2016-05-12T19:42:28-05:00 2015-06-30 910189318 Moss Adams LLP 3121 W March Lane Stockton CA 95219 990 2014-07-01 952261113 Pitzer College PITZ 9096218043 1050 N Mills Avenue Claremont CA 917116101 Yuet K Lee VP for Admin/Treasurer 9096218043 2016-05-03 1 Tracy S Paglia P00366884 2099556100 2016-05-03 2014 2016-08-17 19:52:53Z Thomas Poon 1050 N Mills Avenue Claremont CA 917116101 239470745 0 X www.pitzer.edu X 1963 CA Pitzer College is an educational institution focusing on undergraduate education. 36 35 1025 150 38217 36400 6124923 7331963 62208153 63571171 6137297 6985252 437772 547633 74908145 78436019 11958958 12279896 0 0 27026802 28052954 0 0 1442743 29030709 29864631 68016469 70197481 6891676 8238538 270616829 275870697 93836567 97438028 176780262 178432669 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 61745062 12279896 63571171 Pitzer College is an educational institution focusing on undergraduate education. The undergraduate full time equivalent enrollment for the year was 1,025 students. 61745062 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 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 1684 0 1 1025 1 1 1 1 NP IT 0 0 0 1 1 1 2 0 0 0 X 36 35 0 0 0 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 Laura Skandera Trombley President (through 6/30/15) 70.00 1.00 X X 575248 0 132471 Hirschel Abelson Trustee 5.80 X 0 0 0 Bridget Baker Trustee 2.60 X 0 0 0 Harold Arthur Brown Trustee 3.00 X 0 0 0 William G Brunger Vice Chair of the Board 1.00 X X 0 0 0 Steven Chang Trustee 2.00 X 0 0 0 Jack Cohen Trustee 1.00 X 0 0 0 Susan G Dolgen Trustee 1.00 X 0 0 0 Stuart Finkelstein Trustee 2.00 X 0 0 0 Vicki Kates Gold Trustee 1.00 X 0 0 0 Donald P Gould Trustee 10.00 X 0 0 0 Susan E Hollander Trustee 1.00 X 0 0 0 Deborah Bach Kallick Trustee 2.00 X 0 0 0 Susan Kessler Trustee 1.00 X 0 0 0 Jill A Klein Trustee 1.50 X 0 0 0 Robin M Kramer Trustee 3.00 X 0 0 0 John Landgraf 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 Magdalena Marquet Trustee 1.00 X 0 0 0 Julie Mazer Trustee 1.00 X 0 0 0 Arnold Palmer Trustee 2.00 X 0 0 0 Shana Passman Trustee 1.00 X 0 0 0 Ann Pitzer Trustee 1.00 X 0 0 0 Kenneth Pitzer Trustee 1.00 X 0 0 0 Paula B Pretlow Trustee 3.00 X 0 0 0 Susan Pritzker Trustee 1.00 X 0 0 0 Robert Redford Trustee 1.00 X 0 0 0 Alissa Okuneff Roston Trustee 1.00 X 0 0 0 Edwin Ryu Trustee 2.00 X 0 0 0 Steven R Scheyer Trustee 1.00 X 0 0 0 William Sheinberg Trustee 1.00 X 0 0 0 Shahan Soghikian Chair of the Board 1.00 1.00 X X 0 0 0 Eugene Stein Trustee 2.00 X 0 0 0 Tracy McDonald Tindle Trustee 1.00 X 0 0 0 Charles C K Woo Trustee 2.00 X 0 0 0 Robert Bookman Trustee (through 10/31/14) 1.00 X 0 0 0 Yuet Lee VP for Administration/Treasurer 40.00 1.00 X 253740 0 33226 Lori Yoshino Assoc VP for Administration/Assoc Treasurer 40.00 X 133400 0 38067 Jennifer Berkley Asst. VP/ Secretary to the Board 40.00 1.00 X 128612 0 26610 Mia Alonzo Controller 4.00 16.00 X 0 117178 32873 Muriel Poston VP/Dean of Faculty 40.00 1.00 X 260752 0 38133 Angel Perez VP/Admis. & Fin. Aid (thru 1/2015) 40.00 X 184464 0 28196 Adrian Stevens VP/College Advancement 40.00 X 230019 0 47776 Brian Carlise VP/Office of Student Affairs 40.00 X 181454 0 30258 Albert Wachtel Faculty 40.00 X 157170 0 31269 Sheryl Miller Faculty 40.00 X 154278 0 18972 Lean Light Faculty 40.00 X 152030 0 21175 Sharon Snowiss Faculty 40.00 X 148075 0 18177 Larry Burik Assistant VP/Facilities 40.00 X 145628 0 25490 Alan Jones Faculty (former key employee) 40.00 X 122837 0 27161 2827707 117178 549854 38 1 1 0 Bon Appetit Inc PO Box 50196 Los Angeles CA 900740196 Food Service 2527155 Perera Construction & Design Inc 2890 Inland Empire Blvd Ste 102 Ontario CA 91764 Construction 2375149 American Wrecking Inc 2459 Lee Ave South El Monte CA 91733 Demolition contractor 489640 Meyer Coatings Inc 606 N Eckhoff Orange CA 92868 Painter 341561 LPA Inc PO Box 7399 Newport Beach CA 926587399 Architect 277785 17 19735 173351 7138877 513853 7331963 Tuition and fees 611600 50501877 50501877 Auxiliary enterprises 611710 11590561 11590561 Summer conferences 611710 1024190 1024190 Federal Grants and Contracts 611710 383865 383865 Private contracts 900099 70678 70678 63571171 2758947 -22435 2781382 165175694 