2011-05-12T18:25:02-04:00 2010-06-30 PricewaterhouseCoopers LLP 300 Madison Avenue New York NY 10017 990 2009-07-01 200247649 YESHIVA UNIVERSITY HIGH SCHOOLS YESH 2129605470 2540 AMSTERDAM AVENUE NEW YORK NY 10033 J MICHAEL GOWER 2011-05-16 6464713000 2009 2016-02-24 21:20:13Z J MICHAEL GOWER 2540 AMSTERDAM AVENUE NEW YORK NY 10033 22661180 false X YUHSB.ORG and YUHSG.ORG X 2003 NY THE PRIMARY MISSION OF THE YESHIVA UNIVERSITY HIGH SCHOOLS IS TO TEACH AND PERPETUATE THE VALUES OF TORAH AND SECULAR STUDIES. 17 17 155 17 0 1186870 807532 10900567 11372484 -178921 750504 -112495 -113669 11796021 12816851 3082006 3074976 0 0 8481139 8428026 0 0 206553 5963527 6553394 17526672 18056396 -5730651 -5239545 17584371 17242173 53384933 1700128 -35800562 15542045 THE YESHIVA UNIVERSITY HIGH SCHOOLS HAS AS ITS EDUCATIONAL MISSION TO TEACH AND PERPETUATE THE VALUES OF TORAH AND SECULAR STUDIES. WE ARE THUS DEDICATED TO PREPARING OUR STUDENTS FOR ADULTHOOD BOTH AS KNOWLEDGEABLE AND COMMITTED JEWS AND AS BROADLY EDUCATED, INTELLECTUALLY CURIOUS, AND CARING MEMBERS OF THE GENERAL SOCIETY. THE HIGH SCHOOLS PROVIDES A CHALLENGING ACADEMIC PROGRAM IN AN ATMOSPHERE THAT ENCOURAGES ADHERENCE TO THE TRADITIONAL IDEALS AND PRACTICES OF JUDAISM. IT IS DESIGNED TO MOTIVATE TORAH LIVING-STRIVING, TORAH LEARNING, PERSONAL INTEGRITY AND ETHICAL BEHAVIOR BASIC TO JEWISH LIFE AND PARTICIPATION IN CONTEMPORARY SOCIETY. GENUINE CONCERN FOR THE WELFARE OF OTHERS, OBSERVANCE OF THE MITZVOT, LOVE OF THE JEWISH PEOPLE, AND PRIDE IN OUR JEWISH HERITAGE AND VALUES SHOULD CHARACTERIZE THE INTELLECTUAL GOALS AND THE DAILY BEHAVIOR OF OUR STUDENTS. WE EXPECT EACH STUDENT TO IDENTIFY WHOLEHEARTEDLY WITH THE DESTINY OF OUR FELLOW JEWS THROUGHOUT THE WORLD, TO EXHIBIT LOYALTY false false 16383473 3074976 11372484 YESHIVA UNIVERSITY HIGH SCHOOLS ("THE HIGH SCHOOLS") IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTIONS 501(C)(3) OF THE INTERNAL REVENUE CODE. THE HIGH SCHOOLS, WHICH CONSISTS OF MARSHA STERN TALMUDICAL ACADEMY YESHIVA HIGH SCHOOL FOR BOYS AND SAMUEL H. WANG YESHIVA HIGH SCHOOL FOR GIRLS, MAINTAINS SEPARATE SECONDARY SCHOOL PROGRAMS FOR BOYS AND GIRLS. INSTRUCTION IS PROVIDED TO APPROXIMATELY 525 HIGH SCHOOL STUDENTS. THE HIGH SCHOOLS OFFER COLLEGE PREPATORY PROGRAMS AND COMPREHENSIVE JEWISH STUDIES PROGRAMS LEADING TO A NEW YORK STATE REGENTS DIPLOMA. THE SCHOOLS ARE ACCREDITED BY BOTH THE NEW YORK STATE BOARD OF REGENTS AND THE MIDDLE STATES COMMISSION ON SECONDARY EDUCATION. 16383473 true true false false false false false false true true true false true false true false false false true false false false true true false false false true true false false false false false false false false false false false false true 22 0 true 155 true false false false false false true true false false false 17 17 true false false false false false false true true false false true true true true true true true true false X J MICHAEL GOWER 2129605470 YESHIVA UNIVERSITY 500 WEST 185TH S NY NY 10033 RICHARD M JOEL 1.0 X X 0 0 0 DR HILLEL DAVIS 1.0 X X 0 0 0 MIRIAM P GOLDBERG 1.0 X 0 0 0 JUDITH