2026-05-07T11:12:24-05:00 2025-06-30 390859910 Baker Tilly Advisory Group LP 6320 Canoga Avenue 17th Floor Woodland Hills CA 91367 990 2024-07-01 954786748 The Claremont Colleges Inc CLAR 9096218043 101 S Mills Ave Claremont CA 91711 Mia Alonzo Assistant VP/Controller 9096218043 2026-05-06 1 1 Lauren A Haverlock P00545829 8185771900 2026-05-06 2024 2025-03-06 01:10:19Z The Claremont Colleges Services Stig Lanesskog 101 S Mills Ave Claremont CA 91711 188634997 0 X https://services.claremont.edu/ X 2000 CA To provide exceptional shared services to the members of The Claremont Colleges. 18 10 447 10 108588 44270 288425 176353 54291075 58886048 2593564 3087055 3256394 2981 60429458 62152437 300 75 0 0 31971178 33894944 0 0 0 23010642 23458618 54982120 57353637 5447338 4798800 159060093 168047155 25445649 25678559 133614444 142368596 To provide exceptional shared services as the preferred partner of The Claremont Colleges. 0 0 27316643 0 34379716 Institutional Support services provided to the Claremont Colleges by TCC include: food services administration; physical plant and facilities support; payroll and accounting; information technology; real estate; risk management; and employee benefits. Additional functions include advancing The Claremont Colleges, founding additional institutions and promoting cooperation among members to enhance programs. 14658817 0 14305725 Academic Support services provided by TCC include the central library system and bookstore providing library services and making textbooks available for the faculty and students of the Claremont Colleges. 8755834 75 10200607 Student services provided to the Claremont Colleges by TCC include: health and counseling services; ethnic centers; an interfaith office of chaplains and campus safety. 50731294 1 1 0 0 0 0 0 1 1 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 137 0 1 447 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 18 10 0 0 0 1 0 1 1 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 Gabrielle G Starr Constituent Member (thru 01/25) 1.00 40.00 X 0 818840 819918 Hiram E Chodosh Constituent Member 1.00 40.00 X 0 687590 216553 Harriett B Nembhard Constituent Member 1.00 50.00 X 0 692627 118460 Strom C Thacker Constituent Member 1.00 40.00 X 0 531615 182585 Amy Marcus-Newhall Constituent Member 1.00 40.00 X 0 579500 47409 Stig Lanesskogg Chief Executive Officer 40.00 0.00 X X 502907 0 77069 Robert Gaines Constituent Member (as of 01/25) 1.00 0.00 X 0 366140 47322 Michelle Bligh Constituent Member (as of 02/25) 1.00 40.00 X 0 333601 36604 Mohamed Abousalem Constituent Member (as of 07/24) 1.00 40.00 X 0 286907 4700 Timothy J Kirley Constituent Member (thru 02/25) 1.00 40.00 X 0 8393 0 James C Bean Chair of the Board (as of 07/25) 1.00 1.00 X 0 0 0 Janet Benton Constituent Member (as of 07/24) 1.00 1.00 X 0 0 0 Donald P Gould Constituent Member 1.00 8.00 X 0 0 0 Ross Grossman Constituent Member 1.00 1.00 X 0 0 0 Mark B Helm Director 1.00 0.00 X 0 0 0 Laura Hockett Constituent Member 1.00 4.00 X 0 0 0 Jeanne Holm Constituent Member (as of 07/24) 1.00 1.50 X 0 0 0 Cristina Rose Director 1.00 0.00 X 0 0 0 Nina Russell Director 1.00 0.00 X 0 0 0 Kenneth J Valach Constituent Member (as of 07/24) 1.00 2.00 X 0 0 0 Stephanie Blaisdell VP for Student Affairs 40.00 0.00 X 331999 0 30421 Vanessa Aguirre VP of Finance & Treasurer 40.00 0.00 X 278389 0 56794 Colin Tudor - Secr to the Board/AVP for Comm Relations 40.00 0.00 X 265519 0 57386 Mia Alonzo Assistant Vice President/Controller 20.00 28.00 X 201562 0 42581 Janet Bishop Dean of the Library 40.00 0.00 X 229733 0 37888 Lee Gilbertson - AVP of Information Technology Services 40.00 0.00 X 184825 0 38194 Elizabeth Morgan - Director for SIS Implementation 40.00 0.00 X 239994 0 46644 Jairo Ospina - Project Manager for SIS Implementation 