2016-05-13T18:50:52-05:00 2015-06-30 910189318 Moss Adams LLP 3121 W March Ln Ste 200 Stockton CA 952192367 990 2014-07-01 951664100 Claremont Graduate University CLAR 9096218043 150 E Tenth Street Claremont CA 91711 Mia Alonzo Controller 9096218043 2016-05-05 1 Tracy S Paglia P00366884 2099556100 2016-05-05 2014 2016-08-17 19:52:53Z Robert Schult 150 E Tenth Street Claremont CA 91711 194082671 0 X www.cgu.edu X 1925 CA An independent institution that awards master's and doctoral degrees in 22 disciplines. 27 27 1312 35 68269 23230 9748293 10926085 61509827 61586272 17485731 16887795 1321108 525057 90064959 89925209 14116675 13121963 0 0 43715517 43752744 0 0 1500460 26933677 26430288 84765869 83304995 5299090 6620214 275447408 267395169 71701484 68784335 203745924 198610834 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 68406752 13121963 61586272 Claremont Graduate University (the "University") is a private, not-for-profit, exclusively graduate and professional RU/H research university (high research activity). Its five schools and three independent departments offer masters degrees in 38 fields and doctoral degrees in 22 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. 68406752 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 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 0 0 0 0 1 1 1 0 0 1 2556 0 1 1312 1 1 1 0 0 0 0 1 1 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 0 CA X X Mia Alonzo 9096218043 101 South Mills Ave Claremont CA 91711 John Bachmann Trustee 0.28 X 0 0 0 Donald Baker Trustee 1.20 X 0 0 0 Alfred Balitzer Trustee 0.37 X 0 0 0 Cameron Breitner Trustee 0.28 X 0 0 0 Richard Byrd Development Chair 0.36 X X 0 0 0 Hazem Chehabi Trustee 0.28 X 0 0 0 Lorenzo di Bonaventura Trustee 0.28 X 0 0 0 Jonathan Dolgen Trustee 0.42 X 0 0 0 Richard Falk Investments Chair 0.25 X X 0 0 0 Priscilla Fernandez Facilities & Infrastructure Chair 0.67 X X 0 0 0 Emile Haddad Trustee 0.00 X 0 0 0 Michael Johnston Trustee 0.82 X 0 0 0 Alex Jutkowitz Trustee 0.67 X 0 0 0 Tim Kirley Trustee 0.50 X 0 0 0 Mohannad Malas IT Chair 0.75 X X 0 0 0 Thomas O'Donnell Vice Chair/Academic Affairs Chair 1.50 X X 0 0 0 Dian Ogilvie Trustee 0.06 X 0 0 0 Mashi Rahmani Trustee 0.59 X 0 0 0 Virgil Roberts Trustee 0.51 X 0 0 0 Michael Rossi Board Chair 1.00 1.00 X X 0 0 0 Beverly Ryder Trustee 0.62 X 0 0 0 Robert Schult Business & Finance Chair 0.60 X X 0 0 0 Megan Scott-Kakures Trustee 0.78 X 0 0 0 Sung Won Sohn Audit Chair 0.66 X X 0 0 0 Elliot Stein Vice Chair 0.60 X X 0 0 0 Marshall Taylor Trustee 0.45 X 0 0 0 Douglas West Trustee 1.25 X 0 0 0 Deborah Freund thru 063015 President 40.00 1.60 X 428510 0 185371 Jacob Adams EVP/Provost 40.00 X 253293 0 46202 Steven Garcia thru 0114 Sr VP/Treas./Secretary 40.00 X 49818 0 2482 Robert D Calvo VP/Treasurer 40.00 0.60 X 226004 0 57229 Mia Alonzo Controller 4.00 20.00 X 0 117178 32872 Lawrence Crosby Dean 40.00 X 466602 0 58635 Stewart Donaldson Dean 40.00 X 340505 0 69872 Bedford McIntosh thru 110714 VP Advancement 40.00 X 208252 0 35683 Patricia Andre De St Amant VP of Enrollment Management 40.00 X 221067 0 41205 Bernard Jaworski Faculty/Former Dean 40.00 X 361782 0 41416 Carl Johnson Faculty/Former Dean 40.00 X 264951 0 47519 Jenny Darroch Faculty 40.00 X 246030 0 44499 Vijay Sathe Faculty 40.00 X 225176 0 35995 Robert Klitgaard Faculty/Former President 40.00 X 254445 0 48281 3546435 117178 747261 98 0 1 0 New Providence 570 Lexington Avenue 5th Floor New York NY 10022 Management Fees 724319 Sidley Austin LLP 555 W 5th Street Los Angeles CA 90024 Legal Counsel 496057 Ellucian Company LP 62590 Collections Drive Chicago IL 60693 Management Services 257996 Klein Buendel Inc 1667 Cole Blvd Ste 225 Golden CO 80401 Consulting 237887 The Bridgespan Group Inc 535 Boylston Street 10th Floor Boston MA 02116 Consulting 216459 14 330000 353786 10242299 462099 10926085 Tuition and fees 900099 52235255 52235255 Fed grants & contracts 900099 5762216 5762216 Auxiliary services 900099 2446874 2446874 Conference Revenue 900099 655311 655311 Drucker Institute 900099 486616 486616 61586272 2489455 68269 2421186 118555802 104157462 14398340 14398340 14398340 Other sources 900099 525057 525057 525057 89925209 61586272 68269 17344583 13121963 13121963 2607034 2041084 436553 129397 309242 309242 32476107 26973706 4627205 875196 3362240 2695084 566102 101054 2893553 2329098 476673 87782 2104568 1688371 351957 64240 458760 62026 394838 1896 162497 162497 1662865 97995 1564870 2962884 2123134 822794 16956 1722983 1449969 208022 64992 1291856 994773 263294 33789 466501 162151 304309 41 4805 4200 530 75 1645225 1429825 199144 16256 1713936 1602757 88904 22275 292296 275816 14127 2353 2882875 2791615 62897 28363 5003248 3062745 1936542 3961 2458013 2458013 242810 242810 Grant subcontracting 490486 490486 Food and housing 273477 273477 Printing and Publicatio 189223 126868 49032 13323 Noncapital equipment 156209 79796 76413 2349339 1762558 548270 38511 83304995 68406752 13397783 1500460 51723 295648 15744049 15984707 6550197 7097607 4376295 3670937 2253439 2463539 99553320 30080132 71233672 69473188 152878291 145452947 20248045 21040362 1437814 1219703 673883 696531 275447408 267395169 9951841 6539609 3076550 3014201 51104835 50871047 2922898 2802932 4645360 5556546 71701484 68784335 X 32963270 29716705 48979630 49035192 121803024 119858937 203745924 198610834 275447408 267395169 X 6620214 -11327474 -427830 X 0 1 X 1 1 1 X 10310248 6366568 7833370 9748293 10926085 45184564 10310248 6366568 7833370 9748293 10926085 45184564 5111093 40073471 2378710 1264515 1966191 2447111 2421186 10477713 51872 585896 574593 390784 24230 1627375 1800489 986446 1135495 1321108 525057 5768595 63058247 297437813 0.63550 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 697694 X 0 180967463 251616 5630095 189204 7692588 794764 178172618 163881990 4306469 20960892 164318 7242776 774794 180967463 154238641 218927 17208875 162516 6880880 741057 163881990 163414684 1162794 -1940944 142283 7466467 789143 154238641 144903509 823903 26074077 123941 7691023 571841 163414684 0.15420 0.63500 0.21080 1 0 53613 16145652 16199265 71345394 23919190 47426204 6068706 2700088 3368618 4481266 3460854 1020412 1458689 1458689 69473188 Limited partnerships - alternative assets 8678688 F Funds held in trust by others 11695693 F Trust deed loans 262362 F Other assets 403619 F 21040362 Liability for staff retirement 1581387 Annuities payable 1608523 Government advances for student loan 1526834 Asset retirement obligation 839802 5556546 X 63991872 -11327474 -120509 -11447983 75439855 1643713 12841641 14485354 89925209 69217910 0 69217910 1643713 12443372 14087085 83304995 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 four 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); The Capital Group Collection on loan to CGU through the Capital Group Foundation; and CGU MFA student artwork (loaned by students for display to the CGU and CUC community). 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: Claremont Graduate University (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 X, Line 2: The University had no unrecognized tax benefits, and no uncertain tax positions at June 30, 2015 and 2014. The University is no longer subject to income tax examinations by taxing authorities for years before 2011 for its federal filing and for years before 2010 for its state filings. Part XI, Line 2d - Other Adjustments: Blais Foundation income included in financial statement 189,052. Actuarial adjustment 158,060. Comprehensive pension loss -467,621. Part XI, Line 4b - Other Adjustments: Student financial aid 12,443,372. Income from K-1s 68,269. Distribution from Blais removed in consolidation 330,000. Part XII, Line 4b - Other Adjustments: Student financial aid 12,443,372. 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. 1 East Asia and the Pacific 0 0 Program Services Educational program (for credit course) focused on multi-dimensional aspects of global business in Tokyo and Hong Kong 55496 Central America and the Caribbean 0 0 Investments 63926716 0 0 0 0 0 0 63982212 0 63982212 1 0 1 0 1 0 1 Student Financial Aid 1080 13121963 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 X X 0 1 X X X 0 1 0 0 0 0 0 0 0 Deborah Freund thru 063015 President 393693 0 30000 0 4817 0 78860 0 106511 0 613881 0 0 0 Jacob Adams EVP/Provost 251973 0 0 0 1320 0 28548 0 17654 0 299495 0 0 0 Robert D Calvo VP/Treasurer 224773 0 0 0 1231 0 26376 0 30853 0 283233 0 0 0 Mia Alonzo Controller 0 116698 0 0 0 480 0 12574 0 20298 0 150050 0 0 Lawrence Crosby Dean 435222 0 30000 0 1380 0 28860 0 29775 0 525237 0 0 0 Stewart Donaldson Dean 338873 0 0 0 1632 0 28860 0 41012 0 410377 0 0 0 Bedford McIntosh thru 110714 VP Advancement 191712 0 15000 0 1540 0 20413 0 15270 0 243935 0 0 0 Patricia Andre De St Amant VP of Enrollment Management 220297 0 0 0 770 0 22300 0 18905 0 262272 0 0 0 Bernard Jaworski Faculty/Former Dean 361782 0 0 0 0 0 28208 0 13208 0 