Civic Intelligence

Pomona College

990 • Fiscal year 2017 • EIN 95-1664112

Jul 01, 2016 to Jun 30, 2017 • Filed on May 12, 2018

550 N College AvenueClaremont, CA 91711-4434

(909) 621-8135

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

17th percentile

0.12x

Higher debt load relative to assets than 17% of similar nonprofits.

2017 filings • 501(c)3 • $1B+ nonprofits • Source year 2017

Liabilities / Revenue

77th percentile

1.27x

Higher debt load relative to revenue than 77% of similar nonprofits.

2017 filings • 501(c)3 • $1B+ nonprofits • Source year 2017

Net Margin

76th percentile

16%

Higher net margin than 76% of similar nonprofits.

2017 filings • 501(c)3 • $1B+ nonprofits • Source year 2017

Top Officer Pay

26th percentile

$955,587

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

2017 filings • 501(c)3 • $1B+ nonprofits • Source year 2017

Asset Growth

51st percentile

8.0%

Faster asset growth than 51% of similar nonprofits.

2017 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2016 to 2017

Revenue Growth

68th percentile

12%

Faster revenue growth than 68% of similar nonprofits.

2017 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2016 to 2017

Assets

Up

$2,923,794,227

Up $216,908,417 (+8.0%) from 2016

Net Assets

Up

$2,587,152,092

Up $211,264,459 (+8.9%) from 2016

Liabilities

Up

$336,642,135

Up $5,643,958 (+1.7%) from 2016

Revenue

Up

$264,255,784

Up $28,248,477 (+12%) from 2016

Expenses

Up

$220,731,536

Up $11,724,945 (+5.6%) from 2016

Net Income

Up

$43,524,248

Up $16,523,532 (+61%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0B$3.0B$2.0B$1.0B$0Assets 2010: $2,105,313,000Liabilities 2010: $319,294,000Net Assets 2010: $1,786,019,0002010Assets 2011: $2,368,878,238Liabilities 2011: $300,854,150Net Assets 2011: $2,068,024,0882011Assets 2012: $2,350,970,300Liabilities 2012: $303,962,297Net Assets 2012: $2,047,008,0032012Assets 2013: $2,509,752,885Liabilities 2013: $308,569,673Net Assets 2013: $2,201,183,2122013Assets 2014: $2,818,129,750Liabilities 2014: $315,272,371Net Assets 2014: $2,502,857,3792014Assets 2015: $2,818,942,000Liabilities 2015: $317,774,802Net Assets 2015: $2,501,167,1982015Assets 2016: $2,706,885,810Liabilities 2016: $330,998,177Net Assets 2016: $2,375,887,6332016Assets 2017: $2,923,794,227Liabilities 2017: $336,642,135Net Assets 2017: $2,587,152,0922017Assets 2018: $3,056,095,414Liabilities 2018: $361,373,645Net Assets 2018: $2,694,721,7692018Assets 2019: $3,145,912,286Liabilities 2019: $373,853,962Net Assets 2019: $2,772,058,3242019Assets 2020: $3,154,346,294Liabilities 2020: $449,528,392Net Assets 2020: $2,704,817,9022020Assets 2021: $3,932,260,494Liabilities 2021: $422,156,494Net Assets 2021: $3,510,104,0002021Assets 2022: $3,643,695,009Liabilities 2022: $412,708,332Net Assets 2022: $3,230,986,6772022Assets 2023: $3,668,675,252Liabilities 2023: $408,404,631Net Assets 2023: $3,260,270,6212023Assets 2024: $3,917,637,466Liabilities 2024: $424,563,962Net Assets 2024: $3,493,073,5042024

