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Nonprofiteer
← PEPPERDINE UNIVERSITY

Form 990 for tax year 2022

Filed by PEPPERDINE UNIVERSITY.

Totals

Total revenue
$699,813,135
Total expenses
$649,440,096
Contributions and grants received
$44,076,355
Grants paid
$154,709,004
Program services expenses (Part IX)
$517,829,010
Management and general expenses
$122,636,892
Fundraising expenses
$8,974,194
Program service expenses (Part III)
$517,829,010

Program services were 79.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • JAMES GASH

    PRESIDENT & CEO

    Total calculated
    $1,118,692
    From this org
    $778,582
    From related orgs
    $0
    Other
    $340,110
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $483,187
    Bonus
    $290,970
    Other
    $4,425
    Deferred
    $30,500
    Nontaxable benefits
    $309,610
    Filer's total
    $1,118,692

  • DEE ANNA SMITH

    CHAIR, REGENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • FREDERICK RICKER

    VICE CHAIR, REGENT

    Total calculated
    $0
    Hours/week
    1

  • MICHELLE HIEPLER

    REGENT THRU 08/22

    Total calculated
    $0
    Hours/week
    1

  • ALAN BEARD

    REGENT

    Total calculated
    $0
    Hours/week
    1

  • EDWIN BIGGERS

    REGENT

    Total calculated
    $0
    Hours/week
    1

  • M BRETT BIGGS

    REGENT THRU 06/23

    Total calculated
    $0
    Hours/week
    1

  • DALE BROWN

    REGENT

    Total calculated
    $0
    Hours/week
    1

  • SHELLE ENSIO

    REGENT

    Total calculated
    $0
    Hours/week
    1

  • SETH HAYE

    REGENT

    Total calculated
    $0
    Hours/week
    1

  • JEREMY JOHNSON

    REGENT

    Total calculated
    $0
    Hours/week
    1

  • PETER JOHNSON JR

    REGENT

    Total calculated
    $0
    Hours/week
    1

  • DENNIS LEWIS

    REGENT

    Total calculated
    $0
    Hours/week
    1

  • JOHN LEWIS

    ASSISTANT SECRETARY, REGENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • KIMBERLY LINDLEY

    REGENT

    Total calculated
    $0
    Hours/week
    1

  • FAYE WILLIAMS CRADDOLPH

    REGENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • VIRGINIA MILSTEAD

    REGENT

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL OKABAYASHI

    REGENT

    Total calculated
    $0
    Hours/week
    1

  • JOHN PLUEGER

    REGENT

    Total calculated
    $0
    Hours/week
    1

  • STEPHEN STEWART

    REGENT

    Total calculated
    $0
    Hours/week
    1

  • JAY WELKER

    SECRETARY, REGENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • TIMOTHY PHILLIPS

    REGENT THRU 01/23

    Total calculated
    $0
    Hours/week
    1

  • ERIC WOLFORD

    REGENT

    Total calculated
    $0
    Hours/week
    1

  • R CHARLES WALKER JR

    REGENT AS OF 02/23

    Total calculated
    $0
    Hours/week
    1

  • GARY HANSON

    SENIOR EVP

    Total calculated
    $547,804
    From this org
    $487,520
    From related orgs
    $0
    Other
    $60,284
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $407,452
    Bonus
    $69,000
    Other
    $11,068
    Deferred
    $23,902
    Nontaxable benefits
    $36,382
    Filer's total
    $547,804

  • DAMON SEAN BURNETT

    SVP, INTEGRATED MARKETING & CMO

    Total calculated
    $300,351
    From this org
    $209,363
    From related orgs
    $0
    Other
    $90,988
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,287
    Bonus
    $25,000
    Other
    $38,076
    Deferred
    $4,631
    Nontaxable benefits
    $86,357
    Filer's total
    $300,351

  • PHIL PHILLIPS

    EVP FOR ADMINISTRATION & COO

    Total calculated
    $582,332
    From this org
    $336,919
    From related orgs
    $0
    Other
    $245,413
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $259,785
    Bonus
    $54,000
    Other
    $23,134
    Deferred
    $56,492
    Nontaxable benefits
    $188,921
    Filer's total
    $582,332

