New York Law School
- Assets
- $345.9m
- Revenue
- $82.2m
- Investments
- $32.2m
- Employees
- 673
- Location
- New York, NY
- Founding
- 03/1935
- Data as of
- 06/2021
- EIN
- 13-5645885
Organization Overview
New York Law School is located in New York, NY. The organization was established in 1935. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 06/2021, New York Law School employed 673 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York Law School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, New York Law School generated $82.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $82.7m during the year ending 06/2021. While expenses have increased by 0.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF NEW YORK LAW SCHOOL IS TO PROVIDE ITS STUDENTS WITH KNOWLEDGE, SKILL (SEE SCHEDULE O) AND ETHICAL VALUES NEEDED FOR A CAREER IN LAW.
Describe the Organization's Program Activity:
HIGHER EDUCATION INSTRUCTION: TO OFFER A VIBRANT, DIVERSE, AND FORWARD-THINKING CENTER OF LEGAL STUDIES WHERE STUDENTS DEVELOP THE KNOWLEDGE, SKILLS, AND PROFESSIONAL VALUES TO SERVE THEIR CLIENTS AND HAVE SUCCESSFUL CAREERS ADVANCING JUSTICE, BUILDING THE ECONOMY, AND SERVING THE VARIOUS NEEDS OF MODERN SOCIETY. 1090 STUDENTS ENROLLED IN THE JD AND LLM PROGRAMS. 313 GRADUATED DURING THE 2020/2021 PROGRAM YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony W Crowell Dean And President | OfficerTrustee | 70 | $572,843 |
Mariana Hogan Faculty | 35 | $369,765 | |
Richard Beck Faculty | 35 | $330,545 | |
Carol Buckler Faculty | 35 | $329,833 | |
Lloyd Bonfield Faculty | 35 | $314,567 | |
Gerald Korngold Faculty | 35 | $283,570 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Patterson Belknap Webb & Tyler Legal Services | 6/29/21 | $121,847 |
Berlin Rosen Ltd Consulting | 6/29/21 | $120,000 |
Pieper Bar Review Educational Services | 6/29/21 | $110,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,587,449 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,185,976 |
| Noncash contributions included in lines 1a–1f | $1,012,653 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,773,425 |
| Total Program Service Revenue | $57,074,833 |
| Investment income | $3,339,367 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $215,076 |
| Net Gain/Loss on Asset Sales | $7,612,017 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $82,190,230 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $28,439,061 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,433,275 |
| Compensation of current officers, directors, key employees. | $1,329,512 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,538,878 |
| Pension plan accruals and contributions | $13,459 |
| Other employee benefits | $1,772,692 |
| Payroll taxes | $1,438,635 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $158,817 |
| Fees for services: Accounting | $75,477 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $549,769 |
| Fees for services: Other | $2,183,314 |
| Advertising and promotion | $19,511 |
| Office expenses | $349,242 |
| Information technology | $3,797,430 |
| Royalties | $0 |
| Occupancy | $4,388,758 |
| Travel | $9,370 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $121,166 |
| Interest | $6,406,943 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,463,200 |
| Insurance | $700,727 |
| All other expenses | $224,917 |
| Total functional expenses | $82,685,199 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,392,807 |
| Savings and temporary cash investments | $6,139,028 |
| Pledges and grants receivable | $6,458,584 |
| Accounts receivable, net | $713,293 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $616,186 |
| Inventories for sale or use | $22,510 |
| Prepaid expenses and deferred charges | $583,289 |
| Net Land, buildings, and equipment | $120,428,073 |
| Investments—publicly traded securities | $166,878,411 |
| Investments—other securities | $32,212,883 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,503,847 |
| Total assets | $345,948,911 |
| Accounts payable and accrued expenses | $6,025,751 |
| Grants payable | $1,593,068 |
| Deferred revenue | $363,350 |
| Tax-exempt bond liabilities | $132,361,066 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,578,340 |
| Total liabilities | $158,921,575 |
| Net assets without donor restrictions | $121,836,236 |
| Net assets with donor restrictions | $65,191,100 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $345,948,911 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New York Law School has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
David And Sheila Cornstein Foundation Palm Beach, FL PURPOSE: CHARITABLE | $20,000 |
Endowment Analysis
| Beg. Balance | $43,472,847 |
| Earnings | $10,070,358 |
| Net Contributions | $57,472 |
| Other Expense | $1,315,917 |
| Ending Balance | $52,284,760 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Albert Einstein College Of Medicine Bronx, NY | $1,023,925,401 | $371,509,260 |
Bentley University Waltham, MA | $681,081,992 | $316,624,866 |
Mcphs University Boston, MA | $1,998,877,330 | $374,201,406 |
Teachers College Columbia University New York, NY | $726,324,570 | $250,184,193 |
Feinberg Graduate School Of The Weizmann Institute Of Science New York, NY | $6,818,981 | $172,532,346 |
Philadelphia College Of Osteopathic Medicine Philadelphia, PA | $181,055,167 | $168,282,211 |
New York Medical College Valhalla, NY | $318,677,910 | $119,697,970 |
Lake Erie College Of Osteopathic Medicine Inc Erie, PA | $757,028,043 | $202,994,752 |
Touro University New York, NY | $83,518,573 | $93,950,601 |
New York Law School New York, NY | $345,948,911 | $82,190,230 |
Brooklyn Law School Brooklyn, NY | $395,638,685 | $73,619,300 |
Bank Street College Of Education New York, NY | $91,645,236 | $64,451,080 |