2012-05-11T16:32:21-05:00 2011-06-30 Moss Adams LLP 3121 W March Lane Stockton CA 95219 990 2010-07-01 952261113 Pitzer College PITZ 9096218043 1050 N Mills Avenue Claremont CA 917116101 Yuet K Lee 9096218043 2012-05-01 1 TRACY S PAGLIA 2099556100 2010 2016-02-24 21:20:13Z Laura Skandera Trombley 1050 N Mills Avenue Claremont CA 917116101 152954954 0 X www.pitzer.edu X 1963 CA Pitzer College is an educational institution focusing on undergraduate education. 37 36 1060 292 0 0 3684067 7968212 51499958 54794801 10551475 6883231 228898 369722 65964398 70015966 11177160 12308590 0 0 24092865 24909097 0 0 1409194 22514109 24363624 57784134 61581311 8180264 8434655 216681047 240043509 95645874 97576066 121035173 142467443 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 54021306 12308590 54794801 Pitzer College is an educational institution focusing on undergraduate education. The undergraduate full time equivalent enrollment for the year was 1,034 students. 54021306 1 1 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 1 1 1 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 1733 0 1 1060 1 1 1 1 NP IT CS 0 0 0 0 0 0 0 0 X 37 36 1 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 X Hirschel B Abelson 4.20 X 0 0 0 Martin B Adelstein 1.00 X 0 0 0 Bridget Baker 1.30 X 0 0 0 Robert Bookman 1.50 X 0 0 0 Donnaldson Brown 1.00 X 0 0 0 Harold Brown 2.00 X 0 0 0 William G Brunger 1.00 X X 0 0 0 S Mohan Chandramohan 1.00 X 0 0 0 Claudio Chavez 1.00 X 0 0 0 Richard Cook 1.00 X 0 0 0 Richard D'Avino 4.00 X 0 0 0 Susan Dolgen 1.00 X 0 0 0 Vicki Kates Gold 1.00 X 0 0 0 Donald P Gould 1.00 X 0 0 0 Gilbert V Gonzales 1.00 X 0 0 0 Johnathan P Graham 2.00 X 0 0 0 Susan Hollander 1.00 X 0 0 0 Deborah Bach Kallick 1.00 X 0 0 0 Katherine Cone Keck 1.00 X 0 0 0 Edward Kislinger 1.00 X 0 0 0 Robin Kramer 4.00 X X 0 0 0 John Landgraf 1.00 X 0 0 0 Julie Mazer 1.00 X 0 0 0 Joyce Ostin 1.00 X 0 0 0 Arnold Palmer 1.00 X 0 0 0 Shana Passman 1.00 X 0 0 0 Ann E Pitzer 1.00 X 0 0 0 Russell M Pitzer 1.00 X 0 0 0 Paula B Pretlow 1.00 X 0 0 0 Susan S Pritzker 1.00 X 0 0 0 Alissa Okuneff Roston 1.00 X 0 0 0 Steven R Scheyer 1.00 X 0 0 0 Margot Levin Schiff 1.00 X 0 0 0 William D Sheinberg 1.00 X 0 0 0 TD Smith 1.00 X 0 0 0 Shahan Soghikian 1.00 X 0 0 0 Lisa Specht 4.00 X 0 0 0 Eugene P Stein 1.00 X 0 0 0 Charlie Woo 2.00 X 0 0 0 Laura Trombley 40.00 X 789314 0 92800 Yuet Lee 40.00 X 202636 0 24971 Lori Yoshino 40.00 X 112914 0 23291 Jennifer Berkley 40.00 X 88358 0 15486 Mia Alonzo 4.00 X 0 114636 21755 Alan Jones 40.00 X 201877 0 32015 Arnaldo Rodriguez 40.00 X 153613 0 23756 Dennis Trotter 40.00 X 242967 0 48416 James Marchant 40.00 X 136425 0 25810 Thomas Ilgen 40.00 X 257736 0 23323 Jose Calderon 40.00 X 200202 0 16734 Stephen Glass 40.00 X 143028 0 25784 Albert Wachtel 40.00 X 142668 0 26089 Leah Light 40.00 X 136827 0 16593 2672140 114636 391013 39 0 1 0 Bon Appetit Inc File 50196-Ground Level Los Angeles CA 90074 Food Service 2229164 Pankow Special Projects LP 3280 E Foothill Bld Ste 110 Pasadena CA 91107 Architect 2200193 Carrier Johnson 1301 Third Avenue San Diego CA 92101 Architect 1452919 Jonescape Construction 8950 Monte Vista Ave Montclair CA 91763 Landscaping Services 526824 PCL Construction Services Inc 700 N Central Ave STE 700 Glendale CA 91203 Construction 450079 13 641928 7326284 157864 7968212 Tuition and fees 611600 42391104 42391104 Auxiliary enterprises 611710 11214128 11214128 Summer conferences 611710 1121886 1121886 Private contracts 900099 49572 49572 Interest-student loans 