Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2022
Open to Public Inspection
For calendar year 2022, or tax year beginning 01-01-2022 , and ending 12-31-2022
Name of foundation
TERASAKI INST FOR BIOMEDICAL INNOVATION
 
Number and street (or P.O. box number if mail is not delivered to street address)1018 WESTWOOD BLVD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LOS ANGELES, CA90024
A Employer identification number

95-4249502
B Telephone number (see instructions)

(310) 479-6101
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$66,494,517J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 5,237,421
2 Check right arrow.............
3 Interest on savings and temporary cash investments 107,492 107,492 107,492
4 Dividends and interest from securities... 1,334,404 1,334,404 1,334,404
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 394,020
b Gross sales price for all assets on line 6a 17,142,336
7 Capital gain net income (from Part IV, line 2)... 394,020
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 180
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule)..... Click to see attachment
List of Attached Documents:
// Content
180 180
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
7,908    
12 Total. Add lines 1 through 11........ 7,081,425 1,835,916 1,442,076
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 1,621,965     306,000
14 Other employee salaries and wages...... 3,659,603     2,506,945
15 Pension plans, employee benefits....... 89,342     29,557
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
172,815     41,870
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
235,166      
c Other professional fees (attach schedule)....        
17 Interest............... 259,428      
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
390,394 46,169 46,169 167,646
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
217,652    
20 Occupancy.............. 464,332     234,695
21 Travel, conferences, and meetings....... 95,504     27,456
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments
List of Attached Documents:
// Content
3,750,534 332,905 332,905 2,194,324
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 10,956,735 379,074 379,074 5,508,493
25 Contributions, gifts, grants paid....... 660,873 660,873
26 Total expenses and disbursements. Add lines 24 and 25 11,617,608 379,074 379,074 6,169,366
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -4,536,183
b Net investment income (if negative, enter -0-) 1,456,842
c Adjusted net income (if negative, enter -0-)... 1,063,002
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2022)
Form 990-PF (2022)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 1,850,510 1,448,533 1,448,534
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow439
Less: allowance for doubtful accounts right arrow   1,764 439  
8 Inventories for sale or use.............. 6,364 6,364  
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 2,330,267 Click to see attachment
List of Attached Documents:
// Content
2,196,982 		2,037,205
b Investments—corporate stock (attach schedule)....... 29,657,971 Click to see attachment
List of Attached Documents:
// Content
27,651,416 		31,704,631
c Investments—corporate bonds (attach schedule)....... 1,380,465 Click to see attachment
List of Attached Documents:
// Content
1,320,262 		1,140,747
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 17,077,234 Click to see attachment
List of Attached Documents:
// Content
15,488,156 		14,163,924
14 Land, buildings, and equipment: basis right arrow2,224,328
Less: accumulated depreciation (attach schedule) right arrow1,455,851 836,280 Click to see attachment
List of Attached Documents:
// Content
768,477 		 
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
2,706,907 		Click to see attachment
List of Attached Documents:
// Content
15,999,476 		Click to see attachment
List of Attached Documents:
// Content
15,999,476
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 55,847,762 64,880,105 66,494,517
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 2,980,672 Click to see attachment
List of Attached Documents:
// Content
16,556,973
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
32,118 		Click to see attachment
List of Attached Documents:
// Content
88,717
23 Total liabilities (add lines 17 through 22)......... 3,012,790 16,645,690
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 52,834,972 48,234,415
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 52,834,972 48,234,415
30 Total liabilities and net assets/fund balances (see instructions). 55,847,762 64,880,105
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
52,834,972
2
Enter amount from Part I, line 27a .....................
2
-4,536,183
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
