2020-05-15T19:51:31-05:00 2019-06-30 910189318 Moss Adams LLP 3121 W March Ln Ste 200 Stockton CA 952192367 990 2018-07-01 951664100 Claremont Graduate University CLAR 9096218043 150 E Tenth Street Claremont CA 91711 Mia Alonzo Controller and Assistant VP 9096218043 2020-05-13 1 Tracy S Paglia P00366884 2099556100 2020-05-13 172.90.17.200 2020-05-13 18:53:16 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 45A0DEE88EBA5BC01B2D6E064F66B43F0304238A 2018 2020-09-23 17:36:50Z Leonard Jessup 150 E Tenth Street Claremont CA 91711 232978641 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 1144 250 655 0 7186360 9462750 56645637 56599715 24372795 10821513 778593 1044227 88983385 77928205 11916807 14106509 0 0 42940475 43606112 0 0 2097224 26494250 27350400 81351532 85063021 7631853 -7134816 261080638 259027403 73247965 78984879 187832673 180042524 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 72286090 14106509 56599715 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. 72286090 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 1 0 0 0 1 1 0 0 1 1 1 1 0 0 1 2114 0 1 1144 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 Marshall Taylor Trustee 0.50 X 0 0 0 Laila Pence Trustee 0.50 X 0 0 0 Mark Johnson Trustee 0.50 X 0 0 0 John Bachmann Trustee 0.50 X 0 0 0 Alfred Balitzer Trustee 0.50 X 0 0 0 Thomas O'Donnell Trustee 0.50 X 0 0 0 Mohannad Malas Trustee 0.50 X 0 0 0 Wen Chang Trustee 0.50 X 0 0 0 Jeanne Holm Trustee 0.50 X 0 0 0 Tom Hsieh Trustee 0.50 X 0 0 0 Deron Marquez PhD Trustee 0.50 X 0 0 0 Gary Stiffelman Trustee 0.50 X 0 0 0 Ernest Maldonado Trustee (thru 08/18) 0.50 X 0 0 0 Emile Haddad Trustee (thru 08/18) 0.50 X 0 0 0 Virgil Roberts Trustee (thru 06/19) 0.50 X 0 0 0 John Pritzlaff Trustee (thru 06/19) 0.50 X 0 0 0 Mukesh Aghi Trustee/Chair, IT 1.00 X X 0 0 0 Megan Scott-Kakures Trustee/Audit Chair 1.00 X X 0 0 0 Tim Kirley Trustee/Board Chair/Chair Strategic Planning Commi 1.00 1.00 X X 0 0 0 Donald Baker Trustee/Facilities & Infra. Chair 1.00 X X 0 0 0 Beverly Ryder Trustee/Trusteeship Chair 1.00 X X 0 0 0 Elliot Stein Trustee/Investments Chair 1.00 X X 0 0 0 Larry Taylor Trustee/Chair, Audit Committee 1.00 X X 0 0 0 Mashi Rahmani Trustee/Chair, Advancement 1.00 X X 0 0 0 Michael Johnston Trustee/Chair, Business & Finance 1.00 X X 0 0 0 Lorenzo Di Bonaventura Trustee/Chair, Academic Affairs 1.00 X X 0 0 0 Leonard Jessup President (from 07/18) 40.00 2.00 X 260389 0 92279 Mia Alonzo Controller 4.00 20.00 X 0 150218 40846 Patricia Easton EVP/Provost 40.00 1.00 X 267326 0 69001 Leslie Negritto Vice President/Treasurer 40.00 2.00 X 253513 0 49824 Jenny Darroch Dean 40.00 X 296445 0 51038 Jacob Adams Former Pres. (thru 06/18) 1.00 0.00 X 369287 0 77977 Robert Klitgaard Faculty 40.00 X 250539 0 70163 Stewart Donaldson Faculty 40.00 X 346423 0 52337 Deborah Freund Faculty 40.00 X 273102 0 56036 Bernard Jaworski Faculty/Former Dean 40.00 X 357563 0 86847 Ernie Iseminger Former VP Advancement (thru 02/18) 0.00 X 145793 0 20513 Carl Johnson Faculty/Former Dean 40.00 X 261824 0 49570 3082204 150218 716431 98 1 1 0 Sodexo Inc & Affiliates 500 Ross Street 154-045 Pittsburgh PA 152620001 Management 459557 IDEO LP 150 Forest Avenue Palo Alto CA 94301 Design and Consulting 450000 Lawrence Allan Crosby 105 Cabins LN Telluride CO 81435 Consulting 311495 Epstein Becker & Green PC 250 Park Ave New York NY 10177 Legal 246628 New Providence Asset Management LP 570 Lexington Avenue- 5th Floor New York NY 10022 Investment Management 226498 13 447735 284080 8730935 178125 9462750 Tuition and fees 900099 49418957 49418957 Auxiliary services 900099 2767229 2767229 Fed grants & contracts 900099 2455688 2455688 Conference Revenue 900099 1150580 1150580 Drucker Institute 900099 807261 807261 56599715 3877326 655 3876671 4680 4680 242168 87854 154314 154314 154314 161906769 154962582 6944187 6944187 6944187 Other sources 900099 857586 857586 Transcript Fees 900099 27647 27647 885233 77928205 56599715 655 11865085 14106509 14106509 1970175 1196998 534956 238221 33829001 29106718 3643016 1079267 2554464 2185198 276332 92934 3130531 2629808 379101 121622 2121941 1781772 252918 87251 575693 537622 37696 375 496202 158414 337788 174109 30546 143563 308218 308218 4589448 4539042 50406 671883 345818 274924 51141 1014081 973361 40720 1791342 872868 817918 100556 4325525 3848380 410700 66445 1809364 1783552 12942 12870 617042 372983 114049 130010 2601045 2411938 189107 5351958 2941857 2390370 19731 2109386 1956700 151672 1014 248655 888 247759 8 Food and Housing 19597 19597 Non Capital Equipment 8273 7227 302 744 638579 478294 156376 3909 85063021 72286090 10679707 2097224 3357069 1427933 20934711 10398157 3410935 3337887 2887962 4425786 20734 0 2960852 3294971 103685441 38309883 66281619 65375558 132493597 130806358 27276350 38701567 597140 382883 859669 876303 261080638 259027403 6609333 5972929 1953407 3843213 57156188 55925745 5983696 2600000 2474653 4929037 4784643 73247965 78984879 X 23072253 17030113 42570020 39953797 122190400 123058614 187832673 180042524 261080638 259027403 X -7134816 -271279 -384054 X 0 1 X 1 1 1 X 10926085 6109471 7159260 7186360 9462750 40843926 10926085 6109471 7159260 7186360 9462750 40843926 4792554 36051372 2421186 2379038 3574971 2617668 4123519 15116382 24230 17834 597 37 42698 525057 1355892 1042839 624145 885233 4433166 60436172 297256693 0.59650 0.60680 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 90000 1666473 X 0 177888386 240416 10708999 -170141 11576138 308129 177123675 174726778 301315 14870010 120977 11472513 416227 177888386 162337463 563703 21086092 62847 8599669 597964 174726778 178172618 116013 -6940377 153980 8112376 744435 162337463 180967463 251616 5630095 189204 7692588 794764 178172618 0.17200 0.65300 0.17500 1 0 53613 16024497 16078110 73304995 30862376 42442619 6068706 3212111 2856595 6236838 4235396 2001442 1996792 1996792 65375558 Limited partnerships - alternative assets 37738792 F Trust deed loans 430919 F Other assets 531856 F 38701567 Liability for staff retirement 3219762 Annuities payable 1308847 Government advances for student loan 256034 4784643 64460156 -271279 173594 -97685 64557841 308129 13062235 13370364 77928205 72126166 87854 87854 72038312 308129 12716580 13024709 85063021 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 469,139. Actuarial adjustment 202,715. Adjustment to contributions received -604,950. Rental expenses reclassified to Form 990, part VIII, line 6b 87,854. Comprehensive Pension Gain 18,836. Part XI, Line 4b - Other Adjustments: Student financial aid 12,716,580. Income from K-1s 655. Distribution from Blais removed in consolidation 345,000. Part XII, Line 2d - Other Adjustments: Rental expenses reclassified to Form 990, part VIII, line 6b 87,854. Part XII, Line 4b - Other Adjustments: Student financial aid 12,716,580. 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 4934033 Sub-Saharan Africa 0 0 Investments 881341 Sub-Saharan Africa 0 0 Program Services Educational programs focusing on multi-dimensional aspects of global experiences 67085 East Asia and the Pacific 0 0 Program Services Educational programs focusing on multi-dimensional aspects of global experiences 78898 North America 0 0 Program Services Educational programs focusing on multi-dimensional aspects of global experiences 187975 0 0 0 0 0 0 6149332 0 6149332 1 0 1 0 1 0 1 Student Financial Aid 1252 14106509 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 0 0 0 0 0 0 0 0 Leonard Jessup President (from 07/18) 260089 0 0 0 300 0 27588 0 64691 0 352668 0 0 0 Mia Alonzo Controller 0 149738 0 0 0 480 0 16399 0 24447 0 191064 0 0 Patricia Easton EVP/Provost 266726 0 0 0 600 0 48868 0 20133 0 336327 0 0 0 Leslie Negritto Vice President/Treasurer 252913 0 0 0 600 0 27790 0 22034 0 303337 0 0 0 Jenny Darroch Dean 295845 0 0 0 600 0 25667 0 25371 0 347483 0 0 0 Jacob Adams Former Pres. (thru 06/18) 343887 0 25000 0 400 0 54932 0 23045 0 447264 0 0 0 Robert Klitgaard Faculty 250539 0 0 0 0 0 34103 0 36060 0 320702 0 0 0 Stewart Donaldson Faculty 345823 0 0 0 600 0 28840 0 23497 0 398760 0 0 0 Deborah Freund Faculty 273102 0 0 0 0 0 30432 0 25604 0 329138 0 0 0 Bernard Jaworski Faculty/Former Dean 357563 0 0 0 0 0 72932 0 13915 0 444410 0 0 0 Ernie Iseminger Former VP Advancement (thru 02/18) 67693 0 0 0 78100 0 17773 0 2740 0 166306 0 0 0 Carl Johnson Faculty/Former Dean 261824 0 0 0 0 0 29597 0 19973 0 311394 0 0 0 Part I, Line 4a In February 2018, a key employee was terminated, and as part of their severance package, received 3 months' pay and relief of debt in two equal installments, with first installment paid and reported in FYE 6/30/2018. This person was reported on Form 990, Part VII, Section A FYE 6/30/19 with reportable compensation and noted as "thru 2/2018". Schedule J, Part II, col. (B)(iii) reflects the severance as the second and final installment of debt relief was paid in calendar year 2018. A California Educational Facilities Authority 521705592 130179FA7 2016-02-26 12468750 Refinance 2007 & 2008 bonds, Acquire & construct projects 0 0 0 B California Educational Facilities Authority 521705592 130179FA7 2016-02-26 40435000 Refinance 2007 & 2008 bonds, Acquire & construct projects 0 0 0 C California Educational Facilities Authority 521705592 130179FA7 2016-02-26 6960000 Refinance 2007 & 2008 bonds, Acquire & construct projects 0 0 0 A 2973750 12468750 9052117 215400 3200000 1233 0 1 1 1 B 40435000 1364424 38502743 719600 54 0 1 1 1 C 6960000 6845000 115000 0 1 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 1 Deutsche Bank 7.000000000000 0 1 0 0 1 C 0 1 0 0 0 1 Deutsche Bank 7.000000000000 0 1 0 0 1 A 1 B 1 C 1 1500 Merit Scholarship/Fellowship Tuition Assistance X 6 90002 Appraisal/FMV X 4000 Appraisal X 15 33150 FMV X Equipment 9 50973 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 Associate 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 Associate Vice President for Human Resources. The University employs the President via an employment contract approved by the Board of Trustees. The Associate 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 and Board Chair 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 202,715. Income from K-1s -655. Adjustments to contributions receivable -604,950. Comprehensive Pension Gain 18,836. CGU Student Housing LLC 150 E Tenth Street Claremont CA 91711 Student housing CA 2474211 219704 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