2016-05-10T13:27:54-05:00 2015-06-30 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2014-07-01 135645885 NEW YORK LAW SCHOOL NEWY 2124312100 185 WEST BROADWAY NEW YORK NY 10013 STUART A KLEIN TREASURER/SENIOR VP/CFO 2124312100 2016-05-10 1 ROBERT LYONS P00227472 2125038800 2014 2016-08-17 19:52:53Z ANTHONY W CROWELL 185 WEST BROADWAY NEW YORK NY 10013 145184197 0 X WWW.NYLS.EDU X 1891 NY THE MISSION OF NEW YORK LAW SCHOOL IS TO PROVIDE ITS STUDENTS WITH KNOWLEDGE, SKILL (SEE PAGE 2) AND ETHICAL VALUES NEEDED FOR A CAREER IN LAW. 30 29 857 0 18465 -25437 3172268 3674391 57767790 48976722 11361460 7651581 583809 666624 72885327 60969318 8736182 10907530 0 0 35119021 33574107 0 0 1437840 40024875 36718918 83880078 81200555 -10994751 -20231237 469798310 443055637 211309506 203787758 258488804 239267879 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 63532336 10907530 48976722 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. 1,016 STUDENTS ENROLLED IN THE JD AND LLM PROGRAMS 379 GRADUATED DURING THE 2014/2015 PROGRAM YEAR. 63532336 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 0 857 1 1 1 0 0 0 0 1 1 0 0 0 0 X 30 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 NY X STUART A KLEIN TREASURERSENIOR V 2124312100 185 WEST BROADWAY NEW YORK NY 10013 ARTHUR N ABBEY CHAIR 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 HON ERNST H ROSENBERG VICE CHAIR 1.00 X X 0 0 0 ANTHONY W CROWELL DEAN AND PRESIDENT 65.00 X X 450000 0 29795 TONIO BURGOS TRUSTEE (FORMER) 1.00 X 0 0 0 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 KATHLEEN GRIMM TRUSTEE (FORMER) 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 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 NORMAN RADOW TRUSTEE 1.00 X 0 0 0 ROBERT J RAYMOND TRUSTEE 1.00 X 0 0 0 JOHN J REDDY TRUSTEE 1.00 X 0 0 0 CYNTHIA G SENKO ROSICKI TRUSTEE 1.00 X 0 0 0 ALAN J SCHNURMAN 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 JAMES D ZIRIN TRUSTEE 1.00 X 0 0 0 PAUL L PORRETTA TRUSTEE 1.00 X 0 0 0 EMERSON S MOORE II TRUSTEE 1.00 X 0 0 0 STUART A KLEIN TREASURER/VICE PRESIDENT/C 45.00 X 231000 0 10590 CAROLE WALLACE EXEC. VICE. PRES./SECRETAR 45.00 X 251000 0 23763 DEBORAH ARCHER ASSOCIATE DEAN 45.00 X 251000 0 20914 RANDOLFH JONAKAIT FACULTY 35.00 X 315812 0 12660 JETHRO LIEBERMAN FACULTY 35.00 X 292325 0 36571 GERALD KORNGOLD FACULTY 35.00 X 321800 0 37264 LLOYD BONFIELD FACULTY 35.00 X 275425 0 23880 DAVID SCHOENBROD FACULTY 35.00 X 298800 0 26559 2687162 0 221996 88 0 1 0 ARCHTONE BUILDER 242 W 30 STREET NEW YORK NY 10001 CONSTRUCTION 2295767 ELLUCIAN COMPANY 2300 MAITLAND CENTER PARKWAY MAITLAND FL 32751 INFO TECH OUTSOURCING 1882350 BUILDING MAINTENANCE SERVICES 11 PENN PLAZA NEW YORK NY 10001 MAINTENANCE SERIVES 1712728 SUMMIT SECURITY SERVICES 390 RXR PLAZA UNIONDALE NY 11556 SECURITY SERVICES 575478 VIDEO CORPORATION PO BOX 5480 SOMERSET NJ 08875 IT SERVICES 513985 10 748440 987129 1938822 469920 3674391 TUITION & FEES 611710 46831518 46831518 AUXILIARY 611710 2092407 2092407 SUBSCRIPTION 611710 52797 52797 48976722 3273076 18465 3254611 88498964 77538465 6581994 10960499 -6581994 4378505 4378505 94420 748440 94420 0 MISCELLANEOUS 900099 666624 666624 666624 60969318 48976722 18465 8299740 X 10907530 10907530 1367244 1243000 124244 24492594 21099441 3183116 210037 899299 