2012-05-14T13:33:01-07:00 2011-06-30 990 2010-07-01 951246140 SOUTHWESTERN LAW SCHOOL SOUT 2137386818 3050 Wilshire Blvd Los Angeles CA 900101106 Paul J Kalush III 2137385722 2012-04-12 2010 2016-02-24 21:20:13Z Bryant Garth 3050 Wilshire Blvd Los Angeles CA 900101106 46942221 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. 29 29 662 32 0 0 2245377 2816637 36421463 39661201 -66369 700528 569133 186268 39169604 43364634 7048232 8936791 0 0 20483792 22223640 0 56822 516405 13002718 12813735 40534742 44030988 -1365138 -666354 72348527 74068980 24866917 25220130 47481610 48848850 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 32269425 8936791 39661201 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 950-1,050 students. 0 0 0 32269425 1 1 0 0 0 0 0 0 0 1 1 0 1 0 1 1 1 0 1 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1723 0 1 662 1 0 0 0 0 0 0 0 0 0 0 X 29 29 1 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 Dennis PR Codon 0.2 X X 0 0 0 Thomas H Hoberman 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 James E Coufos 0.2 X 0 0 0 Michael J Downer 0.2 X 0 0 0 Thomas L Driscoll 0.2 X 0 0 0 Darin J Feinstein 0.2 X 0 0 0 Hon Mathew K Fong 0.2 X 0 0 0 Donald G Forgey 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 Kelly Martin 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 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 Hon Otis D Wright II 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 395660 0 43295 Janice Manis 40 X 176015 0 17227 Paul J Kalush III 40 X 138418 0 18539 Janis K Yokoyama 40 X 126254 0 17575 Austen L Parrish 40 X 177255 0 34513 Debra Bassett 40 X 217989 0 10732 James A Kushner 40 X 199524 0 30409 Robert Lind 40 X 195243 0 39298 Arthur McEvoy 40 X 193083 0 17463 James M Fischer 40 X 190657 0 44811 2010098 0 273862 72 0 1 0 Kensington Caterers 5556 West Washington Blvd Los Angeles CA 90016 Catering 327285 McKenna Long & Aldridge LLP 303 Peachtree Street NE Suite 5300 Atlanta GA 30308 Legal 288791 Guardian PO Box 51505 Los Angeles CA 90051 Dental 244555 Anthony Stark Architect 3630 Tyburn Street Los Angeles CA 90065 Architecture 138343 Grant Thornton LLP 1000 Wilshire Blvd Suite 300 Los Angeles CA 90017 Audit Services 117620 7 0 0 0 0 774123 2042514 0 2816637 Student Tuition & Fees 611310 39439997 39439997 0 0 Interest Earned on Student Loans 611710 128565 128565 0 0 Sales & Services of Educational Departments 611710 66730 66730 0 0 Federal Workstudy Off-Campus 611710 25909 25909 0 0 0 0 0 0 39661201 220211 0 0 220211 0 0 0 0 0 0 0 0 947699 0 1410145 0 -462446 0 -462446 0 0 -462446 2647759 0 2167442 0 480317 0 480317 0 0 480317 0 0 0 0 0 0 Student Convenience (i.e. Parking) 812930 417355 0 0 417355 Journal of Legal Subsidy 611310 37500 0 0 37500 Bond premium amortization 900099 19770 0 0 19770 174089 0 0 174089 648714 43364634 39661201 0 886796 0 0 8936791 8936791 0 0 0 0 1202160 226943 904196 71021 16706060 13492211 3056448 157401 1185607 951328 220113 14166 1881187 1444295 415938 20954 1248626 956236 281605 10785 0 0 0 0 3690 0 3690 0 95110 0 95110 0 0 0 0 0 56822 56822 0 0 0 0 522937 134868 300455 87614 517422 259496 253647 4279 1482673 284091 1194707 3875 135066 80799 54267 0 989 989 0 0 2727977 67281 2660696 0 1094807 940621 110919 43267 0 0 0 0 812785 438757 327807 46221 429679 266532 163147 0 0 0 0 0 2726041 1690977 1035064 0 211000 130884 80116 0 Library Books & Course Materials 1721636 1721047 589 0 Orientation & Graduation 107949 107949 0 0 USAID TIES Program 70095 70095 0 0 Loss on Fixed Asset Disposal 60405 0 60405 0 Loan Bad Debt 29082 29082 0 0 64392 38153 26239 0 44030988 32269425 11245158 516405 2432 117173 9464518 8667943 1296610 2284151 606599 435553 1279231 1527141 72655980 35733038 36641362 36922942 9735278 