2018-05-15T15:28:26-05:00 2017-07-31 910189318 Moss Adams LLP 3121 W March Ln Ste 200 Stockton CA 952192367 990 2016-08-01 951644037 Pepperdine University PEPP 3105064497 24255 Pacific Coast Highway Malibu CA 902634497 JOAN SINGLETON CFO 3105064497 2018-05-05 1 Tracy S Paglia P00366884 2099556100 2018-05-05 2016 2022-09-23 18:48:47Z Andrew K Benton 24255 Pacific Coast Highway Malibu CA 902634497 547893317 0 X www.pepperdine.edu X 1937 CA See Schedule O 40 38 4930 1 915901 -1903879 25472417 30223377 381804299 400243433 23217070 71044314 -453697 -690814 430040089 500820310 107352766 109138172 0 0 187915632 189311417 328458 301341 7001801 142185250 146507426 437782106 445258356 -7742017 55561954 1592155360 1712036762 408939669 414571486 1183215691 1297465276 X PEPPERDINE UNIVERSITY IS AN INDEPENDENT, PRIVATE CHRISTIAN UNIVERSITY COMMITTED TO THE HIGHEST STANDARDS OF EXCELLENCE AND CHRISTIAN VALUES, WHERE STUDENTS ARE STRENGTHENED FOR LIVES OF SERVICE, PURPOSE, AND LEADERSHIP. THE UNIVERSITY ENROLLS APPROXIMATELY 7,500 STUDENTS IN ITS FIVE COLLEGES AND SCHOOLS. SEAVER COLLEGE, THE UNIVERSITY'S UNDERGRADUATE LIBERAL ARTS COLLEGE, THE 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, CA. THE GRADUATE SCHOOL OF EDUCATION AND PSYCHOLOGY AND THE GEORGE L. GRAZIADIO SCHOOL OF BUSINESS AND MANAGEMENT ARE HEADQUARTERED IN PEPPERDINE UNIVERSITY'S FACILITY IN WEST LOS ANGELES. 0 0 103272210 7631248 317002066 INSTRUCTION & RESEARCH - Pepperdine University, a top Christian institution for higher education, serves approximately 3,500 undergraduate students and 4,000 graduate students. In addition to our campuses in California, Pepperdine maintains seven student learning programs between Europe, Asia, South America and Washington D.C.. Pepperdine believes in a lower student-faculty ratio (13:1) with an average class size of 19. The University offers 44 majors that undergraduates can pursue, as well as nine graduate degrees. 59850341 12363 59850341 ACADEMIC SUPPORT - Pepperdine University equips students with academic to ensure students reach their educational goals. University services such as the library, tech central, Pepperdine Counseling Center, the Health Center, and One Stop, the primary academic advising center, assist in the well-being and academic progress of our students. 156759455 100472898 11695513 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, Pepperdine offers 75% of its student body financial aid in the form of various scholarships, grants, and loans. 11504956 1021663 11695513 PUBLIC SERVICE - THE UNIVERSITY OFFERS NUMEROUS SERVICES TO THE GENERAL PUBLIC, INCLUDING ART EXHIBITS, CONCERTS, PRODUCTIONS, AND OTHER PUBLIC BENEFIT ACTIVITIES 11504956 1021663 11695513 331386962 1 1 0 1 0 1 0 1 1 1 1 1 0 1 1 0 0 1 1 1 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 1 0 0 1 0 1 1 0 0 1 1 1 0 0 0 1 X 720 0 1 4930 1 1 1 1 AR GM IT SZ UK CH 0 0 0 1 1 0 0 0 0 0 0 0 X 40 38 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X Kandice Wahrenbrock 3105064742 24255 Pacific Coast Highway Malibu CA 902634497 ANDREW K BENTON President and CEO 40.00 3.00 X X 699689 0 242832 William H Ahmanson Regent 1.00 X 0 0 0 Edwin Biggers Chairman 1.00 X X 0 0 0 Sheila Bost Regent 1.00 X 0 0 0 Charles Branch Regent 1.00 X 0 0 0 Dale Brown Regent 1.00 X 0 0 0 Janice Brown Regent 1.00 X 0 0 0 Jose Collazo Regent 1.00 1.00 X 0 0 0 Nancy De Liban Regent 1.00 X 0 0 0 Shelle Ensio Regent 1.00 X 0 0 0 Terry Giles Regent 1.00 X 0 0 0 Michelle Hiepler Regent 1.00 X 0 0 0 Glen Holden Regent 1.00 X 0 0 0 Gail Hopkins Regent 1.00 X 0 0 0 Peter James Johnson Regent 1.00 X 0 0 0 John Katch Regent 1.00 X 0 0 0 Dennis Lewis Regent 1.00 X 0 0 0 John T Lewis Regent 1.00 X 0 0 0 Kimberly Lindley Regent 1.00 X 0 0 0 Faye McClure Regent 1.00 X 0 0 0 Michael Okabayashi Regent 1.00 X 0 0 0 Danny Phillips Regent 1.00 X 0 0 0 Timothy Phillips Regent 1.00 X 0 0 0 John Pleuger Regent 1.00 X 0 0 0 James Porter Vice Chairman 1.00 2.00 X X 0 0 0 Susan Rice Secretary 1.00 X X 0 0 0 Carol Richards Regent 1.00 X 0 0 0 Fred Ricker Regent 1.00 X 0 0 0 B Joseph Rokus Regent 1.00 1.00 X 0 0 0 Bui Simon Regent 1.00 X 0 0 0 Harold Smethills Regent 1.00 3.00 X 0 0 0 Dee Anna Smith Regent 1.00 X 0 0 0 Rosa Mercado Spivey Regent 1.00 X 0 0 0 William Stevens Regent 1.00 X 0 0 0 Stephen Stewart Regent 1.00 X 0 0 0 Augustus Tagliaferri Regent 1.00 X 0 0 0 Marta Tooma Regent 1.00 X 0 0 0 Robert Walker Regent 1.00 X 0 0 0 Marylyn Warren Regent 1.00 X 0 0 0 Jay S Welker Regent 1.00 X 0 0 0 Michael Adams Chancellor 40.00 3.00 X 419434 0 169945 Gary Hanson Executive VP and COO 40.00 X 761167 0 180129 Samuel Hinkle SVP for Advancement 40.00 1.00 X 222316 0 198517 Paul Lasiter Vice President and CFO 40.00 3.00 X 229629 0 222791 Charles Pippin Senior VP and CIO 40.00 3.00 X 420697 0 136170 Rick Marrs Dean, Seaver College 40.00 X 332990 0 269104 Michael Feltner Dean, Seaver College 40.00 X 251590 0 61732 Faye E Holton Director of Investments 40.00 5.00 X 194423 0 32321 Lee Kats Vice Provost for Research 40.00 X 243720 0 39707 Phil Phillips Vice President for Administration 40.00 X 225799 0 128774 Edna Powell Chief Business Officer 40.00 X 215336 0 43011 Jeffrey Rhode Director of Investments 40.00 X 216005 0 28683 Jonathan See Chief Information Officer 40.00 X 215385 0 31462 David M Smith Dean of Graziadio School of Economics 40.00 X 304013 0 65654 Helen E Williams Dean, GSEP 40.00 X 188203 0 97490 Brian Thomason Controller 5.00 40.00 X 154124 0 89073 Marc Goodman General Counsel 40.00 X 264422 0 40577 Edward Larson Darling Professor of Law 40.00 X 334175 0 65046 Robert J Pushaw Jr Professor of Law 40.00 X 263036 0 51261 Simon Andreas Graziadio School of Business & Management: Faculty 40.00 X 247182 0 53854 Lamar Wilson Head Basketball Coach 40.00 X 397947 0 63267 6801282 0 2311400 356 0 1 0 SODEXO AMERICA LLC CAMPUS MAIL-TCC RM 110 MALIBU CA 90263 Catering 8602067 SWINERTON BUILDERS 865 S FIGUEROA ST 3000 LOS ANGELES CA 90017 Construction 3199846 NCS PEARSON INC 13036 COLLECTION CTR DR CHICAGO IL 60693 E-Learning 2936677 ENVIRONMENTAL CONTRACTING CORP 880 E 1ST ST LOS ANGELES CA 90012 Construction 2555716 HARLEY ELLIS DEVEREAUX CORP PO BOX 8294 Pasadena CA 91109 construction 2118792 53 789135 3736042 25698200 2508959 30223377 Student Tuition and Fees 611710 350207660 350207660 Room and Board 611710 36592306 36592306 OTHER REVENUE 611710 6992803 6992803 Sales and Services 611710 6450664 3940627 2510037 400243433 8742008 -1594136 10336144 108356000 45830138 223556 62525862 -223556 62302306 62302306 328499 789135 1019313 -690814 -690814 500820310 