2025-06-05T16:58:51-05:00 2024-07-31 135565207 KPMG LLP 550 SOUTH HOPE STREET SUITE 1500 LOS ANGELES CA 90071 990 2023-08-01 951644037 PEPPERDINE UNIVERSITY PEPP 8187021364 24255 PACIFIC COAST HWY MALIBU CA 902634497 GREG G RAMIREZ CHIEF FINANCIAL OFFICER 8187021364 2025-06-04 1 0 DAVID M HIGHFILL P01517891 2139724000 2025-06-03 2023 2025-03-06 01:10:19Z JAMES A GASH 24255 PACIFIC COAST HWY MALIBU CA 902634497 1011633504 0 X WWW.PEPPERDINE.EDU X 1937 CA PEPPERDINE UNIVERSITY IS A CHRISTIAN UNIVERSITY (CONTINUED SCHEDULE O). 20 18 5165 22 17641966 1049227 44076355 31484848 562162816 563918646 80027524 92081374 13546440 17999788 699813135 705484656 154709004 151139601 0 0 237412317 249636516 360992 459563 8973422 256957783 263499285 649440096 664734965 50373039 40749691 2474830926 2610614882 762324037 756550821 1712506889 1854064061 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 230250328 150615275 61621063 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 86% OF ITS TOTAL STUDENT BODY FINANCIAL AID IN THE FORM OF VARIOUS SCHOLARSHIPS, GRANTS, AND LOANS. 136491340 283690 1014638 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. 121726825 228040 501167045 INSTRUCTION AND RESEARCH - PEPPERDINE UNIVERSITY IS A TOP CHRISTIAN INSTITUTION FOR HIGHER EDUCATION, AND SERVES APPROXIMATELY 3,600 UNDERGRADUATE STUDENTS AND 5,900 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. PEPPERDINE UNIVERSITY BELIEVES IN A LOW STUDENT-FACULTY RATIO (13:1) AND HAS AN AVERAGE CLASS SIZE OF 18. THE UNIVERSITY OFFERS 43 MAJORS THAT UNDERGRADUATES CAN PURSUE, AS WELL AS 38 GRADUATE DEGREES, INCLUDING SEVEN DOCTORAL DEGREES. 25677949 12596 202373 PUBLIC SERVICE - THE UNIVERSITY OFFERS NUMEROUS SERVICES TO THE GENERAL PUBLIC, INCLUDING ART EXHIBITS, CONCERTS, PRODUCTIONS, AND OTHER PUBLIC BENEFIT ACTIVITIES. 25677949 12596 202373 514146442 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 14226 0 1 5165 1 1 1 1 AR GM IT SZ UK RW 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 20 18 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 793965 0 407584 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 ALAN BEARD REGENT 1.00 0.00 X 0 0 0 EDWIN BIGGERS REGENT THRU 03/24 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 0.00 X X 0 0 0 KIMBERLY LINDLEY REGENT 1.00 0.00 X 0 0 0 FAYE WILLIAMS CRADDOLPH REGENT THRU 09/23 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 ERIC WOLFORD REGENT 1.00 0.00 X 0 0 0 R CHARLES WALKER JR REGENT 1.00 0.00 X 0 0 0 CICELY SIMPSON REGENT THRU 06/24 1.00 0.00 X 0 0 0 ANNA MERGELE REGENT AS OF 06/24 1.00 0.00 X 0 0 0 GARY HANSON SENIOR EVP 40.00 0.00 X 518684 0 68688 DAMON SEAN BURNETT SVP, INTEGRATED MARKETING & CMO 40.00 0.00 X 279554 0 137391 PHIL PHILLIPS EXEC. VICE PRESIDENT 40.00 0.00 X 420568 0 233641 GREG RAMIREZ CHIEF FINANCIAL OFFICER 40.00 1.00 X 383929 0 36892 CONNIE HORTON VP