611710 18111 18111 54794801 4336193 4336193 20946 20946 85465080 82938988 2526092 2526092 2526092 Other sources 900099 369722 369722 369722 70015966 54794801 0 7252953 12308590 12308590 2244931 1036685 919710 288536 16707188 15112423 1047525 547240 2400716 2039142 256935 104639 2261077 1932460 226518 102099 1295185 1100116 138616 56453 239188 86465 152462 261 121893 5062 116831 150216 150216 442243 442243 727326 723368 3381 577 541729 497044 6948 37737 1862866 1370556 358712 133598 329741 66869 262872 1081355 1017758 32715 30882 1045694 956384 41404 47906 256144 202978 52495 671 4050946 4013726 37220 7240913 5765563 1466929 8421 2363673 2239737 123936 169066 1583 167483 Food and housing 2661483 2661375 108 Building repair 715671 672527 36436 6708 Books & periodicals 19808 17278 304 2226 343669 193617 108812 41240 61581311 54021306 6150811 1409194 414851 382424 16970152 16884936 1122775 2885699 2185713 1770076 71951 69948 253916 224862 2165800 2414214 88342229 27029326 53095699 61312903 66831958 82328663 66534622 64447275 5125581 5196871 1908029 2125638 216681047 240043509 5910851 8303857 2202846 2174746 80499595 80282162 382835 504096 6649747 6311205 95645874 97576066 X 78728787 90550434 13333983 21569474 28972403 30347535 121035173 142467443 216681047 240043509 X 8434655 12997615 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 94577476 3121095 18094407 237969 1385016 114169993 77463651 6467107 10646718 94577476 100192897 4705127 -22743132 810580 3880661 77463651 0.61940 0.24160 0.13900 0 0 1096724 1096724 81094310 22601294 58493016 6151195 4428032 1723163 61312903 Funds held in trust by others 33745192 F Limited Partnerships 21718610 F Hedge fund Investments 8983473 F 64447275 Government advances for student loans 3163324 Annuities payable 219243 Early retirement liability 2040988 Asset retirement obligation 887650 6311205 70015966 61581311 8434655 12545932 451683 12997615 21432270 70262748 12545932 451683 12997615 57265133 442243 12308590 12750833 70015966 48865913 35435 35435 48830478 442243 12308590 12750833 61581311 Description of Intended Use of Endowment Funds: 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. In fiscal year 2010, the Board of Trustees voted to forgo spending income from the endowment for fisal year 2011 and all earnings were reinvested. Description of Uncertain Tax Positions Under FIN 48: Part X: In accordance with provisions of generally accepted accounting principles, the College had no uncertain tax positions and/or obligations at June 30, 2011 and 2010. Part XI, Line 8 - Other Adjustments: Actuarial adjustment 17,725. Staff retirement plan comprehensive loss 433,958. Part XII, Line 2d - Other Adjustments: Actuarial Adjustments 17,725. Staff retirement plan comprehensive loss 433,958. Part XII, Line 4b - Other Adjustments: Student Financial aid 12,308,590. Part XIII, Line 2d - Other Adjustments: Expenses reported on Pitzer COllege Costa Rica's return 35,435. Part XIII, Line 4b - Other Adjustments: Student Financial aid 12,308,590. 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 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 Explanation of Government Financial Assistance Schedule E, Part I, Line 6 Pitzer College participates in the Pell Grant, Supplemental Educational Opportunity Grant, ACG, Cal Grants, SMART grants, College Work-Study and Perkins Loan programs. South Asia 1 1 Program services Education 361983 Europe 1 1 Program services Education 181861 Central America and the Caribbean 1 0 Program services Education 297454 Sub-Saharan Africa 1 0 Program services Education 207702 East Asia and the Pacific 1 0 Program services Education 115123 South America 1 0 Program services Education 183918 Central America and the Caribbean 0 0 Investments 8654871 6 2 0 0 6 2 10002912 0 10002912 1 0 0 0 0 0 Procedure for Monitoring Grants Outside the U.S.: Schedule F, 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. 