NEW YORK INSTITUTE OF TECHNOLOGY: Form 990, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
NEW YORK INSTITUTE OF TECHNOLOGY (EIN 11-1788788)
Tax period
2017-09-01 to 2018-08-31
Filed
2019-07-10
IRS object ID
201941919349300434
Schema version
2017v2.3
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2019-07-10T11:59:41-05:00ReturnTs
Tax Period End2018-08-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GRANT THORNTON LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1757 THIRD AVENUE 3RD FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP100172013ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2017-09-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN111788788EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1New York Institute of TechnologyBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% BARBARA HOLAHANInCareOfNm
Business Name ControlNEWYBusinessNameControlTxt
Phone5166867915PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1NORTHERN BLVD GERRY HOUSE Suite 200AddressLine1Txt
CityOLD WESTBURYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11568ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBARBARA HOLAHANPersonNm
Person TitleCONTROLLERPersonTitleTxt
Phone5166867533PhoneNum
Signature2019-06-26SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonScott ThompsettPreparerPersonNm
PTINP00741490PTIN
Phone2125990100PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address209.220.136.124IPv4AddressTxt
FieldValueIRS element (for citing)
Federal Original Submission Id26377520191915000000FederalOriginalSubmissionId
Federal Original Submission Id2019-07-10FederalOriginalSubmissionIdDt
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id024128E793A9D8FEFAF8504B3BB53C976A1FEC3BAtSubmissionCreationDeviceId
At Submission Filing Device Id7D14034AF515942D2ABE7F7E27EA16D2649DB046AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerHENRY FOLEY PHDPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1NORTHERN BLVD GERRY HOUSEAddressLine1Txt
CityOLD WESTBURYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11568ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$419,755,987GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.NYIT.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1955FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionPROVIDE CAREER-ORIENTED PROFESSIONAL EDUCATION; GIVE ALL QUALIFIED STUDENTS ACCESS TO OPPORTUNITY; SUPPORT APPLICATIONS-ORIENTED RESEARCH THAT BENEFITS THE LARGER WORLD.ActivityOrMissionDesc
Voting Members Governing Body18VotingMembersGoverningBodyCnt
Voting Members Independent18VotingMembersIndependentCnt
Total Employee3189TotalEmployeeCnt
Total Volunteers5TotalVolunteersCnt
Total Gross UBI$4,768,869TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm-$196,608NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$5,038,958PYContributionsGrantsAmt
CY Contributions Grants$7,335,115CYContributionsGrantsAmt
PY Program Service Revenue$291,961,011PYProgramServiceRevenueAmt
CY Program Service Revenue$304,239,598CYProgramServiceRevenueAmt
PY Investment Income$2,048,212PYInvestmentIncomeAmt
CY Investment Income$8,104,071CYInvestmentIncomeAmt
PY Other Revenue$10,721,296PYOtherRevenueAmt
CY Other Revenue$7,501,606CYOtherRevenueAmt
PY Total Revenue$309,769,477PYTotalRevenueAmt
CY Total Revenue$327,180,390CYTotalRevenueAmt
PY Grants And Similar Paid$47,885,231PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$53,689,219CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$154,891,085PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$153,169,841CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$38,400PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$2,198,068CYTotalFundraisingExpenseAmt
PY Other Expenses$107,875,443PYOtherExpensesAmt
CY Other Expenses$106,932,462CYOtherExpensesAmt
PY Total Expenses$310,690,159PYTotalExpensesAmt
CY Total Expenses$313,791,522CYTotalExpensesAmt
PY Revenues Less Expenses-$920,682PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$13,388,868CYRevenuesLessExpensesAmt
Total Assets BOY$326,547,817TotalAssetsBOYAmt
Total Assets EOY$331,766,897TotalAssetsEOYAmt
Total Liabilities BOY$176,861,956TotalLiabilitiesBOYAmt
Total Liabilities EOY$180,577,642TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$149,685,861NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$151,189,255NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionNEW YORK INSTITUTE OF TECHNOLOGY (NYIT) OFFERS 90 DEGREE PROGRAMS, INCLUDING UNDERGRADUATE, GRADUATE, AND PROFESSIONAL DEGREES, IN MORE THAN 50 FIELDS OF STUDY, INCLUDING ARCHITECTURE AND DESIGN; ARTS AND SCIENCES; EDUCATION; ENGINEERING AND COMPUTING SCIENCES; HEALTH PROFESSIONS; MANAGEMENT; AND MEDICINE. A NON-PROFIT, INDEPENDENT, PRIVATE, AND NONSECTARIAN INSTITUTION OF HIGHER EDUCATION, NYIT HAS MORE THAN 10,000 STUDENTS WORLDWIDE. SINCE 1955, NYIT HAS PURSUED ITS MISSION TO: -PROVIDE CAREER-ORIENTED PROFESSIONAL EDUCATION -GIVE ALL QUALIFIED STUDENTS ACCESS TO OPPORTUNITY -SUPPORT APPLICATIONS-ORIENTED RESEARCH THAT BENEFITS THE LARGER WORLDMissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$291,125,260ExpenseAmt
Grant$53,689,219GrantAmt
Revenue$301,484,193RevenueAmt
