2013-05-14T14:08:56-05:00 2012-06-30 271728945 O'Connor Davies LLP 665 Fifth Avenue New York NY 10022 990 2011-07-01 133297197 The New School NEWS 2122295600 66 West 12th Street New York NY 10011 Steve Stabile 2122295600 2013-05-11 1 Garrett M Higgins P00543209 2122862600 2013-05-11 2011 2016-02-24 21:20:13Z David Van Zandt 66 West 12th Street New York NY 10011 558137713 0 X www.newschool.edu X 1919 NY See Schedule O 42 39 7011 312 -11430 -15004 30279404 27148877 347505955 364739292 7794547 10401643 3030071 3593123 388609977 405882935 81021360 86078122 0 0 196408241 205450550 0 0 3864895 104502472 105005655 381932073 396534327 6677904 9348608 941841112 961229154 510135079 533140487 431706033 428088667 X See Schedule O 0 0 128255374 335165748 Academic Program: The university's academic program is composed of instructional, research and public service activities. The university provides baccalaureate, masters, and doctoral degrees. In academic year 2011-12 it enrolled 10,797 degree students and 2,886 continuing education students. The university research and public service activities enable faculty to explore new areas of education, learning and knowledge and provides non-instructional services to individuals and groups external to the university. 86195707 Educational Support: The university's educational support program is composed of academic support and student services. Academic support provides support services, such as libraries, academic technology, faculty and curriculum development, for its primary missions of instruction, research and public service. Student services provide various services to students, which contribute to the students' emotional and physical well-being and to their intellectual, cultural, and social development outside the context of the university's formal instructional programs. 86078122 86078122 Scholarship And Financial Aid:The New School seeks to make its education as affordable as possible by offering financial support to students based on financial need, academic achievement, and other qualifications through scholarships and work study programs, which are funded by institutional funds and federal, state and private grants. In academic year 2011-12, 8,076 students received institutional scholarships and 8,979 students received at least one form of institutional or public scholarships, grants, loans, or work study awards. 29296653 29573544 Auxiliary revenue for room and board and health services. 29296653 29573544 329825856 1 1 0 1 0 0 0 1 0 1 1 1 0 1 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 1 1 0 0 1 11015 0 1 7011 1 1 1 1 GM 0 0 0 1 1 0 0 0 0 X 42 39 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X Frank Barletta Senior Vice Preside 2122295600 66 West 12th Street New York NY 10011 David Van Zandt 60.00 X X 707191 0 657000 Michael J Johnston 1.00 X X 0 0 0 Robert H Mundheim 1.00 X X 0 0 0 David B Ford 1.00 X X 0 0 0 Arnold H Aronson 1.00 X 0 0 0 Bernard L Schwartz 1.00 X 0 0 0 Beth Rudin DeWoody 1.00 X 0 0 0 Bevis Longstreth 1.00 X 0 0 0 Douglas D Durst 1.00 X 0 0 0 Elliot Stein 1.00 X 0 0 0 Eugene M Lang 1.00 X 0 0 0 Franci J Blassberg 1.00 X 0 0 0 Garry Crowder 1.00 X 0 0 0 George Walker 1.00 X 0 0 0 Henry H Arnhold 1.00 X 0 0 0 Jane D Hartley 1.00 X 0 0 0 Jane De Florio 1.00 X 0 0 0 Jeffrey Gural 1.00 X 0 0 0 John L Tishman 1.00 X 0 0 0 Jonathan Newcomb 1.00 X 0 0 0 Joseph R Gromek 1.00 X 0 0 0 Joshua Sapan 1.00 X 0 0 0 Judith Zarin 1.00 X 0 0 0 Julien J Studley 1.00 X 0 0 0 Kay Unger 1.00 X 0 0 0 Lee Slaughter 1.00 X 0 0 0 Lilian Shiao-Yen Wu 1.00 X 0 0 0 Linda E Rappaport 1.00 X 0 0 0 Malcolm B Smith 1.00 X 0 0 0 Michael E Gellert 1.00 X 0 0 0 Nancy Lublin 1.00 X 0 0 0 Nancy Walker 1.00 X 0 0 0 Paul A Gould 1.00 X 0 0 0 Randall S Yanker 1.00 X 0 0 0 Renaud Dutreil 1.00 X 0 0 0 Robert R Hoerle 1.00 X 0 0 0 Sheila C Johnson 1.00 X 0 0 0 Steven H Bloom 1.00 X 0 0 0 Susan L Foote 1.00 X 0 0 0 Susan M Lyne 1.00 X 0 0 0 Susan U Halpern 1.00 X 0 0 0 Timothy L Porter 1.00 X 0 0 0 William D Zabel 1.00 X 0 0 0 William E Havemeyer 1.00 X 0 0 0 Tim Marshall 40.00 X 499438 0 47219 Frank Barletta 40.00 X 317577 0 29176 Carol Cantrell 40.00 X 261923 0 49742 Shelley Reed 40.00 X 281623 0 51479 Mary Sanger 40.00 X 310105 0 54691 Craig Becker 40.00 X 243376 0 52320 Lia Gartner 40.00 X 244676 0 44219 Robert Gay 40.00 X 261538 0 56487 Nancy Martin 40.00 X 251326 0 52372 Roy Moskowitz 40.00 X 262799 0 49815 Doris Suarez 40.00 X 255658 0 40914 Linda Reimer 40.00 X 256627 0 49857 Pamela Besnard 40.00 X 296030 0 46531 Rosemary