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Nonprofiteer
← J DAVID GLADSTONE INSTITUTES

Form 990 for tax year 2023

Filed by J DAVID GLADSTONE INSTITUTES.

Totals

Total revenue
$119,208,526
Total expenses
$127,669,032
Contributions and grants received
$20,222,638
Grants paid
$0
Program service revenue
$85,513,618
Investment income
$12,949,622
Other revenue
$522,648
Total assets, end of year
$365,291,245
Total liabilities, end of year
$192,865,411
Net assets or fund balances, end of year
$172,425,834
Program services expenses (Part IX)
$107,172,641
Management and general expenses
$18,435,048
Fundraising expenses
$2,061,343
Program service expenses (Part III)
$107,172,641

Program services were 83.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $7,474,263

  • 1f · All other contributions, gifts and grants

    $12,748,375

  • 1g · Noncash contributions included above

    $1,346

  • 2a · Program service revenue: GOVERNMENT CONTRACTS

    total $64,992,588 · related or exempt $64,992,588

  • 2b · Program service revenue: OTHER GRANT INCOME

    total $18,886,075 · related or exempt $18,886,075

  • 2c · Program service revenue: SCIENTIFIC CORE RECHARGE REVENUE

    total $994,494 · related or exempt $994,494

  • 2d · Program service revenue: INTELLECTUAL PROPERTY INCOME

    total $547,390 · related or exempt $547,390

  • 2e · Program service revenue: OTHER SCIENTIFIC REVENUE

    total $93,071 · related or exempt $93,071

  • 3 · Investment income

    total $4,924,697 · excluded $4,924,697

  • 6a · Gross rents

    real property $244,994

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $244,994

  • 6d · Net rental income or loss

    total $244,994 · excluded $244,994

  • 7a · Gross sales of assets other than inventory

    securities $10,956,322 · other assets $1,311

  • 7b · Less cost or other basis and sales expenses

    securities $2,927,970 · other assets $4,738

  • 7c · Gain or loss

    securities $8,028,352 · other assets -$3,427

  • 7d · Net gain or loss

    total $8,024,925 · excluded $8,024,925

  • 11d · All other revenue

    total $277,654 · excluded $277,654

  • 11e · Other revenue, total

    $277,654

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $7,436,666 · program services $5,673,400 · management and general $1,582,363 · fundraising $180,903

  • 7 · Other salaries and wages

    total $43,009,522 · program services $32,871,707 · management and general $9,069,149 · fundraising $1,068,666

  • 8 · Pension plan contributions

    total $3,417,002 · program services $2,625,770 · management and general $791,232

  • 9 · Other employee benefits

    total $8,802,438 · program services $6,387,967 · management and general $1,999,946 · fundraising $414,525

  • 10 · Payroll taxes

    total $3,248,622 · program services $2,496,375 · management and general $752,247

  • 11b · Fees: legal

    total $702,222 · program services $531,054 · management and general $171,168

  • 11c · Fees: accounting

    total $236,114 · management and general $236,114

  • 11f · Fees: investment management

    total $427,463 · management and general $427,463

  • 11g · Fees: other

    total $19,487,550 · program services $18,386,065 · management and general $751,614 · fundraising $349,871

  • 12 · Advertising and promotion

    total $338,640 · program services $335,515 · management and general $209 · fundraising $2,916

  • 13 · Office expenses

    total $12,020,497 · program services $11,999,017 · management and general $190 · fundraising $21,290

  • 14 · Information technology

    total $1,496,382 · program services $1,478,307 · fundraising $18,075

  • 15 · Royalties

    total $101,834 · program services $101,834

  • 16 · Occupancy

    total $6,744,036 · program services $6,047,906 · management and general $695,730 · fundraising $400

  • 17 · Travel

    total $1,540,516 · program services $1,454,983 · management and general $81,639 · fundraising $3,894

  • 20 · Interest

    total $6,749,567 · program services $5,987,385 · management and general $762,182

  • 22 · Depreciation, depletion and amortization

    total $6,999,123 · program services $6,200,780 · management and general $798,343

  • 23 · Insurance

    total $1,256,380 · program services $941,163 · management and general $315,217

  • 24a · Other expenses: ANIMALS

    total $3,407,324 · program services $3,407,324

  • 24e · All other expenses

    total $247,134 · program services $246,089 · management and general $242 · fundraising $803

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,057,509 · end of year $1,781,894

  • 2 · Savings and temporary cash investments

    beginning of year $333,523 · end of year $22,114,700

  • 3 · Pledges and grants receivable

    beginning of year $62,210,757 · end of year $30,417,647

  • 4 · Accounts receivable

    beginning of year $6,383,371 · end of year $6,637,689

  • 5 · Loans and receivables from officers and key people

    beginning of year $700,000 · end of year $1,925,000

  • 7 · Other notes and loans receivable

    beginning of year $5,686,998 · end of year $5,476,998

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,155,243 · end of year $2,516,414

  • 10a · Land, buildings and equipment: cost or other basis

    $179,037,045

  • 10b · Land, buildings and equipment: accumulated depreciation

    $100,473,548

  • 10c · Land, buildings and equipment, net

    beginning of year $79,471,690 · end of year $78,563,497

  • 11 · Investments: publicly traded securities

    beginning of year $80,143,342 · end of year $97,523,142

  • 12 · Investments: other securities

    beginning of year $92,158,134 · end of year $90,268,077

  • 15 · Other assets

    beginning of year $26,029,919 · end of year $28,066,187

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,900,447 · end of year $7,300,528

  • 19 · Deferred revenue

    beginning of year $12,686,736 · end of year $17,176,342

  • 23 · Secured mortgages and notes payable

    beginning of year $157,070,000 · end of year $155,060,000

  • 25 · Other liabilities

    beginning of year $15,029,979 · end of year $13,328,541

  • 27 · Net assets without donor restrictions

    beginning of year $86,449,463 · end of year $93,955,280

  • 28 · Net assets with donor restrictions

    beginning of year $81,193,861 · end of year $78,470,554

Mission and programs · 2023

Mission

TO DRIVE A NEW ERA OF DISCOVERY IN DISEASE ORIENTED SCIENCE AND TO MENTOR TOMORROW'S LEADERS IN AN INSPIRING AND DIVERSE ENVIRONMENT.

  • THE INSTITUTE OF NEUROLOGICAL DISEASE MAINTAINS A STRONG FOCUS ON NEURODEGENERATIVE AND NEUROINFLAMMATORY DISEASES, INCLUDING ALZHEIMER'S DISEASE AND OTHER DEMENTIAS, PARKINSON'S DISEASE, AMYOTROPHIC LATERAL SCLEROSIS (ALS), AND MULTIPLE SCLEROSIS. THE INVESTIGATORS ARE SEARCHING FOR COMMON THREADS THAT WILL ALLOW THEM TO IDENTIFY THERAPEUTIC INTERVENTIONS THAT MIGHT BENEFIT MULTIPLE CONDITIONS. THEY ARE USING UNCONVENTIONAL APPROACHES TO IDENTIFY SUCH MULTI-FACETED SOLUTIONS, WHILE ALSO LEVERAGING CAPABILITIES IN REGENERATIVE AND PERSONALIZED MEDICINE.

    Expenses $38,145,444 · Revenue $34,858,161

  • THE INSTITUTE OF VIROLOGY HAS MADE SIGNIFICANT CONTRIBUTIONS TO FIGHT HIV/AIDS, SARS-COV-2, HEPATITIS C, ZIKA, AND CYTOMEGALOVIRUS INFECTIONS LEADING TO GLOBAL AND GROUNDBREAKING EFFORTS IN HIV PREVENTION AND CURE. ITS STATE OF THE ART BSL3 LABORATORIES HAVE ALLOWED GLADSTONE TO DO GROUNDBREAKING WORK IN UNDERSTANDING THE COVID-19 VIRUS AND OTHER VIRUS DRIVEN DISEASES. BY FOCUSING ON PREVENTION, DIAGNOSIS, AND THERAPEUTICS, THE INSTITUTE AIMS TO DEVELOP PROACTIVE STRATEGIES TO TACKLE CURRENT AND FUTURE PANDEMICS.

    Expenses $20,134,151 · Revenue $20,465,969

  • THE INSTITUTE OF CARDIOVASCULAR DISEASE LEVERAGES IMPORTANT GENETIC, DEVELOPMENTAL, CHEMICAL, BIOLOGICAL SYSTEMS, COMPUTATIONAL, AND ENGINEERING APPROACHES TO STUDY HEART DISEASE AND STEM CELL BIOLOGY.

