2017-05-12T13:30:14-07:00 2016-06-30 990 2015-07-01 951246140 SOUTHWESTERN LAW SCHOOL SOUT 2137386818 3050 Wilshire Blvd Los Angeles CA 900101106 Paul J Kalush III Chief Financial Officer 2137385722 2017-05-12 2015 2021-01-29 14:40:06Z Susan Westerberg Prager 3050 Wilshire Blvd Los Angeles CA 900101106 53522976 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. 22 22 641 29 0 0 1615296 1863275 49665451 48233440 1262617 1014996 728431 646482 53271795 51758193 8871055 9533492 0 0 22190209 20945547 0 8227 326351 14382314 14591773 45443578 45079039 7828217 6679154 108698187 112987929 43985648 42719995 64712539 70267934 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 36290402 9533492 48233440 Higher Education: Five JD programs are offered: a three-year, full-time day program; four-year, part-time evening program; four-year, part-time day 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 enrollment of 900-1,000 students. 0 0 0 36290402 1 1 0 0 0 0 0 0 0 1 1 0 1 0 1 1 1 0 1 1 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1531 0 1 641 1 0 0 0 0 0 1 1 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X Paul J Kalush III 2137386818 3050 Wilshire Blvd Los Angeles CA 900101106 Michael J Downer Chair of the Board of Trustees 0.8 0 X X 0 0 0 Wayne Levin Vice Chair of the Board of Trustees 0.8 0 X X 0 0 0 Julie K Xanders Vice Chair of the Board of Trustees 0.8 0 X X 0 0 0 Steven P Byrne Board Member 0.4 0 X 750 0 0 Michael E Cahill Board Member 0.4 0 X 0 0 0 Phyllis Cheng Board Member 0.4 0 X 0 0 0 Dennis PR Codon Board Member 0.4 0 X 0 0 0 Thomas L Driscoll Board Member 0.4 0 X 0 0 0 Peter Duchesneau Board Member 0.4 0 X 0 0 0 Charles Fairchild Board Member 0.4 0 X 0 0 0 Darin J Feinstein Board Member 0.4 0 X 0 0 0 Thomas H Hoberman Chair of the Board - Part Year 0.8 0 X X 0 0 0 Cindy Johnson Board Member 0.4 0 X 0 0 0 Lauren B Leichtman Board Member 0.4 0 X 0 0 0 Hon Ronald SW Lew CYPT Board Member 0.4 0 X 0 0 0 Roger Lowenstein CYPT Board Member 0.4 0 X 0 0 0 Sanford P Paris Board Member 0.4 0 X 0 0 0 Daniel M Petrocelli Board Member 0.4 0 X 0 0 0 Hon Robert H Philibosian Board Member 0.4 0 X 0 0 0 John A Schulman Board Member 0.4 0 X 0 0 0 Larraine Segil Board Member 0.4 0 X 1000 0 0 John Spirtos Board Member 0.4 0 X 0 0 0 Robert G van Schoonenberg Board Member 0.4 0 X 0 0 0 Hon Arleigh M Woods Board Member 0.4 0 X 0 0 0 Anthony Kidd Board Member 0.4 0 X 0 0 0 Susan W Prager Dean/CEO 40 0 X 396963 0 27757 Paul J Kalush III Chief Financial Officer 40 0 X 169371 0 23967 Janis K Yokoyama Corporate Secretary 40 0 X 143090 0 14966 Janice Manis Chief Operating Officer 40 0 X 112199 0 9360 Debra L Bassett Faculty 40 0 X 220790 0 20741 Steven G Krone Faculty 40 0 X 213950 0 3191 John Tehranian Faculty 40 0 X 213675 0 27867 Catherine Carpenter Faculty 40 0 X 211807 0 55742 Christopher D Cameron Faculty 40 0 X 208947 0 41014 1892542 0 224605 69 0 1 0 Kensington Caterers 5556 West Washington Blvd Los Angeles CA 90016 Catering 231992 Barbri Group 9400 North Cental Expressway Suite 613 Dallas TX 752315038 Bar Preparation Services 126548 Grant Thornton LLP 1000 Wilshire Blvd Suite 300 Los Angeles CA 90017 Accounting Services 122450 Jorge Canales 2117 Southside Dr Montebello CA 90640 Building maintenance and repair services 111555 4 0 0 50520 0 523097 1289658 0 1863275 Student Tuition and Fees 611310 45604933 45604933 0 0 Student Housing 611710 2452085 2452085 0 0 Interest Earned on Student Loans 611710 118742 118742 0 0 Sales and Services of Educational Dept 611710 37302 37302 0 0 Federal Workstudy Off-Campus 611710 20378 20378 0 0 0 0 0 0 48233440 1014996 0 0 1014996 0 0 0 0 0 0 0 0 1449373 0 1726710 0 -277337 0 -277337 0 0 -277337 0 0 51495 50520 38073 13422 0 13422 Student Convenience (i.e. Parking) 812930 552370 0 0 552370 Loan Fund Distribution 923110 99052 0 0 99052 Conference Revenue 611710 74648 74648 0 0 184327 0 0 184327 910397 51758193 48308088 0 1586830 0 0 9533492 9533492 0 0 0 0 795727 0 772945 22782 335933 335933 0 0 15845416 13400493 2279177 165746 1163139 977561 170742 14836 1550075 1295733 233242 21100 1255257 1005214 239528 10515 136111 132861 3250 0 156332 961 155371 0 144940 0 144940 0 0 0 0 0 8227 8227 9000 0 9000 0 752341 435333 287850 29158 315584 199263 102460 13861 1323866 375968 944773 3125 400486 51943 348543 0 1821 1821 0 0 3392272 2161766 1230506 0 752038 711431 34683 5924 0 0 0 0 652936 425615 196244 31077 1577198 1471632 105566 0 0 0 0 0 3192020 2139240 1052780 0 238398 138966 99432 0 Library Books and Materials 1271584 1271584 0 0 Orientation and Graduation 107312 107312 0 0 Bond Amortization 43975 36675 7300 0 Bad Debt 43541 43541 0 0 80018 36064 43954 0 45079039 36290402 8462286 326351 725659 1256671 14731297 13826474 2237728 1903886 417167 494142 0 0 0 0 0 0 0 0 1599260 1509488 102753398 51815257 54005939 50938141 24506729 32321815 0 0 10182116 10454170 0 0 292292 283142 108698187 112987929 5002976 5085003 0 0 1737749 2023509 27143607 26219197 0 0 0 0 0 0 0 0 10101316 9392286 43985648 42719995 X 47115426 53186088 5617503 4649766 11979610 12432080 64712539 70267934 108698187 112987929 6679154 -1123759 0 0 0 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14437591 596183 -153729 443630 0 0 14436415 13735968 559911 576822 435110 0 0 14437591 11324682 556617 2195579 340910 0 0 13735968 9638928 359132 1667062 340440 0 0 11324682 9756734 499512 -307848 309470 0 0 9638928 0 1 0 0 0 3072218 5349610 8421828 5570043 75700838 40680877 40590004 0 0 0 0 6800 4056443 3679537 383706 410389 8587057 7454843 1542603 50938141 Student Loans 10454170 C 10454170 0 Advances for Student Loans (Perkins) 8546806 Lease Payable 708983 Deferred Rent - Land 136497 9392286 X 42012088 -1123759 0 0 0 -1123759 43135847 0 8622346 8622346 51758193 36456693 0 0 0 0 0 36456693 0 8622346 8622346 45079039 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. 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, 2010, 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 U.S. 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 2012 through 2016 for federal and 2011through 2016 for California tax years and determined there were no material unrecognized tax benefits. However, the statue 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, 2015, nor are any anticipated in the 12 months following June 30, 2016. 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. Schedule D, Part XI, Line 4b Financial statements include student financial aid of $8,622,346 as a reduction of revenue while the 990 records this amount as an expense. Schedule D, Part XII, Line 4b Financial statements include student financial aid of $8,622,346 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 Schedule E, Part I, Line 3 The non-discrimination policy is published on the internet at http://www.swlaw.edu/about/nondiscrimination/ and in the school catalog. 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) 1 10 Program Services Education conducted through foreign summer program 318446 South America 1 5 Program Services Education conducted through foreign summer program. 45862 Central America and the Caribbean 1 2 Program Services Education conducted through foreign summer program. 11477 3 17 375785 0 0 0 0 0 0 Alumni Awards Gala Reception 77720 42520 35200 0 551 545 28458 0 0 Signing on the Dotted Line: Family Law CLE 24295 8000 16295 0 226 1722 6571 0 0 0 102015 50520 51495 0 777 2267 35029 0 0 38073 13422 1 Scholarship Awards 493 8936584 0 Federal Work-study Grants 272 478828 0 Faculty Research Grants 19 144000 0 Schedule I, Part I, Line 2 Schedule I, Part I Line 2 - and Schedule I Part III, Line 1 - 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. Schedule I Part III, Line 2 - Federal Work-study Grants are awarded to assist student 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 Financial Aid office, the student must secure a position through an eligible employer. Schedule I Part III, Line 3 - Faculty Research Grants are awarded for faculty research 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. Schedule I Part III - Regarding professorships, the Dean makes recommendations to the Board of Trustees of those Professors of Law to be named to Professorships and Endowed Chairs, and the Board acts to bestow the honor of this status, generally for a term of years. Distinction in research and quality teaching are essential. Where donor restrictions on a particular professorship or Chair call for subject matter expertise or other qualifications, those restrictions are taken into account as well. There were no professorships awarded during the current year. X 0 1 X X X X X 0 0 0 0 0 0 0 0 0 Susan W Prager Dean/CEO 363110 0 0 0 33853 0 25256 0 2501 0 424720 0 0 0 Paul J Kalush III Chief Financial Officer 169371 0 0 0 0 0 15300 0 8667 0 193338 0 0 0 Janis K Yokoyama Corporate Secretary 143090 0 0 0 0 0 13005 0 1961 0 158056 0 0 0 Catherine Carpenter Faculty 211807 0 0 0 0 0 20070 0 35672 0 267549 0 0 0 Christopher D Cameron Faculty 188447 0 0 0 20500 0 19215 0 21799 0 249961 0 0 0 John Tehranian Faculty 203675 0 0 0 10000 0 19350 0 8517 0 241542 0 0 0 Debra L Bassett Faculty 210790 0 0 0 10000 0 19890 0 851 0 241531 0 0 0 Steven G Krone Faculty 212450 0 0 0 1500 0 0 0 3191 0 217141 0 0 0 Schedule J, Part I, Line 1a The Dean/CEO received an annual automobile allowance of $6,000 and $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 employment contract which was approved by the law School's Board of Trustees. Schedule J, Part I, Line 1b The Dean/CEO received an annual automobile allowance of $6,000 and $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 employment contract which was approved by the law School's Board of Trustees. Schedule J, Part I, Line 3 The Board of Trustees 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 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. This process takes place annually. A California Educational Facilities Authority 521705592 130175A77 2003-05-29 12283629 To refund the Authority's Series 1994 bonds (Original issue date of 10/01/94). 0 0 0 B California Municipal Finance Authority 201563466 13048TMA8 2011-10-27 20839207 To finance the design and construction of a student housing facility 0 0 0 A 6020000 0 12628218 0 0 0 228389 0 0 0 12399828 0 0 1 1 1 B 650000 0 20839207 1609750 2282631 0 416770 0 0 16530056 0 0 2013 0 0 1 1 A 0 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 Schedule K, Part IV, Line 2c-05/29/2003 12,283,629 California Educational Facilities Authority Arbitrage procedures were performed on October 9, 2008 and based on the findings there were no and will be no rebate liability for these bonds. There was no positive arbitrage earnings created with the refunding proceeds. There were not enough sale proceeds used for issuance costs to generate possible arbitrage during the computation period. The bond fund was a bona fide debt service fund and accordingly the bond fund is not subject to rebate. There was no reserve fund established for the bonds. There were not unexpended proceeds of the refunded bonds that could become transferred proceeds of the bonds. There were no replacement proceeds of the bonds. Due to all of these factors there is no rebate liability for these bonds. Dennis Yokoyama Family Member of Janis Yokoyama 160107 Employment Compensatoin 0 Lisa Gear Family Member of Paul Kalush 104873 Employment Compensation 0 Form 990, Part VI, Section B, Line 11b The 990 is prepared by management and is then reviewed by an independent audit firm. The 990 is then 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 Trustee 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 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 in conjunction with the other salary information listed above to target a responsible compensation package. The Board of Trustees approves the compensation package. This process is undertaken on an annual basis for our Dean/CEO Form 990, Part VI, Section C, Line 19 These documents are not made available to the general public.