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NYU LANGONE HEALTH SYSTEM: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
NYU LANGONE HEALTH SYSTEM (EIN 47-2613531)
Tax period
2015-09-01 to 2016-08-31
Filed
2017-07-13
IRS object ID
201731949349301218
Schema version
2015v3.0
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)
Return2017-07-13T15:09:31-05:00ReturnTs
Tax Period End2016-08-31TaxPeriodEndDt
Return Type990ReturnTypeCd
Tax Period Begin2015-09-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN472613531EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1NYU LANGONE HEALTH SYSTEMBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlNYULBusinessNameControlTxt
Phone2122633092PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1550 FIRST AVENUE MSB 153AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10016ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMICHAEL T BURKEPersonNm
Person TitleCFOPersonTitleTxt
Phone2122633092PhoneNum
Signature2017-07-13SignatureDt
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMICHAEL T BURKEPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1550 FIRST AVENUE MSB 153AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10016ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$18,015GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2014FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionTHE MISSION OF NYU LANGONE HEALTH SYSTEM IS TO SUPPORT THE ACTIVITIES OF ITS SUBSIDIARY INSTITUTIONS AS THEY WORK TO IMPROVE THE HEALTH AND WELFARE OF THE COMMUNITIES THEY SERVE.ActivityOrMissionDesc
Voting Members Governing Body59VotingMembersGoverningBodyCnt
Voting Members Independent54VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$18,015CYOtherRevenueAmt
PY Total Revenue$0PYTotalRevenueAmt
CY Total Revenue$18,015CYTotalRevenueAmt
PY Grants And Similar Paid$472,395PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$546,278PYOtherExpensesAmt
CY Other Expenses$0CYOtherExpensesAmt
PY Total Expenses$1,018,673PYTotalExpensesAmt
CY Total Expenses$0CYTotalExpensesAmt
PY Revenues Less Expenses-$1,018,673PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$18,015CYRevenuesLessExpensesAmt
Total Assets BOY$134,295,672TotalAssetsBOYAmt
Total Assets EOY$199,443,573TotalAssetsEOYAmt
Total Liabilities BOY$11,996,345TotalLiabilitiesBOYAmt
Total Liabilities EOY$77,126,231TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$122,299,327NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$122,317,342NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE BOARD ADOPTED MISSION SATEMENT IS: THE CORPORATION IS OPERATED EXCLUSIVELY FOR THE BENEFIT OF NYU HOSPITALS CENTER AND ITS AFFILIATED ORGANIZATIONS. IN THIS CAPACITY, THE CORPORATION, MAY, IN ORDER TO IMPROVE THE HEALTH AND WELFARE OF THE COMMUNITY SERVED BY THE SUPPORTED ORGANIZATIONS: (I) PLAN, PREPARE FOR, PROMOTE, AND ASSIST THE SUPPORTED ORGANIZATIONS WITH THEIR RESPECTIVE MISSIONS, GOVERNANCE, POLICY MAKING, AND STRATEGIC PLANNING; AND (II) DEVELOP, SPONSOR, AND PROMOTE SERVICES AND PROGRAMS THAT ARE CHARITABLE, SCIENTIFIC OR EDUCATIONAL AND ADVANCE THE KNOWLEDGE AND PRACTICE OF, AND EDUCATION AND RESEARCH IN, MEDICINE, SURGERY, NURSING, AND OTHER OBJECTS RELATED TO THE CARE AND TREATMENT OF HUMANS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$0ExpenseAmt
Grant$0GrantAmt
Revenue$18,016RevenueAmt
DescNYU LANGONE HEALTH SYSTEM PROVIDED SUPPORT TO NYU HOSPITALS CENTER ("NYUHC") AND NYU LUTHERAN PRIOR TO ITS MERGER WITH NYUHC ON JANUARY 1, 2016, IN ORDER TO PROMOTE AND ASSIST THE SUPPORTED ORGANIZATIONS WITH THEIR RESPECTIVE MISSION, GOVERNANCE, POLICY MAKING, AND STRATEGIC PLANNING.Desc
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
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 Document33IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Form8282 Filed0Form8282FiledCnt
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 Members59GoverningBodyVotingMembersCnt
Independent Voting Member54IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org DocumentsYes (1)ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
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 CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MICHAEL T BURKE CFOBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2122633092PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1550 FIRST AVENUEAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10016ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (71 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
