2013-08-12T16:54:06-05:00 2012-09-30 PricewaterhouseCoopers LLP 125 High Street Boston MA 02110 990 2011-10-01 951643307 California Institute of Technology % MATTHEW W BREWER CALI 6263956744 1200 E California Blvd Pasadena CA 91125 MATTHEW W BREWER 2013-08-12 true PRICEWATERHOUSECOOPERS LLP 6175305000 2011 2016-02-24 21:20:13Z EDWARD M STOLPER 1200 E CALIFORNIA BLVD pasadena CA 91125 2824734000 false X www.caltech.edu X 1891 CA SEE SCHEDULE O 60 54 10262 475 3567000 -8971481 411867000 415694000 1734463000 1720747000 84832000 93092000 26317000 21235000 2257479000 2250768000 70392000 73520000 0 0 1208877000 1165658000 0 0 8803000 993081000 1005864000 2272350000 2245042000 -14871000 5726000 3552407000 4115199000 1509729000 1934760000 2042678000 2180439000 X SEE SCHEDULE O false false 308473000 73445000 148578000 INSTRUCTION AND ACADEMIC SUPPORT AT THE CAMPUS. 281032000 0 17168000 ORGANIZED RESEARCH AT THE CAMPUS. 1541968000 0 1541968000 Sponsored research at the Jet Propulsion Laboratory. 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KIPLING HAGOPIAN 1.0 X Frederick J Hameetman 1.0 X Shirley M Hufstedler 1.0 X MARIA D HUMMER-TUTTLE 1.0 X Bobby R Inman 1.0 X Robert T Jenkins 1.0 X Peter D Kaufman 1.0 X Louise Kirkbride 1.0 X WALTER G KORTSCHAK 1.0 X Kent Kresa 1.0 X Jon B Kutler 1.0 X Louis J Lavigne Jr 1.0 X David L Lee 1.0 X York Liao 1.0 X Alexander Lidow 1.0 X Ronald K Linde 1.0 X A Michael Lipper 1.0 X Shirley M Malcom 1.0 X Deborah D McWhinney 1.0 X Richard N Merkin 1.0 X Philip M Neches 1.0 X Patrick H Nettles Jr 1.0 X Peter Norton 1.0 X Ronald L Olson 1.0 X Stephen R Onderdonk 1.0 X Pedro J Pizarro 1.0 X Stewart A Resnick 1.0 X Nelson C Rising 1.0 X Stephen A Ross 1.0 X James F Rothenberg 1.0 X Marc I Stern 1.0 X Donald W Tang 1.0 X KEVIN M TAWEEL 1.0 X DAVID W THOMPSON 1.0 X Charles R Trimble 1.0 X Lewis W van Amerongen 1.0 X Walter L Weisman 1.0 X Gayle E Wilson 1.0 X Jay S Wintrob 1.0 X RICHMOND A WOLF 1.0 X Suzanne H Woolsey 1.0 X JEAN-LOU A CHAMEAU 40.0 X X 796191 96692 MATTHEW W BREWER 40.0 X 180440 0 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segundo blvd 6th EL SEGUNDO CA 902454655 Aerospace 90925022 BLUE CROSS OF CALIFORNIA 21555 OXNARD STREET AC-106 WOODLAND HILLS CA 913674943 HEALTHCARE 76443141 ITT CORPORATION 5009 centennial blvd COLORADO SPRINGS CO 809162153 OPERATING DSN 56858741 LOCKHEED MARTIN INTEGRATED SYSTEMS 7375 executive place SEABROOK MD 207062278 aerospace 31647452 889 296027000 119667000 5426651 415694000 JPL AND OTHER AWARDS 900099 1603309000 1603309000 STUDENT TUITION 611600 82268000 82268000 USE OF FACILITIES 900099 22137000 22137000 AUXILIARY ENTERPRISES 900099 13033000 8945000 4088000 1720747000 19635000 -581000 20216000 0 7107000 7107000 98000 4000 94000 94000 94000 642886000 398000 569468000 359000 73418000 39000 73457000 73457000 0 0 18109000 4135000 13974000 13974000 ADVERTISING AND FILMING 900099 60000 60000 60000 2250768000 113350000 3567000 1718157000 7575000 7575000 65767000 65767000 178000 178000 0 7614000 2827000 3801000 986000 5304000 4470000 834000 890161000 855176000 30798000 4187000 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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 MAY POTENTIALLY HAVE ANY RELATIONSHIP TO LOBBYING. THIS AMOUNT INCLUDES ALL OFFICE BUDGET EXPENDITURES OF THE INSTITUTE'S OFFICE OF GOVERNMENT RELATIONS, OF WHICH ONLY A FRACTION IS EXPENDED FOR LOBBYING