48,298,789
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
64,374
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
48,234,415
Form 990-PF (2022)
Form 990-PF (2022)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a ML 02506 - SEE ATTACHED P 2021-06-14 2022-01-06
b ML 02506 - SEE ATTACHED P 2015-09-03 2022-12-23
c ML 02506 SUPPLEMENTAL P 2021-12-20 2022-12-05
d ML 02506 SUPPLEMENTAL P 2020-08-14 2022-01-05
e ML 02506 SUPPLEMENTAL P 2017-02-10 2022-12-23
WF 0406 SEE ATTACHED P 2021-12-29 2022-12-14
WF 0406 SEE ATTACHED P 2020-12-14 2022-12-14
WF 7138 SEE ATTACHED P 2022-01-31 2022-08-19
COMMERCE BANCSHARES INC - CASH IN LIEU P 2022-12-19 2022-12-19
WF 7138 SEE ATTACHED P 2020-12-03 2022-08-19
ML 02506 - SEE ATTACHED P 2020-08-28 2022-02-09
ML 02506 - SEE ATTACHED P 2022-06-28 2022-12-20
FRAMED ARTWORK P 2000-06-28 2022-11-01
OFFICE FURNITURE P 2000-05-12 2022-11-01
DESKS P 2000-06-24 2022-11-01
DESK P 2000-07-05 2022-11-01
FREEZERS P 2000-05-18 2022-11-01
UPRIGHT SCOPE TS100 P 2000-06-06 2022-11-01
LAMBDA SCAN PLUS P 2000-06-06 2022-11-01
HIGH FREQUENCY GENERATOR P 2000-06-09 2022-11-01
6 FT PURIF CABINET & STAN P 2000-06-14 2022-11-01
THERMAL CONDUCTOR P 2000-06-14 2022-11-01
THERMAL CONDUCTOR P 2000-06-14 2022-11-01
BALANCE B0120S P 2000-06-14 2022-11-01
BATH P 2000-06-14 2022-11-01
LAMBDA JET III MT P 2000-06-16 2022-11-01
VORTEXER, MINI P 2000-06-16 2022-11-01
UPRIGHT FREEZER P 2000-06-23 2022-11-01
PURIF CABINET P 2000-06-23 2022-11-01
BASE STAND P 2000-06-23 2022-11-01
REPEATING SYRINGE P 2000-06-24 2022-11-01
CER-TP HPS P 2000-06-27 2022-11-01
BURNER, TOUCH O MATIC P 2000-07-10 2022-11-01
GEL PHOTO SYSTEM P 2000-07-10 2022-11-01
HEATBLOCK, ANALOG P 2000-07-10 2022-11-01
GENAMP PCR SYS 9700 P 2000-07-10 2022-11-01
XC 47/11-6 LN2 STORAGE P 2000-07-10 2022-11-01
INCUBATOR P 2000-07-10 2022-11-01
MAXI MIX, BLOCK MODULE P 2000-07-10 2022-11-01
MICRO GEL SYSTEM P 2000-07-10 2022-11-01
TRANSFER DEVICE P 2000-07-10 2022-11-01
MODEL 60 CENTRIFUGE P 2000-07-11 2022-11-01
LAMBDA SCAN PLUS II FLUOR P 2000-07-17 2022-11-01
PHASE CONTRAST MICROSCOPE P 2000-07-18 2022-11-01
EDP-PLUS PIPET 250UL P 2000-07-19 2022-11-01
PD 26 HIGH/LOW DUAL P 2000-08-30 2022-11-01
CFI ACHRO P 2000-09-01 2022-11-01
LAMBDA SCAN & MICROSCOPE P 2000-09-07 2022-11-01
SEALER P 2000-11-29 2022-11-01
REFRIGERATOR P 2000-12-12 2022-11-01
VACUUM CLEANER P 2000-05-03 2022-11-01
HP PRINTER, SCANNER P 2000-06-16 2022-11-01
TABLES P 2000-06-27 2022-11-01
COAT HANGER P 2001-04-11 2022-11-01
DESK CHAIRS P 2001-04-11 2022-11-01
TABLES P 2001-10-25 2022-11-01
TABLES P 2001-10-25 2022-11-01
CHAIRS P 2001-10-25 2022-11-01
LAB EQUIPMENT P 2001-01-31 2022-11-01
LAB EQUIPMENT P 2001-02-26 2022-11-01
LAB EQUIPMENT P 2001-03-08 2022-11-01
EPP LENT MINISPIN PLUS P 2001-03-28 2022-11-01
BIOPHOTOMETER P 2001-03-29 2022-11-01
RESEARCH PRO 50-1000 UL P 2001-03-31 2022-11-01
LAB EQUIPMENT P 2001-04-03 2022-11-01
FRIGIDAIRE CROWN FREEZER P 2001-04-05 2022-11-01
MINI VORTEXER P 2001-04-05 2022-11-01
EDP PLUS ELECTRONIC PIPET P 2001-06-12 2022-11-01
96 WELL PCR SYSTEM P 2001-06-13 2022-11-01
RFG BENCH CENTRIFUGE P 2001-07-10 2022-11-01
XLC 810HE STORAGE CONTAIN P 2001-07-11 2022-11-01
LAB EQUIPMENT P 2001-10-23 2022-11-01
LAB EQUIPMENT P 2002-12-09 2022-11-01
ALERT SYSTEM P 2002-11-21 2022-11-01
CYTOMATE CELL PROCESSING P 2003-03-19 2022-11-01
FRAMED ARTWORK P 2004-02-06 2022-11-01
CHAIR P 2004-12-21 2022-11-01
NETWORK PERIPHERAL P 2004-11-12 2022-11-01
LCD 21" MONITOR P 2004-11-24 2022-11-01
LUMINATOR P 2005-06-06 2022-11-01
FRIGIDAIRE UPRIGHT (2) P 2005-08-01 2022-11-01
FAX MACHINE P 2005-07-25 2022-11-01
FRIGIDAIRE 16.7 P 2006-11-21 2022-11-01
COMPUTER MONITORS P 2006-02-27 2022-11-01
COMPUTER MONITORS P 2006-02-27 2022-11-01
VACUUM PUMP P 2006-05-12 2022-11-01
PANASONIC KX-TDA100 (2) P 2006-06-17 2022-11-01
COMPUTER MONITORS P 2006-10-09 2022-11-01
CHAIRS(COLBY BLDG) P 2007-01-05 2022-11-01
EQUIPMENT P 2007-05-24 2022-11-01
EQUIPMENT P 2007-07-02 2022-11-01
COPY MACHINE P 2007-08-20 2022-11-01
FILING CABINET W/ LOCK P 2008-01-10 2022-11-01
OFFICE FURNITURE P 2008-12-01 2022-11-01
FREEZER P 2008-03-04 2022-11-01
MONITOR LCD 22" P 2008-04-28 2022-11-01
MONITOR LCD 22" P 2008-04-28 2022-11-01
MONITOR LCD 22" P 2008-04-28 2022-11-01
MONITOR LCD 22" P 2008-04-28 2022-11-01
MONITOR LCD 22" P 2008-04-28 2022-11-01
MONITOR LCD 22" P 2008-04-28 2022-11-01
MONITOR P 2008-05-06 2022-11-01
MONITOR P 2008-05-06 2022-11-01
COMPUTER P 2008-05-19 2022-11-01
COMPUTER P 2008-06-01 2022-11-01
COMPUTER P 2008-06-23 2022-11-01
COMPUTER P 2008-11-03 2022-11-01
HP PRINTER P 2009-01-09 2022-11-01
GATEWAY COMPUTER P 2009-08-21 2022-11-01
NETBOOK P 2009-10-02 2022-11-01
LONG SOFA P 2009-05-25 2022-11-01
BLACK MELODY CHAIRS (16) P 2009-08-31 2022-11-01
FREEZER P 2009-08-04 2022-11-01
