2025-08-11T12:30:03-05:00 2024-09-30 PwC US Tax LLP 101 SEAPORT BLVD SUITE 500 BOSTON MA 02210 990 2023-10-01 951643307 CALIFORNIA INSTITUTE OF TECHNOLOGY % MATTHEW W BREWER CALI 6263956811 1200 EAST CALIFORNIA BLVD 234-6 PASADENA CA 91125 MATTHEW W BREWER CONTROLLER 6263956744 2025-08-05 true true PAUL TANIS P01441612 6175305000 2025-08-05 2023 2025-03-06 01:10:19Z DR THOMAS F ROSENBAUM 1200 EAST CALIFORNIA BLVD PASADENA CA 91125 5067604000 false X www.caltech.edu X 1891 CA SEE SCHEDULE O 52 44 12249 824 75232000 4532155 682879000 938592000 3061988000 3024617000 101710000 189549000 86867000 12430000 3933444000 4165188000 121916000 131635000 0 0 1951947000 1976653000 0 0 11004000 1630629000 1578462000 3704492000 3686750000 228952000 478438000 6938067000 7827509000 2640569000 2685192000 4297498000 5142317000 X SEE SCHEDULE O false false 542707000 131514000 245846000 INSTRUCTION, SCHOLARSHIPS, FELLOWSHIPS, AND OTHER STUDENT AID 363307000 0 111845000 ORGANIZED RESEARCH AT THE CAMPUS. 2611617000 0 2611617000 SPONSORED RESEARCH AT THE JET PROPULSION LABORATORY. 45893000 121000 55309000 3563524000 true true false true false false false true true true true true false false true true true false true true true false true false false false false true true true true false false false false false false false false true true true true false false true true true true false false true 2558 0 true 12249 true true true true CI false false false false false false false false true true X 52 44 true false false false false false false true true false false false true true true true true true true false CA X MATTHEW W BREWER 6263958818 1200 EAST CALIFORNIA BLVD 234-6 pasadena CA 91125 X SCOTT H RICHLAND CHIEF INVESTMENT OFFICER 40.0 0.0 X 1323751 0 662229 THOMAS F ROSENBAUM PRESIDENT & TRUSTEE 40.0 0.0 X X 1792256 0 144571 LAURIE A LESHIN VP & DIRECTOR, JPL 40.0 0.0 X 1364626 0 56262 KAREN L SISSON FORMER VP ADMIN & CFO 40.0 0.0 X 1041722 0 67876 DOUGLAS N MACBEAN SR MANAGING DIR 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40.0 0.0 X 306068 0 60733 CAROL J SCHUIL FORMER EA TO PRES/ASST SEC 40.0 0.0 X 287918 0 61473 MARGARET A STEURBAUT INT VP ADMIN & CFO until 11/23 40.0 0.0 X 282940 0 19412 DEBORAH K RODDAY SR DIR/ASST SEC 40.0 0.0 X 222685 0 43648 ARTURO AGUAYO ASSISTANT TREASURER 40.0 0.0 X 203871 0 57255 CHARLES E LANE VP & COO AS OF 10/23 40.0 0.0 X 236658 0 16643 SEAN BAILEY TRUSTEE 4.0 0.0 X 0 0 0 BARBARA M BARRETT TRUSTEE, VICE CHAIR 10.0 0.0 X X 0 0 0 REBECKA BELLDEGRUN SENIOR TRUSTEE 14.0 0.0 X 0 0 0 ROBERT C BONNER SENIOR TRUSTEE 4.0 0.0 X 0 0 0 LYNN A BOOTH SENIOR TRUSTEE 2.0 0.0 X 0 0 0 BRIGITTE M BREN TRUSTEE 1.75 0.0 X 0 0 0 MILTON M CHANG SENIOR TRUSTEE 3.0 0.0 X 0 0 0 PEGGY T CHERNG SENIOR TRUSTEE 2.0 0.0 X 0 0 0 ROBERT B CHESS TRUSTEE UNTIL 10/23 0.0 0.0 X 0 0 0 FRANCE A CORDOVA SENIOR TRUSTEE 4.0 0.0 X 0 0 0 WILLIAM H DAVIDOW SENIOR TRUSTEE 4.0 0.0 X 0 0 0 DAVID T DREIER TRUSTEE 2.0 0.0 X 0 0 0 JOSHUA S FRIEDMAN TRUSTEE 2.0 0.0 X 0 0 0 WILLIAM T GROSS TRUSTEE 2.0 0.0 X 0 0 0 FREDERICK J HAMEETMAN SENIOR TRUSTEE 1.0 0.0 X 0 0 0 DAVID D HO TRUSTEE 1.0 0.0 X 0 0 0 MARIA D HUMMER-TUTTLE SENIOR TRUSTEE 2.0 0.0 X 0 0 0 BOBBY R INMAN SENIOR TRUSTEE UNTIL 10/23 1.0 0.0 X 0 0 0 ROBERT T JENKINS SENIOR TRUSTEE 2.0 0.0 X 0 0 0 G BRADFORD JONES TRUSTEE 2.0 0.0 X 0 0 0 PETER D KAUFMAN TRUSTEE 2.0 0.0 X 0 0 0 MASSI JOSEPH KIANI TRUSTEE 2.0 0.0 X 0 0 0 LOUISE KIRKBRIDE TRUSTEE 4.0 0.0 X 0 0 0 WALTER G KORTSCHAK TRUSTEE 2.0 0.0 X 0 0 0 KENT KRESA SENIOR TRUSTEE 3.0 0.0 X 0 0 0 JON B KUTLER TRUSTEE 2.0 0.0 X 0 0 0 TAYLOR W LAWRENCE TRUSTEE 4.0 0.0 X 0 0 0 DAVID L LEE SENIOR TRUSTEE 2.0 0.0 X 0 0 0 A MICHAEL LIPPER SENIOR TRUSTEE 4.0 0.0 X 0 0 0 LI LU TRUSTEE 2.0 0.0 X 0 0 0 SHIRLEY M MALCOM SENIOR TRUSTEE 2.0 0.0 X 0 0 0 FARIBORZ MASEEH TRUSTEE 4.0 0.0 X 0 0 0 MICHELLE J MATHEWS-SPRADLIN TRUSTEE 2.0 0.0 X 0 0 0 DEBORAH D MCWHINNEY TRUSTEE 2.0 0.0 X 0 0 0 ALEXANDER R MEHRAN SR SENIOR TRUSTEE until 10/23 0.0 0.0 X 0 0 0 RICHARD N MERKIN SENIOR TRUSTEE 2.0 0.0 X 0 0 0 KENNETH G MOORE TRUSTEE 2.0 0.0 X 0 0 0 PRINEHA NARANG YOUNG ALUM. TRUSTEE 4.0 0.0 X 0 0 0 PETER NORTON SENIOR