2024-06-14T12:52:44-05:00 2023-07-31 135565207 KPMG LLP 550 SOUTH HOPE STREET SUITE 1500 LOS ANGELES CA 90071 990 2022-08-01 951644037 PEPPERDINE UNIVERSITY PEPP 8187021364 24255 PACIFIC COAST HWY MALIBU CA 902634497 GREG G RAMIREZ CHIEF FINANCIAL OFFICER 8187021364 2024-06-17 1 GREG RAMIREZ XXX-XX-XXXX 0 DAVID M HIGHFILL P01517891 2139724000 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JAMES A GASH 24255 PACIFIC COAST HWY MALIBU CA 902634497 909330519 0 X WWW.PEPPERDINE.EDU X 1937 CA PEPPERDINE UNIVERSITY IS A CHRISTIAN UNIVERSITY (CONTINUED SCHEDULE O). 21 19 5301 20 10617343 272179 71538193 44076355 551506131 562162816 87167829 80027524 8868806 13546440 719080959 699813135 155314297 154709004 0 0 228030261 237412317 0 360992 8974194 256281354 256957783 639625912 649440096 79455047 50373039 2445970391 2474830926 781941996 762324037 1664028395 1712506889 X PEPPERDINE UNIVERSITY IS A CHRISTIAN UNIVERSITY COMMITTED TO THE HIGHEST STANDARDS OF ACADEMIC EXCELLENCE AND CHRISTIAN VALUES, WHERE STUDENTS ARE STRENGTHENED FOR LIVES OF PURPOSE, SERVICE, AND LEADERSHIP. SEE SCHEDULE O FOR MORE INFORMATION. 0 0 232370360 154158290 62532382 STUDENT SERVICES, INCLUDING SCHOLARSHIPS TO ENROLLED STUDENTS - THERE ARE MANY AUXILIARY SERVICES OFFERED TO THE STUDENTS TO PROMOTE THEIR INTELLECTUAL, EMOTIONAL, AND SPIRITUAL DEVELOPMENT. PEPPERDINE UNIVERSITY MAINTAINS MULTIPLE DINING AND HOUSING FACILITIES, A BOOKSTORE, BANKING SERVICES, PARKING FACILITIES LOCATED ALL OVER CAMPUS, TRANSPORTATION SERVICES, RECREATIONAL FIELDS, AND MAIL SERVICES. IN ADDITION TO THESE FACILITIES AND SERVICES, PEPPERDINE UNIVERSITY OFFERS APPROXIMATELY 82% OF ITS TOTAL STUDENT BODY FINANCIAL AID IN THE FORM OF VARIOUS SCHOLARSHIPS, GRANTS, AND LOANS. 137182583 316692 498841456 INSTRUCTION AND RESEARCH - PEPPERDINE UNIVERSITY IS A TOP CHRISTIAN INSTITUTION FOR HIGHER EDUCATION AND SERVES APPROXIMATELY 3,700 UNDERGRADUATE STUDENTS AND 6,400 GRADUATE STUDENTS. IN ADDITION TO THE UNIVERSITY'S CAMPUSES IN CALIFORNIA, PEPPERDINE UNIVERSITY MAINTAINS SEVERAL STUDENT LEARNING PROGRAMS IN LOCATIONS SUCH AS EUROPE, SOUTH AMERICA, AND WASHINGTON D.C. NOTABLY, PEPPERDINE UNIVERSITY OPENED ITS NEW SWITZERLAND CAMPUS AT THE HISTORIC CHATEAU D'HAUTEVILLE IN JULY 2023. SEE SCHEDULE O. 124554194 221073 577067 ACADEMIC SUPPORT - PEPPERDINE UNIVERSITY EQUIPS STUDENTS WITH ACADEMIC SUPPORT TO ENSURE STUDENTS REACH THEIR EDUCATIONAL GOALS. UNIVERSITY SERVICES SUCH AS THE LIBRARY, TECH CENTRAL, PEPPERDINE COUNSELING CENTER, THE HEALTH CENTER, AND ONE STOP, THE PRIMARY ACADEMIC ADVISING CENTER, ASSIST IN THE WELL-BEING AND ACADEMIC PROGRESS OF THE UNIVERSITY'S STUDENTS. 23721873 12949 240740 PUBLIC SERVICE - THE UNIVERSITY OFFERS NUMEROUS SERVICES TO THE GENERAL PUBLIC, INCLUDING ART EXHIBITS, CONCERTS, PRODUCTIONS, AND OTHER PUBLIC BENEFIT ACTIVITIES. 23721873 12949 240740 517829010 1 1 0 1 0 1 0 1 1 1 1 1 0 1 1 1 0 1 1 1 1 0 1 1 1 0 0 1 1 1 1 1 0 0 0 0 1 0 0 1 1 1 1 0 0 1 1 1 1 0 0 1 X 12857 0 1 5301 1 1 1 1 AR CH GM IT SZ UK 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 21 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA KY MA MD MI NH OR SC X X KATELYN CROWE CONTROLLER 8187021364 24255 PACIFIC COAST HIGHWAY MALIBU CA 902634497 JAMES GASH PRESIDENT & CEO 40.00 2.00 X X 778582 0 340110 DEE ANNA SMITH CHAIR, REGENT 1.00 1.00 X X 0 0 0 FREDERICK RICKER VICE CHAIR, REGENT 1.00 0.00 X X 0 0 0 MICHELLE HIEPLER REGENT THRU 08/22 1.00 0.00 X 0 0 0 ALAN BEARD REGENT 1.00 0.00 X 0 0 0 EDWIN BIGGERS REGENT 1.00 0.00 X 0 0 0 M BRETT BIGGS REGENT THRU 06/23 1.00 0.00 X 0 0 0 DALE BROWN REGENT 1.00 0.00 X 0 0 0 SHELLE ENSIO REGENT 1.00 0.00 X 0 0 0 SETH HAYE REGENT 1.00 0.00 X 0 0 0 JEREMY JOHNSON REGENT 1.00 0.00 X 0 0 0 PETER JOHNSON JR REGENT 1.00 0.00 X 0 0 0 DENNIS LEWIS REGENT 1.00 0.00 X 0 0 0 JOHN LEWIS ASSISTANT SECRETARY, REGENT 1.00 1.00 X X 0 0 0 KIMBERLY LINDLEY REGENT 1.00 0.00 X 0 0 0 FAYE WILLIAMS CRADDOLPH REGENT 1.00 1.00 X 0 0 0 VIRGINIA MILSTEAD REGENT 1.00 0.00 X 0 0 0 MICHAEL OKABAYASHI REGENT 1.00 0.00 X 0 0 0 JOHN PLUEGER REGENT 1.00 0.00 X 0 0 0 STEPHEN STEWART REGENT 1.00 0.00 X 0 0 0 JAY WELKER SECRETARY, REGENT 1.00 1.00 X X 0 0 0 TIMOTHY PHILLIPS REGENT THRU 01/23 1.00 0.00 X 0 0 0 ERIC WOLFORD REGENT 1.00 0.00 X 0 0 0 R CHARLES WALKER JR REGENT AS OF 02/23 1.00 0.00 X 0 0 0 GARY HANSON SENIOR EVP 40.00 0.00 X 487520 0 60284 DAMON SEAN BURNETT SVP, INTEGRATED MARKETING & CMO 40.00 0.00 X 209363 0 90988 PHIL PHILLIPS EVP FOR ADMINISTRATION & COO 40.00 0.00 X 336919 0 245413 GREG RAMIREZ CHIEF FINANCIAL OFFICER 40.00 1.00 X 350871 0 34257 CONNIE HORTON VP FOR STUDENT AFFAIRS 40.00 0.00 X 191529 0 155250 SARA YOUNG JACKSON CHANCELLOR 40.00 0.00 X 440811 0 52375 SARA COSENTINO VP FOR ADV & CHIEF DEV OFFICER 40.00 1.00 X 348320 0 84180 DANIEL DEWALT VP & CHIEF OF STAFF 40.00 2.00 X 337306 0 49169 LARRY PERRIN SVP STRATEGIC IMPLEMENTATION 40.00 0.00 X 355957 0 67317 NICOLLE TAYLOR VP AND CHIEF BUSINESS OFFICER 40.00 1.00 X 321344 0 45077 JERI-ELAYNE GOOSBY SMITH VP COMM BELONGING & CDO 40.00 0.00 X 298888 0 42722 JAY BREWSTER PROVOST 40.00 0.00 X 394591 0 305454 MICHAEL THOMAS VP, INTEGRATED MARKETING 40.00 0.00 X 205294 0 16216 LEE KATS VICE PROVOST 40.00 0.00 X 341992 0 38996 MICHAEL FELTNER DEAN, SEAVER & PROFESSOR 40.00 0.00 X 339562 0 81282 FAYE HOLTON DIRECTOR OF INVESTMENTS 35.00 6.00 X 238556 0 41884 JEFFREY ROHDE CHIEF INVESTMENT OFFICER 40.00 2.00 X 406727 0 74045 JONATHAN SEE CHIEF INFORMATION OFFICER 40.00 0.00 X 238939 0 41661 DAVID SMITH INT DEAN, GRAZ BUS SCHOOL, THRU 10/22 40.00 0.00 X 298607 0 76817 FARZIN MADJIDI INTERIM DEAN, GSEP 40.00 0.00 X 235152 0 43368 MICHAEL NICKS DIRECTOR OF INVESTMENTS 40.00 0.00 X 237877 0 74355 LAURA PONDER CONTROLLER 40.00 1.00 X 214472 0 27282 LORENZO ROMAR HEAD COACH, BASKETBALL 40.00 0.00 X 772329 0 43203 DERYCK JANSE VAN RENSBURG PROFESSOR, GRAZIADIO BUS SCHOOL 40.00 0.00 X 464941 0 75655 EDWARD LARSON DARLING CHAIR IN LAW & PROFESS 40.00 0.00 X 338840 0 49811 MARC GOODMAN GEN COUNS THRU 04/23, V. CHANCELLOR AS OF 05/23 40.00 0.00 X 404308 0 42637 SUKHSIMRANJIT SINGH MNGING DIR STRAUS INST, PROF 40.00 0.00 X 455631 0 43096 RICK MARRS PROFESSOR OF RELIGION 40.00 0.00 X 174791 0 240366 RICK GIBSON SV CHANCELLOR 40.00 0.00 X 167751 0 141733 SAMUEL HINKLE SV CHANCELLOR 40.00 0.00 X 185195 0 121802 PAUL CARON DEAN, CARUSO SCHOOL OF LAW 40.00 0.00 X 318891 0 190907 HELEN WILLIAMS DEAN, GSEP 40.00 0.00 X 131270 0 207051 11023126 0 3244763 475 1 1 0 2U INC 7900 HARKINS ROAD LANHAM MD 20706 E-LEARNING 74607880 THE PENTA BUILDING GROUP LLC 181 E WARM SPRINGS ROAD LAS VEGAS NV 89119 CONSTRUCTION 9194545 SODEXO INC & AFFILIATES PO BOX 360170 PITTSBURGH PA 152516170 CATERING 8430072 PERKINS & WILL INC PO BOX 71181 CHICAGO IL 606941181 CONSULTING 7173178 BON APPETIT MANAGEMENT COMPANY PO BOX 50196 LOS ANGELES CA 900740196 CATERING 3482649 125 960832 613837 4609997 37891689 5492621 44076355 STUDENT TUITION & FEES 611710 503811520 503811520 ROOM AND BOARD 611710 50922770 50922770 SALES AND SERVICES 611710 3960717 3960717 OTHER REVENUE 611710 3467809 3467809 562162816 35455194 2518613 32936581 762540 0 762540 762540 28829 98782 634929 252755421 208183091 44572330 44572330 4511111 40061219 644230 960832 1333635 -689405 -689405 1720 658 1062 1062 SALES AND SERVICES 900099 8041266 3388987 4652279 OTHER REVENUE 900099 3354124 99850 3254274 SWITZERLAND SUBSIDY 900099 1076853 1076853 1000000 1000000 13472243 699813135 562191645 10617343 82927792 X 14294 14294 142455113 142455113 12239597 12239597 9471227 2675870 5248886 1546471 3109836 2058945 701883 349008 173335467 130977439 38843392 3514636 11315694 8247365 2869680 198649 27618753 23562243 3268799 787711 12561340 8879305 3366768 315267 1512082 76276 1435705 101 1336243 1167 1335076 5929 5929 360992 360992 5991241 5991241 79998490 76249499 3688873 60118 6735929 5329645 1322087 84197 7658780 5225289 2286637 146854 7705306 3331755 4371032 2519 15260762 10023030 5213260 