2025-05-13T12:48:13-05:00 2024-06-30 910189318 Moss Adams LLP 21700 Oxnard St Ste 300 Woodland Hills CA 91367 990 2023-07-01 951664100 Claremont Graduate University CLAR 9096218043 150 E Tenth Street Claremont CA 91711 Mia Alonzo Controller and Assistant VP 9096218043 2025-05-06 1 1 Lauren A Haverlock P00545829 8185771900 2025-05-06 2023 2025-03-06 01:10:19Z Michelle Bligh 150 E Tenth Street Claremont CA 91711 156187921 0 X www.cgu.edu X 1925 CA A private, independent, nonprofit institution of higher learning that is a high research activity university awarding master's and doctoral degrees within its five schools and three independent departments. 21 21 1036 65 0 0 20440002 7425476 54059331 50665919 6392079 25972669 2091918 1038096 82983330 85102160 14094079 14152345 0 0 40191147 39243244 0 0 1582362 25378206 24497061 79663432 77892650 3319898 7209510 312250759 347414592 56233142 57160687 256017617 290253905 X Claremont Graduate University prepares individuals to be leaders for positive change in the world. Unique in its transdisciplinary approach, the University is dedicated to the creation, dissemination, and application of new knowledge and diverse perspectives through research, practice, creative works, and community engagement. 0 0 61757765 14152345 50665919 Claremont Graduate University (the "University") is a private, nonprofit, exclusively graduate and professional RU/H research university (high research activity). Its five schools and three independent departments offer Master's degrees in over 40 fields and doctoral degrees in over 20 fields. Founded in 1925, the University offers programs in the arts and humanities, social science, education, management, public health, and botany, the latter in conjunction with the Rancho Santa Ana Botanic Garden. It serves a student population of approximately 2,500. The University's mission is to prepare a diverse group of outstanding individuals to assume leadership roles in the worldwide community through research, teaching, and practice in selected fields. In carrying out its mission, the University is increasingly practice based, transdisciplinary, and student-centered. 61757765 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 0 1 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 1 1 1 0 0 0 1 2017 0 1 1036 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 1 1 CA X Mia Alonzo 9096218043 150 E Tenth Street Claremont CA 91711 Timothy J Kirley - Trustee Ch (thru 6/24), Int. Pres. (as of 6/24) 40.00 X X 0 0 0 Rudolph I Estrada - Trustee Ch Strat Planning, Int Ch (as of 06/24) 2.00 X X 0 0 0 Donald P Baker - Trustee Vice Chair, Student Success 1.00 X X 0 0 0 Lorenzo di Bonaventura - Trust (thru 05/24), Ch Adv (thru 11/23) 1.00 X X 0 0 0 Jared Franz Trustee, Chair, Investments 1.00 X X 0 0 0 Jeanne Holm - Trustee Chair Acad. Affairs, Vice Ch. of the Board 2.00 X X 0 0 0 Mark Chapin Johnson - Trustee Chair, Advancement (as of 12/23) 1.00 X X 0 0 0 Mohannad S Malas - Trustee Chair, Facilities & Infrastructure 1.00 X X 0 0 0 Deron Marquez Trustee, Chair, Business & Finance 1.00 X X 0 0 0 Nancy B Rapoport - Trustee Chair, Audit & Risk Committee 1.00 X X 0 0 0 Nancy Staudt - Trustee Chair, Student Success (thru 05/24) 1.00 X X 0 0 0 Elliot H Stein Jr Trustee, Chair, Trusteeship 1.00 X X 0 0 0 Carolyn Stephens - Trustee Chair, Information Technology 1.00 X X 0 0 0 Mukesh Aghi Trustee 0.50 X 0 0 0 Alfred Balitzer Trustee 0.50 X 0 0 0 Juanita Dawson Trustee 0.50 X 0 0 0 Martin Basuki Hartono Trustee 0.50 X 0 0 0 Tom Hsieh Trustee 0.50 X 0 0 0 Michael J Johnson Trustee (thru 01/24) 0.50 X 0 0 0 Terry McGann Trustee 0.50 X 0 0 0 Prakash Mehta Trustee 0.50 X 0 0 0 Vanessa Okwuraiwe - Trustee Chair, Investments (thru 05/24) 1.00 X 0 0 0 Mashi Rahmani Trustee 0.50 X 0 0 0 Steven R Ross Trustee 0.50 X 0 0 0 Beverly P Ryder Trustee (thru 05/24) 0.50 X 0 0 0 Garry Stiffelman Trustee (Thru 02/24) 0.50 X 0 0 0 Marshall W Taylor Trustee 0.50 X 0 0 0 Geoffrey P Wharton Trustee (Thru 12/23) 0.50 X 0 0 0 Ken Yamaguchi Trustee 0.50 X 0 0 0 Len Jessup President (thru 06/24) 40.00 X 787359 0 86595 Mary Ann Rodriguez VP/Treasurer/CFO (thru 06/24) 40.00 X 349292 0 26571 Michelle Bligh EVP & Provost 40.00 X 341549 