POLYTECHNIC INSTITUTE OF NEW YORK UNIVERSITY: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- POLYTECHNIC INSTITUTE OF NEW YORK UNIVERSITY (EIN 11-1630820)
- Tax period
- 2012-09-01 to 2013-08-31
- Filed
- 2014-07-10
- IRS object ID
- 201431919349300318
- Schema version
- 2012v2.1
- 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
- Form 990
- Schedule A
- Schedule C
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-07-10T09:48:58-05:00 | Timestamp |
| Tax Period End Date | 2013-08-31 | TaxPeriodEndDate |
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-09-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 111630820 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | POLYTECHNIC INSTITUTE OF NEW YORK UNIVERSITY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | POLY | NameControl |
| Phone | 7182604000 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6 METROTECH CENTER | AddressLine1 |
| City | BROOKLYN | City |
| State | NY | State |
| ZIP Code | 11201 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | KATEPALLI SREENIVASAN | Name |
| Title | PRESIDENT | Title |
| Phone | 7182603166 | Phone |
| Date Signed | 2014-07-10 | DateSigned |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | KATEPALLI SREENIVASAN | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6 METROTECH CENTER | AddressLine1 |
| City | BROOKLYN | City |
| State | NY | State |
| ZIP Code | 11201 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 228687000 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.POLY.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1854 | YearFormation |
| State Legal Domicile | NY | StateLegalDomicile |
| Activity Or Mission Description | PRIVATE CO-EDUCATIONAL INSTITUTION WITH PROGRAMS IN ENGR & TECH, APPLIED SCIENCE & MGMT. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 26 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 25 | NbrIndependentVotingMembers |
| Total Nbr Employees | 2723 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 863000 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 36190000 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 5998000 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 157035000 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -580000 | InvestmentIncomePriorYear |
| Investment Income Current Year | 12837000 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 50000 | OtherRevenuePriorYear |
| Other Revenue Current Year | 2367000 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 6331000 | TotalRevenuePriorYear |
| Total Revenue Current Year | 208429000 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 810000 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 71790000 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 11501000 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 66441000 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 2576000 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 11358000 | OtherExpensePriorYear |
| Other Expenses Current Year | 60302000 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 23669000 | TotalExpensesPriorYear |
| Total Expenses Current Year | 198533000 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -17338000 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 9896000 | RevenuesLessExpensesCY |
| Total Assets BOY | 270180000 | TotalAssetsBOY |
| Total Assets EOY | 289017000 | TotalAssetsEOY |
| Total Liabilities BOY | 195707000 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 206591000 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 74473000 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 82426000 | NetAssetsOrFundBalancesEOY |
| Mission Description | 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. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 141326000 | Expense |
| Grants | 71790000 | Grants |
| Revenue | 150832000 | Revenue |
| Description | INSTRUCTION AND RESEARCH INCLUDING ACTIVITIES SERVING STUDENTS AT UNDERGRADUATE THROUGH DOCTORAL LEVEL IN ENGINEERING AND APPLIED SCIENCES. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 22095000 | Expense |
