2020-06-29T10:35:49-05:00 2019-06-30 910189318 Moss Adams LLP 3121 West March Lane Suite 200 Stockton CA 95219 990 2018-07-01 951664101 Claremont McKenna College CLAR 9096218043 500 E Ninth Street No N/A Claremont CA 91711 Mia Alonzo Controller 9096218043 2020-06-26 1 Tracy S Paglia P00366884 2099556100 2020-06-26 47.148.73.130 2020-06-26 17:26:35 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 EAE1CDFBC6261675C85A80D1AE80D05A8E0C2F2B 2018 2021-01-29 14:40:06Z NA Hiram Chodosh 500 E Ninth Street No N/A Claremont CA 91711 1207373937 0 X www.claremontmckenna.edu X 1946 CA CMC is an independent, residential, liberal arts college whose mission is to educate its students for responsible leadership in business, government, and the professions. 44 43 1882 387 -2409822 -2411015 47734970 70822544 93645977 97960749 5400993 21164526 1877355 1684257 148659295 191632076 23716604 25442330 0 0 60828735 64852587 0 0 4953767 64760324 69270553 149305663 159565470 -646368 32066606 1388711499 1444354936 256843246 253277091 1131868253 1191077845 X Claremont McKenna College is a highly selective, independent, coeducational, residential, liberal arts college. Its mission, within the mutually supportive framework of The Claremont Colleges, is to educate its students for thoughtful and productive lives and responsible leadership in business, government, and the professions, and to support faculty and student scholarship that contributes to intellectual vitality and the understanding of public policy issues. The College pursues this mission by providing a liberal arts education that emphasizes economics and political science, a professoriate that is dedicated to effective undergraduate teaching, a close student-teacher relationship that fosters critical inquiry, an active residential and intellectual environment that promotes responsible citizenship, and a program of research institutes and scholarly support that makes possible a faculty of teacher-scholars. 0 0 130381664 25442330 97699246 The College's primary exempt purpose is providing a liberal arts education that emphasizes economics and political science, a professoriate that is dedicated to effective undergraduate teaching, a close student-teacher relationship that fosters critical inquiry, an active residential and intellectual environment that promotes responsible citizenship, and a program of research institutes and scholarly support that makes possible a faculty of teacher-scholars. 130381664 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 0 1 1 1 0 1 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 1 0 0 1 0 1 1 0 0 0 1 1 1 0 0 1 2133 0 1 1882 1 1 1 1 CJ EI 0 0 0 0 0 0 0 0 0 1 X 44 43 1 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 Hiram Chodosh President 40.00 X X 599587 0 178943 David G Mgrublian Chair of Board of Trustees 1.00 2.00 X X 0 0 0 Peter K Barker Vice Chair of the Board 1.00 1.00 X X 0 0 0 James B Bemowski Trustee 1.00 X 0 0 0 A Steven Crown Trustee 1.00 X 0 0 0 Tina Daniels Trustee 1.00 X 0 0 0 Cary Davidson Trustee 1.00 X 0 0 0 Robert A Day Vice Chair of the Board 1.00 1.00 X X 0 0 0 David Dreier Trustee 1.00 X 0 0 0 Steven L Eggert Trustee 1.00 X 0 0 0 Elyssa M Elbaz Trustee 1.00 X 0 0 0 Laura M Grisolano Trustee 1.00 X 0 0 0 E David Hetz Trustee 1.00 X 0 0 0 Gregory Hinckley Trustee 1.00 X 0 0 0 John M Isaacson Trustee 1.00 X 0 0 0 Jeffrey S Klein Trustee 1.00 X 0 0 0 Henry R Kravis Trustee 1.00 X 0 0 0 Duane Kurisu Trustee 1.00 X 0 0 0 Michael Larson Trustee 1.00 1.00 X 0 0 0 Tao Li Trustee 1.00 X 0 0 0 Susan Matteson King Trustee 1.00 X 0 0 0 James B McElwee Trustee 1.00 1.00 X 0 0 0 Yvette McGee Brown Trustee 1.00 X 0 0 0 Harry T McMahon Vice Chair of the Board 1.00 2.00 X X 0 0 0 Akshata N Murty Trustee 1.00 X 0 0 0 Robert C Nakasone Trustee 1.00 X 0 0 0 Thomas B Neff Trustee 1.00 X 0 0 0 Douglas L Peterson Trustee 1.00 X 0 0 0 William F Podlich Trustee 1.00 X 0 0 0 Fredric J Prager Trustee 1.00 X 0 0 0 Rey Ramsey Trustee 1.00 X 0 0 0 G Jeffrey Records Jr Trustee 1.00 1.00 X 0 0 0 George R Roberts Trustee 1.00 X 0 0 0 Richard J Romero Trustee 1.00 X 0 0 0 Rossi A Russell Trustee 1.00 1.00 X 0 0 0 Bruce A Soll Trustee 1.00 X 0 0 0 Kenneth J Valach Trustee 1.00 X 0 0 0 Shaw B Wagener Trustee 1.00 X 0 0 0 Christopher V Walker Trustee 1.00 1.00 X 0 0 0 Laura E Lulejian Klein Trustee 1.00 X 0 0 0 Emily