Claremont Mckenna College
- Assets
- $2.4b
- Revenue
- $465.3m
- Investments
- $1.4b
- Employees
- 1,876
- Location
- Claremont, CA
- Founding
- 10/1948
- Data as of
- 06/2022
- EIN
- 95-1664101
Organization Overview
Claremont Mckenna College, operating under the name Na, is located in Claremont, CA. The organization was established in 1948. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Na employed 1,876 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Na is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Na generated $465.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $197.5m during the year ending 06/2022. While expenses have increased by 4.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CLAREMONT MCKENNA COLLEGE IS A HIGHLY SELECTIVE, INDEPENDENT, COEDUCATIONAL, RESIDENTIAL, UNDERGRADUATE LIBERAL ARTS COLLEGE. ITS MISSION, WITHIN THE MUTUALLY SUPPORTIVE FRAMEWORK OF THE CLAREMONT COLLEGES, IS TO EDUCATE ITS STUDENTS FOR THOUGHTFUL AND PRODUCTIVE LIVES AND RESPONSIBLE LEADERSHIP IN BUSINESS, GOVERNMENT, AND THE PROFESSIONS, AND TO SUPPORT FACULTY AND STUDENT SCHOLARSHIP THAT CONTRIBUTE TO INTELLECTUAL VITALITY AND THE UNDERSTANDING OF PUBLIC POLICY ISSUES. THE COLLEGE PURSUES THIS MISSION BY PROVIDING A LIBERAL ARTS EDUCATION THAT EMPHASIZES ECONOMICS AND POLITICAL SCIENCE, A PROFESSORIATE THAT IS DEDICATED TO EFFECTIVE UNDERGRADUATE TEACHING, A CLOSE STUDENT-TEACHER RELATIONSHIP THAT FOSTERS CRITICAL INQUIRY, AN ACTIVE RESIDENTIAL AND INTELLECTUAL ENVIRONMENT THAT PROMOTES RESPONSIBLE CITIZENSHIP, AND A PROGRAM OF RESEARCH INSTITUTES AND SCHOLARLY SUPPORT THAT MAKES POSSIBLE A FACULTY OF TEACHER-SCHOLARS.
Describe the Organization's Program Activity:
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hiram Chodosh President | OfficerTrustee | 40 | $631,056 |
James Floyd VP And Chief Investment Officer | Officer | 1 | $678,478 |
Nishant Dass Faculty | 40 | $366,800 | |
Eric Hughson Faculty | 40 | $367,630 | |
Coreen Rodgers Thru 0122 VP Of Business & Chief Operating Officer | Officer | 40 | $380,000 |
Eric Helland Faculty | 40 | $351,384 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bon Appetit Catering | 6/29/22 | $6,233,516 |
Hamilton Health Box Inc Medical Services | 6/29/22 | $3,507,302 |
Bjarke Ingels Group California Inc Engineering/architecture | 6/29/22 | $2,641,460 |
Amb Onsite Services - West Inc Janitorial Services | 6/29/22 | $1,623,544 |
Alexan Kendry Housing | 6/29/22 | $1,296,828 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $364,532 |
| All other contributions, gifts, grants, and similar amounts not included above | $222,300,181 |
| Noncash contributions included in lines 1a–1f | $5,448,540 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $222,664,713 |
| Total Program Service Revenue | $114,749,394 |
| Investment income | $17,412,830 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$171,536 |
| Net Gain/Loss on Asset Sales | $109,561,492 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $465,299,409 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $31,510,879 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,171,950 |
| Compensation of current officers, directors, key employees. | $2,712,881 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $54,416,349 |
| Pension plan accruals and contributions | $7,247,094 |
| Other employee benefits | $5,944,682 |
| Payroll taxes | $3,646,795 |
| Fees for services: Management | $1,469,131 |
| Fees for services: Legal | $726,941 |
| Fees for services: Accounting | $280,409 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,227,733 |
| Fees for services: Other | $4,329,996 |
| Advertising and promotion | $873,793 |
| Office expenses | $9,131,784 |
| Information technology | $2,991,074 |
| Royalties | $0 |
| Occupancy | $6,136,248 |
| Travel | $6,215,268 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,457,765 |
| Interest | $14,725,104 |
| Payments to affiliates | $3,582,140 |
| Depreciation, depletion, and amortization | $9,494,222 |
| Insurance | $723,637 |
| All other expenses | $1,828,932 |
| Total functional expenses | $197,485,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,016,163 |
| Savings and temporary cash investments | $32,499,728 |
| Pledges and grants receivable | $410,821,234 |
| Accounts receivable, net | $7,505,903 |
| Loans from Officers, Directors, or Controlling Persons | $70,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,221,493 |
| Net Land, buildings, and equipment | $291,377,214 |
| Investments—publicly traded securities | $282,354,218 |
| Investments—other securities | $1,372,332,469 |
| Investments—program-related | $6,868,709 |
| Intangible assets | $0 |
| Other assets | $1,003,205 |
| Total assets | $2,409,070,336 |
| Accounts payable and accrued expenses | $32,401,620 |
| Grants payable | $0 |
| Deferred revenue | $2,244,616 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $521,936,116 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $99,920,100 |
| Total liabilities | $656,502,452 |
| Net assets without donor restrictions | $370,899,618 |
| Net assets with donor restrictions | $1,381,668,266 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,409,070,336 |