2024-05-13T13:51:12-05:00 2023-06-30 910189318 Moss Adams LLP 3121 W March Ln Ste 200 Stockton CA 952192367 990 2022-07-01 954786748 The Claremont Colleges Inc CLAR 9096218043 101 S Mills Ave Claremont CA 91711 Mia Alonzo Assistant VP/Controller 9096218043 2024-05-10 1 Mia Alonzo 999009999 1 Tracy S Paglia P00366884 2099556100 2024-05-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z The Claremont Colleges Services Stig Lanesskog 101 S Mills Ave Claremont CA 91711 90146078 0 X https://services.claremont.edu/ X 2000 CA To provide exceptional shared services to the members of The Claremont Colleges. 18 9 440 16 132636 103547 2172181 27133 43105830 46425910 2198962 1950257 5395 -3047 47482368 48400253 250 1010 0 0 27926160 30407887 0 0 590 39422180 23465962 67348590 53874859 -19866222 -5474606 158040859 150517803 29123299 26861606 128917560 123656197 To provide exceptional shared services as the preferred partner of The Claremont Colleges. 0 0 22383446 0 22559706 Institutional Support services provided to the Claremont Colleges by TCC include: food services administration; physical plant and facilities support; payroll and accounting; information technology; real estate; risk management; and employee benefits. Additional functions include advancing The Claremont Colleges, founding additional institutions and promoting cooperation among members to enhance programs. 14442689 0 13151155 Academic Support services provided by TCC include the central library system and bookstore providing library services and making textbooks available for the faculty and students of the Claremont Colleges. 8931789 1010 10715049 Student services provided to the Claremont Colleges by TCC include: health and counseling services; ethnic centers; an interfaith office of chaplains and campus safety. 45757924 1 1 0 0 0 0 0 1 1 1 1 1 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 178 0 1 440 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 18 9 0 0 0 0 0 1 1 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 Gabrielle G Starr Constituent Member 1.00 40.00 X 0 1055596 64782 Hiram E Chodosh Constituent Member 1.00 40.00 X 0 899363 189264 Maria M Klawe Constituent Member 1.00 50.00 X 0 754008 125133 Sheldon M Schuster Constituent Member 1.00 40.00 X 0 647835 53279 Len Jessup Constituent Member 1.00 40.00 X 0 534698 81823 Stig Lanesskogg Chief Executive Officer 40.00 0.00 X X 462456 0 60791 Amy Marcus-Newhall Constituent Member (as of 03/23) 1.00 40.00 X 0 405351 59657 Suzanne Keen Constituent Member (thru 03/23) 1.00 40.00 X 0 298348 113174 Prateek Jindal Director of Student Health 40.00 0.00 X 310917 0 75162 Janet Smith Dickerson VP of Student Affairs 40.00 0.00 X 275472 0 35703 Colin Tudor - Secr to the Board/AVP for Comm Relations 40.00 0.00 X 247848 0 57767 Vanessa Aguirre VP of Finance & Treasurer 40.00 0.00 X 244781 0 60088 Janet Bishop Dean of the Library 40.00 0.00 X 213719 0 47429 Jill Klein Constituent Member 1.00 40.00 X 0 245780 1738 Mia Alonzo Assistant Vice President/Controller 20.00 28.00 X 183403 0 57934 Dennis Miller AVP for HR and Benefits Admin 40.00 0.00 X 180368 0 34037 Crystal Rossetti Chief Human Resources Officer 40.00 0.00 X 158209 0 50310 Kerean Povich - Senior Dir Enterprise Business System 40.00 0.00 X 167592 0 27803 Lee Gilbertson - Dir Infrastruct Service/AVP for IT (as of 05/23) 40.00 0.00 X 156118 0 32358 Laura Landa AVP of Communications 40.00 0.00 X 157510 0 25727 David G Mgrublian Chair of the Board 1.00 2.00 X X 0 0 0 James C Bean Constituent Member 1.00 1.00 X 0 0 0 Samuel Glick Constituent Member 1.00 1.00 X 0 0 0 Donald P Gould Constituent Member 1.00 8.00 X 0 0 0 Laura Hocket Constituent Member 2.00 4.00 X 0 0 0 Timothy J Kirley Constituent Member 1.00 1.50 X 0 0 0 Cristina Rose Director 1.00 1.00 X 0 0 0 Nina Russel Director 1.00 1.00 X 0 0 0 James Widergren Constituent Member 1.00 1.00 X 0 0 0 2758393 4840979 1253959 46 0 1 0 University of Illinois 620 East John St Champaign IL 61820 Covid Testing 2654938 DG