2021-05-11T15:17:33-05:00 2020-06-30 910189318 Moss Adams LLP 3121 W March Ln Ste 200 Stockton CA 952192367 990 2019-07-01 951664100 Claremont Graduate University CLAR 9096218043 150 E Tenth Street Claremont CA 91711 Mia Alonzo Controller and Assistant VP 9096218043 2021-05-05 1 Tracy S Paglia P00366884 2099556100 2021-05-05 2019 2022-09-23 18:48:47Z Leonard Jessup 150 E Tenth Street Claremont CA 91711 228643160 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. 24 24 1130 250 776 0 9462750 21647854 56599715 61110570 10821513 -16302298 1044227 21331296 77928205 87787422 14106509 16052253 0 0 43606112 45349794 0 0 2058609 27350400 29838254 85063021 91240301 -7134816 -3452879 259027403 234154735 78984879 58504167 180042524 175650568 X 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. 0 0 77504977 16052253 61110570 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. 77504977 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 1 0 0 1 2153 0 1 1130 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 24 24 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 101 South Mills Ave Claremont CA 91711 Len Jessup President 40.00 3.00 X 504913 0 73215 Stewart Donaldson Faculty 40.00 0.00 X 357209 0 45599 Bernard Jaworski Faculty 40.00 0.00 X 329867 0 61665 Tiffany Berry Faculty 40.00 0.00 X 285454 0 55820 Jenny Darroch Dean 40.00 0.00 X 296445 0 39472 Patricia Easton EVP/Provost 40.00 2.00 X 268048 0 63308 Jacob Adams Former President (thru 06/18) 1.00 0.00 X 281139 0 49829 Leslie Negritto Vice President/Treasurer 40.00 2.00 X 267608 0 62586 Deborah Freund Faculty 40.00 0.00 X 275121 0 50289 Mia Alonzo Controller 4.00 20.00 X 0 163551 40148 Muskesh Aghi Chair, Information Technology 1.00 0.00 X X 0 0 0 Donald P Baker Chair, Trusteeship Committee 1.00 0.00 X X 0 0 0 Alfred Balitzer Trustee 0.50 0.00 X 0 0 0 Lorenzo di Bonaventura Chair, Academic Affairs 1.00 0.00 X X 0 0 0 Rudolph Estrada Vice Chair, Business & Finance 1.00 0.00 X X 0 0 0 Dallas E Haun III Trustee 0.50 0.00 X 0 0 0 Jeanne Holm Vice Chair, Information Technology Committee 1.00 0.00 X X 0 0 0 Tom Hsieh Chair, Business & Finance 1.00 0.00 X X 0 0 0 Mark Chapin Johnson Trustee 0.50 0.00 X 0 0 0 Machael J Johnston Trustee 0.50 0.00 X 0 0 0 Timothy J Kirley Board Chair; Chair Executive Committee 2.00 1.00 X X 0 0 0 Mohannad S Malas Trustee 1.00 0.00 X 0 0 0 Deron Marquez Trustee 0.50 0.00 X 0 0 0 Thomas J O'Donnell Trustee 0.50 0.00 X 0 0 0 Laila Pence Chair, Investments Committee 1.00 0.00 X X 0 0 0 Mashi Rahmani Trustee 1.00 0.00 X 0 0 0 Beverly P Ryder Vice Chair, Trusteeship Committee 1.00 0.00 X X 0 0 0 Jeffrey J Sherman Trustee 0.50 0.00 X 0 0 0 Elliot H Stein Jr Vice Chair, Investments Committee 1.00 0.00 X X 0 0 0 Carolyn Stephens Trustee 0.50 0.00 X 0 0 0 Gary Stiffelman Trustee 0.50 0.00 X 0 0 0 Larry Taylor Chair, Audit Committee 1.00 0.00 X X 0 0 0 Marshall W Taylor Trustee 0.50 0.00 X 0 0 0 Wen Chang Trustee 0.50 0.00 X 0 0 0 John W Bachmann Trustee (thru 10/19) 0.50 0.00 X 0 0 0 2865804 163551 541931 117 0 1 0 Institute of Art - New York LLC 570 Lexington Ave New York NY 10022 Administrative services 1481409 IDEO LP 150 Forest Avenue Palo Alto CA 94301 Design and consulting 1475000 Carbonfive Inc 585 Howard Street 2nd Floor San Francisco CA 94105 Digital development and design 589464 Noodle Partners Inc 860 Broadwav Floor 6 New York NY 10003 Online program design 407640 Sodexo Inc & Affiliates 146 E Foothill Blvd Claremont CA 91711 Management services 380683 17 527413 21120441 13892 21647854 Tuition and fees 900099 54328744 54328744 Auxiliary services 900099 2487123 2487123 Fed grants & contracts 900099 2349054 2349054 Drucker Institute 900099 1162381 1162381 Conference Revenue 900099 783268 783268 61110570 4550776 776 4550000 2689 2689 221268 86053 135215 135215 135215 77706611 42210000 75377667 65392018 2328944 -23182018 -20853074 -20853074 Bond Defeasance 900099 20217859 20217859 Other sources 900099 951511 951511 Transcript Fees 900099 24022 24022 21193392 87787422 61110570 776 5028222 16052253 16052253 1556338 854375 514453 187510 35374091 30449660 3749876 1174555 2725541 2339038 276016 110487 3515728 2981083 383973 150672 2178096 1843350 242065 92681 450589 435939 14650 575156 39798 535358 183269 17842 165427 477251 477251 6230673 6118432 62701 49540 793178 428463 300985 63730 1000366 550978 432112 17276 1908562 994831 821005 92726 4115916 3677102 382939 55875 1230204 1186609 21211 22384 375725 296972 66322 12431 2797585 2597674 199911 2159215 2002813 155409 993 276703 14295 262408 Payments to Affiliates 5245651 2700277 2522610 22764 Non Capital Equipment 89029 78365 6802 3862 Food and Housing 3838 3838 1925344 1840990 83231 1123 91240301 77504977 11676715 2058609 1427933 2369153 10398157 5010581 3337887 13447079 4425786 4687959 405518 245363 71874267 31204658 65375558 40669609 159762323 149575716 13511358 17670647 382883 478628 259027403 234154735 5972929 6239652 3843213 5011049 