KENNETH G LANGONE
CHAIR1.000.00Yes (X)Yes (X)$0$0$0
LAURENCE D FINK
CO-CHAIR1.000.00Yes (X)Yes (X)$0$0$0
WILLIAM R BERKLEY
TRUSTEE1.000.00Yes (X)$0$0$0
CASEY BOX
TRUSTEE1.000.00Yes (X)$0$0$0
EDGAR M BRONFMAN JR
TRUSTEE1.000.00Yes (X)$0$0$0
SUSAN BLOCK CASDIN
TRUSTEE1.000.00Yes (X)$0$0$0
KENNETH I CHENAULT
TRUSTEE1.000.00Yes (X)$0$0$0
GARY D COHN
TRUSTEE1.000.00Yes (X)$0$0$0
WILLIAM J CONSTANTINE
TRUSTEE1.000.00Yes (X)$0$0$0
JAMIE DIMON
TRUSTEE1.000.00Yes (X)$0$0$0
FIONA B DRUCKENMILLER
TRUSTEE1.000.00Yes (X)$0$0$0
JAMES J DUNNE III
TRUSTEE1.000.00Yes (X)$0$0$0
LORI FINK
TRUSTEE1.000.00Yes (X)$0$0$0
PAOLO FRESCO
TRUSTEE1.000.00Yes (X)$0$0$0
TRUDY E GOTTESMAN
TRUSTEE1.000.00Yes (X)$0$0$0
JACKIE S HARRIS
TRUSTEE1.000.00Yes (X)$0$0$0
PAUL TUDOR JONES
TRUSTEE1.000.00Yes (X)$0$0$0
MEL KARMAZIN
TRUSTEE1.000.00Yes (X)$0$0$0
HELEN L KIMMEL
TRUSTEE1.000.00Yes (X)$0$0$0
SIDNEY LAPIDUS
TRUSTEE1.000.00Yes (X)$0$0$0
THOMAS H LEE
TRUSTEE1.000.00Yes (X)$0$0$0
LAURENCE C LEEDS JR
TRUSTEE1.000.00Yes (X)$0$0$0
MARTIN LIPTON ESQ
TRUSTEE1.000.00Yes (X)$0$0$0
STEPHEN F MACK
TRUSTEE1.000.00Yes (X)$0$0$0
LOUIS MARX JR
TRUSTEE1.000.00Yes (X)$0$0$0
SIR DERYCK C MAUGHAN
TRUSTEE1.000.00Yes (X)$0$0$0
ROBERTO A MIGNONE
TRUSTEE1.000.00Yes (X)$0$0$0
EDWARD J MINSKOFF
TRUSTEE1.000.00Yes (X)$0$0$0
THOMAS K MONTAG
TRUSTEE1.000.00Yes (X)$0$0$0
DARLA MOORE
TRUSTEE1.000.00Yes (X)$0$0$0
THOMAS S MURPHY SR
TRUSTEE1.000.00Yes (X)$0$0$0
THOMAS S MURPHY JR
TRUSTEE1.000.00Yes (X)$0$0$0
FRANK T NICKELL
TRUSTEE1.000.00Yes (X)$0$0$0
MICHAEL E NOVOGRATZ
TRUSTEE1.000.00Yes (X)$0$0$0
DEBRA PERELMAN
TRUSTEE1.000.00Yes (X)$0$0$0
RONALD O PERELMAN
TRUSTEE1.000.00Yes (X)$0$0$0
ISAAC PERLMUTTER
TRUSTEE1.000.00Yes (X)$0$0$0
LAURA PERLMUTTER
TRUSTEE1.000.00Yes (X)$0$0$0
DOUGLAS A PHILLIPS
TRUSTEE1.000.00Yes (X)$0$0$0
RICHARD P RICHMAN
TRUSTEE1.000.00Yes (X)$0$0$0
LINDA GOSDEN ROBINSON
TRUSTEE1.000.00Yes (X)$0$0$0
DANIEL ROSENBLOOM ESQ
TRUSTEE1.000.00Yes (X)$0$0$0
E JOHN ROSENWALD JR
TRUSTEE1.000.00Yes (X)$0$0$0
ALAN D SCHWARTZ
TRUSTEE1.000.00Yes (X)$0$0$0
BARRY F SCHWARTZ
TRUSTEE1.000.00Yes (X)$0$0$0
BERNARD L SCHWARTZ
TRUSTEE1.000.00Yes (X)$0$0$0
LARRY A SILVERSTEIN
TRUSTEE1.000.00Yes (X)$0$0$0
JOEL E SMILOW
TRUSTEE1.000.00Yes (X)$0$0$0
CARLA SOLOMON PHD
TRUSTEE1.000.00Yes (X)$0$0$0
WILLIAM C STEERE JR
TRUSTEE1.000.00Yes (X)$0$0$0
DANIEL SUNDHEIM
TRUSTEE1.000.00Yes (X)$0$0$0
ALLEN R THORPE
TRUSTEE1.000.00Yes (X)$0$0$0
ALICE M TISCH
TRUSTEE1.000.00Yes (X)$0$0$0
THOMAS J TISCH
TRUSTEE1.000.00Yes (X)$0$0$0
JAN T VILCEK MD PHD
TRUSTEE1.000.00Yes (X)$0$63,939$11,104
BRADLEY J WECHSLER
TRUSTEE1.000.00Yes (X)$0$0$0
ANTHONY WELTERS
TRUSTEE1.000.00Yes (X)$0$0$0
ROBERT BERNE PHD
EX-OFFICIO1.0060.00Yes (X)$0$1,431,081$41,034
MARTIN DORPH
EX-OFFICIO1.0060.00Yes (X)$0$745,015$47,286
ROBERT I GROSSMAN MD
EX-OFFICIO, DEAN & CEO0.0060.00Yes (X)Yes (X)$0$5,453,581$1,904,253
ANDREW HAMILTON PHD
EX-OFFICIO (FROM: 1/1/16)1.0060.00Yes (X)$0$0$0
JOHN E SEXTON
EX-OFFICIO (THROUGH: 12/31/15)1.0060.00Yes (X)$0$10,874,698$129,254
ANDREW W BROTMAN MD
SVP/VICE DEAN CHIEF CLINICAL OFFCR0.0060.00Yes (X)$0$2,495,052$24,292
MICHAEL T BURKE
SVP/VICE DEAN, CFO0.0060.00Yes (X)$0$1,931,860$29,948
ANNETTE JOHNSON JD
SVP/VICE DEAN, GENERAL COUNSEL0.0060.00Yes (X)$0$1,554,322$29,198
GRACE KO
SVP, DEVELOPMENT & ALUMNI AFFAIRS30.0030.00Yes (X)$0$1,026,299$24,672
JOSEPH LHOTA
SVP/VICE DEAN, CHIEF OF STAFF0.0060.00Yes (X)$0$1,614,071$30,764
VICKI MATCH SUNA AIA
SVP/VICE DEAN, REAL ESTATE30.0030.00Yes (X)$0$1,497,177$30,139
NADER MHERABI
SVP/VICE DEAN, CIO30.0030.00Yes (X)$0$1,512,869$24,039
NANCY SANCHEZ
SVP/VICE DEAN, HR AND ODL30.0030.00Yes (X)$0$1,425,306$27,252
RICHARD DONOGHUE
SVP, STRTGC PLNG & BUS DEV0.0060.00Yes (X)$0$1,460,549$24,656
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$33,085,819TotReportableCompRltdOrgAmt
Total Other Compensation$2,377,891TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
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/ZIPCdServicesServicesDescCompensationCompensationAmt
IGX ACQUISITION GLOBAL LLC
50 INWOOD ROADROCKY HILLCT06067CONSULTING$2,491,589
ACCENTURE LLP
1345 6TH AVENUENEW YORKNY10105CONSULTING$476,017
SANTA ROSA CONSULTING LLC
2555 MERIDIAN BLVD SUITE 250FRANKLINTN37067CONSULTING$461,129
THE WELLSTONE GROUP LLC
