2017-05-10T18:39:18-05:00 2016-06-30 910189318 Moss Adams LLP 3121 W March Ln Ste 200 Stockton CA 952192367 990 2015-07-01 951911219 Harvey Mudd College HARV 9096218043 301 Platt Boulevard No n/a Claremont CA 91711 Mia Alonzo Controller 9096218043 2017-05-08 1 Tracy S Paglia P00366884 2099556100 2017-05-08 2015 2021-01-29 14:40:06Z Maria Klawe 301 Platt Boulevard No n/a Claremont CA 91711 228971605 0 X www.hmc.edu X 1955 CA HMC is one of the premier math, science and engineering liberal arts colleges in the nation. 37 35 1189 584 -457195 -457858 10887824 17114546 54468740 58438326 1758482 5226552 26945 21787 67141991 80801211 15323843 16245847 0 0 36791020 38371875 0 0 3567258 25507747 28250336 77622610 82868058 -10480619 -2066847 462096451 443794075 58106873 57397503 403989578 386396572 Harvey Mudd College seeks to educate engineers, scientists and mathematicians well-versed in all of these areas and in the humanities and social sciences so that they may assume leadership in their fields with a clear understanding of the impact of their work on society. 0 0 72497359 16245847 58438326 All program services relate to undergraduate education, full time equivalent enrollment of 800+ students. 72497359 1 1 0 0 0 0 0 0 0 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 1 0 1 0 0 0 0 1 0 0 0 1 1271 0 1 1189 1 1 1 0 0 0 0 0 0 0 0 0 X 37 35 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 Klawe President 50.00 1.00 X X 542824 0 90031 Wayne A Drinkward Chairman of the Board 1.00 1.00 X X 0 0 0 Barbara A Patocka Vice Chairman of the Board 1.00 X X 0 0 0 Kevin Schofield Vice Chairman of the Board 1.00 X X 0 0 0 Michael Anjiulo Trustee 1.00 X 0 0 0 James Bean 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 Deborah Byron Trustee 1.00 X 0 0 0 Joseph Connolly 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 Murray Goldberg Trustee 1.00 X 0 0 0 Jocelyn Goldfein Trustee 1.00 X 0 0 0 Shamit Grover Trustee 1.00 X 0 0 0 Elaine Hart Trustee 1.00 X 0 0 0 Glen T Hastings Trustee 1.00 X 0 0 0 Dylan Hixon Trustee 1.00 X 0 0 0 Eric Kim Trustee 1.00 X 0 0 0 Mahesh K Kotecha Trustee 1.00 X 0 0 0 Andrea J Leebron-Clay Trustee 1.00 X 0 0 0 Luke Mastalli-Kelly Trustee 1.00 X 0 0 0 Ann McDermott Trustee 1.00 X 0 0 0 John Norin Trustee 1.00 X 0 0 0 Anna Patterson Trustee 1.00 X 0 0 0 Greg P Rae Trustee 1.00 X 0 0 0 Jeffrey Rosenbluth Trustee 1.00 X 0 0 0 Michael Schubmehl Trustee 1.00 X 0 0 0 R Michael Shanahan Trustee 1.00 X 0 0 0 Ellyn Shook Trustee 1.00 X 0 0 0 Scott Smallwood Trustee 1.00 X 0 0 0 Tayloe Stansbury Trustee 1.00 X 0 0 0 Venkat Varadachary Trustee 1.00 X 0 0 0 John Vickery 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 Worster Trustee 1.00 X 0 0 0 Jacky Wright Trustee 1.00 X 0 0 0 Thyra Briggs VP/Dean of Adm & Fin Aid 50.00 X 210233 0 45925 Jeffrey Groves VP and Dean of Faculty 50.00 X 224610 0 34290 Andrew Dorantes VP for Administration and Finance 50.00 X 282698 0 51479 Daniel Macaluso VP for Advancement 50.00 X 292848 0 51479 Timothy Hussey Asst Vp of Comm and Marketing/Asst Sec to Board 50.00 X 163145 0 27300 Karen Angemi Secretary of the Corporation 50.00 X 97664 0 29220 Mia Alonzo Controller 4.00 20.00 X 0 139409 38319 Joseph Vaughan VP & Chief Information Officer 50.00 X 188456 0 52442 Marguerite Browning VP Student Affairs/Dean of Students 50.00 X 170585 0 26007 W M Leroux AVP of Advancement for Dev & Const Prg 40.00 X 212647 0 40656 Michael Erlinger Faculty 40.00 X 212954 0 50661 Ran Libeskind-Hadas Faculty 40.00 X 205554 0 61033 Nicholas Pippenger Faculty 40.00 X 186584 0 36286 Robert Cave Faculty and Former Officer 40.00 X 180720 0 57497 3171522 139409 692625 96 0 1 0 Bernards Bros Inc 555 FIRST STREET San Fernando CA 91340 Construction 13812025 Sodexo Inc 1000 El Camino Real Atherton CA 94027 Food Service 1907210 Pfeiffer Partners Architects Inc 811 W 7th St 7th Fl Los Angeles CA 90017 Architect 726294 Cambridge Associates LLC 100 Summer Street Boston CA 02110 Investment Management 231675 JT Communications