Pitzer College
- Assets
- $349.2m
- Revenue
- $62.3m
- Investments
- $57.9m
- Employees
- 804
- Location
- Claremont, CA
- Founding
- 10/1964
- Data as of
- 06/2021
- EIN
- 95-2261113
Organization Overview
Pitzer College is located in Claremont, CA. The organization was established in 1964. 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, Pitzer College employed 804 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pitzer 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, Pitzer College generated $62.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $59.9m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 6 years. 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
PITZER COLLEGE IS AN EDUCATIONAL INSTITUTION FOCUSING ON UNDERGRADUATE EDUCATION.
Describe the Organization's Program Activity:
PITZER COLLEGE IS AN EDUCATIONAL INSTITUTION FOCUSING ON UNDERGRADUATE EDUCATION. THE UNDERGRADUATE FULL TIME EQUIVALENT ENROLLMENT FOR THE YEAR WAS 849 STUDENTS. PITZER COLLEGE PRODUCES ENGAGED SOCIALLY RESPONSIBLE CITIZENS OF THE WORLD THROUGH AN ACADEMICALLY RIGOROUS, INTERDISCIPLINARY LIBERAL ARTS EDUCATION, EMPHASIZING SOCIAL JUSTICE, INTERCULTURAL UNDERSTANDING AND ENVIRONMENTAL SENSITIVITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melvin L Oliver President | OfficerTrustee | 40 | $501,427 |
Laura Troendle Coo, VP And Treasurer | Officer | 40 | $273,016 |
Alan Omoto - Vp Of Academic Affairs/ Dean Of Faculty | Officer | 40 | $256,590 |
Neil Macready - Vp For College Advancement (thru 01/21) | Officer | 40 | $249,027 |
Maria Soldatenko Professor/faculty | 40 | $246,937 | |
Mike Segawa VP For Student Affairs | Officer | 40 | $245,156 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bon Appetit Food Service | 6/29/21 | $1,316,780 |
Hamilton Healthcare Constuction Construction | 6/29/21 | $510,924 |
Aaron Gorton Air Conditioning Service | 6/29/21 | $126,679 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $173,351 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,970,733 |
| Noncash contributions included in lines 1a–1f | $384,435 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,144,084 |
| Total Program Service Revenue | $49,617,192 |
| Investment income | $2,053,938 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,143 |
| Net Gain/Loss on Asset Sales | $6,251,647 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $35,334 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $62,327,201 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $13,061,458 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,303,072 |
| Compensation of current officers, directors, key employees. | $998,723 |
| Compensation to disqualified persons | $90,199 |
| Other salaries and wages | $17,160,414 |
| Pension plan accruals and contributions | $1,575,587 |
| Other employee benefits | $3,176,357 |
| Payroll taxes | $1,651,149 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $75,405 |
| Fees for services: Accounting | $144,835 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $206,588 |
| Fees for services: Other | $1,419,079 |
| Advertising and promotion | $226,145 |
| Office expenses | $729,410 |
| Information technology | $1,206,084 |
| Royalties | $0 |
| Occupancy | $1,160,365 |
| Travel | $33,561 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $52,678 |
| Interest | $2,295,502 |
| Payments to affiliates | $145,008 |
| Depreciation, depletion, and amortization | $4,277,756 |
| Insurance | $413,784 |
| All other expenses | $462,940 |
| Total functional expenses | $59,938,668 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,741,506 |
| Savings and temporary cash investments | $50,642,820 |
| Pledges and grants receivable | $3,780,465 |
| Accounts receivable, net | $3,605,334 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $82,672 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $499,777 |
| Net Land, buildings, and equipment | $96,448,376 |
| Investments—publicly traded securities | $130,490,480 |
| Investments—other securities | $57,870,291 |
| Investments—program-related | $1,357,499 |
| Intangible assets | $0 |
| Other assets | $2,639,702 |
| Total assets | $349,158,922 |
| Accounts payable and accrued expenses | $5,570,735 |
| Grants payable | $0 |
| Deferred revenue | $1,399,359 |
| Tax-exempt bond liabilities | $84,435,401 |
| 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 | $150,763 |
| Other liabilities | $8,515,976 |
| Total liabilities | $100,072,234 |
| Net assets without donor restrictions | $162,449,600 |
| Net assets with donor restrictions | $86,637,088 |
| 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 | $349,158,922 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Pitzer College has recieved totaling $23,334.
| Awarding Organization | Amount |
|---|---|
Eugene And Marilyn Stein Family Foundation La Canada, CA PURPOSE: ANNUAL FUND | $15,000 |
Annexstad Family Foundation Mound, MN PURPOSE: SCHOLARSHIP | $8,334 |
Endowment Analysis
| Beg. Balance | $144,435,157 |
| Earnings | $40,237,958 |
| Admin Expense | $95,099 |
| Net Contributions | $609,283 |
| Other Expense | $4,881,347 |
| Grants | $914,777 |
| Ending Balance | $179,391,175 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Harvey Mudd College Claremont, CA | $659,151,438 | $77,731,780 |
The Masters University And Seminary Santa Clarita, CA | $147,412,644 | $80,766,902 |
William Jessup University Rocklin, CA | $119,510,265 | $60,123,299 |
Pitzer College Claremont, CA | $349,158,922 | $62,327,201 |
Pacific Union College Angwin, CA | $98,736,096 | $48,958,321 |
Menlo College Atherton, CA | $48,235,643 | $52,004,358 |
Corban University Salem, OR | $26,227,993 | $40,955,830 |