2014-05-13T16:53:44-05:00 2013-06-30 910189318 Moss Adams LLP 3121 West March Lane Suite 100 Stockton CA 95219 990 2012-07-01 951664101 Claremont McKenna College CLAR 9096218043 500 E Ninth Street Claremont CA 91711 Mia Alonzo 9096218043 2014-05-12 1 TRACY S PAGLIA P00366884 2099556100 2012 2015-11-30 17:44:51Z Pamela Gann 500 E Ninth Street Claremont CA 91711 748362865 0 X www.claremontmckenna.edu X 1946 CA CMC is an independent, residential, liberal arts college whose mission is to educate its students for responsible leadership in business, government, and the professions. 42 41 1804 0 -310173 -1740115 71256118 30956801 73989930 75337658 20365857 41286157 1460499 1303855 167072404 148884471 20039546 20743168 0 0 47899441 50891858 0 0 4520626 49247720 49871092 117186707 121506118 49885697 27378353 1037493741 1150673481 202795725 232230326 834698016 918443155 X Claremont McKenna College is a highly selective, independent, coeducational, residential, liberal arts college. Its mission, within the mutually supportive framework of The Claremont Colleges, is to educate its students for thoughtful and productive lives and responsible leadership in business, government, and the professions, and to support faculty and student scholarship that 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. 0 0 102677099 20743168 75149881 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. 102677099 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 1 1 0 0 0 1 2328 0 1 1804 1 1 1 1 CJ EI 0 0 0 0 0 0 0 0 X 42 41 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X Mia Alonzo 9096218043 101 S Mills Ave Claremont CA 91711 Pamela Gann 40.00 2.00 X X 611675 0 123112 Harry T McMahon 1.00 1.00 X X 0 0 0 Peter K Barker 1.00 X X 0 0 0 James B Bemowski 1.00 X 0 0 0 Abbott L Brown 1.00 X 0 0 0 Arie Steven Crown 1.00 X 0 0 0 Robert A Day 1.00 X X 0 0 0 David Dreier 1.00 X 0 0 0 Steven L Eggert 1.00 X 0 0 0 Barton Evans 1.00 X 0 0 0 Carol Hartman 1.00 X 0 0 0 E David Hetz 1.00 X X 0 0 0 Jeffrey S Klein 1.00 X 0 0 0 Henry R Kravis 1.00 X 0 0 0 Carolyn B Kuhl 1.00 X 0 0 0 Michael B Lang 1.00 X 0 0 0 Michael Larson 1.00 X 0 0 0 Thomas C Leppert 1.00 X 0 0 0 Perry A Lerner 1.00 X 0 0 0 Robert J Lowe 1.00 X X 0 0 0 James B McElwee 1.00 X 0 0 0 David G Mgrublian 1.00 X 0 0 0 Thomas M Mitchell 1.00 X 0 0 0 Akshata N Murty 1.00 X 0 0 0 Robert C Nakasone 1.00 X 0 0 0 Thomas B Neff 1.00 X 0 0 0 Kenneth M Novack 1.00 X 0 0 0 William F Podlich 1.00 X 0 0 0 Frederic J Prager 1.00 X 0 0 0 John C Pritzlaff III 1.00 X 0 0 0 George R Roberts 1.00 X 0 0 0 Rossi A Russell 1.00 X 0 0 0 Karl M Schade 1.00 X 0 0 0 Julie T Spellman Sweet 1.00 X 0 0 0 Kenneth J Valach 1.00 X 0 0 0 Shaw B Wagener 1.00 X 0 0 0 Christopher V Walker 1.00 X 0 0 0 Nancy K Falk 1.00 X 0 0 0 Christine H Mann 1.00 X 0 0 0 Douglas L Peterson 1.00 X 0 0 0 Rey Ramsey 1.00 X 0 0 0 Jill W Mullen 1.00 X 0 0 0 Robin Aspinall 40.00 2.00 X 260040 0 30622 Matthew Bibbens 40.00 2.00 X 222583 0 53631 Mia Alonzo 4.00 20.00 X 0 117221 26370 Gregory Hess 40.00 X 294880 0 76636 Jefferson Huang 40.00 X 204281 0 40422 John Faranda 40.00 X 186995 0 27620 James Floyd 40.00 X 213875 0 24591 Ernest Iseminger 40.00 X 304597 0 42051 Lisa Meulbroek 40.00 X 314469 0 28822 Janet Smith 40.00 X 259393 0 39276 Eric Hughson 40.00 X 291835 0 45790 Stephen Blomberg 40.00 X 282431 0 52724 Henrik Cronqvist 40.00 X 294608 0 34740 3741662 117221 646407 122 0 1 0 Perera Construction & Design Inc 2890 Inland Empire Blvd Suite 102 Ontario CA 91764 Construction 2517846 Bon Appetit Inc 1000 West Temple Street Los Angeles CA 900740196 Food Service 2472319 Cambridge Associates LLC PO Box 83232 Chicago IL 606910232 Consultant Services 1093851 O'Melveny Meyers LLP PO Box 894436 Los Angeles CA 901894436 Attorney 1076239 John Friedman Alice Kimm Architects 701 E 3rd St Suite 300 Los Angeles CA 90013 Architects 658590 30 252806 30703995 1475378 30956801 Tuition & fees 611600 72994573 72994573 Private contracts 900099 735076 735076 Fed. grants & contracts 611600 657185 657185 Children sch. tuition 611710 552301 552301 Rental & catering 531390 305129 117352 187777 93394 93394 75337658 5860672 -1738686 7599358 103547 103547 436 436 871793 529457 342336 342336 342336 634270875 598948937 35321938 35321938 1428513 33893425 Miscellaneous income 900099 891432 891432 Vending, store & laundry 453000 69651 69651 961083 148884471 75149881 -310173 43087962 20743168 20743168 2866346 1061575 1019455 785316 339655 266459 73196 36641107 32806986 2013361 1820760 4360118 3849900 321303 188915 3880753 3325740 313060 241953 2803879 2401095 250524 152260 303367 34660 268707 275032 275032 3556779 3556779 3101098 2398980 492975 209143 1756586 808605 746209 201772 4068172 3348273 486055 233844 1391800 1235214 94010 62576 2071693 1952040 94156 25497 3573565 3071947 268522 233096 124232 100152 17370 6710 7465226 7107889 261910 95427 8175402 5404282 2700794 70326 7496938 7075107 309180 112651 374246 114585 238100 21561 Food & housing 2946134 2859749 73580 12805 Building repair 1689154 1635833 39947 13374 Noncap equip 554495 541166 11855 1474 Books & periodicals 160951 145815 9759 5377 786222 387879 372554 25789 121506118 102677099 14308393 4520626 406633 1659019 14752644 20118884 208789971 206532776 4902436 5217973 82082 72757 4640890 5500668 259802547 73303901 178483851 186498646 387012012 433439821 220867154 274424685 11803908 11348633 5752160 5859619 1037493741 1150673481 11686510 16123117 1040815 1289309 137567447 162349431 1228003 1072139 51272950 51396330 202795725 232230326 X 175679254 211539562 382213922 413013068 276804840 293890525 834698016 918443155 1037493741 1150673481 X 27378353 51257718 5109068 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 632470112 12135943 95707378 7539559 16752664 4117419 711903791 651200402 11476757 -922179 7393873 18066286 3824709 632470112 571947973 11786353 96375840 7340993 17689208 3879563 651200402 513512739 17195554 69610780 7184110 17251378 3935612 571947973 645981488 2533156 -105264239 7027118 18405549 4304999 513512739 0.19000 0.38100 0.42900 0 0 5010325 5010325 195694061 52261612 143432449 26526001 14896116 11629885 32572160 6146173 26425987 186498646 Assets whose use is limited 27880516 F Private equity and venture capital 71019248 F Real Estate, Energy, & Timber 48052540 F Long/Short Equity 44764497 F Absolute Return Funds 82707884 F 274424685 Annuities payable 43275873 Defined benefit plan payable 1196423 Funds held in trust 2852833 Government advance for student loans 3223816 Asset Retirement Obligation 847385 51396330 X 181308408 51257718 5638525 56896243 124412165 4117419 20354887 24472306 148884471 97563269 529457 529457 97033812 4117419 20354887 24472306 121506118 Description of Intended Use of Endowment Funds: 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. Description of Uncertain Tax Positions Under FIN 48: Part X, Line 2: The College had no unrecognized tax benefits and/or obligations at June 30, 2013 and 2012. Part XI, Line 2d - Other Adjustments: Rental expenses reclassified to Form 990, part VIII, line 6b 529,457. Actuarial adjustment 4,344,054. Staff retirement plan comprehensive loss 765,014. Part XI, Line 4b - Other Adjustments: Student aid, reclassified to expenses 20,354,887. Part XII, Line 2d - Other Adjustments: Rental expenses reclassified to Form 990, part VIII, line 6b 529,457. Part XII, Line 4b - Other Adjustments: Student aid, reclassified to expenses 20,354,887. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Explanation of Nondiscriminatory Policy Publication 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. Explanation of Government Financial Assistance Schedule E, Part I, Line 6 Claremont McKenna College participates in the Pell Grant, Supplemental Educational Opportunity Grant, College Work-Study, and Perkins Loan programs. Central America and the Caribbean 0 0 Investments 171281440 Europe 0 0 Investments 18888237 North America 0 0 Investments 269814 0 0 0 0 0 0 190439491 0 190439491 1 0 0 1 1 0 1 Financial Aid 626 20743168 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: The College monitors the use of grant funds by verifying student enrollment records maintained by the Office of the Registrar and the office of Student Accounts. Enrollment verification is performed prior to awarding of grant funds and throughout the academic year. The Office of Financial Aid monitors the College's compliance with grant agreement requirements throughout the academic year, and keeps current of compliance requirements by participating in professional development workshops and reviewing federal compliance updates from the Department of Education and NASFAA. X X X 1 1 X X X X X 0 1 0 0 0 0 0 1 0 Pamela Gann 445173 0 0 0 166502 0 44798 0 78314 0 734787 0 115126 0 Robin Aspinall 259200 0 0 0 840 0 27798 0 2824 0 290662 0 0 0 Matthew Bibbens 196743 0 25000 0 840 0 23533 0 30098 0 276214 0 0 0 Gregory Hess 291830 0 0 0 3050 0 27798 0 48838 0 371516 0 0 0 Jefferson Huang 203850 0 0 0 431 0 23288 0 17134 0 244703 0 0 0 John Faranda 185795 0 0 0 1200 0 20326 0 7294 0 214615 0 0 0 James Floyd 212675 0 0 0 1200 0 23517 0 1074 0 238466 0 0 0 Ernest Iseminger 303757 0 0 0 840 0 27798 0 14253 0 346648 0 0 0 Lisa Meulbroek 314469 0 0 0 0 0 27798 0 1024 0 343291 0 0 0 Janet Smith 258553 0 0 0 840 0 28398 0 10878 0 298669 0 0 0 Eric Hughson 290975 0 0 0 860 0 27798 0 17992 0 337625 0 0 0 Stephen Blomberg 281375 0 0 0 1056 0 27798 0 24926 0 335155 0 0 0 Henrik Cronqvist 294608 0 0 0 0 0 27798 0 6942 0 329348 0 0 0 Part I, Line 1a Part I, Line 1a: - Housing allowance or residence for personal use - The College provides housing to the president as a condition of her 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. - Personal services - The College provides cleaning services to the President's house, a college-owned building, which is used for college activities. 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. No material cleaning services are performed in the private use sections of the house, therefore, the value of the services is 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 $156,843 was made from the plan during the year. Part I, Line 7 Matthew Bibbens received a one-time discretionary bonus for extra project work. A California Educational Facilities Authority 521705592 130178RU2 2009-01-22 80338739 Finance the cost of acquisition/construction of new educational facilities. 0 0 0 B California Educational Facilities Authority 521705592 130178HT6 2007-05-31 42697442 Finance the cost of acquisition/constr of new edu fac & refunding of bonds. 0 0 0 C California Educational Facilities Authority 521705592 130178C95 2011-07-07 5908645 Refund a portion of Authority's Series 1999 bonds & pay certain bond costs 0 0 0 D California Educational Facilities Authority 521705592 130178T48 2012-11-28 34197474 Finance the cost of acquisition/constr of new edu fac & refunding of bonds. 0 0 0 A 630000 82498201 1005307 75464033 5932608 2012 0 0 1 1 B 240000 44443284 595011 30007312 12132532 2009 1 1 1 1 C 5908645 116290 5908645 2012 1 0 1 1 D 34263458 24708008 30472 1829107 7964062 1 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 D 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 1 Hypo Public Finance 5.100000000000 1 0 1 C 0 0 0 1 0 0 0 0 1 D 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 Schedule K Part IV, Arbitrage, Line 2c 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 II, line 3: The difference between part II, line 3 and issue price in part I is due to investment income. 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. Jefferson Huang Dean of Students Housing Assistance X 100000 72757 0 1 1 72757 Mary Spellman Family Member of Julie T. Spellman Sweet, Trustee 129104 Employment 0 Amy Bibbens Family Member of Matthew Bibbens, Officer 73196 Employment 0 Lora Hess Family Member of Gregory Hess, Key Employee 106132 Employment 0 Catherine Huang Family Member of Jefferson Huang, Key Employee 31222 Employment 0 X 28 1459069 FMV X Supplies 33 16309 FMV 0 0 1 0 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 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. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 9: Actuarial adjustment 4,344,054. Staff retirement plan comprehensive loss 765,014. 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 Claremont McKenna College 1 Claremont McKenna College Endowment Corporation 500 E 9th Street Claremont CA 91711 956078705 Supporting Organization CA 501(c)(3) 11a, type I Claremont McKenna College 1 Milosz Institute & Archives 850 Columbia Ave Adams Hall 208 Claremont CA 91711 270402963 Archive and Research CA 501(c)(3) 11a, type I Claremont McKenna College 1 Children's Education Center of Claremont 500 E 9th Street Claremont CA 91711 954508952 Preschool and Elementary School CA 501(c)(3) Line 2 Claremont McKenna College 1 Pre-69 Trusts (5) 101 South Mills Ave Claremont CA 91711 Holdings CA N/A T 0 Charitable Remainder Unitrust (14) 101 South Mills Ave Claremont CA 91711 Holdings CA N/A T 0 Pooled Income Fund (1) 101 South Mills Ave Claremont CA 91711 Holdings CA N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0