2019-05-10T15:06:07-05:00 2018-06-30 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2017-07-01 135645885 NEW YORK LAW SCHOOL NEWY 2124312100 185 WEST BROADWAY NEW YORK NY 10013 STUART A KLEIN TREASURER/EXEC VP/CFO 2124312100 2019-05-10 1 ROBERT R LYONS CPA P00227472 2125038800 47.19.112.226 2019-05-10 15:03:10 ED P CE55B992A4E7BB938BB83E29A744DC585541D033 C9F00FD95E436BC684235A774996A9E8B56183B1 2017 2019-02-21 02:37:17Z ANTHONY W CROWELL 185 WEST BROADWAY NEW YORK NY 10013 217786383 0 X WWW.NYLS.EDU X 1891 NY THE MISSION OF NEW YORK LAW SCHOOL IS TO PROVIDE ITS STUDENTS WITH KNOWLEDGE, SKILL (SEE SCHEDULE O) AND ETHICAL VALUES NEEDED FOR A CAREER IN LAW. 29 28 588 29 78281 0 2587573 2464284 42683050 49167719 6186934 31408190 1659277 1411984 53116834 84452177 15489927 19973175 0 0 26915423 25769111 0 0 1204331 31167901 30724691 73573251 76466977 -20456417 7985200 368511994 357762468 180457335 175209722 188054659 182552746 THE MISSION OF NEW YORK LAW SCHOOL IS TO PROVIDE ITS STUDENTS WITH KNOWLEDGE, SKILLS AND ETHICAL VALUES NEEDED FOR A CAREER IN LAW. 0 0 64954545 19973175 49167719 HIGHER EDUCATION INSTRUCTION: TO OFFER A VIBRANT, DIVERSE, AND FORWARD-THINKING CENTER OF LEGAL STUDIES WHERE STUDENTS DEVELOP THE KNOWLEDGE, SKILLS, AND PROFESSIONAL VALUES TO SERVE THEIR CLIENTS AND HAVE SUCCESSFUL CAREERS ADVANCING JUSTICE, BUILDING THE ECONOMY, AND SERVING THE VARIOUS NEEDS OF MODERN SOCIETY. 1042 STUDENTS ENROLLED IN THE JD AND LLM PROGRAMS. 282 GRADUATED DURING THE 2017/2018 PROGRAM YEAR. 64954545 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 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 0 0 0 0 1 53 0 1 588 1 1 1 0 0 0 0 1 1 0 0 0 0 X 29 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 NY X SUSAN REDLER VICE PRESIDENT FOR FIN 2124312100 185 WEST BROADWAY NEW YORK NY 10013 ALAN J SCHNURMAN TRUSTEE 1.00 X 0 0 0 ALAN W CLARK TRUSTEE 1.00 X 0 0 0 ANTHONY W CROWELL DEAN AND PRESIDENT 65.00 X X 490806 0 35568 ARTHUR N ABBEY CHAIRMAN OF THE BOARD 5.00 X X 0 0 0 CHARLES E PHILLIPS TRUSTEE 1.00 X 0 0 0 CYNTHIA G SENKO ROSICKI TRUSTEE 1.00 X 0 0 0 DAVID B CORNSTEIN TRUSTEE 1.00 X 0 0 0 EMERSON S MOORE II TRUSTEE 1.00 X 0 0 0 ERNST H ROSENBERGER VICE CHAIR 1.00 X X 0 0 0 ERROL B TAYLOR TRUSTEE 1.00 X 0 0 0 GERALD C CROTTY VICE CHAIR 1.00 X X 0 0 0 HON MARC WHITEN TRUSTEE 1.00 X 0 0 0 JEFFREY D KNOWLES VICE CHAIR 1.00 X X 0 0 0 JOE PLUMERI TRUSTEE 1.00 X 0 0 0 JOHN D MCMAHON TRUSTEE 1.00 X 0 0 0 JOHN E ESTES TRUSTEE 1.00 X 0 0 0 JOHN L REDDY JR TRUSTEE 1.00 X 2000 0 0 LAWRENCE N FIELD TRUSTEE 1.00 X 0 0 0 MERYL FIEDLER LIEBERMAN TRUSTEE 1.00 X 0 0 0 MICHAEL A COSTA TRUSTEE 1.00 X 0 0 0 NORMAN RADOW TRUSTEE 1.00 X 0 0 0 PAUL L PORRETTA TRUSTEE 1.00 X 0 0 0 ROSS F MOSKOWITZ TRUSTEE 1.00 X 0 0 0 STEVEN E PEGALIS TRUSTEE 1.00 X 0 0 0 SUSAN B MENDIK TRUSTEE 1.00 X 0 0 0 SYBIL SHAINWALD TRUSTEE 1.00 X 0 0 0 VICTOR RAMPERTAB TRUSTEE (OUTGOING) 1.00 X 0 0 0 VINCENT A CARBONELL TRUSTEE 1.00 X 0 0 0 ZYGMUNT WILF TRUSTEE 1.00 X 0 0 0 SUSAN HINKSON TRUSTEE 1.00 X 0 0 0 JOAN FISHMAN VP/BOARD SECRETARY (OUTGOING) 45.00 X 172072 0 22657 MATTHEW GEWOLB SECRETARY EFF. 2/6/18 45.00 X 0 0 0 STUART A KLEIN EVP/CFO/TREASURER 45.00 X 297571 0 18785 WILLIAM P LAPIANA ASSOCIATE DEAN 45.00 X 279425 0 36407 GERALD KORNGOLD FACULTY 35.00 X 304956 0 34995 JEFFREY HAAS FACULTY 35.00 X 263150 0 37039 LLOYD BONFIELD FACULTY 35.00 X 269481 0 22219 RICHARD CHUSED FACULTY 35.00 X 269639 0 18051 ROBERT BLECKER FACULTY 35.00 X 248816 0 34543 2597916 0 260264 80 0 1 0 ELLUCIAN COMPANY 2300 MAITLAND CENTER PARKWAY MAITLAND FL 32751 INFO TECH OUTSOURCING 1877108 BUILDING MAINTENANCE SERVICES 11 PENN PLAZA NEW YORK NY 10001 MAINT. SERVICES 1430442 SUMMIT SECURITY SERVICES 390 RXR PLAZA UNIONDALE NY 11556 SECURITY SERVICES 480165 VIDEO CORPORATION OF AMERICA PO BOX 5480 SOMERSET NJ 08875 IT SERVICES 328510 SKYLINE RESTORATION INC 49-28 31ST PLACE LONG ISLAND CITY NY 11101 CONSTRUCTION 261312 9 409589 541080 1513615 128319 2464284 TUITION & FEES 611710 47438000 47438000 AUXILIARY 611710 1700163 1700163 SUBSCRIPTION 611710 29556 29556 49167719 2933943 78281 2855662 2870107 1613364 1256743 1256743 1256743 157336639 2800000 131662392 0 25674247 2800000 28474247 28474247 58450 409589 58450 0 MISCELLANEOUS 900099 155241 155241 155241 84452177 49167719 78281 32741893 19973175 19973175 1563260 105960 1457300 20995420 17302603 3187140 505677 790767 633376 137188 20203 968719 442961 439205 86553 1450945 1115399 297263 38283 509041 509041 68000 68000 972346 972346 3650596 2828553 739950 82093 36842 17989 18853 575446 490247 54618 30581 2710131 2432260 220437 57434 1613364 1613364 229123 210907 17090 1126 914744 804057 110631 56 6651893 5955915 548257 147721 7672684 6869902 632392 170390 641760 575087 52522 14151 UTILITIES 1380441 1236007 113778 30656 MISCELLANEOUS 1043277 745658 297619 0 EQUIP. MAINT & REPAIRS 878909 762029 98033 18847 BOOKS AND SERIALS 842921 839096 3265 560 333173 333173 76466977 64954545 10308101 1204331 2237256 2254624 7275358 10319807 3127435 2570534 661754 393438 1355509 1187349 16119 15384 3525743 3506118 237008034 96969714 146890916 140038320 89371388 126429639 110100681 66518670 3949835 4528585 368511994 357762468 9021565 7174509 2308778 1514260 270081 323662 140210000 139605000 28646911 26592291 180457335 175209722 X 138434367 132476700 16193392 16718200 33426900 33357846 188054659 182552746 368511994 357762468 X 7985200 -13834702 347589 X X 0 1 X 1 1 1 X 768481 X 0 43465752 42918 1840921 648212 613705 44087674 42311879 101059 2349207 619530 676863 43465752 43702917 375350 -718833 374235 673320 42311879 42256372 316221 1962598 199950 632324 43702917 39398119 327046 3718723 504097 683419 42256372 0.75660 0.24340 1 0 704458 704458 199607668 66325520 133282148 35927427 30644194 5283233 768481 768481 140038320 HEDGE FUNDS 33859061 F PRIVATE INVESTMENTS 32659609 F 66518670 POSTRETIREMENT BENEFITS 14562219 BOND PREMIUM 12030072 26592291 X 51142205 -13834702 497905 -13336797 64479002 19973175 19973175 84452177 56644118 150316 150316 56493802 19973175 19973175 76466977 PART III, LINE 4: VARIOUS ART COLLECTIONS WERE GIVEN TO FURTHER THE CREATIVITY AND FREEDOM OF EXPRESSION OF ARTISTS AND LAWYERS IN THEIR RESPECTIVE FIELDS, AND TO FURTHER THE ONGOING AND NECESSARY DIALOGUE AND INFLUENCE BETWEEN THOSE TWO DISCIPLINES ESSENTIAL TO THE QUALITY OF LIFE AND VIBRANCE OF NY TRIBECA AND THE DOWNTOWN COMMUNITY WHICH SERVES AS HOME TO NYLS. PART