2017-05-10T17:16:53-05:00 2016-06-30 910189318 Moss Adams LLP 3121 W March Lane Suite 200 Stockton CA 952192303 990 2015-07-01 951664123 Scripps College SCRI 9096218043 1030 Columbia Avenue Claremont CA 91711 Mia Alonzo Controller 9096070689 2017-05-06 1 Tracy Paglia P00366884 2099556100 2017-05-06 2015 2021-01-29 14:40:06Z Larissa Tiedens 1030 Columbia Avenue Claremont CA 91711 380625700 0 X www.scrippscollege.edu X 1926 CA Scripps College ("Scripps") is an independent, liberal arts, undergraduate college for women. 39 38 1221 500 -1269273 -1271979 22436909 8366233 60038850 62111238 16176756 5461949 15790 75671 98668305 76015091 15542488 16486499 0 0 29494233 30677712 0 0 3365163 32011389 36245967 77048110 83410178 21620195 -7395087 498791290 509117199 64094014 91927408 434697276 417189791 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 71814448 16486499 62111238 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 980 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. 71814448 1 1 0 0 0 0 0 1 0 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 1615 0 1 1221 1 1 1 1 BD CJ VI 0 0 0 0 0 0 0 0 X 39 38 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X Mia Alonzo 9096218043 101 S Mills Avenue Claremont CA 91711 Lori Bettison-Varga President (thru 10/15) 40.00 1.00 X X 385227 0 125068 Amy Marcus-Newhall Interim President 40.00 1.00 X X 285391 0 58034 Barbara Franks Bice Trustee 2.00 X 0 0 0 Joanne Blauer Trustee 1.00 X 0 0 0 Robert Breech Trustee 1.00 X 0 0 0 Lynne Brickner Trustee 2.00 X 0 0 0 Ellen Clark Brown Trustee 2.00 X 0 0 0 Barbara Ann Bruner Trustee 2.00 X 0 0 0 Chalan Colby Trustee 1.00 X 0 0 0 Deborah David Trustee 1.00 X 0 0 0 Libby DeMeo Trustee 2.00 X 0 0 0 Devanie Donez Trustee 1.00 X 0 0 0 Roger Engemann Trustee 2.00 X 0 0 0 Mark Herron Chair of the Board 4.00 2.00 X X 0 0 0 Laura Hockett Trustee 2.00 X 0 0 0 Donald Johnson Trustee 1.00 X 0 0 0 Emily Jovais Trustee 1.00 X 0 0 0 Gabrielle Jungels-Winkler Trustee 1.00 X 0 0 0 Nancy Katayama Trustee 2.00 X 0 0 0 Joanne Glass Keith Trustee 1.00 X 0 0 0 David Lahar Trustee 2.00 X 0 0 0 Kendra Armer Trustee 1.00 X 0 0 0 Suzanne Ely Muchnic Trustee 2.00 X 0 0 0 Kalapana Rhodes Trustee 1.00 X 0 0 0 Liza Malott Pohle Trustee 1.00 X 0 0 0 Hugh Ralston Trustee 2.00 X 0 0 0 Maddy Ruvolo Trustee 1.00 X 0 0 0 Carolyn Revelle Trustee 2.00 X 0 0 0 Robert Sacks Trustee 2.00 X 0 0 0 Fran Norris Scoble Co-Vice Chair 2.00 X X 0 0 0 Jean Bixby Smith Trustee 2.00 X 0 0 0 Elizabeth Weinberg Smith Co-Vice Chairman 2.00 X X 0 0 0 Linda Davis Taylor Trustee 1.00 X 0 0 0 Lynne Thompson Trustee 2.00 X 0 0 0 Roxanne Wilson Trustee 1.00 X 0 0 0 Bonnie Wozencroft Trustee 1.00 X 0 0 0 Cheryl Scheidmantle Trustee 1.00 X 0 0 0 David Scheidmantle Trustee 1.00 X 0 0 0 Tori Sepand Trustee 1.00 X 0 0 0 Linden Wise Trustee 1.00 X 0 0 0 Stephanie Rasines Trustee (thru 1/16) 1.00 X 0 0 0 Donna Ng thru 815 VP/Business Affairs/Treasurer 40.00 X 163678 0 33354 R Dean Calvo VP/Business Affairs/Treasurer 40.00 X 101030 0 36187 Julia Liss Interim VP Acad Affairs/Dean of Faculty 40.00 X 152804 0 72385 Mia Alonzo Controller 4.00 20.00 X 0 139409 38319 Denise Nelson Nash VP, Secretary of the Board 40.00 X 211111 0 33523 Michael Archibald VP for Institutional Advancement 40.00 X 299190 0 74346 Victoria Romero VP for Admissions 40.00 X 188534 0 37108 Charlotte Johnson VP/Dean of Students 40.00 X 217912 0 71312 Binti Harvey VP Mkt & Comm Officer 40.00 X 177228 0 26580 Susan Rankaitis Faculty 40.00 X 151948 0 29431 Megan Callaway AVP / Institutional Advance 40.00 X 151755 0 33061 Eric Haskell Faculty 40.00 X 146958 0 29344 Dalton Krauss Faculty 40.00 X 145459 0 30018 Alan Hartley Faculty 40.00 X 144091 0 17753 2922316 139409 745823 54 0 1 0 SJ Amoroso Construction Co Inc 390 Bridge Parkway Redwood Shores CA 94065 Construction 3946226 KAR Construction Inc 1306 W Brooks St