435 CENTRE ISLAND ROADOYSTER BAYNY11771CONSULTING$310,427
DASILVA ARCHITECTS
15 WEST 37TH STREETNEW YORKNY10018ARCHITECTURAL$308,106
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K10CntrctRcvdGreaterThan100KCnt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescEXPENSE REIMBURSEMENTSDesc
Business561000BusinessCd
Total Revenue Column$18,015TotalRevenueColumnAmt
Related Or Exempt Func Income$18,015RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$18,015OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$18,015TotalRevenueColumnAmt
Related Or Exempt Func Income$18,015RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
Program Services$0ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$796,982BOYAmt
EOY$1,040,677EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
EOY$1,842,271EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$133,498,690BOYAmt
EOY$196,560,625EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$134,295,672BOYAmt
EOY$199,443,573EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$2,817,337BOYAmt
EOY$22,777,615EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$9,179,008BOYAmt
EOY$54,348,616EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$11,996,345BOYAmt
EOY$77,126,231EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$117,427,327BOYAmt
EOY$117,445,342EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$4,671,000BOYAmt
EOY$4,671,000EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$201,000BOYAmt
EOY$201,000EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$122,299,327BOYAmt
EOY$122,317,342EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$134,295,672BOYAmt
EOY$199,443,573EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$18,015ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
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 Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Supporting Organization509a3Yes (X)SupportingOrganization509a3Ind
Supporting Org Type2Yes (X)SupportingOrgType2Ind
Supported Organizations1SupportedOrganizationsCnt

Supported Org Information SupportedOrgInformationGrp

Supported Organization Name SupportedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1NYU HOSPITALS CENTERBusinessNameLine1Txt
FieldValueIRS element (for citing)
EIN133971298EIN
Organization Type3OrganizationTypeCd
Governing Document ListedYes (1)GoverningDocumentListedInd
Support$0SupportAmt
Other Support$0OtherSupportAmt
FieldValueIRS element (for citing)
Supported Organizations Total1SupportedOrganizationsTotalCnt
Support Sum$0SupportSumAmt
Other Support Sum$0OtherSupportSumAmt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

FieldValueIRS element (for citing)
Listed By Name Governing DocYes (1)ListedByNameGoverningDocInd
Suprt Org No IRS Determination0SuprtOrgNoIRSDeterminationInd
Supported Org Section C4560SupportedOrgSectionC456Ind
Supported Org Not Organized US0SupportedOrgNotOrganizedUSInd
Organization Change Suprt Org0OrganizationChangeSuprtOrgInd
Support Non Supported Org0SupportNonSupportedOrgInd
Payment Substantial Contribtr0PaymentSubstantialContribtrInd
Loan Disqualified Person0LoanDisqualifiedPersonInd
Controlled Disqualified Prsn0ControlledDisqualifiedPrsnInd
Disqualified Prsn Controll Int0DisqualifiedPrsnControllIntInd
Disqualified Prsn Ownr Int0DisqualifiedPrsnOwnrIntInd
Excess Business Holdings Rules0ExcessBusinessHoldingsRulesInd
Contribution Controller0ContributionControllerInd
Contribution Family0ContributionFamilyInd
Contribution35 Controlled0Contribution35ControlledInd
FieldValueIRS element (for citing)
Majority Dir Trst Supported OrgYes (1)MajorityDirTrstSupportedOrgInd

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (2 entries)

DescDescBook ValueBookValueAmt
INVESTMENT IN NYU LUTHERAN$123,318,000
DUE FROM RELATED ENTITIES$73,242,625
FieldValueIRS element (for citing)
Total Book Value Other Assets$196,560,625TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescDUE TO RELATED ORGANIZATIONSDesc
Amt$54,348,616Amt
FieldValueIRS element (for citing)
Total Liability$54,348,616TotalLiabilityAmt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance Payment0SeverancePaymentInd
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 Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (14 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
JAN T VILCEK MD PHD
TRUSTEE$0$63,939$0$0$0$0$0$6,896$0$4,208$0$75,043$0$0
ROBERT BERNE PHD