Meinhardt Trustee 1.00 X 0 0 0 Timothy W Wright III Trustee 1.00 X 0 0 0 Elizabeth Lippincott Trustee 1.00 X 0 0 0 Paul Nathan Trustee 1.00 X 0 0 0 Erin Watkins AVP of Finance and Acting Treasurer 40.00 2.00 X 181883 0 40235 Matthew Bibbens VP Admin and Planning, General Counsel and Secreta 40.00 2.00 X 311783 0 67282 Mia Alonzo Controller 4.00 20.00 X 0 150218 40846 Peter Uvin VP for Academic Affairs and Dean of the Faculty 40.00 X 378754 0 76244 Sharon Basso VP Student Affairs and Dean of Students 40.00 X 260378 0 75323 Jefferson Huang VP for Admission and Financial Aid 40.00 X 302407 0 50869 James Floyd VP and Chief Investment Officer 40.00 2.00 X 439465 0 68040 Carroll Stevens VP for Advancement 40.00 X 349303 0 34357 Eric Hughson Faculty 40.00 X 360252 0 47323 Fan Yu Faculty 40.00 X 329388 0 52930 Lisa Meulbroek Faculty 40.00 X 329164 0 31683 Janet Smith Faculty 40.00 X 314579 0 44968 Eric Helland Faculty 40.00 X 314420 0 51768 Robin Aspinall Thru 0618 Former VP Business Admin and Treasurer 40.00 2.00 X 375181 0 23055 Nicholas Warner Thru 615 Faculty, Former Interim Dean of Faculty 40.00 X 214289 0 23769 5060833 150218 907635 173 1 1 0 Bon Appetit PO Box 50196 Los Angeles CA 90074 Food Service 3415329 Integrity Builders General Contractors 161 Washington Street Suite 600 Conshonhocken PA 19428 Construction 2559903 Gardner Company Inc 38340 Innovation Court Suite 704 Murrieta CA 92563 Heating and Air Conditioning Service 2237082 Con-Am Inc 903 Calle Amanecer 210 San Clemente CA 92673 Construction 2128140 ABM Onsite Services - West Inc 1150 South Olive Street 19th Floor Los Angeles CA 90015 Janitorial Services 1604797 28 280580 70541964 1563783 70822544 Tuition & fees 611600 92103727 92103727 Asset Management Revenue 900099 3145301 3145301 Fed. grants & contracts 611600 865936 865936 Private contracts 900099 795783 795783 Children sch. tuition 611710 715121 715121 334881 73378 261503 97960749 5109987 -2409822 7519809 996828 791356 205472 205472 205472 1031005044 1014950505 16054539 16054539 16054539 Miscellaneous income 900099 1339968 1339968 Vending, store & laundry 453000 138817 138817 1478785 191632076 97699246 -2409822 25520108 25442330 25442330 3575937 1168988 1675115 731834 663438 238004 425434 47846699 42078020 3754516 2014163 4141217 3678332 320951 141934 5323430 4427284 624981 271165 3301866 2822101 331491 148274 47940 47940 951797 11485 940312 353444 353444 3243408 3243408 5685745 4347294 1164728 173723 852247 513319 173116 165812 3546457 2300986 1148130 97341 1930735 1434426 344500 151809 4141887 3722066 419756 65 7226495 5978805 446816 800874 2063594 1330453 675097 58044 6947557 6640641 250126 56790 13542054 6940513 6594586 6955 9799771 9272586 429638 97547 457606 223324 223371 10911 Building repair 3561907 3289069 272805 33 Food & housing 3071797 3071790 7 1846112 1401908 417711 26493 159565470 130381664 24230039 4953767 909978 1138419 19394303 18986586 124833206 143883444 6644815 6147971 172857 130000 6393441 5920131 409581893 124882354 285718560 284699539 573031047 66613913 363289529 909266373 7787139 7023274 536624 545286 1388711499 1444354936 13599806 15152758 2011156 2312856 187264903 182569182 1133264 990384 52834117 52251911 256843246 253277091 X 315745347 327890853 409844606 456908714 406278300 406278278 1131868253 1191077845 1388711499 1444354936 X 32066606 28082937 -939951 X 0 1 X 1 1 1 X 39354510 33880090 26979654 47685720 70822544 218722518 39354510 33880090 26979654 47685720 70822544 218722518 65720331 153002187 8177225 6028095 5572751 4817583 8516637 33112291 1072289 1210894 2317437 1664044 4624085 10888749 262723558 448514420 0.58240 0.65630 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 18465 18465 0 Part II-B, Line 1: Dues and memberships paid to organizations to lobby on the College's behalf. Also, to support the effort to reauthorize the Section 568 exemption from the anti-trust laws. 0 7617271 X X 0 881013887 21766920 46328406 10471075 24181115 2411825 912045198 833276511 9489915 75916104 10087089 22720680 4860874 881013887 758740997 5331862 104383054 9665078 22032182 3482142 833276511 803058963 8600608 -19499097 9349877 21109903 2959697 758740997 806882120 18075121 11151926 8802607 20261570 3986027 803058963 0.21530 0.45060 0.33410 0 0 15589105 15589105 326698551 88747543 237951008 25016783 10576318 14440465 39162278 25558493 13603785 