2011-05-13T13:40:33-05:00 2010-06-30 SINGERLEWAK LLP 10960 WILSHIRE BLVD SUITE 700 LOS ANGELES CA 900243783 990 2009-07-01 951664112 POMONA COLLEGE POMO 9096218135 550 N College Avenue Claremont CA 917114434 Karen L Sisson 9096218135 2011-05-12 1 Lior Temkin 3104773924 2011-05-12 2009 2016-02-24 21:20:13Z David Oxtoby 550 N College Avenue Claremont CA 917114434 944291000 0 X WWW.POMONA.EDU X 1887 CA Pomona College is an independent, coeducational liberal arts institution dedicated to the pursuit of knowledge and understanding through the study of the sciences and the humanities. 38 37 2618 743 -3196560 -3196560 29999000 25368000 73683000 76654000 -20565000 52193000 0 7000 83117000 154222000 25447000 26125000 0 0 65251000 64140000 24000 21000 6957000 60347000 58675000 151069000 148961000 -67952000 5261000 1959498000 2105313000 307507000 319294000 1651991000 1786019000 Throughout its history, Pomona College has educated men and women of exceptional promise. We gather students, regardless of financial circumstances, into a small residential community that is strongly rooted in Southern California yet global in its orientation. Through close ties among a diverse group of faculty, staff and classmates, Pomona students are inspired to engage in the probing inquiry and creative learning that enable them to identify and address their intellectual passions. This experience will continue to guide their contributions as the next generation of leaders, scholars, artists and citizens. 0 0 134430000 26125000 76661000 Higher Education: The Colleges academic program encompasses all major fields of the arts, humanities, natural sciences, and social sciences. Learning is encouraged through theory-building and empirical research, historical and linguistic analysis, inquiry and ethical debate. Pomona College's liberal arts curriculum, small classes, residential campus, and sophisticated laboratories and studios prepare students for lives of personal fulfillment and social responsibility in a global context. Pomona graduates not only receive excellent lifelong preparation for a variety of careers, but are encouraged to develop the rational discrimination, aesthetic appreciation, compassion, and understanding that only knowledge can foster. Pomona offers 45 majors in the natural sciences, humanities, social sciences and fine arts. Students may also take courses at any of the other Claremont Colleges. The most popular majors over the past five years have been Economics, English, Politics, Psychology, Biology, History, Neuroscience, International Relations, Media Studies, Mathematics, Public Policy Analysis, and Chemistry. Also common are interdisciplinary majors, double majors and individual special majors, crafted by the student with guidance from faculty. Whatever the major, Pomona's curriculum is designed to train the mind broadly and deeply. First-year students delve into a Critical Inquiry seminar to develop skills in critical thinking, analysis and writing. The College offers 600 classes each year, and students also have access to the more than 2,500 classes at The Claremont Colleges. 134430000 1 1 0 1 0 0 1 1 1 1 1 0 1 0 1 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 2459 0 1 2618 1 1 1 0 0 0 0 0 0 0 0 38 37 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X Mary Lou Woods 9096218135 550 N COLLEGE AVE CLAREMONT CA 917114434 Lucila Arango 5.00 X 0 0 0 Libby Armintrout 5.00 X 0 0 0 Andrew Barth 5.00 X 0 0 0 W Benton Boone 5.00 X 0 0 0 Louise H Bryson 5.00 X 0 0 0 Jeanne M Buckley 5.00 X 0 0 0 Bernard Chan 5.00 X 0 0 0 Chris P Dialynas 5.00 X 0 0 0 A Redmond Doms 5.00 X 0 0 0 Jennifer A Doudna 5.00 X 0 0 0 Ranney E Draper 5.00 X 0 0 0 Christine Eberhardt 5.00 X 0 0 0 Paul F Eckstein 5.00 X 0 0 0 Paul S Efron 5.00 X 0 0 0 Mark H Fukunaga 5.00 X 0 0 0 Samuel D Glick 5.00 X 0 0 0 Alexander Gonzales 5.00 X 0 0 0 Scott R Green 5.00 X 0 0 0 Kathrine L Hensley 5.00 X 0 0 0 Terrance G Hodel 5.00 X 0 0 0 Jean Kaplan 5.00 X 0 0 0 William G Keller 5.00 X 0 0 0 Margaret G Lodise 5.00 X 0 0 0 D Scott Olivet 5.00 X 0 0 0 Marylyn P Pauley 5.00 X 0 0 0 John A Payton 5.00 X 0 0 0 Jason Rosenthal 5.00 X 0 0 0 Francine P Scinto 5.00 X 0 0 0 R Carlton Seaver 5.00 X 0 0 0 Michael Segal 5.00 X 0 0 0 Stewart R Smith 5.00 X 0 0 0 Gordon Steel 5.00 X 