| Description | STUDENT SERVICE AND ACADEMIC SUPPORT SERVING STUDENTS INCLUDING PLACEMENT, TUTORING, ATHLETIC AND SOCIAL ACTIVITIES. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 11006000 | Expense |
| Revenue | 6203000 | Revenue |
| Description | AUXILIARY ENTERPRISES AND SPECIAL PROGRAMS INCLUDING DORMITORY. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 174427000 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 1 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 1 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 248 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 2723 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 1 | ForeignFinancialAccount |
| Name Of Foreign Country | CJ | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Excess Business Holdings | 0 | ExcessBusinessHoldings |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 26 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 25 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 1 | InvestmentInJointVenture |
| Written Policy Or Procedure | 1 | WrittenPolicyOrProcedure |
| Own Website | X | OwnWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DENNIS DINTINO | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 7182603026 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 15 METROTECH CENTER | AddressLine1 |
| City | BROOKLYN | City |
| State | NY | State |
| ZIP Code | 112012990 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (44 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Average Hours Per Week RelatedAverageHoursPerWeekRelated | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|---|
| 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 | 0 | 0 | ||||
| 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 | ||||
| RANDY FREY | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| WILLIAM FRIEND | |||||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||||
| JOHN SEXTON | |||||||||
| EX-OFFICIO TRUSTEE | 1.00 | X | 0 | 1303719 | 202965 | 70.00 | |||
| DAVID MCLAUGHLIN | |||||||||
| EX-OFFICIO TRUSTEE | 1.00 | X | 0 | 598619 | 37601 | 50.00 | |||
| BONNIE BRIER | |||||||||
| EX-OFFICIO TRUSTEE | 1.00 | X | 0 | 690617 | 37601 | 50.00 | |||
| JERRY HULTIN | |||||||||
| PRESIDENT (END DATE: 10/10/12) | 35.00 | X | X | 463000 | 0 | 204694 | |||
| KATEPALLI SREENIVASAN | |||||||||
| PRESIDENT (START DATE: 11/10/12) | 35.00 | X | X | 0 | 462861 | 31757 | 35.00 | ||
| MICHAEL KAPPAZ | |||||||||
| TRESURER (END DATE: 01/13/13) | 1.00 | X | X | 0 | 0 | 0 | |||
| RICHARD FISHBEIN | |||||||||
| TREASURER (START DATE: 02/14/13) | 1.00 | X | X | 0 | 0 | 0 | |||
| RUDOLPH L WYNTER | |||||||||
| SECRETARY | 1.00 | X | X | 0 | 0 | 0 | |||
| MARY COWMAN | |||||||||
| ASSOC. PROVOST | 35.00 | 185000 | 0 | 31382 | X | ||||
| KURT BECKER | |||||||||
| ASSOC. PROVOST OF TECH. | 35.00 | 274000 | 0 | 43915 | X | ||||
| DENNIS DINTINO | |||||||||
| VP-FINANCE & BUS. AFFAIRS | 35.00 | 257000 | 0 | 43915 | X | ||||
| ROBERT UBELL | |||||||||
| VP NEW BUS. DEV. | 35.00 | 201000 | 0 | 33129 | X | ||||
| RICHARD THORSEN | |||||||||
| VP EMRTUS ACD. AFFRS. | 35.00 | 175000 | 0 | 37841 | X | ||||
| WALTER ZURAWSKY | |||||||||
| ASSOC. PROVOST | 35.00 | 157000 | 0 | 22010 | X | ||||
| ERICA MARKS | |||||||||
| INTERIM VP FOR DEVELOPMENT | 35.00 | 165000 | 0 | 24564 | X | ||||
| IRAJ KALKHORAN | |||||||||
| DEPT. HEAD OF UNDERGRADUATE ACADEMICS | 35.00 | 213000 | 0 | 22961 | X | ||||
| JONATHAN CHAO | |||||||||
| PROFESSOR | 35.00 | 271000 | 0 | 43915 | X | ||||
| SUNIAL KUMAR | |||||||||
| DEAN OF ENGINEERING | 35.00 | 453000 | 0 | 43887 | X | ||||
| NASIR MEMON | |||||||||
| DEPT. HEAD, COMPUTER SCIENCE & ENGR | 35.00 | 277000 | 0 | 43918 | X | ||||
| KEITH ROSS | |||||||||
| PROFESSOR | 35.00 | 276000 | 0 | 26160 | X | ||||
| CHARLES TAPIERO | |||||||||
| DEPT. HEAD, FINANCE & RISK ENGR | 35.00 | 296000 | 0 | 28257 | X | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 3663000 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 3055816 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 960472 | TotalOtherCompensation |
| Number Individuals GT100 K | 139 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| BEYER BLINDER BELLE ARCHITECTS & PLNRS L | |||||
| 41 E 11TH STREET | NEW YORK | NY | 10003 | CONSTRUCTION CONSULT | 987126 |
