2015-05-13T17:27:09-05:00 2014-06-30 910189318 Moss Adams LLP 3121 W March Lane Suite 100 Stockton CA 952192303 990 2013-07-01 951664123 Scripps College SCRI 9096218043 1030 Columbia Avenue Claremont CA 91711 Mia Alonzo Controller 9096070689 2015-05-13 1 Tracy Paglia P00366884 2099556100 2013 2016-02-25 16:41:14Z Lori Bettison-Varga 1030 Columbia Avenue Claremont CA 91711 233772516 0 X www.scrippscollege.edu X 1926 CA Scripps College ("Scripps") is an independent, liberal arts, undergraduate college for women. 33 31 1233 500 -726489 -730224 19822041 12510277 53577451 58529948 24206721 18293626 21985 39204 97628198 89373055 14627589 15734679 0 0 28465918 28938545 76770 17319 3543835 30924986 31409982 74095263 76100525 23532935 13272530 441161202 478058856 48232316 50095446 392928886 427963410 To educate women to develop their intellect and talents through active participation in a community of scholars, so that as graduates they may contribute to society through public and private lives of leadership, service, integrity and creativity. 0 0 65998602 15734679 58529948 Scripps College ("Scripps") is an independent, liberal arts college for women with a distinctive interdisciplinary core curriculum offering instruction in the humanities, fine arts, and the natural and social sciences. Scripps has an enrollment of approximately 980 students. Founded in 1926, the campus is on the National Register of Historic Places. Its mission is to educate women to develop their intellect and talents through active participation in a community of scholars, so that as graduates they may contribute to society through public and private lives of leadership, service, integrity and creativity. 65998602 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 X 1645 0 1 1233 1 1 1 1 BD CJ VI 0 0 0 0 0 0 0 0 X 33 31 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X Mia Alonzo 9096218043 101 S Mills Avenue Claremont CA 91711 Lori Bettison-Varga President 40.00 1.00 X X 433513 0 165834 Linda Davis Taylor Chairman of the Board 4.00 2.00 X X 0 0 0 Mark Herron Co-Vice Chairman of the Board 2.00 X X 0 0 0 Betsy Wienberg Smith Co-Vice Chairman of the Board 2.00 X X 0 0 0 Barbara Franks Bice Trustee 2.00 X 0 0 0 Joanne Blauer Trustee 1.00 X 0 0 0 Robert Breech Trustee 1.00 X 0 0 0 Lynne Brickner Trustee 2.00 X 0 0 0 Barbara Ann Bruner Trustee 1.00 X 0 0 0 Chalan Colby Trustee 1.00 X 0 0 0 Amy Drayer Trustee 1.00 X 0 0 0 Roger Engemann Trustee 2.00 X 0 0 0 Donald Johnson Trustee 1.00 X 0 0 0 Gabrielle Jungels-Winkler Trustee 1.00 X 0 0 0 Nancy Katayama Trustee 1.00 X 0 0 0 Joanne Glass Keith Trustee 1.00 X 0 0 0 David Lahar Trustee 1.00 X 0 0 0 Leslie Ann Lassiter Trustee 2.00 X 0 0 0 Suzanne Ely Muchnic Trustee 2.00 X 0 0 0 Andrea Neves Trustee 1.00 X 0 0 0 Hannah Peter Trustee 1.00 X 0 0 0 Elizabeth Malott Pohle Trustee 1.00 X 0 0 0 Hugh Ralston Trustee 2.00 X 0 0 0 Stephanie Probst Rasines Trustee 1.00 X 0 0 0 Carolyn Revelle Trustee 2.00 X 0 0 0 Fran Norris Scoble Trustee 1.00 X 0 0 0 Jean Bixby Smith Trustee 2.00 X 0 0 0 Carolyn Wagner Trustee 1.00 X 0 0 0 Emily Jensen Waldorf Trustee 1.00 X 0 0 0 Roxanne Wilson Trustee 1.00 X 0 0 0 Ellen Clark Brown Trustee 1.00 X 0 0 0 Emily Jovais Trustee-elect 1.00 X 0 0 0 Elisabeth Salzberg Trustee 1.00 X 0 0 0 Bonnie Wozencroft Trustee 1.00 X 0 0 0 Stephen Wozencroft Trustee 1.00 X 0 0 0 Mia Alonzo Controller 4.00 20.00 X 0 117397 25837 Joanne Coville-through 12614 VP/Business Affairs/Treasurer 40.00 X 237900 0 31386 Amy Marcus-Newhall VP Academic Affairs/Dean of Faculty 40.00 X 207860 0 33813 Donna Ng - started 12714 VP/Business Affairs/Treasurer 40.00 X 0 0 0 Denise Nelson Nash VP, Board Sec - started 10/14/13 40.00 X 45205 0 5475 Michael Archibald VP for Institutional Advancement 40.00 X 286084 0 42803 Victoria Romero VP for Admissions 40.00 X 161116 0 31336 Megan Callaway AVP for Institutional Advancement 40.00 X 144890 0 27441 Anthony Crowley Faculty 40.00 X 164876 0 23212 Marylou Ferry VP Marketing and