2020-05-15T20:40:48-05:00 2019-06-30 910189318 Moss Adams LLP 3121 W March Ln Ste 200 Stockton CA 952192367 990 2018-07-01 951664123 Scripps College SCRI 9096218043 1030 Columbia Avenue Claremont CA 91711 Mia Alonzo Controller 9096070689 2020-05-15 1 Tracy S Paglia P00366884 2099556100 2020-05-15 172.9.161.112 2020-05-15 17:42:01 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 2CA4604677747A1B8287DC7DD1B2F222DAF5CAE3 2018 2020-09-23 17:36:50Z Larissa Tiedens 1030 Columbia Avenue Claremont CA 91711 319490714 0 X www.scrippscollege.edu X 1926 CA Scripps College ("Scripps") is an independent, liberal arts, undergraduate college for women. 36 35 1257 500 -2263769 -2274900 15574364 13327584 72911888 74599508 22504638 17550969 -342620 -474439 110648270 105003622 18588041 18169725 0 0 31816899 34795234 0 0 4107704 39915590 40247805 90320530 93212764 20327740 11790858 593196174 612406669 100919925 99423479 492276249 512983190 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 80968106 18169725 74599508 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 1,050 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. 80968106 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 0 0 0 1 X 272 0 1 1257 1 1 1 1 CJ VI SW AS 0 0 0 0 0 0 0 0 0 0 X 36 35 1 0 0 0 0 0 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 40.00 1.00 X X 546174 0 112928 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 Vice Chair 2.00 0.00 X X 0 0 0 Kendra Armer Trustee 2.00 0.00 X 0 0 0 Lucinda Bowen Smith Trustee 2.00 0.00 X 0 0 0 Robert Breech Trustee 2.00 0.00 X 0 0 0 Lynne Brickner Trustee 1.00 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 2.00 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 Sneha Deo Trustee 1.00 0.00 X 0 0 0 Devanie Donez Trustee 2.00 0.00 X 0 0 0 Michele-Anne Ebe-Riley Trustee 1.00 0.00 X 0 0 0 Patricia Fechner Trustee 1.00 0.00 X 0 0 0 Prisma Herrera Trustee 1.00 0.00 X 0 0 0 Mark Herron Trustee 1.00 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 Nancy Katayama Trustee 1.00 0.00 X 0 0 0 David Lahar Trustee 2.00 0.00 X 0 0 0 Jennifer McDonnell Trustee 1.00 0.00 X 0 0 0 Suzanne Muchnic Trustee 2.00 0.00 X 0 0 0 Donna Neff Trustee 1.00 0.00 X 0 0 0 Pamela Ng Trustee 1.00 0.00 X 0 0 0 Gale Picker Trustee 1.00 0.00 X 0 0 0 Hugh Ralston Trustee 1.00 0.00 X 0 0 0 Dwandalyn Reece Trustee 1.00 0.00 X 0 0 0 Kalpana Rhodes Trustee 2.00 0.00 X 0 0 0 H McGuire Riley Trustee 1.00 0.00 X 0 0 0 Fran Scoble Trustee 1.00 0.00 X 0 0 0 Roxanne Wilson Trustee 2.00 0.00 X 0 0 0 Carolyn Wu Trustee 1.00 0.00 X 0 0 0 Salle Yoo Trustee 1.00 0.00 X 0 0 0 Dean Calvo VP/Business Affairs/Treasurer 40.00 0.00 X 293424 0 74361 Amy Marcus-Newhall VP/Dean of Faculty 40.00 0.00 X 268264 0 36727 Denise Nelson Nash VP/Secretary of the Board 40.00 0.00 X 231821 0 43811 Mia Alonzo Controller 4.00 20.00 X 0 150218 40845 Charlotte Johnson VP/Dean of Students 40.00 0.00 X 236694 0 83439 Binti Harvey VP External Relations & Institutional Advancement 40.00 0.00 X 262583 0 34558 Victoria Romero VP for Admissions 40.00 0.00 X 209587 0 34839 Myriam Chancy Faculty 40.00 0.00 X 198636 0 31611 Diane Holmes AVP Business Affairs/Assistant Treasurer 40.00 0.00 X 175932 0 43414 Megan Callaway thru 92818 AVP Institutional Advancement 40.00 0.00 X 179155 0 34978 Dalton Krauss Faculty 40.00 0.00 X 160635 0 32163 Nancy Macko Faculty 40.00 0.00 X 160467 0 28293 Julia Liss Former VP Acad Affairs/Faculty 40.00 0.00 X 145535 0 41656 3068907 150218 673623 61 1 1 0 KAR Construction Inc 1306 W Brooks Street Ontario CA 917623611 Construction 8133382 Sodexo Inc 1000 El Camino Real Atherton CA 94027 Food Service 2230327 Brian R Bloom Architect 350 South Milliken Avenue Suite G Ontario CA 917617844 Architect 959834 Cambridge Associates LLC 13528 Collection Center Drive Chicago IL 60693 Investment Management Investment 736161 Invero Group 8560 Vineyard Avenue Ste 504 Rancho Cucamonga CA 91730 Temporary Employment Agency 534724 18 294770 13032814 2780794 13327584 Tuition, Room & Board 611600 73573209 73573209 Co-Curricular Op. 611600 303257 303257 Fed Grants & Contracts 611600 237049 237049 Summer Programs 611600 82188 82188 403805 403805 74599508 1598036 -2263769 3861805 5034 5034 253833 740034 -486201 -486201 -486201 229671054 213718121 