2023-06-13T16:30:18-05:00 2022-07-31 135565207 KPMG LLP 550 SOUTH HOPE STREET SUITE 1500 LOS ANGELES CA 90071 990 2021-08-01 951644037 PEPPERDINE UNIVERSITY PEPP 8187021364 24255 PACIFIC COAST HWY MALIBU CA 902634497 GREG G RAMIREZ CHIEF FINANCIAL OFFICER 8187021370 2023-06-12 1 GREG RAMIREZ XXX-XX-XXXX DAVID M HIGHFILL P01517891 2139724000 2023-06-08 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z JAMES A GASH 24255 PACIFIC COAST HWY MALIBU CA 902634497 1058497814 0 X WWW.PEPPERDINE.EDU X 1937 CA PEPPERDINE UNIVERSITY IS A CHRISTIAN UNIVERSITY (CONTINUED SCHEDULE O) 24 21 4676 23 11503598 859901 67242887 71538193 453290634 551506131 200652214 87167829 3032929 8868806 724218664 719080959 170790233 155314297 0 0 204219817 228030261 0 0 7895782 184562947 256281354 559572997 639625912 164645667 79455047 2401385933 2445970391 733935558 781941996 1667450375 1664028395 X PEPPERDINE UNIVERSITY IS A CHRISTIAN UNIVERSITY COMMITTED TO THE HIGHEST STANDARDS OF ACADEMIC EXCELLENCE AND CHRISTIAN VALUES, WHERE STUDENTS ARE STRENGTHENED FOR LIVES OF PURPOSE, SERVICE, AND LEADERSHIP. SEE SCHEDULE O FOR MORE INFORMATION. 0 0 230367322 153674294 55258105 STUDENT SERVICES, INCLUDING SCHOLARSHIPS TO ENROLLED STUDENTS - THERE ARE MANY AUXILIARY SERVICES OFFERED TO THE STUDENTS TO PROMOTE THEIR INTELLECTUAL, EMOTIONAL, AND SPIRITUAL DEVELOPMENT. PEPPERDINE UNIVERSITY MAINTAINS MULTIPLE DINING AND HOUSING FACILITIES, A BOOKSTORE, BANKING SERVICES, PARKING FACILITIES LOCATED ALL OVER CAMPUS, TRANSPORTATION SERVICES, RECREATIONAL FIELDS, AND MAIL SERVICES. IN ADDITION TO THESE FACILITIES AND SERVICES, PEPPERDINE OFFERS APPROXIMATELY 88% OF ITS TOTAL STUDENT BODY FINANCIAL AID IN THE FORM OF VARIOUS SCHOLARSHIPS, GRANTS, AND LOANS. 137674706 180381 495708113 INSTRUCTION AND RESEARCH - PEPPERDINE UNIVERSITY IS A TOP CHRISTIAN INSTITUTION FOR HIGHER EDUCATION, AND SERVES APPROXIMATELY 3,700 UNDERGRADUATE STUDENTS AND 6,700 GRADUATE STUDENTS. IN ADDITION TO THE UNIVERSITY'S CAMPUSES IN CALIFORNIA, PEPPERDINE UNIVERSITY MAINTAINS SEVERAL STUDENT LEARNING PROGRAMS IN LOCATIONS SUCH AS EUROPE, SOUTH AMERICA, AND WASHINGTON D.C. NOTABLY, PEPPERDINE UNIVERSITY PURCHASED CHATEAU D'HAUTEVILLE IN FY20. THE UNIVERSITY PLANS TO TRANSITION ITS LAUSANNE, SWITZERLAND INTERNATIONAL PROGRAM TO THE CHATEAU IN FY23. SEE SCHEDULE O. 115214576 1451971 535876 ACADEMIC SUPPORT - PEPPERDINE UNIVERSITY EQUIPS STUDENTS WITH ACADEMIC SUPPORT TO ENSURE STUDENTS REACH THEIR EDUCATIONAL GOALS. UNIVERSITY SERVICES SUCH AS THE LIBRARY, TECH CENTRAL, PEPPERDINE COUNSELING CENTER, THE HEALTH CENTER, AND ONE STOP, WHICH IS THE PRIMARY ACADEMIC ADVISING CENTER, ASSIST IN THE WELL-BEING AND ACADEMIC PROGRESS OF THE UNIVERSITY'S STUDENTS. 22261690 7651 372974 PUBLIC SERVICE - THE UNIVERSITY OFFERS NUMEROUS SERVICES TO THE GENERAL PUBLIC, INCLUDING ART EXHIBITS, CONCERTS, PRODUCTIONS, AND OTHER PUBLIC BENEFIT ACTIVITIES. 22261690 7651 372974 505518294 1 1 0 1 0 1 0 1 1 1 1 1 0 1 1 1 0 1 1 1 1 0 1 0 1 0 0 1 1 1 1 1 0 0 0 0 1 0 0 1 0 1 0 0 0 1 1 1 1 0 0 1 X 16135 0 1 4676 1 1 1 1 AR CH GM IT SZ UK 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 24 21 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA KY MA MD MI NH OR SC X X KATELYN CROWE CONTROLLER 8187021364 24255 PACIFIC COAST HIGHWAY MALIBU CA 902634497 JAMES GASH PRESIDENT & CEO 40.00 2.00 X X 586932 0 341897 DEE ANNA SMITH CHAIR, REGENT 1.00 1.00 X X 0 0 0 FREDERICK RICKER VICE CHAIR, REGENT 1.00 0.00 X X 0 0 0 T DANNY PHILLIPS VICE CHAIR THRU 04/22 1.00 1.00 X X 0 0 0 MICHELLE HIEPLER SECRETARY, REGENT 1.00 0.00 X X 0 0 0 JAY WELKER ASSISTANT SECRETARY, REGENT 1.00 1.00 X X 0 0 0 ALAN BEARD REGENT 1.00 0.00 X 0 0 0 EDWIN BIGGERS REGENT 1.00 0.00 X 0 0 0 M BRETT BIGGS REGENT 1.00 0.00 X 0 0 0 SHEILA BOST REGENT THRU 02/22 1.00 0.00 X 0 0 0 DALE BROWN REGENT 1.00 0.00 X 0 0 0 NANCY DE LIBAN REGENT THRU 02/22 1.00 0.00 X 0 0 0 SHELLE ENSIO REGENT 1.00 0.00 X 0 0 0 TERRY GILES REGENT THRU 09/21 1.00 1.00 X 0 0 0 SETH HAYE REGENT 1.00 0.00 X 0 0 0 ERIC JOHNSON REGENT 1.00 0.00 X 0 0 0 PETER JOHNSON JR REGENT 1.00 0.00 X 0 0 0 DENNIS LEWIS REGENT 1.00 0.00 X 0 0 0 JOHN LEWIS REGENT 1.00 1.00 X 0 0 0 KIMBERLY LINDLEY REGENT 1.00 0.00 X 0 0 0 FAYE CRADDOLPH REGENT 1.00 0.00 X 0 0 0 VIRGINIA MILSTEAD REGENT 1.00 0.00 X 0 0 0 MICHAEL OKABAYASHI REGENT 1.00 0.00 X 0 0 0 ERIC WOLFORD REGENT AS OF 09/21 1.00 0.00 X 0 0 0 JOHN PLUEGER REGENT 1.00 0.00 X 0 0 0 HAROLD SMETHILLS REGENT THRU 06/22 1.00 1.00 X 0 0 0 STEPHEN STEWART REGENT 1.00 0.00 X 0 0 0 TIMOTHY PHILLIPS REGENT 1.00 1.00 X 0 0 0 JEREMY JOHNSON REGENT 1.00 0.00 X 0 0 0 GARY HANSON EXECUTIVE VP 40.00 0.00 X 589202 0 49472 CHARLES PIPPIN SVP INVTS & CIO THRU 10/21 40.00 2.00 X 323750 0 47254 PHIL PHILLIPS SVP FOR ADMINISTRATION & COO 40.00 0.00 X 287770 0 239426 GREG RAMIREZ CHIEF FINANCIAL OFFICER 40.00 1.00 X 299406 0 20178 CONNIE HORTON