2011-05-04T18:45:27-07:00 2010-06-30 990 2009-07-01 951246140 SOUTHWESTERN LAW SCHOOL SOUT 2137386818 3050 Wilshire Blvd Los Angeles CA 900101106 Paul J Kalush III 2137385722 2010-12-23 2009 2016-02-24 21:20:13Z Bryant Garth 3050 Wilshire Blvd Los Angeles CA 900101106 43207411 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. 31 31 623 31 0 0 2278232 2245377 34199079 36421463 141774 -66369 694742 569133 37313827 39169604 6498455 7048232 0 0 19067010 20483792 0 0 260492 12537146 13002718 38102611 40534742 -788784 -1365138 72068636 72348527 24657721 24866917 47410915 47481610 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 29293873 7048232 39169604 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 900-1,000 students. 0 0 0 29293873 1 1 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 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 1 1635 0 623 1 0 0 0 0 0 0 0 0 0 31 31 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 0 0 0 Thomas H Hoberman 0.2 X 0 0 0 Julie K Xanders 0.2 X 0 0 0 Daphne M Anneet 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 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 Brian A Sun 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 Steven P Byrne 0.2 X 0 0 0 Dr Frank L Ellsworth 0 X 0 0 0 Sheldon A Gebb 0 X 0 0 0 Ed G Hookstratten 0 X 0 0 0 Hon John F Parker 0 X 0 0 0 Wayne Levin 1 X 0 0 0 Bryant G Garth 40 X 383697 0 36590 Janice Manis 40 X 178372 0 16265 Paul J Kalush III 40 X 132619 0 16489 Janis K Yokoyama 40 X 120522 0 11569 Austen L Parrish 40 X 171073 0 29135 James A Kushner 40 X 194731 0 25071 Catherine L Carpenter 40 X 184085 0 35621 Myrna S Raeder 40 X 181677 0 35242 James M Fischer 40 X 178422 0 35107 Norman Garland 40 X 180697 0 31657 1905895 0 272746 65 0 1 0 Kensington Caterers 5556 West Washington Blvd Los Angeles CA 90016 Catering 307540 Guardian PO Box 51505 Los Angeles CA 90051 Dental 222513 McKenna Long & Aldridge LLP 303 Peachtree Street NE Suite 5300 Atlanta GA 30308 Legal 160875 Wayne Mahoney 820 Sturnbridge Drive La Habra CA 90631 Consultant 148289 Anthony Stark Architect 3630 Tyburn Street Los Angeles CA 90065 Architecture 108926 5 0 0 0 0 900057 1345320 14681 2245377 Student Tuition & Fees 611310 36183387 36183387 0 0 Interest earned on student loans 611710 135573 135573 0 0 Sales and services of educational departments 611710 71227 71227 0 0 Federal Work STudy Off-Campus 611710 31276 31276 0 0 0 0 0 0 36421463 280119 0 0 280119 0 0 0 0 0 0 0 0 657385 0 576564 0 80821 0 80821 0 0 80821 3114755 0 3461243 0 -346488 0 -346488 0 0 -346488 0 Student Convenience (etc. Parking) 812930 387074 0 0 387074 Journal of Legal Education Subsidy 611310 22500 0 0 22500 Bond premium amortization 900099 19770 0 0 19770 58968 0 0 58968 488312 39169604 36421463 0 502764 0 0 7048232 7048232 0 0 0 0 1126550 207937 879013 39600 0 0 0 0 15503691 12513440 2884494 105757 1097436 889563 196150 11723 1611675 1221547 366832 23296 1144440 863961 272711 7768 0 0 0 0 183643 0 183643 0 147207 0 147207 0 0 0 0 0 0 0 0 0 0 0 674363 104557 569806 0 456410 209916 241120 5374 1465009 309526 1150821 4662 84114 18878 65236 0 0 0 0 0 2611879 61441 2550438 0 1111475 927252 152953 31270 0 0 0 0 767848 399962 336844 31042 444084 327683 116401 0 0 0 0 0 2724109 1949651 774458 0 216778 155149 61629 0 Library Books & Course Materials 1712857 1712857 0 0 Other (orientation, graduation, misc) 264900 234279 30621 0 Loan Bad Debt 138042 138042 0 0 40534742 29293873 10980377 260492 247583 2432 7445711 9464518 1281725 1296610 712058 606599 1055477 1279231 69442168 32800806 32891161 36641362 11045086 9735278 4401523 1568132 12843891 11619775 144421 134590 72068636 72348527 3713700 4229741 2638643 2704608 9390000 8950000 8915378 8982568 24657721 24866917 X 36697680 35787460 1702823 2426172 9010412 9267978 47410915 47481610 72068636 72348527 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7502693 429538 750903 73940 0 0 8609194 7977913 1014289 -1407489 73940 8080 