Civic Intelligence

Pomona College

990 • Fiscal year 2019 • EIN 95-1664112

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 14, 2020

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

19th percentile

0.12x

Higher debt load relative to assets than 19% of similar nonprofits.

2019 filings • 501(c)3 • $1B+ nonprofits • Source year 2019

Liabilities / Revenue

82nd percentile

1.68x

Higher debt load relative to revenue than 82% of similar nonprofits.

2019 filings • 501(c)3 • $1B+ nonprofits • Source year 2019

Net Margin

9th percentile

-5.9%

Higher net margin than 9% of similar nonprofits.

2019 filings • 501(c)3 • $1B+ nonprofits • Source year 2019

Top Officer Pay

18th percentile

$774,119

Higher top officer pay than 18% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2019 filings • 501(c)3 • $1B+ nonprofits • Source year 2019

Asset Growth

31st percentile

2.9%

Faster asset growth than 31% of similar nonprofits.

2019 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2018 to 2019

Revenue Growth

15th percentile

-7.0%

Faster revenue growth than 15% of similar nonprofits.

2019 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2018 to 2019

Assets

Up

$3,145,912,286

Up $89,816,872 (+2.9%) from 2018

Net Assets

Up

$2,772,058,324

Up $77,336,555 (+2.9%) from 2018

Liabilities

Up

$373,853,962

Up $12,480,317 (+3.5%) from 2018

Revenue

Down

$223,167,314

Down $16,768,475 (-7.0%) from 2018

Expenses

Up

$236,392,755

Up $2,256,474 (+1.0%) from 2018

Net Income

Down

-$13,225,441

Down $19,024,949 (-328%) from 2018

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

2019

Assets$3,145,912,286
Liabilities$373,853,962
Net Assets$2,772,058,324

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

2019

Revenue$223,167,314
Expenses$236,392,755
Net Income-$13,225,441
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 14, 2020
Return Version
2018v3.3
Gross Receipts
$814,651,158
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$2,207,159,325$2,316,229,293▲ $109,069,968
Land, Buildings, and Equipment, Net$413,233,571$427,351,837▲ $14,118,266
Investments in Publicly Traded Securities$294,810,303$248,579,315▼ $46,230,988
Savings and Temporary Cash Investments$76,984,826$69,642,765▼ $7,342,061
Pledges and Grants Receivable$24,298,783$40,213,475▲ $15,914,692
Investments Program Related$33,059,173$36,581,018▲ $3,521,845
Accounts Receivable$2,189,150$3,424,970▲ $1,235,820
Prepaid Expenses and Deferred Charges$2,602,808$2,684,530▲ $81,722
Receivables From Officers Etc$1,657,577$1,125,979▼ $531,598
Inventories for Sale or Use$99,620$79,104▼ $20,516
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$3,056,095,414$3,145,912,286▲ $89,816,872
Other Assets Total$278$0▼ $278
Liabilities
Tax Exempt Bond Liabilities$226,088,381$223,940,201▼ $2,148,180
Other Liabilities$115,583,905$128,384,878▲ $12,800,973
Accounts Payable and Accrued Expenses$17,643,319$18,827,714▲ $1,184,395
Deferred Revenue$2,058,040$2,701,169▲ $643,129
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$361,373,645$373,853,962▲ $12,480,317
Net Assets / Fund Balance
Unrestricted Net Assets$1,278,310,157$1,300,804,696▲ $22,494,539
Temporarily Rstr Net Assets$993,136,965$1,040,327,863▲ $47,190,898
Permanently Rstr Net Assets$423,274,647$430,925,765▲ $7,651,118
Total Net Assets Fund Balance$2,694,721,769$2,772,058,324▲ $77,336,555
Total Liabilities and Net Assets / Fund Balance$3,056,095,414$3,145,912,286▲ $89,816,872

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$341,699,496$202,163,904$543,863,400
Other Land Buildings$46,418,458$3,794,011$50,212,469
Equipment$14,906,531$14,968,883$29,875,414
Land$24,327,352-$24,327,352
Other Securities$16,093,685--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$2,273,708,092$6,105,044▲ $138,213,928$43,761,141$2,321,097,295
2017$2,165,209,130$21,021,215▲ $180,783,841$39,899,989$2,273,707,456
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gabi StarrPresidentFT$659,904$114,215$774,119
David W OxtobyPres Emeriti-$376,169$138,979$515,148
Pamela BesnardVP of Adv (thru 4/12/19)FT$316,398$85,453$401,851
Karen SissonVP TreasurerFT$301,669$77,246$378,915
Audrey BilgerVP Dean of CollegeFT$253,053$116,500$369,553
Gary SmithProfessorFT$267,614$52,190$319,804
Christopher AllenVP Dean of AdmissionsFT$221,555$87,359$308,914
Miriam FeldblumVP & Dean Stud (thru 7/1/19)FT$158,703$147,710$306,413
Gary KatesProfessorFT$204,659$77,164$281,823
William MorseVP of Planning OfficeFT$234,290$38,506$272,796
Robert RobinsonAsst VP of FacilitiesFT$212,471$46,439$258,910
Eleanor BrownProfessorFT$179,845$72,619$252,464
Mary Lou WoodsAsst VP/assoc TreasFT$215,877$31,282$247,159
Marylou FerryVP of Comm (thru 4/1/19)FT$197,550$49,275$246,825
David WallaceAsst Treasurer/CIOFT$204,040$40,501$244,541
Cynthia SelassieProfessorFT$199,802$40,264$240,066
Tahir AndrabiProfessorFT$164,091$75,659$239,750
Robin TrozpekInt VP of Adv (as of 4/12/19)FT$165,893$65,252$231,145
Christina CiambrielloBd Sec/pres AstFT$146,363$42,667$189,030
Teresa ShawBd Sec/pres Ast (thru 8/5/18)FT$49,322$127,032$176,354
Avis HinksonVP & Dean Stud (as of 8/1/18)FT$161,043$15,239$176,282
Dana WoodAsst TreasurerFT$114,130$51,228$165,358
Janis MoormannAsst TreasurerFT$119,578$32,949$152,527
Mark KendallInt VP of Comm (as of 4/1/19)FT$95,622$56,443$152,065
Elisa AlbanRegistrarFT$112,361$18,806$131,167
Stephanie NavarroAsst SecretaryFT$69,166$25,660$94,826
Gloria GarciaAsst SecFT$72,682$15,306$87,988
Elizabeth CervantesAsst Sec (thru 10/29/18)FT$48,575$10,550$59,125

Board Members and Trustees

NameTitle
Samuel GlickTrustee/board Chair
Alison Rempel BrownTrustee/board Vice Chair
Christina WireTrustee/board Vice Chair
Craig WrenchTrustee/board Vice Chair
Eileen Wilson-oyelaranTrustee/board Vice Chair
Janet Inskeep BentonTrustee/board Vice Chair
Jason RosenthalTrustee/board Vice Chair
Jean KaplanTrustee/board Vice Chair
R Carlton SeaverTrustee/board Vice Chair
Reza ZafariTrustee/board Vice Chair
Wendall Jackson Jack LongTrustee/board Vice Chair
Aditya SoodTrustee
Allyson Aranoff HarrisTrustee
Bernard ChanTrustee
Bryan WhiteTrustee
Francine ScintoTrustee
Jefferey T ParksTrustee
Jennifer DoudnaTrustee
Jennifer Wilcox ThomasTrustee
John StarrTrustee
Kiki Ramos GindlerTrustee
Laszlo BockTrustee
Libby G MacpheeTrustee
Margaret LodiseTrustee
Mark B WylandTrustee
Matthew J EstesTrustee
Michael S SegalTrustee
Nathaniel Kirtman IiiTrustee
Onetta BrooksTrustee
Osman KibarTrustee
Peter G SasakiTrustee
Scott GreenTrustee
Stephen B LoebTrustee
Thomas J MinarTrustee
Xiaoyo MaTrustee/young Alumni Trustee

Highest Paid Contractors

ContractorServicesLocationCompensation
Cambridge Associates LLCInvestment AdvisoryPO Box 412015, Boston, MA 02241-2015$1,494,185
Hirschfeld Kraemer LLPLegal505 Montgomery Street 13th floor, San Francisco, CA 94111$1,114,633
Tortoise Capital Advisors LLCInvestment Advisory11550 Ash St Ste 300, Leawood, KS 66211$556,822
Acadian Asset Management LLCInvestment AdvisoryPO Box 412216, Boston, MA 02241-2216$491,729
Kpmg LLPAudit & TaxPO Box 120922, Dallas, TX 75312-0922$474,556
Revenue and Support

Revenue Composition

Contributions and Grants
$37,199,325
Program Service Revenue
$116,188,808
Investment Income
$68,093,384
Other Revenue
$1,685,797
All Other Contributions
$35,826,039
Change in Net Assets
$-13,225,441

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 Traded86$3,618,138Avg Mkt Dontn Date
Real Estate Commercial1$136,848Appraisal
Other Non Cash Contri Table4$21,151Retail Value
Total Noncash Contributions91$3,776,137-

Audited Revenue Reconciliation

Revenue per Audited Statements
$163,857,291
Revenue Not Reported on Financial Statements
$59,310,023
Revenue Not Reported on Form 990
$91,173,431
Other Revenue Adjustments
$53,051,464
Total Revenue per Audited Statements
$255,030,722
Total Revenue per Form 990
$223,167,314
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$95,280,363
Other Expenses$94,202,323
Grants and Similar Amounts Paid$46,910,069
Total Fundraising Expense$10,206,841
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$63,797,741$568,224$4,213,222$68,579,187
Grants to Domestic Individuals$43,462,201--$43,462,201
Fees for Services Other$17,291,973$305,050$802,933$18,399,956
Depreciation Depletion$18,195,737$69,813$66,113$18,331,663
Office Expenses$9,876,325$351,576$1,041,965$11,269,866
Other Employee Benefits$8,641,761$77,000$861,485$9,580,246
Interest$8,492,389$0$0$8,492,389
Occupancy$8,014,560$2,127$70,233$8,086,920
Fees for Service Investment Mgmnt Fees-$6,258,559-$6,258,559
Pension Plan Contributions$5,720,102$51,264$409,518$6,180,884
Current Officers, Directors, Trustees, and Key Employees$2,118,875$1,862,407$1,852,650$5,833,932
Payroll Taxes$4,934,791$89,756$81,567$5,106,114
Foreign Grants$3,447,868--$3,447,868
Travel$2,979,623$63,539$356,648$3,399,810
Information Technology$2,285,010$81,679$102,286$2,468,975
Insurance$1,950,745$98,247$93,041$2,142,033
All Other Expenses$1,388,268$-2,771$110,269$1,495,766
Fees for Services Legal$1,310,404$72,302$99,790$1,482,496
Other Expenses$3,361,675$1,100,000-$1,100,000
Fees for Services Accounting-$416,908-$416,908
Conferences and Meetings$379,016$5,145$22,423$406,584
Advertising$305,498$3,496$22,698$331,692
Total Functional Expenses$212,277,529$13,908,385$10,206,841$236,392,755

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$236,392,755
Total Expenses per Audited Statements$177,694,167
Expenses per Audited Statements$177,082,732
Expenses Not Reported on Financial Statements$59,310,023
Other Expense Adjustments$53,051,464
Expenses Not Reported on Form 990$611,435
International Activity

International Summary

Spending
$487,971,989

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
Central America and the CaribbeanInvestments---$394,000,000
East Asia and the PacificInvestments---$66,000,000
Europe (Including Iceland and Greenland)Investments---$15,000,000
Europe (Including Iceland and Greenland)Program ServicesStudy Abroad Dir Exp--$3,684,063
Europe (Including Iceland and Greenland)GrantmakingFinancial Aid--$1,834,810
North AmericaInvestments---$1,000,000
East Asia and the PacificProgram ServicesStudy Abroad Dir Exp--$911,553
East Asia and the PacificGrantmakingFinancial Aid--$833,962
South AsiaInvestments---$800,000
South AmericaInvestments---$600,000
Europe (Including Iceland and Greenland)Program ServicesStudy Abroad Other Exp--$510,490
Sub-Saharan AfricaProgram ServicesStudy Abroad Dir Exp--$357,282
Russia and the Newly Independent StatesInvestments---$300,000
Sub-Saharan AfricaInvestments---$300,000
Sub-Saharan AfricaGrantmakingFinancial Aid--$292,372
East Asia and the PacificProgram ServicesStudy Abroad Other Exp--$207,132
Central America and the CaribbeanProgram ServicesStudy Abroad Dir Exp--$192,140
Middle East and North AfricaProgram ServicesStudy Abroad Dir Exp--$187,178
South AmericaProgram ServicesStudy Abroad Dir Exp--$161,954
South AmericaGrantmakingFinancial Aid--$144,805
Central America and the CaribbeanGrantmakingFinancial Aid--$144,416
Middle East and North AfricaInvestments---$100,000
Middle East and North AfricaGrantmakingFinancial Aid--$91,993
Russia and the Newly Independent StatesGrantmakingFinancial Aid--$68,524
South AmericaProgram ServicesStudy Abroad Other Exp--$56,644
Russia and the Newly Independent StatesProgram ServicesStudy Abroad Dir Exp--$42,377
South AsiaGrantmakingFinancial Aid--$36,986
Sub-Saharan AfricaProgram ServicesStudy Abroad Other Exp--$36,032
South AsiaProgram ServicesStudy Abroad Dir Exp--$31,325
Middle East and North AfricaProgram ServicesStudy Abroad Other Exp--$15,430
Central America and the CaribbeanProgram ServicesStudy Abroad Other Exp--$15,283
South AsiaProgram ServicesStudy Abroad Other Exp--$9,168
Russia and the Newly Independent StatesProgram ServicesStudy Abroad Other Exp--$6,070
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$1,657,577$1,125,979▼ $531,598
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$108,045,497
Funds Held in Trust for Others$14,433,705
Asset Retirement Liability$2,242,102
GOV'T STUDENT LOAN ADVANCES$1,496,443
Voluntary Disability Insurance$1,406,119
Agency Funds Payable$691,230
Capital Lease Obligation$69,782

