2025-05-08T18:00:18-05:00 2024-06-30 910189318 Moss Adams LLP 21700 Oxnard St Ste 300 Woodland Hills CA 91367 990 2023-07-01 951664123 Scripps College SCRI 9096218043 1030 Columbia Avenue Claremont CA 91711 Mia Alonzo Assistant VP/Controller 9096070689 2025-05-15 1 1 Lauren A Haverlock P00545829 8185771900 2025-05-08 2023 2025-03-06 01:10:19Z Amy Marcus-Newhall 1030 Columbia Avenue Claremont CA 91711 188219012 0 X www.scrippscollege.edu X 1926 CA Scripps College ("Scripps") is an independent, liberal arts, undergraduate college for women. 28 27 1382 630 2241651 0 8617840 20821014 86713338 94886893 17145586 19620495 905949 -366048 113382713 134962354 21797513 24209404 0 0 41708988 45396030 0 0 4333433 52129826 48900599 115636327 118506033 -2253614 16456321 717088835 780732497 107288964 131784297 609799871 648948200 To educate women to develop their intellect and talents through active participation in a community of scholars, so that as graduates they may contribute to society through public and private lives of leadership, service, integrity and creativity. 0 0 100333224 24209404 94886893 Scripps College ("Scripps") is an independent, liberal arts college for women with a distinctive interdisciplinary core curriculum offering instruction in the humanities, fine arts, and the natural and social sciences. Scripps has an enrollment of approximately 1,100 students. Founded in 1926, the campus is on the National Register of Historic Places. Its mission is to educate women to develop their intellect and talents through active participation in a community of scholars, so that as graduates they may contribute to society through public and private lives of leadership, service, integrity and creativity. 100333224 1 1 0 0 0 0 0 1 1 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 1669 0 1 1382 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 28 27 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X Mia Alonzo 9096218043 101 S Mills Avenue Claremont CA 91711 Suzanne Keen - President (thru 03/23)/Professor (as of 03/23) 40.00 0.00 X 567859 0 111886 Amy Marcus-Newhall President 40.00 1.00 X X 591980 0 43399 Dean Calvo VP/Business Affairs/Treasurer 40.00 1.00 X 362284 0 77845 Binti Harvey - VP External Relations & Inst. Advancement 40.00 0.00 X 314123 0 63392 Ulysses Sofia Faculty 40.00 0.00 X 305701 0 49651 DeMethra LaSha Bradley - VP for Student Affairs/Dean of Students 40.00 0.00 X 275412 0 52732 Denise Nelson Nash VP/Secretary of the Board 40.00 0.00 X 263290 0 41775 Diane Holmes - AVP Business Affairs/Assistant Treasurer 40.00 0.00 X 235124 0 54802 Victoria Romero VP for Admissions 40.00 0.00 X 245253 0 39024 Myriam Chancey Faculty 40.00 0.00 X 221990 0 59025 Jennifer Berklas - AVP - Human Capital & Risk Management 40.00 0.00 X 229699 0 37669 Jennifer Armstrong - Interim VP for Acad Affairs/Dean of Faculty 40.00 0.00 X 194533 0 72778 Enrique Gonzalez-Salgado AVP - Philanthropy 40.00 0.00 X 211210 0 33150 Mia Alonzo Assistant VP/Controller 4.00 20.00 X 0 189001 46238 Nancy Macko Faculty 40.00 0.00 X 201115 0 34000 Adriana di Bartolo-Beckman Former Key Employee 40.00 0.00 X 145035 0 42338 Laura Hockett Board Chair/Trustee 4.00 1.00 X X 0 0 0 Robert Sacks Co-Vice Chair/Trustee 2.00 0.00 X X 0 0 0 Kalpana Rhodes Co-Vice Chair/Trustee 2.00 0.00 X X 0 0 0 Dominique Cantwell Trustee 1.00 0.00 X 0 0 0 Angelica Clark Trustee 2.00 0.00 X 0 0 0 Deborah David Trustee 2.00 0.00 X 0 0 0 Libby Greig DeMeo Trustee 2.00 0.00 X 0 0 0 Stephanie Doan Trustee 1.00 0.00 X 0 0 0 Patricia Y Fechner Trustee 2.00 0.00 X 0 0 0 Deirdre Giblin Trustee 1.00 0.00 X 0 0 0 Mark R Herron Trustee 2.00 0.00 X 0 0 0 Joan Isaacs Trustee 1.00 0.00 X 0 0 0 Patricia Jackson Trustee 2.00 0.00 X 0 0 0 Kathie Kim Trustee 1.00 0.00 X 0 0 0 Jennifer McDonnell Trustee 1.00 0.00 X 0 0 0 Suzanne Ely Muchnic Trustee 2.00 0.00 X 0 0 0 Beth Nolan Trustee 2.00 0.00 X 0 0 0 Gale Picker Trustee 1.00 0.00 X 0 0 0 Emily Rankin Trustee 1.00 0.00 X 0 0 0 H Mac Riley Trustee 1.00 0.00 X 0 0 0 Aby Rivera Trustee 1.00 0.00 X 0 0 0 Lynne Thompson Trustee 1.00 0.00 X 0 0 0 Brooke Tomblin Trustee 2.00 0.00 X 0 0 0 