Investment Intermediate Holdings 2 I One Commerce Dr Schaumburg IL 60173 Security - Wireless Alarm Network 663152 Key Government Finance Inc 1000 South McCaslin Blvd Superior CO 80027 Equipment Lease 560000 Timely MD 1315 S Adams St Fort Worth TX 76104 Medical Services 490727 ThyssenKrupp Elevator Corp 3100 Interstate North Ctr SE Ste 5 Atlanta GA 303392227 Maintenance - Elevator 466448 41 27133 27133 Support Services 611710 46024677 46024677 Student Loan Interest 611710 276191 276191 Program Rental 611710 125042 125042 46425910 1506965 132636 1374329 541 541 40897 43944 -3047 -3047 -3047 42114632 30000 41697831 4050 416801 25950 442751 442751 48400253 46425910 132636 1814574 1010 1010 2172136 923825 1248311 21188186 18804013 2384173 1883031 1697783 185248 3489692 3089702 399990 1674842 1442115 232727 442267 293193 149074 175563 175563 270567 270567 5032408 4323758 708650 77944 57903 19451 590 3277011 3121861 155150 2479091 1408972 1070119 1512326 1509396 2930 341806 289309 52497 444622 364694 79928 667264 642987 24277 883160 857955 25205 2361745 1741738 620007 197538 197172 366 Books & Periodicals 4411114 4411114 Building Repair 408221 220250 187971 Non-capitalized Equipme 355047 97902 257145 Food & Housing 1400 1400 126868 84309 42559 53874859 45757924 8116345 590 9770663 3726861 2239467 4305969 4399449 3153247 345808 394752 2020920 2277857 87217951 43105555 42916383 44112396 66002660 59349105 26492969 28244168 3275407 3111695 577133 1154599 0 687154 158040859 150517803 11051920 9385472 10436577 9732096 1639978 2082438 5764448 4732912 230376 928688 29123299 26861606 X 97027603 91172265 31889957 32483932 128917560 123656197 158040859 150517803 X -5474606 181627 31616 X 0 1 X 1 0 X X X 7 Pomona College 951664112 2 1 0 0 Claremont Graduate University 951664100 2 1 0 0 Scripps College 951664123 2 1 0 0 Claremont McKenna College 951664101 2 1 0 0 Harvey Mudd College 951911219 2 1 0 0 Pitzer College 952261113 2 1 0 0 Keck Graduate Institute of Applied Life Sciences 954625327 2 1 0 0 7 0 0 209270 526137 1466178 2172181 27133 4400899 209270 526137 1466178 2172181 27133 4400899 4400899 1020178 876898 258126 126817 1415768 3697787 79712 378117 225102 104696 787627 8886313 222629783 0.49520 0.57130 X 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 Schedule A, Part I, Line 12, Col (vi) - Other Support The purpose of TCC is to support The Claremont Colleges (organizations listed under Schedule A, Part I, item 12). Therefore, all of the program expenses are support paid for the benefit of the organizations listed. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 31600 X X X X X See Part XIV 0 0 1 X 31157526 4984 2046111 7248 1317918 270567 31612888 34520534 19345 -1910135 6569 1257760 207889 31157526 27013697 1000 9042480 6083 1282289 248271 34520534 29089495 1249 -570030 6086 1293724 207207 27013697 28587759 2100 2037813 6003 1285709 246465 29089495 0.01577 0.40457 0.57967 1 1 1 7563988 7563988 50246976 38582513 11664463 18228010 4099535 14128475 11178977 423507 10755470 44112396 Absolute Return 5036310 F Private Equity/Venture Capital 5209513 F Real Assets Funds 4147138 F International Equity Funds 7785132 F Domestic Equity Funds 6066075 F 28244168 Asset Retirement Obligation 241534 Lease Obligation - Operating 687154 928688 X 48386873 181627 208196 389823 47997050 270567 132636 403203 48400253 53648236 43944 43944 53604292 270567 270567 53874859 Part III, Line 4: TCC holds a historic musical instrument (violin), which is used in the above activities as well as for teaching and performance, which furthers the educational purpose of the affiliated institutions. Part IV, Line 2b: The funds held for others consist of intercollegiate program surplus of $2,082,438. Part V, Line 4: TCC uses the earnings of its endowment funds according to the direction of the donor. Earnings are primarily used to support the Libraries of the Claremont Colleges and intercollegiate scholarships and professorships. Where no donor intent is specified, the earnings fund