NEW YORK INSTITUTE OF TECHNOLOGY: Form 990, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- NEW YORK INSTITUTE OF TECHNOLOGY (EIN 11-1788788)
- Tax period
- 2018-09-01 to 2019-08-31
- Filed
- 2020-07-10
- IRS object ID
- 202001929349302610
- Schema version
- 2018v3.3
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-07-10T16:44:34-05:00 | ReturnTs |
| Tax Period End | 2019-08-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT THORNTON LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 757 THIRD AVENUE 3RD FLOOR | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100172013 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2018-09-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 111788788 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | New York Institute of Technology | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % BARBARA HOLAHAN | InCareOfNm |
| Business Name Control | NEWY | BusinessNameControlTxt |
| Phone | 5166867915 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | NORTHERN BLVD GERRY HOUSE Suite 200 | AddressLine1Txt |
| City | OLD WESTBURY | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11568 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BARBARA J HOLAHAN | PersonNm |
| Person Title | CFO & TREASURER | PersonTitleTxt |
| Phone | 3474737400 | PhoneNum |
| Signature | 2020-07-10 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | SCOTT THOMPSETT | PreparerPersonNm |
| PTIN | P00741490 | PTIN |
| Phone | 2125990100 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 69.248.129.53 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Federal Original Submission Id | 26377520201925000024 | FederalOriginalSubmissionId |
| Federal Original Submission Id | 2020-07-10 | FederalOriginalSubmissionIdDt |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 8AD3A003972A0FFAB7AABDBC572466F87D231599 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 3426759E5436679D67E81126D5284ACE9FC9833D | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | HENRY FOLEY PHD | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | NORTHERN BLVD GERRY HOUSE | AddressLine1Txt |
| City | OLD WESTBURY | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11568 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $397,885,715 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.NYIT.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1955 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | PROVIDE CAREER-ORIENTED PROFESSIONAL EDUCATION; GIVE ALL QUALIFIED STUDENTS ACCESS TO OPPORTUNITY; SUPPORT RESEARCH AND SCHOLARSHIP THAT BENEFIT THE LARGER WORLD. | ActivityOrMissionDesc |
| Voting Members Governing Body | 16 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 16 | VotingMembersIndependentCnt |
| Total Employee | 3179 | TotalEmployeeCnt |
| Total Volunteers | 10 | TotalVolunteersCnt |
| Total Gross UBI | $4,545,157 | TotalGrossUBIAmt |
| PY Contributions Grants | $7,335,115 | PYContributionsGrantsAmt |
| CY Contributions Grants | $8,029,840 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $304,239,598 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $314,446,447 | CYProgramServiceRevenueAmt |
| PY Investment Income | $8,104,071 | PYInvestmentIncomeAmt |
| CY Investment Income | $3,080,090 | CYInvestmentIncomeAmt |
| PY Other Revenue | $7,501,606 | PYOtherRevenueAmt |
| CY Other Revenue | $8,561,240 | CYOtherRevenueAmt |
| PY Total Revenue | $327,180,390 | PYTotalRevenueAmt |
| CY Total Revenue | $334,117,617 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $53,689,219 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $60,045,767 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $153,169,841 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $158,607,475 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $2,423,076 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $106,932,462 | PYOtherExpensesAmt |
| CY Other Expenses | $113,245,912 | CYOtherExpensesAmt |
| PY Total Expenses | $313,791,522 | PYTotalExpensesAmt |
| CY Total Expenses | $331,899,154 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $13,388,868 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $2,218,463 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $331,766,897 | TotalAssetsBOYAmt |
| Total Assets EOY | $318,333,196 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $180,577,642 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $166,885,325 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $151,189,255 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $151,447,871 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | NEW YORK INSTITUTE OF TECHNOLOGY (NYIT) OFFERS 90 DEGREE PROGRAMS, INCLUDING UNDERGRADUATE, GRADUATE, AND PROFESSIONAL DEGREES, IN MORE THAN 50 FIELDS OF STUDY, INCLUDING ARCHITECTURE AND DESIGN; ARTS AND SCIENCES; EDUCATION; ENGINEERING AND COMPUTING SCIENCES; HEALTH PROFESSIONS; MANAGEMENT; AND MEDICINE. NYIT IS A NON-PROFIT, INDEPENDENT, PRIVATE, AND NONSECTARIAN INSTITUTION OF HIGHER EDUCATION. SINCE 1955, NYIT HAS PURSUED ITS MISSION TO: -PROVIDE CAREER-ORIENTED PROFESSIONAL EDUCATION -GIVE ALL QUALIFIED STUDENTS ACCESS TO OPPORTUNITY -SUPPORT RESEARCH AND SCHOLARSHIP THAT BENEFIT THE LARGER WORLD | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $310,299,248 | ExpenseAmt |
| Grant | $60,045,767 | GrantAmt |
| Revenue | $312,351,018 | RevenueAmt |
| Desc | NYIT PROVIDES UNDERGRADUATE, GRADUATE, AND DOCTORAL INSTRUCTION TO A DIVERSE STUDENT POPULATION. APPROXIMATELY 11,000 STUDENTS ATTENDED THE INSTITUTION LAST YEAR AND 2,638 GRADUATED. APPROXIMATELY 11,000 STUDENTS BECOME ENGAGED, TECHNOLOGICALLY SAVVY PHYSICIANS, ARCHITECTS, SCIENTISTS, ENGINEERS, BUSINESS LEADERS, DIGITAL ARTISTS, HEALTH CARE PROFESSIONALS, AND MORE. WITH CAMPUSES IN NORTH AMERICA, CHINA, AND THE MIDDLE EAST AS WELL AS ONLINE, NYIT'S STUDENT AND FACULTY GLOBAL EXCHANGE PROGRAMS, UNIQUE EXPERIENTIAL LEARNING PROGRAMS, AND NUMEROUS EXTRA- AND CO-CURRICULAR OPPORTUNITIES COMBINE TO CREATE A UNIQUE, 21ST-CENTURY LEARNING EXPERIENCE. THE INSTITUTE OFFERS THE FOLLOWING SCHOOLS AND COLLEGES: COLLEGE OF ARTS AND SCIENCES COLLEGE OF OSTEOPATHIC MEDICINE SCHOOL OF ARCHITECTURE AND DESIGN COLLEGE OF ENGINEERING AND COMPUTING SCIENCES SCHOOL OF HEALTH PROFESSIONS SCHOOL OF MANAGEMENT THE INSTITUTE OFFERS THE FOLLOWING DEGREES: ASSOCIATE IN APPLIED SCIENCE BACHELOR OF ARCHITECTURE BACHELOR OF ARTS BACHELOR OF FINE ARTS BACHELOR OF PROFESSIONAL STUDIES BACHELOR OF SCIENCE MASTER OF ARTS MASTER OF ARTS IN TEACHING MASTER OF BUSINESS ADMINISTRATION MASTER OF FINE ARTS MASTER OF SCIENCE DOCTOR OF PHILOSOPHY DOCTOR OF PHYSICAL THERAPY DOCTOR OF OSTEOPATHIC MEDICINE PROGRAMMATIC REVENUES REPRESENT TUITION AND FEES, ROOM AND BOARD, THE VOCATIONAL INDEPENDENCE PROGRAM, ANCILLARY EDUCATIONAL SERVICES, AND OTHER EDUCATIONAL PROGRAMS (REPORTED ON LINE 11(D) OF PART VIII OF THE 990). | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $5,604,703 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $2,991,979 | RevenueAmt |
| Desc | NYIT'S ACADEMIC HEALTH CARE CENTERS OFFER HEALTH AND MEDICAL SERVICES TO STUDENTS, FACULTY, STAFF, AND COMMUNITY MEMBERS. THE CENTERS ARE STAFFED BY PHYSICIANS FROM NYIT'S COLLEGE OF OSTEOPATHIC MEDICINE -- ONE OF THE NATION'S MOST PRESTIGIOUS OSTEOPATHIC MEDICAL SCHOOLS -- AS WELL AS MEDICAL STUDENTS WHO ARE PREPARING TO ENTER VARIOUS HEALTH PROFESSIONS. THESE PRIMARY CARE CENTERS ARE OPERATED IN OLD WESTBURY AND CENTRAL ISLIP AND ARE STAFFED BY FACULTY FROM THE DEPARTMENTS OF FAMILY PRACTICE, CLINICAL SPECIALTIES, OSTEOPATHIC MANIPULATIVE MEDICINE, AS WELL AS PHYSICAL, OCCUPATIONAL, SPEECH THERAPISTS AND EXERCISE PHYSIOLOGISTS. THE CLINICS ARE AS FOLLOWS: A. W. KENNETH RILAND ACADEMIC HEALTH CARE CENTER: THIS PRIMARY CARE CLINIC SERVES THE OLD WESTBURY, N.Y., CAMPUS AND COMMUNITY. B. CENTRAL ISLIP FAMILY HEALTH CARE CENTER THIS 7,000-SQUARE-FOOT FACILITY SERVES THE CENTRAL ISLIP, N.Y., COMMUNITY USING AN ADVANCED MEDICAL RECORDS DATABASE AND BOARD-CERTIFIED PHYSICIANS UTILIZING OSTEOPATHIC MANIPULATIVE MEDICINE TO TREAT A WIDE RANGE OF AILMENTS. THESE CLINICS OFFER A WIDE VARIETY OF SERVICES, INCLUDING: ACUPUNCTURE, BREAST HEALTH, CLINICAL PSYCHOLOGY, FAMILY MEDICINE, GENERAL INTERNAL MEDICINE, GENETIC COUNSELING, OCCUPATIONAL THERAPY, OSTEOPATHIC MANIPULATIVE MEDICINE, PARKINSONS DISEASE TREATMENT, PEDIATRICS, PHYSICAL THERAPY, SPEECH PATHOLOGY AND TAI CHI. C. ADELE SMITHERS PARKINSONS DISEASE TREATMENT CENTER - THIS CENTER IS DEDICATED TO PARKINSONS DISEASE TREATMENT, COMMUNITY AWARENESS, RESEARCH, AND ENSURING THAT PATIENTS MAINTAIN THE BEST QUALITY OF LIFE. D. NYIT CENTER FOR SPORTS MEDICINE - THIS CENTER OFFERS INJURY EVALUATIONS, CARDIOPULMONARY EXERCISE TESTING, DIETARY AND NUTRITIONAL GUIDANCE, AND OTHER SPORTS-RELATED TREATMENT. E. EHLERS-DANLOS SYNDROME/HYPERMOBILITY TREATMENT CENTER. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $315,903,951 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (true) | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | Yes (true) | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (true) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (true) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (true) | SchoolOperatingInd |
| Foreign Office | Yes (true) | ForeignOfficeInd |
| Foreign Activities | Yes (true) | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (true) | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | Yes (true) | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| IRP Document | 163 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 3179 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | Yes (true) | ForeignFinancialAccountInd |
| Foreign Country | EG | ForeignCountryCd |
| Foreign Country | CA | ForeignCountryCd |
| Foreign Country | BA | ForeignCountryCd |
| Foreign Country | AE | ForeignCountryCd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (true) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (true) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 16 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 16 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BARBARA HOLAHAN | PersonNm |
| Phone | 5166867555 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | NORTHERN BLVD GERRY HOUSE RM 200 | AddressLine1Txt |
| City | OLD WESTBURY | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11568 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (34 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|---|
| HENRY FOLEY Non-Voting | ||||||||||
| PRESIDENT | 60.0 | 0.0 | Yes (X) | Yes (X) | $886,440 | $0 | $43,583 | |||
| KEVIN D SILVA | ||||||||||
| CHAIRPERSON | 5.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| PETER J ROMANO | ||||||||||
| VICE CHAIR | 5.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL J MERLO | ||||||||||
| VICE CHAIR | 5.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| CATHERINE ALLEN | ||||||||||
| TRUSTEE | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| ERNIE ANASTOS | ||||||||||
| TRUSTEE (THRU 09/18) | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| RICHARD A CODY | ||||||||||
| TRUSTEE (Thru 09/18) | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| PHILIP FASANO | ||||||||||
| TRUSTEE | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| PETER FERENTINOS | ||||||||||
| TRUSTEE | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| DAN FERRARA | ||||||||||
| TRUSTEE (as of 04/19) | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| ITZHAK FISHER | ||||||||||
| TRUSTEE | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| SHARON GREENBERGER | ||||||||||
| TRUSTEE (Thru 12/18) | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| ALAN C GUARINO | ||||||||||
| trustee (thru 09/18) | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| HENRY IERVOLINO | ||||||||||
| TRUSTEE | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| TED MOUDIS | ||||||||||
| TRUSTEE | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| MONTE N REDMAN | ||||||||||
| TRUSTEE | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| ROGER SAWHNEY | ||||||||||
| TRUSTEE | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| DEBORAH VERDERAME MARCIANO | ||||||||||
| TRUSTEE | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| CAROLINE WATTEEUW | ||||||||||
| TRUSTEE | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| ROBERT A WILD ESQ | ||||||||||
| TRUSTEE | 5.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| LEONARD AUBREY | ||||||||||
| CFO and TREASURER (Thru 12/18) | 40.0 | 0.0 | Yes (X) | $571,565 | $0 | $43,574 | ||||
| CATHERINE FLICKINGER | ||||||||||
| general counsel and secretary | 40.0 | 0.0 | Yes (X) | $616,724 | $0 | $44,382 | ||||
| BARBARA J HOLAHAN | ||||||||||
| CFO & TREASURER (AS OF 12/18) | 40.0 | 0.0 | Yes (X) | $231,517 | $0 | $24,500 | ||||
| Eileen Valerio As of 012019 | ||||||||||
| Controller & Asst. Treasurer | 40.0 | 0.0 | Yes (X) | $174,312 | $0 | $55,278 | ||||
| JERRY BALENTINE | ||||||||||
| vp for med affairs&glbl health | 40.0 | 0.0 | $850,016 | $0 | $56,809 | Yes (X) | ||||
| Nada Assaf-Anid | ||||||||||
| dean | 40.0 | 0.0 | $347,823 | $0 | $29,794 | Yes (X) | ||||
| Junius Gonzales | ||||||||||
| Provost & Vice President | 40.0 | 0.0 | $369,507 | $0 | $14,303 | Yes (X) | ||||
| WOLFGANG GILLIAR | ||||||||||
| DEAN MEDICAL SCHOOL | 40.0 | 0.0 | $400,844 | $0 | $22,678 | Yes (X) | ||||
| SHANE SPEIGHTS | ||||||||||
| SITE DEAN NYITCOM | 40.0 | 0.0 | $424,940 | $0 | $50,809 | Yes (X) | ||||
| Peter Dane | ||||||||||
| professor & ASSOCIATE DEAN | 40.0 | 0.0 | $313,655 | $0 | $44,050 | Yes (X) | ||||
| NICOLE WADSWORTH | ||||||||||
| Professor & Senior Associate D | 40.0 | 0.0 | $328,700 | $0 | $25,578 | Yes (X) | ||||
| Gabriel Sunshine | ||||||||||
| Former Professor | 40.0 | 0.0 | $320,059 | $0 | $5,515 | Yes (X) | ||||
| Mark Hampton | ||||||||||
| Vice President | 40.0 | 0.0 | $213,472 | $0 | $33,006 | Yes (X) | ||||
| LOU REINISCH | ||||||||||
| ASSOCIATE PROVOST | 40.0 | 0.0 | $229,470 | $0 | $40,482 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $6,279,044 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $534,341 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 290 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (true) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| POSILICO CIVIL INC | |||||
| 1750 NEW HIGHWAY | FARMINGDALE | NY | 11735 | CONSTRUCTION | $4,020,630 |
| Universal Protection Service LP | |||||
| 50 JACKSON AVE | SYOSSET | NY | 11791 | SECURITY | $2,356,743 |
| HUAJING GROUP CORP | |||||
| 866 UNITED NATIONS PLZ | NEW YORK | NY | 100171822 | RECRUITING SERVICES | $1,122,223 |
| WJ REGAN COMPANY LLC | |||||
| 767 CHARNWOOD DRIVE | WYCKOFF | NJ | 07481 | CONSTRUCTION | $905,688 |
| OBERLAND INC | |||||
| 27 W 24th Street suite 802 | NEW YORK | NY | 10010 | ADVERTISING | $889,400 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 62 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $29,361 | FundraisingAmt |
| Government Grants | $754,609 | GovernmentGrantsAmt |
| All Other Contributions | $7,245,870 | AllOtherContributionsAmt |
| Total Contributions | $8,029,840 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| TUITION AND FEES | 611600 | $294,548,049 | $294,548,049 | |
| ROOM AND BOARD | 900099 | $8,816,000 | $8,816,000 | |
| STUDENT INSURANCE PREMIUMS | 900099 | $5,980,023 | $5,980,023 | |
| MEDICAL OUTREACH CENTERS | 611600 | $3,247,511 | $3,247,511 | |
| ANCILLARY STUDENT SERVICES | 721310 | $1,810,231 | $1,810,231 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $44,633 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $44,633 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $314,446,447 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,859,530 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$339 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,859,869 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $514,085 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $514,085 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $514,085 | TotalRevenueColumnAmt |
| Exclusion | $514,085 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $62,206,637 | SecuritiesAmt |
| Other | $1,750,335 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $62,048,612 | SecuritiesAmt |
| Other | $1,687,800 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $158,025 | SecuritiesAmt |
| Other | $62,535 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $220,560 | TotalRevenueColumnAmt |
| Exclusion | $220,560 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $7,423 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $29,361 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $31,686 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$24,263 | TotalRevenueColumnAmt |
| Exclusion | -$24,263 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $0 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $0 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $0 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|
| DESEVERSKY CONFERENCE CENTER | 900099 | $3,333,760 | $3,333,760 |
| STUDENT DINING | 900099 | $805,130 | $805,130 |
| NYIT ON BROADWAY AUDITORIUM | 900099 | $406,606 | $406,606 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,525,922 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,635,065 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $890,857 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $8,071,418 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $334,117,617 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $315,271,281 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $4,545,157 | UnrelatedBusinessRevenueAmt |
| Exclusion | $6,271,339 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $127,716 | TotalAmt |
| Program Services | $127,716 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $59,918,051 | TotalAmt |
| Program Services | $59,918,051 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,307,385 | TotalAmt |
| Program Services | $2,215,090 | ProgramServicesAmt |
| Management And General | $92,295 | ManagementAndGeneralAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $115,851,022 | TotalAmt |
| Program Services | $110,531,662 | ProgramServicesAmt |
| Management And General | $4,610,409 | ManagementAndGeneralAmt |
| Fundraising | $708,951 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,206,116 | TotalAmt |
| Program Services | $6,876,076 | ProgramServicesAmt |
| Management And General | $286,803 | ManagementAndGeneralAmt |
| Fundraising | $43,237 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,559,832 | TotalAmt |
| Program Services | $22,480,792 | ProgramServicesAmt |
| Management And General | $937,681 | ManagementAndGeneralAmt |
| Fundraising | $141,359 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,683,120 | TotalAmt |
| Program Services | $9,239,633 | ProgramServicesAmt |
| Management And General | $385,388 | ManagementAndGeneralAmt |
| Fundraising | $58,099 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $497,816 | TotalAmt |
| Management And General | $497,816 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $63,060 | TotalAmt |
| Management And General | $63,060 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $60,000 | TotalAmt |
| Program Services | $60,000 | ProgramServicesAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $256,309 | TotalAmt |
| Management And General | $256,309 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,686,786 | TotalAmt |
| Program Services | $8,718,107 | ProgramServicesAmt |
| Management And General | $968,679 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,287,575 | TotalAmt |
| Program Services | $3,709,014 | ProgramServicesAmt |
| Management And General | $154,520 | ManagementAndGeneralAmt |
| Fundraising | $424,041 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,025,645 | TotalAmt |
| Program Services | $13,523,081 | ProgramServicesAmt |
| Management And General | $1,051,795 | ManagementAndGeneralAmt |
| Fundraising | $450,769 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $33,136,821 | TotalAmt |
| Program Services | $31,811,348 | ProgramServicesAmt |
| Management And General | $1,325,473 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,856,532 | TotalAmt |
| Program Services | $2,578,357 | ProgramServicesAmt |
| Management And General | $107,432 | ManagementAndGeneralAmt |
| Fundraising | $170,743 | FundraisingAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,328,980 | TotalAmt |
| Program Services | $3,004,797 | ProgramServicesAmt |
| Management And General | $125,200 | ManagementAndGeneralAmt |
| Fundraising | $198,983 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $942,657 | TotalAmt |
| Program Services | $906,900 | ProgramServicesAmt |
| Management And General | $35,757 | ManagementAndGeneralAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,325,925 | TotalAmt |
| Program Services | $17,591,916 | ProgramServicesAmt |
| Management And General | $734,009 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,285,769 | TotalAmt |
| Program Services | $6,957,909 | ProgramServicesAmt |
| Management And General | $291,431 | ManagementAndGeneralAmt |
| Fundraising | $36,429 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| EQUIPMENT RENTAL AND MAINT | $6,209,661 | $5,961,268 | $248,393 |
| INTERNATIONAL PROGRAMS | $3,652,134 | $3,506,049 | $146,085 |
| HOSPITAL ROTATIONS | $2,763,117 | $2,652,316 | $110,801 |
| BAD DEBT | $1,245,536 | $1,245,536 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,621,589 | TotalAmt |
| Program Services | $2,288,333 | ProgramServicesAmt |
| Management And General | $1,142,791 | ManagementAndGeneralAmt |
| Fundraising | $190,465 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $331,899,154 | TotalAmt |
| Program Services | $315,903,951 | ProgramServicesAmt |
| Management And General | $13,572,127 | ManagementAndGeneralAmt |
| Fundraising | $2,423,076 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $62,368,225 | BOYAmt |
| EOY | $48,244,687 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,451,461 | BOYAmt |
| EOY | $7,986,779 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,868,970 | BOYAmt |
| EOY | $15,165,440 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,670,141 | BOYAmt |
| EOY | $4,569,946 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $336,010,753 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $197,124,190 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $145,531,480 | BOYAmt |
| EOY | $138,886,563 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $76,396,417 | BOYAmt |
| EOY | $75,650,117 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,694,684 | BOYAmt |
| EOY | $25,851,772 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,785,519 | BOYAmt |
| EOY | $1,977,892 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $331,766,897 | BOYAmt |
| EOY | $318,333,196 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $34,080,360 | BOYAmt |
| EOY | $37,523,368 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $86,893,171 | BOYAmt |
| EOY | $75,970,765 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $59,604,111 | BOYAmt |
| EOY | $53,391,192 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $180,577,642 | BOYAmt |
| EOY | $166,885,325 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $140,657,481 | BOYAmt |
| EOY | $139,559,509 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,237,384 | BOYAmt |
| EOY | $6,298,913 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,294,390 | BOYAmt |
| EOY | $5,589,449 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $151,189,255 | BOYAmt |
| EOY | $151,447,871 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $331,766,897 | BOYAmt |
| EOY | $318,333,196 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $2,218,463 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $288,100 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$2,247,947 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grassroots Lobbying | TotalGrassrootsLobbyingGrp | |
| Total Direct Lobbying | TotalDirectLobbyingGrp | |
| Total Lobbying Expend | TotalLobbyingExpendGrp | |
| Other Exempt Purpose Expend | OtherExemptPurposeExpendGrp | |
| Total Exempt Purpose Expend | TotalExemptPurposeExpendGrp | |
| Lobbying Nontaxable Amount | LobbyingNontaxableAmountGrp | |
| Grassroots Nontaxable | GrassrootsNontaxableGrp | |
| Tot Lbbyng Grassroot Mns Non Tx | TotLbbyngGrassrootMnsNonTxGrp | |
| Tot Lbby Expend Mns Lbbyng Non Tx | TotLbbyExpendMnsLbbyngNonTxGrp | |
| Volunteers | false | VolunteersInd |
| Paid Staff Or Management | false | PaidStaffOrManagementInd |
| Media Advertisements | false | MediaAdvertisementsInd |
| Mailings Members | false | MailingsMembersInd |
| Publications Or Broadcast | false | PublicationsOrBroadcastInd |
| Grants Other Organizations | false | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | false | DirectContactLegislatorsInd |
| Rallies Demonstrations | false | RalliesDemonstrationsInd |
| Other Activities | Yes (true) | OtherActivitiesInd |
| Other Activities | $60,000 | OtherActivitiesAmt |
| Total Lobbying Expenditures | $60,000 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | false | NotDescribedSection501c3Ind |
| Form4720 Filed4912 Tax | false | Form4720Filed4912TaxInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Lobbying Expenses | FormAndLineReferenceDesc |
| Explanation | SCHEDULE C, PART II-B, LINE 1G THE INSTITUTE DOES NOT ENGAGE IN ANY DIRECT LOBBYING ACTIVITY ITSELF; HOWEVER, THE INSTITUTE HAS ENGAGED A THIRD PARTY CONSULTANT TO ADVOCATE ON VARIOUS EDUCATIONAL ISSUES AND TO COLLABORATE WITH KEY POLICYMAKERS IN THE EXECUTIVE AND THE STATE LEGISLATURE ON ISSUES IMPORTANT TO THE INSTITUTE. THIS CONSULTANT WAS PAID $60,000 IN FISCAL YEAR 2019. IN ADDITION, THE INSTITUTE IS A DUES-PAYING MEMBER IN VARIOUS HIGHER EDUCATION MEMBERSHIP ORGANIZATIONS (E.G. - NACUBO). A PORTION OF THESE MEMBERSHIP DUES MAY BE ATTRIBUTABLE TO LOBBYING ACTIVITIES (BUT HAS NOT BEEN QUANTIFIED FOR SCHEDULE C PURPOSES). | ExplanationTxt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Historic Structure | Yes (X) | HistoricStructureInd |
| Total Easements | 1 | TotalEasementsCnt |
| Total Acreage | 32.00 | TotalAcreageCnt |
| Historic Structure Easements | 1 | HistoricStructureEasementsCnt |
| Historic Strctr Easements Aftr | 1 | HistoricStrctrEasementsAftrCnt |
| States Easements Held | 1 | StatesEasementsHeldCnt |
| Written Policy Monitoring | false | WrittenPolicyMonitoringInd |
| Section170h Rqr Stsfd | false | Section170hRqrStsfdInd |
| Art Public Exhibition Amounts | ArtPublicExhibitionAmountsGrp | |
| Held Works Art | HeldWorksArtGrp |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $85,438,132 | BeginningYearBalanceAmt |
| Contributions | $4,774,035 | ContributionsAmt |
| Investment Earnings Or Losses | $2,316,324 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $308,264 | GrantsOrScholarshipsAmt |
| Other Expenditures | $4,084,024 | OtherExpendituresAmt |
| Administrative Expenses | $227,279 | AdministrativeExpensesAmt |
| End Year Balance | $87,908,924 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $110,508,940 | BeginningYearBalanceAmt |
| Contributions | $1,332,294 | ContributionsAmt |
| Investment Earnings Or Losses | -$387,743 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $9,000 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $188,167 | AdministrativeExpensesAmt |
| End Year Balance | $111,256,324 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $103,378,802 | BeginningYearBalanceAmt |
| Contributions | $283,301 | ContributionsAmt |
| Investment Earnings Or Losses | $7,216,653 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $21,000 | GrantsOrScholarshipsAmt |
| Administrative Expenses | $348,816 | AdministrativeExpensesAmt |
| End Year Balance | $110,508,940 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $100,498,950 | BeginningYearBalanceAmt |
| Contributions | $380,849 | ContributionsAmt |
| Investment Earnings Or Losses | $2,202,801 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $25,000 | GrantsOrScholarshipsAmt |
| Administrative Expenses | -$321,202 | AdministrativeExpensesAmt |
| End Year Balance | $103,378,802 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $100,551,291 | BeginningYearBalanceAmt |
| Contributions | $1,681,281 | ContributionsAmt |
| Investment Earnings Or Losses | -$1,678,622 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $55,000 | GrantsOrScholarshipsAmt |
| End Year Balance | $100,498,950 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.90190 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.05930 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.03880 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,798,838 | OtherCostOrOtherBasisAmt |
| Book Value | $4,798,838 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $19,217,251 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $209,370,226 | OtherCostOrOtherBasisAmt |
| Depreciation | $133,635,169 | DepreciationAmt |
| Book Value | $94,952,308 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovementsGrp |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $93,921,355 | OtherCostOrOtherBasisAmt |
| Depreciation | $63,489,021 | DepreciationAmt |
| Book Value | $30,432,334 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $8,703,083 | OtherCostOrOtherBasisAmt |
| Book Value | $8,703,083 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $138,886,563 | TotalBookValueLandBuildingsAmt |
| Financial Derivatives | FinancialDerivativesGrp | |
| Closely Held Equity Interests | CloselyHeldEquityInterestsGrp |
Other Securities OtherSecuritiesGrp (2 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| HEDGE FUNDS | $16,250,986 | F |
| LIMITED PARTNERSHIPS | $9,600,786 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $25,851,772 | TotalBookValueSecuritiesAmt |
| Federal Income Tax Liability | $0 | FederalIncomeTaxLiabilityAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| BONDS PAYABLE | $30,489,875 |
| REFUNDABLE GRANTS AND US GOVT | $14,384,265 |
| POST-RETIREMENT HEALTH BENEFIT | $8,517,052 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $53,391,192 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $269,763,607 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$4,179,650 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$59,918,051 | OtherRevenueAmt |
| Revenue Not Reported | -$64,097,701 | RevenueNotReportedAmt |
| Revenue Subtotal | $333,861,308 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $256,309 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $256,309 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $334,117,617 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $267,257,044 | TotExpnsEtcAuditedFinclStmtAmt |
| Losses Reported | -$4,467,750 | LossesReportedAmt |
| Expenses Not Reported | -$4,467,750 | ExpensesNotReportedAmt |
| Expenses Subtotal | $271,724,794 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $256,309 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $59,918,051 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $60,174,360 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $331,899,154 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| CONSERVATION EASEMENT | SCHEDULE D, PART II, LINE 9 NYIT REPORTS CONSERVATION EASEMENTS ON THE BALANCE SHEET AS INVESTMENTS IN REAL ESTATE AT FAIR VALUE. THE INSTITUTE'S AUDITED FINANCIAL STATEMENTS DO NOT INCLUDE A FOOTNOTE DESCRIBING ITS ACCOUNTING FOR CONSERVATION EASEMENTS. |
| USE OF ENDOWMENT FUNDS | SCHEDULE D, PART V, LINE 4 THE INSTITUTE'S ENDOWMENT CONSISTS OF A BOARD-DESIGNATED QUASI-ENDOWMENT, PLUS 43 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF RESTRICTED AND DESIGNATED PURPOSES. INCOME GENERATED BY THE RESTRICTED ENDOWMENT FUNDS ARE USED PRIMARILY TO SUPPORT SCHOLARSHIPS AND OTHER PURPOSES IN LINE WITH ORIGINAL DONOR INTENTIONS. INCOME FROM THE QUASI-ENDOWMENT IS GENERALLY USED TO SUPPORT THE ANNUAL OPERATING BUDGET, BUT THE BOARD MAY ELECT TO WITHDRAW QUASI-ENDOWMENT PRINCIPAL TO FUND CAPITAL EXPENDITURES AND OTHER INSTITUTE PROJECTS. Schedule D, Part V, Endowment Restatement The Institute restated the 08/31/2019 beginning of the year balance in its endowment (as reported in Part V, Line 1(a)) to reflect the exclusion of certain real estate investment assets and pledges from the endowment balance. The endowment's purpose is to hold liquid investment assets that will produce investment gains to fund scholarships and other educational initiatives. Non-income producing assets were excluded from the endowment to align with the endowment's fundamental purpose. This restatement has been reflected in the Institute's audited financial statements. |
| FIN 48 (ASC 740) - INCOME TAX | SCHEDULE D, PART X, LINE 2 THE COLLEGE FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS IF THE POSITION IS MORE-LIKELY-THAN-NOT TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE (IRC OR CODE) SECTION 501(C)(3), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE COLLEGE HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED BUSINESS INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE COLLEGE HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. IN ADDITION, THE COLLEGE HAS NOT RECORDED A PROVISION FOR INCOME TAXES AS IT HAS NO MATERIAL TAX LIABILITY FROM UNRELATED BUSINESS INCOME ACTIVITIES. |
| RECONCILIATION OF REVENUE | SCHEDULE D, PART XI, LINE 2D SCHOLARSHIPS AND FELLOWSHIPS (59,918,051) RECONCILIATION OF EXPENSES SCHEDULE D, PART XII, LINE 4B SCHOLARSHIPS AND FELLOWSHIPS 59,918,051 |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (true) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (true) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (true) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (true) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (true) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (true) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (true) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | false | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | false | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | false | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | false | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | false | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | false | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (true) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | false | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (true) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| EXPLANATION OF NONDISCRIMATORY POLICY PUBLICATION | THE NEW YORK INSTITUTE OF TECHNOLOGY PUBLISHES ITS STATEMENT OF NON-DISCRIMINATION ON ITS WEBSITE AT HTTP://WWW.NYIT.EDU/ABOUT/STATEMENT_ON_NON_DISCRIMINATION. IN ADDITION, THE INSTITUTES POLICY IS PUBLISHED IN A CATALOG THAT IS MADE AVAILABLE TO ALL STUDENTS ONLINE AND IN ALL PHYSICAL BROCHURES SENT TO STUDENTS. FINALLY, THE INSTITUTE ENSURES THAT THE POLICY IS INCLUDED WITHIN APPLICABLE ADVERTISING MATERIALS. |
| GOVERNMENT AID | THE NEW YORK INSTITUTE OF TECHNOLOGY RECEIVES GOVERNMENTAL FUNDING FROM THE FOLLOWING TWO NEW YORK STATE PROGRAMS: 1. HIGH NEEDS NURSING PROGRAM 2. BUNDY AID 3. Higher Education Opportunity Program THESE PROGRAMS ENABLE THE INSTITUTE TO PROVIDE STUDENT SCHOLARSHIPS AND TO SUPPORT RESEARCH EFFORTS. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (4 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| Middle East and North Africa | 1 | 21 | Program Services | Education | $4,235,561 |
| North America | 1 | 28 | Program Services | Education | $6,097,107 |
| East Asia and the Pacific | 2 | 38 | Program Services | Education | $2,264,159 |
| Central America and the Caribbean | 0 | 0 | Investments | $21,652,237 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 4 | SubtotalOfficesCnt |
| Subtotal Employees | 87 | SubtotalEmployeesCnt |
| Total Office | 4 | TotalOfficeCnt |
| Total Employee | 87 | TotalEmployeeCnt |
| Subtotal Spent | $34,249,064 | SubtotalSpentAmt |
| Total Spent | $34,249,064 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (true) | TransferToForeignCorpInd |
| Interest In Foreign Trust | false | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (true) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (true) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (true) | ForeignPartnershipInd |
| Boycott Countries | Yes (true) | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE F, PART IV | FormAndLineReferenceDesc |
| Explanation | NEW YORK INSTITUTE OF TECHNOLOGY INVESTS DIRECTLY IN VARIOUS ALTERNATIVE INVESTMENTS THAT MAY BE ORGANIZED AS EITHER FOREIGN CORPORATIONS OR FOREIGN PARTNERSHIPS. THE INSTITUTE ALSO INVESTS IN DOMESTIC LIMITED PARTNERSHIPS THAT MAY INVEST IN FOREIGN CORPORATIONS OR PARTNERSHIPS. THE INSTITUTES INVESTMENT ACTIVITIES MAY NOT REACH THE THRESHOLDS REQUIRED FOR THE FILING OF FORMS 926, 5471, 8621, OR 8865. TO THE EXTENT THAT THE INSTITUTE IS REQUIRED TO COMPLETE ONE (OR MORE) OF THESE FOREIGN FORMS, IT IS FILED WITH THE INSTITUTES FORM 990-T FILING. | ExplanationTxt |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | Golf Outing | Event1Nm |
| Gross Receipts Event1 | $36,784 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $29,361 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $7,423 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $13,589 | RentFacilityCostsEvent1Amt |
| Other Direct Expenses Event1 | $18,097 | OtherDirectExpensesEvent1Amt |
| Other Events Total | 0 | OtherEventsTotalCnt |
| Gross Receipts Total | $36,784 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $29,361 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $7,423 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $13,589 | RentFcltyCostsTotalEventsAmt |
| Oth Direct Expnss Total Events | $18,097 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $31,686 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$24,263 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (6 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| Feinstein Institute for Medical Research | |||||||
| 350 Community Drive | Manhasset | NY | 11030 | 112673595 | 501(c)(3) | $20,878 | Research |
| The Research Fdn for The State Uni of NY | |||||||
| 101 Nicolls Road | Stony Brook | NY | 117948181 | 114601320 | 501(c)(3) | $9,323 | Research |
| University of Iowa | |||||||
| Gilmore Hall | Iowa City | IA | 522421320 | 426004813 | 501(c)(3) | $9,737 | Research |
| The University of South Dakota | |||||||
| 414 E Clark St | Vermillion | SD | 57069 | 466000364 | 501(c)(3) | $15,454 | Research |
| Arkansas State University- Jonesboro | |||||||
| 2105 Aggie Road | Jonesboro | AR | 72401 | 716000556 | 501(c)(3) | $26,113 | Research |
| Sanford Burnham Prebys Medical Discovery Institute | |||||||
| 10901 N Torrey | Pines rd | CA | 92037 | 151019710 | 501(c)(3) | $46,211 | Research |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 6 | Total501c3OrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SCHOLARSHIPS | GrantTypeTxt |
| Recipient | 4942 | RecipientCnt |
| Cash Grant | $59,918,051 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | GRANT MONITORING PROCEDURES | FormAndLineReferenceDesc |
| Explanation | SCHEDULE I, PART I, LINE 1 THE GRANTS DEPARTMENT AND THE FINANCIAL AID OFFICE OVERSEE ALL GRANTS, GOVERNMENT LOANS AND SCHOLARSHIP EXPENDITURES. ALL GRANT EXPENSES ARE APPROVED AND REIMBURSED IN ACCORDANCE WITH UNIVERSITY POLICY. AN ANNUAL AUDIT IS CONDUCTED IN ACCORDANCE WITH GOVERNMENTAL REGULATIONS. TO THE EXTENT THE INSTITUTE OFFERS SCHOLARSHIPS TO ITS STUDENTS, THOSE FUNDS MAY ONLY BE USED TO DEFRAY THE COST OF ATTENDANCE AND MAY NOT BE SPENT AT THE STUDENT'S DISCRETION. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | Yes (X) | FirstClassOrCharterTravelInd |
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Personal Services | Yes (X) | PersonalServicesInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (true) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (true) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (15 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HENRY FOLEY Non-Voting | ||||||||||||||
| PRESIDENT | $696,440 | $0 | $70,000 | $0 | $120,000 | $0 | $23,800 | $0 | $19,783 | $0 | $930,023 | $0 | $0 | $0 |
| LEONARD AUBREY | ||||||||||||||
| CFO and TREASURER (Thru 12/18) | $371,045 | $0 | $194,016 | $0 | $6,504 | $0 | $24,500 | $0 | $19,074 | $0 | $615,139 | $0 | $0 | $0 |
| CATHERINE FLICKINGER | ||||||||||||||
| general counsel and secretary | $400,860 | $0 | $209,360 | $0 | $6,504 | $0 | $24,500 | $0 | $19,882 | $0 | $661,106 | $0 | $0 | $0 |
| BARBARA J HOLAHAN | ||||||||||||||
| CFO & TREASURER (AS OF 12/18) | $228,426 | $0 | $3,091 | $0 | $0 | $0 | $24,500 | $0 | $0 | $0 | $256,017 | $0 | $0 | $0 |
| JERRY BALENTINE | ||||||||||||||
| vp for med affairs&glbl health | $541,091 | $0 | $302,421 | $0 | $6,504 | $0 | $24,500 | $0 | $32,309 | $0 | $906,825 | $0 | $0 | $0 |
| Nada Assaf-Anid | ||||||||||||||
| dean | $328,249 | $0 | $18,490 | $0 | $1,084 | $0 | $9,912 | $0 | $19,882 | $0 | $377,617 | $0 | $0 | $0 |
| Junius Gonzales | ||||||||||||||
| Provost & Vice President | $315,713 | $0 | $50,000 | $0 | $3,794 | $0 | $8,531 | $0 | $5,772 | $0 | $383,810 | $0 | $0 | $0 |
| WOLFGANG GILLIAR | ||||||||||||||
| DEAN MEDICAL SCHOOL | $167,941 | $0 | $0 | $0 | $232,903 | $0 | $14,394 | $0 | $8,284 | $0 | $423,522 | $0 | $0 | $0 |
| SHANE SPEIGHTS | ||||||||||||||
| SITE DEAN NYITCOM | $419,291 | $0 | $5,649 | $0 | $0 | $0 | $18,500 | $0 | $32,309 | $0 | $475,749 | $0 | $0 | $0 |
| Peter Dane | ||||||||||||||
| professor & ASSOCIATE DEAN | $308,920 | $0 | $4,735 | $0 | $0 | $0 | $24,267 | $0 | $19,783 | $0 | $357,705 | $0 | $0 | $0 |
| NICOLE WADSWORTH | ||||||||||||||
| Professor & Senior Associate D | $311,475 | $0 | $17,225 | $0 | $0 | $0 | $0 | $0 | $25,578 | $0 | $354,278 | $0 | $0 | $0 |
| Gabriel Sunshine | ||||||||||||||
| Former Professor | $151,912 | $0 | $2,291 | $0 | $165,856 | $0 | $5,515 | $0 | $0 | $0 | $325,574 | $0 | $0 | $0 |
| LOU REINISCH | ||||||||||||||
| ASSOCIATE PROVOST | $201,440 | $0 | $28,030 | $0 | $0 | $0 | $20,600 | $0 | $19,882 | $0 | $269,952 | $0 | $0 | $0 |
| Mark Hampton | ||||||||||||||
| Vice President | $204,319 | $0 | $0 | $0 | $9,153 | $0 | $19,751 | $0 | $13,255 | $0 | $246,478 | $0 | $0 | $0 |
| Eileen Valerio As of 012019 | ||||||||||||||
| Controller & Asst. Treasurer | $171,661 | $0 | $2,651 | $0 | $0 | $0 | $22,969 | $0 | $32,309 | $0 | $229,590 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| TRAVEL AND HOUSING BENEFITS | SCHEDULE J, PART I, LINE 1A NYIT IS A GLOBAL UNIVERSITY WITH CAMPUSES IN NEW YORK (MANHATTAN AND LONG ISLAND), CHINA, CANADA, AND THE MIDDLE EAST, AND, AS SUCH, THE PRESIDENT IS REQUIRED TO ENGAGE IN EXTENSIVE INTERNATIONAL TRAVEL. THE PRESIDENT TRAVELS WITH ABOVE STANDARD ACCOMMODATIONS (E.G., BUSINESS OR FIRST CLASS). THE UNIVERSITY ALSO MAKES A CAR AND DRIVER AVAILABLE TO THE PRESIDENT FOR TRAVEL BETWEEN CAMPUSES. THESE ACCOMMODATIONS ARE USED FOR BUSINESS PURPOSES ONLY AND ARE NOT TREATED AS TAXABLE COMPENSATION. NYIT DOES NOT MAINTAIN PRESIDENTIAL CAMPUS HOUSING. NYIT PROVIDES A HOUSING ALLOWANCE TO THE PRESIDENT TO MAINTAIN A RESIDENCE FOR PERSONAL AND UNIVERSITY FUNCTIONS. OTHER TAXABLE COMPENSATION RECEIVED BY PRESIDENT FOLEY IN CALENDAR YEAR 2018 INCLUDED A $120,000 HOUSING ALLOWANCE. SCHEDULE J, PART I, LINE 4A THE FOLLOWING INDIVIDUALS REPORTED ON THE INSTITUTE'S FORM 990 RECEIVED A SEVERANCE PAYMENT IN THE CALENDAR YEAR 2018. - DEAN OF MEDICAL SCHOOL, WOLFGANG GILLIAR - $232,902 - PROFESSOR, GABRIEL SUNSHINE - $165,856 THESE SEVERANCE PAYMENTS ARE REPORTED IN FORM 990, SCHEUDLE J, PART II, COLUMN (B)(III). |
| SCHEDULE J, PART I, LINE 7 AND PART II, COLUMN (B)(II) | THE PRESIDENT'S REPORTABLE COMPENSATION INCLUDES BONUS AND INCENTIVE COMPENSATION EARNED BASED ON MEETING CERTAIN OBJECTIVE PERFORMANCE CRITERIA AND IN ACCORDANCE WITH THE PRESIDENTS EMPLOYMENT AGREEMENT. THE DECISION TO AWARD THE PRESIDENT WITH A BONUS RESTS WITH THE BOARD OF TRUSTEES EXECUTIVE COMMITTEE. OTHER OFFICERS AND KEY EMPLOYEES REPORTED ON SCHEDULE J, LIKEWISE, RECEIVED A BONUS IN CALENDAR YEAR 2018. AMOUNTS DISCLOSED AS A BONUS INCLUDE A PORTION OF REGULARLY BUDGETED COMPENSATION FOR ALL ADMINISTRATIVE STAFF THAT IS CONSISTENT WITH A CONTRACTUAL PERCENTAGE PAYMENT PROVIDED TO FULL-TIME FACULTY UNDER A COLLECTIVE BARGAINING AGREEMENT. THE ACTUAL AMOUNT DISTRIBUTED TO ADMINISTRATIVE STAFF IS SUBJECT TO SOME ANNUAL DISCRETION AT THE DIRECTION OF THE PRESIDENT AND SENIOR MANAGERS. IN ADDITION, CERTAIN SENIOR ADMINISTRATORS RECEIVED AN INCENTIVE STAY BONUS AWARDED BY THE BOARD OF TRUSTEES. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 REVIEW PROCESS | FORM 990, PART VI, LINE 11A THE INSTITUTE'S FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM IN CONJUNCTION WITH BOTH THE INSTITUTE'S FINANCIAL DEPARTMENT AND ITS MANAGEMENT TEAM. THE 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER, PRESIDENT AND GENERAL COUNSEL PRIOR TO SUBMISSION TO THE FULL BOARD OF TRUSTEES. THE BOARD OF TRUSTEES IS PROVIDED AMPLE TIME TO REVIEW AND COMMENT ON THE 990 BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. |
| CONFLICT OF INTEREST REVIEW | FORM 990, PART VI, SECTION B, LINE 12C VICE PRESIDENTS AND CERTAIN OTHER EMPLOYEES, PARTICULARLY EMPLOYEES INVOLVED WITH THE PROCUREMENT OF GOODS AND SERVICES, ARE REQUIRED TO SUBMIT ANNUAL DISCLOSURE FORMS TO THE GENERAL COUNSEL, AND TO SUBMIT UPDATED FORMS IN THE EVENT THAT THERE IS ANY CHANGE IN THE TIME PERIOD BETWEEN THE SUBMISSION OF THE ANNUAL FORMS. WITH RESPECT TO ANY DISCLOSED CONFLICTS, THE GENERAL COUNSEL WILL CONSULT, (AS APPROPRIATE), WITH NYIT MANAGEMENT SUCH AS THE PRESIDENT, CHIEF FINANCIAL OFFICER, INTERNAL AUDIT DIRECTOR, AND, IF NECESSARY OR ADVISABLE, THE CHAIR OF THE BOARD OF TRUSTEES AUDIT COMMITTEE. THE GENERAL COUNSEL WILL RECOMMEND TO THE PRESIDENT AND, IF INDICATED, THE CHAIR OF THE AUDIT COMMITTEE, SUCH STEPS AS MAY BE APPROPRIATE TO MANAGE THE CONFLICT OF INTEREST. ANY CONFLICTS OF INTEREST RELATING TO OFFICERS OR KEY EMPLOYEES, WHETHER REPORTED ON THE ANNUAL FORMS OR OTHERWISE, WILL BE REPORTED BY THE GENERAL COUNSEL TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. |
| COMPENSATION REVIEW | FORM 990, PART VI, SECTION B, LINE 15 NYIT'S BOARD (ALL INDEPENDENT TRUSTEES OTHER THAN THE NYIT PRESIDENT), REVIEWS THE COMPENSATION OF NYIT'S PRESIDENT AT CONTRACT RENEWAL INTERVALS. THE LAST SUCH REVIEW WAS IN DECEMBER 2019, IN CONNECTION WITH CONSIDERATION OF AMENDMENTS TO THE EMPLOYMENT CONTRACT OF NYITS PRESIDENT. THE BOARD IS ADVISED BY INDEPENDENT COMPENSATION CONSULTANTS AND REVIEWS COMPENSATION DATA FROM SIMILAR ORGANIZATIONS TO ENSURE THAT NYIT DOES NOT COMPENSATE IN EXCESS OF MARKET NORMS. COMPENSATION OF OTHER KEY EMPLOYEES AND OFFICERS OF THE CORPORATION ARE DETERMINED UPON HIRE BY MARKET REVIEWS CONDUCTED BY THE PRESIDENT AND OTHER SENIOR MANAGERS, WHO MAY CONSULT FURTHER WITH HUMAN RESOURCES AND EXTERNAL CONSULTANTS. ANNUAL INCREASES FOR KEY EMPLOYEES AND OFFICERS ARE BASED ON BUDGET PARAMETERS AND REVIEW BY THE PRESIDENT OR HUMAN RESOURCES. CONTEMPORANEOUS SUBSTANTIATION FOR COMPENSATION LEVELS OF THE PRESIDENT, KEY EMPLOYEES OR OFFICERS WILL BE MAINTAINED BY THE OFFICE OF THE PRESIDENT OR HUMAN RESOURCES. |
| DOCUMENT AVAILABILITY | FORM 990, PART VI, SECTION C, LINE 19 THE INSTITUTE'S FORM 990 IS AVAILABLE ON THE INTERNET AT WWW.GUIDESTAR.ORG. IN ADDITION, THE INSTITUTE MAKES A COPY OF ITS FORM 990 AVAILABLE AT ITS PLACE OF BUSINESS. GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND AT MANAGEMENT'S (THE GENERAL COUNSEL) DISCRETION. |
| OTHER CHANGES IN NET ASSETS | FORM 990, PART XI, LINE 9 CANCELLATION OF CAPITAL PROJECTS $(1,161,958) CHANGE IN POSTRETIREMENT PROGRAM $(1,085,989) ------------ TOTAL OTHER CHANGES: $(2,247,947) ============ |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NYIT GLOBAL LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | NORTHERN BLVD GERRY HOUSE 200 | AddressLine1Txt |
| City | OLD WESTBURY | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11568 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 472303439 | EIN |
| Primary Activities | INACTIVE | PrimaryActivitiesTxt |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Total Income | $0 | TotalIncomeAmt |
| End Of Year Assets | $0 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NYIT | BusinessNameLine1Txt |