CALIFORNIA INSTITUTE OF TECHNOLOGY Charity Report

Public IRS 990 nonprofit record

CALIFORNIA INSTITUTE OF TECHNOLOGY

EIN 95-1643307 · Education (B430)

What they do

SEE SCHEDULE O

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $96.70 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe explanation is very short. Ask what work they really do.

They name their leaders79 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

85.55%of revenue went to mission work96.7% of expenses · Program services

0.26%of revenue went to fundraising0.3% of expenses

$104.40spent for every $100 of revenueSpending was higher than revenue this year.

2.69%of revenue went to management and office costs3.0% of expenses

$2.19in assets for every $1 spent this yearSome assets cannot be spent right away.

26.6%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $155,529,000 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $1,985,980 for SCOTT H RICHLAND (CHIEF INVESTMENT OFFICER). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$4,165,188,000

Mission workProgram services$3,563,524,00085.55% of revenue96.7% of expenses

ManagementOffice and general costs$112,222,0002.69% of revenue3.0% of expenses

FundraisingAsking for donations$11,004,0000.26% of revenue0.3% of expenses

Revenue left after expensesReported annual surplus$478,438,00011.49% of revenueShown in gray on the chart

Total expenses$3,686,750,00088.51% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2023CurrentExpense mix: 96.7% mission · 3.0% management · 0.3% fundraisingTotal expenses: 88.51% of revenue

2022Expense mix: 96.7% mission · 3.0% management · 0.2% fundraisingTotal expenses: 94.18% of revenue

2021Expense mix: 96.6% mission · 3.1% management · 0.3% fundraisingTotal expenses: 95.20% of revenue

2020Expense mix: 96.5% mission · 3.3% management · 0.2% fundraisingTotal expenses: 92.97% of revenue

2019Expense mix: 96.7% mission · 3.0% management · 0.3% fundraisingTotal expenses: 98.44% of revenue

2018Expense mix: 96.9% mission · 2.8% management · 0.3% fundraisingTotal expenses: 96.09% of revenue

2017Expense mix: 97.0% mission · 2.8% management · 0.3% fundraisingTotal expenses: 98.02% of revenue

2016Expense mix: 96.7% mission · 3.0% management · 0.4% fundraisingTotal expenses: 98.28% of revenue

Money in and money out

Revenue$3,531,221,000

Expenses$3,686,750,000

Annual shortfall $155,529,000 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$3,563,524,000 · 96.7% of expenses

Management and office costs$112,222,000 · 3.0% of expenses

Fundraising$11,004,000 · 0.3% of expenses

See all reported dollar amounts

Revenue$3,531,221,000

Expenses$3,686,750,000

Assets$8,072,661,000

Income$4,483,484,000

Contributions$938,592,000

Mission work (program services)$3,563,524,000

Fundraising$11,004,000

Grants given$838,000

Average grant$59,857

Management and general$112,222,000

Stocks and bonds$2,060,309,000

Accounting fees$1,456,000

Investing fees$13,101,000

People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

SCOTT H RICHLANDCHIEF INVESTMENT OFFICER · 40 hrs/week $1,985,980Base $1,323,751 · Other $662,229

THOMAS F ROSENBAUMPRESIDENT & TRUSTEE · 40 hrs/week $1,936,827Base $1,792,256 · Other $144,571

LAURIE A LESHINVP & DIRECTOR, JPL · 40 hrs/week $1,420,888Base $1,364,626 · Other $56,262

KAREN L SISSONFORMER VP ADMIN & CFO · 40 hrs/week $1,109,598Base $1,041,722 · Other $67,876

DOUGLAS N MACBEANSR MANAGING DIR INVESTMENTS · 40 hrs/week $929,365Base $717,505 · Other $211,860

DAVID A TIRRELLPROVOST · 40 hrs/week $911,481Base $846,666 · Other $64,815

DEXTER A BAILEYVP ADV & ALUMNI RELATIONS · 40 hrs/week $872,596Base $793,904 · Other $78,692

ROBERT P KIRSHNERASTRONOMY PROF & EXEC DIR, TIO · 40 hrs/week $858,538Base $803,719 · Other $54,819

JENNIFER T LUMGENERAL COUNSEL · 40 hrs/week $833,952Base $705,456 · Other $128,496

KIRK KAWASAWASR MNG DIR INVESTMENT OPS · 40 hrs/week $782,088Base $613,645 · Other $168,443

CATHY A LIGHTSECRETARY, BOARD OF TRUSTEES · 40 hrs/week $751,936Base $668,134 · Other $83,802

LARRY D JAMESDEPUTY DIRECTOR, JPL · 40 hrs/week $720,671Base $659,412 · Other $61,259

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (79)

