2011-11-15T16:46:12-06:00 2010-12-31 MOSS ADAMS LLP 9665 GRANITE RIDGE DRIVE SUITE 600 SAN DIEGO CA 92123 990 2010-01-01 237203666 THE J DAVID GLADSTONE INSTITUTES JDAV 4157342000 1650 OWENS STREET SAN FRANCISCO CA 94158 JOHN WHITING 4157342000 2011-11-15 1 PATRICIA J MAYER 8586271400 2010 2016-03-07 17:11:31Z X JOHN WHITING 1650 OWENS STREET SAN FRANCISCO CA 94158 97756915 0 X WWW.GLADSTONE.UCSF.EDU X 1972 CA SUPPORTING RESEARCH RELATED TO CARDIOVASCULAR DISEASE; RESEARCH IN VIROLOGY AND IMMUNOLOGY AS THEY RELATE TO THE HUMAN IMMUNODEFICIENCY VIRUS (HIV) AND ACQUIRED IMMUNE DEFICIENCY SYNDROME (AIDS) AND RESEACH ASSOCIATED WITH NEURODEGENERATIVE AND NEUROLOGICAL DISEASES. 3 0 399 85 -179749 -179749 4563021 7266486 54830180 58770072 -17904028 7291198 122484 436817 41611657 73764573 0 0 0 0 30620903 34156788 816476 303701 1114824 44949930 44294273 76387309 78754762 -34775652 -4990189 324818530 338133259 159598466 164000129 165220064 174133130 X SUPPORTING RESEARCH RELATED TO CARDIOVASCULAR DISEASE; RESEARCH IN VIROLOGY AND IMMUNOLOGY AS THEY RELATE TO THE HUMAN IMMUNODEFICIENCY VIRUS (HIV) AND ACQUIRED IMMUNE DEFICIENCY SYNDROME (AIDS) AND RESEACH ASSOCIATED WITH NEURODEGENERATIVE AND NEUROLOGICAL DISEASES. 0 0 24730650 20276088 THE INSTITUTE OF VIROLOGY AND IMMUNOLOGY FOCUSES ITS RESEARCH ON THE HUMAN IMMUNODEFICIENCY VIRUS (HIV) AND THE ACQUIRED IMMUNE DEFICIENCY SYNDROME (AIDS). 23307727 17136672 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. 18491786 13251597 THE INSTITUTE OF NEUROLOGICAL DISEASE FOCUSES ITS RESEARCH ON THE PATHOGENESIS OF ALZHEIMER'S AND OTHER MAJOR NEURODEGENERATIVE DISEASES. 9040878 8105715 THE GLADSTONE CENTER FOR TRANSITIONAL 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. 9040878 8105715 75571041 1 1 0 0 0 0 0 0 1 1 1 0 1 1 1 0 1 0 0 1 0 0 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 103 0 1 399 1 1 1 1 BD 0 0 0 1 1 0 0 0 0 X 3 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 1 1 CA X JOHN WHITING 4157342000 1650 OWENS STREET 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 RICHARD HILLE 40.00 X 326634 0 45519 ROBERT S WILLIAMS 40.00 X 792228 0 70277 HAL ORR 40.00 X 258792 0 47665 DANIEL OSHIRO 40.00 X 274804 0 42624 DEEPAK SRIVASTAVA 40.00 X 666877 0 53710 WARNER GREENE 40.00 X 384203 0 52754 LENNART MUCKE 40.00 X 409381 0 43792 ERIC VERDIN 40.00 X 245716 0 59050 ROBERT MAHLEY 40.00 X 572254 0 49828 5355889 0 465219 12 0 1 0 THE BANCHERO LAW FIRM 20 CALIFORNIA STREET SAN FRANCISCO CA 94111 LEGAL SERVICES 411000 BOZICEVIC FIELD & FRANCIS 235 MONTGOMERY ST 29TH FLOOR SAN FRANCISCO CA 94104 LEGAL SERVICES 299846 SBF CONSULTING 355 FIRST ST 2301 SAN FRANCISCO CA 94105 INTELLECTUAL PROPERTY SERVICES 187213 BRUCE SPAULDING 27 CLAYTON ST SAN FRANCISCO CA 