TRUSTEE 1.0 0.0 X 0 0 0 RONALD L OLSON SENIOR TRUSTEE 4.0 0.0 X 0 0 0 STEPHEN R ONDERDONK SENIOR TRUSTEE 2.0 0.0 X 0 0 0 PEDRO J PIZARRO TRUSTEE 4.0 0.0 X 0 0 0 DAVID E I PYOTT TRUSTEE 4.0 0.0 X 0 0 0 EDUARDO A REPETTO TRUSTEE 4.0 0.0 X 0 0 0 STEWART A RESNICK SENIOR TRUSTEE 2.0 0.0 X 0 0 0 RICHARD H SCHELLER TRUSTEE 2.0 0.0 X 0 0 0 AMY SCHULMAN TRUSTEE 2.0 0.0 X 0 0 0 TIMOTHY J SLOAN TRUSTEE 6.0 0.0 X 0 0 0 MASON SMITH TRUSTEE 2.0 0.0 X 0 0 0 SUBRA SURESH TRUSTEE AS OF 05/24 2.0 0.0 X 0 0 0 DAVID W THOMPSON TRUSTEE, CHAIR 10.0 0.0 X X 0 0 0 CHARLES R TRIMBLE SENIOR TRUSTEE 2.0 0.0 X 0 0 0 RICHMOND A WOLF TRUSTEE 10.0 0.0 X 0 0 0 KNEELAND YOUNGBLOOD TRUSTEE 2.0 0.0 X 0 0 0 15835242 0 2530034 7162 true true false LOCKHEED MARTIN CORP 12257 S WADSWORTH BLVD LITTLETON CO 801258500 AEROSPACE 68309859 HENSEL PHELPS CONSTRUCTION CO 420 SIXTH AVENUE GREELEY CO 80631 CONSTRUCTION 62434798 MANTECH ADVANCED SYSTEMS 12015 LEE JACKSON HIGHWAY FAIRFAX VA 220333300 INFORMATION TECH 58703030 QUINN EMANUEL URQUHART AND SULLIVAN 865 SOUTH FIGUEROA ST 10TH FLOOR LOS ANGELES CA 90017 LEGAL 53069923 PERATON INC 12975 WORLDGATE DRIVE HERNDON VA 201706008 INFORMATION TECH 52756772 1194 312659000 625933000 5709000 938592000 JPL AND OTHER AWARDS 900099 2795693000 2795693000 STUDENT TUITION 611600 170061000 170061000 USE OF FACILITIES 900099 3554000 3554000 SALES AND SERVICES 900099 55309000 31004000 4930000 19375000 3024617000 82488000 70076000 12412000 0 3093000 3093000 305000 5000 300000 0 300000 300000 1009472000 902411000 107061000 107061000 107061000 0 0 0 0 0 0 0 0 0 ADVERTISING & FILMING 900099 226000 226000 OTHER GAINS 900099 8811000 8811000 9037000 4165188000 3000312000 75232000 151052000 X 121000 121000 131330000 131330000 184000 184000 0 12599000 3784000 6586000 2229000 3164000 2166000 790000 208000 1588051000 1534979000 41142000 11930000 150936000 146257000 3606000 1073000 115955000 101431000 11487000 3037000 105948000 102405000 2747000 796000 0 0 0 0 19272000 5536000 13736000 0 1456000 0 1456000 0 393000 0 393000 0 0 13101000 0 13101000 0 38286000 32492000 4512000 1282000 366000 252000 62000 52000 325907000 323826000 280000 1801000 11936000 10277000 1606000 53000 363000 356000 7000 0 81118000 68585000 12201000 332000 42615000 41391000 666000 558000 0 0 0 0 10542000 10038000 333000 171000 63102000 62349000 682000 71000 0 0 0 0 92182000 90054000 1927000 201000 8853000 8792000 61000 0 CONTRACT SERVICES 872141000 872141000 0 0 INTERNAL ALLOCATIONS 0 0 -5159000 5159000 ENDOWMENT RECOVERY -17949000 0 0 -17949000 MISCELLANEOUS 14778000 14778000 0 0 3686750000 3563524000 112222000 11004000 X 0 0 275327000 395874000 327461000 455785000 359692000 393401000 0 0 0 0 1667116 2224880 0 0 521797000 540269000 2709971000 1446511000 1224140000 1263460000 1674213000 2060309000 2553769884 2716186120 0 0 0 0 0 0 6938067000 7827509000 616265000 685462000 0 0 132124000 143482000 195000000 165000000 84713000 87362000 0 0 0 0 1421716000 1430069000 190751000 173817000 2640569000 2685192000 X 706033000 814575000 3591465000 4327742000 4297498000 5142317000 6938067000 7827509000 X 478438000 414172000 -47791000 X X false true X true true true X 454711000 554641000 556079000 682879000 938592000 3186902000 0 0 454711000 554641000 556079000 682879000 938592000 3186902000 294783118 2892118882 31611000 46297000 30513000 38087000 15810000 162318000 0 0 9492390 139367 50394345 60026102 0 0 0 84150000 8811000 92961000 3502207102 14461125000 0.82580 0.84915 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 393000 false false 393000 false LOBBYING ACTIVITY EXPLANATION SCHEDULE C, PART II-B, LINE 1 THE INSTITUTE RETAINS A CONSULTING FIRM TO MONITOR LEGISLATIVE DEVELOPMENTS AND TO COUNSEL IT ON GOVERNMENT RELATIONS MATTERS. THE CONSULTANT MAY ESTABLISH DIRECT CONTACT WITH LEGISLATORS, THEIR STAFFS, GOVERNMENT OFFICIALS, AND LEGISLATIVE BODIES AND ENGAGE IN COMMUNICATION WHICH MAY BE CONSIDERED COMMUNICATION THAT ATTEMPTS TO INFLUENCE LEGISLATION. FURTHER, THE INSTITUTE'S STAFF, IN THE COURSE OF NECESSARY COMMUNICATION 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 THE INSTITUTE BELIEVES MAY POTENTIALLY HAVE ANY