2024-04-11T14:42:54-05:00 2023-06-30 132781641 MITCHELL & TITUS LLP 80 PINE STREET NEW YORK NY 10005 990 2022-07-01 132998164 LAW SCHOOL ADMISSION COUNCIL C/O KELLYE TESTY LAWS 2159681298 662 PENN STREET NEWTOWN PA 18940 KELLYE TESTY CHIEF EXECUTIVE OFFICER 2159681298 2024-04-11 1 KELLYE TESTY 999009999 0 FREDERICK E DAVIS JR P00446023 2127094500 2024-04-11 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z ANA TAVARES 662 PENN STREET NEWTOWN PA 18940 97752211 0 X WWW.LSAC.ORG X 1979 PA LSAC IS A NOT-FOR-PROFIT ORGANIZATION WHOSE MISSION IS TO ADVANCE LAW AND JUSTICE BY PROMOTING ACCESS, EQUITY, AND FAIRNESS IN LAW SCHOOL ADMISSION AND SUPPORTING THE LEARNING JOURNEY FROM PRELAW THROUGH PRACTICE. LSAC PROVIDES PRODUCTS AND SERVICES THAT SUPPORT CANDIDATES AND SCHOOLS THROUGHOUT THE LAW SCHOOL ADMISSION PROCESS, AND INNOVATIVE SOLUTIONS TO EXPAND AND DIVERSIFY THE RANGE OF PRELAW STUDENTS, ENHANCE STUDENT OUTCOMES IN LAW SCHOOL, AND SUPPORT LEGAL PROFESSIONALS THROUGHOUT THEIR CAREERS. 20 19 435 21 0 89930 199000 1628 74774383 86444255 5800939 9337552 10849989 1794248 91624311 97577683 1164656 1858857 0 0 49597564 54545071 0 0 0 49807098 57653482 100569318 114057410 -8945007 -16479727 279160509 276647279 33969445 38311755 245191064 238335524 X LSAC IS A NOT-FOR-PROFIT ORGANIZATION WHOSE MISSION IS TO ADVANCE LAW AND JUSTICE BY PROMOTING ACCESS, EQUITY, AND FAIRNESS IN LAW SCHOOL ADMISSION AND SUPPORTING THE LEARNING JOURNEY FROM PRELAW THROUGH PRACTICE. LSAC PROVIDES PRODUCTS AND SERVICES THAT SUPPORT CANDIDATES AND SCHOOLS THROUGHOUT THE LAW SCHOOL ADMISSION PROCESS, AND INNOVATIVE SOLUTIONS TO EXPAND AND DIVERSIFY THE RANGE OF PRELAW STUDENTS, ENHANCE STUDENT OUTCOMES IN LAW SCHOOL, AND SUPPORT LEGAL PROFESSIONALS THROUGHOUT THEIR CAREERS. 0 0 58496075 115762 73990394 ADMINISTERED LAW SCHOOL ADMISSION TESTS (LSAT). PROVIDED THE LAW SCHOOL CREDENTIAL ASSEMBLY SERVICE (CAS) FOR CANDIDATES. PREPARED AND SENT REPORTS TO LAW SCHOOLS ON BEHALF OF CANDIDATES, CONDUCTED EDUCATIONAL RESEARCH FOR THE LEGAL COMMUNITY. 5039349 694450 HELD IN-PERSON AND DIGITAL NATIONAL LAW SCHOOL FORUMS TO ACQUAINT STUDENTS WITH THEIR LEGAL EDUCATION ALTERNATIVES. HELD VARIOUS TRAINING AND EDUCATION PROGRAMS FOR MEMBER LAW SCHOOL ADMISSION PROFESSIONALS. LAW SCHOOL TRANSPARENCY (LST) HELPS PRELAW STUDENTS MAKE STRATEGIC CHOICES ABOUT WHERE TO ATTEND LAW SCHOOL. THERE WERE MANY NEW SUBSCRIBERS AND ENROLLMENTS. LEARN SKILLS THAT WILL HELP YOU SUCCEED FROM EXPERTS ACROSS THE PROFESSION VIA THE MODERN LAW PRACTICE (MLP). 