Bond Issues

BondIssuerIssuedIssue PricePurpose
BCalifornia Municipal Finance Authority2017-12-14$154,654,395Refunding and new construction
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
B$154,654,395$69,894,146$0$929,737
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$26,200,000$576,345
A$24,937,500$0$960,787$0
D$8,034,728$7,876,445$7,310,000$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
2020-07-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
G Gabrielle Starr
Formed
1887
Legal Domicile
CA
Voting Board Members
35
Independent Board Members
35
Employees
2,814
Volunteers
1,050

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. IN 2018, 12 POMONA STUDENTS ACCEPTED FULBRIGHT AWARDS, PLACING POMONA IN A TIE AS THE NO. 5 PRODUCER OF FULBRIGHT STUDENTS AMONG BACHELOR'S INSTITUTIONS, AS REPORTED BY THE CHRONICLE OF HIGHER EDUCATION IN FEBRUARY 2019. POMONA OFFERS 48 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 2,000 ADDITIONAL 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, LACROSSE 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. FO

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 2019.

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 $ 4,532,316 Annuity and Life Income Funds Released $(2,434,064) ------------ TOTAL $ 2,098,252

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 collection, which was acquired through purchase and contributions since the colleges inception, is not recognized as an asset on the statement of financial position. Purchases of collection items are recorded as decreases in unrestricted net assets in the year in which the items are acquired, or as temporarily or permanently restricted net assets if the assets use to purchase the items are restricted by donors. Contributed collection items are not reflected on the financial statements. Proceeds from deaccessions or insurance recoveries are reflected as increases in the appropriate net asset classes.

DESCRIPTION OF ORGANIZATION'S COLLECTIONS

Form 990, schedule d, part iii, line 4 the fine art collections of pomona college are housed in the benton museum of art, a teaching museum and a collecting institution. Located in a new facility that opened in 2020, among its important holdings of over 15,000 objects are such highlights as the kress collection of 15th- and 16th- century italian panel paintings; over 6,000 examples of pre-columbian to 20th-century american indian art and artifacts, including basketry, ceramics, and beadwork; a significant collection of american and european prints, drawings, and photographs; and a growing collection of contemporary art with an emphasis on southern california. In addition to serving as the basis for changing exhibitions, the collections, which are always available for individual study and research, are used in classes. The benton museum of art is the site of an active program of temporary exhibitions throughout the academic year. These include 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 and programs are free and open to the public. Exhibitions are accompanied by public receptions and include lectures and related programs for the college and local community.

Intended Use of Endowment Funds

Form 990, schedule d, part v, line 4 the colleges endowment consists of approximately 1,700 individual funds established for a variety of purposes including both donor-restricted endowment funds, and those 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 20 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 $ 4,532,316 ANNUITY AND LIFE INCOME FUNDS RECLASSED $(2,434,064) RENTAL EXPENSES REPORTED NET OF REVENUE ON FORM 990 $ 611,345 --------------- Total: $ 2,709,687

Revenue on Return Not on Books

FORM 990, SCHEDULE D, PART XI, LINE 4B INVESTMENT INCOME REPORTED GROSS ON FORM 990 $ 1,100,000 FINANCIAL AID REPORTED GROSS OF TUITION ON FORM 990 $46,910,069 CHARITABLE GIFT ANNUITY PAYMENTS RECLASSED AS EXPENSE $ 5,041,395 -------------- Total: $53,051,464

Expense on Return Not on Books

Form 990, schedule d, part xii, line 2d rental expenses reported net of revenue on form 990 $611,435

Expense on Books Not on Return

Form 990, schedule d, part xii, line 4b excise tax reported as expense on form 990 $ 1,100,000 financial aid reported gross of tuition on form 990 $46,910,069 charitable gift annuity payments reclassed as expense $ 5,041,395 -------------- total: $53,051,464

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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. 2019 filings • 501(c)3 • $1B+ nonprofits