2020-07-15T06:38:28-05:00 2019-06-30 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2018-07-01 135645885 NEW YORK LAW SCHOOL NEWY 2124312100 185 WEST BROADWAY NEW YORK NY 10013 PLACHIKKAT V ANANTHARAM SENIOR VP, CFO AND TREASURER 2124312100 2020-07-15 1 MAGDALENA M CZERNIAWSKI P00535099 2125038800 2020-07-15 108.53.209.139 2020-07-15 06:14:29 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 86324AA6648A884C06306129ED8808CB1BD1A3DC 2018 2021-01-29 14:40:06Z ANTHONY W CROWELL 185 WEST BROADWAY NEW YORK NY 10013 120536332 0 X WWW.NYLS.EDU X 1891 NY THE MISSION OF NEW YORK LAW SCHOOL IS TO PROVIDE ITS STUDENTS WITH KNOWLEDGE, SKILL (SEE SCHEDULE O) AND ETHICAL VALUES NEEDED FOR A CAREER IN LAW. 29 28 628 28 0 0 2464284 4009977 49167719 52571644 31408190 20970146 1411984 1191037 84452177 78742804 19973175 22419628 0 0 25769111 27581560 0 0 1298621 30724691 32713873 76466977 82715061 7985200 -3972257 357762468 344424770 175209722 171535518 182552746 172889252 THE MISSION OF NEW YORK LAW SCHOOL IS TO PROVIDE ITS STUDENTS WITH KNOWLEDGE, SKILLS AND ETHICAL VALUES NEEDED FOR A CAREER IN LAW. 0 0 70565102 22419628 54383225 HIGHER EDUCATION INSTRUCTION: TO OFFER A VIBRANT, DIVERSE, AND FORWARD-THINKING CENTER OF LEGAL STUDIES WHERE STUDENTS DEVELOP THE KNOWLEDGE, SKILLS, AND PROFESSIONAL VALUES TO SERVE THEIR CLIENTS AND HAVE SUCCESSFUL CAREERS ADVANCING JUSTICE, BUILDING THE ECONOMY, AND SERVING THE VARIOUS NEEDS OF MODERN SOCIETY. 1072 STUDENTS ENROLLED IN THE JD AND LLM PROGRAMS. 285 GRADUATED DURING THE 2018/2019 PROGRAM YEAR. 70565102 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 72 0 1 628 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 29 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 NY X SUSAN REDLER VICE PRESIDENT FOR FI 2124312100 185 WEST BROADWAY NEW YORK NY 10013 ALAN J SCHNURMAN TRUSTEE 1.00 X 0 0 0 ANTHONY W CROWELL DEAN AND PRESIDENT 70.00 X X 580933 0 40793 ARTHUR N ABBEY CHAIRMAN OF THE BOARD 5.00 X X 0 0 0 CHARLES E PHILLIPS TRUSTEE 1.00 X 0 0 0 CYNTHIA G SENKO ROSICKI TRUSTEE 1.00 X 0 0 0 DAVID B CORNSTEIN TRUSTEE 1.00 X 0 0 0 EMERSON S MOORE II TRUSTEE 1.00 X 0 0 0 ERNST H ROSENBERGER VICE CHAIR 1.00 X X 0 0 0 ERROL B TAYLOR TRUSTEE 1.00 X 0 0 0 GERALD C CROTTY VICE CHAIR 1.00 X X 0 0 0 HON MARC WHITEN TRUSTEE 1.00 X 0 0 0 JEFFREY D KNOWLES VICE CHAIR 1.00 X X 0 0 0 JOE PLUMERI TRUSTEE 1.00 X 0 0 0 JOHN D MCMAHON TRUSTEE 1.00 X 0 0 0 JOHN E ESTES TRUSTEE 1.00 X 0 0 0 JOHN L REDDY JR TRUSTEE 1.00 X 0 0 0 LAWRENCE N FIELD TRUSTEE 1.00 X 0 0 0 MERYL FIEDLER LIEBERMAN TRUSTEE 1.00 X 0 0 0 MICHAEL A COSTA TRUSTEE 1.00 X 0 0 0 NORMAN RADOW TRUSTEE 1.00 X 0 0 0 PAMELA FOSTER TRUSTEE 1.00 X 0 0 0 PAUL L PORRETTA TRUSTEE 1.00 X 0 0 0 ROSS F MOSKOWITZ TRUSTEE 1.00 X 0 0 0 STEVEN E PEGALIS TRUSTEE 1.00 X 0 0 0 SUSAN B MENDIK TRUSTEE 1.00 X 0 0 0 SUSAN HINKSON TRUSTEE 1.00 X 0 0 0 SYBIL SHAINWALD TRUSTEE 1.00 X 0 0 0 VINCENT A CARBONELL TRUSTEE 1.00 X 0 0 0 ZYGMUNT WILF TRUSTEE 1.00 X 0 0 0 MATTHEW GEWOLB SECRETARY 45.00 X 128224 0 5005 STUART A KLEIN EVP/CFO/TREASURER 45.00 X 357229 0 22503 WILLIAM P LAPIANA ASSOCIATE DEAN 45.00 X 277844 0 58003 GERALD KORNGOLD FACULTY 35.00 X 296343 0 57343 LLOYD BONFIELD FACULTY 35.00 X 270111 0 29042 NADINE STROSSEN FACULTY 35.00 X 264584 0 27260 RICHARD CHUSED FACULTY 35.00 X 