2023-05-12T16:22:15-05:00 2022-06-30 910189318 Moss Adams LLP 3121 West March Lane Suite 200 Stockton CA 95219 990 2021-07-01 951664101 Claremont McKenna College CLAR 9096218043 500 E Ninth Street NA Claremont CA 91711 Mia Alonzo Controller 9096218043 2023-05-10 1 Mia Alonzo XXX-XX-XXXX Tracy S Paglia P00366884 2099556100 2023-05-10 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z NA Hiram Chodosh 500 E Ninth Street N/A Claremont CA 91711 729905912 0 X www.cmc.edu X 1946 CA Claremont McKenna College is a highly selective, independent, coeducational, residential, undergraduate 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. 44 43 1876 1042 -692 0 50827885 222664713 77193262 114749394 34734971 126974322 1360813 910980 164116931 465299409 26651117 31510879 0 0 62890879 75426870 0 0 4166561 61987145 90547888 151529141 197485637 12587790 267813772 2226003040 2409070336 489566689 656502452 1736436351 1752567884 X See Schedule O 0 0 156501753 31510879 114749394 See Schedule O 156501753 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 0 1 1 0 0 1 1 1 1 0 0 1 2258 0 1 1876 1 1 1 0 0 0 0 0 1 3 0 0 0 0 1 X 44 43 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 Hiram Chodosh President 40.00 1.00 X X 631056 0 180432 James Floyd VP and Chief Investment Officer 1.00 41.00 X 678478 0 78612 Nishant Dass Faculty 40.00 0.00 X 366800 0 72838 Eric Hughson Faculty 40.00 0.00 X 367630 0 58636 Coreen Rodgers thru 0122 VP of Business & Chief Operating Officer 40.00 0.00 X 380000 0 43217 Eric Helland Faculty 40.00 0.00 X 351384 0 58318 Matthew Bibbens VP of Campus Planning and Capital Projects, and Sp 40.00 2.00 X 320623 0 56276 Sharon Basso VP Student of Student Affairs 40.00 0.00 X 278180 0 92439 Michael Denny VP and Deputy CIO 1.00 41.00 X 305000 0 48193 Heather Antecol - VP for Academic Affairs & Dean of Faculty and Bo 40.00 0.00 X 292570 0 58807 Peter Uvin VP for Academic Affairs 40.00 0.00 X 300672 0 37010 Michelle Chamberlain - VP for Advancement & Dean of the Robert Day Schola 40.00 0.00 X 258625 0 43180 Erin Watkins VP Of Business, CFO, Treasurer 40.00 2.00 X 225000 0 44383 Marcie Gardner General Counsel 40.00 0.00 X 220680 0 33594 Mia Alonzo Controller 4.00 20.00 X 0 176365 33985 David G Mgrublian Chair of Board of Trustees 1.00 2.00 X X 0 0 0 Peter K Barker Board Chair Emeritus 1.00 1.00 X X 0 0 0 Robert A Day Board Chair Emeritus 1.00 1.00 X X 0 0 0 Harry T Mcmahon Board Chair Emeritus 1.00 2.00 X X 0 0 0 James B Bemowski Trustee 1.00 0.00 X 0 0 0 A Steven Crown Trustee 1.00 0.00 X 0 0 0 Tina Daniels Trustee 1.00 1.00 X 0 0 0 Cary Davidson Trustee 1.00 0.00 X 0 0 0 David Dreier Trustee 1.00 0.00 X 0 0 0 Steven L Eggert Trustee 1.00 0.00 X 0 0 0 Elyssa M Elbaz Trustee 1.00 0.00 X 0 0 0 Laura M Grisolano Trustee 1.00 0.00 X 0 0 0 E David Hetz Trustee 1.00 1.00 X 0 0 0 Gregory K Hinckley Trustee 1.00 0.00 X 0 0 0 John M Isaacson Trustee 1.00 0.00 X 0 0 0 Susan Matteson King Trustee 1.00 0.00 X 0 0 0 Jeffrey S Klein Trustee 1.00 0.00 X 0 0 0 Henry R Kravis Trustee 1.00 0.00 X 0 0 0 Duane Kurisu Trustee 1.00 0.00 X 0 0 0 Michael Larson Trustee 1.00 1.00 X 0 0 0 Tao Li Trustee 1.00 0.00 X 0 0 0 James B Mcelwee Trustee 1.00 1.00 X 0 0 0 AMB C Steven McGann Trustee 1.00 0.00 X 0 0 0 Marci Lerner Miller Trustee 1.00 0.00 X 0 0 0 Akshata N Murty Trustee 1.00 0.00 X 0 0 0 Robert C Nakasone Trustee 1.00 0.00 X 0 0 0 Paul Nathan Trustee 1.00 0.00 X 0 0 0 Donna Wengert Neff Trustee 1.00 0.00 X 0 0 0 Douglas L Peterson Trustee 1.00 0.00 X 0 0 0 William F Podlich Trustee 1.00 0.00 X 0 0 0 Fredric J Prager Trustee 1.00 0.00 X 0 0 0 Rey Ramsey Trustee 1.00 0.00 X 0 0 0 G Jeffrey Records Jr Trustee 1.00 1.00 X 0 0 0 George R Roberts Trustee 1.00 0.00 X 0 0 0 Richard J Romero Trustee 1.00 0.00 X 0 0 0 Rossi A Russell Trustee 1.00 1.00 X 0 0 0 Bruce A Soll Trustee 1.00 0.00 X 0 0 0 John Shrewsberry Trustee 1.00 0.00 X 0 0 0 Kenneth J Valach Trustee 1.00 0.00 X 0 0 0 Shaw B Wagener Trustee 1.00 0.00 X 0 0 0 Christopher V Walker Trustee 1.00 1.00 X 0 0 0 Emily Meinhardt Trustee 1.00 0.00 X 0 0 0 Harriet B Nembhard Trustee 1.00 0.00 X 0 0 0 4976698 176365 939920 205 0 1 0 Bon Appetit PO Box 50196 Los Angeles CA 90074 Catering 6233516 Hamilton Health Box Inc 2450 Holcombe Blvd Houston TX 77021 Medical Services 3507302 Bjarke Ingels Group California Inc 45 Main Street Ste 900 Brooklyn NY 11201 Engineering/Architecture 2641460 AMB Onsite Services - West Inc PO Box 52609 Los Angeles CA 90074 Janitorial Services 1623544 Alexan Kendry 4868 Cypress St Montclair CA 91763 Housing 1296828 76 364532 222300181 5448540 222664713 Tuition & fees 611600 103853425 103853425 Asset Management Revenue 900099 5574100 5574100 Fed. grants & contracts 611600 5206590 5206590 Rental & Catering 900099 45410 45410 Private contracts 900099 37487 37487 32382 32382 114749394 17412830 -692 17413522 649293 820829 -171536 -171536 -171536 372418166 929000 262789108 996566 109629058 -67566 109561492 109561492 Miscellaneous income 901101 1021031 1021031 Vending, store & laundry 453000 61485 61485 1082516 465299409 114749394 -692 127885994 31510879 31510879 4171950 847524 2712881 611545 54416349 46870895 5631738 1913716 7247094 5933602 1096062 217430 5944682 4773838 972649 198195 3646795 2874214 643943 128638 1469131 48543 1420311 277 726941 135841 590601 499 280409 280409 4227733 4227733 4329996 4032356 172257 125383 873793 299128 453788 120877 9131784 6048398 2948181 135205 2991074 2148436 668131 174507 6136248 4447428 1673203 15617 6215268 5345552 693616 176100 2457765 673006 1735972 48787 14725104 13175430 1479685 69989 3582140 3106829 466553 8758 9494222 8392217 1052235 49770 723637 280269 440608 2760 Related Organizations a 8760296 5105786 3654510 Food & housing 6728704 6723426 5278 Building repair 3421645 2931730 471478 18437 Loss on bond defeasance 2443066 2443066 1828932 796426 882435 150071 197485637 156501753 36817323 4166561 1423584 1016163 41619125 32499728 255421857 410821234 7237314 7505903 90000 70000 2081460 3221493 439916406 148539192 280337169 291377214 175676504 282354218 1454265667 1372332469 6600760 6868709 1249600 1003205 2226003040 2409070336 21782912 32401620 1668581 2244616 106366058 0 225810159 521936116 133938979 99920100 489566689 656502452 X 439752264 370899618 1296684087 1381668266 1736436351 1752567884 2226003040 2409070336 X 267813772 -244943559 -6738680 X 0 1 X 1 1 1 X 47593224 70413411 182970483 50579385 222664713 574221216 47593224 70413411 182970483 50579385 222664713 574221216 308717239 265503977 4817583 8516637 10001642 14484353 18062815 55883030 1664044 4624085 1583622 1248826 1082516 10203093 640307339 479058236 0.41470 0.43410 X Schedule A, Part II, Line 10, Explanation of Other Income: OTHER INCOME - 2017 Amount: $ 1,664,044. 2018 Amount: $ 4,624,085. 2019 Amount: $ 1,583,622. 2020 Amount: $ 1,248,826. 2021 Amount: $ 1,082,516. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 14232 14232 0 Part II-B, Line 1: Dues and memberships paid to organizations to lobby on the College's behalf. Also, to support the effort to reauthorize the Section 568 exemption from the anti-trust laws. 665738 10213208 X X 0 1313226768 10349594 -49669364 11512034 33301008 4106666 1224987290 952269012 26611408 379305154 11096741 30499039 3363026 1313226768 912045198 63972781 15766690 10696178 26102426 2717053 952269012 881013887 21766920 46328406 10471075 24181115 2411825 912045198 833276511 9489915 75916104 10087089 22720680 4860874 881013887 0.22490 0.43620 0.33890 0 0 29498954 29498954 322469403 107248397 215221006 25295600 13141939 12153661 41557441 28148856 13408585 21095008 21095008 291377214 Assets whose use is limited 8676294 F Real Estate, Energy, & Timber 1520724 F Investment in Claremont Investment Fund 1362135451 F 1372332469 Life income and Annuities payable 62282390 Funds held in trust 1988197 Government advance for student loans 411454 Asset Retirement Obligation 995898 Investment Liability 34242161 99920100 177670966 -244943559 -8361970 -253305529 430976495 4227733 30095181 34322914 465299409 161539794 820829 820829 160718965 4227734 32538938 36766672 197485637 Part III, Line 4: The College's works of art are held for public exhibition to enrich the teaching of art and humanities at the College. 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. Part XI, Line 2d - Other Adjustments: Rental expenses reclassified to revenue 820,829. Actuarial adjustment -6,714,134. Pledge Write Offs -25,600. Loss on Bond Defeasance -2,443,065. Part XI, Line 4b - Other Adjustments: Student aid, reclassified to expenses 30,095,873. Income from K-1's -692. Part XII, Line 2d - Other Adjustments: Rental expenses reclassified to revenue 820,829. Part XII, Line 4b - Other Adjustments: Student aid, reclassified to expenses 30,095,873. Loss on Bond Defeasance 2,443,065. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Claremont McKenna College is an equal opportunity employer and educator, firmly committed to providing equal opportunity for all our community members, irrespective of an individual's background. The College's Civil Rights Policy Statement on Equal Employment, Affirmative Action, and Non-Discrimination represents the College's overarching policy statement related to civil rights protections at CMC. The policy is publicized through the course catalog, website, employment application, and campus policy library. Additionally, the College has an established history of enrolling students from diverse backgrounds, with 45% being students of color. 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. 1 Financial Aid 680 31510879 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 with compliance requirements by participating in professional development workshops and reviewing federal compliance updates from the Department of Education and NASFAA. X X X X 1 1 X X X X X 0 1 0 0 0 0 0 1 0 Hiram Chodosh President 607056 0 0 0 24000 0 101622 0 78810 0 811488 0 0 0 James Floyd VP and Chief Investment Officer 528228 0 150000 0 250 0 51444 0 27168 0 757090 0 0 0 Nishant Dass Faculty 366800 0 0 0 0 0 44649 0 28189 0 439638 0 0 0 Eric Hughson Faculty 367630 0 0 0 0 0 45430 0 13206 0 426266 0 0 0 Coreen Rodgers thru 0122 VP of Business & Chief Operating Off 370000 0 10000 0 0 0 31944 0 11273 0 423217 0 0 0 Eric Helland Faculty 341384 0 10000 0 0 0 41595 0 16723 0 409702 0 0 0 Matthew Bibbens VP of Campus Planning and Capital Pr 310623 0 10000 0 0 0 41043 0 15233 0 376899 0 0 0 Sharon Basso VP Student of Student Affairs 268180 0 10000 0 0 0 35663 0 56776 0 370619 0 0 0 Michael Denny VP and Deputy CIO 275000 0 30000 0 0 0 31944 0 16249 0 353193 0 0 0 Heather Antecol - VP for Academic Affairs & Dean of Faculty a 282570 0 0 0 10000 0 37473 0 21334 0 351377 0 0 0 Peter Uvin VP for Academic Affairs 300672 0 0 0 0 0 30059 0 6951 0 337682 0 0 0 Michelle Chamberlain - VP for Advancement & Dean of the Robert Day 258625 0 0 0 0 0 31944 0 11236 0 301805 0 0 0 Erin Watkins VP Of Business, CFO, Treasurer 225000 0 0 0 0 0 29057 0 15326 0 269383 0 0 0 Marcie Gardner General