Mathewson 40.00 X 136607 0 14698 Steve Stabile 40.00 X 165823 0 19910 Peter Taback 40.00 X 156909 0 26221 Michael Schober 40.00 X 248892 0 31943 Joel Towers 40.00 X 304939 0 49901 Stephania De Kenessey 40.00 X 206311 0 38600 David Scobey 40.00 X 364948 0 30962 Simon Collins 40.00 X 215471 0 32337 Paul Goldberger 40.00 X 204897 0 46445 William Morrish 40.00 X 217012 0 46522 Richard Bernstein 40.00 X 199046 0 45001 Neil Grabios 40.00 X 267450 0 24500 J Robert Kerrey 40.00 X 954742 0 33721 James Murtha 40.00 X 1426206 0 91110 Ben Lee 40.00 X 328126 0 46054 Greggory Spence - Current Prof 40.00 X 133710 0 14171 Neil Gordon 40.00 X 100203 0 7930 Joel Lester 40.00 X 256681 0 49554 Robert Lupone 40.00 X 134205 0 21776 10472065 0 1953178 204 1 1 0 Rosenberg & Estis PC 733 3rd Avenue 14th Floor New York NY 10017 Legal Services 1537775 Skidmore Owings & Merrill LLP 14 Wall Street New York NY 10005 Architectural Service 1240521 TNS Developer LLC One Bryant Park New York NY 10036 Construction Mgmt. 1222347 Alliance Environmental LLC 2 Clerico Lane Suite 210 Hillsborough NJ 08844 Engineering Services 584093 Hogan Lovells US LLP 555 13th St NW Washington DC 20004 Legal Services 569969 52 881520 4526 5687712 20575119 748134 27148877 Tuition & fees 900099 334682298 334682298 Aux Enterprise Rev 900099 29573544 29573544 Svc of Education Dept 900099 483450 483450 364739292 6119996 -11430 6131426 2763399 0 2763399 2763399 2763399 156085830 151804183 4281647 4281647 4281647 85650 881520 450595 -364945 -364945 Indirect Cost Recovery 900099 1013069 1013069 Miscellaneous Revenue 900099 76493 76493 Commissions 900099 65597 65597 39510 39510 1194669 405882935 364739292 -11430 14006196 86078122 86078122 7292517 2820765 4098880 372872 3362304 974112 2292890 95302 145320941 126086544 17137171 2097226 13502011 11241501 2036478 224032 25179542 15995908 8679222 504412 10793235 8986229 1627919 179087 811987 93861 718126 274300 274300 488262 488262 543960 543960 5158755 3626123 1528842 3790 3384219 3041328 333801 9090 9604665 5199634 4340505 64526 2762113 1373073 1387054 1986 480550 117755 362795 40325941 33724667 6600924 350 4223154 4007776 160861 54517 500836 447714 50967 2155 6414606 5224948 1168201 21457 521240 520715 525 13696161 10815724 2850675 29762 1026494 58198 968296 Food Services 2856279 2677188 123427 55664 Library 2798706 2773067 25639 Debt Refinancing Loss 2093763 2093763 Bad Debt Expense 1613768 1613768 5425896 3940904 1336325 148667 396534327 329825856 62843576 3864895 1577703 8071821 855925 1192201 38863430 38560678 12069535 10231673 150000 150000 4432442 4303903 16557120 16112962 490893098 111557663 273539430 379335435 203391907 251061808 105876349 71080019 284527271 181128654 941841112 961229154 54757215 79826535 11345821 11459993 440258006 438083581 3774037 3770378 510135079 533140487 X 237910387 233050060 119590514 116695430 74205132 78343177 431706033 428088667 941841112 961229154 X 9348608 -12965974 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 488262 488262 0 Explanation of Lobbying Activities: Part II-B, Line 1: The expenses were incurred for the purpose of government relations activities with The City of New York, State of New York, and Federal Government; lobbying activities in support of higher education issues and legislation; and to assist in procuring appropriations and grants. X 0 216984122 5851103 -4553073 3392370 6532339 208357443 188168547 4087531 34861283 3605236 6528003 216984122 179373610 1144433 18229335 3788026 6790805 188168547 219174978 3760680 -32565876 3842743 7153429 179373610 0.47000 0.53000 0 0 52913688 52913688 193847896 84588622 109259274 57632502 19191728 38440774 14237142 7777313 6459829 172261870 172261870 379335435 Investments- Hedge Funds 32513996 F Investments- Private Equity 15039881 F Investments- Commodities 23526142 F 71080019 Funds Held by Bond Trustees 181128654 181128654 Refundable Portion Perkins Student 3770378 3770378 405882935 396534327 9348608 -13026126 60152 -12965974 -3617366 306745474 -13026126 510747 -12515379 319260853 543960 86078122 86622082 405882935 310362840 450595 450595 309912245 543960 86078122 86622082 396534327 Part III, Line 1a: The university's art collection consists of works of art, including prints, paintings, photographs, and sculptures that are held for the purposes of public exhibition, education, and research. Each of the items is cataloged, preserved, and cared for, and activities verifying their existence and assessing their condition are performed by the university's curators under the supervision