15952933 15952933 15952933 35665 28937 6728 6728 105003622 74599508 -2263769 19340299 18169725 18169725 2487623 1063438 617492 806693 188256 188256 24530202 21446738 1511571 1571893 2382764 2102310 140314 140140 3415550 2824022 341234 250294 1790839 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383452145 177852971 0 492276249 512983190 593196174 612406669 X 11790858 5842295 3073788 X 0 1 X 1 1 1 X 22379016 8341233 11801172 15484364 13327584 71333369 22379016 8341233 11801172 15484364 13327584 71333369 10558221 60775148 1209410 2329540 2550202 2289881 4120572 12499605 83832974 338588378 0.72500 0.71690 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 608819 20863272 X X X X 0 0 1 X 367888532 4489591 24316532 3855052 12158843 1001263 379679497 343168437 10773523 30827561 3644348 12345027 891614 367888532 306329587 7873176 45969974 3770792 12394008 839500 343168437 319689313 5821255 -2604739 3610780 12223584 741878 306329587 318406736 15169982 1744142 3405702 11333892 891953 319689313 0.10130 0.42620 0.47260 1 0 11676023 11676023 676497 190473475 68448235 122701737 16653189 12783585 3869604 6629773 3511363 3118410 141365774 Growth oriented hedge funds 18509249 F Diversifying hedge funds 40664018 F Private equity 118122113 F Other assets 621789 C 177917169 Life income and annuities payable 3595252 Government advances for student loans 317961 Asset retirement obligation 1060092 4973305 X 95588234 5842295 3842762 9685057 85903177 1561112 17539333 19100445 105003622 74881293 768974 768974 74112319 1561112 17539333 19100445 93212764 Part III, Line 4: Scripps' collection of art and rare books enrich the teaching of art and humanities at the College, as well as, the cultural community of the Claremont Colleges and environs. 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 4.8% and 4.9% to the twenty-quarter average market value of pooled investments for the years ended June 30, 2019 and 2018, 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, 2019 and 2018. The college has no unrecognized tax benefits as of June 30, 2018 and 2019. Part XI, Line 2d - Other Adjustments: Unrelated Business Loss from Alternative Investments 2,263,769. Actuarial Adjustment of Annuity and Life Income Liabilities 1,157,308. Rental Expense 740,037. Cost of Goods Sold 28,937. Loss on contribution receivable -347,289. Part XI, Line 4b - Other Adjustments: Student Financial Aid 17,539,333. Part XII, Line 2d - Other Adjustments: Rental Expense 740,037. Cost of Goods Sold 28,937. Part XII, Line 4b - Other Adjustments: Student Financial Aid 17,539,333. 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 racial nondiscrimination policy is stated in brochures, the college catalog, and is accessible on the college web-site. 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 126265472 Europe 0 0 Investments 2094091 East Asia and the Pacific 0 0 Investments 421273 0 0 0 0 0 0 128780836 0 128780836 1 0 1 0 1 0 Part I, line 3: Accrual Method 1 Student Financial Aid 592 17539333 SEOG 46 173924 Other Awards 281 456468 Part I, Line 2: Use of grant funds is monitored through student financial aid and billing process. X X X X X 1 1 X X X X X 1 1 0 0 0 0 0 0 0 Larissa Tiedens President 541383 0 0 0 4791 0 33000 0 79928 0 659102 0 0 0 Dean Calvo VP/Business Affairs/Treasurer 293039 0 0 0 385 0 33000 0 41361 0 367785 0 0 0 Amy Marcus-Newhall VP/Dean of Faculty 268183 0 81 0 0 0 32398 0 4329 0 304991 0 0 0 Denise Nelson Nash VP/Secretary of the Board 231416 0 405 0 0 0 27830 0 15981 0 275632 0 0 0 Mia Alonzo Controller 0 149738 0 0 0 480 0 16399 0 24446 0 191063 0 0 Charlotte Johnson VP/Dean of Students 236309 0 0 0 385 0 28476 0 54963 0 320133 0 0 0 Binti Harvey VP External Relations & Institutiona 262583 0 0 0 0 0 31553 0 3005 0 297141 0 0 0 Victoria Romero VP for Admissions 209202 0 0 0 385 0 25376 0 9463 0 244426 0 0 0 Myriam Chancy Faculty 198636 0 0 0 0 0 23918 0 7693 0 230247 0 0 0 Diane Holmes AVP Business Affairs/Assistant Treas 175502 0 45 0 385 0 21794 0 21620 0 219346 0 0 0 Megan Callaway thru 92818 AVP Institutional Advancement 133718 0 0 0 45437 0 16377 0 18601 0 214133 0 0 0 Dalton Krauss Faculty 160635 0 0 0 0 0 19491 0 12672 0 192798 0 0 0 Nancy Macko Faculty 160467 0 0 0 0 0 19394 0 8899 0 188760 0 0 0 Julia Liss Former VP Acad Affairs/Faculty 145535 0 0 0 0 0 18186 0 23470 0 187191 0 0 0 Part I, Line 1a - All travel for companions of the President is approved by the Board. - The President's written contract includes housing as a condition of employment. It also includes monthly dues for one social club membership for the purpose of conducting college business. No personal social activities are conducted at the social club, therefore, the dues are not included in taxable income. 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. Part I, Lines 4a-b President Larissa Tiedens participated in a supplemental non-qualified retirement plan. No payments were made during the calendar year. Megan Callaway , Assist VP of Institional Advancement received a severance payment of $45,437.39 during 2018. The agreement is subject to a confidentiality clause; details will be provided to the IRS upon request. A California Municipal Finance Authority 201563466 000000000 2017-10-25 90000000 Financing and refinancing 0 0 0 A 1802318 89640000 239833 13957484 75442683 2017 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: Financing and refinancing the acquisition, construction, improvement, rehabilitation, renovation, and equipping of certain educational facilities. Schedule K, Part II, Line 3 The difference is due to bond discount. X 162 608800 FMV X 46 2170718 FMV X 19 19 X Donated business Expense 0 1257 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 1 H. McGuire Riley, a trustee, and Michele-Anne Ebe-Riley are parent trustees who collectively have one vote on matters before the Board of Trustees. Form 990, Part VI, Section A, line 2 H. McGuire Riley, a trustee, and Michele-Anne Ebe-Riley, a trustee, have a family relationship. 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, Assistant Vice President for Business Affairs/Assistant Treasurer, and the Vice President of Business Affairs/Treasurer. After this review and any resulting changes are complete, the revised draft Form 990 is provided to members of the Scripps Audit Committee of the Board of Trustees for questions and comments in mid-April. Once questions and comments from the Audit Committee are fielded and issues resolved, the Audit 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. Signed policies are reviewed by Assistant Vice President for Business Affairs/Assistant Treasurer, and any conflicts noted are followed up and reported to the Audit Committee. Form 990, Part VI, Section B, line 15a The compensation of the President of the College was approved by the Board of Trustees upon the recommendation of the Compensation Committee of the Board of Trustees. The responsibilities of the Compensation Committee include coordinating the annual evaluation of the President; coordinating a 360-degree performance evaluation of the President against specific competencies set by the Board at appropriate intervals; reviewing the goals and objectives set by the Board; recommending salary increases and compensation structure and packages for the President to the Board; reviewing external market trends in compensation of presidents of comparable colleges and their respective officers, key employees and disqualified persons; and advising the President on compensation structures for officers, key employees and disqualified persons and such other matters as shall be determined by the Board. The review of compensation of the officers or key employees was conducted by the President of the College, who solicited the advice and counsel of the Board of Trustees Compensation Committee, which reviews comparability data. Form 990, Part VI, Section C, line 19 - Audited financial statements, principles of community, Code of Conduct and Whistle-blower policy are available on the College's website and upon request from the Treasurer's Office. - Governing documents and conflict of interest policy are made available to the public upon request. Form 990, Part XI, line 9: Unrelated Business Loss from Alternative Investments 2,263,769. Actuarial Adjustment of Annuity and Life Income Liabilities 1,157,308. Loss on Contribution Receivable -347,289. 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 (2) 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 0 1 0 0 0 0 1 0 0 0