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Nonprofiteer
← CLAREMONT MCKENNA COLLEGE

Form 990 for tax year 2023

Filed by CLAREMONT MCKENNA COLLEGE.

Totals

Total revenue
$233,775,667
Total expenses
$219,081,480
Contributions and grants received
$36,858,339
Grants paid
$34,475,392
Program services expenses (Part IX)
$175,948,925
Management and general expenses
$36,926,429
Fundraising expenses
$6,206,126
Program service expenses (Part III)
$175,948,925

Program services were 80.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Hiram Chodosh

    President

    Total calculated
    $1,821,997
    From this org
    $1,628,616
    From related orgs
    $0
    Other
    $193,381
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $651,074
    Bonus
    $621,863
    Other
    $355,679
    Deferred
    $111,558
    Nontaxable benefits
    $81,823
    Filer's total
    $1,821,997

  • David G Mgrublian

    Chair of Board of Trustees

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Todd Barker

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • E David Hetz

    Vice Chair of Board of Trustees

    Total calculated
    $0
    Hours/week
    1

  • Harry T McMahon

    Vice Chair of Board of Trustees

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Allison Aldrich

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Peter K Barker

    Vice Chair of the Board of Trustees

    Total calculated
    $0
    Hours/week
    1

  • James B Bemowski

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Stephen C Bullock

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • A Steven Crown

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Tina Daniels

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Cary Davidson

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Robert A Day

    Trustee (thru 09/23)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • David Dreier

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Steven L Eggert

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Elyssa Elbaz

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Eric Fujimoto

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Antoine Grant

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Laura M Grisolano

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Stella Ho

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Susan Matteson King

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey S Klein

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Betsy Berns Korn

    Trustee (as of 04/24)

    Total calculated
    $0
    Hours/week
    1

  • Henry R Kravis

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Duane Kurisu

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Michael Larson

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Lew

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Tao Li

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • James B McElwee

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • AMB C Steven McGann

    Trustee (thru 05/23)

    Total calculated
    $0
    Hours/week
    1

  • Marci Lerner Miller

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Akshata N Murty

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Paul Nathan

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Tendo Nagenda

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Donna Wengert Neff

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Douglas L Peterson

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Rey Ramsey

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • G Jeffrey Records Jr

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • George R Roberts

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Richard J Romero

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Rossi A Russell

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • John Shrewsberry

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Darrell G Smith

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Bruce A Soll

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Scott Torrey

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Kenneth J Valach

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Shaw B Wagener

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Sharon Basso Exec VP and

    COO, Acting President (thru 12/23)

    Total calculated
    $498,676
    From this org
    $395,666
    From related orgs
    $0
    Other
    $103,010
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $394,826
    Bonus
    $0
    Other
    $840
    Deferred
    $44,145
    Nontaxable benefits
    $58,865
    Filer's total
    $498,676

  • Matthew Bibbens VP of Campus

    Planning & Cap. Proj., Sp. Counsel

    Total calculated
    $414,392
    From this org
    $335,790
    From related orgs
    $0
    Other
    $78,602
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

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

  • Erin Watkins

    VP of Business, CFO

    Total calculated
    $338,517
    From this org
    $290,000
    From related orgs
    $0
    Other
    $48,517
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

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

  • Mia Alonzo

    Controller

    Total calculated
    $235,239
    From this org
    $0
    From related orgs
    $189,001
    Other
    $46,238
    Hours/week
    4 + 20 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

  • Kimberly Shiring Secretary of

    the College & Director of Public Art

    Total calculated
    $207,527
    From this org
    $163,500
    From related orgs
    $0
    Other
    $44,027
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,500
    Bonus
    $0
    Other
    $0
    Deferred
    $16,373
    Nontaxable benefits
    $27,654
    Filer's total
    $207,527

  • James Floyd

    VP and Chief Investment Officer

    Total calculated
    $994,307
    From this org
    $888,315
    From related orgs
    $0
    Other
    $105,992
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

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

  • Michelle Chamberlain VP Adv

    Dean of Robert Day Scholars Program

    Total calculated
    $430,386
    From this org
    $375,840
    From related orgs
    $0
    Other
    $54,546
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $375,000
    Bonus
    $0
    Other
    $840
    Deferred
    $41,752
    Nontaxable benefits
    $12,794
    Filer's total
    $430,386

  • Heather Antecol VP for Acad

    Affairs & Dean of Faculty, Prof.

    Total calculated
    $410,255
    From this org
    $347,552
    From related orgs
    $0
    Other
    $62,703
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $346,712
    Bonus
    $0
    Other
    $840
    Deferred
    $38,366
    Nontaxable benefits
    $24,337
    Filer's total
    $410,255

  • Nyree Gray VP of Human

    Relations & Chief Diversity Officer

    Total calculated
    $311,082
    From this org
    $264,900
    From related orgs
    $0
    Other
    $46,182
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $264,900
    Bonus
    $0
    Other
    $0
    Deferred
    $28,499
    Nontaxable benefits
    $17,683
    Filer's total
    $311,082

  • Diana Graves

    VP for Student Affairs

    Total calculated
    $322,884
    From this org
    $261,177
    From related orgs
    $0
    Other
    $61,707
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $229,167
    Bonus
    $0
    Other
    $32,010
    Deferred
    $24,508
    Nontaxable benefits
    $37,199
    Filer's total
    $322,884

  • Marcie Gardner

    General Counsel

    Total calculated
    $323,637
    From this org
    $258,340
    From related orgs
    $0
    Other
    $65,297
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $257,500
    Bonus
    $0
    Other
    $840
    Deferred
    $27,556
    Nontaxable benefits
    $37,741
    Filer's total
    $323,637

  • Michael Denny

    AVP for Investments

    Total calculated
    $527,084
    From this org
    $472,873
    From related orgs
    $0
    Other
    $54,211
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

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

  • Nishant Dass

    Faculty

    Total calculated
    $500,190
    From this org
    $431,159
    From related orgs
    $0
    Other
    $69,031
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $430,569
    Bonus
    $0
    Other
    $590
    Deferred
    $36,864
    Nontaxable benefits
    $32,167
    Filer's total
    $500,190

  • Eric Hughson

    Faculty

    Total calculated
    $485,539
    From this org
    $425,311
    From related orgs
    $0
    Other
    $60,228
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $425,311
    Bonus
    $0
    Other
    $0
    Deferred
    $46,263
    Nontaxable benefits
    $13,965
    Filer's total
    $485,539

  • Eric Helland

    Faculty

    Total calculated
    $401,692
    From this org
    $354,634
    From related orgs
    $0
    Other
    $47,058
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $354,634
    Bonus
    $0
    Other
    $0
    Deferred
    $39,332
    Nontaxable benefits
    $7,726
    Filer's total
    $401,692

  • Ran Libeskind-Hadas

    Faculty

    Total calculated
    $423,615
    From this org
    $354,157
    From related orgs
    $0
    Other
    $69,458
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $353,317
    Bonus
    $0
    Other
    $840
    Deferred
    $38,271
    Nontaxable benefits
    $31,187
    Filer's total
    $423,615

  • Peter Uvin

    Former VP of Academic Affairs

    Total calculated
    $334,626
    From this org
    $267,676
    From related orgs
    $0
    Other
    $66,950
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $266,836
    Bonus
    $0
    Other
    $840
    Deferred
    $28,945
    Nontaxable benefits
    $38,005
    Filer's total
    $334,626

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 — 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 · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 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
  • 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 - The College pays for the class above economy for all domestic and international travel for the President and Chief Investment Officer per employment contract. - Travel for Companions - The College pays for expenses for the President's spouse's travel as covered per contract with valid business reason. - Housing allowance or residence for personal use - The College provides housing to the president and a key employee as a condition of employment. The value of the employer provided housing has been determined to meet the criteria of Sec 119 and is therefore reported as a non-taxable benefit. The college also provides housing to a key employee that is included as a taxable benefit. - Health or social club dues - The College pays dues to a social club for the sole purpose of conducting college business; no personal social activities are allowed. Because no personal social activities are conducted, the dues are not included in taxable compensation.
Part I, Line 4b
-Hiram Chodosh participates in a nonqualified deferred compensation plan under section 457(f). In 2023, contributions to the plan were made in the amount of $52,662, and distributions were made from the plan in the amount of $330,839.
Part I, Line 7
The College paid one-time performance related bonuses to certain individuals. The College also paid a one-time retention bonus to the President that was approved by the Compensation and Personnel Subcommittee of the Executive Committee of the Board of Trustees.

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
8 May 2025
IRS schema version
2023v6.0
Source object
202511299349304366

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