2013-05-14T17:42:49-07:00 2012-06-30 990 2011-07-01 951246140 SOUTHWESTERN LAW SCHOOL SOUT 2137386818 3050 Wilshire Blvd Los Angeles CA 900101106 Paul J Kalush III 2137385722 2013-05-14 2011 2016-02-24 21:20:13Z Bryant Garth 3050 Wilshire Blvd Los Angeles CA 900101106 48264891 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. 27 27 654 37 0 0 2816637 1963318 39661201 43107796 700528 258701 186268 49983 43364634 45379798 8936791 8221887 0 0 22223640 23080849 56822 64800 526237 12813735 13521071 44030988 44888607 -666354 491191 74068980 98199757 25220130 49093071 48848850 49106686 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 academic community with a student-centered approach to legal education. 0 0 33705341 8194168 43107796 Higher Education: Four JD programs are offered: a three-year, full-time day program; a four-year, part-time evening 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. Southwestern maintains an average class size of 1,000-1,100 students. 0 0 0 33705341 1 1 0 0 0 0 0 0 0 1 1 0 1 0 1 1 1 0 1 0 1 1 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1755 0 1 654 1 0 0 0 0 0 1 1 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 CA X Paul J Kalush III 2137386818 3050 Wilshire Blvd Los Angeles CA 90010 Thomas H Hoberman 0.2 X X 0 0 0 Michael J Downer 0.2 X X 0 0 0 Julie K Xanders 0.2 X X 0 0 0 Daphne M Anneet 0.2 X 0 0 0 Paul Aronzon 0.2 X 0 0 0 Michael E Cahill 0.2 X 0 0 0 Dennis PR Codon 0.2 X X 0 0 0 James E Coufos 0.2 X 0 0 0 Thomas L Driscoll 0.2 X 0 0 0 Darin J Feinstein 0.2 X 0 0 0 Pamela B Gann 0.2 X 0 0 0 Jana Waring Greer 0.2 X 0 0 0 Rory M Hernandez 0.2 X 0 0 0 Peter D Kelly III 0.2 X 0 0 0 Lauren B Leichtman 0.2 X 0 0 0 Wayne Levin 0.2 X 0 0 0 Hon Ronald SW Lew 0.2 X 0 0 0 Roger Lowenstein 0.2 X 0 0 0 Sanford P Paris 0.2 X 0 0 0 Daniel M Petrocelli 0.2 X 0 0 0 Hon Robert H Philibosian 0.2 X 0 0 0 John A Schulman 0.2 X 0 0 0 John Spirtos 0.2 X 0 0 0 Larraine Segil 0.2 X 0 0 0 Sheryl E Stein 0.2 X 0 0 0 Robert G van Schoonenberg 0.2 X 0 0 0 Robert E Willett 0.2 X 0 0 0 Hon Arleigh M Woods 0.2 X 0 0 0 Edwin V Woodsome Jr 0.2 X 0 0 0 Heidi Yoshioka 0.2 X 0 0 0 Steven P Byrne 0.2 X 0 0 0 Bryant G Garth 40 X 431362 0 40825 Janice Manis 40 X 181082 0 17893 Paul J Kalush III 40 X 146117 0 19989 Janis K Yokoyama 40 X 130528 0 17799 Austen L Parrish 40 X 195100 0 37844 Debra L Bassett 40 X 215153 0 19634 Arthur F McEvoy 40 X 205878 0 18826 Steve G Krone 40 X 202982 0 33624 Catherine L Carpenter 40 X 194667 0 47063 Myrna S Raeder 40 X 192117 0 48158 2094986 0 301655 74 0 1 0 Anthony Stark Architect 3630 Tyburn Street Los Angeles CA 90065 Architecture 566772 McKenna Long & Aldridge LLP 303 Peachtree Street NE Suite 5300 Atlanta GA 30308 Legal 320957 Kensington Caterers 5556 West Washington Blvd Los Angeles CA 90016 Catering 314773 The Martin Group of Companies 10866 Wilshire Boulevard Suite 225 Los Angeles CA 90024 Consulting Services 137000 Grant Thornton LLP 1000 Wilshire Blvd Suite 300 Los Angeles CA 90017 Accounting Services 136950 5 0 0 81250 0 674899 1207169 36742 1963318 Student Tuition & Fees 611310 42888879 42888879 0 0 Interest Earned on Student Loans 611710 120113 120113 0 0 Sales and Services of Educational Departments 611710 79410 79410 0 0 Federal Workstudy Off-Campus 611710 19394 19394 0 0 0 0 0 0 43107796 256548 0 0 256548 1890 0 0 1890 0 0 0 0 1141300 0 1668034 0 -526734 0 -526734 0 0 -526734 1104163 0 1103900 0 263 0 263 0 0 263 114626 81250 113159 1467 0 1467 0 0 0 0 0 0 0 0 0 0 0 0 Student Convenience (i.e. Parking) 812930 435664 0 0 435664 Journal of Legal Education Subsidy 611310 30000 0 0 30000 Bond Premium Amortization 900099 19770 0 0 19770 89816 0 0 89816 575250 45379798 43107796 0 308684 0 0 8194168 8194168 27719 27719 0 0 1194381 221121 904441 68819 0 0 0 0 17420892 13503430 3758359 159103 1284574 994477 275778 14319 1891799 1394836 477170 19793 1289203 956454 323360 9389 0 0 0 0 38656 0 38656 0 124889 0 124889 0 0 0 0 0 64800 64800 0 0 0 0 644814 212019 363448 69347 377490 196974 174908 5608 1735827 649315 1078921 7591 203650 75512 125495 2643 1213 1213 0 0 2766171 1517025 1249146 0 1156508 1004739 107355 44414 0 0 0 0 819634 445308 313915 60411 408917 266293 142624 0 0 0 0 0 2729840 1693365 1036475 0 210210 130397 79813 0 Library Books & Course Materials 1722807 1719516 3291 0 Winter Intersession Program Expenses 287847 287847 0 0 Orientation & Graduation 136756 136756 0 0 Loan Bad Debt 42263 42263 0 0 113579 34594 78985 0 44888607 33705341 