the general operations of TCC. Part X, Line 2: TCC is exempt from Federal and California income taxes under Section 501(c)(3) of the Internal Revenue Code and Section 23701(d) of the California Revenue and Taxation Code, except for taxes on unrelated business income. Since TCC had no material unrelated business income for the years ended June 30, 2023 and 2022, no provision for income taxes has been made in the accompanying financial statements. In accordance with generally accepted account principles, TCC had no uncertain tax positions at June 30, 2023 and 2022. Part XI, Line 2d - Other Adjustments: Actuarial Adjustment 164,252. Rental Expense 43,944. Part XI, Line 4b - Other Adjustments: Partnership Income from Sch K-1 132,636. Part XII, Line 2d - Other Adjustments: Rental Expense 43,944. Central America and the Caribbean - 0 0 Investments 11411334 0 0 0 0 0 0 11411334 0 11411334 1 0 1 1 1 0 Part I, line 3: Accrual Method Part III Accounting Method: X X 1 1 X X 0 1 0 0 0 0 0 0 0 Gabrielle G Starr Constituent Member 0 975335 0 0 0 80261 0 33660 0 31122 0 1120378 0 0 Hiram E Chodosh Constituent Member 0 621863 0 253500 0 24000 0 107822 0 81442 0 1088627 0 0 Maria M Klawe Constituent Member 0 754008 0 0 0 0 0 36600 0 88533 0 879141 0 0 Sheldon M Schuster Constituent Member 0 593835 0 0 0 54000 0 36600 0 16679 0 701114 0 0 Len Jessup Constituent Member 0 479991 0 50000 0 4707 0 51460 0 30363 0 616521 0 0 Stig Lanesskogg Chief Executive Officer 413496 0 0 0 48960 0 33660 0 27131 0 523247 0 0 0 Amy Marcus-Newhall Constituent Member (as of 03/23) 0 405351 0 0 0 0 0 56278 0 3379 0 465008 0 0 Suzanne Keen Constituent Member (thru 03/23) 0 286649 0 0 0 11699 0 32100 0 81074 0 411522 0 0 Prateek Jindal Director of Student Health 309957 0 0 0 960 0 33660 0 41502 0 386079 0 0 0 Janet Smith Dickerson VP of Student Affairs 274512 0 0 0 960 0 33660 0 2043 0 311175 0 0 0 Colin Tudor - Secr to the Board/AVP for Comm Relations 246888 0 0 0 960 0 33660 0 24107 0 305615 0 0 0 Vanessa Aguirre VP of Finance & Treasurer 243821 0 0 0 960 0 33660 0 26428 0 304869 0 0 0 Janet Bishop Dean of the Library 212759 0 0 0 960 0 33660 0 13769 0 261148 0 0 0 Jill Klein Constituent Member 0 245780 0 0 0 0 0 0 0 1738 0 247518 0 0 Mia Alonzo Assistant Vice President/Controller 177443 0 5000 0 960 0 31372 0 26562 0 241337 0 0 0 Dennis Miller AVP for HR and Benefits Admin 179408 0 0 0 960 0 30548 0 3489 0 214405 0 0 0 Crystal Rossetti Chief Human Resources Officer 157249 0 0 0 960 0 26076 0 24234 0 208519 0 0 0 Kerean Povich - Senior Dir Enterprise Business System 166632 0 0 0 960 0 27412 0 391 0 195395 0 0 0 Lee Gilbertson - Dir Infrastruct Service/AVP for IT (as of 05/23) 155158 0 0 0 960 0 16087 0 16271 0 188476 0 0 0 Laura Landa AVP of Communications 156550 0 0 0 960 0 25368 0 359 0 183237 0 0 0 Part I, Line 1a Housing is provided to the CEO for whom the fair market value of the rent is included as taxable income. Taxable cell phone allowances are provided to the organization's officers, key employees, and highest compensated employees reported in Form 990, Part VII. Part I, Line 4b Presidents of The Claremont Colleges participate in Section 457(f) plans provided by their respective institution. One or more of the Presidents received a payment per their plan agreement during the year. A CA Educational Facilities Authority 521705592 130178ZQ2 2011-04-07 9095717 Facilities Renewal & Construction 0 0 0 B CA Educational Facilities Authority 521705592 130178P91 2012-08-02 9212026 Facilities Renewal & Construction 0 0 0 A 4725944 9096449 182732 3375037 5538680 2011 1 0 1 1 B 3533513 9212546 179979 9032567 2012 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 0 0 0 0 1 B 0 0 1 0 0 0 0 0 1 A 1 B 1 Schedule K, Part II, Line 3, Column A The difference between the issue price of $9,095,717 and proceeds of $9,096,449 is the result of investment earnings. Schedule K, Part II, Line 3, Column B The difference between the issue price of $9,212,026 and the proceeds of $9,212,546 is a result of investment earnings. Form 990, Part VI, Section A, line 7a The Claremont Colleges, Inc. ("TCC") is the central coordinating institution of The Claremont Colleges, a cluster of seven undergraduate, graduate, and professional academic institutions ("Member Institutions"). The governing body of TCC is its Board of Directors ("Board"). The Board is composed of the Chief Executive Officer of TCC, the Presidents and Board Chairs of each of the seven Member Institutions, and at least three Independent Directors (who are elected or appointed by the Board). Form 990, Part VI, Section A, line 7b TCC is governed, in part, by a constitution. Article VIII of that constitution provides that it may be amended by the Board; however, amendments to six specific articles (Article II, Objectives, Article IV, Central Coordinating Institution, Article V, Size of Member Institutions, Article VI, Instructional Services, Article VII, Procedures for New Colleges and Other Institutions, and Article VIII, Amendments) become effective only "upon ratification by the respective boards of the member institutions." Form 990, Part VI, Section B, line 11b TCC 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. TCC has engaged an outside accounting firm to prepare the Form 990 using information provided by individuals in the Office of Financial Services and the Office of Human Resources, and changes are made as needed. Once a draft is available, it is reviewed by the Chief Executive Officer and Treasurer. After this review and any resulting changes are complete, the revised draft is provided to members of the TCC Audit Committee for questions and comments. Once questions and comments from the Audit Committee are fielded and issues resolved, the Committee accepts the Form 990 and provides it to all voting members of the Board of Directors prior to filing. Form 990, Part VI, Section B, line 12c The Conflict of Interest Policy applies to overseers, officers and employees of TCC. Each year, the Secretary of the Board sends a copy of the policy along with a survey to all overseers and officers to determine if there are any conflicts of interest. The results are reviewed by the Chief Executive Officer to determine if any conflicts exist and are reported to the Audit Committee annually. Any action required due to a conflict is evaluated by the Audit Committee on a case by case basis. Form 990, Part VI, Section B, line 15 TCC has an executive compensation review policy in place for independent review by the Board of Directors. Each year a report of compensation for officers, key employees and other disqualified persons (see Part VII) is prepared and includes historic compensation, and national and regional survey data. The Board meets to approve total compensation before any changes are implemented. Contemporaneous substantiation of the compensation approval is maintained in the form of board minutes. Form 990, Part VI, Section C, line 19 The governing/organizing documents are made available to the public upon request. The conflict of interest policy and financial statements are available on the TCC website: https://services.claremont.edu/ Form 990, Part XI, line 9: Actuarial Adjustment 164,252. Partnership Income from Sch K-1 -132,636. Pomona College 550 N College Ave Claremont CA 91711 951664112 Education CA 501(c)(3) Line 2 N/A 0 Claremont Graduate University 150 E 10th St Claremont CA 91711 951664100 Education CA 501(c)(3) Line 2 N/A 0 Scripps College 1030 Columbia Ave Claremont CA 91711 951664123 Education CA 501(c)(3) Line 2 N/A 0 Claremont McKenna College 500 E 9th St Claremont CA 91711 951664101 Education CA 501(c)(3) Line 2 N/A 0 Harvey Mudd College 301 Platt Blvd Claremont CA 91711 951911219 Education CA 501(c)(3) Line 2 N/A 0 Pitzer College 1050 N Mills Claremont CA 91711 952261113 Education CA 501(c)(3) Line 2 N/A 0 Keck Graduate Institute 535 Watson Dr Claremont CA 91711 954625327 Education CA 501(c)(3) Line 2 N/A 0 0 0 0 1 1 0 0 0 0 1 1 1 0 0 0 1 1 0 0