40.00 0.00 X 182994 0 41954 Dennis Miller - AVP for HR and Benefits Admin 40.00 0.00 X 197704 0 23763 Michael Hallinan AVP of Campus Safety 40.00 0.00 X 195677 0 20515 Laura Landa AVP of Communications 40.00 0.00 X 179457 0 18481 2990760 4305213 1965241 50 0 1 0 Anthology Inc 5201 Congress Avenue Suite 220A Boca Raton FL 33487 Consulting 3450463 Workday 6230 Stoneridge Mail Road Pleasanton CA 94588 Consulting 2887710 ThyssenKrupp Elevator Corporation 788 Circle 75 Pkwy SE Ste 500 Atlanta GA 30339 Maintenance 683432 HMC Architects 3546 Concours Street Ontario CA 91764 Architecture 635369 TimelyCare 1315 S Adams Street Fort Worth TX 76104 Medical - Psychiatric 575426 32 176353 176353 Support Services 611710 58765283 58765283 Program Rental 611710 120765 120765 58886048 2393926 108588 2285338 198 198 36320 33339 2981 2981 2981 127142152 126449221 692931 692931 692931 62152437 58886048 108588 2981448 75 75 2293768 1058578 1235190 23726868 21459507 2267361 2254517 2044551 209966 3656393 3216334 440059 1963398 1704760 258638 957395 789929 167466 172304 172304 162483 162483 4003620 3637615 366005 64528 52587 11941 3533820 3477700 56120 1948703 1406848 541855 1735137 1731120 4017 295383 271716 23667 540593 458416 82177 520113 497863 22250 909699 894506 15193 2425316 1881900 543416 164168 163813 355 Books & Periodicals 4778013 4775325 2688 Building Repair 701569 614340 87229 Non-capitalized Equipme 404967 313306 91661 Food & Housing 2220 2220 138587 105981 32606 57353637 50731294 6622343 0 5049211 10268895 9207453 2523031 6961295 6154392 488955 496640 2297365 2209250 123736633 47483051 48252422 76253582 54508911 31320803 30822575 37767413 898021 641444 573885 411705 159060093 168047155 11635913 9969517 8997616 8403136 2458718 2694606 1498986 3906693 854416 704607 25445649 25678559 X 98181472 103101622 35432972 39266974 133614444 142368596 159060093 168047155 X 4798800 4078715 -123363 X 0 1 X 1 0 X X X 7 Pomona College 951664112 2 1 0 0 Claremont Graduate University 951664100 2 1 0 0 Scripps College 951664123 2 1 0 0 Claremont McKenna College 951664101 2 1 0 0 Harvey Mudd College 951911219 2 1 0 0 Pitzer College 952261113 2 1 0 0 Keck Graduate Institute of Applied Life Sciences 954625327 2 1 0 0 7 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 Schedule A, Part I, Line 12, Col (vi) - Other Support The purpose of TCC is to support The Claremont Colleges (organizations listed under Schedule A, Part I, item 12). Therefore, all of the program expenses are support paid for the benefit of the organizations listed. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 31600 X X X X X See Part XIV 0 0 1 X 34412014 0 4277345 8855 1386702 162483 37131319 31612888 29318 4494141 7743 1367151 349439 34412014 31157526 4984 2046111 7248 1317918 270567 31612888 34520534 19345 -1910135 6569 1257760 207889 31157526 27013697 1000 9042480 6083 1282289 248271 34520534 0.01000 0.34000 0.65000 1 1 1 25651390 25651390 51614319 41487880 10126439 18713137 5523491 13189646 27757787 471680 27286107 76253582 Private Equity/Venture Capital 18132 F Pooled Investments Held at Claremont Investment Fund 37749281 F 37767413 Asset Retirement Obligation 264338 Lease Obligation - Operating 440269 704607 X 65978645 4078715 18564 4097279 61881366 162483 108588 271071 62152437 57224493 33339 33339 57191154 162483 162483 57353637 Part III, Line 4: TCC holds a historic musical instrument (violin), which is used in the above activities as well as for teaching and performance, which furthers the educational purpose of the affiliated institutions. Part IV, Line 2b: The funds held for others consist of intercollegiate program surplus of $2,694,606. Part V, Line 4: TCC uses the earnings of its endowment funds according to the direction of the donor. Earnings are primarily used to support the Libraries of