Highlighted filing

2017

Assets$2,923,794,227
Liabilities$336,642,135
Net Assets$2,587,152,092

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600M$400M$200M$0-$200MExpenses 2010: $148,961,0002010Expenses 2011: $159,308,0862011Expenses 2012: $167,807,5602012Expenses 2013: $178,439,6922013Revenue 2014: $275,511,109Expenses 2014: $189,484,889Net Income 2014: $86,026,2202014Revenue 2015: $281,036,898Expenses 2015: $198,339,717Net Income 2015: $82,697,1812015Revenue 2016: $236,007,307Expenses 2016: $209,006,591Net Income 2016: $27,000,7162016Revenue 2017: $264,255,784Expenses 2017: $220,731,536Net Income 2017: $43,524,2482017Revenue 2018: $239,935,789Expenses 2018: $234,136,281Net Income 2018: $5,799,5082018Revenue 2019: $223,167,314Expenses 2019: $236,392,755Net Income 2019: -$13,225,4412019Revenue 2020: $268,454,382Expenses 2020: $245,984,591Net Income 2020: $22,469,7912020Revenue 2021: $235,119,844Expenses 2021: $213,027,492Net Income 2021: $22,092,3522021Revenue 2022: $498,817,030Expenses 2022: $256,227,769Net Income 2022: $242,589,2612022Revenue 2023: $243,684,660Expenses 2023: $292,117,990Net Income 2023: -$48,433,3302023Revenue 2024: $329,449,183Expenses 2024: $303,814,330Net Income 2024: $25,634,8532024

Highlighted filing

2017

Revenue$264,255,784
Expenses$220,731,536
Net Income$43,524,248
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 12, 2018
Return Version
2016v3.1
Gross Receipts
$882,419,830
Mission and Program Overview

Mission

Throughout its history, pomona college has educated men and women of exceptional promise. We gather students, regardless of financial circumstances, into a small residential community (continued schedule o)

Pomona college is an independent, coeduc- ational liberal arts institution dedicated to the pursuit of knowledge and understanding through the study of the sciences & the humanities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$1,845,004,685$2,000,535,077▲ $155,530,392
Land, Buildings, and Equipment, Net$393,347,595$406,155,523▲ $12,807,928
Investments in Publicly Traded Securities$335,928,426$373,714,688▲ $37,786,262
Savings and Temporary Cash Investments$50,070,658$60,354,164▲ $10,283,506
Investments Program Related$40,714,416$41,414,952▲ $700,536
Pledges and Grants Receivable$29,309,556$31,637,280▲ $2,327,724
Accounts Receivable$4,839,769$3,912,953▼ $926,816
Prepaid Expenses and Deferred Charges$2,931,633$2,479,456▼ $452,177
Receivables From Officers Etc$1,771,888$1,715,304▼ $56,584
Inventories for Sale or Use$82,221$157,178▲ $74,957
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$2,706,885,810$2,923,794,227▲ $216,908,417
Other Assets Total$2,884,963$1,717,652▼ $1,167,311
Liabilities
Tax Exempt Bond Liabilities$206,133,942$203,309,302▼ $2,824,640
Other Liabilities$105,417,041$111,704,130▲ $6,287,089
Accounts Payable and Accrued Expenses$17,494,708$19,096,472▲ $1,601,764
Deferred Revenue$1,952,486$2,532,231▲ $579,745
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$330,998,177$336,642,135▲ $5,643,958
Net Assets / Fund Balance
Unrestricted Net Assets$1,152,433,460$1,234,077,094▲ $81,643,634
Temporarily Rstr Net Assets$841,629,383$949,534,102▲ $107,904,719
Permanently Rstr Net Assets$381,824,790$403,540,896▲ $21,716,106
Total Net Assets Fund Balance$2,375,887,633$2,587,152,092▲ $211,264,459
Total Liabilities and Net Assets / Fund Balance$2,706,885,810$2,923,794,227▲ $216,908,417

