2016-04-25T15:24:58-05:00 2015-06-30 271728945 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2014-07-01 133297197 THE NEW SCHOOL NEWS 2122295600 66 WEST 12TH STREET NEW YORK NY 10011 STEPHEN STABILE VP & TREASURER 2122295600 2016-04-25 1 GARRETT M HIGGINS P00543209 2122862600 2014 2016-08-17 19:52:53Z DAVID VAN ZANDT 66 WEST 12TH STREET NEW YORK NY 10011 1010534397 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. 48 45 7255 243 -15907 -19157 19660518 26481479 389210149 409573357 94388136 52212153 4557757 7666782 507816560 495933771 94353420 100779431 0 0 211615076 218395471 0 0 3424362 120673919 140761864 426642415 459936766 81174145 35997005 1021664325 1042386676 501567242 501631072 520097083 540755604 X SEE SCHEDULE O 0 0 146858326 367771958 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 2014-15 IT ENROLLED 10,188 DEGREE STUDENTS AND 3,046 CONTINUING EDUCATION STUDENTS. THE UNIVERSITY 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. 100779431 100779431 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 ANDFEDERAL, STATE AND PRIVATE GRANTS. IN ACADEMIC YEAR 2014-15, 8,735 STUDENTS RECEIVED INSTITUTIONAL SCHOLARSHIPS AND 9,259 STUDENTS RECEIVED AT LEAST ONE FORM OF INSTITUTIONAL OR PUBLIC SCHOLARSHIPS,GRANTS, LOANS, OR WORK STUDY AWARDS. 93790495 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, 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. 43390795 41801399 AUXILIARY REVENUE FOR DORMS AND HEALTH SERVICES. 43390795 41801399 384819047 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 1 1 0 0 0 0 1 1 0 0 0 1 10360 0 1 7255 1 1 1 1 GM FR 0 0 0 1 1 0 0 0 0 X 48 45 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 673376 0 612894 JOSEPH R GROMEK CHAIR 1.00 X X 0 0 0 FRANCI J BLASSBERG VICE CHAIR 1.00 X X 0 0 0 GARRY CROWDER 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 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 JANE DE FLORIO 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 DUST TRUSTEE 1.00 X 0 0 0 RENAUD DUTREIL TRUSTEE 1.00 1.00 X 0 0 0 DAVID B FORD TRUSTEE 1.00 X 0 0 0 MICHAEL E GELLERT TRUSTEE 1.00 X 0 0 0 PAUL A GOULD 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 MICHAEL J JOHNSTON TRUSTEE 1.00 X 0 0 0 SHEILA C JOHNSON TRUSTEE 1.00 X 0 0 0 CHRISTOPHER B KUENNE TRUSTEE 1.00 X 0 0 0 BEVIS LONGSTRETH TRUSTEE 1.00 X 0 0 0 NANCY LUBLIN TRUSTEE 1.00 X 0 0 0 SUSAN M LYNE TRUSTEE 1.00 X 0 0 0 ANTHONY MANNARINO TRUSTEE 1.00 X 0 0 0 SAVANNAH MAZIYA TRUSTEE 1.00 X 0 0 0 DANIEL MOTULSKY TRUSTEE 1.00 X 0 0 0 ROBERT H MUNDHEIM TRUSTEE 1.00 X 0 0 0 JONATHAN NEWCOMB TRUSTEE 1.00 X 0 0 0 CHARLES 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 JOSHUA SAPAN TRUSTEE 1.00 X 0 0 0 BERNARD L SCHWARTZ TRUSTEE 1.00 X 0 0 0 LILIAN SHIAO-YEN WU TRUSTEE 1.00 X 0 0 0 STANLEY P SILVERSTEIN TRUSTEE 1.00 X 0 0 0 LEE SLAUGHTER TRUSTEE 1.00 X 0 0 0 MALCOLM B SMITH TRUSTEE 1.00 X 0 0 0 JULIEN J STUDLEY TRUSTEE 1.00 X 0 0 0 JOHN L TISHMAN TRUSTEE 1.00 X 0 0 0 KAY UNGER TRUSTEE 1.00 X 0 0 0 RANDALL S YANKER 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 TIM MARSHALL PROVOST 39.00 1.00 X 501296 0 48241 ANNE ADRIANCE CHIEF MARKETING OFFICER 40.00 X 339977 0 58786 ANDREW ATZERT VP DISTRIBUTED & GLOBAL EDUCATION 36.00 4.00 X 217545 0 48336 MARK GIBBEL CHIEF DEVELOPMENT OFFICER AS OF 8/11/14 40.00 X 123463 0 15490 CAROL CANTRELL SVP HR & LABOR RELATIONS 40.00 X 271821 0 54886 LIA GARTNER VP DESIGN, CONST & FACILITIES MGMT 40.00 X 250328 0 51121 KERRY KRUNKEL SVP DEVELOPMENT UNTIL 6/20/14 40.00 X 162516 0 11775 ROY MOSKOWITZ CHIEF LEGAL OFFICER 40.00 X 400469 0 59468 ANAND PADMANABHAD SVP AND CIO 40.00 X 296564 0 44997 LINDA REIMER SVP STUDENT SERVICES 40.00 X 280505 0 54238 DONALD RESNICK CHIEF ENROLLMENT & SUCCESS OFFICER 40.00 X 441660 0 39718 MARY SANGER SVP ACADEMIC AFFAIRS 40.00 X 316922 0 55292 OLATOKUMBO SHOBOWALE COO 40.00 X 319396 0 25735 STEVE STABILE VP & TREASURER 40.00 X 254805 0 29670 STEPHANIE BROWNER DEAN 40.00 X 365979 0 44945 RICHARD KESSLER DEAN 40.00 X 264038 0 56786 WILLIAM MILBERG DEAN 40.00 X 318266 0 50108 PIPPIN PARKER DEAN 40.00 X 176283 0 43960 DAVID SCOBEY DEAN 40.00 X 261997 0 24471 JOEL TOWERS DEAN 40.00 X 332267 0 57606 MARY WATSON DEAN AS OF 7/1/14 40.00 X 212781 0 29429 SHELLY FOX PROFESSOR 40.00 X 233503 0 45593 PAUL GOLDBERGER JOSEPH URBAN PROFESSOR 40.00 X 402390 0 34974 ANN STOLER PROFESSOR 40.00 X 272648 0 48177 BENJAMIN LEE FORMER VP, CURRENT PROFESS 40.00 X 334431 0 52173 LISA SERVON FORMER DEAN, CURRENT PROFE 40.00 X 296101 0 25532 STEFANIA DE KENESSEY FORMER DEAN, CURRENT PROFE 40.00 X 146093 0 39924 J ROBERT KERREY PRESIDENT EMERITUS 0.00 X 175000 0 0 MICHAEL SCHOBER FORMER DEAN, CURRENT PROFE 40.00 X 173607 0 44777 8816027 0 1809102 208 1 1 0 PETRETTI & ASSOCIATES 149 MADISON AVENUE NEW YORK NY 10016 ARCHITECTURAL SERVICE 1273039 DEBORAH BERKE & PARTNERS ARCHITECTS LLP 220 FIFTH AVENUE 7TH FLOOR NEW YORK NY 10001 ARCHITECTURAL SERVICE 1005694 TNS DEVELOPER LLC 1 BRYANT PARK NEW YORK NY 10036 ARCHITECTURAL SERVICE 751880 HOGAN LOVELLS US LLP 555 13TH STREET NW WASHINGTON DC 20005 LEGAL SERVICES 609707 SKIDMOREOWINGS & MERRILL LLP 14 WALL STREET NEW YORK NY 10005 ARCHITECTURAL SERVICE 547198 20 10000 1450794 5411989 19608696 303834 26481479 TUITION & FEES 611310 365827476 365827476 AUX ENTERPRISE REV 611310 41801399 41801399 COMMERCIAL CONTRACTS 611310 1456839 1456839 SVC OF EDUCATION DEPT 611310 487643 487643 409573357 7410943 -15907 7426850 7410921 0 7410921 7410921 7410921 530961000 27697000 511615982 2240808 19345018 25456192 44801210 44801210 140000 1450794 743836 -603836 -603836 INDIRECT COST RECOVERY 611310 688778 688778 JOURNAL/CONFERENCE FEES 611310 110690 110690 COMMISSIONS 611310 60229 60229 859697 495933771 409573357 -15907 59894842 