2025-06-06T12:51:22-05:00 2024-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2023-07-01 237227990 BROOKLYN LAW SCHOOL BROO 7186252200 250 JORALEMON ST BROOKLYN NY 112013700 SHOSHANNA M CAMPBELL VP OF FINANCE 7186252200 2025-06-04 1 1 X KERRI N BOGDA CPA P00760402 7177404863 2025-06-04 2023 2025-03-06 01:10:19Z X DAVID D MEYER 250 JORALEMON ST BROOKLYN NY 112013700 126314551 0 X WWW.BROOKLAW.EDU X 1901 NY TO PROVIDE STUDENTS WITH THE KNOWLEDGE, SKILLS, ETHICAL VALUES NEEDED FOR A CAREER IN LAW. 18 18 928 950 310827 284748 3640758 5318640 76713331 77946957 6300400 3006503 5004349 4106652 91658838 90378752 36516927 36746556 0 0 36687544 36601609 0 0 2264075 21416383 21921217 94620854 95269382 -2962016 -4890630 365182265 369925143 83125304 68757377 282056961 301167766 X SEE SCHEDULE O FOR COMPLETE NARRATIVE 0 0 74765133 36746556 78105090 THE EDUCATION OF STUDENTS IN PREPARATION FOR THE LEGAL PROFESSION. IN THE FALL OF ACADEMIC YEAR 2023/2024, ENROLLMENT WAS APPROXIMATELY 1,174. 74765133 1 1 0 1 0 0 0 1 0 1 1 1 0 1 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1667 0 928 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X SHOSHANNA M CAMPBELL 7186252200 250 JORALEMON ST BROOKLYN NY 112013700 X FRANCIS J AQUILA ESQ CHAIRPERSON OF THE BOARD OF TRUSTEES 1.00 0.00 X X 0 0 0 HON CLAIRE R KELLY VICE CHAIRPERSON OF THE BOARD OF TRUSTEES 1.00 0.00 X X 0 0 0 WANDA DENSON-LOW TRUSTEE 1.00 0.00 X 0 0 0 JEFFREY D FORCHELLI ESQ TRUSTEE 1.00 0.00 X 0 0 0 ALPHONZO GRANT ESQ TRUSTEE 1.00 0.00 X 0 0 0 HOWARD HERSHENHORN ESQ TRUSTEE 1.00 0.00 X 0 0 0 DEBBIE EPSTEIN HENRY TRUSTEE 1.00 0.00 X 0 0 0 DEBRA HUMPHREYS ESQ TRUSTEE 1.00 0.00 X 0 0 0 MELIQUE JONES ESQ TRUSTEE 1.00 0.00 X 0 0 0 SASHA LINNEY ESQ TRUSTEE 1.00 0.00 X 0 0 0 EILEEN T NUGENT ESQ TRUSTEE 1.00 0.00 X 0 0 0 JOHN P OSWALD ESQ TRUSTEE 1.00 0.00 X 0 0 0 HON RAMON E REYES JR TRUSTEE 1.00 0.00 X 0 0 0 DEBORAH RIEGEL ESQ TRUSTEE 1.00 0.00 X 0 0 0 STEVEN G SCHEINFELD ESQ TRUSTEE 1.00 0.00 X 0 0 0 STUART SUBOTNICK ESQ TRUSTEE 1.00 0.00 X 0 0 0 MALLIKA BOLLA GRADUATE TRUSTEE 1.00 0.00 X 0 0 0 LILLIAN SMITH GRADUATE TRUSTEE 1.00 0.00 X 0 0 0 ANNE CONROY ESQ GRADUATE TRUSTEE (UNTIL 03/24) 1.00 0.00 X 0 0 0 JENNIFER JORCZAK ESQ GRADUATE TRUSTEE (UNTIL 03/24) 1.00 0.00 X 0 0 0 DENNIS J BLOCK ESQ TRUSTEE (UNTIL 03/24) 1.00 0.00 X 0 0 0 ROBERT M KAUFMAN ESQ TRUSTEE (UNTIL 04/24) 1.00 0.00 X 0 0 0 LAWRENCE SUCHAROW ESQ TRUSTEE (UNTIL 01/24) 1.00 0.00 X 0 0 0 STEVEN L ZELKOWITZ ESQ TRUSTEE (UNTIL 09/23) 1.00 0.00 X 0 0 0 MICHAEL GERBER ASSC DEAN FOR ADMN&FIN (UNTIL 10/23) 40.00 0.00 X 350512 0 56378 DAVID MEYER PRESIDENT & DEAN (AS OF 07/01/23) 40.00 0.00 X 312832 0 90246 SHOSHANNA M CAMPBELL VICE PRESIDENT OF FINANCE 40.00 0.00 X 250138 0 67617 TODD BRISTOL EVP & COO (AS OF 10/23) 40.00 0.00 X 