2011-11-11T19:02:56-06:00 2010-12-31 YH ADVISORS INC 7777 CENTER AVENUE SUITE 405 HUNTINGTON BEACH CA 92647 990 2010-01-01 954240775 THE MILKEN INSTITUTE MILK 3105704600 1250 FOURTH STREET 2ND FLOOR SANTA MONICA CA 90401 MICHAEL KLOWDEN 3105704600 2011-11-15 1 BRIAN YACKER 3109822806 2010 2016-02-24 21:20:13Z MICHAEL L KLOWDEN 1250 FOURTH STREET 2ND FLOOR SANTA MONICA CA 90401 29166416 0 X WWW.MILKENINSTITUTE.ORG X 1989 CA TO ADVANCE SOLUTIONS THAT CREATE JOBS, WIDEN ACCESS TO CAPITAL AND ENHANCE HEALTH. 7 6 80 15 -136440 -136440 14397551 19523141 2455114 1532274 899647 1116054 344146 385420 18096458 22556889 605200 100000 0 0 4492752 6376217 0 0 466408 8400986 10835980 13498938 17312197 4597520 5244692 40140714 48210278 2110442 3189745 38030272 45020533 X 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. 0 0 8579373 100000 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. 6359634 1515461 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. 560415 16813 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. 15499422 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 94 0 1 80 1 1 1 0 0 0 0 1 1 0 0 0 0 X 7 6 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA AL AK AZ AR CO CT FL GA IL KS KY LA ME MD MA MI MN MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA DC WV WI X KAMYAB HASHEMI-NEJAD 3105704612 1250 FOURTH ST 2ND FL SANTA MONICA CA 90401 MICHAEL MILKEN 15.00 X X 0 0 0 RALPH FINERMAN 2.00 X X 0 0 0 RICHARD SANDLER 2.00 X X 0 0 0 LORI MILKEN 1.00 X 0 0 0 GREGORY MILKEN 1.00 X 0 0 0 LANCE MILKEN 1.00 X 0 0 0 MICHAEL L KLOWDEN 40.00 X X 419861 0 11811 KAMYAB HASHEMI-NEJAD 40.00 X 150180 0 10517 MARGARET ANDERSON 40.00 X 286649 0 10542 ROSS DEVOL 40.00 X 284835 0 10777 GLENN YAGO 40.00 X 253742 0 8964 JARED CARNEY 40.00 X 231603 0 3720 LEWIS SKIP RIMER 40.00 X 156449 0 6571 ELIZABETH ZEIDMAN 40.00 X 149927 0 10086 WAH PERRY WONG 40.00 X 146906 0 8940 MELISSA STEVENS 40.00 X 141372 0 9278 PETER PASSELL 40.00 X 135405 0 9295 CECILIA ARRADAZA 40.00 X 134586 0 2238 2491515 0 102739 14 0 1 0 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 7 59500 19463641 19523141 GLOBAL CONFERENCE 900099 1498460 1498460 SPEAKING FEES 900099 17000 17000 PUBLICATIONS 511190 16814 16814 1532274 695155 -136440 831595 374720 374720 374720 374720 7030426 6609527 420899 420899 420899 MISCELLANEOUS 900099 10700 10700 10700 22556889 1532274 -136440 1637914 100000 100000 1846219 1664685 85465 96069 4120993 3715784 190771 214438 31976 28832 1480 1664 15177 13684 703 790 361852 326272 16751 18829 36513 36513 101859 101859 22231 22231 1687328 1518595 168733 61782 61782 224936 202442 15746 6748 276721 249512 12810 14399 1727226 1554503 120906 51817 816061 735820 37777 42464 3881768 3881768 368792 332530 17072 19190 417310 417310 PRINTING & PUBLICATION 815956 815956 RESEARCH 359039 359039 TAXES & FEES 35556 35556 BANK CHARGES 2902 2902 17312197 15499422 1346367 466408 543272 1179286 2738932 2788260 7030500 7606008 188011 133123 359003 221661 5684428 4905286 1107952 779142 27680545 35492517 492499 10281 40140714 48210278 1329223 2049700 781219 1140045 2110442 3189745 X 26873872 28610541 11156400 16409992 38030272 45020533 40140714 48210278 X 5244692 1745569 X 0 1 1 X 0 X 8175667 17475781 16222962 14397551 19523141 75795102 8175667 17475781 16222962 14397551 19523141 75795102 25202887 50592215 420826 822346 1727254 860988 1206315 5037729 45918 45918 5497 65414 10700 81611 80960360 10333582 0.62490 0.65470 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3073138 2700507 372631 2109341 1735823 373518 501949 468956 32993 779142 INVESTMENTS 19595648 F INVESTMENTS IN FMF REALTY CORP 15896869 C 35492517 22556889 17312197 5244692 1745569 1745569 6990261 24280227 1745569 1745569 22534658 22231 22231 22556889 17289966 0 17289966 22231 22231 17312197 1 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 16 0 16 601288 0 601288 MIDDLE EAST AND NORTH AFRICA GRANT TO SUPPORT FELLOWS 300000 WIRE TRANSFER 1 0 0 0 0 0 0 0 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. 1 UNIVERSITY OF CHICAGO 5801 S ELLIS AVENUE CHICAGO IL 60637 362177139 501(C)(3) 100000 FOR ODYSSEY SCHOLARSHIP CHALLENGE, A PROGRAM THAT SUPPORTS CURRENT AND INCOMING STUDENTS FROM LOW TO MIDDLE INCOME FAMILIES 1 0 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: 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. X X X 0 0 0 0 0 0 0 0 0 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 X 1 48000 DETERMINED BY DONOR X 1 6006008 MARKET VALUE 0 0 0 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. FORM 990, PART VI, SECTION B, LINE 12C 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 15 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 C, LINE 19 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 1,745,569. 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 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 1 0 1 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