The Claremont Colleges Inc

EIN: 954786748 501(c)(3) Education

Claremont, CA

Total Revenue
$62,152,437
Total Expenses
$57,353,637
Total Assets
$168,047,155
Net Assets
$142,368,596
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
CA
Principal Officer
Stig Lanesskog
Phone
9096218043
Tax Period
2024-07-01 to 2025-06-30

The Claremont Colleges Inc, founded in 2000, is a mid-sized nonprofit in the Education sector that reported $62.2M in total revenue in fiscal year 2024. Expenses of $57.4M left a modest 8% surplus.

Mission

To provide exceptional shared services as the preferred partner of The Claremont Colleges.

Program Service Accomplishments

Program 1
Expenses: $27,316,643 Revenue: $34,379,716

Institutional Support services provided to the Claremont Colleges by TCC include: food services administration; physical plant and facilities support; payroll and accounting; information technology...

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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.

Program 2
Expenses: $14,658,817 Revenue: $14,305,725

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...

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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.

Program 3
Expenses: $8,755,834 Revenue: $10,200,607

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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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $176,353
Program Service Revenue $58,886,048
Investment Income $3,087,055
Other Revenue $2,981
TOTAL REVENUE $62,152,437

Expense Breakdown

Grants Paid $75
Salaries & Benefits $33,894,944
Fundraising Expenses $0
Program Expenses $50,731,294
Other Expenses $23,458,618
TOTAL EXPENSES $57,353,637

Year-over-Year Comparison

2024 2023 Change
Revenue $62,152,437 $60,429,458 +0.0%
Expenses $57,353,637 $54,982,120 +0.0%
Net Income $4,798,800 $5,447,338 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
18
Independent Members
10
Employees
447
Volunteers
10

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$1,844,627
Total Directors
20
$6,358,740
Key Employees
2
$490,640
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gabrielle G Starr Constituent Member (thru 01/25) 1.00
Director
$0 $819,918 $1,638,758
Hiram E Chodosh Constituent Member 1.00
Director
$0 $216,553 $904,143
Harriett B Nembhard Constituent Member 1.00
Director
$0 $118,460 $811,087
Strom C Thacker Constituent Member 1.00
Director
$0 $182,585 $714,200
Amy Marcus-Newhall Constituent Member 1.00
Director
$0 $47,409 $626,909
Stig Lanesskogg Chief Executive Officer 40.00
Officer Director
$502,907 $77,069 $579,976
Robert Gaines Constituent Member (as of 01/25) 1.00
Director
$0 $47,322 $413,462
Michelle Bligh Constituent Member (as of 02/25) 1.00
Director
$0 $36,604 $370,205
Mohamed Abousalem Constituent Member (as of 07/24) 1.00
Director
$0 $4,700 $291,607
Timothy J Kirley Constituent Member (thru 02/25) 1.00
Director
$0 $0 $8,393
James C Bean Chair of the Board (as of 07/25) 1.00
Director
$0 $0 $0
Janet Benton Constituent Member (as of 07/24) 1.00
Director
$0 $0 $0
Donald P Gould Constituent Member 1.00
Director
$0 $0 $0
Ross Grossman Constituent Member 1.00
Director
$0 $0 $0
Mark B Helm Director 1.00
Director
$0 $0 $0
Laura Hockett Constituent Member 1.00
Director
$0 $0 $0
Jeanne Holm Constituent Member (as of 07/24) 1.00
Director
$0 $0 $0
Cristina Rose Director 1.00
Director
$0 $0 $0
Nina Russell Director 1.00
Director
$0 $0 $0
Kenneth J Valach Constituent Member (as of 07/24) 1.00
Director
$0 $0 $0
Stephanie Blaisdell VP for Student Affairs 40.00
Officer
$331,999 $30,421 $362,420
Vanessa Aguirre VP of Finance & Treasurer 40.00
Officer
$278,389 $56,794 $335,183
Colin Tudor - Secr to the Board/AVP for Comm Relations 40.00
Officer
$265,519 $57,386 $322,905
Mia Alonzo Assistant Vice President/Controller 20.00
Officer
$201,562 $42,581 $244,143
Janet Bishop Dean of the Library 40.00
Key Emp
$229,733 $37,888 $267,621
Lee Gilbertson - AVP of Information Technology Services 40.00
Key Emp
$184,825 $38,194 $223,019
Elizabeth Morgan - Director for SIS Implementation 40.00
Highest
$239,994 $46,644 $286,638
Jairo Ospina - Project Manager for SIS Implementation 40.00
Highest
$182,994 $41,954 $224,948
Dennis Miller - AVP for HR and Benefits Admin 40.00
Highest
$197,704 $23,763 $221,467
Michael Hallinan AVP of Campus Safety 40.00
Highest
$195,677 $20,515 $216,192
Laura Landa AVP of Communications 40.00
Highest
$179,457 $18,481 $197,938
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $62,152,437 $57,353,637 $168,047,155 $4,798,800
2024 $60,429,458 $54,982,120 $159,060,093 $5,447,338
2023 $48,400,253 $53,874,859 $150,517,803 $-5,474,606
2022 $47,482,368 $67,348,590 $158,040,859 $-19,866,222
2021 $52,502,841 $42,287,701 $182,085,874 $10,215,140
2020 $59,042,939 $50,375,193 $165,586,929 $8,667,746
2019 $56,040,096 $47,065,197 $157,331,456 $8,974,899
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