2018-05-14T13:52:44-05:00 2017-06-30 271728945 PKF O'Connor Davies LLP 665 Fifth Avenue New York NY 10022 990 2016-07-01 133297197 The New School NEWS 2122291323 66 West 12th Street New York NY 10011 Stephen Stabile VP & Treasurer 2122295600 2018-05-14 1 Garrett M Higgins P00543209 2122862600 2018-05-14 65.51.112.58 2018-05-14 13:52:40 ED P EABB674C3E6C355F7E1537161DFD3A2F2A375A93 A3EB9A663B166A7F172762214481AEBFA8C1AD13 2016 2021-01-29 14:40:06Z David Van Zandt 66 West 12th Street New York NY 10011 775884189 0 X www.newschool.edu X 1919 NY See 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. 41 40 7402 139 -13270 -16520 38686211 39162868 424560684 445470426 5149273 10988708 11365520 11497250 479761688 507119252 107757767 113934688 0 0 226187689 235978456 0 0 3624644 146460610 153804003 480406066 503717147 -644378 3402105 1045446415 1224578550 519581230 696776576 525865185 527801974 X See Schedule O 0 0 166448196 399497468 Academic Program: The university's academic program is composed of instructional, research, and public service activities. The university awards baccalaureate, masters, and doctoral degrees. In academic year 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. 113934688 113934688 Scholarship And Financial Aid:The New School seeks to make its education as affordable as possible by offering financial support to students based on financial need, academic achievement, and other qualifications through scholarships and work study programs, which are funded by institutional funds and federal, state and private grants. In academic year 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. 102249859 Educational Support: The university's educational support program is composed of academic support and student services. Academic support provides support services, such as libraries, academic technology, and faculty and curriculum development, for its primary missions of instruction, research and public service. Student services provide various services to students, which contribute to the students' emotional and physical well-being and to their intellectual, cultural, and social development outside the context of the university's formal instructional programs. 44326643 45972958 Auxiliary revenue for dormitories, dining services, and health services. 44326643 45972958 426959386 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 1 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 1 0 0 1 10235 0 1 7402 1 1 1 1 GM FR 0 0 0 1 1 0 0 0 0 X 41 40 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X Steve Stabile VP & Treasurer 2122295600 66 West 12th Street New York NY 10011 David Van Zandt President 60.00 X X 775401 0 575547 Joseph R Gromek Chair 1.00 X X 0 0 0 Franci J Blassberg Vice Chair 1.00 X X 0 0 0 Susan L Foote Vice Chair 1.00 X X 0 0 0 Elliot Stein Vice Chair 1.00 X X 0 0 0 Syed Ahad Ali Trustee 1.00 X 0 0 0 Henry H Arnhold Trustee 1.00 X 0 0 0 Arnold H Aronson Trustee 1.00 X 0 0 0 Steven H Bloom Trustee 1.00 X 0 0 0 Dominique Bluhdorn Trustee 1.00 X 0 0 0 Christopher J Castano Trustee 1.00 X 0 0 0 Jane DeFlorio Trustee 1.00 X 0 0 0 Beth Rudin DeWoody Trustee 1.00 X 0 0 0 Douglas D Durst Trustee 1.00 X 0 0 0 Fred A Dust Trustee 1.00 X 0 0 0 Michael E Gellert Trustee 1.00 X 0 0 0 Nancye Green Trustee 1.00 X 0 0 0 Jeffrey Gural Trustee 1.00 X 0 0 0 Susan U Halpern Trustee 1.00 X 0 0 0 William E Havemeyer Trustee 1.00 X 0 0 0 Robert F Hoerle Trustee 1.00 X 0 0 0 Sheila C Johnson Trustee 1.00 X 0 0 0 Michael J Johnston Trustee 1.00 X 0 0 0 Alexander Jutkowitz Trustee 1.00 X 0 0 0 Larisa Karamchakova Trustee 1.00 X 0 0 0 Ingrid Harvold Kvangraven Trustee until 6/30/17 1.00 X 0 0 0 Bevis Longstreth Trustee 