2017-05-11T16:43:45-05:00 2016-06-30 910189318 Moss Adams LLP 3121 W March Ln Ste 200 Stockton CA 952192367 990 2015-07-01 951664100 Claremont Graduate University CLAR 9096218043 150 E Tenth Street Claremont CA 91711 Mia Alonzo VP of Finance & Administration 9096218043 2017-05-10 1 Tracy S Paglia P00366884 2099556100 2017-05-10 2015 2021-01-29 14:40:06Z Robert Schult 150 E Tenth Street Claremont CA 91711 178099894 0 X www.cgu.edu X 1925 CA An independent institution that awards master's and doctoral degrees in 22 disciplines. 23 23 1312 117 28681 17834 10926085 6109471 61586272 61997442 16887795 4369878 525057 1474549 89925209 73951340 13121963 11645156 0 0 43752744 43171108 0 0 1507660 26430288 28877220 83304995 83693484 6620214 -9742144 267395169 254765437 68784335 77749825 198610834 177015612 X The University's mission is to prepare a diverse group of outstanding individuals to assume leadership roles in the worldwide community through research, teaching and practice in selected fields. 0 0 70516857 11645156 61997442 Claremont Graduate University (the "University") is a private, not-for-profit, exclusively graduate and professional RU/H research university (high research activity). Its five schools and three independent departments offer masters degrees in 38 fields and doctoral degrees in 22 fields. Founded in 1925, the University offers programs in the arts and humanities, social science, education, management, public health, and botany, the latter in conjunction with the Rancho Santa Ana Botanic Garden. It serves a student population of approximately 2,500. The University's mission is to prepare a diverse group of outstanding individuals to assume leadership roles in the worldwide community through research, teaching and practice in selected fields. In carrying out its mission, the University is increasingly practice based, transdisciplinary, and student-centered. 70516857 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 1 1 0 0 1 2384 0 1 1312 1 1 1 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 1 0 CA X Mia Alonzo 9096218043 101 South Mills Ave Claremont CA 91711 Mukesh Aghi Trustee/Advancement Chair 1.00 X X 0 0 0 John W Bachmann Trustee 0.50 X 0 0 0 Donald P Baker Trustee/Facilities & Infrastructure Chair 1.00 X X 0 0 0 Alfred Balitzer Trustee 0.50 X 0 0 0 Cameron Breitner Trustee 0.50 X 0 0 0 Hazem Chehabi Trustee 0.50 X 0 0 0 Lorenzo di Bonaventura Trustee 0.50 X 0 0 0 Richard S Falk Jr Trustee 0.50 X 0 0 0 Priscilla Fernandez Trustee 0.50 X 0 0 0 Emile Haddad Trustee 0.50 X 0 0 0 Michael J Johnston Trustee 0.50 X 0 0 0 Alexander Jutkowitz Trustee 0.50 X 0 0 0 Tim Kirley Trustee/Business & Finance Chair 1.00 X X 0 0 0 Mohannad S Malas Trustee/Information Technology Chair 1.00 X X 0 0 0 Thomas J O'Donnell Trustee/Academic Affairs Chair 1.00 X X 0 0 0 Dian D Ogilvie Trustee 0.50 X 0 0 0 Mashi Rahmani Trustee 0.50 X 0 0 0 Virgil P Roberts Trustee 0.50 X 0 0 0 Michael E Rossi Trustee/Board Chair/Executive Chair 1.00 2.00 X X 0 0 0 Beverly P Ryder Trustee/Trusteeship Chair 1.00 X X 0 0 0 Megan Scott-Kakures Trustee/Audit Chair 1.00 X X 0 0 0 Elliot H Stein Jr Trustee/Investments Chair 1.00 X X 0 0 0 Marshall W Taylor Trustee 0.50 X 0 0 0 Richard Byrd thru 112015 Development Chair 0.40 X X 0 0 0 Sung Won Sohn thru 72015 Audit Chair 0.70 X X 0 0 0 Robert Schult President 40.00 1.00 X 137500 0 28685 Jacob Adams Exectuve Vice President/Provost 40.00 1.00 X 265690 0 51378 Leslie Negritto Vice President Finance 40.00 0.60 X 184730 0 39320 Robert D Calvo thru 82015 Vice President Finance 40.00 0.60 X 169106 0 39930 Mia Alonzo Controller 4.00 20.00 X 0 139409 38309 Patricia Easton Vice President Enrollment Mgmt 40.00 X 196058 0 42393 Stewart Donaldson Dean 40.00 X 331558 0 69590 Thomas Horan Dean 40.00 X 258263 0 49089 Bernard Jaworski Faculty/Former Dean 40.00 X 470501 0 42565 Carl Johnson Faculty/Former Dean 40.00 X 262205 0 47713 Jenny Darroch Faculty 40.00 X 301390 0 46261 Vijay Sathe Faculty 40.00 X 348347 0 42448 Robert Klitgaard Faculty/Former President 40.00 X 250905 0 58967 Deborah Freund thru 62015 Former President 0.00 X 501924 0 98894 Lawrence Crosby thru 62015 Former Dean 0.00 X 270229 0 52727 3948406 139409 748269 93 1 1 0 STAMATS Inc 615 5th Street SE PO Box 1888 Cedar Rapids IA 52401 Consulting Services 703735 New Providence Asset Management LP 570 Lexington Avenue- 5th Floor New York NY 10022 Investment Management 448374 Maguire Associates Inc 