CLAREMONT MCKENNA COLLEGE: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- CLAREMONT MCKENNA COLLEGE (EIN 95-1664101)
- Tax period
- 2013-07-01 to 2014-06-30
- Filed
- 2015-05-13
- IRS object ID
- 201531339349302833
- Schema version
- 2013v4.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule I
- Schedule J
- Schedule K
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-05-13T13:27:34-05:00 | ReturnTs |
| Tax Period End | 2014-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 910189318 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Moss Adams LLP | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3121 West March Lane Suite 100 | AddressLine1 |
| City | Stockton | City |
| State | CA | State |
| ZIP Code | 95219 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 951664101 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Claremont McKenna College | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CLAR | BusinessNameControlTxt |
| Phone | 9096218043 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 E Ninth Street | AddressLine1 |
| City | Claremont | City |
| State | CA | State |
| ZIP Code | 91711 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Mia Alonzo | PersonNm |
| Person Title | Controller | PersonTitleTxt |
| Phone | 9096218043 | PhoneNum |
| Signature | 2015-05-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Tracy S Paglia | PreparerPersonNm |
| PTIN | P00366884 | PTIN |
| Phone | 2099556100 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Hiram Chodosh | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 E Ninth Street | AddressLine1 |
| City | Claremont | City |
| State | CA | State |
| ZIP Code | 91711 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $851,894,595 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.claremontmckenna.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1946 | FormationYr |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Activity Or Mission | CMC is an independent, residential, liberal arts college whose mission is to educate its students for responsible eadership in business, government, and the professions. | ActivityOrMissionDesc |
| Voting Members Governing Body | 45 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 44 | VotingMembersIndependentCnt |
| Total Employee | 1798 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | -$2,047,601 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$2,137,199 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $30,956,801 | PYContributionsGrantsAmt |
| CY Contributions Grants | $25,735,835 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $75,337,658 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $79,424,096 | CYProgramServiceRevenueAmt |
| PY Investment Income | $41,286,157 | PYInvestmentIncomeAmt |
| CY Investment Income | $51,133,774 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,303,855 | PYOtherRevenueAmt |
| CY Other Revenue | $1,300,454 | CYOtherRevenueAmt |
| PY Total Revenue | $148,884,471 | PYTotalRevenueAmt |
| CY Total Revenue | $157,594,159 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $20,743,168 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $21,137,923 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $50,891,858 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $52,799,243 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $4,507,799 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $49,871,092 | PYOtherExpensesAmt |
| CY Other Expenses | $51,136,069 | CYOtherExpensesAmt |
| PY Total Expenses | $121,506,118 | PYTotalExpensesAmt |
| CY Total Expenses | $125,073,235 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $27,378,353 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $32,520,924 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,150,673,481 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,262,675,839 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $232,230,326 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $234,602,194 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $918,443,155 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $1,028,073,645 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | 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 contribute 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. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $105,649,648 | ExpenseAmt |
| Grant | $21,137,923 | GrantAmt |
| Revenue | $79,218,644 | RevenueAmt |
| Desc | The College's primary exempt purpose achievement 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. | Desc |
| Total Program Service Expenses | $105,649,648 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (1) | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 2137 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 1798 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | Yes (1) | ForeignFinancialAccountInd |
| Foreign Country | CJ | ForeignCountryCd |
