2026-05-15T11:35:18+00:00 2025-06-30 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2024-07-01 133297197 The New School NEWS 6469093667 66 West 12th Street New York NY 10011 Loretta Ferrari VP of Financial Operations & Budget 2026-05-15 true Nicole Bencik P01320603 3128997000 2026-05-15 2024 2025-03-06 01:10:19Z Joel Towers 66 West 12th Street New York NY 10011 1001896733 false X WWW.NEWSCHOOL.EDU X 1919 NY THE NEW SCHOOL'S MISSION IS TO PREPARE OUR STUDENTS TO UNDERSTAND, CONTRIBUTE TO, AND SUCCEED IN A RAPIDLY CHANGING SOCIETY AND THUS MAKE THE WORLD A BETTER AND MORE JUST PLACE. 31 28 6964 187 -512399 0 44480582 40239653 537999962 533206802 -1732268 45777516 7376476 11421793 588124752 630645764 167418892 168699882 0 290148136 296465228 0 4902313 181868363 189998515 639435391 655163625 -51310639 -24517861 1695897113 1744712844 1095472495 1123539799 600424618 621173045 X THE NEW SCHOOL'S MISSION IS TO PREPARE OUR STUDENTS TO UNDERSTAND, CONTRIBUTE TO, AND SUCCEED IN A RAPIDLY CHANGING SOCIETY, AND THUS MAKE THE WORLD A BETTER AND MORE JUST PLACE. (Continued on Schedule O) false false 211748689 493755136 ACADEMIC PROGRAM: The University's academic program is composed of instructional, research, and public service activies. The University awards baccalaureate, masters, and doctoral degrees. In academic year 2024-2025, it enrolled 9,880 degree students and 3,229 non-degree students. The University's research and public service activities enable faculty to explore new areas of education, learning and knowledge, and provides non-instructional services to individuals and groups external to The University. 168699882 168699882 SCHOLARSHIP AND FINANCIAL AID: The New School seeks to make its education as affordable as possible by offering financial support to students based on financial need, academic achievement, and other qualifications through scholarship and work study programs, which are funded by institutional funds and federal, state and private grants. In academic year 2024-2025, 8,693 students received institutional support. 126881285 5538585 EDUCATIONAL SUPPORT: THE UNIVERSITY'S EDUCATIONAL SUPPORT PROGRAM IS COMPOSED OF ACADEMIC SUPPORT AND STUDENT SERVICES. ACADEMIC SUPPORT PROVIDES SUPPORT SERVICES, SUCH AS LIBRARIES, ACADEMIC TECHNOLOGY, AND FACULTY AND CURRICULUM DEVELOPMENT, FOR ITS ACADEMIC PROGRAM. STUDENT SERVICES PROVIDES VARIOUS SERVICES TO STUDENTS, WHICH CONTRIBUTE TO THE STUDENTS' EMOTIONAL AND PHYSICAL WELL-BEING AND TO THEIR INTELLECTUAL, CULTURAL, AND SOCIAL DEVELOPMENT OUTSIDE THE CONTEXT OF THE UNIVERSITY'S FORMAL INSTRUCTIONAL PROGRAMS. 52446000 39451666 AUXILIARY REVENUE FOR DORMITORIES AND DINING SERVICES 52446000 39451666 559775856 true true false true false false false true false true true true false true true true true false true true true false false false true false false false true true true false false false false false false true true true false true true false false false true true true false false true X 9460 0 true 6964 true true true true FR GM false false false true true false false false false false false X 31 28 true false false false false false false true true false false false true true true true true true true true false false AL MD MA NJ NY ND OR SC X Loretta Ferrari 6469093505 66 West 12th Street New York NY 10011 Donna Shalala Interim President (through July 2024) 60.0 X X 476496 0 289889 ELLIOT STEIN VICE CHAIR 1.0 X X 0 0 0 FRANCI J BLASSBERG VICE CHAIR 1.0 X X 0 0 0 Joel Towers President (beginning August 2024) 60.0 X X 658344 0 102386 LINDA E RAPPAPORT CHAIR 1.0 X X 0 0 0 SUSAN L FOOTE VICE CHAIR 1.0 X X 0 0 0 ANTHONY J MANNARINO TRUSTEE (through May 2025) 1.0 X 0 0 0 ASMITA BHATIA TRUSTEE 1.0 X 0 0 0 BEVIS LONGSTRETH TRUSTEE 1.0 X 0 0 0 Caitlyn McKoy Trustee (Beginning May 2025) 1.0 X 0 0 0 CHARLES R PERRIN TRUSTEE (Through May 2025) 1.0 X 0 0 0 CHRISTOPHER J CASTANO TRUSTEE 1.0 X 0 0 0 CRAIG BERNECKER FACULTY TRUSTEE (through May 2025) 40.0 X 173788 0 51099 DANIEL T MOTULSKY TRUSTEE 1.0 X 0 0 0 DAVID POMA TRUSTEE 1.0 X 0 0 0 DOMINIQUE BLUHDORN TRUSTEE 1.0 X 0 0 0 DOUGLAS D DURST TRUSTEE 1.0 X 0 0 0 Gregory Bernstein Trustee (beginning May 2025) 1.0 X 0 0 0 JANE DEFLORIO TRUSTEE (Through May 2025) 1.0 X 0 0 0 JEFFREY GURAL TRUSTEE 1.0 X 0 0 0 JOSEPH R GROMEK TRUSTEE 1.0 X 0 0 0 JOSHUA SAPAN TRUSTEE 1.0 X 0 0 0 Julia Foulkes FACULTY TRUSTEE (Beginning May 2025) 40.0 X 135849 0 59989 KAY UNGER TRUSTEE 1.0 X 0 0 0 LILIAN SHIAO-YEN WU TRUSTEE 1.0 X 0 0 0 Monique Jefferson Trustee (beginning Sept 2024) 1.0 X 0 0 0 NANCYE GREEN TRUSTEE 1.0 X 0 0 0 Nsisong Udosen Student Trustee (through May 2025) 1.0 X 0 0 0 Rhea Alexander Faculty Trustee (Beginning May 2025) 40.0 X 135148 0 51781 ROBERT H MUNDHEIM TRUSTEE 1.0 X 0 0 0 Sasa Li Trustee (Beginning Sept 2024) 1.0 X 0 0 0 SHEILA C JOHNSON TRUSTEE 1.0 X 0 0 0 STANLEY P SILVERSTEIN TRUSTEE 1.0 X 0 0 0 STEVEN H BLOOM TRUSTEE 1.0 X 0 0 0 Sylvestre Corti Maderna Student Trustee (through May 2025) 1.0 X 0 0 0 Ted GoldThorpe TRUSTEE 1.0 X 0 0 0 TIMOTHY L PORTER TRUSTEE 1.0 X 0 0 0 WILLIAM D ZABEL TRUSTEE (through April 2025) 1.0 X 0 0 0 WILLIAM E HAVEMEYER TRUSTEE 1.0 X 0 0 0 Alex Perez General Counsel 40.0 X 393134 0 83564 Anne Adriance SVP for Marketing and Business Development 40.0 X 452822 0 82679 Jennifer Hobbs SVP, University Secretary, Chief of Staff 40.0 X 354551 0 53119 Jonah Nigh Senior Vice President for Development & Alumni Engagement 40.0 X 219690 0 47399 Lin Zhou SVP and Chief Information Officer (Through September 2024) 40.0 X 248387 0 79283 Loretta Ferrari Vice President of Finance and Budget & Chief Financial Officer 40.0 X 241927 0 69865 Mark Diaz Interim EVP for Business and Operations (through January 2025) 40.0 X 786220 0 117394 Rene White Provost & Executive Vice President for Academic Affairs 40.0 X 655857 0 79679 Christopher Cox Executive Dean 40.0 X 305228 0 42947 Mary Watson Full Time Faculty 40.0 X 367208 0 59782 Richard Kessler Executive Dean 40.0 X 381575 0 79022 Thomas Aleinikoff Executive Dean 40.0 X 272436 0 70124 William Milberg Full Time Faculty 40.0 X 202079 0 63380 Yvonne Watson Interim Executive Dean, Parsons School of Design 40.0 X 352926 0 48907 Ann Stoler Faculty 40.0 X 292844 0 72149 Darrick Hamilton Faculty 40.0 X 382066 0 48772 Joseph Sloan Executive Director and Dean of Continuing and Professional Education (Through Sept 2024) 40.0 X 335721 0 25589 Rachel Schreiber Former Dean/Current Faculty 40.0 X 286339 0 42579 Robert Mack Vice Provost Student Success & Engagement 40.0 X 303143 0 28074 Joshua Burgher Former Chief Financial Officer 0.0 X 187335 0 28585 Stephanie Browner Former Provost/Current Faculty 40.0 X 286309 0 38856 8887422 0 1816892 500 true true false Cross Management Corporation 8 East 40th Street Suite 510 New York NY 10016 Construction Services 21810924 Compass Group USA Inc PO Box 91337 Chicago IL 606931337 Food Service 6256829 East End Advisors LLC 610 Fifth Avenue-Suite 506 New York NY 10020 Consulting 2358487 EAB Global Inc PO Box 603519 Charlotte NC 28260 Marketing and Enrollment services 2010593 Perfect Parties by Robin Inc 21 Woodstone Circle Short Hills NJ 07078 Events Consultation 1730153 172 900960 7994318 31344375 878014 40239653 TUITION & FEES 611310 489827563 489827563 AUX ENTERPRISE REV 611310 39451666 39451666 COMMERCIAL CONTRACTS 611310 3675935 3675935 Digital Publications 611310 251638 251638 0 0 0 0 533206802 25009705 -537394 25547099 837346 837346 10755701 4296079 6459622 0 6459622 6459622 357982257 28223684 349297051 16978425 8685206 11245259 19930465 24995 19905470 103000 1106960 679414 -576414 -576414 INDIRECT COST RECOVERY 611310 2278218 2278218 Box Office and Journal Sales 611310 183249 183249 Pre College Summer Program 611310 186514 186514 2890604 2890604 0 0 5538585 630645764 538745387 -512399 52173123 168699882 168699882 7545852 2382351 5153169 10332 874513 874513 211680896 184830228 24174245 2676423 17309503 15151953 1942490 215060 43368112 37962437 4866848 538827 15686352 13731120 1760338 194894 1480173 196366 1283807 565420 565420 4892 4892 17657915 17657915 18359938 14923499 2751484 684955 3100640 476943 2610192 13505 10796190 9087666 1675153 33371 5553180 1714963 3822419 15798 923513 553743 359067 10703 41354359 37825326 3467240 61793 3890363 3585845 258243 46275 3427084 2668285 359273 399526 26983522 22082732 4900790 31413689 26044818 5368871 5165503 1168695 3996808 CONTRACT SERVICE FEE 9049242 8833920 215322 Dining Services 3689209 3689209 BAD DEBT EXPENSE 3284498 173 3284325 LIBRARY 3009217 3002072 7145 289968 289117 0 851 655163625 559775856 90485456 4902313 -215418 4386639 416531 87383 19738684 22738876 18153335 23194635 0 0 0 0 48677 141149 13204636 12979484 1143659278 354368832 813276537 789290446 207290176 221333213 285831350 311835318 1583600 1420371 336569005 357305330 1695897113 1744712844 52560042 50255796 9196370 8045248 673434588 647245141 0 0 16870846 74382260 343410649 343611354 1095472495 1123539799 X 331191010 331256871 269233608 289916174 600424618 621173045 1695897113 1744712844 X -24517861 42185434 3631296 -550442 X false true true true true X 43723946 55910574 35451892 44480582 40239653 219806647 0 0 43723946 55910574 35451892 44480582 40239653 219806647 19776494 200030153 12659815 12359052 18962873 16099495 35765406 95846641 0 72961 0 0 0 72961 31800 35200 107200 699467 1106960 1980627 317706876 2612332638 0.62961 0.69252 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - GROSS INCOME FROM FUNDRAISING EVENTS, COLUMN A - 31800.0, COLUMN B - 35200.0, COLUMN C - 107200.0, COLUMN D - 699467.0, COLUMN E - 1106960.0, COLUMN F - 1980627.