Keck Graduate Institute
- Assets
- $121.9m
- Revenue
- $41.9m
- Investments
- $0.0
- Employees
- 394
- Location
- Claremont, CA
- Founding
- 09/1997
- Data as of
- 06/2022
- EIN
- 95-4625327
Organization Overview
Keck Graduate Institute is located in Claremont, CA. The organization was established in 1997. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 06/2022, Keck Graduate Institute employed 394 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Keck Graduate Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Keck Graduate Institute generated $41.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $42.2m during the year ending 06/2022. While expenses have increased by 5.7% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ENRICH SOCIETY WITH BREAKTHROUGH APPROACHES TO EDUCATION AND TRANSLATIONAL RESEARCH IN LIFE SCIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INSTITUTION'S PRIMARY PURPOSE IS TO OFFER INNOVATIVE POSTGRADUATE DEGREES AND CERTIFICATES THAT INTEGRATE LIFE AND HEALTH SCIENCES, BUSINESS, PHARMACY, AND GENETICS, WITH A FOCUS ON INDUSTRY PROJECTS, HANDS-ON INDUSTRY EXPERIENCES, AND TEAM COLLABORATION. THROUGH ITS TWO SCHOOLS, THE HENRY E. RIGGS SCHOOL OF APPLIED LIFE SCIENCES (RIGGS SCHOOL) AND THE SCHOOL OF PHARMACY AND HEALTH SCIENCES (SPHS), KGI EMPLOYS AN ENTREPRENEURIAL APPROACH AND INDUSTRY CONNECTIONS THAT PROVIDE PATHWAYS FOR STUDENTS TO BECOME LEADERS IN BIOSCIENCE AND HEALTHCARE. DEGREES INCLUDE: MASTER OF BUSINESS AND SCIENCE (MBS); MASTER OF ENGINEERING (MENG) IN BIOPHARMACEUTICAL PROCESSING; MASTER OF SCIENCE (MS) IN APPLIED LIFE SCIENCES; MASTER OF SCIENCE IN MEDICAL DEVICE ENGINEERING (MSMDE); PHD IN APPLIED LIFE SCIENCES; POSTBACCALAUREATE PREMEDICAL CERTIFICATE (PPC); POSTBACCALAUREATE PRE-PA CERTIFICATE; POSTDOCTORAL PROFESSIONAL MASTERS (PPM); CERTIFICATE IN BIOSCIENCE MANAGEMENT (CBM); DOCTOR OF PHARMACY (PHARMD); MASTER OF SCIENCE IN HUMAN GENETICS AND GENETIC COUNSELING (MSGC); MASTER OF SCIENCE IN HUMAN GENETICS AND GENOMIC DATA ANALYTICS (MSGDA). KGI ALSO OFFERS A MASTER OF SCIENCE IN TRANSLATIONAL MEDICINE IN PARTNERSHIP WITH THE IRELL AND MANELLA GRADUATE SCHOOL OF BIOLOGICAL SCIENCES AT CITY OF HOPE. THE OCCUPATIONAL THERAPY DOCTORATE AND MASTER OF SCIENCE IN PHYSICIAN ASSISTANT STUDIES PROGRAMS BEGAN IN FALL 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheldon Schuster President | OfficerTrustee | 40 | $622,407 |
Kelleen S Esperias VP & Coo, Treasurer | Officer | 40 | $334,874 |
Martin Zdanowicz Dean, School Of Applied Life Sciences & Kgi School | Officer | 40 | $261,869 |
Michael Jones Former VP Of Finance (thru 6/21) | Officer | 40 | $244,311 |
Steven Casper Professor Of Management | 40 | $235,891 | |
John Krstenansky Prof. Of Biopharmaceutical Sciences | 40 | $223,506 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Athena Engineering Inc Engineeering | 6/29/22 | $503,667 |
Kipjoe Inc Construction | 6/29/22 | $2,258,385 |
Active Learning Sciences Inc Consulting Services | 6/29/22 | $502,500 |
Ireland Sound Systems Audio/visual Technical Services | 6/29/22 | $346,724 |
Squire Patton Boggs (Us) Llp Legal Services | 6/29/22 | $458,586 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,462,645 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,183,018 |
| Noncash contributions included in lines 1a–1f | $1,084,791 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,645,663 |
| Total Program Service Revenue | $29,818,227 |
| Investment income | $650,679 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $735,214 |
| Net Gain/Loss on Asset Sales | $1,040,238 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $41,890,021 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,426,279 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,772,528 |
| Compensation of current officers, directors, key employees. | $1,281,620 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,656,245 |
| Pension plan accruals and contributions | $1,374,341 |
| Other employee benefits | $1,521,450 |
| Payroll taxes | $1,203,681 |
| Fees for services: Management | $28,115 |
| Fees for services: Legal | $3,361,167 |
| Fees for services: Accounting | $182,081 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,953,061 |
| Advertising and promotion | $325,273 |
| Office expenses | $1,170,201 |
| Information technology | $1,111,762 |
| Royalties | $0 |
| Occupancy | $1,469,031 |
| Travel | $392,096 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $481,575 |
| Interest | $446,830 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $830,608 |
| Insurance | $223,223 |
| All other expenses | $93,146 |
| Total functional expenses | $42,170,811 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,286,316 |
| Savings and temporary cash investments | $4,236,887 |
| Pledges and grants receivable | $7,605,333 |
| Accounts receivable, net | $1,087,845 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $436,893 |
| Net Land, buildings, and equipment | $56,526,773 |
| Investments—publicly traded securities | $44,676,472 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $121,856,519 |
| Accounts payable and accrued expenses | $4,394,785 |
| Grants payable | $0 |
| Deferred revenue | $3,949,508 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $38,189,813 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $46,534,106 |
| Net assets without donor restrictions | $34,350,596 |
| Net assets with donor restrictions | $40,971,817 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $121,856,519 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Keck Graduate Institute has recieved totaling $574,285.
| Awarding Organization | Amount |
|---|---|
Mckesson Foundation Dallas, TX PURPOSE: CHARITABLE | $450,000 |
Ardmore Insitiute Of Health Ardmore, OK PURPOSE: FINANCIAL SUPPORT | $75,735 |
Joseph H Stahlberg Foundation Las Vegas, NV PURPOSE: GENERAL SUPPORT | $15,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $15,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $10,500 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $6,500 |
Endowment Analysis
| Beg. Balance | $73,835,559 |
| Earnings | -$5,342,587 |
| Admin Expense | $88,496 |
| Net Contributions | $989,831 |
| Other Expense | $2,038,130 |
| Grants | $408,075 |
| Ending Balance | $66,948,102 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Samuel Merritt University Oakland, CA | $325,100,331 | $118,517,115 |
Dominican University Of California San Rafael, CA | $120,936,382 | $85,037,820 |
Kaiser Permanente Bernard J Tyson School Of Medicine Inc Oakland, CA | $109,560,789 | $87,175,278 |
Fuller Theological Seminary Pasadena, CA | $257,080,633 | $48,939,173 |
California Western School Of Law San Diego, CA | $69,688,098 | $48,863,777 |
Keck Graduate Institute Claremont, CA | $121,856,519 | $41,890,021 |
Marshall B Ketchum University Fullerton, CA | $105,970,455 | $47,583,305 |
Thunderbird School Of Global Management Phoenix, AZ | $4,648,363 | $22,980,212 |
Southern California University Of Health Sciences Whittier, CA | $39,889,743 | $44,008,074 |
Palo Alto University Inc Palo Alto, CA | $37,743,432 | $38,449,514 |
Uc Berkeley Center For Executive Education Berkeley, CA | $14,411,646 | $24,161,289 |
Life Chiropractic College West Hayward, CA | $30,632,289 | $21,817,689 |