61452 0 23964 SARAH LUKE GENERAL COUNSEL (AS OF 02/24) 40.00 0.00 X 0 0 0 MIRIAM HECHLER BAER VICE DEAN, CENT. PROF. OF LAW 40.00 0.00 X 299923 0 73668 COLETTE RODGERS VICE PRESIDENT OF OPERATIONS 40.00 0.00 X 241067 0 69874 EULAS G BOYD JR DEAN OF ADMISSIONS AND FINANCIAL AID 40.00 0.00 X 232441 0 54522 ANTOINETTE J NIENABER CHIEF ADVANCEMENT OFFICER 40.00 0.00 X 222041 0 68985 ANITA BERNSTEIN PROFESSOR OF LAW 40.00 0.00 X 310162 0 38908 WILLIAM ARAIZA PROFESSOR OF LAW 40.00 0.00 X 294403 0 55877 AARON TWERSKI PROFESSOR OF LAW 40.00 0.00 X 276358 0 59216 DANA R BRAKMAN-REISER PROFESSOR OF LAW 40.00 0.00 X 266252 0 36216 ANDREW S GOLD PROFESSOR OF LAW 40.00 0.00 X 264632 0 38660 MICHAEL T CAHILL FORMER PRES. & DEAN (AS OF 06/30/23) 40.00 0.00 X 454270 0 153415 MARYELLEN FULLERTON FORMER PRES. & DEAN (AS OF 06/30/19) 40.00 0.00 X 245071 0 56456 CHRISTINA MULLIGAN FORMER VICE DEAN & PROFESSOR OF LAW 40.00 0.00 X 157637 0 27560 4239191 0 971562 95 1 1 0 HBR MANAGED SERVICES LLC 425 S FINANCIAL PL SUITE 2250 CHICAGO IL 60605 INFORMATION TECH. SERVICES 3543546 TRIBUTE RESTORATION INC 231 NORMAN AVENUE SUITE 205 BROOKLYN NY 11222 CONSTRUCTION SERVICES 975943 DBS FACILITY SERVICES 4403 15TH AVENUE SUITE 409 BROOKLYN NY 11219 CLEANING SERVICES 811071 RED TABLE CATERING INC 631 GRAND STREET NEW YORK NY 11211 CATERING SERVICES 796998 EMPIRE HUDSON INC 23-60 29TH STREET ASTORIA NY 11105 PAINTING SERVICES 632561 17 99902 5218738 76035 5318640 TUITION & FEES 611310 77946957 77946957 77946957 2119607 310827 1808780 9007119 5358772 3648347 3648347 3648347 31463923 30577027 886896 886896 886896 WORKERS COMP REFUND 900099 132800 132800 EVENT REVENUE 900099 122838 122838 FEES AND CHARGES 900099 61249 61249 141418 35295 106123 458305 90378752 78105090 310827 6644195 36746556 36746556 3473312 3473312 24763156 20072919 3494674 1195563 1634831 1282311 313688 38832 4664518 3658704 895019 110795 2065792 1620344 396380 49068 751953 194643 557310 271176 271176 330639 330639 5354931 3366111 1683540 305280 199147 151661 17996 29490 334899 183270 89051 62578 460926 262683 99880 98363 4832005 96415 4735590 351756 268007 68571 15178 1362546 1091498 53543 217505 1389179 1089629 266553 32997 3388576 2657894 650194 80488 485958 40316 445642 LIBRARY ACQUISITIONS/AU 982490 981773 287 430 STUDENT ORG. EXPENSES 594999 539683 32176 23140 MISCELLANEOUS/BAD DEBT 324442 240401 83147 894 MEMBERSHIPS 206332 61351 142212 2769 299263 158964 139594 705 95269382 74765133 18240174 2264075 2944 3119 12447800 10602101 524897 1497008 909431 902092 997055 782574 166565491 86321518 82604938 80243973 165425601 182748551 71226095 71283591 31043504 21862134 365182265 369925143 12442242 12887277 694166 568277 36896769 36673885 9000000 6000000 24092127 12627938 83125304 68757377 X 220686992 230787956 