2011-05-16T16:58:16-05:00 2010-06-30 Moss Adams LLP 3121 West March Lane Suite 100 Stockton CA 95219 990 2009-07-01 951664101 Claremont McKenna College CLAR 9096218043 500 E Ninth Street Claremont CA 91711 Mia Alonzo 9096218043 2011-05-13 1 TRACY S PAGLIA 2099556100 2009 2016-02-24 21:20:13Z Pamela Gann 500 E Ninth Street Claremont CA 91711 668127386 0 X www.claremontmckenna.edu X 1946 CA CMC is an independent, residential, liberal arts college whose mission is to educate its students for responsible leadership in business, government, and the professions. 39 38 1676 0 0 -345477 11119256 27708263 59111313 63918400 -8054103 16568890 1258327 1379643 63434793 109575196 16435415 17575097 0 42468826 43901652 0 4348595 39209785 39538848 98114026 101015597 -34679233 8559599 859967487 921365103 204253226 205433846 655714261 715931257 Claremont McKenna College is a highly selective, independent, coeducational, residential, liberal arts college. Its mission, within the mutually supportive framework of The Claremont Colleges, is to educate its students for thoughtful and productive lives and responsible leadership in business, government, and the professions, and to support faculty and student scholarship that contribute to intellectual vitality and the understanding of public policy issues. The College pursues this mission by providing a liberal arts education that emphasizes economics and political science, a professoriate that is dedicated to effective undergraduate teaching, a close student-teacher relationship that fosters critical inquiry, an active residential and intellectual environment that promotes responsible citizenship, and a program of research institutes and scholarly support that makes possible a faculty of teacher-scholars. 0 0 87485401 17575097 63918400 The College's primary exempt purpose achievement is providing a liberal arts education that emphasizes economics and political science, a professoriate that is dedicated to effective undergraduate teaching, a close student-teacher relationship that fosters critical inquiry, an active residential and intellectual environment that promotes responsible citizenship, and a program of research institutes and scholarly support that makes possible a faculty of teacher-scholars. 87485401 1 1 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 1 0 0 1 2131 0 1 1676 1 1 1 0 0 0 0 0 0 0 0 39 38 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X Mia Alonzo 9096218043 150 East 8th Street Suite A Claremont CA 91711 Pamela B Gann 40.00 X X 409668 0 125034 Harry T McMahon 1.00 X X 0 0 0 Lorraine C Bains 1.00 X 0 0 0 Peter K Barker 1.00 X X 0 0 0 James B Bemowski 1.00 X 0 0 0 Abbott L Brown 1.00 X 0 0 0 Richard E Butler 1.00 X 0 0 0 Arie Steven Crown 1.00 X 0 0 0 Robert A Day 1.00 X 0 0 0 John P Doyle 1.00 X 0 0 0 David Dreier 1.00 X 0 0 0 Barton Evans 1.00 X 0 0 0 Laura May Grisolano 1.00 X 0 0 0 E David Hetz 1.00 X X 0 0 0 Henry R Kravis 1.00 X 0 0 0 Michael Larson 1.00 X 0 0 0 Thomas C Leppert 1.00 X 0 0 0 Perry A Lerner 1.00 X 0 0 0 Robert J Lowe 1.00 X X 0 0 0 James B McElwee 1.00 X 0 0 0 David G Mgrublian 1.00 X 0 0 0 Thomas M Mitchell 1.00 X 0 0 0 Robert C Nakasone 1.00 X 0 0 0 Thomas B Neff 1.00 X 0 0 0 Kenneth M Novack 1.00 X 0 0 0 William F Podlich 1.00 X 0 0 0 Frederic J Prager 1.00 X 0 0 0 John C Pritzlaff 1.00 X 0 0 0 Ray Remy 1.00 X 0 0 0 Andrea L Rich 1.00 X 0 0 0 George R Roberts 1.00 X 0 0 0 Michael H Rothman 1.00 X 0 0 0 Rossi A Russell 1.00 X 875 0 0 Ryder Todd Smith 1.00 X 0 0 0 Julie T Spellman Sweet 1.00 X 0 0 0 Kenneth J Valach 1.00 X 0 0 0 Shaw B Wagener 1.00 X 0 0 0 Barbara Wallace Boswell 1.00 X 0 0 0 Christopher V Walker 1.00 X 0 0 0 Robin J Aspinall 40.00 X 223580 0 26257 Matthew Bibbens 40.00 X 175325 0 28864 Mia Alonzo 40.00 X 0 109726 20274 Gregory Hess 40.00 X 278869 0 38245 William Lowery 40.00 X 280912 0 38177 Jefferson Huang 40.00 X 151745 0 26363 Richard C Vos 40.00 X 156148 0 27354 James Floyd 40.00 X 161320 0 18728 Joseph Cardoza 40.00 X 186012 0 13833 John Faranda 40.00 X 179120 0 24554 Lisa Meulbroek 40.00 X 291174 0 31849 Eric Hughson 40.00 X 278113 0 34407 Stephen Blomberg 40.00 X 265624 0 46422 Janet Smith 40.00 X 253689 0 32834 Henrik Cronqvist 40.00 X 244645 0 23015 3536819 109726 556210 129 0 1 0 Bernards 618 San Fernando Rd San Fernando CA 91340 Construction 9624813 Perera Construction & Design Inc 2890 Inland Empire Blvd Ste 102 Ontario CA 91764 Construction 2385026 Bon Appetit Inc 100 Hamilton Ave Ste 300 Palo Alto CA 94301 Food Service 2153675 Rafael Vinoly Architects PC 50 Vandam Street New York NY 10013 Architects 1927068 Plumbing Piping & Construction Inc 5950 Lakeshore Dr Cypress CA 90630 Plumbing Contractor 1039191 25 16505 91000 337533 27263225 4550190 27708263 Tuition & fees 611600 60848920 60848920 Fed. grants & contract 611600 1357472 1357472 Private contracts 900099 861897 861897 Children sch. tuition 611710 527621 527621 Rental & catering 531390 92977 8714 84263 229513 229513 63918400 6646965 6646965 1137856 1137856 3849 3849 825851 497965 327886 327886 327886 566838294 558054225 8784069 8784069 8784069 Miscellaneous income 900099 948731 948731 Vending, store & laund 453000 99177 99177 1047908 109575196 63834137 0 18032796 17575097 17575097 2392343 945358 957887 489098 32536175 29148633 1271131 2116411 3254823 2866016 202042 186765 3277455 2725199 299522 252734 2440856 2078275 197143 165438 234404 39431 187473 7500 306226 306226 3935612 3935612 1550050 132157 1275457 142436 1354791 364738 737206 252847 3570076 2969004 350076 250996 1424799 1239025 95478 90296 1895413 1774286 96619 24508 2396944 2198480 87307 111157 102544 68285 25574 8685 5855828 5616535 164919 74374 7193041 5077497 2069130 46414 4267083 4070692 135351 61040 424659 182779 220232 21648 Food & housing 2578101 2364720 199350 14031 Building repair 1325082 1284258 31799 9025 Noncap equip 390470 382449 6117 1904 Books & periodicals 144739 132099 7922 4718 Fixed assets write down 120260 120260 468726 194516 257640 16570 101015597 87485401 9181601 4348595 398331 629516 54159379 43158091 176956241 163445217 4452354 4935600 100000 3334147 3952263 190697138 53652393 111797519 137044745 231458159 322196785 257501912 228732081 12585878 12407611 7323567 4763194 859967487 921365103 9927613 15398922 1384758 1321276 140391519 139421896 52549336 49291752 204253226 205433846 X 110207398 138802986 302636609 321118350 242870254 256009921 655714261 715931257 859967487 921365103 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 513512739 17195554 69610780 7184110 17251378 3935612 571947973 645981488 2533156 -105264239 7027118 18405549 4304999 513512739 0.14930 0.41120 0.43950 0 0 4521854 4521854 112767062 38621030 74146032 14138028 10313678 3824350 59270194 4717685 54552509 137044745 Assets whose use is limited 46280637 F Hedge funds 89269406 F Private equity and venture capital 68393934 F Real assets 24788104 F 228732081 Annuities payable 40958978 Defined benefit plan payable 2009659 Funds held in trust 2360024 Government advance for student loans 3208218 Asset Retirement Obligation 754873 49291752 109575196 101015597 8559599 48082625 3574772 51657397 60216996 140911710 48082625 4625198 52707823 88203887 3935612 17435697 21371309 109575196 80694714 1050426 1050426 79644288 3935612 17435697 21371309 101015597 Part V, Line 4: Description of Intended Use of Endowment Funds: The College uses the earnings of its endowment funds in accordance with donor restrictions. Where no donor intent is specified, the earnings fund the general operations of the College. Part X: Description of Uncertain Tax Positions Under FIN 48: In accordance with Generally Accepted Accounting Principles, the College had no unrecognized tax benefits and/or obligations at June 30, 2010 and 2009. Part XI, Line 8 - Other Adjustments: Actuarial adjustment: 4127233. Staff retirement plan comprehensive loss: -552461. Part XII, Line 2d - Other Adjustments: Rental expenses reclassified to Form 990, part VIII, line 6b: 497965. Actuarial adjustment: 4127233. Part XII, Line 4b - Other Adjustments: Student aid, reclassified to expenses: 17435697. Part XIII, Line 2d - Other Adjustments: Rental expenses reclassified to Form 990, part VIII, line 6b: 497965. Staff retirement plan comprehensive loss: 552461. Part XIII, Line 4b - Other Adjustments: Student aid, reclassified to expenses: 17435697. 1 1 1 The College's Non-Discrimination Policy is publicized in brochures, the catalog, and is accessible on the college website. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 Claremont McKenna College participates in the Pell Grant, Supplemental Educational Opportunity Grant, College Work-Study, and Perkins Loan programs. 1 1 Financial Aid 662 17575097 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: The College monitors the use of grant funds by verifying student enrollment records maintained by the Office of the Registrar and the office of Student Accounts. Enrollment verification is performed prior to awarding of grant funds and throughout the academic year. The Office of Financial Aid monitors the College's compliance with grant agreement requirements throughout the academic year, and keeps current of compliance requirements by participating in professional development workshops and reviewing federal compliance updates from the Department of Education and NASFAA. X X X 1 1 X X X X X X 0 1 0 0 0 0 0 0 0 Pamela B Gann 396681 0 0 0 12987 0 70264 0 54770 0 534702 0 0 0 Robin J Aspinall 221700 0 0 0 1880 0 24660 0 1597 0 249837 0 0 0 Matthew Bibbens 168490 0 0 0 6835 0 19464 0 9400 0 204189 0 0 0 Gregory Hess 263477 0 0 0 15392 0 27344 0 10901 0 317114 0 0 0 William Lowery 277755 0 0 0 3157 0 30666 0 7511 0 319089 0 0 0 Jefferson Huang 146207 0 0 0 5538 0 16676 0 9687 0 178108 0 0 0 Richard C Vos 144891 0 0 0 11257 0 17808 0 9546 0 183502 0 0 0 James Floyd 154940 0 0 0 6380 0 17664 0 1064 0 180048 0 0 0 Joseph Cardoza 185312 0 0 0 700 0 11148 0 2685 0 199845 0 0 0 John Faranda 175838 0 0 0 3282 0 19419 0 5135 0 203674 0 0 0 Lisa Meulbroek 280398 0 0 0 10776 0 26279 0 5570 0 323023 0 0 0 Eric Hughson 272349 0 0 0 5764 0 25896 0 8511 0 312520 0 0 0 Stephen Blomberg 261227 0 0 0 4397 0 27396 0 19026 0 312046 0 0 0 Janet Smith 245518 0 0 0 8171 0 27264 0 5570 0 286523 0 0 0 Henrik Cronqvist 244645 0 0 0 0 0 21868 0 1147 0 267660 0 0 0 Part I, Line 1a Part I, Line 1a: - Housing allowance or residence for personal use - The College provides housing to the president as a condition of her employment. - Health or social club dues - The College pays dues for the California Club for the sole purpose of conducting college business; no personal social activities are allowed. - Personal services - The College provides cleaning services to the President's house, a college-owned building, which is used for college activities. Part I, Line 1b Part I, Line 4a Pamela Gann participates in a nonqualified deferred compensation plan under section 457(f). Contributions were made; however no distributions have been made from the plan during the year. California Educational Facilities Authority 521705592 130178RU2 2009-01-22 80338739 Finance the cost of acquisition/construction of new educational facilities. 0 0 California Educational Facilities Authority 521705592 130178HT6 2007-05-31 42697442 Finance the cost of acquisition/constr of new edu fac & refunding of bonds. 0 0 California Educational Facilities Authority 521705592 130175G89 2003-06-25 10257806 Finance the cost of acquisition/construction of new educational facilities. 0 0 81798362 44881171 1005307 38487328 0 0 0 1 44315987 12102431 595011 30007312 2009 0 1 1 1 10385042 199500 10127236 2005 0 0 1 1 0 0 0 0 1 0.01300 0.01300 1 0 0 1 0 1 0.01900 0.01900 1 0 0 0 0 1 0.01900 0.01900 1 0 0 0 0 0 0 0 0 0 1 Hypo Public Finance Bank 1.500000000000 1 0 0 0 0 0 0 0 0 Jefferson Huang Housing Assistance X 100000 100000 0 1 1 100000 X 21 1045572 FMV X 1 348490 FMV X Computers 1 7477 FMV X Supplies 25 10815 FMV 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 Henry R. Kravis and George R. Roberts are partners of Kohlberg Kravis Robert & Co. Form 990, Part VI, Section B, line 11 The College 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. The College has engaged an outside accounting firm to prepare the 990 using information provided by the College's Treasurer's Office and Claremont University Consortium's Office of Financial Services. Once a draft has been prepared, it is reviewed by individuals in the Office of Financial Services, the Office of Human Resources, and the College's 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 for Business and Administration/Treasurer. After this review and any resulting changes are complete, the revised draft is provided to members of the College's Audit Committee for questions and comments. Once questions and comments from the Audit Committee are fielded and issues resolved, the 990 is provided to all voting members of the Board of Trustees prior to filing. Form 990, Part VI, Section B, line 12c Officers, trustees, and key employees are required to annually sign and submit to the Treasurer a statement disclosing all material financial interests of the individual or immediate family member in any outside entity in which the College has or is considering a transaction or other business relationship. The Treasurer creates a summary report of these and any other known conflict of interest disclosures for review by the Audit Committee. All transactions in which the Audit Committee has determined that a conflict exists are approved or ratified by the Board of Trustees. Form 990, Part VI, Section B, line 15 The College's process for determining compensation of all corporate officers, key employees, and disqualified persons is performed on an annual basis and includes the following elements: 1) use of data as to comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations, 2) review of comparable compensation data and approval of compensation arrangements by a Compensation Subcommittee of the Executive Committee of the Board of Trustees, and 3) contemporaneous documentation with respect to deliberations and decisions regarding compensation arrangements. Data as to comparable compensation is derived from one or more of the following sources: a) Information compiled from IRS Form 990 reports, b) other regional or national compensation surveys, including an annual compensation survey published by the College and University Professional Association for Human Resources, and c) external consultant surveys and/or databases. Form 990, Part VI, Section C, line 19 Form 990, Part VI, Section C, Line 19: - Financial statements and conflict of interest policy are available on the College website. - Governing/organizing documents are not available to the public. Schedule K Supplental Information Schedule K, Part III, line 3a, column B: Euclid Management manages the College's single-family rental home inventory for its rental program to faculty and staff, however, it was determined there is no private business issue due to safe harbor rules. Schedule K, Part III, line 7: The College has adopted procedures to ensure continued compliance with applicable federal tax requirements. A management official has been assigned the primary responsibilities of monitoring post-issuance compliance including, but not limited to, proper and timely use of bond proceeds, timely return filings, and proper investment of bond financing proceeds. The College maintains and retains, throughout the life of the bond, paper and electronic records of the allocation of the bond proceeds to expenditures and issuance costs, contracts, reimbursements, asset schedules, and depreciation schedules. The College also maintains, in perpetuity, general records required to be maintained by 501(c)(3) organizations including the IRC 501(c)(3) determination letter, organizing documents, prior Form 990 filings, audited financial statements, and bond offering documents. The College monitors compliance with applicable arbitrage yield restriction and rebate requirements and retains records pertaining to the investment of bond proceeds and calculations of rebate and yield reductions payments. Finally, the College monitors unrelated trade or business use of bond-financed facilities for use in determining compliance with modified private business tests. Schedule K, Part III, line 3a, column B: Euclid Management manages the College's single-family rental home inventory for its rental program to faculty and staff, however, it was determined there is no private business issue due to safe harbor rules. Schedule K, Part III, line 7: The College has adopted procedures to ensure continued compliance with applicable federal tax requirements. A management official has been assigned the primary responsibilities of monitoring post-issuance compliance including, but not limited to, proper and timely use of bond proceeds, timely return filings, and proper investment of bond financing proceeds. The College maintains and retains, throughout the life of the bond, paper and electronic records of the allocation of the bond proceeds to expenditures and issuance costs, contracts, reimbursements, asset schedules, and depreciation schedules. The College also maintains, in perpetuity, general records required to be maintained by 501(c)(3) organizations including the IRC 501(c)(3) determination letter, organizing documents, prior Form 990 filings, audited financial statements, and bond offering documents. The College monitors compliance with applicable arbitrage yield restriction and rebate requirements and retains records pertaining to the investment of bond proceeds and calculations of rebate and yield reductions payments. Finally, the College monitors unrelated trade or business use of bond-financed facilities for use in determining compliance with modified private business tests. Claremont University Consortium 150 E 8th Street Claremont CA 91711 954786748 Supporting Organization CA 501(c)(3) 11a, type I N/A Claremont McKenna College Foundation 500 E 9th Street Claremont CA 91711 330735781 Supporting Organization CA 501(c)(3) 11a, type I N/A Claremont McKenna College Endowment Corporation 150 E 8th Street Claremont CA 91711 956078705 Supporting Organization CA 501(c)(3) 11a, type I N/A Children's Education Center of Claremont 500 E 9th Street Claremont CA 91711 954508952 Preschool and Elementary School CA 501(c)(3) 2 N/A Milosz Institute & Archives 850 Columbia Ave Adams Hall 208 Claremont CA 91711 Archive and Research CA 501(c)(3) 11b N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 Claremont McKenna College Endowment Corp C 91000