10657029 526237 117173 9984677 8667943 16902727 2284151 2309856 435553 554237 0 0 0 0 1527141 1879540 79961970 38661429 36922942 41300541 12912028 13692625 0 0 10937842 11325917 0 264207 249637 74068980 98199757 4077292 8046653 2379387 1912532 8495000 29086836 0 0 0 0 10268451 10047050 25220130 49093071 X 35193790 35585614 4170874 3533952 9484186 9987120 48848850 49106686 74068980 98199757 X 491191 -233355 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9756734 499512 -307848 309470 0 0 9638928 8609194 277985 1167535 297980 0 0 9756734 7502693 429538 750903 73940 0 0 8609194 7977913 1014289 -1407489 73940 8080 0 7502693 0 1 0 0 0 2373648 6048179 8421827 5855471 46259122 29304623 22809970 0 0 0 0 0 3450325 2745948 704377 0 15975225 6610858 9364367 41300541 Student Loans 11325917 C 11325917 0 Advances for Student Loans (Perkins) 8803420 Lease Payable 1143092 Deferred Rent - Land 100538 10047050 45379798 44888607 491191 -233355 0 0 0 0 -233355 257836 37913724 -233355 0 0 -7232719 -7466074 45379798 0 0 0 45379798 37655888 0 0 0 0 0 37655888 0 7232719 7232719 44888607 SchD_P05_S00_L04 Schedule D, 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 and supplemental operating income. SchD_P10_S00_L02 Schedule D, Part X, Line 2 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 realized 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 jurisdiction including the US 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 year are 2008 through 2011 for federal and 2007 through 2011 for California tax years and determined there were no material unrecognized tax benefits. However, the statute 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, 2011, nor are any anticipated in the 12 months following June 30, 2012. However, management's 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 and 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 expenses in the statement of operations. SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Financial statements include student financial aid of $7,232,719 as a reduction of revenue while the 990 records this amount as an expense. SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Financial statements include student financial aid of $7,232,719 as a reduction of revenue while the 990 records this amount as an expense. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SchE_P01_S00_L03 Schedule E, Part I, Line 3 The non-discrimination policy is published on the internet at www.swlaw.edu/nondiscrimination and in the school catalog. SchE_P01_S00_L06 Schedule E, Part I, Line 6 The law school currently receives funding for the Federal Workstudy program and USAID. Both the Federal Workstudy program and the Federal Perkins revolving loan program provide financial assistance to Southwestern Law School students while USAID provides funds for international development. 1 North America (including Canada and Mexico, but not the United States) 0 0 Grantmaking Provided funds to establish a trial advocacy center including program director and assistant costs and program DVD creation costs. 27719 0 0 27719 North America (including Canada and Mexico, but not the United States) To establish a trial advocacy training center. 27719 Wire 1 0 0 0 0 0 0 0 SchF_P01_S00_L02 Schedule F, Part I, Line 2 The Law School has a signed agreement with a school in Mexico to create a trial advocacy learning center. A budget was created before the program began, therefore only valid budgeted costs are approved for expenditure. Grants are paid upon receipt of invoice. The invoice description is agreed to the program budget and the amount is reviewed for reasonableness and subsequently authorized by the program administrator. X X X X 1 Phillips and Associates Inc PO Box 241040 Los Angeles CA 90024 Capital Campaign Consulting 0 1236031 64800 1171231 1236031 64800 1171231 CA Judges Tribute Dinner 195876 81250 114626 0 0 0 99031 0 14128 0 0 195876 81250 114626 0 0 0 99031 0 14128 113159 1467 1 Scholarship Awards 424 7232719 0 Federal Workstudy Grants 286 707849 0 Faculty Research Grants 28 210000 0 Professorships 4 43600 0 SchI_P01_S00_L02 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. X X 0 1 X X X X X 0 0 0 0 0 0 0 1 0 Bryant G Garth 390362 0 25000 0 16000 0 22050 0 18775 0 472187 0 0 0 Janice Manis 180969 0 0 0 113 0 16414 0 1479 0 198975 0 0 0 Paul J Kalush III 146004 0 0 0 113 0 13253 0 6736 0 166106 0 0 0 Austen L Parrish 187100 0 0 0 8000 0 17876 0 19968 0 232944 0 0 0 Debra L Bassett 