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THE NEW SCHOOL: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
THE NEW SCHOOL (EIN 13-3297197)
Tax period
2016-07-01 to 2017-06-30
Filed
2018-05-14
IRS object ID
201821349349306022
Schema version
2016v3.0
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 ReturnHeader

FieldValueIRS element (for citing)
Return2018-05-14T13:52:44-05:00ReturnTs
Tax Period End2017-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN271728945PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PKF O'Connor Davies LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1665 Fifth AvenueAddressLine1Txt
CityNew YorkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10022ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2016-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN133297197EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The New SchoolBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlNEWSBusinessNameControlTxt
Phone2122291323PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line166 West 12th StreetAddressLine1Txt
CityNew YorkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10011ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonStephen StabilePersonNm
Person TitleVP & TreasurerPersonTitleTxt
Phone2122295600PhoneNum
Signature2018-05-14SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonGarrett M HigginsPreparerPersonNm
PTINP00543209PTIN
Phone2122862600PhoneNum
Preparation2018-05-14PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address65.51.112.58IPv4AddressTxt
FieldValueIRS element (for citing)
IP2018-05-14IPDt
IP Tm13:52:40IPTm
IP TimezoneEDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdEABB674C3E6C355F7E1537161DFD3A2F2A375A93AtSubmissionCreationDeviceId
At Submission Filing Device IdA3EB9A663B166A7F172762214481AEBFA8C1AD13AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerDavid Van ZandtPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line166 West 12th StreetAddressLine1Txt
CityNew YorkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10011ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$775,884,189GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.newschool.eduWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1919FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionSee Schedule O for Organization Mission Statement in FullThe 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.ActivityOrMissionDesc
Voting Members Governing Body41VotingMembersGoverningBodyCnt
Voting Members Independent40VotingMembersIndependentCnt
Total Employee7402TotalEmployeeCnt
Total Volunteers139TotalVolunteersCnt
Total Gross UBI-$13,270TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm-$16,520NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$38,686,211PYContributionsGrantsAmt
CY Contributions Grants$39,162,868CYContributionsGrantsAmt
PY Program Service Revenue$424,560,684PYProgramServiceRevenueAmt
CY Program Service Revenue$445,470,426CYProgramServiceRevenueAmt
PY Investment Income$5,149,273PYInvestmentIncomeAmt
CY Investment Income$10,988,708CYInvestmentIncomeAmt
PY Other Revenue$11,365,520PYOtherRevenueAmt
CY Other Revenue$11,497,250CYOtherRevenueAmt
PY Total Revenue$479,761,688PYTotalRevenueAmt
CY Total Revenue$507,119,252CYTotalRevenueAmt
PY Grants And Similar Paid$107,757,767PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$113,934,688CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$226,187,689PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$235,978,456CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$3,624,644CYTotalFundraisingExpenseAmt
PY Other Expenses$146,460,610PYOtherExpensesAmt
CY Other Expenses$153,804,003CYOtherExpensesAmt
PY Total Expenses$480,406,066PYTotalExpensesAmt
CY Total Expenses$503,717,147CYTotalExpensesAmt
PY Revenues Less Expenses-$644,378PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$3,402,105CYRevenuesLessExpensesAmt
Total Assets BOY$1,045,446,415TotalAssetsBOYAmt
Total Assets EOY$1,224,578,550TotalAssetsEOYAmt
Total Liabilities BOY$519,581,230TotalLiabilitiesBOYAmt
Total Liabilities EOY$696,776,576TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$525,865,185NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$527,801,974NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionSee Schedule OMissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$166,448,196ExpenseAmt
Revenue$399,497,468RevenueAmt
DescAcademic 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 2016-17 it enrolled 10,851 degree students and 5,919 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.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$113,934,688ExpenseAmt
Grant$113,934,688GrantAmt
DescScholarship 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 2016-17, 8,823 students received institutional scholarships and 9,171 students received at least one form of institutional or public scholarships, grants, loans, or work study awards.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$102,249,859ExpenseAmt
DescEducational 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.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$44,326,643ExpenseAmt
Revenue$45,972,958RevenueAmt
DescAuxiliary revenue for dormitories, dining services, and health services.Desc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$44,326,643TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Revenue$45,972,958TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$426,959,386TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying ActivitiesYes (1)LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of ArtYes (1)CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent EndowmentsYes (1)TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign OfficeYes (1)ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt BondsYes (1)TaxExemptBondsInd
Invest Tax Exempt Bonds0InvestTaxExemptBondsInd
Escrow Account0EscrowAccountInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam MemYes (1)BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (1)TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document10235IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee7402EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial AccountYes (1)ForeignFinancialAccountInd