94117 BUSINESS DEVELOPMENT 154000 MOSS-ADAMS LLP 9665 GRANITE RIDGE DRIVE 600 SAN DIEGO CA 92123 ACCOUNTING SERVICES 110000 5 18000 7248486 1320682 7266486 GOVERNMENT CONTRACTS 34866111 34866111 OTHER GRANT INCOME 21911645 21911645 INTELLECTUAL PROPERTY 1114341 1114341 LABRATORY INCOME 877975 877975 58770072 4137842 4137842 3901744 4013556 -111812 -111812 -185214 73402 22822867 288000 19513687 443824 3309180 -155824 3153356 3153356 26000 18000 21275 4725 4725 OTHER REVENUE 504716 504716 BOND PREMIUM 33723 33723 COMMONFUND V K-1 UBTI 3906 3906 1559 1559 543904 73764573 58770072 -179749 7907764 2966115 2233327 732788 23538849 22552618 533032 453199 2324107 2240127 83980 3821034 3612491 56288 152255 1506683 1480552 26131 907768 809852 97046 870 117700 82390 35310 303701 303701 206880 206880 16681137 16548270 59255 73612 6547560 6530884 11161 5515 655516 628783 429 26304 475470 475470 2714274 2661624 21334 31316 1199561 1161286 7255 31020 5816184 5683874 132310 4816044 4815540 504 955115 902906 52209 ANIMALS 2493976 2493976 PRINTING AND PUBLICATIO 311636 300330 11306 OTHER/ACCRUALS 154641 145442 1702 7497 POSTAGE AND SHIPPING 147657 139029 6413 2215 DUES AND SUBSCRIPTIONS 54935 36523 4770 13642 38219 35747 100 2372 78754762 75571041 2068897 1114824 -214033 -16261 4339681 1832094 7834519 8561367 1124130 2086843 11362019 12229274 2106858 1735122 150673504 32406099 123706491 118267405 101478211 110140699 43339821 54043635 1043213 1001064 28697620 28252017 324818530 338133259 5218985 7090866 10707876 6831039 133180000 130505000 1394651 11795111 1500000 7596954 7778113 159598466 164000129 X 157824641 162089927 4895423 7043203 2500000 5000000 165220064 174133130 324818530 338133259 X -4990189 13903255 X 0 1 1 X 1 1 X SAN FRANCISCO GENERAL HOSPITAL SAN FRANCISCO CA RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7395422 7177855 319568 2849642 12043203 5895428 4479742 91225 3070973 7395422 7810494 1182034 3097100 5895428 0.42000 0.58000 0 0 13546625 13546625 56043195 7565300 48477895 50815274 10369721 40445553 29938162 14435484 15502678 330248 35594 294654 118267405 OTHER REAL ESTATE INVESTMENTS 2298304 F IZUMI BIO 62000 F OZ OVERSEAS FUND 448561 F PASSPORT OFFSHORE LTD 1742698 F SANSAR CAPITAL 1217451 F TACONIC OPPORTUNITY CI A 2531705 F FIR TREE INTL VALUE 3399208 F GMT BAY RESOURCE PARTNER OFFSHORE 3288506 F GLENVIEW CAPITAL PARTNERS 2137238 F SANKATY CR OPPORTUNITIES FUND LP 1525539 F SANKATY CR OPPORTUNITIES FUND III 3392963 F MASON CAPITAL LTD 4189037 F HBK INVESTMENTS 2876507 F DAVIDSON KEMPNER 2542307 F VIKING GLOBAL INVESTORS 3962796 F OWL CREEK OVERSEAS FUND 5384883 F ARCHIPELAGO HLDGS LTD (WELLINGTON) 1755347 F MILLENIUM INTERNATIONAL LTD 5247435 F COMMONFUND CEP V 1593271 F LONE STAR FUND VI, LP 