2015-05-14T11:48:33-05:00 2014-06-30 420714325 MCGLADREY LLP 1185 AVENUE OF THE AMERICAS NEW YORK NY 100362602 990 2013-07-01 237227990 BROOKLYN LAW SCHOOL BROO 7186252200 250 JORALEMON STREET BROOKLYN NY 112013700 LAURIE H NEWITZ CFO 7186252200 2015-05-01 1 MARTIN GREIF P00029738 2123721000 2013 2016-03-07 17:11:31Z NICHOLAS W ALLARD 250 JORALEMON STREET BROOKLYN NY 112013700 161667905 0 X WWW.BROOKLAW.EDU X 1901 NY SEE SCHEDULE O FOR COMPLETE NARRATIVE 23 22 995 1239 0 0 5418870 5571534 61619984 57739956 4074275 31632306 2744891 2321026 73858020 97264822 25840076 26727557 0 0 33887897 31258848 0 0 1860500 18661039 15890038 78389012 73876443 -4530992 23388379 261202661 253266938 93512765 56673873 167689896 196593065 X SEE SCHEDULE O FOR COMPLETE NARRATIVE 0 0 62133808 26727557 58051519 THE EDUCATION OF STUDENTS IN PREPARATION FOR THE LEGAL PROFESSION. IN THE FALL OF ACADEMIC YEAR 2013/2014 ENROLLMENT WAS APPROXIMATELY 1,135. 62133808 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 282 0 1 995 1 0 0 0 0 0 0 0 0 0 0 X 23 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X LAURIE H NEWITZ 7186252200 250 JORALEMON STREET BROOKLYN NY 11201 X STUART SUBOTNICK ESQ CHAIRMAN OF THE BOARD OF TRUSTEES 2.00 X 0 0 0 HON EDWARD R KORMAN VICE CHAIRMAN OF THE BOARD OF TRUSTEES 2.00 X 0 0 0 BURNSIDE E ANDERSON III ESQ TRUSTEE 1.00 X 0 0 0 FRANCIS J AQUILA ESQ TRUSTEE 1.00 X 0 0 0 HON HERMAN BADILLO ESQ TRUSTEE 1.00 X 0 0 0 DAVID M BARSE ESQ TRUSTEE 2.00 X 0 0 0 FREDERICK COHEN ESQ TRUSTEE 2.00 X 0 0 0 JEFFREY J FEIL ESQ TRUSTEE 1.00 X 0 0 0 MARTIN A FISCHER ESQ TRUSTEE 1.00 X 0 0 0 JEFFREY D FORCHELLI ESQ TRUSTEE 1.00 X 0 0 0 ROBERT M KAUFMAN ESQ TRUSTEE 1.00 X 0 0 0 EILEEN T NUGENT ESQ TRUSTEE 1.00 X 0 0 0 FLORENCE SUBIN ESQ TRUSTEE 1.00 X 0 0 0 HON RALPH K WINTER TRUSTEE 1.00 X 0 0 0 STEVEN L ZELKOWITZ ESQ TRUSTEE 2.00 X 0 0 0 SHANNON M HALEY ESQ GRADUATE TRUSTEE 1.00 X 0 0 0 LEO KITTAY ESQ GRADUATE TRUSTEE 1.00 X 0 0 0 MANUEL H QUINTANA ESQ TRUSTEE 1.00 X 0 0 0 JOHN P OSWALD ESQ TRUSTEE 2.00 X 0 0 0 DEBRA HUMPHREYS ESQ TRUSTEE 1.00 X 0 0 0 HON CLAIRE R KELLY ESQ TRUSTEE 1.00 X 0 0 0 SASHA LINNEY ESQ GRADUATE TRUSTEE 1.00 X 0 0 0 TYLER KORFF ESQ GRADUATE TRUSTEE 1.00 X 0 0 0 NICHOLAS W ALLARD ESQ PRESIDENT, DEAN & PROFESSOR OF LAW 40.00 X 505544 0 40901 LAURIE H NEWITZ TREASURER & CHIEF FINANCIAL OFFICER 40.00 X 271252 0 47136 STACY CAPLOW ASSOC. DEAN FOR PROF. LEGAL EDUC 40.00 X 254686 0 28142 MICHAEL T CAHILL VICE DEAN 40.00 X 208167 0 43962 DANA BRAKMAN-REISER VICE DEAN 40.00 X 205993 0 37761 HENRY W HAVERSTICK III DEAN ADMISSION & FINANCIAL AID 40.00 X 232620 0 33465 LINDA S HARVEY ASSISTANT DEAN OF EXTERNAL AFFAIRS 40.00 X 193476 0 31260 AARON TWERSKI PROFESSOR OF LAW 40.00 X 345410 0 46054 JOEL M GORA PROFESSOR OF LAW 40.00 X 316832 0 46054 NEIL B COHEN PROFESSOR OF LAW 40.00 X 280072 0 56217 