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 4892 false false 4892 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY During Fiscal Year 2024-2025, The New School directly lobbied the offices of Senators Schumer and Gillibrand and Rep. Goldman to include a Congressionally Directed Spending/Community Project Funding project in the FY26 in the CJS and LaborHHS Ed appropriations bills. The university also advocated for increased funding for the Pell Grant program, and to protect funding for Federal Work Study and Supplemental Educational Opportunity Grant. The university directly lobbied the offices of New York State Senator Kavanagh and New York State Assembly member Glick to support funding for student aid programs in the FY25 New York State budget with the support of two student volunteers. In addition, the university lobbied Senator Kavanagh and Assembly member Glick for capital funding for the Auditorium Renovation project. The University also lobbied Senators Schumer and Gillibrand, and Reps. Goldman and Nadler regarding the unexpected revocation of a major Social Security Administration grant. X X X Education false 486977081 2413622 52579240 4638381 31320416 506011146 449893029 2936066 51461211 4230824 13082401 486977081 421753906 4393734 42827737 4611909 14470439 449893029 481725942 6513907 -46630507 14269705 5585731 421753906 393477034 7899447 96761887 12541356 3871070 481725942 0.5777 0.2429 0.1794 false false 90218448 90218448 911363482 262814471 648549011 87366986 64612439 22754547 43872557 26941922 16930635 10837805 10837805 789290446 Closely-held equity interests Financial derivatives INVESTMENTS - HEDGE FUNDS 113958457 F INVESTMENTS - PRIVATE EQUITY 117047242 F INVESTMENTS - REAL ASSETS 80829619 F 311835318 Funds Held By Bond Trustees 55816649 Lease Assets 301488681 357305330 Federal Income Taxes Perkins Loan 496958 LEASE LIABILITIES 343114396 343611354 X 495186319 42185434 -164957408 -122771974 617958293 17662964 -4975493 12687471 630645764 476946691 -562023 4975493 4413470 472533221 17661415 164968989 182630404 655163625 Schedule D, Part V Endowment Funds The beginning of year balances have been updated to align with the audited financial statements. Schedule D, Part III, Line 1a Collections of art - financial statement footnote THE UNIVERSITY'S ART COLLECTION CONSISTS OF WORKS OF ART, INCLUDING PRINTS, PAINTINGS, PHOTOGRAPHS, AND SCULPTURES THAT ARE HELD FOR THE PURPOSES OF PUBLIC EXHIBITION, EDUCATION, AND RESEARCH. EACH OF THE ITEMS ARE CATALOGED, PRESERVED, AND CARED FOR. ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED BY THE UNIVERSITY'S CURATORS. THE ART COLLECTION, WHICH WAS ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE UNIVERSITY'S INCEPTION, IS NOT RECOGNIZED AS AN ASSET IN THE CONSOLIDATED BALANCE SHEETS. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS EXPENSES AND CONTRIBUTED COLLECTION ITEMS ARE NOT REPORTED AS CONTRIBUTIONS. PROCEEDS FROM SALES ARE REFLECTED AS INCREASES IN NET ASSETS WITHOUT DONOR RESTRICTIONS. Schedule D, Part III, Line 4 Collections of art - description of collections THE MISSION OF THE NEW SCHOOL ART COLLECTION, IN RECOGNITION OF ITS HISTORIC COMMITMENT TO ART AS A VEHICLE FOR SOCIOPOLITICAL CHANGE, IS TO ADVANCE THE IMPORTANCE OF ART AS AN AGENT FOR PERSONAL AND COLLECTIVE TRANSFORMATION. AS A CURRICULAR RESOURCE FOR ALL AREAS OF STUDY, THE ROLE OF THE COLLECTION IS TO CONSERVE, INTERPRET, AND PRESENT WORKS OF ART TO THE STUDENTS, FACULTY, AND GREATER COMMUNITY. NEW ACQUISITIONS SUPPORT THE VISION OF THE UNIVERSITY AS AN ENVIRONMENT FOR INNOVATIVE THINKING AND ARTISTIC EXPERIMENTATION. HISTORY OF THE COLLECTION THE UNIVERSITY'S LEGACY OF SUPPORTING THE FREEDOM OF ARTISTIC EXPRESSION BEGAN IN 1931 WITH THE COMMISSIONING OF TWO HISTORICALLY SIGNIFICANT MURAL CYCLES: JOSE CLEMENTE OROZCO'S A CALL FOR REVOLUTION AND UNIVERSAL BROTHERHOOD, AND THOMAS HART BENTON'S EPIC AMERICA TODAY. OVER THE YEARS, THE UNIVERSITY HAS HOSTED A ROSTER OF ACCOMPLISHED ARTISTS, WRITERS, DANCERS, DESIGNERS, HISTORIANS, SOCIAL SCIENTISTS, AND PHILOSOPHERS, CREATING A FLOURISHING LABORATORY FOR EXPERIMENTATION AND INNOVATION. AS AN INSTITUTION THAT EMBRACED SUCH DIVERSE FIGURES AS POET ROBERT FROST, ANTHROPOLOGIST MARGARET MEADE, ART HISTORIAN MEYER SCHAPIRO, AND COMPOSER/CONCEPTUAL ARTIST JOHN CAGE, THE NEW SCHOOL HAS ALWAYS STOOD AT THE FOREFRONT OF SELF-DISCOVERY AND VISIONARY SOCIAL, INTELLECTUAL, AND AESTHETIC EXPERIMENTATION. THE NEW SCHOOL ART COLLECTION WAS ESTABLISHED IN 1960 WITH A GRANT FROM THE ALBERT A. LIST FOUNDATION. THE COLLECTION, GROWN TO APPROXIMATELY 2,071 POSTWAR AND CONTEMPORARY WORKS OF ART, INCLUDES EXAMPLES IN ALMOST ALL MEDIA BY SOME OF THE MOST INNOVATIVE AND CREATIVE ARTISTS OF OUR TIME. INSTALLED THROUGHOUT THE UNIVERSITY CAMPUS AND TRANSFORMING THE PUBLIC SPACES INTO LIVELY FORUMS FOR EXAMINING CONTEMPORARY ART, THE COLLECTION OFFERS STUDENTS AND FACULTY A RARE OPPORTUNITY TO ENGAGE WITH ART ON A DAILY BASIS, MAKING IT A DISTINCTIVE COMPONENT OF THEIR EDUCATIONAL EXPERIENCE. THE COLLECTION HAS CONTINUED ITS TRADITION OF INCORPORATING SITE-SPECIFIC WORKS INTO ITS PUBLIC SPACES. Schedule D, Part V, Line 4 Intended uses of endowment funds THE UNIVERSITY'S ENDOWMENT IS COMPRISED OF 367 INDIVIDUAL FUNDS AT JUNE 30, 2025, ESTABLISHED FOR A VARIETY OF PURPOSES, INCLUDING SCHOLARSHIPS, PROFESSORSHIPS, FACULTY DEVELOPMENT, LECTURES, AND RESEARCH PROGRAMS. THE ENDOWMENT CONSISTS OF BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS FUNCTIONING AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE UNIVERSITY'S INDIVIDUAL ENDOWMENT FUNDS ARE POOLED FOR INVESTMENT PURPOSES. THE INVESTMENT PORTFOLIO IS MANAGED TO ACHIEVE A PRUDENT LONG-TERM RETURN. THE UNIVERSITY RELIES ON A TOTAL RETURN STRATEGY IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION (REALIZED AND UNREALIZED) AND CURRENT YIELD (INTEREST AND DIVIDENDS). THE UNIVERSITY TARGETS A DIVERSIFIED ASSET ALLOCATION THAT PLACES A GREATER EMPHASIS ON EQUITY-BASED INVESTMENTS TO ACHIEVE ITS LONG-TERM RETURN OBJECTIVES WITHIN PRUDENT RISK CONSTRAINTS. THE ENDOWMENT ASSETS ARE INVESTED TO PROVIDE A REAL TOTAL RETURN THAT PRESERVES THE PURCHASING POWER OF THE ENDOWMENT WHILE GENERATING AN INCOME STREAM TO SUPPORT THE ACADEMIC ACTIVITIES OF THE UNIVERSITY. ACTUAL RETURNS MAY VARY FROM THIS GOAL IN ANY GIVEN YEAR." "THE UNIVERSITY'S ENDOWMENT SPENDING POLICY IS DESIGNED TO PROVIDE A SUSTAINABLE AND PREDICTABLE FLOW OF FUNDS TO SUPPORT ANNUAL OPERATIONS. THE SPENDING POLICY IS INTENDED TO BALANCE CURRENT SPENDING NEEDS AND TO PRESERVE THE ENDOWMENT'S FUTURE PURCHASING POWER. THE UNIVERSITY APPLIES A BOARD SPECIFIED SPENDING RATE TO A MOVING AVERAGE OF ENDOWMENT INVESTMENT FUNDS. THE PURPOSE OF USING A MOVING AVERAGE IS TO SMOOTH OUT ANY WIDE FLUCTUATIONS IN THE MARKET VALUE. ENDOWMENT EARNINGS IN EXCESS OF THE SPENDING RATE ARE ADDED BACK TO THE PRINCIPAL OF THE ENDOWMENT INVESTMENTS. PRIOR TO FISCAL YEAR 2012, THE BOARD SPECIFIED SPENDING RATE WAS 5%. BEGINNING WITH FISCAL YEAR 2012, THE SPENDING RATE WAS REDUCED TO 4% USING A ""SOFT LANDING"" APPROACH. THE FISCAL YEAR 2011 APPROPRIATION WILL BE USED AS THE ANNUAL APPROPRIATION UNTIL THE INVESTMENT PORTFOLIO INCREASES SUFFICIENTLY OVER TIME TO RESULT IN AN EFFECTIVE 4% SPENDING RATE. THEREAFTER, THE 4% SPENDING RATE WOULD BE APPLIED AGAINST THE AVERAGE OF THE PREVIOUS 16 QUARTERS' FAIR VALUE OF THE ENDOWMENT PORTFOLIO. EFFECTIVE FOR FISCAL YEAR 2022 THE BOARD APPROVED A NEW SPENDING POLICY TO ELIMINATE THE SOFT LANDING APPROACH TO ACHIEVE THE 4% SPENDING RATE. INSTEAD, THE BOARD APPROVED A GRADUAL APPROACH TO THE 4% SPENDING POLICY TO BE ACHIEVED OVER A 3 YEAR PERIOD. FOR FISCAL YEAR 2022, ALL ENDOWMENT FUNDS WILL BE APPROPRIATED AT A 5% SPEND RATE. FOR FISCAL YEAR 2023, ALL ENDOWMENT FUNDS WILL BE APPROPRIATED AT A 4.5% SPEND RATE. FOR FISCAL YEAR 2024 ALL ENDOWMENT FUNDS WILL BE APPROPRIATED AT A 4% SPEND RATE. THE BOARD REDUCED THE NUMBER OF PREVIOUS QUARTERS' MARKET VALUES USED TO CALCULATE THE APPROPRIATION FROM 16 TO 12. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT FOR ANY UNRELATED BUSINESS INCOME ACTIVITIES. THE UNIVERSITY RECOGNIZES THE EFFECTS OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. THE UNIVERSITY EVALUATES, ON AN ANNUAL BASIS, THE EFFECTS OF ANY UNCERTAIN TAX POSITIONS ON ITS CONSOLIDATED FINANCIAL STATEMENTS. THE UNIVERSITY HAS NOT IDENTIFIED OR PROVIDED FOR ANY SUCH POSITIONS AS OF JUNE 30, 2025 AND 2024. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Scholarships and Stipends - -XXX-XX-XXXX Split Interest - 11581 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Rental Expense - -4296079 Parsons Benefit Expense - -679414 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Rental Expense - 4296079 Parsons Benefit Expense - 679414 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Scholarships and Stipends - XXX-XX-XXXX true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY The university's racially non discriminatory policy link is clearly titled on the homepage, is highly visible to the public and is available throughout the tax year. The policy is also included in all forms of advertisement media relating to the recruitment of students and employees. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT The forms of federal financial aid provided to the university's students include: -Federal Pell Grant -Federal Supplemental Educational Opportunity Grant (SEOG) -Federal Direct Loan Program -Federal Work Study Program The university receives government funding to support its organized research programs. These governmental grants help to further the university's mission by supporting organized research efforts in the areas of education, training, and public services. The public agencies that support the university's research activities are: -National Science Foundation -Department of Health and Human Services -United States Department of Education -United States Department of Energy -United States Department of Defense -Department of Veterans Affairs -The National Endowment for the Arts -The National Endowment for the Humanities Central America and the Caribbean 0 1 Program Services Education and Research 5900 Europe (Including Iceland and Greenland) 0 72 Program Services Education and Research 9779028 Middle East and North Africa 0 11 Program Services Education and Research 71843 North America (Canada & Mexico only) 0 28 Program Services Education and Research 659032 South America 0 10 Program Services Education and Research 40379 South Asia 0 21 Program Services Education and Research 83620 Sub-Saharan Africa 0 9 Program Services Education and Research 40816 East Asia and the Pacific 0 64 Program Services Education and Research 859804 Central America and the Caribbean 0 16 Investments 154860168 Europe (Including Iceland and Greenland) 0 2 Investments 1529545 0 234 0 0 0 234 167930135 0 167930135 true false true true true false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; MIDDLE EAST AND NORTH AFRICA-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; SOUTH AMERICA-Accrual; SOUTH ASIA-Accrual; SUB-SAHARAN AFRICA-Accrual Parsons Benefit 1106960 1003960 103000 59093 167711 427045 25565 0 0 1106960 1003960 103000 59093 167711 427045 25565 679414 -576414 true SCHOLARSHIPS AND AWARDS 8693 168699882 0 N/A N/A Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds Grants and other assistance awarded to individuals in the U.S. represent student financial aid. Student financial aid awards are determined by the university's assessment of academic achievement, financial need and other similar standards. Student financial services continuously monitors student eligibility for these awards. Student financial services is responsible for regulatory compliance. Student financial services ensures equity by applying all need analysis formulas consistently across the institution's population of student financial aid applicants and provides services that do not discriminate on the basis of race, gender ethnicity, sexual orientation, religion, disability, age, or economic status. The forms of federal financial aid provided to the university's students include: -Federal Pell Grant -Federal Supplemental Educational Opportunity Grant (SEOG) -Federal Direct Loan Program -Federal Work Study Program The university receives government funding to support its organized research programs. These governmental grants help to further the university's mission by supporting organized research efforts in the areas of education, training, and public services. The public agencies that support the university's research activities are: -National Science Foundation -Department of Health and Human Services -United States Department of Education -United States Department of Energy -United States Department of Defense -Department of Veteran Affairs -The National Endowment for the Arts -The National Endowment for the Humanities - Federal Emergency Management Agency (FEMA) - Substance Abuse and Mental Health Services Administration (SAMHSA) X true true X X X X X true true false false false false false true false Joel Towers President (beginning August 2024) 621191 0 0 0 37153 0 57500 0 44886 0 760730 0 0 0 Donna Shalala Interim President (through July 2024) 458897 0 0 0 17599 0 34500 0 255389 0 766385 0 0 0 CRAIG BERNECKER FACULTY TRUSTEE (through May 2025) 138289 0 0 0 35499 0 11972 0 39127 0 224887 0 0 0 Julia Foulkes FACULTY TRUSTEE (Beginning May 2025) 134483 0 0 0 1366 0 14813 0 45176 0 195838 0 0 0 Rhea Alexander Faculty Trustee (Beginning May 2025) 132049 0 0 0 3099 0 11002 0 40779 0 186929 0 0 0 Stephanie Browner Former Provost/Current Faculty 233128 0 0 0 53181 0 23377 0 15479 0 325165 0 0 0 Anne Adriance SVP for Marketing and Business Development 435234 0 0 0 17588 0 34500 0 48179 0 535501 0 0 0 Lin Zhou SVP and Chief Information Officer (Through September 2024) 246518 0 0 0 1869 0 42148 0 37135 0 327670 0 0 0 Jennifer Hobbs SVP, University Secretary, Chief of Staff 353678 0 0 0 873 0 36005 0 17114 0 407670 0 0 0 Rene White Provost & Executive Vice President for Academic Affairs 549614 0 0 0 106243 0 34500 0 45179 0 735536 0 0 0 Jonah Nigh Senior Vice President for Development & Alumni Engagement 219064 0 0 0 626 0 35650 0 11749 0 267089 0 0 0 Mark Diaz Interim EVP for Business and Operations (through January 2025) 710556 0 0 0 75664 0 72000 0 45394 0 903614 0 0 0 Alex Perez General Counsel 392250 0 0 0 884 0 40600 0 42964 0 476698 0 0 0 Loretta Ferrari Vice President of Finance and Budget & Chief Financial Officer 241927 0 0 0 0 0 25375 0 44490 0 311792 0 0 0 Joshua Burgher Former Chief Financial Officer 186920 0 0 0 415 0 18692 0 9893 0 215920 0 0 0 William Milberg Full Time Faculty 199983 0 0 0 2096 0 19177 0 44203 0 265459 0 0 0 Mary Watson Full Time Faculty 343986 0 0 0 23222 0 55000 0 4782 0 426990 0 0 0 Richard Kessler Executive Dean 360640 0 0 0 20935 0 34500 0 44522 0 460597 0 0 0 Yvonne Watson Interim Executive Dean, Parsons School of Design 316641 0 0 0 36285 0 30971 0 17936 0 401833 0 0 0 Thomas Aleinikoff Executive Dean 244382 0 0 0 28054 0 25883 0 44241 0 342560 0 0 0 Christopher Cox Executive Dean 273355 0 0 0 31873 0 27705 0 15242 0 348175 0 0 0 Rachel Schreiber Former Dean/Current Faculty 248661 0 0 0 37678 0 25519 0 17060 0 328918 0 0 0 Darrick Hamilton Faculty 380894 0 0 0 1172 0 31622 0 17150 0 430838 0 0 0 Joseph Sloan Executive Director and Dean of Continuing and Professional Education (Through Sept 2024) 239357 0 73388 0 22976 0 25036 0 553 0 361310 0 0 0 Robert Mack Vice Provost Student Success & Engagement 263520 0 3000 0 36623 0 26400 0 1674 0 331217 0 0 0 Ann Stoler Faculty 230384 0 0 0 62460 0 24803 0 47346 0 364993 0 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use Per contractual agreement, the following individuals received a taxable housing allowance as reported on Part II, Column b(iii): - Renee White $100,000 - Mark Diaz $73,076 - Yvonne Watson $33,000 - Mary Watson $18,000 - Thomas Aleinikoff 24,000 - Christopher Cox $30,000 - Stephanie Browner $50,000 - Joel Towers $18,461 - Ann Stoler $60,000 - Robert Mack $36,000 - Rachel Schreiber $36,000 Schedule J, Part I, Line 4a Severance or change-of-control payment - Joseph Sloan: $22,581 Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan The following employees listed on the Form 990, Part VII-A and Schedule J, Part II participated in a supplemental non-qualified retirement plan 457 (f) and received deferred compensation/contributions to the supplemental non-qualified retirement plan: - Donna Shalala $12,655 - Renee White $21,905 - Jennifer Hobbs $1,505 - Annette Adriance $10,767 - Richard Kessler $3,342 Schedule J, Part I, Line 7 Non-fixed payments Non-fixed performance bonus payments were provided to the following individuals as reported on Form 990, Part VII-A and Schedule J, Part II, Column(B)(ii): - Robert Mack $3,000 - Joseph Sloan $73,387 A DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 64990CJH5 2016-11-15 350211770 See Statement false false false B DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 65000BLQ9 2022-03-29 161423981 See statement false false false C DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 64985SBV4 2025-04-03 99893694 see statement false false false A 15910000 350211770 1640727 67118181 281452861 2016 false true true true B 2220000 163473574 1074166 146665977 15733431 2025 true false true true C 99893694 954834 98938859 2025 true false true true A false true false false false false 0.0 0.0 0.0 false false 0.0728 true true B false false false false false false 0.0 0.0 0.0 false false 0 false true C false true false false false false 0.0 0.0 0.0 false false 0 false true A false false false true false false 0 false false false 0 false false true B false true false false false false 0 false false false 0 false false true C false true false false false false 0 false false false 0 false false true A true B true C true Schedule K, Part I, Column (f) BOND A The 2016A issue financed the acquisition of 34-42 West 14th Street and advanced refunded the series 2010 issue dated 12/08/2010. Schedule K, Part I, Column (f) BOND B The 2022A issue will finance the costs of acquisition, renovation, and equipping of a 12-story building located at 318 East 15th Street and refund the 2011 issue dated 10/20/2011. Schedule K, Part II, Line 11 BOND A The other spent proceeds are the refunding proceeds of the issue that are no longer in escrow (281,452,861 advanced refunding). Schedule K, Part II, Line 11 Bond B The other spent proceeds are the refunding proceeds of the issue that are no longer in escrow (15,733,431.11 current refunding). Schedule K, Part II, Line 11 Bond C The other spent proceeds are the refunding proceeds of the issue that are no longer in escrow (98,938,859 current refunding). Schedule K, Part III, Line 4 Bond A A portion of the 2016A issue financed the acquisition of 34-42 West 14th Street NY, NY. At the time of the property acquisition there were hold-over tenants that will occupy the building prior to conversion to use of the entire building solely by the taxpayer for its tax-exempt purposes and that will eliminate all private use. Thus, during previous reporting periods, the private business use of a portion of the 2016A bonds proceeds arised from such hold-over tenants and was reflected on Part III Lines 4 and 6. Importantly, bond counsel determined and advised that there are no private security or payments attributable to the 2016A bond issue, as reflected on Part III, Line 7. Schedule K, Part IV, Line 2c Bond A Issuer name: DORMITORY AUTHORITY OF THE STATE OF NEW YORK The calculation for computing no rebate due was performed on 8/01/2021 Schedule K, Part II, Line 3, Column B: The total proceeds listed in Part II exceed the issue price of the bonds due to investment proceeds earned on the bonds. Schedule K, Part IV, Line 2c COLUMN A Issuer name: DORMITORY AUTHORITY OF THE STATE OF NEW YORK The calculation for computing no rebate due was performed on 08/01/2021 144439 Tuition Student Tuition 72632 Scholarships Merit Based GFP Real Estate Affiliate of Trustee 9880250 Rental Payments false Schedule L, Part III Grants or Assistance Benefiting Interested Persons PER THE IRS INSTRUCTIONS FOR SCHEDULE L, COLLEGES, UNIVERSITIES, AND PRIMARY AND SECONDARY SCHOOLS ARE NOT REQUIRED TO IDENTIFY INTERESTED PERSONS TO WHOM THEY PROVIDED SCHOLARSHIPS, FELLOWSHIPS, AND SIMILAR FINANCIAL ASSISTANCE. INSTEAD, THESE ORGANIZATIONS MUST GROUP EACH TYPE OF FINANCIAL ASSISTANCE PROVIDED TO INTERESTED PERSONS ON SEPARATE LINES. FOR EACH LINE, THE SCHOOL SHOULD REPORT IN COLUMN (C), THE AGGREGATE DOLLAR AMOUNT OF EACH TYPE OF ASSISTANCE AND THE TYPE OF ASSISTANCE IN COLUMN (D), AND THE PURPOSE OF THE ASSISTANCE IN COLUMN (E), UNLESS SUCH REPORTING WOULD BE AN UNAUTHORIZED DISCLOSURE OF STUDENT EDUCATION RECORDS UNDER THE FAMILY EDUCATIONAL RIGHTS AND PRIVACY ACT (FERPA). COLUMNS (A) AND (B) SHOULD BE LEFT BLANK FOR THESE LINES. 23 878014 Market value 0 false true true Schedule M, Part I, Line 32b Third parties used to solicit, process, or sell noncash contributions The University uses a third party to sell contributions of securities. Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - The organization is reporting the number of contributions. Form 990, Part III, Line 1 MISSION STATEMENT, CONTINUED Mission - The New School prepares students to understand, contribute to, and succeed in a rapidly changing society, thus making the world a better and more just place. We will ensure that our students develop both the skills that a sound education provides and the competencies essential for success and leadership in the emerging creative economy. We will also lead in generating practical and theoretical knowledge that enables people to better understand our world and improve conditions for local and global communities. Vision - We are and will be a university where design and social research drive approaches to studying issues of our time, such as democracy, urbanization, technological change, economic empowerment, sustainability, migration, and globalization. We will be the preeminent intellectual and creative center for effective engagement in a world that increasingly demands better-designed objects, communication, systems, and organizations to meet social needs. Our vision aligns with shifts in the global economy, society, and environment, which animates our mission and our values: *Creativity, innovation, and a desire to challenge the status quo will affect what and how we teach and the intellectual ambitions of the university itself. *Social engagement should orient students' academic experiences to help them become critically engaged citizens, dedicated to solving problems and contributing to the public good. *The New School must embrace these principles and innovate to address shifts in the global economy, society, and environment that require individuals to grapple with complex problems, pursue more fluid and flexible career pathways, and collaboratively create change. Educational Approach - We will fulfill our mission by extending The New School's legacy as a nontraditional university and community, nimble and responsive to change, that: * Focuses on and engages with critical contemporary issues * Prioritizes humanity and culture in designing systems and environments to improve the human condition, an approach that draws on design thinking and the liberal, creative, and performing arts * Places collaborative, project-based learning at the center of the educational experience * Takes full advantage of our New York City location and connectivity to global urban centers Form 990, Part III, Line 4a-4c Description of program services (Expenses $ 52,446,000 including grants of $)(Revenue $ 39,451,666) AUXILIARY REVENUE FOR DORMITORIES AND DINING SERVICES Form 990, Part VI, Line 1a Delegate broad authority to a committee There is an executive committee of the Board of trustees. The executive committee convenes between board of trustees meetings and is empowered by the bylaws to transact business and take action on behalf of The New School Board of Trustees, except to grant degrees or to make removals from office. The Executive Committee reviews and approves compensation of The President of the University upon the recommendation of the compensation committee of the Board of Trustees. No individual who will financially benefit from a compensation decision or other decision may be present at or otherwise participate in the deliberation or vote of the Executive Committee. The Executive Committee members include the chair of the Board of Trustees, the vice chairs of the Board of Trustees, the President of the University, and any Trustee who serves as the chair of a Board of Governors for a school or college within the university. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons Robert Mundheim and Linda Rappaport - Business relationship Form 990, Part VI, Line 11b Review of form 990 by governing body The audit and risk committee of the board of trustees has been delegated responsibility for reviewing the annual form 990. Following the audit and risk committee review, the 990 is distributed to the full board of trustees prior to its filing. Form 990, Part VI, Line 12c Conflict of interest policy The New School's policy on conflicts of interest applies to all Board of Trustee members, the senior management, as well as certain designated staff and faculty. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES IS COMPRISED OF MEMBERS OF THE EXECUTIVE COMMITTEE SELECTED BY THE CHAIR OF THE BOARD. THE COMPENSATION COMMITTEE REVIEWS AND APPROVES COMPENSATION TERMS, SALARIES, AND CONTRACTS (IF APPROPRIATE), FOR THE DEANS AND OTHER OFFICERS PRIOR TO HIRE AND FOR RENEWALS AND PROMOTIONS. THE COMMITTEE IS CHARGED WITH ASSURING COMPLIANCE WITH INTERMEDIATE SANCTION PROCEDURES AND REQUIREMENTS TO THE EXTENT APPLICABLE TO ANY COMPENSATION. THE COMMITTEE ALSO RECOMMENDS THE COMPENSATION (INCLUDING SALARY, BENEFITS, AND OTHER REMUNERATION) OF THE PRESIDENT OF THE UNIVERSITY TO THE EXECUTIVE COMMITTEE FOR REVIEW AND APPROVAL. FURTHER, THE COMMITTEE IS CHARGED WITH DEVELOPING SALARY AND BENEFITS FOR INCOMING PRESIDENTS AND RENEWAL OF CONTRACTS FOR INCUMBENT PRESIDENTS FOR SUBMISSION TO THE EXECUTIVE COMMITTEE FOR APPROVAL. ADDITIONAL DUTIES OF THE COMPENSATION COMMITTEE INCLUDE REVIEWING COMPENSATION FOR COMPARABLE POSITIONS BENCHMARKED AGAINST PEER GROUPS AND HIRING AN EXECUTIVE COMPENSATION CONSULTANT ON A REGULAR BASIS. THE COMMITTEE ALSO REVIEWS INTERNAL CANDIDATES PROPOSED TO SERVE AS INTERIM DEANS IF NEEDED, AND ANNUALLY REVIEWS THE LIST OF UNIVERSITY EMPLOYEES WHOSE SALARIES CATEGORIZE THEM AS HIGHLY COMPENSATED INDIVIDUALS UNDER IRS PENSION PROVISIONS. ADDITIONAL AUTHORITY AND DUTIES ARE CONFERRED UPON THE COMPENSATION COMMITTEE IN ACCORDANCE WITH THE NEEDS AND INITIATIVES OF THE BOARD OF TRUSTEES. CONTEMPORANEOUS NOTES ARE TAKEN TO DOCUMENT THE PROCESS. Form 990, Part VI, Line 15b Process to establish compensation of other employees As noted above, the compensation committee annually reviews the list of university officers and key employees whose salaries categorize them as highly compensated individuals under IRS pension provisions. The compensation committee last conducted a review and approval of compensation as outlined above in the second quarter of its 2025 fiscal year. Form 990, Part VI, Line 19 Required documents available to the public The University makes its governing documents, conflict of interest policy, Form 990, and Financial Statements available to the public upon request. Also, federal Form 990, which includes financial and other disclosures, is available on Guidestar. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue - Total Revenue: 2890604, Related or Exempt Function Revenue: 2890604, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN VALUE OF SPLIT INTEREST - 22347; CHANGE IN POSTRETIREMENT BENEFITS - -10766; LOSS ON UNCOLLECTIBLE PLEDGES - -562023; Total - -550442; FREUNDE UND FORDERER VON THE NEW SCHOOL C/O HH LLP 1 POTSDAMER PLATZ 1 BERLIN GM FACILITATE CONTRIBUTIONS GM 501(c)(3) 2 THE NEW SCHOOL true TNS PARSONS 23 RUE DU ROULE PARIS FR 75001 EDUCATION AND RESEARCH FR THE NEW SCHOOL true ANATOL SHULKIN MEMORIAL SCHOLARSHIP C/O THE NEW SCHOOL 79 FIFTH AVENUE 16TH FLOOR NEW YORK NY 10003 133010477 AWARDS SCHOLARSHIPS FOR ART & DESIGN NY 501(c)(3) PF THE NEW SCHOOL true Charitable remainder trusts (4) C/O THE NEW SCHOOL 66 WEST 12TH STREET New York NY 10011 Charitable remainder trust NY The New School Trust true false false false false false false false false false false false false true false true false false false false TNS Parsons Paris M 9049241 Cost