California Institute Of Technology
- Assets
- $5.6b
- Revenue
- $3.7b
- Investments
- $1.7b
- Employees
- 11,825
- Location
- Pasadena, CA
- Founding
- 02/1937
- Data as of
- 09/2019
- EIN
- 95-1643307
Organization Overview
California Institute Of Technology is located in Pasadena, CA. The organization was established in 1937. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 09/2019, California Institute Of Technology employed 11,825 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 09/2019, California Institute Of Technology generated $3.7b in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $3.5b during the year ending 09/2019. While expenses have increased by 6.3% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION, SCHOLARSHIPS, FELLOWSHIPS, AND OTHER STUDENT AID
ORGANIZED RESEARCH AT THE CAMPUS.
SPONSORED RESEARCH AT THE JET PROPULSION LABORATORY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas F Rosenbaum President/trustee | OfficerTrustee | 40 | $1,100,328 |
Scott H Richland Chief Investment Officer | Officer | 40 | $1,094,256 |
Michael M Watkins VP & Dir, Jpl | Officer | 40 | $723,230 |
Margaret A Steurbaut VP Admin & CFO | Officer | 40 | $671,645 |
Pasy Isabella Wang Sr Dir Of Investments | 40 | $660,713 | |
Larry Dean James Deputy Director Of Jpl | Officer | 40 | $597,212 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ball Aerospace Technologies Corp Aerospace | 9/29/19 | $166,975,240 |
Columbus Technologies And Services Information Tech | 9/29/19 | $51,087,096 |
Applied Physics Laboratory Research & Develop | 9/29/19 | $102,088,583 |
Lockheed Martin Corp Aerospace | 9/29/19 | $65,977,430 |
Peraton Inc Information Tech | 9/29/19 | $39,396,769 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $398,568,000 |
| Investment income | $58,006,000 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,419,000 |
| Net Rental Income | $185,000 |
| Net Gain/Loss on Asset Sales | $199,971,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,685,295,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $93,039,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $258,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $9,060,000 |
| Compensation to disqualified persons | $3,517,000 |
| Other salaries and wages | $1,275,423,000 |
| Pension plan accruals and contributions | $122,268,000 |
| Other employee benefits | $93,026,000 |
| Payroll taxes | $80,961,000 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,311,000 |
| Fees for services: Accounting | $1,067,000 |
| Fees for services: Lobbying | $397,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,478,000 |
| Fees for services: Other | $20,593,000 |
| Advertising and promotion | $388,000 |
| Office expenses | $420,495,000 |
| Information technology | $6,171,000 |
| Royalties | $204,000 |
| Occupancy | $48,175,000 |
| Travel | $36,300,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,888,000 |
| Interest | $42,664,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $74,117,000 |
| Insurance | $4,018,000 |
| All other expenses | $0 |
| Total functional expenses | $3,541,262,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $354,830,000 |
| Pledges and grants receivable | $148,314,000 |
| Accounts receivable, net | $374,846,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,692,997 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $569,267,000 |
| Investments—publicly traded securities | $1,336,209,000 |
| Investments—other securities | $1,739,280,003 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,596,206,000 |
| Accounts payable and accrued expenses | $682,609,000 |
| Grants payable | $0 |
| Deferred revenue | $31,836,000 |
| Tax-exempt bond liabilities | $195,000,000 |
| Escrow or custodial account liability | $88,896,000 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $981,092,000 |
| Other liabilities | $421,899,000 |
| Total liabilities | $2,401,332,000 |
| Net assets without donor restrictions | $486,982,000 |
| Net assets with donor restrictions | $876,456,000 |
| Capital stock or trust principal, or current funds | $1,831,436,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $3,194,874,000 |
Grants Awarded
Over the last fiscal year, California Institute Of Technology has awarded $114,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Pasadena, CA PURPOSE: ASSIST RELATED ORG. | $75,000 |
Los Angeles, CA PURPOSE: DESIGNATED ASSISTANCE | $39,000 |
Grants Recieved
Over the last fiscal year, we have identified 41 grants that California Institute Of Technology has recieved totaling $14,137,120.
| Awarding Organization | Amount |
|---|---|
Melza And Frank Theodore Barr Foundation Inc Houston, TX PURPOSE: ENDOWMENT OF CHAIR, CENTER FOR COMPARATIVE PLANETARY EVOLUTION. | $5,000,000 |
Melza And Frank Theodore Barr Foundation Inc Houston, TX PURPOSE: ENDOWMENT OF CHAIR, CENTER FOR COMPARATIVE PLANETARY EVOLUTION. | $5,000,000 |
Charles Lee Powell Foundation La Jolla, CA PURPOSE: EDUCATION | $650,000 |
Charles Lee Powell Foundation La Jolla, CA PURPOSE: EDUCATION | $650,000 |
Kresa Family Foundation New York, NY PURPOSE: UNRESTRICTED GENERAL | $555,557 |
Paul K Richter Memorial Fund Providence, RI PURPOSE: UNRESTRICTED GENERAL | $305,000 |
Endowment Analysis
| Beg. Balance | $2,906,200,000 |
| Earnings | $149,358,000 |
| Admin Expense | $29,487,000 |
| Net Contributions | $91,270,000 |
| Other Expense | $103,105,000 |
| Grants | $27,576,000 |
| Ending Balance | $2,986,660,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pepperdine University Malibu, CA | $2,047,744,709 | $580,174,202 |
Loyola Marymount University Los Angeles, CA | $1,440,707,978 | $556,313,636 |
Chapman University Orange, CA | $1,605,493,045 | $623,060,469 |
President-Board Of Trustees Santa Clara College Santa Clara, CA | $2,391,705,262 | $550,696,402 |
University Of San Diego San Diego, CA | $1,513,056,957 | $520,612,377 |
University Of San Francisco San Francisco, CA | $1,504,911,825 | $571,770,890 |
University Of The Pacific Stockton, CA | $1,134,390,428 | $460,359,740 |
Loma Linda University Loma Linda, CA | $1,680,846,175 | $284,623,400 |
Loma Linda University Shared Services Loma Linda, CA | $297,987,875 | $307,068,442 |
Azusa Pacific University Azusa, CA | $352,158,662 | $298,077,591 |
National University La Jolla, CA | $1,273,278,667 | $550,478,609 |
University Of Portland Portland, OR | $637,956,444 | $243,526,883 |