EX-OFFICIO$0$1,431,081$0$0$0$0$0$26,500$0$14,534$0$1,472,115$0$0
MARTIN DORPH
EX-OFFICIO$0$649,204$0$0$0$95,811$0$26,500$0$20,786$0$792,301$0$0
ROBERT I GROSSMAN MD
EX-OFFICIO, DEAN & CEO$0$2,607,867$0$2,000,000$0$845,714$0$1,898,597$0$5,656$0$7,357,834$0$675,469
JOHN E SEXTON
EX-OFFICIO (THROUGH: 12/31/15)$0$605,663$0$0$0$10,269,035$0$26,500$0$102,754$0$11,003,952$0$431,500
ANDREW W BROTMAN MD
SVP/VICE DEAN CHIEF CLINICAL OFFCR$0$1,281,441$0$1,200,000$0$13,611$0$24,292$0$0$0$2,519,344$0$0
MICHAEL T BURKE
SVP/VICE DEAN, CFO$0$1,025,881$0$900,000$0$5,979$0$24,292$0$5,656$0$1,961,808$0$0
ANNETTE JOHNSON JD
SVP/VICE DEAN, GENERAL COUNSEL$0$731,654$0$800,000$0$22,668$0$24,292$0$4,906$0$1,583,520$0$0
GRACE KO
SVP, DEVELOPMENT & ALUMNI AFFAIRS$0$525,598$0$500,000$0$701$0$20,564$0$4,108$0$1,050,971$0$0
JOSEPH LHOTA
SVP/VICE DEAN, CHIEF OF STAFF$0$1,003,934$0$600,000$0$10,137$0$24,292$0$6,472$0$1,644,835$0$0
VICKI MATCH SUNA AIA
SVP/VICE DEAN, REAL ESTATE$0$690,490$0$800,000$0$6,687$0$24,292$0$5,847$0$1,527,316$0$0
NADER MHERABI
SVP/VICE DEAN, CIO$0$695,557$0$800,000$0$17,312$0$19,433$0$4,606$0$1,536,908$0$0
NANCY SANCHEZ
SVP/VICE DEAN, HR AND ODL$0$620,463$0$800,000$0$4,843$0$24,292$0$2,960$0$1,452,558$0$0
RICHARD DONOGHUE
SVP, STRTGC PLNG & BUS DEV$0$737,796$0$700,000$0$22,753$0$19,433$0$5,223$0$1,485,205$0$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 4BDR. GROSSMAN, DEAN OF THE NYU SCHOOL OF MEDICINE AND CHIEF EXECUTIVE OFFICER OF NYU HOSPITALS CENTER, PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN ("SERP") DURING CALENDAR YEAR 2015. THE EMPLOYER CONTRIBUTION TO THIS PLAN WAS $1,871,305 FOR CALENDAR YEAR 2015. THIS AMOUNT IS REPORTED AS A SHARED COST BETWEEN NYU HOSPITALS CENTER AND THE NYU SCHOOL OF MEDICINE. THE SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN CONTRIBUTIONS WERE MADE PURSUANT TO A NEGOTIATED AGREEMENT WITH DR. GROSSMAN. JOHN SEXTON DID NOT RECEIVE A $11,003,952 PAYMENT FROM NEW YORK UNIVERSITY IN 2015. ACTUAL COMPENSATION DIRECTLY TO DR. SEXTON IN 2015 WAS $3,466,352, COMPRISED OF: 1) BASE COMPENSATION OF $605,663; 2) BENEFITS AND DEFERRED COMPENSATION TOTALING $313,089; AND 3) A PREVIOUSLY DISCLOSED "LENGTH OF SERVICE BONUS" OF $2,547,600 (EQUAL TO $77,200 FOR EACH OF THE 33 FULL ACADEMIC YEARS WORKED AT NYU). THE BALANCE OF THE AMOUNT SHOWN ON SCHEDULE J ($7,537,600) REPRESENTS THE PRESENT-DAY VALUATION OF FUTURE RETIREMENT BENEFITS OWED TO DR. SEXTON, WHICH VESTED ON JANUARY 15, 2015. BY LAW, THE PRESENT-DAY VALUATION OF THOSE BENEFITS IS REQUIRED TO BE REPORTED AS TAXABLE INCOME WHEN THE BENEFITS VEST, EVEN THOUGH THE ACTUAL RETIREMENT PAYMENTS TO DR. SEXTON WILL BE MADE ANNUALLY. $4,070,304 OF THIS PRESENT-DAY VALUATION WAS PAID TO THE IRS IN WITHHOLDING TAXES AND WILL BE DEDUCTED FROM FUTURE BENEFITS PAYMENTS DUE TO DR. SEXTON UNDER HIS CONTRACT. FUTURE BENEFITS PAYMENTS TO DR. SEXTON UNDER HIS CONTRACT WILL ALSO BE REDUCED BY RETIREMENT BENEFITS OTHERWISE PROVIDED BY THE UNIVERSITY (E.G., DISTRIBUTIONS FROM THE 403(B) PLAN AVAILABLE TO FACULTY).
FORM 990, SCHEDULE J, PART II, COL. (F)DR. GROSSMAN'S OTHER REPORTABLE COMPENSATION (COL. (B)(III)) INCLUDES A SERP DISTRIBUTION PAYMENT OF $585,147 DURING CALENDAR YEAR 2015. THIS AMOUNT INCLUDES THE SERP CONTRIBUTION OF $675,469 THAT WAS REPORTED ON A PRIOR FORM 990 AS DEFERRED COMPENSATION, AND THE EARNINGS THEREON. THESE AMOUNTS ARE REPORTED AS A SHARED COST BETWEEN NYU HOSPITALS CENTER AND NYU SCHOOL OF MEDICINE.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2LORI FINK, TRUSTEE & LAURENCE D. FINK, CO-CHAIR, HAVE A FAMILY RELATIONSHIP. THOMAS S. MURPHY & THOMAS S. MURPHY JR., TRUSTEES, HAVE A FAMILY RELATIONSHIP. RONALD O. PERELMAN & DEBRA PERELMAN, TRUSTEES, HAVE A FAMILY RELATIONSHIP. ISAAC PERLMUTTER & LAURA PERLMUTTER, TRUSTEES, HAVE A FAMILY RELATIONSHIP. ALICE M. TISCH & THOMAS J. TISCH, TRUSTEES, HAVE A FAMILY RELATIONSHIP. BARRY SCHWARTZ, RONALD O. PERELMAN, & DEBRA PERELMAN, TRUSTEES, HAVE A BUSINESS RELATIONSHIP.