the Claremont Colleges and intercollegiate scholarships and professorships. Where no donor intent is specified, the earnings fund the general operations of TCC. Part X, Line 2: TCC is exempt from Federal and California income taxes under Section 501(c)(3) of the Internal Revenue Code and Section 23701(d) of the California Revenue and Taxation Code, except for taxes on unrelated business income. Since TCC had no material unrelated business income for the years ended June 30, 2025 and 2024, no provision for income taxes has been made in the accompanying financial statements. In accordance with generally accepted account principles, TCC had no uncertain tax positions at June 30, 2025 and 2024. Part XI, Line 2d - Other Adjustments: Actuarial Adjustment -14,775. Rental Expense 33,339. Part XI, Line 4b - Other Adjustments: Partnership Income from Sch K-1 108,588. Part XII, Line 2d - Other Adjustments: Rental Expense 33,339. X X 1 1 X X 0 1 0 0 0 0 0 0 0 Gabrielle G Starr Constituent Member (thru 01/25) 0 717960 0 0 0 100880 0 113028 0 706890 0 1638758 0 0 Hiram E Chodosh Constituent Member 0 662750 0 0 0 24840 0 115348 0 101205 0 904143 0 0 Harriett B Nembhard Constituent Member 0 659400 0 0 0 33227 0 41400 0 77060 0 811087 0 0 Strom C Thacker Constituent Member 0 525615 0 0 0 6000 0 63000 0 119585 0 714200 0 0 Amy Marcus-Newhall Constituent Member 0 579500 0 0 0 0 0 41400 0 6009 0 626909 0 0 Stig Lanesskogg Chief Executive Officer 453947 0 0 0 48960 0 47202 0 29867 0 579976 0 0 0 Robert Gaines Constituent Member (as of 01/25) 0 343140 0 0 0 23000 0 38028 0 9294 0 413462 0 0 Michelle Bligh Constituent Member (as of 02/25) 0 333601 0 0 0 0 0 23531 0 13073 0 370205 0 0 Stephanie Blaisdell VP for Student Affairs 282687 0 0 0 49312 0 29612 0 809 0 362420 0 0 0 Vanessa Aguirre VP of Finance & Treasurer 277429 0 0 0 960 0 30778 0 26016 0 335183 0 0 0 Colin Tudor - Secr to the Board/AVP for Comm Relations 264559 0 0 0 960 0 29388 0 27998 0 322905 0 0 0 Mohamed Abousalem Constituent Member (as of 07/24) 0 273895 0 0 0 13012 0 0 0 4700 0 291607 0 0 Elizabeth Morgan - Director for SIS Implementation 239034 0 0 0 960 0 25893 0 20751 0 286638 0 0 0 Janet Bishop Dean of the Library 228773 0 0 0 960 0 24224 0 13664 0 267621 0 0 0 Mia Alonzo Assistant Vice President/Controller 200602 0 0 0 960 0 21193 0 21388 0 244143 0 0 0 Jairo Ospina - Project Manager for SIS Implementation 182034 0 0 0 960 0 18647 0 23307 0 224948 0 0 0 Lee Gilbertson - AVP of Information Technology Services 183865 0 0 0 960 0 19160 0 19034 0 223019 0 0 0 Dennis Miller - AVP for HR and Benefits Admin 196744 0 0 0 960 0 20491 0 3272 0 221467 0 0 0 Michael Hallinan AVP of Campus Safety 194717 0 0 0 960 0 20013 0 502 0 216192 0 0 0 Laura Landa AVP of Communications 178497 0 0 0 960 0 18065 0 416 0 197938 0 0 0 Part I, Line 1a Housing is provided to the CEO for whom the fair market value of the rent is included as taxable income. Taxable cell phone allowances are provided to the organization's officers, key employees, and highest compensated employees reported in Form 990, Part VII. One other officer received a housing allowance and reimbursed moving expenses, which were included in taxable income. Part I, Line 4b Presidents of The Claremont Colleges participate in Section 457(f) plans provided by their respective institution. One or more of the Presidents received contributions to their plan during the year. A CA Educational Facilities Authority 521705592 130178ZQ2 2011-04-07 9095717 Facilities Renewal & Construction 0 0 0 B CA Educational Facilities Authority 521705592 130178P91 2012-08-02 9212026 Facilities Renewal & Construction 0 0 0 A 5293601 9096978 182732 3375037 5537986 2011 1 0 1 1 B 4347788 9213533 179979 9032047 2012 1 0 1 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 A 0 0 1 0 0 0 0 0 