RELATIONSHIP TO LOBBYING. THIS AMOUNT INCLUDES ALL OFFICE BUDGET EXPENDITURES OF THE INSTITUTE'S OFFICE OF EXTERNAL RELATIONS THAT ARE EXPENDED FOR LOBBYING ACTIVITIES. THE INSTITUTE IS A MEMBER OF CERTAIN PROFESSIONAL AND ACADEMIC ORGANIZATIONS THAT HAVE 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. THE INSTITUTE'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 X 3598784000 383028000 481481000 35861000 157084000 29267000 4241081000 3428503000 42120000 324476000 33415000 127732000 35168000 3598784000 4041566000 99535000 -533278000 30480000 114560000 34280000 3428503000 3100590000 111502000 1003390000 30026000 110022000 33868000 4041566000 2986660000 70073000 213522000 29172000 109185000 31308000 3100590000 0.19560 0.72440 0.08000 false false 38446000 38446000 1685618000 863605000 822013000 717181000 582906000 134275000 268726000 268726000 1263460000 ALTERNATIVE SECURITIES 1177843000 F PRIVATE EQUITY 976471000 F REAL ASSETS 561872120 F 2716186120 0 ACCUMULATED POST RET. BENEFIT 173817000 173817000 X 4421939000 414172000 -157421000 256751000 4165188000 4165188000 3556884000 3556884000 13101000 116765000 129866000 3686750000 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. SCHEDULE D, PART III, LINE 4 THE INSTITUTE MAINTAINS A COLLECTION OF INSTITUTIONAL RECORDS, DOCUMENTS, ARTIFACTS, AND SPECIMENS FOR HISTORICAL PRESERVATION, INSTRUCTION, AND SCHOLARLY RESEARCH. 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. SCHEDULE D, PART V, LINE 4 THE INSTITUTE'S ENDOWMENT IS COMPRISED OF DONOR-RESTRICTED AND BOARD-DESIGNATED FUNDS HELD FOR LONG-TERM INVESTMENT. THROUGH AN ANNUAL SPENDING ALLOCATION, THE ENDOWMENT SUPPORTS THE MISSION OF EDUCATION AND RESEARCH AND GENERAL OPERATING ACTIVITIES OF THE INSTITUTE. THE INSTITUTE'S ENDOWMENT SPENDING POLICY INCLUDES A BOARD OF TRUSTEES-APPROVED ENDOWMENT SPENDING FORMULA WHICH TAKES INTO CONSIDERATION THE PRIOR YEAR'S SPENDING, INFLATION FACTORS, AND ENDOWMENT GROWTH. THE INSTITUTE INVESTS ENDOWMENT ASSETS TARGETED TO EARN AN AVERAGE ANNUAL TOTAL RETURN THAT EXCEEDS INFLATION BY AT LEAST THE AMOUNT REQUIRED TO SUPPORT THE ENDOWMENT SPENDING. ALL ENDOWMENT ASSETS ARE HELD IN THE INVESTMENT POOL UNLESS SPECIAL CONSIDERATIONS OR DONOR STIPULATIONS REQUIRE THAT THEY BE INVESTED SEPARATELY. TOTAL RETURN INCLUDES BOTH CAPITAL APPRECIATION/DEPRECIATION (REALIZED AND UNREALIZED GAINS/LOSSES) AND INVESTMENT INCOME (INCLUDING INTEREST, DIVIDENDS, AND ROYALTIES). THE INSTITUTE TARGETS A DIVERSIFIED ASSET ALLOCATION, INCLUDING INVESTMENTS IN BOTH PUBLIC MARKETS AND IN ALTERNATIVE INVESTMENTS, WITHIN RISK CONSTRAINTS DEEMED TO BE PRUDENT. SCHEDULE D, PART VII, LINE 3A ALTERNATIVE SECURITIES INCLUDE, BUT ARE NOT LIMITED TO, SUBSTANTIAL INVESTMENT HOLDINGS THAT ARE ILLIQUID AND/OR CONTAIN VARIOUS REDEMPTION RESTRICTIONS. SCHEDULE D, PART X, LINE 2 EXCEPT AS NOTED BELOW, THE INSTITUTE IS GENERALLY EXEMPT FROM FEDERAL TAXES ON INCOME RELATED TO ITS CHARITABLE PURPOSE UNDER THE PROVISIONS OF IRC SECTION 501(C)(3) AND FROM CALIFORNIA AND OTHER STATE INCOME TAXES UNDER CORRESPONDING STATE LAWS. THE INSTITUTE IS SUBJECT TO BOTH FEDERAL AND STATE INCOME TAXES ON INCOME FROM CERTAIN ACTIVITIES NOT SUBSTANTIALLY RELATED TO ITS EXEMPT PURPOSE. IN PREVIOUS YEARS, THE INSTITUTE HAD MAINTAINED A FULL VALUATION ALLOWANCE ON ITS DEFERRED TAX ASSETS, WHICH ARE PRIMARILY DUE TO HISTORICAL LOSSES FROM CERTAIN INVESTMENT ACTIVITIES. THIS HAD REDUCED NET DEFERRED TAX ASSETS TO A VALUE OF $0 AS OF SEPTEMBER 30, 2023. BASED ON ITS ANALYSIS OF BOTH THE TIMING AND AMOUNTS OF POTENTIAL FUTURE NET TAXABLE INCOME, THE INSTITUTE NOW ASSUMES THAT IT IS MORE LIKELY THAN NOT THAT THE INSTITUTE WILL REALIZE THE DEFERRED TAX ASSETS AND HAS LIFTED THE VALUATION ALLOWANCE. AT SEPTEMBER 30, 2024, THE INSTITUTE'S DEFERRED TAX ASSET WAS $5,707,000 AND IS INCLUDED IN THE LINE ITEM "PREPAID EXPENSES AND OTHER ASSETS" IN THE BALANCE SHEETS. THE INSTITUTE HAS NOT PROVIDED FOR ANY UNCERTAIN TAX POSITIONS AT SEPTEMBER 30, 2024 AND 2023. THE INSTITUTE IS SUBJECT TO A FEDERAL EXCISE TAX ON NET INVESTMENT INCOME. THE INSTITUTE'S DEFERRED TAX LIABILITY RELATED TO THE EXCISE TAX WAS $16,688,000 AND $10,947,000 AT SEPTEMBER 30, 2024 AND 2023, RESPECTIVELY, AND IS INCLUDED IN THE LINE ITEM "DEFERRED REVENUE, REFUNDABLE ADVANCES, AND OTHER" IN THE BALANCE SHEETS. SCHEDULE D, PART XI, LINE 2D RECLASSIFY FINANCIAL AID NETTED WITH TUITION (116,765,000) CHANGES IN FAIR VALUE OF INTEREST RATE SWAP (9,606,000) ENDOWMENT RECOVERY (17,949,000) INVESTMENT MANAGEMENT FEES (13,101,000) -------------- TOTAL (157,421,000) ============== SCHEDULE D, PART XII, LINE 4B FINANCIAL AID EXPENSES 116,765,000 ------------ TOTAL 116,765,000 ============ true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 THE INSTITUTE CUSTOMARILY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS ON A NATIONWIDE AND WORLDWIDE BASIS AND FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY. THE INSTITUTE HAS INCLUDED A STATEMENT OF ITS RACIALLY NONDISCRIMINATORY POLICY ON ITS PRIMARY PUBLICLY ACCESSIBLE INTERNET HOMEPAGE AT ALL TIMES DURING THE TAXABLE YEAR. SCHEDULE E, PART I, 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. true Central America and the Caribbean 0 0 Investments 1542512142 Central America and the Caribbean 0 0 Program Services SCIENTIFIC RESEARCH 636625 East Asia and the Pacific 0 0 Investments 11647617 East Asia and the Pacific 0 0 Program Services SCIENTIFIC RESEARCH 5260600 Europe (Including Iceland and Greenland) 0 0 Investments 190228784 Europe (Including Iceland and Greenland) 4 5 Program Services SCIENTIFIC RESEARCH 97741982 Europe (Including Iceland and Greenland) 0 0 Program Services STUDY ABROAD 183546 Middle East and North Africa 0 0 Investments 4159457 Middle East and North Africa 0 0 Program Services SCIENTIFIC RESEARCH 741328 North America 0 0 Investments 4606156 North America 0 0 Program Services SCIENTIFIC RESEARCH 2211680 Russia and the Newly Independent States 0 0 Investments 1677902 Russia and the Newly Independent States 0 0 Program Services SCIENTIFIC RESEARCH 393858 South America 0 0 Investments 4485384 South America 0 0 Program Services SCIENTIFIC RESEARCH 241953 South Asia 0 0 Investments 690157 South Asia 1 4 Program Services SCIENTIFIC RESEARCH 6897489 Sub-Saharan Africa 0 0 Investments 3512647 Sub-Saharan Africa 0 0 Program Services SCIENTIFIC RESEARCH 1078040 5 9 0 0 5 9 1874316660 4590687 1878907347 STUDY ABROAD Europe (Including Iceland and Greenland) 17 183546 WIRE TRANSFE true false true true true true 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. SCHEDULE F, PART I, LINE 3 THE INSTITUTE 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). SCHEDULE F, PARTS I & III EXPENDITURES PER REGION ARE REPORTED ON AN ACCRUAL BASIS, WHICH IS THE METHOD USED TO ACCOUNT FOR THEM IN THE INSTITUTE'S BOOKS AND RECORDS. true CALTECH Y 1200 E CALIFORNIA BLVD PASADENA CA 91125 951684790 501(C)(3) 75000 ASSIST RELATED ORG. UNITED WAY GREATER LOS ANGELES 1150 S OLIVE ST LOS ANGELES CA 90015 952274801 501(C)(3) 46000 DESIGNATED ASSISTANCE 2 STUDENT AID 1900 131330000 SCHEDULE I, PART I, LINE 2 THE INSTITUTE'S GRANTS AND ASSISTANCE WITHIN THE UNITED STATES CONSIST PRIMARILY OF SCHOLARSHIPS AND FELLOWSHIPS AWARDED TO STUDENTS. STUDENTS ARE SELECTED FOR SCHOLARSHIPS AND FELLOWSHIPS BASED ON ACADEMIC ACHIEVEMENT, FINANCIAL NEEDS, 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 ALSO MAKES AN ANNUAL DONATION (DESIGNATED ASSISTANCE) TO THE UNITED WAY OF GREATER LOS ANGELES. INSTITUTE OFFICES MONITOR THE GRANTEES' PERFORMANCE ACCORDING TO THEIR RESPECTIVE PROGRAM SERVICES GOALS AND / OR PURSUANT TO OTHER AGREEMENTS. 