2024-11-11T15:57:46-06:00 2023-12-31 910189318 MOSS ADAMS LLP 4747 EXECUTIVE DR SUITE 1300 SAN DIEGO CA 92121 990 2023-01-01 800688001 GLADSTONE FOUNDATION GLAD 4157342000 1650 OWENS STREET SAN FRANCISCO CA 94158 MICHELLE SIBLY TREASURER 4157342000 2024-11-11 1 1 PATRICIA J MAYER P00188643 8586271400 2023 2024-10-15 13:58:12Z MICHELLE SIBLY 1650 OWENS STREET SAN FRANCISCO CA 94158 7276710 0 X WWW.GLADSTONEINSTITUTES.ORG X 2010 CA THE GLADSTONE FOUNDATION CONDUCTS FUNDRAISING ACTIVITY ON BEHALF OF THE J. DAVID GLADSTONE INSTITUTES. THE MISSION OF THE GLADSTONE INSTITUTES IS TO USE VISIONARY SCIENCE AND TECHNOLOGY TO OVERCOME MAJOR UNSOLVED DISEASES. TO ENSURE THEIR WORK DOES THE GREATEST GOOD, THE GLADSTONE INSTITUTES FOCUSES ON CONDITIONS WITH PROFOUND MEDICAL, ECONOMIC, AND SOCIAL IMPACT - UNSOLVED DISEASES OF THE BRAIN, THE HEART, AND THE IMMUNE SYSTEM. 23 21 0 27 0 0 7497840 6299795 0 0 1394 5281 0 0 7499234 6305076 21335000 7474263 0 0 0 0 0 0 0 12401 21604 21347401 7495867 -13848167 -1190791 14074974 12884183 0 0 14074974 12884183 TO CONDUCT FUNDRAISING ACTIVITIES ON BEHALF OF THE J. DAVID GLADSTONE INSTITUTES AND TO MANAGE AND INVEST A PORTION OF SUCH ASSETS ON BEHALF OF THE INSTITUTES. 0 0 7474263 7474263 0 THE GLADSTONE FOUNDATION CONDUCTS FUNDRAISING ACTIVITIES ON BEHALF OF THE J. DAVID GLADSTONE INSTITUTES AND MANAGES AND INVESTS A PORTION OF SUCH ASSETS ON BEHALF OF THE INSTITUTES. 7474263 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 23 21 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X MICHELLE S SIBLY 4157342000 1650 OWENS STREET SAN FRANCISCO CA 94158 CHRIS BOSKIN DIRECTOR 1.00 0.00 X 0 0 0 THOMAS J FURST DIRECTOR 1.00 0.00 X 0 0 0 STEPHEN RICHARDSON DIRECTOR 1.00 0.00 X 0 0 0 SHARON WINSLOW DIRECTOR 1.00 0.00 X 0 0 0 SAKO D FISHER DIRECTOR 1.00 0.00 X 0 0 0 R SANDERS WILLIAMS DIRECTOR PRESIDENT EMERITUS OF JDGI 1.00 4.00 X 0 17617 2423 PERRY KARSEN DIRECTOR 1.00 0.00 X 0 0 0 PAUL EDWARDS DIRECTOR 1.00 0.00 X 0 0 0 WILL EVERS DIRECTOR 1.00 0.00 X 0 0 0 LINDA GRAIS DIRECTOR 1.00 0.00 X 0 0 0 LI LU DIRECTOR 1.00 0.00 X 0 0 0 MARIANNE DE BACKER DIRECTOR 1.00 0.00 X 0 0 0 GARY STEELE DIRECTOR (THRU 09/23) 1.00 0.00 X 0 0 0 GARY MORGENTHALER DIRECTOR 1.00 0.00 X 0 0 0 FRED CRAVES DIRECTOR 1.00 0.00 X 0 0 0 CHRISTOPHER R REDLICH JR DIRECTOR 1.00 0.00 X 0 0 0 ERIN HOFFMANN DIRECTOR 1.00 0.00 X 0 0 0 DOUGLAS SCRIVNER DIRECTOR 1.00 0.00 X 0 0 0 DIKSHA MAKAN DIRECTOR 1.00 0.00 X 0 0 0 JAMES TANANBAUM DIRECTOR 1.00 0.00 X 0 0 0 DEEPAK SRIVASTAVA DIRECTOR PRESIDENT OF JDGI 1.00 40.00 X 0 1209292 91079 DEEP V NISHAR DIRECTOR 1.00 0.00 X 0 0 0 STASIA OBREMSKEY VICE CHAIRMAN 1.00 0.00 X X 0 0 0 WILLIAM H YOUNGER JR CHAIRMAN 1.00 0.00 X X 0 0 0 CHRIS NICHOLSON SECRETARY DIRECTOR OF PHILANTHROPY FOR JDGI 1.00 40.00 X 0 210153 71470 MICHELLE SIBLY