397733396 915901 71947636 109138172 109138172 6216740 1922621 3790858 503261 134502 83540 50962 138006707 102369051 32217935 3419721 10213844 7004221 2906489 303134 24956042 19433930 4758166 763946 9783582 6601306 2902319 279957 366492 49823 316669 680034 2844 677190 20826 20826 301341 301341 6743995 6743995 19133476 12484618 6125855 523003 5741586 4317167 1285509 138910 9610523 4995695 4483026 131802 23163244 12388188 10771057 3999 10452741 6935185 3365776 151780 3892374 2937591 921453 33330 8510145 6961298 1514806 34041 20993918 17231126 3678532 84260 5540642 71709 5468933 LOSS VALUATION ON BENEF 8398785 8398785 Equipment and Maintenan 6345209 1632772 4693062 19375 Construction and Equipm 6162556 4385136 1777390 30 10750880 10440969 309911 445258356 331386962 106869593 7001801 118813144 118945803 34717290 31908561 12512779 7542949 200000 200000 3767058 4125868 621466999 231813218 357620541 389653781 144921988 298096519 655808454 578828881 20930782 20620831 242863324 262113569 1592155360 1712036762 34566690 39451850 11093448 13851501 310081666 305938948 36317707 37971715 16880158 17357472 408939669 414571486 X 699527108 799070675 119398732 115569319 364289851 382825282 1183215691 1297465276 1592155360 1712036762 X 55561954 9772491 8607897 40307243 X 0 1 X 1 1 1 X 25387351 33939405 30180908 25472417 30223377 145203458 25387351 33939405 30180908 25472417 30223377 145203458 172294 145031164 14735875 19637575 17144685 19752877 10539313 81810325 475743 815733 1172667 2464143 229477926 1802977315 0.63200 0.63200 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 20826 20826 0 Part II-B, Line 1: The organization paid membership dues to member organizations which may engage in lobbying activities. Therefore, a portion of the dues may be attributable to lobbying activities. Part II-B, Line 1i The organization hired a lobbying firm to pursue higher education initiatives. 5 0 49748 0 1091290 0 1523169 0 1 1 0 4552351 0 0 X X X 0 0 1 X 781341000 4519000 120576000 46103000 860333000 785767000 5754000 31352000 41532000 781341000 783508000 10122000 32859000 40722000 785767000 709256000 8987000 100395000 35130000 783508000 597197000 68308000 80593000 36842000 709256000 0.51550 0.40500 0.07950 1 0 28613150 28613150 537108441 208638436 328470005 42061066 23174782 18886284 13684342 13684342 389653781 Alternative Investments 576544111 F Limited Partnerships 1096083 F Cash & Cash Equivalent 1004251 F Other 184436 F 578828881 Assets Held as Trustee 159156895 Investments in Subsidiaries 68193190 Investments - Real Estate 26086540 Investments - Notes Receivable 6197150 Held Under Agency Agreements 1862388 Other Investments 617406 262113569 Due Under Agency Agreements 1862388 US Government Funded Student Loans 15495084 17357472 Part III, Line 4: 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 and persons connected with the university. These collections are protected and preserved for education, research and public exhibition. Part IV, Line 2b: THE UNIVERSITY ACTS AS THE FISCAL AGENT FOR FUNDS RELATED TO UNIVERSITY SPONSORED AND/OR AFFILIATED PROGRAMS. THE UNIVERSITY DOES NOT OWN THE FUNDS ASSOCIATED WITH THESE PROGRAMS. Part V, Line 4: THE INTENT OF THE UNIVERSITY'S ENDOWMENT FUND IS TO GENERATE REVENUES NECESSARY TO SUPPORT THE UNIVERSITY'S EXEMPT PURPOSE, INCLUDING EDUCATION, RESEARCH, AND SCHOLARSHIP. Schedule D, Part X Pepperdine University does not have a Fin 48 footnote reported in its financial statements. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 A description of the University non-discriminatory policy is published in the University's academic catalogs and job listings on the human resources website. Schedule E, Part I, Line 6 THE UNIVERSITY PARTICIPATES IN THE FOLLOWING FEDERAL PROGRAMS: - PELLGRANT - SEOG GRANT - AC GRANT - SMART GRANT - BYRD HONOR SCHOLARSHIP - LOANS-SUBSIDIZED AND UNSUBSIDIZED - PLUS LOANS - FEDERAL WORK STUDY Europe (Including Iceland & Greenland) 4 50 Program services educational programs 7755076 East Asia and the Pacific 1 4 Program services educational programs 653365 South America 1 20 Program services educational programs 2179612 Sub-Saharan Africa 0 0 Program services educational programs 155924 Central America and the Caribbean 0 0 Investments 200801913 Europe (Including Iceland & Greenland) 0 0 Investments 10263675 6 74 0 0 6 74 221809565 0 221809565 1 0 1 1 1 0 Part I, line 3: Expenses identified in column (f) are the expenses incurred in the region per the organization's general ledger. X X X X X X X 1 Ruffalo Noel Levitz 1025 Kirkwood Parkway SW Cedar Rapids IA 52404 Program Fundraising 0 203511 301341 -97830 203511 301341 -97830 AR CA KY AL MN MD NC UT OR AK CO DC FL GA LA MA NH NV SC WA Wave Classic Golf Tournament 505250 317085 188165 298 351683 Associates Dinner 209272 140522 68750 3420 327326 5 403112 331528 71584 231 336355 1117634 789135 328499 3949 1015364 1019313 -690814 1 Financial Aid Paid 5758 109138172 Part I, Line 2: Grants are provided on the basis of verified financial need or merit and 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 allowability and compliance. Students are required to submit appropriate documents prior to approval. Part III: Cash grants are credits to student accounts and the number of recipients represents only the numbers of students receiving institutional funding. Outside grants, or applications of funds provided by outside agencies (e.g. federal loan programs) is not included. X X X X X X 1 1 X X X X X 0 1 0 0 0 0 0 1 0 ANDREW K BENTON President and CEO 440720 0 205688 0 53281 0 131037 0 111795 0 942521 0 38665 0 Michael Adams Chancellor 398049 0 0 0 21385 0 26500 0 143445 0 589379 0 0 0 Gary Hanson Executive VP and COO 336678 0 10000 0 414489 0 86393 0 93736 0 941296 0 391913 0 Samuel Hinkle SVP for Advancement 161777 0 0 0 60539 0 94436 0 104081 0 420833 0 43595 0 Paul Lasiter Vice President and CFO 157753 0 14000 0 57876 0 114214 0 108577 0 452420 0 44277 0 Charles Pippin Senior VP and CIO 365730 0 25000 0 29967 0 109585 0 26585 0 556867 0 22586 0 Rick Marrs Dean, Seaver College 279447 0 10000 0 43543 0 134368 0 134736 0 602094 0 25663 0 Michael Feltner Dean, Seaver College 244100 0 5000 0 2490 0 25312 0 36420 0 313322 0 0 0 Faye E Holton Director of Investments 181430 0 12122 0 871 0 18382 0 13939 0 226744 0 0 0 Lee Kats Vice Provost for Research 236547 0 3000 0 4173 0 23876 0 15831 0 283427 0 0 0 Phil Phillips Vice President for Administration 176259 0 27500 0 22040 0 41387 0 87387 0 354573 0 0 0 Edna Powell Chief Business Officer 207392 0 5000 0 2944 0 19372 0 23639 0 258347 0 0 0 