Claremont Investment Fund
Only 0% goes to programs Strong reserves Growing revenue
Claremont Investment Fund is a 501(c)(3) organization based in Claremont, California, registered in 2018, with $65,980,198 in FY2023 revenue. CharityIndex grades it C, and it directs about 0% of spending to programs.
500 E 9th St, Claremont, CA, 91711 EIN 82-3049880 Since 2018
Revenue (FY2023)
$66.0M
▲ 6.2% vs prior year
Education median: $200K
Expenses (FY2023)
$4.4M
Net assets
$1.5B
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →FProgram efficiency40% of the rating0% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Claremont Investment Fund: 0% to programs earns a F on this criterion. See the exact thresholds →
B+Financial health25% of the rating4069 mo reserves · +93% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Claremont Investment Fund: 4069 mo reserves · +93% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Claremont Investment Fund: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Claremont Investment Fund: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Claremont investment fund was organized to hold and manage the endowment assets of claremont mckenna college and those members of the claremont colleges that may be approved by the college's board of directors from time to time.
Contact & location
- Address
- 500 E 9th St, Claremont, CA, 91711
- City
- Claremont
- State
- California
- Category
- Education
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $1,000 (FY2017) to $66.0M (FY2023) across 7 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $453.8MNet assets $1.5B
Operating margin
93.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.0B
Total liabilities
$453.8M
Net assets
$1.5B
Salaries & benefits
$0
0% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $65,980,198▲6.2% | $4,435,989▲7.8% | $1,504,250,728▲10.6% | $1,958,087,798▲10.8% | 990 |
| 2022 | $62,107,132▼53.1% | $4,115,795▼2.6% | $1,359,681,213▲2.4% | $1,767,485,221▲0.2% | 990 |
| 2021 | $132,286,956▲354% | $4,227,733▲24.3% | $1,327,893,290▼3.5% | $1,763,508,924▼6.7% | 990 |
| 2020 | $29,169,442▼3.9% | $3,401,082▲25.2% | $1,376,207,612▲40.7% | $1,889,154,822▲39.4% | 990 |
| 2019 | $30,350,354▲57.3% | $2,717,053▲12.7% | $978,255,166▲8.2% | $1,354,913,943▲9.9% | 990 |
| 2018 | $19,288,976▲1928798% | $2,411,825 | $903,853,157▲90385216% | $1,232,311,698▲123231070% | 990 |
| 2017 | $1,000 | $0 | $1,000 | $1,000 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Abbott Brown | Director | 1 | — |
| Andrew Dorantes | Former Vice President | 0 | — |
| David G Mgrublian | Director | 1 | — |
| Erin Watkins | Cfo | 1 | — |
| Harry T Mcmahon | Director | 1 | — |
| James Floyd | President and Ceo | 1 | — |
| John Shewsberry | Vice-chair | 1 | — |
| Matthew Bibbens | Secretary | 1 | — |
| Matthew Ferri | Director | 1 | — |
| Michael Denny | Vice President | 1 | — |
| Rossi A Russell | Chair | 1 | — |
| Shamit Grover | Director | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Claremont Investment Management Company | Investment Management Services | $4,435,989 |
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Compare Claremont Investment Fund
Frequently asked questions
- Is Claremont Investment Fund a legitimate nonprofit?
- Yes. Claremont Investment Fund is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 82-3049880, based in Claremont, California. Donations are tax-deductible.
- What is Claremont Investment Fund's EIN?
- Claremont Investment Fund's Employer Identification Number (EIN) is 82-3049880.
- How much revenue does Claremont Investment Fund report?
- Claremont Investment Fund reported $65,980,198 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Claremont Investment Fund's spending goes to programs?
- Claremont Investment Fund spends about 0% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Claremont Investment Fund have?
- CharityIndex grades Claremont Investment Fund C, based on program efficiency and fundraising cost.
- How much does Claremont Investment Fund's highest-paid employee make?
- The highest reported compensation on Claremont Investment Fund's latest Form 990 is $0, paid to Abbott Brown (Director).
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Data for Claremont Investment Fund (EIN 82-3049880) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.