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$373,145,373$171,720,569$544,865,942
Other Land Buildings$17,044,955$4,550,473$21,595,428
Equipment$7,364,144$9,618,004$16,982,148
Land$8,601,051-$8,601,051
Other Securities$14,124,344--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$1,984,930,636$14,166,379▲ $260,729,229$47,192,095$2,165,209,130
2015$2,098,703,679$30,394,700▼ $61,712,701$39,127,776$1,984,930,636
2014$2,101,460,736$5,616,516▲ $72,807,561$39,359,128$2,098,703,679
2013$1,823,441,482$17,608,574▲ $332,505,986$33,293,045$2,101,460,736
2012$1,679,640,364$5,995,664▲ $206,443,561$33,123,286$1,823,441,482
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David W OxtobyPresident (thru 06/30/17)FT$802,902$152,685$955,587
Pamela BesnardVP of AdvancementFT$268,298$109,266$377,564
Karen SissonVP TreasurerFT$283,377$70,446$353,823
Gary SmithProfessorFT$256,157$50,872$307,029
Christopher AllenVP Dean of AdmissionsFT$213,945$78,601$292,546
Miriam FeldblumVP Dean of StudentsFT$223,322$62,648$285,970
Gary KatesProfessorFT$195,257$54,066$284,823
Eleanor BrownProfessorFT$191,429$33,003$266,432
William MorseVP of Planning OfficeFT$221,243$35,167$256,410
Robert RobinsonAsst VP of FacilitiesFT$199,345$44,127$243,472
Mary Lou WoodsAsst VP/assoc TreasFT$197,001$85,696$240,697
Ken PfluegerCIO Executive DirectorFT$208,482$29,498$237,980
Kim BruceProfessorFT$197,692$33,358$231,050
Marylou FerryVP of CommunicationsFT$189,500$58,794$230,794
David WallaceManaging Director InvestmentsFT$145,589$39,565$178,536
Teresa ShawSECRETARY TO BOARD; PRES ASSTFT$141,500$33,614$175,114
Audrey Bilger as of 7116VP Dean of CollegeFT$125,101$37,620$162,721
Dana WoodAsst TreasurerFT$123,268$43,444$155,330
Janis MoormannAsst TreasurerFT$125,396$22,436$147,832
Margaret AdornoRegistrar (thru 12/31/16)FT$109,522$17,389$126,911
Elsa AlbanRegistrar (as of 01/01/17)FT$89,369$15,835$105,204
Stephanie NavarroAsst SecretaryFT$64,553$25,553$90,106
Damaris HankinsAsst SecretaryFT$55,668$23,277$78,945
Elizabeth CervantesAsst Secretary(as of 01/01/17)FT$48,341$5,979$54,320

Board Members and Trustees

NameTitle
Samuel GlickTrustee/board Chair
Stewart R SmithTrustee/chair Emeritus
Alison Rempel BrownTrustee/board Vice Chair
Bryan WhiteTrustee/board Vice Chair
Craig WrenchTrustee/board Vice Chair
Eileen Wilson-oyelaranTrustee/board Vice Chair
Joel a FeuerTrustee/board Vice Chair
Margaret LodiseTrustee/board Vice Chair
Mark H FukunagaTrustee/board Vice Chair
R Carlton SeaverTrustee/board Vice Chair
Stephen B LoebTrustee/board Vice Chair
Allyson Aranoff HarrisTrustee
Bernard ChanTrustee
Christina WireTrustee
Christopher P DialynasTrustee
D Scott OlivetTrustee
Francine ScintoTrustee
Janet Inskeep BentonTrustee
Jason RosenthalTrustee
Jean KaplanTrustee
Jennifer DoudnaTrustee
Libby G MacpheeTrustee
Louise Henry BrysonTrustee
M Lynn YonekuraTrustee
Mark B WylandTrustee
Matthew J EstesTrustee
Michael S SegalTrustee
Nathaniel Kirtman IiiTrustee
Peter G SasakiTrustee
Reza ZafariTrustee
Scott GreenTrustee
Wendall Jackson Jack LongTrustee
William G KellerTrustee
Jefferey T ParksTrustee (as of 07/01/16)
Kiki Ramos GindlerTrustee (as of 07/01/16)
Osman KibarTrustee (as of 07/01/16)
Xiaoyo MaTrustee/young Alumni

Highest Paid Contractors

ContractorServicesLocationCompensation
Cambridge Associates LLCInvestment FirmPO BOX 83232, Chicago, IL 60691$1,743,172
Curiale Hirschfeld Kraemer LLPAttorney505 MONTGOMERY ST THIRTEENTH FL, San Francisco, CA 94111$929,636
Tortoise Capital Advisors LLCInvestment Firm11550 ASH ST STE 300, Leawood, KS 66211$595,638
Kay F CollinsDesign Firm4631 LADERA LANE, Riverside, CA 92501$532,975
Loeb Loeb LLPAttorney10100 SANTA MONICA BLVD STE 2200, Los Angeles, CA 90067$414,419
Revenue and Support

Revenue Composition

Contributions and Grants
$36,588,413
Program Service Revenue
$107,892,690
Investment Income
$117,664,444
Other Revenue
$2,110,237
All Other Contributions
$34,989,135
Change in Net Assets
$43,524,248

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded98$3,207,956Avg Mkt Dontn Date
Real Estate Other1$235,804Appraisal
Total Noncash Contributions99$3,443,760-

