2013-05-15T09:46:18-05:00 2012-06-30 910189318 Moss Adams LLP 3121 West March Lane Suite 100 Stockton CA 95219 990 2011-07-01 951664101 Claremont McKenna College CLAR 9096218043 500 E Ninth Street Claremont CA 91711 Mia Alonzo 9096218043 2013-05-10 1 TRACY S PAGLIA P00366884 2099556100 2011 2016-02-24 21:20:13Z Pamela Gann 500 E Ninth Street Claremont CA 91711 595554814 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. 41 39 1750 114 0 -1733154 29624288 71256118 68814970 73989930 59298679 20365857 1323659 1460499 159061596 167072404 19509044 20039546 0 0 45277153 47899441 0 0 4248538 40687744 49247720 105473941 117186707 53587655 49885697 1016529068 1037493741 204695111 202795725 811833957 834698016 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 98588620 20039546 73818440 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. 98588620 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 2126 0 1 1750 1 1 1 1 CJ EI 0 0 0 0 0 0 0 0 X 41 39 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 X Pamela Gann 40.00 X X 430560 0 155639 Harry T McMahon 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 Barbara W Boswell 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 Laura May Grisolano 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 Jill W Mullen 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 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 Robin Aspinall 40.00 X 246747 0 27538 Matthew Bibbens 40.00 X 178262 0 54012 Mia Alonzo 4.00 X 0 113393 25976 Gregory Hess 40.00 X 285943 0 55037 Jefferson Huang 40.00 X 199559 0 37429 John Faranda 40.00 X 182545 0 26926 James Floyd 40.00 X 200125 0 22869 Richard Vos 40.00 X 168975 0 30021 Ernest Iseminger 40.00 X 306426 0 38919 Lisa Meulbroek 40.00 X 303383 0 33729 Janet Smith 40.00 X 246762 0 34849 Eric Hughson 40.00 X 273376 0 44195 Stephen Blomberg 40.00 X 273832 0 45319 Henrik Cronqvist 40.00 X 269722 0 31794 3566217 113393 664252 116 0 1 0 Bernards 618 San Fernando Rd San Fernando CA 91340 Construction 19055634 KPRS Construction Services Inc 2850 Saturn St Brea CA 92821 Construction 2662411 Bon Appetit 1000 W Temple St Los Angeles CA 900740196 Food Service 2476264 Cambridge Associates 100 Summer St Boston MA 021102112 Consultant Services 1094672 William Hefner Architect Inc 5820 Wilshire Blvd Ste 500 Los Angeles CA 90036 Architects 555410 32 292428 70963690 432052 71256118 Tuition & fees 611600 71106686 71106686 Private contracts 900099 985181 985181 Fed. grants & contract 611600 754573 754573 Children sch. tuition 611710 570412 570412 Rental & catering 531390 295356 123866 171490 277722 277722 73989930 4449517 4449517 92 92 573 573 854406 526821 327585 327585 327585 443871837 427955589 15916248 15916248 15916248 Miscellaneous income 900099 1053696 1053696 Vending, store & laund 453000 78645 78645 1132341 167072404 73818440 0 21997846 20039546 20039546 2619285 1004187 919196 695902 188101 118176 69925 34982541 31548664 1719267 1714610 3675981 3273799 256027 146155 3798341 3255582 310007 232752 2635192 2264730 232004 138458 1068613 18650 1049963 201967 201967 3824709 3824709 2641338 1763821 664598 212919 1667415 761206 666638 239571 3160216 2460795 485459 213962 1320226 1148501 107997 63728 2162325 1982484 138245 41596 3377676 2973792 209644 194240 138544 117109 15051 6384 7001934 6769938 171279 60717 7693236 5276461 2365780 50995 7562639 7129023 320132 113484 394315 147284 225225 21806 Food & housing 2764928 2682982 68429 13517 Building repair 1947305 1858358 51570 37377 Noncap equip 1584736 1564059 18246 2431 Books & periodicals 143515 123967 4457 15091 592083 305506 253734 32843 117186707 98588620 14349549 4248538 587215 406633 33213291 14752644 165877571 208789971 4766550 4902436 91161 82082 4564723 4640890 244300678 65816827 174986290 178483851 400786350 387012012 214323041 220867154 12082260 11803908 5250616 5752160 1016529068 1037493741 14492822 11686510 1215443 1040815 138412310 137567447 940512 1228003 49634024 51272950 204695111 202795725 X 179141760 175679254 366116551 382213922 266575646 276804840 811833957 834698016 1016529068 1037493741 X 49885697 -27021638 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 0.17200 0.40220 0.42580 0 0 4891535 4891535 194982074 47162774 147819300 23296459 13003198 10293261 21130610 5650855 15479755 178483851 Assets whose use is limited 3371315 F Hedge funds 103116837 F Private equity and venture capital 71141333 F Real assets 43237669 F 220867154 Annuities payable 42315978 Defined benefit plan payable 2128473 Funds held in trust 2795500 Government advance for student loans 3217388 Asset Retirement Obligation 815611 51272950 167072404 117186707 49885697 -23055038 -3966600 -27021638 22864059 116930296 -23055038 526821 -22528217 139458513 3824709 23789182 27613891 167072404 94066237 526821 526821 93539416 3824709 19822582 23647291 117186707 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: The College had no unrecognized tax benefits and/or obligations at June 30, 2012 and 2011. Part XI, Line 8 - Other Adjustments: Actuarial adjustment -2,998,700. Staff retirement plan comprehensive loss -967,900. Total to Schedule D, Part XI, Line 8: -3,966,600. Part XII, Line 2d - Other Adjustments: Rental expenses reclassified to Form 990, part VIII, line 6b 526,821. Part XII, Line 4b - Other Adjustments: Student aid, reclassified to expenses 19,822,582. Actuarial adjustment 2,998,700. Staff retirement plan comprehensive loss 967,900. Part XIII, Line 2d - Other Adjustments: Rental expenses reclassified to Form 990, part VIII, line 6b 526,821. Part XIII, Line 4b - Other Adjustments: Student aid, reclassified to expenses 19,822,582. 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 155824530 Europe 0 0 Investments 16470553 North America 0 0 Investments 2461863 East Asia and the Pacific 0 0 Program Services Faculty led course abroad 13553 Middle East and North Africa 0 0 Program Services Faculty led course abroad 22066 0 0 0 0 0 0 174792565 0 174792565 1 0 0 1 1 0 1 Financial Aid 635 20039546 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 0 0 Pamela Gann 423905 0 0 0 6655 0 76455 0 79184 0 586199 0 0 0 Robin Aspinall 245700 0 0 0 1047 0 24714 0 2824 0 274285 0 0 0 Matthew Bibbens 177272 0 0 0 990 0 21084 0 32928 0 232274 0 0 0 Gregory Hess 284743 0 0 0 1200 0 27264 0 27773 0 340980 0 0 0 Jefferson Huang 188148 0 0 0 11411 0 21149 0 16280 0 236988 0 0 0 John Faranda 181195 0 0 0 1350 0 19854 0 7072 0 209471 0 0 0 James Floyd 198925 0 0 0 1200 0 21795 0 1074 0 222994 0 0 0 Richard Vos 168967 0 0 0 8 0 18500 0 11521 0 198996 0 0 0 Ernest Iseminger 299682 0 0 0 6744 0 27264 0 11655 0 345345 0 0 0 Lisa Meulbroek 301023 0 0 0 2360 0 26776 0 6953 0 337112 0 0 0 Janet Smith 245922 0 0 0 840 0 27357 0 7492 0 281611 0 0 0 Eric Hughson 272536 0 0 0 840 0 26810 0 17385 0 317571 0 0 0 Stephen Blomberg 273832 0 0 0 0 0 30964 0 14355 0 319151 0 0 0 Henrik Cronqvist 269722 0 0 0 0 0 26220 0 5574 0 301516 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). Contributions were made; however no distributions have been made from the plan during the year. California Educational Facilities Authority 521705592 130178RU2 2009-01-22 80338739 Finance the cost of acquisition/construction of new educational facilities. 0 0 0 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 California Educational Facilities Authority 521705592 130175G89 2003-06-25 10257806 Finance the cost of acquisition/construction of new educational facilities. 0 0 0 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 82498201 2077383 1005307 75464033 5932608 2011 0 0 1 1 44443284 971509 595011 30007312 12132532 2009 0 1 1 1 10328330 193369 199500 10127236 2005 0 0 1 1 5908645 127738 116290 5908645 2011 0 1 1 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 1 1 0 0.00000 0.00000 0.00000 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 0 0 0 0 1 Hypo Public Finance Bank 5.100000000000 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 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 B: 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, Part III, line 7: The College has adopted procedures to ensure continued compliance with applicable federal tax requirements. A management official has been assigned the primary responsibilities of monitoring post-issuance compliance including, but not limited to, proper and timely use of bond proceeds, timely return filings, and proper investment of bond financing proceeds. The College maintains and retains, throughout the life of the bond, paper and electronic records of the allocation of the bond proceeds to expenditures and issuance costs, contracts, reimbursements, asset schedules, and depreciation schedules. The College also maintains, in perpetuity, general records required to be maintained by 501(c)(3) organizations including the IRC 501(c)(3) determination letter, organizing documents, prior Form 990 filings, audited financial statements, and bond offering documents. The College monitors compliance with applicable arbitrage yield restriction and rebate requirements and retains records pertaining to the investment of bond proceeds and calculations of rebate and yield reductions payments. Finally, the College monitors unrelated trade or business use of bond-financed facilities for use in determining compliance with modified private business tests. Schedule K, Part V: The College is amending its current procedures to reflect its voluntary closing agreement program and self-remediation process for the next reporting period. Jefferson Huang Housing Assistance X 100000 82082 0 1 1 82082 Mary Spellman Family Member of Julie T. Spellman Sweet, Trustee 118176 Employment 0 Amy Bibbens Family Member of Matthew Bibbens, Officer 69925 Employment 0 Lora Hess Family Member of Gregory Hess, Key Employee 78266 Employment 0 Catherine Huang Family Member of Jefferson Huang, Key Employee 34511 Employment 0 X 26 416934 FMV X Supplies 24 15118 FMV 0 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 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. Hours per week devoted to related organizations: Part VII, Section A: Pamela Gann devotes 1 hour per week to Claremont University Consortium. Harry McMahon 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: -23,055,038. Actuarial adjustment -2,998,700. Staff retirement plan comprehensive loss -967,900. Total to Form 990, Part XI, Line 5: -27,021,638. 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 Charitable Remainder Unitrust (13) 101 South Mills Ave Claremont CA 91711 Holdings CA N/A T 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 1 0 0 1 0 0 0