2015-05-11T13:13:57-05:00 2014-06-30 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2013-07-01 135645885 NEW YORK LAW SCHOOL NEWY 2124312100 185 WEST BROADWAY NEW YORK NY 10013 STUART A KLEIN TREASURER/VICE PRESIDENT/CFO 2124312100 2015-05-11 1 LYONS ROBERT P00227472 2125038800 2013 2016-02-25 16:41:14Z STUART A KLEIN 185 WEST BROADWAY NEW YORK NY 10013 143908939 0 X WWW.NYLS.EDU X 1891 NY THE MISSION OF NEW YORK LAW SCHOOL IS TO PROVIDE ITS STUDENTS WITH KNOWLEDGE, SKILL (SEE PAGE 2) AND ETHICAL VALUES NEEDED FOR A CAREER IN LAW. 31 30 942 30 8264 0 3382811 3172268 71288869 57767790 18008463 11361460 14044883 583809 106725026 72885327 7058721 8736182 0 0 40769017 35119021 0 0 1137908 38600941 40024875 86428679 83880078 20296347 -10994751 464258490 469798310 215070360 211309506 249188130 258488804 THE MISSION OF NEW YORK LAW SCHOOL IS TO PROVIDE ITS STUDENTS WITH KNOWLEDGE, SKILLS AND ETHICAL VALUES NEEDED FOR A CAREER IN LAW. 0 0 53609280 8736182 57767790 HIGHER EDUCATION INSTRUCTION: TO OFFER A VIBRANT, DIVERSE, AND FORWARD-THINKING CENTER OF LEGAL STUDIES WHERE STUDENTS DEVELOP THE KNOWLEDGE, SKILLS, AND PROFESSIONAL VALUES TO SERVE THEIR CLIENTS AND HAVE SUCCESSFUL CAREERS ADVANCING JUSTICE, BUILDING THE ECONOMY, AND SERVING THE VARIOUS NEEDS OF MODERN SOCIETY. 1,249 STUDENTS ENROLLED IN THE JD AND LLM PROGRAMS 459 GRADUATED DURING THE 2013/2014 PROGRAM YEAR. 53609280 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 60 0 942 1 1 1 0 0 0 0 1 1 0 0 0 0 X 31 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 NY X STUART A KLEIN TREASURERVICE PRE 2124312100 185 WEST BROADWAY NEW YORK NY 10013 ARTHUR N ABBEY CHAIR 5.00 X X 0 0 0 GERALD C CROTTY VICE CHAIR 1.00 X X 0 0 0 JEFFREY D KNOWLES VICE CHAIR 1.00 X X 0 0 0 HON ERNST H ROSENBERG VICE CHAIR 1.00 X X 0 0 0 ANTHONY W CROWELL DEAN AND PRESIDENT 65.00 X X 450000 0 38112 TONIO BURGOS TRUSTEE 1.00 X 0 0 0 ANTHONY A CAPETOLA TRUSTEE 1.00 X 0 0 0 VINCENT A CARBONELL TRUSTEE 1.00 X 0 0 0 ALAN W CLARK TRUSTEE 1.00 X 0 0 0 DAVID B CORNSTEIN TRUSTEE 1.00 X 0 0 0 MICHAEL A COSTA TRUSTEE 1.00 X 0 0 0 JOHN E ESTES TRUSTEE 1.00 X 0 0 0 LAWRENCE N FIELD TRUSTEE 1.00 X 0 0 0 KATHLEEN GRIMM TRUSTEE 1.00 X 0 0 0 HOWARD M LORBER TRUSTEE 1.00 X 0 0 0 JOHN D MCMAHON TRUSTEE 1.00 X 0 0 0 SUSAN B MENDIK TARKINOW TRUSTEE 1.00 X 0 0 0 ROSS F MOSKOWITZ TRUSTEE 1.00 X 0 0 0 HOWARD NOTTINGHAM TRUSTEE 1.00 X 0 0 0 STEVEN E PEGALIS TRUSTEE 1.00 X 0 0 0 ANDREW PENSON TRUSTEE 1.00 X 0 0 0 CHARLES E PHILLIPS TRUSTEE 1.00 X 0 0 0 NORMAN RADOW TRUSTEE 1.00 X 0 0 0 ROBERT J RAYMOND TRUSTEE 1.00 X 0 0 0 JOHN J REDDY TRUSTEE 1.00 X 0 0 0 CYNTHIA G SENKO ROSICKI TRUSTEE 1.00 X 0 0 0 ALAN J SCHNURMAN TRUSTEE 1.00 X 0 0 0 SYBIL SHAINWALD TRUSTEE 1.00 X 0 0 0 ELI WACHTEL TRUSTEE 1.00 X 0 0 0 JAMES D ZIRIN TRUSTEE 1.00 X 0 0 0 PAUL L PORRETTA TRUSTEE 1.00 X 0 0 0 STUART A KLEIN TREASURER/VICE PRESIDENT/CFO 45.00 X 159526 0 2132 CAROLE WALLACE EXEC. 