2019-04-19T14:33:01-05:00 2018-06-30 221478099 COHNREZNICK LLP 1301 AVENUE OF THE AMERICAS NEW YORK NY 10019 990 2017-07-01 132998164 LAW SCHOOL ADMISSION COUNCIL C/O MARJORIE LARUE BRITT LAWS 2159681298 662 PENN STREET NEWTOWN PA 18940 MARJORIE LARUE BRITT CFO 2159681298 2019-04-17 1 LORI ROTHE YOKOBOSKY CPA P01273422 2122970400 2019-04-17 209.59.242.22 2019-04-17 12:12:45 ED P 7B88A06B0E5865287E084A37DA298C30A961139C 238159564A7F207AC3E2D33505B4833284B8AC6F 2017 2020-01-14 16:20:31Z KELLYE Y TESTY 662 PENN STREET NEWTOWN PA 18940 92615809 0 X WWW.LSAC.ORG X 1979 PA LSAC WAS FORMED TO CONSTRUCT, ADMINISTER & REPORT SCORES FOR ADMISSION TO LAW SCHOOLS, CONDUCT EDUCATIONAL RESEARCH, AND PROVIDE SERVICES TO LAW SCHOOLS & EDUCATIONAL COMMUNITY. 21 20 336 150 28552 0 0 0 53811684 60528242 7236827 6012425 7450644 7742543 68499155 74283210 938758 1980828 0 0 36374683 38658582 0 0 0 26530029 32167926 63843470 72807336 4655685 1475874 257273941 275926318 29063653 32186035 228210288 243740283 X THE LAW SCHOOL ADMISSION COUNCIL WILL BE A GLOBAL LEADER IN PROMOTING INNOVATIVE ASSESSMENTS, ADMINISTRATIVE SERVICES FOR LAW SCHOOLS AND STUDENTS, EDUCATIONAL PROGRAMS, DIVERSITY INITIATIVES AND OTHER ACTIVITIES. 0 0 44484910 87362 60380152 ADMINISTERED 156,339 LAW SCHOOL ADMISSION TESTS (LSAT). PROVIDED THE LAW SCHOOL CREDENTIAL ASSEMBLY SERVICE (CAS) FOR 58,290 CANDIDATES. PREPARED AND SENT 408,601 REPORTS TO LAW SCHOOLS ON BEHALD OF CANDIDATES, CONDUCTED EDUCATIONAL RESEARCH FOR THE LEGAL COMMUNITY. 5607009 148090 HELD 11 NATIONAL LAW SCHOOL FORUMS TO ACQUAINT STUDENTS WITH THEIR LEGAL EDUCATION ALTERNATIVES. HELD VARIOUS TRAINING AND EDUCATION PROGRAMS FOR MEMBER LAW SCHOOL ADMISSION PROFESSIONALS. 4137397 1445372 CONDUCTED PROGRAM AND RESEARCH IN ADVANCEMENT OF UNDERREPRESENTED INDIVIDUALS IN LEGAL EDUCATION. 3257969 448094 7584656 SALES OF VARIOUS PUBLICATIONS. 3257969 448094 7584656 57487285 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1246 0 1 336 1 1 1 0 0 0 0 0 0 0 0 0 X 21 20 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X MARJORIE LARUE BRITT 2159681298 662 PENN STREET NEWTOWN PA 18940 BAYREX MARTI TRUSTEE 1.50 X 0 0 0 CHRIS GUTHRIE TRUSTEE 1.50 X 0 0 0 CHRISTINA B WHITMAN CURRENT BOARD CHAIR 1.50 X 1212 0 0 DOUGLAS A BLAZE TRUSTEE 1.50 X 0 0 0 ELENA MARTY-NELSON TRUSTEE 1.50 X 0 0 0 GISELE A JOACHIM TRUSTEE 1.50 X 1009 0 0 GREGORY BOWMAN FINANCE & LEGAL AFFAIRS CHAIR 1.50 X 0 0 0 IAIN L E DAVIS TRUSTEE 1.50 X 0 0 0 JOHN VALERY WHITE AUDIT COMMITTEE CHAIR 1.50 X 0 0 0 KELLYE Y TESTY PRESIDENT AND CEO 37.50 X X 315829 