2024-05-15T21:48:49-05:00 2023-06-30 420714325 RSM US LLP 4 TIMES SQUARE NEW YORK NY 10036 990 2022-07-01 237227990 BROOKLYN LAW SCHOOL BROO 7186252200 250 JORALEMON ST BROOKLYN NY 112013700 SHOSHANNA CAMPBELL VICE PRESIDENT OF FINANCE 7186252200 2024-05-15 1 SHOSHANNA CAMPBELL 999009999 0 LYNNE JOHNSON P00757336 2123721000 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MICHAEL T CAHILL 250 JORALEMON ST BROOKLYN NY 112013700 135375131 0 X WWW.BROOKLAW.EDU X 1901 NY SEE SCHEDULE O FOR COMPLETE NARRATIVE 21 21 798 900 194110 37493 3885293 3640758 69798824 76713331 6509871 6300400 3215299 5004349 83409287 91658838 34786106 36516927 0 0 33386591 36687544 0 0 2519320 19202076 21416383 87374773 94620854 -3965486 -2962016 356965207 365182265 96357770 83125304 260607437 282056961 SEE SCHEDULE O FOR COMPLETE NARRATIVE 0 0 73643690 36516927 77157456 THE EDUCATION OF STUDENTS IN PREPARATION FOR THE LEGAL PROFESSION. IN THE FALL OF ACADEMIC YEAR 2022/2023, ENROLLMENT WAS APPROXIMATELY 1,210. 73643690 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 1 122 0 1 798 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X SHOSHANNA CAMPBELL 7187807501 250 JORALEMON STREET BROOKLYN NY 11201 X DAVID M BARSE ESQ TRUSTEE 1.00 X 0 0 0 DENNIS J BLOCK ESQ TRUSTEE 1.00 X 0 0 0 ANNE CONROY ESQ GRADUATE TRUSTEE 1.00 X 0 0 0 JEFFREY D FORCHELLI ESQ TRUSTEE 1.00 X 0 0 0 ALPHONZO GRANT ESQ GRADUATE TRUSTEE 1.00 X 0 0 0 HOWARD HERSHENHORN ESQ TRUSTEE 1.00 X 0 0 0 DEBRA HUMPHREYS ESQ TRUSTEE 1.00 X 0 0 0 MELIQUE JONES ESQ GRADUATE TRUSTEE 1.00 X 0 0 0 JENNIFER JORCZAK ESQ GRADUATE TRUSTEE 1.00 X 0 0 0 ROBERT M KAUFMAN ESQ TRUSTEE 1.00 X 0 0 0 SASHA LINNEY ESQ GRADUATE TRUSTEE 1.00 X 0 0 0 EILEEN T NUGENT ESQ TRUSTEE 1.00 X 0 0 0 JOHN P OSWALD ESQ TRUSTEE 1.00 X 0 0 0 HON RAMON E REYES JR TRUSTEE 1.00 X 0 0 0 DEBORAH RIEGEL ESQ TRUSTEE 1.00 X 0 0 0 STEVEN G SCHEINFELD ESQ TRUSTEE 1.00 X 0 0 0 STUART SUBOTNICK ESQ TRUSTEE 1.00 X 0 0 0 LAWRENCE SUCHAROW ESQ TRUSTEE 1.00 X 0 0 0 STEVEN L ZELKOWITZ ESQ TRUSTEE 1.00 X 0 0 0 FRANCIS J AQUILA ESQ CHAIRPERSON OF THE BOARD OF TRUSTEES 1.00 X X 0 0 0 HON CLAIRE R KELLY VICE CHAIRPERSON OF THE BOARD OF TRUSTEES 1.00 X X 0 0 0 MICHAEL T CAHILL PRESIDENT JOSEPH CREA DEAN/PROFESSOR OF LAW 40.00 X 454920 0 215423 MICHAEL GERBER ASSOC DEAN FOR ADMIN & FINANCE 40.00 X 350921 0 59197 STACY CAPLOW ASSOCIATE DEAN OF EXPERIENTIAL EDUCATION/PROF. OF LAW 40.00 X 285016 0 63838 SHOSHANNA M CAMPBELL VICE PRESIDENT OF FINANCE 40.00 X 257154 0 69297 CHRISTINA MULLIGAN VICE DEAN AND PROFESSOR OF LAW 40.00 X 235529 0 44153 STEPHANIE VULLOGENERAL COUNSEL COMPLIANCE OFFICER (UNTIL 04/2023) 40.00 X 233782 0 41415 KAREN PORTER ASSOC DEAN FOR INCL. & DIV., ASSOC. PROF. OF LAW 40.00 X 113340 0 69309 JOCELYN L SIMONSON ASSOCDEAN FACULTY RES.