2023-05-05T16:29:13-05:00 2022-06-30 910189318 Moss Adams LLP 3121 W March Ln Ste 200 Stockton CA 952192367 990 2021-07-01 951664123 Scripps College SCRI 9096218043 1030 Columbia Avenue Claremont CA 91711 Mia Alonzo Assistant VP/Controller 9096070689 2023-04-15 1 Mia Alonzo XXX-XX-XXXX Tracy S Paglia P00366884 2099556100 2023-05-02 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z Amy Marcus-Newhall 1030 Columbia Avenue Claremont CA 91711 343365475 0 X www.scrippscollege.edu X 1926 CA Scripps College ("Scripps") is an independent, liberal arts, undergraduate college for women. 33 32 1067 386 -63295 0 9749439 6621087 52776814 84763241 28099276 27403341 -308437 -389317 90317092 118398352 16683948 21674958 0 0 32805540 39756730 0 0 3851911 28333891 51605788 77823379 113037476 12493713 5360876 792604891 703884295 112507965 109776263 680096926 594108032 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 98229485 21674958 84763241 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 1,100 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. 98229485 1 1 0 0 0 0 0 1 1 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 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 1448 0 1 1067 1 1 1 0 0 0 0 0 0 0 0 0 0 1 X 33 32 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 1 0 0 CA X Mia Alonzo 9096218043 101 S Mills Avenue Claremont CA 91711 Amy Marcus-Newhall Interim President 40.00 1.00 X X 415279 0 30719 Dean Calvo VP/Business Affairs/Treasurer 40.00 1.00 X 317466 0 55489 Binti Harvey - VP External Relations & Institutional Advancement 40.00 0.00 X 282130 0 41195 Ulysses Sofia Faculty 40.00 0.00 X 267945 0 27886 Denise Nelson Nash VP/Secretary of the Board 40.00 0.00 X 236589 0 24063 Larissa Tiedens Former President thru 04/21 40.00 0.00 X 219368 0 24542 Diane Holmes - AVP Business Affairs/Assistant Treasurer 40.00 0.00 X 202858 0 35529 Victoria Romero VP for Admissions 40.00 0.00 X 214802 0 23223 Myriam Chancy Faculty 40.00 0.00 X 217204 0 20492 Mia Alonzo Asst VP/Controller 4.00 20.00 X 0 176365 33985 Gretchen Edwards-Gilbert VP for Academic Affairs (Acting) 40.00 0.00 X 187216 0 20121 Jennifer Berklas AVP - Human Capital & Risk Mgmt 40.00 0.00 X 186415 0 20912 Nancy Macko Faculty 40.00 0.00 X 186702 0 19929 Charlotte Johnson VP/Dean of Students thru 07/21 40.00 0.00 X 161553 0 32330 Lynne Thompson Chair 4.00 2.00 X X 0 0 0 Laura Hockett Co-Vice Chair 2.00 0.00 X X 0 0 0 Robert Sacks Co-Vice Chair 2.00 0.00 X X 0 0 0 Ellen Clark Brown Trustee 2.00 0.00 X 0 0 0 Mino Capossela Trustee 2.00 0.00 X 0 0 0 Angelica Clark Trustee 2.00 0.00 X 0 0 0 Chalan Colby Trustee 1.00 0.00 X 0 0 0 Deborah David Trustee 2.00 0.00 X 0 0 0 Libby DeMeo Trustee 2.00 0.00 X 0 0 0 Patricia Y Fechner Trustee 2.00 0.00 X 0 0 0 John O Fukunaga Trustee 1.00 0.00 X 0 0 0 Mark R Herron Trustee 2.00 0.00 X 0 0 0 Joan Isaacs Trustee 2.00 0.00 X 0 0 0 Patricia Jackson Trustee 2.00 0.00 X 0 0 0 Christophe Jungels-Winkler Trustee 2.00 0.00 X 0 0 0 David A Lahar Trustee 2.00 1.00 X 0 0 0 Liz Lee Trustee 1.00 0.00 X 0 0 0 Szeyin Lee Trustee 1.00 0.00 X 0 0 0 Jennifer McDonnell Trustee 1.00 0.00 X 0 0 0 Suzanne Ely Muchnic Trustee 2.00 0.00 X 0 0 0 Beth Nolan Trustee 1.00 0.00 X 0 0 0 Liz Olson Trustee 1.00 0.00 X 0 0 0 Gale Picker Trustee 1.00 0.00 X 0 0 0 Dwandalyn Reece Trustee 1.00 0.00 X 0 0 0 Kalpana Singh Rhodes Trustee 1.00 0.00 X 0 0 0 Aby Rivera Trustee 1.00 0.00 X 0 0 0 Fran Scoble Trustee 2.00 0.00 X 0 0 0 Claude Steele Trustee 1.00 0.00 X 0 0 0 Brooke Tomblin Trustee 1.00 0.00 X 0 0 0 Carolyn Wu Trustee 1.00 0.00 X 0 0 0 Katherine Wyble Trustee 1.00 0.00 X 0 0 0 Salle E Yoo Trustee 2.00 0.00 X 0 0 0 3095527 176365 410415 93 0 1 0 KAR Construction Inc 1306 W Brooks St Ontario CA 917623611 Construction 2351519 Bon Appetit PO Box 50196 Los Angeles CA 900740916 Food service 1631452 Healthcare IT Leaders LLC 925 N Point Pkwy Ste 425 Alpharetta GA 30005 Staffing - Healthcare Technology 1531890 Cambridge Associates LLC 125 High St Boston MA 021102112 Investment Management Services 714232 Hamilton Healthcare Construction 202 Mercury Cir Pomona CA 91768 Construction 351352 21 299179 6321908 1089200 6621087 Tuition, Room & Board 611600 82237890 82237890 Fed Grants & Contracts 611600 1512661 1512661 Co-Curricular Op. 611600 55230 55230 Summer Programs 611600 2050 2050 955410 955410 84763241 2328270 -63295 2391565 5545 5545 440133 834995 -394862 -394862 -394862 249190199 17000 224006476 125652 25183723 -108652 25075071 25075071 118398352 84763241 -63295 27077319 21674958 21674958 2679432 1180385 1297051 201996 26435314 23102064 1686115 1647135 4995719 4257420 399585 338714 3566081 2762071 371268 432742 2080184 1731323 209153 139708 1466061 1466061 419383 168546 245821 5016 200691 200691 1846345 1846345 8867489 8007991 459017 400481 242242 144618 67322 30302 4887972 4670879 136245 80848 1147642 862535 211943 73164 5217413 4662917 479287 75209 544442 463693 47343 33406 460545 399849 38489 22207 2561569 2487393 53322 20854 296248 140747 142642 12859 8783985 7962826 778445 42714 550206 4214 545992 Related orgs and affili 11809674 10093779 1615105 100790 Building Repair 1142106 1094588 38128 9390 Food & Housing 460079 452574 5395 2110 Non-Capitalized Equipme 247894 233906 11797 2191 453802 204148 69579 180075 113037476 98229485 10956080 3851911 3357040 310622 49248722 45669115 6594256 4068761 2080852 1643975 71840 19214 32751 31194 372256 605600 249520022 102128412 163785161 147391610 250545687 195522630 292814350 284538663 2758095 2545495 20943881 21537416 792604891 703884295 6934690 7476436 2748506 2304780 97644653 95408579 104922 101842 5075194 4484626 112507965 109776263 X 152925724 142432549 527171202 451675483 680096926 594108032 792604891 703884295 X 5360876 -89810629 -1539141 X 0 1 X 1 1 1 X 15303849 13327176 7738928 9748939 6621087 52739979 15303849 13327176 7738928 9748939 6621087 52739979 3540431 49199548 2289881 4120672 3627717 2089339 2837243 14964852 39114 0 39114 67743945 363526012 0.72630 0.73670 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 565301 21537416 X X X X 0 0 1 X 542361961 2070521 -62217342 3066291 15508404 1655463 461984982 377593995 3740526 185296421 5679783 17450256 1138942 542361961 379679497 2633315 12202738 3905321 12111195 905039 377593995 367888532 4489591 24316532 3855052 12158843 1001263 379679497 343168437 10773523 30827561 3644348 12345027 891614 367888532 0.09990 0.38700 0.51310 1 0 15080110 15080110 929577 188149010 78696412 110382175 7729272 4147855 3581417 26303665 16801975 9501690 11328388 2482170 8846218 147391610 Growth oriented hedge funds 18093380 F Diversifying hedge funds 40972045 F Private equity 198472325 F Other investments 655150 F Investments held at cost 26345763 C 284538663 Life income and annuities payable 3078975 Government advances for student loans 104111 Asset retirement obligation 1301540 4484626 X 5717270 -89810629 -767441 -90578070 96295340 1846345 20256667 22103012 118398352 91706164 834995 834995 90871169 1846345 20319962 22166307 113037476 Part III, Line 4: The College capitalizes its collections of works of art and rare books at their appraised or estimated fair value upon date of gift. In some cases, collection items held solely for their potential educational value or historic significance, or where the cost to establish the current fair value was deemed to exceed the benefit, were not assigned value for the purpose of capitalization. Purchased collections are valued at cost. Part IV, Line 2b: The amounts in Funds Held in Trust for Others are funds held for third party remainderman on charitable remainder trusts and an amount for a private loan program. The amount held for the third party remainderman is held by a third party administrator and the loan program is held with the College. 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 5.0% and 6.6% to the twenty-quarter average market value of pooled investments for the years ended June 30, 2022 and 2021, respectively. Part X, Line 2: The objective of the College is to maintain and conduct a 501(c)(3) nonprofit educational institution. The primary purpose of accounting and reporting is the recording of resources received and applied rather than the determination of net income. The College had no uncertain tax positions and/or obligations at June 30, 2022 and 2021. The College has no unrecognized tax benefits as of June 30, 2022 and 2021. Part XI, Line 2d - Other Adjustments: Actuarial Adjustment of Annuity and Life Income Liabilities -1,533,406. Rental Expense 834,995. Loss on Contribution Receivable -69,030. Part XI, Line 4b - Other Adjustments: Student Financial Aid 20,319,962. Unrelated Business Income/Loss from Alternative Investments -63,295. Part XII, Line 2d - Other Adjustments: Rental Expense 834,995. Part XII, Line 4b - Other Adjustments: Student Financial Aid 20,319,962. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The racially nondiscriminatory policy is stated in brochures, the College catalog, and is accessible on the College's website. 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 153481952 Europe 0 0 Investments 1796831 East Asia and the Pacific 0 0 Investments 3119426 0 0 0 0 0 0 158398209 0 158398209 1 0 1 1 1 0 Part I, line 3: Accrual Method Part III Accounting Method: 1 Student Financial Aid 598 20319962 SEOG 47 179803 Other Awards 302 485077 HEERF 1110 690116 Part I, Line 2: Grants for tuition assistance (Student Financial Aid and FSEOG) are non-cash transactions and are applied directly to each student account to offset student charges. All other grants (HEERF and Other Awards) are direct grants to students with physical checks or ACH transactions being processed. Outstanding checks are monitored to ensure that checks are received and cashed. X X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 Amy Marcus-Newhall Interim President 415279 0 0 0 0 0 27900 0 2819 0 445998 0 0 0 Dean Calvo VP/Business Affairs/Treasurer 317466 0 0 0 0 0 21000 0 34489 0 372955 0 0 0 Binti Harvey - VP External Relations & Institutional Advancemen 282130 0 0 0 0 0 17976 0 23219 0 323325 0 0 0 Ulysses Sofia Faculty 267945 0 0 0 0 0 16518 0 11368 0 295831 0 0 0 Denise Nelson Nash VP/Secretary of the Board 236589 0 0 0 0 0 14814 0 9249 0 260652 0 0 0 Larissa Tiedens Former President thru 04/21 146984 0 0 0 72384 0 0 0 24542 0 243910 0 0 0 Diane Holmes - AVP Business Affairs/Assistant Treasurer 202858 0 0 0 0 0 12793 0 22736 0 238387 0 0 0 Victoria Romero VP for Admissions 214802 0 0 0 0 0 13486 0 9737 0 238025 0 0 0 Myriam Chancy Faculty 217204 0 0 0 0 0 12731 0 7761 0 237696 0 0 0 Mia Alonzo Asst VP/Controller 0 171805 0 3600 0 960 0 9707 0 24278 0 210350 0 0 Gretchen Edwards-Gilbert VP for Academic Affairs (Acting) 187216 0 0 0 0 0 12300 0 7821 0 207337 0 0 0 Jennifer Berklas AVP - Human Capital & Risk Mgmt 185349 0 612 0 454 0 11685 0 9227 0 207327 0 0 0 Nancy Macko Faculty 186702 0 0 0 0 0 10987 0 8942 0 206631 0 0 0 Charlotte Johnson VP/Dean of Students thru 07/21 127539 0 0 0 34014 0 4922 0 27408 0 193883 0 0 0 Part I, Line 1a The President's written contract includes housing as a condition of employment. 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. No material services are performed in the private use portion of the residence, therefore, the value of the services is not included in taxable compensation. The President's written contract allows for first-class travel when travelling during off-peak hours or foregoing a one-night hotel stay. The value of first-class travel was not included in taxable compensation. Part I, Line 4b Larissa Tiedens participated in a supplemental non-qualified retirement plan. No contributions or distributions were made during 2021. A California Municipal Finance Authority 201563466 000000000 2020-10-20 100000000 To refund the CMFA 2017 Tax-Exempt Loan and renovate college buildings 0 0 0 A 3875466 99500000 258070 14473278 84768652 2020 1 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 Schedule K, part I, line A, column (f): Description of Purpose: To refund the CMFA 2017 Tax-Exempt Loan and for the purchase and renovation of various college buildings. Schedule K, Part II, Line 3 The difference is due to bond discount. X 3 565301 FMV X 27 523899 FMV 0 0 1 0 Part I, Column (b): The College is reporting the number of contributors in column (b). Form 990, Part VI, Section A, line 1a The Executive Committee is composed of the Chair of the Board, the Vice-Chair(s) of the Board, the President of the College, the Chair of each Standing Committee of the Board of Trustees, the Chair of each committee of the Board of Trustees, and such other Trustees appointed. Subject