2021-05-11T10:13:02-05:00 2020-06-30 910189318 Moss Adams LLP 3121 W March Ln Ste 200 Stockton CA 952192367 990 2019-07-01 951664123 Scripps College SCRI 9096218043 1030 Columbia Avenue Claremont CA 91711 Mia Alonzo Controller 9096070689 2021-05-05 1 Tracy S Paglia P00366884 2099556100 2021-05-05 2019 2022-09-23 18:48:47Z Larissa Tiedens 1030 Columbia Avenue Claremont CA 91711 449464149 0 X www.scrippscollege.edu X 1926 CA Scripps College ("Scripps") is an independent, liberal arts, undergraduate college for women. 36 35 1267 700 -1405370 -1419882 13327584 7741212 74599508 78371285 17550969 12794673 -474439 -290953 105003622 98616217 18169725 20541655 0 0 34795234 36689379 0 0 3661226 40247805 41071836 93212764 98302870 11790858 313347 612406669 617457507 99423479 101061536 512983190 516395971 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 83645378 20541655 78371285 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 1,080 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. 83645378 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 0 0 0 1 X 281 0 1 1267 1 1 1 1 CJ VI SW AS 0 0 0 0 0 0 0 0 0 0 X 36 35 0 0 1 0 0 1 0 1 1 0 0 0 1 1 1 1 1 1 0 0 CA X Mia Alonzo 9096218043 101 S Mills Avenue Claremont CA 91711 Larissa Tiedens President 40.00 1.00 X X 600983 0 202569 Dean Calvo VP/Business Affairs/Treasurer 40.00 0.00 X 306817 0 76416 Charlotte Johnson VP/Dean of Students 40.00 0.00 X 244567 0 85065 Binti Harvey VP Ext. Relations 40.00 0.00 X 283608 0 36591 Amy Marcus-Newhall VP/Dean of Faculty 40.00 0.00 X 282092 0 37823 Denise Nelson Nash VP/Secretary of the Board 40.00 0.00 X 238286 0 44542 Victoria Romero VP for Admissions 40.00 0.00 X 215162 0 36195 Diane Holmes AVP Business Affairs 40.00 0.00 X 190816 0 45150 Myriam Chancy Faculty 40.00 0.00 X 194579 0 31586 Enrique Gonzalez-Salgado AVP Philanthropy 40.00 0.00 X 179915 0 30982 Tseng Hao Huang Faculty 40.00 0.00 X 166728 0 42335 Mia Alonzo Controller 4.00 20.00 X 0 163551 40148 Jennifer Berklas AVP Human Capital & Risk Mgmt 40.00 0.00 X 167906 0 30240 Julia Liss Former Dean of Faculty/Faculty 40.00 0.00 X 145697 0 27924 Megan Callaway Former AVP Institutional Advancement 0.00 0.00 X 110710 0 0 Lynne Thompson Chair 4.00 2.00 X X 0 0 0 Laura Hockett Vice Chair 2.00 0.00 X X 0 0 0 Robert Sacks Co-Vice Chair 2.00 0.00 X X 0 0 0 Robert Breech Trustee 1.00 0.00 X 0 0 0 Mino Capossela Trustee 1.00 0.00 X 0 0 0 Ellen Clark Brown Trustee 2.00 0.00 X 0 0 0 Angelica Clark Trustee 2.00 0.00 X 0 0 0 Chalan Colby Trustee 1.00 0.00 X 0 0 0 Jamie Crouch Trustee 1.00 0.00 X 0 0 0 Juanita Nash-Dahlen Trustee 1.00 0.00 X 0 0 0 Deborah David Trustee 2.00 0.00 X 0 0 0 Libby DeMeo Trustee 2.00 0.00 X 0 0 0 Sneha Deo Trustee 2.00 0.00 X 0 0 0 Patricia Fechner Trustee 1.00 0.00 X 0 0 0 Mark Herron Trustee 2.00 0.00 X 0 0 0 Prisma Herrera Trustee 1.00 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 Christophe Jungels-Winkler Trustee 1.00 0.00 X 0 0 0 Nancy Katayama Trustee 1.00 0.00 X 0 0 0 David Lahar Trustee 2.00 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 Donna Neff Trustee 1.00 0.00 X 0 0 0 Liz Olson Trustee 1.00 0.00 X 0 0 0 Gale Picker Trustee 1.00 0.00 X 0 0 0 Dwandalyn Reece Trustee 1.00 0.00 X 0 0 0 Fran Scoble Trustee 2.00 0.00 X 0 0 0 Kalpana Singh Trustee 2.00 0.00 X 0 0 0 Claude Steele Trustee 1.00 0.00 X 0 0 0 Brooke Tomblin Trustee 1.00 0.00 X 0 0 0 Roxanne Wilson Trustee 2.00 0.00 X 0 0 0 Carolyn Wu Trustee 1.00 0.00 X 0 0 0 Katherine Wyble Trustee 1.00 0.00 X 0 0 0 Salle Yoo Trustee 2.00 0.00 X 0 0 0 3327866 163551 767566 63 1 1 0 Carrier Johnson 185 W F St Suite 500 San Diego CA 92101 Architect 3291940 Sodexo Inc 1000 El Camino Real Atherton CA 94027 Food Service 3108042 KAR