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ObjectId: 201741959349300124 - Submission: 2017-07-14
TIN: 13-5562308
Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
Attach to Form 990.
Information about Schedule J (Form 990) and its instructions is at
www.irs.gov/form990
.
OMB No. 1545-0047
20
15
Open to Public Inspection
Name of the organization
NEW YORK UNIVERSITY
Employer identification number
13-5562308
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
First-class or charter travel
Housing allowance or residence for personal use
Travel for companions
Payments for business use of personal residence
Tax idemnification and gross-up payments
Health or social club dues or initiation fees
Discretionary spending account
Personal services (e.g., maid, chauffeur, chef)
b
If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain
.........
1b
Yes
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked in line 1a?
..
2
Yes
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
Compensation committee
Written employment contract
Independent compensation consultant
Compensation survey or study
Form 990 of other organizations
Approval by the board or compensation committee
4
During the year, did any person listed on Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment?
................
4a
Yes
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan?
.........
4b
Yes
c
Participate in, or receive payment from, an equity-based compensation arrangement?
.........
4c
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.
5
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization?
...........................
5a
Yes
b
Any related organization?
5b
No
If "Yes," on line 5a or 5b, describe in Part III.
6
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization?
6a
No
b
Any related organization?
.........................
6b
No
If "Yes," on line 6a or 6b, describe in Part III.
7
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed
payments not described in lines 5 and 6? If "Yes," describe in Part III
............
7
Yes
8
Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III
.............................
8
No
9
If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)?
.........................
9
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) 2015
Page 2
Schedule J (Form 990) 2015
Page
2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees.
Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note.
The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.
(A)
Name and Title
(B)
Breakdown of W-2 and/or 1099-MISC compensation
(C)
Retirement and other deferred compensation
(D)
Nontaxable
benefits
(E)
Total of columns
(B)(i)-(D)
(F)
Compensation in column(B) reported as deferred on prior Form 990
(i)
Base compensation
(ii)
Bonus & incentive compensation
(iii)
Other reportable compensation
1
JOHN E SEXTON
TRUSTEE & PRESIDENT(END: 12/31/15)
(i)
(ii)
605,663
-------------
0
0
-------------
0
10,269,035
-------------
0
26,500
-------------
0
102,754
-------------
0
11,003,952
-------------
0
431,500
-------------
0
2
DAVID W MCLAUGHLIN
PROVOST
(i)
(ii)
682,365
-------------
0
0
-------------
0
0
-------------
0
26,500
-------------
0
14,534
-------------
0
723,399
-------------
0
0
-------------
0
3
ROBERT BERNE
EVP. FOR HEALTH
(i)
(ii)
1,431,081
-------------
0
0
-------------
0
0
-------------
0
26,500
-------------
0
14,534
-------------
0
1,472,115
-------------
0
0
-------------
0
4
MARTIN DORPH
CFO
(i)
(ii)
649,204
-------------
0
0
-------------
0
95,811
-------------
0
26,500
-------------
0
20,786
-------------
0
792,301
-------------
0
0
-------------
0
5
TERRANCE NOLAN
GEN.COUNSEL & SECR
(i)
(ii)
603,269
-------------
0
0
-------------
0
0
-------------
0
26,500
-------------
0
20,786
-------------
0
650,555
-------------
0
0
-------------
0
6
PIETRINA SCARAGLINO
ASSOCIATE SECRETARY
(i)
(ii)
299,832
-------------
0
0
-------------
0
0
-------------
0
0
-------------
0
1,147
-------------
0
300,979
-------------
0
0
-------------
0
7
THOMAS J CAREW
DEAN OF FAS
(i)
(ii)
528,553
-------------
0
0
-------------
0
0
-------------
0
26,500
-------------
0
14,534
-------------
0
569,587
-------------
0
0
-------------
0
8
ANDREW BROTMAN
SVP. & VICE DEAN
(i)
(ii)
640,721