3115176 3115176 284699539 Assets whose use is limited 3291859 F Real Estate, Energy, & Timber 2121357 F Investment in Claremont Investment Fund 903853157 F 909266373 Life income and Annuities payable 47703700 Funds held in trust 2815067 Government advance for student loans 847754 Asset Retirement Obligation 885390 52251911 191121557 28082937 -2558417 25524520 165597037 3243408 22791631 26035039 191632076 131911965 791356 791356 131120609 3243408 25201453 28444861 159565470 Part III, Line 4: The College's works of art are held for public exhibition to enrich the teaching of art and humanities at the College. Part V, Line 4: The College uses the earnings of its endowment funds in accordance with donor restrictions. Where no donor intent is specified, the earnings fund the general operations of the College. Part XI, Line 2d - Other Adjustments: Rental expenses reclassified to revenue 791,356. Actuarial adjustment 774,784. Pledge Write Offs -4,124,557. Part XI, Line 4b - Other Adjustments: Student aid, reclassified to expenses 25,201,453. Income from K-1's -2,409,822. Part XII, Line 2d - Other Adjustments: Rental expenses reclassified to revenue 791,356. Part XII, Line 4b - Other Adjustments: Student aid, reclassified to expenses 25,201,453. 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 College's Non-Discrimination Policy is publicized in brochures and the catalog, and is accessible on the college website. Schedule E, Part I, Line 6 Claremont McKenna College participates in the Pell Grant, Supplemental Educational Opportunity Grant, College Work-Study, and Perkins Loan programs. Central America and the Caribbean 0 0 Investments Europe 0 0 Investments North America 0 0 Investments Sub-Saharan Africa 0 0 Investments 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 Part I Line 3 During the fiscal year ending June 30, 2019, the filing organization transferred all of the alternative investment assets to a controlled supporting organization. The ending ownership in these foreign investments is appropriately reported as $0 as of June 30, 2019 for the filing organization on Part I line 3. 1 Financial Aid 637 25442330 Part I, Line 2: The College monitors the use of grant funds by verifying student enrollment records maintained by the Office of the Registrar and the Office of Student Accounts. Enrollment verification is performed prior to awarding of grant funds and throughout the academic year. The Office of Financial Aid monitors the College's compliance with grant agreement requirements throughout the academic year, and keeps current with compliance requirements by participating in professional development workshops and reviewing federal compliance updates from the Department of Education and NASFAA. X X X X 1 1 X X X X X 1 1 0 0 0 0 0 1 0 Hiram Chodosh President 556247 0 0 0 43340 0 76640 0 102303 0 778530 0 0 0 Erin Watkins AVP of Finance and Acting Treasurer 181883 0 0 0 0 0 19910 0 20325 0 222118 0 0 0 Matthew Bibbens VP Admin and Planning, General Couns 279197 0 20000 0 12586 0 30432 0 36850 0 379065 0 0 0 Mia Alonzo Controller 0 149738 0 0 0 480 0 16399 0 24447 0 191064 0 0 Peter Uvin VP for Academic Affairs and Dean of 347914 0 20000 0 10840 0 30432 0 45812 0 454998 0 0 0 Sharon Basso VP Student Affairs and Dean of Stude 239538 0 20000 0 840 0 26840 0 48483 0 335701 0 0 0 Jefferson Huang VP for Admission and Financial Aid 290636 0 0 0 11771 0 30432 0 20437 0 353276 0 0 0 James Floyd VP and Chief Investment Officer 408265 0 30000 0 1200 0 30432 0 37608 0 507505 0 0 0 Carroll Stevens VP for Advancement 308946 0 30000 0 10357 0 30432 0 3925 0 383660 0 0 0 Eric Hughson Faculty 352252 0 8000 0 0 0 30432 0 16891 0 407575 0 0 0 Fan Yu Faculty 324548 0 4000 0 840 0 30432 0 22498 0 382318 0 0 0 Lisa Meulbroek Faculty 319789 0 4000 0 5375 0 30432 0 1251 0 360847 0 0 0 Janet Smith Faculty 303420 0 5000 0 6159 0 30432 0 14536 0 359547 0 0 0 Eric Helland Faculty 304420 0 10000 0 0 0 30432 0 21336 0 366188 0 0 0 Robin Aspinall Thru 0618 Former VP Business Admin and Treasur 298094 0 0 0 77087 0 21817 0 1238 0 398236 0 0 0 Nicholas Warner Thru 615 Faculty, Former Interim Dean of Facu 210079 0 4000 0 210 0 22726 0 1043 0 238058 0 0 0 Part I, Line 1a -First-class travel - The College pays for the class above economy for all domestic and international travel for the president per employment contract. - Travel for Companions - The College pays for expenses for the President's spouse's travel as covered per contract with valid business reason. - Housing allowance or residence for personal use - The College provides housing to the president and a key employee as a condition of employment. The value of the employer provided housing has been determined to meet the criteria of Sec 119 and is therefore reported as a non-taxable benefit. - Health or social club dues - The College pays dues for the California Club for the sole purpose of conducting college business; no personal social activities are allowed. Because no personal social activities are conducted, the California Club dues are not included in taxable compensation. Part I, Lines 4a-b -Robin Aspinall received post-employment severance payments subsequent to 6/30/2018. -Hiram Chodosh participates in a nonqualified deferred compensation plan under section 457(f). No distributions were made from the plan in 2018. Part I, Line 7 The organization provided one-time performance related bonuses. A California Educational Facilities Authority 521705592 130179DN1 2015-12-03 123653806 See Part VI 0 0 0 B California Educational Facilities Authority 521705592 130178HT6 2007-05-31 42697442 See Part VI 0 0 0 C California Educational Facilities Authority 521705592 130178C95 2011-07-07 5908645 See Part VI 0 0 0 D California Educational Facilities Authority 521705592 130178T48 2012-11-28 34197474 See Part VI 0 0 0 A 6450000 123653806 1150406 122503400 1 0 1 1 B 4715000 25605000 44443284 595011 30007312 12132532 2009 1 1 1 1 C 1325000 5908645 116290 5908645 2012 1 0 1 1 D 1795000 34240036 459038 25816935 7964062 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 1 1 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 0 0 1 0 0 1 Hypo Public Finance 5.100000000000 1 0 1 C 0 0 0 1 0 0 0 0 1 D 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 D 1 Date Rebate Computation Performed Issuer Name: California Educational Facilities Authority Date the Rebate Computation was Performed: 05/31/2009 Issuer Name: California Educational Facilities Authority Date the Rebate Computation was Performed: 07/07/2011 Issuer Name: California Educational Facilities Authority Date the Rebate Computation was Performed: 02/26/2018 Schedule K Supplental Information Part I, column (f) Description of Purpose: Bond (a) - Refund the 2007 and 2009 bonds. Bond (b) - Finance the cost of acquisition/construction of new educational facilities & refunding of bonds. Bond (c) - Refund a portion of Authority's Series 1999 bonds & pay certain bond costs. Bond (d) - Finance the cost of acquisition/construction of new educational facilities & refunding of bonds. Bond (e) - Finance the cost of acquisition/construction/improvement of new and existing educational facilities. Part II, line 3, column (D): The difference between part II, line 3 and issue price in part I is due to investment income. Part II, line 3, 2013 bond: The College entered into an agreement to borrow up to $25,000,000 in a non-revolving term loan from First Republic Bank, issued through the California Municipal Finance Authority (CMFA). First Republic Bank will disburse, from time to time, loan proceeds as requested by the College. As of June 30, 2019, the College had borrowed approximately $24,800,000 for the purposes of financing the cost of acquisition and construction of new educational facilities. A California Municipal Finance Authority 201563466 000000000 2013-12-11 24937500 See Part VI 0 0 0 A 2231161 24937570 124591 24812979 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 1 0 0 0 0 0 1 A 1 Matthew Bibbens VP for Administration & Planning, General Counsel, Sec. of the Corporation Housing Assistance X 100000 52500 0 1 1 Peter Uvin VP for Academic Affairs and Dean of Faculty, Professor of Government Housing Assistance X 100000 77500 0 1 1 130000 Amy Bibbens Family Member of Matthew Bibbens, VP for Administration & Planning, General 98052 Employment 0 Priya Junnar Family Member of Hiram Chodosh, President of the College 109597 Employment 0 Minju Kim Family Member of Peter Uvin, VP for Academic Affairs and Dean of the Facult 132790 Employment 0 X 85 752555 FMV X 1 790000 Appraisal X 20 21228 cost price of property 1 0 1 0 Part I, Column (b): Items reported on Part I column b represent the number of: Securities: donor transactions Real estate: properties Food inventory: events where food inventory was donated Form 990, Part VI, Section A, line 2 Henry R. Kravis and George R. Roberts are Trustee members and both have a business and family relationship. Form 990, Part VI, Section B, line 11b The College 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. The College has engaged an outside accounting firm to prepare the 990 using information provided by the College's Treasurer's Office and The Claremont College Services' Office of Financial Services. Once a draft has been prepared, it is reviewed by individuals in the Office of Financial Services, the Office of Human Resources, and the College's 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 Acting Treasurer. After this review and any resulting changes are complete, the revised draft is provided to members of the College's Audit Committee for questions and comments. Once questions and comments from the Audit Committee are fielded and issues resolved, the 990 is provided to all voting members of the Board of Trustees prior to filing. Form 990, Part VI, Section B, line 12c Officers, trustees, and key employees are required to annually sign and submit to the Treasurer a statement disclosing all material financial interests of the individual or immediate family members in any outside entity in which the College has or is considering a transaction or other business relationship. The Treasurer creates a summary report of these and any other known conflict of interest disclosures for review by the Audit Committee. All transactions in which the Audit Committee has determined that a conflict exists are approved or ratified by the Board of Trustees. Form 990, Part VI, Section B, line 15 The College's process for determining compensation for corporate officers, key employees, and principal disqualified persons is performed on an annual basis and includes the following elements: 1) use of data as to comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations, 2) review of comparable compensation data and approval of compensation arrangements by a Compensation Subcommittee of the Executive Committee of the Board of Trustees, and 3) contemporaneous documentation with respect to deliberations and decisions regarding compensation arrangements. Data as to comparable compensation is derived from one or more of the following sources: a) Information compiled from IRS Form 990 reports, b) other regional or national compensation surveys, including an annual compensation survey published by the College and University Professional Association for Human Resources, and c) external consultant surveys and/or databases, including prevailing market compensation for similar administrative positions in the greater Los Angeles area. Form 990, Part VI, Section C, line 19 -Financial statements and conflict of interest policy are available on the College website. -Governing/organizing documents are not available to the public. Form 990, Part XI, line 9: Actuarial adjustment 774,784. Income from K-1's 2,409,822. Writeoff of pledge receivables -4,124,557. The Claremont Colleges Inc 101 S Mills Ave Claremont CA 91711 954786748 Supporting Organization CA 501(c)(3) 12a, type I N/A 0 Claremont McKenna College Foundation 500 E 9th Street Claremont CA 91711 330735781 Supporting Organization CA 501(c)(3) 12a, type I Claremont McKenna College 1 Children's Education Center of Claremont 500 E 9th Street Claremont CA 91711 954508952 Preschool and Elementary School CA 501(c)(3) Line 2 Claremont McKenna College 1 Claremont Investment Fund 500 E 9th Street Claremont CA 91711 823049880 Supporting Organization CA 501(c)(3) 12a, type I Claremont McKenna College 1 Claremont Investment Management Company 500 E 9th Street Claremont CA 91711 823028605 Supporting Organization CA 501(c)(3) 12a, type I Claremont McKenna College 1 Pre-69 Trusts (2) 101 South Mills Ave Claremont CA 91711 Holdings CA N/A 0 Charitable Remainder Unitrusts (23) 101 South Mills Ave Claremont CA 91711 Holdings CA N/A 0 Charitable Remainder Annuity Trust 101 South Mills Ave Claremont CA 91711 Holdings CA N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 1 Claremont Investment Fund S 20400000 Claremont Investment Fund R 874505307 Claremont Investment Management Company L 3351090