2015-05-14T10:16:13-05:00 2014-06-30 910189318 Moss Adams LLP 3121 W March Lane Stockton CA 95219 990 2013-07-01 952261113 Pitzer College PITZ 9096218043 1050 N Mills Avenue Claremont CA 917116101 Yuet K Lee VP for Admin/Treasurer 9096218043 2015-05-07 1 Tracy S Paglia P00366884 2099556100 2013 2016-02-25 16:41:14Z Laura Skandera Trombley 1050 N Mills Avenue Claremont CA 917116101 186338754 0 X www.pitzer.edu X 1963 CA Pitzer College is an educational institution focusing on undergraduate education. 39 38 1021 198 16848 15753 14671036 6124923 59455627 62208153 5317051 6137297 495075 437772 79938789 74908145 12277343 11958958 0 0 26288830 27026802 0 0 1452836 28155798 29030709 66721971 68016469 13216818 6891676 254466021 270616829 94875072 93836567 159590949 176780262 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 59556612 11958958 62208153 Pitzer College is an educational institution focusing on undergraduate education. The undergraduate full time equivalent enrollment for the year was 1,040 students. 59556612 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 1864 0 1 1021 1 1 1 1 NP IT 0 0 0 1 1 0 0 0 0 X 39 38 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 Hirschel B Ableson Trustee 5.80 X 0 0 0 Martin B Adelstein Trustee 1.00 X 0 0 0 Bridget Baker Trustee 1.60 X 0 0 0 Robert Bookman Trustee 1.00 X 0 0 0 Donnaldson Brown Trustee 1.00 X 0 0 0 Harold A Brown Trustee 4.00 X 0 0 0 William G Brunger Vice Chair 1.00 X X 0 0 0 Jack Cohen Trustee 1.00 X 0 0 0 Richard Cook Trustee 1.00 X 0 0 0 Susan 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 Hollander Trustee 1.00 X 0 0 0 Deborah Bach Kallick Trustee 2.00 X 0 0 0 Jill Klein Trustee 1.00 X 0 0 0 Robin Kramer Board Chair 4.00 1.00 X X 0 0 0 John Landgraf Trustee 1.00 X 0 0 0 David 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 Joyce Ostin 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 E Pitzer Trustee 1.00 X 0 0 0 Paula B Pretlow Trustee 1.00 X 0 0 0 Susan S Pritzker 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 D Sheinberg Trustee 1.00 X 0 0 0 Shahan Soghikian Trustee 1.00 X 0 0 0 Eugene P Stein Trustee 2.00 X 0 0 0 Tracy Tindle Trustee 1.00 X 0 0 0 Charles CK Woo Trustee 2.00 X 0 0 0 Laura Skandera Trombley President 70.00 2.00 X X 784313 0 135518 Steven Chang Trustee 2.00 X 0 0 0 Lisa Specht Trustee (thru 05/2014) 4.00 X 0 0 0 Margot Levin Schiff Trustee (thru 05/2014) 1.00 X 0 0 0 Robert Redford Trustee 1.00 X 0 0 0 Yuet Lee VP for Administration/Treasurer 40.00 1.00 X 244820 0 32506 Lori M Yoshino Assoc. VP of Administration/Assoc Treasurer 40.00 X 129693 0 36860 Jennifer Berkley Asst. VP & Secretary to the Board 40.00 1.00 X 127369 0 15515 Mia Alonzo Controller 4.00 21.00 X 0 117397 25838 Muriel Poston VP/Dean of Faculty 40.00 1.00 X 255870 0 36209 Angel Perez VP/Admissions & Financial Aid 40.00 X 173825 0 25698 Adrian Stevens VP/College Advancement 40.00 X 218940 0 42565 Katheryn Miller Faculty (through 12/31/13) 40.00 X 231546 0 11673 Nigel Boyle Faculty 40.00 X 194112 0 41033 Alan Jones Faculty 40.00 X 180684 0 44124 Albert Wachtel Faculty 40.00 X 158751 0 32538 James Marchant Exec. Director, Advancement & Special Projects 40.00 X 151356 0 33793 2851279 117397 513870 47 0 1 0 Perera Construction & Design Inc 2890 Inland Empire Blvd Suite 102 Ontario CA 91764 Construction 3895436 Bon Appetit Inc 1000 West Temple Street Los Angeles CA 900740196 Food Service 2544063 Hartman Baldwin Inc 100 West Foothill Blvd Claremont CA 91711 Architecture/Construction 1790853 LPA Inc PO Box 7399 Newport Beach CA 926587399 Architect 843866 Charles Pankow Builders Ltd 199 S Los Robles Suite 300 Pasadena CA 91101 Construction 661242 16 43258 239286 5842379 795104 6124923 Tuition and fees 611600 49423549 49423549 Auxiliary enterprises 611710 11303386 11303386 Summer conferences 611710 1035971 1035971 Federal Grants and Contracts 611710 418534 418534 Private contracts 900099 26713 26713 62208153 2724577 -25972 2750549 38073 38073 114786482 108461425 2950410 6325057 -2950410 3374647 42820 3331827 5250 43258 18774 -13524 -13524 Other sources 900099 451296 451296 451296 74908145 62208153 16848 6558221 11958958 11958958 2331075 980649 1076797 273629 150971 150971 18186064 16377091 1194791 614182 2753332 2342170 281505 129657 2184638 1985171 91633 107834 1420722 1208562 145257 66903 120899 45313 75586 431415 431415 136100 136100 302777 302777 1268037 1237994 29331 712 828845 617036 184534 27275 1685705 1511119 82891 91695 480655 161173 312757 6725 968199 912253 47280 8666 1204448 1082271 58990 63187 347849 324920 22914 15 4150582 4087482 63100 8605647 6963805 1637352 4490 3944585 3701941 242644 230838 10938 219900 Food and housing 2780116 2780116 Building repair 855317 831399 20109 3809 Books & periodicals 10543 10543 678152 274737 349358 54057 68016469 59556612 7007021 1452836 737887 798667 24802478 17881946 10791022 11539131 1968153 1064345 252522 169570 3243200 3869977 125171603 32979844 90062163 92191759 82002438 99397471 33478568 36450048 4983383 4835206 2144207 2418709 254466021 270616829 7179251 6533580 1360775 1397766 78693033 77254710 268458 497996 7373555 8152515 94875072 93836567 X 96968613 107486675 29358539 35510205 33263797 33783382 159590949 176780262 254466021 270616829 X 6891676 10869613 -571976 X 0 1 X 1 1 1 X 3684067 7968212 5665891 14671036 6124923 38114129 3684067 7968212 5665891 14671036 6124923 38114129 8127217 29986912 1968255 4357139 2645597 2815917 2788622 14575530 23733 2229 25962 242672 369722 328016 484886 451296 1876592 54592213 285764952 0.54930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 77463651 6467107 11002922 356204 94577476 0.61000 0.23000 0.16000 1 0 1096724 1096724 108476876 26799122 81677754 9008055 6180722 2827333 6589948 6589948 92191759 Funds held in trust by others 944613 F Limited Partnerships 35505435 F 36450048 Government advances for student loans 3128403 Annuities payable 207651 Early retirement liability 4183636 Asset retirement obligation 632825 8152515 X 73041421 10869613 -571976 10297637 62743784 293603 11870758 12164361 74908145 55894496 42393 42393 55852103 293603 11870763 12164366 68016469 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, 2014 and 2013. 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 2011 for its federal filing and for years before 2010 for its state filings. Part XI, Line 2d - Other Adjustments: Actuarial Adjustments 27,355. Staff retirement plan comprehensive loss -599,331. Part XI, Line 4b - Other Adjustments: Student Financial aid 11,870,758. Part XII, Line 2d - Other Adjustments: Expenses reported on Pitzer College Costa Rica's return 42,393. Part XII, Line 4b - Other Adjustments: Student Financial aid 11,870,763. 