Occidental College FY2021 filing

Tax-deductible

Los Angeles, CA501(c)(3)Since 1887Colleges & UniversitiesEIN 95-1667177

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501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$5.1M paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $19.4M a year · 10% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$5.1M
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 6.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
12
named funders · $395K
Looks good: 12 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$140.4M
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
44
of 46 voting members
Looks good: 44 of 46 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$157.4M
-19% vs prior year
Spent
$154.7M
To programs
87%
Net assets
$762.6M
By yearFY2020–FY2024
Revenue
$157.4M
FY2021▼ -19%
Revenue by fiscal year
FY2020$193.7M
FY2021$157.4M
FY2022$219.2M
FY2023$205.1M
FY2024$212.1M
FY2024$241.3M
Expenses
$154.7M
FY2021▼ -13%
Expenses by fiscal year
FY2020$178.4M
FY2021$154.7M
FY2022$178.4M
FY2023$185.7M
FY2024$193.1M
FY2024$208.3M
Net assets
$762.6M
FY2021▲ +22%
Net assets by fiscal year
FY2020$626.1M
FY2021$762.6M
FY2022$770.3M
FY2023$800.0M
FY2024$859.8M
FY2024$907.3M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1934.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $134.7M Management & general 9% · $14.1M Fundraising 4% · $5.9M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

63 people listed on the 990; $5.1M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Former President (thru 6/30/20)
$1,472,133Pt VII · Sec A
President/Ex-Officio as of 7/1/20
$372,814Pt VII · Sec A
VP for Institutional Advancement
$344,277Pt VII · Sec A
VP for Finance/ COO/Treasurer
$291,314Pt VII · Sec A
VP for Academic Affairs/ Dean of the College
$272,615Pt VII · Sec A
Director of Athletics (thru 3/15/20)
$259,193Pt VII · Sec A
$236,946Pt VII · Sec A
Sr.advisor, Giving
$226,818Pt VII · Sec A

Harry J Elam JR’s $1.5M as Former President/Ex-Officio is at the 86th percentile of top reported officer pay among 674 $100M+ education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Harry J Elam JR$1,517,725$756,948$718,556$712,981$372,814—
Jonathan Veitch PHD————$1,472,133$658,485
Amos Himmelstein$413,764$355,429$445,686$759,138$291,314$298,738
Thomas T Stritikus$409,076—————
Charles Cardillo Thru 0323——$376,225———
Jonathan a Veitch$323,636$312,364$269,571$374,357——
Charles Cardillo—$111,248—$337,015$344,277$354,507
Eleanor Nora Khan$290,763$190,341————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Provides students with a high-quality liberal arts education integrated with community service, literacy tutoring, and college preparatory programs for local youth.

Provided by the organization

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3 program services account for $134.7M of program spending, described in the organization's own filed words · FY2020.
01

See Schedule Oacademic Program

As a private, co-educational college of the liberal arts and sciences, occidental college seeks to provide its students with a total educational experience of the highest quality one that prepares them for leadership in an increasingly complex, interdependent and pluralistic world.

$100.2Mprogram expense
02

See Schedule Oco-Curricular

Occidental offers a wide range of co-curricular programs, from the student-run blyth fund, which oversees a six-figure investment fund, to the internships and career counseling services offered through the hameetman career center.

$28.9Mprogram expense
03

See Schedule Opublic Service

Occidental was one of the first liberal arts colleges selected as community engagement institutions by the carnegie foundation for the advancement of teaching and has repeatedly been named to the president's higher education community service honor roll for its exemplary service efforts.

$5.5Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
See all 12 funders →
Grants paid · 81 grants · $309.9M · 2019–2024
Unitemized GrantFY2024$52,890,057
Unitemized GrantFY2024$1,866,836
Prosperity CollectiveFY2024$189,140
The Farmer Ken LLCFY2024$114,651
Silent Spring Institute INCMA · FY2024$62,580
Unitemized GrantFY2024$30,446
Community PartnersCA · FY2024$25,352
Strategic Earth ConsultingFY2024$7,200
Unitemized GrantFY2023$48,523,180
Unitemized GrantFY2023$1,497,042
Clean Water FundDC · FY2023$149,875
Harambee House INCGA · FY2023$92,750
See all 81 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$157.4M
Ln 12
Fees for servicesLn 2g$106.5M
Investment incomeLn 3$26.2M
Gifts and grantsLn 1h$24.7M
Money outPt IX
$154.7M
Ln 25
Programscol B$134.7M
Managementcol C$14.1M
Fundraisingcol D$5.9M
Owns and owesPt X
$762.6M
net assets · Ln 32
Cash and savingsLn 1–2$85.8M
Total assetsLn 16$902.9M
LiabilitiesLn 26$140.4M
PeoplePt VI, VII
63
listed · VII A
PaidVII A17
Voting boardVI 1a46
IndependentVI 1b44
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$24.7M
Government grantsLn 1e$7.6M
Noncash giftsLn 1g$2.8M
Fees for servicesLn 2g$106.5M
Investment incomeLn 3$26.2M
Gains on assetsLn 7$16.8M
Total revenueLn 12$157.4M
Assets in detailPt X, end of year
CashLn 1$6.5M
SavingsLn 2$79.3M
Cash and savings togetherLn 1–2$85.8M
InvestmentsLn 11–13$605.0M
Land, buildings, equipmentLn 10c$190.8M
Other assetsLn 15$8.6M
Total assetsLn 16$902.9M
LiabilitiesLn 26$140.4M
Net assetsLn 32$762.6M
OperationsPt I, VI
EmployeesI 52,542
VolunteersI 61,150
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$101.7M$85.8M
InvestmentsLn 11–13$452.6M$605.0M
Land, buildings, equipmentLn 10c$192.3M$190.8M
Total assetsLn 16$765.5M$902.9M
LiabilitiesLn 26$139.4M$140.4M
Net assetsLn 32$626.1M$762.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$165K$165K
Grants to domestic individualsLn 2$50.2M$50.2M
Pay of current officers, directors and key staffLn 5$4.6M$817K$3.5M$345K
Pay of disqualified personsLn 6$641K$543K$98K
Other salaries and wagesLn 7$49.3M$42.6M$3.1M$3.5M
Pension plan contributionsLn 8$2.7M$2.3M$180K$204K
Other employee benefitsLn 9$8.4M$6.7M$989K$628K
Payroll taxesLn 10$3.8M$3.0M$483K$285K
Legal feesLn 11b$660K$660K
Accounting feesLn 11c$149K$149K
Investment management feesLn 11f$1.3M$1.3M
Other fees for servicesLn 11g$4.5M$3.6M$786K$169K
Advertising and promotionLn 12$33K$17K$15K$866
Office expensesLn 13$3.3M$2.8M$166K$356K
Information technologyLn 14$2.5M$2.0M$349K$121K
OccupancyLn 16$4.0M$3.1M$940K
TravelLn 17$136K$129K$6K$308
Conferences, conventions and meetingsLn 19$347K$332K$13K$1K
InterestLn 20$3.5M$3.0M$500K
Depreciation, depletion and amortizationLn 22$10.3M$9.8M$356K$112K
InsuranceLn 23$603K$86K$518K
Other expenses (24a–d)Ln 24$2.8M$2.7M$63K
All other expensesLn 24e$822K$696K$53K$73K
Total functional expensesLn 25$154.7M$134.7M$14.1M$5.9M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $212.1M$193.1M$19.0M$859.8M 990 PDF
FY2023 $205.1M$185.7M$19.4M$800.0M 990 PDF
FY2022 $219.2M$178.4M$40.8M$770.3M 990 PDF
FY2021 Viewing $157.4M$154.7M$2.7M$762.6M 990 PDF
FY2020 $193.7M$178.4M$15.2M$626.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $157,427,095 across 8 lines filed
Lines not itemized here account for $1,795,311 of total revenue; see the IRS return.
VIII-1e Government grants$7,620,659
VIII-1f All other contributions, gifts and grants$17,093,380
VIII-1g Noncash contributions (included above)$2,817,851
VIII-1h Total contributions, gifts and grants$24,714,039
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $104,635,453 · Unrelated business $32,753$104,668,206
VIII-3 Investment incomeUnrelated business −$1,088,841 · Excluded from tax $10,518,828$9,429,987
VIII-7 Net gain or loss on sales of assetsExcluded from tax $16,819,552$16,819,552
VIII-12 Total revenueRelated to mission $106,430,764 · Unrelated business −$1,056,088 · Excluded from tax $27,338,380$157,427,095
Part IX · Statement of functional expenses $154,717,208 across 23 lines filed
IX-1 Grants to domestic organizationsPrograms $165,042$165,042
IX-2 Grants to domestic individualsPrograms $50,164,013$50,164,013
IX-5 Pay of current officers, directors and key staffPrograms $817,209 · Management $3,464,652 · Fundraising $345,275$4,627,136
IX-6 Pay of disqualified personsPrograms $543,290 · Fundraising $97,593$640,883
IX-7 Other salaries and wagesPrograms $42,631,908 · Management $3,142,935 · Fundraising $3,519,045$49,293,888
IX-8 Pension plan contributionsPrograms $2,297,670 · Management $179,909 · Fundraising $204,205$2,681,784
IX-9 Other employee benefitsPrograms $6,743,818 · Management $988,586 · Fundraising $628,346$8,360,750
IX-10 Payroll taxesPrograms $2,993,857 · Management $483,426 · Fundraising $284,639$3,761,922
IX-11b Legal feesManagement $660,067$660,067
IX-11c Accounting feesManagement $148,973$148,973
IX-11f Investment management feesManagement $1,265,401$1,265,401
IX-11g Other fees for servicesPrograms $3,552,285 · Management $785,864 · Fundraising $169,200$4,507,349
IX-12 Advertising and promotionPrograms $17,043 · Management $14,751 · Fundraising $866$32,660
IX-13 Office expensesPrograms $2,807,950 · Management $165,800 · Fundraising $356,012$3,329,762
IX-14 Information technologyPrograms $2,013,088 · Management $349,402 · Fundraising $120,649$2,483,139
IX-16 OccupancyPrograms $3,091,012 · Management $940,102$4,031,114
IX-17 TravelPrograms $129,458 · Management $6,047 · Fundraising $308$135,813
IX-19 Conferences, conventions and meetingsPrograms $332,430 · Management $12,785 · Fundraising $1,342$346,557
IX-20 InterestPrograms $3,047,303 · Management $499,818$3,547,121
IX-22 Depreciation, depletion and amortizationPrograms $9,827,040 · Management $356,381 · Fundraising $112,092$10,295,513
IX-23 InsurancePrograms $85,687 · Management $517,604$603,291
IX-24 Other expenses (24a–d)Programs $2,749,211 · Management $63,379$2,812,590
IX-24e All other expensesPrograms $696,262 · Management $53,427 · Fundraising $72,751$822,440
IX-25 Total functional expensesPrograms $134,705,576 · Management $14,099,309 · Fundraising $5,912,323$154,717,208
Part X · Balance sheet $902,945,083 assets, 21 lines filed
Asset lines not itemized here account for $73,500; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $9,262,576$6,535,193
X-2 Savings and temporary cash investmentsStart of year $92,432,684$79,276,997
X-3 Pledges and grants receivableStart of year $9,589,633$10,765,648
X-4 Accounts receivableStart of year $644,661$451,099
X-8 Inventories for sale or useStart of year $704,706$652,679
X-9 Prepaid expenses and deferred chargesStart of year $358,533$788,343
X-10c Land, buildings and equipment, netStart of year $192,289,849$190,825,991
X-11 Publicly traded securitiesStart of year $315,096,689$387,156,350
X-12 Other securitiesStart of year $117,931,614$200,358,589
X-13 Program-related investmentsStart of year $19,559,873$17,476,013
X-15 Other assetsStart of year $7,565,520$8,584,681
X-16 Total assetsStart of year $765,509,838$902,945,083
X-17 Accounts payable and accrued expensesStart of year $18,423,169$17,492,754
X-19 Deferred revenueStart of year $2,139,569$4,910,896
X-20 Tax-exempt bond liabilitiesStart of year $32,300,000$30,440,000
X-25 Other liabilitiesStart of year $17,824,029$19,383,044
X-26 Total liabilitiesStart of year $139,373,574$140,390,830
X-27 Net assets without donor restrictionsStart of year $225,837,997$248,781,448
X-28 Net assets with donor restrictionsStart of year $400,298,267$513,772,805
X-32 Total net assets or fund balancesStart of year $626,136,264$762,554,253
X-33 Total liabilities and net assetsStart of year $765,509,838$902,945,083
Part XI · Reconciliation of net assets $762,554,253 net assets at year end
XI-1 Total revenue$157,427,095
XI-2 Total expenses$154,717,208
XI-3 Revenue less expenses$2,709,887
XI-4 Net assets at start of year$626,136,264
XI-5 Net unrealized gains (losses) on investments$134,112,720
XI-9 Other changes in net assets−$404,618
XI-10 Net assets at end of year$762,554,253

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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