2022-05-10T14:30:43-05:00 2021-06-30 910189318 Moss Adams LLP 3121 W March Ln Ste 200 Stockton CA 952192367 990 2020-07-01 951911219 Harvey Mudd College HARV 9096218043 301 Platt Boulevard Claremont CA 91711 Mia Alonzo Controller and Assistant VP 9096218043 2022-05-04 1 Mia Alonzo 999009999 Tracy S Paglia P00366884 2099556100 2022-05-04 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z Maria Klawe 301 Platt Boulevard Claremont CA 91711 158288969 0 X www.hmc.edu X 1955 CA HMC is one of the premier math, science and engineering liberal arts colleges in the nation. 45 43 1078 619 0 0 10832660 13425141 69411207 52079140 11822822 12155029 98063 72470 92164752 77731780 20743376 14783456 0 0 43056620 39456505 0 0 3131902 29885747 23926876 93685743 78166837 -1520991 -435057 530392219 659151438 79952350 83229174 450439869 575922264 HMC seeks to educate engineers, scientists, and mathematicians well versed in all of these areas and in the humanities, social sciences and the arts so that they may assume leadership in their fields with a clear understanding of the impact of their work on society. 0 0 68029726 14783456 52079140 All program services relate to undergraduate education, full time equivalent enrollment of approximately 900 students. 68029726 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 0 1 0 1 0 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 0 0 0 1 1373 0 1 1078 1 0 0 0 0 0 0 0 0 0 0 0 0 X 45 43 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X Mia Alonzo 9096218043 101 S Mills Ave Claremont CA 91711 Maria M Klawe President 50.00 1.00 X X 675818 0 89680 Andrew Dorantes - VP Chief Operating Officer/Treasurer 50.00 2.00 X 350499 0 92839 Hieu Nguyen VP for Advancement 50.00 X 306348 0 57971 Lisa Sullivan - VP for Academic Affairs & Dean of Faculty 50.00 X 262918 0 84314 Anna Gonzalez - VP for Student Affairs/Dean of Faculty 50.00 X 268838 0 42987 Ran Liberskind-Hadas Faculty 40.00 X 220284 0 84620 Joseph Vaughan - Chief Information Officer/VP of Comput & Info Serv 50.00 X 232734 0 53078 Thyra Briggs - VP for Admission and Financial Aid 50.00 X 236687 0 44856 Jon Jacobsen - Faculty Former VP & Dean of Faculty 40.00 X 187919 0 82709 Robert Cave Faculty 40.00 X 211259 0 54910 Bill Daub Faculty 40.00 X 203227 0 58591 Nicholas Pippenger Faculty 40.00 X 209420 0 36527 Jeffrey Groves - Faculty Former VP & Dean of Faculty 40.00 X 203069 0 33538 Timothy Hussey - Chief Communicatio Officer/Asst Secr to the Board 40.00 X 186343 0 39501 Mia Alonzo Asst VP/Controller 4.00 20.00 X 0 173190 35161 Karen Angemi Secretary to the Board 50.00 X 123740 0 62607 James C Bean Chairman of the Board 1.00 1.00 X X 0 0 0 Jocelyn Goldfein Vice Chairman of the Board 1.00 X X 0 0 0 Kevin M Schofield Vice Chairman of the Board 1.00 X X 0 0 0 R Miller Adams Trustee 1.00 X 0 0 0 Antonio Alvarez Trustee 1.00 X 0 0 0 Rachel Donahue Beda Trustee 1.00 X 0 0 0 John M Benediktsson Trustee 1.00 X 0 0 0 Michael W Blasgen Trustee 1.00 X 0 0 0 Vicky Colf Trustee 1.00 X 0 0 0 Joseph Connolly Trustee 1.00 X 0 0 0 Michael Curtis Trustee 1.00 X 0 0 0 Bruce L DePriester Trustee 1.00 X 0 0 0 Howard C Deshong III Trustee 1.00 X 0 0 0 Marie Ekeland Trustee 1.00 X 0 0 0 Jason Fennell Trustee 1.00 X 0 0 0 Matthew Ferri Trustee 1.00 X 0 0 0 Kathleen Fisher Trustee 1.00 X 0 0 0 Scott Fraser Trustee 1.00 X 0 0 0 Laurie Girand Trustee 1.00 X 0 0 0 Murray Goldberg Trustee 1.00 X 0 0 0 Robert Gould Trustee 1.00 X 0 0 0 Shamit Grover Trustee 1.00 X 0 0 0 Mar Hershenson Trustee 1.00 X 0 0 0 Robert Hulse Trustee 1.00 X 0 0 0 Julie St John Trustee 1.00 X 0 0 0 Josh Jones Trustee 1.00 X 0 0 0 Oliver Kwan Trustee 1.00 X 0 0 0 Laura P Larson Trustee 1.00 X 0 0 0 Albert Lee Trustee 1.00 X 0 0 0 Allan Leinwand Trustee 1.00 X 0 0 0 Sheldon Logan Trustee 1.00 X 0 0 0 Tyler Mingst Trustee 1.00 X 0 0 0 Sergio Monsalve Trustee 1.00 X 0 0 0 Karen Morrisson Trustee 1.00 X 0 0 0 Nat Natarajan Trustee 1.00 X 0 0 0 Shaun Pacheco Trustee 1.00 X 0 0 0 Jessica Parisi Trustee 1.00 X 0 0 0 Autumn Preskill