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Nonprofiteer
← CLAREMONT INVESTMENT MANAGEMENT COMPANY

Form 990 for tax year 2022

Filed by CLAREMONT INVESTMENT MANAGEMENT COMPANY.

Totals

Total revenue
$5,354,565
Total expenses
$5,354,565
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$5,354,565
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,000
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,000
Program services expenses (Part IX)
$5,354,565
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$5,354,565

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: MANAGEMENT FEE INCOME

    total $5,354,565 · related or exempt $5,354,565

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $5,354,565 · program services $5,354,565

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,000 · end of year $1,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,000 · end of year $1,000

Mission and programs · 2022

Mission

TO MANAGE, SUPERVISE, OVERSEE AND INVEST ENDOWMENT AND OTHER FUNDS OF THE SUPPORTED ORGANIZATIONS.

Activities or mission (Part I)

TO MANAGE AND INVEST THE ENDOWMENT AND OTHER FUNDS OF THE SUPPORTED ORGANIZATIONS.

  • MANAGEMENT OF INVESTMENT ENDOWMENT AND OTHER FUNDS OF SUPPORTED ORGANIZATIONS.

    Expenses $5,354,565 · Revenue $5,354,565

As filed on the 2022 return.

Listed in Part VII

  • JAMES FLOYD

    PRESIDENT AND CEO

    Total calculated
    $838,358
    From this org
    $0
    From related orgs
    $753,750
    Other
    $84,608
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $0 + $600,000 related
    Bonus
    $0 + $153,500 related
    Other
    $0 + $250 related
    Deferred
    $0 + $54,160 related
    Nontaxable benefits
    $0 + $30,448 related
    Filer's total
    $0 + $838,358 related

  • ANDREW DORANTES

    FORMER VICE PRESIDENT

    Total calculated
    $502,989
    From this org
    $0
    From related orgs
    $410,137
    Other
    $92,852
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $410,137 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $36,600 related
    Nontaxable benefits
    $0 + $56,252 related
    Filer's total
    $0 + $502,989 related

  • MICHAEL DENNY

    VICE PRESIDENT AND DEPUTY CIO

    Total calculated
    $454,806
    From this org
    $0
    From related orgs
    $382,500
    Other
    $72,306
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $0 + $307,500 related
    Bonus
    $0 + $75,000 related
    Other
    $0
    Deferred
    $0 + $54,160 related
    Nontaxable benefits
    $0 + $18,146 related
    Filer's total
    $0 + $454,806 related

  • MATTHEW BIBBENS

    SECRETARY

    Total calculated
    $421,383
    From this org
    $0
    From related orgs
    $350,087
    Other
    $71,296
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $326,587 related
    Bonus
    $0 + $23,500 related
    Other
    $0
    Deferred
    $0 + $54,160 related
    Nontaxable benefits
    $0 + $17,136 related
    Filer's total
    $0 + $421,383 related

  • ERIN WATKINS

    CFO

    Total calculated
    $331,711
    From this org
    $0
    From related orgs
    $286,000
    Other
    $45,711
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $257,500 related
    Bonus
    $0 + $28,500 related
    Other
    $0
    Deferred
    $0 + $28,457 related
    Nontaxable benefits
    $0 + $17,254 related
    Filer's total
    $0 + $331,711 related

  • ABBOTT BROWN

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MICHAEL LARSON

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • TINA DANIELS

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • PETER K BARKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ROBERT A DAY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MATTHEW FERRI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • SHAMIT GROVER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • MAR HERSHENSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JAMES B MCELWEE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • HARRY T MCMAHON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • G JEFFREY RECORDS JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CHRISTOPHER V WALKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
A RELATED ORGANIZATION SET THE COMPENSATION OF THE TOP FINANCIAL OFFICIAL USING ONE OR MORE METHODS DESCRIBED ON SCHEDULE J, PART I, LINE 3.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202411359349313411

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