1 Institutional Grant Aid 497 12135239 Supplemental Educational Opportunity Grant 70 173351 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, 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 Trombley 414678 0 0 0 374636 0 45900 0 46900 0 882114 0 0 0 Yuet Lee 201316 0 0 0 1320 0 24300 0 671 0 227607 0 0 0 Alan Jones 188662 0 0 0 13215 0 24540 0 7475 0 233892 0 0 0 Arnaldo Rodriguez 145140 0 0 0 8473 0 18619 0 5137 0 177369 0 0 0 Dennis Trotter 211592 0 0 0 31375 0 26930 0 21486 0 291383 0 0 0 Thomas Ilgen 241809 0 0 0 15927 0 15039 0 8284 0 281059 0 0 0 Jose Calderon 199667 0 0 0 535 0 12153 0 4581 0 216936 0 0 0 Stephen Glass 139901 0 0 0 3127 0 17539 0 8245 0 168812 0 0 0 Albert Wachtel 139267 0 0 0 3401 0 17192 0 8897 0 168757 0 0 0 Leah Light 124109 0 0 0 12718 0 16084 0 509 0 153420 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 Pitzer-owned house as part of her contract. All maintenance expenses related to the house are paid by Pitzer. Part I, Line 4b Part II, line 4b: 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. California Educational Facilities Authority Series 2009 521705592 130178UR5 2009-11-18 63724597 Facility construction & improvement, refinance CEFA Series 1999 and 2005B 0 0 0 California Educational Facilities Authority Series 2005A 521705592 1301754Q2 2005-04-29 16335084 Facility construction & improvement 0 0 0 California Educational Facilities Authority Series 2005B 521705592 1301754R0 2005-04-29 20575000 Facility construction & improvement 1 0 0 63779554 33120219 275206 792003 6035829 0 1 0 1 18499925 241084 18250266 2010 0 0 1 1 2010000 18565000 21965516 221021 55000 9452 19834743 2008 0 0 1 1 0 0 0 0 1 0.00000 0.00000 1 0 0 0 0 1 0.00000 0.00000 1 0 0 0 0 1 0.00000 0.00000 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 Part II, Line 3, Column A, B and C Explanation of difference between line 3 and issue price: Interest income and gain/loss. Dennis Trotter Mortgage X 75000 69948 0 1 1 69948 X 20 147369 FMV 0 0 1 1 Third Party Use: Part I, Line 32b: Morgan Stanley Smith Barney is used to sell stock gifts for Pitzer College. Form 990, Part VI, Section A, line 2 Alan Jones, VP/Dean of Faculty and Jennifer Berkley, Secretary to the Board of Trustees are married. 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. During the last year, 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 Hours per week devoted to related organizations: Laura Trombley devotes 1 hour per week to Claremont University Consortium and 1 hour per week to Pitzer College Costa Rica. Yuet Lee devotes 1 hour per week to Pitzer College Costa Rica. Jennifer Berkley devotes 1 hour per week to Pitzer College Costa Rica. Robin Kramer devotes 1 hour per week to Claremont University Consortium. Mia Alonzo devotes 20 hours per week to Claremont University Consortium and 1 hour per week to Pitzer College Costa Rica. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized gains on investments: 12,545,932. Actuarial adjustment 17,725. Staff retirement plan comprehensive loss 433,958. Total to Form 990, Part XI, Line 5: 12,997,615. 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0