2023-04-21T07:37:58-05:00 2022-06-30 221478099 COHNREZNICK LLP 101 CRAWFORDS CORNER ROAD SUITE 2316 HOLMDEL NJ 07733 990 2021-07-01 132998164 LAW SCHOOL ADMISSION COUNCIL C/O KELLYE TESTY LAWS 2159681298 662 PENN STREET NEWTOWN PA 18940 KELLYE TESTY CHIEF EXECUTIVE OFFICER 2159681298 2023-04-20 1 KELLYE TESTY 999009999 LORI ROTHE YOKOBOSKY CPA P01273422 7325780700 2023-04-11 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z ANA TAVARES 662 PENN STREET NEWTOWN PA 18940 263014221 0 X WWW.LSAC.ORG X 1979 PA LSAC WAS FORMED TO CONSTRUCT, ADMINISTER & REPORT SCORES FOR ADMISSION TO LAW SCHOOLS, CONDUCT EDUCATIONAL RESEARCH, AND PROVIDE SERVICES TO LAW SCHOOLS & EDUCATIONAL COMMUNITY. 23 22 419 22 301225 32039 5393900 199000 87684482 74774383 28988878 5800939 9180968 10849989 131248228 91624311 1190147 1164656 0 0 44152132 49597564 0 0 0 46604581 49807098 91946860 100569318 39301368 -8945007 309470360 279160509 38953911 33969445 270516449 245191064 X LSAC IS A NOT-FOR-PROFIT ORGANIZATION WHOSE MISSION IS TO ADVANCE LAW AND JUSTICE BY ENCOURAGING DIVERSE, TALENTED INDIVIDUALS TO STUDY LAW AND BY SUPPORTING THEIR ENROLLMENT AND LEARNING JOURNEYS FROM PRELAW THROUGH PRACTICE. LSAC PROVIDES PRODUCTS AND SERVICES THAT SUPPORT CANDIDATES AND SCHOOLS THROUGHOUT THE LAW SCHOOL ADMISSION PROCESS, AND INNOVATIVE SOLUTIONS TO EXPAND AND DIVERSIFY THE RANGE OF PRELAW STUDENTS, ENHANCE STUDENT OUTCOMES IN LAW SCHOOL, AND SUPPORT LEGAL PROFESSIONALS THROUGHOUT THEIR CAREERS. 1 0 64214995 914656 74909090 ADMINISTERED 128,893 LAW SCHOOL ADMISSION TESTS (LSAT). PROVIDED THE LAW SCHOOL CREDENTIAL ASSEMBLY SERVICE (CAS) FOR 48,652 CANDIDATES. PREPARED AND SENT 463,990 REPORTS TO LAW SCHOOLS ON BEHALF OF CANDIDATES, CONDUCTED EDUCATIONAL RESEARCH FOR THE LEGAL COMMUNITY. 3982877 481845 HELD 8 IN-PERSON AND 3 DIGITAL NATIONAL LAW SCHOOL FORUMS TO ACQUAINT STUDENTS WITH THEIR LEGAL EDUCATION ALTERNATIVES. HELD VARIOUS TRAINING AND EDUCATION PROGRAMS FOR MEMBER LAW SCHOOL ADMISSION PROFESSIONALS. LAW SCHOOL TRANSPARENCY (LST) HELPS PRELAW STUDENTS MAKE STRATEGIC CHOICES ABOUT WHERE TO ATTEND LAW SCHOOL. THERE WERE 166 NEW SUBSCRIBERS. 7491705 250000 2000 CONDUCTED PROGRAM AND RESEARCH IN ADVANCEMENT OF UNDERREPRESENTED INDIVIDUALS IN LEGAL EDUCATION. 9306804 10234367 DEVELOPED AND MAINTAINED LAW SCHOOL ADMISSIONS LSAC SOFTWARE FOR 104 (45 NEW FOR FY22) LAW SCHOOLS. PROVIDED ONLINE TEST PREP TO 62,223 NEW SUBSCRIBERS THROUGH LAWHUB. LEARN SKILLS THAT WILL HELP YOU SUCCEED FROM EXPERTS ACROSS THE PROFESSION VIA THE MODERN LAW PRACTICE (MLP). THERE WERE 136 NEW ENROLLMENTS. 9306804 10234367 84996381 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 129 0 1 419 1 1 1 1 IN 0 0 0 0 0 0 0 0 0 0 X 23 22 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X ANA TAVARES 2159681298 662 PENN STREET NEWTOWN PA 18940 ANGELA ONWUACHI-WILLIG TRUSTEE 1.50 X 0 0 0 ANN PERRY TRUSTEE 1.50 X 0 0 0 CHRISTINA GAPASIN TORTAL COUNCIL SECRETARY 1.50 X 0 0 0 DANIELLE HOLLEY APPOINTEE-AT-LARGE 1.50 X 0 0 0 DAVID KIRSCHNER EMERGING MARKETS CHAIR 1.50 X 0 0 0 DONALD TOBIN TRUSTEE 1.50 X 0 0 0 ELIZABETH KRONK WARNER APPOINTEE-AT-LARGE 1.50 X 0 0 0 GARRY JENKINS INVESTMENTS CHAIR 1.50 X 0 0 0 JOHN WHITE 2021-CHAIR; GOVERNANCE & TRUSTEESHIP CHAIR 1.50 X X 0 0 0 JUSTIN CRUZ TRUSTEE 1.50 X 0 0 0 KATRIN HUSSMANN SCHROLL SCHOOLS & CANDIDATES CHAIR 1.50 X 0 0 0 KELLYE TESTY PRESIDENT AND CEO 37.50 X X 838666 0 26607 KERRY ABRAMS TRUSTEE 1.50 X 0 0 0 KRISTEN THEIS-ALVARES DEI CHAIR 1.50 X 0 0 0 MARCILYNN BURKE CHAIR-ELECT (JUNE 2022) 1.50 X 0 0 0 MEGAN CARPENTER TRUSTEE 1.50 X 0 0 0 MICHAEL STATES ASSESSMENTS CHAIR 1.50 X 0 0 0 MONICA INGRAM TRUSTEE 1.50 X 0 0 0 MYA RIMON CLASSI REP 1.50 X 0 0 0 PAUL PATON AUDIT CHAIR; EXECUTIVE COMPENSATION CHAIR 1.50 X 0 0 0 REBECCA SCHELLER TRUSTEE 1.50 X 0 0 0 REYNALDO VALENCIA TRUSTEE 1.50 X 0 0 0 TAMARA LAWSON FINANCE & BUDGET CHAIR 1.50 X 0 0 0 ANA TAVARES CHIEF FINANCIAL OFFICER 37.50 X 226873 0 24929 ANNMARIE LEVINS CHIEF STRATEGY OFFICER 37.50 X 431468 0 49883 LEANNE M SHANK GENERAL COUNSEL AND CORPOR 37.50 X 400262 0 32857 SUSAN KRINSKY CHIEF OF STAFF 37.50 X 426164 0 34146 TROY LOWRY SR. V.P. OF TECHNOLOGY PRODUCTS AND CHIEF INFORMAT 37.50 X 375989 0 47174 VIVIAN BOWDEN SENIOR VICE PRESIDENT OF S 37.50 X 358973 0 33424 3058395 0 249020 16 0 1 0 PROCTORU INC 3687 OLD SANTA RITA RD PLEASANTON CA 94588 REMOTE TEST PROCTORING SERVICES 9690610 MICROSOFT CORPORATION ONE MICROSOFT WAY REDMOND WA 98052 CONSULITNG 4283253 BELL TECHLOGIX 4400 W 96TH STREET INDIANAPOLIS IN 46268 AZURE CONSUMPTION 2262393 ACS LEARNING INC 400 WOODCREST RD WAYNE PA 19087 CONSULTING SERVICES-UNITE 1465914 CAPGEMINI AMERICA INC 79 5TH AVE 300 NEW YORK NY 10003 CONSULTING SERVICES-UNITE 1354841 34 199000 199000 ADMISSION FEES : LSAT 611710 40127803 40127803 ADMISSION FEES : CAS 611710 31335192 31335192 FOREIGN LLM 611710 2058240 2058240 DATA SERVICE FEES 611710 771303 771303 FORUM AND WORKSHOP FEES 611710 387120 387120 94725 94725 74774383 994284 301225 693059 5501 8431 -2930 -2930 -2930 175825006 139622 170889892 268081 4935114 -128459 4806655 4806655 9841591 223506 9618085 9618085 APPLICATION PROCESSING FEES 611710 618552 618552 LICENSING FEE 611710 616282 616282 1234834 91624311 85627302 301225 5496784 X 1164656 1164656 1270670 1040169 230501 36002976 29471995 6530981 2638756 2160083 478673 7125590 5833000 1292590 2559572 2095263 464309 257026 210401 46625 332469 332469 554209 554209 10490946 8445362 2045584 73641 60282 13359 3440162 3244869 195293 5041445 4126921 914524 652783 534367 118416 2247892 1840122 407770 334547 273860 60687 55578 55578 7311190 5984932 1326258 612869 501694 111175 TEST ADMINISTRATION 8867295 8867295 FEE WAIVER 7349791 7349791 REPAIRS & MAINTENANCE 1170886 958486 212400 DUES & SUBSCRIPTION 313426 256570 56856 700943 576263 124680 100569318 84996381 15572937 0 1816098 2767860 14852596 17727846 2248663 2284202 90931 166460 1906199 2135687 49402589 37491454 11410365 11911135 37482636 21380400 217460845 197110750 22145758 23216288 56269 459881 309470360 279160509 5725246 7974877 16195550 14967443 1037250 47015 15995865 10980110 38953911 33969445 X 270516449 245191064 270516449 245191064 309470360 279160509 X -8945007 -22908900 6528522 X X 0 1 X 1 0 X 5393900 199000 5592900 63017640 69817820 68654515 94923067 84615974 381029016 63017640 69817820 68654515 100316967 84814974 386621916 0 0 0 386621916 1113921 1218357 721950 997870 698560 4750658 1113921 1218357 721950 997870 698560 4750658 28552 36559 65111 5381756 5884482 4912845 2139296 1234834 19553213 69541869 76920659 74289310 103454133 86784927 410990898 0.94070 0.91180 0.01160 0.01400 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: LICENSING FEE - 2017 AMOUNT: $ 4,375,072. 2018 AMOUNT: $ 4,991,807. 2019 AMOUNT: $ 3,822,270. 2020 AMOUNT: $ 530,979. 2021 AMOUNT: $ 616,282. APPLICATION PROCESSING FEES - 2017 AMOUNT: $ 1,006,684. 2018 AMOUNT: $ 892,675. 2019 AMOUNT: $ 1,090,575. 2020 AMOUNT: $ 1,608,317. 2021 AMOUNT: $ 618,552. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 871219 871219 23720809 15748957 7971852 8486668 7160909 1325759 16323893 14581588 1742305 11911135 HEDGE FUNDS 71127729 F INTERNATIONAL EQUITY FUNDS 48499133 F US EQUITY FUNDS 30854801 F PRIVATE EQUITY FUNDS 27879380 F FIXED INCOME FUNDS 17969707 F LSAG INDIA 780000 F 197110750 ACCRUED POSTRETIREMENT BENEFIT 10980110 10980110 X 67684205 -22908900 -708932 -23617832 91302037 554211 -231937 322274 91624311 93394372 729056 729056 92665316 554211 7349791 7904002 100569318 PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT AS OF JUNE 30, 2022 AND 2021, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE THE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION RECOGNIZES ACCRUED INTEREST OR PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS, IF ANY. THERE WERE NO INCOME-TAX RELATED INTEREST OR PENALTIES RECORDED FOR THE YEARS ENDED JUNE 30, 2022 AND 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: POSTRETIREMENT BENEFITS 6,528,528. RELATED ORGANIZATION REVENUE 112,331. FEE WAIVER -7,349,791. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASSIFIED RENTAL EXPENSES -8,431. RECLASSIFIED COGS -223,506. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASSIFIED RENTAL EXPENSES 8,431. RECLASSIFIED COGS 223,506. RELATED ORGANIZATION EXPENSES 497,119. PART XII, LINE 4B - OTHER ADJUSTMENTS: FEE WAIVER 7,349,791. 0 EAST ASIA AND THE PACIFIC 1 4 PROGRAM SERVICES ADMINISTER TEST 504757 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES ADMINISTER TEST 19124 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES ADMINISTER TEST 125 NORTH AMERICA 0 0 PROGRAM SERVICES ADMINISTER TEST 906871 SOUTH ASIA 0 0 PROGRAM SERVICES ADMINISTER TEST 349385 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES ADMINISTER TEST 123 1 4 0 0 1 4 1780385 0 1780385 1 0 0 0 1 0 PART III ACCOUNTING METHOD: SCHEDULE F, PART 1, LINE 2 GRANTS FOR MORE THAN $5,000 ARE INITIALLY REVIEWED BY SPECIAL LSAC SUB-COMMITTEES, IF APPLICABLE AND ARE THEN REFERRED TO THE DESIGNATED LSAC STANDING COMMITTEE - DIVERSITY INITIATIVES, TEST DEVELOPMENT & RESEARCH (TD&R), OR SERVICES & PROGRAMS (S&P). THE COMMITTEES REVIEW AND DISCUSS GRANT REQUESTS AND MAKE RECOMMENDATIONS TO THE LSAC BOARD OF TRUSTEES FOR FINAL APPROVAL. THE LSAC BOARD HAS THE OPPORTUNITY TO DISCUSS THE GRANT REQUESTS FURTHER PRIOR TO THEIR APPROVAL. UPON APPROVAL, A CONTRACT IS DRAWN UP WHICH STATES THE TERMS AND CONDITIONS OF THE GRANT, INCLUDED DELIVERABLES AND PAYMENT SCHEDULES. THE ACTUAL PAYMENTS ARE MADE BASED UPON THE GRANTEE MEETING THE STATED TERMS OF THE CONTRACT. AN INDIVIDUAL AT LSAC IS DESIGNATED TO FOLLOW UP TO ENSURE THAT THE TERMS OF EACH GRANT CONTRACT ARE MET. 1 AMERICAN INDIAN LAW CENTER PO BOX 4456 ALBUQUERQUE NM 87196 850250024 501(3) 75000 0 DIVERSITY FUND COUNCIL ON LEGAL EDUCATION OPPORTUNITY INC 1101 MERCANTILE LN LARGO MD 20774 454462410 501(3) 40000 0 DIVERSITY FUND ST JOHN'S UNIV LAW SCHOOL 8000 UTOPIA PKWY QUEENS NY 11439 111630830 501(3) 10100 0 DIVERSITY FUND THE UNIVERSITY OF MEMPHIS 101 WILDER TOWER MEMPHIS TN 38152 626048540 501(3) 69000 0 DIVERSITY FUND UNIVERSITY OF AKRON 150 UNIVERSITY AVE AKRON OH 44325 346575496 501(3) 13892 0 DIVERSITY FUND UNIVERSITY OF HOUSTON 4604 CALHOUN RD HOUSTON TX 77204 741732551 501(3) 6984 0 DIVERSITY FUND UNIVERSITY OF OREGON 1585 E 13TH AVE EUGENE OR 97403 464727800 501(3) 63617 0 DIVERSITY FUND UNIVERSITY OF PUERTO RICO 14 AVE UNIVERSIDAD STE 1401 SAN JUAN PR 00925 660277132 501(3) 85171 0 DIVERSITY FUND SEATTLE UNIVERSITY 1301 2ND AVE SEATTLE WA 98122 910565006 501(3) 60000 0 DIVERSITY FUND THE ADMINISTRATORS OF THE TULANE EDUCATIONAL FUND 1430 TULANE AVE BOX 8509 NEW ORLEANS LA 70112 726034234 501(3) 60000 0 DIVERSITY FUND NORTH CAROLINA CENTRAL UNIVERSITY 1801 FAYETTEVILLE ST DURHAM NC 27707 582034971 501(3) 60000 0 DIVERSITY FUND BOSTON UNIVERSITY 233 BAY STATE ROAD BOSTON MA 02215 043218267 501(3) 60000 0 DIVERSITY FUND ANTIRACIST DEVELOPMENT INSTITUTE 150 SOUTH COLLEGE STREET CARLISLE PA 17013 363986900 501(3) 250000 0 DIVERSITY FUND DILLARD UNIVERSITY 2601 GENTILLY BLVD NEW ORLEANS LA 70122 720408929 501(3) 8000 0 DIVERSITY FUND YOUTH JUSTICE ALLIANCE 6105 SIERRA ARBOR CT AUSTIN TX 78704 861221018 501(3) 8000 0 DIVERSITY FUND UNIVERSITY OF DENVER 2199 S UNIVERSITY BLVD DENVER CO 80208 840404231 501(3) 6500 0 DIVERSITY FUND THOMPSON RIVERS UNIVERSITY PO BOX 537 GEORGETOWN KY 40324 254544713 501(3) 8000 0 DIVERSITY FUND STREET LAW 1010 WAYNE AVENUE SUITE 860 SILVER SPRING MD 20910 522015256 501(3) 20000 0 DIVERSITY FUND JUST THE BEGINNING 70 WEST MADISON STREET SUITE 2900 CHICAGO IL 60602 132998164 501(3) 8000 0 DIVERSITY FUND 11 PART I, LINE 2: GRANTS FOR MORE THAN $5,000 ARE INITIALLY REVIEWED BY SPECIAL LSAC SUB-COMMITTEES, IF APPLICABLE AND ARE THEN REFERRED TO THE DESIGNATED LSAC STANDING COMMITTEE - DIVERSITY INITIATIVES, TEST DEVELOPMENT & RESEARCH (TD&R), OR SERVICES & PROGRAMS (S&P). THE COMMITTEES REVIEW AND DISCUSS GRANT REQUESTS AND MAKE RECOMMENDATIONS TO THE LSAC BOARD OF TRUSTEES FOR FINAL APPROVAL. THE LSAC BOARD HAS THE OPPORTUNITY TO DISCUSS THE GRANT REQUESTS FURTHER PRIOR TO THEIR APPROVAL. UPON APPROVAL A CONTRACT IS DRAWN UP WHICH STATES THE TERMS AND CONDITIONS OF THE GRANT, INCLUDING DELIVERABLES AND PAYMENT SCHEDULES. THE ACTUAL PAYMENTS ARE MADE BASED UPON THE GRANTEE MEETING THE STATED TERMS OF THE CONTRACT. AN INDIVIDUAL AT LSAC IS DESIGNATED TO FOLLOW UP TO ENSURE THAT THE TERMS OF THE GRANT CONTRACT ARE MET. X X X X 1 1 X X X X 0 0 0 0 0 0 0 1 0 KELLYE TESTY PRESIDENT AND CEO 794972 0 38150 0 5544 0 26100 0 507 0 865273 0 0 0 ANNMARIE LEVINS CHIEF STRATEGY OFFICER 405800 0 15000 0 10668 0 26100 0 23783 0 481351 0 0 0 SUSAN KRINSKY CHIEF OF STAFF 403496 0 12000 0 10668 0 25775 0 8371 0 460310 0 0 0 LEANNE M SHANK GENERAL COUNSEL AND CORPOR 377594 0 12000 0 10668 0 24200 0 8657 0 433119 0 0 0 TROY LOWRY SR. V.P. OF TECHNOLOGY PRODUCTS AND 363557 0 10500 0 1932 0 23118 0 24056 0 423163 0 0 0 VIVIAN BOWDEN SENIOR VICE PRESIDENT OF S 344421 0 9008 0 5544 0 21467 0 11957 0 392397 0 0 0 ANA TAVARES CHIEF FINANCIAL OFFICER 201348 0 25000 0 525 0 13125 0 11804 0 251802 0 0 0 PART I, LINE 1A AS OF EARLY 2019, LSAC PROVIDES HOUSING TO THE PRESIDENT AND REMOTE STAFF BY RENTING A LOCAL HOUSE CLOSE TO THE CORPORATE HEADQUARTERS. PART I, LINE 7 THE EXECUTIVE TEAM RECEIVED A BOARD APPROVED BONUS WHICH WAS INCLUDED IN THEIR 2021 W2. FORM 990, PART III, LINE 2 DURING THE FISCAL YEAR THE ORGANIZATION ADDED TWO NEW PROGRAMS INSTITUTE FOR THE FUTURE OF LAW PRACTICE (IFLIP) AND LAW SCHOOL TRANSPARENCY (LST). FORM 990, PART VI, SECTION A, LINE 6 A SCHOOL OF LAW IS ELIGIBLE FOR MEMBERSHIP IN THE LAW SCHOOL ADMISSION COUNCIL (LSAC) IF IT REQUIRES THAT SUBSTANTIALLY ALL OF ITS APPLICANTS FOR ADMISSION TAKE THE LSAT, AND IS A LAW SCHOOL APPROVED BY THE AMERICAN BAR ASSOCIATION (ABA) OR A MEMBER OF THE ASSOCIATION OF AMERICAN LAW SCHOOLS (AALS), OR IT IS A CANADIAN LAW SCHOOL THAT GRANTS DEGREES THAT ARE RECOGNIZED BY A PROVINCIAL OR TERRITORIAL LAW SOCIETY OR GOVERNMENT AGENCY AS AN APPROVED ACADEMIC CREDENTIAL FOR PERSONS SEEKING ADMISSION TO THE BAR IN ONE OF THE PROVINCES OR TERRITORIES OF CANADA. THE BOARD OF TRUSTEES OF THE COUNCIL MAY AT ITS DISCRETION AND FOLLOWING A PERIOD FOR NOTICE AND COMMENT AMONG THE CURRENT MEMBERS, ADMIT INTO MEMBERSHIP A LAW SCHOOL OUTSIDE OF THE UNITED STATES AND CANADA IF IT REQUIRES THAT SUBSTANTIALLY ALL OF ITS APPLICANTS FOR ADMISSION TAKE THE LSAT, AND IS ACCREDITED BY A GOVERNMENTALLY RECOGNIZED, NATIONAL ACCREDITING AUTHORITY OR ITS DEGREES MEET THE LEGAL EDUCATION REQUIREMENT FOR BAR MEMBERSHIP THROUGHOUT ITS HOME COUNTRY. THERE ARE CURRENTLY 200 US MEMBER LAW SCHOOLS, 17 CANADIAN MEMBER LAW SCHOOLS AND 1 AUSTRALIAN MEMBER LAW SCHOOL. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER LAW SCHOOL HAS ONE VOTE. THE MEMBERS ELECT THE CHAIR OF THE BOARD OF TRUSTEES EVERY OTHER YEAR. FORM 990, PART VI, SECTION A, LINE 7B A MEMBER LAW SCHOOL CAN PROPOSE AN AMENDMENT TO THE BYLAWS AND UPON APPROVAL OF A MAJORITY OF THE MEMBERS THE BYLAWS CAN BE AMENDED. FORM 990, PART VI, SECTION B, LINE 11B LSAC'S FORM 990 IS PREPARED BY THE ORGANIZATION'S INDEPENDENT AUDITORS. AFTER MANAGEMENT REVIEW, A COPY OF THE FORM IS PROVIDED TO BOTH THE LSAC AUDIT COMMITTE AND THE BOARD OF TRUSTEES, PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS LSAC BOARD OF TRUSTEES MEMBERS, COMMITTEE MEMBERS AND VOLUNTEERS ARE PROVIDED A COPY OF THE COUNCIL'S CONFLICT OF INTEREST POLICY, ASKED TO REVIEW, DISCLOSE ANY POTENTIAL CONFLICTS, AND SIGN AN ACKNOWLEDGEMENT FORM THAT IS MAINTAINED BY LSAC'S GENERAL COUNSEL. ON AN ANNUAL BASIS, OFFICERS AND KEY LSAC STAFF MEMBERS ARE PROVIDED A COPY OF THE COUNCIL'S CONFLICT OF INTEREST POLICY AND ARE ASKED TO REVIEW, DISCLOSE ANY POTENTIAL CONFLICTS AND SIGN AN ACKNOWLEDGEMENT FORM THAT IS MAINTAINED BY HUMAN RESOURCES. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION APPOINTS AN EXECUTIVE COMPENSATION COMMITTEE, NORMALLY 3-5 MEMBERS FROM THE BOARD OF TRUSTEES AND NAMED BY THE LSAC CHAIR. THE EXECUTIVE COMPENSATION COMMITTEE ENLISTS THE ASSISTANCE OF AN OUTSIDE FIRM OR SPECIALIST THAT IS ABLE TO PROVIDE COMPARATIVE INFORMATION ABOUT PROCESS AND COMPENSATION ITSELF. AS PART OF THE ANNUAL BUDGET APPROVAL PROCESS, THE LSAC PRESIDENT PRESENTS TO THE BOARD A BUDGET ITEM REGARDING THE PROPOSED COMPENSATION POOL OF STAFF INCREASES OR ADJUSTMENTS. FORM 990, PART VI, SECTION C, LINE 19 LSAC MAKES ITS GOVERNING DOCUMENTS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER FEES: PROGRAM SERVICE EXPENSES 8,445,362. MANAGEMENT AND GENERAL EXPENSES 1,871,489. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,316,851. PAYROLL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 174,095. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 174,095. FORM 990, PART XI, LINE 9: POSTRETIREMENT BENEFIT GAIN 6,528,528. DIFFERENCE IN PY CLOSING NET ASSETS AND CY OPENING NET ASSETS -6. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR LSAG INDIA LLP WEWORK FORUM DLF CYBER CITY PHASE- GURUGRAM IN 122002 EDUCATIONAL SERVICES IN LSAC RELATED 112331 69486 0 0 0.99990 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 LSAG INDIA LLP R 780000 FMV