Pomona College
- Assets
- $3.2b
- Revenue
- $268.5m
- Investments
- $2.2b
- Employees
- 2,847
- Location
- Claremont, CA
- Founding
- 12/1954
- Data as of
- 06/2020
- EIN
- 95-1664112
Organization Overview
Pomona College is located in Claremont, CA. The organization was established in 1954. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2020, Pomona College employed 2,847 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, Pomona College generated $268.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $246.0m during the year ending 06/2020. While expenses have increased by 3.3% per year over the past 5 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
POMONA COLLEGE IS A LIBERAL ARTS INSTITUTION DEDICATED TO THE PURSUIT OF KNOWLEDGE AND UNDERSTANDING THROUGH THE STUDY OF THE SCIENCES & HUMANITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION AND RESEARCH: RANKED 5TH IN NATIONAL LIBERAL ARTS COLLEGES ACCORDING TO U.S. NEWS AND WORLD REPORT FOR 2020, POMONA COLLEGE OFFERS AN ACADEMIC PROGRAM THAT ENCOMPASSES THE MAJOR FIELDS OF THE ARTS, HUMANITIES, NATURAL SCIENCES AND SOCIAL SCIENCES. LEARNING IS ENCOURAGED THROUGH THEORY-BUILDING AND EMPIRICAL RESEARCH, HISTORICAL AND LINGUISTIC ANALYSIS, INQUIRY AND ETHICAL DEBATE. POMONA'S LIBERAL ARTS CURRICULUM, SMALL CLASSES, RESIDENTIAL CAMPUS AND SOPHISTICATED LABORATORIES AND STUDIOS PREPARE STUDENTS FOR LIVES OF PERSONAL FULFILLMENT AND SOCIAL RESPONSIBILITY IN A GLOBAL CONTEXT. (CONTINUED ON SCHEDULE O)
AUXILIARY ENTERPRISES: A MAJORITY OF POMONA COLLEGE STUDENTS RESIDE IN CAMPUS HOUSING THROUGHOUT THEIR COLLEGE CAREER, A TESTAMENT TO THE QUALITY OF LIFE ON CAMPUS. THE SCALE AND ARRANGEMENT OF POMONA'S 14 RESIDENCE HALLS ENCOURAGE STUDENTS TO GET TO KNOW EACH OTHER. RANGING IN SIZE FROM 60 TO 250 STUDENTS, WITH AN AVERAGE OF ABOUT 120 EACH, THESE COEDUCATIONAL RESIDENCES ARE LARGE ENOUGH TO BRING TOGETHER STUDENTS WITH A VARIETY OF INTERESTS AND EXPERIENCES, BUT SMALL ENOUGH TO ALLOW RESIDENTS TO WORK IN COHESIVE GROUPS. (CONTINUED SCHEDULE O)
STUDENT SERVICES: POMONA COLLEGE OFFERS STUDENTS A WIDE VARIETY OF PROGRAMS TO EXTEND THEIR EDUCATION BEYOND THE CLASSROOM, INCLUDING CLUBS, SPORTS, THE STUDENT LIFE NEWSPAPER AND STUDENT GOVERNMENT. OTHER RESOURCES OFFERED TO STUDENTS INCLUDE THE OFFICE OF BLACK STUDENT AFFAIRS, THE ASIAN AMERICAN RESOURCE CENTER, THE CHICANO/LATINO STUDENT AFFAIRS CENTER, THE WOMEN'S UNION AND THE QUEER RESOURCE CENTER.(CONTINUED SCHEDULE O)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gabi Starr President | Officer | 40 | $646,696 |
Karen Sisson VP Treasurer | Officer | 40 | $384,631 |
Seth Allen VP Strategy/dean Adm & Fin Aid | Officer | 40 | $356,985 |
Avis Hinkson VP & Dean Students | Officer | 40 | $324,109 |
Gary Smith Professor | 40 | $281,575 | |
David Wallace Asst Treasurer/cio | Officer | 40 | $263,272 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tortoise Capital Advisors Llc Investment Advisory | 6/29/20 | $465,285 |
Cambridge Associateds Llc Investment Advisory | 6/29/20 | $1,474,504 |
Solomon Cordwell Buenz Architect | 6/29/20 | $1,400,002 |
Hirschfeld Kramer Llc Legal | 6/29/20 | $1,289,008 |
Kpmg Llc Audit & Tax Services | 6/29/20 | $439,682 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $6,221 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,916,026 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,967,236 |
| Noncash contributions included in lines 1a–1f | $4,645,822 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,889,483 |
| Total Program Service Revenue | $114,883,707 |
| Investment income | $28,664,400 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $69,797 |
| Net Rental Income | $667,163 |
| Net Gain/Loss on Asset Sales | $101,580,483 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $268,454,382 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $45,354,763 |
