2024-05-15T13:15:43-05:00 2023-06-30 910189318 Moss Adams LLP 3121 West March Lane Suite 200 Stockton CA 95219 990 2022-07-01 951664101 Claremont McKenna College CLAR 9096218043 500 E Ninth Street NA Claremont CA 91711 Mia Alonzo Controller 9096218043 2024-05-13 1 Mia Alonzo XXX-XX-XXXX 0 Tracy S Paglia P00366884 2099556100 2024-05-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z NA Hiram Chodosh 500 E Ninth Street N/A Claremont CA 91711 395153309 0 X www.cmc.edu X 1946 CA Claremont McKenna College's mission is to prepare students for thoughtful and productive lives and responsible leadership in business, government, and the professions. Claremont McKenna College emphasizes economics and political science; promotes faculty and student scholarship that contributes to intellectual vitality and an understanding of public policy issues; supports a professoriate that is dedicated to effective undergraduate teaching; reinforces a close student-teacher relationship that fosters critical inquiry; sustains an active residential and intellectual environment; sponsors scholarly support for a faculty of teacher scholars; and champions freedom of expression, viewpoint diversity, and constructive dialogue, as well as institutional neutrality through The Open Academy. 39 38 2041 1034 4354 0 222664713 41888743 114749394 113973709 126974322 64221909 910980 2631017 465299409 222715378 31510879 32663680 0 0 75426870 79625688 0 0 5829076 90547888 97485601 197485637 209774969 267813772 12940409 2409070336 2392275877 656502452 614089734 1752567884 1778186143 See Schedule O 0 0 167798164 32663680 113973709 See Schedule OClaremont McKenna College, one of the nation's top liberal arts colleges, prepares students to make a difference. Since 1946, Claremont McKenna College's mission has been to prepare students for thoughtful and productive lives and responsible leadership in business, government, and the professions. The College attracts a student bodythat is broadly diverse and accomplished beyond the classroom.Claremont McKenna is a member of The Claremont Colleges, a seven-college consortium modeled after Oxford University. Students have the best of both worlds: the intimacy of a small residential college with small classes and a student-faculty ratio of eight to one, and the shared resources of a larger research university.Renowned for expertise in economics, government, humanities, and the sciences, Claremont McKenna has been a leader in freedom of expression, viewpoint diversity, and constructive dialogue, as well as institutional neutrality through The Open Academy. The College emphasizes the integration of leadership and innovation experience within eleven world-class research institutes, the Marian Miner Cook Athenaeum, and sponsored off-campus internships. More than 90% of students complete internships and nearly half study off-campus during their four years.The Soll Center for Student Opportunity provides all students with advising, mentoring and networking support that is tailored to each student's professional goals. Many Claremont McKenna graduates go on to receive prestigious post-graduate fellowships and degrees in business, law, medicine, and many other fields. CMC alumni thrive in a wide range of careers including consulting, education, business, government, media, nonprofit leadership, science, and technology. Claremont McKenna excels nationally in post-graduate job placement and career success. 167798164 1 1 0 1 0 0 0 1 1 1 1 1 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 0 1 1 0 0 1 1 1 1 0 0 1 2250 0 1 2041 1 1 1 0 0 0 0 0 1 1 0 0 0 0 1 X 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 101 S Mills Ave Claremont CA 91711 Hiram Chodosh President 40.00 1.00 X X 899363 0 189264 James Floyd VP and Chief Investment Officer 1.00 41.00 X 753750 0 84608 Nishant Dass Faculty 40.00 0.00 X 403278 0 85630 Ran Libeskind-Hadas Faculty 40.00 0.00 X 374609 0 106865 Michael Denny VP and Deputy CIO 1.00 41.00 X 382500 0 72306 Heather Antecol - VP for Academic Affairs and Dean of Faculty and Bo 40.00 0.00 X 351979 0 77854 Matthew Bibbens VP of Campus Planning and Capital Projects, and Sp 40.00 2.00 X 350087 0 71296 Eric Helland Faculty 40.00 0.00 X 353558 0 63399 Muriel Poston Faculty 40.00 0.00 X 351775 0 61150 Sharon Basso Exec. VP and COO, Acting President 40.00 0.00 X 320586 0 89820 Michelle Chamberlain - VP for Advancement & Dean of the Robert Day Schola 40.00 0.00 X 356000 0 44604 Erin Watkins VP of Business, CFO, Treasurer 40.00 2.00 X 286000 0 45711 Marcie Gardner General Counsel 40.00 0.00 X 248500 0 39656 Mia Alonzo Controller 4.00 20.00 X 0 183403 57934 David G Mgrublian Chair of Board of Trustees 1.00 2.00 X X 0 0 0 Peter K Barker Board Chair Emeritus 1.00 1.00 X X 0 0 0 Robert A Day Board Chair Emeritus 1.00 1.00 X X 0 0 0 Harry T Mcmahon Board Chair Emeritus 1.00 2.00 X X 0 0 0 Todd Barker Trustee 1.00 0.00 X 0 0 0 James B Bemowski Trustee 1.00 0.00 X 0 0 0 Stephen Bullock Trustee 1.00 0.00 X 0 0 0 A Steven Crown Trustee 1.00 0.00 X 0 0 0 Tina Daniels Trustee 1.00 1.00 X 0 0 0 Cary Davidson Trustee 1.00 0.00 X 0 0 0 David Dreier Trustee 1.00 0.00 X 0 0 0 Steven L Eggert Trustee 1.00 0.00 X 0 0 0 Elyssa M Elbaz Trustee 1.00 0.00 X 0 0 0 Laura M Grisolano Trustee 1.00 0.00 X 0 0 0 E David Hetz Trustee 1.00 1.00 X 0 0 0 Susan Matteson King Trustee 1.00 0.00 X 0 0 0 Jeffrey S Klein Trustee 1.00 0.00 X 0 0 0 Henry R Kravis Trustee 1.00 0.00 X 0 0 0 Duane Kurisu Trustee 1.00 0.00 X 0 0 0 Michael Larson Trustee 1.00 1.00 X 0 0 0 Tao Li Trustee 1.00 0.00 X 0 0 0 James B Mcelwee Trustee 1.00 1.00 X 0 0 0 AMB C Steven McGann Trustee 1.00 0.00 X 0 0 0 Marci Lerner Miller Trustee 1.00 0.00 X 0 0 0 Akshata N Murty Trustee 1.00 0.00 X 0 0 0 Paul Nathan Trustee 1.00 0.00 X 0 0 0 Donna Wengert Neff Trustee 1.00 0.00 X 0 0 0 Douglas L Peterson Trustee 1.00 0.00 X 0 0 0 Rey Ramsey Trustee 1.00 0.00 X 0 0 0 G Jeffrey Records Jr Trustee 1.00 1.00 X 0 0 0 George R Roberts Trustee 1.00 0.00 X 0 0 0 Richard J Romero Trustee 1.00 0.00 X 0 0 0 Rossi A Russell Trustee 1.00 1.00 X 0 0 0 Bruce A Soll Trustee 1.00 0.00 X 0 0 0 John Shrewsberry Trustee 1.00 0.00 X 0 0 0 Darrell G Smith Trustee 1.00 0.00 X 0 0 0 Kenneth J Valach Trustee 1.00 0.00 X 0 0 0 Shaw B Wagener Trustee 1.00 0.00 X 0 0 0 5431985 183403 1090097 226 0 1 0 KPRS Construction Services Inc 2850 Saturn Street Brea CA 92821 Construction 21779468 Bjarke Ingels Group California Inc 45 Main Street Ste 900 Brooklyn NY 11201 Engineering/Architecture 8159426 Bon Appetit PO Box 50196 Los Angeles CA 90074 Catering 5331979 Gardner Company Inc 30714 Wealth Street Murrieta CA 92563 Maintenance 1220461 ABM Onsite Services - West Inc 3060 Solutions CTR Chicago IL 60677 Facility Service 1203993 74 377853 41510890 6457649 41888743 Tuition & fees 611600 107094519 107094519 Asset Management Revenue 900099 5354565 5354565 Fed. grants & contracts 611600 1198081 1198081 Private contracts 900099 161430 161430 Rental & Catering 900099 41128 41128 123986 123986 113973709 13309753 4354 13305399 822339 560613 261726 261726 261726 218639474 4150000 171566468 310850 47073006 3839150 50912156 50912156 Miscellaneous income 900099 2270515 2270515 Vending, store & laundry 812300 98776 98776 2369291 222715378 113973709 4354 66848572 32663680 32663680 4180121 788276 2741021 650824 435933 166613 169856 99464 58718788 50252328 6085607 2380853 4837047 2447810 1966224 423013 7520428 3702270 3132920 685238 3933371 1976742 1610325 346304 870006 46702 822888 416 882086 129141 745762 7183 429736 429736 4115795 4115795 7385497 5872197 1430243 83057 721640 162848 386157 172635 5732461 2869515 2638077 224869 2724495 2142023 422565 159907 6750782 5438449 1284397 27936 7696024 6902557 504775 288692 2048486 947604 1044382 56500 18997641 18418003 540065 39573 4535332 4399805 123742 11785 9350928 8672971 601123 76834 912175 708820 197658 5697 Related Organizations a 9620274 5995493 3618826 5955 Food & housing 7366125 7366125 Building repair 4691547 4632523 59024 Noncapitalized Equipmen 861867 749281 106023 6563 1792704 346388 1429562 16754 209774969 167798164 36147729 5829076 1016163 1170492 32499728 14134523 410821234 397641158 7505903 5582380 70000 51667 3221493 2419481 465568506 155611352 291377214 309957154 282354218 283179537 1372332469 1369923206 6868709 7337572 1003205 878707 2409070336 2392275877 32401620 26477519 2244616 1428354 0 1342790 521936116 522057285 99920100 62783786 656502452 614089734 X 370899618 368398878 1381668266 1409787265 1752567884 1778186143 2409070336 2392275877 X 12940409 11373097 1304753 X 0 1 X 1 1 1 X 70346094 182970483 50529656 222659713 41888743 568394689 70346094 182970483 50529656 222659713 41888743 568394689 286536028 281858661 8516637 10001642 14484353 18062815 14127738 65193185 4624085 1583622 1248826 1082516 2369291 10908340 644496214 499385968 0.43730 0.41470 X Schedule A, Part II, Line 10, Explanation of Other Income: OTHER INCOME - 2018 Amount: $ 4,624,085. 2019 Amount: $ 1,583,622. 2020 Amount: $ 1,248,826. 2021 Amount: $ 1,082,516. 2022 Amount: $ 2,369,291. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 25541 25541 0 Part II-B, Line 1: Dues and memberships paid to organizations to lobby on the College's behalf. Also, to support the effort to reauthorize the Section 568 exemption from the anti-trust laws. 224357 11302196 X X 0 0 1 X 1224987290 8611626 26552742 11947857 37751802 3984907 1206467092 1313226768 10349594 -49669364 11512034 33301008 4106666 1224987290 952269012 26611408 379305154 11096741 30499039 3363026 1313226768 912045198 63972781 15766690 10696178 26102426 2717053 952269012 881013887 21766920 46328406 10471075 24181115 2411825 912045198 0.32130 0.39170 0.28700 0 0 30101754 30101754 322640681 114653917 207986764 40965299 14336019 26629280 39526614 26621416 12905198 32334158 32334158 309957154 Assets whose use is limited 9476690 F Real Estate, Energy, & Timber 766303 F Investment in Claremont Investment Fund 1359680213 F 1369923206 Life income and annuities payable 61395864 Government advance for student loans 352316 Asset retirement obligation 1035606 62783786 X 199483619 11373096 1869721 13242817 186240802 4115795 32358781 36474576 222715378 173865361 560614 560614 173304747 4115795 32354427 36470222 209774969 Part III, Line 4: The College's works of art are held for public exhibition to enrich the teaching of art and humanities at the College. Part IV, Line 2b: The escrow account liability is related to the ASCMC Trust Funds and VDI bank account. Part V, Line 4: 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, Line 2: The College had no unrecognized tax benefits and/or obligations or uncertain tax positions at June 30, 2023 and 2022. Part XI, Line 2d - Other Adjustments: Rental expenses reclassified to revenue 560,614. Actuarial adjustment 1,606,567. Pledge Write Offs -297,460. Part XI, Line 4b - Other Adjustments: Student aid, reclassified to expenses 32,354,427. Income from K-1's 4,354. Part XII, Line 2d - Other Adjustments: Rental expenses reclassified to revenue 560,614. Part XII, Line 4b - Other Adjustments: Student aid, reclassified to expenses 32,354,427. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Claremont McKenna College is an equal opportunity employer and educator, firmly committed to providing equal opportunity for all our community members, irrespective of an individual's background. The College's Civil Rights Policy Statement on Equal Employment, Affirmative Action, and Non-Discrimination represents the College's overarching policy statement related to civil rights protections at CMC. The policy is publicized through the course catalog, website, employment application, and campus policy library. Additionally, the College has an established history of enrolling students from diverse backgrounds, with 44% being students of color. Schedule E, Part I, Line 6 Claremont McKenna College participates in the Pell Grant, Supplemental Educational Opportunity Grant, College Work-Study, and Perkins Loan programs. 1 Financial Aid 734 32663680 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 with compliance requirements by participating in professional development workshops and reviewing federal compliance updates from the Department of Education and NASFAA. X X X X 1 1 X X X X X 0 1 0 0 0 0 0 1 0 Hiram Chodosh President 621863 0 253500 0 24000 0 107822 0 81442 0 1088627 0 0 0 James Floyd VP and Chief Investment Officer 600000 0 153500 0 250 0 54160 0 30448 0 838358 0 0 0 Nishant Dass Faculty 398278 0 5000 0 0 0 54160 0 31470 0 488908 0 0 0 Ran Libeskind-Hadas Faculty 374609 0 0 0 0 0 33660 0 73205 0 481474 0 0 0 Michael Denny VP and Deputy CIO 307500 0 75000 0 0 0 54160 0 18146 0 454806 0 0 0 Heather Antecol - VP for Academic Affairs and Dean of Faculty 317479 0 34500 0 0 0 54160 0 23694 0 429833 0 0 0 Matthew Bibbens VP of Campus Planning and Capital Pr 326587 0 23500 0 0 0 54160 0 17136 0 421383 0 0 0 Eric Helland Faculty 348558 0 5000 0 0 0 54160 0 9239 0 416957 0 0 0 Muriel Poston Faculty 311300 0 3500 0 36975 0 54160 0 6990 0 412925 0 0 0 Sharon Basso Exec. VP and COO, Acting President 287086 0 33500 0 0 0 31634 0 58186 0 410406 0 0 0 Michelle Chamberlain - VP for Advancement & Dean of the Robert Day 287500 0 68500 0 0 0 32191 0 12413 0 400604 0 0 0 Erin Watkins VP of Business, CFO, Treasurer 257500 0 28500 0 0 0 28457 0 17254 0 331711 0 0 0 Marcie Gardner General Counsel 200000 0 23500 0 25000 0 24435 0 15221 0 288156 0 0 0 Mia Alonzo Controller 0 177443 0 5000 0 960 0 31372 0 26562 0 241337 0 0 Part I, Line 1a -First-class travel - The College pays for the class above economy for all domestic and international travel for the president per employment contract. - Travel for Companions - The College pays for expenses for the President's spouse's travel as covered per contract with valid business reason. - Housing allowance or residence for personal use - The College provides housing to the president and a key employee as a condition of employment. The value of the employer provided housing has been determined to meet the criteria of Sec 119 and is therefore reported as a non-taxable benefit. - Health or social club dues - The College pays dues to a social club for the sole purpose of conducting college business; no personal social activities are allowed. Because no personal social activities are conducted, the dues are not included in taxable compensation. Part I, Line 4b -Hiram Chodosh participates in a nonqualified deferred compensation plan under section 457(f). In 2022, contributions to the plan were made in the amount of $53,662. No distributions were made from the plan. Part I, Line 7 The College paid one time performance related bonuses. Matthew Bibbens VP of Campus Planning and Capital Projects, and Special Counsel Housing Assistance X 100000 12500 0 1 1 Heather Antecol VP for Academic Affairs and Dean of Faculty Housing Assistance X 50000 39167 0 1 1 51667 Evan Rutter Family of Michelle Chamberlain, VP for Advancement & Dean of RDSP 152000 Employment 0 Priya Junnar Family of Hiram Chodosh, President of the College 117320 Employment 0 Minju Kim Family of Peter Uvin, Former VP for Academic Affairs 166613 Employment 0 X 2 224357 FMV X 126 6055615 FMV X 13 177677 Cost of donated property 1 0 1 1 Part I, Column (b): Number of Contributions Part I, Line 32b: A related organization works with an appraiser and real estate broker to sell the non-cash donations of real estate. Form 990, Part VI, Section A, line 2 Henry R. Kravis and George R. Roberts are Trustee members and have both a family and business relationship. Form 990, Part VI, Section B, line 11b 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 Form 990 using information provided by the College's Treasurer's Office and the Claremont Colleges Services' 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, the Associate Vice President of Finance, and the Vice President of Business Chief Financial Officer and 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 Each year, all Interested Parties of the College are required to sign and submit to the Treasurer a full written disclosure of any transaction involving the College where the Interested Party has any financial or relationship interest in the transaction. The Treasurer creates a summary report of these disclosures for review by the Audit Committee. Throughout the year, any potential Interested Party Transaction is reviewed by the Interested Party Transactions Subcommittee of the Audit Committee, which ensures that i) the Interested Party does not unduly influence the approval of the transaction; ii) the transaction's terms are fair and reasonable, and iii) entering into the transaction is in the College's best interests. Form 990, Part VI, Section B, line 15 The College's process for determining compensation for corporate officers, key employees, and principal 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, including prevailing market compensation for similar administrative positions in the greater Los Angeles area. 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. Form 990, Part XI, line 9: Actuarial adjustment 1,606,567. Income from K-1's -4,354. Writeoff of pledge receivables -297,460. Claremont McKenna College Holdings LLC 500 E 9th Street Claremont CA 91711 Property Holdings CA 0 0 Claremont McKenna College The Claremont Colleges Inc 101 S Mills Ave Claremont CA 91711 954786748 Supporting Organization CA 501(c)(3) 12a, type I N/A 0 Claremont McKenna College Foundation 500 E 9th Street Claremont CA 91711 330735781 Supporting Organization CA 501(c)(3) 12a, type I Claremont McKenna College 1 Children's Education Center of Claremont 500 E 9th Street Claremont CA 91711 954508952 Preschool and Elementary School CA 501(c)(3) Line 2 Claremont McKenna College 1 Claremont Investment Fund 500 E 9th Street Claremont CA 91711 823049880 Supporting Organization CA 501(c)(3) 12a, type I Claremont McKenna College 1 Claremont Investment Management Company 500 E 9th Street Claremont CA 91711 823028605 Supporting Organization CA 501(c)(3) 12a, type I Claremont McKenna College 1 Claremont Mckenna College Alumni Association 400 North Claremont Boulevard Claremont CA 91711 956092792 Supporting Organization CA 501(c)(3) PF Claremont McKenna College 1 Charitable Remainder Unitrusts (25) 101 South Mills Ave Claremont CA 91711 Holdings CA N/A 0 Charitable Remainder Annuity Trust 101 South Mills Ave Claremont CA 91711 Holdings CA N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 0 1 Claremont Investment Fund S 31000000 FMV Claremont Investment Management Company L 5354565 FMV