8433335 1537113 60083 CONDUCTED PROGRAM AND RESEARCH IN ADVANCEMENT OF UNDERREPRESENTED INDIVIDUALS IN LEGAL EDUCATION. 40717431 13055778 DEVELOPED AND MAINTAINED LAW SCHOOL ADMISSIONS LSAC SOFTWARE FOR LAW SCHOOLS. PROVIDED ONLINE TEST PREP TO NEW SUBSCRIBERS THROUGH LAWHUB. 40717431 13055778 112686190 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 1 0 0 1 197 0 1 435 1 1 1 1 IN 0 0 0 0 0 0 0 0 0 0 X 20 19 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X ANA TAVARES 2159681298 662 PENN STREET NEWTOWN PA 18940 KELLYE Y TESTY PRESIDENT AND CEO 37.50 X X 802747 0 28165 ELENA MARIA MARTY-NELSON ASSESSMENTS COMMITTEE CHAIR 1.50 X 0 0 0 ELIZABETH KRONK WARNER CHAIR, AUDIT; CHAIR, EXECUTIVE COMPENSATION 1.50 X 0 0 0 JANNELL LUDY ROBERTS CHAIR, EMERGING MARKETS AND INNOVATION 1.50 X 0 0 0 JUSTIN CRUZ APPOINTEE-AT-LARGE 1.50 X 0 0 0 ROBERT SCHWARTZ CHAIR, SCHOOLS AND CANDIDATES 1.50 X 0 0 0 SHANI BUTTS CHAIR, DIVERSITY, EQUITY AND INCLUSION 1.50 X 0 0 0 SONDRA TENNESSEE APPOINTEE-AT-LARGE 1.50 X 0 0 0 TAMARA LAWSON CHAIR, FINANCE AND BUDGET 1.50 X 0 0 0 MARCILYNN BURKE BOARD CHAIR (JUNE 2023); CHAIR, GOVERNANCE AND TRU 1.50 X 0 0 0 ANGELA ONWUACHI-WILLIG TRUSTEE 1.50 X 0 0 0 ANN PERRY TRUSTEE 1.50 X 0 0 0 CHRISTINA GAPASIN TORTAL TRUSTEE 1.50 X 0 0 0 SARAH C ZEARFOSS TRUSTEE 1.50 X 0 0 0 JOHN VALERY WHITE TRUSTEE 1.50 X 0 0 0 MEGAN CARPENTER TRUSTEE 1.50 X 0 0 0 MONICA INGRAM TRUSTEE 1.50 X 0 0 0 MYA RIMON TRUSTEE 1.50 X 0 0 0 PATRICIA ROBERTS TRUSTEE 1.50 X 0 0 0 REBECCA SCHELLER TRUSTEE 1.50 X 0 0 0 REYNALDO VELENCIA TRUSTEE 1.50 X 0 0 0 ANA TAVARES CHIEF FINANCIAL OFFICER 37.50 X 499974 0 42662 SUSAN KRINSKY CHIEF OPERATIONS OFFICER AND CHIEF OF STAFF 37.50 X 479313 0 37615 ANNMARIE LEVINS CHIEF STRATEGY OFFICER 37.50 X 466195 0 56063 AMY BETH DAMBECK GENERAL COUNSEL AND CORPORATE SECRETARY 37.50 X 341243 0 29150 TROY LOWRY CHIEF INFORMATION OFFICER 37.50 X 398740 0 42915 VIVIAN BOWDEN SENIOR VICE PRESIDENT SCHOOLS AND INSTITUTIONS 37.50 X 377957 0 37730 LEANNE M SHANK GENERAL COUNSEL (OUTGOING) 37.50 X 390071 0 39681 3756240 0 313981 8 1 1 0 PROCTORU INC 3687 OLD SANTA RITA RD SUITE 202 PLEASANTON CA 94588 REMOTE TEST PROCTORING SERVICES 7209971 STRUCTURE TONE LLC 1500 WALNUT STREET STE 1410 PHILADELPHIA PA 19102 BUILDING RENOVATIONS 1424471 ACS LEARNING INC 400 WOODCREST RD WAYNE PA 19087 CONSULTING SERVICES 1334336 ACCION LABS US