COMPUTER P 2009-04-13 2022-11-01
HP COMPUTER P 2009-04-22 2022-11-01
REFRIGERATOR P 2009-08-04 2022-11-01
TV SAMSUNG 50" P 2009-08-13 2022-11-01
QUAD COMPUTER P 2009-08-20 2022-11-01
VIDEO CAMERA P 2009-09-24 2022-11-01
GATEWAY COMPUTER (2) P 2009-11-20 2022-11-01
LAB EQUIPMENT P 2010-05-03 2022-11-01
COMPUTER P 2010-09-10 2022-11-01
TELEVISION P 2010-10-18 2022-11-01
FURNITURE P 2010-09-23 2022-11-01
COMPUTER P 2011-01-21 2022-11-01
FILE CABINET P 2011-02-09 2022-11-01
HP PROLIANT ML 110 COMPUT P 2011-02-14 2022-11-01
COMPUTER P 2011-08-08 2022-11-01
COMPUTER P 2011-09-19 2022-11-01
CABINETS P 2012-08-10 2022-11-01
IPAD P 2012-04-23 2022-11-01
COMPUTER P 2012-07-12 2022-11-01
OCZ VERITEX COMPUTER P 2012-09-05 2022-11-01
ASUS ZENBOOK COMPUTER P 2012-09-05 2022-11-01
ASUS DESKTOP PC P 2012-09-10 2022-11-01
ASUS ZENBOOK COMPUTER P 2012-09-10 2022-11-01
ACER DESKTOP P 2012-09-10 2022-11-01
3 FUJITSU P 2012-11-02 2022-11-01
DISHWASHER P 2012-11-19 2022-11-01
BD BIOSCIENCES ACCURI C6 P 2013-01-11 2022-11-01
DELL COMPUTER P 2013-06-19 2022-11-01
DELL COMPUTER P 2013-07-05 2022-11-01
DELL COMPUTER P 2013-07-05 2022-11-01
DELL COMPUTER P 2013-12-12 2022-11-01
DELL COMPUTER P 2013-12-16 2022-11-01
ICE FLAKER P 2016-03-14 2022-11-01
COMPUTER EQPT-WW P 2017-09-22 2022-11-01
LAPTOP (4) P 2018-01-22 2022-11-01
LAPTOP P 2018-02-02 2022-11-01
DELL LAPTOP P 2018-07-25 2022-11-01
SURFACE PRO P 2018-10-08 2022-11-01
DELL LAPTOP P 2018-11-16 2022-11-01
LASER PRINTER (2) P 2019-01-08 2022-11-01
DELL DESKTOP P 2019-04-29 2022-11-01
SSDH MEMORY P 2019-04-29 2022-11-01
LAPTOP P 2019-07-23 2022-11-01
SSDH MEMORY P 2019-08-09 2022-11-01
APPLE MACBOOK P 2019-09-27 2022-11-01
LAPTOP P 2019-11-26 2022-11-01
SECURITY EQUIPMENT P 2020-09-01 2022-11-01
Capital Gain Dividends      
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 900,664   1,061,942 -161,278
b 9,227,524   7,737,660 1,489,864
c 69,321   69,322 -1
d 523   569 -46
e 163,893   109,992 53,901
119,634   150,000 -30,366
4,406,355   5,496,906 -1,090,551
550,772   612,981 -62,209
42     42
1,302,032   1,126,850 175,182
228,860   266,035 -37,175
98,606   104,802 -6,196
    2,800 -2,800
  25,000 25,000  
  411 411  
  100 100  
  988 988  
  4,457 4,457  
  7,469 7,469  
  297 297  
  8,602 8,602  
  3,115 3,115  
  3,115 3,115  
  1,249 1,249  
  524 524  
  18,295 18,295  
  225 225  
  6,564 6,564  
  7,044 7,044  
  559 559  
  1,104 1,104  
  294 294  
  246 246  
  8,138 8,138  
  246 246  
  8,655 8,655  
  1,424 1,424  
  284 284  
  1,644 1,644  
  841 841  
  1,549 1,549  
  1,593 1,593  
  19,484 19,484  
  2,539 2,539  
  549 549  
  2,063 2,063  
  351 351  
  2,500 2,500  
  2,787 2,787  
  578 578  
  260 260  
  1,030 1,030  
  93 93  
  77 77  
  189 189  
  1,230 1,230  
  2,776 2,776  
  2,142 2,142  
  132 132  
  1,249 1,249  
  1,263 1,263  
  1,333 1,333  
  3,898 3,898  
  469 469  
  561 561  
  539 539  
  254 254  
  465 465  
  7,830 7,830  
  6,258 6,258  
  15,716 15,716  
  1,599 1,599  
  227 227  
  715 715  
  30,039 30,039  
    3,000 -3,000
  405 405  
  649 649  
  1,080 1,080  
  13,010 13,010  
  1,279 1,279  
  278 278  
  568 568  
  789 789  
  557 557  
  1,180 1,180  
  1,108 1,108  
  1,014 1,014  
  406 406  
  2,057 2,057  
  325 325  
  487 487  
  368 368  
  3,200 3,200  
  619 619  
  248 248  
  248 248  
  248 248  
  248 248  
  248 248  
  248 248  
  248 248  
  248 248  
  692 692  
  692 692  
  692 692  
  1,594 1,594  
  370 370  
  594 594  
  352 352  
  2,841 2,841  
  13,328 13,328  
  591 591  
  1,573 1,573  
  1,534 1,534  
  610 610  
  1,083 1,083  
  2,171 2,171  
  2,043 2,043  
  1,120 1,120  
  20,112 20,112  
  2,415 2,415  
  2,325 2,325  
  1,462 1,462  
  624 624  
  294 294  
  560 560  
  619 619  
  1,000 1,000  
  4,731 4,731  
  841 841  
  837 837  
  1,033 1,033  
  1,529 1,529  
  979 979  
  1,529 1,529  
  1,794 1,794  
  1,824 1,824  
  631 631  
  70,632 70,632  
  1,106 1,106  
  553 553  
  553 553  
  1,001 1,001  
  3,038 3,038  
  5,045 5,045  
  9,635 9,920 -285
  2,690 3,040 -350
  672 759 -87
  779 881 -102
  868 980 -112
  714 807 -93
  943 1,226 -283
  801 1,040 -239
  462 600 -138
  2,538 3,298 -760
  414 539 -125
  994 1,291 -297
  1,094 1,422 -328
  2,046 4,304 -2,258
      74,110
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -161,278
b       1,489,864
c       -1
d       -46
e       53,901
      -30,366
      -1,090,551
      -62,209
      42
      175,182
      -37,175
      -6,196
      -2,800
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
      -3,000
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
      -285
      -350
      -87
      -102
      -112
      -93
      -283
      -239
      -138
      -760
      -125
      -297
      -328
      -2,258
       