ANITA BERNSTEIN PROFESSOR OF LAW 40.00 X 277281 0 36827 ARTHUR PINTO PROFESSOR OF LAW 40.00 X 265705 0 35233 JOAN G WEXLER ESQ FORMER PRESIDENT 40.00 X 510664 0 52609 BERYL R JONES-WOODIN FORMER ASSOCIATE DEAN FOR STUDENT 40.00 X 188269 0 41048 MICHAEL A GERBER FORMER INTERIM DEAN & ASSOC. DEAN OF DEVELOPMENT 40.00 X 278802 0 47420 LAWRENCE M SOLAN FORMER-ASSOC. DEAN ACADEMI 40.00 X 239593 0 36491 4574366 0 660580 71 1 1 0 TRIANGLE SERVICES 10 FIFTH STREET VALLEY STREAM NY 11581 CLEANING SERVICES 824280 JPMORGAN CHASE BANK NA 4 NEW YORK PLAZA 13TH FL NEW YORK NY 10004 INVESTMENT ADVISOR 405907 CULIN ART 175 SUNNYSIDE BLVD PLAINVIEW NY 11803 FOOD/CATERING 382593 SEYFARTH SHAW LLP 1270 AVE OF THE AMERICAS STE 2500 NEW YORK NY 10020 LAWYERS/LAW FIRM 254959 SPIEGEL CONSULTANTS LLC 104 CHARLTON STREET SUITE 1W NEW YORK NY 10014 GENERAL CONTRACTOR 247847 12 5431 5566103 156810 5571534 TUITION & FEES 611310 57643411 57643411 FINANCIAL AID PROGRAMS 611310 91333 91333 STUDENT LOAN INTEREST 900099 5212 5212 57739956 2811908 2811908 8067808 6058346 2009462 2009462 2009462 51818549 35346586 42431378 15913359 9387171 19433227 28820398 28820398 SPECIAL ALUMNI PROGRAMS 900099 97380 97380 JOURNAL / PUBLICATION / COURSE MA 900099 85530 85530 SETTLEMENTS/OTHER REFUNDS 900099 63600 63600 65054 65054 311564 97264822 58051520 0 33641768 26727557 26727557 2361750 1395022 592676 374052 778422 778422 21557855 18503307 2348042 706506 1727438 1452767 231241 43430 3061735 2574906 409854 76975 1771648 1489948 237159 44541 99029 99029 355827 355827 422901 422901 786511 144618 620694 21199 185632 108707 44404 32521 973172 626196 198993 147983 1265027 734141 451733 79153 2457601 8807 2448735 59 274966 235143 18191 21632 850807 682614 29023 139170 4280947 3603133 567931 109883 1734320 1459721 230083 44516 381422 36149 345273 LIBRARY ACQUISTIONS/AUD 953010 953010 SUBCRIPTIONS & PUBLICAT 151931 142145 4097 5689 MEMBERSHIPS 123540 49482 70993 3065 COMMENCEMENT/YEAR BOOK 91479 91479 501916 336534 155256 10126 73876443 62133808 9882135 1860500 1600 1600 14725435 15761141 1701948 2631970 446420 443038 158513 162957 391255 496845 153717494 48071051 125027070 105646443 108219445 120116286 948659 719770 9582316 7286888 261202661 253266938 7793784 7098341 787170 711771 75252049 40619644 9679762 8244117 93512765 56673873 X 136693587 159803309 14771063 20160601 16225246 16629155 167689896 196593065 261202661 253266938 X 23388379 4994322 520468 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 77350 X X 0 117055082 3790548 17218471 4798114 133265987 105828691 4029911 11713688 4517208 117055082 93803704 4618824 11426408 4020245 105828691 74497250 4463795 17768679 2926020 93803704 58236720 12836051 5383548 1959069 74497250 0.74380 0.12330 0.13290 0 0 8864406 8864406 144180280 47626970 96553310 595458 444081 151377 77350 77350 105646443 INTEREST