2023-05-15T13:57:09-05:00 2022-06-30 PricewaterhouseCoopers LLP 300 Madison Avenue New York NY 10017 990 2021-07-01 200247649 YESHIVA UNIVERSITY HIGH SCHOOLS % MR ALAN KLUGER YESH 6465924005 2540 AMSTERDAM AVENUE NEW YORK NY 10033 ALAN KLUGER DIRECTOR OF TAX 6465924009 2023-05-15 true ALAN KLUGER 999009999 SAPNA P VASU P00545692 6464713000 2023-05-15 3 2021 2023-04-26 12:10:37Z ALAN KLUGER 2540 AMSTERDAM AVENUE NEW YORK NY 10033 27372610 false X YUHSB.ORG AND YUHSG.ORG X 2003 NY THE PRIMARY MISSION OF THE YESHIVA UNIVERSITY HIGH SCHOOLS IS TO TEACH AND PERPETUATE THE VALUES OF TORAH AND SECULAR STUDIES. SEE SCHEDULE O 22 22 164 22 -874 0 3597587 4039871 16077613 15779577 863562 1636465 -74113 2097962 20464649 23553875 3930726 3648935 0 0 10135026 10106157 0 0 153701 4770449 5323691 18836201 19078783 1628448 4475092 22674721 19455821 6513423 3938644 16161298 15517177 X THE YESHIVA UNIVERSITY HIGH SCHOOLS HAS AS ITS EDUCATIONAL MISSION TO TEACH AND PERPETUATE THE VALUES OF TORAH AND SECULAR STUDIES. SEE SCHEDULE O. false false 16980991 3648935 15779577 YESHIVA UNIVERSITY HIGH SCHOOLS ("THE HIGH SCHOOLS") IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTIONS 501(C)(3) OF THE INTERNAL REVENUE CODE. THE HIGH SCHOOLS, WHICH CONSISTS OF THE MARSHA STERN TALMUDICAL ACADEMY YESHIVA UNIVERSITY HIGH SCHOOL FOR BOYS AND THE SAMUEL H. WANG YESHIVA UNIVERSITY HIGH SCHOOL FOR GIRLS, MAINTAINS SEPARATE SECONDARY SCHOOL PROGRAMS FOR BOYS AND GIRLS. INSTRUCTION IS PROVIDED TO APPROXIMATELY 534 HIGH SCHOOL STUDENTS. THE HIGH SCHOOLS OFFER COLLEGE PREPARATORY PROGRAMS AND COMPREHENSIVE JEWISH STUDIES PROGRAMS LEADING TO A NEW YORK STATE REGENTS DIPLOMA. THE SCHOOLS ARE ACCREDITED BY BOTH THE NEW YORK STATE BOARD OF REGENTS AND THE MIDDLE STATES COMMISSION ON SECONDARY EDUCATION. 16980991 true true false false false false false false false true true true false false false false true false true true true false false false true false false false true true false false false false false false false false true false false false false true false false false true X 0 0 true 164 true true true false false false false true true false false false false false false X 22 22 true false false false false false false true true false false true true true true true true true true false X MR ALAN KLUGER 6465924009 YESHIVA UNIVERSITY 500 WEST 185TH S NY NY 10033 X RABBI JOSHUA KAHN HEAD OF SCHOOL 35.0 0.0 X 199237 0 117306 RABBI DOV EMERSON DIRECTOR TEACHING/LEARNING 35.0 0.0 X 72636 0 171042 BRACHA RUTNER HEAD OF SCHOOL 35.0 0.0 X 166624 0 55091 RABBI SHIMON SCHENKER ASSOCIATE PRINCIPAL 35.0 0.0 X 128870 0 59395 RABBI TANCHUM COHEN TEACHER/PROGRAM DIRECTOR 35.0 0.0 X 152374 0 27597 BARUCH MENDELSON TEACHER/PROGRAM DIRECTOR 35.0 0.0 X 62186 0 84069 LEAH MOSKOVICH ASSOCIATE PRINCIPAL 35.0 0.0 X 98983 0 36869 RABBI DR ARI D BERMAN PRESIDENT/TRUSTEE 5.0 0.0 X X 0 0 0 MIRIAM P GOLDBERG BOARD CHAIR/TRUSTEE 5.0 0.0 X 0 0 0 DEBRA ABITAN TRUSTEE 1.0 0.0 X 0 0 0 RABBI STEVEN BURG TRUSTEE 1.0 0.0 X 0 0 0 SHARON DANE TRUSTEE - Thru Dec 21 1.0 0.0 X 0 0 0 DR FELIX L GLAUBACH TRUSTEE 1.0 0.0 X 0 0 0 ALAN E GOLDBERG TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL JESSELSON TRUSTEE 1.0 0.0 X 0 0 0 SHEON KAROL TRUSTEE - Thru Jun 22 1.0 0.0 X 0 0 0 RABBI E SAMUEL KLIBANOFF TRUSTEE 1.0 0.0 X 0 0 0 LAIZER KORNWASSER TRUSTEE 1.0 0.0 X 0 0 0 DR RAMA KOSLOWE TRUSTEE 1.0 0.0 X 0 0 0 ELIOT LAUER TRUSTEE 1.0 0.0 X 0 0 0 DAVID MARKOWITZ TRUSTEE 1.0 0.0 X 0 0 0 ALIZA WEIN MERMELSTEIN TRUSTEE 1.0 0.0 X 0 0 0 DAVID OTTENSOSER TRUSTEE 1.0 0.0 X 0 0 0 MORDY ROTHBERG TRUSTEE 1.0 0.0 X 0 0 0 DAVID B SCHWARTZ TRUSTEE 1.0 0.0 X 0 0 0 MOSHAEL J STRAUS TRUSTEE 1.0 0.0 X 0 0 0 STEVE TEICHMAN TRUSTEE 1.0 0.0 X 0 0 0 LOUIS TUCHMAN TRUSTEE 1.0 0.0 X 0 0 0 RABBI DANIEL TURKEL TRUSTEE 1.0 0.0 X 0 0 0 ANDREW J LAUER TRUSTEE/VP/GEN COUNSEL 1.0 0.0 X X 0 0 0 HARVEY WRUBEL TRUSTEE 1.0 0.0 X 0 0 0 JACOB HARMAN VP BUS AFFAIRS/CFO THRU JUN 22 1.0 0.0 X 0 0 0 880910 0 551369 20 false true false SCHOLASTIC TRANSPORTATION PO BOX 100734 BROOKLYN NY 11210 TRANSPORTATION 430173 JOHN LECKIE INC 348 RAILROAD AVE HACKENSACK NJ 07601 TRANSPORTATION 378041 BLANK ROME LLP 130 NORTH 180 STREET PHILADELPHIA PA 19103 LEGAL 121136 CAMP DINA 5515 NEW UTRECHT AVE BROOKLYN NY 11219 STUDENT PROGRAMMING 100626 4 242486 1775880 2021505 25299 4039871 STUDENT TUITION & FEES 900099 14342396 14342396 STUDENT DORM/FOOD/TRANSPORTATION 900099 1028135 1028135 PTACH PROGRAM FOR CHILDREN WITH DISABILITIES 900099 142120 142120 STUDENT EDUCATION PROGRAMS 900099 266926 266926 15779577 187157 -874 188031 0 0 0 0 0 5166768 3717460 1449308 1449308 1449308 10160 242486 101275 -91115 -91115 0 0 0 0 0 0 LOAN FORGIVENESS - PPP1 900099 2189077 2189077 2189077 23553875 15779577 -874 3735301 0 3648935 3648935 0 0 487500 487500 0 7545039 7455039 0 90000 153007 151182 1825 1306122 1293232 12890 614489 607604 6885 0 200915 200915 63250 63250 0 0 88247 88247 105551 105551 5162 5162 643420 643420 84383 81772 2611 0 79953 72136 7817 1253024 1252863 161 0 152590 152590 0 0 173503 173503 0 ALLOCATED EXPENSES 1220000 854000 366000 STUDENT ACTIVITY 567847 525907 41940 HOUSEKEEPING 157920 157623 297 SECURITY 305055 233486 71569 222871 7122 215749 19078783 16980991 1944091 153701 