100779431 100779431 7584214 1392779 5571203 620232 5063144 1290538 3772606 153089121 134942882 16656038 1490201 14657621 12461827 2006746 189048 26676663 18799492 7487846 389325 11324708 9630002 1548799 145907 366950 25533 341417 98222 98222 442689 442689 2282085 2282085 7883617 7666186 179135 38296 2548756 2189542 353968 5246 8935243 6247445 2543091 144707 4663945 2212680 2439943 11322 184674 158895 25779 34650102 29693992 4951550 4560 4198179 3932069 172672 93438 500815 456681 35785 8349 22075363 19116196 2910232 48935 21518874 17651113 3783981 83780 1508758 83770 1424988 DEBT REFINANCING CHARGE 12490784 12490784 DINING AND CATERING 6886517 6634228 173473 78816 CONTRACT: PARSONS PARIS 4615288 4615288 LIBRARY 2316066 2315741 325 2594937 2522737 72200 459936766 384819047 71693357 3424362 3196110 5219339 1543847 1934378 17432290 18656195 24879248 14776022 3501557 3102451 18571045 8025718 737027174 145673781 552343974 591353393 322902742 253919024 61047699 133792252 16245813 11607904 1021664325 1042386676 56154127 62636287 11169829 10561282 430478148 424670428 3765138 3763075 501567242 501631072 X 353158508 373525604 85679895 85388207 81258680 81841793 520097083 540755604 1021664325 1042386676 X 35997005 -15469886 131402 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 442689 442689 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 IN SUPPORT OF HIGHER EDUCATION ISSUES AND LEGISLATION; AND TO ASSIST IN PROCURING APPROPRIATIONS AND GRANTS. X X X EDUCATION 0 303463355 47766078 8681438 7825048 5234322 346851500 217435334 64015821 32426028 2081215 8332614 303463355 204782000 6546142 12236744 3279677 10000763 217435334 216984122 2275660 -4553073 3392370 6532339 204782000 188168547 4087531 34861283 3605236 6528003 216984122 0.47000 0.53000 0 0 50413088 50413088 561245238 105079276 456165962 74257208 26533750 47723458 35275820 14060755 21215065 15835820 15835820 591353393 INVESTMENTS- HEDGE FUNDS 94648088 F INVESTMENTS- PRIVATE EQUITY 14137439 F INVESTMENTS- COMMODITIES 25006725 F 133792252 FEDERAL STUDENT LOAN ADVANCES 3763075 3763075 X 371386898 -15469886 131402 -15338484 386725382 2282085 106926304 109208389 495933771 351083670 1099758 1099758 349983912 2282085 107670769 109952854 459936766 PART III, LINE 1A: 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 OMPOSER/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 1,800 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 ADAILY 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 295 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. EXPLANATION FOR VARIANCE IN CURRENT BEGINNING BALANCE OF ENDOWMENT FUNDS: THE ORGANIZATION WAS REQUIRED TO ENTER A PRIOR YEAR ADJUSTMENT FOR PERMANENTLY RESTRICTED NET ASSETS TO REMOVE NET PLEDGES FOR ENDOWMENTS, AND ONLY REFLECT CONTRIBUTIONS. THIS PRODUCED A CHANGE IN THE OPENING BALANCE OF THE ENDOWMENTS FOR THE CURRENT YEAR AS COMPARED TO THE CLOSING BALANCE FROM THE PRIOR YEAR. PART X, LINE 2: 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, 2015 AND 2014, THE UNIVERSITY HAS NOT IDENTIFIED OR PROVIDED FOR ANY SUCH POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST 2,340. CHANGE IN POSTRETIREMENT BENEFITS 129,062. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSES 100,779,431. SPECIAL EVENT EXPENSES -743,836. WATER MAIN CLAIM DEBT REFINANCING 6,890,709. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 743,836. ADJUSTMENT RELATED TO PARSONS PARIS 355,922. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSES 100,779,431. DEBT REFINANCING CHARGE 12,490,784. NON OPERATING PLEDGE ALLOWANCE 30,947. WATER MAIN INSURANCE CLAIM -5,630,393. 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 ADVERTISEMENTS, IN NEWSPAPERS OF GENERAL CIRCULATION, AND OTHER PRINTED MEDIA RELATING TO THE RECRUITMENT OF STUDENTS AND EMPLOYEES. PART I, LINE 6: EXPLANATION OF GOVENMENT 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 ACADEMIC COMPETITIVENESS GRANT (ACG) FEDERAL NATIONAL SMART GRANT (NSMART) 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 ENERGY UNITED STATES DEPARTMENT OF EDUCATION UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT UNITED STATES DEPARTMENT OF ENVIRONMENTAL PROTECTION UNITED STATES DEPARTMENT OF DEFENSE THE NATIONAL ENDOWMENT FOR THE ARTS THE NATIONAL ENDOWMENT FOR THE HUMANITIES EUROPE 0 0 INVESTMENTS 19419236 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 83018371 SOUTH AMERICA 0 4 PROGRAM SERVICES RECRUITING, RESEARCH 27379 EAST ASIA AND THE PACIFIC 0 15 PROGRAM SERVICES RECRUITING, RESEARCH 65319 NORTH AMERICA 0 21 PROGRAM SERVICES RECRUITING, RESEARCH 64436 SUB-SAHARAN AFRICA 0 7 PROGRAM SERVICES RECRUITING, RESEARCH 40978 SOUTH ASIA 0 4 PROGRAM SERVICES RECRUITING, RESEARCH 1529 MIDDLE EAST 0 4 PROGRAM SERVICESPROGRAM SERVICES RECRUITING, RESEARCH 3660 0 55 0 0 0 55 102640908 0 102640908 1 0 1 1 1 0 SCHEDULE F, LINE 3, COLUMN (F): ACCOUNTING METHOD THE ORGANIZATION USES THE ACCRUAL METHOD OF ACCOUNTING. FORM 990, SCHEDULE F, PART IV, LINE 4 AND 5: FOREIGN PARTNERSHIP FILINGS THE SCHOOL IS NOT REQUIRED TO FILE FORM 8621, OR FORM 8865 BECAUSE IT DID NOT MEET THE APPLICABLE FILING REQUIREMENTS. PARSON'S FASHION SHOW 1573294 1434894 138400 20362 702104 10498 PARIS FASHION 30 17500 15900 1600 10872 1590794 1450794 140000 20362 702104 21370 743836 -603836 1 THE NEW SCHOOL INSTITUTIONAL SCHOLARSHIP PROGRAM 8735 99151000 FEDERAL STUDENT AID GRANTS 1639 1628431 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 ACADEMIC COMPETITIVENESS GRANT (ACG) FEDERAL NATIONAL SMART GRANTS (NSMART) FEDERAL DIRECT LOAN PROGRAM FEDERAL WORK STUDY PROGRAM NYS DEPARTMENT OF EDUCATION 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 ENERGY UNITED STATES DEPARTMENT OF EDUCATION UNITED STATES DEPARTMENT OF HOUSING & URBAN PROTECTION UNITED STATES DEPARTMENT OF ENVIRONMENTAL PROTECTION UNITED STATES DEPARTMENT OF DEFENSE THE NATIONAL ENDOWMENT FOR THE ARTS THE NATIONAL ENDOWMENT FOR THE HUMANITIES X X X 1 1 X X X X X 1 1 0 0 0 0 0 1 0 DAVID VAN ZANDT PRESIDENT 631125 0 0 0 42251 0 163394 0 449500 0 1286270 0 0 0 TIM MARSHALL PROVOST 385296 0 0 0 116000 0 38778 0 9463 0 549537 0 0 0 ANNE ADRIANCE CHIEF MARKETING OFFICER 300286 0 37500 0 2191 0 31000 0 27786 0 398763 0 0 0 ANDREW ATZERT VP DISTRIBUTED & GLOBAL EDUCATION 215754 0 0 0 1791 0 22546 0 25790 0 265881 0 0 0 CAROL CANTRELL SVP HR & LABOR RELATIONS 267003 0 0 0 4818 0 27468 0 27418 0 326707 0 0 0 LIA GARTNER VP DESIGN, CONST & FACILITIES MGMT 247265 0 0 0 3063 0 25608 0 25513 0 301449 0 0 0 KERRY KRUNKEL SVP DEVELOPMENT UNTIL 6/20/14 144973 0 0 0 17543 0 0 0 11775 0 174291 0 0 0 ROY MOSKOWITZ CHIEF LEGAL OFFICER 287236 0 45000 0 68233 0 30000 0 29468 0 459937 0 0 0 ANAND PADMANABHAD SVP AND CIO 273399 0 20000 0 3165 0 23692 0 21305 0 341561 0 0 0 LINDA REIMER SVP STUDENT SERVICES 276383 0 0 0 4122 0 26452 0 27786 0 334743 0 0 0 DONALD RESNICK CHIEF ENROLLMENT & SUCCESS OFFICER 282904 0 0 0 158756 0 28695 0 11023 0 481378 0 0 0 MARY SANGER SVP ACADEMIC AFFAIRS 307160 0 0 0 9762 0 26922 0 28370 0 372214 0 0 0 OLATOKUMBO SHOBOWALE COO 318880 0 0 0 516 0 24615 0 1120 0 345131 0 0 0 STEVE STABILE VP & TREASURER 252152 0 0 0 2653 0 25620 0 4050 0 284475 0 0 0 STEPHANIE BROWNER DEAN 294171 0 0 0 71808 0 29725 0 15220 0 410924 0 0 0 RICHARD KESSLER DEAN 252840 0 0 0 11198 0 26000 0 30786 0 320824 0 0 0 WILLIAM MILBERG DEAN 237145 0 0 0 81121 0 24595 0 25513 0 368374 0 0 0 PIPPIN PARKER DEAN 175656 0 0 0 627 0 18447 0 25513 0 220243 0 0 0 DAVID SCOBEY DEAN 220406 0 0 0 41591 0 23931 0 540 0 286468 0 0 0 JOEL TOWERS DEAN 301516 0 0 0 30751 0 31000 0 26606 0 389873 0 0 0 MARY WATSON DEAN AS OF 7/1/14 193108 0 0 0 19673 0 20187 0 9242 0 242210 0 0 0 SHELLY FOX PROFESSOR 195910 0 0 0 37593 0 20307 0 25286 0 279096 0 0 0 PAUL GOLDBERGER JOSEPH URBAN PROFESSOR 214424 0 0 0 187966 0 22086 0 12888 0 437364 0 0 0 ANN STOLER PROFESSOR 206831 0 0 0 65817 0 21664 0 26513 0 320825 0 0 0 BENJAMIN LEE FORMER VP, CURRENT PROFESS 246353 0 0 0 88078 0 25620 0 26553 0 386604 0 0 0 LISA SERVON FORMER DEAN, CURRENT PROFE 191956 0 0 0 104145 0 19772 0 5760 0 321633 0 0 0 STEFANIA DE KENESSEY FORMER DEAN, CURRENT PROFE 128435 0 0 0 17658 0 13715 0 26209 0 186017 0 0 0 J ROBERT KERREY PRESIDENT EMERITUS 0 0 0 0 175000 0 0 0 0 0 175000 0 0 0 MICHAEL SCHOBER FORMER DEAN, CURRENT PROFE 160513 0 0 0 13094 0 17144 0 27633 0 218384 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 FUND RAISING EVENTS. MR. VAN ZANDT'S COMPENSATION INCLUDES $447,000 FOR HOUSING AND PERSONAL SERVICES (SUCH AS UTILITIES AND PROPERTY UPKEEP). THIS AMOUNT WAS NON-TAXABLE AND WAS INCLUDED IN SCHEDULE J, PART II COLUMN D. PER CONTRACTUAL AGREEMENT, THE FOLLOWING INDIVIDUALS RECEIVED A TAXABLE HOUSING ALLOWANCE AS REPORTED ON PART II, COLUMN (B)(III): BEN LEE $ 85,000 TIMOTHY MARSHALL $ 116,000 DAVID SCOBEY $ 35,000 J. ROBERT KERREY $ 9,231 JOEL TOWERS $ 27,500 STEPHANIE BROWNER $ 50,000 DONALD RESNICK $ 34,911 SHELLEY FOX $ 36,000 ANN STOLER $ 60,000 FIRST CLASS TRAVEL IS SOMETIMES AUTHORIZED BY THE PRESIDENT WHERE CIRCUMSTANCES (I.E. DESTINATION) MAKE THIS ACCOMMODATION APPROPRIATE FOR ONLY THE 15 SENIOR ADMINISTRATIVE OFFICERS OF THE SCHOOL IN SPECIFIC PRE-APPROVED CIRCUMSTANCES. TRAVEL EXPENSES FOR THE PRESIDENT ARE REVIEWED BY THE CHAIR OF THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES. THE PRESIDENT REVIEWS DEANS AND OFFICERS TRAVEL EXPENSES. PART I, LINES 4A-B LINE 4A: THE FOLLOWING EMPLOYEE LISTED ON THE FORM 990, PART VII-A AND SCH J, PART II RECEIVED SEVERANCE PAYMENTS: J. ROBERT KERRY - $175,000 THESE AMOUNTS ARE TAXABLE AND ARE INCLUDED IN 2014 FORM W-2, BOX 5. THE FOLLOWING EMPLOYEES LISTED ON THE FORM 990, PART VII-A AND SCH J, PART II PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN 457 (F) AND RECEIVED DEFERRED COMPENSATIONS/CONTRIBUTIONS TO THE SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: ANNE ADRIANCE $5,000 CAROL CANTRELL $1,468 DAVID VAN ZANDT $137,394 DONALD RESNICK $2,695 JOEL TOWERS $5,000 LINDA REIMER $ 452 MARY SANGER $ 922 ROY MOSKOWITZ $4,000 STEPHANIE BROWNER $3,725 TIMOTHY MARSHALL $12,778 PART I, LINE 7 NON-FIXED BONUS PAYMENTS WERE PROVIDED IN FISCAL YEAR ENDING 6/30/15 TO THE FOLLOWING OFFICERS FOR: ROY MOSKOWITZ $45,000 AS AN ANNUAL BONUS BASED ON PERFORMANCE AND DELIVERABLES AS DETERMINED BY THE PRESIDENT. ANNE ADRIANCE $37,500 AS AN ANNUAL BONUS BASED ON PERFORMANCE AND DELIVERABLES AS DETERMINED BY THE PRESIDENT. ADDITIONAL INFORMATION: THE FOLLOWING CHANGES OCCURRED DURING THIS REPORTING PERIOD: MARK GIBBEL HIRED 08/11/2014 MARY WATSON HIRED 07/01/2014 DAVID SCOBEY TERMINATION 07/12/2015 SIMON COLLINS TERMINATION 07/08/2015 THE FOLLOWING ARE FORMER OFFICERS, KEY EMPLOYEES, ETC, THAT 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 J. ROBERT KERREY FORMER PRESIDENT, SUBSEQUENTLY PRESIDENT EMERITUS AS OF JANUARY, 2011, PAYMENT INCLUDES SEVERANCE A DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 64983QFY0 2005-06-16 22710746 REFUND ISSUE DATED 9/13/94 1 0 0 B DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 64983Q6U8 2006-11-21 72763601 ACQUISITION OF 300 WEST 20TH ST. 1 0 0 C DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 6499055W2 2010-12-08 295923149 UNIVERSITY CENTER CONSTRUCTION 0 0 0 D DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 649906KW3 2011-10-20 37140274 CURR REF ISSUES 10/16/01 3/15/99 0 0 0 A 11495000 10375000 22710746 451574 273000 21837102 2005 1 1 1 1 B 5890000 66605000 72763601 772865 1134000 70856735 2009 0 0 1 1 C 430000 36950000 298140632 42299370 3380615 1240074 248972473 2014 0 0 0 1 D 3095000 37140274 664824 36475450 2011 1 0 1 1 B 0 1 1 1 0 0 0 1 C 0 1 1 1 0 0 0 1 D 0 0 0 0 0 0 0 A 0 0 1 0 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 1 0 0 0 0 0 1 D 0 0 1 0 0 0 0 0 1 A 1 B 1 C 1 D 1 SCHEDULE K SUPPLENTAL INFORMATION ENTITY 2, PART I: BOND A - COLUMN F - THE 2015 ISSUE REFUNDED ISSUES DATED 12/08/10, 11/21/2006, 6/16/2005, 10/16/2001, 5/20/1999. ENTITY 1, PART I: BOND A, COLUMN G: THE 2005 ISSUE WAS ADVANCED REFUNDED BY THE SERIES 2015 AND ALL OUTSTANDING BONDS WILL BE CALLED ON 7/1/15. BOND B, COLUMN G: THE 2006 WAS ADVANCED REFUNDED BY THE SERIES 2015 AND ALL OUTSTANDING BONDS WILL BE CALLED ON 07/01/2016. ENTITY 1, PART II: LINE 4 - BONDS B AND C - THE DIFFERENCE BETWEEN THE TOTAL PROCEEDS AND THE ISSUE PRICE IS THE INVESTMENT EARNINGS FOR THE ISSUE. LINE 11 - BOND A: THE OTHER SPENT PROCEEDS ARE THE REFUNDING PROCEEDS OF THE ISSUE THAT ARE NO LONGER IN ESCROW. LINE 11 - BOND D - THE OTHER SPENT PROCEEDS ARE THE REFUNDING PROCEEDS OF THE ISSUE (36,179,900) AND THE NYS ISSUANCE FEE (295,550) ENTITY 2, PART II: LINE 11 - BOND A - THE OTHER SPENT PROCEEDS ARE THE REFUNDING PROCEEDS OF THE ISSUE THAT ARE NO LONGER IN ESCROW (15,160,740) AND THE NYS ISSUANCE FEE (302,005). ENTITY 1, PART IV: LINE 2C - BOND B ISSUED 11/21/2006,THE ARBITRAGE CALCULATION WAS PERFORMED 6/30/2011 A DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 64990BDY6 2015-05-01 140166569 SEE SUPPLEMENTAL INFORMATION 0 0 0 A 140166569 123647387 1055942 15463240 2015 1 1 0 1 A 0 1 1 1 0 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 SEE SCH L PART V SCH L, PART V 2845726 SCH L, PT V 0 SEE SCH L PART V SCH L, PART V 751880 SCH L, PT V 0 SEE SCH L PART V SCH L, PART V 177900 EMPLOYMENT 0 FORM 990, SCHEDULE L, PART IV: RELATED PARTY TRANSACTIONS JOHN L. TISHMAN:(A) NAME OF INTERESTED PERSON: TISHMAN CONSTRUCTION - JOHN L. TISHMAN(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND THE ORGANIZATION: ENTITY OWNED BY FAMILY MEMBER OF JOHN TISHMAN, A TRUSTEE OF THE UNIVERSITY(D) DESCRIPTION OF TRANSACTION: CONSTRUCTION MANAGEMENTDOUGLAS D. DURST:(A) NAME OF INTERESTED PERSON:DURST CORPORATION (TNS DEVELOPER, LLC) - DOUGLAS D. DURST(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND THE ORGANIZATION: ENTITY OWNED BY DOUGLAS D. DURST, A TRUSTEE OF THE UNIVERSITY(D) DESCRIPTION OF TRANSACTION: BUILDING REPRESENTATION/DEVELOPERLISA HUESTIS:(A) NAME OF INTERESTED PERSON: LISA HUESTIS(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND THE ORGANIZATION: FAMILY MEMBER OF DAVID VAN ZANDT, CURRENT PRESIDENT FORM 990, SCHEDULE L, PART IV: RELATED PARTY TRANSACTIONS 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 UNIVERSITY'S CONFLICT OF INTEREST POLICY REQUIRES, AMONG OTHER THINGS, THAT NO MEMBER OF THE BOARD OF TRUSTEES OR ITS COMMITTEES CAN PARTICIPATE IN ANY DECISION 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 INTERESTS 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 INTERESTS OF THE UNIVERSITY AND ENSURE COMPLIANCE WITH RELEVANT CONFLICT OF INTEREST LAWS.DURING FISCAL 2010, THE BOARD OF TRUSTEES APPROVED THE ENGAGEMENT OF TWO SERVICE FIRMS, ASSOCIATED WITH TRUSTEES, IN CONNECTION WITH THE CONSTRUCTION OF A NEW UNIVERSITY CENTER. CONSISTENT WITH THE POLICY DISCUSSED ABOVE, THE DECISION TO ENGAGE EACH OF THE FIRMS WAS BASED ON A REVIEW AND DISCUSSION WITHOUT PARTICIPATION OF THE INTERESTED TRUSTEES, WITH THE ASSISTANCE OR REAL ESTATE CONSULTANTS AND OUTSIDE COUNSEL, AND A DETERMINATION THAT SUCH ENGAGEMENT WAS IN THE BEST INTEREST AND PROVIDED SUBSTANTIAL BENEFIT TO THE UNIVERSITY.AN ADDITIONAL $2.15 MILLION FOR UNIVERSITY CENTER CONSTRUCTION REPAIRS WERE REQUIRED AS A RESULT OF A WATER MAIN BREAK THAT OCCURRED DURING THE YEAR.TOTAL AMOUNTS PAID TO THE TWO FIRMS DURING FISCAL YEARS 2015 AND 2014 WERE $3.6 AND $1.96 MILLION RESPECTIVELY. X 14 290657 SALES PRICE X FOOD & BEVERAGES 1 13177 FAIR MARKET VALUE 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 11 990 REVIEW PROCESS: THE AUDIT AND RISK COMMITTEE OF THE BOARD OF TRUSTEES HAS BEEN DELEGATED RESPONSIBILITY FOR REVIEWING THE ANNUAL 990 FORM. 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 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 TO THE UNIVERSITY. 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 TO THE UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE (COMMITTEE OF THE BOARD), 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 THE HIRING OF AN EXECUTIVE COMPENSATION CONSULTANT ON AN AS-NEEDED BASIS. A REVIEW WAS COMPLETED IN FY 2015. THE COMMITTEE ALSO REVIEWS INTERNAL CANDIDATES APPROPRIATE TO SERVE AS INTERIM DEANS IF NEEDED, AND ANNUALLY REVIEWS THE LIST OF UNIVERSITY EMPLOYEES WHOSE SALARIES CATEGORIZE THEM AS ABOVE THE 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. THE COMPENSATION COMMITTEE ANNUALLY REVIEWS THE LIST OF UNIVERSITY EMPLOYEES WHOSE SALARIES CATEGORIZE THEM AS ABOVE THE HIGHLY COMPENSATED INDIVIDUALS UNDER IRS PENSION PROVISIONS. DISCUSSIONS AND DECISIONS REGARDING COMPENSATION ISSUES ARE RECORDED IN MINUTES TAKEN AT EACH BOARD MEETING AND DISTRIBUTED PRIOR TO THE FOLLOWING MEETING. 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, THE 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 2,340. CHANGE IN POSTRETIREMENT BENEFITS 129,062. FORM 990, PART XII, LINE 2C: AUDIT OVERSIGHT THE ORGANIZATION'S PROCESS FOR OVERSIGHT OF THE AUDIT 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 GERMANY GM FACILITATE CONTRIBUTIONS GM THE NEW SCHOOL 1 TNS PARSONS PARIS 23 RUE DU ROULE PARIS FRANCE 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 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 PARSONS PARIS M 4615288 COST