The Claremont Colleges Inc
- Assets
- $182.1m
- Revenue
- $52.5m
- Investments
- $11.2m
- Employees
- 410
- Location
- Claremont, CA
- Founding
- 09/2000
- Data as of
- 06/2021
- EIN
- 95-4786748
Organization Overview
The Claremont Colleges Inc is located in Claremont, CA. The organization was established in 2000. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, Claremont Colleges Inc employed 410 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Claremont Colleges Inc 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, Claremont Colleges Inc generated $52.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $42.3m during the year ending 06/2021. While expenses have increased by 0.7% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE CLAREMONT COLLEGES BY AIDING COLLABORATION & THE ESTAB. OF NEW INSTITUTIONS.
Describe the Organization's Program Activity:
INSTITUTIONAL SUPPORT SERVICES PROVIDED TO THE CLAREMONT COLLEGES BY TCC INCLUDE: FOOD SERVICES ADMINISTRATION; PHYSICAL PLANT AND FACILITIES SUPPORT; PAYROLL AND ACCOUNTING; INFORMATION TECHNOLOGY; REAL ESTATE; RISK MANAGEMENT; AND EMPLOYEE BENEFITS. ADDITIONAL FUNCTIONS INCLUDE ADVANCING THE CLAREMONT COLLEGES, FOUNDING ADDITIONAL INSTITUTIONS AND PROMOTING COOPERATION AMONG MEMBERS TO ENHANCE PROGRAMS.
ACADEMIC SUPPORT SERVICES PROVIDED BY TCC INCLUDE THE CENTRAL LIBRARY SYSTEM AND BOOKSTORE PROVIDING LIBRARY SERVICES AND MAKING TEXTBOOKS AVAILABLE FOR THE FACULTY AND STUDENTS OF THE CLAREMONT COLLEGES.
STUDENT SERVICES PROVIDED TO THE CLAREMONT COLLEGES BY TCC INCLUDE: HEALTH AND COUNSELING SERVICES; ETHNIC CENTERS; AN INTERFAITH OFFICE OF CHAPLAINS AND CAMPUS SAFETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stig Lanesskogg Chief Executive Officer | OfficerTrustee | 40 | $437,839 |
Janet Smith Dickerson VP For Student Affairs | Officer | 40 | $262,235 |
Steven Holley Thru 0121 VP For Finance And Admin/treasurer | Officer | 40 | $259,119 |
Charles Thompson Chief Information Officer | Officer | 40 | $226,612 |
Janet Bishop Dean Of The Library | Officer | 40 | $214,423 |
Mia Alonzo Assistant Vice President/controller | Officer | 20 | $173,190 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Deloitte Consulting Llp Consulting Services | 6/29/21 | $3,620,929 |
Greines Martin Stein & Richland Llp Legal Counsel | 6/29/21 | $555,421 |
Workday Software Consulting | 6/29/21 | $1,031,531 |
Moss Adams Llp Accounting/tax | 6/29/21 | $1,276,584 |
Kronos Incorporated Consulting Services | 6/29/21 | $516,557 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,443,348 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,830 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,466,178 |
| Total Program Service Revenue | $35,917,502 |
| Investment income | $586,856 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$20,667 |
| Net Gain/Loss on Asset Sales | $14,552,972 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $52,502,841 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,043,512 |
| Compensation of current officers, directors, key employees. | $1,547,332 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,173,652 |
| Pension plan accruals and contributions | $516,242 |
| Other employee benefits | $2,895,016 |
| Payroll taxes | $1,389,145 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $480,215 |
| Fees for services: Accounting | $123,934 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $246,953 |
| Fees for services: Other | $2,882,652 |
| Advertising and promotion | $28,674 |
| Office expenses | $1,936,168 |
| Information technology | $1,548,824 |
| Royalties | $0 |
| Occupancy | $1,501,022 |
| Travel | $42,549 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $135,286 |
| Interest | $667,748 |
| Payments to affiliates | $781,829 |
| Depreciation, depletion, and amortization | $4,219,422 |
| Insurance | $141,938 |
| All other expenses | $109,151 |
| Total functional expenses | $42,287,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,637,287 |
| Savings and temporary cash investments | $2,187,541 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,691,638 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $330,232 |
| Prepaid expenses and deferred charges | $1,722,596 |
| Net Land, buildings, and equipment | $59,472,086 |
| Investments—publicly traded securities | $92,437,025 |
| Investments—other securities | $11,178,297 |
| Investments—program-related | $2,789,146 |
| Intangible assets | $2,640,026 |
| Other assets | $0 |
| Total assets | $182,085,874 |
| Accounts payable and accrued expenses | $7,620,801 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $11,111,057 |
| Escrow or custodial account liability | $1,034,156 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $6,436,080 |
| Other liabilities | $219,763 |
| Total liabilities | $26,421,857 |
| Net assets without donor restrictions | $120,400,031 |
| Net assets with donor restrictions | $35,263,986 |
| 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 | $182,085,874 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Claremont Colleges Inc has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Greenbridge Family Foundation San Francisco, CA PURPOSE: TO SUPPORT EDUCATION SERVICES | $2,500 |
Endowment Analysis
| Beg. Balance | $27,013,697 |
| Earnings | $9,042,480 |
| Admin Expense | $248,271 |
| Net Contributions | $1,000 |
| Other Expense | $1,282,289 |
| Grants | $6,083 |
| Ending Balance | $34,520,534 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Enterprises Inc Sacramento, CA | $150,298,368 | $99,291,560 |
University Of California Irvine Foundation Irvine, CA | $884,006,067 | $143,548,070 |
U C San Diego Foundation La Jolla, CA | $1,658,962,820 | $199,905,173 |
California State University Fresno Foundation Fresno, CA | $305,581,286 | $82,049,002 |
University Of Hawaii Foundation Honolulu, HI | $548,406,506 | $76,733,850 |
University Corporation At Monterey Bay Seaside, CA | $199,917,843 | $49,155,763 |
San Jose State University Research Foundation San Jose, CA | $57,091,451 | $53,661,013 |
University Of Nevada-Reno Foundation Reno, NV | $310,760,494 | $35,673,494 |
The U C Davis Foundation Davis, CA | $716,342,130 | $110,976,640 |
Southwestern Law School Los Angeles, CA | $126,801,745 | $54,692,632 |
Associated Students Ucla Los Angeles, CA | $54,580,827 | $39,327,069 |
Csu Fullerton Auxiliary Services Corporation Fullerton, CA | $104,352,109 | $45,637,535 |