Inc 1607 Erin Ave Upland CA 91784 Telephone Installation and Maintenance 214883 10 880873 16233673 855533 17114546 Tuition, Room & Board 611600 52238274 52238274 Fed Grants & Contracts 611600 2505536 2505536 Private Contracts 611600 1679422 1679422 Auxiliary 611600 691467 691467 1323627 1323627 58438326 3524244 -457195 3981439 4167 4167 21620 4000 17620 17620 17620 147163356 2705346 145020103 3146291 2143253 -440945 1702308 1702308 80801211 58438326 -457195 5705534 16245847 16245847 2505335 1344359 632395 528581 304038 304038 26701227 24380839 1028915 1291473 2994850 2575447 125595 293808 3933435 3361739 178002 393694 1932990 1625048 106991 200951 64665 64665 142190 142190 1648862 1648862 1697590 1563809 95973 37808 438183 383102 23132 31949 3918826 3475251 214036 229539 712889 590568 101038 21283 2089299 1775742 236333 77224 1550581 1325409 48685 176487 663856 486404 32281 145171 1791083 1738217 52866 6324271 4614701 1699954 9616 4289119 4222754 66365 202231 1491 200740 Noncapital Equipment & 2037240 1922676 58054 56510 Food and Housing 404867 404536 331 274584 155382 46038 73164 82868058 72497359 6803441 3567258 412209 881483 49755406 37469548 10694787 10727542 1103700 1746662 69260 45190 2707933 2486799 175101208 57200146 115502624 117901062 256721757 244642008 21284861 23995781 3247377 3206329 596537 691671 462096451 443794075 7849768 4238148 535512 602207 39946097 43596236 9775496 8960912 58106873 57397503 X 153860783 144657453 116056023 97424835 134072772 144314284 403989578 386396572 462096451 443794075 X -2066847 -16130187 604028 X 0 1 X 1 1 1 X 23552513 32578957 16622810 10857935 17114546 100726761 23552513 32578957 16622810 10857935 17114546 100726761 12097742 88629019 4276306 4174251 4646008 3637052 4007226 20740843 121467604 262074873 0.72970 0.75850 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 292556021 10359494 -12087422 2665292 11211628 276951173 288323889 18869383 -1825220 2489818 10322213 292556021 244177496 17124437 38981269 2409114 9550199 288323889 230071663 1042931 24668554 2123806 9481846 244177496 243835494 6390693 -8898792 2170343 9085389 230071663 0.20770 0.51020 0.28210 1 0 11413951 11413951 2177500 144699958 45415453 101462005 11628140 8981800 2646340 5181659 2802893 2378766 117901062 Other Assets 538547 F Private Equity Securities 22029137 F Other 1428097 F 23995781 Annuities Payable 3079006 Funds Held in Trust for Others 715416 Government Advances/Student Loans 3048689 Asset Retirement Obligation 1426206 Capital Lease Obligation 691595 8960912 X 47710948 -16130187 934633 -15195554 62906502 1648862 16245847 17894709 80801211 65303954 330605 330605 64973349 1648862 16245847 17894709 82868058 Part V, Line 4: Permanent 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 X, Line 2: In accordance with generally accepted accounting principles, the College had no unrecognized tax benefits at June 30, 2016 and 2015. Part XI, Line 2d - Other Adjustments: UBI Loss from Partnerships 457,195. Actuarial Adjustment 114,198. Other Comprehensive Pension Expense 67,954. Indirect Cost Adjustment 330,605. Pledge Writeoff -35,319. Part XI, Line 4b - Other Adjustments: Student Financial Aid 16,245,847. Part XII, Line 2d - Other Adjustments: Indirect Cost Adjustment 330,605. Part XII, Line 4b - Other Adjustments: Student Financial Aid 16,245,847. 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 Eductional Opportunity Grant, College Work-Study, and Perkins Loan programs. East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, 0 0 Program Services Education Instruction 64678 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 0 0 Program Services Education Instruction 55447 South America 0 0 Program Services Education Instruction 10981 South Asia 0 0 Program Services Education Instruction 4777 Sub-Saharan Africa 0 0 Program Services Education Instruction 21269 North America 0 0 Program Services Education Instruction 4836 Central America and the Caribbean 0 0 Investments 43593669 0 0 0 0 0 0 43755657 0 43755657 