2014-05-13T16:53:44-05:00 2013-06-30 910189318 Moss Adams LLP 3121 West March Lane Suite 100 Stockton CA 952192303 990 2012-07-01 951664100 Claremont Graduate University CLAR 9096218043 150 E Tenth Street Claremont CA 91711 Mia Alonzo 9096218043 2014-05-06 1 TRACY S PAGLIA P00366884 2099556100 2012 2015-11-30 17:44:51Z DEBORAH A FREUND 150 E Tenth Street Claremont CA 91711 165559143 0 X www.cgu.edu X 1925 CA An independent institution that awards master's and doctoral degrees in 22 disciplines. 26 26 1076 35 645331 593836 6366568 7833370 57502391 58745483 2855575 7157010 980762 1115252 67705296 74851115 11124842 12657799 0 0 41795432 41694658 0 0 1991800 25060252 24231842 77980526 78584299 -10275230 -3733184 253910219 261319107 73028127 70426903 180882092 190892204 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 67516449 12657799 58745483 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. 67516449 1 1 0 0 0 0 0 1 0 1 1 1 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 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 3017 0 1 1076 1 1 1 0 0 0 0 1 1 0 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X Mia Alonzo 9096218043 101 South Mills Ave Claremont CA 91711 John Bachmann 0.30 X 0 0 0 Donald Baker 2.50 1.00 X X 0 0 0 Alfred Balitzer 0.40 X 0 0 0 Richard Byrd 0.40 X 0 0 0 Roy Christensen 0.00 X 0 0 0 Carolyn Denham 0.70 X X 0 0 0 Jonathan Dolgen 0.40 X 0 0 0 Richard Falk 0.30 X X 0 0 0 Priscilla Fernandez 0.70 X X 0 0 0 Michael Johnston 0.80 X 0 0 0 John Llewellyn 0.70 X 0 0 0 Mohannad Malas 0.80 X X 0 0 0 Thomas O'Donnell 1.50 X X 0 0 0 Dian Ogilvie 0.10 X 0 0 0 Mashi Rahmani 0.60 X 0 0 0 Virgil Roberts 0.50 X 0 0 0 Michael Rossi 1.00 X X 0 0 0 Stephen Rountree 0.10 X 0 0 0 Beverly Ryder 0.60 X 0 0 0 Robert Schult 0.60 X 0 0 0 Megan Scott-Kukares 0.80 X 0 0 0 Sung Won Sohn 0.70 X X 0 0 0 Elliot Stein 0.60 X X 0 0 0 Marilyn Sutton 0.90 X X 0 0 0 Marshall Taylor 0.50 X 0 0 0 Douglas West 1.30 X X 0 0 0 Deborah Freund 40.00 1.60 X 425976 0 132284 Jacob Adams 40.00 X 261566 0 43053 Steven Garcia 40.00 0.60 X 247249 0 25866 Robert D Calvo 40.00 0.60 X 111206 0 38867 Mia Alonzo 4.00 20.00 X 0 117221 26370 Stewart Donaldson 40.00 X 315816 0 46658 Carl Johnson 40.00 X 307278 0 45898 Bernard Jaworski 40.00 X 328674 0 41735 Frederic Siegel 40.00 X 166924 0 104718 Robert Klitgaard 40.00 X 226822 0 63857 Jay Prag IV 40.00 X 248543 0 27333 Thomas Horan 40.00 X 225695 0 44725 Richard Wartzman 40.00 X 228846 0 42728 Yi Feng 40.00 X 198361 0 37642 3292956 117221 721734 97 1 1 0 New Providence Asset Mgmt 570 Lexington Ave 19th Floor New York NY 10022 Investment Management 739891 Agape Employment Inc 7365 Carnelian St 216 Rancho Cucamonga CA 91730 Temporary Employment Agency 207156 Ellucian Company LLP 62590 Collections Drive Chicago IL 60693 Management Services 187277 Moss Adams LLP PO Box 2147 Seattle WA 981112147 Accounting/Tax 161156 Gourmet Gourmet Catering Inc 28 N Benson Avenue Upland CA 91786 Food Service 149439 8 3075 525000 487924 6817371 84537 7833370 Tuition and fees 900099 50146362 50146362 Fed grants & contracts 900099 6362688 6362688 Auxiliary services 900099 2236433 2236433 58745483 2611522 645331 1966191 95231248 90685760 4545488 4545488 4545488 2025 3075 22268 -20243 -20243 Other sources 900099 1135495 1135495 1135495 74851115 58745483 645331 7626931 12657799 12657799 2704177 2019422 550950 133805 493877 493877 31188272 27157852 2833034 1197386 2849649 2590697 126962 131990 2445234 2160912 185779 98543 2013449 1809925 112690 90834 209348 33953 175395 137112 137112 1432557 13568 1418989 1940402 1926964 13438 1668378 1407012 172963 88403 1469147 1158838 271792 38517 549135 549135 8375 7982 295 98 1795694 1686300 88342 21052 1627644 1542284 30644 54716 160490 130164 16586 13740 2846022 2800435 8275 37312 4549536 2826246 1718875 4415 2611616 2611616 198898 198898 Grant subcontracting 825753 825753 Noncapital equipment 347998 213507 134491 Food and housing 285928 285928 Printing and Publicatio 280487 216803 36086 27598 1287322 938612 308757 39953 78584299 67516449 9076050 1991800 806527 1436531 11912922 13829995 9157733 8046516 2017651 2947186 1962228 2160750 98243656 25036287 74651370 73207369 127870865 135265485 23488322 22419459 1664856 1560806 377745 445010 253910219 261319107 9919177 10146999 2918470 3129057 53461195 51328623 1158423 883652 5570862 4938572 73028127 70426903 X 30584864 32818337 35038205 41902516 115259023 116171351 180882092 190892204 253910219 261319107 X -3733184 14403758 -660462 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 697694 X 0 154238641 218927 17208875 162516 6880880 741057 163881990 163414684 1162794 -1940944 142283 7466467 789143 154238641 144903509 823903 26074077 123941 7691023 571841 163414684 135140171 16364 17253699 125336 7145060 236329 144903509 184107737 1042545 -41342221 162689 8326115 179086 135140171 0.14700 0.65750 0.19550 1 0 53613 16088793 16142406 70163954 20332681 49831273 6122101 2230448 3891653 4481267 2473158 2008109 1333928 1333928 73207369 Limited partnerships - alternative assets 11726877 F Funds held in trust by others 10119101 F Trust deed loans 220661 F Other assets 352820 F 22419459 Liability for staff retirement 735790 Annuities payable 1855595 Government advances for student loan 1662906 Asset retirement obligation 684281 4938572 X 75675726 14403759 1216911 15620670 60055056 1418533 13377526 14796059 74851115 65055839 22268 22268 65033571 1418533 12132195 13550728 78584299 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 four 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); The Capital Group Collection on loan to CGU through the Capital Group Foundation; 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. Description of Intended Use of Endowment Funds: 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. Description of Uncertain Tax Positions Under FIN 48: Part X, Line 2: The University had no unrecognized tax benefits at June 30, 2013 and 2012. The University is no longer subject to income tax examinations by taxing authorities for years before 2009 for its federal filing and for years before 2008 for its state filings. Part XI, Line 2d - Other Adjustments: Blais Foundation income included in financial statement 300,967. Actuarial adjustment 416,307. Comprehensive pension loss 477,369. Special event expenses 22,268. Part XI, Line 4b - Other Adjustments: Student financial aid 12,132,195. Income from K-1s 645,331. Distribution from Blais removed in consolidation 525,000. Adjustment to contributions receivable 75,000. Part XII, Line 2d - Other Adjustments: Special event expenses 22,268. Part XII, Line 4b - Other Adjustments: Student financial aid 12,132,195. 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 Claremont Graduate University nondiscrimination policy is publicized in catalogues, promotional brochures and on the school's website. Explanation of Government Financial Assistance Schedule E, Part I, Line 6 Claremont Graduate University participates in the College Work-Study and Perkins Loan programs. 1 East Asia and the Pacific - 0 0 Program Services educational program (for credit course) focused on multi-dimensional aspects of global business in Asia 62028 Central America and the Caribbean - 0 0 Program Services educational program (for credit course) focused on multi-dimensional aspects of global business and sustainability 66850 Central America and the Caribbean 0 0 Investments 66760433 North America 0 0 Investments 372561 Europe (Including Iceland & Greenland) 0 0 Investments 5353199 Middle East and North Africa 0 0 Investments 629418 0 0 0 0 0 0 73244489 0 73244489 1 0 0 0 1 0 1 Student Financial Aid 1368 12657799 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, 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 0 1 X X X 0 1 0 0 0 0 0 0 0 Deborah Freund 398769 0 25000 0 2207 0 52798 0 79486 0 558260 0 0 0 Jacob Adams 235104 0 25000 0 1462 0 26624 0 16429 0 304619 0 0 0 Steven Garcia 225635 0 20000 0 1614 0 25292 0 574 0 273115 0 0 0 Robert D Calvo 110078 0 0 0 1128 0 12733 0 26134 0 150073 0 0 0 Stewart Donaldson 289320 0 25000 0 1496 0 27798 0 18860 0 362474 0 0 0 Carl Johnson 304546 0 0 0 2732 0 27380 0 18518 0 353176 0 0 0 Bernard Jaworski 328674 0 0 0 0 0 24547 0 17188 0 370409 0 0 0 Frederic Siegel 166924 0 0 0 0 0 21450 0 83268 0 271642 0 0 0 Robert Klitgaard 226822 0 0 0 0 0 24228 0 39629 0 290679 0 0 0 Jay Prag IV 248543 0 0 0 0 0 22250 0 5083 0 275876 0 0 0 Thomas Horan 224430 0 0 0 1265 0 25091 0 19634 0 270420 0 0 0 Richard Wartzman 188406 0 40000 0 440 0 21192 0 21536 0 271574 0 0 0 Yi Feng 197421 0 0 0 940 0 22433 0 15209 0 236003 0 0 0 Part I, Line 1a The President (D Freund) received the following benefits: First-Class travel (non-taxable), Housing (non-taxable, non gross-up), and Social Club Dues (non-taxable). The Dean of Enrollment Management received the following benefit: Housing (non-taxable). Part I, Line 4b The President (D Freund) participates in a 457(f) plan. A contribution of $25,000 was made during the 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. A California Educational Facilities Authority 521705592 130178QJ8 2008-08-21 15074351 Acquisition, construction, improvement, and equipment of certain facilities 0 0 0 B California Educational Facilities Authority 521705592 130178ET9 2007-02-15 37337930 Construct new housing for graduate students at the University 0 0 0 A 115000 15427866 959514 920721 169320 14299032 1 0 1 1 B 39077159 709342 318527 38049290 2009 0 0 1 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 0 1 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: 03/03/2011 Issuer Name: California Educational Facilities Authority Date the Rebate Computation was Performed: 03/03/2011 Part II, Line 3 The difference between part II, line 3 and and issue price is due to investment income. X 2 1 SEE PART II X 1 SEE PART II X 10 84534 FMV X Baby Grand Piano 1 1 SEE PART II 0 0 1 0 Non Reporting of Revenue: Part I, Line 33: The University received a painting entitled "Abstract Collage", 680 reference books & papers on the subject of Public Health, and a Baby Grand Piano, for which no appraisal was obtained. Each of these 3 donations were recorded as revenue on the financial statements for $1. 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 Senior Vice President for Finance & Administration/Treasurer (SVP/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 SVP/Treasurer the existence of any relationship that may be deemed direct or indirect conflicts 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 SVP/Treasurer monitor for conflict of interest throughout the calendar year. On an annual basis the SVP/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 In the Spring 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. The Executive Committee or the Compensation Committee (a sub-committee appointed by the Executive Committee) gathers information from stakeholders regarding the President's performance, and the President presents a self-evaluation to the Executive Committee. After review and discussion of the data by the Executive Committee, the Executive Committees 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, Senior 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. In the Spring 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 (Academic Deans). The comparability compensation data, along with written performance evaluations and salary recommendations, are presented to the Executive Committee and President for review and discussion. After review and discussion by the Executive Committee and the President, compensation is determined and approved for each senior administrator and other key employees. Minutes of the Committee meetings and the analyses are kept confidential, limited to the Board of Trustees, the President, Senior Vice President for Finance and Administration, and the Associate Vice President for Human Resources. 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. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 9: Actuarial adjustment 416,307. Pension gain/(loss) 477,369. Income from K-1s -645,331. Blais Foundation - change in unrealized loss -833,807. Adjustments to contributions receivable -75,000. 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 (2) 101 South Mills Ave Claremont CA 91711 Holdings CA Claremont Graduate University T 0 Pooled Income Funds (6) 101 South Mills Ave Claremont CA 91711 Holdings CA Claremont Graduate University T 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 Blais Foundation C 525000 Book/Actual Value