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Nonprofiteer
← J DAVID GLADSTONE INSTITUTES

Form 990 for tax year 2022

Filed by J DAVID GLADSTONE INSTITUTES.

Totals

Total revenue
$144,774,821
Total expenses
$118,956,646
Contributions and grants received
$55,156,655
Grants paid
$0
Program service revenue
$76,577,087
Investment income
$12,479,849
Other revenue
$561,230
Total assets, end of year
$358,330,486
Total liabilities, end of year
$190,687,162
Net assets or fund balances, end of year
$167,643,324
Program services expenses (Part IX)
$99,900,056
Management and general expenses
$17,317,867
Fundraising expenses
$1,738,723
Program service expenses (Part III)
$99,900,056

Program services were 84.0% 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

    $21,335,000

  • 1f · All other contributions, gifts and grants

    $33,821,655

  • 2a · Program service revenue: GOVERNMENT CONTRACTS

    total $59,966,637 · related or exempt $59,966,637

  • 2b · Program service revenue: OTHER GRANT INCOME

    total $14,899,926 · related or exempt $14,899,926

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

    total $1,276,960 · related or exempt $1,276,960

  • 2d · Program service revenue: INTELLECTUAL PROPERTY INCOME

    total $433,564 · related or exempt $433,564

  • 3 · Investment income

    total $5,812,778 · excluded $5,812,778

  • 6a · Gross rents

    real property $146,075

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $146,075

  • 6d · Net rental income or loss

    total $146,075 · excluded $146,075

  • 7a · Gross sales of assets other than inventory

    securities $23,420,204 · other assets $153,010

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

    securities $16,820,738 · other assets $85,405

  • 7c · Gain or loss

    securities $6,599,466 · other assets $67,605

  • 7d · Net gain or loss

    total $6,667,071 · excluded $6,667,071

  • 11a · Other revenue: K-1 PASSTHROUGH

    total $3,198 · unrelated business $3,198

  • 11d · All other revenue

    total $411,957 · excluded $411,957

  • 11e · Other revenue, total

    $415,155

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $7,226,936 · program services $5,515,318 · management and general $1,520,579 · fundraising $191,039

  • 7 · Other salaries and wages

    total $38,878,225 · program services $29,655,356 · management and general $8,169,341 · fundraising $1,053,528

  • 8 · Pension plan contributions

    total $3,351,236 · program services $2,631,725 · management and general $719,511

  • 9 · Other employee benefits

    total $8,701,716 · program services $6,448,220 · management and general $1,834,478 · fundraising $419,018

  • 10 · Payroll taxes

    total $2,909,764 · program services $2,285,089 · management and general $624,675

  • 11b · Fees: legal

    total $780,717 · program services $735,522 · management and general $45,195

  • 11c · Fees: accounting

    total $219,845 · management and general $219,845

  • 11f · Fees: investment management

    total $388,890 · management and general $388,890

  • 11g · Fees: other

    total $17,265,949 · program services $16,067,493 · management and general $1,154,929 · fundraising $43,527

  • 12 · Advertising and promotion

    total $77,286 · program services $77,286

  • 13 · Office expenses

    total $11,599,432 · program services $11,579,719 · management and general $509 · fundraising $19,204

  • 14 · Information technology

    total $1,293,915 · program services $1,284,202 · management and general $229 · fundraising $9,484

  • 15 · Royalties

    total $30,000 · program services $30,000

  • 16 · Occupancy

    total $6,792,261 · program services $6,107,213 · management and general $685,048

  • 17 · Travel

    total $1,065,920 · program services $1,052,095 · management and general $11,320 · fundraising $2,505

  • 20 · Interest

    total $6,882,846 · program services $6,044,838 · management and general $838,008

  • 22 · Depreciation, depletion and amortization

    total $6,680,400 · program services $5,919,070 · management and general $761,330

  • 23 · Insurance

    total $1,448,271 · program services $1,104,291 · management and general $343,980

  • 24a · Other expenses: ANIMALS

    total $3,264,607 · program services $3,264,607

  • 24e · All other expenses

    total $98,430 · program services $98,012 · fundraising $418

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,253,357 · end of year $3,057,509

  • 2 · Savings and temporary cash investments

    beginning of year $1,434,010 · end of year $333,523

  • 3 · Pledges and grants receivable

    beginning of year $52,867,768 · end of year $62,210,757

  • 4 · Accounts receivable

    beginning of year $5,124,046 · end of year $6,383,371

  • 5 · Loans and receivables from officers and key people

    beginning of year $1,075,000 · end of year $700,000

  • 7 · Other notes and loans receivable

    beginning of year $1,016,998 · end of year $5,686,998

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,288,643 · end of year $2,155,243

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

    $174,455,443

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

    $94,965,253

  • 10c · Land, buildings and equipment, net

    beginning of year $82,340,578 · end of year $79,490,190

  • 11 · Investments: publicly traded securities

    beginning of year $104,948,168 · end of year $80,143,342

  • 12 · Investments: other securities

    beginning of year $90,091,564 · end of year $92,158,134

  • 14 · Intangible assets

    beginning of year $4,985,842 · end of year $3,821,068

  • 15 · Other assets

    beginning of year $13,040,127 · end of year $22,190,351

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,483,351 · end of year $5,900,447

  • 19 · Deferred revenue

    beginning of year $10,824,120 · end of year $12,686,736

  • 23 · Secured mortgages and notes payable

    beginning of year $159,025,000 · end of year $157,070,000

  • 25 · Other liabilities

    beginning of year $16,008,312 · end of year $15,029,979

  • 27 · Net assets without donor restrictions

    beginning of year $117,208,843 · end of year $86,449,463

  • 28 · Net assets with donor restrictions

    beginning of year $58,916,475 · end of year $81,193,861

Mission and programs · 2022

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 $39,772,590 · Revenue $34,052,256

  • 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 $21,346,476 · Revenue $17,747,473

  • 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 $17,195,381 · Revenue $9,766,176

  • 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 $21,585,609 · Revenue $15,011,182

As filed on the 2022 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
    $1,112,279
    From this org
    $1,027,331
    From related orgs
    $0
    Other
    $84,948
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $836,794
    Bonus
    $150,000
    Other
    $40,537
    Deferred
    $45,750
    Nontaxable benefits
    $39,198
    Filer's total
    $1,112,279

  • Robert Obana

    COO

    Total calculated
    $671,696
    From this org
    $597,259
    From related orgs
    $0
    Other
    $74,437
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $490,401
    Bonus
    $100,000
    Other
    $6,858
    Deferred
    $45,750
    Nontaxable benefits
    $28,687
    Filer's total
    $671,696

  • Warner Greene

    DIRECTOR

    Total calculated
    $596,451
    From this org
    $522,014
    From related orgs
    $0
    Other
    $74,437
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $510,890
    Bonus
    $0
    Other
    $11,124
    Deferred
    $45,750
    Nontaxable benefits
    $28,687
    Filer's total
    $596,451

  • Lennart Mucke

    DIRECTOR

    Total calculated
    $635,560
    From this org
    $576,250
    From related orgs
    $0
    Other
    $59,310
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $572,686
    Bonus
    $0
    Other
    $3,564
    Deferred
    $45,750
    Nontaxable benefits
    $13,560
    Filer's total
    $635,560

  • Katherine Pollard

    DIRECTOR

    Total calculated
    $556,805
    From this org
    $471,857
    From related orgs
    $0
    Other
    $84,948
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $470,615
    Bonus
    $0
    Other
    $1,242
    Deferred
    $45,750
    Nontaxable benefits
    $39,198
    Filer's total
    $556,805

  • Benoit Bruneau

    DIRECTOR

    Total calculated
    $595,578
    From this org
    $510,630
    From related orgs
    $0
    Other
    $84,948
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $455,319
    Bonus
    $54,069
    Other
    $1,242
    Deferred
    $45,750
    Nontaxable benefits
    $39,198
    Filer's total
    $595,578

  • Melanie Ott

    DIRECTOR

    Total calculated
    $603,727
    From this org
    $518,779
    From related orgs
    $0
    Other
    $84,948
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $516,457
    Bonus
    $0
    Other
    $2,322
    Deferred
    $45,750
    Nontaxable benefits
    $39,198
    Filer's total
    $603,727

  • Alex Marson

    DIRECTOR

    Total calculated
    $568,407
    From this org
    $522,391
    From related orgs
    $0
    Other
    $46,016
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $445,422
    Bonus
    $0
    Other
    $76,969
    Deferred
    $30,500
    Nontaxable benefits
    $15,516
    Filer's total
    $568,407

  • Steven M Finkbeiner

    DIRECTOR

    Total calculated
    $611,433
    From this org
    $526,485
    From related orgs
    $0
    Other
    $84,948
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $524,163
    Bonus
    $0
    Other
    $2,322
    Deferred
    $45,750
    Nontaxable benefits
    $39,198
    Filer's total
    $611,433

  • Leor Weinberger

    SR. INVESTIGATOR

    Total calculated
    $560,375
    From this org
    $475,427
    From related orgs
    $0
    Other
    $84,948
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $413,474
    Bonus
    $0
    Other
    $61,953
    Deferred
    $45,750
    Nontaxable benefits
    $39,198
    Filer's total
    $560,375

  • Stephen Freedman

    VP FOR CORP LIAISON & VENTURES

    Total calculated
    $517,298
    From this org
    $457,423
    From related orgs
    $0
    Other
    $59,875
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $450,565
    Bonus
    $0
    Other
    $6,858
    Deferred
    $45,750
    Nontaxable benefits
    $14,125
    Filer's total
    $517,298

  • Robert Wicks

    VP OF PHILANTHROPY

    Total calculated
    $448,931
    From this org
    $411,899
    From related orgs
    $0
    Other
    $37,032
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $410,657
    Bonus
    $0
    Other
    $1,242
    Deferred
    $30,500
    Nontaxable benefits
    $6,532
    Filer's total
    $448,931

  • Jennifer Crosby

    VP OF PEOPLE SERVICES

    Total calculated
    $502,486
    From this org
    $432,788
    From related orgs
    $0
    Other
    $69,698
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $354,418
    Bonus
    $77,128
    Other
    $1,242
    Deferred
    $30,500
    Nontaxable benefits
    $39,198
    Filer's total
    $502,486

  • Megan McDevitt

    VP OF COMMUNICATIONS (THRU 11/22)

    Total calculated
    $444,981
    From this org
    $399,332
    From related orgs
    $0
    Other
    $45,649
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $222,512
    Bonus
    $0
    Other
    $176,820
    Deferred
    $33,842
    Nontaxable benefits
    $11,807
    Filer's total
    $444,981

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
  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 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. 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 4A
MEGAN MCDEVITT RECEIVED A SEVERANCE PAYMENT OF $128,750 DURING CALENDAR YEAR 2022.
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.

  • MAPLE TREE HOLDINGS LLC

    REAL ESTATE · CA

    Directly controlled by GRE LLC

  • 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

  • JSW EASTRICH LLC

    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 $8,389,868 · share of assets $96,132,286 · controlled entity

  • CURE NETWORK VENTURES INC

    C · CA · 100% owned · share of assets $127,543 · controlled entity

Provenance

Return type
form_990
Tax year
2022
Filed
7 November 2023
IRS schema version
2022v5.0
Source object
202303149349305620

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