2022-08-15T10:58:40-05:00 2021-09-30 PricewaterhouseCoopers LLP 101 SEAPORT BLVD SUITE 500 BOSTON MA 02210 990 2020-10-01 951643307 CALIFORNIA INSTITUTE OF TECHNOLOGY % MATTHEW W BREWER CALI 6263956744 1200 EAST CALIFORNIA BLVD 234-6 PASADENA CA 91125 MATTHEW W BREWER CONTROLLER 6263956744 2022-08-11 true MATTHEW W BREWER 999009999 PAUL TANIS P01441612 6175305000 2022-08-10 2 2020 2022-09-23 18:48:47Z DR THOMAS F ROSENBAUM 1200 EAST CALIFORNIA BLVD PASADENA CA 91125 4348860000 false X www.caltech.edu X 1891 CA SEE SCHEDULE O 68 58 11841 671 25290000 454711000 554641000 2903819000 2680968000 159239000 284798000 4240000 3210000 3522009000 3523617000 97584000 104400000 0 0 1652611300 1720264000 0 0 7668000 1716907700 1451348000 3467103000 3276012000 54906000 247605000 6252584000 7236565000 2975027000 2856058000 3277557000 4380507000 X SEE SCHEDULE O false false 429811000 104275000 189826000 INSTRUCTION, SCHOLARSHIPS, FELLOWSHIPS, AND OTHER STUDENT AID 340028000 0 75455000 ORGANIZED RESEARCH AT THE CAMPUS. 2361658000 0 2361658000 SPONSORED RESEARCH AT THE JET PROPULSION LABORATORY. 29550000 125000 54029000 3161047000 true true false true false false false true true true true true false false true true true false true true true false true false false false false true true true true false false false false false false true false true true true false false false true true true true false false true 1713 0 true 11841 true true true true CI false false false false false false false false true true X 68 58 true false false false false false false true true false false true true true true true true true true false CA IL X MATTHEW W BREWER 6263958818 1200 EAST CALIFORNIA BLVD 234-6 pasadena CA 91125 X THOMAS F ROSENBAUM PRESIDENT/TRUSTEE 40.0 0.0 X X 1394670 0 115561 SCOTT H RICHLAND CHIEF INVESTMENT OFFICER 40.0 0.0 X 1300922 0 80004 PASY ISABELLA WANG SR MG DIR OF INVESTMENTS 40.0 0.0 X 796694 0 290792 MICHAEL M WATKINS VP & DIR, JPL 40.0 0.0 X 839068 0 58605 MARGARET A STEURBAUT VP ADMIN & CFO 40.0 0.0 X 738491 0 59757 DOUGLAS N MACBEAN MANAGING DIR., INVESTMENTS 40.0 0.0 X 586772 0 201902 DEXTER A BAILEY VP ADV & ALUMNI REL 40.0 0.0 X 710061 0 62605 DAVID A TIRRELL PROVOST 40.0 0.0 X 695872 0 56754 JENNIFER T LUM GENERAL COUNSEL 40.0 0.0 X 609140 0 100995 ROBERT BRAUN DIR. PLANETARY SCIENCE, JPL 40.0 0.0 X 639102 0 64408 LARRY DEAN JAMES DEPUTY DIRECTOR OF JPL 40.0 0.0 X 623902 0 45354 EDWARD C STONE PROFESSOR, VICE PROVOST 40.0 0.0 X 488691 0 64723 KIRK KAWASAWA SR MG DIR OF INVESTMENTS 40.0 0.0 X 485927 0 57022 EDWARD M STOLPER PROFESSOR, FORMER PROVOST 40.0 0.0 X 478393 0 58537 DIANA JERGOVIC VP STRATEGY IMPLEMENTATION 40.0 0.0 X 429203 0 47645 SHARON E PATTERSON ASSOC. VP FOR FIN. & TREAS. 40.0 0.0 X 409775 0 56324 SAMMY KAYALI CFO/MGR LAB OPS AS OF 7/20 40.0 0.0 X 380586 0 72881 JOSEPH E SHEPHERD FRMR VP STUDENT AFF. 40.0 0.0 X 353126 0 74313 MARC J GOETTEL DIR. BUS OPS, JPL UNTIL 7/20 40.0 0.0 X 336987 0 68638 MATTHEW W BREWER CONTROLLER 40.0 0.0 X 291907 0 67500 RENE FRADET FRMR CFO, JPL UNTIL 7/20 40.0 0.0 X 277541 0 56799 KEVIN M GILMARTIN VP STUDENT AFF. 40.0 0.0 X 241488 0 64067 CAROL J SCHUIL EA TO PRES/ASST. SEC. 32.0 0.0 X 243635 0 54888 ARTURO AGUAYO ASSISTANT TREASURER 40.0 0.0 X 186271 0 46564 CHARLES ELACHI DIRECTOR JPL, EMERITUS 40.0 0.0 X 174930 0 0 SPENCER ABRAHAM TRUSTEE UNTIL 6/21 2.0 0.0 X 0 0 0 WILLIAM A AHMANSON TRUSTEE 2.0 0.0 X 0 0 0 SEAN BAILEY TRUSTEE 2.0 0.0 X 0 0 0 BARBARA M BARRETT TRUSTEE 2.0 0.0 X 0 0 0 REBECKA BELLDEGRUN TRUSTEE 4.0 0.0 X 0 0 0 SABEER BHATIA TRUSTEE UNTIL 6/21 2.0 0.0 X 0 0 0 GORDON M BINDER SENIOR TRUSTEE 2.0 0.0 X 0 0 0 ROBERT C BONNER SENIOR TRUSTEE 6.0 0.0 X 0 0 0 LYNN A BOOTH SENIOR TRUSTEE 2.0 0.0 X 0 0 0 BRIGITTE M BREN TRUSTEE 5.0 0.0 X 0 0 0 JANET C CAMPAGNA TRUSTEE 12.0 0.0 X 0 0 0 MILTON M CHANG SENIOR TRUSTEE 2.0 0.0 X 0 0 0 DAVID E CHAVEZ TRUSTEE 2.0 0.0 X 0 0 0 JOHN S CHEN TRUSTEE 1.0 0.0 X 0 0 0 WENCHI CHEN TRUSTEE UNTIL 6/21 3.5 0.0 X 0 0 0 PEGGY T CHERNG SENIOR TRUSTEE 1.0 0.0 X 0 0 0 ROBERT B CHESS TRUSTEE 4.0 0.0 X 0 0 0 FRANCE A CORDOVA SENIOR TRUSTEE 2.0 0.0 X 0 0 0 WILLIAM H DAVIDOW SENIOR TRUSTEE 4.0 0.0 X 0 0 0 DAVID T DREIER TRUSTEE 2.0 0.0 X 0 0 0 LOUNETTE M DYER TRUSTEE 3.0 0.0 X 0 0 0 THOMAS E EVERHART SENIOR TRUSTEE 4.0 0.0 X 0 0 0 JOSHUA S FRIEDMAN TRUSTEE 4.0 0.0 X 0 0 0 WILLIAM T GROSS TRUSTEE 2.0 0.0 X 0 0 0 NARENDRA K GUPTA SENIOR TRUSTEE 2.0 0.0 X 0 0 0 B KIPLING HAGOPIAN SENIOR TRUSTEE 2.0 0.0 X 0 0 0 FREDERICK J HAMEETMAN SENIOR TRUSTEE 2.0 0.0 X 0 0 0 DAVID D HO TRUSTEE 2.0 0.0 X 0 0 0 MARIA D HUMMER-TUTTLE SENIOR TRUSTEE 2.0 0.0 X 0 0 0 BOBBY R INMAN SENIOR TRUSTEE 4.0 0.0 X 0 0 0 ROBERT T JENKINS SENIOR TRUSTEE 3.0 0.0 X 0 0 0 ANN S JOHNSON TRUSTEE UNTIL 6/21 2.0 0.0 X 0 0 0 G BRADFORD JONES TRUSTEE 2.0 0.0 X 0 0 0 PETER D KAUFMAN TRUSTEE 2.0 0.0 X 0 0 0 MASSI