0 0 0 Derek A Westen 5.00 X 0 0 0 Eileen Wilson-Oyelaran 5.00 X 0 0 0 Craig Wrench 5.00 X 0 0 0 Mark B Wyland 5.00 X 0 0 0 M Lynn Yonekura 5.00 X 0 0 0 David W Oxtoby 40.00 X X 396579 0 78145 Christopher Ponce 40.00 X 250371 0 58123 Teresa Shaw 40.00 X 53794 0 6964 Karen L Sisson 40.00 X 242868 0 48199 Richard Fass 40.00 X 198438 0 49224 Andrew P O'Boyle 40.00 X 189352 0 29878 Robert Robinson 40.00 X 154079 0 28243 Deborah Burke 40.00 X 236692 0 32323 Laura Hoopes 40.00 X 188442 0 37994 gary kates 40.00 X 201067 0 57147 John Norton 40.00 X 200803 0 30226 Gary Smith 40.00 X 224281 0 52370 2536766 0 508836 133 0 1 0 Hathaway Dinwiddie Construction 811 Wilshire Blvd Suite 1500 Los Angeles CA 90017 Construction 7513789 ToveyShultz Construction 18261 Collier Ave Unit A Lake Elsinore CA 92530 Construction 6338239 Claremont University Consortium 150 E Eighth Street Claremont CA 91711 Higher Education 6063238 Sodexo Inc & Affiliates Dept 43283 Los Angeles CA 90088 Food Services 3368794 McEachron Construction 1308 Monte Vista Ave Suite Y Upland CA 91785 Construction 1758946 71 5000 1586000 23777000 2276000 25368000 Tuition & Fees 611310 57846000 57846000 Room & Board 611310 17325000 17325000 Conferences & Faciliti 721000 676000 676000 Sales & Services 611310 555000 555000 Food Services 722320 252000 252000 76654000 8795000 8795000 1678000 1678000 251000 244000 7000 7000 7000 721557000 109988000 706402000 83423000 15155000 26565000 41720000 -3196560 44916560 154222000 76661000 -3196560 55389560 26125000 26125000 2127000 511000 1144000 472000 36000 36000 47646000 44311000 169000 3166000 5163000 4802000 31000 330000 5220000 4640000 53000 527000 3948000 3591000 57000 300000 516000 425000 21000 70000 306000 306000 21000 21000 3913000 3913000 14123000 13816000 123000 184000 544000 430000 114000 7448000 6651000 108000 689000 1599000 1498000 29000 72000 7852000 7762000 38000 52000 1288000 859000 108000 321000 222000 138000 70000 14000 7385000 7385000 11666000 10628000 537000 501000 339000 308000 16000 15000 Annuity payments in exc 827000 827000 Miscellaneous 647000 550000 24000 73000 148961000 134430000 7574000 6957000 25000 25000 74186000 95876000 39511000 46484000 2631000 2608000 1205000 1716000 37916000 36540000 1674000 1666000 446170000 133763000 276161000 312407000 635071000 650174000 891118000 957817000 1959498000 2105313000 28599000 38117000 1520000 1590000 188762000 185525000 14716000 16214000 73910000 77848000 307507000 319294000 X 769713000 829153000 597287000 653466000 284991000 303400000 1651991000 1786019000 1959498000 2105313000 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 1 0 0 1 0 Part II-B, Line 1i: Explanation of Other Lobbying Activities: The organization paid membership dues of $2,967 to NACUBO and $14,574 in dues to the Association of Independent California Colleges and Universities, which may engage in lobbying activities. Therefore, a portion of the membership dues may be attributable to lobbying activities. X X X X 0 0 1 1344542000 26434000 165677000 25822000 47944000 3913000 1458974000 1795212000 9457000 -383340000 25100000 47784000 3903000 1344542000 0.40000 0.18000 0.42000 1 0 3486000 3486000 347638000 101889000 245749000 38521000 31874000 6647000 56525000 56525000 312407000 957817000 F 957817000 life income & annuities obligation 63116000 funds held in trust for others 9656000 government advances for student loans 5076000 77848000 154222000 148961000 5261000 119574000 9193000 128767000 134028000 244061000 119574000 -25822000 93752000 150309000 3913000 3913000 154222000 119226000 0 119226000 3913000 25822000 29735000 148961000 Part III, Line 1a: The College follows a policy not to record or capitalize its art collections. The College's art collections consist of objects of historical and aesthetic significance held for public exhibition and educational purposes. All works in the collection are catalogued, preserved cared for and monitored according to professional museum standards, and are subject to a policy that requires proceeds from de-accession to be used exclusively for acquisition. Part III, Line 4: The fine art collections of Pomona College are housed in the Pomona College Museum of Art at the Montgomery Art Center, which was inaugurated in 1958 and named after the late Gladys K. Montgomery, Pomona