2014-05-13T16:53:44-05:00 2013-06-30 910189318 Moss Adams LLP 3121 W March Lane Suite 100 Stockton CA 952192303 990 2012-07-01 951664123 Scripps College SCRI 9096218043 1030 Columbia Avenue Claremont CA 91711 Mia Alonzo 9096070689 2014-05-08 1 Tracy Paglia P00366884 2099556100 2012 2015-11-30 17:44:51Z Lori Bettison-Varga 1030 Columbia Avenue Claremont CA 91711 281546744 0 X www.scrippscollege.edu X 1926 CA Scripps College ("Scripps") is an independent, liberal arts, undergraduate college for women. 36 35 1188 500 -490173 -513897 9231215 19822041 52407702 53577451 18302953 24206721 -18220 21985 79923650 97628198 14148810 14627589 0 0 27643403 28465918 78671 76770 3571075 30899023 30924986 72769907 74095263 7153743 23532935 409232756 441161202 49966211 48232316 359266545 392928886 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 64088519 14627589 53577451 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 950 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. 64088519 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 1 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 1641 0 1 1188 1 1 1 1 BD CJ VI 0 0 0 0 1 1 0 0 0 X 36 35 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 40.00 1.00 X X 402261 0 140008 Linda Davis Taylor 6.00 2.00 X X 0 0 0 Mark Herron 2.00 X X 0 0 0 Elizabeth Weinberg Smith 1.00 X X 0 0 0 Barbara Bice 2.00 X 0 0 0 Joanne Blauer 1.00 X 0 0 0 Walter Block 1.00 X 0 0 0 Bob Breech 1.00 X 0 0 0 Lynne Brickner 2.00 X 0 0 0 Barbara Bruner 1.00 X 0 0 0 Chalan Colby 1.00 X 0 0 0 Amy Drayer 1.00 X 0 0 0 Roger Engemann 2.00 X 0 0 0 Rosanne Holliday 1.00 X 0 0 0 Donald Johnson 1.00 X 0 0 0 Gabrielle Jungels-Winkler 1.00 X 0 0 0 Nancy Katayama 2.00 X 0 0 0 Joanne Keith 1.00 X 0 0 0 Lucy Kereta-Block 1.00 X 0 0 0 Steven Koblik 1.00 X 0 0 0 David Lahar 1.00 X 0 0 0 Leslie Lassiter 2.00 X 0 0 0 Marguerite Manela 1.00 X 0 0 0 Suzanne Ely Muchnic 2.00 X 0 0 0 Andrea Neves 1.00 X 0 0 0 Hannah Peter 1.00 X 0 0 0 Liza Malott Pohle 1.00 X 0 0 0 Hugh Ralston 2.00 X 0 0 0 Stephanie Rasines 1.00 X 0 0 0 Carolyn Revelle 2.00 X 0 0 0 Fran Scoble 1.00 X 0 0 0 Jean Bixby Smith 2.00 X 0 0 0 Barbara Talbott 1.00 X 0 0 0 Carolyn Wagner 1.00 X 0 0 0 Emily Jenssen Waldorf 1.00 X 0 0 0 Roxanne Wilson 1.00 X 0 0 0 Mia Alonzo 4.00 20.00 X 0 117221 26370 Joanne Coville 40.00 X 261687 0 34114 Amy Marcus-Newhall 40.00 X 196653 0 31856 Sally Steffen 40.00 X 81029 0 15419 Michael Archibald 40.00 X 263713 0 38966 Victoria Romero 40.00 X 158450 0 31950 Rebecca Lee 40.00 X 162390 0 19966 Megan Callaway 40.00 X 142273 0 27685 Anthony Crowley 40.00 X 152095 0 34315 Marylou Ferry 40.00 X 172125 0 21178 Alan Hartley 40.00 X 152609 0 18112 Hao Huang 40.00 X 142960 0 33727 James Manifold 0.00 X 107021 0 16215 2395266 117221 489881 40 1 1 0 Sodexo 9801 Washington Blvd Gaithersburg MD 20878 Food Service 2204937 EMoule & SPolyzoides Inc 180 E CA Blvd Pitcher Alley Pasadena CA 91105 Architect 617634 Cambridge Associates LLC PO Box 83232 Chicago IL 606910232 Investment Management 530655 Agape Employment Inc 7365 Carnelian St 216 Rancho Cucamonga CA 91730 Temporary Employment Agency 286804 KAR Construction Inc 1306 W Brooks St Ontario CA 917623611 Construction 229386 13 332187 19489854 944360 19822041 Tuition, Room & Board 611600 52536721 52536721 Summer Programs 611600 303895 303895 Co-Curricular Op. 611600 297327 297327 Fed Grants & Contracts 611600 45858 45858 393650 393650 53577451 4190045 -490173 4680218 233061 246378 -13317 -13317 -13317 186162883 17508848 176976439 6678616 9186444 10830232 20016676 20016676 52415 17113 35302 35302 97628198 53577451 -490173 24718879 14627589 14627589 1964917 876524 624270 464123 20241486 17515828 1025001 1700657 2334559 1839584 315268 