JOSEPH E KIANI TRUSTEE 2.0 0.0 X 0 0 0 LOUISE KIRKBRIDE TRUSTEE 5.0 0.0 X 0 0 0 WALTER G KORTSCHAK TRUSTEE 2.0 0.0 X 0 0 0 KENT KRESA SENIOR TRUSTEE 2.0 0.0 X 0 0 0 JON B KUTLER TRUSTEE 7.0 0.0 X 0 0 0 TAYLOR W LAWRENCE TRUSTEE 4.0 0.0 X 0 0 0 DAVID LI LEE CHAIR/TRUSTEE 10.0 0.0 X X 0 0 0 ALEXANDER LIDOW TRUSTEE 4.0 0.0 X 0 0 0 RONALD K LINDE VICE CHAIR/SENIOR TRUSTEE 25.0 0.0 X X 0 0 0 A MICHAEL LIPPER SENIOR TRUSTEE 4.0 0.0 X 0 0 0 LI LU TRUSTEE 2.0 0.0 X 0 0 0 SHIRLEY M MALCOM SENIOR TRUSTEE 4.0 0.0 X 0 0 0 FARIBORZ MASEEH TRUSTEE 3.0 0.0 X 0 0 0 MICH J MATHEWS-SPRADLIN TRUSTEE 2.0 0.0 X 0 0 0 DEBORAH D MCWHINNEY TRUSTEE 8.0 0.0 X 0 0 0 ALEXANDER R MEHRAN SR TRUSTEE 2.0 0.0 X 0 0 0 RICHARD N MERKIN SENIOR TRUSTEE 2.0 0.0 X 0 0 0 KENNETH G MOORE TRUSTEE 2.0 0.0 X 0 0 0 MICHAEL G MULLEN SENIOR TRUSTEE 20.0 0.0 X 0 0 0 PHILIP M NECHES TRUSTEE 8.0 0.0 X 0 0 0 PATRICK H NETTLES JR SENIOR TRUSTEE 2.0 0.0 X 0 0 0 PETER NORTON SENIOR TRUSTEE 2.0 0.0 X 0 0 0 RONALD L OLSON SENIOR TRUSTEE 2.0 0.0 X 0 0 0 STEPHEN R ONDERDONK SENIOR TRUSTEE 2.0 0.0 X 0 0 0 PEDRO J PIZARRO TRUSTEE 2.0 0.0 X 0 0 0 DAVID E I PYOTT TRUSTEE 2.0 0.0 X 0 0 0 EDUARDO A REPETTO TRUSTEE 2.0 0.0 X 0 0 0 STEWART A RESNICK SENIOR TRUSTEE 2.0 0.0 X 0 0 0 RICHARD H SCHELLER TRUSTEE 1.0 0.0 X 0 0 0 TIMOTHY J SLOAN TRUSTEE 4.0 0.0 X 0 0 0 MASON SMITH TRUSTEE 2.0 0.0 X 0 0 0 DONALD W TANG TRUSTEE 2.0 0.0 X 0 0 0 KEVIN M TAWEEL TRUSTEE UNTIL 6/21 2.0 0.0 X 0 0 0 DAVID W THOMPSON TRUSTEE 10.0 0.0 X 0 0 0 CHARLES R TRIMBLE SENIOR TRUSTEE 2.0 0.0 X 0 0 0 LEWIS W VAN AMERONGEN SENIOR TRUSTEE 1.0 0.0 X 0 0 0 WALTER L WEISMAN SENIOR TRUSTEE UNTIL 6/21 4.0 0.0 X 0 0 0 RICHMOND A WOLF TRUSTEE 2.0 0.0 X 0 0 0 SUZANNE H WOOLSEY SENIOR TRUSTEE 8.0 0.0 X 0 0 0 CATHY LIGHT SEC, BOARD OF TTEE AS OF 1/21 40.0 0.0 X 0 0 0 13713154 0 1926638 6061 true true false APPLIED PHYSICS LABORATORY 11100 JOHNS HOPKINS ROAD LAUREL MD 207236099 RESEARCH & DEVELOP 150871968 HENSEL PHELPS CONSTRUCTION CO 420 6TH AVENUE GREELEY CO 80631 CONSTRUCTION 69095361 COLUMBUS TECHNOLOGIES AND SERVICES 1960 EAST GRAND AVE STE 100 EL SEGUNDO CA 90245 INFORMATION TECH 59797435 MANTECH ADVANCED SYSTEMS 12015 LEE JACKSON HIGHWAY FAIRFAX VA 220333300 INFORMATION TECH 58462603 BALL AEROSPACE TECHNOLOGIES CORP 33306 COLLECTION CENTER DRIVE CHICAGO IL 609930333 AEROSPACE 56566399 1064 305753000 248888000 65456402 554641000 JPL AND OTHER AWARDS 900099 2497882000 2497882000 STUDENT TUITION 611600 123208000 123208000 USE OF FACILITIES 900099 15849000 15849000 SALES AND SERVICES 900099 44029000 38084000 1417000 4528000 2680968000 66955000 23802000 43153000 0 3002000 3002000 142000 5000 137000 0 137000 137000 1042889000 192000 825006000 232000 217883000 -40000 217843000 217843000 0 0 0 0 0 0 0 0 0 ADVERTISING & FILMING 900099 71000 71000 71000 3523617000 2675023000 25290000 268663000 X 125000 125000 104213000 104213000 62000 62000 0 0 12091000 3801000 7516000 774000 2855000 2394000 312000 149000 1357945000 1312339000 36654000 8952000 129715000 125587000 3317000 811000 131257000 117744000 10909000 2604000 86401000 83654000 2177000 570000 0 10149000 4449000 5700000 0 1075000 0 1075000 0 357000 0 357000 0 0 16003000 0 16003000 0 21905000 16246000 4193000 1466000 377000 199000 108000 70000 387632000 379275000 6730000 1627000 6827000 5806000 1014000 7000 484000 478000 6000 0 56366000 48660000 7484000 222000 7189000 7099000 38000 52000 0 1012000 859000 128000 25000 56082000 55145000 863000 74000 0 90319000 87437000 2654000 228000 4882000 4823000 59000 CONTRACT SERVICES 823159000 823159000 JPL POST EMPLYMNT OBLIGATION -22507000 -22507000 ENDOWMENT RECOVERY -9963000 -9963000 3276012000 3161047000 107297000 7668000 X 0 0 341945000 367268000 159458000 192234000 295957000 279495000 0 0 0 0 1582865 425938 0 0 610364000 598285000 2380426000 1221273000 1168276000 1159153000 1793323000 2076150000 1881678135 2563554062 0 0 0 0 0 0 6252584000 7236565000 708340000 650734000 0 0 54121000 70331000 195000000 195000000 89498000 107903000 0 0 0 0 1473052000 1429307000 455016000 402783000 2975027000 2856058000 X 430676000 702037000 2846881000 3678470000 3277557000 4380507000 6252584000 7236565000 X 247605000 862818000 -7473000 X X false true X true true true X 509166000 378769000 398568000 454711000 554641000 2295855000 0 0 509166000 378769000 398568000 454711000 554641000 2295855000 93607453 2202247547 46462000 5728000 62359000 31611000 46297000 192457000 0 0 2488312000 14044377000 0.88504 0.86102 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 399441 false false 399441 false LOBBYING ACTIVITY EXPLANATION SCHEDULE C, PART II-B THE INSTITUTE RETAINS A CONSULTING FIRM TO MONITOR LEGISLATIVE DEVELOPMENTS AND TO COUNSEL IT ON GOVERNMENT RELATIONS MATTERS. THE CONSULTANT MAY ESTABLISH DIRECT CONTACT WITH LEGISLATORS, THEIR STAFFS, GOVERNMENT OFFICIALS, AND LEGISLATIVE BODIES AND ENGAGE IN COMMUNICATION WHICH MAY BE CONSIDERED COMMUNICATION WHICH ATTEMPTS TO INFLUENCE LEGISLATION. FURTHER, THE INSTITUTE'S STAFF IN THE COURSE OF NECESSARY COMMUNICATIONS WITH GOVERNMENT OFFICIALS AND INFORMATIONAL PUBLIC EDUCATION ACTIVITIES, MAY FROM TIME TO TIME ENGAGE IN COMMUNICATION WHICH MAY BE CONSIDERED TO INFLUENCE LEGISLATION. TOTAL LOBBYING EXPENDITURES INCLUDE THE TOTAL OF ALL EXPENDITURES IN ALL ACCOUNTS THAT THE INSTITUTE BELIEVES MAY POTENTIALLY HAVE ANY RELATIONSHIP TO LOBBYING. THIS AMOUNT INCLUDES ALL OFFICE BUDGET EXPENDITURES OF THE INSTITUTE'S OFFICE OF EXTERNAL RELATIONS THAT ARE EXPENDED FOR LOBBYING ACTIVITIES. THE INSTITUTE IS A MEMBER OF CERTAIN PROFESSIONAL AND ACADEMIC ORGANIZATIONS THAT HAVE REGISTERED TO LOBBY ON BEHALF OF MEMBERSHIP. ALTHOUGH A SMALL PORTION OF THE INSTITUTE'S MEMBERSHIP DUES MAY BE USED FOR LOBBYING, THE AMOUNT IS IMMATERIAL. CALTECH'S MEMBERSHIP IN THESE ORGANIZATIONS IS FOR THE PURPOSE OF HAVING ACCESS TO THE MOST CURRENT INFORMATION ON GOVERNMENT AND BUSINESS DEVELOPMENTS AS THEY RELATE TO COLLEGES AND UNIVERSITIES AND NOT FOR ANY LOBBYING EFFORT. X X false false true X 3100590000 111502000 1003390000 30026000 110022000 33868000 4041566000 2986660000 70073000 213522000 29172000 109185000 31308000 3100590000 2906200000 91270000 149358000 27576000 103105000 29487000 2986660000 2638177000 160741000 257370000 26548000 95656000 27884000 2906200000 2251420000 184834000 343179000 25990000 92264000 23002000 2638177000 0.21110 0.78540 0.00350 false false 0 48134000 48134000 1590249000 697468000 892781000 672363000 523805000 148558000 0 69680000 69680000 1159153000 ALTERNATIVE SECURITIES 1163674000 F PRIVATE EQUITY 961839000 F REAL ASSETS 438041062 F 2563554062 0 ACCUMULATED POST RET. BENEFIT 402783000 402783000 X 4287878000 862818000 -98557000 764261000 3523617000 3523617000 3167670000 3167670000 16003000 92339000 108342000 3276012000 SCHEDULE D, PART III, LINE 1A THE INSTITUTE DOES NOT CAPITALIZE ITS COLLECTION ITEMS. DUE TO THE IMMATERIALITY OF THE EFFECT OF COLLECTIONS PRACTICES ON ITS FINANCIAL STATEMENTS, THE INSTITUTE DOES NOT DISCLOSE ITS COLLECTIONS POLICIES. SCHEDULE D, PART III, LINE 4 CALTECH MAINTAINS A COLLECTION OF INSTITUTIONAL RECORDS, DOCUMENTS, ARTIFACTS, AND SPECIMENS FOR HISTORICAL PRESERVATION, INSTRUCTION, AND SCHOLARLY RESEARCH. SCHEDULE D, PART IV, LINE 2B THE INSTITUTE IS THE TRUSTEE OF DONOR ANNUITIES AND TRUST AGREEMENTS AND MANAGES CERTAIN INVESTMENT FUNDS FOR OTHERS, SUCH AS RELATED ORGANIZATIONS. SCHEDULE D, PART V, LINE 4 THE INSTITUTE'S ENDOWMENT IS COMPRISED OF DONOR-RESTRICTED AND BOARD-DESIGNATED FUNDS HELD FOR LONG-TERM INVESTMENT. THROUGH AN ANNUAL SPENDING ALLOCATION, THE ENDOWMENT SUPPORTS THE MISSION OF EDUCATION AND RESEARCH AND GENERAL OPERATING ACTIVITIES OF THE INSTITUTE. THE INSTITUTE'S ENDOWMENT SPENDING POLICY INCLUDES A BOARD OF TRUSTEES-APPROVED ENDOWMENT SPENDING FORMULA WHICH TAKES INTO CONSIDERATION THE PRIOR YEAR'S SPENDING, INFLATION FACTORS, AND ENDOWMENT GROWTH. THE INSTITUTE INVESTS ENDOWMENT ASSETS TARGETED TO EARN AN AVERAGE ANNUAL TOTAL RETURN THAT EXCEEDS INFLATION BY AT LEAST THE AMOUNT REQUIRED TO SUPPORT THE ENDOWMENT SPENDING. ALL ENDOWMENT ASSETS ARE HELD IN THE INVESTMENT POOL UNLESS SPECIAL CONSIDERATIONS OR DONOR STIPULATIONS REQUIRE THAT THEY BE INVESTED SEPARATELY. TOTAL RETURN INCLUDES BOTH CAPITAL APPRECIATION/DEPRECIATION (REALIZED AND UNREALIZED GAINS/LOSSES) AND INVESTMENT INCOME (INCLUDING INTEREST, DIVIDENDS, AND ROYALTIES). THE INSTITUTE TARGETS A DIVERSIFIED ASSET ALLOCATION, INCLUDING INVESTMENTS IN BOTH PUBLIC MARKETS AND IN ALTERNATIVE INVESTMENTS, WITHIN RISK CONSTRAINTS DEEMED TO BE PRUDENT. SCHEDULE D, PART VII, LINE 3A ALTERNATIVE SECURITIES INCLUDE, BUT ARE NOT LIMITED TO, SUBSTANTIAL INVESTMENT HOLDINGS THAT ARE ILLIQUID AND/OR CONTAIN VARIOUS REDEMPTION RESTRICTIONS. SCHEDULE D, PART X, LINE 2 THE INSTITUTE IS GENERALLY EXEMPT FROM FEDERAL TAXES ON INCOME RELATED TO ITS CHARITABLE PURPOSE UNDER THE PROVISIONS OF IRC SECTION 501(C)(3) AND FROM CALIFORNIA AND OTHER STATE INCOME TAXES UNDER CORRESPONDING STATE LAWS. THE INSTITUTE IS SUBJECT TO BOTH FEDERAL AND STATE INCOME TAXES ON INCOME FROM CERTAIN ACTIVITIES NOT SUBSTANTIALLY RELATED TO ITS EXEMPT PURPOSE. AT SEPTEMBER 30, 2021 AND 2020, THE INSTITUTE MAINTAINED A FULL VALUATION ALLOWANCE ON ITS DEFERRED TAX ASSETS. THE VALUATION ALLOWANCE REDUCED NET DEFERRED TAX ASSETS, WHICH ARE PRIMARILY DUE TO TAX LOSSES FROM CERTAIN INVESTMENT ACTIVITIES, TO A VALUE OF $0. BASED ON ITS ANALYSIS OF THE UNCERTAINTIES SURROUNDING BOTH THE TIMING AND AMOUNTS OF POTENTIAL FUTURE NET TAXABLE INCOME, THE INSTITUTE HAS ASSUMED THAT IT IS MORE LIKELY THAN NOT THAT THE INSTITUTE WILL NOT REALIZE THE DEFERRED TAX ASSETS. THE INSTITUTE HAS NOT PROVIDED FOR ANY UNCERTAIN TAX POSITIONS AT SEPTEMBER 30, 2021 AND 2020. THE FEDERAL TAX CUTS AND JOBS ACT ("TCJA") OF 2017 INCLUDES SEVERAL PROVISIONS THAT IMPACT THE INSTITUTE, INCLUDING AN EXCISE TAX ON NET INVESTMENT INCOME AND REVISED METHODS FOR CALCULATING UNRELATED BUSINESS INCOME. AT SEPTEMBER 30, 2021 AND 2020, THE INSTITUTE RECORDED $15,715 AND $0, RESPECTIVELY, IN DEFERRED TAX LIABILITIES RELATED TO THE EXCISE TAX ON NET INVESTMENT INCOME. SCHEDULE D, PART XI, LINE 2D RECLASSIFY FINANCIAL AID NETTED WITH TUITION (92,339,000) CHANGES IN FAIR VALUE OF INTEREST RATE SWAP 19,748,000 ENDOWMENT RECOVERY (9,963,000) INVESTMENT MANAGEMENT FEES (16,003,000) -------------- TOTAL (98,557,000) ============== SCHEDULE D, PART XII, LINE 4B FINANCIAL AID EXPENSES 92,339,000 ------------ TOTAL 92,339,000 ============ true true false true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 THE INSTITUTE CUSTOMARILY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS ON A NATIONWIDE AND WORLDWIDE BASIS AND FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY. THE INSTITUTE INCLUDES A STATEMENT OF ITS RACIALLY NONDISCRIMINATORY POLICY IN ITS BROCHURES AND CATALOGUES DEALING WITH STUDENT ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS. THEREFORE, CALTECH IS IN COMPLIANCE WITH SECTIONS 4.02 AND 4.03 OF IRS REVENUE PROCEDURE 75-50. SCHEDULE E, LINE 6A THE INSTITUTE RECEIVES GRANTS AND ENTERS INTO CONTRACTS WITH VARIOUS AGENCIES OF THE U.S. GOVERNMENT, THE STATE OF CALIFORNIA, AND LOCAL GOVERNMENT UNITS FOR RESEARCH, TRAINING, AND STUDENT AID. true Central America and the Caribbean Investments 1474602575 Central America and the Caribbean Program Services Scientific Research 72423 East Asia and the Pacific Investments 11919873 East Asia and the Pacific Program Services Scientific Research 1208811 Europe Investments 161652320 Europe 4 23 Program Services Scientific Research 37332071 Middle East and North Africa Investments 7026471 Middle East and North Africa Program Services Scientific Research 247586 North America Investments 2823045 North America Program Services Scientific Research 8347100 Russia/Independent States Investments 1862057 Russia/Independent States Program Services Scientific Research 2354 South America Investments 3979592 South America Program Services Scientific Research 24097 South Asia Investments 656618 South Asia Program Services Scientific Research 97802 Sub-Saharan Africa Investments 4176625 Sub-Saharan Africa Program Services Scientific Research 61810 4 23 4 23 1716031420 61810 1716093230 STUDY ABROAD Europe (Including Iceland and Greenland) 9 62109 WIRE TRANSFE true false true true true true SCHEDULE F, PART I, LINES 1 AND 2 RECORDS FOR THE INSTITUTE'S STUDY ABROAD PROGRAM ARE MAINTAINED BY THE OFFICE OF FELLOWSHIPS ADVISING AND STUDY ABROAD. THIS OFFICE IS RESPONSIBLE FOR MONITORING THE USE OF FUNDS UNDER ESTABLISHED GUIDELINES. SCHEDULE F, PART I, LINE 3 THE ORGANIZATION IS ABLE TO IDENTIFY EXPENDITURES THROUGH ITS BOOKS AND RECORDS. EXPENDITURES FOR ALL PROGRAM SERVICES ARE MADE AT FAIR VALUE WITH THE OBJECTIVE OF OBTAINING THE BEST RATES AVAILABLE. THE INSTITUTE'S INVESTMENT OFFICE IS RESPONSIBLE FOR ALL FOREIGN AND DOMESTIC INVESTMENTS. ALL INVESTMENTS ARE MADE AT FAIR MARKET VALUE (FMV). SCHEDULE F, PARTS I & III EXPENDITURES PER REGION ARE REPORTED ON AN ACCRUAL BASIS, WHICH IS THE METHOD USED TO ACCOUNT FOR THEM IN THE ORGANIZATION'S BOOKS AND RECORDS. true CALTECH Y 1200 E CALIFORNIA BLVD PASADENA CA 91125 951684790 501(C)(3) 75000 ASSIST RELATED ORG. UNITED WAY GREATER LOS ANGELES 1150 S OLIVE ST LOS ANGELES CA 90015 952274801 501(C)(3) 50000 DESIGNATED ASSISTANCE 2 STUDENT AID 1768 104213000 SCHEDULE I, PART I, LINE 2 THE INSTITUTE'S GRANTS AND ASSISTANCE WITHIN THE UNITED STATES CONSISTS PRIMARILY OF SCHOLARSHIPS AND FELLOWSHIPS AWARDED TO STUDENTS. STUDENTS ARE SELECTED FOR SCHOLARSHIPS AND FELLOWSHIPS BASED ON ACADEMIC ACHIEVEMENT, FINANCIAL NEEDS, AND SIMILAR STANDARDS. VARIOUS INSTITUTE OFFICES MONITOR ELIGIBILITY AND SATISFACTORY ACADEMIC PROGRESS BY GRANTEES. THE INSTITUTE MAKES AN ANNUAL $75,000 GRANT TO THE CALTECH Y. IN ADDITION, THE INSTITUTE ALLOWS THE CALTECH Y THE USE OF FACILITIES ON CAMPUS FREE OF CHARGE. THE CALTECH Y IS A RELATED ORGANIZATION WHOSE MISSION IS TO SUPPORT THE STUDENTS OF CALTECH THROUGH VARIOUS ACTIVITIES. THE INSTITUTE MAKES AN ANNUAL DONATION (DESIGNATED ASSISTANCE) TO THE UNITED WAY OF GREATER LOS ANGELES. INSTITUTE OFFICES MONITOR THE GRANTEES' PERFORMANCE ACCORDING TO THEIR RESPECTIVE PROGRAM SERVICES GOALS AND/OR PURSUANT TO OTHER AGREEMENTS. SCHEDULE I, PART III COLUMN (C) CASH GRANTS REPRESENT CREDIT ON ACCOUNTS. X X X true true X X X false true false false false false false true false SHARON E PATTERSON ASSOC. VP FOR FIN. & TREAS. 