2014-10-15T15:38:14-05:00 2013-12-31 GRANT THORNTON LLP 666 THIRD AVENUE NEW YORK NY 100174057 990 2013-01-01 135562321 Practising Law Institute % FRANK DEVIVO PRAC 2128245700 1177 Avenue of the Americas Suite New York NY 10036 Frank Devivo CFO 2125990100 2014-10-15 true Scott Thompsett P00741490 2125990100 2013 2015-11-30 17:44:51Z X VICTOR RUBINO 1177 Avenues of Americas NEW YORK NY 10036 81459698 false X www.pli.edu X 1933 NY PRACTISING LAW INSTITUTE ("INSTITUTE") PROVIDES THE LEGAL COMMUNITY WITH CONTINUING PROFESSIONAL EDUCATION THROUGH LECTURE PROGRAMS, PUBLICATIONS, AND EDUCATIONAL SOFTWARE. 24 24 288 3915 0 0 0 0 48054189 54042145 5526145 4100780 9452375 8190186 63032709 66333111 13935635 17812481 0 0 23131851 25077083 0 0 0 23123618 28370110 60191104 71259674 2841605 -4926563 92448065 115410887 29323328 46384632 63124737 69026255 X PRACTISING LAW INSTITUTE ("INSTITUTE") IS A NOT FOR PROFIT ORGANIZATION FOUNDED IN 1933 AND CHARTERED BY THE REGENTS OF THE UNIVERSITY OF THE STATE OF NEW YORK. THE INSTITUTE PROVIDES THE LEGAL COMMUNITY WITH CONTINUING PROFESSIONAL EDUCATION THROUGH LECTURE PROGRAMS, PUBLICATIONS, AND EDUCATIONAL SOFTWARE. false false 57460033 17812481 54042145 Seminars-In 2013, PLI provided live seminars, live webcast, audio or video CD and MP3 downloads. Over 242,400 mandatory CLE certificates were processed for these programs. 8260987 10183980 Publishing services supplement the seminars offered by PLI to provide the most up-to-date, relevant information and techniques. Annually PLI provides Course Handbooks, Treaties, and Supplements which are important in providing legal community and allied professionals with the tools to maintain a competitive edge. In 2013, there were 209 Course Handbooks, 108 Treaties and Answer Books, and 89 Treaties Supplements releases issued. 117 Treatises were available for download on the Kindle digital reader. 65721020 true false false false false false false false false false true true false false true true true false false false true false false false false false false false true true false false false false false false false false false false false false false false false false false true 201 0 true 288 true false false false false false false false false false false false false X 24 24 false false false false false false false true true false false true true true true true true true true false CA NY X FRANK DEVIVO 2128245709 1177 AVENUE OF THE AMERICAS NEW YORK NY 10036 HON William F Kuntz II Board of Trustees 1.0 X David M Balabanian Board of Trustees 1.0 X Charles E Barnett Board of Trustees 1.0 X Devereux Chatillon Board of Trustees 1.0 X Douglas S Eakeley Board of Trustees 1.0 X William P Frank Chair of the Board 1.0 X X Stephen JFriedmanThru 0413 Board of Trustees 1.0 X Pierre Gentin Board of Trustees 1.0 X Edward F Greene Board of Trustees 1.0 X Roberta S KarmelThru 0413 Chair of the Board 1.0 X Mei Lin Kwan-Gett Board of Trustees 1.0 X Carmen J Lawrence Board of Trustees 1.0 X Lance Liebman Board of Trustees 1.0 X James L Lipscomb Board of Trustees 1.0 X judge Marc Marmaro Board of Trustees 0.25 X hon Angela M Mazzarelli Board of Trustees 1.0 X Frederick P Schaffer Board of Trustees 1.0 X John S Siffert Board of Trustees 1.0 X hon Sidney H Stein Board of Trustees 1.0 X hon Elizabeth S Stong Board of Trustees 1.0 X Gregory C Swinehart Board of Trustees 1.0 X Joan G Wexler Board of Trustees 1.0 X John W White Board of Trustees 1.0 X Kathryn D Wriston Board of Trustees 1.0 X Samuel WSeymourboard of trustees Chair of Executive committee 1.0 X X Ellen M Cosgrove Board of Trustees 1.0 X Victor J Rubino President 40.0 X 496642 0 34567 Kevin J Kelly Thru 0813 Vice President 40.0 X 259729 0 41887 Sandra R Geller Executive Vice President 40.0 X 313188 0 51093 Anita Shapiro executive Vice President 40.0 X 314654 0 50977 Frank DeVivo CFO / Treasurer 40.0 X 259608 0 51093 William Cubberley Vice President 40.0 X 215101 0 30562 Eileen C Shapiro Assistant to the President 40.0 X 108522 0 19872 Kenneth Moskowitz Chief Information Officer 40.0 X 284192 0 50977 John M Mola Director of CA Operations 40.0 X 189425 0 27675 Janet Garber Chief HR Officer 40.0 X 156665 0 24703 John Mastandrea Director, On line 40.0 X 180061 0 43583 David Schaller Director of Regional Sales 40.0 X 211826 0 46735 vivian Drake brown - Robinson Director of Major Accounts 40.0 X 197329 0 19506 Aliza Kofman Sr. Director of Major Accounts 40.0 X 322841 0 34567 Christopher Rousseau Director of Research 40.0 X 227681 0 25593 3737464 0 553390 35 false true false Structure Tone Inc 770 Broadway NEW YORK NY 100039522 construction 5409651 Robert Derector Associates 19 West 