24472 12920678 9349499 3384886 186293 5300483 3595297 1683688 21498 18333546 15618813 2638357 76376 27437447 22205396 5123467 108584 6881333 381732 6499601 STUDENT MEALS 12785760 1423714 11362046 CONSTRUCTION & EQUIP 11836121 2552085 9268072 15964 EQUIPMENT RENTAL & MAIN 4539229 1885252 2651625 2352 LIBRARY EXPENSES 2003622 2002169 1453 28714802 27468221 74449 1172132 649440096 517829010 122636892 8974194 122949814 7672132 31149525 114376298 50854847 47298162 17018390 12105061 1240575 1225934 0 0 5089375 5792400 0 0 4882702 11433597 875005975 300962230 541744082 574043745 477943289 523282503 922607069 897329026 13300557 12601614 257190166 267670454 2445970391 2474830926 52698500 51477405 0 0 29083484 29535598 39706408 34869223 30372135 29091630 0 0 0 0 0 0 630081469 617350181 781941996 762324037 X 992618697 1008364317 671409698 704142572 1664028395 1712506889 2445970391 2474830926 X 50373039 -451219 -285000 -1158326 X 0 1 X 1 1 1 X 34179043 55834209 67242887 71538193 44076355 272870687 34179043 55834209 67242887 71538193 44076355 272870687 6988322 265882365 45381851 29452634 79329098 21255394 33571510 208990487 0 0 538255 4400240 1172617 6111112 8011772 9994544 2303956 6819913 10629356 37759541 525731827 2468236489 0.50570 0.53290 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING EVENTS GAMING - 2018 AMOUNT: $ 468,457. 2019 AMOUNT: $ 397,936. 2020 AMOUNT: $ 103,145. 2021 AMOUNT: $ 377,142. 2022 AMOUNT: $ 644,230. GAIN ON EXTINGUISHMENT OF DEBT - 2018 AMOUNT: $ 0. 2019 AMOUNT: $ 1,076,454. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. OTHER INCOME - 2018 AMOUNT: $ 3,065,529. 2019 AMOUNT: $ 5,806,779. 2020 AMOUNT: $ 115,661. 2021 AMOUNT: $ 3,184,968. 2022 AMOUNT: $ 5,331,127. SALES AND SERVICES - 2018 AMOUNT: $ 4,477,786. 2019 AMOUNT: $ 1,917,076. 2020 AMOUNT: $ 1,447,201. 2021 AMOUNT: $ 3,254,943. 2022 AMOUNT: $ 4,652,279. GAMING INCOME - 2018 AMOUNT: $ 0. 2019 AMOUNT: $ 3,120. 2020 AMOUNT: $ 4,960. 2021 AMOUNT: $ 2,860. 2022 AMOUNT: $ 1,720. INSURANCE SETTLEMENT - 2018 AMOUNT: $ 0. 2019 AMOUNT: $ 793,179. 2020 AMOUNT: $ 632,989. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 2407 0 0 1 3523 5930 0 PART II-B, LINE 1: LINE 1(F), GRANTS TO OTHER ORGANIZATIONS FOR LOBBYING PURPOSES: THE UNIVERSITY PAID MEMBERSHIP DUES TO THE NATIONAL ASSOCIATION OF COLLEGE AND UNIVERSITY BUSINESS OFFICERS AND THE ASSOCIATION OF INDEPENDENT CALIFORNIA COLLEGES AND UNIVERSITIES, A PORTION OF WHICH WAS USED BY THE ORGANIZATIONS TO LOBBY FOR HIGHER EDUCATION INITIATIVES. LINE 1(I), OTHER ACTIVITIES: THE UNIVERSITY HIRED A LOBBYING FIRM IN CONNECTION WITH LAND USE ISSUES. 8 268236 151000 1567354 1 1 11100844 X X X 0 0 1 X 1200868391 27297369 48419708 16825278 40888685 1218871505 1145290820 87393092 21517845 16113915 37219451 1200868391 908307875 23371272 273594646 15474077 44508896 1145290820 917551019 53457004 -15420363 15036229 32243556 908307875 904143256 20848280 38449008 45889525 917551019 0.56010 0.34482 0.09508 1 1 1 24719804 24719804 32731434 747794409 280121146 500404697 49497618 20562074 28935544 20262710 279010 19983700 574043745 ALTERNATIVE INVESTMENTS 895238198 F LIMITED PARTNERSHIPS 1278206 F OTHER INVESTMENTS 509481 F CASH & CASH EQUIV. INVESTMENTS 303141 C 897329026 ASSETS HELD AS TRUSTEE 63346906 INVESTMENTS IN SUBSIDIARIES 97025841 ASSETS UNDER AGENCY AGREEMENTS 66448030 RIGHT OF USE ASSETS 40849677 267670454 U.S. GOVERNMENT STUDENT LOANS 3437708 TAXABLE BOND LIABILITIES 565314695 LEASE LIABILITY 48597778 617350181 X 538692523 -451219 170489 -280730 538973253 5991241 154848641 160839882 699813135 489929029 1333635 1333635 488595394 5991241 154853461 160844702 649440096 PART III, LINE 4: COLLECTION OF ART AND OTHER SIMILAR ASSETS: COLLECTIONS CONSIST OF ITEMS ACQUIRED BY THE UNIVERSITY'S LIBRARY THAT REQUIRE SPECIAL HANDLING DUE TO THEIR RARITY, VALUE, AND/OR PHYSICAL CONDITION. THE UNIVERSITY ALSO MAINTAINS AN ARCHIVAL COLLECTION OF OFFICIAL DOCUMENTS, PAPERS, PUBLICATIONS, AND ARTIFACTS OF PEPPERDINE UNIVERSITY AND PERSONS CONNECTED WITH THE UNIVERSITY. THESE COLLECTIONS ARE PROTECTED AND PRESERVED FOR EDUCATION, RESEARCH, AND PUBLIC EXHIBITION. PART IV, LINE 2B: ESCROW AND CUSTODIAL ARRANGEMENTS: PEPPERDINE UNIVERSITY RECORDS A CUSTODIAL LIABILITY FOR CHARITABLE GIFT ANNUITIES, CHARITABLE REMAINDER TRUSTS, AND LIFE ESTATES THAT ARE SUBJECT TO LIFE INTERESTS OF THE BENEFICIARIES. NO SIGNIFICANT FINANCIAL BENEFIT CAN BE REALIZED UNTIL THE CONTRACTUAL OBLIGATIONS ARE RELEASED. THE UNIVERSITY ALSO ACTS AS THE FISCAL AGENT FOR FUNDS RELATED TO UNIVERSITY SPONSORED AND/OR AFFILIATED PROGRAMS, AS WELL AS STUDENT GROUPS. THE UNIVERSITY DOES NOT OWN THE FUNDS ASSOCIATED WITH THESE GROUPS. PART V, LINE 4: USE OF ENDOWMENT FUNDS: THE INTENT OF PEPPERDINE UNIVERSITY'S ENDOWMENT FUND IS TO GENERATE REVENUES NECESSARY TO SUPPORT THE UNIVERSITY'S EXEMPT PURPOSE, INCLUDING EDUCATION, RESEARCH, AND SCHOLARSHIP. PART X, LINE 2: LIABILITY FOR UNCERTAIN TAX POSITIONS: AS A NOT-FOR-PROFIT EDUCATIONAL INSTITUTION, THE UNIVERSITY IS EXEMPT FROM FEDERAL AND CALIFORNIA INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE (EXCEPT FOR TAXES ON UNRELATED BUSINESS INCOME). SINCE THE UNIVERSITY'S UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JULY 31, 2023 AND 2022 WAS IMMATERIAL, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: ACTUARIAL ADJUSTMENT OF TRUST OBLIGATIONS 484,704. GROSS-UP WEI TRANSFER -4,820. FUNDRAISING EXP REPORTED AS FUNCTIONAL EXP ON FS 1,333,635. CHANGE IN VALUE OF BENEFICIAL INTEREST -1,643,030. PART XI, LINE 4B - OTHER ADJUSTMENTS: GROSS-UP NON-OPERATING EXP REPORTED NET ON FINANCIALS 153,931. GROSS-UP FINANCIAL AID REPORTED NET ON FINANCIALS 154,694,710. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXP REPORTED NET OF REVENUE ON FORM 990 1,333,635. PART XII, LINE 4B - OTHER ADJUSTMENTS: GROSS-UP NON-OPERATING EXP REPORTED NET ON FINANCIALS 153,931. GROSS-UP WEI TRANSFER 4,820. GROSS-UP FINANCIAL AID REPORTED NET ON FINANCIALS 154,694,710. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 PEPPERDINE UNIVERSITY DISPLAYS A NOTICE OF ITS RACIALLY NONDISCRIMINATORY POLICY ON ITS PRIMARY, PUBLICLY ACCESSIBLE INTERNET HOMEPAGE AT ALL TIMES IN ACCORDANCE WITH REV. PROC. 2019-22. SCHEDULE E, PART I, LINE 6 PEPPERDINE UNIVERSITY IS AWARDED GRANTS FROM GOVERNMENT AGENCIES TO PROVIDE FINANCIAL AID TO STUDENTS. THESE GOVERNMENT AGENCIES INCLUDE, BUT ARE NOT LIMITED TO, THE U.S. DEPARTMENT OF EDUCATION, THE CALIFORNIA STUDENT AID COMMISSION, AND THE CORPORATION FOR NATIONAL AND COMMUNITY SERVICE. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 234141325 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 INVESTMENTS 28601666 EUROPE (INCLUDING ICELAND AND GREENLAND) 4 171 PROGRAM SERVICES EDUCATIONAL PROGRAMS 17437254 SOUTH AMERICA 1 26 PROGRAM SERVICES EDUCATIONAL PROGRAMS 3441522 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES EDUCATIONAL PROGRAMS 296447 SUB-SAHARAN AFRICA 0 27 PROGRAM SERVICES EDUCATIONAL PROGRAMS 344260 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 GRANTMAKING SCHOLARSHIPS / FINANCIAL ASSISTANCE 9178471 SOUTH AMERICA 0 0 GRANTMAKING SCHOLARSHIPS / FINANCIAL ASSISTANCE 2348239 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING SCHOLARSHIPS / FINANCIAL ASSISTANCE 295794 SUB-SAHARAN AFRICA 0 0 GRANTMAKING SCHOLARSHIPS / FINANCIAL ASSISTANCE 417093 5 224 0 0 5 224 295789184 712887 296502071 SCHOLARSHIPS / FINANCIAL ASSISTANCE EUROPE (INCLUDING ICELAND AND GREENLAND) 528 9178471 STUDENT ACCOUNT N/A N/A SCHOLARSHIPS / FINANCIAL ASSISTANCE SOUTH AMERICA 114 2348239 STUDENT ACCOUNT N/A N/A SCHOLARSHIPS / FINANCIAL ASSISTANCE EAST ASIA AND THE PACIFIC 41 295794 STUDENT ACCOUNT N/A N/A SCHOLARSHIPS / FINANCIAL ASSISTANCE SUB-SAHARAN AFRICA 49 417093 STUDENT ACCOUNT N/A N/A 1 0 1 1 1 0 PART I, LINE 2: MONITORING OF FUNDS: PEPPERDINE UNIVERSITY MAINTAINS AN OFFICE OF RESEARCH, GRANTS, AND FOUNDATION RELATIONS THAT OVERSEES THE ADMINISTRATION OF ALL GRANTS, DOMESTIC AND INTERNATIONAL, TO ENSURE COMPLIANCE WITH GRANT REQUIREMENTS, AS WELL AS LAWS AND REGULATIONS. FURTHER OVERSIGHT IS PROVIDED BY THE UNIVERSITY'S FINANCE OFFICE. PART III ACCOUNTING METHOD: PART I, LINE 3(F): ACCOUNTING BASIS: EXPENDITURES IN COLUMN (F) ARE THE REGIONAL EXPENDITURES INCURRED BY THE UNIVERSITY IN U.S. DOLLARS AND BASED ON THE ACCRUAL BASIS OF ACCOUNTING. PART III, COL (C): NUMBER OF RECIPIENTS: THE NUMBER OF RECIPIENTS REPORTED IN COLUMN (C) IS DETERMINED BY REVIEWING THE ACTUAL NUMBER OF STUDENTS THAT RECEIVED AID FOR THE RESPECTIVE REGION. PART III, COL (D): ACCOUNTING BASIS: EXPENDITURES REPORTED IN COLUMN (D) ARE IN U.S. DOLLARS USING THE ACCRUAL BASIS OF ACCOUNTING. X 1 KDD PHILANTHROPY 11324 SHOREPOINTE COURT SAN DIEGO CA 92130 PROVIDE FUNDRAISING TRAINING 0 0 153403 0 INSPIRE 15500 WEST SUNSET BOULEVARD SUITE PACIFIC PALISADES CA 90272 SUPPORT FUNDRAISING EVENTS 0 0 111494 0 PEGGY GRANDE 2216 SAN GORGONIO RD LA CANADA FLINTRIDGE CA 91011 CULTIVATE DONOR RELATIONSHIPS 0 0 96095 0 360992 AL AK AR CA CO CT DC HI KY MD MA MI MO NV NH NC OH OR PA SC UT VA WA WV GOLF TOURNAMENT 573834 371732 202102 2159 331461 ASSOC. DINNER 748650 518100 230550 298956 114250 179901 4 282578 71000 211578 202406 318 204184 1605062 960832 644230 503521 114568 715546 1333635 -689405 1 SCHOLARSHIPS / FINANCIAL AID PAID 6052 142455113 N/A N/A PART I, LINE 2: MONITORING USE OF FUNDS: GRANTS ARE PROVIDED ON THE BASIS OF VERIFIED FINANCIAL NEED OR MERIT. THE UNIVERSITY DOES NOT UNLAWFULLY DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL OR ETHNIC ORIGIN, RELIGION, AGE, SEX, DISABILITY, OR PRIOR MILITARY SERVICE. FINANCIAL ASSISTANCE IS MONITORED SO THAT IT IS IN COMPLIANCE WITH AWARDING TERMS AND CONDITIONS. EXPENDITURES ARE REVIEWED FOR PERMISSIBILITY AND COMPLIANCE. STUDENTS ARE REQUIRED TO SUBMIT APPROPRIATE DOCUMENTS PRIOR TO APPROVAL. PART III, LINE (B) NUMBER OF RECIPIENTS: CASH GRANTS ARE CREDITS TO STUDENT ACCOUNTS. THE NUMBER OF RECIPIENTS REPRESENTS ONLY THE NUMBER OF STUDENTS RECEIVING INSTITUTIONAL FUNDING AND FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS. OUTSIDE GRANTS, OR APPLICATIONS OF FUNDS PROVIDED BY OUTSIDE ORGANIZATIONS, ARE NOT INCLUDED. X X X X X X 1 1 X X X X 0 1 0 0 0 0 0 1 0 JAMES GASH PRESIDENT & CEO 483187 0 290970 0 4425 0 30500 0 309610 0 1118692 0 0 0 LORENZO ROMAR HEAD COACH, BASKETBALL 737390 0 25000 0 9939 0 12200 0 31003 0 815532 0 0 0 JAY BREWSTER PROVOST 336539 0 52000 0 6052 0 25200 0 280254 0 700045 0 0 0 PHIL PHILLIPS EVP FOR ADMINISTRATION & COO 259785 0 54000 0 23134 0 56492 0 188921 0 582332 0 0 0 GARY HANSON SENIOR EVP 407452 0 69000 0 11068 0 23902 0 36382 0 547804 0 0 0 DERYCK JANSE VAN RENSBURG PROFESSOR, GRAZIADIO BUS SCHOOL 457184 0 0 0 7757 0 27386 0 48269 0 540596 0 0 0 PAUL CARON DEAN, CARUSO SCHOOL OF LAW 241463 0 48000 0 29428 0 53081 0 137826 0 509798 0 0 0 SUKHSIMRANJIT SINGH MNGING DIR STRAUS INST, PROF 386586 0 0 0 69045 0 19008 0 24088 0 498727 0 0 0 SARA YOUNG JACKSON CHANCELLOR 324969 0 52000 0 63842 0 30500 0 21875 0 493186 0 0 0 JEFFREY ROHDE CHIEF INVESTMENT OFFICER 328942 0 77185 0 600 0 30500 0 43545 0 480772 0 0 0 MARC GOODMAN GEN COUNS THRU 04/23, V. CHANCELLOR 296419 0 47000 0 60889 0 30128 0 12509 0 446945 0 0 0 SARA COSENTINO VP FOR ADV & CHIEF DEV OFFICER 298367 0 46000 0 3953 0 30500 0 53680 0 432500 0 0 0 LARRY PERRIN SVP STRATEGIC IMPLEMENTATION 305109 0 45000 0 5848 0 30500 0 36817 0 423274 0 0 0 MICHAEL FELTNER DEAN, SEAVER & PROFESSOR 298293 0 34000 0 7269 0 30500 0 50782 0 420844 0 0 0 RICK MARRS PROFESSOR OF RELIGION 143176 0 0 0 31615 0 58508 0 181858 0 415157 0 0 0 EDWARD LARSON DARLING CHAIR IN LAW & PROFESS 287278 0 30000 0 21562 0 29141 0 20670 0 388651 0 0 0 DANIEL DEWALT VP & CHIEF OF STAFF 288707 0 45000 0 3599 0 29277 0 19892 0 386475 0 0 0 GREG RAMIREZ CHIEF FINANCIAL OFFICER 305021 0 45000 0 850 0 30461 0 3796 0 385128 0 0 0 LEE KATS VICE PROVOST 275820 0 33000 0 33172 0 27970 0 11026 0 380988 0 0 0 DAVID SMITH INT