2026-06-02T12:00:40-05:00 2025-07-31 135565207 KPMG LLP 633 WEST 5TH STREET LOS ANGELES CA 90071 990 2024-08-01 951644037 PEPPERDINE UNIVERSITY PEPP 8187021364 24255 PACIFIC COAST HWY MALIBU CA 902634497 GREG G RAMIREZ CONTROLLER 8187021364 2026-06-02 1 0 DAVID M HIGHFILL P01517891 2139724000 2026-06-01 2024 2025-03-06 01:10:19Z JAMES A GASH 24255 PACIFIC COAST HWY MALIBU CA 902634497 1224947415 0 X WWW.PEPPERDINE.EDU X 1937 CA PEPPERDINE UNIVERSITY IS A CHRISTIAN UNIVERSITY (CONTINUED SCHEDULE O). 21 20 5155 20 23234091 1482922 31484848 56339649 563918646 553972247 92081374 121647437 17999788 23157358 705484656 755116691 151139601 150373104 0 0 249636516 260303276 459563 476686 9354583 263499285 255299506 664734965 666452572 40749691 88664119 2610614882 2732551710 756550821 758728770 1854064061 1973822940 X PEPPERDINE UNIVERSITY IS A CHRISTIAN UNIVERSITY COMMITTED TO THE HIGHEST STANDARDS OF ACADEMIC EXCELLENCE AND CHRISTIAN VALUES, WHERE STUDENTS ARE STRENGTHENED FOR LIVES OF PURPOSE, SERVICE, AND LEADERSHIP. SEE SCHEDULE O FOR MORE INFORMATION. 0 0 233812960 150066268 61734780 STUDENT SERVICES, INCLUDING SCHOLARSHIPS TO ENROLLED STUDENTS - THERE ARE MANY AUXILIARY SERVICES OFFERED TO THE STUDENTS TO PROMOTE THEIR INTELLECTUAL, EMOTIONAL, AND SPIRITUAL DEVELOPMENT. PEPPERDINE UNIVERSITY MAINTAINS MULTIPLE DINING AND HOUSING FACILITIES, A BOOKSTORE, BANKING SERVICES, PARKING FACILITIES LOCATED ALL OVER CAMPUS, TRANSPORTATION SERVICES, RECREATIONAL FIELDS, AND MAIL SERVICES. IN ADDITION TO THESE FACILITIES AND SERVICES, PEPPERDINE UNIVERSITY OFFERS APPROXIMATELY 83% OF ITS TOTAL STUDENT BODY FINANCIAL AID IN THE FORM OF VARIOUS SCHOLARSHIPS, GRANTS, AND LOANS. 126751443 53922 474779 ACADEMIC SUPPORT - PEPPERDINE UNIVERSITY EQUIPS STUDENTS WITH ACADEMIC SUPPORT TO ENSURE STUDENTS REACH THEIR EDUCATIONAL GOALS. UNIVERSITY SERVICES SUCH AS THE LIBRARY, TECH CENTRAL, PEPPERDINE COUNSELING CENTER, THE HEALTH CENTER, AND ONE STOP, THE PRIMARY ACADEMIC ADVISING CENTER, ASSIST IN THE WELL-BEING AND ACADEMIC PROGRESS OF THE UNIVERSITY'S STUDENTS. 118896962 238889 491569432 INSTRUCTION AND RESEARCH - PEPPERDINE UNIVERSITY IS A TOP CHRISTIAN INSTITUTION FOR HIGHER EDUCATION, AND SERVES APPROXIMATELY 3,600 UNDERGRADUATE STUDENTS AND 5,400 GRADUATE STUDENTS. IN ADDITION TO THE UNIVERSITY'S CAMPUSES IN CALIFORNIA, PEPPERDINE UNIVERSITY MAINTAINS SEVERAL STUDENT LEARNING PROGRAMS IN LOCATIONS SUCH AS EUROPE, SOUTH AMERICA, AND WASHINGTON D.C. PEPPERDINE UNIVERSITY BELIEVES IN A LOW STUDENT-FACULTY RATIO (13:1) AND HAS AN AVERAGE CLASS SIZE OF 18. THE UNIVERSITY OFFERS 43 MAJORS THAT UNDERGRADUATES CAN PURSUE, AS WELL AS 38 GRADUATE DEGREES, INCLUDING SEVEN DOCTORAL DEGREES. 27982802 14025 291396 PUBLIC SERVICE - THE UNIVERSITY OFFERS NUMEROUS SERVICES TO THE GENERAL PUBLIC, INCLUDING ART EXHIBITS, CONCERTS, PRODUCTIONS, AND OTHER PUBLIC BENEFIT ACTIVITIES. 27982802 14025 291396 507444167 1 1 0 1 0 1 0 1 1 1 1 1 0 1 1 1 0 1 1 1 1 0 1 1 1 0 0 1 1 1 1 1 0 0 0 0 1 0 0 1 1 1 1 0 0 1 1 1 1 0 0 1 X 11736 0 1 5155 1 1 1 1 AR GM IT SZ UK RW GH 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 21 20 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA KY MA MD MI NH OR SC X X MICHAEL MILLAR CONTROLLER 8187021364 24255 PACIFIC COAST HIGHWAY MALIBU CA 902634497 DEE ANNA SMITH CHAIR, REGENT 1.00 1.00 X X 0 0 0 ALAN BEARD REGENT THRU 5/25 1.00 0.00 X 0 0 0 ANNA MERGELE REGENT 1.00 0.00 X 0 0 0 CHRISTOPHER RUDD REGENT 1.00 0.00 X 0 0 0 DALE BROWN REGENT 1.00 0.00 X 0 0 0 DENNIS LEWIS REGENT 1.00 0.00 X 0 0 0 ERIC WOLFORD REGENT 1.00 0.00 X 0 0 0 FREDERICK RICKER VICE CHAIR, REGENT 1.00 0.00 X X 0 0 0 JAMES GASH PRESIDENT & CEO 40.00 2.00 X X 917815 0 405190 JAY WELKER SECRETARY, REGENT 1.00 1.00 X X 0 0 0 JEREMY JOHNSON REGENT 1.00 0.00 X 0 0 0 JOHN LEWIS ASSISTANT SECRETARY, REGENT 1.00 1.00 X X 0 0 0 JOHN PLUEGER REGENT 1.00 0.00 X 0 0 0 KASEY PIPES REGENT 1.00 0.00 X 0 0 0 KIMBERLY LINDLEY REGENT 1.00 0.00 X 0 0 0 MICHAEL OKABAYASHI REGENT 1.00 0.00 X 0 0 0 PETER JOHNSON JR REGENT 1.00 0.00 X 0 0 0 R CHARLES WALKER JR REGENT 1.00 0.00 X 0 0 0 SETH HAYE REGENT 1.00 0.00 X 0 0 0 SHELLE ENSIO REGENT 1.00 0.00 X 0 0 0 STEPHEN STEWART REGENT 1.00 0.00 X 0 0 0 VIRGINIA MILSTEAD REGENT 1.00 0.00 X 0 0 0 BEN VEENENDAAL VP PLANNING, OPS & CONSTRUCTION 40.00 0.00 X 239148 0 63275 CONNIE HORTON VP STUDENT AFFAIRS, VC RISE 40.00 0.00 X 204856 0 161918 DAMON SEAN BURNETT SVP, INTEGRATED MARKETING & CMO 40.00 0.00 X 302795 0 157216 DANIEL DEWALT VP & CHIEF OF STAFF 40.00 2.00 X 389748 0 68421 GREG RAMIREZ CHIEF FINANCIAL OFFICER 40.00 1.00 X 427277 0 36961 JAY BREWSTER PROVOST & CHIEF ACADEMIC OFFICER 40.00 0.00 X 473194 0 382341 JERI-ELAYNE GOOSBY SMITH VP COMM BELONGING & CDO 40.00 0.00 X 292655 0 37840 LARRY PERRIN SVP STRATEGIC IMPLEMENTATION 40.00 0.00 X 400269 0 54006 MICHAEL THOMAS VP, INTEGRATED MARKETING 40.00 0.00 X 250549 0 57994 NICOLLE TAYLOR SENIOR VP, COO 40.00 1.00 X 409633 0 51461 PHIL PHILLIPS EXEC. VICE PRESIDENT 40.00 0.00 X 440255 0 276727 SARA COSENTINO VP FOR ADV & CHIEF DEV OFFICER 40.00 1.00 X 399210 0 81779 SARA YOUNG JACKSON CHANCELLOR 40.00 0.00 X 498205 0 61860 SHARON BEARD INTERIM VP STUDENT AFFAIRS FROM 7/25 40.00 0.00 X 167163 0 164224 TIMOTHY SPIVEY VP SPIRITUAL LIFE 40.00 0.00 X 167453 0 244825 DEBORAH CROWN DEAN OF PGBS 40.00 0.00 X 410079 0 55752 FARZIN MADJIDI DEAN, GSEP 40.00 0.00 X 258769 0 165219 FAYE HOLTON DIRECTOR OF INVESTMENTS 35.00 6.00 X 248525 0 44705 JEFFREY ROHDE CHIEF INVESTMENT OFFICER 40.00 2.00 X 447528 0 76885 JONATHAN SEE CHIEF INFORMATION OFFICER 40.00 0.00 X 249221 0 74690 KATELYN CROWE CONTROLLER THRU 6/25 40.00 0.00 X 227278 0 23964 LEE KATS DEAN, SEAVER FROM 3/25 40.00 0.00 X 409117 0 43259 LILA MCDOWELL CARLSEN VICE PROVOST FROM 3/25 & PROFESSOR 40.00 0.00 X 250775 0 60187 MICHAEL NICKS DIRECTOR OF INVESTMENTS 40.00 0.00 X 250151 0 75589 EDMUND SCHILLING HEAD COACH, BASKETBALL 40.00 0.00 X 558269 0 21022 EDWARD LARSON DARLING CHAIR IN LAW & PROF 40.00 0.00 X 358415 0 53334 KIRON SKINNER PROFESSOR, SCHOOL OF PUBLIC POLICY 40.00 0.00 X 478467 0 48896 LORENZO ROMAR HEAD COACH, BASKETBALL 40.00 0.00 X 461602 0 17684 MICHAEL FELTNER DEAN OF COLLEGE OF HEALTH SCIENCE 40.00 0.00 X 405249 0 84029 GARY HANSON SENIOR EVP THRU 7/24 40.00 0.00 X 237358 0 39443 RICK GIBSON SV CHANCELLOR THRU 7/24 40.00 0.00 X 119305 0 78325 DAVID SMITH SENIOR ASSOCIATE PROVOST & PROFESSOR 40.00 0.00 X 346575 0 36241 PAUL CARON DEAN, CARUSO SCHOOL OF LAW 40.00 0.00 X 353109 0 221378 12050017 0 3526640 547 1 1 0 CLARK CONSTRUCTION GROUP - CA LP 18201 VON KARMAN STE 800 IRVINE CA 92612 CONSTRUCTION 88310245 2U INC 7900 HARKINS ROAD LANHAM MD 20706 E-LEARNING 54190121 BON APPETIT MANAGEMENT COMPANY PO BOX 50196 LOS ANGELES CA 900740196 CATERING 11411379 TURNER & TOWNSEND HEERY LLC 3550 LENOX ROAD ATLANTA GA 30326 CONSTRUCTION 5233313 THE PENTA BUILDING GROUP LLC 181 E WARM SPRINGS RD LAS VEGAS NV 89119 CONSTRUCTION 3560852 223 731732 6900 5155040 50445977 6245872 56339649 STUDENT TUITION & FEES 611710 498357943 498357943 ROOM AND BOARD 611710 50092254 50092254 OTHER REVENUE 611710 3536504 3536504 SALES AND SERVICES 611710 1985546 1985546 553972247 34337005 8110907 26226098 861418 0 861418 861418 98140 49773 713505 556205852 468895420 87310432 87310432 11068739 76241693 592387 731732 935304 -342917 -342917 420 0 420 420 OPERATING INTEREST REV 900099 6741660 0 6741660 OTHER NON PROGRAM REV 900099 6291328 93100 6198228 SALES AND SERVICES 900099 5605449 3911572 1693877 4000000 4000000 22638437 755116691 554070387 23234091 121472564 10750 10750 141630402 141630402 8731952 8731952 10718699 3122408 5806896 1789395 3205912 2396861 533573 275478 188694630 136358303 48114975 4221352 12826918 8656042 3850931 319945 31132658 24382686 5918634 831338 13724459 9337829 4002606 384024 6619177 357382 6261795 1377578 57147 1320431 52276 52276 476686 476686 7853587 7853587 57870300 56747362 1122938 6282245 802494 5331973 147778 13350252 6321759 6728081 300412 9775368 3896407 5873442 5519 13379729 8969036 4408508 2185 13269408 9930464 3136073 202871 5243224 3443705 1761563 37956 16560948 13523093 2971725 66130 32843505 26561094 6152528 129883 6608196 163266 6444930 STUDENT MEALS 12218094 1220310 10997552 232 CONSTRUCTION & EQUIP 11794100 3178079 8611621 4400 EQUIPMENT RENTAL & MAIN 4457430 3064791 1391270 1369 LIBRARY EXPENSES 2146879 2130130 16749 33597210 32450415 989165 157630 666452572 507444167 149653822 9354583 17393175 38037817 71998121 69914730 43656073 45527272 19235283 19971695 1390151 1689201 6698126 7355994 9904686 12800326 1156457908 351394198 653395634 805063710 569315138 547834191 933278724 940236466 11873325 11721734 272476446 232398574 2610614882 2732551710 54288345 69581002 29050325 29856863 29963639 24993561 31511434 32405894 611737078 601891450 756550821 758728770 X 1071683429 1134110089 782380632 839712851 1854064061 1973822940 2610614882 2732551710 X 88664119 22113301 8981459 X 0 1 X 1 1 1 X 67242887 71538193 44076355 31484848 56339649 270681932 67242887 71538193 44076355 31484848 56339649 270681932 1944069 268737863 79329098 21255394 33571510 28300271 26939603 189395876 538255 4400240 1172617 3663030 6088809 15862951 2303956 6819913 10629356 14540167 19226572 53519964 529460723 2685432854 0.50760 0.52060 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING EVENTS GAMING - 2020 AMOUNT: $ 103,145. 