2013-05-15T09:47:29-05:00 2012-06-30 910189318 Moss Adams LLP 3121 W March Lane Suite 100 Stockton CA 952192303 990 2011-07-01 951664123 Scripps College SCRI 9096218043 1030 Columbia Avenue Claremont CA 91711 Mia Alonzo 9096070689 2013-05-09 1 Tracy Paglia P00366884 2099556100 2011 2016-02-24 21:20:13Z Lori Bettison-Varga 1030 Columbia Avenue Claremont CA 91711 208508713 0 X www.scrippscollege.edu X 1926 CA Scripps College ("Scripps") is an independent, liberal arts, undergraduate college for women. 35 34 1133 500 -1328323 -1336893 9988312 9231215 50098254 52407702 19601803 18302953 15713 -18220 79704082 79923650 13941772 14148810 0 0 27084880 27643403 75656 78671 3293406 29904696 30899023 71007004 72769907 8697078 7153743 417632302 409232756 49492446 49966211 368139856 359266545 To educate women to develop their intellect and talents through active participation in a community of scholars, so that as graduates they may contribute to society through public and private lives of leadership, service, integrity and creativity. 0 0 62449845 14148810 52407702 Scripps College ("Scripps") is an independent, liberal arts college for women with a distinctive interdisciplinary core curriculum offering instruction in the humanities, fine arts, and the natural and social sciences. Scripps has an enrollment of approximately 950 students. Founded in 1926, the campus is on the National Register of Historic Places. Its mission is to educate women to develop their intellect and talents through active participation in a community of scholars, so that as graduates they may contribute to society through public and private lives of leadership, service, integrity and creativity. 62449845 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 1 0 0 0 0 1 X 1603 0 1 1133 1 1 1 1 VI CJ BD 0 0 0 0 1 1 0 0 0 X 35 34 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X Mia Alonzo 9096218043 101 S Mills Avenue Claremont CA 91711 X Lori Bettison-Varga 40.00 X X 389360 0 150578 Linda Davis Taylor 1.00 X X 0 0 0 Mark Herron 1.00 X X 0 0 0 Betsy Smith 1.00 X X 0 0 0 Barbara Bice 1.00 X 0 0 0 Joanne Blauer 1.00 X 0 0 0 Bob Breech 1.00 X 0 0 0 Lynne Brickner 1.00 X 0 0 0 Barbara Bruner 1.00 X 0 0 0 Danielle Clark 1.00 X 0 0 0 Elizabeth Cundiff 1.00 X 0 0 0 Roger Engemann 1.00 X 0 0 0 Rosanne Holliday 1.00 X 0 0 0 Donald Johnson 1.00 X 0 0 0 Gabrielle Jungels-Winkler 1.00 X 0 0 0 Nancy Katayama 1.00 X 0 0 0 Joanne Keith 1.00 X 0 0 0 Steven Koblik 1.00 X 0 0 0 David Lahar 1.00 X 0 0 0 Leslie Lassiter 1.00 X 0 0 0 Marguerite Manela 1.00 X 0 0 0 Suzanne Ely Muchnic 1.00 X 0 0 0 Andrea Neves 1.00 X 0 0 0 Hannah Peter 1.00 X 0 0 0 Liza Malott Pohle 1.00 X 0 0 0 Hugh Ralston 1.00 X 0 0 0 Stephanie Rasines 1.00 X 0 0 0 Carolyn Revelle 1.00 X 0 0 0 Fran Scoble 1.00 X 0 0 0 Jean Bixby Smith 1.00 X 0 0 0 Barbara Talbott 1.00 X 0 0 0 Carolyn Wagner 1.00 X 0 0 0 Emily Jensen Waldorf 1.00 X 0 0 0 Roxanne Wilson 1.00 X 0 0 0 Elizabeth Weinberg Smith 1.00 X 0 0 0 Linda Scott 40.00 X 116751 0 24152 Joanne Coville 40.00 X 106319 0 15199 Amy Marcus-Newhall 40.00 X 191482 0 30165 Mia Alonzo 4.00 X 0 113393 25976 Rebecca Lee 40.00 X 161288 0 68518 Patricia Goldsmith 40.00 X 298316 0 41692 Michael Lamkin 20.00 X 152144 0 28249 Anthony Crowley 40.00 X 163986 0 35430 Thierry Boucquey 40.00 X 140283 0 19924 Victoria Romero 40.00 X 140897 0 26812 Susan Rankaitis 40.00 X 138300 0 21919 Frederick Weis 40.00 X 130675 0 23285 James Manifold 20.00 X 240194 0 35006 2369995 113393 546905 43 1 1 0 KAR Construction Inc 1306 W Brooks St Ontario CA 91762 Construction 1177637 Sodexo Management Inc 1916 Galerita Drive Ranchos Palos Verdes CA 90275 Food Service 1086104 EMoule & SPolyzoides Inc 180 E CA Blvd Pitcher Alley Pasadena CA 91105 Architect 689994 Cambridge Associates LLC PO Box 10317 Uniondale NY 115550317 Investment Management 529191 Agape Employment Inc 7365 Carnelian St 218 Rancho Cucamonga CA 91730 Temporary Employment Agency 221208 11 324908 8906307 466072 9231215 Tuition, Room & Board 611600 51670058 51670058 Co-Curricular Op. 611600 260763 260763 Summer Programs 611600 204448 204448 Fed Grants & Contracts 611600 70659 70659 201774 201774 52407702 3277365 -1328323 4605688 234230 222518 11712 11712 11712 104293225 39019908 101258987 27028558 3034238 11991350 15025588 15025588 45068 75000 -29932 -29932 79923650 52407702 -1328323 19613056 14148810 14148810 1683308 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96274111 95191302 158227700 143165069 113638045 120910174 368139856 359266545 417632302 409232756 X 7153743 -16027054 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5006 17785310 X X X X 0 269531560 1530313 2521406 3448159 10663297 761088 258710735 237299803 4300781 41590496 3091897 9852141 715482 269531560 215133918 10302083 25136753 2846661 9754362 671928 237299803 276010266 1454487 -49285496 2839374 9508812 697153 215133918 0.09430 0.40200 0.50360 1 0 2015104 2015104 481498 117266676 37177301 80570873 8974274 7262626 1711648 4455814 2514367 1941447 86239072 Long/short hedge funds 19159615 F Absolute return hedge funds 31628015 F Assets whose use is limited 392854 F Private equity 86593528 F Other assets 749344 C 138523356 Life income and annuities payable 3448479 Liability for staff retirement 1230951 Government advances for student loans 1602115 Funds held in trust for others 58696 Asset retirement obligation 795257 7135498 79923650 72769907 7153743 -16344821 317767 -16027054 -8873311 48507870 -16344821 1625841 -14718980 63226850 1500124 15196676 16696800 79923650 57381181 297518 297518 57083663 1500124 14186120 15686244 72769907 Part III, Line 4: Scripps' collection of art and rare books enrich the teaching of art and humanities at the College, as well as, the cultural community of the Claremont Colleges and environs. Description of Intended Use of Endowment Funds: Part V, Line 4: Scripps invests its endowment with the objective to preserve and enhance its purchasing power to support the core mission of the College. The Board of Trustees has adopted a spending policy for pooled investments whereby the amount of investment return available for current operations is determined by applying 5.40% and 5.09% to the twenty-quarter average market value of pooled investments for the years ended June 30, 2012 and 2011, respectively. Description of Uncertain Tax Positions Under FIN 48: Part X: The College has no unrecognized tax benefits as of June 30, 2012 and 2011. Part XI, Line 8 - Other Adjustments: Other Comprehensive Pension Loss: -547,068. Unrelated Business Loss from Alternative Investments: 1,328,323. Actuarial Adjustment of Annuity and Life Income Liabilities: -463,488. Total to Schedule D, Part XI, Line 8: 317,767. Part XII, Line 2d - Other Adjustments: Unrelated Business Loss from Alternative Investments 1,328,323. Cost of Goods Sold 75,000. Rental Expense 222,518. Part XII, Line 4b - Other Adjustments: Student Financial Aid 14,148,810. Expenses Netted Against Revenue on Books 37,310. Actuarial Adjustment of Annuity and Life Income Liabilities 463,488. Other Comprehensive Pension Loss 547,068. Part XIII, Line 2d - Other Adjustments: Cost of Goods Sold 75,000. Rental Expense 222,518. Part XIII, Line 4b - Other Adjustments: Student Financial Aid 14,148,810. Expenses Netted Against Revenue on Books 37,310. 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 racial nondiscrimination policy is stated in brochures, the college catalog, and is accessible on the college web-site Explanation of Government Financial Assistance Schedule E, Part I, Line 6 The college participates in the following federal programs: Federal Supplemental Educational Opportunity; Federal Family Education Loans; Federal Work Study Program; Federal Perkins Loans; Federal Pell Grant Program. Central America and the Caribbean 0 0 Investments 61369139 0 0 0 0 0 0 61369139 0 61369139 1 0 0 0 1 0 X 1 Washburn & McGoldrick Inc 950 New Loudon Rd 200 Latham NY 12110 Fundraising/Campaign Counsel 0 0 78671 -78671 78671 -78671 CA 1 Student Financial Aid 571 14148810 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: Use of grant funds is monitored through student financial aid and billing process. X X X X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 Lori Bettison-Varga 344897 0 38825 0 5638 0 29400 0 121178 0 539938 0 0 0 Amy Marcus-Newhall 188725 0 0 0 2757 0 23391 0 6774 0 221647 0 0 0 Rebecca Lee 143583 0 0 0 17705 0 17230 0 51288 0 229806 0 0 0 Patricia Goldsmith 245388 0 0 0 52928 0 30050 0 11642 0 340008 0 0 0 Michael Lamkin 152144 0 0 0 0 0 18480 0 9769 0 180393 0 0 0 Anthony Crowley 157210 0 0 0 6776 0 19584 0 15846 0 199416 0 0 0 Thierry Boucquey 119138 0 0 0 21145 0 14420 0 5504 0 160207 0 0 0 Victoria Romero 140897 0 0 0 0 0 16144 0 10668 0 167709 0 0 0 Susan Rankaitis 135400 0 0 0 2900 0 16372 0 5547 0 160219 0 0 0 Frederick Weis 129955 0 0 0 720 0 15717 0 7568 0 153960 0 0 0 James Manifold 238924 0 0 0 1270 0 28855 0 6151 0 275200 0 0 0 Part I, Line 1a Part I, Line 1a: - All travel for companions of the President is approved by the Board. - The President's written contract includes housing, initiation and monthly fee for one social club membership. Cleaning services to the President's house are provided as maintenance of a campus owned building, which is used for institutional events as well as being the personal residence of the President and family. A portion of the benefit is treated as taxable compensation. Part I, Line 7 The compensation committee recommends bonuses based on annual performance. California Educational Facilities Authority 521705592 130178LP9 2007-10-31 30547404 Financing and refinancing 0 0 0 1425000 29737085 387048 525943 326000 13255285 2008 0 1 1 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 0 Schedule K, part I, line A, column (f): Description of Purpose: Financing and refinancing the acquisition, construction, improvement, rehabilitation, renovation, and equipping of certain educational facilities. Schedule K, Part II, Line 3 Difference between Part I, Issue Price & Part II, Line 3: Investment earnings and losses Schedule K, Part V Subsequent to June 30, 2012, management has adopted written post issuance bond compliance policies and procedures. Mary Weis Spouse of Frederick Weis, former officer. 