3278559 F COMMONFUND CEP VI 1062327 F VENTURE LENDING AND LEASING III 106993 F 54043635 457(B) PLAN ASSETS 322294 DEBT SERVICE RESERVE FUND 9732875 DIVIDEND RECEIVABLE 149659 INTEREST RECEIVABLE 139667 INVESTMENT IN GRE, LLC 17907522 28252017 457(B) TIAA-CREF PLAN LIABILITY 322294 ACCRUED PAYROLL LIABILITY 2075595 BOND INTEREST PAYABLE 1730219 BOND PREMIUM - MISSION BAY DEFERRED INCOME 800912 FLEXIBLE BENEFITS PAYABLE 76137 GARNISHMENTS -955 HEALTH CLAIMS RESERVE 250000 PENSION PAYABLE 2272871 POST-DOC PENSION PLAN PAYABLE 102000 REFUND CLEARING ACCOUNT 13461 TENANT SECURITY DEPOSITS 135579 7778113 73764573 78754762 -4990189 13933331 -30076 13903255 8913066 96011314 13933331 9499374 23432705 72578609 667577 518387 1185964 73764573 88654850 11080587 11080587 77574263 667577 512922 1180499 78754762 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. PART X - FIN 48 FOOTNOTE: THE INSTITUTE 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 2007 FOR ITS FEDERAL FILINGS AND FOR YEARS BEFORE 2006 FOR ITS STATE FILINGS. THE INSTITUTES HAD NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2010 AND 2009. PART XI, LINE 8, RECONCILIATION OF NET ASSETS: COMMONFUND V K-1 UBIT $-3,906 COMMONFUND VI K-1 UBIT $-1,559 OTHER RECONCILING ITEM $-24,611 TOTAL $-30,076 PART XII, LINE 2D, RECONCILIATION OF REVENUE: GRE CONSOLIDATING REVENUE $5,437,142 CONSOLIDATING MINORITY INTEREST $48,676 RENTAL EXPENSE RECLASS $4,013,556 TOTAL $9,499,374 PART XII, LINE 4B, RECONCILIATION OF REVENUE: COMMONFUND V K-1 UBIT $3,906 COMMONFUND VI K-1 UBIT $1,559 BOND INTEREST EXPENSE RELATED TO BOND RESERVE $512,922 TOTAL $518,387 PART XIII, LINE 2D, RECONCILIATION OF REVENUE: GRE CONSOLIDATING REVENUE $6,993,744 CONSOLIDATING MINORITY INTEREST $48,676 RENTAL EXPENSE RECLASS $4,013,556 OTHER RECONCILING ITEM $24,611 TOTAL $11,080,587 PART XIII, LINE 4B, RECONCILIATION OF NET ASSETS: BOND INTEREST EXPENSE RELATED TO BOND RESERVE $512,922 CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 39488727 EUROPE (INCLUDING ICELAND & GREENLAND) INVESTMENTS 1760859 0 0 0 41249586 0 41249586 1 0 0 0 0 0 OTHER INFORMATION SCHEDULE F, PART V CENTRAL AMERICA / CARRIBEAN INVESTMENT BOOK VALUE END-OF-YEAR $38,980,981 INVESTMENT EXPENSE $507,746 TOTAL EXPENDITURES FOR AND INVESTMENTS IN REGION $39,488,727 EUROPE INVESTMENT BOOK VALUE END-OF-YEAR $1,742,698 INVESTMENT EXPENSE $18,161 TOTAL EXPENDITURES FOR AND INVESTMENTS IN REGION $1,760,859 X X X X 1 THE GREENWOOD COMPANY 388 MARKET STREET SUITE 800 SAN FRANCISCO CA 94111 SOLICITATION 0 0 2975 -2975 PODESTA GROUP 1001 G STREET NW SUITE 900 EAST WASHINGTON DC 20001 SOLICITATION 0 0 300727 -300727 303702 -303702 CA STEM CELL LUNCHEON 44000 18000 26000 11846 1000 8429 44000 18000 26000 11846 1000 8429 21275 