Civic Intelligence

Yeshiva University

990 • Fiscal year 2018 • EIN 13-1624225

Jul 01, 2017 to Jun 30, 2018 • Filed on May 13, 2019

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

62nd percentile

0.43x

Higher debt load relative to assets than 62% of similar nonprofits.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2018

Liabilities / Revenue

83rd percentile

1.51x

Higher debt load relative to revenue than 83% of similar nonprofits.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2018

Net Margin

6th percentile

-22%

Higher net margin than 6% of similar nonprofits.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2018

Top Officer Pay

85th percentile

$2,169,403

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2018

Asset Growth

11th percentile

-6.1%

Faster asset growth than 11% of similar nonprofits.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2017 to 2018

Revenue Growth

10th percentile

-15%

Faster revenue growth than 10% of similar nonprofits.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2017 to 2018

Assets

Down

$968,596,074

Down $62,718,880 (-6.1%) from 2017

Net Assets

Down

$556,414,621

Down $40,495,780 (-6.8%) from 2017

Liabilities

Down

$412,181,453

Down $22,223,100 (-5.1%) from 2017

Revenue

Down

$273,660,340

Down $46,668,634 (-15%) from 2017

Expenses

Up

$334,233,640

Up $26,531,392 (+8.6%) from 2017

Net Income

Down

-$60,573,300

Down $73,200,026 (-580%) from 2017

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

2018

Assets$968,596,074
Liabilities$412,181,453
Net Assets$556,414,621

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

2018

Revenue$273,660,340
Expenses$334,233,640
Net Income-$60,573,300
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 13, 2019
Return Version
2017v2.3
Gross Receipts
$594,258,755
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$319,578,447$382,317,535▲ $62,739,088
Land, Buildings, and Equipment, Net$202,782,413$192,831,688▼ $9,950,725
Investments in Publicly Traded Securities$254,518,408$172,449,054▼ $82,069,354
Pledges and Grants Receivable$69,464,172$51,179,890▼ $18,284,282
Investments Program Related$34,675,358$34,415,264▼ $260,094
Prepaid Expenses and Deferred Charges$20,357,078$27,667,659▲ $7,310,581
Savings and Temporary Cash Investments$23,323,841$12,330,099▼ $10,993,742
Cash and Non-Interest-Bearing Accounts$4,747,101$3,127,919▼ $1,619,182
Other Notes and Loans Receivable, Net$1,218,526$1,052,436▼ $166,090
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$1,031,314,954$968,596,074▼ $62,718,880
Other Assets Total$100,649,610$91,224,530▼ $9,425,080
Liabilities
Tax Exempt Bond Liabilities$158,985,000$150,510,000▼ $8,475,000
Mortgage Notes Payable Secured by Investment Property$140,652,501$140,291,738▼ $360,763
Other Liabilities$97,527,976$86,974,409▼ $10,553,567
Accounts Payable and Accrued Expenses$32,284,212$30,624,938▼ $1,659,274
Deferred Revenue$4,954,864$3,780,368▼ $1,174,496
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$434,404,553$412,181,453▼ $22,223,100
Net Assets / Fund Balance
Permanently Rstr Net Assets$430,526,948$419,787,665▼ $10,739,283
Temporarily Rstr Net Assets$177,509,221$173,717,939▼ $3,791,282
Unrestricted Net Assets$-11,125,768$-37,090,983▼ $25,965,215
Total Net Assets Fund Balance$596,910,401$556,414,621▼ $40,495,780
Total Liabilities and Net Assets / Fund Balance$1,031,314,954$968,596,074▼ $62,718,880