SCOTT H RICHLANDCHIEF INVESTMENT OFFICER

THOMAS F ROSENBAUMPRESIDENT & TRUSTEE

LAURIE A LESHINVP & DIRECTOR, JPL

KAREN L SISSONFORMER VP ADMIN & CFO

DOUGLAS N MACBEANSR MANAGING DIR INVESTMENTS

DAVID A TIRRELLPROVOST

DEXTER A BAILEYVP ADV & ALUMNI RELATIONS

ROBERT P KIRSHNERASTRONOMY PROF & EXEC DIR, TIO

JENNIFER T LUMGENERAL COUNSEL

KIRK KAWASAWASR MNG DIR INVESTMENT OPS

CATHY A LIGHTSECRETARY, BOARD OF TRUSTEES

LARRY D JAMESDEPUTY DIRECTOR, JPL

FREDERIC FARINACHIEF INNOV & CORP PARTN

DIANA JERGOVICVP STRATEGY IMPLEMENTATION

SHARON E PATTERSONCFO & TREASURER AS OF 10/23

SAMMY A KAYALICFO & DIR FOR LAB OPS INTEGRA

KEVIN M GILMARTINVP STUDENT AFFAIRS

MATTHEW W BREWERCONTROLLER

JOSEPH E SHEPHERDFORMER VP STUDENT AFFAIRS

MICHAEL M WATKINSFORMER VP & DIRECTOR, JPL

CAROL J SCHUILFORMER EA TO PRES/ASST SEC

MARGARET A STEURBAUTINT VP ADMIN & CFO UNTIL 11/23

DEBORAH K RODDAYSR DIR/ASST SEC

ARTURO AGUAYOASSISTANT TREASURER

CHARLES E LANEVP & COO AS OF 10/23

RICHARD H SCHELLERTRUSTEE

REBECKA BELLDEGRUNSENIOR TRUSTEE

MILTON M CHANGSENIOR TRUSTEE

PRINEHA NARANGYOUNG ALUM. TRUSTEE

PETER D KAUFMANTRUSTEE

PETER NORTONSENIOR TRUSTEE

PEGGY T CHERNGSENIOR TRUSTEE

PEDRO J PIZARROTRUSTEE

WILLIAM T GROSSTRUSTEE

RICHARD N MERKINSENIOR TRUSTEE

RICHMOND A WOLFTRUSTEE

ROBERT B CHESSTRUSTEE UNTIL 10/23

ROBERT C BONNERSENIOR TRUSTEE

ROBERT T JENKINSSENIOR TRUSTEE

RONALD L OLSONSENIOR TRUSTEE

SEAN BAILEYTRUSTEE

SHIRLEY M MALCOMSENIOR TRUSTEE

STEPHEN R ONDERDONKSENIOR TRUSTEE

STEWART A RESNICKSENIOR TRUSTEE

SUBRA SURESHTRUSTEE AS OF 05/24

TAYLOR W LAWRENCETRUSTEE

TIMOTHY J SLOANTRUSTEE

WALTER G KORTSCHAKTRUSTEE

WILLIAM H DAVIDOWSENIOR TRUSTEE

A MICHAEL LIPPERSENIOR TRUSTEE

FRANCE A CORDOVASENIOR TRUSTEE

ALEXANDER R MEHRAN SRSENIOR TRUSTEE UNTIL 10/23

AMY SCHULMANTRUSTEE

BARBARA M BARRETTTRUSTEE, VICE CHAIR

BOBBY R INMANSENIOR TRUSTEE UNTIL 10/23

BRIGITTE M BRENTRUSTEE

CHARLES R TRIMBLESENIOR TRUSTEE

DAVID D HOTRUSTEE

DAVID E I PYOTTTRUSTEE

DAVID L LEESENIOR TRUSTEE

DAVID T DREIERTRUSTEE

DAVID W THOMPSONTRUSTEE, CHAIR

DEBORAH D MCWHINNEYTRUSTEE

EDUARDO A REPETTOTRUSTEE

FARIBORZ MASEEHTRUSTEE

MICHELLE J MATHEWS-SPRADLINTRUSTEE

FREDERICK J HAMEETMANSENIOR TRUSTEE

G BRADFORD JONESTRUSTEE

JON B KUTLERTRUSTEE

JOSHUA S FRIEDMANTRUSTEE

KENNETH G MOORETRUSTEE

KENT KRESASENIOR TRUSTEE

KNEELAND YOUNGBLOODTRUSTEE

LI LUTRUSTEE

LOUISE KIRKBRIDETRUSTEE

LYNN A BOOTHSENIOR TRUSTEE

MARIA D HUMMER-TUTTLESENIOR TRUSTEE

MASON SMITHTRUSTEE

MASSI JOSEPH KIANITRUSTEE

About this charity

Recognized since: January 1937
Location: 1200 EAST CALIFORNIA BLVD 234-6, PASADENA, CA 91125-0001
County: Los Angeles
In care of: % MATTHEW W BREWER
Primary officer: MATTHEW W BREWER, CONTROLLER

How to reach them

WebsiteVisit the charity’s website Phone(626) 395-6811 Officer phone(626) 395-6744

Filing and classification

Latest tax year: 2023
Tax period began: October 1, 2023
Return type: 990
Tax preparer: PWC US TAX LLP
NTEE classification: Education (B430)
Grant-giving organization: Yes