FOR STUDENT AFFAIRS 40.00 0.00 X 199967 0 161133 SARA YOUNG JACKSON CHANCELLOR 40.00 0.00 X 470952 0 55144 SARA COSENTINO VP FOR ADV & CHIEF DEV OFFICER 40.00 1.00 X 356844 0 84664 DANIEL DEWALT VP & CHIEF OF STAFF 40.00 2.00 X 364776 0 66421 LARRY PERRIN SVP STRATEGIC IMPLEMENTATION 40.00 0.00 X 371354 0 68468 NICOLLE TAYLOR SENIOR VP, COO 40.00 1.00 X 356640 0 49666 JERI-ELAYNE GOOSBY SMITH VP COMM BELONGING & CDO 40.00 0.00 X 271801 0 34963 JAY BREWSTER PROVOST 40.00 0.00 X 432576 0 460255 MICHAEL THOMAS VP, INTEGRATED MARKETING 40.00 0.00 X 246804 0 42782 BEN VEENENDAAL VP PLANNING, OPS & CONST FROM 07/24 40.00 0.00 X 210651 0 55559 TIMOTHY SPIVEY VP SPIRITUAL LIFE FROM 11/23 40.00 0.00 X 165610 0 77335 LEE KATS INTERIM DEAN, SEAVER 40.00 0.00 X 370870 0 40533 FAYE HOLTON DIRECTOR OF INVESTMENTS 35.00 6.00 X 248721 0 44320 JEFFREY ROHDE CHIEF INVESTMENT OFFICER 40.00 2.00 X 401813 0 78755 JONATHAN SEE CHIEF INFORMATION OFFICER 40.00 0.00 X 242905 0 52798 FARZIN MADJIDI DEAN, GSEP 40.00 0.00 X 335294 0 46856 DEBORAH CROWN DEAN OF PGBS 40.00 0.00 X 451779 0 27407 LILA MCDOWELL CARLSEN INTERIM VICE PROVOST & PROFESSOR 40.00 0.00 X 176554 0 40009 KATELYN CROWE CONTROLLER 40.00 0.00 X 219915 0 21990 MICHAEL NICKS DIRECTOR OF INVESTMENTS 40.00 0.00 X 249164 0 77136 LORENZO ROMAR HEAD COACH, BASKETBALL 40.00 0.00 X 801490 0 44083 DERYCK JANSE VAN RENSBURG PROFESSOR, GRAZIADIO BUS SCHOOL 40.00 0.00 X 396428 0 85951 EDWARD LARSON DARLING CHAIR IN LAW & PROF 40.00 0.00 X 354280 0 50328 SUKHSIMRANJIT SINGH MNGING DIR STRAUS INST, PROF 40.00 0.00 X 405225 0 46870 KIRON SKINNER PROFESSOR, SCHOOL OF PUBLIC POLICY 40.00 0.00 X 489171 0 33910 RICK GIBSON SV CHANCELLOR 40.00 0.00 X 170603 0 145222 MICHAEL FELTNER DEAN OF COLLEGE OF HEALTH SCIENCE 40.00 0.00 X 364196 0 84399 DAVID SMITH SENIOR ASSOCIATE PROVOST 40.00 0.00 X 298231 0 80006 PAUL CARON DEAN, CARUSO SCHOOL OF LAW 40.00 0.00 X 342929 0 197621 12164243 0 3238780 510 1 1 0 2U INC 7900 HARKINS ROAD LANHAM MD 20706 E-LEARNING 67990412 CLARK CONSTRUCTION GROUP - CA LP 18201 VON KARMAN STE 800 IRVINE CA 92612 CONSTRUCTION 23606131 BON APPETIT MANAGEMENT COMPANY PO BOX 50196 LOS ANGELES CA 900740196 CATERING 11901564 THE PENTA BUILDING GROUP LLC 181 E WARM SPRINGS ROAD LAS VEGAS NV 89119 CONSTRUCTION 10296736 PERKINS & WILL INC PO BOX 71181 CHICAGO IL 606941181 CONSULTING 2891763 149 1386953 7953 5287365 24802577 5790522 31484848 STUDENT TUITION & FEES 611710 507785567 507785567 ROOM AND BOARD 611710 49847099 49847099 OTHER REVENUE 611710 4053052 4053052 SALES AND SERVICES 611710 2232928 2232928 563918646 34739040 7310832 27428208 1065509 0 1065509 1065509 86473 106974 872062 361907906 304565572 57342334 57342334 6246772 51095562 714596 1386953 1583274 -868678 -868678 2370 2 2368 2368 SALES AND SERVICES 900099 12657680 3878368 8779312 OTHER REVENUE 900099 5142909 99020 5043889 17800589 