2013-05-15T09:46:18-05:00 2012-06-30 910189318 Moss Adams LLP 3121 West March Lane Suite 100 Stockton CA 952192303 990 2011-07-01 951664100 Claremont Graduate University CLAR 9096218043 150 E Tenth Street Claremont CA 91711 Mia Alonzo 9096218043 2013-05-09 1 TRACY S PAGLIA P00366884 2099556100 2011 2016-02-24 21:20:13Z DEBORAH A FREUND 150 E Tenth Street Claremont CA 91711 141742432 0 X www.cgu.edu X 1925 CA An independent institution that awards master's and doctoral degrees in 22 disciplines. 26 25 1468 35 601256 590580 10310248 6366568 58093840 57502391 17184657 2855575 1784094 980762 87372839 67705296 11389312 11124842 0 0 39606640 41795432 0 0 2187072 24790159 25060252 75786111 77980526 11586728 -10275230 265058338 253910219 69480964 73028127 195577374 180882092 X None. See Schedule O for additional information.The Board of Trustees discussed but did not approve the following mission statement: "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". Board approval of the mission statement is pending and will be recommended for approval during the May 2013 meeting. 0 0 66592278 11124842 57502391 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. 66592278 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 0 0 0 0 1 1 1 0 0 1 3140 0 1 1468 1 1 1 0 0 0 0 1 1 1 0 0 0 0 X 26 25 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 X John W Bachmann 0.30 X 0 0 0 Donald P Baker 2.10 X 0 0 0 Alfred Balitzer 0.40 X 0 0 0 Richard D Byrd 0.40 X 0 0 0 Carolyn H Denham 0.70 X 0 0 0 Jonathan L Dolgen 0.40 X 0 0 0 Richard S Falk Jr 0.80 X 0 0 0 Priscilla Fernandez 0.70 X 0 0 0 Michael J Johnston 0.80 X 0 0 0 John F Llewellyn 0.70 X 0 0 0 Mohannad S Malas 0.60 X 0 0 0 Thomas J O'Donnell 0.70 X 0 0 0 Mashi Rahmani 0.60 X 0 0 0 Virgil P Roberts 0.50 X 0 0 0 Michael E Rossi 0.60 X 0 0 0 Stephen Rountree 0.10 X 0 0 0 Beverly P Ryder 0.60 X 0 0 0 Sung Won Sohn 0.70 X 0 0 0 Elliot H Stein Jr 0.50 X 0 0 0 Marshall W Taylor 0.50 X 0 0 0 Douglas M West 0.70 X 0 0 0 Marilyn P Sutton PhD 0.70 X 0 0 0 Deborah Freund 40.00 X X 426896 0 135687 Roy E Christensen 0.00 X 0 0 0 Megan Scott-Kukares 0.80 X 0 0 0 Richard Medley 0.00 X 0 0 0 Steven Garcia 40.00 X 262509 0 27838 Robert D Calvo 40.00 X 111145 0 40498 Mia Alonzo 4.00 X 0 113393 25976 Jacob Adams 40.00 X 196053 0 37823 Stewart Donaldson 40.00 X 288309 0 44264 Carl Johnson 40.00 X 323087 0 47088 Hideki Yamawaki 40.00 X 239073 0 49116 Yi Feng 40.00 X 229101 0 81274 Richard Wartzman 40.00 X 225620 0 44560 Thomas Horan 40.00 X 224251 0 43519 Robert Klitgaard 40.00 X 249126 0 47240 Jay Prag IV 40.00 X 246546 0 31376 3021716 113393 656259 84 1 1 0 New Providence Asset Mgmt 570 Lexington Ave 19th Floor New York NY 10022 Investment Management 789143 Ellucian Company LLP 62590 Collections Drive Chicago IL 60693 Consulting 291859 Agape Employment Inc 7365 Carnelian St 218 Rancho Cucamonga CA 91730 Temporary Employment Agency 262409 Christopher D Payne 14207 SW Koven Ct Tigard OR 97224 Consulting 160511 Gourmet Gourmet Catering Inc 28 N Benson Avenue Upland CA 91786 Food Service 142851 9 450 150000 830454 5385664 1083721 6366568 Tuition and fees 900099 47597093 47597093 Fed grants & contracts 900099 7697654 7697654 Auxiliary services 900099 2207644 2207644 57502391 1865771 601256 1264515 68827785 6186721 68970541 5054161 -142756 1132560 989804 989804 6750 450 12434 -5684 -5684 Other sources 900099 986446 986446 986446 67705296 57502391 601256 3235081 11124842 11124842 1840202 1267164 487541 85497 547339 547339 32102164 28043580 2774155 1284429 2526251 2228832 179471 117948 2757778 2554754 89613 113411 2021698 1766073 163713 91912 94817 23408 71409 153435 153435 1391020 9675 1381345 2001202 1626358 244796 130048 1556616 1272413 204199 80004 1910773 1621997 242924 45852 521751 518787 2964 19503 19126 271 106 2127851 1997104 105446 25301 1666571 1586871 34978 44722 203489 176018 22777 4694 2844302 2713760 85928 44614 4550465 2795090 1750339 5036 2437866 2303239 96894 37733 179680 179680 Grant subcontracting 865211 865211 Food and housing 482932 482932 Printing and Publicatio 388972 293516 70866 24590 Noncapital equipment 378381 304708 73172 501 1285415 968268 269437 47710 77980526 66592278 9201176 2187072 395959 806527 12794852 11912922 10800110 9157733 1488599 2017651 1652193 1962228 97076038 22424668 74591270 74651370 43668623 127870865 117637652 23488322 1698732 1664856 330348 377745 265058338 253910219 5253653 9919177 3156038 2918470 53996043 53461195 1280282 1158423 5794948 5570862 69480964 73028127 X 37955669 30584864 44138696 35038205 113483009 115259023 195577374 180882092 265058338 253910219 X -10275230 -4420052 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 697694 X 0 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 0.13820 0.69570 0.16610 1 0 358329 15788793 16147122 69730751 18735540 50995211 6122102 1991814 4130288 4481266 1697314 2783952 594797 594797 74651370 Limited partnerships - alternative assets 13739392 F Funds held in trust by others 9287393 F Trust deed loans 155715 F Other assets 305822 F 23488322 Liability for staff retirement 1316098 Annuities payable 1879291 Government advances for student loan 1723322 Asset retirement obligation 652151 5570862 67705296 77980526 -10275230 -3901091 -518961 -4420052 -14695282 51159157 -3901091 613919 -3287172 54446329 1372143 11886824 13258967 67705296 66077646 12434 12434 66065212 1372143 10543171 11915314 77980526 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: In accordance with provisions of GAAP, the University had no unrecognized tax benefits at June 30, 2012 and 2011. Part XI, Line 8 - Other Adjustments: Actuarial adjustment 381,804. Pension gain/(loss) -592,397. Income from K-1s -601,256. Blais Foundation - change in unrealized loss 292,888. Total to Schedule D, Part XI, Line 8: -518,961. Part XII, Line 2d - Other Adjustments: Blais Foundation income included in financial statement 219,681. Actuarial adjustment 381,804. Special event expenses 12,434. Part XII, Line 4b - Other Adjustments: Student financial aid 10,543,171. Income from K-1s 601,256. Distribution from Blais removed in consolidation 150,000. Comprehensive pension loss 592,397. Part XIII, Line 2d - Other Adjustments: Special event expenses 12,434. Part XIII, Line 4b - Other Adjustments: Student financial aid 10,543,171. 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 focused on multi-dimensional aspects of global strategy and trade 82135 Central America and the Caribbean 0 0 Program Services Educational program focused on multi-dimensional aspects of global strategy and trade 71391 Europe (Including Iceland & Greenland) 0 0 Investments 3912154 Central America and the Caribbean 0 0 Investments 71321272 North America 0 0 Investments 1268181 South America 0 0 Investments 266409 0 0 0 0 0 0 76921542 0 76921542 1 0 0 0 1 0 1 Student Financial Aid 643 11124842 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 398816 0 25000 0 3080 0 69298 0 66389 0 562583 0 0 0 Steven Garcia 242029 0 20000 0 480 0 27264 0 574 0 290347 0 0 0 Robert D Calvo 109585 0 0 0 1560 0 12560 0 27938 0 151643 0 0 0 Jacob Adams 196053 0 0 0 0 0 21525 0 16298 0 233876 0 0 0 Stewart Donaldson 261909 0 25000 0 1400 0 27222 0 17042 0 332573 0 0 0 Carl Johnson 303174 0 16000 0 3913 0 27264 0 19824 0 370175 0 0 0 Hideki Yamawaki 239073 0 0 0 0 0 23048 0 26068 0 288189 0 0 0 Yi Feng 228401 0 0 0 700 0 27264 0 54010 0 310375 0 0 0 Richard Wartzman 184970 0 40000 0 650 0 21399 0 23161 0 270180 0 0 0 Thomas Horan 223251 0 0 0 1000 0 24164 0 19355 0 267770 0 0 0 Robert Klitgaard 249126 0 0 0 0 0 27264 0 19976 0 296366 0 0 0 Jay Prag IV 246546 0 0 0 0 0 25323 0 6053 0 277922 0 0 0 Part I, Line 1a The President received the following benefits: Housing (non-taxable, non-gross up); Social Club Dues (non-taxable); and First-Class Travel (non-taxable). The Provost/VP of Academic Affairs received the following benefit: Housing (non-taxable). Part I, Line 1b There is no formal written policy pertaining to housing; however, provisions are included in certain contracts. Part I, Line 4b The President participates in a 457(f) plan. A contribution of $16,500 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. California Educational Facilities Authority 521705592 130178QJ8 2008-08-21 15074351 Acquisition, construction, improvement, and equipment of certain facilities 0 0 0 California Educational Facilities Authority 521705592 130178ET9 2007-02-15 37337930 Construct new housing for graduate students at the University 0 0 0 15471374 959514 920721 169320 13421819 1 0 1 1 39077159 709342 318527 38049290 2009 0 0 1 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 X Part II, Line 3 The difference between part II, line 3 and and issue price is due to investment income. X 12 1082223 FMV X Computer equipment 2 1498 FMV 0 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 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 The organization's audited financial statements are available upon request from the Treasurer's Office. The organization's governing/organizing documents are not made available to the public. The organization's conflict of interest policy is available on the organization's website. Hours per week devoted to related organizations: Form 990, Part VII, Section A: Donald Baker devotes 1 hour per week to Claremont University Consortium. Deborah Freund devotes 1 hour per week to Claremont University Consortium and .6 hour per week to Blais Foundation. Mia Alonzo devotes 20 hours per week to Claremont University Consortium. Steven Garcia, Robert D. Calvo and Jacob Adams each devote .6 hours per week to Blais Foundation. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized losses on investments: -3,901,091. Actuarial adjustment 381,804. Pension gain/(loss) -592,397. Income from K-1s -601,256. Blais Foundation - change in unrealized loss 292,888. Total to Form 990, Part XI, Line 5: -4,420,052. 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 Pooled Income Funds (6) 101 South Mills Ave Claremont CA 91711 Holdings CA Claremont Graduate University T 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 Blais Foundation C 150000 Book/Actual Value