Form 990 for tax year 2023

Filed by POMONA COLLEGE.

Totals

Total revenue: $329,449,183
Total expenses: $303,814,330
Contributions and grants received: $35,813,574
Grants paid: $60,428,688
Program service revenue: $144,714,190
Investment income: $147,921,068
Other revenue: $1,000,351
Total assets, end of year: $3,917,637,466
Total liabilities, end of year: $424,563,962
Net assets or fund balances, end of year: $3,493,073,504
Program services expenses (Part IX): $272,318,676
Management and general expenses: $12,683,903
Fundraising expenses: $18,811,751
Program service expenses (Part III): $272,318,676

Program services were 89.6% 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.

1a · Federated campaigns

$5,931
1e · Government grants (contributions)

$2,976,944
1f · All other contributions, gifts and grants

$32,830,699
1g · Noncash contributions included above

$11,340,056
2a · Program service revenue: TUITION AND FEES

total $109,046,485 · related or exempt $109,046,485
2b · Program service revenue: ROOM AND BOARD

total $31,990,421 · related or exempt $31,990,421
2c · Program service revenue: AUXILARY & EDUCATIONAL

total $3,313,622 · related or exempt $3,313,622
2d · Program service revenue: OTHER SOURCES

total $363,662 · related or exempt $363,662
3 · Investment income

total $39,199,420 · unrelated business $10,651,658 · excluded $28,547,762
5 · Royalties

total $5,220 · excluded $5,220
6a · Gross rents

real property $1,311,345
6b · Less rental expenses

real property $803,594
6c · Rental income or loss

real property $507,751
6d · Net rental income or loss

total $507,751 · unrelated business $187,041 · excluded $320,710
7a · Gross sales of assets other than inventory

securities $1,233,656,827 · other assets $26,875
7b · Less cost or other basis and sales expenses

securities $1,124,962,054 · other assets $0
7c · Gain or loss

securities $108,694,773 · other assets $26,875
7d · Net gain or loss

total $108,721,648 · unrelated business $3,134,183 · excluded $105,587,465
11a · Other revenue: THIRD PARTY REIMBURSEM

total $228,301 · excluded $228,301
11b · Other revenue: CATERING

total $201,737 · unrelated business $137,181 · excluded $64,556
11c · Other revenue: DUPLICATING REVENUE

total $44,271 · excluded $44,271
11d · All other revenue

total $13,071 · excluded $13,071
11e · Other revenue, total

$487,380

Functional expenses

Part IX, the statement of functional expenses.

2 · Grants to domestic individuals

total $56,879,698 · program services $56,879,698
3 · Grants to foreign organizations and individuals

total $3,548,990 · program services $3,548,990
5 · Compensation of officers, directors and key employees

total $5,772,978 · program services $1,722,674 · management and general $2,401,863 · fundraising $1,648,441
6 · Compensation of disqualified persons

total $267,130 · program services $267,130
7 · Other salaries and wages

total $89,082,846 · program services $80,146,971 · management and general $1,267,933 · fundraising $7,667,942
8 · Pension plan contributions

total $7,583,840 · program services $7,018,764 · management and general -$68,140 · fundraising $633,216
9 · Other employee benefits

total $12,197,434 · program services $10,496,255 · management and general $250,227 · fundraising $1,450,952
10 · Payroll taxes

total $7,696,589 · program services $7,435,244 · management and general $190,362 · fundraising $70,983
11b · Fees: legal

total $1,645,767 · program services $1,435,720 · management and general $86,598 · fundraising $123,449
11c · Fees: accounting

total $619,662 · management and general $619,662
11f · Fees: investment management

total $5,913,041 · management and general $5,913,041
11g · Fees: other

total $29,391,360 · program services $24,505,192 · management and general $728,199 · fundraising $4,157,969
12 · Advertising and promotion

total $523,772 · program services $224,760 · management and general $14,836 · fundraising $284,176
13 · Office expenses

total $15,979,922 · program services $13,512,095 · management and general $839,591 · fundraising $1,628,236
14 · Information technology

total $2,937,984 · program services $2,595,882 · management and general $137,460 · fundraising $204,642
16 · Occupancy

total $11,535,620 · program services $11,506,819 · management and general -$9,148 · fundraising $37,949
17 · Travel

total $4,559,991 · program services $3,944,271 · management and general $103,209 · fundraising $512,511
19 · Conferences, conventions and meetings

total $392,186 · program services $322,406 · management and general $19,552 · fundraising $50,228
20 · Interest

total $7,915,403 · program services $7,915,403
22 · Depreciation, depletion and amortization

total $21,080,961 · program services $20,963,348 · management and general $54,003 · fundraising $63,610
23 · Insurance

total $2,669,595 · program services $2,376,404 · management and general $134,655 · fundraising $158,536
24a · Other expenses: ANNUITY DIST PAYOUT

total $6,234,190 · program services $6,234,190
24b · Other expenses: FOOD SUPPLIES

total $5,751,702 · program services $5,751,702
24c · Other expenses: OTHER STUDENT PAYMENTS

total $2,137,704 · program services $2,137,704
24d · Other expenses: JOINT PROGRAMS

total $10,640 · program services $10,640
24e · All other expenses

total $1,485,325 · program services $1,366,414 · fundraising $118,911

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $0 · end of year $0
2 · Savings and temporary cash investments

beginning of year $125,001,728 · end of year $134,896,979
3 · Pledges and grants receivable

beginning of year $27,790,174 · end of year $43,673,537
4 · Accounts receivable

beginning of year $5,382,296 · end of year $5,763,328
5 · Loans and receivables from officers and key people

beginning of year $2,114,328 · end of year $2,153,598
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
7 · Other notes and loans receivable

beginning of year $0 · end of year $0
8 · Inventories for sale or use

beginning of year $91,202 · end of year $102,426
9 · Prepaid expenses and deferred charges

beginning of year $2,769,585 · end of year $1,975,296
10a · Land, buildings and equipment: cost or other basis

$731,251,639
10b · Land, buildings and equipment: accumulated depreciation

$319,156,707
10c · Land, buildings and equipment, net

beginning of year $423,799,734 · end of year $412,094,932
11 · Investments: publicly traded securities

beginning of year $345,837,806 · end of year $382,974,949
12 · Investments: other securities

beginning of year $2,696,367,660 · end of year $2,895,709,477
13 · Investments: program-related

beginning of year $28,229,589 · end of year $28,470,302
14 · Intangible assets

beginning of year $0 · end of year $0
15 · Other assets

beginning of year $11,291,150 · end of year $9,822,642
17 · Accounts payable and accrued expenses

beginning of year $19,370,218 · end of year $26,048,799
18 · Grants payable

beginning of year $0 · end of year $0
19 · Deferred revenue

beginning of year $1,264,844 · end of year $1,179,547
20 · Tax-exempt bond liabilities

beginning of year $240,175,831 · end of year $238,886,562
21 · Escrow or custodial account liability

beginning of year $0 · end of year $0
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
23 · Secured mortgages and notes payable

beginning of year $0 · end of year $0
24 · Unsecured notes and loans payable

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $147,593,738 · end of year $158,449,054
27 · Net assets without donor restrictions

beginning of year $1,523,202,952 · end of year $1,614,013,357
28 · Net assets with donor restrictions

beginning of year $1,737,067,669 · end of year $1,879,060,147

Mission and programs · 2023

Mission

THROUGHOUT ITS HISTORY, POMONA COLLEGE HAS EDUCATED MEN AND WOMEN OF EXCEPTIONAL PROMISE. WE GATHER INDIVIDUALS, REGARDLESS OF FINANCIAL CIRCUMSTANCES, INTO A SMALL RESIDENTIAL COMMUNITY THAT IS STRONGLY ROOTED IN SOUTHERN CALIFORNIA YET GLOBAL IN ITS ORIENTATION. THROUGH CLOSE TIES AMONG A DIVERSE GROUP OF FACULTY, STAFF AND CLASSMATES, POMONA STUDENTS ARE INSPIRED TO ENGAGE IN THE PROBING INQUIRY AND CREATIVE LEARNING THAT ENABLE THEM TO IDENTIFY AND ADDRESS THEIR INTELLECTUAL PASSIONS. THIS EXPERIENCE WILL CONTINUE TO GUIDE THEIR CONTRIBUTIONS AS THE NEXT GENERATION OF LEADERS, SCHOLARS, ARTISTS AND ENGAGED MEMBERS OF SOCIETY TO FULFILL THE VISION OF THE COLLEGE'S FOUNDERS: TO BEAR THEIR ADDED RICHES IN TRUST FOR ALL.

Activities or mission (Part I)

POMONA COLLEGE IS WIDELY REGARDED AS ONE OF THE WORLD'S LEADING LIBERAL ARTS COLLEGES, OFFERING AN IDEAL ENVIRONMENT FOR INTELLECTUALLY CURIOUS STUDENTS TO PURSUE THEIR ACADEMIC AND LIFE GOALS.

INSTRUCTION AND RESEARCH: CONSISTENTLY RANKED AS ONE OF THE TOP NATIONAL LIBERAL ARTS COLLEGES ACCORDING TO U.S. NEWS AND WORLD REPORT, POMONA COLLEGE OFFERS AN ACADEMIC PROGRAM THAT ENCOMPASSES THE MAJOR FIELDS OF THE ARTS, HUMANITIES, NATURAL SCIENCES AND SOCIAL SCIENCES. LEARNING IS ENCOURAGED THROUGH THEORY-BUILDING AND EMPIRICAL RESEARCH, HISTORICAL AND LINGUISTIC ANALYSIS, INQUIRY AND ETHICAL DEBATE. POMONA'S LIBERAL ARTS CURRICULUM, SMALL CLASSES, RESIDENTIAL CAMPUS AND SOPHISTICATED LABORATORIES AND STUDIOS PREPARE STUDENTS FOR LIVES OF PERSONAL FULFILLMENT AND SOCIAL RESPONSIBILITY IN A GLOBAL CONTEXT. POMONA GRADUATES NOT ONLY RECEIVE EXCELLENT LIFELONG PREPARATION FOR A WIDE RANGE OF CAREERS, BUT ALSO ARE ENCOURAGED TO DEVELOP THE RATIONAL DISCRIMINATION, AESTHETIC APPRECIATION, COMPASSION AND UNDERSTANDING THAT ONLY KNOWLEDGE CAN FOSTER. IN 2023-24, FIFTEEN RECIPIENTS FROM POMONA COLLEGE WERE AWARDED FULBRIGHT AWARDS, PLACING POMONA AS A TOP PRODUCER OF FULBRIGHT STUDENTS AMONG BACHELOR'S INSTITUTIONS, AS REPORTED BY THE CHRONICLE OF HIGHER EDUCATION. POMONA OFFERS 48 MAJORS IN THE NATURAL SCIENCES, HUMANITIES, SOCIAL SCIENCES FINE ARTS AND INTERDISCIPLINARY FIELDS. ALSO COMMON ARE DOUBLE MAJORS AND INDIVIDUAL SPECIAL MAJORS, CRAFTED BY THE STUDENT WITH GUIDANCE FROM FACULTY. FIRST-YEAR STUDENTS DELVE INTO A CRITICAL INQUIRY SEMINAR TO DEVELOP SKILLS IN CRITICAL THINKING, ANALYSIS AND WRITING. POMONA'S SUMMER UNDERGRADUATE RESEARCH PROGRAM ENABLES STUDENTS TO CONDUCT EXTENDED, FOCUSED RESEARCH IN CLOSE COOPERATION WITH A POMONA FACULTY MEMBER, WITH PROJECTS TAKING PLACE BOTH ON CAMPUS AND IN THE FIELD. THE COLLEGE OFFERS ABOUT 650 COURSES EACH YEAR, AND STUDENTS ALSO HAVE ACCESS TO NEARLY 2,700 COURSES AT THE CLAREMONT COLLEGES.

Expenses $146,428,849 · Grants $60,428,688 · Revenue $141,835,732
AUXILIARY ENTERPRISES: A MAJORITY OF POMONA COLLEGE STUDENTS RESIDE IN CAMPUS HOUSING THROUGHOUT THEIR COLLEGE CAREER, A TESTAMENT TO THE QUALITY OF LIFE ON CAMPUS. THE SCALE AND ARRANGEMENT OF POMONA'S 14 RESIDENCE HALLS ENCOURAGE STUDENTS TO GET TO KNOW EACH OTHER. RANGING IN SIZE FROM 60 TO 250 STUDENTS, WITH AN AVERAGE OF ABOUT 120 EACH, THESE COEDUCATIONAL RESIDENCES ARE LARGE ENOUGH TO BRING TOGETHER STUDENTS WITH A VARIETY OF INTERESTS AND EXPERIENCES, BUT SMALL ENOUGH TO ALLOW RESIDENTS TO WORK IN COHESIVE GROUPS. POMONA PROVIDES SELF-OPERATED DINING AND CATERING SERVICES AT THREE DINING HALLS. POMONA'S GOAL IS TO SERVE FOOD THAT IS HEALTHY, FRESH AND DELICIOUS AND THAT IS PRODUCED IN A JUST AND SUSTAINABLE MANNER. THE INSTRUCTIONAL AND EXTRA-CURRICULAR PROGRAMS ARE FURTHER SUPPORTED BY BRIDGES AUDITORIUM, A PERFORMING ARTS CENTER THAT SEATS 2,500, AND SEAVER THEATRE, A COMPREHENSIVE THEATRE COMPLEX FEATURING A 350-SEAT AUDITORIUM AND 100-SEAT EXPERIMENTAL THEATRE SPACE. ATHLETIC FACILITIES INCLUDE A CENTER FOR ATHLETICS, RECREATION AND WELLNESS, THE HALDEMAN AQUATICS CENTER, AND FIELDS FOR SOFTBALL, BASEBALL, TRACK, SOCCER, FOOTBALL, LACROSSE AND MORE. POMONA COLLEGE HAS MADE SIGNIFICANT INVESTMENTS TO MAKE THE CAMPUS MORE SUSTAINABLE, INCLUDING BUILDING THE FIRST LEED-PLATINUM LARGE-SCALE RESIDENCE HALLS IN THE WEST, TO INSTALLING SOLAR ENERGY AND REMOVING IMPERMEABLE SURFACES AND REPLACING THEM WITH DROUGHT RESISTANT LANDSCAPING AND PERMEABLE GROUND COVER. THE COLLEGE HAS PLEDGED TO BE CARBON-NEUTRAL BY 2030 AS PART OF THE AMERICAN COLLEGES AND UNIVERSITIES PRESIDENTS' CLIMATE COMMITMENT (ACUPCC).

Expenses $40,948,074 · Revenue $260,841
STUDENT SERVICES: POMONA COLLEGE OFFERS STUDENTS A WIDE VARIETY OF PROGRAMS TO EXTEND THEIR EDUCATION BEYOND THE CLASSROOM, INCLUDING CLUBS, SPORTS, THE STUDENT LIFE NEWSPAPER AND STUDENT GOVERNMENT. OTHER RESOURCES OFFERED TO STUDENTS INCLUDE THE OFFICE OF BLACK STUDENT AFFAIRS, THE ASIAN AMERICAN RESOURCE CENTER, THE CHICANO/LATINO STUDENT AFFAIRS CENTER, THE WOMEN'S UNION AND THE QUEER RESOURCE CENTER. THE COLLEGE ALSO ASSISTS STUDENTS WITH ORIENTATION, REGISTRATION AND ACADEMIC COUNSELING. FROM THEIR FIRST YEAR AT POMONA, STUDENTS CAN TURN TO THE CAREER DEVELOPMENT OFFICE (CDO), WHICH PROVIDES RESOURCES, SERVICES AND CAREER ADVISING. STUDENTS ALSO CAN APPLY FOR THE CDO'S PROGRAM OF SUMMER INTERNSHIPS IN THE U.S. AND ABROAD. THE CLAREMONT COLLEGES' STUDENT HEALTH SERVICES STRESSES PREVENTATIVE MEDICINE AND HEALTH AWARENESS, WHILE MONSOUR COUNSELING AND PSYCHOLOGICAL SERVICES PROVIDE MENTAL HEALTH AND WELLNESS SERVICES. THE INTERFAITH OFFICE OF THE CHAPLAINS DIRECTS THE PROGRAMS OF THE CLAREMONT COLLEGES' MCALISTER CENTER FOR RELIGIOUS ACTIVITIES, ASSISTING STUDENTS IN MAKING CONTACT WITH MEMBERS OF THEIR COMMUNITY OF BELIEF. WORKING CLOSELY WITH STUDENTS, FACULTY AND STAFF, THE DIVISION OF STUDENT AFFAIRS AIMS TO PROVIDE SERVICES, ACTIVITIES, AND RESOURCES THAT SUPPORT THE COLLEGE'S EDUCATIONAL ENTERPRISE AND ENABLE EACH STUDENT TO LEARN, GROW, AND DEVELOP WHILE AT POMONA.

Expenses $30,621,205 · Revenue $2,129,194
OTHER PROGRAM SERVICESOTHER-PUBLIC SERVICE, INSTITUTIONAL SUPPORT, ACADEMIC SUPPORT: IN ORDER TO FACILITATE OUR PROGRAM OF INSTRUCTION AND RESEARCH, POMONA COLLEGE PROVIDES INSTITUTIONAL SUPPORT THROUGH OUR BUSINESS OFFICE, ALUMNI RELATIONS, INFORMATION TECHNOLOGIES, COMMUNICATIONS, MAJOR GIFTS/GIVING AND STAFF EDUCATIONAL SUPPORT TO KEEP OUR STAFF INFORMED OF NEW AND DEVELOPING WAYS TO ADVANCE OUR PRIMARY MISSION. THE DRAPER CENTER FOR COMMUNITY PARTNERSHIPS IS THE COLLEGE'S MAIN AVENUE FOR FOSTERING MUTUALLY BENEFICIAL EXCHANGES AMONG COMMUNITY MEMBERS, STUDENTS, FACULTY AND STAFF IN ORDER TO SUPPORT EDUCATIONAL OUTREACH INITIATIVES, COMMUNITY-BASED RESEARCH AND LEARNING, AND OTHER COMMUNITY ENGAGEMENT ACTIVITIES. THE DRAPER CENTER'S SIGNATURE PROGRAM, THE POMONA COLLEGE ACADEMY FOR YOUTH SUCCESS (PAYS), IS A COLLEGE ACCESS PROGRAM FOR HIGH SCHOOL STUDENTS THAT AIMS TO INCREASE THE POOL OF STUDENTS PREPARED TO ENTER HIGHLY SELECTIVE COLLEGES AND UNIVERSITIES. THROUGH THE DRAPER CENTER, POMONA STUDENTS CAN EXPLORE AN ASSORTMENT OF COMMUNITY AND VOLUNTEER OPPORTUNITIES THROUGH THE DRAPER CENTER, INCLUDING COLLABORATIVE THEATRE WITH LOCAL MIDDLE-SCHOOL STUDENTS, FOOD RESCUE FOR LOCAL SHELTERS, EDUCATIONAL OUTREACH, VOLUNTEERING DURING SPRING BREAK AND TAKING CLASSES WITH COMMUNITY COLLABORATION. TEACHING FROM ORIGINAL WORKS OF ART IS CENTRAL TO THE MISSION AT THE BENTON MUSEUM OF ART AT POMONA COLLEGE. THROUGHOUT THE ACADEMIC YEAR THE MUSEUM OFFERS A VARIETY OF EDUCATIONAL PROGRAMS HIGHLIGHTING THE EXHIBITIONS AND COLLECTIONS OF THE MUSEUM AND CONNECTING POMONA STUDENTS WITH THE ARTS AND CONCERNS OF OUR TIME. POMONA COLLEGE FACULTY UTILIZES THE MUSEUM, ITS EXHIBITIONS, AND ITS COLLECTIONS AS A RESOURCE FOR TEACHING, AND AS A SUBJECT FOR RESEARCH AND WRITING.

Expenses $54,320,548 · Revenue $488,423

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

Listed in Part VII

Samuel GlickSAMUEL GLICK

TRUSTEE/BOARD CHAIR

Total calculated

$0

Hours/week

5
Wendall Jackson Jack LongWENDALL JACKSON JACK LONG

TRUSTEE/BOARD VICE CHAIR

Total calculated

$0

Hours/week

2
Aditya SoodADITYA SOOD

TRUSTEE/BOARD VICE CHAIR

Total calculated

$0

Hours/week

2
Bobby LeeBOBBY LEE

TRUSTEE/BOARD VICE CHAIR

Total calculated

$0

Hours/week

2
Jefferey T ParksJEFFEREY T PARKS

TRUSTEE/BOARD VICE CHAIR

Total calculated

$0

Hours/week

2
Matthew J EstesMATTHEW J ESTES

TRUSTEE/BOARD VICE CHAIR

Total calculated

$0

Hours/week

2
Onetta BrooksONETTA BROOKS

TRUSTEE/BOARD VICE CHAIR

Total calculated

$0

Hours/week

2
Stephen B LoebSTEPHEN B LOEB

TRUSTEE/BOARD VICE CHAIR

Total calculated

$0

Hours/week

2
Susan DunnSUSAN DUNN

TRUSTEE/BOARD VICE CHAIR

Total calculated

$0

Hours/week

2
Alicia ZalesinALICIA ZALESIN

TRUSTEE

Total calculated

$0

Hours/week

2
Christina WireCHRISTINA WIRE

TRUSTEE

Total calculated

$0

Hours/week

2
David NunesDAVID NUNES

TRUSTEE

Total calculated

$0

Hours/week

2
Janet Inskeep BentonJANET INSKEEP BENTON

TRUSTEE

Total calculated

$0

Hours/week

2
John StarrJOHN STARR

TRUSTEE

Total calculated

$0

Hours/week

2
MacKenzie TeymouriMACKENZIE TEYMOURI

TRUSTEE

Total calculated

$0

Hours/week

2
Nathan Seaver DeanNATHAN SEAVER DEAN

TRUSTEE

Total calculated

$0

Hours/week

2
Paul F EcksteinPAUL F ECKSTEIN

TRUSTEE

Total calculated

$0

Hours/week

2
Peter G SasakiPETER G SASAKI

TRUSTEE

Total calculated

$0

Hours/week

2
Gabi StarrGABI STARR

PRESIDENT

Total calculated

$1,030,033

From this org

$826,733

From related orgs

$0

Other

$203,300

Hours/week

40

Schedule J breakdown matched by us

Base

$693,851

Bonus

$0

Other

$132,882

Deferred

$111,396

Nontaxable benefits

$91,904

Filer's total

$1,030,033
Elizabeth AtwaterELIZABETH ATWATER

TRUSTEE

Total calculated

$0

Hours/week

2
Carlos GarciaCARLOS GARCIA

TRUSTEE

Total calculated

$0

Hours/week

2
James ValoneJAMES VALONE

TRUSTEE

Total calculated

$0

Hours/week

2
John GingrichJOHN GINGRICH

TRUSTEE/BOARD VC

Total calculated

$0

Hours/week

2
Johny Ek-AbanJOHNY EK-ABAN

TRUSTEE

Total calculated

$0

Hours/week

2
Osman KibarOSMAN KIBAR

TRUSTEE

Total calculated

$0

Hours/week

2
Steven OlsonSTEVEN OLSON

TRUSTEE

Total calculated

$0

Hours/week

2
Wei HopemanWEI HOPEMAN

TRUSTEE

Total calculated

$0

Hours/week

2
Maria WatsonMARIA WATSON

VP ADVANCEMENT

Total calculated

$450,497

From this org

$381,152

From related orgs

$0

Other

$69,345

Hours/week

40

Schedule J breakdown matched by us

Base

$381,152

Bonus

$0

Other

$0

Deferred

$36,396

Nontaxable benefits

$32,949

Filer's total

$450,497
David WallaceDAVID WALLACE

ASST TREASURER/CIO

Total calculated

$656,239

From this org

$590,090

From related orgs

$0

Other

$66,149

Hours/week

40

Schedule J breakdown matched by us

Base

$472,525

Bonus

$117,565

Other

$0

Deferred

$36,396

Nontaxable benefits

$29,753

Filer's total

$656,239
Avis HinksonAVIS HINKSON

VP DEAN OF STUDENTS

Total calculated

$398,657

From this org

$329,154

From related orgs

$0

Other

$69,503

Hours/week

40

Schedule J breakdown matched by us

Base

$302,046

Bonus

$1,108

Other

$26,000

Deferred

$36,396

Nontaxable benefits

$33,107

Filer's total

$398,657
Seth AllenSETH ALLEN

VP STRATEGY/DEAN ADM & FIN AID

Total calculated

$378,478

From this org

$323,672

From related orgs

$0

Other

$54,806

Hours/week

40

Schedule J breakdown matched by us

Base

$271,006

Bonus

$166

Other

$52,500

Deferred

$36,266

Nontaxable benefits

$18,540

Filer's total

$378,478
Jose RodriguezJOSE RODRIGUEZ

VP CHIEF INFORMATION OFFICER

Total calculated

$345,390

From this org

$294,519

From related orgs

$0

Other

$50,871

Hours/week

40

Schedule J breakdown matched by us

Base

$281,519

Bonus

$0

Other

$13,000

Deferred

$32,647

Nontaxable benefits

$18,224

Filer's total

$345,390
Yuqing WuYUQING WU

VP DEAN OF THE COLLEGE

Total calculated

$352,937

From this org

$302,757

From related orgs

$0

Other

$50,180

Hours/week

40

Schedule J breakdown matched by us

Base

$250,257

Bonus

$0

Other

$52,500

Deferred

$33,484

Nontaxable benefits

$16,696

Filer's total

$352,937
Christina CiambrielloCHRISTINA CIAMBRIELLO

BOARD SEC/PRES AST

Total calculated

$249,791

From this org

$213,294

From related orgs

$0

Other

$36,497

Hours/week

40

Schedule J breakdown matched by us

Base

$194,539

Bonus

$0

Other

$18,755

Deferred

$21,323

Nontaxable benefits

$15,174

Filer's total

$249,791
Dana WoodDANA WOOD

ASST TREASURER

Total calculated

$205,865

From this org

$171,319

From related orgs

$0

Other

$34,546

Hours/week

40

Schedule J breakdown matched by us

Base

$118,819

Bonus

$0

Other

$52,500

Deferred

$17,698

Nontaxable benefits

$16,848

Filer's total

$205,865
Erin CollinsERIN COLLINS

REGISTRAR

Total calculated

$160,217

From this org

$123,035

From related orgs

$0

Other

$37,182

Hours/week

40

Schedule J breakdown matched by us

Base

$119,118

Bonus

$0

Other

$3,917

Deferred

$13,056

Nontaxable benefits

$24,126

Filer's total

$160,217
Stephanie NavarroSTEPHANIE NAVARRO

ASST SECRETARY

Total calculated

$111,985

From this org

$79,925

From related orgs

$0

Other

$32,060

Hours/week

40
Mark KendallMARK KENDALL

CHIEF COMMUNICATIONS OFFICER

Total calculated

$275,525

From this org

$224,538

From related orgs

$0

Other

$50,987

Hours/week

40

Schedule J breakdown matched by us

Base

$172,818

Bonus

$0

Other

$51,720

Deferred

$24,756

Nontaxable benefits

$26,231

Filer's total

$275,525
Jeff RothJEFF ROTH

VP TREASURER, COO

Total calculated

$491,791

From this org

$429,075

From related orgs

$0

Other

$62,716

Hours/week

40

Schedule J breakdown matched by us

Base

$419,325

Bonus

$0

Other

$9,750

Deferred

$36,396

Nontaxable benefits

$26,320

Filer's total

$491,791
Mary Lou WoodsMARY LOU WOODS

ASST VP/ASSOC TREASURER

Total calculated

$293,062

From this org

$250,433

From related orgs

$0

Other

$42,629

Hours/week

40

Schedule J breakdown matched by us

Base

$227,933

Bonus

$0

Other

$22,500

Deferred

$27,139

Nontaxable benefits

$15,490

Filer's total

$293,062
Robert RobinsonROBERT ROBINSON

ASST VP OF FACILITIES

Total calculated

$292,509

From this org

$255,869

From related orgs

$0

Other

$36,640

Hours/week

40

Schedule J breakdown matched by us

Base

$255,869

Bonus

$0

Other

$0

Deferred

$27,608

Nontaxable benefits

$9,032

Filer's total

$292,509
Gary SmithGARY SMITH

PROFESSOR

Total calculated

$378,220

From this org

$315,801

From related orgs

$0

Other

$62,419

Hours/week

40

Schedule J breakdown matched by us

Base

$315,601

Bonus

$200

Other

$0

Deferred

$35,768

Nontaxable benefits

$26,651

Filer's total

$378,220
Joshua RossJOSHUA ROSS

DIR. OF INVESTMENTS

Total calculated

$460,779

From this org

$389,679

From related orgs

$0

Other

$71,100

Hours/week

40

Schedule J breakdown matched by us

Base

$260,979

Bonus

$83,700

Other

$45,000

Deferred

$34,850

Nontaxable benefits

$36,250

Filer's total

$460,779
Emily WebbEMILY WEBB

DIR. OF INVESTMENTS

Total calculated

$375,251

From this org

$332,716

From related orgs

$0

Other

$42,535

Hours/week

40

Schedule J breakdown matched by us

Base

$260,641

Bonus

$72,075

Other

$0

Deferred

$28,020

Nontaxable benefits

$14,515

Filer's total

$375,251
Pierre EnglebertPIERRE ENGLEBERT

PROFESSOR

Total calculated

$306,035

From this org

$251,669

From related orgs

$0

Other

$54,366

Hours/week

40

Schedule J breakdown matched by us

Base

$191,281

Bonus

$47,363

Other

$13,025

Deferred

$27,952

Nontaxable benefits

$26,414

Filer's total

$306,035
Eleanor BrownELEANOR BROWN

PROFESSOR

Total calculated

$299,046

From this org

$262,469

From related orgs

$0

Other

$36,577

Hours/week

40

Schedule J breakdown matched by us

Base

$234,052

Bonus

$3,417

Other

$25,000

Deferred

$28,375

Nontaxable benefits

$8,202

Filer's total

$299,046
Robert GainesROBERT GAINES

VP DEAN OF THE COLLEGE

Total calculated

$368,959

From this org

$324,338

From related orgs

$0

Other

$44,621

Hours/week

40

Schedule J breakdown matched by us

Base

$301,838

Bonus

$0

Other

$22,500

Deferred

$35,631

Nontaxable benefits

$8,990

Filer's total

$368,959

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 · 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 · Compensation survey or study
3 · Approval by the board or compensation committee
4b · Supplemental nonqualified retirement plan
7 · Other non-fixed payments

Answered no

4a · Severance or change-of-control payment
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
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A: FIRST CLASS TRAVEL EMPLOYEES ARE ALLOWED TO FLY FIRST-CLASS ON INTERNATIONAL FLIGHTS OVER 7 HOURS IF APPROVED BY THE TREASURER. THE COLLEGE PRESIDENT AND CHIEF INVESTMENT OFFICER FLY FIRST-CLASS FROM TIME-TO-TIME, THIS IS NOT TREATED AS A TAXABLE BENEFIT. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE PER THE EMPLOYMENT CONTRACT OF THE PRESIDENT, A RESIDENCE ON-CAMPUS IS PROVIDED FOR THE CONVENIENCE OF THE EMPLOYER. HOUSING IS LOCATED ON THE CAMPUS AND IS REQUIRED AS A CONDITION OF THEIR EMPLOYMENT; THUS IS NOT TREATED AS TAXABLE COMPENSATION. PARTS OF THE FACILITIES ARE CARED FOR BY COLLEGE STAFF TO ENSURE READINESS FOR COLLEGE RELATED EVENTS. HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES THE BOARD OF THE COLLEGE REQUIRES THE PRESIDENT TO BE A MEMBER OF A LOCAL CLUB SO THAT BUSINESS MEETINGS MAY BE HELD THERE. THERE IS NO PERSONAL USE OF THE MEMBERSHIP BY THE PRESIDENT; THUS NO PART OF THE DUES OR INITIATION FEES ARE TREATED AS TAXABLE COMPENSATION. PERSONAL SERVICES PER THE EMPLOYMENT CONTRACT WITH THE PRESIDENT, THE COLLEGE PROVIDES PRIVATE CHILDCARE SERVICES WHILE THE CHILDREN ARE MINORS. THESE SERVICES ARE TREATED AS A TAXABLE BENEFIT AND IS INCLUDED IN OTHER REPORTABLE COMPENSATION ON SCHEDULE J, PART II, COLUMN (B)(III). IN ADDITION, THE PRESIDENT RECEIVES PRIVATE SECURITY SERVICES WHEN REQUIRED DUE TO HER ROLE WITH THE COLLEGE. THIS BENEFIT IS NOT TREATED AS TAXABLE COMPENSATION TO THE EMPLOYEE DUE TO A BONE FIDE BUSINESS-ORIENTED SECURITY CONCERN.
PART I, LINE 4B: THE PRESIDENT HAS A RETENTION BENEFIT AGREEMENT, DATED JULY 1, 2022, WHICH IS INTENDED TO BE AN INELIGIBLE DEFERRED COMPENSATION AGREEMENT SUBJECT TO IRC SECTIONS 409(A) AND 457(F) AND OTHER APPLICABLE LAW. UPON COMPLETION OF THE PRESIDENT'S SERVICE TO THE COLLEGE THROUGH JUNE 30, 2027, THE AMOUNT VESTED AND PAYABLE WILL BE 50% OF ALL CREDITS AND EARNINGS ACCRUED THROUGH THAT DATE. IF THE PRESIDENT COMPLETES SERVICE TO THE COLLEGE THROUGH JUNE 30, 2030, THE AMOUNT VESTED AND PAYABLE WILL BE 100% OF ALL CREDITS AND EARNINGS ACCRUED THROUGH THAT DATE. THE PRESIDENT MUST BE ACTIVELY EMPLOYED THROUGH OR SEPARATED FROM SERVICE BECAUSE OF TOTAL DISABILITY OR DEATH, TO RECEIVE THE BENEFITS. ANNUAL AMOUNTS EARNED ARE REPORTED IN PART II, COLUMN (C).
PART I, LINE 7: CERTAIN LISTED PERSONS ARE ELIGIBLE FOR NON-FIXED BONUSES BASED ON THE INVESTMENT PERFORMANCE OF THE ENDOWMENT. THE QUANTITIVE INVESTMENT PERFORMANCE MEASURE IS DETERMINED ON A THREE-YEAR AND FIVE-YEAR ROLLING AVERAGE OF TOTAL PORTFOLIO VS. POLICY BENCHMARK. THE BONUSES, OF WHICH 25% IS DEFERRED OVER THREE YEARS, ARE CALCULATED: 80% BASED ON THE QUANTITATIVE ENDOWMENT METRIC AND 20% ON INDIVIDUAL PERFORMANCE. THIS CRITERION WAS MET FOR THE TAX YEAR AND THE FOLLOWING INDIVIDUALS RECEIVED BONUSES THAT ARE REPORTED IN PART II, COLUMN (B)(II): ASST TREASURER/CIO $117,565; DIRECTOR OF INVESTMENTS $72,075; AND DIRECTOR OF INVESTMENTS $83,700.

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.

THE CLAREMONT COLLEGE SERVICES

501(C)(3) · SUPPORT UNIV · CA

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

CHARITABLE REMAINDER TRUST (89)

T · CRT · CA · controlled entity
POOLED INCOME FUND (3)

T · POOLED INTEREST · CA · controlled entity

Provenance

Return type: form_990
Tax year: 2023
Filed: 12 May 2025
IRS schema version: 2023v6.0
Source object: 202521349349307757

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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