Communications 40.00 X 175992 0 21596 Alan Hartley Faculty 40.00 X 150298 0 18455 Cheryl Walker Faculty 40.00 X 147104 0 24632 Sally Steffen - through 32013 Chief of Staff/Board Secretary 40.00 X 113156 0 20212 2267994 117397 472032 56 1 1 0 Sodexo 9801 Washington Blvd Gaithersburg MD 20878 Food Service 2479630 KAR Construction Inc 1094 E 9th Street Upland CA 917865427 Construction 1840181 Cambridge Associates LLC PO Box 83232 Chicago IL 606910232 Investment Management 571993 Walraven & Westerfeld LLP 101 Enterprise Suite 350 Aliso Viejo CA 92656 Legal Counsel 409779 Drisko Studio Architects Inc 1624 Wilshire Blvd Santa Monica CA 90403 Architect 299930 13 316828 12193449 974627 12510277 Tuition, Room & Board 611600 57787184 57787184 Co-Curricular Op. 611600 300212 300212 Summer Programs 611600 178369 178369 Fed Grants & Contracts 611600 54599 54599 209584 209584 58529948 2013862 -726489 2740351 292810 266071 26739 26739 26739 132194514 28178621 129473624 14619747 2720890 13558874 16279764 16279764 52484 40019 12465 12465 89373055 58529948 -726489 19059319 15734679 15734679 2071872 964919 641583 465370 37120 37120 20564104 17648452 1171622 1744030 2203326 1683640 341449 178237 2534749 2321591 8984 204174 1527374 1132182 257232 137960 597023 597023 154456 154456 17319 17319 603308 603308 1897929 1564128 234696 99105 1010344 552622 225056 232666 4133554 3769063 158262 206229 220508 141777 53838 24893 2065476 1903551 147234 14691 1341851 1136025 77053 128773 5064 4710 354 1617675 1603927 9865 3883 11230455 9941399 1277637 11419 4079193 3963422 101380 14391 255969 7716 248253 Building Repair 1805498 1632444 149644 23410 Books and Periodicals 37096 37096 354583 255259 62393 36931 76100525 65998602 6558088 3543835 946967 260177 44136245 38263845 20401830 23136946 589986 543985 144600 144642 61849 63898 1606706 1719112 144492194 55194177 86578438 89298017 126019920 159613100 137366445 141443035 4732020 4652638 18576196 18919461 441161202 478058856 4525582 4615630 1879985 1255062 36708818 37251378 5117931 6973376 48232316 50095446 X 99716206 107029836 159879915 181060079 133332765 139873495 392928886 427963410 441161202 478058856 X 13272530 20293151 1468843 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 418492 18750039 X X X X 0 287855306 6331133 39739102 3409059 11279856 829890 318406736 258710735 13646971 30724823 3426397 11033181 767645 287855306 269531560 1530313 2521406 3448159 10663297 761088 258710735 237299803 4300781 41590496 3091897 9852141 715482 269531560 215133918 10302083 25136753 2846661 9754362 671928 237299803 0.10490 0.37900 0.51610 1 0 2497321 2497321 631497 126075154 43734868 82971783 10624886 8699609 1925277 4663336 2759700 1903636 89298017 Growth oriented hedge funds 18049570 F Diversifying hedge funds 40659290 F Bond reserve fund 388165 F Private equity 78997650 F Other assets 3348360 C 141443035 Life income and annuities payable 4027176 Liability for staff retirement 422424 Government advances for student loans 1560871 Funds held in trust for others 122655 Asset retirement obligation 840250 6973376 X 95103152 20293151 1774933 22068084 73035068 603308 15734679 16337987 89373055 60068628 306090 306090 59762538 603308 15734679 16337987 76100525 Part III, Line 4: Scripps' collection of art and rare books enrich the teaching of art and humanities at the College, as well as, the cultural community of the Claremont Colleges and environs. Part V, Line 4: Scripps invests its endowment with the objective to preserve and enhance its purchasing power to support the core mission of the College. The Board of Trustees has adopted a spending policy for pooled investments whereby the amount of investment return available for current operations is determined by applying 5.45% and 5.35% to the twenty-quarter average market value of pooled investments for the years ended June 30, 2014 and 2013, respectively. Part X, Line 2: The College has no unrecognized tax benefits as of June 30, 2014 and 2013. The College is no