HECHT BERMAN 1.0 X 0 0 0 DR FELIX L GLAUBACH 1.0 X 0 0 0 ALAN E GOLDBERG 1.0 X 0 0 0 ALISSA HORN 1.0 X 0 0 0 MICHAEL JESSELSON 1.0 X 0 0 0 RABBI E SAMUEL KLIBANOFF 1.0 X 0 0 0 DR RAMA KOSLOWE 1.0 X 0 0 0 DR HENRY KRESSEL 1.0 X 0 0 0 ELIOT LAUER 1.0 X 0 0 0 NANCY NEFF 1.0 X 0 0 0 DAVID B SCHWARTZ 1.0 X 0 0 0 MONICA SHAPIRO 1.0 X 0 0 0 LOUIS TUCHMAN 1.0 X 0 0 0 HENRY WRUBEL 1.0 X 0 0 0 J MICHAEL GOWER 1.0 X 0 0 0 ANDREW LAUER 1.0 X 0 0 0 RABBI MARK GOTTLIEB 35.0 X 187557 0 80457 ROCHELLE BRAND 35.0 X 193164 0 40063 JOEL SKLAR 35.0 X 154025 0 11715 RABBI STEVEN RICHTER 35.0 X 97906 0 104216 RABBI GARY BEITLER 35.0 X 113830 0 73736 RABBI DR MICHAEL HECHT 35.0 X 74418 0 65090 RABBI SHIMON SCHENKER 35.0 X 80496 0 51699 MINDY SCHACHTMAN 35.0 X 103543 0 18676 1004939 0 445652 12 false true true 0 318364 227901 261267 807532 STUDENT TUITION & FEES 900099 10983644 10983644 STUDENT DORM/FOOD 900099 278840 278840 PTACH PROGRAM FOR CHILDREN WITH DISABILITIES 900099 110000 110000 11372484 99272 99272 0 0 10365802 9714571 651231 651232 651232 16089 318364 129758 -113669 -113669 0 0 0 12816851 11372484 0 636835 0 3074976 3074976 0 0 666981 666981 0 6173952 6050705 123247 312846 306545 6301 805569 789403 16166 468678 459322 9356 0 2995 2995 21347 21347 0 0 0 27275 25775 1500 34608 34608 378107 335510 128 42469 78312 78312 0 201289 200234 1055 1344037 1339297 4740 0 1420 1420 0 0 130564 130564 26629 16374 10255 ALLOCATED EXPENSES 1912821 1351142 561679 SECURITY 838523 195994 641882 647 TUITION WRITEOFF/BAD DEBT 1066299 1066299 HOUSEKEEPING 213770 213770 STUDENT ACTIVITY 170948 170948 104450 66241 37137 1072 18056396 16383473 1466370 206553 2482 15519 1757075 634527 222418 299076 243170 231214 5722799 2404332 3379016 3318467 6209328 5555592 5770882 7187778 17584371 17242173 1769493 1700128 51615440 0 53384933 1700128 X -49389105 2298372 4841083 4384011 8747460 8859662 -35800562 15542045 17584371 17242173 X false true true X false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11597554 502800 924408 416816 293496 12314450 15407036 503650 -3081147 412215 819770 11597554 0.09600 0.90400 true false 435000 435000 4495881 1787760 2708121 791918 616572 175346 3318467 ALTERNATIVE INVESTMENTS 7187778 F 7187778 0 0 12816851 18056396 -5239545 271242 56310911 56582153 51342608 66453786 271242 56440669 56711911 9741875 3074976 3074976 12816851 15111178 129758 129758 14981420 3074976 3074976 18056396 INTENDED USE OF ENDOWMENT FUNDS FORM 990, SCHEDULE D, PART V, LINE 4 THE HIGH SCHOOLS' ENDOWMENT FUNDS ARE INTENDED FOR STUDENT SCHOLARSHIPS AND PRIZES, AND FOR INSTRUCTION AND TRAINING. RECONCILIATION TO AUDITED FINANCIAL STATEMENTS FORM 990, SCHEDULE D, PART XI, XII, AND XIII SCHEDULE D, PART XI: LINE 8 - FORGIVENESS OF DEBT INCOME: $56,284,589; CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS: $(26,322) SCHEDULE D, PART XII, LINE 2D FORGIVENESS OF DEBT INCOME: $56,284,589; CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS: $(26,322) SCHEDULE D, PART XIII, RECLASS OF SCHOLARSHIPS: $3,074,976 SPECIAL EVENT EXPENSE: $ (129,758) FORGIVENESS OF DEBT INCOME - YESHIVA UNIVERSITY