of the Trustee Art Committee. The art collection, which was acquired through purchases and contributions since the university's inception, is not recognized as an asset in the balance sheet. Purchases of collection items are recorded as expenses and contributed collection items are not reported as contributions. Proceeds from sales are reflected as increases in unrestricted net assets. Part III, Line 4: The mission of The New School Art Collection, in recognition of its historic commitment to art as a vehicle for sociopolitical change, is to advance the importance of art as an agent for personal and collective transformation. As a curricular resource for all areas of study, the role of the collection is to conserve, interpret, and present works of art to the students, faculty, and greater community. New acquisitions support the vision of the university as an environment for innovative thinking and artistic experimentation. The university's legacy of supporting the freedom of artistic expression began in 1931 with the commissioning of two historically significant mural cycles: Jose Clemente Orozco's A Call for Revolution and Universal Brotherhood and Thomas Hart Bentons epic America Today. Over the years, the university has hosted a roster of accomplished artists, writers, dancers, designers, historians, social scientists, and philosophers, creating a flourishing laboratory for experimentation and innovation. As an institution that embraced such diverse figures as poet Robert Frost, anthropologist Margaret Meade, art historian Meyer Schapiro, and composer/conceptual artist John Cage, The New School has always stood at the forefront of self-discovery and visionary social, intellectual, and aesthetic experimentation. The New School Art Collection was established in 1960 with a grant from the Albert A. List Foundation. The collection, grown to approximately 1,800 postwar and contemporary works of art, includes examples in almost all media by some of the most innovative and creative artists of our time. Installed throughout the university campus and transforming the public spaces into lively forums for examining contemporary art, the collection offers students and faculty a rare opportunity to engage with art on a daily basis, making it a distinctive component of their educational experience. The collection has continued its tradition of incorporating site-specific works into its public spaces. Description of Intended Use of Endowment Funds: Part V, Line 4: ENDOWMENT FUNDS THE UNIVERSITY'S ENDOWMENT IS COMPOSED OF APPROXIMATELY 280 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, INCLUDING SCHOLARSHIPS, PROFESSORSHIPS, FACULTY DEVELOPMENT, LECTURES, AND RESEARCH PROGRAMS. THE ENDOWMENT CONSISTS OF BOTH DONOR RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS FUNCTIONING AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR IMPOSED RESTRICTIONS. THE UNIVERSITY'S INDIVIDUAL ENDOWMENT FUNDS ARE POOLED FOR INVESTMENT PURPOSES. THE INVESTMENT PORTFOLIO IS MANAGED TO ACHIEVE A PRUDENT LONG TERM RETURN. THE UNIVERSITY RELIES ON A TOTAL RETURN STRATEGY IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION (REALIZED AND UNREALIZED) AND CURRENT YIELD (INTEREST AND DIVIDENDS). THE UNIVERSITY TARGETS A DIVERSIFIED ASSET ALLOCATION THAT PLACES A GREATER EMPHASIS ON EQUITY BASED INVESTMENTS TO ACHIEVE ITS LONG TERM RETURN OBJECTIVES WITHIN PRUDENT RISK CONSTRAINTS. THE ENDOWMENT ASSETS ARE INVESTED TO PROVIDE A REAL TOTAL RETURN THAT PRESERVES THE PURCHASING POWER OF THE ENDOWMENT, ENDOWMENT FUNDS THE UNIVERSITY'S ENDOWMENT IS COMPOSED OF APPROXIMATELY 280 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, INCLUDING SCHOLARSHIPS, PROFESSORSHIPS, FACULTY DEVELOPMENT, LECTURES, AND RESEARCH PROGRAMS. THE ENDOWMENT CONSISTS OF BOTH DONOR RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS FUNCTIONING AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR IMPOSED RESTRICTIONS. THE UNIVERSITY'S INDIVIDUAL ENDOWMENT FUNDS ARE POOLED FOR INVESTMENT PURPOSES. THE INVESTMENT PORTFOLIO IS MANAGED TO ACHIEVE A PRUDENT LONG TERM RETURN. THE UNIVERSITY RELIES ON A TOTAL RETURN STRATEGY IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION (REALIZED AND UNREALIZED) AND CURRENT YIELD (INTEREST AND DIVIDENDS). THE UNIVERSITY TARGETS A DIVERSIFIED ASSET ALLOCATION THAT PLACES A GREATER EMPHASIS ON EQUITY BASED INVESTMENTS TO ACHIEVE ITS LONG TERM RETURN OBJECTIVES WITHIN PRUDENT RISK CONSTRAINTS. THE ENDOWMENT ASSETS ARE INVESTED TO PROVIDE A REAL TOTAL RETURN THAT