44th Street NEW YORK NY 10036 engineering 1994573 Gasch Printing LLC 1780 Crossroads Drive ODENTON MD 21113 Print Shop 1691690 Innodata Inc Three University Plaza HACKENSACK NJ 07601 Print Shop 1035850 Brightkey Inc 9050 Junction Drive ANNAPOLIS JUNCTION MD 21113 Fulfillment 912182 27 0 PROGRAMS, SEMINARS & CONFERENCES 611600 54042145 54042145 54042145 1171022 1171022 0 837625 837625 85465 85465 0 85465 85465 15946325 13016567 2929758 2929758 2929758 0 0 7699476 2110020 5589456 5589456 MAILING LIST RENTALS 900099 30761 30761 E-BOOKS 900099 1646879 1646879 1677640 66333111 62116105 4217006 0 17812481 17812481 0 0 3390690 2246191 1144499 0 16124417 14964889 1159528 1156345 1101436 54909 2946649 2629075 317574 1458982 1315615 143367 1298950 1294345 4605 337806 132200 205606 185997 185997 0 0 539193 539193 773163 759595 13568 2470113 2470113 631093 354469 276624 2324073 1765947 558126 1181943 1181943 4897612 4590118 307494 596485 564176 32309 29594 29594 4415201 4370429 44772 0 0 0 2380987 2266799 114188 370260 349345 20915 RELOCATION EXPENSES 4600253 4600253 OTHER POST EMPLYMT BENEFITS 642000 590364 51636 CREDIT CARD SERVICE CHARGE 297279 297279 MESSENGER SERVICE-GENERAL 52534 30198 22336 345574 4166 341408 71259674 65721020 5538654 0 1407306 7781637 7600579 1870548 0 0 3752171 2851912 0 0 0 0 0 0 543854 464809 1401570 1482797 57008374 40088204 5716014 16920170 63673969 73000380 7208345 8099294 0 0 0 0 1144257 2939340 92448065 115410887 6970512 8289550 0 0 13353841 14442077 0 0 0 0 0 0 0 7000000 0 0 8998975 16653005 29323328 46384632 X 63124737 69026255 0 0 0 0 63124737 69026255 92448065 115410887 X -4926563 10104081 724000 X false true X true false X 0 0 0 0 0 0 45686045 47921508 53630221 59581928 64226125 271045827 0 0 0 45686045 47921508 53630221 59581928 64226125 271045827 0 0 0 0 0 0 271045827 1533882 1642939 1837136 1548914 1256487 7819358 0 1533882 1642939 1837136 1548914 1256487 7819358 0 42071 38296 47935 29953 30761 189016 47261998 49602743 55515292 61160795 65513373 279054201 0.97130 0.96789 0.02802 0.03110 X 22196151 10888349 11307802 14498928 11261743 3237185 20313295 17938112 2375183 16920170 HEDGE FUNDS 8099294 F 8099294 0 ACCRUED POSTRETIREMENT BENEFITS 7223000 DEFERRED RENT PAYABLE 9430005 16653005 X 60195537 10104081 -17812481 -7708400 67903937 539193 -2110020 -1570827 66333111 55018020 2110020 2110020 52908000 539193 17812481 18351674 71259674 SCHEDULE D, PART XI Reconciliatin of revenue Line 2D: Scholarships reclassed TO PART XI - ($17,812,481) Line 4b: COGS reclassed from expense TO OFFSET SALES OF INVENTORY ON LINE 10B - (2,110,020) SCHEDULE D, PART XII Reconciliation of expenses Line 2D: COGS reclassed from expense TO OFFSET SALES OF INVENTORY ON LINE 10B - $2,110,020 Line 4b: Scholarships reclassed TO PART XI- $17,812,481 FIN-48 Financial Statement Footnote The Institute recognizes the tax effects from an uncertain tax position 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. As of December 31, 2013, management determined that there are no uncertain tax positions within its financial statements. The Institute 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 Institute may be subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the Code. The tax years ending December 31, 2010, 2011, 2012 and 2013 are still open to audit for both Federal and state purposes. East Asia and the Pacific 0 0 Program Services Securities Regulation 133942 Europe (Including Iceland and Greenland) 0 0 Program Services Securities Regulation 79867 South America 0 0 Program Services Securities Regulation 6333 Central America and the Caribbean Investments 8099294 0 0 0 0 8319436 8319436 Scholarship East Asia and the Pacific false false false false false false SCHEDULE F, PART IV The Practising Law Institute holds investments in various hedge funds that are incorporated in foreign jurisdictions and various United States limited partnerships that may make investments in foreign corporations. If the Institute is required to file any of these forms, they will be attached to a Form 990-T filing. For 2013, No form 990-T is required. true Course/Program Scholarships 15380 17812481 course/program SCHEDULE I, PART I, LINE 2 Scholarships are monitored by the PLI Scholarship Committee. Scholarship applications are submitted to this committee prior to the start of the program. Applications are approved based on established criteria and notification is given to applicants prior to the start of the program. In addition, certain programs are offered free of charge to all attendees. X true true X X X X X false true false false false false false false false Victor J Rubino President 496642 0 0 0 0 