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PRES./SECRETARY 45.00 X 250000 0 37145 FRED DEJOHN FORMER VP/CFO/TREASURER 35.00 X 126913 0 23515 SUZANNE DAVIDSON FORMER VP FUNDRAISING/SECRETARY 35.00 X 95333 0 19311 DEBORAH ARCHER ASSOCIATE DEAN 45.00 X 250000 0 53034 RONALD FILLER FACULTY 35.00 X 307109 0 49093 MARSHALL TRACHT FACULTY 35.00 X 347000 0 49093 JETHRO LIEBERMAN FACULTY 35.00 X 318825 0 52897 GERALD KORNGOLD FACULTY 35.00 X 324800 0 50402 LLOYD BONFIELD FACULTY 35.00 X 295237 0 28789 2924743 0 403523 10 0 1 0 ELLUCIAN COMPANY LP 2300 MAITLAND CENTER PARKWAY MAITLAND FL 32351 INFOTECH OUTSOURCING 2073869 BUILDING MAINTENANCE SERVICE LLC 11 PENN PLAZA NEW YORK NY 10001 MAINTENANCE SERVICES 1781431 SUMMIT SECURITY SERVICES INC 390 RXR PLAZA UNIONDALE NY 11556 SECURITY SERVICES 685593 VENABLE LLP PO BOX 62727 BALTIMORE MD 21264 LEGAL SERVICES 482151 SOLARIS ADVISORS LLC 645 MADISON AVENUE NEW YORK NY 10022 CONSULTING 419992 6 830827 931538 1409903 3172268 TUITION & FEES 611710 55496165 55496165 AUXILIARY 611710 2224540 2224540 SUBSCRIPTION 611710 47085 47085 57767790 2941545 8264 2933281 79291403 70871488 8419915 8419915 8419915 152124 830827 152124 0 MISCELLANEOUS 900099 583809 583809 583809 72885327 57767790 8264 11937005 X 8736182 8736182 2562426 2562426 23954747 19523751 4130432 300564 1450362 1067856 366067 16439 5559779 4093489 1403272 63018 1591707 1171923 401742 18042 895852 895852 80000 80000 1372213 1372213 8326691 711854 7362564 252273 422198 74201 347997 299981 225442 67144 7395 1370789 249735 1121054 4421465 1632146 2789319 295391 283665 10364 1362 657813 655463 2350 5029742 4530780 414270 84692 8365560 7535675 689020 140865 751225 7996 743229 UTILITIES 2041528 59662 1981866 BOOKS & SUBSCRIPTIONS 1369223 1365198 868 3157 MISCELLANEOUS 1027244 458181 523090 45973 EQUIP. MAINT & REPAIRS 923334 137319 786015 0 2374626 1088762 1081736 204128 83880078 53609280 29132890 1137908 1989763 1923028 57474498 40686806 6004285 1208833 2147766 856535 1944832 1873661 14266 14049 4131255 3938964 239241396 68058077 178744163 171183319 90187347 101015396 121018333 146495376 601982 602343 464258490 469798310 7450020 6250073 2888832 2898242 329200 279600 168700000 164805000 35702308 37076591 215070360 211309506 X 207851638 213665634 9029268 12188900 32307224 32634270 249188130 258488804 464258490 469798310 X -10994751 20075425 220000 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 768481 X 0 39398119 327046 3718723 504097 683419 42256372 36534786 649913 2982739 393830 375489 39398119 36364126 881848 311188 251480 148520 37157162 31586294 1987455 4229591 701200 738014 36364126 28871742 876881 1929596 450125 358200 30869894 0.77230 0.22770 1 0 704458 704458 202559597 42108452 160451145 35208860 25949625 9259235 768481 768481 171183319 GOVERNMENT SECURITIES 17685278 F HEDGE FUNDS 106053712 F PRIVATE INVESTMENTS 22756386 F 146495376 POST RETIREMENT BENEFITS 13496591 INTEREST RATE SWAP PAYABLE 23580000 37076591 X 93180752 20075425 220000 20295425 72885327 0 72885327 83880078 0 83880078 0 83880078 PART