Foreign CountryGMForeignCountryCd
Foreign CountryFRForeignCountryCd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members41GoverningBodyVotingMembersCnt
Independent Voting Member40IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Steve Stabile VP & TreasurerBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2122295600PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line166 West 12th StreetAddressLine1Txt
CityNew YorkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10011ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (67 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeIndFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
David Van Zandt
President60.00Yes (X)Yes (X)$775,401$0$575,547
Joseph R Gromek
Chair1.00Yes (X)Yes (X)$0$0$0
Franci J Blassberg
Vice Chair1.00Yes (X)Yes (X)$0$0$0
Susan L Foote
Vice Chair1.00Yes (X)Yes (X)$0$0$0
Elliot Stein
Vice Chair1.00Yes (X)Yes (X)$0$0$0
Syed Ahad Ali
Trustee1.00Yes (X)$0$0$0
Henry H Arnhold
Trustee1.00Yes (X)$0$0$0
Arnold H Aronson
Trustee1.00Yes (X)$0$0$0
Steven H Bloom
Trustee1.00Yes (X)$0$0$0
Dominique Bluhdorn
Trustee1.00Yes (X)$0$0$0
Christopher J Castano
Trustee1.00Yes (X)$0$0$0
Jane DeFlorio
Trustee1.00Yes (X)$0$0$0
Beth Rudin DeWoody
Trustee1.00Yes (X)$0$0$0
Douglas D Durst
Trustee1.00Yes (X)$0$0$0
Fred A Dust
Trustee1.00Yes (X)$0$0$0
Michael E Gellert
Trustee1.00Yes (X)$0$0$0
Nancye Green
Trustee1.00Yes (X)$0$0$0
Jeffrey Gural
Trustee1.00Yes (X)$0$0$0
Susan U Halpern
Trustee1.00Yes (X)$0$0$0
William E Havemeyer
Trustee1.00Yes (X)$0$0$0
Robert F Hoerle
Trustee1.00Yes (X)$0$0$0
Sheila C Johnson
Trustee1.00Yes (X)$0$0$0
Michael J Johnston
Trustee1.00Yes (X)$0$0$0
Alexander Jutkowitz
Trustee1.00Yes (X)$0$0$0
Larisa Karamchakova
Trustee1.00Yes (X)$0$0$0
Ingrid Harvold Kvangraven
Trustee until 6/30/171.00Yes (X)$0$0$0
Bevis Longstreth
Trustee1.00Yes (X)$0$0$0
Anthony J Mannarino
Trustee1.00Yes (X)$0$0$0
David E McClean
Trustee1.00Yes (X)$0$0$0
Daniel T Motulsky
Trustee1.00Yes (X)$0$0$0
Robert H Mundheim
Trustee1.00Yes (X)$0$0$0
Charles R Perrin
Trustee1.00Yes (X)$0$0$0
Timothy L Porter
Trustee1.00Yes (X)$0$0$0
Linda E Rappaport
Trustee1.00Yes (X)$0$0$0
Douglas Shulman
Trustee1.00Yes (X)$0$0$0
Stanley P Silverstein
Trustee1.00Yes (X)$0$0$0
Malcolm B Smith
Trustee1.00Yes (X)$0$0$0
Kay Unger
Trustee1.00Yes (X)$0$0$0
Lilian Shiao-Yen Wu
Trustee1.00Yes (X)$0$0$0
William D Zabel
Trustee1.00Yes (X)$0$0$0
Judith Zarin
Trustee1.00Yes (X)$0$0$0
Anne Adriance
Chief Marketing Officer40.00Yes (X)$331,991$0$63,316
Andy Atzert
VP, Distributed and Global Education40.00Yes (X)$137,904$0$31,1784.00
Carol Cantrell
SVP, HR and Labor Relations40.00Yes (X)$275,526$0$55,063
Lia Gartner
VP, Design, Construction and Facilities40.00Yes (X)$269,332$0$55,238
Mark Gibbel
Chief Development Officer40.00Yes (X)$341,039$0$60,766
Tim Marshall
Provost40.00Yes (X)$593,211$0$65,4131.00
Roy Moskowitz
Chief Legal Officer40.00Yes (X)$358,093$0$58,203
Anand Padmanabhan
SVP and Chief Information Officer40.00Yes (X)$277,606$0$58,664
Donald Resnick
Chief Enrollment and Success Officer40.00Yes (X)$392,884$0$44,103
Bryna Mary Sanger
SVP, Academic Affairs40.00Yes (X)$320,383$0$57,602
Olatokumbo Shobowale
Chief Operating Officer40.00Yes (X)$369,297$0$33,511
Steve Stabile
VP, Finance & Business and Treasurer40.00Yes (X)$258,952$0$37,5670.10
Stephanie Browner
Dean40.00$392,428$0$55,410Yes (X)
Richard Kessler
Dean40.00$286,222$0$57,141Yes (X)
Pippin Parker
Dean40.00$203,381$0$49,869Yes (X)
William Milberg
Dean40.00$295,627$0$54,979Yes (X)
Joel Towers
Dean40.00$341,727$0$61,149Yes (X)
Mary Watson
Dean40.00$275,899$0$32,901Yes (X)
Lidewij Edelkoort
Professor40.00$239,746$0$17,809Yes (X)
Shelley Fox
Professor40.00$237,800$0$49,772Yes (X)
Carol Kim
VP, Strategic Enrollment Management40.00$228,023$0$56,683Yes (X)
Benjamin Lee
Professor40.00$334,331$0$56,379Yes (X)
Ann Stoler
Professor40.00$294,390$0$25,326Yes (X)
Stefania de Kenessey
Former Dean, Current Professor40.00$172,896$0$45,729Yes (X)
Linda Reimer
Former SVP, Student Services40.00$661,039$0$1,604Yes (X)
Michael Schober
Former Dean, Current Professor40.00$201,565$0$36,419Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$8,866,693TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$1,797,341TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K292IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (1)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmtAddress Line1ContractorAddress/ForeignAddress/AddressLine1TxtCityContractorAddress/ForeignAddress/CityNmCountryContractorAddress/ForeignAddress/CountryCdForeign PostalContractorAddress/ForeignAddress/ForeignPostalCd
Qwest Contracting Corp
153 W 27th Street Ste 502New YorkNY10001Architectural Service$12,060,167
TNS Parsons
Contractual Services$4,588,34823 Rue Du RouleParisFR75001
Compass Group USA Inc
PO Box 417632BostonMA02241Food Service$4,089,347
Accenture LLP
161 N Clark StreetChicagoIL60601Technology Consulting$2,871,517
Rosetta Marketing Group LLC
21-01 Queens Plaza North 3rd FlLong Island CityNY11101Marketing$2,626,183
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K113CntrctRcvdGreaterThan100KCnt
Federated Campaigns$49,500FederatedCampaignsAmt
Fundraising$2,010,833FundraisingAmt
Related Organizations$16,503RelatedOrganizationsAmt
Government Grants$5,120,757GovernmentGrantsAmt
All Other Contributions$31,965,275AllOtherContributionsAmt
Noncash Contributions$571,425NoncashContributionsAmt
Total Contributions$39,162,868TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
Tuition & Fees611310$396,494,435$396,494,435
Aux Enterprise Rev611310$45,972,958$45,972,958
Commercial Contracts611310$2,766,706$2,766,706
Svc of Education Dept611310$236,327$236,327
FieldValueIRS element (for citing)
Total Program Service Revenue$445,470,426TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,761,421TotalRevenueColumnAmt
Unrelated Business Revenue-$13,270UnrelatedBusinessRevenueAmt
Exclusion$4,774,691ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