0 7502693 0 1 0 0 0 3106177 6048179 9154356 3884790 45538147 24383225 25039712 0 0 0 0 0 3023313 2289295 734018 0 7841562 6128286 1713276 36641362 1568132 F 1568132 Student Loans 11619775 C 11619775 Asset Retirement Cost (ARC) 134590 134590 0 Advances For Student Loans (Perkins) 8718974 Bond Premium 263594 8982568 39169604 40534742 -1365138 1435833 0 0 0 0 1435833 70695 34609085 1435833 0 0 -5996352 -4560519 39169604 0 0 0 39169604 34538390 0 0 0 0 0 34538390 0 5996352 5996352 40534742 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_L00 Schedule D, Part X 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. In July 2006, the Financial Accounting Standards Board ("FASB") issued ASC Topic No. 740, Accounting for Uncertainty in Income Taxes. ASC 740 clarifies the accounting for uncertainty in income taxes recognized in an entity's financial statements and prescribes a threshold of more likely-than-not for recognition of tax benefits of uncertain tax positions taken or expected to be taken in a tax return. ASC 740 also provides related guidance on measurement, derecognition, classification, interest and penalties, and disclosure. The Law School has applied ASC 740 to all tax positions for which the statute of limitations remained open and determined there were no material unrecognized tax benefits. In addition, there have been no material changes in unrecognized benefits since adoption on July 1, 2008 through the current period, nor are any anticipated in the next 12 months. There have been no related tax penalties or interest, which would be classified as tax expense in the statement of activities. SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Financial Statements include student financial aid $5,996,352 as a reduction of revenue while the 990 records this amount as an expenses. SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Financial Statements do not include student financial aid 5,996,352 as an expense while the 990 does. 1 1 1 The non-discrimination policy is published on the internet at www.swlaw.edu/nondiscrimination and in the school catalog. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 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 1 Scholarship Awards 321 5731081 Federal Workstudy Grants 50 482819 0 Faculty Research Grants & Stipends 22 160000 Professorships 4 50000 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 0 1 X X X X X 0 0 0 0 0 0 0 0 0 Bryant G Garth 348572 0 0 0 35125 0 22050 0 14540 0 420287 0 0 0 Janice Manis 163897 0 0 0 14475 0 16182 0 83 0 194637 0 0 0 Austen L Parrish 144073 0 0 0 27000 0 15645 0 13490 0 200208 0 0 0 James A Kushner 166025 0 0 0 28707 0 17840 0 7231 0 219803 0 0 0 Catherine L Carpenter 166279 0 0 0 17806 0 17119 0 18502 0 219706 0 0 Myrna S Raeder 149677 0 0 0 32000 0 16740 0 18502 0 216919 0 0 0 James M Fischer 154223 0 0 0 24199 0 16605 0 18502 0 213529 0 0 0 Norman Garland 148697 0 0 0 32000 0 17145 0 14512 0 212354 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a Social club dues of $3,780 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. SchJ_P01_S00_L01b Schedule J, Part I, Line 1b Social club dues (in this case $3,780) are paid by the organization as a business expense as they provide professional networking opportunities which increases the public's awareness of the institution. California Educational Facilities Authority 521705592 130175A77 2003-05-29 12283629 To refund the Authority's Series 1994 bonds. 0 0 12283629 0 12055240 0 228389 0 0 1997 0 1 1 1 0 0 0 0 0 0 F990_P06_S0A_L02 Form 990, Part VI, Section A, Line 2 Two of our Board of Trustee members are partners in the same law firm. F990_P06_S0B_L11 Form 990, Part VI, Section B, Line 11 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_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 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 2010. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 No documents available to the public.