1 B 0 0 1 0 0 0 0 0 1 A 1 B 1 Schedule K, Part II, Line 3, Column A The difference between the issue price of $9,095,717 and proceeds of $9,095,794 is the result of investment earnings. Schedule K, Part II, Line 3, Column B The difference between the issue price of $9,212,026 and the proceeds of $9,212,147 is a result of investment earnings. Form 990, Part VI, Section A, line 5 During the period of January 2018 to July 2024, fraudulent TCC-issued credit cards designed for purchasing transactions ("P-card") transactions were made by a single plant operations supervisor in the organization. The majority of transactions were P-card charges for payments to a PayPal account and false documentation was provided to reconcile the expenses to make them appear as though PayPal was being used to pay for legitimate business purposes. Upon the discovery of suspected fraudulent charges in July 2024, the employee was removed from duty, and shortly thereafter resigned. The TCC Board and Audit committee retained counsel, and a forensic accounting firm investigated the suspected fraud. The investigation documented transactions believed to be fraudulent totaling approximately $1,056,985.47, occurring between January 2018 July 2024. Once the investigation was complete, legal counsel provided information to the FBI to evaluate for criminal prosecution. Subsequently, federal criminal charges were filed, and in January 2026 the former employee pled guilty and in April 2026 was sentenced to 13 months in prison and three years of supervised release. In the Plea Agreement filed in the case, the former employee admitted fraudulent transactions totaling approximately $1,000,571.31. A total of $1,057,458 was reimbursed through a claim under the TCC Crime Insurance program. The payment represented the net of the deductible and the reimbursement for forensic accounting services. In response to the misuse of the P-card system, TCC has implemented recommendations from the forensic accounting firm as well as additional recommendations from an agreed upon procedures review by an external independent audit firm. As a result of these reviews the following policy and procedural changes have been made. Policy Revisions: -Established clear spending thresholds. -Reduced monthly credit limits and created a standard credit limit by role. -Prohibited high-risk payment methods (e.g., digital wallets) and blocked 250+ Merchant Category Codes (MCC). Procedural Changes: -Purchases above limits are routed through formal requisition/PO processes requiring supervisor or secondary approvals. -Bi-annual reviews of credit limits and supervisor validation for exceptions to ensure alignment with business need. -Monthly review of purchasing card transactions to identify unusual or noncompliant activity. -Cardholder training covering policy, systems, and fraud awareness, supplemented with Financial Integrity training. -Role reviews ensure segregation of duties separation among cardholder, reviewer(s) and approver(s); and distinct supervisory oversight reinforced with training. -Expanded fraud and declined transaction alerts to supervisors. -Monthly reviews of unexpensed transactions and draft reports to detect anomalies and enforce compliance. -Escalating notifications for unsubmitted expenses; cards subject to revocation for transactions over 60 days old. -Bi-annual inactivity reviews and closure of unused cards after 12 months to reduce risk exposure. Form 990, Part VI, Section A, line 7a The Claremont Colleges, Inc. ("TCC") is the central coordinating institution of The Claremont Colleges, a cluster of seven undergraduate, graduate, and professional academic institutions ("Member Institutions"). The governing body of TCC is its Board of Directors ("Board"). The Board is composed of the Chief Executive Officer of TCC, the Presidents and Board Chairs of each of the seven Member Institutions, and at least three Independent Directors (who are elected or appointed by the Board). Form 990, Part VI, Section A, line 7b TCC is governed, in part, by a constitution. Article VIII of that constitution provides that it may be amended by the Board; however, amendments to six specific articles (Article II, Objectives, Article IV, Central Coordinating Institution, Article V, Size of Member Institutions, Article VI, Instructional Services, Article VII, Procedures for New Colleges and Other Institutions, and Article VIII, Amendments) become effective only "upon ratification by the respective boards of the member institutions." Form 990, Part VI, Section B, line 11b TCC 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. TCC has engaged an outside accounting firm to prepare the Form 990 using information provided by individuals in the Office of Financial Services and the Office of Human Resources, and changes are made as needed. Once a draft is available, it is reviewed by the Chief Executive Officer and Treasurer. After this review and any resulting changes are complete, the revised draft is provided to members of the TCC Audit Committee for questions and comments. Once questions and comments from the Audit Committee are fielded and issues resolved, the Committee accepts the Form 990 and provides it to all voting members of the Board of Directors prior to filing. Form 990, Part VI, Section B, line 12c The Conflict of Interest Policy applies to overseers, officers, and employees of TCC. Each year, the Secretary of the Board sends a copy of the policy along with a survey to all overseers and officers to determine if there are any conflicts of interest. The results are reviewed by the Chief Executive Officer to determine if any conflicts exist and are reported to the Audit Committee annually. Any action required due to a conflict is evaluated by the Audit Committee on a case by case basis and documented during committee deliberations. If a conflict if deemed to exist, the interested person shall be recused from decision-making processes and abstain from voting on the matter. Form 990, Part VI, Section B, line 15 TCC has an executive compensation review policy in place for independent review by the Board of Directors. Each year a report of compensation for officers, key employees and other disqualified persons (see Part VII) is prepared and includes historic compensation, and national and regional survey data. The Board meets to approve total compensation before any changes are implemented. Contemporaneous substantiation of the compensation approval is maintained in the form of board minutes. Form 990, Part VI, Section C, line 19 The governing/organizing documents are made available to the public upon request. The conflict of interest policy and financial statements are available on the TCC website: https://services.claremont.edu/ Form 990, Part XI, line 9: Actuarial Adjustment -14,775. Partnership Income from Sch K-1 -108,588. Pomona College 550 N College Ave Claremont CA 91711 951664112 Education CA 501(c)(3) Line 2 N/A 0 Claremont Graduate University 150 E 10th St Claremont CA 91711 951664100 Education CA 501(c)(3) Line 2 N/A 0 Scripps College 1030 Columbia Ave Claremont CA 91711 951664123 Education CA 501(c)(3) Line 2 N/A 0 Claremont McKenna College 500 E 9th St Claremont CA 91711 951664101 Education CA 501(c)(3) Line 2 N/A 0 Harvey Mudd College 301 Platt Blvd Claremont CA 91711 951911219 Education CA 501(c)(3) Line 2 N/A 0 Pitzer College 1050 N Mills Claremont CA 91711 952261113 Education CA 501(c)(3) Line 2 N/A 0 Keck Graduate Institute 535 Watson Dr Claremont CA 91711 954625327 Education CA 501(c)(3) Line 2 N/A 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0