PRESERVES THE PURCHASING POWER OF THE ENDOWMENT, WHILE GENERATING AN INCOME STREAM TO SUPPORT THE ACADEMIC ACTIVITIES OF THE UNIVERSITY. ACTUAL RETURNS MAY VARY FROM THIS GOAL IN ANY GIVEN YEAR. THE UNIVERSITY'S SPENDING POLICY IS DESIGNED TO PROVIDE A SUSTAINABLE AND PREDICTABLE FLOW OF FUNDS TO SUPPORT ANNUAL OPERATIONS. THE SPENDING POLICY IS INTENDED TO BALANCE CURRENT SPENDING NEEDS AND TO PRESERVE THE ENDOWMENT'S FUTURE PURCHASING POWER. THE UNIVERSITY APPLIES A BOARD SPECIFIED SPENDING RATE TO A MOVING AVERAGE OF ENDOWMENT INVESTMENT FUNDS. THE PURPOSE OF USING A MOVING AVERAGE IS TO SMOOTH OUT ANY WIDE FLUCTUATIONS IN THE MARKET VALUE. ENDOWMNET EARNINGS IN EXCESS OF THE SPENDING RATE ARE ADDED BACK TO THE PRINCIPAL OF THE ENDOWMENT INVESTMENTS. Description of Uncertain Tax Positions Under FIN 48: Part X: The university is exempt from Federal income taxes pursuant to Section 501(c)(3) of the Internal Revenue Code. Accordingly, no provision for Federal income tax has been recorded in the accompanying financial statements. The university is also exempt from New York income taxes under the related state provisions. Management believes that the university will continue to be exempt from taxes and that the university has taken no significant uncertain tax positions. Donations to the university qualify for deduction as charitable contributions. Part XI, Line 8 - Other Adjustments: Change in Value of Split Interest 43,863. Change in Postretirement Benefits 16,289. Total to Schedule D, Part XI, Line 8: 60,152. Part XII, Line 2d - Other Adjustments: Change in Value of Split Interest - $43,863 Change in Postretirement benefits - $16,289 Special Event Expenses Reported on Form 990, Part VIII, Line 8B - $450,595 Part XII, Line 4b - Other Adjustments: Scholarship Expenses Netted Against Revenue - $86,078,122 Part XIII, Line 2d - Other Adjustments: Special Event Expenses Reported on Form 990, Part VIII, Line 8B - $450,595 Part XIII, Line 4b - Other Adjustments: Scholarship Expenses Netted Against Revenue - $86,078,122 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Explanation of Nondiscriminatory Policy Publication Schedule E, Part I, Line 3 A general statement of non-discrimination is included in all advertisement and other printed media relating to the recruitment of students and employees. Form 990, Schedule E, Line 6 The university receives various forms of financial aid from the government support financial assistance provided to the students. The types of government assistance the university receives include the following: Federal Pell Grant Federal Supplemental Opportunity Grant (SEOG) Federal Academic Competitiveness Grant (ACG) Federal Perkins Loan Federal Family Education Loan Program (FFELP) (including Stafford and Parent PLUS Loans) Federal Direct Loan program Federal Work Study Program New York State Tuition Assistance Program (TAP) New York State Aid for Part-Time Study (APTS) New York State Higher Education Opportunity Program (HEOP) New York State Bundy Aid Appropriation The university receives government funding to support its organized research programs. These governmental grants help to further the university's mission by supporting organized research efforts in the areas of education, training, and public services. The public agencies that support the university's research activities are: National Science Foundation Department of Health and Human Services United States Department of Energy United States Department of Education United States Department of Housing and Urban Development United States Department of Environmental Protection United States Department of Defense The National Endowment for the Arts The National Endowment for the Humanities Europe (Including Iceland & Greenland) 0 0 Investments 15892669 Central America and the Caribbean 0 0 Investments 51833768 South America - Argentina, Bolivia 0 0 Program Services Recruiting, Research 151917 East Asia and the Pacific 0 0 Program Services Recruiting, Research 180643 North America 0 0 Program Services Recruiting, Research 64394 Sub-Saharan Africa 0 0 Program Services Recruiting, Research 48581 Europe (Including Iceland & Greenland) 0 0 Program Services Recruiting, Research 750948 South Asia 0 0 Program Services Research 60700 0 0 0 0 0 0 68983620 0 68983620 1 0 1 1 1 0 Parson's fashion show 938415 854990 83425 185400 202513 Jazz 25th Legacy 28755 26530 2225 6962 55720 967170 881520 85650 192362 258233 450595 -364945 1 The New School Institutional Scholarship Program 8076 80996802 Federal Student Aid Grants 1826 5081320 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: PROCEDURES FOR MONITORING USE OF GRANT FUNDS IN U.S.: Grants and other assistance awarded to individuals in the U.S. represent student financial aid. Student financial aid awards are determined by the university's assessment of academic achievement, financial need and other similar standards. Student Financial Services continuously monitors student eligibility for these awards. Student Financial Services is responsible for regulatory compliance. Student Financial Services ensures equity by applying all need analysis formulas consistently across the institution's population of student financial aid applicants and provides services that do not discriminate on the basis of race, gender ethnicity, sexual orientation, religion, disability, age, or economic status. The university receives various forms of financial aid from the government to support financial assistance provided to the students. The types of government assistance the university receives include the following: Federal Pell Grant Federal Supplemental Opportunity Grant (SEOG) Federal Academic Competitiveness Grant (ACG) Federal National SMART Grants (NSMART) Federal Direct Loan Program Federal Work Study Program The university receives government funding to support its organized research programs. These governmental grants help to further the university's mission by supporting organized research efforts in the areas of education, training, and public services. The public agencies that support the university's research activities are: National Science Foundation Department of Health and Human Services United States Department of Energy United States Department of Education United States Department of Housing and Urban Development United States Department of Environmental Protection United States Department of Defense The National Endowment for the Arts The National Endowment for the Humanities X X X 1 1 X X X X X X 1 1 0 0 0 0 0 0 0 David Van Zandt 647128 0 0 0 60063 0 165000 0 492000 0 1364191 0 0 0 Tim Marshall 395761 0 0 0 103677 0 39780 0 7439 0 546657 0 0 0 Frank Barletta 301845 0 10000 0 5732 0 25125 0 4051 0 346753 0 0 0 Carol Cantrell 261923 0 0 0 0 0 26867 0 22875 0 311665 0 0 0 Shelley Reed 281623 0 0 0 0 0 28794 0 22685 0 333102 0 0 0 Mary Sanger 303605 0 0 0 6500 0 28994 0 25697 0 364796 0 0 0 Craig Becker 233376 0 10000 0 0 0 24603 0 27717 0 295696 0 0 0 Lia Gartner 244311 0 0 0 365 0 24165 0 20054 0 288895 0 0 0 Robert Gay 261538 0 0 0 0 0 27719 0 28768 0 318025 0 0 0 Nancy Martin 251326 0 0 0 0 0 26346 0 26026 0 303698 0 0 0 Roy Moskowitz 249339 0 0 0 13460 0 25936 0 23879 0 312614 0 0 0 Doris Suarez 218570 0 8399 0 28689 0 22505 0 18409 0 296572 0 0 0 Linda Reimer 256627 0 0 0 0 0 26480 0 23377 0 306484 0 0 0 Pamela Besnard 260700 0 0 0 35330 0 26654 0 19877 0 342561 0 0 0 Rosemary Mathewson 136607 0 0 0 0 0 11250 0 3448 0 151305 0 0 0 Steve Stabile 165823 0 0 0 0 0 16790 0 3120 0 185733 0 0 0 Peter Taback 156909 0 0 0 0 0 16142 0 10079 0 183130 0 0 0 Michael Schober 248892 0 0 0 0 0 24438 0 7505 0 280835 0 0 0 Joel Towers 279939 0 0 0 25000 0 28704 0 21197 0 354840 0 0 0 Stephania De Kenessey 170981 0 0 0 35330 0 17850 0 20750 0 244911 0 0 0 David Scobey 298103 0 0 0 66845 0 29729 0 1233 0 395910 0 0 0 Simon Collins 215471 0 0 0 0 0 21930 0 10407 0 247808 0 0 0 Paul Goldberger 204897 0 0 0 0 0 21551 0 24894 0 251342 0 0 0 William Morrish 192012 0 0 0 25000 0 20400 0 26122 0 263534 0 0 0 Richard Bernstein 199046 0 0 0 0 0 20947 0 24054 0 244047 0 0 0 Neil Grabios 267450 0 0 0 0 0 24500 0 0 0 291950 0 0 0 J Robert Kerrey 474770 0 0 0 479972 0 29900 0 3821 0 988463 0 220555 0 James Murtha 260643 0 10079 0 1155484 0 24500 0 66610 0 1517316 0 169366 0 Ben Lee 243126 0 0 0 85000 0 24500 0 21554 0 374180 0 0 0 Greggory Spence - Current Prof 83710 0 0 0 50000 0 8545 0 5626 0 147881 0 0 0 Neil Gordon 74701 0 0 0 25502 0 7442 0 488 0 108133 0 0 0 Joel Lester 233858 0 0 0 22823 0 24500 0 25054 0 306235 0 470 0 Robert Lupone 104095 0 0 0 30110 0 13011 0 8765 0 155981 0 0 0 Part I, Line 1a Campus housing was provided to David Van Zandt as a condition of employment for the convenience of the university. Mr. Van Zandt's compensation includes $487,000 for housing and personal services (such as utilities and property upkeep). This amount is included in Schedule J-1 Part I Column D. Campus housing was provided to James Murtha as a condition of employment for the convenience of the university through May, 2011. Mr. Murtha's compensation includes $41,733 for housing and personal services (such as utilities and property upkeep). This amount is included in Schedule J-1 Part I Column D. Per contractual agreement, the following individuals received a housing allowance: Ben Lee $ 85,000 Timothy Marshall $103,677 William Moorish $ 25,000 David Scobey $ 35,000 J. Robert Kerrey $215,385 Joel Towers $ 25,000 First class travel is sometimes authorized by the President where circumstances (i.e. destination) make this accommodation appropriate. Travel expenses for the President are reviewed by the CFO. The President reviews Deans and Officers travel expenses. Part I, Lines 4a-b Contributions to the supplemental nonqualified retirement plan had been provided to the following: J. Robert Kerrey $ 5,400 Mary Sanger $ 4,494 Bob Gay $ 3,219 Pamela Besnard $ 2,154 David Van Zandt $140,500 David Scobey $ 5,229 Carol Cantrell $ 2,367 Tim Marshall $ 15,280 Nancy Martin $ 1,846 Roy Moskowitz $ 1,436 Shelley Reed $ 4,294 Linda Reimer $ 1,980 Doris Suarez $ 1,708 Joel Towers $ 4,204 Frank Barletta $ 625 Lia Gartner $ 353 Craig Becker $ 103 James Murtha's position as EVP ended in May 2011 after which he was the Special Advisor to the President through his termination date August 2011. Mr. Murtha received a severance payment per contractual agreement in the amount of $984,000 in the calendar year ended 2011. SCHEDULE J-PART III - ADDITIONAL INFORMATION The following changes occurred during this reporting period: Greggory Spence - Former Vice President & General Counsel, subsequently Professor, Termination Date 8/30/2011 Joel Lester - Former Dean, subsequently Professor, Termination Date 6/30/2011 J. Robert Kerrey - Former President, subsequently President Emeritus as of January, 2011 James Murtha - Former EVP, subsequently Special Advisor to President, Termination Date 8/14/2011 Ben Lee - Former Vice President, subsequently Professor as of April, 2011 Robert Lupone - Termination Date 12/18/211 Doris Suarez - Termination Date 1/31/2012 Neil Gordon - Was on an unpaid leave of absence from July 1, 2011 through end of year Supplemental Information Part III Part III - Additional Information The following changes occurred during this reporting period: - Greggory Spence - Former Vice President & General Counsel, subsequently Professor, Termination Date 8/30/2011 - Joel Lester - Former Dean, subsequently Professor, Termination Date 6/30/2011 - J. Robert Kerrey - Former President, subsequently President Emeritus as of January, 2011 - James Murtha - Former EVP, subsequently Special Advisor to President, Termination Date 8/14/2011 - Ben Lee - Former Vice President, subsequently Professor as of April, 2011 - Robert Lupone - Termination Date 12/18/211 - Doris Suarez - Termination Date 1/31/2012 Dormitory Authority of the State of New York 146000293 64983QFY0 2005-06-16 22710746 Refunds Series 1994a Dated: 09/13/1994 0 0 0 Dormitory Authority of the State of New York 146000293 64983Q6U8 2006-11-21 72763601 Acquisition of 300 West 20th Street 0 0 0 Dormitory Authority of the State of New York 146000293 6499055W2 2010-12-08 295923149 University Center Construction 0 0 0 Dormitory Authority of the State of New York 146000293 649906LJI 2011-10-20 37140274 Curr refunding previous issues 0 0 0 5495000 21870000 21837102 600644 273000 2005 1 1 1 1 3360000 77043601 772865 1134000 70856735 2009 0 0 1 1 301055000 42299370 5628715 1240074 141479117 105275812 2013 0 0 0 1 35480000 36179900 664824 2011 1 0 1 1 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 X Schedule K Supplental Information For Bond A issued 6/16/2005, the difference between the amounts of Part I, Line A (E) and Part II, Line 3 (a) is the net original issue premium. For Bond B issued 11/21/2006, the difference between the amounts of Part I, Line B (E) and Part II, Line 3 (b) is the net original issue premium. For Bond C issued 12/08/2010, the difference between the amounts of Part I, Line C (E) and Part II, Line 3 (c) is the net original issue discount. For Bond D issued 10/20/2011, the difference between the amounts of Part I, Line D (E) and Part II, Line 3 (d) is the net original issue discount. Tim Marshall Housing X 150000 150000 0 1 1 150000 Tishman Construction - John L Tishman Entity owned by Family Member of John Tishman, a trustee of the university 913395 Construction management 0 Durst Corporation (TNS Developer LLC) - Douglas D Durst Entity owned by Douglas D. Durst, a trustee of the university 1318518 Building representation/developer 0 