2013-08-21T12:16:48-05:00 2012-06-30 990 2011-07-01 111630820 POLYTECHNIC INSTITUTE OF NEW YORK UNIVERSITY POLY 7182604000 6 METROTECH CENTER BROOKLYN NY 11201 DENNIS DINTINO 7182603026 2013-08-21 2011 2016-02-24 21:20:13Z JERRY HULTIN 6 METROTECH CENTER BROOKLYN NY 11201 210126000 0 X WWW.POLY.EDU X 1854 NY 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 SCIENCE AND MANAGEMENT. 26 24 2623 0 0 0 38025000 37496000 131723000 139531000 4210000 6243000 1709000 709000 175667000 183979000 66217000 68052000 0 0 61484000 68283000 0 0 3023000 50863000 51042000 178564000 187377000 -2897000 -3398000 262874000 266949000 164215000 178478000 98659000 88471000 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 129148000 68052000 133629000 INSTRUCTION AND RESEARCH INCLUDING ACTIVITIES SERVING STUDENTS AT UNDERGRDUATE THROUGH DOCTORAL LEVEL IN ENGINEERING AND APPLIED SCIENCES. 22435000 STUDENT SERVICE AND ACADEMIC SUPPORT SERVING STUDENTS INCLUDING PLACEMENT, TUTORING, ATHLETIC AND SOCIAL ACTIVITIES. 10637000 5902000 AUXILARY ENTERPRISES AND SPECIAL PROGRAMS INCLUDING DORMITORY. 162220000 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 0 1 236 0 1 2623 1 0 1 CJ 0 0 0 0 0 0 0 0 0 X 26 24 0 0 0 0 1 1 1 1 1 0 0 1 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 0 0 0 DANIEL H BERRY 1.00 X 0 0 0 JOHN P SCHAEFER 1.00 X 0 0 0 AVIVA DBUDD 1.00 X 0 0 0 BERNIE BULKIN 1.00 X 0 0 0 GERALD WDAWES 1.00 X 0 0 0 CHARLES FABRIKANT 1.00 X 0 0 0 RICHARD FISHBEIN 1.00 X 0 0 0 RANDY W FREY 1.00 X 0 0 0 WILLIAM L FRIEND 1.00 X 0 0 0 SUNIL GODHWANI 1.00 X 0 0 0 CHARLES J HINKATY 1.00 X 0 0 0 CHRISTINE IANUZZI 1.00 X 0 0 0 MICHAEL HKAPPAZ 1.00 X 0 0 0 LAWRENCE W KATZ 1.00 X 0 0 0 WILLIAM KKRAMER 1.00 X 0 0 0 JEFFREY HLYNFORD 1.00 X 0 0 0 CRAIG GMATTHEWS 1.00 X 0 0 0 MARK H RONALD 1.00 X 0 0 0 JAMES M SMITH 1.00 X 0 0 0 JOSEPH SSTEINBERG 1.00 X 0 0 0 ROBERT TSAO 1.00 X 0 0 0 FRED WILSON 1.00 X 0 0 0 RUDOLPH L WYNTER 1.00 X 0 0 0 JERRY HULTIN 35.00 X X 419000 0 202000 PAUL M HORN 1.00 X 337043 0 16985 DENNIS DINTINO 35.00 X 234000 0 35000 MARY COWMAN 35.00 X 168000 0 30000 KURT BECKER 35.00 X 266000 0 36000 BARBARA NOSEWORTHY 35.00 X 265000 0 25000 ROBERT UBELL 35.00 X 190000 0 31000 RICHARD THORSEN 35.00 X 175000 0 28000 JI MI CHOI 35.00 X 169000 0 22000 WALTER ZURAWSKY 35.00 X 151000 0 21000 SUNIL KUMAR 35.00 X 546000 0 29000 SHIVENDRA PANWAR 35.00 X 288000 0 35000 KEITH ROSS 35.00 X 282000 0 34000 JONATHAN CHAO 35.00 X 263000 0 38000 ERIC KUNHARDT 35.00 X 314000 0 30000 4067043 0 612985 119 0 1 0 BEYER BLINDER BELLE ARCHITECTS & PLNRS L 41 E 11TH STREET NEW YORK NY 10003 CONSTRUCTION CONSULT 458000 STRAUB & POKOTYLO 788 SHREWSBURY AVE TINTON FALLS NJ 07724 LEGAL CONSULTING 367000 PROSKAUER ROSE LLP 11 TIMES SQUARE NEW YORK NY 10036 LEGAL CONSULTING 352000 KPMG LLP POBOX 120001 DALLAS TX 75312 ACCOUNTING 343000 NOUVEAU ELEVATOR INDUSTRIES 74 CAYLER STREET BROOKLYN NY 11222 REPAIR & MAINTENANCE 283000 10 544000 27431000 9521000 28000 37496000 TUITION AND FEES 900099 118571000 118571000 FED,ST,& LOCAL GRANTS 900099 15058000 15058000 SLS&SVCS OF AUXILIARY 900099 5902000 5902000 139531000 2977000 2977000 91000 12000 79000 79000 79000 