trustee and Los Angeles civic leader. Among important holdings are the Kress Collection of 15th- and 16th-century Italian panel paintings; over 5,000 examples of Pre-Columbian to 20th-century American Indian art and artifacts, including basketry, ceramics, and beadwork; and a large collection of American and European prints, drawings, and photographs. In addition to serving as the basis for exhibitions, the collections, which are always available for individual study and research, are frequently used for classes. The Pomona College Museum of Art also is the site of an active program of temporary exhibitions throughout the academic year. These include regular faculty and student shows, as well as historical and contemporary exhibitions designed to complement the Colleges curricula and to expose students to as wide a variety of works of art as possible. All exhibitions open with public receptions and include lectures and related programs for the College community. Part IV, Line 2b: The College has certain revocable trusts that are recognized as funds held in trust for others. Part V, Line 4: Description of Intended Use of Endowment Funds: The Colleges endowment consists of approximately 1,700 individual funds established for a variety of purposes including both donor-restricted endowment funds designated by the Board of Trustees to function as endowments. The College has a policy of appropriating for distribution each year 4.5% to 5.5% of its endowment funds' average fair value over the prior 12 quarters through the September 30th of the preceding fiscal year in which the distribution is planned. These funds are used to further the educational mission of the College. Part X: Description of Uncertain Tax Positions Under FIN 48: FIN 48 text was not included in the Audited Financials due to immateriality of risk. Part XI, Line 8 - Other Adjustments: adjustment for Actuarial Liabilities: 10095000. Comprehensive loss on staff retirement plan: -902000. Part XII, Line 2d - Other Adjustments: Student financial aid: -25822000. Part XIII, Line 4b - Other Adjustments: Student financial aid: 25822000. 1 1 1 All brochures and catalogs sent to the general public contain the college's nondiscriminatory policy. These brochures and catalogs are available on campus for inspection. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 THE COLLEGE RECEIVES VARIOUS GRANTS AND AWARDS FROM FEDERAL AGENCIES FOR RESEARCH PERFORMED BY ITS FACULTY. INFORMATION ABOUT THESE AWARDS IS AVAILABLE FROM THE FEDERAL AUDIT CLEARINGHOUSE. 1 Europe (including Iceland & Greenland) 0 0 PROGRAM SERVICES STUDY ABROAD PROGRAM 0 East Asia & the Pacific PROGRAM SERVICES Study abroad program and promotion of Pomona College to recruit students Middle East & North Africa PROGRAM SERVICES STUDY ABROAD PROGRAM Central America & the Caribbean PROGRAM SERVICES STUDY ABROAD PROGRAM South America PROGRAM SERVICES STUDY ABROAD PROGRAM North America (including Canada & Mexico, but not the United States) PROGRAM SERVICES STUDY ABROAD PROGRAM Russia & the newly independent States PROGRAM SERVICES STUDY ABROAD PROGRAM South Asia PROGRAM SERVICES STUDY ABROAD PROGRAM Sub-Saharan Africa PROGRAM SERVICES STUDY ABROAD PROGRAM Central America & the Caribbean PROGRAM SERVICES INVESTMENT ACTIVITIES Europe (including Iceland & Greenland) PROGRAM SERVICES INVESTMENT ACTIVITIES East Asia & the Pacific PROGRAM SERVICES INVESTMENT ACTIVITIES 0 0 0 Procedure for Monitoring Grants Outside the U.S.: Schedule F, Part I, Line 2: The College does not currently track foreign expenditures for each program separately. Therefore, pursuant to IRS guidance, disclosure in Column F is not required in the current year. X X X X X X 1 Marts & Lundy Inc Consulting services relating to campaign start-up 0 0 21000 -21000 21000 -21000 AL AR CA CT DE FL GA HI IA ID IL IN KS KY LA MD ME MI MN MO MS MT NC ND NE NJ NM NV NY OH OK PA RI SC SD TN TX UT VA VT WI WV WY 1 Financial Aid and grants to students of Pomona College 821 26125000 0 fmv Cash grants include financial aid posted as credits to student accounts. Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: Admission to Pomona College is on a need blind basis. This policy is maintained to accomplish diversification of the student body regardless of the financial status of the applicants. A permanent file of all students who are recipients of scholarships and grants is maintained in the Financial Aid Office of Pomona College. An accounting system tracks all awards to individual students for tuition and other costs of attending the College. X X X X X 0 1 X X X 1 0 0 0 0 0 0 0 0 David W Oxtoby 363129 0 0 0 33450 0 32377 0 45768 0 474724 0 0 0 Christopher Ponce 250016 0 0 0 355 0 36342 0 21781 0 308494 0 0 0 Karen L Sisson 242868 0 0 0 0 0 32377 0 15822 0 291067 0 0 0 Richard Fass 173467 0 0 0 24971 0 27039 0 22185 0 247662 0 0 0 Andrew P O'Boyle 172827 0 0 0 16525 0 23742 0 6136 0 219230 0 0 0 Robert Robinson 151917 0 0 0 2162 0 16154 0 12089 0 182322 0 0 0 Deborah Burke 236692 0 0 0 0 0 31073 0 1250 0 269015 0 0 0 Laura Hoopes 178842 0 0 0 9600 0 24260 0 13734 0 226436 0 0 0 gary kates 162489 0 0 0 38578 0 26725 0 30422 0 258214 0 0 0 John Norton 183820 0 0 0 16983 0 25752 0 4474 0 231029 0 0 0 Gary Smith 224281 0 0 0 0 0 30886 0 21484 0 276651 0 0 0 Part I, Line 1a Part I, Line 1a: Per the employment contracts for the President, Vice President/Dean of the College and Dean of Students, residence on-campus is a condition of their employment and housing is provided for the convenience of the employer. Parts of the facilities are cared for by College staff to ensure readiness for College related events. In connection with her services to the College, the President's spouse, a college employee, may on occasion, travel for business purposes with the President in connection with fundraising and donor cultivation events on behalf of the College. The Board of the College requires the President to be a member of a local club so that business meetings may be held there. There is no personal use of the membership by the President. Gross-up payments relate to the cost of life insurance policies for certain officers and are provided per the individuals' original employment contract. Part I, Line 1b Part I, Line 1b: The items listed above are provided in connection with the employment contracts of the individuals as approved by the Board. Part I, Line 4a PER A CONFIDENTIALITY AGREEMENT SIGNED BY THE ORGANIZATION,THE SEVERANCE PACKAGE PAID TO AN EMPLOYEE IS NOT OPEN FOR PUBLIC INSPECTION. California Educational Facilities Authority 521705592 130175W99 2005-02-04 41879739 Campus Facilities, Issuance Costs & refunding of 1999B Series 0 0 California Educational Facilities Authority 521705592 130178NN2 2008-06-26 59475000 Educational facilities & costs of issuance of the bonds 0 0 California Educational Facilities Authority 521705592 130178SE7 2009-04-02 62290000 Refinance costs of educational facilities, issuance cost, refund '99,'05,'08 0 0 42565205 576345 2008 0 1 1 1 64248356 4729472 739587 32098843 2011 0 0 1 1 67960259 31477393 888077 7144393 2011 1 1 1 1 0 0 1 0 1 0.00000 0.00000 0.00000 1 0 0 1 0 1 0.00000 0.00000 0.00000 1 0 0 1 0 1 0.00000 0.00000 0.00000 1 0 0 0 NA 1 AIG (212005) 3.800000000000 1 1 0 0 0 0 NA 1 FSA (782008) 3.200000000000 1 0 0 0 0 0 NA 0 na 0 0 Robert Robinson HOME MORTGAGE X 555000 544000 0 1 1 John Norton HOME MORTGAGE X 522500 498000 0 1 1 Laura Hoopes HOME MORTGAGE X 215000 133000 0 1 1 Gary Kates HOME MORTGAGE X 555000 541000 0 1 1 1716000 Claire Oxtoby Wife of President 36000 Wages 0 X 169 0 Professional Appraisal X 0 General Appraisal X 86 2276000 High/Low average X Computer equipments 9 0 Valued by Donor 6 0 1 1 Method for Determining Number of Contributors: Part I, Column (b): Column B reflects the number of items received from various contributors, except in the case of securities, which reflects the number of contributors. Third Party Use: Part I, Line 32b: Any gift of unneeded personal or real property is sold by professional representatives. Brokers are used to facilitate the sale of securities. Non Reporting of Revenue: Part I, Line 33: The College follows a policy to not record or capitalize its collections. The College's art collections consist of objects of historical and aesthetic significance held for public exhibition and educational purposes. All works in the collection are catalogued, preserved cared for and monitored according to professional museum standards, and are subject to a policy that requires proceeds from de-accession to be used