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 394,020
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3 -260,008
Form 990-PF (2022)
Form 990-PF (2022)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 20,250
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 20,250
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 20,250
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 20,597
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 20,597
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. Click to see attachment
List of Attached Documents:
// Content
8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 347
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow347 Refundedright arrow 11  
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
 
No
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowCA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2022 or the taxable year beginning in 2022? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
Yes
 
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
Form 990-PF (2022)
Form 990-PF (2022)
Page 5
Part VI-A
Statements Regarding Activities (continued)
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowTERASAKI.ORG
14
The books are in care ofright arrowLAWRENCE BROGAN Telephone no.right arrow (310) 479-6101

Located atright arrow1018 WESTWOOD BLVDLOS ANGELESCA ZIP+4right arrow90024
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2022, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2022? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2022, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2022?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2022 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2022.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2022? ..
4b
 
No
Form 990-PF (2022)
Form 990-PF (2022)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
KEITH K TERASAKI Chairman
1.00 		0    
11829 NORFIELD COURT
LOS ANGELES,CA90077
PAUL K TERASAKI Secretary
1.00 		0    
10462 ILONA AVE
LOS ANGELES,CA90064
LAWRENCE BROGAN CFO
40.00 		238,584 43,289  
326 SAN ANTONIO RD
ARCADIA,CA91007
ALIREZA KHADEMHOSSEINI CEO
40.00 		612,000 12,014  
11326 ISTELA ST
LOS ANGELES,CA90049
MAURIZIO VECCHIONE INNOVATIONS
40.00 		265,094 41,997  
645 OCAMPO DRIVE
PACIFIC PALISADES,CA90272
CECILIA TERASAKI Director
0.00 		0    
11829 NORFIELD COURT
LOS ANGELES,CA90077
NAOKO TERASAKI Director
0.00 		0    
918 WAILUPE PLACE
HONOLULU,HI96821
RENE CASTRO DIRECTOR OF OP
40.00 		169,660 14,171  
1616 OAK ST
LOS ANGELES,CA90015
STEWART HAN DEVELOPMENT
40.00 		169,960 7,226  
20287 VIA MEDICI
PORTER RANCH,CA91326
STEVEN HARDY RETIRED CFO
0.00 		166,667    
5721 S CRESCENT PARK 407
PLAYA VISTA,CA90094
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
HANJUN KIM ASSOC PROFESSOR
40.00 		142,084 16,178  
35 SYCAMORE LN
ROLLING HILLS EST,CA90274
VADIM JACAD ASSOC PROFESSOR
40.00 		102,933 18,621  
3729 CARDIFF AVE 5
LOS ANGELES,CA90034
MEHMET DOKMRCI ASSOC PROFESSOR
40.00 		127,245 18,675  
1400 KELTON AVE APT 209
LOS ANGELES,CA90024
TONY HUYNH FACILITIES MGR
40.00 		102,458 28,570  
7505 VARIEL AVE
CANOGA PARK,CA91303
ANH NGUYEN DIR OF LAB OPS
40.00 		101,774 9,109  
1705 S CAMPBELL AVE
ALHAMBRA,CA91803
Total number of other employees paid over $50,000...................right arrow 32
Form 990-PF (2022)
Form 990-PF (2022)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
MEGAN BETTILYON CONSULTING 140,000
3002 134TH AVE NE
BELLEVUE    
OC
ENOCH KIM CONSULTING 65,000
10133 S 360 E
SANDY,UT84070
RAMADAN ASSI CONSULTING 110,000
MAVI AKDENIZ CADDESI 36/25/5
BEYLIKDUZU ISTANBUL,MARMARA MAH34524
TU
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 TERASAKI INSTITUTE FOR BIOMEDICAL INNOVATION(TIBI) HAD SEVERAL SENIOR SCIENTISTS CONDUCTING INDEPENDENT REASEARCH IN SEVEN MAJOR LABORATORIES.SEE ATTACHED STATEMENT FOR DETAILS. IN ADDITION TO THESE MAJOR RESEARCH PROJECTS, INDEPENDENT RESEARCH IS CONDUCTED IN THE FIELD OF PERSONALIZED MEDICINE, SPECIFICALLY PERSONALIZED PHYSIOLOGICAL MODELS, PERSONALIZED IMPLANTS, PERSONALIZED DEVICES, PERSONALIZED CELLS AND PERSONALIZED BIOMATERIALS. 0
2 DURING 2022,TIBI WAS AWARDED NUMEROUS GRANTS TO CONDUCT VARIOUS RESEARCH PROJECTS. SEE ATTACHED DETAIL LISTING. 5,508,493
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2022)
Form 990-PF (2022)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
52,565,783
b
Average of monthly cash balances.......................
1b
2,136,814
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
54,702,597
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
54,702,597
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
820,539
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
53,882,058
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,694,103
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
 
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
 
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
 
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
 
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
 
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
 
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
6,169,366
b
Program-related investments—total from Part VIII-B..................
1b
 
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
6,169,366
Form 990-PF (2022)
Form 990-PF (2022)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2021 		(c)
2021 		(d)
2022
1 Distributable amount for 2022 from Part X, line 7  
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only.......  
b Total for prior years:20, 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2017......  
b From 2018......  
c From 2019......  
d From 2020......  
e From 2021......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$  
a Applied to 2021, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2022 distributable amount.....  
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2022.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2021. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2022. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2023 .......... 		 
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2017 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2018....  
b Excess from 2019....  
c Excess from 2020....  
d Excess from 2021....  
e Excess from 2022....  
Form 990-PF (2022)
Form 990-PF (2022)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2022, enter the date of the ruling ...... right arrow
1990-03-27
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2022 (b) 2021 (c) 2020 (d) 2019
1,063,002 1,289,092 927,118 2,742,112 6,021,324
b 85% (0.85) of line 2a ......... 903,552 1,095,728 788,050 2,330,795 5,118,125
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		6,169,366 5,045,209 6,405,181 9,792,080 27,411,836
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		6,169,366 5,045,209 6,405,181 9,792,080 27,411,836
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		1,796,069 2,132,247 1,911,498 2,175,919 8,015,733
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2022)
Form 990-PF (2022)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year
UCLA FOUNDATION


10920 WILSHIRE BLVD STE 1400
LOS ANGELES,CA90024 		NONE PC RESEARCH GRANT- PAUL WEISS LABORATORY 65,663
REGENTS OF UNIVERSITY OF CA LOS ANG


405 HILGARD AVENUE
LOS ANGELES,CA90095 		NONE PC RESEARCH GRANT AWARD - MICROBIOTA AND ALLOGRAFT OUTCOMES: FROM MOUSE TO HUMAN INVESTIGATOR - JERZY KUPIEC-WEGLINKSI 107,100
UNIVERSITY OF TEXAS AT SAN ANTONIO


ONE UTSA CIRCLE
SAN ANTONIO,TX78249 		NONE PC GRANT SUB AWARD AMOUNTCARDIOTOXICITY ASSAYS ON AN INTEGRATED PLATFORM OF A HEART-ON-A-CHIP AND OPTICAL IMMUNOSENSOR 164,555
BRIGHAM WOMEN'S HOSPITAL