4725 X X X X 0 0 0 0 0 0 0 0 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 RICHARD HILLE 326634 0 0 0 0 0 36750 0 8769 0 372153 0 0 0 ROBERT S WILLIAMS 600961 0 0 0 191267 0 0 0 70277 0 862505 0 0 0 HAL ORR 240480 0 0 0 18312 0 33569 0 14096 0 306457 0 0 0 DANIEL OSHIRO 259942 0 0 0 14862 0 36750 0 5874 0 317428 0 0 0 DEEPAK SRIVASTAVA 407322 0 25000 0 234555 0 36750 0 16960 0 720587 0 0 0 WARNER GREENE 384203 0 0 0 0 0 36750 0 16004 0 436957 0 0 0 LENNART MUCKE 409381 0 0 0 0 0 36750 0 7042 0 453173 0 0 0 ERIC VERDIN 245716 0 0 0 0 0 36750 0 22300 0 304766 0 0 0 ROBERT MAHLEY 532828 0 20000 0 19426 0 36750 0 13078 0 622082 0 0 0 DEEPAK SRIVASTAVA RELOCATION/HOUSING X 760000 660000 0 1 1 ROBERT S WILLIAMS RELOCATION/HOUSING X 2000000 2000000 0 1 1 2660000 X 1 1309134 MARKET VALUE 0 1 0 THIRD PARTY USE: PART I, LINE 32B: ALL GIFTS MUST SUPPORT THE MISSION OF THE INSTITUTES AND BE CONSISTENT WITH THE HIGH REPUTATION OF INTEGRITY AND EXCELLENCE ENJOYED BY THE INSTITUTES. NON-CASH CONTRIBUTIONS ARE EVALUATED TO ENSURE THEY COMPLY WITH THIS POLICY AND VALUATION IS DETERMINED ACCORDING TO ACCEPTED GUIDELINES. 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, LINE 15: THE COMPENSATION OF THE INSTITUTES TRUSTEES IS REVIEWED AND APPROVED BY THE STATE OF CALIFORNIA SUPERIOR COURT. THE TRUSTEES COMPILE EXECUTIVE MANAGEMENT COMPENSATION DATA FROM SALARY SURVEYS, NON-PROFIT FORM 990'S AND OTHER SOURCES ON ORGANIZATIONS THAT ARE COMPARABLE IN SIZE AND COMPLEXITY TO THE INSTITUTES. THE TRUSTEES APPROVE COMPENSATION FOR THE PRESIDENT AND EXECUTIVE DIRECTOR USING THIS DATA AS A GUIDELINE AND CONTEMPORANEOUS DOCUMANTATION OF THE PROCESS IS MADE. THE INSTITUTES PRESIDENT AND EXECUTIVE DIRECTOR UTILIZE SIMILAR RESOURCES AS GUIDELINES WHEN APPROVING COMPENSATION FOR THE INSTITUTES KEY EMPLOYEES, OTHER OFFICERS AND DIRECT REPORTS. 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 5: NET UNREALIZED GAINS ON INVESTMENTS: 13,933,331. COMMONFUND V K-1 UBIT INCOME ALLOCATION -3,906. COMMONFUND VI K-1 UBIT INCOME ALLOCATION -1,559. OTHER RECONCILING ITEM -24,611. TOTAL TO FORM 990, PART XI, LINE 5: 13,903,255. GLE-I LLC 1650 OWENS STREET SAN FRANCISCO CA 94139 330935568 REAL ESTATE CA N/A GLADSTONE FOUNDATION 1650 OWENS STREET SAN FRANCISCO CA 94139 800688001 FUNDRAISING CA 509(A)(3) 11 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 14040 FOOTHILL MEZZ LLC 18375 VENTURA BLVD STE 611 TARZANA CA 91356 261870981 REAL ESTATE CA N/A 0 0 GRE LLC 1650 OWENS STREET SAN FRANCISCO CA 94158 260331566 REIT DE N/A C -1541037 56483414 0.99000 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 GRE LLC R 750000 CASH GLADSTONE FOUNDATION 50000 N 0 ADMINISTRATIVE SUPPORT FOR FUNDRA GRE LLC P 0 REIMBURSEMENT OF EXPENSE I/C ACCT