FORM 990, PART VI, SECTION A, LINE 4ANALYSIS OF CHANGES TO NYU LANGONE HEALTH SYSTEM'S BYLAWS AS OF JANUARY 1, 2016: ARTICLE I SECTION 1.01 - THE NAME OF THE CORPORATION WAS CHANGED TO NYU LANGONE HEALTH SYSTEM FROM NYULMC SYSTEM, INC. SECTION 1.02 - ADDED THE FOLLOWING LANGUAGE TO THE CORPORATE PURPOSES: IN FURTHERANCE OF THESES PURPOSES, THE SYSTEM WILL OPERATE AN INTEGRATED HEALTH CARE DELIVERY SYSTEM AFFILIATED WITH NYU LANGONE MEDICAL CENTER AND ITS AFFILIATED ENTITIES THAT ARE EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (COLLECTIVELY, THE "SYSTEM AFFILIATES"). ARTICLE II SECTION 2.03(I) ADDED THE FOLLOWING LANGUAGE TO THE MEMBER'S POWER TO APPROVE TRANSACTIONS HAVING A VALUE OF $25,000,000 OR MORE: FINAL APPROVAL OF HOSPITAL DEBT NECESSARY TO FINANCE THE COST OF COMPLIANCE WITH OPERATIONAL OR PHYSICAL PLANT STANDARDS REQUIRED BY LAW, OR TO IMPLEMENT CERTIFICATE OF NEED APPLICATIONS, SHALL REMAIN WITH NYU HOSPITALS CENTER ("NYUHC") THE HOSPITAL OF WHICH THE SYSTEM IS THE MEMBER. ADDED SECTION 2.03(K) WHICH PROVIDES THE MEMBER WITH THE POWER TO APPROVE ANY MATTER RESERVED TO THE MEMBER OF A NOT-FOR-PROFIT CORPORATION UNDER THE NEW YORK NOT-FOR-PROFIT CORPORATION LAW ("NPCL"). SECTION 2.03 CLARIFIED THAT IF THE SYSTEM EXERCISES ANY RIGHTS OF THE SYSTEM AS SOLE MEMBER OF NYUHC, SUCH ACTION MUST BE APPROVED BY THE UNIVERSITY IN ORDER TO BE EFFECTIVE, EXCEPT TO THE EXTENT SUCH RIGHTS ARE PROHIBITED TO A SO-CALLED "PASSIVE" PARENT UNDER THE NEW YORK PUBLIC HEALTH LAW. ARTICLE III SECTION 3.02 ADDED THE POSITION OF EX-OFFICIO TRUSTEES, INCREASED THE MAXIMUM NUMBER OF TRUSTEES TO SIXTY AS OF JANUARY 1, 2015 AND REDUCED IT TO FIFTY-FIVE AS OF JANUARY 1, 2016. ADDITIONALLY, THREE CLASSES OF TRUSTEES WERE ESTABLISHED WITH THE NUMBER OF TRUSTEES IN EACH CLASS BEING AS NEARLY EQUAL IN NUMBER AS POSSIBLE. SECTION 3.03 ADDED A NEW SECTION FOR EX-OFFICIO TRUSTEES WHICH STATES: THE CHIEF EXECUTIVE OFFICER OF THE SYSTEM (THE "CEO") AND EACH OF THE PRESIDENT, THE EXECUTIVE VICE PRESIDENT FOR HEALTH AND THE CHIEF FINANCIAL OFFICER OF THE UNIVERSITY SHALL BE EX-OFFICIO TRUSTEES. EX-OFFICIO TRUSTEES SHALL BE ENTITLED TO VOTE AND SHALL BE COUNTED FOR PURPOSES OF DETERMINING WHETHER A QUORUM IS PRESENT. FORMER SECTIONS 3.03 - 3.06 BEEN RENUMBERED AS SECTIONS 3.04 - 3.07 ARTICLE VI SECTION 6.01 SPECIFIED THAT EACH COMMITTEE, AND SUBCOMMITTEE WHERE PERMITTED, WILL CONSIST OF THREE OR MORE TRUSTEES AND, EXCEPT FOR THE AUDIT AND COMPLIANCE COMMITTEE, MAY INCLUDE OTHER PERSONS. ADDED SECTION 6.02 ON CURRENT COMMITTEES WHICH STATES: THE COMMITTEES SHALL HAVE SUCH POWERS, DUTIES AND RESPONSIBILITIES AS MAY BE PRESCRIBED BY THE BY-LAWS AND BY CHARTERS APPROVED BY THE BOARD FROM TIME TO TIME. THE COMMITTEES OF THE BOARD OF TRUSTEES ARE AS FOLLOWS: (A) OPERATING COMMITTEE; (B) AUDIT AND COMPLIANCE COMMITTEE; (C) FINANCE COMMITTEE; AND (D) GOVERNANCE AND NOMINATIONS COMMITTEE. ADDED SECTION 6.03 ON ELECTION AND REMOVAL OF COMMITTEE MEMBERS, CHAIRS AND VICE CHAIRS WHICH STATES: EXCEPT AS PROVIDED IN THESE BY-LAWS OR AS OTHERWISE DIRECTED BY THE BOARD, THE CHAIR WILL DETERMINE THE SIZE OF EACH COMMITTEE AND, AFTER CONSULTING WITH THE COMMITTEE ON GOVERNANCE AND NOMINATIONS, RECOMMEND TO THE BOARD THE MEMBERSHIP AND THE CHAIR OR CO-CHAIRS AND VICE CHAIR(S) FOR EACH COMMITTEE, FOR ELECTION BY THE BOARD AT ITS ANNUAL MEETING OR THE MEETING IMMEDIATELY FOLLOWING THE ANNUAL MEETING. EACH COMMITTEE MEMBER WILL SERVE UNTIL NEW COMMITTEE MEMBERS ARE ELECTED AT THE BOARD'S NEXT ANNUAL MEETING OR THE MEETING FOLLOWING THE ANNUAL MEETING AND UNTIL HIS/HER SUCCESSOR IS ELECTED AND QUALIFIED OR UNTIL SUCH COMMITTEE MEMBER'S SOONER DEATH, INCAPACITY, DISQUALIFICATION, RESIGNATION OR REMOVAL. ANY COMMITTEE MEMBER, CHAIR OR VICE-CHAIR, OR SUBCOMMITTEE MEMBER, CHAIR OR VICE CHAIR WHERE PERMITTED, MAY BE REMOVED WITH OR WITHOUT CAUSE AT ANY TIME BY A MAJORITY OF THE TRUSTEES PRESENT AT ANY MEETING AT WHICH THERE IS A QUORUM. COMMITTEE MEMBERS, CHAIRS AND VICE CHAIRS MAY BE ADDED TO COMMITTEES AT ANY TIME BY THE BOARD ON THE RECOMMENDATION OF THE BOARD CHAIR, BUT THEIR TERMS WILL EXPIRE WHEN NEW COMMITTEE MEMBERS ARE ELECTED AT THE BOARD'S NEXT ANNUAL MEETING OR THE MEETING FOLLOWING THE ANNUAL MEETING AND UNTIL HIS/HER SUCCESSOR IS ELECTED AND QUALIFIED OR UNTIL SUCH COMMITTEE MEMBER'S SOONER DEATH, INCAPACITY, DISQUALIFICATION, RESIGNATION OR REMOVAL. COMMITTEE MEMBERS SHALL BE ELIGIBLE FOR RE-ELECTION AT THE EXPIRATION OF THEIR TERMS. ADDED SECTION 6.04 - OPERATING COMMITTEE - WHICH STATES: THE OPERATING COMMITTEE SHALL CONSIST OF NO MORE THAN THIRTY (30) TRUSTEES AND SHALL INCLUDE AS EX-OFFICIO MEMBERS, THE BOARD CHAIR, THE CO-CHAIR, THE CEO, THE UNIVERSITY'S PRESIDENT AND EXECUTIVE VICE PRESIDENT FOR HEALTH, THE CHAIRS OF THE FINANCE, AUDIT AND COMPLIANCE AND GOVERNANCE AND NOMINATIONS COMMITTEES AND SUCH OTHER TRUSTEES APPOINTED BY THE BOARD. THE CHAIR OF THE BOARD SHALL BE THE CHAIR OF THE OPERATING COMMITTEE. THE OPERATING COMMITTEE SHALL HAVE ALL THE POWERS AND AUTHORITY OF THE BOARD, INCLUDING ITS COMMITTEES, UNLESS PROHIBITED BY LAW OR THE BOARD AND SUBJECT TO THE POWERS OF THE UNIVERSITY PURSUANT TO SECTION 2.03. ADDED SECTION 6.05 - AUDIT AND COMPLIANCE COMMITTEE - WHICH STATES: THE AUDIT AND COMPLIANCE COMMITTEE, WHICH SHALL CONSIST OF INDEPENDENT TRUSTEES (AS DEFINED IN THE NPCL), SHALL OVERSEE THE ACCOUNTING AND FINANCIAL REPORTING PROCESSES AND AUDITS OF THE SYSTEM AND NYUHC, OVERSEE IMPLEMENTATION AND ADMINISTRATION OF THE SYSTEM'S POLICIES ON CONFLICTS OF INTEREST AND WHISTLEBLOWER PROTECTION; AND REVIEW AND MAKE DETERMINATION ON ALL TRUSTEE CONFLICTS OF INTEREST AND RELATED PARTY TRANSACTION (AS DEFINED IN THE NPCL). ADDED SECTION 6.05 - FINANCE COMMITTEE - WHICH STATES: THE FINANCE COMMITTEE SHALL OVERSEE ALL MATTERS RELATING TO THE SYSTEM'S FINANCES, ASSETS, ISSUANCE OF DEBT, INVESTMENTS AND INSURANCE, INCLUDING REVIEWING THE SYSTEM'S ANNUAL OPERATING AND CAPITAL BUDGETS AND SUBMITTING THEM WITH RECOMMENDATIONS TO THE BOARD OF TRUSTEES FOR CONSIDERATION AND ADOPTION. ADDED SECTION 6.06 - GOVERNANCE AND NOMINATIONS COMMITTEE - WHICH STATES: THE GOVERNANCE AND NOMINATIONS COMMITTEE SHALL RECOMMEND CANDIDATES FOR APPOINTMENTS TO THE BOARD, ADVISE ON APPOINTMENTS TO BOARD COMMITTEES AND OVERSEE A PROCESS FOR BOARD SELF-EVALUATION. FORMER SECTIONS 6.02 - 6.06 HAVE BEEN RENUMBERED AS SECTION 6.07 - 6.11.
FORM 990, PART VI, SECTION A, LINE 6DESCRIPTION OF CLASSES OF MEMBERS OR STOCKHOLDERS: THE SOLE MEMBER OF NYU LANGONE HEALTH SYSTEM IS NEW YORK UNIVERSITY.
FORM 990, PART VI, SECTION A, LINE 7ADESCRIPTION OF CLASSES OF PERSONS AND THE NATURE OF THEIR RIGHTS: WITH RESPECT TO THE ELECTION OF THE BOARD OF TRUSTEES OF NYU LANGONE HEALTH SYSTEM, NEW YORK UNIVERSITY (THE "MEMBER"), AS THE SOLE MEMBER HAS THE POWER AND AUTHORITY: 1. TO ELECT THE TRUSTEES; 2. REMOVE A TRUSTEE; AND 3. FILL ANY VACANCIES IN THE BOARD.
FORM 990, PART VI, SECTION A, LINE 7BDESCRIPTION OF CLASSES OF PERSONS, DECISIONS REQUIRING APPROVAL AND THE TYPE OF VOTING RIGHTS: WITH RESPECT TO THE DECISIONS OF THE BOARD OF TRUSTEES OF NYU LANGONE HEALTH SYSTEM, NEW YORK UNIVERSITY (THE "MEMBER") AS THE SOLE MEMBER, HAS THE POWER AND AUTHORITY TO: 1. AMEND OR REPEAL THE BY-LAWS OR ADOPT NEW BY-LAWS; 2. APPROVE THE SYSTEM'S MERGER OR CONSOLIDATION WITH ANOTHER ENTITY; 3. APPROVE THE SALE, LEASE, EXCHANGE, OR OTHER DISPOSITION OF ALL, OR SUBSTANTIALLY ALL, THE ASSETS OF THE SYSTEM; 4. REVIEW THE VISION, MISSION, AND STRATEGIC AND FINANCIAL PLANS OF THE SYSTEM; 5. REVIEW THE SYSTEM'S ANNUAL OPERATING AND CAPITAL BUDGETS; 6. APPROVING ANY TRANSACTION THAT DIRECTLY, OR ON A CONSOLIDATED BASIS, HAS A VALUE OF $25,000,000 OR MORE PROVIDED, THAT FINAL APPROVAL OF HOSPITAL DEBT NECESSARY TO FINANCE THE COST OF COMPLIANCE WITH OPERATIONAL OR PHYSICAL PLANT STANDARDS REQUIRED BY LAW, OR TO IMPLEMENT CERTIFICATE OF NEED APPLICATIONS, SHALL REMAIN WITH NYU HOSPITALS CENTER ("NYUHC"), THE HOSPITAL OF WHICH THE SYSTEM IS THE MEMBER; 7. APPROVING THE CREATION, ACQUISITION AND/OR DISSOLUTION OF AN ENTITY IN WHICH THE SYSTEM IS PROPOSED TO BE, OR IS, THE CONTROLLING MEMBER; AND 8. APPROVING ANY MATTER RESERVED TO THE MEMBER OF A NOT-FOR-PROFIR CORPORATION UNDER THE NEW YORK NOT-FOR-PROFIT CORPORATION LAW ("NPCL"), PROVIDED FURTHER, THAT IF THE SYSTEM EXERCISES ANY RIGHTS OF THE SYSTEM AS SOLE MEMBER OF NYUHC, SUCH ACTION MUST BE APPROVED BY THE UNIVERSITY IN ORDER TO BE EFFECTIVE, EXCEPT TO THE EXTENT SUCH RIGHTS ARE PROHIBITED TO A SO-CALLED "PASSIVE" PARENT UNDER THE NEW YORK PUBLIC HEALTH LAW.
FORM 990, PART VI, SECTION B, LINE 11DESCRIPTION OF THE PROCESS USED BY MANAGEMENT AND/OR GOVERNING BODY TO REVIEW THE FORM 990: 1. THE FINANCE DEPARTMENT DRAFTS THE FORM 990 AND THE ACCOMPANYING SCHEDULES BASED ON THE FISCAL YEAR'S FINANCIAL ACTIVITY. 2. THE DRAFT IS REVIEWED BY THE VICE PRESIDENT OF FINANCE AND CHIEF FINANCIAL OFFICER FOR COMPLETENESS AND ACCURACY. THIS IS AN ITERATIVE PROCESS WHICH MAY INVOLVE MORE THAN ONE REVIEW. 3. THE REVIEWED DRAFT IS PRESENTED TO THE BOARD OF TRUSTEES' AUDIT COMMITTEE, AS WELL AS CERTAIN OTHER OFFICERS FOR REVIEW. 4. ONCE APPROVED BY THE AUDIT COMMITTEE, THE FORM 990 IS MADE AVAILABLE TO THE FULL BOARD AND THEN IT IS FORWARDED TO THE IRS.