-------------
640,721
600,000
-------------
600,000
6,806
-------------
6,806
12,146
-------------
12,146
0
-------------
0
1,259,673
-------------
1,259,673
0
-------------
0
9
ROBERT GROSSMAN
EX-OFFICIO, DEAN & CEO
(i)
(ii)
1,303,934
-------------
1,303,934
1,000,000
-------------
1,000,000
422,857
-------------
422,857
949,298
-------------
949,298
2,828
-------------
2,828
3,678,917
-------------
3,678,917
337,735
-------------
337,735
10
ALISON LEARY
EVP. FOR OPERATIONS (END: 4/1/16)
(i)
(ii)
587,341
-------------
0
0
-------------
0
24,028
-------------
0
26,500
-------------
0
12,698
-------------
0
650,567
-------------
0
0
-------------
0
11
STEPHANIE PIANKA
TREASURER
(i)
(ii)
353,971
-------------
0
0
-------------
0
17,774
-------------
0
26,500
-------------
0
7,790
-------------
0
406,035
-------------
0
0
-------------
0
12
DEBRA LAMORTE
SVP. FOR DEVELOPMENT
(i)
(ii)
623,812
-------------
0
0
-------------
0
78,821
-------------
0
26,500
-------------
0
7,790
-------------
0
736,923
-------------
0
0
-------------
0
13
LINDA MILLS
VC. GLOBAL PROGRAMS
(i)
(ii)
653,110
-------------
0
0
-------------
0
60,000
-------------
0
26,500
-------------
0
20,786
-------------
0
760,396
-------------
0
0
-------------
0
14
MARILYN MCMILLAN
VP. FOR IT
(i)
(ii)
379,145
-------------
0
0
-------------
0
17,041
-------------
0
26,500
-------------
0
7,790
-------------
0
430,476
-------------
0
0
-------------
0
15
KATHLEEN JACOBS START 8315
CHIEF INVESTMENT OFFICER
(i)
(ii)
213,784
-------------
0
0
-------------
0
0
-------------
0
0
-------------
0
2,039
-------------
0
215,823
-------------
0
0
-------------
0
16
ANTHONY K FREMPONG-BOADU
DR. DIVISION OF SPINAL NEU
(i)
(ii)
3,262,525
-------------
0
0
-------------
0
12,653
-------------
0
25,619
-------------
0
4,347
-------------
0
3,305,144
-------------
0
0
-------------
0
17
JAMES A GRIFO MD PHD
PROF. OF OBSTETRICS AND GY
(i)
(ii)
1,576,688
-------------
0
1,917,085
-------------
0
3,287
-------------
0
24,090
-------------
0
4,347
-------------
0
3,525,497
-------------
0
0
-------------
0
18
JOHN BENDO
VICE CHAIR CLINICAL AFFAIR
(i)
(ii)
3,174,484
-------------
0
461,480
-------------
0
13,588
-------------
0
20,992
-------------
0
6,897
-------------
0
3,677,441
-------------
0
0
-------------
0
19
RONNIE HERSHMAN
CLINICAL INSTRUCTOR DEPART
(i)
(ii)
3,791,379
-------------
0
0
-------------
0
2,351
-------------
0
23,876
-------------
0
6,897
-------------
0
3,824,503
-------------
0
0
-------------
0
20
JEFFREY GOLDSTEIN
DIRECTOR OF SPINE SERVICE
(i)
(ii)
932,547
-------------
0
0
-------------
0
530
-------------
0
0
-------------
0
4,361
-------------
0
937,438
-------------
0
0
-------------
0
21
BONNIE BRIER
FORMER GEN.COUNSEL & SECR
(i)
(ii)
631,983
-------------
0
0
-------------
0
0
-------------
0
26,500
-------------
0
14,534
-------------
0
673,017
-------------
0
0
-------------
0
22
TINA SURH
FORMER CHIEF INV. OFFICER
(i)
(ii)
0
-------------
0
0
-------------
0
866,513
-------------
0
10,151
-------------
0
12
-------------
0
876,676
-------------
0
0
-------------
0
23
JESS BENHABIB
FORMER DEAN FAS
(i)
(ii)
363,210
-------------
0
0
-------------
0
17,400
-------------
0
26,500
-------------
0
14,534
-------------
0
421,644
-------------
0
0
-------------
0
Schedule J (Form 990) 2015
Page 3
Schedule J (Form 990) 2015
Page
3
Part III
Supplemental Information
Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.
Return Reference
Explanation
PART I, LINE 1A
ONE OFFICER RECEIVED REIMBURSEMENT FOR ACCOUNTING, FINANCIAL PLANNING AND LEGAL EXPENSES. THE AMOUNT OF THE REIMBURSEMENT WAS IMPUTED TO THE OFFICER IN ITS ENTIRETY. ONE OFFICER AND KEY EMPLOYEE TRAVELED FIRST CLASS FOR BUSINESS TRAVEL WHICH WAS DETERMINED TO BE AN ORDINARY AND NECESSARY BUSINESS EXPENSE AND THEREFORE NOT TREATED AS TAXABLE INCOME. ONE OFFICER RECEIVED A TAX GROSS-UP PAYMENT WHICH WAS INCLUDED IN THE OFFICER'S TAXABLE INCOME. ONE OFFICER AND ONE KEY EMPLOYEE RECEIVED UNIVERSITY HOUSING WITHOUT CHARGE. IN ONE CASE, THE HOUSING QUALIFIED FOR EXCLUSION FROM TAX UNDER IRC 119. IN THE OTHER, INCOME IN ITS ENTIRETY WAS IMPUTED. ONE KEY EMPLOYEE HAD A CAR AND DRIVER AVAILABLE FOR USE, AND INCOME WAS IMPUTED ON THE PERSONAL USE OF THE VEHICLE AND DRIVER.
