2013-05-09T12:50:28-05:00 2012-06-30 KPMG LLP 345 Park Avenue New York NY 101540102 990 2011-07-01 132837903 FIT STAFF HOUSING CO INC % JOHN J JOHNSTON FITS 2122173603 227 WEST 27TH STREET NEW YORK NY 10001 SHERRY BRABHAM 2013-05-08 true 2127589700 2011 2016-02-25 16:41:14Z DR JOYCE F BROWN 227 WEST 27TH STREET NEW YORK NY 10001 5435275 false X WWW.FITNYC.EDU X 1972 NY TO PROVIDE MANAGEMENT SERVICES AND OPERATION OF DORMITORY FACILITIES FOR FIT 16 16 0 0 0 0 0 0 4807092 5404225 19097 23484 27374 7566 4853563 5435275 0 0 0 0 0 0 0 0 0 4296275 4585825 4296275 4585825 557288 849450 4576185 5681303 2577474 2833142 1998711 2848161 TO OWN AND OPERATE DORMITORY FACILITIES FOR THE FASHION INSTITUTE OF TECHNOLOGY. false false 4086187 5411791 OPERATION AND MANAGEMENT OF DORMITORY FACILITIES FOR THE FASHION INSTITUTE OF TECHNOLOGY. 4086187 true false false false false false false false false false true false false false true true true true false false false false false false false false false false false true false false false false false false false false false false false false false true true true true false true 0 0 0 false false false false false false false false false false X 16 16 false false false false false false false true true false false true true true true true true false false false X JOHN J JOHNSTON 2122173602 236 WEST 27TH STREET 5TH FL NEW YORK NY 10001 X AMSALE ABERRA 1.0 X 0 0 0 RICHARD A ANDERMAN 1.0 X 0 0 0 JAY H BAKER 1.0 X 0 0 0 ROBIN-BURNS MCNEILL 1.0 X 0 0 0 JUDITH BYRD 1.0 X 0 0 0 CHRIS CASSON MADDEN 1.0 X 0 0 0 EDWIN A GOODMAN 1.0 X X 0 0 0 YAZ HERNANDEZ 1.0 X 0 0 0 JOAN B HORNIG 1.0 X 0 0 0 GEORGE S KAUFMAN 1.0 X 0 0 0 SAMANTHA KLOECKENER 1.0 X 0 0 0 JAQUI LIVIDINI 1.0 X 0 0 0 BEVERLY S MACK 1.0 X 0 0 0 ELIZABETH T PEEK 1.0 X X 0 0 0 DEIRDRE QUINN 1.0 X 0 0 0 ROBERT SAVAGE 1.0 X 0 0 0 DR JOYCE F BROWN 5.0 X 0 305217 126950 SHERRY BRABHAM 5.0 X 0 250673 37559 STEPHEN TUTTLE 5.0 X 0 48120 21062 ANN MARIE GRAPPO 20.0 X 0 124235 79982 JOSEPH GASCHEN 20.0 X 0 103384 76793 0 831629 342346 0 false true false ARAMARK CORP 1101 MARKET STREET PHILADELPHIA PA 19107 FOOD SERVICES 1144193 AMERICAN BUILDING MAINTENANCE 551 FIFTH AVENUE SUITE 300 NEW YORK NY 10176 JANITORIAL SERVICES 510508 US SECURITY ASSOC INC 501 5TH AVE NEW YORK NY 10017 SECURITY SERVICES 104616 3 0 DORMITORY FEES 721000 4115977 4115977 MEAL PLAN INCOME 721000 1169093 1169093 FOOD SERVICE REVENUE 900099 92740 92740 LAUNDRY INCOME 721000 13929 13929 DORM APPLICATION FEES 721000 12486 12486 5404225 23484 0 23484 0 0 0 0 0 0 DORM DAMAGE FEES 721000 6617 6617 OTHER INCOME 900099 949 949 7566 5435275 5411791 0 23484 0 0 0 0 0 0 0 0 0 0 90960 90960 0 21150 21150 0 0 0 10877 10877 0 9144 7557 1587 113455 113455 0 957186 957186 0 0 9525 9525 0 0 791278 791278 102612 102612 FOOD CONTRACTS 1143993 1143993 ALLOC. PAYROLL/FRINGES 592308 500901 91407 0 CONTRACT LABOR 551415 551415 SECURITY 191922 191922 4585825 4086187 499638 0 190431 1566572 0 0 0 0 275 18 0 0 0 0 0 0 0 0 5432 7290 13166629 9059206 4380047 4107423 0 0 0 0 0 0 0 0 0 0 4576185 5681303 487676 961283 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2089798 1871859 2577474 2833142 X 1998711 2848161 0 0 0 0 1998711 2848161 4576185 5681303 849450 X false true true X false X X X false false false FIT 132556338 0 true true true 4086187 1 4086187 325000 325000 4511264 3323212 1188052 7104916 4510545 2594371 1225449 1225449 0 4107423 0 AFFLIATE LOAN PAYABLE(FIT) 1871859 1871859 5435275 4585825 849450 849450 5435275 5435275 5435275 4585825 4585825 4585825 ASC 740 (FIN 48) FOOTNOTE SCHEDULE D, PART X, LINE 2 THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 115 OF THE INTERNAL REVENUE CODE (THE CODE). THE GASB COMPONENT UNITS ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE CODE AND A SIMILAR PROVISION OF THE NEW YORK STATE INCOME TAX LAWS. THE FOUNDATION, AN ENTITY INCLUDED IN FIT'S CONSOLIDATED FINANCIAL STATEMENTS BUT UNRELATED FOR TAX PURPOSES, ALSO DID NOT