FORM 990, PART VI, SECTION B, LINE 12CNYU LANGONE HEALTH SYSTEM HAS ADOPTED A CONFLICTS OF INTEREST POLICY THAT IS APPLICABLE TO ALL TRUSTEES, OFFICERS, AND EMPLOYEES OF THE ORGANIZATION. FURTHERMORE, ALL TRUSTEES, OFFICERS, AND EMPLOYEES OF THE CORPORATION ARE SUBJECT TO THE CONFLICT OF INTEREST POLICY OF NYU LANGONE MEDICAL CENTER.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE NYU LANGONE HEALTH SYSTEM OFFICE OF GENERAL COUNSEL MAINTAINS COPIES OF THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES. WHILE THE CONSOLIDATED FINANCIAL STATEMENTS OF NEW YORK UNIVERSITY ARE AVAILABLE AT WWW.NYU.EDU, THERE ARE NO SEPARATE AUDITED FINANCIAL STATEMENTS FOR THIS ENTITY. A COPY OF THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES MAY BE OBTAINED BY CONTACTING: NYU LANGONE HEALTH SYSTEM OFFICE OF THE GENERAL COUNSEL 550 FIRST AVENUE NEW YORK, NEW YORK 10016 TELEPHONE NUMBER: (212) 263-7300

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (35 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtDirect Controlling NADirectControllingNACdControlled OrganizationControlledOrganizationIndBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtAddress Line1ForeignAddress/AddressLine1TxtCityForeignAddress/CityNmCountryForeignAddress/CountryCdForeign PostalForeignAddress/ForeignPostalCdLegal Domicile Foreign CountryLegalDomicileForeignCountryCd
NEW YORK UNIVERSITY
726 BROADWAYNEW YORKNY10003135562308UNIVERSITYNY501(C)(3)LINE 2N/A0
NYU HOSPITALS CENTER
550 FIRST AVENUENEW YORKNY10016133971298HOSPITALNY501(C)(3)LINE 3Yes (1)NYU LANGONE HEALTH SYSTEM
34TH STREET CANCER CENTER INC
C/O NYUHC 550 FIRST AVENUENEW YORKNY10016300262470CANCER CARENY501(C)(3)LINE 11C, III-FIYes (1)NYU HOSPITALS CENTER
HAROLD ACTON TRUST
726 BROADWAY 9TH FLOORNEW YORKNY10003137050560SUPPORT OF NYU'S CAMPUS IN FLORENCE, ITALYNY501(C)(3)LINE 11A, IYes (1)NEW YORK UNIVERSITY
HORTENSE ACTON TRUST
70 WASHINGTON SQ SNEW YORKNY10013367110976SUPPORT OF NYU'S CAMPUS IN FLORENCE, ITALYNY501(C)(3)PFYes (1)NEW YORK UNIVERSITY
INSTITUTE OF FINE ARTS FOUNDATION
1 EAST 78TH STREETNEW YORKNY10021237184242SUPP NYU'S INSTITUTE OF FINE ARTSNY501(C)(3)LINE 11A, IYes (1)NEW YORK UNIVERSITY
NATIONAL CENTER ON PHILANTHROPY AND THE LAW
110 WEST 3RD ST 2ND FLNEW YORKNY10012133954405STUDY,RESEARCH, EDUCATION ON PHILANTHROPY & THE LAWNY501(C)(3)LINE 11A, IYes (1)NEW YORK UNIVERSITY
NEW YORK UNIVERSITY IN ABU DHABI CORP
70 WASHINGTON SQ SNEW YORKNY10013262652713SUPPORT NYU COLLEGE IN ABU DHABINY501(C)(3)LINE 2Yes (1)NEW YORK UNIVERSITY
NEW YORK UNIV SCHOOL OF BUSINESS FDN
44 WEST 4TH ST STE 11-160NEW YORKNY10012134168015SUPPORTS NYU'S L.N. STERN SCHOOL OF BUSINESSNY501(C)(3)LINE 11A, IYes (1)NEW YORK UNIVERSITY
NYU IMAGING INC
545 FIRST AVENUENEW YORKNY10016134000622SUPPORT NYU SCHOOL OF MEDICINENY501(C)(3)LINE 11A, IYes (1)NEW YORK UNIVERSITY
NYU REAL ESTATE CORPORATION
70 WASHINGTON SQ S 11THNEW YORKNY10013134141728OWNS REAL PROPERTYNY501(C)(25)Yes (1)NEW YORK UNIVERSITY
NYU SCHOOL OF LAW FOUNDATION
161 AVE OF THE AMERICAS 504NEW YORKNY10013136161036SUPPORT NYU'S SCHOOL OF LAWNY501(C)(3)LINE 11A, IYes (1)NEW YORK UNIVERSITY
NYU SCHOOL OF LAW HOUSING ASSISTANCE CO
161 AVE OF THE AMERICAS 504NEW YORKNY10013134043221SUPPORT NYU'S SCHOOL OF LAWNY501(C)(3)LINE 11A, IYes (1)NYU'S SCHOOL OF LAW FOUNDATION
NYU SCHOOL OF LAW RECRUITMENT ASSIST CO
161 AVE OF THE AMERICAS 504NEW YORKNY10013134043182SUPPORT NYU'S SCHOOL OF LAWNY501(C)(3)LINE 11A, IYes (1)NYU'S SCHOOL OF LAW FOUNDATION
NYU SCHOOL OF LAW RETENTION ASSIST CORP
161 AVE OF THE AMERICAS 504NEW YORKNY10013134047911SUPPORT NYU'S SCHOOL OF LAWNY501(C)(3)LINE 11A, IYes (1)NYU'S SCHOOL OF LAW FOUNDATION
WASHINGTON SQUARE LEGAL SERVICES INC
161 AVE OF THE AMERICAS 504NEW YORKNY10013237392120CERTAIN PUBLIC INTEREST ACTIVITIES OF NYU'S SCHOOL OF LAWNY501(C)(3)LINE 11A, IYes (1)NEW YORK UNIVERSITY
JURODIN FUND
PO BOX 6089NEWARKDE197146089136169166SILVER FUNDSDE501(C)(3)PFYes (1)NEW YORK UNIVERSITY
