2021-05-13T18:46:13-05:00 2020-06-30 910189318 MOSS ADAMS LLP 10960 WILSHIRE BLVD SUITE 1100 LOS ANGELES CA 90024 990 2019-07-01 951246140 SOUTHWESTERN LAW SCHOOL SOUT 2137386700 3050 WILSHIRE BOULEVARD LOS ANGELES CA 90010 LINDA ROSS CFO 2137386700 2021-05-11 1 LAUREN A HAVERLOCK P00545829 3104770450 2021-05-11 2019 2022-09-23 18:48:47Z LINDA ROSS 3050 WILSHIRE BOULEVARD LOS ANGELES CA 90010 59440373 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. 20 20 548 21 0 0 2660488 3803380 40274945 47716083 2898188 2007897 1901885 1165272 47735506 54692632 9425807 12530448 0 0 20780753 22214231 2500 0 470682 13990803 15454869 44199863 50199548 3535643 4493084 118618174 126801745 37427161 31608810 81191013 95192935 X THE MISSION OF SOUTHWESTERN LAW SCHOOL IS TO PRODUCE HIGHLY SKILLED GRADUATES WHO BECOME LEADERS AND LAWYERS IN LOS ANGELES AND BEYOND. THROUGH EXCELLENT FACULTY COMMITTED TO PROMOTING THE HIGHEST LEVEL OF PROFESSIONALISM. SOUTHWESTERN LAW SCHOOL SEEKS TO CREATE A VIBRANT DIVERSE ACADEMIC COMMUNITY WITH A STUDENT-CENTERED APPROACH TO LEGAL EDUCATION. 0 0 37434045 12530448 47716083 THE LAW SCHOOL ACCOMMODATES A WIDE RANGE OF STUDENTS, AND SEEKS TO MAKE A COMPREHENSIVE LEGAL EDUCATION ACCESSIBLE TO ALL QUALIFIED APPLICANTS AND TO CONTRIBUTE TO DIVERSITY IN THE LEGAL PROFESSION. THE LAW SCHOOL DOES THIS IN PART BY OFFERING FIVE COURSES OF STUDY LEADING TO THE JURIS DOCTOR DEGREE: (1) A THREE-YEAR, FULL-TIME TRADITIONAL DAY PROGRAM; (2) A FOUR-YEAR, PART-TIME EVENING PROGRAM; (3) A FOUR-YEAR, PART-TIME DAY PROGRAM; (4) A FOUR YEAR,PART-TIME DAY PROGRAM FOR STUDENTS WITH CHILD-CARE OR ELDER-CARE RESPONSIBILITIES; AND (5) A TWO-YEAR, ACCELERATED FULL-TIME DAY PROGRAM. THE LAW SCHOOL ALSO OFFERS COURSES OF STUDY LEADING TO EITHER A MASTERS IN GENERAL LAW OR MASTERS OF LAW IN ENTERTAINMENT & MEDIA LAW. ADDITIONALLY, THE LAW SCHOOL SPONSORS A FOREIGN SUMMER LAW PROGRAM IN ENGLAND; OFFERS A CONCURRENT JD/MBA WITH THE DRUCKER GRADUATE SCHOOL OF MANAGEMENT OF CLAREMONT GRADUATE UNIVERSITY, AND OFFERS A CERTIFICATE IN BIOSCIENCE INDUSTRY LAW AND PRACTICE WITH THE KECK GRADUATE INSTITUTE OF THE CLAREMONT COLLEGES. ADDITIONALLY, THE LAW SCHOOL OFFERS STUDENTS WORKING ON THEIR JURIS DOCTOR DEGREES THE OPPORTUNITY TO SPECIALIZE IN ONE OF FIVE LEGAL FIELDS: (1) ENTERTAINMENT AND MEDIA LAW; (2) CIVIL LITIGATION AND ADVOCACY, UNDER THE PANISH CIVIL JUSTICE PROGRAM; (3) CRIMINAL LAW AND ADVOCACY; (4) PUBLIC INTEREST LAW; AND (5) TECHNOLOGY LAW AND ENTREPRENEURSHIP. 37434045 1 1 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1188 0 1 548 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X LINDA ROSS 2137386818 3050 WILSHIRE BLVD LOS ANGELES CA 90010 SUSAN PRAGER PRESIDENT / DEAN 40.00 X 387257 0 28055 MICHAEL CARTER EVP CAO 40.00 X 289701 0 26596 CATHERINE L CARPENTER FACULTY 40.00 X 218719 0 49184 BYRON G STIER FACULTY 40.00 X 196593 0 55968 NORMAN GARLAND FACULTY 40.00 X 201032 0 50453 CHRISTOPHER D CAMERON FACULTY 40.00 X 201584 0 47640 JOHN TEHRANIAN FACULTY 40.00 X 203978 0 43805 LINDA ROSS CFO 40.00 X 184542 0 22673 JANIS YOKOYAMA CORPORATE SECRETARY 40.00 X 145067 0 14953 KAREN A HENRY BOARD MEMBER 1.00 X 1000 0 0 JULIE K XANDERS VICE CHAIR BOARD OF TRUSTEES 1.00 X X 0 0 0 PATRICK BAGHDASERIANS PRESIDENT, SW ALUMNI 1.00 X 0 0 0 KEVIN BURKE BOARD MEMBER 1.00 X 0 0 0 STEVEN P BYRNE BOARD MEMBER 1.00 X 0 0 0 MICHAEL E CAHILL BOARD MEMBER 1.00 X 0 0 0 THOMAS L DRISCOLL BOARD MEMBER 1.00 X 0 0 0 PETER DUCHESNEAU BOARD MEMBER 1.00 X 0 0 0 JOHN M GERRO BOARD MEMBER 1.00 X 0 0 0 HON J GARY HASTINGS BOARD MEMBER 1.00 X 0 0 0 CHARLES P FAIRCHILD CHAIR OF THE BOARD OF TRUSTEES 1.00 X X 0 0 0 THOMAS H HOBERMAN BOARD MEMBER 1.00 X 0 0 0 MARIA MEHRANIAN BOARD MEMBER 1.00 X 0 0 0 HON ROBERT H PHILIBOSIAN BOARD MEMBER 1.00 X 0 0 0 CHERIE S RAIDY BOARD MEMBER 1.00 X 0 0 0 MEE H SEMCKEN BOARD MEMBER 1.00 X 0 0 0 CARLOS SIDERMAN BOARD MEMBER 1.00 X 0 0 0 GEORGE WOOLVERTON BOARD MEMBER 1.00 X 0 0 0 WALTER M YOKA BOARD MEMBER 1.00 X 0 0 0 MICHAEL J DOWNER THRU 0420 CHAIR OF THE BOARD OF TRUSTEES 1.00 X X 0 0 0 LAUREN B LEICHTMAN VICE CHAIR BOARD OF TRUSTEES 1.00 X X 0 0 0 DENNIS P R CODON BOARD MEMBER (THRU 05/2020) 1.00 X 0 0 0 2029473 0 339327 73 0 1 0 US SECURITY ASSOCIATES INC PO BOX 31001-2374 PASADENA CA 911102374 SECURITY SERVICES 824322 COMMUNITY COUNSELING SERVICE CO LLC 527 MADISON AVENUE 5TH FLOOR NEW YORK NY 10022 FUNDRAISING CONSULTING SERVICES 214101 KOHL BUILDING MAINTENANCE 9538 TOPANGA CANYON BLVD CHATWORTH CA 91311 JANITORIAL SERVICES 120660 3 7825 473005 3322550 34420 3803380 STUDENT TUITION AND FEES 611310 44980271 44980271 STUDENT HOUSING 611710 2596966 2596966 INTEREST EARNED ON STUDENT LOANS 611710 102771 102771 SALES AND SERVICES OF EDUCATION D 611710 36075 36075 47716083 1868188 1868188 11 11 1405045 897688 507357 507357 507357 3079803 885407 3074077 751435 5726 133972 139698 139698 16300 7825 24541 -8241 -8241 STUDENT CONVENIENCE (ETC. PARKING 812930 394544 394544 CONFERENCE REVENUE 611710 56115 56115 215497 215497 666156 54692632 47716083 0 3173169 12530448 12530448 1123443 1037005 86438 217916 217916 16632931 13200295 3174961 257675 1240376 994673 222511 23192 1656012 1232153 391224 32635 1343553 1010914 315337 17302 438469 438469 211153 24 211129 112177 112177 60332 60332 1254727 601673 632493 20561 313041 159439 153602 1062151 276261 783124 2766 864765 17785 846980 2824296 1587705 1236591 513079 494664 18124 291 548217 397381 121014 29822 1362216 1308830 53386 2662070 1828114 833956 268195 156335 111860 LEASE ADJUSTMENT 1925975 1925975 LIBRARY BOOKS AND COURS 876215 876215 BOND AMORTIZATION EXPEN 40399 34346 6053 ORIENTATION AND GRADUAT 18365 18365 99027 52040 46987 50199548 37434045 12294821 470682 1419228 1700174 31071746 35605214 42071 501071 387610 763819 326876 580302 111210006 59345156 47376476 51864850 32089165 30776415 5647441 4856969 257561 152931 118618174 126801745 5659367 5485098 1746674 1838316 22707256 21621969 7313864 2663427 37427161 31608810 X 60214098 71652209 20976915 23540726 81191013 95192935 118618174 126801745 4493084 182484 9326354 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19064889 854753 1084692 633540 1014909 19355885 18051158 835787 747534 569590 19064889 16763332 605274 1222472 539920 18051158 14436415 555656 2275361 504100 16763332 14437591 596183 -153729 443630 14436415 0.54000 0.46000 0 0 8770451 5349610 14120061 4683607 75908111 46690730 33900988 75392 7303294 4990004 2388682 505109 8614432 7664422 1455119 51864850 INVESTMENTS - PROGRAM RELATED 4856969 F 4856969 OTHER ASSETS 152931 152931 ADVANCES FOR STUDENT LOANS (PERKINS) 2663427 2663427 X 43022185 182484 -11658627 -11476143 54498328 60332 133972 194304 54692632 38480589 0 38480589 60332 11658627 11718959 50199548 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. PART X, LINE 2: LIABILITY FOR UNCERTAIN TAX POSITIONS (ASC 740) THE LAW SCHOOL FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. THE LAW SCHOOL IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE LAW SCHOOL HAS ALSO BEEN RECOGNIZED BY THE CALIFORNIA FRANCHISE TAX BOARD AS EXEMPT FROM CALIFORNIA FRANCHISE AND INCOME TAXES UNDER SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE. THE LAW SCHOOL HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX- EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, THE LAW SCHOOL HAD NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2020 AND 2019. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID -11,658,627. PART XI, LINE 4B - OTHER ADJUSTMENTS: TAX GAIN ON DISPOSAL OF NON-SCHOOL BUILDING 133,972. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID 11,658,627. 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 NON-DISCRIMINATION POLICY IS PUBLISHED ON THE SCHOOL'S INTERNET HOMEPAGE HTTPS://WWW.SWLAW.EDU/ SCHEDULE E, PART I, LINE 6 THE LAW SCHOOL RECEIVES FUNDING FOR THE FEDERAL WORK-STUDY PROGRAM. THE SCHOOL ALSO PARTICIPATED IN THE FEDERAL PERKINS REVOLVING LOAN PROGRAM. BOTH THE FEDERAL WORK-STUDY PROGRAM AND THE FEDERAL PERKINS REVOLVING LOAN PROGRAM PROVIDE FINANCIAL ASSISTANCE TO SOUTHWESTERN LAW STUDENTS. EUROPE (INCLUDING ICELAND AND GREENLAND) 0 6 PROGRAM SERVICES EDUCATION CONDUCTED 273866 0 6 0 0 0 6 273866 0 273866 0 0 0 0 0 0 PART III ACCOUNTING METHOD: BIEDERMAN GALA 24125 7825 16300 500 20438 2509 1094 24125 7825 16300 500 20438 2509 1094 24541 -8241 1 SCHOLARSHIP AWARDS 492 11849522 FEDERAL WORK-STUDY 234 509126 FACULTY RESEARCH GRANT 19 152000 CARES ACT FUNDING - HEERF I 99 19800 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, AND AMOUNTS OF, SCHOLARSHIPS VARY. THE DETERMINATION OF AWARDS IS GENERALLY BASED ON FINANCIAL NEED AND SCHOLASTIC ACHIEVEMENT,AS WELL AS THE AMOUNT OF FUNDS AVAILABLE. THE SCHOLARSHIP MONEY GETS CREDITED TO THE STUDENTS ACCOUNT AND, UNLESS THE TERMS OF THE SCHOLARSHIP DIRECT OTHERWISE, IS USED FOR TUITION. SCHEDULE I, PART III, LINE 2 FEDERAL WORK-STUDY GRANTS ARE AWARDED TO ASSIST STUDENTS IN MEETING THEIR EDUCATIONAL EXPENSES THROUGH PART TIME EMPLOYMENT, AND TO ENCOURAGE THEM TO PARTICIPATE IN COMMUNITY SERVICE ACTIVITIES. ONCE FUNDS HAVE BEEN APPROVED BY THE FINANCIAL AID OFFICE, THE STUDENT MUST SECURE A POSITION THROUGH AN ELIGIBLE EMPLOYER. SCHEDULE I, PART III, LINE 3 SUMMER FACULTY RESEARCH GRANTS ARE AWARDED FOR FACULTY RESEARCH AND WRITING IN ACCORD WITH WRITTEN POLICIES, BASED ON ANNUAL WRITTEN APPLICATIONS FROM FULL-TIME MEMBERS OF THE FACULTY. THE APPLICANT'S RECORD OF COMPLIANCE WITH THE TERMS OF PREVIOUS STIPEND