Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $1,187,950

• 1e · Government grants (contributions)

  $12,241,464

• 1f · All other contributions, gifts and grants

  $22,022,478

• 1g · Noncash contributions included above

  $3,767,750

• 2a · Program service revenue: TUITION & FEES

  total $502,397,159 · related or exempt $502,397,159

• 2b · Program service revenue: AUX ENTERPRISE REV

  total $43,078,300 · related or exempt $43,078,300

• 2c · Program service revenue: COMMERCIAL CONTRACTS

  total $6,127,155 · related or exempt $6,127,155

• 2d · Program service revenue: SVC OF EDUCATIONAL DEPT

  total $224,745 · related or exempt $224,745

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $6,997,441 · unrelated business -$1,270,580 · excluded $8,268,021

• 4 · Income from investment of tax-exempt bond proceeds

  total $1,018,098 · excluded $1,018,098

• 5 · Royalties

  total $128 · excluded $128

• 6a · Gross rents

  real property $10,947,334

• 6b · Less rental expenses

  real property $6,427,052

• 6c · Rental income or loss

  real property $4,520,282 · personal property $0

• 6d · Net rental income or loss

  total $4,520,282 · unrelated business $36 · excluded $4,520,246

• 7a · Gross sales of assets other than inventory

  securities $80,443,615

• 7b · Less cost or other basis and sales expenses

  securities $79,334,620

• 7c · Gain or loss

  securities $1,108,995 · other assets $0

• 7d · Net gain or loss

  total $1,108,995 · excluded $1,108,995

• 8a · Fundraising events: gross income

  $107,200

• 8a · Fundraising events: contributions included on line 1c

  $1,187,950

• 8b · Fundraising events: direct expenses

  $999,328

• 8c · Net income from fundraising events

  total -$892,128 · excluded -$892,128

• 11a · Other revenue: INDIRECT COST RECOVERY

  total $2,227,562 · related or exempt $2,227,562

• 11d · All other revenue

  total $641,733 · related or exempt $641,733 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $2,869,295

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $159,235,643 · program services $159,235,643

• 5 · Compensation of officers, directors and key employees

  total $6,936,953 · program services $1,890,425 · management and general $4,543,360 · fundraising $503,168

• 6 · Compensation of disqualified persons

  total $1,315,756 · program services $873,504 · management and general $442,252

• 7 · Other salaries and wages

  total $195,272,634 · program services $169,270,368 · management and general $23,662,507 · fundraising $2,339,759

• 8 · Pension plan contributions

  total $15,974,049 · program services $13,846,964 · management and general $1,935,684 · fundraising $191,401

• 9 · Other employee benefits

  total $38,513,059 · program services $33,384,707 · management and general $4,666,888 · fundraising $461,464

• 10 · Payroll taxes

  total $13,848,926 · program services $12,004,820 · management and general $1,678,168 · fundraising $165,938

• 11b · Fees: legal

  total $2,025,888 · program services $587,027 · management and general $1,438,861

• 11c · Fees: accounting

  total $270,455 · management and general $270,455

• 11d · Fees: lobbying

  total $2,094 · management and general $2,094

• 11f · Fees: investment management

  total $4,656,179 · management and general $4,656,179

• 11g · Fees: other

  total $22,000,575 · program services $16,118,134 · management and general $5,841,563 · fundraising $40,878

• 12 · Advertising and promotion

  total $4,678,494 · program services $1,731,965 · management and general $2,926,006 · fundraising $20,523

• 13 · Office expenses

  total $11,228,559 · program services $9,927,067 · management and general $1,262,993 · fundraising $38,499

• 14 · Information technology

  total $8,095,945 · program services $3,599,833 · management and general $4,438,805 · fundraising $57,307

• 15 · Royalties

  total $1,236,505 · program services $595,480 · management and general $632,658 · fundraising $8,367

• 16 · Occupancy

  total $44,161,608 · program services $41,188,276 · management and general $2,873,332 · fundraising $100,000

• 17 · Travel

  total $3,534,396 · program services $3,297,736 · management and general $201,424 · fundraising $35,236

• 19 · Conferences, conventions and meetings

  total $2,316,430 · program services $2,050,610 · management and general $164,469 · fundraising $101,351

• 20 · Interest

  total $23,581,460 · program services $19,559,597 · management and general $4,021,863

• 22 · Depreciation, depletion and amortization

  total $26,857,239 · program services $23,537,732 · management and general $3,319,507

• 23 · Insurance

  total $3,508,401 · management and general $3,508,401

• 24a · Other expenses: BAD DEBT EXPENSE

  total $3,899,909 · management and general $3,899,909

• 24b · Other expenses: CONTRACT SERVICE FEE

  total $8,561,339 · program services $8,561,339

• 24c · Other expenses: LIBRARY

  total $2,630,704 · program services $2,600,018 · management and general $30,686

• 24d · Other expenses: Dining Services

  total $3,898,275 · program services $3,898,275

• 24e · All other expenses

  total $5,590,975 · program services $2,335,013 · management and general $3,255,692 · fundraising $270

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $7,229,191 · end of year $1,747,150

• 2 · Savings and temporary cash investments

  beginning of year $250,965 · end of year $430,853

• 3 · Pledges and grants receivable

  beginning of year $27,796,800 · end of year $20,946,639

• 4 · Accounts receivable

  beginning of year $21,493,459 · end of year $28,127,151

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $144,589 · end of year $282,298

• 9 · Prepaid expenses and deferred charges

  beginning of year $11,412,125 · end of year $11,429,302

• 10a · Land, buildings and equipment: cost or other basis

  $1,112,103,080

• 10b · Land, buildings and equipment: accumulated depreciation

  $309,845,410

• 10c · Land, buildings and equipment, net

  beginning of year $808,018,848 · end of year $802,257,670

• 11 · Investments: publicly traded securities

  beginning of year $157,334,872 · end of year $161,310,985

• 12 · Investments: other securities

  beginning of year $286,972,659 · end of year $303,553,661

• 13 · Investments: program-related

  beginning of year $1,793,204 · end of year $1,459,540

• 15 · Other assets

  beginning of year $389,920,210 · end of year $375,008,020

• 17 · Accounts payable and accrued expenses

  beginning of year $71,026,973 · end of year $54,211,872

• 19 · Deferred revenue

  beginning of year $11,406,356 · end of year $10,923,573

• 20 · Tax-exempt bond liabilities

  beginning of year $698,341,868 · end of year $687,418,234

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $0 · end of year $10,002,500

• 25 · Other liabilities

  beginning of year $371,563,545 · end of year $353,807,127

• 27 · Net assets without donor restrictions

  beginning of year $314,923,613 · end of year $341,340,914

• 28 · Net assets with donor restrictions

  beginning of year $245,104,567 · end of year $248,849,049

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Housing allowance or residence for personal use

Campus housing was provided to the University President as a condition of employment for the convenience of the university, e.g. hosting faculty, staff, trustee, and fundraising events. President McBride's compensation includes $367,103 for housing and personal services (such as utilities and property upkeep). This amount is included in Part II, Column D as a nontaxable benefit. Per contractual agreement, the following individuals received a taxable housing allowance as reported on Part II, Column b(iii): - Joel Towers $30,000 - Renee White $100,000 - Stephanie Browner $13,462 - Benjamin Lee $85,000 - Ann Stoler $60,000

Schedule J, Part I, Line 1a Personal services

The President received personal services provided at the residence (such as utilities and property upkeep). This amount is included in Part II, Column D as a nontaxable benefit.

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

The following employees listed on the Form 990, Part VII-A and Schedule J, Part II participated in a supplemental non-qualified retirement plan 457 (f) and received deferred compensation/contributions to the supplemental non-qualified retirement plan: - Dwight McBride $347,875 The following employees received 457(f) payouts as reported on Form 990, Part VII-A and Schedule J, Part II, Columns (B)(iii) and (F): - Annette Adriance $12,084 - Mary Watson $2,610 - Richard Kessler $5,893 - William Milberg $706

Schedule J, Part I, Line 7 Non-fixed payments

Non-fixed performance bonus payments were provided to the following individuals as reported on Form 990, Part VII-A and Schedule J, Part II, Column(B)(ii): - Deborah Gibb $42,500 - Lin Zhou $27,500 - Helen Wussow $3,000 - Annette Adriance $2,500 - Jennifer Hobbs $2,500 - Jerry Cutler $2,500 - Joel Towers $2,500 - Olatokumbo Shobowale $2,500 - Renee White $2,500 - Jonah Nigh $2,500 - Jennifer Wilson $2,500 - Mary Watson $2,500 - Melanie Hart $2,500 - Rachel Schreiber $2,500 - Richard Kessler $2,500 - William Milberg $2,500 - Darrick Hamilton $2,500 - Stephanie Browner $2,500 - Benjamin Lee $2,500 - Ann Stoler $2,500 - Mary B. Sanger $2,500 - Michael Schober $2,500

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• Charitable remainder trusts (4)

  Trust · Charitable remainder trust · NY · controlled entity

  Directly controlled by The New School