99143 Compensation 0 X 6 5005 Appraisal X 22 427444 FMV X Miscellaneous 9 3608 Purchase Price X Comp. Equip. 2 30015 Purchase Price 1 0 1 1 Third Party Use: Part I, Line 32b: A third party broker is used in the sale of marketable securities. Form 990, Part VI, Section B, line 11 Scripps utilizes a process for review of the IRS Form 990 Return of Organization Exempt from Income Tax that involves members of management as well as governing board members. Scripps has engaged an outside accounting firm to prepare the Form 990 using information provided by Financial Services, the Office of Human Resources, and the Treasurer's Office. Corrections are made as needed. Once a revised draft is available, it is reviewed by the Controller, Assistant Controller, Assistant Treasurer and Director of Budgeting, Assistant Treasurer and Director of Investments, and the Vice President of Business Affairs/Treasurer. After this review and any resulting changes are complete, the revised draft Form 990 (redacted Schedule B -- Schedule of Contributors) is provided to members of the Scripps Audit Committee of the Board of Trustees for questions and comments in mid-April. Once questions and comments from the Audit Committee are fielded and issues resolved, the Audit Committee accepts the Form 990 with redacted Schedule B. The Form 990 with redacted Schedule B is made available to all voting members of the Board of Trustees for their review prior to filing in early May. Schedule B is available for review by members of the Board of Trustees only upon request. Form 990, Part VI, Section B, line 12c All officers, trustees and key employees sign a conflict of interest policy. Signed policies are reviewed by Assistant Treasurer and Director of Investments, and any conflicts noted are followed up by Assistant Treasurer and reported to Audit Committee. Form 990, Part VI, Section B, line 15 The compensation of the President of the College was approved by the Board of Trustees upon the recommendation of the Compensation Committee of the Board of Trustees. The responsibilities of the Compensation Committee include coordinating the annual evaluation of the President; coordinating a 360-degree performance evaluation of the President against specific competencies set by the Board at appropriate intervals; reviewing the goals and objectives set by the Board; recommending salary increases and compensation structure and packages for the President to the Board; reviewing external market trends in compensation of presidents of comparable colleges and their respective officers, key employees and disqualified persons; and advising the President on compensation structures for officers, key employees and disqualified persons and such other matters as shall be determined by the Board. The review of compensation of the officers or key employees was conducted by the President of the College, who solicited the advice and counsel of the Board of Trustees Compensation Committee, which also reviewed comparability data. Form 990, Part VI, Section C, line 19 Form 990, Part VI, Section C, Line 19: - Audited financial statements, principles of community, Code of Conduct and Whistle-blower policy are available on the College's website and upon request from the Treasurer's Office. - Governing documents and conflict of interest policy are made available to the public upon request. Hours per week devoted to related organizations: Linda Davis Taylor devotes 1 hour per week to Claremont University Consortium. Lori Bettison-Varga devotes 1 hour per week to Claremont University Consortium. Mia Alonzo devotes 20 hours per week to Claremont University Consortium. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized losses on investments: -16,344,821. Other Comprehensive Pension Loss: -547,068. Unrelated Business Loss from Alternative Investments: 1,328,323. Actuarial Adjustment of Annuity and Life Income Liabilities: -463,488. Total to Form 990, Part XI, Line 5: -16,027,054. Claremont University Consortium 101 S Mills Ave Claremont CA 91711 954786748 Provide academic and business services CA 501(c)(3) Line 11a, I N/A 0 Charitable Remainder Unitrusts (4) 1030 Columbia Ave Claremont CA 91711 Holding Co CA Scripps College T Pooled Income Funds (1) 1030 Columbia Ave Claremont CA 91711 Holding Co CA Scripps College T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0