DEAN, GRAZ BUS SCHOOL, THRU 10/2 268643 0 0 0 29964 0 26640 0 50177 0 375424 0 0 0 NICOLLE TAYLOR VP AND CHIEF BUSINESS OFFICER 275159 0 45000 0 1185 0 27822 0 17255 0 366421 0 0 0 CONNIE HORTON VP FOR STUDENT AFFAIRS 132531 0 31000 0 27998 0 59047 0 96203 0 346779 0 0 0 JERI-ELAYNE GOOSBY SMITH VP COMM BELONGING & CDO 204863 0 28000 0 66025 0 12350 0 30372 0 341610 0 0 0 HELEN WILLIAMS DEAN, GSEP 89753 0 18000 0 23517 0 48598 0 158453 0 338321 0 0 0 MICHAEL NICKS DIRECTOR OF INVESTMENTS 228229 0 8000 0 1648 0 24142 0 50213 0 312232 0 0 0 RICK GIBSON SV CHANCELLOR 148686 0 0 0 19065 0 48958 0 92775 0 309484 0 0 0 SAMUEL HINKLE SV CHANCELLOR 91889 0 0 0 93306 0 55774 0 66028 0 306997 0 79663 0 DAMON SEAN BURNETT SVP, INTEGRATED MARKETING & CMO 146287 0 25000 0 38076 0 4631 0 86357 0 300351 0 0 0 JONATHAN SEE CHIEF INFORMATION OFFICER 236746 0 0 0 2193 0 24053 0 17608 0 280600 0 0 0 FAYE HOLTON DIRECTOR OF INVESTMENTS 227729 0 8000 0 2827 0 23264 0 18620 0 280440 0 0 0 FARZIN MADJIDI INTERIM DEAN, GSEP 215907 0 0 0 19245 0 19248 0 24120 0 278520 0 0 0 LAURA PONDER CONTROLLER 196539 0 4000 0 13933 0 18103 0 9179 0 241754 0 0 0 MICHAEL THOMAS VP, INTEGRATED MARKETING 148500 0 5000 0 51794 0 0 0 16216 0 221510 0 0 0 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. A CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130179AX2 2015-09-03 87786387 REFUND 2005A & 2005B BONDS 1 0 0 B CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130179FV1 2016-03-17 117753105 REFUND 2010 BONDS, CONSTRUCTION & FACILITIES 1 0 0 C CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY 521705592 130179LU6 2017-12-21 24514680 REFUND 2012 BONDS 0 0 0 A 9510000 59975000 87786387 717742 87068645 2015 1 0 1 1 B 4500000 88690000 117753105 868673 99395549 17488883 2016 0 1 1 1 C 2445000 24514680 298224 24216456 2017 0 1 1 1 A 0 0 0 0 0.00250 0.00250 0 0 1 B 0 0 0 0 0.02610 0.02610 0 0 1 C 0 0 0 0 0.00900 0.00900 0 0 1 A 0 0 1 0 0 0 0 0 1 B 0 0 0 1 0 0 0 1 1 C 0 0 1 0 0 0 0 0 1 A 1 B 1 C 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 03/17/2024 SCHEDULE K, PART I: LINE A, COLUMN (F) - DESCRIPTION OF PURPOSE: REFUND 2005A AND 2005B BONDS ORIGINALLY ISSUED ON 08/03/2005 AND 09/06/2005, RESPECTIVELY. LINE B, COLUMN (F) - DESCRIPTION OF PURPOSE: REFUND 2010 BONDS ORIGINALLY ISSUED ON 04/28/10, AND CONSTRUCTION AND FACILITIES. LINE C, COLUMN (F) - DESCRIPTION OF PURPOSE: REFUND 2012 BONDS ORIGINALLY ISSUED ON 06/05/2012. SCHEDULE K, PART IV, LINE 2C, COLUMN (B) DATE REBATE COMPUTATION WAS PERFORMED: 03/17/2024 MICHAEL NICKS KEY EMPLOYEE RELOCATION X 320000 347058 0 0 1 JEFFREY ROHDE KEY EMPLOYEE RELOCATION X 350000 368114 0 0 1 LARRY PERRIN OFFICER RELOCATION X 100000 103967 0 0 1 DANIEL DEWALT OFFICER RELOCATION X 100000 102247 0 0 1 SARA COSENTINO OFFICER RELOCATION X 100000 102244 0 0 1 DAMON BURNETT OFFICER RELOCATION X 100000 101296 0 0 1 MICHAEL THOMAS OFFICER RELOCATION X 100000 101008 0 0 1 1225934 JEREMY MARRS SON OF FORMER OFFICER 192758 EMPLOYMENT - COMPENSATION & BENEFITS 0 NICOLE MARRS DAUGHTER-IN-LAW OF FORMER OFFICER 172761 EMPLOYMENT - COMPENSATION & BENEFITS 0 JENNIFER AKAMINE PHILLIPS DAUGHTER-IN-LAW OF FORMER REGENT 91290 EMPLOYMENT - COMPENSATION & BENEFITS 0 RONALD PHILLIPS FATHER OF OFFICER 350653 EMPLOYMENT - COMPENSATION & BENEFITS 0 SHANNON PHILLIPS SISTER-IN-LAW OF OFFICER 211266 EMPLOYMENT - COMPENSATION & BENEFITS 0 PHILIP CHO SON-IN-LAW OF OFFICER 118872 EMPLOYMENT - COMPENSATION & BENEFITS 0 AGNES GIBSON SPOUSE OF FORMER OFFICER 96138 EMPLOYMENT - COMPENSATION & BENEFITS 0 STEPHEN BOST SON OF FORMER REGENT 100256 EMPLOYMENT - COMPENSATION & BENEFITS 0 SHARON BEARD SPOUSE OF REGENT 249011 EMPLOYMENT - COMPENSATION & BENEFITS 0 MARK COSENTINO SPOUSE OF OFFICER 111125 EMPLOYMENT - COMPENSATION & BENEFITS 0 SYNONYMOUS ENTITY CONTROLLED BY REGENT'S TRUST 790000 STRATEGIC PLANNING 0 JENNIFER GASH DAUGHTER OF OFFICER 14463 EMPLOYMENT - COMPENSATION & BENEFITS 0 LUCY PERRIN SPOUSE OF OFFICER 50518 EMPLOYMENT - COMPENSATION & BENEFITS 0 X 6 1002005 FAIR MARKET VALUE X 4 RETAIL COST X 345 RETAIL COST X 32 4245431 AVG PRICE/DONATE DAY X 1 100000 FAIR MARKET VALUE X 2 2 RETAIL COST X OTHER 56 76119 RETAIL COST X AIR TRAVEL 2 62972 RETAIL COST X CAR RENTALS 2 3295 RETAIL COST X GIFT CERT 14 2448 RETAIL COST 1 1 0 PART I, LINE 30B: GIFT OF ART AND GIFT OF PARTNERSHIP INTEREST. SCHEDULE M, PART I, COL (B): NUMBER OF CONTRIBUTIONS OR ITEMS CONTRIBUTED: THE UNIVERSITY REPORTS THE NUMBER OF CONTRIBUTIONS RECEIVED, NOT THE INDIVIDUAL NUMBER OF ITEMS INCLUDED IN THOSE CONTRIBUTIONS. FORM 990, PART I, LINE 1: ORGANIZATION'S SIGNIFICANT ACTIVITIES: COMMITTED TO THE HIGHEST STANDARDS OF ACADEMIC EXCELLENCE AND CHRISTIAN VALUES, WHERE STUDENTS ARE STRENGTHENED FOR LIVES OF PURPOSE, SERVICE, AND LEADERSHIP. THE UNIVERSITY ENROLLS APPROXIMATELY 10,000 STUDENTS IN ITS FIVE COLLEGES AND SCHOOLS. SEAVER COLLEGE, THE UNIVERSITY'S UNDERGRADUATE LIBERAL ARTS COLLEGE, THE CARUSO SCHOOL OF LAW, AND THE SCHOOL OF PUBLIC POLICY ARE HEADQUARTERED ON 830 ACRES IN THE SANTA MONICA MOUNTAINS OVERLOOKING THE PACIFIC OCEAN IN MALIBU, CALIFORNIA. THE GRADUATE SCHOOL OF EDUCATION AND PSYCHOLOGY AND THE PEPPERDINE GRAZIADIO BUSINESS SCHOOL ARE HEADQUARTERED AT THE UNIVERSITY'S WEST LOS ANGELES, CALIFORNIA GRADUATE CAMPUS. FORM 990, PART I, LINE 6: NUMBER OF VOLUNTEERS: THERE ARE A NUMBER OF STUDENTS AND ALUMNI THAT VOLUNTEER THEIR TIME FOR VARIOUS PURPOSES AT THE UNIVERSITY. THESE VOLUNTEERS, HOWEVER, ARE NOT FORMALLY TRACKED BY THE UNIVERSITY. ACCORDINGLY, THE NUMBER OF VOLUNTEERS REPRESENTS THE NUMBER OF VOLUNTEER REGENTS ON THE BOARD OF REGENTS AS OF THE END OF THE TAX YEAR. FORM 990, PART III, LINE 1: ORGANIZATION'S MISSION: THE UNIVERSITY ENROLLS APPROXIMATELY 10,000 STUDENTS IN ITS FIVE COLLEGES AND SCHOOLS. SEAVER COLLEGE, THE UNIVERSITY'S UNDERGRADUATE LIBERAL ARTS COLLEGE, THE CARUSO SCHOOL OF LAW, AND THE SCHOOL OF PUBLIC POLICY ARE HEADQUARTERED ON 830 ACRES IN THE SANTA MONICA MOUNTAINS OVERLOOKING THE PACIFIC OCEAN IN MALIBU, CALIFORNIA. THE GRADUATE SCHOOL OF EDUCATION AND PSYCHOLOGY AND THE PEPPERDINE GRAZIADIO BUSINESS SCHOOL ARE HEADQUARTERED AT THE UNIVERSITY'S WEST LOS ANGELES, CALIFORNIA GRADUATE CAMPUS. FORM 990, PART III, LINE 4B: PROGRAM SERVICE ACCOMPLISHMENTS: THE CHATEAU SERVES AS THE UNIVERSITY'S INTERNATIONAL PROGRAM EUROPEAN HEADQUARTERS, AND AS A CENTER FOR INTERNATIONAL CONFERENCES. PEPPERDINE UNIVERSITY BELIEVES IN A LOW STUDENT-FACULTY RATIO (13:1) AND HAS AN AVERAGE CLASS SIZE OF 18. THE UNIVERSITY OFFERS 61 MAJORS THAT UNDERGRADUATES CAN PURSUE, AS WELL AS 34 GRADUATE DEGREES, INCLUDING FIVE DOCTORAL DEGREES. FORM 990, PART V, LINE 2A: NUMBER OF EMPLOYEES: THE NUMBER OF EMPLOYEES INCLUDES STUDENT WORKERS. FORM 990, PART VI, SECTION A, LINE 1A GOVERNING BODY VOTING MEMBERS: THE BOARD OF REGENTS OF PEPPERDINE UNIVERSITY HAS AN EXECUTIVE COMMITTEE, WHICH MAY ACT FOR AND IN PLACE OF THE BOARD OF REGENTS BETWEEN REGULAR BOARD MEETINGS. ONLY REGENTS CAN BE MEMBERS OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE HAS THE POWER TO TRANSACT BUSINESS ON BEHALF OF THE BOARD OF REGENTS, SUBJECT TO ANY LIMITATIONS IMPOSED BY THE BOARD OF REGENTS, THE BYLAWS, OR APPLICABLE LAW. FORM 990, PART VI, SECTION B, LINE 11B PROCESS TO REVIEW FORM 990: INFORMATION IS SUPPLIED BY THE UNIVERSITY TO THE PAID PREPARER TO PREPARE THE RETURN. A DRAFT VERSION OF THE FORM 990 IS PROVIDED TO SENIOR MANAGEMENT AND THE AUDIT COMMITTEE OF THE BOARD OF REGENTS FOR REVIEW. CHANGES AND COMMENTS ARE SUBMITTED TO MANAGEMENT, AND ANY NECESSARY CHANGES ARE MADE PRIOR TO THE FINAL REVIEW AND SIGNING OF THE TAX RETURN. A FULL COPY OF THE FORM 990 IS MADE AVAILABLE TO THE BOARD OF REGENTS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY ENFORCEMENT: EACH REGENT, OFFICER, AND KEY EMPLOYEE IS REQUIRED TO ANNUALLY DISCLOSE, IN WRITING, ANY FINANCIAL OR BUSINESS RELATIONSHIPS THAT HE OR SHE, OR ANY FAMILY MEMBER, HAS WITH PEPPERDINE UNIVERSITY. THE REGENT