58093 57060 0 0 90385 784646 946974 133443 0 0 0 0 0 0 0 0 0 0 5745332 3776012 2069377 1969320 7184057 6582848 10486317 9103839 0 0 0 0 1839518 824665 22674721 19455821 1895247 1462907 0 0 619933 667471 0 0 0 0 0 0 0 0 3998243 1808266 0 0 6513423 3938644 X -1901021 -1078836 18062319 16596013 16161298 15517177 22674721 19455821 X 4475092 -2619213 -2500000 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15819822 14900 -967609 337841 405946 14123326 12630045 63500 3984053 335932 521844 0 15819822 14140189 124178 -141035 328745 1164542 0 12630045 14533003 151000 244102 323329 464587 0 14140189 14651305 177557 706553 321592 680820 0 14533003 0.06990 0.71900 0.21110 true false 435000 435000 5186322 3728841 1457481 124010 47171 76839 1969320 ALTERNATIVE/OTHER INVESTMENTS 9103839 F 9103839 17298755 -2619213 -2619213 19917968 88247 3547660 3635907 23553875 17942876 2601275 2601275 15341601 88247 3648935 3737182 19078783 FORM 990, SCHEDULE D, PART V, LINE 4 THE HIGH SCHOOLS' ENDOWMENT FUNDS ARE INTENDED FOR STUDENT SCHOLARSHIPS AND PRIZES, INSTRUCTION AND TRAINING. FORM 990, SCHEDULE D, PART XI, LINE 4B RECLASS OF SCHOLARSHIP EXPENSES OF $3,648,935 THAT ARE NETTED AGAINST TUITION REVENUE FOR FINANCIAL STATEMENT PURPOSES AND SPECIAL EVENT EXPENSES OF ($101,275) THAT ARE OFFSET AGAINST FUNDRAISING INCOME FOR FORM 990 PURPOSES, TOTALING $3,547,660. FORM 990, SCHEDULE D, PART XII, LINE 2D RECLASS OF SPECIAL EVENT EXPENSES OF $101,275 AND ELIMINATION OF REPAYMENT OF PRIOR YEAR YESHIVA UNIVERSITY SUBSIDIES OF $2,500,000 TOTALING $2,601,275. FORM 990, SCHEDULE D, PART XII, LINE 4B RECLASS OF SCHOLARSHIP EXPENSES OF $3,648,935 FORM 990, SCHEDULE D, PART X, LINE 2 - FIN 48 EFFECTIVE JULY 1, 2007, THE HIGH SCHOOLS ADOPTED THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, AN INTERPRETATION OF FASB STATEMENT NO. 109 (FIN 48). FIN 48 CLARIFIED THE ACCOUNTING FOR UNCERTAIN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FIN 48 ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE, AND TRANSITION. THERE WAS NO MATERIAL IMPACT TO THE HIGH SCHOOL'S FINANCIAL STATEMENTS AS A RESULT OF THE ADOPTION OF FIN 48 OR IN THIS REPORTING YEAR. THEREFORE, NO FIN 48 FOOTNOTE WAS INCLUDED IN THE FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED JUNE 30, 2022. FORM 990, SCHEDULE D, PART VII - INVESTMENTS THE HIGH SCHOOLS' ALTERNATIVE INVESTMENTS AND PUBLICLY TRADED SECURITIES PRIMARILY REPRESENT OWNERSHIP INTERESTS IN THE YESHIVA UNIVERSITY CONSOLIDATED INVESTMENT POOL. THE HIGH SCHOOOLS ALSO HAVE CERTAIN SEPARATELY INVESTED ASSETS WHICH ARE ALSO MANAGED BY YESHIVA UNIVERSITY. true true true true true true true false false false false false false false false true false true SCHEDULE E - PART I - LINE 3 THE NONDISCRIMINATION POLICY CAN BE FOUND ON THE SCHOOLS' WEBSITE APPLICATION PORTAL AS WELL AS IN THE SCHOOL'S HANDBOOK, WHICH CAN ALSO BE FOUND ON THE SCHOOL'S WEBSITE. SCHEDULE E - PART I - LINE 6 YESHIVA UNIVERSITY HIGH SCHOOLS RECEIVED FUNDS FROM THE NEW YORK STATE EDUCATION DEPARTMENT DURING FY 2022 IN THE AMOUNT OF $1,705,995 AND FROM THE DEPARTMENT OF HOMELAND SECURITY IN THE AMOUNT OF $69,885. THE HIGH SCHOOLS' RIGHT TO SUCH AID HAS NEVER BEEN REVOKED OR SUSPENDED. Middle East and North Africa 0 0 Program Services EDUCATION 22750 0 0 0 0 22750 22750 false false false false false false FORM 990, SCHEDULE F, PART I, LINE 3- DETAILS OF ACTIVITIES OUTSIDE THE US ISRAEL EXCHANGE PROGRAM: A SELECT GROUP OF OUTSTANDING 10TH GRADERS FROM THE MARSHA STERN TALMUDICAL ACADEMY YESHIVA UNIVERSITY HIGH SCHOOL FOR BOYS (YUHSB) AND FROM THE SAMUEL H. WANG YESHIVA UNIVERSITY HIGH SCHOOL FOR GIRLS (YUHSG) PARTICIPATE IN A STUDENT EXCHANGE PROGRAM WITH ISRAELI HIGH SCHOOLS. THIS PROGRAM PROVIDES AN OPPORTUNITY FOR YUHSB AND YUHSG STUDENTS TO OBTAIN AN EXPERIENTIAL APPRECIATION FOR THE TORAH OF ERETZ ISRAEL AND PROVIDES THE STUDENTS WITH SERIOUS RELIGIOUS AND INTELLECTUAL GROWTH, CHESED AND LEADERSHIP TRAINING. ANNUAL DINNER 252646 242486 10160 1952 46986 52337 0 252646 242486 10160 1952 46986 52337 101275 -91115 true STUDENT SCHOLARSHIPS AND PRIZES 398 3648935 FORM 990, SCHEDULE I, PART I & III - SUPPLEMENTAL INFORMATION THE HIGH SCHOOLS OFFERS ASSISTANCE TO ITS STUDENTS THROUGH MERIT BASED SCHOLARSHIPS AND NEED BASED FINANCIAL AID. MERIT BASED SCHOLARSHIPS ARE AWARDED BASED ON THE DECISIONS OF A COMMITTEE COMPRISED OF FACULTY AND EDUCATION LEADERSHIP BASED ON A VARIETY OF CHARACTER BASED ACADEMIC CRITERIA. NEED BASED FINANCIAL AID IS AWARDED BY THE OFFICE OF STUDENT FINANCE BASED BOTH ON THE RECOMMENDATION OF THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS AND THE HIGH SCHOOLS' OWN INDEPENDENT ASSESSMENT OF A FAMILY'S ABILITY TO PAY. X true true X X X X X X false false false false false false false false false RABBI JOSHUA KAHN HEAD OF SCHOOL 186737 0 12500 0 0 0 7875 0 109431 0 316543 0 0 0 RABBI DOV EMERSON DIRECTOR TEACHING/LEARNING 72636 0 0 0 0 0 5114 0 165928 0 243678 0 0 0 BRACHA RUTNER HEAD OF SCHOOL 151624 0 15000 0 0 0 4463 0 50628 0 221715 0 0 0 RABBI SHIMON SCHENKER ASSOCIATE PRINCIPAL 124541 0 0 0 4329 0 0 0 59395 0 188265 0 0 0 RABBI TANCHUM COHEN TEACHER/PROGRAM DIRECTOR 148045 0 0 0 4329 0 0 0 27597 0 179971 0 0 0 FORM 990, SCHEDULE J, PART II - DETAILS OF COMPENSATION RABBI JOSHUA KAHN - COLUMN C INCLUDES EMPLOYER CONTRIBUTIONS TO A SECTION 403(B) RETIREMENT PLAN. COLUMN D INCLUDES NON-TAXABLE MEDICAL BENEFITS, THE COSTS OF AN EMPLOYER PROVIDED CELL PHONE USED FOR BUSINESS PURPOSES, TUITION AND THE PORTION OF RABBI KAHN'S SALARY THAT IS DESIGNATED AS NON-TAXABLE PARSONAGE. MS. BRACHA RUTNER BECAME THE YUHSG HEAD OF SCHOOL JULY 2020. PREVIOUSLY, SHE WAS YUHSG'S ASSISTANT PRINCIPAL. COLUMN C INCLUDES EMPLOYER CONTRIBUTIONS TO A SECTION 403(B) RETIREMENT PLAN. COLUMN D INCLUDES NONTAXABLE MEDICAL BENEFITS, THE COSTS OF AN EMPLOYER PROVIDED CELL PHONE USED FOR BUSINESS PURPOSES, TUITION AND THE PORTION OF MS. RUTNER'S SALARY THAT IS DESIGNATED AS NON-TAXABLE PARSONAGE. RABBI SHIMON SCHENKER - COLUMN D INCLUDES NON-TAXABLE MEDICAL BENEFITS, THE COSTS OF AN EMPLOYER PROVIDED CELL PHONE USED FOR BUSINESS PURPOSES AND THE PORTION OF RABBI SCHENKER'S SALARY THAT IS DESIGNATED AS NON-TAXABLE PARSONAGE. RABBI TANCHUM COHEN - COLUMNN D INCLUDES NON-TAXABLE MEDICAL BENEFITS. RABBI DOV EMERSON - COLUMN C INCLUDES EMPLOYER CONTRIBUTIONS TO A SECTION 403(B) RETIREMENT PLAN. COLUMN D INCLUDES NON-TAXABLE MEDICAL BENEFITS, THE COSTS OF AN EMPLOYER PROVIDED CELL PHONE USED FOR BUSINESS PURPOSES, TUITION AND THE PORTION OF RABBI EMERSON'S SALARY THAT IS DESIGNATED AS NON-TAXABLE PARSONAGE. FORM 990, PART VII, LINE 5 AND SCHEDULE J COMPENSATION FROM UNRELATED ORGANIZATION THE HIGH SCHOOLS' PRESIDENT, SENIOR VICE PRESIDENT, CFO/VP FOR BUSINESS AFFAIRS, AND VP FOR LEGAL AFFAIRS ARE ALSO OFFICERS OF YESHIVA UNIVERSITY, AN AFFILIATED BUT UNRELATED ORGANIZATION FOR FORM 990 REPORTING PURPOSES. THE UNIVERSITY PROVIDES CERTAIN FINANCIAL, ADMINISTRATIVE, LEGAL, FACILITIES AND HUMAN RESOURCE SERVICES TO THE HIGH SCHOOLS. THESE OFFICERS ARE PAID SOLELY BY YESHIVA UNIVERSITY THROUGH THE UNIVERSITY'S PAYROLL SYSTEM AND THEIR FULL COMPENSATION AND BENEFITS ARE REPORTED ON YESHIVA UNIVERSITY'S FORM 990. FORM 990, SCHEDULE J, PART I PART I, LINE 1A - THE HOUSING ALLOWANCE REFERS TO THE PARSONAGE SALARY DESIGNATION RECEIVED BY CERTAIN EMPLOYEES LISTED IN PART VII AND DETAILED ABOVE. X 62 25299 FMV false true false FORM 990, PART III, LINE 1 - ORGANIZATION'S MISSION YESHIVA UNIVERSITY HIGH SCHOOL FOR BOYS: GUIDED BY THE VISION OF THE RAV, ZT'L, THE MISSION OF THE YESHIVA UNIVERSITY HIGH SCHOOL FOR BOYS IS TO PROVIDE AN OUTSTANDING SECONDARY JEWISH EDUCATION THROUGH AN UNWAVERING COMMITMENT TO SERIOUS TORAH LEARNING, THE INSTILLING OF A STRONG AND PASSIONATE LOVE FOR ERETZ YISRAEL, AND THE RIGOROUS STUDY OF MODERN SCIENCE AND THE HUMANITIES. WITH ACCESS TO A CARING COMMUNITY OF TEACHERS AND MENTORS, AND THE RESOURCES OF YESHIVA UNIVERSITY, OUR B'NAI TORAH HAVE AN UNPARALLELED EXPERIENCE WHERE INTERESTS ARE IGNITED, BONDS ARE FORGED, AND THE PATHS TO A LIFE OF MEANING AND DISTINCTION ARE CHARTED. YESHIVA UNIVERSITY HIGH SCHOOL FOR GIRLS: OUR DISTINGUISHED HISTORY IN JEWISH EDUCATION DATES BACK TO 1948. OUR VISION IS AS INNOVATIVE AND CREATIVE AS THE 21ST CENTURY ITSELF. THE SPIRITUAL AND ACADEMIC LIFE OF YESHIVA UNIVERSITY HIGH SCHOOL FOR GIRLS IS BUILT UPON THE PHILOSOPHY OF TORAH U'MADDA L'KHATCHILA. WE BELIEVE THAT THE SYNTHESIS OF JEWISH LAW AND LIFE AND THE WISDOM OF WORLD CIVILIZATION RESULTS IN A HEIGHTENED AND ENRICHED JUDAISM. OUR MISSION DIRECTS OUR STUDENTS TO BE KNOWLEDGEABLE, HALAKHICALLY COMMITTED JEWS AND BROADLY EDUCATED, INTELLECTUALLY CURIOUS, AND CARING MEMBERS OF SOCIETY. AS LIFE LONG LEARNERS, OUR STUDENTS DEVELOP A PERSONAL DEVOTION TO G-D, TORAH LEARNING, INTEGRITY AND COMMITTMENT TO ETHICAL BEHAVIOR. IDENTIFICATION WITH THE DESTINY OF OUR FELLOW JEWS AROUND THE WORLD, LOYALTY TO ERETZ YISRAEL, AND RECOGNITION OF THE MODERN STATE OF ISRAEL AS THE SPIRITUAL HOMELAND OF THE JEWISH PEOPLE AND THE FULFILLMENT OF A RELIGIOUS ZIONIST VISION, ARE ALL CORNERSTONES OF OUR EDUCATIONAL PROGRAM. OUR COMMITMENT TO TORAH U'MADDA REQUIRES STUDENTS TO PURSUE ALL ACADEMIC STUDIES WITH THE INTENT OF ACHIEVING A GREATER UNDERSTANDING OF THE WORLD, REACHING FOR PERSONAL SCHOLASTIC ACHIEVEMENT, AND MAKING A LASTING DIFFERENCE IN OUR COMMUNITY. FORM 990, PART VI, SECTION A, LINE 11B - BOARD REVIEW OF FORM 990 THE YESHIVA UNIVERSITY HIGH SCHOOLS' FORM 990 WAS REVIEWED AND SIGNED BY AN INDEPENDENT ACCOUNTING FIRM BASED ON A DRAFT RETURN PREPARED BY THE HIGH SCHOOLS' FINANCE STAFF AND DIRECTOR OF TAX. THE DRAFT RETURN WAS REVIEWED BY THE HIGH SCHOOLS' SENIOR VICE PRESIDENT, CHIEF FINANCIAL OFFICER AND GENERAL COUNSEL. THE FINAL VERSION OF THE FORM 990 WAS MADE AVAILABLE TO THE BOARD OF TRUSTEES VIA A SECURE WEB SITE PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. THE FORM 990, AS FILED, IS MADE AVAILABLE TO THE PUBLIC IN ACCORDANCE WITH INTERNAL REVENUE SERVICE RULES AND REGULATIONS. FORM 990, PART VI, SECTION B, LINE 12C - CONFLICT OF INTEREST POLICY THE OFFICERS AND BOARD MEMBERS OF THE YESHIVA UNIVERSITY HIGH SCHOOLS ARE SUBJECT TO THE FOLLOWING CONFLICT OF INTEREST POLICY AND PROCEDURES: THE POLICY APPLIES TO ALL MEMBERS OF THE HIGH SCHOOLS' BOARD OF TRUSTEES AND BOARD COMMITTEES, OFFICERS AND KEY EMPLOYEES OF THE HIGH SCHOOL AND SELECT EMPLOYEES AS DESIGNATED BY THE GENERAL COUNSEL (COLLECTIVELY, THE "COVERED PERSONS"). THE POLICY PROVIDES THAT COVERED PERSONS ARE TO ACT AT ALL TIMES IN A MANNER CONSISTENT WITH THEIR RESPONSIBILITIES TO THE HIGH SCHOOL AND AVOID CIRCUMSTANCES IN WHICH THEIR FINANCIAL OR OTHER TIES TO OUTSIDE ENTITIES COULD PRESENT AN ACTUAL, POTENTIAL OR APPARENT CONFLICT OF INTEREST OR IMPAIR THE HIGH SCHOOLS' REPUTATION. FURTHER, ALL COVERED PERSONS ARE NOT TO ENGAGE IN BUSINESS WITH THE HIGH SCHOOL. IN THE CASE OF A RARE EXCEPTION, A GOVERNANCE COMMITTEE HAS BEEN ESTABLISHED TO REVIEW THE FACTS AND, IF IT IS IN THE HIGH SCHOOLS' BEST INTERESTS, APPROVE SUCH EXCEPTIONS. CONFLICT WAIVER REQUESTS CONSIDERED BY THE COMMITTEE, WHETHER OR NOT APPROVED, ARE REPORTED TO THE BOARD OF TRUSTEES. QUESTIONS AS TO WHETHER A TRANSACTION CONSTITUTES A RELATED PARTY TRANSACTION WITH RESPECT TO COVERED PERSONS ARE RESOLVED BY THE CONFLICTS WAIVER COMMITTEE AND THE PRESIDENT IN CONSULTATION WITH THE GENERAL COUNSEL. COVERED PERSONS ARE REQUIRED TO COMPLETE, SIGN AND SUBMIT TO THE GENERAL COUNSEL AN ANNUAL DISCLOSURE STATEMENT; TO PROMPTLY NOTIFY THE GENERAL COUNSEL OF ANY CHANGE IN THE INFORMATION PREVIOUSLY REPORTED ON SUCH PERSON'S DISCLOSURE STATEMENT; AND TO FURNISH SUPPLEMENTAL INFORMATION AND/OR CONFIRM THE CONTINUED ACCURACY OF THE CURRENT DISCLOSURE STATEMENT, IF REQUESTED BY THE GENERAL COUNSEL. IN ADDITION, A COVERED PERSON WHO BELIEVES A CURRENT, PENDING OR PROPOSED TRANSACTION WOULD CONSTITUTE A RELATED PARTY TRANSACTION OR OTHERWISE CONSTITUTE AN ACTUAL, POTENTIAL OR APPARENT CONFLICT OF INTEREST, IS REQUIRED TO PROMPTLY DISCLOSE TO THE GENERAL COUNSEL AND TO THE CHAIR OF EACH BOARD AND COMMITTEE OF WHICH THE COVERED PERSON IS A MEMBER, THE EXISTENCE OF THE CONFLICT (OR APPEARANCE OF CONFLICT) AND OTHER MATERIAL INFORMATION THAT THE COVERED PERSON MAY HAVE REGARDING THE TRANSACTION. NEW COVERED PERSONS ARE PROVIDED WITH A COPY OF THE CONFLICT OF INTEREST POLICY AND DISCLOSURE STATEMENT. THE DETAILS OF THE POLICY AND ITS REQUIREMENTS ARE REVIEWED WITH THEM. THE GENERAL COUNSEL MAINTAINS A DATABASE OF THE DISCLODSURE STATEMENTS OF COVERED PERSONS AND A SYSTEM FOR MONITORING CURRENT, PENDING AND PROPOSED TRANSACTIONS FOR POTENTIAL INTERESTED TRANSACTIONS BASED ON THE DISCLOSURES MADE IN EACH COVERED PERSON'S ANNUAL DISCLOSURE STATEMENT AND ANY PERIODIC UPDATES SUBMITTED PURSUANT TO THE POLICY. IN ADDITION TO THE CONFLICT OF INTEREST POLICY ABOVE FOR COVERED PERSONS, HIGH SCHOOL EMPLOYEES ARE ALSO SUBJECT TO ADDITIONAL CONFLICT OF INTEREST REPORTING REQUIREMENTS AS SET FORTH IN THE EMPLOYEE HANDBOOK. FORM 990, PART VI, SECTION B, LINE 15A AND 15B - COMPENSATION REVIEW THE COMPENSATION OF ALL EMPLOYEES EARNING IN EXCESS OF A SPECIFIED THRESHOLD SALARY LEVEL, AS WELL AS ALL OF THE HIGH SCHOOLS' OFFICERS AND KEY EMPLOYEES, IS REVIEWED BY YESHIVA UNIVERSITY'S AND THE HIGH SCHOOLS' COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. THE INDEPENDENT MEMBERS OF THE COMMITTEE CONDUCT A DETAILED REVIEW AND APPROVAL OF SUCH COMPENSATION UTILIZING COMPARABILITY DATA FROM THIRD PARTY SALARY SURVEYS AND FORM 990 SALARY DISCLOSURES FROM OTHER ORGANIZATIONS. CONTEMPORANEOUS DOCUMENTATION OF THE COMMITTEE'S DELIBERATION AND DECISIONS ARE MADE A PART OF THE COMMITTEE'S WRITTEN MINUTES. FORM 990, PART VI, SECTION C, LINE 19 - PUBLIC DISCLOSURE THE HIGH SCHOOLS DOES NOT CURRENTLY MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. THE HIGH SCHOOLS DOES MAKE ITS FORM 990 AND 990-T AVAILABLE TO THE PUBLIC IN ACCORDANCE WITH INTERNAL REVENUE SERVICE RULES AND REGULATIONS. FORM 990, PART VI, LINE 2, BOARD - OFFICER RELATIONSHIPS ANDREW LAUER (OFFICER) AND HARVEY WRUBEL (TRUSTEE) HAVE A FAMILY RELATIONSHIP. MIRIAM GOLDBERG (TRUSTEE) AND ALAN GOLDBERG (TRUSTEE) HAVE A FAMILY RELATIONSHIP. FORM 990, PART I, LINE 6 - VOLUNTEERS IN ADDITION TO THE BOARD MEMBERS WHO SERVE WITHOUT COMPENSATION, THE HIGH SCHOOLS UTILIZES MANY VOLUNTEERS IN THE CONDUCT OF ITS ACTIVITIES, HOWEVER, IT DOES NOT TRACK THE NUMBER OF THESE ADDITIONAL VOLUNTEERS. FORM 990, PART VII - AVERAGE HOURS PER WEEK THE AVERAGE HOURS PER WEEK LISTED FOR THE KEY EMPLOYEES AND HIGHEST PAID EMPLOYEES REPRESENT THE HIGH SCHOOLS' OFFICIAL WORK WEEK. HOWEVER, IN PRACTICE, SUCH INDIVIDUALS WORK SIGNIFICANTLY MORE HOURS PER WEEK AND ARE EXPECTED TO BE AVAILABLE FOR HIGH SCHOOLS BUSINESS AT ALL TIMES OTHER THAN THE SABBATH AND JEWISH HOLIDAYS. FORM 990, PART V - COMMON PAY AGENT THE HIGH SCHOOLS AUTHORIZES YESHIVA UNIVERSITY TO BE ITS COMMON PAY AGENT FOR FEDERAL AND STATE EMPLOYMENT TAX REPORTING AND PAYING PURPOSES. ACCORDINGLY, YESHIVA UNIVERSITY FILES ALL OF THE HIGH SCHOOLS EMPLOYMENT TAX RETURNS WITH THE IRS AND NEW YORK, INCLUDING FORMS W-2 AND W-3. IN ADDITION, SINCE YESHIVA UNIVERSITY PERFORMS THE ACCOUNTS PAYABLE AND PROCUREMENT FUNCTIONS ON BEHALF OF THE HIGH SCHOOLS, YESHIVA UNIVERSITY FILES FORMS 1099 AND 1096 ON BEHALF OF THE HIGH SCHOOLS. ACCORDINGLY, THE HIGH SCHOOLS FORM 990, PART V, QUESTIONS 1A AND 1B ARE REPORTED AS ZERO EVEN THOUGH THE HIGH SCHOOLS DOES EMPLOY ITS OWN EMPLOYEES AND REPORTS ITS OWN INDEPENDENT CONTRACTORS ON PART VII, SECTION B. CHARITABLE REMAINDER TRUST - 1 FUNDRAISING NY NA T false false false false false false false false false false false false false false false false false false false false