Occidental College FY2023 filing

Tax-deductible

Los Angeles, CA501(c)(3)Since 1887Colleges & UniversitiesEIN 95-1667177Revenue $205.1M in FY2023

On file with the IRSoxy.edu1600 Campus Rd, 90041-3314 · Los Angeles, CATax-exempt since Nov 1934School — 170(b)(1)(A)(ii)

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501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$4.5M paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2023 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $21.7M a year · 11% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 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
$4.5M
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 7.4 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
$124.3M
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
41
of 43 voting members
Looks good: 41 of 43 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$205.1M
-6% vs prior year
Spent
$185.7M
To programs
87%
Net assets
$800.0M
By yearFY2020–FY2025
Revenue
$205.1M
FY2023▼ -6%
Tap a bar for its year
Revenue by fiscal year
FY2020$193.7M
FY2021$157.4M
FY2022$219.2M
FY2023$205.1M
FY2024$212.1M
FY2025$241.3M
Expenses
$185.7M
FY2023▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$178.4M
FY2021$154.7M
FY2022$178.4M
FY2023$185.7M
FY2024$193.1M
FY2025$208.3M
Net assets
$800.0M
FY2023▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$626.1M
FY2021$762.6M
FY2022$770.3M
FY2023$800.0M
FY2024$859.8M
FY2025$907.3M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. 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% · $160.8M Management & general 9% · $17.2M Fundraising 4% · $7.7M

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

60 people listed on the 990; $4.5M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President/Ex-Officio
$718,556Pt VII · Sec A
VP for Finance/COO/Treasurer
$445,686Pt VII · Sec A
VP for Institutional Advancement
$376,225Pt VII · Sec A
VP for Academic Affairs/ Dean of the College
$270,967Pt VII · Sec A
Former President, Professor
$269,571Pt VII · Sec A
Professor
$258,155Pt VII · Sec A
VP for Its and CIO
$246,126Pt VII · Sec A
Chief of Staff/ Secretary (eff 4/23)
$227,017Pt 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
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.

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Provided by the organization

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3 programs · $160.8M · in their own filed words · FY2022
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.

$110.0Mprogram 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.

$43.2Mprogram 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.

$7.6Mprogram expense

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 FY2023 990, line by line.