397775 0 0 0 12000 0 38701 0 17623 0 466099 0 0 0 ARTURO AGUAYO ASSISTANT TREASURER 185906 0 0 0 365 0 19451 0 27113 0 232835 0 0 0 SAMMY KAYALI CFO/MGR LAB OPS AS OF 7/20 341388 0 20000 0 19198 0 43451 0 29430 0 453467 0 0 0 SCOTT H RICHLAND CHIEF INVESTMENT OFFICER 538401 0 743021 0 19500 0 43451 0 36553 0 1380926 0 689475 0 MATTHEW W BREWER CONTROLLER 291424 0 0 0 483 0 32051 0 35449 0 359407 0 0 0 LARRY DEAN JAMES DEPUTY DIRECTOR OF JPL 482737 0 119385 0 21780 0 43451 0 1903 0 669256 0 0 0 MARC J GOETTEL DIR. BUS OPS, JPL UNTIL 7/20 309987 0 7500 0 19500 0 43451 0 25187 0 405625 0 0 0 ROBERT BRAUN DIR. 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SEC. 243218 0 0 0 417 0 32291 0 22597 0 298523 0 0 0 CHARLES ELACHI DIRECTOR JPL, EMERITUS 174930 0 0 0 0 0 0 0 0 0 174930 0 0 0 RENE FRADET FRMR CFO, JPL UNTIL 7/20 262003 0 0 0 15538 0 27167 0 29632 0 334340 0 0 0 JOSEPH E SHEPHERD FRMR VP STUDENT AFF. 352552 0 0 0 574 0 43451 0 30862 0 427439 0 0 0 JENNIFER T LUM GENERAL COUNSEL 588985 0 0 0 20155 0 43451 0 57544 0 710135 0 0 0 DOUGLAS N MACBEAN MANAGING DIR., INVESTMENTS 290099 0 280236 0 16437 0 172051 0 29851 0 788674 0 0 0 EDWARD M STOLPER PROFESSOR, FORMER PROVOST 458893 0 0 0 19500 0 43451 0 15086 0 536930 0 0 0 EDWARD C STONE PROFESSOR, VICE PROVOST 361420 0 0 0 127271 0 43451 0 21272 0 553414 0 0 0 DAVID A TIRRELL PROVOST 695872 0 0 0 0 0 43451 0 13303 0 752626 0 0 0 PASY ISABELLA WANG SR MG DIR OF INVESTMENTS 356072 0 420468 0 20154 0 249551 0 41241 0 1087486 0 387417 0 KIRK KAWASAWA SR MG DIR OF INVESTMENTS 277299 0 208088 0 540 0 32051 0 24971 0 542949 0 0 0 THOMAS F ROSENBAUM PRESIDENT/TRUSTEE 1394094 0 0 576 0 43451 0 72110 0 1510231 0 0 0 MICHAEL M WATKINS VP & DIR, JPL 582067 0 236925 0 20076 0 43451 0 15154 0 897673 0 0 0 MARGARET A STEURBAUT VP ADMIN & CFO 718415 0 0 0 20076 0 43451 0 16306 0 798248 0 0 0 DEXTER A BAILEY VP ADV & ALUMNI REL 619212 0 0 0 90849 0 32051 0 30554 0 772666 0 0 0 DIANA JERGOVIC VP STRATEGY IMPLEMENTATION 428627 0 0 0 576 0 32051 0 15594 0 476848 0 0 0 KEVIN M GILMARTIN VP STUDENT AFF. 241027 0 0 0 461 0 36349 0 27718 0 305555 0 0 0 SCHEDULE J, PART I, LINE 1A FIRST CLASS TRAVEL: PURSUANT TO A WRITTEN POLICY, FIRST CLASS OR BUSINESS TRAVEL IS PERMITTED FOR CERTAIN EMPLOYEES UNDER CERTAIN CIRCUMSTANCES FOR BUSINESS PURPOSES. DURING CALENDAR YEAR 2020, TWO OFFICERS AND ONE HIGHLY COMPENSATED INDIVIDUAL RECEIVED FIRST CLASS OR CHARTER TRAVEL BENEFITS. TRAVEL FOR BUSINESS PURPOSES IS NOT INCLUDED IN TAXABLE WAGES. TAX INDEMNIFICATION AND GROSS UP PAYMENTS: DURING CALENDAR YEAR 2020, ONE HIGHEST COMPENSATED EMPLOYEE RECEIVED TAX INDEMNIFICATION AND GROSS-UP PAYMENTS. HOUSING ALLOWANCE: HOUSING ALLOWANCES ARE PROVIDED TO CERTAIN OFFICERS, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES AS PART OF THE INSTITUTE'S SALARY SUPPLEMENT HOUSING PROGRAM, WHICH IS GOVERNED BY A WRITTEN POLICY. DURING CALENDAR YEAR 2020, TWO OFFICERS AND ONE HIGHEST COMPENSATED EMPLOYEE RECEIVED HOUSING ALLOWANCE BENEFITS. PAYMENTS UNDER THIS PROGRAM ARE INCLUDED IN TAXABLE WAGES. THE PRESIDENT OCCUPIES AN INSTITUTE-OWNED RESIDENCE ON ITS CAMPUS AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE INSTITUTE. THE PRESIDENT'S NONTAXABLE BENEFITS IN SCHEDULE J, PART II, COLUMN (D) INCLUDE $57,068, AN ESTIMATE OF THE ANNUAL RENTAL VALUE OF THE PERSONAL SPACE OCCUPIED IN THAT RESIDENCE. SCHEDULE J, PART I, LINE 4B TERMS AND CONDITIONS OF DEFERRED PERFORMANCE COMPENSATION PLANS FOR INVESTMENT PROFESSIONALS: IN 2011, THE INSTITUTE ESTABLISHED A PERFORMANCE COMPENSATION PLAN ("PLAN") TO ASSIST WITH RECRUITMENT AND RETENTION FOR ITS INVESTMENT OFFICE. UNDER THE TERMS OF THE PLAN, PARTICIPANTS ARE ELIGIBLE FOR CERTAIN AWARDS BASED ON THE PERFORMANCE OF THE INSTITUTE'S INVESTMENT OFFICE EACH CALENDAR YEAR, AS MEASURED BY CERTAIN QUANTITATIVE AND QUALITATIVE FACTORS. IN 2017, THE PLAN WAS SPLIT INTO TWO SEPARATE PERFORMANCE COMPENSATION PLANS, ONE FOR THE CHIEF INVESTMENT OFFICER AND ONE FOR THE INVESTMENT OFFICE STAFF. DURING CALENDAR YEAR 2020, FOUR INDIVIDUALS REPORTED IN SCHEDULE J - SCOTT RICHLAND, PASY WANG, DOUGLAS MACBEAN, AND KIRK KAWASAWA, RECEIVED SUCH COMPENSATION. SCOTT RICHLAND PARTICIPATES IN THE CHIEF INVESTMENT OFFICER PERFORMANCE COMPENSATION PLAN, WHILE PASY WANG, DOUGLAS MACBEAN AND KIRK KAWASAWA PARTICIPATE IN THE INVESTMENT OFFICE STAFF PERFORMANCE COMPENSATION PLAN. UNDER BOTH PLANS, 50% OF THE AWARDS ARE PAID AFTER THE CONCLUSION OF THE PLAN YEAR (WHICH COINCIDES WITH THE CALENDAR YEAR), WHILE THE REMAINING 50% OF EACH YEAR'S AWARD IS DEFERRED, VESTS AND IS PAID IN THREE ANNUAL INSTALLMENTS, AS ADJUSTED BY THE POSITIVE OR NEGATIVE PERFORMANCE OF THE ENDOWMENT EACH YEAR. IN ADDITION, UNDER CERTAIN CIRCUMSTANCES, SUBJECT TO A MINIMUM NUMBER OF YEARS OF PARTICIPATION IN THE PLAN, PREVIOUSLY DEFERRED, BUT UNVESTED AMOUNTS MAY BE PAID TO THE PARTICIPANT BASED UPON THEIR AGE AND