ACTIVITIES. THE INSTITUTE IS A MEMBER OF CERTAIN PROFESSIONAL AND ACADEMIC ORGANIZATIONS THAT HAVE EMPLOYEES 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 1624331000 48421000 247221000 15692000 77320000 15464000 1811497000 1631959000 106064000 -10788000 13767000 75029000 14108000 1624331000 1507019000 81279000 151556000 15015000 73401000 19479000 1631959000 1659458000 75041000 -125638000 19010000 82832000 1507019000 0.31200 0.67200 0.01600 false false 37738000 37738000 951350000 329446000 621904000 513595000 367042000 146553000 67573000 0 67573000 873768000 ALTERNATIVE SECURITIES 712110000 F PRIVATE EQUITY 194384000 F REAL ASSETS 294414000 F 1200908000 0 ACCUMULATED POST RET. BENEFIT 662904000 662904000 2250768000 2245042000 5726000 160506000 -28471000 132035000 137761000 2362295000 160506000 -53114000 107392000 2254903000 -4135000 -4135000 2250768000 2196063000 8598000 8598000 2187465000 4976000 52601000 57577000 2245042000 FORM 990, 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. FORM 990, SCHEDULE D, PART III, LINE 4 CALTECH MAINTAINS A COLLECTION OF INSTITUTIONAL RECORDS, DOCUMENTs, ARTIFACTS, and SPECIMENS FOR HISTORICAL PRESERVATION, INSTRUCTION, AND SCHOLARLY RESEARCH. FORM 990, 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. FORM 990, SCHEDULE D, PART V, LINE 4 The Institute's endowment functions to provide income to support the Institute's mission of scientific research and education. Form 990, Schedule D, Part VII, Line 3(A) Alternative Securities include, but are not limited to, substantial INVESTMENT holdings that are illiquid and/or contain various redemption restrictions. FORM 990, SCHEDULE D, PART X, LINE 2 THE INSTITUTE IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF INTERNAL REVENUE CODE ("IRC") SECTION 501(C)(3). THE INSTITUTE IS ALSO GENERALLY EXEMPT FROM PAYMENT OF CALIFORNIA STATE INCOME, GIFT, ESTATE, AND INHERITANCE TAXES. THE INSTITUTE HAS NO REPORTING REQUIREMENTS FOR UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED SEPTEMBER 30, 2012 AND 2011. FORM 990, SCHEDULE D, PART XI, LINE 8 LOSS ON DISPOSAL OF PROPERTY ($4,407,000) CHANGES IN POST EMPLOYMENT BENEFIT OBLIGATIONS ($19,429,000) LOSS ON RETIREMENT OF BONDS ($4,635,000) TOTAL ($28,471,000) FORM 990, SCHEDULE D, PART XII, LINE 2D RECLASSify FINANCIAL AID NETTED WITH TUITION ($48,138,000) INVESTMENT EXPENSE ($4,976,000) TOTAL ($53,114,000) FORM 990, SCHEDULE D, PART XII, LINE 4B COST OF GOODS SOLD ($8,598,000) RECLASSification OF INTERNAL SALES $4,463,000 Total ($4,135,000) FORM 990, SCHEDULE D, PART XIII, LINE 2D COST OF GOODS SOLD $8,598,000 FORM 990, SCHEDULE D, PART XIII, LINE 4B RECLASSification of INTERNAL SALES $4,463,000 FINANCIAL AID EXPENSE $48,138,000 Total $52,601,000 true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 THE INSTITUTE'S RACIALLY NONDISCRIMINATORY POLICY IS CONTAINED IN THE MINUTES OF THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES OF FEBRUARY 1976. THE STATEMENT OF THIS POLICY OR REFERENCE THERETO APPEARS IN ALL OF THE INSTITUTE'S CATALOGS, BROCHURES, AND OTHER WRITTEN COMMUNICATIONS WITH THE PUBLIC DEALING WITH STUDENT ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS. THE INSTITUTE SATISFIED THE PUBLICATIONS REQUIREMENT BY VIRTUE OF ITS COMPLIANCE WITH SECTION 4.02 AS PROVIDED IN SECTION 4.03-2(B). 