HAVE ANY MATERIAL UNRELATED BUSINESS INCOME TAX LIABILITY FOR THE YEARS ENDED JUNE 30, 2012 AND 2011. false false false false false false false false false DR JOYCE F BROWN 0 285367 0 0 0 19850 0 28042 0 98908 0 432167 0 SHERRY BRABHAM 0 250673 0 0 0 0 0 20251 0 17308 0 288232 0 ANN MARIE GRAPPO 0 124235 0 0 0 0 0 18234 0 61748 0 204217 0 JOSEPH GASCHEN 0 103384 0 0 0 0 0 15045 0 61748 0 180177 0 FORM 990, PART VI, SECTION B, LINE 11A THE RETURN WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY THE ORGANIZATION AND IN CONSULTATION WITH THE ORGANIZATION'S STAFF. THE DRAFT PREPARED BY THE ACCOUNTING FIRM WAS THEN CAREFULLY REVIEWED BY OFFICERS OF THE ORGANIZATION. A COMPLETE COPY OF THE FINAL VERSION OF FORM 990 WAS PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. QUESTIONS WERE REFERRED TO THE CHIEF FINANCIAL OFFICER FOR RESPONSE. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, DIRECTORS REVIEW THE CONFLICT OF INTEREST POLICY AND SIGN A DISCLOSURE STATEMENT. THE CONFLICT OF INTEREST POLICY AND DISCLOSURES ARE MONITORED BY GENERAL COUNSEL OF THE ORGANIZATION WITH ASSISTANCE FROM FIT's CONTROLLER. APPROPRIATE ACTION IS TAKEN BASED ON THE NATURE OF THE CONFLICT, IF ANY ARE IDENTIFIED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S DOCUMENTS INCLUDING ITS APPLICATION FOR TAX EXEMPT STATUS, FORM 990, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:AMSALE ABERRA TITLE:TRUSTEE HOURS:2 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:RICHARD A. ANDERMAN TITLE:TRUSTEE HOURS:2 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:JAY H. BAKER TITLE:TRUSTEE HOURS:3 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:ROBIN-BURNS MCNEILL TITLE:TRUSTEE HOURS:2 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:JUDITH BYRD TITLE:TRUSTEE HOURS:2 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:CHRIS CASSON MADDEN TITLE:TRUSTEE HOURS:2 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:EDWIN A. GOODMAN TITLE:CHAIR HOURS:2 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:YAZ HERNANDEZ TITLE:TRUSTEE HOURS:2 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:JOAN B. HORNIG TITLE:TRUSTEE HOURS:2 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:GEORGE S. KAUFMAN TITLE:TRUSTEE HOURS:2 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:SAMANTHA KLOECKENER TITLE:STUDENT TRUSTEE HOURS:3 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:JAQUI LIVIDINI TITLE:TRUSTEE HOURS:2 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:BEVERLY S. MACK TITLE:TRUSTEE HOURS:2 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:ELIZABETH T. PEEK TITLE:VICE CHAIR HOURS:3 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:DEIRDRE QUINN TITLE:TRUSTEE HOURS:2 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:ROBERT SAVAGE TITLE:TRUSTEE HOURS:2 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:DR. JOYCE F. BROWN TITLE:PRESIDENT HOURS:35 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:SHERRY BRABHAM TITLE:TREASURER HOURS:35 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:STEPHEN TUTTLE TITLE:SECRETARY HOURS:35 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:ANN MARIE GRAPPO TITLE:DIRECTOR, RESIDENTIAL LIFE HOURS:20 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:JOSEPH GASCHEN TITLE:ASST DIRECTOR RESIDENCE LIFE HOURS:20 FASHION INSTITUTE OF TECHNOLOGY 227 WEST 27TH ST NEW YORK NY 10001 132556338 EDUCATION NY 115 N/A NA false FIT STUDENT HOUSING CORPORATION 227 WEST 27TH ST NEW YORK NY 10001 133263493 DORMITORY NY 501(C)(3) 9 FIT false FIT STUDENT FACULTY CORPORATION 227 WEST 27TH ST NEW YORK NY 10001 131913988 EDU.SERVICES NY 501(C)(3) 9 FIT false false false false false true false false false false false false true false true true false false false FASHION INSTITUTE OF TECHNOLOGY E 1871859 ACCRUAL FASHION INSTITUTE OF TECHNOLOGY L 90960 ACCRUAL FASHION INSTITUTE OF TECHNOLOGY O 102612 ACCRUAL FIT STUDENT HOUSING CORPORATION N 592308 ACCRUAL