VP FOR STUDENT AFFAIRS 40.00 0.00 X 168254 0 155497 SARA YOUNG JACKSON CHANCELLOR 40.00 0.00 X 396012 0 41648 SARA COSENTINO VP FOR ADV & CHIEF DEV OFFICER 40.00 1.00 X 334388 0 72277 DANIEL DEWALT VP & CHIEF OF STAFF 40.00 2.00 X 290248 0 37067 LARRY PERRIN SVP STRATEGIC IMPLEMENTATION 40.00 0.00 X 329867 0 71026 NICOLLE TAYLOR VP & CHIEF BUSINESS OFFICER 40.00 1.00 X 271841 0 34136 JERI-ELAYNE GOOSBY SMITH VP COMM BELONGING & CDO 40.00 0.00 X 160176 0 22784 MICHAEL THOMAS VP FOR IMC AS OF 05/22 40.00 0.00 X 0 0 0 DAMON BURNETT SVP FOR IMC & CMO AS OF 04/22 40.00 0.00 X 0 0 0 JAY BREWSTER PROVOST AS OF 8/21 40.00 0.00 X 219034 0 293888 LEE KATS VICE PROVOST 40.00 0.00 X 300745 0 28755 MICHAEL FELTNER DEAN, SEAVER & PROFESSOR 40.00 0.00 X 325173 0 73282 FAYE HOLTON DIRECTOR OF INVESTMENTS 35.00 6.00 X 199917 0 33805 JEFFREY ROHDE CHIEF INV OFFICER AS OF 12/21 40.00 1.00 X 259363 0 42412 JONATHAN SEE CHIEF INFORMATION OFFICER 40.00 0.00 X 230052 0 35940 HELEN WILLIAMS DEAN, GSEP; PROF THRU 07/22 40.00 0.00 X 201689 0 135373 DERYCK JANSE VAN RENSBURG DEAN, GRAZIADIO BUSINESS SCHOO 40.00 0.00 X 502711 0 55279 MICHAEL NICKS DIRECTOR OF INVESTMENTS 40.00 0.00 X 187829 0 66561 LAURA PONDER CONTROLLER 40.00 1.00 X 204504 0 17760 SUKHSIMRANJIT SINGH MNGNG DIR & ASSOC PROF STRAUS 40.00 0.00 X 335386 0 36801 LORENZO ROMAR HEAD COACH, BASKETBALL 40.00 0.00 X 774442 0 45955 UISUP PARK ASSOC PROF & ASSOC DEAN PGBS 40.00 0.00 X 312612 0 98163 EDWARD LARSON DARLING CHAIR IN LAW & PROFESS 40.00 0.00 X 345782 0 62710 MARC GOODMAN GENERAL COUNSEL 40.00 0.00 X 335694 0 30979 SAMUEL HINKLE SV CHANCELLOR 40.00 1.00 X 275204 0 176363 RICK MARRS PROFESSOR OF RELIGION 40.00 0.00 X 312181 0 218838 RICK GIBSON SV CHANCELLOR 40.00 0.00 X 167758 0 134386 ANDREW BENTON FORMER PRESIDENT 0.00 0.00 X 293691 0 36222 DAVID SMITH ASSOC. PROFESSOR & ASSOC. PROV 40.00 0.00 X 303930 0 69209 PAUL CARON DEAN, CARUSO SCHOOL OF LAW 40.00 0.00 X 275235 0 182538 10400778 0 3007881 453 1 1 0 2U INC 7900 HARKINS ROAD LANHAM MD 20706 E-LEARNING 48222248 THE PENTA BUILDING GROUP LLC 181 E WARM SPRINGS ROAD LAS VEGAS NV 89119 CONSTRUCTION 4613214 PERKINS & WILL INC PO BOX 71181 CHICAGO IL 605941181 CONSULTING 3859765 MILLIE AND SEVERSON INC PO BOX 3601 LOS ALAMITOS CA 907200399 CONSTRUCTION 2737253 SODEXO INC & AFFILIATES PO BOX 360170 PITTSBURGH PA 152516170 CATERING 2636171 98 424073 6870336 14124378 50119406 4561877 71538193 STUDENT TUITION & FEES 611710 499858340 499858340 ROOM AND BOARD 611710 46942822 46942822 OTHER REVENUE 611710 3482643 3482643 SALES AND SERVICES 611710 1222326 1222326 551506131 27415793 6811973 20603820 718617 0 718617 718617 9489 57554 651574 371329558 26946619 330944788 7579353 40384770 19367266 59752036 2770529 56981507 377142 424073 890092 -512950 -512950 2860 2622 238 238 SALES AND SERVICES 900099 5019885 1764942 3254943 SWITZERLAND SUBSIDY 900099 1770511 1770511 PERKINS INSTITUTIONAL 900099 339623 339623 1532882 19825 98600 1414457 8662901 719080959 551875068 11503598 84164100 X 913377 913377 146803410 146803410 7597510 7597510 8243196 2252958 4578609 1411629 3510492 2137483 1033691 339318 166183452 127277082 35305991 3600379 11146478 8088040 2797227 261211 26983024 22533164 3700160 749700 11963619 8665393 2979815 318411 401185 154220 246965 1107119 3504 1103615 23251 23251 6704616 6704616 77653221 63254138 14222004 177079 6714024 4836525 1686211 191288 10421235 4800443 5458530 162262 7264478 2182309 5082089 80 16984611 10388682 6591194 4735 9351394 7119185 1998758 233451 17936288 16760545 1157223 18520 18916998 15473360 3367974 75664 28861299 22969250 5779730 112319 6977750 186338 6791412 STUDENT MEALS 10557819 936532 9621259 28 CONSTRUCTION & EQUIP 6306233 2681838 3610882 13513 EQUIPMENT RENTAL & MAIN 3663019 1710932 1951087 1000 LIBRARY EXPENSES 2306973 2304600 2373 24129841 23487476 417170 225195 639625912 505518294 126211836 7895782 103626997 122949814 31080619 31149525 43232399 50854847 12347112 17018390 1215813 1240575 0 0 5672540 5089375 0 0 5832878 4882702 818363855 276619773 524240030 541744082 505640951 477943289 851015243 922607069 14446806 13300557 303034545 257190166 2401385933 2445970391 40531149 52698500 0 0 22208201 29083484 213972474 39706408 34374218 30372135 0 0 0 0 0 0 422849516 630081469 733935558 781941996 X 988419065 992618697 679031310 671409698 1667450375 1664028395 2401385933 2445970391 X 79455047 -82294043 -582984 X 0 1 X 1 1 1 X 39372267 34179043 55834209 67242887 71538193 268166599 39372267 34179043 55834209 67242887 71538193 268166599 2271614 265894985 15603552 45381851 29452634 79329098 21255394 191022529 1796710 0 0 538255 4400240 6735205 5893348 8011772 9994544 2303956 6819913 33023533 498947866 2314654947 0.53290 0.50680 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING EVENTS GAMING - 2017 AMOUNT: $ 433,508. 2018 AMOUNT: $ 468,457. 2019 AMOUNT: $ 397,936. 2020 AMOUNT: $ 103,145. 