III, LINE 4: VARIOUS ART COLLECTIONS WERE GIVEN TO FURTHER THE CREATIVITY AND FREEDOM OF EXPRESSION OF ARTISTS AND LAWYERS IN THEIR RESPECTIVE FIELDS AND TO FURTHER THE ONGOING AND NECESSARY DIALOGUE AND INCLUENCE BETWEEN THOSE TWO DISCIPLINES ESSENTIAL TO THE QUALITY OF LIFE AND VIBRANCE OF NY TRIBECA AND THE DOWNTOWN COMMUNITY WHICH SERVES AS HOME NO NYLS. PART V, LINE 4: NEW YORK LAW SCHOOL'S ENDOWMENT CONSISTS OF A NUMBER OF FUNDS SET UP NY DONORS FOR DIFFERENT PURPOSES. THE FUNDING IS USED FOR SCHOLARSHIPS, FACULTY RESEARCH, FACULTY PROGRAMS, AND OTHER COSTS IN ACCORDANCE WITH DONOR RESTRICTIONS. NYLS HAS ADOPTED INVESTMENT SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT. PART X, LINE 2: THE SCHOOL HAD NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2014 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, "INCOME TAXES," WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. THE SCHOOL IS NO LONGER SUBJECT TO FEDERAL OR STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEAR ENDED JUNE 30, 2011 AND PRIOR YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: INTEREST RATE SWAP 220,000. 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 POLICY IS POSTED ON SCHOOL WEBSITE AND PRINTED IN THE RECRUITMENT AND APPLICATION MATERIALS. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES GRANTS FROM THE DEPARTMENT OF EDUCATION. 1 EUROPE (INCL. ICELAND) 0 0 PROGRAM SERVICES LONDON STUDY ABROAD 115246 0 0 0 0 0 0 115246 0 115246 0 0 0 0 0 0 NYLS GALA 845101 720344 124757 124757 SCHOLAR EVENT 137850 110483 27367 27367 982951 830827 152124 152124 152124 0 0 SCHOLARSHIP AND GRANTS 792 8736182 FMV 1 X X X 0 0 0 0 0 0 0 0 0 ANTHONY W CROWELL DEAN AND PRESIDENT 450000 0 0 0 0 0 0 0 38112 0 488112 0 0 0 STUART A KLEIN TREASURER/VICE PRESIDENT/CFO 159526 0 0 0 0 0 0 0 2132 0 161658 0 0 0 CAROLE WALLACE EXEC. VICE. PRES./SECRETARY 250000 0 0 0 0 0 0 0 37145 0 287145 0 0 0 FRED DEJOHN FORMER VP/CFO/TREASURER 126913 0 0 0 0 0 0 0 23515 0 150428 0 0 0 DEBORAH ARCHER ASSOCIATE DEAN 250000 0 0 0 0 0 0 0 53034 0 303034 0 0 0 RONALD FILLER FACULTY 307109 0 0 0 0 0 0 0 49093 0 356202 0 0 0 MARSHALL TRACHT FACULTY 347000 0 0 0 0 0 0 0 49093 0 396093 0 0 0 JETHRO LIEBERMAN FACULTY 318825 0 0 0 0 0 0 0 52897 0 371722 0 0 0 GERALD KORNGOLD FACULTY 324800 0 0 0 0 0 0 0 50402 0 375202 0 0 0 LLOYD BONFIELD FACULTY 295237 0 0 0 0 0 0 0 28789 0 324026 0 0 0 A DASNY SERIES 2009 013000293 649905GM2 2009-06-18 40500000 CONSTRUCTION AND RENOVATION 0 1 0 B NYCIDACFRB SERIES 2006B 132946690 649710BG4 2006-06-30 67500000 NEW BUILDING PROJECT 0 1 0 C NYCIDACFRB SERIES 2006A 132946690 649710BF4 2006-06-30 67500000 NEW SCHOOOL BUILDING PROJECT 0 1 0 A 595000 40500000 1141916 39358084 1 0 1 1 B 1650000 67500000 2600369 64899631 1 0 1 1 C 1650000 67500000 2600369 64899631 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 0 0 0 0 0 BONY MELLON 30.000000000000 0 0 0 TRINITY PLUS 3.000000000000 1 0 1 B 1 0 1 BONY MELLON 30.000000000000 0 0 1 TRINITY PLUS 