2012-05-14T18:10:01-05:00 2011-06-30 Moss Adams LLP 3121 W March Lane Suite 100 Stockton CA 952192303 990 2010-07-01 951664123 Scripps College SCRI 9096218043 1030 Columbia Avenue Claremont CA 91711 Mia Alonzo 9096070689 2012-05-08 1 Tracy Paglia 2099556100 2010 2016-02-24 21:20:13Z Lori Bettison-Varga 1030 Columbia Avenue Claremont CA 91711 185220316 0 X www.scrippscollege.edu X 1926 CA Scripps College ("Scripps") is an independent, liberal arts, undergraduate college for women. 37 36 1086 500 -4805 -8568 16484440 9988312 45466989 50098254 7106635 19601803 -63189 15713 68994875 79704082 11467252 13941772 0 0 25343560 27084880 0 75656 3262689 28347744 29904696 65158556 71007004 3836319 8697078 382880647 417632302 49826174 49492446 333054473 368139856 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 61693097 13941772 50098254 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 930 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. 61693097 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 1630 0 1 1086 1 1 1 1 GM CJ BD 0 0 0 0 1 1 0 0 0 X 37 36 1 0 1 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 391652 0 106722 Roxanne M Wilson 1.00 X 0 0 0 Linda Davis Taylor 1.00 X X 0 0 0 Mark R Herron 1.00 X X 0 0 0 Barbara Franks Bice 1.00 X 0 0 0 Joanne Blauer 1.00 X 0 0 0 Bob Breech 1.00 X 0 0 0 Lynne Oshita Brickner 1.00 X 0 0 0 Victoria Seaver Dean 1.00 X 0 0 0 Roger Engemann 1.00 X 0 0 0 Rosanne Rennie Holliday 1.00 X 0 0 0 Trish Jackson 1.00 X 0 0 0 Donald P Johnson 1.00 X 0 0 0 G Jungels-Winkler 1.00 X 0 0 0 Nancy Katayama 1.00 X 0 0 0 Joanne Glass Keith 1.00 X 0 0 0 Steven Koblik 1.00 X 0 0 0 Susan Kurisu 1.00 X 0 0 0 Leslie Ann Lassiter 1.00 X 0 0 0 Kathryn Hood Pluhar 1.00 X 0 0 0 Elizabeth Malott Pohle 1.00 X 0 0 0 Hugh J Ralston 1.00 X 0 0 0 Stephanie Probst Rasines 1.00 X 0 0 0 Carolyn Revelle 1.00 X 0 0 0 Jean Bixby Smith 1.00 X 0 0 0 Katyayani Strohl 1.00 X 0 0 0 Carolyn Ditte Wagner 1.00 X 0 0 0 H Andrea Neves 1.00 X 0 0 0 Francille Scoble 1.00 X 0 0 0 Elizabeth Weinberg Smith 1.00 X X 0 0 0 Katherine Coleman 1.00 X 0 0 0 Thomas D Coleman Jr 1.00 X 0 0 0 Danielle Clark 1.00 X 0 0 0 Elizabeth Cundiff 1.00 X 0 0 0 Marguerite Manuela 1.00 X 0 0 0 Suzanne Ely Muchnic 1.00 X 0 0 0 Emily Jensen Waldorf 1.00 X 0 0 0 James Manifold 40.00 X 214158 0 30039 Linda Scott 40.00 X 114237 0 18894 Mia Alonzo 4.00 X 0 114636 21755 Amy Marcus-Newhall 40.00 X 144069 0 18152 Patricia Goldsmith 40.00 X 235819 0 29135 Anthony Crowley 40.00 X 149193 0 28704 Roswitha Burwick 40.00 X 142927 0 20727 Frederick Weis 40.00 X 161009 0 24448 Thierry Boucquey 40.00 X 139260 0 18719 Alan Hartley 40.00 X 140007 0 17369 1832331 114636 334664 42 0 1 0 KAR Construction Inc 1306 W Brooks St Ontario CA 91762 Construction 873808 Cambridge Associates LLC 100 Summer St Boston MA 021102112 Investment Management 481205 PCL Construction Services Inc 700 N Central Ave Ste 700 Glendale CA 91203 Construction 268649 Agape Employment Inc 7365 Carnelian St 216 Rancho Cucamonga CA 91730 Temporary Employment Agency 220450 Mitchell Silberberg Knupp LLP 11377 West Olympic Bl Los Angeles CA 900641683 Legal Council 153726 14 269905 9718407 1334756 9988312 Tuition, Room & Board 611600 48903780 48903780 Fed Grants & Contracts 611600 512363 512363 Co-Curricular Op. 611600 251261 251261 Summer Programs 611600 224792 224792 Other Misc. Programs 900099 71334 71334 134724 134724 50098254 3642396 -4805 3647201 7 7 241919 239817 2102 2102 2102 25411274 95791219 12785685 92457408 12625589 3333811 15959400 15959400 46935 33324 13611 13611 79704082 50098254 -4805 19622321 13941772 13941772 1361506 754705 496796 110005 253356 253356 19379810 16885058 962478 1532274 2239711 1807991 274455 157265 2390831 2173433 42476 174922 1459666 1151007 197847 110812 456572 255743 150395 50434 168553 168553 75656 75656 1448113 1448113 4659693 4360155 201828 97710 849945 431257 155524 263164 4398550 3991734 198418 208398 44943 40619 3072 1252 1888625 1732337 143402 12886 1118738 900902 99219 118617 5628 5503 125 1775443 1760765 10796 3882 7250939 6218858 1016150 15931 3784723 3639286 119135 26302 199032 199032 Building Repair 899106 752268 133419 13419 Food and Housing 580921 580921 Books and Periodicals 42753 42753 332419 266030 30110 36279 71007004 61693097 6051218 3262689 471007 154474 26030193 21512951 16721957 13107071 280628 447563 169268 105886 24670 54533 1296297 1587041 130818551 42871157 87379718 87947394 99930712 118544330 128451396 151297895 4825365 4781989 17299436 18091175 382880647 417632302 3541870 4365370 1892851 1874368 36913963 36275889 7477490 6976819 49826174 49492446 X 87943771 96274111 135981381 158227700 109129321 113638045 333054473 368139856 382880647 417632302 X 8697078 26388305 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 703600 17780305 X X X X 0 237299803 4300781 40875014 3091897 9852141 269531560 215133918 10302083 24464825 2846661 9754362 237299803 276010266 1454487 -49982649 2839374 9508812 215133918 0.09730 0.38110 0.52160 1 0 2015104 2015104 505074 116091350 33955185 82641239 8108695 6508869 1599826 4098328 2407103 1691225 87947394 Long/short hedge funds 24516402 F Absolute return hedge funds 30322256 F Assets whose use is limited 393871 F Private equity 95286014 F Other assets 779352 C 151297895 Life income and annuities payable 3705406 Liability for staff retirement 832726 Government advances for student loans 1620754 Funds held in trust for others 58696 Asset retirement obligation 759237 6976819 79704082 71007004 8697078 23263973 3124332 26388305 35085383 90864330 23263973 3397473 26661446 64202884 1432242 14068956 15501198 79704082 55778947 273141 273141 55505806 1432242 14068956 15501198 71007004 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 5.09% to the twenty-quarter average market value, and 5.00% to the sixteen-quarter average market value of pooled investments for the years ended June 30, 2011 and 2010, respectively. Description of Uncertain Tax Positions Under FIN 48: Part X: The College has no uncertain tax positions as of June 30, 2011 and 2010. Part XI, Line 8 - Other Adjustments: Other Comprehensive Pension Gain: 428,493. Unrelated Business Loss from Alternative Investments: 4,805. Actuarial Adjustment of Annuity and Life Income Liabilities: 2,691,034. Part XII, Line 2d - Other Adjustments: Unrelated Business Loss from Alternative Investments 4,805. Cost of Goods Sold 33,324. Rental Expense 239,817. Actuarial Adjustment of Annuity and Life Income Liabilities 2,691,034. Other Comprehensive Pension Gain 428,493. Part XII, Line 4b - Other Adjustments: Student Financial Aid 13,941,772. Expenses Netted Against Revenue on Books 127,184. Part XIII, Line 2d - Other Adjustments: Cost of Goods Sold 33,324. Rental Expense 239,817. Part XIII, Line 4b - Other Adjustments: Student Financial Aid 13,941,772. Expenses Netted Against Revenue on Books 127,184. 