1The main four
Money inPt VIII
$205.1M
Ln 12
Fees for servicesLn 2g$150.8M
Investment incomeLn 3$29.2M
Gifts and grantsLn 1h$25.2M
Money outPt IX
$185.7M
Ln 25
Programscol B$160.8M
Managementcol C$17.2M
Fundraisingcol D$7.7M
Owns and owesPt X
$800.0M
net assets · Ln 32
Cash and savingsLn 1–2$114.7M
Total assetsLn 16$924.2M
LiabilitiesLn 26$124.3M
PeoplePt VI, VII
60
listed · VII A
PaidVII A17
Voting boardVI 1a43
IndependentVI 1b41
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$25.2M
Government grantsLn 1e$6.9M
Noncash giftsLn 1g$3.7M
Fees for servicesLn 2g$150.8M
Investment incomeLn 3$29.2M
Other incomeLn 4–11$28K
Gains on assetsLn 7$14.6M
Total revenueLn 12$205.1M
Assets in detailPt X, end of year
CashLn 1$5.8M
SavingsLn 2$108.9M
Cash and savings togetherLn 1–2$114.7M
InvestmentsLn 11–13$608.2M
Land, buildings, equipmentLn 10c$182.9M
Other assetsLn 15$6.9M
Total assetsLn 16$924.2M
LiabilitiesLn 26$124.3M
Net assetsLn 32$800.0M
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 FY23End FY23
Cash and savingsLn 1–2$110.9M$114.7M
InvestmentsLn 11–13$584.2M$608.2M
Land, buildings, equipmentLn 10c$187.3M$182.9M
Total assetsLn 16$901.0M$924.2M
LiabilitiesLn 26$130.6M$124.3M
Net assetsLn 32$770.3M$800.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.0M$1.0M
Grants to domestic individualsLn 2$49.6M$49.6M
Pay of current officers, directors and key staffLn 5$3.8M$871K$2.5M$333K
Pay of disqualified personsLn 6$223K$145K$78K
Other salaries and wagesLn 7$60.2M$51.8M$4.3M$4.1M
Pension plan contributionsLn 8$4.4M$3.7M$376K$320K
Other employee benefitsLn 9$9.7M$7.9M$1.1M$683K
Payroll taxesLn 10$4.4M$3.5M$543K$318K
Legal feesLn 11b$565K$565K
Accounting feesLn 11c$190K$190K
Investment management feesLn 11f$1.3M$1.3M
Other fees for servicesLn 11g$6.4M$4.9M$1.1M$373K
Advertising and promotionLn 12$172K$49K$121K$2K
Office expensesLn 13$5.7M$4.2M$683K$827K
Information technologyLn 14$3.2M$2.6M$492K$138K
OccupancyLn 16$5.9M$4.7M$1.2M
TravelLn 17$2.0M$1.8M$43K$165K
Conferences, conventions and meetingsLn 19$426K$360K$39K$26K
InterestLn 20$3.4M$2.9M$462K
Depreciation, depletion and amortizationLn 22$10.8M$10.3M$375K$95K
InsuranceLn 23$1.1M$62K$996K
Other expenses (24a–d)Ln 24$9.7M$9.6M$98K$5K
All other expensesLn 24e$1.7M$723K$612K$366K
Total functional expensesLn 25$185.7M$160.8M$17.2M$7.7M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $241.3M$208.3M$33.0M$907.3M 990 PDF
FY2024 $212.1M$193.1M$19.0M$859.8M 990 PDF
FY2023 Viewing $205.1M$185.7M$19.4M$800.0M 990 PDF
FY2022 $219.2M$178.4M$40.8M$770.3M 990 PDF
FY2021 $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 FY2023 990 (6 parts)
Part I · Summary $205,139,693 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $41,336,592$25,157,797
I-9 Program service revenuePrior year $144,429,410$150,788,633
I-10 Investment incomePrior year $33,391,242$29,165,340
I-11 Other revenuePrior year $0$27,923
I-12 Total revenuePrior year $219,157,244$205,139,693
I-13 Grants and similar amounts paidPrior year $51,385,831$50,663,063
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $78,003,309$82,660,960
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $48,988,843$52,389,190
I-18 Total expensesPrior year $178,377,983$185,713,213
I-19 Revenue less expensesPrior year $40,779,261$19,426,480
Part VI · Governance 41 of 43 board members independent, no flags
VI-1a Voting members of the governing body43
VI-1b Independent voting members41
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $205,139,693 across 9 lines filed
Lines not itemized here account for $2,927,259 of total revenue; see the IRS return.
VIII-1e Government grants$6,900,186
VIII-1f All other contributions, gifts and grants$18,257,611
VIII-1g Noncash contributions (included above)$3,667,110
VIII-1h Total contributions, gifts and grants$25,157,797
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $147,348,609 · Unrelated business $512,765$147,861,374
VIII-3 Investment incomeUnrelated business −$685,251 · Excluded from tax $15,231,852$14,546,601
VIII-6 Net rental income or lossExcluded from tax $27,923$27,923
VIII-7 Net gain or loss on sales of assetsExcluded from tax $14,618,739$14,618,739
VIII-12 Total revenueRelated to mission $150,225,187 · Unrelated business −$121,805 · Excluded from tax $29,878,514$205,139,693
Part IX · Statement of functional expenses $185,713,213 across 23 lines filed
IX-1 Grants to domestic organizationsPrograms $1,027,954$1,027,954
IX-2 Grants to domestic individualsPrograms $49,635,109$49,635,109
IX-5 Pay of current officers, directors and key staffPrograms $871,368 · Management $2,546,607 · Fundraising $333,038$3,751,013
IX-6 Pay of disqualified personsPrograms $145,180 · Management $77,730$222,910
IX-7 Other salaries and wagesPrograms $51,789,223 · Management $4,310,246 · Fundraising $4,051,101$60,150,570
IX-8 Pension plan contributionsPrograms $3,738,060 · Management $376,015 · Fundraising $320,175$4,434,250
IX-9 Other employee benefitsPrograms $7,945,045 · Management $1,084,103 · Fundraising $683,022$9,712,170
IX-10 Payroll taxesPrograms $3,529,486 · Management $542,935 · Fundraising $317,626$4,390,047
IX-11b Legal feesManagement $565,215$565,215
IX-11c Accounting feesManagement $190,370$190,370
IX-11f Investment management feesManagement $1,313,081$1,313,081
IX-11g Other fees for servicesPrograms $4,891,146 · Management $1,101,594 · Fundraising $373,160$6,365,900
IX-12 Advertising and promotionPrograms $49,212 · Management $120,943 · Fundraising $1,686$171,841
IX-13 Office expensesPrograms $4,186,559 · Management $682,748 · Fundraising $826,946$5,696,253
IX-14 Information technologyPrograms $2,571,383 · Management $492,352 · Fundraising $137,620$3,201,355
IX-16 OccupancyPrograms $4,701,064 · Management $1,159,166$5,860,230
IX-17 TravelPrograms $1,773,050 · Management $42,726 · Fundraising $164,533$1,980,309
IX-19 Conferences, conventions and meetingsPrograms $360,397 · Management $39,496 · Fundraising $26,215$426,108
IX-20 InterestPrograms $2,917,342 · Management $461,746$3,379,088
IX-22 Depreciation, depletion and amortizationPrograms $10,321,059 · Management $374,568 · Fundraising $94,717$10,790,344
IX-23 InsurancePrograms $62,308 · Management $995,957$1,058,265
IX-24 Other expenses (24a–d)Programs $9,586,455 · Management $98,411 · Fundraising $5,019$9,689,885
IX-24e All other expensesPrograms $722,521 · Management $612,049 · Fundraising $366,376$1,700,946
IX-25 Total functional expensesPrograms $160,823,921 · Management $17,188,058 · Fundraising $7,701,234$185,713,213
Part X · Balance sheet $924,234,652 assets, 21 lines filed
Asset lines not itemized here account for $71,997; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $13,281,973$5,810,732
X-2 Savings and temporary cash investmentsStart of year $97,597,055$108,851,417
X-3 Pledges and grants receivableStart of year $10,600,384$9,377,233
X-4 Accounts receivableStart of year $725,123$590,865
X-8 Inventories for sale or useStart of year $737,157$783,133
X-9 Prepaid expenses and deferred chargesStart of year $564,717$794,115
X-10c Land, buildings and equipment, netStart of year $187,266,589$182,909,307
X-11 Publicly traded securitiesStart of year $345,238,413$372,814,435
X-12 Other securitiesStart of year $222,927,456$220,818,805
X-13 Program-related investmentsStart of year $16,036,664$14,558,356
X-15 Other assetsStart of year $5,903,898$6,854,257
X-16 Total assetsStart of year $900,952,929$924,234,652
X-17 Accounts payable and accrued expensesStart of year $15,246,076$11,468,915
X-19 Deferred revenueStart of year $2,998,998$3,284,633
X-20 Tax-exempt bond liabilitiesStart of year $28,510,000$26,490,000
X-25 Other liabilitiesStart of year $16,289,016$15,981,784
X-26 Total liabilitiesStart of year $130,609,585$124,278,873
X-27 Net assets without donor restrictionsStart of year $258,235,808$275,333,179
X-28 Net assets with donor restrictionsStart of year $512,107,536$524,622,600
X-32 Total net assets or fund balancesStart of year $770,343,344$799,955,779
X-33 Total liabilities and net assetsStart of year $900,952,929$924,234,652
Part XI · Reconciliation of net assets $799,955,779 net assets at year end
XI-1 Total revenue$205,139,693
XI-2 Total expenses$185,713,213
XI-3 Revenue less expenses$19,426,480
XI-4 Net assets at start of year$770,343,344
XI-5 Net unrealized gains (losses) on investments$10,028,627
XI-9 Other changes in net assets$157,328
XI-10 Net assets at end of year$799,955,779

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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