179707 2413347 2169434 64281 179632 1511609 1157135 224095 130379 267556 267556 135179 135179 76770 76770 1348091 1348091 5134961 4920642 124982 89337 916639 508097 161393 247149 3864271 3522303 173207 168761 254713 166767 59093 28853 1695203 1563443 120769 10991 1313211 1048290 69087 195834 4732 4732 1687863 1674519 9425 3919 7765512 6585983 1170170 9359 4043657 3942350 87038 14269 219163 362 218801 Building Repair 1665018 1475566 166989 22463 Transfer to Claremont 197879 197879 Noncapital equipment 142220 124098 16076 2046 Loss on Bond Defeasance 75991 75991 193127 91403 54898 46826 74095263 64088519 6435669 3571075 122640 946967 31904939 44136245 13241156 20401830 704121 589986 89474 144600 26006 61849 1447578 1606706 137626043 51047605 86239072 86578438 114145700 126019920 138523356 137366445 4741136 4732020 18047578 18576196 409232756 441161202 4809070 4525582 2418827 1879985 35602816 36708818 7135498 5117931 49966211 48232316 X 95191302 99716206 143165069 159879915 120910174 133332765 359266545 392928886 409232756 441161202 X 23532935 6878420 3250986 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 535407 18331547 X X X X 0 258710735 13646971 30724823 3426397 11033181 767645 287855306 269531560 1530313 2521406 3448159 10663297 761088 258710735 237299803 4300781 41590496 3091897 9852141 715482 269531560 215133918 10302083 25136753 2846661 9754362 671928 237299803 276010266 1454487 -49285496 2839374 9508812 697153 215133918 0.10220 0.40020 0.49760 1 0 2015104 2015104 551498 120898009 40429404 81020103 9617765 7982858 1634907 4543667 2635343 1908324 86578438 Long/short hedge funds 23638380 F Absolute return hedge funds 34598429 F Assets whose use is limited 387212 F Private equity 78227632 F Other assets 514792 C 137366445 Life income and annuities payable 1984083 Liability for staff retirement 681992 Government advances for student loans 1566693 Funds held in trust for others 83055 Asset retirement obligation 802108 5117931 X 91771545 6878420 3514477 10392897 81378648 1348091 14901459 16249550 97628198 58109204 263491 263491 57845713 1348091 14901459 16249550 74095263 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. Description of Intended Use of Endowment Funds: 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 5.35% and 5.40% to the twenty-quarter average market value of pooled investments for the years ended June 30, 2013 and 2012, respectively. Description of Uncertain Tax Positions Under FIN 48: Part X, Line 2: The College has no unrecognized tax benefits as of June 30, 2013 and 2012. The College is no longer subject to income tax examinations by taxing authorities for years before 2009 for its federal filings and for years before 2008 for its state filings. Part XI, Line 2d - Other Adjustments: Unrelated Business Loss from Alternative Investments 490,173. Cost of Goods Sold 17,113. Rental Expense 246,378. Actuarial Adjustment of Annuity and Life Income Liabilities 2,308,265. Other Comprehensive Pension Loss 452,548. Part XI, Line 4b - Other Adjustments: Student Financial Aid 14,627,589. Loss on Bond Defeasance 75,991. Transfer to Claremont University Consortium 197,879. Part XII, Line 2d - Other Adjustments: Cost of Goods Sold 17,113. Rental Expense 246,378. Part XII, Line 4b - Other Adjustments: Student Financial Aid 14,627,589. Transfer to Claremont University Consortium 197,879. Loss on Bond Defeasance 75,991. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Explanation of Nondiscriminatory Policy Publication 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 Explanation of Government Financial Assistance 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 75351271 0 0 0 0 0 0 75351271 0 75351271 1 0 0 0 1 0 X 1 Washburn & McGoldrick Inc 950 New Loudon Rd 200 Latham NY 12110 Fundraising/Campaign Counsel 0 0 76770 -76770 76770 -76770 CA 1 Student Financial Aid 575 14627589 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: Use of grant funds is monitored through student financial aid and billing process. X X X X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 Lori Bettison-Varga 358018 0 40750 0 3493 0 30000 0 110008 0 542269 0 0 0 Joanne Coville 237477 0 0 0 24210 0 28800 0 5314 0 295801 0 0 0 Amy Marcus-Newhall 195348 0 0 0 1305 0 24282 0 7574 0 228509 0 0 0 Michael Archibald 228868 0 0 0 34845 0 26400 0 12566 0 302679 0 0 0 Victoria Romero 158450 0 0 0 0 0 19488 0 12462 0 190400 0 0 0 Rebecca Lee 162000 0 0 0 390 0 19440 0 526 0 182356 0 0 0 Megan Callaway 141913 0 0 0 360 0 17311 0 10374 0 169958 0 0 0 Anthony Crowley 147708 0 0 0 4387 0 18914 0 15401 0 186410 0 0 0 Marylou Ferry 172125 0 0 0 0 0 20655 0 523 0 193303 0 0 0 Alan Hartley 145067 0 0 0 7542 0 17432 0 680 0 170721 0 0 0 Hao Huang 115265 0 0 0 27695 0 15406 0 18321 0 176687 0 0 0 James Manifold 107021 0 0 0 0 0 12942 0 3273 0 123236 0 0 0 Part I, Line 1a Part I, Line 1a: - All travel for companions of the President is approved by the Board. - 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. Part I, Line 7 The compensation committee recommends bonuses based on annual performance. A California Educational Facilities Authority 521705592 130178LP9 2007-10-31 30547404 Financing and refinancing 0 0 0 B California Municipal Finance Authority 521705592 2013-06-01 19875000 Financing and Refinancing 0 0 0 A 1860000 29737621 387212 525943 326000 13255285 2008 0 1 1 1 B 19875000 6322554 193267 125000 1478906 11755273 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 Schedule K Part IV, Arbitrage, Line 2c 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, Column A Difference between Part I, Issue Price & Part II, Line 3: Interest Income and loss on investments X 10 544900 Appraisal X 26 384461 FMV X Miscellaneous 1 992 Purchase Price X Comp. Equip. 1 14000 Purchase Price 1 0 1 1 Third Party Use: Part I, Line 32b: A third party broker is used in the sale of marketable securities. Form 990, Part VI, Section A, line 2 Walter Block and Lucy Kereta-Block have a family and business 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 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, Assistant Treasurer and Director of Budgeting, Assistant Treasurer and Director of Investments, and the Vice President of Business Affairs/Treasurer. After this review and any resulting changes are complete, the revised draft Form 990 (redacted Schedule B -- Schedule of Contributors) 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 accepts the Form 990 with redacted Schedule B. The Form 990 with redacted Schedule B 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 only 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 Treasurer and Director of Investments, and any conflicts noted are followed up by Assistant Treasurer and reported to 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 also reviewed comparability data. Form 990, Part VI, Section C, line 19 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. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 9: Other Comprehensive Pension Loss 452,548. Unrelated Business Loss from Alternative Investments 490,173. Actuarial Adjustment of Annuity and Life Income Liabilities 2,308,265. 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) 1030 Columbia Ave Claremont CA 91711 Holding Co CA Scripps College T 1 Pooled Income Funds (1) 1030 Columbia Ave Claremont CA 91711 Holding Co CA Scripps College T 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0