2015-07-08T12:07:49-05:00 2013-12-31 990 2013-09-01 111630820 POLYTECHNIC INSTITUTE OF NEW YORK UNIVERSITY POLY 7182604000 6 METROTECH CENTER BROOKLYN NY 11201 KATEPALLI SREENIVASAN PRESIDENT 7182603166 2015-07-08 2013 2016-02-25 16:41:14Z X KATEPALLI SREENIVASAN 6 METROTECH CENTER BROOKLYN NY 11201 144932000 0 X N/A X 1854 NY PRIVATE CO-EDUCATIONAL INSTITUTION WITH PROGRAMS IN ENGR & TECH, APPLIED SCIENCE & MGMT. 26 22 2728 0 0 0 36190000 6432000 157035000 84015000 12837000 11691000 2367000 933000 208429000 103071000 71790000 26498000 0 0 66441000 22615000 0 0 584000 60302000 15879000 198533000 64992000 9896000 38079000 289017000 0 206591000 0 82426000 0 POLYTECHNIC INSTITUTE OF NYU IS A PRIVATE CO-EDUCATIONAL INSTITUTION FOUNDED IN 1854, OFFERING B.S., M.S. AND PHD PROGRAMS IN ENGINEERING AND TECHNOLOGY, APPLIED SCIENCES AND MANAGEMENT. 0 0 51925000 26498000 80906000 INSTRUCTION AND RESEARCH INCLUDING ACTIVITIES SERVING STUDENTS AT UNDERGRADUATE THROUGH DOCTORAL LEVEL IN ENGINEERING AND APPLIED SCIENCES. 5207000 STUDENT SERVICE AND ACADEMIC SUPPORT SERVING STUDENTS INCLUDING PLACEMENT, TUTORING, ATHLETIC AND SOCIAL ACTIVITIES. 1232000 3109000 AUXILIARY ENTERPRISES AND SPECIAL PROGRAMS INCLUDING DORMITORY. 58364000 58364000 58364000 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 1 0 0 0 1 275 0 1 2728 1 0 1 CJ 0 0 0 0 0 0 0 0 0 X 26 22 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 1 X PEGGY CHEN 7182603026 15 METROTECH CENTER BROOKLYN NY 112012990 RALPH C ALEXANDER CHAIRMAN 1.00 X X 0 0 0 DANIEL BERRY TRUSTEE 1.00 X 0 0 0 CURTIS BRUNSON TRUSTEE 1.00 X 0 0 0 AVIVA D BUDD TRUSTEE 1.00 X 0 0 0 BERNIE BULKIN TRUSTEE 1.00 X 0 0 0 GERALD W DAWES TRUSTEE 1.00 X 0 0 0 CHARLES FABRIKANT TRUSTEE 1.00 X 0 0 0 SUNIL GODHWANI TRUSTEE 1.00 X 0 0 0 CHARLES J HINKATY TRUSTEE 1.00 X 0 0 0 PAUL M HORN TRUSTEE 1.00 X 0 420749 17971 CHRISTINE IANUZZI TRUSTEE 1.00 X 0 0 0 LAWRENCE W KATZ TRUSTEE 1.00 X 0 0 0 WILLIAM K KRAMER TRUSTEE 1.00 X 0 0 0 JEFFREY H LYNFORD DEPUTY CHAIR 1.00 X X 0 0 0 CRAIG G MATTHEWS TRUSTEE 1.00 X 0 0 0 CHARLES J HINKATY TRUSTEE 1.00 X 0 0 0 JOHN SCHAEFER TRUSTEE 1.00 X 0 0 0 JAMES M SMITH TRUSTEE 1.00 X 0 0 0 JOSEPH S STEINBERG TRUSTEE 1.00 X 0 0 0 ROBERT TSAO TRUSTEE 1.00 X 0 0 0 FRED WILSON TRUSTEE 1.00 X 0 0 0 JOHN SEXTON EX-OFFICIO TRUSTEE 1.00 70.00 X 0 1349220 203972 DAVID MCLAUGHLIN EX-OFFICIO TRUSTEE 1.00 50.00 X 0 647353 31262 BONNIE BRIER EX-OFFICIO TRUSTEE 1.00 50.00 X 0 668738 39422 KATEPALLI SREENIVASAN PRESIDENT 35.00 35.00 X X 0 541565 32930 RICHARD FISHBEIN TREASURER 1.00 X X 0 0 0 RUDOLPH L WYNTER SECRETARY 1.00 X X 0 0 0 MARY COWMAN ASSOC. PROVOST 35.00 X 186224 0 31755 KURT BECKER ASSOC. PROVOST OF TECH. 35.00 X 284668 0 36919 DENNIS DINTINO VP-FINANCE & BUS. AFFAIRS 35.00 X 285415 0 37238 ROBERT UBELL VP NEW BUS. DEV. 35.00 X 218689 0 33178 RICHARD THORSEN VP EMRTUS ACD. AFFRS. 