| Foreign Country | EI | ForeignCountryCd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 45 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 44 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Mia Alonzo | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9096218043 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 101 S Mills Ave | AddressLine1 |
| City | Claremont | City |
| State | CA | State |
| ZIP Code | 91711 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionAGrp (60 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|---|
| Abbott L Brown | ||||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Akshata N Murty | ||||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Arie Steven Crown | ||||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Barton Evans | ||||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Bruce Soll | ||||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Carolyn H Kuhl | ||||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Christine H Mann | ||||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Christopher V Walker | ||||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| David Drier | ||||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| David G Mgrublian | ||||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Douglas L Peterson | ||||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| E David Hetz | ||||||||||
| Vice Chair of the Board | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||||
| Fredric J Prager | ||||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| G Jeffrey Records Jr | ||||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| George R Roberts | ||||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Gregory Hinckley | ||||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Harry T McMahon | ||||||||||
| Chair of the Board | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | 1.00 | |||
| Henry R Kravis | ||||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Hiram Chodosh | ||||||||||
| President | 40.00 | Yes (X) | $234,852 | $0 | $81,830 | Yes (X) | 3.00 | |||
| James B Bemowski | ||||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| James B McElwee | ||||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Jeffrey S Klein | ||||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Jill Mullen | ||||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| John C Pritzlaff III | ||||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| John Isaacson | ||||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| John McDowell | ||||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Julie Sweet | ||||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Karl M Schade | ||||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Kenneth J Valach | ||||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Kenneth M Novack | ||||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Laura Grisolano | ||||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Michael Larson | ||||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Nancy K Falk | ||||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Perry A Lerner | ||||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Peter K Barker | ||||||||||
| Vice Chair of the Board | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||||
| Rey Ramsey | ||||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Robert A Day | ||||||||||
| Vice Chair of the Board | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||||
| Robert C Nakasone | ||||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Robert J Lowe | ||||||||||
| Vice Chair of the Board | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||||
| Rossi Russell | ||||||||||
| Trustee | 1.00 | Yes (X) | $6,440 | $0 | $0 | |||||
| Shaw B Wagener | ||||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Steven L Eggert | ||||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Thomas B Neff | ||||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Thomas C Leppert | ||||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Thomas M Mitchell | ||||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| William F Podlich | ||||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | |||||
| Matthew Bibbens | ||||||||||
| VP, Admin & Plan, Gen; Coun, Sec of the College | 40.00 | $213,454 | $0 | $54,476 | Yes (X) | 1.00 | ||||
| Mia Alonzo | ||||||||||
| Controller | 4.00 | $0 | $117,397 | $25,837 | Yes (X) | 20.00 | ||||
| Robin Aspinall | ||||||||||
| VP, Business & Administration/Tresurer | 40.00 | $272,998 | $0 | $46,810 | Yes (X) | 1.00 | ||||
| Ernest Iseminger | ||||||||||
| VP for Development and External Relations | 40.00 | $340,907 | $0 | $43,142 | Yes (X) | |||||
| James Floyd | ||||||||||
| VP and Chief Investment Officer | 40.00 | $257,700 | $0 | $26,592 | Yes (X) | |||||
| Jefferson Huang | ||||||||||
| VP for Stu Aff, Adm, and Fin Aid | 40.00 | $223,863 | $0 | $41,587 | Yes (X) | |||||
| John Faranda | ||||||||||
| VP, Alumni and Parent Relations | 40.00 | $188,172 | $0 | $33,577 | Yes (X) | |||||
| Nicholas Warner | ||||||||||
| Interim VP Acad Affairs & Dean of Faculty | 40.00 | $174,334 | $0 | $27,122 | Yes (X) | |||||
| Eric Hughson | ||||||||||
| Faculty | 40.00 | $316,058 | $0 | $42,947 | Yes (X) | |||||
| Janet Smith | ||||||||||
| Faculty | 40.00 | $272,696 | $0 | $39,068 | Yes (X) | |||||
| Lisa Meulbroek | ||||||||||
| Faculty | 40.00 | $328,650 | $0 | $29,302 | Yes (X) | |||||
| Pamela Gann | ||||||||||
| Faculty | 40.00 | $511,373 | $0 | $57,588 | Yes (X) | |||||
| Stephen Blomberg | ||||||||||
| Faculty | 40.00 | $294,917 | $0 | $64,681 | Yes (X) | |||||
| Gregory Hess | ||||||||||
| Former VP Acad Aff & Dean of Fac | 40.00 | $186,593 | $0 | $34,353 | Yes (X) | |||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,823,007 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $117,397 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $648,912 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 130 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1 | CityContractorAddress/USAddress/City | StateContractorAddress/USAddress/State | ZIP CodeContractorAddress/USAddress/ZIPCode | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Del Amo Construction Inc | |||||
| 23840 Madison Street | Torrance | CA | 90505 | Construction | $16,917,134 |
| Bon Appetit Inc | |||||
| 1000 West Temple Street | Los Angeles | CA | 900740196 | Food Service | $2,578,884 |
| John Friedman Alice Kimm Architects | |||||
| 701 E 3rd St Suite 300 | Los Angeles | CA | 90013 | Architects | $2,185,889 |
| Pfeiffer Partners Architects Inc | |||||
| 811 West 7th Street | Los Angeles | CA | 90017 | Architects | $1,949,668 |
| Cambridge Associates LLC | |||||
| PO Box 83232 | Chicago | IL | 606910232 | Consultant Services | $1,102,826 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 33 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $278,443 | GovernmentGrantsAmt |
| All Other Contributions | $25,457,392 | AllOtherContributionsAmt |
| Noncash Contributions | $2,122,614 | NoncashContributionsAmt |
| Total Contributions | $25,735,835 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| Tuition & fees | 611600 | $77,138,760 | $77,138,760 | |
| Private contracts | 900099 | $853,972 | $853,972 | |
| Children sch. tuition | 611710 | $614,471 | $614,471 | |
| Fed. grants & contracts | 611600 | $510,622 | $510,622 | |
| Rental & catering | 531390 | $205,599 | $147 | $205,452 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $100,672 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $100,672 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $79,424,096 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $6,287,150 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$2,047,601 | UnrelatedBusinessRevenueAmt |
| Exclusion | $8,334,751 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $200,669 | TotalRevenueColumnAmt |
| Exclusion | $200,669 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $514 | TotalRevenueColumnAmt |
| Exclusion | $514 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $892,828 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $535,918 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $356,910 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $356,910 | TotalRevenueColumnAmt |
| Exclusion | $356,910 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $738,410,473 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $693,764,518 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $44,645,955 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $44,645,955 | TotalRevenueColumnAmt |
| Exclusion | $44,645,955 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| Miscellaneous income | 900099 | $873,200 | $873,200 |
| Vending, store & laundry | 453000 | $69,830 | $69,830 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $943,030 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $157,594,159 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $79,218,644 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$2,047,601 | UnrelatedBusinessRevenueAmt |
| Exclusion | $54,687,281 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,137,923 | TotalAmt |
| Program Services | $21,137,923 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,690,713 | TotalAmt |
| Program Services | $855,466 | ProgramServicesAmt |
| Management And General | $1,075,694 | ManagementAndGeneralAmt |
| Fundraising | $759,553 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $208,053 | TotalAmt |
| Program Services | $208,053 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $38,172,931 | TotalAmt |
| Program Services | $34,314,524 | ProgramServicesAmt |
| Management And General | $2,141,653 | ManagementAndGeneralAmt |
| Fundraising | $1,716,754 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,488,537 | TotalAmt |
| Program Services | $3,830,931 | ProgramServicesAmt |
| Management And General | $431,104 | ManagementAndGeneralAmt |
| Fundraising | $226,502 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,315,711 | TotalAmt |
| Program Services | $3,625,272 | ProgramServicesAmt |
| Management And General | $416,587 | ManagementAndGeneralAmt |
| Fundraising | $273,852 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,923,298 | TotalAmt |
| Program Services | $2,495,940 | ProgramServicesAmt |
| Management And General | $280,162 | ManagementAndGeneralAmt |
| Fundraising | $147,196 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $471,692 | TotalAmt |
| Program Services | $14,230 | ProgramServicesAmt |
| Management And General | $457,462 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $299,909 | TotalAmt |
| Management And General | $299,909 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,468,159 | TotalAmt |
| Management And General | $3,468,159 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,125,233 | TotalAmt |
| Program Services | $2,443,609 | ProgramServicesAmt |
| Management And General | $520,371 | ManagementAndGeneralAmt |
| Fundraising | $161,253 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,631,811 | TotalAmt |
| Program Services | $661,738 | ProgramServicesAmt |
| Management And General | $715,676 | ManagementAndGeneralAmt |
| Fundraising | $254,397 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,449,739 | TotalAmt |
| Program Services | $3,738,503 | ProgramServicesAmt |
| Management And General | $491,594 | ManagementAndGeneralAmt |
| Fundraising | $219,642 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,422,248 | TotalAmt |
| Program Services | $1,228,692 | ProgramServicesAmt |
| Management And General | $79,269 | ManagementAndGeneralAmt |
| Fundraising | $114,287 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,251,367 | TotalAmt |
| Program Services | $2,116,040 | ProgramServicesAmt |
| Management And General | $104,573 | ManagementAndGeneralAmt |
| Fundraising | $30,754 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,653,142 | TotalAmt |
| Program Services | $3,211,850 | ProgramServicesAmt |
| Management And General | $187,356 | ManagementAndGeneralAmt |
| Fundraising | $253,936 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $167,141 | TotalAmt |
| Program Services | $122,710 | ProgramServicesAmt |
| Management And General | $35,010 | ManagementAndGeneralAmt |
| Fundraising | $9,421 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,975,678 | TotalAmt |
| Program Services | $6,654,538 | ProgramServicesAmt |
| Management And General | $238,832 | ManagementAndGeneralAmt |
| Fundraising | $82,308 | FundraisingAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,918,818 | TotalAmt |
| Program Services | $5,058,173 | ProgramServicesAmt |
| Management And General | $2,790,512 | ManagementAndGeneralAmt |
| Fundraising | $70,133 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,986,607 | TotalAmt |
| Program Services | $7,528,901 | ProgramServicesAmt |
| Management And General | $340,396 | ManagementAndGeneralAmt |
| Fundraising | $117,310 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $455,842 | TotalAmt |
| Program Services | $152,633 | ProgramServicesAmt |
| Management And General | $281,642 | ManagementAndGeneralAmt |
| Fundraising | $21,567 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Food & housing | $3,113,755 | $3,020,824 | $80,900 | $12,031 |
| Building repair | $1,753,992 | $1,695,733 | $45,212 | $13,047 |
| Noncap equip | $563,743 | $537,170 | $24,884 | $1,689 |
| Books & periodicals | $144,965 | $136,693 | $5,708 | $2,564 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,282,228 | TotalAmt |
| Program Services | $859,502 | ProgramServicesAmt |
| Management And General | $403,123 | ManagementAndGeneralAmt |
| Fundraising | $19,603 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $125,073,235 | TotalAmt |
| Program Services | $105,649,648 | ProgramServicesAmt |
| Management And General | $14,915,788 | ManagementAndGeneralAmt |
| Fundraising | $4,507,799 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,659,019 | BOYAmt |
| EOY | $732,384 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,118,884 | BOYAmt |
| EOY | $26,540,114 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $206,532,776 | BOYAmt |
| EOY | $196,766,157 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,217,973 | BOYAmt |
| EOY | $4,957,145 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $72,757 | BOYAmt |
| EOY | $63,179 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,500,668 | BOYAmt |
| EOY | $6,372,644 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $292,696,823 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $79,977,942 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $186,498,646 | BOYAmt |
| EOY | $212,718,881 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $433,439,821 | BOYAmt |
| EOY | $500,068,392 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $274,424,685 | BOYAmt |
| EOY | $297,247,956 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,348,633 | BOYAmt |
| EOY | $10,989,724 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,859,619 | BOYAmt |
| EOY | $6,219,263 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,150,673,481 | BOYAmt |
| EOY | $1,262,675,839 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,123,117 | BOYAmt |
| EOY | $17,818,525 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,289,309 | BOYAmt |
| EOY | $1,752,385 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $162,349,431 | BOYAmt |
| EOY | $162,158,378 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,072,139 | BOYAmt |
| EOY | $983,030 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $51,396,330 | BOYAmt |
| EOY | $51,889,876 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $232,230,326 | BOYAmt |
| EOY | $234,602,194 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $211,539,562 | BOYAmt |
| EOY | $244,906,535 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $413,013,068 | BOYAmt |
| EOY | $475,272,755 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $293,890,525 | BOYAmt |
| EOY | $307,894,355 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $918,443,155 | BOYAmt |
| EOY | $1,028,073,645 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,150,673,481 | BOYAmt |
| EOY | $1,262,675,839 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $32,520,924 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $72,073,705 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $5,035,861 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $711,903,791 | BeginningYearBalanceAmt |
| Contributions | $10,404,200 | ContributionsAmt |
| Investment Earnings Or Losses | $116,565,027 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $8,065,887 | GrantsOrScholarshipsAmt |
| Other Expenditures | $19,829,453 | OtherExpendituresAmt |
| Administrative Expenses | $4,095,558 | AdministrativeExpensesAmt |
| End Year Balance | $806,882,120 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $632,470,112 | BeginningYearBalanceAmt |
| Contributions | $12,135,943 | ContributionsAmt |
| Investment Earnings Or Losses | $95,707,378 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $7,539,559 | GrantsOrScholarshipsAmt |
| Other Expenditures | $16,752,664 | OtherExpendituresAmt |
| Administrative Expenses | $4,117,419 | AdministrativeExpensesAmt |
| End Year Balance | $711,903,791 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $651,200,402 | BeginningYearBalanceAmt |
| Contributions | $11,476,757 | ContributionsAmt |
| Investment Earnings Or Losses | -$922,179 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $7,393,873 | GrantsOrScholarshipsAmt |
| Other Expenditures | $18,066,286 | OtherExpendituresAmt |
| Administrative Expenses | $3,824,709 | AdministrativeExpensesAmt |
| End Year Balance | $632,470,112 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $571,947,973 | BeginningYearBalanceAmt |
| Contributions | $11,786,353 | ContributionsAmt |
| Investment Earnings Or Losses | $96,375,840 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $7,340,993 | GrantsOrScholarshipsAmt |
| Other Expenditures | $17,689,208 | OtherExpendituresAmt |
| Administrative Expenses | $3,879,563 | AdministrativeExpensesAmt |
| End Year Balance | $651,200,402 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $513,512,739 | BeginningYearBalanceAmt |
| Contributions | $17,195,554 | ContributionsAmt |
| Investment Earnings Or Losses | $69,610,780 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $7,184,110 | GrantsOrScholarshipsAmt |
| Other Expenditures | $17,251,378 | OtherExpendituresAmt |
| Administrative Expenses | $3,935,612 | AdministrativeExpensesAmt |
| End Year Balance | $571,947,973 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.19480 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.35070 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.45450 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,010,328 | OtherCostOrOtherBasisAmt |
| Book Value | $5,010,328 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $194,690,307 | OtherCostOrOtherBasisAmt |
| Depreciation | $56,094,176 | DepreciationAmt |
| Book Value | $138,596,131 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $27,120,936 | OtherCostOrOtherBasisAmt |
| Depreciation | $17,086,711 | DepreciationAmt |
| Book Value | $10,034,225 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $65,875,252 | OtherCostOrOtherBasisAmt |
| Depreciation | $6,797,055 | DepreciationAmt |
| Book Value | $59,078,197 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $212,718,881 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (5 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| Assets whose use is limited | $5,212,104 | F |
| Private equity and venture capital | $99,093,607 | F |
| Real Estate, Energy, & Timber | $53,125,870 | F |
| Long/Short Equity | $49,391,041 | F |
| Absolute Return Funds | $90,425,334 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $297,247,956 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)
| DescDesc | AmtAmt |
|---|---|
| Annuities payable | $44,045,976 |
| Defined benefit plan payable | $746,282 |
| Funds held in trust | $3,127,854 |
| Government advance for student loans | $3,240,704 |
| Asset Retirement Obligation | $729,060 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $51,889,876 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $210,345,470 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $72,073,705 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $5,571,779 | OtherRevenueAmt |
| Revenue Not Reported | $77,645,484 | RevenueNotReportedAmt |
| Revenue Subtotal | $132,699,986 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $4,095,324 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $20,798,849 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $24,894,173 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $157,594,159 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $100,714,980 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $535,918 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $535,918 | ExpensesNotReportedAmt |
| Expenses Subtotal | $100,179,062 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $4,095,324 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $20,798,849 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $24,894,173 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $125,073,235 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 X, Line 2: | The College had no unrecognized tax benefits and/or obligations at June 30, 2014 and 2013. |
| Part XI, Line 2d - Other Adjustments: | Rental expenses reclassified to Form 990, part VIII, line 6b 535,918. Actuarial adjustment 4,742,241. Staff retirement plan comprehensive loss 293,620. |
| Part XI, Line 4b - Other Adjustments: | Student aid, reclassified to expenses 20,798,849. |
| Part XII, Line 2d - Other Adjustments: | Rental expenses reclassified to Form 990, part VIII, line 6b 535,918. |
| Part XII, Line 4b - Other Adjustments: | Student aid, reclassified to expenses 20,798,849. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule E, Part I, Line 3 | The College's Non-Discrimination Policy is publicized in brochures, 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. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (4 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|
| Central America and the Caribbean | 0 | 0 | Investments | $197,344,888 |
| Europe | 0 | 0 | Investments | $63,177,154 |
| North America | 0 | 0 | Investments | $533,686 |
| Sub-Saharan Africa | 0 | 0 | Investments | $120,319 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continutation Total Office | 0 | ContinutationTotalOfficeCnt |
| Continutation Total Employee | 0 | ContinutationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $261,176,047 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $261,176,047 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (1) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (1) | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | Financial Aid | GrantTypeTxt |
| Recipient | 703 | RecipientCnt |
| Cash Grant | $21,137,923 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | 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 of compliance requirements by participating in professional development workshops and reviewing federal compliance updates from the Department of Education and NASFAA. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (14 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Hiram Chodosh | ||||||||||||||
| President | $207,477 | $0 | $0 | $0 | $27,375 | $0 | $23,612 | $0 | $58,218 | $0 | $316,682 | $0 | $0 | $0 |
| Matthew Bibbens | ||||||||||||||
| VP, Admin & Plan, Gen; Coun, Sec of | $212,464 | $0 | $0 | $0 | $990 | $0 | $24,549 | $0 | $29,927 | $0 | $267,930 | $0 | $0 | $0 |
| Robin Aspinall | ||||||||||||||
| VP, Business & Administration/Tresur | $270,700 | $0 | $0 | $0 | $2,298 | $0 | $28,326 | $0 | $18,484 | $0 | $319,808 | $0 | $0 | $0 |
| Ernest Iseminger | ||||||||||||||
| VP for Development and External Rela | $312,150 | $0 | $25,000 | $0 | $3,757 | $0 | $28,326 | $0 | $14,816 | $0 | $384,049 | $0 | $0 | $0 |
| James Floyd | ||||||||||||||
| VP and Chief Investment Officer | $234,500 | $0 | $22,000 | $0 | $1,200 | $0 | $25,566 | $0 | $1,026 | $0 | $284,292 | $0 | $0 | $0 |
| Jefferson Huang | ||||||||||||||
| VP for Stu Aff, Adm, and Fin Aid | $221,961 | $0 | $0 | $0 | $1,902 | $0 | $25,063 | $0 | $16,524 | $0 | $265,450 | $0 | $0 | $0 |
| John Faranda | ||||||||||||||
| VP, Alumni and Parent Relations | $187,372 | $0 | $0 | $0 | $800 | $0 | $20,835 | $0 | $12,742 | $0 | $221,749 | $0 | $0 | $0 |
| Nicholas Warner | ||||||||||||||
| Interim VP Acad Affairs & Dean of Fa | $171,523 | $0 | $0 | $0 | $2,811 | $0 | $18,590 | $0 | $8,532 | $0 | $201,456 | $0 | $0 | $0 |
| Eric Hughson | ||||||||||||||
| Faculty | $315,218 | $0 | $0 | $0 | $840 | $0 | $28,326 | $0 | $14,621 | $0 | $359,005 | $0 | $0 | $0 |
| Janet Smith | ||||||||||||||
| Faculty | $269,575 | $0 | $0 | $0 | $3,121 | $0 | $28,326 | $0 | $10,742 | $0 | $311,764 | $0 | $0 | $0 |
| Lisa Meulbroek | ||||||||||||||
| Faculty | $320,759 | $0 | $0 | $0 | $7,891 | $0 | $28,326 | $0 | $976 | $0 | $357,952 | $0 | $0 | $0 |
| Pamela Gann | ||||||||||||||
| Faculty | $455,954 | $0 | $0 | $0 | $55,419 | $0 | $28,326 | $0 | $29,262 | $0 | $568,961 | $0 | $0 | $0 |
| Stephen Blomberg | ||||||||||||||
| Faculty | $288,068 | $0 | $0 | $0 | $6,849 | $0 | $28,326 | $0 | $36,355 | $0 | $359,598 | $0 | $0 | $0 |
| Gregory Hess | ||||||||||||||
