2023-05-15T16:31:58+00:00 2022-06-30 350921680 CROWE LLP 485 Lexington Avenue Floor 11 New York NY 100172619 990 2021-07-01 133297197 The New School NEWS 6469093667 66 West 12th Street New York NY 10011 Natalie J D Pressey AVP & Controller 6469093667 2023-05-15 true Natalie J D Pressey 999009999 Nicole Bencik P00756195 2125725500 2021 2023-04-26 12:10:37Z Dwight A McBride 66 West 12th Street New York NY 10011 917208173 false X WWW.NEWSCHOOL.EDU X 1919 NY THE NEW SCHOOL'S MISSION IS TO PREPARE OUR STUDENTS TO UNDERSTAND, CONTRIBUTE TO, AND SUCCEED IN A RAPIDLY CHANGING SOCIETY, AND THUS MAKE THE WORLD A BETTER AND MORE JUST PLACE. 31 30 6201 109 721957 72961 43723946 55910574 411506816 551351895 -215205 5060589 13383870 13136187 468399427 625459245 151621598 165217547 0 222350645 260949324 0 3811591 165329312 200964960 539301555 627131831 -70902128 -1672586 1684598012 1709557575 1091458312 1152338742 593139700 557218833 X THE NEW SCHOOL WAS BORN OUT OF A COMMITMENT TO ACADEMIC FREEDOM, TOLERANCE, AND EXPERIMENTATION. OUR FUTURE WILL BE SHAPED BY THE QUALITIES THAT HAVE DEFINED OUR PAST: (CONTINUED ON SCHEDULE O) false false 189133350 503196842 ACADEMIC PROGRAM: THE UNIVERSITY'S ACADEMIC PROGRAM IS COMPOSED OF INSTRUCTIONAL, RESEARCH, AND PUBLIC SERVICE ACTIVITIES. THE UNIVERSITY AWARDS BACCALAUREATE, MASTERS, AND DOCTORAL DEGREES. IN ACADEMIC YEAR 2021-2022 IT ENROLLED 11,385 DEGREE STUDENTS AND 4,684 NON-DEGREE STUDENTS. THE UNIVERSITY'S RESEARCH AND PUBLIC SERVICE ACTIVITIES ENABLE FACULTY TO EXPLORE NEW AREAS OF EDUCATION, LEARNING AND KNOWLEDGE AND PROVIDES NON-INSTRUCTIONAL SERVICES TO INDIVIDUALS AND GROUPS EXTERNAL TO THE UNIVERSITY. 165217547 165217547 SCHOLARSHIP AND FINANCIAL AID: THE NEW SCHOOL SEEKS TO MAKE ITS EDUCATION AS AFFORDABLE AS POSSIBLE BY OFFERING FINANCIAL SUPPORT TO STUDENTS BASED ON FINANCIAL NEED, ACADEMIC ACHIEVEMENT, AND OTHER QUALIFICATIONS THROUGH SCHOLARSHIPS AND WORK STUDY PROGRAMS, WHICH ARE FUNDED BY INSTITUTIONAL FUNDS AND FEDERAL, STATE AND PRIVATE GRANTS. IN ACADEMIC YEAR 2021-2022, 9058 STUDENTS RECEIVED INSTITUTIONAL SCHOLARSHIPS AND 9,084 STUDENTS RECEIVED AT LEAST ONE FORM OF INSTITUTIONAL OR PUBLIC SCHOLARSHIPS, GRANTS, LOANS, OR WORK STUDY AWARDS. 124974765 1940843 EDUCATIONAL SUPPORT: THE UNIVERSITY'S EDUCATIONAL SUPPORT PROGRAM IS COMPOSED OF ACADEMIC SUPPORT AND STUDENT SERVICES. ACADEMIC SUPPORT PROVIDES SUPPORT SERVICES, SUCH AS LIBRARIES, ACADEMIC TECHNOLOGY, AND FACULTY AND CURRICULUM DEVELOPMENT, FOR ITS PRIMARY MISSIONS OF INSTRUCTION, RESEARCH AND PUBLIC SERVICE. STUDENT SERVICES PROVIDE VARIOUS SERVICES TO STUDENTS, WHICH CONTRIBUTE TO THE STUDENTS' EMOTIONAL AND PHYSICAL WELL-BEING AND TO THEIR INTELLECTUAL, CULTURAL, AND SOCIAL DEVELOPMENT OUTSIDE THE CONTEXT OF THE UNIVERSITY'S FORMAL INSTRUCTIONAL PROGRAMS. 58286279 48305010 AUXILIARY REVENUE FOR DORMITORIES AND DINING SERVICES 58286279 48305010 537611941 true true false true false false true false true true true false true true true false true true true true false false false true false false false true true true false false false false false false false false false false true true false false false true true true false false true X 14586 0 true 6201 true true true true FR GM false false false true true false false false false false false X 31 30 false false false false false false false true true false false true true true true true true true true false X Natalie J D Pressey 6469093667 66 WEST 12TH STREET NEW YORK NY 10011 Dwight A McBride President 60.0 X X 815044 0 604206 ELLIOT STEIN VICE CHAIR 1.0 X X 0 0 0 FRANCI J BLASSBERG VICE CHAIR 1.0 X X 0 0 0 LINDA E RAPPAPORT CHAIR 1.0 X X 0 0 0 SUSAN L FOOTE VICE CHAIR 1.0 X X 0 0 0 ANTHONY J MANNARINO TRUSTEE 1.0 X 0 0 0 BETH RUDIN DEWOODY TRUSTEE 1.0 X 0 0 0 BEVIS LONGSTRETH TRUSTEE 1.0 X 0 0 0 CHARLES R PERRIN TRUSTEE 1.0 X 0 0 0 CHRISTOPHER J CASTANO TRUSTEE 1.0 X 0 0 0 CRAIG BERNECKER TRUSTEE 1.0 X 0 0 0 DANIEL T MOTULSKY TRUSTEE 1.0 X 0 0 0 DOMINIQUE BLUHDORN TRUSTEE 1.0 X 0 0 0 DOUGLAS D DURST TRUSTEE 1.0 X 0 0 0 JANE DEFLORIO TRUSTEE 1.0 X 0 0 0 JEFFREY GURAL TRUSTEE 1.0 X 0 0 0 JOSEPH R GROMEK TRUSTEE 1.0 X 0 0 0 JOSHUA SAPAN TRUSTEE 1.0 X 0 0 0 KAY UNGER TRUSTEE 1.0 X 0 0 0 LILIAN SHIAO-YEN WU TRUSTEE 1.0 X 0 0 0 MICHAEL J JOHNSTON TRUSTEE 1.0 X 0 0 0 NANCYE GREEN TRUSTEE 1.0 X 0 0 0 ROBERT H MUNDHEIM TRUSTEE 1.0 X 0 0 0 SHEILA C JOHNSON TRUSTEE 1.0 X 0 0 0 STANLEY P SILVERSTEIN TRUSTEE 1.0 X 0 0 0 STEVEN H BLOOM TRUSTEE 1.0 X 0 0 0 SUSAN U HALPERN TRUSTEE 1.0 X 0 0 0 Ted GoldThorpe TRUSTEE 1.0 X 0 0 0 TIMOTHY