REVIEW THE CONFLICT AND, IN CONJUNCTION WITH THE MANAGEMENT, MAKE A DECISION ON HOW BEST TO PROCEED BASED ON THE BEST INTEREST OF THE INSTITUTE. | FORM 990, PART VI, SECTION B, LINE 12C | |
| THE CEO ANNUALLY PROVIDES THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS A DETAILED REPORT OF ALL COMPENSATION ADJUSTMENTS, INCLUDING ADJUSTMENTS FOR THE INSTITUTE'S OFFICERS AND SENIOR EMPLOYEES. DURING THEIR REVIEW, THE MEMBERS OF THE COMMITTEE INQUIRE ABOUT THE BASIS FOR ALL COMPENSATION DETERMINATIONS, INCLUDING INDIVIDUAL AND ENTERPRISE PERFORMANCE AND AVAILABLE COMPARABILITY DATA FOR SIMILARLY SITUATED NONPROFIT INSTITUTIONS. THE COMPENSATION COMMITTEE, EXCLUDING THE CEO, DISCUSSES AND APPROVES ANY ADJUSTMENTS TO THE CEO'S COMPENSATION. | FORM 990, PART VI, SECTION B, LINE 15 | |
| THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND THE FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC AT THE ENTITY'S PLACE OF BUSINESS AND UPON REQUEST. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | NET UNREALIZED GAINS ON INVESTMENTS: 1,745,569. | FORM 990, PART XI, LINE 5: |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Direct Controlling Entity NADirectControllingEntityNA | Controlled OrgControlledOrg |
|---|---|---|---|---|---|---|---|---|---|---|
| FMF REALTY CORP | ||||||||||
| 1250 FOURTH STREET 2ND FLOOR | SANTA MONICA | CA | 90401 | 954377364 | PROPERTY TITLE HOLDING COMPANY | CA | 501(C)(25) | N/A | N/A | 0 |
| MELANOMA RESEARCH ALLIANCE FOUNDATION | ||||||||||
| 11101 NEW YORK AVENUE NW | WASHINGTON | DC | 20005 | 261636099 | SUPPORT FOR RESEARCH | DC | 501(C)(3) | 509(A)(3), TYPE 1 | N/A | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 1 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 1 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 1 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 1 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 1 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (4 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| MELANOMA RESEARCH ALLIANCE FOUNDATION | ||
| I | 123288 | AMOUNT PAID |
| FMF REALTY CORP | ||
| J | 682134 | AMOUNT PAID |
| MELANOMA RESEARCH ALLIANCE FOUNDATION | ||
| P | 552871 | AMOUNT PAID |
| FMF REALTY CORP | ||
| R | 356726 | 501(C)(25) DISTRIBUTION PAID |
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