| Former VP Acad Aff & Dean of Fac | $147,055 | $0 | $0 | $0 | $39,538 | $0 | $20,673 | $0 | $13,680 | $0 | $220,946 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I, Line 1a | - 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 as a condition of employment. - 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. 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. Because no personal social activities are conducted, the dues are not included in taxable compensation. |
| Part I, Line 4b | Pamela Gann participates in a nonqualified deferred compensation plan under section 457(f). A distribution of $32,133.08 was made from the plan during the year. Hiram Chodosh participates in a nonqualified deferred compensation plan under section 457(f). No distributions were made during the year. |
| Part I, Line 7 | Ernest Iseminger and James Floyd received a one-time performance-related bonus. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| California Educational Facilities Authority | ||||||||
| A | 521705592 | 130178RU2 | 2009-01-22 | $80,338,739 | See Part VI | 0 | 0 | 0 |
| California Educational Facilities Authority | ||||||||
| B | 521705592 | 130178HT6 | 2007-05-31 | $42,697,442 | See Part VI | 0 | 0 | 0 |
| California Educational Facilities Authority | ||||||||
| C | 521705592 | 130178C95 | 2011-07-07 | $5,908,645 | See Part VI | 0 | 0 | 0 |
| California Educational Facilities Authority | ||||||||
| D | 521705592 | 130178T48 | 2012-11-28 | $34,197,474 | See Part VI | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)
| Bond ReferenceBondReferenceCd | Total ProceedsTotalProceedsAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Capital ExpendituresCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | Substantial CompletionSubstantialCompletionYr | Current RefundingCurrentRefundingInd | Advance RefundingAdvanceRefundingInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | RetiredRetiredAmt | In Reserve FundInReserveFundAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $82,498,201 | $1,005,307 | $75,464,033 | $5,932,608 | 2012 | 0 | 0 | Yes (1) | Yes (1) | ||
| B | $44,443,284 | $595,011 | $30,007,312 | $12,132,532 | 2009 | Yes (1) | Yes (1) | Yes (1) | Yes (1) | $1,485,000 | |
| C | $5,908,645 | $116,290 | $5,908,645 | 2012 | Yes (1) | 0 | Yes (1) | Yes (1) | |||
| D | $34,240,027 | $459,038 | $25,348,353 | $7,964,062 | Yes (1) | 0 | 0 | Yes (1) | $255,000 | $1,144,871 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd | Engage Bond Counsel ContractsEngageBondCounselContractsInd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) | |
| B | 0 | 0 | Yes (1) | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) | Yes (1) |
| C | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) | |
| D | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd | Term Of GICTermOfGICPct | Regulatory Safe Harbor StsfdRegulatorySafeHarborStsfdInd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| (no name) | |||||||||||
| A | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) | ||
| Hypo Public Finance | |||||||||||
| B | 0 | 0 | 0 | Yes (1) | 0 | 0 | Yes (1) | 0 | Yes (1) | 5.100000000000 | Yes (1) |
| (no name) | |||||||||||
| C | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) | ||
| (no name) | |||||||||||
| D | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) | ||
Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
| C | Yes (1) |
| D | Yes (1) |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Date Rebate Computation Performed | Issuer Name: California Educational Facilities Authority Date the Rebate Computation was Performed: 02/21/2012 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 |
| Schedule K Supplental Information | Part I, column (f) Description of Purpose: Bond (a) - Finance the cost of acquisition/construction of new educational facilities & refunding of bonds. Bond (b) - Finance the cost of acquisition/construction of new educational facilities. 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 agerement 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, 2014, the College had borrowed approximately $1,000,000 for the purposes of financing the cost of acquisition and construction of new educational facilities. |
| Schedule K, Part III, line 3a, column C: | Euclid Management manages the College's single-family rental home inventory for its rental program to faculty and staff, however, it was determined there is no private business issue due to safe harbor rules. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | California Municipal Finance Authority | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 201563466 | BondIssuerEIN |
| Bond Issued | 2013-12-11 | BondIssuedDt |
| Issue Price | $24,937,500 | IssuePriceAmt |
| Purpose | See Part VI | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Retired | $9,491 | RetiredAmt |
| Total Proceeds | $1,124,591 | TotalProceedsAmt |
| Issuance Costs From Proceeds | $124,591 | IssuanceCostsFromProceedsAmt |
| Capital Expenditures | $1,000,000 | CapitalExpendituresAmt |
| Current Refunding | 0 | CurrentRefundingInd |
| Advance Refunding | 0 | AdvanceRefundingInd |
| Final Allocation Made | 0 | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | 0 | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | 0 | MgmtContractBondFincdPropInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Private Bus Use By Others | 0.00000 | PrivateBusUseByOthersPct |