V, LINE 4: NEW YORK LAW SCHOOL'S ENDOWMENT CONSISTS OF A NUMBER OF FUNDS SET UP BY DONORS FOR DIFFERENT PURPOSES. THE FUNDING IS USED FOR SCHOLARSHIPS, FACULTY RESEARCH, FACULTY PROGRAMS, AND OTHER COSTS IN ACCORDANCE WITH DONOR RESTRICTIONS. NYLS HAS ADOPTED INVESTMENT SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT. PART X, LINE 2: THE SCHOOL BELIEVES IT HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2018 AND 2017 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, "INCOME TAXES," WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: AMORTIZATION OF BOND PREMIUM 439,455. FUNDRAISING EXPENSES 58,450. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP PAYMENTS 19,973,175. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 58,450. TRANSPORTATION BENEFITS 91,866. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP PAYMENTS 19,973,175. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE POLICY IS POSTED ON SCHOOL WEBSITE AND PRINTED IN THE RECRUITMENT AND APPLICATION MATERIALS. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES GRANTS FROM THE DEPARTMENT OF EDUCATION. EUROPE (INCL. ICELAND) 0 0 PROGRAM SERVICES LONDON STUDY ABROAD 331092 UNITED KINGDOM 0 0 INVESTMENT INVESTMENT 3157717 0 0 0 0 0 0 3488809 0 3488809 0 0 0 0 1 0 NYLS GALA 468039 409589 58450 58450 468039 409589 58450 58450 58450 0 0 SCHOLARSHIP AND GRANTS 774 19973175 1 X X X X X X 0 0 0 0 0 0 0 0 0 ANTHONY W CROWELL DEAN AND PRESIDENT 489996 0 0 0 810 0 0 0 35568 0 526374 0 0 0 JOAN FISHMAN VP/BOARD SECRETARY (OUTGOING) 168667 0 0 0 3405 0 0 0 22657 0 194729 0 0 0 STUART A KLEIN EVP/CFO/TREASURER 294007 0 0 0 3564 0 0 0 18785 0 316356 0 0 0 WILLIAM P LAPIANA ASSOCIATE DEAN 272567 0 0 0 6858 0 0 0 36407 0 315832 0 0 0 GERALD KORNGOLD FACULTY 290098 0 0 0 14858 0 0 0 34995 0 339951 0 0 0 JEFFREY HAAS FACULTY 200735 0 0 0 62415 0 0 0 37039 0 300189 0 0 0 LLOYD BONFIELD FACULTY 240650 0 0 0 28831 0 0 0 22219 0 291700 0 0 0 RICHARD CHUSED FACULTY 261639 0 0 0 8000 0 0 0 18051 0 287690 0 0 0 ROBERT BLECKER FACULTY 226708 0 0 0 22108 0 0 0 34543 0 283359 0 0 0 A BUILD NYC SERIES 2017 454040561 12008EKV7 2016-01-01 605000 REFINANCING 0 1 0 B BUILD NYC SERIES 2018 454040561 12008EKW5 2016-01-01 1180000 REFINANCING 0 1 0 C BUILD NYC SERIES 2019 454040561 12008EKX3 2016-01-01 1930000 REFINANCING 0 1 0 D BUILD NYC SERIES 2020 454040561 12008EKY1 2016-01-01 2025000 REFINANCING 0 1 0 A 605000 605000 2573798 1 0 1 1 B 1180000 1 0 1 1 C 1930000 1 0 1 1 D 2025000 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 A 1 B 1 C 1 D 1 A BUILD NYC SERIES 2021 454040561 12008EKZ8 2016-01-01 2125000 REFINANCING 0 1 0 B BUILD NYC SERIES 2022 454040561 12008ELA2 2016-01-01 3010000 REFINANCING 0 1 0 C BUILD NYC SERIES 2023 454040561 12008ELB0 2016-01-01 3165000 REFINANCING 0 1 0 D BUILD NYC SERIES 2024 454040561 12008ELC8 2016-01-01 3320000 REFINANCING 0 1 0 A 2125000 1 0 1 1 B 3010000 1 0 1 1 C 3165000 1 0 1 1 D 3320000 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 A 1 B 1 C 1 D 1 A BUILD NYC SERIES 2025 454040561 12008ELD6 2016-01-01 3485000 REFINANCING 0 1 0 B BUILD NYC SERIES 2026 454040561 12008ELE4 2016-01-01 3660000 REFINANCING 0 1 0 C BUILD NYC SERIES 2027 454040561 12008ELF1 2016-01-01 3845000 REFINANCING 0 1 0 D BUILD NYC SERIES 2028 454040561 12008ELG9 2016-01-01 4035000 REFINANCING 0 1 0 A 3485000 1 0 1 1 B 3660000 1 0 1 1 C 3845000 1 0 1 1 D 4035000 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 A 1 B 1 C 1 D 1 A BUILD NYC SERIES 2029 454040561 12008ELH7 2016-01-01 4240000 REFINANCING 0 1 0 B BUILD NYC SERIES 2030 454040561 12008ELJ3 2016-01-01 4450000 REFINANCING 0 1 0 C BUILD NYC SERIES 2031 454040561 12008ELK0 2016-01-01 4675000 REFINANCING 0 1 0 D BUILD NYC SERIES 2032 454040561 12008ELL8 2016-01-01 4905000 REFINANCING 0 1 0 A 4240000 1 0 1 1 B 4450000 1 0 1 1 C 4675000 1 0 1 1 D 4905000 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 A 1 B 1 C 1 D 1 A BUILD NYC SERIES 2033 454040561 12008ELM6 2016-01-01 5085000 REFINANCING 0 1 0 B BUILD NYC SERIES 2034 454040561 12008ELN4 2016-01-01 5340000 REFINANCING 0 1 0 C BUILD NYC SERIES 2035 454040561 12008ELP9 2016-01-01 5605000 REFINANCING 0 1 0 D BUILD NYC SERIES 2036 454040561 12008ELS3 2016-01-01 5885000 REFINANCING 0 1 0 A 5085000 1 0 1 1 B 5340000 1 0 1 1 C 5605000 1 0 1 1 D 5885000 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 A 1 B 1 C 1 D 1 A TERM BOND 2041 454040561 12008ELR5 2016-01-01 34150000 REFINANCING 0 1 0 B TERM BOND 2045 454040561 12008ELQ7 2016-01-01 33490000 REFINANCING 0 1 0 A 34150000 1 0 1 1 B 33490000 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 A 1 B 1 X 691 128319 AVG. HIGH/LOW 0 0 0 PART I, COLUMN (B): THE NUMBER IN COLUMN (B) REPRESENTS THE NUMBER OF SHARES CONTRIBUTED. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT AND REVIEWED AND APPROVED BY THE AUDIT COMMITTEE AND THEN PRESENTED TO THE BOARD OF TRUSTEES FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST QUESTIONNAIRE IS DISTRIBUTED TO AND COMPLETED BY THE MEMBERS OF THE BOARD OF TRUSTEES OF THE SCHOOL ON AN ANNUAL BASIS. THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES IS RESPONSIBLE FOR NOTIFYING THE BOARD OF ANY DISCLOSED CONFLICTS. A CONFLICT OF INTEREST POLICY IS MADE AVAILABLE TO ALL EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS TO ESTABLISH THE RATES OF COMPENSATION FOR THE DEAN AND PRESIDENT AS WELL AS THE ASSOCIATE DEAN FOR ACADEMIC AFFAIRS AND STUDENT ENGAGEMENT AND THE EXECUTIVE VICE PRESIDENT / CHIEF FINANCIAL OFFICER STARTED WITH A STUDY BY AN INDEPENDENT COMPENSATION CONSULTANT. THE STUDY REVIEWED COMPENSATION AT SIMILAR HIGHER EDUCATIONAL INSTITUTIONS AND CONSIDERED SIZE, SCOPE OF PROGRAM, AND GEOGRAPHIC REGION. THE COMPLETED STUDY WAS THEN REVIEWED AND A RESULTING COMPENSATION PACKAGE WAS APPROVED BY THE INDEPENDENT MEMBERS OF THE BOARD OF TRUSTEES' EXECUTIVE COMMITTEE, ACTING AS THE COMPENSATION COMMITTEE. THE APPROVED PACKAGE WAS THEN DOCUMENTED AND TRANSMITTED TO THE VICE PRESIDENT OF HUMAN RESOURCES FOR IMPLEMENTATION. FORM 990, PART VI, SECTION C, LINE 18 THE NEW YORK LAW SCHOOL'S FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. FORM 990, PART VI, SECTION C, LINE 19 THE NEW YORK LAW SCHOOL MAKES ITS GOVERNING DOCUMENTS, FORM 990 AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: AMORTIZATION OF BOND PREMIUM 439,455. TRANSPORTATION BENEFITS -91,866. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR