2021-05-11T15:19:24-05:00 2020-06-30 910189318 Moss Adams LLP 3121 West March Lane Suite 200 Stockton CA 95219 990 2019-07-01 951664101 Claremont McKenna College CLAR 9096218043 500 E Ninth Street No NA Claremont CA 91711 Mia Alonzo Controller 9096218043 2021-05-06 1 Tracy S Paglia P00366884 2099556100 2021-05-06 2019 2022-09-23 18:48:47Z NA Hiram Chodosh 500 E Ninth Street No N/A Claremont CA 91711 1771995356 0 X www.claremontmckenna.edu X 1946 CA CMC is an independent, residential, liberal arts college whose mission is to educate its students for responsible leadership in business, government, and the professions. 45 44 1987 436 -6899 -6899 70822544 183040433 97960749 99101294 21164526 37624539 1684257 1794689 191632076 321560955 25442330 28513338 0 0 64852587 65587827 0 0 4161680 69270553 68860129 159565470 162961294 32066606 158599661 1444354936 1751055641 253277091 418096257 1191077845 1332959384 X Claremont McKenna College is a highly selective, independent, coeducational, residential, 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 contributes 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. 0 0 135069457 28513338 98915658 The College's primary exempt purpose is 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. 135069457 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 1 0 1 0 0 0 1 0 0 1 0 1 1 0 0 0 1 1 1 0 0 1 2167 0 1 1987 1 1 1 0 0 0 0 0 0 0 0 0 0 1 X 45 44 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 0.00 X X 609209 0 199105 James Floyd VP and Chief Investment Officer 1.00 41.00 X 491063 0 88511 Peter Uvin VP for Academic Affairs and Dean of the Faculty 40.00 0.00 X 384627 0 85036 Eric Hughson Faculty 40.00 0.00 X 353351 0 74183 Matthew Bibbens VP Admin and Planning, General Counsel and Secreta 40.00 2.00 X 330600 0 84834 Fan Yu Faculty 40.00 0.00 X 345059 0 62699 Lisa Meulbroek Faculty 40.00 0.00 X 335888 0 37379 Janet Smith Faculty 40.00 0.00 X 324707 0 46562 Eric Helland Faculty 40.00 0.00 X 309865 0 57330 Sharon Basso VP Student Affairs and Dean of Students 40.00 0.00 X 277696 0 78768 Carroll Stevens Thru 0619 VP for Advancement 0.00 0.00 X 275845 0 17739 Michelle Chamberlain VP for Advancement & Dean of the Robert Day Schola 40.00 0.00 X 253472 0 39724 Erin Watkins AVP of Finance and Acting Treasurer 40.00 2.00 X 236653 0 42944 Robin Aspinall Thru 0618 Former VP Business Admin and Treasurer 0.00 0.00 X 272907 0 0 Nicholas Warner Thru 615 Faculty, Former Interim Dean of Faculty 40.00 0.00 X 232216 0 25741 Jefferson Huang Thru 0619 VP for Admission and Financial Aid 0.00 0.00 X 181901 0 30283 Mia Alonzo Controller 4.00 20.00 X 0 163551 40148 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 Hinckley Trustee 1.00 0.00 X 0 0 0 John M Isaacson 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 Susan Matteson King Trustee 1.00 0.00 X 0 0 0 James B McElwee Trustee 1.00 1.00 X 0 0 0 Yvette McGee Brown Trustee 1.00 0.00 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 Kenneth M Novack 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 Timothy W Wright III Trustee 1.00 0.00 X 0 0 0 Thomas B Neff Trustee (thru 08/2019) 1.00 0.00 X 0 0 0 5215059 163551 1010986 186 1 1 0 Bon Appetit PO Box 50196 Los Angeles CA 90074 Food Service 3442196 ABM Onsite Services - West Inc 1150 South Olive Street 19th Floor Los Angeles CA 90015 Janitorial Services 1111029 Gardner Company Inc 30714 Wealth Street Murrieta CA 92563 Heating and Air Conditioning Service 1092902 Ronstadt Roofing 7916 Golden Star Avenue Riverside CA 92506 Roofing Service 948411 O'Melveny & Myers LLP 400 South Hope Street 18th Floor Los Angeles CA 90071 Legal Counsel 661928 27 277863 182762570 6279262 183040433 Tuition & fees 611600 91779615 91779615 Asset Management Revenue 900099 3676006 3676006 Fed. grants & contracts 611600 2318558 2318558 Children sch. tuition 611710 565959 565959 Private contracts 900099 506670 506670 254486 68850 185636 99101294 9035520 -6899 9042419 959223 748156 211067 211067 211067 1473709714 4565550 1446836376 2849869 26873338 1715681 28589019 28589019 Miscellaneous income 900099 970314 970314 Gain on bond defeasance 900099 534936 534936 Vending, store & laundry 453000 78372 78372 1583622 321560955 98915658 -6899 39611763 28513338 28513338 3189779 937478 1743995 508306 813900 559986 175113 78801 48175128 41362120 4773829 2039179 4457829 3949079 363112 145638 5681224 4658330 756254 266640 3269967 2768974 363524 137469 52798 52798 757092 26051 731041 453259 453259 3898126 3898126 5130205 3595206 1407381 127618 1070726 554219 361253 155254 2776701 1909678 766504 100519 2110115 1550286 435390 124439 4034845 3376234 658611 5100300 4387189 454358 258753 1339074 734373 568350 36351 9537655 9079457 384331 73867 14485285 10202553 4276218 6514 9992847 9469872 435412 87563 566363 480414 85688 261 Building repair 3239751 3001003 233313 5435 Food & housing 3148425 3128304 20121 1166562 772515 384974 9073 162961294 135069457 23730157 4161680 1138419 889008 18986586 18821380 143883444 281523564 6147971 7014912 130000 110000 5920131 5190209 411246148 129444843 284699539 281801305 66613913 160940189 909266373 986861982 7023274 6738379 545286 1164713 1444354936 1751055641 15152758 16912697 2312856 3926079 182569182 109792058 990384 225930120 52251911 61535303 253277091 418096257 X 327890853 335801430 863186992 997157954 1191077845 1332959384 1444354936 1751055641 X 158599661 -14097704 -2620418 X 0 1 X 1 1 1 X 33875583 26834997 47672666 70822544 183040433 362246223 33875583 26834997 47672666 70822544 183040433 362246223 192375311 169870912 6028095 5572751 4817583 8516637 10001642 34936708 1210894 2317437 1664044 4624085 1583622 11400082 408583013 465042705 0.41580 0.58240 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 22742 22742 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. 0 9547470 X X 0 912045198 63972781 15766690 10696178 26102426 2717053 952269012 881013887 21766920 46328406 10471075 24181115 2411825 912045198 833276511 9489915 75916104 10087089 22720680 4860874 881013887 758740997 5331862 104383054 9665078 22032182 3482142 833276511 803058963 8600608 -19499097 9349877 21109903 2959697 758740997 0.20440 0.50510 0.29050 0 0 1083000 20179386 21262386 321519413 92247676 229271737 25295600 11466591 13829009 40176015 25730576 14445439 2992734 2992734 281801305 Assets whose use is limited 6286662 F Real Estate, Energy, & Timber 2320154 F Investment in Claremont Investment Fund 978255166 F 986861982 Life income and Annuities payable 57267961 Funds held in trust 2697388 Government advance for student loans 649360 Asset Retirement Obligation 920594 61535303 274161998 -14097704 -1879163 -15976867 290138865 3898126 27523964 31422090 321560955 132280461 748156 748156 131532305 3898126 27530863 31428989 162961294 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 748,156. Actuarial adjustment -1,904,255. Pledge Write Offs -723,064. Part XI, Line 4b - Other Adjustments: Student aid, reclassified to expenses 27,530,863. Income from K-1's -6,899. Part XII, Line 2d - Other Adjustments: Rental expenses reclassified to revenue 748,156. Part XII, Line 4b - Other Adjustments: Student aid, reclassified to expenses 27,530,863. 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 and the college's website. Currently, the college is updating its website to be compliant with 2019 IRS guidelines around the availability of the nondiscrimination policy through the college's home page. Additionally, CMC has an established history of recruiting students from a diverse background, with 42% 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 639 28513338 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 1 1 0 0 0 0 0 1 0 Hiram Chodosh President 589369 0 0 0 19840 0 99091 0 100014 0 808314 0 0 0 James Floyd VP and Chief Investment Officer 440863 0 30000 0 20200 0 49942 0 38569 0 579574 0 0 0 Peter Uvin VP for Academic Affairs and Dean of 353694 0 10000 0 20933 0 40761 0 44275 0 469663 0 0 0 Eric Hughson Faculty 345010 0 134 0 8207 0 39149 0 35034 0 427534 0 0 0 Matthew Bibbens VP Admin and Planning, General Couns 296234 0 20000 0 14366 0 34468 0 50366 0 415434 0 0 0 Fan Yu Faculty 337272 0 0 0 7787 0 38729 0 23970 0 407758 0 0 0 Lisa Meulbroek Faculty 330166 0 0 0 5722 0 36664 0 715 0 373267 0 0 0 Janet Smith Faculty 319096 0 0 0 5611 0 35713 0 10849 0 371269 0 0 0 Eric Helland Faculty 305902 0 0 0 3963 0 34905 0 22425 0 367195 0 0 0 Sharon Basso VP Student Affairs and Dean of Stude 256856 0 20000 0 840 0 28741 0 50027 0 356464 0 0 0 Carroll Stevens Thru 0619 VP for Advancement 193632 0 0 0 82213 0 16053 0 1686 0 293584 0 0 0 Michelle Chamberlain VP for Advancement & Dean of the Rob 223142 0 30000 0 330 0 25202 0 14522 0 293196 0 0 0 Erin Watkins AVP of Finance and Acting Treasurer 196653 0 40000 0 0 0 22439 0 20505 0 279597 0 0 0 Robin Aspinall Thru 0618 Former VP Business Admin and Treasur 0 0 0 0 272907 0 0 0 0 0 272907 0 0 0 Nicholas Warner Thru 615 Faculty, Former Interim Dean of Facu 232216 0 0 0 0 0 25208 0 533 0 257957 0 0 0 Jefferson Huang Thru 0619 VP for Admission and Financial Aid 176196 0 0 0 5705 0 18909 0 11374 0 212184 0 0 0 Mia Alonzo Controller 0 163551 0 0 0 0 0 17713 0 22435 0 203699 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 for the California Club for the sole purpose of conducting college business; no personal social activities are allowed. Because no personal social activities are conducted, the California Club dues are not included in taxable compensation. Part I, Lines 4a-b -The severance payment agreements are confidential, detail is available upon request. -Hiram Chodosh participates in a nonqualified deferred compensation plan under section 457(f). No distributions were made from the plan in 2019. Part I, Line 7 The organization provided one-time performance related bonuses. A California Educational Facilities Authority 521705592 130179DN1 2015-12-03 123653806 See Part VI 0 0 0 A 9280000 123653806 1150406 122503400 1 0 1 1 A 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 Schedule K Supplental Information Part I, column (f) Description of Purpose: Bond (a) - Refund the 2007 and 2009 Bonds. Matthew Bibbens VP for Administration & Planning, General Counsel, Sec. of the Corporation Housing Assistance X 100000 42500 0 1 1 Peter Uvin VP for Academic Affairs and Dean of Faculty, Professor of Government Housing Assistance X 100000 67500 0 1 1 110000 Evan Rutter Family Member of Michelle Chamberlain, VP for Advancement & Dean of the Rob 151560 Employment 0 Priya Junnar Family Member of Hiram Chodosh, President of the College 111404 Employment 0 Minju Kim Family Member of Peter Uvin, VP for Academic Affairs and Dean of the Facult 133691 Employment 0 X 105 5188143 FMV X 2 1083000 Appraisal X 18 8119 cost price of property 1 0 1 0 Part I, Column (b): Items reported on Part I column b represent the number of: Securities: donor transactions Real estate: properties Food inventory: events where food inventory was donated Form 990, Part VI, Section A, line 2 Henry R. Kravis and George R. Roberts are Trustee members and both have a business and family 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 990 using information provided by the College's Treasurer's Office and The Claremont College 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 and the Associate Vice President of Finance and Acting 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 Audit 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 -1,904,253. Income from K-1's 6,899. Writeoff of pledge receivables -723,064. 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 21000000 Claremont Investment Fund R 80000000 Claremont Investment Management Company L 3676693