705484656 564005119 17641966 92352723 X 9571 9571 139069817 139069817 12060213 12060213 10362205 2690098 6026508 1645599 3870516 2703598 751504 415414 181314789 132965134 44232854 4116801 12300522 8730383 3317744 252395 28525827 23676487 3944812 904528 13262657 9068044 3823754 370859 1723546 201147 1522399 1040371 34111 1006260 35366 35366 459563 459563 7202395 7202395 78851506 74663309 4188197 8193423 1245797 6857387 90239 11634811 5414925 6026615 193271 8445400 2969108 5473647 2645 14349366 10074818 4274548 13306673 9609347 3542712 154614 4783694 3190005 1570168 23521 17902790 14621771 3209521 71498 31329166 25406221 5798710 124235 6229449 179546 6049843 60 CONSTRUCTION & EQUIP 11760031 2480958 9276702 2371 STUDENT MEALS 11113860 1154527 9957820 1513 EQUIPMENT RENTAL & MAIN 4748094 2042027 2696030 10037 LIBRARY EXPENSES 1898860 1893394 5466 28950484 27992086 824139 134259 664734965 514146442 141615101 8973422 7672132 17393175 114376298 71998121 47298162 43656073 12105061 19235283 1225934 1390151 5792400 6698126 11433597 9904686 980664490 327268856 574043745 653395634 523282503 569315138 897329026 933278724 12601614 11873325 267670454 272476446 2474830926 2610614882 51477405 54288345 29535598 29050325 34869223 29963639 29091630 31511434 617350181 611737078 762324037 756550821 X 1008364317 1071683429 704142572 782380632 1712506889 1854064061 2474830926 2610614882 X 40749691 73950218 26857263 X 0 1 X 1 1 1 X 55834209 67242887 71538193 44076355 31484848 270176492 55834209 67242887 71538193 44076355 31484848 270176492 1487600 268688892 29452634 79329098 21255394 33571510 28300271 191908907 538255 4400240 1172617 3663030 9774142 9994544 2303956 6819913 10629356 14540167 44287936 516147477 2596383300 0.52060 0.50570 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING EVENTS GAMING - 2019 AMOUNT: $ 397,936. 2020 AMOUNT: $ 103,145. 2021 AMOUNT: $ 377,142. 2022 AMOUNT: $ 644,230. 2023 AMOUNT: $ 714,596. GAIN ON EXTINGUISHMENT OF DEBT - 2019 AMOUNT: $ 1,076,454. OTHER INCOME - 2019 AMOUNT: $ 5,806,779. 2020 AMOUNT: $ 115,661. 2021 AMOUNT: $ 3,184,968. 2022 AMOUNT: $ 5,331,127. 2023 AMOUNT: $ 5,043,889. SALES AND SERVICES - 2019 AMOUNT: $ 1,917,076. 2020 AMOUNT: $ 1,447,201. 2021 AMOUNT: $ 3,254,943. 2022 AMOUNT: $ 4,652,279. 2023 AMOUNT: $ 8,779,312. GAMING INCOME - 2019 AMOUNT: $ 3,120. 2020 AMOUNT: $ 4,960. 2021 AMOUNT: $ 2,860. 2022 AMOUNT: $ 1,720. 2023 AMOUNT: $ 2,370. INSURANCE SETTLEMENT - 2019 AMOUNT: $ 793,179. 2020 AMOUNT: $ 632,989. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 2526 0 0 1 32840 35366 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 210776 1529155 1 1 11100844 X X X 0 0 1 X 1218871505 16300465 140901535 17517115 39525347 1319031044 1200868391 27297369 48419708 16825278 40888685 1218871505 1145290820 87393092 21517845 16113915 37219451 1200868391 908307875 23371272 273594646 15474077 44508896 1145290820 917551019 53457004 -15420363 15036229 32243556 908307875 0.56133 0.33019 0.10848 1 1 1 24719804 24719804 23374455 851109152 305701791 568781816 61164367 21243349 39921018 20296712 323716 19972996 653395634 ALTERNATIVE INVESTMENTS 930617656 F LIMITED PARTNERSHIPS 1278206 F OTHER INVESTMENTS 676130 F CASH & CASH EQUIV. INVESTMENTS 706732 C 933278724 ASSETS HELD AS TRUSTEE 66527135 INVESTMENTS IN SUBSIDIARIES 96193638 ASSETS UNDER AGENCY AGREEMENTS 70782444 RIGHT OF USE ASSETS 38973229 272476446 U.S. GOVERNMENT STUDENT LOANS 2033580 TAXABLE BOND LIABILITIES 564000340 LEASE LIABILITY 45703158 611737078 X 649542986 73950218 28440537 102390755 547152231 7202395 151130030 158332425 705484656 507985814 1583274 1583274 506402540 7202395 151130030 158332425 664734965 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, 2024 AND 2023 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 -270,910. FUNDRAISING EXP REPORTED AS FUNCTIONNAL EXP ON FS 1,583,274. ANNUITY FUNDS FROM WSI 16,900,000. TRUST MATURITIES FROM WSI 7,904,095. CHANGE IN VALUE OF BENEFICIAL INTEREST 2,324,078. PART XI, LINE 4B - OTHER ADJUSTMENTS: GROSS-UP FINANCIAL AID REPORTED NET ON FINANCIALS 151,130,030. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXP REPORTED NET OF REVENUE ON FORM 990 1,583,274. PART XII, LINE 4B - OTHER ADJUSTMENTS: GROSS-UP FINANCIAL AID REPORTED NET ON FINANCIALS 151,130,030. 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 246829447 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 INVESTMENTS 31673877 EUROPE (INCLUDING ICELAND AND GREENLAND) 4 168 PROGRAM SERVICES EDUCATIONAL PROGRAMS 20665806 SOUTH AMERICA 1 27 PROGRAM SERVICES EDUCATIONAL PROGRAMS 4007627 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES EDUCATIONAL PROGRAMS 305910 SUB-SAHARAN AFRICA 0 31 PROGRAM SERVICES EDUCATIONAL PROGRAMS 411489 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 GRANTMAKING SCHOLARSHIPS / FINANCIAL ASSISTANCE 9292325 SOUTH AMERICA 0 0 GRANTMAKING SCHOLARSHIPS / FINANCIAL ASSISTANCE 2429470 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING SCHOLARSHIPS / FINANCIAL ASSISTANCE 338418 5 226 0 0 5 226 315615951 338418 315954369 SCHOLARSHIPS / FINANCIAL ASSISTANCE EUROPE (INCLUDING ICELAND AND GREENLAND) 509 9292325 STUDENT ACCOUNT N/A N/A SCHOLARSHIPS / FINANCIAL ASSISTANCE SOUTH AMERICA 120 2429470 STUDENT ACCOUNT N/A N/A SCHOLARSHIPS / FINANCIAL ASSISTANCE EAST ASIA AND THE PACIFIC 46 338418 STUDENT ACCOUNT N/A N/A 1 0 1 1 1 1 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 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 JIM LANGLEY 201 E PATRICK ST FREDERICK MD 21702 SUPPORT FUNDRAISING EVENTS AND PROVIDE TRAINING 0 0 24000 0 JIMMY DUNNE-INSPIRE 15500 WEST SUNSET BOULEVARD STE 10 PACIFIC PALISADES CA 90272 SUPPORT FUNDRAISING EVENTS 0 0 66664 0 KATHY DUFF-KDD PHILANTHROPY 11324 SHOREPOINTE COURT