Claremont McKenna College

This is the third in our series of financial snapshots of the educational institutions in Claremont. Today we focus on Claremont McKenna College. This information is taken from the fiscal year 2004-2005 IRS form 990 filed by the college, a public document. As such it reflects data as of June 30, 2005. We understand that is not terribly recent, but more recent data are not readily available. For CMC, the 990 for the fiscal year ending June 30, 2006 is available. The comparative numbers are in red.

See here for additional general information on this series. For comparison, see the data for Pomona College here, and for Scripps College here.

Tuition and Fees: $32,476,332 (added to post on 6/4/08 by request. $34,487,217 in FY2006)

Auxiliary Enterprises ( must be room and board): $9,117,684 (added to post on 6/4/08 by request. $9,817,990 in FY 2006)

Total Revenue (includes $48M realized gain from sales of assets): $112,851,895 ($104,658,547 in 2006)

Total Expenses: $73,809,896 ($74,515,371 in 2006)

Excess for the year: $39,041,999 ($30,143,176 in 2006)

Net assets on July 1, 2004: $399,145,082 (July 1, 2005: $425,891,575)

Net assets on June 30, 2005 (includes $12M, mostly unrealized loss): $425,891,575 (July 1, 2006: $486,536,231. Includes approx. $30M excess above and $31M of unrealized gain and "actuarial adjustment" on life income contracts)

Corporate Officers

Pamela B. Gann, President, Barbie Girl at the Claremont Ath,
Compensation: $306,000 ($316,710 in 2006)
Contributions to employee benefit plans: $61,881
Expense account and other allowances such as college-provided housing: $51,395


Robin Aspinall, VP-Business/Administration-Treasurer
Compensation: $173,840
Contributions to employee benefit plans: $26,390

John P. Faranda, VP, Alumni Relations
Compensation: $155,018
Contributions to employee benefit plans: $20,601









William Ascher, VP, Dean of the Faculty
Compensation: $250,211 (Gregory Hess, Dean of the Faculty in 2008, earned $194,709 in 2006; Ascher was absent from the 990)
Contributions to employee benefit plans: $27,153

Dennis Mulhaupt, VP/Development-External Relations
Compensation (includes severance and accrued vacation): $442,458 (Wow--the Golden Handshake)
Contributions to employee benefit plans: $26,606
Expense account: $15,650

Wen-Chu Torrey Sun , VP, Student Affairs (1989 Striptease Incident in NYT)
Compensation: $123,462
Contributions to employee benefit plans: $13,966






Richard C. Vos, VP/Dean of Admission-Financial Aid
Compensation: $121,707
Contributions to employee benefit plans: $19,954
Expense account: $359

Compensation of the Five Highest Paid Employees other than Officers, Directors, and Trustees

Lisa Meulbroek, Faculty
Compensation: $253,061 ($258,122 in 2006)
Contributions to employee benefit plans and deferred compensation: $30,426

J. H. Mulherin, Faculty
Compensation: $246,770 (didn't make the $178K cut in 2006)
Contributions to employee benefit plans and deferred compensation: $31,661
Expense account: $177

Robert Walters, Director, Information Technology
Compensation: $220,249 (ditto; didn't make the $178K cut in 2006)
Contributions to employee benefit plans and deferred compensation: $16,581
(See here for Robert Walters' birthday and month. All you need now is his birth year, SSAN, and you are ready to play the "identity Theft" game.)

Bradley Bodagar, Director (Major Gifts). Left CMC for the Pacific Research Institute in San Francisco, most recently sighted at the Catholic University of America, Columbus School of Law.
Compensation: $181,372
Contributions to employee benefit plans and deferred compensation: $21,222
Expense account: 799

Ronald Riggio, Faculty
Compensation: $171,390 ($188,137 in 2006)
Contributions to employee benefit plans and deferred compensation: $25,855

Compensation of the Five Highest Paid Independent Contractors

Cambridge Associates, Boston, Investment Advisor
Compensation: $586,988

Southeastern Asset Management, Inc., Memphis, Asset Management
Compensation: $291,201

Tukman Capital Management, Inc. (now there's an understated website: Phone, FAX, email and Yahoo map), Larkspur, CA, Investment Management
Compensation: $262,338

Treebark Enterprises, Claremont [Rancho Cucamonga], Printing Service
Compensation: $325,483

Iridian Asset Management LLC (another one. This one is so exclusive you have to log in to find anything), Westport, CT, Investment Management
$237,948