ACTS AS AGENT FOR THE HIGH SCHOOLS, PROVIDING ACCOUNTING, TREASURY, HUMAN RESOURCES, PROCUREMENT, LEGAL AND OTEHR ADMINISTRATIVE SERVICES AT COST. IN ADDITION, THE UNIVERSITY HAS SUBSIDIZED THE HIGH SCHOOLS' CASH DEFICITS. THE FINANCE COMMITTEE OF YESHIVA UNIVERSITY'S BOARD OF TRUSTEES APPROVED THE FORGIVING OF THE ACCUMULATED DEBT FROM THE HIGH SCHOOLS AS IT DID NOT EXPECT TO COLLECT THESE DEBTS. FIN 48 EFFECTIVE JULY 1, 2007, THE HIGH SCHOOLS ADOPTED THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, AN INTERPRETATION OF FASB STATEMENT NO. 109 (FIN 48). FIN 48 CLARIFIED THE ACCOUNTING FOR UNCERTAIN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FIN 48 ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE, AND TRANSITION. THERE WAS NO MATERIAL IMPACT TO THE HIGH SCHOOL'S FINANCIAL STATEMENTS AS A RESULT OF THE ADOPTION OF FIN 48 IN THE YEAR OF ADOPTION OR IN THIS REPORTING YEAR. THEREFORE, NO FIN 48 FOOTNOTE WAS INCLUDED IN THE FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED JUNE 30, 2010. INVESTMENTS SCHEDULE D, PART VII THE HIGH SCHOOLS' ALTERNATIVE INVESTMENTS AND PUBLICLY TRADED SECURITIES REPRESENT OWNERSHIP INTERESTS IN THE YESHIVA UNIVERSITY CONSOLIDATED INVESTMENT POOL. true true true ALL RECRUITMENT ADVERTISEMENTS CONTAIN OUR NON DISCRIMINATORY POLICY. true true true true false false false false false false false false true false YESHIVA UNIVERSITY HIGH SCHOOLS RECEIVES FUNDS FROM THE NEW YORK STATE EDUCATION DEPARTMENT TO PROVIDE FINANCIAL AID ASSISTANCE TO QUALIFYING STUDENTS AT THE MARSHA STERN TALMUDICAL ACADEMY YESHIVA HIGH SCHOOL FOR BOYS AND THE SAMUEL H. WANG YESHIVA HIGH SCHOOL FOR GIRLS, IN THE AMOUNT OF $92,750 AND $135,151, RESPECTIVELY. true Middle East and North Africa 0 0 Program Services EDUCATION 62321 0 0 62321 DETAILS OF ACTIVITIES OUTSIDE THE U.S. FORM 990, SCHEDULE F, PART I, LINE 3 israel exchange program: outstanding 10th graders from the Yeshiva University High School for Boys/Marsha Stern Talmudical Academy (YUHSB) and from the Samuel H. Wang Yeshiva University High School for Girls (YUHSG) participate in a six-week student exchange program with Israeli high schools. the program aims to immerse the American students in Israeli culture and help them connect with their Israeli counterparts. By sending our students to Israel and bringing the Israeli students to our schools, we are opening the eyes of every student involved in the program to the reality of the global Jewish community. As our future Jewish leaders, it is vital that they understand and are accepting of other cultures. IN ADDITION, STUDENTS OF YUHSB VISITED POLAND FOR ONE-WEEK EDUCATIONAL PROGRAM. THE STUDENTS VISITED MUSEUMS, SHULS, CEMETERIES AND OTHER HISTORICAL SITES, AS WELL AS INTERACTED WITH MEMBERS OF THE WARSAW AND KRAKOW JEWISH COMMUNITIES AND STUDENTS IN LOCAL YESHIVAS AND SCHOOLS. Dinner 334453 318364 16089 0 1016 25020 76155 600 26967 NONE 0 334453 318364 16089 0 1016 25020 76155 600 26967 129758 -113669 true STUDENT SCHOLARSHIPS 350 3074976 SUPPLEMENTAL INFORMATION FORM 990, SCHEDULE I, PART I & III THE HIGH SCHOOLS OFFERS ASSISTANCE TO ITS STUDENTS THROUGH MERIT BASED SCHOLARSHIPS AND NEED BASED FINANCIAL AID. MERIT BASED SCHOLARSHIPS ARE AWARDED BASED ON THE DECISIONS OF A COMMITTEE COMPRISED OF FACULTY AND EDUCATION LEADERSHIP BASED ON A VARIETY OF CHARACTER BASED ACADEMIC CRITERIA. NEED BASED FINANCIAL AID IS AWARDED BY THE OFFICE OF STUDENT FINANCE BASED BOTH ON THE RECOMMENDATION OF THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS AND THE HIGH SCHOOLS' OWN INDEPENDENT ASSESSMENT OF A FAMILY'S ABILITY TO PAY. X X X X X false false false false false false false false false RABBI MARK GOTTLIEB 187437 0 0 0 120 0 0 0 80457 0 268014 0 0 0 ROCHELLE BRAND 192161 0 0 0 1003 0 14365 0 25698 0 233227 0 0 0 JOEL SKLAR 153233 0 0 0 792 0 10772 0 943 0 165740 0 0 0 RABBI STEVEN RICHTER 97364 0 0 0 542 0 11190 0 93026 0 202122 0 0 0 RABBI GARY BEITLER 109205 0 4516 0 109 0 11272 0 62464 0 187566 0 0 0 FORM 990, SCHEDULE J, PART II - DETAILS OF COMPENSATION Rabbi Mark Gottlieb - Column D includes the following non-taxable benefits; medical benefits, and the use of an employer provided cellular phone. In addition, In addition, a portion of Rabbi Gottlieb's salary is designated as non-taxable parsonage and is included in Column (D). Rochelle Brand - Column C includes employer contributions to a Section 403(b) retirement plan. Column D includes the following non-taxable benefits; medical benefits, and the use of an employer provided cellular phone. Joel Sklar - Column C includes employer contributions to a Section 403(b) retirement plan. Column D includes the following non-taxable benefits; medical benefits and the use of an employer provided cellular phone. Rabbi Steven Richter - Column C includes employer contributions to a Section 403(b) retirement plan. Column D includes non-taxable tuition benefits and the portion of Rabbi Richter's salary that is designated as non-taxable parsonage. Rabbi Gary Beitler - Column C includes employer contributions to a Section 403(b) retirement plan. Column D includes the following non-taxable benefits; medical benefits and the portion of Rabbi Beitler's salary that is designated as non-taxable parsonage. A portion of Rabbi Beitler's total compensation is earned from services performed for Yeshiva University, an affiliate of the High Schools. Rabbi Michael Hecht - Column C includes employer contributions to a Section 403(b) retirement plan. Column D includes the following non-taxable benefits; medical benefits and the portion of Rabbi Hecht's salary that is designated as non-taxable parsonage. A portion of Rabbi Hecht's total compensation is earned from services performed for Yeshiva University, an affiliate of the High Schools. For the remaining highest paid employees, Column C includes employer contributions to a Section 403(b) retirement plan and Column D includes non-taxable medical and parsonage benefits. A portion of Mindy Schachtman's total compensation is earned from services performed for Yeshiva University, an affiliate of the High Schools. COMPENSATION FROM UNRELATED ORGANIZATION FORM 990, PART VII, LINE 5 AND SCHEDULE J THE HIGH