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← SOUTHWESTERN LAW SCHOOL

Form 990 for tax year 2022

Filed by SOUTHWESTERN LAW SCHOOL.

Totals

Total revenue
$59,282,187
Total expenses
$60,150,357
Contributions and grants received
$3,258,338
Grants paid
$17,349,390
Program service revenue
$54,130,780
Investment income
$635,847
Other revenue
$1,257,222
Total assets, end of year
$135,760,519
Total liabilities, end of year
$26,745,521
Net assets or fund balances, end of year
$109,014,998
Program services expenses (Part IX)
$44,229,262
Management and general expenses
$15,622,921
Fundraising expenses
$298,174
Program service expenses (Part III)
$44,229,262

Program services were 73.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $90,500

  • 1e · Government grants (contributions)

    $806,826

  • 1f · All other contributions, gifts and grants

    $2,361,012

  • 1g · Noncash contributions included above

    $10,109

  • 2a · Program service revenue: STUDENT TUITION AND FEES

    total $51,131,780 · related or exempt $51,131,780

  • 2b · Program service revenue: STUDENT HOUSING

    total $2,843,411 · related or exempt $2,843,411

  • 2c · Program service revenue: INTEREST EARNED ON STUDENT LOANS

    total $95,498 · related or exempt $95,498

  • 2d · Program service revenue: SALES AND SERVICES OF EDUCATION D

    total $60,091 · related or exempt $60,091

  • 3 · Investment income

    total $754,577 · unrelated business -$6,158 · excluded $760,735

  • 4 · Income from investment of tax-exempt bond proceeds

    total $540 · excluded $540

  • 5 · Royalties

    total $5,693 · excluded $5,693

  • 6a · Gross rents

    real property $1,497,796

  • 6b · Less rental expenses

    real property $874,914

  • 6c · Rental income or loss

    real property $622,882

  • 6d · Net rental income or loss

    total $622,882 · excluded $622,882

  • 7a · Gross sales of assets other than inventory

    securities $33,535,442

  • 7b · Less cost or other basis and sales expenses

    securities $33,654,712

  • 7c · Gain or loss

    securities -$119,270

  • 7d · Net gain or loss

    total -$119,270 · excluded -$119,270

  • 8a · Fundraising events: gross income

    $43,143

  • 8a · Fundraising events: contributions included on line 1c

    $90,500

  • 8b · Fundraising events: direct expenses

    $38,673

  • 8c · Net income from fundraising events

    total $4,470 · excluded $4,470

  • 11a · Other revenue: STUDENT CONVENIENCE (ETC PARKING)

    total $401,996 · excluded $401,996

  • 11b · Other revenue: CONFERENCE REVENUE

    total $85,500 · excluded $85,500

  • 11d · All other revenue

    total $136,681 · excluded $136,681

  • 11e · Other revenue, total

    $624,177

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $17,349,390 · program services $17,349,390

  • 5 · Compensation of officers, directors and key employees

    total $1,104,404 · management and general $1,078,524 · fundraising $25,880

  • 6 · Compensation of disqualified persons

    total $519,531 · program services $349,915 · management and general $169,616

  • 7 · Other salaries and wages

    total $19,010,826 · program services $14,523,859 · management and general $4,291,153 · fundraising $195,814

  • 8 · Pension plan contributions

    total $1,406,535 · program services $1,125,888 · management and general $264,471 · fundraising $16,176

  • 9 · Other employee benefits

    total $2,279,959 · program services $1,653,007 · management and general $612,134 · fundraising $14,818

  • 10 · Payroll taxes

    total $1,557,706 · program services $1,109,748 · management and general $434,955 · fundraising $13,003

  • 11a · Fees: management

    total $960,361 · program services $960,361

  • 11b · Fees: legal

    total $1,808,276 · management and general $1,808,276

  • 11c · Fees: accounting

    total $184,909 · management and general $184,909

  • 11d · Fees: lobbying

    total $24,000 · management and general $24,000

  • 11f · Fees: investment management

    total $166,565 · management and general $166,565

  • 11g · Fees: other

    total $1,526,426 · program services $351,237 · management and general $1,156,140 · fundraising $19,049