FieldValueIRS element (for citing)
Total Revenue Column$143,114TotalRevenueColumnAmt
Exclusion$143,114ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$10,498,092RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$0RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$10,498,092RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$10,498,092TotalRevenueColumnAmt
Exclusion$10,498,092ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$273,979,838SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$267,895,665SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$6,084,173SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$6,084,173TotalRevenueColumnAmt
Exclusion$6,084,173ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$157,460FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$2,010,833ContriRptFundraisingEventAmt
Fundraising Direct Expenses$869,272FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$711,812TotalRevenueColumnAmt
Exclusion-$711,812ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtExclusionExclusionAmt
Journal/Conference Fees611310$875,045$875,045
Indirect Cost Recovery611310$794,306$794,306
Commissions611310$41,619$41,619
FieldValueIRS element (for citing)
Other Revenue Total$1,710,970OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$507,119,252TotalRevenueColumnAmt
Related Or Exempt Func Income$445,470,426RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue-$13,270UnrelatedBusinessRevenueAmt
Exclusion$22,499,228ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$113,934,688TotalAmt
Program Services$113,934,688ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$8,210,309TotalAmt
Program Services$2,975,590ProgramServicesAmt
Management And General$4,810,410ManagementAndGeneralAmt
Fundraising$424,309FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$669,677TotalAmt
Program Services$669,677ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$168,730,972TotalAmt
Program Services$145,523,347ProgramServicesAmt
Management And General$21,138,328ManagementAndGeneralAmt
Fundraising$2,069,297FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$14,685,844TotalAmt
Program Services$12,830,533ProgramServicesAmt
Management And General$1,671,391ManagementAndGeneralAmt
Fundraising$183,920FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$31,742,848TotalAmt
Program Services$25,155,557ProgramServicesAmt
Management And General$6,277,245ManagementAndGeneralAmt
Fundraising$310,046FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$11,938,806TotalAmt
Program Services$10,064,890ProgramServicesAmt
Management And General$1,708,267ManagementAndGeneralAmt
Fundraising$165,649FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$644,218TotalAmt
Program Services$186,533ProgramServicesAmt
Management And General$451,469ManagementAndGeneralAmt
Fundraising$6,216FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$257,218TotalAmt
Management And General$257,218ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$336,806TotalAmt
Management And General$336,806ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$6,385,456TotalAmt
Management And General$6,385,456ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$17,415,655TotalAmt
Program Services$11,376,331ProgramServicesAmt
Management And General$5,954,762ManagementAndGeneralAmt
Fundraising$84,562FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$1,947,834TotalAmt
Program Services$836,625ProgramServicesAmt
Management And General$1,076,571ManagementAndGeneralAmt
Fundraising$34,638FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$9,177,135TotalAmt
Program Services$6,849,688ProgramServicesAmt
Management And General$2,208,967ManagementAndGeneralAmt
Fundraising$118,480FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$3,942,578TotalAmt
Program Services$1,696,877ProgramServicesAmt
Management And General$2,233,572ManagementAndGeneralAmt
Fundraising$12,129FundraisingAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$546,696TotalAmt
Program Services$72,670ProgramServicesAmt
Management And General$473,953ManagementAndGeneralAmt
Fundraising$73FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$12,941,540TotalAmt
Program Services$10,053,292ProgramServicesAmt
Management And General$2,882,808ManagementAndGeneralAmt
Fundraising$5,440FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$3,898,993TotalAmt
Program Services$3,508,126ProgramServicesAmt
Management And General$320,129ManagementAndGeneralAmt
Fundraising$70,738FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$689,114TotalAmt
Program Services$570,463ProgramServicesAmt
Management And General$116,098ManagementAndGeneralAmt
Fundraising$2,553FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$22,884,353TotalAmt
Program Services$20,065,527ProgramServicesAmt
Management And General$2,818,826ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$24,428,231TotalAmt
Program Services$19,023,925ProgramServicesAmt
Management And General$5,404,306ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$824,579TotalAmt
Program Services$24,576ProgramServicesAmt
Management And General$800,003ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
Equipment rental & main$30,441,142$25,708,421$4,721,361$11,360
Food Service & Catering$5,337,312$5,039,618$194,735$102,959
Contract: TNS Parsons$4,588,348$4,588,348
other$2,821,049$1,915,912$888,372$16,765