2021 AMOUNT: $ 377,142. GAIN ON EXTINGUISHMENT OF DEBT - 2017 AMOUNT: $ 0. 2018 AMOUNT: $ 0. 2019 AMOUNT: $ 1,076,454. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. OTHER INCOME - 2017 AMOUNT: $ 0. 2018 AMOUNT: $ 3,065,529. 2019 AMOUNT: $ 5,806,779. 2020 AMOUNT: $ 115,661. 2021 AMOUNT: $ 3,184,968. SALES AND SERVICES - 2017 AMOUNT: $ 5,459,840. 2018 AMOUNT: $ 4,477,786. 2019 AMOUNT: $ 1,917,076. 2020 AMOUNT: $ 1,447,201. 2021 AMOUNT: $ 3,254,943. INSURANCE SETTLEMENT - 2017 AMOUNT: $ 0. 2018 AMOUNT: $ 0. 2019 AMOUNT: $ 793,179. 2020 AMOUNT: $ 632,989. 2021 AMOUNT: $ 0. GAMING INCOME - 2017 AMOUNT: $ 0. 2018 AMOUNT: $ 0. 2019 AMOUNT: $ 3,120. 2020 AMOUNT: $ 4,960. 2021 AMOUNT: $ 2,860. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 2341 0 0 1 20910 23251 0 PART II-B, LINE 1: GRANTS TO OTHER ORGANIZATIONS FOR LOBBYING PURPOSES: THE UNIVERSITY PAID MEMBERSHIP DUES TO THE NATIONAL ASSOCIATION OF COLLEGE AND UNIVERSITY BUSINESS OFFICERS AND THE ASSOCIATION OF INDEPENDENT CALIFORNIA COLLEGES AND UNIVERSITIES, A PORTION OF WHICH WAS USED BY THE ORGANIZATIONS TO LOBBY FOR HIGHER EDUCATION INITIATIVES. OTHER ACTIVITIES: THE UNIVERSITY HIRED A LOBBYING FIRM IN CONNECTION WITH LAND USE ISSUES. 7 295983 215500 1362682 1 1 10098844 X X X 0 0 1 X 1145290820 87393092 21517845 16113915 37219451 1200868391 908307875 23371272 273594646 15474077 44508896 1145290820 917551019 53457004 -15420363 15036229 32243556 908307875 904143256 20848280 38449008 45889525 917551019 860333000 13743769 69227350 0 39160863 904143256 0.56307 0.33943 0.09751 1 1 1 24719804 24719804 34083933 696384259 257599560 472868632 43915149 18785908 25129241 19260710 234305 19026405 541744082 ALTERNATIVE INVESTMENTS 920696423 F LIMITED PARTNERSHIPS 1049912 F OTHER INVESTMENTS 860734 F 922607069 ASSETS HELD AS TRUSTEE 64833626 INVESTMENTS IN SUBSIDIARIES 74752271 ASSETS UNDER AGENCY AGREEMENTS 67973302 RIGHT OF USE ASSETS 49630967 257190166 U.S. GOVERNMENT STUDENT LOANS 5393002 TAXABLE BOND LIABILITIES 566594275 LEASE LIABILITY 58094192 630081469 X 472283415 -82294043 444523 -81849520 554132935 6704616 158243408 164948024 719080959 475705395 1027507 1027507 474677888 6704616 158243408 164948024 639625912 PART III, LINE 4: COLLECTION OF ART AND OTHER SIMILAR ASSETS: COLLECTIONS CONSIST OF ITEMS ACQUIRED BY THE UNIVERSITY'S LIBRARY THAT REQUIRE SPECIAL HANDLING DUE TO THEIR RARITY, VALUE, AND/OR PHYSICAL CONDITION. THE UNIVERSITY ALSO MAINTAINS AN ARCHIVAL COLLECTION OF OFFICIAL DOCUMENTS, PAPERS, PUBLICATIONS, AND ARTIFACTS OF PEPPERDINE UNIVERSITY AND PERSONS CONNECTED TO THE UNIVERSITY. THESE COLLECTIONS ARE PROTECTED AND PRESERVED FOR EDUCATION, RESEARCH, AND PUBLIC EXHIBITION. PART IV, LINE 2B: ESCROW AND CUSTODIAL ARRANGEMENTS: PEPPERDINE UNIVERSITY RECORDS A CUSTODIAL LIABILITY FOR CHARITABLE GIFT ANNUITIES, CHARITABLE REMAINDER TRUSTS, AND LIFE ESTATES THAT ARE SUBJECT TO LIFE INTERESTS OF THE BENEFICIARIES. NO SIGNIFICANT FINANCIAL BENEFIT CAN BE REALIZED UNTIL CONTRACTUAL OBLIGATIONS ARE REALIZED. THE UNIVERSITY ALSO ACTS AS THE FISCAL AGENT FOR FUNDS RELATED TO UNIVERSITY SPONSORED AND/OR AFFILIATED PROGRAMS, AS WELL AS STUDENT GROUPS. THE UNIVERSITY DOES NOT OWN THE FUNDS ASSOCIATED WITH THESE GROUPS. PART V, LINE 4: USE OF ENDOWMENT FUNDS: THE INTENT OF PEPPERDINE UNIVERSITY'S ENDOWMENT FUND IS TO GENERATE REVENUES NECESSARY TO SUPPORT THE UNIVERSITY'S EXEMPT PURPOSE, INCLUDING EDUCATION, RESEARCH, AND SCHOLARSHIP. PART X, LINE 2: LIABILITY FOR UNCERTAIN TAX POSITIONS: AS A NOT-FOR-PROFIT EDUCATIONAL INSTITUTION, THE UNIVERSITY IS EXEMPT FROM FEDERAL AND CALIFORNIA INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE (EXCEPT FOR TAXES ON UNRELATED BUSINESS INCOME). SINCE THE UNIVERSITY'S UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JULY 31, 2022 AND 2021 WAS IMMATERIAL, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: ACTUARIAL ADJUSTMENT OF TRUST OBLIGATIONS 4,159,967. GROSS UP OF PP&E G/L 137,415. FUNDRAISING EXP REPORTED AS FUNCTIONAL EXP ON FS 890,092. CHANGE IN VALUE OF BENEFICIAL INTEREST -4,742,951. PART XI, LINE 4B - OTHER ADJUSTMENTS: GROSS-UP NON-OPERATING EXP REPORTED NET ON FINANCIALS 2,934,111. GROSS-UP WSI TRANSFER 908,377. GROSS-UP FINANCIAL AID REPORTED NET ON FINANCIALS 154,400,920. PART XII, LINE 2D - OTHER ADJUSTMENTS: GROSS UP OF PP&E GAIN/LOSS 137,415. FUNDRAISING EXP REPORTED NET OF REVENUE ON FORM 990 890,092. PART XII, LINE 4B - OTHER ADJUSTMENTS: GROSS-UP NON-OPERATING EXP REPORTED NET ON FINANCIALS 2,934,111. GROSS-UP WSI TRANSFER 908,377. GROSS-UP FINANCIAL AID REPORTED NET ON FINANCIALS 154,400,920. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 PEPPERDINE UNIVERSITY DISPLAYS A NOTICE OF ITS RACIALLY NONDISCRIMINATORY POLICY ON ITS PRIMARY, PUBLICLY ACCESSIBLE INTERNET HOMEPAGE AT ALL TIMES IN ACCORDANCE WITH REV. PROC. 2019-22. SCHEDULE E, PART I, LINE 6 PEPPERDINE UNIVERSITY IS AWARDED GRANTS FROM GOVERNMENT AGENCIES TO PROVIDE FINANCIAL AID TO STUDENTS. THESE GOVERNMENT AGENCIES INCLUDE, BUT ARE NOT LIMITED TO, THE U.S. DEPARTMENT OF EDUCATION, THE CALIFORNIA STUDENT AID COMMISSION, AND THE CORPORATION FOR NATIONAL AND COMMUNITY SERVICE. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 237433278 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 INVESTMENTS 12977461 EUROPE (INCLUDING ICELAND AND GREENLAND) 4 161 PROGRAM SERVICES EDUCATIONAL PROGRAMS 13686763 SOUTH AMERICA 1 28 PROGRAM SERVICES EDUCATIONAL PROGRAMS 1757897 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES EDUCATIONAL PROGRAMS 119089 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES EDUCATIONAL PROGRAMS 151795 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES EDUCATIONAL PROGRAMS 140197 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 GRANTMAKING SCHOLARSHIPS / FINANCIAL ASSISTANCE 6104323 SOUTH AMERICA 0 0 GRANTMAKING SCHOLARSHIPS / FINANCIAL ASSISTANCE 1018970 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING SCHOLARSHIPS / FINANCIAL ASSISTANCE 255951 SUB-SAHARAN AFRICA 0 0 GRANTMAKING SCHOLARSHIPS / FINANCIAL ASSISTANCE 118144 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTMAKING SCHOLARSHIPS / FINANCIAL ASSISTANCE 100122 5 189 0 0 5 189 272370803 1493187 273863990 SCHOLARSHIPS / FINANCIAL ASSISTANCE EUROPE (INCLUDING ICELAND AND GREENLAND) 383 6104323 STUDENT ACCOUNT 0 N/A N/A SCHOLARSHIPS / FINANCIAL ASSISTANCE SOUTH AMERICA 73 1018970 STUDENT ACCOUNT 0 N/A N/A SCHOLARSHIPS / FINANCIAL ASSISTANCE EAST ASIA AND THE PACIFIC 21 255951 STUDENT ACCOUNT 0 N/A N/A SCHOLARSHIPS / FINANCIAL ASSISTANCE SUB-SAHARAN AFRICA 19 118144 STUDENT ACCOUNT 0 N/A N/A SCHOLARSHIPS / FINANCIAL ASSISTANCE MIDDLE EAST AND NORTH AFRICA 20 100122 STUDENT ACCOUNT 0 N/A N/A 1 0 1 1 1 0 PART I, LINE 2: MONITORING OF FUNDS: PEPPERDINE UNIVERSITY MAINTAINS AN OFFICE OF RESEARCH, GRANTS, AND FOUNDATION RELATIONS THAT OVERSEES THE ADMINISTRATION OF ALL GRANTS, DOMESTIC AND INTERNATIONAL, TO ENSURE COMPLIANCE WITH GRANT REQUIREMENTS, AS WELL AS LAWS AND REGULATIONS. FURTHER OVERSIGHT IS PROVIDED BY THE UNIVERSITY'S FINANCE OFFICE. PART III ACCOUNTING METHOD: PART I, LINE 3(F) ACCOUNTING BASIS: EXPENDITURES REPORTED IN COLUMN (F) ARE THE REGIONAL EXPENDITURES INCURRED BY THE UNIVERSITY IN U.S. DOLLARS, AND BASED ON THE ACCRUAL BASIS OF ACCOUNTING. PART III, COLUMN (C) NUMBER OF RECIPIENTS: THE NUMBER OF RECIPIENTS REPORTED IN COLUMN (C) IS DETERMINED BY REVIEWING THE ACTUAL NUMBER OF STUDENTS THAT RECEIVED AID FROM THE RESPECTIVE REGION. PART III, COLUMN (D) ACCOUNTING BASIS: EXPENDITURES REPORTED IN COLUMN (D) ARE IN U.S. DOLLARS USING THE ACCRUAL BASIS OF ACCOUNTING. GOLF TOURNAMENT 461362 234873 226489 242809 ASSOC. DINNER 244200 189200 55000 279 108758 361731 3 95653 95653 464 1924 61553 1000 111574 801215 424073 377142 464 1924 61832 109758 716114 890092 -512950 1 WAVE SERVICES INC 24255 PACIFIC COAST HIGHWAY MALIBU CA 90263 954315778 501(C)(3) 908377 0 N/A N/A SUPPORT 1 0 SCHOLARSHIPS / FINANCIAL AID PAID 8612 146803410 N/A N/A PART I, LINE 2: MONITORING USE OF FUNDS: GRANTS ARE PROVIDED ON THE BASIS OF VERIFIED FINANCIAL NEED OR MERIT. THE UNIVERSITY DOES NOT UNLAWFULLY DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL OR ETHNIC ORIGIN, RELIGION, AGE, SEX, DISABILITY, OR PRIOR MILITARY SERVICE. FINANCIAL ASSISTANCE IS MONITORED SO THAT IT IS IN COMPLIANCE WITH AWARDING TERMS AND CONDITIONS. EXPENDITURES ARE REVIEWED FOR PERMISSIBILITY AND COMPLIANCE. STUDENTS ARE REQUIRED TO SUBMIT APPROPRIATE DOCUMENTS PRIOR TO APPROVAL. PART III, LINE(B) NUMBER OF RECIPIENTS: CASH GRANTS ARE CREDITS TO STUDENT ACCOUNTS. THE NUMBER OF RECIPIENTS REPRESENTS ONLY THE NUMBER OF STUDENTS RECEIVING INSTITUTIONAL FUNDING AND FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS. OUTSIDE GRANTS, OR APPLICATION OF FUNDS PROVIDED BY OUTSIDE ORGANIZATIONS, ARE NOT INCLUDED. X X X X X X 1 1 X X X X 0 1 0 0 0 0 0 1 0 JAMES GASH PRESIDENT & CEO 448556 0 135750 0 2626 0 22217 0 319680 0 928829 0 0 0 LORENZO ROMAR HEAD COACH, BASKETBALL 720025 0 25750 0 28667 0 11400 0 34555 0 820397 0 0 0 GARY HANSON EXECUTIVE VP 384969 0 95750 0 108483 0 11400 0 38072 0 638674 0 97496 0 DERYCK JANSE VAN RENSBURG DEAN, GRAZIADIO BUSINESS SCHOO 466916 0 28547 0 7248 0 11400 0 43879 0 557990 0 0 0 RICK MARRS PROFESSOR OF RELIGION 262860 0 750 0 48571 0 48578 0 170260 0 531019 0 0 0 PHIL PHILLIPS SVP FOR ADMINISTRATION & COO 234382 0 32750 0 20638 0 45872 0 193554 0 527196 0 0 0 JAY BREWSTER PROVOST AS OF 8/21 170799 0 13250 0 34985 0 32867 0 261021 0 512922 0 0 0 PAUL CARON DEAN, CARUSO SCHOOL OF LAW 229582 0 22392 0 23261 0 42421 0 140117 0 457773 0 0 0 SAMUEL HINKLE SV CHANCELLOR 172037 0 750 0 102417 0 64850 0 111513 0 451567 0 83435 0 SARA YOUNG JACKSON CHANCELLOR 310897 0 19650 0 65465 0 19511 0 22137 0 437660 0 0 0 UISUP PARK ASSOC PROF & ASSOC DEAN PGBS 220042 0 750 0 91820 0 14573 0 83590 0 410775 0 0 0 EDWARD LARSON DARLING CHAIR IN LAW & PROFESS 276796 0 33250 0 35736 0 18752 0 43958 0 408492 0 0 0 SARA COSENTINO VP FOR ADV & CHIEF DEV OFFICER 290179 0 18750 0 25459 0 19108 0 53169 0 406665 0 0 0 LARRY PERRIN SVP STRATEGIC IMPLEMENTATION 291865 0 30750 0 7252 0 19325 0 51701 0 400893 0 0 0 MICHAEL FELTNER DEAN, SEAVER & PROFESSOR 287359 0 30775 0 7039 0 19256 0 54026 0 398455 0 0 0 DAVID SMITH ASSOC. PROFESSOR & ASSOC. PROV 230244 0 750 0 72936 0 15965 0 53244 0 373139 0 0 0 SUKHSIMRANJIT SINGH MNGNG DIR & ASSOC PROF STRAUS 177803 0 10750 0 146833 0 11952 0 24849 0 372187 0 0 0 CHARLES PIPPIN SVP INVTS & CIO THRU 10/21 304252 0 0 0 19498 0 15331 0 31923 0 371004 0 0 0 MARC GOODMAN GENERAL COUNSEL 282372 0 28858 0 24464 0 18856 0 12123 0 366673 0 0 0 HELEN WILLIAMS DEAN, GSEP; PROF THRU 07/22 148309 0 26012 0 27368 0 37009 0 98364 0 337062 0 0 0 ANDREW BENTON FORMER PRESIDENT 283357 0 0 0 10334 0 11400 0 24822 0 329913 0 0 0 LEE KATS VICE PROVOST 265166 0 27297 0 8282 0 17587 0 11168 0 329500 0 0 0 DANIEL DEWALT VP & CHIEF OF STAFF 251351 0 24500 0 14397 0 17229 0 19838 0 327315 0 0 0 CONNIE HORTON VP FOR STUDENT AFFAIRS 117244 0 23350 0 27660 0 57390 0 98107 0 323751 0 0 0 GREG RAMIREZ CHIEF FINANCIAL OFFICER 268021 0 30750 0 635 0 18052 0 2126 0 319584 0 0 0 NICOLLE TAYLOR VP & CHIEF BUSINESS OFFICER 246355 0 24844 0 642 0 16565 0 17571 0 305977 0 0 0 RICK GIBSON SV CHANCELLOR 149375 0 750 0 17633 0 34167 0 100219 0 302144 0 0 0 JEFFREY ROHDE CHIEF INV OFFICER AS OF 12/21 258190 0 750 0 423 0 17597 0 24815 0 301775 0 0 0 JONATHAN SEE CHIEF INFORMATION OFFICER 227181 0 750 0 2121 0 15249 0 20691 0 265992 0 0 0 MICHAEL NICKS DIRECTOR OF INVESTMENTS 185583 0 750 0 1496 0 13322 0 53239 0 254390 0 0 0 FAYE HOLTON DIRECTOR OF INVESTMENTS 197325 0 750 0 1842 0 13207 0 20598 0 233722 0 0 0 LAURA PONDER CONTROLLER 196336 0 7750 0 418 0 7930 0 9830 0 222264 0 0 0 JERI-ELAYNE GOOSBY SMITH VP COMM BELONGING & CDO 121915 0 750 0 37511 0 5026 0 17758 0 182960 0 0 0 PART I, LINE 1A FIRST CLASS TRAVEL PURSUANT TO A WRITTEN POLICY AND APPROPRIATE APPROVAL, FIRST CLASS TRAVEL IS PERMITTED FOR CERTAIN OFFICERS AND EMPLOYEES FOR BUSINESS PURPOSES. TRAVEL FOR BUSINESS PURPOSES IS NOT INCLUDED IN TAXABLE WAGES. SEVEN OFFICERS AND TWO HIGHEST COMPENSATED EMPLOYEES LISTED ON FORM 990, PART VII FLEW FIRST CLASS FOR BUSINESS PURPOSES DURING CALENDAR YEAR 2021. TRAVEL FOR COMPANIONS PURSUANT TO A WRITTEN POLICY AND APPROPRIATE APPROVAL, CERTAIN OFFICERS AND EMPLOYEES' SPOUSES ARE PERMITTED TO TRAVEL ON OCCASION, WHEN NECESSARY FOR BUSINESS PURPOSES. TRAVEL FOR BUSINESS PURPOSES IS NOT INCLUDED IN TAXABLE WAGES. FIVE OFFICERS AND ONE HIGHEST COMPENSATED EMPLOYEE LISTED ON FORM 990, PART VII WERE PROVIDED WITH COMPANION TRAVEL FOR BUSINESS PURPOSES DURING CALENDAR YEAR 2021. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS THE UNIVERSITY PROVIDES TAX INDEMNIFICATION AND GROSS-UP PAYMENTS TO EMPLOYEES THAT PROVIDE LATE SUBSTANTIATION OF EXPENSES UNDER ACCOUNTABLE PLAN RULES FOR ORDINARY AND NECESSARY BUSINESS EXPENSES. IN SOME CASES, TAX INDEMNIFICATION OR GROSS-UP PAYMENTS ARE ALSO PROVIDED FOR THE REIMBURSEMENT OF CERTAIN TAXABLE MOVING EXPENSES. ADDITIONALLY, AS PART OF THE MINISTERIAL HOUSING PROGRAM, THE UNIVERSITY ALSO PROVIDES ADDITIONAL COMPENSATION TO PARTICIPANTS FOR WAGE WITHHOLDING, IN AN AMOUNT EQUAL TO THE EMPLOYER'S SHARE OF THE PARTICIPANTS' SELF-EMPLOYMENT TAX. FOUR OFFICERS, ONE KEY EMPLOYEE, THREE FORMER OFFICERS, AND ONE FORMER KEY EMPLOYEE LISTED ON FORM 990, PART VII WERE PROVIDED TAX INDEMNIFICATION OR GROSS-UP PAYMENTS DURING CALENDAR YEAR 2021. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE SUBJECT TO EXECUTIVE APPROVAL, THE UNIVERSITY PROVIDES A MINISTERIAL HOUSING ALLOWANCE TO EMPLOYEES WHO ARE MINISTERS. THE ALLOWANCE IS INCLUDED IN THE NONTAXABLE BENEFITS OF SUCH EMPLOYEES. THREE OFFICERS, ONE KEY EMPLOYEE, THREE FORMER OFFICERS, AND ONE FORMER KEY EMPLOYEE LISTED ON FORM 990, PART VII WERE PROVIDED A MINISTERIAL HOUSING ALLOWANCE DURING CALENDAR YEAR 2021. ADDITIONALLY, ON-CAMPUS HOUSING PROVIDED AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE EMPLOYER IS NOT INCLUDED IN TAXABLE WAGES. TWO OFFICERS AND ONE FORMER OFFICER LISTED ON FORM 990, PART VII WERE PROVIDED ON-CAMPUS HOUSING AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE EMPLOYER DURING CALENDAR YEAR 2021. HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES EXPENDITURES FOR BUSINESS PURPOSES ARE APPROVED PURSUANT TO THE UNIVERSITY'S REIMBURSEMENT POLICIES. SUCH REIMBURSEMENTS ARE NOT INCLUDED IN TAXABLE WAGES. TWO OFFICERS AND THREE FORMER OFFICERS LISTED ON FORM 990, PART VII RECEIVED REIMBURSEMENTS FOR EXPENDITURES ASSOCIATED WITH HEALTH OR SOCIAL CLUB MEMBERSHIPS USED FOR BUSINESS PURPOSES DURING CALENDAR YEAR 2021. PERSONAL SERVICES EXPENDITURES FOR BUSINESS PURPOSES ARE APPROVED PURSUANT TO THE UNIVERSITY'S REIMBURSEMENT POLICIES. SUCH REIMBURSEMENTS ARE NOT INCLUDED IN TAXABLE WAGES. ONE OFFICER LISTED ON FORM 990, PART VII WAS PROVIDED CLEANING SERVICES IN CONNECTION WITH A BUSINESS RELATED EVENT DURING CALENDAR YEAR 2021. ADDITIONALLY, ONE OFFICER WAS PROVIDED LAUNDRY AND LUGGAGE SERVICES IN CONNECTION WITH BUSINESS RELATED TRAVEL DURING CALENDAR YEAR 2021, AND ONE OFFICER AND ONE FORMER KEY EMPLOYEE WERE PROVIDED CHAUFFEUR / CAR SERVICES FOR BUSINESS RELATED TRANSPORTATION DURING CALENDAR YEAR 2021. PART I, LINE 7 NONFIXED PAYMENTS: THE BOARD OF REGENTS, IN ITS DISCRETION, PROVIDES OBJECTIVES AND KEY RESULTS, AND POTENTIAL MAXIMUM BONUS AMOUNTS FOR THE PRESIDENT EACH YEAR. SIMILARLY, THE PRESIDENT, IN HIS DISCRETION, PROVIDES OBJECTIVES AND KEY RESULTS, AND POTENTIAL BONUSES FOR SELECT SENIOR ADMINISTRATORS EACH YEAR. THE BOARD OF REGENTS DEFINES THE MAXIMUM CUMULATIVE BONUS AMOUNT AVAILABLE FOR BONUS PLAN PARTICIPANTS EACH YEAR. OBJECTIVES AND KEY RESULTS FOR BOTH THE PRESIDENT AND SELECT SENIOR ADMINISTRATORS MAY SPAN ACROSS MULTIPLE YEARS. THE BOARD OF REGENTS ANNUALLY ASSESSES THE PRESIDENT'S PROGRESS TOWARD ACHIEVING OBJECTIVES AND KEY RESULTS, BOTH INDIVIDUALLY AND COLLECTIVELY, AND BASED UPON ITS SOLE ASSESSMENT, MAY AWARD A BONUS UP TO THE MAXIMUM POTENTIAL AMOUNT ESTABLISHED FOR A PARTICULAR OBJECTIVE AND KEY RESULT. SIMILARLY, THE PRESIDENT ANNUALLY ASSESSES SELECT SENIOR ADMINISTRATORS' PROGRESS TOWARD ACHIEVING OBJECTIVES AND KEY RESULTS, BOTH INDIVIDUALLY AND COLLECTIVELY, AND MAY AWARD A BONUS UP TO THE MAXIMUM AMOUNT ESTABLISHED FOR A PARTICULAR OBJECTIVE AND KEY RESULT. ADDITIONALLY, THE GOVERNANCE COMMITTEE ON ITS OWN INITIATIVE, OR AT THE REQUEST OF THE PRESIDENT, MAY AT ITS SOLE DISCRETION, CONDUCT AN INTERIM ASSESSMENT OF ANY PARTICULAR OBJECTIVE AND KEY RESULT. BASED ON ITS ASSESSMENT, THE GOVERNANCE COMMITTEE MAY RECOMMEND TO THE BOARD OF REGENTS ANY ACTION THAT MAY BE APPROPRIATE, INCLUDING FOR EXAMPLE, THAT A BONUS BE IMMEDIATELY AWARDED. LIKEWISE, THE PRESIDENT, MAY AT HIS SOLE DISCRETION, CONDUCT AN INTERIM ASSESSMENT OF ANY PARTICULAR OBJECTIVE AND KEY RESULT AND TAKE ANY ACTION THAT MAY BE APPROPRIATE, INCLUDING FOR EXAMPLE, THAT A BONUS BE IMMEDIATELY AWARDED TO SELECT SENIOR ADMINISTRATORS. THE GOVERNANCE COMMITTEE IS ANNUALLY APPRISED OF THE PRESIDENT'S RATIONALE AND AWARDS OF BONUSES TO SELECT SENIOR ADMINISTRATORS. PART I, LINE 4B SUPPLEMENTAL NONQUALIFIED PLANS: PEPPERDINE UNIVERSITY HAD AN INCENTIVE COMPENSATION PLAN FOR CERTAIN KEY EXECUTIVES. UNDER THE PLAN, UPON ACHIEVEMENT OF CERTAIN EXPECTATIONS AND GOALS, AND AT THE DISCRETION OF THE BOARD OF REGENTS, THE PARTICIPANT WOULD RECEIVE A UNIVERSITY CONTRIBUTION TO THE PLAN FOR THAT PLAN YEAR. UNIVERSITY CONTRIBUTIONS TO THE PLAN BECAME GRADUALLY VESTED BEGINNING WITH THE LAST DAY OF THE THIRD PLAN YEAR FOLLOWING THE CONTRIBUTION, AND VESTED FULLY AT THE COMPLETION OF THE SEVENTH PLAN YEAR FOLLOWING THE AWARD. WHEN THE EMPLOYEE ATTAINED THE AGE OF 62, THE ACCOUNT FULLY VESTED AND WAS FULLY PAID OUT TO THE EMPLOYEE. THE VESTING SCHEDULE THEN ACCELERATED SUCH THAT THE EMPLOYEE WAS FULLY VESTED AFTER AGE 62. THIS INCENTIVE COMPENSATION PLAN ENDED EFFECTIVE AUGUST 1, 2022. NO AMOUNTS WERE AWARDED DURING CALENDAR YEAR 2021. THE FOLLOWING AMOUNTS WERE VESTED AND INCLUDED IN THE EMPLOYEES' COMPENSATION DURING CALENDAR YEAR 2021: GARY HANSON - $97,496 SAMUEL HINKLE - $83,435 PART II, COLUMN (F): REPORTED AS DEFERRED IN PRIOR YEAR: AMOUNTS REPORTED ON SCHEDULE J, PART II, COLUMN (F) WERE PREVIOUSLY REPORTED ON THE UNIVERSITY'S FORM 990 FOR PRIOR YEARS AS AMOUNTS AWARDED UNDER THE INCENTIVE COMPENSATION PLAN DISCLOSED IN RESPONSE TO SCHEDULE J, PART I, LINE 4B. A CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130179AX2 2015-09-03 87786387 REFUND 2005A & 2005B BONDS 1 0 0 B CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130179FV1 2016-03-17 117753105 REFUND 2010 BONDS, CONSTRUCTION & FACILITIES 1 0 0 C CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130179LU6 2017-12-21 24514680 REFUND 2012 BONDS 0 0 0 A 7975000 59975000 87786387 717742 87068645 2015 1 0 1 1 B 3310000 88690000 117753105 868673 99395549 17488883 2016 0 1 1 1 C 1195000 24514680 20519621 298224 3800000 2017 0 1 1 1 A 0 0 0 0 0.00000 0.00130 0.00130 0 0 1 B 0 0 0 0 0.00000 0.01440 0.01440 0 0 1 C 0 0 0 0 0.00000 0.00530 0.00530 0 0 1 A 0 0 1 0 0 0 0 0 1 B 0 0 0 1 0 0 0 1 1 C 0 0 1 0 0 0 0 0 1 A 1 B 1 C 1 SCHEDULE K, PART I, LINE B, COLUMN (F) - DESCRIPTION OF PURPOSE: REFUND 2010 BONDS ORIGINALLY ISSUED ON 04/28/2010, AND CONSTRUCTION AND FACILITIES. SCHEDULE K, PART I, LINE C, COLUMN (F) - DESCRIPTION OF PURPOSE: REFUND 2012 BONDS ORIGINALLY ISSUED ON 06/05/2012. SCHEDULE K, PART I, LINE A, COLUMN (F) - DESCRIPTION OF PURPOSE: REFUND 2005A AND 2005B BONDS ORIGINALLY ISSUED ON 08/03/2005 AND 09/06/2005, RESPECTIVELY. SCHEDULE K, PART IV, LINE 2C, COLUMN (B) - DATE REBATE COMPUTATION WAS PERFORMED: 03/17/2022 MICHAEL NICKS KEY EMPLOYEE RELOCATION X 320000 343813 0 0 1 JEFFREY ROHDE KEY EMPLOYEE RELOCATION X 350000 364614 0 0 1 LARRY PERRIN OFFICER RELOCATION X 100000 102967 0 0 1 DANIEL DEWALT OFFICER RELOCATION X 100000 101247 0 0 1 SARA COSENTINO OFFICER RELOCATION X 100000 101244 0 0 1 DAMON BURNETT OFFICER RELOCATION X 100000 100296 0 0 1 MICHAEL THOMAS OFFICER RELOCATION X 100000 100008 0 0 1 JAY BREWSTER OFFICER RELOCATION X 22979 26386 0 0 1 1240575 JEREMY MARRS SON OF FORMER OFFICER 192891 EMPLOYMENT - COMPENSATION & BENEFITS 0 NICOLE MARRS DAUGHTER-IN-LAW OF FORMER OFFICER 168446 EMPLOYMENT - COMPENSATION & BENEFITS 0 JENNIFER AKAMINE PHILLIPS DAUGHTER-IN-LAW OF REGENT 83325 EMPLOYMENT - COMPENSATION & BENEFITS 0 RONALD PHILLIPS FATHER OF OFFICER 348906 EMPLOYMENT - COMPENSATION & BENEFITS 0 SHANNON PHILLIPS SISTER-IN-LAW OF OFFICER 207382 EMPLOYMENT - COMPENSATION & BENEFITS 0 PHILIP CHO SON-IN-LAW OF OFFICER 82740 EMPLOYMENT - COMPENSATION & BENEFITS 0 AGNES GIBSON SPOUSE OF FORMER OFFICER 86128 EMPLOYMENT - COMPENSATION & BENEFITS 0 CASSANDRA HORTON DAUGHTER-IN-LAW OF OFFICER 39365 EMPLOYMENT - COMPENSATION & BENEFITS 0 JENNA DEWALT DAUGHTER OF OFFICER 59359 EMPLOYMENT - COMPENSATION & BENEFITS 0 STEPHEN BOST SON OF REGENT 99122 EMPLOYMENT - COMPENSATION & BENEFITS 0 SHARON BEARD SPOUSE OF REGENT 191760 EMPLOYMENT - COMPENSATION & BENEFITS 0 MARK COSENTINO SPOUSE OF OFFICER 91775 EMPLOYMENT - COMPENSATION & BENEFITS 0 X 2 RETAIL COST X 2787 RETAIL COST X 47 4172495 AVG PRICE/DONATE DAY X 2 2 RETAIL COST X 3 3 RETAIL COST X AIR TRAVEL 6 260473 RETAIL COST X OTHER 60 113856 RETAIL COST X CAR RENTALS 6 8139 RETAIL COST X GIFT CERT 11 4120 RETAIL COST 1 0 1 0 SCHEDULE M, PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS OR ITEMS CONTRIBUTED: THE UNIVERSITY REPORTS THE NUMBER OF CONTRIBUTIONS RECEIVED, NOT THE INDIVIDUAL NUMBER OF ITEMS INCLUDED IN THOSE CONTRIBUTIONS. FORM 990, PART I, LINE 1 - ORGANIZATION'S SIGNIFICANT ACTIVITIES: COMMITTED TO THE HIGHEST STANDARDS OF ACADEMIC EXCELLENCE AND CHRISTIAN VALUES, WHERE STUDENTS ARE STRENGTHENED FOR LIVES OF PURPOSE, SERVICE, AND LEADERSHIP. THE UNIVERSITY ENROLLS APPROXIMATELY 10,400 STUDENTS IN ITS FIVE COLLEGES AND SCHOOLS. SEAVER COLLEGE, THE UNIVERSITY'S UNDERGRADUATE LIBERAL ARTS COLLEGE, THE CARUSO SCHOOL OF LAW, AND THE SCHOOL OF PUBLIC POLICY ARE HEADQUARTERED ON 830 ACRES IN THE SANTA MONICA MOUNTAINS OVERLOOKING THE PACIFIC OCEAN IN MALIBU, CALIFORNIA. THE GRADUATE SCHOOL OF EDUCATION AND PSYCHOLOGY AND THE PEPPERDINE GRAZIADIO BUSINESS SCHOOL ARE HEADQUARTERED AT THE UNIVERSITY'S WEST LOS ANGELES, CALIFORNIA GRADUATE CAMPUS. FORM 990, PART I, LINE 6 - NUMBER OF VOLUNTEERS: THERE ARE A NUMBER OF STUDENTS AND ALUMNI THAT VOLUNTEER THEIR TIME FOR VARIOUS PURPOSES AT THE UNIVERSITY. THESE VOLUNTEERS, HOWEVER, ARE NOT FORMALLY TRACKED BY THE UNIVERSITY. ACCORDINGLY, THE NUMBER OF VOLUNTEERS REPRESENTS THE NUMBER OF VOLUNTEER REGENTS ON THE BOARD OF REGENTS AS OF THE END OF THE TAX YEAR. FORM 990, PART III, LINE 1, ORGANIZATION'S MISSION: THE UNIVERSITY ENROLLS APPROXIMATELY 10,400 STUDENTS IN ITS FIVE COLLEGES AND SCHOOLS. SEAVER COLLEGE, THE UNIVERSITY'S UNDERGRADUATE LIBERAL ARTS COLLEGE, THE CARUSO SCHOOL OF LAW, AND THE SCHOOL OF PUBLIC POLICY ARE HEADQUARTERED ON 830 ACRES IN THE SANTA MONICA MOUNTAINS OVERLOOKING THE PACIFIC OCEAN IN MALIBU, CALIFORNIA. THE GRADUATE SCHOOL OF EDUCATION AND PSYCHOLOGY AND THE PEPPERDINE GRAZIADIO BUSINESS SCHOOL ARE HEADQUARTERED AT THE UNIVERSITY'S WEST LOS ANGELES, CALIFORNIA GRADUATE CAMPUS. FORM 990, PART III, LINE 4B, PROGRAM SERVICE ACCOMPLISHMENTS: THE CHATEAU WILL ALSO SERVE AS PEPPERDINE UNIVERSITY'S INTERNATIONAL PROGRAM EUROPEAN HEADQUARTERS, AND AN INTERNATIONAL CONFERENCE CENTER. PEPPERDINE UNIVERSITY BELIEVES IN A LOW STUDENT-FACULTY RATIO (13:1), AND HAS AN AVERAGE CLASS SIZE OF 19. THE UNIVERSITY OFFERS 61 MAJORS THAT UNDERGRADUATES CAN PURSUE, AS WELL AS 35 GRADUATE DEGREES, INCLUDING FIVE DOCTORAL DEGREES. FORM 990, PART V, LINE 2A, NUMBER OF EMPLOYEES: THE NUMBER OF EMPLOYEES INCLUDES STUDENT WORKERS. FORM 990, PART VI, SECTION A, LINE 1A GOVERNING BODY VOTING MEMBERS: THE BOARD OF REGENTS OF PEPPERDINE UNIVERSITY HAS AN EXECUTIVE COMMITTEE, WHICH MAY ACT FOR AND IN PLACE OF THE BOARD OF REGENTS BETWEEN REGULAR BOARD MEETINGS. ONLY REGENTS CAN BE MEMBERS OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE HAS THE POWER TO TRANSACT BUSINESS ON BEHALF OF THE BOARD OF REGENTS, SUBJECT TO ANY LIMITATIONS IMPOSED BY THE BOARD OF REGENTS, THE BYLAWS, OR APPLICABLE LAW. FORM 990, PART VI, SECTION A, LINE 4 SIGNIFICANT CHANGES TO GOVERNING DOCUMENTS: THE UNIVERSITY'S BYLAWS WERE AMENDED TO SPECIFY THAT THE BOARD OF REGENTS SHALL APPOINT NO FEWER THAN NINE REGENTS TO THE EXECUTIVE COMMITTEE. PREVIOUSLY, THE BYLAWS SPECIFIED THAT THE BOARD OF REGENTS SHALL APPOINT NO FEWER THAN 11 REGENTS TO THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B PROCESS TO REVIEW FORM 990: INFORMATION IS SUPPLIED BY THE UNIVERSITY TO THE PAID PREPARER TO PREPARE THE RETURN. A DRAFT VERSION OF THE FORM 990 IS PROVIDED TO SENIOR MANAGEMENT AND THE AUDIT COMMITTEE OF THE BOARD OF REGENTS FOR REVIEW. CHANGES AND COMMENTS ARE SUBMITTED TO MANAGEMENT, AND ANY NECESSARY CHANGES ARE MADE PRIOR TO THE FINAL REVIEW AND SIGNING OF THE TAX RETURN. A FULL COPY OF THE FORM 990 IS MADE AVAILABLE TO THE BOARD OF REGENTS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY ENFORCEMENT: EACH REGENT, OFFICER, AND KEY EMPLOYEE IS REQUIRED TO ANNUALLY DISCLOSE, IN WRITING, ANY FINANCIAL OR BUSINESS RELATIONSHIPS THAT HE OR SHE, OR ANY FAMILY MEMBER, HAS WITH PEPPERDINE UNIVERSITY. THE REGENT DISCLOSURES ARE REVIEWED BY THE GOVERNANCE COMMITTEE AND THE BOARD CHAIR. ALL DISCLOSURES BY SENIOR ADMINISTRATION ARE REVIEWED BY THE AUDIT COMMITTEE AND THE BOARD OF REGENTS. SENIOR ADMINISTRATION INCLUDES THE PRESIDENT, THE CHANCELLOR, THE VICE CHANCELLORS, ALL PROVOSTS, ALL VICE PRESIDENTS, THE GENERAL COUNSEL, THE CHIEF FINANCIAL OFFICER, AND THE CONTROLLER. ALL OTHER EMPLOYEE DISCLOSURES ARE REVIEWED BY GENERAL COUNSEL AND THE SENIOR EXECUTIVE VICE PRESIDENT. ALL CONFLICT SITUATIONS ARE RESOLVED DURING THE REVIEW PROCESS IN ACCORDANCE WITH THE UNIVERSITY'S CONFLICT OF INTEREST POLICY. IF AN ACTUAL CONFLICT IS FOUND FOR A REGENT, THE REGENT IS ASKED TO RECUSE HIM OR HERSELF FROM THE MATTER. RESOLUTION OF CONFLICTS FOR SENIOR ADMINISTRATORS AND OTHER EMPLOYEES ARE OVERSEEN BY GENERAL COUNSEL. FORM 990, PART VI, SECTION B, LINE 15 PRESIDENT & CEO COMPENSATION: THE GOVERNANCE COMMITTEE OF PEPPERDINE UNIVERSITY'S BOARD OF REGENTS REVIEWS THE TOTAL COMPENSATION FOR THE PRESIDENT AND CHIEF EXECUTIVE OFFICER ON AN ANNUAL BASIS. THE INDIVIDUALS ON THE GOVERNANCE COMMITTEE THAT CONDUCT THIS REVIEW ARE INDEPENDENT WITH RESPECT TO COMPENSATION DETERMINATIONS. THIS REVIEW INCLUDES CONSIDERATION OF A BENCHMARKING REPORT PROVIDED ANNUALLY BY THE UNIVERSITY'S HUMAN RESOURCES DEPARTMENT. IN ADDITION TO THE ANNUAL BENCHMARKING REPORT, THE UNIVERSITY REGULARLY REVIEWS BENCHMARKING PRACTICES BY UNDERGOING AN EVALUATION WITH A THIRD PARTY. THE UNIVERSITY'S MOST RECENT EXECUTIVE COMPENSATION ANALYSIS CONDUCTED BY AN EXTERNAL CONSULTANT WAS COMPLETED DURING CALENDAR YEAR 2022 AND FISCAL YEAR 2023. THE ANALYSIS INCLUDED A PEER GROUP EVALUATION FOR TOTAL COMPENSATION, AS WELL AS A REVIEW OF ANNUAL MERIT INCREASES. ANY DELIBERATIONS FROM THE GOVERNANCE COMMITTEE ARE REFLECTED IN A TRANSACTION REPORT THAT SUMMARIZES DECISIONS AND RECOMMENDATIONS. OTHER OFFICERS AND KEY EMPLOYEES: THE GOVERNANCE COMMITTEE OF PEPPERDINE UNIVERSITY'S BOARD OF REGENTS REVIEWS THE TOTAL COMPENSATION FOR SELECT SENIOR ADMINISTRATORS ON AN ANNUAL BASIS. THE INDIVIDUALS ON THE GOVERNANCE COMMITTEE THAT CONDUCT THIS REVIEW ARE INDEPENDENT WITH RESPECT TO COMPENSATION DETERMINATIONS. THIS REVIEW INCLUDES CONSIDERATION OF A BENCHMARKING REPORT PROVIDED ANNUALLY BY THE UNIVERSITY'S HUMAN RESOURCES DEPARTMENT. IN ADDITION TO THE ANNUAL BENCHMARKING REPORT, THE UNIVERSITY REGULARLY REVIEWS BENCHMARKING PRACTICES BY UNDERGOING AN EVALUATION WITH A THIRD PARTY. THE UNIVERSITY'S MOST RECENT EXECUTIVE COMPENSATION ANALYSIS CONDUCTED BY AN EXTERNAL CONSULTANT WAS COMPLETED DURING CALENDAR YEAR 2022 AND FISCAL YEAR 2023. THE ANALYSIS INCLUDED A PEER GROUP EVALUATION FOR TOTAL COMPENSATION, AS WELL AS A REVIEW OF ANNUAL MERIT INCREASES. ANY DELIBERATIONS FROM THE GOVERNANCE COMMITTEE ARE REFLECTED IN A TRANSACTION REPORT THAT SUMMARIZES DECISIONS AND RECOMMENDATIONS. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS AVAILABLE FOR PUBLIC INSPECTION: PEPPERDINE UNIVERSITY'S FINANCIAL STATEMENTS ARE MADE AVAILABLE VIA THE UNIVERSITY'S WEBSITE. THE UNIVERSITY DOES NOT MAKE ITS CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 11G REVENUE SHARE EXPENSES: PROGRAM SERVICE EXPENSES 54,905,647. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 54,905,647. CONSULTING SERVICES: PROGRAM SERVICE EXPENSES 1,512,559. MANAGEMENT AND GENERAL EXPENSES 2,621,991. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,134,550. MEDICAL SERVICES: PROGRAM SERVICE EXPENSES 303,771. MANAGEMENT AND GENERAL EXPENSES 5,306,711. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,610,482. TOTAL OTHER SERVICES: PROGRAM SERVICE EXPENSES 6,532,161. MANAGEMENT AND GENERAL EXPENSES 6,293,302. FUNDRAISING EXPENSES 177,079. TOTAL EXPENSES 13,002,542. FORM 990, PART XI, LINE 9: ACTUARIAL ADJUSTMENT 4,159,967. LOSS ON VALUATION OF BENEFICIAL INTEREST -4,742,951. 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