2021 AMOUNT: $ 377,142. 2022 AMOUNT: $ 644,230. 2023 AMOUNT: $ 714,596. 2024 AMOUNT: $ 592,387. OTHER INCOME - 2020 AMOUNT: $ 115,661. 2021 AMOUNT: $ 3,184,968. 2022 AMOUNT: $ 5,331,127. 2023 AMOUNT: $ 5,043,889. 2024 AMOUNT: $ 6,198,228. SALES AND SERVICES - 2020 AMOUNT: $ 1,447,201. 2021 AMOUNT: $ 3,254,943. 2022 AMOUNT: $ 4,652,279. 2023 AMOUNT: $ 8,779,312. 2024 AMOUNT: $ 1,693,877. GAMING INCOME - 2020 AMOUNT: $ 4,960. 2021 AMOUNT: $ 2,860. 2022 AMOUNT: $ 1,720. 2023 AMOUNT: $ 2,370. 2024 AMOUNT: $ 420. INSURANCE SETTLEMENT - 2020 AMOUNT: $ 632,989. SETTLEMENT PAYMENTS - 2024 AMOUNT: $ 4,000,000. OPERATING INTEREST REVENUE - 2024 AMOUNT: $ 6,741,660. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 2588 0 0 1 49688 52276 0 PART II-B, LINE 1: LINE 1(F), GRANTS TO OTHER ORGANIZATIONS FOR LOBBYING PURPOSES: THE UNIVERSITY PAID MEMBERSHIP DUES TO THE NATIONAL ASSOCIATION OF COLLEGE AND UNIVERSITY BUSINESS OFFICERS AND THE ASSOCIATION OF INDEPENDENT CALIFORNIA COLLEGES AND UNIVERSITIES, A PORTION OF WHICH WAS USED BY THE ORGANIZATIONS TO LOBBY FOR HIGHER EDUCATION INITIATIVES. LINE 1(I), OTHER ACTIVITIES: THE UNIVERSITY HIRED A LOBBYING FIRM IN CONNECTION WITH LAND USE ISSUES. 7 277129 1484844 1 1 11100844 X X X 0 0 1 X 1319031044 27974733 132183986 18295573 125911580 1334982610 1218871505 16300465 140901535 17517115 39525347 1319031044 1200868391 27297369 48419708 16825278 40888685 1218871505 1145290820 87393092 21517845 16113915 37219451 1200868391 908307875 23371272 273594646 15474077 44508896 1145290820 0.52444 0.34878 0.12678 1 1 1 24719804 24719804 26499843 1014179170 328530724 712148289 70795179 22525586 48269593 20263912 337888 19926024 805063710 ALTERNATIVE INVESTMENTS 936951675 F LIMITED PARTNERSHIPS 1773184 F OTHER INVESTMENTS 1109843 F CASH & CASH EQUIV. INVESTMENTS 401764 C 940236466 ASSETS HELD AS TRUSTEE 41020088 INVESTMENTS IN SUBSIDIARIES 87284665 ASSETS UNDER AGENCY AGREEMENTS 72910815 RIGHT OF USE ASSETS 31183006 232398574 U.S. GOVERNMENT STUDENT LOANS 842098 TAXABLE BOND LIABILITIES 562657374 LEASE LIABILITY 38391978 601891450 X 628930814 22113301 9916763 32030064 596900750 7853587 150362354 158215941 755116691 509171935 935304 935304 508236631 7853587 150362354 158215941 666452572 PART III, LINE 4: COLLECTION OF ART AND OTHER SIMILAR ASSETS: COLLECTIONS CONSIST OF ITEMS ACQUIRED BY THE UNIVERSITY'S LIBRARY THAT REQUIRE SPECIAL HANDLING DUE TO THEIR RARITY, VALUE, AND/OR PHYSICAL CONDITION. THE UNIVERSITY ALSO MAINTAINS AN ARCHIVAL COLLECTION OF OFFICIAL DOCUMENTS, PAPERS, PUBLICATIONS, AND ARTIFACTS OF PEPPERDINE UNIVERSITY AND PERSONS CONNECTED WITH THE UNIVERSITY. THESE COLLECTIONS ARE PROTECTED AND PRESERVED FOR EDUCATION, RESEARCH, AND PUBLIC EXHIBITION. PART IV, LINE 2B: ESCROW AND CUSTODIAL ARRANGEMENTS: PEPPERDINE UNIVERSITY RECORDS A CUSTODIAL LIABILITY FOR CHARITABLE GIFT ANNUITIES, CHARITABLE REMAINDER TRUSTS, AND LIFE ESTATES THAT ARE SUBJECT TO LIFE INTERESTS OF THE BENEFICIARIES. NO SIGNIFICANT FINANCIAL BENEFIT CAN BE REALIZED UNTIL THE CONTRACTUAL OBLIGATIONS ARE RELEASED. THE UNIVERSITY ALSO ACTS AS THE FISCAL AGENT FOR FUNDS RELATED TO UNIVERSITY SPONSORED AND/OR AFFILIATED PROGRAMS, AS WELL AS STUDENT GROUPS. THE UNIVERSITY DOES NOT OWN THE FUNDS ASSOCIATED WITH THESE GROUPS. PART V, LINE 4: USE OF ENDOWMENT FUNDS: THE INTENT OF PEPPERDINE UNIVERSITY'S ENDOWMENT FUND IS TO GENERATE REVENUES NECESSARY TO SUPPORT THE UNIVERSITY'S EXEMPT PURPOSE, INCLUDING EDUCATION, RESEARCH, AND SCHOLARSHIP. PART X, LINE 2: LIABILITY FOR UNCERTAIN TAX POSITIONS: AS A NOT-FOR-PROFIT EDUCATIONAL INSTITUTION, THE UNIVERSITY IS EXEMPT FROM FEDERAL AND CALIFORNIA INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE (EXCEPT FOR TAXES ON UNRELATED BUSINESS INCOME). SINCE THE UNIVERSITY'S UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JULY 31, 2025 AND 2024 WAS IMMATERIAL, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: ACTUARIAL ADJUSTMENT OF TRUST OBLIGATIONS -1,892,492. FUNDRAISING EXP REPORTED AS FUNCTIONAL EXP ON FS 935,304. ANNUITY FUNDS TRANSFERRED FROM RELATED ORGANIZATION 12,515,802. CHANGE IN VALUE OF BENEFICIAL INTEREST -1,641,851. PART XI, LINE 4B - OTHER ADJUSTMENTS: GROSS-UP FINANCIAL AID REPORTED NET ON FINANCIALS 150,362,354. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXP REPORTED NET OF REVENUE ON FORM 990 935,304. PART XII, LINE 4B - OTHER ADJUSTMENTS: GROSS-UP FINANCIAL AID REPORTED NET ON FINANCIALS 150,362,354. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 PEPPERDINE UNIVERSITY DISPLAYS A NOTICE OF ITS RACIALLY NONDISCRIMINATORY POLICY ON ITS PRIMARY, PUBLICLY ACCESSIBLE INTERNET HOMEPAGE AT ALL TIMES IN ACCORDANCE WITH REV. PROC. 2019-22. SCHEDULE E, PART I, LINE 6 PEPPERDINE UNIVERSITY IS AWARDED GRANTS FROM GOVERNMENT AGENCIES TO PROVIDE FINANCIAL AID TO STUDENTS. THESE GOVERNMENT AGENCIES INCLUDE, BUT ARE NOT LIMITED TO, THE U.S. DEPARTMENT OF EDUCATION, THE CALIFORNIA STUDENT AID COMMISSION, AND THE CORPORATION FOR NATIONAL AND COMMUNITY SERVICE. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 288461572 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 INVESTMENTS 31959727 EUROPE (INCLUDING ICELAND AND GREENLAND) 4 139 PROGRAM SERVICES EDUCATIONAL PROGRAMS 19397159 SOUTH AMERICA 1 19 PROGRAM SERVICES EDUCATIONAL PROGRAMS 2640560 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES EDUCATIONAL PROGRAMS 322885 SUB-SAHARAN AFRICA 0 43 PROGRAM SERVICES EDUCATIONAL PROGRAMS 744039 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 GRANTMAKING SCHOLARSHIPS / FINANCIAL ASSISTANCE 7310469 SOUTH AMERICA 0 0 GRANTMAKING SCHOLARSHIPS / FINANCIAL ASSISTANCE 872849 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING SCHOLARSHIPS / FINANCIAL ASSISTANCE 346785 SUB-SAHARAN AFRICA 0 0 GRANTMAKING SCHOLARSHIPS / FINANCIAL ASSISTANCE 201849 5 201 0 0 5 201 351709260 548634 352257894 SCHOLARSHIPS / FINANCIAL ASSISTANCE EUROPE (INCLUDING ICELAND AND GREENLAND) 429 7310469 STUDENT ACCOUNT N/A N/A SCHOLARSHIPS / FINANCIAL ASSISTANCE SOUTH AMERICA 49 872849 STUDENT ACCOUNT N/A N/A SCHOLARSHIPS / FINANCIAL ASSISTANCE EAST ASIA AND THE PACIFIC 48 346785 STUDENT ACCOUNT N/A N/A SCHOLARSHIPS / FINANCIAL ASSISTANCE SUB-SAHARAN AFRICA 28 201849 STUDENT ACCOUNT N/A N/A 1 0 1 1 1 0 PART I, LINE 2: MONITORING OF FUNDS: PEPPERDINE UNIVERSITY MAINTAINS AN OFFICE OF RESEARCH, GRANTS, AND FOUNDATION RELATIONS THAT OVERSEES THE ADMINISTRATION OF ALL GRANTS, DOMESTIC AND INTERNATIONAL, TO ENSURE COMPLIANCE WITH GRANT REQUIREMENTS, AS WELL AS LAWS AND REGULATIONS. FURTHER OVERSIGHT IS PROVIDED BY THE UNIVERSITY'S FINANCE OFFICE. PART I, LINE 3(F): ACCOUNTING BASIS: EXPENDITURES IN COLUMN (F) ARE THE REGIONAL EXPENDITURES INCURRED BY THE UNIVERSITY IN U.S. DOLLARS AND BASED ON THE ACCRUAL BASIS OF ACCOUNTING. PART III, COL (C): NUMBER OF RECIPIENTS: THE NUMBER OF RECIPIENTS REPORTED IN COLUMN (C) IS DETERMINED BY REVIEWING THE ACTUAL NUMBER OF STUDENTS THAT RECEIVED AID FOR THE RESPECTIVE REGION. PART III, COL (D): ACCOUNTING BASIS: EXPENDITURES REPORTED IN COLUMN (D) ARE IN U.S. DOLLARS USING THE ACCRUAL BASIS OF ACCOUNTING. X 1 EVERTRUE PO BOX 844787 BOSTON MA 02284 SOFTWARE & PROFESSIONAL SERVICE 0 0 186291 0 MARTS & LUNDY 1200 WALL STREET W LYNDHURST NJ 07071 PROFESSIONAL FUNDRAISING SERVICES 0 0 178834 0 JAMES MICHAEL LANGLEY 8300 WISCONSIN AVE APT 302 BETHESDA MD 20814 CONSULTANT 0 0 43200 0 DOUGLAS CORBIN 44 DORNOCH WAY TRABUCO CANYON CA 92679 CONSULTANT 0 0 39200 0 25 GIVING 3711 MOPAC EXPY STE 150 AUSTIN TX 78746 PROFESSIONAL FUNDRAISING SERVICES 0 0 8000 0 KDD PHILANTHROPY INC 11324 SHOREPOINTE COURT SAN DIEGO CA 92310 CONSULTANT 0 0 6578 0 COMMUNICATIONS CENTER LLC (JIMMY DUNNE) 14020 PANAY WAY STE 123 MARINA DEL REY CA 90292 CONSULTANT 0 0 14583 0 476686 AL AK AR CA CO CT DC HI KY MD MA MI MO NV NH NC OH OR PA SC UT VA WA WV GOLF TOURNAMENT 566731 303321 263410 3183 306615 LAW DINNER 335921 191071 144850 260744 3000 87802 3 421467 237340 184127 118040 155920 1324119 731732 592387 381967 3000 550337 935304 -342917 1 FOREVER FOUND 1070 COUNTRY CLUB DRIVE SUITE F SIMI VALLEY CA 93065 272568005 501(C)(3) 6250 0 N/A N/A GENERAL SUPPORT 1 0 SCHOLARSHIPS / FINANCIAL AID PAID 6139 141630402 N/A N/A PART I, LINE 2: MONITORING USE OF FUNDS: GRANTS ARE PROVIDED ON THE BASIS OF VERIFIED FINANCIAL NEED OR MERIT. THE UNIVERSITY DOES NOT UNLAWFULLY DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL OR ETHNIC ORIGIN, RELIGION, AGE, SEX, DISABILITY, OR PRIOR MILITARY SERVICE. FINANCIAL ASSISTANCE IS MONITORED SO THAT IT IS IN COMPLIANCE WITH AWARDING TERMS AND CONDITIONS. EXPENDITURES ARE REVIEWED FOR PERMISSIBILITY AND COMPLIANCE. STUDENTS ARE REQUIRED TO SUBMIT APPROPRIATE DOCUMENTS PRIOR TO APPROVAL. PART III, LINE (B) NUMBER OF RECIPIENTS: CASH GRANTS ARE CREDITS TO STUDENT ACCOUNTS. THE NUMBER OF RECIPIENTS REPRESENTS ONLY THE NUMBER OF STUDENTS RECEIVING INSTITUTIONAL FUNDING AND FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS. OUTSIDE