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. Central America and the Caribbean 0 0 Investments 526384802 Central America and the Caribbean 0 0 Program Services SCIENTIFIC RESEARCH 16315 East Asia and the Pacific 0 0 Investments 1984441 East Asia and the Pacific 0 0 Program Services SCIENTIFIC RES & EDU 3236731 Europe (Including Iceland and Greenland) 0 0 Investments 88746449 Europe (Including Iceland and Greenland) 4 17 Program Services SCIENTIFIC RES & EDU 14904853 Middle East and North Africa 0 0 Investments 1271040 Middle East and North Africa 0 0 Program Services SCIENTIFIC RESEARCH 154725 North America 0 0 Investments 18253179 North America 0 0 Program Services SCIENTIFIC RESEARCH 2492029 Russia and the Newly Independent States 0 0 Investments 2533059 Russia and the Newly Independent States 0 0 Program Services SCIENTIFIC RESEARCH 198830 South America 0 0 Investments 13233380 South America 0 0 Program Services SCIENTIFIC RESEARCH 451843 Sub-Saharan Africa 0 0 Investments 227825 Sub-Saharan Africa 0 0 Program Services SCIENTIFIC RESEARCH 92647 South Asia 0 0 Program Services SCIENTIFIC RESEARCH 428282 4 17 4 17 674610430 674610430 STUDY ABROAD East Asia/Pacific 1 11500 WIRE TRANS 0 STUDY ABROAD Europe/Iceland/Greenland 22 166500 WIRE TRANS 0 true false true true true true Form 990, 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. FORM 990, 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). true CALTECH Y 1200 E CALIFORNIA BLVD PASADENA CA 91125 951684790 501(C)(3) 75000 ASSIST RELATED ORG. TMT OBSERVATORY CORPORATION 1111 S ARROYO PKWY PASADENA CA 91105 200988966 501(c)(3) 7500000 Scientific Collab. 2 student aid 1702 65767000 form 990, 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 NEED, 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 ALLOWS THE CALTECH ALUMNI ASSOCIATION THE USE OF FACILITIES ON CAMPUS FREE OF CHARGE. THE CALTECH ALUMNI ASSOCIATION IS A RELATED ORGANIZATION WHOSE MISSION IS TO PROVIDE EDUCATIONAL AND OTHER PROGRAMS FOR CALTECH ALUMNI AND STUDENTS. TMT DEVELOPMENT CORPORATION COLLABORATES WITH THE INSTITUTE ON THE THIRTY METER TELESCOPE PROJECT. THE INSTIUTE ALLOWS THE CHILDREN'S CENTER AT CALTECH THE USE OF FACILITIES ON CAMPUS FREE OF CHARGE. THE CHILDREN'S CENTER IS AN UNRELATED NONPROFIT ORGANIZATION WHOSE MISSION IS TO PROVIDE CHILD CARE SERVICES TO PARENTS THAT LIVE IN THE VICINITY OF CALTECH OR ARE EMPLOYED BY CALTECH. INSTITUTE OFFICES MONITOR THE GRANTEE'S PERFORMANCE ACCORDING TO THEIR RESPECTIVE PROGRAM SERVICES GOALS AND/OR PURSUANT TO OTHER AGREEMENTS. FORM 990, SCHEDULE I, PART III, COLUMN (C) CASH GRANTS REPRESENT CREDIT ON ACCOUNTS. X X X true true X X X true true false false false false false true false JEAN-LOU A CHAMEAU 779691 0 16500 38012 0 58680 0 892883 0 0 0 MATTHEW W BREWER 180440 0 0 0 0 0 20233 0 15678 0 216351 0 0 0 DEAN CURRIE 511274 10000 8421 38012 0 24776 0 592483 0 0 0 PETER B DERVAN 324991 0 0 38012 0 26302 0 389305 0 0 0 CHARLES ELACHI 490524 186623 0 38012 0 12218 0 727377 0 0 0 PETER D HERO 133161 0 54916 15839 0 5964 0 209880 0 0 0 MADELINE WAY LEE 133916 15793 0 13813 0 20032 0 183554 0 0 0 JENNIFER THERESA LUM 211936 1579 0 26560 0 33766 0 273841 0 0 0 SHARON E PATTERSON 274686 7000 35046 28212 0 9656 0 354600 0 0 0 SCOTT H RICHLAND 364828 0 24103 172058 0 30841 0 591830 0 0 0 ANNEILA I SARGENT 306127 0 0 38012 0 22741 0 366880 0 0 0 EDWARD M STOLPER 463916 10000 16500 38012 0 13014 0 541442 0 0 0 VICTORIA D STRATMAN 352926 3000 24530 38012 0 18813 0 437281 0 0 0 MARY L WEBSTER 197164 5000 15600 32702 0 10938 0 261404 0 0 0 Firouz M Naderi 322572 0 16500 38012 0 10522 0 387606 0 0 0 EUGENE L TATTINI 371078 68793 16500 38012 0 7558 0 501941 0 0 0 DAVID BALTIMORE 345399 0 41824 38012 0 21829 0 447064 0 0 0 JOHN F HALL 129313 0 0 18048 0 15117 0 162478 0 0 0 CHRIS JONES 295756 3000 16500 38012 0 15417 0 368685 0 0 0 JAKOB VAN ZYL 290892 5000 16500 28212 0 10158 0 350762 0 0 0 EDWARD STONE 300984 0 102385 38012 0 21529 0 462910 0 0 0 DEBORAH GOODMAN 19953 0 335362 38012 0 1961 0 395288 0 0 0 COLIN CAMERER 329938 0 16500 28212 0 6895 0 381545 0 0 0 JEAN-LAURENT ROSENTHAL 286115 0 0 0 56692 0 28212 0 16439 0 387458 0 0 0 form 990, schedule j, part i, line 1a first class travel: Pursuant to a written policy, first class travel is permitted for certain senior officers for business purposes. Travel for business purposes is not included in taxable wages. Companion Travel: Pursuant to the individual's employment agreement and a written policy, spouses of certain senior officers are permitted to travel with the officer if a business purpose exists. Spousal travel for business purposes is not included in taxable wages. Housing Allowance: Housing allowances are provided to certain officers, former officers, and highest compensated employees as part of the Institute's Salary Supplement Housing Program, which is governed by a written policy. 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 I, Column (D) include $38,897 as an estimate of the value of the personal space occupied in that residence. FORM 990, SCHEDULE J, PART I, LINE 4A Schedule J, Part I, column B(iii) includes A SEPARATION PAYMENT MADE IN 2011 TO DEBORAH GOODMAN TOTALING $269,515. THIS PAYMENT MEETS THE IRS DEFINITION OF SEVERANCE AS PER SCHEDULE J INSTRUCTIONS. FORM 990, SCHEDULE J, PART I, LINE 4B TERMS AND CONDITIONS OF DEFERRED PERFORMANCE COMPENSATION PLAN FOR INVESTMENT PROFESSIONALS: IN 2011 THE INSTITUTE ESTABLISHED A PERFORMANCE COMPENSATION 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 INVESTMENTS AS MEASURED BY CERTAIN QUALITATIVE AND QUANTITATIVE FACTORS. THE DEFERRED AMOUNTS ARE SUBJECT TO RISK OF FORFEITURE IF THE INDIVIDUAL IS NOT EMPLOYED BY THE INSTITUTE AS OF THE DATE OF PAYMENT. form 990, schedule j, part II, 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 contract. Bonus recipients' names and amounts paid are shown in schedule J, part II, column (ii). SCOTT H. RICHLAND - CHIEF INVESTMENT OFFICER: THE INSTITUTE OFFERS INCENTIVE COMPENSATION TO CERTAIN INVESTMENT PROFESSIONALS BASED UPON THE INSTITUTE'S INVESTMENT PERFORMANCE. SEE RESPONSE TO QUESTION 4B ABOVE. CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130178EZ5 2006-07-12 165000000 CONSTRUCTION AND REFUNDING false false false CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130178TE6 2009-07-28 80696800 CONSTRUCTION false false false 0 0 184062305 0 0 0 1340480 0 0 93471825 89250000 0 2010 false true true true 0 0 80796565 0 0 0 992698 0 0 79803867 0 0 2010 false false true true false true false true true 0.01700 0.00100 0.01800 true false true true true true true 0.00000 0.00000 0.00000 true false true true BANK OF NY MELLON 30.3 false false true CITIGRP GLOBAL TRADE 2. true false true false false false 0 false false false 0 false true X DIFFERENCE BETWEEN AMOUNT IN PART I, (E) AND PART II, 3 IS DUE TO INTEREST 0 EARNED ON INVESTED PROCEEDS. THE ISSUE DATE OF THE BONDS