29260000 25994000 3266000 3266000 3266000 82000 544000 141000 -59000 -59000 MISCELLANEOUS EXPENSE 900099 689000 689000 689000 183979000 139531000 0 6952000 68052000 68052000 3730000 2468000 997000 265000 49274000 43246000 4908000 1120000 4913000 4235000 550000 128000 6945000 5968000 797000 180000 3421000 2949000 383000 89000 2970000 2422000 368000 180000 959000 44000 915000 386000 386000 97000 97000 551000 551000 448000 258000 183000 7000 1076000 130000 944000 2000 8694000 6766000 1586000 342000 2361000 2035000 265000 61000 5331000 4737000 594000 2809000 2194000 218000 397000 894000 735000 96000 63000 6036000 6036000 6355000 6355000 2459000 2378000 68000 13000 REPAIR AND MAINTENANCE 2575000 2311000 222000 42000 NONDURABLE ASSET EXPEND 2402000 2181000 147000 74000 CLEANING 1814000 1614000 162000 38000 SECURITY 1012000 885000 105000 22000 1813000 257000 1556000 187377000 162220000 22134000 3023000 890000 1165000 3094000 4094000 1867000 1229000 6368000 6357000 14174000 16888000 195467000 74646000 114124000 120821000 57984000 58373000 57096000 50745000 7277000 7277000 262874000 266949000 37664000 38930000 1284000 772000 1204000 2370000 105146000 103141000 5899000 6002000 13018000 27263000 164215000 178478000 X 8107000 -2247000 9532000 9296000 81020000 81422000 98659000 88471000 262874000 266949000 X -3398000 -6790000 X 0 1 1 X 1 1 X 0 0 0 0 0 0 1 97000 0 0 97000 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. 112827000 938000 -739000 5527000 520000 106979000 97148000 1119000 18552000 3500000 492000 112827000 91525000 42000 10668000 4601000 486000 97148000 124338000 501000 -19729000 13022000 563000 91525000 0.01010 0.98990 0 0 2402000 2402000 125086000 31582000 93504000 44057000 22938000 21119000 23922000 20126000 3796000 120821000 11291000 F 39454000 F 50745000 LOAN FROM NYU 22137000 US GOVERNMENT REFUNDABLE GRANT 3479000 ASSETS RETIREMENT OBLIGATION 1647000 27263000 183979000 187377000 -3398000 -6790000 -6790000 -10188000 109185000 -6790000 -67606000 -74396000 183581000 551000 -153000 398000 183979000 119373000 153000 153000 119220000 551000 67606000 68157000 187377000 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. PART XII, LINE 2D - REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER FINANCIAL AID/GOVERNMENT GRANTS $ -67,606,000 PART XII, LINE 4B - REVENUE AMOUNTS INCLUDED ON RETURN - OTHER INCLUDING RENTAL EXPENSES - 12,000 AND FUNDRAISING COSTS 141,000 $ -153,000 PART XIII, LINE 2D - EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER INCLUDING RENTAL EXPENSES 12,000 AND FUNDRAISING COSTS 141,000 PART XIII, LINE 4B - EXPENSE AMOUNTS INCLUDED ON RETURN - OTHER FINANCIAL AID/GOVERNMENT GRANTS $ 67,606,000 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. 1 MIDDLE EAST AND NORTH AFRICA 0 1 PROGRAM SERVICES EDUCATIONAL SERVICE 47000 CENTRAL AMERICA AND THE CARIBBEAM 0 0 INVESTMENTS 15636000 0 1 0 0 0 1 15683000 0 15683000 0 0 0 0 0 0 FUNDRAISING GALA 626000 544000 82000 39000 50000 17000 35000 626000 544000 82000 39000 50000 17000 35000 141000 -59000 1 SCHOLARSHIPS 5904 68052000 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 (FASFA). 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 0 0 0 0 0 0 0 0 JERRY HULTIN 419000 0 0 0 0 0 24000 0 178000 0 621000 0 0 0 PAUL M HORN 337043 0 0 0 0 0 16852 0 133 0 354028 0 0 0 DENNIS DINTINO 219000 0 15000 0 0 0 23000 0 12000 0 269000 0 0 0 MARY COWMAN 168000 0 0 0 0 0 18000 0 12000 0 198000 0 0 0 KURT BECKER 266000 0 0 0 0 0 25000 0 11000 0 302000 0 0 0 BARBARA NOSEWORTHY 265000 0 0 0 0 0 24000 0 1000 0 290000 0 0 0 ROBERT UBELL 190000 0 0 0 0 0 20000 0 11000 0 221000 0 0 0 RICHARD THORSEN 175000 0 0 0 0 0 15000 0 13000 0 203000 0 0 0 JI MI CHOI 159000 0 10000 0 0 0 17000 0 5000 0 191000 0 0 0 WALTER ZURAWSKY 151000 0 0 0 0 0 15000 0 6000 0 172000 0 0 0 SUNIL KUMAR 283000 0 263000 0 0 0 24000 0 5000 0 575000 0 0 0 SHIVENDRA PANWAR 288000 0 0 0 0 0 24000 0 11000 0 323000 0 0 0 KEITH ROSS 282000 0 0 0 0 0 23000 0 11000 0 316000 0 0 0 JONATHAN CHAO 263000 0 0 0 0 0 25000 0 13000 0 301000 0 0 0 ERIC KUNHARDT 314000 0 0 0 0 0 24000 0 6000 0 344000 0 0 0 SUPPLEMENTAL INFORMATION PART III ONE OFFICER RECEIVED HOUSING WITHOUT CHARGE. THE HOUSING QUALIFIED FOR EXCLUSION FROM INCOME UNDER IRC 119. IN THE OTHER, TAX IN ITS ENTIRETY, WAS IMPUTED. NYC INDUSTRIAL DEVELOPMENT AGENCY 132906040 649438EP9 2007-06-28 105368846 REFUND 2000 IDA BONDS, 12/7/2000 1 0 0 105368846 7193481 89333603 8841762 1 0 1 1 X 9 28000 MARKET PRICE 0 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 POWER 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 POWER AS GRANTED UNDER STATE LAW FORM 990, PART VI, SECTION A, LINE 7B NEW YORK UNIVERSITY IS THE SOLEMEMBER OF THE CORPORATION. IN ADDITION, AS THE SOLE MEMBER, NYU ELECTS ALL OF THE TRUSTEES OF THE CORPORATION AND HAS OTHER POWER AS GRANTED UNDER STATE LAW FORM 990, PART VI, SECTION B, LINE 11 THE FOLLOWING STEPS WERE TAKEN TO REVIEW THIS IRS FORM 990: 1. THE FORM 990 WAS REVIEWED AND APPROVED BY THE OFFICE OF THE CONTROLLER. 2. A COPY OF THE DRAFT FORM 990 WAS CIRCULATED TO THE GENERAL COUNSEL OF NYU, THE ORGANIZATIONS SOLE MEMBER. 3. A COPY OF THE FORM 990 WAS MADE AVAILABLE TO EACH BOARD MEMBER TO COMMENT ON THE INFORMATION CONTAINED IN THE FORM 990 PRIOR TO ITS ELECTRONIC FILING WITH THE INTERNAL REVENUE SERVICE. 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 DIRECTORS 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 DIRECTORS. THE MINUTES OF TEH BOARD OF DIRECTORS 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -6,790,000. NEW YORK UNIVERSITY 105 EAST 17TH STREET NEW YORK NY 10003 135562308 EDUCATION & RESEARCH NY 501C(3) LINE 2 N/A 0 METROTECH 6 METROTECH CENTER BROOKLYN NY 11201 133601854 REAL ESTATE NY 501C(3) LINE 7 N/A 0 POLY HOLDING CORP 6 METROTECH CENTER BROOKLYN NY 11201 112873205 HOLDING CO NY 501C(2) N/A 0 NYC SEED LLC 6 METROTECH CENTER BROOKLYN NY 11201 263296405 INVESTMENT DE N/A INVESTMENT -89000 1284000 0 544 0 0.46070 SYNTHEZYME LLC 6 METROTECH CENTER BROOKLYN NY 11201 264532412 BIOCATALYST NY N/A BIO RESEARCH -28000 -168000 0 67 0 0.50000 SEEDSTART2010 6 METROTECH CENTER BROOKLYN NY 11201 272656180 INVESTMENT DE N/A INVESTMENT 25000 0 0 0.09210 SEEDSTART2011 6 METROTECH CENTER BROOKLYN NY 11201 452264735 INVESTMENT DE N/A INVESTMENT 3000 40000 0 0 0.09210 0 1 0 0 1 0 0 0 0 0 0 0 1 1 1 1 0 0