Construction Inc 1306 W Brooks St Ontario CA 917623611 Construction 3083064 Brian R Bloom Architect 350 S Milliken Ave Suite G Ontario CA 917617844 Architect 790352 Cambridge Associates LLC 13528 Collection Center Dr Chicago IL 60693 Investment Management Services 744065 21 294770 7446442 1840552 7741212 Tuition, Room & Board 611600 75319727 75319727 Fed Grants & Contracts 611600 791892 791892 Co-Curricular Op. 611600 204162 204162 Summer Programs 611600 5393 5393 2050111 2050111 78371285 1898891 -1405370 3304261 4272 4272 319184 626239 -307055 -307055 -307055 361103728 350207946 10895782 10895782 10895782 25577 13747 11830 11830 98616217 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17910477 13810175 4100302 161197529 Growth oriented hedge funds 18161247 F Diversifying hedge funds 36457041 F Private equity 126733222 F Other assets 632194 C 181983704 Life income and annuities payable 3488930 Government advances for student loans 206139 Asset retirement obligation 1110559 4805628 X 80769582 683961 3055459 3739420 77030162 1871869 19714186 21586055 98616217 77356801 639986 639986 76716815 1871869 19714186 21586055 98302870 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. 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: Scripps 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 4.7% and 4.8% to the twenty-quarter average market value of pooled investments for the years ended June 30, 2020 and 2019, respectively. 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, 2020 and 2019. The College has no unrecognized tax benefits as of June 30, 2020 and 2019. Part XI, Line 2d - Other Adjustments: Unrelated Business Loss from Alternative Investments 1,405,370. Actuarial Adjustment of Annuity and Life Income Liabilities 1,377,068. Rental Expense 626,239. Cost of Goods Sold 13,747. Loss on contribution receivable -366,965. Part XI, Line 4b - Other Adjustments: Student Financial Aid 19,714,186. Part XII, Line 2d - Other Adjustments: Rental Expense 626,239. Cost of Goods Sold 13,747. Part XII, Line 4b - Other Adjustments: Student Financial Aid 19,714,186. 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 122834058 Europe 0 0 Investments 2315052 East Asia and the Pacific 0 0 Investments 1107376 0 0 0 0 0 0 126256486 0 126256486 1 0 1 1 1 0 Part I, line 3: Accrual Method Part III Accounting Method: 1 Student Financial Aid 579 19714186 SEOG 45 173924 Other Awards 1276 653545 Part I, Line 2: Use of grant funds is monitored through student financial aid and billing process. X X X 1 1 X X X X X 1 1 0 0 0 0 0 0 0 Larissa Tiedens President 596450 0 0 0 4533 0 117600 0 84969 0 803552 0 0 0 Dean Calvo VP/Business Affairs/Treasurer 306817 0 0 0 0 0 33600 0 42816 0 383233 0 0 0 Charlotte Johnson VP/Dean of Students 244567 0 0 0 0 0 29714 0 55351 0 329632 0 0 0 Binti Harvey VP Ext. Relations 283608 0 0 0 0 0 33600 0 2991 0 320199 0 0 0 Amy Marcus-Newhall VP/Dean of Faculty 282050 0 42 0 0 0 33600 0 4223 0 319915 0 0 0 Denise Nelson Nash VP/Secretary of the Board 238079 0 207 0 0 0 28629 0 15913 0 282828 0 0 0 Victoria Romero VP for Admissions 215162 0 0 0 0 0 26056 0 10139 0 251357 0 0 0 Diane Holmes AVP Business Affairs 190228 0 588 0 0 0 23551 0 21599 0 235966 0 0 0 Myriam Chancy Faculty 184079 0 0 0 10500 0 23435 0 8151 0 226165 0 0 0 Enrique Gonzalez-Salgado AVP Philanthropy 179915 0 0 0 0 0 21870 0 9112 0 210897 0 0 0 Tseng Hao Huang Faculty 147220 0 0 0 19508 0 19852 0 22483 0 209063 0 0 0 Mia Alonzo Controller 0 163551 0 0 0 0 0 17713 0 22435 0 203699 0 0 Jennifer Berklas AVP Human Capital & Risk Mgmt 167906 0 0 0 0 0 20353 0 9887 0 198146 0 0 0 Julia Liss Former Dean of Faculty/Faculty 145697 0 0 0 0 0 18139 0 9785 0 173621 0 0 0 Megan Callaway Former AVP Institutional Advancement 0 0 0 0 110710 0 0 0 0 0 110710 0 0 0 Part I, Line 1a The President's written contract includes housing as a condition of employment. 