Pitzer College is an educational institution focusing on undergraduate education.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
$4.3M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · 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 $5.1M a year · 5% 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
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$4.3M
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
4 mo
of spending, in cash
Plus $231.5M in investments, Pt X · Ln 11–13
Looks good: 4.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $11K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$99.9M
27% of total assets
Looks good: liabilities are 27% of assets; 50% or less.
Pt X · Ln 26
Independent board members
31
of 33 voting members
Looks good: 31 of 33 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$108.5M
+5% vs prior year
Spent
$106.7M
To programs
86%
Net assets
$271.0M
By yearFY2020–FY2025
Revenue
$108.5M
FY2024▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$87.2M
FY2021$62.3M
FY2022$100.5M
FY2023$103.0M
FY2024$108.5M
FY2025$113.6M
Expenses
$106.7M
FY2024▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$78.9M
FY2021$59.9M
FY2022$87.8M
FY2023$98.9M
FY2024$106.7M
FY2025$112.1M
Net assets
$271.0M
FY2024▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$211.5M
FY2021$249.1M
FY2022$246.8M
FY2023$254.9M
FY2024$271.0M
FY2025$287.5M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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 Oct 1964.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $91.8M Management & general 12% · $13.3M Fundraising 2% · $1.6M

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

48 people listed on the 990; $4.3M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Professor/Faculty (thru 06/23)
$444,325Pt VII · Sec A
Professor/Faculty
$387,649Pt VII · Sec A
COO, VP and Treasurer
$368,527Pt VII · Sec A
Professor/Faculty (thru 06/23)
$345,724Pt VII · Sec A
Trustee/Interim Pres (thru 06/23)
$339,023Pt VII · Sec A
Affairs/Dean of Faculty
$297,212Pt VII · Sec A
$283,571Pt VII · Sec A
Professor/Faculty (thru 06/23)
$273,585Pt VII · Sec A

Strom C Thacker’s $532K as President is at the 43rd 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
Melvin L Oliver——$498,701$546,923$501,427—
Strom C Thacker$531,615$283,571————
Melvin L Oliver PHD—————$507,009
Al Wachtel—$444,325$403,445$191,393$190,703$192,043
Sharon N Snowiss$419,921$387,649————
Nigel J Boyle$395,269—————
Laura Schaefer$377,612$368,527$362,106———
Paul Faulstitch——$312,592$373,903——

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

Programs and updates

Provides an academically rigorous, interdisciplinary undergraduate liberal arts education that emphasizes social justice, intercultural understanding, and environmental sensitivity.

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Provided by the organization

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1 program · $91.8M · in their own filed words · FY2023
01

Pitzer College is an educational institution focusing on undergraduate education. The undergraduate full time equivalent enrollment for the year was 1,135 students. Pitzer College produces engaged socially responsible citizens of the world through an academically rigorous, interdisciplinary liberal arts education, emphasizing social…

$91.8Mprogram 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
Total grants receivedfrom 2 funders$11K
Grants paid · 33 grants · $104.6M · 2019–2024
Unitemized GrantFY2024$18,403,149
Unitemized GrantFY2024$454,402
Unitemized GrantFY2024$231,135
Unitemized GrantFY2024$90,000
Unitemized GrantFY2024$23,346
Unitemized GrantFY2023$19,398,097
Unitemized GrantFY2023$231,135
Unitemized GrantFY2023$145,453
Unitemized GrantFY2023$40,000
Unitemized GrantFY2022$16,965,051
Unitemized GrantFY2022$231,135
Unitemized GrantFY2022$191,369
Unitemized GrantFY2022$40,000
Unitemized GrantFY2021$16,515,443
Unitemized GrantFY2021$825,236
Unitemized GrantFY2021$231,135
Unitemized GrantFY2021$161,036
Unitemized GrantFY2021$20,000
See all 33 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$108.5M
Ln 12
Fees for servicesLn 2g$95.3M
Investment incomeLn 3$7.9M
Gifts and grantsLn 1h$4.9M
Money outPt IX
$106.7M
Ln 25
Programscol B$91.8M
Managementcol C$13.3M
Fundraisingcol D$1.6M
Owns and owesPt X
$271.0M
net assets · Ln 32
Cash and savingsLn 1–2$36.7M
Total assetsLn 16$370.9M
LiabilitiesLn 26$99.9M
PeoplePt VI, VII
48
listed · VII A
PaidVII A16
Voting boardVI 1a33
IndependentVI 1b31
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.9M
Government grantsLn 1e$173K
Noncash giftsLn 1g$237K
Fees for servicesLn 2g$95.3M
Investment incomeLn 3$7.9M
Other incomeLn 4–11$331K
Gains on assetsLn 7$2.4M
Total revenueLn 12$108.5M
Assets in detailPt X, end of year
CashLn 1$6.5M
SavingsLn 2$30.1M
Cash and savings togetherLn 1–2$36.7M
InvestmentsLn 11–13$231.5M
Land, buildings, equipmentLn 10c$90.3M
Other assetsLn 15$6.3M
Total assetsLn 16$370.9M
LiabilitiesLn 26$99.9M
Net assetsLn 32$271.0M
OperationsPt I, VI
EmployeesI 51,222
VolunteersI 6136
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 FY24End FY24
Cash and savingsLn 1–2$43.2M$36.7M
InvestmentsLn 11–13$209.2M$231.5M
Land, buildings, equipmentLn 10c$91.7M$90.3M
Total assetsLn 16$359.2M$370.9M
LiabilitiesLn 26$104.2M$99.9M
Net assetsLn 32$254.9M$271.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$19.8M$19.8M
Grants and assistance to foreign recipientsLn 3$1.8M$1.8M
Pay of current officers, directors and key staffLn 5$2.6M$1.1M$1.3M$240K
Pay of disqualified personsLn 6$402K$402K
Other salaries and wagesLn 7$30.5M$27.0M$2.6M$850K
Pension plan contributionsLn 8$3.4M$3.0M$319K$93K
Other employee benefitsLn 9$4.5M$4.0M$431K$120K
Payroll taxesLn 10$2.3M$2.0M$269K$71K
Management feesLn 11a$26K$26K$844
Legal feesLn 11b$723K$28K$695K
Accounting feesLn 11c$311K$8K$304K
Investment management feesLn 11f$327K$327K
Other fees for servicesLn 11g$3.7M$3.3M$316K$111K
Advertising and promotionLn 12$227K$157K$61K$9K
Office expensesLn 13$1.3M$952K$353K$40K
Information technologyLn 14$1.3M$721K$520K$57K
OccupancyLn 16$4.8M$4.6M$163K$1K
TravelLn 17$1.7M$1.6M$101K$19K
Conferences, conventions and meetingsLn 19$943K$701K$232K$9K
InterestLn 20$2.3M$2.2M$76K
Payments to affiliatesLn 21$219K$91K$120K$9K
Depreciation, depletion and amortizationLn 22$5.0M$4.7M$250K
InsuranceLn 23$660K$13K$647K$31
Other expenses (24a–d)Ln 24$17.2M$13.2M$4.1M$113
All other expensesLn 24e$523K$436K$85K$1K
Total functional expensesLn 25$106.7M$91.8M$13.3M$1.6M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $113.6M$112.1M$1.5M$287.5M 990 PDF
FY2024 Viewing $108.5M$106.7M$1.8M$271.0M 990 PDF
FY2023 $103.0M$98.9M$4.1M$254.9M 990 PDF
FY2022 $100.5M$87.8M$12.6M$246.8M 990 PDF
FY2021 $62.3M$59.9M$2.4M$249.1M 990 PDF
FY2020 $87.2M$78.9M$8.3M$211.5M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign M · Noncash J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $108,539,452 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,522,591$4,942,347
I-9 Program service revenuePrior year $91,550,149$95,331,021
I-10 Investment incomePrior year $6,032,953$7,934,771
I-11 Other revenuePrior year $870,735$331,313
I-12 Total revenuePrior year $102,976,428$108,539,452
I-13 Grants and similar amounts paidPrior year $19,598,838$21,599,165
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $39,776,097$43,833,862
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $39,502,269$41,287,055
I-18 Total expensesPrior year $98,877,204$106,720,082
I-19 Revenue less expensesPrior year $4,099,224$1,819,370
Part VI · Governance 31 of 33 board members independent, no flags
VI-1a Voting members of the governing body33
VI-1b Independent voting members31
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 $108,539,452 across 10 lines filed
VIII-1e Government grants$173,351
VIII-1f All other contributions, gifts and grants$4,768,996
VIII-1g Noncash contributions (included above)$237,182
VIII-1h Total contributions, gifts and grants$4,942,347
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $95,263,116 · Excluded from tax $67,905$95,331,021
VIII-3 Investment incomeUnrelated business $140,862 · Excluded from tax $5,355,788$5,496,650
VIII-6 Net rental income or lossExcluded from tax $7,048$7,048
VIII-7 Net gain or loss on sales of assetsUnrelated business $68,548 · Excluded from tax $2,369,573$2,438,121
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $324,265$324,265
VIII-12 Total revenueRelated to mission $95,263,116 · Unrelated business $209,410 · Excluded from tax $8,124,579$108,539,452
Part IX · Statement of functional expenses $106,720,082 across 25 lines filed
IX-2 Grants to domestic individualsPrograms $19,814,685$19,814,685
IX-3 Grants and assistance to foreign recipientsPrograms $1,784,480$1,784,480
IX-5 Pay of current officers, directors and key staffPrograms $1,097,657 · Management $1,309,906 · Fundraising $239,756$2,647,319
IX-6 Pay of disqualified personsPrograms $402,104$402,104
IX-7 Other salaries and wagesPrograms $27,022,813 · Management $2,647,771 · Fundraising $850,280$30,520,864
IX-8 Pension plan contributionsPrograms $3,031,491 · Management $318,779 · Fundraising $93,070$3,443,340
IX-9 Other employee benefitsPrograms $3,969,979 · Management $430,786 · Fundraising $120,406$4,521,171
IX-10 Payroll taxesPrograms $1,959,131 · Management $268,519 · Fundraising $71,414$2,299,064
IX-11a Management feesPrograms $25,536 · Management $844$26,380
IX-11b Legal feesPrograms $28,380 · Management $694,912$723,292
IX-11c Accounting feesPrograms $7,972 · Management $303,524$311,496
IX-11f Investment management feesManagement $326,807$326,807
IX-11g Other fees for servicesPrograms $3,292,389 · Management $316,368 · Fundraising $110,745$3,719,502
IX-12 Advertising and promotionPrograms $156,723 · Management $60,937 · Fundraising $9,185$226,845
IX-13 Office expensesPrograms $951,682 · Management $353,331 · Fundraising $39,621$1,344,634
IX-14 Information technologyPrograms $721,379 · Management $520,186 · Fundraising $57,325$1,298,890
IX-16 OccupancyPrograms $4,616,076 · Management $163,326 · Fundraising $1,446$4,780,848
IX-17 TravelPrograms $1,594,782 · Management $101,245 · Fundraising $19,398$1,715,425
IX-19 Conferences, conventions and meetingsPrograms $701,236 · Management $232,182 · Fundraising $9,142$942,560
IX-20 InterestPrograms $2,191,690 · Management $76,451$2,268,141
IX-21 Payments to affiliatesPrograms $90,638 · Management $120,173 · Fundraising $8,593$219,404
IX-22 Depreciation, depletion and amortizationPrograms $4,745,506 · Management $249,555$4,995,061
IX-23 InsurancePrograms $13,250 · Management $647,097 · Fundraising $31$660,378
IX-24 Other expenses (24a–d)Programs $13,154,426 · Management $4,050,168 · Fundraising $113$17,204,707
IX-24e All other expensesPrograms $436,041 · Management $85,266 · Fundraising $1,378$522,685
IX-25 Total functional expensesPrograms $91,810,046 · Management $13,278,133 · Fundraising $1,631,903$106,720,082
Part X · Balance sheet $370,941,078 assets, 21 lines filed
Asset lines not itemized here account for $65,105; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $1,320,472$6,530,488
X-2 Savings and temporary cash investmentsStart of year $41,883,632$30,135,882
X-3 Pledges and grants receivableStart of year $1,785,093$1,958,104
X-4 Accounts receivableStart of year $4,127,925$2,852,170
X-9 Prepaid expenses and deferred chargesStart of year $1,081,404$1,234,714
X-10c Land, buildings and equipment, netStart of year $91,745,569$90,332,978
X-11 Publicly traded securitiesStart of year $150,525,511$172,767,425
X-12 Other securitiesStart of year $57,590,185$41,631,482
X-13 Program-related investmentsStart of year $1,053,142$17,117,478
X-15 Other assetsStart of year $7,953,475$6,315,252
X-16 Total assetsStart of year $359,153,891$370,941,078
X-17 Accounts payable and accrued expensesStart of year $4,077,595$4,433,778
X-19 Deferred revenueStart of year $1,067,686$1,030,740
X-20 Tax-exempt bond liabilitiesStart of year $86,288,200$83,696,614
X-24 Unsecured notes and loans payableStart of year $5,936,443$4,084,642
X-25 Other liabilitiesStart of year $6,874,443$6,701,812
X-26 Total liabilitiesStart of year $104,244,367$99,947,586
X-27 Net assets without donor restrictionsStart of year $170,136,418$180,306,879
X-28 Net assets with donor restrictionsStart of year $84,773,106$90,686,613
X-32 Total net assets or fund balancesStart of year $254,909,524$270,993,492
X-33 Total liabilities and net assetsStart of year $359,153,891$370,941,078
Part XI · Reconciliation of net assets $270,993,492 net assets at year end
XI-1 Total revenue$108,539,452
XI-2 Total expenses$106,720,082
XI-3 Revenue less expenses$1,819,370
XI-4 Net assets at start of year$254,909,524
XI-5 Net unrealized gains (losses) on investments$14,996,406
XI-9 Other changes in net assets−$731,808
XI-10 Net assets at end of year$270,993,492

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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