& SCH.(RET. FROM SABBATICAL) 40.00 X 155396 0 31094 MIRIAM HECHLER BAER VICE DEAN CENT.PROF.OF LAW(RET. FROM SABBATICAL) 40.00 X 187160 0 36410 EULAS G BOYD JR DEAN OF ADMISSIONS AND FINANCIAL AID 40.00 X 224169 0 66655 ANTOINETTE J NIENABER CHIEF ADVANCEMENT OFFICER 40.00 X 215309 0 76421 AARON TWERSKI PROFESSOR OF LAW 40.00 X 305215 0 60693 ANITA BERNSTEIN PROFESSOR OF LAW 40.00 X 305126 0 46388 WILLIAM ARAIZAFORMER VICE DEAN ACADEMIC AFFAIRS & PROFESSOR OF LAW 40.00 X 287880 0 65247 ANDREW S GOLD PROFESSOR OF LAW 40.00 X 273191 0 62482 WINNIE TAYLOR PROFESSOR OF LAW 40.00 X 273644 0 68297 STEVEN A DEANFORMER VICE DEAN OF ACADEMIC AFFAIRS & PROF. OF LAW 40.00 X 264150 0 12283 MARYELLEN FULLERTON FORMER INTERIM DEAN & PROFESSOR OF LAW 40.00 X 162752 0 46944 JULIAN ARATO ASSOC DEAN FOR FACULTY RESEARCH AND SCHOLARSHIP 40.00 X 138173 0 28304 MARK C HAMPTON FORMER EVP FOR ADMIN. & FINANCE & CBO 40.00 X 102180 0 17788 4825007 0 1181638 71 1 1 0 K2 SERVICES LLC 425 S FINANCIAL PLACE STE 2250 CHICAGO IL 60605 IT SERVICES AND SUPPORT 2773399 111 LIVINGSTON LLC 1481 47TH STREET BROOKLYN NY 11219 LANDLORD OF 111 LIVINGSTON OFFICE 1575940 TRIANGLE SERVICES 20 WEST 55TH STREET 3FL NEW YORK NY 10019 CLEANING SERVICES 797817 WATCH GUARD 247 LLC 71-16 MYRTLE AVENUE GLENDALE NY 11385 SECURITY/CAMPUS SAFETY SERVICES 620423 MEDLEY AIR INCORPORATED 265 MCCORMIC DRIVE BOHEMIA NY 11716 ENGINEERING EQUIP. SERVICE & REPAIR 236041 8 843957 2796801 30428 3640758 TUITION & FEES 611310 76713331 76713331 76713331 4607193 194110 4413083 8660813 4847589 3813224 3813224 3813224 40561911 38868704 1693207 1693207 1693207 PARKING RIGHTS AGREEME 900099 747000 747000 EVENT REVENUE 900099 68505 68505 PUBLICATION/COURSE MAT 900099 57951 57951 317669 317669 1191125 91658838 77157456 194110 10666514 36516927 36516927 3316113 3316113 24068575 19570741 3181458 1316376 1758679 1368835 343017 46827 5675951 4417771 1107050 151130 1868226 1454099 364383 49744 896471 249437 647034 328698 328698 5536678 3165182 1896022 475474 162350 114300 19220 28830 560328 262846 216100 81382 340803 225763 42774 72266 4680548 58870 4621678 206827 173978 24043 8806 1104791 875378 106819 122594 1635394 1272878 318971 43545 2990916 2327924 583355 79637 506032 37230 468802 BAD DEBT EXPENSE 907316 370812 527614 8890 LIBRARY ACQUISTIONS/AUD 864684 864205 192 287 COMMENCEMENT/STDUENT EN 222723 168967 28061 25695 DATA PROCESSING 184090 184090 287734 147547 132350 7837 94620854 73643690 18457844 2519320 1796 2944 8463593 12447800 915081 524897 361553 909431 948602 997055 166029449 83424511 84287194 82604938 158413059 165425601 78991942 71226095 24582387 31043504 356965207 365182265 7261868 