DescNYIT PROVIDES UNDERGRADUATE, GRADUATE, AND DOCTORAL INSTRUCTION TO A DIVERSE STUDENT POPULATION APPROXIMATELY 11,000 STUDENTS ATTENDED THE INSTITUTION LAST YEAR AND 2,571 GRADUATED. Approximately 11,000 STUDENTS BECOME ENGAGED, TECHNOLOGICALLY SAVVY PHYSICIANS, ARCHITECTS, SCIENTISTS, ENGINEERS, BUSINESS LEADERS, DIGITAL ARTISTS, HEALTH CARE PROFESSIONALS, AND MORE. WITH CAMPUSES IN NORTH AMERICA, CHINA, AND THE MIDDLE EAST AS WELL AS ONLINE, NYIT'S STUDENT AND FACULTY GLOBAL EXCHANGE PROGRAMS, UNIQUE EXPERIENTIAL LEARNING PROGRAMS, AND NUMEROUS EXTRA- AND CO-CURRICULAR OPPORTUNITIES COMBINE TO CREATE A UNIQUE, 21ST-CENTURY LEARNING EXPERIENCE. THE INSTITUTE OFFERS THE FOLLOWING SCHOOLS AND COLLEGES: COLLEGE OF ARTS AND SCIENCES COLLEGE OF OSTEOPATHIC MEDICINE SCHOOL OF ARCHITECTURE AND DESIGN SCHOOL OF ENGINEERING AND COMPUTING SCIENCES SCHOOL OF HEALTH PROFESSIONS SCHOOL OF INTERDISCIPLINARY STUDIES & EDUCATION SCHOOL OF MANAGEMENT THE INSTITUTE OFFERS THE FOLLOWING DEGREES: ASSOCIATE IN APPLIED SCIENCE BACHELOR OF ARCHITECTURE BACHELOR OF ARTS BACHELOR OF FINE ARTS BACHELOR OF PROFESSIONAL STUDIES BACHELOR OF SCIENCE MASTER OF ARTS MASTER OF ARTS IN TEACHING MASTER OF BUSINESS ADMINISTRATION MASTER OF FINE ARTS MASTER OF SCIENCE DOCTOR OF PHYSICAL THERAPY DOCTOR OF OSTEOPATHIC MEDICINE Programmatic Revenues represent tuition and fees, room and board, the vocational independence program, ancillary educational services, and other educational Programs (reported on Line 11(d) of Part VIII of the 990).Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$6,949,513ExpenseAmt
Grant$0GrantAmt
Revenue$2,830,055RevenueAmt
DescNYIT'S ACADEMIC HEALTH CARE CENTERS OFFER HEALTH AND MEDICAL SERVICES TO STUDENTS, FACULTY, STAFF, AND COMMUNITY MEMBERS. THE CENTERS ARE STAFFED BY PHYSICIANS FROM NYIT'S COLLEGE OF OSTEOPATHIC MEDICINE -- ONE OF THE NATION'S MOST PRESTIGIOUS OSTEOPATHIC MEDICAL SCHOOLS -- AS WELL AS MEDICAL STUDENTS WHO ARE PREPARING TO ENTER VARIOUS HEALTH PROFESSIONS. THESE PRIMARY CARE CENTERS ARE OPERATED IN OLD WESTBURY AND CENTRAL ISLIP AND ARE STAFFED BY FACULTY FROM THE DEPARTMENTS OF FAMILY PRACTICE, CLINICAL SPECIALTIES, OSTEOPATHIC MANIPULATIVE MEDICINE, AS WELL AS PHYSICAL, OCCUPATIONAL, SPEECH THERAPISTS AND EXERCISE PHYSIOLOGISTS. THE CLINICS ARE AS FOLLOWS: A. W. KENNETH RILAND ACADEMIC HEALTH CARE CENTER: THIS PRIMARY CARE CLINIC SERVES THE OLD WESTBURY, N.Y., CAMPUS AND COMMUNITY. B. CENTRAL ISLIP FAMILY HEALTH CARE CENTER THIS 7,000-SQUARE-FOOT FACILITY SERVES THE CENTRAL ISLIP, N.Y., COMMUNITY USING AN ADVANCED MEDICAL RECORDS DATABASE AND BOARD-CERTIFIED PHYSICIANS UTILIZING OSTEOPATHIC MANIPULATIVE MEDICINE TO TREAT A WIDE RANGE OF AILMENTS. THESE CLINICS OFFER A WIDE VARIETY OF SERVICES, INCLUDING: ACUPUNCTURE, BREAST HEALTH, CLINICAL PSYCHOLOGY, FAMILY MEDICINE, GENERAL INTERNAL MEDICINE, GENETIC COUNSELING, OCCUPATIONAL THERAPY, OSTEOPATHIC MANIPULATIVE MEDICINE, PARKINSONS DISEASE TREATMENT, PEDIATRICS, PHYSICAL THERAPY, SPEECH PATHOLOGY AND TAI CHI. C. ADELE SMITHERS PARKINSONS DISEASE TREATMENT CENTER - THIS CENTER IS DEDICATED TO PARKINSONS DISEASE TREATMENT, COMMUNITY AWARENESS, RESEARCH, AND ENSURING THAT PATIENTS MAINTAIN THE BEST QUALITY OF LIFE. D. NYIT CENTER FOR SPORTS MEDICINE - THIS CENTER OFFERS INJURY EVALUATIONS, CARDIOPULMONARY EXERCISE TESTING, DIETARY AND NUTRITIONAL GUIDANCE, AND OTHER SPORTS-RELATED TREATMENT.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$298,074,773TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesYes (true)LobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsYes (true)ConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsYes (true)TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (true)ReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (true)ConsolidatedAuditFinclStmtInd
School OperatingYes (true)SchoolOperatingInd
Foreign OfficeYes (true)ForeignOfficeInd
Foreign ActivitiesYes (true)ForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesYes (true)FundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsYes (true)GrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With Officer EntfalseBusinessRlnWithOfficerEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityYes (true)DisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
IRP Document174IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee3189EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (true)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (true)Form990TFiledInd
Foreign Financial AccountYes (true)ForeignFinancialAccountInd
Foreign CountryEGForeignCountryCd
Foreign CountryCAForeignCountryCd
Foreign CountryBAForeignCountryCd
Foreign CountryAEForeignCountryCd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsYes (true)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (true)QuidProQuoContriDisclInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members18GoverningBodyVotingMembersCnt
Independent Voting Member18IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsYes (true)ChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonBARBARA HOLAHANPersonNm
Phone5166867555PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1NORTHERN BLVD GERRY HOUSE RM 200AddressLine1Txt
CityOLD WESTBURYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11568ZIPCd
FieldValueIRS element (for citing)
Info In Schedule O Part VIIYes (X)InfoInScheduleOPartVIIInd

Form990 Part VII Section A Form990PartVIISectionAGrp (34 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeIndFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
HENRY FOLEY
PRESIDENT (non-voting)60.00.0Yes (X)Yes (X)$501,454$0$26,150
KEVIN D SILVA
CHAIRPERSON5.00.0Yes (X)Yes (X)$0$0$0
PETER J ROMANO
VICE CHAIR5.00.0Yes (X)Yes (X)$0$0$0
MICHAEL J MERLO
VICE CHAIR5.00.0Yes (X)Yes (X)$0$0$0
CATHERINE ALLEN
TRUSTEE (as of 05/18)5.00.0Yes (X)$0$0$0
ERNIE ANASTOS
TRUSTEE5.00.0Yes (X)$0$0$0
RICHARD A CODY
TRUSTEE5.00.0Yes (X)$0$0$0
PHILIP FASANO
TRUSTEE5.00.0Yes (X)$0$0$0
PETER FERENTINOS
TRUSTEE5.00.0Yes (X)$0$0$0
ITZHAK FISHER
TRUSTEE5.00.0Yes (X)$0$0$0
SHARON GREENBERGER
TRUSTEE5.00.0Yes (X)$0$0$0
ALAN C GUARINO
TRUSTEE5.00.0Yes (X)$0$0$0
HENRY IERVOLINO
TRUSTEE (as of 05/18)5.00.0Yes (X)$0$0$0
TED MOUDIS
TRUSTEE5.00.0Yes (X)$0$0$0
MONTE N REDMAN
TRUSTEE5.00.0Yes (X)$0$0$0
ROGER SAWHNEY
TRUSTEE5.00.0Yes (X)$0$0$0
DEBORAH VERDERAME MARCIANO
TRUSTEE5.00.0Yes (X)$0$0$0
CAROLINE WATTEEUW
TRUSTEE5.00.0Yes (X)$0$0$0
ROBERT A WILD ESQ
TRUSTEE5.00.0Yes (X)$0$0$0
LEONARD AUBREY
CFO and TREASURER40.00.0Yes (X)$336,037$0$47,569
