| FORM 990, PART 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 $37,086,000 AND REVENUE $47,056,000) AUXILIARY ENTERPRISES IN SUPPORT OF THE INSTITUTE'S MISSION (CALTECH Y ALLOCATION) - GRANTS $75,000 CASH ALLOCATION TO RELATED ORGANIZATION SUPPORTING INSTITUTE'S MISSION (UNITED WAY GREATER LOS ANGELES) TO MATCH EMPLOYEE CONTRIBUTIONS TO UNITED WAY - GRANTS $42,000 |
| 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 DISTRIBUTION OF SUCH FUNDS OUTSIDE THE INSTITUTE. |
| FORM 990, PART VI, LINE 2 |
TRUSTEES THOMAS E. EVERHART AND PETER NORTON - BUSINESS RELATIONSHIP TRUSTEES JOSHUA S. FRIEDMAN AND DR. REBECKA BELLDEGRUN - BUSINESS RELATIONSHIP TRUSTEES JOSHUA S. FRIEDMAN AND RICHARD N. MERKIN - BUSINESS RELATIONSHIP TRUSTEES JOSHUA S. FRIEDMAN AND B. KIPLING HAGOPIAN - BUSINESS RELATIONSHIP 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 |
| FORM 990, PART VI, LINE 11B |
THE INSTITUTE PREPARED 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 THE 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. 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, LINE 15A, 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. ENDOWMENT RECOVERY REPRESENTS AMOUNTS FROM THE ENDOWMENT INVESTMENT POOL APPLIED AGAINST CURRENT FUNDRAISING COSTS. 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 OBLIGATIONS ($ 17,821,000) ENDOWMENT RECOVERY ($ 9,962,000) LOSS ON DISPOSAL OF PROPERTY ($ 885,000) CHANGES IN FAIR VALUE OF INTEREST RATE SWAP ($ 13,561,000) --------------- TOTAL ($ 42,229,000) =============== |
| 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. |
Attach to Form 990 or 990-EZ.