0 38701 KEVIN K WASHBURN TRUSTEE 1.50 X 0 0 0 MICHAEL J STATES TRUSTEE 1.50 X 0 0 0 MICHELLE PILUTTI TEST DEVELOPMENT & RESEARCH CHAIR 1.50 X 0 0 0 R LAWRENCE DESSEM INVESTMENT COMMITTEE CHAIR 1.50 X 1780 0 0 REBECCA L SCHELLER SERVICES & PROGRAMS CHAIR 1.50 X 1774 0 0 ROBERT SCHWARTZ TRUSTEE 1.50 X 0 0 0 SHANI J P BUTTS TRUSTEE 1.50 X 0 0 0 SONDRA R TENNESSEE DIVERSITY COMMITTEE CHAIR 1.50 X 643 0 0 STACY L LEEDS TRUSTEE 1.50 X 0 0 0 SUSAN L KRINSKY PAST CHAIR OF BOARD 1.50 X 0 0 0 TRACY L SIMMONS TRUSTEE 1.50 X 0 0 0 MARJORIE LARUE BRITT CFO 37.50 X 310409 0 31587 BRUCE M BACHMAN OUTGOING VP INFORMATION SERVICES, CIO 37.50 X 558312 0 40617 JOAN VAN TOL OUTGOING GENERAL COUNSEL 37.50 X 320423 0 46142 KENT LOLLIS DIRECTOR OF DIVERSITY INITIATIVES 37.50 X 253082 0 34790 PETER J PASHLEY DIRECTOR TESTING & RESEARCH 37.50 X 312474 0 24402 TROY LOWRY DIRECTOR OF SOFTWARE SERVICES 37.50 X 258037 0 52217 2334984 0 268456 84 0 1 0 NORTON ROSE FULBRIGHT US LLP 799 9TH STREET NW STE 1000 WASHINGTON DC 20001 LEGAL 705692 PERKINS COIE LLP 1201 THIRD AVE SEATTLE WA 98101 LEGAL 556237 KIVVIT 222W MERCHMART PLZ CHICAGO IL 60654 CONSULTING 311811 KING INTERESTS 247 NASSAU STREET PRINCETON NJ 08542 CONSULTING 120893 4 ADMISSION FEES : LSAT 611710 31047793 31047793 ADMISSION FEES : CAS 611710 25099698 25099698 FOREIGN LLM 611710 2316555 2316555 MPRE TEST ADMINISTRATION 611710 1883711 1883711 FORUM AND WORKSHOP FEES 611710 148090 148090 32395 32395 60528242 760607 24064 736543 377378 219491 157887 157887 157887 23078428 17824836 1774 5253592 -1774 5251818 4488 5247330 2489398 286498 2202900 2202900 LISCENSING FEES 611710 4375072 4375072 APPLICATION PROCESSING FEES 611710 1006684 1006684 5381756 74283210 68112898 28552 6141760 1902866 1902866 77962 77962 1024633 805363 219270 26226466 20614026 5612440 2294524 1803498 491026 7163898 5630830 1533068 1949061 1531964 417097 1740824 1740824 138230 138230 465976 465976 4971926 3907938 1063988 454333 357106 97227 3150755 2476496 674259 1625150 1277369 347781 714397 561517 152880 4815261 3784800 1030461 112295 88264 24031 1624 1624 2193909 1724415 469494 362699 362699 TEST ADMINISTRATION 6136181 6136181 FEE WAIVER 3052021 3052021 REPAIRS & MAINTENANCE 1039296 816888 222408 OTHER EXPENSES 751786 590948 160838 441263 346833 94430 72807336 57487285 15320051 0 2288292 17199087 14670584 2771199 3785214 333462 448841 1691900 2882974 60152647 45156256 12806915 14996391 108832955 115750294 113553222 119580875 85201 1522853 257273941 275926318 5923732 6161916 4602468 7054272 225000 18537453 18744847 29063653 32186035 