| CAULDWELL WINGATE COMPANY LLC | |||||
| 380 LEXINGTON AVENUE | NEW YORK | NY | 10168 | REPAIRS AND MAINTENANCE | 973718 |
| FLAD ARCHITECHTS | |||||
| 800 UNIVERSITY BAY DRIVE | MADISON | WI | 53705 | CONSTRUCTION CONSULTING | 490369 |
| PHILLIPS LYTLE LLP | |||||
| 437 MADISON AVENUE | NEW YORK | NY | 10022 | LEGAL | 482434 |
| KPMG LLP | |||||
| DEPT 0511 POBOX 120001 | DALLAS | TX | 75312 | ACCOUNTING | 359425 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 9 | NumberOfContractorsGT100K |
| Fundraising Events | 480000 | FundraisingEvents |
| Government Grants | 26366000 | GovernmentGrants |
| All Other Contributions | 9344000 | AllOtherContributions |
| Noncash Contributions | 356000 | NoncashContributions |
| Total Contributions | 36190000 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION AND FEES | 900099 | 132310000 | 132310000 |
| FED,ST,& LOCAL GRANTS | 900099 | 18522000 | 18522000 |
| SLS&SVCS OF AUXILIARY | 900099 | 6203000 | 6203000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 157035000 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2266000 | TotalRevenueColumn |
| Exclusion | $2,266,000 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 107000 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 12000 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 95000 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 95000 | TotalRevenueColumn |
| Exclusion | $95,000 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 30644000 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 20073000 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 10571000 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 10571000 | TotalRevenueColumn |
| Exclusion | $10,571,000 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 70000 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 480000 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 173000 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -103000 | TotalRevenueColumn |
| Exclusion | -$103,000 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MISC. INCOME | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 2375000 | TotalRevenueColumn |
| Exclusion | $2,375,000 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 2375000 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 208429000 | TotalRevenueColumn |
| Related Or Exempt Function Income | 157035000 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $15,204,000 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 71790000 | Total |
| Program Services | 71790000 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3774000 | Total |
| Program Services | 2402000 | ProgramServices |
| Management And General | 1207000 | ManagementAndGeneral |
| Fundraising | 165000 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 52799000 | Total |
| Program Services | 46020000 | ProgramServices |
| Management And General | 5641000 | ManagementAndGeneral |
| Fundraising | 1138000 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3043000 | Total |
| Program Services | 2578000 | ProgramServices |
| Management And General | 389000 | ManagementAndGeneral |
| Fundraising | 76000 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3558000 | Total |
| Program Services | 2965000 | ProgramServices |
| Management And General | 506000 | ManagementAndGeneral |
| Fundraising | 87000 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3267000 | Total |
| Program Services | 2767000 | ProgramServices |
| Management And General | 418000 | ManagementAndGeneral |
| Fundraising | 82000 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7955000 | Total |
| Program Services | 6936000 | ProgramServices |
| Management And General | 909000 | ManagementAndGeneral |
| Fundraising | 110000 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 900000 | Total |
| Program Services | 37000 | ProgramServices |
| Management And General | 863000 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 359000 | Total |
| Management And General | 359000 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 43000 | Total |
| Management And General | 43000 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 516000 | Total |
