2022-05-16T13:28:19-05:00 2021-06-30 910189318 Moss Adams LLP 3121 W March Ln Ste 200 Stockton CA 952192367 990 2020-07-01 951664123 Scripps College SCRI 9096218043 1030 Columbia Avenue Claremont CA 91711 Mia Alonzo Controller 9096070689 2022-03-15 1 Mia Alonzo XXX-XX-XXXX Tracy S Paglia P00366884 2099556100 2022-05-07 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z Amy Marcus-Newhall 1030 Columbia Avenue Claremont CA 91711 371510074 0 X www.scrippscollege.edu X 1926 CA Scripps College ("Scripps") is an independent, liberal arts, undergraduate college for women. 33 32 1085 356 34643 0 7741212 9749439 78371285 52776814 12794673 28099276 -290953 -308437 98616217 90317092 20541655 16683948 0 0 36689379 32805540 0 0 4027733 41071836 28333891 98302870 77823379 313347 12493713 617457507 792604891 101061536 112507965 516395971 680096926 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 64728698 16683948 52776814 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 900 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. 64728698 1 1 0 0 0 0 0 1 1 1 1 1 0 0 1 1 1 0 1 0 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 194 0 1 1085 1 1 1 0 0 0 0 0 0 0 0 0 0 0 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 Larissa Tiedens President thru 4/21 40.00 1.00 X X 753864 0 151322 Dean Calvo VP/Business Affairs/Treasurer 40.00 1.00 X 301634 0 71074 Binti Harvey VP Ext. Relations 40.00 0.00 X 281260 0 46011 Charlotte Johnson VP/Dean of Students 40.00 0.00 X 249342 0 72927 Amy Marcus-Newhall Interim President as of 04/21 40.00 1.00 X X 279008 0 26224 Ulysses Sofia Faculty 40.00 0.00 X 266688 0 30809 Denise Nelson Nash VP/Secretary of the Board 40.00 0.00 X 235025 0 34540 John Milton Faculty 40.00 0.00 X 206340 0 51069 Victoria Romero VP for Admissions 40.00 0.00 X 213926 0 27689 Diane Holmes AVP Business Affairs/Assistant Treasurer 40.00 0.00 X 198794 0 38883 Myriam Chancy Faculty 40.00 0.00 X 207262 0 24838 Enrique Gonzalez-Salgado AVP - Philanthropy 40.00 0.00 X 177896 0 37383 Mia Alonzo Controller 4.00 20.00 X 0 173190 35161 Jennifer Berklas AVP Human Capital & Risk Mgmt 40.00 0.00 X 178009 0 24071 Gretchen Edwards-Gilbert VP for Academic Affairs (Acting) 40.00 0.00 X 152602 0 19947 Julia Liss Former Dean of Faculty/Faculty 40.00 0.00 X 132500 0 28812 Lynne Thompson Chair 4.00 2.00 X X 0 0 0 Laura Hockett 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 Mino Capossela Trustee 2.00 0.00 X 0 0 0 Angelica Clark Trustee 2.00 0.00 X 0 0 0 Ellen Clark Brown Trustee 2.00 0.00 X 0 0 0 Chalan Colby Trustee 1.00 0.00 X 0 0 0 Jamie Crouch 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 Fechner Trustee 2.00 0.00 X 0 0 0 Prisma Herrera Trustee 1.00 0.00 X 0 0 0 Mark 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 1.00 0.00 X 0 0 0 David Lahar Trustee 2.00 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 Juanita Nash-Dahlen Trustee 1.00 0.00 X 0 0 0 Donna Neff 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 Fran Scoble Trustee 2.00 0.00 X 0 0 0 Kalpana Singh Rhodes Trustee 1.00 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 3834150 173190 720760 77 1 1 0 KAR Construction Inc 1306 W Brooks St Ontario CA 917623611 Construction 6966258 Siemens Industry Inc 6141 Katella Ave Suite 100 Cypress CA 90630 Professional Engineers 2835967 Hamilton Healthcare Constuction 202 Mercury Cir Pomona CA 91768 Construction 2168995 Sodexo Inc & Affiliates 146 E Foothills Blvd Claremont CA 91711 Management Services 1257742 Cambridge Associates LLC 125 High St Boston MA 021102112 Investment Management Services 758586 19 278337 9471102 2755581 9749439 Tuition, Room & Board 611600 51358592 51358592 Fed Grants & Contracts 611600 916616 916616 Summer Programs 611600 25541 25541 Co-Curricular Op. 611600 3172 3172 472893 472893 52776814 1746286 34643 1711643 2505 2505 375191 686029 -310838 -310838 -310838 306859943 280506953 26352990 26352990 26352990 -104 0 -104 -104 90317092 52776814 34643 27756196 16676098 16676098 7850 7850 2880274 1266202 985654 628418 144380 144380 21938796 18540374 1591566 1806856 299691 299691 5597180 4463164 839247 294769 1945219 1684992 149071 111156 39059 39059 232072 67615 164181 276 146975 146975 1443916 1443916 2425641 1411359 509014 505268 160392 119964 26993 13435 586529 468344 72567 45618 939503 379007 219511 340985 742123 340203 351768 50152 114368 111606 2056 706 58989 45957 11162 1870 2645703 2459762 138902 47039 234690 92037 139321 3332 7785637 7390624 335787 59226 388112 9846 378214 52 Related orgs and affili 9043966 7568812 1374618 100536 Building Repair 460883 432334 18756 9793 Non-Capitalized Equipme 182345 175059 5171 2115 Books 111421 110751 464 206 591567 423608 162034 5925 77823379 64728698 9066948 4027733 940471 3357040 24709075 49248722 18962471 6594256 3933608 2080852 74312 71840 32751 32751 396403 372256 263066902 99281741 161197529 163785161 201210614 250545687 181983704 292814350 3079373 2758095 20937196 20943881 617457507 792604891 8031292 6934690 3594754 2748506 84533813 97644653 96049 104922 4805628 5075194 101061536 112507965 X 132353439 152925724 384042532 527171202 516395971 680096926 617457507 792604891 X 12493713 152560163 -1352921 X 0 1 X 1 1 1 X 11801172 15304364 13327176 7738928 9748939 57920579 11801172 15304364 13327176 7738928 9748939 57920579 4408189 53512390 2550202 2289881 4120672 3627717 2089339 14677811 39114 39114 72637504 347533716 0.73670 0.74560 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11 20943881 X X X X 0 0 1 X 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 306329587 7873176 45969974 3770792 12394008 839500 343168437 0.09965 0.32520 0.57515 1 0 18366520 18366520 826457 224921518 84224385 141523590 18952407 15057356 3895051 163785161 Growth oriented hedge funds 27740771 F Diversifying hedge funds 41109695 F Private equity 223306562 F Other assets 657322 C 292814350 Life income and annuities payable 3757556 Government advances for student loans 154198 Asset retirement obligation 1163440 5075194 X 224942821 152560163 -666892 151893271 73049550 1443913 15823629 17267542 90317092 61241866 686029 686029 60555837 1443913 15823629 17267542 77823379 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 6.6% and 4.7% to the twenty-quarter average market value of pooled investments for the years ended June 30, 2021 and 2020, 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, 2021 and 2020. The College has no unrecognized tax benefits as of June 30, 2021 and 2020. Part XI, Line 2d - Other Adjustments: Unrelated Business Loss from Alternative Investments -34,643. Actuarial Adjustment of Annuity and Life Income Liabilities -107,899. Rental Expense 686,029. Loss on Bond Defeasance -1,189,879. Loss on contribution receivable -20,500. Part XI, Line 4b - Other Adjustments: Student Financial Aid 15,823,629. Part XII, Line 2d - Other Adjustments: Rental Expense 686,029. Part XII, Line 4b - Other Adjustments: Student Financial Aid 15,823,629. 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. 1 Central America and the Caribbean 0 0 Investments 177317405 Europe 0 0 Investments 3966632 East Asia and the Pacific 0 0 Investments 2734420 East Asia and the Pacific 0 0 Grants to individuals 1950 Europe 0 0 Grants to individuals 2250 North America 0 0 Grants to individuals 900 South Asia 0 0 Grants to individuals 2750 0 0 0 0 0 0 184026307 0 184026307 International Student Grant East Asia and the Pacific 12 1950 Check/ACH International Student Grant Europe (including Iceland and Greenland) 3 2250 Check/ACH International Student Grant North America (Canada and Mexico) 5 900 Check/ACH International Student Grant South Asia 12 2750 Check/ACH 1 0 1 1 1 0 Part I, Line 2: International Student Grants were direct grants to international students to help offset COVID related costs with physical checks or ACH transactions being processed. Outstanding checks are monitored to ensure that checks are received and cashed. Part I, line 3: Accrual Method Part III, Col (c): The number of recipients are determined by student records. Part III Accounting Method: 1 Student Financial Aid 546 15823629 SEOG 46 171924 Other Awards 271 410895 HEERF 848 269650 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 Larissa Tiedens President thru 4/21 558580 0 0 0 195284 0 34200 0 117122 0 905186 0 190069 0 Dean Calvo VP/Business Affairs/Treasurer 301634 0 0 0 0 0 25813 0 45261 0 372708 0 0 0 Binti Harvey VP Ext. Relations 281260 0 0 0 0 0 23381 0 22630 0 327271 0 0 0 Charlotte Johnson VP/Dean of Students 249342 0 0 0 0 0 20349 0 52578 0 322269 0 0 0 Amy Marcus-Newhall Interim President as of 04/21 279008 0 0 0 0 0 22728 0 3496 0 305232 0 0 0 Ulysses Sofia Faculty 266688 0 0 0 0 0 21424 0 9385 0 297497 0 0 0 Denise Nelson Nash VP/Secretary of the Board 235025 0 0 0 0 0 19297 0 15243 0 269565 0 0 0 John Milton Faculty 206340 0 0 0 0 0 17496 0 33573 0 257409 0 0 0 Victoria Romero VP for Admissions 213926 0 0 0 0 0 17550 0 10139 0 241615 0 0 0 Diane Holmes AVP Business Affairs/Assistant Treas 198614 0 180 0 0 0 16402 0 22481 0 237677 0 0 0 Myriam Chancy Faculty 207262 0 0 0 0 0 16641 0 8197 0 232100 0 0 0 Enrique Gonzalez-Salgado AVP - Philanthropy 177896 0 0 0 0 0 14760 0 22623 0 215279 0 0 0 Mia Alonzo Controller 0 173190 0 0 0 0 0 12000 0 23161 0 208351 0 0 Jennifer Berklas AVP Human Capital & Risk Mgmt 177502 0 507 0 0 0 14336 0 9735 0 202080 0 0 0 Gretchen Edwards-Gilbert VP for Academic Affairs (Acting) 152602 0 0 0 0 0 11611 0 8336 0 172549 0 0 0 Julia Liss Former Dean of Faculty/Faculty 132500 0 0 0 0 0 11658 0 17154 0 161312 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 President Larissa Tiedens participated in a supplemental non-qualified retirement plan. A distribution of $190,609 was made during 2020. 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 1114123 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 8 8 FMV X 1 FMV X 40 2755572 FMV 3 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 1 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 Loss from Alternative Investments -34,643. Actuarial Adjustment of Annuity and Life Income Liabilities -107,899. Loss on Contribution Receivable -20,500. Loss on Bond Defeasance -1,189,879. 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 0 1 0.50000 Charitable Remainder Unitrusts (5) Holding Co CA Scripps College 1 Pooled Income Funds (1) Holding Co CA Scripps College 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 1 0 0 0