| Grants and other assistance to Foreign Orgs/Individuals | $4,378,870 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,656,981 |
| Compensation of current officers, directors, key employees. | $2,253,632 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $71,475,877 |
| Pension plan accruals and contributions | $6,422,056 |
| Other employee benefits | $9,397,970 |
| Payroll taxes | $5,974,274 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,599,600 |
| Fees for services: Accounting | $625,651 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,009,725 |
| Fees for services: Other | $17,432,987 |
| Advertising and promotion | $389,665 |
| Office expenses | $10,148,822 |
| Information technology | $2,875,568 |
| Royalties | $0 |
| Occupancy | $9,283,963 |
| Travel | $2,906,487 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $396,315 |
| Interest | $7,657,453 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,456,711 |
| Insurance | $553,142 |
| All other expenses | $3,011,340 |
| Total functional expenses | $245,984,591 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $161,030,930 |
| Pledges and grants receivable | $32,386,559 |
| Accounts receivable, net | $3,602,900 |
| Loans from Officers, Directors, or Controlling Persons | $2,548,315 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $60,134 |
| Prepaid expenses and deferred charges | $2,063,290 |
| Net Land, buildings, and equipment | $417,108,787 |
| Investments—publicly traded securities | $258,793,891 |
| Investments—other securities | $2,240,284,877 |
| Investments—program-related | $36,466,611 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,154,346,294 |
| Accounts payable and accrued expenses | $16,476,651 |
| Grants payable | $0 |
| Deferred revenue | $5,021,463 |
| Tax-exempt bond liabilities | $221,686,846 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $65,000,000 |
| Other liabilities | $141,343,432 |
| Total liabilities | $449,528,392 |
| Net assets without donor restrictions | $1,278,942,303 |
| Net assets with donor restrictions | $1,425,875,599 |
| 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 | $3,154,346,294 |
Grants Recieved
Over the last fiscal year, we have identified 21 grants that Pomona College has recieved totaling $564,837.
| Awarding Organization | Amount |
|---|---|
Paul K Richter Memorial Fund Providence, RI PURPOSE: UNRESTRICTED GENERAL | $210,000 |
Society For Conservation Biology Washington, DC PURPOSE: TO SUPPORT APPLIED CONSERVATION BIOLOGY | $92,859 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $54,939 |
William C Free & Mazy Bell Free Scholarship Fund Trust U/W Mazy Be Pasadena, CA PURPOSE: SCHOLARSHIP FUND | $49,550 |
Joseph Drown Foundation Beverly Hills, CA PURPOSE: ACADEMY FOR YOUTH SUCCESS | $30,000 |
Harris Family Foundation Bozeman, MT PURPOSE: CONTRIBUTION TO GENERAL FUND | $25,000 |
Endowment Analysis
| Beg. Balance | $2,321,097,295 |
| Earnings | $21,844,701 |
| Admin Expense | $8,009,725 |
| Net Contributions | $11,385,079 |
| Other Expense | $42,036,355 |
| Grants | $49,733,633 |
| Ending Balance | $2,254,547,362 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
California Baptist University Riverside, CA | $582,918,110 | $388,271,468 |
Pomona College Claremont, CA | $3,154,346,294 | $268,454,382 |
Lewis And Clark College Portland, OR | $504,918,917 | $193,317,851 |
Occidental College Los Angeles, CA | $765,509,838 | $193,661,397 |
Claremont Mckenna College Claremont, CA | $1,751,055,641 | $321,560,955 |
Art Center College Of Design Pasadena, CA | $332,038,708 | $136,246,273 |
Reed Institute Portland, OR | $830,773,806 | $130,106,013 |
California College Of The Arts San Francisco, CA | $183,435,750 | $118,675,549 |
Linfield University Mcminnville, OR | $269,211,978 | $107,455,893 |
Westmont College Santa Barbara, CA | $306,042,856 | $99,172,732 |
Scripps College Claremont, CA | $617,457,507 | $98,616,217 |
Harvey Mudd College Claremont, CA | $530,392,219 | $92,164,752 |