| Management And General | 516000 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 420000 | Total |
| Program Services | 303000 | ProgramServices |
| Management And General | 104000 | ManagementAndGeneral |
| Fundraising | 13000 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 874000 | Total |
| Program Services | 108000 | ProgramServices |
| Management And General | 766000 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10057000 | Total |
| Program Services | 7828000 | ProgramServices |
| Management And General | 1840000 | ManagementAndGeneral |
| Fundraising | 389000 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2655000 | Total |
| Program Services | 2249000 | ProgramServices |
| Management And General | 340000 | ManagementAndGeneral |
| Fundraising | 66000 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8495000 | Total |
| Program Services | 7496000 | ProgramServices |
| Management And General | 999000 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2664000 | Total |
| Program Services | 2267000 | ProgramServices |
| Management And General | 125000 | ManagementAndGeneral |
| Fundraising | 272000 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 770000 | Total |
| Program Services | 683000 | ProgramServices |
| Management And General | 35000 | ManagementAndGeneral |
| Fundraising | 52000 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6084000 | Total |
| Management And General | 6084000 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7465000 | Total |
| Program Services | 7465000 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2549000 | Total |
| Program Services | 2469000 | ProgramServices |
| Management And General | 67000 | ManagementAndGeneral |
| Fundraising | 13000 | Fundraising |
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | FundraisingFundraising | Management And GeneralManagementAndGeneral |
|---|---|---|---|---|
| REPAIR AND MAINTENANCE | 5459000 | 5411000 | 48000 | |
| CLEANING | 1889000 | 1660000 | 38000 | 191000 |
| SECURITY | 1148000 | 993000 | 27000 | 128000 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 198533000 | Total |
| Program Services | 174427000 | ProgramServices |
| Management And General | 21530000 | ManagementAndGeneral |
| Fundraising | 2576000 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2800000 | BOY |
| EOY | 11349000 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3966000 | BOY |
| EOY | 3417000 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1523000 | BOY |
| EOY | 1440000 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6327000 | BOY |
| EOY | 5839000 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15573000 | BOY |
| EOY | 13355000 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 212780000 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 83207000 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 121877000 | BOY |
| EOY | 129573000 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 52573000 | BOY |
| EOY | 50284000 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 58264000 | BOY |
| EOY | 66483000 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7277000 | BOY |
| EOY | 7277000 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 270180000 | BOY |
| EOY | 289017000 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 40036000 | BOY |
| EOY | 31805000 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1841000 | BOY |
| EOY | 1885000 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15600000 | BOY |
| EOY | 19463000 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 103132000 | BOY |
| EOY | 101031000 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6011000 | BOY |
| EOY | 6044000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29087000 | BOY |
| EOY | 46363000 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 195707000 | BOY |
| EOY | 206591000 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -17648000 | BOY |
| EOY | -16268000 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10698000 | BOY |
| EOY | 16291000 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 81423000 | BOY |
| EOY | 82403000 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 74473000 | BOY |