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 70356770 0 0 0 0 0 0 70356770 0 70356770 1 0 0 1 1 0 X 1 Washburn & McGoldrick Inc 950 New Loudon Rd 200 Latham NY 12110 Fundraising/Campaign Counsel 0 0 75656 -75656 75656 -75656 CA 1 Student Financial Aid 492 13941772 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 X 0 0 0 0 0 0 0 0 0 Lori Bettison-Varga 333451 0 25000 0 33201 0 29400 0 77322 0 498374 0 0 0 James Manifold 211225 0 0 0 2933 0 25692 0 4347 0 244197 0 0 0 Amy Marcus-Newhall 136350 0 0 0 7719 0 17631 0 521 0 162221 0 0 0 Patricia Goldsmith 191248 0 16800 0 27771 0 24000 0 5135 0 264954 0 0 0 Anthony Crowley 143718 0 0 0 5475 0 18521 0 10183 0 177897 0 0 0 Roswitha Burwick 140274 0 0 0 2653 0 16517 0 4210 0 163654 0 0 0 Frederick Weis 158983 0 0 0 2026 0 19320 0 5128 0 185457 0 0 0 Thierry Boucquey 137969 0 0 0 1291 0 14300 0 4419 0 157979 0 0 0 Alan Hartley 139789 0 0 0 218 0 16827 0 542 0 157376 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. California Educational Facilities Authority 521705592 130178LP9 2007-10-31 30547404 financing and refinancing 0 0 0 1045000 29736904 388064 525943 326000 13255285 2008 0 1 1 1 0 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 0 Mary Weis Spouse of Frederick Weis, former officer. 100521 Compensation 0 X 2 703600 Appraisal X 24 622741 FMV X Miscellaneous 30 8415 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 A, line 2 Katherine Coleman, trustee and Thomas D. Coleman, Jr., trustee are married Form 990, Part VI, Section A, line 4 The Bylaws were updated for the following significant changes: - The Trustees have the power to indemnify the College's employees, agents and fiduciaries for actions brought by third parties, subject to stated conditions in the Bylaws and to the terms of any employment agreements. - The list of actions that may not be taken by the Executive Committee has been updated to reflect statutory limitations. - Clarification has been added that the Executive Committee may only approve disbursements of funds for buildings and grounds that have been budgeted in a capital or project budget previously approved by the Board of Trustees. - There is an express statement in the Restated and Amended Bylaws that no Trustee may vote by proxy to reflecting recent California law. - The Restated and Amended Bylaws sets out a clearer category of "Regular Trustees" with a range of 26 to 36 members, excluding those seven ex officio voting Trustees - the President of the College, the President of the Scripps Alumnae Association, the chair of the Scripps Association of Families, the two Alumnae Trustees, and the two voting Recent Graduate Trustees. There are clearer definitions of Trustee Emeriti and of Non-Trustees who are appointed to serve two-year terms as members of various Board Committees. 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 the Office of 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 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 (without 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 (without Schedule B) and the Form 990 (without 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 and principles of community are available on the College's website and upon request from the Treasurer's Office. - Governing documents, conflict of interest policy, and code of conduct 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 gains on investments: 23,263,973. Other Comprehensive Pension Gain: 428,493. Unrelated Business Loss from Alternative Investments: 4,805. Actuarial Adjustment of Annuity and Life Income Liabilities: 2,691,034. Total to Form 990, Part XI, Line 5: 26,388,305. Claremont University Consortium 101 S Mills Ave Claremont CA 91711 954786748 Provide academic and business services CA 501(c)(3) Line 11a, I N/A 0 Charitable Remainder Unitrusts (5) 1030 Columbia Ave Claremont CA 91711 Holding Co CA Scripps College T Pooled Income Funds (2) 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