INC 1225 WASHINGTON PIKE 401 BRIDGEVILLE PA 15017 CONSULTING SERVICES 1317769 CAPGEMINI AMERICA INC 79 FIFTH AVENUE NEW YORK NY 10003 CONSULTING SERVICES-UNITE 1261028 5 1628 1628 ADMISSION FEES: LSAT 611710 42784565 42784565 ADMISSION FEES: CAS 611710 30003215 30003215 LAWHUB 611710 9542956 9542956 FOREIGN LLM 611710 2174271 2174271 DATA SERVICE FEES 611710 1244798 1244798 694450 694450 86444255 2133500 2133500 7204052 0 7204052 7204052 7204052 611339 174528 436811 436811 LICENSING FEE 611710 562153 562153 OTHER OPERATING INCOME 611710 460887 460887 OTHER INCOME 611710 334397 334397 1357437 97577683 97576055 0 0 1858857 1858857 41748940 41748940 2797764 2797764 7082869 7082869 2915498 2915498 756869 756869 98046 98046 516305 516305 10104314 10104314 196252 196252 3919168 3919168 6265714 6265714 588281 588281 3977900 3977900 368796 368796 1194 1194 5855749 5855749 663518 663518 TEST ADMINISTRATION 9377652 9377652 FEE WAIVER 9044334 9044334 SALES TAX AND OTHER TAX 4031869 4031869 REPAIRS AND MAINTENANCE 1495632 1495632 391889 391889 114057410 112686190 1371220 0 2767860 4948240 17727846 11738479 2284202 2372525 166460 202501 2135687 3374960 44847867 35376721 11911135 9471146 21380400 197110750 217431828 23216288 26881254 459881 226346 279160509 276647279 7974877 11788218 14967443 15449494 47015 23451 10980110 11050592 33969445 38311755 X 245191064 238335524 245191064 238335524 279160509 276647279 X -16479727 8705228 918959 X X 0 1 X 1 0 X 5393900 199000 1628 5594528 69817820 68654515 94923067 84615974 86168644 404180020 69817820 68654515 100316967 84814974 86170272 409774548 0 0 0 409774548 1218357 721950 997870 698560 2133501 5770238 1218357 721950 997870 698560 2133501 5770238 36559 0 36559 5884482 4912845 2139296 1234834 562153 14733610 76920659 74289310 103454133 86784927 88865926 430314955 0.95230 0.94070 0.01340 0.01160 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: LICENSING FEE - 2018 AMOUNT: $ 4,991,807. 2019 AMOUNT: $ 3,822,270. 2020 AMOUNT: $ 530,979. 2021 AMOUNT: $ 616,282. 2022 AMOUNT: $ 562,153. APPLICATION PROCESSING FEES - 2018 AMOUNT: $ 892,675. 2019 AMOUNT: $ 1,090,575. 2020 AMOUNT: $ 1,608,317. 2021 AMOUNT: $ 618,552. 2022 AMOUNT: $ 0. SCHEDULE A, PART III, LINE 12, EXPLANATION FOR OTHER INCOME: FY18, 19, 20, 21 THE APPLICATION FEES WERE RECORDED TO ACCOUNT 3651 OTHER OPERATING INCOME STARTING IN FY22 THEY ARE BEING RECORDED TO ACCOUNT 3503 OTHER DATA SERVICE FEES, APPLICATION PROCESSING FEES LISTED ON THIS SCHEDULE IS 0. 20350924 12673030 7677894 24496943 22703691 1793252 9471146 NUMERIC INVESTOR/US EQUITY 45597564 F INTERNATIONAL COREFUND/INTERNATIONAL EQUITY 171834264 F 217431828 ACCRUED POSTRETIREMENT BENEFIT 11050589 DEPOSITS IN TRANSIT 1 DUE TO / DUE FROM RELATED PARTIES 2 11050592 X PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT AS OF JUNE 30, 2023 AND 2022, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE THE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION RECOGNIZES ACCRUED INTEREST OR PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS, IF ANY. THERE WERE NO INCOME-TAX RELATED INTEREST OR PENALTIES RECORDED FOR THE YEARS ENDED JUNE 30, 2023 AND 2022. EAST ASIA AND THE PACIFIC PROGRAM SERVICES ADMINISTER TEST 33539 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM SERVICES ADMINISTER TEST 185435 NORTH AMERICA PROGRAM SERVICES ADMINISTER TEST 234788 SOUTH ASIA 1 PROGRAM SERVICES ADMINISTER TEST 451949 1 0 0 0 1 0 905711 0 905711 1 0 0 0 0 0 PART III ACCOUNTING METHOD: SCHEDULE F, PART 1, LINE 2 ALL GRANTS INCLUDING BUT NOT LIMITED TO DEI PATHWAY GRANTS FOR MORE THAN $2,500 ARE REVIEWED BY THE FUNCTIONAL AREA LEADERSHIP. THE INTERNAL COMMITTEE REVIEWS AND DISCUSSES THE GRANT REQUEST AND MAKES FUNDING DETERMINATIONS. FOR ALL GRANTS EXCEEDING $10,000, INTERNAL LSAC STAFF BUDGET COMMITTEE APPROVAL IS REQUIRED PRIOR TO SIGNING A CONTRACT. CORPORATE LEVEL GRANT OPPORTUNITIES ARE REVIEWED BY SENIOR LEADERSHIP AND REVIEWED BY THE LSAC BOARD OF TRUSTEES ON A CASE-BY-CASE BASIS. UPON APPROVAL, A CONTRACT IS DRAWN UP WHICH STATES THE TERMS AND CONDITIONS OF THE GRANT, INCLUDED DELIVERABLES AND PAYMENT SCHEDULES. THE ACTUAL PAYMENTS ARE MADE BASED UPON THE GRANTEE MEETING THE STATED TERMS OF THE CONTRACT. AN INDIVIDUAL AT LSAC IS DESIGNATED TO FOLLOW UP TO ENSURE THAT THE TERMS OF EACH GRANT ARE MET. 1 THE UNIVERSITY OF MEMPHIS 101 WILDER TOWER MEMPHIS TN 38152 626048540 501(3) 81554 0 PLUS 2022 AND 2023 STREET LAW 1010 WAYNE AVENUE SUITE 860 SILVER SPRING MD 20910 522015256 501(3) 20000 0 PIPELINE GRANT ANTIRACIST DEVELOPMENT INSTITUTE 150 SOUTH COLLEGE STREET CARLISLE PA 17013 363986900 501(3) 125000 0 DEI GRANT SEATTLE UNIVERSITY 1301 2ND AVE SEATTLE WA 98122 910565006 501(3) 103971 0 PLUS 2022 AND 2023 NORTH CAROLINA CENTRAL UNIVERSITY 1801 FAYETTEVILLE ST DURHAM NC 27707 582034971 501(3) 38644 0 PLUS 2022 AND 2023 THE ADMINISTRATORS OF THE TULANE EDUCATIONAL FUND 1430 