2018-05-14T19:52:05-05:00 2017-06-30 Grant Thornton LLP 515 S Flower Street 7th Floor Los Angeles CA 90071 990 2016-07-01 951246140 Southwestern Law School % PHI RAMLI SOUT 2137386700 3050 Wilshire Boulevard Los Angeles CA 90010 MICHAEL CARTER EXEC. VP & CAO 2137386818 2018-05-11 true Rosemarie Brown P01278077 2136271717 209.220.88.84 95361120181345000001 2018-05-14 P AF38055EA0C458F5DFF86B17E1CA6D05FAA6C172 0D91463480E37AF7E768AC4EABC03A03FEB9B69B 2016 2021-01-29 14:40:06Z Susan Westerberg Prager 3050 Wilshire Boulevard Los Angeles CA 90010 70824528 false 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 & PRACTICE TO MEET THE CHALLENGES OF THE TWENTY-FIRST CENTURY. 20 20 586 25 0 1863275 2471595 48233440 44221980 1014996 1361103 646482 436315 51758193 48490993 9533492 9134992 0 0 20945547 20442283 8227 14300 273166 14591773 15240450 45079039 44832025 6679154 3658968 112987929 116941220 42719995 40828749 70267934 76112471 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 false false 34944467 9134992 44221980 HIGHER EDUCATION: FIVE JD PROGRAMS ARE OFFERED: A THREE-YEAR, FULL-TIME DAY PROGRAM; FOUR-YEAR, PART-TIME EVENING PROGRAM; FOUR-YEAR, PART-TIME DAY PROGRAM; PLEAS, A FOUR-YEAR, PART-TIME PROGRAM FOR STUDENTS WITH CHILD-CARE RESPONSIBILITIES; AND SCALE, AN ACCELERATED TWO-YEAR, FULL-TIME PROGRAM FEATURING SMALL CLASSES, PRACTICAL SKILLS TRAINING, AND REAL-WORLD EXPERIENCE. LLM PROGRAMS ARE ALSO OFFERED IN GENERAL LAW STUDIES AND ENTERTAINMENT LAW. 34944467 true true false false false false false false false true true false true false true true true false true true true false false false true false false false true true true false false false false false false false false true false true false false false false false false false false true 1425 0 true 586 true false false false false false true true false false false false false X 20 20 false false false false false false false true true false false true true true true true true true false false CA X PHI RAMLI 2137386818 3050 WILSHIRE BLVD Los Angeles CA 90010 Michael J Downer Chair of the Board of Trustees 1.0 0.0 X X 0 0 0 Wayne Levin Vice Chair Board of Trustees 1.0 0.0 X X 0 0 0 Julie K Xanders Vice Chair Board of Trustees 1.0 0.0 X X 0 0 0 Hon Deborah S Brazil President, SW Alum as of 05/17 1.0 0.0 X 0 0 0 Steven P Byrne Board Member 1.0 0.0 X 0 0 0 Michael E Cahill Board Member 1.0 0.0 X 0 0 0 Phyllis Cheng Board Member (thru 12/16) 1.0 0.0 X 0 0 0 Dennis PR Codon Board Member 1.0 0.0 X 0 0 0 Thomas L Driscoll Board Member 1.0 0.0 X 0 0 0 Peter Duchesneau Board Member 1.0 0.0 X 0 0 0 Charles Fairchild Board Member 1.0 0.0 X 0 0 0 Darin J Feinstein Board Member 1.0 0.0 X 0 0 0 Thomas H Hoberman Board Member 1.0 0.0 X 0 0 0 Cindy