2023-05-09T16:57:51-05:00 2022-06-30 910189318 MOSS ADAMS LLP 21700 OXNARD ST STE 300 WOODLAND HILLS CA 91367 990 2021-07-01 951246140 SOUTHWESTERN LAW SCHOOL SOUT 2137386700 3050 WILSHIRE BOULEVARD LOS ANGELES CA 90010 LAURA T PONDER CFO 2137386854 2023-05-08 1 LAURA PONDER 999009999 LAUREN A HAVERLOCK P00545829 8185771900 2023-05-08 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z LAURA T PONDER 3050 WILSHIRE BOULEVARD LOS ANGELES CA 90010 89682086 0 X WWW.SWLAW.EDU X 1911 CA THE MISSION OF SOUTHWESTERN LAW SCHOOL IS TO PRODUCE HIGHLY SKILLED GRADUATES WHO ARE CAPABLE OF INTEGRATING THEORY AND PRACTICE TO MEET THE CHALLENGES OF THE TWENTY-FIRST CENTURY. 21 20 596 22 -414 0 3912080 3641440 50236335 55218468 501982 151023 841964 1209408 55492361 60220339 16235526 17532237 0 0 22716293 25813432 0 0 338187 14266369 14591314 53218188 57936983 2274173 2283356 137230356 130413828 30697092 28576252 106533264 101837576 X THE MISSION OF SOUTHWESTERN LAW SCHOOL IS TO PRODUCE HIGHLY SKILLED GRADUATES WHO ARE CAPABLE OF INTEGRATING THEORY AND PRACTICE TO MEET THE CHALLENGES OF THE TWENTY-FIRST CENTURY. THROUGH EXCELLENT FACULTY COMMITTED TO PROMOTING THE HIGHEST LEVEL OF PROFESSIONALISM, SOUTHWESTERN SEEKS TO CREATE A VIBRANT, DIVERSE ACADEMIC COMMUNITY WITH A STUDENT-CENTERED APPROACH TO LEGAL EDUCATION. 0 0 44468608 17532237 55218468 THE LAW SCHOOL ACCOMMODATES A WIDE RANGE OF STUDENTS AND SEEKS TO MAKE A COMPREHENSIVE LEGAL EDUCATION ACCESSIBLE TO ALL QUALIFIED APPLICANTS AND TO CONTRIBUTE TO DIVERSITY IN THE LEGAL PROFESSION. THE LAW SCHOOL ACCOMPLISHES THIS GOAL IN PART BY OFFERING FIVE COURSES OF STUDY LEADING TO THE JURIS DOCTOR DEGREE: (1) A THREE-YEAR, FULL-TIME DAY PROGRAM; (2) A FOUR-YEAR, PART-TIME HYBRID EVENING PROGRAM; (3) A FOUR-YEAR, PART-TIME DAY PROGRAM; (4) A FOUR YEAR,PART-TIME DAY PROGRAM FOR STUDENTS WITH CHILD-CARE, ELDER-CARE, OR OTHER CARE-GIVING RESPONSIBILITIES; AND (5) A TWO-YEAR, ACCELERATED FULL-TIME DAY PROGRAM. THE LAW SCHOOL ALSO OFFERS COURSES OF STUDY LEADING TO EITHER A MASTERS IN GENERAL LAW OR MASTERS OF LAW IN ENTERTAINMENT & MEDIA LAW. ADDITIONALLY, THE LAW SCHOOL SPONSORS A FOREIGN SUMMER LAW PROGRAM IN ENGLAND; OFFERS A CONCURRENT JD/MBA WITH THE DRUCKER GRADUATE SCHOOL OF MANAGEMENT OF CLAREMONT GRADUATE UNIVERSITY, AND OFFERS A CERTIFICATE IN BIOSCIENCE INDUSTRY LAW AND PRACTICE WITH THE KECK GRADUATE INSTITUTE OF THE CLAREMONT COLLEGES. ADDITIONALLY, THE LAW SCHOOL OFFERS STUDENTS WORKING ON THEIR JURIS DOCTOR DEGREES THE OPPORTUNITY TO SPECIALIZE IN ONE OF SEVEN LEGAL FIELDS: (1) ENTERTAINMENT AND MEDIA LAW; (2) CIVIL LITIGATION AND ADVOCACY, UNDER THE PANISH CIVIL JUSTICE PROGRAM; (3) CRIMINAL LAW AND ADVOCACY; (4) PUBLIC INTEREST LAW; (5) TECHNOLOGY LAW AND ENTREPRENEURSHIP; (6) LABOR & EMPLOYMENT LAW; AND (7) CRITICAL RACE, GENDER, AND SEXUALITY STUDIES. 