CATHERINE FLICKINGER
general counsel and secretary40.00.0Yes (X)$355,586$0$49,123
BARBARA J HOLAHAN
controller40.00.0Yes (X)$211,513$0$24,000
LOU REINISCH
INTER. PROVOST/VP (as of 8/17)40.00.0Yes (X)$240,076$0$41,243
IBRAHIM BODUR
VP IT AND INFRASTRUCTURE40.00.0$302,786$0$45,239Yes (X)
RAHMAT SHOURESHI
PROVOST (THRU 08/17)40.00.0$360,651$0$29,414Yes (X)
JERRY BALENTINE
vp for med affairs&glbl health40.00.0$551,947$0$54,972Yes (X)
Mark Hampton
VICE PRESIDENT40.00.0$281,761$0$44,637Yes (X)
EDWARD GUILIANO thru 117
Professor & (Former President)0.00.0$710,111$0$49,123Yes (X)
WOLFGANG GILLIAR
DEAN MEDICAL SCHOOL40.00.0$375,726$0$49,123Yes (X)
JESS BORONICO
DEAN MANAGEMENT SCHOOL40.00.0$317,647$0$50,696Yes (X)
SHANE SPEIGHTS
SITE DEAN NYITCOM40.00.0$426,696$0$48,972Yes (X)
Peter Dane
professor & ASSOCIATE DEAN40.00.0$313,517$0$43,060Yes (X)
RONALD MAGGIORE
FORMER VICE PRESIDENT40.00.0$100,180$0$0Yes (X)
James Simon
DEAN ARTS & SCIENCES SCHOOL40.00.0$603,941$0$36,036Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$5,989,629TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$639,357TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K287IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (true)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
WJ REGAN COMPANY LLC
767 CHARNWOOD DRIVEWYCKOFFNJ07481CONSTRUCTION$6,120,333
ALLIED BARTON SECURITY SERVICES
PO BOX 828854PHILADELPHIAPA191828854SECURITY$2,525,836
OBERLAND INC
254 Canal Street No 5000NEW YORKNY10013ADVERTISING$2,363,831
COMPLETE LEARNING SOLUTIONS
121 WEST 36TH STREET 342NEW YORKNY10018EXTENDED EDUCATION$1,865,656
Huajing Group Corp
866 United Nations PlzNEW YORKNY100171822Recruiting Services$1,283,123
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K121CntrctRcvdGreaterThan100KCnt
Fundraising$52,525FundraisingAmt
Government Grants$2,300,769GovernmentGrantsAmt
All Other Contributions$4,981,821AllOtherContributionsAmt
Total Contributions$7,335,115TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtExclusionExclusionAmt
TUITION AND FEES611600$286,473,041$286,473,041
ROOM AND BOARD900099$8,437,610$8,437,610
STUDENT INSURANCE PREMIUMS900099$4,054,026$4,054,026
MEDICAL OUTREACH CENTERS611600$3,384,908$3,384,908
ANCILLARY STUDENT SERVICES721310$1,826,739$1,826,739

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column$63,274TotalRevenueColumnAmt
Related Or Exempt Func Income$63,274RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$304,239,598TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,052,582TotalRevenueColumnAmt
Exclusion$2,052,582ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$529TotalRevenueColumnAmt
Exclusion$529ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$380,858RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$380,858RealAmt
Personal$0PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$380,858TotalRevenueColumnAmt
Exclusion$380,858ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$94,049,079SecuritiesAmt
Other$4,532,754OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$91,107,540SecuritiesAmt
Other$1,422,804OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$2,941,539SecuritiesAmt
Other$3,109,950OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$6,051,489TotalRevenueColumnAmt
Exclusion$6,051,489ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$62,300FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$52,525ContriRptFundraisingEventAmt
Fundraising Direct Expenses$45,253FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$17,047TotalRevenueColumnAmt
Exclusion$17,047ExclusionAmt
FieldValueIRS element (for citing)
Gaming Gross Income$0GamingGrossIncomeAmt
Gaming Direct Expenses$0GamingDirectExpensesAmt

Net Income From Gaming NetIncomeFromGamingGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$0GrossSalesOfInventoryAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtExclusionExclusionAmt
CONFERENCING CENTERS900099$4,494,036$4,494,036
NYIT ON BROADWAY900099$274,833$274,833
OTHER900099$2,334,303$1,901,389$432,914
FieldValueIRS element (for citing)
Other Revenue Total$7,103,172OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$327,180,390TotalRevenueColumnAmt
Related Or Exempt Func Income$304,314,248RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$4,768,869UnrelatedBusinessRevenueAmt
Exclusion$10,762,158ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$87,755TotalAmt
Program Services$87,755ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$53,601,464TotalAmt
Program Services$53,601,464ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$1,688,980TotalAmt
Program Services$1,621,421ProgramServicesAmt
Management And General$67,559ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$114,492,205TotalAmt
Program Services$109,238,666ProgramServicesAmt
Management And General$4,556,452ManagementAndGeneralAmt
Fundraising$697,087FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$7,173,094TotalAmt
Program Services$6,844,566ProgramServicesAmt
Management And General$285,489ManagementAndGeneralAmt
Fundraising$43,039FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$20,456,591TotalAmt
Program Services$19,519,679ProgramServicesAmt
Management And General$814,172ManagementAndGeneralAmt
Fundraising$122,740FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$9,358,971TotalAmt
Program Services$8,930,330ProgramServicesAmt
Management And General$372,487ManagementAndGeneralAmt
Fundraising$56,154FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$1,747,057TotalAmt
Management And General$1,747,057ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$284,877TotalAmt
Management And General$284,877ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$90,000TotalAmt
Program Services$90,000ProgramServicesAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$193,405TotalAmt
Management And General$193,405ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$10,957,473TotalAmt
Program Services$10,035,791ProgramServicesAmt
Management And General$921,682ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$4,954,903TotalAmt
Program Services$4,286,293ProgramServicesAmt
Management And General$178,570ManagementAndGeneralAmt
Fundraising$490,040FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$13,417,415TotalAmt
Program Services$12,075,674ProgramServicesAmt
Management And General$939,219ManagementAndGeneralAmt
Fundraising$402,522FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$31,526,201TotalAmt
Program Services$30,265,153ProgramServicesAmt
Management And General$1,261,048ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$2,400,974TotalAmt
Program Services$2,167,163ProgramServicesAmt
Management And General$90,298ManagementAndGeneralAmt
Fundraising$143,513FundraisingAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$2,884,079TotalAmt
Program Services$2,603,222ProgramServicesAmt
Management And General$108,467ManagementAndGeneralAmt
Fundraising$172,390FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$1,245,983TotalAmt
Program Services$1,198,720ProgramServicesAmt
Management And General$47,263ManagementAndGeneralAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$17,769,775TotalAmt
Program Services$17,060,075ProgramServicesAmt
Management And General$709,700ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$6,097,032TotalAmt
Program Services$5,822,666ProgramServicesAmt
Management And General$243,881ManagementAndGeneralAmt
Fundraising$30,485FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
EQUIPMENT RENTAL AND MAINT$4,319,234$4,146,460$172,774
INTERNATIONAL PROGRAMS$3,946,129$3,788,284$157,845
HOSPITAL ROTATIONS$3,085,610$2,961,877$123,733
BAD DEBT$1,385,998$1,385,998

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$626,317TotalAmt
Program Services$343,516ProgramServicesAmt
Management And General$242,703ManagementAndGeneralAmt
Fundraising$40,098FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$313,791,522TotalAmt
Program Services$298,074,773ProgramServicesAmt
Management And General$13,518,681ManagementAndGeneralAmt
Fundraising$2,198,068FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$47,141,336BOYAmt
EOY$62,368,225EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$4,163,880BOYAmt
EOY$4,451,461EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$18,520,192BOYAmt
EOY$15,868,970EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$3,783,894BOYAmt
EOY$4,670,141EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$324,456,771LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$178,925,291LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$166,330,199BOYAmt
EOY$145,531,480EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$64,764,279BOYAmt
EOY$76,396,417EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$19,567,545BOYAmt
EOY$20,694,684EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$2,276,492BOYAmt
EOY$1,785,519EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$326,547,817BOYAmt
EOY$331,766,897EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$43,011,043BOYAmt
EOY$34,080,360EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$67,086,277BOYAmt
EOY$86,893,171EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$66,764,636BOYAmt
EOY$59,604,111EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$176,861,956BOYAmt
EOY$180,577,642EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$141,902,736BOYAmt
EOY$140,657,481EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$3,655,036BOYAmt
EOY$5,237,384EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$4,128,089BOYAmt
EOY$5,294,390EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$149,685,861BOYAmt
EOY$151,189,255EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$326,547,817BOYAmt
EOY$331,766,897EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$13,388,868ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$2,704,885NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$9,180,589OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredYes (true)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (true)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Total Grassroots LobbyingTotalGrassrootsLobbyingGrp
Total Direct LobbyingTotalDirectLobbyingGrp
Total Lobbying ExpendTotalLobbyingExpendGrp
Other Exempt Purpose ExpendOtherExemptPurposeExpendGrp
Total Exempt Purpose ExpendTotalExemptPurposeExpendGrp
Lobbying Nontaxable AmountLobbyingNontaxableAmountGrp
Grassroots NontaxableGrassrootsNontaxableGrp
Tot Lbbyng Grassroot Mns Non TxTotLbbyngGrassrootMnsNonTxGrp
Tot Lbby Expend Mns Lbbyng Non TxTotLbbyExpendMnsLbbyngNonTxGrp
VolunteersfalseVolunteersInd
Paid Staff Or ManagementfalsePaidStaffOrManagementInd
Media AdvertisementsfalseMediaAdvertisementsInd
Mailings MembersfalseMailingsMembersInd
Publications Or BroadcastfalsePublicationsOrBroadcastInd
Grants Other OrganizationsfalseGrantsOtherOrganizationsInd
Direct Contact LegislatorsfalseDirectContactLegislatorsInd
Rallies DemonstrationsfalseRalliesDemonstrationsInd
Other ActivitiesYes (true)OtherActivitiesInd
Other Activities$90,000OtherActivitiesAmt
Total Lobbying Expenditures$90,000TotalLobbyingExpendituresAmt
Not Described Section501c3falseNotDescribedSection501c3Ind
Form4720 Filed4912 TaxfalseForm4720Filed4912TaxInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceLobbying ExpensesFormAndLineReferenceDesc
ExplanationSCHEDULE C, PART II-B, LINE 1G THE INSTITUTE DOES NOT ENGAGE IN ANY DIRECT LOBBYING ACTIVITY ITSELF; HOWEVER, THE INSTITUTE HAS ENGAGED A THIRD PARTY CONSULTANT TO ADVOCATE ON VARIOUS EDUCATIONAL ISSUES AND TO COLLABORATE WITH KEY POLICYMAKERS IN THE EXECUTIVE AND THE STATE LEGISLATURE ON ISSUES IMPORTANT TO THE INSTITUTE. This consultant was paid $90,000 in fiscal year 2018. IN ADDITION, THE INSTITUTE IS A DUES-PAYING MEMBER IN VARIOUS HIGHER Education MEMBERSHIP ORGANIZATIONS (E.G. - NACUBO). A PORTION OF THESE MEMBERSHIP DUES MAY BE ATTRIBUTABLE TO LOBBYING ACTIVITIES (but has not been quantified for Schedule C purposes).ExplanationTxt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Historic StructureYes (X)HistoricStructureInd
Total Easements1TotalEasementsCnt
Total Acreage32.00TotalAcreageCnt
Historic Structure Easements1HistoricStructureEasementsCnt
Historic Strctr Easements Aftr1HistoricStrctrEasementsAftrCnt
States Easements Held1StatesEasementsHeldCnt
Written Policy MonitoringfalseWrittenPolicyMonitoringInd
Section170h Rqr StsfdfalseSection170hRqrStsfdInd
Art Public Exhibition AmountsArtPublicExhibitionAmountsGrp
Held Works ArtHeldWorksArtGrp

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$110,508,940BeginningYearBalanceAmt
Contributions$1,332,294ContributionsAmt
Investment Earnings Or Losses$4,702,083InvestmentEarningsOrLossesAmt
Grants Or Scholarships$9,000GrantsOrScholarshipsAmt
Administrative Expenses$5,277,993AdministrativeExpensesAmt
End Year Balance$111,256,324EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$103,378,802BeginningYearBalanceAmt
Contributions$283,301ContributionsAmt
Investment Earnings Or Losses$7,216,653InvestmentEarningsOrLossesAmt
Grants Or Scholarships$21,000GrantsOrScholarshipsAmt
Administrative Expenses$348,816AdministrativeExpensesAmt
End Year Balance$110,508,940EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$100,498,950BeginningYearBalanceAmt
Contributions$380,849ContributionsAmt
Investment Earnings Or Losses$2,202,801InvestmentEarningsOrLossesAmt
Grants Or Scholarships$25,000GrantsOrScholarshipsAmt
Administrative Expenses-$321,202AdministrativeExpensesAmt
End Year Balance$103,378,802EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$100,551,291BeginningYearBalanceAmt
Contributions$1,681,281ContributionsAmt
Investment Earnings Or Losses-$1,678,622InvestmentEarningsOrLossesAmt
Grants Or Scholarships$55,000GrantsOrScholarshipsAmt
End Year Balance$100,498,950EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$104,325,196BeginningYearBalanceAmt
Contributions$765,114ContributionsAmt
Investment Earnings Or Losses$7,454,273InvestmentEarningsOrLossesAmt
Grants Or Scholarships$25,292GrantsOrScholarshipsAmt
End Year Balance$112,519,291EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.92260BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.04760PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.02980TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgfalseEndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$4,798,837OtherCostOrOtherBasisAmt
Book Value$4,798,837BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$25,372,800InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis$203,046,934OtherCostOrOtherBasisAmt
Depreciation$124,478,693DepreciationAmt
Book Value$103,941,041BookValueAmt
FieldValueIRS element (for citing)
Leasehold ImprovementsLeaseholdImprovementsGrp

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$86,115,635OtherCostOrOtherBasisAmt
Depreciation$54,446,598DepreciationAmt
Book Value$31,669,037BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$5,122,565OtherCostOrOtherBasisAmt
Book Value$5,122,565BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$145,531,480TotalBookValueLandBuildingsAmt
Financial DerivativesFinancialDerivativesGrp
Closely Held Equity InterestsCloselyHeldEquityInterestsGrp

Other Securities OtherSecuritiesGrp (2 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
HEDGE FUNDS$14,562,731F
LIMITED PARTNERSHIPS$6,131,953F
FieldValueIRS element (for citing)
Total Book Value Securities$20,694,684TotalBookValueSecuritiesAmt
Federal Income Tax Liability$0FederalIncomeTaxLiabilityAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
BONDS PAYABLE$37,332,849
REFUNDABLE GRANTS AND US GOVT$14,396,385
POST-RETIREMENT HEALTH BENEFIT$7,874,877
FieldValueIRS element (for citing)
Total Liability$59,604,111TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$270,680,636TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$2,704,885NetUnrealizedGainsInvstAmt
Other Revenue-$53,601,464OtherRevenueAmt
Revenue Not Reported-$56,306,349RevenueNotReportedAmt
Revenue Subtotal$326,986,985RevenueSubtotalAmt
Investment Expenses Not Incld$193,405InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$193,405RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$327,180,390TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$259,996,653TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal$259,996,653ExpensesSubtotalAmt
Investment Expenses Not Incld2$193,405InvestmentExpensesNotIncld2Amt
Other Expenses Not Included$53,601,464OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$53,794,869ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$313,791,522TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
CONSERVATION EASEMENTSCHEDULE D, PART II, LINE 9 NYIT REPORTS CONSERVATION EASEMENTS ON THE BALANCE SHEET AS INVESTMENTS IN REAL ESTATE AT FAIR VALUE. THE INSTITUTE'S AUDITED FINANCIAL STATEMENTS DO NOT INCLUDE A FOOTNOTE DESCRIBING ITS ACCOUNTING FOR CONSERVATION EASEMENTS.
USE OF ENDOWMENT FUNDSSCHEDULE D, PART V, LINE 4 THE INSTITUTE'S ENDOWMENT CONSISTS OF INVESTMENTS IN LAND AND 40 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE INSTITUTE'S ENDOWMENT FUNDS ARE USED PRIMARILY TO SUPPORT SCHOLARSHIPS, BUT MAY BE USED TO FUND CAPITAL EXPENDITURES AND OTHER INSTITUTE PROJECTS.
FIN 48 (ASC 740) - INCOME TAXSCHEDULE D, PART X, LINE 2 THE COLLEGE FOLLOWS ACCOUNTING STANDARDS CODIFICATION 740-10 WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS SECTION PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAXATION BY VIRTUE OF BEING AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. NEVERTHELESS, THE COLLEGE MAY BE SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS WITHIN ITS CONSOLIDATED FINANCIAL STATEMENTS.
RECONCILIATION OF REVENUESCHEDULE D, PART XI, LINE 2D SCHOLARSHIPS AND FELLOWSHIPS (53,601,464) RECONCILIATION OF EXPENSES SCHEDULE D, PART XII, LINE 4B SCHOLARSHIPS AND FELLOWSHIPS 53,601,464

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (true)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (true)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (true)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (true)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (true)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (true)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (true)MaintainCpyOfAllSolInd
Discriminate Race Stdnts RghtsfalseDiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss PlcyfalseDiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm FcultyfalseDiscriminateRaceEmplmFcultyInd
Discriminate Race SchsfalseDiscriminateRaceSchsInd
Discriminate Race Educ PlcyfalseDiscriminateRaceEducPlcyInd
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt ProgfalseDiscriminateRaceAthltProgInd
Discriminate Race Other ActyfalseDiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (true)GovernmentFinancialAidRcvdInd
Government Financial Aid RvkdfalseGovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (true)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
EXPLANATION OF NONDISCRIMATORY POLICY PUBLICATIONTHE NEW YORK INSTITUTE OF TECHNOLOGY PUBLISHES ITS STATEMENT OF NON-DISCRIMINATION ON ITS WEBSITE AT HTTP://WWW.NYIT.EDU/ABOUT/STATEMENT_ON_NON_DISCRIMINATION. IN ADDITION, THE INSTITUTES POLICY IS PUBLISHED IN A CATALOG THAT IS MADE AVAILABLE TO ALL STUDENTS ONLINE AND IN ALL PHYSICAL BROCHURES SENT TO STUDENTS. FINALLY, THE INSTITUTE ENSURES THAT THE POLICY IS INCLUDED WITHIN ALL OF ITS ADVERTISING MATERIALS.
GOVERNMENT AIDTHE NEW YORK INSTITUTE OF TECHNOLOGY RECEIVES GOVERNMENTAL FUNDING FROM THE FOLLOWING TWO NEW YORK STATE PROGRAMS: 1. HIGH NEEDS NURSING PROGRAM 2. BUNDY AID 3. Higher Education Opportunity Program THESE PROGRAMS ENABLE THE INSTITUTE TO PROVIDE STUDENT SCHOLARSHIPS AND TO SUPPORT RESEARCH EFFORTS.

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (4 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
Middle East and North Africa121Program ServicesEducation$4,219,215
East Asia and the Pacific228Program ServicesEducation$3,371,069
North America138Program ServicesEducation$4,058,026
Central America and the CaribbeanInvestments$19,406,083
FieldValueIRS element (for citing)
Subtotal Offices4SubtotalOfficesCnt
Subtotal Employees87SubtotalEmployeesCnt
Total Office4TotalOfficeCnt
Total Employee87TotalEmployeeCnt
Subtotal Spent$31,054,393SubtotalSpentAmt
Total Spent$31,054,393TotalSpentAmt
Transfer To Foreign CorpYes (true)TransferToForeignCorpInd
Interest In Foreign TrustfalseInterestInForeignTrustInd
Foreign Corp OwnershipYes (true)ForeignCorpOwnershipInd
Passive Foreign Investmest CoYes (true)PassiveForeignInvestmestCoInd
Foreign PartnershipYes (true)ForeignPartnershipInd
Boycott CountriesYes (true)BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE F, PART IVFormAndLineReferenceDesc
ExplanationTHE NEW YORK INSTITUTE OF TECHNOLOGY INVESTS DIRECTLY IN VARIOUS ALTERNATIVE INVESTMENTS THAT MAY BE ORGANIZED AS EITHER FOREIGN CORPORATIONS OR FOREIGN PARTNERSHIPS; IT, LIKEWISE, INVESTS IN DOMESTIC LIMITED PARTNERSHIPS THAT MAY, IN TURN, INVEST IN FOREIGN CORPORATIONS OR PARTNERSHIPS. NEVERTHELESS, THE INSTITUTES INVESTMENT ACTIVITIES MAY NOT REACH THE THRESHOLDS REQUIRED FOR THE FILING OF FORMS 926, 5471, 8621, OR 8865. TO THE EXTENT THAT THE INSTITUTE IS REQUIRED TO COMPLETE ONE (OR MORE) OF THESE FOREIGN FORMS, IT IS FILED WITH THE INSTITUTES FORM 990-T FILING.ExplanationTxt

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1golf outingEvent1Nm
Gross Receipts Event1$114,825GrossReceiptsEvent1Amt
Charitable Contri Event1$52,525CharitableContriEvent1Amt
Gross Revenue Event1$62,300GrossRevenueEvent1Amt
Rent Facility Costs Event1$32,263RentFacilityCostsEvent1Amt
Other Direct Expenses Event1$12,990OtherDirectExpensesEvent1Amt
Other Events Total0OtherEventsTotalCnt
Gross Receipts Total$114,825GrossReceiptsTotalAmt
Charitable Contributions Tot$52,525CharitableContributionsTotAmt
Gross Revenue Total Events$62,300GrossRevenueTotalEventsAmt
Rent Fclty Costs Total Events$32,263RentFcltyCostsTotalEventsAmt
Oth Direct Expnss Total Events$12,990OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$45,253DirectExpenseSummaryEventsAmt
Net Income Summary$17,047NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1Penn State UniversityBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1110 Tech CntrAddressLine1Txt
CityUniversity ParkCityNm
State AbbreviationPAStateAbbreviationCd
ZIP16802ZIPCd
FieldValueIRS element (for citing)
Recipient EIN246000376RecipientEIN
IRC Section170(c)(1)IRCSectionDesc
Cash Grant$87,755CashGrantAmt
Purpose Of GrantResearchPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeSCHOLARSHIPSGrantTypeTxt
Recipient4762RecipientCnt
Cash Grant$53,601,464CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceGRANT MONITORING PROCEDURESFormAndLineReferenceDesc
ExplanationSCHEDULE I, PART I, LINE 1 THE GRANTS DEPARTMENT AND THE FINANCIAL AID OFFICE OVERSEE ALL GRANTS, GOVERNMENT LOANS AND SCHOLARSHIP EXPENDITURES. ALL GRANT EXPENSES ARE APPROVED AND REIMBURSED IN ACCORDANCE WITH UNIVERSITY POLICY. AN ANNUAL AUDIT IS CONDUCTED IN ACCORDANCE WITH GOVERNMENTAL REGULATIONS. TO THE EXTENT THE INSTITUTE OFFERS SCHOLARSHIPS TO ITS STUDENTS, THOSE FUNDS MAY ONLY BE USED TO DEFRAY THE COST OF MATRICULATION AND MAY NOT BE SPENT AT THE STUDENT'S DISCRETION.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
First Class Or Charter TravelYes (X)FirstClassOrCharterTravelInd
Travel For CompanionsYes (X)TravelForCompanionsInd
Housing Allowance Or ResidenceYes (X)HousingAllowanceOrResidenceInd
Club Dues Or FeesYes (X)ClubDuesOrFeesInd
Personal ServicesYes (X)PersonalServicesInd
Written Policy Ref T And E ExpnssYes (true)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (true)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentYes (true)SeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsYes (true)AnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (17 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
HENRY FOLEY
PRESIDENT (non-voting)$406,454$0$55,000$0$40,000$0$12,542$0$13,608$0$527,604$0$0$0
EDWARD GUILIANO thru 117
Professor & (Former President)$697,502$0$0$0$12,609$0$24,000$0$25,123$0$759,234$0$0$0
LEONARD AUBREY
CFO and TREASURER$321,564$0$6,500$0$7,973$0$24,000$0$23,569$0$383,606$0$0$0
CATHERINE FLICKINGER
general counsel and secretary$342,082$0$7,000$0$6,504$0$24,000$0$25,123$0$404,709$0$0$0
BARBARA J HOLAHAN
controller$203,933$0$4,080$0$3,500$0$24,000$0$0$0$235,513$0$0$0
IBRAHIM BODUR
VP IT AND INFRASTRUCTURE$270,565$0$5,082$0$27,139$0$22,652$0$22,587$0$348,025$0$0$0
RAHMAT SHOURESHI
PROVOST (THRU 08/17)$257,972$0$72,053$0$30,626$0$14,684$0$14,730$0$390,065$0$0$0
JERRY BALENTINE
vp for med affairs&glbl health$534,596$0$10,847$0$6,504$0$24,000$0$30,972$0$606,919$0$0$0
WOLFGANG GILLIAR
DEAN MEDICAL SCHOOL$368,232$0$7,494$0$0$0$24,000$0$25,123$0$424,849$0$0$0
JESS BORONICO
DEAN MANAGEMENT SCHOOL$296,631$0$21,016$0$0$0$24,000$0$26,696$0$368,343$0$0$0
SHANE SPEIGHTS
SITE DEAN NYITCOM$419,239$0$7,457$0$0$0$18,000$0$30,972$0$475,668$0$0$0
Mark Hampton
VICE PRESIDENT$251,890$0$23,367$0$6,504$0$24,000$0$20,637$0$326,398$0$0$0
James Simon
DEAN ARTS & SCIENCES SCHOOL$98,941$0$0$0$505,000$0$19,023$0$17,013$0$639,977$0$0$0
Peter Dane
professor & ASSOCIATE DEAN$307,266$0$6,251$0$0$0$24,000$0$19,060$0$356,577$0$0$0
Nada Assaf-Anid
dean$291,181$0$5,899$0$0$0$8,836$0$25,123$0$331,039$0$0$0
RONALD MAGGIORE
FORMER VICE PRESIDENT$92,209$0$0$0$7,971$0$0$0$0$0$100,180$0$0$0
LOU REINISCH
INTER. PROVOST/VP (as of 8/17)$216,076$0$4,000$0$20,000$0$19,245$0$21,998$0$281,319$0$0$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
TRAVEL AND HOUSING BENEFITSSCHEDULE J, PART I, LINE 1A NYIT IS A GLOBAL UNIVERSITY WITH CAMPUSES IN NEW YORK (MANHATTAN AND LONG ISLAND), CHINA, CANADA, AND THE MIDDLE EAST, AND, AS SUCH, THE PRESIDENT IS REQUIRED TO ENGAGE IN EXTENSIVE INTERNATIONAL TRAVEL. THE PRESIDENT TRAVELS WITH ABOVE STANDARD ACCOMMODATIONS (E.G., BUSINESS OR FIRST CLASS). THE UNIVERSITY ALSO MAKES A CAR AND DRIVER AVAILABLE TO THE PRESIDENT FOR TRAVEL BETWEEN CAMPUSES. THESE ACCOMMODATIONS ARE USED FOR BUSINESS PURPOSES ONLY AND ARE NOT TREATED AS TAXABLE COMPENSATION. NYIT DOES NOT MAINTAIN PRESIDENTIAL CAMPUS HOUSING. NYIT PROVIDES A HOUSING ALLOWANCE TO THE PRESIDENT TO MAINTAIN A RESIDENCE FOR PERSONAL AND UNIVERSITY FUNCTIONS. OTHER TAXABLE COMPENSATION RECEIVED BY PRESIDENT FOLEY IN CALENDAR YEAR 2017 INCLUDED A $40,000 HOUSING ALLOWANCE. THE PROVOST, LIKEWISE, RECEIVED A HOUSING ALLOWANCE OF $26,560 IN CALENDAR YEAR 2017.
SCHEDULE J, PART I, LINE 7 AND PART II, COLUMN (B)(II)THE PRESIDENT'S REPORTABLE COMPENSATION INCLUDES BONUS AND INCENTIVE COMPENSATION EARNED BASED ON MEETING CERTAIN OBJECTIVE PERFORMANCE CRITERIA. THE DECISION TO AWARD THE PRESIDENT WITH A BONUS RESTS WITH THE BOARD OF TRUSTEES AND THAT DECISION IS DOCUMENTED IN BOARD MINUTES. OTHER OFFICERS AND KEY EMPLOYEES REPORTED ON SCHEDULE J, LIKEWISE, RECEIVED A BONUS IN CALENDAR YEAR 2017. AMOUNTS DISCLOSED AS A BONUS INCLUDE A PORTION OF REGULARLY BUDGETED COMPENSATION FOR ALL ADMINISTRATIVE STAFF THAT IS CONSISTENT WITH A CONTRACTUAL PERCENTAGE PAYMENT PROVIDED TO FULL-TIME FACULTY UNDER A COLLECTIVE BARGAINING AGREEMENT. THE ACTUAL AMOUNT DISTRIBUTED TO ADMINISTRATIVE STAFF IS SUBJECT TO SOME ANNUAL DISCRETION AT THE DIRECTION OF THE PRESIDENT AND SENIOR MANAGERS.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
BYLAW AMENDMENTFORM 990, PART VI, SECTION A, LINE 4 THE INSTITUTE AMENDED ITS BYLAWS IN MARCH 2018, AND AGAIN IN SEPTEMBER 2018 TO EFFECTUATE THE FOLLOWING CHANGES: 1. TO RESTATE ITS MISSION 2. TO CHANGE THE PRESIDENT FROM A NON-VOTING TO A VOTING MEMBER OF THE BOARD. 3. TO CREATE A NEW NOMINATING & GOVERNANCE STANDING COMMITTEE OF THE BOARD 4. TO REVISE THE COMPOSITION OF THE BOARD EXECUTIVE COMITTEE.