TREASURER VP OF FINANCE FOR JDGI 1.00 40.00 X 0 436597 49500 ROBERT WICKS CEO VP OF PHILANTHROPY FOR JDGI 10.00 40.00 X 0 427001 56587 ROBERT OBANA FORMER TREASURER COO OF JDGI 0.00 40.00 X 0 613776 80030 0 2914436 351089 0 1 1 0 0 6299795 564897 6299795 976915 971634 5281 5281 5281 6305076 0 0 5281 7474263 7474263 14580 14580 6699 6699 325 325 7495867 7474263 21604 0 537335 612027 13537314 12272156 325 0 14074974 12884183 0 0 X 360428 565822 13714546 12318361 14074974 12884183 14074974 12884183 -1190791 0 X 0 1 X 1 0 X 3807649 2113381 22096036 7479840 6299795 41796701 3807649 2113381 22096036 7479840 6299795 41796701 5107192 36689509 2201 494 183 2878 41799579 0.87770 0.85770 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X PART X, LINE 2: THE FOLLOWING FOOTNOTE IS CONTAINED IN THE CONSOLIDATED FINANCIAL STATEMENTS OF THE J. DAVID GLADSTONE INSTITUTES: 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, 2023 AND 2022, THE INSTITUTES HAD APPROXIMATELY $12,002,000 AND $11,770,000 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, 2023 AND 2022. 1 THE J DAVID GLADSTONE INSTITUTES 1650 OWENS ST SAN FRANCISCO CA 94158 237203666 501(C)(3) 7474263 0 GENERAL SUPPORT 1 0 PART 1, LINE 2: THE FOUNDATION'S PURPOSE IS TO SUPPORT THE J. DAVID GLADSTONE INSTITUTES. CONTRIBUTIONS TO THE INSTITUTES ARE APPROVED BY THE CHAIRMAN OF THE BOARD OF DIRECTORS. THE FINANCIAL STATUS OF THE FOUNDATION IS DISCUSSED DURING PERIODIC BOARD MEETINGS. 0 0 0 0 0 0 0 0 0 DEEPAK SRIVASTAVA DIRECTOR PRESIDENT OF JDGI 0 1018852 0 150000 0 40440 0 49500 0 41579 0 1300371 0 0 ROBERT OBANA FORMER TREASURER COO OF JDGI 0 506918 0 100000 0 6858 0 49500 0 30530 0 693806 0 0 MICHELLE SIBLY TREASURER VP OF FINANCE FOR JDGI 0 360787 0 75000 0 810 0 49500 0 0 0 486097 0 0 ROBERT WICKS CEO VP OF PHILANTHROPY FOR JDGI 0 424679 0 0 0 2322 0 49500 0 7087 0 483588 0 0 CHRIS NICHOLSON SECRETARY DIRECTOR OF PHILANTHROPY FOR JDGI 0 208749 0 0 0 1404 0 29891 0 41579 0 281623 0 0 X 2 564897 FAIR MARKET VALUE 0 0 1 0 SCHEDULE M, PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS FORM 990, PART VI, SECTION A, LINE 7B THE TRUSTEES OF THE J. DAVID GLADSTONE INSTITUTES HAVE APPROVAL RIGHTS OF THE NOMINATED BOARD MEMBERS OF THE GLADSTONE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 AND ITS RELATED SCHEDULES WERE PROVIDED TO THE GLADSTONE FOUNDATION OFFICERS, THE CHAIRMAN, AND ALL MEMBERS OF THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL AND THE BOARD OF DIRECTORS RECEIVE A COPY OF THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, TRUSTEE, PRINCIPAL OFFICER, AND MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, HAS AGREED TO COMPLY WITH THE POLICY, AND UNDERSTANDS THE CORPORATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST. 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