60652 160972310 37731 4203384 22921 4226305 60652 4165653 5614 19735 24685 -19071 -19071 Other sources 900099 566704 566704 566704 78436019 63571171 38217 7494668 12279896 12279896 2487415 1213525 991595 282295 153181 153181 18763437 17088932 1000615 673890 2760340 2389146 269386 101808 2434329 2250194 88566 95569 1454252 1220576 170252 63424 280444 18600 261844 161291 161291 125215 125215 315131 315131 1232854 1152892 78992 970 520120 460757 46467 12896 1735350 1587210 77460 70680 630576 202812 408328 19436 1118455 1061718 47642 9095 1310050 1193408 61180 55462 317414 295738 20944 732 4094815 4035572 59243 9443041 7255780 2184972 2289 4184522 3911752 272770 238049 6373 231676 Food and Housing 2809049 2809049 Building Repair 812397 793773 15559 3065 Books & Periodicals 13024 13024 522834 351154 120548 51132 70197481 61745062 7009676 1442743 798667 1139992 17881946 27545385 11539131 4142346 1064345 2378828 169570 119155 3869977 3431961 137659593 37164365 92191759 100495228 99397471 90415993 36450048 39466129 4835206 4419906 2418709 2315774 270616829 275870697 6533580 6371421 1397766 1687911 77254710 80772405 497996 433425 8152515 8172866 93836567 97438028 X 107486675 108102212 35510205 34017546 33783382 36312911 176780262 178432669 270616829 275870697 X 8238538 -6933501 347370 X 0 1 X 1 1 1 X 7968212 5665891 14671036 6124923 7331963 41762025 7968212 5665891 14671036 6124923 7331963 41762025 12542589 29219436 4357139 2645597 2815917 2788622 2781382 15388657 23733 2229 17329 43291 369722 328016 484886 451296 566704 2200624 59394597 297836165 0.49200 0.54930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 134877145 3479846 -328900 721579 4167851 305413 132833248 119050563 1596178 19000104 664296 3818288 287116 134877145 110612081 2284824 10827503 646432 3715622 311791 119050563 114169993 736362 -836804 429123 2616042 412305 110612081 94577476 3121095 18474522 237969 1385016 380115 114169993 0.60000 0.25000 0.15000 1 0 11705070 11705070 114587207 30021316 84565891 10012674 7143049 2869625 1354642 1354642 100495228 Funds held in trust by others 579100 F Limited Partnerships 38887029 F 39466129 Government advances for student loans 3093100 Annuities payable 48577 Early retirement liability 4368385 Asset retirement obligation 662804 8172866 X 59375765 -6933501 347370 -6586131 65961896 309590 12164533 12474123 78436019 57798029 74670 74670 57723359 309589 12164533 12474122 70197481 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 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, 2015 and 2014. The College's tax returns are subject to review and examination by federal and state authorities. The College is no longer subject to income tax examinations by taxing authorities for years before 2012 for its federal filing and for years before 2011 for its state filings. Part XI, Line 2d - Other Adjustments: Actuarial Adjustments 152,362. Staff retirement plan comprehensive loss 195,008. Revenue of relatd organization included in financial statements Part XI, Line 4b - Other Adjustments: Student Financial aid 12,164,533. Part XII, Line 2d - Other Adjustments: Expenses reported on Pitzer College Costa Rica's return 74,670. Part XII, Line 4b - Other Adjustments: Student Financial aid 12,164,533. 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 and Perkins Loan programs. Central America and the Caribbean 1 1 Program services Education 386714 East Asia and the Pacific 1 1 Program services Education 303118 Europe (including Iceland and Greenland) 1 1 Program services Education 174005 South America 1 1 Program services Education 187430 South Asia 1 1 Program services Education 347511 Sub-Saharan Africa 1 1 Program services Education 208613 Central America and the Caribbean 0 0 Investments 15864980 East Asia and the Pacific 0 0 Investments 3742312 Europe (including Iceland and Greenland) 0 0 Investments 6557567 Middle East and North Africa 0 0 Investments 19936 6 6 0 0 6 6 21214683 6577503 27792186 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 25349 19735 5614 1500 4337 13527 5321 25349 19735 5614 1500 4337 13527 5321 24685 -19071 1 Institutional Grant Aid 391 11991182 Supplemental Educational Opportunity Grant 59 173351 Stipends 67 115363 