  • 12 · Advertising and promotion

    total $257,275 · program services $90,670 · management and general $166,605

  • 13 · Office expenses

    total $1,373,405 · program services $297,951 · management and general $1,065,751 · fundraising $9,703

  • 14 · Information technology

    total $810,797 · program services $19,566 · management and general $791,231

  • 16 · Occupancy

    total $3,207,921 · program services $1,724,596 · management and general $1,483,325

  • 17 · Travel

    total $524,973 · program services $474,660 · management and general $49,693 · fundraising $620

  • 19 · Conferences, conventions and meetings

    total $1,017,205 · program services $696,123 · management and general $317,971 · fundraising $3,111

  • 20 · Interest

    total $356,042 · program services $231,860 · management and general $124,182

  • 22 · Depreciation, depletion and amortization

    total $1,924,806 · program services $1,402,653 · management and general $522,153

  • 23 · Insurance

    total $889,447 · program services $518,472 · management and general $370,975

  • 24a · Other expenses: LIBRARY BOOKS & COURSE

    total $913,157 · program services $913,157

  • 24b · Other expenses: CONTINGENCY

    total $763,336 · program services $231,360 · management and general $531,976

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $105,614 · program services $105,614

  • 24d · Other expenses: GRADUATION

    total $82,648 · program services $82,648

  • 24e · All other expenses

    total $24,843 · program services $16,527 · management and general $8,316

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,355,877 · end of year $1,219,781

  • 2 · Savings and temporary cash investments

    beginning of year $18,373,844 · end of year $16,763,132

  • 3 · Pledges and grants receivable

    beginning of year $1,847,210 · end of year $1,593,174

  • 4 · Accounts receivable

    beginning of year $622,884 · end of year $526,457

  • 9 · Prepaid expenses and deferred charges

    beginning of year $176,584 · end of year $303,651

  • 10a · Land, buildings and equipment: cost or other basis

    $115,708,461

  • 10b · Land, buildings and equipment: accumulated depreciation

    $65,967,552

  • 10c · Land, buildings and equipment, net

    beginning of year $47,343,416 · end of year $49,740,909

  • 11 · Investments: publicly traded securities

    beginning of year $27,220,476 · end of year $32,731,015

  • 12 · Investments: other securities

    beginning of year $29,927,443 · end of year $30,236,647

  • 13 · Investments: program-related

    beginning of year $3,379,319 · end of year $2,473,590

  • 15 · Other assets

    beginning of year $166,775 · end of year $172,163

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,514,017 · end of year $7,435,954

  • 19 · Deferred revenue

    beginning of year $2,438,736 · end of year $2,041,188

  • 20 · Tax-exempt bond liabilities

    beginning of year $18,437,327 · end of year $16,929,161

  • 25 · Other liabilities

    beginning of year $1,186,172 · end of year $339,218

  • 27 · Net assets without donor restrictions

    beginning of year $74,156,983 · end of year $78,949,378

  • 28 · Net assets with donor restrictions

    beginning of year $27,680,593 · end of year $30,065,620

Mission and programs · 2022

Mission

FOR MORE THAN A CENTURY, SOUTHWESTERN HAS EDUCATED LAWYERS READY TO SERVE CLIENTS, THE PROFESSION, AND OUR SOCIETY WITH EXCELLENCE. WE EMPOWER STUDENTS TO REACH THEIR POTENTIAL. WE CULTIVATE INCLUSION AND BELONGING. WE PROMOTE EQUITY AND JUSTICE. WE CHAMPION TRAILBLAZERS, DEVELOP DEALMAKERS, AND INSPIRE INTELLECTUAL CURIOSITY. WE INNOVATE. WE SHAPE THE LAW AND PUBLIC POLICY THROUGH TEACHING, SCHOLARSHIP, AND SERVICE. WE ARE THE DIFFERENCE.

  • 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 ACCOMPLISHES THIS GOAL IN PART BY OFFERING MULTIPLE COURSES OF STUDYLEADING TO THE JURIS DOCTOR DEGREE: (1) A FULLY ONLINE ASYNCHRONOUS CURRICULUM IN BOTH FULL-TIME AND PART-TIME OPTIONS STARTING FALL 2024;(2) A THREE-YEAR, FULL-TIME DAY PROGRAM; (3) A TWO-YEAR, ACCELERATED FULL-TIME DAY PROGRAM;(4) A FOUR YEAR, PART-TIME DAY PROGRAM FOR STUDENTS WITH CHILD-CARE, ELDER-CARE, OR OTHER CARE-GIVING RESPONSIBILITIES;(5) A FOUR-YEAR, PART-TIME DAY PROGRAM; AND(6) A FOUR-YEAR, PART-TIME HYBRID EVENING PROGRAM.THE LAW SCHOOL ALSO OFFERS COURSES OF STUDY LEADING TO EITHER A MASTERS IN GENERAL LAW OR MASTERS OF LAW IN ENTERTAINMENT AND MEDIA LAW. THE LAW SCHOOL OFFERS A CONCURRENT J.D./M.B.A. PROGRAM WITH THE DRUCKER SCHOOL OF MANAGEMENT AT CLAREMONT GRADUATE UNIVERSITY. THE LAW SCHOOL SPONSORS A FOREIGN SUMMER ABROAD LAW PROGRAM AS PART OF THE J.D. DEGREE.

    Expenses $44,229,262 · Grants $17,349,390 · Revenue $54,130,780

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Angela D Dickerson

    PRESIDENT & DEAN

    Total calculated
    $482,649
    From this org
    $443,395
    From related orgs
    $0
    Other
    $39,254
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $415,945
    Bonus
    $20,250
    Other
    $7,200
    Deferred
    $19,035
    Nontaxable benefits
    $20,219
    Filer's total
    $482,649
  • Julie Xanders

    GENERAL COUNSEL/CORPORATE SECRETARY

    Total calculated
    $304,313
    From this org
    $257,265
    From related orgs
    $0
    Other
    $47,048
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $239,765
    Bonus
    $17,500
    Other
    $0
    Deferred
    $3,750
    Nontaxable benefits
    $43,298
    Filer's total
    $304,313
  • Hila Keren

    FACULTY

    Total calculated
    $303,291
    From this org
    $248,612
    From related orgs
    $0
    Other
    $54,679
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $239,935
    Bonus
    $8,677
    Other
    $0
    Deferred
    $21,968
    Nontaxable benefits
    $32,711
    Filer's total
    $303,291
  • Catherine L Carpenter

    FACULTY

    Total calculated
    $298,550
    From this org
    $242,821
    From related orgs
    $0
    Other
    $55,729
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $234,144
    Bonus
    $8,677
    Other
    $0
    Deferred
    $21,870
    Nontaxable benefits
    $33,859
    Filer's total
    $298,550
  • Anahid Gharakhanian

    FACULTY

    Total calculated
    $271,761
    From this org
    $251,000
    From related orgs
    $0
    Other
    $20,761
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $221,000
    Bonus
    $30,000
    Other
    $0
    Deferred
    $19,890
    Nontaxable benefits
    $871
    Filer's total
    $271,761
  • Jenny L Rodriguez

    FACULTY

    Total calculated
    $266,362
    From this org
    $252,811
    From related orgs
    $0
    Other
    $13,551
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $252,811
    Bonus
    $0
    Other
    $0
    Deferred
    $13,033
    Nontaxable benefits
    $518
    Filer's total
    $266,362
  • Kevin J Greene

    FACULTY

    Total calculated
    $262,233
    From this org
    $242,851
    From related orgs
    $0
    Other
    $19,382
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $234,174
    Bonus
    $8,677
    Other
    $0
    Deferred
    $4,995
    Nontaxable benefits
    $14,387
    Filer's total
    $262,233
  • Michael Hill Carter

    FORMER EVP CAO

    Total calculated
    $232,119
    From this org
    $228,055
    From related orgs
    $0
    Other
    $4,064
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $82,055
    Bonus
    $0
    Other
    $146,000
    Deferred
    $3,386
    Nontaxable benefits
    $678
    Filer's total
    $232,119
  • Susan Prager - Former Dean

    DEAN EMERITA/PROF. OF LAW

    Total calculated
    $151,490
    From this org
    $138,313
    From related orgs
    $0
    Other
    $13,177
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,313
    Bonus
    $0
    Other
    $0
    Deferred
    $12,448
    Nontaxable benefits
    $729
    Filer's total
    $151,490
  • Janis K Yokoyama

    FORMER CORPORATE SECRETARY

    Total calculated
    $142,852
    From this org
    $141,847
    From related orgs
    $0
    Other
    $1,005
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $27,914
    Bonus
    $0
    Other
    $113,933
    Deferred
    $461
    Nontaxable benefits
    $544
    Filer's total
    $142,852
  • Linda Sharon Ross

    FORMER CFO

    Total calculated
    $135,385
    From this org
    $118,564
    From related orgs
    $0
    Other
    $16,821
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $118,564
    Bonus
    $0
    Other
    $0
    Deferred
    $8,520
    Nontaxable benefits
    $8,301
    Filer's total
    $135,385
  • Marisela Cervantes - Chief Of

    STAFF/ASST. CORPORATE SECRETARY

    Total calculated
    $89,336
    From this org
    $88,219
    From related orgs
    $0
    Other
    $1,117
    Hours/week
    40
  • Laura Ponder

    CFO (AS OF 01/23)

    Total calculated
    $0
    Hours/week
    40
  • Luis Toledo

    INTERIM CFO (THRU 01/23)

    Total calculated
    $0
    Hours/week
    40
  • Lauren B Leichtman

    CHAIR OF THE BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • Peter Duchesneau

    VICE CHAIR, BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • Walter M Yoka

    VICE CHAIR, BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • Alicia Matricardi

    PRESIDENT, SW ALUMNI ASSOCIATION

    Total calculated
    $0
    Hours/week
    1
  • Robert Ford

    PRESIDENT OF NICKEL CLUB

    Total calculated
    $0
    Hours/week
    1
  • J Bernard Alexander

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Kevin Burke - Board

    MEMBER (THRU MID-DECEMBER 2022)

    Total calculated
    $0
    Hours/week
    1
  • Steven P Byrne

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Michael E Cahill - Board

    MEMBER (THRU MID-DECEMBER 2022)

    Total calculated
    $0
    Hours/week
    1
  • Christian Dowell

    BOARD MEMBER (AS OF 12/22)

    Total calculated
    $0
    Hours/week
    1
  • Thomas L Driscoll

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Charles Fairchild - Board

    MEMBER (THRU MID-DECEMBER 2022)

    Total calculated
    $0
    Hours/week
    1
  • John M Gerro

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Robert Glassman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Ken Gorvetzian

    BOARD MEMBER (AS OF 12/22)

    Total calculated
    $0
    Hours/week
    1
  • Jahmy S Graham

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Nyree Gray

    BOARD MEMBER (AS OF 12/22)

    Total calculated
    $0
    Hours/week
    1
  • Hon J Gary Hastings

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Thomas H Hoberman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Dana Hollinger

    BOARD MEMBER (AS OF 12/22)

    Total calculated
    $0
    Hours/week
    1
  • Betty P Kelepecz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Maria Mehranian

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Hon Robert H Philibosian

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Cherie S Raidy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Andrew Rosen

    BOARD MEMBER (AS OF 12/22)

    Total calculated
    $0
    Hours/week
    1
  • Mee H Semcken

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Heidy Vaquerano

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • George Woolverton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
HOUSING ALLOWANCE IS PROVIDED TO THE DEAN AND IS INCLUDED IN TAXABLE COMPENSATION.
PART I, LINE 4A
SEVERANCE PAYMENTS WERE INCLUDED IN CERTAIN INDIVIDUALS' COMPENSATION DURING 2022. THE ARRANGEMENTS ARE CONFIDENTIAL, BUT DETAILS MAY BE MADE AVAILABLE UPON INQUIRY.
PART I, LINE 7
BONUS AWARDS WERE DISCRETIONARY IN NATURE.
FORM 990, PART VII, LINE 5:
LUIS TOLEDO, THE INTERIM CFO OF SOUTHWESTERN LAW SCHOOL, WAS COMPENSATED IN CALENDAR YEAR 2022 BY AN UNRELATED ORGANIZATION, DAVID M. LEWIS COMPANY, LLC. SOUTHWESTERN LAW SCHOOL PAID DAVID M. LEWIS COMPANY $158,955 IN CONNECTION WITH THESE SERVICES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
30 April 2024
IRS schema version
2022v5.0
Source object
202431229349302108

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