PAYABLE 1051150 ACCRUED POST-RETIREMENT BENEFITS PAYABLE 5118542 REFUNDABLE LOAN PROGRAM LIABILITY 2074425 8244117 X 83256587 4994322 10400 6578814 11583536 71673051 25591771 25591771 97264822 54353418 10400 6058346 6068746 48284672 25591771 25591771 73876443 PART V, LINE 4: THE LAW SCHOOL HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE LAW SCHOOL MUST HOLD IN PERPETUITY OR FOR A DONOR-SPECIFIED PERIOD(S) OR PURPOSE AS WELL AS BOARD-DESIGNATED FUNDS. UNDER THIS POLICY, AS APPROVED BY THE BOARD OF TRUSTEES, THE OVERRIDING OBJECTIVE IS TO MAINTAIN PURCHASING POWER. NET OF SPENDING, THE OBJECTIVE IS TO GROW THE AGGREGATE PORTFOLIO VALUE AT THE RATE OF INFLATION OVER THE LAW SCHOOL'S INVESTMENT HORIZON. PART X, LINE 2: THE LAW SCHOOL IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE. THE LAW SCHOOL FILES TAX AND INFORMATION RETURNS WITH THE INTERNAL REVENUE SERVICE AND WITH NEW YORK STATE. TAX YEARS SUBSEQUENT TO 2010 REMAIN SUBJECT TO EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT EVALUATED THE LAW SCHOOL'S TAX POSITIONS AND CONCLUDED THAT THE LAW SCHOOL HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. WITH FEW EXCEPTIONS, THE LAW SCHOOL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2011, WHICH IS THE STANDARD STATUTE OF LIMITATIONS LOOK-BACK PERIOD. AT JUNE 30, 2014, THE LAW SCHOOL HAS NO UNRECOGNIZED TAX BENEFITS AND HAS RECOGNIZED NO INTEREST OR PENALTIES RELATED TO TAXES DURING EITHER OF THE YEARS ENDED JUNE 30, 2014 AND 2013. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL PROPERTY EXPENSE 6,058,346. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 365,554. OTHER POST-RETIREMENT RELATED CHANGES OTHER THAN NET PERIODIC COSTS 154,914. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSE - NET IN REVENUE 25,591,771. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL PROPERTY EXPENSE 6,058,346. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSE - NET IN REVENUE 25,591,771. 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 POLICY IS PUBLISHED ON THE BROOKLYN LAW SCHOOL WEBSITE. SCHEDULE E, PART I, LINE 6 FINANCIAL AID FROM GOVERNMENT AGENCIES: 1) FEDERAL PERKINS LOAN PROGRAM 2) FEDERAL WORK STUDY PROGRAM 3) FEDERAL DIRECT LOAN PROGRAM EUROPE (INCLUDING ICELAND & GREENLAND) - 0 0 PROGRAM SERVICES INTERNATIONAL STUDY ABROAD 47208 0 0 0 0 0 0 47208 0 47208 0 0 0 0 0 0 1 SCHOLARSHIPS 1058 25591771 FMV FELLOWSHIPS 219 584803 FMV LOAN FORGIVENESS 62 327766 FMV PRIZES AND AWARDS 106 34300 605 FMV PLAQUES, MEDALS AND LETTER OPENERS FWS MATCH - OUTSIDE MATCH 430 188312 FMV PART I, LINE 2: SCHOLARSHIPS ARE AWARDED TO STUDENTS ATTENDING BROOKLYN LAW SCHOOL AND IS A DIRECT OFFSET OF TUITION. FELLOWSHIPS ARE AWARDED TO STUDENTS UNDER STRICT SELECTION CRITERIA. LOAN FORGIVENESS' ARE PAID DIRECTLY TO THE LENDER OR REQUIRES PROOF OF DEBT REDUCTION FROM