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← PITZER COLLEGE

Form 990 for tax year 2023

Filed by PITZER COLLEGE.

Totals

Total revenue
$108,539,452
Total expenses
$106,720,082
Contributions and grants received
$4,942,347
Grants paid
$21,599,165
Program service revenue
$95,331,021
Investment income
$7,934,771
Other revenue
$331,313
Total assets, end of year
$370,941,078
Total liabilities, end of year
$99,947,586
Net assets or fund balances, end of year
$270,993,492
Program services expenses (Part IX)
$91,810,046
Management and general expenses
$13,278,133
Fundraising expenses
$1,631,903
Program service expenses (Part III)
$91,810,046

Program services were 86.0% 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.

  • 1e · Government grants (contributions)

    $173,351

  • 1f · All other contributions, gifts and grants

    $4,768,996

  • 1g · Noncash contributions included above

    $237,182

  • 2a · Program service revenue: Tuition and fees

    total $72,371,466 · related or exempt $72,371,466

  • 2b · Program service revenue: Auxiliary enterprises

    total $20,348,739 · related or exempt $20,348,739

  • 2c · Program service revenue: Federal grants and contracts

    total $1,873,142 · related or exempt $1,873,142

  • 2d · Program service revenue: Summer conferences

    total $669,769 · related or exempt $669,769

  • 2e · Program service revenue: Sales of inventory

    total $67,905 · excluded $67,905

  • 3 · Investment income

    total $5,496,650 · unrelated business $140,862 · excluded $5,355,788

  • 6a · Gross rents

    real property $7,048

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $7,048

  • 6d · Net rental income or loss

    total $7,048 · excluded $7,048

  • 7a · Gross sales of assets other than inventory

    securities $110,501,821 · other assets $3,195,958

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

    securities $104,842,297 · other assets $6,417,361

  • 7c · Gain or loss

    securities $5,659,524 · other assets -$3,221,403

  • 7d · Net gain or loss

    total $2,438,121 · unrelated business $68,548 · excluded $2,369,573

  • 11a · Other revenue: Other sources

    total $324,265 · excluded $324,265

  • 11e · Other revenue, total

    $324,265

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $19,814,685 · program services $19,814,685

  • 3 · Grants to foreign organizations and individuals

    total $1,784,480 · program services $1,784,480

  • 5 · Compensation of officers, directors and key employees

    total $2,647,319 · program services $1,097,657 · management and general $1,309,906 · fundraising $239,756

  • 6 · Compensation of disqualified persons

    total $402,104 · program services $402,104

  • 7 · Other salaries and wages

    total $30,520,864 · program services $27,022,813 · management and general $2,647,771 · fundraising $850,280

  • 8 · Pension plan contributions

    total $3,443,340 · program services $3,031,491 · management and general $318,779 · fundraising $93,070

  • 9 · Other employee benefits

    total $4,521,171 · program services $3,969,979 · management and general $430,786 · fundraising $120,406

  • 10 · Payroll taxes

    total $2,299,064 · program services $1,959,131 · management and general $268,519 · fundraising $71,414

  • 11a · Fees: management

    total $26,380 · program services $25,536 · management and general $844

  • 11b · Fees: legal

    total $723,292 · program services $28,380 · management and general $694,912

  • 11c · Fees: accounting

    total $311,496 · program services $7,972 · management and general $303,524

  • 11f · Fees: investment management

    total $326,807 · management and general $326,807

  • 11g · Fees: other

    total $3,719,502 · program services $3,292,389 · management and general $316,368 · fundraising $110,745

  • 12 · Advertising and promotion

    total $226,845 · program services $156,723 · management and general $60,937 · fundraising $9,185

  • 13 · Office expenses

    total $1,344,634 · program services $951,682 · management and general $353,331 · fundraising $39,621

  • 14 · Information technology

    total $1,298,890 · program services $721,379 · management and general $520,186 · fundraising $57,325

  • 16 · Occupancy

    total $4,780,848 · program services $4,616,076 · management and general $163,326 · fundraising $1,446

  • 17 · Travel

    total $1,715,425 · program services $1,594,782 · management and general $101,245 · fundraising $19,398

  • 19 · Conferences, conventions and meetings

    total $942,560 · program services $701,236 · management and general $232,182 · fundraising $9,142

  • 20 · Interest

    total $2,268,141 · program services $2,191,690 · management and general $76,451

  • 21 · Payments to affiliates

    total $219,404 · program services $90,638 · management and general $120,173 · fundraising $8,593

  • 22 · Depreciation, depletion and amortization

    total $4,995,061 · program services $4,745,506 · management and general $249,555

  • 23 · Insurance

    total $660,378 · program services $13,250 · management and general $647,097 · fundraising $31

  • 24a · Other expenses: Related orgs and affili

    total $13,540,841 · program services $9,579,424 · management and general $3,961,417

  • 24b · Other expenses: Food and housing

    total $2,159,443 · program services $2,159,443

  • 24c · Other expenses: Maintenance and repair

    total $1,402,104 · program services $1,338,674 · management and general $63,430

  • 24d · Other expenses: Non capitalized equipme

    total $102,319 · program services $76,885 · management and general $25,321 · fundraising $113

  • 24e · All other expenses

    total $522,685 · program services $436,041 · management and general $85,266 · fundraising $1,378

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,320,472 · end of year $6,530,488

  • 2 · Savings and temporary cash investments

    beginning of year $41,883,632 · end of year $30,135,882

  • 3 · Pledges and grants receivable

    beginning of year $1,785,093 · end of year $1,958,104

  • 4 · Accounts receivable

    beginning of year $4,127,925 · end of year $2,852,170

  • 7 · Other notes and loans receivable

    beginning of year $87,483 · end of year $65,105

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,081,404 · end of year $1,234,714

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

    $160,453,991

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

    $70,121,013

  • 10c · Land, buildings and equipment, net

    beginning of year $91,745,569 · end of year $90,332,978

  • 11 · Investments: publicly traded securities

    beginning of year $150,525,511 · end of year $172,767,425

  • 12 · Investments: other securities

    beginning of year $57,590,185 · end of year $41,631,482

  • 13 · Investments: program-related

    beginning of year $1,053,142 · end of year $17,117,478

  • 15 · Other assets

    beginning of year $7,953,475 · end of year $6,315,252

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,077,595 · end of year $4,433,778

  • 19 · Deferred revenue

    beginning of year $1,067,686 · end of year $1,030,740

  • 20 · Tax-exempt bond liabilities

    beginning of year $86,288,200 · end of year $83,696,614

  • 24 · Unsecured notes and loans payable

    beginning of year $5,936,443 · end of year $4,084,642

  • 25 · Other liabilities

    beginning of year $6,874,443 · end of year $6,701,812

  • 27 · Net assets without donor restrictions

    beginning of year $170,136,418 · end of year $180,306,879

  • 28 · Net assets with donor restrictions

    beginning of year $84,773,106 · end of year $90,686,613

Mission and programs · 2023

Mission

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.

Activities or mission (Part I)

Pitzer College is an educational institution focusing on undergraduate education.

  • Pitzer College is an educational institution focusing on undergraduate education. The undergraduate full time equivalent enrollment for the year was 1,135 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.

    Expenses $91,810,046 · Grants $21,599,165 · Revenue $95,331,021

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Strom C Thacker

    President

    Total calculated
    $372,018
    From this org
    $283,571
    From related orgs
    $0
    Other
    $88,447
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $281,071
    Bonus
    $0
    Other
    $2,500
    Deferred
    $41,522
    Nontaxable benefits
    $46,925
    Filer's total
    $372,018

  • Donald P Gould

    Chair of the Board

    Total calculated
    $0
    Hours/week
    8 + 1 related

  • Michele Siqueiros

    Vice Chair

    Total calculated
    $0
    Hours/week
    8

  • Jill Klein

    Trustee/Interim Pres (thru 06/23)

    Total calculated
    $340,792
    From this org
    $339,023
    From related orgs
    $0
    Other
    $1,769
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $302,780
    Bonus
    $0
    Other
    $36,243
    Deferred
    $0
    Nontaxable benefits
    $1,769
    Filer's total
    $340,792

  • Bridget Baker

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Diana Bob

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Thomas Brock

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Harold A Brown

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Steven Chang

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Mark Cunningham

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Stephen Davis

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Tyrus Emory

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Louise Ann Fernandez

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Julie Flapan

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Ruett Stephen Foster

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Wendy Glenn

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • David H Good

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Jonathan P Graham

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Gina Hoagland

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • David B Levin

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Derek Mitchell

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Kenneth R Pitzer

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Douglas Price

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Jon Reingold

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • James S Rhodes III

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Alissa Okuneff Roston

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Josh Schlesinger

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • William D Sheinberg

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Shahan Soghikian

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Louise Beaudette Thornton

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Tracy M Tindle

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Gulnar Vaswani

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Cathy Siegel Weiss

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Laura Schaefer

    COO, VP and Treasurer

    Total calculated
    $483,679
    From this org
    $368,527
    From related orgs
    $0
    Other
    $115,152
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $368,527
    Bonus
    $0
    Other
    $0
    Deferred
    $39,600
    Nontaxable benefits
    $75,552
    Filer's total
    $483,679

  • Pamela Mader

    AVP for Finance

    Total calculated
    $227,143
    From this org
    $167,545
    From related orgs
    $0
    Other
    $59,598
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,545
    Bonus
    $0
    Other
    $0
    Deferred
    $21,604
    Nontaxable benefits
    $37,994
    Filer's total
    $227,143

  • Melanie Lacy Sorenson

    Board Secretary

    Total calculated
    $154,923
    From this org
    $124,416
    From related orgs
    $0
    Other
    $30,507
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $124,416
    Bonus
    $0
    Other
    $0
    Deferred
    $13,500
    Nontaxable benefits
    $17,007
    Filer's total
    $154,923

  • Mia Alonzo

    Assistant VP/Controller

    Total calculated
    $235,239
    From this org
    $0
    From related orgs
    $189,001
    Other
    $46,238
    Hours/week
    4 + 21 related

    Schedule J breakdown matched by us

    Base
    $0 + $189,001 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $20,237 related
    Nontaxable benefits
    $0 + $26,001 related
    Filer's total
    $0 + $235,239 related

  • Allen Omoto - VP of Academic

    Affairs/Dean of Faculty

    Total calculated
    $367,740
    From this org
    $297,212
    From related orgs
    $0
    Other
    $70,528
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $297,212
    Bonus
    $0
    Other
    $0
    Deferred
    $36,609
    Nontaxable benefits
    $33,919
    Filer's total
    $367,740

  • Yvonne Berumen

    VP of Admission & Fin. Aid

    Total calculated
    $254,236
    From this org
    $209,760
    From related orgs
    $0
    Other
    $44,476
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $209,760
    Bonus
    $0
    Other
    $0
    Deferred
    $25,582
    Nontaxable benefits
    $18,894
    Filer's total
    $254,236

  • James Marchant

    VP Strategic Initiatives

    Total calculated
    $270,659
    From this org
    $216,475
    From related orgs
    $0
    Other
    $54,184
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $216,475
    Bonus
    $0
    Other
    $0
    Deferred
    $26,599
    Nontaxable benefits
    $27,585
    Filer's total
    $270,659

  • Kimberly Shiner - VP of College

    Advan. & Comm. (thru 07/23)

    Total calculated
    $212,121
    From this org
    $187,066
    From related orgs
    $0
    Other
    $25,055
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,906
    Bonus
    $0
    Other
    $32,160
    Deferred
    $22,330
    Nontaxable benefits
    $2,725
    Filer's total
    $212,121

  • Al Wachtel

    Professor/Faculty (thru 06/23)

    Total calculated
    $460,769
    From this org
    $444,325
    From related orgs
    $0
    Other
    $16,444
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $103,153
    Bonus
    $0
    Other
    $341,172
    Deferred
    $12,417
    Nontaxable benefits
    $4,027
    Filer's total
    $460,769

  • Sharon N Snowiss

    Professor/Faculty

    Total calculated
    $411,458
    From this org
    $387,649
    From related orgs
    $0
    Other
    $23,809
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,979
    Bonus
    $0
    Other
    $192,670
    Deferred
    $23,397
    Nontaxable benefits
    $412
    Filer's total
    $411,458

  • Ethel Jorge

    Professor/Faculty (thru 06/23)

    Total calculated
    $314,791
    From this org
    $273,585
    From related orgs
    $0
    Other
    $41,206
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $43,857
    Bonus
    $0
    Other
    $229,728
    Deferred
    $26,430
    Nontaxable benefits
    $14,776
    Filer's total
    $314,791

  • Daniel Segal

    Professor/Faculty (thru 06/23)

    Total calculated
    $365,438
    From this org
    $345,724
    From related orgs
    $0
    Other
    $19,714
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $78,633
    Bonus
    $0
    Other
    $267,091
    Deferred
    $9,862
    Nontaxable benefits
    $9,852
    Filer's total
    $365,438

  • David S Moore

    Professor/Faculty (thru 06/24)

    Total calculated
    $284,419
    From this org
    $251,840
    From related orgs
    $0
    Other
    $32,579
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $93,884
    Bonus
    $0
    Other
    $157,956
    Deferred
    $11,876
    Nontaxable benefits
    $20,703
    Filer's total
    $284,419

  • Nigel Boyle - ProfessorFaculty

    Former VP Academic Affairs

    Total calculated
    $279,145
    From this org
    $226,914
    From related orgs
    $0
    Other
    $52,231
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $226,914
    Bonus
    $0
    Other
    $0
    Deferred
    $52,146
    Nontaxable benefits
    $85
    Filer's total
    $279,145

  • Sandra Vasquez

    Former VP Student Affairs

    Total calculated
    $172,713
    From this org
    $130,345
    From related orgs
    $0
    Other
    $42,368
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $107,672
    Bonus
    $0
    Other
    $22,673
    Deferred
    $15,700
    Nontaxable benefits
    $26,668
    Filer's total
    $172,713

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

  • 1a · First-class or charter travel
  • 1a · Travel for companions
  • 1a · Discretionary spending account
  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1a · Personal services (maid, chauffeur, chef)
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 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 1a
The items checked for Line 1a are provided only as documented in a particular individual's contract with Pitzer. First-class and travel for companions were provided to the President for bona fide business purposes. The first-class travel was a nominal additional cost. 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. One other officer and one former officer also received housing allowances that were not included in taxable compensation. Social club fees are paid by the College for the President. The value of the benefits noted above were not included in the individuals' taxable compensation. The President received an automobile allowance that was included in 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. E. Jorge - $229,728 D. Moore - $157,956 D. Segal - $267,091 S. Snowiss - $192,670 A. Wachtel - $341,172

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Provenance

Return type
form_990
Tax year
2023
Filed
13 April 2025
IRS schema version
2023v6.0
Source object
202541089349301814

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