Ontario CA 917623611 Construction 3522508 Drisko Studio Architects Inc 1130 South Flower Street Suite 213 Los Angeles CA 90015 Architect 1382640 Sodexo Inc 1000 El Camino Real Los Angeles CA 94027 Food Service 946770 Cambridge Associates LLC 100 Summer Street Boston MA 02110 Investment Management 618512 17 294770 8071463 2820984 8366233 Tuition, Room & Board 611600 61338477 61338477 Co-Curricular Op. 611600 253318 253318 Summer Programs 611600 129206 129206 Fed Grants & Contracts 611600 97279 97279 292958 292958 62111238 817217 -1269273 2086490 1554 1554 241496 199015 42481 42481 42481 309043802 100 304399170 0 4644632 100 4644732 4644732 44060 12424 31636 31636 76015091 62111238 -1269273 6806893 16486499 16486499 2680468 1124676 1005231 550561 21155361 18476711 1012314 1666336 2279100 1853968 257099 168033 2969617 2630168 183512 155937 1593166 1352754 106072 134340 60752 60752 462631 146867 297657 18107 143404 143404 1385868 1385868 2885464 2519549 335696 30219 502732 388876 66065 47791 3693972 3171459 323633 198880 2088647 1734213 189374 165060 2517931 2241055 219542 57334 1616909 1478602 97275 41032 671781 590038 24117 57626 2089198 1841784 247414 11310754 9526780 1773106 10868 4618688 4448616 149775 20297 293042 23410 269632 Building Repair 1181970 1041048 114571 26351 Food & Housing 442441 442441 Books and Periodicals 95569 93138 2270 161 184214 141044 26940 16230 83410178 71814448 8230567 3365163 356922 1443708 30659543 33995581 31427015 24485717 794510 1813856 142103 137392 79386 82257 2376549 1295109 186642919 64628060 102551106 122014859 169079340 173628762 137299698 126508747 4452631 4093841 19572487 19617370 498791290 509117199 6975381 11341466 1711916 1573472 48550900 72060703 6855817 6951767 64094014 91927408 X 109769368 107911749 169958378 149346010 154969530 159932032 434697276 417189791 498791290 509117199 X -7395087 -9190796 -921602 X 0 1 X 1 1 1 X 9231215 19822041 12486277 22436909 8366233 72342675 9231215 19822041 12486277 22436909 8366233 72342675 17419280 54923395 4839918 4913279 3033161 1209410 2329540 16325308 88667983 286893406 0.61940 0.61780 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 162945 19617370 0 0 X X X X 0 319689313 5821255 -2604739 3610780 12223584 741878 306329587 318406736 15169982 1744142 3405702 11333892 891953 319689313 287855306 6331133 39739102 3409059 11279856 829890 318406736 258710735 13646971 30724823 3426397 11033181 767645 287855306 269531560 1530313 2521406 3448159 10663297 761088 258710735 0.09930 0.46260 0.43810 1 0 11676023 11676023 620000 157912456 51344599 107187857 11764204 10276241 1487963 4670236 3007220 1663016 122014859 Growth oriented hedge funds 14135874 F Diversifying hedge funds 34033337 F Bond reserve fund 363187 F Private equity 77476160 F Other assets 500189 C 126508747 Life income and annuities payable 5199826 Government advances for student loans 737270 Funds held in trust for others 92586 Asset retirement obligation 922085 6951767 X 48855167 -9190796 1597788 -7593008 56448175 1385868 18181048 19566916 76015091 66362652 211439 211439 66151213 1385868 15873097 17258965 83410178 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 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 5.33% and 5.36% to the twenty-quarter average market value of pooled investments for the years ended June 30, 2016 and 2015, respectively. Part X, Line 2: The College has no unrecognized tax benefits as of June 30, 2016 and 2015. Part XI, Line 2d - Other Adjustments: Unrelated Business Loss from Alternative Investments 1,269,273. Rental Expense 199,015. Other Comprehensive Pension Loss 117,076. Cost of Goods Sold 12,424. Part XI, Line 4b - Other Adjustments: Student Financial Aid 15,873,097. Actuarial Adjustment of Annuity and Life Income Liabilities 2,283,951. Writeoff of Pledge Receivable 24,000. Part XII, Line 2d - Other Adjustments: Rental Expense 199,015. Cost of Goods Sold 12,424. Part XII, Line 4b - Other Adjustments: Student Financial Aid 15,873,097. 