L PORTER TRUSTEE 1.0 X 0 0 0 WILLIAM D ZABEL TRUSTEE 1.0 X 0 0 0 WILLIAM E HAVEMEYER TRUSTEE 1.0 X 0 0 0 Anne Adriance SVP for Marketing and Business Development 40.0 X 479593 0 61591 Jennifer Hobbs SVP of Administration and Chief of Staff 40.0 X 289246 0 54117 Jerry Cutler SVP and General Counsel 40.0 X 479236 0 20057 Jonah Nigh Senior Vice President for Development & Alumni Engagement 40.0 X 139058 0 15155 Lin Zhou SVP and Chief Information Officer 40.0 X 277544 0 56097 Melanie Hart SVPEquity Inclusion and Social Justice Chief Diversity Officer 40.0 X 251484 0 27247 Olatokumbo Shobowale Executive Vice President of Business Operations 40.0 X 604440 0 25960 Renee White Provost & Executive Vice President for Academic Affairs 40.0 X 252210 0 16001 Jennifer Wilson Acting Dean 40.0 X 259417 0 28200 Mary Watson Dean 40.0 X 295280 0 19527 Rachel Schreiber Dean 40.0 X 326107 0 31941 Stephanie Browner Interim Provost through 8/2021 40.0 X 550928 0 38400 William Milberg Dean 40.0 X 279880 0 55808 Benjamin Lee Faculty 40.0 X 318204 0 50636 Carol Kim SV Provost Enrollment Management 40.0 X 345220 0 53868 Darrick Hamilton Faculty 40.0 X 320414 0 27770 Deborah Gibb Senior Managing Director New School Ventures 40.0 X 316549 0 31020 Micheal Schober SV Provost 40.0 X 316742 0 31075 Bryna Mary Sanger SVP, Academic Affairs end 1.1.2021/Current Faculty Member 40.0 X 262026 0 54235 David Van Zandt Former President/Current Advisor 0.0 X 301703 0 512 Helen Wussow Dean ended 9.2020/ Current Faulty Memebr 40.0 X 254799 0 28028 Joel Towers Former Dean / Current Faculty Member 40.0 X 258018 0 49951 Richard Kessler Dean 40.0 X 325047 0 55695 8318189 0 1437097 334 true true false Compass Group USA Inc PO Box 91337 Chicago IL 606931337 Food Service 4116294 Perfect Parties by Robin Inc 21 Woodstone Circle Short Hills NJ 07078 Events Consultation 2715712 East End Advisors LLC East End Advisors LLC 610 Fifth Avenue-Suite 506 New York NY 10020 Consulting 2184168 Qwest Contracting Corp 153 W 27th Street Suite 502 New York NY 100016257 Contractor 2088304 H Brickman & Sons 55 1st Avenue New York NY 100039400 Contractor 2039197 150 1168191 21699945 33042438 1527404 55910574 TUITION & FEES 611310 498694779 498694779 AUX ENTERPRISE REV 611310 48305010 48305010 COMMERCIAL CONTRACTS 611310 4114618 4114618 SVC OF EDUCATIONAL DEPT 611310 237488 237488 0 0 0 0 551351895 78535 -420793 499328 71747 71747 11787977 11787977 0 11787977 11787977 170961445 124920000 171040745 119930393 -79300 4989607 4910307 1142750 3767557 35200 1168191 777790 -742590 -742590 JOURNAL/CONFERENCE FEE 611310 529410 529410 INDIRECT COST RECOVERY 611310 1561390 1561390 0 0 0 0 2090800 625459245 553442695 721957 15384019 165217547 165217547 9886744 3776922 5476406 633416 1897234 1707449 189785 189903802 161871849 26001043 2030910 16259181 13766198 2316803 176180 29200891 28739945 229881 231065 13801472 11582641 2050482 168349 813185 169254 643931 125000 125000 941 941 12962988 12962988 19139115 11736785 7161455 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36684403 31866449 43723946 55910574 204882590 0 0 36697218 36684403 31866449 43723946 55910574 204882590 15689703 189192887 20657602 19128408 16390431 12659815 12359052 81195308 361026 110528 0 0 72961 544515 137880 99030 82547 31800 35200 386457 287008870 2453244264 0.6592 0.6486 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - GROSS INCOME FROM FUNDRAISING EVENTS, COLUMN A - 137880.0, COLUMN B - 99030.0, COLUMN C - 82547.0, COLUMN D - 31800.0, COLUMN E - 35200.0, COLUMN F - 386457.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 941 false false 941 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY During Fiscal Year 2021-2022, The New School directly lobbied the offices of Senators Schumer and Gillibrand to include a Congressionally Directed Spending project in the FY23 LaborHHSEd bill. The New School also directly lobbied the offices of New York State Senator Hoylman and New York State Assembly member Glick to support Bundy Aid funding in the FY23 New York State budget. X X X Education false 482180174 5492955 -46630507 14269705 5585731 421187186 393477034 7899447 97216119 12541356 3871070 482180174 399256394 6440704 4006730 12570801 3655993 393477034 392131061 5411074 17938691 12391043 3833389 399256394 368027801 10849658 28772777 12261195 3257980 392131061 0.586 0.2892 0.1248 false false 98207431 98207431 872893083 211300475 661592608 82335045 51252871 31082174 38978777 25399646 13579131 3397995 3397995 807859339 INVESTMENTS - HEDGE FUNDS 153556131 F INVESTMENTS - PRIVATE EQUITY 83820993 F INVESTMENTS - REAL ASSETS 49595535 F 286972659 Funds Held By Bond Trustees 51066180 Lease Assets 338854030 389920210 FEDERAL STUDENT LOAN ADVANCES 871353 LEASE LIABILITIES 370692192 SHORT TERM DEBT 371563545 X Schedule D, Part III, Line 1a Collections of art - financial statement footnote The university's art collection consists of works of art, including prints, paintings, photographs, and sculptures that are held for the purposes of public exhibition, education, and research. Each of the items are cataloged, preserved, and cared for. Activities verifying their existence and assessing their condition are performed by the university's curators. The art collection, which was acquired through purchases and contributions since the university's inception, is not recognized as an asset in the consolidated balance sheets. Purchases of collection items are recorded as expenses and contributed collection items are not reported as contributions. Proceeds from sales are reflected as increases in net assets without donor restrictions. Schedule D, Part III, Line 4 Collections of art - description of collections The mission of The New School art collection, in recognition of its historic commitment to art as a vehicle for sociopolitical change, is to advance the importance of art as an agent for personal and collective transformation. As a curricular resource for all areas of study, the role of the collection is to conserve, interpret, and present works of art to the students, faculty, and greater community. New acquisitions support the vision of the university as an environment for innovative thinking and artistic experimentation. HISTORY OF THE COLLECTION The university's legacy of supporting the freedom of artistic expression began in 1931 with the commissioning of two historically significant mural cycles: Jose Clemente Orozco's A Call for Revolution and Universal Brotherhood, and Thomas Hart Benton's epic America Today. Over the years, the university has hosted a roster of accomplished artists, writers, dancers, designers, historians, social scientists, and philosophers, creating a flourishing laboratory for experimentation and innovation. As an institution that embraced such diverse figures as poet Robert Frost, anthropologist Margaret Meade, art historian Meyer Schapiro, and composer/conceptual artist John Cage, The New School has always stood at the forefront of self-discovery and visionary social, intellectual, and aesthetic experimentation. The New School art collection was established in 1960 with a grant from the Albert A. List Foundation. The collection, grown to approximately 2,071 postwar and contemporary works of art, includes examples in almost all media by some of the most innovative and creative artists of our time. Installed throughout the university campus and transforming the public spaces into lively forums for examining contemporary art, the collection offers students and faculty a rare opportunity to engage with art on a daily basis, making it a distinctive component of their educational experience. The collection has continued its tradition of incorporating site-specific works into its public spaces. Schedule D, Part V, Line 4 Intended uses of endowment funds The university's endowment is comprised of 342 individual funds at June 30, 2022, established for a variety of purposes, including scholarships, professorships, faculty development, lectures, and research programs. The endowment consists of both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments. Net assets associated with endowment funds, including funds functioning as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions. The university's individual endowment funds are pooled for investment purposes. The investment portfolio is managed to achieve a prudent long-term return. The university relies on a total return strategy in which investment returns are achieved through both capital appreciation (realized and unrealized) and current yield (interest and dividends). The university targets a diversified asset allocation that places a greater emphasis on equity-based investments to achieve its long-term return objectives within prudent risk constraints. The endowment assets are invested to provide a real total return that preserves the purchasing power of the endowment while generating an income stream to support the academic activities of the university. Actual returns may vary from this goal in any given year. The university's endowment spending policy is designed to