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 true true SCOTT H RICHLAND CHIEF INVESTMENT OFFICER 619387 0 685614 0 18750 0 631227 0 31002 0 1985980 0 685614 0 THOMAS F ROSENBAUM PRESIDENT & TRUSTEE 1541730 0 250000 0 526 0 50269 0 94302 0 1936827 0 0 0 LAURIE A LESHIN VP & DIRECTOR, JPL 880646 0 429225 0 54755 0 24990 0 31272 0 1420888 0 0 0 KAREN L SISSON FORMER VP ADMIN & CFO 371247 0 0 0 670475 0 50269 0 17607 0 1109598 0 0 0 DOUGLAS N MACBEAN SR MANAGING DIR INVESTMENTS 427887 0 267118 0 22500 0 181569 0 30291 0 929365 0 97178 0 DAVID A TIRRELL PROVOST 846666 0 0 0 0 0 50269 0 14546 0 911481 0 0 0 DEXTER A BAILEY VP ADV & ALUMNI RELATIONS 699478 0 0 0 94426 0 37069 0 41623 0 872596 0 0 0 ROBERT P KIRSHNER ASTRONOMY PROF & EXEC DIR, TIO 774180 0 0 0 29539 0 24990 0 29829 0 858538 0 0 0 JENNIFER T LUM GENERAL COUNSEL 682347 0 0 0 23109 0 50269 0 78227 0 833952 0 0 0 KIRK KAWASAWA SR MNG DIR INVESTMENT OPS 349846 0 248190 0 15609 0 130269 0 38174 0 782088 0 104190 0 CATHY A LIGHT SECRETARY, BOARD OF TRUSTEES 451014 0 100000 0 117120 0 50269 0 33533 0 751936 0 0 0 LARRY D JAMES DEPUTY DIRECTOR, JPL 533496 0 103416 0 22500 0 50269 0 10990 0 720671 0 0 0 FREDERIC FARINA CHIEF INNOV & CORP PARTN 496779 0 25000 0 23484 0 50269 0 19390 0 614922 0 0 0 DIANA JERGOVIC VP STRATEGY IMPLEMENTATION 558480 0 0 0 526 0 37069 0 11850 0 607925 0 0 0 SHARON E PATTERSON CFO & TREASURER AS OF 10/23 450609 0 0 0 20500 0 50269 0 22393 0 543771 0 0 0 SAMMY A KAYALI CFO & DIR FOR LAB OPS INTEGRA 387343 0 9000 0 23026 0 50269 0 29998 0 499636 0 0 0 KEVIN M GILMARTIN VP STUDENT AFFAIRS 329077 0 0 0 760 0 50269 0 20215 0 400321 0 0 0 MATTHEW W BREWER CONTROLLER 322573 0 0 0 487 0 37069 0 35096 0 395225 0 0 0 JOSEPH E SHEPHERD FORMER VP STUDENT AFFAIRS 316101 0 0 0 561 0 48874 0 24716 0 390252 0 0 0 MICHAEL M WATKINS FORMER VP & DIRECTOR, JPL 283028 0 0 0 23040 0 46759 0 13974 0 366801 0 0 0 CAROL J SCHUIL FORMER EA TO PRES/ASST SEC 287453 0 0 0 465 0 38986 0 22487 0 349391 0 0 0 MARGARET A STEURBAUT INT VP ADMIN & CFO until 11/23 245693 0 0 0 37247 0 19041 0 371 0 302352 0 0 0 DEBORAH K RODDAY SR DIR/ASST SEC 222292 0 0 0 393 0 31447 0 12201 0 266333 0 0 0 ARTURO AGUAYO ASSISTANT TREASURER 203502 0 0 0 369 0 20490 0 36765 0 261126 0 0 0 CHARLES E LANE VP & COO AS OF 10/23 186034 0 0 0 50624 0 7083 0 9560 0 253301 0 0 0 SCHEDULE J, PART I, LINE 1A FIRST CLASS TRAVEL: PURSUANT TO A WRITTEN POLICY, FIRST CLASS OR BUSINESS TRAVEL IS PERMITTED FOR CERTAIN EMPLOYEES UNDER CERTAIN CIRCUMSTANCES FOR BUSINESS PURPOSES. DURING CALENDAR YEAR 2023, THREE OFFICERS RECEIVED FIRST CLASS OR CHARTER TRAVEL BENEFITS. TRAVEL FOR BUSINESS PURPOSES IS NOT INCLUDED IN TAXABLE WAGES. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS: DURING CALENDAR YEAR 2023, TWO OFFICERS AND ONE HIGHEST COMPENSATED EMPLOYEE RECEIVED TAX INDEMNIFICATION AND GROSS-UP PAYMENTS. HOUSING ALLOWANCE: HOUSING ALLOWANCES ARE PROVIDED TO CERTAIN OFFICERS, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES AS PART OF THE INSTITUTE'S SALARY SUPPLEMENT HOUSING PROGRAM, WHICH IS GOVERNED BY A WRITTEN POLICY. DURING CALENDAR YEAR 2023, FOUR OFFICERS RECEIVED HOUSING ALLOWANCE BENEFITS. PAYMENTS UNDER THIS PROGRAM ARE INCLUDED IN TAXABLE WAGES. ADDITIONALLY, 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 II, COLUMN (D) INCLUDE $79,054, WHICH IS AN ESTIMATE OF THE ANNUAL RENTAL VALUE OF THE PERSONAL SPACE OCCUPIED IN THAT RESIDENCE. SCHEDULE J, PART I, LINE 4A IN 2023, KAREN SISSON, FORMER VP OF ADMINISTRATION AND CFO, RECEIVED A SEVERANCE PAYMENT OF $616,667 UPON HER SEPARATION FROM THE INSTITUTE. THIS PAYMENT WAS MADE PURSUANT TO THE TERMS OF HER EMPLOYMENT AGREEMENT. THE TOTAL REPORTED FOR KAREN SISSON ABOVE IN COLUMN B(III) (OTHER REPORTABLE COMPENSATION) INCLUDES THIS PAYMENT. SCHEDULE J, PART I, LINE 4B TERMS AND CONDITIONS OF PERFORMANCE COMPENSATION PLANS FOR INVESTMENT PROFESSIONALS: IN 2011, THE INSTITUTE ESTABLISHED A PERFORMANCE COMPENSATION PLAN ("PLAN") TO ASSIST WITH RECRUITMENT AND RETENTION FOR ITS INVESTMENT OFFICE. UNDER THE TERMS OF THE PLAN, PARTICIPANTS ARE ELIGIBLE FOR CERTAIN AWARDS BASED UPON THE PERFORMANCE OF THE INSTITUTE'S INVESTMENT OFFICE EACH CALENDAR YEAR, AS MEASURED BY CERTAIN QUANTITATIVE AND QUALITATIVE FACTORS. IN 2017, THE PLAN WAS SPLIT INTO TWO SEPARATE PERFORMANCE COMPENSATION PLANS, ONE FOR THE CHIEF INVESTMENT OFFICER AND ONE FOR THE INVESTMENT OFFICE STAFF. UNDER THE TERMS OF THE CHIEF INVESTMENT OFFICER PERFORMANCE COMPENSATION PLAN, EFFECTIVE JANUARY 1, 2023, THE PARTICIPANT IMMEDIATELY VESTS IN ANY UNVESTED BONUS AMOUNTS AT THE END OF THE PLAN YEAR (WHICH COINCIDES WITH THE CALENDAR YEAR). THEREFORE, FOR THE INSTITUTE'S PURPOSES, NO PORTION OF THE AWARD EARNED IS CONSIDERED DEFERRED. HOWEVER, FOR