75 FRANCIS STREET
BOSTON,MA02115 		NONE PC GRANT SUB AWARD AMOUNT3D PRINTED MUSCLE-BONE ORGAN IMPLANT FOR TREATING LARGE INJURIES 173,788
BRIGHAM WOMEN'S HOSPITAL


75 FRANCIS STREET
BOSTON,MA02115 		NONE PC GRANT SUB AWARD AMOUNTFULLY AUTOMATED NON-INVASIVE MONITORING SYSTEM FOR VALIDATION OF BIOFABRICATED TISSUES 144,710
DUKE UNIVERSITY


2080 DUKE UNIVERSITY RD
DURHAM,NC27708 		NONE PC GRANT SUB AWARD AMOUNTDEVELOPINGA COMPREHENSIVE MODEL FOR PERIPHERAL NERVE STIMULATION OF GASTROINTESTINAL FUNCTION 5,057
Total .................................right arrow 3a 660,873
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2022)
Form 990-PF (2022)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
aCLINICAL TRIAL FEES         400
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		        107,492
4 Dividends and interest from securities ....         1,334,404
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....     14 7,508  
8 Gain or (loss) from sales of assets other than
inventory ............ 		        394,020
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory 459210 180      
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 180 7,508 1,836,316
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,844,004
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
1A CLINICAL TRIAL FEES TO STUDY IMMUNOGLOBULIN(PRIVIGEN) THERAPY TO TREAT BK VIREMIA AND PREVENT ALLOIMMUNE ACTIVATION IN KIDNEY TRANSPLANT RECIPIENTS
Form 990-PF (2022)
Form 990-PF (2022)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2022)
Additional Data


Software ID: 22015553
Software Version: 2022v5.0


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2022
Name of the organization
TERASAKI INST FOR BIOMEDICAL INNOVATION
 
Employer identification number

95-4249502
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2022)
Schedule B (Form 990) (2022) Page 2
Name of organization
TERASAKI INST FOR BIOMEDICAL INNOVATION
  		Employer identification number
95-4249502
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
KEITH TERASAKI
11829 NORFIELD COURT
 
LOS ANGELES, CA90077

$ 49,996


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2022)
Schedule B (Form 990) (2022)
Page 3
Name of organization
TERASAKI INST FOR BIOMEDICAL INNOVATION
  		Employer identification number

95-4249502
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 PUBLICLY TRADED SECURITIES-SEE ATTACHED SCCHEDULE $ 49,996 2022-12-28
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2022)
Schedule B (Form 990) (2022)
Page 4
Name of organization
TERASAKI INST FOR BIOMEDICAL INNOVATION
  		Employer identification number

95-4249502
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2022)
Additional Data


Software ID: 22015553
Software Version: 2022v5.0

TY 2022 AccountingFeesSchedule
Name:
TERASAKI INST FOR BIOMEDICAL INNOVATION
EIN:
95-4249502
Software ID:
22015553
Software Version:
2022v5.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
HORIE & CO - TAX & ACCTG 198,166 0 0 0
WINDES 37,000 0 0 0

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2022 AmortizationSchedule
Name:
TERASAKI INST FOR BIOMEDICAL INNOVATION
EIN:
95-4249502
Software ID:
22015553
Software Version:
2022v5.0
Description of Amortized Expenses Date Acquired, Completed, or Expended Amount Amortized Deduction for Prior Years Amortization Method Current Year Amortization Net Investment Income Adjusted Net Income Total Amount of Amortization
PATENT 2022-01-01 279,556   10.0000 27,956     27,956