DISCLOSURES ARE REVIEWED BY THE GOVERNANCE COMMITTEE AND THE BOARD CHAIR. ALL DISCLOSURES BY SENIOR ADMINISTRATION ARE REVIEWED BY THE AUDIT COMMITTEE. SENIOR ADMINISTRATION INCLUDES THE PRESIDENT, THE CHANCELLOR, THE VICE CHANCELLORS, ALL PROVOSTS, ALL VICE PRESIDENTS, THE GENERAL COUNSEL, THE CHIEF FINANCIAL OFFICER, AND THE CONTROLLER. ALL OTHER EMPLOYEE DISCLOSURES ARE REVIEWED BY GENERAL COUNSEL, THE SENIOR EXECUTIVE VICE PRESIDENT, AND THE PRESIDENT. ALL CONFLICT SITUATIONS ARE RESOLVED DURING THE REVIEW PROCESS IN ACCORDANCE WITH THE UNIVERSITY'S CONFLICT OF INTEREST POLICY. IF AN ACTUAL CONFLICT IS FOUND FOR A REGENT, THE REGENT IS ASKED TO RECUSE HIM OR HERSELF FROM THE MATTER. RESOLUTION OF CONFLICTS FOR SENIOR ADMINISTRATORS AND OTHER EMPLOYEES ARE OVERSEEN BY GENERAL COUNSEL. FORM 990, PART VI, SECTION B, LINE 15 PRESIDENT & CEO COMPENSATION: THE GOVERNANCE COMMITTEE OF PEPPERDINE UNIVERSITY'S BOARD OF REGENTS REVIEWS THE TOTAL COMPENSATION FOR THE PRESIDENT AND CHIEF EXECUTIVE OFFICER ON AN ANNUAL BASIS. THE INDIVIDUALS ON THE GOVERNANCE COMMITTEE THAT CONDUCT THIS REVIEW ARE INDEPENDENT WITH RESPECT TO COMPENSATION DETERMINATIONS. THIS REVIEW INCLUDES CONSIDERATION OF A BENCHMARKING REPORT PROVIDED ANNUALLY BY THE UNIVERSITY'S HUMAN RESOURCES DEPARTMENT. IN ADDITION TO THE ANNUAL BENCHMARKING REPORT, THE UNIVERSITY REGULARLY REVIEWS BENCHMARKING PRACTICES BY UNDERGOING AN EVALUATION WITH A THIRD PARTY. THE UNIVERSITY'S MOST RECENT EXECUTIVE COMPENSATION ANALYSIS CONDUCTED BY AN EXTERNAL CONSULTANT WAS COMPLETED DURING FISCAL YEAR 2024. THE ANALYSIS INCLUDED A PEER GROUP EVALUATION FOR TOTAL COMPENSATION, AS WELL AS A REVIEW OF ANNUAL MERIT INCREASES. ANY DELIBERATIONS FROM THE GOVERNANCE COMMITTEE ARE REFLECTED IN A TRANSACTION REPORT THAT SUMMARIZES DECISIONS AND RECOMMENDATIONS. OTHER OFFICER & KEY EMPLOYEE COMPENSATION: THE GOVERNANCE COMMITTEE OF PEPPERDINE UNIVERSITY'S BOARD OF REGENTS REVIEWS THE TOTAL COMPENSATION FOR SELECT SENIOR ADMINISTRATORS, ON AN ANNUAL BASIS. THE INDIVIDUALS ON THE GOVERNANCE COMMITTEE THAT CONDUCT THIS REVIEW ARE INDEPENDENT WITH RESPECT TO COMPENSATION DETERMINATIONS. THIS REVIEW INCLUDES CONSIDERATION OF A BENCHMARKING REPORT PROVIDED ANNUALLY BY THE UNIVERSITY'S HUMAN RESOURCES DEPARTMENT. IN ADDITION TO THE ANNUAL BENCHMARKING REPORT, THE UNIVERSITY REGULARLY REVIEWS BENCHMARKING PRACTICES BY UNDERGOING AN EVALUATION WITH A THIRD PARTY. THE UNIVERSITY'S MOST RECENT EXECUTIVE COMPENSATION ANALYSIS CONDUCTED BY AN EXTERNAL CONSULTANT WAS COMPLETED DURING FISCAL YEAR 2024. THE ANALYSIS INCLUDED A PEER GROUP EVALUATION FOR TOTAL COMPENSATION, AS WELL AS A REVIEW OF ANNUAL MERIT INCREASES. ANY DELIBERATIONS FROM THE GOVERNANCE COMMITTEE ARE REFLECTED IN A TRANSACTION REPORT THAT SUMMARIZES DECISIONS AND RECOMMENDATIONS. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS AVAILABLE FOR PUBLIC INSPECTION: PEPPERDINE UNIVERSITY'S FINANCIAL STATEMENTS ARE MADE AVAILABLE VIA THE UNIVERSITY'S WEBSITE. THE UNIVERSITY DOES NOT MAKE ITS CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 11G REVENUE SHARE EXPENSES: PROGRAM SERVICE EXPENSES 65,746,752. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 65,746,752. CATERING SERVICES: PROGRAM SERVICE EXPENSES 1,206,241. MANAGEMENT AND GENERAL EXPENSES 2,646,301. FUNDRAISING EXPENSES 68,473. TOTAL EXPENSES 3,921,015. OUTSIDE SERVICES MISC.: PROGRAM SERVICE EXPENSES 3,642,532. MANAGEMENT AND GENERAL EXPENSES -79,552. FUNDRAISING EXPENSES 205,168. TOTAL EXPENSES 3,768,148. CONSULTING SERVICES: PROGRAM SERVICE EXPENSES 3,138,269. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES -219,482. TOTAL EXPENSES 2,918,787. OTHER SERVICES: PROGRAM SERVICE EXPENSES 2,515,705. MANAGEMENT AND GENERAL EXPENSES 1,122,124. FUNDRAISING EXPENSES 5,959. TOTAL EXPENSES 3,643,788. FORM 990, PART XI, LINE 9: ACTUARIAL ADJUSTMENT 484,704. LOSS ON VALUATION OF BENEFICIAL INTEREST -1,643,030. 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