Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
|
Total |
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Calendar year (or fiscal year beginning in) ![]() |
(a) 2016 | (b) 2017 | (c) 2018 | (d) 2019 | (e) 2020 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | ||||||
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | ||||||
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f).. | ||||||
| 6 | Public support. Subtract line 5 from line 4. | ||||||
Calendar year
(or fiscal year beginning in) ![]() |
(a) 2016 | (b) 2017 | (c) 2018 | (d) 2019 | (e) 2020 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | ||||||
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | ||||||
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | ||||||
| 11 | Total support. Add lines 7 through 10 | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2016 | (b) 2017 | (c) 2018 | (d) 2019 | (e) 2020 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2016 | (b) 2017 | (c) 2018 | (d) 2019 | (e) 2020 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
|||||
| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by 0.035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6 Other distributions (describe in Part VI). See instructions | 6 | |
| 7Total annual distributions. Add lines 1 through 6. | 7 | |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | |
| 9 Distributable amount for 2020 from Section C, line 6 | 9 | |
| 10 Line 8 amount divided by Line 9 amount | 10 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2020 |
(iii) Distributable Amount for 2020 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2020 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2019 (reasonable cause required-- explain in Part VI). See instructions. |
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| 3 Excess distributions carryover, if any, to 2020: | ||||
| a From 2015....... | ||||
| b From 2016....... | ||||
| c From 2017....... | ||||
| d From 2018....... | ||||
| e From 2019....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2020 distributable amount | ||||
|
i
Carryover from 2015 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2020 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2020 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2020, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2020. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
7 Excess distributions carryover to 2021. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2016..... | ||||
| b Excess from 2017..... | ||||
| c Excess from 2018..... | ||||
| d Excess from 2019..... | ||||
| e Excess from 2020..... | ||||
| Facts And Circumstances Test |
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| Return Reference | Explanation |
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| Software ID: | |
| Software Version: |
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | DESCRIPTION OF RELATIONSHIPS: LORI FINK, TRUSTEE, & LAURENCE D. FINK, CO-CHAIR, HAVE A FAMILY RELATIONSHIP. THOMAS S. MURPHY, TRUSTEE & THOMAS S. MURPHY JR., VICE CHAIR, HAVE A FAMILY RELATIONSHIP. RONALD O. PERELMAN & DEBRA PERELMAN, TRUSTEES, HAVE A FAMILY RELATIONSHIP. ISAAC PERLMUTTER & LAURA PERLMUTTER, TRUSTEES, HAVE A FAMILY RELATIONSHIP. ALICE M. TISCH & THOMAS J. TISCH, TRUSTEES, HAVE A FAMILY RELATIONSHIP. BARRY SCHWARTZ, RONALD O. PERELMAN, & DEBRA PERELMAN, TRUSTEES, HAVE A BUSINESS RELATIONSHIP. LAURENCE D. FINK, CO-CHAIR & LINDA GOSDEN ROBINSON, TRUSTEE, HAVE A BUSINESS RELATIONSHIP. |
| FORM 990, PART VI, SECTION A, LINE 6 | DESCRIPTION OF CLASSES OF MEMBERS OR STOCKHOLDERS: THE SOLE MEMBER OF NYU LANGONE HOSPITALS IS NYU LANGONE HEALTH SYSTEM. |
| FORM 990, PART VI, SECTION A, LINE 7A | DESCRIPTION OF CLASSES OF PERSONS AND THE NATURE OF THEIR RIGHTS: WITH RESPECT TO THE ELECTION OF THE BOARD OF TRUSTEES OF NYU LANGONE HOSPITALS, NYU LANGONE HEALTH SYSTEM (THE "MEMBER"), AS THE SOLE MEMBER HAS THE POWER AND AUTHORITY: 1. TO ELECT THE TRUSTEES; 2. REMOVE A TRUSTEE; AND 3. FILL ANY VACANCIES IN THE BOARD. ANY ACTION TAKEN BY THE MEMBER MUST BE APPROVED BY NEW YORK UNIVERSITY, THE SOLE VOTING MEMBER OF THE MEMBER, IN ORDER TO BE EFFECTIVE. |
| FORM 990, PART VI, SECTION A, LINE 7B | DESCRIPTION OF CLASSES OF PERSONS, DECISIONS REQUIRING APPROVAL AND THE TYPE OF VOTING RIGHTS: WITH RESPECT TO THE DECISIONS OF THE BOARD OF TRUSTEES OF NYU LANGONE HOSPITALS, NYU LANGONE HEALTH SYSTEM (THE "MEMBER") AS THE SOLE MEMBER, HAS THE POWER AND AUTHORITY OVER THE FOLLOWING MATTERS: 1. ELECTING THE CORPORATION'S BOARD OF TRUSTEES; 2. REMOVING THE CORPORATION'S BOARD OF TRUSTEES; 3. FILLING ANY VACANCIES IN THE CORPORATION'S BOARD OF TRUSTEES; 4. AMENDING OR REPEALING THE BY-LAWS OR ADOPTING NEW BY-LAWS; 5. APPROVING THE CORPORATION'S MERGER OR CONSOLIDATION WITH ANOTHER ENTITY; 6. APPROVING THE SALE, LEASE, EXCHANGE OR OTHER DISPOSITION OF ALL, OR SUBSTANTIALLY ALL, THE ASSETS OF THE CORPORATION; 7. REVIEWING THE VISION, MISSION AND STRATEGIC AND FINANCIAL PLANS OF THE CORPORATION; 8. REVIEWING THE CORPORATION'S ANNUAL OPERATING AND CAPITAL BUDGETS, PROVIDED THAT FINAL APPROVAL OF THE BUDGETS SHALL REMAIN WITH THE CORPORATION; 9. APPROVING ANY TRANSACTION HAVING A VALUE $25,000,000 OR MORE, PROVIDED, THAT FINAL APPROVAL OF HOSPITAL DEBT NECESSARY TO FINANCE THE COST OF COMPLIANCE WITH OPERATION OR PHYSICAL PLANT STANDARDS REQUIRED BY LAW, OR TO IMPLEMENT CERTIFICATE OF NEED APPLICATIONS, SHALL REMAIN WITH THE CORPORATION; 10. APPROVING THE CREATION AND/OR DISSOLUTION OF AN ENTITY IN WHICH THE CORPORATION IS PROPOSED TO BE, OR IS, THE CONTROLLING MEMBER; AND 11. THE EXERCISE BY THE CORPORATION ACTING IN ITS CAPACITY AS DIRECT OR INDIRECT MEMBER, SHAREHOLDER OR PARTNER OF ANY AFFILIATE, SUBSIDIARY OR JOINT VENTURE. ANY ACTION TAKEN BY THE MEMBER MUST BE APPROVED BY NEW YORK UNIVERSITY, THE SOLE VOTING MEMBER OF THE MEMBER, IN ORDER TO BE EFFECTIVE. |
| FORM 990, PART VI, SECTION B, LINE 11B | DESCRIPTION OF THE PROCESS USED BY MANAGEMENT AND/OR GOVERNING BODY TO REVIEW THE FORM 990: 1. THE FINANCE DEPARTMENT DRAFTS THE FORM 990 AND THE ACCOMPANYING SCHEDULES BASED ON THE FISCAL YEAR'S FINANCIAL ACTIVITY. 2. THE DRAFT IS PROVIDED TO THE ORGANIZATION'S EXTERNAL TAX ADVISOR FOR REVIEW. 3. THE DRAFT IS THEN REVIEWED BY THE SENIOR VICE PRESIDENT OF FINANCE AND CHIEF FINANCIAL OFFICER FOR COMPLETENESS AND ACCURACY. THIS IS AN ITERATIVE PROCESS WHICH MAY INVOLVE MORE THAN ONE REVIEW BY THE ORGANIZATION'S EXTERNAL TAX ADVISOR. 4. THE REVIEWED DRAFT IS PRESENTED TO THE BOARD OF TRUSTEES' AUDIT COMMITTEE, AS WELL AS CERTAIN OTHER OFFICERS FOR REVIEW. 5. ONCE APPROVED BY THE AUDIT COMMITTEE, THE FORM 990 IS MADE AVAILABLE TO THE FULL BOARD AND THEN IT IS FORWARDED TO THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | DESCRIPTION OF THE PROCESS TO MONITOR TRANSACTIONS FOR CONFLICTS OF INTEREST: NYU LANGONE HEALTH IS THE NAME OF THE INTEGRATED ACADEMIC MEDICAL CENTER THAT INCLUDES NYU LANGONE HEALTH SYSTEMS, NYU LANGONE HOSPITALS, AND NYU'S GROSSMAN SCHOOL OF MEDICINE AND LONG ISLAND SCHOOL OF MEDICINE. ALL MEMBERS OF THE NYU LANGONE HEALTH COMMUNITY, INCLUDING EMPLOYEES, TRUSTEES, OFFICERS, FACULTY, MEDICAL STAFF, RESIDENTS, FELLOWS, STUDENTS, VOLUNTEERS, TRAINEES, VENDORS, CONTRACTORS, CONSULTANTS, SPONSORED INDIVIDUALS, AND AGENTS, HAVE AN OBLIGATION TO CONDUCT THEIR NYU LANGONE HEALTH DUTIES AND THE AFFAIRS OF NYU LANGONE HEALTH IN THE BEST INTERESTS OF THE ORGANIZATION AND IN COMPLIANCE WITH LEGAL AND REGULATORY REQUIREMENTS AND NYU LANGONE HEALTH POLICIES, INCLUDING ITS CONFLICT OF INTEREST POLICIES (THE "CONFLICTS POLICIES"). IN ADDITION, SPECIFIED MEMBERS OF THE NYU LANGONE HEALTH COMMUNITY HAVE A DUTY TO DISCLOSE ANNUALLY AND ON AN ONGOING BASIS ANY ACTIVITIES OR FINANCIAL INTERESTS THAT MAY PRESENT ACTUAL OR POTENTIAL CONFLICTS OF INTEREST WHERE THOSE INTERESTS COULD, OR HAVE THE POTENTIAL TO, INFLUENCE ONE'S ABILITY TO PERFORM THEIR JOBS IN THE BEST INTERESTS OF NYU LANGONE HEALTH. DISCLOSURE PROCESS IN ACCORDANCE WITH THE CONFLICTS POLICIES, THE FOLLOWING MEMBERS OF THE NYU LANGONE HEALTH COMMUNITY ARE REQUIRED TO SUBMIT TO THE CONFLICTS OF INTEREST MANAGEMENT UNIT ("CIMU") A CONFLICTS DISCLOSURE STATEMENT UPON APPOINTMENT OR HIRE AND ANNUALLY THEREAFTER; THEY ALSO HAVE AN ONGOING OBLIGATION THROUGHOUT THE YEAR TO DISCLOSE ACTUAL OR POTENTIAL CONFLICTS AS THEY MAY ARISE. MEMBERS OF THE NYU LANGONE HEALTH COMMUNITY REQUIRED TO PROVIDE CONFLICTS DISCLOSURES INCLUDE: - TRUSTEES, OFFICERS, AND KEY PERSONS - THE DEAN/CEO AND MEMBERS OF THE EXECUTIVE LEADERSHIP TEAM - CHAIRS, VICE CHAIRS, VICE PRESIDENTS, ASSOCIATE AND ASSISTANT DEANS, DEPARTMENT AND DIVISION ADMINISTRATORS - EMPLOYEES AT THE DIRECTOR LEVEL AND ABOVE - FULL-TIME FACULTY MEMBERS AND PART-TIME EMPLOYED FACULTY MEMBERS - ANYONE RESPONSIBLE FOR THE DESIGN, CONDUCT, OR REPORTING OF RESEARCH OR OTHER SPONSORED PROJECTS (I.E., INVESTIGATORS AND OTHER KEY RESEARCH PERSONNEL) - SUPPLY CHAIN MANAGEMENT/PURCHASING EMPLOYEES AND ANYONE INVOLVED IN PURCHASING DECISIONS AND/OR CONTRACT NEGOTIATIONS ON BEHALF OF NYU LANGONE HEALTH - MEMBERS OF OVERSIGHT COMMITTEES RELATED TO PATIENT CARE, PURCHASING, RESEARCH, OR EDUCATION - EMPLOYEES OF THE OFFICE OF AUDIT, COMPLIANCE, AND ENTERPRISE RISK MANAGEMENT, THE OFFICE OF GENERAL COUNSEL, THE OFFICE OF GOVERNMENT AFFAIRS, AND CERTAIN MEMBERS OF THE OFFICE OF SCIENCE AND RESEARCH AS PART OF THE DISCLOSURE PROCESS, MEMBERS OF THE NYU LANGONE HEALTH COMMUNITY ARE REQUIRED TO CERTIFY COMPLIANCE WITH THE APPLICABLE CONFLICTS POLICIES. THE OFFICE OF GENERAL COUNSEL ("OGC") REVIEWS CONFLICTS DISCLOSURES WITH RESPECT TO TRUSTEES, OFFICERS, AND KEY PERSONS. IN CASES OF AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST, IN CONSULTATION WITH THE CHAIR OF THE AUDIT AND COMPLIANCE COMMITTEE (THE "ACC"), OGC SUBMITS THE CONFLICT TO THE ACC FOR REVIEW AND EVALUATION; IF THE ACC DETERMINES THAT A CONFLICT EXISTS, THE ACC ADOPTS A PLAN TO MANAGE, REDUCE, OR ELIMINATE THE CONFLICT. IN THE CASE OF RELATED PARTY TRANSACTIONS UNDER NEW YORK LAW, THE TRANSACTION MAY NOT BE ENTERED INTO UNLESS THE ACC DETERMINES THAT THE TRANSACTION IS FAIR, REASONABLE, AND IN THE BEST INTERESTS OF NYU LANGONE HEALTH. IN CERTAIN INSTANCES AS REQUIRED PURSUANT TO THE CONFLICTS POLICIES, THE CONFLICT MUST ALSO BE REVIEWED AND EVALUATED BY NYU'S AUDIT AND COMPLIANCE COMMITTEE. FOR ALL OTHER MEMBERS OF THE NYU LANGONE HEALTH COMMUNITY, CIMU IS RESPONSIBLE FOR REVIEWING AND EVALUATING CONFLICTS DISCLOSURES AND FOR DETERMINING WHETHER A REAL OR POTENTIAL CONFLICT OF INTEREST EXISTS UNDER THE CIRCUMSTANCES. IN CASES WHERE THERE IS AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST, CIMU MAY ISSUE A MANAGEMENT PLAN TO MANAGE, REDUCE, OR ELIMINATE THE CONFLICT OR SUBMIT THE MATTER FOR FURTHER REVIEW TO NYU LANGONE HEALTH'S BUSINESS CONFLICT OF INTEREST COMMITTEE ("BCOIC") OR BCOIC SUBCOMMITTEE IN ACCORDANCE WITH THE CONFLICTS POLICIES. MEMBERS OF THE NYU LANGONE HEALTH COMMUNITY WITH ACTUAL OR POTENTIAL CONFLICTS ARE NOT PERMITTED TO PARTICIPATE IN THE DELIBERATION OF ANY MATTER THAT GIVES RISE TO THE REAL OR POTENTIAL CONFLICT OF INTEREST. |
| FORM 990, PART VI, SECTION B, LINE 15 | LINES 15A AND 15B: OFFICES AND POSITIONS FOR WHICH PROCESS WAS USED AND YEAR PROCESS WAS BEGUN: THE EXECUTIVE COMPENSATION PROCESS AT NYU LANGONE HOSPITALS ("NYULH") IS ADMINISTERED BY A COMMITTEE OF TRUSTEES THAT DID NOT HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENTS AT ISSUE. THE COMMITTEE FOLLOWS A BOARD APPROVED CHARTER WHICH EMPOWERS THEM TO ADMINISTER THE EXECUTIVE COMPENSATION PROGRAM AND PROCESS ON BEHALF OF THE FULL BOARD OF TRUSTEES OF NYULH. IN CARRYING OUT ITS RESPONSIBILITIES, THE COMMITTEE WILL: (1) ENSURE THE ADOPTION OF AND MONITOR THE ADHERENCE TO POLICIES AND PROCEDURES FOR DETERMINING AND DOCUMENTING REASONABLE EMPLOYEE COMPENSATION; (2) ENSURE THE MAINTENANCE OF DOCUMENTATION CONFIRMING THAT ALL EMPLOYEE COMPENSATION IS REASONABLE IN NATURE, APPROVED IN ACCORDANCE WITH APPROVED POLICY, IS THE VALUE THAT WOULD ORDINARILY BE PAID FOR LIKE SERVICES BY A LIKE ENTERPRISE UNDER LIKE CIRCUMSTANCES AND GIVEN THE REQUIRED TAX TREATMENT; AND (3) MONITOR EMPLOYEE BENEFIT RETIREMENT PLANS THAT INVOLVE THE ESTABLISHMENT AND MANAGEMENT OF DESIGNATED FUNDS (EXCEPT INVESTMENT MANAGEMENT) FOR THE BENEFIT OF EMPLOYEES GENERALLY OR SPECIFIED GROUPS OF EMPLOYEES. IN REVIEWING AND APPROVING THE COMPENSATION OF HIGHLY COMPENSATED INDIVIDUALS AND OF INDIVIDUALS WHO ARE IN A POSITION TO INFLUENCE THE AFFAIRS OF NYULH, THE COMMITTEE MAY RELY UPON APPROPRIATE DATA AS TO COMPARABILITY AND SHALL ADEQUATELY AND TIMELY DOCUMENT THE BASIS FOR ITS DETERMINATION CONCURRENTLY WITH MAKING THAT DETERMINATION. THE DOCUMENTATION SHALL INCLUDE THE TERMS OF THE TRANSACTIONS AND THE DATE OF ITS APPROVAL, THE MEMBERS OF THE COMPENSATION AND BENEFITS COMMITTEE PRESENT DURING THE DEBATE AND VOTE ON THE TRANSACTION, THE COMPARABILITY DATA OBTAINED AND RELIED UPON, THE ACTS OF ANY MEMBERS OF THE COMMITTEE HAVING A CONFLICT OF INTEREST AND DOCUMENTATION OF THE BASIS FOR THE DETERMINATION. THE COMMITTEE REVIEW TAKES PLACE ON THE FOLLOWING SCHEDULE: (1) ANNUALLY FOR ALL VICE PRESIDENT, VICE DEANS, CHAIRS AND ABOVE, I.E., KEY EXECUTIVES; (2) AT HIRE AND FOR ADJUSTMENT OF COMPENSATION FOR KEY EXECUTIVES AND COVERED INDIVIDUALS; (3) EVERY 3 YEARS A GLOBAL REVIEW ALL FACULTY SALARIES WILL BE PERFORMED AND SALARIES RELATED TO CHANGES IN RESPONSIBILITIES OR NEW HIRES WILL BE DONE ON A RETROACTIVE REVIEW BASIS. |
| FORM 990, PART VI, SECTION C, LINE 18 | AVAILABILITY OF FORMS 1023, 990, AND 990-T TO THE GENERAL PUBLIC: THE ORGANIZATION'S FORMS 1023, 990, AND 990-T ARE MADE AVAILABLE UPON REQUEST BY E-MAIL AT TAXSERVICES@NYULANGONE.ORG. |
| FORM 990, PART VI, SECTION C, LINE 19 | AVAILABILITY OF GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS TO THE GENERAL PUBLIC: THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS AVAILABLE ON ITS WEBSITE AT: HTTP://NYULANGONE.ORG/POLICIES-DISCLAIMERS/CONFLICTS-INTEREST. THE ORGANIZATION'S GOVERNING DOCUMENTS ARE NOT MADE PUBLICLY AVAILABLE. THE ORGANIZATION'S FINANCIAL STATEMENT IS MADE AVAILABLE TO THE PUBLIC AS PART OF ITS ANNUAL FILING WITH THE NYS ATTORNEY GENERAL'S OFFICE AND IS AVAILABLE THROUGH THEIR WEBSITE. |
| FORM 990, PART XI, LINE 9: | CHANGES IN PENSION & POSTRETIREMENT OBLIGATIONS 216,777,810. EQUITY TRANSFER - RELATED ENTITIES -1,355,411. TRANSFER FOR SELF-INSURANCE -67,041,265. |
| Software ID: | |
| Software Version: |