GRANTS, OR APPLICATIONS OF FUNDS PROVIDED BY OUTSIDE ORGANIZATIONS, ARE NOT INCLUDED. X X X X X X 1 1 X X X X 0 0 0 0 0 0 0 1 0 JAMES GASH PRESIDENT & CEO 562795 0 350000 0 5020 0 34500 0 370690 0 1323005 0 0 0 JAY BREWSTER PROVOST & CHIEF ACADEMIC OFFICER 395345 0 74000 0 3849 0 27521 0 354820 0 855535 0 0 0 PHIL PHILLIPS EXEC. VICE PRESIDENT 325410 0 90000 0 24845 0 65000 0 211727 0 716982 0 0 0 EDMUND SCHILLING HEAD COACH, BASKETBALL 474464 0 25000 0 58805 0 0 0 21022 0 579291 0 0 0 PAUL CARON DEAN, CARUSO SCHOOL OF LAW 254699 0 68000 0 30410 0 88000 0 133378 0 574487 0 0 0 SARA YOUNG JACKSON CHANCELLOR 360031 0 74000 0 64174 0 30213 0 31647 0 560065 0 0 0 KIRON SKINNER PROFESSOR, SCHOOL OF PUBLIC POLICY 298000 0 0 0 180467 0 29101 0 19795 0 527363 0 0 0 JEFFREY ROHDE CHIEF INVESTMENT OFFICER 375718 0 71000 0 810 0 34500 0 42385 0 524413 0 0 0 MICHAEL FELTNER DEAN OF COLLEGE OF HEALTH SCIENCE 330561 0 65000 0 9688 0 34592 0 49437 0 489278 0 0 0 SARA COSENTINO VP FOR ADV & CHIEF DEV OFFICER 332360 0 65000 0 1850 0 32538 0 49241 0 480989 0 0 0 LORENZO ROMAR HEAD COACH, BASKETBALL 196707 0 0 0 264895 0 7922 0 9762 0 479286 0 0 0 DEBORAH CROWN DEAN OF PGBS 350773 0 54000 0 5306 0 22167 0 33585 0 465831 0 0 0 GREG RAMIREZ CHIEF FINANCIAL OFFICER 357347 0 69000 0 930 0 34500 0 2461 0 464238 0 0 0 NICOLLE TAYLOR SENIOR VP, COO 340492 0 68000 0 1141 0 34481 0 16980 0 461094 0 0 0 DAMON SEAN BURNETT SVP, INTEGRATED MARKETING & CMO 225651 0 58000 0 19144 0 43555 0 113661 0 460011 0 0 0 DANIEL DEWALT VP & CHIEF OF STAFF 323877 0 61000 0 4871 0 33471 0 34950 0 458169 0 0 0 LARRY PERRIN SVP STRATEGIC IMPLEMENTATION 339208 0 56000 0 5061 0 34500 0 19506 0 454275 0 0 0 LEE KATS DEAN, SEAVER FROM 3/25 305921 0 55000 0 48196 0 30794 0 12465 0 452376 0 0 0 FARZIN MADJIDI DEAN, GSEP 159309 0 48000 0 51460 0 77340 0 87879 0 423988 0 0 0 TIMOTHY SPIVEY VP SPIRITUAL LIFE 108874 0 30000 0 28579 0 27940 0 216885 0 412278 0 0 0 EDWARD LARSON DARLING CHAIR IN LAW & PROF 297010 0 5000 0 56405 0 30141 0 23193 0 411749 0 0 0 DAVID SMITH SENIOR ASSOCIATE PROVOST & PROFESSOR 306421 0 0 0 40154 0 30985 0 5256 0 382816 0 0 0 CONNIE HORTON VP STUDENT AFFAIRS, VC RISE 153325 0 31000 0 20531 0 65379 0 96539 0 366774 0 0 0 SHARON BEARD INTERIM VP STUDENT AFFAIRS FROM 7/25 166320 0 0 0 843 0 15227 0 148997 0 331387 0 0 0 JERI-ELAYNE GOOSBY SMITH VP COMM BELONGING & CDO 239019 0 39000 0 14636 0 14001 0 23839 0 330495 0 0 0 MICHAEL NICKS DIRECTOR OF INVESTMENTS 247715 0 0 0 2436 0 26402 0 49187 0 325740 0 0 0 JONATHAN SEE CHIEF INFORMATION OFFICER 246801 0 0 0 2420 0 26210 0 48480 0 323911 0 0 0 LILA MCDOWELL CARLSEN VICE PROVOST FROM 3/25 & PROFESSOR 225249 0 25000 0 526 0 27544 0 32643 0 310962 0 0 0 MICHAEL THOMAS VP, INTEGRATED MARKETING 249857 0 0 0 692 0 25582 0 32412 0 308543 0 0 0 BEN VEENENDAAL VP PLANNING, OPS & CONSTRUCTION 231334 0 7000 0 814 0 18885 0 44390 0 302423 0 0 0 FAYE HOLTON DIRECTOR OF INVESTMENTS 244969 0 0 0 3556 0 25239 0 19466 0 293230 0 0 0 GARY HANSON SENIOR EVP THRU 7/24 225043 0 0 0 12315 0 22770 0 16673 0 276801 0 0 0 KATELYN CROWE CONTROLLER THRU 6/25 223860 0 3000 0 418 0 22135 0 1829 0 251242 0 0 0 RICK GIBSON SV CHANCELLOR THRU 7/24 89215 0 0 0 30090 0 33073 0 45252 0 197630 0 0 0 PART I, LINE 1A FIRST CLASS TRAVEL: PURSUANT TO A WRITTEN POLICY AND APPROPRIATE APPROVAL, FIRST CLASS TRAVEL IS PERMITTED FOR CERTAIN OFFICERS AND EMPLOYEES FOR BUSINESS PURPOSES. TRAVEL FOR BUSINESS PURPOSES IS NOT INCLUDED IN TAXABLE WAGES. SEVEN OFFICERS AND TWO KEY EMPLOYEES LISTED ON FORM 990, PART VII FLEW FIRST CLASS FOR BUSINESS PURPOSES DURING CALENDAR YEAR 2024. TRAVEL FOR COMPANIONS: PURSUANT TO A WRITTEN POLICY AND APPROPRIATE APPROVAL, CERTAIN OFFICERS AND EMPLOYEES' SPOUSES ARE PERMITTED TO TRAVEL ON OCCASION, WHEN NECESSARY FOR BUSINESS PURPOSES. TRAVEL FOR BUSINESS PURPOSES IS NOT INCLUDED IN TAXABLE WAGES. FIVE OFFICERS AND TWO KEY EMPLOYEES LISTED ON FORM 990, PART VII WERE PROVIDED WITH COMPANION TRAVEL FOR BUSINESS PURPOSES DURING CALENDAR YEAR 2024. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS: THE UNIVERSITY PROVIDES TAX INDEMNIFICATION AND GROSS-UP PAYMENTS TO EMPLOYEES THAT PROVIDE LATE SUBSTANTIATION OF EXPENSES UNDER ACCOUNTABLE PLAN RULES FOR ORDINARY AND NECESSARY BUSINESS EXPENSES. IN SOME CASES, TAX INDEMNIFICATION OR GROSS-UP PAYMENTS ARE ALSO PROVIDED FOR THE REIMBURSEMENT OF CERTAIN TAXABLE MOVING EXPENSES. ADDITIONALLY, AS PART OF THE MINISTERIAL HOUSING PROGRAM, THE UNIVERSITY ALSO PROVIDES ADDITIONAL COMPENSATION TO PARTICIPANTS FOR WAGE WITHHOLDING, IN AN AMOUNT EQUAL TO THE EMPLOYER'S SHARE OF THE PARTICIPANTS' SELF-EMPLOYMENT TAX. SIX OFFICERS, ONE FORMER OFFICER, ONE KEY EMPLOYEE, ONE FORMER KEY EMPLOYEE AND TWO HIGHEST PAID INDIVIDUALS LISTED ON FORM 990, PART VII WERE PROVIDED WITH TAX INDEMNIFICATION OR GROSS-UP PAYMENTS DURING CALENDAR YEAR 2024. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: SUBJECT TO EXECUTIVE APPROVAL, THE UNIVERSITY PROVIDES A MINISTERIAL HOUSING ALLOWANCE TO EMPLOYEES WHO ARE MINISTERS. THE ALLOWANCE IS INCLUDED IN THE NONTAXABLE BENEFITS OF SUCH EMPLOYEES. FOUR OFFICERS, ONE KEY EMPLOYEE, ONE FORMER OFFICER, AND ONE FORMER KEY EMPLOYEE LISTED ON FORM 990, PART VII WERE PROVIDED A MINISTERIAL HOUSING ALLOWANCE DURING CALENDAR YEAR 2024. ADDITIONALLY, ON-CAMPUS HOUSING PROVIDED AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE EMPLOYER IS NOT INCLUDED IN TAXABLE WAGES. TWO OFFICERS LISTED ON FORM 990, PART VII WERE PROVIDED ON-CAMPUS HOUSING AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE EMPLOYER DURING CALENDAR YEAR 2024. HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES: EXPENDITURES FOR BUSINESS PURPOSES ARE APPROVED PURSUANT TO THE UNIVERSITY'S REIMBURSEMENT POLICIES. SUCH REIMBURSEMENTS ARE NOT INCLUDED IN TAXABLE WAGES. FIVE OFFICERS, THREE KEY EMPLOYEES, TWO HIGHEST PAID EMPLOYEES, AND TWO FORMER KEY EMPLOYEES LISTED ON FORM 990, PART VII RECEIVED REIMBURSEMENTS FOR EXPENDITURES ASSOCIATED WITH HEALTH OR SOCIAL CLUB MEMBERSHIPS USED FOR BUSINESS PURPOSES DURING CALENDAR YEAR 2024. PERSONAL SERVICES: EXPENDITURES FOR BUSINESS PURPOSES ARE APPROVED PURSUANT TO THE UNIVERSITY'S REIMBURSEMENT POLICIES. SUCH REIMBURSEMENTS ARE NOT INCLUDED IN TAXABLE WAGES. FIVE OFFICERS, ONE HIGHEST PAID EMPLOYEE, ONE KEY EMPLOYEE, AND ONE FORMER KEY EMPLOYEE WERE PROVIDED CAR SERVICES FOR BUSINESS RELATED TRANSPORTATION DURING CALENDAR YEAR 2024. ONE OFFICER WAS PROVIDED LAUNDRY SERVICES IN CONNECTION WITH BUSINESS RELATED TRAVEL AND ONE OFFICER WAS PROVIDED CLEANING SERVICES IN CONNECTION WITH UNIVERSITY EVENTS DURING CALENDAR YEAR 2024. PART I, LINE 7 NONFIXED PAYMENTS: THE BOARD OF REGENTS, IN ITS DISCRETION, PROVIDES OBJECTIVES AND KEY RESULTS, AND POTENTIAL MAXIMUM BONUS AMOUNTS FOR THE PRESIDENT EACH YEAR. SIMILARLY, THE PRESIDENT, IN HIS DISCRETION, PROVIDES OBJECTIVES AND KEY RESULTS, AND POTENTIAL BONUSES FOR SELECT SENIOR ADMINISTRATORS EACH YEAR. THE BOARD OF REGENTS DEFINES THE MAXIMUM CUMULATIVE BONUS AMOUNT AVAILABLE FOR BONUS PLAN PARTICIPANTS EACH YEAR. OBJECTIVES AND KEY RESULTS FOR BOTH THE PRESIDENT AND SELECT SENIOR ADMINISTRATORS MAY SPAN ACROSS MULTIPLE YEARS. THE BOARD OF REGENTS ANNUALLY ASSESSES THE PRESIDENT'S PROGRESS TOWARD ACHIEVING OBJECTIVES AND KEY RESULTS, BOTH INDIVIDUALLY AND COLLECTIVELY, AND BASED UPON ITS SOLE ASSESSMENT, MAY AWARD A BONUS UP TO THE MAXIMUM POTENTIAL AMOUNT ESTABLISHED FOR A PARTICULAR OBJECTIVE AND KEY RESULT. SIMILARLY, THE PRESIDENT ANNUALLY ASSESSES SELECT SENIOR ADMINISTRATORS' PROGRESS TOWARD ACHIEVING OBJECTIVES AND KEY RESULTS, BOTH INDIVIDUALLY AND COLLECTIVELY, AND MAY AWARD A BONUS UP TO THE MAXIMUM AMOUNT ESTABLISHED FOR A PARTICULAR OBJECTIVE AND KEY RESULT. ADDITIONALLY, THE AUDIT AND GOVERNANCE COMMITTEE ON ITS OWN INITIATIVE, OR AT THE REQUEST OF THE PRESIDENT, MAY AT ITS SOLE DISCRETION, CONDUCT AN INTERIM ASSESSMENT OF ANY PARTICULAR OBJECTIVE AND KEY RESULT. BASED ON ITS ASSESSMENT, THE AUDIT AND GOVERNANCE COMMITTEE MAY RECOMMEND TO THE BOARD OF REGENTS ANY ACTION THAT MAY BE APPROPRIATE, INCLUDING FOR EXAMPLE, THAT A BONUS BE IMMEDIATELY AWARDED. LIKEWISE, THE PRESIDENT, MAY AT HIS SOLE DISCRETION, CONDUCT AN INTERIM ASSESSMENT OF ANY PARTICULAR OBJECTIVE AND KEY RESULT AND TAKE ANY ACTION THAT MAY BE APPROPRIATE, INCLUDING FOR EXAMPLE, THAT A BONUS BE IMMEDIATELY AWARDED TO SELECT SENIOR ADMINISTRATORS. THE AUDIT AND GOVERNANCE COMMITTEE IS ANNUALLY APPRISED OF THE PRESIDENT'S RATIONALE AND AWARDS OF BONUSES TO SELECT SENIOR ADMINISTRATORS. A CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130179AX2 2015-09-03 87786387 REFUND 2005A & 2005B BONDS 1 0 0 B CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130179FV1 2016-03-17 117753105 REFUND 2010 BONDS, CONSTRUCTION & FACILITIES 1 0 0 C CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130179LU6 2017-12-21 24514680 REFUND 2012 BONDS 0 0 0 A 12825000 59975000 87786387 717742 87068645 2015 1 0 1 1 B 7035000 88690000 117753105 868673 99395549 17488883 2016 0 1 1 1 C 5120000 24514680 298224 24728000 2017 0 1 1 1 A 0 0 0 0 0.00020 0.00020 0 0 1 B 0 0 0 0 0.00170 0.00170 0 0 1 C 0 0 0 0 0.00740 0.00740 0 0 1 A 0 0 1 0 0 0 0 0 1 B 0 0 0 1 0 0 0 1 1 C 0 0 1 0 0 0 0 0 1 A 1 B 1 C 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 03/17/2025 SCHEDULE K, PART I: LINE A, COLUMN (F) - DESCRIPTION OF PURPOSE: REFUND 2005A AND 2005B BONDS ORIGINALLY ISSUED ON 08/03/2005 AND 09/06/2005, RESPECTIVELY. LINE B, COLUMN (F) - DESCRIPTION OF PURPOSE: REFUND 2010 BONDS ORIGINALLY ISSUED ON 04/28/10, CONSTRUCTION AND FACILITIES. LINE C, COLUMN (F) - DESCRIPTION OF PURPOSE: REFUND 2012 BONDS ORIGINALLY ISSUED ON 06/05/2012. SCHEDULE K, PART IV, LINE 2C, COLUMN (B) DATE REBATE COMPUTATION WAS PERFORMED: 03/17/2025 MICHAEL NICKS KEY EMPLOYEE RELOCATION X 320000 353556 0 0 1 JEFFREY ROHDE KEY EMPLOYEE RELOCATION X 350000 375123 0 0 1 LARRY PERRIN OFFICER RELOCATION X 100000 105970 0 0 1 DANIEL DEWALT OFFICER RELOCATION X 100000 104249 0 0 1 SARA COSENTINO OFFICER RELOCATION X 100000 104247 0 0 1 MICHAEL THOMAS OFFICER RELOCATION X 100000 103011 0 0 1 DEBORAH CROWN KEY EMPLOYEE RELOCATION X 150000 153941 0 0 1 JERI-ELAYNE GOOSBY SMIT OFFICER RELOCATION X 150000 150062 0 0 1 LEE KATS KEY EMPLOYEE RELOCATION X 125000 125003 0 0 1 LILA MCDOWELL CARLSEN KEY EMPLOYEE RELOCATION X 100000 114039 0 0 1 1689201 RONALD PHILLIPS FATHER OF OFFICER 288855 EMPLOYMENT - COMPENSATION & BENEFITS 0 SHANNON PHILLIPS SISTER-IN-LAW OF OFFICER 235927 EMPLOYMENT - COMPENSATION & BENEFITS 0 PHILIP CHO SON-IN-LAW OF OFFICER 133144 EMPLOYMENT - COMPENSATION & BENEFITS 0 AGNES GIBSON SPOUSE OF FORMER OFFICER 127506 EMPLOYMENT - COMPENSATION & BENEFITS 0 LUCY PERRIN SPOUSE OF OFFICER 72847 EMPLOYMENT - COMPENSATION & BENEFITS 0 MARK COSENTINO SPOUSE OF OFFICER 134494 EMPLOYMENT - COMPENSATION & BENEFITS 0 GEORGE CARLSEN SPOUSE OF KEY EMPLOYEE 194831 EMPLOYMENT - COMPENSATION & BENEFITS 0 KAMERON VEENENDAAL SPOUSE OF OFFICER 63503 EMPLOYMENT - COMPENSATION & BENEFITS 0 X 1 RETAIL COST X 59 RETAIL COST X 42 5906280 AVG PRICE/DONATE DAY X 1 279655 FAIR MARKET VALUE X 1 1 RETAIL COST X OTHER 57 59876 RETAIL COST 1 0 1 0 SCHEDULE M, PART I, COL (B): NUMBER OF CONTRIBUTIONS OR ITEMS CONTRIBUTED: THE UNIVERSITY REPORTS THE NUMBER OF CONTRIBUTIONS RECEIVED, NOT THE INDIVIDUAL NUMBER OF ITEMS INCLUDED IN THOSE CONTRIBUTIONS. FORM 990, PART I, LINE 1: ORGANIZATION'S SIGNIFICANT ACTIVITIES: COMMITTED TO THE HIGHEST STANDARDS OF ACADEMIC EXCELLENCE AND CHRISTIAN VALUES, WHERE STUDENTS ARE STRENGTHENED FOR LIVES OF PURPOSE, SERVICE, AND LEADERSHIP. THE UNIVERSITY ENROLLS APPROXIMATELY 9,000 STUDENTS IN ITS SIX COLLEGES AND SCHOOLS. SEAVER COLLEGE, THE UNIVERSITY'S UNDERGRADUATE LIBERAL ARTS COLLEGE, THE CARUSO SCHOOL OF LAW, AND THE SCHOOL OF PUBLIC POLICY ARE HEADQUARTERED ON 830 ACRES IN THE SANTA MONICA MOUNTAINS OVERLOOKING THE PACIFIC OCEAN IN MALIBU, CALIFORNIA. THE PEPPERDINE COLLEGE OF HEALTH SCIENCE IS HEADQUARTERED AT THE UNIVERSITY'S CALABASAS, CALIFORNIA CAMPUS. THE GRADUATE SCHOOL OF EDUCATION AND PSYCHOLOGY AND THE PEPPERDINE GRAZIADIO BUSINESS SCHOOL ARE HEADQUARTERED AT THE UNIVERSITY'S WEST LOS ANGELES, CALIFORNIA GRADUATE CAMPUS. FORM 990, PART I, LINE 6: NUMBER OF VOLUNTEERS: THERE ARE A NUMBER OF STUDENTS AND ALUMNI THAT VOLUNTEER THEIR TIME FOR VARIOUS PURPOSES AT THE UNIVERSITY. THESE VOLUNTEERS, HOWEVER, ARE NOT FORMALLY TRACKED BY THE UNIVERSITY. ACCORDINGLY, THE NUMBER OF VOLUNTEERS REPRESENTS THE NUMBER OF VOLUNTEER REGENTS ON THE BOARD OF REGENTS AS OF THE END OF THE TAX YEAR. FORM 990, PART III, LINE 1: ORGANIZATION'S MISSION: THE UNIVERSITY ENROLLS APPROXIMATELY 9,000 STUDENTS IN ITS SIX COLLEGES AND SCHOOLS. SEAVER COLLEGE, THE UNIVERSITY'S UNDERGRADUATE LIBERAL ARTS COLLEGE, THE CARUSO SCHOOL OF LAW, AND THE SCHOOL OF PUBLIC POLICY ARE HEADQUARTERED ON 830 ACRES IN THE SANTA MONICA MOUNTAINS OVERLOOKING THE PACIFIC OCEAN IN MALIBU, CALIFORNIA. THE PEPPERDINE COLLEGE OF HEALTH SCIENCE IS HEADQUARTERED AT THE UNIVERSITY'S CALABASAS, CALIFORNIA CAMPUS. THE GRADUATE SCHOOL OF EDUCATION AND PSYCHOLOGY AND THE PEPPERDINE GRAZIADIO BUSINESS SCHOOL ARE HEADQUARTERED AT THE UNIVERSITY'S WEST LOS ANGELES, CALIFORNIA GRADUATE CAMPUS. FORM 990, PART V, LINE 2A: NUMBER OF EMPLOYEES: THE NUMBER OF EMPLOYEES INCLUDES STUDENT WORKERS. FORM 990, PART VI, SECTION A, LINE 1A GOVERNING BODY VOTING MEMBERS: THE BOARD OF REGENTS OF PEPPERDINE UNIVERSITY HAS AN EXECUTIVE COMMITTEE, WHICH MAY ACT FOR AND IN PLACE OF THE BOARD OF REGENTS BETWEEN REGULAR BOARD MEETINGS. ONLY REGENTS CAN BE MEMBERS OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE HAS THE POWER TO TRANSACT BUSINESS ON BEHALF OF THE BOARD OF REGENTS, SUBJECT TO ANY LIMITATIONS IMPOSED BY THE BOARD OF REGENTS, THE BYLAWS, OR APPLICABLE LAW. FORM 990, PART VI, SECTION A, LINE 2 FAMILY RELATIONSHIP SHARON BEARD AND ALAN BEARD HAVE A FAMILY RELATIONSHIP. ALAN BEARD RESIGNED AS A TRUSTEE ON 5/22/2025. SHARON BEARD BECAME INTERIM VP FOR STUDENT AFFAIRS ON 7/01/2025. FORM 990, PART VI, SECTION B, LINE 11B PROCESS TO REVIEW FORM 990: INFORMATION IS SUPPLIED BY THE UNIVERSITY TO THE PAID PREPARER TO PREPARE THE RETURN. A DRAFT VERSION OF THE FORM 990 IS PROVIDED TO SENIOR MANAGEMENT AND THE AUDIT COMMITTEE OF THE BOARD OF REGENTS FOR REVIEW. CHANGES AND COMMENTS ARE SUBMITTED TO MANAGEMENT, AND ANY NECESSARY CHANGES ARE MADE PRIOR TO THE FINAL REVIEW AND SIGNING OF THE TAX RETURN. A FULL COPY OF THE FORM 990 IS MADE AVAILABLE TO THE BOARD OF REGENTS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY ENFORCEMENT: EACH REGENT, OFFICER, AND KEY EMPLOYEE IS REQUIRED TO ANNUALLY DISCLOSE, IN WRITING, ANY FINANCIAL OR BUSINESS RELATIONSHIPS THAT HE OR SHE, OR ANY FAMILY MEMBER, HAS WITH PEPPERDINE UNIVERSITY. THE REGENT DISCLOSURES ARE REVIEWED BY THE GOVERNANCE COMMITTEE AND THE BOARD CHAIR. ALL DISCLOSURES BY SENIOR ADMINISTRATION ARE REVIEWED BY THE AUDIT COMMITTEE. SENIOR ADMINISTRATION INCLUDES THE PRESIDENT, THE CHANCELLOR, THE VICE CHANCELLORS, ALL PROVOSTS, ALL VICE PRESIDENTS, THE GENERAL COUNSEL, THE CHIEF FINANCIAL OFFICER, AND THE CONTROLLER. ALL OTHER EMPLOYEE DISCLOSURES ARE REVIEWED BY GENERAL COUNSEL, THE SENIOR EXECUTIVE VICE PRESIDENT, AND THE PRESIDENT. ALL CONFLICT SITUATIONS ARE RESOLVED DURING THE REVIEW PROCESS IN ACCORDANCE WITH THE UNIVERSITY'S CONFLICT OF INTEREST POLICY. IF AN ACTUAL CONFLICT IS FOUND FOR A REGENT, THE REGENT IS ASKED TO RECUSE HIM OR HERSELF FROM THE MATTER. RESOLUTION OF CONFLICTS FOR SENIOR ADMINISTRATORS AND OTHER EMPLOYEES ARE OVERSEEN BY GENERAL COUNSEL. FORM 990, PART VI, SECTION B, LINE 15 PRESIDENT & CEO COMPENSATION: THE AUDIT AND GOVERNANCE COMMITTEE OF PEPPERDINE UNIVERSITY'S BOARD OF REGENTS REVIEWS THE TOTAL COMPENSATION FOR THE PRESIDENT AND CHIEF EXECUTIVE OFFICER ON AN ANNUAL BASIS. THE INDIVIDUALS ON THE AUDIT AND GOVERNANCE COMMITTEE THAT CONDUCT THIS REVIEW ARE INDEPENDENT WITH RESPECT TO COMPENSATION DETERMINATIONS. THIS REVIEW INCLUDES CONSIDERATION OF A BENCHMARKING REPORT PROVIDED ANNUALLY BY THE UNIVERSITY'S GENERAL COUNSEL AND HUMAN RESOURCES DEPARTMENT. IN ADDITION TO THE ANNUAL BENCHMARKING REPORT, THE UNIVERSITY REGULARLY REVIEWS BENCHMARKING PRACTICES BY UNDERGOING AN EVALUATION WITH A THIRD PARTY. THE UNIVERSITY'S MOST RECENT EXECUTIVE COMPENSATION ANALYSIS CONDUCTED BY AN EXTERNAL CONSULTANT WAS COMPLETED ON SEPTEMBER 8, 2025 TO ASSESS FY25 COMPENSATION AND GUIDE FY26 COMPENSATION TARGETS. THE ANALYSIS INCLUDED A PEER GROUP EVALUATION FOR TOTAL COMPENSATION, AS WELL AS A REVIEW OF ANNUAL MERIT INCREASES. ANY DELIBERATIONS FROM THE AUDIT AND GOVERNANCE COMMITTEE ARE REFLECTED IN A TRANSACTION REPORT THAT SUMMARIZES DECISIONS AND RECOMMENDATIONS. OTHER OFFICER & KEY EMPLOYEE COMPENSATION: THE AUDIT AND GOVERNANCE COMMITTEE OF PEPPERDINE UNIVERSITY'S BOARD OF REGENTS REVIEWS THE TOTAL COMPENSATION FOR SELECT SENIOR ADMINISTRATORS, ON AN ANNUAL BASIS. THE INDIVIDUALS ON THE AUDIT AND GOVERNANCE COMMITTEE THAT CONDUCT THIS REVIEW ARE INDEPENDENT WITH RESPECT TO COMPENSATION DETERMINATIONS. THIS REVIEW INCLUDES CONSIDERATION OF A BENCHMARKING REPORT PROVIDED ANNUALLY BY THE UNIVERSITY'S GENERAL COUNSEL AND HUMAN RESOURCES DEPARTMENT. IN ADDITION TO THE ANNUAL BENCHMARKING REPORT, THE UNIVERSITY REGULARLY REVIEWS BENCHMARKING PRACTICES BY UNDERGOING AN EVALUATION WITH A THIRD PARTY. THE UNIVERSITY'S MOST RECENT EXECUTIVE COMPENSATION ANALYSIS CONDUCTED BY AN EXTERNAL CONSULTANT WAS COMPLETED ON SEPTEMBER 8, 2025 TO ASSESS FY25 COMPENSATION AND GUIDE FY26 COMPENSATION TARGETS. THE ANALYSIS INCLUDED A PEER GROUP EVALUATION FOR TOTAL COMPENSATION, AS WELL AS A REVIEW OF ANNUAL MERIT INCREASES. ANY DELIBERATIONS FROM THE GOVERNANCE COMMITTEE ARE REFLECTED IN A TRANSACTION REPORT THAT SUMMARIZES DECISIONS AND RECOMMENDATIONS. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS AVAILABLE FOR PUBLIC INSPECTION: PEPPERDINE UNIVERSITY'S FINANCIAL STATEMENTS ARE MADE AVAILABLE VIA THE UNIVERSITY'S WEBSITE. THE UNIVERSITY DOES NOT MAKE ITS CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: ACTUARIAL ADJUSTMENT OF TRUST OBLIGATIONS -1,892,492. LOSS ON VALUATION OF BENEFICIAL INTEREST -1,641,851. ANNUITY FUNDS TRANSFERRED FROM RELATED ORGANIZATION 12,515,802. 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