NYU LUTHERAN MEDICAL CENTER (MERGED WITH NYUHC 1116)
150 55TH STREETBROOKLYNNY11220111839567HOSPITALNY501(C)(3)LINE 3Yes (1)NYU LANGONE HEALTH SYSTEM
LUTHERAN AUGUSTANA CECR INC
5434 2ND AVENUEBROOKLYNNY11220112150953EXTENDED CARENY501(C)(3)LINE 9Yes (1)NYU LANGONE HEALTH SYSTEM
OHP PHSP INC
5800 3RD AVENUEBROOKLYNNY11220113245559INSURANCENY501(C)(4)Yes (1)NYU HOSPITALS CENTER
SHORE HILL HOUSING COMPANY INC
9000 SHORE ROADBROOKLYNNY11209237405105HOUSINGNY501(C)(3)LINE 9Yes (1)NYU LANGONE HEALTH SYSTEM
HARBOR HILL HOUSING
150 55TH STREETBROOKLYNNY11220113152691HOUSINGNY501(C)(3)LINE 9Yes (1)NYU LANGONE HEALTH SYSTEM
SUNSET BAY COMMUNITY SERVICES
150 55TH STREETBROOKLYNNY11220112439925DAY CARE & SENIOR SERVICESNY501(C)(3)LINE 7Yes (1)NYU LANGONE HEALTH SYSTEM
COMMUNITY CARE ORGANIZATION
246 55TH STREET ROOM AA4BROOKLYNNY11220113001682HOME HEALTHNY501(C)(3)LINE 9Yes (1)NYU LANGONE HEALTH SYSTEM
SUNSET GARDENS HOUSING CORP
150 55TH STREETBROOKLYNNY11220203461755HOUSINGNY501(C)(3)LINE 9Yes (1)NYU LANGONE HEALTH SYSTEM
LMC HEALTH SYSTEM INC (DISSOLVED 83116)
150 55TH STREETBROOKLYNNY11220113589771SUPPORTING ORG.NY501(C)(3)LINE 11A, IYes (1)NYU HOSPITALS CENTER
LMC PHYSICIAN SERVICES PC
150 55TH STREETBROOKLYNNY11220113192423PHYSICIANS SERVICESNY501(C)(3)LINE 11C, III-FIYes (1)NYU HOSPITALS CENTER
SHORE ROAD RADIOLOGY ASSOCIATES PC
150 55TH STREETBROOKLYNNY11220112665457HEALTHCARENY501(C)(3)LINE 11C, III-FIYes (1)NYU HOSPITALS CENTER
LUTHERAN CHHA INC DBA LUTHERAN CARE AT HOME
5407 2ND AVENUEBROOKLYNNY11220462559181HOME HEALTH AIDE AGENCYNY501(C)(3)LINE 9Yes (1)NYU LANGONE HEALTH SYSTEM
NYU IN LONDON
981074101SUPPORT NYU'S PROGRAM IN LONDONYes (1)NEW YORK UNIVERSITY6 BEDFORD SQUARELONDONUKWC1B 3RAUK
NYU TISCH SCH OF ARTS ASIA LTD
SUPPORT NYU'S TSOA'S PROGRAM IN SINGAPOREYes (1)NEW YORK UNIVERSITY3 KAY SIANG ROADSN2489323SN
NYU IN TEL-AVIV LTD
981058326SUPPORT NYU'S PROGRAM IN TEL-AVIVYes (1)NEW YORK UNIVERSITYTUVAL 13TEL AVIVIS52522IS
NEW YORK UNIVERSITY IN FRANCE
981058568SUPPORT NYU'S PROGRAM IN FRANCEYes (1)NEW YORK UNIVERSITY56 RUE DE PASSYPARISFR75016FR
NEW YORK UNIVERSITY IN AFGHANISTAN
SUPPORT NYU'S ACTIVITIES IN AFGHANISTANYes (1)NEW YORK UNIVERSITY150 MASJID E HAJI ABDURRAHIM ST CHKABULAFAF
NYU LANGONE IPA INC
550 FIRST AVENUENEW YORKNY10016364841069IPA OPERATING A MEDICAID SHARED SAVINGS PROGRAMNY501(C)(3)LINE 9Yes (1)NYU LANGONE HEALTH SYSTEM

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile Foreign CountryLegalDomicileForeignCountryCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtEntity TypeEntityTypeTxtOwnershipOwnershipPctControlled OrganizationControlledOrganizationIndDirect Controlling NADirectControllingNACdAddress Line1ForeignAddress/AddressLine1TxtProvince Or StateForeignAddress/ProvinceOrStateNmCountryForeignAddress/CountryCdForeign PostalForeignAddress/ForeignPostalCdEINEINLegal Domicile StateLegalDomicileStateCd
CCC 550 INSURANCE SCC
550 FIRST AVENUENEW YORKNY10016PROF LIAB COVERAGEBBNYU HOSPITALS CENTERC1.00000Yes (1)
INTERNATIONAL ART FUND
C/O NYU 726 BROADWAYNEW YORKNY10003HOLDS STOCK IN LA PIETRA CORP.PMCYes (1)N/A
LA PIETRA CORPORATION
HOLDS PROPERTY COMPRISING NYU'S FLORENCE CAMPUSITCYes (1)N/AVIA BOLOGNESE 120FLORENCEIT50139
NIU DA ED INFOR CONSULTING CO LTD
SUPPORT NYU'S PROGRAM IN CHINACHCYes (1)N/A3663 ZHONGSHAN RD NSHANGHAICH200062
SHORE HILL HOUSING ASSOCIATES GP INC
150 55TH STREETBROOKLYNNY11220HOUSINGCYes (1)N/A262243695NY
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgYes (1)LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgYes (1)LoansOrGuaranteesFromOthOrgInd
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 Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (1)ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (4 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
NYU HOSPITALS CENTER
E$54,348,616COST
NYU HOSPITALS CENTER
D$71,054,690COST
NYU HOSPITALS CENTER
O$102,750,913COST
NYU HOSPITALS CENTER
Q$8,640,662COST