| EOY | 82426000 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 270180000 | BOY |
| EOY | 289017000 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 9896000 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | -1943000 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Both | X | FinancialStatementBoth |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | Volunteers |
| Paid Staff Or Management | 0 | PaidStaffOrManagement |
| Media Advertisements | 0 | MediaAdvertisements |
| Mailings Members | 0 | MailingsMembers |
| Publications Or Broadcast | 0 | PublicationsOrBroadcast |
| Grants Other Organizations | 0 | GrantsOtherOrganizations |
| Direct Contact Legislators | 1 | DirectContactLegislators |
| Direct Contact Legislators | $43,000 | DirectContactLegislatorsAmount |
| Rallies Demonstrations | 0 | RalliesDemonstrations |
| Other Activities | 0 | OtherActivities |
| Total Lobbying Expenditures IIB | 43000 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | 0 | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PART IV, SUPPLEMENTAL INFORMATION: | Identifier |
| Explanation | LOBBYING ACTIVITIES ARE PERFORMED FOR THE FURTHERANCE OF THE UNIVERSITY'S RESEARCH MISSION. THE UNIVERSITY CONDUCTS RESEARCH IN ALL FIELDS OF SCIENCE AND ENGINEERING. | Explanation |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 108651000 | BeginningOfYearBalance |
| Contributions | 1418000 | Contributions |
| Investment Earnings Or Losses | 10645000 | InvestmentEarningsOrLosses |
| Other Expenditures | 5842000 | OtherExpenditures |
| Administrative Expenses | 476000 | AdministrativeExpenses |
| End Of Year Balance | 114396000 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 106979000 | BeginningOfYearBalance |
| Investment Earnings Or Losses | 2678000 | InvestmentEarningsOrLosses |
| Other Expenditures | 910000 | OtherExpenditures |
| Administrative Expenses | 96000 | AdministrativeExpenses |
| End Of Year Balance | 108651000 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 112827000 | BeginningOfYearBalance |
| Contributions | 938000 | Contributions |
| Investment Earnings Or Losses | -739000 | InvestmentEarningsOrLosses |
| Other Expenditures | 5527000 | OtherExpenditures |
| Administrative Expenses | 520000 | AdministrativeExpenses |
| End Of Year Balance | 106979000 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 97148000 | BeginningOfYearBalance |
| Contributions | 1119000 | Contributions |
| Investment Earnings Or Losses | 18552000 | InvestmentEarningsOrLosses |
| Other Expenditures | 3500000 | OtherExpenditures |
| Administrative Expenses | 492000 | AdministrativeExpenses |
| End Of Year Balance | 112827000 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 91525000 | BeginningOfYearBalance |
| Contributions | 42000 | Contributions |
| Investment Earnings Or Losses | 10668000 | InvestmentEarningsOrLosses |
| Other Expenditures | 4601000 | OtherExpenditures |
| Administrative Expenses | 486000 | AdministrativeExpenses |
| End Of Year Balance | 97148000 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.01780 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.98220 | PermanentEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2402000 | OtherCostOrOtherBasis |
| Book Value | 2402000 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 125086000 | OtherCostOrOtherBasis |
| Depreciation | 34353000 | Depreciation |
| Book Value | 90733000 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 59181000 | OtherCostOrOtherBasis |
| Depreciation | 27332000 | Depreciation |
| Book Value | 31849000 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 26111000 | OtherCostOrOtherBasis |
| Depreciation | 21522000 | Depreciation |
| Book Value | 4589000 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 129573000 | TotalOfBookValueLandBuildings |
Financial Derivatives FinancialDerivatives
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | 16654000 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
Closely Held Equity Interests CloselyHeldEquityInterests
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | 49829000 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 66483000 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| LOAN FROM NYU | $41,273,000 |
| US GOVERNMENT REFUNDABLE GRANT | $3,427,000 |
| ASSETS RETIREMENT OBLIGATION | $1,663,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 46363000 | TotalOfAmounts |
| Tot Revenue Etc Audited Fincl Stmt | 134365000 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -1943000 | NetUnrealizedGainsInvestments |
| Other Revenues | -71790000 | OtherRevenues |
| Revenue Not Rptd F990 | -73733000 | RevenueNotRptdF990 |
| Revenue Subtotal | 208098000 | RevenueSubtotal |
| Investment Expenses Not Included | 516000 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | -185000 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 331000 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 208429000 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 126412000 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 185000 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 185000 | ExpensesNotRptdF990 |
| Expenses Subtotal | 126227000 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 516000 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 71790000 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 72306000 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 198533000 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (5 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | FINANCIAL AID/ GOVERNMENT GRANTS |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | INCLUDING RENTAL EXPENSES-12,000 AND FUNDRAISING COSTS -173,000 |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | INCLUDING RENTAL EXPENSES -12,000 AND FUNDRAISING COST -173,000 |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID/ GOVERNMENT GRANTS |
| PART V, LINE 4 - INTENDED USES FOR ENDOWMENT FUNDS THE ORGANIZATION'S ENDOWMENT FUNDS ARE FOR SCHOLARSHIPS, ACADEMIC SUPPORT, AND GENERAL OPERATIONS. PART X LIABILITY UNDER FIN 48 FOOTNOTE EFFECTIVE JULY 1, 2007, THE UNIVERSITY ADOPTED FASB INTERPRETATION NO. 48 (FIN 48), ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES - AN INTERPRETATION OF FASB STATEMENT NO. 199. FIN 48 CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAX RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. FIN 48 REQUIRES ENTITIES TO DETERMINE WHETHER IT IS MORE LIKELY THAN NOT THAT A TAX POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITIES BEFORE ANY PART OF THE BENEFIT CAN BE RECORDED IN THE FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE ON THE RECOGNITION, MEASUREMENT, AND CLASSIFICATION OF INCOME TAX CERTAINTIES, ALONG WITH RELATED INTEREST OR PENALTIES. A TAX POSITION IS MEASURED AT THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAT FIFTY PERCENT LIKELY OF BEING REALIZED UPON SETTLEMENT. THE ADOPTION OF FIN 48 HAD NO IMPACT ON THE UNIVERSITY'S FINANCIAL STATEMENTS. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | 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 FEDERAL GOVERNMENT'S TITLE IV PROGRAM. |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | CENTRAL AMERICA AND THE CARIBBEAN | Region |
| Number Of Offices | 0 | NumberOfOffices |
| Number Of Employees | 0 | NumberOfEmployees |
| Type Of Activities Conducted | INVESTMENTS | TypeOfActivitiesConducted |
| Total Expenditures | 19768000 | TotalExpenditures |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 0 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 0 | SubtotalNumberOfEmployees |
| Cont Number Of Offices | 0 | ContNumberOfOffices |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 0 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 19768000 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 19768000 | TotalAmountSpent |
| Transfer To Foreign Corp | 0 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 0 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | FUNDRAISING GALA | NameOfEvent1 |
| Gross Receipts Event1 | 550000 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 480000 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 70000 | GrossRevenueEvent1 |
| Rent Facility Costs Event1 | 66000 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 55000 | FoodAndBeverageEvent1 |
| Entertainment Event1 | 19000 | EntertainmentEvent1 |
| Other Direct Expenses Event1 | 33000 | OtherDirectExpensesEvent1 |
