2024-05-06T20:53:50-05:00 2023-06-30 910189318 Moss Adams LLP 3121 W March Ln Ste 200 Stockton CA 952192367 990 2022-07-01 952261113 Pitzer College PITZ 9096218043 1050 N Mills Avenue Claremont CA 917116101 Mia Alonzo Assistant VP/Controller 9096218043 2024-05-06 1 Mia Alonzo XXX-XX-XXXX 0 Tracy S Paglia P00366884 2099556100 2024-05-06 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Strom C Thacker 1050 N Mills Avenue Claremont CA 917116101 210466594 0 X www.pitzer.edu X 1963 CA Pitzer College is an educational institution focusing on undergraduate education. 32 31 1013 117 33606 4169 4036845 4522591 87311786 91550149 8886955 6032953 239622 870735 100475208 102976428 17776368 19598838 0 0 36816928 39776097 0 0 1652569 33248198 39502269 87841494 98877204 12633714 4099224 346814524 359153891 100005118 104244367 246809406 254909524 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 85475109 19598838 91474726 Pitzer College is an educational institution focusing on undergraduate education. The undergraduate full time equivalent enrollment for the year was 1,156 students. 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. 85475109 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 1 1 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 1 0 0 1 1786 0 1 1013 1 1 1 1 NP IT EC 0 0 0 0 0 0 0 0 0 0 X 32 31 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X Mia Alonzo The Claremont Colleges Services 9096218043 101 S Mills Ave Claremont CA 91711 Melvin L Oliver President (thru 06/22) 40.00 0.00 X 498701 0 74233 Laura Schaefer COO, VP and Treasurer 40.00 1.00 X 362106 0 94187 Al Wachtel Professor/Faculty (thru 06/23) 40.00 0.00 X 403445 0 49567 Daniel Segal Professor/Faculty (thru 06/23) 40.00 0.00 X 316509 0 48029 Paul Faulstitch Professor/Faculty (thru 07/22) 40.00 0.00 X 312592 0 23838 Allen Omoto - VP of Academic Affairs/Dean of Faculty 40.00 0.00 X 283244 0 41320 Ethel Jorge Professor/Faculty (thru 06/22) 40.00 0.00 X 273585 0 41206 Kimberly Shiner - VP of College Advan. & Comm. (thru 07/23) 40.00 0.00 X 260508 0 35721 Yvonne Berumen VP of Admission & Fin. Aid 40.00 0.00 X 204113 0 53805 Sandra Vasquez VP for Student Affairs (thru 07/23) 40.00 0.00 X 179057 0 75805 James Marchant VP Strategic Initiatives 40.00 0.00 X 192210 0 61766 Jill Klein - Interim President (thru 06/23)/Trustee 40.00 1.00 X X 245780 0 1738 Mia Alonzo Assistant VP/Controller 4.00 21.00 X 0 183403 57934 Nigel Boyle - ProfessorFaculty Former VP Academic Affairs 40.00 0.00 X 200703 0 35665 Sheryl Miller Professor/Faculty 40.00 0.00 X 196994 0 37832 Pamela Mader AVP for Finance 40.00 0.00 X 147958 0 66044 Melanie Lacy Sorenson Board Secretary 40.00 1.00 X 86404 0 34548 Donald P Gould Chair of the Board 8.00 1.00 X X 0 0 0 Michele Siqueiros Vice Chair 8.00 0.00 X X 0 0 0 Bridget Baker Trustee 2.00 0.00 X 0 0 0 Angela Glover Blackwell Trustee 2.00 0.00 X 0 0 0 Diana Bob Trustee 2.00 0.00 X 0 0 0 Thomas Brock Trustee 2.00 0.00 X 0 0 0 Harold A Brown Trustee 2.00 0.00 X 0 0 0 Steven Chang Trustee 2.00 0.00 X 0 0 0 Stephen Davis Trustee 2.00 0.00 X 0 0 0 Mark Eggert Trustee 2.00 0.00 X 0 0 0 Tyrus Emory Trustee 2.00 0.00 X 0 0 0 Louise Ann Fernandez Trustee 2.00 0.00 X 0 0 0 Julie Flapan Trustee 2.00 0.00 X 0 0 0 Ruett Stephen Foster Trustee 2.00 0.00 X 0 0 0 Wendy Glenn Trustee 2.00 0.00 X 0 0 0 David H Good Trustee 2.00 0.00 X 0 0 0 Jonathan P Graham Trustee 2.00 0.00 X 0 0 0 Gina Hoagland Trustee 2.00 0.00 X 0 0 0 David B Levin Trustee 2.00 0.00 X 0 0 0 Derek Mitchell Trustee 2.00 0.00 X 0 0 0 Kenneth R Pitzer Trustee 2.00 0.00 X 0 0 0 Douglas Price Trustee 2.00 0.00 X 0 0 0 Jon Reingold Trustee 2.00 0.00 X 0 0 0 James S Rhodes III Trustee 2.00 0.00 X 0 0 0 Alissa Okuneff Roston Trustee 2.00 0.00 X 0 0 0 Josh Schlesinger Trustee 2.00 0.00 X 0 0 0 William D Sheinberg Trustee 2.00 0.00 X 0 0 0 Shahan Soghikian Trustee 2.00 0.00 X 0 0 0 Louise Beaudette Thornton Trustee 2.00 0.00 X 0 0 0 Tracy M Tindle Trustee 2.00 0.00 X 0 0 0 Gulnar Vaswani Trustee 2.00 0.00 X 0 0 0 Cathy Siegel Weiss Trustee 2.00 0.00 X 0 0 0 4163909 183403 833238 73 1 1 0 Hamilton Healthcare Construction 202 Mercury Circle Pomona CA 91768 Construction 6098772 Bon Appetit PO Box 50196 Los Angeles CA 900740196 Food Service 4101763 Ireland Sound Systems 1232 Monte Vista Avenue Suite 7 Upland CA 91786 Technology - Sound Systems 547412 DLA Piper LLP (US) 6225 Smith Avenue Baltimore MD 21209 Legal Services 427851 Hamilton Health Box Inc 2450 Holcombe Boulevard Suite X240 Houston TX 77021 Health Services 397145 15 508310 4014281 256188 4522591 Tuition and fees 611600 70750868 70750868 Auxiliary enterprises 611710 19705056 19705056 Federal grants and contracts 611710 585730 585730 Summer conferences 611710 428752 428752 Sales of inventory 611710 75423 75423 4320 4320 91550149 3640856 -24074 3664930 6480 0 6480 6480 6480 107536378 2345885 101948473 5541693 5587905 -3195808 2392097 57680 2334417 Insurance proceeds 900099 703634 703634 Other sources 900099 160621 160621 864255 102976428 91474726 33606 6945505 17427555 17427555 2171283 2171283 2861775 1215577 1333694 312504 23556 23556 28004260 24820488 2383393 800379 3041675 2695624 254939 91112 3744365 3327498 279303 137564 2100466 1806666 213681 80119 1463314 1463314 218778 4900 213878 129127 129127 4558909 4089029 385374 84506 165840 154817 6146 4877 1764404 1450461 274610 39333 1133027 634944 466919 31164 2594402 2450231 141353 2818 1764266 1685563 62356 16347 967485 672335 273446 21704 2360384 2283939 76445 189123 81517 99241 8365 4596898 4417262 179636 556894 9935 546959 Related orgs and affili 10940500 8185482 2755018 Food and housing 4324921 4324921 Maintenance and repair 1097040 1043951 53089 Non capitalized equipme 218646 152099 66547 458311 345476 91058 21777 98877204 85475109 11749526 1652569 2161541 1320472 46077225 41883632 1977711 1785093 4942713 4127925 38268 87483 706755 1081404 156988697 65243128 91241153 91745569 133628708 150525511 62644077 57590185 1287693 1053142 2108680 7953475 346814524 359153891 6017740 4077595 945850 1067686 86018878 86288200 32793 5936443 6989857 6874443 100005118 104244367 X 163847753 170136418 82961653 84773106 246809406 254909524 346814524 359153891 X 4099224 3944580 56314 X 0 1 X 1 1 1 X 8681392 4442794 4144084 4036845 4522592 25827707 8681392 4442794 4144084 4036845 4522592 25827707 3372106 22455601 2606194 2547400 2055104 3427780 3671410 14307888 156349 5493 161842 579588 2173208 218863 233860 864254 4069773 44367210 376581616 0.50610 0.52470 X Schedule A, Part II, Line 10, Explanation of Other Income: Other Income - 2018 Amount: $ 579,588. 2019 Amount: $ 473,208. 2020 Amount: $ 218,863. 2021 Amount: $ 233,860. 2022 Amount: $ 864,254. Gain on settlement - 2019 Amount: $ 1,700,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 168248383 280143 8228357 1065594 5579619 111322 170000348 179391175 1019719 -5932005 956323 5067476 206707 168248383 144435157 609283 40237958 914777 4881347 95099 179391175 144599991 282591 5402741 886199 4751446 212521 144435157 141909218 246419 8320231 875971 4736122 263784 144599991 0.58900 0.22000 0.19100 1 0 11489577 11489577 131763944 53869856 77894088 12634556 11373272 1261284 1100620 1100620 91745569 Limited Partnerships 33409140 F Hedge Funds 24181045 F 57590185 Government advances for student loans 473794 Annuities payable 57551 Early retirement liability 5392823 Asset retirement obligation 950275 6874443 X 87458906 3944580 138100 4082680 83376226 129127 19471075 19600202 102976428 79475817 135209 135209 79340608 129127 19407469 19536596 98877204 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, research, student programs, facilities and general operations of the College. Part X, Line 2: The objective of the College is to maintain and conduct a 501(c)(3) nonprofit educational institution. The primary purpose of accounting and reporting is the recording of resources received and applied rather than the determination of net income. The College had no uncertain tax positions and/or obligations at June 30, 2023 and 2022. The College's tax returns are subject to review and examination by federal and state authorities. Part XI, Line 2d - Other Adjustments: Comprehensive gain on defined benefit plans 12,864. Actuarial adjustments 125,236. Part XI, Line 4b - Other Adjustments: Student financial aid 19,407,469. Unrelated business income from partnerships 33,606. Realized gains on contributions receivable 30,000. Part XII, Line 2d - Other Adjustments: Expenses reported on Pitzer College Costa Rica's return 117,029. Capital contribution to SPPH 18,180. Part XII, Line 4b - Other Adjustments: Student financial aid 19,407,469. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 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: https://www.pitzer.edu/about/statement-of-non-discrimination-e qual-opportunity-and-related-laws/. The policy was also published in the local newspaper indicating the non-discrimination policy for the College. Schedule E, Part I, Line 6 Pitzer College participates in the Pell Grant, Supplemental Educational Opportunity Grant, Cal Grants, College Work-Study, NSF STEM grant scholarships and Perkins Loan programs. 1 Sub-Saharan Africa 1 1 Program services Education 192034 Central America and the Caribbean 1 1 Program services Education 397336 South America 1 1 Program services Education 365683 Europe (including Iceland and Greenland) 1 1 Program services Education 157302 South Asia 1 1 Program services Education 235257 East Asia and the Pacific 1 1 Program services Education 45533 Central America and the Caribbean 0 0 Investments 24187884 Central America and the Caribbean 0 0 Program services PCCR Expenses 117029 Central America and the Caribbean 0 0 Grants to recipients in the region 434264 East Asia and the Pacific 0 0 Grants to recipients in the region 162471 Europe (including Iceland and Greenland) 0 0 Grants to recipients in the region 1081633 North America 0 0 Grants to recipients in the region 35238 South America 0 0 Grants to recipients in the region 371370 South Asia 0 0 Grants to recipients in the region 40949 Sub-Saharan Africa 0 0 Grants to recipients in the region 45358 6 6 0 0 6 6 25698058 2171283 27869341 Scholarship Central America and the Caribbean 10 434264 Application to student account Scholarship East Asia and the Pacific 3 162471 Application to student account Scholarship Europe (Including Iceland & Greenland) 16 1081633 Application to student account Scholarship North America 1 35238 Application to student account Scholarship South America 5 371370 Application to student account Scholarship South Asia 1 40949 Application to student account Scholarship Sub-Saharan Africa 1 45358 Application to student account 1 0 1 1 1 0 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 dependents 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. Part I, line 3: Accrual Method Part III, Col (c): Student records Part III Accounting Method: 1 Institutional Grant Aid 327 16965051 SEOG Grants 62 231135 Stipends 178 191369 Davis UWC Scholarship 4 40000 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 dependents 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 1 1 X X X X X 1 0 0 0 0 0 0 0 0 Melvin L Oliver President (thru 06/22) 498701 0 0 0 0 0 38800 0 35433 0 572934 0 0 0 Laura Schaefer COO, VP and Treasurer 362106 0 0 0 0 0 17209 0 76978 0 456293 0 0 0 Al Wachtel Professor/Faculty (thru 06/23) 201667 0 0 0 201778 0 36600 0 12967 0 453012 0 0 0 Daniel Segal Professor/Faculty (thru 06/23) 156254 0 0 0 160255 0 30680 0 17349 0 364538 0 0 0 Paul Faulstitch Professor/Faculty (thru 07/22) 72133 0 0 0 240459 0 19118 0 4720 0 336430 0 0 0 Allen Omoto - VP of Academic Affairs/Dean of Faculty 283244 0 0 0 0 0 8505 0 32815 0 324564 0 0 0 Ethel Jorge Professor/Faculty (thru 06/22) 135748 0 0 0 137837 0 26430 0 14776 0 314791 0 0 0 Kimberly Shiner - VP of College Advan. & Comm. (thru 07/23) 260508 0 0 0 0 0 31059 0 4662 0 296229 0 0 0 Yvonne Berumen VP of Admission & Fin. Aid 204113 0 0 0 0 0 36600 0 17205 0 257918 0 0 0 Sandra Vasquez VP for Student Affairs (thru 07/23) 179057 0 0 0 0 0 31613 0 44192 0 254862 0 0 0 James Marchant VP Strategic Initiatives 192210 0 0 0 0 0 36600 0 25166 0 253976 0 0 0 Jill Klein - Interim President (thru 06/23)/Trustee 245780 0 0 0 0 0 0 0 1738 0 247518 0 0 0 Mia Alonzo Assistant VP/Controller 0 177443 0 5000 0 960 0 31372 0 26562 0 241337 0 0 Nigel Boyle - ProfessorFaculty Former VP Academic Affairs 200703 0 0 0 0 0 35292 0 373 0 236368 0 0 0 Sheryl Miller Professor/Faculty 196994 0 0 0 0 0 36600 0 1232 0 234826 0 0 0 Pamela Mader AVP for Finance 147958 0 0 0 0 0 29172 0 36872 0 214002 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. The President is required to live in a Pitzer owned or leased residence as part of his/her contract. All maintenance expenses related to the house are paid by Pitzer. Social club fees are paid by the College. The value of these benefits was not included in the President's taxable compensation. Part I, Line 4a Severance payments (faculty early retirement program) are made based upon agreements between certain qualifying employees and Pitzer College. Details of the terms and conditions of the severance agreements are available to the IRS upon request. P. Faustitch - $240,459 E. Jorge - $137,837 D. Segal - $160,255 A. Wachtel - $201,778 A California Municipal Finance Authority 2017 201563466 000000000 2017-08-01 58024789 Advance refund CEFA 2009 and facility renovations 0 0 0 B California Municipal Finance Authority 2020 201563466 000000000 2020-09-16 31925000 Refund CMFA 2014 bonds, facility renovations 0 0 0 C California Municipal Finance Authority 2022 201563466 000000000 2022-07-01 25000000 SPPH guarantee 0 0 0 A 2956153 58024789 50522789 384599 7117401 2018 0 1 1 1 B 32000000 267340 9071101 22661559 2023 1 0 1 1 C 13975015 146696 13828319 0 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 1 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 Part II, Line 3, Bonds B and C: The difference between the issue price and the total proceeds of the issue for Bond B is due to the bond discount. The difference between the issue price and the total proceeds of the issue for Bond C is due to the full tax-exempt loan not be fully drawn by the end of the tax year as well as the bond discount. David Robinson Family member of key employee A. Omoto 23556 Employment compensation 0 X 28 256188 FMV 0 0 1 0 Part I, Column (b): The College is reporting the number of contributions in column (b). Form 990, Part VI, Section A, line 1a The Executive Committee consists of the Chair of the Board, the Vice-Chair of the Board, the President of the College, the chairperson (or, alternatively, the vice chairperson) of each standing committee, two at-large Trustees (appointed by vote of a majority of the Trustees then in office). Subject to limitations contained in California Corporations Code Section 5212(a) and additional limitations contained in the Pitzer College Bylaws, when the Pitzer College Board of Trustees is not in session, the Executive Committee has the authority of the Board of Trustees. Form 990, Part VI, Section B, line 11b The Form 990 is reviewed by the Chief Operating Officer and Treasurer, Assistant Vice President for Finance and the Controller. It is then posted to a secure website where Trustees do a final review prior to filing. The Audit and Risk Management Committee also reviews the Form 990 with staff and outside tax preparation firm, Moss Adams LLP. 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 annually 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: 4.11 (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 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 designated 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 for the President, Director of Finance, and Chief Operating Officer. The Director of Human Resources retains the minutes and analyses as documentation of this process. This process was completed in May, 2022 for the year ended June 30, 2023. President's contract: As outlined in the College's Bylaws, the Board's Executive Committee annually conducts a performance review of the President. Under the Bylaws, 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. Form 990, Part VI, Section C, line 19 - Governing documents are made available to the general public upon request - Conflict of interest policy is made available to the general public upon request - Audited financial statements are available on the College's website Form 990, Part XI, line 9: Comprehensive Gain/(Loss) on defined benefit plans 125,236. Actuarial adjustment 12,864. Unrelated business income from partnerships -33,606. Realized gains on contributions receivable -30,000. Capital contribution to SPPH -18,180. Pitzer College BTC Trust c/o BlackRock Institutional Trust C San Francisco CA 94105 306596452 Grantor trust CA 285743 74121858 Pitzer College The Claremont Colleges Inc 101 S Mills Ave Claremont CA 91711 954786748 Support Claremont colleges CA 501(c)(3) Line 12a, 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) Line 12a, I Pitzer College 1 Scripps-Pitzer Property Holdings LLC 1030 North Columbia Ave Claremont CA 91711 842206074 Property holding CA N/A Excluded -264072 32666457 0 1 0.50000 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 1 Pitzer College Costa Rica R 298365 Cash basis Scripps-Pitzer Property Holdings LLC D 14100015 Loan guarantee