Counsel 200680 0 0 0 20000 0 24239 0 9355 0 254274 0 0 0 Mia Alonzo Controller 0 171805 0 3600 0 960 0 9707 0 24278 0 210350 0 0 Part I, Line 1a -First-class travel - The College pays for the class above economy for all domestic and international travel for the president per employment contract. - Travel for Companions - The College pays for expenses for the President's spouse's travel as covered per contract with valid business reason. - Housing allowance or residence for personal use - The College provides housing to the president and a key employee as a condition of employment. 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. - Health or social club dues - The College pays dues to a social club for the sole purpose of conducting college business; no personal social activities are allowed. Because no personal social activities are conducted, the dues are not included in taxable compensation. Part I, Line 4b -Hiram Chodosh participates in a nonqualified deferred compensation plan under section 457(f). No distributions were made from the plan in fiscal year 2021. Part I, Line 7 The College paid one time performance related bonuses. Matthew Bibbens VP of Campus Planning and Capital Projects, and Special Counsel Housing Assistance X 100000 22500 0 1 1 Peter Uvin VP for Academic Affairs Housing Assistance X 100000 47500 0 1 1 70000 Evan Rutter Family of Michelle Chamberlain, VP for Advancement & Dean of RDSP 145000 Employment 0 Priya Junnar Family of Hiram Chodosh, President of the College 112000 Employment 0 Minju Kim Family of Peter Uvin, VP for Academic Affairs 153607 Employment 0 X 3 665738 FMV X 88 3840931 FMV X 1 928000 FMV X 13 13870 Cost of donated property 2 0 1 1 Part I, Column (b): Number of Contributions Part I, Line 32b: A related organization works with a real estate broker to sell the non-cash donations of real estate. Form 990, Part III, Line 1, Description of Organization Mission: Since 1946, Claremont McKenna College's mission has been to prepare students for thoughtful and productive lives and responsible leadership in business, government, and the professions. The mission is rooted in what the founders called the Original Idea," which was that CMC would provide an education "rationally balanced to meet the political, economic, social, and cultural needs of students so as to prepare them for tomorrow's world of affairs." They envisioned CMC as a residential liberal arts college that would be distinguished by its focused academic program and its commitments to responsible leadership and research. Their vision and mission would come to life through: i) an academic program focused on core liberal arts disciplines across the social sciences, sciences, and humanities; ii) a curricular emphasis in economics and government with the expectation that all students would engage with the current affairs of the day; iii) an interdisciplinary approach; iv) a balanced view of economic and political perspectives; v) a faculty of top quality teacher-scholars; and vi) a commitment to ethics. Form 990, Part III, Line 4a, Program Service Accomplishments: Claremont McKenna College, one of the nation's top liberal arts colleges, prepares students to make a difference. Since 1946, Claremont McKenna College's mission has been to prepare students for thoughtful and productive lives and responsible leadership in business, government, and the professions. The College attracts a student body that is broadly diverse and accomplished beyond the classroom. Claremont McKenna is a member of The Claremont Colleges, a seven-college consortium modeled after Oxford University. Students have the best of both worlds: the