0 32230 Chris Armstrong Secretary to the Board of Trustees 40.00 X 60987 0 22305 Karen Sisson Interim CFO (as of 06/24) 40.00 X 0 0 0 Mia Alonzo Assistant VP/Controller 4.00 20.00 X 0 189001 46238 Kristen Andersen Daley Vice President of Advancement 40.00 X 243494 0 73432 David Sprott Dean - Drucker School of Management 40.00 X 399931 0 65191 Gregory J DeAngelo Faculty 40.00 X 384370 0 37445 Stephen Gilliland Faculty 40.00 X 319363 0 29891 Jason Siegel Faculty 40.00 X 303606 0 45017 Stewart Donaldson Faculty 40.00 X 303521 0 35763 Patricia Andre De St Amant Former EVP/Provost, Faculty 40.00 X 286866 0 38253 3780338 189001 538931 98 1 1 0 Sodexo Inc & Affiliates PO Box 360170 Pittsburgh PA 152516170 Facilities Management 1813002 Education First Consulting LLC PO Box 22871 Seattle WA 981220871 Educational Consulting 460438 EAB Global Inc PO Box 603519 Charlotte NC 282603519 Consulting Services 427126 The Whiting-Turner Contracting Company 300 E Joppa Road Baltimore MD 21286 Construction Architect 418097 Moss Adams LLP PO BOX 101822 Pasadena CA 911891822 Accounting 330092 16 7425476 248046 7425476 Tuition and fees 900099 44265494 44265494 Fed grants & contracts 900099 2553136 2553136 Private Contract 900099 1759399 1759399 Conference Revenue 900099 1556646 1556646 Auxiliary services 900099 309261 309261 221983 221983 50665919 5021711 5021711 223104 223104 309261 91345 217916 217916 217916 60039455 31905919 69060522 1933894 -9021067 29972025 20950958 20950958 Other sources 900099 597076 597076 597076 85102160 50665919 0 27010765 14152345 14152345 2089579 772511 786068 531000 261863 261863 30766737 27028241 3105456 633040 1234721 897413 313857 23451 2811399 2757673 53726 2078945 1423916 538650 116379 253838 232518 21270 50 1111511 110587 1000924 311830 50110 261720 500563 500563 3543149 2818010 657401 67738 855648 280758 548051 26839 1206021 499122 690192 16707 1392756 252611 1092973 47172 3686744 2520321 1111154 55269 732138 698700 28528 4910 513789 407968 88025 17796 1915281 1502900 391846 20535 2034015 1708500 314778 10737 428669 464 428205 Payments to Affiliates 4887746 2328820 2550960 7966 Books 59069 58278 210 581 Non-Capital Equipment 13773 11707 1968 98 1050521 982429 65998 2094 77892650 61757765 14552523 1582362 5813516 15684106 1625086 2733852 42935313 38967674 3835088 3370158 0 22948276 134148 183530 93577273 35719872 59858482 57857401 157541005 147940157 40234413 56518338 273708 186771 0 1024329 312250759 347414592 4885252 5140833 4679629 4851867 33297046 33310102 6320000 5295000 1914627 1758619 5136588 6804266 56233142 57160687 X 17735092 43856969 238282525 246396936 256017617 290253905 312250759 347414592 X 7209510 26772875 253903 X 0 1 X 1 1 1 X 21647854 24723485 50497436 20440002 7425476 124734253 21647854 24723485 50497436 20440002 7425476 124734253 54020716 70713537 4773957 12639723 14007168 14505441 5554076 51480365 776 776 21193392 802955 1404831 1703125 597076 25701379 201916773 282404069 0.35020 0.35660 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 212400 4338199 0 0 X X 0 199994170 58676 22379235 194348 14107404 500563 207629766 196273203 94883 17830878 174172 13538866 491756 199994170 216256639 3089430 -10139696 221764 12156597 554809 196273203 164868341 6388417 57822509 236499 12069888 516241 216256639 176783393 345488 -356687 214391 11212211 477251 164868341 0.12900 0.67900 0.19200 0 0 48329 17211987 17260316 57090434 27149066 29941368 6068705 3704627 2364078 9999577 4866179 5133398 3158241 3158241 57857401 Limited partnerships - alternative assets 41571918 F Mutual funds 12854664 F Hedge funds 2091756 F 56518338 Liability for staff retirement 4657018 Operating Lease Obligation 1024329 Annuities payable 960805 Government advances for student loan 162114 6804266 98633294 26772875 345248 27118123 71515171 500563 13086426 13586989 85102160 64397006 91345 91345 64305661 500563 13086426 13586989 77892650 Part III, Line 4: Historically, CGU has been a great supporter of artistic endeavors. This support is manifest in the art collections currently on display throughout the CGU campus. Through acquisition and gifts in kind, CGU has been a champion of creative expression through the visual arts. CGU has three distinct collections