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$171,444,019$215,652,515$387,096,534
Equipment$7,835,583$23,762,774$31,598,357
Land$13,552,086-$13,552,086
Leasehold Improvements$0$0$0
Other Assets Org$14,986,443--
Other Securities$382,317,535--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$473,543,139$4,686,051▲ $28,674,036$12,615,677$481,708,396
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Richard JoelFormer PresidentFT$660,234$1,509,169$2,169,403
Andrew J LauerVP/secty/general CounselFT$524,333$227,638$751,971
Jacob HarmanVP Business Affairs - CFOFT$525,000$63,065$588,065
Rabbi Dr Ari D BermanTrustee/president Began 3/2017FT$472,913$109,687$582,600
Ahron HerringChief Investment OfficerFT$390,762$121,030$511,792
Rabbi Joshua JosephSenior VPFT$350,576$124,373$474,949
Melanie LeslieDean - Cardozo Law SchoolFT$376,081$43,282$419,363
David RudenstineProfessorFT$381,512$13,399$394,911
Stewart SterkProfessor/directorFT$324,309$35,959$360,268
Selma BotmanProvost - VP Academic AffairsFT$350,000$10,016$360,016
Myriam GillesProfessor - Vice DeanFT$321,115$37,081$358,196
Edward D SteinProfessor/directorFT$322,490$34,246$356,736
James VasquezChief Information OfficerFT$278,058$66,986$345,044
Herbert DobrinskyVP University AffairsFT$285,369$41,950$327,319
Daniel FormanFormer VP DevelopmentFT$200,567$32,020$232,587
Alyssa HermanVP Institutional AdvancementFT$174,937$20,834$195,771
Allen SpiegelVP Medical Affairs/deanPT$161,782-$161,782
Morton LowengrubFormer Provost/senior VPFT$127,937$27,393$155,330
Seth MoskowitzFormer VP Inst Adv Apr 2017FT$147,213-$147,213

Board Members and Trustees

NameTitle
Moshael J StrausBoard Chairman/trustee
David S GottesmanChair Emeritus/trustee
Henry KresselChair Emeritus/trustee
Morry J WeissChair Emeritus/trustee
Robert M BerenChair Emeritus/trustee
Ira M MitznerVice Chairman/trustee
Ludwig BravmannVice Chairman/trustee
Mordecai D KatzVice Chairman/trustee
Philip FriedmanVice Chairman/trustee
Michael JesselsonTreasurer - Trustee
Alan GoldbergTrustee
Andrew HerensteinTrustee
Daniel a SchwartzTrustee
David P SamsonTrustee
Dr Felix L GlaubachTrustee
Dr Lewis RubinTrustee
Elliot GibberTrustee
Ira LipmanTrustee
Irwin ShapiroTrustee
J Philip RosenTrustee
Jack a BelzTrustee
Jay SchottensteinTrustee
Joel M SchreiberTrustee
Joshua L MussTrustee
Julius BermanTrustee
Laizer KornwasserTrustee
MARJORIE DIENER BlENDENTrustee
Mark SilberTrustee
Mark WilfTrustee
Marvin S BienenfeldTrustee
Matthew J MarylesTrustee
Michael GamsonTrustee
Naomi AzrieliTrustee
Sender Z CohenTrustee
Shira YoshorTrustee
Zygmunt WilfTrustee
Fanya Gottesman HellerTrustee-deceased October 2017

Highest Paid Contractors

ContractorServicesLocationCompensation
Ellucian Company LLPIt Services62578 COLLECTIONS CENTER DRIVE, Chicago, IL 60693$10,025,688
Securitas Security ServicesSecurity Services1412 BROADWAY, New York, NY 10018$9,872,410
Techline Construction LLCConstruction69 STARBUCK STREET, Staten Island, NY 10304$2,149,936
Pricewaterhousecoppers LLPAccounting Services3109 W DR MLK JR BLVD, Tampa, FL 33607$1,398,743
Supreme LogisticsTransportation1015 SAW MILL RIVER ROAD, Yonkers, NY 10710$1,214,710
Revenue and Support

Revenue Composition

Contributions and Grants
$37,936,478
Program Service Revenue
$212,478,293
Investment Income
$17,956,899
Other Revenue
$5,288,670
All Other Contributions
$29,567,697
Change in Net Assets
$-60,573,300

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 Traded54$1,333,758Fair Market Value (FMV)
Total Noncash Contributions54$1,333,758-

Audited Revenue Reconciliation

Revenue per Audited Statements
$270,896,219
Revenue Not Reported on Financial Statements
$2,764,121
Revenue Not Reported on Form 990
$-62,752,517
Other Revenue Adjustments
$-77,859
Total Revenue per Audited Statements
$208,143,702
Total Revenue per Form 990
$273,660,340
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$121,304,472
Other Expenses$119,380,957
Grants and Similar Amounts Paid$93,020,499
Total Fundraising Expense$8,890,522
Professional Fundraising Fees$527,712

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$80,280,616$7,421,705$5,068,994$92,771,315
Grants to Domestic Individuals$88,209,736--$88,209,736
Other Employee Benefits$12,442,582$1,157,449$868,087$14,468,118
Interest$11,191,551$2,625,179-$13,816,730
Depreciation Depletion$10,022,975$2,351,068-$12,374,043
Information Technology$9,738,958$2,313,003$121,737$12,173,698
Occupancy$7,049,616$1,653,744$554$8,703,914
Payroll Taxes$5,941,921$552,737$414,553$6,909,211
Office Expenses$4,961,306$1,267,098$440,531$6,668,935
Other Expenses$3,202,623$808,979$246,180$4,257,782
Foreign Grants$4,184,689--$4,184,689
Current Officers, Directors, Trustees, and Key Employees$3,370,500$374,500$365,000$4,110,000
Travel$2,757,630$665,571$79,804$3,503,005
Pension Plan Contributions$2,619,412$243,666$182,750$3,045,828
All Other Expenses$1,989,945$572,095$448,984$3,011,024
Fees for Services Other$2,926,845--$2,926,845
Fees for Service Investment Mgmnt Fees-$2,841,980-$2,841,980
Insurance$2,221,758$521,153-$2,742,911
Advertising$1,044,317$270,918$110,650$1,425,885
Fees for Services Accounting-$1,358,294-$1,358,294
Fees for Services Legal-$966,091-$966,091
Conferences and Meetings$573,630$135,896$5,717$715,243
Grants to Domestic Orgs$626,074--$626,074
Fees for Services Professional Fundraising--$527,712$527,712
Fees for Services Lobbying-$120,345-$120,345
Total Functional Expenses$289,184,543$36,158,575$8,890,522$334,233,640

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$334,233,640
Total Expenses per Audited Statements$248,250,233
Expenses per Audited Statements$246,385,129
Expenses Not Reported on Financial Statements$87,848,511
Other Expense Adjustments$85,006,531
Expenses Not Reported on Form 990$1,865,104
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Innocence ProjectNew York, NY501(c)(3)Public Policy$322,993
Hebrew Union CollegeCincinnati, OH501(c)(3)Education$148,572
Bronx DefendersBronx, NY501(c)(3)Education$93,000
Council on Social WorkAlexandria, VA501(c)(3)Education$20,924
iNSTITUTE FOR URBAN FAMILY HEALTHNew York, NY501(c)(3)Education$15,585
American Friends of Reuth Medical CenterNew York, NY501(c)(3)Charitable$10,000
Jewish CenterNew York, NY501(c)(3)Religious$7,500
Margolin Hebrew AcademyMemphis, TN501(c)(3)Education$7,500

International Summary

Offices
2
Employees
17
Spending
$98,787,255

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--$90,895,275
Middle East and North AfricaGrantmakingN/a110$3,887,392
Europe (Including Iceland and Greenland)InvestmentsN/a--$2,590,222
Middle East and North AfricaProgram ServicesEducation11$652,811
Middle East and North AfricaInvestmentsN/a-4$311,301
North AmericaGrantmakingN/a-1$297,297
East Asia and the PacificProgram ServicesEducation--$57,560
Europe (Including Iceland and Greenland)Program ServicesEducation-1$40,277
North AmericaProgram ServicesEducation, Fundraising--$38,545
South AsiaProgram ServicesEducation--$16,575
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$622,225
Professional Fundraising Fees$527,712
Fundraising Gross Income$245,469
Gaming Direct Expenses$0
Gaming Gross Income$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Csl Public Svc$442,154$152,759$84,542$68,217
Hanukkah Dinner$2,951,488$55,550$100,509$-44,959
Total Events$3,477,054$245,469$622,225$-376,756
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

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.$58,383,375
457b Plan Dfd Compensation Lia$10,484,803
Asset Retirement Obligation$9,403,151
Refundable Advances From US Go$4,826,034
Due to Bcbs$2,250,000
Other Liabilities$971,298
Life Income Liabilities$655,748

Bond Issues

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

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$142,206,373$16,773,696$12,820,000$1,495,130
B$93,390,365$45,027,516$6,545,000$1,568,989

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
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 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

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
% JACOB HARMAN
Phone
6465924005
Address
500 WEST 185TH STREET, NEW YORK, NY 10033

Signing Officer

Name
Rabbi Dr Ari D Berman
Title
CFO-VP
Phone
6465924005
Signed
2019-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rabbi Dr Ari D Berman
Formed
1897
Legal Domicile
Ny
Voting Board Members
37
Independent Board Members
36
Employees
2,738
Volunteers
36

Preparer

Firm
PricewaterhouseCoopers LLP
Address
300 Madison Avenue, New York, NY 10017
Preparer
Ying Li
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 stands at the educational, spiritual and intellectual epicenter of a robust movement that is dedicated to advancing the moral and material betterment of the jewish community and broader world. Our aim is to ensure that all who set foot in yeshiva university - students, staff, faculty, alumni or friends, are transformed by the experience and inspired to create a brighter tomorrow. Yeshiva university is a unique ecosystem of educational institutions and resources that prepares the next generation of leaders for great success in their personal and professional lives, endowing them with both the will and wherewithal to transform the jewish world and broader society for the better. In september 2017, rabbi dr. 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.

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 6,800 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 3,000 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, nursing, and math and science and education. 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. Devoted teachers, leading scholars and spiritual mentors of the highest quality guide yeshiva university students in their study of talmud, bible, hebrew, jewish history, jewish philosophy and ethics and halacha (jewish law). Formal classroom and beit medrash chavruta (partnering in study hall) 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. Undergraduate students are offered four unique programs grounded in classical talmud torah to accomodate their specific background, goals, and aspirations. 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. The undergraduate women learn at the rebecca ivry department of jewish studies, which offers the country's largest and most diverse undergraduate jewish studies program for women. For many students, the s. Daniel abraham israel program is a valuable and enriching experience, where living and learning in the jewish homeland, being immersed in the world of yeshiva and seminary, and engaging in intense jewish studies are integral parts of daily life. A formal arrangement between yeshiva university and more than 40 instutions in israel for men and women, the program provides structure, guidance and assistance for more than 600 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. Yeshiva university in israel representatives 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. Yeshiva university is also affiliated with one of the nation's top medical schoo

PROGRAM SERVICES (CONT'D)

The azrieli graduate school of jewish education and administration is the premier center for aspiring jewish educators as either teachers, curriculum developers or educational leaders, and offers an internationally recognized faculty, innovative coursework, collaborative research, intensive field experience and professional mentoring. The school awards two masters of science degrees in jewish education in either teaching or curriculum development and offers substantial flexibility to allow all jewish educators to advance their learning either at the new york 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 or a masters combined with semicha (rabbinical ordination). 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 masters and doctoral programs with concentrations in bible, talmudic studies, ancient jewish history, medieval jewish history, modern jewish history, and jewish philosophy and mysticism. 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, trauma practice and palliative care 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 the body of knowledge in practice research. Stern college for women

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 examine jewish communities, culture,and history, and present the works of emerging and established artists. The museum partners with yu faculty to provide a wide range of programs open to the public, including conferences, workshops and lectures. 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's (cjf) mission is to shape, enrich and inspire the contemporary jewish community by convening the resources of yeshiva university and; infusing students with a spirit of leadership and responsibility to the jewish people and society in general, building, cultivating, and supporting, communities and their lay and rabbinic leaders, and creating a global movement that promotes the values of yeshiva university. The center for israel studies is an expression of the longstanding relationship between yeshiva university and the land and the state of israel. The center nurtures excellence in interdisciplinary scholarship and the teaching of israel throughout history and across disciplines with a keen focus on the modern state. 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. 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 $ -37,315 elimination of expenses of separately incorporated real estate entities -49,458 _______________ total $ -86,773

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 -85,006,531 change in fmv of split interest agreements -37,315 revenue from related entities included in consolidated financial statements 2,127,036 _____________ total -82,916,810

Schedule D, Part XI, Line 4B

Other revenue included on form 990 but not on audited financial statements: reclass of rental expenses -4,364,583 reclass of fundraising event expenses -622,225 reclass of distribution from yeshiva endowment fdn 1,308,949 reclass of affiliate service allocation 3,600,000 ----------- -77,859

Schedule D, Part XII, Line 2D

Other expenses included on audited financial statements but not form 990: reclass of rental expenses 4,364,583 reclass of fundraising event expenses 622,225 expenses from related entities included in consolidated financial statements 478,296 reclass of affiliate service allocation -3,600,000 ---------------- 1,865,104

Schedule D, Part XII, Line 4B

Other expenses included on form 990 but not on audited financial statement: reclass of scholarships 85,006,531

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, 2018 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 2018 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/PersonNm0MOSHAEL J STRAUS
IRS990/Form990PartVIISectionAGrp/PersonNm1ROBERT M BEREN
IRS990/Form990PartVIISectionAGrp/PersonNm2DAVID S GOTTESMAN
IRS990/Form990PartVIISectionAGrp/PersonNm3HENRY KRESSEL
IRS990/Form990PartVIISectionAGrp/PersonNm4MORRY J WEISS
IRS990/Form990PartVIISectionAGrp/PersonNm5LUDWIG BRAVMANN
IRS990/Form990PartVIISectionAGrp/PersonNm6PHILIP FRIEDMAN
IRS990/Form990PartVIISectionAGrp/PersonNm7MORDECAI D KATZ
IRS990/Form990PartVIISectionAGrp/PersonNm8IRA M MITZNER
IRS990/Form990PartVIISectionAGrp/PersonNm9MICHAEL JESSELSON
IRS990/Form990PartVIISectionAGrp/PersonNm10NAOMI AZRIELI
IRS990/Form990PartVIISectionAGrp/PersonNm11JACK A BELZ
IRS990/Form990PartVIISectionAGrp/PersonNm12JULIUS BERMAN
IRS990/Form990PartVIISectionAGrp/PersonNm13MARVIN S BIENENFELD
IRS990/Form990PartVIISectionAGrp/PersonNm14MARJORIE DIENER BlENDEN
IRS990/Form990PartVIISectionAGrp/PersonNm15SENDER Z COHEN
IRS990/Form990PartVIISectionAGrp/PersonNm16MICHAEL GAMSON
IRS990/Form990PartVIISectionAGrp/PersonNm17ELLIOT GIBBER
IRS990/Form990PartVIISectionAGrp/PersonNm18DR FELIX L GLAUBACH
IRS990/Form990PartVIISectionAGrp/PersonNm19ALAN GOLDBERG
IRS990/Form990PartVIISectionAGrp/PersonNm20FANYA GOTTESMAN HELLER
IRS990/Form990PartVIISectionAGrp/PersonNm21ANDREW HERENSTEIN
IRS990/Form990PartVIISectionAGrp/PersonNm22LAIZER KORNWASSER
IRS990/Form990PartVIISectionAGrp/PersonNm23IRA LIPMAN
IRS990/Form990PartVIISectionAGrp/PersonNm24MATTHEW J MARYLES
IRS990/Form990PartVIISectionAGrp/PersonNm25JOSHUA L MUSS
IRS990/Form990PartVIISectionAGrp/PersonNm26J PHILIP ROSEN
IRS990/Form990PartVIISectionAGrp/PersonNm27DR LEWIS RUBIN
IRS990/Form990PartVIISectionAGrp/PersonNm28DAVID P SAMSON

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
2018Detailed filing. Detailed filing data is available for this year.$969$412$556$274$334$60.6
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$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