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Nonprofiteer
← CLAREMONT INVESTMENT MANAGEMENT COMPANY

Form 990 for tax year 2023

Filed by CLAREMONT INVESTMENT MANAGEMENT COMPANY.

Totals

Total revenue
$5,774,529
Total expenses
$5,774,529
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$5,774,529
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)
$5,774,529
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$5,774,529

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 $5,774,529 · related or exempt $5,774,529

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $5,774,529 · program services $5,774,529

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 · 2023

Mission

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

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

    Expenses $5,774,529 · Revenue $5,774,529

As filed on the 2023 return.

Listed in Part VII

  • 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 (THRU 09/23)

    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

  • HEATHER MYERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • G JEFFREY RECORDS JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JAMES FLOYD

    PRESIDENT AND CEO

    Total calculated
    $994,307
    From this org
    $0
    From related orgs
    $888,315
    Other
    $105,992
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $0 + $612,500 related
    Bonus
    $0 + $274,615 related
    Other
    $0 + $1,200 related
    Deferred
    $0 + $58,896 related
    Nontaxable benefits
    $0 + $47,096 related
    Filer's total
    $0 + $994,307 related

  • MICHAEL DENNY

    VICE PRESIDENT AND DEPUTY CIO

    Total calculated
    $527,084
    From this org
    $0
    From related orgs
    $472,873
    Other
    $54,211
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $0 + $327,500 related
    Bonus
    $0 + $144,173 related
    Other
    $0 + $1,200 related
    Deferred
    $0 + $36,396 related
    Nontaxable benefits
    $0 + $17,815 related
    Filer's total
    $0 + $527,084 related

  • MATTHEW BIBBENS

    SECRETARY

    Total calculated
    $414,392
    From this org
    $0
    From related orgs
    $335,790
    Other
    $78,602
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $334,950 related
    Bonus
    $0
    Other
    $0 + $840 related
    Deferred
    $0 + $37,034 related
    Nontaxable benefits
    $0 + $41,568 related
    Filer's total
    $0 + $414,392 related

  • ERIN WATKINS

    CFO

    Total calculated
    $338,517
    From this org
    $0
    From related orgs
    $290,000
    Other
    $48,517
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $290,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $31,532 related
    Nontaxable benefits
    $0 + $16,985 related
    Filer's total
    $0 + $338,517 related

  • ANDREW DORANTES

    FORMER VICE PRESIDENT

    Total calculated
    $492,847
    From this org
    $0
    From related orgs
    $427,073
    Other
    $65,774
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $427,073 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $39,600 related
    Nontaxable benefits
    $0 + $26,174 related
    Filer's total
    $0 + $492,847 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 MANAGEMENT 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
2023
Filed
5 May 2025
IRS schema version
2023v6.0
Source object
202511299349303821

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