in its possession and on display. These include: the Claremont Graduate University Collection of work donated or accessioned; Claremont Graduate University President's Award (annually purchased from graduating MFA students in the CGU Art Department); and CGU MFA student artwork (loaned by students for display). Original works of art exhibited on campus can inspire students, faculty and staff to a greater appreciation of beauty, the creative process and diversity of critical thought that bridges academic disciplines. The borrowing and display of original works of art must be implemented in a manner that ensures the effective educational and artistic use of the art collections in our keeping. Works must not become mere decoration, lost in the shuffle, forgotten, or cast aside. It is of utmost concern that we care for the works of art and use them to some positive educational purpose. CGU's policies with respect to the collection support ongoing integration of the art collections in the educational mission of CGU. Part V, Line 4: CGU pursues investment objectives that strike a balance between preserving the real inflation adjusted value of the Fund; maximize the total long-term investment returns; and generate sufficient current income and capital gains to meet CGU's endowment spending goals. Endowment spending supports the mission of the University by augmenting financial support for academic curriculum, student programs, and research beyond that available through tuition and fees alone. The University manages investment risk by avoiding concentration of assets in one or several investment managers; excess concentration in asset classes; asset and investment class volatility; and personnel risk within investment managers. Part XI, Line 2d - Other Adjustments: Actuarial adjustment 268,903. Rental expenses reclassified to Form 990, part VIII, line 6b 91,345. Adjustment to contributions received -15,000. Part XI, Line 4b - Other Adjustments: Student financial aid 13,086,426. Part XII, Line 2d - Other Adjustments: Rental expenses reclassified to Form 990, part VIII, line 6b 91,345. Part XII, Line 4b - Other Adjustments: Student financial aid 13,086,426. 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 Claremont Graduate University nondiscrimination policy is publicized in catalogues, promotional brochures and on the school's website. Schedule E, Part I, Line 6 Claremont Graduate University participates in the College Work-Study and Perkins Loan programs. Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 0 0 Investments 14259183 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 0 0 Investments 19313802 Sub-Saharan Africa - Angola, Benin, Botswana, Burkina Faso, 0 0 Investments 2809702 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 0 0 Program Services School of Arts and Humanities - Museum Studies Abroad, Educational programs focusing on the multi-dimensional aspects of global experiences 49476 Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 0 0 Program Services Educational programs focusing on the multi-dimensional aspects of global experiences 43996 East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, 0 0 Program Services Educational programs focusing on the multi-dimensional aspects of global experiences 40435 0 0 0 0 0 0 36516594 0 36516594 1 0 1 1 1 0 1 Student Financial Aid 1180 14152345 Part I, Line 2: The College determines the eligibility for each student's needs, the awards are credited to the student's account and the Office of Financial Aid monitors the student's continued eligibility to receive the assistance. X X 1 1 X X 0 1 0 0 0 0 0 1 0 Len Jessup President (thru 06/24) 501588 0 125000 0 160771 0 53196 0 33399 0 873954 0 156064 0 David Sprott Dean - Drucker School of Management 376921 0 0 0 23010 0 23196 0 41995 0 465122 0 0 0 Gregory J DeAngelo Faculty 384370 0 0 0 0 0 19560 0 17885 0 421815 0 0 0 Mary Ann Rodriguez VP/Treasurer/CFO (thru 06/24) 301904 0 25188 0 22200 0 21419 0 5152 0 375863 0 0 0 Michelle Bligh EVP & Provost 341549 0 0 0 0 0 23196 0 9034 0 373779 0 0 0 Stephen Gilliland Faculty 319363 0 0 0 0 0 20178 0 9713 0 349254 0 0 0 Jason Siegel Faculty 303606 0 0 0 0 0 18930 0 26087 0 348623 