RELATED PARTY TRANSACTIONS Members of the university's Board of Trustees and senior management may, from time to time, be associated, either directly or indirectly, with companies doing business with the university. The university's conflict of interest policy requires, among other things, that no member of the board of trustees or its committees can participate in any decision in which he or she (or an immediate family member) has a material financial interest. For members of the Board of Trustees and senior management, the university requires an annual disclosure of significant financial interests in, or employment or consulting relationships with, entities doing business with the university. When such relationships exist, measures are taken to address the actual or perceived conflict to protect the best interests of the university and ensure compliance with relevant conflict of interest laws.During fiscal 2010, the Board of Trustees approved the engagement of two service firms, associated with trustees, in connection with the construction of a new University Center. Consistent with the policy discussed above, the decision to engage each of the firms was based on a review and discussion without participation of the interested trustees, with the assistance or real estate consultants and outside counsel, and a determination that such engagement was in the best interest and provided substantial benefit to the university. Total amounts paid to the two firms during fiscal years 2011 and 2010 were $2.4 and 4.1 million respectively.During fiscal 2011, the university engaged an investment banking firm associated with a trustee to assist with the issuance of tax exempt debt. The firm was selected on the basis of a competitive bidding process. Its selection was deemed at arms length and in the best interest of the university. Total amount paid to this firm was $731,000 in fiscal 2011. X 1 0 X 16 748134 Fair Market Value 0 0 1 1 Third Party Use: Part I, Line 32b: JPMorgan Chase is the custodian of all stock contributions and facilitates the dispositions of such investments. Non Reporting of Revenue: Part I, Line 33: The university elected, as permitted under SFAS 116, not to report in its revenue statement and balance sheet works of art/ historical treasures. Please see Schedule D, Part III, Line 1a And Part XIV, Supplemental Information. Organization's Mission: FORM 990, PART I, LINE 1: To educate those who want to: pursue learning in a free and creative environment for their self-improvement; advance their professions; and, improve the city and world in which they live. Organization's Mission: FORM 990, PART III, LINE 1: The New School was born out of a commitment to academic freedom, tolerance, and experimentation. Our future will be shaped by the qualities that have defined our past: * Creativity, innovation, and challenging the status quo, both in terms of what and how we teach, and in the intellectual ambitions of the School itself; * Social engagement, orienting students' academic experience to help them become critically engaged citizens devoted to solving problems and contributing to the public good. Now as then, The New School must embrace these principles and innovate to address shifts in the global economy, society, and environment. These shifts require that individuals grapple with complex problems, lead more fluid and flexible careers, and collaboratively create change. Mission Statement We will prepare our students to understand, contribute to, and succeed in a rapidly changing society, and thus make the world a better and more just place. We will ensure that our students have not only the abilities that a sound liberal arts education provides, but also the creative competencies essential for success and leadership in the emerging creative society and economy. We will also lead in generating practical and theoretical knowledge that seeks to understand our world and improve both global and local society and the people who live within. Vision We are and will be a university where design and social research drive approaches to studying the issues of our time, such as democracy, urbanization, technology, economic empowerment, sustainability, migration, and globalization. We will be the intellectual and creative center for effective engagement in a world that increasingly demands better-designed objects, communication, systems, and organizations to meet social and human needs. Our vision corresponds with shifts in the global economy, society, and environment, which