2017-05-10T08:51:51-05:00 2016-06-30 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2015-07-01 135645885 NEW YORK LAW SCHOOL NEWY 2124312100 185 WEST BROADWAY NEW YORK NY 10013 STUART A KLEIN TREASURER/EXEC VP/CFO 2124312100 2017-05-09 1 ROBERT LYONS P00227472 2125038800 2015 2021-01-29 14:40:06Z ANTHONY W CROWELL 185 WEST BROADWAY NEW YORK NY 10013 185185550 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. 31 30 713 30 0 -117565 3674391 8560730 48976722 43436469 7651581 12203394 666624 1345256 60969318 65545849 10907530 13859463 0 0 33574107 31107810 0 0 1311010 36718918 35436972 81200555 80404245 -20231237 -14858396 443055637 377009190 203787758 180534727 239267879 196474463 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 62004969 13859463 43436469 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. 926 STUDENTS ENROLLED IN THE JD AND LLM PROGRAMS. 324 GRADUATED DURING THE 2015/2016 PROGRAM YEAR. 62004969 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 55 0 713 1 1 1 0 0 0 0 1 1 0 0 0 0 X 31 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 NY X SUSAN REDLER SENIOR ASSISTANT VP FI 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 65.00 X X 450000 0 26359 ANTHONY A CAPETOLA 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 HOWARD NOTTINGHAM TRUSTEE 1.00 X 0 0 0 STEVEN E PEGALIS TRUSTEE 1.00 X 0 0 0 ANDREW PENSON 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 RAYMOND J ROBERT 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 ELI WACHTEL TRUSTEE 1.00 X 0 0 0 HON MARC WHITEN TRUSTEE 1.00 X 0 0 0 JAMES D ZIRIN TRUSTEE 1.00 X 0 0 0 CAROLE POST EVP/SECRETARY 45.00 X 250625 0 24496 STUART A KLEIN TREASURER/SVP/CFO 45.00 X 270000 0 13724 WILLIAM P LAPIANA ASSOCIATE DEAN 45.00 X 246327 0 35468 GERALD KORNGOLD FACULTY 35.00 X 350800 0 37193 DEBORAH ARCHER FACULTY 35.00 X 310000 0 14313 DAVID SCHOENBROD FACULTY 35.00 X 297800 0 24595 LLOYD BONFIELD FACULTY 35.00 X 295290 0 25027 MICHAEL PERLIN FACULTY 35.00 X 291250 0 0 2762092 0 201175 84 0 1 0 ELLUCIAN COMPANY 2300 MAITLAND CENTER PARKWAY MAITLAND FL 32751 INFO TECH OUTSOURCING 1873385 BUILDING MAINTENANCE SERVICES 11 PENN PLAZA NEW YORK NY 10001 MAINT. SERVICES 1762065 ARCHSTONE BUILDERS INC 242 WEST 30TH STREET NEW YORK NY 10001 CONSTRUCTION 616116 SUMMIT SECURITY SERVICES 390 RXR PLAZA UNIONDALE NY 11556 SECURITY SERVICES 558244 VIDEO CORPORATION OF AMERICA PO BOX 5480 SOMERSET NJ 08875 IT SERVICES 363409 10 582838 1036372 6941520 168684 8560730 TUITION & FEES 611710 41752609 41752609 AUXILIARY 611710 1652258 1652258 SUBSCRIPTION 611710 31602 31602 43436469 2356449 2356449 129355379 119508434 9846945 9846945 9846945 131267 582838 131267 0 OTHER REVENUE 900099 1345256 1345256 1345256 65545849 43436469 0 13548650 13859463 13859463 1629037 45000 1468192 115845 22392482 18831043 3157312 404127 842123 705362 133432 3329 4720925 2470814 2140654 109457 1523243 1195844 290208 37191 170195 131606 38589 69000 69000 1922961 12690 1910271 7932640 3456059 4383954 92627 48114 28426 19688 461424 408719 23875 28830 3133217 2778560 291222 63435 1375308 1373174 1681 453 201069 183736 16700 633 844676 842891 1785 5156208 4616720 424982 114506 7620958 6823586 628131 169241 677613 8296 669317 UTILITIES 1567733 1404017 128969 34747 EQUIP. MAINT & REPAIRS 919998 815910 83887 20201 BOOKS 811030 805538 2498 2994 SPECIAL EVENTS 658386 481669 143440 33277 1866442 725846 1060479 80117 80404245 62004969 17088266 1311010 1922573 2016483 29578180 7958035 1031204 4563760 610890 1243718 1863972 1633567 13925 16548 3962597 3546873 235365991 81595723 160073784 153770268 85858672 83535310 157486441 115881162 653399 2843466 443055637 377009190 6558561 7861864 2878013 2522713 338142 357481 153715000 140210000 40298042 29582669 203787758 180534727 X 192629789 147250805 13687599 15897817 32950491 33325841 239267879 196474463 443055637 377009190 X -14858396 -18244020 -9691000 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 768481 X 0 43702917 759818 -729065 374235 1047556 42311879 42256372 316221 1962598 199950 632324 43702917 39398119 327046 3718723 504097 683419 42256372 36534786 649913 2982739 393830 375489 39398119 36364126 881848 311188 251480 148520 37157162 0.78800 0.21200 1 0 704458 704458 198183868 53274529 144909339 35709184 28321194 7387990 768481 768481 153770268 HEDGE FUNDS 86942605 F PRIVATE INVESTMENTS 28938557 F 115881162 POSTRETIREMENT BENEFITS 16673687 BOND PREMIUM 12908982 29582669 X 47576458 -18244020 274629 -17969391 65545849 0 65545849 90095245 9691000 9691000 80404245 0 80404245 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 NO 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, 2016 AND 2015 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 274,629. 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 137508 0 0 0 0 0 0 137508 0 137508 0 0 0 0 0 0 NYLS GALA 628280 540780 87500 87500 SCHOLAR EVENT 85825 42058 43767 43767 714105 582838 131267 131267 131267 0 0 SCHOLARSHIP AND GRANTS 656 13859463 FMV 1 X X X 0 0 0 0 0 0 0 0 0 ANTHONY W CROWELL DEAN AND PRESIDENT 450000 0 0 0 0 0 0 0 26359 0 476359 0 0 0 CAROLE POST EVP/SECRETARY 250625 0 0 0 0 0 0 0 24496 0 275121 0 0 0 STUART A KLEIN TREASURER/SVP/CFO 240000 0 0 0 30000 0 0 0 13724 0 283724 0 0 0 WILLIAM P LAPIANA ASSOCIATE DEAN 231327 0 0 0 15000 0 0 0 35468 0 281795 0 0 0 GERALD KORNGOLD FACULTY 312800 0 0 0 38000 0 0 0 37193 0 387993 0 0 0 DEBORAH ARCHER FACULTY 250000 0 0 0 60000 0 0 0 14313 0 324313 0 0 0 DAVID SCHOENBROD FACULTY 278800 0 0 0 19000 0 0 0 24595 0 322395 0 0 0 LLOYD BONFIELD FACULTY 239790 0 0 0 55500 0 0 0 25027 0 320317 0 0 0 MICHAEL PERLIN FACULTY 0 0 0 0 291250 0 0 0 0 0 291250 0 0 0 A DASNY SERIES 2009 013000293 649905GM2 2009-06-18 40500000 CONSTRUCTION AND RENOVATION 1 1 0 B NYCIDACFRB SERIES 2006B 132946690 649710BG4 2006-06-30 67500000 NEW BUILDING PROJECT 1 1 0 C NYCIDACFRB SERIES 2006A 132946690 649710BF4 2006-06-30 67500000 NEW SCHOOOL BUILDING PROJECT 1 1 0 D BUILD NYC SERIES 2017 454040561 12008EKV7 2016-01-01 605000 REFINANCING 0 1 0 A 31015000 40500000 1141916 39358084 1 0 1 1 B 59250000 67500000 2600369 64899631 1 0 1 1 C 59250000 67500000 2600369 64899631 1 0 1 1 D 605000 2573798 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 BONY MELLON 30.000000000000 0 0 0 TRINITY PLUS 3.000000000000 1 0 1 B 1 0 1 BONY MELLON 30.000000000000 0 0 1 TRINITY PLUS 3.000000000000 1 0 1 C 1 1 1 BONY MELLON 30.000000000000 0 0 1 TRINITY PLUS 3.000000000000 1 0 1 D 0 0 0 0 0 1 BONY MELLON 30.000000000000 0 0 1 TRINITY PLUS 3.000000000000 1 0 1 A 1 B 1 C 1 D 1 A BUILD NYC SERIES 2018 454040561 12008EKW5 2016-01-01 1180000 REFINANCING 0 1 0 B BUILD NYC SERIES 2019 454040561 12008EKX3 2016-01-01 1930000 REFINANCING 0 1 0 C BUILD NYC SERIES 2020 454040561 12008EKY1 2016-01-01 2025000 REFINANCING 0 1 0 D BUILD NYC SERIES 2021 454040561 12008EKZ8 2016-01-01 2125000 REFINANCING 0 1 0 A 1180000 1 0 1 1 B 1930000 1 0 1 1 C 2025000 1 0 1 1 D 2125000 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 1 BONY MELLON 30.000000000000 1 0 1 TRINITY PLUS 3.000000000000 1 0 1 B 0 0 0 0 0 1 BONY MELLON 30.000000000000 0 0 1 TRINITY PLUS 3.000000000000 1 0 1 C 0 0 0 0 0 1 BONY MELLON 30.000000000000 0 0 1 TRINITY PLUS 3.000000000000 1 0 1 D 0 0 0 0 0 1 BONY MELLON 30.000000000000 0 0 1 TRINITY PLUS 3.000000000000 1 0 1 A 1 B 1 C 1 D 1 A BUILD NYC SERIES 2022 454040561 12008ELA2 2016-01-01 3010000 REFINANCING 0 1 0 B BUILD NYC SERIES 2023 454040561 12008ELB0 2016-01-01 3165000 REFINANCING 0 1 0 C BUILD NYC SERIES 2024 454040561 12008ELC8 2016-01-01 3320000 REFINANCING 0 1 0 D BUILD NYC SERIES 2025 454040561 12008ELD6 2016-01-01 3485000 REFINANCING 0 1 0 A 3010000 1 0 1 1 B 3165000 1 0 1 1 C 3320000 1 0 1 1 D 3485000 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 1 BONY MELLON 30.000000000000 0 0 1 TRINITY PLUS 3.000000000000 1 0 1 B 0 0 0 0 0 1 BONY MELLON 30.000000000000 0 0 1 TRINITY PLUS 3.000000000000 1 0 1 C 0 0 0 0 0 1 BONY MELLON 30.000000000000 0 0 1 TRINITY PLUS 3.000000000000 1 0 1 D 0 0 0 0 0 1 BONY MELLON 30.000000000000 0 0 1 TRINITY PLUS 3.000000000000 1 0 1 A 1 B 1 C 1 D 1 A BUILD NYC SERIES 2026 454040561 12008ELE4 2016-01-01 3660000 REFINANCING 0 1 0 B BUILD NYC SERIES 2027 454040561 12008ELF1 2016-01-01 3845000 REFINANCING 0 1 0 C BUILD NYC SERIES 2028 454040561 12008ELG9 2016-01-01 4035000 REFINANCING 0 1 0 D BUILD NYC SERIES 2029 454040561 12008ELH7 2016-01-01 4240000 REFINANCING 0 1 0 A 3660000 1 0 1 1 B 3845000 1 0 1 1 C 4035000 1 0 1 1 D 4240000 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 1 BONY MELLON 30.000000000000 0 0 1 TRINITY PLUS 3.000000000000 1 0 1 B 0 0 0 0 0 1 BONY MELLON 30.000000000000 0 0 1 TRINITY PLUS 3.000000000000 1 0 1 C 0 0 0 0 0 1 BONY MELLON 30.000000000000 0 0 1 TRINITY PLUS 3.000000000000 1 0 1 D 0 0 0 0 0 1 BONY MELLON 30.000000000000 0 0 1 TRINITY PLUS 3.000000000000 1 0 1 A 1 B 1 C 1 D 1 A BUILD NYC SERIES 2030 454040561 12008ELJ3 2016-01-01 4450000 REFINANCING 0 1 0 B BUILD NYC SERIES 2031 454040561 12008ELK0 2016-01-01 4675000 REFINANCING 0 1 0 C BUILD NYC SERIES 2032 454040561 12008ELL8 2016-01-01 4905000 REFINANCING 0 1 0 D BUILD NYC SERIES 2033 454040561 12008ELM6 2016-01-01 5085000 REFINANCING 0 1 0 A 4450000 1 0 1 1 B 4675000 1 0 1 1 C 4905000 1 0 1 1 D 5085000 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 1 BONY MELLON 30.000000000000 0 0 1 TRINITY PLUS 3.000000000000 1 0 1 B 0 0 0 0 0 1 BONY MELLON 30.000000000000 0 0 1 TRINITY PLUS 3.000000000000 1 0 1 C 0 0 0 0 0 1 BONY MELLON 30.000000000000 0 0 1 TRINITY PLUS 3.000000000000 1 0 1 D 0 0 0 0 0 1 BONY MELLON 30.000000000000 0 0 1 TRINITY PLUS 3.000000000000 1 0 1 A 1 B 1 C 1 D 1 A BUILD NYC SERIES 2034 454040561 12008ELN4 2016-01-01 5340000 REFINANCING 0 1 0 B BUILD NYC SERIES 2035 454040561 12008ELP9 2016-01-01 5605000 REFINANCING 0 1 0 C BUILD NYC SERIES 2036 454040561 12008ELS3 2016-01-01 5885000 REFINANCING 0 1 0 D TERM BOND 2041 454040561 12008ELR5 2016-01-01 34150000 REFINANCING 0 1 0 A 5340000 1 0 1 1 B 5605000 1 0 1 1 C 5885000 1 0 1 1 D 34150000 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 1 BONY MELLON 30.000000000000 0 0 1 TRINITY PLUS 3.000000000000 1 0 1 B 0 0 0 0 0 1 BONY MELLON 30.000000000000 0 0 1 TRINITY PLUS 3.000000000000 1 0 1 C 0 0 0 0 0 1 BONY MELLON 30.000000000000 0 0 1 TRINITY PLUS 3.000000000000 1 0 1 D 0 0 0 0 0 1 BONY MELLON 30.000000000000 0 0 1 TRINITY PLUS 3.000000000000 1 0 1 A 1 B 1 C 1 D 1 A TERM BOND 2045 454040561 12008ELQ7 2016-01-01 33490000 REFINANCING 0 1 0 A 33490000 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 0 0 1 BONY MELLON 30.000000000000 0 0 1 TRINITY PLUS 3.000000000000 1 0 1 A 1 X 2 168684 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 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: INTEREST RATE SWAP -9,691,000. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.