12442242 757551 694166 37119652 36896769 24000000 9000000 27218699 24092127 96357770 83125304 X 211517471 220686992 49089966 61369969 260607437 282056961 356965207 365182265 X -2962016 14574388 9837152 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 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 242959229 2191412 20546090 11608823 11840038 242247870 273834413 2795536 -22984248 10686472 242959229 224132779 2652879 56990447 9941692 273834413 226569503 2478759 5574491 10489974 224132779 237372819 1100376 7994841 19898533 226569503 0.78900 0.10170 0.10930 0 0 7128551 7128551 149672581 77250227 72422354 5907964 3530394 2377570 3231888 2643890 587998 88465 88465 82604938 63337199 F HEDGE FUND 4150570 F REAL ESTATE INCOME TRUST 3738326 F 71226095 ACCRUED INTEREST RECEIVABLE 181390 ASSETS HELD BY TRUSTEE UNDER BOND INDENTURE AGREEMENT 774232 ASSETS HELD UNDER ANNUITY AGREEMENTS 11942563 RIGHT-OF-USE LEASE ASSETS 18145319 31043504 30000 INTEREST PAYABLE 758059 ACCRUED POST-RETIREMENT BENEFITS PAYABLE 3952039 LEASE LIABILITY 19352029 24092127 X 85482414 14574388 -25598401 -11024013 96506427 -4847589 -4847589 91658838 64032890 4847589 4847589 59185301 35435553 35435553 94620854 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 IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE. THE LAW SCHOOL IS SUBJECT TO TAXES ON UNRELATED BUSINESS INCOME. THE LAW SCHOOL FILES TAX AND INFORMATION RETURNS WITH THE INTERNAL REVENUE SERVICE (IRS) AND WITH NEW YORK STATE. TAX YEARS SUBSEQUENT TO 2020 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, 2023, THE LAW SCHOOL HAS NO UNRECOGNIZED TAX BENEFITS AND HAS RECOGNIZED NO INTEREST OR 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 -35,106,855. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 8,631,002. OTHER BENEFIT COSTS 1,206,150. CUSTODIAL FEES - NET IN INVESTMENT INCOME -328,698. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON FORM 990, PART VIII, LINE 6B -4,847,589. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON FORM 990, PART VIII, LINE 6B 4,847,589. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSE - NET IN TUITION & FEES 35,106,855. CUSTODIAL FEES - NET IN INVESTMENT INCOME 328,698. 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 2145473 0 0 0 0 0 0 2145473 0 2145473 1 0 1 1 0 0 PART III ACCOUNTING METHOD: 1 SCHOLARSHIPS 1131 35106855 BOOK DIRECT OFFSET OF TUITION FELLOWSHIPS 82 218045 LOAN FORGIVENESS 36 48410 PRIZES AND AWARDS 75 48888 FMV PLAQUES AND MEDALS FWS MATCH - OUTSIDE MATCH 256 152243 GRANTS 217 942486 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 1 X X X X X 0 0 0 0 0 0 0 0 0 MICHAEL T CAHILL PRESIDENT JOSEPH CREA DEAN/PROFESSOR OF LAW 452988 0 0 0 1932 0 25740 0 189683 