THE STUDENT. X X X 1 1 X X X 0 0 0 0 0 0 0 1 1 0 NICHOLAS W ALLARD ESQ PRESIDENT, DEAN & PROFESSOR OF LAW 500000 0 0 0 5544 0 0 0 40901 0 546445 0 0 0 LAURIE H NEWITZ TREASURER & CHIEF FINANCIAL OFFICER 267592 0 0 0 3660 0 25500 0 21636 0 318388 0 0 0 STACY CAPLOW ASSOC. DEAN FOR PROF. LEGAL EDUC 227210 0 0 0 27476 0 22925 0 5217 0 282828 0 0 0 MICHAEL T CAHILL VICE DEAN 207400 0 0 0 767 0 21979 0 21983 0 252129 0 0 0 DANA BRAKMAN-REISER VICE DEAN 186561 0 0 0 19432 0 19784 0 17977 0 243754 0 0 0 HENRY W HAVERSTICK III DEAN ADMISSION & FINANCIAL AID 222940 0 0 0 9680 0 22800 0 10665 0 266085 0 0 0 LINDA S HARVEY ASSISTANT DEAN OF EXTERNAL AFFAIRS 190781 0 0 0 2695 0 18891 0 12369 0 224736 0 0 0 AARON TWERSKI PROFESSOR OF LAW 303697 0 0 0 41713 0 25500 0 20554 0 391464 0 0 0 JOEL M GORA PROFESSOR OF LAW 254275 0 0 0 62557 0 25500 0 20554 0 362886 0 0 0 NEIL B COHEN PROFESSOR OF LAW 249065 0 0 0 31007 0 25500 0 30717 0 336289 0 0 0 ANITA BERNSTEIN PROFESSOR OF LAW 260835 0 0 0 16446 0 25500 0 11327 0 314108 0 0 0 ARTHUR PINTO PROFESSOR OF LAW 229607 0 0 0 36098 0 23567 0 11666 0 300938 0 0 0 JOAN G WEXLER ESQ FORMER PRESIDENT 499597 0 0 0 11067 0 25250 0 27359 0 563273 0 0 0 BERYL R JONES-WOODIN FORMER ASSOCIATE DEAN FOR STUDENT 183807 0 0 0 4462 0 19410 0 21638 0 229317 0 0 0 MICHAEL A GERBER FORMER INTERIM DEAN & ASSOC. DEAN OF 231607 0 0 0 47195 0 24765 0 22655 0 326222 0 0 0 LAWRENCE M SOLAN FORMER-ASSOC. DEAN ACADEMI 210379 0 0 0 29214 0 22411 0 14080 0 276084 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS: A. REIMBURSEMENT OF TRAVEL EXPENSES FOR A COMPANION WHICH OCCURS OCCASIONALLY IS PAID ONLY IF THE TRAVEL EXPENSE QUALIFIES AS A NONTAXABLE WORKING CONDITION FRINGE BENEFIT. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: B. AS A CONDITION OF EMPLOYMENT, THE PRESIDENT/DEAN IS REQUIRED TO HAVE A HOME ON THE LAW SCHOOL'S CAMPUS WHICH IS FURNISHED AND MAINTAINED AT THE LAW SCHOOL'S EXPENSE. PERSONAL SERVICE: C. THE LAW SCHOOL PROVIDES CLEANING SERVICES TO THE FORMER PRESIDENT IN ACCORDANCE WITH AN AGREEMENT WHEREBY SHE CONTINUES TO RESIDE IN AN APARTMENT LOCATED AT 205 STATE STREET. PART I, LINE 8 THE AMOUNT REPORTED IN FORM 990, PART VII FOR NICHOLAS W. ALLARD, ESQ. PRESIDENT/DEAN AND PROFESSOR OF LAW HAS BEEN PAID PURSUANT TO A CONTRACT THAT WAS SUBJECT TO THE INITIAL CONTRACT EXCEPTION DESCRIBED IN REGULATIONS SECTION 53.4958-4(A)(3). THE CONTRACT WAS ENTERED INTO ON MARCH 27, 2012 AND WAS EFFECTIVE JULY 1, 2012. PART I, LINE 1A & 7: FORMER PRESIDENT WEXLER CONTINUES TO BE A MEMBER OF THE FACULTY AND RETAINS CONTINUED USE OF THE APARTMENT AT 205 STATE STREET SUBSEQUENT TO HER TENURE AS PRESIDENT OF THE LAW SCHOOL. IN AN AGREEMENT ENTERED INTO IN DECEMBER, 2011, THE LAW SCHOOL AGREED TO ALLOW FORMER PRESIDENT WEXLER TO OCCUPY THE APARTMENT FOR THE DURATION OF HER LIFETIME. A DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 649905MZ6 2009-07-22 22195460 REFUND PORTION OF BONDS ISSUED ON 08/20/2003 0 0 0 B DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 649906R63 2012-07-25 53833478 REFUND PORTION OF BONDS ISSUED ON 08/20/2003 1 0 0 A 22197460 2236712 442227 261093 19257428 2006 1 0 1 1 B 30220000 53916080 785705 553894 52576481 2006 0 1 1 1 A 0 1 0 0 0.00440 0.00440 0 0 1 B 0 1 0 0 0.00440 0.00440 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 1 1 A 1 B 1 PART II, LINE 3 (BOTH COLUMNS): THE DIFFERENCE WITH THE AMOUNT LISTED IN PART I, COLUMN (E) FOR THE 2009 BONDS IS ATTRIBUTABLE TO INVESTMENT EARNINGS FROM PROCEEDS ON DEPOSIT IN THE DEBT SERVICE RESERVE FUND. THE DIFFERENCE WITH THE AMOUNT LISTED IN PART I, COLUMN (E) FOR BONDS ISSUED ON 7/25/2012 (THE "2012 BONDS") IS ATTRIBUTABLE TO INVESTMENT EARNINGS FROM PROCEEDS ON DEPOSIT IN AN ESCROW FUND ("DEFEASANCE ESCROW") WHICH REFUNDED A PORTION OF A PRIOR ISSUE OF BONDS (THE "2003 BONDS") ON 7/1/2013. PART II, LINE 11 (BOTH COLUMNS): AMOUNTS LISTED INCLUDE PROCEEDS SPENT TO REFUND PRIOR ISSUE OF BONDS. PART III, ALL LINES (BOTH COLUMNS): DOES NOT INCLUDE INFORMATION RELATING TO THE USE OF PROCEEDS FROM PRIOR ISSUES OF BONDS WHICH WERE ISSUED BEFORE JANUARY 1, 2003. PART III, LINE 4 (BOTH COLUMNS): THE 2003 BONDS WERE A MULTIPURPOSE ISSUE CONSISTING OF A NEW MONEY PORTION AND A REFUNDING PORTION. THE 2003 BONDS WERE ALLOCABLE TO EACH SEPARATE PURPOSE ON THE BASIS OF A PRO-RATA ALLOCATION. THE 2009 AND 2012 BONDS BOTH REFUNDED A PRO-RATA PORTION OF THE 2003 BONDS AND, AS A RESULT, THE PRIVATE BUSINESS USE FOR BOTH REFUNDING ISSUES IS EQUAL. PART III, LINE 5 (BOTH COLUMNS): THE TAXPAYER PERIODICALLY LEASES OUT A PORTION OF THE PROJECT FINANCED WITH PROCEEDS FROM THE 2009 BONDS AND THE 2012 BONDS TO OUTSIDE USERS. A SMALL PORTION OF SUCH USE MAY BE IN A TRADE OR BUSINESS THAT IS UNRELATED TO THE TAXPAYER'S EXEMPT PURPOSE. THE AGGREGATE AMOUNT OF SUCH USE WOULD NOT BE IN EXCESS OF 1/10 OF 1 PERCENT OF THE PROJECTS FINANCED WITH PROCEEDS FROM THE 2009 BONDS OR THE 2012 BONDS. NICHOLAS W ALLARD OFFICER MORTGAGE X 158324 162957 0 1 1 162957 STUART SUBOTNICK CHAIRMAN OF THE BOARD OF TRUSTEES 288344 REMITTANCE TO ENERGY SERVICES COMPANY WHERE HE IS AN OFFICER. 0 X 11 156810 FMV 0 1 0 FORM 990, PART I, LINE 1 THE FUNDAMENTAL MISSION OF BROOKLYN LAW SCHOOL IS TO PROVIDE ITS STUDENTS WITH THE KNOWLEDGE, SKILLS, AND ETHICAL VALUES NEEDED FOR A CAREER IN THE LAW. FORM 990, PART I, LINE 6 NUMBER OF VOLUNTEERS: 150 CAREER CENTER PROGRAMS & MENTORS 65 CLASS CHAIRS 53 LAW FIRM CHALLENGE REP.'S 294 ALUMNI 43 PRESIDENT'S ADVISORY COUNCIL/BOARD OF TRUSTEES 128 STUDENTS 506 SYMPOSIA/EVENTS/OTHER FORM 990, PART III, LINE 1 THE FUNDAMENTAL MISSION OF BROOKLYN LAW SCHOOL IS TO PROVIDE ITS STUDENTS WITH THE KNOWLEDGE, SKILLS, AND ETHICAL VALUES NEEDED FOR A CAREER IN THE LAW. A WELL-ROUNDED LEGAL EDUCATION EXPOSES STUDENTS TO THEORY AND LEGAL DOCTRINE, AND GIVES THEM THE PRACTICAL SKILLS THAT WILL BE EXPECTED OF THEM AS LAWYERS. IN ORDER TO ACHIEVE ITS MISSION, THE LAW SCHOOL HAS CREATED, AND IS CONTINUING TO CREATE, A COMMUNITY OF OUTSTANDING LEGAL SCHOLARS AND TEACHERS AND STUDENTS WHO ARE AMONG THE BEST AND THE BRIGHTEST. BROOKLYN LAW SCHOOL IS DEDICATED TO CONTRIBUTING TO THE ADVANCEMENT OF OUR UNDERSTANDING OF LAW, LEGAL INSTITUTIONS, AND SOCIETY AT LARGE. BROOKLYN LAW SCHOOL'S FACULTY PRODUCES AN IMPRESSIVE BODY OF WORK, INCLUDING CASEBOOKS, TREATISES, AND ARTICLES IN DISTINGUISHED LAW JOURNALS. THE FACULTY'S STATURE HAS GREATLY ENHANCED THE LAW SCHOOL'S REPUTATION THROUGHOUT THE UNITED STATES AND ABROAD. BROOKLYN LAW SCHOOL BOASTS MORE THAN A CENTURY OF EXPERIENCE IN TRAINING STUDENTS TO ENGAGE IN THE PRACTICE OF LAW. FORM 990, PART VI, SECTION B, LINE 11 A DRAFT OF THE FORM 990 SHALL BE DISTRIBUTED BY THE CHIEF FINANCIAL OFFICER TO THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW PRIOR TO BEING SUBMITTED TO THE IRS. THE DRAFT FORM 990 SHALL BE DISTRIBUTED EARLY ENOUGH TO PROVIDE EACH FINANCE COMMITTEE MEMBER WITH A REASONABLE AMOUNT OF TIME FOR REVIEW AND SUBMISSION OF QUESTIONS OR COMMENTS PRIOR TO THE FILING DEADLINE. THE FINAL FORM 990 SHALL BE DISTRIBUTED TO EACH BOARD MEMBER PRIOR TO BEING FILED WITH THE IRS. THE DRAFT AND FINAL FORM 990 MAY BE DISTRIBUTED IN PERSON, BY REGULAR MAIL, E-MAIL, OR FAX. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY AND PROCEDURES IS DESIGNED TO ENSURE THAT WHENEVER A MATTER IS DISCUSSED OR A DECISION IS MADE BY THE LAW SCHOOL'S GOVERNING BOARD OR COMMITTEE, BOARD AND COMMITTEE MEMBERS FIRST ARE MADE AWARE OF THE EXISTENCE OF ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. THE POLICY ALSO REQUIRES THE LAW SCHOOL TO GATHER INFORMATION ABOUT SUCH CONFLICTS. THIS IS DONE BY REQUIRING EACH BOARD MEMBER, OFFICER, AND KEY EMPLOYEE AND ANY OTHER PERSON WHO REGULARLY ATTENDS THE LAW SCHOOL BOARD AND COMMITTEE MEETINGS TO COMPLETE AND FILE A CONFLICT OF INTEREST DISCLOSURE STATEMENT BEFORE SERVING ON THE LAW SCHOOL BOARD OR ANY COMMITTEE. THE DISCLOSURE STATEMENT REQUIRES EACH BOARD MEMBER, OFFICER, OR KEY EMPLOYEE TO DISCLOSE ANY BUSINESS OR PERSONAL INTERESTS, DIRECT OR INDIRECT, THAT THE PERSON MAY HAVE IN ANY ENTITY THAT DOES BUSINESS WITH THE LAW SCHOOL. THE POLICY AND THE DISCLOSURE STATEMENT CONTAIN THE INFORMATION AND DEFINITIONS EACH PERSON WILL NEED TO PROPERLY COMPLETE HIS OR HER PERSONAL DISCLOSURE STATEMENT. THE PROCEDURES ARE PERFORMED ANNUALLY. EACH TRUSTEE, OFFICER, KEY EMPLOYEE, AND MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON-- A. HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY AND PROCEDURES, B. HAS READ AND UNDERSTANDS THE