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 are performed in the private use portion of the residence, therefore, the value of the services is not included in taxable compensation. The President's written contract allows for first-class travel when travelling during off-peak hours or foregoing a one-night hotel stay. The value of first-class travel was not included in taxable compensation. Part I, Lines 4a-b Former Assistant Vice President of Institutional Advancement, Megan Callaway, received a severance payment of $110,710 during 2019. The agreement is subject to a confidentiality clause; details will be provided to the IRS upon request. President Larissa Tiedens participated in a supplemental non-qualified retirement plan. A contribution of $84,000 was made during the 2018-2019 plan year. A California Municipal Finance Authority 201563466 000000000 2017-10-25 90000000 Financing and refinancing 0 0 0 A 5466187 89640000 239833 13957484 75442683 2017 1 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 Schedule K, part I, line A, column (f): Description of Purpose: Financing and refinancing the acquisition, construction, improvement, rehabilitation, renovation, and equipping of certain educational facilities. Schedule K, Part II, Line 3 The difference is due to bond discount. X 17 10016 FMV X 24 1817186 FMV X 1 13350 3 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 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 4 The College amended the Bylaws for the following: - increased the upper limit of authorized number of trustees to 40 and include three ex-officio trustees (President, ALC President, SAF Chair), two Alumna Trustees, and two Recent Graduate Trustees in the total number of trustees - revised to implement restructuring of Recent Graduate Trustee (RGT) process: two RGTs (from 0-5 years from graduation) are selected by the Alumnae Association for staggered three-year non-renewable terms - clarify that the Chair nominates Vice Chairs for board approval - clarify that the President may recommend to the Board that an officer be removed - conformed appointment reference for the process for faculty appointments - revised to clarify that the Vice President serving as active President has all responsibilities of the office, but is limited to certain leaves of absence and incapacitation of the President - clarify that the faculty determines the voting rights of faculty members 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. The 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, Assistant Controller, Budget Financial Analyst, Associate Vice President for Business Affairs/Assistant Treasurer and Senior Accountant. After this review and any resulting changes are complete, the Trustees for questions and comments in mid-April. Once questions and comments from the Audit, Risk, and Compliance Committee are fielded and issues resolved, the Audit, Risk, and Compliance 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 15a 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 review of compensation of the 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 Loss from Alternative Investments 1,405,370. Actuarial Adjustment of Annuity and Life Income Liabilities 1,377,068. Loss on Contribution Receivable -366,965. 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 0 1 0.50000 Charitable Remainder Unitrusts (2) Holding Co CA Scripps College 1 Pooled Income Funds (1) Holding Co CA Scripps College 1 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 1 0 0 0