AWARDS, ASSESSMENT OF THE PRIOR AND PROPOSED RESEARCH AND AVAILABLE FUNDS ARE ALL CONSIDERED. THE DEAN AND THE DEAN OF RESEARCH MAKE RECOMMENDATIONS TO THE TRUSTEE COMMITTEE ON EDUCATIONAL POLICY, WHICH MAKES ITS RECOMMENDATION TO THE BOARD OF TRUSTEES. X X X X 0 0 0 0 0 0 0 0 0 SUSAN PRAGER PRESIDENT / DEAN 363500 0 0 0 23757 0 25200 0 2855 0 415312 0 0 0 MICHAEL CARTER EVP CAO 289701 0 0 0 0 0 25200 0 1396 0 316297 0 0 0 CATHERINE L CARPENTER FACULTY 202719 0 0 0 16000 0 20663 0 28521 0 267903 0 0 0 BYRON G STIER FACULTY 185593 0 0 0 11000 0 18983 0 36985 0 252561 0 0 0 NORMAN GARLAND FACULTY 201032 0 0 0 0 0 19310 0 31143 0 251485 0 0 0 CHRISTOPHER D CAMERON FACULTY 196584 0 0 0 5000 0 19121 0 28519 0 249224 0 0 0 JOHN TEHRANIAN FACULTY 203978 0 0 0 0 0 18990 0 24815 0 247783 0 0 0 LINDA ROSS CFO 184542 0 0 0 0 0 9655 0 13018 0 207215 0 0 0 JANIS YOKOYAMA CORPORATE SECRETARY 145067 0 0 0 0 0 13164 0 1789 0 160020 0 0 0 A CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130175A77 2003-05-29 12283629 TO REFUND THE AUTHORITY'S SERIES 0 0 0 B CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201563466 13048TMA8 2011-10-27 20839207 TO FINANCE A STUDENT HOUSING FACILITY 0 0 0 A 7985000 12628218 228389 12399828 2003 0 1 1 1 B 1750000 20839207 1609750 2282631 416770 16530056 2013 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 11/19/2018 ISSUER NAME: CALIFORNIA MUNICIPAL FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 09/19/2016 DENNIS YOKOYAMA FAMILY MEMBER OF JANIS YOKOYAMA 217916 EMPLOYMENT COMPENSATION 0 X 2 34420 0 1 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY AN INDEPENDENT AUDIT FIRM. SOUTHWESTERN LAW SCHOOL PREPARES THE 990 ORGANIZER. THE 990 IS REVIEWED BY THE DEAN, THEN BY THE FINANCE AND AUDIT COMMITTEES OF THE BOARD OF TRUSTEES AND SENT TO ALL THE MEMBERS OF THE BOARD OF TRUSTEES BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C A QUESTIONNAIRE IS SENT TO BOARD OF TRUSTEES MEMBERS AND ALL OFFICERS 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. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION COMMITTEE MEETS TO DETERMINE THE COMPENSATION PACKAGE FOR SOUTHWESTERN'S PRESIDENT/DEAN. FORM 990'S OF OTHER ORGANIZATIONS AS WELL AS COMPENSATION SURVEYS ARE USED TO DETERMINE THE PRESIDENT/DEAN'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. THE PROCESS IS UNDERTAKEN PRIOR TO SALARY ADJUSTMENTS FOR OUR PRESIDENT/DEAN. FORM 990, PART VI, SECTION C, LINE 18 THESE DOCUMENTS ARE MADE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE MADE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 8: EFFECTIVE JULY 1, 2019, THE LAW SCHOOL CHANGED ITS METHOD OF ACCOUNTING FOR REAL ESTATE INVESTMENTS TO BE MEASURED AT FAIR VALUE. IN ALL PRIOR YEARS, REAL ESTATE INVESTMENTS WERE MEASURED AT CARRYING VALUE WITH AN ALLOWANCE FOR DEPRECIATION ON BUILDINGS AND OTHER COMPONENTS DETERMINED TO BE WASTING ASSETS. THE NEW METHOD OF ACCOUNTING WAS ADOPTED BECAUSE THE LAW SCHOOL BELIEVES FAIR VALUE PROVIDES A MORE MEANINGFUL PRESENTATION OF ITS FINANCIAL POSITION. COMPARATIVE FINANCIAL STATEMENTS OF PRIOR YEARS HAVE BEEN ADJUSTED TO APPLY THE NEW METHOD RETROSPECTIVELY.