2018-04-30T10:41:13-05:00 2017-06-30 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2016-07-01 135645885 NEW YORK LAW SCHOOL NEWY 2124312100 185 WEST BROADWAY NEW YORK NY 10013 STUART A KLEIN TREASURER/EXEC VP/CFO 2124312100 2018-04-30 1 ROBERT LYONS P00227472 2125038800 69.74.165.34 2018-04-30 10:48:39 ED P 1423E06F9E6F9EFDA19AB3AABD1FE32D0EF26F97 B8E8917F0931719FE7A109CCAA1C726E9AF7A481 2016 2021-01-29 14:40:06Z ANTHONY W CROWELL 185 WEST BROADWAY NEW YORK NY 10013 105007678 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. 32 29 643 29 306 -102689 8560730 2587573 43436469 42683050 12203394 6186934 1345256 1659277 65545849 53116834 13859463 15489927 0 0 31107810 26915423 0 0 1427102 35436972 31167901 80404245 73573251 -14858396 -20456417 377009190 368511994 180534727 180457335 196474463 188054659 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 62019810 15489927 42683050 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. 931 STUDENTS ENROLLED IN THE JD AND LLM PROGRAMS. 252 GRADUATED DURING THE 2016/2017 PROGRAM YEAR. 62019810 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 50 0 643 1 1 1 0 0 0 0 1 1 0 0 0 0 X 32 29 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 ARTHUR N ABBEY CHAIRMAN OF THE BOARD 5.00 X X 0 0 0 GERALD C CROTTY VICE CHAIR 1.00 X X 0 0 0 JEFFREY D KNOWLES VICE CHAIR 1.00 X X 0 0 0 ERNST H ROSENBERGER VICE CHAIR 1.00 X X 0 0 0 ANTHONY W CROWELL DEAN AND PRESIDENT 80.00 X X 541500 0 26381 CAROLE POST EVP/SECRETARY (FORMER) 45.00 X X 194115 0 20509 SUSAN HINKSON TRUSTEE 1.00 X 0 0 0 VINCENT A CARBONELL TRUSTEE 1.00 X 0 0 0 ALAN W CLARK TRUSTEE 1.00 X 0 0 0 DAVID B CORNSTEIN TRUSTEE 1.00 X 0 0 0 MICHAEL A COSTA TRUSTEE 1.00 X 0 0 0 JOHN E ESTES TRUSTEE 1.00 X 0 0 0 LAWRENCE N FIELD TRUSTEE 1.00 X 0 0 0 HOWARD M LORBER TRUSTEE 1.00 X 0 0 0 JOHN D MCMAHON TRUSTEE 1.00 X 0 0 0 SUSAN B MENDIK TARKINOW TRUSTEE 1.00 X 0 0 0 EMERSON S MOORE II 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 CHARLES E PHILLIPS TRUSTEE 1.00 X 0 0 0 PAUL L PORRETTA TRUSTEE 1.00 X 0 0 0 NORMAN RADOW TRUSTEE 1.00 X 0 0 0 JOHN L REDDY JR TRUSTEE 1.00 X 0 0 0 ALAN J SCHNURMAN TRUSTEE 1.00 X 0 0 0 CYNTHIA G SENKO ROSICKI TRUSTEE 1.00 X 0 0 0 SYBIL SHAINWALD TRUSTEE 1.00 X 0 0 0 HON MARC WHITEN TRUSTEE 1.00 X 0 0 0 JOAN FISHMAN VP AND SECRETARY OF THE BOARD 45.00 X X 191709 0 34185 STUART A KLEIN EVP/CFO/TREASURER 45.00 X X 250000 0 19463 MERYL FIEDLER LIEBERMAN TRUSTEE 1.00 X 0 0 0 JOE PLUMERI TRUSTEE 1.00 X 0 0 0 ERROL B TAYLOR TRUSTEE 1.00 X 0 0 0 ZYGMUNT WILF TRUSTEE 1.00 X 0 0 0 ANTHONY CAPETOLA TRUSTEE (FORMER) 1.00 X 0 0 0 ANDREW PENSON TRUSTEE (FORMER) 1.00 X 0 0 0 JAMES ZIRIN TRUSTEE (FORMER) 1.00 X 0 0 0 WILLIAM P LAPIANA ASSOCIATE DEAN 45.00 X 295000 0 38312 GERALD KORNGOLD FACULTY 35.00 X 320800 0 37713 DEBORAH ARCHER FACULTY 35.00 X 325500 0 14349 RICHARD CHUSED FACULTY 35.00 X 273200 0 18149 LLOYD BONFIELD FACULTY 35.00 X 280074 0 26972 STEPHEN ELLMANN FACULTY 35.00 X 270000 0 74724 2941898 0 310757 80 1 1 0 ELLUCIAN COMPANY 2300 MAITLAND CENTER PARKWAY MAITLAND FL 32751 INFO TECH OUTSOURCING 1890036 BUILDING MAINTENANCE SERVICES 11 PENN PLAZA NEW YORK NY 10001 MAINT. SERVICES 1586384 SUMMIT SECURITY SERVICES 390 RXR PLAZA UNIONDALE NY 11556 SECURITY SERVICES 466348 VIDEO CORPORATION OF AMERICA PO BOX 5480 SOMERSET NJ 08875 IT SERVICES 337662 THE PHOENIX GROUP ADVISORS 370 LEXINGTON AVE SUITE 205 NEW YORK NY 10017 IT SERVICES 216150 8 575926 527654 1483993 163796 2587573 TUITION & FEES 611710 40921136 40921136 AUXILIARY 611710 1730533 1730533 SUBSCRIPTION 611710 31381 31381 42683050 2438441 306 2438135 55571157 51822664 3748493 3748493 3748493 68180 575926 68180 0 OTHER REVENUE 900099 1659277 1659277 1659277 53116834 42683050 