0 25500 0 9067 0 531209 0 0 0 Kevin J Kelly Thru 0813 Vice President 259529 0 0 0 200 0 25500 0 16387 0 301616 0 0 0 Sandra R Geller Executive Vice President 313188 0 0 0 0 0 25500 0 25593 0 364281 0 0 0 Anita Shapiro executive Vice President 314654 0 0 0 0 0 25500 0 25477 0 365631 0 0 0 Frank DeVivo CFO / Treasurer 259308 0 0 0 300 0 25500 0 25593 0 310701 0 0 0 William Cubberley Vice President 214951 0 0 0 150 0 21495 0 9067 0 245663 0 0 0 Kenneth Moskowitz Chief Information Officer 283892 0 0 300 0 25500 0 25477 0 335169 0 0 0 John M Mola Director of CA Operations 189276 0 0 0 149 0 18608 0 9067 0 217100 0 0 0 John Mastandrea Director, On line 179905 0 0 0 156 0 17990 0 25593 0 223644 0 0 0 David Schaller Director of Regional Sales 211420 0 0 0 406 0 21142 0 25593 0 258561 0 0 0 vivian Drake brown - Robinson Director of Major Accounts 195064 0 0 0 2265 0 19506 0 0 0 216835 0 0 0 Aliza Kofman Sr. Director of Major Accounts 322448 0 0 0 393 0 25500 0 9067 0 357408 0 0 0 Christopher Rousseau Director of Research 227522 0 0 0 159 0 0 0 25593 0 253274 0 0 0 Janet Garber Chief HR Officer 156365 0 0 0 300 0 15636 0 9067 0 181368 0 0 0 Schedule J, Line 1 THE INSTITUTE REIMBURSES PRESIDENT, VICTOR J. RUBINO, FOR HIS CLUB DUES. Schedule J, Part II, Column (B) (III) President Victor J. Rubino and Executive Vice President Sandra Geller participated in the Institute's non-qualified supplemental retirement plan. For calendar year 2013, the Institute contributed $23,447 to V. Rubino's Section 457(f) plan and $5,819 to S. Geller's Section 457(f) plan. Part 1 Line 6 Volunteer Volunteer instructional services are provided by attorneys and others in the legal profession. The value of the volunteer services has not been reflected in the financial statements as the nature of these services does not meet the criteria for recognition of contributed services under generally accepted accounting principles in the United States of America. FORM 990, PART VI, SECTION B, Line 11 990 review process The Practising Law Institute's Form 990 was prepared by a nationally renowned accounting firm in conjunction with the organization's financial department. A copy of the draft Form 990 was circulated to the Board of Trustees after review by senior management and the audit committee. Each Board Member was provided ample opportunity to comment on the information contained in the 990 prior to its electronic filing with the Internal Revenue Service. FORM 990, PART VI, SECTION B, line 12 conflict of interest policy monitoring & enforcement Each director and trustee of the Practising Law Institute is required to annually disclose any conflicts of interest that arise by virtue of employment, board service, or position with the organization. Practising Law Institute monitors compliance with its conflict of interest policy through an annual questionnaire/disclosure statement that is distributed to these individuals. Potential conflicts are investigated immediately. FORM 990, PART VI, section b, Line 15 process for determining compensation Practising Law Institute undertakes a thorough process to ensure that the executive compensation it pays to its top management official and all of the officers and key employees of the organization is reasonable given the market in which it operates. In relevant part, the Board of trustees has established a Compensation Committee of independent persons that have no personal interest in the proposed compensation agreement. The compensation committee utilized benchmarking data, surveys, and other reports to derive the President's salary. The President has no decision-making authority with respect to his own compensation arrangement. The Executive Committee of the Board of Trustees, based on the recommendations from the PLI Compensation Committee, who reviews comparability data, will approve annual raises for all officers and key employees in addition to a range of salary increases for all other employees. Employees are eligible for merit increases based on performance evaluations, which are summarized and submitted to the PLI President and then reviewed by the PLI Compensation Committee. FORM 990, PART VI, SECTION C, line 19 availability of documents to the public The Institute makes its Form 990 available to the public by retaining a copy at its place of business. The Institute's financial statements are available on their website. The governing documents and conflict of interest policy are not ordinarily made available to the public, however, if requested, they will be provided at Institute's discretion. FORM 990, Part XI, Line 9 other changes in net assets Pension Related Expenses $ 724,000