TULANE AVE BOX 8509 NEW ORLEANS LA 70112 726034234 501(3) 89177 0 PLUS 2022 AND 2023 UNIVERSITY OF PUERTO RICO 14 AVE UNIVERSIDAD STE 1401 SAN JUAN PR 00925 660277132 501(3) 94125 0 PLUS 2022 AND 2023 UNIVERSITY OF OREGON 1585 E 13TH AVE EUGENE OR 97403 464727800 501(3) 57213 0 PLUS 2022 AND 2023 BOSTON UNIVERSITY 233 BAY STATE ROAD BOSTON MA 02215 043218267 501(3) 114000 0 PLUS 2022 AND 2023 AMERICAN INDIAN LAW CENTER PO BOX 4456 ALBUQUERQUE NM 87196 850250024 501(3) 32052 0 PIPELINE GRANT NATIONAL CENTER FOR CIVIC INNOVATION - EA MILE 121 AVENUE OF THE AMERICAS 6TH FL NEW YORK NY 10013 020590588 501(3) 733692 0 EQUITY ACCELERATOR THE BOARD OF TRUSTEES OF THE UNIVERSITY OF ILLNOIS 1901 S FIRST ST STE A CHAMPAIGN IL 61820 376000511 501(3) 6201 0 PIPELINE GRANT L AND S FOUNDATION 9208 NE HIGHWAY 99 STE 107-13 VANCOUVER WA 98665 920636936 501(3) 7000 0 PIPELINE GRANT MONTCLAIR STATE UNIVERSITY 1 NORMAL AVE MONTCLAIR NJ 07043 222912682 501(3) 7000 0 PIPELINE GRANT UCLA BOX 957089 112 MURPHY HALL 405 HILGARD AVE LOS ANGELES CA 90095 954044252 501(3) 11142 0 RESEARCH WASHBURN UNIVERSITY 1700 SW COLLEGE AVE ROOM 200 G TOPEKA KS 66621 486030115 501(3) 6500 0 MINK LAWFAIR 2022 AND 2023 NORFOLK STATE UNIVERSITY FOUNDATION INC 700 PARK AVE HBW 410 NORFOLK VA 23504 237235954 501(3) 16360 0 NYC FORUM FAYETTEVILLE STATE UNIVERSITY 1200 MURCHSISON RD FAYETTEVILLE NC 28391 561238736 501(3) 10318 0 NYC FORUM TUSKEGEE UNIVERSITY PO BOX 1304 TUSKEGEE INSTITUTE AL 36087 630288878 501(3) 9697 0 ATLANTA FORUM DILLARD UNIVERSITY 2601 GENTILLY BLVD NEW ORLEANS LA 70122 720408929 501(3) 6164 0 ATLANTA FORUM REUBEN V ANDERSON CENTER FOR JUSTICE 5000 W COUNTY LINE RD TOUGALOO MS 39174 843206571 501(3) 12386 0 ATLANTA FORUM XAVIER UNIVERSITY 1 DREXEL DRIVE NEW ORLEANS LA 70125 720635884 501(3) 6882 0 HOUSTON FORUM TRAVEL SUBSIDY 30000 TRAVEL SUBSIDY - ATLANTA FORUM 1 6564 TRAVEL SUBSIDY - HOUSTON FORUM 1 8192 PART I, LINE 2: ALL GRANTS INCLUDING BUT NOT LIMITED TO DEI PATHWAY GRANTS FOR MORE THAN $2,500 ARE REVIEWED BY THE FUNCTIONAL AREA LEADERSHIP. THE INTERNAL COMMITTEE REVIEWS AND DISCUSSES THE GRANT REQUEST AND MAKES FUNDING DETERMINATIONS. FOR ALL GRANTS EXCEEDING $10,000, INTERNAL LSAC STAFF BUDGET COMMITTEE APPROVAL IS REQUIRED PRIOR TO SIGNING A CONTRACT. CORPORATE LEVEL GRANT OPPORTUNITIES ARE REVIEWED BY SENIOR LEADERSHIP AND REVIEWED BY THE LSAC BOARD OF TRUSTEES ON A CASE-BY-CASE BASIS. UPON APPROVAL, A CONTRACT IS DRAWN UP WHICH