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 0 0 Laura Skandera Trombley President (through 6/30/15) 518284 0 0 0 56964 0 97867 0 34604 0 707719 0 0 0 Yuet Lee VP for Administration/Treasurer 252420 0 0 0 1320 0 30542 0 2684 0 286966 0 0 0 Lori Yoshino Assoc VP for Administration/Assoc Tr 132560 0 0 0 840 0 16849 0 21218 0 171467 0 0 0 Jennifer Berkley Asst. VP/ Secretary to the Board 127444 0 0 0 1168 0 15750 0 10860 0 155222 0 0 0 Mia Alonzo Controller 0 116698 0 0 0 480 0 12574 0 20299 0 150051 0 0 Muriel Poston VP/Dean of Faculty 255952 0 0 0 4800 0 30906 0 7227 0 298885 0 0 0 Angel Perez VP/Admis. & Fin. Aid (thru 1/2015) 182194 0 0 0 2270 0 21937 0 6259 0 212660 0 0 0 Adrian Stevens VP/College Advancement 228043 0 0 0 1976 0 28240 0 19536 0 277795 0 0 0 Brian Carlise VP/Office of Student Affairs 180330 0 0 0 1124 0 21960 0 8298 0 211712 0 0 0 Albert Wachtel Faculty 157170 0 0 0 0 0 19078 0 12191 0 188439 0 0 0 Sheryl Miller Faculty 154221 0 0 0 57 0 18506 0 466 0 173250 0 0 0 Lean Light Faculty 152030 0 0 0 0 0 18506 0 2669 0 173205 0 0 0 Sharon Snowiss Faculty 148075 0 0 0 0 0 17695 0 482 0 166252 0 0 0 Larry Burik Assistant VP/Facilities 145628 0 0 0 0 0 17739 0 7751 0 171118 0 0 0 Alan Jones Faculty (former key employee) 122744 0 0 0 93 0 15306 0 11855 0 149998 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 her contract. All maintenance expenses related to the house are paid by Pitzer. Part I, Line 4 Part II: President Laura Trombley participates in a Section 457(f) supplemental nonqualified plan. A payment was made to the President in July of 2010 for the amount that vested on June 30, 2010. A payment was made to the President in July 2013 for the amount that vested on June 30, 2013. An additional amount would have been due to the President on June 30, 2016 if the President had continued in the College's employment through that date. The President tendered her resignation on November 20, 2014, effective June 30, 2015. As a result additional payments under her agreement that would have been due June 30, 2016 and any prorated amounts that might have been due as a death benefit per the terms of her contract are no longer due as of June 30, 2015. 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 2014-06-26 24937500 Advance refund CEFA 2005A in April 2015, property purchase, capital projects 0 0 0 A 3725000 63897893 792003 38675810 24709550 2013 0 1 1 1 B 21047741 125241 5000000 15860000 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 1 1 B 0 1 0 0 0 0 0 0 1 A 1 B 0 Part II, Line 3, Column A, B and C Explanation of difference between line 3 and issue price: Interest income and gain/loss. X 25 513853 FMV 0 0 1 0 Form 990, Part VI, Section B, line 11 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. A couple of years ago, the Compensation Committee, the Executive Committee and the Board of Trustees decided that, under these policies, it was appropriate and necessary to extend the President's contract for an additional period to coincide with the College's strategic planning horizon and its pending capital fund-raising campaign. As a result, under the process described above, the two committees and the Board, in consultation with independent compensation experts and legal counsel, considered a new contract for the President contract, effective July 1, 2010, for a five-year period, and it was approved by the Board of Trustees. The deliberations and review included the President's exceptional performance, her years in position and the external market for comparable presidents at a large cohort group of peer liberal arts colleges, as summarized in a report prepared by independent compensation consultants. The Board approved the new contract by consensus, its final formal vote being unanimous. The new contract was then executed by the President and the Board Chair. 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: Actuarial adjustment 152,362. Staff retirement plan comprehensive loss 195,008. Claremont University Consortium 101 S Mills Ave Claremont CA 91711 954786748 Support Claremont colleges CA 501(c)(3) 11a, 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) 11a, Type I N/A 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0