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2022 DepreciationSchedule
Name:
TERASAKI INST FOR BIOMEDICAL INNOVATION
EIN:
95-4249502
Software ID:
22015553
Software Version:
2022v5.0
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
LEASEHOLD IMPROVEMENT 2000-07-14 8,950 4,914 SL 2.56 % 229      
REFRIGERATOR (2) 2015-07-29 1,960 1,873 200DB 4.46 % 87      
OUTDOOR SIGNAGE-WW 2017-12-05 9,378 7,285 200DB 8.92 % 837      
OFFICE FURNITURE-WW 2017-06-22 143,572 111,541 200DB 8.92 % 12,807      
LAB FURNITURE-WW 2017-06-21 114,329 88,823 200DB 8.92 % 10,198      
LAB EQPT - OLYMPIC 2017-06-29 166,508 156,919 200DB 5.76 % 9,589      
LAB EQPT - WESTWOOD 2017-11-20 33,364 31,443 200DB 5.76 % 1,921      
COMPUTER EQPT-WW 2017-09-22 9,920 9,349 200DB 5.76 % 286      
AUDIO/VISUAL EQPT-WW 2017-06-01 184,297 143,181 200DB 8.92 % 16,439      
TELEPHONE EQUIPMENT 2017-09-01 1,809 1,406 200DB 8.92 % 161      
FREEZER 2018-01-08 766 527 200DB 8.93 % 68      
WORK BENCH 2018-04-09 958 793 200DB 11.52 % 110      
MAGNETIC SEPARATOR 2018-08-13 1,004 831 200DB 11.52 % 116      
ACOUSTIC TILE 2018-08-01 4,188 976 SL 6.67 % 279      
LAPTOP (4) 2018-01-22 3,040 2,515 200DB 11.52 % 175      
LAPTOP 2018-02-02 759 628 200DB 11.52 % 44      
DELL LAPTOP 2018-07-25 881 728 200DB 11.52 % 51      
SURFACE PRO 2018-10-08 980 811 200DB 11.52 % 57      
MOBILE PROJECTOR 2018-10-11 690 570 200DB 11.52 % 79      
DELL LAPTOP 2018-11-16 807 667 200DB 11.52 % 47      
DESKS(3) 2018-06-01 1,102 758 200DB 8.93 % 98      
PEDESTAL CABINET(3) 2018-06-01 678 467 200DB 8.93 % 61      
CHAIRS(3) 2018-06-01 1,980 1,361 200DB 8.93 % 177      
CABINET DRAWER (3) 2018-08-13 1,194 821 200DB 8.93 % 107      
OFFICE DESK (5) 2018-08-14 625 429 200DB 8.93 % 56      
FREEZER 2019-01-14 766 431 200DB 12.49 % 96      
MASTERCYCLER NEXUS.PCR 2019-02-28 7,938 5,652 200DB 11.52 % 914      
MICROFUGE20 W/FA361.5 CENTRIFUGE 2019-03-05 2,355 1,677 200DB 11.52 % 271      
FREEZER 2019-03-06 876 493 200DB 12.49 % 109      
FREEZER 2019-03-27 657 370 200DB 12.49 % 82      
NMINI SHAKER 15 ADVAN 120V 2019-09-23 1,340 753 200DB 12.49 % 167      
ACOUSTIC TILE 2019-03-08 4,619 2,599 200DB 12.49 % 577      
RADIATOR WEATHERPROOFING 2019-03-13 5,634 3,170 200DB 12.49 % 704      
LASER PRINTER (2) 2019-01-08 1,226 872 200DB 11.52 % 71      
DELL DESKTOP 2019-04-29 1,040 741 200DB 11.52 % 60      
SSDH MEMORY 2019-04-29 600 427 200DB 11.52 % 35      
LAPTOP 2019-07-23 3,298 2,348 200DB 11.52 % 190      
COMPRESSOR 2019-07-31 7,359 5,240 200DB 11.52 % 848      
SSDH MEMORY 2019-08-09 539 383 200DB 11.52 % 31      
MONITOR 2019-08-22 1,093 779 200DB 11.52 % 126      
MONITOR 2019-08-23 608 434 200DB 11.52 % 70      
APPLE MACBOOK 2019-09-27 1,291 919 200DB 11.52 % 75      
LAPTOP 2019-11-26 1,422 1,012 200DB 11.52 % 82      
TABLE 2019-07-30 339 190 200DB 12.49 % 42      
TABLE 2019-07-30 344 193 200DB 12.49 % 43      
MICROVOLUME SPECTROPHOTOMETER 2020-03-17 10,300 5,356 200DB 19.20 % 1,978      
JW BENCH PLASMA CLEANING/ETCHING 2020-03-27 6,046 3,144 200DB 19.20 % 1,161      
PRE-WIRED FUME HOOD ASSEMBLY (3) 2020-04-14 37,697 19,602 200DB 19.20 % 7,238      
LASER ENGRAVING & CUTTING SYSTEM 2020-04-20 15,264 7,937 200DB 19.20 % 2,931      
LAB BENCH W/STACK DRAWERS (10) 2020-04-24 20,739 10,784 200DB 19.20 % 3,982      
MODULAR COMPACT RHEOMETER 2020-04-27 63,394 32,965 200DB 19.20 % 12,172      
RHEOMETER VACUUM PUMP 2020-05-14 8,770 4,560 200DB 19.20 % 1,684      
LAB BENCH W/STACK DRAWERS (20) 2020-06-16 33,607 17,475 200DB 19.20 % 6,453      
FREEZE DRY VACUUM PUMP/VACUUBRAND 2020-06-02 5,220 2,714 200DB 19.20 % 1,002      
DIGITAL VORTEX MIXER 2020-06-08 703 366 200DB 19.20 % 135      
BENCHTOP FREEZE DRYER 2020-06-26 9,004 4,682 200DB 19.20 % 1,729      
LINEAR ACTUATOR 2020-07-13 940 489 200DB 19.20 % 180      
MILLIPORESIGMA WATER PURIFICATION 2020-07-29 10,153 5,280 200DB 19.20 % 1,949      
KEY SOURCE MEASURE UNIT 2020-08-04 9,524 4,953 200DB 19.20 % 1,829      
BENCHTOP AUTOCLAVE 2020-08-07 15,900 8,268 200DB 19.20 % 3,053      
PLASMA ETCH VACUUM PUMP 2020-08-18 1,451 754 200DB 19.20 % 279      
SENSIT BT POTENTIOSTAT ANALYSER 2020-08-24 1,837 955 200DB 19.20 % 353      
ACCU CAL 50 LED RADIOMETER SPT 2020-09-02 2,401 1,248 200DB 19.20 % 461      
STATIC LOAD CELL (2)/SERRATED JAW 2020-09-10 5,742 2,985 200DB 19.20 % 1,102      
VACUUM PUMP/DRYING CHAMBER 2020-09-14 8,288 4,310 200DB 19.20 % 1,591      
LAB EQUIPMENT LASER 2020-09-21 6,130 3,188 200DB 19.20 % 1,177      
HOOD STD DUCTLESS 48" 2020-09-30 3,570 1,856 200DB 19.20 % 685      
LASER SCANNING CONFOCAL MICROSCOPE 2020-10-01 138,250 71,890 200DB 19.20 % 26,544      