3.000000000000 1 0 1 C 1 1 1 BONY MELLON 30.000000000000 0 0 1 TRINITY PLUS 3.000000000000 1 0 1 A 1 B 1 C 1 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE AND THEN PRESENTED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST QUESTIONNAIRE IS DISTRIBUTED TO AND COMPLETED BY THE MEMBERS OF THE BOARD OF TRUSTEES OF THE SCHOOL ON AN ANNUAL BASIS. THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES IS RESPONSIBLE FOR NOTIFYING THE BOARD OF ANY DISCLOSED CONFLICTS. A CONFLICT OF INTEREST POLICY IS MADE AVAILABLE TO ALL EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE DEAN IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES EXECUTIVE COMMITTEE, ACTING AS THE COMPENSATION COMMITTTE. THE COMPENSATION REVIEW INCLUDES COMPARING COMPENSATION OF PEOPLE IN COMPARABLE POSITIONS AT SIMILAR EDUCATIONAL INSTITUTIONS. THE DEAN'S FINAL COMPENSATION IS THEN DOCUMENTED IN A WRITTEN EMPLOYMENT CONTRACT. FORM 990, PART VI, SECTION C, LINE 19 THE NEW YORK LAW SCHOOL MAKES ITS GOVERNING DOCUMENTS, FORM 990 AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. PART VI, SECTION B LINE 13: A DRAFT WHISTLEBLOWER POLICY HAS PREPARED AND WILL BE SUBMITTED TO THE SCHOOL'S AUDIT COMMITTEE FOR APPROVAL. FORM 990, PART IX, LINE 24E TEMP STAFF AGENCY: PROGRAM SERVICE EXPENSES 380,599. MANAGEMENT AND GENERAL EXPENSES 199,745. FUNDRAISING EXPENSES 150,533. TOTAL EXPENSES 730,877. PRINTING: PROGRAM SERVICE EXPENSES 245,235. MANAGEMENT AND GENERAL EXPENSES 95,951. FUNDRAISING EXPENSES 34,563. TOTAL EXPENSES 375,749. BAD DEBT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 354,201. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 354,201. COMMENCEMENT EXP: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 188,903. FUNDRAISING EXPENSES 115. TOTAL EXPENSES 189,018. RECRUITMENT: PROGRAM SERVICE EXPENSES 143,853. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 143,853. DUES & AFFILIATIONS: PROGRAM SERVICE EXPENSES 49,144. MANAGEMENT AND GENERAL EXPENSES 69,258. FUNDRAISING EXPENSES 114. TOTAL EXPENSES 118,516. POSTAGE: PROGRAM SERVICE EXPENSES 69,285. MANAGEMENT AND GENERAL EXPENSES 23,978. FUNDRAISING EXPENSES 7,814. TOTAL EXPENSES 101,077. TELEPHONE: PROGRAM SERVICE EXPENSES 5,120. MANAGEMENT AND GENERAL EXPENSES 83,693. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 88,813. BANK CHARGES & FEES: PROGRAM SERVICE EXPENSES 11,259. MANAGEMENT AND GENERAL EXPENSES 66,007. FUNDRAISING EXPENSES 10,989. TOTAL EXPENSES 88,255. WORKSHOPS: PROGRAM SERVICE EXPENSES 71,126. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 71,126. FACULTY BUDGETS: PROGRAM SERVICE EXPENSES 61,231. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 61,231. SYMPOSIA: PROGRAM SERVICE EXPENSES 41,224. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 41,224. STORAGE: PROGRAM SERVICE EXPENSES 10,686. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,686. FORM 990, PART XI, LINE 9: INTEREST RATE SWAP 220,000. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.