61369969 70379810 282056961 301167766 365182265 369925143 X -4890630 23785174 216261 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 0 0 PART II-B, LINE 1: BROOKLYN LAW SCHOOL IS A MEMBER OF A FEW ASSOCIATIONS. THESE ASSOCIATIONS MAY ENGAGE IN LOBBYING ACTIVITIES. THEREFORE, A PORTION OF THE MEMBERSHIP DUES MAY BE ATTRIBUTABLE TO LOBBYING ACTIVITIES AND AS SUCH NO DETERMINATIVE AMOUNT IS LISTED IN THE SCHEDULE. 88466 X X 0 242247870 3949884 26461038 11281747 261377045 242959229 2191412 20546090 11608823 11840038 242247870 273834413 2795536 -22984248 10686472 242959229 224132779 2652879 56990447 9941692 273834413 226569503 2478759 5574491 10489974 224132779 0.77790 0.10610 0.11600 0 0 7128551 7128551 152349254 79932825 72416429 3083326 3652991 -569665 3915895 2735702 1180193 88465 88465 80243973 63144797 F HEDGE FUND & PRIVATE CREDIT 4520400 F REAL ESTATE INCOME TRUST 3618394 F 71283591 ACCRUED INTEREST RECEIVABLE 178135 ASSETS HELD BY TRUSTEE UNDER BOND INDENTURE AGREEMENT 895857 ASSETS HELD UNDER ANNUITY AGREEMENTS 13370555 RIGHT-OF-USE LEASE ASSETS 7417587 21862134 INTEREST PAYABLE 758059 ACCRUED POST-RETIREMENT BENEFITS PAYABLE 3904525 LEASE LIABILITY 7965354 12627938 X 83298495 23123896 -35562925 -12439029 95737524 -5358772 -5358772 90378752 64187690 5358772 5358772 58828918 36440464 36440464 95269382 PART III, LINE 4: THE COLLECTION OF ART ARE DONATIONS REPRESENTING VARIOUS ASPECTS OF THE PRACTICE OF LAW. PART V, LINE 4: THE LAW SCHOOL HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE LAW SCHOOL MUST HOLD IN PERPETUITY OR FOR A DONOR-SPECIFIED PERIOD(S) OR PURPOSE AS WELL AS BOARD-DESIGNATED FUNDS. UNDER THIS POLICY, AS APPROVED BY THE BOARD OF TRUSTEES, THE OVERRIDING OBJECTIVE IS TO MAINTAIN PURCHASING POWER. NET OF SPENDING, THE OBJECTIVE IS TO GROW THE AGGREGATE PORTFOLIO VALUE AT THE RATE OF INFLATION OVER THE LAW SCHOOL'S INVESTMENT HORIZON. PART X, LINE 2: THE LAW SCHOOL FILES TAX AND INFORMATION RETURNS WITH THE INTERNAL REVENUE SERVICE AND WITH NEW YORK STATE. TAX YEARS SUBSEQUENT TO 2021 REMAIN SUBJECT TO EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT EVALUATED THE LAW SCHOOL'S TAX POSITIONS AND CONCLUDED THAT THE LAW SCHOOL HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. AT JUNE 30, 2024, THE LAW SCHOOL HAS NO UNRECOGNIZED TAX BENEFITS AND NO INTEREST PENALTIES RELATED TO TAXES DURING EITHER OF THE YEARS ENDED JUNE 30, 2023 AND 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSE - NET IN TUITION & FEES -36,076,476. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 1,487,077. OTHER BENEFIT COSTS 84,110. LOSS ON LEASE MODIFICATION -1,351,510. LOSS ON UNCOLLECTIBLE PLEDGES -36,765. INVESTMENT FEES 330,639. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -5,358,772. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 5,358,772. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSE - NET IN TUITION & FEES 36,076,476. EMPLOYEE SEPARATION COSTS 33,349. INVESTMENT FEES 330,639. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE POLICY IS PUBLISHED ON THE BROOKLYN LAW SCHOOL WEBSITE. SCHEDULE E, PART I, LINE 6 FINANCIAL AID FROM GOVERNMENT AGENCIES: 1) FEDERAL WORK STUDY PROGRAM 2) FEDERAL DIRECT LOAN PROGRAM 3) COVID-19 - HIGHER EDUCATION EMERGENCY RELIEF FUND - STUDENT AID PORTION CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 3589033 0 0 0 0 0 0 3589033 0 3589033 1 0 1 1 0 0 SCHEDULE F, PART IV, LINES 1, 3, AND 4: THE ORGANIZATION HAS OWNERSHIP INTERESTS IN CERTAIN FOREIGN CORPORATIONS AND PARTNERSHIPS, HOWEVER, NO OWNERSHIP INTERESTS EXCEEDED THE THRESHOLD FOR REQUIRING THE FILING OF FORMS 5471 OR 8865. THERE WERE NO TRANSFERS THE REQUIRED THE FILING OF FORM 926 DURING THE FISCAL YEAR. 1 SCHOLARSHIPS 1080 36076476 BOOK DIRECT OFFSET OF TUITION FELLOWSHIPS 95 232680 LOAN FORGIVENESS 33 106519 PRIZES AND AWARDS 98 47080 FWS MATCH - OUTSIDE MATCH 233 133763 GRANTS 12 150038 PART I, LINE 2: SCHOLARSHIPS ARE AWARDED TO STUDENTS ATTENDING BROOKLYN LAW SCHOOL AND ARE A DIRECT OFFSET OF TUITION. FELLOWSHIPS ARE AWARDED TO STUDENTS UNDER STRICT SELECTION CRITERIA. LOAN FORGIVENESS ARE PAID DIRECTLY TO THE LENDER OR REQUIRES PROOF OF DEBT REDUCTION FROM THE STUDENT. X X 1 0 X X X X X 0 0 0 0 0 0 0 0 0 MICHAEL T CAHILL FORMER PRES. & DEAN (AS OF 06/30/23) 452338 0 0 0 1932 0 27750 0 125665 0 607685 0 0 0 MICHAEL GERBER ASSC DEAN FOR ADMN&FIN (UNTIL 10/23) 248887 0 0 0 101625 0 26534 0 29844 0 406890 0 0 0 DAVID MEYER PRESIDENT & DEAN (AS OF 07/01/23) 273572 0 0 0 39260 0 22385 0 67861 0 403078 0 0 0 MIRIAM HECHLER BAER VICE DEAN, CENT. PROF. OF LAW 210299 0 0 0 89624 0 21210 0 52458 0 373591 0 0 0 WILLIAM ARAIZA PROFESSOR OF LAW 263432 0 0 0 30971 0 24136 0 31741 0 350280 0 0 0 ANITA BERNSTEIN PROFESSOR OF LAW 279404 0 0 0 30758 0 24575 0 14333 0 349070 0 0 0 AARON TWERSKI PROFESSOR OF LAW 262670 0 0 0 13688 0 23665 0 35551 0 335574 0 0 0 SHOSHANNA M CAMPBELL VICE PRESIDENT OF FINANCE 248206 0 0 0 1932 0 23180 0 44437 0 317755 0 0 0 COLETTE RODGERS VICE PRESIDENT OF OPERATIONS 239132 0 0 0 1935 0 21098 0 48776 0 310941 0 0 0 ANDREW S GOLD PROFESSOR OF LAW 242700 0 0 0 21932 0 22444 0 16216 0 303292 0 0 0 DANA R BRAKMAN-REISER PROFESSOR OF LAW 232798 0 0 0 33454 0 21159 0 15057 0 302468 0 0 0 MARYELLEN FULLERTON FORMER PRES. & DEAN (AS OF 06/30/19) 208158 0 0 0 36913 0 19755 0 36701 0 301527 0 0 0 ANTOINETTE J NIENABER CHIEF ADVANCEMENT OFFICER 221248 0 0 0 793 0 20733 0 48252 0 291026 0 0 0 EULAS G BOYD JR DEAN OF ADMISSIONS AND FINANCIAL AID 230562 0 0 0 1879 0 21401 0 33121 0 286963 0 0 0 CHRISTINA MULLIGAN FORMER