exclusively for acquisition. Form 990, Part VI, Section A, line 2 A trustee, Stewart Smith, and the President, David Oxtoby, are overseers of the Claremont University Consortium, a non-profit organization that supports the activities of the Claremont Colleges, of which Pomona College is a member. Form 990, Part VI, Section B, line 11 THE INFORMATIONAL RETURN IS PREPARED BY OUTSIDE ACCOUNTANTS AND IS REVIEWED BY THE AUDIT COMMITTEE. After preliminary review and approval by the vice president/ treasurer, THE RETURN IS THEN MADE AVAILABLE FOR review by all voting members of the Board PRIOR TO ELECTRONIC FILING. Form 990, Part VI, Section B, line 12c The Board of Trustees ("the Board") of Pomona College has incorporated its code of conduct and conflict of interest policies into its bylaws. The Audit Committee ("the Committee") of the Board monitors enforcement of and compliance with the Code and the policies, and reports the results thereof to the Board. The Committee monitors compliance by means of an Annual Code of Conduct Questionnaire. In May, the College distributes the questionnaire to all trustees, officers, faculty program coordinators and department chairs and staff at the director level and above. The President's Office collects the completed questionnaires and compiles the results, including identifying negative responses and accompanying explanations. In October, an executive summary of the results are provided to the Committee, and the Committee reports those results to the Board. However, throughout the annual Questionnaire distribution, collection and compilation process, any urgent and heretofore unknown matters identified by questionnaire respondents are escalated immediately to the appropriate members of the Board and management. Form 990, Part VI, Section B, line 15 The College has implemented procedures to fairly compensate employees of the College and provide an appropriate process for setting and approving reasonable levels of compensation for individuals who are in a position to exercise substantial influence over the affairs of the College, such as the President, Vice President/Treasurer, Dean of Faculty, Dean of Students, and Vice President of Advancement. These procedures provide for review and approval by independent trustees, use of comparability data, and contemporaneous substantiation of the deliberation and decision. The Executive Committee of the Board utilizes benchmark salary data from comparable higher education institution groups for executive management positions. The initial process in determining compensation levels consists of gathering compensation data of peer group institutions, which is available from subscribed survey data sources. The salary medians of the comparable education institution groups will inform the committee and be used as guides. The committee will also review salary in relation to local and national inflation measures, individual performance, as evidenced by the annual written performance evaluations, and the individual's length of service in the position. Salary increase recommendations are approved by this Committee during the May Board of Trustees regular meeting. This process was last undertaken and completed for all executive positions in 2010. Form 990, Part VI, Section C, line 18 Form 1023 and all other informational return documents are available to the public upon written request. Form 990, Part VI, Section C, line 19 The policy of Pomona College is to make its governing documents, including the Articles of Incorporation and Bylaws, and financial statements available to the public when requested. FORM 990, PART XI, LINE 2C: SINCE THE FILING OF PRIOR YEAR 2008 TAX RETURN, THERE HAVE BEEN NO CHANGES TO THE AUDIT OVERSIGHT AND SELECTION PROCESS. Form 990, Part VI, Section B, Line 14: Departments within Pomona College maintain records per requirements of their respective areas. The Business Office has written retention procedures for all financial records of the college that align with legal and industry standards. The Financial Aid Office has written guidelines in their policies and procedures manual that incorporate federal requirements. The Registrar's Office follows the written policies of the American Association of Collegiate Registrar and Admissions Officers.