Civic Intelligence

Yeshiva University

990 • Fiscal year 2017 • EIN 13-1624225

Jul 01, 2016 to Jun 30, 2017 • Filed on May 14, 2018

500 West 185th StreetNew York, NY 10033

(646) 592-4005

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

59th percentile

0.42x

Higher debt load relative to assets than 59% of similar nonprofits.

2017 filings • 501(c)3 • $1B+ nonprofits • Source year 2017

Liabilities / Revenue

78th percentile

1.36x

Higher debt load relative to revenue than 78% of similar nonprofits.

2017 filings • 501(c)3 • $1B+ nonprofits • Source year 2017

Net Margin

35th percentile

3.9%

Higher net margin than 35% of similar nonprofits.

2017 filings • 501(c)3 • $1B+ nonprofits • Source year 2017

Top Officer Pay

29th percentile

$1,047,956

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2017 filings • 501(c)3 • $1B+ nonprofits • Source year 2017

Asset Growth

8th percentile

-3.4%

Faster asset growth than 8% of similar nonprofits.

2017 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2016 to 2017

Revenue Growth

18th percentile

1.2%

Faster revenue growth than 18% of similar nonprofits.

2017 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2016 to 2017

Assets

Down

$1,031,314,954

Down $36,251,317 (-3.4%) from 2016

Net Assets

Up

$596,910,401

Up $36,200,366 (+6.5%) from 2016

Liabilities

Down

$434,404,553

Down $72,451,683 (-14%) from 2016

Revenue

Up

$320,328,974

Up $3,785,160 (+1.2%) from 2016

Expenses

Down

$307,702,248

Down $67,898,689 (-18%) from 2016

Net Income

Up

$12,626,726

Up $71,683,849 (+121%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0B$2.0B$1.0B$0Assets 2010: $2,041,416,987Liabilities 2010: $519,115,719Net Assets 2010: $1,522,301,2682010Assets 2011: $2,041,555,565Liabilities 2011: $528,769,642Net Assets 2011: $1,512,785,9232011Assets 2012: $2,188,096,002Liabilities 2012: $648,414,953Net Assets 2012: $1,539,681,0492012Assets 2013: $2,195,350,642Liabilities 2013: $707,618,357Net Assets 2013: $1,487,732,2852013Assets 2014: $2,069,067,380Liabilities 2014: $683,293,876Net Assets 2014: $1,385,773,5042014Assets 2015: $1,883,222,144Liabilities 2015: $703,780,595Net Assets 2015: $1,179,441,5492015Assets 2016: $1,067,566,271Liabilities 2016: $506,856,236Net Assets 2016: $560,710,0352016Assets 2017: $1,031,314,954Liabilities 2017: $434,404,553Net Assets 2017: $596,910,4012017Assets 2018: $968,596,074Liabilities 2018: $412,181,453Net Assets 2018: $556,414,6212018Assets 2019: $917,053,743Liabilities 2019: $392,527,059Net Assets 2019: $524,526,6842019Assets 2020: $875,469,518Liabilities 2020: $384,101,775Net Assets 2020: $491,367,7432020Assets 2021: $1,047,363,651Liabilities 2021: $435,420,093Net Assets 2021: $611,943,5582021Assets 2022: $958,920,609Liabilities 2022: $427,132,390Net Assets 2022: $531,788,2192022Assets 2023: $999,954,345Liabilities 2023: $486,659,447Net Assets 2023: $513,294,8982023Assets 2024: $997,185,983Liabilities 2024: $507,047,412Net Assets 2024: $490,138,5712024

Highlighted filing

2017

Assets$1,031,314,954
Liabilities$434,404,553
Net Assets$596,910,401

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0B$500M$0-$500MExpenses 2010: $752,220,5092010Expenses 2011: $759,986,7022011Expenses 2012: $776,963,8042012Revenue 2013: $704,895,062Expenses 2013: $802,993,072Net Income 2013: -$98,098,0102013Revenue 2014: $703,820,236Expenses 2014: $855,371,878Net Income 2014: -$151,551,6422014Revenue 2015: $583,208,881Expenses 2015: $789,396,645Net Income 2015: -$206,187,7642015Revenue 2016: $316,543,814Expenses 2016: $375,600,937Net Income 2016: -$59,057,1232016Revenue 2017: $320,328,974Expenses 2017: $307,702,248Net Income 2017: $12,626,7262017Revenue 2018: $273,660,340Expenses 2018: $334,233,640Net Income 2018: -$60,573,3002018Revenue 2019: $338,809,038Expenses 2019: $333,971,632Net Income 2019: $4,837,4062019Revenue 2020: $313,974,097Expenses 2020: $347,188,571Net Income 2020: -$33,214,4742020Revenue 2021: $354,803,319Expenses 2021: $336,722,937Net Income 2021: $18,080,3822021Revenue 2022: $385,564,431Expenses 2022: $360,166,046Net Income 2022: $25,398,3852022Revenue 2023: $382,447,837Expenses 2023: $390,718,819Net Income 2023: -$8,270,9822023Revenue 2024: $394,227,866Expenses 2024: $427,869,613Net Income 2024: -$33,641,7472024

Highlighted filing

2017

Revenue$320,328,974
Expenses$307,702,248
Net Income$12,626,726
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 14, 2018
Return Version
2016v3.1
Gross Receipts
$611,266,077
Mission and Program Overview

Mission

The university is composed of several colleges and schools providing undergraduate, graduate, professional and post-doctoral education and training and research and clinical programs. (see sch o)

The university is composed of several colleges and schools providing education, training, research and clinical programs. See schedule o.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$286,828,676$319,578,447▲ $32,749,771
Investments in Publicly Traded Securities$141,621,387$254,518,408▲ $112,897,021
Land, Buildings, and Equipment, Net$215,168,475$202,782,413▼ $12,386,062
Pledges and Grants Receivable$72,506,988$69,464,172▼ $3,042,816
Investments Program Related$35,732,278$34,675,358▼ $1,056,920
Savings and Temporary Cash Investments$26,735,294$23,323,841▼ $3,411,453
Prepaid Expenses and Deferred Charges$20,660,309$20,357,078▼ $303,231
Cash and Non-Interest-Bearing Accounts$3,650,811$4,747,101▲ $1,096,290
Other Notes and Loans Receivable, Net$149,116,636$1,218,526▼ $147,898,110
Accounts Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$1,067,566,271$1,031,314,954▼ $36,251,317
Other Assets Total$115,545,417$100,649,610▼ $14,895,807
Liabilities
Tax Exempt Bond Liabilities$170,555,000$158,985,000▼ $11,570,000
Mortgage Notes Payable Secured by Investment Property$183,075,321$140,652,501▼ $42,422,820
Other Liabilities$110,942,596$97,527,976▼ $13,414,620
Accounts Payable and Accrued Expenses$37,430,188$32,284,212▼ $5,145,976
Deferred Revenue$4,853,131$4,954,864▲ $101,733
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$506,856,236$434,404,553▼ $72,451,683
Net Assets / Fund Balance
Permanently Rstr Net Assets$417,694,830$430,526,948▲ $12,832,118
Temporarily Rstr Net Assets$167,382,697$177,509,221▲ $10,126,524
Unrestricted Net Assets$-24,367,492$-11,125,768▲ $13,241,724
Total Net Assets Fund Balance$560,710,035$596,910,401▲ $36,200,366
Total Liabilities and Net Assets / Fund Balance$1,067,566,271$1,031,314,954▼ $36,251,317

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$179,249,608$206,486,451$385,736,059
Equipment$9,636,123$18,222,254$27,858,377
Land$13,552,086-$13,552,086
Leasehold Improvements$344,596$5,035,133$5,379,729
Other Assets Org$2,253,265--
Other Securities$319,578,447--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$445,422,370$5,577,747▲ $42,232,032$8,374,621$473,543,139
2015$859,128,606$3,353,243▲ $14,444,526$418,364,329$445,422,370
2014$884,852,416$4,796,779▲ $22,484,116$35,142,750$859,128,606
2013$988,686,277$8,709,186▲ $100,434,672$195,343,878$884,852,416
2012$873,508,143$88,697,900▲ $89,868,522$47,072,471$988,686,277
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Richard JoelPresident Emeritus-may 2017FT$578,930$469,026$1,047,956
Andrew J LauerVP/secretary/general CounselFT$524,077$170,464$694,541
Jacob HarmanVP Business Affairs - CFOFT$538,750$151,251$690,001
Seth MoskowitzVP-inst Adv-through Dec 2017FT$449,522$23,052$472,574
Josh JosephSenior VPFT$351,488$111,853$463,341
Melanie LeslieDean - Cardozo Law SchoolFT$376,995$41,255$418,250
Ahron HerringChief Investment OfficerFT$389,021$21,279$410,300
David RudenstineProfessorFT$383,585$12,261$395,846
Stewart SterkProfessor/directorFT$322,840$39,332$362,172
Selma BotmanProvostFT$350,000$9,520$359,520
Rabbi Kenneth BranderVP University Community LifeFT$257,922$98,108$356,030
Edward D SteinProfessor/directorFT$321,953$33,205$355,158
Moses PavaDean - Sysms Business SchoolFT$289,942$55,089$345,031
Daniel FormanFormer VP DevelopmentFT$297,111$34,923$332,034
Dr Herbert DobrinskyVP University AffairsFT$274,632$49,254$323,886
Dr Morton LowengrubFormer Provost/sr VPFT$203,439$28,554$231,993
Allen SpiegelVP Medical Affairs/deanPT$112,245-$112,245
Laizer KornwasserTrustee - Pt FacultyPT$14,375-$14,375

Board Members and Trustees

NameTitle
Moshael J StrausBoard Chairman/trustee
Morry J WeissChair Emeritus-trustee
David S GottesmanChair Emeritus/trustee
Henry KresselChair Emeritus/trustee
Robert M BerenChair Emeritus/trustee
Rabbi Dr Ari D BermanPresident-trustee June 2017
Ira M MitznerVice Chairman/trustee
Ludwig BravmannVice Chairman/trustee
Mordecai D KatzVice Chairman/trustee
Philip FriedmanVice Chairman/trustee
Michael JesselsonTreasurer - Trustee
Alan E GoldbergTrustee
Andrew HerensteinTrustee
Daniel a SchwartzTrustee
David P SamsonTrustee
Dr Felix L GlaubachTrustee
Dr Lewis RubinTrustee
Elliot GibberTrustee
Irwin ShapiroTrustee
J Philip RosenTrustee
Jack a BelzTrustee
Jay SchottensteinTrustee
Joel M SchreiberTrustee
Joshua L MussTrustee
Julius BermanTrustee
Marjorie Diener BlendenTrustee
Mark SilberTrustee
Mark WilfTrustee
Marvin S BienenfeldTrustee
Matthew J MarylesTrustee
Michael GamsonTrustee
Naomi AzrieliTrustee
Sender Z CohenTrustee
Shira YoshorTrustee
Zygmunt WilfTrustee
Marcos D KatzTrustee-deceased July 2016
Fanya Gottesfeld HellerTrustee-deceased October 2017
Jack M NagelTrustee-through December 2016
Vivian Glueck RosenbergTrustee-through December 2016

Highest Paid Contractors

ContractorServicesLocationCompensation
Securitas Security ServicesSecurity Services1412 BROADWAY, New York, NY 10018$8,908,508
Techline Construction LLCConstruction69 STARBUCK STREET, Taten Island, NY 10304$2,628,790
Ellucian Company LLPIt Services62578 COLLECTIONS CENTER DRIVE, Chicago, IL 60693$2,437,264
Preeminent Solutions IncorporatedIt Services1225 FRANKLIN AVENUE, Garden City, NY 11530$1,929,075
Pricewaterhousecoppers LLPAccounting Services3109 W DR MLK JR BLVD, Tampa, FL 33607$1,762,071
Revenue and Support

Revenue Composition

Contributions and Grants
$41,991,830
Program Service Revenue
$199,528,605
Investment Income
$69,669,608
Other Revenue
$9,138,931
All Other Contributions
$27,898,678
Change in Net Assets
$12,626,726

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded29$919,411Fair Market Value (FMV)
Total Noncash Contributions29$919,411-

Audited Revenue Reconciliation

Revenue per Audited Statements
$312,775,394
Revenue Not Reported on Financial Statements
$7,553,580
Revenue Not Reported on Form 990
$-48,436,968
Other Revenue Adjustments
$5,483,310
Total Revenue per Audited Statements
$264,338,426
Total Revenue per Form 990
$320,328,974
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$126,018,205
Other Expenses$97,869,044
Grants and Similar Amounts Paid$83,506,250
Total Fundraising Expense$9,226,400
Professional Fundraising Fees$308,749

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$82,832,755$7,709,080$5,821,669$96,363,504
Grants to Domestic Individuals$79,097,221--$79,097,221
Interest$14,165,028$3,322,661-$17,487,689
Other Employee Benefits$13,241,315$1,231,750$923,813$15,396,878
Depreciation Depletion$10,127,360$2,375,554-$12,502,914
Occupancy$8,095,556$1,898,958-$9,994,514
Office Expenses$5,109,168$1,350,565$648,502$7,108,235
Payroll Taxes$6,066,330$564,310$423,232$7,053,872
Fees for Services Other$4,359,075--$4,359,075
Current Officers, Directors, Trustees, and Key Employees$3,551,459$394,607$377,213$4,323,279
Foreign Grants$3,936,667--$3,936,667
Other Expenses$2,745,663$876,855$44,480$3,666,998
Travel$2,571,014$618,414$65,382$3,254,810
All Other Expenses$2,262,416$594,785$273,254$3,130,455
Pension Plan Contributions$2,477,378$230,454$172,840$2,880,672
Insurance$2,114,248$495,935-$2,610,183
Fees for Service Investment Mgmnt Fees-$2,070,270-$2,070,270
Information Technology$1,363,598$323,855$17,045$1,704,498
Fees for Services Accounting-$1,688,932-$1,688,932
Advertising$736,207$201,154$121,344$1,058,705
Fees for Services Legal-$978,384-$978,384
Conferences and Meetings$750,058$177,315$5,862$933,235
Grants to Domestic Orgs$472,362--$472,362
Fees for Services Professional Fundraising--$308,749$308,749
Fees for Services Lobbying-$117,900-$117,900
Total Functional Expenses$266,465,683$32,010,165$9,226,400$307,702,248

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$307,702,248
Expenses per Audited Statements$230,253,470
Total Expenses per Audited Statements$228,358,059
Expenses Not Reported on Financial Statements$77,448,778
Other Expense Adjustments$75,378,508
Expenses Not Reported on Form 990$-1,895,411
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Innocence ProjectNew York, NY501(c)(3)Public Policy$429,500
GREEN CHIMNEY'S CHILDREN SERVICESBrewster, NY501(c)(3)Child Services$29,640
Hebrew Union CollegeCincinnati, OH501(c)(3)Education$13,222

International Summary

Offices
2
Employees
17
Spending
$122,592,861

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestmentsN/a--$117,303,431
Middle East and North AfricaGrantmakingN/a110$3,591,092
Europe (Including Iceland and Greenland)InvestmentsN/a--$783,451
North AmericaGrantmakingEducation, Fundraising--$345,575
Middle East and North AfricaProgram ServicesEducation11$296,115
Middle East and North AfricaInvestmentsN/a-4$82,085
East Asia and the PacificProgram ServicesEducation--$72,107
Europe (Including Iceland and Greenland)Program ServicesEducation-1$64,374
North AmericaProgram ServicesEducation, Fundraising-1$44,036
South AsiaProgram ServicesEducation--$10,595
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$948,028
Fundraising Gross Income$358,228
Professional Fundraising Fees$308,749
Gaming Direct Expenses$0
Gaming Gross Income$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Cardozo$603,122$153,122$89,305$63,817
Hanukkah Dinner$3,797,520$88,426$75,331$13,095
Total Events$5,401,662$358,228$948,028$-589,800
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Hilton HotelsIra Mitzner - TrusteeUniversity Conference RentalNo$182,082

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Assets Held for Aecom, Inc.$68,369,302
457b Plan Dfd Compensation Lia$9,804,113
Asset Retirement Obligation$9,455,244
Refundable Advances From US Go$6,110,852
Due to Bcbs$2,250,000
Other Liabilities$999,917
Life Income Liabilities$538,548

Bond Issues

BondIssuerIssuedIssue PricePurpose
ADormitory Authority of the State of New York2009-07-23$142,206,373Refunding of 1998 and capital expe
BDormitory Authority of the State of New York2011-09-28$93,390,365Refunding 2001 and capital expendi

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$142,206,373$0$6,390,000$1,495,130
B$93,390,365$0$4,500,000$1,568,989

Bond Financing Compliance

Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Core Form 990, Part VI, Section A, Line 7A - Members

In accordance with article i-3 of the yeshiva university by-laws of the board of the board of trustees, the respective chairs of the boards of the rabbi isaac elchanan theological seminary ("riets") and the benjamin n. Cardozo school of law ("cardozo") serve as ex officio voting members of the yeshiva university board of trustees. Riets is a separately incorporated section 501(c)(3) tax-exempt organization. Cardozo is a constituent school that operates as part of yeshiva university. Such individuals remain on the yeshiva university board of trustees as long as they remain as chair of his or her respective board.

Core Form 990, Part VI, Section A, Line 11B - Form 990 Review

Yeshiva university's form 990 was reviewed and signed by an independent accounting firm based on a draft return prepared by the university's finance department and director of tax. The draft return was reviewed by the university's chief financial officer, the university's office of general counsel and the audit committee of the board of trustees. 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.

Core Form 990, Part VI, Section B, Line 12C - Conflict of Interest Policy

The university's conflict of interest policy - which was approved by the board of trustees - applies to all members of the university's board of trustees, all members of the boards of overseers of the university's constituent schools, all persons who serve on a university board committee or a committee of a constituent school's board, and to officers and select employees of the university, as designated by the general counsel (collectively, the "covered persons"). The policy provides that covered persons are to act at all times in a manner consistent with their responsibilities to the university 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 university's reputation. Further, all covered persons are not to engage in business with the university. In the case of a rare exception, the governance committee of the board of trustees will review the facts and, if it is in the university's best interests, approve such exceptions. Conflict waiver requests considered by the committee, whether or not approved, are reported to the board of trustees. Questions as to whether a transaction constitutes a related party transaction with respect to covered persons are resolved by the university's governance committee and the president in consultation with the general counsel.covered persons are required to complete, sign and submit to the general counsel an annual disclosure statement; to promptly notify the general counsel of any change in the information previously reported on such person's disclosure statement; and to furnish supplemental information and/or confirm the continued accuracy of the current disclosure statement, if requested by the general counsel. The board's governance committee, in consultation with the general counsel, has the authority to address non-compliance with the disclosure requirements or any other provision of the conflict of interest policy; and may recommend the removal of such non-complying covered person or other appropriate sanction. In addition, a covered person who believes a current, pending or proposed transaction would constitute a related party transaction or otherwise constitute an actual, potential or apparent conflict of interest, is required to promptly disclose to the general counsel and to the chair of each board and committee of which the covered person is a member, the existence of the conflict (or appearance of conflict) and other material information that the covered person may have regarding the transaction. New covered persons are provided with a copy of the conflict of interest policy and disclosure statement. The details of the policy and its requirements are reviewed with them.the general counsel maintains a database of disclosure statements and a system for monitoring current, pending and proposed transactions for potential related party transactions based on the disclosures made in each covered person's annual disclosure statement and any periodic updates submitted pursuant to the policy. In addition to the conflict of interest policy above for covered persons, university employees are also subject to additional conflict of interest reporting requirements as set forth in the university employee handbook.

Core Form 990, Part VI, Section B, Line 15 - Compensation Determination

The compensation of all employees earning in excess of a specified threshold salary level, as well as all of yeshiva university's officers and key employees, is reviewed annually by the 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 deliberations and decisions are made part of the committee's written minutes. In accordance with irs rules and regulations, the university has also received opinions from independent third party compensation consultants that the compensation and benefits of its officers and key employees are reasonable.

Core Form 990, Part VI, Section C, Line 19 - Public Disclosure

Yeshiva university does not currently make its governing documents or conflict of interest policy available to the public. It's audited financial statements are available to the public on the university's website at www.yu.edu. The university makes it's form 990 and 990-t available to the public in accordance with internal revenue service rules and regulations.

Core Form 990, Part VI, Section A, Line 2 - Board Member Relationships

Name of officer, director, etc: zygmunt wilf name of related person: mark wilf relationship: family and business name of officer, director, etc: michael jesselson name of related person: jay schottenstein relationship: business relationship

Form 990, Part VII - Average Hours Per Week

The average hours per week listed for the officers, key employees and highest paid employees represents yeshiva university's official work week. However, in practice, such individuals work significantly more hours per week and are expected to be available for university business

Filing and Contact Details

Filer

Filer Name
Yeshiva University
EIN
13-1624225
In Care Of
% RABBI DR ARI D BERMAN
Phone
6465924005
Address
500 WEST 185TH STREET, NEW YORK, NY 10033

Signing Officer

Name
Jacob E Harman
Title
VP CFO
Phone
6465924005
Signed
2018-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jacob E Harman
Formed
1897
Legal Domicile
Ny
Voting Board Members
38
Independent Board Members
36
Employees
3,099
Volunteers
36

Preparer

Firm
PricewaterhouseCoopers LLP
Address
300 Madison Avenue, New York, NY 10017
Preparer
Laura J Parello
Phone
6464713000
Supplemental Narrative

Additional Explanations

Core Form 990, Part I, Line 6 - Volunteers

In addition to the board members who serve without compensation, the university utilizes many volunteers in the conduct of its activities. However, it does not track the number of these additional volunteers.

Core Form 990, Part III, Line 1 and Line 3

Line 1 - organization mission yeshiva university is the worlds premier jewish institution for higher education. Rooted in jewish thought and tradition, it sits at the educational, spiritual and intellectual epicenter of a robust global movement that is dedicated to advancing the moral and material betterment of the jewish community and broader society, in the service of god. In september 2017, ari berman was inaugurated as the fifth president of yeshiva university. He succeeded richard m. Joel, who was inaugurated in 2003, and norman lamm, who had held the office since 1976. President berman's two other predecessors were bernard revel, president from 1915 to 1940, and samuel belkin, who served from 1943 to 1975. Some of the world's leading minds make their home in yeshiva university's classrooms. Beyond a commitment to research and writing, yeshiva faculty members and roshei yeshiva (professors of talmud) engage and inspire their students, drawing them into a continuing pursuit of knowledge and wisdom. They value close interactions with their students and the opportunity to engage with students outside the classroom setting, whether it's meeting informally to continue a discussion started in the classroom or collaborating in the laboratory on new research. Yeshiva university alumni have gone on to become distinguished rabbinic leaders, world political leaders, business giants and philanthropists. Alumni have achieved immense success and made significant contributions to society and the jewish community both nationally and worldwide. They serve, lead and inspire by example: a testament to the university's greatest resources-our students and faculty.

Core Form 990, Part III, Line 4 - Program Services

Founded in the late 19th century, yeshiva university (yu) is the country's oldest and most comprehensive institution combining jewish scholarship with academic excellence and achievement in the liberal arts and sciences, medicine, law, business, social work, psychology, jewish studies, education and research. Yu reflects a centuries-old commitment to the advancement of human knowledge and ethics. Yu brings together the heritage of western civilization and the ancient traditions of jewish law and life. Since its inception, yu has been dedicated to melding the ancient traditions of jewish law and life with the heritage of western civilization, and each year we celebrate as future leaders make yu their home. More than 6,500 undergraduate and graduate students study at yu's four new york city campuses: the wilf campus; israel henry beren campus; brookdale center; the jack and pearl resnick campus; and in israel. Yu currently enrolls more than 2,900 undergraduates at yeshiva college, stern college for women, the sy syms school of business, and in the s. Daniel abraham program in israel. These schools combine rigorous academics, unparalleled jewish studies and a nurturing jewish environment. Honors and leadership programs stress the intellectual development and cultural enrichment of outstanding students, and there are many opportunities for internships and research. Joint and combined programs offer advanced degrees in engineering, occupational and physical therapy, jewish education, jewish studies, optometry, podiatry, nursing, physician assistant studies, and teaching math and science. About 95 percent of full-time undergraduate faculty hold doctorates or the highest degree within their fields. Small classes encourage intellectual intimacy and creativity. Distinguished scholars, authors, artists, public officials and business leaders interact with students in a variety of venues. All yu undergraduates pursue a dual program of torah studies and college academic studies. Classes at all levels are offered in talmud, bible, hebrew, jewish history, jewish philosophy and ethics and halacha. Formal classroom and beit medrash studies are augmented with special programs, optional day and night study groups and mentors, along with counseling and guidance programs focused on growth and development. The undergraduate men select from several jewish studies options; the yeshiva program/mazer school of talmudic studies, the isaac breuer college of hebraic studies, the irving stone bet medrash program and the james striar school of general jewish studies. The undergraduate women learn at the rebecca ivry department of jewish studies, offering a comprehensive curriculum of courses to match the students diverse backgrounds. For many students, the s. Daniel abraham israel program is an unforgettable and life changing undergraduate experience. An arrangement between yeshiva university and more than 40 yeshivot and seminaries in israel, the program provides structure, guidance and assistance for approximately 800 young men and women, enabling them to incorporate their studies in israel into their college years. Israel's leading educators teach an intense program of jewish subjects and the experience increases proficiency in hebrew and enables students to learn first hand about israel's land, people, history and culture. Yu israel representatives visit schools to offer academic guidance and career planning advice and students have the opportunity to meet yu roshei yeshiva (professors of talmud and torah), administrators and faculty. Yu is also affiliated with one of the nation's top medical schools and is home to one of the finest law schools established in the past 30 years, as well as highly regarded graduate schools of social work, psychology, jewish studies, jewish education and administration, and graduate programs in accounting, taxation, biotechnology, data analytics, enterprise rik management, quantitative economics, marketing, math and speech

PROGRAM SERVICES (CONT'D)

The azrieli graduate school of jewish education and administration is the premier international center for aspiring jewish educators, educational leaders and administrators offering an internationally recognized faculty, innovative coursework, collaborative research, intensive field experience and professional mentoring. The school awards the master of science degree in jewish education and offers substantial flexibility to allow all jewish educators to advance their learning either at the ny campus or in a fully online program. Students may also pursue a dual masters degree from azrieli and the bernard revel graduate school of jewish studies; a special track is available for semicha (rabbinical ordination) students. Through its fanya gottesfeld heller division of doctoral studies, azrieli also offers the executive doctorate of jewish educational innovation and leadership. Azrieli alumni serve at the helm of schools, educational agencies, universities and communal institutions all over the world. The bernard revel graduate school of jewish studies, named after the first president of yu, educates teachers, researchers and scholars in jewish studies as well as rabbis, communal professionals and anyone willing to enrich his or her knowledge of judaism. It offers programs leading to the ma and phd degrees with concentrations in bible, talmudic studies, ancient jewish history, medieval jewish history, modern jewish history, and jewish philosophy and mysticism. It has a world class faculty of experts in these fields and a student body whose ability to deal with classical jewish texts is unparalleled. The ferkauf graduate school of psychology trains highly qualified psychologists and researchers in the fields of clinical psychology, school-clinical child psychology, clinical health psychology and mental health counseling. Collaborations with schools, clinics, mental health institutions and medical centers allows for a myriad of opportunities for field placements, externships and internships. Ferkauf grants an ma in mental health counseling, a psyd in clinical and school-clinical child psychology and a phd in clinical health psychology. Ferkauf's programs include the rose f. Kennedy center for research in mental retardation and developmental disabilities, which provides interdisciplinary training, the leonard and murial marcus family project for the study of the disturbed adolescent, which supports fellowships and research, the max and celia parnes family psychological and psycho-educational services clinic, which provides a wide range of assessment and therapeutic services for neighboring communities and the beker family project which trains school psychologists to work within hebrew day schools and other private schools to develop state of the art school psychological and psycho-educational services for children, teachers and families. The wurzweiler school of social work grants the msw degree, the phd in social welfare and certificates in jewish communal service, child welfare practice, social work practice with the military, jewish philanthropy, school social work, creative arts and healing and gerontology. It offers concentrations in clinical practice with individuals and families, social group work, and community practice. Wurzweiler graduates comprise a network of more than 7,000 local, national and international service providers, leaders and educators. Fieldwork is an integral part to a wurzweiler education. Affiliated agencies are selected for their expertise, diversity, service to the community and opportunities for learning. Topics such as evidence-based practice, healthy aging, trauma and interpersonal violence, working with veterans, coping with loss, child welfare, geriatric and palliative care, creative arts and healing, school social work and substance abuse inform wurzweiler's nationally accredited curriculum. Wurzweiler's internationally recognized faculty is committed to excellence in teaching and contributing to t

PROGRAM SERVICES (CONT'D)

The museum's collection of more than 10,000 artifacts, exhibitions, installations and programs provide a window into jewish culture around the world and throughout history. School groups from across the new york metropolitan area visit the museum to tour the exhibitions and participate in workshops and educational programs. The museum serves as a resource for educators nationwide. As a resource for scholarly research, the museum's exhibitions and programs provide unique opportunities to examine, compare and research objects, ideas and techniques. The museum partners with yu faculty to provide a wide range of programs open to the public. As a teaching museum, it is committed to providing creative learning opportunities. In order to foster intellectual exchange both within yu, the broader academic community and with the general community, yu created the following centers/institutes: the center for the jewish future; the rabbi arthur schneier center for international affairs; the center for israel studies; the center for jewish law and contemporary civilization; and the zahava and moshael strauss center for torah and western thought. The center for the jewish future (cjf) aims to shape, enrich and inspire the contemporary jewish community. Infusing students with a spirit of leadership and responsibility to klal yisrael (people of israel) and society; the cjf builds, cultivates and supports communities and their lay leaders and rabbinic leadership. The cjf has developed a wide variety of initiatives to further the unique values of yu. A web site devoted to torah learning, yutorah.org and torah-to-go series, makes the lectures of yu's roshei yeshiva (professors of talmud) and other torah personalities widely available. A sunday morning torah learning program brings hundreds of men and women for shiurim (lectures). The center for israel studies nurtures scholarship and the teaching of israel from biblical times to the present, with particular focus upon the modern state. The center unites yu's academic and professional strengths and resources as it seeks to create an international forum on israel. The center supports curriculum development, research, conferences, publications, museum exhibitions and public programs. The center for jewish law and contemporary civilization enriches jewish studies, the legal academy and contemporary civilization by creating and sustaining a diverse and collaborative intellectual community that re-examines and reconsiders classical texts with an ever growing set of new conceptual tools. The center sponsors a wide range of academic activities, including innovative curriculum in jewish law and legal theory, workshops, colloquia and conferences, as well as fellowship programs that train and support students and emerging scholars. The zahava and moshael strauss center for torah and western thought through fellowships, public events, seminars and travel abroad options, offers students the opportunity to engage with leading thinkers in the u.s. And israel, and to explore the great moral, philosophical and theological questions of our age. The center is dedicated to bridging a formative academic experience with an immersion in torah study, furthering the university's mission of torah umadda and securing yeshiva university's critical role in the future of the american jewish community. The rabbi arthur schneier program for international affairs provides an educational forum for the exchange of ideas related to diverse global issues, including foreign relations; intellectual property rights; economics; world health and environmentalism. The center for jewish law and contemporary civilization examines classical texts through an innovative curriculum in jewish law and legal theory, and provides workshops, conferences and fellowship programs for emerging scholars.

Form 990, Part XI, Line 9 - Reconciliation of Net Assets

Change in fmv of split interest agreements $ -38,111 elimination of expenses of separately incorporated real estate entities $ -16,052 _______________ total $ -54,163

Financial Statement Notes

Schedule D, Part III, Line 1A & 4 - Collections Rare Books and Manuscripts

Yeshiva university's museum's collection includes more than 10,000 artifacts reflecting 5,000 years of jewish culture, art, and history from around the world. The collections feature fine arts, ethnographic and archeological artifacts, clothing and textiles, ceremonial and ritual objects, manuscripts, books, and other documents. The rare and unique treasures held by yu constitute the library's special collections. The rare books, manuscripts and archival records document the jewish, religious, literary and cultural heritage. Scholars and visitors are welcome to consult the special collections. The rare book room, a glass-enclosed room on the fourth floor of the yeshiva university mendel gottesman library with a controlled environment, houses the university's rare books and manuscripts collections. Approximately eight thousand printed volumes, most of them in hebrew, are included in the rare collections. Also, a collection of over one thousand rabbinic and historical manuscripts is housed in the rare book room. The archives hold organizational and institutional records and private papers relating to the modern jewish history and culture in the us and abroad.

Schedule D, Part III, Line 1A & 4 - Exhibitions & Programs - Education

The yeshiva university museum shares space in the center for jewish history, a state-of-the-art facility with four institutions, three of whom are renowned research and archival institutions focusing on specific aspects of jewish history and culture: the yivo institute for jewish research, the american jewish historical society, american sephardi federation, and the leo baeck institute. The museum has four galleries, an exhibition arcade, an outdoor sculpture garden, a discovery center and a children's workshop room. The museum has access to a 250 seat, handicapped-accessible auditorium with a state-of-the-art av projection room. The yeshiva university museum presents exhibitions with an interdisciplinary focus that reflect the diversity of the museum's collection. As a resource for scholarly research, yeshiva university museum's exhibitions provide unique opportunities for artists, historians, collectors, and ethnographers to examine, compare, and research objects, ideas, and techniques. Its contemporary art shows offer the public the opportunity to survey art being created by living jewish artists throughout the world. Yeshiva university museum's programs are designed to expand the intellectual and creative imagination of its diverse audiences. They include family craft workshops, lectures, films, concerts, and multilingual exhibition tours in english, hebrew, spanish, russian, and yiddish.

Schedule D, Part V, Line 4 - Endowments

Yeshiva university's endowment funds are intended for a variety of purposes, including student scholarships and loans, academic chairs, instruction and training, educational programs and projects, research, and fellowships.

Schedule D, Part XI, Line 2D

Other revenue included on audited financial statements but not on form 990: reclass of scholarships -75,378,508 change in fmv of split interest agreements -38,111 revenue from related entities included in consolidated financial statements 3,351,848 ------------- -72,064,771

Schedule D, Part XI, Line 4B

Other revenue included on form 990 but not on audited financial statements: reclass of rental expenses -2,935,285 reclass of fundraising event expenses 948,028 reclass of distribution from yeshiva endowment fdn and transfer of endowments 5,866,623 reclass of affiliate service allocation 3,500,000 ----------- 5,483,310

Schedule D, Part XII, Line 2D

Other expenses included on audited financial statements but not form 990: reclass of rental expenses 2,935,285 reclass of fundraising event expenses 948,028 expenses from related entities included in consolidated financial statements 385,357 reclass of affiliate service allocation -3,500,000 reclass of transfer of endowment to yu -2,664,081 ---------------- -1,895,411

Schedule D, Part XII, Line 4B

Other expenses included on form 990 but not on audited financial statement: reclass of scholarships 75,378,508

Fin 48 Position

Effective july 1, 2007, the university 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 university's consolidated financial statements as a result of the adoption of fin 48 in the year of adoption or in this reporting year. Text of june 30, 2017 fin 48 (asc 740) footnote: management assesses its income tax position each year to determine whether it is more likely than not to be sustained by an applicable taxing authority. This review for fiscal year 2017 had no material impact on the consolidated financial statements.

Schedule D, Part V, Endowment Funds, Line 1E

In fy 2015, other expenditures for facilities and programs includes the transfer by yeshiva university of approximately $371 million of einstein related endowment assets to the albert einstein college of medicine, inc., the newly formed nonprofit tax-exempt entity formed as part of the joint collaboration agreement with montefiore medicine academic health system. Montefiore medicine academic health system and yeshiva university are the sole members of the albert einstein college of medicine, inc. In fy 2014, other expenditures for facilities and programs primarily included the transfer of certain previously quasi-endowed funds to non-endowed funds, of which a portion was withdrawn for operating program support.

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IRS990/Form990PartVIISectionAGrp/PersonNm0RICHARD JOEL
IRS990/Form990PartVIISectionAGrp/PersonNm1MOSHAEL J STRAUS
IRS990/Form990PartVIISectionAGrp/PersonNm2DAVID S GOTTESMAN
IRS990/Form990PartVIISectionAGrp/PersonNm3ROBERT M BEREN
IRS990/Form990PartVIISectionAGrp/PersonNm4MORRY J WEISS
IRS990/Form990PartVIISectionAGrp/PersonNm5MORDECAI D KATZ
IRS990/Form990PartVIISectionAGrp/PersonNm6LUDWIG BRAVMANN
IRS990/Form990PartVIISectionAGrp/PersonNm7HENRY KRESSEL
IRS990/Form990PartVIISectionAGrp/PersonNm8PHILIP FRIEDMAN
IRS990/Form990PartVIISectionAGrp/PersonNm9IRA M MITZNER
IRS990/Form990PartVIISectionAGrp/PersonNm10JACK A BELZ
IRS990/Form990PartVIISectionAGrp/PersonNm11JULIUS BERMAN
IRS990/Form990PartVIISectionAGrp/PersonNm12MARVIN S BIENENFELD
IRS990/Form990PartVIISectionAGrp/PersonNm13MARJORIE DIENER BLENDEN
IRS990/Form990PartVIISectionAGrp/PersonNm14SENDER Z COHEN
IRS990/Form990PartVIISectionAGrp/PersonNm15MICHAEL GAMSON
IRS990/Form990PartVIISectionAGrp/PersonNm16DR FELIX L GLAUBACH
IRS990/Form990PartVIISectionAGrp/PersonNm17ELLIOT GIBBER
IRS990/Form990PartVIISectionAGrp/PersonNm18FANYA GOTTESFELD HELLER
IRS990/Form990PartVIISectionAGrp/PersonNm19ALAN E GOLDBERG
IRS990/Form990PartVIISectionAGrp/PersonNm20MICHAEL JESSELSON
IRS990/Form990PartVIISectionAGrp/PersonNm21MARCOS D KATZ
IRS990/Form990PartVIISectionAGrp/PersonNm22MATTHEW J MARYLES
IRS990/Form990PartVIISectionAGrp/PersonNm23JOSHUA L MUSS

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$997$507$490$394$428$33.6
2023Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1,000$487$513$382$391$8.27
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$959$427$532$386$360$25.4
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,047$435$612$355$337$18.1
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$875$384$491$314$347$33.2
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$917$393$525$339$334$4.84
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$969$412$556$274$334$60.6
2017Detailed filing. Detailed filing data is available for this year.$1,031$434$597$320$308$12.6
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,068$507$561$317$376$59.1
2015Detailed filing. Detailed filing data is available for this year.$1,883$704$1,179$583$789$206
2014Detailed filing. Detailed filing data is available for this year.$2,069$683$1,386$704$855$152
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2,195$708$1,488$705$803$98.1
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2,188$648$1,540$777
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2,042$529$1,513$760
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2,041$519$1,522$752