12912028 1568132 0 11619775 10937842 134590 264207 72348527 74068980 4229741 4077292 2704608 2379387 8950000 8495000 8982568 10268451 24866917 25220130 X 35787460 35193790 2426172 4170874 9267978 9484186 47481610 48848850 72348527 74068980 X -666354 2033594 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 46104258 26817853 25141876 0 0 0 0 0 3085509 2519213 566296 0 9188915 6395972 2792943 36922942 Student Loans 10937842 C 10937842 0 Advances for Student Loans (Perkins) 8800527 Lease Payable 1176330 Bond premium 243825 Deferred Rent - Land 47769 10268451 43364634 44030988 -666354 2033594 0 0 0 0 2033594 1367240 37424360 2033594 0 0 -7973868 -5940274 43364634 0 0 0 43364634 36057120 0 0 0 0 0 36057120 0 7973868 7973868 44030988 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 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, 2009, 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 jurisdictions 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 years are 2007 through 2010 for federal and 2006 through 2010 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, 2010, nor are any anticipated in the 12 months following June 30, 2011. 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 expense in the statement of operations. SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Financial statements include student financial aid of $7,973,868 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 $7,973,868 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. X X X X 1 Phillips and Associates Inc PO Box 241040 Los Angeles CA 90024 Capital Campaign Consulting 0 81500 56822 24678 81500 56822 24678 CA 1 Scholarship Awards 445 7973868 0 Federal Workstudy Grants 312 750711 0 Faculty Research Grants 23 168000 0 Professorships 4 44212 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 1 0 0 0 0 0 0 0 0 Bryant G Garth 359910 0 0 0 35750 0 22050 0 21245 0 438955 0 0 0 Janice Manis 159550 0 0 0 16465 0 15941 0 1286 0 193242 0 0 0 Paul J Kalush III 128806 0 0 0 9613 0 12544 0 5995 0 156958 0 0 0 Austen L Parrish 150255 0 0 0 27000 0 16234 0 18279 0 211768 0 0 0 Robert Lind 161714 0 0 0 33529 0 18053 0 21245 0 234541 0 0 0 James M Fischer 158503 0 0 0 32154 0 17771 0 27040 0 235468 0 0 0 Debra Bassett 191404 0 0 0 26585 0 7695 0 3037 0 228721 0 0 0 James A Kushner 70479 0 0 0 129045 0 18330 0 12079 0 229933 0 0 0 Arthur McEvoy 172429 0 0 0 20654 0 17378 0 85 0 210546 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a Social club dues of $3,810 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 $3,810) 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, which is typically based on CPI +2%, 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 2011. SchJ_P01_S00_L04 Schedule J, Part I, Line 4 James A Kushner received $99,000 California Educational Facilities Authority 521705592 130175A77 2003-05-29 12283629 To refund the Authority's Series 1994 bonds. Series 1994 bond original date of issue was 10/01/94 0 0 0 3385000 0 12628218 0 0 0 228389 0 0 0 12399829 0 0 1 1 1 0 0 0 0 0 0 1 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, column e but is included in total proceeds amount of $12,628,218 in Part II, line 3. SchK_P01_S00_L00f Schedule K, Part I, Column f The series 1994 bonds original date of issue was 10/01/94. F990_P06_S0A_L02 Form 990, Part VI, Section A, Line 2 Two of our Board of Trustee members are partners in the same firm. 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 the 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_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, which is typically based on CPI +2%, 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 2011. 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 gain on investments