44468608 1 1 0 0 0 0 0 0 0 1 1 1 1 1 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1383 0 1 596 1 0 0 0 0 0 0 0 0 0 0 0 0 X 21 20 0 0 1 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X LAURA PONDER 2137386854 3050 WILSHIRE BLVD LOS ANGELES CA 90010 CHARLES P FAIRCHILD CHAIR OF THE BOARD OF TRUSTEES 1.00 X X 0 0 0 JULIE XANDERS - VICE CHR THRU 10/21/21, GEN CNSL AS OF 11/1/21 1.00 X X 37278 0 0 LAUREN B LEICHTMAN VICE CHAIR, BOARD OF TRUSTEES 1.00 X X 0 0 0 BETTY KELEPECZ BOARD MEMBER 1.00 X 0 0 0 CARLOS SIDERMAN BOARD MEMBER (THRU 12/21) 1.00 X 0 0 0 CHERIE S RAIDY BOARD MEMBER 1.00 X 0 0 0 GEORGE WOOLVERTON BOARD MEMBER 1.00 X 0 0 0 HEIDY VAQUERANO BOARD MEMBER 1.00 X 0 0 0 HON J GARY HASTINGS BOARD MEMBER 1.00 X 0 0 0 HON ROBERT H PHILIBOSIAN BOARD MEMBER 1.00 X 0 0 0 J BERNARD ALEXANDER BOARD MEMBER 1.00 X 0 0 0 JAHMY GRAHAM BOARD MEMBER 1.00 X 0 0 0 JOHN M GERRO BOARD MEMBER 1.00 X 0 0 0 KEVIN BURKE BOARD MEMBER 1.00 X 0 0 0 MARIA MEHRANIAN BOARD MEMBER 1.00 X 0 0 0 MEE H SEMCKEN BOARD MEMBER 1.00 X 0 0 0 MICHAEL E CAHILL BOARD MEMBER 1.00 X 0 0 0 PETER DUCHESNEAU BOARD MEMBER 1.00 X 0 0 0 ROBERT GLASSMAN PRESIDENT, SW ALUMNI ASSOCIATION 1.00 X 0 0 0 STEVEN P BYRNE BOARD MEMBER 1.00 X 0 0 0 THOMAS H HOBERMAN BOARD MEMBER 1.00 X 0 0 0 THOMAS L DRISCOLL BOARD MEMBER 1.00 X 0 0 0 WALTER M YOKA BOARD MEMBER 1.00 X 0 0 0 ANGELA D DICKERSON PRESIDENT & DEAN (AS OF 7/1/21) 40.00 X 313273 0 8712 MICHAEL HILL CARTER EVP CAO (THRU 02/7/22) 40.00 X 287565 0 31780 LINDA SHARON ROSS CFO (THRU 6/8/22) 40.00 X 198075 0 32532 JANIS K YOKOYAMA CORPORATE SECRETARY (THRU 1/6/22) 40.00 X 146913 0 15246 SUSAN PRAGER DEAN THRU 621 PROF. OF LAW (AS OF 7/1/21) 40.00 X 237067 0 23205 CHRISTOPHER J ROBINETTE FACULTY 40.00 X 262069 0 29691 MICHAEL B DORFF FACULTY 40.00 X 227498 0 39681 BYRON G STIER FACULTY 40.00 X 224051 0 56263 KEVIN J GREENE FACULTY 40.00 X 221221 0 24172 CATHERINE L CARPENTER FACULTY 40.00 X 212014 0 33227 2367024 0 294509 78 0 1 0 US SECURITY ASSOCIATES INC 161 WASHINGTON STREET STE 600 CONSHOHOCKEN PA 19428 SECURITY 889537 LOS ANGELES AIR CONDITIONING 1714 LINDBERGH COURT LA VERNE CA 91750 MAINTENANCE AND REPAIR 346236 ROBERT FERRILLI LLC 4 KINGS HIGHWAY EAST HADDONFIELD NJ 08033 CONSULTANT 180224 KOHL BUILDING MAINTENANCE 9620 TOPANGA CYN PL UNIT F CHATSWORTH CA 91311 JANITORIAL SERVICES 178449 HOLLAND & KNIGHT LLP PO BOX 936937 ATLANTA GA 31193 LEGAL 164451 5 3960 1325512 2311968 281460 3641440 STUDENT TUITION AND FEES 611310 52406581 52406581 STUDENT HOUSING 611710 2681999 2681999 INTEREST EARNED ON STUDENT LOANS 611710 89621 89621 SALES AND SERVICES OF EDUCATION D 611710 40267 40267 55218468 468713 -414 469127 4 4 1564557 851867 712690 712690 712690 28255209 28572903 -317694 -317694 -317694 132765 3960 36977 95788 95788 STUDENT CONVENIENCE (ETC. PARKING 812930 207555 207555 CONFERENCE REVENUE 611710 9700 9700 183675 183675 400930 60220339 55218468 -414 1360845 17532237 17532237 1578189 1533345 44844 321633 321633 19062887 14978943 3936306 147638 1305392 1038092 266769 531 1956224 1401495 534764 19965 1589107 1164974 416382 7751 835389 835389 530809 530809 156949 156949 188247 188247 1243310 411898 776798 54614 335982 91665 244317 1137799 177833 957341 2625 944380 8589 935791 2840506 1493747 1346759 241229 179944 59795 1490 477805 372129 46947 58729 802021 715734 86287 2268093 1598619 669474 399171 232683 166488 LIBRARY BOOKS AND COURS 940737 940737 BOND & UNDERWRITERS EXP 705204 583630 121574 ORIENTATION AND GRADUAT 129257 129257 BAD DEBT EXPENSE 101427 101427 312999 157953 155046 57936983 44468608 13130188 338187 1115016 1355877 14163140 18373844 1901006 1847210 395934 622884 422505 176584 111386162 64042746 49205913 47343416 29498522 27220476 36101249 29927443 4267374 3379319 159697 166775 137230356 130413828 6103231 6514017 2063135 2438736 20481683 18437327 2049043 1186172 30697092 28576252 X 74875463 74156983 31657801 27680593 106533264 101837576 137230356 130413828 X 2283356 -6979458 414 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 27638116 1081617 -4573943 761540 23384250 21385703 562711 6393016 703314 27638116 19064889 854753 2099601 633540 21385703 18051158 835787 747534 569590 19064889 16763332 605274 1222472 539920 18051158 0.83000 0.17000 0 0 8770459 5349610 14120069 4683607 76284600 49835718 31132489 81892 7600661 6362469 1320084 553110 8062223 7844559 770774 47343416 LIMITED LIABILITY COMPANIES - FIXED INCOME 9336927 F LIMITED LIABILITY COMPANIES - GLOBAL EQUITY 18613114 F LIMITED PARTNERSHIPS - PRIVATE EQUITY 1977402 F 29927443 INVESTMENTS - PROGRAM RELATED 3379319 F 3379319 OTHER ASSETS 166775 166775 ADVANCES FOR STUDENT LOANS (PERKINS) 1186172 1186172 X 37451568 -6979458 -15601480 -22580938 60032506 188247 -414 187833 60220339 42147256 0 42147256 188247 15601480 15789727 57936983 PART V, LINE 4: SOUTHWESTERN LAW SCHOOL'S ENDOWMENT FUND PRIMARILY PROVIDES FINANCIAL ASSISTANCE IN THE FORM OF SCHOLARSHIPS TO SOUTHWESTERN LAW STUDENTS. THE ENDOWMENT FUND ALSO PROVIDES PROFESSORSHIPS FOR SOUTHWESTERN FACULTY. PART X, LINE 2: LIABILITY FOR UNCERTAIN TAX POSITIONS (ASC 740) THE LAW SCHOOL FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THE POSITION IS MORE-LIKELY-THAN-NOT TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. THE LAW SCHOOL IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE INTERNAL REVENUE CODE. THE LAW SCHOOL HAS ALSO BEEN RECOGNIZED BY THE CALIFORNIA FRANCHISE TAX BOARD AS EXEMPT FROM CALIFORNIA FRANCHISE AND INCOME TAXES UNDER SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE. THE LAW SCHOOL HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. IN ACCORDANCE WITH U.S. GAAP, THE LAW SCHOOL HAD NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2022 AND 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID -15,601,480. PART XI, LINE 4B - OTHER ADJUSTMENTS: UBI -414. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 15,601,480. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE NON-DISCRIMINATION POLICY IS PUBLISHED ON THE SCHOOL'S INTERNET HOMEPAGE HTTPS://WWW.SWLAW.EDU/ AND HTTPS://WWW.SWLAW.EDU/SWPOLICIES SCHEDULE E, PART I, LINE 6 THE LAW SCHOOL RECEIVES FUNDING FOR THE FEDERAL WORK-STUDY PROGRAM. THE SCHOOL ALSO PARTICIPATED IN THE FEDERAL PERKINS REVOLVING LOAN PROGRAM. BOTH THE FEDERAL WORK-STUDY PROGRAM AND THE FEDERAL PERKINS REVOLVING LOAN PROGRAM PROVIDE FINANCIAL ASSISTANCE TO SOUTHWESTERN LAW STUDENTS. EUROPE (INCLUDING ICELAND AND GREENLAND) 0 6 PROGRAM SERVICES EDUCATION CONDUCTED 166393 0 6 0 0 0 6 166393 0 166393 0 0 0 0 0 0 PART III ACCOUNTING METHOD: ALUMNI GALA 136725 3960 132765 317 4820 22265 9575 136725 3960 132765 317 4820 22265 9575 36977 95788 1 SCHOLARSHIP AWARDS 674 15700976 FEDERAL WORK-STUDY 291 497078 FACULTY RESEARCH GRANT 45 459183 CARES ACT FUNDING - HEERF I 432 875000 SCHEDULE I, PART I, LINE 2 SOUTHWESTERN LAW SCHOOL OFFERS A NUMBER OF SCHOLARSHIPS FROM INCOME PROVIDED BY GIFTS FROM DONORS AS WELL AS ITS OWN GENERAL FUNDS. QUALIFICATIONS FOR, AND AMOUNTS OF, SCHOLARSHIPS VARY. THE DETERMINATION OF AWARDS IS GENERALLY BASED ON FINANCIAL NEED AND SCHOLASTIC ACHIEVEMENT,AS WELL AS THE AMOUNT OF FUNDS AVAILABLE. THE SCHOLARSHIP MONEY GETS CREDITED TO THE STUDENTS ACCOUNT AND, UNLESS THE TERMS OF THE SCHOLARSHIP DIRECT OTHERWISE, IS USED FOR TUITION. SCHEDULE I, PART III, LINE 2 FEDERAL WORK-STUDY GRANTS ARE AWARDED TO ASSIST STUDENTS IN MEETING THEIR EDUCATIONAL EXPENSES THROUGH PART TIME EMPLOYMENT, AND TO ENCOURAGE THEM TO PARTICIPATE IN COMMUNITY SERVICE ACTIVITIES. ONCE FUNDS HAVE BEEN APPROVED BY THE FINANCIAL AID OFFICE, THE STUDENT MUST SECURE A POSITION THROUGH AN ELIGIBLE EMPLOYER. SCHEDULE I, PART III, LINE 3 SUMMER FACULTY RESEARCH GRANTS ARE AWARDED FOR FACULTY RESEARCH AND WRITING IN ACCORD WITH WRITTEN POLICIES, BASED ON ANNUAL WRITTEN APPLICATIONS FROM FULL-TIME MEMBERS OF THE FACULTY. THE APPLICANT'S RECORD OF COMPLIANCE WITH THE TERMS OF PREVIOUS STIPEND AWARDS, ASSESSMENT OF THE PRIOR AND PROPOSED RESEARCH AND AVAILABLE FUNDS ARE ALL CONSIDERED. A SUBCOMMITTEE OF THE FACULTY DEVELOPMENT COMMITTEE, CHAIRED BY THE ASSOCIATE DEAN FOR RESEARCH, MAKES RECOMMENDATIONS TO THE PRESIDENT & DEAN, WHO ULTIMATELY DECIDES WHICH FACULTY MEMBERS WILL RECEIVE FUNDS. X 1 1 X X X X 0 0 0 0 0 0 0 1 0 ANGELA D DICKERSON PRESIDENT & DEAN (AS OF 7/1/21) 300673 0 0 0 12600 0 0 0 8712 0 321985 0 0 0 MICHAEL HILL CARTER EVP CAO (THRU 02/7/22) 287565 0 0 0 0 0 26100 0 5680 0 319345 0 0 0 CHRISTOPHER J ROBINETTE FACULTY 176138 0 85931 0 0 0 0 0 29691 0 291760 0 0 0 BYRON G STIER FACULTY 220051 0 0 0 4000 0 21595 0 34668 0 280314 0 0 0 MICHAEL B DORFF FACULTY 204498 0 0 0 23000 0 20511 0 19170 0 267179 0 0 0 SUSAN PRAGER DEAN THRU 621 PROF. OF LAW (AS OF 7/1/21) 213861 0 0 0 23206 0 21166 0 2039 0 260272 0 0 0 KEVIN J GREENE FACULTY 217221 0 0 0 4000 0 0 0 24172 0 245393 0 0 0 CATHERINE L CARPENTER FACULTY 212014 0 0 0 0 0 20169 0 13058 0 245241 0 0 0 LINDA SHARON ROSS CFO (THRU 6/8/22) 198075 0 0 0 0 0 18349 0 14183 0 230607 0 0 0 JANIS K YOKOYAMA CORPORATE SECRETARY (THRU 1/6/22) 146913 0 0 0 0 0 13330 0 1916 0 162159 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE IS PROVIDED TO THE DEAN AND IS INCLUDED IN TAXABLE COMPENSATION. PART I, LINE 7 BONUS AWARDS WERE DISCRETIONARY IN NATURE. ONE-TIME RELOCATION PAYMENT FOR CHRISTOPHER J ROBINETTE. A CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130175A77 2003-05-29 12283629 TO REFUND THE AUTHORITY'S SERIES 0 0 0 B CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201563466 13048VB64 2021-12-21 16910473 TO REFUND THE AUTHORITY'S SERIES 2011 BOND 0 0 0 A 9515000 12628218 228389 12399828 0 1 1 1 B 16910473 335524 16574949 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 11/19/2018 DENNIS YOKOYAMA FAMILY MEMBER OF JANIS YOKOYAMA 220630 EMPLOYMENT COMPENSATION 0 JANET VALENZUELA FAMILY MEMBER OF HON. ROBERT H. PHILIBOSIAN 100018 EMPLOYMENT COMPENSATION 0 X 2 281460 FMV 0 1 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS FORM 990, PART VI, SECTION A, LINE 4 SUMMARY OF MAJOR CHANGES TO SOUTHWESTERN LAW SCHOOL'S CORPORATE BYLAWS: - GENERALLY, WHEN MAKING THE UPDATES, SOUTHWESTERN STAYED CLOSE TO WHAT IS REQUIRED BY THE VARIOUS STATUTES; HOWEVER, SOUTHWESTERN DID INCLUDE CERTAIN TOPICS THAT WERE IMPORTANT TO THE SCHOOL - MANY OF THE EDITS AND ADDITIONS WERE DRIVEN BY A GOAL OF MAKING SURE THE BYLAWS ARE CONSISTENT WITH APPLICABLE CALIFORNIA CORPORATIONS CODE SECTIONS - BASED ON A REVIEW OF AGB (ASSOCIATION OF GOVERNING BOARDS OF UNIVERSITIES AND COLLEGES) DATA ABOUT THE AVERAGE SIZE OF GOVERNING BOARDS AT PRIVATE INSTITUTIONS, SOUTHWESTERN REDUCED THE AUTHORIZED NUMBER OF TRUSTEES FROM 35 TO 30, WHICH HAD THE EFFECT OF REDUCING THE QUORUM REQUIREMENT FROM 7 TO 6 - SOUTHWESTERN ADDED THE PRESIDENT OF THE NICKEL CLUB (ALUMNI ASSOCIATION FOR GRADUATES 5 YEARS OR FEWER YEARS OUT) AND REMOVED THE SECOND YEAR FOR THE ALUMNI ASSOCIATION PAST PRESIDENT AS A NON-VOTING TRUSTEE, MEANING THAT THE CURRENT PRESIDENTS OF BOTH ALUMNI ASSOCIATIONS WILL SERVE ON THE BOARD FOR THEIR ONE-YEAR PRESIDENTIAL TERM - SOUTHWESTERN ADDED LANGUAGE DESCRIBING HONORARY TRUSTEES AND CLARIFIED THE ROLE OF EMERITUS TRUSTEES - SOUTHWESTERN UPDATED THE LANGUAGE IN NOTICE OF MEETINGS, PLACE OF MEETINGS, AND PARTICIPATING IN MEETINGS TO RECOGNIZE THE INCREASED USE OF REMOTE OR VIRTUAL COMMUNICATIONS AND PLATFORMS - SOUTHWESTERN ADDED A PROVISION THAT REQUIRES A MAJORITY OF THE BOARD THEN IN OFFICE (SO GREATER THAN A QUORUM) TO BE PRESENT AT A MEETING FOR TENURE AND TENURE-LIKE DECISIONS - SOUTHWESTERN ADDED A NEW ARTICLE ON COMMITTEES, AS THE PRIOR BYLAWS DID NOT ADDRESS BOARD COMMITTEES AND THEIR PROCEDURES WITH MUCH SPECIFICITY - SOUTHWESTERN ADDED LANGUAGE THAT THE CHAIR WILL BE AN EX OFFICIO MEMBER, WITH FULL PARTICIPATION AND VOTING RIGHTS, OF ANY STANDING COMMITTEE WHEN THE COMMITTEE IS MAKING A FINAL DECISION ON BEHALF OF THE CORPORATION; OTHERWISE, UNLESS REGULARLY APPOINTED AS A MEMBER OF THE COMMITTEE (UP TO THREE COMMITTEES, INCLUDING THE EXECUTIVE COMMITTEE), THE CHAIR WILL HAVE THE RIGHT TO ATTEND AND PARTICIPATE AT STANDING COMMITTEE MEETINGS BUT WILL NOT BE A MEMBER OF THE COMMITTEE OR VOTE - SOUTHWESTERN DEFINED A COMMITTEE QUORUM AS A MAJORITY OF THE COMMITTEE MEMBERS - SOUTHWESTERN LISTED THE STANDING COMMITTEES OF THE BOARD: O ACADEMIC AFFAIRS O AUDIT & COMPLIANCE O BOARD GOVERNANCE O COMPENSATION O EXECUTIVE O FACILITIES & REAL ESTATE O FINANCE O INSTITUTIONAL ADVANCEMENT - SOUTHWESTERN INTRODUCED A NEW ARTICLE REGARDING THE FACULTY GIVEN THE IMPORTANCE OF THIS SUBJECT TO THE SCHOOL O SOUTHWESTERN EXPRESSLY STATED THAT THE BOARD DELEGATES TO THE FULL-TIME FACULTY THE RESPONSIBILITY TO FORMULATE AND CONDUCT EDUCATIONAL POLICY, SUBJECT TO APPROVAL BY THE BOARD O THIS ARTICLE ALSO DESCRIBES THE FUNCTIONS OF THE FACULTY - SOUTHWESTERN SIGNIFICANTLY REWROTE THE ARTICLE ON INDEMNIFICATION SO THAT IT MORE CLOSELY MATCHES THE CALIFORNIA NONPROFIT CORPORATION LAW - SOUTHWESTERN SIGNIFICANTLY REWROTE THE ARTICLE ON CONTRACTS AND LOANS WITH TRUSTEES AND OFFICERS SO IT MORE CLOSELY MATCHES CALIFORNIA LAW - SOUTHWESTERN INTRODUCED A NEW ARTICLE REGARDING EMERGENCY PROVISIONS, WHICH DEFINES AN EMERGENCY AND SETS FORTH WHAT THE BOARD CAN DO DURING AN EMERGENCY - SOUTHWESTERN EDITED A GREAT DEAL OF LANGUAGE FOR CLARITY AND CONCISENESS FORM 990, PART VI, SECTION A, LINE 7A THE PRESIDENT OF BOTH THE NICKEL CLUB AND THE ALUMNI ASSOCIATION ARE BOTH EX-OFFICIO BOARD MEMBERS WITH FULL VOTING AND PARTICIPATION RIGHTS FOR THE TENURE OF THEIR TERMS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY AN INDEPENDENT CPA FIRM. SOUTHWESTERN LAW SCHOOL PREPARES THE 990 ORGANIZER. THE 990 IS REVIEWED BY THE PRESIDENT & DEAN, THEN BY THE AUDIT & COMPLIANCE COMMITTEE OF THE BOARD OF TRUSTEES AND SENT TO ALL THE MEMBERS OF THE BOARD OF TRUSTEES BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C A QUESTIONNAIRE IS SENT TO BOARD OF TRUSTEES MEMBERS AND ALL OFFICERS ON AN ANNUAL BASIS THAT THEY ARE REQUIRED TO COMPLETE. ANY CONFLICTS OF INTEREST THAT MIGHT ARISE ARE SUBSEQUENTLY DISCUSSED TO DETERMINE WHETHER APPROPRIATE ACTION, IF ANY IS WARRANTED. FORM 990, PART VI, SECTION B, LINE 15 AS PART OF ITS ANNUAL REVIEW OF THE PRESIDENT & DEAN'S PERFORMANCE, THE COMPENSATION COMMITTEE OF SOUTHWESTERN'S BOARD OF TRUSTEES DETERMINES THE COMPENSATION PACKAGE FOR SOUTHWESTERN'S PRESIDENT & DEAN. FORM 990'S OF OTHER ORGANIZATIONS AS WELL AS COMPENSATION SURVEYS ARE USED TO DETERMINE THE PRESIDENT & DEAN'S SALARY. THE COMPENSATION COMMITTEE CONSIDERS SOUTHWESTERN'S INTERNAL BUDGETED SALARY INCREASE IN CONJUNCTION WITH THE OTHER SALARY INFORMATION LISTED ABOVE TO TARGET A RESPONSIBLE COMPENSATION PACKAGE. THE PROCESS DESCRIBED ABOVE IS UNDERTAKEN PRIOR TO SALARY ADJUSTMENTS FOR OUR PRESIDENT & DEAN. IN THE SITUATION WHERE A NEW PRESIDENT & DEAN IS BEING HIRED, THE SOUTHWESTERN BOARD OF TRUSTEES RELIES ON MARKET-BASED COMPENSATION RECOMMENDATIONS OF A PROFESSIONAL RECRUITER. THE COMPENSATION COMMITTEE ALSO REVIEWS THE COMPENSATION OF THE CFO, GENERAL COUNSEL, AND CTO. FORM 990, PART VI, SECTION C, LINE 18 THESE DOCUMENTS ARE MADE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE MADE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: INCOME FROM PARTNERSHIPS 414.