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. South Asia 1 1 Program services Education 337572 Europe 1 1 Program services Education 271676 Central America and the Caribbean 1 1 Program services Education 373876 Sub-Saharan Africa 1 1 Program services Education 307663 East Asia and the Pacific 1 1 Program services Education 15881 South America 1 1 Program services Education 220027 Central America and the Caribbean 0 0 Investments 15337841 6 6 0 0 6 6 16864536 0 16864536 1 0 0 0 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 48508 43258 5250 12614 225 5935 48508 43258 5250 12614 225 5935 18774 -13524 1 Institutional Grant Aid 400 11697407 Supplemental Educational Opportunity Grant 59 173351 Stipends 53 88200 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 1 0 0 0 0 0 0 0 Laura Skandera Trombley President 495579 0 0 0 288734 0 97267 0 38251 0 919831 0 260000 0 Yuet Lee VP for Administration/Treasurer 243500 0 0 0 1320 0 29520 0 2986 0 277326 0 0 0 Lori M Yoshino Assoc. VP of Administration/Assoc Tr 128853 0 0 0 840 0 17622 0 19238 0 166553 0 0 0 Muriel Poston VP/Dean of Faculty 251045 0 0 0 4825 0 30300 0 5909 0 292079 0 0 0 Angel Perez VP/Admissions & Financial Aid 172499 0 0 0 1326 0 20760 0 4938 0 199523 0 0 0 Adrian Stevens VP/College Advancement 216765 0 0 0 2175 0 26760 0 15805 0 261505 0 0 0 Katheryn Miller Faculty (through 12/31/13) 54789 0 0 0 176757 0 6491 0 5182 0 243219 0 0 0 Nigel Boyle Faculty 134566 0 0 0 59546 0 23474 0 17559 0 235145 0 0 0 Alan Jones Faculty 180588 0 0 0 96 0 22753 0 21371 0 224808 0 0 0 Albert Wachtel Faculty 158751 0 0 0 0 0 18362 0 14176 0 191289 0 0 0 James Marchant Exec. Director, Advancement & Specia 149728 0 0 0 1628 0 18630 0 15163 0 185149 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 4b 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. In accordance with the terms of the President's Employment Agreement dated July 1, 2010, additional amounts will vest on June 30, 2013 and June 30, 2016 if the President continues in the College's employ through these dates. If the President's employment ceases due to the President's death, termination by the College without Cause or resignation for Good Reason, a prorated amount of the President's Section 457(f) contributions from date of employment agreement, July 1, 2010, through date of termination will vest. Vested amounts will be paid within two and one half months of the vesting date. 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 Educational Facilities Authority Series 2005A 521705592 1301754Q2 2005-04-29 16335084 Facility construction & improvement 0 0 0 C California Municipal Finance Authority 2014 Tax-Exempt Loan 201563466 2014-06-26 24937500 Advance refund CEFA 2005A in April 2015, property purchase, facility improve 0 0 0 A 2400000 63897842 669399 275206 792003 38675810 24159138 2013 0 1 1 1 B 110000 18499925 8 241084 18250366 2010 0 0 1 1 C 187741 125241 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 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 1 1 B 0 0 0 1 0 0 0 1 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 0 Date Rebate Computation Performed Issuer Name: California Educational Facilities Authority Series 2005A Date the Rebate Computation was Performed: 09/07/2010 Part II, Line 3, Column A, B and C Explanation of difference between line 3 and issue price: Interest income and gain/loss. X 40 795104 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 a 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 desginated 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 27,355. Staff retirement plan comprehensive loss -599,331. 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 0 Charitable Remainder Trust (1) Charitable Remainder Unitrust CA N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0