403198 0 0 0 Carl Johnson Faculty/Former Dean 264951 0 0 0 0 0 28860 0 18659 0 312470 0 0 0 Jenny Darroch Faculty 246030 0 0 0 0 0 19481 0 25018 0 290529 0 0 0 Vijay Sathe Faculty 225176 0 0 0 0 0 19363 0 16632 0 261171 0 0 0 Robert Klitgaard Faculty/Former President 254445 0 0 0 0 0 28860 0 19421 0 302726 0 0 0 Part I, Line 1a The President (D Freund) received the following benefits: First-Class travel (non-taxable), Housing (non-taxable, non gross-up), Social Club Dues (non-taxable), and cleaning services for the home (partly taxable). Part I, Line 1b While there was no written policy to follow, the Board oversaw all provisions of expenditures and reimbursement requests submitted by the President. After submission of these requests, the Board reviewed the charges and purpose of the items to determine what would be allowable or denied. The Board worked in conjunction with the Office of Finance to ensure proper adherence to GAAP rules and regulation. Part I, Line 4b The President (Debbie Freund) participates in a 457(f) plan. A contribution of $50,000 was made during the year in accordance with the employment contract terms. Vesting and distribution occurs at the earliest of one of the following events: June 30, 2015; the date on which she separates from service involuntarily without cause, the date on which she becomes disabled, or her death. Benefits are forfeited if the President separates from service prior to June 30, 2015 for any reason other than the ones listed above. Contributions are credited to the account June 30 each year in amounts outlined in the plan document. A California Educational Facilities Authority 521705592 130178QJ8 2008-08-21 15074351 Acquisition, construction, improvement, and equipment of certain facilities 0 0 0 B California Educational Facilities Authority 521705592 130178ET9 2007-02-15 37337930 Construct new housing for graduate students at the University 0 0 0 A 525000 15427864 959514 920721 169320 169320 14299030 1 0 1 1 B 39077157 709342 318527 318527 38049288 2009 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 0 1 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: 03/03/2011 Issuer Name: California Educational Facilities Authority Date the Rebate Computation was Performed: 03/03/2011 Part II, Line 3 The difference between part II, line 3 and issue price is due to investment income. X 15 219847 FMV X 4 242250 FMV X 9 Btl of Wine 1 1 FMV X Other 1 1 FMV 4 0 1 0 Form 990, Part VI, Section B, line 11 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 Vice President/Treasurer. 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 15 In the Spring 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. The Executive Committee or the Compensation Committee (a sub-committee appointed by the Executive Committee) gathers information from stakeholders regarding the President's performance, and the President presents a self-evaluation to the Executive Committee. After review and discussion of the data by the Executive Committee, the Executive Committee presents its 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. In the Spring 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 (Academic Deans). The comparability compensation data, along with written performance evaluations and salary recommendations, are presented to the Executive Committee and President for review and discussion. After review and discussion by the Executive Committee and the President, compensation is determined and approved for each senior administrator and other key employees. 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. Form 990, Part VI, Section C, line 19 Annually, we post our Audited Financial Statements to our website which are made available to the public. We are responsible to post the bylaws to the main website (www.cgu.edu), and available to the public. Form 990, Part XI, line 9: Actuarial adjustment 158,060. Income from K-1s -68,269. Other Comprehensive Pension (Loss) -467,621. Adjustments to Contribution Receivable -50,000. 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 Blais Foundation 150 E Tenth Street Claremont CA 91711 954729463 Support of Claremont Graduate University CA 501(c)(3) Line 11a, I Claremont Graduate University 1 Charitable Remainder Trusts (3) Holdings CA Claremont Graduate University 0 Pooled Income Funds (6) Holdings CA Claremont Graduate University 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 Blais Foundation C 330000 Book/Actual Value