35.00 X 185650 0 33199 WALTER ZURAWSKY ASSOC. PROVOST 35.00 X 163227 0 21987 IRAJ KALKHORAN DEPT. HEAD OF UNDERGRADUAT 35.00 X 221043 0 22961 JONATHAN CHAO PROFESSOR 35.00 X 282837 0 36911 SUNIAL KUMAR DEAN OF ENGINEERING 35.00 X 408668 0 35270 NASIR MEMON DEPT. HEAD, COMPUTER SCIEN 35.00 X 268124 0 37278 KEITH ROSS PROFESSOR 35.00 X 281581 0 37481 CHARLES TAPIERO DEPT. HEAD, FINANCE & RISK 35.00 X 307676 0 28279 JERRY HULTIN FORMER PRESIDENT 35.00 X 0 146778 20141 3093802 3774403 738154 130 1 1 0 CAULDWELL WINGATE COMPANY LLC 380 LEXINGTON AVENUE NEW YORK NY 10168 REPAIRS AND MAINTENANCE 984000 DORSEY & WHITNEY LLP PO BOX 1680 MINNEAPOLIS MN 55480 LEGAL 420000 KPMG LLP DEPT 0511 POBOX 120001 DALLAS TX 75312 ACCOUNTING 296000 CLEANTECH WORKS LLC 317 WEST 99TH STREET NEW YORK NY 10025 REPAIRS AND MAINTENANCE 197000 PHILLIPS LYTLE LLP 437 MADISON AVENUE NEW YORK NY 10022 LEGAL 159000 11 1916000 4516000 80000 6432000 TUITION AND FEES 900099 73980000 73980000 FED,ST,& LOCAL GRANTS 900099 6926000 6926000 SLS&SVCS OF AUXILIARY 900099 3109000 3109000 84015000 35000 35000 27000 4000 23000 23000 23000 53513000 41857000 11656000 11656000 11656000 REIMBURSEMENT/DEPOSIT 900099 910000 910000 910000 103071000 84015000 0 12624000 26498000 26498000 1031000 936000 95000 19293000 17409000 1562000 322000 1136000 1022000 91000 23000 172000 155000 14000 3000 983000 884000 79000 20000 1129000 856000 237000 36000 243000 243000 10000 10000 205000 205000 192000 24000 168000 1375000 1179000 139000 57000 996000 896000 80000 20000 2657000 2622000 34000 1000 672000 634000 18000 20000 96000 96000 2856000 2856000 2142000 1928000 171000 43000 REPAIR AND MAINTENANCE 1025000 1013000 12000 NONDURABLE ASSET EXPEND 1022000 1022000 CLEANING 420000 384000 29000 7000 SECURITY 283000 267000 13000 3000 556000 539000 17000 64992000 58364000 6044000 584000 11349000 0 0 3417000 0 1440000 0 0 0 5839000 0 0 13355000 0 0 0 129573000 0 50284000 0 66483000 0 0 0 7277000 0 289017000 0 31805000 0 1885000 0 19463000 101031000 0 6044000 0 46363000 0 206591000 0 X -16268000 0 16291000 0 82403000 0 82426000 0 289017000 0 X 38079000 -3426000 -117079000 X 0 1 X 1 1 1 X 13522000 38025000 37496000 36190000 6432000 131665000 13522000 38025000 37496000 36190000 6432000 131665000 131665000 3093000 4241000 3056000 2361000 58000 12809000 3758000 1635000 689000 2375000 910000 9367000 153841000 0.85590 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 10000 0 0 10000 0 PART II-B, LINE 1G: LOBBYING ACTIVITIES ARE PERFORMED FOR THE FURTHERANCE OF THE UNIVERSITY'S RESEARCH MISSION. THE UNIVERSITY CONDUCTS RESEARCH IN ALL FIELDS OF SCIENCE AND ENGINEERING. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY PUBLICIZED ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH THE UNIVERSITY'S BROCHURES AND BROADCASTS. SCH E - FINANCIAL AID OR GOVERNMENT ASSISTANCE EXPLANATION POLYTECHNIC UNIVERSITY RECEIVES FINANCIAL ASSISTANCE FOR STUDENTS AS PROVIDED BY NEW YORK STATE AND THE FEDERAL GOVERNMENT'S TITLE IV PROGRAM. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 3248000 0 0 0 0 0 0 3248000 0 3248000 0 0 0 0 0 0 0 SCHOLARSHIPS 3456 26498000 PART I, LINE 2: PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS THE UNIVERSITY AWARDS "FINANCIAL AID" TO STUDENTS BASED UPON BOTH MERIT AND NEED ELIGIBILITY. SCHOLARSHIPS ARE AWARDED BASED UPON AN EVALUATION OF OVERALL ACADEMIC PERFORMANCE. FEDERAL, STATE, AND INSITITUTIONAL AID IS AWARDED BASED UPON NEED AS DEMONSTRATED BY THE INFORMATION SUPPLIED BY STUDENT IN THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA). THE UNIVERSITY MAINTAINS RECORDS TO SUBSTANTIATE AMOUNTS, ELIGIBILTY, AND SELECTION CRITERIA USED FOR GRANTS. EACH GRANT HAS A GRANT MANAGER TO MONITOR THE GRANT TO ENSURE THAT THE GRANT IS USED FOR PROPER PURPOSES. 1 X X X X 0 1 0 0 0 0 0 0 0 PAUL M HORN TRUSTEE 0 381497 0 39252 0 0 0 17825 0 146 0 438720 0 0 JOHN SEXTON EX-OFFICIO TRUSTEE 0 1242636 0 106584 0 0 0 100200 0 103772 0 1553192 0 0 DAVID MCLAUGHLIN EX-OFFICIO TRUSTEE 0 647353 0 0 0 0 0 25500 0 5762 0 678615 0 0 BONNIE BRIER EX-OFFICIO TRUSTEE 0 603234 0 65504 0 0 0 0 0 39422 0 708160 0 0 KATEPALLI SREENIVASAN PRESIDENT 0 510288 0 31277 0 0 0 25500 0 7430 0 574495 0 0 MARY COWMAN ASSOC. PROVOST 186224 0 0 0 0 0 20179 0 11576 0 217979 0 0 0 KURT BECKER ASSOC. PROVOST OF TECH. 278668 0 6000 0 0 0 25500 0 11419 0 321587 0 0 0 DENNIS DINTINO VP-FINANCE & BUS. AFFAIRS 245415 0 40000 0 0 0 25500 0 11738 0 322653 0 0 0 ROBERT UBELL VP NEW BUS. DEV. 218689 0 0 0 0 0 23265 0 9913 0 251867 0 0 0 RICHARD THORSEN VP EMRTUS ACD. AFFRS. 185650 0 0 0 0 0 19407 0 13792 0 218849 0 0 0 WALTER ZURAWSKY ASSOC. PROVOST 163227 0 0 0 0 0 16508 0 5479 0 185214 0 0 0 IRAJ KALKHORAN DEPT. HEAD OF UNDERGRADUAT 211043 0 10000 0 0 0 22301 0 660 0 244004 0 0 0 JONATHAN CHAO PROFESSOR 282837 0 0 0 0 0 25500 0 11411 0 319748 0 0 0 SUNIAL KUMAR DEAN OF ENGINEERING 408668 0 0 0 0 0 25500 0 9770 0 443938 0 0 0 NASIR MEMON DEPT. HEAD, COMPUTER SCIEN 233124 0 35000 0 0 0 25500 0 11778 0 305402 0 0 0 KEITH ROSS PROFESSOR 261581 0 20000 0 0 0 25500 0 11981 0 319062 0 0 0 CHARLES TAPIERO DEPT. HEAD, FINANCE & RISK 307676 0 0 0 0 0 25500 0 2779 0 335955 0 0 0 JERRY HULTIN FORMER PRESIDENT 0 146778 0 0 0 0 0 14350 0 5791 0 166919 0 0 PART I, LINE 4B: PRESIDENT SEXTON IS ENTITLED TO RECEIVE A LENGTH OF SERVICE BONUS ON JANUARY 15TH, 2015, SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE, EQUAL TO $77,200 TIMES THE NUMBER OF YEARS HE HAS SERVED AS A FULL-TIME MEMBER OF THE NYU SCHOOL OF LAW (INCLUDING HIS SERVICES AS DEAN OF THE SCHOOL OF LAW (INCLUDING HIS SERVICES AS DEAN OF THE SCHOOL OF LAW AND AS PRESIDENT OF THE UNIVERSITY). THE $77,200 ALLOCABLE TO CALENDAR YEAR 2013 IS INCLUDED IN PART II, ABOVE, IN COLUMN C. IN ADDITION, COMMENCING ON SEPTEMBER 1, 2011, SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE, PRESIDENT SEXTON WILL BE ENTITLED TO RECEIVE PAYMENTS FOR THE REMAINDER OF HIS LIFE (THE "SERP ANNUAL PAYMENTS") EQUAL TO $800,000 PER YEAR, ADJUSTED BY THE LOCAL CONSUMER PRICE INDEX SINCE SEPTEMBER 1, 2008, REDUCED BY RETIREMENT BENEFITS OTHERWISE PROVIDED BY THE UNIVERSITY. THE OBLIGATION TO MAKE SERP ANNUAL PAYMENTS HAS BEEN PREVIOUSLY DESCRIBED ON THE UNIVERSITY'S FORMS 990. PRESIDENT SEXTON'S SALARY- WHILE PRESIDENT, AND THROUGH THE SABBATICAL FOLLOWING HIS PRESIDENCY- IS REDUCED BY THE SERP ANNUAL PAYMENTS. A NYC INDUSTRIAL DEVELOPMENT AGENCY 132906040 649438EP9 2007-06-28 105368846 REFUND 2000 IDA BOND ISSUE 0 0 0 A 105368846 7193481 89333603 8841762 0 1 1 1 A 0 0 0 1 0 0 0 0 1 A 1 X 7 80000 MARKET PRICE 0 0 0 CASH 2013-12-31 16299000 BOOK VALUE 135562308 NEW YORK UNIVERSITY 105 E 17TH STREET NEW YORK NY 10003 501(C)(3) ACCOUNT RECEIVABLE 2013-12-31 9588000 BOOK VALUE 135562308 NEW YORK UNIVERSITY 105 E 17TH STREET NEW YORK NY 10003 501(C)(3) PREPAID EXPENSE 2013-12-31 14793000 BOOK VALUE 135562308 NEW YORK UNIVERSITY 105 E 17TH STREET NEW YORK NY 10003 501(C)(3) LAND, BUILDING, & EQUIPMENT 2013-12-31 129573000 BOOK VALUE 135562308 NEW YORK UNIVERSITY 105 E 17TH STREET NEW YORK NY 10003 501(C)(3) INVESTMENTS 2013-12-31 121483000 BOOK VALUE 135562308 NEW YORK UNIVERSITY 105 E 17TH STREET NEW YORK NY 10003 501(C)(3) OTHER ASSETS 2013-12-31 7195000 BOOK VALUE 135562308 NEW YORK UNIVERSITY 105 E 17TH STREET NEW YORK NY 10003 501(C)(3) 0 1 0 0 1 1 1 1 1 0 PART I, LINE 2E: PERSON(S) INVOLVED: AS OF JANUARY 1, 2014, POLYTECHNIC MERGED INTO NEW YORK UNIVERSITY. THE FOLLOWING INDIVIDUALS BECAME EMPLOYEES OF NYU:MARY COWMANKURT BECKERDENNIS DINTINOROBERT UBELLRICHARD THORSENWALTER ZURAWSKYIRAJ KALKHORANJONATHAN CHAOSUNIAL KUMARNASIR MEMONKEITH ROSSCHARLES TAPIEROKATEPALLI SREENIVASAN PART I, LINE 6C: AS OF JANUARY 1, 2014 THE SERIES 2007 IDA BONDS BECAME AN OBLIGATION OF NEW YORK UNIVERSITY. FORM 990, PART VI, SECTION A, LINE 6 NEW YORK UNIVERSITY IS THE SOLE MEMBER OF THE CORPORATION. IN ADDITION, AS THE SOLE MEMBER, NYU ELECTS ALL OF THE TRUSTEES OF THE CORPORATION AND HAS OTHER POWERS AS GRANTED UNDER STATE LAW. FORM 990, PART VI, SECTION A, LINE 7A NEW YORK UNIVERSITY IS THE SOLE MEMBER OF THE CORPORATION. IN ADDITION, AS THE SOLE MEMBER, NYU ELECTS ALL OF THE TRUSTEES OF THE CORPORATION AND HAS OTHER POWERS AS GRANTED UNDER STATE LAW. FORM 990, PART VI, SECTION A, LINE 7B NEW YORK UNIVERSITY IS THE SOLE MEMBER OF THE CORPORATION. IN ADDITION, AS THE SOLE MEMBER, NYU ELECTS ALL OF THE TRUSTEES OF THE CORPORATION AND HAS OTHER POWERS AS GRANTED UNDER STATE LAW. FORM 990, PART VI, SECTION B, LINE 11 THE