STATES THE TERMS AND CONDITIONS OF THE GRANT, INCLUDED DELIVERABLES AND PAYMENT SCHEDULES. THE ACTUAL PAYMENTS ARE MADE BASED UPON THE GRANTEE MEETING THE STATED TERMS OF THE CONTRACT. AN INDIVIDUAL AT LSAC IS DESIGNATED TO FOLLOW UP TO ENSURE THAT THE TERMS OF EACH GRANT ARE MET. X X X 1 1 X X X X 0 0 0 0 0 0 0 1 0 KELLYE Y TESTY PRESIDENT AND CEO 777747 0 25000 0 0 0 23638 0 4527 0 830912 0 0 0 ANA TAVARES CHIEF FINANCIAL OFFICER 474974 0 25000 0 0 0 22494 0 20168 0 542636 0 0 0 ANNMARIE LEVINS CHIEF STRATEGY OFFICER 451195 0 15000 0 0 0 22494 0 33569 0 522258 0 0 0 SUSAN KRINSKY CHIEF OPERATIONS OFFICER AND CHIEF O 479313 0 0 0 0 0 22494 0 15121 0 516928 0 0 0 TROY LOWRY CHIEF INFORMATION OFFICER 387740 0 11000 0 0 0 22081 0 20834 0 441655 0 0 0 LEANNE M SHANK GENERAL COUNSEL (OUTGOING) 390071 0 0 0 0 0 22494 0 17187 0 429752 0 0 0 VIVIAN BOWDEN SENIOR VICE PRESIDENT SCHOOLS AND IN 367457 0 10500 0 0 0 23433 0 14297 0 415687 0 0 0 AMY BETH DAMBECK GENERAL COUNSEL AND CORPORATE SECRET 341243 0 0 0 0 0 22021 0 7129 0 370393 0 0 0 PART I, LINE 7 THE BOARD APPROVES COMPENSATION, INCLUDING BONUS FOR THE PRESIDENT AND CEO. ALL OTHER BONUSES ARE DETERMINED BY THE CEO. DANIELLE HOLLEY BOARD MEMBER 5000 HONORARIUM/STIPEND OFFERED TO ALL ADVISORY COMMITTEE MEMBERS FOR SERVICE ON THE LAWREADY ADVISORY COMMITTEE 0 DAVID KIRSCHNER BOARD MEMBER 5000 HONORARIUM/STIPEND OFFERED TO ALL ADVISORY COMMITTEE MEMBERS FOR SERVICE ON THE LAWREADY ADVISORY COMMITTEE 0 FORM 990, PART VI, SECTION A, LINE 6 A SCHOOL OF LAW IS ELIGIBLE FOR MEMBERSHIP IN THE LAW SCHOOL ADMISSION COUNCIL (LSAC) IF IT REQUIRES THAT SUBSTANTIALLY ALL OF ITS APPLICANTS FOR ADMISSION TAKE THE LSAT, AND IS A LAW SCHOOL APPROVED BY THE AMERICAN BAR ASSOCIATION (ABA) OR A MEMBER OF THE ASSOCIATION OF AMERICAN LAW SCHOOLS (AALS), OR IT IS A CANADIAN LAW SCHOOL THAT GRANTS DEGREES THAT ARE RECOGNIZED BY A PROVINCIAL OR TERRITORIAL LAW SOCIETY OR GOVERNMENT AGENCY AS AN APPROVED ACADEMIC CREDENTIAL FOR PERSONS SEEKING ADMISSION TO THE BAR IN ONE OF THE PROVINCES OR TERRITORIES OF CANADA. THE BOARD OF TRUSTEES OF THE COUNCIL MAY AT ITS DISCRETION AND FOLLOWING A PERIOD FOR NOTICE AND COMMENT AMONG THE CURRENT MEMBERS, ADMIT INTO MEMBERSHIP A LAW SCHOOL OUTSIDE OF THE UNITED STATES AND CANADA IF IT REQUIRES THAT SUBSTANTIALLY ALL OF ITS APPLICANTS FOR ADMISSION TAKE THE LSAT, AND IS ACCREDITED BY A GOVERNMENTALLY RECOGNIZED, NATIONAL ACCREDITING AUTHORITY OR ITS DEGREES MEET THE LEGAL EDUCATION REQUIREMENT FOR BAR MEMBERSHIP THROUGHOUT ITS HOME COUNTRY. THERE ARE CURRENTLY 197 US MEMBER LAW SCHOOLS, AND 18 CANADIAN MEMBER LAW SCHOOLS. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER LAW SCHOOL HAS ONE VOTE. THE MEMBERS ELECT THE CHAIR OF THE BOARD OF TRUSTEES EVERY OTHER YEAR. FORM 990, PART VI, SECTION A, LINE 7B A MEMBER LAW SCHOOL CAN PROPOSE AN AMENDMENT TO THE BYLAWS AND UPON APPROVAL OF A MAJORITY OF THE MEMBERS THE BYLAWS CAN BE AMENDED. FORM 990, PART VI, SECTION B, LINE 11B LSAC'S FORM 990 IS PREPARED BY THE ORGANIZATION'S INDEPENDENT AUDITORS. AFTER MANAGEMENT REVIEW, A COPY OF THE FORM IS PROVIDED TO BOTH THE LSAC AUDIT COMMITTE AND THE BOARD OF TRUSTEES, PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS LSAC BOARD OF TRUSTEES MEMBERS, COMMITTEE MEMBERS AND VOLUNTEERS ARE PROVIDED A COPY OF THE COUNCIL'S CONFLICT OF INTEREST POLICY, ASKED TO REVIEW, DISCLOSE ANY POTENTIAL CONFLICTS, AND SIGN AN ACKNOWLEDGEMENT FORM THAT IS MAINTAINED BY LSAC'S GENERAL COUNSEL. ON AN ANNUAL BASIS, OFFICERS AND KEY LSAC STAFF MEMBERS ARE PROVIDED A COPY OF THE COUNCIL'S CONFLICT OF INTEREST POLICY AND ARE ASKED TO REVIEW, DISCLOSE ANY POTENTIAL CONFLICTS AND SIGN AN ACKNOWLEDGEMENT FORM THAT IS MAINTAINED BY LSAC'S GENERAL COUNSEL. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION APPOINTS AN EXECUTIVE COMPENSATION COMMITTEE, NORMALLY 3-5 MEMBERS FROM THE BOARD OF TRUSTEES AND NAMED BY THE LSAC CHAIR. THE EXECUTIVE COMPENSATION COMMITTEE ENLISTS THE ASSISTANCE OF AN OUTSIDE FIRM OR SPECIALIST THAT IS ABLE TO PROVIDE COMPARATIVE INFORMATION ABOUT PROCESS AND COMPENSATION ITSELF. AS PART OF THE ANNUAL BUDGET APPROVAL PROCESS, THE LSAC PRESIDENT PRESENTS TO THE BOARD A BUDGET ITEM REGARDING THE PROPOSED COMPENSATION POOL OF STAFF INCREASES OR ADJUSTMENTS. FORM 990, PART VI, SECTION C, LINE 19 LSAC MAKES ITS GOVERNING DOCUMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: POST RETIREMENT BENEFIT YEAR END 918,959. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR FORM 990, PART VIII, LINE 7C INCLUDED IN PART VIII, LINE 7C GAIN OR LOSS IS THE GAIN ON THE SALE OF THE BUILDING 661 WAS SOLD DURING DECEMBER 2022 PROCEEDS: $ 3,686,511 NET BOOK VALUE: $908,890 CAPITAL GAIN: $2,777,721 LSAG INDIA LLP WEWORK FORUM DLF CYBER CITY PHASE- GURUGRAM IN 122002 EDUCATIONAL SERVICES IN LSAC RELATED 0 0 0.99990 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 LSAG INDIA LLP R 234927 FMV