PURPOSES OF REPORTING ON SCHEDULE J, THE PORTION OF THE AWARD PAID SUBSEQUENT TO MARCH 15TH OF THE FOLLOWING CALENDAR YEAR IS TREATED AS "DEFERRED." UNDER THE TERMS OF THE INVESTMENT OFFICE STAFF PERFORMANCE COMPENSATION PLAN, 50% OF THE AWARDS ARE PAID AFTER THE CONCLUSION OF THE PLAN YEAR, WHILE THE REMAINING 50% OF EACH YEAR'S AWARD IS DEFERRED, VESTS, AND IS PAID IN THREE ANNUAL INSTALLMENTS, AS ADJUSTED BY THE POSITIVE OR NEGATIVE PERFORMANCE OF THE ENDOWMENT EACH YEAR. ADDITIONALLY, UNDER CERTAIN CIRCUMSTANCES, AND SUBJECT TO A MINIMUM NUMBER OF YEARS OF PARTICIPATION IN THE PLAN, PREVIOUSLY DEFERRED, BUT UNVESTED, AMOUNTS MAY BE PAID TO THE PARTICIPANT BASED UPON THEIR AGE AND LENGTH OF SERVICE ("SPECIAL VESTING"). DURING CALENDAR YEAR 2023, THREE INDIVIDUALS REPORTED IN SCHEDULE J RECEIVED SUCH COMPENSATION. SCOTT RICHLAND (CHIEF INVESTMENT OFFICER) PARTICIPATES IN THE CHIEF INVESTMENT OFFICER PERFORMANCE COMPENSATION PLAN. DOUGLAS MACBEAN (SENIOR MANAGING DIRECTOR OF INVESTMENTS) AND KIRK KAWASAWA (SENIOR MANAGING DIRECTOR OF INVESTMENT OPERATIONS) PARTICIPATE IN THE INVESTMENT OFFICE STAFF PERFORMANCE COMPENSATION PLAN. THE INDIVIDUAL AMOUNTS IN COLUMN B(II) (BONUS AND INCENTIVE COMPENSATION) REFLECT CASH AMOUNTS PAID PURSUANT TO THE PLAN DURING CALENDAR YEAR 2023. FOR SCOTT RICHLAND AND KIRK KAWASAWA, THESE AMOUNTS INCLUDE THE TOTAL OF EACH EMPLOYEE'S RESPECTIVE AWARD EARNED IN PLAN YEAR 2022, AS WELL AS INSTALLMENTS OF AMOUNTS DEFERRED FROM PLAN YEAR 2021. KIRK KAWASAWA SPECIAL VESTED IN HIS AWARDS IN AUGUST 2023, RESULTING IN THE PAYOUT OF ALL REMAINING DEFERRED AWARD INSTALLMENTS DURING 2023. FOR DOUGLAS MACBEAN, THE AMOUNT IN COLUMN B(II) INCLUDES THE AGGREGATE OF 50% OF THE AWARD EARNED IN PLAN YEAR 2022, AS WELL AS PREVIOUSLY DEFERRED INSTALLMENTS FROM AWARDS EARNED IN PLAN YEARS 2019 THROUGH 2021. FOR ALL PLAN PARTICIPANTS, AMOUNTS IN COLUMN C (RETIREMENT AND OTHER DEFERRED COMPENSATION) REFLECT THE DEFERRED PORTION OF AWARDS EARNED IN CALENDAR YEAR 2023, WHICH IS EQUAL TO THE TOTAL CALENDAR YEAR AWARD EARNED LESS THE PORTION OF THAT AWARD PAID PRIOR TO MARCH 15, 2024. THE DEFERRED PORTION OF THESE AWARDS IS SUBJECT TO FORFEITURE UNDER CERTAIN CIRCUMSTANCES AND THE REMAINING INSTALLMENTS WILL BE PAID IN SUBSEQUENT PLAN YEARS. SCHEDULE J, PART I, LINE 7 Certain individuals listed in Part II of Schedule J received bonuses in recognition of excellent job performance or as a negotiated payment at the beginning of an employment arrangement. For example, the Institute offers performance-based compensation to certain investment professionals based upon the Institute's investment performance and other factors (see response to Line 4B above). Bonus recipients' names and amounts paid are shown in Schedule J, Part II, Column B(II) (Bonus and Incentive Compensation). SCHEDULE J, PART I, LINE 8 SHARON PATTERSON (CFO & TREASURER), MARGARET STEURBAUT (INTERIM VP ADMINISTRATION & CFO), AND CHARLES LANE (VP & CHIEF OPERATING OFFICER) RECEIVED FIXED AMOUNTS UNDER INITIAL CONTRACT EXCEPTIONS. A CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 13017BEZ5 2006-07-12 165000000 FIN VAR CAP PROJECTS REFUND SER 03 false false false A 0 0 184062305 0 0 0 1340471 0 0 93471835 89250000 0 2010 false true true true A false true false true true 0.01200 0.00000 0.01200 false false true A false false true true true true THE BANK OF NEW YORK 30.3 false false true CITIGROUP GLOBAL TRA 2. true false true A true COLUMN A: PART I (F) - BOND PROCEEDS WERE ISSUED TO FINANCE VARIOUS CAPITAL PROJECTS AND REFUND THE SERIES 2003 BONDS (ISSUED ON 01/15/2003). PART II, LINE 3 - THE TOTAL PROCEEDS SHOWN IN PART II, LINE 3 DIFFERS FROM THE ISSUE PRICE SHOWN IN PART I, (E) DUE TO INTEREST EARNINGS ON INVESTED PROCEEDS. PART III, LINE 7 - AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE SECURITY OR PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY OR PAYMENT TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE REPORTED IN PART III, LINE 6 IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. PART IV, LINE 2C - THE REBATE COMPUTATION WAS PERFORMED ON AUGUST 20, 2012, FOR THE COMPUTATION PERIOD ENDING ON JULY 1, 2012. Pedro Pizarro TRUSTEE 173906 FAM. MEMBER(S) EMPLOYED BY CIT false THOMAS ROSENBAUM OFFICER & TRUSTEE 364355 FAM. MEMBER(S) EMPLOYED BY CIT false SHIRLEY MALCOM TRUSTEE 550576 FAM. MEMBER(S) EMPLOYED BY CIT false STEPHEN ONDERDONK TRUSTEE 541487 FAM. MEMBER(S) EMPLOYED BY CIT false CAROL SCHUIL FORMER OFFICER 100005 FAM. MEMBER(S) EMPLOYED BY CIT false SEAN BAILEY TRUSTEE 101432 FAM. MEMBER(S) EMPLOYED BY CIT false JON KUTLER TRUSTEE 162382 FAM. MEMBER(S) EMPLOYED BY CIT false LAURIE LESHIN OFFICER 42727 FAM. MEMBER(S) EMPLOYED BY CIT false GLENAIR INC SEE PART V 1468736 SEE PART V false THE WONDERFUL COMPANY LLC SEE PART V 62363937 SEE PART V false SCHEDULE L, PART IV, LINE 9 NAME OF PERSON: GLENAIR, INC. ("GLENAIR") RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: GLENAIR IS A 35%-OR-GREATER CONTROLLED ENTITY OF PETER D. KAUFMAN, WHO IS CHAIRMAN AND CEO OF GLENAIR, AS WELL AS A TRUSTEE OF THE INSTITUTE. AMOUNT OF TRANSACTIONS: AGGREGATE $1,468,736 FOR THE YEAR ENDED SEPTEMBER 30, 2024. DESCRIPTION OF TRANSACTIONS: GLENAIR IS A U.S.-BASED COMPANY THAT SPECIALIZES IN THE MANUFACTURING OF ELECTRONIC COMPONENTS. THE INSTITUTE HAS PROCURED COMPONENTS FROM GLENAIR IN THE NORMAL COURSE OF BUSINESS, AT ARM'S LENGTH, AND IN ACCORDANCE WITH INSTITUTE PROCUREMENT POLICIES AND PROCEDURES. SCHEDULE L, PART IV, LINE 10 NAME OF PERSON: THE WONDERFUL COMPANY, LLC ("TWC") RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: TWC IS A 35%-OR-GREATER CONTROLLED ENTITY OF STEWART A. RESNICK, WHO IS CHAIRMAN AND PRESIDENT OF TWC, AS WELL AS A TRUSTEE OF THE INSTITUTE. AMOUNT OF TRANSACTIONS: AGGREGATE $62,363,937 FOR THE YEAR ENDED SEPTEMBER 30, 2024. DESCRIPTION OF TRANSACTIONS: TWC IS A U.S.-BASED, PRIVATELY HELD COMPANY THAT PRODUCES AND MARKETS A WIDE RANGE OF AGRICULTURAL PRODUCTS AND FUNDS VARIOUS ENVIRONMENTAL AND SUSTAINABILITY EFFORTS. PURSUANT TO A SPONSORED RESEARCH AGREEMENT, TWC FUNDED RESEARCH AND DEVELOPMENT AT THE INSTITUTE IN THE AREAS OF SOLAR SCIENCE, WATER AND ENVIRONMENTAL RESOURCES, ECOLOGICAL ENGINEERING, AND RELATED FIELDS. THIS AGREEMENT WAS ENTERED INTO ON STANDARD TERMS FOR SUCH INSTITUTE AGREEMENTS. X 3 338000 APPRAISAL,PLACE MARK X 75 4909000 HI-LO AVERAGE X EQUIPMENT 12 458000 INVENTORY,PLACE MARK X CATERED MEAL 1 4000 ACTUAL PRICE 1 false true true SCHEDULE M, PART I CONTRIBUTION AMOUNTS ARE PRESENTED ON THE ACCRUAL BASIS CONSISTENT WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, AND THEREFORE MAY PRODUCE DIFFERENT RESULTS FROM COMPUTATIONS USING IRS-REQUIRED METHODOLOGY APPLICABLE TO DONORS. SCHEDULE M, PART I, COLUMN (B) AMOUNTS IN THIS COLUMN REFLECT THE NUMBER OF CONTRIBUTORS. SCHEDULE M, PART I, LINE 25 EQUIPMENT DONATED FOR RESEARCH AND INSTRUCTION. SCHEDULE M, PART I, LINE 32B 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 ("THE INSTITUTE"CALTECH") 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 $45,893,000 AND REVENUES $55,309,000) AUXILIARY ENTERPRISES IN SUPPORT OF THE INSTITUTE'S MISSION (CALTECH Y ALLOCATION) - GRANTS $75,000 CASH ALLOCATION TO RELATED ORGANIZATION SUPPORTING THE INSTITUTE'S MISSION (UNITED WAY GREATER LOS ANGELES) TO MATCH EMPLOYEE CONTRIBUTIONS TO UNITED WAY - GRANTS $46,000 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 THE DISTRIBUTION OF SUCH FUNDS OUTSIDE THE INSTITUTE. FORM 990, PART VI, LINE 1A PER THE INSTITUTE'S BY-LAWS, AN EXECUTIVE COMMITTEE WAS ESTABLISHED TO SERVE DURING THE INTERIM OF BOARD MEETINGS. THE EXECUTIVE COMMITTEE IS COMPRISED OF THE CHAIR OF THE BOARD, EACH VICE CHAIR OF THE BOARD, THE PRESIDENT, AND EACH STANDING COMMITTEE CHAIR. THE ESTABLISHED EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE THE POWERS OF THE BOARD FOR GENERAL GOVERNANCE MATTERS RELATED TO THE INSTITUTE. ANY ACTION TAKEN BY THE EXECUTIVE COMMITTEE SHALL BE REPORTED TO THE BOARD. FORM 990, PART VI, LINE 2 TRUSTEES JOSHUA S. FRIEDMAN AND WALTER G. KORTSCHAK - BUSINESS RELATIONSHIP TRUSTEES LI LU AND WALTER G. KORTSCHAK - BUSINESS RELATIONSHIP TRUSTEES LYNN A. BOOTH AND KENT KRESA - FAMILY RELATIONSHIP TRUSTEES WILLIAM T. GROSS AND WALTER G. KORTSCHAK - BUSINESS RELATIONSHIP FORM 990, PART VI, LINE 11B THE INSTITUTE PREPARED FORM 990 WITH THE ASSISTANCE OF A PAID PREPARER. A DRAFT OF THE FORM 990, EXCLUDING THE NAME OF AN ANONYMOUS DONOR, WAS PRESENTED TO THE AUDIT, COMPLIANCE, AND RISK COMMITTEE FOR REVIEW AND COMMENT. A FINAL COPY OF THE FORM 990, EXCLUDING THE NAME OF AN ANONYMOUS DONOR, WAS PROVIDED TO EACH MEMBER OF THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. OTHER THAN THE NAME OF AN ANONYMOUS DONOR, NO OTHER INFORMATION WAS REDACTED FROM THE DRAFT AND FINAL COPIES OF THE FORM 990 PROVIDED TO BOARD MEMBERS. 