VICE DEAN & PROFESSOR OF LAW 120274 0 0 0 37363 0 11836 0 15724 0 185197 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE/ PERSONAL SERVICES: A. AS A CONDITION OF EMPLOYMENT, THE PRESIDENT/DEAN IS REQUIRED TO HAVE A HOME ON THE LAW SCHOOL'S CAMPUS WHICH IS FURNISHED, MAINTAINED AND CLEANED, AT THE LAW SCHOOL'S EXPENSE. THIS BENEFIT IS NONTAXABLE. B. CHRISTINA MULLIGAN, VICE DEAN AND PROFESSOR OF LAW, RECEIVED $16,931 IN HOUSING ALLOWANCE PAYMENTS. THIS AMOUNT HAS BEEN PROPERLY REPORTED ON THE FORM W-2 AND REPORTED ON FORM 990, PART VII, COLUMN D, AND ALSO IN SCHEDULE J, PART II, COLUMN B(III). A DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 64990GMJ8 2019-05-23 20529559 REFUND BONDS ISSUED 07/22/2009 0 0 0 A 20583853 355268 16244 66405 20145936 2006 1 0 1 1 A 0 1 1 1 0 0.00440 0.00440 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 SCHEDULE K, PART II, LINE 3: THE DIFFERENCE WITH THE AMOUNT LISTED IN PART I, COLUMN (E) FOR THE BONDS IS ATTRIBUTABLE ON INVESTMENT EARNINGS ON PROCEEDS ON DEPOSIT IN THE CONSTRUCTION FUND FOR ISSUANCE COSTS AND THE REFUNDING ESCROW TO REPAY THE BONDS ISSUED ON 07/22/09. SCHEDULE K, PART II, LINE 11: AMOUNTS LISTED INCLUDE PROCEEDS SPENT TO REFUND PRIOR ISSUE OF BONDS. SCHEDULE K, PART III: A PORTION OF THE BONDS REFINANCED BONDS ORIGINALLY ISSUED PRIOR TO JANUARY 1, 2003. AS A RESULT, PART III IS COMPLETED WITHOUT REGARD TO THE FACILITIES ORIGINALLY FINANCED WITH SUCH PRE-2003 BONDS. SCHEDULE K, PART III, LINE 5: THE TAXPAYER PERIODICALLY LEASES OUT A PORTION OF THE PROJECT FINANCED WITH PROCEEDS FROM THE BONDS TO OUTSIDE USERS. A SMALL PORTION OF SUCH USE MAY BE IN A TRADE OR BUSINESS THAT IS UNRELATED TO THE TAXPAYER'S EXEMPT PURPOSE. THE AGGREGATE AMOUNT OF SUCH USE WOULD NOT BE IN EXCESS OF 1/10 OF 1 PERCENT OF THE PROJECTS FINANCED WITH THE BONDS. X 3 76035 NYSE 0 0 1 0 PART I, COLUMN (B): THE AMOUNT IN COLUMN B IS NUMBER OF CONTRIBUTORS. FORM 990, PART I, LINE 6 THE NUMBER OF VOLUNTEERS IS A REASONABLE ESTIMATE OF VOLUNTEERS DURING THE 6/30/2024 TAX YEAR. FORM 990, PAGE 1, PART B: THIS FORM 990 IS BEING AMENDED DUE TO A CHANGE IN CALCULATION OF HOUSING VALUATION INCLUDED IN OFFICERS COMPENSATION ON PART VII, SECTION AND SCHEDULE J, PART II FOR MICHAEL T. CAHILL AND MICHAEL GERBER. FORM 990, PART III, LINE 1 THE FUNDAMENTAL MISSION OF BROOKLYN LAW SCHOOL IS TO PROVIDE ITS STUDENTS WITH THE KNOWLEDGE, SKILLS, AND ETHICAL VALUES NEEDED FOR A CAREER IN THE LAW. A WELL-ROUNDED LEGAL EDUCATION EXPOSES STUDENTS TO THEORY AND LEGAL DOCTRINE, AND GIVES THEM THE PRACTICAL SKILLS THAT WILL BE EXPECTED OF THEM AS LAWYERS. IN ORDER TO ACHIEVE ITS MISSION, THE LAW SCHOOL HAS CREATED, AND IS CONTINUING TO CREATE, A COMMUNITY OF OUTSTANDING LEGAL SCHOLARS AND TEACHERS AND STUDENTS WHO ARE AMONG THE