| Private Bus Concerning UBI | 0.00000 | PrivateBusConcerningUBIPct |
| Total Private Business Use | 0.00000 | TotalPrivateBusinessUsePct |
| Bond Iss Meet Prvt Sec Pymt Test | 0 | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | Yes (1) | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiledInd |
| Rebate Not Due Yet | 0 | RebateNotDueYetInd |
| Exception To Rebate | Yes (1) | ExceptionToRebateInd |
| No Rebate Due | 0 | NoRebateDueInd |
| Variable Rate Issue | 0 | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | 0 | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | Yes (1) | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | Yes (1) | ProceduresCorrectiveActionInd |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Jefferson Huang | PersonNm |
| Relationship With Org | VP for Student Affairs, Admission & Financial Aid | RelationshipWithOrgTxt |
| Loan Purpose | Housing Assistance | LoanPurposeTxt |
| Loan From Organization | Yes (X) | LoanFromOrganizationInd |
| Original Principal | $100,000 | OriginalPrincipalAmt |
| Balance Due | $63,179 | BalanceDueAmt |
| Default | 0 | DefaultInd |
| Board Or Committee Approval | Yes (1) | BoardOrCommitteeApprovalInd |
| Written Agreement | Yes (1) | WrittenAgreementInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $63,179 | TotalBalanceDueAmt |
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (4 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| Mary Spellman | |||
| Family Member of Julie T. Spellman Sweet, Trustee | $132,057 | Employment | 0 |
| Amy Bibbens | |||
| Family Member of Matthew Bibbens, Officer | $75,996 | Employment | 0 |
| Lora Hess | |||
| Family Member of Gregory Hess, Key Employee | $18,428 | Employment | 0 |
| Catherine Huang | |||
| Family Member of Jefferson Huang, Key Employee | $31,906 | Employment | 0 |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 31 | ContributionCnt |
| Noncash Contributions Rpt F990 | $1,155,016 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
Securities Closely Held Stock SecuritiesCloselyHeldStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $401,500 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
Real Estate Residential RealEstateResidentialGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 2 | ContributionCnt |
| Noncash Contributions Rpt F990 | $540,000 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Desc | Supplies | Desc |
| Contribution | 13 | ContributionCnt |
| Noncash Contributions Rpt F990 | $26,098 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 5 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section A, line 2 | Henry R. Kravis and George R. Roberts are partners of Kohlberg Kravis Robert & Co. |
| Form 990, Part VI, Section B, line 11 | 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 Claremont University Consortium's 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 Vice President for Business and Administration/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 member 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 of all corporate officers, key employees, and 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. |
| 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 4,742,241. Staff retirement plan comprehensive loss 293,620. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (4 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Direct Controlling NADirectControllingNACd | Controlled OrganizationControlledOrganizationInd | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Claremont University Consortium | |||||||||||
| 101 S Mills Ave | Claremont | CA | 91711 | 954786748 | Supporting Organization | CA | 501(c)(3) | 11a, type I | N/A | 0 | |
| Claremont McKenna College Foundation | |||||||||||
| 500 E 9th Street | Claremont | CA | 91711 | 330735781 | Supporting Organization | CA | 501(c)(3) | 11a, type I | Yes (1) | Claremont McKenna College | |
| Milosz Institute & Archives | |||||||||||
| 850 Columbia Ave Adams Hall 208 | Claremont | CA | 91711 | 270402963 | Archive and Research | CA | 501(c)(3) | 11a, type I | Yes (1) | Claremont McKenna College | |
| Children's Education Center of Claremont | |||||||||||
| 500 E 9th Street | Claremont | CA | 91711 | 954508952 | Preschool and Elementary School | CA | 501(c)(3) | Line 2 | Yes (1) | Claremont McKenna College | |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (3 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Direct Controlling NADirectControllingNACd | Entity TypeEntityTypeTxt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|
| Pooled Income Fund (1) | ||||||||
| 101 South Mills Ave | Claremont | CA | 91711 | Holdings | CA | N/A | T | 0 |
| Pre-69 Trusts (5) | ||||||||
| 101 South Mills Ave | Claremont | CA | 91711 | Holdings | CA | N/A | T | 0 |
| Charitable Remainder Unitrust (16) | ||||||||
| 101 South Mills Ave | Claremont | CA | 91711 | Holdings | CA | N/A | T | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (1) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |