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Nonprofiteer
← THE NEW SCHOOL

Form 990 for tax year 2023

Filed by THE NEW SCHOOL.

Totals

Total revenue
$588,124,752
Total expenses
$639,435,391
Contributions and grants received
$44,480,582
Grants paid
$167,418,892
Program service revenue
$537,999,962
Investment income
-$1,732,268
Other revenue
$7,376,476
Total assets, end of year
$1,695,897,113
Total liabilities, end of year
$1,095,472,495
Net assets or fund balances, end of year
$600,424,618
Program services expenses (Part IX)
$552,942,847
Management and general expenses
$81,498,728
Fundraising expenses
$4,993,816
Program service expenses (Part III)
$552,942,847

Program services were 86.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $513,967

  • 1e · Government grants (contributions)

    $8,745,953

  • 1f · All other contributions, gifts and grants

    $35,220,662

  • 1g · Noncash contributions included above

    $1,116,303

  • 2a · Program service revenue: TUITION & FEES

    total $493,052,019 · related or exempt $493,052,019

  • 2b · Program service revenue: AUX ENTERPRISE REV

    total $41,609,307 · related or exempt $41,609,307

  • 2c · Program service revenue: COMMERCIAL CONTRACTS

    total $3,136,060 · related or exempt $3,136,060

  • 2d · Program service revenue: Digital Publications

    total $202,576 · related or exempt $202,576

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $6,553,538 · unrelated business -$738,934 · excluded $7,292,472

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

    total -$934,072 · excluded -$934,072

  • 6a · Gross rents

    real property $10,480,029

  • 6b · Less rental expenses

    real property $5,665,594

  • 6c · Rental income or loss

    real property $4,814,435 · personal property $0

  • 6d · Net rental income or loss

    total $4,814,435 · excluded $4,814,435

  • 7a · Gross sales of assets other than inventory

    securities $158,241,837

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

    securities $165,593,571

  • 7c · Gain or loss

    securities -$7,351,734 · other assets $0

  • 7d · Net gain or loss

    total -$7,351,734 · excluded -$7,351,734

  • 8a · Fundraising events: gross income

    $89,750

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

    $699,468

  • 8b · Fundraising events: direct expenses

    $859,315

  • 8c · Net income from fundraising events

    total -$769,565 · excluded -$769,565

  • 11a · Other revenue: INDIRECT COST RECOVERY

    total $2,375,421 · related or exempt $2,375,421

  • 11b · Other revenue: Box office and Journal Revenue

    total $240,711 · related or exempt $240,711

  • 11c · Other revenue: Pre College Summer Program

    total $145,380 · related or exempt $145,380

  • 11d · All other revenue

    total $570,094 · related or exempt $570,094 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $3,331,606

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $167,418,892 · program services $167,418,892

  • 5 · Compensation of officers, directors and key employees

    total $8,253,141 · program services $2,739,266 · management and general $5,008,430 · fundraising $505,445

  • 6 · Compensation of disqualified persons

    total $838,840 · program services $838,840

  • 7 · Other salaries and wages

    total $210,049,904 · program services $183,512,270 · management and general $23,986,171 · fundraising $2,551,463

  • 8 · Pension plan contributions

    total $16,277,485 · program services $14,247,464 · management and general $1,834,839 · fundraising $195,182

  • 9 · Other employee benefits

    total $39,409,683 · program services $34,494,652 · management and general $4,442,475 · fundraising $472,556

  • 10 · Payroll taxes

    total $15,319,083 · program services $13,408,543 · management and general $1,726,851 · fundraising $183,689

  • 11b · Fees: legal

    total $3,107,133 · program services $263,732 · management and general $2,843,401

  • 11c · Fees: accounting

    total $131,016 · management and general $131,016

  • 11d · Fees: lobbying

    total $1,952 · management and general $1,952

  • 11f · Fees: investment management

    total $6,946,370 · management and general $6,946,370

  • 11g · Fees: other

    total $22,054,292 · program services $16,244,928 · management and general $4,936,355 · fundraising $873,009

  • 12 · Advertising and promotion

    total $3,843,030 · program services $1,395,629 · management and general $2,442,996 · fundraising $4,405

  • 13 · Office expenses

    total $9,618,217 · program services $8,359,394 · management and general $1,231,932 · fundraising $26,891

  • 14 · Information technology

    total $8,247,168 · program services $3,729,370 · management and general $4,503,605 · fundraising $14,193

  • 15 · Royalties

    total $1,081,800 · program services $517,468 · management and general $547,688 · fundraising $16,644

  • 16 · Occupancy

    total $41,184,792 · program services $38,392,470 · management and general $2,792,097 · fundraising $225

  • 17 · Travel

    total $3,594,488 · program services $3,352,877 · management and general $188,728 · fundraising $52,883

  • 19 · Conferences, conventions and meetings

    total $2,615,946 · program services $2,326,976 · management and general $194,278 · fundraising $94,692

  • 20 · Interest

    total $25,366,214 · program services $20,773,523 · management and general $4,592,691

  • 22 · Depreciation, depletion and amortization

    total $28,350,570 · program services $23,491,992 · management and general $4,858,578

  • 23 · Insurance

    total $3,068,121 · management and general $3,068,121

  • 24a · Other expenses: CONTRACT SERVICE FEE

    total $8,705,410 · program services $8,489,375 · management and general $216,035

  • 24b · Other expenses: Dining Services

    total $4,024,892 · program services $4,024,892

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $3,770,714 · management and general $3,770,714

  • 24d · Other expenses: LIBRARY

    total $2,750,894 · program services $2,749,379 · management and general $1,515

  • 24e · All other expenses

    total $3,405,344 · program services $2,170,915 · management and general $1,231,890 · fundraising $2,539

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,747,150 · end of year -$215,418

  • 2 · Savings and temporary cash investments

    beginning of year $430,853 · end of year $416,531

  • 3 · Pledges and grants receivable

    beginning of year $19,468,458 · end of year $19,738,684

  • 4 · Accounts receivable

    beginning of year $28,127,151 · end of year $18,153,335

  • 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 $282,298 · end of year $48,677

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,429,302 · end of year $13,204,636

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

    $1,147,901,253

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

    $334,624,716

  • 10c · Land, buildings and equipment, net

    beginning of year $802,257,670 · end of year $813,276,537

  • 11 · Investments: publicly traded securities

    beginning of year $161,310,985 · end of year $207,290,176

  • 12 · Investments: other securities

    beginning of year $303,553,661 · end of year $285,831,350

  • 13 · Investments: program-related

    beginning of year $1,459,540 · end of year $1,583,600

  • 15 · Other assets

    beginning of year $375,008,020 · end of year $336,569,005

  • 17 · Accounts payable and accrued expenses

    beginning of year $52,733,691 · end of year $52,560,042

  • 19 · Deferred revenue

    beginning of year $10,923,573 · end of year $9,196,370

  • 20 · Tax-exempt bond liabilities

    beginning of year $687,418,234 · end of year $673,434,588

  • 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 $10,002,500 · end of year $16,870,846

  • 25 · Other liabilities

    beginning of year $353,807,127 · end of year $343,410,649

  • 27 · Net assets without donor restrictions

    beginning of year $341,340,914 · end of year $331,191,010

  • 28 · Net assets with donor restrictions

    beginning of year $248,849,049 · end of year $269,233,608

Mission and programs · 2023

Mission

THE NEW SCHOOL'S MISSION IS TO 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. (Continued on Schedule O)

Activities or mission (Part I)

THE NEW SCHOOL'S MISSION IS TO 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.

  • ACADEMIC PROGRAM: THE UNIVERSITY'S ACADEMIC PROGRAM IS COMPOSED OF INSTRUCTIONAL, RESEARCH, AND PUBLIC SERVICE ACTIVITIES. THE UNIVERSITY AWARDS BACCALAUREATE, MASTERS, AND DOCTORAL DEGREES. IN ACADEMIC YEAR 2023-2024 IT ENROLLED 10,377 DEGREE STUDENTS AND 4,450 NON-DEGREE STUDENTS. THE UNIVERSITY'S RESEARCH AND PUBLIC SERVICE ACTIVITIES ENABLE FACULTY TO EXPLORE NEW AREAS OF EDUCATION, LEARNING AND KNOWLEDGE.

    Expenses $207,030,650 · Revenue $496,390,655

  • 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 2023-2024, 9,544 STUDENTS RECEIVED INSTITUTIONAL SCHOLARSHIPS.

    Expenses $167,418,892 · Grants $167,418,892

  • 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, AND FACULTY AND CURRICULUM DEVELOPMENT, FOR ITS ACADEMIC PROGRAM. STUDENT SERVICES PROVIDES 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.

    Expenses $125,861,294 · Revenue $3,331,606

  • AUXILIARY REVENUE FOR DORMITORIES AND DINING SERVICES

    Expenses $52,632,011 · Revenue $41,609,307

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Donna Shalala

    Interim President (beginning Aug 2023)

    Total calculated
    $467,577
    From this org
    $306,469
    From related orgs
    $0
    Other
    $161,108
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $304,615
    Bonus
    $0
    Other
    $1,854
    Deferred
    $21,539
    Nontaxable benefits
    $139,569
    Filer's total
    $467,577
  • Dwight A McBride

    President (through Aug 2023)

    Total calculated
    $1,138,693
    From this org
    $623,760
    From related orgs
    $0
    Other
    $514,933
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $479,480
    Bonus
    $111,538
    Other
    $32,742
    Deferred
    $225,331
    Nontaxable benefits
    $289,602
    Filer's total
    $1,138,693
  • Elliot Stein

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Franci J Blassberg

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Linda E Rappaport

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Susan L Foote

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Anthony J Mannarino

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Asmita Bhatia

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Bevis Longstreth

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Charles R Perrin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Christopher J Castano

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Craig Bernecker

    FACULTY TRUSTEE

    Total calculated
    $208,858
    From this org
    $161,600
    From related orgs
    $0
    Other
    $47,258
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,294
    Bonus
    $0
    Other
    $6,306
    Deferred
    $11,573
    Nontaxable benefits
    $35,685
    Filer's total
    $208,858
  • Daniel T Motulsky

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • David Poma

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Dominique Bluhdorn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Douglas D Durst

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Jane Deflorio

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Jeffrey Gural

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Joseph R Gromek

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Joshua Sapan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Kay Unger

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Lilian Shiao-Yen Wu

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Madina Masimova

    Student Trustee Trustee (September 2023 through May 2024)

    Total calculated
    $6,152
    From this org
    $5,432
    From related orgs
    $0
    Other
    $720
    Hours/week
    1
  • Nancye Green

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Raiha Zainab

    Student Trustee Trustee (September 2023 through May 2024)

    Total calculated
    $0
    Hours/week
    1
  • Robert H Mundheim

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Sheila C Johnson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Stanley P Silverstein

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Steven H Bloom

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Ted GoldThorpe

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Timothy L Porter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • William D Zabel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • William E Havemeyer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Alex Perez

    General Counsel (beginning June 2023)

    Total calculated
    $260,655
    From this org
    $227,263
    From related orgs
    $0
    Other
    $33,392
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $226,988
    Bonus
    $0
    Other
    $275
    Deferred
    $16,923
    Nontaxable benefits
    $16,469
    Filer's total
    $260,655
  • Anne Adriance

    SVP for Marketing and Business Development

    Total calculated
    $552,298
    From this org
    $475,469
    From related orgs
    $0
    Other
    $76,829
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $419,843
    Bonus
    $1,496
    Other
    $54,130
    Deferred
    $33,000
    Nontaxable benefits
    $43,829
    Filer's total
    $552,298
  • Jennifer Hobbs

    SVP, University Secretary, Chief of Staff

    Total calculated
    $386,058
    From this org
    $336,298
    From related orgs
    $0
    Other
    $49,760
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $334,251
    Bonus
    $1,496
    Other
    $551
    Deferred
    $33,900
    Nontaxable benefits
    $15,860
    Filer's total
    $386,058
  • Jonah Nigh

    Senior Vice President for Development & Alumni Engagement

    Total calculated
    $502,018
    From this org
    $417,826
    From related orgs
    $0
    Other
    $84,192
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $415,629
    Bonus
    $1,496
    Other
    $701
    Deferred
    $64,777
    Nontaxable benefits
    $19,415
    Filer's total
    $502,018
  • Lin Zhou

    SVP and Chief Information Officer

    Total calculated
    $420,919
    From this org
    $341,759
    From related orgs
    $0
    Other
    $79,160
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $316,767
    Bonus
    $0
    Other
    $24,992
    Deferred
    $35,500
    Nontaxable benefits
    $43,660
    Filer's total
    $420,919
  • Mark Diaz

    Interim EVP for Business and Operations (Beginning Sept 2023)

    Total calculated
    $248,000
    From this org
    $227,615
    From related orgs
    $0
    Other
    $20,385
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,628
    Bonus
    $0
    Other
    $25,987
    Deferred
    $12,500
    Nontaxable benefits
    $7,885
    Filer's total
    $248,000
  • Melanie Hart

    SVP for Equity, Inclusion and Social Justice and Chief Diversity Officer

    Total calculated
    $376,883
    From this org
    $327,828
    From related orgs
    $0
    Other
    $49,055
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $296,705
    Bonus
    $0
    Other
    $31,123
    Deferred
    $30,450
    Nontaxable benefits
    $18,605
    Filer's total
    $376,883
  • Olatokumbo Shobowale

    Executive VP of Business Operations (through Sept 2023)

    Total calculated
    $465,399
    From this org
    $409,213
    From related orgs
    $0
    Other
    $56,186
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $394,499
    Bonus
    $1,496
    Other
    $13,218
    Deferred
    $55,219
    Nontaxable benefits
    $967
    Filer's total
    $465,399
  • Rene White

    Provost & Executive Vice President for Academic Affairs

    Total calculated
    $712,156
    From this org
    $618,605
    From related orgs
    $0
    Other
    $93,551
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $513,290
    Bonus
    $1,496
    Other
    $103,819
    Deferred
    $52,650
    Nontaxable benefits
    $40,901
    Filer's total
    $712,156
  • Christopher Cox

    Dean

    Total calculated
    $347,964
    From this org
    $307,442
    From related orgs
    $0
    Other
    $40,522
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $262,538
    Bonus
    $0
    Other
    $44,904
    Deferred
    $26,590
    Nontaxable benefits
    $13,932
    Filer's total
    $347,964
  • Joshua Burgher

    Chief Financial Officer

    Total calculated
    $363,437
    From this org
    $335,019
    From related orgs
    $0
    Other
    $28,418
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $329,210
    Bonus
    $5,000
    Other
    $809
    Deferred
    $13,260
    Nontaxable benefits
    $15,158
    Filer's total
    $363,437
  • Mary Watson

    Executive Dean

    Total calculated
    $383,280
    From this org
    $325,474
    From related orgs
    $0
    Other
    $57,806
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $320,770
    Bonus
    $1,247
    Other
    $3,457
    Deferred
    $52,888
    Nontaxable benefits
    $4,918
    Filer's total
    $383,280
  • Richard Kessler

    Executive Dean

    Total calculated
    $469,055
    From this org
    $391,609
    From related orgs
    $0
    Other
    $77,446
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $359,516
    Bonus
    $1,247
    Other
    $30,846
    Deferred
    $36,884
    Nontaxable benefits
    $40,562
    Filer's total
    $469,055
  • Thomas Aleinikoff

    DEAN

    Total calculated
    $331,728
    From this org
    $267,854
    From related orgs
    $0
    Other
    $63,874
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $240,234
    Bonus
    $0
    Other
    $27,620
    Deferred
    $23,844
    Nontaxable benefits
    $40,030
    Filer's total
    $331,728
  • William Milberg

    Dean

    Total calculated
    $319,554
    From this org
    $256,862
    From related orgs
    $0
    Other
    $62,692
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $253,232
    Bonus
    $0
    Other
    $3,630
    Deferred
    $22,573
    Nontaxable benefits
    $40,119
    Filer's total
    $319,554
  • Yvonne Watson

    Interim Executive Dean, Parsons School of Design

    Total calculated
    $322,494
    From this org
    $280,836
    From related orgs
    $0
    Other
    $41,658
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $263,103
    Bonus
    $1,247
    Other
    $16,486
    Deferred
    $25,610
    Nontaxable benefits
    $16,048
    Filer's total
    $322,494
  • Benjamin Lee

    Faculty

    Total calculated
    $417,254
    From this org
    $344,302
    From related orgs
    $0
    Other
    $72,952
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $255,277
    Bonus
    $0
    Other
    $89,025
    Deferred
    $27,399
    Nontaxable benefits
    $45,553
    Filer's total
    $417,254
  • Darrick Hamilton

    Faculty

    Total calculated
    $451,884
    From this org
    $405,089
    From related orgs
    $0
    Other
    $46,795
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $376,370
    Bonus
    $27,564
    Other
    $1,155
    Deferred
    $31,223
    Nontaxable benefits
    $15,572
    Filer's total
    $451,884
  • Joel Towers

    Former Dean / Current Faculty

    Total calculated
    $416,554
    From this org
    $350,719
    From related orgs
    $0
    Other
    $65,835
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $318,998
    Bonus
    $0
    Other
    $31,721
    Deferred
    $25,528
    Nontaxable benefits
    $40,307
    Filer's total
    $416,554
  • Joseph Sloan

    Executive Director and Dean of Continuing and Professional Education

    Total calculated
    $383,160
    From this org
    $343,174
    From related orgs
    $0
    Other
    $39,986
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $289,275
    Bonus
    $53,438
    Other
    $461
    Deferred
    $38,197
    Nontaxable benefits
    $1,789
    Filer's total
    $383,160
  • Rachel Schreiber

    Former Dean/Current Faculty

    Total calculated
    $385,018
    From this org
    $333,021
    From related orgs
    $0
    Other
    $51,997
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $295,013
    Bonus
    $0
    Other
    $38,008
    Deferred
    $35,939
    Nontaxable benefits
    $16,058
    Filer's total
    $385,018
  • Helen Wussow

    Former Dean / Current Faculty

    Total calculated
    $233,389
    From this org
    $109,721
    From related orgs
    $0
    Other
    $123,668
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $108,779
    Bonus
    $0
    Other
    $942
    Deferred
    $11,235
    Nontaxable benefits
    $112,433
    Filer's total
    $233,389
  • Jennifer Wilson

    Former Dean / Current Faculty

    Total calculated
    $157,632
    From this org
    $129,214
    From related orgs
    $0
    Other
    $28,418
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,443
    Bonus
    $0
    Other
    $771
    Deferred
    $13,260
    Nontaxable benefits
    $15,158
    Filer's total
    $157,632
  • Mary B Sanger

    Former SVP, Academic Affairs/Current Faculty

    Total calculated
    $244,728
    From this org
    $193,377
    From related orgs
    $0
    Other
    $51,351
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,296
    Bonus
    $0
    Other
    $13,081
    Deferred
    $2,117
    Nontaxable benefits
    $49,234
    Filer's total
    $244,728
  • Stephanie Browner

    Former Provost/Current Faculty

    Total calculated
    $301,666
    From this org
    $278,689
    From related orgs
    $0
    Other
    $22,977
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $226,353
    Bonus
    $0
    Other
    $52,336
    Deferred
    $22,977
    Nontaxable benefits
    $0
    Filer's total
    $301,666

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 1a · Personal services (maid, chauffeur, chef)
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

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 $278,877 and President Shalala's compensation includes $139,438 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): - Renee White $100,000 - Melanie Hart $30,000 - Yvonne Watson $13,846 - Thomas Aleinikoff $24,000 - Christopher Cox $38,077 - Stephanie Browner $50,000 - Joel Towers $30,000 - Benjamin Lee $85,000 - Rachel Schreiber $15,231
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 $192,331 - Renee White $19,650 - Olatokumbo Shobowale $6,450 - Jennifer Hobbs $900 - Jonah Nigh $9,277 - Lin Zhou $2,500 - Richard Kessler $3,884 - William Milberg $500 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 $47,269
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): - Dwight Mcbride $111,538 - Renee White $1,496 - Olatokumbo Shobowale $1,496 - Jennifer Hobbs $1,496 - Annette Adriance $1,496 - Jonah Nigh $1,496 - Yvonne Watson $1,247 - Mary Watson $1,247 - Richard Kessler $1,247 - Joshua Burgher $5,000 - Joseph Sloan $53,438.00

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • FREUNDE UND FORDERER VON THE NEW SCHOOL

    501(c)(3) · FACILITATE CONTRIBUTIONS · GM · controlled entity

    Directly controlled by THE NEW SCHOOL

  • TNS PARSONS

    EDUCATION AND RESEARCH · FR · controlled entity

    Directly controlled by THE NEW SCHOOL

  • ANATOL SHULKIN MEMORIAL SCHOLARSHIP

    501(c)(3) · AWARDS SCHOLARSHIPS FOR ART & DESIGN · NY · controlled entity

    Directly controlled by THE NEW SCHOOL

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

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

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202541359349304204

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