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.”

“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. 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.”

“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.”

“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.”

“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.”

“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.”

“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.”

“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.”

“Number of employees: the number of employees includes student workers.”

“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.”

“Actuarial adjustment 484,704. Loss on valuation of beneficial interest -1,643,030.”