1.00 X 0 0 0 Anthony J Mannarino Trustee 1.00 X 0 0 0 David E McClean Trustee 1.00 X 0 0 0 Daniel T Motulsky Trustee 1.00 X 0 0 0 Robert H Mundheim Trustee 1.00 X 0 0 0 Charles R Perrin Trustee 1.00 X 0 0 0 Timothy L Porter Trustee 1.00 X 0 0 0 Linda E Rappaport Trustee 1.00 X 0 0 0 Douglas Shulman Trustee 1.00 X 0 0 0 Stanley P Silverstein Trustee 1.00 X 0 0 0 Malcolm B Smith Trustee 1.00 X 0 0 0 Kay Unger Trustee 1.00 X 0 0 0 Lilian Shiao-Yen Wu Trustee 1.00 X 0 0 0 William D Zabel Trustee 1.00 X 0 0 0 Judith Zarin Trustee 1.00 X 0 0 0 Anne Adriance Chief Marketing Officer 40.00 X 331991 0 63316 Andy Atzert VP, Distributed and Global Education 40.00 4.00 X 137904 0 31178 Carol Cantrell SVP, HR and Labor Relations 40.00 X 275526 0 55063 Lia Gartner VP, Design, Construction and Facilities 40.00 X 269332 0 55238 Mark Gibbel Chief Development Officer 40.00 X 341039 0 60766 Tim Marshall Provost 40.00 1.00 X 593211 0 65413 Roy Moskowitz Chief Legal Officer 40.00 X 358093 0 58203 Anand Padmanabhan SVP and Chief Information Officer 40.00 X 277606 0 58664 Donald Resnick Chief Enrollment and Success Officer 40.00 X 392884 0 44103 Bryna Mary Sanger SVP, Academic Affairs 40.00 X 320383 0 57602 Olatokumbo Shobowale Chief Operating Officer 40.00 X 369297 0 33511 Steve Stabile VP, Finance & Business and Treasurer 40.00 0.10 X 258952 0 37567 Stephanie Browner Dean 40.00 X 392428 0 55410 Richard Kessler Dean 40.00 X 286222 0 57141 Pippin Parker Dean 40.00 X 203381 0 49869 William Milberg Dean 40.00 X 295627 0 54979 Joel Towers Dean 40.00 X 341727 0 61149 Mary Watson Dean 40.00 X 275899 0 32901 Lidewij Edelkoort Professor 40.00 X 239746 0 17809 Shelley Fox Professor 40.00 X 237800 0 49772 Carol Kim VP, Strategic Enrollment Management 40.00 X 228023 0 56683 Benjamin Lee Professor 40.00 X 334331 0 56379 Ann Stoler Professor 40.00 X 294390 0 25326 Stefania de Kenessey Former Dean, Current Professor 40.00 X 172896 0 45729 Linda Reimer Former SVP, Student Services 40.00 X 661039 0 1604 Michael Schober Former Dean, Current Professor 40.00 X 201565 0 36419 8866693 0 1797341 292 1 1 0 Qwest Contracting Corp 153 W 27th Street Ste 502 New York NY 10001 Architectural Service 12060167 TNS Parsons 23 Rue Du Roule Paris FR 75001 Contractual Services 4588348 Compass Group USA Inc PO Box 417632 Boston MA 02241 Food Service 4089347 Accenture LLP 161 N Clark Street Chicago IL 60601 Technology Consulting 2871517 Rosetta Marketing Group LLC 21-01 Queens Plaza North 3rd Fl Long Island City NY 11101 Marketing 2626183 113 49500 2010833 16503 5120757 31965275 571425 39162868 Tuition & Fees 611310 396494435 396494435 Aux Enterprise Rev 611310 45972958 45972958 Commercial Contracts 611310 2766706 2766706 Svc of Education Dept 611310 236327 236327 445470426 4761421 -13270 4774691 143114 143114 10498092 0 10498092 10498092 10498092 273979838 267895665 6084173 6084173 6084173 157460 2010833 869272 -711812 -711812 Journal/Conference Fees 611310 875045 875045 Indirect Cost Recovery 611310 794306 794306 Commissions 611310 41619 41619 1710970 507119252 445470426 -13270 22499228 113934688 113934688 8210309 2975590 4810410 424309 669677 669677 168730972 145523347 21138328 2069297 14685844 12830533 1671391 183920 31742848 25155557 6277245 310046 11938806 10064890 1708267 165649 644218 186533 451469 6216 257218 257218 336806 336806 6385456 6385456 17415655 11376331 5954762 84562 1947834 836625 1076571 34638 9177135 6849688 2208967 118480 3942578 1696877 2233572 12129 546696 72670 473953 73 12941540 10053292 2882808 5440 3898993 3508126 320129 70738 689114 570463 116098 2553 22884353 20065527 2818826 24428231 19023925 5404306 824579 24576 800003 Equipment rental & main 30441142 25708421 4721361 11360 Food Service & Catering 5337312 5039618 194735 102959 Contract: TNS Parsons 4588348 4588348 other 2821049 1915912 888372 16765 4295746 4288172 2064 5510 503717147 426959386 73133117 3624644 2810857 2124643 585558 734035 28923103 29440895 14489751 13216576 181819 197736 37895805 10815831 949750405 186434578 612587306 763315827 186712432 211789376 141601196 168997301 2735915 2883186 16922673 21063144 1045446415 1224578550 58841102 68000547 11692533 11399041 421999425 615725784 25000000 2048170 1651204 519581230 696776576 X 357277020 334058966 78723260 102190006 89864905 91553002 525865185 527801974 1045446415 1224578550 X 3402105 46415996 -1352 -47879960 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 336806 336806 0 Part II-B, Line 1: The 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. X X X Education 0 322316121 10068161 50726974 11399069 3684386 368027801 346851500 1459200 -10875270 10716760 4402549 322316121 303463355 47766078 8681438 7825048 5234322 346851500 217435334 64015821 32426028 2081215 8332614 303463355 204782000 6546142 12236744 3279677 10000763 217435334 0.62000 0.24000 0.14000 0 0 81107431 81107431 735616073 131723315 603892758 76983094 32547541 44435553 50513872 22163722 28350150 5529935 5529935 763315827 Investments- Hedge Funds 118464597 F Investments- Private Equity 14583781 F Investments- Real Assets 35948923 F 168997301 Federal Student Loan Advances 1651204 1651204 X 434278039 46415996 193663 46609659 387668380 6385456 113065416 119450872 507119252 432974293 49577290 49577290 383397003 6385456 113934688 120320144 503717147 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. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 A 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 Central America and the Caribbean 0 0 Investments 138643062 East Asia and the Pacific 0 43 Program Services Recruiting, Research 209733 Europe 0 75 Program Services Recruiting, Research 579475 Middle East and North Africa 0 6 Program Services Recruiting, Research 55672 North America 0 28 Program Services Recruiting, Research 158319 South America 0 18 Program Services Recruiting, Research 124233 0 170 0 0 0 170 139770494 0 139770494 1 0 1 1 1 0 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. Fashion Benefit 2057033 1907133 149900 210658 594071 26974 Centennial Celebration 111260 103700 7560 4360 33209 2168293 2010833 157460 210658 598431 60183 869272 -711812 1 Scholarships and Awards 9171 113934688 Part I, Line 2: PROCEDURES 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 Humanities X X 1 1 X X X X X 1 1 0 0 0 0 0 1 0 David Van Zandt President 729450 0 0 0 45951 0 336539 0 239008 0 1350948 0 0 0 Anne Adriance Chief Marketing Officer 305572 0 0 0 26419 0 31611 0 31705 0 395307 0 0 0 Andy Atzert VP, Distributed and Global Education 136999 0 0 0 905 0 14325 0 16853 0 169082 0 0 0 Carol Cantrell SVP, HR and Labor Relations 236886 0 0 0 38640 0 26500 0 28563 0 330589 0 17237 0 Lia Gartner VP, Design, Construction and Facilit 263896 0 0 0 5436 0 26500 0 28738 0 324570 0 688 0 Mark Gibbel Chief Development Officer 288778 0 0 0 52261 0 31611 0 29155 0 401805 0 0 0 Tim Marshall Provost 477211 0 0 0 116000 0 54731 0 10682 0 658624 0 0 0 Roy Moskowitz Chief Legal Officer 286378 0 0 0 71715 0 26500 0 31703 0 416296 0 5095 0 Anand Padmanabhan SVP and Chief Information Officer 276925 0 0 0 681 0 28591 0 30073 0 336270 0 0 0 Donald Resnick Chief Enrollment and Success Officer 302453 0 0 0 90431 0 32630 0 11473 0 436987 0 0 0 Bryna Mary Sanger SVP, Academic Affairs 292575 0 0 0 27808 0 26500 0 31102 0 377985 0 5767 0 Olatokumbo Shobowale Chief Operating Officer 324958 0 0 0 44339 0 32630 0 881 0 402808 0 0 0 Steve Stabile VP, Finance & Business and Treasurer 256226 0 0 0 2726 0 26265 0 11302 0 296519 0 0 0 Stephanie Browner Dean 275383 0 0 0 117045 0 29996 0 25414 0 447838 0 0 0 Richard Kessler Dean 275141 0 0 0 11081 0 28312 0 28829 0 343363 0 0 0 Pippin Parker Dean 202013 0 0 0 1368 0 21000 0 28869 0 253250 0 0 0 William Milberg Dean 235109 0 0 0 60518 0 25978 0 29001 0 350606 0 0 0 Joel Towers Dean 310544 0 0 0 31183 0 31985 0 29164 0 402876 0 0 0 Mary Watson Dean 216904 0 0 0 58995 0 24372 0 8529 0 308800 0 0 0 Lidewij Edelkoort Professor 237899 0 0 0 1847 0 6923 0 10886 0 257555 0 0 0 Shelley Fox Professor 201072 0 0 0 36728 0 20906 0 28866 0 287572 0 0 0 Carol Kim VP, Strategic Enrollment Management 215170 0 12500 0 353 0 22992 0 33691 0 284706 0 0 0 Benjamin Lee Professor 246268 0 0 0 88063 0 25625 0 30754 0 390710 0 0 0 Ann Stoler Professor 231812 0 0 0 62578 0 22431 0 2895 0 319716 0 0 0 Stefania de Kenessey Former Dean, Current Professor 171274 0 0 0 1622 0 16968 0 28761 0 218625 0 0 0 Linda Reimer Former SVP, Student Services 8620 0 0 0 652419 0 1604 0 0 0 662643 0 7847 0 Michael Schober Former Dean, Current Professor 200918 0 0 0 647 0 19185 0 17234 0 237984 0 0 0 Part I, Line 1a Campus 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-b Line 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 7 A 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 A Dormitory Authority of the State of New York 146000293 6499055W2 2010-12-08 295923149 University Center Construction 0 0 0 B Dormitory Authority of the State of New York 146000293 649906LJ1 2011-10-20 37140274 Ref. issues 10/6/01 & 3/15/99 0 0 0 C Dormitory Authority of the State of New York 146000293 64990BDW0 2015-05-01 140166569 See Part VI 0 0 0 D Dormitory Authority of the State of New York 146000293 64990CJH5 2016-11-17 350211770 See Part VI 0 0 0 A 4530000 280950000 298140632 42299370 5628715 1240074 248972473 2014 0 0 0 1 B 5655000 37140274 664824 36475450 2011 1 0 1 1 C 1535000 140166569 42151372 1055942 96959255 2015 1 1 0 1 D 350211770 274662451 1640727 67118181 6790410 2016 0 1 0 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00900 0.00000 0.00900 0 0 1 D 0 1 0 0 0.19200 0.00000 0.19200 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 1 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 D 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 Schedule K Supplental Information Part 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. Lisa Huestis See Sch L, Part V 206268 Employment 0 Sch L, Part IV, Business Transactions Involving Interested Persons: (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? = No X 20 474425 Average Selling Price X Instrument 1 65000 Appraisal Value X Equipment 1 32000 Selling Price 0 1 0 Part I, Column (b): The organization is reporting the number of contributors of non-cash contributions for each property type in Schedule M, Part I, Column (b). 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 11b 990 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 12c CONFLICT 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 15 COMPENSATION 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 19 PUBLIC 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. Freunde Und Forderer Von The New School c/o HH LLP 1 Potsdamer Platz 1 Berlin GM Facilitate Contributions GM The New School 1 TNS Parsons 23 Rue Du Roule Paris FR 75001 Education and Research FR The New School 1 Anatol Shulkin Memorial Scholarship c/o The New School 79 Fifth Avenue New York NY 10003 133010477 Awards Scholarships for Art & Design NY 501(c)(3) PF The New School 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 TNS Parsons M 4588348 Cost