Christophe Jungels-Winkler Trustee 1.00 0.00 X 0 0 0 Carolyn Wu Trustee 2.00 0.00 X 0 0 0 Katherine Wyble Trustee 1.00 0.00 X 0 0 0 Sara Zion Trustee 1.00 0.00 X 0 0 0 4364608 189001 859704 109 1 1 0 Bon Appetit PO Box 50196 Los Angeles CA 900740196 Food Services 5254527 KAR Construction Inc 1306 W Brooks Street Ontario CA 917623611 Construction 3624838 Cambridge Associates LLC 13528 Collection Center Drive Chicago IL 60693 Investment Management Services 861058 Brian R Bloom 350 South Milliken Avenue Suite G Ontario CA 917617844 Architect 627117 Air West Mechanical Construction Inc 12166 Front Street Norwalk CA 90650 Mechanical Construction 564157 29 294770 20526244 930381 20821014 Tuition, Room & Board 611600 88611157 88611157 Fed Grants & Contracts 611600 3826793 3826793 Co-Curricular Op. 611600 219481 219481 Inventory Sales 459900 56166 56166 2173296 2162661 10635 94886893 5301863 2231016 3070847 5457 5457 608261 979766 -371505 -371505 -371505 62486206 4109318 52276892 0 10209314 4109318 14318632 14318632 134962354 94876258 2241651 17023431 24209404 24209404 3540372 1822475 1412963 304934 31431987 27070632 2478040 1883315 3300799 2837059 271127 192613 4683397 3836027 578269 269101 2439475 2025021 270059 144395 832885 832885 352825 161668 189041 2116 259557 1000 258557 2965740 2965740 4759072 3827874 579813 351385 332469 210781 46593 75095 4844984 4546914 236531 61539 1340366 953977 275201 111188 2624089 2079028 483135 61926 1630290 1405126 78826 146338 933178 699709 80590 152879 2836961 2428990 366098 41873 196582 114605 77683 4294 9921230 9202250 522959 196021 697497 694989 2508 Related Orgs and Affili 11889017 9937511 1833503 118003 Repairs & Maintenance 2018543 1909115 90371 19057 Books 94166 90105 3222 839 Non-Capitalized Equipme 18945 4851 14094 352203 126217 31972 194014 118506033 100333224 13839376 4333433 349082 289382 36515475 25467803 3095846 12708328 3407809 1335083 216428 264225 34705 24410 543727 949308 299702794 120275173 142629422 179427621 223858418 243094386 281821885 261470198 2283114 33441486 22332924 22260267 717088835 780732497 5941145 11174666 2897699 1550121 93112167 113708791 108465 113592 5229488 5237127 107288964 131784297 X 140571257 148409394 469228614 500538806 609799871 648948200 717088835 780732497 X 16456321 29732093 -7040085 X 0 1 X 1 1 1 X 7695928 9748939 6621087 8617840 20821014 53504808 7695928 9748939 6621087 8617840 20821014 53504808 5016682 48488126 3627717 2089339 2837243 2887230 3684565 15126094 39114 3057476 1757158 4853748 1800831 1800831 75285481 398000051 0.64410 0.65930 X Schedule A, Part II, Line 10, Explanation of Other Income: Insurance Proceeds RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 28613 21640858 X X X X 0 0 1 X 479810066 7883711 42481907 4640433 14795286 2216845 508523120 461984982 4259198 34337050 4469073 14133776 2168315 479810066 542361961 2070521 -62217342 3066291 15508404 1655463 461984982 377593995 3740526 185296421 5679783 17450256 1138942 542361961 379679497 2633315 12202738 3905321 12111195 905039 377593995 0.10030 0.37650 0.52320 1 0 15824428 15824428 965827 219915352 90278631 130602548 7931471 4611916 3319555 31497821 22000702 9497119 23567895 3383924 20183971 179427621 Private equity 192248995 F Diversifying hedge funds 56703309 F Growth oriented hedge funds 11720347 F Other investments 797547 F 261470198 Life income and annuities payable 3156445 Asset retirement obligation 1379679 Finance lease obligation 634604 Government advances for student loans 66399 5237127 X 137590416 29732093 1680697 31412790 106177626 2965740 25818988 28784728 134962354 98442087 6489766 6489766 91952321 2965740 23587972 26553712 118506033 Part III, Line 4: The College capitalizes its collections of works of art and rare books at their appraised or estimated fair value upon date of gift. In some cases, collection items held solely for their potential educational value or historic significance, or where the cost to establish the current fair value was deemed to exceed the benefit, were not assigned value for the purpose of capitalization. Purchased collections are valued at cost. If the College decides to sell collections proceeds from sales of will be used to acquire other items for the collection or support the direct care of existing collections. Part IV, Line 2b: The amounts in Funds Held in Trust for Others are funds held for third party remainderman on charitable remainder trusts and an amount for a private loan program. The amount held for the third party remainderman is held by a third party administrator and the loan program is held with the College. Part V, Line 4: The College invests its endowment with the objective to preserve and enhance its purchasing power to support the core mission of the College. The Board of Trustees has adopted a spending policy for pooled investments whereby the amount of investment return available for current operations is determined by applying 4.5% to the twenty-quarter average market value of pooled investments for both years ended June 30, 2024 and 2023. The Board of Trustees of the College interprets the California Uniform Prudent Management of Institutional Funds (UPMIFA) to state that the College, in the absence of explicit donor stipulations to the contrary, may appropriate for expenditure or accumulate so much of an endowment as the College determines prudent for the uses, benefits, purposes, and duration for which the endowment fund is established. The College classifies perpetual endowment funds as net assets with donor restrictions, the original value of gifts to the endowment and the accumulations made in accordance with the donor intent until those amounts are appropriated for expenditure by the College in a manner consistent with the standard of prudence prescribed by California UPMIFA which includes the: (1) Duration and preservation of the fund (2) Mission of the College and endowment fund purpose (3) General economic conditions (4) Possible effects of inflation or deflation (5) Expected total return from income and appreciation and depreciation of investments (6) Other resources of the College (7) Investment policy of the College Part X, Line 2: The objective of the College is to maintain and conduct a 501(c)(3) nonprofit educational institution. The primary purpose of accounting and reporting is the recording of resources received and applied rather than the determination of net income. The College had no uncertain tax positions and/or obligations at June 30, 2024 and 2023. The College has no unrecognized tax benefits as of June 30, 2024 and 2023. Part XI, Line 2d - Other Adjustments: Actuarial Adjustment of Annuity and Life Income Liabilities 700,581. Rental Expense 979,766. Pledge Write-offs 350. Part XI, Line 4b - Other Adjustments: Student Financial Aid 23,587,972. Unrelated Business Income/Loss from Alternative Investments 2,231,016. Part XII, Line 2d - Other Adjustments: Rental Expense 979,766. Capital Contribution to SPPH 5,510,000. Part XII, Line 4b - Other Adjustments: Student Financial Aid 23,587,972. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The racially nondiscriminatory policy is stated in brochures, the College catalog, and is accessible on the College's website. Schedule E, Part I, Line 6 The College participates in the following federal programs: Federal Supplemental Educational Opportunity; Federal Family Education Loans; Federal Work-Study Program; Federal Perkins Loans; Federal Pell Grant Program. Central America and the Caribbean 0 0 Investments 205408935 Europe 0 0 Investments 1046037 East Asia and the Pacific 0 0 Investments 2799875 0 0 0 0 0 0 209254847 0 209254847 1 0 1 1 1 0 Part I, line 3: Accrual Method 1 Student Financial Aid 630 23587972 FSEOG 47 173924 Other Awards 325 447508 Part I, Line 2: Grants for tuition assistance (Student Financial Aid and FSEOG) are non-cash transactions and are applied directly to each student account to offset student charges. All other awards are direct grants to students with physical checks or ACH transactions being processed. Outstanding checks are monitored to ensure that checks are received and cashed. X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 Suzanne Keen - President (thru 03/23)/Professor (as of 03/23) 529415 0 0 0 38444 0 39600 0 72286 0 679745 0 0 0 Amy Marcus-Newhall President 506980 0 0 0 85000 0 39600 0 3799 0 635379 0 0 0 Dean Calvo VP/Business Affairs/Treasurer 362284 0 0 0 0 0 39600 0 38245 0 440129 0 0 0 Binti Harvey - VP External Relations & Inst. Advancement 314123 0 0 0 0 0 38598 0 24794 0 377515 0 0 0 Ulysses Sofia Faculty 305701 0 0 0 0 0 37200 0 12451 0 355352 0 0 0 DeMethra LaSha Bradley - VP for Student Affairs/Dean of Students 275412 0 0 0 0 0 33743 0 18989 0 328144 0 0 0 Denise Nelson Nash VP/Secretary of the Board 263290 0 0 0 0 0 31808 0 9967 0 305065 0 0 0 Diane Holmes - AVP Business Affairs/Assistant Treasurer 234812 0 312 0 0 0 29150 0 25652 0 289926 0 0 0 Victoria Romero VP for Admissions 245253 0 0 0 0 0 29591 0 9433 0 284277 0 0 0 Myriam Chancey Faculty 221990 0 0 0 0 0 27547 0 31478 0 281015 0 0 0 Jennifer Berklas - AVP - Human Capital & Risk Management 229267 0 432 0 0 0 27727 0 9942 0 267368 0 0 0 Jennifer Armstrong - Interim VP for Acad Affairs/Dean of Faculty 194533 0 0 0 0 0 25297 0 47481 0 267311 0 0 0 Enrique Gonzalez-Salgado AVP - Philanthropy 211210 0 0 0 0 0 25737 0 7413 0 244360 0 0 0 Mia Alonzo Assistant VP/Controller 0 189001 0 0 0 0 0 20237 0 26001 0 235239 0 0 Nancy Macko Faculty 201115 0 0 0 0 0 24351 0 9649 0 235115 0 0 0 Adriana di Bartolo-Beckman Former Key Employee 145035 0 0 0 0 0 18233 0 24105 0 187373 0 0 0 Part I, Line 1a The President's written contract allows for first-class travel when traveling during off-peak hours or foregoing a one-night hotel stay. The value of first-class travel was not included in taxable compensation. The President's written contract includes housing as a condition of employment which was not included in taxable compensation. Cleaning services to the President's house are provided as maintenance of a campus-owned building, which is used for institutional events as well as being the personal residence of the President and family. No material services were performed in the private use portion of the residence, therefore, the value of the services was not included in taxable compensation. A California Municipal Finance Authority 201563466 000000000 2020-10-20 100000000 To refund the CMFA 2017 Tax-Exempt Loan and renovate college buildings. 0 0 0 B California Municipal Finance Authority 201563466 000000000 2022-07-01 25000000 SPPH guarantee 0 0 0 A 8574069 99500000 258070 14473278 84768652 2020 1 1 1 1 B 24955196 226892 24728304 2024 0 0 1 1 A 1 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 1 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 Schedule K, part I, line A, column (f): Description of Purpose: To refund the CMFA 2017 Tax-Exempt Loan and for the purchase and renovation of various college buildings. Schedule K, Part II, Line 3, Bonds A and B: The difference between the issue price and the total proceeds of the issue for Bond A is due to the bond discount. The difference between the issue price and the total proceeds of the issue for Bond B is due to the bond discount. X 6 28613 FMV X 1 FMV X 17 901766 FMV X Piano 1 1 Cost 1 0 1 0 Part I, Column (b): The College is reporting the number of contributions in column (b). Form 990, Part VI, Section A, line 1a The Executive Committee is composed of the Chair of the Board, the Vice-Chair(s) of the Board, the President of the College, the Chair of each Standing Committee of the Board of Trustees, the Chair of each committee of the Board of Trustees, and such other Trustees appointed. Subject to limitations contained in California Corporations Code Section 5212(a) and additional limitations contained in the Scripps College Bylaws, when the Scripps College Board of Trustees is not in session, the Executive Committee has the authority of the Board of Trustees. Form 990, Part VI, Section A, line 7a The Board of Trustees has three ex-officio trustees: the President of the College, the President of the College's Alumnae Association, and the Chair of the Scripps Association of Families. Two Recent Graduate Trustees are elected by the Alumnae Association. Form 990, Part VI, Section B, line 11b Scripps utilizes a process for review of the IRS Form 990 Return of Organization Exempt From Income Tax (Form 990) that involves members of management as well as governing board members. Scripps has engaged an outside accounting firm to prepare the Form 990 using information provided by Financial Services, the Office of Human Resources, and the Treasurer's Office. Corrections are made as needed. Once a revised draft is available it is reviewed by the Controller, Associate Controller, Budget Manager, Associate Vice President for Business Affairs/Assistant Treasurer and Senior Accountant. After this review and any resulting changes are complete, the Trustees are provided a copy of the Form 990 for questions and comments in mid-April. Once questions and comments from the ARC Committee are fielded and issues resolved, the ARC Committee endorses the Form 990. The Form 990 with redacted Schedule B, Schedule of Contributors, is made available to all voting members of the Board of Trustees for their review prior to filing in early May. Schedule B is available for review by members of the Board of Trustees upon request. Form 990, Part VI, Section B, line 12c All officers, trustees and key employees sign a conflict of interest policy and periodically disclose relationships which may give rise to a conflict of interest. All disclosures are reviewed annually by the Trusteeship and Governance Committee and the Audit, Risk, and Compliance (ARC) Committee of the Board of Trustees. Covered members must promptly disclose new potential conflicts to the Chair of the Board, the Chair of the ARC Committee, or the President. Following such disclosure, the Executive Committee of the Board will determine whether a conflict of interest exists. In the event that a conflict is discovered during a board or committee meeting, the member with the potential conflict will be recused from the discussion and vote as deemed appropriate. Form 990, Part VI, Section B, line 15 The Compensation Sub-Committee is a sub-committee of the Executive Committee of the Board of Trustees and is composed solely of independent Trustees. The Compensation Sub-Committee has the primary responsibility for reviewing and approving the compensation of the President/CEO and CFO, and it is advisory to the President/CEO with respect to the compensation of other members of the Senior Staff. In completing its review and approval, the Compensation Sub-Committee considers compensation data from higher education nationwide and regionally. All compensation changes are reviewed by the Sub-Committee and memorialized in minutes. The Compensation Sub-Committee submits the President/CEO and CFO compensation adjustments to the Executive Committee for final approval. The approval of the President/CEO and CFO compensation are memorialized in minutes. The last compensation analysis and approval was performed in June 2024 for both the President/CEO and CFO compensation. The review of compensation of other officers and key employees was conducted by the President/CEO of the College, who solicited the advice and counsel of the Compensation Sub-Committee, which reviews comparability data. Form 990, Part VI, Section C, line 19 The College's governing documents and conflict of interest policy are made available to the public upon request. The College's audited financial statements are available on the College's website and upon request from the Treasurer's Office. Form 990, Part XI, line 9: Unrelated Business Income/Loss from Alternative Investments -2,231,016. Actuarial Adjustment of Annuity and Life Income Liabilities 700,581. Pledge Write-offs 350. Capital Contribution to SPPH -5,510,000. The Claremont Colleges Inc 101 S Mills Ave Claremont CA 91711 954786748 Provide academic and business services CA 501(c)(3) Line 12a, I N/A 0 Scripps-Pitzer Property Holdings LLC 1030 North Columbia Ave Claremont CA 91711 842206074 Property holding CA N/A Related 180104 60981725 0 1 0.50000 Charitable Remainder Unitrusts (7) Holding Co CA N/A T 1 0 1 0 1 0 0 0 0 0 1 0 0 1 0 0 1 1 1 1 Scripps-Pitzer Property Holdings LLC D 10980181 Loan guarantee Scripps-Pitzer Property Holdings LLC B 1 Cash basis