555 Virginia Road Ste 201 5 Concor Concord MA 017422727 Consulting Services 284051 Ellucian Company LP 62590 COLLECTIONS DRIVE Chicago IL 60693 Management Services 248602 Moss Adams LLP PO BOX 26044 Santa Ana CA 927996044 Accounting/Tax 224799 15 345000 354878 5409593 126493 6109471 Tuition and fees 900099 53184498 53184498 Fed grants & contracts 900099 4896488 4896488 Auxiliary services 900099 2287898 2287898 Conference Revenue 900099 1509196 1509196 Drucker Institute 900099 119362 119362 61997442 2222787 28681 2194106 5458 5458 179474 66275 113199 113199 113199 106229370 104082279 2147091 2147091 2147091 Other sources 900099 901461 901461 Insurance claim for server 900099 393553 393553 Transcript Fees 900099 60878 60878 1355892 73951340 61997442 28681 5815746 11645156 11645156 2219754 1759629 384073 76052 78136 39068 19534 19534 32577540 28801169 3002337 774034 2795002 2406301 315489 73212 3413168 2940179 378776 94213 2087508 1787199 242972 57337 36401 18679 17438 284 440086 58283 381575 228 170727 170727 1307690 1307690 4305986 3536302 688808 80876 723653 556669 124521 42463 1452816 1094533 298595 59688 1963240 801785 1070288 91167 1206 1206 1887014 1681374 184570 21070 1906573 1829971 51975 24627 820004 734838 33958 51208 2332115 2134610 197505 5573915 3225183 2331736 16996 2349295 2172873 176422 262515 262515 loss on bond defeasemen 2518956 2518956 Non Capital Equipment 131877 126788 3593 1496 Food and housing 100 100 693051 646006 23870 23175 83693484 70516857 11668967 1507660 295648 371105 15984707 15510803 7097607 5535658 3670937 4810293 2463539 2391178 100912425 32408913 69473188 68503512 145452947 148269138 21040362 7546460 1219703 1093048 696531 734242 267395169 254765437 6539609 7407268 3014201 4112240 50871047 58783574 2802932 2680852 5556546 4765891 68784335 77749825 X 29716705 24842446 49035192 31271264 119858937 120901902 198610834 177015612 267395169 254765437 X -9742144 -12728108 875030 X 0 1 X 1 1 1 X 6366568 7833370 9748293 10926085 6109471 40983787 6366568 7833370 9748293 10926085 6109471 40983787 4344834 36638953 1264515 1966191 2447111 2421186 2379038 10478041 585896 574593 390784 24230 17834 1593337 986446 1135495 1321108 525057 1355892 5323998 58379163 301341415 0.62760 0.63550 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 697694 X 0 178172618 116013 -6940377 153980 8112376 744435 162337463 180967463 251616 5630095 189204 7692588 794764 178172618 163881990 4306469 20960892 164318 7242776 774794 180967463 154238641 218927 17208875 162516 6880880 741057 163881990 163414684 1162794 -1940944 142283 7466467 789143 154238641 0.15420 0.63500 0.21080 1 0 53613 16145652 16199265 71345394 25831650 45513744 6068706 2931094 3137612 4481266 3646169 835097 2817794 2817794 68503512 Liability for staff retirement 2039729 Annuities payable 1454911 Government advances for student loan 1271251 4765891 X 49310220 -12728103 1034964 -11693139 61003359 1307690 11640291 12947981 73951340 71185459 66275 66275 71119184 1307690 11266610 12574300 83693484 Part III, Line 4: Historically, CGU has been a great supporter of artistic endeavors. This support is manifest in the art collections currently on display throughout the CGU campus. Through acquisition and gifts in kind, CGU has been a champion of creative expression through the visual arts. CGU has three distinct collections in its possession and on display. These include: the Claremont Graduate University Collection of work donated or accessioned; Claremont Graduate University President's Award (annually purchased from graduating MFA students in the CGU Art Department); and CGU MFA student artwork (loaned by students for display to the CGU and CUC community). Original works of art exhibited on campus can inspire students, faculty and staff to a greater appreciation of beauty, the creative process and diversity of critical thought that bridges academic disciplines. The borrowing and display of original works of art must be implemented in a manner that ensures the effective educational and artistic use of the art collections in our keeping. Works must not become mere decoration, lost in the shuffle, forgotten or cast aside. It is of utmost concern that we care for the works of art and use them to some positive educational purpose. CGU policies with respect to the collection support ongoing integration of the art collections in the educational mission of CGU. Part V, Line 4: Claremont Graduate University (CGU) pursues