    Expenses $17,584,039 · Revenue $11,403,794

  • THE GLADSTONE INSTITUTE OF DATA SCIENCE AND BIOTECHNOLOGY INVESTS IN TALENT TO CREATE NEW WAYS TO ANALYZE AND INTEGRATE DATASETS, INCLUDING MACHINE LEARNING APPROACHES THAT LEVERAGE THE RAPID ADVANCES IN ARTIFICIAL INTELLIGENCE. IT WILL BE THE HOME FOR DEVELOPMENT OF NEW TECHNOLOGIES THAT CAN ACCELERATE DISCOVERY IN ALL AREAS OF INVESTIGATION AT GLADSTONE. GLADSTONE - UCSF INSTITUTE OF GENOMIC IMMUNOLOGY BLENDS THE LATEST GENOMICS AND GENOME ENGINEERING TECHNOLOGIES WITH IMMUNOLOGY RESEARCH TO ENGINEER THE HUMAN IMMUNE SYSTEM FOR THERAPEUTIC BENEFIT.

    Expenses $31,309,007 · Revenue $18,785,694

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Nicholas J Simon

    TRUSTEE

    Total calculated
    $425,000
    From this org
    $425,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

    Schedule J breakdown matched by us

    Base
    $425,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $425,000

  • Andrew S Garb

    TRUSTEE

    Total calculated
    $425,000
    From this org
    $425,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

    Schedule J breakdown matched by us

    Base
    $425,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $425,000

  • William Price

    TRUSTEE

    Total calculated
    $425,000
    From this org
    $425,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

    Schedule J breakdown matched by us

    Base
    $425,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $425,000

  • Deepak Srivastava

    PRESIDENT

    Total calculated
    $1,300,371
    From this org
    $1,209,292
    From related orgs
    $0
    Other
    $91,079
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $1,018,852
    Bonus
    $150,000
    Other
    $40,440
    Deferred
    $49,500
    Nontaxable benefits
    $41,579
    Filer's total
    $1,300,371

  • Robert Obana

    COO

    Total calculated
    $693,806
    From this org
    $613,776
    From related orgs
    $0
    Other
    $80,030
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $506,918
    Bonus
    $100,000
    Other
    $6,858
    Deferred
    $49,500
    Nontaxable benefits
    $30,530
    Filer's total
    $693,806

  • Warner Greene

    DIRECTOR (THRU 12/23)

    Total calculated
    $457,345
    From this org
    $377,315
    From related orgs
    $0
    Other
    $80,030
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $369,644
    Bonus
    $0
    Other
    $7,671
    Deferred
    $49,500
    Nontaxable benefits
    $30,530
    Filer's total
    $457,345

  • Lennart Mucke

    DIRECTOR

    Total calculated
    $664,653
    From this org
    $600,802
    From related orgs
    $0
    Other
    $63,851
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $593,944
    Bonus
    $0
    Other
    $6,858
    Deferred
    $49,500
    Nontaxable benefits
    $14,351
    Filer's total
    $664,653

  • Katherine Pollard

    DIRECTOR

    Total calculated
    $578,533
    From this org
    $489,200
    From related orgs
    $0
    Other
    $89,333
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $488,010
    Bonus
    $0
    Other
    $1,190
    Deferred
    $49,500
    Nontaxable benefits
    $39,833
    Filer's total
    $578,533

  • Benoit Bruneau

    DIRECTOR

    Total calculated
    $597,883
    From this org
    $506,804
    From related orgs
    $0
    Other
    $91,079
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $505,562
    Bonus
    $0
    Other
    $1,242
    Deferred
    $49,500
    Nontaxable benefits
    $41,579
    Filer's total
    $597,883

  • Melanie Ott

    DIRECTOR

    Total calculated
    $625,702
    From this org
    $534,623
    From related orgs
    $0
    Other
    $91,079
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $531,059
    Bonus
    $0
    Other
    $3,564
    Deferred
    $49,500
    Nontaxable benefits
    $41,579
    Filer's total
    $625,702

  • Alex Marson

    DIRECTOR

    Total calculated
    $607,978
    From this org
    $530,966
    From related orgs
    $0
    Other
    $77,012
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $453,997
    Bonus
    $0
    Other
    $76,969
    Deferred
    $42,780
    Nontaxable benefits
    $34,232
    Filer's total
    $607,978