  • GREG RAMIREZ

    CHIEF FINANCIAL OFFICER

    Total calculated
    $385,128
    From this org
    $350,871
    From related orgs
    $0
    Other
    $34,257
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $305,021
    Bonus
    $45,000
    Other
    $850
    Deferred
    $30,461
    Nontaxable benefits
    $3,796
    Filer's total
    $385,128

  • CONNIE HORTON

    VP FOR STUDENT AFFAIRS

    Total calculated
    $346,779
    From this org
    $191,529
    From related orgs
    $0
    Other
    $155,250
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,531
    Bonus
    $31,000
    Other
    $27,998
    Deferred
    $59,047
    Nontaxable benefits
    $96,203
    Filer's total
    $346,779

  • SARA YOUNG JACKSON

    CHANCELLOR

    Total calculated
    $493,186
    From this org
    $440,811
    From related orgs
    $0
    Other
    $52,375
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $324,969
    Bonus
    $52,000
    Other
    $63,842
    Deferred
    $30,500
    Nontaxable benefits
    $21,875
    Filer's total
    $493,186

  • SARA COSENTINO

    VP FOR ADV & CHIEF DEV OFFICER

    Total calculated
    $432,500
    From this org
    $348,320
    From related orgs
    $0
    Other
    $84,180
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $298,367
    Bonus
    $46,000
    Other
    $3,953
    Deferred
    $30,500
    Nontaxable benefits
    $53,680
    Filer's total
    $432,500

  • DANIEL DEWALT

    VP & CHIEF OF STAFF

    Total calculated
    $386,475
    From this org
    $337,306
    From related orgs
    $0
    Other
    $49,169
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $288,707
    Bonus
    $45,000
    Other
    $3,599
    Deferred
    $29,277
    Nontaxable benefits
    $19,892
    Filer's total
    $386,475

  • LARRY PERRIN

    SVP STRATEGIC IMPLEMENTATION

    Total calculated
    $423,274
    From this org
    $355,957
    From related orgs
    $0
    Other
    $67,317
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $305,109
    Bonus
    $45,000
    Other
    $5,848
    Deferred
    $30,500
    Nontaxable benefits
    $36,817
    Filer's total
    $423,274

  • NICOLLE TAYLOR

    VP AND CHIEF BUSINESS OFFICER

    Total calculated
    $366,421
    From this org
    $321,344
    From related orgs
    $0
    Other
    $45,077
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $275,159
    Bonus
    $45,000
    Other
    $1,185
    Deferred
    $27,822
    Nontaxable benefits
    $17,255
    Filer's total
    $366,421

  • JERI-ELAYNE GOOSBY SMITH

    VP COMM BELONGING & CDO

    Total calculated
    $341,610
    From this org
    $298,888
    From related orgs
    $0
    Other
    $42,722
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $204,863
    Bonus
    $28,000
    Other
    $66,025
    Deferred
    $12,350
    Nontaxable benefits
    $30,372
    Filer's total
    $341,610

  • JAY BREWSTER

    PROVOST

    Total calculated
    $700,045
    From this org
    $394,591
    From related orgs
    $0
    Other
    $305,454
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $336,539
    Bonus
    $52,000
    Other
    $6,052
    Deferred
    $25,200
    Nontaxable benefits
    $280,254
    Filer's total
    $700,045

  • MICHAEL THOMAS

    VP, INTEGRATED MARKETING

    Total calculated
    $221,510
    From this org
    $205,294
    From related orgs
    $0
    Other
    $16,216
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,500
    Bonus
    $5,000
    Other
    $51,794
    Deferred
    $0
    Nontaxable benefits
    $16,216
    Filer's total
    $221,510

  • LEE KATS

    VICE PROVOST

    Total calculated
    $380,988
    From this org
    $341,992
    From related orgs
    $0
    Other
    $38,996
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $275,820
    Bonus
    $33,000
    Other
    $33,172
    Deferred
    $27,970
    Nontaxable benefits
    $11,026
    Filer's total
    $380,988