Jeffrey Rhode Director of Investments 215753 0 0 0 252 0 20167 0 8516 0 244688 0 0 0 Jonathan See Chief Information Officer 202011 0 3000 0 10374 0 20348 0 11114 0 246847 0 0 0 David M Smith Dean of Graziadio School of Economic 297425 0 5000 0 1588 0 26500 0 39154 0 369667 0 0 0 Helen E Williams Dean, GSEP 163964 0 5000 0 19239 0 23690 0 73800 0 285693 0 0 0 Brian Thomason Controller 133752 0 10000 0 10372 0 37600 0 51473 0 243197 0 0 0 Marc Goodman General Counsel 236726 0 25000 0 2696 0 23463 0 17114 0 304999 0 0 0 Edward Larson Darling Professor of Law 305669 0 0 0 28506 0 26500 0 38546 0 399221 0 0 0 Robert J Pushaw Jr Professor of Law 249991 0 8150 0 4895 0 24502 0 26759 0 314297 0 0 0 Simon Andreas Graziadio School of Business & Manag 243238 0 0 0 3944 0 16045 0 37809 0 301036 0 0 0 Lamar Wilson Head Basketball Coach 327881 0 30000 0 40066 0 26500 0 36767 0 461214 0 0 0 Part I, Line 1a First Class Travel: Pursuant to a written policy and appropriate approval, first class travel is permitted to certain officers and key employees for business purposes. Travel for business purposes is not included in taxable wages. One officer listed in Form 990, Part VII flew first class during calendar year 2016. Travel for companions: Pursuant to a written policy, certain officers and key employees' spouses are permitted to travel on occasion when necessary for business purpose. Travel for business purpose is not included in taxable wages. Two officers listed in form 990, Part VII were provided with companion travel for business purposes during calendar year 2016. Gross-up payment: Pursuant to California Civil code, Pepperdine University provides gross-up to employees that provide late substantiation of expenses under accountable plan rules for ordinary and necessary business expenses. As part of the ministerial housing program, Pepperdine provided additional compensation to participants for wage withholding in an amount equal to the employer's share of the participants' self-employment tax. The individuals listed in Form 990, Part VII were provided with gross-up payments during calendar year 2016 include 3 key employees. Housing: included in non-taxable benefits of employees who are ministers is the value of housing allowance provided by Pepperdine University to ministers. The provision of ministerial housing is subject to executive approval. The individuals listed in Form 990, Part VII who were provided with ministerial housing during calendar year 2016 include 3 officers and 3 key employees. Housing is provided for 4 officers as a condition of employment for the convenience of the employer and is not included in taxable wages. Social clubs: Two of the listed individuals received reimbursements for expenditures associated with social club memberships. All expenditures are for business purposes and are approved pursuant to the University's reimbursement policies. Personal service: One officer is provided certain house cleaning services in connection with his occupancy of on-campus housing. The provision of such services is not included as taxable wages Part I, Line 4b PEPPERDINE UNIVERSITY HAS 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 DIRECTORS, THE PARTICIPANT WILL RECEIVE A UNIVERSITY CONTRIBUTION TO THE PLAN FOR THAT PLAN YEAR. UNIVERSITY CONTRIBUTIONS TO THE PLAN BECOME GRADUALLY VESTED BEGINNING WITH THE LAST DAY OF THE 3RD PLAN YEAR FOLLOWING THE CONTRIBUTION AND VEST 100% AT THE COMPLETION OF THE 7TH PLAN YEAR FOLLOWING THE AWARD. IF THE EMPLOYEE HAS ATTAINED AGE 62, THE VESTING SCHEDULE IS ACCELERATED SUCH THAT THE EMPLOYEE IS FULLY VESTED BY AGE 65. THE FOLLOWING AMOUNTS WERE AWARDED IN CALENDAR YEAR 2016: ANDREW K BENTON- $104,537 CHARLES PIPPIN - $83,085 PAUL B LASITER - $45,714 GARY HANSON - $59,893 Rick Marrs - $79,860 THE FOLLOWING AMOUNTS WERE VESTED AND INCLUDED IN THE EMPLOYEE'S COMPENSATION IN 2016: PAUL LASITER - $44,277 SAMUEL HINKLE - $43,595 GARY HANSON - $391,913 CHARLES PIPPIN - $22,586 Rick Marrs - $25,663 Andrew Benton - $38,665 UNDER A NONQUALIFIED SUPPLEMENTAL RETIREMENT PLAN, SUBJECT TO THE PERFORMANCE OF FUTURE SERVICES AND OTHER CONDITIONS, PRESIDENT BENTON IS ENTITLED TO RECEIVE COMPENSATION OF APPROXIMATELY ONE YEAR'S SALARY AS THE RESULT OF THE COMPLETION OF FOUR YEARS OF SERVICE IN HIS EMPLOYMENT AS PRESIDENT OF PEPPERDINE IN 2019. Part I, Line 7 See response for schedule J, Part I, Line 4B. In addition, bonuses may be awarded upon the achievement of certain goals. FORM 990, SCHEDULE J, PART II, COLUMN (F) CERTAIN AMOUNTS INCLUDED IN SCHEDULE J, PART II, COLUMN B(III), WERE PREVIOUSLY REPORTED ON THE PRIOR YEAR'S FORM 990, AS AMOUNTS AWARDED UNDER THE INCENTIVE COMPENSATION PLAN DISCLOSED IN RESPONSE TO SCHEDULE J, PART I, LINE 4B. A CEFA Series 2012 521705592 000000000 2012-06-05 58548544 Refund 2003A, Construction, Equipment, and facilities 0 0 0 B CEFA Series 2014 521705592 000000000 2014-12-24 55734722 REFUND CEFA 2005A AND B,CONSTRUCTION, FACILITIES 0 0 0 C CEFA SERIES 2015 521705592 130179AX2 2015-09-03 87786387 Refund CEFA 2005A and 2005B, EQUIPMENT, AND Facilities 0 0 0 D CEFA Series 2016 521705592 130179FV1 2016-03-17 117753105 Refund CEFA 2010, CONSTRUCTION, EQUIPMENT, AND FACILITIES 0 0 0 A 6250000 58548544 618936 11812381 46117227 2013 1 0 1 1 B 585000 55734722 824034 30001580 24909108 0 1 1 1 C 1225000 87786387 717742 87068645 1 1 1 1 D 117753105 868673 99395549 118042955 1 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 D 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 0 1 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 D 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 Helen Williams KEY EMPLOYEE Contingent Interest Loan X 200000 200000 0 0 1 200000 Nicole Marrs Daughter-in-law of Key Employee 117263 Employee 0 Ronald Phillips Father of Key Employee 313251 Employee 0 Landon Phillips Son of Regent 72802 Employee 0 Shannon Phillips Sister-in-law of Key Employee 170464 Employee 0 Jeremy Marrs Son of Key Employee 129278 Employee 0 Jennifer Akamine Phillips Daughter-in-law of Regent 61699 Employee 0 X 5 45376 FMV X 550032 FMV X 23834 fmv X 26 1658831 FMV X 1 63711 FMV X 4 213 FMV X Other 138 166961 FMV 0 0 1 0 FORM 990, PART I, LINE 5 AND PART V, LINE 2A: NUMBER OF EMPLOYEES INCLUDES STUDENT WORKERS. FORM 990, PART I, LINE 6: 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. Form 990, Part VI, Section A, line 1 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 and during any recess. Only regents can be members of the executive committee. The executive committee has the power to transact business on behalf of the board in between meetings 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 B, line 11b 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 for review. Changes/comments are submitted to management and any necessary changes are made prior to the final review and signing of the tax return by the university's independent auditors/tax consultants. A full copy of the 990 is provided to the board prior to filing. Form 990, Part VI, Section B, line 12c Each Officer, Regent, and Key Employee is required to disclose annually, in writing, any financial or business relationships that he or she, or any family member has with Pepperdine University. These Regent and Officer disclosures are reviewed by the Board of Regents. All other employee disclosures are reviewed by General Counsel and the Executive Vice President. All conflict situations are resolved at this review in accordance with the University's conflict of interest policy. If a conflict of is found for a Regent, the Regent is asked to recuse him or herself from the matter. Resolution of conflicts for Officers and other employees are overseen by General Counsel. Form 990, Part VI, Section B, line 15 PEPPERDINE UNIVERSITY'S BOARD OF REGENTS REVIEWS THE COMPENSATION OF THE PRESIDENT, PROVOST, EXECUTIVE VICE PRESIDENT, CHIEF INVESTMENT OFFICER, VICE PRESIDENT FOR ADVANCEMENT AND CHIEF FINANCIAL OFFICER ON AN ANNUAL BASIS. THE BOARD OF REGENTS CONSIDERS MARKET DATA AND ANALYSIS ASSEMBLED BY INDEPENDENT COMPENSATION CONSULTANTS. THE DELIBERATIONS ARE REFLECTED IN A TRANSACTION REPORT WHICH SUMMARIZES THE DECISIONS MADE BY THE COMMITTEE. Form 990, Part VI, Section C, line 19 The University's financial statements are made available via the University's website. The University does not make its conflict of interest policies and governing documents available to the public upon request. Form 990, Part XI, line 9: Adjustment of Actuarial Liability -1,480,129. Endowment Support 39,990,067. UBI from alternative investments 1,797,305. Wave Ventures LLC 24255 Pacific Coast Highway mailbu CA 90263 464526544 Support Pepperdine University CA 0 882430 Pepperdine University WAVE Enterprises Inc 24255 Pacific Coast Highway Malibu CA 90263 954274572 Support Pepperdine University CA 501(c)(3) Line 12a, I Pepperdine University 1 Wave Services Inc 24255 Pacific Coast Highway malibu CA 90263 954315778 Support Pepperdine University CA 501(c)(3) Line 12a, I Pepperdine University 1 Wave Property Inc 24255 Pacific Coast Highway malibu CA 90263 954297104 Support Pepperdine University CA 501(c)(3) Line 12a, I Pepperdine University 1 Pepperdine University (USA) in London UK 56 Princes Gate London UK SW7 2PG Education UK Pepperdine University 1 Pepperdine Argentina SRL 11 de Septiembre 955 Buenos Aires AR 1426 Cap F Education AR pepperdine University 1 Pepperdine University Lausanne (Switz) La Croisee Av Marc-Dufour 15 Lausanne SZ Education SZ pepperdine University 1 Cinderella Immobiliare SRL Viale Milton 41 Florence IT 50129 Education IT pepperdine University 1 ANDURIL HOLDINGS LLC 310 ALDER ROAD PO BOX 841 DOVER DE 19904 010935824 INVESTMENTS DE PEPPERDINE UNIVERSITY EXCLUDED 12374 1096081 0 0 0.99000 CHARITABLE REMAINDER TRUSTS (3) investing CA N/A T 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0