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 ANNUALLY TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE DISCLOSING POTENTIAL OR ACTUAL CONFLICTS. TRUSTEES, OFFICERS, AND KEY EMPLOYEES ARE ALSO 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, LINES 15A AND 15B THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES NORMALLY REVIEWS AT LEAST ANNUALLY THE COMPENSATION OF OFFICERS AND CERTAIN EMPLOYEES, INCLUDING 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 ESTIMATES OF TRUSTEES' TIME DEVOTED TO INSTITUTE BUSINESS ARE BASED ON FIGURES PROVIDED BY TRUSTEES THEMSELVES OR GENERAL INSTITUTE ESTIMATES BASED ON TRUSTEES' COMMITTEE ASSIGNMENTS. TIME DEVOTED TO INSTITUTE BUSINESS BY OFFICERS, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES MAY SUBSTANTIALLY EXCEED THE ESTIMATES PROVIDED ON A REGULAR BASIS. FORM 990, PART IX, LINE 24C THE INSTITUTE RECOVERS FROM ITS ENDOWMENT INVESTMENT POOL A PORTION OF THE COSTS OF RAISING AND STEWARDING ENDOWMENTS. SUCH ENDOWMENT RECOVERY IS APPLIED AGAINST FUNDRAISING EXPENSE. THE RESULTING REDUCTION IN ENDOWMENT NET ASSETS IS REFLECTED IN OTHER CHANGES IN NET ASSETS OR FUND BALANCES ON FORM 990, PART XI, LINE 9. 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 9 OTHER CHANGES IN NET ASSETS OR FUND BALANCES CHANGES IN POSTEMPLOYMENT BENEFIT OBLIGATION ($ 17,412,000) ENDOWMENT RECOVERY ($ 17,949,000) LOSS ON DISPOSAL OF PROPERTY ($ 2,781,000) DEFERRED TAX ASSET ADJUSTMENT $ 5,707,000 CHANGES IN FAIR VALUE OF INTEREST RATE SWAP ($ 9,606,000) CHANGE IN EXCISE TAX LIABILITY ($ 5,750,000) ---------------- TOTAL ($ 47,791,000) ================ FORM 990, PART XII, LINE 1 IN ACCORDANCE WITH IRS INSTRUCTIONS, FORM 990 AND ALL SCHEDULES THEREIN (WITH THE EXCEPTION OF REQUIRED CALENDAR-YEAR REPORTING FOR COMPENSATION) HAVE BEEN COMPLETED ON THE ACCRUAL BASIS CONSISTENT WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. CIT MICROPROBE HOLDINGS LLC 1200 EAST CALIFORNIA BLVD PASADENA CA 91125 205217981 HOLDING CO NV 76830 1525021 CALTECH CALTECH Y 1201 E CALIFORNIA BLVD PASADENA CA 91125 951684790 RECREATION CA 501(C)(3) 12C, III-FI NA false ALUMNI ASSOCIATION OF CALTECH 345 S HILL AVE PASADENA CA 91125 956047395 ALUMNI CA 501(C)(3) 12C, III-FI NA false TOM AND VALLEY KNUDSEN FDN C/O CALTECH GIFT PLANNING PASADENA CA 91125 956031188 SUPPORT ORG CA 501(C)(3) 12A, I CALTECH true RESCORE PREFERRED FEEDER LP ONE TOWN CENTER SUITE 600 BOCA RATON FL 33486 991605709 INVESTMENTS FL CALTECH EXCLUDED 0 20000000 false 0 false 0.56298 MEADOW FUND V QUEENS CO-INVESTMENT LP 430 PARK AVE 15th FLOOR NEW YORK NY 10022 863808474 INVESTMENTS NY CALTECH EXCLUDED -1055 38817462 false 0 false 1.00000 GAW CAPITAL GROWTH EQ FUND (FREIGHT)LPF 18/F 68 YEE WO STREET CAUSEWAY BAY HK INVESTMENTS CA CALTECH EXCLUDED 0 4930036 false 0 false 0.53763 VF1 ROLLOVER FEEDER LLC 151 West 42nd St 53RD FLOOR NEW YORK NY 10036 384210934 INVESTMENTS NY CALTECH EXCLUDED 539611 206215 false 539611 false 0.52282 CRUT (103) CHARITABLE TRUST CA CALTECH TRUST true true true true false false false false false false true false true true true true false false false true CRUT A 170084 FMV MEADOW FUND V QUEENS CO-INVESTMENT LP B 123420 FMV RESCORE PREFERRED FEEDER LP B 20000000 FMV VF1 ROLLOVER FEEDER LLC S 569574 FMV SCHEDULE R, PART V, LINES 1L, 1N, AND 1O 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. ADDITIONALLY, THE INSTITUTE PROVIDES DIRECT ADMINISTRATIVE SUPPORT, FOR A DE MINIMIS fee, TO THE TOM AND VALLEY KNUDSEN FOUNDATION, A RELATED PHILANTHROPIC FOUNDATION.