X 228210288 243740283 228210288 243740283 257273941 275926318 X 1475874 12516372 1537749 X X 0 1 X 1 0 X 49353475 48972915 52805009 56618444 63017640 270767483 49353475 48972915 52805009 56618444 63017640 270767483 0 0 0 270767483 1389855 1542831 1180889 921781 1113921 6149277 1389855 1542831 1180889 921781 1113921 6149277 46173 28552 74725 4488802 4651900 4619636 4785155 5381756 23927249 55278305 55167646 58605534 62325380 69541869 300918734 0.89980 0.89370 0.02040 0.02350 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: LISCENSING FEES - 2013 AMOUNT: $ 3,860,080. 2014 AMOUNT: $ 4,095,755. 2015 AMOUNT: $ 4,102,567. 2016 AMOUNT: $ 4,281,961. 2017 AMOUNT: $ 4,375,072. APPLICATION PROCESSING FEES - 2013 AMOUNT: $ 628,722. 2014 AMOUNT: $ 556,145. 2015 AMOUNT: $ 517,069. 2016 AMOUNT: $ 503,194. 2017 AMOUNT: $ 1,006,684. 871218 871218 21387410 12796934 8590476 19962687 17542620 2420067 17931332 14816702 3114630 14996391 HEDGE FUNDS 37344381 F INTERNATIONAL EQUFTY FUNDS 33359741 F US EQUITY FUNDS 20610814 F PRIVATE EQUITY FUNDS 18655240 F FIXED INCOME FUNDS 9610699 F 119580875 ACCRUED POSTRETIREMENT BENEFIT 18744847 18744847 X 85791299 12516372 2043738 14560110 71231189 3052021 3052021 74283210 70261304 505989 505989 69755315 3052021 3052021 72807336 PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT AS OF JUNE 30, 2018 AND 2017, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE THE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION RECOGNIZES ACCRUED INTEREST OR PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS, IF ANY. THERE WERE NO INCOME-TAX RELATED INTEREST OR PENALTIES RECORDED FOR THE YEARS ENDED JUNE 30, 2018 AND 2017. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 505,989. POSTRETIREMENT BENEFITS 1,537,749. PART XI, LINE 4B - OTHER ADJUSTMENTS: FEE WAIVER 3,052,021. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 505,989. PART XII, LINE 4B - OTHER ADJUSTMENTS: FEE WAIVER 3,052,021. 1 NORTH AMERICA 0 0 PROGRAM SERVICES ADMINISTER TEST 682185 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES ADMINISTER TEST 178476 EUROPE 0 0 PROGRAM SERVICES ADMINISTER TEST 118912 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES ADMINISTER TEST 14341 SOUTH ASIA 0 0 PROGRAM SERVICES ADMINISTER TEST 13170 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES ADMINISTER TEST 2729 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES ADMINISTER TEST 2077 RUSSIA AND THE NEWLY INDEPENDENT STATES 0 0 PROGRAM SERVICES ADMINISTER TEST 1349 0 0 0 0 0 0 1013239 0 1013239 EUROPE RESEARCH 37962 CHECK