2022-05-11T21:07:27-05:00 2021-06-30 910189318 MOSS ADAMS LLP 21700 OXNARD ST STE 300 WOODLAND HILLS CA 91367 990 2020-07-01 951246140 SOUTHWESTERN LAW SCHOOL SOUT 2137386700 3050 WILSHIRE BOULEVARD LOS ANGELES CA 90010 LINDA ROSS CFO 2137386700 2022-05-03 1 LINDA ROSS 999009999 LAUREN A HAVERLOCK P00545829 8185771900 2022-05-03 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z LINDA ROSS 3050 WILSHIRE BOULEVARD LOS ANGELES CA 90010 92641791 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. 24 24 539 21 0 0 3803380 3912080 47716083 50236335 2007897 501982 1165272 841964 54692632 55492361 12530448 16235526 0 0 22214231 22716293 0 0 256705 15454869 14266369 50199548 53218188 4493084 2274173 126801745 137230356 31608810 30697092 95192935 106533264 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 41313089 16235526 50236335 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 TRADITIONAL 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 SIX 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; AND (6) LABOR & EMPLOYMENT LAW. 41313089 1 1 0 0 0 0 0 0 0 1 1 1 1 1 1 1 1 0 1 0 0 0 0 0 0 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 1346 0 1 539 1 0 0 0 0 0 0 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X LINDA ROSS 2137386818 3050 WILSHIRE BLVD LOS ANGELES CA 90010 CHARLES P FAIRCHILD CHAIR OF THE BOARD OF TRUSTEES 1.00 X X 0 0 0 JULIE K XANDERS VICE CHAIR BOARD OF TRUSTEES 1.00 X X 0 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 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 KAREN A HENRY 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 PATRICK BAGHDASERIANS PRESIDENT, SW ALUM ASSOC (THRU 5/21) 1.00 X 0 0 0 PETER DUCHESNEAU BOARD MEMBER 1.00 X 0 0 0 ROBERT GLASSMAN PRESIDENT, SW ALUM ASSOC (AS OF 5/21) 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 SUSAN PRAGER DEAN/PRESIDENT 40.00 X 388111 0 28672 MICHAEL CARTER EVP CAO 40.00 X 293000 0 66019 LINDA ROSS CFO 40.00 X 195525 0 31881 JANIS YOKOYAMA CORPORATE SECRETARY 40.00 X 147313 0 15890 JOERG W KNIPPRATH FACULTY 40.00 X 210179 0 61964 WARREN S GRIMES FACULTY 40.00 X 206308 0 52436 CHRISTOPHER D CAMERON FACULTY 40.00 X 208613 0 49968 CATHERINE L CARPENTER FACULTY 40.00 X 207966 0 49932 MICHAEL B DORFF FACULTY 40.00 X 216015 0 20720 2073030 0 377482 72 0 1 0 US SECURITY ASSOCIATES INC PO BOX 31001-2374 PASADENA CA 911102374 SECURITY SERVICES 824322 COMMUNITY COUNSELING SERVICE CO LLC 527 MADISON AVENUE 5TH FLOOR NEW YORK NY 10022 FUNDRAISING CONSULTING SERVICES 214101 KOHL BUILDING MAINTENANCE 9538 TOPANGA CANYON BLVD CHATWORTH CA 91311 JANITORIAL SERVICES 120660 3 854321 3057759 95255 3912080 STUDENT TUITION AND FEES 611310 48206436 48206436 STUDENT HOUSING 611710 1891254 1891254 INTEREST EARNED ON STUDENT LOANS 611710 95226 95226 SALES AND SERVICES OF EDUCATION D 611710 43419 43419 50236335 168542 168542 95 95 1298696 781621 517075 517075 517075 36701154 36367809 333345 333345 333345 STUDENT CONVENIENCE (ETC. PARKING 812930 137638 137638 CONFERENCE REVENUE 611710 34900 34900 152351 152351 324889 55492361 50236335 0 1343946 16235526 16235526 1129409 1107666 21743 219867 219867 16842450 13262670 3481747 98033 1277807 1019771 249287 8749 1789944 1306134 470404 13406 1456816 1038937 411259 6620 805556 805556 253825 253825 121440 121440 158528 158528 1663473 534129 1040808 88536 283763 103156 180262 345 1183735 174393 1001499 7843 964864 9201 955663 2312102 1229859 1082243 102961 62957 40004 258041 229079 17532 11430 1304830 1264231 40599 2429492 1692541 736951 311526 181593 129933 LIBRARY BOOKS AND COURS 862383 862383 BAD DEBT EXPENSE 655652 655652 ORIENTATION AND GRADUAT 134314 134314 BOND AMORTIZATION EXPEN 47594 39011 8583 412290 252129 160161 53218188 41313089 11648394 256705 1700174 1115016 35605214 14163140 501071 1901006 763819 395934 580302 422505 110980562 61774649 51864850 49205913 30776415 29498522 36101249 4856969 4267374 152931 159697 126801745 137230356 5485098 6103231 1838316 2063135 21621969 20481683 2663427 2049043 31608810 30697092 X 71652209 74875463 23540726 31657801 95192935 106533264 126801745 137230356 2274173 9066156 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21385703 562711 6393016 703314 27638116 19064889 854753 2099601 633540 21385703 18051158 835787 747534 569590 19064889 16763332 605274 1222472 539920 18051158 14436415 555656 2275361 504100 16763332 0.83000 0.17000 0 0 8770459 5349610 14120069 4683607 76031768 48348614 32366761 81892 7510799 5671695 1920996 505109 8047318 7754340 798087 49205913 LIMITED LIABILITY COMPANIES - FIXED INCOME 10486383 F LIMITED LIABILITY COMPANIES - GLOBAL EQUITY 24872717 F LIMITED PARTNERSHIPS - PRIVATE EQUITY 742149 F 36101249 INVESTMENTS - PROGRAM RELATED 4267374 F 4267374 OTHER ASSETS 159697 159697 ADVANCES FOR STUDENT LOANS (PERKINS) 2049043 2049043 X 49372189 9066156 -15027800 -5961644 55333833 158528 158528 55492361 38031860 0 38031860 158528 15027800 15186328 53218188 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 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 GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, THE LAW SCHOOL HAD NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2021 AND 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID -15,027,800. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 15,027,800. 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. 1 SCHOLARSHIP AWARDS 650 15228596 FEDERAL WORK-STUDY 250 414730 FACULTY RESEARCH GRANT 19 76000 CARES ACT FUNDING - HEERF I 486 480200 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. THE DEAN AND THE DEAN OF RESEARCH MAKE RECOMMENDATIONS TO THE TRUSTEE COMMITTEE ON EDUCATIONAL POLICY, WHICH MAKES ITS RECOMMENDATION TO THE BOARD OF TRUSTEES. X X X X 0 0 0 0 0 0 0 1 0 SUSAN PRAGER DEAN/PRESIDENT 363500 0 0 0 24611 0 25650 0 3022 0 416783 0 0 0 MICHAEL CARTER EVP CAO 292000 0 1000 0 0 0 25650 0 40369 0 359019 0 0 0 JOERG W KNIPPRATH FACULTY 210179 0 0 0 0 0 20480 0 41484 0 272143 0 0 0 WARREN S GRIMES FACULTY 184308 0 0 0 22000 0 19670 0 32766 0 258744 0 0 0 CHRISTOPHER D CAMERON FACULTY 195613 0 0 0 13000 0 19797 0 30171 0 258581 0 0 0 CATHERINE L CARPENTER FACULTY 202966 0 0 0 5000 0 19739 0 30193 0 257898 0 0 0 MICHAEL B DORFF FACULTY 198015 0 0 0 18000 0 19470 0 1250 0 236735 0 0 0 LINDA ROSS CFO 194525 0 1000 0 0 0 18000 0 13881 0 227406 0 0 0 JANIS YOKOYAMA CORPORATE SECRETARY 146313 0 1000 0 0 0 13330 0 2560 0 163203 0 0 0 PART I, LINE 7 BONUS AWARDS WERE DISCRETIONARY IN NATURE. 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 13048TMA8 2011-10-27 20839207 TO FINANCE A STUDENT HOUSING FACILITY 0 0 0 A 8730000 12628218 228389 12399828 2003 0 1 1 1 B 2165000 20839207 1609750 2282631 416770 16530056 2013 0 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 0 0 1 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 ISSUER NAME: CALIFORNIA MUNICIPAL FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 09/19/2016 DENNIS YOKOYAMA FAMILY MEMBER OF JANIS YOKOYAMA 219867 EMPLOYMENT COMPENSATION 0 X 3 95225 FMV 0 1 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS 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 15A 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. 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.