  • MICHAEL FELTNER

    DEAN, SEAVER & PROFESSOR

    Total calculated
    $420,844
    From this org
    $339,562
    From related orgs
    $0
    Other
    $81,282
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $298,293
    Bonus
    $34,000
    Other
    $7,269
    Deferred
    $30,500
    Nontaxable benefits
    $50,782
    Filer's total
    $420,844

  • FAYE HOLTON

    DIRECTOR OF INVESTMENTS

    Total calculated
    $280,440
    From this org
    $238,556
    From related orgs
    $0
    Other
    $41,884
    Hours/week
    35 + 6 related

    Schedule J breakdown matched by us

    Base
    $227,729
    Bonus
    $8,000
    Other
    $2,827
    Deferred
    $23,264
    Nontaxable benefits
    $18,620
    Filer's total
    $280,440

  • JEFFREY ROHDE

    CHIEF INVESTMENT OFFICER

    Total calculated
    $480,772
    From this org
    $406,727
    From related orgs
    $0
    Other
    $74,045
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $328,942
    Bonus
    $77,185
    Other
    $600
    Deferred
    $30,500
    Nontaxable benefits
    $43,545
    Filer's total
    $480,772

  • JONATHAN SEE

    CHIEF INFORMATION OFFICER

    Total calculated
    $280,600
    From this org
    $238,939
    From related orgs
    $0
    Other
    $41,661
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $236,746
    Bonus
    $0
    Other
    $2,193
    Deferred
    $24,053
    Nontaxable benefits
    $17,608
    Filer's total
    $280,600

  • DAVID SMITH

    INT DEAN, GRAZ BUS SCHOOL, THRU 10/22

    Total calculated
    $375,424
    From this org
    $298,607
    From related orgs
    $0
    Other
    $76,817
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $268,643
    Bonus
    $0
    Other
    $29,964
    Deferred
    $26,640
    Nontaxable benefits
    $50,177
    Filer's total
    $375,424

  • FARZIN MADJIDI

    INTERIM DEAN, GSEP

    Total calculated
    $278,520
    From this org
    $235,152
    From related orgs
    $0
    Other
    $43,368
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $215,907
    Bonus
    $0
    Other
    $19,245
    Deferred
    $19,248
    Nontaxable benefits
    $24,120
    Filer's total
    $278,520

  • MICHAEL NICKS

    DIRECTOR OF INVESTMENTS

    Total calculated
    $312,232
    From this org
    $237,877
    From related orgs
    $0
    Other
    $74,355
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $228,229
    Bonus
    $8,000
    Other
    $1,648
    Deferred
    $24,142
    Nontaxable benefits
    $50,213
    Filer's total
    $312,232

  • LAURA PONDER

    CONTROLLER

    Total calculated
    $241,754
    From this org
    $214,472
    From related orgs
    $0
    Other
    $27,282
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $196,539
    Bonus
    $4,000
    Other
    $13,933
    Deferred
    $18,103
    Nontaxable benefits
    $9,179
    Filer's total
    $241,754

  • LORENZO ROMAR

    HEAD COACH, BASKETBALL

    Total calculated
    $815,532
    From this org
    $772,329
    From related orgs
    $0
    Other
    $43,203
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $737,390
    Bonus
    $25,000
    Other
    $9,939
    Deferred
    $12,200
    Nontaxable benefits
    $31,003
    Filer's total
    $815,532

  • DERYCK JANSE VAN RENSBURG

    PROFESSOR, GRAZIADIO BUS SCHOOL

    Total calculated
    $540,596
    From this org
    $464,941
    From related orgs
    $0
    Other
    $75,655
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $457,184
    Bonus
    $0
    Other
    $7,757
    Deferred
    $27,386
    Nontaxable benefits
    $48,269
    Filer's total
    $540,596

  • EDWARD LARSON

    DARLING CHAIR IN LAW & PROFESS

    Total calculated
    $388,651
    From this org
    $338,840
    From related orgs
    $0
    Other
    $49,811
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $287,278
    Bonus
    $30,000
    Other
    $21,562
    Deferred
    $29,141
    Nontaxable benefits
    $20,670
    Filer's total
    $388,651