  • Steven M Finkbeiner

    DIRECTOR

    Total calculated
    $635,395
    From this org
    $544,316
    From related orgs
    $0
    Other
    $91,079
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $540,752
    Bonus
    $0
    Other
    $3,564
    Deferred
    $49,500
    Nontaxable benefits
    $41,579
    Filer's total
    $635,395

  • Leor Weinberger

    SR. INVESTIGATOR

    Total calculated
    $577,786
    From this org
    $486,707
    From related orgs
    $0
    Other
    $91,079
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $372,247
    Bonus
    $0
    Other
    $114,460
    Deferred
    $49,500
    Nontaxable benefits
    $41,579
    Filer's total
    $577,786

  • Stephen Freedman

    VP FOR CORP LIAISON & VENTURES

    Total calculated
    $537,024
    From this org
    $473,173
    From related orgs
    $0
    Other
    $63,851
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $466,315
    Bonus
    $0
    Other
    $6,858
    Deferred
    $49,500
    Nontaxable benefits
    $14,351
    Filer's total
    $537,024

  • Robert Wicks

    VP OF PHILANTHROPY

    Total calculated
    $483,588
    From this org
    $427,001
    From related orgs
    $0
    Other
    $56,587
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $424,679
    Bonus
    $0
    Other
    $2,322
    Deferred
    $49,500
    Nontaxable benefits
    $7,087
    Filer's total
    $483,588

  • Jennifer Crosby

    VP OF PEOPLE SERVICES

    Total calculated
    $545,190
    From this org
    $470,611
    From related orgs
    $0
    Other
    $74,579
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $365,018
    Bonus
    $90,000
    Other
    $15,593
    Deferred
    $33,000
    Nontaxable benefits
    $41,579
    Filer's total
    $545,190

  • Michelle Sibly

    VP OF FINANCE

    Total calculated
    $486,097
    From this org
    $436,597
    From related orgs
    $0
    Other
    $49,500
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $360,787
    Bonus
    $75,000
    Other
    $810
    Deferred
    $49,500
    Nontaxable benefits
    $0
    Filer's total
    $486,097

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1a · Tax indemnification and gross-up payments
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
FIRST CLASS TRAVEL- THE INSTITUTES HAVE A POLICY FOR LONGER FLIGHTS AND ALLOWS UPGRADES FOR EMPLOYEES, WHICH MAY INCLUDE FIRST CLASS TRAVEL. THE BENEFIT, IF USED, IS NOT TAXABLE COMPENSATION TO THE EMPLOYEE. TAX INDEMNIFICATION & GROSS UP PAYMENTS- PRINCIPAL REDUCTION RELATING TO THE RELOCATION LOANS PROVIDED TO DEEPAK SRIVASTAVA, LEOR WEINBERGER, AND ALEX MARSON ARE GROSSED UP AND INCLUDED AS TAXABLE COMPENSATION.
PART I, LINE 7
NONDISCRETIONARY BONUS PAYMENTS WERE PAID BASED ON PERSONS MEETING GOALS SET BY AND APPROVED BY TRUSTEES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • 303 PARTNERS HOLDINGS LLC

    REAL ESTATE · CA

    Directly controlled by GRE LLC

  • 2720 PARTNERS LLC

    REAL ESTATE · CA

    Directly controlled by GRE LLC

  • CAHUENGA NOHO LLC

    REAL ESTATE · CA

    Directly controlled by GRE LLC

  • VERDUGO MARKETPLACE LLC

    REAL ESTATE · CA

    Directly controlled by GRE LLC

  • 135 N DOHENY LLC

    REAL ESTATE · CA

    Directly controlled by GRE LLC

  • 3912 W SUNSET LLC

    REAL ESTATE · CA

    Directly controlled by GRE LLC

  • 1641-1645 N CAHUENGA

    REAL ESTATE · CA

    Directly controlled by GRE LLC

  • CE BARRY LLC

    REAL ESTATE · CA

    Directly controlled by GRE LLC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • GRE LLC

    C · REIT · DE · 99% owned · share of income $6,176,128 · share of assets $94,253,847 · controlled entity

  • CURE NETWORK VENTURES INC

    C · CA · 100% owned · share of assets $142,227 · controlled entity

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202403189349307515

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