Claremont McKenna College

What it reported doing in 2024

See Schedule OClaremont McKenna College, one of the nation's top liberal arts colleges, prepares students to make a difference. Since 1946, Claremont McKenna College's mission has been to prepare students for thoughtful and productive lives and responsible leadership in business, government, and the professions. The College attracts a student bodythat is broadly diverse and accomplished beyond the classroom.Claremont McKenna is a member of The Claremont Colleges, a seven-college consortium modeled after Oxford University. Students have the best of both worlds: the intimacy of a small residential college with small classes and a student-faculty ratio of eight to one, and the shared resources of a larger research university.Renowned for expertise in economics, government, humanities, and the sciences, Claremont McKenna has been a leader in freedom of expression, viewpoint diversity, and constructive dialogue, as well as institutional neutrality through The Open Academy. The College emphasizes the integration of leadership and innovation experience within eleven world-class research institutes, the Marian Miner Cook Athenaeum, and sponsored off-campus internships. More than 90% of students complete internships and nearly half study off-campus during their four years.The Soll Center for Student Opportunity provides all students with advising, mentoring and networking support that is tailored to each student's professional goals. Many Claremont McKenna graduates go on to receive prestigious post-graduate fellowships and degrees in business, law, medicine, and many other fields. CMC alumni thrive in a wide range of careers including consulting, education, business, government, media, nonprofit leadership, science, and technology. Claremont McKenna excels nationally in post-graduate job placement and career success.

Financial Efficiency

• Mission deployment rate: 88.5%; rating input score 89
• Program expense ratio: 79.4%; rating input score 79
• Fundraising efficiency: $7.93 raised per $1 spent on fundraising; rating input score 35; 35th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
• Pay-setting controls: 5 of 6 controls in place; rating input score 83
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 97.6%; rating input score 98; 53rd percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 19.5%; rating input score 87; 87th percentile among comparable filings
• Total-asset coverage ratio: 12.2; rating input score 93; 93rd percentile among comparable filings
• Liabilities to assets ratio: 0.24; rating input score 63; 63rd percentile among comparable filings
• Officer compensation ratio: 4%; rating input score 26; 26th percentile among comparable filings

Growth

• Program expense growth: 4.8% per year; rating input score 100; 38th percentile among comparable filings
• Revenue growth: 5.9% per year; rating input score 100; 51st percentile among comparable filings
• Asset growth: 7.4% per year; rating input score 100; 55th percentile among comparable filings