Audited Revenue Reconciliation

Revenue per Audited Statements
$212,073,058
Revenue Not Reported on Financial Statements
$52,182,726
Revenue Not Reported on Form 990
$168,273,192
Other Revenue Adjustments
$46,506,931
Total Revenue per Audited Statements
$380,346,250
Total Revenue per Form 990
$264,255,784
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$90,335,443
Salaries, Compensation, and Employee Benefits$88,384,019
Grants and Similar Amounts Paid$42,012,074
Total Fundraising Expense$10,050,959
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$59,630,663$636,450$4,129,114$64,396,227
Grants to Domestic Individuals$39,022,167--$39,022,167
Depreciation Depletion$17,145,333$65,210$65,651$17,276,194
Fees for Services Other$15,411,963$444,670$708,471$16,565,104
Office Expenses$9,839,804$422,785$860,171$11,122,760
Occupancy$8,926,763$87,890$283,695$9,298,348
Other Employee Benefits$7,848,850$52,136$906,765$8,807,751
Interest$8,797,723--$8,797,723
Pension Plan Contributions$5,313,326$-10,593$426,466$5,729,199
Fees for Service Investment Mgmnt Fees-$5,061,599-$5,061,599
Payroll Taxes$4,602,321$69,964$65,409$4,737,694
Current Officers, Directors, Trustees, and Key Employees$1,525,881$1,511,596$1,611,157$4,648,634
Travel$2,756,681$115,472$338,783$3,210,936
Foreign Grants$2,989,907--$2,989,907
Information Technology$1,970,450$38,308$224,435$2,233,193
All Other Expenses$1,586,171$59,756$189,580$1,835,507
Fees for Services Legal$1,563,349$160,530$103,148$1,827,027
Insurance$458,882$17,902$18,023$494,807
Fees for Services Accounting-$455,227-$455,227
Other Expenses$386,092$6,465,766-$386,092
Conferences and Meetings$303,234$8,338$41,504$353,076
Advertising$301,104$1,264$14,073$316,441
Comp Disqual Persons--$64,514$64,514
Total Functional Expenses$195,016,307$15,664,270$10,050,959$220,731,536

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$220,731,536
Total Expenses per Audited Statements$169,081,791
Expenses per Audited Statements$168,548,810
Expenses Not Reported on Financial Statements$52,182,726
Other Expense Adjustments$46,506,931
Expenses Not Reported on Form 990$532,981
International Activity

International Summary

Spending
$8,931,151

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (Including Iceland and Greenland)Program ServicesStudy Abroad Dir Exp--$3,721,670
Europe (Including Iceland and Greenland)GrantmakingFinancial Aid--$1,069,778
East Asia and the PacificProgram ServicesStudy Abroad Dir Exp--$582,711
East Asia and the PacificGrantmakingFinancial Aid--$555,904
Sub-Saharan AfricaGrantmakingFinancial Aid--$450,979
South AmericaProgram ServicesStudy Abroad Dir Exp--$434,190
South AsiaGrantmakingFinancial Aid--$343,146
South AmericaGrantmakingFinancial Aid--$303,282
Europe (Including Iceland and Greenland)Program ServicesStudy Abroad Other Exp--$277,636
Sub-Saharan AfricaProgram ServicesStudy Abroad Dir Exp--$228,986
East Asia and the PacificProgram ServicesStudy Abroad Other Exp--$228,739
Central America and the CaribbeanProgram ServicesStudy Abroad Dir Exp--$167,745
Central America and the CaribbeanGrantmakingFinancial Aid--$134,830
Middle East and North AfricaProgram ServicesStudy Abroad Dir Exp--$121,068
South AsiaProgram ServicesStudy Abroad Dir Exp--$111,198
Russia and the Newly Independent StatesGrantmakingFinancial Aid--$102,467
Middle East and North AfricaGrantmakingFinancial Aid--$29,521
Sub-Saharan AfricaProgram ServicesStudy Abroad Other Exp--$19,422
South AmericaProgram ServicesStudy Abroad Other Exp--$18,416
Russia and the Newly Independent StatesProgram ServicesStudy Abroad Other Exp--$13,858
Central America and the CaribbeanProgram ServicesStudy Abroad Other Exp--$9,675
Middle East and North AfricaProgram ServicesStudy Abroad Other Exp--$3,950
South AsiaProgram ServicesStudy Abroad Other Exp--$1,980
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Claire OxtobyWife of PresidentSalary and BenefitsNo$64,514

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$1,771,888$1,715,304▼ $56,584
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Life Income Annuities Payable$92,244,702
Funds Held in Trust for Others$13,743,906
GOV'T STUDENT LOAN ADVANCES$2,379,128
Capital Lease Obligation$1,676,872
Asset Retirement Liability$1,659,522

Bond Issues

BondIssuerIssuedIssue PricePurpose
CCalifornia Educational Facilities Authority2009-04-20$62,290,000Educ fac & partial refunding
BCalifornia Educational Facilities Authority2008-06-26$59,475,000Educ fac & costs of iss. Of bond
ACalifornia Educational Facilities Authority2005-02-04$41,879,739Campus fac, iss. Cost & refunding
ACalifornia Municipal Finance Authority2014-06-26$24,937,500NEW CONSTRUCTION
DCalifornia Educational Facilities Authority2011-07-12$7,914,174Refunding of remaining 2001 bonds

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
C$67,960,259$67,072,182$0$888,077
B$64,248,356$0$0$739,587
A$42,565,205$16,203,585$0$576,345
A$24,937,500$0$0$0
D$8,034,728$7,876,445$5,975,000$158,283

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
Yes
Gross proceeds invested in GIC
Yes
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Pomona College
EIN
95-1664112
In Care Of
% MARY LOU WOODS
Phone
9096218135
Address
550 N COLLEGE AVENUE, CLAREMONT, CA 91711-4434

Signing Officer

Name
Mary Lou Woods
Title
Asst VP/assoc Treas
Phone
9096218135
Signed
2018-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Oxtoby
Formed
1887
Legal Domicile
CA
Voting Board Members
38
Independent Board Members
37
Employees
2,833
Volunteers
910

Preparer

Firm
Kpmg Llp
Address
550 S Hope St Suite 1500, Los Angeles, CA 90071
Preparer
Carey McKee
Phone
2139724000
Supplemental Narrative

Additional Explanations

Description of Organization Mission

FORM 990, PART III, LINE 1, CONTINUED THAT IS STRONGLY ROOTED IN SOUTHERN CALIFORNIA YET GLOBAL IN ITS ORIENTATION. THROUGH CLOSE TIES AMONG A DIVERSE GROUP OF FACULTY, STAFF AND CLASSMATES, POMONA STUDENTS ARE INSPIRED TO ENGAGE IN THE PROBING INQUIRY AND CREATIVE LEARNING THAT ENABLE THEM TO IDENTIFY AND ADDRESS THEIR INTELLECTUAL PASSIONS. THIS EXPERIENCE WILL CONTINUE TO GUIDE THEIR CONTRIBUTIONS AS THE NEXT GENERATION OF LEADERS, SCHOLARS, ARTISTS AND CITIZENS TO FULFILL THE VISION OF ITS FOUNDERS: TO BEAR THEIR ADDED RICHES IN TRUST FOR ALL. PROGRAM SERVICE Form 990 Part III Line 4a, CONTINUED POMONA GRADUATES NOT ONLY RECEIVE EXCELLENT LIFELONG PREPARATION FOR A WIDE RANGE OF CAREERS, BUT ALSO ARE ENCOURAGED TO DEVELOP THE RATIONAL DISCRIMINATION, AESTHETIC APPRECIATION, COMPASSION, AND UNDERSTANDING THAT ONLY KNOWLEDGE CAN FOSTER. POMONA IS CURRENTLY TIED FOR THE NO. 2 PRODUCER OF FULBRIGHT STUDENTS AMONG BACHELOR'S INSTITUTIONS AS REPORTED BY THE CHRONICLE OF HIGHER EDUCATION IN FEBRUARY 2017. 15 POMONA STUDENTS RECEIVED FULBRIGHTS DURING THE 2016-2017 ACADEMIC YEAR. POMONA OFFERS 47 MAJORS IN THE NATURAL SCIENCES, HUMANITIES, SOCIAL SCIENCES FINE ARTS, AND INTERDISCIPLINARY FIELDS. ALSO COMMON ARE DOUBLE MAJORS AND INDIVIDUAL SPECIAL MAJORS, CRAFTED BY THE STUDENT WITH GUIDANCE FROM FACULTY. FIRST-YEAR STUDENTS DELVE INTO A CRITICAL INQUIRY SEMINAR TO DEVELOP SKILLS IN CRITICAL THINKING, ANALYSIS AND WRITING. POMONA'S SUMMER UNDERGRADUATE RESEARCH PROGRAM ENABLES STUDENTS TO CONDUCT EXTENDED, FOCUSED RESEARCH IN CLOSE COOPERATION WITH A POMONA FACULTY MEMBER, WITH PROJECTS TAKING PLACE BOTH ON CAMPUS AND IN THE FIELD. THE COLLEGE OFFERS APPROXIMATELY 600 CLASSES EACH YEAR, AND STUDENTS ALSO HAVE ACCESS TO THE MORE THAN 2,200 CLASSES AT THE CLAREMONT COLLEGES. FORM 990, PART III, LINE 4B, CONTINUED POMONA PROVIDES SELF-OPERATED DINING AND CATERING SERVICES AT THREE DINING HALLS. POMONA'S GOAL IS TO SERVE FOOD THAT IS HEALTHY, FRESH AND DELICIOUS AND THAT IS PRODUCED IN A JUST AND SUSTAINABLE MANNER. THE INSTRUCTIONAL AND EXTRA-CURRICULAR PROGRAMS ARE FURTHER SUPPORTED BY BRIDGES AUDITORIUM, A PERFORMING ARTS CENTER THAT SEATS 2,500, AND SEAVER THEATRE, A COMPREHENSIVE THEATRE COMPLEX FEATURING A 350-SEAT AUDITORIUM AND 100-SEAT EXPERIMENTAL THEATRE SPACE. ATHLETIC FACILITIES INCLUDE THE LILLIORE GREEN RAINS CENTER FOR SPORT AND RECREATION, THE HALDEMAN AQUATICS CENTER, AND FIELDS FOR SOFTBALL, BASEBALL, TRACK, SOCCER, FOOTBALL AND MORE. POMONA COLLEGE HAS MADE SIGNIFICANT INVESTMENTS TO MAKE THE CAMPUS MORE SUSTAINABLE, INCLUDING BUILDING THE FIRST LEED-PLATINUM LARGE-SCALE RESIDENCE HALLS IN THE WEST, TO INSTALLING SOLAR ENERGY AND REMOVING IMPERMEABLE SURFACES AND REPLACING THEM WITH DROUGHT RESISTANT LANDSCAPING AND PERMEABLE GROUND COVER. THE COLLEGE HAS PLEDGED TO BE CARBON-NEUTRAL BY 2030 AS PART OF THE AMERICAN COLLEGES AND UNIVERSITIES PRESIDENTS' CLIMATE COMMITMENT (ACUPCC). FORM 990, PART III, LINE 4C, CONTINUED THE COLLEGE ALSO ASSISTS STUDENTS WITH ORIENTATION, REGISTRATION AND ACADEMIC COUNSELING. FROM THEIR FIRST YEAR AT POMONA, STUDENTS CAN TURN TO THE CAREER DEVELOPMENT OFFICE, WHICH PROVIDES HELP WITH EVERYTHING FROM RESUME WRITING TO MOCK INTERVIEWS. STUDENTS ALSO CAN APPLY FOR THE CDO'S PROGRAM OF SUMMER INTERNSHIPS IN THE U.S. AND ABROAD. THE CLAREMONT COLLEGES' STUDENT HEALTH SERVICE STRESSES PREVENTATIVE MEDICINE AND HEALTH AWARENESS, WHILE MONSOUR COUNSELING AND PSYCHOLOGICAL SERVICES HELP STUDENTS WITH PERSONAL AND EMOTIONAL PROBLEMS. THE INTERFAITH OFFICE OF THE CHAPLAINS DIRECTS THE PROGRAMS OF THE CLAREMONT COLLEGES' MCALISTER CENTER FOR RELIGIOUS ACTIVITIES, ASSISTING STUDENTS IN MAKING CONTACT WITH MEMBERS OF THEIR COMMUNITY OF BELIEF. WORKING CLOSELY WITH STUDENTS, FACULTY AND STAFF, THE DIVISION OF STUDENT AFFAIRS AIMS TO PROVIDE SERVICES, ACTIVITIES, AND RESOURCES THAT SUPPORT THE COLLEGE'S EDUCATIONAL ENTERPRISE AND ENABLE EACH STUDENT TO LEARN, GROW, AND DEVELOP WHILE HERE AT POMONA.

Review of Form 990

Form 990, part vi, section b, line 11 the informational return is prepared by an outside accounting firm and is initially reviewed by the asst vice president/assoc treasurer. After preliminary review by the asst vice president/assoc treasurer, the return is reviewed at the audit committee meeting. The return is then provided to the full board for review prior to electronic filing.

Conflict of Interest

Form 990, part vi, section b, line 12c the board of trustees ("the board") of pomona college has incorporated its code of conduct and conflict of interest policies into its bylaws. The audit committee ("the committee") of the board monitors enforcement of and compliance with the code and the policies, and reports the results thereof to the board. The committee monitors compliance by means of an annual code of conduct questionnaire. In may, the college distributes the questionnaire to all trustees, officers, faculty program coordinators and department chairs and staff at the director level and above. The president's office collects the completed questionnaires and compiles the results, including identifying negative responses and accompanying explanations. In october, an executive summary of the results are provided to the committee, and the committee reports those results to the board. However, throughout the annual questionnaire distribution, collection and compilation process, any urgent and heretofore unknown matters identified by questionnaire respondents are escalated immediately to the appropriate members of the board and management.

Process of Determining Compensation

FORM 990, PART VI, SECTION B, LINE 15A and 15B THE COLLEGE HAS IMPLEMENTED PROCEDURES TO FAIRLY COMPENSATE EMPLOYEES OF THE COLLEGE AND PROVIDE AN APPROPRIATE PROCESS FOR SETTING AND APPROVING REASONABLE LEVELS OF COMPENSATION FOR INDIVIDUALS WHO ARE IN A POSITION TO EXERCISE SUBSTANTIAL INFLUENCE OVER THE AFFAIRS OF THE COLLEGE, SUCH AS THE PRESIDENT, VP CHIEF INFORMATION OFFICER, TREASURER, DEAN OF FACULTY, DEAN OF STUDENTS, VP DEAN OF ADMISSIONS, VP ADVANCEMENT, ASSISTANT VP FACILITES/CAMPUS SERVICES, ASSISTANT VP/ASSOC TREASURER AND PROFESSORS CONSIDERED AS KEY EMPLOYEES. THESE PROCEDURES PROVIDE FOR REVIEW AND APPROVAL BY THE EXECUTIVE COMMITTEE CONSISTING OF INDEPENDENT TRUSTEES, USE OF COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. THE EXECUTIVE COMMITTEE OF THE BOARD, ACTING AS THE COMPENSATION COMMITTEE, UTILIZES BENCHMARK SALARY DATA FROM COMPARABLE HIGHER EDUCATION INSTITUTION GROUPS FOR EXECUTIVE MANAGEMENT POSITIONS. THE INITIAL PROCESS IN DETERMINING COMPENSATION LEVELS CONSISTS OF GATHERING COMPENSATION DATA OF PEER GROUP INSTITUTIONS, WHICH IS AVAILABLE FROM SUBSCRIBED SURVEY DATA SOURCES. THE SALARY MEDIANS OF THE COMPARABLE EDUCATION INSTITUTION GROUPS WILL INFORM THE COMMITTEE AND BE USED AS GUIDES. THE COMMITTEE WILL ALSO REVIEW SALARY IN RELATION TO LOCAL AND NATIONAL INFLATION MEASURES, INDIVIDUAL PERFORMANCE, AS EVIDENCED BY THE ANNUAL WRITTEN PERFORMANCE EVALUATIONS, AND THE INDIVIDUAL'S LENGTH OF SERVICE IN THE POSITION. SALARY INCREASE RECOMMENDATIONS ARE APPROVED BY THIS COMMITTEE DURING THE MAY BOARD OF TRUSTEES REGULAR MEETING. THE MINUTES INCLUDE THE TERMS OF THE TRANSACTIONS AND THE DATE APPROVED, THE MEMBERS OF THE COMMITTEE PRESENT FOR THE DELIBERATIONS AND WHO VOTED, AND THE DESCRIPTION OF THE COMPARABILITY DATA OBTAINED AND HOW IT WAS OBTAINED. THIS PROCESS WAS LAST UNDERTAKEN AND COMPLETED FOR ALL EXECUTIVE POSITIONS IN MAY 2017.

Disclosure of Documents

Form 990, part vi, section c, line 19 the policy of pomona college is to make its governing documents, including the articles of incorporation and bylaws, and financial statements available to the public when requested.

Other Changes in Net Assets

FORM 990, PART XI, LINE 9 Changes in actuarially determined gift liabilities $ 9,492,928

Financial Statement Notes

Maintaining Collections of Art, Historical Treasures, or

Other similar assets held for public exhibition, education or research form 990, schedule d, part iii, line 1a the college follows a policy not to record or capitalize its art collections. The college's art collections consist of objects of historical and aesthetic significance held for public exhibition and educational purposes. All works in the collection are catalogued, preserved, cared for and monitored according to professional museum standards, and are subject to a policy that requires proceeds from de-accession to be used exclusively for acquisition.

DESCRIPTION OF ORGANIZATION'S COLLECTIONS

Form 990, schedule d, part iii, line 4 the fine art collections of pomona college are housed in the pomona college museum of art at the montgomery art center, which was inaugurated in 1958 and named after the late gladys k. Montgomery, pomona trustee and los angeles civic leader. Among important holdings are the kress collection of 15th- and 16th- century italian panel paintings; over 5,000 examples of pre-columbian to 20th-century american indian art and artifacts, including basketry, ceramics, and beadwork; and a large collection of american and european prints, drawings, and photographs. In addition to serving as the basis for exhibitions, the collections, which are always available for individual study and research, are frequently used for classes. The pomona college museum of art also is the site of an active program of temporary exhibitions throughout the academic year. These include regular faculty and student shows, as well as historical and contemporary exhibitions designed to complement the colleges curricula and to expose students to as wide a variety of works of art as possible. All exhibitions open with public receptions and include lectures and related programs for the college community.

Intended Use of Endowment Funds

Form 990, schedule d, part v, line 4 the colleges endowment consists of approximately 1,800 individual funds established for a variety of purposes including both donor-restricted endowment funds designated by the board of trustees to function as endowments. The college has a policy of appropriating for distribution each year 4.5% to 5.5% of its endowment funds' average fair value over the prior 12 quarters through the june 30th of the preceding fiscal year in which the distribution is planned. These funds are used to further the educational mission of the college.

Revenue on Books Not on Return

FORM 990, SCHEDULE D, PART XI, LINE 2D Changes in actuarially determined gift liabilities $9,492,928 Rental Expenses Reported Net on Form 990 $532,981 PRIOR PERIOD ADJUSTMENT $(458,378) --------------- Total: $9,567,531

Revenue on Return Not on Books

FORM 990, SCHEDULE D, PART XI, LINE 4B Financial Aid Reported Gross of Tuition on Form 990 $42,012,074 Charitable Gift Annuity Payments Reclasses as Expense $4,494,857 --------------- Total: $46,506,931

Expense on Return Not on Books

FORM 990, SCHEDULE D, PART XII, LINE 2D Rental Expenses Reported Net on Form 990 $532,981

Expense on Books Not on Return

FORM 990, SCHEDULE D, PART XII, LINE 4B Financial Aid Reported Gross of Tuition on Form 990 $42,012,074 Charitable Gift Annuity Payments Reclassed as Expense $4,494,857 ---------------- Total: $46,506,931

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3,918$425$3,493$329$304$25.6
2023Detailed filing. Detailed filing data is available for this year.$3,669$408$3,260$244$292$48.4
2022Detailed filing. Detailed filing data is available for this year.$3,644$413$3,231$499$256$243
2021Detailed filing. Detailed filing data is available for this year.$3,932$422$3,510$235$213$22.1
2020Detailed filing. Detailed filing data is available for this year.$3,154$450$2,705$268$246$22.5
2019Detailed filing. Detailed filing data is available for this year.$3,146$374$2,772$223$236$13.2
2018Detailed filing. Detailed filing data is available for this year.$3,056$361$2,695$240$234$5.80
2017Detailed filing. Detailed filing data is available for this year.$2,924$337$2,587$264$221$43.5
2016Detailed filing. Detailed filing data is available for this year.$2,707$331$2,376$236$209$27.0
2015Detailed filing. Detailed filing data is available for this year.$2,819$318$2,501$281$198$82.7
2014Detailed filing. Detailed filing data is available for this year.$2,818$315$2,503$276$189$86.0
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2,510$309$2,201$178
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2,351$304$2,047$168
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2,369$301$2,068$159
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2,105$319$1,786$149
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • $1B+ nonprofits