The Claremont Colleges Inc

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.

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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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Moss Adams Llp
Accounting/tax
$1,276,584
Deloitte Consulting Llp
Consulting Services
$3,620,929
Greines Martin Stein & Richland Llp
Legal Counsel
$555,421
Workday
Software Consulting
$1,031,531
Kronos Incorporated
Consulting Services
$516,557
View All Vendors

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

Grants Recieved

Over the last fiscal year, we have identified 1 grants that The Claremont Colleges Inc has recieved totaling $2,500.

Awarding OrganizationAmount
Greenbridge Family Foundation

San Francisco, CA

PURPOSE: TO SUPPORT EDUCATION SERVICES

$2,500
View Grant Recipient Profile

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

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