Trustee 1.00 X 0 0 0 Susan Saideman Trustee 1.00 X 0 0 0 Michael P Schubmehl Trustee 1.00 X 0 0 0 Ramona Sequeria Trustee 1.00 X 0 0 0 David Sonner Trustee 1.00 X 0 0 0 Yvonne Wassenaar Trustee 1.00 X 0 0 0 Michael G Wilson Trustee 1.00 X 0 0 0 Bruce W Worster Trustee 1.00 X 0 0 0 Lindsay Wray Trustee 1.00 X 0 0 0 Susan Wu Trustee 1.00 X 0 0 0 Edward Zimmerman Trustee 1.00 X 0 0 0 3879103 173190 953889 114 1 1 0 DPR Construction 4665 MacArthur Court Ste 100 Newport Beach CA 92660 Construction 20177203 Sodexo Inc 1000 El Camino Real Atherton CA 94027 Food Service 1058882 Steinberg Hart 818 W 7th Street Ste 1100 Los Angeles CA 90017 Architect 618090 SmithGroup Inc 550 South Hope Ste 1950 Los Angeles CA 90071 Architect 238000 Tovey Shultz Construction Inc 18261 Collier Ave Unit A Lake Elsinore CA 925302755 Construction 169590 9 3011276 10413865 552148 13425141 Tuition, Room & Board 611600 48753630 48753630 Private Contracts 611600 1580500 1580500 Fed Grants & Contracts 611600 1563556 1563556 Conferences & Other Program Servi 611600 12592 12592 168862 168862 52079140 4797042 4797042 2384 2384 70086 0 70086 70086 70086 87915176 80557189 7357987 7357987 7357987 77731780 52079140 0 12227499 13972626 13972626 810830 810830 3267795 1866373 826193 575229 695549 695549 25920432 23129532 1229805 1561095 2986383 2630158 153149 203076 4597451 4041864 215962 339625 1988895 1712873 127026 148996 187906 187028 878 165300 165300 1099391 1099391 1848655 1744604 90791 13260 152627 86603 10785 55239 1339064 999153 294435 45476 947394 634619 228312 84463 1767965 1512268 215696 40001 216972 145995 63083 7894 95142 83594 5348 6200 1881157 1842188 38969 489363 88185 395597 5581 4969952 4911239 58378 335 313394 100 313294 Related organizations a 5441190 4348578 1082504 10108 Building Repair 871512 755616 92307 23589 Noncapitalized equipmen 773695 661405 109940 2350 Food and housing 228948 228948 1137249 1126826 1916 8507 78166837 68029726 7005209 3131902 1550027 1285925 47116608 41731739 14962856 12247276 1143819 755674 264357 255114 229195636 81255406 135222780 147940230 328002493 453337355 19655 0 2109624 1598125 530392219 659151438 10076709 8683015 1931732 1211812 6550001 12917094 889366 1120559 52831123 51902771 7673419 7393923 79952350 83229174 X 154841194 194254075 295598675 381668189 450439869 575922264 530392219 659151438 X -435057 124166604 1750848 X 0 1 X 1 1 1 X 11910843 19520806 13152110 10792726 13425141 68801626 11910843 19520806 13152110 10792726 13425141 68801626 8734068 60067558 4451070 4979908 9855711 4132505 4869512 28288706 97090332 316922841 0.61870 0.58570 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 321389453 3930891 134836315 3059939 12612545 444484175 330509442 1918750 4569257 3017900 12590096 321389453 320383838 7332586 17752255 2868047 12091190 330509442 303342937 692670 31005610 2803723 11853656 320383838 276951173 4865791 35988718 2800516 11662229 303342937 0.20860 0.35980 0.43160 0 1 1 11413951 11413951 1900000 195086183 65876174 131110009 14821364 12344397 2476967 5974138 3034835 2939303 147940230 Annuities Payable 4159942 Government Advances/Student Loans 1442520 Asset Retirement Obligation 1791461 7393923 187806319 124166604 1790782 125957386 61848933 1099391 14783456 15882847 77731780 62323924 39934 39934 62283990 1099391 14783456 15882847 78166837 Part IV, Line 2b: Funds held in trust for others totaled approximately $1,121,000 and $889,000 at June 30, 2021 and June 30, 2020, respectively. These amounts represent other Claremont College funds and third-party remainder interests held in trust by the College. Part V, Line 4: Perpetual endowments are subject to the restrictions of gift instruments requiring in perpetuity that the principal be invested and the income only be utilized as provided under the California Uniform Prudent Management of Institutional Funds Act (UPMIFA). While funds have been established by the Board of Trustees to function as endowment, any portion of such funds may be expended. Part XI, Line 2d - Other Adjustments: Actuarial Adjustment 1,790,782. Part XI, Line 4b - Other Adjustments: Student Financial Aid 14,783,456. Part XII, Line 4b - Other Adjustments: Student Financial Aid 14,783,456. 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 racial nondiscrimination policy is stated in brochures, the college catalog, and is available on the college website. Schedule E, Part I, Line 6 Harvey Mudd College participates in the Pell grant, Supplemental Educational Opportunity Grant, College Work-Study, and Perkins Loan programs. 1 East Asia and the Pacific 0 0 Grants to recipients located in region 73850 Europe 0 0 Grants to recipients located in region 61418 Middle East and North Africa 0 0 Grants to recipients located in region 65544 North America 0 0 Grants to recipients located in region 535852 South Asia 0 0 Grants to recipients located in region 20000 Sub-Saharan Africa 0 0 Grants to recipients located in region 54166 0 0 0 0 0 0 810830 0 810830 Harvey S. Mudd Merit Award, Scripps Music, and Outside Scholarships East Asia and the Pacific 3 73850 Application to student account Harvey Mudd Scholarship Europe 1 61418 Application to student account Harvey Mudd Scholarship and Outside Scholarship Midde East and North Africa 1 65544 Application to student account Harvey Mudd Scholarship, Harvey S. Mudd Merit Award, Scripps Music, and Outside Scholarships North America 13 535852 Application to student account Grover/McManus-HMC Merit Award South Asia 2 20000 Application to student account Harvey Mudd Scholarship Sub-Saharan Africa 1 54166 Application to student account 0 0 0 0 0 0 Part I, Line 2: The use of grant funds is monitored through the student financial aid and billing process. Part I, line 3: Accrual method Part III, Col (c): The number of recipients are determined by student records. Part III Accounting Method: 1 Student Financial Aid 498 13972626 Part I, Line 2: The use of grant funds is monitored through the student financial aid and billing process. X X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Maria M Klawe President 668781 0 0 0 7037 0 34200 0 55480 0 765498 0 0 0 Andrew Dorantes - VP Chief Operating Officer/Treasurer 348442 0 0 0 2057 0 34200 0 58639 0 443338 0 0 0 Hieu Nguyen VP for Advancement 306348 0 0 0 0 0 34200 0 23771 0 364319 0 0 0 Lisa Sullivan - VP for Academic Affairs & Dean of Faculty 194318 0 0 0 68600 0 32790 0 51524 0 347232 0 0 0 Anna Gonzalez - VP for Student Affairs/Dean of Faculty 253488 0 0 0 15350 0 30615 0 12372 0 311825 0 0 0 Ran Liberskind-Hadas Faculty 169178 0 0 0 51106 0 28099 0 56521 0 304904 0 0 0 Joseph Vaughan - Chief Information Officer/VP of Comput & Info Serv 232734 0 0 0 0 0 29040 0 24038 0 285812 0 0 0 Thyra Briggs - VP for Admission and Financial Aid 231416 0 0 0 5271 0 28320 0 16536 0 281543 0 0 0 Jon Jacobsen - Faculty Former VP & Dean of Faculty 150908 0 0 0 37011 0 24553 0 58156 0 270628 0 0 0 Robert Cave Faculty 180020 0 0 0 31239 0 26300 0 28610 0 266169 0 0 0 Bill Daub Faculty 171887 0 94 0 31246 0 25833 0 32758 0 261818 0 0 0 Nicholas Pippenger Faculty 209070 0 0 0 350 0 25191 0 11336 0 245947 0 0 0 Jeffrey Groves - Faculty Former VP & Dean of Faculty 202719 0 0 0 350 0 24594 0 8944 0 236607 0 0 0 Timothy Hussey - Chief Communicatio Officer/Asst Secr to the Board 185573 0 0 0 770 0 22800 0 16701 0 225844 0 0 0 Mia Alonzo Asst VP/Controller 0 173190 0 0 0 0 0 12000 0 23161 0 208351 0 0 Karen Angemi Secretary to the Board 123410 0 0 0 330 0 15600 0 47007 0 186347 0 0 0 Part I, Line 1a - First Class Travel - The President is authorized to travel in business/first class when flying on Harvey Mudd business. - Travel for companions - With prior approval from the Chairman of the Board of Trustees, the Institution paid for bona fide business related travel expenses for the President's spouse, who is also an employee of the institution. There was no travel during the tax year. - Housing allowance or residence for personal use - The institution provides lodging for the President and family in institution owned property for the convenience of the employer. The institution provides housing down payment assistance to new faculty and senior staff members. - Personal services - The institution provides cleaning services to the President's house 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. The institution also pays for phone and cable service to this campus building. These benefits are not included in taxable compensation. A California Municipal Finance Authority 201563466 000000000 2019-02-28 12967500 See Part VI 0 0 0 A 82907 12967500 17501 12949999 0 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 0 0 0 0 1 A 1 Schedule K, Supplemental Information: Part I, Column (f), Line C: For the purpose of financing the acquisitions, construction, improvement, renovation and equipping of certain educational facilities. Nicholas Pippenger Family Member of Maria Klawe, President 257403 Employment 0 Alexandria Schofield Family member of Kevin Schofield 159595 Employment 0 X 41 548972 FMV X Lab Equipment 4 3176 FMV 0 0 1 0 Part I, Column (b): The College is reporting the number of contributors in column (b). Form 990, Part VI, Section A, line 1 The Executive Committee is composed of the Chair of the Board, the Chair and Vice Chairs, if any, of the Executive Committee, all Vice Chairs of the Board; the Chairs of all Standing Committees; and the President of the College. Subject to Section 2 of Article IV, the Chair of the Board, after consultation with the President, the Chair of the Executive Committee, the Vice Chair(s) of the Board, and the Chair and Vice Chair of the Board Affairs Committee, may appoint members at large of the Executive Committee. Subject to limitations contained in California Corporations Code Section 5212(a) and additional limitations contained in the Harvey Mudd College Bylaws, when the Harvey Mudd College Board of Trustees is not in session, the Executive Committee has the authority of the Board of Trustees. Form 990, Part VI, Section B, line 11b HMC 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. HMC has engaged an outside accounting firm to prepare the Form 990 using information provided by the Office of Financial Services, the Office of Human Resources, and the Business Affairs Office (BAO), and changes are made as needed. Once a revised draft is available, it is reviewed by the Controller, Associate VP for BAO, Assistant Controller, Director of Budget and Finance, and the Vice President for Administration and Finance/Treasurer. After this review and any resulting changes are complete, the revised draft is provided to members of the HMC Audit Committee for questions and comments. Once questions and comments from the Audit Committee are fielded and issues resolved, the Audit Committee accepts the Form 990 and the Form 990 is provided to all voting members of the Board of Trustees prior to filing. Form 990, Part VI, Section B, line 12c Conflict of Interest Policy Compliance: STAFF: College employees who are directly or indirectly involved in purchasing or other financial transactions involving the College are required, on an annual basis, to complete and submit a Conflict of Interest Staff Disclosure Form for his or her supervisor's review. SUPERVISORS: - On an annual basis, supervisors review the policies related to Conflict of Interest and specifically Purchasing and Contracts, Gifts and Gratuities, Employment of Relatives, and Consulting and Outside Activities with all staff who report to them; - obtain and review disclosure forms from those who are required to complete them for possible conflicts; - review forms for completeness and, where necessary, take any follow up action that is appropriate. If there is a conflict of interest or the appearance of one, the supervisor reviews the disclosure form with the staff member and/or refers the situation to the appropriate Cabinet Member. If the situation warrants, the Cabinet Member will confer with the Human Resources Office. OFFICERS/BOARD OF TRUSTEES: Each trustee and officer annually completes and executes a Declaration, which affirms that such person has received a copy of the Conflict of Interest Policy, has read and understands the Policy, and has agreed to comply with the Policy. Annual Declarations are submitted to the Secretary of the Board of Trustees, who compiles the data and reports the results to the Board Executive Committee through the Audit Committee. A trustee or officer discloses through the Declaration form the existence of any financial or other interest, which could give rise to a conflict of interest. Disclosures of actual or potential conflicts of interest made by any trustee are referred to the Board Executive Committee (Committee). Any action taken by the Committee regarding conflicts of interest requires approval by the Board of Trustees. Disclosure of actual or potential conflicts of interest by any officer (who is not a trustee) is delegated to the President of the College, who reviews the final determination with the Chair of the Board of Trustees before any action is taken. Trustee recuse themselves on votes if there is a conflict of interest. Form 990, Part VI, Section B, line 15 The Trustee Compensation Committee utilizes benchmark salary data from comparable higher education institution groups for the executive management positions of President, Vice Presidents, officers, key employees, and disqualified individuals. Compensation data is gathered of peer group institutions, which is available from subscribed survey data sources. The salary medians of the comparable education institution groups will inform the committee and be used as guides. The committee will also review salary in relation to local and national inflation measures, individual performance, as evidenced by the annual written performance evaluations, and the individual's length of service in the position. Detailed analyzed data is presented to the committee for review and discussion. After review and discussion of report results, performance evaluations, and any requested additional clarification, the committee, in executive session with the President and Board Secretary, determines salary increases for Vice Presidents and others. The Board Secretary is excused and the committee determines the Board Secretary's salary increase. The President is excused from the meeting and the committee develops a recommendation to the Board of Trustees for the President's salary increase. Minutes of the committee and the analyses are kept in confidentiality limited to the committee, President, Board Secretary, Vice President for Administration and Finance/Treasurer, and Director of Human Resources. The Director of Human Resources retains the minutes analyses as documentation of the process. The committee presents its report on the President's recommended salary increase to the Board of Trustees during the May board meeting. The Board of Trustees carefully consider the recommendation and the analysis performed by the Compensation Committee prior to approving the President's salary increase. Form 990, Part VI, Section C, line 19 - Financial statements are available on Harvey Mudd College's website. - Conflict of interest policy is available to the public upon request. - Governing documents are not made available to the public. Form 990, Part XI, line 9: Actuarial Adjustment 1,790,782. Loss on contribution receivable -39,934. The Claremont Colleges 101 South Mills Ave Claremont CA 91711 954786748 Provide academic and business services CA 501(c)(3) Line 12a, I N/A 0 Claremont Investment Fund 500 E 9th Street Claremont CA 91711 823049880 Supporting Organization CA 501(c)(3) Line 12a, I Claremont McKenna College 0 Claremont Investment Management Company 500 E 9th Street Claremont CA 91711 823028605 Supporting Organization CA 501(c)(3) Line 12a, I Claremont McKenna College 0 Charitable Remainder Unitrusts (8) Holding CA N/A T 1 Pooled Income Fund (1) Holding CA N/A T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0