2014-07-10T09:48:58-05:00 2013-08-31 990 2012-09-01 111630820 POLYTECHNIC INSTITUTE OF NEW YORK UNIVERSITY POLY 7182604000 6 METROTECH CENTER BROOKLYN NY 11201 KATEPALLI SREENIVASAN 7182603166 2014-07-10 2012 2016-03-07 17:11:31Z KATEPALLI SREENIVASAN 6 METROTECH CENTER BROOKLYN NY 11201 228687000 0 X WWW.POLY.EDU X 1854 NY PRIVATE CO-EDUCATIONAL INSTITUTION WITH PROGRAMS IN ENGR & TECH, APPLIED SCIENCE & MGMT. 26 25 2723 0 0 0 863000 36190000 5998000 157035000 -580000 12837000 50000 2367000 6331000 208429000 810000 71790000 0 0 11501000 66441000 0 0 2576000 11358000 60302000 23669000 198533000 -17338000 9896000 270180000 289017000 195707000 206591000 74473000 82426000 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 141326000 71790000 150832000 INSTRUCTION AND RESEARCH INCLUDING ACTIVITIES SERVING STUDENTS AT UNDERGRADUATE THROUGH DOCTORAL LEVEL IN ENGINEERING AND APPLIED SCIENCES. 22095000 STUDENT SERVICE AND ACADEMIC SUPPORT SERVING STUDENTS INCLUDING PLACEMENT, TUTORING, ATHLETIC AND SOCIAL ACTIVITIES. 11006000 6203000 AUXILIARY ENTERPRISES AND SPECIAL PROGRAMS INCLUDING DORMITORY. 174427000 1 0 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 1 1 1 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 248 0 1 2723 1 0 1 CJ 0 0 0 0 0 0 0 0 0 X 26 25 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 1 X X DENNIS DINTINO 7182603026 15 METROTECH CENTER BROOKLYN NY 112012990 RALPH C ALEXANDER 1.00 X X 0 0 0 DANIEL BERRY 1.00 X 0 0 0 CURTIS BRUNSON 1.00 X 0 0 0 AVIVA D BUDD 1.00 X 0 0 0 BERNIE BULKIN 1.00 X 0 0 0 GERALD W DAWES 1.00 X 0 0 0 CHARLES FABRIKANT 1.00 X 0 0 0 SUNIL GODHWANI 1.00 X 0 0 0 CHARLES J HINKATY 1.00 X 0 0 0 PAUL M HORN 1.00 X 0 0 0 CHRISTINE IANUZZI 1.00 X 0 0 0 LAWRENCE W KATZ 1.00 X 0 0 0 WILLIAM K KRAMER 1.00 X 0 0 0 JEFFREY H LYNFORD 1.00 X X 0 0 0 CRAIG G MATTHEWS 1.00 X 0 0 0 CHARLES J HINKATY 1.00 X 0 0 0 JOHN SCHAEFER 1.00 X 0 0 0 JAMES M SMITH 1.00 X 0 0 0 JOSEPH S STEINBERG 1.00 X 0 0 0 ROBERT TSAO 1.00 X 0 0 0 FRED WILSON 1.00 X 0 0 0 RANDY FREY 1.00 X 0 0 0 WILLIAM FRIEND 1.00 X 0 0 0 JOHN SEXTON 1.00 70.00 X 0 1303719 202965 DAVID MCLAUGHLIN 1.00 50.00 X 0 598619 37601 BONNIE BRIER 1.00 50.00 X 0 690617 37601 JERRY HULTIN 35.00 X X 463000 0 204694 KATEPALLI SREENIVASAN 35.00 35.00 X X 0 462861 31757 MICHAEL KAPPAZ 1.00 X X 0 0 0 RICHARD FISHBEIN 1.00 X X 0 0 0 RUDOLPH L WYNTER 1.00 X X 0 0 0 MARY COWMAN 35.00 X 185000 0 31382 KURT BECKER 35.00 X 274000 0 43915 DENNIS DINTINO 35.00 X 257000 0 43915 ROBERT UBELL 35.00 X 201000 0 33129 RICHARD THORSEN 35.00 X 175000 0 37841 WALTER ZURAWSKY 35.00 X 157000 0 22010 ERICA MARKS 35.00 X 165000 0 24564 IRAJ KALKHORAN 35.00 X 213000 0 22961 JONATHAN CHAO 35.00 X 271000 0 43915 SUNIAL KUMAR 35.00 X 453000 0 43887 NASIR MEMON 35.00 X 277000 0 43918 KEITH ROSS 35.00 X 276000 0 26160 CHARLES TAPIERO 35.00 X 296000 0 28257 3663000 3055816 960472 139 0 1 0 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 9 480000 26366000 9344000 356000 36190000 TUITION AND FEES 900099 132310000 132310000 FED,ST,& LOCAL GRANTS 900099 18522000 18522000 SLS&SVCS OF AUXILIARY 900099 6203000 6203000 157035000 2266000 2266000 107000 12000 95000 95000 95000 30644000 20073000 10571000 10571000 10571000 70000 480000 173000 -103000 -103000 MISC. INCOME 900099 2375000 2375000 2375000 208429000 157035000 0 15204000 71790000 71790000 3774000 2402000 1207000 165000 52799000 46020000 5641000 1138000 3043000 2578000 389000 76000 3558000 2965000 506000 87000 3267000 2767000 418000 82000 7955000 6936000 909000 110000 900000 37000 863000 359000 359000 43000 43000 516000 516000 420000 303000 104000 13000 874000 108000 766000 10057000 7828000 1840000 389000 2655000 2249000 340000 66000 8495000 7496000 999000 2664000 2267000 125000 272000 770000 683000 35000 52000 6084000 6084000 7465000 7465000 2549000 2469000 67000 13000 REPAIR AND MAINTENANCE 5459000 5411000 48000 CLEANING 1889000 1660000 191000 38000 SECURITY 1148000 993000 128000 27000 198533000 174427000 21530000 2576000 2800000 11349000 3966000 3417000 1523000 1440000 6327000 5839000 15573000 13355000 212780000 83207000 121877000 129573000 52573000 50284000 58264000 66483000 7277000 7277000 270180000 289017000 40036000 31805000 1841000 1885000 15600000 19463000 103132000 101031000 6011000 6044000 29087000 46363000 195707000 206591000 X -17648000 -16268000 10698000 16291000 81423000 82403000 74473000 82426000 270180000 289017000 9896000 -1943000 0 X 0 1 X 1 1 1 X 0 0 0 0 0 0 1 43000 0 0 43000 0 PART IV, SUPPLEMENTAL INFORMATION: LOBBYING ACTIVITIES ARE PERFORMED FOR THE FURTHERANCE OF THE UNIVERSITY'S RESEARCH MISSION. THE UNIVERSITY CONDUCTS RESEARCH IN ALL FIELDS OF SCIENCE AND ENGINEERING. 108651000 1418000 10645000 5842000 476000 114396000 106979000 2678000 910000 96000 108651000 112827000 938000 -739000 5527000 520000 106979000 97148000 1119000 18552000 3500000 492000 112827000 91525000 42000 10668000 4601000 486000 97148000 0.01780 0.98220 0 0 2402000 2402000 125086000 34353000 90733000 59181000 27332000 31849000 26111000 21522000 4589000 129573000 16654000 F 49829000 F 66483000 LOAN FROM NYU 41273000 US GOVERNMENT REFUNDABLE GRANT 3427000 ASSETS RETIREMENT OBLIGATION 1663000 46363000 134365000 -1943000 -71790000 -73733000 208098000 516000 -185000 331000 208429000 126412000 185000 185000 126227000 516000 71790000 72306000 198533000 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. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 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. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 19768000 0 0 0 0 0 0 19768000 0 19768000 0 0 0 0 0 0 FUNDRAISING GALA 550000 480000 70000 66000 55000 19000 33000 550000 480000 70000 66000 55000 19000 33000 173000 -103000 0 0 0 SCHOLARSHIPS 4110 71790000 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 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. X 1 1 X X X X 0 1 0 0 0 0 0 0 0 JOHN SEXTON 0 1240614 0 0 0 63105 0 102200 0 100765 0 1506684 0 0 DAVID MCLAUGHLIN 0 598619 0 0 0 0 0 25000 0 12601 0 636220 0 0 BONNIE BRIER 0 584624 0 105993 0 0 0 25000 0 12601 0 728218 0 0 JERRY HULTIN 463000 0 0 0 0 0 25500 0 179194 0 667694 0 0 0 KATEPALLI SREENIVASAN 0 462861 0 0 0 0 0 25000 0 6757 0 494618 0 0 MARY COWMAN 185000 0 0 0 0 0 20179 0 11203 0 216382 0 0 0 KURT BECKER 274000 0 0 0 0 0 25500 0 18415 0 317915 0 0 0 DENNIS DINTINO 257000 0 0 0 0 0 25500 0 18415 0 300915 0 0 0 ROBERT UBELL 201000 0 0 0 0 0 23265 0 9864 0 234129 0 0 0 RICHARD THORSEN 175000 0 0 0 0 0 19407 0 18434 0 212841 0 0 0 WALTER ZURAWSKY 157000 0 0 0 0 0 16508 0 5502 0 179010 0 0 0 ERICA MARKS 165000 0 0 0 0 0 16183 0 8381 0 189564 0 0 0 IRAJ KALKHORAN 213000 0 0 0 0 0 22301 0 660 0 235961 0 0 0 JONATHAN CHAO 271000 0 0 0 0 0 25500 0 18415 0 314915 0 0 0 SUNIAL KUMAR 453000 0 0 0 0 0 25500 0 18387 0 496887 0 0 0 NASIR MEMON 277000 0 0 0 0 0 25500 0 18418 0 320918 0 0 0 KEITH ROSS 276000 0 0 0 0 0 25500 0 660 0 302160 0 0 0 CHARLES TAPIERO 296000 0 0 0 0 0 25500 0 2757 0 324257 0 0 0 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. A NYC INDUSTRIAL DEVELOPMENT AGENCY 132906040 649438EP9 2007-06-28 105368846 TO REFUND BOND ISSUE 1 0 0 A 105368846 7193481 89333603 8841762 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 1 0 0 0 0 0 0 A 0 X 20 356000 MARKET PRICE 0 0 0 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. 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. 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