POLICY, C. HAS AGREED TO COMPLY WITH THE POLICY, D. UNDERSTANDS THAT THE LAW SCHOOL IS A TAX-EXEMPT ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION, IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMPENSATION POLICY IS INTENDED TO COMPLY WITH IRS FORM 990 REPORTING AND APPLIES TO THE "COMPENSATION" OF BROOKLYN LAW SCHOOL'S "KEY EMPLOYEES" AND "OFFICERS". (A) REVIEW AND APPROVAL BY THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES: THE COMPENSATION OF ANY KEY EMPLOYEE OR OFFICER THAT FULFILLS THE CRITERIA DEFINED IN THIS POLICY SHALL BE REVIEWED AND APPROVED BY THE FINANCE COMMITTEE, PROVIDED THAT ANY PERSONS WITH CONFLICTS OF INTEREST SHALL NOT BE INVOLVED IN THE REVIEW AND APPROVAL OF THE COMPENSATION ARRANGEMENT. (1) APPLICABLE CONFLICT OF INTEREST POLICY PROVISIONS. PURSUANT TO BROOKLYN LAW SCHOOL'S CONFLICT OF INTEREST POLICY AND PROCEDURES, THE FOLLOWING RESTRICTIONS APPLY WITH RESPECT TO THE INDIVIDUALS WHO MAY REVIEW AND APPROVE EXECUTIVE COMPENSATION ARRANGEMENTS: A) A VOTING MEMBER OF THE BOARD OF TRUSTEES WHO RECEIVES COMPENSATION FOR SERVICES FROM BROOKLYN LAW SCHOOL, WHETHER DIRECTLY OR INDIRECTLY, AND ANY OTHER TRUSTEE WHO IS THAT VOTING MEMBER'S "IMMEDIATE FAMILY MEMBER," IS PRECLUDED FROM VOTING ON MATTERS PERTAINING TO THAT MEMBER'S COMPENSATION, OR THE COMPENSATION OF ANY OTHER MEMBER OF THE "INDEPENDENT EVALUATION COMMITTEE," OR ANY TRANSACTION WITH A BUSINESS IN WHICH EITHER THE MEMBER OR ANY OTHER MEMBER OF THE INDEPENDENT EVALUATION COMMITTEE HOLDS A "FINANCIAL INTEREST." B) A VOTING MEMBER OF ANY COMMITTEE WHOSE JURISDICTION INCLUDES COMPENSATION MATTERS AND WHO RECEIVES COMPENSATION FROM THE ORGANIZATION FOR SERVICES, WHETHER DIRECTLY OR INDIRECTLY, IS PRECLUDED FROM VOTING ON MATTERS PERTAINING TO HIS/HER COMPENSATION OR THE COMPENSATION OF ANY MORE SENIOR STAFF EXECUTIVE OF BROOKLYN LAW SCHOOL. (B) USE OF DATA FOR COMPARABLE COMPENSATION: PRIOR TO APPROVING THE COMPENSATION OF ANY KEY EMPLOYEE OR OFFICER, THE FINANCE COMMITTEE SHALL REVIEW AND EVALUATE HIS OR HER COMPENSATION USING DATA FOR COMPARING COMPENSATION OF SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED EDUCATIONAL INSTITUTIONS. (C) CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING: THE FINANCE COMMITTEE SHALL CONTEMPORANEOUSLY DOCUMENT AND MAINTAIN RECORDS OF ITS DELIBERATIONS AND DECISIONS REGARDING SUCH COMPENSATION ARRANGEMENTS. FORM 990, PART VI, SECTION C, LINE 19 THE LAW SCHOOL MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART VII, SECTION A THE ORGANIZATION, IN A FULL TRANSPARENCY POSTURE TO REPORTING, IS REPORTING ALL BENEFITS IN FULL IN PART VII, COLUMN F AND NOT APPLYING THE $10,000 PER ITEM EXCEPTION FOR CERTAIN BENEFITS. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 365,554. OTHER POST-RETIREMENT RELATED CHANGES OTHER THAN NET PERIODIC COSTS 154,914.