BEST AND THE BRIGHTEST. BROOKLYN LAW SCHOOL IS DEDICATED TO CONTRIBUTING TO THE ADVANCEMENT OF OUR UNDERSTANDING OF LAW, LEGAL INSTITUTIONS, AND SOCIETY AT LARGE. BROOKLYN LAW SCHOOL'S FACULTY PRODUCES AN IMPRESSIVE BODY OF WORK, INCLUDING CASEBOOKS, TREATISES, AND ARTICLES IN DISTINGUISHED LAW JOURNALS. THE FACULTY'S STATURE HAS GREATLY ENHANCED THE LAW SCHOOL'S REPUTATION THROUGHOUT THE UNITED STATES AND ABROAD. BROOKLYN LAW SCHOOL BOASTS MORE THAN A CENTURY OF EXPERIENCE IN TRAINING STUDENTS TO ENGAGE IN THE PRACTICE OF LAW. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 SHALL BE DISTRIBUTED BY THE CHIEF FINANCIAL OFFICER TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW PRIOR TO BEING SUBMITTED TO THE IRS. THE DRAFT FORM 990 SHALL BE DISTRIBUTED EARLY ENOUGH TO PROVIDE EACH AUDIT COMMITTEE MEMBER WITH A REASONABLE AMOUNT OF TIME FOR REVIEW AND SUBMISSION OF QUESTIONS OR COMMENTS PRIOR TO THE FILING DEADLINE. THE FINAL FORM 990 SHALL BE DISTRIBUTED TO EACH BOARD MEMBER PRIOR TO BEING FILED WITH THE IRS. THE DRAFT AND FINAL FORM 990 MAY BE DISTRIBUTED IN PERSON, BY REGULAR MAIL, E-MAIL, OR FAX. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY AND PROCEDURES ARE DESIGNED TO ENSURE THAT WHENEVER A MATTER IS DISCUSSED OR A DECISION IS MADE BY THE LAW SCHOOL'S GOVERNING BOARD OR COMMITTEE, BOARD AND COMMITTEE MEMBERS FIRST ARE MADE AWARE OF THE EXISTENCE OF ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. THE POLICY ALSO REQUIRES THE LAW SCHOOL TO GATHER INFORMATION ABOUT SUCH CONFLICTS. THIS IS DONE BY REQUIRING EACH BOARD MEMBER, OFFICE, AND KEY EMPLOYEE AND ANY OTHER PERSON WHO REGULARY ATTENDS THE LAW SCHOOL BOARD AND COMMITTEE MEETING TO COMPLETE AND FILE A CONFLICT OF INTEREST DISCLOSURE STATEMENT BEFORE SERVING ON THE LAW SCHOOL BOARD OR ANY COMMITTEE. THE DISCLOSURE STATEMENT REQUIRES EACH BOARD MEMBER, OFFICER, OR KEY EMPLOYEE TO DISCLOSE ANY BUSINESS OR PERSONAL INTERESTS, DIRECT OR INDIRECT, WHAT THE PERSON MAY HAVE IN ANY ENTITY THAT DOES BUSINESS WITH THE LAW SCHOOL. THE POLICY AND THE DISCLOSURE STATEMENT CONTAIN THE INFORMATION AND DEFINITIONS EACH PERSON WILL NEED TO PROPERLY COMPLETE HIS OR HER PERSONAL DISCLOURE STATEMENT. THE PROCEDURES ARE PERFORMED ANNUALLY. EACH TRUSTEE, OFFICER, KEY EMPLOYEE, AND MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT SUCH A PERSON - A. HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY AND PROCEDURES, B. HAD READ AND UNDERSTANDS THE POLICY, C. HAS AGREED TO COMPLY WITH THE POLICY, D. UNDERSTANDS THAT THE LAW SCHOOL IS A TAX-EXEMPT ORGANIZATION AND THAT IN ORDER TO MAINTAIN IT'S FEDERAL TAX EXEMPTION, IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMPENSATION POLICY IS INTENDED TO COMPLY WITH IRS FORM 990 REPORTING AND APPLIES TO THE "COMPENSATION" OF