CANADA PROGRAM SERVICE 40000 CHECK 2 1 0 0 0 1 0 SCHEDULE F, PART 1, LINE 2 GRANTS FOR MORE THAN $5,000 ARE INITIALLY REVIEWED BY SPECIAL LSAC SUB-COMMITTEES, IF APPLICABLE AND ARE THEN REFERRED TO THE DESIGNATED LSAC STANDING COMMITTEE - DIVERSITY INITIATIVES, TEST DEVELOPMENT & RESEARCH (TD&R), OR SERVICES & PROGRAMS (S&P). THE COMMITTEES REVIEW AND DISCUSS GRANT REQUESTS AND MAKE RECOMMENDATIONS TO THE LSAC BOARD OF TRUSTEES FOR FINAL APPROVAL. THE LSAC BOARD HAS THE OPPORTUNITY TO DISCUSS THE GRANT REQUESTS FURTHER PRIOR TO THEIR APPROVAL. UPON APPROVAL, A CONTRACT IS DRAWN UP WHICH STATES THE TERMS AND CONDITIONS OF THE GRANT, INCLUDED DELIVERABLES AND PAYMENT SCHEDULES. THE ACTUAL PAYMENTS ARE MADE BASED UPON THE GRANTEE MEETING THE STATED TERMS OF THE CONTRACT. AN INDIVIDUAL AT LSAC IS DESIGNATED TO FOLLOW UP TO ENSURE THAT THE TERMS OF EACH GRANT CONTRACT ARE MET. 1 AMERICAN BAR FOUNDATION 750 N LAKE SHORE DR CHICAGO IL 60611 366110271 501(3) 30160 PROGRAM SERVICE AMERICAN INDIAN LAW CENTER PO BOX 4456 ALBUQUERQUE NM 87196 850250024 501(3) 125000 PROGRAM SERVICE ASSOCIATION OF AMERICAN LAW SCHOOLS 1614 20TH STREET NW WASHINGTON DC 20009 941450490 501(3) 10000 PROGRAM SERVICE CHAPMAN UNIVERSITY ONE UNIVERSITY CA ORANGE CA 92866 951643992 501(3) 100000 PROGRAM SERVICE CLEO 1101 MERCANTILE LANE LARGO MD 20774 454462410 501(3) 250000 PROGRAM SERVICE DISCOVER LAW GRANTS 662 PENN STREET NEWTOWN PA 18940 501(3) 84962 PROGRAM SERVICE DUKE UNIVERSITY 210 SCIENCE DR DURHAM NC 27708 560532129 501(3) 75000 PROGRAM SERVICE FORDHAM UNIVERSITY 441 E FORDHAM RD BRONX NY 10458 131740451 501(3) 49400 RESEARCH LAW AND LEADERSHIP INSTITUTE 1700 LAKE SHORE DR COLUMBUS OH 43204 264709314 501(3) 55250 PROGRAM SERVICE ST JOHN'S UNIV LAW SCHOOL 8000 UTOPIA PKWY QUEENS NY 11439 111630830 501(3) 75000 PROGRAM SERVICE ST LOUIS UNIV LAW SCHOOL 100 N TUCKER BLVD ST LOUIS MO 63013 430654872 501(3) 100000 PROGRAM SERVICE UNIV OF AKRON 150 UNIVERSITY AVE AKRON OH 44325 346575496 501(3) 75000 PROGRAM SERVICE UNIV OF ALABAMA BOX 870382 TUSCALOOSA AL 35487 636063964 501(3) 75000 PROGRAM SERVICE UNIV OF HOUSTON 4604 CALHOUN RD HOUSTON TX 77204 741732551 501(3) 75000 PROGRAM SERVICE UNIV OF MAINE LAW SCHOOL 246 DEERING AVE POTLAND ME 04102 010544448 501(3) 100000 PROGRAM SERVICE UNIV OF WISCONSIN 975 BASCOM MALL MADISON WI 53706 390743975 501(3) 100000 PROGRAM SERVICE UNIVERSITY OF TEXAS 2304 WHITIS AVE AUSTIN TX 78712 746056794 501(3) 75000 PROGRAM SERVICE 17 SCHEDULE I, PART 1, LINE 2 GRANTS FOR MORE THAN $5,000 ARE INITIALLY REVIEWED BY SPECIAL LSAC SUB-COMMITTEES, IF APPLICABLE AND ARE THEN REFERRED TO THE DESIGNATED LSAC STANDING COMMITTEE - DIVERSITY INITIATIVES, TEST DEVELOPMENT & RESEARCH (TD&R), OR SERVICES & PROGRAMS (S&P). THE COMMITTEES REVIEW AND DISCUSS GRANT REQUESTS AND MAKE RECOMMENDATIONS TO THE LSAC BOARD OF TRUSTEES FOR FINAL APPROVAL. THE LSAC BOARD HAS THE OPPORTUNITY TO DISCUSS THE GRANT REQUESTS FURTHER PRIOR TO THEIR APPROVAL. UPON APPROVAL A CONTRACT IS DRAWN UP WHICH STATES THE TERMS AND CONDITIONS OF THE GRANT, INCLUDING DELIVERABLES AND PAYMENT SCHEDULES. THE ACTUAL PAYMENTS ARE MADE BASED UPON THE GRANTEE MEETING THE STATED TERMS OF THE CONTRACT. AN INDIVIDUAL AT LSAC IS DESIGNATED TO FOLLOW UO TO ENSURE THAT THE TERMS OF THE GRANT CONTRACT ARE MET. X X 1 1 X X X X 1 0 0 0 0 0 0 0 0 KELLYE Y TESTY PRESIDENT AND CEO 300171 0 0 0 15658 0 24300 0 14401 0 354530 0 0 0 MARJORIE LARUE BRITT CFO 290382 0 0 0 20027 0 24300 0 7287 0 341996 0 0 0 BRUCE M BACHMAN OUTGOING VP INFORMATION SERVICES, CI 240466 0 0 0 317846 0 24300 0 16317 0 598929 0 0 0 JOAN VAN TOL OUTGOING GENERAL COUNSEL 236895 0 0 0 83528 0 24300 0 21842 0 366565 0 0 0 KENT LOLLIS DIRECTOR OF DIVERSITY INITIATIVES 222083 0 0 0 30999 0 22777 0 12013 0 287872 0 0 0 PETER J PASHLEY DIRECTOR TESTING & RESEARCH 273453 0 0 0 39021 0 24300 0 102 0 336876 0 0 0 TROY LOWRY DIRECTOR OF SOFTWARE SERVICES 251621 0 0 0 6416 0 23223 0 28994 0 310254 0 0 0 PART I, LINE 4A DURING FISCAL YEAR 2018 JOAN VAN TOL AND BRUCE M BACHMAN RECEIVED SEVERANCE PAYMENTS OF $52,110 AND $317,846 RESPECTIVELY. THESE AMOUNTS ARE INCLUDED ON PART II, COLUMN B(III). PART I, LINE A TRAVEL FOR COMPANIONS LSAC WILL PAY FOR THE TRANSPORTATION COSTS OF BOARD MEMBER AND CERTAIN SENIOR STAFF MEMBER'S GUEST TO TWO OF THE FOUR BOARD MEETINGS EACH YEAR. THE BENEFIT IS TREATED AS TAXABLE COMPENSATION IN ACCORDANCE WITH THE CURRENT TAX LAW. PART I, LINE 1A HEALTH OR SOCIAL CLUB DUES LSAC WILL REIMBURSE ALL EMPLOYEES UP TO $50 PER YEAR FOR MEMBERSHIP FEES IN A HEALTH CLUB, WITH PROOF OF ENROLLMENT KELLYE Y TESTY PRESIDENT AND CEO SIGNING BONUS X 250000 225000 0 1 1 225000 FORM 990, PART VI, SECTION A, LINE 6 A SCHOOL OF LAW IS ELIGIBLE FOR MEMBERSHIP IN THE LAW SCHOOL ADMISSION COUNCIL (LSAC) IF IT REQUIRES THAT SUBSTANTIALLY ALL OF ITS APPLICANTS FOR ADMISSION TAKE THE LSAT, AND IS A LAW SCHOOL APPROVED BY THE AMERICAN BAR ASSOCIATION (ABA) OR A MEMBER OF THE ASSOCIATION OF AMERICAN LAW SCHOOLS (AALS), OR IT IS A CANADIAN LAW SCHOOL THAT GRANTS DEGREES THAT ARE RECOGNIZED BY A PROVINCIAL OR TERRITORIAL LAW SOCIETY OR GOVERNMENT AGENCY AS AN APPROVED ACADEMIC CREDENTIAL FOR PERSONS SEEKING ADMISSION TO THE BAR IN ONE OF THE PROVINCES OR TERRITORIES OF CANADA. THE BOARD OF TRUSTEES OF THE COUNCIL MAY AT ITS DISCRETION AND FOLLOWING A PERIOD FOR NOTICE AND COMMENT AMONG THE CURRENT MEMBERS, ADMIT INTO MEMBERSHIP A LAW SCHOOL OUTSIDE OF THE UNITED STATES AND CANADA IF IT REQUIRES THAT SUBSTANTIALLY ALL OF ITS APPLICANTS FOR ADMISSION TAKE THE LSAT, AND IS ACCREDITED BY A GOVERNMENTALLY RECOGNIZED, NATIONAL ACCREDITING AUTHORITY OR ITS DEGREES MEET THE LEGAL EDUCATION REQUIREMENT FOR BAR MEMBERSHIP THROUGHOUT ITS HOME COUNTRY. THERE ARE CURRENTLY 204 US MEMBER LAW SCHOOLS, 17 CANADIAN MEMBER LAW SCHOOLS AND 1 AUSTRALIAN MEMBER LAW SCHOOL. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER LAW SCHOOL HAS ONE VOTE. THE MEMBERS ELECT THE CHAIR OF THE BOARD OF TRUSTEES EVERY OTHER YEAR. FORM 990, PART VI, SECTION A, LINE 7B A MEMBER LAW SCHOOL CAN PROPOSE AN AMENDMENT TO THE BYLAWS AND UPON APPROVAL OF A MAJORITY OF THE MEMBERS THE BYLAWS CAN BE AMENDED. FORM 990, PART VI, SECTION B, LINE 11B LSAC'S FORM 990 IS PREPARED BY THE ORGANIZATION'S INDEPENDENT AUDITORS. AFTER MANAGEMENT REVIEW, A COPY OF THE FORM IS PROVIDED TO BOTH THE LSAC AUDIT COMMITTE AND THE BOARD OF TRUSTEES, PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS LSAC BOARD OF TRUSTEES MEMBERS, COMMITTEE MEMBERS AND VOLUNTEERS ARE PROVIDED A COPY OF THE COUNCIL'S CONFLICT OF INTEREST POLICY, ASKED TO REVIEW, DISCLOSE ANY POTENTIAL CONFLICTS, AND SIGN AN ACKNOWLEDGEMENT FORM THAT IS MAINTAINED BY LSAC'S GENERAL COUNSEL. ON AN ANNUAL BASIS, OFFICERS AND KEY LSAC STAFF MEMBERS ARE PROVIDED A COPY OF THE COUNCIL'S CONFLICT OF INTEREST POLICY AND ARE ASKED TO REVIEW, DISCLOSE ANY POTENTIAL CONFLICTS AND SIGN AN ACKNOWLEDGEMENT FORM THAT IS MAINTAINED BY HUMAN RESOURCES. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION APPOINTS AN EXECUTIVE COMPENSATION COMMITTEE, NORMALLY 3-5 MEMBERS FROM THE BOARD OF TRUSTEES AND NAMED BY THE LSAC CHAIR. THE EXECUTIVE COMPENSATION COMMITTEE ENLISTS THE ASSISTANCE OF AN OUTSIDE FIRM OR SPECIALIST THAT IS ABLE TO PROVIDE COMPARATIVE INFORMATION ABOUT PROCESS AND COMPENSATION ITSELF. AS PART OF THE ANNUAL BUDGET APPROVAL PROCESS, THE LSAC PRESIDENT PRESENTS TO THE BOARD A BUDGET ITEM REGARDING THE PROPOSED COMPENSATION POOL OF STAFF INCREASES OR ADJUSTMENTS. FORM 990, PART VI, SECTION C, LINE 19 LSAC MAKES ITS GOVERNING DOCUMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: POSTRETIREMENT BENEFITS 1,537,749. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR