Having previously given a financial snapshot of the undergraduate colleges in Claremont, Pomona, Scripps, CMC, Harvey Mudd, and Pitzer, we now turn to the Claremont Graduate University (CGU).
These data are taken from the IRS form 990 filed by CGU for the period July 1, 2004 through June 30, 2005--the latest uniformly available. We provide general comments on the information here. However, the CGU 990 for the following fiscal year, ending June 30, 2006, is also available. We provide those numbers also for comparison and refer to them as 2006 numbers. They appear in RED.
Let's turn to the numbers. Though the first section on tuition, revenue, expenses, and net assets is a bit anemic. It is when we turn to salaries that we see that CGU is home to a bunch of rock stars. And it is kind of funny, for an institution whose reputation is--well--no better than that of the undergraduate schools.
Tuition and fees in 2005: $31,837,847 ($33,315,533 in 2006)
(Room and Board not given as this is not primarily a residential institution)
Total 2005 revenue: $57,549,629 ($61,729,863 in 2006)
Total 2005 expenses: $47,824,959 ($50,403,927 in 2006)
Excess for 2005: $9,724,670 (11,325,936 in 2006)
Assets as of July 1, 2004: $164,940,988 ($176,190,687 on July 1, 2005)
Assets as of June 30, 2005: $176,190,687 (199,319,048 on June 30, 2006)
William L. Everhart, Interim President, Treasurer (2005)
Compensation: $348,474
Contribution to Employee Benefit Plans: $38,953
Philip Dreyer, Provost, VP Academic Affairs (2005
Compensation: $209,000
Contribution to Employee Benefit Plans: $28,212
John Crowe, VP Development, Interim Secretary (2005)
Compensation: $194,000
Contribution to Employee Benefit Plans: $29,420
Expense Account: $598
Robert E. Klitgaard, President (2006)
Compensation: $354,606
Contribution to employee benefit plans and deferred compensation plans: $35,164
Expense account and other allowances: $141,381 (Wow! What is this? Housing? Signing bonus?)
William L. Everhart, Treasurer, Secretary to the Board (2006)
Compensation: $281,520
Contribution to employee benefit plans and deferred compensation plans: $36,269
Yi Feng, Provost, VP Academic Affairs (2006)
Compensation: $63,333 (this must be a partial year)
Contribution to employee benefit plans and deferred compensation plans: $18,020
John Crowe, VP Development (2006)
Compensation: $202,730
Contribution to employee benefit plans and deferred compensation plans: $30,925
Expense account: $729
Cornelis De Kluyver, Dean
Compensation: $225,484 ($221,303 in 2006)
Contribution to employee benefit plans and deferred compensation: $31,464 ($32,816 in 2006)
Richard Smith, Faculty
Compensation: $209,014 ($218,443 in 2006)
Contribution to employee benefit plans and deferred compensation: $26,758 ($23,705 in 2006)
William Crano, Faculty
Compensation: $198,592 ($200,553 in 2006)
Contribution to employee benefit plans and deferred compensation: $27,891 ($27,345 in 2006)
Stewart Donaldson, Faculty
Compensation: $197,344 ($208,783 in 2006)
Contribution to employee benefit plans and deferred compensation: $26,809 ($26,631 in 2006)
Vijay Sathe, Faculty
Compensation: $202,520 ($215,838 in 2006)
Contribution to employee benefit plans and deferred compensation: $16,995 ($17,818 in 2006)
Frederick M. Weis, Claremont, consulting (2005)
Compensation: 53,653
Hodge Niederer Cariani, San Francisco, Executive Employment
Compensation: $90,000 in 2005 ($79,935 in 2006)
Carrier Johnson, San Diego, Contractor
Compensation: $161,112
Robert Soderberg, Claremont, Construction
Compensation $90,000
PriceWaterhouseCoopers LLP, Los Angeles, Accounting Firm
Compensation: $120,637 ($79,634 in 2006 to PWC in St. Louis for Accountant/Tax)
Capstone Development Corp, Birmingham, Alabama, Real Estate Development (2006) Compensation, $1,045,588
Clifford Associates LLC, Pasadena, Investment Management/Trust (2006)
Compensation: $95,643
Alliance Capital Management, Philadelphia, Investment Management (2006)
Compensation: $62,304
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