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$4,295,746TotalAmt
Program Services$4,288,172ProgramServicesAmt
Management And General$2,064ManagementAndGeneralAmt
Fundraising$5,510FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$503,717,147TotalAmt
Program Services$426,959,386ProgramServicesAmt
Management And General$73,133,117ManagementAndGeneralAmt
Fundraising$3,624,644FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$2,810,857BOYAmt
EOY$2,124,643EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$585,558BOYAmt
EOY$734,035EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$28,923,103BOYAmt
EOY$29,440,895EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$14,489,751BOYAmt
EOY$13,216,576EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$181,819BOYAmt
EOY$197,736EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$37,895,805BOYAmt
EOY$10,815,831EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$949,750,405LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$186,434,578LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$612,587,306BOYAmt
EOY$763,315,827EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$186,712,432BOYAmt
EOY$211,789,376EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$141,601,196BOYAmt
EOY$168,997,301EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$2,735,915BOYAmt
EOY$2,883,186EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$16,922,673BOYAmt
EOY$21,063,144EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,045,446,415BOYAmt
EOY$1,224,578,550EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$58,841,102BOYAmt
EOY$68,000,547EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$11,692,533BOYAmt
EOY$11,399,041EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$421,999,425BOYAmt
EOY$615,725,784EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$25,000,000BOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,048,170BOYAmt
EOY$1,651,204EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$519,581,230BOYAmt
EOY$696,776,576EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$357,277,020BOYAmt
EOY$334,058,966EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$78,723,260BOYAmt
EOY$102,190,006EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$89,864,905BOYAmt
EOY$91,553,002EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$525,865,185BOYAmt
EOY$527,801,974EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,045,446,415BOYAmt
EOY$1,224,578,550EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$3,402,105ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$46,415,996NetUnrlzdGainsLossesInvstAmt
Prior Period Adjustments-$1,352PriorPeriodAdjustmentsAmt
Other Changes In Net Assets-$47,879,960OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Volunteers0VolunteersInd
Paid Staff Or Management0PaidStaffOrManagementInd
Media Advertisements0MediaAdvertisementsInd
Mailings Members0MailingsMembersInd
Publications Or Broadcast0PublicationsOrBroadcastInd
Grants Other Organizations0GrantsOtherOrganizationsInd
Direct Contact Legislators0DirectContactLegislatorsInd
Rallies Demonstrations0RalliesDemonstrationsInd
Other ActivitiesYes (1)OtherActivitiesInd
Other Activities$336,806OtherActivitiesAmt
Total Lobbying Expenditures$336,806TotalLobbyingExpendituresAmt
Not Described Section501c30NotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart II-B, Line 1:FormAndLineReferenceDesc
ExplanationThe expenses were incurred for the purpose of government relations activities with the City of New York, State of New York, and federal government. Lobbying activities are in support of higher education issues and legislation, and to assist in procuring appropriations and grants.ExplanationTxt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Collection Used Pub ExhibitionYes (X)CollectionUsedPubExhibitionInd
Coll Used Scholarly RsrchYes (X)CollUsedScholarlyRsrchInd

Collection Used Other Purposes CollectionUsedOtherPurposesGrp

FieldValueIRS element (for citing)
Collection Used Other PurposesYes (X)CollectionUsedOtherPurposesInd
Other PurposesEducationOtherPurposesDesc
FieldValueIRS element (for citing)
Solicited Assets Sale0SolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$322,316,121BeginningYearBalanceAmt
Contributions$10,068,161ContributionsAmt
Investment Earnings Or Losses$50,726,974InvestmentEarningsOrLossesAmt
Grants Or Scholarships$11,399,069GrantsOrScholarshipsAmt
Other Expenditures$3,684,386OtherExpendituresAmt
End Year Balance$368,027,801EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$346,851,500BeginningYearBalanceAmt
Contributions$1,459,200ContributionsAmt
Investment Earnings Or Losses-$10,875,270InvestmentEarningsOrLossesAmt
Grants Or Scholarships$10,716,760GrantsOrScholarshipsAmt
Other Expenditures$4,402,549OtherExpendituresAmt
End Year Balance$322,316,121EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$303,463,355BeginningYearBalanceAmt
Contributions$47,766,078ContributionsAmt
Investment Earnings Or Losses$8,681,438InvestmentEarningsOrLossesAmt
Grants Or Scholarships$7,825,048GrantsOrScholarshipsAmt
Other Expenditures$5,234,322OtherExpendituresAmt
End Year Balance$346,851,500EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$217,435,334BeginningYearBalanceAmt
Contributions$64,015,821ContributionsAmt
Investment Earnings Or Losses$32,426,028InvestmentEarningsOrLossesAmt
Grants Or Scholarships$2,081,215GrantsOrScholarshipsAmt
Other Expenditures$8,332,614OtherExpendituresAmt
End Year Balance$303,463,355EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$204,782,000BeginningYearBalanceAmt
Contributions$6,546,142ContributionsAmt
Investment Earnings Or Losses$12,236,744InvestmentEarningsOrLossesAmt
Grants Or Scholarships$3,279,677GrantsOrScholarshipsAmt
Other Expenditures$10,000,763OtherExpendituresAmt
End Year Balance$217,435,334EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.62000BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.24000PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.14000TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$81,107,431OtherCostOrOtherBasisAmt
Book Value$81,107,431BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$735,616,073OtherCostOrOtherBasisAmt
Depreciation$131,723,315DepreciationAmt
Book Value$603,892,758BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$76,983,094OtherCostOrOtherBasisAmt
Depreciation$32,547,541DepreciationAmt
Book Value$44,435,553BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$50,513,872OtherCostOrOtherBasisAmt
Depreciation$22,163,722DepreciationAmt
Book Value$28,350,150BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$5,529,935OtherCostOrOtherBasisAmt
Book Value$5,529,935BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$763,315,827TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (3 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
Investments- Hedge Funds$118,464,597F
Investments- Private Equity$14,583,781F
Investments- Real Assets$35,948,923F
FieldValueIRS element (for citing)
Total Book Value Securities$168,997,301TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescFederal Student Loan AdvancesDesc
Amt$1,651,204Amt
FieldValueIRS element (for citing)
Total Liability$1,651,204TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$434,278,039TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$46,415,996NetUnrealizedGainsInvstAmt
Other Revenue$193,663OtherRevenueAmt
Revenue Not Reported$46,609,659RevenueNotReportedAmt
Revenue Subtotal$387,668,380RevenueSubtotalAmt
Investment Expenses Not Incld$6,385,456InvestmentExpensesNotIncldAmt
Other Revenues Not Included$113,065,416OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$119,450,872RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$507,119,252TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$432,974,293TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$49,577,290OtherExpensesIncludedAmt
Expenses Not Reported$49,577,290ExpensesNotReportedAmt
Expenses Subtotal$383,397,003ExpensesSubtotalAmt
Investment Expenses Not Incld2$6,385,456InvestmentExpensesNotIncld2Amt
Other Expenses Not Included$113,934,688OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$120,320,144ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$503,717,147TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part III, Line 1a:ART COLLECTION 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 is cataloged, preserved, and cared for, and activities verifying their existence and assessing their condition are performed by the university's curators under the supervision of the office of the provost. The art collection, which was acquired through purchases and contributions since the university's inception, is not recognized as an asset on the balance sheet. 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 unrestricted net assets.
Part III, Line 4:PUBLIC EXHIBITION 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 2,542 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.
Part V, Line 4:ENDOWMENT FUNDS The university's endowment is composed of approximately 304 individual funds 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.
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. As of June 30, 2017 and 2016, the university has not identified or provided for any such positions.
Part XI, Line 2d - Other Adjustments:Change In Value Of Split Interest -266,665. Change In Postretirement Benefits 460,328.
Part XI, Line 4b - Other Adjustments:Scholarship Expenses 113,934,688. Direct Cost of Special Events -869,272.
Part XII, Line 2d - Other Adjustments:Direct Cost of Special Events 869,272. Adjustment Related To TNS Parsons 634,395. Loss on Debt Refinancing 47,383,913. Bad Debt (Contribution Write-Off) 689,710.
Part XII, Line 4b - Other Adjustments:Scholarship Expenses 113,934,688.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule E, Part I, Line 3A general statement of non-discrimination is included in all advertisement and other printed media relating to the recruitment of students and employees.
Part I, Line 6: Explanation of Government Financial Aid: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 Environmental Protection Agency -United States Department of Defense -The National Endowment for the Arts -The National Endowment for the Humanities -Institute of Museums and Library Services

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp (6 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtRegion Total ExpendituresRegionTotalExpendituresAmtSpecific Services ProvidedSpecificServicesProvidedTxt
Central America and the Caribbean00Investments$138,643,062
East Asia and the Pacific043Program Services$209,733Recruiting, Research
Europe075Program Services$579,475Recruiting, Research
Middle East and North Africa06Program Services$55,672Recruiting, Research
North America028Program Services$158,319Recruiting, Research
South America018Program Services$124,233Recruiting, Research
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees170SubtotalEmployeesCnt
Continutation Total Office0ContinutationTotalOfficeCnt
Continutation Total Employee0ContinutationTotalEmployeeCnt
Total Office0TotalOfficeCnt
Total Employee170TotalEmployeeCnt
Subtotal Spent$139,770,494SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$139,770,494TotalSpentAmt
Transfer To Foreign CorpYes (1)TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp OwnershipYes (1)ForeignCorpOwnershipInd
Passive Foreign Investmest CoYes (1)PassiveForeignInvestmestCoInd
Foreign PartnershipYes (1)ForeignPartnershipInd
Boycott Countries0BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part I, Line 3, Column (F): Accounting Method:The organization uses the accrual method of accounting.
Part IV, Line 4: Passive Foreign Investment Filings:The School is not required to file form 8621 because it did not meet the applicable filing requirements.

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1Fashion BenefitEvent1Nm
Gross Receipts Event1$2,057,033GrossReceiptsEvent1Amt
Charitable Contri Event1$1,907,133CharitableContriEvent1Amt
Gross Revenue Event1$149,900GrossRevenueEvent1Amt
Rent Facility Costs Event1$210,658RentFacilityCostsEvent1Amt
Food And Beverage Event1$594,071FoodAndBeverageEvent1Amt
Other Direct Expenses Event1$26,974OtherDirectExpensesEvent1Amt
Event2Centennial CelebrationEvent2Nm
Gross Receipts Event2$111,260GrossReceiptsEvent2Amt
Charitable Contri Event2$103,700CharitableContriEvent2Amt
Gross Revenue Event2$7,560GrossRevenueEvent2Amt
Food And Beverage Event2$4,360FoodAndBeverageEvent2Amt
Other Direct Expenses Event2$33,209OtherDirectExpensesEvent2Amt
Gross Receipts Total$2,168,293GrossReceiptsTotalAmt
Charitable Contributions Tot$2,010,833CharitableContributionsTotAmt
Gross Revenue Total Events$157,460GrossRevenueTotalEventsAmt
Rent Fclty Costs Total Events$210,658RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$598,431FoodAndBeverageTotalEventsAmt
Oth Direct Expnss Total Events$60,183OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$869,272DirectExpenseSummaryEventsAmt
Net Income Summary-$711,812NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeScholarships and AwardsGrantTypeTxt
Recipient9171RecipientCnt
Cash Grant$113,934,688CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart I, Line 2:FormAndLineReferenceDesc
ExplanationPROCEDURES FOR MONITORING USE OF GRANT FUNDS IN U.S. 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 Environmental Protection Agency -United States Department of Defense -The National Endowment for the Arts -The National Endowment for the HumanitiesExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Housing Allowance Or ResidenceYes (X)HousingAllowanceOrResidenceInd
Personal ServicesYes (X)PersonalServicesInd
Written Policy Ref T And E ExpnssYes (1)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (1)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentYes (1)SeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (1)SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsYes (1)AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (27 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
David Van Zandt
President$729,450$0$0$0$45,951$0$336,539$0$239,008$0$1,350,948$0$0$0
Anne Adriance
Chief Marketing Officer$305,572$0$0$0$26,419$0$31,611$0$31,705$0$395,307$0$0$0
Andy Atzert
VP, Distributed and Global Education$136,999$0$0$0$905$0$14,325$0$16,853$0$169,082$0$0$0
Carol Cantrell
SVP, HR and Labor Relations$236,886$0$0$0$38,640$0$26,500$0$28,563$0$330,589$0$17,237$0
Lia Gartner
VP, Design, Construction and Facilit$263,896$0$0$0$5,436$0$26,500$0$28,738$0$324,570$0$688$0
Mark Gibbel
Chief Development Officer$288,778$0$0$0$52,261$0$31,611$0$29,155$0$401,805$0$0$0
Tim Marshall
Provost$477,211$0$0$0$116,000$0$54,731$0$10,682$0$658,624$0$0$0
Roy Moskowitz
Chief Legal Officer$286,378$0$0$0$71,715$0$26,500$0$31,703$0$416,296$0$5,095$0
Anand Padmanabhan
SVP and Chief Information Officer$276,925$0$0$0$681$0$28,591$0$30,073$0$336,270$0$0$0
Donald Resnick
Chief Enrollment and Success Officer$302,453$0$0$0$90,431$0$32,630$0$11,473$0$436,987$0$0$0
Bryna Mary Sanger
SVP, Academic Affairs$292,575$0$0$0$27,808$0$26,500$0$31,102$0$377,985$0$5,767$0
Olatokumbo Shobowale
Chief Operating Officer$324,958$0$0$0$44,339$0$32,630$0$881$0$402,808$0$0$0
Steve Stabile
VP, Finance & Business and Treasurer$256,226$0$0$0$2,726$0$26,265$0$11,302$0$296,519$0$0$0
Stephanie Browner
Dean$275,383$0$0$0$117,045$0$29,996$0$25,414$0$447,838$0$0$0
Richard Kessler
Dean$275,141$0$0$0$11,081$0$28,312$0$28,829$0$343,363$0$0$0
Pippin Parker
Dean$202,013$0$0$0$1,368$0$21,000$0$28,869$0$253,250$0$0$0
William Milberg
Dean$235,109$0$0$0$60,518$0$25,978$0$29,001$0$350,606$0$0$0
Joel Towers
Dean$310,544$0$0$0$31,183$0$31,985$0$29,164$0$402,876$0$0$0
Mary Watson
Dean$216,904$0$0$0$58,995$0$24,372$0$8,529$0$308,800$0$0$0
Lidewij Edelkoort
Professor$237,899$0$0$0$1,847$0$6,923$0$10,886$0$257,555$0$0$0
Shelley Fox
Professor$201,072$0$0$0$36,728$0$20,906$0$28,866$0$287,572$0$0$0
Carol Kim
VP, Strategic Enrollment Management$215,170$0$12,500$0$353$0$22,992$0$33,691$0$284,706$0$0$0
Benjamin Lee
Professor$246,268$0$0$0$88,063$0$25,625$0$30,754$0$390,710$0$0$0
Ann Stoler
Professor$231,812$0$0$0$62,578$0$22,431$0$2,895$0$319,716$0$0$0
Stefania de Kenessey
Former Dean, Current Professor$171,274$0$0$0$1,622$0$16,968$0$28,761$0$218,625$0$0$0
Linda Reimer
Former SVP, Student Services$8,620$0$0$0$652,419$0$1,604$0$0$0$662,643$0$7,847$0
Michael Schober
Former Dean, Current Professor$200,918$0$0$0$647$0$19,185$0$17,234$0$237,984$0$0$0

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part I, Line 1aCampus housing was provided to David Van Zandt as a condition of employment for the convenience of the university, e.g. hosting faculty, staff, trustee, and fundraising events. Mr. Van Zandt's compensation includes $234,658 for housing and personal services (such as utilities and property upkeep). This amount is included in Part II, Column D. Per contractual agreement, the following individuals received a taxable housing allowance as reported on Part II, Column D: -Anne Adriance $24,231 -Shelley Fox $36,000 -Benjamin Lee $85,000 -Timothy Marshall $116,000 -Donald Resnick $24,231 -Ann Stoler $60,000 -Joel Towers $30,000 -Mary Watson $30,000 -Mark Gibbel $24,231 -Roy Moskowitz $24,231 -Stephanie Browner $50,000 -Olatokumbo Shobowale $24,231
Part I, Lines 4a-bLine 4a: Linda Reimer received a severance payment in the amount of $644,573 as reported on Form 990, Part VII-A and Schedule J, Part II, Column (B)(iii). Line 4b: 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: -Anand Padmanabhan $2,091 -Anne Adriance $5,110 -David Van Zandt $298,500 -Donald Resnick $6,130 -Mark Gibbel $5,110 -Tim Marshall $21,500 -Olatokumbo Shobowale $6,130 -Joel Towers $5,485 -Richard Kessler $1,812 -Stephanie Browner $3,496 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): -Bryna Mary Sanger $5,767 -Carol Cantrell $17,237 -Lia Gartner $688 -Roy Moskowitz $5,095 -Linda Reimer $7,847
Part I, Line 7A non-fixed performance bonus in the amount of $12,500 was provided to Carol Kim as reported on Form 990, Part VII-A and Schedule J, Part II, Column (B)(ii). ADDITIONAL INFORMATION: The following are former officers, key employees, etc., who received a payment in the current reporting year: -Stefania de Kenessey: Position as Dean ended August 2011; currently professor -Michael Schober: Position as Dean ended June 2013; currently professor -Linda Reimer: Position as Senior Vice President for Student Services ended November 2015; no longer an employee

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINCUSIPCUSIPNumBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
Dormitory Authority of the State of New York
A1460002936499055W22010-12-08$295,923,149University Center Construction000
Dormitory Authority of the State of New York
B146000293649906LJ12011-10-20$37,140,274Ref. issues 10/6/01 & 3/15/99000
Dormitory Authority of the State of New York
C14600029364990BDW02015-05-01$140,166,569See Part VI000
Dormitory Authority of the State of New York
D14600029364990CJH52016-11-17$350,211,770See Part VI000

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)

Bond ReferenceBondReferenceCdRetiredRetiredAmtBond DefeasedBondDefeasedAmtTotal ProceedsTotalProceedsAmtCapitalized InterestCapitalizedInterestAmtIssuance Costs From ProceedsIssuanceCostsFromProceedsAmtCredit EnhancementCreditEnhancementAmtCapital ExpendituresCapitalExpendituresAmtSubstantial CompletionSubstantialCompletionYrCurrent RefundingCurrentRefundingIndAdvance RefundingAdvanceRefundingIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintIndUnspentUnspentAmtRefunding EscrowRefundingEscrowAmtOther Spent ProceedsOtherSpentProceedsAmt
A$4,530,000$280,950,000$298,140,632$42,299,370$5,628,715$1,240,074$248,972,4732014000Yes (1)
B$5,655,000$37,140,274$664,8242011Yes (1)0Yes (1)Yes (1)$36,475,450
C$1,535,000$140,166,569$1,055,9422015Yes (1)Yes (1)0Yes (1)$96,959,255$42,151,372
D$350,211,770$1,640,727$67,118,18120160Yes (1)0Yes (1)$274,662,451$6,790,410

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndEngage Bond Counsel ContractsEngageBondCounselContractsIndAny Research AgreementsAnyResearchAgreementsIndPrivate Bus Use By OthersPrivateBusUseByOthersPctPrivate Bus Concerning UBIPrivateBusConcerningUBIPctTotal Private Business UseTotalPrivateBusinessUsePctBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
A00Yes (1)Yes (1)00.000000.000000.0000000Yes (1)
B00000.000000.000000.0000000Yes (1)
C00000.009000.000000.0090000Yes (1)
D0Yes (1)000.192000.000000.1920000Yes (1)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndRebate Not Due YetRebateNotDueYetIndException To RebateExceptionToRebateIndNo Rebate DueNoRebateDueIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsInd
A000Yes (1)0000Yes (1)
B00Yes (1)00000Yes (1)
C0Yes (1)000000Yes (1)
D0Yes (1)000000Yes (1)

Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)

