Yeshiva University High Schools

“The yeshiva university high schools' form 990 was reviewed and signed by an independent accounting firm based on a draft return prepared by the high schools' finance staff and director of tax. The draft return was reviewed by the high schools' senior vice president, chief financial officer and general counsel. The final version of the form 990 was made available to the board of trustees via a secure web site prior to filing with the internal revenue service. The form 990, as filed, is made available to the public in accordance with internal revenue service rules and regulations.”

“The officers and board members of the yeshiva university high schools are subject to the following conflict of interest policy and procedures: the policy applies to all members of the high schools' board of trustees and board committees, officers and key employees of the high school and select employees 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 high school and avoid circumstances in which their financial or other ties to outside entities could present an actual, potential or apparent conflict of interest or impair the high schools' reputation. Further, all covered persons are not to engage in business with the high school. In the case of a rare exception, a governance committee has been established to review the facts and, if it is in the high schools' 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 conflicts waiver 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. 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 the disclodsure statements of covered persons and a system for monitoring current, pending and proposed transactions for potential interested 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, high school employees are also subject to additional conflict of interest reporting requirements as set forth in the employee handbook.”

“The compensation of all employees earning in excess of a specified threshold salary level, as well as all of the high schools' officers and key employees, is reviewed by yeshiva university's and the high schools' 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 and form 990 salary disclosures from other organizations. Contemporaneous documentation of the committee's deliberation and decisions are made a part of the committee's written minutes.”

“The high schools does not currently make its governing documents, conflict of interest policy or audited financial statements available to the public. The high schools does make its form 990 and 990-t available to the public in accordance with internal revenue service rules and regulations.”

“Andrew lauer (officer) and harvey wrubel (trustee) have a family relationship. Miriam goldberg (trustee) and alan goldberg (trustee) have a family relationship.”

“The average hours per week listed for the key employees and highest paid employees represent the high schools' official work week. However, in practice, such individuals work significantly more hours per week and are expected to be available for high schools business at all times other than the sabbath and jewish holidays.”

“Yeshiva university high school for boys: guided by the vision of the rav, zt"l, and his premier talmidim who now lead our yeshiva, yuhsb stands for excellence in chinuch, defined by the achievement of significant accomplishments in torah learning and an unwavering commitment to the torah way of life, by a serious and rigorous approach to the study of science and the humanities, and by the instilling of a strong and passionate love for eretz yisrael and a genuine sense of concern for every member of klal yisrael and for all of hashem's creations. Yeshiva university high school for girls: our distinguished history in jewish education dates back to 1948. Our vision is as innovative and creative as the 21st century itself. The spiritual and academic life of yeshiva university high school for girls is built upon the philosophy or torah u'madda l'khatchila. We believe that the synthesis of jewish law and life and the wisdom of world civilization results in a heightened and enriched judaism. Our mission directs our students to be knowledgeable, halakhically committed jews and broadly educated, intellectually curious, and caring members of society. As life long learners, our students develop a personal devotion g-d, torah learning, integrity and committment to ethical behavior. Identification with the destiny of our fellow jews around the world, loyalty to eretz yisrael, and recognition of the modern state of israel as the spiritual homeland of the jewish people and the fulfillment of a religious zionist vision, are all cornerstones of our program. Our commitment to torah u'madda requires students to pursue all academic studies with the intent of achieving a greater understanding of the world, reaching for personal scholastic achievement, and making a lasting difference in our community.”

“In addition to the board members who serve without compensation, the high schools utilizes many volunteers in the conduct of its activities, however, it does not track the number of these additional volunteers.”

“Subsidy from yeshiva university $2,391,273 change in unrealized value of trust $ 269 total $2,391,542”

“THE LEGAL FEES OF $242,482 REPORTED ON LINE 11B PRIMARILY REPRESENT COSTS INCURRED IN CONNECTION WITH THE LAWSUIT BROUGHT IN JULY 2013 BY FORMER STUDENTS OF THE YESHIVA UNIVERSITY HIGH SCHOOL FOR BOYS. THE LITIGATION ALLEGED ABUSE DURING THE 1970s AND 1980s BY FORMER BOYS HIGH SCHOOL EMPLOYEES AND SOUGHT DAMAGES OF OVER $680 MILLION. IN JANUARY 2014, THE HIGH SCHOOLS' MOTION TO DISMISS THE CASE WAS GRANTED BASED UPON THE STATUTE OF LIMITATIONS AND OTHER DEFENSES, AND THE CASE WAS DISMISSED WITH PREJUDICE. THE PLAINTIFFS APPEALED SUCH DISMISSAL AND LOST THE APPEAL BEFORE THE SECOND CIRCUIT COURT OF APPEALS. THE PLAINTIFF'S SUBSEQUENT REQUEST FOR REVIEW BY THAT COURT AND THEIR REQUEST FOR CERTTIORI TO THE UNITED STATES SUPREME COURT WAS ALSO DENIED. PLAINTIFFS FILED YET ANOTHER ACTION IN NEW YORK COUNTY STATE COURT ASSERTING THE SAME AND RELATED CLAIMS AND ALSO BROUGHT A CLAIM AGAINST THE SCHOOLS ON BEHALF OF THE PARENTS OF ONE OF THE ALLEGED VICTIMS, CLAIMING EMOTIONAL DAMAGES. THAT CASE HAS ALSO BEEN DISMISSED, WHICH DISMISSAL WAS UPHELD BY THE SECOND CIRCUIT. IN ALL SUCH CASES, THE HIGH SCHOOLS INTENDS TO CONTINUE TO VIGOROUSLY DEFEND ITSELF AND BELIEVES THAT ALL PREVIOUSLY ISSUED DISMISSALS WILL BE UPHELD. THE HIGH SCHOOLS HAS UTILIZED LEGAL COUNSEL APPROVED BY ITS INSURANCE CARRIERS AND BELIEVE THERE SHOULD BE SUFFICIENT COVERAGE SUCH THAT A NEGATIVE OUTCOME WILL NOT HAVE A MATERIAL FINANCIAL IMPACT. THE HIGH SCHOOLS HAS BEEN ADVISED BY ITS COUNSEL THAT THE PLAINTIFF'S COUNSEL IS NOT PURSUING ANY FURTHER APPEALS OR PROCEEDINGS.”

“Beginning january 1, 2013, the high schools authorized yeshiva university to be its common pay agent for federal and state employment tax reporting and paying purposes. Accordingly, yeshiva university filed all of the high schools employment tax returns with the irs and new york, including forms w-2 and w-3. In addition, since yeshiva university performs the accounts payable and procurement functions on behalf of the high schools, yeshiva filed forms 1099 and 1096 on behalf of the high schools. Accordingly, the high schools form 990, part v, questions 1a and 1b are reported as zero even though the high schools does employ its own employees and reports its own independent contractors on part vii, section b.”