2017-11-15T15:42:15-06:00 2016-12-31 910189318 Moss Adams LLP 4747 Executive Drive Suite 1300 San Diego CA 92121 990 2016-01-01 237203666 The J David Gladstone Institutes JDAV 4157342000 1650 Owens Street San Francisco CA 94158 Robert Obana COO 4157342000 2017-11-15 1 Patricia J Mayer P00188643 8586271400 12.129.7.100 2017-11-15 14:55:04 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 82B2967E87B0BCBFD086468C9F628B4E32DA0AA9 2016 2017-02-10 21:41:12Z Robert Obana 1650 Owens Street San Francisco CA 94158 88533810 0 X www.gladstoneinstitutes.org X 1972 CA TO USE VISIONARY SCIENCE AND TECHNOLOGY TO OVERCOME MAJOR UNSOLVED DISEASES. 3 0 482 87 266 -4273 4780090 802707 56181372 62077407 8103215 3996895 -2233118 508085 66831559 67385094 0 0 0 0 42825466 42533560 0 0 768388 40059864 42010032 82885330 84543592 -16053771 -17158498 265965861 259825160 133909789 140800298 132056072 119024862 TO UNRAVEL THE BASICS OF BIOLOGY IN ORDER TO BETTER UNDERSTAND, PREVENT,TREAT AND CURE CARDIOVASCULAR, VIRAL AND NEUROLOGICAL CONDITIONS SUCH AS HEART FAILURE, HIV/AIDS AND ALZHEIMER'S DISEASE. 0 0 16182425 13487556 THE INSTITUTE OF VIROLOGY AND IMMUNOLOGY FOCUSES ITS RESEARCH ON THE HUMAN IMMUNODEFICIENCY VIRUS (HIV) AND THE ACQUIRED IMMUNE DEFICIENCY SYNDROME (AIDS), AND OTHER VIRAL DISEASES. 25170338 18801415 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. 30975326 29788436 THE INSTITUTE OF NEUROLOGICAL DISEASE FOCUSES ITS RESEARCH ON THE PATHOGENESIS OF ALZHEIMER'S AND OTHER MAJOR NEURODEGENERATIVE DISEASES. 72328089 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 0 1 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 130 0 1 482 1 1 1 1 BD CJ NL 0 0 0 0 0 0 0 0 X 3 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X Michelle S Sibly 4157342000 1650 Owens Street San Francisco CA 94158 Albert A Dorman Trustee (Thru 06/30) 15.00 X 356250 0 0 Richard D Jones Trustee 15.00 X 475000 0 0 Andrew S Garb Trustee 15.00 X 475000 0 0 William Price Trustee 15.00 X 25000 0 0 Robert S Williams President 40.00 X 812380 0 58179 Vincent S Moseley CFO, VP of Finance 40.00 X 347630 0 64902 Robert Obana COO 40.00 X 147483 0 8114 Warner Greene Director 40.00 X 445470 0 58179 Lennart Mucke Director 40.00 X 488850 0 48444 Deepak Srivastava Director 40.00 X 491160 0 64902 Eric M Verdin Sr. Investigator 40.00 X 387200 0 64902 Saptarsi Haldar Associate Investigator 40.00 X 349455 0 25152 Steven M Finkbeiner Sr. Investigator 40.00 X 459849 0 64902 Stephen Freedman VP for Corp Liaison & Ventures 40.00 X 404770 0 58179 Robert W Mahley President Emeritus 40.00 X 408399 0 58179 6073896 0 574034 74 0 1 0 Ellucian Company LP 4 Country View Road Malvern PA 19355 Consulting services 333931 Bozicevic Field and Francis 1900 University Ave Suite 200 East Palo Alto CA 94303 legal services 301027 DLA Piper LLP (US) PO Box 64029 Baltimore MD 212644029 Legal services 296996 Moss Adams LLP 4747 Executive Drive Suite 1300 San Diego CA 92121 Accounting Services 162930 Littler Mendelson PC PO Box 45547 San Francisco CA 941450547 Legal services 143192 8 802707 802707 government contracts 900099 35624377 35624377 other grant income 900099 24881309 24881309 Miscellaneous Laboratory Income 900099 1154253 1154253 intellectual property income 900099 417468 417468 62077407 2930984 2930984 1729362 1749847 -20485 -20485 -20485 20130984 333796 19398869 0 732115 333796 1065911 1065911 other revenue 900099 528304 528304 k-1 passthrough 900099 266 266 528570 67385094 62077407 266 4504714 X 4366942 2462317 1904625 28756135 23958196 4318497 479442 2546250 2074835 471415 4762131 3685245 925343 151543 2102102 1680215 421887 1023841 819100 204741 167560 20500 147060 254952 254952 9382782 8514425 788768 79589 8150362 8146844 482 3036 831037 819699 11338 52378 52378 2754661 2480877 273784 1310427 1258158 38230 14039 5775549 4979610 795939 7124047 6407873 716174 840567 668735 171832 animals 2963472 2963472 telephone & communicati 288522 279341 6963 2218 postage & delivery 190357 188744 553 1060 printing & publication 176570 151091 25479 722948 716434 5870 644 84543592 72328089 11447115 768388 10496429 7788084 1380267 6429859 18762066 10639897 548394 1019936 1750000 1780000 19164976 15096118 1181017 1120130 167593762 68638774 101824877 98954988 42894183 41196493 61281019 60378714 1271496 1204583 5411137 14216358 265965861 259825160 5090369 3489231 10389296 8408666 109750000 106890000 12750000 8680124 9262401 133909789 140800298 X 113374303 104951500 13681769 9073362 5000000 5000000 132056072 119024862 265965861 259825160 X -17158498 4127554 -266 X 0 1 X 1 1 1 X san francisco general hospital san francisco CA RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18681769 432270 5040677 14073362 21022334 4368135 6708700 18681769 17453285 10956337 7387288 21022334 19929812 2203938 4680465 17453285 13898717 10148795 4117700 19929812 0.35530 0.64470 0 0 13546625 13546625 56205877 16141160 40064717 52274551 21481464 30793087 43112454 29551266 13561188 2454255 1464884 989371 98954988 archipelago hldgs ltd 2281610 F commonfund cep v 479700 F commonfund cep vi 486755 F DAVIDSON KEMPNER 3471059 F fir tree intl value 4297693 F GLENVIEW CAPITAL PARTNERS 3084261 F HBK INVESTMENTS 2829496 F hoplite offshore fund 2096549 F kkr income & growth fund 927657 F lone star fund vi, lp 860094 F MILLENIUM INTERNATIONAL LTD 8879271 F OWL CREEK OVERSEAS FUND 200045 F oz overseas fund 20137 F prime finance partners iii 860710 F primexx energy opportunity fund, lp 12447743 F SANKATY CR OPPORTUNITIES FUND III 678575 F SANKATY CR OPPORTUNITIES FUND LP 49851 F sansar capital 3913 F taconic opportunity cl a 3314282 F venture lending and leasing iii 22689 F viking global investors 6990085 F visium global offshore 12933 F Cordillera Investment Fund I 991703 F Prime Finance Partners IV 1306051 F Prime Finance Partners V 583119 F Madison Realty Capital 1563098 F Alphagen Rigel 1580135 F Tenaya Therapeutics 59500 F 60378714 Closing Costs 107158 Other 457b plan asset 1520920 Consolidating Adjustment 12088262 Other Deposits 500018 14216358 457(B) TIAA-CREF PLAN LIABILITY 1520920 ACCRUED PAYROLL LIABILITY 3153957 BOND INTEREST PAYABLE 1364930 BOND PREMIUM - MISSION BAY -245778 FLEXIBLE BENEFITS PAYABLE 133885 HEALTH CLAIMS RESERVE 125000 PENSION PAYABLE 2858988 POST-DOC PENSION PLAN PAYABLE 138944 Other Refund Clearing 174901 Other tenant deposit payable 36654 9262401 X 83033380 4127554 11520998 15648552 67384828 266 266 67385094 92969420 8425828 8425828 84543592 0 84543592 Part V, Line 4: The temporarily restricted endowment funds have been restricted to fund specific scientific research projects. Research will be performed on these projects over the next few years. Permanently restricted fund earnings will be spent on scientific research and administration. Part X, Line 2: THE INSTITUTES HAS BEEN GRANTED EXEMPTION FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE. THE INSTITUTES IS SUBJECT TO UNRELATED BUSINESS INCOME TAX ON CERTAIN RENTAL TRANSACTIONS AND INCOME FROM ALTERNATIVE INVESTMENTS. FOR THE YEARS ENDED DECEMBER 31, 2016 AND 2015, THE INSTITUTES HAD APPROXIMATELY $4,689,000 AND $2,317,000 OF CUMULATIVE TAXABLE LOSSES, RESPECTIVELY. SINCE MANAGEMENT BELIEVES IT IS UNLIKELY THERE WILL BE FUTURE INCOME TO OFFSET THESE LOSSES, A VALUATION ALLOWANCE HAS BEEN REFLECTED AGAINST THE FULL BALANCE. THE INSTITUTES 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 HAD NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2016 AND 2015. Part XI, Line 2d - Other Adjustments: rental expense reclass 1,749,847. consolidating adjustment 9,771,151. Part XI, Line 4b - Other Adjustments: k-1 passthrough 266. Part XII, Line 2d - Other Adjustments: consolidating adjustment 6,675,981. rental expense reclass 1,749,847. Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, investments 39643136 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium investments 35 0 0 0 0 0 0 39643171 0 39643171 1 0 0 0 1 0 Part I, line 3: METHOD OF ACCOUNTING IS accrual basis SCHEDULE F, PART I: CENTRAL AMERICA AND THE CARIBBEAN INVESTMENT BOOK VALUE END-OF-YEAR $39,061,470 INVESTMENT EXPENSE $581,666 TOTAL EXPENDITURE FOR AND INVESTMENTS IN REGION $39,643,136 EUROPE (INCLUDING ICELAND AND GREENLAND) INVESTMENT BOOK VALUE END-OF-YEAR $0 INVESTMENT EXPENSE $35 TOTAL EXPENDITURE FOR AND INVESTMENTS IN REGION $35 X X 1 1 X X X X 0 0 0 0 0 0 0 1 0 Albert A Dorman Trustee (Thru 06/30) 356250 0 0 0 0 0 0 0 0 0 356250 0 0 0 Richard D Jones Trustee 475000 0 0 0 0 0 0 0 0 0 475000 0 0 0 Andrew S Garb Trustee 475000 0 0 0 0 0 0 0 0 0 475000 0 0 0 Robert S Williams President 790000 0 0 0 22380 0 39750 0 18429 0 870559 0 0 0 Vincent S Moseley CFO, VP of Finance 346730 0 0 0 900 0 39750 0 25152 0 412532 0 0 0 Robert Obana COO 145833 0 0 0 1650 0 0 0 8114 0 155597 0 0 0 Warner Greene Director 437850 0 0 0 7620 0 39750 0 18429 0 503649 0 0 0 Lennart Mucke Director 486270 0 0 0 2580 0 39750 0 8694 0 537294 0 0 0 Deepak Srivastava Director 489780 0 0 0 1380 0 39750 0 25152 0 556062 0 0 0 Eric M Verdin Sr. Investigator 266656 0 118475 0 2069 0 39750 0 25152 0 452102 0 0 0 Saptarsi Haldar Associate Investigator 220000 0 129058 0 397 0 0 0 25152 0 374607 0 0 0 Steven M Finkbeiner Sr. Investigator 318530 0 140000 0 1319 0 39750 0 25152 0 524751 0 0 0 Stephen Freedman VP for Corp Liaison & Ventures 400810 0 0 0 3960 0 39750 0 18429 0 462949 0 0 0 Robert W Mahley President Emeritus 400416 0 0 0 7983 0 39750 0 18429 0 466578 0 0 0 Part I, Line 1a FIRST CLASS TRAVEL- THE INSTITUTES HAVE A POLICY FOR LONGER FLIGHTS AND ALLOWS UPGRADES FOR EMPLOYEES, WHICH MAY INCLUDE FIRST CLASS TRAVEL. TAX INDEMNIFICATION & GROSS UP PAYMENTS- Principal reduction relating to the relocation loans provided to Eric Verdin and Saptarsi Haldar are grossed up and included as taxable compensation. Part I, Line 7 NONDISCRETIONARY BONUS PAYMENTS WERE PAID BASED ON PERSONS MEETING GOALS SET BY AND APPROVED BY TRUSTEES. A California Infrastructure and Economic Development Bank 630304653 13034AAK6 2011-11-16 105414814 Refunding Bonds 0 0 0 A 105414814 1379008 99035806 5000000 2004 1 0 1 1 A 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 Deepak Srivastava Key Employee housing X 820000 430000 0 1 1 robert S Williams president housing X 2000000 1350000 0 1 1 1780000 Form 990, Part VI, Section A, line 7b THE SUPERIOR COURT OF CALIFORNIA'S APPROVAL IS REQUIRED FOR THE ELECTION AND REMOVAL OF TRUSTEES. Form 990, Part VI, Section B, line 11b 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, Section B, line 15 THE ATTORNEY GENERAL FOR THE STATE OF CALIFORNIA IS ADVISED OF TRUSTEE COMPENSATION AND THE STATE OF CALIFORNIA SUPERIOR COURT REVIEWS AND APPROVES THE COMPENSATION. AN EXECUTIVE COMPENSATION REPORT IS COMPLETED EACH YEAR BY AN INDEPENDENT CONSULTING FIRM FROM SALARY SURVEYS, NON-PROFIT FORM 990'S AND OTHER SOURCES ON ORGANIZATIONS THAT ARE COMPARABLE IN SIZE AND COMPLEXITY TO THE INSTITUTES. THE 2016 REPORT WAS COMPLETED 12/11/15. THE PRESIDENT AND DIRECTORS' COMPENSATION IS APPROVED BY THE UNIVERSITY OF CALIFORNIA, SAN FRANCISCO VICE DEAN EACH YEAR. 2016 SALARIES WERE APPROVED ON January 13, 2016. THE INSTITUTES' PRESIDENT AND DIRECTORS UTILIZE SIMILAR RESOURCES AS GUIDELINES WHEN APPROVING COMPENSATION FOR THE INSTITUTES' KEY EMPLOYEES, OTHER OFFICERS AND DIRECT REPORTS. COMPENSATION WAS LAST APPROVED ON January 13, 2016. 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. Form 990, Part IX, line 11g Consultant Services: Program service expenses 458,747. Management and general expenses 261,353. Fundraising expenses 37,961. Total expenses 758,061. Consultants-VISA: Program service expenses 63,685. Management and general expenses 7,993. Fundraising expenses 0. Total expenses 71,678. Banking Fees: Program service expenses 0. Management and general expenses 9,459. Fundraising expenses 669. Total expenses 10,128. Honoraria: Program service expenses 47,625. Management and general expenses 2,500. Fundraising expenses 0. Total expenses 50,125. Temporary Agency Labor: Program service expenses 200,325. Management and general expenses 196,626. Fundraising expenses 24,987. Total expenses 421,938. Trustee Fees: Program service expenses 928,125. Management and general expenses 309,375. Fundraising expenses 0. Total expenses 1,237,500. Service Contracts: Program service expenses 1,455,810. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,455,810. Subcontracts w/ idc-1st $25,000: Program service expenses 251,709. Management and general expenses 0. Fundraising expenses 0. Total expenses 251,709. Subcontracts w/out IDC - > $25K: Program service expenses 3,518,733. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,518,733. Licenses, Permits and Fees: Program service expenses 142,518. Management and general expenses 500. Fundraising expenses 0. Total expenses 143,018. Outside Services - Other: Program service expenses 216,088. Management and general expenses 962. Fundraising expenses 0. Total expenses 217,050. Membership, Dues and Subscriptions: Program service expenses 127,225. Management and general expenses 0. Fundraising expenses 15,972. Total expenses 143,197. Repairs and Maintenance- Building: Program service expenses 503,716. Management and general expenses 0. Fundraising expenses 0. Total expenses 503,716. Repairs and Maintenance- Equipment: Program service expenses 291,860. Management and general expenses 0. Fundraising expenses 0. Total expenses 291,860. Waste Disposal -Hazardous & Radioac: Program service expenses 144,034. Management and general expenses 0. Fundraising expenses 0. Total expenses 144,034. Seminar & Training Program Support: Program service expenses 164,225. Management and general expenses 0. Fundraising expenses 0. Total expenses 164,225. Form 990, Part XI, line 9: K-1 Passthrough -266. Gladstone Foundation 1650 Owens St San Francisco CA 94158 900688001 Fundraising CA 501(C)(3) Line 7 N/A 0 Sunset Triangle Investors LLC 17530 Ventura Blvd Ste 201 Encino CA 91316 300756705 Real Estate CA GRE LLC 0 0 Winnetka Commons Holdings LLC 13949 Ventura Blvd Ste 300 Sherman Oaks CA 91423 462691500 Real Estate CA GRE LLC 0 0 LSTGI 3 LLC 13949 Ventura Blvd Ste 300 Sherman Oaks CA 91423 471745019 Real Estate CA N/A 0 0 Royal Park Apartment Partners LLC 7900 E Union Ave Suite 500 Denver CO 80237 461143290 Real Estate CO GRE LLC 0 0 Maple Tree Holdings LLC 13949 Ventura Blvd Ste 300 Sherman Oaks CA 91423 463439066 Real Estate CA GRE LLC 0 0 ADC Idaho Holdings LLC 13949 Ventura Blvd Ste 300 Sherman Oaks CA 91423 471348058 Real Estate CA GRE LLC 0 0 FDN Holdings LLC 13949 Ventura Blvd Ste 300 Sherman Oaks CA 91423 472151218 Real Estate CA GRE LLC 0 0 303 Partners Holdings LLC 2439 West Coast Hwy Ste 200 Newport Beach CA 92663 364825707 Real Estate CA GRE LLC 0 0 2720 Partners LLC 2439 West Coast Hwy Ste 200 Newport Beach CA 92663 811857038 Real Estate CA GRE LLC 0 0 GRE LLC 1650 Owens St San Francisco CA 94158 260331566 REIT DE N/A C 2033909 64225483 0.99000 0 Cure Network Ventures Inc 1650 Owens St San Francisco CA 94158 474323086 To expedite the translation of relevant scientific discoveries CA N/A C -13491 10557 1.00000 0 0 1 0 0 0 1 0 0 0 0 0 0 1 1 1 0 1 1 1 gre llc B 9518765 Investment gre llc F 2382125 cash gre llc (under 50000) Q 0 reimbursement of expenses I/C acc gre llc S 1946313 cash - return of capital GLADSTONE FOUNDATION R 2682574 INTERCOMPANY TRANSFERS GLADSTONE FOUNDATION (UNDER 50000) M 0 GLADSTONE FOUNDATION (UNDER 50000) N 0 gLADSTONE FOUNDATION (UNDER 50000) O 0 gLADSTONE FOUNDATION (UNDER 50000) Q 0