LENGTH OF SERVICE ("SPECIAL VESTING"). NO SPECIAL VESTING OCCURRED FOR ANY PARTICIPANTS DURING CALENDAR YEAR 2020. SCOTT RICHLAND'S, PASY WANG'S, DOUGLAS MACBEAN'S, AND KIRK KAWASAWA'S INDIVIDUAL AMOUNTS IN COLUMN B(II), "BONUS AND INCENTIVE COMPENSATION," COMPRISE PLAN CASH AMOUNTS PAID PURSUANT TO THE PLANS DURING CALENDAR YEAR 2020 AND REPRESENT THE AGGREGATE OF 50% OF EACH EMPLOYEES' RESPECTIVE AWARD FROM CALENDAR YEAR 2019 AND INSTALLMENTS FROM AMOUNTS DEFERRED FROM PLAN YEARS 2016-2018. AMOUNTS IN COLUMN C (RETIREMENT AND OTHER DEFERRED COMPENSATION) INCLUDE DEFERRED INCENTIVE COMPENSATION AWARDS EARNED IN CALENDAR YEAR 2020 AND ARE SUBJECT TO FORFEITURE UNDER CERTAIN CIRCUMSTANCES. SUCH AMOUNTS WOULD BE PAID IN INSTALLMENTS, ALONG WITH PRIOR YEARS' DEFERRALS, IN CALENDAR YEAR 2021 AND BEYOND. SCHEDULE J, PART I, LINE 7 CERTAIN INDIVIDUALS LISTED IN PART I OF SCHEDULE J RECEIVED BONUSES IN RECOGNITION OF EXCELLENT JOB PERFORMANCE OR AS A NEGOTIATED PAYMENT AT THE BEGINNING OF AN EMPLOYMENT ARRANGEMENT. BONUS RECIPIENTS' NAMES AND AMOUNTS PAID ARE SHOWN IN SCHEDULE J, PART II, COLUMN B(II). SCOTT RICHLAND (CHIEF INVESTMENT OFFICER), PASY WANG (SENIOR MANAGING DIRECTOR, INVESTMENTS), DOUGLAS MACBEAN (MANAGING DIRECTOR, INVESTMENTS), AND KIRK KAWASAWA (SENIOR MANAGING DIRECTOR, INVESTMENTS): THE INSTITUTE OFFERS PERFORMANCE-BASED COMPENSATION TO CERTAIN INVESTMENT PROFESSIONALS BASED UPON THE INSTITUTE'S INVESTMENT PERFORMANCE AND OTHER FACTORS. SEE RESPONSE TO QUESTION 4B ABOVE. A CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130178EZ5 2006-07-12 165000000 FIN VAR CAP PROJECTS REFUND SER 03 false false false A 0 0 184062305 0 0 0 1340471 0 0 93471835 89250000 0 2010 false true true true A false true false true true 0.00900 0.00900 false false true A false false true true true true BANK OF NY MELLOn 30.3 false false true CITIGROUP GLOBAL TRA 2. true false true A true COLUMN A: DIFFERENCE BETWEEN AMOUNT IN PART I(E) AND PART II, lINE 3 IS DUE TO INTEREST EARNED ON INVESTED PROCEEDS. PART I (F) - THE ISSUE DATE OF THE SERIES 2003 BONDS IS 01/15/2003. PART III, LINE 7 - AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY OR PAYMENT TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS REPORTED IN PART III, LINE 6, IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. PART IV, LINE 2C - THE REBATE COMPUTATION WAS PERFORMED ON AUGUST 20, 2012, FOR THE COMPUTATION PERIOD ENDING ON JULY 1, 2012. 0 154239 SCHOLARSHIPS EDUCATION PEDRO J PIZARRO TRUSTEE 154732 FAM. MEMBER(S) EMPLOYED BY CIT false THOMAS F ROSENBAUM PRESIDENT/TRUSTEE 323087 FAM. MEMBER(S) EMPLOYED BY CIT false SHIRLEY M MALCOM TRUSTEE 414594 FAM. MEMBER(S) EMPLOYED BY CIT false STEPHEN ONDERDONK TRUSTEE 424492 FAM. MEMBER(S) EMPLOYED BY CIT false EDWARD M STOLPER FORMER PROVOST 168656 FAM. MEMBER(S) EMPLOYED BY CIT false CAROL SCHUIL EA TO PRES/ASST SEC 36561 FAM. MEMBER(S) EMPLOYED BY CIT false GLENAIR INC SEE PART V 1078021 SEE PART V false CANYON CAPITAL ADVISORS LLC SEE PART V 764261 SEE PART V false HIMALAYA CAPITAL MANAGEMENT SEE PART V 6202418 SEE PART V false VIDA VENTURES LLC SEE PART V 201986 SEE PART V false SCHEDULE L, PART III PER THE IRS INSTRUCTIONS FOR SCHEDULE L AND DUE TO STUDENT PRIVACY CONSIDERATIONS, INTERESTED PERSONS AND THEIR FAMILY MEMBERS TO WHOM THE INSTITUTE PROVIDES SCHOLARSHIPS, FELLOWSHIPS, AND SIMILAR FINANCIAL ASSISTANCE ARE NOT IDENTIFIED. SCHEDULE L, PART IV NAME OF PERSON: GLENAIR, INC. ("GLENAIR") RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: GLENAIR IS A 35% OR-GREATER CONTROLLED ENTITY OF PETER D. KAUFMAN, WHO IS CHAIRMAN AND CEO OF GLENAIR AS WELL AS A TRUSTEE OF THE INSTITUTE. AMOUNT OF TRANSACTION: AGGREGATE $1,078,021 FOR THE YEAR ENDED SEPTEMBER 30, 2021. DESCRIPTION OF TRANSACTION: GLENAIR IS A U.S.-BASED COMPANY THAT SPECIALIZES IN THE MANUFACTURING OF ELECTRONIC COMPONENTS. THE INSTITUTE HAS PROCURED COMPONENTS FROM GLENAIR IN THE NORMAL COURSE OF BUSINESS, AT ARM'S LENGTH, AND IN ACCORDANCE WITH INSTITUTE PROCUREMENT POLICIES AND PROCEDURES. MR. KAUFMAN DID NOT PARTICIPATE IN, AND WAS EXCLUDED FROM, THE INSTITUTE'S DECISIONS WITH RESPECT TO THESE PROCUREMENTS. NAME OF PERSON: CANYON CAPITAL ADVISORS, LLC ("CANYON") RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: CANYON IS A 35%-OR-GREATER CONTROLLED ENTITY OF JOSHUA S. FRIEDMAN, WHO IS A FOUNDING PARTNER, CO-CHAIRMAN AND CO-CEO OF CANYON AS WELL AS A TRUSTEE OF THE INSTITUTE. AMOUNT OF TRANSACTION: MANAGEMENT FEES, PERFORMANCE FEES AND EXPENSES OF $764,261 FOR THE YEAR ENDED SEPTEMBER 30, 2021. DESCRIPTION OF TRANSACTION: THE INSTITUTE IS AN INVESTOR IN TWO FUNDS MANAGED BY CANYON. THE INVESTMENT WITH CANYON ("THE TRANSACTION") WAS MADE DURING THE INSTITUTE'S FISCAL YEAR 2012. THE TRANSACTION WAS ENTERED INTO AT ARM'S LENGTH AFTER AN INDEPENDENT COMMITTEE OF