| Gross Receipts Total | 550000 | GrossReceiptsTotal |
| Charitable Contributions Total | 480000 | CharitableContributionsTotal |
| Gross Revenue Total Events | 70000 | GrossRevenueTotalEvents |
| Rent Facility Costs Total Events | 66000 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 55000 | FoodAndBeverageTotalEvents |
| Entertainment Total Events | 19000 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 33000 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 173000 | DirectExpenseSummaryEvents |
| Net Income Summary | -103000 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 0 | RecordsMaintained |
| Total Nbr Of501 C3 And Govt Grants | 0 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 0 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | SCHOLARSHIPS | TypeOfGrant |
| Number Of Recipients | 4110 | NumberOfRecipients |
| Amount Of Cash Grant | 71790000 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PART I, LINE 2 | Identifier |
| Return Reference | PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS | ReturnReference |
| Explanation | 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 INSTITUTIONAL 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, ELIGIBILITY, 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. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (18 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JOHN SEXTON | ||||||||||||||
| EX-OFFICIO TRUSTEE | 0 | 1240614 | 0 | 0 | 0 | 63105 | 0 | 102200 | 0 | 100765 | 0 | 1506684 | 0 | 0 |
| DAVID MCLAUGHLIN | ||||||||||||||
| EX-OFFICIO TRUSTEE | 0 | 598619 | 0 | 0 | 0 | 0 | 0 | 25000 | 0 | 12601 | 0 | 636220 | 0 | 0 |
| BONNIE BRIER | ||||||||||||||
| EX-OFFICIO TRUSTEE | 0 | 584624 | 0 | 105993 | 0 | 0 | 0 | 25000 | 0 | 12601 | 0 | 728218 | 0 | 0 |
| JERRY HULTIN | ||||||||||||||
| PRESIDENT (END DATE: 10/10/12) | 463000 | 0 | 0 | 0 | 0 | 0 | 25500 | 0 | 179194 | 0 | 667694 | 0 | 0 | 0 |
| KATEPALLI SREENIVASAN | ||||||||||||||
| PRESIDENT (START DATE: 11/10/12) | 0 | 462861 | 0 | 0 | 0 | 0 | 0 | 25000 | 0 | 6757 | 0 | 494618 | 0 | 0 |
| MARY COWMAN | ||||||||||||||
| ASSOC. PROVOST | 185000 | 0 | 0 | 0 | 0 | 0 | 20179 | 0 | 11203 | 0 | 216382 | 0 | 0 | 0 |
| KURT BECKER | ||||||||||||||
| ASSOC. PROVOST OF TECH. | 274000 | 0 | 0 | 0 | 0 | 0 | 25500 | 0 | 18415 | 0 | 317915 | 0 | 0 | 0 |
| DENNIS DINTINO | ||||||||||||||
| VP-FINANCE & BUS. AFFAIRS | 257000 | 0 | 0 | 0 | 0 | 0 | 25500 | 0 | 18415 | 0 | 300915 | 0 | 0 | 0 |
| ROBERT UBELL | ||||||||||||||
| VP NEW BUS. DEV. | 201000 | 0 | 0 | 0 | 0 | 0 | 23265 | 0 | 9864 | 0 | 234129 | 0 | 0 | 0 |
| RICHARD THORSEN | ||||||||||||||
| VP EMRTUS ACD. AFFRS. | 175000 | 0 | 0 | 0 | 0 | 0 | 19407 | 0 | 18434 | 0 | 212841 | 0 | 0 | 0 |
| WALTER ZURAWSKY | ||||||||||||||
| ASSOC. PROVOST | 157000 | 0 | 0 | 0 | 0 | 0 | 16508 | 0 | 5502 | 0 | 179010 | 0 | 0 | 0 |
| ERICA MARKS | ||||||||||||||
| INTERIM VP FOR DEVELOPMENT | 165000 | 0 | 0 | 0 | 0 | 0 | 16183 | 0 | 8381 | 0 | 189564 | 0 | 0 | 0 |
| IRAJ KALKHORAN | ||||||||||||||
| DEPT. HEAD OF UNDERGRADUATE ACADEMIC | 213000 | 0 | 0 | 0 | 0 | 0 | 22301 | 0 | 660 | 0 | 235961 | 0 | 0 | 0 |
| JONATHAN CHAO | ||||||||||||||
| PROFESSOR | 271000 | 0 | 0 | 0 | 0 | 0 | 25500 | 0 | 18415 | 0 | 314915 | 0 | 0 | 0 |
| SUNIAL KUMAR | ||||||||||||||
| DEAN OF ENGINEERING | 453000 | 0 | 0 | 0 | 0 | 0 | 25500 | 0 | 18387 | 0 | 496887 | 0 | 0 | 0 |
| NASIR MEMON | ||||||||||||||
| DEPT. HEAD, COMPUTER SCIENCE & ENGR | 277000 | 0 | 0 | 0 | 0 | 0 | 25500 | 0 | 18418 | 0 | 320918 | 0 | 0 | 0 |
| KEITH ROSS | ||||||||||||||
| PROFESSOR | 276000 | 0 | 0 | 0 | 0 | 0 | 25500 | 0 | 660 | 0 | 302160 | 0 | 0 | 0 |
| CHARLES TAPIERO | ||||||||||||||
| DEPT. HEAD, FINANCE & RISK ENGR | 296000 | 0 | 0 | 0 | 0 | 0 | 25500 | 0 | 2757 | 0 | 324257 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| PART I, LINE 1A | ONE OFFICER RECEIVED UNIVERSITY HOUSING WITHOUT CHARGE. THE HOUSING QUALIFIED FOR EXCLUSION FROM INCOME UNDER IRC 119. |