investment objectives that strike a balance between preserving the real inflation adjusted value of the Fund; maximize the total long-term investment returns; and generate sufficient current income and capital gains to meet CGU's endowment spending goals. Endowment spending supports the mission of the University by augmenting financial support for academic curriculum, student programs, and research beyond that available through tuition and fees alone. The University manages investment risk by avoiding concentration of assets in one or several investment managers; excess concentration in asset classes; asset and investment class volatility; and personnel risk within investment managers. Part X, Line 2: The University, the Foundation and the Limited Liability Company are nonprofit corporations exempt form federal income tax under Section 501(c)(3) of the Internal Revenue Code and corresponding California provisions. Part XI, Line 2d - Other Adjustments: Blais Foundation income included in financial statement 64,978. Actuarial adjustment 19,924. Comprehensive pension loss 883,787. Rental expenses reclassified to Form 990, part VIII, line 6b 66,275. Part XI, Line 4b - Other Adjustments: Student financial aid 11,266,610. Income from K-1s 28,681. Distribution from Blais removed in consolidation 345,000. Part XII, Line 2d - Other Adjustments: Rental expenses reclassified to Form 990, part VIII, line 6b 66,275. Part XII, Line 4b - Other Adjustments: Student financial aid 11,266,610. 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 Claremont Graduate University nondiscrimination policy is publicized in catalogues, promotional brochures and on the school's website. Schedule E, Part I, Line 6 Claremont Graduate University participates in the College Work-Study and Perkins Loan programs. 1 Central America and the Caribbean 0 0 Investments 60827547 Europe (Including Iceland & Greenland) 0 0 Investments 2049247 East Asia and the Pacific 0 0 Investments 254817 East Asia and the Pacific 0 0 Program Services Educational programs focuses multi-dimensional aspects of global experiences 144868 Europe (Including Iceland & Greenland) 0 0 Program Services Educational programs focuses multi-dimensional aspects of global experiences 8194 Middle East and North Africa 0 0 Program Services Educational programs focuses an archaeological dig 40928 0 0 0 0 0 0 63325601 0 63325601 1 0 1 0 1 0 1 Student Financial Aid 1216 11645156 Part I, Line 2: The College determines the eligibility for each student's needs, the awards are credited to the student's account and the Office of Financial Aid monitors the student's continued eligibility to receive the assistance. X X X X 0 1 X X 0 1 0 0 0 0 0 0 0 Robert Schult President 137122 0 0 0 378 0 28602 0 83 0 166185 0 0 0 Jacob Adams Exectuve Vice President/Provost 264003 0 0 0 1687 0 29430 0 21948 0 317068 0 0 0 Leslie Negritto Vice President Finance 178290 0 5000 0 1440 0 19583 0 19737 0 224050 0 0 0 Robert D Calvo thru 82015 Vice President Finance 168286 0 0 0 820 0 15171 0 24759 0 209036 0 0 0 Mia Alonzo Controller 0 133929 0 5000 0 480 0 14809 0 23500 0 177718 0 0 Patricia Easton Vice President Enrollment Mgmt 183218 0 6000 0 6840 0 21308 0 21085 0 238451 0 0 0 Stewart Donaldson Dean 329926 0 0 0 1632 0 29430 0 40160 0 401148 0 0 0 Thomas Horan Dean 256883 0 0 0 1380 0 27881 0 21208 0 307352 0 0 0 Bernard Jaworski Faculty/Former Dean 470501 0 0 0 0 0 29430 0 13135 0 513066 0 0 0 Carl Johnson Faculty/Former Dean 262205 0 0 0 0 0 29161 0 18552 0 309918 0 0 0 Jenny Darroch Faculty 301390 0 0 0 0 0 19835 0 26426 0 347651 0 0 0 Vijay Sathe Faculty 348347 0 0 0 0 0 20003 0 22445 0 390795 0 0 0 Robert Klitgaard Faculty/Former President 250905 0 0 0 0 0 28343 0 30624 0 309872 0 0 0 Deborah Freund thru 62015 Former President 305906 0 0 0 196018 0 29430 0 69464 0 600818 0 144898 0 Lawrence Crosby thru 62015 Former Dean 269539 0 0 0 690 0 26868 0 25859 0 322956 0 0 0 Part I, Line 1a The former President (D Freund) received the following benefits: First-Class travel (non-taxable), Housing (non-taxable, non gross-up), Social Club Dues (non-taxable), and cleaning services for the home (partly taxable). Part I, Line 1b While there was no written policy to follow, the Board oversaw all provisions of expenditures and reimbursement requests submitted by the President. After submission of these requests, the Board reviewed the charges and purpose of the items to determine what would be allowable or denied. The Board worked in conjunction with the Office of Finance to ensure proper adherence to GAAP rules and regulation. Part I, Line 4b The former President (Debbie Freund) participated in a 457(f) plan for calendar year 2015. A contribution of $50,000 was made during the calendar year in accordance with the employment contract terms. Vesting and distribution occurs at the earliest of one of the following events: June 30, 2015; the date on which she separates from service involuntarily without cause, the date on which she becomes disabled, or her death. Benefits are forfeited if the President separates from service prior to June 30, 2015 for any reason other than the ones listed above. Contributions are credited to the account June 30 each year in amounts outlined in the plan document. The plan balance of $194,898 vested on June 30, 2015. There were no participants in the 457(f) plan for fiscal year June 30, 2016. A California Educational Facilities Authority 521705592 130179FA7 2016-02-26 12468750 Refinance 2007 & 2008 bonds, Acquire & construct projects 0 0 0 B California Educational Facilities Authority 521705592 130179FA7 2016-02-26 40435000 Refinance 2007 & 2008 bonds, Acquire & construct projects 0 0 0 C California Educational Facilities Authority 521705592 130179FA7 2016-02-26 6960000 Refinance 2007 & 2008 bonds, Acquire & construct projects 0 0 0 A 12468750 9052117 215400 3200000 1233 0 1 1 1 B 40435000 1212603 38502743 719600 54 0 1 1 1 C 6960000 6845000 115000 0 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 1 Deutsche Bank 7.000000000000 0 0 0 0 1 C 0 0 0 1 0 1 Deutsche Bank 7.000000000000 0 0 0 0 1 A 1 B 1 C 1 73850 Scholarship Higher Education X 14 54490 FMV X 1 1 FMV X Other 2 72000 FMV X Books 2 2 FMV 2 0 1 0 Form 990, Part VI, Section B, line 11 CGU 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. CGU has engaged an outside accounting firm to prepare the 990 using information provided by the Office of Financial Services, the Office of Human Resources, and the Treasurer's Office, and changes are made as needed. Once a revised draft is available, it is reviewed by the Controller and the Vice President/Treasurer. After this review and any resulting changes are complete, the revised draft is provided to members of the CGU Audit Committee for questions and comments. Once questions and comments from the Audit Committee are fielded and issues resolved, the Audit Committee accepts the 990 and the 990 is provided to all voting members of the Board of Trustees prior to filing. Form 990, Part VI, Section B, line 12c The University maintains a policy that any Board member, Senior Management personnel, and such other persons designated by the President, or persons who exercise discretionary authority on behalf of Claremont Graduate University (CGU or University); defined collectively as fiduciary personnel, may not use this authority for his or her own benefit. It is University policy that all such personnel have a fiduciary duty to be free from the influence of any conflicting interest when acting on behalf of CGU. All dealings are conducted on the sole basis of what is in the best interest of the University without favor or preference to third parties based on personal considerations. To this end CGU enforces the following four guidelines concerning conflict of interest: 1. No fiduciary of the University shall accept from any person, directly or indirectly whether by himself or herself or through a family member or through any business or professional associate, any gift, favor, service, employment, or any other thing of value, which he or she knows or has reason to believe is made or offered to him or her with the intent to influence him or her in the performance of his or her fiduciary duties to the University. 2. No fiduciary, who is a partner, officer, or employee of a partnership, firm, or corporation or who owns or controls a significant financial interest in such organization, shall represent, appear for, or negotiate on behalf of the University in connection with the acquisition or sale by CGU of any interest in real or personal property, tangible or intangible, to or from such partnership, firm, or corporation. 3. No fiduciary shall participate by discussion, voting, or by any other action taken by the Board of Trustees or any committee thereof, in the enactment of or defeat of a motion which relates to any transaction with any party referred to in paragraph 2 above. In case any such matter is discussed at any meeting where any fiduciary who has such an interest is present, he or she shall promptly disclose his or her interest in the matter to be voted on to the chairman of the meeting or the Vice President for Finance & Administration/Treasurer (VP/Treasurer) of CGU. He or she shall not vote on the matter and at the discretion of the disinterested members present may be required to leave such meeting. 4. In addition to the foregoing, all fiduciary personnel shall disclose to the VP/Treasurer the existence of any relationship that may be deemed a direct or indirect conflict of interest with Claremont Graduate University. For this purpose, a "direct or indirect conflict of interest" means: a) Any situation in which fiduciary personnel have or may be construed to have a direct or indirect personal or financial interest in any business affairs of the University, whether related to a proposed contract or transaction to which the University may be a party or may be considering or, b) Because of a similarity of business interests or affairs, it may be construed that the University is competing with the personal or financial interest of the fiduciary personnel. The Board Chairperson and VP/Treasurer monitor for conflict of interest throughout the calendar year. On an annual basis the VP/Treasurer polls all Board members and Senior Management personnel for conflict of interest in writing. The written disclosures are reviewed, and disclosed in accordance with the University's Conflict of Interest Policy. Form 990, Part VI, Section B, line 15 The Associate Vice President for Human Resources collects and analyzes published compensation data from peer group institutions, local surveys, and the other members of the Claremont Colleges for the position of the President. This information is reviewed by the Vice President for Finance and Administration and then forwarded to the Board Chair. After review and discussion of the data by the Executive Committee, the Executive Committee presents its recommendation of compensation for the President to the Board of Trustees for approval. After review and discussion, the Board of Trustees determines and approves compensation for the President. Minutes of the Committee meetings and the analyses are kept confidential, limited to the Board of Trustees, the President, Vice President for Finance and Administration, and the Associate Vice President for Human Resources. The University employs the President via an employment contract approved by the Board of Trustees. The Associate Vice President for Human Resources also collects and analyzes published compensation data from peer group institutions, local surveys, and the other members of the Claremont Colleges for each senior administrator and other key employee positions. The Vice President for Finance and Administration reviews the data. Then, it is forwarded to the President along with performance evaluations and salary recommendations. After review and discussion, compensation is determined and approved for each senior administrator and other key employees. Form 990, Part VI, Section C, line 19 Annually, we post our Audited Financial Statements to our website which are made available to the public. We are responsible to post the bylaws to the main website (www.cgu.edu), and available to the public. Form 990, Part VI, Section B, Line 14: CGU drafted and released a written document retention and destruction policy in fiscal year 2016/2017. Form 990, Part VI, Section B, Line 16: CGU drafted and released a joint venture policy in fiscal year 2016/2017. Form 990, Part XI, line 9: Actuarial adjustment 19,924. Income from K-1s -28,681. Other Comprehensive Pension (Loss) 883,787. CGU Student Housing LLC 150 E Tenth Street Claremont CA 91711 Student housing CA 0 0 CGU Claremont University Consortium 101 South Mills Ave Claremont CA 91711 954786748 Provide academic and business services CA 501(c)(3) Line 11a, I N/A 0 Blais Foundation 150 E Tenth Street Claremont CA 91711 954729463 Support of Claremont Graduate University CA 501(c)(3) Line 11a, I Claremont Graduate University 1 Charitable Remainder Trusts (3) Holdings CA Claremont Graduate University 0 Pooled Income Funds (4) Holdings CA Claremont Graduate University 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 Blais Foundation C 345000 Book/Actual Value