REFUNDED BY THE SERIES 2006 BONDS IS 0 DEAN W CURRIE relocation loan X 350000 350000 false true true 350000 67563 SEE PART V ROBERT BONNER TRUSTEE 31304 FAMILY MEMBER EMPLOYED BY CIT false JEAN-LOU A CHAMEAU PRESIDENT 118562 FAMILY MEMBER EMPLOYED BY CIT false PETER DERVAN VP FOR DEV AND INST REL 387731 FAMILY MEMBER EMPLOYED BY CIT false STEVEN ONDERDONK TRUSTEE 144431 FAMILY MEMBER EMPLOYED BY CIT false PEDRO J PIZARRO TRUSTEE 109534 FAMILY MEMBER EMPLOYED BY CIT false ANNEILA I SARGENT VP FOR STUDENT AFFAIRS 247820 FAMILY MEMBER EMPLOYED BY CIT false EDWARD M STOLPER PROVOST 140908 FAMILY MEMBER EMPLOYED BY CIT false VICTORIA D STRATMAN GENERAL COUNSEL 62130 FAMILY MEMBER EMPLOYED BY CIT false MARY L WEBSTER SECRETARY 87723 FAMILY MEMBER EMPLOYED BY CIT false CANYON CAPITAL ADVISORS LLC SEE PART V 40000000 SEE PART V false ORBITAL SCIENCES CORPORATION SEE PART V 20759675 SEE PART V false PART III, LINE 1 FAMILY MEMBER OF INTERESTED PERSON RECEIVING GRADUATE FELLOWSHIP WHILE ATTENDING CALTECH. PART IV BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS A. Name of Person: Canyon Capital Advisors LLC ("Canyon") B. Relationship between Interested Person and Organization: Joshua S. Friedman, a trustee of the Institute, is also a Founding Partner, Co-Chairman and Co-CEO of Canyon. C. Amount of Transaction: cost - $40,000,000; market value as of 9/30/2012 - $46,972,071 D. Description of Transaction: The Institute invested in a fund managed by Canyon after an independent committee of trustees considered the transaction in accordance with Caltech policy and determined that: The transaction was fair and reasonable as to the Institute and the economic benefit provided by the Institute did not exceed the fair market value of the consideration received by the Institute; the transaction was entered into solely for the benefit of the Institute; and the Institute could not have obtained a more advantageous arrangement with reasonable effort under the circumstances. The recommendation of the committee to proceed with the transaction was approved by the full Board of Trustees. Mr. Friedman did not participate in and was excluded from the Institute's deliberations and decisions with respect to this transaction. Total fees and expenses paid for the Institute's investment in the Canyon Structured Assets Fund between 10/24/2011 and 9/30/2012 equal $654,874.31. In addition, the account has accrued (but not yet finalized and paid) $1,735,335.32 in incentive fees over the same period. As of September 30, 2012, Canyon had assets under management of approximately $15 billion. A. Name of Person: Orbital Sciences Corporation ("Orbital") B. Relationship between Interested Person and Organization: David W. Thompson, a trustee of The Institute is also Chairman, CEO and President of Orbital. C. Amount of Transaction: aggregate $20,759,675 for the year ended September 30, 2012 D. Description of Transaction: Orbital is a U.S. based company that specializes in the manufacturing and launch of satellites and is an industry leader in small and medium class space and rocket systems. In connection with certain space missions managed by the Institute for which NASA provides funding, the Institute has procured space hardware from Orbital in the normal course of business, at arm's length and in accordance with Institute procurement policies and procedures. Mr. Thompson did not participate in and