| PART I, LINE 4B | NYU 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 AND AS PRESIDENT OF THE UNIVERSITY). THE $77,200 ALLOCABLE TO CALENDAR YEAR 2012 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 OR IN ANY POST-PRESIDENT EMPLOYMENT WITH NYU- IS REDUCED BY THE SERP ANNUAL PAYMENTS. FOR EXAMPLE, SO LONG AS PRESIDENT SEXTON REMAINS AS PRESIDENT, HE WILL NOT RECEIVE ANY ECONOMIC BENEFIT FROM THE SERP ANNUAL PAYMENTS BECAUSE EVERY DOLLAR FROM THE SERP ANNUAL PAYMENTS WILL REDUCE HIS SALARY AS PRESIDENT. |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NYC INDUSTRIAL DEVELOPMENT AGENCY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 132906040 | IssuerEIN |
| CUSIP Number | 649438EP9 | CUSIPNumber |
| Date Issued | 2007-06-28 | DateIssued |
| Issue Price | 105368846 | IssuePrice |
| Description Of Purpose | TO REFUND BOND ISSUE | DescriptionOfPurpose |
| Defeased | 1 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Pool Financing | 0 | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Total Proceeds | 105368846 | TotalProceeds |
| Amount In Reserve Fund | 7193481 | AmountInReserveFund |
| Refunding Escrow | 89333603 | RefundingEscrow |
| Issuance Costs From Proceeds | 8841762 | IssuanceCostsFromProceeds |
| Current Refunding | 1 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 1 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 1 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 0 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 0 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Bond Iss Meet Prvt Security Pay Test | 0 | BondIssMeetPrvtSecurityPayTest |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedProp |
| Non Qualified Bond Remed Procdrs | 0 | NonQualifiedBondRemedProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | 0 | Form8038TFiled |
| Rebate Not Due Yet | 0 | RebateNotDueYet |
| Exception To Rebate | 1 | ExceptionToRebate |
| No Rebate Due | 0 | NoRebateDue |
| Variable Rate Issue | 0 | VariableRateIssue |
| Hedge Identified In Books And Recds | 0 | HedgeIdentifiedInBooksAndRecds |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Written Proc To Monitor Reqs | 0 | WrittenProcToMonitorReqs |
Form990 Schedule K Part V Form990ScheduleKPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Proc To Undertk Corrective Action | 0 | ProcToUndertkCorrectiveAction |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 20 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 356000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | MARKET PRICE | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| 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. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (3 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Direct Controlling Entity NADirectControllingEntityNA | Controlled OrgControlledOrg |
|---|---|---|---|---|---|---|---|---|---|---|
| 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) | 0 | ||
Form990 Schedule R Part III Form990ScheduleRPartIII (4 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Direct Controlling Entity NADirectControllingEntityNA | Predominant Income TypePredominantIncomeType | Share Of Total IncomeShareOfTotalIncome | Share Of EOY AssetsShareOfEOYAssets | Disproportionate AllocationsDisproportionateAllocations | Code VCodeVAmount | General Or Managing PartnerGeneralOrManagingPartner | Percentage OwnershipPercentageOwnership |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NYC SEED LLC | |||||||||||||
| 6 METROTECH CENTER | BROOKLYN | NY | 11201 | INVESTMENT | DE | N/A | INVESTMENT | 1150000 | 2828000 | 0 | $175 | 0 | 0.42300 |
| SYNTHEZYME LLC | |||||||||||||
| 6 METROTECH CENTER | BROOKLYN | NY | 11201 | BIOCATALYST | NY | N/A | BIO RESEARCH | 22000 | -146000 | 0 | $76 | 0 | 0.50000 |
| SEEDSTART 2010 | |||||||||||||
| 6 METROTECH CENTER | BROOKLYN | NY | 11201 | INVESTMENT | DE | N/A | INVESTMENT | -1000 | 25000 | 0 | $578 | 0 | 0.08460 |
| SEEDSTART 2011 | |||||||||||||
| 6 METROTECH CENTER | BROOKLYN | NY | 11201 | INVESTMENT | DE | N/A | INVESTMENT | -5000 | 34000 | 0 | $2,929 | 0 | 0.08460 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 1 | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | 0 | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 1 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 1 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 1 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |