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.
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 |
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 |
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 |
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 |
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 |
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 |
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 |