CORPORATION MERGED WITH AND INTO ITS SOLE MEMBER, NEW YORK UNIVERSITY, IN THE FISCAL YEAR ENDING 8/31/14, BECOMING THE NYU POLYTECHNIC SCHOOL OF ENGINEERING. FOLLOWING THE MERGER, THE CORPORATION DOES NOT EXIST AS A SEPARATE ENTITY AND THERE IS THEREFORE NO BOARD OF TRUSTEES TO REVIEW THIS FORM 990. AS A RESULT, THESE WERE THE STEPS TAKEN TO APPROVE THE FORM 990: 1. THE FORM 990 WAS REVIEWED AND APPROVED BY THE NYU OFFICE OF THE CONTROLLER AND THE SR. VICE DEAN OF FINANCE & ADMIN OF THE NYU POLYTECHNIC SCHOOL OF ENGINEERING. 2. A COPY OF THE DRAFT FORM 990 WAS CIRCULATED TO THE OFFICE OF GENERAL COUNSEL OF NYU FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES MUST DECLARE ANY CONFLICTS OF INTEREST IN RESPONSE TO AN ANNUAL CERTIFICATION QUESTIONNAIRE. THE ASSISTANT VP OF FINANCIAL OPERATIONS REVIEWS THE QUESTIONNAIRE AND REPORTS TO THE CHAIR OF THE AUDIT COMMITTEE. THE CHAIR OF THE AUDIT COMMITTEE MAY REQUEST THE BOARD CHAIR TO REFER THE CONFLICT OF INTEREST SITUATION TO AN AD HOC COMMITTEE OF THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. COMPLIANCE WITH THE POLICY CAN BE ACCOMPLISHED ONLY BY ELIMINATION OF THE CONLICT OR BY APPROVAL OF THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE OFFICERS, EXECUTIVE DIRECTORS, AND KEY EMPLOYEES IS DETERMINED BY THE POLYTECHNIC BOARD OF TRUSTEES ON THE RECOMMENDATION OF THE COMPENSATION COMMITTEE. NO INDIVIDUALS WITH A CONFLICT OF INTEREST MAY BE INVOLVED IN THE COMPENSATION DETERMINATION PROCESS. COMPATIBILITY DATA FOR SIMILARITY SITUATED ORGANIZATIONS IS PREPARED BY THE ORGANIZATION AND REVIEWED BY THE BOARD OF TRUSTEES. THE MINUTES OF THE BOARD OF TRUSTEES AND THE COMPENDATION COMMITTEE DOCUMENT THE BOARD'S AND COMMITTEE'S DELIBERATIONS AND DECISIONS REGARDING COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, FORM 990 AND FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE AND UPON REQUEST. FORM 990, PART XI, LINE 9: TRANSFER OF ASSETS TO NYU UPON MERGER -117,079,000. NEW YORK UNIVERSITY 5 WASHINGTON SQUARE NEW YORK NY 10003 135562308 EDUCATION & RESEARCH NY 501C(3) LINE 2 N/A 0 METROTECH 6 METROTECH CENTER BROOKLYN NY 11201 REAL ESTATE NY 501C(3) LINE 2 N/A 0 POLY HOLDING CORPORATION 6 METROTECH CENTER BROOKLYN NY 11201 112873205 HOLDING CO. NY 501C(2) N/A 0 NYC SEED LLC 6 METROTECH CENTER BROOKLYN NY 11201 INVESTMENT DE N/A INVESTMENT 86000 2820000 0 0 0.35700 SYNTHEZYME LLC 6 METROTECH CENTER BROOKLYN NY 11201 BIOCATALYST NY N/A BIO RESEARCH -53000 10000 0 0 0.50000 SEEDSTART 2010 6 METROTECH CENTER BROOKLYN NY 11201 INVESTMENT DE N/A INVESTMENT -42 1736 0 0 0.07140 SEEDSTART 2011 6 METROTECH CENTER BROOKLYN NY 11201 INVESTMENT DE N/A INVESTMENT -1484 973 0 0 0.07140 SEEDSTART 2013 6 METROTECH CENTER BROOKLYN NY 11201 INVESTMENT DE INVESTMENT -20 2415 0 0 0.07140 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0