  • MARC GOODMAN

    GEN COUNS THRU 04/23, V. CHANCELLOR AS OF 05/23

    Total calculated
    $446,945
    From this org
    $404,308
    From related orgs
    $0
    Other
    $42,637
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $296,419
    Bonus
    $47,000
    Other
    $60,889
    Deferred
    $30,128
    Nontaxable benefits
    $12,509
    Filer's total
    $446,945

  • SUKHSIMRANJIT SINGH

    MNGING DIR STRAUS INST, PROF

    Total calculated
    $498,727
    From this org
    $455,631
    From related orgs
    $0
    Other
    $43,096
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $386,586
    Bonus
    $0
    Other
    $69,045
    Deferred
    $19,008
    Nontaxable benefits
    $24,088
    Filer's total
    $498,727

  • RICK MARRS

    PROFESSOR OF RELIGION

    Total calculated
    $415,157
    From this org
    $174,791
    From related orgs
    $0
    Other
    $240,366
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,176
    Bonus
    $0
    Other
    $31,615
    Deferred
    $58,508
    Nontaxable benefits
    $181,858
    Filer's total
    $415,157

  • RICK GIBSON

    SV CHANCELLOR

    Total calculated
    $309,484
    From this org
    $167,751
    From related orgs
    $0
    Other
    $141,733
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,686
    Bonus
    $0
    Other
    $19,065
    Deferred
    $48,958
    Nontaxable benefits
    $92,775
    Filer's total
    $309,484

  • SAMUEL HINKLE

    SV CHANCELLOR

    Total calculated
    $306,997
    From this org
    $185,195
    From related orgs
    $0
    Other
    $121,802
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $91,889
    Bonus
    $0
    Other
    $93,306
    Deferred
    $55,774
    Nontaxable benefits
    $66,028
    Filer's total
    $306,997

  • PAUL CARON

    DEAN, CARUSO SCHOOL OF LAW

    Total calculated
    $509,798
    From this org
    $318,891
    From related orgs
    $0
    Other
    $190,907
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $241,463
    Bonus
    $48,000
    Other
    $29,428
    Deferred
    $53,081
    Nontaxable benefits
    $137,826
    Filer's total
    $509,798

  • HELEN WILLIAMS

    DEAN, GSEP

    Total calculated
    $338,321
    From this org
    $131,270
    From related orgs
    $0
    Other
    $207,051
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $89,753
    Bonus
    $18,000
    Other
    $23,517
    Deferred
    $48,598
    Nontaxable benefits
    $158,453
    Filer's total
    $338,321

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 — 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 · First-class or charter travel
  • 1a · Travel for companions
  • 1a · Tax indemnification and gross-up payments
  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1a · Personal services (maid, chauffeur, chef)
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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
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. THREE OFFICERS LISTED ON FORM 990, PART VII FLEW FIRST CLASS FOR BUSINESS PURPOSES DURING CALENDAR YEAR 2022. 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 ONE HIGHEST COMPENSATED EMPLOYEE LISTED ON FORM 990, PART VII WERE PROVIDED WITH COMPANION TRAVEL FOR BUSINESS PURPOSES DURING CALENDAR YEAR 2022. 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. FIVE OFFICERS, THREE FORMER OFFICERS, AND TWO FORMER KEY EMPLOYEES LISTED ON FORM 990, PART VII WERE PROVIDED TAX INDEMNIFICATION OR GROSS-UP PAYMENTS DURING CALENDAR YEAR 2022. 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. THREE OFFICERS, THREE FORMER OFFICERS, AND TWO FORMER KEY EMPLOYEES LISTED ON FORM 990, PART VII WERE PROVIDED A MINISTERIAL HOUSING ALLOWANCE DURING CALENDAR YEAR 2022. 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 2022. 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. THREE OFFICERS AND TWO FORMER OFFICERS LISTED ON FORM 990, PART VII RECEIVED REIMBURSEMENTS FOR EXPENDITURES ASSOCIATED WITH HEALTH OR SOCIAL CLUB MEMBERSHIPS USED FOR BUSINESS PURPOSES DURING CALENDAR YEAR 2022. PERSONAL SERVICES: EXPENDITURES FOR BUSINESS PURPOSES ARE APPROVED PURSUANT TO THE UNIVERSITY'S REIMBURSEMENT POLICIES. SUCH REIMBURSEMENTS ARE NOT INCLUDED IN TAXABLE WAGES. SEVEN OFFICERS AND TWO FORMER KEY EMPLOYEES WERE PROVIDED CAR SERVICES FOR BUSINESS RELATED TRANSPORTATION DURING CALENDAR YEAR 2022. ONE OFFICER WAS PROVIDED LAUNDRY SERVICES AND ONE OFFICER WAS PROVIDED LUGGAGE SERVICES IN CONNECTION WITH BUSINESS RELATED TRAVEL DURING CALENDAR YEAR 2022.
PART I, LINE 4B
SUPPLEMENTAL NONQUALIFIED PLANS: PEPPERDINE UNIVERSITY HAD AN INCENTIVE COMPENSATION PLAN FOR CERTAIN KEY EXECUTIVES. UNDER THE PLAN, UPON ACHIEVEMENT OF CERTAIN EXPECTATIONS AND GOALS, AND AT THE DISCRETION OF THE BOARD OF REGENTS, THE PARTICIPANT WOULD RECEIVE A UNIVERSITY CONTRIBUTION TO THE PLAN FOR THAT PLAN YEAR. UNIVERSITY CONTRIBUTIONS TO THE PLAN BECAME GRADUALLY VESTED BEGINNING WITH THE LAST DAY OF THE THIRD PLAN YEAR FOLLOWING THE CONTRIBUTION AND VESTED FULLY AT THE COMPLETION OF THE SEVENTH PLAN YEAR FOLLOWING THE AWARD. WHEN THE EMPLOYEE ATTAINED THE AGE OF 62, THE ACCOUNT FULLY VESTED AND WAS FULLY PAID OUT TO THE EMPLOYEE. THE VESTING SCHEDULE THEN ACCELERATED SUCH THAT THE EMPLOYEE WAS FULLY VESTED AFTER AGE 62. THIS INCENTIVE COMPENSATION PLAN ENDED EFFECTIVE AUGUST 1, 2022. NO AMOUNTS WERE AWARDED IN CALENDAR YEAR 2022. THE FOLLOWING AMOUNTS WERE VESTED AND INCLUDED IN THE EMPLOYEE'S COMPENSATION IN CALENDAR YEAR 2022: SAMUEL HINKLE - $79,663.
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 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 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 GOVERNANCE COMMITTEE IS ANNUALLY APPRISED OF THE PRESIDENT'S RATIONALE AND AWARDS OF BONUSES TO SELECT SENIOR ADMINISTRATORS.
SCHEDULE J, PART II, COL (F):
REPORTED AS DEFERRED IN PRIOR YEAR: AMOUNTS REPORTED ON SCHEDULE J, PART II, COLUMN (F), WERE PREVIOUSLY REPORTED ON THE UNIVERSITY'S FORM 990 FOR PRIOR YEARS AS AMOUNTS AWARDED UNDER THE INCENTIVE COMPENSATION PLAN DISCLOSED IN RESPONSE TO SCHEDULE J, PART I, LINE 4B.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • WAVE ENTERPRISES INC

    501(C)(3) · SUPPORT UNIV · CA · controlled entity

    Directly controlled by PEPPERDINE

  • WAVE SERVICES INC

    501(C)(3) · SUPPORT UNIV · CA · controlled entity

    Directly controlled by PEPPERDINE

  • PEPPERDINE UNIVERSITY (USA) IN LONDON

    EDUCATION · UK · controlled entity

    Directly controlled by PEPPERDINE

  • CINDERELLA IMMOBILIARE SRL

    EDUCATION · IT · controlled entity

    Directly controlled by PEPPERDINE

  • PEPPERDINE UNIVERSITY RWANDA CBC

    SOCIAL JUSTICE · RW · controlled entity

    Directly controlled by PEPPERDINE

Provenance

Return type
form_990
Tax year
2022
Filed
17 June 2024
IRS schema version
2022v5.0
Source object
202441669349300249

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