201154 0 0 0 14000 0 19380 0 254 0 234788 0 0 0 Arthur F McEvoy 191878 0 0 0 14000 0 18548 0 279 0 224705 0 0 0 Steve G Krone 202982 0 0 0 0 0 0 0 33624 0 236606 0 0 0 Catherine L Carpenter 186667 0 0 0 8000 0 18173 0 28890 0 241730 0 0 0 Myrna S Raeder 180117 0 0 0 12000 0 18053 0 30106 0 240276 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a Social club dues of $3,951 were paid by the organization to allow one business officer (Dean/CEO) of the organization to network so as to publicly advance the Law School. This amount was not treated as reportable compensation. The Dean/CEO also receives an annual automobile allowance of $6,000 and a $10,000 allowance for community affairs which advance the Law School's interest in the community. These amounts were treated as reportable compensation and were part of the Dean/CEO's employment contract which was approved by the Law School's Board of Trustees. SchJ_P01_S00_L01b Schedule J, Part I, Line 1b Social club dues (in this case $3,951) are paid by the organization as a business expense as they provide professional networking opportunities which increases the public's awareness of the institution. SchJ_P01_S00_L03 Schedule J, Part I, Line 3 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 reasonable compensation package. The Board of Trustees approves the compensation package. This process is undertaken on an annual basis for our Dean/CEO, with the most recent year being 2012. SchJ_P01_S00_L07 Schedule J, Part I, Line 7 The Dean/CEO is eligible for an annual discretionary bonus. The Board confers and determines, in its sole discretion, whether a bonus for prior year service will be awarded. The Board of Trustees considers the Dean/CEO's record of service and contributions, if any, to the improvement of the Law School's graduate bar passage rates, fundraising and endowment enhancement, enhancement of the visibility, reputation and stature of the law school in the community, success in faculty hiring, improvements in the Law School's ranking by nationally-recognized organizations and progress in executing the Law School's Strategic Plan. California Educational Facilities Authority 521705592 130175A77 2003-05-29 12283629 To refund the Authority's Series 1994 bonds (Original issue date of 10/01/94). 0 0 0 California Municipal Finance Authority 201563466 13048TMA8 2011-10-27 20839207 To finance the design and construction of a student housing facility 0 0 0 3860000 0 12628218 0 0 0 228389 0 0 0 12399829 0 0 1 1 1 0 0 20839207 1609750 2478817 0 416770 0 0 4706514 0 11627356 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 SchK_P01_S00_L00e Schedule K, Part I, Column e Other spent proceeds of $12,399,829 includes interest earned on prior years escrow proceeds of $344,589. This interest earned is not included in the issue price of $12,283,629 in Part I, A, column e but is included in total proceeds amount of $12,628,218 in Part II, A line 3. SchK_P05_S00_L00 Schedule K, Part V The Law School has adopted practices and procedures to ensure the post issuance compliance of its tax-exempt bond liabilities and to ensure that there are no violations of federal tax requirements and that any violations are quickly identified and corrected. These procedures are not currently in writing, but will be in writing shortly. X 4 36742 FMV 0 1 1 SchM_P01_S00_L32b Schedule M, Part I, Line 32b Southwestern Law School uses UBS to sell all stock donations upon receipt from donor. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The 990 is prepared by management and is then reviewed by an independent accounting firm. The 990 is then presented to the Finance and Audit Committee for review and subsequent discussion. The 990 is then posted to a secure website for Trustee viewing before it is filed. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c A questionnaire is sent to Board of Trustee members 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. F990_P06_S0B_L14 Form 990, Part VI, Section B, Line 14 The school does have written documentation retention and destruction policies but does not have a campus wide unified policy. The creation of a unified policy is in progress. F990_P06_S0B_L15 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, with the most recent year being 2012. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 These documents are not made available to the general public. F990_P11_S00_L05 Form 990, Part XI, Line 5 Net unrealized loss on investments.