Johnson SW ALUM (AS OF 05/17) 1.0 0.0 X X 0 0 0 Anthony Kidd Board Member (thru 05/17) 1.0 0.0 X 0 0 0 Lauren B Leichtman Board Member 1.0 0.0 X 0 0 0 Roger Lowenstein Board Member (thru 12/2016) 1.0 0.0 X 0 0 0 Sanford P Paris Board Member (thru 12/16) 1.0 0.0 X 0 0 0 Daniel M Petrocelli Board Member 1.0 0.0 X 0 0 0 Hon Robert Philibosian Board Member 1.0 0.0 X 0 0 0 John A Schulman Board Member (thru 12/16) 1.0 0.0 X 0 0 0 Larraine Segil Board Member 1.0 0.0 X 0 0 0 John Spirtos Board Member (thru 05/17) 1.0 0.0 X 0 0 0 Robert van Schoonberg Board Member 1.0 0.0 X 0 0 0 Hon Arleigh M Woods Board Member 1.0 0.0 X 0 0 0 George Woolverton Board Member as of 08/16 1.0 0.0 X 0 0 0 Kevin Burke Board Member as of 08/16 1.0 0.0 X 0 0 0 Susan W Prager Dean/CEO 40.0 0.0 X 397963 0 26028 Paul J Kalush III Chief Financial Officer 40.0 0.0 X 173795 0 24255 Janis K Yokoyama Corporate Secretary 40.0 0.0 X 143300 0 15356 Michael Carter VP COO and Interim CFO 40.0 0.0 X 92040 0 681 Catherine Carpenter Faculty 40.0 0.0 X 211963 0 56390 Alan Calnan Faculty 40.0 0.0 X 210962 0 41360 Lind C Robert Faculty 40.0 0.0 X 203662 0 32394 Christopher D Cameron Faculty 40.0 0.0 X 204462 0 31270 Garland Norman Faculty 40.0 0.0 X 192412 0 34555 1830559 0 262289 66 false true false Kensington Caterers 5556 West Wahsington Blvd LOS ANGELES CA 90016 Catering 279649 Grant Thornton 1000 Wilshire Blvd Suite 300 LOS ANGELES CA 90017 Accounting Services 141745 Themis Bar Review 320 West Ohio Street Suite 4W CHICAGO IL 60654 Bar Preparation 122090 3 450400 2021195 788861 2471595 STUDENT TUITION AND FEES 611310 41465554 41465554 STUDENT HOUSING 611710 2562486 2562486 INTEREST EARNED ON STUDENT LOANS 611710 132831 132831 SALES AND SERVICES OF EDUCATIONAL DEPT 611710 33632 33632 FEDERAL WORKSTUDY OFF-CAMPUS 611710 27477 27477 44221980 1105415 1105415 0 0 1473764 1745476 -271712 0 -271712 -271712 20809734 20554046 255688 255688 255688 21490 34013 -12523 -12523 0 0 0 0 0 0 STUDENT CONVENIENCE 812930 473883 473883 FEDERAL WORK STUDY REVENUE 611710 55727 55727 CONFERENCE REVENUE 611710 49425 49425 141515 141515 720550 48490993 44221980 1797418 0 9134992 9134992 0 0 992671 970822 21849 329500 329500 15365731 12876942 2357667 131122 1091588 916460 163768 11360 1464621 1223955 224948 15718 1198172 954647 235231 8294 165364 165364 111080 1625 109455 136232 136232 0 14300 14300 0 1603413 464798 1133353 5262 304391 176248 116235 11908 1314723 340035 967131 7557 414824 20115 394709 0 3374072 2168564 1205508 702254 666298 25134 10822 0 732707 435271 262462 34974 1533598 1438496 95102 0 3168207 2125359 1042848 244427 142480 101947 LIBRARY BOOKS & MATERIALS 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64702 4471934 3863674 672962 469179 8538471 