2014-11-11T14:44:52-06:00 2013-12-31 910189318 MOSS ADAMS LLP 101 SECOND STREET 9TH FLOOR SAN FRANCISCO CA 94105 990 2013-01-01 237203666 THE J DAVID GLADSTONE INSTITUTES JDAV 4157342000 1650 OWENS STREET SAN FRANCISCO CA 94158 JOHN WHITING VP AND CFAO 4157342000 2014-11-07 PATRICIA J MAYER P00188643 4159561500 2013 2015-11-30 17:44:51Z JOHN WHITING 1650 OWENS STREET SAN FRANCISCO CA 94158 106896927 0 X WWW.GLADSTONEINSTITUTES.ORG X 1972 CA TO USE VISIONARY SCIENCE AND TECHNOLOGY TO OVERCOME MAJOR UNSOLVED DISEASES. 3 0 534 85 -101201 -101201 10796559 2914056 60457987 55917786 16356251 20941960 501637 391084 88112434 80164886 0 0 0 0 40086918 40654911 0 0 1227930 42834099 38188068 82921017 78842979 5191417 1321907 311301015 292117051 155322409 137176462 155978606 154940589 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 17965781 14954944 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. 24781870 18977152 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. 18469873 16781626 THE INSTITUTE OF NEUROLOGICAL DISEASE FOCUSES ITS RESEARCH ON THE PATHOGENESIS OF ALZHEIMER'S AND OTHER MAJOR NEURODEGENERATIVE DISEASES. 5482848 5204064 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. 5482848 5204064 66700372 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 1 0 0 0 0 1 1 1 1 0 0 1 110 0 1 534 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 JOHN WHITING 4157342000 1650 OWENS STREET 120B SAN FRANCISCO CA 94158 ALBERT A DORMAN TRUSTEE 25.00 X 475000 0 0 RICHARD D JONES TRUSTEE 25.00 X 475000 0 0 ANDREW S GARB TRUSTEE 25.00 X 475000 0 0 ROBERT S WILLIAMS PRESIDENT 40.00 X 699671 0 82316 JOHN WHITING VP, CHIEF ADMIN OFFICER, C 40.00 X 345404 0 43645 DEEPAK SRIVASTAVA LAB DIRECTOR 40.00 X 539390 0 56145 WARNER GREENE LAB DIRECTOR 40.00 X 394494 0 51238 LENNART MUCKE LAB DIRECTOR 40.00 X 431434 0 44420 ERIC VERDIN SENIOR INVESTIGATOR 40.00 X 378662 0 56145 ROBERT MAHLEY PRESIDENT EMERITUS 40.00 X 390358 0 51238 STEPHEN FREEDMAN VP FOR CORP LIAISON & VENT 40.00 X 354182 0 38738 VINCENT E MOSELEY VP FOR FINANCE 40.00 X 274235 0 56065 STEPHEN FINKBEINER SR. INVESTIGATOR 40.00 X 275957 0 56145 5508787 0 536095 50 0 1 0 BOZICEVIC FIELD & FRANCIS 1900 UNIVERSITY AVE 200 EAST PALO ALTO CA 94303 LEGAL SERVICES 279310 ISIS SERVICES PO BOX 20466 TAMPA FL 33622 LAB TESTING SERVICES 201268 HOGAN LOVELLS US LLP 525 UNIVERSITY AVE 4TH FLOOR PALO ALTO CA 94301 LEGAL SERVICES 194749 PROFECTUS PHARMA CONSULTING 1176 CLARK WAY SAN JOSE CA 95125 CONSULTING SERVICES 191376 MOSS ADAMS LLP 9665 GRANITE RIDGE DRIVE 600 SAN DIEGO CA 92123 ACCOUNTING SERVICES 127905 7 2914056 2914056 GOVERNMENT CONTRACTS 900099 34159476 34159476 OTHER GRANT INCOME 900099 19805723 19805723 LABORATORY INCOME 900099 1063966 1063966 INTELLECTUAL PROPERTY INCOME 900099 888621 888621 55917786 10303814 10303814 1425505 1159680 265825 265825 265825 36210507 25569561 2800 10640946 -2800 10638146 10638146 OTHER REVENUE 900099 226460 226460 COMMONFUND SCHEDULES K-1 PASSTHRO 900099 -101201 -101201 125259 80164886 55917786 -101201 21434245 4113157 3384257 728900 27108230 20991203 5306651 810376 2450000 1992830 457170 5000457 3774600 937222 288635 1983067 1613037 370030 743175 674229 68946 129626 126 129500 254315 254315 7161681 6671860 439020 50801 7923921 7918415 82 5424 516333 510662 5671 108991 108991 2550087 2243485 306602 1236995 1159668 42519 34808 