longer subject to income tax examinations by taxing authorities for years before 2010 for its federal filings and for years before 2009 for its state filings. Part XI, Line 2d - Other Adjustments: Unrelated Business Loss from Alternative Investments 763,548. Cost of Goods Sold 40,019. Rental Expense 266,071. Actuarial Adjustment of Annuity and Life Income Liabilities 534,172. Other Comprehensive Pension Loss 171,123. Part XI, Line 4b - Other Adjustments: Student Financial Aid 15,734,679. Part XII, Line 2d - Other Adjustments: Cost of Goods Sold 40,019. Rental Expense 266,071. Part XII, Line 4b - Other Adjustments: Student Financial Aid 15,734,679. 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 accessible on the college web-site Schedule E, Part I, Line 6 The college participates in the following federal programs: Federal Supplemental Educational Opportunity; Federal Family Education Loans; Federal Work-Study Program; Federal Perkins Loans; Federal Pell Grant Program. Central America and the Caribbean 0 0 Investments 91445056 0 0 0 0 0 0 91445056 0 91445056 1 0 0 0 1 0 X X X X X X 1 Washburn & McGoldrick Inc 950 New Loudon Rd 200 Latham NY 12110 Fundraising/Campaign Counsel 0 0 17319 -17319 17319 -17319 CA 1 Student Financial Aid 614 15734679 Part I, Line 2: Use of grant funds is monitored through student financial aid and billing process. X X X X 1 1 X X X X X 0 1 0 0 0 0 0 1 0 Lori Bettison-Varga President 374014 0 55695 0 3804 0 70200 0 95634 0 599347 0 0 0 Joanne Coville-through 12614 VP/Business Affairs/Treasurer 237900 0 0 0 0 0 28800 0 2586 0 269286 0 0 0 Amy Marcus-Newhall VP Academic Affairs/Dean of Faculty 207423 0 0 0 437 0 25827 0 7986 0 241673 0 0 0 Michael Archibald VP for Institutional Advancement 236721 0 0 0 49363 0 29304 0 13499 0 328887 0 0 0 Victoria Romero VP for Admissions 161116 0 0 0 0 0 19780 0 11556 0 192452 0 0 0 Megan Callaway AVP for Institutional Advancement 144890 0 0 0 0 0 17636 0 9805 0 172331 0 0 0 Anthony Crowley Faculty 106235 0 0 0 58641 0 13242 0 9970 0 188088 0 0 0 Marylou Ferry VP Marketing and Communications 175992 0 0 0 0 0 21119 0 477 0 197588 0 0 0 Alan Hartley Faculty 150298 0 0 0 0 0 18036 0 419 0 168753 0 0 0 Cheryl Walker Faculty 147104 0 0 0 0 0 17703 0 6929 0 171736 0 0 0 Sally Steffen - through 32013 Chief of Staff/Board Secretary 106292 0 0 0 6864 0 13810 0 6402 0 133368 0 0 0 Part I, Line 1a - All travel for companions of the President is approved by the Board. - The President's written contract includes housing as a condition of employment. It also includes monthly dues for one social club membership for the purpose of conducting college business. No personal social activities are conducted at the social club, therefore, the dues are not included in taxable income. Cleaning services to the President's house are provided 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. No material services are performed in the private use portion of the residence, therefore, the value of the services is not included in taxable compensation. Part I, Line 4b President Bettison-Varga participated in a supplemental non-qualified retirement plan in the amount of $39,000. Part I, Line 7 The compensation committee recommends bonuses based on annual performance. A California Educational Facilities Authority 521705592 130178LP9 2007-10-31 30547404 Financing and refinancing 0 0 0 B California Municipal Finance Authority 201563466 2013-06-20 19875000 Financing and Refinancing 0 0 0 A 2310000 29738978 2460915 525943 326000 13255285 2008 0 1 1 1 B 9144444 193267 1858523 7092654 0 1 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 1 0 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: 06/30/2013 Schedule K, part I, line A, column (f): Description of Purpose: Financing and refinancing the acquisition, construction, improvement, rehabilitation, renovation, and equipping of certain educational facilities. Schedule K, Part II, Line 3, Column A Difference between Part I, Issue Price & Part II, Line 3: The difference is due to what was issued and what was actually drawn down. X 10 418492 Appraisal X 36 540563 FMV X Miscellaneous 3 15572 Purchase Price 4 0 1 0 Form 990, Part VI, Section A, line 2 Bonnie Wozencroft, a trustee, and Stephen Wozencroft, a trustee, are husband and wife. Form 990, Part VI, Section B, line 11 Scripps utilizes a process for review of the IRS Form 990 Return of Organization Exempt from Income Tax that involves members of management as well as governing board members. Scripps has engaged an outside accounting firm to prepare the Form 990 using information provided by Financial Services, the Office of Human Resources, and the Treasurer's Office. Corrections are made as needed. Once a revised draft is available, it is reviewed by the Controller, Assistant Controller, Assistant Treasurer/Director of Budgeting, Assistant Treasurer/Director of Investments, and the Vice President of Business Affairs/Treasurer. After this review and any resulting changes are complete, the revised draft Form 990 (redacted Schedule B -- Schedule of Contributors) is provided to members of the Scripps Audit Committee of the Board of Trustees for questions and comments in mid-April. Once questions and comments from the Audit Committee are fielded and issues resolved, the Audit Committee accepts the Form 990 with redacted Schedule B. The Form 990 with redacted Schedule B is made available to all voting members of the Board of Trustees for their review prior to filing in early May. Schedule B is available for review by members of the Board of Trustees only upon request. Form 990, Part VI, Section B, line 12c All officers, trustees and key employees sign a conflict of interest policy. Signed policies are reviewed by Assistant Treasurer/Director of Investments, and any conflicts noted are followed up by Assistant Treasurer and reported to Audit Committee. Form 990, Part VI, Section B, line 15 The compensation of the President of the College was approved by the Board of Trustees upon the recommendation of the Compensation Committee of the Board of Trustees. The responsibilities of the Compensation Committee include coordinating the annual evaluation of the President; coordinating a 360-degree performance evaluation of the President against specific competencies set by the Board at appropriate intervals; reviewing the goals and objectives set by the Board; recommending salary increases and compensation structure and packages for the President to the Board; reviewing external market trends in compensation of presidents of comparable colleges and their respective officers, key employees and disqualified persons; and advising the President on compensation structures for officers, key employees and disqualified persons and such other matters as shall be determined by the Board. The review of compensation of the officers or key employees was conducted by the President of the College, who solicited the advice and counsel of the Board of Trustees Compensation Committee, which also reviewed comparability data. Form 990, Part VI, Section C, line 19 - Audited financial statements, principles of community, Code of Conduct and Whistle-blower policy are available on the College's website and upon request from the Treasurer's Office. - Governing documents and conflict of interest policy are made available to the public upon request. Form 990, Part XI, line 9: Other Comprehensive Pension Loss 171,123. Unrelated Business Loss from Alternative Investments 763,548. Actuarial Adjustment of Annuity and Life Income Liabilities 534,172. Claremont University Consortium 101 S Mills Ave Claremont CA 91711 954786748 Provide academic and business services CA 501(c)(3) Line 11a, I N/A 0 Charitable Remainder Unitrusts (5) 1030 Columbia Ave Claremont CA 91711 Holding Co CA Scripps College T 1 Pooled Income Funds (1) 1030 Columbia Ave Claremont CA 91711 Holding Co CA Scripps College T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0