was excluded from the Institute's deliberations and decisions with respect to these procurements. X 1101 RETAIL & PLACE MARK X 51 1489094 hi-lo avg X 1 220000 APPRAISAL X 1 1 PLACE MARK X EQUIPMENT 4 173085 INVENTORY&PLACE MARK X PROMISSORY NOTE 1 3541237 BALANCE OF NOTE X MISCELLANEOUS 5 2133 RETAIL&PLACE MARK 1 false true true FORM 990, SCHEDULE M, part i, column(B) amounts In this column reflect THE number of contributors. FORM 990, SCHEDULE M, LINE 25 EQUIPMENT DONATED FOR RESEARCH AND INSTRUCTION FORM 990, SCHEDULE M, LINE 27 MISCELLANEOUS EXPENSE: POSTAGE, TRAVEL, PRINTING, OTHER FORM 990, SCHEDULE M, LINE 32A THE INSTITUTE MAY UTILIZE THIRD PARTY BROKERS TO SELL SECURITIES AND REAL ESTATE FORM 990, PARTS I AND III, LINE 1 The mission of the California Institute of Technology 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 $23,495,000) (REVENUE $13,033,000) AUXILIARY ENTERPRISES IN SUPPORT OF INSTITUTE'S MISSION CALTECH Y ALLOCATION (GRANTS $75,000) CASH ALLOCATION TO RELATED ORGANIZATION SUPPORTING INSTITUTE'S MISSION 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 Robert B. Chess and William H. Davidow - Business Relationship TRUSTEES NARENDRA K. GUPTA AND WILLIAM H. DAVIDOW - BUSINESS RELATIONSHIP Trustees Thomas E. Everhart and Peter Norton - Business Relationship TRUSTEES JOSHUA S. FRIEDMAN AND B. KIPLING HAGOPIAN - BUSINESS RELATIONSHIP Trustees Kent Kresa and SUZANNE H. WOOLSEY - Business Relationship Trustees James F. Rothenberg and Richmond A. Wolf - Business Relationship TRUSTEES DONALD W. TANG AND DAVID L. LEE - BUSINESS RELATIONSHIP Chief Investment Officer Scott H. Richland and Trustee Jay S. Wintrob - Business Relationship FORM 990, PART VI, LINE 11a The Institute prepares 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 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. Key employees are 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 on an annual basis the compensation of officers and 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 THE INSTITUTE HAS ESTIMATED THAT TRUSTEES DEVOTE, ON AVERAGE, AT LEAST ONE HOUR OF TIME PER WEEK. CERTAIN BOARD MEMBERS' TIME DEVOTED TO INSTITUTE BUSINESS MAY SUBSTANTIALLY EXCEED THIS ESTIMATE ON A REGULAR BASIS. 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 5 Other Changes in Net Assets or Fund Balances Unrealized GAIN $160,506,000 Changes in Postemployment Benefit Obligations ($19,429,000) LOSS ON RETIREMENT OF BONDS ($4,635,000) LOSS ON DISPOSAL OF PROPERTY ($4,407,000) TOTAL $132,035,000 CIT MICROPROBE HOLDINGS LLC 1200 E CALIFORNIA BLVD PASADENA CA 91125 205217981 HOLDING CO. NV -523000 1620000 CIT CALTECH Y 1201 E CALIFORNIA BLVD PASADENA CA 91125 951684790 recreation CA 501(C)(3) 11,3,fi NA false ALUMNI ASSOCIATION OF CALTECH 345 S HILL AVE PASADENA CA 91125 956047395 alumni CA 501(C)(3) 11,type 1 NA false TOM AND VALLEY KNUDSEN FDN C/O CALTECH GIFT PLANNING PASADENA CA 91125 956031188 support org CA 501(C)(3) 11,type 1 NA false CAHILL CALTECH CHARITABLE TRUST 16830 VENTURA BLVD STE 500 ENCINO CA 91436 576198664 SUPPORT ORG CA 501(C)(3) 11,3,other NA false CRAT (6) CHARITABLE TR CA CALTECH TRUST 0 0 0.00000 CRUT (112) CHARITABLE TR CA CALTECH TRUST 0 0 0.00000 false true true false false false false false true false false false true true false false false false SCHEDULE R, PART IV, LINE 2 TRUSTS ARE DOMICILED IN CALIFORNIA, CONNECTICUT, FLORIDA, AND WASHINGTON.