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 88467087 Europe (Including Iceland & Greenland) 0 0 Investments 409106 0 0 0 0 0 0 88876193 0 88876193 1 0 1 0 1 0 1 Student Financial Aid 566 15873097 SEOG 48 212924 Other Awards 191 400478 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 0 1 0 0 0 0 0 1 0 Lori Bettison-Varga President (thru 10/15) 309263 0 25000 0 50964 0 31800 0 93268 0 510295 0 0 0 Amy Marcus-Newhall Interim President 285391 0 0 0 0 0 31800 0 26234 0 343425 0 0 0 Donna Ng thru 815 VP/Business Affairs/Treasurer 147034 0 0 0 16644 0 19927 0 13427 0 197032 0 0 0 Julia Liss Interim VP Acad Affairs/Dean of Facu 152804 0 0 0 0 0 16541 0 55844 0 225189 0 0 0 Mia Alonzo Controller 0 133929 0 5000 0 480 0 14809 0 23510 0 177728 0 0 Denise Nelson Nash VP, Secretary of the Board 210574 0 0 0 537 0 25468 0 8055 0 244634 0 0 0 Michael Archibald VP for Institutional Advancement 253560 0 0 0 45630 0 31163 0 43183 0 373536 0 0 0 Victoria Romero VP for Admissions 188534 0 0 0 0 0 23169 0 13939 0 225642 0 0 0 Charlotte Johnson VP/Dean of Students 217912 0 0 0 0 0 26187 0 45125 0 289224 0 0 0 Binti Harvey VP Mkt & Comm Officer 177228 0 0 0 0 0 21315 0 5265 0 203808 0 0 0 Susan Rankaitis Faculty 151948 0 0 0 0 0 18579 0 10852 0 181379 0 0 0 Megan Callaway AVP / Institutional Advance 151611 0 0 0 144 0 18576 0 14485 0 184816 0 0 0 Eric Haskell Faculty 146958 0 0 0 0 0 17899 0 11445 0 176302 0 0 0 Dalton Krauss Faculty 145459 0 0 0 0 0 17838 0 12180 0 175477 0 0 0 Alan Hartley Faculty 143886 0 0 0 205 0 17268 0 485 0 161844 0 0 0 Part I, Line 1a - All travel for companions of the President is approved by the Board. - Some officers and key employees received tuition reimbursements which are grossed up and reported as a taxable benefit. - 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. - The Dean of Students receives a housing benefit which is not taxable as it meets the convenience of the employer exception. Part I, Line 4b President Bettison-Varga participated in a supplemental non-qualified retirement plan. No payments were received during the calendar year. Part I, Line 7 The compensation committee recommends bonuses based on annual performance and recommendations are approved by the board. A California Educational Facilities Authority 521705592 130178LP9 2007-10-31 30547404 Financing and refinancing 0 0 0 B California Municipal Finance Authority 201563466 000000000 2013-06-20 45845107 Financing and Refinancing 0 0 0 A 3620000 29739008 525943 326000 13255285 16695461 2008 0 1 1 1 B 45845107 295131 37686928 7863048 0 1 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 1 0 0 0 0 0 1 A 1 B 1 Date Rebate Computation Performed Issuer Name: California Educational Facilities Authority Date the Rebate Computation was Performed: 06/30/2013 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 interest income and loss on investments. X 21 162945 Appraisal X 31375 FMV X 51 2500603 FMV X Building Materials 3 124403 Cost X Wine/Food for Events 4 1658 Cost 4 0 1 0 Form 990, Part VI, Section A, line 2 David Scheidmantle, a trustee, and Cheryl Scheidmantle, a trustee, have a family relationship. Form 990, Part VI, Section B, line 11 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 15 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: Other Comprehensive Pension Loss 117,076. Unrelated Business Loss from Alternative Investments 1,269,273. Actuarial Adjustment of Annuity and Life Income Liabilities -2,283,951. Writeoff of Pledge Receivable -24,000. Claremont University Consortium 101 S Mills Ave Claremont CA 91711 954786748 Provide academic and business services CA 501(c)(3) Line 11a, I N/A 0 Charitable Remainder Unitrusts (4) 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