provide a sustainable and predictable flow of funds to support annual operations. The spending policy is intended to balance current spending needs and to preserve the endowment's future purchasing power. The university applies a board specified spending rate to a moving average of endowment investment funds. The purpose of using a moving average is to smooth out any wide fluctuations in the market value. Endowment earnings in excess of the spending rate are added back to the principal of the endowment investments. Prior to fiscal year 2012, the board specified spending rate was 5%. Beginning with fiscal year 2012, the spending rate was reduced to 4% using a "soft landing" approach. The fiscal year 2011 appropriation will be used as the annual appropriation until the investment portfolio increases sufficiently over time to result in an effective 4% spending rate. Thereafter, the 4% spending rate would be applied against the average of the previous 16 quarters' fair value of the endowment portfolio. Effective for fiscal year 2022 the board approved a new spending policy to eliminate the soft landing approach to achieve the 4% spending rate. Instead, the board approved a gradual approach to the 4% spending policy to be achieved over a 3 year period. For fiscal year 2022, all endowment funds will be appropriated at a 5% spend rate. For fiscal year 2023, all endowment funds will be appropriated at a 4.5% spend rate. For fiscal year 2024 all endowment funds will be appropriated at a 4% spend rate. The board reduced the number of previous quarters' market values used to calculate the appropriation from 16 to 12. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The university is exempt from federal income taxes pursuant to Section 501(c)(3) of the Internal Revenue Code, except for any unrelated business income activities. The university recognizes the effects of income tax positions only if those positions are more likely than not of being sustained. The university evaluates, on an annual basis, the effects of any uncertain tax positions on its consolidated financial statements. The university has not identified or provided for any such positions as of June 30, 2022 and 2021 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY The university's racially non discriminatory policy link is clearly titled on the homepage, is highly visible to the public and is available throughout the tax year. The policy is also included in all forms of advertisement media relating to the recruitment of students and employees. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT The university receives various forms of financial aid from the government to support financial assistance provided to the students. The types of government assistance the university receives includes the following: -Federal Pell Grant -Federal Supplemental Educational Opportunity Grant (SEOG) -Federal Direct Loan Program -Federal Work Study Program The university receives government funding to support its organized research programs. These governmental grants help to further the university's mission by supporting organized research efforts in the areas of education, training, and public services. The public agencies that support the university's research activities are: -National Science Foundation -Department of Health and Human Services -United States Department of Education -United States Department of Energy -United States Department of Defense -Department of Veterans Affairs -The National Endowment for the Arts -The National Endowment for the Humanities Central America and the Caribbean 0 0 Investments 125265105 East Asia and the Pacific 0 0 Investments 6977700 Central America and the Caribbean 0 6 Program Services RECRUITING, RESEARCH 18769 Europe (Including Iceland and Greenland) 0 76 Program Services RECRUITING, RESEARCH 651331 Middle East and North Africa 0 12 Program Services RECRUITING, RESEARCH 101576 North America (Canada & Mexico only) 0 24 Program Services RECRUITING, RESEARCH 412865 South America 0 14 Program Services RECRUITING, RESEARCH 144011 South Asia 0 20 Program Services RECRUITING, RESEARCH 81945 Sub-Saharan Africa 0 16 Program Services RECRUITING, RESEARCH 252716 East Asia and the Pacific 0 55 Program Services RECRUITING, RESEARCH 383103 0 223 0 0 0 223 134289121 0 134289121 true false true true true false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; MIDDLE EAST AND NORTH AFRICA-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; SOUTH AMERICA-Accrual; SOUTH ASIA-Accrual; SUB-SAHARAN AFRICA-Accrual Parsons Fashion Benefit 1203391 1168191 35200 191454 115626 378544 92166 0 0 1203391 1168191 35200 191454 115626 378544 92166 777790 -742590 true SCHOLARSHIPS AND AWARDS 15192 165217547 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. Grants and other assistance awarded to individuals in the U.S. represent student financial aid. Student financial aid awards are determined by the university's assessment of academic achievement, financial need and other similar standards. Student financial services continuously monitors student eligibility for these awards. Student financial services is responsible for regulatory compliance. Student financial services ensures equity by applying all need analysis formulas consistently across the institution's population of student financial aid applicants and provides services that do not discriminate on the basis of race, gender ethnicity, sexual orientation, religion, disability, age, or economic status. The university receives various forms of financial aid from the government to support financial assistance provided to the students. The types of government assistance the university receives include the following: -Federal Pell Grant -Federal Supplemental Educational Opportunity Grant (SEOG) -Federal Direct Loan Program -Federal Work Study Program The university receives government funding to support its organized research programs. These governmental grants help to further the university's mission by supporting organized research efforts in the areas of education, training, and public services. The public agencies that support the university's research activities are: -National Science Foundation -Department of Health and Human Services -United States Department of Education -United States Department of Energy -United States Department of Defense -Department of Veteran Affairs -The National Endowment for the Arts -The National Endowment for the Humanities X X true true X X X X X false true false false false false false true false Dwight A McBride President 607443 0 100000 0 107601 0 298265 0 305941 0 1419250 0 0 0 Olatokumbo Shobowale Executive Vice President of Business Operations 436056 0 100000 0 68384 0 25000 0 960 0 630400 0 0 0 Anne Adriance SVP for Marketing and Business Development 375393 0 100000 0 4200 0 20773 0 40818 0 541184 0 0 0 Jerry Cutler SVP and General Counsel 361900 0 100000 0 17336 0 19250 0 807 0 499293 0 0 0 Lin Zhou SVP and Chief Information Officer 256987 0 0 0 20557 0 15500 0 40597 0 333641 0 0 0 Melanie Hart SVPEquity Inclusion and Social Justice Chief Diversity Officer 250565 0 0 0 919 0 12750 0 14497 0 278731 0 0 0 Jennifer Hobbs SVP of Administration and Chief of Staff 288771 0 0 0 475 0 16250 0 37867 0 343363 0 0 0 Renee White Provost & Executive Vice President for Academic Affairs 204852 0 0 0 47358 0 0 0 16001 0 268211 0 0 0 Jonah Nigh Senior Vice President for Development & Alumni Engagement 138886 0 0 0 172 0 11173 0 3982 0 154213 0 0 0 Stephanie Browner Interim Provost through 8/2021 459259 0 25000 0 66669 0 24575 0 13825 0 589328 0 48376 0 Rachel Schreiber Dean 304346 0 0 0 21761 0 17500 0 14441 0 358048 0 0 0 William Milberg Dean 275910 0 0 0 3970 0 15223 0 40585 0 335688 0 0 0 Mary Watson Dean 273228 0 0 0 22052 0 15582 0 3945 0 314807 0 0 0 Jennifer Wilson Acting Dean 255277 0 2500 0 1640 0 13750 0 14450 0 287617 0 0 0 Benjamin Lee Faculty 234550 0 0 0 83654 0 13135 0 37501 0 368840 0 0 0 Deborah Gibb Senior Managing Director New School Ventures 251251 0 50000 0 15298 0 13750 0 17270 0 347569 0 0 0 Carol Kim SV Provost Enrollment Management 344432 0 0 0 788 0 16250 0 37618 0 399088 0 0 0 Micheal Schober SV Provost 314755 0 0 0 1987 0 14500 0 16575 0 347817 0 0 0 Darrick Hamilton Faculty 319454 0 0 0 960 0 13250 0 14520 0 348184 0 0 0 David Van Zandt Former President/Current Advisor 287197 0 0 0 14506 0 0 0 512 0 302215 0 0 0 Joel Towers Former Dean / Current Faculty Member 227348 0 0 0 30670 0 12222 0 37729 0 307969 0 0 0 Bryna Mary Sanger SVP, Academic Affairs end 1.1.2021/Current Faculty Member 247052 0 0 0 14974 0 13940 0 40295 0 316261 0 0 0 Helen Wussow Dean ended 9.2020/ Current Faulty Memebr 252179 0 0 0 2620 0 13635 0 14393 0 282827 0 0 0 Richard Kessler Dean 321517 0 0 0 3530 0 17753 0 37942 0 380742 0 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use Campus housing was provided to the University President as a condition of employment for the convenience of the university, e.g. hosting faculty, staff, trustee, and fundraising events. President McBride's compensation includes $290,528 for housing and personal services (such as utilities and property upkeep). This amount is included in Part II, Column D as a nontaxable benefit. Per contractual agreement, the following individuals received a taxable housing allowance as reported on Part II, Column b(iii): -Joel Towers $29,100 -Benjamin Lee $79,900 Schedule J, Part I, Line 1a Personal services The President received personal services provided at the residence (such as utilities and property upkeep). This amount is included in Part II, Column D as a nontaxable benefit. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan The following employees listed on the Form 990, Part VII-A and Schedule J, Part II participated in a supplemental non-qualified retirement plan 457 (f) and received deferred compensation/contributions to the supplemental non-qualified retirement plan: -Dwight A. McBride $269,500 The following employees received 457(f) payouts as reported on Form 990, Part VII-A and Schedule J, Part II, Columns (B)(iii) and (F): Stephanie Browner $48,376 Schedule J, Part I, Line 7 Non-fixed payments Non-fixed performance bonus payments were provided to the following individuals as reported on Form 990, Part VII-A and Schedule J, Part II, Column(B)(ii): -Olatokumbo Shobowale$100,000 -Annette Adriance $100,000 -Dwight A. McBride $100,000 -Jerry Cutler $100,000 -Jennifer Wilson $2,500 -Stephanie Browner $25,000 -Deborah Gibb $50,000 A DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 65000BLQ9 2022-03-29 161423981 The 2022A issue will finance the costs of acquisition, renovation, and equipping of a 12-story build false false false B DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 64990BDW0 2015-05-01 140166569 The 2015 issue refunded issues dated 12/09/10, 11/21/2006, 6/16/2005, 10/16/2001, 5/20/1999 true false false C DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 64990CJH5 2016-11-15 350211770 The 2016A issue financed the acquisition of 34-42 West 14th Street and advanced refunded the series false false false A 0 161423981 1074166 116120000 15733431 28496384 true false false true B 10160000 7975000 140166569 1055942 139110628 2015 true true true true C 5045000 350211770 1640727 67118181 281452861 2016 false true true true A false false false false 0.0 false false true B false true false false 0.0 0.0 0.0 false true 0.0728 true C false true false false 0.0 0.0 0.0 false false true A false true false false false false false false true B false false false true false false false false true C false true false false false false false false true A true B true C true Schedule K, Part III, Line 4 PART III, LINE 4, BOND C A portion of the 2016A issue financed the acquisition of 34-42 West 14th Street NY, NY. At the time of the property acquisition there were hold-over tenants that will occupy the building prior to conversion to use of the entire building solely by the taxpayer for its tax-exempt purposes and that will eliminate all private use. Thus, during the reporting period covered by this filing, private business use of a portion of the 2016 bonds proceeds arises from such hold-over tenants and is reflected on Part III Lines 4 and 6. Importantly, bond counsel determined and advised that there are no private security or payments attributable to the 2016A bond issue, as reflected on Part III, Line 7. Schedule K, Part IV, Line 2c COLUMN B Issuer name: DORMITORY AUTHORITY OF THE STATE OF NEW YORK The calculation for computing no rebate due was performed on 07/01/2021 X 22 1515404 Selling cost X Steinway Piano 1 12000 Selling cost 1 false true false Schedule M, Part I SCHEDULE M, PART I, COLUMN (B) THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS IN SCHEDULE M, PART I, COLUMN (B). Form 990, Part III, Line 1 MISSION STATEMENT, CONTINUED * CREATIVITY, INNOVATION, AND CHALLENGING THE STATUS QUO, BOTH IN TERMS OF WHAT AND HOW WE TEACH, AND IN THE INTELLECTUAL AMBITIONS OF THE SCHOOL ITSELF; * SOCIAL ENGAGEMENT, ORIENTING STUDENTS' ACADEMIC EXPERIENCE TO HELP THEM BECOME CRITICALLY ENGAGED CITIZENS DEVOTED TO SOLVING PROBLEMS AND CONTRIBUTING TO THE PUBLIC GOOD. NOW AS THEN, THE NEW SCHOOL MUST EMBRACE THESE PRINCIPLES AND INNOVATE TO ADDRESS SHIFTS IN THE GLOBAL ECONOMY, SOCIETY, AND ENVIRONMENT. THESE SHIFTS REQUIRE THAT INDIVIDUALS GRAPPLE WITH COMPLEX PROBLEMS, LEAD MORE FLUID AND FLEXIBLE CAREERS, AND COLLABORATIVELY CREATE CHANGE. MISSION STATEMENT: WE WILL PREPARE OUR STUDENTS TO UNDERSTAND, CONTRIBUTE TO, AND SUCCEED IN A RAPIDLY CHANGING SOCIETY, AND THUS MAKE THE WORLD A BETTER AND MORE JUST PLACE. WE WILL ENSURE THAT OUR STUDENTS HAVE NOT ONLY THE ABILITIES THAT A SOUND LIBERAL ARTS EDUCATION PROVIDES, BUT ALSO THE CREATIVE COMPETENCIES ESSENTIAL FOR SUCCESS AND LEADERSHIP IN THE EMERGING CREATIVE SOCIETY AND ECONOMY. WE WILL ALSO LEAD IN GENERATING PRACTICAL AND THEORETICAL KNOWLEDGE THAT SEEKS TO UNDERSTAND OUR WORLD AND IMPROVE BOTH GLOBAL AND LOCAL SOCIETY AND THE PEOPLE WHO LIVE WITHIN. VISION WE ARE AND WILL BE A UNIVERSITY WHERE DESIGN AND SOCIAL RESEARCH DRIVE APPROACHES TO STUDYING THE ISSUES OF OUR TIME, SUCH AS DEMOCRACY, URBANIZATION, TECHNOLOGY, ECONOMIC EMPOWERMENT, SUSTAINABILITY, MIGRATION, AND GLOBALIZATION. WE WILL BE THE INTELLECTUAL AND CREATIVE CENTER FOR EFFECTIVE ENGAGEMENT IN A WORLD THAT INCREASINGLY DEMANDS BETTER-DESIGNED OBJECTS, COMMUNICATION, SYSTEMS, AND ORGANIZATIONS TO MEET SOCIAL AND HUMAN NEEDS. OUR VISION CORRESPONDS WITH SHIFTS IN THE GLOBAL ECONOMY, SOCIETY, AND ENVIRONMENT, WHICH ANIMATE OUR MISSION. EDUCATIONAL APPROACH WE WILL FULFILL OUR MISSION BY EXTENDING THE NEW SCHOOL'S LEGACY AS A NON-TRADITIONAL ACADEMIC COMMUNITY, NIMBLE AND RESPONSIVE TO CHANGE, THAT WILL: * FOCUS ON AND ENGAGE CONTEMPORARY CRITICAL ISSUES. PRIORITIZE THE IMPORTANCE OF HUMANITY AND CULTURE IN DESIGNING BETTER SYSTEMS AND ENVIRONMENTS TO IMPROVE THE HUMAN CONDITION, AN APPROACH THAT DRAWS FROM DESIGN THINKING AND THE LIBERAL, CREATIVE, AND PERFORMING ARTS. * PLACE PROJECT-BASED LEARNING AT THE CENTER OF THE LEARNING EXPERIENCE. * TAKE FULL ADVANTAGE OF OUR NEW YORK CITY LOCUS AND CONNECTIVITY TO GLOBAL URBAN CENTERS. Form 990, Part III, Line 4d Description of other program services (Expenses $ 58,286,279 including grants of $)(Revenue $ 48,305,010) AUXILIARY REVENUE FOR DORMITORIES AND DINING SERVICES Form 990, Part VI, Line 1a Delegate broad authority to a committee There is an Executive Committee of the Board of Trustees. The Executive Committee convenes between Board of Trustees meetings and is empowered by the bylaws to transact business and take action on behalf of The New School Board of Trustees, except to grant degrees or to make removals from office. The Executive Committee reviews and approves compensation of the President of the university upon the recommendation of the Compensation Committee of the Board of Trustees. No individual who will financially benefit from a compensation decision or other decision may be present at or otherwise participate in the deliberation or vote of the Executive Committee. The Executive Committee members include the Chair of the Board of Trustees, the Vice Chairs of the Board of Trustees, the president of the university, and any trustee who serves as the Chair of a Board of Governors for a school or college within the university. Form 990, Part VI, Line 11b Review of form 990 by governing body The Audit and Risk Committee of the Board of Trustees has been delegated responsibility for reviewing the annual Form 990. Following the Audit and Risk Committee review, the 990 is distributed to the full Board of Trustees prior to its submission. Form 990, Part VI, Line 12c Conflict of interest policy The New School's policy on conflicts of interest applies to all Board of Trustee members, the senior management, as well as certain designated staff and faculty. The policy recognizes that members of the university's Board of Trustees and senior management may, from time to time, be associated, either directly or indirectly, with companies doing business with the university. The policy prohibits members of the Board of Trustees or its committees, and senior managers of the university from participating in any decisions in which he or she (or an immediate family member) has a material financial interest. For members of the Board of Trustees and senior management, the university requires an annual disclosure of significant financial interest in, or employment or consulting relationships with, entities doing business with the university. When such relationships exist, measures are taken to address the actual or perceived conflict to protect the best interest of the university and ensure compliance with relevant conflict of interest laws. The policy also requires designated administrative and academic staff, and faculty to review the policy every year and provide to the Office of Human Resources a written certification that he/she is in compliance with the policy and discloses any relationships that may represent a conflict of interest as defined by the letter or spirit of the university policy on conflicts of interest. In addition, the annual certification requires disclosure of any activities, including outside employment and professional relationships and/or transactions which might appear or actually involve a conflict of interest with one's fiduciary, employment, or other relationship with the university. Upon review of the circumstances surrounding the conflict or potential conflict of interest involving a Trustee, Officer, Dean or Designated head of a School or program, Key Employee, Member of the Board of Governors or similar advisory committees, the Chief Legal Officer shall make a recommendation to the Chairman of the Board of Trustees and the President of the University as to whether the Chairman and the President should (i) determine the conflict situation or potential conflict situation to be inconsequential and approve the situation; (ii) determine the conflict situation or potential conflict situation to be consequential and avoid the situation; or (iii) refer the conflict of interest situation to a sub-committee of the Executive Committee of the Board of Trustees. Form 990, Part VI, Line 15a Process to establish compensation of top management official The Compensation Committee of the Board of Trustees is comprised of members of the Executive Committee selected by the Chair of the Board. The Compensation Committee reviews and approves compensation terms, salaries, and contracts (if appropriate), for the deans and other officers prior to hire and for renewals and promotions. The foregoing shall include additional compensation and benefits for the deans, and officers annually, such as housing allowances, bonuses, severance packages, or any proposed new benefits. The Committee is charged with assuring compliance with intermediate sanction procedures and requirements to the extent applicable to any compensation. The Committee also recommends the compensation (including salary, benefits, and other remuneration) of the President of the university to the Executive Committee for review and approval. Further, the Committee is charged with developing salary and benefits for incoming presidents and renewal of contracts for incumbent presidents for submission to the Executive Committee for approval. Additional duties of the Compensation Committee include reviewing compensation for comparable positions benchmarked against peer groups and hiring an executive compensation consultant on a regular basis. The Committee also reviews internal candidates proposed to serve as interim deans if needed, and annually reviews the list of university employees whose salaries categorize them as highly compensated individuals under IRS pension provisions. Additional authority and duties are conferred upon the Compensation Committee in accordance with the needs and initiatives of the Board of Trustees. Contemporaneous notes are taken to document the process. Form 990, Part VI, Line 15b Process to establish compensation of other employees As noted above, the Compensation Committee annually reviews the list of university officers and key employees whose salaries categorize them as highly compensated individuals under IRS pension provisions. The Compensation Committee did not conduct a review and approval of compensation as outlined above during tax year 2022 due to scheduling conflicts but are scheduled to review this information in the first quarter of 2023. Form 990, Part VI, Line 19 Required documents available to the public The university makes its governing documents, conflict of interest policy, Form 990 and financial statements available to the public upon request. Also, Federal Form 990, which includes financial and other disclosures, is available on Guidestar. Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN VALUE OF SPLIT INTEREST - 5557; CHANGE IN POSTRETIREMENT BENEFITS - 871609; LOSS ON UNCOLLECTIBLE PLEDGES - -2557489; Debt Refinancing - 1086159; FREUNDE UND FORDERER VON THE NEW SCHOOL FACILITATE CONTRIBUTIONS GM 501(c)(3) 2 THE NEW SCHOOL true TNS PARSONS EDUCATION AND RESEARCH FR THE NEW SCHOOL true ANATOL SHULKIN MEMORIAL SCHOLARSHIP C/O THE NEW SCHOOL 79 FIFTH AVENUE 16TH FLOOR NEW YORK NY 10003 133010477 AWARDS SCHOLARSHIPS FOR ART & DESIGN NY 501(c)(3) PF THE NEW SCHOOL true Charitable remainder trusts (4) C/O THE NEW SCHOOL 66 WEST 12TH STREET New York NY 10011 Charitable remainder trust NY The New School Trust true false false false false false false false false false false false false true false true false false false false TNS PARSONS M 7611355 COST