TANK AUTOMATIC SANITIZATION 2020-10-07 1,708 889 200DB 19.20 % 328      
LIGHT DUTY SHAKER 2020-10-16 1,357 705 200DB 19.20 % 261      
ELECTROCHEMICAL WORKSTATION 2020-05-27 12,530 6,516 200DB 19.20 % 2,406      
DOUBLE SCISSOR LIFT TABLE 2020-03-16 739 287 200DB 17.49 % 129      
SECURITY EQUIPMENT 2020-05-31 5,520 2,141 200DB 17.49 % 965      
SECURITY EQUIPMENT 2020-07-01 700 271 200DB 17.49 % 122      
DR K APPLE COMPUTER 2020-07-09 3,945 2,051 200DB 19.20 % 757      
LAPTOP 2020-07-27 4,999 2,600 200DB 19.20 % 960      
SECURITY EQUIPMENT 2020-07-30 834 323 200DB 17.49 % 146      
APPLE 13.3" MACBOOK PRO 2020-08-28 1,314 683 200DB 19.20 % 252      
SECURITY EQUIPMENT 2020-09-01 834 323 200DB 17.49 % 146      
DELL INSPIRON 14" 2 IN 1 FHD LAPTOP 2020-10-15 1,022 531 200DB 19.20 % 196      
DELL INSPIRON 14" 2 IN 1 FHD LAPTOP 2020-10-22 1,022 531 200DB 19.20 % 196      
ACER SWIFT 3 THIN & LIGHT LAPTOP(2) 2020-10-22 1,442 749 200DB 19.20 % 277      
PUMP & VACUUM 3/4 HP 2020-10-26 876 455 200DB 19.20 % 168      
DELL INSPIRON 14" 2 IN 1 FHD LAPTOP 2020-10-28 1,022 531 200DB 19.20 % 196      
PUMP & VACUUM 3/4 HP 2020-10-29 876 455 200DB 19.20 % 168      
APPLE 13" MACBOOK PRO M1 CHIP W/8 2020-11-27 2,521 1,311 200DB 19.20 % 484      
APPLE MACBOOK & 2 DELL INSPIRON 14" 2020-12-08 3,144 1,635 200DB 19.20 % 604      
DELL INSPIRON 7000 2 IN 1 13.3" FHD 2020-12-21 1,431 744 200DB 19.20 % 275      
DELL INSPIRON 14" 2 IN 1 FHD LAPTOP 2020-12-28 716 372 200DB 19.20 % 137      
FLACKTEX SPEEDMIXER 2020-03-17 12,673 6,590 200DB 19.20 % 2,433      
MICROSOFT SURFACE PRO 7 12.3" 2020-02-26 1,237 643 200DB 19.20 % 238      
APPLE COMPUTER 2020-02-26 3,547 1,844 200DB 19.20 % 681      
APPLE MACBOOK AIR 13.3 LAPTOP 2020-04-01 1,435 746 200DB 19.20 % 276      
APPLE IPAD PRO 12.9" 2020-04-22 1,645 855 200DB 19.20 % 316      
DOUBLE SCISSOR LIFT TABLE 2020-04-27 794 307 200DB 17.49 % 139      
APPLE MACBOOK PRO 13" 2020-04-30 2,959 1,539 200DB 19.20 % 568      
SECURITY EQUIPMENT 2020-05-31 1,000 388 200DB 17.49 % 175      
DELL ULTRASHARP 35" CURVED MONITOR 2020-07-07 866 450 200DB 19.20 % 166      
ASUS G14 LAPTOP 2020-07-13 1,592 827 200DB 19.20 % 306      
SOFA 2020-04-23 764 296 200DB 17.49 % 134      
SECURITY EQUIPMENT 2020-09-01 4,304 1,669 200DB 17.49 % 377      
LEASEHOLD IMPROVEMENTS 2020-12-01 246,038 6,571 SL 2.56 % 6,308      
KEYENCE MICROSCOPE 2021-01-21 18,815 3,763 200DB 32.00 % 6,021      
RENISHAW AM400 3D PRINTER 2021-02-25 23,844 4,769 200DB 32.00 % 7,630      
FREEZER 2021-03-19 886 177 200DB 32.00 % 284      
VWR WASHER GLASS SPINDLE 2021-05-10 7,176 1,435 200DB 32.00 % 2,296      
STD FLAMMABLE STORAGE CABINET 2021-05-25 1,013 203 200DB 32.00 % 324      
VWR RACK SPINDLE BTM 2021-05-25 2,274 455 200DB 32.00 % 728      
CAMBRIDGE WATER JACKETED INCUBATOR 2021-06-24 6,950 1,390 200DB 32.00 % 2,224      
AEROTECH MICRONEEDLE EQUIPMENT 2021-06-24 30,732 6,146 200DB 32.00 % 9,834      
TEVIOT LG COLLECTION CENTRIFUGE 2021-07-12 31,143 6,229 200DB 32.00 % 9,966      
ROOF SUPPORT/SPRINKLER 2021-02-08 26,353 592 SL 2.56 % 676      
LAPTOP 2021-01-11 936 187 200DB 32.00 % 300      
ACER LAPTOP (3) 2021-01-27 2,206 441 200DB 32.00 % 706      
GAS CYLINDER LOCKER 2021-02-22 836 167 200DB 32.00 % 268      
MOBILE SHELVING 2021-03-15 591 84 200DB 24.49 % 145      
MOBILE SHELVING (3) 2021-03-24 1,239 177 200DB 24.49 % 303      
TESLA ELECTRIC CHARGER 2021-04-12 5,188 1,038 200DB 32.00 % 1,660      
REFRIGERATOR 2021-04-30 1,521 217 200DB 24.49 % 372      
MOBILE SHELVING 2021-05-11 1,182 169 200DB 24.49 % 289      
LARGE 5K MONITOR 2021-11-30 1,751 350 200DB 32.00 % 560      
IPAD PRO 2021-05-31 1,645 329 200DB 32.00 % 526      
15 ACER LAPTOP 2021-07-09 3,286 657 200DB 32.00 % 1,052      
APPLE IMAC 2021-08-09 1,427 285 200DB 32.00 % 457      
LAPTOP 2021-09-09 1,099 220 200DB 32.00 % 352      
APPLE M1 PRO COMPUTER 2021-11-30 4,274 855 200DB 32.00 % 1,368      
LAPTOP (4) 2021-12-31 3,082 616 200DB 32.00 % 986      
LEASEHOLD IMPROVEMENTS 2021-01-01 61,770 1,520 SL 2.56 % 1,584      
LEASEHOLD IMPROVEMENTS 2022-04-29 130,340   SL 1.82 % 2,371      
ROOF IMPROVEMENT 2022-08-03 5,100   SL 0.96 % 49      
GAMMA HIGH-VOLTAGE EQPT 2022-03-02 1,645   200DB 20.00 % 329      
NEW LIFE SCIENTIFC EQPT 2022-03-10 9,885   200DB 20.00 % 1,977      
LAPTOP 4 MONITORS 2022-04-11 859   200DB 20.00 % 172      
DESKS 2022-05-16 1,838   200DB 14.29 % 263      
THINKBOOK 14 GEN 2022-07-29 1,163   200DB 20.00 % 233      
MINI COMPUTER 2022-12-12 4,356   200DB 20.00 % 871      
DISHWASHER/REFRIGERATOR 2022-11-03 5,920   200DB 14.29 % 846      

TY 2022 InvestmentsCorpBondsSchedule
Name:
TERASAKI INST FOR BIOMEDICAL INNOVATION
EIN:
95-4249502
Software ID:
22015553
Software Version:
2022v5.0
Name of Bond End of Year Book Value End of Year Fair Market Value
PUBLICLY TRADED SECURITIES 1,320,262 1,140,747

TY 2022 InvestmentsCorpStockSchedule
Name:
TERASAKI INST FOR BIOMEDICAL INNOVATION
EIN:
95-4249502
Software ID:
22015553
Software Version:
2022v5.0
Name of Stock End of Year Book Value End of Year Fair Market Value
PUBLICLY TRADED SECURITIES 27,651,416 31,704,631

TY 2022 InvestmentsGovtObligationsSch
Name:
TERASAKI INST FOR BIOMEDICAL INNOVATION
EIN:
95-4249502
Software ID:
22015553
Software Version:
2022v5.0
US Government Securities - End of Year Book Value:

2,196,982
US Government Securities - End of Year Fair Market Value:

2,037,205
State & Local Government Securities - End of Year Book Value:


 
State & Local Government Securities - End of Year Fair Market Value:


 


TY 2022 InvestmentsOtherSchedule2
Name:
TERASAKI INST FOR BIOMEDICAL INNOVATION
EIN:
95-4249502
Software ID:
22015553
Software Version:
2022v5.0
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
PUBLICLY TRADED SECURITIES AT COST 13,425,596 12,092,042
PRIVATE EQUITY PARTNERSHIPS AT COST 500,057 509,379
OMEAT INC AT COST 1,562,503 1,562,503

TY 2022 LandEtcSchedule2
Name:
TERASAKI INST FOR BIOMEDICAL INNOVATION
EIN:
95-4249502
Software ID:
22015553
Software Version:
2022v5.0
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Furniture and Fixtures 278,787 237,644 41,143  
Machinery and Equipment 1,329,346 1,091,971 237,375  
Improvements 536,745 76,872 459,873  
Miscellaneous 79,450 49,364 30,086  


TY 2022 LegalFeesSchedule
Name:
TERASAKI INST FOR BIOMEDICAL INNOVATION
EIN:
95-4249502
Software ID:
22015553
Software Version:
2022v5.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ELKINS 16,461 0 0 0
KOPPLE, KLINGER & ELBAZ LLP 24,918 0 0 0
MUNGER TOLLES & OLSON LLP 88,457 0 0 0
STUBBS ALDERTON & MARKILES LLP 870 0 0 0
WOLF GREENFIELD & SACKS 239 0 0 0
WOLFSDORF ROSENTHAL 41,870 0 0 41,870


TY 2022 MortgagesAndNotesPayableSch
Name:
TERASAKI INST FOR BIOMEDICAL INNOVATION
EIN:
95-4249502
Software ID:
22015553
Software Version:
2022v5.0
Total Mortgage Amount: 16,556,973

Item No. 1
Lender's Name WELLS FARGO
Lender's Title  
Relationship to Insider  
Original Amount of Loan  
Balance Due 16,556,973
Date of Note 2021-01
Maturity Date 2022-12
Repayment Terms SECURED LINE OF CREDIT
Interest Rate 7.5000
Security Provided by Borrower INVESTMENT PORTFOLIO
Purpose of Loan LEASEHOLD IMPROVEMENTS
Description of Lender Consideration SECURITIES
Consideration FMV  


TY 2022 OtherAssetsSchedule
Name:
TERASAKI INST FOR BIOMEDICAL INNOVATION
EIN:
95-4249502
Software ID:
22015553
Software Version:
2022v5.0
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
CONSTRUCTION IN PROGRESS 2,587,611 15,747,876 15,747,876
Net Intangible Assets   251,600 251,600


TY 2022 OtherDecreasesSchedule
Name:
TERASAKI INST FOR BIOMEDICAL INNOVATION
EIN:
95-4249502
Software ID:
22015553
Software Version:
2022v5.0
Description Amount
BOOK VS FORM 1099 CAP GAINS VARIANCE 28,599
FMV INCREASE OF CONTRIBUTION INCOME 35,775


TY 2022 OtherExpensesSchedule
Name:
TERASAKI INST FOR BIOMEDICAL INNOVATION
EIN:
95-4249502
Software ID:
22015553
Software Version:
2022v5.0
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Amortization 27,956      
BANK CHARGES 4,106      
COMPUTER SUPPLIES 141,134     37,010
DUES & SUBSCRIPTIONS 198,429     32,105
EMPLOYEE BENEFITS 520,187     324,243
EQUIPMENT RENTAL 70,133     70,133
EQUIPMENT REPAIRS 115,840     115,840
INTERNET SERVICES 26,418     10,276
INVESTMENT FEES 332,905 332,905 332,905  
LAB COAT CLEANING 660     660
LAB TESTING SERVICES 86,217     86,217
LABORATORY SUPPLIES 1,148,466     1,148,466
LIABILITY INSURANCE 80,349      
LICENSE & PERMITS 104      
MEALS & ENTERTAINMENT 38,796     6,392
OFFICE SUPPLIES 172,093     76,172
OUTSIDE LAB SERVICES 331     331
OUTSIDE SERVICES 463,810     83,282
PAYROLL PROCESSING SERVICES 9,373      
PENALTIES 1,413      
PERSONNEL 92,224     45,832
POSTAGE 126,387     125,177
STORAGE 4,502      
TELEPHONE 29,579      
TRANSLATION 26,934      
WORKERS COMPENSATION INSURANCE 32,188     32,188


TY 2022 OtherIncomeSchedule2
Name:
TERASAKI INST FOR BIOMEDICAL INNOVATION
EIN:
95-4249502
Software ID:
22015553
Software Version:
2022v5.0
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
CLINICAL TRIAL FEES 400    
Other Investment Income 7,508    


TY 2022 OtherLiabilitiesSchedule
Name:
TERASAKI INST FOR BIOMEDICAL INNOVATION
EIN:
95-4249502
Software ID:
22015553
Software Version:
2022v5.0
Description Beginning of Year - Book Value End of Year - Book Value
PAYROLL TAX PAYABLE 6,648  
CREDIT CARD PAYABLE 25,470 73,933
DUE TO NOGAN   14,784


TY 2022 SalesOfInventoryList 
Name:
TERASAKI INST FOR BIOMEDICAL INNOVATION
EIN:
95-4249502
Software ID:
22015553
Software Version:
2022v5.0

Category Gross Sales Cost of Goods Sold Net (Gross Sales Minus
Cost of Goods Sold)
BOOKSTORE 180   180

TY 2022 TaxesSchedule
Name:
TERASAKI INST FOR BIOMEDICAL INNOVATION
EIN:
95-4249502
Software ID:
22015553
Software Version:
2022v5.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL TAX 15,000 15,000 15,000  
FOREIGN TAX 31,169 31,169 31,169  
PAYROLL TAX 314,979     167,246
PROPERTY TAX 28,845      
SALES TAX 1      
STATE TAX 400     400