animate our mission. Educational Approach We will fulfill our mission by extending The New School's legacy as a non-traditional academic community, nimble and responsive to change, that will: * Focus on and engage contemporary critical issues. * Prioritize the importance of humanity and culture in designing better systems and environments to improve the human condition, an approach that draws from design thinking and the liberal, creative, and performing arts. * Place project-based learning at the center of the learning experience. * Take full advantage of our New York City locus and connectivity to global urban centers. Form 990, Part VI, Section A, line 2 During the year ended June 30, 2012: - George Walker and Nancy Walker had a family relationship - Robert Mundheim and Linda Rappaport had a business relationship Form 990, Part VI, Section B, line 11 990 Review Process: The Audit and Risk Committee of the Board of Trustees has been delegated responsibility for reviewing the annual 990 form. Following the Audit and Risk Committee review, the 990 is distributed to the full Board of Trustees prior to its submission. Form 990, Part VI, Section B, line 12c Conflict of Interest Process: Members of the university's Board of Trustees and senior management may, from time to time, be associated, either directly or indirectly, with companies doing business with the university. The university's conflict of interest policy requires, among other things, that no member of the Board of Trustees or its committees can participate in any decisions in which he or she (or an immediate family member) has a material financial interest. For members of the Board of Trustees and senior management, the university requires an annual disclosure of significant financial interest in, or employment of consulting relationships with, entities doing business with the university. When such relationships exist, measures are taken to address the actual or perceived conflict to protect the best interest of the university and ensure compliance with relevant conflict of interest laws. Form 990, Part VI, Section B, line 15 Compensation Review Process: The Administrative Affairs Committee of the Board of Trustees reviews the compensation of the president, provost, vice presidents, other senior management and key employees. The Administrative Affairs Committee reviews compensation for all employees earning $100,000 or greater on an annual basis. A memorandum from the president outlining his recommendations for merit, retention or promotion increases is provided to the committee with comparability statistics as appropriate. The Administrative Affairs Committee approves or adjusts the president's recommendations. In executive session, the Administrative Affairs Committee determines the president's salary using available market information. During the year, the committee is advised and approves hiring arrangements associated with recruiting individuals earning over $125,000; the committee also approves promotions of highly compensated individuals earning over $125,000. A compensation consultant regularly reviews the total compensation for top executives including; the president, provost, vice presidents and deans and directors. A review of the highest paid professors is included in this analysis. Periodically, the university's executive compensation process is reviewed by the Audit and Risk Committee of the Board of Trustees. COMPENSATION REVIEW PROCESS OFFICERS AND KEY EMPLOYEES: As noted above, the Administrative Affairs Committee of the Board of Trustees reviews compensation for all employees earning $100,000 or greater on an annual basis. A memorandum from the president outlining his recommendations for merit, retention or promotion increases is provided to the committee with comparability statistics as appropriate. Form 990, Part VI, Section C, line 19 Public Inspection: The university makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Also, the federal Form 990, which includes financial and other disclosures, is available on Guidestar. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized losses on investments: -13,026,126. Change in Value of Split Interest 43,863. Change in Postretirement Benefits 16,289. Total to Form 990, Part XI, Line 5: -12,965,974. Freunde Und Forderer Von the New School c/o HH LLP 1 Potsdamer Platz 1 Berlin Germany GM FACILITATE CONTRIBUTIONS GM The New School 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Freunde Und Forderer Von the New School C 4526 Cash