5891551 5072140 819411 6503893 5655004 848889 953783 754232 199551 ANIMALS 3119532 3119532 ALL OTHER EXPENSES 567520 555483 1410 10627 TELEPHONE & COMMUNICATI 235090 218192 3520 13378 PRINTING & PUBLICATION 157228 150132 7096 134347 132294 939 1114 78842979 66700372 10914677 1227930 6311703 3493911 3988172 1297488 16373749 15902881 3753085 2977569 2745000 2437500 12626650 26395781 1499580 3446058 158441315 50008836 112352575 108432479 68134521 56510066 55193615 65706719 1472236 1405323 26850129 4111276 311301015 292117051 5279277 3331122 7974420 10147493 117835000 115210000 16000000 0 8233712 8487847 155322409 137176462 X 136048794 137487304 14929812 12453285 5000000 5000000 155978606 154940589 311301015 292117051 X 1321907 4662457 -7022381 X 0 1 X 1 1 1 X SAN FRANCISCO GENERAL HOSPITAL SAN FRANCISCO CA RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19929812 2203938 4680465 17453285 13898717 10148795 4117700 19929812 12043203 4829571 2974057 13898717 7395422 7177855 319568 2849642 12043203 5895428 4479742 91225 3070973 7395422 0.00000 0.29000 0.71000 0 0 13546625 13546625 56195445 11247619 44947826 50962394 15857286 35105108 35360476 21830748 13529728 2376375 1073183 1303192 108432479 OTHER REAL ESTATE INVESTMENTS 2105443 F IZUMI BIO 32000 F OZ OVERSEAS FUND 100255 F PASSPORT OFFSHORE LTD 2070810 F SANSAR CAPITAL 4513 F TACONIC OPPORTUNITY CI A 3134933 F FIR TREE INTL VALUE 4772411 F GLENVIEW CAPITAL PARTNERS 3380095 F SANKATY CR OPPORTUNITIES FUND LP 351928 F SANKATY CR OPPORTUNITIES FUND III 1918946 F MASON CAPITAL LTD 5111807 F HBK INVESTMENTS 3474667 F DAVIDSON KEMPNER 3051855 F VIKING GLOBAL INVESTORS 5888023 F OWL CREEK OVERSEAS FUND 651995 F ARCHIPELAGO HLDGS LTD (WELLINGTON) 2163172 F MILLENIUM INTERNATIONAL LTD 6799306 F COMMONFUND CEP V 1172964 F LONE STAR FUND VI, LP 2030377 F COMMONFUND CEP VI 991261 F VENTURE LENDING AND LEASING III 87525 F VISIUM GLOBAL OFFSHORE 2967157 F PRIME FINANCE PARTNERS III 921400 F PRIMEXX ENERGY OPPORTUNITY FUND,LP 10000000 F KKR INCOME & GROWTH FUND 438721 F HOPLITE OFFSHORE FUND 2085155 F 65706719 457(B) TIAA-CREF PLAN LIABILITY 1022102 ACCRUED PAYROLL LIABILITY 2564331 BOND INTEREST PAYABLE 1432649 BOND PREMIUM - MISSION BAY 257418 FLEXIBLE BENEFITS PAYABLE 98734 HEALTH CLAIMS RESERVE 150000 PENSION PAYABLE 2695724 POST-DOC PENSION PLAN PAYABLE 117016 REFUND CLEARING ACCOUNT 10788 TENANT SECURITY DEPOSITS 39085 KAISER 100000 8487847 X 100038061 4695874 22200783 26896657 73141404 7023481 7023481 80164885 86026042 7184163 7184163 78841879 1100 1100 78842979 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, 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, 2013 AND 2012, THE INSTITUTES HAD APPROXIMATELY $2,175,000 AND $2,177,000 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 IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY TAXING AUTHORITIES FOR YEARS BEFORE 2010 FOR ITS FEDERAL FILINGS AND FOR YEARS BEFORE 2009 FOR ITS STATE FILINGS. THE INSTITUTES HAD NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2013 AND 2012. PART XI, LINE 2D - OTHER ADJUSTMENTS: CONSOLIDATING ADJUSTMENT 21,041,103. RENTAL EXPENSE RECLASS 1,159,680. PART XI, LINE 4B - OTHER ADJUSTMENTS: BOND INTEREST EXPENSE RELATED TO BOND RESERVE 1,100. UBIT ALLOCATION FROM K-1'S -101,201. BOOK/TAX DIFFERENCE - RETURN OF CAPITAL 7,123,582. PART XII, LINE 2D - OTHER ADJUSTMENTS: CONSOLIDATING ADJUSTMENT 6,024,483. RENTAL EXPENSE RECLASS 1,159,680. PLUG PART XII, LINE 4B - OTHER ADJUSTMENTS: BOND INTEREST EXPENSE RELATED TO BOND RESERVE 1,100. CENTRAL AMERICA AND THE CARIBBEAN - INVESTMENTS 44218850 EUROPE (INCLUDING ICELAND & GREENLAND) - INVESTMENTS 2099018 0 0 0 0 0 0 46317868 0 46317868 1 0 0 0 0 0 SCHEDULE F, PART I: CENTRAL AMERICA AND THE CARIBBEAN INVESTMENT BOOK VALUE END-OF YEAR $43,585,344 INVESTMENT EXPENSE $633,506 TOTAL EXPENDITURE FOR AND INVESTMENTS IN REGION $44,218,850 EUROPE (INCLUDING ICELAND AND GREENLAND) INVESTMENT BOOK VALUE END-OF YEAR $2,070,810 INVESTMENT EXPENSE $28,208 TOTAL EXPENDITURE FOR AND INVESTMENTS IN REGION $2,099,018 X 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 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 675000 0 0 0 24671 0 37500 0 44816 0 781987 0 0 0 JOHN WHITING VP, CHIEF ADMIN OFFICER, C 345404 0 0 0 0 0 25000 0 18645 0 389049 0 0 0 DEEPAK SRIVASTAVA LAB DIRECTOR 417272 0 30000 0 92118 0 37500 0 18645 0 595535 0 0 0 WARNER GREENE LAB DIRECTOR 394494 0 0 0 0 0 37500 0 13738 0 445732 0 0 0 LENNART MUCKE LAB DIRECTOR 431434 0 0 0 0 0 37500 0 6920 0 475854 0 0 0 ERIC VERDIN SENIOR INVESTIGATOR 238279 0 45000 0 95383 0 37500 0 18645 0 434807 0 0 0 ROBERT MAHLEY PRESIDENT EMERITUS 390358 0 0 0 0 0 37500 0 13738 0 441596 0 0 0 STEPHEN FREEDMAN VP FOR CORP LIAISON & VENT 341182 0 13000 0 0 0 25000 0 13738 0 392920 0 0 0 VINCENT E MOSELEY VP FOR FINANCE 274235 0 0 0 0 0 37500 0 18565 0 330300 0 0 0 STEPHEN FINKBEINER SR. INVESTIGATOR 235957 0 40000 0 0 0 37500 0 18645 0 332102 0 0 0 PART I, LINE 1A FIRST CLASS TRAVEL- THE INSTITUTE HAS 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 AND ERIC VERDIN ARE GROSSED UP AND INCLUDED AS TAXABLE COMPENSATION. HEALTH OR SOCIAL CLUB DUES- MEMBERSHIP DUES FOR SOCIAL CLUB USE BY PRESIDENT EMERITUS ARE PAID BY THE INSTITUTE. THE AMOUNT IS NOT INCLUDED AS TAXABLE INCOME AND IS USED 100% FOR BUSINESS PURPOSES. PART I, LINE 7 NONDISCRETIONARY BONUS PAYMENTS WERE PAID BASED ON PERSON'S 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 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 DEEPAK SRIVASTAVA KEY EMPLOYEE RELOCATION/HOUSING X 790000 487500 0 1 1 ROBERT S WILLIAMS PRESIDENT RELOCATION/HOUSING X 2000000 1600000 0 1 1 ERIC VERDIN HIGHLY COMPENSATED EMPLOYEE RELOCATION/HOUSING X 500000 350000 0 1 1 2437500 ROBERT S WILLIAMS BOARD MEMBER AT BRISTOL-MYERS SQUIBB COMPANY 2573489 IN 2011, THE ORGANIZATION ENTERED INTO A STRATEGIC COLLABORATION AGREEMENT WITH BRISTOL-MYERS SQUIBB COMPANY.FUNDING PROVIDED TO GLADSTONE IN 2013 WAS FOR SCIENTIFIC RESEARCH AND PAYMENT FOR LICENSING FEES. 0 ANDREW GARB BOARD MEMBER AT WHITTER TRUST COMPANY 253400 INVESTMENT ADVISOR 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 FORM 990, PART VI, 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 2013 REPORT WAS COMPLETED 1/14/14. THE PRESIDENT AND DIRECTORS' COMPENSATION IS APPROVED BY THE UNIVERSITY OF CALIFORNIA, SAN FRANCISCO VICE DEAN EACH YEAR. 2013 SALARIES WERE APPROVED ON 2/4/13. THE INSTITUTES PRESIDENT AND EXECUTIVE DIRECTOR 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, 2013. 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 XI, LINE 9: K-1 UBIT INCOME ALLOCATION 101,201. BOOK/TAX DIFFERENCE - RETURN OF CAPITAL -7,123,582. 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