PART I, LINES 4A-B
FORMER KEY EMPLOYEE, TINA SURH, RECEIVED A SEVERANCE PAYMENT OF $765,000. JOHN SEXTON DID NOT RECEIVE A $11,003,952 PAYMENT FROM THE UNIVERSITY IN 2015. ACTUAL COMPENSATION DIRECTLY TO DR. SEXTON IN 2015 WAS $3,466,352, COMPRISED OF: 1) BASE COMPENSATION OF $605,663; 2) BENEFITS AND DEFERRED COMPENSATION TOTALING $313,089; AND 3) A PREVIOUSLY DISCLOSED "LENGTH OF SERVICE BONUS" OF $2,547,600 (EQUAL TO $77,200 FOR EACH OF THE 33 FULL ACADEMIC YEARS WORKED AT NYU). THE BALANCE OF THE AMOUNT SHOWN ON SCHEDULE J ($7,537,600) REPRESENTS THE PRESENT-DAY VALUATION OF FUTURE RETIREMENT BENEFITS OWED TO DR. SEXTON, WHICH VESTED ON JANUARY 15, 2015. BY LAW, THE PRESENT-DAY VALUATION OF THOSE BENEFITS IS REQUIRED TO BE REPORTED AS TAXABLE INCOME WHEN THE BENEFITS VEST, EVEN THOUGH ACTUAL RETIREMENT PAYMENTS TO DR. SEXTON WILL BE MADE ANNUALLY. $4,070,304 OF THIS PRESENT-DAY VALUATION WAS PAID TO THE IRS IN WITHHOLDING TAXES AND WILL BE DEDUCTED FROM FUTURE BENEFITS PAYMENTS DUE TO DR. SEXTON UNDER HIS CONTRACT. FUTURE BENEFITS PAYMENTS TO DR. SEXTON UNDER HIS CONTRACT WILL ALSO BE REDUCED BY RETIREMENT BENEFITS OTHERWISE PROVIDED BY THE UNIVERSITY (E.G. DISTRIBUTIONS FROM THE 403(B) PLAN AVAILABLE TO FACULTY). ROBERT GROSSMAN, MD - DEAN OF NYU SCHOOL OF MEDICINE- PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN (SERP) DURING CALENDAR YEAR 2015. THE EMPLOYER CONTRIBUTION TO THIS PLAN WAS $1,874,305 FOR CALENDAR YEAR 2015. THIS AMOUNT IS REPORTED AS A SHARED COST BETWEEN NYU HOSPITALS CENTER AND NYU SCHOOL OF MEDICINE. THE SUPPLEMENTAL SERP CONTRIBUTIONS WERE MADE PURSUANT TO A NEGOTIATED AGREEMENT WITH DR. GROSSMAN.
PART I, LINE 5
ONE HIGHEST COMPENSATED EMPLOYEE RECEIVED COMPENSATION OVER A BASE SALARY BASED ON THE SURPLUS OF REVENUES AFTER EXPENSES FOR THE FACULTY GROUP PRACTICE.
PART I, LINE 7
TWO KEY EMPLOYEES RECEIVED COMPENSATION OVER BASE SALARY INCLUDING THE BONUS DETERMINED BY THE ORGANIZATION'S COMPENSATION COMMITTEE, DETERMINED AS REASONABLE.
SCHEDULE J, PART II, COLUMN F
DR. GROSSMAN'S OTHER REPORTABLE COMPENSATION (COL. (B)(III)) INCLUDES A SERP DISTRIBUTION PAYMENT OF $585,147 DURING CALENDAR YEAR 2015. THIS AMOUNT INCLUDES THE SERP CONTRIBUTION OF $675,469 THAT WAS REPORTED ON A PRIOR FORM 990 AS DEFERRED COMPENSATION, AND THE EARNINGS THEREON. THESE AMOUNTS ARE REPORTED AS A SHARED COST BETWEEN NYUHC AND NYU SCHOOL OF MEDICINE.
Schedule J (Form 990) 2015
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