Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $7,425,476

• 1g · Noncash contributions included above

  $248,046

• 2a · Program service revenue: Tuition and fees

  total $44,265,494 · related or exempt $44,265,494

• 2b · Program service revenue: Fed grants & contracts

  total $2,553,136 · related or exempt $2,553,136

• 2c · Program service revenue: Private Contract

  total $1,759,399 · related or exempt $1,759,399

• 2d · Program service revenue: Conference Revenue

  total $1,556,646 · related or exempt $1,556,646

• 2e · Program service revenue: Auxiliary services

  total $309,261 · related or exempt $309,261

• 2f · All other program service revenue

  total $221,983 · related or exempt $221,983

• 3 · Investment income

  total $5,021,711 · excluded $5,021,711

• 5 · Royalties

  total $223,104 · excluded $223,104

• 6a · Gross rents

  real property $309,261

• 6b · Less rental expenses

  real property $91,345

• 6c · Rental income or loss

  real property $217,916

• 6d · Net rental income or loss

  total $217,916 · excluded $217,916

• 7a · Gross sales of assets other than inventory

  securities $60,039,455 · other assets $31,905,919

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

  securities $69,060,522 · other assets $1,933,894

• 7c · Gain or loss

  securities -$9,021,067 · other assets $29,972,025

• 7d · Net gain or loss

  total $20,950,958 · excluded $20,950,958

• 11a · Other revenue: Other sources

  total $597,076 · excluded $597,076

• 11e · Other revenue, total

  $597,076

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $14,152,345 · program services $14,152,345

• 5 · Compensation of officers, directors and key employees

  total $2,089,579 · program services $772,511 · management and general $786,068 · fundraising $531,000

• 6 · Compensation of disqualified persons

  total $261,863 · program services $261,863

• 7 · Other salaries and wages

  total $30,766,737 · program services $27,028,241 · management and general $3,105,456 · fundraising $633,040

• 8 · Pension plan contributions

  total $1,234,721 · program services $897,413 · management and general $313,857 · fundraising $23,451

• 9 · Other employee benefits

  total $2,811,399 · program services $2,757,673 · management and general $53,726

• 10 · Payroll taxes

  total $2,078,945 · program services $1,423,916 · management and general $538,650 · fundraising $116,379

• 11a · Fees: management

  total $253,838 · program services $232,518 · management and general $21,270 · fundraising $50

• 11b · Fees: legal

  total $1,111,511 · program services $110,587 · management and general $1,000,924

• 11c · Fees: accounting

  total $311,830 · program services $50,110 · management and general $261,720

• 11f · Fees: investment management

  total $500,563 · management and general $500,563

• 11g · Fees: other

  total $3,543,149 · program services $2,818,010 · management and general $657,401 · fundraising $67,738

• 12 · Advertising and promotion

  total $855,648 · program services $280,758 · management and general $548,051 · fundraising $26,839

• 13 · Office expenses

  total $1,206,021 · program services $499,122 · management and general $690,192 · fundraising $16,707

• 14 · Information technology

  total $1,392,756 · program services $252,611 · management and general $1,092,973 · fundraising $47,172

• 16 · Occupancy

  total $3,686,744 · program services $2,520,321 · management and general $1,111,154 · fundraising $55,269

• 17 · Travel

  total $732,138 · program services $698,700 · management and general $28,528 · fundraising $4,910

• 19 · Conferences, conventions and meetings

  total $513,789 · program services $407,968 · management and general $88,025 · fundraising $17,796

• 20 · Interest

  total $1,915,281 · program services $1,502,900 · management and general $391,846 · fundraising $20,535

• 22 · Depreciation, depletion and amortization

  total $2,034,015 · program services $1,708,500 · management and general $314,778 · fundraising $10,737

• 23 · Insurance

  total $428,669 · program services $464 · management and general $428,205

• 24a · Other expenses: Payments to Affiliates

  total $4,887,746 · program services $2,328,820 · management and general $2,550,960 · fundraising $7,966

• 24b · Other expenses: Books

  total $59,069 · program services $58,278 · management and general $210 · fundraising $581

• 24c · Other expenses: Non-Capital Equipment

  total $13,773 · program services $11,707 · management and general $1,968 · fundraising $98

• 24e · All other expenses

  total $1,050,521 · program services $982,429 · management and general $65,998 · fundraising $2,094

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,813,516 · end of year $15,684,106

• 2 · Savings and temporary cash investments

  beginning of year $1,625,086 · end of year $2,733,852

• 3 · Pledges and grants receivable

  beginning of year $42,935,313 · end of year $38,967,674

• 4 · Accounts receivable

  beginning of year $3,835,088 · end of year $3,370,158

• 7 · Other notes and loans receivable

  beginning of year $0 · end of year $22,948,276

• 9 · Prepaid expenses and deferred charges

  beginning of year $134,148 · end of year $183,530

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

  $93,577,273

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

  $35,719,872

• 10c · Land, buildings and equipment, net

  beginning of year $59,858,482 · end of year $57,857,401

• 11 · Investments: publicly traded securities

  beginning of year $157,541,005 · end of year $147,940,157

• 12 · Investments: other securities

  beginning of year $40,234,413 · end of year $56,518,338

• 13 · Investments: program-related

  beginning of year $273,708 · end of year $186,771

• 15 · Other assets

  beginning of year $0 · end of year $1,024,329

• 17 · Accounts payable and accrued expenses

  beginning of year $4,885,252 · end of year $5,140,833

• 19 · Deferred revenue

  beginning of year $4,679,629 · end of year $4,851,867

• 20 · Tax-exempt bond liabilities

  beginning of year $33,297,046 · end of year $33,310,102

• 23 · Secured mortgages and notes payable

  beginning of year $6,320,000 · end of year $5,295,000

• 24 · Unsecured notes and loans payable

  beginning of year $1,914,627 · end of year $1,758,619

• 25 · Other liabilities

  beginning of year $5,136,588 · end of year $6,804,266

• 27 · Net assets without donor restrictions

  beginning of year $17,735,092 · end of year $43,856,969

• 28 · Net assets with donor restrictions

  beginning of year $238,282,525 · end of year $246,396,936

The filer's explanations (Part III)

Part I, Line 1a

Housing is provided for the President as a condition of employment for the convenience of the University. The college also provides housing to two other individuals listed on Part VII that is included as a taxable benefit. The President's written contract includes monthly dues for one social club membership for the purpose of conducting college business. They are included in taxable compensation.

Part I, Line 4b

CGU established a nonqualified deferred compensation plan under section 457(f) of the Internal Revenue Code for the President's benefit. In 2023, distributions and contributions from the plan were made in the amount of $156,064 and $30,000, respectively.

Part I, Line 7

Certain Individuals received non-fixed bonus/incentive compensation payments for 2023 reported on Schedule J, Part II, Column B (ii).

Disregarded entities

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

• CGU Student Housing LLC

  Student Housing · CA · income $0 · assets $0

  Directly controlled by CGU

Related corporations and trusts

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

• Charitable Remainder Trusts (7)

  Holdings · CA · controlled entity

  Directly controlled by Claremont Graduate University

• Pooled Income Funds (1)

  Holdings · CA · controlled entity

  Directly controlled by Claremont Graduate University