2026-03-02T23:26:39-06:00 2025-06-30 390859910 Baker Tilly Advisory Group LP 6320 Canoga Avenue 17th Floor Woodland Hills CA 91367 990 2024-07-01 954625327 Keck Graduate Institute of Applied Life Sciences KECK 9096077855 535 Watson Drive Claremont CA 91711 Mia Alonzo Controller and Assistant VP 9096077855 2026-02-24 1 0 Lauren A Haverlock P00545829 8185771900 2026-02-24 2024 2025-03-06 01:10:19Z Keck Graduate Institute Mohamed Abousalem 535 Watson Drive Claremont CA 91711 66439676 0 X www.kgi.edu X 1997 CA Enrich society with breakthrough approaches to education and translational research in life sciences. 20 19 354 19 497617 496617 3224008 3184130 31212741 29045777 5364038 3688794 415842 1119470 40216629 37038171 4147228 4079024 0 0 20683124 21226763 0 0 1291520 14403703 13848835 39234055 39154622 982574 -2116451 138855252 139059043 51761471 52792747 87093781 86266296 X Keck Graduate Institute's mission is to enrich society with breakthrough approaches to education and translational research in healthcare and the life sciences. 0 0 25414400 4079024 29045777 The institution's primary purpose is to offer innovative postgraduate degrees and certificates that integrate life and health sciences, business, pharmacy, and genetics, with a focus on industry projects, hands-on industry experiences, and team collaboration. Through its three schools, the Henry E. Riggs School of Applied Life Sciences (Riggs School), the School of Pharmacy (SOP), and the School of Health Sciences (SHS), KGI employs an entrepreneurial approach and industry connections that provide pathways for students to become leaders in bioscience and healthcare. Degrees include: Master of Business and Science (MBS); Master of Engineering (MEng) in Biopharmaceutical Processing; Master of Science (MS) in Applied Life Sciences; Master of Science in Medical Device Engineering (MSMDE); PhD in Applied Life Sciences; Postbaccalaureate Premedical Certificate (PPC); Postbaccalaureate Pre-PA Certificate; Certificate in Bioscience Management (CBM); Masters in Community Health Administration (MCHA), Doctor of Pharmacy (PharmD); Master of Science in Human Genetics and Genetic Counseling (MSGC); Master of Science in Human Genetics and Genomic Data Analytics (MSGDA), Master of Science in Physician Assistant Studies, Occupational Therapy Doctorate, and Master of Science in Community Medicine. 25414400 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 862 0 1 354 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 20 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X Mia Alonzo 9096218043 101 S Mills Ave Claremont CA 91711 Sheldon Schuster President (Thru 06/24) 40.00 1.00 X 544289 0 71705 Megan Prosser Vice President, Academic Affairs 40.00 X 320284 0 47318 Kelleen S Esperias VP of Finance & Admin (Thru 09/24) 40.00 X 286223 0 48469 Steve Casper Professor of Management 40.00 X 257369 0 61927 Mohamed Abousalem President (As of 07/24) 40.00 1.00 X X 286907 0 4700 John Leonard Krstenansky Prof. of Biopharmaceutical Sciences 40.00 X 212020 0 75930 Angelika Niemz - Dean of Henry E. Riggs School & Professor 40.00 X 217139 0 55099 Joshua Morris - AVP of Edu Effectiveness & Faculty Development 40.00 X 204072 0 29135 Martin Zdanowicz Prof. of Pharmacology, Former Dean 40.00 X 188809 0 39834 Derick Soo Han Professor of Biochem & Pharmacology 40.00 X 176168 0 49178 Loren Martin - AVP of Research, Innov, & Partnerships 40.00 X 202419 0 16749 Cheryl Merritt Asst. Vice President of HR 40.00 X 189606 0 26869 Trevor Garrett VP of Finance & Admin (As of 08/24) 40.00 X 185230 0 23335 Mia Alonzo Assistant Vice President/Controller 4.00 20.00 X 0 160562 42581 Larry Grill Research Professor, Former Dean 40.00 X 161421 0 28897 Matthew Madrid - VP of Admin & Enroll Mgt (Thru 06/25) 40.00 X 179808 0 22792 Patricia Robidoux Secretary to Board of Trustees 40.00 X 99282 0 12191 Ross Grossman Chairperson 1.00 1.00 X X 0 0 0 Yolanda Moses Vice-Chairperson 1.00 X X 0 0 0 Wade Ackerman Trustee 1.00 X 0 0 0 Bonnie Anderson Trustee 1.00 X 0 0 0 Karen Bernstein Trustee 1.00 X 0 0 0 Teresia Bost Trustee 1.00 X 0 0 0 Daniel Bradbury Trustee 1.00 X 0 0 0 Harlan Levine Trustee 1.00 X 0 0 0 Robert Curry Trustee 1.00 X 0 0 0 Maria Millan Trustee 1.00 X 0 0 0 Carol Nacy Trustee 1.00 X 0 0 0 Jose Ignacio Santos Trustee 1.00 X 0 0 0 Michelle Schroeder Trustee 1.00 X 0 0 0 Rahul Singhvi Trustee 1.00 X 0 0 0 Neil Tolaney Trustee 1.00 X 0 0 0 Lydia Villa-Komaroff Trustee 1.00 X 0 0 0 Timothy White Trustee 1.00 X 0 0 0 James Widergren Trustee 1.00 X 0 0 0 Cissy Young Trustee 1.00 X 0 0 0 Rodney Markin Trustee (Thru 09/24) 1.00 X 0 0 0 Steven Galson Trustee (Thru 07/24) 1.00 X 0 0 0 3711046 160562 656709 56 1 1 0 CBRE Managed Services Inc 2100 McKinney Avenue Suite 900 Dallas TX 75201 Employment Agency - Grounds services 1220467 Squire Patton Boggs (US) LLP PO Box 643051 Cincinnati OH 45264 Legal Services 755069 WittKieffer Inc 2015 Spring Road Suite 510 Oak Brook IL 60523 Executive Search & Advisory 355999 Enrollment Builders LLC 3783 Briar Hill Road Lexington KY 40516 Higher Ed Enrollment Services 172986 Chapman University One University Drive Orange CA 92866 Grant Subcontracting 169589 7 3184130 1169 3184130 Gross Tuition and Fees 611710 25698731 25698731 Fed Grants & Contracts 611710 1959319 1959319 Team Masters Project 611710 519766 519766 Private Contracts 611710 418732 418732 Payments from Affiliate 611710 42935 42935 406294 406294 29045777 1217726 1217726 1996209 876739 1119470 1119470 497617 621853 30995834 28524766 2471068 2471068 2471068 37038171 29045777 497617 4310647 4079024 4079024 2858612 1125138 1272718 460756 452024 452024 14036011 12094971 1617945 323095 1198812 1043529 142594 12689 1552970 1069450 483520 1128334 886864 191813 49657 4984 4984 998183 338324 659859 180706 180706 2167219 1483077 519281 164861 595430 380924 179641 34865 1312828 883131 406429 23268 1336290 340077 907588 88625 1460603 363853 1061243 35507 200499 148054 34873 17572 335975 227795 44668 63512 1179860 44626 1135234 1102073 266317 835756 157722 157722 Payments to affiliates 2647122 57549 2584574 4999 Building Repair 88112 88112 81229 41561 27554 12114 39154622 25414400 12448702 1291520 4784842 4355788 2486254 608988 3841419 4224671 2146838 1788929 2720889 2776221 294338 518739 65558173 17986742 48573155 47571431 55517193 61782199 18490324 15432077 138855252 139059043 2704496 3212284 2334751 1684410 37949230 40083699 8772994 7812354 51761471 52792747 X 27423086 30791428 59670695 55474868 87093781 86266296 138855252 139059043 X -2116451 1286499 2467 X 0 1 X 1 1 1 X 4348052 9645663 6975420 3219008 3184130 27372273 4348052 9645663 6975420 3219008 3184130 27372273 6515723 20856550 3327840 1904310 3426998 3329601 2716318 14705067 320880 105587 497617 924084 43001424 160027264 0.48500 0.49520 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 23800 X 0 74536479 1017264 7538483 525945 1223699 87439 81255143 69753860 67307 5811845 497908 518039 80586 74536479 66948102 74803 5364072 482599 2075980 74538 69753860 73835559 989831 -5342587 408075 2038130 88496 66948102 67079510 79298 10004590 397231 2850595 80013 73835559 0.48430 0.36920 0.14650 0 0 12300000 1806560 14106560 19500000 23640301 10715118 32425183 446214 367741 78473 7841298 6903883 937415 23800 23800 47571431 Finance Right of Use Assets 5327245 Assets Held for Sale 10000000 Beneficial Interest in Trusts 104832 15432077 Finance Lease Obligation 5847862 Asset Retirement Obligation on Assets Held for Sale 1964492 7812354 X 35526842 1286499 879207 2165706 33361136 3677035 3677035 37038171 36354327 876740 876740 35477587 3677035 3677035 39154622 Part III, Line 4: The Institute's works of art enhance public spaces that are used for instruction and research. Part V, Line 4: To provide funding for the general operations of the Institute as well as for specific programmatic elements such as student fellowships and faculty professorships. Part X, Line 2: The Institute is exempt from Federal and California income taxes under Section 501(c)(3) of the Internal Revenue Code and Section 23701(d) of the California Revenue and Taxation Code, except for taxes on unrelated business income. Since the Institute had no material unrelated business income for the years ended June 30, 2025 and 2024, no provision for income taxes has been made in the accompanying financial statements. In accordance with generally accepted accounting principles, the Institute had no uncertain tax positions at June 30, 2025 and 2024. Part XI, Line 2d - Other Adjustments: Rental Expenses 876,740. Actuarial Adjustment 2,467. Part XI, Line 4b - Other Adjustments: Student Financial Aid 3,677,035. Part XII, Line 2d - Other Adjustments: Rental Expenses 876,740. Part XII, Line 4b - Other Adjustments: Student Financial Aid 3,677,035. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The Institute's nondiscrimination policy is reflected on its home page, print publications and in other media. Schedule E, Part I, Line 6 Keck Graduate Institute receives federal student financial aid from the Federal Direct Student Loan Program (FDSLP). 1 Student Financial Aid 552 4079024 Part I, Line 2: Keck Graduate Institute awards scholarships only to individual graduate students enrolled at the Institute. The scholarships are awarded in the admissions process based upon academic merit, financial need, and availability of funds. The Institute monitors that each student receiving a scholarship maintains satisfactory academic progress. In awarding donor-funded scholarships, the Institute also monitors that students selected for those scholarships meet any donor stipulations as to academic preparation or field of study. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Sheldon Schuster President (Thru 06/24) 461495 0 0 0 82794 0 41400 0 30305 0 615994 0 0 0 Megan Prosser Vice President, Academic Affairs 320284 0 0 0 0 0 38541 0 8777 0 367602 0 0 0 Kelleen S Esperias VP of Finance & Admin (Thru 09/24) 252589 0 0 0 33634 0 34780 0 13689 0 334692 0 0 0 Steve Casper Professor of Management 257369 0 0 0 0 0 32331 0 29596 0 319296 0 0 0 Mohamed Abousalem President (As of 07/24) 273895 0 0 0 13012 0 0 0 4700 0 291607 0 0 0 John Leonard Krstenansky Prof. of Biopharmaceutical Sciences 212020 0 0 0 0 0 27416 0 48514 0 287950 0 0 0 Angelika Niemz - Dean of Henry E. Riggs School & Professor 217139 0 0 0 0 0 27180 0 27919 0 272238 0 0 0 Joshua Morris - AVP of Edu Effectiveness & Faculty Development 204072 0 0 0 0 0 10138 0 18997 0 233207 0 0 0 Martin Zdanowicz Prof. of Pharmacology, Former Dean 188809 0 0 0 0 0 23065 0 16769 0 228643 0 0 0 Derick Soo Han Professor of Biochem & Pharmacology 176168 0 0 0 0 0 22899 0 26279 0 225346 0 0 0 Loren Martin - AVP of Research, Innov, & Partnerships 202419 0 0 0 0 0 8192 0 8557 0 219168 0 0 0 Cheryl Merritt Asst. Vice President of HR 189606 0 0 0 0 0 23083 0 3786 0 216475 0 0 0 Trevor Garrett VP of Finance & Admin (As of 08/24) 185230 0 0 0 0 0 22214 0 1121 0 208565 0 0 0 Mia Alonzo Assistant Vice President/Controller 0 160562 0 0 0 0 0 21193 0 21388 0 203143 0 0 Larry Grill Research Professor, Former Dean 161421 0 0 0 0 0 19537 0 9360 0 190318 0 0 0 Matthew Madrid - VP of Admin & Enroll Mgt (Thru 06/25) 179808 0 0 0 0 0 0 0 22792 0 202600 0 0 0 Part I, Line 1b A residence or housing allowance is provided for the outgoing President. The housing allowance is treated as taxable compensation. Housing is provided for the incoming President as a condition of employment for the convenience of the employer. Form 990, Part VI, Section B, line 11b After being drafted by the Institute's certified public accountants, the return is reviewed by the Institute's controller's office, business office and Vice President of Finance and Administration. After feedback has been received by the Institute's certified public accountants, a revised draft is reviewed by the members of the Institute's Audit & Risk Management Committee of the Board of Trustees. Once questions and comments from the Audit & Risk Management Committee have been addressed, the Audit & Risk Management Committee accepts the Form 990. Any feedback from the committee is incorporated into an updated draft by the Institute's certified public accountants and a final draft is provided to the full Board of Trustees for feedback before filing. The final form 990 is signed by the Controller and Assistant Vice President and then filed electronically by the Institute's certified public accountants. Form 990, Part VI, Section B, line 12c The Audit and Risk Management Committee of the Institute's Board of Trustees requires that each trustee, officer, faculty member and management level staff complete an annual code of conduct and conflict of interest questionnaire. Any disclosures from the questionnaires that require Board action are referred to the appropriate Board Committees for response. Institute faculty and management also serve on a Conflict Monitoring Committee, which oversees interactions between the Institute's faculty or students and external academic collaborators to ensure that any conflicts of interest that arise are vetted and elevated to the appropriate Board Committees. Form 990, Part VI, Section B, line 15 The Board of Trustees of Keck Graduate Institute ("KGI") is required to approve the compensation of the President and the Chief Financial Officer on an annual basis. In support of this responsibility, the Human Resources and Compensation Committee comprised of Board members and acting with the highest degree of confidentiality oversees the performance evaluation process for the President and the President's Cabinet; recommends to the Board the annual compensation of the President and Chief Financial Officer; reviews the President's compensation recommendations for the President's Cabinet; and reviews and recommends action regarding the President's employment contract. In developing its recommendations, the Committee reviews independent benchmark salary survey data for comparable positions in higher education from sources such as the Association of Independent California Colleges and Universities (AICCU), the College and University Professional Association for Human Resources (CUPA-HR), and The Claremont Colleges. The Committee also reviews the job descriptions and annual performance evaluations for the President and Chief Financial Officer, including any variations in responsibilities relative to benchmarked positions. The Committee's review process and resulting recommendations are documented in the Committee's meeting minutes and presented to the Board of Trustees for final approval. Form 990, Part VI, Section C, line 19 - Governing documents are available upon request - Financial statements are available upon request - Conflict of interest policy is available on the organization's website Form 990, Part XI, line 9: Actuarial Adjustment 2,467. The Claremont Colleges Inc 101 S Mills Ave Claremont CA 91711 954786748 Provide support to Claremont Colleges CA 501(c)(3) Line 12a, Type I N/A 0 0 0 0 1 1 0 0 0 0 0 0 0 1 1 0 1 1 0 0