intimacy of a small residential college with small classes and a student-faculty ratio of nine to one, and the shared resources of a larger research university. Renowned for expertise in economics, government, humanities, and the sciences, Claremont McKenna has been a leader in academic freedom and viewpoint diversity, as well as a community that values persuasive and reasoned debate. The College emphasizes the integration of leadership and innovation experience within eleven world-class research institutes, the Marian Miner Cook Athenaeum, and sponsored off-campus internships. More than 90% of students complete internships and nearly half study off-campus during their four years. CMC's Student Opportunity Center provides all students with advising, mentoring and networking support that is tailored to each student's professional goals. Many Claremont McKenna graduates go on to receive prestigious post-graduate fellowships and degrees in business, law, medicine, and many other fields. CMC alumni thrive in a wide range of careers including consulting, education, business, government, media, nonprofit leadership, science, and technology. Claremont McKenna excels nationally in post-graduate job placement and career success. Form 990, Part VI, Section A, line 2 Henry R. Kravis and George R. Roberts are Trustee members and have both a family and business relationship. Form 990, Part VI, Section B, line 11b 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 Form 990 using information provided by the College's Treasurer's Office and the Claremont Colleges Services' 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, the Associate Vice President of Finance, and the Vice President of Business Chief Financial Officer and 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 Audi 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 members 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 for corporate officers, key employees, and principal 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, including prevailing market compensation for similar administrative positions in the greater Los Angeles area. 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. Form 990, Part XI, line 9: Actuarial adjustment -6,714,134. Income from K-1's 692. Writeoff of pledge receivables -25,238. Claremont McKenna College Holdings LLC 500 E 9th Street Claremont CA 91711 Property Holdings CA 0 0 Claremont McKenna College The Claremont Colleges Inc 101 S Mills Ave Claremont CA 91711 954786748 Supporting Organization CA 501(c)(3) 12a, type I N/A 0 Claremont McKenna College Foundation 500 E 9th Street Claremont CA 91711 330735781 Supporting Organization CA 501(c)(3) 12a, 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 Claremont Investment Fund 500 E 9th Street Claremont CA 91711 823049880 Supporting Organization CA 501(c)(3) 12a, type I Claremont McKenna College 1 Claremont Investment Management Company 500 E 9th Street Claremont CA 91711 823028605 Supporting Organization CA 501(c)(3) 12a, type I Claremont McKenna College 1 Claremont Mckenna College Alumni Association 400 North Claremont Boulevard Claremont CA 91711 956092792 Supporting Organization CA 501(c)(3) PF Claremont McKenna College 1 Pre-69 Trusts (3) 101 South Mills Ave Claremont CA 91711 Holdings CA N/A 0 Charitable Remainder Unitrusts (25) 101 South Mills Ave Claremont CA 91711 Holdings CA N/A 0 Charitable Remainder Annuity Trust 101 South Mills Ave Claremont CA 91711 Holdings CA N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 1 Claremont Investment Fund S 36000000 FMV Claremont Investment Management Company L 5574100 FMV Claremont Investment Fund R 91000000 FMV