Harvey Mudd College
- Assets
- $659.2m
- Revenue
- $77.7m
- Investments
- $0.0
- Employees
- 1,078
- Location
- Claremont, CA
- Founding
- 09/1958
- Data as of
- 06/2021
- EIN
- 95-1911219
Organization Overview
Harvey Mudd College is located in Claremont, CA. The organization was established in 1958. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Harvey Mudd College employed 1,078 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harvey Mudd 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 06/2021, Harvey Mudd College generated $77.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $78.2m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
HMC IS ONE OF THE PREMIER MATH, SCIENCE AND ENGINEERING LIBERAL ARTS COLLEGES IN THE NATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL PROGRAM SERVICES RELATE TO UNDERGRADUATE EDUCATION, FULL TIME EQUIVALENT ENROLLMENT OF APPROXIMATELY 900 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria M Klawe President | OfficerTrustee | 50 | $675,818 |
Andrew Dorantes - Vp Chief Operating Officer/treasurer | Officer | 50 | $350,499 |
Hieu Nguyen VP For Advancement | Officer | 50 | $306,348 |
Anna Gonzalez - Vp For Student Affairs/dean Of Faculty | Officer | 50 | $268,838 |
Lisa Sullivan - Vp For Academic Affairs & Dean Of Faculty | Officer | 50 | $262,918 |
Thyra Briggs - Vp For Admission And Financial Aid | Officer | 50 | $236,687 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dpr Construction Construction | 6/29/21 | $20,177,203 |
Sodexo Inc Food Service | 6/29/21 | $1,058,882 |
Tovey Shultz Construction Inc Construction | 6/29/21 | $169,590 |
Smithgroup Inc Architect | 6/29/21 | $238,000 |
Steinberg Hart Architect | 6/29/21 | $618,090 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,011,276 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,413,865 |
| Noncash contributions included in lines 1a–1f | $552,148 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,425,141 |
| Total Program Service Revenue | $52,079,140 |
| Investment income | $4,797,042 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,384 |
| Net Rental Income | $70,086 |
| Net Gain/Loss on Asset Sales | $7,357,987 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $77,731,780 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $13,972,626 |
| Grants and other assistance to Foreign Orgs/Individuals | $810,830 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,267,795 |
| Compensation of current officers, directors, key employees. | $826,193 |
| Compensation to disqualified persons | $695,549 |
| Other salaries and wages | $25,920,432 |
| Pension plan accruals and contributions | $2,986,383 |
| Other employee benefits | $4,597,451 |
| Payroll taxes | $1,988,895 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $187,906 |
| Fees for services: Accounting | $165,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,099,391 |
| Fees for services: Other | $1,848,655 |
| Advertising and promotion | $152,627 |
| Office expenses | $1,339,064 |
| Information technology | $947,394 |
| Royalties | $0 |
| Occupancy | $1,767,965 |
| Travel | $216,972 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $95,142 |
| Interest | $1,881,157 |
| Payments to affiliates | $489,363 |
| Depreciation, depletion, and amortization | $4,969,952 |
| Insurance | $313,394 |
| All other expenses | $1,137,249 |
| Total functional expenses | $78,166,837 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,285,925 |
| Savings and temporary cash investments | $41,731,739 |
| Pledges and grants receivable | $12,247,276 |
| Accounts receivable, net | $755,674 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $255,114 |
| Net Land, buildings, and equipment | $147,940,230 |
| Investments—publicly traded securities | $453,337,355 |
| Investments—other securities | $0 |
| Investments—program-related | $1,598,125 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $659,151,438 |
| Accounts payable and accrued expenses | $8,683,015 |
| Grants payable | $0 |
| Deferred revenue | $1,211,812 |
| Tax-exempt bond liabilities | $12,917,094 |
| Escrow or custodial account liability | $1,120,559 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $51,902,771 |
| Other liabilities | $7,393,923 |
| Total liabilities | $83,229,174 |
| Net assets without donor restrictions | $194,254,075 |
| Net assets with donor restrictions | $381,668,189 |
| 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 | $659,151,438 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Harvey Mudd College has recieved totaling $14,000.
| Awarding Organization | Amount |
|---|---|
Los Angeles Philanthropic Foundation Los Angeles, CA PURPOSE: GRANTS FOR SCHOLARSHIPS | $14,000 |
Endowment Analysis
| Beg. Balance | $321,389,453 |
| Earnings | $134,836,315 |
| Net Contributions | $3,930,891 |
| Other Expense | $12,612,545 |
| Grants | $3,059,939 |
| Ending Balance | $444,484,175 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
California Baptist University Riverside, CA | $602,706,322 | $400,113,733 |
Pomona College Claremont, CA | $3,932,260,494 | $235,119,844 |
Lewis And Clark College Portland, OR | $616,912,897 | $240,136,903 |
Claremont Mckenna College Claremont, CA | $1,751,055,641 | $321,560,955 |
Occidental College Los Angeles, CA | $902,945,083 | $157,427,095 |
Art Center College Of Design Pasadena, CA | $332,038,708 | $136,246,273 |
Reed Institute Portland, OR | $1,033,562,980 | $135,489,826 |
Linfield University Mcminnville, OR | $308,659,467 | $110,269,366 |
Westmont College Santa Barbara, CA | $328,569,320 | $121,110,665 |
Scripps College Claremont, CA | $617,457,507 | $98,616,217 |
California College Of The Arts San Francisco, CA | $203,468,162 | $107,701,190 |
Vanguard University Of So Ca Costa Mesa, CA | $81,753,319 | $83,351,301 |