TRUSTEES CONSIDERED THE TRANSACTION IN ACCORDANCE WITH INSTITUTE POLICY AND DETERMINED THAT: THE TRANSACTION WAS FAIR AND REASONABLE AS TO THE INSTITUTE; THE ECONOMIC BENEFIT PROVIDED BY THE INSTITUTE DID NOT EXCEED THE FAIR MARKET VALUE OF THE CONSIDERATION RECEIVED BY THE INSTITUTE; AND THE INSTITUTE COULD NOT HAVE OBTAINED A MORE ADVANTAGEOUS ARRANGEMENT WITH REASONABLE EFFORT UNDER THE CIRCUMSTANCES. DURING THE YEAR ENDED SEPTEMBER 30, 2021, THE INSTITUTE'S INVESTMENTS IN CANYON FUNDS INCURRED $764,261 IN MANAGEMENT FEES, PERFORMANCE FEES AND EXPENSES. AS OF SEPTEMBER 30, 2021, ACCRUED AND UNPAID MANAGEMENT FEES, PERFORMANCE FEES AND EXPENSES TOTALED $179,319. AS OF SEPTEMBER 30, 2021, CANYON HAD TOTAL ASSETS UNDER MANAGEMENT OF APPROXIMATELY $27.5 BILLION. NAME OF PERSON: HIMALAYA CAPITAL MANAGEMENT, LLC ("HIMALAYA") RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: HIMALAYA IS A 35%-OR-GREATER CONTROLLED ENTITY OF LI LU, WHO IS FOUNDER AND CHAIRMAN OF HIMALAYA AS WELL AS A TRUSTEE OF THE INSTITUTE. AMOUNT OF TRANSACTION: MANAGEMENT FEES, PERFORMANCE FEES AND EXPENSES OF $6,202,418 FOR THE YEAR ENDED SEPTEMBER 30, 2021. DESCRIPTION OF TRANSACTION: THE INSTITUTE IS AN INVESTOR IN ONE FUND MANAGED BY HIMALAYA. THE INVESTMENT WITH HIMALAYA ("THE TRANSACTION") WAS ENTERED INTO AT ARM'S LENGTH DURING THE INSTITUTE'S FISCAL YEAR 2014. MR. LI LU DID NOT JOIN THE INSTITUTE'S BOARD OF TRUSTEES UNTIL JULY 2018 AND THE INVESTMENT WAS ENTERED INTO SOLELY FOR THE BENEFIT OF THE INSTITUTE WITHOUT REGARD TO ANY POSSIBILITY OF MR. LI LU JOINING THE BOARD IN THE FUTURE. AN INDEPENDENT COMMITTEE OF TRUSTEES CONSIDERED THE TRANSACTION IN ACCORDANCE WITH INSTITUTE POLICY AND DETERMINED THAT: THE TRANSACTION WAS FAIR AND REASONABLE AS TO THE INSTITUTE; THE ECONOMIC BENEFIT PROVIDED BY THE INSTITUTE DID NOT EXCEED THE FAIR MARKET VALUE OF THE CONSIDERATION RECEIVED BY THE INSTITUTE; AND THE INSTITUTE COULD NOT HAVE OBTAINED A MORE ADVANTAGEOUS ARRANGEMENT WITH REASONABLE EFFORT UNDER THE CIRCUMSTANCES. DURING THE YEAR ENDING SEPTEMBER 30, 2021, THE INSTITUTE'S INVESTMENTS IN HIMALAYA INCURRED $6,202,418 IN MANAGEMENT FEES, PERFORMANCE FEES AND EXPENSES. AS OF SEPTEMBER 30, 2021, ACCRUED AND UNPAID MANAGEMENT FEES, PERFORMANCE FEES AND EXPENSES TOTALED $0. AS OF SEPTEMBER 30, 2021, HIMALAYA HAD TOTAL ASSETS UNDER MANAGEMENT OF APPROXIMATELY $18.06 BILLION. NAME OF PERSON: VIDA VENTURES, LLC ("VIDA") RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: VIDA IS A 35%-OR-GREATER CONTROLLED ENTITY OF ARIE BELLDEGRUN, WHO IS A CO-FOUNDER AND SENIOR MANAGING DIRECTOR OF VIDA, AS WELL AS THE SPOUSE OF REBECKA BELLDEGRUN, A TRUSTEE OF THE INSTITUTE. AMOUNT OF TRANSACTION: MANAGEMENT FEES, PERFORMANCE FEES AND EXPENSES OF $201,986 FOR THE YEAR ENDED SEPTEMBER 30, 2021. DESCRIPTION OF TRANSACTION: THE INSTITUTE IS AN INVESTOR IN ONE FUND MANAGED BY VIDA. THE INVESTMENT WITH VIDA ("THE TRANSACTION") WAS MADE DURING THE INSTITUTE'S FISCAL YEAR 2019. THIS TRANSACTION WAS ENTERED INTO AT ARM'S LENGTH AFTER AN INDEPENDENT COMMITTEE OF TRUSTEES CONSIDERED THE TRANSACTION IN ACCORDANCE WITH INSTITUTE POLICY AND DETERMINED THAT: THE TRANSACTION WAS FAIR AND REASONABLE AS TO THE INSTITUTE; THE ECONOMIC BENEFIT PROVIDED BY THE INSTITUTE DID NOT EXCEED THE FAIR MARKET VALUE OF THE CONSIDERATION RECEIVED BY THE INSTITUTE; AND THE INSTITUTE COULD NOT HAVE OBTAINED A MORE ADVANTAGEOUS ARRANGEMENT WITH REASONABLE EFFORT UNDER THE CIRCUMSTANCES. DURING THE YEAR ENDING SEPTEMBER 30, 2021, THE INSTITUTE'S INVESTMENTS IN VIDA INCURRED $201,986 IN MANAGEMENT FEES, PERFORMANCE FEES AND EXPENSES. AS OF SEPTEMBER 30, 2021, ACCRUED AND UNPAID MANAGEMENT FEES, PERFORMANCE FEES AND EXPENSES TOTALED $117,928. AS OF SEPTEMBER 30, 2021, VIDA HAD TOTAL ASSETS UNDER MANAGEMENT OF APPROXIMATELY $656.3 MILLION. X 80 54992273 HI-LO AVERAGE X 3 8800001 APPRAISAL X EQUIPMENT 6 1614927 INVENTORY&PLACE MARK X MISCELLANEOUS 3 49201 Retail & Place Mark 3 false true true SCHEDULE M, PART I CONTRIBUTION AMOUNTS ARE PRESENTED ON THE ACCRUAL BASIS CONSISTENT WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, AND THEREFORE MAY PRODUCE DIFFERENT RESULTS FROM COMPUTATIONS USING IRS-REQUIRED METHODOLOGY APPLICABLE TO DONORS. SCHEDULE M, PART I, COLUMN (B) AMOUNTS IN THIS COLUMN REFLECT THE NUMBER OF CONTRIBUTORS. SCHEDULE M, PART I, LINE 25 EQUIPMENT DONATED FOR RESEARCH AND INSTRUCTION. SCHEDULE M, PART I, LINE 26 MISCELLANEOUS ITEMS INCLUDED MACHINERY, A MANUSCRIPT AND ARTWORK. SCHEDULE M, PART I, LINE 32B THE INSTITUTE MAY UTILIZE THIRD PARTY BROKERS TO SELL SECURITIES AND REAL ESTATE. FORM 990, PART I AND III, LINE 1 THE MISSION OF THE CALIFORNIA INSTITUTE OF TECHNOLOGY ("THE INSTITUTE"CALTECH") IS TO EXPAND HUMAN KNOWLEDGE AND BENEFIT SOCIETY THROUGH RESEARCH INTEGRATED WITH EDUCATION. WE INVESTIGATE THE MOST CHALLENGING, FUNDAMENTAL PROBLEMS IN SCIENCE AND TECHNOLOGY IN A SINGULARLY COLLEGIAL, INTERDISCIPLINARY ATMOSPHERE, WHILE EDUCATING OUTSTANDING STUDENTS TO BECOME CREATIVE MEMBERS OF SOCIETY. FORM 990, PART I, LINE 6 THE NUMBER IDENTIFIED IS BASED ON A REASONABLE ESTIMATE. FORM 990, PART III, LINE 4D AUXILIARY ENTERPRISES (EXPENSES $29,550,000 AND REVENUE $54,029,000) AUXILIARY ENTERPRISES IN SUPPORT OF THE INSTITUTE'S MISSION (CALTECH Y ALLOCATION) - GRANTS $75,000 CASH ALLOCATION TO RELATED ORGANIZATION SUPPORTING INSTITUTE'S MISSION (UNITED WAY GREATER LOS ANGELES) TO MATCH EMPLOYEE CONTRIBUTIONS TO UNITED WAY - GRANTS $50,000 FORM 990, PART IV, LINE 6 THE INSTITUTE HAS NO SEPARATE FUNDS OR ACCOUNTS WHERE DONORS HAVE THE RIGHT EITHER TO PROVIDE ADVICE ON THE INVESTMENT OF AMOUNTS IN THE FUNDS OR TO PROVIDE ADVICE ON DISTRIBUTION OF SUCH FUNDS OUTSIDE THE INSTITUTE. FORM 990, PART VI, LINE 2 TRUSTEES THOMAS E. EVERHART AND PETER NORTON - BUSINESS RELATIONSHIP TRUSTEES JOSHUA S. FRIEDMAN AND DR. REBECKA BELLDEGRUN - BUSINESS RELATIONSHIP TRUSTEES JOSHUA S. FRIEDMAN AND RICHARD N. MERKIN - BUSINESS RELATIONSHIP TRUSTEES JOSHUA S. FRIEDMAN AND B. KIPLING HAGOPIAN - BUSINESS RELATIONSHIP TRUSTEES JOSHUA S. FRIEDMAN AND WALTER G. KORTSCHAK - BUSINESS RELATIONSHIP TRUSTEES LI LU AND WALTER G. KORTSCHAK - BUSINESS RELATIONSHIP TRUSTEES LYNN A. BOOTH AND KENT KRESA - FAMILY RELATIONSHIP TRUSTEES JOSEPH KIANI AND DAVID PYOTT - BUSINESS RELATIONSHIP FORM 990, PART VI, LINE 11B THE INSTITUTE PREPARED FORM 990 WITH THE ASSISTANCE OF A PAID PREPARER. A DRAFT OF THE FORM 990 IS PRESENTED TO THE AUDIT AND COMPLIANCE COMMITTEE FOR REVIEW AND COMMENT. A FINAL COPY OF THE FORM 990 IS PROVIDED TO EACH MEMBER OF THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. AN OFFICER OF THE INSTITUTE AND ITS PAID PREPARER, RESPECTIVELY, SIGN THE FINAL FORM 990. FORM 990, PART VI, LINE 12C EACH TRUSTEE AND OFFICER IS REQUIRED TO COMPLETE ANNUALLY A CONFLICT OF INTEREST QUESTIONNAIRE DISCLOSING POTENTIAL OR ACTUAL CONFLICTS. TRUSTEES, OFFICERS AND KEY EMPLOYEES ARE ALSO REQUIRED TO DISCLOSE IN WRITING POTENTIAL AND ACTUAL CONFLICTS ON AN ONGOING BASIS THROUGHOUT THE YEAR. ALL CONFLICTS ARE RESOLVED IN ACCORDANCE WITH THE INSTITUTE'S WRITTEN CONFLICT OF INTEREST POLICIES. FORM 990, PART VI, LINE 15A, 15B THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES NORMALLY REVIEWS AT LEAST ANNUALLY THE COMPENSATION OF OFFICERS AND CERTAIN EMPLOYEES, INCLUDING KEY EMPLOYEES OF THE INSTITUTE. THE EXECUTIVE COMPENSATION COMMITTEE REVIEWS COMPARABILITY DATA FROM RELEVANT SURVEYS. THE DELIBERATIONS ARE CONTEMPORANEOUSLY DOCUMENTED IN THE COMMITTEE'S MINUTES. FORM 990, PART VI, LINE 19 THE INSTITUTE'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART VII, COLUMN B ESTIMATES OF TRUSTEES' TIME DEVOTED TO INSTITUTE BUSINESS ARE BASED ON FIGURES PROVIDED BY TRUSTEES THEMSELVES OR GENERAL INSTITUTE ESTIMATES BASED ON TRUSTEES' COMMITTEE ASSIGNMENTS. TIME DEVOTED TO INSTITUTE BUSINESS BY OFFICERS, KEY EMPLOYEES AND HIGHEST COMPENSATED EMPLOYEES MAY SUBSTANTIALLY EXCEED THE ESTIMATES PROVIDED ON A REGULAR BASIS. FORM 990, PART IX, LINE 24C THE INSTITUTE RECOVERS FROM ITS ENDOWMENT INVESTMENT POOL A PORTION OF THE COSTS OF RAISING AND STEWARDING ENDOWMENTS. ENDOWMENT RECOVERY REPRESENTS AMOUNTS FROM THE ENDOWMENT INVESTMENT POOL APPLIED AGAINST CURRENT FUNDRAISING COSTS. THE RESULTING REDUCTION IN ENDOWMENT NET ASSETS IS REFLECTED IN OTHER CHANGES IN NET ASSETS OR FUND BALANCES ON FORM 990, PART XI, LINE 9. FORM 990, PART X, LINE 11 INVESTMENTS - PUBLICLY TRADED SECURITIES INCLUDE, BUT ARE NOT LIMITED TO, INVESTMENTS HELD DIRECTLY OR IN FUNDS AND MANAGED ACCOUNTS FOR WHICH THE UNDERLYING SECURITIES ARE PRIMARILY PUBLICLY TRADED, ALTHOUGH CERTAIN RESTRICTIONS ON THE LIQUIDITY OF SOME OF THESE HOLDINGS MAY EXIST. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS OR FUND BALANCES CHANGES IN POSTEMPLOYMENT BENEFIT OBLIGATIONS $ 936,000 ENDOWMENT RECOVERY ($ 9,963,000) LOSS ON DISPOSAL OF PROPERTY ($ 2,479,000) CHANGES IN FAIR VALUE OF INTEREST RATE SWAP $ 19,748,000 EXCISE TAX ($ 15,715,000) ---------------- TOTAL ($ 7,473,000) ================ FORM 990, PART XII, LINE 1 IN ACCORDANCE WITH IRS INSTRUCTIONS, FORM 990 AND ALL SCHEDULES THEREIN (WITH THE EXCEPTION OF REQUIRED CALENDAR-YEAR REPORTING FOR COMPENSATION), HAVE BEEN COMPLETED ON THE ACCRUAL BASIS CONSISTENT WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. 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THE CALTECH ALUMNI ASSOCIATION IS A RELATED ORGANIZATION WHOSE MISSION IS TO PROVIDE EDUCATIONAL AND OTHER PROGRAMS FOR CALTECH ALUMNI AND STUDENTS. ADDITIONALLY, THE INSTITUTE PROVIDES DIRECT ADMINISTRATIVE SUPPORT, FREE OF CHARGE, TO THE TOM AND VALLEY KNUDSEN FOUNDATION, A RELATED PHILANTHROPIC FOUNDATION.