715321 174339 9639 5216694 2502525 2643058 71111 1598276 1284312 286656 27308 211765 211765 61000 61000 1284801 1284801 7063011 3593851 3090103 379057 255621 24190 231431 758952 622152 94140 42660 2902625 2608083 237616 56926 3637086 3474234 162852 341215 302936 36921 1358 639438 633755 5683 4870722 4362800 408473 99449 7786100 6974161 652964 158975 736039 6909 729130 UTILITIES 1952882 1755017 159124 38741 BOOKS & SUBSCRIPTIONS 941618 937926 3692 EQUIP. MAINT & REPAIRS 864421 761387 86936 16098 TEMP STAFF AGENCY 586139 219718 183147 183274 1825483 746088 1060432 18963 81200555 63532336 16230379 1437840 1923028 1922573 40686806 29578180 1208833 1031204 856535 610890 1873661 1863972 14049 13925 3938964 3962597 234048549 73974765 171183319 160073784 101015396 85858672 146495376 157486441 602343 653399 469798310 443055637 6250073 6558561 2898242 2878013 279600 338142 164805000 153715000 37076591 40298042 211309506 203787758 X 213665634 192629789 12188900 13687599 32634270 32950491 258488804 239267879 469798310 443055637 X -20231237 2370312 -1360000 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 768481 X 0 42256372 316220 1486800 199950 988800 42870642 39398119 327046 3718723 504097 683419 42256372 36534786 649913 2982739 393830 375489 39398119 36364126 881848 311188 251480 148520 37157162 31586294 1987455 4229591 701200 738014 36364126 0.76860 0.23140 1 0 704458 704458 196940118 46836422 150103696 35635492 27138343 8497149 768481 768481 160073784 GOVERNMENT SECURITIES 18195731 F HEDGE FUNDS 110968076 F PRIVATE INVESTMENTS 28322634 F 157486441 POST RETIREMENT BENEFITS 15358042 INTEREST RATE SWAP PAYABLE 24940000 40298042 X 61979630 2370312 -1360000 1010312 60969318 0 60969318 81200555 0 81200555 0 81200555 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 INCLUENCE 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 HAD NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 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. THE SCHOOL IS NO LONGER SUBJECT TO FEDERAL OR STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEAR ENDED JUNE 30, 2012 AND PRIOR YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: INTEREST RATE SWAP -1,360,000. 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 120319 0 0 0 0 0 0 120319 0 120319 0 0 0 0 0 0 NYLS GALA 667636 603216 64420 64420 SCHOLAR EVENT 175224 145224 30000 30000 842860 748440 94420 94420 94420 0 0 SCHOLARSHIP AND GRANTS 766 10907530 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 29795 0 479795 0 0 0 STUART A KLEIN TREASURER/VICE PRESIDENT/C 231000 0 0 0 0 0 0 0 10590 0 241590 0 0 0 CAROLE WALLACE EXEC. VICE. PRES./SECRETAR 251000 0 0 0 0 0 0 0 23763 0 274763 0 0 0 DEBORAH ARCHER ASSOCIATE DEAN 251000 0 0 0 0 0 0 0 20914 0 271914 0 0 0 RANDOLFH JONAKAIT FACULTY 126324 0 0 0 189488 0 0 0 12660 0 328472 0 0 0 JETHRO LIEBERMAN FACULTY 284325 0 0 0 8000 0 0 0 36571 0 328896 0 0 0 GERALD KORNGOLD FACULTY 313800 0 0 0 8000 0 0 0 37264 0 359064 0 0 0 LLOYD BONFIELD FACULTY 234925 0 0 0 40500 0 0 0 23880 0 299305 0 0 0 DAVID SCHOENBROD FACULTY 279800 0 0 0 19000 0 0 0 26559 0 325359 0 0 0 SCHEDULE J. PART II: RANDOLPH JONAKAIT ACHIEVED EMERITUS STATUS ON JULY 1, 2014. HIS COMPENSATION INCLUDES A PAYMENT OF $189,488 FOR HIS PARTICIPATION IN A RETIREMENT INCENTIVE PROGRAM THAT TRANSITIONED FACULTY TO EMERITUS STATUS. A DASNY SERIES 2009 013000293 649905GM2 2009-06-18 40500000 CONSTRUCTION AND RENOVATION 0 1 0 B NYCIDACFRB SERIES 2006B 132946690 649710BG4 2006-06-30 67500000 NEW BUILDING PROJECT 0 1 0 C NYCIDACFRB SERIES 2006A 132946690 649710BF4 2006-06-30 67500000 NEW SCHOOOL BUILDING PROJECT 0 1 0 A 8835000 40500000 1141916 39358084 1 0 1 1 B 6475000 67500000 2600369 64899631 1 0 1 1 C 6475000 67500000 2600369 64899631 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 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 A 1 B 1 C 1 X 2200 469920 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. PART VI, SECTION B LINE 13: A DRAFT WHISTLEBLOWER POLICY HAS PREPARED AND WAS SUBMITTED TO THE SCHOOL'S AUDIT COMMITTEE AND APPROVED ON SEPTEMBER 30, 2015. FORM 990, PART IX, LINE 24E BAD DEBT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 521,061. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 521,061. SPECIAL EVENTS: PROGRAM SERVICE EXPENSES 397,625. MANAGEMENT AND GENERAL EXPENSES 113,796. FUNDRAISING EXPENSES 6,651. TOTAL EXPENSES 518,072. DUES & AFFILIATIONS: PROGRAM SERVICE EXPENSES 51,165. MANAGEMENT AND GENERAL EXPENSES 115,214. FUNDRAISING EXPENSES 77. TOTAL EXPENSES 166,456. COMMENCEMENT EXP: PROGRAM SERVICE EXPENSES 40. MANAGEMENT AND GENERAL EXPENSES 141,028. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 141,068. MEMBERSHIP EXPENSES: PROGRAM SERVICE EXPENSES 90,429. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 90,429. BANK CHARGES & FEES: PROGRAM SERVICE EXPENSES 12,195. MANAGEMENT AND GENERAL EXPENSES 65,929. FUNDRAISING EXPENSES 10,212. TOTAL EXPENSES 88,336. RECRUITMENT: PROGRAM SERVICE EXPENSES 86,974. MANAGEMENT AND GENERAL EXPENSES 250. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 87,224. PUBLIC RELATIONS: PROGRAM SERVICE EXPENSES 2,000. MANAGEMENT AND GENERAL EXPENSES 73,784. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 75,784. WORKSHOPS: PROGRAM SERVICE EXPENSES 60,757. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 60,757. SYMPOSIA: PROGRAM SERVICE EXPENSES 16,349. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,349. AV SUPPLIES: PROGRAM SERVICE EXPENSES 13,295. MANAGEMENT AND GENERAL EXPENSES 1,527. FUNDRAISING EXPENSES 303. TOTAL EXPENSES 15,125. PHOTOGRAPGHY: PROGRAM SERVICE EXPENSES 2,900. MANAGEMENT AND GENERAL EXPENSES 4,589. FUNDRAISING EXPENSES 1,500. TOTAL EXPENSES 8,989. BOARD EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 7,434. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,434. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 212. MANAGEMENT AND GENERAL EXPENSES 6,989. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,201. COLLECTION COSTS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 6,815. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,815. STORAGE: PROGRAM SERVICE EXPENSES 6,661. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,661. REHAB & RENEWAL REPLACEMENT: PROGRAM SERVICE EXPENSES 5,464. MANAGEMENT AND GENERAL EXPENSES 511. FUNDRAISING EXPENSES 125. TOTAL EXPENSES 6,100. EMPLOYEE TRAINING: PROGRAM SERVICE EXPENSES 22. MANAGEMENT AND GENERAL EXPENSES 1,505. FUNDRAISING EXPENSES 95. TOTAL EXPENSES 1,622. FORM 990, PART XI, LINE 9: INTEREST RATE SWAP -1,360,000. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.