0 0 0 Stewart Donaldson Faculty 303521 0 0 0 0 0 17746 0 18017 0 339284 0 0 0 Patricia Andre De St Amant Former EVP/Provost, Faculty 223407 0 25000 0 38459 0 18684 0 19569 0 325119 0 0 0 Kristen Andersen Daley Vice President of Advancement 243494 0 0 0 0 0 17823 0 55609 0 316926 0 0 0 Mia Alonzo Assistant VP/Controller 0 189001 0 0 0 0 0 20237 0 26001 0 235239 0 0 Part I, Line 1a Housing is provided for the President as a condition of employment for the convenience of the University. The college also provides housing to two other individuals listed on Part VII that is included as a taxable benefit. The President's written contract includes monthly dues for one social club membership for the purpose of conducting college business. They are included in taxable compensation. Part I, Line 4b CGU established a nonqualified deferred compensation plan under section 457(f) of the Internal Revenue Code for the President's benefit. In 2023, distributions and contributions from the plan were made in the amount of $156,064 and $30,000, respectively. Part I, Line 7 Certain Individuals received non-fixed bonus/incentive compensation payments for 2023 reported on Schedule J, Part II, Column B (ii). A California Municipal Finance Authority 201563466 13048VPY8 2020-06-30 4675000 Refinance 2016 bonds 0 0 0 B California Municipal Finance Authority 201563466 13048VPY8 2020-06-30 29721487 Refinance 2016 bonds 0 0 0 A 4675000 149600 90271 4435129 1 0 1 1 B 29721487 1411000 590012 27720476 1 0 1 1 A 0 1 1 1 0 0.00000 0.00000 0.00000 0 0 1 B 0 1 1 1 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 X 25 212400 Appraisal FMV X 4 35646 Avg of day's high/low 1 0 1 1 Part I, Column (b): Number of contributions. Part I, Line 32b: Real estate property was sold during the year by third parties. Form 990, Part VI, Section B, line 11b CGU utilizes a process for review of the IRS Form 990 Return of Organization Exempt from Income Tax that involves multiple layers of management as well as governing board members. CGU has engaged an outside accounting firm to prepare the 990 using information provided by the Office of Financial Services, the Office of Human Resources, and the Treasurer's Office, and changes are made as needed. Once a revised draft is available, it is reviewed by the Controller and the Associate Vice President of Finance and Administration. After this review and any resulting changes are complete, the revised draft is provided to members of the CGU Audit Committee for questions and comments. Once questions and comments from the Audit Committee are fielded and issues resolved, the Audit Committee accepts the 990 and the 990 is provided to all voting members of the Board of Trustees prior to filing. Form 990, Part VI, Section B, line 12c The University maintains a policy that any Board member, Senior Management personnel, and such other persons designated by the President, or persons who exercise discretionary authority on behalf of Claremont Graduate University (CGU or University), defined collectively as fiduciary personnel, may not use this authority for his or her own benefit. It is University policy that all such personnel have a fiduciary duty to be free from the influence of any conflicting interest when acting on behalf of CGU. All dealings are conducted on the sole basis of what is in the best interest of the University without favor or preference to third parties based on personal considerations. To this end CGU enforces the following four guidelines concerning conflict of interest: 1. No fiduciary of the University shall accept from any person, directly or indirectly whether by himself or herself or through a family member or through any business or professional associate, any gift, favor, service, employment, or any other thing of value, which he or she knows or has reason to believe is made or offered to him or her with the intent to influence him or her in the performance of his or her fiduciary duties to the University. 2. No fiduciary, who is a partner, officer, or employee of a partnership, firm, or corporation or who owns or controls a significant financial interest in such organization, shall represent, appear for, or negotiate on behalf of the University in connection with the acquisition or sale by CGU of any interest in real or personal property, tangible or intangible, to or from such partnership, firm, or corporation. 3. No fiduciary shall participate by discussion, voting, or by any other action taken by the Board of Trustees or any committee thereof, in the enactment of or defeat of a motion which relates to any transaction with any party referred to in paragraph 2 above. In case any such matter is discussed at any meeting where any fiduciary who has such an interest is present, he or she shall promptly disclose his or her interest in the matter to be voted on to the chairman of the meeting or the Vice President for Finance & Administration/Treasurer (VP/Treasurer) of CGU. He or she shall not vote on the matter and at the discretion of the disinterested members present may be required to leave such meeting. 4. In addition to the foregoing, all fiduciary personnel shall disclose to the VP/Treasurer the existence of any relationship that may be deemed a direct or indirect conflict of interest with Claremont Graduate University. For this purpose, a "direct or indirect conflict of interest" means: a) Any situation in which fiduciary personnel have or may be construed to have a direct or indirect personal or financial interest in any business affairs of the University, whether related to a proposed contract or transaction to which the University may be a party or may be considering or, b) Because of a similarity of business interests or affairs, it may be construed that the University is competing with the personal or financial interest of the fiduciary personnel. The Board Chairperson and VP/Treasurer monitor for conflict of interest throughout the calendar year. On an annual basis the VP/Treasurer polls all Board members and Senior Management personnel for conflict of interest in writing. The written disclosures are reviewed, and disclosed in accordance with the University's Conflict of Interest Policy. Form 990, Part VI, Section B, line 15a The Assistant Vice President for Human Resources collects and analyzes published compensation data from peer group institutions, local surveys, and the other members of the Claremont Colleges for the position of the President. This information is reviewed by the Vice President for Finance and Administration and then forwarded to the Board Chair, who also reviews the data. The Board Chair presents a recommendation of compensation for the President to the Board of Trustees for approval. After review and discussion, the Board of Trustees determines and approves compensation for the President. Minutes of the Committee meetings and the analyses are kept confidential, limited to the Board of Trustees, the president, Vice President for Finance and Administration, and the Assistant Vice President for Human Resources. The University employs the President via an employment contract approved by the Board of Trustees. The Assistant Vice President for Human Resources also collects and analyzes published compensation data from peer group institutions, local surveys, and the other members of the Claremont Colleges for each senior administrator and other key employee positions. The Vice President for Finance and Administration reviews the data. Then, it is forwarded to the President along with performance evaluations and salary recommendations. After review and discussion, compensation is determined and approved for each senior administrator and other key employees. Form 990, Part VI, Section C, line 19 CGU posts the governing bylaws, conflict of interest policy, and audited financial statements to the CGU website. Form 990, Part XI, line 9: Actuarial adjustment 268,903. Income from K-1s Adjustment to contributions received -15,000. CGU Student Housing LLC 150 E Tenth Street Claremont CA 91711 Student Housing CA 0 0 CGU The Claremont Colleges Inc 101 South Mills Avenue Claremont CA 91711 954786748 Provide academic and business services CA 501(c)(3) Line 12a, I N/A 0 Charitable Remainder Trusts (7) Holdings CA Claremont Graduate University 1 Pooled Income Funds (1) Holdings CA Claremont Graduate University 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0