FORM 990 REVIEW PROCESSFORM 990, PART VI, SECTION B, LINE 11A THE INSTITUTE'S FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM IN CONJUNCTION WITH BOTH THE INSTITUTE'S FINANCIAL DEPARTMENT AND ITS MANAGEMENT TEAM. THE 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER, PRESIDENT AND GENERAL COUNSEL PRIOR TO SUBMISSION TO THE FULL BOARD OF TRUSTEES. THE BOARD OF TRUSTEES IS PROVIDED AMPLE TIME TO REVIEW AND COMMENT ON THE 990 BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE.
CONFLICT OF INTEREST REVIEWFORM 990, PART VI, SECTION B, LINE 12C VICE PRESIDENTS AND CERTAIN OTHER EMPLOYEES, PARTICULARLY EMPLOYEES INVOLVED WITH THE PROCUREMENT OF GOODS AND SERVICES, ARE REQUIRED TO SUBMIT ANNUAL DISCLOSURE FORMS TO THE GENERAL COUNSEL, AND TO SUBMIT UPDATED FORMS IN THE EVENT THAT THERE IS ANY CHANGE IN THE TIME PERIOD BETWEEN THE SUBMISSION OF THE ANNUAL FORMS. WITH RESPECT TO ANY DISCLOSED CONFLICTS, THE GENERAL COUNSEL WILL CONSULT, (AS APPROPRIATE), WITH NYIT MANAGEMENT SUCH AS THE PRESIDENT, CHIEF FINANCIAL OFFICER, INTERNAL AUDIT DIRECTOR, AND, IF NECESSARY OR ADVISABLE, THE CHAIR OF THE BOARD OF TRUSTEES AUDIT COMMITTEE. THE GENERAL COUNSEL WILL RECOMMEND TO THE PRESIDENT AND, IF INDICATED, THE CHAIR OF THE AUDIT COMMITTEE, SUCH STEPS AS MAY BE APPROPRIATE TO MANAGE THE CONFLICT OF INTEREST. ANY CONFLICTS OF INTEREST RELATING TO OFFICERS OR KEY EMPLOYEES, WHETHER REPORTED ON THE ANNUAL FORMS OR OTHERWISE, WILL BE REPORTED BY THE GENERAL COUNSEL TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES.
COMPENSATION REVIEWFORM 990, PART VI, SECTION B, LINE 15 NYIT'S BOARD (ALL INDEPENDENT TRUSTEES OTHER THAN THE NYIT PRESIDENT), REVIEWS THE COMPENSATION OF NYIT'S PRESIDENT AT CONTRACT RENEWAL INTERVALS. THE LAST SUCH REVIEW WAS IN 2017, IN CONNECTION WITH THE HIRING OF NYITS NEW PRESIDENT. THE BOARD IS ADVISED BY INDEPENDENT COMPENSATION CONSULTANTS AND REVIEWS COMPENSATION DATA FROM SIMILAR ORGANIZATIONS TO ENSURE THAT NYIT DOES NOT COMPENSATE IN EXCESS OF MARKET NORMS. COMPENSATION OF OTHER KEY EMPLOYEES AND OFFICERS OF THE CORPORATION ARE DETERMINED UPON HIRE BY MARKET REVIEWS CONDUCTED BY THE PRESIDENT AND OTHER SENIOR MANAGERS, WHO MAY CONSULT FURTHER WITH HUMAN RESOURCES AND EXTERNAL CONSULTANTS. ANNUAL INCREASES FOR KEY EMPLOYEES AND OFFICERS ARE BASED ON BUDGET PARAMETERS AND REVIEW BY THE PRESIDENT OR HUMAN RESOURCES. CONTEMPORANEOUS SUBSTANTIATION FOR COMPENSATION LEVELS OF THE PRESIDENT, KEY EMPLOYEES OR OFFICERS WILL BE MAINTAINED BY THE OFFICE OF THE PRESIDENT OR HUMAN RESOURCES.
DOCUMENT AVAILABILITYFORM 990, PART VI, SECTION C, LINE 19 THE INSTITUTE'S FORM 990 IS AVAILABLE ON THE INTERNET AT WWW.GUIDESTAR.ORG. IN ADDITION, THE INSTITUTE MAKES A COPY OF ITS FORM 990 AVAILABLE AT ITS PLACE OF BUSINESS. GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND AT MANAGEMENT'S (THE GENERAL COUNSEL) DISCRETION.
OTHER CHANGES IN NET ASSETSFORM 990, PART XI, LINE 9 CANCELLATION OF CAPITAL PROJECTS $(1,994,611) CHANGE IN POSTRETIREMENT PROGRAM $(1,266,096) LOSS FROM CLOSURE OF CAMPUS $(5,919,882) ------------ TOTAL OTHER CHANGES: $(9,180,589) ============

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1NYIT GLOBAL LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1NORTHERN BLVD GERRY HOUSE 200AddressLine1Txt
CityOLD WESTBURYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11568ZIPCd
FieldValueIRS element (for citing)
EIN472303439EIN
Primary ActivitiesINACTIVEPrimaryActivitiesTxt
Legal Domicile StateNYLegalDomicileStateCd
Total Income$0TotalIncomeAmt
End Of Year Assets$0EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1NYITBusinessNameLine1Txt

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1wheatley advertising incBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1northern blvdAddressLine1Txt
Cityold westburyCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11568ZIPCd
FieldValueIRS element (for citing)
EIN112359770EIN
Primary ActivitiesdissolvedPrimaryActivitiesTxt
Legal Domicile StateNYLegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1nyitBusinessNameLine1Txt
FieldValueIRS element (for citing)
Entity TypecEntityTypeTxt
Share Of Total Income$0ShareOfTotalIncomeAmt
Share Of EOY Assets$0ShareOfEOYAssetsAmt
Ownership1.00000OwnershipPct
Controlled OrganizationYes (true)ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgfalseGiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgYes (true)PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (true)SharingOfFacilitiesInd
Paid Employees SharingYes (true)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd

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