Nonprofit · EIN 82-3049880
CLAREMONT INVESTMENT FUND
Tax-exempt · CLAREMONT, CA 91711
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $96,041,180 | $4,883,523 | $91,157,657 | $2,189,577,689 | $536,382,285 | $1,653,195,404 |
| June 30, 2024 | 990 | $65,980,198 | $4,435,989 | $61,544,209 | $1,958,087,798 | $453,837,070 | $1,504,250,728 |
| June 30, 2023 | 990 | $62,107,132 | $4,115,795 | $57,991,337 | $1,767,485,221 | $407,804,008 | $1,359,681,213 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $96,041,180
- Net gain from sales of assets
- $72,195,379
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Management and general (functional)
- $4,883,523
Balance sheet and other
- Total assets, start of year
- $1,958,087,798
- Total assets, end of year
- $2,189,577,689
- Total liabilities, end of year
- $536,382,285
- Net assets, end of year
- $1,653,195,404
- Publicly traded securities
- $168,320,831
- Net assets without donor restrictions
- $1,653,195,404
- Gross unrelated business income
- $3,747,588
- Gross receipts
- $445,540,801
- Employees
- 0
- Volunteers
- 7
- Year formed
- 2017
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JAMES FLOYD | PRESIDENT AND CEO Officer | 1 | $0 | $1,266,825 | $126,370 |
| MICHAEL DENNY | VICE PRESIDENT (THRU 01/25) Officer | 1 | $0 | $693,700 | $67,780 |
| ANDREW DORANTES | FORMER VICE PRESIDENT Former | 0 | $0 | $447,496 | $70,849 |
| MATTHEW BIBBENS | SECRETARY Officer | 1 | $0 | $345,839 | $92,976 |
| TRISTAN GERBER | INVESTMENT OFFICER Officer | 1 | $0 | $356,250 | $47,692 |
| ERIN WATKINS | CFO (THRU 12/24) Officer | 1 | $0 | $300,000 | $49,025 |
| JOHN SHEWSBERRY | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RJ ROMERO | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ABBOTT BROWN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MATTHEW FERRI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVID G MGRUBLIAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TYLER MINGST | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KEN VALACH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JAMES FLOYD | PRESIDENT AND CEO Officer | 1 | $0 | $888,315 | $105,992 |
| MICHAEL DENNY | VICE PRESIDENT Officer | 1 | $0 | $472,873 | $54,211 |
| ANDREW DORANTES | FORMER VICE PRESIDENT Former | 0 | $0 | $427,073 | $65,774 |
| MATTHEW BIBBENS | SECRETARY Officer | 1 | $0 | $335,790 | $78,602 |
| ERIN WATKINS | CFO Officer | 1 | $0 | $290,000 | $48,517 |
| ROSSI A RUSSELL | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOHN SHEWSBERRY | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ABBOTT BROWN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MATTHEW FERRI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SHAMIT GROVER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVID G MGRUBLIAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HARRY T MCMAHON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 12 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JAMES FLOYD | PRESIDENT AND CEO Officer | 1 | $0 | $753,750 | $84,608 |
| ANDREW DORANTES | FORMER VICE PRESIDENT Former | 0 | $0 | $410,137 | $92,852 |
| MICHAEL DENNY | VICE PRESIDENT Officer | 1 | $0 | $382,500 | $72,306 |
| MATTHEW BIBBENS | SECRETARY Officer | 1 | $0 | $350,087 | $71,296 |
| ERIN WATKINS | CFO Officer | 1 | $0 | $286,000 | $45,711 |
| ROSSI A RUSSELL | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOHN SHREWSBERRY | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ABBOTT BROWN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MATTHEW FERRI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SHAMIT GROVER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HARRY T MCMAHON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVID G MGRUBLIAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 500 E 9TH ST, CLAREMONT, CA 91711-5929
- Principal officer (990 for 2024)
- CLEMENTE JIMENEZ, 500 EAST 9TH STREET, CLAREMONT, CA 91711
- Signed the 990
- CLEMENTE JIMENEZ, CHIEF OPERATING & FINANCIAL OFFICER
- Phone
- (909) 621-8230
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
California records
California keeps its own records of charities and corporations. Search them by EIN 82-3049880 or by the name CLAREMONT INVESTMENT FUND.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
CLAREMONT INVESTMENT FUND (THE "FUND") WAS ORGANIZED TO HOLD AND MANAGE THE ENDOWMENT ASSETS OF CLAREMONT MCKENNA COLLEGE (THE "COLLEGE") AND THOSE MEMBERS OF THE CLAREMONT COLLEGES THAT MAY BE APPROVED BY THE COLLEGE'S BOARD OF DIRECTORS FROM TIME TO TIME. THE FUND'S BROAD OBJECTIVE IS TO PRESERVE AND ENHANCE ITS REAL (INFLATION-ADJUSTED) PURCHASING POWER WHILE PROVIDING A RELATIVELY PREDICTABLE, STABLE, AND CONSTANT (IN REAL TERMS) STREAM OF EARNINGS CONSISTENT WITH THE SPENDING NEEDS OF THE COLLEGE AND PARTICIPATING MEMBERS OF THE CLAREMONT COLLEGES. THE FUND IS AN AFFILIATE OF CLAREMONT MCKENNA COLLEGE.
Program accomplishments
- MANAGEMENT OF ENDOWMENT INVESTMENT ASSETS FOR CLAREMONT MCKENNA COLLEGE, HARVEY MUDD COLLEGE AND THE CLAREMONT COLLEGES, INC.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 82-3049880
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2018
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B19)
- Assets (IRS master file)
- $2,189,577,689
- Income (IRS master file)
- $445,540,801
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $96,041,180 | $4,883,523 | $2,189,577,689 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $65,980,198 | $4,435,989 | $1,958,087,798 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $62,107,132 | $4,115,795 | $1,767,485,221 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $132,286,956 | $4,227,733 | $1,763,508,924 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990-EZ | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-3049880).
Questions about CLAREMONT INVESTMENT FUND
- What is the EIN of CLAREMONT INVESTMENT FUND?
- The employer identification number (EIN) of CLAREMONT INVESTMENT FUND is 82-3049880.
- Is CLAREMONT INVESTMENT FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to CLAREMONT INVESTMENT FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does CLAREMONT INVESTMENT FUND file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CLAREMONT INVESTMENT FUND due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CLAREMONT INVESTMENT FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of CLAREMONT INVESTMENT FUND?
- The 990 for the year ended June 30, 2025 names CLEMENTE JIMENEZ.
- Who are the officers and directors of CLAREMONT INVESTMENT FUND?
- The 990 for the year ended June 30, 2025 lists 13 people; 0 received compensation from the organization.
- How much revenue does CLAREMONT INVESTMENT FUND have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $96,041,180, expenses of $4,883,523 and total assets of $2,189,577,689 at year end.
Other nonprofits in CLAREMONT
- POMONA COLLEGE EIN 95-1664112 · last filed 990 for 2025
- SCRIPPS COLLEGE EIN 95-1664123 · last filed 990 for 2025
- HARVEY MUDD COLLEGE EIN 95-1911219 · last filed 990 for 2025
- PITZER COLLEGE EIN 95-2261113 · last filed 990 for 2025
- CLAREMONT GRADUATE UNIVERSITY EIN 95-1664100 · last filed 990 for 2025
- THE CLAREMONT COLLEGES INC EIN 95-4786748 · last filed 990 for 2025
- THE WEBB SCHOOLS EIN 95-1856591 · last filed 990 for 2025
- KECK GRADUATE INSTITUTE EIN 95-4625327 · last filed 990 for 2025