2018-04-25T11:18:57-05:00 2017-06-30 910189318 Moss Adams LLP 3121 W March Ln Ste 200 Stockton CA 952192367 990 2016-07-01 952261113 Pitzer College PITZ 9096218043 1050 N Mills Avenue Claremont CA 917116101 Yuet K Lee VP for Admin./Treasurer 9096218043 2018-04-24 1 Tracy S Paglia P00366884 2099556100 2018-04-04 12.129.7.100 2018-04-24 16:30:21 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 BE861C6778D90A5D3E7861ABDDE45BE6309F51A4 2016 2021-01-29 14:40:06Z Melvin L Oliver 1050 N Mills Avenue Claremont CA 917116101 169689918 0 X www.pitzer.edu X 1963 CA Pitzer College is an educational institution focusing on undergraduate education. 30 29 1037 150 -1920 -4892 3493236 4265804 65332278 67653025 4463701 3212639 439099 877658 73728314 76009126 14272459 16134764 0 0 30003722 30900962 0 0 1459571 28516281 29187832 72792462 76223558 935852 -214432 265529078 279189334 94386675 94932421 171142403 184256913 X Pitzer College produces engaged socially responsible citizens of the world through an academically rigorous, interdisciplinary liberal arts education emphasizing social justice, intercultural understanding and environmental sensitivity. The meaningful participation of students, faculty and staff in college governance and academic program design is a Pitzer core value. Our community thrives within the mutually supportive framework of The Claremont Colleges, which provide an unsurpassed breadth of academic, athletic and social opportunities. 0 0 67462815 16134764 67653025 Pitzer College is an educational institution focusing on undergraduate education. The undergraduate full time equivalent enrollment for the year was 1,022 students. 67462815 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 1 1 1 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 1509 0 1 1037 1 1 1 1 NP IT 0 0 0 1 1 0 0 0 0 X 30 29 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X Mia Alonzo Claremont University Co 9096218043 101 S Mills Ave Claremont CA 91711 Melvin Oliver President 40.00 1.00 X X 226407 0 52835 Jack Cohen Trustee (thru 12/16) 1.00 X 0 0 0 Bridget Baker Trustee 1.60 X 0 0 0 Thomas Brock Trustee 2.00 X 0 0 0 Harold A Brown Vice Chair of Board/Secretary 4.00 X X 0 0 0 Steven Chang Trustee 2.00 X 0 0 0 Brian Christiansen Trustee 1.00 X 0 0 0 Stuart Finkelstein Trustee 4.00 X 0 0 0 Ruett Stephen Foster Trustee 1.00 X 0 0 0 Wendy Glenn Trustee 1.00 X 0 0 0 Donald P Gould Trustee 10.00 X 0 0 0 Susan Kessler Trustee 1.00 X 0 0 0 Jill Klein Trustee 1.00 X 0 0 0 David Brady Levin Trustee 1.00 X 0 0 0 Mark London Trustee 3.00 X 0 0 0 Charles Mangum Trustee 1.00 X 0 0 0 Lori O'Hollaren Trustee 1.00 X 0 0 0 Shana Passman Trustee 1.00 X 0 0 0 Kenneth R Pitzer Trustee 1.00 X 0 0 0 Susan S Pritzker Trustee 1.00 X 0 0 0 Robert Redford Trustee 1.00 X 0 0 0 Jon Reingold Trustee 1.00 X 0 0 0 Alissa Okuneff Roston Trustee 1.00 X 0 0 0 William D Sheinberg Trustee 1.00 X 0 0 0 Shahan Soghikian Chair of the Board 1.00 X X 0 0 0 Tracy McDonald Tindle Trustee 1.00 X 0 0 0 Phoebe Wood Trustee 1.00 X 0 0 0 Steven R Scheyer Trustee (thru 12/16) 1.00 X 0 0 0 Eugene Stein Trustee 2.00 X 0 0 0 Charles C K Woo Trustee 0.00 X 0 0 0 Robert Fairbairn Trustee 1.00 X 0 0 0 Douglas Price Trustee 1.00 X 0 0 0 Yuet Lee VP for Admin/Treasurer 40.00 1.00 X 291110 0 32884 Lori M Yoshino AVP for Admin/Assoc Treasurer 40.00 X 145918 0 45312 Mia Alonzo Controller 4.00 21.00 X 0 146450 38278 Nigel Boyle VP/Dean of Faculty 40.00 X 180245 0 41721 Adrian Stevens thru 063017 VP/College Advancement 40.00 X 238784 0 52041 Brian Carlisle VP Office of Student Affairs 40.00 X 214366 0 35512 Thomas Poon 63016 Former Interim President 40.00 X 187780 0 46207 Alan Jones Faculty (Thru 7/1/16) 40.00 X 287190 0 14869 Muriel Poston Faculty 40.00 X 182042 0 29077 Halford Fairchild Faculty 40.00 X 286975 0 14874 Albert Wachtel Faculty 40.00 X 176761 0 34270 2417578 146450 437880 56 0 1 0 Bon Appetit PO Box 50196 Los Angeles CA 900740196 Food Service 2477704 Carrier Johnson 1301 Third Ave San Diego CA 92101 Architect 641325 Meyer Constructive Services 606 N Eckhoff Orange CA 92868 Commercial Painters 376997 ABM Onsite Services - West Inc 1150 South Olive Street 19th Floor Los Angeles CA 90015 Janitorial Services 200743 Best Best Krieger LLP PO Box 1028 Riverside CA 925021028 Legal Services 181911 7 16500 172399 4076905 138985 4265804 Tuition and fees 611600 53416206 53416206 Auxiliary enterprises 611710 12515106 12515106 Federal Grants and Contracts 611710 924335 924335 Summer conferences 611710 744226 744226 Private contracts 900099 53152 53152 67653025 2453679 -29123 2482802 94128934 302764 93672738 0 456196 302764 758960 27203 731757 4500 16500 8054 -3554 -3554 Other sources 900099 881212 881212 881212 76009126 67653025 -1920 4092217 16134764 16134764 2046757 724651 964244 357862 44128 44128 21740998 19406031 1672307 662660 2774404 2365049 302699 106656 2710607 2282007 320909 107691 1584068 1302777 208801 72490 8750 8750 380887 380887 151868 2100 149768 329284 329284 944327 918275 21248 4804 404902 366485 22601 15816 1550535 1361310 154028 35197 833903 802778 23 31102 1642958 1637360 5598 1537398 1345946 133092 58360 783163 607399 169236 6528 3985664 3923107 62557 8681696 6717007 1964689 4146194 3846779 299415 267456 22314 245123 19 Food and Housing 2313475 2313475 Building Repair 742976 679657 63319 Books & Periodicals 32626 32044 582 449770 298088 151296 386 76223558 67462815 7301172 1459571 1484419 1296139 26786631 20686817 1879894 2250383 2844728 2338654 7552 7552 111740 105341 2236129 2593194 144749385 44448254 98042372 100301131 80688580 102124644 45244997 41546382 4082705 3529539 2119331 2409558 265529078 279189334 5142110 4109940 1371038 1679786 78705001 80760874 189841 157127 8978685 8224694 94386675 94932421 X 106109734 114021576 28468839 32824274 36563830 37411063 171142403 184256913 265529078 279189334 X -214432 12414869 914073 X 0 1 X 1 1 1 X 14630814 6123435 5991122 3493236 4265804 34504411 14630814 6123435 5991122 3493236 4265804 34504411 11022434 23481977 2815917 2788622 2781382 2733579 2482802 13602302 23733 2229 17329 41719 0 85010 484886 451296 566704 435672 881212 2819770 51011493 318220253 0.46030 0.46900 X Schedule A, Part II, Line 10, Explanation of Other Income: Other Income - 2012 Amount: $ 484,886. 2013 Amount: $ 451,296. 2014 Amount: $ 566,704. 2015 Amount: $ 435,672. 2016 Amount: $ 881,212. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 127114302 1115435 14487023 819691 4595920 317479 136983670 132833248 1517528 -1599578 791762 4485712 359422 127114302 134877145 3479846 -328900 721579 4167851 305413 132833248 119050563 1596178 19000104 664296 3818288 287116 134877145 110612081 2284824 10827503 646432 3715622 311791 119050563 0.60000 0.25000 0.15000 1 0 11650820 11650820 116698773 36756509 79942264 9628010 7691745 1936265 6771782 6771782 100301131 Funds held in trust by others 713158 F Limited Partnerships 40833224 F 41546382 Government advances for student loans 1492450 Annuities payable 52937 Early retirement liability 5952546 Asset retirement obligation 726761 8224694 X 73161413 12414869 952153 13367022 59794391 329284 15885451 16214735 76009126 60105267 58364 58364 60046903 329284 15847371 16176655 76223558 Part V, Line 4: The College uses the income from the endowment funds per the requirements of the donor. Such income is used for grants, scholarships, professorships, lectures, research, student programs, facilities and general operations of the College. 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, 2017 and 2016. Part XI, Line 2d - Other Adjustments: Realized Losses on Contributions Receivable Actuarial Adjustments 36,985. Staff retirement plan comprehensive gain 915,168. Part XI, Line 4b - Other Adjustments: Student Financial aid 15,847,371. Income from K-1's -1,920. Pledge write off 40,000. Part XII, Line 2d - Other Adjustments: Expenses reported on Pitzer College Costa Rica's return 58,364. Part XII, Line 4b - Other Adjustments: Student Financial aid 15,847,371. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Students applying to the college receive registration materials that state the nondiscrimination policy. The policy is also published on the Pitzer College website. www.pitzer.edu Schedule E, Part I, Line 6 Pitzer College participates in the Pell Grant, Supplemental Educational Opportunity Grant, Cal Grants, College Work-Study, NSF STEM grant scholarships and Perkins Loan programs. 1 Central America and the Caribbean 1 1 Program services Education 345818 Europe (including Iceland and Greenland) 1 1 Program services Education 342617 South America 1 1 Program services Education 236094 South Asia 1 1 Program services Education 372336 Sub-Saharan Africa 1 1 Program services Education 204999 East Asia and the Pacific 0 0 Investments 4217920 Europe (including Iceland and Greenland) 0 0 Investments 7128615 Middle East and North Africa 0 0 Investments 24321 Central America and the Caribbean 0 0 Investments 16347311 5 5 0 0 5 5 12872720 16347311 29220031 1 0 1 1 1 0 Part I, Line 2: Funds are sent via wire to the director in charge of the program. Receipts for all expenses are sent to the Treasurer's office where they are reconciled, translated into US currency and recorded. Actual expenses are recorded each year except for some expenses at the end of the year that are estimated and reconciled in the following year when the receipts are received. Auction 21000 16500 4500 7516 538 21000 16500 4500 7516 538 8054 -3554 1 Institutional Grant Aid 525 15449276 Davis UWC Sholarship 5 50000 Supplemental Educational Opportunity Grant 58 173351 NSF STEM Grant Aid 15 118080 Stipends 112 287543 Part I, Line 2: Pitzer College awards scholarships only to individual undergraduate students. These scholarships are awarded based upon academic achievement and/or demonstrated financial need. The Financial Aid Office, with the assistance of the Registrar's Office, monitor student enrollment each semester to ensure that students remain qualified for financial aid. The College also awards tuition to dependents of its employees who meet the requirements of the College's Tuition Remission Program. Employee dependent's must be enrolled at one of the undergraduate schools of The Claremont Colleges. Tuition is paid directly to the undergraduate college after grades are submitted to the Human Resources Office as evidence of course completion. X X X X 1 1 X X X X X X 0 0 0 0 0 0 0 1 0 Melvin Oliver President 223407 0 0 0 3000 0 27000 0 25835 0 279242 0 0 0 Yuet Lee VP for Admin/Treasurer 289790 0 0 0 1320 0 31800 0 1084 0 323994 0 0 0 Lori M Yoshino AVP for Admin/Assoc Treasurer 145078 0 0 0 840 0 18405 0 26907 0 191230 0 0 0 Mia Alonzo Controller 0 140970 0 5000 0 480 0 15640 0 22638 0 184728 0 0 Nigel Boyle VP/Dean of Faculty 180245 0 0 0 0 0 22500 0 19221 0 221966 0 0 0 Adrian Stevens thru 063017 VP/College Advancement 236922 0 0 0 1862 0 29525 0 22516 0 290825 0 0 0 Brian Carlisle VP Office of Student Affairs 213349 0 0 0 1017 0 26012 0 9500 0 249878 0 0 0 Thomas Poon 63016 Former Interim President 114156 0 50000 0 23624 0 16487 0 29720 0 233987 0 0 0 Alan Jones Faculty (Thru 7/1/16) 66137 0 0 0 221053 0 8158 0 6711 0 302059 0 0 0 Muriel Poston Faculty 182042 0 0 0 0 0 22042 0 7035 0 211119 0 0 0 Halford Fairchild Faculty 66020 0 0 0 220955 0 8158 0 6716 0 301849 0 0 0 Albert Wachtel Faculty 174214 0 0 0 2547 0 20962 0 13308 0 211031 0 0 0 Part I, Line 1a Any of the items checked above are provided only as documented in a particular individual's contract with the College. President is required to live in a Pitzer owned or leased residence as part of his/her contract. All maintenance expenses related to the house are paid by Pitzer. Part I, Line 7 Some individuals received non-fixed payments that were discretionary and not subject to a fixed formula or based on exchange for specific services. The Board of Trustees authorized a $50,000 bonus payment to Thomas Poon at the termination of his interim presidency. He was interim President from 7-1-15 to 6-30-16. A California Educational Facilities Authority Series 2009 521705592 130178UR5 2009-11-18 63724597 Facility construction & improvement, refinance CEFA Series 1999 and 2005B 0 0 0 B California Municipal Finance Authority 2014 Tax-Exempt Loan 201563466 000000000 2014-06-26 24937500 Advance refund CEFA 2005A in April 2015, property purchase, capital projects 0 0 0 A 6580000 63897893 792003 38675810 24709550 2013 0 1 1 1 B 238158 25000000 125241 9140000 15860000 0 1 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 1 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 Part II, Line 3, Column A, B and C Explanation of difference between line 3 and issue price: Interest income and gain/loss. Muriel Poston Faculty Repayment of overpaid wages X 7552 7552 0 0 1 7552 X 22 138985 FMV 0 0 1 0 Form 990, Part VI, Section A, line 4 Added and revised committees Form 990, Part VI, Section B, line 11b The form is reviewed by the Audit Committee. A copy of the 990 is provided electronically to each member of the Board, excluding emeriti Trustees who are non-voting members. Form 990, Part VI, Section B, line 12c Pitzer has a Conflict of Interest Policy that prohibits trustees, officers and employees from using their positions and knowledge in any way that could create a conflict between the interests of the College and their own interests. The policy also requires that trustees, officers or other employees promptly report to the Trustee Audit Committee, any transaction or situation, pertaining to themselves or others, that may be a conflict of interest. Each trustee, officer and senior administrator must annually sign a statement documenting any existing or potential conflict of interest. The results of this annual reporting are reviewed by the Trustee Audit Committee. If any conflicts were identified during this documentation process, the Trustee Audit Committee would report this to the full board for their review and action, if warranted. In addition, it is the practice of trustees to recuse themselves from discussion and voting in circumstances where there may be a potential conflict of interest. Form 990, Part VI, Section B, line 15 The College uses benchmark salary data from comparable higher education institution groups for all employees, including executive management positions. Salaries are also reviewed in relation to performance as evidenced by annual written performance evaluations and years in position. Compensation for Pitzer's top executives is reviewed and approved by the Trustee Compensation Committee whose charge, drawn from the bylaws, is as stated below: 4.22 (a)(i) Compensation Committee. There shall be a subcommittee of the Executive Committee known as the Compensation Committee that shall review and approve the compensation, including benefits, of all of the following: (a) the President, (b) the Treasurer, and (c) every person, regardless of title, with powers, duties or responsibilities comparable to a president, chief executive officer, treasurer or chief financial officer. The review shall be conducted in accordance with California Government Code Section 125856(g). The Compensation Committee shall be composed of independent Trustees and shall not include the President or Treasurer. In addition to the President and Treasurer, the Trustee Compensation Committee reviews and approves compensation for the Vice President of Academic Affairs as this position is designated to act as the chief executive officer in exigency. For the Treasurer and Vice President of Academic Affairs, the Compensation Committee reviews and approves recommended compensation after reviewing performance, and salary and benefits in relation to the average salary and benefits packages of selected peer organizations and years in position. Minutes of the committee and the analyses are kept in confidentiality, limited to the committee, the President, the Secretary of the Board, the Vice President for Administration and Finance/Treasurer, and the Director of Human Resources. The Director of Human Resources retains the minutes and analyses as documentation of this process. President's contract: As outlined in Pitzer College's by-laws, the Board's Executive Committee annually conducts a performance review of the President. Under the by-laws, if any changes to the President's employment contract, including salary and benefits, are considered appropriate and necessary, these changes are constructed carefully by the Compensation Committee, in discussions with the President, reviewed by the Executive Committee and submitted to the full Board of Trustees for discussion and approval. In particular, the Board discusses the President's performance, the external market for comparable presidents at peer liberal arts colleges and the overall needs and means of Pitzer College. After discussion, and given the importance that the Board attaches to its supervision of the President, the Board attempts to achieve a consensus in favor of -- and then formally approves -- all compensation decisions. Form 990, Part VI, Section C, line 19 - Governing documents are not available to the general public - Conflict of interest policy is not available to the public - Audited financial statements are available on the College's website Form 990, Part XI, line 9: Realized Losses on Contributions Receivable Staff retirement plan & faculty planned retirement plan comprehensive gain 915,168. Actuarial adjustment 36,985. Income from K-1's 1,920. Pledge write off -40,000. Claremont University Consortium 101 S Mills Ave Claremont CA 91711 954786748 Support Claremont colleges CA 501(c)(3) 12a, Type I N/A 0 Pitzer College - Costa Rica 101 S Mills Ave Claremont CA 91711 320152376 Conservation easement for forest conservation CA 501(c)(3) 12a, Type I N/A 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 Pitzer College Costa Rica R 95000 Cash Basis