SAN DIEGO CA 92130 PROVIDE FUNDRAISING TRAINING 0 0 175813 0 ZURI GROUP 328 NW BOND STREET BEND OR 97701 FUNDRAISING DATA WAREHOUSE/CRM SUPPORT 0 0 68956 0 DOUG CORBIN 44 DORNOCH WAY TRABUCO CANYON CA 92679 NETWORKING/STRATEGIC INTRODUCTIONS 0 0 23955 0 THE DTX COMPANY FLOWCODE 233 SPRING STREET WEST 3RD FL NEW YORK NY 10013 QR CODE PLATFORM 0 0 6000 0 BRYANT GROUP 511 EAST JOHN CARPENTER FREEWAY ST IRVING TX 75062 EXECUTIVE SEARCH FIRM 0 0 65016 0 VANILLASOFT 4965 PRESTON PARK BLVD 850 PLANO TX 75093 CALL CENTER SUPPORT 0 0 29159 0 459563 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 426761 196077 230684 458 326263 LAW DINNER 852950 741550 111400 242770 10009 107414 6 821838 449326 372512 335574 560786 2101549 1386953 714596 578802 10009 994463 1583274 -868678 1 SCHOLARSHIPS / FINANCIAL AID PAID 6095 139069817 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 0 0 0 0 0 0 1 0 JAMES GASH PRESIDENT & CEO 526673 0 262350 0 4942 0 35000 0 372584 0 1201549 0 0 0 JAY BREWSTER PROVOST 371252 0 55000 0 6324 0 27171 0 433084 0 892831 0 0 0 LORENZO ROMAR HEAD COACH, BASKETBALL 762012 0 25000 0 14478 0 13200 0 30883 0 845573 0 0 0 PHIL PHILLIPS EXEC. VICE PRESIDENT 321338 0 77000 0 22230 0 63000 0 170641 0 654209 0 0 0 GARY HANSON SENIOR EVP 429385 0 77000 0 12299 0 33000 0 35688 0 587372 0 0 0 PAUL CARON DEAN, CARUSO SCHOOL OF LAW 259912 0 54000 0 29017 0 59950 0 137671 0 540550 0 0 0 SARA YOUNG JACKSON CHANCELLOR 343593 0 58000 0 69359 0 33000 0 22144 0 526096 0 0 0 KIRON SKINNER PROFESSOR, SCHOOL OF PUBLIC POLICY 293452 0 0 0 195719 0 12688 0 21222 0 523081 0 0 0 DERYCK JANSE VAN RENSBURG PROFESSOR, GRAZIADIO BUS SCHOOL 389910 0 0 0 6518 0 26288 0 59663 0 482379 0 0 0 JEFFREY ROHDE CHIEF INVESTMENT OFFICER 349094 0 52000 0 719 0 33000 0 45755 0 480568 0 0 0 DEBORAH CROWN DEAN OF PGBS 356244 0 40000 0 55535 0 7800 0 19607 0 479186 0 0 0 SUKHSIMRANJIT SINGH MNGING DIR STRAUS INST, PROF 199163 0 0 0 206062 0 20338 0 26532 0 452095 0 0 0 MICHAEL FELTNER DEAN OF COLLEGE OF HEALTH SCIENCE 317394 0 42000 0 4802 0 33083 0 51316 0 448595 0 0 0 SARA COSENTINO VP FOR ADV & CHIEF DEV OFFICER 316766 0 39000 0 1078 0 31700 0 52964 0 441508 0 0 0 LARRY PERRIN SVP STRATEGIC IMPLEMENTATION 322610 0 44000 0 4744 0 33000 0 35468 0 439822 0 0 0 DANIEL DEWALT VP & CHIEF OF STAFF 310262 0 50000 0 4514 0 31770 0 34651 0 431197 0 0 0 GREG RAMIREZ CHIEF FINANCIAL OFFICER 332217 0 51000 0 712 0 33000 0 3892 0 420821 0 0 0 DAMON SEAN BURNETT SVP, INTEGRATED MARKETING & CMO 214581 0 47000 0 17973 0 27842 0 109549 0 416945 0 0 0 LEE KATS INTERIM DEAN, SEAVER 292624 0 38000 0 40246 0 29448 0 11085 0 411403 0 0 0 NICOLLE TAYLOR SENIOR VP, COO 307343 0 48000 0 1297 0 31207 0 18459 0 406306 0 0 0 EDWARD LARSON DARLING CHAIR IN LAW & PROF 292206 0 5000 0 57074 0 29641 0 20687 0 404608 0 0 0 FARZIN MADJIDI DEAN, GSEP 244324 0 60000 0 30970 0 23169 0 23687 