Annual Report 2010-2011 - Keck Graduate Institute

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SUPPORTERS Fellowships and Professorships The following contributors made gifts to establish endowments, significant fellowships, or special programs that benefited KGI in 2010-2011. Ann Peppers Foundation Ann Peppers Foundation Endowed Fellowship Fund Daniel Bradbury Bradbury Endowed Fellowship Fund Bristol-Myers Squibb Foundation Bristol-Myers Squibb Foundations Founders Circle Fellowship Catherine Burzik Catherine and Francis Burzik Founders Circle Fellowship Tony Caracciolo Anthony and Hallie Caracciolo Founders Circle Fellowship Marsh A. Cooper Marsh A. Cooper Founders Circle Fellowship Robert and Winifred Curry Robert and Winifred Curry Founders Circle Fellowship Dennis and Linda Fenton Dennis and Linda Fenton Founders Circle Fellowship Fletcher Jones Foundation Fletcher Jones Endowed Fellowship Fund H. Victor Hansen Hansen Endowed Fellowship Fund Thomas Lee Thomas H. Lee Founders Circle Fellowship Arthur D. Riggs Riggs City of Hope Fellowship Hank and Gayle Riggs Riggs/Carson Endowed Fellowship Fund Rose Hills Foundation Rose Hills Foundation Science and Engineering Fellowship Sidney J. Weinberg Jr. Foundation Sidney J. Weinberg Jr. Foundation Endowed Fellowship Matching Challenge Alumni Board Comprised of KGI graduate volunteers, the Alumni Board meets three times a year to discuss matters of importance to the alumni community, while working to increase networking opportunities for alumni, help develop KGI’s curriculum and assist with student recruitment. Padma Arunachalam (MBS ’05) Consultant & Chief Pioneer Hybrid Matt Grunseth (MBS ’08) Manager of Technology Licensing City of Hope Hutch Humphreys (MBS ’03) Associate Director, Regulatory Affairs Therapeutics, Inc. Aanchal Kamra (MBS ’09) Program Coordinator, Prostate Cancer Program City of Hope Madhu Lal (MBS ’04) Postdoctoral Fellow National Institute on Aging Darren Leva (MBS ’05)* Manager, Business Development Althea Technology Ryan Peeler (MBS ’07) Project Manager Lnx Research Ravneesh Sachdev (MBS ’06) Senior Manager, Corporate Development Onyx Pharmaceuticals Garry Seid (MBS ’03) Project Manager Amgen, Inc. Louis Shamel (MBS ’09) M&A Associate Life Technologies Nicole Sindy (MBS ’09) Clinical Research Associate Veracyte, Inc. Thomas Storey (MBS ’03) Manager, Business Development Amgen, Inc. *Board President 22 KGI Annual Report 2010-2011
Financial Statements STATEMENTS OF FINANCIAL POSITION JUNE 30, 2011 JUNE 30, 2010 SOURCE OF FUNDS ASSETS Cash and cash equivalents $26,947 $139,770 Accounts receivable 449,166 514,745 Prepaid expenses and deposits 821,460 388,796 Contributions receivable 3,238,484 5,623,383 Funds held in trust for others 134,182 126,682 Investments 45,433,492 40,225,682 Building investment, net 5,163,094 5,358,604 Buildings and equipment, net 12,093,890 12,403,428 LIABILITIES Total assets $67,360,715 $64,781,090 6/30/11 10% 25% 19% 28% 17% 2% Accounts payable and accrued liabilities $1,489,182 $1,319,719 Deposits and deferred revenues 120,709 124,390 Bonds payable and capital lease obligations 8,791,180 9,124,000 NET ASSETS Total liabilities 10,401,071 10,568,109 Unrestricted 19,728,027 19,571,479 Temporarily restricted 7,918,826 5,850,054 Permanently restricted 29,312,791 28,791,448 Tuition and fees – 28% Private gifts and grants – 17% Private contracts – 2% Federal grants and contracts – 19% Investment income – 25% Other revenues – 10% Total net assets 56,959,644 54,212,981 Total liabilities and net assets $67,360,715 $64,781,090 STATEMENTS OF ACTIVITIES REVENUES SOURCE OF FUNDS 6/30/10 Tuition and fees (net of tuition discount) $2,481,295 $2,011,300 Private gifts and grants 1,483,083 3,821,383 Private contracts 185,547 365,976 Federal grants and contracts 1,743,677 1,639,057 Investment income 2,225,945 1,995,296 Other revenues 853,059 769,980 EXPENSES Total revenues 8,972,606 10,602,992 19% 7% 15% 19% 36% Instruction 3,480,362 3,435,217 Research 2,604,096 2,903,457 Academic support 1,883,743 1,655,897 Student services 1,506,736 1,377,337 Institutional support 4,410,886 4,084,735 Total expenses 13,885,823 13,456,643 Deficiencies of revenues over expenses (4,913,217) (2,853,651) OTHER CHANGES IN NET ASSETS Actuarial adjustment (1,139) 5,479 Adjustments to contributions receivable 0 (10,000) Realized and unrealized investment gains, net 7,678,933 2,711,700 Loss on disposal of equipment (17,914) (35,578) 3% Tuition and fees – 19% Private gifts and grants – 36% Private contracts – 3% Federal grants and contracts – 15% Investment income – 19% Other revenues – 7% Total other changes in net assets 7,659,880 2,671,601 NET ASSETS - BEGINNING OF YEAR 54,212,981 54,395,031 NET ASSETS - END OF YEAR $56,959,644 $54,212,981 KGI Annual Report 2010-2011 23
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Annual Report 2010-2011 - Keck Graduate Institute

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