0 670343 0 0 0 MICHAEL GERBER ASSOC DEAN FOR ADMIN & FINANCE 244620 0 0 0 106301 0 25901 0 33296 0 410118 0 0 0 AARON TWERSKI PROFESSOR OF LAW 273292 0 0 0 31923 0 21280 0 39413 0 365908 0 0 0 WILLIAM ARAIZAFORMER VICE DEAN ACADEMIC AFFAIRS & PROFESSOR OF LAW 257336 0 0 0 30544 0 20853 0 44394 0 353127 0 0 0 ANITA BERNSTEIN PROFESSOR OF LAW 274582 0 0 0 30544 0 21393 0 24995 0 351514 0 0 0 STACY CAPLOW ASSOCIATE DEAN OF EXPERIENTIAL EDUCATION/PROF. OF LAW 223269 0 0 0 61747 0 20701 0 43137 0 348854 0 0 0 WINNIE TAYLOR PROFESSOR OF LAW 209283 0 0 0 64361 0 19758 0 48539 0 341941 0 0 0 ANDREW S GOLD PROFESSOR OF LAW 239806 0 0 0 33385 0 18966 0 43516 0 335673 0 0 0 SHOSHANNA M CAMPBELL VICE PRESIDENT OF FINANCE 245115 0 0 0 12039 0 20115 0 49182 0 326451 0 0 0 ANTOINETTE J NIENABER CHIEF ADVANCEMENT OFFICER 214541 0 0 0 768 0 17955 0 58466 0 291730 0 0 0 EULAS G BOYD JR DEAN OF ADMISSIONS AND FINANCIAL AID 222336 0 0 0 1833 0 18543 0 48112 0 290824 0 0 0 CHRISTINA MULLIGAN VICE DEAN AND PROFESSOR OF LAW 163716 0 0 0 71813 0 17265 0 26888 0 279682 0 0 0 STEVEN A DEANFORMER VICE DEAN OF ACADEMIC AFFAIRS & PROF. OF LAW 262217 0 0 0 1933 0 0 0 12283 0 276433 0 0 0 STEPHANIE VULLOGENERAL COUNSEL COMPLIANCE OFFICER (UNTIL 04/2023) 231428 0 0 0 2354 0 18317 0 23098 0 275197 0 0 0 MIRIAM HECHLER BAER VICE DEAN CENT.PROF.OF LAW(RET. FROM SABBATICA 131287 0 0 0 55873 0 11241 0 25169 0 223570 0 0 0 MARYELLEN FULLERTON FORMER INTERIM DEAN & PROFESSOR OF LAW 151690 0 0 0 11062 0 13293 0 33651 0 209696 0 0 0 JOCELYN L SIMONSON ASSOCDEAN FACULTY RES.& SCH.(RET. FROM SABBATI 111317 0 0 0 44079 0 9899 0 21195 0 186490 0 0 0 KAREN PORTER ASSOC DEAN FOR INCL. & DIV., ASSOC. PROF. OF LAW 81836 0 0 0 31504 0 10624 0 58685 0 182649 0 0 0 JULIAN ARATO ASSOC DEAN FOR FACULTY RESEARCH AND SCHOLARSHIP 122844 0 0 0 15329 0 12315 0 15989 0 166477 0 0 0 MARK C HAMPTON FORMER EVP FOR ADMIN. & FINANCE & CBO 100096 0 0 0 2084 0 10385 0 7403 0 119968 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 $16,280 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). C. ANDREW GOLD, PROFESSOR OF LAW, RECEIVED $18,585 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 20583840 355268 66405 20145936 16231 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 5 30428 FMV 0 1 0 PART I, LINE 32B: THE NUMBER REPRESENTED ABOVE IS BASED ON THE UNIQUE NUMBER OF GIFT TRANSACTIONS. FORM 990, PART I, 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. FORM 990, PART I, LINE 6: THE NUMBER OF VOLUNTEERS IS A REASONABLE ESTIMATE OF VOLUNTEERS DURING THE 6/30/2023 TAX YEAR. 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, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 8,631,002. OTHER BENEFIT INCOME 1,206,150.