0 382150 0 0 0 DAVID SMITH SENIOR ASSOCIATE PROVOST 283076 0 0 0 15155 0 29647 0 50359 0 378237 0 0 0 CONNIE HORTON VP FOR STUDENT AFFAIRS 145637 0 30000 0 24330 0 63193 0 97940 0 361100 0 0 0 MICHAEL NICKS DIRECTOR OF INVESTMENTS 238857 0 8000 0 2307 0 25358 0 51778 0 326300 0 0 0 RICK GIBSON SV CHANCELLOR 153238 0 0 0 17365 0 51500 0 93722 0 315825 0 0 0 JERI-ELAYNE GOOSBY SMITH VP COMM BELONGING & CDO 229036 0 30000 0 12765 0 13592 0 21371 0 306764 0 0 0 JONATHAN SEE CHIEF INFORMATION OFFICER 240629 0 0 0 2276 0 25099 0 27699 0 295703 0 0 0 FAYE HOLTON DIRECTOR OF INVESTMENTS 237315 0 8000 0 3406 0 24374 0 19946 0 293041 0 0 0 MICHAEL THOMAS VP, INTEGRATED MARKETING 238788 0 7500 0 516 0 14450 0 28332 0 289586 0 0 0 BEN VEENENDAAL VP PLANNING, OPS & CONST FROM 07/24 202732 0 7000 0 919 0 17847 0 37712 0 266210 0 0 0 TIMOTHY SPIVEY VP SPIRITUAL LIFE FROM 11/23 104593 0 10000 0 51017 0 5646 0 71689 0 242945 0 0 0 KATELYN CROWE CONTROLLER 209750 0 10000 0 165 0 20975 0 1015 0 241905 0 0 0 LILA MCDOWELL CARLSEN INTERIM VICE PROVOST & PROFESSOR 169097 0 0 0 7457 0 12958 0 27051 0 216563 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. SEVEN OFFICERS AND TWO KEY EMPLOYEES LISTED ON FORM 990, PART VII FLEW FIRST CLASS FOR BUSINESS PURPOSES DURING CALENDAR YEAR 2023. 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. EIGHT OFFICERS, TWO KEY EMPLOYEES AND TWO FORMER OFFICERS LISTED ON FORM 990, PART VII WERE PROVIDED WITH COMPANION TRAVEL FOR BUSINESS PURPOSES DURING CALENDAR YEAR 2023. 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. SIX OFFICERS, TWO FORMER OFFICERS, ONE KEY EMPLOYEE, ONE FORMER KEY EMPLOYEE AND ONE HIGHEST PAID INDIVIDUAL LISTED ON FORM 990, PART VII WERE PROVIDED WITH TAX INDEMNIFICATION OR GROSS-UP PAYMENTS DURING CALENDAR YEAR 2023. 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. FOUR OFFICERS, TWO FORMER OFFICERS, AND ONE FORMER KEY EMPLOYEES LISTED ON FORM 990, PART VII WERE PROVIDED A MINISTERIAL HOUSING ALLOWANCE DURING CALENDAR YEAR 2023. 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 2023. 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 2023. PERSONAL SERVICES: EXPENDITURES FOR BUSINESS PURPOSES ARE APPROVED PURSUANT TO THE UNIVERSITY'S REIMBURSEMENT POLICIES. SUCH REIMBURSEMENTS ARE NOT INCLUDED IN TAXABLE WAGES. NINE OFFICERS, TWO HIGHEST PAID EMPLOYEES AND ONE FORMER KEY EMPLOYEE WERE PROVIDED CAR SERVICES FOR BUSINESS RELATED TRANSPORTATION DURING CALENDAR YEAR 2023. SIX OFFICERS WERE PROVIDED LAUNDRY SERVICES AND ONE OFFICER WAS PROVIDED LUGGAGE SERVICES IN CONNECTION WITH BUSINESS RELATED TRAVEL DURING CALENDAR YEAR 2023. ONE OFFICER HAD ARRANGED FOR TOUR SERVICES WHILE TRAVELING. ONE OFFICER HAD ARRANGED FOR PLUMBING SERVICES TO MAKE REPAIRS PRIOR TO AN EVENT. 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. 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 11130000 59975000 87786387 717742 87068645 2015 1 0 1 1 B 5740000 88690000 117753105 868673 99395549 17488883 2016 0 1 1 1 C 3750000 24514680 298224 24728000 2017 0 1 1 1 A 0 0 0 0 0.00000 0.00340 0.00340 0 0 1 B 0 0 0 0 0.00000 0.03320 0.03320 0 0 1 C 0 0 0 0 0.00000 0.01000 0.01000 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 350311 0 0 1 JEFFREY ROHDE KEY EMPLOYEE RELOCATION X 350000 371623 0 0 1 LARRY PERRIN OFFICER RELOCATION X 100000 104970 0 0 1 DANIEL DEWALT OFFICER RELOCATION X 100000 103249 0 0 1 SARA COSENTINO OFFICER RELOCATION X 100000 103247 0 0 1 DAMON BURNETT OFFICER RELOCATION X 100000 102299 0 0 1 MICHAEL THOMAS OFFICER RELOCATION X 100000 102011 0 0 1 DEBORAH CROWN KEY EMPLOYEE RELOCATION X 150000 152441 0 0 1 1390151 RONALD PHILLIPS FATHER OF OFFICER 379693 EMPLOYMENT - COMPENSATION & BENEFITS 0 SHANNON PHILLIPS SISTER-IN-LAW OF OFFICER 229114 EMPLOYMENT - COMPENSATION & BENEFITS 0 PHILIP CHO SON-IN-LAW OF OFFICER 131771 EMPLOYMENT - COMPENSATION & BENEFITS 0 AGNES GIBSON SPOUSE OF FORMER OFFICER 116464 EMPLOYMENT - COMPENSATION & BENEFITS 0 LUCY PERRIN SPOUSE OF OFFICER 65652 EMPLOYMENT - COMPENSATION & BENEFITS 0 SHARON BEARD SPOUSE OF REGENT 336393 EMPLOYMENT - COMPENSATION & BENEFITS 0 MARK COSENTINO SPOUSE OF OFFICER 130508 EMPLOYMENT - COMPENSATION & BENEFITS 0 GEORGE CARLSEN SPOUSE OF KEY EMPLOYEE 188496 EMPLOYMENT - COMPENSATION & BENEFITS 0 KAMERON VEENENDAAL SPOUSE OF OFFICER 56025 EMPLOYMENT - COMPENSATION & BENEFITS 0 X 1 1 FAIR MARKET VALUE X 5 RETAIL COST X 7 RETAIL COST X 32 4484536 AVG PRICE/DONATE DAY X 1 1215813 FAIR MARKET VALUE X 2 2 RETAIL COST X 1 1 RETAIL COST X OTHER 62 90157 RETAIL COST 1 0 1 0 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 9,500 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 9,500 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 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 65,688,507. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 65,688,507. CATERING SERVICES: PROGRAM SERVICE EXPENSES 1,419,440. MANAGEMENT AND GENERAL EXPENSES 3,532,471. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,951,911. OUTSIDE SERVICES MISC.: PROGRAM SERVICE EXPENSES 3,924,931. MANAGEMENT AND GENERAL EXPENSES -157,086. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,767,845. CONSULTING SERVICES: PROGRAM SERVICE EXPENSES 1,334,846. MANAGEMENT AND GENERAL EXPENSES -345,400. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 989,446. OTHER SERVICES: PROGRAM SERVICE EXPENSES 2,295,585. MANAGEMENT AND GENERAL EXPENSES 1,158,212. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,453,797. FORM 990, PART XI, LINE 9: ACTUARIAL ADJUSTMENT -270,910. GAIN ON VALUATION OF BENEFICIAL INTEREST 2,324,078. ANNUITY FUNDS + TRUST MATURITIES TRANSFERRED FROM WAVE SERVICES, INC. 24,804,095. 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