to limitations contained in California Corporations Code Section 5212(a) and additional limitations contained in the Scripps College Bylaws, when the Scripps College Board of Trustees is not in session, the Executive Committee has the authority of the Board of Trustees. Form 990, Part VI, Section A, line 7a The Board of Trustees has three ex-officio trustees: the President of the College, the President of the College's Alumnae Association, and the Chair of the Scripps Association of Families. The two Recent Graduate Trustees are elected by the Alumnae Association. Form 990, Part VI, Section B, line 11b Scripps utilizes a process for review of the IRS Form 990 Return of Organization Exempt From Income Tax (Form 990) 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, Budget Financial Analyst, Associate Vice President for Business Affairs/Assistant Treasurer and Senior Accountant. After this review and any resulting changes are complete, the Trustees are provided a copy of the Form 990 for questions and comments in mid-April. Once questions and comments from the Audit, Risk, and Compliance Committee are fielded and issues resolved, the Audit, Risk, and Compliance Committee endorses the Form 990. The Form 990 with redacted Schedule B, Schedule of Contributors, 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 upon request. Form 990, Part VI, Section B, line 12c All officers, trustees and key employees sign a conflict of interest policy and periodically disclose relationships which may give rise to a conflict of interest. All disclosures are reviewed annually by the Trusteeship and Governance Committee and the Audit, Risk, and Compliance (ARC) Committee of the Board of Trustees. Covered members must promptly disclose new potential conflicts to the Chair of the Board, the Chair of the ARC Committee, or the President. Following such disclosure, the Executive Committee of the Board will determine whether a conflict of interest exists. [In the event that a conflict is discovered during a board or committee meeting, the member with the potential conflict will be recused from the discussion and vote as deemed appropriate.] Form 990, Part VI, Section B, line 15a The Compensation Sub-Committee is a sub-committee of the Executive Committee of the Board of Trustees and is composed solely of independent Trustees. The Compensation Sub-Committee has the primary responsibility for reviewing and approving the compensation of the President/CEO and CFO, and it is advisory to the President/CEO with respect to the compensation of other members of the Senior Staff. In completing its review and approval, the Compensation Sub-Committee considers compensation data from higher education nationwide and regionally. All compensation changes are reviewed by the Sub-Committee and memorialized in minutes. The Compensation Sub-Committee submits the President/CEO and CFO compensation adjustments to the Executive Committee for final approval. The approval of the President/CEO and CFO compensation are memorialized in minutes. The review of compensation of the officers and key employees was conducted by the President/CEO of the College, who solicited the advice and counsel of the Compensation Sub-Committee, which reviews comparability data. Form 990, Part VI, Section C, line 19 The College's governing documents and conflict of interest policy are made available to the public upon request. The College's audited financial statements are available on the College's website and upon request from the Treasurer's Office. Form 990, Part XI, line 9: Unrelated Business Income/Loss from Alternative Investments 63,295. Actuarial Adjustment of Annuity and Life Income Liabilities -1,533,406. Loss on Contribution Receivable -69,030. The Claremont Colleges Inc 101 S Mills Ave Claremont CA 91711 954786748 Provide academic and business services CA 501(c)(3) Line 12a, I N/A 0 Scripps-Pitzer Property Holdings LLC 1030 North Columbia Ave Claremont CA 91711 842206074 Property holding CA N/A Related -144312 26601854 0 1 0.50000 Charitable Remainder Unitrusts (5) Holding Co CA Scripps College 1 0 1 0 0 0 0 0 0 0 1 0 0 1 0 0 1 0 1 1 Scripps-Pitzer Property Holdings LLC B 26746166 Cash transferred