270160 0 17368 ROBERT BLECKER FACULTY 35.00 X 261506 0 55606 2706934 0 312923 84 0 1 0 BUILDING MAINTENANCE SERVICES LLC 11 PENN PLAZA NEW YORK NY 10001 MAINT. SERVICES 1484548 VENABLE LLP 1270 AVENUE OF THE AMERICAS 24TH F NEW YORK NY 10020 LEGAL SERVICES 111549 PIEPER BAR REVIEW 90 WILLIS AVENUE MINEOLA NY 11501 EDUCATIONAL SERVICES 110000 3 775704 859650 2374623 24468 4009977 TUITION & FEES 611710 50807039 50807039 STUDENT ROOM & BOARD 611710 1271976 1271976 AUXILIARY 611710 474093 474093 SUBSCRIPTION 611710 18536 18536 52571644 5359142 5359142 1096704 0 1096704 1096704 1096704 55626034 1700000 41715030 0 13911004 1700000 15611004 1700000 13911004 61250 775704 78498 -17248 -17248 MOOT COURT INCOME 611710 28131 28131 ALUMNI EVENT FEES 611710 26668 26668 CONFERENCE REGISTRATION FEE 611710 19343 19343 37439 36103 1336 111581 78742804 54381889 0 20350938 22419628 22419628 1453302 111153 1342149 21444065 17814301 3178307 451457 843403 674937 145088 23378 2308428 1758473 489185 60770 1532362 1151119 341645 39598 445085 445085 868827 868827 1799607 874107 795462 130038 51940 33736 18204 826773 709041 66177 51555 3595034 3218890 296308 79836 4893242 4381270 403306 108666 171945 134065 31875 6005 720343 503867 202596 13880 6604694 5913654 544368 146672 7670665 6868092 632229 170344 615605 551195 50739 13671 STUDENT HOUSING EXPENSE 1600246 1600246 FOOD SERVICE AND CATERI 850480 850480 BOOKS AND SERIALS 826690 825490 561 639 BAD DEBT 748670 748670 424027 171358 250557 2112 82715061 70565102 10851338 1298621 1418379 2253045 11156052 14255525 2570534 2973437 393438 550422 1187349 914611 15384 11040 3506118 3685312 237488737 104640379 140038320 132848358 126429639 141769799 66518670 39885660 4528585 5277561 357762468 344424770 7174509 7170666 1514260 1537537 323662 320000 139605000 138425000 26592291 24082315 175209722 171535518 X 132476700 121191528 16718200 18186617 33357846 33511107 182552746 172889252 357762468 344424770 X -3972257 -8201213 2509976 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 768481 X 0 44087674 153260 2314187 552258 598924 45403939 43465752 42918 1840921 648212 613705 44087674 42311879 101059 2349207 619530 676863 43465752 43702917 375350 -718833 374235 673320 42311879 42256372 316221 1962598 199950 632324 43702917 0.73810 0.26190 1 0 704458 704458 200047855 72869045 127178810 35967943 31771334 4196609 768481 768481 132848358 HEDGE FUNDS 9284442 F PRIVATE INVESTMENTS 30601218 F 39885660 POSTRETIREMENT BENEFITS 12491698 BOND PREMIUM 11590617 24082315 X 47253136 -8201213 -22419628 -30620841 77873977 868827 868827 78742804 59426606 0 59426606 868827 22419628 23288455 82715061 PART III, LINE 4: VARIOUS ART COLLECTIONS WERE GIVEN TO FURTHER THE CREATIVITY AND FREEDOM OF EXPRESSION OF ARTISTS AND LAWYERS IN THEIR RESPECTIVE FIELDS, AND TO FURTHER THE ONGOING AND NECESSARY DIALOGUE AND INFLUENCE BETWEEN THOSE TWO DISCIPLINES ESSENTIAL TO THE QUALITY OF LIFE AND VIBRANCE OF NY TRIBECA AND THE DOWNTOWN COMMUNITY WHICH SERVES AS HOME TO NYLS. PART V, LINE 4: NEW YORK LAW SCHOOL'S ENDOWMENT CONSISTS OF A NUMBER OF FUNDS SET UP BY DONORS FOR DIFFERENT PURPOSES. THE FUNDING IS USED FOR SCHOLARSHIPS, FACULTY RESEARCH, FACULTY PROGRAMS, AND OTHER COSTS IN ACCORDANCE WITH DONOR RESTRICTIONS. NYLS HAS ADOPTED INVESTMENT SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT. PART X, LINE 2: THE SCHOOL BELIEVES IT HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2019 AND 2018 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, "INCOME TAXES," WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIP PAYMENTS -22,419,628. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP PAYMENTS 22,419,628. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE POLICY IS POSTED ON SCHOOL WEBSITE AND PRINTED IN THE RECRUITMENT AND APPLICATION MATERIALS. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES GRANTS FROM THE DEPARTMENT OF EDUCATION. EUROPE 0 0 INVESTMENT INVESTMENT 3351900 0 0 0 0 0 0 3351900 0 3351900 0 0 0 0 0 0 NYLS GALA 836954 775704 61250 73734 4764 836954 775704 61250 73734 4764 78498 -17248 1 SCHOLARSHIP AND GRANTS 806 22419628 FAIR MARKET VALUE PART I, LINE 2: THE SCHOLARSHIPS AWARDED ARE MONITORED THROUGHOUT THE SEMESTER. X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 ANTHONY W CROWELL DEAN AND PRESIDENT 494805 0 0 0 86128 0 24997 0 15796 0 621726 0 0 0 STUART A KLEIN EVP/CFO/TREASURER 282971 0 67400 0 6858 0 14500 0 8003 0 379732 0 0 0 WILLIAM P LAPIANA ASSOCIATE DEAN 265986 0 5000 0 6858 0 13750 0 44253 0 335847 0 0 0 GERALD KORNGOLD FACULTY 289485 0 0 0 6858 0 13750 0 43593 0 353686 0 0 0 LLOYD BONFIELD FACULTY 263253 0 0 0 6858 0 12446 0 16596 0 299153 0 0 0 NADINE STROSSEN FACULTY 257726 0 0 0 6858 0 12320 0 14940 0 291844 0 0 0 RICHARD CHUSED FACULTY 270160 0 0 0 0 0 13260 0 4108 0 287528 0 0 0 ROBERT BLECKER FACULTY 254347 0 0 0 7159 0 12663 0 42943 0 317112 0 0 0 PART I, LINE 1A ANTHONY CROWELL RECEIVED A BENEIFT OF $50,000, WHICH IS INCLUDED IN PART II, COLUMN B(III). PART I, LINE 7 THE COMPENSATION COMMITTEE OF THE BOARD APPROVED THE BONUSES. PART II, COLUMN B(III): ANTHONY CROWELL RECEIVED CONTRIBUTION TO A 457(B) RETIREMENT PLAN IN THE AMOUNT OF $35,318 WHICH IS REFLECTED IN THIS COLUMN. A BUILD NYC SERIES 2017 454040561 12008EKV7 2016-01-01 605000 REFINANCING 0 1 0 B BUILD NYC SERIES 2018 454040561 12008EKW5 2016-01-01 1180000 REFINANCING 0 1 0 C BUILD NYC SERIES 2019 454040561 12008EKX3 2016-01-01 1930000 REFINANCING 0 1 0 D BUILD NYC SERIES 2020 454040561 12008EKY1 2016-01-01 2025000 REFINANCING 0 1 0 A 605000 605000 11106 593894 1 0 1 1 B 1180000 1180000 21661 1158339 1 0 1 1 C 1930000 35429 1894571 1 0 1 1 D 2025000 37172 1987828 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 A 1 B 1 C 1 D 1 SCHEDUKE K, PART 1: THE ORIGINAL BONDS ISSUED WERE USED FOR CAMPUS AND OTHER CONSTRUCTION. THESE HAVE BEEN SINCE RETIRED AND THE ONES LISTED CURRENTLY ON SCHEDULE K REPRESENT REFINANCING OF THE ORIGINAL BONDS. A BUILD NYC SERIES 2021 454040561 12008EKZ8 2016-01-01 2125000 REFINANCING 0 1 0 B BUILD NYC SERIES 2022 454040561 12008ELA2 2016-01-01 3010000 REFINANCING 0 1 0 C BUILD NYC SERIES 2023 454040561 12008ELB0 2016-01-01 3165000 REFINANCING 0 1 0 D BUILD NYC SERIES 2024 454040561 12008ELC8 2016-01-01 3320000 REFINANCING 0 1 0 A 2125000 39008 2085992 1 0 1 1 B 3010000 55254 2954746 1 0 1 1 C 3165000 58099 3106901 1 0 1 1 D 3320000 60944 3259056 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 A 1 B 1 C 1 D 1 A BUILD NYC SERIES 2025 454040561 12008ELD6 2016-01-01 3485000 REFINANCING 0 1 0 B BUILD NYC SERIES 2026 454040561 12008ELE4 2016-01-01 3660000 REFINANCING 0 1 0 C BUILD NYC SERIES 2027 454040561 12008ELF1 2016-01-01 3845000 REFINANCING 0 1 0 D BUILD NYC SERIES 2028 454040561 12008ELG9 2016-01-01 4035000 REFINANCING 0 1 0 A 3485000 63973 3421027 1 0 1 1 B 3660000 67186 3592814 1 0 1 1 C 3845000 70582 3774418 1 0 1 1 D 4035000 74069 3960931 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 A 1 B 1 C 1 D 1 A BUILD NYC SERIES 2029 454040561 12008ELH7 2016-01-01 4240000 REFINANCING 0 1 0 B BUILD NYC SERIES 2030 454040561 12008ELJ3 2016-01-01 4450000 REFINANCING 0 1 0 C BUILD NYC SERIES 2031 454040561 12008ELK0 2016-01-01 4675000 REFINANCING 0 1 0 D BUILD NYC SERIES 2032 454040561 12008ELL8 2016-01-01 4905000 REFINANCING 0 1 0 A 4240000 77833 4162167 1 0 1 1 B 4450000 81687 4368313 1 0 1 1 C 4675000 85818 4589182 1 0 1 1 D 4905000 90040 4814960 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 A 1 B 1 C 1 D 1 A BUILD NYC SERIES 2033 454040561 12008ELM6 2016-01-01 5085000 REFINANCING 0 1 0 B BUILD NYC SERIES 2034 454040561 12008ELN4 2016-01-01 5340000 REFINANCING 0 1 0 C BUILD NYC SERIES 2035 454040561 12008ELP9 2016-01-01 5605000 REFINANCING 0 1 0 D BUILD NYC SERIES 2036 454040561 12008ELS3 2016-01-01 5885000 REFINANCING 0 1 0 A 5085000 93344 4991656 1 0 1 1 B 5340000 98025 5241975 1 0 1 1 C 5605000 102890 5502110 1 0 1 1 D 5885000 108029 5776971 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 A 1 B 1 C 1 D 1 A TERM BOND 2041 454040561 12008ELR5 2016-01-01 34150000 REFINANCING 0 1 0 B TERM BOND 2045 454040561 12008ELQ7 2016-01-01 33490000 REFINANCING 0 1 0 A 34150000 626883 33523117 1 0 1 1 B 33490000 614767 32875233 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 A 1 B 1 X 1 24468 AVG. HIGH/LOW 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT AND REVIEWED AND APPROVED BY THE AUDIT COMMITTEE AND THEN PRESENTED TO THE BOARD OF TRUSTEES FOR REVIEW PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST QUESTIONNAIRE IS DISTRIBUTED TO AND COMPLETED BY THE MEMBERS OF THE BOARD OF TRUSTEES OF THE SCHOOL ON AN ANNUAL BASIS. THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES IS RESPONSIBLE FOR NOTIFYING THE BOARD OF ANY DISCLOSED CONFLICTS. A CONFLICT OF INTEREST POLICY IS MADE AVAILABLE TO ALL EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS TO ESTABLISH THE RATES OF COMPENSATION FOR THE DEAN AND PRESIDENT AS WELL AS THE ASSOCIATE DEAN FOR ACADEMIC AFFAIRS AND STUDENT ENGAGEMENT AND THE EXECUTIVE VICE PRESIDENT / CHIEF FINANCIAL OFFICER STARTED WITH A STUDY BY AN INDEPENDENT COMPENSATION CONSULTANT. THE STUDY REVIEWED COMPENSATION AT SIMILAR HIGHER EDUCATIONAL INSTITUTIONS AND CONSIDERED SIZE, SCOPE OF PROGRAM, AND GEOGRAPHIC REGION. THE COMPLETED STUDY WAS THEN REVIEWED AND A RESULTING COMPENSATION PACKAGE WAS APPROVED BY THE INDEPENDENT MEMBERS OF THE BOARD OF TRUSTEES' EXECUTIVE COMMITTEE, ACTING AS THE COMPENSATION COMMITTEE. THE APPROVED PACKAGE WAS THEN DOCUMENTED AND TRANSMITTED TO THE VICE PRESIDENT OF HUMAN RESOURCES FOR IMPLEMENTATION. FORM 990, PART VI, SECTION C, LINE 19 THE NEW YORK LAW SCHOOL MAKES ITS GOVERNING DOCUMENTS, FORM 990 AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: AMORTIZATION OF BOND PREMIUM 439,455. CHANGE IN PENSION BENEFIT OBLIGATION 2,070,521. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FORM THE PRIOR YEAR.