Scripps College
- Assets
- $703.9m
- Revenue
- $118.4m
- Investments
- $284.5m
- Employees
- 1,067
- Location
- Claremont, CA
- Founding
- 10/1938
- Data as of
- 06/2022
- EIN
- 95-1664123
Organization Overview
Scripps College is located in Claremont, CA. The organization was established in 1938. 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, Scripps College employed 1,067 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Scripps College 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, Scripps College generated $118.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $113.0m during the year ending 06/2022. While expenses have increased by 4.4% 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
SCRIPPS COLLEGE ("SCRIPPS") IS AN INDEPENDENT, LIBERAL ARTS, UNDERGRADUATE COLLEGE FOR WOMEN.
Describe the Organization's Program Activity:
SCRIPPS COLLEGE ("SCRIPPS") IS AN INDEPENDENT, LIBERAL ARTS COLLEGE FOR WOMEN WITH A DISTINCTIVE INTERDISCIPLINARY CORE CURRICULUM OFFERING INSTRUCTION IN THE HUMANITIES, FINE ARTS, AND THE NATURAL AND SOCIAL SCIENCES. SCRIPPS HAS AN ENROLLMENT OF APPROXIMATELY 1,100 STUDENTS. FOUNDED IN 1926, THE CAMPUS IS ON THE NATIONAL REGISTER OF HISTORIC PLACES. ITS MISSION IS TO EDUCATE WOMEN TO DEVELOP THEIR INTELLECT AND TALENTS THROUGH ACTIVE PARTICIPATION IN A COMMUNITY OF SCHOLARS, SO THAT AS GRADUATES THEY MAY CONTRIBUTE TO SOCIETY THROUGH PUBLIC AND PRIVATE LIVES OF LEADERSHIP, SERVICE, INTEGRITY AND CREATIVITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Marcus-Newhall Interim President | OfficerTrustee | 40 | $415,279 |
Dean Calvo Vp/business Affairs/treasurer | Officer | 40 | $317,466 |
Binti Harvey - Vp External Relations & Institutional Advancement | Officer | 40 | $282,130 |
Ulysses Sofia Faculty | 40 | $267,945 | |
Denise Nelson Nash Vp/secretary Of The Board | Officer | 40 | $236,589 |
Larissa Tiedens Former President Thru 04/21 | 40 | $219,368 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kar Construction Inc Construction | 6/29/22 | $2,351,519 |
Bon Appetit Food Service | 6/29/22 | $1,631,452 |
Healthcare It Leaders Llc Staffing - Healthcare Technology | 6/29/22 | $1,531,890 |
Cambridge Associates Llc Investment Management Services | 6/29/22 | $714,232 |
Hamilton Healthcare Construction Construction | 6/29/22 | $351,352 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $299,179 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,321,908 |
| Noncash contributions included in lines 1a–1f | $1,089,200 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,621,087 |
| Total Program Service Revenue | $84,763,241 |
| Investment income | $2,328,270 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $5,545 |
| Net Rental Income | -$394,862 |
| Net Gain/Loss on Asset Sales | $25,075,071 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $118,398,352 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $21,674,958 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,679,432 |
| Compensation of current officers, directors, key employees. | $1,297,051 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,435,314 |
| Pension plan accruals and contributions | $4,995,719 |
| Other employee benefits | $3,566,081 |
| Payroll taxes | $2,080,184 |
| Fees for services: Management | $1,466,061 |
| Fees for services: Legal | $419,383 |
| Fees for services: Accounting | $200,691 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,846,345 |
| Fees for services: Other | $8,867,489 |
| Advertising and promotion | $242,242 |
| Office expenses | $4,887,972 |
| Information technology | $1,147,642 |
| Royalties | $0 |
| Occupancy | $5,217,413 |
| Travel | $544,442 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $460,545 |
| Interest | $2,561,569 |
| Payments to affiliates | $296,248 |
| Depreciation, depletion, and amortization | $8,783,985 |
| Insurance | $550,206 |
| All other expenses | $453,802 |
| Total functional expenses | $113,037,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $310,622 |
| Savings and temporary cash investments | $45,669,115 |
| Pledges and grants receivable | $4,068,761 |
| Accounts receivable, net | $1,643,975 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $19,214 |
| Inventories for sale or use | $31,194 |
| Prepaid expenses and deferred charges | $605,600 |
| Net Land, buildings, and equipment | $147,391,610 |
| Investments—publicly traded securities | $195,522,630 |
| Investments—other securities | $284,538,663 |
| Investments—program-related | $2,545,495 |
| Intangible assets | $0 |
| Other assets | $21,537,416 |
| Total assets | $703,884,295 |
| Accounts payable and accrued expenses | $7,476,436 |
| Grants payable | $0 |
| Deferred revenue | $2,304,780 |
| Tax-exempt bond liabilities | $95,408,579 |
| Escrow or custodial account liability | $101,842 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,484,626 |
| Total liabilities | $109,776,263 |
| Net assets without donor restrictions | $142,432,549 |
| Net assets with donor restrictions | $451,675,483 |
| 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 | $703,884,295 |