SCHOOLS' PRESIDENT, VICE PRESIDENT, VP FOR BUSINESS AFFAIRS, AND, THE VP FOR LEGAL AFFAIRS ARE ALSO OFFICERS OF YESHIVA UNIVERSITY, AN AFFILIATED BUT UNRELATED ORGANIZATION FOR FORM 990 REPORTING PURPOSES. THE UNIVERSITY PROVIDES CERTAIN FINANCIAL, ADMINISTRATIVE, LEGAL, FACILITIES AND HUMAN RESOURCE SERVICES TO THE HIGH SCHOOLS. THESE OFFICERS ARE PAID SOLELY BY YESHIVA UNIVERSITY THROUGH THE UNIVERSITY'S PAYROLL SYSTEM AND THEIR FULL COMPENSATION AND BENEFITS ARE REPORTED ON YESHIVA UNIVERSITY'S FORM 990. MARK GOTTLIEB RELOCATION X 275000 231214 false true true 231214 CHILD OF JUDITH BERMAN OFFICER TRUSTEE-FAMILY MEMBER MERIT SCHOLARSH CHILD OF JUDITH BERMAN FAMILY MEMBER OF TRUSTEE MERIT SCHOLARSHIP false BOARD REVIEW OF FORM 990 FORM 990, PART VI, SECTION A, LINE 11A A DRAFT OF THE YESHIVA UNIVERSITY HIGH SCHOOLS' FORM 990 WAS REVIEWED AND SIGNED BY AN INDEPENDENT ACCOUNTING FIRM BASED ON A DRAFT RETURN PREPARED BY THE HIGH SCHOOLS' FINANCE DEPARTMENT AND DIRECTOR OF TAX. THE DRAFT RETURN WAS REVIEWED BY THE HIGH SCHOOLS' CHIEF FINANCIAL OFFICER AND GENERAL COUNSEL. THE FINAL VERSION OF THE FORM 990 WAS MADE AVAILABLE TO THE BOARD OF TRUSTEES VIA A SECURE WEB SITE PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. THE FORM 990, AS FILED, IS MADE AVAILABLE TO THE PUBLIC IN ACCORDANCE WITH INTERNAL REVENUE SERVICE RULES AND REGULATIONS. CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, LINE 12C THE OFFICERS AND BOARD MEMBERS OF THE YESHIVA UNIVERSITY HIGH SCHOOLS ARE SUBJECT TO FOLLOWING CONFLICT OF INTEREST POLICY AND PROCEDURES: THE POLICY PROVIDES THAT ALL PERSONS COVERED BY THE CONFLICT OF INTEREST POLICY ARE TO ACT AT ALL TIMES IN A MANNER CONSISTENT WITH THEIR RESPONSIBILITIES TO THE HIGH SCHOOLS AND AVOID CIRCUMSTANCES IN WHICH THEIR FINANCIAL OR OTHER TIES TO OUTSIDE ENTITIES COULD PRESENT AN ACTUAL, POTENTIAL OR APPARENT CONFLICT OF INTEREST OR IMPAIR THE HIGH SCHOOLS' REPUTATION. OFFICERS AND MEMBERS OF THE BOARD ARE NOT TO ENGAGE IN BUSINESS WITH THE HIGH SCHOOLS. A CONFLICT WAIVER COMMITTEE EXISTS TO REVIEW AND APPROVE ANY EXCEPTIONS, IF SUCH EXCEPTIONS IS DETERMINED TO BE IN THE BEST INTEREST OF THE HIGH SCHOOLS. ANNUALLY, EACH OFFICER AND BOARD MEMBER OF THE HIGH SCHOOLS IS REQUIRED TO COMPLETE, SIGN AND SUBMIT TO THE VP FOR LEGAL AFFAIRS THE DESIGNATED FORM OF DISCLSOURE STATEMENT AND TO PROMPTLY NOTIFY THE VP OF LEGAL AFFAIRS OF ANY CHANGE IN THE INFORMATION REPORTED ON SUCH PERSON'S DISCLOSURE STATEMENT AND FURNISH ANY SUPPLEMENTAL INFORMATION REQUESTED BY THE VP FOR LEGAL AFFAIRS. IN ADDITION TO THE ANNUAL DISCLOSURE STATEMENT, THE VP FOR LEGAL AFFAIRS MAY, FROM TIME TO TIME, REQUEST CONFIRMATION FROM ANY OFFICER OF BOARD MEMBER THAT SUCH PERSON'S DISCLOSURE STATEMENT CURRENTLY ON FILE REMAINS ACCURATE. AN OFFICER OR BOARD MEMBER WHO BELIEVES A CURRENT, PENDING OR PROPOSED TRANSACTION OR BUSINESS ARRANGEMENT INVOLVING THE HIGH SCHOOLS WOULD CONSTITUTE A CONFLICT OF INTEREST OR THE APPEARANCE OF A CONFLICT OF INTEREST, IS REQUIRED TO PROMPTLY DISCLOSE TO THE VP OF LEGAL AFFAIRS AND TO THE CHAIR OF EACH BOARD AND COMMITTEE OF WHICH THE PERSON IS A MEMBER, THE EXISTENCE OF THE CONFLICT OR APPEARANCE OF CONFLICT AND OTHER MATERIAL INFORMATION THAT THE PERSON MAY HAVE REGARDING THE TRANSACTION OR ARRANGEMENT. NO OFFICER OR BOARD MEMBER MAY PARTICIPATE IN THE DISCUSSION OF, OR VOTE WITH RESPECT TO ANY TRANSACTION OR ARRANGEMENT WHICH CONSTITUTES A CONFLICT OF INTEREST WITH RESPECT TO SUCH PERSON EXCEPT THAT THE PERSON MAY MAKE A PRESENTATION REGARDING THE MATTER. AT EACH REGULAR MEETING OF THE HIGH SCHOOLS BOARD, THE CHAIR OF THE BOARD (OR A MEMBER OF THE CONFLICTS WAIVER COMMITTEE) WILL REPORT TO THE BOARD ANY TRANSACTIONS CONSIDERED BY THE CONFLICTS WAIVER COMMITTEE SINCE THE PRIOR REGULAR MEETING OF THE BOARD, AND ANY ACTIONS TAKEN WITH RESPECT TO SUCH TRANSACTION. COMPENSATION REVIEW FORM 990, PART VI, SECTION B, LINE 15A AND 15B THE COMPENSATION OF ALL EMPLOYEES EARNING IN EXCESS OF A SPECIFIED THRESHHOLD SALARY LEVEL, AS WELL AS ALL OF THE HIGH SCHOOLS' OFFICERS AND KEY EMPLOYEES, IS REVIEWED ANNUALLY BY YESHIVA UNIVERSITY'S COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. THE INDEPENDENT MEMBERS OF THE COMMITTEE CONDUCT A DETAILED REVIEW AND APPROVAL OF SUCH COMPENSATION UTILIZING COMPARABILITY DATA FROM THIRD PARTY SALARY SURVEYS, FORM 990 SALARY DISCLOSURES FROM OTHER ORGANIZATIONS, AND/OR COMPENSATION STUDIES PREPARED BY AN INDEPENDENT THIRD PARTY CONSULTING FIRM. CONTEMPORANEOUS DOCUMENTATION OF THE COMMITTEE'S DELIBERATION AND DECISIONS ARE MADE A PART OF THE COMMITTEE'S WRITTEN MINUTES. PUBLIC DISCLOSURE FORM 990, PART VI, SECTION C, LINE 19 THE HIGH SCHOOLS DOES NOT CURRENTLY MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. THE HIGH SCHOOLS DOES MAKE ITS FORM 990 AND 990-T AVAILABLE TO THE PUBLIC IN ACCORDANCE WITH INTERNAL REVENUE SERVICE RULES AND REGULATIONS. MATERIAL DIVERSION OF ASSETS FORM 990, PART VI, SECTION A, LINE 5 DURING THE TAX YEAR ENDED JUNE 30, 2010, THE HIGH SCHOOLS DID NOT BECOME AWARE OF A MATERIAL DIVERSION OF ASSETS. YESHIVA UNIVERSITY'S 2008 FORM 990, SCHEDULE L, PART I AND SCHEDULE O CONTAIN DISCLOSURES REGARDING DIVERSION OF ASSETS AND EXCESS BENEFIT TRANSACTIONS IN CONNECTION WITH CERTAIN INVESTMENTS IN THE UNIVERSITY'S CONSOLIDATED INVESTMENT POOLS INVOLVING FORMER UNIVERSITY TRUSTEE AND OFFICER BERNARD L. MADOFF AND FORMER UNIVERSITY TRUSTEE J. EZRA MERKIN. BOARD - OFFICER RELATIONSHIPS FORM 990, PART VI, LINE 2 ANDREW LAUER (OFFICER) AND HARVEY WRUBELL (TRUSTEE) HAVE A FAMILY RELATIONSHIP. MIRIAM GOLDBERG (TRUSTEE) AND ALAN GOLDBERG (TRUSTEE) HAVE A FAMILY RELATIONSHIP. VOLUNTEERS FORM 990, PART I, LINE 6 IN ADDITION TO THE BOARD MEMBERS WHO SERVE WITHOUT COMPENSATION, THE HIGH SCHOOLS UTILIZES MANY VOLUNTEERS IN THE CONDUCT OF ITS ACTIVITIES, HOWEVER, IT DOES NOT TRACK THE NUMBER OF THESE ADDTIONAL VOLUNTEERS. SCHEDULE L THE HIGH SCHOOLS INVESTMENTS CONSIST PRINCIPALLY OF OWNERSHIP INTERESTS IN YESHIVA UNIVERSITY'S CONSOLIDATED INVESTMENT POOLS. YESHIVA UNIVERSITY'S FORM 990, SCHEDULE L, PART IV DISCLOSES BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS IN CONNECTION WITH CERTAIN INVESTMENTS IN THE CONSOLIDATED INVESTMENT POOLS.