Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $228,656

• 1f · All other contributions, gifts and grants

  $59,769

• 2a · Program service revenue: Support Services

  total $54,178,036 · related or exempt $54,178,036

• 2b · Program service revenue: Program Rental

  total $113,039 · related or exempt $113,039

• 3 · Investment income

  total $2,411,982 · unrelated business $68,920 · excluded $2,343,062

• 4 · Income from investment of tax-exempt bond proceeds

  total $775 · excluded $775

• 6a · Gross rents

  real property $46,261

• 6b · Less rental expenses

  real property $29,223

• 6c · Rental income or loss

  real property $17,038

• 6d · Net rental income or loss

  total $17,038 · excluded $17,038

• 7a · Gross sales of assets other than inventory

  securities $59,207,950

• 7b · Less cost or other basis and sales expenses

  securities $59,027,143

• 7c · Gain or loss

  securities $180,807

• 7d · Net gain or loss

  total $180,807 · excluded $180,807

• 11a · Other revenue: Legal Settlement

  total $3,239,356 · excluded $3,239,356

• 11e · Other revenue, total

  $3,239,356

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $300 · program services $300

• 5 · Compensation of officers, directors and key employees

  total $1,887,627 · program services $721,785 · management and general $1,165,842

• 6 · Compensation of disqualified persons

  total $216,142 · program services $216,142

• 7 · Other salaries and wages

  total $22,260,575 · program services $20,027,924 · management and general $2,232,651

• 8 · Pension plan contributions

  total $2,045,059 · program services $1,878,467 · management and general $166,592

• 9 · Other employee benefits

  total $3,782,494 · program services $3,352,640 · management and general $429,854

• 10 · Payroll taxes

  total $1,779,281 · program services $1,555,409 · management and general $223,872

• 11b · Fees: legal

  total $575,305 · program services $433,889 · management and general $141,416

• 11c · Fees: accounting

  total $197,441 · program services $191,713 · management and general $5,728

• 11f · Fees: investment management

  total $349,439 · management and general $349,439

• 11g · Fees: other

  total $4,719,388 · program services $4,194,647 · management and general $524,741

• 12 · Advertising and promotion

  total $92,798 · program services $78,832 · management and general $13,966

• 13 · Office expenses

  total $3,130,673 · program services $3,019,641 · management and general $110,847 · fundraising $185

• 14 · Information technology

  total $2,177,169 · program services $1,417,968 · management and general $759,201

• 16 · Occupancy

  total $1,447,355 · program services $1,443,834 · management and general $3,521

• 17 · Travel

  total $325,834 · program services $288,147 · management and general $37,687

• 19 · Conferences, conventions and meetings

  total $490,921 · program services $406,410 · management and general $84,511

• 20 · Interest

  total $471,019 · program services $447,315 · management and general $23,704

• 21 · Payments to affiliates

  total $893,897 · program services $879,381 · management and general $14,516

• 22 · Depreciation, depletion and amortization

  total $2,474,239 · program services $1,847,861 · management and general $626,378

• 23 · Insurance

  total $196,975 · program services $196,509 · management and general $466

• 24a · Other expenses: Books & Periodicals

  total $4,465,847 · program services $4,465,847

• 24b · Other expenses: Building Repair

  total $571,586 · program services $502,525 · management and general $69,061

• 24c · Other expenses: Non-capitalized Equipme

  total $280,674 · program services $168,030 · management and general $112,644

• 24d · Other expenses: Food & Housing

  total $23,610 · program services $23,610

• 24e · All other expenses

  total $126,472 · program services $94,223 · management and general $32,249

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,726,861 · end of year $5,049,211

• 2 · Savings and temporary cash investments

  beginning of year $4,305,969 · end of year $9,207,453

• 4 · Accounts receivable

  beginning of year $3,153,247 · end of year $6,961,295

• 8 · Inventories for sale or use

  beginning of year $394,752 · end of year $488,955

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,277,857 · end of year $2,297,365

• 10a · Land, buildings and equipment: cost or other basis

  $93,583,252

• 10b · Land, buildings and equipment: accumulated depreciation

  $45,330,830

• 10c · Land, buildings and equipment, net

  beginning of year $44,112,396 · end of year $48,252,422

• 11 · Investments: publicly traded securities

  beginning of year $59,349,105 · end of year $54,508,911

• 12 · Investments: other securities

  beginning of year $28,244,168 · end of year $30,822,575

• 13 · Investments: program-related

  beginning of year $3,111,695 · end of year $0

• 14 · Intangible assets

  beginning of year $1,154,599 · end of year $898,021

• 15 · Other assets

  beginning of year $687,154 · end of year $573,885

• 17 · Accounts payable and accrued expenses

  beginning of year $9,385,472 · end of year $11,635,913

• 20 · Tax-exempt bond liabilities

  beginning of year $9,732,096 · end of year $8,997,616

• 21 · Escrow or custodial account liability

  beginning of year $2,082,438 · end of year $2,458,718

• 24 · Unsecured notes and loans payable

  beginning of year $4,732,912 · end of year $1,498,986

• 25 · Other liabilities

  beginning of year $928,688 · end of year $854,416

• 27 · Net assets without donor restrictions

  beginning of year $91,172,265 · end of year $98,181,472

• 28 · Net assets with donor restrictions

  beginning of year $32,483,932 · end of year $35,432,972

The filer's explanations (Part III)

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.

Part I, Lines 4a-b

John Moe received a severance payment of $80,080 which is reported in Schedule J, Part II, Column B(iii). Terms of the agreement are available to the IRS upon request. Presidents of The Claremont Colleges participate in Section 457(f) plans provided by their respective institution. One or more of the Presidents received a payment per their plan agreement during the year.