BROOKLYN LAW SCHOOL'S "KEY EMPLOYEES AND "OFFICERS". (A) REVIEW AND APPROVAL BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES: THE COMPENSATION OF ANY KEY EMPLOYEE OR OFFICER THAT FULFILLS THE CRITERIA DEFINED IN THIS POLICY SHALL BE REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE, PROVIDED THAT ANY PERSONS WITH CONFLICTS OF INTEREST SHALL NOT BE INVOLVED IN THE REVIEW AND APPROVAL OF THE COMPENSATION ARRANGEMENT. (1) APPLICABLE CONFLICT OF INTEREST POLICY PROVISIONS. PURSUANT TO BROOKLYN LAW SCHOOL'S CONFLICT OF INTEREST POLICY AND PROCEDURES, THE FOLLOWING RESTRICTIONS APPLY WITH RESPECT TO THE INDIVIDUALS WHO MAY REVIEW AND APPROVE EXECUTIVE COMPENSATION ARRANGEMENTS: A) A VOTING MEMBER OF THE BOARD OF TRUSTEES WHO RECEIVES COMPENSATION FOR SERVICES FROM BROOKLYN LAW SCHOOL, WHETHER DIRECTLY OR INDIRECTLY, AND ANY OTHER TRUSTEE WHO IS THAT VOTING MEMBER'S "IMMEDIATE FAMILY MEMBER," IS PRECLUDED FROM VOTING ON MATTERS PERTAINING TO THAT MEMBER'S COMPENSATION, OR THE COMPENSATION OF ANY OTHER MEMBER OF THE "INDEPENDENT EVALUATION COMMITTEE, OR ANY TRANSACTION WITH A BUSINESS IN WHICH EITHER THE MEMBER OR ANY OTHER MEMBER OF THE INDEPENDENT EVALUATION COMMITTEE HOLDS A "FINANCIAL INTEREST." B) A VOTING MEMBER OF ANY COMMITTEE WHOSE JURISDICTION INCLUDES COMPENSATION MATTERS AND WHO RECEIVES COMPENSATION FROM THE ORGANIZATION FOR SERVICES, WHETHER DIRECTLY OR INDIRECTLY, IS PRECLUDED FROM VOTING ON MATTERS PERTAINING TO HIS/HER COMPENSATION OR THE COMPENSATION OF ANY MORE SENIOR STAFF EXECUTIVE OF BROOKLYN LAW SCHOOL. (B) USE OF DATA FOR COMPARABLE COMPENSATION: PRIOR TO APPROVING THE COMPENSATION OF ANY KEY EMPLOYEE OR OFFICER, THE COMPENSATION COMMITTEE SHALL REVIEW AND EVALUATE HIS OR HER COMPENSATION USING DATA FOR COMPARING COMPENSATION OF SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED EDUCATIONAL INSTITUTIONS. (C) CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING: THE COMPENSATION COMMITTEE SHALL CONTEMPORANEOUSLY DOCUMENT AND MAINTAIN RECORDS OF ITS DELIBERATIONS AND DECISIONS REGARDING SUCH COMPENSATION ARRANGEMENTS. FORM 990, PART VI, SECTION C, LINE 19 THE LAW SCHOOL MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART VII, SECTION A THE ORGANIZATION, IN A FULL TRANSPARENCY POSTURE TO REPORTING, IS REPORTING ALL BENEFITS IN FULL IN PART VII, COLUMN F AND NOT APPLYING THE $10,000 PER ITEM EXCEPTION FOR CERTAIN BENEFITS. FORM 990, PAGE 7, PART VII: THE AMOUNTS BELOW SUMMARIZE THE CHANGES TO PART VII, COLUMN (F): ORIGINAL RETURN AMENDED RETURN LINE 1: $87,415 $153,415 LINE 3: $56,378 $90,246 FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 1,487,077. OTHER BENEFIT INCOME 84,110. LOSS ON LEASE MODIFICATION -1,351,510. LOSS ON UNCOLLECTIBLE PLEDGES -36,765. EMPLOYEE SEPARATION COSTS 33,349.