1 0 1 0 1 0 1 Student Financial Aid 564 16245847 Part I, Line 2: The use of grant funds is monitored through 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 Klawe President 507509 0 0 0 35315 0 31800 0 58231 0 632855 0 0 0 Thyra Briggs VP/Dean of Adm & Fin Aid 200853 0 0 0 9380 0 24900 0 21025 0 256158 0 0 0 Jeffrey Groves VP and Dean of Faculty 223410 0 0 0 1200 0 27000 0 7290 0 258900 0 0 0 Andrew Dorantes VP for Administration and Finance 279254 0 0 0 3444 0 31800 0 19679 0 334177 0 0 0 Daniel Macaluso VP for Advancement 282254 0 0 0 10594 0 31800 0 19679 0 344327 0 0 0 Timothy Hussey Asst Vp of Comm and Marketing/Asst S 163145 0 0 0 0 0 19800 0 7500 0 190445 0 0 0 Mia Alonzo Controller 0 133929 0 5000 0 480 0 14809 0 23510 0 177728 0 0 Joseph Vaughan VP & Chief Information Officer 188456 0 0 0 0 0 24270 0 28172 0 240898 0 0 0 Marguerite Browning VP Student Affairs/Dean of Students 133123 0 0 0 37462 0 19554 0 6453 0 196592 0 0 0 W M Leroux AVP of Advancement for Dev & Const P 212647 0 0 0 0 0 26121 0 14535 0 253303 0 0 0 Michael Erlinger Faculty 212954 0 0 0 0 0 26368 0 24293 0 263615 0 0 0 Ran Libeskind-Hadas Faculty 202622 0 0 0 2932 0 25813 0 35220 0 266587 0 0 0 Nicholas Pippenger Faculty 186584 0 0 0 0 0 22869 0 13417 0 222870 0 0 0 Robert Cave Faculty and Former Officer 180720 0 0 0 0 0 22722 0 34775 0 238217 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. - 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. A California Municipal Finance Authority 201563466 000000000 2013-11-14 29925000 See Part VI 0 0 0 B California Educational Facilities Authority 521705592 130178A63 2011-05-19 15309804 See Part VI 0 0 0 A 25011 30000000 133378 25030434 4836188 2016 1 1 1 1 B 1160000 15319625 309804 15009821 2013 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 1 B 1 Date Rebate Computation Performed Issuer Name: California Educational Facilities Authority Date the Rebate Computation was Performed: 08/28/2014 Schedule K Supplental Information Part I, Column (f), Line A: For the purpose of (i) financing the acquisitions, construction, improvement, renovation and equipping of certain educational facilities, (ii) providing funds to refund a prior bond (7/24/2003 and 5/19/2011), (iii) funding capitalized interest on the bonds, and (iv) paying costs incurred in connection with the issuance of the bonds. Part I, Column (f), Line B: For the purpose of (i) financing the acquisitions, construction, improvement, renovation and equipping of certain educational facilities, (ii) funding capitalized interest on the bonds, and (iii) paying costs incurred in connection with the issuance of the bonds. Part I, Line A, Column (e) and Part II, Line 3, Column A: The difference is due to the loan origination fee. Part I, Line B, Column (e) and Part II, Line 3, Column B: The difference is due to income earned on bond proceeds. Nicholas Pippenger Family member of Maria Klawe, President 222871 Employment 0 Elizabeth Schofield Family member of Kevin Schofield, Vice Chairman of the Board 83196 Employment 0 X 30 848974 FMV X 3 6559 FMV 0 0 1 0 Form 990, Part VI, Section B, line 11 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 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, Assistant VP for BAO, Assistant Controller, Budget Director 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 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 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. 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 upon request. - 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 114,198. Other Comprehensive Pension Expense 67,954. UBI Loss from Partnership Investments 457,195. Pledge Writeoff -35,319. Claremont University Consortium 101 South Mills Ave Claremont CA 91711 954786748 Provide academic and business services CA 501(c)(3) Line 11a, I N/A 0 Charitable Remainder Unitrusts (9) Holding CA N/A 1 Pooled Income Fund Holding CA N/A 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0