306 7845905 15489927 15489927 1639678 1447606 192072 20739908 17501158 2777562 461188 803801 673668 118177 11956 2371602 2075653 152444 143505 1360434 1061085 254744 44605 118999 27773 91226 1302393 1302393 3734993 2510371 1138229 86393 47990 25538 22452 420218 401441 5598 13179 2765587 2484370 223253 57964 1529617 1529617 226105 202312 20991 2802 892617 834779 57764 74 6676093 5977582 550254 148257 7701306 6895528 634754 171024 743374 666463 60587 16324 UTILITIES 1446645 1295284 119235 32126 BOOKS 815197 812287 2511 399 EQUIP. MAINT & REPAIRS 782922 671079 95285 16558 BAD DEBT EXPENSE 645230 645230 1318615 883895 406044 28676 73573251 62019810 10126339 1427102 2016483 2237256 7958035 7275358 4563760 3127435 1243718 661754 1633567 1355509 16548 16119 3546873 3525743 236187946 89297030 153770268 146890916 83535310 89371388 115881162 110100681 2843466 3949835 377009190 368511994 7861864 9021565 2522713 2308778 357481 270081 140210000 140210000 29582669 28646911 180534727 180457335 X 147250805 138434367 15897817 16193392 33325841 33426900 196474463 188054659 377009190 368511994 X -20456417 11597158 439455 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 768481 X 0 42311879 101059 2349207 619530 676863 43465752 43702917 375350 -718833 374235 673320 42311879 42256372 316221 1962598 199950 632324 43702917 39398119 327046 3718723 504097 683419 42256372 36534786 649913 2982739 393830 375489 39398119 0.76900 0.23100 1 0 704458 704458 198787580 59792295 138995285 35927427 29504735 6422692 768481 768481 146890916 HEDGE FUNDS 79629053 F PRIVATE INVESTMENTS 30471628 F 110100681 POSTRETIREMENT BENEFITS 16177384 BOND PREMIUM 12469527 28646911 X 65153447 11597158 439455 12036613 53116834 0 53116834 73573251 0 73573251 0 73573251 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, 2017 AND 2016 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. 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 185720 0 0 0 0 0 0 185720 0 185720 0 0 0 0 0 0 NYLS GALA 594256 529856 64400 64400 SCHOLAR EVENT 49850 46070 3780 3780 644106 575926 68180 64400 3780 68180 0 0 SCHOLARSHIP AND GRANTS 660 15489927 FMV OF SCHOLARSHIPS SCHOLARSHIPS X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 ANTHONY W CROWELL DEAN AND PRESIDENT 472500 0 0 0 69000 0 0 0 26381 0 567881 0 0 0 CAROLE POST EVP/SECRETARY (FORMER) 194115 0 0 0 0 0 0 0 20509 0 214624 0 0 0 JOAN FISHMAN VP AND SECRETARY OF THE BOARD 191709 0 0 0 0 0 0 0 34185 0 225894 0 0 0 STUART A KLEIN EVP/CFO/TREASURER 250000 0 0 0 0 0 0 0 19463 0 269463 0 0 0 WILLIAM P LAPIANA ASSOCIATE DEAN 250000 0 0 0 45000 0 0 0 38312 0 333312 0 0 0 GERALD KORNGOLD FACULTY 312800 0 0 0 8000 0 0 0 37713 0 358513 0 0 0 DEBORAH ARCHER FACULTY 250000 0 0 0 75500 0 0 0 14349 0 339849 0 0 0 RICHARD CHUSED FACULTY 265200 0 0 0 8000 0 0 0 18149 0 291349 0 0 0 LLOYD BONFIELD FACULTY 245654 0 0 0 34420 0 0 0 26972 0 307046 0 0 0 STEPHEN ELLMANN FACULTY 262000 0 0 0 8000 0 0 0 74724 0 344724 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 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 3790 163796 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED AND APPROVED BY THE AUDIT COMMITTEE AND THEN PRESENTED TO THE BOARD OF DIRECTORS 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 COMPENSATION OF THE DEAN IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES EXECUTIVE COMMITTEE, ACTING AS THE COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE REVIEW INCLUDES COMPARING COMPENSATION OF PEOPLE IN COMPARABLE POSITIONS AT SIMILAR EDUCATIONAL INSTITUTIONS. THE DEAN'S FINAL COMPENSATION IS THEN DOCUMENTED IN A WRITTEN EMPLOYMENT CONTRACT. 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. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.