2016-11-15T16:59:57-06:00 2015-12-31 910189318 Moss Adams LLP 4747 Executive Drive Suite 1300 San Diego CA 92121 990 2015-01-01 237203666 The J David Gladstone Institutes JDAV 4157342000 1650 Owens Street San Francisco CA 94158 vincent moseley CFO and VP, Finance 4157342000 2016-11-15 1 Patricia J Mayer P00188643 8586271400 2015 2017-02-10 21:41:12Z vincent moseley 1650 Owens Street San Francisco CA 94158 97132674 0 X www.gladstoneinstitutes.org X 1972 CA TO USE VISIONARY SCIENCE AND TECHNOLOGY TO OVERCOME MAJOR UNSOLVED DISEASES. 3 0 503 85 -2192279 -2192304 11855653 4780090 54795933 56181372 19787015 8103215 -121152 -2233118 86317449 66831559 0 0 0 0 40910459 42825466 0 0 1177956 40682703 40059864 81593162 82885330 4724287 -16053771 287366861 265965861 132917509 133909789 154449352 132056072 X 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 16926427 13643369 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. 24553203 18981365 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. 28333632 23366378 THE INSTITUTE OF NEUROLOGICAL DISEASE FOCUSES ITS RESEARCH ON THE PATHOGENESIS OF ALZHEIMER'S AND OTHER MAJOR NEURODEGENERATIVE DISEASES. 184045 190260 THE GLADSTONE CENTER FOR TRANSLATIONAL 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. 184045 190260 69997307 1 1 0 0 0 0 0 0 0 1 1 1 0 0 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 1 0 0 0 0 1 1 1 0 0 1 115 0 1 503 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 vincent moseley 4157342000 1650 Owens Street San Francisco CA 94158 ALBERT A DORMAN TRUSTEE 25.00 X 475000 0 0 ANDREW S GARB TRUSTEE 25.00 X 475000 0 0 RICHARD D JONES TRUSTEE 25.00 X 475000 0 0 JOHN WHITING Through 43015 VP, Cao, cfo 40.00 X 129653 0 31710 ROBERT S WILLIAMS PRESIDENT 40.00 X 779544 0 51126 VINCENT S MOSELEY CFO AND VP OF FINANCE 40.00 X 322736 0 55395 DEEPAK SRIVASTAVA Director 40.00 X 571792 0 55395 LENNART MUCKE DIRECTOR 40.00 X 476990 0 44801 WARNER GREENE Director 40.00 X 434790 0 51126 ERIC VERDIN SENIOR INVESTIGATOR 40.00 X 393207 0 55395 ROBERT MAHLEY PRESIDENT EMERITUS 40.00 X 425590 0 51126 STEPHEN FREEDMAN VP FOR CORP LIAISON & VENT 40.00 X 414990 0 37626 STEVEN FINKBEINER SR. INVESTIGATOR 40.00 X 387550 0 55395 Todd C McDevitt SENIOR INVESTIGATOR 40.00 X 364181 0 5801 6126023 0 494896 72 0 1 0 DLA Piper LLP (US) PO Box 64029 Baltimore MD 212644029 Legal services 386252 Bozicevic Field and Francis 1900 University Ave Suite 200 East Palo Alto CA 94303 legal services 352600 Ellucian Company LP 4 Country View Road Malvern PA 19355 Consulting services 347549 Profectus Pharma Consulting 1176 Clark Way San Jose CA 95125 consulting services 272010 Littler Mendelson PC PO Box 45547 San Francisco CA 941450547 Legal services 197337 10 4780090 123055 4780090 government contracts 900099 34869467 34869467 other grant income 900099 19377442 19377442 Miscellaneous Laboratory Income 900099 1308607 1308607 intellectual property income 900099 625856 625856 56181372 3463828 3463828 1493332 1889876 -396544 -396544 -396544 31965059 1085567 28411239 0 3553820 1085567 4639387 4639387 other revenue 900099 355705 355705 commonfund schedules k-1 passthro 900099 -2192279 -2192279 -1836574 66831559 56181372 -2192279 8062376 X 4430058 2561144 1868914 28777175 23418352 4653276 705547 2640000 2117672 522328 4886363 3731418 946107 208838 2091870 1677990 413880 843614 602848 240766 168873 24395 144478 278850 278850 8563712 7893952 456978 212782 8157646 8153373 1560 2713 573120 568965 4155 200000 200000 2456781 2160920 295861 1304125 1244456 34909 24760 5697341 4949401 747940 6962180 6061162 901018 978285 781188 197097 animals 3187651 3187651 telephone & communicati 260230 249318 2787 8125 postage & delivery 204208 200454 2874 880 printing & publication 145139 137271 132 7736 78109 75377 312 2420 82885330 69997307 11710067 1177956 7776091 10496429 11758620 1380267 15578494 18762066 1014160 548394 2080000 1750000 24096691 19164976 468907 1181017 164336187 62511310 105042672 101824877 49423842 42894183 62608214 61281019 1338410 1271496 6180760 5411137 287366861 265965861 4521444 5090369 7182173 10389296 112520000 109750000 8693892 8680124 132917509 133909789 X 133427018 113374303 16022334 13681769 5000000 5000000 154449352 132056072 287366861 265965861 X -16053771 -8245028 1905519 X 0 1 X 1 1 1 X san francisco general hospital san francisco CA RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21022334 4368135 6708700 18681769 17453285 10956337 7387288 21022334 19929812 2203938 4680465 17453285 13898717 10148795 4117700 19929812 12043203 4829571 2974057 13898717 0.26800 0.73200 0 0 13546625 13546625 56205877 14414296 41791581 51686546 19586172 32100374 40394401 27176178 13218223 2502738 1334664 1168074 101824877 archipelago hldgs ltd 2351664 F commonfund cep v 696976 F commonfund cep vi 633931 F DAVIDSON KEMPNER 3241461 F fir tree intl value 4259519 F GLENVIEW CAPITAL PARTNERS 3168682 F HBK INVESTMENTS 3484716 F hoplite offshore fund 2234106 F kkr income & growth fund 652166 F lone star fund vi, lp 841865 F MILLENIUM INTERNATIONAL LTD 8473834 F other real estate investments 825701 F OWL CREEK OVERSEAS FUND 176458 F oz overseas fund 30577 F passport offshore ltd 891 F prime finance partners iii 1798025 F primexx energy opportunity fund, lp 12533430 F SANKATY CR OPPORTUNITIES FUND III 831872 F SANKATY CR OPPORTUNITIES FUND LP 113061 F sansar capital 10748 F taconic opportunity cl a 3054832 F venture lending and leasing iii 106992 F viking global investors 7238796 F visium global offshore 3275826 F Cordillera Investment Fund I 327023 F Prime Finance Partners IV 917867 F 61281019 457(B) TIAA-CREF PLAN LIABILITY 1279843 ACCRUED PAYROLL LIABILITY 2794696 BOND INTEREST PAYABLE 1390411 BOND PREMIUM - MISSION BAY -78046 FLEXIBLE BENEFITS PAYABLE 125318 HEALTH CLAIMS RESERVE 160000 PENSION PAYABLE 2826579 POST-DOC PENSION PLAN PAYABLE 126943 Other Refund Clearing 8636 Other tenant deposit payable 45744 8680124 X 73974617 -8245028 13195807 4950779 69023838 -2192279 -2192279 66831559 89347835 6462505 6462505 82885330 0 82885330 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, 2015 AND 2014, THE INSTITUTES HAD APPROXIMATELY $2,317,000 AND $2,176,000 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, 2015 AND 2014. Part XI, Line 2d - Other Adjustments: rental expense reclass 1,889,876. consolidating adjustment 11,305,931. Part XI, Line 4b - Other Adjustments: UBIT allocation from k-1's -2,192,279. Part XII, Line 2d - Other Adjustments: consolidating adjustment 4,285,866. rental expense reclass 1,889,878. MINORITY INTEREST 286,761. Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, investments 41634531 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium investments 932 0 0 0 0 0 0 41635463 0 41635463 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 $41,001,219 INVESTMENT EXPENSE $633,312 TOTAL EXPENDITURE FOR AND INVESTMENTS IN REGION $41,634,531 EUROPE (INCLUDING ICELAND AND GREENLAND) INVESTMENT BOOK VALUE END-OF-YEAR $891 INVESTMENT EXPENSE $41 TOTAL EXPENDITURE FOR AND INVESTMENTS IN REGION $932 X X 1 1 X X X X 0 0 0 0 0 0 0 1 0 ALBERT A DORMAN 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 RICHARD D JONES TRUSTEE 475000 0 0 0 0 0 0 0 0 0 475000 0 0 0 JOHN WHITING Through 43015 VP, Cao, cfo 128333 0 0 0 1320 0 26000 0 5710 0 161363 0 0 0 ROBERT S WILLIAMS PRESIDENT 765000 0 0 0 14544 0 39000 0 12126 0 830670 0 0 0 VINCENT S MOSELEY CFO AND VP OF FINANCE 321870 0 0 0 866 0 39000 0 16395 0 378131 0 0 0 DEEPAK SRIVASTAVA Director 522830 0 48062 0 900 0 39000 0 16395 0 627187 0 0 0 LENNART MUCKE DIRECTOR 474410 0 0 0 2580 0 39000 0 5801 0 521791 0 0 0 WARNER GREENE Director 427170 0 0 0 7620 0 39000 0 12126 0 485916 0 0 0 ERIC VERDIN SENIOR INVESTIGATOR 295801 0 95383 0 2023 0 39000 0 16395 0 448602 0 0 0 ROBERT MAHLEY PRESIDENT EMERITUS 413230 0 0 0 12360 0 39000 0 12126 0 476716 0 0 0 STEPHEN FREEDMAN VP FOR CORP LIAISON & VENT 391030 0 20000 0 3960 0 25500 0 12126 0 452616 0 0 0 STEVEN FINKBEINER SR. INVESTIGATOR 386280 0 0 0 1270 0 39000 0 16395 0 442945 0 0 0 Todd C McDevitt SENIOR INVESTIGATOR 250000 0 113731 0 450 0 0 0 5801 0 369982 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 RELOCATION LOANS PROVIDED TO DEEPAK SRIVASTAVA, ERIC VERDIN, AND TODD MCDEVITT 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 790000 400000 0 1 1 robert S Williams president housing X 2000000 1350000 0 1 1 1750000 X 1 59255 fmv X Agilent custom DNA Oligonucleotide micro-arrays (DNA Segments) 1 63800 FMV 0 0 0 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 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, 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 2015 REPORT WAS COMPLETED 12/11/15. THE PRESIDENT AND DIRECTORS' COMPENSATION IS APPROVED BY THE UNIVERSITY OF CALIFORNIA, SAN FRANCISCO VICE DEAN EACH YEAR. 2015 SALARIES WERE APPROVED ON JANUARY 14, 2015. 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 14, 2015. 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 and expenses: Program service expenses 697,525. Management and general expenses 238,987. Fundraising expenses 172,893. Total expenses 1,109,405. Consultant - VISA: Program service expenses 109,684. Management and general expenses 8,695. Fundraising expenses 0. Total expenses 118,379. banking fees: Program service expenses 0. Management and general expenses 4,354. Fundraising expenses 723. Total expenses 5,077. honoraria: Program service expenses 15,300. Management and general expenses 4,100. Fundraising expenses 0. Total expenses 19,400. temp agency labor: Program service expenses 247,285. Management and general expenses 199,962. Fundraising expenses 25,520. Total expenses 472,767. Licenses, Permits, and Fees: Program service expenses 161,202. Management and general expenses 500. Fundraising expenses 0. Total expenses 161,702. outside services: Program service expenses 224,938. Management and general expenses 0. Fundraising expenses 0. Total expenses 224,938. Membership, Dues, and Subscriptions: Program service expenses 76,897. Management and general expenses 0. Fundraising expenses 13,562. Total expenses 90,459. Repairs and Maintenances - Building: Program service expenses 464,262. Management and general expenses 0. Fundraising expenses 0. Total expenses 464,262. Repairs and Maintenances - Equipment: Program service expenses 307,165. Management and general expenses 0. Fundraising expenses 0. Total expenses 307,165. Waste Disposal - Hazardous and Radioactive: Program service expenses 144,308. Management and general expenses 0. Fundraising expenses 0. Total expenses 144,308. Seminar & Training Program Support: Program service expenses 275,372. Management and general expenses 0. Fundraising expenses 84. Total expenses 275,456. Service Contracts: Program service expenses 1,519,283. Management and general expenses 380. Fundraising expenses 0. Total expenses 1,519,663. Subcontracts w/ IDC-1st $25,000 : Program service expenses 180,361. Management and general expenses 0. Fundraising expenses 0. Total expenses 180,361. Subcontracts w/out IDC -> $25,000 : Program service expenses 3,470,370. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,470,370. Form 990, Part XI, line 9: k-1 ubit income allocation 2,192,279. Minority Interest -286,760. Gladstone Foundation 1650 Owens St San Francisco CA 94158 900688001 Fundraising CA 509(A)(1) 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 2 LLC (sold in 2015) 13949 Ventura Blvd Ste 300 Sherman Oaks CA 91423 465113049 Real Estate CA N/A 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 GRE LLC 1650 Owens St San Francisco CA 94158 260331566 REIT DE N/A C 691644 45627837 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 -26555 10911 1.00000 0 0 0 0 0 0 1 0 0 0 0 0 0 1 1 1 0 1 1 1 gre llc F 1530000 cash gre llc (under 50000) Q 0 reimbursement of expenses I/C acc Cure Network Venture Inc R 10000 IP - capital contribution gre llc S 360000 cash - return of capital GLADSTONE FOUNDATION R 3469783 INTERCOMPANY TRANSFERS GLADSTONE FOUNDATION (UNDER 50000) M GLADSTONE FOUNDATION (UNDER 50000) N gLADSTONE FOUNDATION (UNDER 50000) O gLADSTONE FOUNDATION (UNDER 50000) Q