Pepperdine University

“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.”

“Significant changes to governing documents: the university's articles of incorporation and bylaws were amended to change the number of authorized persons constituting the entire board of regents to be no less than one and no more than 40. Previously, the authorized number of regents was 40. The bylaws continue to require a quorum for the transaction of business as one-third of the number of regents then in office, but now sets the minimum quorum requirement at no less than seven regents (previously, no less than eight); and, the bylaws require that no more than 20% of the regents be interested persons (previously, no more than 49%). Additionally, the bylaws were updated to limit board officers to a two-year term, with the possibility of re-election. Previously, board officers were elected annually. Finally, the bylaws were updated to state that the purposes of the university may only be amended or repealed by vote of nine-tenths of the regents in office.”

“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.”

“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 and the board of regents. 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 and the executive vice 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.”

“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 is currently undergoing an executive compensation analysis conducted by an external consultant. The analysis includes 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 officers and key employees: 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 is currently undergoing an executive compensation analysis conducted by an external consultant. The analysis includes 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.”

“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.”

“Committed to the highest standards of excellence and christian values, where students are strengthened for lives of purpose, service, and leadership. The university enrolls approximately 9,600 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.”

“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.”

“The university enrolls approximately 9,600 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.”

“The chateau will also serve as pepperdine university's international program european headquarters, and an international conference center. Pepperdine university believes in a low student-faculty ratio (13:1) and has an average class size of 19. The university offers 60 majors that undergraduates can pursue, as well as 36 graduate degrees, including five doctoral degrees.”

“Pepperdine university provided no grants or other assistance to individuals outside of the united states since the university's international programs were suspended as a result of the ongoing covid-19 pandemic.”

“The number of employees includes student workers.”

“Actuarial adjustment 2,972,214. Loss on valuation of beneficial interest -4,551,704. Adoption of asu 2016-02, leases 646,987.”