Harvey Mudd College
- Assets
- $620.8m
- Revenue
- $135.4m
- Investments
- $0.0
- Employees
- 1,129
- Location
- Claremont, CA
- Founding
- 09/1958
- Data as of
- 06/2022
- 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 06/2022, Harvey Mudd College employed 1,129 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 06/2022, Harvey Mudd College generated $135.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $97.8m during the year ending 06/2022. While expenses have increased by 2.4% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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
HARVEY MUDD COLLEGE (THE COLLEGE) IS A PRIVATE, LIBERAL ARTS COLLEGE OF ENGINEERING, SCIENCE, AND MATHEMATICS THAT PROVIDES AN UNDERGRADUATE EDUCATION WITH FULL TIME EQUIVALENT ENROLLMENT OF APPROXIMATELY 900 STUDENTS. THE COLLEGE OFFERS A CHALLENGING AND INVIGORATING ACADEMIC ENVIRONMENT, WHERE UNDERGRADUATES LEARN TO THINK ACROSS DISCIPLINES, PARTICIPATE IN COLLABORATIVE, PROFESSIONAL RESEARCH WITH HIGH-PROFILE SPONSORS, UNDERSTAND THE SOCIAL IMPLICATIONS OF SCIENCE AND LEARN TO COMMUNICATE THEIR IDEAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria M Klawe President | OfficerTrustee | 50 | $691,218 |
Andrew Dorantes - Vp Chief Operating Officer And Treasurer | Officer | 50 | $375,630 |
Hieu Nguyen VP For Advancement | Officer | 50 | $311,246 |
Kaushal Gokli Faculty | 40 | $273,116 | |
Lisa Sullivan - Vp For Academic Affairs & Dean Of Faculty | Officer | 50 | $268,681 |
Joseph Vaughan - Chief Information Officer/vp Of Comput & Info Services | Officer | 50 | $237,854 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dpr Construction Construction | 6/29/22 | $5,972,661 |
Tovey Shultz Construction Inc Construction | 6/29/22 | $4,056,115 |
Sodexo Inc Food Service | 6/29/22 | $971,467 |
Technet Partners Inc Technology Solutions | 6/29/22 | $162,582 |
Moss Adams Llp Audit Services | 6/29/22 | $135,946 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $847,323 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,761,985 |
| Noncash contributions included in lines 1a–1f | $451,013 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,609,308 |
| Total Program Service Revenue | $75,542,579 |
| Investment income | $5,590,415 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,490 |
| Net Rental Income | $57,056 |
| Net Gain/Loss on Asset Sales | $38,599,688 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $135,401,536 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $18,896,406 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,478,523 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,108,331 |
| Compensation of current officers, directors, key employees. | $905,785 |
| Compensation to disqualified persons | $260,797 |
| Other salaries and wages | $31,128,645 |
| Pension plan accruals and contributions | $3,241,580 |
| Other employee benefits | $4,471,806 |
| Payroll taxes | $2,313,472 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $70,256 |
| Fees for services: Accounting | $174,833 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,309,284 |
| Fees for services: Other | $2,640,985 |
| Advertising and promotion | $532,726 |
| Office expenses | $4,903,849 |
| Information technology | $1,248,562 |
| Royalties | $0 |
| Occupancy | $3,218,707 |
| Travel | $717,666 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $338,630 |
| Interest | $1,890,213 |
| Payments to affiliates | $450,839 |
| Depreciation, depletion, and amortization | $5,670,482 |
| Insurance | $457,997 |
| All other expenses | $266,190 |
| Total functional expenses | $97,791,014 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $723,272 |
| Savings and temporary cash investments | $44,257,972 |
| Pledges and grants receivable | $14,336,865 |
| Accounts receivable, net | $976,779 |
| 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 | $231,075 |
| Net Land, buildings, and equipment | $148,903,346 |
| Investments—publicly traded securities | $410,092,837 |
| Investments—other securities | $0 |
| Investments—program-related | $1,290,285 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $620,812,431 |
| Accounts payable and accrued expenses | $8,098,966 |
| Grants payable | $0 |
| Deferred revenue | $672,841 |
| Tax-exempt bond liabilities | $12,648,352 |
| Escrow or custodial account liability | $1,028,634 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $50,649,588 |
| Other liabilities | $5,990,687 |
| Total liabilities | $79,089,068 |
| Net assets without donor restrictions | $189,626,531 |
| Net assets with donor restrictions | $352,096,832 |
| 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 | $620,812,431 |