Bond ReferenceBondReferenceCdProcedures Corrective ActionProceduresCorrectiveActionInd
AYes (1)
BYes (1)
CYes (1)
DYes (1)

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule K Supplental InformationFormAndLineReferenceDesc
ExplanationPart I, Bond C, Column F: The 2015 issue refunded issues dated 12/09/10, 11/21/2006, 6/16/2005, 10/16/2001, 5/20/1999. Part I, Bond D, Column F: The 2016 issue financed the aquisition of 34-42 West 14th Street and advanced refunded the series 2010 issue dated 12/08/2010. Part II, Line 4, Bond A: The difference between the total proceeds and the issue price is the investment earnings for the issue. Part II, Line 11, Bond B: The other spent proceeds are the refunding proceeds of the issue (36,179,900) and the NYS issuance fee (295,550). Part II, Line 11, Bond C: The other spent proceeds are the refunding proceeds of the issue that are no longer in escrow (96,657,250) and the NYS issuance fee (302,005). Part II, Line 11, Bond D: The other spent proceeds are the refunding proceeds that are no longer in escrow. Part III, Line 4, Bond D: 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 soley 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 secuirty or payments attributable to the 2016A bond issue, as reflected on Part III, Line 7. Part IV, Line 2c, Bond B: The arbitrage calculation was performed on 5/2/2015.ExplanationTxt

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp

Name Of Interested NameOfInterested

FieldValueIRS element (for citing)
PersonLisa HuestisPersonNm
FieldValueIRS element (for citing)
Relationship DescriptionSee Sch L, Part VRelationshipDescriptionTxt
Transaction$206,268TransactionAmt
TransactionEmploymentTransactionDesc
Sharing Of Revenues0SharingOfRevenuesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSch L, Part IV, Business Transactions Involving Interested Persons:FormAndLineReferenceDesc
Explanation(a) Name of Person: Lisa Huestis(b) Relationship Between Interested Person and Organization:Family member of David Van Zandt, current president(c) Amount of Transaction $206,268.(d) Description of Transaction: Employment(e) Sharing of Organization Revenues? = NoExplanationTxt

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution20ContributionCnt
Noncash Contributions Rpt F990$474,425NoncashContributionsRptF990Amt
Method Of Determining RevenuesAverage Selling PriceMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)

Non Cash CheckboxNonCashCheckboxIndDescDescContributionContributionCntNoncash Contributions Rpt F990NoncashContributionsRptF990AmtMethod Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)Instrument1$65,000Appraisal Value
Yes (X)Equipment1$32,000Selling Price
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (1)ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart I, Column (b):FormAndLineReferenceDesc
ExplanationThe organization is reporting the number of contributors of non-cash contributions for each property type in Schedule M, Part I, Column (b).ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part III, Line 1:ORGANIZATION'S MISSION 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: * 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 VI, Section B, line 11b990 REVIEW PROCESS 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, Section B, line 12cCONFLICT OF INTEREST PROCESS 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 which 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.
Form 990, Part VI, Section B, line 15COMPENSATION REVIEW PROCESS The Compensation Committee of the Board of Trustees is comprised of members of the Executive Committee selected by the Chairman of the Board, and reviews and approves salaries and contracts for all deans, chiefs, and other officers prior to hire and for renewals and promotions. The foregoing shall include additional compensation and benefits for these deans, chiefs, 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. COMPENSATION REVIEW PROCESS FOR OFFICERS AND KEY EMPLOYEES As noted above, the Compensation Committee annually reviews the list of university employees whose salaries categorize them as highly compensated individuals under IRS pension provisions. The Compensation Committee conducted a review and approval of compensation as outlined above during tax year 2016.
Form 990, Part VI, Section C, line 19PUBLIC INSPECTION The university makes its governing documents, conflict of interest policy, 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:Change In Value Of Split Interest -266,665. Change In Postretirement Benefits 460,329. Loss on Debt Refinancing -47,383,913. Bad Debt (Contribution Write-Off) -689,711.
Form 990, Part XII, Line 2c: Audit Oversight:The organization's process for oversight of the audit, including compilation of its financial statements, and the selection of an independent auditor has not changed from the process followed in the prior year.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (3 entries)

Address Line1ForeignAddress/AddressLine1TxtCityForeignAddress/CityNmCountryForeignAddress/CountryCdPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile Foreign CountryLegalDomicileForeignCountryCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationIndForeign PostalForeignAddress/ForeignPostalCdAddress Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxt
Freunde Und Forderer Von The New School
c/o HH LLP 1 Potsdamer Platz 1BerlinGMFacilitate ContributionsGMThe New SchoolYes (1)
TNS Parsons
23 Rue Du RouleParisFREducation and ResearchFRThe New SchoolYes (1)75001
Anatol Shulkin Memorial Scholarship
Awards Scholarships for Art & DesignThe New SchoolYes (1)c/o The New School 79 Fifth AvenueNew YorkNY10003133010477NY501(c)(3)PF
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgYes (1)GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other OrgYes (1)PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

FieldValueIRS element (for citing)
Business Name Line1TNS ParsonsBusinessNameLine1Txt
FieldValueIRS element (for citing)
Transaction TypeMTransactionTypeTxt
Involved$4,588,348InvolvedAmt
Method Of Amount DeterminationCostMethodOfAmountDeterminationTxt