55925745 34066487 5983696 5983693 2474653 2343698 4784643 4859588 78984879 58504167 X 17030113 4744083 163012411 170906485 180042524 175650568 259027403 234154735 X -3452879 -634404 -304673 X 0 1 X 1 1 1 X 6109471 7159260 7186360 9462750 21647854 51565695 6109471 7159260 7186360 9462750 21647854 51565695 116888 51448807 2379038 3574971 2617668 4123519 4773957 17469153 17834 597 37 776 19244 1355892 1042839 624145 885233 21193392 25101501 94155593 241780991 0.54640 0.59650 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1666473 X 0 176783393 345488 -356687 214391 11212211 477251 164868341 177888386 240416 10708999 170141 11576138 308129 176783393 174726778 301315 14870010 120977 11472513 416227 177888386 162337463 563703 21086092 62847 8599669 597964 174726778 178172618 116013 -6940377 153980 8112376 744435 162337463 0.13900 0.70700 0.15400 1 0 53613 16024497 16078110 42028864 23931047 18097817 6068706 3310614 2758092 6198013 3962997 2235016 1500574 1500574 40669609 Limited partnerships - alternative assets 16751071 F Trust deed loans 403742 F Other assets 515834 F 17670647 Liability for staff retirement 3462243 Annuities payable 1148674 Government advances for student loan 248671 4859588 70816513 -634404 361518 -272886 71089399 477251 16220772 16698023 87787422 75192791 304737 304737 74888054 477251 15874996 16352247 91240301 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 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: Blais Foundation income included in financial statement 15,689. Actuarial adjustment 41,092. Rental expenses reclassified to Form 990, part VIII, line 6b 86,053. Adjustment for Payments to Affiliates 218,684. Part XI, Line 4b - Other Adjustments: Student financial aid 15,874,996. Income from K-1s 776. Distribution from Blais removed in consolidation 345,000. Part XII, Line 2d - Other Adjustments: Rental expenses reclassified to Form 990, part VIII, line 6b 86,053. Adjustment for Payments to Affiliates 218,684. Part XII, Line 4b - Other Adjustments: Student financial aid 15,874,996. 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 0 0 Investments 6053750 Europe 0 0 Investments 2076681 Sub-Saharan Africa 0 0 Program Services Educational programs focusing on multi-dimensional aspects of global experiences 58594 East Asia and the Pacific 0 0 Program Services Educational programs focusing on multi-dimensional aspects of global experiences 93000 North America 0 0 Program Services Educational programs focusing on multi-dimensional aspects of global experiences 128600 0 0 0 0 0 0 8410625 0 8410625 1 0 1 0 1 0 Part III Accounting Method: 1 Student Financial Aid 1469 16052253 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 0 1 0 0 0 0 0 0 0 Len Jessup President 454313 0 50000 0 600 0 60942 0 12273 0 578128 0 0 0 Stewart Donaldson Faculty 357209 0 0 0 0 0 30942 0 14657 0 402808 0 0 0 Bernard Jaworski Faculty 329867 0 0 0 0 0 49943 0 11722 0 391532 0 0 0 Tiffany Berry Faculty 285454 0 0 0 0 0 30742 0 25078 0 341274 0 0 0 Jenny Darroch Dean 295845 0 0 0 600 0 25537 0 13935 0 335917 0 0 0 Patricia Easton EVP/Provost 267448 0 0 0 600 0 49438 0 13870 0 331356 0 0 0 Jacob Adams Former President (thru 06/18) 281139 0 0 0 0 0 30942 0 18887 0 330968 0 0 0 Leslie Negritto Vice President/Treasurer 263508 0 0 0 4100 0 28107 0 34479 0 330194 0 0 0 Deborah Freund Faculty 275121 0 0 0 0 0 30942 0 19347 0 325410 0 0 0 Mia Alonzo Controller 0 163551 0 0 0 0 0 17713 0 22435 0 203699 0 0 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. CGU shall credit the 457(f) Plan with $30,000 per year at the end of each year of employment service from the President. Amounts will be unvested and will be contingent upon the completion by the President of five years of active employment service in the position of President in compliance with the agreement. 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 29721489 Refinance 2016 bonds 0 0 0 A 4675000 149600 90271 4435129 1 0 1 1 B 29721489 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 56 1 FMV X 6 13492 FMV X Food and beverages for events 2 398 FMV X IBM computer 1 1 FMV 0 0 1 0 Part I, Column (b): Number of contributions. 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 41,092. Income from K-1s -776. Earnings in Subsidiary -345,000. Rounding 11. CGU Student Housing LLC 150 E Tenth Street Claremont CA 91711 Student housing CA 2410870 427526 CGU The Claremont Colleges Inc 101 South Mills Ave Claremont CA 91711 954786748 Provide academic and business services CA 501(c)(3) Line 12a, I N/A 0 Blais Foundation 150 E Tenth Street Claremont CA 91711 954729463 Support of Claremont Graduate University CA 501(c)(3) Line 12a, I Claremont Graduate University 1 Charitable Remainder Trusts (4) Holdings CA Claremont Graduate University 1 Pooled Income Funds (4) Holdings CA Claremont Graduate University 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0 0 Blais Foundation C 345000 Book/Actual Value