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CLAREMONT INVESTMENT MANAGEMENT COMPANY: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
CLAREMONT INVESTMENT MANAGEMENT COMPANY (EIN 82-3028605)
Tax period
2020-07-01 to 2021-06-30
Filed
2022-05-16
IRS object ID
202231369349314533
Schema version
2020v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-05-16T17:04:26-05:00ReturnTs
Tax Period End2021-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN910189318PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MOSS ADAMS LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13121 W MARCH LN STE 200AddressLine1Txt
CitySTOCKTONCityNm
State AbbreviationCAStateAbbreviationCd
ZIP952192367ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN823028605EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CLAREMONT INVESTMENT MANAGEMENT COMPANYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCLARBusinessNameControlTxt
Phone9096218230PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1500 EAST 9TH STREETAddressLine1Txt
CityCLAREMONTCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91711ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonERIN WATKINSPersonNm
Person TitleTREASURERPersonTitleTxt
Phone9096218230PhoneNum
Signature2022-05-16SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstERINPersonFirstNm
Person LastWATKINSPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTRACY S PAGLIAPreparerPersonNm
PTINP00366884PTIN
Phone2099556100PhoneNum
Preparation2022-05-16PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerERIN WATKINSPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1500 EAST 9TH STREETAddressLine1Txt
CityCLAREMONTCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91711ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$4,500,473GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2017FormationYr
Legal Domicile StateCALegalDomicileStateCd
Activity Or MissionTO MANAGE, SUPERVISE, OVERSEE AND INVEST ENDOWMENT AND OTHER FUNDS OF THE SUPPORTED ORGANIZATIONS.ActivityOrMissionDesc
Voting Members Governing Body11VotingMembersGoverningBodyCnt
Voting Members Independent11VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers11TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$3,676,693PYProgramServiceRevenueAmt
CY Program Service Revenue$4,500,473CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$3,676,693PYTotalRevenueAmt
CY Total Revenue$4,500,473CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$3,676,693PYOtherExpensesAmt
CY Other Expenses$4,500,473CYOtherExpensesAmt
PY Total Expenses$3,676,693PYTotalExpensesAmt
CY Total Expenses$4,500,473CYTotalExpensesAmt
PY Revenues Less Expenses$0PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$0CYRevenuesLessExpensesAmt
Total Assets BOY$1,000TotalAssetsBOYAmt
Total Assets EOY$1,000TotalAssetsEOYAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,000NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,000NetAssetsOrFundBalancesEOYAmt
MissionTO MANAGE, SUPERVISE, OVERSEE AND INVEST ENDOWMENT AND OTHER FUNDS OF THE SUPPORTED ORGANIZATIONS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$4,500,473ExpenseAmt
Revenue$4,500,473RevenueAmt
DescMANAGEMENT OF INVESTMENT ENDOWMENT AND OTHER FUNDS OF SUPPORTED ORGANIZATIONS.Desc
Total Program Service Expenses$4,500,473TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members11GoverningBodyVotingMembersCnt
Independent Voting Member11IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ERIN WATKINSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9096218230PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1500 EAST 9TH STREETAddressLine1Txt
CityCLAREMONTCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91711ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
MICHAEL LARSON
CO-CHAIRMAN1.001.00Yes (X)Yes (X)$0$0$0
ABBOTT BROWN
CO-CHAIRMAN1.001.00Yes (X)Yes (X)$0$0$0
ROBERT A DAY
DIRECTOR1.001.00Yes (X)$0$0$0
JAMES B MCELWEE
DIRECTOR1.001.00Yes (X)$0$0$0
HARRY T MCMAHON
DIRECTOR1.002.00Yes (X)$0$0$0
SHAMIT GROVER
DIRECTOR1.002.00Yes (X)$0$0$0
G JEFFREY RECORDS JR
DIRECTOR1.001.00Yes (X)$0$0$0
CHRISTOPHER V WALKER
DIRECTOR1.001.00Yes (X)$0$0$0
PETER K BARKER
DIRECTOR1.001.00Yes (X)$0$0$0
MATTHEW FERRI
DIRECTOR1.002.00Yes (X)$0$0$0
TINA DANIELS
DIRECTOR1.001.00Yes (X)$0$0$0
JAMES FLOYD
PRESIDENT AND CHIEF EXECUTIVE40.002.00Yes (X)$0$467,380$80,023
MATTHEW BIBBENS
SECRETARY AND GENERAL COUNSEL1.0041.00Yes (X)$0$310,500$51,071
ANDREW DORANTES
VICE PRESIDENT1.0051.00Yes (X)$0$350,499$92,839
ERIN WATKINS
TREASURER1.0041.00Yes (X)$0$208,484$39,945
MICHAEL DENNY
VICE PRESIDENT40.002.00Yes (X)$0$242,690$44,872
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$1,579,553TotReportableCompRltdOrgAmt
Total Other Compensation$308,750TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CLAREMONT MCKENNA COLLEGEBusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line1500 E NINTH STREETAddressLine1Txt
CityCLAREMONTCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91711ZIPCd
FieldValueIRS element (for citing)
ServicesEXPENSE REIMBURSEMENTServicesDesc
Compensation$4,500,473CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescMANAGEMENT FEE INCOMEDesc
Business541610BusinessCd
Total Revenue Column$4,500,473TotalRevenueColumnAmt
Related Or Exempt Func Income$4,500,473RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$4,500,473TotalProgramServiceRevenueAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,500,473TotalRevenueColumnAmt
Related Or Exempt Func Income$4,500,473RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$4,500,473TotalAmt
Program Services$4,500,473ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$4,500,473TotalAmt
Program Services$4,500,473ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,000BOYAmt
EOY$1,000EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,000BOYAmt
EOY$1,000EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,000BOYAmt
EOY$1,000EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,000BOYAmt
EOY$1,000EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,000BOYAmt
EOY$1,000EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$0ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Supporting Organization509a3Yes (X)SupportingOrganization509a3Ind
Supporting Org Type1Yes (X)SupportingOrgType1Ind
Supported Organizations2SupportedOrganizationsCnt

Supported Org Information SupportedOrgInformationGrp (2 entries)

EINEINOrganization TypeOrganizationTypeCdGoverning Document ListedGoverningDocumentListedIndSupportSupportAmtOther SupportOtherSupportAmt
CLAREMONT MCKENNA COLLEGE
9516641012Yes (1)$0$0
HARVEY MUDD COLLEGE
95191121920$0$0
FieldValueIRS element (for citing)
Supported Organizations Total2SupportedOrganizationsTotalCnt
Support Sum$0SupportSumAmt
Other Support Sum$0OtherSupportSumAmt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

FieldValueIRS element (for citing)
Listed By Name Governing Doc0ListedByNameGoverningDocInd
Suprt Org No IRS Determination0SuprtOrgNoIRSDeterminationInd
Supported Org Section C4560SupportedOrgSectionC456Ind
Supported Org Not Organized US0SupportedOrgNotOrganizedUSInd
Organization Change Suprt Org0OrganizationChangeSuprtOrgInd
Support Non Supported Org0SupportNonSupportedOrgInd
Payment Substantial Contribtr0PaymentSubstantialContribtrInd
Loan Disqualified Person0LoanDisqualifiedPersonInd
Controlled Disqualified Prsn0ControlledDisqualifiedPrsnInd
Disqualified Prsn Controll Int0DisqualifiedPrsnControllIntInd
Disqualified Prsn Ownr Int0DisqualifiedPrsnOwnrIntInd
Excess Business Holdings Rules0ExcessBusinessHoldingsRulesInd
Contribution Controller0ContributionControllerInd
Contribution Family0ContributionFamilyInd
Contribution35 Controlled0Contribution35ControlledInd

Form990 Sch A Type1 Suprt Org Form990SchAType1SuprtOrgGrp

FieldValueIRS element (for citing)
Power Appoint Majority Dir TrstYes (1)PowerAppointMajorityDirTrstInd
Operate Benefit Non Suprt OrgYes (1)OperateBenefitNonSuprtOrgInd

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART IV, SECTION A, LINE 1:PER THE ARTICLES OF INCORPORATION, CLAREMONT INVESTMENT MANAGEMENT COMPANY IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF CLAREMONT MCKENNA COLLEGE AND THOSE MEMBERS OF THE CLAREMONT COLLEGES THAT ARE DESCRIBED IN SECTION 509(A)(1) OR 509(A)(2) OF THE CODE AND THAT MAY BE APPROVED BY THE BOARD OF DIRECTORS AND CLAREMONT MCKENNA COLLEGE FROM TIME TO TIME.
PART IV, SECTION B, LINE 2:PER SECTION 4 OF THE BYLAWS, CLAREMONT MCKENNA COLLEGE SHALL BE ENTITLED TO APPOINT ALL THE DIRECTORS OF THE CORPORATION. CLAREMONT MCKENNA COLLEGE, IN ITS SOLE DISCRETION, MAY CONSIDER NOMINATIONS FOR CANDIDATES TO SERVE ON THE BOARD OF DIRECTORS PROVIDED BY ONE OR MORE OTHER SUPPORTED ORGANIZATIONS OF THE CORPORATION. THEREFORE, HARVEY MUDD COLLEGE HAS THE POWER TO NOMINATE CANDIDATES TO SERVE ON THE BOARD OF DIRECTORS, BUT THE APPOINTMENT MUST BE APPROVED BY CLAREMONT MCKENNA COLLEGE.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
JAMES FLOYD
PRESIDENT AND CHIEF EXECUTIVE$0$459,249$0$0$0$8,131$0$39,577$0$40,446$0$547,403$0$0
ANDREW DORANTES
VICE PRESIDENT$0$348,442$0$0$0$2,057$0$34,200$0$58,639$0$443,338$0$0
MATTHEW BIBBENS
SECRETARY AND GENERAL COUNSEL$0$300,500$0$0$0$10,000$0$27,544$0$23,527$0$361,571$0$0
MICHAEL DENNY
VICE PRESIDENT$0$242,690$0$0$0$0$0$21,871$0$23,001$0$287,562$0$0
ERIN WATKINS
TREASURER$0$208,484$0$0$0$0$0$18,719$0$21,226$0$248,429$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 3FormAndLineReferenceDesc
ExplanationA RELATED ORGANIZATION SET THE COMPENSATION OF THE TOP FINANCIAL OFFICIAL USING ONE OR MORE METHODS DESCRIBED ON SCHEDULE J, PART I, LINE 3.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 7ACLAREMONT MCKENNA COLLEGE SHALL BE ENTITLED TO APPOINT ALL THE DIRECTORS OF THE CORPORATION. CLAREMONT MCKENNA COLLEGE, IN ITS SOLE DISCRETION, MAY CONSIDER NOMINATIONS FOR CANDIDATES TO SERVE ON THE BOARD OF DIRECTORS PROVIDED BY ONE OR MORE OTHER SUPPORTED ORGANIZATIONS OF THE CORPORATION. THEREFORE, HARVEY MUDD COLLEGE HAS THE POWER TO NOMINATE CANDIDATES TO SERVE ON THE BOARD OF DIRECTORS, BUT THE APPOINTMENT MUST BE APPROVED BY CLAREMONT MCKENNA COLLEGE.
FORM 990, PART VI, SECTION B, LINE 11BCIMC UTILIZES A PROCESS FOR REVIEW OF IRS FORM 990 THAT INVOLVES MULTIPLE LAYERS OF MANAGEMENT, AS WELL AS GOVERNING BOARD MEMBERS. CIMC HAS ENGAGED AN OUTSIDE ACCOUNTING FIRM TO PREPARE THE 990 USING INFORMATION PROVIDED BY MANAGEMENT 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 AND MEMBERS OF MANAGEMENT OF CIMC. ONCE A FINAL DRAFT OF THE 990 IS PREPARED, IT IS PROVIDED TO THE MEMBERS OF CIMC'S AUDIT COMMITTEE FOR QUESTIONS AND COMMENTS. ONCE THE COMMENTS FROM THE AUDIT COMMITTEE ARE ANSWERED AND ANY 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 12COFFICERS, 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 ORGANIZATION 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 15CORPORATE OFFICER AND KEY EMPLOYEE COMPENSATION DETERMINATION IS PERFORMED ON AN ANNUAL BASIS BY A RELATED ORGANIZATION 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.
FORM 990, PART VI, SECTION C, LINE 19GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (6 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtControlled OrganizationControlledOrganizationIndBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
CLAREMONT MCKENNA COLLEGE
500 E 9TH STREETCLAREMONTCA91711951664101EDUCATIONCA501(C)(3)LINE 20
HARVEY MUDD COLLEGE
301 PLATT BLVDCLAREMONTCA91711951911219EDUCATIONCA501(C)(3)LINE 20
CLAREMONT MCKENNA COLLEGE FOUNDATION
500 E 9TH STREETCLAREMONTCA91711330735781SUPPORTING ORGANIZATIONCA501(C)(3)12A, TYPE 10CLAREMONT MCKENNA COLLEGE
CHILDREN'S EDUCATION CENTER OF CLAREMONT
500 E 9TH STREETCLAREMONTCA91711954508952PRESCHOOL AND ELEMENTARY SCHOOLCA501(C)(3)LINE 20CLAREMONT MCKENNA COLLEGE
CLAREMONT INVESTMENT FUND
500 E 9TH STREETCLAREMONTCA91711823049880SUPPORTING ORGANIZATIONCA501(C)(3)12A, TYPE 10CLAREMONT MCKENNA COLLEGE
CLAREMONT MCKENNA COLLEGE ALUMNI ASSOCIATION
400 NORTH CLAREMONT BOULEVARDCLAREMONTCA91711956092792SUPPORTING ORGANIZATIONCA501(C)(3)PF0CLAREMONT MCKENNA COLLEGE
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgYes (1)PerformOfServicesForOthOrgInd
Perform Of Services By Other OrgYes (1)PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (1)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

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