7381992 1625658 48843615 STUDENT LOANS 8803210 C 8803210 0 ADVANCES FOR STUDENT LOANS(PERKINS) 8631857 LEASE PAYABLE 481515 DEFERRED RENT - LAND 97221 9210593 X 42268493 2185569 2185569 40082924 8408069 8408069 48490993 36423956 36423956 8408069 8408069 44832025 INTENDED USES OF ENDOWMENT FUNDS SCHEDULE D, PART V, LINE 4 SOUTHWESTERN LAW SCHOOLS ENDOWMENT FUND PRIMARILY PROVIDES FINANCIAL ASSISTANCE IN THE FORM OF SCHOLARSHIPS TO SOUTHWESTERN LAW STUDENTS. THE ENDOWMENT FUND ALSO PROVIDES PROFESSORSHIPS FOR SOUTHWESTERN FACULTY AND SUPPLEMENTAL OPERATING INCOME. LIABILITY FOR UNCERTAIN TAX POSITIONS (ASC 740) SCHEDULE D, PART X, LINE 2 THE LAW SCHOOL IS EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE LAW SCHOOL HAS RECEIVED A FAVORABLE DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE INDICATING THAT THEY QUALIFY FOR TAX-EXEMPT STATUS. THE LAW SCHOOL IS ALSO EXEMPT FROM CALIFORNIA INCOME TAXES UNDER THE RELATED STATE PROVISIONS. MANAGEMENT BELIEVES THAT THE LAW SCHOOL WILL CONTINUE TO BE EXEMPT FROM TAXES. AS OF JULY 1, 2010, THE LAW SCHOOL ADOPTED ACCOUNTING GUIDANCE RELATED TO UNCERTAIN TAX POSITIONS. IN ACCORDANCE WITH THIS GUIDANCE, MANAGEMENT IS REQUIRED TO DETERMINE WHETHER A TAX POSITION OF THE LAW SCHOOL IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAXING AUTHORITY, INCLUDING RESOLUTION OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT TO BE RECOGNIZED IS MEASURED AS THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN FIFTY PERCENT LIKELY OF BEING RELATED UPON ULTIMATE SETTLEMENT. DERECOGNITION OF A TAX BENEFIT PREVIOUSLY RECOGNIZED COULD RESULT IN THE LAW SCHOOL RECORDING A TAX LIABILITY THAT WOULD REDUCE NET ASSETS. THE LAW SCHOOL HAS REVIEWED ALL SIGNIFICANT TAX POSITIONS FOR MATERIAL TAX JURISDICTIONS INCLUDING THE U.S. FEDERAL AND CALIFORNIA STATE TAX JURISDICTIONS FOR WHICH THE STATUTE OF LIMITATIONS REMAINED OPEN WHICH IS GENERALLY THREE YEARS FOR FEDERAL AND STATE TAXES AND FOUR YEARS FOR CALIFORNIA. THE OPEN TAX YEARS ARE 2013 THROUGH 2016 FOR FEDERAL AND 2012 THROUGH 2016 FOR CALIFORNIA TAX YEARS AND DETERMINED THERE WERE NO MATERIAL UNRECOGNIZED TAX BENEFITS. HOWEVER, THE STATUS CAN BE EXTENDED IF THERE WAS A FAILURE TO FILE A NECESSARY TAX RETURN. IN ADDITION, THERE HAVE BEEN NO MATERIAL CHANGES IN UNRECOGNIZED BENEFITS SINCE JULY 1, 2016, NOR ARE ANY ANTICIPATED IN THE 12 MONTHS FOLLOWING JUNE 30, 2017. HOWEVER, MANAGEMENTS CONCLUSIONS REGARDING THIS POLICY MAY BE SUBJECT TO REVIEW AND ADJUSTMENT AT A LATER DATE, BASED ON FACTORS INCLUDING, BUT NOT LIMITED TO, ON-GOING ANALYSES OF CHANGES TO TAX LAWS, REGULATIONS AND INTERPRETATIONS THEREOF. THERE HAVE BEEN NO RELATED TAX PENALTIES OR INTEREST, WHICH WOULD BE CLASSIFIED AS OPERATING OR INTEREST EXPENSE IN THE STATEMENT OF OPERATIONS. SCHEDULE D, PART XI, LINE 4B FINANCIAL STATEMENTS INCLUDE STUDENT FINANCIAL AID OF $8,408,069 AS A REDUCTION OF REVENUE WHILE THE 990 RECORDS THIS AMOUNTS AS AN EXPENSE. SCHEDULE D, PART XII, LINE 4B FINANCIAL STATEMENTS INCLUDE STUDENT FINANCIAL AID OF $8,408,069 AS A REDUCTION OF REVENUE WHILE THE 990 RECORDS THIS AMOUNTS AS AN EXPENSE. true true true true true true true false false false false false false false false true false true NON-DISCRIMINATORY POLICY SCHEDULE E, PART I, LINE 3 THE NON-DISCRIMINATION POLICY IS PUBLISHED ON THE INTERNET AT HTTPS://WWW.SWLAW.EDU/ABOUT-SOUTHWESTERN/NONDISCRIMINATION-POLICY AND IN THE SCHOOL CATALOG. FINANCIAL AID OR ASSISTANCE SCHEDULE E, PART I, LINE 6 THE LAW SCHOOL RECEIVES FUNDING THE FOR 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) 1 6 Program Services Education conducted 356940 1 6 1 6 356940 356940 false false false false false false Biederman Award 21490 21490 23133 10880 0 21490 21490 23133 10880 34013 -12523 true Scholarship Awards 435 8519727 Federal Work-Study 242 466223 0 Faculty Research Grants 16 156000 0 MONITOR THE USE OF GRANT FUNDS IN THE U.S. 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 AMOUNTS OF SCHOLARSHIPS VARY, BUT THE DETERMINATION OF AWARDS IS GENERALLY BASED ON FINANCIAL NEED AND SCHOLASTIC ACHIEVEMENT, AS WELL AS THE AMOUNT OF FUNDS AVAILABLE. 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 APPLICANTS 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. SCHEDULE I, PART III REGARDING PROFESSORSHIPS, THE DEAN MAKES RECOMMENDATIONS TO THE BOARD OF TRUSTEES OF THOSE PROFESSORS OF LAW TO BE NAMED TO PROFESSORSHIPS AND ENDOWED CHAIRS, AND THE BOARD ACTS TO BESTOW THE HONOR OF THIS STATUS, GENERALLY FOR A TERM OF YEARS. DISTINCTION IN RESEARCH AND QUALITY TEACHING ARE ESSENTIAL. WHERE DONOR RESTRICTIONS ON A PARTICULAR PROFESSORSHIP OR CHAIR CALL FOR SUBJECT MATTER EXPERTISE OR OTHER QUALIFICATIONS, THOSE RESTRICTIONS ARE TAKEN INTO ACCOUNT AS WELL. THERE WERE NO PROFESSORSHIPS AWARDED DURING THE CURRENT YEAR. X false true X X X X X true false false false false false false false false Susan W Prager Dean/CEO 373800 0 0 0 24163 0 24217 0 1811 0 423991 0 0 0 Paul J Kalush III Chief Financial Officer 173795 0 0 0 0 0 16539 0 7716 0 198050 0 0 0 Janis K Yokoyama Corporate Secretary 143300 0 0 0 0 0 13605 0 1751 0 158656 0 0 0 Catherine Carpenter Faculty 203963 0 0 0 8000 0 20955 0 35435 0 268353 0 0 0 Alan Calnan Faculty 206962 0 0 0 4000 0 20554 0 20806 0 252322 0 0 0 Lind C Robert Faculty 181962 0 0 0 21700 0 19953 0 12441 0 236056 0 0 0 Christopher D Cameron Faculty 186962 0 0 0 17500 0 18829 0 12441 0 235732 0 0 0 Garland Norman Faculty 188412 0 0 0 4000 0 19564 0 14991 0 226967 0 0 0 SCHEDULE J PART I, LINE 1A DISCRETIONARY SPENDING ACCOUNT THE DEAN/CEO RECEIVED AN ANNUAL AUTOMOBILE ALLOWANCE OF $6,000 AND $10,000 ALLOWANCE FOR COMMUNITY AFFAIRS WHICH ADVANCE THE LAW SCHOOLS INTEREST IN THE COMMUNITY. THESE AMOUNTS WERE TREATED AS REPORTABLE COMPENSATION AND WERE PART OF THE DEAN/CEO EMPLOYMENT CONTRACT WHICH WAS APPROVED BY THE LAW SCHOOLS BOARD OF TRUSTEES. SCHEDULE J, PART I, LINE 1B WRITTEN POLICY REGARDING PAYMENT OR REIMBURSEMENT OR PROVISION OF ALL THE EXPENSES THE DEAN/CEO RECEIVED AN ANNUAL AUTOMOBILE ALLOWANCE OF $6,000 AND $10,000 ALLOWANCE FOR COMMUNITY AFFAIRS WHICH ADVANCE THE LAW SCHOOLS INTEREST IN THE COMMUNITY. THESE AMOUNTS WERE TREATED AS REPORTABLE COMPENSATION AND WERE PART OF THE DEAN/CEO EMPLOYMENT CONTRACT WHICH WAS APPROVED BY THE LAW SCHOOLS BOARD OF TRUSTEES. SCHEDULE J, PART I, LINE 3 METHODS TO ESTABLISH THE COMPENSATION FOR YOUR ORGANIZATIONS CEO/EXECUTIVE DIRECTOR THE BOARD OF TRUSTEES MEETS TO DETERMINE THE COMPENSATION PACKAGE FOR SOUTHWESTERNS DEAN/CFO. FORM 990 OTHER ORGANIZATIONS AS WELL AS COMPENSATION SURVEYS ARE USED TO DETERMINE THE DEAN/CFOS SALARY. THE BOARD CONSIDERS SOUTHWESTERNS INTERNAL BUDGETED SALARY INCREASE IN CONJUNCTION WITH THE OTHER SALARY INFORMATION LISTED ABOVE TO TARGET A RESPONSIBLE COMPENSATION PACKAGE. THE BOARD OF TRUSTEES APPROVED THE COMPENSATION PACKAGE. THIS PROCESS TAKES PLACE ANNUALLY. SCHEDULE J, PART I, LINE 4A SEVERANCE AGREEMENTS AN EMPLOYEE RECEIVED A SEVERANCE PAYMENT WITH A RELEASE OF LIABILITY SIGNED LETTER. A California Educational Facilities Authority 521705592 130175A77 2003-05-29 12283629 To refund the Authority's Series 1 false false false B California Municipal Finance Authority 201563466 13048TMA8 2011-10-27 20839207 To finance a student housing facil false false false A 6630000 0 12628218 0 0 0 228389 0 0 0 12399828 0 false true true true B 995000 0 20839207 1609750 2282631 0 416770 0 0 16530056 0 0 2013 false false true true A false false false false 0 false false false true B false false false false 0 false false false true A false false false true false false 0 false 0 false true B false false false false false false 0 false 0 false true A true B true SCHEDULE K, PART IV, LINE 2C 05/29/2003 12,283,629 CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY ARBITRAGE PROCEDURES WERE PERFORMED ON OCTOBER 9, 2008 AND BASED ON THE FINDINGS, THERE WERE NO AND WILL BE NO REBATE LIABILITY FOR THESE BONDS. THERE WERE NO POSITIVE ARBITRAGE EARNINGS CREATED WITH THE REFUNDING PROCEEDS. THERE WERE NOT ENOUGH SALE PROCEEDS USED FOR ISSUANCE COSTS TO GENERATE POSSIBLE ARBITRAGE DURING THE COMPUTATION PERIOD. THE BOND FUND WAS A BONA FIDE DEBT SERVICE FUND AND ACCORDINGLY THE BOND FUND IS NOT SUBJECT TO REBATE. THERE WERE NO RESERVE FUND ESTABLISHED FOR THE BONDS. THERE WERE NO UNEXPENDED PROCEEDS OF THE REFUNDED BONDS THAT COULD BECOME TRANSFERRED PROCEEDS OF THE BONDS. THERE WERE NO REPLACEMENT PROCEEDS OF THE BONDS. DUE TO ALL OF THESE FACTORS, THERE IS NO REBATE LIABILITY FOR THESE BONDS. 10/27/2011 $21,000,000 CALIFORNIA MUNICIPAL FINANCE AUTHORITY-ARBITRAGE PROCEDURES WERE PERFORMED ON NOVEMBER 17, 2016 AND BASED ON THE FINDINGS, THERE IS NO REBATE LIABILITY FOR THE BONDS AS OF THE OCTOBER 27, 2016 REBATE INSTALLMENT COMPUTATION DATE. THE YIELD ON THE BONDS WAS COMPUTED TO BE THE DISCOUNT RATE THAT CAUSES THE PRESENT VALUE OF ALL PRINCIPAL AND INTEREST PAYMENTS ON THE BONDS TO EQUAL THE ISSUE PRICE TO THE PUBLIC. THE YIELD ON THE BONDS WAS COMPUTED TO BE 6.398398%. THE ALLOWABLE EARNINGS AMOUNT ON THE NONPURPOSE INVESTMENTS IN THE TRUST FUNDS WERE CALCULATED TO BE THE AMOUNTS THAT THE NONPURPOSE INVESTMENTS WOULD HAVE EARNED IF THEY HAD BEEN INVESTED AT A RATE EQUAL TO THE YIELD ON THE BONDS OF 6.398398%. THE ARBITRAGE AMOUNTS DURING THE COMPUTATION PERIOD FOR THE TRUST FUNDS WERE CALCULATED TO BE THE DIFFERENCE BETWEEN THE ACTUAL EARNINGS AND THE ALLOWABLE EARNINGS FOR THE NONPURPOSE Dennis Yokoyama Family Member of Janis Y 158085 Employment Compensation false Lisa Gear Family Member of Paul K 104774 Employment Compensation false X 8861 FMV X 1 780000 FMV true true false 990 REVIEW PROCESS FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY AN INDEPENDENT AUDIT FIRM. SOUTHWESTERN LAW SCHOOL PREPARES THE 990 ORGANIZER. THE 990 IS REVIEWED BY THE DEAN AND THEN SENT TO ALL THE MEMBERS OF THE BOARD OF TRUSTEES BEFORE IT IS FILED. CONFLICT OF INTEREST POLICY ENFORCEMENT & MONITORING PROCESS FORM 990, PART VI, SECTION B, LINE 12C A QUESTIONNAIRE IS SENT TO BOARD OF TRUSTEE MEMBERS AND ALL OFFICERS ON AN ANNUAL BASIS WHICH THEY ARE REQUIRED TO COMPLETE. ANY CONFLICTS OF INTEREST THAT MIGHT ARISE ARE SUBSEQUENTLY DISCUSSED TO DETERMINE WHETHER APPROPRIATE ACTION, IF ANY IS WARRANTED. PROCESS FOR DETERMING COMPENSATION FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE MEETS TO DETERMINE THE COMPENSATION PACKAGE FOR SOUTHWESTERN'S DEAN/CEO. FORM 990S OF OTHER ORGANIZATIONS AS WELL AS COMPENSATION SURVEYS ARE USED TO DETERMINE THE DEAN/CEO'S SALARY. THE COMMITTEE CONSIDERS SOUTHWESTERN'S INTERNAL BUDGETED SALARY INCREASE IN CONJUNCTION WITH THE OTHER SALARY INFORMATION LISTED ABOVE TO TARGET A RESPONSIBLE COMPENSATION PACKAGE. THE BOARD OF TRUSTEES APPROVES THE COMPENSATION PACKAGE. THIS PROCESS IS UNDERTAKEN ON AN ANNUAL BASIS FOR OUR DEAN/CEO. PUBLIC DISCLOSURE FORM 990, PART VI, SECTION C, LINE 19: THESE DOCUMENTS ARE NOT MADE AVAILABLE TO THE GENERAL PUBLIC.